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Feb 16, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-12-16
Wall Street tumbles on global growth worries, J&J decline

Wall Street tumbles on global growth worries, J&J decline

Wall Street's three major indexes tumbled on Friday and the Dow confirmed a correction as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson shares were the biggest drag after Reuters reported the company k
Published 16 Dec, 2018 12:00am
China stocks a better bet than UK amid Brexit chaos: BlackRock

China stocks a better bet than UK amid Brexit chaos: BlackRock

Chinese stocks look a better bet than the United Kingdom next year, as Britain struggles with its painful divorce from the European Union, a senior executive at BlackRock, the world's top asset manager, said on Tuesday. "China is slightly more invest-able
Published 16 Dec, 2018 12:00am
Investors sell record $39 billion of stocks

Investors sell record $39 billion of stocks

Investors cashed out of equity funds at a record pace over the past week, with redemptions hitting $39 billion, Bank of America Merrill Lynch (BAML) said on Friday. Investment grade bond fund outflows also touched a record high of $8.4 billion up to Wedne
Published 16 Dec, 2018 12:00am
Investors sell record $39 billion of stocks

Investors sell record $39 billion of stocks

Investors cashed out of equity funds at a record pace over the past week, with redemptions hitting $39 billion, Bank of America Merrill Lynch (BAML) said on Friday. Investment grade bond fund outflows also touched a record high of $8.4 billion up to Wedne
Published 16 Dec, 2018 12:00am
HK on track for global IPO crown but many new listings sag

HK on track for global IPO crown but many new listings sag

Hong Kong is on course to take the global IPO crown this year for the most money raised in stock market flotations, narrowly ahead of arch-rival New York, but its new listings have posted the worst performance among leading bourses, data show.
Published 16 Dec, 2018 12:00am
Record $46 billion pulled from US-based stock funds
Mutual Funds

Record $46 billion pulled from US-based stock funds

Record cash streamed out of US-based stock funds and billions more fled bonds in a week of apparently escalated caution, Lipper data showed on Thursday. More than $46 billion thundered out of US stock mutual funds and exchange-traded funds (ETFs), the mos
Published 16 Dec, 2018 12:00am
Record $46 billion pulled from US-based stock funds
Mutual Funds

Record $46 billion pulled from US-based stock funds

Record cash streamed out of US-based stock funds and billions more fled bonds in a week of apparently escalated caution, Lipper data showed on Thursday. More than $46 billion thundered out of US stock mutual funds and exchange-traded funds (ETFs), the mos
Published 16 Dec, 2018 12:00am
BoJ's ETF buying this year reaches six trillion yen target

BoJ's ETF buying this year reaches six trillion yen target

The Bank of Japan (BoJ) has purchased just over a record 6 trillion yen ($53.2 billion) worth of exchange-traded funds this year, central bank data showed on Tuesday, reaching its target still with three weeks to go before the end of the year. The BoJ sai
Published 16 Dec, 2018 12:00am
BoJ's ETF buying this year reaches six trillion yen target

BoJ's ETF buying this year reaches six trillion yen target

The Bank of Japan (BoJ) has purchased just over a record 6 trillion yen ($53.2 billion) worth of exchange-traded funds this year, central bank data showed on Tuesday, reaching its target still with three weeks to go before the end of the year. The BoJ sai
Published 16 Dec, 2018 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell Thursday for a third straight session on chart-based selling and a slow pace of export demand, traders said. January canola settled down $2.20 at $482.90 per tonne, with stiff resistance noted at the contracts 50-day movin
Published 16 Dec, 2018 12:00am
EU wheat prices climb on euro weakness

EU wheat prices climb on euro weakness

European wheat prices rose on Thursday, buoyed by gains in Chicago and a weakening euro which improved the competitiveness of European Union exports. Firm prices in Argentina and Russia also boosted expectations of a pick-up in European exports in coming
Published 16 Dec, 2018 12:00am
CBOT wheat futures climb to two months high

CBOT wheat futures climb to two months high

Chicago Board of Trade wheat futures climbed to their highest in nearly two months on Thursday as signs of tightening global supplies improved the outlook for US wheat exports, traders said. CBOT March soft red winter wheat settled up 9-1/2 cents at $5.36
Published 16 Dec, 2018 12:00am
Brazil's 2018 coffee sales fall

Brazil's 2018 coffee sales fall

Brazil's 2018 coffee crop was 64 percent sold through December 10, slightly behind the 66 percent achieved at this time last year and a 5-year average of 66 percent, consultancy Safras & Mercado said on Thursday. Safras estimated that 38.7 million 60-kg b
Published 16 Dec, 2018 12:00am
Lean business on cotton market
Cotton

Lean business on cotton market

Not much trading activity was seen on the cotton market on Saturday most of the buyers kept on less buying interest, dealers said. The official spot rate was unchanged at Rs 8,800, they added. Prices of seed cotton in Sindh improved slightly at Rs 3000-40
Published 16 Dec, 2018 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (December 15, 2018).

Published 16 Dec, 2018 12:00am
THE RUPEE: falling trend
Currency

THE RUPEE: falling trend

The rupee slid against the dollar on the money market on Saturday in process of trading activity, dealers said. The rupee shed 20 paisas in terms of the dollar for buying and selling at Rs 139.70 and Rs 140.20 respectively, they said. The rupee also depre
Published 16 Dec, 2018 12:00am
THE RUPEE: falling trend
Currency

THE RUPEE: falling trend

The rupee slid against the dollar on the money market on Saturday in process of trading activity, dealers said. The rupee shed 20 paisas in terms of the dollar for buying and selling at Rs 139.70 and Rs 140.20 respectively, they said. The rupee also depre
Published 16 Dec, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (December 15, 2018).

Published 16 Dec, 2018 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (December 15, 2018).

Published 16 Dec, 2018 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (December 15, 2018).

Published 16 Dec, 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 Saturday (December 15, 2018).

Published 16 Dec, 2018 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (December 15, 2018)

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

Cotton Spot Rates

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

Published 16 Dec, 2018 12:00am
The Weather

The Weather

The weather report on Saturday (December 15, 2018) and the forecast for Sunday (December 16, 2018).

Published 16 Dec, 2018 12:00am
Eleven dead as gunfight sparks protests in IHK

Eleven dead as gunfight sparks protests in IHK

Seven civilians were killed as Indian troops fired on protesters on Saturday after a gunfight left three freedom fighters and a soldier dead in Indian held Kashmir, police and hospital officials said. The fighting erupted soon after troops laid siege to a
Published 16 Dec, 2018 12:00am
Eleven dead as gunfight sparks protests in IHK

Eleven dead as gunfight sparks protests in IHK

Seven civilians were killed as Indian troops fired on protesters on Saturday after a gunfight left three freedom fighters and a soldier dead in Indian held Kashmir, police and hospital officials said. The fighting erupted soon after troops laid siege to a
Published 16 Dec, 2018 12:00am
Tinplate dumping: PVMA approaches NTC for end to probe

Tinplate dumping: PVMA approaches NTC for end to probe

The local manufacturers of ghee and cooking oil have approached the National Tariff Commission (NTC) for termination of anti-dumping investigation into alleged dumped import of tinplate into Pakistan from China, European Union, South Africa and USA. Pakis
Published 16 Dec, 2018 12:00am
Tinplate dumping: PVMA approaches NTC for end to probe

Tinplate dumping: PVMA approaches NTC for end to probe

The local manufacturers of ghee and cooking oil have approached the National Tariff Commission (NTC) for termination of anti-dumping investigation into alleged dumped import of tinplate into Pakistan from China, European Union, South Africa and USA. Pakis
Published 16 Dec, 2018 12:00am
Tinplate dumping: PVMA approaches NTC for end to probe

Tinplate dumping: PVMA approaches NTC for end to probe

The local manufacturers of ghee and cooking oil have approached the National Tariff Commission (NTC) for termination of anti-dumping investigation into alleged dumped import of tinplate into Pakistan from China, European Union, South Africa and USA. Pakis
Published 16 Dec, 2018 12:00am
Trilateral talks: Commitments under BRI framework reaffirmed

Trilateral talks: Commitments under BRI framework reaffirmed

Reaffirming their commitment to further strengthen ties and advance connectivity under the Belt and Road Initiative (BRI), Pakistan, China and Afghanistan Saturday agreed to promote trilateral cooperation under the framework of jointly building the BRI.
Published 16 Dec, 2018 12:00am
Trilateral talks: Commitments under BRI framework reaffirmed

Trilateral talks: Commitments under BRI framework reaffirmed

Reaffirming their commitment to further strengthen ties and advance connectivity under the Belt and Road Initiative (BRI), Pakistan, China and Afghanistan Saturday agreed to promote trilateral cooperation under the framework of jointly building the BRI.
Published 16 Dec, 2018 12:00am
Trilateral talks: Commitments under BRI framework reaffirmed

Trilateral talks: Commitments under BRI framework reaffirmed

Reaffirming their commitment to further strengthen ties and advance connectivity under the Belt and Road Initiative (BRI), Pakistan, China and Afghanistan Saturday agreed to promote trilateral cooperation under the framework of jointly building the BRI.
Published 16 Dec, 2018 12:00am
Border fencing to be completed by December 2019: ISPR

Border fencing to be completed by December 2019: ISPR

Pakistan-Afghanistan border fencing will be completed by December 2019, said Inter-Services Public Relations (ISPR) Saturday. Pakistan Army's spokesperson and ISPR Director General Major General Asif Ghafoor said that the Armed Forces are aiming at speedy
Published 16 Dec, 2018 12:00am
Border fencing to be completed by December 2019: ISPR

Border fencing to be completed by December 2019: ISPR

Pakistan-Afghanistan border fencing will be completed by December 2019, said Inter-Services Public Relations (ISPR) Saturday. Pakistan Army's spokesperson and ISPR Director General Major General Asif Ghafoor said that the Armed Forces are aiming at speedy
Published 16 Dec, 2018 12:00am
CNG supply restored

CNG supply restored

Compressed Natural Gas (CNG) supply to Sindh province has been restored after the Federal Petroleum Minister Ghulam Sarwar Khan made an announcement in this regard, at a press conference at Governor House, earlier on Saturday. Flanked by Sindh Governor Im
Published 16 Dec, 2018 12:00am
CNG supply restored

CNG supply restored

Compressed Natural Gas (CNG) supply to Sindh province has been restored after the Federal Petroleum Minister Ghulam Sarwar Khan made an announcement in this regard, at a press conference at Governor House, earlier on Saturday. Flanked by Sindh Governor Im
Published 16 Dec, 2018 12:00am
CNG supply restored

CNG supply restored

Compressed Natural Gas (CNG) supply to Sindh province has been restored after the Federal Petroleum Minister Ghulam Sarwar Khan made an announcement in this regard, at a press conference at Governor House, earlier on Saturday. Flanked by Sindh Governor Im
Published 16 Dec, 2018 12:00am
'Yellow vest' protests decline on decisive weekend

'Yellow vest' protests decline on decisive weekend

Groups of defiant "yellow vest" demonstrators faced off with tens of thousands of police around France on Saturday, but their numbers were sharply lower on a fifth and decisive weekend for the anti-government movement. President Emmanuel Macron, facing th
Published 16 Dec, 2018 12:00am
'Yellow vest' protests decline on decisive weekend

'Yellow vest' protests decline on decisive weekend

Groups of defiant "yellow vest" demonstrators faced off with tens of thousands of police around France on Saturday, but their numbers were sharply lower on a fifth and decisive weekend for the anti-government movement. President Emmanuel Macron, facing th
Published 16 Dec, 2018 12:00am
SC announces judgment on dual nationality

SC announces judgment on dual nationality

Secretary Defence has been granted one month from the issuance of the judgement to file a report on foreign employment of Gen Raheel Sharif (retd) and in case requisite NOC is not granted within such time, the retired general's foreign employment shall ce
Published 16 Dec, 2018 12:00am
SC announces judgment on dual nationality

SC announces judgment on dual nationality

Secretary Defence has been granted one month from the issuance of the judgement to file a report on foreign employment of Gen Raheel Sharif (retd) and in case requisite NOC is not granted within such time, the retired general's foreign employment shall ce
Published 16 Dec, 2018 12:00am
Arrested Chinese executive: US, Canada promise due process

Arrested Chinese executive: US, Canada promise due process

The United States and Canada on Friday promised a fair judicial process for a Chinese executive arrested in Vancouver on a US request, as they appealed to Beijing to free two Canadians held in apparent retaliation. Foreign ministers and defense chiefs of
Published 16 Dec, 2018 12:00am
Arrested Chinese executive: US, Canada promise due process

Arrested Chinese executive: US, Canada promise due process

The United States and Canada on Friday promised a fair judicial process for a Chinese executive arrested in Vancouver on a US request, as they appealed to Beijing to free two Canadians held in apparent retaliation. Foreign ministers and defense chiefs of
Published 16 Dec, 2018 12:00am
Nations inch towards climate deal at marathon UN summit

Nations inch towards climate deal at marathon UN summit

Nations on Saturday inched towards a deal to implement the Paris climate goals, after all-night negotiations over a plan to limit global temperature rises exposed a range of conflicts. Speaking to AFP at the COP24 summit in Poland, a senior negotiator sai
Published 16 Dec, 2018 12:00am
Nations inch towards climate deal at marathon UN summit

Nations inch towards climate deal at marathon UN summit

Nations on Saturday inched towards a deal to implement the Paris climate goals, after all-night negotiations over a plan to limit global temperature rises exposed a range of conflicts. Speaking to AFP at the COP24 summit in Poland, a senior negotiator sai
Published 16 Dec, 2018 12:00am
IMF to conduct debt sustainability analysis

IMF to conduct debt sustainability analysis

The Intern-ational Monetary Fund (IMF) will conduct a proper debt sustainability analysis of Pakistan before granting it a bailout package, said Gerry Rice, Director, IMF Communications Department.
Published 16 Dec, 2018 12:00am
IMF to conduct debt sustainability analysis

IMF to conduct debt sustainability analysis

The Intern-ational Monetary Fund (IMF) will conduct a proper debt sustainability analysis of Pakistan before granting it a bailout package, said Gerry Rice, Director, IMF Communications Department.
Published 16 Dec, 2018 12:00am
IMF to conduct debt sustainability analysis

IMF to conduct debt sustainability analysis

The Intern-ational Monetary Fund (IMF) will conduct a proper debt sustainability analysis of Pakistan before granting it a bailout package, said Gerry Rice, Director, IMF Communications Department.
Published 16 Dec, 2018 12:00am
Mine mouth coal plant: Hubco seeks to ink financial documents

Mine mouth coal plant: Hubco seeks to ink financial documents

Hub Power Company (Hubco) has reportedly expressed its intent to sign financial documents of 330 MW Thar Energy Limited (TEL) power project during Joint Coordination Committee (JCC) meeting to be held next week in Beijing, well-informed sources in the PPI
Published 16 Dec, 2018 12:00am
Mine mouth coal plant: Hubco seeks to ink financial documents

Mine mouth coal plant: Hubco seeks to ink financial documents

Hub Power Company (Hubco) has reportedly expressed its intent to sign financial documents of 330 MW Thar Energy Limited (TEL) power project during Joint Coordination Committee (JCC) meeting to be held next week in Beijing, well-informed sources in the PPI
Published 16 Dec, 2018 12:00am
Mine mouth coal plant: Hubco seeks to ink financial documents

Mine mouth coal plant: Hubco seeks to ink financial documents

Hub Power Company (Hubco) has reportedly expressed its intent to sign financial documents of 330 MW Thar Energy Limited (TEL) power project during Joint Coordination Committee (JCC) meeting to be held next week in Beijing, well-informed sources in the PPI
Published 16 Dec, 2018 12:00am
Clarification

Clarification

In a news item "ZTBL's illegal recruitment case lands in NAB," that appeared in Business Recorder of December 14, 2018, the name of Hakeem Khan was also mentioned amongst the officers whose service is not even two years as working as acting EVP. It
Published 16 Dec, 2018 12:00am
Senator Azam Musakhel dies

Senator Azam Musakhel dies

Pakhtunkhwa Milli Awami Party (PMAP) Senator Sardar Azam Khan Musakhel passed away on Saturday in Karachi. The Baloch senator was under treatment in Karachi due to severe illness.
Published 16 Dec, 2018 12:00am
Senator Azam Musakhel dies

Senator Azam Musakhel dies

Pakhtunkhwa Milli Awami Party (PMAP) Senator Sardar Azam Khan Musakhel passed away on Saturday in Karachi. The Baloch senator was under treatment in Karachi due to severe illness.
Published 16 Dec, 2018 12:00am
Government likely to fix price of imported urea at Rs 1660/bag

Government likely to fix price of imported urea at Rs 1660/bag

The government is likely to fix price of imported urea at Rs 1660 per bag which is Rs 50 per bag leess as compared to local urea. The decision will be taken by the Economic Coordination Committee of the Cabinet on Monday. Informed sources told Business
Published 16 Dec, 2018 12:00am
Government likely to fix price of imported urea at Rs 1660/bag

Government likely to fix price of imported urea at Rs 1660/bag

The government is likely to fix price of imported urea at Rs 1660 per bag which is Rs 50 per bag leess as compared to local urea. The decision will be taken by the Economic Coordination Committee of the Cabinet on Monday. Informed sources told Business
Published 16 Dec, 2018 12:00am
Government likely to fix price of imported urea at Rs 1660/bag

Government likely to fix price of imported urea at Rs 1660/bag

The government is likely to fix price of imported urea at Rs 1660 per bag which is Rs 50 per bag leess as compared to local urea. The decision will be taken by the Economic Coordination Committee of the Cabinet on Monday. Informed sources told Business
Published 16 Dec, 2018 12:00am
Australia recognises west Jerusalem as capital of Israel

Australia recognises west Jerusalem as capital of Israel

Australia now recognises west Jerusalem as Israel's capital, Prime Minister Scott Morrison said Saturday, but a contentious embassy shift from Tel Aviv will not occur until a peace settlement is achieved.
Published 16 Dec, 2018 12:00am
Australia recognises west Jerusalem as capital of Israel

Australia recognises west Jerusalem as capital of Israel

Australia now recognises west Jerusalem as Israel's capital, Prime Minister Scott Morrison said Saturday, but a contentious embassy shift from Tel Aviv will not occur until a peace settlement is achieved.
Published 16 Dec, 2018 12:00am
10 ministries, divisions: Performance reviewed

10 ministries, divisions: Performance reviewed

Prime Minister Imran Khan Saturday reviewed the performance of ministries during the second phase of special cabinet meeting held at the PM's Bani Gala residence.
Published 16 Dec, 2018 12:00am
10 ministries, divisions: Performance reviewed

10 ministries, divisions: Performance reviewed

Prime Minister Imran Khan Saturday reviewed the performance of ministries during the second phase of special cabinet meeting held at the PM's Bani Gala residence.
Published 16 Dec, 2018 12:00am
Electoral setback for Modi

Electoral setback for Modi

Elections in five states have proved a major setback for Indian Prime Minister Narendra Modi and his Bharatiya Janata Party (BJP) and provided a boost for Congress and its still relatively young leader Rahul Gandhi. Variously described as a 'dry run', 'dr
Published 16 Dec, 2018 12:00am
Resolution of an unpleasant dispute

Resolution of an unpleasant dispute

The government has finally made a pragmatic move to end the deadlock over the National Assembly's Public Accounts Committee (PAC) chairmanship that had rendered parliament almost dysfunctional for nearly four months. PTI Vice President Shah Mehmood Quresh
Published 16 Dec, 2018 12:00am
Remembering the Peshawar tragedy

Remembering the Peshawar tragedy

The valiant struggle, waged by Benazir Bhutto, to counter the forces of terrorism, was revived by Tahira Qazi, Principal of Peshawar Army Public School on December 16, 2014, one of the most lamentable barbaric incidents occurred in our history. The terror
Published 16 Dec, 2018 12:00am
The MoU debate - I

The MoU debate - I

Prime Minister's Advisor on Commerce, Textile, Industries and Production, Abdul Razzak Dawood seems to have caused a considerable controversy by stating that Memoranda of Understanding (MoUs) have no worth. He seems to have substantiated his claim by argu
Published 16 Dec, 2018 12:00am
FBR allows filing of tax returns by December 17

FBR allows filing of tax returns by December 17

Federal Board of Revenue (FBR) has allowed filing of Income Tax returns until 17th December 2018 because of the weekend failing on 15th December which was previously announced as the deadline for filing of returns, says a statement issued by the FBR on Sa
Published 16 Dec, 2018 12:00am
PTA chief elected SATRC chairman

PTA chief elected SATRC chairman

Pakistan holds highly successful South Asian Telecommunication Regulators Council (SATRC), attended by all Member States of the Region under the umbrella of the Asia-Pacific Telecommunity (APT). The Chairman SATRC, Digambar Jha, Chairman of Nepal Regulato
Published 16 Dec, 2018 12:00am
PPP eliminated terrorists from Swat in its 100 days: Zardari

PPP eliminated terrorists from Swat in its 100 days: Zardari

Pakistan Peoples Party (PPP) Co-chairman Asif Ali Zardari said that they had rooted out the menace of terrorism form Swat in its initial 100 days in power. Addressing a public meeting here Saturday, he said the PPP not only reclaimed Swat from a terrorist
Published 16 Dec, 2018 12:00am
Afridi visits Shelter Home

Afridi visits Shelter Home

State Minister for Interior Shehryar Afridi Saturday visited Shelter Home set up in the suburbs of the federal capital which has capacity to house 144 people.
Published 16 Dec, 2018 12:00am
Elimination of hepatitis B & C by 2030 termed a dream

Elimination of hepatitis B & C by 2030 termed a dream

World Health Organization's (WHO) target for elimination of Hepatitis B and C by 2030 appears to be a dream for Pakistan, where more than 10 million people infected with viral hepatitis are still undiagnosed while hundreds of them are dying due to complic
Published 16 Dec, 2018 12:00am
Embassy Road, Attaturk Avenue's expansion work in limbo

Embassy Road, Attaturk Avenue's expansion work in limbo

The Capital Development Authority (CDA) has stopped work on the expansion of Embassy Road and Attaturk Avenue for over two weeks after cutting down over 400 mature trees and digging huge holes along the road side, a Business Recorder team noted.
Published 16 Dec, 2018 12:00am
KMC, Shenyang city sign accord for uplift projects: Wasim

KMC, Shenyang city sign accord for uplift projects: Wasim

Mayor Karachi Wasim Akhtar on Saturday said that Karachi Metropolitan Corporation (KMC) had signed many development projects with Shenyang City of China. Speaking at an inaugural ceremony of three-day 14th Build Asia Exhibition organised by E-Commerce Gat
Published 16 Dec, 2018 12:00am
BMP leaders urge government to restore gas supply to industrial sector

BMP leaders urge government to restore gas supply to industrial sector

Senior Vice Chairman of Businessmen Panel (BMP) Mian Zahid Hussain has urged the government to restore instant supply of gas to the industrial sector and both electricity and gas should be provided on competitive prices as of the regional countries. He sa
Published 16 Dec, 2018 12:00am
Vawda blames Sindh government for CNG crisis

Vawda blames Sindh government for CNG crisis

Federal Minister for Water Resources Faisal Vawda on Saturday blamed the Sindh government for the ongoing CNG crisis in the province, saying CNG is a provincial subject after the passage of the 18th Amendment. Speaking to media persons here, the minister
Published 16 Dec, 2018 12:00am
Country's upper region in the grip of cold waves

Country's upper region in the grip of cold waves

A very cold weather gripped the country's upper and mountainous region as temperature Kalam and Skardu shuddered with minus 9 degrees Celsius in the last 24 hours, the Met Office said on Saturday. A very cold weather prevailed over the northern areas of t
Published 16 Dec, 2018 12:00am
Pak-China Steel begins operation with $12 million investment

Pak-China Steel begins operation with $12 million investment

Pak China Steel, the first private blast furnace and manufacturing plant of pig iron in Pakistan, has commenced operation with an investment of US$12 million. The newly setup steel plant is a joint venture of Chinese Jianbang Group and Pakistani Consortiu
Published 16 Dec, 2018 12:00am
Karachi to have five effluent treatment plants

Karachi to have five effluent treatment plants

Five mega effluent treatment plants have been designed for Karachi at the cost of Rs 12 billion to treat the industrial wastewater. Federal and Sindh government approved these plants by committing to share their cost. The tender documents are under prepar
Published 16 Dec, 2018 12:00am
First successful bypass surgery at NICVD TMK

First successful bypass surgery at NICVD TMK

With the first successful bypass surgery at National Institute of Cardiovascular Diseases (NICVD) Satellite Centre, Tando Muhammad Khan became the 4th city to have such facility in Sindh province. In this regard, the cardiac surgeons and NICVD administrat
Published 16 Dec, 2018 12:00am
First Law Students moot organised

First Law Students moot organised

Attorney General of Pakistan Anwar Mansur Khan has said that like every discipline, there is always a slot at the top in the field of law for which students should aim. However, they must not jump to the top, but climb up to avoid a fall.
Published 16 Dec, 2018 12:00am
Minister Petroleum visits PSO HQ

Minister Petroleum visits PSO HQ

Federal Minister for Petroleum Ghulam Sarwar Khan visited the headquarters of Pakistan State Oil (PSO) on Saturday. Jehangir Ali Shah, Managing Director and CEO (PSO) along with the senior management of the company welcomed the minister. The Management of
Published 16 Dec, 2018 12:00am
Terror attack on border: FO lodges strong protest with Iran

Terror attack on border: FO lodges strong protest with Iran

Pakistan on Saturday summoned Iranian Ambassador Mehdi Honardost and lodged with him a strong protest over the terrorist attack along Pakistan-Iran border on Friday night and asked the Iranian government to carry out an effective operation against the ter
Published 16 Dec, 2018 12:00am
PIA fares for international flights reduced

PIA fares for international flights reduced

PIA has announced discounted fares for China, Europe (Except UK) and Afghanistan. Beijing round trip fares have been reduced by Rs 8000 while checked baggage allowance has been increased up to 40 kg. Fares from Pakistan to Kabul have been reduced by Rs 20
Published 16 Dec, 2018 12:00am
SC directs NAB to recover excessive salaries received by ex-DG LDA

SC directs NAB to recover excessive salaries received by ex-DG LDA

The Supreme Court on Saturday directed the National Accountability Bureau (NAB) to recover salaries received by former director general of Lahore Development Authority (LDA) Ahad Cheema being chief executive officer of Bhikki Power Plant over and above hi
Published 16 Dec, 2018 12:00am
LNG sale Trafigura Pakistan applies for licence

LNG sale Trafigura Pakistan applies for licence

Trafigura Pakistan (Pvt) has applied for grant of licence to carry out regulated activity of sale of liquefied natural gas (LNG). The applicant has stated that they will procure the LNG from international market to regasify it at Pakistan Gas Port Consort
Published 16 Dec, 2018 12:00am
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