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Print - 2020-01-17
KP E&SD announces result of DPS for December

KP E&SD announces result of DPS for December

The Khyber Pakhtunkhwa Elementary & Secondary Education Department (E&SED) with the technical assistance from DFID has announced results of the District Performance Scorecard (DPS) for December 2019. DPS meeting for December was held on Wednesday, January
Published 17 Jan, 2020 12:00am
NAB to file references against Zardari, Nawaz and Gilani

NAB to file references against Zardari, Nawaz and Gilani

The National Accountability Bureau (NAB) on Thursday decided to file another corruption reference against former president Asif Ali Zardari and two former prime ministers Nawaz Sharif and Syed Yousaf Raza Gilani for acquiring vehicles and gifts from Tosha
Published 17 Jan, 2020 12:00am
Unregistered persons: FBR unveils STGO regarding supply curbs

Unregistered persons: FBR unveils STGO regarding supply curbs

The Federal Board of Revenue (FBR) Thursday conveyed to entire manufacturing sectors/industries that the threshold limit of supplies made by manufactures to unregistered persons of Rs 10 million per month/Rs100 million per year under Tax Laws (Second Amen
Published 17 Jan, 2020 12:00am
1H FDI posts 68 percent growth

1H FDI posts 68 percent growth

Foreign Direct Investment (FDI) posted 68 percent growth during the first half of this fiscal year (FY20) supported by massive inflows in telecom sector.
Published 17 Jan, 2020 12:00am
Musharraf moves SC against special court's verdict

Musharraf moves SC against special court's verdict

Former Army Chief and President General Pervez Musharraf (retd) challenged in the Supreme Court the Special Court judgment that awarded him death sentence in the high treason case, saying he has been denied the right to a fair trial under Article 10-A of
Published 17 Jan, 2020 12:00am
Germany adds brown coal to energy exit under landmark deal

Germany adds brown coal to energy exit under landmark deal

Germany is set to become the first country to drop both nuclear and coal power under a landmark agreement to compensate workers, companies and regional governments as it switches off brown coal-fired plants by 2038.
Published 17 Jan, 2020 12:00am
PM, COAS discuss national security, Kashmir

PM, COAS discuss national security, Kashmir

Chief of Army Staff (COAS) General Qamar Javed Bajwa called on Prime Minister Imran Khan where they exchanged views on matters related to national security and Kashmir.
Published 17 Jan, 2020 12:00am
PM reaffirms support to Kashmiris

PM reaffirms support to Kashmiris

Prime Minister Imran Khan on Thursday reaffirmed Pakistan's unshakeable political, diplomatic and moral support, and solidarity with the Kashmiri people until the realization of their inalienable right to self-determination.
Published 17 Jan, 2020 12:00am
India on the mat, again

India on the mat, again

The UN Security Council (UNSC), which met behind-closed-doors Wednesday, discussed the grave situation in Indian occupied Kashmir for the second time in five months, with diplomats voicing concern over the escalating tensions between India and Pakistan.
Published 17 Jan, 2020 12:00am
Major General Iftikhar appointed new ISPR chief

Major General Iftikhar appointed new ISPR chief

Pakistan Army on Thursday announced the appointment of Major General Babar Iftikhar as new director general of the Inter-Services Public Relations (ISPR).
Published 17 Jan, 2020 12:00am
UK seeks to confiscate convicted Nigerian loot

UK seeks to confiscate convicted Nigerian loot

A British prosecutor launched a fresh attempt on Thursday to confiscate tens of millions of pounds stolen from an oil-producing state in Nigeria by its former governor, who was convicted of laundering his loot in Britain.
Published 17 Jan, 2020 12:00am
Money bill on the cards

Money bill on the cards

The government may bring a money bill in February 2020 for technical corrections and legal amendments to the federal tax laws, but it would not raise any existing tax rates or impose new taxes.
Published 17 Jan, 2020 12:00am
US indicts five for aiding 'N-weapons' programme

US indicts five for aiding 'N-weapons' programme

Five men have been indicted in the United States for allegedly running an international network that purchased US products for Pakistan's "nuclear weapons" programme.
Published 17 Jan, 2020 12:00am
Tractor industry reps brief EDB about problems

Tractor industry reps brief EDB about problems

The Engineering Development Board (EDB) Thursday held a meeting to hear the concerns of tractor industry as the latter's sales have dropped manifold and a number of plants have been shut down.
Published 17 Jan, 2020 12:00am
ECP suspends membership of Sindh CM, 317 other lawmakers

ECP suspends membership of Sindh CM, 317 other lawmakers

The Election Commission of Pakistan (ECP) on Thursday suspended the legislative membership of 318 lawmakers from all the six legislative houses, including Chief Minister Sindh Murad Ali Shah, four federal ministers, a state minister, a provincial minister
Published 17 Jan, 2020 12:00am
Trump impeachment trial opens: White House faulted on Ukraine aid freeze

Trump impeachment trial opens: White House faulted on Ukraine aid freeze

As the Senate formally opened the impeachment trial on whether to remove Donald Trump from office, a nonpartisan congressional watchdog on Thursday dealt the Republican president a blow by concluding that the White House violated the law by withholding se
Published 17 Jan, 2020 12:00am
Modi required to invite PM to SCO summit

Modi required to invite PM to SCO summit

Indian Prime Minister Narendra Modi is expected to invite PM Imran Khan to the Shanghai Cooperation Organisation heads of government meeting in New Delhi, according to Indian media.
Published 17 Jan, 2020 12:00am
18 oil blocks up for auction

18 oil blocks up for auction

The Petroleum Division has invited local and international upstream oil and gas companies for grant of petroleum exploration rights for 18 blocks including four in newly established Zone-I (F).
Published 17 Jan, 2020 12:00am
'Home remittances'
Letters

'Home remittances'

This is apropos a Business Recorder editorial "Home remittances" carried by the newspaper yesterday. It has concluded its argument by saying that "it is difficult to pin down all the reasons for a healthy growth in workers' remittances... We earnes
Published 17 Jan, 2020 12:00am
Price rationalization - I
Articles

Price rationalization - I

Prices determine the level of affordability for consumers, and work as an incentive for producers. Market imperfections deter goods, commodities and services from reaching true price signals. Given these imperfections, governments need to intervene in mar
Published 17 Jan, 2020 12:00am
A rejoinder
Articles

A rejoinder

In response to our article (Unconstitutional taxation by provinces, Business Recorder, January 3, 2020), a letter was published on January 9, 2020 titled 'Unconstitutional' taxation by provinces: SRB's response' that raised some questions and made a few o
Published 17 Jan, 2020 12:00am
Unwarranted theatrics

Unwarranted theatrics

The coalition partners of the ruling Pakistan Tehreek-i-Insaf (PTI) appear to part ways with the government on the 'grounds' that their constituencies have been deprived of development funding. Last week it was MQM-Pakistan and now it is the PML-Q. The th
Updated 17 Jan, 2020 08:34am
Revenue shortfall

Revenue shortfall

According to a Business Recorder exclusive citing senior Federal Board of Revenue (FBR) sources, the revenue shortfall for the current fiscal year is projected at 600 billion rupees. This comes as no surprise as the FBR revenue target agreed with t
Updated 17 Jan, 2020 08:19am
Hyundai begins production in FIEDMC

Hyundai begins production in FIEDMC

Hyundai Nishat Motor (Private) Limited has announced its mass production at the assembly plant in FIEDMC, M3 Industrial Estate, Faisalabad.
Published 17 Jan, 2020 12:00am
Minister says Facebook to help in fight against polio
IT & Computers

Minister says Facebook to help in fight against polio

Pakistan says Facebook will help the country in its fight against polio after authorities blamed anti-vaccine content posted last year on the social network site for a leap in the number of cases.
Published 17 Jan, 2020 12:00am
UnionPay, APPS join hands to digitize Pakistan
Money & Banking

UnionPay, APPS join hands to digitize Pakistan

UnionPay International (UPI) and Avanza Premier Payment Services (APPS) join together to digitize Pakistan through the power of M-commerce transactions. By virtue of this, APPS has become a Third Party Service Provider (TPSP) of UPI, a globally leading mo
Published 17 Jan, 2020 12:00am
NHA receivables have soared to 15 billion, NA told

NHA receivables have soared to 15 billion, NA told

National Assembly Standing Committee on Communication was informed that total receivables of National Highway Authority (NHA) are Rs 15 billion, out of which Rs 9.96 billion are outstanding against Frontier Works Organization (FWO), Rs.4.49 billion are ag
Published 17 Jan, 2020 12:00am
Pervez Musharraf: PBC decides to file appeal against LHC verdict

Pervez Musharraf: PBC decides to file appeal against LHC verdict

Pakistan Bar Council (PBC) has decided to file an appeal against the Lahore High Court verdict wherein formation of the Special Court was declared unconstitutional and death sentence awarded to General Pervez Musharraf (retd) in the high treason case was
Published 17 Jan, 2020 12:00am
PM bars Vawda from appearing on TV shows for 2 weeks

PM bars Vawda from appearing on TV shows for 2 weeks

Prime Minister Imran Khan has barred Federal Minister for Water Resources Faisal Vawda from speaking on any talk show on TV for two weeks, the government's spokesperson confirmed Thursday.
Published 17 Jan, 2020 12:00am
APNS rejects 'cartelization' policy

APNS rejects 'cartelization' policy

The APNS strongly flays the imposition of centralization of advertisements policy by the Federal Government and terms it a bureaucratic attempt to curb freedom of press.
Published 17 Jan, 2020 12:00am
Nigerian Armed Forces Remembrance Day celebrated

Nigerian Armed Forces Remembrance Day celebrated

The Defence Adviser Brigadier General Nasiru Usman Muktar & his spouse Hajiya Hauwa N Muktar hosted a reception on the occasion of Nigerian Armed Forces Remembrance Day. Air Chief Marshal Mujahid Anwar Khan Tbt, NI(M), Chief of Air Staff of the Pakistan A
Published 17 Jan, 2020 12:00am
Fazl hints at launching fresh anti-govt drive

Fazl hints at launching fresh anti-govt drive

Denouncing any differences with establishment, Emir Jamiat Ulema-e-Islam (JUI-F) Maulana Fazlur Rehman Thursday hinted to start a fresh anti-government drive in upcoming weeks.
Published 17 Jan, 2020 12:00am
Easypaisa partners with Airlift Technologies

Easypaisa partners with Airlift Technologies

Easypaisa, the country's leading digital payments platform has partnered with Airlift Technologies; the first decentralized mass transit service in Pakistan, to allow quick, easy and cashless payments for passengers around various routes available across
Published 17 Jan, 2020 12:00am
KMC Council demands release of Rs162bn 'Karachi package'

KMC Council demands release of Rs162bn 'Karachi package'

The council of Karachi Metropolitan Corporation (KMC) on Thursday expressed concerns over delay in the release of Rs 162 billion 'Karachi Package' that was announced at a meeting of the Karachi Transformation Committee.
Published 17 Jan, 2020 12:00am
Afghan transit trade: Chaman needs infrastructural development: PAJCCI

Afghan transit trade: Chaman needs infrastructural development: PAJCCI

Chairman Pakistan Afghanistan Joint Chamber of Commerce & Industry (PAJCCI), Zubair Motiwala has said that Chaman being the most plausible connection via Gwadar also needs development in terms of infrastructure, security concerns and policy execution, if
Published 17 Jan, 2020 12:00am
Avenue1's affectees: LDA allots 487 plots in different blocks

Avenue1's affectees: LDA allots 487 plots in different blocks

All hurdles to give possession of 487 plots of LDA Avenue1's affectees in block A, B, D and G have been removed. In order to ensure transparency, plots were allotted through computerized balloting, which was held with the cooperation of PITB.
Published 17 Jan, 2020 12:00am
Karachi facing acute water shortage, says KWSB MD

Karachi facing acute water shortage, says KWSB MD

The Managing Director of Karachi Water & Sewerage Board (KWSB), Asadullah Khan Thursday said that Karachi was facing 700 MGD shortage of water and only 45 percent of the required water is available.
Published 17 Jan, 2020 12:00am
Easypaisa partners with Airlift Technologies

Easypaisa partners with Airlift Technologies

Easypaisa, the country's leading digital payments platform has partnered with Airlift Technologies; the first decentralized mass transit service in Pakistan, to allow quick, easy and cashless payments for passengers around various routes available across
Published 17 Jan, 2020 12:00am
KMC Council demands release of Rs162bn 'Karachi package'

KMC Council demands release of Rs162bn 'Karachi package'

The council of Karachi Metropolitan Corporation (KMC) on Thursday expressed concerns over delay in the release of Rs 162 billion 'Karachi Package' that was announced at a meeting of the Karachi Transformation Committee.
Published 17 Jan, 2020 12:00am
Afghan transit trade: Chaman needs infrastructural development: PAJCCI

Afghan transit trade: Chaman needs infrastructural development: PAJCCI

Chairman Pakistan Afghanistan Joint Chamber of Commerce & Industry (PAJCCI), Zubair Motiwala has said that Chaman being the most plausible connection via Gwadar also needs development in terms of infrastructure, security concerns and policy execution, if
Published 17 Jan, 2020 12:00am
Avenue1's affectees: LDA allots 487 plots in different blocks

Avenue1's affectees: LDA allots 487 plots in different blocks

All hurdles to give possession of 487 plots of LDA Avenue1's affectees in block A, B, D and G have been removed. In order to ensure transparency, plots were allotted through computerized balloting, which was held with the cooperation of PITB.
Published 17 Jan, 2020 12:00am
Karachi facing acute water shortage, says KWSB MD

Karachi facing acute water shortage, says KWSB MD

The Managing Director of Karachi Water & Sewerage Board (KWSB), Asadullah Khan Thursday said that Karachi was facing 700 MGD shortage of water and only 45 percent of the required water is available.
Published 17 Jan, 2020 12:00am
Ehsaas Programme Dr. Sania Visits Chakwal

Ehsaas Programme Dr. Sania Visits Chakwal

Special Assistant to the Prime Minister on Social Protection and Poverty Alleviation Dr Sania Nishtar on Thursday visited Choa Saiden Sahah and Kallar Kahar areas in Chakwal together with Secretary, Poverty Alleviation and Social Safety Division and senio
Published 17 Jan, 2020 12:00am
Umar says government determined to establish four SEZs in 2020

Umar says government determined to establish four SEZs in 2020

Federal Minister for Planning, Development and Special Initiatives Asad Umar has said that the Pakistan Tehreek-e-Insaf (PTI) government is determined to establish four economic zones in all provinces within this year.
Published 17 Jan, 2020 12:00am
'Make in Pakistan' approach to be encouraged: Dawood

'Make in Pakistan' approach to be encouraged: Dawood

Advisor to the Prime Minister on Commerce, Industries and Production, Abdul Razak Dawood Thursday said the government would encourage "Make in Pakistan" in each policy including Electric Vehicle (EV) Policy.
Published 17 Jan, 2020 12:00am
HMD Global announces two new Nokia phones
Telecommunication

HMD Global announces two new Nokia phones

The HMD Global, the home of Nokia phones, on Thursday announced two new quality Nokia Phones in Lahore; the Nokia 2.3, delivering a feature-packed camera fuelled by AI, helping you get the best shot, and the Nokia C1, a smartphone designed to entertain.
Published 17 Jan, 2020 12:00am
BJP's Hindutva ideology poses threat to peace in region: PM

BJP's Hindutva ideology poses threat to peace in region: PM

Prime Minister Imran Khan has said that with eight million people in a state of siege in the Indian Occupied Jammu and Kashmir (IOJK), India's racially extremist ideology of Hindutva poses a threat to peace in the region and the world.
Published 17 Jan, 2020 12:00am
Qureshi says Taliban show 'willingness' to reduce Afghan violence

Qureshi says Taliban show 'willingness' to reduce Afghan violence

Foreign Minister Shah Mehmood Qureshi on Thursday said the Taliban has shown "a willingness" to reduce violence in war-torn Afghanistan after more than 18 years fighting the US, sparking speculation that a potential breakthrough in talks with the American
Published 17 Jan, 2020 12:00am
Unsuccessful students: PBTE increases chances of appearance in exams

Unsuccessful students: PBTE increases chances of appearance in exams

The Punjab Board of Technical Education (PBTE) has increased the chances of appearing in examinations for the unsuccessful students. Now, the chances for appearing in the Board's examinations have been equalized to other educational boards.
Published 17 Jan, 2020 12:00am
PIA CEO condoles loss of lives in B'stan & AJK

PIA CEO condoles loss of lives in B'stan & AJK

CEO PIA Air Marshal Arshad Malik and all PIA employees are deeply saddened on the tragic loss of precious lives in Balochistan & Azad Jammu & Kashmir due to the avalanches & harsh weather conditions.
Published 17 Jan, 2020 12:00am
Heavy snow, rainfall: UN deeply saddened over loss of lives in Pakistan

Heavy snow, rainfall: UN deeply saddened over loss of lives in Pakistan

Resident and Humanitarian Coordinator Knut Ostby and the United Nations Country Team in Pakistan are deeply saddened over the loss of precious lives resulting from the heavy snow and rainfall in Balochistan and the avalanches in the Pakistan Administered
Published 17 Jan, 2020 12:00am
Chief Advisor JICA visits Descon Technical Institute

Chief Advisor JICA visits Descon Technical Institute

Japan International Cooperation Agency (JICA) Chief Advisor Engr Noboru Kakisu visited Descon Technical Institute (DTI) here the other day, along with representatives from TEVTA to see possibilities of collaborative projects.
Published 17 Jan, 2020 12:00am
JI chief criticises govt's approach to politics

JI chief criticises govt's approach to politics

Chief of Jamaat-e-Islami Senator Siraj ul Haq has said that abrupt emergence of differences among coalition partners are the indicators that the PTI government is soon going to be packing.
Published 17 Jan, 2020 12:00am
Akbar Zaidi appointed IBA Executive Director

Akbar Zaidi appointed IBA Executive Director

Chief Minister Sindh and Patron of IBA, Syed Murad Ali Shah has appointed Dr S Akbar Zaidi as the Executive Director, Institute of Business Administration (IBA), Karachi for four years as per a notification issued by the Universities and Boards Department
Published 17 Jan, 2020 12:00am
Allies have reposed trust in PM: Firdous

Allies have reposed trust in PM: Firdous

The allies of Pakistan Tehreek-e-Insaf (PTI) government have reposed full confidence in leadership of Prime Minister Imran Khan, giving an end to rumors of cracks within the ruling coalition.
Published 17 Jan, 2020 12:00am
PTI's Sarwar vows to ease allies' concerns

PTI's Sarwar vows to ease allies' concerns

Governor Punjab Ch Muhammad Sarwar said Thursday the government was not under threat due to the differences with its allies. He assured of addressing all concerns of the allies.
Published 17 Jan, 2020 12:00am
Irsa issues grim warning

Irsa issues grim warning

Indus River System Authority (Irsa) said on Thursday that if additional water reservoirs are not constructed in the country, people will die from starvation, and the government would face massive protests as Pakistani population is expected to increase ma
Published 17 Jan, 2020 12:00am
PSP condoles loss of lives in NAs

PSP condoles loss of lives in NAs

Pakistan Sarzameen Party (PSP) Central Punjab has expressed deep sorrow and grief over the tragic loss of human lives due to rains and snowfall.
Published 17 Jan, 2020 12:00am
PFA seizes 80,000kg of expired chocolates

PFA seizes 80,000kg of expired chocolates

The Punjab Food Authority (PFA) has confiscated a huge cache of expired chocolate after caught two fully loaded trucks and a warehouse in the vicinity of Sheikhupura Road.
Published 17 Jan, 2020 12:00am
Lahorites facing acute gas shortage

Lahorites facing acute gas shortage

The people in provincial metropolis are facing acute gas shortage as demand for the commodity has increased due to drop in mercury levels.
Published 17 Jan, 2020 12:00am
CS directs all DCs to implement all government directives

CS directs all DCs to implement all government directives

Punjab Chief Secretary Azam Suleman Khan has directed all the deputy commissioners to implement the government's instructions regarding controlling prices of eatables, drive against adulteration, Clean and Green Pakistan Campaign and utilization of funds
Published 17 Jan, 2020 12:00am
LCCI, FPCCI join hands to boost economic growth

LCCI, FPCCI join hands to boost economic growth

The Lahore Chamber of Commerce and Industry (LCCI) and Federation of Pakistan Chambers of Commerce and Industry (FPCCI) have joined hands and would work collectively to flourish trade and economic activities in the country.
Published 17 Jan, 2020 12:00am
SEPA asks NRL to repair damaged portion of its pipeline

SEPA asks NRL to repair damaged portion of its pipeline

Sindh Environmental Protection Agency (SEPA) on Thursday asked National Refinery Limited (NRL) to repair the damaged portion of its pipeline to avoid further dripping of liquid which may cause ground water pollution and inconvenience to residents. Officia
Published 17 Jan, 2020 12:00am
PML-N hit by internal bickering

PML-N hit by internal bickering

Khawaja Asif, reportedly the messenger of Nawaz Sharif's decision to support the Army Amendment Act, is considering quitting as Muslim League-Nawaz (PML-N) parliamentary leader in the National Assembly in the wake of severe criticism from within the party
Published 17 Jan, 2020 12:00am
Deliberation on 'Mutual Legal Assistance (Criminal matters) Bill' today

Deliberation on 'Mutual Legal Assistance (Criminal matters) Bill' today

A parliamentary body on Thursday deferred a crucial bill related to exchange of information and criminals with different countries till its next meeting to be held today (Friday) after some members objected to some of its clauses and proposed a few amendm
Published 17 Jan, 2020 12:00am
Dozens killed as Damascus presses Idlib offensive

Dozens killed as Damascus presses Idlib offensive

Dozens of fighters and civilians were killed in Syria's Idlib province as the government pressed a deadly offensive Thursday towards a key town in the country's last rebel bastion.
Published 17 Jan, 2020 12:00am
Relief as rain falls over Australian bushfires

Relief as rain falls over Australian bushfires

Heavy rain fell across parts of fire-ravaged eastern Australia on Thursday and more wet weather was forecast, giving some relief following months of catastrophic blazes fuelled by climate change.
Published 17 Jan, 2020 12:00am
UN flags famine alarm signals in Yemen

UN flags famine alarm signals in Yemen

A senior UN official warned Thursday that certain key factors that threatened to trigger famine last year in Yemen were once again looming large, including a plunge in the value of the national currency.
Published 17 Jan, 2020 12:00am
Sudan appoints new spy chief after crushing mutiny

Sudan appoints new spy chief after crushing mutiny

Sudan on Thursday appointed a new intelligence chief to replace the general who quit after government forces crushed a deadly mutiny launched by some members of the country's powerful security agency.
Published 17 Jan, 2020 12:00am
Mali attack kills 15 in Fulani village

Mali attack kills 15 in Fulani village

Fifteen people have been killed in an attack on a Fulani village in central Mali, security and local officials said on Thursday, in a fresh bout of apparent ethnic violence in the war-torn country.
Published 17 Jan, 2020 12:00am