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Print - 2018-11-08
No incidence of cyber attack reported: FBL

No incidence of cyber attack reported: FBL

Faysal Bank Limited (FBL) would like to reiterate and assure its customers that no such incident has been reported at the Bank and that the data of all its customers is secure. However as a matter of reassurance, we have reviewed our systems again and fou
Published 08 Nov, 2018 12:00am
Speakers demand strict adherence globally to UN charters on human rights

Speakers demand strict adherence globally to UN charters on human rights

Speakers at the international conference on "Human Rights Challenges and Prospects" have said that it is time for the voices of reason and responsibility in the world to caution against militarism and demand strict adherence by all states, large and small
Published 08 Nov, 2018 12:00am
PBLBF hosts dinner for Belgian trade delegation

PBLBF hosts dinner for Belgian trade delegation

Pakistan Belgium Luxembourg Business Forum (PBLBF) hosted a Belgian menu dinner on 5th November, 2018 in honour of a high-level Belgian companies at the residence of senior member Kalim Farooqui. The organization was also formally launched at that occasio
Published 08 Nov, 2018 12:00am
HBL assures data security to customers

HBL assures data security to customers

With the increase in usage of e-commerce and plastic money (cards), globally as well as in Pakistan, there has also been an increase in the number of incidents or attempts to compromise customers' financial data. Financial institutions across the globe co
Published 08 Nov, 2018 12:00am
Bank AL Habib assures safe banking to customers

Bank AL Habib assures safe banking to customers

We refer to recent media news regarding customer data security breach of Pakistani banks, Bank AL Habib would like to assure its customers that the Bank has deployed advance security monitoring applications for the confidentiality and safety of their data
Published 08 Nov, 2018 12:00am
NHA's anti-encroachment drive continues

NHA's anti-encroachment drive continues

Following instructions of State Minister for Communications Murad Saeed, NHA is removing encroachments from its right-of-way across the country. Under 75 day action plan a total of 3131 locations are being cleared from encroachments. Till now, encroachmen
Published 08 Nov, 2018 12:00am
FWBL assures customers of safe data

FWBL assures customers of safe data

First Women Bank Ltd (FWBL) customers' data are safe and protected from any susceptibility of Cyber Attacks and potential losses. The Bank is working under the guidance of and in close co-ordination with the State Bank of Pakistan, and vigilantly monitori
Published 08 Nov, 2018 12:00am
Managers of 15 CNG, filling stations arrested

Managers of 15 CNG, filling stations arrested

District administration Peshawar arrested the managers of 15 CNG and petrol filing stations overcharging and wrong gauge from different areas here Wednesday. A team of the district administration headed by Deputy Commissioner (DC), Dr. Imran Hamid Sheikh
Published 08 Nov, 2018 12:00am
Askari Bank assures financial security of its customers

Askari Bank assures financial security of its customers

In light of the news circulating in the media regarding security breach of customer data of major Pakistani banks, Askari Bank would like to assure its customers that no such incident has been reported at the bank and the data of all customers is secure.
Published 08 Nov, 2018 12:00am
Clean & Green Punjab programme begins in 10 UCs

Clean & Green Punjab programme begins in 10 UCs

The 10 Union Councils of the city have been selected to make them waste free as model in the second phase of Clean & Green Punjab Programme under pilot project and upgradation of sanitation system. This pilot projects have been launched here on Wednesday
Published 08 Nov, 2018 12:00am
Experts for early, accurate diagnosis of cancer

Experts for early, accurate diagnosis of cancer

Khyber Medical University, Peshawar, Shifa International Hospital, Islamabad and Public Health Association, KPK mutually organized a training session for local family health physicians at the university premises. The session was organized to share updates
Published 08 Nov, 2018 12:00am
Samba Bank assures customers of secured data

Samba Bank assures customers of secured data

Samba Bank Limited informs its customers and stakeholders in the wake of recent events, whereby debit/credit cards data of different banks has purportedly been hacked and some transactions have been made by using this stolen card data. "We want to assure
Published 08 Nov, 2018 12:00am
CNS meets Russian Navy's Commander-in-Chief

CNS meets Russian Navy's Commander-in-Chief

Chief of the Naval Staff Admiral Zafar Mahmood Abbasi is on an official visit to Russian Federation. During the visit, the Naval Chief met Commander-in-Chief of Russian Navy, Admiral Vladimir Korolyov at Saint Petersburg. Upon arrival, the Naval Chief was
Published 08 Nov, 2018 12:00am
8.8 million patients vaccinated against hepatitis B

8.8 million patients vaccinated against hepatitis B

Hepatitis Control Programme in Sindh has so far vaccinated as many as 8.80 million patients of Hepatitis B, while overall 842,086 hepatitis patients are in general population, 232,355 in high risk population, 527,423 school going children and 52,702 jail
Published 08 Nov, 2018 12:00am
PBA terms SBP's cyber security guide 'comprehensive'

PBA terms SBP's cyber security guide 'comprehensive'

Pakistan Banks' Association (PBA) said on Wednesday that State Bank of Pakistan's (SBP) guidelines for establishing cyber security are comprehensive and cover all aspects of technology. According to the spokesperson, the IT security of one bank was compro
Published 08 Nov, 2018 12:00am
Resistance mars drive against encroachment in Saddar

Resistance mars drive against encroachment in Saddar

The ongoing anti-encroachment operation of Karachi Metropolitan Corporation (KMC) turned violent on Wednesday as the law enforcers faced resistance from a group of enraged people on Shahra-e-Iraq in Saddar Town of the metropolis.
Published 08 Nov, 2018 12:00am
PPP to form next government, claims Zardari

PPP to form next government, claims Zardari

Pakistan Peoples Party (PPP) co-chairman Asif Ali Zardari on Wednesday has claimed that his party will again form next government after winning the elections. Arriving in Khairpur on a two-day visit, Zardari lauded Sindhis for showing support to PPP in 20
Published 08 Nov, 2018 12:00am
PBIF chief for rationalising RD on auto parts

PBIF chief for rationalising RD on auto parts

Pakistan Businessmen and Intellectuals Forum (PBIF) President Mian Zahid Hussain Wednesday said that to improve automobile sector, regulatory duties on the import of raw material and auto parts must be rationalised and the recommendations of registered tr
Published 08 Nov, 2018 12:00am
Islamabad police to have anti-corruption unit: IGP

Islamabad police to have anti-corruption unit: IGP

"Islamabad Police will establish a unit to check corruption in the force and strict disciplinary action to be taken against those involved in such practices." It was stated by Inspector General of Police (IGP) Islamabad Muhammad Aamir Zulfiqar Khan while
Published 08 Nov, 2018 12:00am
Pakistan, Afghanistan hold second meeting of Refugee Working Group

Pakistan, Afghanistan hold second meeting of Refugee Working Group

Pakistan and Afghanistan held second meeting of the Refugee Working Group (WG) under the Afghanistan-Pakistan Action Plan for Peace and Stability (APAPPS) at the Ministry of SAFRON in Islamabad on Wednesday. First meeting was held during visit of the Fore
Published 08 Nov, 2018 12:00am
Hajj policy to be finalised in next three months

Hajj policy to be finalised in next three months

Federal Minister for Religious Affairs and Interfaith Harmony Noorul Haq Qadri has said that Hajj Policy 2019 would be finalised within next three months. Responding to questions of the members in the National Assembly on Wednesday, the minister said the
Published 08 Nov, 2018 12:00am
Captain Zargham laid to rest

Captain Zargham laid to rest

Funeral prayer Capt Zargham, who embraced martyrdom Wednesday in Mohmand held at Peshawar Cantt. Jasd e Khaki of Shaheed dispatched to his ancestral towns for burial with full military honor, says a press release issued here.
Published 08 Nov, 2018 12:00am
BoK ensures safe banking services to customers

BoK ensures safe banking services to customers

The Bank of Khyber (BoK) has always strived to ensure safe banking experience for its customers. In the wake of recent cyber security breach incidents, we assure our valued customers that their data has remained secured and uncompromised, said in a press
Published 08 Nov, 2018 12:00am
Protection of data: Minister assures support to SBP

Protection of data: Minister assures support to SBP

Following the recent news item about cyber-attack on major Pakistani banks, Federal Minister for IT & Telecom, Dr Khalid Maqbool Siddiqi has assured all-out technical support to the State Bank of Pakistan to ensure protection of data and financial assets
Published 08 Nov, 2018 12:00am
Sindh to make law against menace of usury: adviser

Sindh to make law against menace of usury: adviser

Adviser to Chief Minister Sindh for Information, Law & Anticorruption Barrister Murtaza Wahab on Wednesday has said Sindh government has decided to launch aggressive action against those involved in usury in order to eliminate this menace from the provinc
Published 08 Nov, 2018 12:00am
FIA asked to continue operation against Indian DTH devices

FIA asked to continue operation against Indian DTH devices

The Supreme Court on Wednesday directed the Federal Investigation Agency (FIA) to continue its operation against smuggling of Indian Direct-to-Home (DTH) devices to Pakistani markets. The committee comprising member customs and additional director general
Published 08 Nov, 2018 12:00am
SSGC donates Rs 15 million to dams' fund

SSGC donates Rs 15 million to dams' fund

Sui Southern Gas Company (SSGC) has donated Rs 15 million in 'The Supreme Court of Pakistan and the Prime Minister of Pakistan Diamer-Bhasha and Mohmand Dams Fund'.
Published 08 Nov, 2018 12:00am
Fishermen, boat owners slam deep-sea fishing policy

Fishermen, boat owners slam deep-sea fishing policy

The federal government's deep sea fishing policy 2018 outlining strict rules for hunting fish and shrimp has triggered resentment among fishermen and boat owners, who now plans a strike to stop catch landing. Talking to Business Recorder on Wednesd
Published 08 Nov, 2018 12:00am
Malaysian business team finds Pakistan safe

Malaysian business team finds Pakistan safe

Member of Malaysian Investors and trade delegation and Group MD of Silver Lake Digital Economy, Cho Soo Chin has expressed that the delegation was reluctant to visit Pakistan due to negative perception of persisting law and order situation in the country
Published 08 Nov, 2018 12:00am
'Hard times ahead'

'Hard times ahead'

Business Recorder op-ed writer M Ziauddin, in his "Hard times ahead" op-ed, has offered to newspaper readers an informed perspective on the challenges facing country's economy. The point raised by him that "Pakistan would need an IMF programme even
Published 08 Nov, 2018 12:00am
With US absent, world's exporters turn attention to China

With US absent, world's exporters turn attention to China

There is a notable no-show among the dozens of national pavilions at Shanghai's massive import fair - the United States - a metaphor for isolationist Trump policies that attendees say are pushing them closer to China.
Published 08 Nov, 2018 12:00am
Managing external account - structural changes
Currency

Managing external account - structural changes

Further to my earlier article series: "Managing external account - monetary policy" and "Managing external account - fiscal policy", this is third and final article, and perhaps the most important in terms of permanently addressing the chronic issues whic
Published 08 Nov, 2018 12:00am
A loan plus a statement equals IMF?
Currency

A loan plus a statement equals IMF?

He went West and came back with a bagful. He went East and returned with a Joint Statement. We celebrated both - the tangible, of which we made a unilateral announcement; and the intangible that was inked by both parties. Both are like promissory notes, e
Published 08 Nov, 2018 12:00am
An unsavoury legacy of interventions and deceit

An unsavoury legacy of interventions and deceit

Encouraged by the Trump administration - its decision to shift the US embassy from Tel Aviv to occupied Jerusalem and to cut financial support for the UN Relief and Works Agency's operations in the West Bank - Israel is trying to consolidate its control o
Published 08 Nov, 2018 12:00am
BoI's reservations

BoI's reservations

Yes, the Board of Investments (BoI) did have its disagreements and reservations on China's approach to industrial cooperation, but that's water under the bridge after prime minister Imran Khan's successful visit to Pakistan's all-weather friend. This visi
Published 08 Nov, 2018 12:00am
Trump clashes with CNN reporter

Trump clashes with CNN reporter

A visibly angry President Donald Trump branded CNN's White House correspondent Jim Acosta a "rude, terrible person" and an "enemy of the people" in a testy exchange on national television Wednesday the day after America's midterm elections.
Published 08 Nov, 2018 12:00am
Trump clashes with CNN reporter

Trump clashes with CNN reporter

A visibly angry President Donald Trump branded CNN's White House correspondent Jim Acosta a "rude, terrible person" and an "enemy of the people" in a testy exchange on national television Wednesday the day after America's midterm elections.
Published 08 Nov, 2018 12:00am
Punjab mills reject government''s fixed sugarcane purchase price

Punjab mills reject government''s fixed sugarcane purchase price

Though the sugarcane crushing for the 2018-19 season is all set to commence in about a week''s time, yet 45 sugar mills of Punjab have rejected the purchase price of sugarcane fixed by the government at the rate of Rs 180 per maund (40 kg) and said the pr
Published 08 Nov, 2018 12:00am
Punjab mills reject government's fixed sugarcane purchase price

Punjab mills reject government's fixed sugarcane purchase price

Though the sugarcane crushing for the 2018-19 season is all set to commence in about a week's time, yet 45 sugar mills of Punjab have rejected the purchase price of sugarcane fixed by the government at the rate of Rs 180 per maund (40 kg) and said the pri
Published 08 Nov, 2018 12:00am
Punjab mills reject government's fixed sugarcane purchase price

Punjab mills reject government's fixed sugarcane purchase price

Though the sugarcane crushing for the 2018-19 season is all set to commence in about a week's time, yet 45 sugar mills of Punjab have rejected the purchase price of sugarcane fixed by the government at the rate of Rs 180 per maund (40 kg) and said the pri
Published 08 Nov, 2018 12:00am
Flagship Investments reference: last PW to conclude statement today

Flagship Investments reference: last PW to conclude statement today

As the Flagship Investments reference filed against former Prime Minister Nawaz Sharif has entered its final stage, the last prosecution witness on Wednesday continued recording of his statement before the Accountability Court-II. Accountability Court Jud
Published 08 Nov, 2018 12:00am
Flagship Investments reference: last PW to conclude statement today

Flagship Investments reference: last PW to conclude statement today

As the Flagship Investments reference filed against former Prime Minister Nawaz Sharif has entered its final stage, the last prosecution witness on Wednesday continued recording of his statement before the Accountability Court-II. Accountability Court Jud
Published 08 Nov, 2018 12:00am
Britain extradites Croatia tycoon to Zagreb

Britain extradites Croatia tycoon to Zagreb

Britain on Wednesday extradited Croatian tycoon Ivica Todoric to Zagreb where he faces fraud allegations linked to the food and retail giant Agrokor he founded, media and a witness said. Todoric boarded a regular Croatia Airlines flight in London, a passe
Published 08 Nov, 2018 12:00am
18th Amendment: President rejects speculations

18th Amendment: President rejects speculations

President Dr Arif Alvi on Wednesday rejected talks of changes in 18th Amendment of the Constitution, saying the amendment was passed with consensus. He made these remarks in an exclusive interview at Aaj News' talk show 'Faisla Aap Ka'. While talking abou
Published 08 Nov, 2018 12:00am
18th Amendment: President rejects speculations

18th Amendment: President rejects speculations

President Dr Arif Alvi on Wednesday rejected talks of changes in 18th Amendment of the Constitution, saying the amendment was passed with consensus. He made these remarks in an exclusive interview at Aaj News' talk show 'Faisla Aap Ka'. While talking abou
Published 08 Nov, 2018 12:00am
Wells promises to look into Dr Aafia case

Wells promises to look into Dr Aafia case

Foreign Office said Wednesday that the issue of Dr Aafia Siddiqui was taken up with the top US diplomat Alice Wells during her recent visit and the US side has promised to look into Pakistan's request. According to Foreign Office spokesperson Dr Mohammad
Published 08 Nov, 2018 12:00am
Wells promises to look into Dr Aafia case

Wells promises to look into Dr Aafia case

Foreign Office said Wednesday that the issue of Dr Aafia Siddiqui was taken up with the top US diplomat Alice Wells during her recent visit and the US side has promised to look into Pakistan's request. According to Foreign Office spokesperson Dr Mohammad
Published 08 Nov, 2018 12:00am
Gaza fisherman killed at sea by Egyptian fire

Gaza fisherman killed at sea by Egyptian fire

A Palestinian fisherman was killed at sea by Egyptian fire near the Gaza border on Wednesday, the fishermen's union said. The health ministry in Gaza confirmed that Mustafa Abu Awda, 32, had died but did not give further details.
Published 08 Nov, 2018 12:00am
MoF told to transfer Rs 124 billion to account of WWF Trust

MoF told to transfer Rs 124 billion to account of WWF Trust

The Supreme Court on Wednesday directed the Ministry of Finance to transfer reconciled amount, Rs 124 billion, in the account of Worker Welfaare Fund Trust within 10 days A two-judge bench comprising Justice Sheikh Azmat Saeed and Justice Mushir Alam hear
Published 08 Nov, 2018 12:00am
The Weather

The Weather

The weather report on Wednesday (November 07, 2018) and the forecast for Thursday (November 08, 2018).

Published 08 Nov, 2018 12:00am
MoF told to transfer Rs 124 billion to account of WWF Trust

MoF told to transfer Rs 124 billion to account of WWF Trust

The Supreme Court on Wednesday directed the Ministry of Finance to transfer reconciled amount, Rs 124 billion, in the account of Worker Welfaare Fund Trust within 10 days A two-judge bench comprising Justice Sheikh Azmat Saeed and Justice Mushir Alam hear
Published 08 Nov, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (November 07, 2018).

Published 08 Nov, 2018 12:00am
Yemen ambassador meets PM

Yemen ambassador meets PM

Prime Minister Imran Khan Wednesday said conflict in Yemen affected the regional peace and stability and no military solution could resolve it. He said this while talking to Ambassador of Yemen, Mohammed Motahar Alashabi, who paid a courtesy call on him a
Published 08 Nov, 2018 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 08 Nov, 2018 12:00am
Yemen ambassador meets PM

Yemen ambassador meets PM

Prime Minister Imran Khan Wednesday said conflict in Yemen affected the regional peace and stability and no military solution could resolve it. He said this while talking to Ambassador of Yemen, Mohammed Motahar Alashabi, who paid a courtesy call on him a
Published 08 Nov, 2018 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 08 Nov, 2018 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (November 07, 2018).

Published 08 Nov, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (November 07, 2018)

Published 08 Nov, 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 Wednesday (November 07, 2018).

Published 08 Nov, 2018 12:00am
BRIndex100 stages rally

BRIndex100 stages rally

Despite foreign selling, Pakistan Stock Exchange Wednesday witnessed a bullish trend on the back of healthy buying in various sectors. BRIndex100 gained 80.78 points or 1.86 percent to close at 4,416.93 points. BRIndex100 touched intraday high of 4,420.21
Published 08 Nov, 2018 12:00am
BRIndex100 stages rally

BRIndex100 stages rally

Despite foreign selling, Pakistan Stock Exchange Wednesday witnessed a bullish trend on the back of healthy buying in various sectors. BRIndex100 gained 80.78 points or 1.86 percent to close at 4,416.93 points. BRIndex100 touched intraday high of 4,420.21
Published 08 Nov, 2018 12:00am
BRIndex100 stages rally

BRIndex100 stages rally

Despite foreign selling, Pakistan Stock Exchange Wednesday witnessed a bullish trend on the back of healthy buying in various sectors. BRIndex100 gained 80.78 points or 1.86 percent to close at 4,416.93 points. BRIndex100 touched intraday high of 4,420.21
Published 08 Nov, 2018 12:00am
PML-N government accused of stealing water share

PML-N government accused of stealing water share

Federal Minister for Water Resources Faisal Vawda on Wednesday accused the previous government of Pakistan Muslim League-Nawaz (PML-N) of stealing water share of Sindh province by shutting telemeters on verbal orders. Responding to a calling attention not
Published 08 Nov, 2018 12:00am
PML-N government accused of stealing water share

PML-N government accused of stealing water share

Federal Minister for Water Resources Faisal Vawda on Wednesday accused the previous government of Pakistan Muslim League-Nawaz (PML-N) of stealing water share of Sindh province by shutting telemeters on verbal orders. Responding to a calling attention not
Published 08 Nov, 2018 12:00am
THE RUPEE: slight changes
Currency

THE RUPEE: slight changes

The rupee moved with little changes versus the dollar on the money market on Wednesday in the process of trading activity, dealers said. The rupee shed 3 paisas against the dollar for buying at Rs 132.68 while it was unchanged for selling at Rs 132.70, d
Published 08 Nov, 2018 12:00am
PSM operationalisation plan sought

PSM operationalisation plan sought

The Economic Coordination Committee (ECC) of the Cabinet has approved a one-month salary for employees of Pakistan Steel Mills employees and sought plan for operationalisation of the PSM as it has been excluded from the privatisation list. A meeting of th
Published 08 Nov, 2018 12:00am
THE RUPEE: slight changes
Currency

THE RUPEE: slight changes

The rupee moved with little changes versus the dollar on the money market on Wednesday in the process of trading activity, dealers said. The rupee shed 3 paisas against the dollar for buying at Rs 132.68 while it was unchanged for selling at Rs 132.70, d
Published 08 Nov, 2018 12:00am
PSM operationalisation plan sought

PSM operationalisation plan sought

The Economic Coordination Committee (ECC) of the Cabinet has approved a one-month salary for employees of Pakistan Steel Mills employees and sought plan for operationalisation of the PSM as it has been excluded from the privatisation list. A meeting of th
Published 08 Nov, 2018 12:00am
PSM operationalisation plan sought

PSM operationalisation plan sought

The Economic Coordination Committee (ECC) of the Cabinet has approved a one-month salary for employees of Pakistan Steel Mills employees and sought plan for operationalisation of the PSM as it has been excluded from the privatisation list. A meeting of th
Published 08 Nov, 2018 12:00am
Cabinet to take decision on EDB today

Cabinet to take decision on EDB today

The federal cabinet on Thursday (today) is set to withdraw a decision of Shahid Khaqan Abbasi-led cabinet regarding the dissolution of Engineering Development Board (EDB). To be presided over by Prime Minister Imran Khan, the cabinet will approve the name
Published 08 Nov, 2018 12:00am
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