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Print - 2018-08-21
Experts suggest formation of fiscal/tax policy board

Experts suggest formation of fiscal/tax policy board

Tax experts have suggested new government to constitute a Fiscal/Tax Policy Board for making a viable tax policy for the Federal Board of Revenue (FBR) and restrict the functioning of the FBR to tax administration and revenue collection. A top tax expert
Published 21 Aug, 2018 12:00am
Tarbela Dam reaches to maximum storage level of 1550 feet

Tarbela Dam reaches to maximum storage level of 1550 feet

The country's key water reservoir, Tarbela Dam filled on Monday morning to its maximum storage level of 1550 feet. This was officially confirmed by Indus River System Authority (Irsa) and Water and Power Development Authority (Wapda). According to Wapda,
Published 21 Aug, 2018 12:00am
People urged to donate hides to Al-Khidmat

People urged to donate hides to Al-Khidmat

Jamaat-e-Islami (JI) Karachi on Monday appealed to the public to help its welfare organization-Al-Khidmat with a maximum contribution of sacrificial animals' hides so that it could more effectively carry out its charity work among the poor. Addressing a p
Published 21 Aug, 2018 12:00am
Lawai's bail plea rejected

Lawai's bail plea rejected

A banking court on Monday turned down the bail application of Hussain Lawai, former Chairman Pakistan Stock Exchange (PSE) and an accused in a billion rupees money-laundering case. The court, which reserved its order on the bail plea of suspects Hussain L
Published 21 Aug, 2018 12:00am
Thar, part of Umerkot declared drought-hit areas
Cotton

Thar, part of Umerkot declared drought-hit areas

The Sindh Cabinet in its maiden meeting on Monday held under the chairmanship of Sindh Chief Minister Syed Murad Ali Shah declared Thar and part of Umerkot as drought hit areas. The meeting was attended by all the eight ministers, two advisors, chief secr
Published 21 Aug, 2018 12:00am
Hubco's PAT soars to Rs 11.65 billion

Hubco's PAT soars to Rs 11.65 billion

The profit after tax (consolidated) of Hub Power Company Limited (Hubco) has increased to Rs 11.664 billion in the year ended June 30, 2018 as compared to Rs 11.348 billion earned in the corresponding period in 2017.
Published 21 Aug, 2018 12:00am
Hubco's PAT soars to Rs 11.65 billion

Hubco's PAT soars to Rs 11.65 billion

The profit after tax (consolidated) of Hub Power Company Limited (Hubco) has increased to Rs 11.664 billion in the year ended June 30, 2018 as compared to Rs 11.348 billion earned in the corresponding period in 2017.
Published 21 Aug, 2018 12:00am
SAI for revising Eid holidays' notification

SAI for revising Eid holidays' notification

President, Site Association of Industry (SAI), Muhammad Jawed Bilwani urged Sindh Chief Secretary Major Azam Suleman Khan (retd) to revise the notification regarding public holidays on the occasion of Eid ul Azha to observe three days holidays from 21-23
Published 21 Aug, 2018 12:00am
Votes recount: SHC asks PSP to approach election tribunals

Votes recount: SHC asks PSP to approach election tribunals

A divisional bench of the Sindh High Court (SHC) on Monday ordered Pak Sarzameen Party (PSP) to approach election tribunal for its petition seeking recounting of votes cast at all polling stations in the election to National and Provincial assemblies from
Published 21 Aug, 2018 12:00am
JCR-VIS upgrades Pak-Qatar Family Takaful rating

JCR-VIS upgrades Pak-Qatar Family Takaful rating

Pak-Qatar Family Takaful Limited (PQFTL) receives upgraded credit rating from JCR-VIS Credit Rating Company Ltd. JCR-VIS has upgraded the Insurer Financial Strength (IFS) rating from 'A' (Single A) to 'A+' (Single A Plus). Outlook on the assigned rating i
Published 21 Aug, 2018 12:00am
JCR-VIS upgrades Pak-Qatar Family Takaful rating

JCR-VIS upgrades Pak-Qatar Family Takaful rating

Pak-Qatar Family Takaful Limited (PQFTL) receives upgraded credit rating from JCR-VIS Credit Rating Company Ltd. JCR-VIS has upgraded the Insurer Financial Strength (IFS) rating from 'A' (Single A) to 'A+' (Single A Plus). Outlook on the assigned rating i
Published 21 Aug, 2018 12:00am
Habib Metropolitan Bank Limited posts Rs 2.947 billion PAT

Habib Metropolitan Bank Limited posts Rs 2.947 billion PAT

The profit after tax (unconsolidated) of Habib Metropolitan Bank Limited has increased to Rs 2.947 billion in the half-year period ended June 30, 2018 as compared to Rs 2.241 billion earned in the corresponding period in 2017. The board of directors of th
Published 21 Aug, 2018 12:00am
Habib Metropolitan Bank Limited posts Rs 2.947 billion PAT

Habib Metropolitan Bank Limited posts Rs 2.947 billion PAT

The profit after tax (unconsolidated) of Habib Metropolitan Bank Limited has increased to Rs 2.947 billion in the half-year period ended June 30, 2018 as compared to Rs 2.241 billion earned in the corresponding period in 2017. The board of directors of th
Published 21 Aug, 2018 12:00am
Non-basmati varieties: reap voices concern over late rice sowing

Non-basmati varieties: reap voices concern over late rice sowing

Rice Exporters Association of Pakistan (Reap) has expressed concern over the late sowing of non-basmati rice varieties due to water shortage. Rafique Suleman, Senior Vice Chairman, REAP has drawn the attention of Syed Murad Ali Shah, Chief Minister of Sin
Published 21 Aug, 2018 12:00am
Exporters hail PM's speech

Exporters hail PM's speech

People belonging to different walks of life including exporters and SMEs have hailed the speech of Prime Minister Imran Khan and termed it a realistic approach. Talking to Business Recorder on Monday they said that agenda of the prime minister will
Published 21 Aug, 2018 12:00am
Eid-ul-Azha Over 10,000 cops to be deployed in Lahore

Eid-ul-Azha Over 10,000 cops to be deployed in Lahore

Deputy Inspector General of Police (Operations) Shahzad Akbar said on Monday that over 10,000 police officers will be deputed in the provincial capital to ensure security during Eid-ul Azha celebrations. "Over 10,000 cops including 14 SPs, 40 DSPs and 88
Published 21 Aug, 2018 12:00am
Pest warning staff will be available during Eid holidays
Cotton

Pest warning staff will be available during Eid holidays

Pest warning staff of the Agriculture Department Punjab will be available in the offices to protect cotton crop while to ensure availability of pesticides against harmful insects, shops of all dealers will also remained open during Eid-ul-Azha holidays. A
Published 21 Aug, 2018 12:00am
FCCI hails PM's maiden address to nation

FCCI hails PM's maiden address to nation

Maiden address of newly elected Prime Minister Imran Khan depicts his political and economic maturity and farsightedness as he has covered almost all sectors of our political, economic and social life with a clear vision to make Pakistan a strong, prosper
Published 21 Aug, 2018 12:00am
Cheetay.pk introduces book category

Cheetay.pk introduces book category

Cheetay.pk having grown exponentially within the domain of food delivery in Lahore is next aiming to go into alternate business verticals by utilising their existing logistics base. Providing books to the masses is the next step, said Ahmed Khan, CEO of c
Published 21 Aug, 2018 12:00am
Shahbaz appears before NAB

Shahbaz appears before NAB

Former Punjab chief minister Shahbaz Sharif on Monday appeared before the National Accountability Bureau (NAB) in a probe pertaining to Ashiana-e-Iqbal Housing scheme, Punjab Power Development Company (PPDC) and corruption in the Punjab Saaf Pani Company
Published 21 Aug, 2018 12:00am
Usman Buzdar takes oath as 26th Punjab CM

Usman Buzdar takes oath as 26th Punjab CM

After having been elected as Leader of the House in the first session of the 17th Punjab Assembly, Sardar Usman Buzdar Monday was sworn in as the 26th Chief Minister of Punjab putting an end of 10-year rule of the PML-N in the country's biggest province.
Published 21 Aug, 2018 12:00am
FWMC chalks out plan for disposal of sacrificial animals' waste

FWMC chalks out plan for disposal of sacrificial animals' waste

Faisalabad Waste Management Company (FWMC) has chalked out comprehensive and elaborated cleanliness plan for prompt disposal of sacrificial animals waste during Eidul Azha days. This was revealed by MD FWMC Colonel Emad Gill during a media briefing. Manag
Published 21 Aug, 2018 12:00am
Experts hope new measures for increasing tax returns

Experts hope new measures for increasing tax returns

Tax experts have expressed hope that the new government of Pakistan Tehreek-e-Insaf (PTI) will take measures to increase the number of income tax returns under the reform of Federal Board of Revenue (FBR) drive. Talking to Business Recorder, they also str
Published 21 Aug, 2018 12:00am
BISE Lahore announces SSC Part 1 result

BISE Lahore announces SSC Part 1 result

The Board of Intermediate and Secondary Education (BISE), Lahore, has declared the result of secondary school (Class IX) annual examination, 2018. According to a notification issued by the board on Monday, 258,000 candidates appeared in the examination, o
Published 21 Aug, 2018 12:00am
Business community pins high hopes on PTI-led government

Business community pins high hopes on PTI-led government

Reacting to Prime Minister Imran Khan's maiden speech to the nation, the business community has expressed optimism that the new government will be able to pull the country out of multiple challenges being faced by the country. They hoped that the new gove
Published 21 Aug, 2018 12:00am
Eid-ul-Azha holidays in Sindh

Eid-ul-Azha holidays in Sindh

The Sindh Labour and Human Resources department has declared August 21 to 24 (Tuesday, Wednesday, Thursday and Friday) as public Holidays on the occasion of Eid-ul-Azha to be observed by all workers in the Province of Sindh.
Published 21 Aug, 2018 12:00am
China ready to work together with Imran

China ready to work together with Imran

China on Monday reiterated its willingness to work together with newly elected Prime Minister Imran Khan to enhance friendly exchanges in various fields, accelerate the construction of China Pakistan Economic Corridor (CPEC) and promote greater developmen
Published 21 Aug, 2018 12:00am
NAB chairman, PG directed to appear in CJP's chamber

NAB chairman, PG directed to appear in CJP's chamber

The Supreme Court on Monday took exception to a practice by the National Accountability Bureau (NAB) of leaking information to media. "The NAB has no right to ridicule anyone and we would not allow this kind of accountability," observed Chief Justice Mian
Published 21 Aug, 2018 12:00am
PML-N not prepared to support Aitzaz

PML-N not prepared to support Aitzaz

Pakistan Muslim League-Nawaz (PML-N) is unlikely to extend support to the Pakistan People's Party (PPP) nominated candidate for presidential election Barrister Aitzaz Ahsan. The way the PPP had ditched the PML-N nominees in the elections of the PM and Pun
Published 21 Aug, 2018 12:00am
Rain likely during Eid holidays

Rain likely during Eid holidays

Spokesman of Met-Office informed that weak monsoon currents are prevailing in upper parts of the country which seems to be strengthening from Friday. Under these conditions the expected weather during Eid days would be; Rain-thundershower with gusty winds
Published 21 Aug, 2018 12:00am
GIZ, BCI, LSF sign cooperation agreement
Cotton

GIZ, BCI, LSF sign cooperation agreement

The Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), Better Cotton Initiative (BCI) and Lok Sanjh Foundation (LSF) signed a cooperation agreement under its International Water Stewardship Programme (IWaSP) on Monday to address shared water r
Published 21 Aug, 2018 12:00am
CS orders steps to maintain historical status of 'The Mall'

CS orders steps to maintain historical status of 'The Mall'

Chief Secretary Punjab Akbar Durrani on Monday directed the authorities concerned to take into consideration the design, safety standards and traffic management before giving approval for construction of new buildings at The Mall to maintain its historica
Published 21 Aug, 2018 12:00am
Nepalese Deputy PM congratulates Qureshi

Nepalese Deputy PM congratulates Qureshi

Krishna Bahadur Mahara, Deputy Prime Minister and Minister for Foreign Affairs of Nepal telephoned Shah Mehmood Qureshi Monday to congratulate him on assuming charge as foreign minister of Pakistan. Qureshi expressed his admiration for the resolve and det
Published 21 Aug, 2018 12:00am
Khalid assumes charge of Ministry for IT & Telecommunications

Khalid assumes charge of Ministry for IT & Telecommunications

Federal Minister Dr Khalid Maqbool Siddiqui on Monday assumed the charge of Ministry for Information Technology and Telecommunication to implement an ambitious agenda of Pakistan Tehreek-e-Insaf-led coalition government for knowledge economy and digitisat
Published 21 Aug, 2018 12:00am
Ahsan accuses Imran of misleading nation on foreign debt

Ahsan accuses Imran of misleading nation on foreign debt

Pakistan Muslim League-Nawaz (PML-N) leader Ahsan Iqbal on Monday accused Prime Minister Imran Khan of misleading the nation on foreign debt. Speaking at a news conference, he said that Prime Minister Khan in his first speech to the nation mentioned that
Published 21 Aug, 2018 12:00am
Eid holidays: CTP finalises foolproof security arrangements

Eid holidays: CTP finalises foolproof security arrangements

Islamabad Capital Territory Police Monday finalized all arrangements to ensure foolproof security in the federal capital during Eid holidays from August 21 to 23. As many as 2,000 policemen have been deployed across the capital to maintain law and order d
Published 21 Aug, 2018 12:00am
Bakhtyar pays his maiden visit to his ministry's office

Bakhtyar pays his maiden visit to his ministry's office

Newly appointed federal minister for Planning, Development and Reform, Makhdum Khusro Bakhtyar paid his maiden visit to his office in the ministry on Monday. While assuming his duties he was briefed about the details of the federal development portfolio a
Published 21 Aug, 2018 12:00am
Rashid vows to reduce Railways losses

Rashid vows to reduce Railways losses

Federal Minister for Railways Sheikh Rashid Ahmed Monday expressed his resolve to initiate efficient train service, overcome losses, stop political interference and transform Pakistan Railways into an innovative and corruption-free organization. Addressin
Published 21 Aug, 2018 12:00am
Umar given briefing about working of ministry

Umar given briefing about working of ministry

Finance Minister, Asad Umar assumed responsibilities of his office here on Monday. The minister soon after his arrival chaired a meeting of the senior officials of the Ministry of Finance. He was given briefing about the overall working of the ministry, i
Published 21 Aug, 2018 12:00am
KP CM directs comprehensive security plan

KP CM directs comprehensive security plan

Chief Minister Khyber Pakhtunkhwa, Mahmood Khan has directed the police officers to prepare a comprehensive and complete security plan for the province so that peace prevails and the people could perform their routine tasks without any fear. He directed f
Published 21 Aug, 2018 12:00am
NA Secretariat Speaker directs economy measures

NA Secretariat Speaker directs economy measures

Speaker National Assembly Asad Qaiser along with the senior officers of the National Assembly Secretariat visited different offices of the National Assembly Secretariat on Monday.
Published 21 Aug, 2018 12:00am
Corps Commander Peshawar meets KP CM

Corps Commander Peshawar meets KP CM

Corps Commander Peshawar Lieutenant General Nazir Ahmed Butt Monday called on Chief Minister Mahmood Khan here. They discussed the security situation in tribal districts and matters of mutual interests. The chief minister said that implementation of FATA
Published 21 Aug, 2018 12:00am
Ways, means to run proceedings of NA discussed

Ways, means to run proceedings of NA discussed

The Speaker National Assembly Asad Qaiser presided over a high level meeting in the National Assembly at Parliament House Monday to discuss the ways and means to run the proceedings of the National Assembly amicably.
Published 21 Aug, 2018 12:00am
NAB authorizes inquiries into various KP departments

NAB authorizes inquiries into various KP departments

The Regional Board Meeting (RBM) of National Accountability Bureau (NAB) Khyber Pakhtunkhwa held here with Director General (DG), Farmanullah Khan in the chair. The meeting was attended by Directors, Deputy Prosecutor General (DPGA), Case Officers, and ot
Published 21 Aug, 2018 12:00am
Partly Facetious: Who will be country's next President?

Partly Facetious: Who will be country's next President?

"So supporting Aitzaz Ahsan as President in return for dumping Sherry Rehman as the leader of the opposition in the Senate in favour of PML-N is Zardari sahib's fig leaf to the PML-N for not supporting Shahbaz Sharif as the Prime Minister - an office that
Published 21 Aug, 2018 12:00am
The challenge of corruption - II

The challenge of corruption - II

Business Recorder op-ed writer M Ziauddin has raised a very important point in his article carried by the newspaper on August 8. He has argued that Pakistan Tehreek-e-Insaf (PTI), the party that won the mandate to govern the country for the next fi
Published 21 Aug, 2018 12:00am
China shifts to Iranian tankers to keep oil flowing amid US sanctions

China shifts to Iranian tankers to keep oil flowing amid US sanctions

Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic sanctions by the United States. The shift dem
Published 21 Aug, 2018 12:00am
Imran Khan's inaugural address

Imran Khan's inaugural address

Prime Minister (PM) Imran Khan delivered his inaugural address to the nation on August 19, 2018, one day after taking oath of office. Given the occasion, this is perhaps not a day for regurgitating the whole saga surrounding these controversial elections
Published 21 Aug, 2018 12:00am
Falling poverty?

Falling poverty?

Contrary to perceptions, the extremely good news is that poverty is apparently declining sharply in Pakistan. The National Poverty Report published recently by the Planning Commission has revealed that the incidence of poverty has fallen sharply from 44.1
Published 21 Aug, 2018 12:00am
The Weather

The Weather

The weather report on Monday (August 20, 2018) and the forecast for Tuesday (August 21, 2018).

Published 21 Aug, 2018 12:00am
Towards a 'New Pakistan'

Towards a 'New Pakistan'

In his first address to the nation, Prime Minister Imran Khan laid out his roadmap for a 'New Pakistan' inspiring hopes of a better future. He dwelt on a wide range of issues affecting the lives of ordinary people such as malnutrition causing stunted grow
Published 21 Aug, 2018 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 21 Aug, 2018 12:00am
Housing crisis

Housing crisis

It is a well-known fact that Pakistan is facing a housing crisis, especially in the urban areas of the country, due to a number of factors. According to a report prepared for the Asian Coalition of Housing Rights as a part of a larger development and plan
Published 21 Aug, 2018 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 21 Aug, 2018 12:00am
Trump has responsibility towards media, says UN rights boss

Trump has responsibility towards media, says UN rights boss

The UN rights chief said on Monday that U.S. President Donald Trump bears "a heavy responsibility" for how the media is portrayed and that his remarks could have a knock-on effect that could hurt journalists in other countries. U.S. newspapers across the
Published 21 Aug, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (August 20, 2018).

Published 21 Aug, 2018 12:00am
Trump has responsibility towards media, says UN rights boss

Trump has responsibility towards media, says UN rights boss

The UN rights chief said on Monday that U.S. President Donald Trump bears "a heavy responsibility" for how the media is portrayed and that his remarks could have a knock-on effect that could hurt journalists in other countries. U.S. newspapers across the
Published 21 Aug, 2018 12:00am
Blasphemous caricatures: Pakistan summons Dutch Charge d'Affaires

Blasphemous caricatures: Pakistan summons Dutch Charge d'Affaires

Pakistan on Monday summoned Dutch Charge d'Affaires and lodged a strong protest on the proposed competition of blasphemous caricatures by a Dutch parliamentarian. "The Charge d'Affaires of the Kingdom of the Netherlands was summoned to the Foreign Office
Published 21 Aug, 2018 12:00am
Blasphemous caricatures: Pakistan summons Dutch Charge d'Affaires

Blasphemous caricatures: Pakistan summons Dutch Charge d'Affaires

Pakistan on Monday summoned Dutch Charge d'Affaires and lodged a strong protest on the proposed competition of blasphemous caricatures by a Dutch parliamentarian. "The Charge d'Affaires of the Kingdom of the Netherlands was summoned to the Foreign Office
Published 21 Aug, 2018 12:00am
Taliban reject Afghan ceasefire, kidnap nearly 200 bus passengers

Taliban reject Afghan ceasefire, kidnap nearly 200 bus passengers

The Taliban rejected on Monday an Afghan government offer of a ceasefire and said they would persist with their attacks, militant commanders said, while insurgents ambushed three buses and nearly 200 passengers travelling for a holiday. Two Taliban comman
Published 21 Aug, 2018 12:00am
Taliban reject Afghan ceasefire, kidnap nearly 200 bus passengers

Taliban reject Afghan ceasefire, kidnap nearly 200 bus passengers

The Taliban rejected on Monday an Afghan government offer of a ceasefire and said they would persist with their attacks, militant commanders said, while insurgents ambushed three buses and nearly 200 passengers travelling for a holiday. Two Taliban comman
Published 21 Aug, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (August 20, 2018)

Published 21 Aug, 2018 12:00am
Russia invites Taliban to Afghanistan talks in September

Russia invites Taliban to Afghanistan talks in September

Russia on Monday said it was preparing international peace talks on Afghanistan on September 4 and has invited the Taliban, the day after Afghan President Ashraf Ghani declared a new 3-month ceasefire. "We are preparing it for September 4," Zamir Kabulov,
Published 21 Aug, 2018 12:00am
Russia invites Taliban to Afghanistan talks in September

Russia invites Taliban to Afghanistan talks in September

Russia on Monday said it was preparing international peace talks on Afghanistan on September 4 and has invited the Taliban, the day after Afghan President Ashraf Ghani declared a new 3-month ceasefire. "We are preparing it for September 4," Zamir Kabulov,
Published 21 Aug, 2018 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (August 20, 2018).

Published 21 Aug, 2018 12:00am
Soviet lab reopens as cryptocurrency ''farm''
Currency

Soviet lab reopens as cryptocurrency ''farm''

A Russian company on Monday opened what it said was the country''s largest cryptocurrency mining unit, in a former Soviet fertilizer-producing laboratory. The opening comes as Russian authorities seek to regulate the booming cryptocurrency sector.
Published 21 Aug, 2018 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (August 20, 2018).

Published 21 Aug, 2018 12:00am
Soviet lab reopens as cryptocurrency 'farm'
Currency

Soviet lab reopens as cryptocurrency 'farm'

A Russian company on Monday opened what it said was the country's largest cryptocurrency mining unit, in a former Soviet fertilizer-producing laboratory. The opening comes as Russian authorities seek to regulate the booming cryptocurrency sector.
Published 21 Aug, 2018 12:00am
Soviet lab reopens as cryptocurrency 'farm'
Currency

Soviet lab reopens as cryptocurrency 'farm'

A Russian company on Monday opened what it said was the country's largest cryptocurrency mining unit, in a former Soviet fertilizer-producing laboratory. The opening comes as Russian authorities seek to regulate the booming cryptocurrency sector.
Published 21 Aug, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (August 20, 2018).

Published 21 Aug, 2018 12:00am
Hugging CoAS Sedition case filed against Sidhu in Bihar court

Hugging CoAS Sedition case filed against Sidhu in Bihar court

A sedition case was filed against cricketer-turned-politician Navjot Singh Sidhu for hugging Pakistan's Chief of Army Staff (CoAS). Sidhu, a Minister in Congress-led government in Punjab, is under attack for hugging the Pakistan Army Chief, by the BJP and
Published 21 Aug, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (August 20, 2018).

Published 21 Aug, 2018 12:00am
Hugging CoAS Sedition case filed against Sidhu in Bihar court

Hugging CoAS Sedition case filed against Sidhu in Bihar court

A sedition case was filed against cricketer-turned-politician Navjot Singh Sidhu for hugging Pakistan's Chief of Army Staff (CoAS). Sidhu, a Minister in Congress-led government in Punjab, is under attack for hugging the Pakistan Army Chief, by the BJP and
Published 21 Aug, 2018 12:00am
ECB fines France''s Credit Agricole over capital reserves

ECB fines France''s Credit Agricole over capital reserves

The European Central Bank said Monday it had fined French lender Credit Agricole a total of 4.8 million euros ($5.5 million) over past irregularities in the way it declared its capital reserves. The ECB said in a statement it slapped Credit Agricole (CA)
Published 21 Aug, 2018 12:00am
ECB fines France's Credit Agricole over capital reserves

ECB fines France's Credit Agricole over capital reserves

The European Central Bank said Monday it had fined French lender Credit Agricole a total of 4.8 million euros ($5.5 million) over past irregularities in the way it declared its capital reserves. The ECB said in a statement it slapped Credit Agricole (CA)
Published 21 Aug, 2018 12:00am
THE RUPEE: weak trend
Currency

THE RUPEE: weak trend

Bears persisted on the money market on Monday as the rupee showed weakness in terms of the dollar in the process of trading activity, dealers said. The rupee lost 23 paisas in relation to the US currency for buying and selling at Rs 124.23 and Rs 124.27 r
Published 21 Aug, 2018 12:00am
ECB fines France's Credit Agricole over capital reserves

ECB fines France's Credit Agricole over capital reserves

The European Central Bank said Monday it had fined French lender Credit Agricole a total of 4.8 million euros ($5.5 million) over past irregularities in the way it declared its capital reserves. The ECB said in a statement it slapped Credit Agricole (CA)
Published 21 Aug, 2018 12:00am
THE RUPEE: weak trend
Currency

THE RUPEE: weak trend

Bears persisted on the money market on Monday as the rupee showed weakness in terms of the dollar in the process of trading activity, dealers said. The rupee lost 23 paisas in relation to the US currency for buying and selling at Rs 124.23 and Rs 124.27 r
Published 21 Aug, 2018 12:00am
Accountability ordinance has no lawful effect, IHC told

Accountability ordinance has no lawful effect, IHC told

Islamabad High Court (IHC) was urged to declare that National Accountability Ordinance (NAO) 1999 ceased to exist after the promulgation of the 18th Amendment and insertion of Article 270-AA in the Constitution; therefore, all convictions under it, includ
Published 21 Aug, 2018 12:00am
Accountability ordinance has no lawful effect, IHC told

Accountability ordinance has no lawful effect, IHC told

Islamabad High Court (IHC) was urged to declare that National Accountability Ordinance (NAO) 1999 ceased to exist after the promulgation of the 18th Amendment and insertion of Article 270-AA in the Constitution; therefore, all convictions under it, includ
Published 21 Aug, 2018 12:00am
US service member killed

US service member killed

A US service member was killed and several other troops injured when their helicopter crashed during anti-jihadi operations in Iraq, officials said Monday. The crash appeared to have been accidental, as there were no indications it was caused by hostile f
Published 21 Aug, 2018 12:00am
US service member killed

US service member killed

A US service member was killed and several other troops injured when their helicopter crashed during anti-jihadi operations in Iraq, officials said Monday. The crash appeared to have been accidental, as there were no indications it was caused by hostile f
Published 21 Aug, 2018 12:00am
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