News Archives for Print - 2018-11-04 - Business Recorder

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Print - 2018-11-04

Buffett''s Berkshire doubles profit, repurchases $900 million stock in Q3

Buffett''s Berkshire doubles profit, repurchases $900 million stock in Q3

Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said its quarterly operating profit nearly doubled as its insurance business dodged hurricanes and benefited from lower taxes. The strong result gives Buffett more cas

Published 04 Nov, 2018 12:00am

Buffett''''s Berkshire doubles profit, repurchases $900 million stock in Q3

Buffett''''s Berkshire doubles profit, repurchases $900 million stock in Q3

Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said its quarterly operating profit nearly doubled as its insurance business dodged hurricanes and benefited from lower taxes. The strong result gives Buffett more cas

Published 04 Nov, 2018 12:00am

Trump says 'I think we'll make a deal with China' on trade

Trump says 'I think we'll make a deal with China' on trade

US President Donald Trump said on Friday that he will likely make a deal with China on trade, adding that a lot of progress had been made to resolve the two countries' differences but warning that he still may impose more tariffs on Chinese goods. "China

Published 04 Nov, 2018 12:00am

Trump says 'I think we'll make a deal with China' on trade

Trump says 'I think we'll make a deal with China' on trade

US President Donald Trump said on Friday that he will likely make a deal with China on trade, adding that a lot of progress had been made to resolve the two countries' differences but warning that he still may impose more tariffs on Chinese goods. "China

Published 04 Nov, 2018 12:00am

Trump says ''I think we''ll make a deal with China'' on trade

Trump says ''I think we''ll make a deal with China'' on trade

US President Donald Trump said on Friday that he will likely make a deal with China on trade, adding that a lot of progress had been made to resolve the two countries'' differences but warning that he still may impose more tariffs on Chinese goods. "China

Published 04 Nov, 2018 12:00am

Shariah Index: PSX to conduct screening of listed companies

Shariah Index: PSX to conduct screening of listed companies

Pakistan Stock Exchange Limited (Exchange) will conduct the Shariah screening of listed companies for the purpose of a Shariah Index and shall ensure that all such companies comply with these regulations by June 30, 2019. Under the Shariah Governance Regu

Published 04 Nov, 2018 12:00am

Shariah Index: PSX to conduct screening of listed companies

Shariah Index: PSX to conduct screening of listed companies

Pakistan Stock Exchange Limited (Exchange) will conduct the Shariah screening of listed companies for the purpose of a Shariah Index and shall ensure that all such companies comply with these regulations by June 30, 2019. Under the Shariah Governance Regu

Published 04 Nov, 2018 12:00am

Shariah Index: PSX to conduct screening of listed companies

Shariah Index: PSX to conduct screening of listed companies

Pakistan Stock Exchange Limited (Exchange) will conduct the Shariah screening of listed companies for the purpose of a Shariah Index and shall ensure that all such companies comply with these regulations by June 30, 2019. Under the Shariah Governance Regu

Published 04 Nov, 2018 12:00am

Rules unveiled: Income of Shariah-compliant co to be purified: SECP

Rules unveiled: Income of Shariah-compliant co to be purified: SECP

The income of a Shariah-compliant company shall be purified by deducting the amount of Shariah non-compliant income from the total income. The Securities and Exchange Commission of Pakistan (SECP) has issued Shariah Governance Regulations, 2018 in this re

Published 04 Nov, 2018 12:00am

Rules unveiled: Income of Shariah-compliant co to be purified: SECP

Rules unveiled: Income of Shariah-compliant co to be purified: SECP

The income of a Shariah-compliant company shall be purified by deducting the amount of Shariah non-compliant income from the total income. The Securities and Exchange Commission of Pakistan (SECP) has issued Shariah Governance Regulations, 2018 in this re

Published 04 Nov, 2018 12:00am

Rules unveiled: Income of Shariah-compliant co to be purified: SECP

Rules unveiled: Income of Shariah-compliant co to be purified: SECP

The income of a Shariah-compliant company shall be purified by deducting the amount of Shariah non-compliant income from the total income. The Securities and Exchange Commission of Pakistan (SECP) has issued Shariah Governance Regulations, 2018 in this re

Published 04 Nov, 2018 12:00am

With eye on aid, PM meets Li

With eye on aid, PM meets Li

China agreed to "firmly move forward" infrastructure projects in Pakistan, following a meeting between Pakistani Prime Minister Imran Khan and his Chinese counterpart Li Keqiang Saturday, as the South Asian nation seeks to stave off a financial crisis wit

Published 04 Nov, 2018 12:00am

With eye on aid, PM meets Li

With eye on aid, PM meets Li

China agreed to "firmly move forward" infrastructure projects in Pakistan, following a meeting between Pakistani Prime Minister Imran Khan and his Chinese counterpart Li Keqiang Saturday, as the South Asian nation seeks to stave off a financial crisis wit

Published 04 Nov, 2018 12:00am

With eye on aid, PM meets Li

With eye on aid, PM meets Li

China agreed to "firmly move forward" infrastructure projects in Pakistan, following a meeting between Pakistani Prime Minister Imran Khan and his Chinese counterpart Li Keqiang Saturday, as the South Asian nation seeks to stave off a financial crisis wit

Published 04 Nov, 2018 12:00am

With eye on aid, PM meets Li

With eye on aid, PM meets Li

China agreed to "firmly move forward" infrastructure projects in Pakistan, following a meeting between Pakistani Prime Minister Imran Khan and his Chinese counterpart Li Keqiang Saturday, as the South Asian nation seeks to stave off a financial crisis wit

Published 04 Nov, 2018 12:00am

Chinese business heads meet PM

Chinese business heads meet PM

Heads of major Chinese business groups have called on Prime Minister Imran Khan in Beijing. The executives included China Railways Construction Corporation (CRCC) Chairman Chen Fenjian, Bank of China Group (BOCG) chairman Chen Siqing, Power China chairman

Published 04 Nov, 2018 12:00am

Chinese business heads meet PM

Chinese business heads meet PM

Heads of major Chinese business groups have called on Prime Minister Imran Khan in Beijing. The executives included China Railways Construction Corporation (CRCC) Chairman Chen Fenjian, Bank of China Group (BOCG) chairman Chen Siqing, Power China chairman

Published 04 Nov, 2018 12:00am

Chinese business heads meet PM

Chinese business heads meet PM

Heads of major Chinese business groups have called on Prime Minister Imran Khan in Beijing. The executives included China Railways Construction Corporation (CRCC) Chairman Chen Fenjian, Bank of China Group (BOCG) chairman Chen Siqing, Power China chairman

Published 04 Nov, 2018 12:00am

China says more talks needed

China says more talks needed

China will provide Pakistan with economic aid but more talks will take place to fix the details, a senior Chinese diplomat said, after Prime Minister Imran Khan met Chinese Premier Li Keqiang on Saturday. Pakistan's foreign reserves have plunged 42 percen

Published 04 Nov, 2018 12:00am

China says more talks needed

China says more talks needed

China will provide Pakistan with economic aid but more talks will take place to fix the details, a senior Chinese diplomat said, after Prime Minister Imran Khan met Chinese Premier Li Keqiang on Saturday. Pakistan's foreign reserves have plunged 42 percen

Published 04 Nov, 2018 12:00am

China says more talks needed

China says more talks needed

China will provide Pakistan with economic aid but more talks will take place to fix the details, a senior Chinese diplomat said, after Prime Minister Imran Khan met Chinese Premier Li Keqiang on Saturday. Pakistan''s foreign reserves have plunged 42 perce

Published 04 Nov, 2018 12:00am

15 agreements, documents of cooperation signed

15 agreements, documents of cooperation signed

Pakistan and China on Saturday signed 15 various agreements and documents to further deepen the bilateral cooperation in multiple spheres. The documents were signed during the visit of Prime Minister Imran Khan to China at a ceremony held at Great Hall of

Published 04 Nov, 2018 12:00am

15 agreements, documents of cooperation signed

15 agreements, documents of cooperation signed

Pakistan and China on Saturday signed 15 various agreements and documents to further deepen the bilateral cooperation in multiple spheres. The documents were signed during the visit of Prime Minister Imran Khan to China at a ceremony held at Great Hall of

Published 04 Nov, 2018 12:00am

15 agreements, documents of cooperation signed

15 agreements, documents of cooperation signed

Pakistan and China on Saturday signed 15 various agreements and documents to further deepen the bilateral cooperation in multiple spheres. The documents were signed during the visit of Prime Minister Imran Khan to China at a ceremony held at Great Hall of

Published 04 Nov, 2018 12:00am

15 agreements, documents of cooperation signed

15 agreements, documents of cooperation signed

Pakistan and China on Saturday signed 15 various agreements and documents to further deepen the bilateral cooperation in multiple spheres. The documents were signed during the visit of Prime Minister Imran Khan to China at a ceremony held at Great Hall of

Published 04 Nov, 2018 12:00am

Grants, interest-free loans: JWG to be set up under CPEC

Grants, interest-free loans: JWG to be set up under CPEC

Pakistan and China have agreed to establish a Joint Working Group to implement grants and interest-free loans in poverty alleviation, water supply, agriculture, education and medical treatment to be extended under China Pakistan Economic Corridor (CPEC).

Published 04 Nov, 2018 12:00am

Grants, interest-free loans: JWG to be set up under CPEC

Grants, interest-free loans: JWG to be set up under CPEC

Pakistan and China have agreed to establish a Joint Working Group to implement grants and interest-free loans in poverty alleviation, water supply, agriculture, education and medical treatment to be extended under China Pakistan Economic Corridor (CPEC).

Published 04 Nov, 2018 12:00am

Grants, interest-free loans: JWG to be set up under CPEC

Grants, interest-free loans: JWG to be set up under CPEC

Pakistan and China have agreed to establish a Joint Working Group to implement grants and interest-free loans in poverty alleviation, water supply, agriculture, education and medical treatment to be extended under China Pakistan Economic Corridor (CPEC).

Published 04 Nov, 2018 12:00am

Tax reforms: FBR may brief PM on roadmap on November 7

Tax reforms: FBR may brief PM on roadmap on November 7

The Federal Board of Revenue (FBR) is likely to brief Prime Minister Imran Khan on Wednesday (November 7) on the roadmap for reforms in tax administration, increase in revenue collection, action against tax evaders, and expansion in the tax-base and tax-t

Published 04 Nov, 2018 12:00am

Tax reforms: FBR may brief PM on roadmap on November 7

Tax reforms: FBR may brief PM on roadmap on November 7

The Federal Board of Revenue (FBR) is likely to brief Prime Minister Imran Khan on Wednesday (November 7) on the roadmap for reforms in tax administration, increase in revenue collection, action against tax evaders, and expansion in the tax-base and tax-t

Published 04 Nov, 2018 12:00am

Tax reforms: FBR may brief PM on roadmap on November 7

Tax reforms: FBR may brief PM on roadmap on November 7

The Federal Board of Revenue (FBR) is likely to brief Prime Minister Imran Khan on Wednesday (November 7) on the roadmap for reforms in tax administration, increase in revenue collection, action against tax evaders, and expansion in the tax-base and tax-t

Published 04 Nov, 2018 12:00am

Rs 105.5 billion released under PSDP

Rs 105.5 billion released under PSDP

The federal government has released Rs 105.5 billon (15.63pc) including Rs 30.34 billion foreign aid for different development projects under the Public Sector Development Programme (PSDP) 2018-19 against the total budgeted allocation of Rs 675 billion.

Published 04 Nov, 2018 12:00am

Rs 105.5 billion released under PSDP

Rs 105.5 billion released under PSDP

The federal government has released Rs 105.5 billon (15.63pc) including Rs 30.34 billion foreign aid for different development projects under the Public Sector Development Programme (PSDP) 2018-19 against the total budgeted allocation of Rs 675 billion.

Published 04 Nov, 2018 12:00am

Rs 105.5 billion released under PSDP

Rs 105.5 billion released under PSDP

The federal government has released Rs 105.5 billon (15.63pc) including Rs 30.34 billion foreign aid for different development projects under the Public Sector Development Programme (PSDP) 2018-19 against the total budgeted allocation of Rs 675 billion.

Published 04 Nov, 2018 12:00am

US sanctions on Iran: Pakistan evaluates impact as IP gas line virtually shelved

US sanctions on Iran: Pakistan evaluates impact as IP gas line virtually shelved

Pakistan will evaluate and try to minimize the impact of US re-imposition of sanctions on Iran over its economic and trade relations with Tehran particularly in the energy sector, as the embargo has virtually shelved the multi-billion dollar gas pipeline

Published 04 Nov, 2018 12:00am

US sanctions on Iran: Pakistan evaluates impact as IP gas line virtually shelved

US sanctions on Iran: Pakistan evaluates impact as IP gas line virtually shelved

Pakistan will evaluate and try to minimize the impact of US re-imposition of sanctions on Iran over its economic and trade relations with Tehran particularly in the energy sector, as the embargo has virtually shelved the multi-billion dollar gas pipeline

Published 04 Nov, 2018 12:00am

US sanctions on Iran: Pakistan evaluates impact as IP gas line virtually shelved

US sanctions on Iran: Pakistan evaluates impact as IP gas line virtually shelved

Pakistan will evaluate and try to minimize the impact of US re-imposition of sanctions on Iran over its economic and trade relations with Tehran particularly in the energy sector, as the embargo has virtually shelved the multi-billion dollar gas pipeline

Published 04 Nov, 2018 12:00am

Two luxury vehicles missing from Dar's residence

Two luxury vehicles missing from Dar's residence

Two costly vehicles have gone missing from the residence of Pakistan Muslim League-Nawaz (PML-N) leader and former finance minister Ishaq Dar, who is hiding in London after the Supreme Court of Pakistan (SC) ordered to confiscate his assets in a case pert

Published 04 Nov, 2018 12:00am

Two luxury vehicles missing from Dar's residence

Two luxury vehicles missing from Dar's residence

Two costly vehicles have gone missing from the residence of Pakistan Muslim League-Nawaz (PML-N) leader and former finance minister Ishaq Dar, who is hiding in London after the Supreme Court of Pakistan (SC) ordered to confiscate his assets in a case pert

Published 04 Nov, 2018 12:00am

Russia to host talks with Afghan leaders, Taliban delegation

Russia to host talks with Afghan leaders, Taliban delegation

Russia said on Saturday that Afghan President Ashraf Ghani had agreed to send a group of senior politicians to peace talks in Moscow, at which a delegation representing the Taliban would be present. Russia in August proposed holding multilateral peace tal

Published 04 Nov, 2018 12:00am

Russia to host talks with Afghan leaders, Taliban delegation

Russia to host talks with Afghan leaders, Taliban delegation

Russia said on Saturday that Afghan President Ashraf Ghani had agreed to send a group of senior politicians to peace talks in Moscow, at which a delegation representing the Taliban would be present. Russia in August proposed holding multilateral peace tal

Published 04 Nov, 2018 12:00am

Sri Lanka's ousted PM says time running out to avert 'bloodbath'

Sri Lanka's ousted PM says time running out to avert 'bloodbath'

Sri Lanka's sacked prime minister Ranil Wickremesinghe has warned time is running out to avert a "bloodbath" while voicing hope that parliament will resolve a damaging constitutional crisis in the coming days.

Published 04 Nov, 2018 12:00am

Sri Lanka's ousted PM says time running out to avert 'bloodbath'

Sri Lanka's ousted PM says time running out to avert 'bloodbath'

Sri Lanka's sacked prime minister Ranil Wickremesinghe has warned time is running out to avert a "bloodbath" while voicing hope that parliament will resolve a damaging constitutional crisis in the coming days.

Published 04 Nov, 2018 12:00am

CJP takes suo motu notice of occupied government residences

CJP takes suo motu notice of occupied government residences

Chief Justice Mian Saqib Nisar Saturday took suo motu notice of huge government residences, comprising acres of land, occupied by the government field officers of different departments.

Published 04 Nov, 2018 12:00am

CJP takes suo motu notice of occupied government residences

CJP takes suo motu notice of occupied government residences

Chief Justice Mian Saqib Nisar Saturday took suo motu notice of huge government residences, comprising acres of land, occupied by the government field officers of different departments.

Published 04 Nov, 2018 12:00am

Top Indian diplomat summoned over ceasefire violations

Top Indian diplomat summoned over ceasefire violations

Pakistan Saturday summoned top Indian diplomat over the unprovoked ceasefire violations by Indian troops on the Line of Control (LoC) that resulted in loss of life of a young civilian lady. According to a Foreign Office statement, Director General (South

Published 04 Nov, 2018 12:00am

Top Indian diplomat summoned over ceasefire violations

Top Indian diplomat summoned over ceasefire violations

Pakistan Saturday summoned top Indian diplomat over the unprovoked ceasefire violations by Indian troops on the Line of Control (LoC) that resulted in loss of life of a young civilian lady. According to a Foreign Office statement, Director General (South

Published 04 Nov, 2018 12:00am

Pakistan vows strengthening economic cooperation within D-8

Pakistan vows strengthening economic cooperation within D-8

Minister of State for Revenue, Muhammad Hammad Azhar, who is leading Pakistan's delegation to the 18th Session of the D-8 Council of Foreign Ministers being held at Antalya, Turkey, reiterated Pakistan's strong commitment and continued support for achievi

Published 04 Nov, 2018 12:00am

Pakistan vows strengthening economic cooperation within D-8

Pakistan vows strengthening economic cooperation within D-8

Minister of State for Revenue, Muhammad Hammad Azhar, who is leading Pakistan's delegation to the 18th Session of the D-8 Council of Foreign Ministers being held at Antalya, Turkey, reiterated Pakistan's strong commitment and continued support for achievi

Published 04 Nov, 2018 12:00am

Pakistan vows strengthening economic cooperation within D-8

Pakistan vows strengthening economic cooperation within D-8

Minister of State for Revenue, Muhammad Hammad Azhar, who is leading Pakistan''s delegation to the 18th Session of the D-8 Council of Foreign Ministers being held at Antalya, Turkey, reiterated Pakistan''s strong commitment and continued support for achie

Published 04 Nov, 2018 12:00am

Pasha speaks about likely IMF approach to economy

Pasha speaks about likely IMF approach to economy

Discussions with the IMF mission during their scheduled visit starting 7 November are not going to be easy as the thrust of the mission will be on stabilization of the economy against growing challenges of budget and current account deficits. This was sta

Published 04 Nov, 2018 12:00am

Pasha speaks about likely IMF approach to economy

Pasha speaks about likely IMF approach to economy

Discussions with the IMF mission during their scheduled visit starting 7 November are not going to be easy as the thrust of the mission will be on stabilization of the economy against growing challenges of budget and current account deficits. This was sta

Published 04 Nov, 2018 12:00am

Shariah-compliant companies, securities: transfer of assets, liabilities to attract cancellation of certificate: SECP

Shariah-compliant companies, securities: transfer of assets, liabilities to attract cancellation of certificate: SECP

The Securities and Exchange Commission of Pakistan (SECP) will cancel the Shariah compliance certificate of Shariah compliant company or Shariah compliant security in case all of the assets and liabilities of a Shariah compliant company, or a company issu

Published 04 Nov, 2018 12:00am

Shariah-compliant companies, securities: transfer of assets, liabilities to attract cancellation of certificate: SECP

Shariah-compliant companies, securities: transfer of assets, liabilities to attract cancellation of certificate: SECP

The Securities and Exchange Commission of Pakistan (SECP) will cancel the Shariah compliance certificate of Shariah compliant company or Shariah compliant security in case all of the assets and liabilities of a Shariah compliant company, or a company issu

Published 04 Nov, 2018 12:00am

Shariah-compliant companies, securities: transfer of assets, liabilities to attract cancellation of certificate: SECP

Shariah-compliant companies, securities: transfer of assets, liabilities to attract cancellation of certificate: SECP

The Securities and Exchange Commission of Pakistan (SECP) will cancel the Shariah compliance certificate of Shariah compliant company or Shariah compliant security in case all of the assets and liabilities of a Shariah compliant company, or a company issu

Published 04 Nov, 2018 12:00am

US Iran sanctions move hits European companies

US Iran sanctions move hits European companies

US President Donald Trump's decision to pull the United States out of the 2015 nuclear accord with Iran and reimpose a raft of sanctions puts European businesses on the spot. While the European Union insists it will stick by the nuclear accord to allow tr

Published 04 Nov, 2018 12:00am

US Iran sanctions move hits European companies

US Iran sanctions move hits European companies

US President Donald Trump's decision to pull the United States out of the 2015 nuclear accord with Iran and reimpose a raft of sanctions puts European businesses on the spot. While the European Union insists it will stick by the nuclear accord to allow tr

Published 04 Nov, 2018 12:00am

US Iran sanctions move hits European companies

US Iran sanctions move hits European companies

US President Donald Trump''s decision to pull the United States out of the 2015 nuclear accord with Iran and reimpose a raft of sanctions puts European businesses on the spot. While the European Union insists it will stick by the nuclear accord to allow t

Published 04 Nov, 2018 12:00am

US Iran sanctions move hits European companies

US Iran sanctions move hits European companies

US President Donald Trump''''s decision to pull the United States out of the 2015 nuclear accord with Iran and reimpose a raft of sanctions puts European businesses on the spot. While the European Union insists it will stick by the nuclear accord to allow

Published 04 Nov, 2018 12:00am

Restructuring of white elephant entities

Restructuring of white elephant entities

The Imran Khan-led administration has decided to stay the privatisation of mammoth loss-making state-owned entities (SOEs) that were targeted for privatisation particularly Pakistan International Airlines (PIA), Pakistan Steel Mills (PSM) and Pakistan Rai

Published 04 Nov, 2018 12:00am

A logical fallacy

A logical fallacy

India continues to employ a self-defeating argument to voice its opposition to the China Pakistan Economic Corridor (CPEC). The country's external affairs ministry issued a statement the other day saying, "we have lodged a strong protest with China and Pa

Published 04 Nov, 2018 12:00am

Doing Business Report: The govt's insight

Doing Business Report: The govt's insight

Improved business environment plays a critical role in attracting foreign investment in a province; not only does it increase economic growth but it also results in job creation. Taking this aspect into account, government of Punjab has designed the first

Published 04 Nov, 2018 12:00am

Iran tankers go dark to keep selling oil

Iran tankers go dark to keep selling oil

Working from their small offices in Stockholm, analysts at a new watchdog that monitors global oil shipments have been run ragged by Iran's efforts to skirt US sanctions this month.

Published 04 Nov, 2018 12:00am

In US midterm race, racial tensions never far from surface

In US midterm race, racial tensions never far from surface

In a sea of white faces at a Florida campaign rally stirred to a froth by President Donald Trump, a woman named June and two friends stand out: they are among just a handful of black people cheering for him.

Published 04 Nov, 2018 12:00am

'Curious case of a professor's accountability'

'Curious case of a professor's accountability'

This refers to an article by Andleeb Abbas in Business Recorder of Monday 29 October 2018. The said article is full of lies and baseless allegations. The allegation that a reference of corruption worth Rs 1.5 billion against Dr Mujahid Kamran was p

Published 04 Nov, 2018 12:00am

Country's exports show five percent growth in first quarter: Alvi

Country's exports show five percent growth in first quarter: Alvi

President Dr Arif Alvi has said country's exports are on increasing trajectory and showed a growth of 5% in the first quarter of current financial year. He was addressing a launch ceremony of 16th My Karachi - Oasis of Harmony Exhibition (2019), being org

Published 04 Nov, 2018 12:00am

Four more children die of malnutrition in Tharparkar

Four more children die of malnutrition in Tharparkar

Death toll of children due to malnutrition and diseases in Tharparkar region of Sindh continued to climb as four more infants passed away in 24 hours, the health department sources said on Saturday. The latest deaths have taken the death toll in Tharparka

Published 04 Nov, 2018 12:00am

It's state's responsibility to provide health facilities to destitute: SHC

It's state's responsibility to provide health facilities to destitute: SHC

Sindh High Court (SHC) has ruled that it is the absolute responsibility of state to provide health facilities particularly when it comes to destitute or differently abled persons.

Published 04 Nov, 2018 12:00am

DGCV revises customs value of ginger & garlic

DGCV revises customs value of ginger & garlic

Directorate General Customs Valuation (DGCV) has revised the customs values of ginger and garlic under section 25(7) of the Customs Act, 1969. According to details, the customs values of fresh/dry ginger and garlic were earlier determined vide valuation r

Published 04 Nov, 2018 12:00am

Aasim Zaheer appointed Vice Chief of Air Staff

Aasim Zaheer appointed Vice Chief of Air Staff

The government has appointed Air Marshal Aasim Zaheer as Vice Chief of the Air Staff, Pakistan Air Force, an official statement issued on Saturday said. Air Marshal Aasim Zaheer was commissioned in GD (P) Branch of Pakistan Air Force in November, 1984. He

Published 04 Nov, 2018 12:00am

60 MQM leaders indicted in incendiary speech case

60 MQM leaders indicted in incendiary speech case

As many as 60 Muttahida Qaumi Movement (MQM) leaders including Farooq Sattar and Kanwar Naveed have been indicted in inflammatory speeches and attack on media houses case on Saturday. The court read out the charges against them, stating that a hate speech

Published 04 Nov, 2018 12:00am

Significant growth of MFBs, microcredit outreach noted in FY18

Significant growth of MFBs, microcredit outreach noted in FY18

Microfinance Banks (MFBs) experienced impressive all-round growth during last fiscal year FY18 (2017-18). The aggregate asset base increased to Rs 276.1 billion that marked 36 percent rise as on June 30, 2018 as compared to Rs 203 billion as on 30th June

Published 04 Nov, 2018 12:00am

Karachi returns to normality after three-day siege

Karachi returns to normality after three-day siege

The city returned to normality on Saturday from a three-day siege, as protest sit-ins cost Rs 12 billion to the national exchequer with nearly ceasing cargo supplies to and from ports to halt the country's seaborne trade.

Published 04 Nov, 2018 12:00am

Punjab suffers Rs 45 billion losses due to sit-ins, road blockades, claim businessmen

Punjab suffers Rs 45 billion losses due to sit-ins, road blockades, claim businessmen

All Pakistan Anjuman-e-Taajran President Khalid Pervaiz has claimed that businessmen have incurred an estimated loss of Rs 45 billion only in Punjab during last three days due to the sit-ins and protest demonstrations by the supporters of religio-politica

Published 04 Nov, 2018 12:00am

No room for any 'mafia' in Punjab, says CM

No room for any 'mafia' in Punjab, says CM

The Punjab chief minister Sardar Usman Buzdar on Saturday said there is no place for any mafia in the province and action will be taken against other mafias like qabza mafia. "I am standing with the victims against the cruel person and nobody will be allo

Published 04 Nov, 2018 12:00am

Damage to public properties: government to take stern action against miscreants

Damage to public properties: government to take stern action against miscreants

The federal government has announced to take stern action against the miscreants that caused billions of rupees losses to the public properties, especially national highways and motorways, following the Supreme Court's decision to acquit a Christian woman

Published 04 Nov, 2018 12:00am

Cleaning of roads littered with garbage during sit-ins begins

Cleaning of roads littered with garbage during sit-ins begins

The Punjab government has taken up the task of sweeping the mess left by the protestors in all cities of Punjab during the three-day protest against the release of Asia Bibi; the civic agencies were at a standstill and heaps of garbage piled up on roads a

Published 04 Nov, 2018 12:00am

Violation of one-way traffic laws continues unabated

Violation of one-way traffic laws continues unabated

Many drivers are seen violating one-way traffic rules fearlessly due to sheer negligence of traffic police that mostly result in otherwise avoidable traffic jams and road accidents. The commuters remain stuck for hours on the streets because of traffic po

Published 04 Nov, 2018 12:00am

Buzdar pays tribute to Maulana Sami

Buzdar pays tribute to Maulana Sami

Paying tributes to Maulana Sami ul Haq for his religious and political services, the Punjab chief minister Sardar Usman Buzdar said that the martyrdom of Maulana is not less than a big tragedy. "Maulana Sami ul Haq was a renowned religious scholar and a w

Published 04 Nov, 2018 12:00am

Mentally ill man shot dead by Dolphin squad

Mentally ill man shot dead by Dolphin squad

A mentally challenged man was allegedly shot dead by an official of the Dolphin Squad in Nawan Kot on Saturday. According to an initial inquiry report, a call of citizen Asmat Ullah was received on police helpline 15 regarding attack on public by an unkno

Published 04 Nov, 2018 12:00am

Chinese furniture makers evince interest in JVs

Chinese furniture makers evince interest in JVs

The Chinese furniture manufacturers have shown interest in establishing furniture manufacturing units through joint ventures in Pakistan besides establishing Pakistani furniture outlets in different cities of China to promote furniture trade between two c

Published 04 Nov, 2018 12:00am

GE hosts China Energy Forum

GE hosts China Energy Forum

GE hosted the "China for the World" 2018 Energy Infrastructure Cooperation Forum in Beijing, convening nearly 700 experts from across the energy infrastructure ecosystem including government officials, Chinese engineering, procurement and construction (EP

Published 04 Nov, 2018 12:00am

Punjab's industry, labour policies in final stages of completion: Iqbal

Punjab's industry, labour policies in final stages of completion: Iqbal

Punjab Minister for Industries, Commerce and Investment Mian Aslam Iqbal has said the provincial policies about industry and skilled labour are in final stage and they would be announced soon. Speaking at the inauguration of landmark three-day Digital Pri

Published 04 Nov, 2018 12:00am

Speedy courts to deal with power theft proposed

Speedy courts to deal with power theft proposed

The proposers of 100 days plan for restructuring of power sector have suggested the government to set up speedy courts to deal with the phenomenon of power theft and non-payment of electricity bills. They also suggested giving magisterial powers to chief

Published 04 Nov, 2018 12:00am

Schools, colleges reopen across Punjab

Schools, colleges reopen across Punjab

All schools and colleges across Punjab reopened on Saturday after closure for two days in the wake of protests after the Supreme Court acquitted Aasiya Bibi in the blasphemy case. While the universities in Punjab will open on Monday as universities were c

Published 04 Nov, 2018 12:00am

Shariah compliant companies to undergo external audit yearly

Shariah compliant companies to undergo external audit yearly

Every Shariah compliant company and company issuing Shariah compliant security shall be subject to external Shariah audit for every financial year which may be undertaken by the existing external auditors or an independent external Shariah auditor.

Published 04 Nov, 2018 12:00am

Shariah compliance certificate must prior to operation: SECP

Shariah compliance certificate must prior to operation: SECP

Shariah compliant companies and Islamic financial institutions would be required to obtain Shariah compliance certificate from the Securities and Exchange Commission of Pakistan (SECP) for operating as a company or an institute. According to the Shariah G

Published 04 Nov, 2018 12:00am

NPC chairman, Imran discuss bilateral relations

NPC chairman, Imran discuss bilateral relations

Chairman of National People's Congress Li Zhanshu held a meeting with Prime Minister Imran Khan in Beijing on Saturday. Both the leaders agreed to carry forward the momentum of bilateral visits and enhance parliamentary linkages.

Published 04 Nov, 2018 12:00am

Rabbani laments decision of accepting TLP's demands

Rabbani laments decision of accepting TLP's demands

Former Chairman Senate Raza Rabbani Saturday lamented the government's decision to accept demands and sign an agreement with those who had provoked the nation against the army and judiciary. After three days of violent protests across Pakistan, the Tehree

Published 04 Nov, 2018 12:00am

Sami ul Haq murder: Sunni Ulema Council holds protest demonstration

Sami ul Haq murder: Sunni Ulema Council holds protest demonstration

Sunni Ulema Council Hyderabad Saturday held protest demonstration here in front of Hyderabad Press Club against the brutal murder of chief of Jamiat Ulema Islam (S) Moulana Samihul Haq. The protest demonstration led by Abdul Samad Haideri was also attende

Published 04 Nov, 2018 12:00am

PLGMEA urges ministries to evolve joint strategy for boosting exports

PLGMEA urges ministries to evolve joint strategy for boosting exports

Pakistan Leather Garments Manufacturers and Exporters Association (PLGMEA) urged the Commerce Division and Finance Division to formulate a joint strategy for increase in exports in consultation with different sectors.

Published 04 Nov, 2018 12:00am

Companies Act 2017: government may be directed to enforce section 456: report

Companies Act 2017: government may be directed to enforce section 456: report

The federal government may be directed to issue notification for the enforcement of section 456 of the Companies Act 2017 immediately to regulate the advances received from public for real estate projects by the companies, recommended a report.

Published 04 Nov, 2018 12:00am

FBR's organisational structure under study

FBR's organisational structure under study

Federal Board of Revenue (FBR) is examining a proposal to restore positions of FBR Member Inland Revenue (IR) north and FBR Member IR-South, formerly known as Members Domestic Operations North and South, to improve working of the Inland Revenue operations

Published 04 Nov, 2018 12:00am

Two sweets outlets fined for not maintaining cleanliness

Two sweets outlets fined for not maintaining cleanliness

The district administration of the federal capital Saturday conducted a raid on two prominent sweets outlets and imposed fines for not maintaining general cleanliness. According to Deputy Commissioner Islamabad Mohammad Hamza Shafqaat, the raid was conduc

Published 04 Nov, 2018 12:00am

Fazlur Rehman advised to restrict movement

Fazlur Rehman advised to restrict movement

The police on Saturday issued a threat alert to JUI-F chief Maulana Fazlur Rahman. In a letter to the JUI-F chief, the Peshawar police issued security threats. The threat alerts were issued by intelligence agencies whereas all departments concerned have b

Published 04 Nov, 2018 12:00am

Kumrat tourist spot to be developed as national park: minister

Kumrat tourist spot to be developed as national park: minister

Khyber Pakhtunkhwa Senior Minister for Tourism Muhammad Atif Khan on Saturday said that Kumrat tourist spot would be developed as national park to showcase the province as a tourism brand to the world to attract more tourists. Speaking at the inaugural ce

Published 04 Nov, 2018 12:00am

PSL fourth edition: Sunil Narine, Umar Akmal to join Quetta Gladiators

PSL fourth edition: Sunil Narine, Umar Akmal to join Quetta Gladiators

As a part of trade between the two PSL franchises i.e., Quetta Gladiators and Lahore Qalandars, leading spinner Sunil Narine and middle-order batsman Umar Akmal will join Quetta Gladiators.

Published 04 Nov, 2018 12:00am

Williams, Masakadza rule even day in first Bangladesh Test

Williams, Masakadza rule even day in first Bangladesh Test

Sean Williams and skipper Hamilton Masakadza slammed a fifty each as Zimbabwe made 236-5 on the opening day of the first Test against Bangladesh in Sylhet on Saturday. Williams topscored with 88 off 179 balls after Masakadza hit 52 in his 105 ball knock t

Published 04 Nov, 2018 12:00am

Gray lifts grief-stricken Leicester, United hit back

Gray lifts grief-stricken Leicester, United hit back

Leicester paid an emotional tribute to Vichai Srivaddhanaprabha as the grief-stricken club won 1-0 at Cardiff following their owner's tragic death, while Marcus Rashford fired Manchester United to a dramatic 2-1 victory over Bournemouth on Saturday.

Published 04 Nov, 2018 12:00am

Biles wins more gold and breaks more records

Biles wins more gold and breaks more records

Simone Biles confirmed her status as gymnastics royalty on Saturday winning her fourth gold, and sixth medal overall at this week's world championships in Doha, in a superlative individual performance. Biles took gold in the final female event of the week

Published 04 Nov, 2018 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Feb 14	279.27
USD PKR Interbank Buying / Feb 14	279.07
USD to Japanese Yen / Feb 14	152.31
USD to Swiss Franc / Feb 14	0.90
Pound Sterling to USD / Feb 14	1.26
Euro to USD / Feb 14	1.05
UK LIBOR % / Feb 14	4.96

Stock	Volume
S&P 500 / Feb 14	6,114.63
India Sensex / Feb 14	75,939.21
Tokyo Nikkei / Feb 14	39,149.43
Nasdaq / Feb 14	20,026.77
Hang Seng / Feb 14	22,620.33
FTSE 100 / Feb 14	8,732.46
Dow Jones / Feb 14	44,546.08
Germany DAX 30 / Feb 14	22,513.42
France CAC40 / Feb 14	8,178.54

Item	Value
Crude Oil USD/Barrel / Feb 14	70.74
Karachi Cotton PKR/37.32 KG / Feb 14	17,785
Gold 10 Grams PKR / Feb 14	262,517
Gold Spot USD/Ounce / Feb 14	2,882.53
Cotton US¢/pound / Feb 14	68.31
Petrol/Litre / Feb 16	256.13
Diesel/Litre / Feb 16	263.95

Gainers
Losers
Leaders

Stock	Price
At-Tahur Ltd. / Feb 14 At-Tahur Limited(PREMA)	35.26 ▲ 3.21 (10.02%)
Saritow Spinning / Feb 14 Saritow Spinning Mills Limited(SSML)	23.84 ▲ 2.17 (10.01%)
Leather Up Ltd. / Feb 14 Leather Up Limited(LEUL)	38.02 ▲ 3.46 (10.01%)
Lucky Cement / Feb 14 Lucky Cement Limited(LUCK)	1,366.37 ▲ 124.22 (10%)
Suhail Jute / Feb 14 Suhail Jute Mills Limited(SUHJ)	108.35 ▲ 9.85 (10%)
Agriautos Ind. / Feb 14 Agriauto Industries Limited(AGIL)	115.49 ▲ 10.5 (10%)
Mandviwala / Feb 14 Mandviwala Mauser Plastic Industries(MWMP)	20.48 ▲ 1.86 (9.99%)
Sindh Abadgar / Feb 14 Sindh Abadgar's Sugar Mills Limited(SASML)	50.08 ▲ 4.55 (9.99%)
Popular Islamic / Feb 14 Popular Islamic Modaraba(PIM)	12.37 ▲ 1.04 (9.18%)
F.Credit & Inv / Feb 14 First Credit and Investment Bank Limited(FCIBL)	8.39 ▲ 0.7 (9.1%)

Stock	Price
Dewan Textile / Feb 14 Dewan Textile Mills Limited(DWTM)	6.80 ▼ -0.99 (-12.71%)
TPL Trakker Ltd / Feb 14 TPL Trakker Limited(TPLT)	7.55 ▼ -0.93 (-10.97%)
I.C.C. Ind. / Feb 14 ICC Industries Limited(ICCI)	10.77 ▼ -1.2 (-10.03%)
Redco Textile / Feb 14 Redco Textiles Limited(REDCO)	22.60 ▼ -2.51 (-10%)
Engro Powergen / Feb 14 Engro Powergen Qadirpur Limited(EPQL)	25.78 ▼ -2.86 (-9.99%)
D.M. Textile / Feb 14 D.M. Textile Mills Limited(DMTX)	63 ▼ -6.99 (-9.99%)
Universal Ins. / Feb 14 The Universal Insurance Company Limited(UVIC)	12.91 ▼ -1.43 (-9.97%)
Sakrand Sugar / Feb 14 Sakrand Sugar Mills Limited(SKRS)	12.11 ▼ -1.34 (-9.96%)
Idrees Tex. / Feb 14 Idrees Textile Mills Limited(IDRT)	12.81 ▼ -1.41 (-9.92%)
Sui South Gas / Feb 14 Sui Southern Gas Company Limited(SSGC)	32.68 ▼ -3.56 (-9.82%)

Stock	Volume
B.O.Punjab / Feb 14 The Bank of Punjab(BOP)	79,317,612 ▼ -0.66
Lotte Chemical / Feb 14 Lotte Chemical Pakistan Limited(LOTCHEM)	72,104,503 ▼ -1.12
Power Cement / Feb 14 Power Cement Limited(POWER)	40,290,839 ▼ -0.18
Sui South Gas / Feb 14 Sui Southern Gas Company Limited(SSGC)	32,711,461 ▼ -3.56
Hascol Petrol / Feb 14 Hascol Petroleum Limited(HASCOL)	31,600,150 ▼ -0.41
Dewan Motors / Feb 14 Dewan Farooque Motors Limited(DFML)	31,281,602 ▼ -2.6
Cnergyico PK / Feb 14 Cnergyico PK Limited(CNERGY)	20,508,125 ▼ -0.25
Fauji Foods Ltd / Feb 14 Fauji Foods Limited(FFL)	20,173,357 ▼ -0.24
Fauji Cement / Feb 14 Fauji Cement Company Limited(FCCL)	16,904,777 ▼ -1.09
WorldCall Telecom / Feb 14 Worldcall Telecom Limited(WTL)	16,467,161 ▼ -0.04

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Gilgit-Baltistan cabinet approves historic land reforms, transfers ownership to public

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Punjab CM announces free 3-marla plots of land for the poor

Punjab CM announces free 3-marla plots of land for the poor

Askari Bank’s Zia Ijaz gets FPT clearance from State Bank

Askari Bank’s Zia Ijaz gets FPT clearance from State Bank

The curious case of Onijah Andrew Robinson

The curious case of Onijah Andrew Robinson

Credits against tax WH: FBR issuing notices to salaried individuals: KTBA

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Zardari heaps praise on the rise of China

Zardari heaps praise on the rise of China

Significant increase in home remittances

Significant increase in home remittances

Sweet chaos: will the government blink?

Sweet chaos: will the government blink?