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Print - 2019-11-08
Welcome to Punjab: the birthplace of Guru Nanak
Articles

Welcome to Punjab: the birthplace of Guru Nanak

Nothing is more satisfying than to be remembered as a peace maker in the world. But, peace with honor and integrity must be prioritized when dealing with an unruly neighbour. Lately, Prime Minister Imran Khan has emerged as a peace-maker in the South Asia
Updated 09 Nov, 2019 07:36am
FATF and global Politics
Articles

FATF and global Politics

Rarely does China express its opinions on global politics vocally. But in the case of politicization of FATF, it has minced no words. It strongly expressed its indignation over the blatant display of politics in FATF and pointed towards the USA and India
Updated 09 Nov, 2019 07:33am
Cities
Articles

Cities

Perhaps one of the most difficult thing in column writing is to continue from where you left off the previous week; which by the way is a consequence of another difficulty column writers struggle with regularly, managing your thoughts in the allotted spac
Updated 09 Nov, 2019 07:36am
NAB given Dasu project's documents

NAB given Dasu project's documents

Ministry of Water Resources has handed over the documents of Dasu Hydropower Project to National Accountability Bureau (NAB) due to financial implications associated with the land acquisition price having escalated by 1000 percent, sources close to Minist
Published 08 Nov, 2019 12:00am
Hafeez conspicuous by his absence?

Hafeez conspicuous by his absence?

Advisor to Prime Minister on Finance Dr Abdul Hafeez Shaikh has been a rarity in the meetings of Finance Committee of the National Assembly and has not attended a single meeting of the committee since assuming his office.
Published 08 Nov, 2019 12:00am
ECC to resolve dispute over RLNG supply to two plants

ECC to resolve dispute over RLNG supply to two plants

The Economic Coordination Committee (ECC) of the Cabinet on Friday (today) will resolve a dispute between Power Division and Petroleum Division on the supply of RLNG to the two RLNG-fired plants being privatised, well informed sources told Business Rec
Published 08 Nov, 2019 12:00am
Aftermath of IMF programme: some recommendations
Articles

Aftermath of IMF programme: some recommendations

After a decade of economic mis-management and mis-governance by successive governments, Pakistan's economy has landed in dire straits. By June 2018, Pakistan faced a serious balance of payments challenge with current account deficit reaching an all-time h
Published 08 Nov, 2019 12:00am
Nine EU states call for steeper aviation tax

Nine EU states call for steeper aviation tax

Nine EU countries joined forces on Thursday to push for proposals for cleaner aviation in Europe, a highly polluting sector that they said was undertaxed.
Published 08 Nov, 2019 12:00am
Macron says NATO experiencing 'brain death'

Macron says NATO experiencing 'brain death'

French President Emmanuel Macron said he believed NATO was undergoing "brain death," lamenting a lack of coordination between Europe and the United States and unilateral action in Syria by key member Turkey, in an interview published Thursday.
Published 08 Nov, 2019 12:00am
Kartarpur Corridor': 'India is creating confusion to confuse': FO

Kartarpur Corridor': 'India is creating confusion to confuse': FO

The Foreign Office on Thursday rejected the Indian Punjab chief minister's statement spreading negativity about Pakistan's Kartarpur Corridor initiative and categorically stated that "there is not even a modicum of any negative element in our policy."
Published 08 Nov, 2019 12:00am
EU offers cooperation on terrorism issue

EU offers cooperation on terrorism issue

"Pakistan is playing an important role in maintaining peace and security, and [it is also] affected by many threats. Its role is important in intra-Afghan dialogue. The EU, here, can engage itself as a facilitator.
Published 08 Nov, 2019 12:00am
ERRA to be merged into NDMA on December 31

ERRA to be merged into NDMA on December 31

The government has decided to merge Earthquake Reconstruction and Rehabilitation Authority (ERRA) into National Disaster Management Authority (NDMA) from December 31, 2019.
Published 08 Nov, 2019 12:00am
The deadlock persists
Letters

The deadlock persists

It is quite unfortunate that the government-opposition deadlock still persists. Both sides seem to have taken hardened positions. Both sides seem to have decided not to take the middle ground. The government, however, is required to take a major initiativ
Published 08 Nov, 2019 12:00am
Doing business report and beyond - II
Articles

Doing business report and beyond - II

Unlike the Doing Business Report of the World Bank, which primarily focuses on business regulations, the report, 'Index of Economic Freedom', produced by the Heritage Foundation, estimates the overall economic freedom index (EFI) of a country, covering mu
Updated 08 Nov, 2019 08:51am
Sales tax on restaurants through Finance Act
Articles

Sales tax on restaurants through Finance Act

The imposition of 7.5% sales tax on restaurants through the Finance Act 2019 by the National Assembly, energetically defended by the Chairman of Federal Board of Revenue (FBR), is patently unconstitutional being in violation of Article 142 of the Constitu
Updated 08 Nov, 2019 08:33am
NAB Ordinance controversy

NAB Ordinance controversy

Senate proceedings on Wednesday were marred by usual exchange of barbs between the treasury and the opposition benches with the former accusing the opposition of corruption and money laundering and the latter the government of conducting a witch-hunt in t
Updated 08 Nov, 2019 06:09am
Parliament and the IMF

Parliament and the IMF

It was extremely disturbing for the jointly held National Assembly and Senate finance standing committees to, first, invite the International Monetary Fund (IMF) staff for an interaction and, second, to then urge the Fund to soften the conditions of its 6
Updated 08 Nov, 2019 06:09am
COAS, Nato DGIMS discuss matter of mutual interest

COAS, Nato DGIMS discuss matter of mutual interest

Chief of Army Staff General Qamar Javed Bajwa on Thursday held a meeting with Director General of the NATO International Military Staff (DGIMS), Lieutenant General Hans-Werner Wiermann, to discuss matters of mutual interest, according to a statement issue
Published 08 Nov, 2019 12:00am
Call to introduce pest-resistant cotton seed
Cotton & Textile

Call to introduce pest-resistant cotton seed

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has emphasized the need to introduce pest-resistant cotton seed which can withstand climate change and other problems otherwise all stakeholders will suffer as hundreds of g
Updated 08 Nov, 2019 06:35am
Low-cost electricity being planned for S Punjab: PM
Energy

Low-cost electricity being planned for S Punjab: PM

Prime Minister Imran Khan Thursday said the government was planning to provide low-cost electricity to South Punjab, besides executing solar power projects in the area.
Published 08 Nov, 2019 12:00am
Teachers end strike in Landi Kotal

Teachers end strike in Landi Kotal

Teachers of 25 governmentâ€"run schools of Bazaar Zakha Khel ended their boycott of classes following the representatives of pro-government outfit (Tawheed-ul-Islam) presented their unconditional apology here on Thursday.
Published 08 Nov, 2019 12:00am
Commission finds no misappropriation in foreign loans: PML-N

Commission finds no misappropriation in foreign loans: PML-N

Pakistan Muslim League-Nawaz (PML-N) on Thursday claimed that the commission constituted by Prime Minister Imran Khan to probe misappropriation in foreign loans taken by ex-prime minister Nawaz Sharif has proved that there was no embezzlement.
Published 08 Nov, 2019 12:00am
Sindh government failed to resolve issues of Karachiites: PM

Sindh government failed to resolve issues of Karachiites: PM

Amid sit-in against his party government, Prime Minister Imran Khan on Thursday came down hard on provincial government of Sindh, saying situation in port city of Karachi is taking a turn for the worst day by day.
Published 08 Nov, 2019 12:00am
Government seems 'non-serious' in resolving deadlock: Fazl

Government seems 'non-serious' in resolving deadlock: Fazl

Jamiat Ulema-e-Islam-Fazl (JUI-F) Emir Maulana Fazlur Rehman on Thursday stated in categorical terms that 'either resignation of Prime Minister Imran Khan or fresh elections within two to three months without any role of the army could be agreed upon as t
Published 08 Nov, 2019 12:00am
Auction of properties: AC rejects plea of Dar's wife

Auction of properties: AC rejects plea of Dar's wife

The Accountability Court hearing a corruption case against former finance minister Ishaq Dar on Thursday rejected Tabassum Ishaq Dar's plea and allowed National Accountability Bureau (NAB) to auction Dar's movable and immovable properties.
Published 08 Nov, 2019 12:00am
SHC releases judgment in NICL corruption case

SHC releases judgment in NICL corruption case

Sindh High Court (SHC) has released the written judgment in National Insurance Company Limited (NICL) corruption case, in which the court set aside the verdict of trial court by acquitting all the accused.
Published 08 Nov, 2019 12:00am
Fazl hails ISPR DG's statement

Fazl hails ISPR DG's statement

In a new twist to the turn of events involving the Jamiat Ulema-e-Islam Fazl's (JUI-F) ongoing sit-in, Maulana Fazlur Rehman on Thursday welcomed the remarks of Director General Inter-Services Public Relations (ISPR) Major General Asif Ghafoor in which he
Published 08 Nov, 2019 12:00am
PBM offers 50 scholarships to SU students

PBM offers 50 scholarships to SU students

Sindh University, Jamshoro continues its march of progress with an increased momentum; as yet another significant student-friendly development is brought to it by Pakistan Bait-ul-Maal. SU and Pakistan Bait-ul-Maal (PBM) sign a Memorandum of Understanding
Published 08 Nov, 2019 12:00am
Non-functional mills won't get wheat: CS

Non-functional mills won't get wheat: CS

Sindh Chief Secretary Syed Mumtaz Ali Shah Thursday directed the district administration to check flour prices in the market on a daily basis and conduct raids on mills and godowns for checking possible hoarding.
Published 08 Nov, 2019 12:00am
Faysal Bank supports IoBM's moot on Islamic banking & finance

Faysal Bank supports IoBM's moot on Islamic banking & finance

One of Pakistan's leading banks, Faysal Bank Limited (FBL) participated in the Institute of Business Management (IoBM)'s International Conference on Islamic Banking & Finance. The two-day conference which took place at the Institute of Business Management
Published 08 Nov, 2019 12:00am
Energy entrepreneur seeks fairness and transparency

Energy entrepreneur seeks fairness and transparency

Over 60 days have passed since Iqbal Z. Ahmed, chairman of Associated Group (AG) remains in NAB prison from September 4, 2019, despite no formal charges framed against him to date.
Published 08 Nov, 2019 12:00am
SBCA chief vows to facilitate industrial zones
Business & Economy

SBCA chief vows to facilitate industrial zones

Director General Sindh Building Control Authority (SBCA) Zafar Ahsan has said that for the facilitation all industrial zones would be dealt as single zone. Speaking at a meeting of Korangi Association of Trade & Industry (KATI), he said that under the dir
Published 08 Nov, 2019 12:00am
PPL bags top award for corporate philanthropy
Energy

PPL bags top award for corporate philanthropy

Pakistan Petroleum Limited (PPL) once again bagged the top slot for corporate philanthropy as declared by the Pakistan Centre for Philanthropy (PCP) based on their prestigious annual corporate philanthropy survey for 2018. This is the 15th consecutive yea
Updated 08 Nov, 2019 06:54am
Karachi mayor inspects road carpeting work

Karachi mayor inspects road carpeting work

Mayor Karachi Wasim Akhtar has said the city's infrastructure collapsed completely, such a situation would not have been there, if the city was given its due right and resources. He blamed the Sindh government for deteriorating condition of city roads.
Published 08 Nov, 2019 12:00am
Parents urged to get children vaccinated against pneumonia

Parents urged to get children vaccinated against pneumonia

To mark upcoming Pneumonia Day on November 12th, doctors have urged parents to get their children vaccinated against pneumonia, which is killing around 92,000 children under five, annually in Pakistan.
Published 08 Nov, 2019 12:00am
Pakistan, Iran, Afghanistan join hands for refugees' support: UNHCR

Pakistan, Iran, Afghanistan join hands for refugees' support: UNHCR

The Assistant High Commissioner UN refugees' agency George Okoth Obb has said the United Nations High Commission for Refugees (UNHCR), Pakistan, Iran and Afghanistan have decided to support platform for Afghan refugees. He was speaking during inauguration
Published 08 Nov, 2019 12:00am
Thalassaemia awareness seminar held at SU

Thalassaemia awareness seminar held at SU

Thalassemia awareness seminar held at Shaikh Ayaz auditorium of the SU varsity's faculty of arts with VC Prof Dr Fateh Muhammad Burfat in the Chair.
Published 08 Nov, 2019 12:00am
Nawaz may go abroad for treatment

Nawaz may go abroad for treatment

With decline in platelets count of former PM Nawaz Sharif, discussions are on within Sharif family for taking Nawaz Sharif to London for treatment, it has been learnt.
Published 08 Nov, 2019 12:00am
PM vows to utilise dead public assets for welfare of masses

PM vows to utilise dead public assets for welfare of masses

Prime Minister Imran Khan Thursday said the government was firm on its policy of utilising the dead public assets for the welfare and betterment of masses and using their income for boosting the pace of economic development and creating job opportunities.
Published 08 Nov, 2019 12:00am
Awareness camp on smog protection held

Awareness camp on smog protection held

An awareness camp was set up at the Government College University Lahore under the auspices of its Environment Protection Society to raise awareness among the university students about protection from smog.
Published 08 Nov, 2019 12:00am
Corruption probe: NAB summons Akram Durrani today

Corruption probe: NAB summons Akram Durrani today

The National Accountability Bureau (NAB) has summoned Jamiat Ulema-e-Islam-Fazl (JUI-F) leader Akram Khan Durrani to appear before it in connection with an inquiry initiated against him and his son on corruption charges and for allegedly accumulating asse
Published 08 Nov, 2019 12:00am
LHC asks YDA to end protest

LHC asks YDA to end protest

The Lahore High Court on Thursday asked the young doctors to end their protest and directed the government to address reservations of all stakeholders.
Published 08 Nov, 2019 12:00am
AJK PM briefs European MPs about IOJ&K situation

AJK PM briefs European MPs about IOJ&K situation

Prime Minister Azad Jammu and Kashmir (AJK) Raja Muhammad Farooq Haider Khan during his ongoing visit to Brussels, held separate meetings with Members of the European Parliament (MEP) Lars Patrick Berg, Phil Benion and Ms Julie Ward.
Published 08 Nov, 2019 12:00am
Smog centers set up in hospitals

Smog centers set up in hospitals

The Punjab health department has established smog counters in all hospitals of the province following smog and presence of dangerous toxics in the air.
Published 08 Nov, 2019 12:00am
Smoke being emitted from India causing smog in Lahore: minister

Smoke being emitted from India causing smog in Lahore: minister

Punjab Finance Minister Hashim Jawan Bakht has claimed that prevailing smog-like situation in the provincial metropolis is caused by the smoke emitted from certain places in India where farmers are burning their crop stubbles. Due to change in the air dir
Published 08 Nov, 2019 12:00am
Sastaticket to launch travel carnival
Business & Economy

Sastaticket to launch travel carnival

Sastaticket, an online travel service provider, is launching Pakistan's biggest ever travel sale on November 11, 'Great 11.11 Travel Carnival'; travel discounts up to 90 percent will be offered for the first time in Pakistan.
Published 08 Nov, 2019 12:00am
AWT signs EoA with Monet for launching mobile app

AWT signs EoA with Monet for launching mobile app

Army Welfare Trust Investments Ltd has recently signed an exchange of agreement (EoA) for a launch of a mobile app with Monet. Muhammad Zeeshan Aziz-Chief Executive Officer-Monet-Mobile Money Network, recently visited Islamabad, where he met CEO Salman Ha
Published 08 Nov, 2019 12:00am
Minister opens Sikh era artefacts' exhibition

Minister opens Sikh era artefacts' exhibition

Punjab Minister for Information & Culture Mian Aslam Iqbal inaugurated the Sikh era artefacts exhibition here at the Lahore Museum on Thursday. This exhibition has been arranged in connection with the 550th birth anniversary of Baba Guru Nanak. A section
Published 08 Nov, 2019 12:00am
Subsidized rates: PSC to provide 200,000 certified wheat bags to growers

Subsidized rates: PSC to provide 200,000 certified wheat bags to growers

Punjab Seed Corporation (PSC) will provide 200,000 bags of approved varieties of wheat this year to the growers on subsidized rates. During the last fiscal, the Corporation earned a profit of over Rs29 million through sales of different seeds, said the Pu
Published 08 Nov, 2019 12:00am
Kartarpur Corridor termed a gift for Sikh community

Kartarpur Corridor termed a gift for Sikh community

Terming Kartarpur Corridor as historic gift of Prime Minister Imran Khan to the Sikh community, the Punjab chief minister Sardar Usman Buzdar on Thursday said that this project has promoted positive sentiments about Pakistan in India and hearts of the Sik
Published 08 Nov, 2019 12:00am
TDCP to restore Kamran Baradari for public
Business & Economy

TDCP to restore Kamran Baradari for public

The Punjab government has decided to restore Kamran Baradari through Tourism Development Corporation of Punjab (TDCP) and other departments and open it to public. Kamran Baradari is a historical and was very popular tourist spot in the past, but due to la
Published 08 Nov, 2019 12:00am
ZTBL without CEO for over a year
Business & Economy

ZTBL without CEO for over a year

Former Chairman Standing Committee on Agriculture and Horticulture Exports for Federation of Pakistan Chambers of Commerce and Industry, Ahmad Jawad has said Zarai Taraqiati Bank Limited (ZTBL), the largest agriculture sector bank, has been running with d
Published 08 Nov, 2019 12:00am
Baghdadi's wife revealed IS group secrets after capture

Baghdadi's wife revealed IS group secrets after capture

The wife of slain Islamic State leader Abu Bakr al-Baghdadi revealed "a lot of information" about the jihadist group's "inner workings" after she was captured last year, a Turkish official said.
Published 08 Nov, 2019 12:00am
Malaysia says US offer to host APEC 'not a good idea'

Malaysia says US offer to host APEC 'not a good idea'

An offer by the United States to host a Pacific rim summit in America in 2020 after Chile abruptly cancelled this year's event was "not a good idea", Malaysia's foreign minister said Thursday.
Published 08 Nov, 2019 12:00am
Erdogan threatens to open Europe gates for refugees

Erdogan threatens to open Europe gates for refugees

Turkish President Recep Tayyip Erdogan on a visit to EU member Hungary repeated his threat Thursday to "open the gates" for millions of refugees eager to flee to Europe unless more international support was provided.
Published 08 Nov, 2019 12:00am
US-led coalition launches operation to protect Gulf waters

US-led coalition launches operation to protect Gulf waters

A US-led naval coalition officially launched operations in Bahrain Thursday to protect shipping in the troubled waters of the Gulf, after a string of attacks that Washington and its allies blamed on Iran.
Published 08 Nov, 2019 12:00am
Congolese 'Terminator' warlord gets harshest ever ICC sentence

Congolese 'Terminator' warlord gets harshest ever ICC sentence

The International Criminal Court sentenced Congolese rebel chief Bosco "Terminator" Ntaganda to 30 years in jail for war crimes and crimes against humanity on Thursday, the highest ever penalty issued by the tribunal.
Published 08 Nov, 2019 12:00am
Saudi king hosts CIA chief for talks

Saudi king hosts CIA chief for talks

Saudi Arabia's King Salman hosted the Central Intelligence Agency's director Thursday, state media said, after three people were charged in the US with spying on Twitter users critical of the royal family.
Published 08 Nov, 2019 12:00am
Jordan, Turkey, UAE violated Libya arms embargo: UN

Jordan, Turkey, UAE violated Libya arms embargo: UN

Jordan, Turkey and the United Arab Emirates have regularly violated the UN arms embargo imposed on Libya since 2011, according to a confidential report by UN experts seen Thursday by AFP.
Published 08 Nov, 2019 12:00am
US lab identifies rare new HIV strain

US lab identifies rare new HIV strain

A US pharmaceutical firm has identified a new subtype of the human immunodeficiency virus (HIV), and said the finding showed that cutting edge genome sequencing is helping researchers stay ahead of mutations.
Published 08 Nov, 2019 12:00am
China jails nine for selling fentanyl into US

China jails nine for selling fentanyl into US

China on Thursday jailed nine people for selling fentanyl to Americans, the result of a landmark joint probe, and pledged further co-operation following President Donald Trump's fury at Beijing's perceived inaction against Chinese suppliers fuelling the d
Published 08 Nov, 2019 12:00am
PMEX daily trading report

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,314. The traded value of Metals, Energy and COTS/FX was recorded at PKR 3.228 billion and the numbers of lots traded 6,670.
Published 08 Nov, 2019 12:00am
CBOT corn futures fall to 5-week low
Commodities

CBOT corn futures fall to 5-week low

Chicago Board of Trade (CBOT) corn futures fell for a fifth straight session on Wednesday and touched a five-week low on weak demand for US exports and as the US harvest proceeds in mostly dry Midwest weather, traders said.
Published 08 Nov, 2019 12:00am
CBOT wheat futures higher on technical buying
Commodities

CBOT wheat futures higher on technical buying

Chicago Board of Trade (CBOT) wheat futures edged higher on Wednesday on short-covering and technical buying and on rising concerns about a weather-shortened crop in Australia, traders said. CBOT December soft red winter wheat settled up 1-1/2 cents at $5
Published 08 Nov, 2019 12:00am
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