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Dec 05, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-11-22
Hong Kong, China shares climb

Hong Kong, China shares climb

Hong Kong stocks ended 0.37 percent higher Friday, snapping a four-day losing streak, following a record close on Wall Street, although a much-vaunted trading link-up with Shanghai's exchange suffered a disappointing first week. The Hang Seng Index added
Published 22 Nov, 2014 12:00am
European shares surge

European shares surge

European stocks rallied on Friday, with a benchmark index hitting a two-month high, propelled by dovish comments from European Central Bank President Mario Draghi and a surprise interest rate cut in China. Mining shares, highly sensitive to economic growt
Published 22 Nov, 2014 12:00am
Australian shares at five-week low

Australian shares at five-week low

Australian shares edged down to a five-week low on Thursday as underlying worries about a slump in iron ore prices and the demand outlook eclipsed encouraging US economic data. After opening slightly higher, the S&P/ASX 200 index quickly lost ground and c
Published 22 Nov, 2014 12:00am
South East Asian stocks mostly up

South East Asian stocks mostly up

Most Southeast Asian stock markets rose on Friday after upbeat US data on jobs, factory activity and home sales buoyed sentiment, while Vietnamese shares fell after the central bank issued a cap on bank loans for stock investment. Vietnam witnessed a wide
Published 22 Nov, 2014 12:00am
FTSE marks fifth week of gains on China rate cut

FTSE marks fifth week of gains on China rate cut

Britain's top share index rose on Friday, marking a fifth straight week of gains, after a surprise interest rate cut in China boosted mining and commodities stocks. Shares of London-listed miners Anglo American, Rio Tinto and BHP Billiton were up between
Published 22 Nov, 2014 12:00am
Rouble strengthens

Rouble strengthens

The rouble strengthened sharply in thin trade on Friday, heading for weekly gains of over 3 percent against the dollar, as oil prices recovered and exporters sold small amounts of foreign currency to meet their tax payments. At 1200 GMT, the rouble was ar
Published 22 Nov, 2014 12:00am
Yen jumps in Asia

Yen jumps in Asia

The yen rose sharply on Friday after Japanese Finance Minister Taro Aso said the currency's fall over the past week was too rapid, in one of the strongest warnings against a weak yen since Japan started its aggressive monetary stimulus two years ago. The
Published 22 Nov, 2014 12:00am
Euro falls sharply, Aussie up in London

Euro falls sharply, Aussie up in London

The euro fell sharply on Friday after European Central Bank chief Mario Draghi said inflation expectations were declining to levels that were very low, keeping the door open for further monetary easing soon. The euro fell 0.8 percent to $1.2435 and tumble
Published 22 Nov, 2014 12:00am
Early trade in New York: Euro plummets as Draghi raises stimulus hopes

Early trade in New York: Euro plummets as Draghi raises stimulus hopes

The euro fell sharply on Friday after European Central Bank chief Mario Draghi said inflation expectations were declining to levels that were very low, keeping the door open for further monetary easing soon. The euro fell 1 percent to $1.2413 against doll
Published 22 Nov, 2014 12:00am
Dollar rally pauses against yen in New York

Dollar rally pauses against yen in New York

The US dollar dipped from a seven-year high against the yen on Thursday as stocks gained, pausing a rally that has sent the greenback up by almost 10 percent in three weeks, though many see the US currency on track for further gains. The yen has weakened
Published 22 Nov, 2014 12:00am
Yen rebound supports Asia FX

Yen rebound supports Asia FX

Emerging Asian currencies rose on Friday as the yen rebounded after Japanese Finance Minister Taro Aso warned against the currency's recent swift fall, although most regional units were set for another week of losses. The yen gained as Aso earlier describ
Published 22 Nov, 2014 12:00am
Australian and New Zealand dollar bounce

Australian and New Zealand dollar bounce

The Australian and New Zealand dollars bounced off lows on Friday as commodity prices showed tentative signs of stabilisation, but the currencies were still on track to end the week lower. The Australian dollar was on a firmer footing at $0.8641, from a l
Published 22 Nov, 2014 12:00am
Indian rupee gains

Indian rupee gains

The Indian rupee gained on Friday, recovering from its nine-month low hit in the previous session as sentiment improved after China cut interest rates and as domestic shares soared to record highs ahead of the start of the winter session of parliament. St
Published 22 Nov, 2014 12:00am
Sterling hits one-week high versus euro

Sterling hits one-week high versus euro

Sterling hit a one-week high against the euro on Friday after European Central Bank chief Mario Draghi said "excessively low" inflation had to be raised fast by whatever means necessary, prompting bets on further stimulus in the euro zone. Draghi said the
Published 22 Nov, 2014 12:00am
Cotton futures ease in choppy trade as big harvests weigh

Cotton futures ease in choppy trade as big harvests weigh

Cotton futures eased on Thursday in choppy trade under harvest pressure, even though US government data showed a bump in export sales booked last week. The most-active March cotton contract on ICE Futures US sank as low as 58.74 cents a lb before closing
Published 22 Nov, 2014 12:00am
Shanghai copper up

Shanghai copper up

The most-traded January copper contract on the Shanghai Futures Exchange rose slightly to 47,580 yuan ($7,769) a tonne on Friday. However, underlying demand was weak as indicated by a $5 drop in bonded premiums to $60-$70 a tonne. China's mills have been
Published 22 Nov, 2014 12:00am
Most base metals surge after China cuts rates

Most base metals surge after China cuts rates

Most base metals surged on Friday to multi-week highs after China cut benchmark interest rates in a bid to jumpstart its economy, while expectations of raw material scarcity lifted nickel to a five-week high. China, the world's largest metals consumer, cu
Published 22 Nov, 2014 12:00am
Rubber lower

Rubber lower

Benchmark Tokyo rubber futures erased gains earlier in the day to end down 2.1 percent on Friday, reflecting the yen's sharp rise against the dollar and weak Shanghai futures. The Tokyo Commodity Exchange rubber contract for April delivery finished 4.4 ye
Published 22 Nov, 2014 12:00am
ICO sees global coffee demand growing until 2020

ICO sees global coffee demand growing until 2020

Global coffee demand is likely to climb 2.5 percent a year until the end of the decade, driven by strong growth in appetite in markets such as China and Russia, the head of a global industry body said on Wednesday. The International Coffee Organisation's
Published 22 Nov, 2014 12:00am
Palm oil rises

Palm oil rises

Malaysian palm oil futures rose on Friday following two days of declines to notch up a weekly gain as the rainy season was expected to curb yields, although sluggish export demand capped gains. "For November we are seeing a drop between 8 and 10 percent i
Published 22 Nov, 2014 12:00am
Corn and soya rebound from two-week lows

Corn and soya rebound from two-week lows

US corn and soyabean futures jumped as much as 2 percent on Thursday, rebounding from two-week lows reached in the previous session, in a rally tied to technical buying and renewed export demand for the crops. Chicago Board of Trade corn rose for the firs
Published 22 Nov, 2014 12:00am
ICE sugar slips, arabicas steady

ICE sugar slips, arabicas steady

Raw sugar on ICE slipped on producer selling on Friday, while arabicas steadied after a steep slide in the previous session after an upward revision in Brazilian coffee output by a US government attache. Cocoa futures on ICE dipped, under pressure from am
Published 22 Nov, 2014 12:00am
Gold rises in New York

Gold rises in New York

Gold rose on Thursday on data showing rising US inflation, and after the previous day's 1-percent drop triggered renewed physical interest by price-sensitive Asian buyers. Bullion investors focused on US Labour Department data which showed underlying infl
Published 22 Nov, 2014 12:00am
Gold up in Asia

Gold up in Asia

Gold was on track for its third straight weekly gain on Friday, buoyed by short-covering and a pause in the dollar rally, while traders also eyed central bank activity for cues. The metal traded between $1,175 an ounce and $1,205 this week, largely steady
Published 22 Nov, 2014 12:00am
Gold climbs above $1,200 in Europe

Gold climbs above $1,200 in Europe

Gold climbed above $1,200 an ounce on Friday to hit its highest in three weeks after a surprise rate cut by China fuelled expectations demand could rise in the world's biggest consumer of the metal. China cut its benchmark interest rates for the first tim
Published 22 Nov, 2014 12:00am
US MIDDAY: corn and soya rally

US MIDDAY: corn and soya rally

US corn and soyabeans edged higher on Friday, expanding gains from the previous session as investors covered short positions and domestic end users hiked bids in efforts to entice sales by farmers. Futures for each commodity traded in both positive and ne
Published 22 Nov, 2014 12:00am
US MIDDAY: gold hits three-week high

US MIDDAY: gold hits three-week high

Gold climbed above $1,200 an ounce early on Friday to its highest in three weeks, helped by short-covering and after a surprise interest rate cut by China fuelled hopes that demand would rise in the world's biggest consumer of the metal. Also underpinning
Published 22 Nov, 2014 12:00am
Crisis-hit Italian football set for reforms in 2016

Crisis-hit Italian football set for reforms in 2016

Serie A chiefs have welcomed a new package of reforms by the Italian football federation (FIGC) that will see squads limited to 25 players in a move designed to boost the flagging Italian game. The crisis-hit Italian top flight has become a target for top
Published 22 Nov, 2014 12:00am
French athlete Traby fails drug test

French athlete Traby fails drug test

French long distance runner Laila Traby, who won the women's 10,000m bronze at the European championships, has tested positive for banned blood booster EPO, a source told AFP on Friday. The Moroccan-born 35-year-old was arrested and placed in custody on N
Published 22 Nov, 2014 12:00am
Smith stars as Australia down South Africa to take series

Smith stars as Australia down South Africa to take series

Steve Smith hit a thrilling century to propel Australia to a three-wicket victory over South Africa to clinch the five-game one-day international series in Melbourne on Friday. Man-of-the-match Smith cracked 104 off 112 balls as Australia stormed home to
Published 22 Nov, 2014 12:00am
India win South Asian women's football championship

India win South Asian women's football championship

India clinched their third South Asian women's football championship on Friday, thrashing Nepal 6-0 in a one-sided final in Islamabad. Ngangom Bala Devi was the star of the show, bagging four goals and running the Nepalese defence ragged. The win cements
Published 22 Nov, 2014 12:00am
Jamal, Usman take lead in Governors Cup Golf

Jamal, Usman take lead in Governors Cup Golf

The 31st Governors Cup Golf Championship endorsed by Millat Tractors for the 21st year in succession commenced at the historic Lahore Gymkhana Golf Course on Friday. The ceremonial inaugural shot was hit by Ahsan Imran of Millat Tractors and from thereon
Published 22 Nov, 2014 12:00am
Israel lifts ban on Arab-Jewish clash

Israel lifts ban on Arab-Jewish clash

Israeli police said Friday they had overturned a ban on a football match between the premier league's only Arab club and predominantly Jewish Beitar Jerusalem despite a wave of unrest. Sunday evening's game between Bnei Sakhnin and Beitar had been banned
Published 22 Nov, 2014 12:00am
Pakistan salvage draw after Taylor's ton

Pakistan salvage draw after Taylor's ton

Pakistan salvaged a draw in the second Test against New Zealand in Dubai on Friday after being set a challenging target of 261 off 72 overs on the back of a brilliant hundred by Ross Taylor. The early loss of four Pakistani wickets meant all results were
Published 22 Nov, 2014 12:00am
Monfils hammers Federer

Monfils hammers Federer

Gael Monfils stunned Roger Federer in straight sets to put France and Switzerland level 1-1 after the first day of the Davis Cup final in Lille on Friday. The flamboyant Frenchman clobbered a below-far Federer 6-1, 6-4, 6-3 in just 1 hour 46 minutes. Earl
Published 22 Nov, 2014 12:00am
Wawrinka gives Switzerland 1-0 lead in Davis Cup final

Wawrinka gives Switzerland 1-0 lead in Davis Cup final

Stan Wawrinka gave Switzerland the perfect start to the Davis Cup against France on Friday by defeating French number one Jo-Wilfried Tsonga 6-1, 3-6, 6-3, 6-2. With Roger Federer to follow against Gael Monfils in the second singles clash, the Swiss, who
Published 22 Nov, 2014 12:00am
Shakib leads Bangladesh to crushing win

Shakib leads Bangladesh to crushing win

Shakib Al Hasan starred with bat and ball to lead Bangladesh to a crushing 87-run victory in their first one-day international against Zimbabwe in Chittagong on Friday. Shakib scored 101 off 99 balls to lead the team to 281-7 and then grabbed 4-41 as the
Published 22 Nov, 2014 12:00am
Eight killed, two wounded in Romania military helicopter crash

Eight killed, two wounded in Romania military helicopter crash

A Romanian military helicopter flying to take part in a joint exercise with US forces crashed on Friday, killing eight servicemen on board and injuring two, the defence ministry said. The Romanian-built IAR-330 Puma helicopter came down near the central t
Published 22 Nov, 2014 12:00am
Tunisian wins Muslim beauty pageant, calls for free Palestine

Tunisian wins Muslim beauty pageant, calls for free Palestine

A Tunisian woman called for a free Palestine as she won a pageant exclusively for Muslims in Indonesia Friday, seen as a riposte to Western beauty contests. Eighteen finalists, who include a doctor and a computer scientist, paraded in glittering dresses a
Published 22 Nov, 2014 12:00am
All victims identified in Air Algeria crash

All victims identified in Air Algeria crash

The identification of victims from a mysterious Air Algeria crash in Mali in July has been completed, allowing the remains to be returned to their families, the French foreign ministry said Friday. "This identification allows the return to their families
Published 22 Nov, 2014 12:00am
Libyan journalist sentenced to five years jail

Libyan journalist sentenced to five years jail

A Tripoli court has sentenced a Libyan journalist to five years in jail and slapped him with a hefty fine for defamation and insulting the judiciary, his lawyer said Friday. Amara Abdallah al-Khitabi, 68, editor-in-chief of the private Al-Umma newspaper,
Published 22 Nov, 2014 12:00am
Eleven die in Zimbabwe church stampede

Eleven die in Zimbabwe church stampede

At least 11 people died and many were injured in a stampede at a stadium in Zimbabwe as thousands attending a church service tried to leave through the only open exit, police said Friday. Police said around 15,000 people were packed into the stadium in Kw
Published 22 Nov, 2014 12:00am
British anti-EU party takes second seat

British anti-EU party takes second seat

Britain's UK Independence Party (UKIP) celebrated winning its second parliament seat in a blow for the government that further fragments the political landscape ahead of next year's general election. Mark Reckless was re-elected in Rochester and Strood in
Published 22 Nov, 2014 12:00am
Japan lower house dissolved ahead of December election

Japan lower house dissolved ahead of December election

Japan's lower parliamentary chamber was dissolved Friday in readiness for a mid-December general election, as Prime Minister Shinzo Abe moves to consolidate his grip on power and reinvigorate a faltering economic growth drive. Following the dissolution, t
Published 22 Nov, 2014 12:00am
Obama to visit India in January: White House

Obama to visit India in January: White House

US President Barack Obama will travel to India in January for its Republic Day celebrations, and talks with Prime Minister Narendra Modi, the White House said Friday. His trip follows up on Modi's debut visit to Washington as India's leader in September.
Published 22 Nov, 2014 12:00am
Frenzied diplomacy in Iran talks endgame

Frenzied diplomacy in Iran talks endgame

US Secretary of State John Kerry and other foreign ministers engaged Friday in a frenzied day of Iran nuclear talks in Vienna three days before a deadline to strike a mammoth agreement. Confusion reigned over Iranian Foreign Minister Mohammad Javad Zarif'
Published 22 Nov, 2014 12:00am
Germany sends motorbikes to speed Ebola testing

Germany sends motorbikes to speed Ebola testing

Germany has sent 400 motorbikes to the areas of west Africa worst hit by the Ebola epidemic to speed up testing for the virus. The specially adapted fleet of bikes will be able to rush test samples to laboratories from remote areas, where patients can oft
Published 22 Nov, 2014 12:00am
Jihadists launch major attack on Iraq's Ramadi

Jihadists launch major attack on Iraq's Ramadi

The Islamic State group launched a major attack on the Iraqi city of Ramadi Friday, attempting to seize one of the last urban pockets under government control in troubled Anbar province. Parts of Ramadi, the provincial capital, and all of Fallujah to its
Published 22 Nov, 2014 12:00am
Xi targets strategic ties in Pacific

Xi targets strategic ties in Pacific

Chinese President Xi Jinping arrived in Fiji Friday on a whirlwind visit aimed at strengthening economic and strategic ties with Pacific island nations. Xi's visit comes after Indian Prime Minister Narendra Modi, head of the world's largest democracy, sto
Published 22 Nov, 2014 12:00am
French minister resigns over favouritism probe in fresh blow to Hollande

French minister resigns over favouritism probe in fresh blow to Hollande

A junior French minister resigned on Friday as a scandal implicating him in the awarding of lucrative public contracts to members of his family hit President Francois Hollande's Socialist government with another bruising. Kader Arif, a junior minister for
Published 22 Nov, 2014 12:00am
Japan firm gets control of de facto North Korean embassy: reports

Japan firm gets control of de facto North Korean embassy: reports

A Japanese real estate company on Friday took over ownership of a Tokyo property that has served as North Korea's de facto embassy for decades, after a forced auction to repay outstanding debts, reports said. The sprawling downtown site - a 2,390-square-m
Published 22 Nov, 2014 12:00am
China building possible airfield in South China Sea: US

China building possible airfield in South China Sea: US

China is building a massive island in the South China Sea that could host an airfield in an area where Beijing is locked in bitter territorial disputes with neighbouring states, a US military spokesman said Friday. The vast land reclamation project on the
Published 22 Nov, 2014 12:00am
Oil up first time in 8 weeks on China rate cut

Oil up first time in 8 weeks on China rate cut

Oil prices rose on Friday for their first weekly gain in two months with benchmark Brent crude returning to above $80 a barrel after a rally triggered by China's interest rate cut and speculation of an Opec output cut. Brent rose $1.03 to settle at $80.36
Published 22 Nov, 2014 12:00am
e2e SCM launches office in Singapore

e2e SCM launches office in Singapore

Pakistan's premier supply chain and logistics provider, e2e SCM, has successfully launched an office in Singapore. Veteran of shipping and logistics Alan Lim will head the office. "This office will serve our prevailing Singapore client base plus new clien
Published 22 Nov, 2014 12:00am
EPZ, FIEDMS to cooperate in setting up of EPZ in Faisalabad

EPZ, FIEDMS to cooperate in setting up of EPZ in Faisalabad

Chairman Export Processing Zones Authority, Aftab Anwar Baloch in a meeting with Khawaja Asim Kurhshid, Chairman and Aamir Saleemi, COO of the FIEDMC have agreed to cooperate with each other for early setting up of EPZ in the Industrial Estate organized b
Published 22 Nov, 2014 12:00am
Tusdec concludes ToT programme in eight trades

Tusdec concludes ToT programme in eight trades

Technology Upgradation and Skill Development Company (Tusdec)) has successfully concluded the Training of Trainers (TOT) programme in eight trades with trainers from the district of Swat, Lower Dir, Upper Dir, Jacobabad, Kashmore, Shikarpur and Muzaffarab
Published 22 Nov, 2014 12:00am
Potable water: foreign company shows interest in setting up project

Potable water: foreign company shows interest in setting up project

President of a prominent Turkishg company ENTA, Uzi Sezer, called on Punjab Chief Minister Muhammad Shahbaz Sharif here on Friday and expressed interest in setting up project of potable water in Punjab. The CM said that Punjab government has made comprehe
Published 22 Nov, 2014 12:00am
Punjab providing facilities to foreign investors: minister

Punjab providing facilities to foreign investors: minister

Punjab Minister for Finance, Excise & Taxation Mujtaba Shuja-ur-Rehman has said that Punjab Government is providing all out facilities to the foreign investors and the foreign investors are investing in the Punjab. He said with the opening of honorary con
Published 22 Nov, 2014 12:00am
FWBL to celebrate '25 years of empowering women'

FWBL to celebrate '25 years of empowering women'

First Women Bank Ltd is a unique financial institution and commercial bank of its kind in the world that will complete 25 years of its operation on December 2, 2014. In 1989 FWBL was incorporated as a Scheduled Commercial Bank under the Companies Ordinanc
Published 22 Nov, 2014 12:00am
UNICEF launches 'Imagine' movement for children

UNICEF launches 'Imagine' movement for children

During a musical event at the United Nations General Assembly, UNICEF unveiled the IMAGINE project as part of celebrations for the 25th anniversary of the Convention on the Rights of the Child.
Published 22 Nov, 2014 12:00am
PLDDB to apply imported artificial semen to over 0.1 million cows

PLDDB to apply imported artificial semen to over 0.1 million cows

Punjab Livestock and Dairy Development Board (PLDDB) has planned to apply imported artificial semen to more than 0.1 million cows in 16 districts of Punjab including, Kasur, Narowal, Mazafarghar, DG Khan, Layah, Bhakar, Mianwali, Mandi Bahaudin, Pakpatan,
Published 22 Nov, 2014 12:00am
Modern education: government aware of challenges ahead: PML-N leader

Modern education: government aware of challenges ahead: PML-N leader

PML-N leader Shaista Pervaiz Malik MNA has said the government has taken all possible steps for keeping new generation abreast with modern educational demands. She said the projects started by Chief Minister Punjab Shahbaz Sharif like laptop programme, en
Published 22 Nov, 2014 12:00am
Al Baraka earns over $207 million in first nine months of 2014

Al Baraka earns over $207 million in first nine months of 2014

Al Baraka Banking Group (ABG) crossed a net income of $207 million in the first nine months of 2014, as compared to the corresponding period 2013. Similarly, statement of financial positions witnessed good increases. Total assets touched $22.5 billion and
Published 22 Nov, 2014 12:00am
Al Baraka earns over $207 million in first nine months of 2014

Al Baraka earns over $207 million in first nine months of 2014

Al Baraka Banking Group (ABG) crossed a net income of $207 million in the first nine months of 2014, as compared to the corresponding period 2013. Similarly, statement of financial positions witnessed good increases. Total assets touched $22.5 billion and
Published 22 Nov, 2014 12:00am
Al Mustafa Welfare Society team meets Punjab governor

Al Mustafa Welfare Society team meets Punjab governor

Punjab Governor Chaudhry Muhammad Sarwar has said that the service of ailing humanity is noble job and it is duty of the social welfare organisations to ensure provisions of basic amenities of life to the deserving and neglected people of the society.
Published 22 Nov, 2014 12:00am
Three Lyari gangsters killed in alleged encounters

Three Lyari gangsters killed in alleged encounters

Law Enforcement Agencies (LEAs) on Friday claimed to have killed three Lyari gangsters in two separate encounters. According to police sources, two Lyari gangsters Faiz Muhammad alias Lala Orangi and Nadeem alias Japani were killed in a joint raid by poli
Published 22 Nov, 2014 12:00am
Pakistan has great potential in IT: Dr Mike Best

Pakistan has great potential in IT: Dr Mike Best

Human-Centred Digital Design (HCD) Workshop concluded at Information Technology University (ITU) here on Friday. The resource person of the workshop was Dr Mike L Best from Georgia Institute of Technology (USA), who is also a faculty associate of the Berk
Published 22 Nov, 2014 12:00am
Smeda agrees to help upgrade fan manufacturing industry

Smeda agrees to help upgrade fan manufacturing industry

The Small and Medium Enterprises Development Authority (Smeda) would help to upgrade the electric fan manufacturing industry to enhance competitiveness with the regional counterparts. It was agreed by Smeda in a meeting with Pakistan Electric Fan Manufact
Published 22 Nov, 2014 12:00am
WWF-P, Nestle sign MoU on sustainable water use

WWF-P, Nestle sign MoU on sustainable water use

As part of its water stewardship strategy to engage with stakeholders of the Indus basin, World Wide Fund for Nature-Pakistan (WWF-P) signed a Memorandum of Understanding (MoU) with Nestlé Pakistan. The agreement was signed by Hammad Naqi Khan, Director G
Published 22 Nov, 2014 12:00am
Direct linkages between business communities vital: Philippines envoy

Direct linkages between business communities vital: Philippines envoy

Direct linkages between business communities are imperative to increase the volume of bilateral trade between Pakistan and Philippine and in this connection trade exhibitions and trade delegations are being arranged, said ambassador of Philippine His Exce
Published 22 Nov, 2014 12:00am
JI Ijtema begins: MB leader seeks to remove misconceptions about Muslims

JI Ijtema begins: MB leader seeks to remove misconceptions about Muslims

A 3-day Ijtema of the Jamaat-i-Islami, Pakistan began with the Juma prayer at the historic Badshahi Mosque led by the central leader of the Akhwanul Muslimoon [the Muslim Brotherhood (MB)] and eminent Syrian scholar Al-Sheikh Sadrud Din Albayuni. Addressi
Published 22 Nov, 2014 12:00am
Prime Minister condoles

Prime Minister condoles

Prime Minister Nawaz Sharif has condoled the death of sister of Punjab Minister for Finance Mujtaba Shujaur Rehman. The Prime Minister went to the residence of sister of the minister at Gulberg and offered Fateha for the departed soul. He expressed his gr
Published 22 Nov, 2014 12:00am
PGMI holds workshop on laparoscopic surgery

PGMI holds workshop on laparoscopic surgery

With a view to highlight the importance of Laparoscopic surgical techniques that offer less pain, fewer complications and faster recovery than traditional operations, Department of Obstetrics & Gynaencology of Post Graduate Medical Institute and General H
Published 22 Nov, 2014 12:00am
Body formed to review medical needs of paediatric nurseries

Body formed to review medical needs of paediatric nurseries

Advisor to Chief Minister Punjab on Health Kh Salman Rafiq has formed a committee here on Friday to review the medical needs of paediatric nurseries. Members of a committee are Dean Children Hospital Professor Masood Sadiq, Principal Allama Iqbal Medical
Published 22 Nov, 2014 12:00am
Curb on illegal, unreported & unregulated fishing urged

Curb on illegal, unreported & unregulated fishing urged

WWF-Pakistan participated in the World Fisheries Day celebration held on November 21 here in the City. While addressing the participants of seminar Dr Ejaz Ahmad, Senior Director WWF-Pakistan pointed out that the day was celebrated through the world since
Published 22 Nov, 2014 12:00am
Sindh University observes World Fisheries Day

Sindh University observes World Fisheries Day

The Freshwater Biology & Fisheries Department of Sindh University, Jamshoro observed the World Fisheries Day with several programmes, including a colourful rally and public conference at Allama I. I. Kazi Campus, here on Friday. mThe rally was flagged off
Published 22 Nov, 2014 12:00am
SHC directs AGP to summon reports about missing person

SHC directs AGP to summon reports about missing person

The Sindh High Court (SHC) on Friday directed the Attorney General for Pakistan (AGP) to summon reports from the concerned quarters on whether a missing man was detained at an internment center in Khyber Pakhtunkhwa (KP). A SHC division bench headed by Ju
Published 22 Nov, 2014 12:00am
PFF holds rally

PFF holds rally

A large number of fishermen belonging to Badin, Thatta, Sujawal, Sanghar, Jamshoro, Karachi and Hyderabad on Friday held a joint rally to observe World Fisheries Day. The rally was organised by Pakistan Fisherfolk Forum (PFF) with a slogan of 'Action agai
Published 22 Nov, 2014 12:00am
Health outreach: USAID donates 550 motorcycles to Sindh government

Health outreach: USAID donates 550 motorcycles to Sindh government

The United States Agency for International Development (USAID) donated 550 motorcycles to the Government of Sindh Department of Health to improve health coverage across the province. Leon S Waskin, Acting Consul General, US Consulate General Karachi and D
Published 22 Nov, 2014 12:00am
IT returns: KCCI chief urges FBR to extend date

IT returns: KCCI chief urges FBR to extend date

Karachi Chamber of Commerce and Industry's (KCCI) President Iftikhar Ahmed Vohra has urged the Federal Board of Revenue to extend the date for filing returns up to December 31, 2014. In a letter sent to the FBR Chairman Tariq Bajwa, the KCCI chief while e
Published 22 Nov, 2014 12:00am
IT returns: KCCI chief urges FBR to extend date

IT returns: KCCI chief urges FBR to extend date

Karachi Chamber of Commerce and Industry's (KCCI) President Iftikhar Ahmed Vohra has urged the Federal Board of Revenue to extend the date for filing returns up to December 31, 2014. In a letter sent to the FBR Chairman Tariq Bajwa, the KCCI chief while e
Published 22 Nov, 2014 12:00am
Pakistan, Afghanistan to jointly counter terror threats, UNGA told

Pakistan, Afghanistan to jointly counter terror threats, UNGA told

Pakistan and Afghanistan will jointly counter the threats of terrorism, violent extremism and transnational crime with "strong common resolve", and move to forge a mutually beneficial economic relationship, a top Pakistani diplomat told the UN General Ass
Published 22 Nov, 2014 12:00am
I will join PTI very soon: Mustafa Qureshi

I will join PTI very soon: Mustafa Qureshi

An eminent figure of the Pakistan film industry, Mustafa Qureshi while supporting the Pakistan Tehreek-e-Insaf (PTI) rally in Larkana has said that he would join the PTI very soon. He expressed these views while talking to a private news channel. He said
Published 22 Nov, 2014 12:00am
Elections and use of machines

Elections and use of machines

Parliamentary Committee on Electoral Reforms has reportedly asked Election Commission of Pakistan (ECP) to finalise its proposal on a biometric system of identification and the use of electronic voting machines (EVMs) to be employed in the general electio
Published 22 Nov, 2014 12:00am
Looking to fund your business? Ask your classmate

Looking to fund your business? Ask your classmate

Claude Burns, who just earned a degree from MIT's Sloan School of Management, hatched what he thought was a great start-up idea: a subscription business peddling craft beers. The problem was how to come up with the half-a-million to fund it? He figured he
Published 22 Nov, 2014 12:00am
The Salvadoran town emptied by the American dream

The Salvadoran town emptied by the American dream

An eerie quiet hangs over Intipuca, a Salvadoran town whose streets bear names like "Distant Brother" and are lined with empty houses that look lifted from a Hollywood movie. "Welcome to Intipuca City, the place to be," says an English-language sign at th
Published 22 Nov, 2014 12:00am
Political economics as a vocation

Political economics as a vocation

What do we understand by political vocation? Very early on in my career as a civil servant I went with a delegation to India and I found that most of the politicians had been in politics for more than 30 years. They were still going strong. The average li
Published 22 Nov, 2014 12:00am
Lack of growth in private sector credit

Lack of growth in private sector credit

For the last few years, financial institutions have been very comfortable in lending to the public sector through rapid increase in the holdings of government securities; and they shy away from extending credit to the private sector. However, the growth i
Published 22 Nov, 2014 12:00am
The policy reset

The policy reset

General Sergei Shoygu, the first Russian defence minister to visit Pakistan since 1969 (the then Soviet Union) was in Islamabad this week to personally convey his government's decision to sell Pakistan 20 Mi-35 helicopters. For its relatively cheap operat
Published 22 Nov, 2014 12:00am
60 Indian fishermen arrested

60 Indian fishermen arrested

Marine forces have arrested more than 60 Indian fishermen for violating territorial waters in Arabian Sea, police said on Friday. The fishermen strayed into Pakistani waters and Pakistan's Maritime Security Agency (MSA) arrested them and handed over to th
Published 22 Nov, 2014 12:00am
Farmers reject proposed Seed Amendment Bill 2014

Farmers reject proposed Seed Amendment Bill 2014

Sustainable Agriculture Action Group (SAAG) strongly opposes the process that federal government followed to approve the proposed Seed Amendment Bill 2014 and Plant Breeders' Rights Act. In a press conference held here on Friday, representatives from farm
Published 22 Nov, 2014 12:00am
PUAN hosts Entrepreneurship Reunion

PUAN hosts Entrepreneurship Reunion

More than 300 alumni of US government-sponsored exchange programmes gathered here on Friday for the kick-off of the first-ever Entrepreneurship Reunion hosted by Pakistan-US Alumni Network (PUAN). The three-day event attracted participants and speakers fr
Published 22 Nov, 2014 12:00am
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