Pakistan News

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  • Pakistan's first professional clearing member entity launched

    KARACHI: Small stockbrokers will soon shift their clearing, settlement and custody functions to EClear Services Ltd, which is the country’s first professional clearing member (PCM) entity set up by the Central Depository Company (CDC)...

    The clearing function in a stock market relates to the settlement of trades...

  • Pakistan, China ink yuan clearing deal

    KARACHI: The central banks of Pakistan and China signed a memorandum of cooperation on yuan clearing in Pakistan, the Chinese central bank said in a statement on Wednesday, without giving more details...

    The arrangement could pave the way for an alternative payment option for Pakistan, boosting yuan usage for cross-border transactions among Chinese and Pakistani enterprises and financial institutions...

  • Check in, check out!

    On the one hand there is Pakistan’s film industry in need for revival; on the other there are films that dance to a different tune...

    The director says he deliberately chose to set the film in India rather than in Pakistan, and terms it “an independent movie produced in India...

  • Qatar launches first Chinese yuan clearing hub in Middle East

    DOHA: Qatar opened the Middle East’s first centre for clearing transactions in the Chinese yuan on Tuesday, saying it would boost trade and investment between China and Gulf Arab economies...

    “The launch of the region’s first renminbi clearing centre in Doha creates the necessary platform to realise the full potential of Qatar and the region’s trade relationship with China,” Qatar’s central bank governor Sheikh Abdullah bin Saud...

  • Clearing agents demand protection of freight

    PESHAWAR: Customs clearing agents have expressed concern over the monopoly of bonded carriers and demanded of the Transit Trade Pakistan director general Javaid Ghani to allow the transportation of consignments also through loose cargo load (LCL) of NLC and ensure protection to the freight...

    All Pakistan Customs Agents vice-chairman Ziaul Haq Sarhadi while talking to Dawn on Saturday said that the Afghan Transit Trade Agreement,...

  • Fund clearing guidelines

    KARACHI: The State Bank of Pakistan (SBP) issued guidelines for banks and microfinance banks on Thursday for clearing operations to help the general public quickly realise funds in their accounts...

    The SBP asked banks and microfinance banks involved in the clearing of rupee payment instruments to facilitate accountholders...

  • Colombian govt, FARC rebels begin clearing landmines

    HAVANA: The Colombian government and FARC guerrillas have begun clearing the country’s landmines in a joint effort seen as a ray of hope in their stumbling peace negotiations, officials said on Friday...

    The pilot mine-clearing mission was carried out over seven days in the northern region of Antioquia, said officials from Cuba and Norway, the countries facilitating the talks...

  • Two cops held for clearing ‘murderers’ to contest LG polls

    KOHAT: A police clerk and a detective foot constable (DFC) have been arrested for issuing character certificates to two persons, allegedly involved in murder, kidnapping for ransom cases, to be able to participate in the upcoming local government elections, Dawn has learnt...

    The arrested policemen were produced in a local court on Friday and the judge sent them to prison on judicial remand
  • Clearing Iraqi cities of explosives may take decades

    BAGHDAD: The wires protruding from the small, misshapen stuffed animal revealed the deadly booby-trap tucked inside...

    For the people of Mosul, the sophisticated bomb was a reminder of how difficult it will be to return to homes littered with hidden explosives by the militant Islamic State group and dotted with the remnants of undetonated bombs dropped by the US-led coalition that still could blow up
  • Call to probe release of Rs480bn for clearing circular debt in 2013

    ISLAMABAD: The Senate on Monday adopted a special report by a house committee recommending a probe by the National Acc­ountability Bureau (NAB) and the Federal In­vesti­gation Agency (FIA) into the dubious release of Rs480 billion to independent power producers (IPPs) to clear the circular debt in 2013...

    The government had opposed the motion to adopt the report, but was defeated by the opposition
  • Islamabad police get busy clearing their cobwebs

    The welcome process of clearing political cobwebs from the government machinery has reached the cluttered record rooms of the Islamabad police...

    It relates to a rally by up to 600 ASWJ workers at China Chowk on November 4, 2014, who supposedly broke the law by gathering at a public place, raising slogans and making speeches hurtful to others and using a mobile sound system...

  • NIFT to provide clearing facility on Dec 31

    KARACHI: NIFT will provide special clearing facility till 5pm on Dec 31, 2015 (Thursday) to facilitate the collection of government duty/taxes, said the State Bank of Pakistan on Wednesday...

    Bank holiday: The State Bank of Pakistan (SBP) will remain closed on December 24-25, 2015 (Thursday and Friday) on the occasion of Eid Miladun Nabi (PBUH) and Quaid-i-Azam day/Christmas, said a press release on Wednesday...

  • Azhar looks to ‘get the best’ out of Amir after clearing differences

    WELLINGTON: The rehabilitation of Pakistan cricketer Mohammad Amir takes another step forward Monday with one-day captain Azhar Ali welcoming him into the side for the series against New Zealand...

    He resumed the captaincy after Pakistan Cricket Board chairman Shaharyar Khan intervened and said he has since talked to Amir and did not expect any problems...

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