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Nov 09, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-10-03
Germany at a glance

Germany at a glance

The Federal Republic of Germany lies in the heart of Europe and is a cosmopolitan, democratic country with a great tradition and a lively present. Germany has one of the world's strongest economies and offers an innovative research and education landscape
Published 03 Oct, 2014 12:00am
DS-Concept - at the forefront of international trade finance

DS-Concept - at the forefront of international trade finance

The Chairman of DS-Concept Factoring GmbH, Dr Dieter Spickermann and CEO Mr Ansgar Hütten,Mr Qaseem Jaffri, Country Head Pakistan along with the entire management of DS-Concept congratulates the Federal Republic of Germany on its reunification day on beha
Published 03 Oct, 2014 12:00am
Message from CEO

Message from CEO

On behalf of Kwick High Tech & Solutions (Pvt) Ltd Pakistan, I would like to extend my heartiest facilitation to H.E. Dr Cyrill Nunn German Ambassador to Pakistan and H.E. Dr Tilo Klinner Consul General to Pakistan, the government and people of the Federa
Published 03 Oct, 2014 12:00am
US Midwest corn and soya bids steady to lower

US Midwest corn and soya bids steady to lower

Cash basis bids for corn and soyabeans were steady to lower around the US Midwest on Wednesday while harvest progress was stalled in portions of the region due to rain showers a day earlier, grain merchants said. More rain was expected later this week in
Published 03 Oct, 2014 12:00am
Modest business on grain market

Modest business on grain market

Some changes seen on the wholesale grain market on Thursday as buyers kept on the sidelines amid balance demand and supply position, dealers said. On the seeds side, rapeseeds Mirpurlane low type was unchanged at Rs 2575 and best quality was lower by Rs 2
Published 03 Oct, 2014 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Thursday at Pakistan Mercantile Exchange (PMEX) value traded was recorded at PKR 5.017 billion. The number of lots traded was 29,026 and PMEX Commodity Index closed at 2,919. Major business was contributed by crude oil amounting to PKR 4.122 billion, f
Published 03 Oct, 2014 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 116,622 tonnes of cargo comprising 82,778 tonnes of import cargo and 33,844 tonnes of export cargo including 2,377 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 03 Oct, 2014 12:00am
Oil cake market rates

Oil cake market rates

The December vaida was lower on the forward cottonseeds oilcake market on Thursday in the process of trading, dealers said. The December contract closed at Rs 1497.80, but opened with a fall of 30 paisa at Rs 1497.50, they said. The January vaida ended at
Published 03 Oct, 2014 12:00am
Activity slackens ahead of Eid holidays

Activity slackens ahead of Eid holidays

Trading activity slowed down on the cotton market on Thursday as mills and spinners preferred to be sidelined due to shortage of transport ahead of Eid-ul-Azha holidays, dealers said. The official spot rate was lower by Rs 50 to Rs 5,100, they added. In t
Published 03 Oct, 2014 12:00am
Global glut on cotton market

Global glut on cotton market

The International Cotton Advisory Committee (ICAC) has projected that due to large supply of cotton on the international market, lower prices of world cotton will persist during the 2014-15 season. Both China and India are expected to have large harvests
Published 03 Oct, 2014 12:00am
Global glut on cotton market

Global glut on cotton market

The International Cotton Advisory Committee (ICAC) has projected that due to large supply of cotton on the international market, lower prices of world cotton will persist during the 2014-15 season. Both China and India are expected to have large harvests
Published 03 Oct, 2014 12:00am
World Bank says Ukraine economy shrinking faster than feared

World Bank says Ukraine economy shrinking faster than feared

The pro-Russia insurgency will see Ukraine's economy shrink by eight percent, even worse than feared, but Kiev must still not turn back from comprehensive reforms, the World Bank said Thursday. "Disruption in economic activity in the east has resulted in
Published 03 Oct, 2014 12:00am
World Bank says Ukraine economy shrinking faster than feared

World Bank says Ukraine economy shrinking faster than feared

The pro-Russia insurgency will see Ukraine's economy shrink by eight percent, even worse than feared, but Kiev must still not turn back from comprehensive reforms, the World Bank said Thursday. "Disruption in economic activity in the east has resulted in
Published 03 Oct, 2014 12:00am
Japan business confidence up in sluggish recovery

Japan business confidence up in sluggish recovery

Confidence among major Japanese manufacturers improved in the last quarter after a precipitous drop in the previous three months, a Bank of Japan survey showed Wednesday, but analysts warned the economy was not yet back on track. The surprise result follo
Published 03 Oct, 2014 12:00am
Germany to ban steep rent hikes in booming cities

Germany to ban steep rent hikes in booming cities

Germany's cabinet agreed on Wednesday to cap ballooning property rents in high-demand urban neighbourhoods in a law set to come into force early next year. In order to keep city rents broadly affordable, landlords will be barred from raising them by more
Published 03 Oct, 2014 12:00am
France warns crisis to linger with slow growth, high deficits

France warns crisis to linger with slow growth, high deficits

Crisis-hit France admitted it would suffer from slow growth and high budget deficits for at least the next three years as it unveiled Wednesday a gloomy annual budget likely to drew ire from the EU. Finance Minister Michel Sapin told reporters that France
Published 03 Oct, 2014 12:00am
Daimler cuts car market forecast as Europe wobbles

Daimler cuts car market forecast as Europe wobbles

German luxury automaker Daimler has cut its growth forecast for the global car market, blaming cooler demand in emerging markets and a plunge in Russian sales which has put a fledgling European industry recovery in jeopardy. Speaking as the Paris auto sho
Published 03 Oct, 2014 12:00am
Tunisia imposes new taxes to narrow budget deficit

Tunisia imposes new taxes to narrow budget deficit

Tunisia has imposed new taxes, including a departure levy on foreign travellers, to narrow a deficit expected to reach 8 percent of GDP this year. Three years after the 2011 revolution that ousted autocrat Zine El-Abidine Ben Ali, the north African countr
Published 03 Oct, 2014 12:00am
Tunisia imposes new taxes to narrow budget deficit

Tunisia imposes new taxes to narrow budget deficit

Tunisia has imposed new taxes, including a departure levy on foreign travellers, to narrow a deficit expected to reach 8 percent of GDP this year. Three years after the 2011 revolution that ousted autocrat Zine El-Abidine Ben Ali, the north African countr
Published 03 Oct, 2014 12:00am
France borrows at record low rate despite debt burden

France borrows at record low rate despite debt burden

France borrowed to fund its huge debt and excessive deficit at a record low interest rate on Thursday, the day after a grim budget statement. Despite severe problems with public finances, the country issued mainstream 10-year debt bonds to raise 3.548 bil
Published 03 Oct, 2014 12:00am
France borrows at record low rate despite debt burden

France borrows at record low rate despite debt burden

France borrowed to fund its huge debt and excessive deficit at a record low interest rate on Thursday, the day after a grim budget statement. Despite severe problems with public finances, the country issued mainstream 10-year debt bonds to raise 3.548 bil
Published 03 Oct, 2014 12:00am
Canada revises lower last year's budget deficit

Canada revises lower last year's budget deficit

Canada's fiscal 2013-2014 budget deficit was less than one-third of an original estimate announced in February, Prime Minister Stephen Harper said Thursday. The prime minister told a business audience in Brampton, Ontario that the figure has been revised
Published 03 Oct, 2014 12:00am
Putin dismisses concerns as officials sound alarm over economy

Putin dismisses concerns as officials sound alarm over economy

President Vladimir Putin on Thursday dismissed concerns that Russia's development was heading in the wrong direction as officials sounded the alarm over the economic outlook. Putin spoke at an investor forum after Russia's economy minister said a combinat
Published 03 Oct, 2014 12:00am
British payday lender Wonga writes off 330,000 debtors

British payday lender Wonga writes off 330,000 debtors

A controversial British lender that has drawn opposition including from the Church of England over its high rates on Thursday said it was writing off debts from 330,000 customers. Wonga admitted it had made loans worth a total of £220 million (281 million
Published 03 Oct, 2014 12:00am
British payday lender Wonga writes off 330,000 debtors

British payday lender Wonga writes off 330,000 debtors

A controversial British lender that has drawn opposition including from the Church of England over its high rates on Thursday said it was writing off debts from 330,000 customers. Wonga admitted it had made loans worth a total of £220 million (281 million
Published 03 Oct, 2014 12:00am
Anti-austerity protest greets ECB meeting in Italy

Anti-austerity protest greets ECB meeting in Italy

Thousands of anti-austerity demonstrators rallied in Naples Thursday as the European Central Bank convened in the Italian city to discuss how to avert looming deflation in the eurozone. "Misery, poverty, unemployment, speculation, free us from the ECB," r
Published 03 Oct, 2014 12:00am
SoftBank pumps $250 million into Legendary Entertainment

SoftBank pumps $250 million into Legendary Entertainment

Japan's SoftBank on Thursday announced it is investing $250 million and forming a joint venture with Hollywood film studio Legendary Entertainment. The joint venture aims to exploit Legendary's films and other intellectual property with smartphone and tab
Published 03 Oct, 2014 12:00am
BoE backs flagship government mortgage guarantee scheme

BoE backs flagship government mortgage guarantee scheme

The Bank of England gave a clean bill of health to Britain's controversial flagship mortgage guarantee scheme on Thursday, sparing the government from potential embarrassment in the run-up to a national election. The central bank also formally asked to ex
Published 03 Oct, 2014 12:00am
BoE backs flagship government mortgage guarantee scheme

BoE backs flagship government mortgage guarantee scheme

The Bank of England gave a clean bill of health to Britain's controversial flagship mortgage guarantee scheme on Thursday, sparing the government from potential embarrassment in the run-up to a national election. The central bank also formally asked to ex
Published 03 Oct, 2014 12:00am
Argentina says no central bank reforms after shake-up

Argentina says no central bank reforms after shake-up

Argentina said Thursday it would make no sweeping changes at its central bank after the director resigned amid an economic slide, sending the Buenos Aires stock market into a dive. Stocks plummeted six percent in opening trade in Buenos Aires, after falli
Published 03 Oct, 2014 12:00am
US jobless claims drop, point to stronger labour market

US jobless claims drop, point to stronger labour market

The number of Americans filing new claims for unemployment benefits unexpectedly fell last week, a sign the labour market may be tightening. Still, other data on Thursday showed weaker factory orders in August even after stripping out volatile transportat
Published 03 Oct, 2014 12:00am
Global income equality now back at 1820s levels

Global income equality now back at 1820s levels

The gap between the haves and the have-nots globally is now at the same level as in the 1820s, the OECD said Thursday, warning it was one of the most "worrying" developments over the past 200 years. In a major report on global well-being over the past two
Published 03 Oct, 2014 12:00am
Stopping global Ebola spread 'world's highest priority': UN

Stopping global Ebola spread 'world's highest priority': UN

The UN launched a mission Thursday to prevent the global spread of Ebola, describing the epidemic as the world's "highest priority" as the US scrambled to limit its own outbreak to one patient. Anthony Banbury, head of the UN Mission on Ebola Emergency Re
Published 03 Oct, 2014 12:00am
13 soldiers killed, dozens wounded in Libya's Benghazi

13 soldiers killed, dozens wounded in Libya's Benghazi

At least 13 Libyan soldiers were killed and more than 70 wounded Thursday in car bombings and clashes with Islamists around the airport in the restive eastern city of Benghazi, military sources said. Two car bombs targeted an army convoy, killing three so
Published 03 Oct, 2014 12:00am
40 jihadists, 17 police and army killed in Iraq clashes

40 jihadists, 17 police and army killed in Iraq clashes

The Islamic State group launched attacks on Iraqi bases in two western towns that left at least 17 members of the security forces and 40 jihadists dead, security and medical sources said Thursday. Seven policemen and four soldiers were killed in an attack
Published 03 Oct, 2014 12:00am
US waives child soldier sanctions on six nations

US waives child soldier sanctions on six nations

Washington is releasing some $26 million to Yemen in military aid and boosting funds to armies in five other nations, waiving sanctions imposed for recruiting child soldiers, a US official said Thursday. President Barack Obama on Tuesday fully waived sanc
Published 03 Oct, 2014 12:00am
15 killed in Bulgaria explosives blast

15 killed in Bulgaria explosives blast

Fifteen people died in a blast at a Bulgarian explosives decommissioning plant, officials confirmed Thursday, as workers complained of low pay and poor safety at the facility, which has seen several incidents in recent years. "Thirteen men and two women p
Published 03 Oct, 2014 12:00am
Hong Kong leader offers talks, rejects calls to stand down

Hong Kong leader offers talks, rejects calls to stand down

Hong Kong's embattled leader defiantly rejected demands to resign and sent his deputy to talk to pro-democracy demonstrators, as huge crowds rallied outside his government's besieged headquarters early Friday for a fifth consecutive night. Huge throngs wh
Published 03 Oct, 2014 12:00am
German train drivers vote for strike action

German train drivers vote for strike action

Germany's train drivers union voted Thursday to take strike action against main railway company Deutsche Bahn in a wage dispute, threatening travel chaos for commuters. More than 90 percent of voting members of the German Train Drivers' Union (GDL) opted
Published 03 Oct, 2014 12:00am
Police shoot dead unarmed man in New York

Police shoot dead unarmed man in New York

An unarmed man was shot dead in the back by New York police after intervening when a knife-wielding assailant threatened a woman and her two children, officials said Thursday. US media identified the victim as 51-year-old Rafael Laureano and quoted a poli
Published 03 Oct, 2014 12:00am
Dubai's Emaar Malls Group jumps on listing

Dubai's Emaar Malls Group jumps on listing

Shares in Dubai's Emaar Malls Group (EMG) rose on their debut on the emirate's main bourse on Thursday, while other stocks came under pressure and most markets in the region fell ahead of the long Eidul-Azha holidays. EMG shares, which were sold at 2.90 d
Published 03 Oct, 2014 12:00am
Dubai's Emaar Malls Group jumps on listing

Dubai's Emaar Malls Group jumps on listing

Shares in Dubai's Emaar Malls Group (EMG) rose on their debut on the emirate's main bourse on Thursday, while other stocks came under pressure and most markets in the region fell ahead of the long Eidul-Azha holidays. EMG shares, which were sold at 2.90 d
Published 03 Oct, 2014 12:00am
South African stocks fall further

South African stocks fall further

South African stocks maintained their downhill march on Thursday and analysts said there was scope for a further decline in the face of a poor domestic economic outlook, technical factors and depressed commodity prices. Among Thursday's decliners, Nedbank
Published 03 Oct, 2014 12:00am
Japanese shares tumble

Japanese shares tumble

Japanese shares tumbled to one-month lows on Thursday as disappointing global manufacturing activity surveys stoked concerns over global growth, while the first confirmed case of Ebola in the United States fed into a risk-averse mood. Japan's Nikkei share
Published 03 Oct, 2014 12:00am
Wall Street stabilises

Wall Street stabilises

US stocks were flat on Thursday as a positive reading on the labour market was not enough to entice buyers even after a sharp decline in the previous session. While momentum in markets have been weak of late - the S&P 500 closed under its 100-day moving a
Published 03 Oct, 2014 12:00am
China, Hong Kong and India closed

China, Hong Kong and India closed

Indian stocks, financial and commodity markets were closed from Thursday to Monday, with trading to resume on Tuesday and markets in Shanghai and Hong Kong are closed on Thursday for public holidays.
Published 03 Oct, 2014 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks fell 0.7 percent on Thursday, tracking overseas markets amid global uncertainties. As of 0145 GMT, the main TAIEX index was down 60.50 points at 8,929.76, after closing up 0.26 percent on Wednesday. Losses were broad-based with the electroni
Published 03 Oct, 2014 12:00am
Treasuries stay lower

Treasuries stay lower

US Treasuries prices fell on Thursday as investors reset bets that yields may increase, a day before Friday's highly anticipated employment report, taking back much of Wednesday's rally that some attributed to short covering. Treasuries posted their best
Published 03 Oct, 2014 12:00am
Treasuries stay lower

Treasuries stay lower

US Treasuries prices fell on Thursday as investors reset bets that yields may increase, a day before Friday's highly anticipated employment report, taking back much of Wednesday's rally that some attributed to short covering. Treasuries posted their best
Published 03 Oct, 2014 12:00am
Sri Lankan stocks at over three-year high

Sri Lankan stocks at over three-year high

Sri Lankan stocks climbed to their highest close in more than three years on Thursday, led by banking and diversified shares as investors had little option other than buying into risky assets because of lower interest rates. The main stock index ended up
Published 03 Oct, 2014 12:00am
Australian shares lower

Australian shares lower

Australian shares lost 0.7 percent on Thursday, tracking Wall Street's drop on growth concerns and the first Ebola diagnosis in the United States, though construction stocks capped losses and travel website Wotif soared. Travel website Wotif.com Holdings
Published 03 Oct, 2014 12:00am
European shares post sharpest one-day drop in 15 months

European shares post sharpest one-day drop in 15 months

European shares fell sharply on Thursday, with Italy's benchmark index recording its biggest one-day percentage drop in 19 months, after the European Central Bank gave fewer details than the market had expected about its plan to buy secured debt. The pan-
Published 03 Oct, 2014 12:00am
Russia's RTS stock market hits six-month low

Russia's RTS stock market hits six-month low

Russia's RTS stock index plunged below 1,100 points on Thursday for the first time since March under pressure from Western sanctions over Ukraine and as top officials sounded alarm over the economy. The RTS dollar-denominated stock market was down 1.4 per
Published 03 Oct, 2014 12:00am
Southeast Asian markets: Indonesia falls most since April

Southeast Asian markets: Indonesia falls most since April

Indonesia's key index posted its biggest one-day percentage drop in nearly six months on Thursday due to concerns about the ability of the incoming government to enforce reforms, while Thai benchmark hit an over two-week closing low after data showed weak
Published 03 Oct, 2014 12:00am
FTSE slumps to lowest close in 2014 as Draghi disappoints

FTSE slumps to lowest close in 2014 as Draghi disappoints

Britain's top equity index slid to its lowest closing level so far this year on Thursday on disappointment with the European Central Bank's latest stimulus measures. The UK's blue-chip FTSE 100 index ended down by 1.7 percent, or 111.13 points, at 6,446.3
Published 03 Oct, 2014 12:00am
Australian, New Zealand dollar clamber off lows

Australian, New Zealand dollar clamber off lows

The Australian dollar clawed its way off eight-month lows on Thursday after an attempt on the downside fizzled out and squeezed bearish bets, giving a fillip to the New Zealand dollar. The Aussie dollar rallied to $0.8798, from $0.8728 in early trade, hel
Published 03 Oct, 2014 12:00am
Yen squeezes higher in Asian trade

Yen squeezes higher in Asian trade

The safe-haven yen held its gains against the dollar on Thursday after weak manufacturing surveys from around the globe triggered a run on risk. The euro, meanwhile, staged a modest rebound ahead of a policy review by the European Central Bank as investor
Published 03 Oct, 2014 12:00am
Euro steadies in London

Euro steadies in London

The euro retained its small gains against the dollar on Thursday but remained near a two-year low after the European Central Bank kept interest rates unchanged at historic lows as expected. Investors are now awaiting a news conference at 1230 GMT at which
Published 03 Oct, 2014 12:00am
Euro rebounds in New York

Euro rebounds in New York

The euro gained against the dollar on Thursday for the first time in eight days, after European Central Bank President Mario Draghi gave no indication of an imminent stimulus program through the purchase of sovereign bonds. "The euro rose not because of w
Published 03 Oct, 2014 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 Thursday. 77.40-77.40 (previous 77.40-77.40). Call Money Rates: 06.00-09.50 percent (* Previous 06.00-09.25 percent). (* revised).
Published 03 Oct, 2014 12:00am
Egyptian pound steady

Egyptian pound steady

Egypt's pound held steady at a central bank dollar sale on Thursday, with the bank saying it sold $39 million at a cut-off price of 7.1401 pounds per dollar, unchanged from Wednesday's rate. In the unofficial market, the pound was slightly stronger, tradi
Published 03 Oct, 2014 12:00am
Ringgit leads broad gains among Asian currencies

Ringgit leads broad gains among Asian currencies

Asian currencies rose on Thursday after a disappointing reading on US factory activity helped spur a drop in US bond yields and blunted the dollar's strength. Leading the gains were the Malaysian ringgit, which pulled up from a six-month low that had been
Published 03 Oct, 2014 12:00am
Sri Lankan rupee firmer

Sri Lankan rupee firmer

The Sri Lanka rupee firmed up on Thursday due to late selling by exporters and banks, dealers said, while bond yields rose on increased bond sales a day after the central bank rejected all bids at a t-bill auction. The spot currency ended at 130.30/50 per
Published 03 Oct, 2014 12:00am
Sterling slips against euro

Sterling slips against euro

The euro rose to a one-week high against the British pound on Thursday after European Central Bank chief Mario Draghi gave no indication the bank is planning an imminent stimulus programme involving buying of government bonds. Traders said along with the
Published 03 Oct, 2014 12:00am
Maradona as Palestinian football coach 'nonsense'

Maradona as Palestinian football coach 'nonsense'

Rumours that illustrious Argentinian football star Diego Maradona was in the running to be the new coach of the Palestine national team are "nonsense", a Palestinian official said Thursday. Reports had circulated online, including on news websites, that 5
Published 03 Oct, 2014 12:00am
Filipino boxing boss slams 'hometown' wins

Filipino boxing boss slams 'hometown' wins

Philippines boxing boss Ricky Vargas slammed "hometown decisions" on Thursday as the Asian Games judging came under fresh attack a day after an Indian fighter refused her medal. Vargas questioned a unanimous points decision that went against light flyweig
Published 03 Oct, 2014 12:00am
South Korea beat North Korea for football gold

South Korea beat North Korea for football gold

Hosts South Korea overcame North Korea 1-0 with virtually the last kick of extra time to win a cliff-hanging Asian Games men's football final on Thursday. Defender Rim Chang-Woo smashed home a last-gasp winner from close range to deliver the knockout blow
Published 03 Oct, 2014 12:00am
Visa launches innovative token service

Visa launches innovative token service

Visa Inc., the global leader in payments announced the launch of Visa Token Service - an innovative technology that provides a secure environment to help drive innovation in online and mobile commerce. Visa Token Service replaces sensitive payment account
Published 03 Oct, 2014 12:00am
US CG attends 'Harmony for Humanity' concert to commemorate Daniel Pearl

US CG attends 'Harmony for Humanity' concert to commemorate Daniel Pearl

US Consul General Brian Heath attended the 'Harmony for Humanity' student concert to commemorate Daniel Pearl World Music Days at the Pakistan American Cultural Centre (PACC). RafiqTabani, President of the PACC, and Sidra Niaz, CEO of Evolution, also part
Published 03 Oct, 2014 12:00am
Three women shot dead in Khairpur

Three women shot dead in Khairpur

Three women were killed when armed men attacked a house on late Wednesday night. According to police, the armed men barged into a house in Goth Mehran Narijo area of Khairpur district and opened indiscriminate fire, killing three women including a mother
Published 03 Oct, 2014 12:00am
SECMC, TCF sign MoU for setting up schools

SECMC, TCF sign MoU for setting up schools

Sindh Engro Coal Mining Company (SECMC) signed a memorandum of understanding (MoU) with The Citizens Foundation (TCF) for the establishment of six primary and three secondary unit TCF schools in Thar. The schools will be located in SECMC's Thar Block II a
Published 03 Oct, 2014 12:00am
Falling world oil prices, stable PKR to keep inflation low

Falling world oil prices, stable PKR to keep inflation low

Low pace in inflation is likely to continue on the back of falling international oil prices and stable PKR against USD. According to a research report of InvestCap, the recently released CPI figure for Sep-14 settled well above the proximity to market con
Published 03 Oct, 2014 12:00am
Rich tribute paid to Quaid-e-Millat Liaquat Ali Khan

Rich tribute paid to Quaid-e-Millat Liaquat Ali Khan

Speakers at a seminar here on Thursday paid tribute to the great national hero Nawabzada Liaquat Ali Khan, the first prime minister of Pakistan. The seminar was held by Sir Syed University of Engineering and Technology (SSUET) to mark the Quaid-e-Millat D
Published 03 Oct, 2014 12:00am
PHMA demands refund payment

PHMA demands refund payment

Huge amount of liquidity of the exporters of the value-added textile sector is still blocked with the FBR causing immense problems to the cash-starved and struggling exporters, stated Babar Khan, Chairman, Pakistan Hosiery Manufacturers & Exporters Associ
Published 03 Oct, 2014 12:00am
Online sale of sacrificial animals fails to attract buyers

Online sale of sacrificial animals fails to attract buyers

The online sale of sacrificial animals has not attracted people as majority of faithful still prefer to visit cattle markets for buying animals of their choice. Several billboards have appeared in the city offering online sale of sacrificial animals, indi
Published 03 Oct, 2014 12:00am
Senate, National Assembly sessions summoned on 17th, 20th

Senate, National Assembly sessions summoned on 17th, 20th

President Mamnoon Hussain has summoned next session of the National Assembly on October 20, at 4:00 pm in the Parliament House. The President has also summoned next session of the Senate on October 17, at 10:30 am in the Parliament Building, Islamabad.
Published 03 Oct, 2014 12:00am
PRGMEA elects office-bearers

PRGMEA elects office-bearers

Jawed Suleman was elected unopposed as Chairman (South Zone)/Senior Vice Chairman of Pakistan Readymade Garments Manufacturer and Exporters Association (PRGMEA) Sindh Balochistan Zone for 2014-2015 at the 21st Annual General Meeting held on Tuesday. Addre
Published 03 Oct, 2014 12:00am
Medal standings

Medal standings

Asian Games medal standings after Friday's competition (gold, silver, bronze, total):

Published 03 Oct, 2014 12:00am
Chinese relay team break Asian record

Chinese relay team break Asian record

China's men's 4x100m relay team broke the Asian record as they raced to victory at the Asian Games Thursday, while Bahrain's African imports secured a hat trick of long distance golds. Chen Shiwei, Xie Zhenye, Su Bingtian and Zhang Peimeng crossed the lin
Published 03 Oct, 2014 12:00am
India wrest hockey gold from Pakistan

India wrest hockey gold from Pakistan

India beat Pakistan in a penalty shoot-out on Thursday to win back the Asian Games hockey title after 16 years and earn direct entry to the 2016 Olympics in Rio de Janeiro. The arch-rivals played out a 1-1 draw in regulation time before Indian goalkeeper
Published 03 Oct, 2014 12:00am
Yorkshire duo complete awards double

Yorkshire duo complete awards double

Yorkshire's County Championship-winning openers Adam Lyth and Alex Lees were named player of the year and young player of the year respectively by England's Professional Cricketers Association on Wednesday. Both awards, handed out at a presentation ceremo
Published 03 Oct, 2014 12:00am
Cairns bailed on perjury charge

Cairns bailed on perjury charge

New Zealand cricket great Chris Cairns appeared in a London court on Thursday to face a charge of perjury relating to a libel action he brought in England in 2012. Cairns won £90,000 ($146,000) after he sued former Indian Premier League chairman Lalit Mod
Published 03 Oct, 2014 12:00am
Hafeez unfazed after action reported

Hafeez unfazed after action reported

Pakistan's spinning all-rounder Mohammad Hafeez on Thursday said he was surprised but not concerned after his bowling was reported in an Indian domestic tournament, adding he had no plans to modify his action. The 33-year-old is key to Pakistan's attack i
Published 03 Oct, 2014 12:00am
Welbeck takes scoring honours, Madrid duo win

Welbeck takes scoring honours, Madrid duo win

Danny Welbeck answered former coach Louis van Gaal's criticism in style on Wednesday, scoring a hat-trick in Arsenal's 4-1 romp over Galatasaray in their Champions League group match while both Madrid clubs also recorded wins. Welbeck, let go by van Gaal
Published 03 Oct, 2014 12:00am
Nadal, Serena make quarters, Halep withdraws

Nadal, Serena make quarters, Halep withdraws

Rafael Nadal and Serena Williams powered into the quarter-finals of the China Open Thursday, while world number two Simona Halep made the last eight, and then withdrew from the tournament through injury. Williams, the top seed in Beijing, made it through
Published 03 Oct, 2014 12:00am
Pakistan will miss Ajmal against Australia: Afridi

Pakistan will miss Ajmal against Australia: Afridi

Pakistan's Twenty20 captain Shahid Afridi admitted his team will miss suspended ace spinner Saeed Ajmal when they meet Australia in Dubai on Sunday. The 36-year-old off-spinner is serving suspension on illegal bowling action and will not be available to p
Published 03 Oct, 2014 12:00am
Cape Town Nobel summit scrapped over Dalai Lama visa row

Cape Town Nobel summit scrapped over Dalai Lama visa row

Cape Town's mayor on Thursday "suspended" a planned summit of Nobel peace laureates, blaming the South African government's "intransigence" in refusing to grant a visa to the Dalai Lama. South Africa has refused three times to grant the exiled Tibetan spi
Published 03 Oct, 2014 12:00am
'I will be acquitted,' Karadzic tells war crimes court

'I will be acquitted,' Karadzic tells war crimes court

Radovan Karadzic did not know of the 1995 massacre of thousands of Muslims at Srebrenica, his lawyer said Thursday, with the former Bosnian Serb leader defiantly telling the UN tribunal he would be acquitted. "There is not a single piece of evidence that
Published 03 Oct, 2014 12:00am
J.P Morgan computers hit by hackers again

J.P Morgan computers hit by hackers again

J.P. Morgan Chase's computer network has been hit by hackers for the second time in three months, the New York Times reported Thursday. J.P. Morgan, the nation's largest bank by assets, found that hackers from Italy or another part of southern Europe acce
Published 03 Oct, 2014 12:00am
Doubts cast over British Prime Minister's £7.2 billion tax cut promise

Doubts cast over British Prime Minister's £7.2 billion tax cut promise

Financial experts cast doubts on Thursday about a promise by British Prime Minister David Cameron to make massive tax cuts, saying the proposals would take time and might not help taxpayers so much. Cameron closed the final conference of his Conservative
Published 03 Oct, 2014 12:00am
Alcoa opens world's biggest aluminium-lithium plant

Alcoa opens world's biggest aluminium-lithium plant

US aluminum giant Alcoa, betting on strong growth in aircraft demand, on Thursday opened the world's largest plant producing aluminum-lithium alloys for the aerospace industry Based in Lafayette, Indiana, the plant will produce advanced aluminum-lithium a
Published 03 Oct, 2014 12:00am
Top court overturns law tightening Turkey's Internet controls

Top court overturns law tightening Turkey's Internet controls

Turkey's top court on Thursday overturned parts of a law that granted the country's telecoms authority more powers to monitor online users and block websites. The law, approved by Turkish President Recep Tayyip Erdogan in September, had allowed telecoms a
Published 03 Oct, 2014 12:00am
Palestinian government calls for $4 billion for Gaza reconstruction

Palestinian government calls for $4 billion for Gaza reconstruction

The Palestinian government on Thursday in a reconstruction plan for Gaza ahead of an October 12 donor conference called for $4 billion to rebuild the war-battered territory. Gaza's infrastructure was devastated during a 50-day Israeli military operation w
Published 03 Oct, 2014 12:00am
UN threatens sanctions after Libya talks

UN threatens sanctions after Libya talks

The UN Security Council on Thursday threatened sanctions against those who reject peace in Libya in a bid to shore up UN-brokered talks on ending the violence. UN special envoy Bernardino Leon held a first round of talks with rival politicians on Septembe
Published 03 Oct, 2014 12:00am
US partially lifts 40-year ban on Vietnam arms sales

US partially lifts 40-year ban on Vietnam arms sales

The United States is to partially lift a four-decade-old arms embargo against its former foe Vietnam, the State Department said Thursday, after Secretary of State John Kerry met his counterpart Pham Binh Min. "The secretary informed deputy prime minister
Published 03 Oct, 2014 12:00am
Italy nabs 16 traffickers in Mediterranean thanks to submarine

Italy nabs 16 traffickers in Mediterranean thanks to submarine

Italy's navy said Thursday it had arrested 16 suspected people smugglers in the Mediterranean thanks to surveillance by a submarine during an operation which saved 300 immigrants. After a "complex surveillance operation" the navy seized a fishing boat whi
Published 03 Oct, 2014 12:00am
Swiss aid worker killed in shelling of Ukraine rebel hub

Swiss aid worker killed in shelling of Ukraine rebel hub

A Swiss Red Cross worker died Thursday when shells burst through the heart of Ukraine's main pro-Russian stronghold for the first time since the foes struck a September 5 truce aimed at ending Europe's worst crisis in decades. Parts of the eastern coal mi
Published 03 Oct, 2014 12:00am
Venezuelan lawmaker murdered in Caracas

Venezuelan lawmaker murdered in Caracas

A lawmaker allied with Venezuela's socialist government and his female companion were found murdered in Caracas, a crime roundly condemned Thursday by President Nicolas Maduro. The bodies of Robert Serra, 27, and his partner Maria Herrera, were found at h
Published 03 Oct, 2014 12:00am
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