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Nov 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-04-23
Rains hurt business activity on grain market

Rains hurt business activity on grain market

Rains curtailed business activity on the cotton market on Monday as most of the participants kept on the sidelines due to said reason, dealers said. On the cereals side, Barley Sindh and Mardan old quoted at Rs 2800 and the new variety was registered at R
Published 23 Apr, 2013 12:00am
Russian wheat price fall revives exports via Black Sea

Russian wheat price fall revives exports via Black Sea

Russia revived exports of wheat from the Black Sea last week after sales from government grain stocks led to a price slide of about 18 percent since February, analysts said on Monday. Russia, historically the world's number three wheat exporter, was hit b
Published 23 Apr, 2013 12:00am
India's thermal coal output up

India's thermal coal output up

India's thermal coal production rose 3.3 percent to 508.32 million tonnes in 2012/13, while coking coal output declined 4.5 percent to 49.35 million tonnes, provisional figures obtained from a government source showed on Monday. Production of coal, which
Published 23 Apr, 2013 12:00am
Indian sugar futures hit contract low on weak demand

Indian sugar futures hit contract low on weak demand

Indian sugar futures hit their contract low on Monday on surplus supplies and sluggish demand from bulk consumers, though hopes of summer season demand limited the downside. The key June contract on India's National Commodity and Derivatives Exchange was
Published 23 Apr, 2013 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 311,362 tonnes of cargo comprising 247,056 tonnes of import cargo and 64,306 tonnes of export cargo including 5,031 loaded and empty containers during the last 48 hours ended at 0700 hours on Monday. The total import cargo of 247,
Published 23 Apr, 2013 12:00am
Australian shares up

Australian shares up

Australian shares closed 0.7 percent higher on Monday as major miners and banks advanced on short-covering and as gold prices rebounded, but buyers were cautious ahead of key economic reports after a recent run of weak data suggested the global economic r
Published 23 Apr, 2013 12:00am
Chinese shares slip, Hong Kong weak as quake impact weighed

Chinese shares slip, Hong Kong weak as quake impact weighed

China shares fell from a one-month high on Monday and Hong Kong markets were sluggish, with Chinese insurers sliding on fears that payouts after Saturday's earthquake in south-western Sichuan province could hit profits. But building-related sectors such a
Published 23 Apr, 2013 12:00am
UAE markets hit multi-year highs, Saudi PetroRabigh tumbles

UAE markets hit multi-year highs, Saudi PetroRabigh tumbles

Markets in the United Arab Emirates rose to multi-year highs as investors positioned themselves for first-quarter earnings, while Saudi Arabia's PetroRabigh plunged after posting a big first-quarter loss and warning about second-quarter earnings.
Published 23 Apr, 2013 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks rose 0.5 percent on Monday, lifted by a second day of gains for TSMC after the world's top contract chip maker posted a better-than-expected quarterly profit and issued an upbeat outlook. The main TAIEX index gained 39.58 points to 7,970.38,
Published 23 Apr, 2013 12:00am
Indian shares at one-month high

Indian shares at one-month high

Indian shares rose for a second straight day on Monday to their highest close in a month led by gains in rate-sensitive stocks such as HDFC Bank, pricing in at least a 25 basis point rate cut in the upcoming policy on May 3. The Reserve Bank of India is l
Published 23 Apr, 2013 12:00am
Nikkei hits highest close in nearly 5 years

Nikkei hits highest close in nearly 5 years

The Nikkei average climbed 1.9 percent to its highest close in almost five years on Monday, as the yen weakened after the Group of 20 leading economies stopped short of criticising Japan's expansionary monetary policies. Major exporters charged higher as
Published 23 Apr, 2013 12:00am
European shares soar

European shares soar

European shares inched higher on Monday as signs of progress to break political stalemate in Italy outweighed fresh downbeat earnings news and concern over the health of the global economy. Milan's FTSE MIB index, up 1.7 percent, proved the regional outpe
Published 23 Apr, 2013 12:00am
South Korean shares gain most in a month

South Korean shares gain most in a month

South Korean shares closed higher on Monday as techs rebounded ahead of earnings reports, which kicked off with LG Display later in the afternoon. The Korea Composite Stock Price Index (KOSPI) closed up 1 percent at 1,926.31 points, posting the biggest da
Published 23 Apr, 2013 12:00am
Southeast Asian markets: Manila, Bangkok outperform

Southeast Asian markets: Manila, Bangkok outperform

The Philippine main share index rallied to an all-time closing high for a second straight session on Monday while most other Southeast Asian stocks ended in the positive territory, as market players selectively bought shares in blue-chip firms in a report
Published 23 Apr, 2013 12:00am
Slide in engineering stocks pushes FTSE lower

Slide in engineering stocks pushes FTSE lower

Britain's benchmark equity index closed lower on Monday, erasing initial gains after US construction equipment group Caterpillar cut its forecast, hitting British engineering stocks. Traders said the outlook over the next month looked negative for the blu
Published 23 Apr, 2013 12:00am
Yen bears in driving seat in Asia

Yen bears in driving seat in Asia

The yen began the week on a shaky footing on Monday, with the dollar on track to take out the elusive 100 level, after the Group of 20 countries refrained from criticising Japan's reflationary policies that have significantly weakened its currency. The do
Published 23 Apr, 2013 12:00am
Early trade in New York: dollar dips versus yen

Early trade in New York: dollar dips versus yen

The dollar slipped against the yen on Monday but remained within a hair's breadth of the key 100 level after major industrialised nations gave a stamp of approval to a massive Japanese easing program, which has eroded the currency. Japan officials said th
Published 23 Apr, 2013 12:00am
Dollar on course for 100 yen after G20

Dollar on course for 100 yen after G20

The yen weakened against the dollar on Monday, closing in on the psychologically key 100 level after the Group of 20 countries gave a nod of acceptance to reflationary moves in Japan that have resulted in a sharply weaker currency. The G20 over the weeken
Published 23 Apr, 2013 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 77.96-77.97 (77.98-77.98). Call Money Rates: 05.80-07.50 percent (previous 05.80-08.00 percent).
Published 23 Apr, 2013 12:00am
Won dips in Asia FX

Won dips in Asia FX

The South Korean won dipped on Monday as the yen's slide prompted investors to take profits from recent gains in emerging Asian currencies, though they pared initial losses on doubts over how much further the Japanese unit would fall for now. As the yen f
Published 23 Apr, 2013 12:00am
Australian and New Zealand dollars up

Australian and New Zealand dollars up

The Australian and New Zealand dollars were dragged broadly higher on Monday after the Group of 20 countries stopped short of criticising Japan's reflationary policies, putting the yen on the backfoot. The Aussie edged up to 102.79 yen, from a low of 100.
Published 23 Apr, 2013 12:00am
Yuan down

Yuan down

China's yuan edged down on Monday, guided by a weaker midpoint from the central bank, even as data indicates corporate demand for the currency remained robust. The People's Bank of China (PBOC) set a weaker midpoint on Monday after the dollar index rose o
Published 23 Apr, 2013 12:00am
Indian rupee falls

Indian rupee falls

The Indian rupee fell on Monday as gold and crude oil importers bought dollars to meet payment obligations, with dealers also citing outflows related to a gas utility. Some dealers pegged the dollar outflows related to the gas utility at $150-$200 million
Published 23 Apr, 2013 12:00am
Sterling steadies

Sterling steadies

Sterling steadied from an earlier dip against the dollar on Monday after a second rating's agency downgraded Britain which further added to the currency's bleak outlook given the risk of weak growth data later this week. Fitch Ratings stripped the country
Published 23 Apr, 2013 12:00am
Suarez bite fine to go to Hillsborough group

Suarez bite fine to go to Hillsborough group

Liverpool striker Luis Suarez has been fined and has asked for the money to be donated to the Hillsborough Family Support Group following the Uruguayan's shocking bite on Chelsea defender Branislav Ivanovic. Suarez sunk his teeth into Ivanovic's right arm
Published 23 Apr, 2013 12:00am
Raw talent in fast bowling needs grooming: Wasim

Raw talent in fast bowling needs grooming: Wasim

Legendary Pacer Wasim Akram has said there were `no serious concerns' about the pace bowling talent in Pakistan as raw talent just needs training and guidance. Talking to a private news channel, Wasim said that the available lot is very talented but they
Published 23 Apr, 2013 12:00am
Williams sisters lead US to 3-2 win over Sweden

Williams sisters lead US to 3-2 win over Sweden

Serena and Venus Williams delivered singles victories Sunday to lift the United States to a 3-2 Fed Cup playoff victory over Sweden that will keep America in the elite World Group. Venus Williams persevered to deliver the clinching point, sealing a 6-3, 7
Published 23 Apr, 2013 12:00am
Italy's Vinci seals Fed Cup final against Russia

Italy's Vinci seals Fed Cup final against Russia

Roberta Vinci secured Italy's fifth Fed Cup final appearance in eight years on Monday after battling past Lucie Safarova of the Czech Republic to give the hosts an unassailable lead on the red clay of Palermo. Vinci's 6-3, 6-7, 6-3 win over Safarova hande
Published 23 Apr, 2013 12:00am
Pakistan offers hockey support to Afghanistan

Pakistan offers hockey support to Afghanistan

Pakistan said Monday it would help foster the development of field hockey in Afghanistan, hoping to replicate its success in supporting its war-ravaged neighbour's rise in cricket. The Pakistan Hockey Federation (PHF) promised to give Afghanistan a place
Published 23 Apr, 2013 12:00am
Irfan says Wasim helping him to retune action, best effect

Irfan says Wasim helping him to retune action, best effect

Giant Pakistan fast bowler Mohammad Irfan said Monday that coaching from pace legend Wasim Akram was helping him retune his action to get the best from his towering frame. Wasim, Pakistan's all-time leading Test wicket-taker, is running a training camp fo
Published 23 Apr, 2013 12:00am
Bayern gear up for Barcelona acid test

Bayern gear up for Barcelona acid test

Bayern Munich face the litmus test in their bid to become the first German team to win the treble of European, league and cup titles when they host Spanish giants Barcelona in Tuesday's Champions League semi-final, first-leg. Having swept aside all rivals
Published 23 Apr, 2013 12:00am
Messi 'fit to play'

Messi 'fit to play'

Barcelona's Lionel Messi, who is struggling to overcome a hamstring injury, is fit to play in the club's Champions League semi-final first leg against Bayern Munich, the Spanish club's sporting director Andoni Zubizarreta said on Monday. "Messi is with th
Published 23 Apr, 2013 12:00am
OGDCL Spring Sports Gala concludes

OGDCL Spring Sports Gala concludes

The sports club of OGDCL organised a Spring Sports Gala of cricket, table tennis and football teams in all the four provinces during the last two months which concluded here at Jinnah Stadium Sports Complex Islamabad on April 21, where a football match of
Published 23 Apr, 2013 12:00am
Qatar, Total consortium to build $1.5 billion refinery

Qatar, Total consortium to build $1.5 billion refinery

Energy-rich Qatar and a consortium led by Total of France have signed a joint venture agreement to build a $1.5 billion petroleum refinery in the Gulf state, local media reported on Monday. The refinery will have a daily production capacity of 146,000 bar
Published 23 Apr, 2013 12:00am
UK blocks Shell paying Iran oil debt in food, medicine

UK blocks Shell paying Iran oil debt in food, medicine

Britain has blocked efforts by oil major Royal Dutch Shell to settle a $2.3 billion debt it owes Iran by paying in kind with grains or pharmaceuticals, industry sources said. Shell has been trying for months to find a way to work around international sanc
Published 23 Apr, 2013 12:00am
EU-Canada trade talks stalled, overshadowed by US

EU-Canada trade talks stalled, overshadowed by US

Talks to wrap up a multi-billion-dollar free trade deal between Canada and Europe have stalled, diplomats said, raising concerns the agreement could be put on hold as Brussels switches its attention to a much bigger pact with the United States. The Ottawa
Published 23 Apr, 2013 12:00am
News Corp settles shareholder lawsuit

News Corp settles shareholder lawsuit

News Corp on Monday said it recovered a $139 million in insurance proceeds in a settlement with shareholders over the board of directors' actions related to the company's phone hacking scandal and its acquisition of Shine studios. The company said the mon
Published 23 Apr, 2013 12:00am
British Airways announces Airbus order worth $12 billion

British Airways announces Airbus order worth $12 billion

British Airways on Monday announced a deal to buy up to 36 long-haul Airbus A350 passenger planes worth almost $12.0 billion at list prices. BA said parent group IAG, which owns also Spanish carrier Iberia, had signed a Memorandum of Understanding to buy
Published 23 Apr, 2013 12:00am
Greece offers residence to foreign investors

Greece offers residence to foreign investors

Greece will be offering residence to non-EU investors purchasing or renting property over 250,000 euros ($326,000), in a bid to revive its moribund real estate industry, officials said on Monday. The initiative, voted into law by parliament last week, com
Published 23 Apr, 2013 12:00am
Top US regulator wants Libor, Euribor scrapped

Top US regulator wants Libor, Euribor scrapped

Two interest rate benchmarks that banks were fined for rigging should be scrapped and replaced by indicators based on market transactions, a top US regulator said on Monday. The changes should also include benchmarks linked to gold, oil and other commodit
Published 23 Apr, 2013 12:00am
US home resales down

US home resales down

US home resales edged downward in March, even though the housing market recovery that has helped boost the economy has shown strength in recent months and is expected to continue. The National Association of Realtors said on Monday existing home sales edg
Published 23 Apr, 2013 12:00am
Lufthansa grounded by strike at German airports

Lufthansa grounded by strike at German airports

Lufthansa was virtually grounded on Monday, Germany's largest airline cancelling nearly all of its flights because of a second strike in a month over workers' pay. Lufthansa scrapped 1,700 flights, leaving only about 30 running, after all-day strike actio
Published 23 Apr, 2013 12:00am
France, Spain miss deficit goals; EU seeks focus on growth

France, Spain miss deficit goals; EU seeks focus on growth

France and Spain fell short of their budget deficit goals last year, data showed on Monday, although the overall fiscal picture for the euro zone improved. France's 2012 budget deficit was 4.8 percent of economic output, statistics office Eurostat said in
Published 23 Apr, 2013 12:00am
EU ends Myanmar sanctions, arms embargo remains

EU ends Myanmar sanctions, arms embargo remains

EU foreign ministers agreed Monday to lift the last of the bloc's trade, economic and individual sanctions against Myanmar, hailing "a new chapter" with the once pariah state. "In response to the changes that have taken place and in the expectation that t
Published 23 Apr, 2013 12:00am
Delays hit major US airports as control tower furloughs kick in

Delays hit major US airports as control tower furloughs kick in

Travellers waited more than an hour for flights in New York and experienced delays at other US airports on Sunday evening as furloughs of air traffic controllers began, reducing the ability of busy hubs to handle arrivals and departures, the Federal Aviat
Published 23 Apr, 2013 12:00am
Hagel touts arms deal on Israel trip

Hagel touts arms deal on Israel trip

Pentagon chief Chuck Hagel and his Israeli counterpart on Monday hailed a major arms deal as a sign of "ironclad" US support for the Jewish state after talks on Iran's nuclear drive and Syria's war. The US defence secretary, who has been accused of being
Published 23 Apr, 2013 12:00am
EU eases Syria oil embargo

EU eases Syria oil embargo

The European Union offered fresh aid Monday to Syria's opposition, easing an EU oil embargo in favour of the rebels fighting President Bashar al-Assad, but stopping short of supplying offensive weapons. In a new signal of support, EU foreign ministers mee
Published 23 Apr, 2013 12:00am
Syria opposition names George Sabra interim chief

Syria opposition names George Sabra interim chief

The Syrian National Coalition named veteran dissident George Sabra as caretaker leader of the main opposition grouping on Monday, following the resignation of Ahmed Moaz al-Khatib. Sabra "was assigned today to carry out the functions of the head of the Co
Published 23 Apr, 2013 12:00am
Up to 500 feared dead in Damascus suburb

Up to 500 feared dead in Damascus suburb

At least 109 people have been documented as killed and up to 400 more are likely to have died in an almost week-long offensive by forces loyal to Syrian President Bashar al-Assad on a rebellious Damascus suburb, opposition activists said.
Published 23 Apr, 2013 12:00am
Five dead in shooting near Seattle

Five dead in shooting near Seattle

Five people died in a shooting incident in an apartment complex near Seattle in the north-west US state of Washington, news reports said Monday. The dead included a man shot by several police officers as he lay on the ground in a parking lot and reached f
Published 23 Apr, 2013 12:00am
Suspect charged in hospital with Boston marathon bombing

Suspect charged in hospital with Boston marathon bombing

Prosecutors charged Dzhokhar Tsarnaev on Monday with carrying out last week's bomb attacks on the Boston Marathon that killed three people and injured more than 200, US officials said. The formal charge, which could carry the death penalty if the 19-year-
Published 23 Apr, 2013 12:00am
Emotional Italian president slams parties, government in sight

Emotional Italian president slams parties, government in sight

Newly re-elected president Giorgio Napolitano delivered an emotional rebuke to Italy's warring political factions on Monday and announced talks that could see a grand coalition government formed within days to end two months of post-election stalemate.
Published 23 Apr, 2013 12:00am
EU unlocks door to Serbia, Kosovo after landmark deal

EU unlocks door to Serbia, Kosovo after landmark deal

The European Union unlocked its door to Serbia and Kosovo on Monday in reward for striking a landmark agreement to normalise ties and turn the page on the last searing trouble-spot in the Balkans. But in the ethnically split northern Kosovo town of Kosovs
Published 23 Apr, 2013 12:00am
Venezuela's Maduro retains key Chavez ministers

Venezuela's Maduro retains key Chavez ministers

Venezuelan President Nicolas Maduro launched a "government of the streets" Monday with new finance and interior ministers, even as his election to replace the late Hugo Chavez remained in dispute. Other key ministers who had been appointed by Chavez were
Published 23 Apr, 2013 12:00am
187 dead, 77 injured after fierce Nigeria clashes

187 dead, 77 injured after fierce Nigeria clashes

Heavy fighting between Nigerian troops and suspected Islamist insurgents has killed 187 people and injured 77 others, with massive blazes that raged after the clashes leaving nearly half the town destroyed, the Red Cross said Monday. The bloodshed in the
Published 23 Apr, 2013 12:00am
Millionaire businessman wins Paraguay presidency

Millionaire businessman wins Paraguay presidency

Colorado Party millionaire and political neophyte Horacio Cartes won Paraguay's presidential race, officials said Sunday, paving the way for his nation to rejoin the Mercosur trade bloc. Cartes, a conservative tobacco baron, took 46 percent of the vote ag
Published 23 Apr, 2013 12:00am
New York cotton ekes out gains as traders cover shorts

New York cotton ekes out gains as traders cover shorts

ICE cotton futures eked out gains on Monday as traders covered short positions and snapped up fibre after last week's drop to six-week lows. The most-active July futures contract on ICE Futures US settled 0.93 percent higher at 86.15 cents per lb. While t
Published 23 Apr, 2013 12:00am
Shanghai copper tumbles

Shanghai copper tumbles

The most-traded August copper contract on the Shanghai Futures Exchange tumbled to nearly a three-year low at 48,970 yuan a tonne ($7,900) on Monday, which was its weakest since June 2010, before cutting losses to close at 49,040 a tonne, down 2.83 percen
Published 23 Apr, 2013 12:00am
Copper declines

Copper declines

Copper fell almost 1 percent on Monday, to trade close to 1-1/2 year lows amid disappointing global growth and higher supply prospects. Three-month copper on the London Metal Exchange ended at $6,935 a tonne from $6,990 at the close on Friday, having earl
Published 23 Apr, 2013 12:00am
Brent oil rises

Brent oil rises

Brent crude futures rose for a third straight session to top $100 a barrel on Monday, lifted by gains in the US stock market. Trading was choppy, with oil prices closely tracking the US equity market, which moved into positive territory in the afternoon o
Published 23 Apr, 2013 12:00am
Tokyo rubber lower

Tokyo rubber lower

Tokyo rubber futures edged lower on Monday, tracking falls in Shanghai futures, while investors booked profits after a recent rally, dealers said. However, technical sentiment improved after prices found a strong support level of 250 yen, they said.
Published 23 Apr, 2013 12:00am
Palm oil plunges

Palm oil plunges

Malaysian palm oil dropped to a fresh four-month low on Monday, as volatility in commodities markets overall and losses in soybeans weighed, with investors also wary ahead of slowing export demand. Global markets have faced turbulent trading over the past
Published 23 Apr, 2013 12:00am
ICE cocoa falls from four-month high

ICE cocoa falls from four-month high

ICE cocoa futures posted their largest daily loss in a month on Monday on profit taking as the market consolidated after touching a four-month high last week in reaction to better-than-expected first-quarter North American grindings. Raw sugar futures on
Published 23 Apr, 2013 12:00am
Gold jumps in Asia

Gold jumps in Asia

Gold jumped more than 2 percent on Monday after a rebound above $1,400 ignited technical buying, but sentiment was shaky as steady outflows from exchange-traded funds trimmed their bullion holdings to the lowest in three years. The technical outlook for g
Published 23 Apr, 2013 12:00am
Gold rises in Europe as buyers swoop

Gold rises in Europe as buyers swoop

Gold rose more than 2 percent on Monday, supported by strong physical buying after last week hitting a two-year low, but investors reduced holdings of bullion in the top exchange-traded fund to the lowest in nearly three years. The technical outlook for g
Published 23 Apr, 2013 12:00am
US MIDDAY: wheat falls

US MIDDAY: wheat falls

Chicago Board of Trade (CBOT) wheat futures fell 2 percent and corn sagged 1 percent on Monday on forecasts for better crop weather across a broad swath of the soggy US wheat and corn belts, traders said. Soyabeans also slipped 1 percent on improved US cr
Published 23 Apr, 2013 12:00am
US MIDDAY: gold soars

US MIDDAY: gold soars

Gold rose closed up 1.5 percent early on Monday, cutting gains late in the session but remaining supported by strong physical buying, after the price hit a two-year low last week. At the same time, investors reduced bullion holdings in the top exchange-tr
Published 23 Apr, 2013 12:00am
Quran Khawani

Quran Khawani

Quran Khawani & Mehfil-e-Milad (for ladies only) for departed soul of former Justice K M A Samdani will be held at Tech. Club, TECH Society, Canal Bank Road, Lahore on Thursday (April 25) at 04:00 pm.
Published 23 Apr, 2013 12:00am
Barozai speaks to quake-hit victims

Barozai speaks to quake-hit victims

Caretaker Chief Minister Balochistan Nawab Ghous Barozai here Monday assured that the government would utilise all available resources for complete rehabilitation of quake-stricken people of the district. Talking to victims, the caretaker CM said the gove
Published 23 Apr, 2013 12:00am
Siddiq Akbar assigned Cabinet Secretary post

Siddiq Akbar assigned Cabinet Secretary post

Prime Minister former Justice Mir Hazar Khan Khoso has been pleased to assign the additional charge of the post of Cabinet Secretary to K. M. Siddiq Akbar, Principal Secretary to the Prime Minister, with immediate, says a press release issued here on Mond
Published 23 Apr, 2013 12:00am
KESC to provide 'free electricity' to Karwan-e-Hayat: MoU signed

KESC to provide 'free electricity' to Karwan-e-Hayat: MoU signed

Karachi Electric Supply Company (KESC) has signed another Memorandum of Understanding under its Social Investment Programme with 'Karwan-e-Hayat,' a welfare NGO in mental healthcare sector, to provide absolutely free of cost electricity to its three facil
Published 23 Apr, 2013 12:00am
PIA management hailed

PIA management hailed

PIA Retired Employees Association's Chairman, Zulfiqar Ali, President, Syed Tahir HasSan, Senior Vice President, Lateef Siddiqui and Secretary General Mohammad Younus Kakakhel have thanked the Chairman PIA Lieutenant General Asif Yaseen Malik (Retd), Mana
Published 23 Apr, 2013 12:00am
PSM clarification

PSM clarification

With reference to the news item published in Business Recorder, Karachi dated 19-4-2013 titled "SSGC bills reach Rs 16bn PSM faces gas disconnection" the undersigned has said that the title information is wrongly quoted regarding the outstanding am
Published 23 Apr, 2013 12:00am
Forum on Islamic Treasury Operations held at Meezan Bank

Forum on Islamic Treasury Operations held at Meezan Bank

The senior Shariah scholars and advisors of Islamic banks and conventional banks having Islamic windows, have agreed to standardise the forex and interbank Musharakah agreements amongst Islamic banks and Islamic banking windows. This move will facilitate
Published 23 Apr, 2013 12:00am
Water shortage in industrial zones: establishment of RO plant demanded

Water shortage in industrial zones: establishment of RO plant demanded

There is acute shortage of water in industrial zones which is creating difficulties in carrying out industrial production and delays in fulfilling export orders specially, in textile and leather processing industries, located in Korangi, Landhi, F.B.Area,
Published 23 Apr, 2013 12:00am
Formation of ICC-KCCI World Chambers' Federation Commission agreed

Formation of ICC-KCCI World Chambers' Federation Commission agreed

Karachi Chamber of Commerce and Industry (KCCI) and International Chamber of Commerce Pakistan (ICCP), to uplift the economy and promote further international interaction between the business and industrial community in Pakistan and its counterparts inter
Published 23 Apr, 2013 12:00am
Lafarge Pakistan Cement

Lafarge Pakistan Cement

Lafarge Pakistan Cement (LP) is a part of Lafarge, a French company specialising in the manufacture of construction materials. It is the only multinational cement manufacturer in Pakistan, which commenced commercial operations in December 2006 with an ann
Published 23 Apr, 2013 12:00am
Lafarge Pakistan Cement

Lafarge Pakistan Cement

Lafarge Pakistan Cement (LP) is a part of Lafarge, a French company specialising in the manufacture of construction materials. It is the only multinational cement manufacturer in Pakistan, which commenced commercial operations in December 2006 with an ann
Published 23 Apr, 2013 12:00am
Petro-marts raided, smuggled cigarettes seized

Petro-marts raided, smuggled cigarettes seized

Directorate General Intelligence and Investigation, Inland Revenue, (I&I-IR) Federal Board of Revenue (FBR) has conducted raids on petro-marts or retail outlets of the oil marketing companies (OMCs) and recovered smuggled/non-duty paid cigarettes from suc
Published 23 Apr, 2013 12:00am
PPP dissident leader to contest polls independently

PPP dissident leader to contest polls independently

A dissident leader of Pakistan People's Party Parliamentarian (PPPP), Anwar Safi announced to contest election as independent candidate from constituency PK-2, vowed that he would not withdraw and face against the PPP candidate in the election. He made an
Published 23 Apr, 2013 12:00am
IED outside Abdullah Baba's shrine defused

IED outside Abdullah Baba's shrine defused

An attempt to blow up the shrine of Sufi saint Abdullah Baba in Peshawar was foiled on Monday when a bomb was defused. Sources said the Bomb Disposal Squad defused a three-kilogram Improvised Explosive Devices planted outside the shrine in Peshawar's Badh
Published 23 Apr, 2013 12:00am
ICAP, AGP, CGA sign accord

ICAP, AGP, CGA sign accord

The Institute of Chartered Accountants of Pakistan (ICAP), Auditor General of Pakistan (AGP) and the Controller General of Accounts (CGA) signed a memorandum of understating (MoU) here on Monday. The MoU was signed by Ahmed Rasul Bangash, AGPR; Ahmed Saee
Published 23 Apr, 2013 12:00am
RO training programme

RO training programme

The Returning Officer NA-221, PS-47 and 50 Hyderabad has intimated that the training programme/attendance of polling staff/polling personnel (female) for the Constituency NA-221 and PS-47 has been scheduled on April, 27, 2013 at Government Girls Zubeda Co
Published 23 Apr, 2013 12:00am
Government urged to create conducive environment for election

Government urged to create conducive environment for election

Participants at a seminar on electioneering process have asked the government to take further steps for creating conducive environment to voters during the election especially for women. They further said that it was eminent to create awareness regarding
Published 23 Apr, 2013 12:00am
Naval Chief meets Prime Minister

Naval Chief meets Prime Minister

Chief of the Naval Staff, Admiral Muhammad Asif Sandila, called on Prime Minister former Justice Mir Hazar Khan Khoso at Prime Minister's House and discussed professional matters pertaining to Pakistan's Naval Forces. The Prime Minister while talking to t
Published 23 Apr, 2013 12:00am
Experts say SRO 98(I) causing serious calculation problems

Experts say SRO 98(I) causing serious calculation problems

The SRO 98(I)/2013 of the Federal Board of Revenue (FBR) has created serious calculation problem in electronic filing of sales tax returns while incorporating figures of sales tax withheld under the said notification. According to tax experts here on Mond
Published 23 Apr, 2013 12:00am
Pesco disconnects supply to 70 more defaulters

Pesco disconnects supply to 70 more defaulters

Peshawar Electricity Supply Company (Pesco) in collaboration with National Accountability Bureau (NAB) disconnected power supply to 70 more defaulters including industrial, commercial and domestic consumers in Peshawar, Khyber and Bannu areas on non-payme
Published 23 Apr, 2013 12:00am
NIM faculty visits FBR House

NIM faculty visits FBR House

A group of twenty-two participants of 15th Mid-Career Management Course (MCMC) and faculty of National Institute of Management (NIM) Karachi visited FBR House, here on Monday, as part of their country study tour.
Published 23 Apr, 2013 12:00am
Action against illegal guest houses in Khyber Pakhtunkhwa directed

Action against illegal guest houses in Khyber Pakhtunkhwa directed

The Home and Tribal Affairs Department, Khyber Pakhtunkhwa has directed Provincial Police Officer (PPO), Commissioner Peshawar, Capital City Police Officer (CCPO) and Director General (DG), Peshawar Development Authority (PDA) for action against illegal g
Published 23 Apr, 2013 12:00am
NA-259: Tough contest among political heavyweights likely

NA-259: Tough contest among political heavyweights likely

Well-known politicians like Mehmood Khan Achakzai, Ali Ahmed Kurd, Hafiz Hamdullah had contested elections in NA-259 Quetta city in the past but this time the support of those coming from outside the province would play a decisive role in success of any c
Published 23 Apr, 2013 12:00am
Gujrat-Sialkot-Lahore: Elahi promises to build Motorway

Gujrat-Sialkot-Lahore: Elahi promises to build Motorway

Pakistan Muslim League-Q (PML) senior leader and candidate from NA-105 Gujrat, Chaudhry Parvez Elahi has said that PML-Q, if voted to power, would construct Gujrat-Sialkot-Lahore Motorway and establish two engineering and technical universities and an ind
Published 23 Apr, 2013 12:00am
Half of polling stations in Karachi are sensitive

Half of polling stations in Karachi are sensitive

Almost half of around 3,700 designated polling stations are considered as 'sensitive,' a senior police officer has said on Monday. Additional IG Sindh Police Ghulam Shabbir there would be 3,700 polling stations across the city for the May polls. Half of t
Published 23 Apr, 2013 12:00am
Bilawal takes notice of estranged PPP leaders

Bilawal takes notice of estranged PPP leaders

Chairman Pakistan People's Party (PPP) Bilawal Bhutto Zardari on Monday took notice of the fact that estranged PPP leaders are contesting elections independently against PPP ticket-holders in various constituencies. Bilawal, while taking notice of the sit
Published 23 Apr, 2013 12:00am
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