AIRLINK 159.45 Increased By ▲ 4.49 (2.9%)
BOP 10.06 Increased By ▲ 0.15 (1.51%)
CNERGY 7.85 Increased By ▲ 0.48 (6.51%)
CPHL 83.56 Increased By ▲ 0.65 (0.78%)
FCCL 48.54 Increased By ▲ 0.68 (1.42%)
FFL 15.07 Increased By ▲ 0.39 (2.66%)
FLYNG 49.46 Increased By ▲ 4.50 (10.01%)
HUBC 141.41 Increased By ▲ 3.44 (2.49%)
HUMNL 12.74 Decreased By ▼ -0.13 (-1.01%)
KEL 4.45 Increased By ▲ 0.16 (3.73%)
KOSM 5.34 Increased By ▲ 0.18 (3.49%)
MLCF 76.36 Increased By ▲ 1.05 (1.39%)
OGDC 213.73 Increased By ▲ 1.06 (0.5%)
PACE 5.33 Increased By ▲ 0.18 (3.5%)
PAEL 46.96 Increased By ▲ 0.83 (1.8%)
PIAHCLA 17.24 Increased By ▲ 0.96 (5.9%)
PIBTL 8.85 Increased By ▲ 0.28 (3.27%)
POWER 15.09 Decreased By ▼ -0.09 (-0.59%)
PPL 173.25 Increased By ▲ 3.34 (1.97%)
PRL 33.82 Increased By ▲ 2.68 (8.61%)
PTC 22.06 Increased By ▲ 2.01 (10.02%)
SEARL 84.13 Increased By ▲ 0.36 (0.43%)
SSGC 36.98 Increased By ▲ 0.91 (2.52%)
SYM 15.51 Increased By ▲ 0.61 (4.09%)
TELE 7.56 Increased By ▲ 0.35 (4.85%)
TPLP 8.56 Increased By ▲ 0.14 (1.66%)
TRG 65.19 Decreased By ▼ -1.01 (-1.53%)
WAVESAPP 9.25 Increased By ▲ 0.30 (3.35%)
WTL 1.28 Increased By ▲ 0.03 (2.4%)
YOUW 3.68 Increased By ▲ 0.08 (2.22%)
AIRLINK 159.45 Increased By ▲ 4.49 (2.9%)
BOP 10.06 Increased By ▲ 0.15 (1.51%)
CNERGY 7.85 Increased By ▲ 0.48 (6.51%)
CPHL 83.56 Increased By ▲ 0.65 (0.78%)
FCCL 48.54 Increased By ▲ 0.68 (1.42%)
FFL 15.07 Increased By ▲ 0.39 (2.66%)
FLYNG 49.46 Increased By ▲ 4.50 (10.01%)
HUBC 141.41 Increased By ▲ 3.44 (2.49%)
HUMNL 12.74 Decreased By ▼ -0.13 (-1.01%)
KEL 4.45 Increased By ▲ 0.16 (3.73%)
KOSM 5.34 Increased By ▲ 0.18 (3.49%)
MLCF 76.36 Increased By ▲ 1.05 (1.39%)
OGDC 213.73 Increased By ▲ 1.06 (0.5%)
PACE 5.33 Increased By ▲ 0.18 (3.5%)
PAEL 46.96 Increased By ▲ 0.83 (1.8%)
PIAHCLA 17.24 Increased By ▲ 0.96 (5.9%)
PIBTL 8.85 Increased By ▲ 0.28 (3.27%)
POWER 15.09 Decreased By ▼ -0.09 (-0.59%)
PPL 173.25 Increased By ▲ 3.34 (1.97%)
PRL 33.82 Increased By ▲ 2.68 (8.61%)
PTC 22.06 Increased By ▲ 2.01 (10.02%)
SEARL 84.13 Increased By ▲ 0.36 (0.43%)
SSGC 36.98 Increased By ▲ 0.91 (2.52%)
SYM 15.51 Increased By ▲ 0.61 (4.09%)
TELE 7.56 Increased By ▲ 0.35 (4.85%)
TPLP 8.56 Increased By ▲ 0.14 (1.66%)
TRG 65.19 Decreased By ▼ -1.01 (-1.53%)
WAVESAPP 9.25 Increased By ▲ 0.30 (3.35%)
WTL 1.28 Increased By ▲ 0.03 (2.4%)
YOUW 3.68 Increased By ▲ 0.08 (2.22%)
BR100 12,888 Increased By 217.2 (1.71%)
BR30 38,116 Increased By 748.7 (2%)
KSE100 119,962 Increased By 1425.4 (1.2%)
KSE30 36,773 Increased By 479.3 (1.32%)
Print - 2014-11-28
Canadian canola futures rise

Canadian canola futures rise

ICE Canadian canola futures rose on Tuesday to a nearly two-week high, lifted by modest fund buying and stronger soya markets. Funds bought an estimated 1,000 January contracts, with the nearby month trading above its 100-day moving average. A pick-up in
Published 28 Nov, 2014 12:00am
Bulgaria doubles deficit target, ups debt ceiling in new budget

Bulgaria doubles deficit target, ups debt ceiling in new budget

Bulgaria's parliament approved on Wednesday a revised budget doubling the public deficit and raising the debt ceiling for 2014, to buttress the country against fiscal troubles after a bank failure. The new bill sees a deficit of 3.7 percent of output by y
Published 28 Nov, 2014 12:00am
Mittal bids for 'environmental disaster' Italian steel plant

Mittal bids for 'environmental disaster' Italian steel plant

ArcelorMittal has teamed up with Italy's Marcegaglia to bid for Ilva, a loss-making Italian steel plant at the centre of a major environmental scandal, the target company confirmed Wednesday. The Ilva site at Taranto in the Puglia region of southern Italy
Published 28 Nov, 2014 12:00am
Spanish prices fall for fifth straight month in November

Spanish prices fall for fifth straight month in November

Spanish consumer prices fell for the fifth straight month in November, official figures showed on Thursday, amid concern that the eurozone is at risk of sliding into deflation. Spain's EU-harmonised inflation rate was minus 0.5 percent in November on a se
Published 28 Nov, 2014 12:00am
Singapore pledges more steps if needed to contain household debt

Singapore pledges more steps if needed to contain household debt

Some highly-leveraged households in Singapore may be vulnerable if interest rates rise or the economy slows, its central bank said on Thursday, asserting it will take more steps if needed to keep household debt at manageable levels. "Despite some moderati
Published 28 Nov, 2014 12:00am
Singapore pledges more steps if needed to contain household debt

Singapore pledges more steps if needed to contain household debt

Some highly-leveraged households in Singapore may be vulnerable if interest rates rise or the economy slows, its central bank said on Thursday, asserting it will take more steps if needed to keep household debt at manageable levels. "Despite some moderati
Published 28 Nov, 2014 12:00am
SABMiller, Coca-Cola and local firm to create African bottler

SABMiller, Coca-Cola and local firm to create African bottler

SABMiller Plc, The Coca-Cola Company and Gutsche Family Investments (GFI) are combining their soft drinks bottling operations in South and East Africa to create a group with $2.9 billion in revenue across 12 fast-growing markets. The new company, which wi
Published 28 Nov, 2014 12:00am
Infineon sees 2015 margin flat in challenging market

Infineon sees 2015 margin flat in challenging market

Auto and industrial chipmaker Infineon said its 2015 operating margin would remain roughly flat, disappointing the market, as sales at its high-margin industrial power-control unit would grow more slowly than the group average. The German company said on
Published 28 Nov, 2014 12:00am
Fifty is the new 20 for South Korean workers, data shows

Fifty is the new 20 for South Korean workers, data shows

Workers in their fifties outnumbered those in their twenties last year in South Korea, home to the world's fastest-ageing population, data showed on Thursday. People in their fifties accounted for 18.3 percent of the 16.5 million South Koreans with jobs i
Published 28 Nov, 2014 12:00am
New Remy CEO keeps focus on China despite setback

New Remy CEO keeps focus on China despite setback

The new boss of Remy Cointreau said on Thursday that affluent Chinese consumers remained a key market after problems in the country hit profits for the French spirits company. A Chinese government crackdown on corporate gift-giving hurt demand for Remy Co
Published 28 Nov, 2014 12:00am
Kenyan best grade tea price falls

Kenyan best grade tea price falls

The maximum price of the top grade Kenyan tea, Best Broken Pekoe Ones (BP1s), edged lower at auction this week, Africa Tea Brokers (ATB) said in a report. Producers offered 10.6 million kg of tea during the sale and 15.42 percent did not get buyers, ATB s
Published 28 Nov, 2014 12:00am
Mixed price patterns on grain market

Mixed price patterns on grain market

Rates moved both ways on the wholesale grain market on Thursday in the process of modest trading, dealers said. On the cereals side, Makai low type was down by Rs 25 to Rs 2475 while the best variety was unchanged at Rs 2600, Moong Punjab was sharply high
Published 28 Nov, 2014 12:00am
BoK Raast Islamic Branch opened at Saleh Khana Pabbi

BoK Raast Islamic Branch opened at Saleh Khana Pabbi

The Bank of Khyber (BoK) on Thursday opened a new branch of Raast Islamic Banking at Saleh Khana in Pabbi tehsil of Nowshera district. The Khyber Pakhtunkhwa Minister for Finance Muzaffar Said Advocate formally inaugurated the new branch of the bank. The
Published 28 Nov, 2014 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 152,069 tonnes of cargo comprising 119,897 tonnes of import cargo and 32,172 tonnes of export cargo including 6,274 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 1
Published 28 Nov, 2014 12:00am
Oil cake market rates

Oil cake market rates

The December vaida was lower, while the January vaida was inert on the forward cottonseed oilcake market on Thursday in the process of trading, dealers said. The December contract closed at Rs 1600.80 and commenced with a fall of 40 paisa at Rs 1600.40 in
Published 28 Nov, 2014 12:00am
Growers hope rates to stabilise after TCP's move

Growers hope rates to stabilise after TCP's move

Prices stabilised slightly on the cotton market on Thursday as the Trading Corporation of Pakistan (TCP) started purchasing from the ginners, dealers said. The official spot rate maintained overnight level at Rs 4,800, they added. In the ready session, ov
Published 28 Nov, 2014 12:00am
Moderate activity on cotton market

Moderate activity on cotton market

At best, activity on the cotton market was moderate where mostly easy and subdued tendency was apparent, even though a few exporters also participated. The induction of the Trading Corporation of Pakistan (TCP) to buy cotton and stabilise the prices has y
Published 28 Nov, 2014 12:00am
Moderate activity on cotton market

Moderate activity on cotton market

At best, activity on the cotton market was moderate where mostly easy and subdued tendency was apparent, even though a few exporters also participated. The induction of the Trading Corporation of Pakistan (TCP) to buy cotton and stabilise the prices has y
Published 28 Nov, 2014 12:00am
UVAS contributing to uplift of livestock sector: Governor

UVAS contributing to uplift of livestock sector: Governor

Punjab Governor Sarwar said on Thursday that University of Veterinary and Animal Sciences (UVAS) is not only producing competent manpower and promoting veterinary science but also contributing to development of livestock, poultry, dairy and other allied s
Published 28 Nov, 2014 12:00am
Collective efforts needed to promote trade: Turkish envoy

Collective efforts needed to promote trade: Turkish envoy

Ambassador of Turkey to Pakistan S Babur Girgim on Thursday said that Turkey and Pakistan are enjoying highly cordial and brotherly relations since long. These relations would be further strengthened with the passage of time, he said. Talking to the Presi
Published 28 Nov, 2014 12:00am
'Value added textile industry will continue to get gas'

'Value added textile industry will continue to get gas'

Value added textile industry in Punjab will continue to get gas throughout shortage period of winter on the special directive of Prime Minister Nawaz Sharif, said Mian Abdul Mannan MNA. Talking to journalists here on Monday, he said that we all know the g
Published 28 Nov, 2014 12:00am
Three killed in Nasirabad clash

Three killed in Nasirabad clash

Three persons were shot killed and one was injured in an armed clash in Lehri area of Nasirabad district, on Thursday. Police said that two armed groups of a same tribe opened fire at each other in Lehri area. "Three people died and one injured in armed c
Published 28 Nov, 2014 12:00am
Punjab government approves eight uplift schemes worth Rs 4.61 billion

Punjab government approves eight uplift schemes worth Rs 4.61 billion

The Punjab government has approved eight development schemes for various sectors with an estimated cost of Rs 4,616.093 million including construction of road & bridge between District Mianwali & Jand (District Attock) (Revised) at a cost of Rs 2,117.258
Published 28 Nov, 2014 12:00am
Shahbaz and World Bank team discuss cooperation in various sectors

Shahbaz and World Bank team discuss cooperation in various sectors

A delegation of World Bank led by Vincent Palmade met Punjab Chief Minister Shahbaz Sharif, here on Thursday. During a meeting it was decided to take speedy measures for co-operation between Punjab government and the World Bank for institutional reforms,
Published 28 Nov, 2014 12:00am
TOCOM rubber dips to one-week low

TOCOM rubber dips to one-week low

Benchmark Tokyo rubber futures dropped to a one-week low on Thursday, weighed down by growing concern over softening demand in China, the world's top consumer, and a lack of effective steps by top producers to fix oversupply, dealers said. The Tokyo Commo
Published 28 Nov, 2014 12:00am
Five hurt in Bharia Town cylinder blast

Five hurt in Bharia Town cylinder blast

: Five people were injured in an explosion of gas cylinder in a house at Bharia Town on Thursday following which the roof also caved in, a police spokesman said. The police said that a house No 274, Street 17 located in Bahria Town collapsed after a gas c
Published 28 Nov, 2014 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 28 Nov, 2014 12:00am
President commends PSO's stellar business performance

President commends PSO's stellar business performance

Mamnoon Hussain the President of Pakistan congratulated Amjad Parvez Janjua, MD and CEO of PSO on the phenomenal success of PSO under his leadership at a meeting held here on Wednesday. During the course of the meeting, the President appreciated the compa
Published 28 Nov, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (November 27, 2014).

Published 28 Nov, 2014 12:00am
PML-Q to hold public meeting at Chunian on December 21

PML-Q to hold public meeting at Chunian on December 21

Pakistan Muslim League-Q has decided to hold its next public meeting in Chunian, district Kasur, on December 21 as part of its electioneering for the forthcoming local bodies elections. Party's central leader, parliamentary leader in Punjab Assembly and C
Published 28 Nov, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (November 27, 2014).

Published 28 Nov, 2014 12:00am
Cutting ECP power of suo motu notice, delimitation proposed

Cutting ECP power of suo motu notice, delimitation proposed

Politicians have asked the Electoral Reforms Committee to reduce the Election Commission of Pakistan (ECP) power regarding suo motu notices and delimitations. Sources said that the politicians in their recommendations to the committee stated that ECP shou
Published 28 Nov, 2014 12:00am
The Weather

The Weather

The weather report on Thursday (November 27, 2014) and the forecast for Friday (November 28, 2014).

Published 28 Nov, 2014 12:00am
Qureshi reacts on cancellation of seminar at BZU

Qureshi reacts on cancellation of seminar at BZU

The administration, of Bahauddin Zakariya University Multan, has cancelled the annual Zikiriya seminar to escape from the viral slogan" Go Nawaz go". The Vice Chancellor, Professor Dr Khawaja Alqama was highly frightened of this slogan. This seminar was t
Published 28 Nov, 2014 12:00am
Minister distributes laptops among students

Minister distributes laptops among students

Provincial Minister for Women Development Hameeda Waheed-ud-Din distributed laptops among deserving students at Government Postgraduate College Mandi Bahaudin on Thursday. DCO Muzaffar Khan Sial, DPO Syed Junaid Arshad, Secretary Board of Intermediate Guj
Published 28 Nov, 2014 12:00am
Prgmea annoyed over not being invited to textile moot

Prgmea annoyed over not being invited to textile moot

Pakistan Ready-made Garments Manufacturers and Exporters Association (Prgmea) on Thursday expressed disappointment over not inviting the value-added textile sector to a conference held at Lahore on Thursday under the aegis of Textile Ministry. Talking to
Published 28 Nov, 2014 12:00am
Imran's appearance before tribunal a positive sign: Rashid

Imran's appearance before tribunal a positive sign: Rashid

Minister for Information, Broadcasting and National Heritage Senator Pervaiz Rashid on Thursday welcomed Pakistan Tehreek-I-Insaf's chief Imran Khan's decision of shunning the path of violent agitation and approaching courts and tribunals for redressal of
Published 28 Nov, 2014 12:00am
SAARC summit: little but significant progress

SAARC summit: little but significant progress

Prime Minister Nawaz Sharif while addressing the two-day 18th South Asia Association for Regional Co-operation (SAARC) summit in Kathmandu proposed a "dispute-free region" that would allow member governments to focus on the aspirations of the peoples of t
Published 28 Nov, 2014 12:00am
Army chief's US visit

Army chief's US visit

Stark irony indeed it was that while the Zarb-e-Azb military operation against terrorist outfits in North Waziristan was making significant gains there was no end to the clatter in Washington that the targets were selected. The unrelenting dirge was that
Published 28 Nov, 2014 12:00am
Promoting clean energy sources

Promoting clean energy sources

Our rulers blindly follow United States of America in most of those matters, where their personal interests are involved, but not in areas where public welfare can be achieved. In the wake of American Recovery and Reinvestment Act of 2009, the US governme
Published 28 Nov, 2014 12:00am
Low food inflation tightens squeeze on Europe's grocers

Low food inflation tightens squeeze on Europe's grocers

Subdued food price inflation in Europe is unlikely to pick up any time soon, adding to the pressure on mainstream grocers as they struggle with changing shopping habits and competition from discounters. Prices paid in Europe for fast-moving consumer goods
Published 28 Nov, 2014 12:00am
US automakers aim for luxury market in China

US automakers aim for luxury market in China

China is the new El Dorado for US automakers looking to develop sales of their luxury brands, which globally are lagging behind German and Japanese competitors. General Motors, the largest US automaker, already sells more cars in China each month than it
Published 28 Nov, 2014 12:00am
'Sukuk five times oversubscribed'

'Sukuk five times oversubscribed'

Our Finance Minister Ishaq Dar has once again captured every Pakistani's attention. However, I do not consider this as another feather in his cap since foreign debt has surged by another billion US dollars at the rate of 6.75 percent in addition to earlie
Published 28 Nov, 2014 12:00am
SBP urged to help resolve KASB Bank issue

SBP urged to help resolve KASB Bank issue

Korangi Association of Trade and Industry's (KATI) President Rashid Ahmed Siddiqui has urged the State Bank of Pakistan (SBP) to take immediate steps to help resolve the issue of KASB Bank as its accounts-holders are facing immense difficulties. He sugges
Published 28 Nov, 2014 12:00am
Perveiz assumes charge as CEO PESCO

Perveiz assumes charge as CEO PESCO

Parveiz Akhtar Shah has assumed the charge of Chief Executive Officer (CEO) of Peshawar Electric Supply Company (PESCO) on Thursday. The appointment of Parveiz Akhtar Shah has been carried out purely on Merit. He toped in B.Sc Engineering from University
Published 28 Nov, 2014 12:00am
IT minister visits NTC Headquarters

IT minister visits NTC Headquarters

Anusha Rahman Ahmad Khan, Minister of State for IT visited NTC Headquarters here on Thursday. Chairman NTC Brigadier Viqar Rashid Khan (Retd) gave a brief presentation on the performance and achievements of NTC. He also highlighted the challenges being fa
Published 28 Nov, 2014 12:00am
New Textile Policy: all stakeholders to be taken on board: Afridi

New Textile Policy: all stakeholders to be taken on board: Afridi

Federal Minister for Textile and Industries Abbas Khan Afridi said on Thursday the government was preparing a new textile policy which would incorporate all stakeholders of the textile sector. Addressing the Pakistan Textile Summit at a local hotel, he sa
Published 28 Nov, 2014 12:00am
POF Trust providing medical facilities to non-POF employees

POF Trust providing medical facilities to non-POF employees

POF administration is not only providing medical facilities to its employees and their wards, but also striving to provide medical facilities to other residents (non POF employees) of Wah Cantt. Izzat Ali Shah (Female) Hospital which is running under the
Published 28 Nov, 2014 12:00am
Cold and dry weather likely in most parts of country

Cold and dry weather likely in most parts of country

The Meteorological Department forecast partly cloudy weather conditions with light winter rain (light snowfall over the hills) at isolated places Rawalpindi, Gujranwala and Lahore divisions, in Malakand, Hazara, Peshawar, Gilgit-Baltistan and Kashmir toda
Published 28 Nov, 2014 12:00am
PML-N government keeps repeating same mistakes: Wattoo

PML-N government keeps repeating same mistakes: Wattoo

PPP Punjab President Mian Manzoor Wattoo Thursday said the PML-N government hasn't learnt from the past and repeating the same mistakes in dealing with present crisis. Talking to a party delegation from interior Punjab, Wattoo said PPP was neither support
Published 28 Nov, 2014 12:00am
Saudi Arabia beheads ninth Pakistani since mid-October

Saudi Arabia beheads ninth Pakistani since mid-October

Saudi Arabia on Thursday beheaded a Pakistani for heroin smuggling, bringing to nine the number of people from his country executed since mid-October. Mohammed Rahman Mohammed Asghar had been "tried and found guilty of smuggling a large quantity of heroin
Published 28 Nov, 2014 12:00am
SU scholars defend initial PhD, MPhil thesis successfully

SU scholars defend initial PhD, MPhil thesis successfully

Two scholars of M. Phil and PhD Ghulam Muhammad Bhutto and Ghulam Ali Shaikh have defended their initial thesis successfully in two separate seminars organized here at Institute of Business Administration, University of Sindh, Jamshoro. According to detai
Published 28 Nov, 2014 12:00am
Shahbaz condoles

Shahbaz condoles

Punjab Chief Minister Shahbaz Sharif has expressed deep sense of sorrow and grief over the death of Maulana Siraj Ahmad Dinpuri, former Ameer Jamiat-e-Ulema Islam, Sajadanasheen Shrine Dinpur Sharif and former Chairman Ruet-e-Hilal Committee. In a condole
Published 28 Nov, 2014 12:00am
Auditor general: hearing of reference adjourned

Auditor general: hearing of reference adjourned

The Supreme Judicial Council (SJC) on Thursday adjourned the hearing of a reference against Auditor General of Pakistan Buland Akhtar Rana. The Secretary National Assembly had filed a complaint after recommendations by the sub-committee of Public Accounts
Published 28 Nov, 2014 12:00am
'WHO not closing down operations'

'WHO not closing down operations'

World Health Organisation (WHO) on Thursday categorically dispelled the notion of closing down or withdrawing its operations in Balochistan or anywhere else in Pakistan. In a statement, the WHO Representative said that there has been news in the media rel
Published 28 Nov, 2014 12:00am
BoP recovers Rs 900 million after legal battle in UAE courts

BoP recovers Rs 900 million after legal battle in UAE courts

The Public at large might have long forgotten the Harris Group scandal that had hit BoP a few years back. However, the current management of Bank of Punjab had never given up the legal battle, both in courts of Pakistan and abroad, to recover each penny o
Published 28 Nov, 2014 12:00am
Tayyab Tareen new CEO K-Electric

Tayyab Tareen new CEO K-Electric

Tayyab Tareen appointed as the Chief Executive Officer effective 27th November, 2014, according to the statement issued post Board Meeting held on Thursday at KE House. Tayyab Tareen has been associated with KE for the last six years and has served the co
Published 28 Nov, 2014 12:00am
Unilever re-affirms commitment to Pakistan

Unilever re-affirms commitment to Pakistan

Unilever CEO Paul Polman confirmed Pakistan as an emerging market with high potential for long-term growth. This positive outlook builds on the four-fold growth of the local business in the last eight years; one of the highest growth rates in the Unilever
Published 28 Nov, 2014 12:00am
'Pak-China friendship to help boost trade in various fields'

'Pak-China friendship to help boost trade in various fields'

Deputy Consul General of China, Mu Young Pung said that China and Pakistan friendship would help both countries to boost trades in various fields. He said this while speaking on the occasion of his visit to Hyderabad Chamber of Commerce and Industry (HCCI
Published 28 Nov, 2014 12:00am
UBL Fund Managers, WWF-P take part in mangrove plantation

UBL Fund Managers, WWF-P take part in mangrove plantation

UBL Fund Managers Limited visited WWF Pakistan's Wetland Center, Sandspit Beach, to plant mangrove trees and clean the beach, in collaboration with WWF Pakistan. This initiative by UBL Fund Managers Limited is an integral part of their CSR campaign and ai
Published 28 Nov, 2014 12:00am
FINCA introduces interbank fund transfer facility

FINCA introduces interbank fund transfer facility

FINCA Microfinance Bank Ltd, Pakistan's leading microfinance bank, has introduced Inter-Bank Fund Transfer Facility (IBFT), a fast, secure and convenient service which allows customers to transfer funds between all 1LINK member banks. FINCA Microfinance B
Published 28 Nov, 2014 12:00am
Post-18th Amendment scenario: role of higher education sector discussed

Post-18th Amendment scenario: role of higher education sector discussed

Federal Minister for Planning, Development and Reforms, Ahsan Iqbal on Thursday assured the Vice Chancellors and Rectors of all public and private sector universities that the government will continue to support and further strengthen higher education sec
Published 28 Nov, 2014 12:00am
Speaker suggests formation of Pak-Belarus parliamentary friendship group

Speaker suggests formation of Pak-Belarus parliamentary friendship group

Speaker National Assembly Sardar Ayaz Sadiq suggested establishment of Pakistan-Belarus Parliamentary Friendship Group in National Assembly of Pakistan and Belarus. Talking to Ambassador of Belarus Andrei G. Ermolovich, he said Parliamentary interaction w
Published 28 Nov, 2014 12:00am
Publication on 'Gender Checklist free, fair elections' launched

Publication on 'Gender Checklist free, fair elections' launched

A Non-Governmental Organisation (NGO) on Thursday launched a publication 'Gender Checklist Free and Fair Elections' aiming at promoting the realisation of the equal representation of women and men in the decision-making processes at all level.
Published 28 Nov, 2014 12:00am
'Complex environment warrants optimum readiness at all times'

'Complex environment warrants optimum readiness at all times'

Chief of Naval Staff Admiral Zakaullah witnessed wide ranging naval manoeuvres in North Arabia Sea by variety of Pakistan Navy combat platforms. The Admiral who was on his maiden visit of the Naval Fleet since assuming command of Pakistan Navy closely wat
Published 28 Nov, 2014 12:00am
Allegedly involved in embezzlement scam: NAB freezes assets of officials

Allegedly involved in embezzlement scam: NAB freezes assets of officials

Director General (DG) National Accountability Bureau (NAB) Khyber Pakhtunkhwa ordered freezing of properties of accused Nadeem Shad, Divisional Account Officer, Peshawar Development Authority (PDA) and Sheraz Khan, Regional Manager, Samba Bank Peshawar wh
Published 28 Nov, 2014 12:00am
Tax men's ACRs: FBR introduces new computerised evaluation system

Tax men's ACRs: FBR introduces new computerised evaluation system

The Federal Board of Revenue (FBR) for the first time introduced the concept of computerised record based evaluation of tax officials in public sector organisation having key performance indicators for writing Annual Confidential Reports (ACRs). Sources t
Published 28 Nov, 2014 12:00am
Two-day international HRDN congress begins today

Two-day international HRDN congress begins today

The two-day International Human Resource Development Congress and Pakistan Development Expo 2014 titled "Key to Sustainable Growth: Human Resource Development" being organized by the Human Resource Development Network (HRDN) opens here at Pak-China Friend
Published 28 Nov, 2014 12:00am
Achtung: Remittance slowdown on the horizon - Sakib Sherani

Achtung: Remittance slowdown on the horizon - Sakib Sherani

Global macroeconomics is making headlines again; euro zone economy is at the brink of another round of slowdown; Japan is in a recession mode; and crude oil is on a downward spiral. How would these events affect Pakistan's economy? To find the answer to t
Published 28 Nov, 2014 12:00am
Achtung: Remittance slowdown on the horizon - Sakib Sherani

Achtung: Remittance slowdown on the horizon - Sakib Sherani

Global macroeconomics is making headlines again; euro zone economy is at the brink of another round of slowdown; Japan is in a recession mode; and crude oil is on a downward spiral. How would these events affect Pakistan's economy? To find the answer to t
Published 28 Nov, 2014 12:00am
Safety most important factor for house-hunters

Safety most important factor for house-hunters

Safety has emerged as the most important factor for those looking for a new house, says a report released here on Thursday. Whether they (people) are buying or renting, the most important factor for all Pakistani house-hunters, was the safety as more than
Published 28 Nov, 2014 12:00am
Four more infants die in Thar

Four more infants die in Thar

At least four more infants died of malnutrition on Thursday as famine continues to plague life in Thar ascending the death toll to 127 in 57 days. A one and a half year old Rabdino in Bacho Jauter village in Chachro and a two-day old infant in Hauti Jaute
Published 28 Nov, 2014 12:00am
IFCE to be inaugurated on December 2

IFCE to be inaugurated on December 2

Governor Punjab Chaudhry Muhammad Sarwar will inaugurate two-day 5th International Foundry Congress and Exhibition (IFCE) on December 02, at local hotel under the auspice of Pakistan Foundry Association. According to the spokesperson of the exhibition, Se
Published 28 Nov, 2014 12:00am
Prices of potatoes decline

Prices of potatoes decline

Prices of potatoes have started declining in retail markets following improvement in its supply from upcountry. Market sources attributed downward trend in potatoes prices to the arrival of fresh crops from Punjab as well as its import from China. The pri
Published 28 Nov, 2014 12:00am
One killed, tortured body found in Karachi

One killed, tortured body found in Karachi

A man was killed and a body was found here on Thursday. According to police and rescue sources, a tortured body of man identified as Abdul Waheed was found in the jurisdiction of Gulshan-e-Maymar police station. The body was shifted to Abbasi Shaheed Hosp
Published 28 Nov, 2014 12:00am
K-E cuts power supplies to 3 Sindh Government Departments

K-E cuts power supplies to 3 Sindh Government Departments

K-Electric took stern action by disconnecting a few connections of three government departments run by Sind Government. The decision came into effect when these departments failed to pay their outstanding dues payable to power utility. KE mentioned that a
Published 28 Nov, 2014 12:00am
Gold eases in Europe as dollar strengthens, oil slides

Gold eases in Europe as dollar strengthens, oil slides

Gold eased on Thursday, hurt by a sharp drop in oil prices, strength in the dollar and fresh outflows from bullion-backed funds, with traders cautious ahead of this weekend's Swiss referendum on central bank bullion assets. Spot gold was down 0.3 percent
Published 28 Nov, 2014 12:00am
Gold slips in Asia

Gold slips in Asia

Gold dipped for a second session on Thursday, holding below $1,200 an ounce, as outflows resumed from the top bullion exchange-traded fund and traders remained cautious before an upcoming Swiss referendum on central bank bullion assets. "Gold is stuck on
Published 28 Nov, 2014 12:00am
Gold eases in New York

Gold eases in New York

Gold eased slightly on Wednesday then steadied at just under $1,200 an ounce for another rangebound session as Asian overnight buying evaporated amid low volumes ahead of the US Thanksgiving holiday and a key Swiss vote on bullion holdings. At 3:25 pm EDT
Published 28 Nov, 2014 12:00am
Sugar dips on rains in Brazil; cocoa firms

Sugar dips on rains in Brazil; cocoa firms

London sugar futures dipped on Thursday as rains in major producer Brazil were expected to help development of next year's crop, while cocoa edged up and robusta coffee was little changed. Trading volumes were thin across soft commodities as it was the US
Published 28 Nov, 2014 12:00am
Wheat rises on global weather worries

Wheat rises on global weather worries

US wheat rose to its highest in more than a week on Wednesday, up for second straight session on technical buying coupled with concerns about global production prospects, traders said. Corn rose ahead of the US Thanksgiving holiday on Thursday, while soya
Published 28 Nov, 2014 12:00am
Palm oil falls

Palm oil falls

Malaysian palm oil futures fell on Thursday as crude oil prices plunged to their lowest in four years, stoking worries that the tropical oil may lose its appeal as an additive in biofuels, while rumours of palm cargo defaults in India spooked investors. B
Published 28 Nov, 2014 12:00am
Thai government delays draft rubber law amid farmers' discontent

Thai government delays draft rubber law amid farmers' discontent

Thailand's government postponed debate on a draft rubber law on Thursday after coming under pressure from rubber farmers' groups to scrap the law, the deputy agriculture minister said. The draft aims to set up a Rubber Authority of Thailand that would inc
Published 28 Nov, 2014 12:00am
More joint ventures would be good for gold miners

More joint ventures would be good for gold miners

Gold mining companies will and should join forces more often to develop big capital projects, the chief executive of Goldcorp Inc said on Monday, as the battered gold industry looks for ways to reduce risks at a time of weak bullion prices. Chuck Jeannes,
Published 28 Nov, 2014 12:00am
Cotton futures jump in thin, pre-holiday trade

Cotton futures jump in thin, pre-holiday trade

Cotton futures rallied on Wednesday, soaring above psychological resistance at 60 cents a lb on short-covering ahead of the US Thanksgiving Day holiday on Thursday. The most-active March contract on ICE Futures US closed up 0.72 cent, or 1.2 percent, at 6
Published 28 Nov, 2014 12:00am