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Print - 2018-08-29
Fire guts historic Belfast building

Fire guts historic Belfast building

A fire in central Belfast on Tuesday "extensively damaged" a historic building dating back more than two centuries, the Northern Ireland Fire and Rescue Service (NIFRS) said. The blaze broke out at around 11:00 am (10:00 GMT) on the top floor of a five-st
Published 29 Aug, 2018 12:00am
Blow for France's Macron as star minister quits

Blow for France's Macron as star minister quits

Emmanuel Macron suffered a major blow to his authority and green credentials on Tuesday as his popular environment minister resigned live on radio - without informing the French president beforehand. Nicolas Hulot, a TV celebrity and one of the most respe
Published 29 Aug, 2018 12:00am
Saudi medical students allowed to complete training in Canada

Saudi medical students allowed to complete training in Canada

More than 1,000 Saudi medical students ordered to leave Canada because of a diplomatic row have been granted an extension that would allow them to complete their training, Ottawa confirmed Tuesday. According to medical and university officials, the 1,053
Published 29 Aug, 2018 12:00am
France restricts travel by diplomats to Iran

France restricts travel by diplomats to Iran

France has told its diplomats and foreign ministry officials to postpone indefinitely all non-essential travel to Iran, citing a foiled bomb plot and a hardening of Tehran's attitude towards France, according to an internal memo seen by Reuters.
Published 29 Aug, 2018 12:00am
Ankara says Macron 'far from understands' Turkey
Currency

Ankara says Macron 'far from understands' Turkey

Ankara on Tuesday accused French President Emmanuel Macron of failing to understand Turkey after he played down the chance of the country joining the EU and criticised President Recep Tayyip Erdogan for a "pan-Islamic" vision. Macron on Monday said Erdoga
Published 29 Aug, 2018 12:00am
Embattled Greek PM revamps cabinet for post-bailout push

Embattled Greek PM revamps cabinet for post-bailout push

Greek Prime Minister Alexis Tsipras on Tuesday reshuffled his cabinet ahead of a keynote economy speech next month, seeking to rebound from poor ratings in the final stretch before 2019 elections. Finance Minister Euclid Tsakalotos remains at his post, as
Published 29 Aug, 2018 12:00am
Paris, Tokyo, New York and others pledge to slash waste

Paris, Tokyo, New York and others pledge to slash waste

By slashing food waste and improving waste management and recycling, 23 global cities and regions representing 150 million people pledged Tuesday to significantly cut the pollution-causing garbage they generate by 2030. Places like New York, Tokyo, London
Published 29 Aug, 2018 12:00am
Strong 6.2 magnitude quake strikes off eastern Indonesia

Strong 6.2 magnitude quake strikes off eastern Indonesia

A strong 6.2 magnitude earthquake struck eastern Indonesia on Tuesday, the US Geological Survey said, but there was no tsunami warning or immediate reports of damage. The offshore tremor struck at a shallow depth of eight kilometres (five miles), about 10
Published 29 Aug, 2018 12:00am
Russia to hold biggest military drills since Cold War

Russia to hold biggest military drills since Cold War

Russia will next month flex its military muscles and hold the biggest war games since the Cold War era, with almost 300,000 troops and 1,000 aircraft, the defence minister said Tuesday. The Vostok-2018, or East 18, exercises simulating large-scale warfare
Published 29 Aug, 2018 12:00am
Arrest of Indian rights activists sparks outrage

Arrest of Indian rights activists sparks outrage

Indian police arrested five outspoken lawyers and left-wing activists during raids across the country Tuesday that drew condemnation from opposition parties and rights watchdogs who said it was a crackdown on critics of the government.
Published 29 Aug, 2018 12:00am
US ends suspension of military drills, amid North Korea tensions

US ends suspension of military drills, amid North Korea tensions

The United States will end its suspension of military drills on the Korean peninsula, a move that had been decided as a "good faith" measure following President Donald Trump's summit with North Korean leader Kim Jong Un, the Pentagon said Tuesday. "We too
Published 29 Aug, 2018 12:00am
Malaysian palm oil rises
Vegetable Oil

Malaysian palm oil rises

Malaysian palm oil futures rose more than 1 percent to a one-week high on Tuesday evening, supported by a bullish price outlook by an analyst at an industry conference in Kuala Lumpur. Overnight gains in US soyaoil on the Chicago Board of Trade (CBOT) als
Published 29 Aug, 2018 12:00am
Raw sugar, arabica coffee prices fall
Currency

Raw sugar, arabica coffee prices fall

Raw sugar and arabica coffee futures fell on Tuesday, nearing last week's multi-year lows, on renewed weakness in the currency of Brazil, the top producer of both commodities. A weaker Brazil real makes dollar-denominated prices more attractive in local c
Published 29 Aug, 2018 12:00am
Copper climbs to two-week high
Currency

Copper climbs to two-week high

Copper prices climbed to two-week highs on Tuesday as the US-Mexico trade deal raised hopes for an agreement between the United States and China and as the dollar slipped. Benchmark copper on the London Metal Exchange ended up 0.7 percent at $6,147 a tonn
Published 29 Aug, 2018 12:00am
Oil dips on profit-taking, trade deal limits decline

Oil dips on profit-taking, trade deal limits decline

Oil prices fell on Tuesday as some investors took profits on recent strong gains, but losses were limited the day after a US-Mexico trade agreement eased worries about tensions between the two countries. Brent crude futures fell 26 cents to settle at $75.
Published 29 Aug, 2018 12:00am
Tokyo rubber hits one-week low

Tokyo rubber hits one-week low

Benchmark Tokyo rubber futures touched a one-week low on Tuesday, tracking weakness in Shanghai and Singapore futures, amid worries of oversupply despite floods in a key producing region in India. The Tokyo Commodity Exchange rubber contract for new Febru
Published 29 Aug, 2018 12:00am
Gold hovers above $1,200 in New York

Gold hovers above $1,200 in New York

Gold gained above $1,200 per ounce on Monday as the dollar weakened after the United States and Mexico struck an agreement that lowers trade tensions. Major currencies gained against the US dollar, which has been a safe haven from months of trade tensions
Published 29 Aug, 2018 12:00am
Gold steadies in Asia
Currency

Gold steadies in Asia

Gold steadied on Tuesday as the dollar hovered near a one-month low following a trade deal between the United States and Mexico, but concerns around a still developing US-China trade row kept a check on prices of the precious metal. Spot gold inched 0.1 p
Published 29 Aug, 2018 12:00am
Gold climbs in Europe
Currency

Gold climbs in Europe

Gold edged higher on Tuesday, helped by weakness in the dollar after a trade deal was struck between the United States and Mexico but analysts said ongoing US-China tensions would continue to weigh. The United States and Mexico agreed on Monday to overhau
Published 29 Aug, 2018 12:00am
US MIDDAY: soya falls

US MIDDAY: soya falls

US soyabean futures fell more than 1 percent on Tuesday, with the benchmark November contract on the Chicago Board of Trade hitting a one-month low on expectations of a bumper US harvest and uncertainty about demand, analysts said. Corn futures followed s
Published 29 Aug, 2018 12:00am
US MIDDAY: gold turns negative

US MIDDAY: gold turns negative

Gold turned negative on Tuesday as US Treasuries rose after the United States and Mexico struck a trade deal, with analysts saying ongoing US-China tensions would continue to weigh. US Treasury yields rose across maturities to weekly highs as global trade
Published 29 Aug, 2018 12:00am
Oil pipeline project: Ogra seeks public views

Oil pipeline project: Ogra seeks public views

The Oil and Gas Regulatory Authority (Ogra) has sought comments and objections from general public who are likely to be affected from 427-km long oil pipeline project from Machike to Peshawar. Inter-State Gas Systems Limited (ISGSL) has applied for the gr
Published 29 Aug, 2018 12:00am
Indus Motor declares Rs 15.8 billion PAT for FY18

Indus Motor declares Rs 15.8 billion PAT for FY18

The Board of Directors of Indus Motor Company (IMC) Ltd. met on Tuesday to review the company's financial and operating performance for the year ended June 30, 2018.
Published 29 Aug, 2018 12:00am
Indus Motor declares Rs 15.8 billion PAT for FY18

Indus Motor declares Rs 15.8 billion PAT for FY18

The Board of Directors of Indus Motor Company (IMC) Ltd. met on Tuesday to review the company's financial and operating performance for the year ended June 30, 2018.
Published 29 Aug, 2018 12:00am
Tapi project to be completed during PTI's tenure: Senate told

Tapi project to be completed during PTI's tenure: Senate told

Minister for Energy Ghulam Sarwar Khan Tuesday assured the Senate that Turkmenistan-Afghanistan-Pakistan-India [TAPI] gas pipeline project will be completed during the tenure of the present government. Speaking in the House during the question-hour, he sa
Published 29 Aug, 2018 12:00am
Waves Singer Pakistan Limited
Mutual Funds

Waves Singer Pakistan Limited

Singer has been around in the subcontinent for over a century. It was in 1877 when the first Singer sewing machine was put up for sale at a Singer store. Over the years, it has diversified its portfolio to encompass several brands across a range of househ
Published 29 Aug, 2018 12:00am
Waves Singer Pakistan Limited
Mutual Funds

Waves Singer Pakistan Limited

Singer has been around in the subcontinent for over a century. It was in 1877 when the first Singer sewing machine was put up for sale at a Singer store. Over the years, it has diversified its portfolio to encompass several brands across a range of househ
Published 29 Aug, 2018 12:00am
Emirates introduces new range of toys on board

Emirates introduces new range of toys on board

Emirates has introduced new toys from the Emirates Fly with Me collection and Lonely Planet Kids activity kit bags for children travelling in all classes. The new range of toys will come in the top four favourite characters, as voted by customers and fans
Published 29 Aug, 2018 12:00am
USAID's report on vocational training in S Punjab released

USAID's report on vocational training in S Punjab released

USAID's Punjab Youth Workforce Development (PYWD) project presented its recently published Technical and Vocational Education and Training (TVET) Skills Gap Analysis Report -the most up-to-date account of current and future employment trends in four distr
Published 29 Aug, 2018 12:00am
CM directs for improving facility at Mian Channu's hospital

CM directs for improving facility at Mian Channu's hospital

Punjab Chief Minister Sardar Usman Buzdar made his first visit to Tehsil Headquarters Hospital Mian Channu to inspect the medical facilities being provided in the rural areas of south Punjab. He inspected the emergency ward, OPD and other wards of the hos
Published 29 Aug, 2018 12:00am
Quality education: PU admin holds meeting with affiliated colleges

Quality education: PU admin holds meeting with affiliated colleges

On the instructions of PU Vice Chancellor Prof Niaz Ahmad Akhtar, PU administration has organized meeting with principals and representatives of affiliated colleges to improve quality of education for the first time in PU's history. The meeting was organi
Published 29 Aug, 2018 12:00am
IWT moot: Indian delegation arrives

IWT moot: Indian delegation arrives

A nine-member Indian delegations arrived in the city on Tuesday to discuss construction of two Indian power projects under the Indus Water Treaty. The delegation arrived via Wagah Border led by Indian Water Commissioner P K Saxena. It was received by Acti
Published 29 Aug, 2018 12:00am
PIA's first post-Hajj flight to Lahore arrives

PIA's first post-Hajj flight to Lahore arrives

PIA's first Post-Hajj flight PK3004 for Lahore arrived in the early hours of Tuesday carrying 329 Hujjaj. The Hujjaj of first Post- Hajj flight are received by District Manager Lahore Omer Nawaz Goraya, Station Manager Amir Malik, Ticket office Manager Ta
Published 29 Aug, 2018 12:00am
Minister denies role of PM, CM in DPO's suspension

Minister denies role of PM, CM in DPO's suspension

Denying the role of Prime Minister Imran Khan and Punjab Chief Minister Usman Buzdar in 'controversial' suspension of Pakpattan District Police Officer (DPO) Rizwan Umar Gondal, Punjab Information Minister Fayaz-ul-Hasan Chohan termed the matter as an int
Published 29 Aug, 2018 12:00am
PITB's e-ticketing system collects Rs 8.2 billion

PITB's e-ticketing system collects Rs 8.2 billion

A number of 18 million e-challans have been issued through Punjab Information Technology Board (PITB)'s e-Ticketing System developed for National Highway and Motorway Police (NHMP) collecting a sum of Rs 8.2 billion, which has improved the efficiency of t
Published 29 Aug, 2018 12:00am
FCCI hopes Buzdar will help resolve Faisalabad's issues

FCCI hopes Buzdar will help resolve Faisalabad's issues

Shabbir Hussain Chawla President Faisalabad Chamber of Commerce & Industry (FCCI) has welcomed the expected and maiden visit of Chief Minister of Punjab Usman Buzdar and hoped that he will give clear directions to the local administration to resolve the p
Published 29 Aug, 2018 12:00am
Call to impose taxes on Afghan nationals' businesses

Call to impose taxes on Afghan nationals' businesses

All Pakistan Commercial Exporters Association has urged government to expel the Afghan nationals or impose tax on their business because in the prevailing situation the local exporters will be unable to compete the foreigners.
Published 29 Aug, 2018 12:00am
Survey shows many local cigarette brands flout health warning laws

Survey shows many local cigarette brands flout health warning laws

A recently conducted market survey has identified that majority of the brands of local cigarette manufacturers in Pakistan are still non-compliant with the latest Pictorial Health Warning law. Experts told Business Recorder here on Monday that in a
Published 29 Aug, 2018 12:00am
Government may place CPEC projects' details before Parliament

Government may place CPEC projects' details before Parliament

The new government is likely to place details of China-Pakistan Economic Corridor (CPEC) projects before Parliament for transparency, sources in the Ministry of Planning, Development and Reforms told Business Recorder.
Published 29 Aug, 2018 12:00am
Obituary

Obituary

Speaker National Assembly Asad Qaiser and Deputy Speaker Muhammad Qasim Khan Suri on Tuesday condoled the death of father of Zulfiqar Gurmani Bureau Chief KTN and Nadir Gurmani Senior Correspondent Dawn TV.
Published 29 Aug, 2018 12:00am
KPOGCL, CECOS University sign MoU

KPOGCL, CECOS University sign MoU

Khyber Pakhtunkhwa Oil and Gas Company Limited (KPOGCL) and CECOS University Peshawar have entered an agreement to explore the use of cutting-edge biological technologies for oil and gas exploration in the province.
Published 29 Aug, 2018 12:00am
Pakistani envoy, US diplomat discuss energy cooperation

Pakistani envoy, US diplomat discuss energy cooperation

Ambassador of Pakistan to the United States Ali Jahangir Siddiqui and Assistant for Energy Resources at US Department of State Francis Fannon met on Tuesday and discussed matters pertaining to energy resources.
Published 29 Aug, 2018 12:00am
CCP directs Lahore-based café to stop use of 'Starbucks' logo

CCP directs Lahore-based café to stop use of 'Starbucks' logo

The Competition Commission of Pakistan (CCP) has issued an interim order directing a Lahore-based café, Options International (SMC-Pvt) Limited, to immediately stop using "STARBUCKS" logo in the advertising material for its coffee products.
Published 29 Aug, 2018 12:00am
MKP holds demo against forced eviction of farmers

MKP holds demo against forced eviction of farmers

Farmers and workers of various political parties held a protest demonstration against arrest of tenants and forcefully evicting hundreds of farmers from their houses at the behest of land owners in parts of Charsadda district. The demonstration was arrang
Published 29 Aug, 2018 12:00am
Pakistan Post: Senate panel to review sale of residential quarters

Pakistan Post: Senate panel to review sale of residential quarters

The Senate Standing Committee on Postal Services has decided to review sale of 133 residential quarters, worth Rs 3 billion, of Pakistan Post in its next meeting. The meeting of the committee was held here at the Parliament Lodges with Senator Khushbakhat
Published 29 Aug, 2018 12:00am
Cotton crop's yield may cross 14.23 million bales
Cotton

Cotton crop's yield may cross 14.23 million bales

Cotton crop output during the current season was expected to cross 14.23 million bales as the area under crop cultivation had witnessed over 2 percent increase during the period under review as compared the same period of last year. Due to favourable weat
Published 29 Aug, 2018 12:00am
Telenor announces new business model for B2B services

Telenor announces new business model for B2B services

Telenor Pakistan has announced its new and forthcoming business model for B2B (Business to Business) services which will see the formation of new division to be led by Haroon Bhatti as its first chief business officer. The Telenor Pakistan believes there
Published 29 Aug, 2018 12:00am
Faysal Bank signs agreement with Jubilee General Takaful

Faysal Bank signs agreement with Jubilee General Takaful

Faysal Bank Limited, one of the leading banks of Pakistan, has signed a distribution agreement with Jubilee General - Window Takaful Operations. This agreement will pave the way for launch of numerous Takaful offerings to be distributed to Faysal Bank cus
Published 29 Aug, 2018 12:00am
Kamal demands fresh census in Karachi, Hyderabad

Kamal demands fresh census in Karachi, Hyderabad

Chairman Pak Sarzameen Party (PSP) Syed Mustafa Kamal on Tuesday demanded that census in Karachi and Hyderabad be declared null and void and fresh census in both cities be carried out. Addressing a press conference here, he congratulated Imran Khan for hi
Published 29 Aug, 2018 12:00am
Officials urged to set up NGOs data bank

Officials urged to set up NGOs data bank

Sindh Minister for Social Affairs, Prisons and Minorities Affairs Hari Ram Kishori Lal has directed relevant officials to prepare the "Data Bank" of all NGOs with their details in order to ensure their regular monitoring. "Categorisation of NGOs should be
Published 29 Aug, 2018 12:00am
Anwar Majeed, son sent to jail on judicial remand

Anwar Majeed, son sent to jail on judicial remand

A banking court on Tuesday sent Anwar Majeed, Chairman Omni Group and his son Abdul Ghani Majeed to jail on judicial remand in a money laundering case. When the court resumed the hearing of the money laundering case, the counsel for accused prayed the cou
Published 29 Aug, 2018 12:00am
Tsunami threat: Pakistan to take part in mock exercises

Tsunami threat: Pakistan to take part in mock exercises

Pakistan is set to take part in mock tsunami warning exercise with some 20 other countries in the Indian Ocean Rim on September 4 and September 5, 2018, The Met Office has said. "Pakistan will begin exercise the Makran Trench scenario on 4th September 201
Published 29 Aug, 2018 12:00am
StanChart (Pakistan) earns Rs 5.2 billion profit after tax in H1

StanChart (Pakistan) earns Rs 5.2 billion profit after tax in H1

Standard Chartered Bank (Pakistan) Limited has announced its first half of 2018 Results. The Bank declared a profit after tax of Rs 5.2 billion in the half year of 2018, which has increased 3 percent year-on-year. Client revenue has increased by 10 per ce
Published 29 Aug, 2018 12:00am
StanChart (Pakistan) earns Rs 5.2 billion profit after tax in H1

StanChart (Pakistan) earns Rs 5.2 billion profit after tax in H1

Standard Chartered Bank (Pakistan) Limited has announced its first half of 2018 Results. The Bank declared a profit after tax of Rs 5.2 billion in the half year of 2018, which has increased 3 percent year-on-year. Client revenue has increased by 10 per ce
Published 29 Aug, 2018 12:00am
Petition filed against Alvi for tempering with court record

Petition filed against Alvi for tempering with court record

A petition was filed in Sindh High Court (SHC) on Tuesday against Dr Arif Alvi, Pakistan Tehreek-e-Insaf (PTI)'s nominee for the presidential election accusing him of tempering with the court record pleading the court to refrain him from contesting presid
Published 29 Aug, 2018 12:00am
Towel export shows One percent growth in July

Towel export shows One percent growth in July

The country's towel export remained almost stagnant with just one percent growth to $ 51.707 million in July 2018, official figures say. Growth in towel export stands at $260,000 in July 2018 from $51.447 million in July 2017, Pakistan Bureau of Statistic
Published 29 Aug, 2018 12:00am
Minister orders strict action against absentees

Minister orders strict action against absentees

Sindh Minister for Revenue and Relief, Makhdoom Mehboobuzzaman, has said that people will see positive changes in services of revenue department and get relief. Talking to the media during his surprise visit to the revenue department, he said, we are goin
Published 29 Aug, 2018 12:00am
CM told Drought badly hit Sindh's seven districts

CM told Drought badly hit Sindh's seven districts

More than 315 dehs in seven districts of Sindh province have been stricken by drought, it was revealed at a high level meeting chaired by Sindh Chief Minister Syed Murad Ali Shah who expressed anger over poor performance of concerned departments in this c
Published 29 Aug, 2018 12:00am
Government to take all measures to facilitate foreign media: Fawad

Government to take all measures to facilitate foreign media: Fawad

Federal Minister for Information and Broadcasting Fawad Ahmed Chaudhry said the government would take all necessary measures to facilitate and ensure easy access to foreign media in Pakistan. The country, he said, had a rich and unique cultural heritage,
Published 29 Aug, 2018 12:00am
Alleged target killer shot dead

Alleged target killer shot dead

An alleged target killer was shot dead on Tuesday after an encounter with police in Ittehad Town area of Karachi. The SSP West said that the suspect named Zohaib belonged to the Muttahida Quami Movement-London (MQM-L). The suspect was released from prison
Published 29 Aug, 2018 12:00am
Contraband goods worth Rs 17.036 million seized

Contraband goods worth Rs 17.036 million seized

Model Customs Collectorate (MCC), Preventive on Tuesday claimed to have confiscated huge quantity of assorted contraband goods worth Rs 17.036 million from Jodia Bazaar. This was informed by Dr Iftikhar Collector MCC, Preventive at a press conference held
Published 29 Aug, 2018 12:00am
No plan to issue new-design banknotes: SBP

No plan to issue new-design banknotes: SBP

The State Bank of Pakistan (SBP) Tuesday denied rumors regarding issuing new design banknotes. Reference the news item circulating in social media regarding issuance of new design banknotes of different denominations, the SBP categorically and vehemently
Published 29 Aug, 2018 12:00am
Crackdown on illegal mini petrol pumps launched in Quetta

Crackdown on illegal mini petrol pumps launched in Quetta

On the directions of Federal Tax Ombudsman (FTO), Model Custom Collectorate (MCC) Quetta initiated a major crackdown on illegal foreign origin mini-petrol pumps in Quetta and its suburbs including Nawa Killi and Hanauruk areas. Sources told Business Re
Published 29 Aug, 2018 12:00am
Call to make pre-marriage thalassaemia test mandatory

Call to make pre-marriage thalassaemia test mandatory

Executive Director of Afzaal Memorial Thalassemia Foundation (AMTF), Ateequr Rehman, emphasized the need for making pre-marriage thalassemia test mandatory to prevent the masses from this deadly and fatal disease.
Published 29 Aug, 2018 12:00am
Hussain did not provide HME details, court told

Hussain did not provide HME details, court told

Despite repeated summonses, former Prime Minister Nawaz Sharif's son Hussain Nawaz had not provided documents of retained earnings and yearly cash flow of Hill Metals Establishment (HME) to joint investigation team (JIT) that probed the Panama Papers case
Published 29 Aug, 2018 12:00am
Federal offices to work from 9am-5pm

Federal offices to work from 9am-5pm

The establishment division on Tuesday issued directives to revise the working hours of federal government employees. According to notification, the new office timing, i.e, 9am to 5pm will be applicable with immediate effect. It is pertinent to mention her
Published 29 Aug, 2018 12:00am
Blasphemous cartoons: Pakistan seeks urgent meeting of OIC

Blasphemous cartoons: Pakistan seeks urgent meeting of OIC

Pakistan has requested for an urgent meeting of the permanent members of the Organization of Islamic Cooperation (OIC) to formulate a joint strategy regarding the blasphemous cartoons competition in the Netherlands.
Published 29 Aug, 2018 12:00am
PM should only be addressed as Imran Khan

PM should only be addressed as Imran Khan

The Cabinet Division has directed all the ministries and government departments to use short name of Prime Minister Imran Khan in official communication. The notification said the PM should only be addressed as Imran Khan instead of his complete name.
Published 29 Aug, 2018 12:00am
Air Chief, FM discuss security matters

Air Chief, FM discuss security matters

Chief of Air Staff, Air Chief Marshal Mujahid Anwar Khan called on Foreign Minister Shah Mehmood Qureshi here at the Ministry of Foreign Affairs on Tuesday. The Air Chief congratulated the Foreign Minister on his assumption of office as Foreign Minister o
Published 29 Aug, 2018 12:00am
Presidential election: PPP refuses to withdraw Aitzaz

Presidential election: PPP refuses to withdraw Aitzaz

Pakistan Peoples Party has refused to withdraw its candidate Senator Chaudhry Aitzaz Ahsan from the upcoming presidential election, it is learnt. The decision has been taken in a high-level meeting held here at Zardari House on Tuesday in the chair of PPP
Published 29 Aug, 2018 12:00am
Siraj for uniform education system

Siraj for uniform education system

Emir Jamaat-e-Islami (JI) Senator Sirajul Haq has said that the youth are the future and real asset of the country and a real change in the country is possible only through them. Addressing the Central Majlis-e-Shura of Islami Jamiat Talaba (IJT), the stu
Published 29 Aug, 2018 12:00am
Qureshi vows to protect rights under Indus Waters Treaty

Qureshi vows to protect rights under Indus Waters Treaty

Welcoming the Indus water commissioner-level talks between Pakistan and India, Foreign Minister Shah Mehmood Qureshi Tuesday said Pakistan's right under the Indus Waters Treaty (IWT) will be protected. Qureshi was speaking at the Senate to respond to the
Published 29 Aug, 2018 12:00am
Soneri Bank earns Rs 975.982 million profit after tax

Soneri Bank earns Rs 975.982 million profit after tax

Soneri Bank Limited posted a profit before tax of Rs. 1,624.265 million and profit after tax of Rs 975.982 million for the half year ended 30 June 2018. These amounts are higher than the corresponding period last year by 12.02 percent and 20.22 percent re
Published 29 Aug, 2018 12:00am
Soneri Bank earns Rs 975.982 million profit after tax

Soneri Bank earns Rs 975.982 million profit after tax

Soneri Bank Limited posted a profit before tax of Rs. 1,624.265 million and profit after tax of Rs 975.982 million for the half year ended 30 June 2018. These amounts are higher than the corresponding period last year by 12.02 percent and 20.22 percent re
Published 29 Aug, 2018 12:00am
The Weather

The Weather

The weather report on Tuesday (August 28, 2018) and the forecast for Wednesday (August 29, 2018).

Published 29 Aug, 2018 12:00am
'Economic imperatives'

'Economic imperatives'

In his yesterday's op-ed for Business Recorder, noted economist Dr Hafiz A Pasha has heaped a lot of praise on PTI government's economic team. According to him, "A credible economic team has been put in place. The Finance Minister, Asad Umar, is a leader
Published 29 Aug, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (August 28, 2018).

Published 29 Aug, 2018 12:00am
US, Canada set for talks to revise NAFTA

US, Canada set for talks to revise NAFTA

With a deal with Mexico out of the way, US trade officials are due to resume talks with Canada on Tuesday to try to salvage the North American Free Trade Agreement as a trilateral accord.
Published 29 Aug, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (August 28, 2018).

Published 29 Aug, 2018 12:00am
Bringing back 'ill-gotten' wealth
Currency

Bringing back 'ill-gotten' wealth

The task force set up by the PTI government for bringing back what is called the 'ill-gotten' wealth of Pakistanis parked in foreign countries has already held its first meeting early this week. Meanwhile, the Federal Bureau of Revenue (FBR) is expected t
Published 29 Aug, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (August 28, 2018)

Published 29 Aug, 2018 12:00am
New economic data: What does it tell us?

New economic data: What does it tell us?

Taking a break from our series on Short- and medium-term economic challenges, we reflect on the new information released for the month of July and a critical data relating to last completed fiscal year. These information clearly point to the fact that the
Published 29 Aug, 2018 12:00am
The issue of tobacco control

The issue of tobacco control

According to a press report, unhappy with the previous government's policy on the issue, anti-tobacco advocacy groups have now pinned hopes on the new government for the implementation of their demands aimed at discouraging smoking - a major cause of prem
Published 29 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 Tuesday (August 28, 2018).

Published 29 Aug, 2018 12:00am
Macroeconomic Alternatives

Macroeconomic Alternatives

The caretaker government had reportedly prepared possible policy options for the incoming PTI government to deal with unsustainable budget and current account deficits - budget deficit estimated at 7.1 percent of GDP and the current account of 18 billion
Published 29 Aug, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (August 28, 2018).

Published 29 Aug, 2018 12:00am
'Defence and Martyrs Day 2018' to be celebrated in unique manner: ISPR

'Defence and Martyrs Day 2018' to be celebrated in unique manner: ISPR

The Defence and Martyrs Day 2018 will be celebrated in a different and unique way on September 6 by remembering and saluting martyrs of the motherland and their families in a befitting manner. On the day, representatives of the nation would go to houses o
Published 29 Aug, 2018 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (August 28, 2018).

Published 29 Aug, 2018 12:00am
'Defence and Martyrs Day 2018' to be celebrated in unique manner: ISPR

'Defence and Martyrs Day 2018' to be celebrated in unique manner: ISPR

The Defence and Martyrs Day 2018 will be celebrated in a different and unique way on September 6 by remembering and saluting martyrs of the motherland and their families in a befitting manner. On the day, representatives of the nation would go to houses o
Published 29 Aug, 2018 12:00am
LHC order regarding jurisdiction in loan default case set aside

LHC order regarding jurisdiction in loan default case set aside

The Supreme Court held that the courts should do their best to ensure that there is effective redressal and recovery of finances and loans from the defaulting customers of financial institutions. The apex court set aside the Lahore High Court order regard
Published 29 Aug, 2018 12:00am
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