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Print - 2018-10-16
Customs health care society digs 650 wells for Tharis

Customs health care society digs 650 wells for Tharis

Customs Health Care Society (HCS) has dug as many as 650 water wells to provide potable water to the drought stricken people of Thar Desert, said Dr Asif Mehmood Jah (Sitara-e-Imtiaz) patron in chief of the Customs Health Care Society and Collector Faisal
Published 16 Oct, 2018 12:00am
Punjab Irrigation department closes all non-perennial canals

Punjab Irrigation department closes all non-perennial canals

Owing to over 38 percent estimated shortage of water for sowing, growing and maturing strategic six monthly Rabi crops the Punjab Irrigation department closed all its non-perennial canals across the province from October 15 to conserve available water for
Published 16 Oct, 2018 12:00am
Agriculture department to improve canal watercourses

Agriculture department to improve canal watercourses

Water management wing of the Punjab Agriculture Department will carry out the lining project of watercourses in the province as according to experts it can save 45 percent of the water losses. According to a departmental spokesman, lining of water channel
Published 16 Oct, 2018 12:00am
Naek nominated member of IPU unanimously

Naek nominated member of IPU unanimously

Senate of Pakistan, in its quest for promoting parliamentary diplomacy, has achieved another milestone as Senator Farooq H Naek has been unanimously nominated Member of the Inter-Parliamentary Union (IPU) Committee on United Nations (UN) Affairs.
Published 16 Oct, 2018 12:00am
KMC launches anti-measles campaign

KMC launches anti-measles campaign

Karachi Metropolitan Corporation (KMC) on Monday launched 13-day anti-measles campaigns in the city to protect children from the contagious disease. Mayor Karachi Waseem Akhtar and Metropolitan Corporation Dr Syed Saifur Rehman have asked the parents to b
Published 16 Oct, 2018 12:00am
Minister visits PIBT coal terminal

Minister visits PIBT coal terminal

The Federal Minister for Maritime Affairs, Syed Hyder Ali Zaidi visited the Pakistan International Bulk Terminal (PIBT). The minister was accompanied by the Chairman Port Qasim Authority, Asad Rafi Chandna, the Karachi Port Trust (KPT) Chairman Rear Admir
Published 16 Oct, 2018 12:00am
Ministry urged to form policy for improving games

Ministry urged to form policy for improving games

Ministry of Inter-Provincial Coordination Monday failed to reply the questions asked by the members of the Senate Standing Committee on Inter-Provincial Coordination. The committee met here with Senator Sardar Muhammad Yaqoob Khan Nasar in the chair at th
Published 16 Oct, 2018 12:00am
Bahria university holds conference on 'ECODE'

Bahria university holds conference on 'ECODE'

A two-day international conference on "Emerging Challenges for Organizations in Developing Economies (ECODE)" has been organized by Bahria University at Islamabad Campus. The conference is offering a platform for academicians, researchers, practitioners a
Published 16 Oct, 2018 12:00am
'New American Business Council Secretariat' inaugurated

'New American Business Council Secretariat' inaugurated

The new American Business Council of Pakistan's secretariat was recently inaugurated by JoAnne Wagner, the US Consul General of Karachi. The ABC was represented by Jamal Mir, President ABC and Executive Committee Members.
Published 16 Oct, 2018 12:00am
ICAP drafts recommendations for improving power sector situation

ICAP drafts recommendations for improving power sector situation

The Institute of Chartered Accountants of Pakistan (ICAP) has drafted its recommendations for government to improve situation in energy sector and have showed its disagreement over the plans to privatise DISCOs at this stage terming it more hazardous if d
Published 16 Oct, 2018 12:00am
Faysal Bank, Indus Motor Company sign MoU

Faysal Bank, Indus Motor Company sign MoU

Faysal Bank Limited (FBL), one of the leading banks in Pakistan recently signed a memorandum of understanding with Indus Motor Company Ltd. Both Indus Motor Company and Faysal Bank will support each other to promote sales and market their offerings to cus
Published 16 Oct, 2018 12:00am
SSGC continues operation against major offenders

SSGC continues operation against major offenders

Sui Southern Gas Company's (SSGC's) Counter Gas Theft Operations (CGTO) team continued to show zero tolerance to the customers involved in illegal use of gas. As part of Operation Grift, the team conducted several raids in Dadu in Sindh and Quetta, Baloch
Published 16 Oct, 2018 12:00am
German business team to visit Karachi from October 22

German business team to visit Karachi from October 22

A 30-member business delegation of Germany will visit Karachi from 22-23 October 2018 to see business opportunities and hold meeting with Pakistani business community. President of German Pakistan Chamber of Commerce & Industry (GPCCI), Qazi Sajid Ali sai
Published 16 Oct, 2018 12:00am
Pakistan to become measles-free by 2020: minister

Pakistan to become measles-free by 2020: minister

Punjab Health Minister Prof Dr Yasmin Rashid has said that Pakistan likely to become a measles-free country by 2020. She said this while addressing inaugural ceremony of measles eradication drive at Children Hospital on Monday. Advisor to CM Punjab on Hea
Published 16 Oct, 2018 12:00am
Pakistan world's most prolific executioner: JPP

Pakistan world's most prolific executioner: JPP

The Justice Project Pakistan (JPP), a non-government organisation working for legal advocacy for the poorest Pakistani prisoners, has found that Pakistan has sentenced 4,500 people to death and executed almost 821 persons at the rate of almost two inmates
Published 16 Oct, 2018 12:00am
Foreigners find Karachi peaceful and safe: Sindh Governor

Foreigners find Karachi peaceful and safe: Sindh Governor

"Foreigners visiting Karachi are finding it peaceful, safe, and vibrant. This has instilled confidence in them and has resulted in large numbers of foreign visitors attending events, conferences, and exhibitions. I assure not only foreigners but also peop
Published 16 Oct, 2018 12:00am
KP unveils surplus budget of Rs 648 billion for Fiscal year 2019

KP unveils surplus budget of Rs 648 billion for Fiscal year 2019

The Pakistan Tehreek-e-Insaf(PTI)-led government of Khyber Pakhtunkhwa on Monday unveiled a budget of Rs 648 billion for Financial Year 2018-19, with surplus amount of Rs 30 billion and development outlay of Rs 180 billion.
Published 16 Oct, 2018 12:00am
Haseeb Athar made FPSC chairman

Haseeb Athar made FPSC chairman

The federal government has appointed a retired secretary Haseeb Athar as chairman Federal Public Service Commission. Athar has been appointed for a period of two years. In another development, another grade-21 officer of Administrative Group Muhammad Ajma
Published 16 Oct, 2018 12:00am
Four more ministers inducted into Sindh Cabinet

Four more ministers inducted into Sindh Cabinet

Sindh Chief Minister Syed Murad Ali Shah expanded his cabinet on Monday by inducting four more ministers. Now the number of the provincial cabinet members has reached to 16 plus two advisors. Sindh Governor Imran Ismail administered oath to the new minist
Published 16 Oct, 2018 12:00am
Mansha Bomb arrested

Mansha Bomb arrested

Islamabad Police arrested absconding Mansha Bomb on Monday from the premises of Supreme Court. Mansha and his sons are accused of land grabbing in Lahore's Johar Town. Mansha was arrested by Secretariat police station and will be handed over to Punjab Pol
Published 16 Oct, 2018 12:00am
VCs condemn NAB for public humiliation of professors, teachers

VCs condemn NAB for public humiliation of professors, teachers

Over 65 vice chancellors from all over the country on Monday condemned the maltreatment and public humiliation of professors and teachers by National Accountability Bureau (NAB), besides urging the government to ensure autonomy of universities by stopping
Published 16 Oct, 2018 12:00am
Minister greets Fawaz Ahmed

Minister greets Fawaz Ahmed

Federal Minister for Planning, Development & Reform, Makhdoom Khusro Bakhtiar has congratulated Fawaz Ahmed on winning the Punjab provincial assembly seat from Rahim Yar Khan in recently held by-polls with a huge margin. The minister expressed gratitude t
Published 16 Oct, 2018 12:00am
'Democratic dynasties'

'Democratic dynasties'

This is apropos a Business Recorder editorial "Democratic dynasties" carried by the newspaper the other day. There is no doubt about the fact that the political landscape of South Asia is characterized by dynastic rule under democratic rubric, maki
Published 16 Oct, 2018 12:00am
Elections: by- and general
Currency

Elections: by- and general

The by-polls on 11 National Assembly and 24 provincial Assembly seats on October 14, 2018 were being seen as a referendum on the PTI-led coalition government's performance in its first almost two months in office. Seen in this light, the unofficial result
Published 16 Oct, 2018 12:00am
Going to IMF
Currency

Going to IMF

Pakistan is now definitely going to the IMF. The meeting recently of the Finance Minister with the IMF Managing Director in Bali confirms that a formal request has been placed for an IMF program. A staff Mission of the Fund will be coming to Pakistan on t
Published 16 Oct, 2018 12:00am
Justice system woes

Justice system woes

Chief Justice of Pakistan (CJP) Saqib Nisar while addressing a ceremony in connection with the Golden Jubilee anniversary of the Supreme Court Bar Association in Lahore on October 12, 2018 castigated judges' incompetence and failure to fulfill their respo
Published 16 Oct, 2018 12:00am
IMF's stipulation for transparency

IMF's stipulation for transparency

Christine Lagarde, Managing Director of the International Monetary Fund, during the recently held World Bank/IMF annual meeting in Indonesia stated that the Fund would need to know the extent and composition of a country's debt, including sovereign debt a
Published 16 Oct, 2018 12:00am
Issuance of NSC to SEPTEMBER: Meeting rescheduled for today

Issuance of NSC to SEPTEMBER: Meeting rescheduled for today

A high-level committee meeting headed by Abdul Razak Dawood, Prime Minister''s Advisor, has been rescheduled for Tuesday(today) to discuss the issuance of National Security Certificate (NSC) to Chinese company M/s Shanghai Electric Power (SEP) for purchas
Published 16 Oct, 2018 12:00am
Issuance of NSC to SEPTEMBER: Meeting rescheduled for today

Issuance of NSC to SEPTEMBER: Meeting rescheduled for today

A high-level committee meeting headed by Abdul Razak Dawood, Prime Minister's Advisor, has been rescheduled for Tuesday(today) to discuss the issuance of National Security Certificate (NSC) to Chinese company M/s Shanghai Electric Power (SEP) for purchase
Published 16 Oct, 2018 12:00am
Issuance of NSC to SEPTEMBER: Meeting rescheduled for today

Issuance of NSC to SEPTEMBER: Meeting rescheduled for today

A high-level committee meeting headed by Abdul Razak Dawood, Prime Minister's Advisor, has been rescheduled for Tuesday(today) to discuss the issuance of National Security Certificate (NSC) to Chinese company M/s Shanghai Electric Power (SEP) for purchase
Published 16 Oct, 2018 12:00am
M.J. Akbar sues woman alleging sexual harassment for defamation

M.J. Akbar sues woman alleging sexual harassment for defamation

Indian government minister M.J. Akbar filed a defamation suit on Monday against one of at least 10 women who have accused him of sexual harassment, calling her allegations false and malicious. The lawsuit, a copy of which was reviewed by Reuters, names jo
Published 16 Oct, 2018 12:00am
M.J. Akbar sues woman alleging sexual harassment for defamation

M.J. Akbar sues woman alleging sexual harassment for defamation

Indian government minister M.J. Akbar filed a defamation suit on Monday against one of at least 10 women who have accused him of sexual harassment, calling her allegations false and malicious. The lawsuit, a copy of which was reviewed by Reuters, names jo
Published 16 Oct, 2018 12:00am
Shafqat posted as Additional Secretary Incharge Information Division

Shafqat posted as Additional Secretary Incharge Information Division

The federal government on Monday appointed Shafqat Jalil, a Grade-21 officer of Information Group presently posted as Additional Secretary, Information & Broadcasting Division is transferred and posted as Additional Secretary Incharge Information and Broa
Published 16 Oct, 2018 12:00am
Shafqat posted as Additional Secretary Incharge Information Division

Shafqat posted as Additional Secretary Incharge Information Division

The federal government on Monday appointed Shafqat Jalil, a Grade-21 officer of Information Group presently posted as Additional Secretary, Information & Broadcasting Division is transferred and posted as Additional Secretary Incharge Information and Broa
Published 16 Oct, 2018 12:00am
Jordan and Syria reopen Nassib border crossing

Jordan and Syria reopen Nassib border crossing

The border crossing between Jordan and Syria opened to people and goods on Monday after being closed for three years, reopening a route that used to carry billions of dollars of trade for countries across the region. The Nassib crossing opened at 8 a.m. (
Published 16 Oct, 2018 12:00am
Jordan and Syria reopen Nassib border crossing

Jordan and Syria reopen Nassib border crossing

The border crossing between Jordan and Syria opened to people and goods on Monday after being closed for three years, reopening a route that used to carry billions of dollars of trade for countries across the region. The Nassib crossing opened at 8 a.m. (
Published 16 Oct, 2018 12:00am
India, China launch training for Afghanistan, plan more projects

India, China launch training for Afghanistan, plan more projects

India and China launched a programme on Monday to train Afghan diplomats and China's ambassador said it would likely be followed by joint programmes in other fields to help war-torn Afghanistan. Such cooperation is the first by the two Asian giants which
Published 16 Oct, 2018 12:00am
India, China launch training for Afghanistan, plan more projects

India, China launch training for Afghanistan, plan more projects

India and China launched a programme on Monday to train Afghan diplomats and China's ambassador said it would likely be followed by joint programmes in other fields to help war-torn Afghanistan. Such cooperation is the first by the two Asian giants which
Published 16 Oct, 2018 12:00am
Naushaba made acting president & CEO FWBL

Naushaba made acting president & CEO FWBL

Naushaba Shahzad Executive Vice President will be the Acting President & CEO of the First Women Bank Ltd Bank(FWBL). In pursuance of the Federal Cabinet''s decision taken in its meeting held on October 4, 2018 the reappointment of Tahira Raza President/CE
Published 16 Oct, 2018 12:00am
Naushaba made acting president & CEO FWBL

Naushaba made acting president & CEO FWBL

Naushaba Shahzad Executive Vice President will be the Acting President & CEO of the First Women Bank Ltd Bank(FWBL). In pursuance of the Federal Cabinet's decision taken in its meeting held on October 4, 2018 the reappointment of Tahira Raza President/CEO
Published 16 Oct, 2018 12:00am
Naushaba made acting president & CEO FWBL

Naushaba made acting president & CEO FWBL

Naushaba Shahzad Executive Vice President will be the Acting President & CEO of the First Women Bank Ltd Bank(FWBL). In pursuance of the Federal Cabinet's decision taken in its meeting held on October 4, 2018 the reappointment of Tahira Raza President/CEO
Published 16 Oct, 2018 12:00am
China supports IMF''s cooperation

China supports IMF''s cooperation

China will support IMF''s cooperation with Pakistan and will provide it an objective assessment of the country''s current situation in a professional spirit. As a member of the IMF, we support this World body in assisting the Pakistani government to prope
Published 16 Oct, 2018 12:00am
China supports IMF's cooperation

China supports IMF's cooperation

China will support IMF's cooperation with Pakistan and will provide it an objective assessment of the country's current situation in a professional spirit. As a member of the IMF, we support this World body in assisting the Pakistani government to properl
Published 16 Oct, 2018 12:00am
China supports IMF's cooperation

China supports IMF's cooperation

China will support IMF's cooperation with Pakistan and will provide it an objective assessment of the country's current situation in a professional spirit. As a member of the IMF, we support this World body in assisting the Pakistani government to properl
Published 16 Oct, 2018 12:00am
Amnesty scheme: Ordinance or bill to provide option

Amnesty scheme: Ordinance or bill to provide option

The government may promulgate a presidential ordinance or present a bill in the Parliament to provide an option to the persons who had submitted tax payment slips i.e. PSIDs till July 31, 2018 but were unable to submit their declarations for legalisation
Published 16 Oct, 2018 12:00am
Amnesty scheme: Ordinance or bill to provide option

Amnesty scheme: Ordinance or bill to provide option

The government may promulgate a presidential ordinance or present a bill in the Parliament to provide an option to the persons who had submitted tax payment slips i.e. PSIDs till July 31, 2018 but were unable to submit their declarations for legalisation
Published 16 Oct, 2018 12:00am
Amnesty scheme: Ordinance or bill to provide option

Amnesty scheme: Ordinance or bill to provide option

The government may promulgate a presidential ordinance or present a bill in the Parliament to provide an option to the persons who had submitted tax payment slips i.e. PSIDs till July 31, 2018 but were unable to submit their declarations for legalisation
Published 16 Oct, 2018 12:00am
The Weather

The Weather

The weather report on Monday (October 15, 2018) and the forecast for Tuesday (October 16, 2018).

Published 16 Oct, 2018 12:00am
IMF bailout could face delay

IMF bailout could face delay

International Monetary Fund''s (IMF''s) senior management and the Board of Directors can expedite or delay the processing of a bailout package, well-informed sources told Business Recorder. There are no hard and fast rules as to the processing time
Published 16 Oct, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (October 15, 2018).

Published 16 Oct, 2018 12:00am
IMF bailout could face delay

IMF bailout could face delay

International Monetary Fund's (IMF's) senior management and the Board of Directors can expedite or delay the processing of a bailout package, well-informed sources told Business Recorder. There are no hard and fast rules as to the processing time,
Published 16 Oct, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (October 15, 2018).

Published 16 Oct, 2018 12:00am
IMF bailout could face delay

IMF bailout could face delay

International Monetary Fund's (IMF's) senior management and the Board of Directors can expedite or delay the processing of a bailout package, well-informed sources told Business Recorder. There are no hard and fast rules as to the processing time,
Published 16 Oct, 2018 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 16 Oct, 2018 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 16 Oct, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (October 15, 2018).

Published 16 Oct, 2018 12:00am
BRIndex100 down 76.3 points

BRIndex100 down 76.3 points

Pakistan Stock Exchange Monday remained under heavy pressure due to selling in various sectors. BRIndex100 lost 76.3 points or 1.94 percent to close at 3,859.15 points. BRIndex100 touched intraday high of 3,935.45 and intraday low of 3,794.42 points. Volu
Published 16 Oct, 2018 12:00am
BRIndex100 down 76.3 points

BRIndex100 down 76.3 points

Pakistan Stock Exchange Monday remained under heavy pressure due to selling in various sectors. BRIndex100 lost 76.3 points or 1.94 percent to close at 3,859.15 points. BRIndex100 touched intraday high of 3,935.45 and intraday low of 3,794.42 points. Volu
Published 16 Oct, 2018 12:00am
BRIndex100 down 76.3 points

BRIndex100 down 76.3 points

Pakistan Stock Exchange Monday remained under heavy pressure due to selling in various sectors. BRIndex100 lost 76.3 points or 1.94 percent to close at 3,859.15 points. BRIndex100 touched intraday high of 3,935.45 and intraday low of 3,794.42 points. Volu
Published 16 Oct, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (October 15, 2018)

Published 16 Oct, 2018 12:00am
Turkey searches Saudi consulate as Trump speaks of 'rogue killers'

Turkey searches Saudi consulate as Trump speaks of 'rogue killers'

US President Donald Trump speculated on Monday that "rogue killers" may have been behind the disappearance of prominent Saudi journalist Jamal Khashoggi and dispatched Secretary of State Mike Pompeo to meet King Salman over the case.
Published 16 Oct, 2018 12:00am
Turkey searches Saudi consulate as Trump speaks of 'rogue killers'

Turkey searches Saudi consulate as Trump speaks of 'rogue killers'

US President Donald Trump speculated on Monday that "rogue killers" may have been behind the disappearance of prominent Saudi journalist Jamal Khashoggi and dispatched Secretary of State Mike Pompeo to meet King Salman over the case.
Published 16 Oct, 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 (October 15, 2018).

Published 16 Oct, 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 (October 15, 2018).

Published 16 Oct, 2018 12:00am
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