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Print - 2019-03-31
Apple pulls plug on wireless charging mat

Apple pulls plug on wireless charging mat

Apple Inc on Friday said it is canceling the AirPower wireless charging mat that the company announced in 2017 on the same day as its iPhone X, a rare public retreat for the gadget maker known for splashy product launches. The mat was intended to wireless
Published 31 Mar, 2019 12:00am
New Silk Road critics are 'prejudiced', says China's top diplomat

New Silk Road critics are 'prejudiced', says China's top diplomat

China has never forced debt upon participants of its new Silk Road project as "prejudiced" critics have suggested, the country's top diplomat said on Saturday in a strongly worded defence of a key policy platform of President Xi Jinping Xi's Belt and Road
Published 31 Mar, 2019 12:00am
Omani oil minister sees prices staying in $65-$75 range until year-end

Omani oil minister sees prices staying in $65-$75 range until year-end

Omani Energy Minister Mohammed bin Hamad al-Rumhy said he expected global oil prices to stay in a range between $65 and $75 a barrel until the end of the year, the state-run Oman News Agency (ONA) reported on Saturday. He was also quoted as saying Oman re
Published 31 Mar, 2019 12:00am
Sisi raises minimum wage to help assuage economic hardships

Sisi raises minimum wage to help assuage economic hardships

Egypt's President Abdel Fattah al-Sisi has raised the country's minimum wage to 2,000 Egyptian pounds ($116) a month from 1,200 pounds, he said at an event on Saturday celebrating women. Sisi said the raise would apply to all Egyptian workers and added th
Published 31 Mar, 2019 12:00am
New recording released in Canada PM meddling scandal

New recording released in Canada PM meddling scandal

A political meddling scandal threatening Prime Minister Justin Trudeau's re-election bid was given fresh impetus Friday with the release of messages and a secret recording supplied by his former attorney general. The House of Commons justice committee, lo
Published 31 Mar, 2019 12:00am
Quake shakes Greece

Quake shakes Greece

A 5.2-magnitude quake jolted central Greece on Saturday, the country's civil protection said, with no immediate reports of damage. The quake had a depth of around 14 kilometres (8.6 miles) and an epicentre near the town of Galaxidi in the Gulf of Corinth,
Published 31 Mar, 2019 12:00am
Thai King strips ex-premier Thaksin of royal decorations

Thai King strips ex-premier Thaksin of royal decorations

The Thai king has revoked the royal decorations of billionaire ex-premier Thaksin Shinawatra, citing his conviction and "extremely inappropriate" flight from the country, according to an announcement published Saturday. The statement in the Royal Gazette
Published 31 Mar, 2019 12:00am
Afghan vice president survives Taliban attack

Afghan vice president survives Taliban attack

Taliban fighters on Saturday attacked a convoy carrying Afghanistan's vice president Abdul Rashid Dostum, in an assault that left the former warlord unscathed but killed one of his bodyguards, an official told AFP. Enayatullah Babur, Dostum's former chief
Published 31 Mar, 2019 12:00am
Taliban kill nine policemen

Taliban kill nine policemen

Nine Afghan policemen were killed when Taliban fighters stormed their checkpoints and launched a follow-up ambush in the eastern Afghanistan city of Ghazni, officials said Saturday. The assault began early Friday when the Taliban attacked two adjacent che
Published 31 Mar, 2019 12:00am
Flash floods kill at least 35 in Afghanistan

Flash floods kill at least 35 in Afghanistan

Flash floods caused by heavy rains have killed at least 35 people in Afghanistan, washing away houses and cutting off access to remote villages across parts of the country, officials said Saturday. Heavy flooding that started early Friday killed at least
Published 31 Mar, 2019 12:00am
French 'yellow vests' stage 20th week of anti-government protests

French 'yellow vests' stage 20th week of anti-government protests

French "yellow vests" demonstrators on Saturday staged their 20th week of anti-government protests despite bans in hotspot areas, as banks called for an end to violence against branches, cash machines and personnel. Police had struggled two weeks earlier
Published 31 Mar, 2019 12:00am
Pope says Jerusalem 'common patrimony' on Morocco trip

Pope says Jerusalem 'common patrimony' on Morocco trip

Pope Francis joined Morocco's King Mohammed VI on Saturday in declaring Jerusalem the "common patrimony" of Christians, Jews and Muslims, on the first day of a visit to the North African country. The leader of the Catholics was invited by King Mohammed VI
Published 31 Mar, 2019 12:00am
Members of Saudi team that killed Khashoggi received training in US

Members of Saudi team that killed Khashoggi received training in US

Members of the Saudi team that killed journalist Jamal Khashoggi received training in the United States, the Washington Post has reported, revealing other new elements in the death of the newspaper's former contributor. A critic of the Saudi regime, Khash
Published 31 Mar, 2019 12:00am
Trump threatens to shut Mexico border, again

Trump threatens to shut Mexico border, again

President Donald Trump on Thursday again threatened to seal the US-Mexican border, claiming in a tweet that America's southern neighbor is allowing illegal immigrants to cross unhindered. "May close the Southern Border!" the president wrote.
Published 31 Mar, 2019 12:00am
UK watchdog puts Brexit war chest at £26.6 billion

UK watchdog puts Brexit war chest at £26.6 billion

Britain will have a £26.6-billion ($35.2-billion, 31.1-billion-euro) war chest to battle the potential damage of its exit from the European Union, a government oversight body said. With the Brexit deadline approaching on March 29 and no deal reached over
Published 31 Mar, 2019 12:00am
Business activity falls on cotton market
Cotton

Business activity falls on cotton market

Business activity was down on the cotton market on Saturday as ginners refrained from fresh selling of fine variety, dealers said. The official spot rate was unchanged at Rs 8,600, they added. In the ready session, around 3000 bales of cotton changed hand
Published 31 Mar, 2019 12:00am
Brazil's C-S mills crushing cane down by half in March

Brazil's C-S mills crushing cane down by half in March

Brazil's cane industry group Unica said on Tuesday that 27 mills were operating in the center-south region in the first half of March, compared with 50 mills at this time last year. Unica said center-south mills crushed 1.59 million tonnes of cane in the
Published 31 Mar, 2019 12:00am
Canadian canola futures firmer

Canadian canola futures firmer

ICE Canadian canola futures firmed on Thursday, supported by a round of bargain buying and technical support after the market failed to take out recent lows during overnight trading, traders said. End users were bidding prices higher to try and entice som
Published 31 Mar, 2019 12:00am
Euronext wheat futures fall to two-week low

Euronext wheat futures fall to two-week low

Euronext wheat futures eased again on Thursday to touch a new two-week low, pressured by a weaker trend in Chicago ahead of widely followed US planting estimates and doubts about late-season French export prospects. Benchmark May milling wheat on Paris-ba
Published 31 Mar, 2019 12:00am
2018 spike in energy demand spells climate trouble: IEA

2018 spike in energy demand spells climate trouble: IEA

A 2.3 percent jump in global energy demand last year outstripped the expansion of renewables and helped drive record-high greenhouse gas emissions, the International Energy Agency (IEA) said Tuesday. Fossil fuels satisfied nearly 70 percent of that growth
Published 31 Mar, 2019 12:00am
MENA fund managers increase investments in UAE, Egypt

MENA fund managers increase investments in UAE, Egypt

Middle Eastern funds plan to increase their investments in the United Arab Emirates (UAE) and Egypt over the next three months, while largely keeping their exposure to other countries in the region at current levels, according to a Reuters poll. Dubai was
Published 31 Mar, 2019 12:00am
MENA fund managers increase investments in UAE, Egypt

MENA fund managers increase investments in UAE, Egypt

Middle Eastern funds plan to increase their investments in the United Arab Emirates (UAE) and Egypt over the next three months, while largely keeping their exposure to other countries in the region at current levels, according to a Reuters poll. Dubai was
Published 31 Mar, 2019 12:00am
Trade hopes lift Wall Street; S&P notches best quarter since 2009

Trade hopes lift Wall Street; S&P notches best quarter since 2009

US stocks ended the final trading day of the first quarter on a strong note on Friday and the S&P 500 posted its best quarterly gain since 2009, boosted by optimism over the latest round of trade talks between the United States and China. The two sides sa
Published 31 Mar, 2019 12:00am
Lyft shares soar on Nasdaq debut, setting stage for Uber
Mutual Funds

Lyft shares soar on Nasdaq debut, setting stage for Uber

Lyft Inc's shares rose as much as 23 percent in their market debut on Friday, amid strong investor demand for the ride-hailing service that bodes well for larger rival Uber Technologies Inc . Lyft's IPO, which is the year's biggest thus far, sets the stag
Published 31 Mar, 2019 12:00am
Indonesia raises 21.1 trillion rupiah from retail sukuk

Indonesia raises 21.1 trillion rupiah from retail sukuk

Indonesia has raised 21.1 trillion rupiah ($1.49 billion) through the sale of retail Islamic bonds, the finance ministry said on Tuesday, as Jakarta bumps up such issuance to reduce its dependence on foreign funds. The Islamic bonds, offered between March
Published 31 Mar, 2019 12:00am
Indonesia raises 21.1 trillion rupiah from retail sukuk

Indonesia raises 21.1 trillion rupiah from retail sukuk

Indonesia has raised 21.1 trillion rupiah ($1.49 billion) through the sale of retail Islamic bonds, the finance ministry said on Tuesday, as Jakarta bumps up such issuance to reduce its dependence on foreign funds. The Islamic bonds, offered between March
Published 31 Mar, 2019 12:00am
Global funds raise stock allocations and cut cash buffer

Global funds raise stock allocations and cut cash buffer

Global funds recommended switching cash back into equities in March as stocks have recovered smartly despite some turbulence this quarter from a deep sell-off late last year, a Reuters poll showed. While there are clear signs of a global economic slowdown
Published 31 Mar, 2019 12:00am
Global funds raise stock allocations and cut cash buffer

Global funds raise stock allocations and cut cash buffer

Global funds recommended switching cash back into equities in March as stocks have recovered smartly despite some turbulence this quarter from a deep sell-off late last year, a Reuters poll showed. While there are clear signs of a global economic slowdown
Published 31 Mar, 2019 12:00am
Rebound seen for Swedish, Norwegian currencies
Currency

Rebound seen for Swedish, Norwegian currencies

The currencies of Sweden and Norway will make large gains against the dollar over the next 12 months and more moderate advances when compared to the euro, according to recent Reuters poll forecast. Both countries' central banks raised key policy interest
Published 31 Mar, 2019 12:00am
Bullish bets on Indian rupee rise, yuan longs recede
Currency

Bullish bets on Indian rupee rise, yuan longs recede

Bullish positions in the Indian rupee firmed over the past two weeks, a Reuters poll showed on Thursday, ahead of general election, while long positions in the yuan unwound on concerns over slowing domestic demand and uncertainty around Sino-US trade talk
Published 31 Mar, 2019 12:00am
Serbia bank buys euros to rein in dinar
Currency

Serbia bank buys euros to rein in dinar

Serbia's central bank bought an unspecified amount of euros on the local interbank market on Friday to help rein in the dinar, which has been bolstered by foreign direct investments and the currency carry trade, dealers said.
Published 31 Mar, 2019 12:00am
Speculators' net long US dollar bets fall modestly
Currency

Speculators' net long US dollar bets fall modestly

Speculators' net long bets on the US dollar fell modestly in the latest week to $29.25 billion, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the net long dollar position from the prior
Published 31 Mar, 2019 12:00am
Canadian dollar beats G10 rivals in first quarter
Currency

Canadian dollar beats G10 rivals in first quarter

The Canadian dollar rallied to a one-week high against the greenback on Friday, to end the first quarter up more than 2 percent as investors cut bearish bets on the currency after data showed surprising strength in the domestic economy. The Canadian econo
Published 31 Mar, 2019 12:00am
Dollar lifted by sterling's fall on Brexit deal defeat
Currency

Dollar lifted by sterling's fall on Brexit deal defeat

The US dollar benefited Friday from sterling's slide after parliament for the third time rejected Prime Minister Theresa May's proposed deal to pull Britain out of the European Union. With May losing again - albeit by a smaller margin than the previous tw
Published 31 Mar, 2019 12:00am
Rs 500 million grant for cancer patients of KP

Rs 500 million grant for cancer patients of KP

KP Health Minister Hisham Inamaullah Khan on Saturday said that the provincial government has given a grant amounting to Rs.500 million for the treatment of the patients of cancer while another amount of Rs.297 million have been released for the purpose o
Published 31 Mar, 2019 12:00am
Pollen allergy cases on the rise in Islamabad

Pollen allergy cases on the rise in Islamabad

With the advent of spring in the federal capital, the number of pollen allergy patients has witnessed a dramatic increase in city hospitals and clinics. Pakistan Institute of Medical Sciences (PIMS) and Polyclinic Hospital doctors told this scribe that th
Published 31 Mar, 2019 12:00am
Sehat Insaf cards' distribution begins in tribal districts

Sehat Insaf cards' distribution begins in tribal districts

Federal Minister for Religious Affairs, Noor Ul Haq Qadri on Saturday distributed Sehat Insaf cards among deserving people during a ceremony held at tribal Khyber district. The distribution of Insaf Cards has been initiated in the tribal districts on the
Published 31 Mar, 2019 12:00am
Pak-China border via Khunjerab top to re-open

Pak-China border via Khunjerab top to re-open

Pak-China Border via Khunjerab top will re-open for trade and travel from Monday. According to protocol singed between both the friendly countries, the border remains closed from 1st of December to 1st of April every year due to heavy snowfall, Radio Paki
Published 31 Mar, 2019 12:00am
Telenor Pakistan partners with Alibaba Cloud

Telenor Pakistan partners with Alibaba Cloud

Telenor Pakistan has partnered with Alibaba Cloud, the cloud computing arm of Alibaba Group, to become the authorised distributor of Alibaba Cloud products and services in Pakistan. The signing ceremony took place at Telenor Pakistan headquarters '345' wh
Published 31 Mar, 2019 12:00am
Pak Suzuki Motors increases vehicles' prices

Pak Suzuki Motors increases vehicles' prices

Pak Suzuki Motors has increased prices of its different variants from Rs 10,000 to Rs 100,000 to be effective from April 1, 2019 due to rupee depreciation. M/s Suzuki has informed its dealers that the price of Mehran VX has been increased by Rs 30,000 to
Published 31 Mar, 2019 12:00am
Balochistan & Fifth generation warfare

Balochistan & Fifth generation warfare

Media networks have recently had a policy shift towards educating the masses aptly packaged with entertainment. People have hardly known how the drug cartel worked and later uprooted before tuning in to one of their favorite seasons on Netflix. In the sam
Published 31 Mar, 2019 12:00am
QSE discharge 11058 MT DAP fertilizer at PQ

QSE discharge 11058 MT DAP fertilizer at PQ

Quayside Services Enterprise (QSE) Stevedore and Fatima Group team bilaterally has achieved the remarkable discharging rate of 11058 MT DAP fertilizer in history of Karachi Port at East Wharf. It is the highest ever DAP handling record in last 25 years at
Published 31 Mar, 2019 12:00am
Tobacco products: Ministry to push for 'Health Tax' in budget

Tobacco products: Ministry to push for 'Health Tax' in budget

Ministry of National Health Services, Regulations and Coordination will push the government to include "Health Tax" in the upcoming budget for fiscal year 2019-20 to cut rising tobacco consumption and increase the revenue, officials said on Saturday. A se
Published 31 Mar, 2019 12:00am
Tobacco products: Ministry to push for 'Health Tax' in budget

Tobacco products: Ministry to push for 'Health Tax' in budget

Ministry of National Health Services, Regulations and Coordination will push the government to include "Health Tax" in the upcoming budget for fiscal year 2019-20 to cut rising tobacco consumption and increase the revenue, officials said on Saturday. A se
Published 31 Mar, 2019 12:00am
SBP hosts seminar on 'Internal Audit'

SBP hosts seminar on 'Internal Audit'

State Bank of Pakistan (SBP) hosted a seminar on 'Internal Audit: Emerging Challenges and Effective Practices in Central Banks' under the aegis of SAARCFINANCE Forum at National Institute of Banking and Finance, Islamabad during 27-29 March 2019. While ad
Published 31 Mar, 2019 12:00am
Fixed tax scheme for traders likely next week

Fixed tax scheme for traders likely next week

Exporters have expressed satisfaction at the implementation of Finance Supplementary (Second Amendment) Act, 2019, with 78 claimants having opted for sales tax refund bonds of Rs 15 billion to be issued in April 2019, besides issuance of refund payment or
Published 31 Mar, 2019 12:00am
Rangers role in restoring peace in Karachi lauded

Rangers role in restoring peace in Karachi lauded

Minister of State for Interior Shehryar Afridi says peace has been restored in Karachi and no one can disrupt it again. Addressing the 26th passing out parade of Sindh Rangers here on Saturday, he said Rangers have played a key role in restoring peace in
Published 31 Mar, 2019 12:00am
Nawaz undergoes more medical tests

Nawaz undergoes more medical tests

On the advice of doctors of Sharif Medical City Hospital, more medical tests of the former Prime Minister Nawaz Sharif were conducted here Saturday, to determine his health condition. Nawaz accompanied by his personal physician, Dr. Mohammad Adnan reached
Published 31 Mar, 2019 12:00am
Earth Hour marked in Lahore

Earth Hour marked in Lahore

WWF-Pakistan joined more than 180 nations around the world to celebrate Earth Hour on Saturday, the global movement united by millions of people worldwide to show their commitment to protect the planet. In Lahore, Earth Hour was celebrated at WAPDA House,
Published 31 Mar, 2019 12:00am
Faisalabad Expo-2019 opens in Lahore

Faisalabad Expo-2019 opens in Lahore

The Punjab in general and Faisalabad in particular is ready to play a pivotal role to strengthen economy while government is also making serious efforts to attract maximum Foreign Direct Investment (FDI) to promote trade and industry in Pakistan.
Published 31 Mar, 2019 12:00am
Canadian company shows interest in setting up solar power plants

Canadian company shows interest in setting up solar power plants

A Canadian company has shown its interest for setting up modern solar power plants, to meet the growing electricity demand in the country. The representative of the Canadian company Faiz Ahmed Faizi and Chief Executive Grace Solar Pakistan Nouman Khan in
Published 31 Mar, 2019 12:00am
By-election in Multan today

By-election in Multan today

Polling for by-election on Punjab Assembly seat PP-218 Multan-VIII will be held on Sunday. According to Election Commission one hundred thirty eight polling stations have been set up for the by-polls in the constituency.
Published 31 Mar, 2019 12:00am
Journalist picked up by armed people

Journalist picked up by armed people

Matloob Hussain Mosvi, a journalist currently associated with an Urdu daily was reportedly picked up by unidentified armed men from his residence located in the remits of Alflah Police Station, Korangi District, on Saturday. Family sources told Busines
Published 31 Mar, 2019 12:00am
e-filing of tax returns: FBR urged to extend date

e-filing of tax returns: FBR urged to extend date

Pakistan Tax Bar Association (PTBA) has requested the Federal Board of Revenue (FBR) to extend the date of e-filing of tax returns till April 30, 2019. In a letter sent to the chairman FBR, PTBA said that following the extension being granted, many tax re
Published 31 Mar, 2019 12:00am
Lahore-Abdul Hakeem Motorway opens today

Lahore-Abdul Hakeem Motorway opens today

Federal Minister for Communications and Postal Services, Murad Saeed and Governor Punjab, Chaudhry Muhammad Sarwar will jointly inaugurate Lahore-Abdul Hakeem Motorway at Jaranwala Interchange (M-3) on March 31. This is an important segment of Karachi-Pes
Published 31 Mar, 2019 12:00am
PTI government making policies for economic prosperity: Sarwar

PTI government making policies for economic prosperity: Sarwar

Punjab Governor Chaudhary Mohammad Sarwar has said that the PTI government is making long-term policies instead of ad hoc policies for economic prosperity. "Economic crisis is result of bad governance and corruption of successive governments. We will not
Published 31 Mar, 2019 12:00am
Minister questions the timing of Bilawal's allegations

Minister questions the timing of Bilawal's allegations

Minister of State for Interior Shehryar Afridi has said the government was unfazed by allegations levelled by Bilawal Bhutto-Zardari and would respond when needed. ""Why does he speak the version of someone else whenever a discussion opens about NAB cases
Published 31 Mar, 2019 12:00am
Pakistanis seek world record in ancient sport of tent-pegging

Pakistanis seek world record in ancient sport of tent-pegging

Traditional drumbeats and melodious shahnai flutes are drowned out by thundering hooves in the small Pakistani city of Tulamba, as riders pound down a dusty track seeking world record glory in the ancient sport of tent-pegging. Riders in bright costumes d
Published 31 Mar, 2019 12:00am
US-Pak women's council launches training programme

US-Pak women's council launches training programme

Rising Pakistani women business leaders will have access to world-class mentoring and training through the expansion of the US-Pakistan Women's Council, a unique public-private partnership between the US Government, Texas A&M University, and private compa
Published 31 Mar, 2019 12:00am
Kaira asks Imran to reveal names seeking relief

Kaira asks Imran to reveal names seeking relief

Pakistan People's Party (PPP) Punjab President Qamar Zaman Kaira has urged Prime Minister Imran Khan to reveal the names of those seeking relief. He was talking to media on Saturday at the central office of PPP Punjab. He criticized him for calling public
Published 31 Mar, 2019 12:00am
APBF, PTEA sign MoU to promote trade & industry

APBF, PTEA sign MoU to promote trade & industry

The All Pakistan Business Forum (APBF) and the Pakistan Textile Exporters Association (PTEA) have agreed to initiate joint efforts for promotion of trade and industry in the country. The decision was made at a meeting between the APBF President Syed Maaz
Published 31 Mar, 2019 12:00am
NAVTTC working to create demand-driven skilled manpower

NAVTTC working to create demand-driven skilled manpower

Chairman, National Vocational & Technical Training Commission (NAVTTC), Javed Hassan has said that the commission under Technical and Vocational Education and Training (TVET) reforms is working on a plan to take the capacity of skill training to at least
Published 31 Mar, 2019 12:00am
Prices of essential kitchen items go up

Prices of essential kitchen items go up

Prices of most of the essential kitchen items including tea, sugar, wheat flour, ghee/cooking oil, spices, pulses, chicken and fruits went up during this week past as compared to preceding week, a survey conducted by Business Recorder revealed here
Published 31 Mar, 2019 12:00am
Sturgeon Capital, KASB Securities announce partnership agreement

Sturgeon Capital, KASB Securities announce partnership agreement

Sturgeon Capital, a UK based asset manager specializing in frontier markets has signed a partnership agreement with Khadim Ali Shah Bukhari Securities for investment in Pakistan. Under the agreement, Khadim Ali Shah Bukhari Securities will provide Sturgeo
Published 31 Mar, 2019 12:00am
Physical remand of Durrani extended till April 12

Physical remand of Durrani extended till April 12

An accountability court on Saturday extended physical remand of Sindh Assembly Speaker Agha Siraj Durrani until April 12 in assets beyond means case. The National Accountability Bureau (NAB) had sought 15 days' physical remand of Durrani for further quest
Published 31 Mar, 2019 12:00am
CJP highlights importance of legal profession

CJP highlights importance of legal profession

Chief Justice of Pakistan (CJP), Justice Asif Saeed Khan Khosa on Saturday said there was a time when the legal profession used to enjoy a great respect. Speaking at a private law college, CJP said although the legal community in Pakistan earned more resp
Published 31 Mar, 2019 12:00am
Dharejo new Sindh anti-corruption chairman

Dharejo new Sindh anti-corruption chairman

The Sindh Enquiries and Anti-Corruption Establishment Chairman Mukhtar Hussain Soomro have been removed from his position by the provincial government. According to details, a grade-21 officer Inmaullah Dharejo has been appointed as new Sindh Enquiries an
Published 31 Mar, 2019 12:00am
MQM hails PM's Karachi package

MQM hails PM's Karachi package

Muttahida Qaumi Movement-Pakistan (MQM-P) on Saturday welcomed announcement of Rs 162 billion development package for Karachi by Prime Minister Imran Khan. "Huge development package is a positive step for Karachi because it and other urban centres of the
Published 31 Mar, 2019 12:00am
Rates for natural gas, RLNG consumers not being increased

Rates for natural gas, RLNG consumers not being increased

The Petroleum Division confirmed that the prices for natural gas and RLNG consumers are not being increased on account of RLNG sold by SNGPL to the domestic sector during the winter season and hence the news item is not factual. Accordingly RLNG price wil
Published 31 Mar, 2019 12:00am
Hameed Haroon elected APNS president

Hameed Haroon elected APNS president

The APNS has elected Hameed Haroon as President, Rameeza Majid Nizami as Senior Vice President, Mumtaz A. Tahir as Vice President, Sarmad Ali as Secretary General, Syed Muhammad Munir Jilani as Joint Secretary and Shahab Zuberi as Finance Secretary of the
Published 31 Mar, 2019 12:00am
India establishes 'Terror Monitoring Group' in IoK

India establishes 'Terror Monitoring Group' in IoK

In its latest attempt to suppress the freedom struggle of Kashmiris, Indian Ministry of Home Affairs on Friday formed a multi-disciplinary Terror Monitoring Group (TMG) for what has been claimed to "ensure concerted action against terror financing and oth
Published 31 Mar, 2019 12:00am
Legal fraternity demands reversal of NJPMC's decision

Legal fraternity demands reversal of NJPMC's decision

The legal fraternity demands reversal of National Judicial (Policy Making) Committee (NJPMC) decision and restoration of previous practice as to entertainment of applications under Sections 22A and 22B of Code of Criminal Procedure (CrPC) at the earliest
Published 31 Mar, 2019 12:00am
Pesco recovers Rs 4.8 million from defaulters

Pesco recovers Rs 4.8 million from defaulters

The task force of Peshawar Electric Supply Company (Pesco) has recovered Rs4.8 million from defaulters and removed 179 direct hooks during an on-going campaign against power theft in Mardan Circle. Spokesman of the Pesco in a statement issued here on Satu
Published 31 Mar, 2019 12:00am
Several crime cases reported in Capital

Several crime cases reported in Capital

Over six cases of various kinds of theft, four cases of motor vehicle theft, three cases of kidnapping and two cases of murder were reported to various police stations of the city during the last week. According to data gathered by Business Recorder, the
Published 31 Mar, 2019 12:00am
Saudi officials to review 'Road to Makkah' arrangements

Saudi officials to review 'Road to Makkah' arrangements

A 14-member delegation from Saudi Arabia's interior ministry is due in Islamabad on Monday to review arrangements related to 'Road to Makkah' project. The project is initiated to assist Hajj pilgrims wherein all immigration requirements will be fulfilled
Published 31 Mar, 2019 12:00am
Fawad urges Nawaz to seek plea bargain

Fawad urges Nawaz to seek plea bargain

Minister for Information and Broadcasting Fawad Chaudhry on Saturday asked whether former premier Nawaz Sharif's primary concern was getting himself release from the prison or the last week of the bail granted to him is being awaited. He took to Twitter,
Published 31 Mar, 2019 12:00am
Sattar acquitted in loudspeaker act violation case

Sattar acquitted in loudspeaker act violation case

A sessions court in Karachi on Saturday acquitted senior politician Farooq Sattar in a case pertaining to violating the Loudspeaker Act. Sattar was indicted in the case on October 3, 2018, where he had pleaded not guilty to the charges.
Published 31 Mar, 2019 12:00am
Border Police commit suicide in Baramulla

Border Police commit suicide in Baramulla

An officer of Indo-Tibetan Border Police (ITBP) committed suicide in Baramulla district in Occupied Kashmir on Saturday. A sub-Inspector of ITBP, Chandar Mani, ended his life by shooting himself with his service rifle at a camp in Kunzar area of the distr
Published 31 Mar, 2019 12:00am
Dr Badar posted as DG LDA

Dr Badar posted as DG LDA

Dr. Badar Jamil Mandhro, an officer of BS-20 has been posted as Director General of Lyari Development Authority (LDA) with immediate effect. Dr. Badar Jamil Mandhro was serving as Director General of Hyderabad Development Authority.
Published 31 Mar, 2019 12:00am
Revenue collection: MCC Islamabad witness 14 percent growth

Revenue collection: MCC Islamabad witness 14 percent growth

Model Customs Collectorate (MCC), Islamabad has witnessed 14 percent growth during July-March period. According to details, both stations of MCC, Islamabad - International Airfreight Unit and Dry Port have achieved their respective targets.
Published 31 Mar, 2019 12:00am
SHC seeks report over delay in Gharo-Keti road project

SHC seeks report over delay in Gharo-Keti road project

A division bench of Sindh High has sought the comments from federal government, Sindh government and chairman National Highway Authority (NHA) regarding non-completion of Rs 3.5 billion Gharo-Keti Bandar road project. SHC directed federal and provincial g
Published 31 Mar, 2019 12:00am
Mercury soars to 39.5° Celsius in Karachi

Mercury soars to 39.5° Celsius in Karachi

The city sizzled with 39.5 degree Celsius as the Met Office also forecast hot weather for Sindh in the next 24 hours. A Met official told Business Recorder on Saturday that temperature might remain between 37 39 degree Celsius on Sunday. However, h
Published 31 Mar, 2019 12:00am
Business leaders hail PM's Karachi Package

Business leaders hail PM's Karachi Package

Business community has welcomed Prime Minister Imran Khan's announcement regarding Rs 162 billion package for Karachi. United Business Group patron-in-chief S.M Muneer said that the package is need of the hour to improve infrastructure of the city which i
Published 31 Mar, 2019 12:00am
Sindh governor, US envoy discuss investment prospects

Sindh governor, US envoy discuss investment prospects

U.S. Ambassador Paul W. Jones, Chargé d'Affaires, emphasized the importance of Karachi as the economic hub of Pakistan, highlighted the importance of people-to-people ties, and celebrated U.S. Independence Day with the citizens of southern Pakistan.
Published 31 Mar, 2019 12:00am
PM vows to make Pakistan green

PM vows to make Pakistan green

Prime Minister Imran Khan on Saturday vowed to make Pakistan green, saying that country's landscape needs a massive forestation to secure the future generation from serious environmental consequences. Addressing a ceremony to inaugurate the renovated Bagh
Published 31 Mar, 2019 12:00am
Afridi lauds services of Jamia Binoria

Afridi lauds services of Jamia Binoria

Minister of State for Interior Shehryar Afridi has said that Islam is the religion of peace and Ulema and students of madaris (religious seminaries) are to serve Islam and people for the cause of Allah. "It is an honour for Pakistan that even foreigners b
Published 31 Mar, 2019 12:00am
'Relief and mobilisation'

'Relief and mobilisation'

This is apropos a Business Recorder editorial "Relief and mobilization" carried by the newspaper yesterday. According to it, "Chairman Pakistan People's Party (PPP) Bilawal Bhutto Zardari has embarked on his train march from Karachi to Larkana as p
Published 31 Mar, 2019 12:00am
Touring the town, researchers feel London's Brexit pulse

Touring the town, researchers feel London's Brexit pulse

An Italian anthropologist is touring London on a red double-decker bus on a mission to capture the capital's views on Brexit in the middle of an unprecedented crisis. Domenico Sergi, 39, said his research for the Museum of London had taken him to the capi
Published 31 Mar, 2019 12:00am
'Now I'm nothing': Zimbabwe floods leave local traders destitute

'Now I'm nothing': Zimbabwe floods leave local traders destitute

In eastern Zimbabwe's Rusitu Valley, heavy rain brought by Cyclone Idai this month caused flooding that rampaged through dozens of small grocery stores and market stalls. Their owners have been left with almost nothing after the storm hit Chimanimani and
Published 31 Mar, 2019 12:00am
Dealing with the energy mess

Dealing with the energy mess

The power prices in Pakistan are probably the highest in the region, and are expected to go further high. To the surprise of many, the per capita energy consumption in Pakistan is not too low, but energy wastages are high. The inefficiencies in the genera
Published 31 Mar, 2019 12:00am
Modi's space walk

Modi's space walk

India shot down its own helicopter last month but wants to be a space power. If Narendra Modi's electoral commitments to ensure socio-economic empowerment of people didn't materialise, his promises for the upcoming general elections are far more hyperboli
Updated 01 Apr, 2019 08:05am
Another press briefing by PM

Another press briefing by PM

In yet another press briefing, Prime Minister Imran Khan flanked by Minister of Finance Asad Umar, Minister of Information Fawad Chaudhry and Chairman Task Force on Energy restated that his administration inherited the financial crisis, adding that "the p
Updated 01 Apr, 2019 08:05am
PM inaugurates Jinnah Express train

PM inaugurates Jinnah Express train

Prime Minister Imran Khan has said that rail tracks are required to increase for reducing pressure on roads. He said this while addressing the inaugural ceremony of Jinnah Express train at the Lahore Railway station here on Saturday. He said: "Across the
Published 31 Mar, 2019 12:00am
PM inaugurates Jinnah Express train

PM inaugurates Jinnah Express train

Prime Minister Imran Khan has said that rail tracks are required to increase for reducing pressure on roads. He said this while addressing the inaugural ceremony of Jinnah Express train at the Lahore Railway station here on Saturday. He said: "Across the
Published 31 Mar, 2019 12:00am
PM inaugurates Jinnah Express train

PM inaugurates Jinnah Express train

Prime Minister Imran Khan has said that rail tracks are required to increase for reducing pressure on roads. He said this while addressing the inaugural ceremony of Jinnah Express train at the Lahore Railway station here on Saturday. He said: "Across the
Published 31 Mar, 2019 12:00am
Country''s economy heading in the right direction: Dawood
Currency

Country''s economy heading in the right direction: Dawood

Adviser to the Prime Minister on Commerce, Textile, Industry, Production and Investment Abdul Razak Dawood said on Saturday that the country''s economy was moving towards a right direction and there is declining trend in the trade deficit. Talking to medi
Published 31 Mar, 2019 12:00am
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