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Jan 09, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-12-16
Canadian dollar weakens
Currency

Canadian dollar weakens

The Canadian dollar lost ground against its broadly stronger US counterpart on Friday as investors worried about signs of slower global growth and braced for a potential interest rate hike next week from the Federal Reserve. At 4:12 p.m. (2112 GMT), the C
Published 16 Dec, 2018 12:00am
US dollar net longs fall from two-year high
Currency

US dollar net longs fall from two-year high

Speculators pared back net long bets on the US dollar after a nearly two-year high the previous week, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position was $28.
Published 16 Dec, 2018 12:00am
Kazakh tenge seen broadly stable
Currency

Kazakh tenge seen broadly stable

The Kazakh tenge is unlikely to move significantly against the dollar this month as the greenback's global weakness offsets the oil price slump, according to a Reuters poll. Nine of 10 participants in the poll, which was carried out on November 26-30, pre
Published 16 Dec, 2018 12:00am
Investors cut short positions on most Asian currencies

Investors cut short positions on most Asian currencies

Bearish bets on most Asian currencies fell over the past two weeks, a Reuters poll showed on Thursday, as the US Federal Reserve is widely expected to hold rates next year after a near certain hike next week. Wagers on the yuan weakening declined by half
Published 16 Dec, 2018 12:00am
Dollar scales to 19-month peak as gloom grows outside US
Currency

Dollar scales to 19-month peak as gloom grows outside US

The dollar rose to a 19-month high against a basket of currencies on Friday, as worrisome political and economic news outside the United States drove a strong bid for the safety of the greenback. The Chinese yuan fell after data showed China's retail sale
Published 16 Dec, 2018 12:00am
German railway reaches pay deal with main union

German railway reaches pay deal with main union

German railway operator Deutsche Bahn and its main union said Saturday they had reached a pay deal after strikes disrupted services earlier this week. The EVG union, which represents most of the 160,000 DB workers, agreed a 6.1 percent pay rise in all - 3
Published 16 Dec, 2018 12:00am
Mexico loses 10-year WTO battle over US tuna labeling

Mexico loses 10-year WTO battle over US tuna labeling

The United States won a legal battle over "dolphin safe" tuna-labelling on Friday, when the World Trade Organization's appeals judges dismissed Mexico's argument that the US labelling rules violated WTO rules. More than 10 years after the dispute first ca
Published 16 Dec, 2018 12:00am
Western tourists trickle into Saudi Arabia as it tries to open up

Western tourists trickle into Saudi Arabia as it tries to open up

Western tourists, a rarity in Saudi Arabia, visited this weekend under a new visa system, as one of the world's most inaccessible countries tries to open up its society and diversify its economy away from oil. Thousands of fans flocked to Riyadh's histori
Published 16 Dec, 2018 12:00am
China's home price growth slows

China's home price growth slows

Growth in China's new home prices slowed in November as markets in smaller cities lost some of their heat, though the sector remained relatively resilient amid a broader slowdown in economic activity. Average new home prices in China's 70 major cities ros
Published 16 Dec, 2018 12:00am
First Quantum Minerals to cut over 1,000 jobs

First Quantum Minerals to cut over 1,000 jobs

Canada's First Quantum Minerals plans to lay off more than 1,000 workers at Zambia's Kalumbila copper-nickel mine when the government hikes taxes in January, the minister of labour said on Saturday. Labour Minister Joyce Simukoko told Reuters that the man
Published 16 Dec, 2018 12:00am
Boeing opens first 737 plant in China amid US-Sino trade war

Boeing opens first 737 plant in China amid US-Sino trade war

Boeing Co opened its first 737 completion plant in China on Saturday, a strategic investment aimed at building a sales lead over arch-rival Airbus in one of the world's top travel markets that has been overshadowed by the U.S-China trade war. The world's
Published 16 Dec, 2018 12:00am
Judge rules Obamacare unconstitutional, Democrats vow to appeal

Judge rules Obamacare unconstitutional, Democrats vow to appeal

A federal judge in Texas has ruled that the US health care law known as Obamacare is unconstitutional - a ruling that opposition Democrats condemned Saturday and vowed to appeal. US District Judge Reed O'Connor's ruling came on the eve of the Saturday dea
Published 16 Dec, 2018 12:00am
Former Ethiopian president dies

Former Ethiopian president dies

Ethiopian president Girma Woldegiorgis died on Saturday, two weeks short of his 95th birthday, state media reported. Girma was president of Ethiopia for twelve years between 2001 to 2013, a largely ceremonial role. His death was reported by the Ethiopia B
Published 16 Dec, 2018 12:00am
Israeli army razes home of Palestinian attacker

Israeli army razes home of Palestinian attacker

Israeli troops demolished the home of a Palestinian accused of the May killing of a soldier on Saturday, completing a night-long incursion into the Palestinian-controlled city of Ramallah. The raid on the West Bank city where Palestinian president Mahmud
Published 16 Dec, 2018 12:00am
EU urges Turkey to refrain from 'unilateral' Syria move

EU urges Turkey to refrain from 'unilateral' Syria move

The European Union's foreign policy chief on Saturday asked Turkey to forgo any unilateral military action in Syria, where Ankara has threatened a fresh offensive against a US-backed Kurdish militia. "The statements of a possible Turkish military operatio
Published 16 Dec, 2018 12:00am
Ukraine creates church independent from Russia

Ukraine creates church independent from Russia

A historic council of Orthodox bishops in Kiev has created a new Ukrainian church independent from Russia, President Petro Poroshenko announced on Saturday. The announcement came after Ukrainian priests held a historic synod in Kiev's 11th-century Saint S
Published 16 Dec, 2018 12:00am
US sanctions won't change Iran policies, says FM

US sanctions won't change Iran policies, says FM

Iranian Foreign Minister Mohammad Javad Zarif on Saturday said US sanctions will have no impact on the policies of the Islamic republic at home or abroad. "It is obvious that we are facing pressure by the US sanctions. But will that lead to a change in po
Published 16 Dec, 2018 12:00am
Qatar says Gulf alliance needs replacing

Qatar says Gulf alliance needs replacing

Qatar called Saturday for a new regional alliance following the failure of the four-decade-old Gulf Cooperation Council to resolve an 18-month rift between the emirate and its neighbours. Foreign Minister Mohammed bin Abdulrahman Al-Thani said that the bo
Published 16 Dec, 2018 12:00am
Rajapakse bows out, ending Sri Lanka power struggle

Rajapakse bows out, ending Sri Lanka power struggle

Sri Lanka's crisis looked over on Saturday as strongman Mahinda Rajapakse bowed out of a power battle that had crippled the island nation for seven weeks and sent it heading for a possible debt default. Rajapakse held a multi-religious service at his home
Published 16 Dec, 2018 12:00am
Lawai wants to be transferred to Karachi jail

Lawai wants to be transferred to Karachi jail

Hussain Lawai, a close aide of Asif Ali Zardari who is incarcerated in a money laundering case, wants to be transferred from Rawalpindi's Adiala Jail to Karachi's Malir Jail. His lawyer submitted the request in the Supreme Court on Saturday. The court is
Published 16 Dec, 2018 12:00am
Carjacking cases on the rise in Capital

Carjacking cases on the rise in Capital

The incidents of robbery and motor vehicle theft showed a significant increase in the city during the last week as over 13 cases of various kinds of theft and 14 cases of carjacking were reported to various police stations of the federal capital.
Published 16 Dec, 2018 12:00am
NAB shifts Qaiser Amin to PIC

NAB shifts Qaiser Amin to PIC

Former MPA of the Pakistan Muslim League-Nawaz (PML-N) Qaiser Amin Butt, who is in the NAB custody as main accused in the Paragon Housing scam, was shifted to the Punjab Institute of Cardiology (PIC) on Saturday following a heart problem.
Published 16 Dec, 2018 12:00am
Price control body notified for Lahore

Price control body notified for Lahore

The District Administration Lahore on Saturday notified a 30-member price control committee to keep an eye on the prices of fruits and vegetables in all the markets of provincial capital. District Commissioner Lahore Saleha Saeed issued a notification in
Published 16 Dec, 2018 12:00am
SC directs to place Khokhars' name on ECL

SC directs to place Khokhars' name on ECL

The Supreme Court on Saturday directed interior ministry verbally to place the names of MNA Afzal Khokhar and MPA Saiful Mulook Khokhar on the Exit Control List (ECL). The Chief Justice of Pakistan (CJP) Mian Saqib Nisar while hearing a suo motu notice on
Published 16 Dec, 2018 12:00am
Netherlands to face Belgium in hockey World Cup final

Netherlands to face Belgium in hockey World Cup final

Goalkeeper Pirmin Blaak helped the Netherlands set up a title clash with Belgium in the field hockey World Cup after edging out Australia 4-3 on penalties in Bhubaneswar on Saturday. Blaak was on top of his game throughout the semifinal, producing a match
Published 16 Dec, 2018 12:00am
Jesus shines as City regain top spot, Eriksen fires Spurs

Jesus shines as City regain top spot, Eriksen fires Spurs

Manchester City swept back to the top of the Premier League as Gabriel Jesus struck twice in the champions' 3-1 win over Everton, while Christian Eriksen kept Tottenham in the title hunt in a last-gasp 1-0 victory against Burnley on Saturday. Jesus hadn't
Published 16 Dec, 2018 12:00am
Kohli leads Indian fightback

Kohli leads Indian fightback

India expects captain Virat Kohli to continue to lead from the front after he guided their fightback on day two of the second Test against Australia at Perth on Saturday. At stumps, the visitors had overcome a terrible start and were 172 for three, still
Published 16 Dec, 2018 12:00am
Southee stars as Sri Lanka struggle in New Zealand

Southee stars as Sri Lanka struggle in New Zealand

Paceman Tim Southee skittled Sri Lanka's top order with a five-wicket haul to give New Zealand an edge on the opening day of the first Test in Wellington on Saturday. Southee took three scalps in a devastating opening spell to reduce the tourists to nine
Published 16 Dec, 2018 12:00am
Palladium's premium safe as platinum braces for worst year since 2004

Palladium's premium safe as platinum braces for worst year since 2004

Palladium's price premium over platinum will widen next year, with palladium set for its best year on record while platinum slumps to its worst performance since 2004, a Reuters poll showed last month. Shortages of palladium and surpluses of platinum have
Published 16 Dec, 2018 12:00am
Palm oil prices to rebound next year
Vegetable Oil

Palm oil prices to rebound next year

Malaysian palm oil futures are expected to rebound next year after an extended slide through 2018 if an El Nino weather pattern predicted by experts reduces production, industry analyst Dorab Mistry said on Wednesday. Japan's national weather bureau said
Published 16 Dec, 2018 12:00am
Brazil approves WTO action over India sugar

Brazil approves WTO action over India sugar

The Brazilian government approved consultations at the World Trade Organization regarding subsidies it says India gives to cane producers and sugar exporters, Brazil's trade ministry said. Brazil said it has decided to start a formal action at the WTO aft
Published 16 Dec, 2018 12:00am
India's sugar output may drop next year as drought cuts cane planting

India's sugar output may drop next year as drought cuts cane planting

India's sugar production could fall in 2019/20 as farmers are struggling to plant cane because of a drought in two of the country's top producing states, according to multiple industry officials and traders. A drop in production would slash exports from t
Published 16 Dec, 2018 12:00am
Fairtrade to raise floor price, premium for cocoa farmers

Fairtrade to raise floor price, premium for cocoa farmers

Fairtrade International will raise the floor price and fixed premium it requires companies to pay cocoa farmers for their beans under its scheme, the non-profit organisation said on Monday. The certification group will increase its Fairtrade Minimum Price
Published 16 Dec, 2018 12:00am
Ukraine expects record maize harvest, rising sales to China

Ukraine expects record maize harvest, rising sales to China

Ukraine's maize harvest may hit a record 27-28 million tonnes this year and sales to China could rise by 10 percent due to the trade war between Washington and Beijing, the country's acting agriculture minister said. China has accused the United States of
Published 16 Dec, 2018 12:00am
Winter is looking a little weird for China's commodities

Winter is looking a little weird for China's commodities

The northern winter usually leads to a demand and price peak for several major commodities in Asia, but this year is bucking the trend for coal, liquefied natural gas (LNG) and iron ore. There doesn't appear to be one single driving narrative causing the
Published 16 Dec, 2018 12:00am
Strategie Grains sees 2019 EU wheat crop rebound to four-year high

Strategie Grains sees 2019 EU wheat crop rebound to four-year high

European Union grain crops will jump in 2019 with soft wheat, the main crop cultivated in the bloc, hitting a four-year high due mainly to a sharp rise in projected yields after a severe drought this year, Strategie Grains said on Thursday.
Published 16 Dec, 2018 12:00am
China's aluminium output rebounds, defies weak prices

China's aluminium output rebounds, defies weak prices

China's primary aluminium output rebounded in November after three straight months of decline, defying a fall in prices for the metal used in everything from construction to making cars. Analysts were surprised by the climb, which came as smelters apparen
Published 16 Dec, 2018 12:00am
Prices of essential kitchen items witness upward trend

Prices of essential kitchen items witness upward trend

Prices of most of the essential kitchen items, excluding vegetables, have witnessed an increase during this week past as compared to preceding week, a survey conducted by Business Recorder revealed here on Saturday. The survey observed that during
Published 16 Dec, 2018 12:00am
JCC on CPEC to meet in Beijing on December 20

JCC on CPEC to meet in Beijing on December 20

The 8th meeting of Joint Coordination Committee (JCC) on China -Pakistan Economic Corridor (CPEC) will be held here on Thursday. The JCC is most important official forum for undertaking CPEC's relating projects and issues through mutual consultation with
Published 16 Dec, 2018 12:00am
Government to go for 'major surgery' in Punjab: Aleem Khan

Government to go for 'major surgery' in Punjab: Aleem Khan

Punjab Senior Minister Abdul Aleem Khan has said that basic changes will be brought in the structure and capable officers will be supported to ensure long-term betterment in the province. He expressed these views while presiding over a meeting of Advisory
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
'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
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