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Dec 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-04-16
Nickel falls; China worry hits copper

Nickel falls; China worry hits copper

Base metals fell on Tuesday, led by nickel, as investors sold risky assets on worries about demand in top consumer China and on concern about tensions in Ukraine. Nickel, mainly used in stainless steel, fell the most as investors also locked in profits fo
Published 16 Apr, 2014 12:00am
Brent oil rises with Ukraine tension; capped by Libya output

Brent oil rises with Ukraine tension; capped by Libya output

Benchmark Brent oil rose slightly on Tuesday after news that Ukrainian armed forces launched military operations in the east of the country, though gains were limited by the prospect of a resumption of oil exports from Libya. Russia declared Ukraine on th
Published 16 Apr, 2014 12:00am
Tokyo rubber rises

Tokyo rubber rises

Benchmark Tokyo rubber futures ended up 0.7 percent on Tuesday as the market got support from higher Japanese equities and a weaker yen, but volumes were small due to a holiday in Thailand, brokers said. The benchmark rubber contract on the Tokyo Commodit
Published 16 Apr, 2014 12:00am
Wheat jumps

Wheat jumps

US wheat futures surged nearly 3 percent on Monday as traders responded to fresh tensions in the Black Sea region, coupled with the threat of freeze damage to crops in the US Plains. Corn and soyabeans followed wheat higher, with corn buoyed by strong wee
Published 16 Apr, 2014 12:00am
Palm oil climbs

Palm oil climbs

Malaysian palm oil futures climbed to a near two-week high on Tuesday after firm export data fuelled investor hopes that a recovery in global demand for the tropical oil will underpin prices. Exports of Malaysian palm oil products for the first half of Ap
Published 16 Apr, 2014 12:00am
Coffee tumbles

Coffee tumbles

ICE arabica coffee tumbled the most since August 2010 on Tuesday as investors booked profits and sell-stops deepened losses after prices failed break above technical resistance near Friday's two-year high. London white sugar rose ahead of the May contract
Published 16 Apr, 2014 12:00am
Gold slips in Asia

Gold slips in Asia

Gold fell over 1 percent on Tuesday, retreating from a three-week high as gains in the dollar and strong US retail sales data offset safe-haven bids that were driven by heightened tensions in Ukraine. Spot gold fell 1 percent to $1,313.34 an ounce by 0704
Published 16 Apr, 2014 12:00am
Gold rises in New York

Gold rises in New York

Gold rose to a three-week high on Monday as renewed concerns over the escalation of hostilities in Ukraine prompted investors to add positions in bullion as a hedge, while supply fears lifted palladium prices to a fresh 2-1/2 year peak. Spot gold was up 0
Published 16 Apr, 2014 12:00am
Gold dives over two percent in Europe

Gold dives over two percent in Europe

Gold prices fell more than 2 percent on Tuesday as strength in the dollar following forecast-beating US retail sales data pushed it through key chart levels while silver hit a 2-1/2 month low. Selling accelerated sharply after gold prices broke through th
Published 16 Apr, 2014 12:00am
US MIDDAY: soya rallies

US MIDDAY: soya rallies

US soyabean futures surged 1.7 percent on Tuesday on signs that domestic processors kept their plants running at high levels even as supplies dwindled, traders said. Wheat futures gained 2.3 percent, supported by concerns escalating political tensions in
Published 16 Apr, 2014 12:00am
US MIDDAY: gold tumbles

US MIDDAY: gold tumbles

Gold tumbled about 2 percent early on Tuesday, hit by heavy stop-loss orders placed by momentum traders as prices broke below the key 200-day moving average. Silver and platinum group metals also sold off after Monday's rally across the board.
Published 16 Apr, 2014 12:00am
122 writers to attend Islamabad Literature Festival

122 writers to attend Islamabad Literature Festival

A galaxy of 122 writers will honour the 2nd Islamabad Literature Festival - (ILF) on April 25-27. "After the success of the first ILF, Oxford University Press (OUP) is delighted to announce the second ILF dates and highlights," OUP Managing Director Ameen
Published 16 Apr, 2014 12:00am
'Speakers won't participate in any unconstitutional act'

'Speakers won't participate in any unconstitutional act'

Speakers of national and provincial assemblies will not become part of any unconstitutional act and continue to work for promotion of democracy and rule of law. Speaker National Assembly Ayaz Sadiq said this on Tuesday while addressing a news conference a
Published 16 Apr, 2014 12:00am
OGDCL, MOL Pakistan and PARCO sign MoU

OGDCL, MOL Pakistan and PARCO sign MoU

Oil & Gas Development Company Limited (OGDCL), MOL Pakistan, and PARCO have signed a Memorandum of Understanding (MOU) for the construction of a crude decanting facility at Mahmood Kot Refinery (MCR), PARCO, Multan. This would enable both the companies to
Published 16 Apr, 2014 12:00am
Purchase of gifts: PAC body observes lack of transparency

Purchase of gifts: PAC body observes lack of transparency

Public Accounts Committee's (PAC) sub-committee observed on Tuesday that the way to purchase gifts for foreign dignitaries. While examining the audit report on the accounts of Ministry of Foreign Affairs and Pakistan missions abroad 1998-99, the committee
Published 16 Apr, 2014 12:00am
Bus stand at G-9 Markaz auctioned

Bus stand at G-9 Markaz auctioned

Directorate of Municipal Administration, Capital Development Authority (CDA) auctioned the bus stand at G-9 Markaz at an amount of Rs 70 million on Tuesday. CDA has earned almost double amount in comparison with the amount earned last year through auction
Published 16 Apr, 2014 12:00am
Dastgir calls on Saudi Crown Prince

Dastgir calls on Saudi Crown Prince

Commerce Minister Engineer Khurram Dastgir Khan on Tuesday called on the Crown Prince of Saudi Arabia, Prince Salman bin Abdulaziz al Saud in Riyadh. The two leaders expressed satisfaction at the burgeoning co-operation between the two countries.
Published 16 Apr, 2014 12:00am
Sardar Mehtab Abbasi sworn in as Governor Khyber Pakhtunkhwa

Sardar Mehtab Abbasi sworn in as Governor Khyber Pakhtunkhwa

Amid a massive attendance of Pakistan Muslim League-Nawaz, stalwarts and workers, Sardar Mehtab Khan Abbasi, took oath as Governor Khyber Pakhtunkhwa here on Tuesday. The oath taking ceremony glittering with colours of PML-N, held at main lawn of Governor
Published 16 Apr, 2014 12:00am
Truck driver shot dead

Truck driver shot dead

Unknown armed men gunned down a truck driver near Naach crossing area, National Highway on Tuesday. According to levies force, three trucks carrying marble stones were on the way to Karachi when armed assailants opened fire at them and fled from the scene
Published 16 Apr, 2014 12:00am
Partly Facetious: Senate makes it mandatory for Prime Minister

Partly Facetious: Senate makes it mandatory for Prime Minister

"So the rules of business were changed and now the Prime Minister would have to attend the Senate at least once a week." "I would like to highlight two prevalent elements: first, how many politicians or shall we say decision makers of political parties ac
Published 16 Apr, 2014 12:00am
Economy on the upward curve - I

Economy on the upward curve - I

The Annual Public Pulse Report for 2014 issued by Gallup Pakistan maintains that there has been a massive improvement in the ratings for overall performance of the PML (N) government (59 percent) as compared to the performance of the previous government d
Published 16 Apr, 2014 12:00am
Iraqis in resort town face return to Anbar unrest

Iraqis in resort town face return to Anbar unrest

When fighting erupted in Iraq's Anbar province in December, Abu Mohammed fled with his family to a virtually empty summer resort far to the north to take advantage of its off-season rates and wait out the conflict. But high season is about to begin in Sha
Published 16 Apr, 2014 12:00am
Walking, 'talking' drilling rigs aim to modernise fracking

Walking, 'talking' drilling rigs aim to modernise fracking

The backbreaking life of a roughneck, the iconic worker bees of oilfield drilling rigs, is getting a little easier. Schramm Inc, which built the drilling rig that four years ago helped rescue 33 trapped Chilean copper miners, has designed a 500,000-pound
Published 16 Apr, 2014 12:00am
N-sector reforms

N-sector reforms

The nuclear sector (PAEC) has been in news recently for its NPP K2 siting proposal/decision within the city limits of Karachi. A lot of criticism has been made (including by this scribe) by the residents and community representatives of Karachi and other
Published 16 Apr, 2014 12:00am
PTI tax resolve

PTI tax resolve

The unanimous passage of the resolution in the National Assembly urging the Speaker to form a committee to investigate allegations of non-payment of taxes by parliamentarians on 8th April must be lauded. The motion was moved by Asad Umer and six other mem
Published 16 Apr, 2014 12:00am
Provincial tax collections

Provincial tax collections

According to a Business Recorder exclusive, the sum total of provincial tax collections during the first seven months of the current year rose to 87 billion rupees in comparison to the 70 billion rupees collected during period of July-January 2012-
Published 16 Apr, 2014 12:00am
Poor children: LCWU launches on-campus model school

Poor children: LCWU launches on-campus model school

Lahore College for Women University (LCWU) has launched its on-campus model primary school to offer quality educational opportunities to out-of-school children in its surroundings. Vice-Chancellor Professor Dr Sabiha Mansoor had announced the launching of
Published 16 Apr, 2014 12:00am
Tannery Zone's on-going projects: Commissioner orders early completion

Tannery Zone's on-going projects: Commissioner orders early completion

Commissioner Karachi, Shoaib Siddiqui, has directed concerned officials to expedite and complete all the on-going projects in Korangi Industrial Area's Tannery Zone on priority. He gave these instructions during his meeting with a delegation of Pakistan T
Published 16 Apr, 2014 12:00am
Suspected Greek neo-Nazis get life for murdering Pakistani

Suspected Greek neo-Nazis get life for murdering Pakistani

Two suspected members of Greek neo-Nazi party Golden Dawn were sentenced Tuesday to life in prison over the fatal stabbing of a Pakistani immigrant last year, a judicial source said. However, the Athens court judging the case threw out the prosecution's a
Published 16 Apr, 2014 12:00am
Industrial effluent being drained into Keenjhar Lake unabated

Industrial effluent being drained into Keenjhar Lake unabated

Sindh Tourism department has failed to check growing pollution of Keenjhar Lake despite showing expenses worth millions of rupees in budget documents. The department has made tall claims on many occasions of taking measures to check discharge of effluent
Published 16 Apr, 2014 12:00am
Tax directory unveiled

Tax directory unveiled

The Federal Board of Revenue Tuesday issued Annual Tax Directory containing the names of more than 800,000 taxpayers for (Tax Year 2013) disclosing titles and tax payments of the income tax return filers, corporations, Association of Persons (AOPs) and in
Published 16 Apr, 2014 12:00am
DCO Lahore visits Mian Munshi hospital

DCO Lahore visits Mian Munshi hospital

District Co-ordination Officer Lahore, Dr Ahmed Javed Qazi visited Mian Munshi Hospital on Tuesday and inspected the facilities being provided to the patients. On the occasion, he ordered the concerned officials for proper availability of medicines in the
Published 16 Apr, 2014 12:00am
88 alleged criminals arrested during last 24 hours

88 alleged criminals arrested during last 24 hours

Karachi police on Tuesday claimed to have arrested around 88 alleged criminals in various parts of metropolis during last 24 hours. Police claimed to have conducted 95 targeted raids and 3 encounters in the city that led the arrests of 88 alleged criminal
Published 16 Apr, 2014 12:00am
Sindh chief minister takes notice of measles' outbreak in Keenjhar

Sindh chief minister takes notice of measles' outbreak in Keenjhar

Sindh Chief Minister Syed Qaim Ali Shah took notice of the outbreak of measles in Keenjhar and its surrounding areas and gastro-enteritis in different areas of district Khairpur Mir's and Larkana, and directed Health department officials and PPHI to take
Published 16 Apr, 2014 12:00am
Seniority of LHC judges: Supreme Court seeks federal government's stance

Seniority of LHC judges: Supreme Court seeks federal government's stance

The Supreme Court on Tuesday sought federal government's stance on the issue of seniority of Lahore High Court judges. A five-member larger bench headed by Chief Justice Tassaduq Hussain Jillani heard a constitutional petition regarding the seniority of L
Published 16 Apr, 2014 12:00am
Ufone launches 'ShahCar Offer'

Ufone launches 'ShahCar Offer'

Ufone once again announced the launch of ShahCar Offer 2014. With this mega offer, 20 lucky Ufone customers will get a chance to win 20 brand new Toyota Corolla car (via lucky draw). Keeping its tradition, Ufone always takes pride to lead and introduce th
Published 16 Apr, 2014 12:00am
Fata ACS lauds KITE services for tribal poor youth

Fata ACS lauds KITE services for tribal poor youth

Additional Chief Secretary (ACS) Fata, Arbab Muhammad Arif while eulogising the services of Khyber Institute of Technical Education (KITE) has said the institute has a distinctive feature of serving the poor youth of KP and tribal areas. He said this whil
Published 16 Apr, 2014 12:00am
NAB Khyber Pakhtunkhwa arrests Ghazan Hoti in weapons scam

NAB Khyber Pakhtunkhwa arrests Ghazan Hoti in weapons scam

National Accountability Bureau (NAB) Khyber Pakhtunkhwa on Tuesday arrested Ghazan Hoti, brother of KP's former chief minister Haider Hoti, in the police weapons scam after non-confirmation of his bail before arrest by the Peshawar High Court. Former Insp
Published 16 Apr, 2014 12:00am
New gas load management plan irks motorists in Punjab

New gas load management plan irks motorists in Punjab

The motorists in the Punjab are facing serious problems due to new gas load-management plan for the Compressed Natural Gas (CNG) outlets, according to which CNG stations in the province remain open for 6 hours a day from 10 am to 4 pm, which deprive a maj
Published 16 Apr, 2014 12:00am
CDA will start FM radio channel soon

CDA will start FM radio channel soon

Chairman Capital Development (CDA), Authority Maroof Afzal said CDA will soon start its FM Radio channel in the Capital city. The FM Radio will be used for awareness, education and feedback of the citizens. Maroof Afzal said this while chairing a high lev
Published 16 Apr, 2014 12:00am
Korean Prime Minister plants sapling at Shakarparian

Korean Prime Minister plants sapling at Shakarparian

Prime Minister of Republic of Korea, Chung Hongwon on Tuesday visited Shakarparian Viewpark and planted a sapling of Chir Pine (Pinus Roxburghii) as a memorial of his visit to Islamabad. The visiting dignitary was accompanied by Minister for Planning and
Published 16 Apr, 2014 12:00am
CISS conference in Islamabad today

CISS conference in Islamabad today

Eminent scholars, diplomats and professionals from Iran, Afghanistan and Pakistan are putting their heads together Wednesday to explore the "Prospects of Trilateral Co-operation among Pakistan, Afghanistan and Iran" in an international conference at a hot
Published 16 Apr, 2014 12:00am
Three of a family killed in blast

Three of a family killed in blast

Three members of a family were killed in a 'mysterious' blast inside a house near Mityari College. SSP Mityari Amjad Sheikh said that the Bomb Disposal Squad (BDS)was called in to ascertain the nature of the blast. Bodies were taken to a nearby hospital f
Published 16 Apr, 2014 12:00am
ExD, SAP to hold seminar tomorrow

ExD, SAP to hold seminar tomorrow

Excellence Delivered (ExD), the leading implementation and education partner of SAP in Pakistan, in collaboration with SAP, is organising a one-day information seminar titled "SAP Experience - the future of business" on April 17. The seminar is designed t
Published 16 Apr, 2014 12:00am
ExD, SAP to hold seminar tomorrow

ExD, SAP to hold seminar tomorrow

Excellence Delivered (ExD), the leading implementation and education partner of SAP in Pakistan, in collaboration with SAP, is organising a one-day information seminar titled "SAP Experience - the future of business" on April 17. The seminar is designed t
Published 16 Apr, 2014 12:00am
MQM for including cantonment areas in tax net

MQM for including cantonment areas in tax net

Muttahida Qaumi Movement (MQM) on Tuesday urged Sindh government to make laws enabling relevant departments to collect entertainment, property and other provincial taxes from all areas falling in the jurisdiction of cantonment boards. MQM's Parliamentary
Published 16 Apr, 2014 12:00am
Ruckus prevails in Sindh Assembly amid MQM protest

Ruckus prevails in Sindh Assembly amid MQM protest

Ruckus hit the Sindh Assembly proceeding on Tuesday, when Muttahida Qaumi Movement's lawmakers protested against rejection of their adjournment motion about the alleged 'extrajudicial' killings of their party workers. When Deputy Speaker Shehla Raza rejec
Published 16 Apr, 2014 12:00am
96 tons of copper wire stolen: K-Electric voices concern over theft

96 tons of copper wire stolen: K-Electric voices concern over theft

K-Electric (formerly KESC) has expressed great concern over theft of more than 96 tons of precious conductor copper wire from the utility's network and installations during the year 2013. In a press statement issued here, KE demanded of the authorities to
Published 16 Apr, 2014 12:00am
Violation of rules: three officers dismissed from jobs

Violation of rules: three officers dismissed from jobs

Sindh Chief Secretary Sajjad Saleem Hotiana here on Tuesday dismissed three Grade-18 officers over violation of rules and regulations. The Chief Secretary announced this decision at a hearing at his office against these officers.
Published 16 Apr, 2014 12:00am
Soneri Bank donates 11.25 tonnes of food to drought-hit people

Soneri Bank donates 11.25 tonnes of food to drought-hit people

Soneri Bank Limited recently undertook an initiative to assist the people affected by the drought devastation in Thar. Soneri Bank donated approximately 11.25 tonnes of food to be distributed in the form of 525 food hampers to the people of Thar.
Published 16 Apr, 2014 12:00am
SECP registers HAP

SECP registers HAP

Halal Products and Services Association of Pakistan (HAP) has been incorporated with Securities and Exchange Commission of Pakistan (SECP) under the Companies Ordinance, 1984 (XLVII of 1984) vide incorporation No is 008783. HAP is the only trade associati
Published 16 Apr, 2014 12:00am
'Opal 225': SHC bars CBC from taking adverse action

'Opal 225': SHC bars CBC from taking adverse action

Sindh High Court (SHC) on Monday barred Clifton Board Cantonment (CBC) from taking any adverse action against Bahria Town in connection with its ongoing construction work on a high-rise building 'Opal 225' in Karachi. Justice Muneeb Akhtar, who headed a s
Published 16 Apr, 2014 12:00am
'Pakistan, China ties help ensure food security in region'

'Pakistan, China ties help ensure food security in region'

Better ties between China and Pakistan in agriculture and education sectors will help ensure the food security and alleviate the poverty from the region. It was discussed at the meeting held between UAF Vice Chancellor Professor Dr Iqrar Ahmad Khan and a
Published 16 Apr, 2014 12:00am
Clarification

Clarification

HBFCL strongly contradicts the news report titled "promotions in HBFCL - MoF restrictions flouted" carried by Business Recorder on 29-03-2014, being unfounded and incorrect. HBFCL wishes to clarify that, whatsoever actions have been taken by the pr
Published 16 Apr, 2014 12:00am
Lamudi gets $7 million new funding for Asian operations

Lamudi gets $7 million new funding for Asian operations

Global incubator, Rocket Internet's real estate start up Lamudi has received almost US $7 million new funding for Asian operations from a range of investors including Tengelmann Ventures, the investment company of Tengelmann Group, the international multi
Published 16 Apr, 2014 12:00am
Lawyer gunned down in Mardan

Lawyer gunned down in Mardan

Unknown armed men gunned down a senior lawyer here on Tuesday and escaped the scene. Police said that unidentified miscreants sprayed bullets at senior lawyer Muhammad Qasim Khan in Janabad locality of Mardan. As a result of firing, he was killed on the s
Published 16 Apr, 2014 12:00am
Pakistan and Taiwan: expeditious issuance of visa to businessmen urged

Pakistan and Taiwan: expeditious issuance of visa to businessmen urged

Private sectors in Pakistan and Taiwan on Tuesday resolved to talk to their respective governments for expeditious issuance of visa to the businessmen as undue delay to this regard is hitting hard the trade and economic relations between the two countries
Published 16 Apr, 2014 12:00am
Dr Atta for allocating resources to research, innovation

Dr Atta for allocating resources to research, innovation

Former Chairman Higher Education Commission Professor Dr Atta-ur-Rehman called upon the government to allocate resources to science and technology, research and innovation as the prosperity of the country is linked with progress in education. He was addre
Published 16 Apr, 2014 12:00am
CCME body formed

CCME body formed

Medical educationists of the province have formed an official body namely the Council for Collaboration in Medical Education (CCME) in a bid to enhance the educational role of medical and health institutions through more collaboration and co-operation. Th
Published 16 Apr, 2014 12:00am
Queen Elizabeth's: 88th birthday celebrated

Queen Elizabeth's: 88th birthday celebrated

Dignitaries from all over Pakistan gathered at the British High Commission here on Tuesday to mark 88th birthday of Her Majesty Queen Elizabeth II. Around 1,000 people attended the red carpet celebrations, including representatives from the government of
Published 16 Apr, 2014 12:00am
Punjab chief minister, Governor discuss uplift projects

Punjab chief minister, Governor discuss uplift projects

Punjab Chief Minister Shahbaz Sharif called on Governor Punjab Chaudhry Muhammad Sarwar at Governor House on Tuesday. Matters of mutual interest and development projects in the province were discussed in the meeting. The Chief Minister said the solution o
Published 16 Apr, 2014 12:00am
CM's Self-Employment: scheme aims to promote self-reliance: Shahbaz

CM's Self-Employment: scheme aims to promote self-reliance: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that Chief Minister Self-Employment Scheme is aimed at promoting self-reliance through utilisation of skills. He said that interest-free loans worth Rs 5.5 billion have so far been distributed under t
Published 16 Apr, 2014 12:00am
Target killer involved in killing of 45 people arrested

Target killer involved in killing of 45 people arrested

Ghizri police has arrested an alleged notorious target killer involved in killings of 45 persons in the metropolis. According to SHO Sarwar, the target killer is worker of a political party, who has killed some 45 persons, of them many were activists of a
Published 16 Apr, 2014 12:00am
LG announces newest Home Theatre System

LG announces newest Home Theatre System

LG Electronics (LG) on Tuesday announced its newest Home Theatre System (HTS) designed to transform ordinary living rooms into a private screening room. LG's BH9540TW HTS boasts 9.1 channel system and 1460W power speaker, smart TV capabilities and near-Ul
Published 16 Apr, 2014 12:00am
Road safety 'NH&MP, Pakistani doctors enjoy world recognition'

Road safety 'NH&MP, Pakistani doctors enjoy world recognition'

Inspector General, National Highways and Motorway Police (NH&MP), Zulfiqar Ahmad Cheema said Motorway Police and Pakistani doctors enjoy world recognition. He stated this while addressing the teachers and students of King Edward Medical University at Laho
Published 16 Apr, 2014 12:00am
Procurement drive 2014 kicks off in Punjab

Procurement drive 2014 kicks off in Punjab

Punjab Food Department (PFD) on Tuesday kicked off wheat procurement drive 2014 by starting distribution of gunny bags among wheat growers of Bahawalpur and Multan divisions. Sources said the department had started distribution of gunny bags in Rahimyar K
Published 16 Apr, 2014 12:00am
'Education, accountability must for success of democracy'

'Education, accountability must for success of democracy'

"Democracy is successful in the west because of high education ratio and strict accountability system. A common man can reach to the parliament as public representative on the basis of his capabilities in United Kingdom but unfortunately it is not possibl
Published 16 Apr, 2014 12:00am
Iqbal Manzil to have a museum: minister

Iqbal Manzil to have a museum: minister

Punjab Minister for Education, Rana Mashhood Ahmed Khan, has said that the provincial government has allocated Rs 30 million for the repair and renovation of Iqbal Manzil (Sialkot, the birthplace of poet and philosopher Allama Muhammad Iqbal.
Published 16 Apr, 2014 12:00am
PTI accuses PML-N of destroying state enterprises

PTI accuses PML-N of destroying state enterprises

Pakistan Tehrik-e-Insaf (PTI) Punjab leaders have on Tuesday lambasted the PML-N government for destroying all state enterprises by appointing family and friends in key positions and indulging in non-transparent and corrupt business transactions. PTI Punj
Published 16 Apr, 2014 12:00am
Second man arrested for cannibalism

Second man arrested for cannibalism

Police Tuesday arrested a second man suspected along with his brother of eating a new-born baby whose head was found at their home, officials said. Farman Ali was detained a day after police arrested his brother Mohammad Arif following the grisly discover
Published 16 Apr, 2014 12:00am
Three killed in various incidents of violence in city

Three killed in various incidents of violence in city

At least 3 people were killed while 4 others were injured in different incidents of violence, here on Tuesday in metropolis. According to police and rescue sources, Naseem,35, son of Shameem and Shabbir,40, son of Bashir were shot and killed while Arshad,
Published 16 Apr, 2014 12:00am
Auction draws disappointing bids

Auction draws disappointing bids

A dismal response in this week's auction for next-generation cellphone spectrum licences means cash-strapped Pakistan will struggle to fund its budget this year, finance and IT ministry officials and telecom industry executives told Reuters. Pakistan is s
Published 16 Apr, 2014 12:00am
PSO MD to be appointed within 15 days: minister

PSO MD to be appointed within 15 days: minister

Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi said on Tuesday that a permanent Managing Director of Pakistan State Oil (PSO) will be appointed within two weeks. The Prime Minister's office is working on a summary sent by the Petroleum
Published 16 Apr, 2014 12:00am
SAP asked to provide high quality seeds

SAP asked to provide high quality seeds

Punjab Minister for Food Bilal Yaseen has asked the Seed Association of Pakistan (SAP) to provide high quality seeds for the next wheat crop. He said this while talking to a delegation of the SAP which called on him at his office on Tuesday. The delegatio
Published 16 Apr, 2014 12:00am
Auctioning of timbers: NAB urged to conduct inquiry

Auctioning of timbers: NAB urged to conduct inquiry

Khyber Pakhtunkhwa Timber Association has demanded the National Accountability Bureau to conduct inquiry into allegedly millions of rupees corruption and irregularities in awarding contract to a blue-eyed for auctioning of timbers in Wapda Tarbela Dam pro
Published 16 Apr, 2014 12:00am
The Weather

The Weather

The weather report on Tuesday (April 15, 2014) and the forecast for Wednesday (April 16, 2014).

Published 16 Apr, 2014 12:00am
Enforced disappearances: Court seeks report on disciplinary action

Enforced disappearances: Court seeks report on disciplinary action

The Supreme Court Tuesday sought a report from Ministry of Defence over whether any action taken against the Frontier Corps (FC) officials involved in enforced disappearances in Balochistan. A two-member bench headed by Justice Nasir-ul-Mulk resumed the h
Published 16 Apr, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (April 15, 2014).

Published 16 Apr, 2014 12:00am
Fall in dollar rate hits exporters: SCCI chief

Fall in dollar rate hits exporters: SCCI chief

Sialkot Chamber of Commerce and Industry (SCCI) President, Dr Sarfraz Bashir has said that as a result of continuous decline in dollar rate, exporters are facing many problems with respect to export proceeds. In a press statement he stated that devaluatio
Published 16 Apr, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (April 15, 2014).

Published 16 Apr, 2014 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 16 Apr, 2014 12:00am
Modarba case: NAB arrests suspect

Modarba case: NAB arrests suspect

The National Accountability Bureau Rawalpindi has also arrested one of the main accused in Modarba case who deprived hundreds of people of hard earned money. On a tip-off, Hamid Nawaz of Bolan City (Pvt) Ltd was arrested from Rawalpindi. His name was alre
Published 16 Apr, 2014 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 16 Apr, 2014 12:00am
Modarba case: NAB arrests suspect

Modarba case: NAB arrests suspect

The National Accountability Bureau Rawalpindi has also arrested one of the main accused in Modarba case who deprived hundreds of people of hard earned money. On a tip-off, Hamid Nawaz of Bolan City (Pvt) Ltd was arrested from Rawalpindi. His name was alre
Published 16 Apr, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (April 15, 2014).

Published 16 Apr, 2014 12:00am
HCs designate to Maldives, Singapore, Brunei meet President

HCs designate to Maldives, Singapore, Brunei meet President

Pakistan's High Commissioner-designate to Maldives, Syed Sail Abbas, High Commissioner-designate to Singapore, Tanveer A. Khaskheli and High Commissioner -designate to Brunei Darussalam Brigadier Muhammad Zareef (Retd) Malik separately called on President
Published 16 Apr, 2014 12:00am
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