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Dec 05, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-12-12
Shanghai copper little changed

Shanghai copper little changed

The most-traded February copper contract on the Shanghai Futures Exchange ended little changed at 46,210 yuan ($7,477) a tonne on Thursday as the dollar weakened against an index of currencies on year-end positioning and partly due to risk-aversion trigge
Published 12 Dec, 2014 12:00am
Aluminium slips, other base metals up

Aluminium slips, other base metals up

Aluminium slipped while some other base metals eked out modest gains on Thursday after diverging signals about global growth from China and the United States. Zinc sunk to a near six-month low before rebounding and closing firmer while aluminium touched a
Published 12 Dec, 2014 12:00am
Oil steadies on US economic data

Oil steadies on US economic data

Oil prices stabilised near five-year lows on Thursday as robust US consumer spending data boosted investor optimism about the world's largest economy, while traders warned that a bottom for crude remained elusive after a six-month selloff. Benchmark Brent
Published 12 Dec, 2014 12:00am
Rubber dips

Rubber dips

Benchmark Tokyo rubber futures fell to a fresh seven-week low on Thursday as the yen's rise and weaker oil prices unnerved investors who were already concerned about prolonged oversupply in Asia, dealers said. The Tokyo Commodity Exchange rubber contract
Published 12 Dec, 2014 12:00am
Soyabeans fall on profit-taking

Soyabeans fall on profit-taking

US soyabeans fell more than 1 percent on Wednesday, reversing a one-month high in a profit-taking sell-off following a US Department of Agriculture report that showed smaller-than-expected ending stocks of beans. Corn and wheat futures also eased at the C
Published 12 Dec, 2014 12:00am
Palm oil rises

Palm oil rises

Malaysian palm oil futures rose on Thursday, tracking gains in competing vegetable oil markets, with expectations of a drop in production in December also helping lift prices. The benchmark February contract on the Bursa Malaysia Derivatives Exchange clos
Published 12 Dec, 2014 12:00am
Cocoa, sugar slip

Cocoa, sugar slip

Cocoa futures on ICE sank around 3 percent on Thursday, marking their biggest one-day tumble in two months as the spot London spread weakened sharply ahead of first notice day and triggered automatic sell orders. Raw sugar dropped 2 percent after center-s
Published 12 Dec, 2014 12:00am
Gold down in New York

Gold down in New York

Gold dropped a shade on pressure from tumbling oil prices on Wednesday, after nudging up to a seven-week high as equity markets surrendered earlier gains to turn lower and the dollar extended losses versus a basket of currencies. "The weak oil prices sapp
Published 12 Dec, 2014 12:00am
Gold drops in Asia

Gold drops in Asia

Gold reversed early gains to move further away from a seven-week high on Thursday as the dollar got some respite against the yen, dulling the metal's appeal as a hedge. Bullion, seen as an alternative investment to riskier assets such as equities, gained
Published 12 Dec, 2014 12:00am
Gold falls in Europe

Gold falls in Europe

Gold fell nearly one percent on Thursday, retreating further from the previous session's seven-week high as the dollar extended gains after US data pointed to a strengthening economy. The number of Americans filing new claims for unemployment benefits fel
Published 12 Dec, 2014 12:00am
Trade battle may lift US sugar prices

Trade battle may lift US sugar prices

Uncertainty will continue to plague the North American sugar market through the first quarter of 2015 if there is no deal to end a trade battle between the United States and Mexico, the head of JSG Commodities said on Thursday.
Published 12 Dec, 2014 12:00am
US MIDDAY: corn jumps to one-month peak

US MIDDAY: corn jumps to one-month peak

US corn futures rallied to a one-month high Thursday on strong export sales and technical buying, but prices came off peaks on a lack of follow-through buying amid plentiful supplies. Soybeans rose to recoup some losses from Wednesday, when the market shr
Published 12 Dec, 2014 12:00am
Forex reserves set to hit $14 billion mark

Forex reserves set to hit $14 billion mark

With the arrival of Sukuk inflows, the country's total liquid foreign exchange reserves reached near $14 billion mark. According to weekly forex report issued by State Bank of Pakistan (SBP) Thursday, the country's total forex reserves posted an increase
Published 12 Dec, 2014 12:00am
Seven militants killed in Khyber Agency airstrike

Seven militants killed in Khyber Agency airstrike

At least seven militants were killed and eight secret hideouts were demolished in a fresh airstrike in Khyber Agency on Thursday. According to Inter-services Public Relations (ISPR), seven more militants were killed along with the destruction of eight sec
Published 12 Dec, 2014 12:00am
First five months: remittances rise to $7.39 billion

First five months: remittances rise to $7.39 billion

Overseas Pakistani workers remitted $7398.4 million in the first five months of FY15, showing an impressive growth of 15.5 per cent compared with $6407.5 million received during the same period of FY14. During November 2014, the inflow of workers' remitta
Published 12 Dec, 2014 12:00am
World Bank reiterates cooperation with NAB

World Bank reiterates cooperation with NAB

A delegation of World Bank on Thursday called on Chairman National Accountability Bureau (NAB) Qamar Zaman Chaudhry, here at NAB headquarter. The World Bank delegation appreciated the valuable efforts rendered by NAB and expressed desire for further co-op
Published 12 Dec, 2014 12:00am
Government borrowing decline improves credit to private sector

Government borrowing decline improves credit to private sector

The long-awaited fall in government borrowing along with growth in bank deposits, resulted in healthy growth in credit to the private sector. According to State Bank of Pakistan's (SBP) annual report, despite a reduction in fiscal deficit in early FY14, t
Published 12 Dec, 2014 12:00am
Chairman to improve working culture, ensure austerity in EPZA

Chairman to improve working culture, ensure austerity in EPZA

In order to bring efficiency and financial discipline in the working environment in Export Processing Zones Authority offices across the country, Chairman EPZA, Aftab Anwar Baloch has directed that staff discipline in different divisions will remain prior
Published 12 Dec, 2014 12:00am
Upper parts of country: weather may remain cold for two days

Upper parts of country: weather may remain cold for two days

Continental air has turned many parts of the country cold but plunged temperature in Quetta and Astore blow seven degree centigrade in the last 24 hours. Temperature went down in Hunza and Kalat each below 6 degree centigrade, Kalam, Gilgit, Skardu each b
Published 12 Dec, 2014 12:00am
Several industrial units facing acute water shortage

Several industrial units facing acute water shortage

Various industrial units of the city, including export-oriented industries, are incurring huge financial losses owing to inadequate supply of water. According to industrialists, water shortage was also posing difficulties in meeting the deadlines of expor
Published 12 Dec, 2014 12:00am
10 injured in Sibi blast

10 injured in Sibi blast

A bomb planted on a motorbike exploded in Sib on Thursday, wounding at least 10 people, police and administration officials said. The bomb went off in Sibi city, around 110 kilometres (68 miles) south-east of Quetta. "At least 10 people have been injured
Published 12 Dec, 2014 12:00am
Famine in Thar Three more children die

Famine in Thar Three more children die

At least three more children died of famine in Chachro in Tharparkar on Thursday, escalating death toll to 175 in a span of 71 days while the affected people await aid from the administration. Dysfunctional and dried up tube wells, scarcity of food, lack
Published 12 Dec, 2014 12:00am
TCP dismisses three employees for possessing fake degrees

TCP dismisses three employees for possessing fake degrees

Trading Corporation of Pakistan (TCP) has dismissed three employees for possessing fake degrees. Sources told Business Recorder on Thursday that on the directives of Chairman TCP Rizwan Ahmed, the management/ Human Resource Division of the state-ru
Published 12 Dec, 2014 12:00am
Soneri Bank, PTCL sign agreement

Soneri Bank, PTCL sign agreement

Pakistan Telecommunication Company Limited (PTCL) has inked an agreement with Soneri Bank to provide Data Center hosting services on Thursday. PTCL Data Center, the only certified Tier 3 Data Center in Pakistan, will serve Soneri Bank's integrated branch
Published 12 Dec, 2014 12:00am
Soneri Bank, PTCL sign agreement

Soneri Bank, PTCL sign agreement

Pakistan Telecommunication Company Limited (PTCL) has inked an agreement with Soneri Bank to provide Data Center hosting services on Thursday. PTCL Data Center, the only certified Tier 3 Data Center in Pakistan, will serve Soneri Bank's integrated branch
Published 12 Dec, 2014 12:00am
APCAA alleges customs' anti-corruption department minting money

APCAA alleges customs' anti-corruption department minting money

Customs' anti-corruption department is allegedly minting money by harassing importers and clearing agents on non-issues. This was stated by Arshad Jamal, senior vice chairman All Pakistan Agents Association (APCAA) while talking to Business Recorder </
Published 12 Dec, 2014 12:00am
Matco Rice represents Pakistan in Canada Trade Expo

Matco Rice represents Pakistan in Canada Trade Expo

Pakistan's largest basmati rice exporter, Matco Rice Processing (Pvt) Limited, represented the country's highest quality rice at the 3rd Edition of Canada Pakistan Trade Expo in Ontario, Canada. The exhibition was organized with Federation of Pakistan Cha
Published 12 Dec, 2014 12:00am
Advisory service: SBP asks banks not to hire bankrupt firm

Advisory service: SBP asks banks not to hire bankrupt firm

State Bank of Pakistan (SBP) Thursday asked banks and DFIs not to acquire any consultancy or advisory service from a bankrupt company. According to BPRD Circular No 13 of 2014 issued on December 11, 2014, the environment of integrity, honesty and financia
Published 12 Dec, 2014 12:00am
50 Indian fishermen arrested

50 Indian fishermen arrested

Maritime security personnel on Thursday arrested at least 50 Indian fishermen and seized 10 boats. According to maritime security sources, some 10 Indian fishing boats along with 50 crew members were apprehended for poaching inside Pakistani waters. The a
Published 12 Dec, 2014 12:00am
CIA torture report little comfort to Pakistani detainee

CIA torture report little comfort to Pakistani detainee

A Pakistani detained at Afghanistan's infamous Bagram jail, where he was beaten and threatened with dogs, told AFP a damning US report on the brutal treatment of terror detainees will do nothing to return the five years he lost to the ordeal. The detentio
Published 12 Dec, 2014 12:00am
Magsi opposes setting up of university in Hyderabad

Magsi opposes setting up of university in Hyderabad

Chairman of Sindh Tarraqi Pasand Party, Dr Qadir Magsi has said his party is striving to make the country a real federation where all nations can live with honour and dignity and to liberate them from slavery as they have been undergoing this humiliation
Published 12 Dec, 2014 12:00am
MBBS papers postponed

MBBS papers postponed

Sindh University's Controller of Annual Examinations Professor Dr Naeem Tariq Narejo has postponed the papers of third & final professional MBBS annual examinations 2014 at its affiliated Muhammad Medical College Mirpurkhas which was scheduled to be held
Published 12 Dec, 2014 12:00am
Bahria University hosts 17th IEEE conference

Bahria University hosts 17th IEEE conference

Bahria University Karachi Campus hosted a three-day international conference, 17th IEEE International Multi-Topic Conference from 8th to 10th of December 2014 at its Karachi Campus. The conference is being regularly held at Pakistan under the flag of IEEE
Published 12 Dec, 2014 12:00am
Quality enhancement: SU awarded best rank by HEC

Quality enhancement: SU awarded best rank by HEC

The Quality Enhancement Cell (QEC) of Sindh University (SU) has been awarded the best rank by the Quality Assurance Agency (QAA) of the Higher Education Commission in its annual assessment. "Sindh University is very delighted for being ranked the best by
Published 12 Dec, 2014 12:00am
Sindh government decides to export surplus wheat

Sindh government decides to export surplus wheat

The Sindh government on Thursday decided to export the surplus wheat and also sought the Federal government support through Trading Corporation of Pakistan (TCP) in this regard. The decision was taken in a meeting held here on Thursday to review the preva
Published 12 Dec, 2014 12:00am
Petrol pumps dealers threaten to go on strike

Petrol pumps dealers threaten to go on strike

Petrol pumps dealers here on Thursday threatened to go on strike if district governments did not stop harassing and imposing 'illegal' fine on them. Speaking to a news conference at Peshawar Press Club here on Thursday, provincial Chairman of Sarhad Petro
Published 12 Dec, 2014 12:00am
Liberty Books opens store in Avari Lahore

Liberty Books opens store in Avari Lahore

Liberty Books, one of Pakistan's largest book retailers and distributors, has opened its second store in Lahore at the premises of the prestigious Avari Lahore. As one of Lahore's busiest hotels, this is indeed a welcome addition to the hotel's existing f
Published 12 Dec, 2014 12:00am
FHM's annual report receives international recognition

FHM's annual report receives international recognition

South Asian Federation of Accountants (SAFA) in its award ceremony held at Bhubaneshwar, India, recently, awarded SAFA BPA "Certificate of Merit" award to First Habib Modaraba (FHM) from the category of "Financial Services Sector" for "Best Presented Acco
Published 12 Dec, 2014 12:00am
Guzara Allowance: Sindh government inks MoU with Sindh Bank

Guzara Allowance: Sindh government inks MoU with Sindh Bank

The Sindh Government and Sindh Bank Management signed MoU for interest free distribution of Guzara Allowance among the 84,000 beneficiaries of Zakat fund at the rate of Rs 1000 per month to each through Sindh Bank ATM network. The step aims to facilitate
Published 12 Dec, 2014 12:00am
Pakistan seeks meaningful engagement with India: Dastagir

Pakistan seeks meaningful engagement with India: Dastagir

Pakistan wants a meaningful engagement with India to resolve all outstanding bilateral disputes, so that both the countries could work for sustainable economic growth, said federal Minister for Commerce and Industry Engineer Khurram Dastagir Khan. "The go
Published 12 Dec, 2014 12:00am
Non-textile exports witness sharp decline in 2013-14: World Bank report

Non-textile exports witness sharp decline in 2013-14: World Bank report

The non-textile exports, particularly manufacturing groups including machinery and transport equipment, gems and jewellery, handicrafts, cement etc have witnessed a -10.1 percent decline in 2013-14 against a growth of 5.8 percent in 2012-13 due to the loa
Published 12 Dec, 2014 12:00am
SCO moot in Astana: Sartaj to lead Pakistani delegation

SCO moot in Astana: Sartaj to lead Pakistani delegation

Adviser to the Prime Minister on National Security and Foreign Affairs Sartaj Aziz will lead Pakistan's delegation to the meeting of the Shanghai Co-operation Organisation (SCO)'s Council of heads of governments being held in Astana Kazakhstan on December
Published 12 Dec, 2014 12:00am
PCGA for reviewing cotton procurement policy

PCGA for reviewing cotton procurement policy

The Central Executive Committee of Pakistan Cotton Ginners Association (PCGA)has urged upon the government to review its cotton procurement policy and purchase at least 2 million bales of cotton of all grades through Trading Corporation of Pakistan(TCP).
Published 12 Dec, 2014 12:00am
Winter vacations from 26th in capital

Winter vacations from 26th in capital

Students of all the educational institutions working under Federal Directorate of Education (FDE) would avail winter vacations from December 26 (Friday) to December 31 (Wednesday). An official of FDE told APP that winter vacations would commence from Dece
Published 12 Dec, 2014 12:00am
Plots in sector I-12: CDA holds computerised balloting

Plots in sector I-12: CDA holds computerised balloting

The Capital Development Authority (CDA) on Thursday held computerised balloting of allotment of 112 alternate plots in sector I-12 of different size to the allotees of sector I-14 in lieu of double allotment or deleted plots. The balloting was held at Pak
Published 12 Dec, 2014 12:00am
Mexican fined for disrupting Nobel award ceremony

Mexican fined for disrupting Nobel award ceremony

A man who disrupted the Nobel prize ceremony in Oslo by waving a Mexican flag streaked with red in front of the peace prize laureates has been fined, Norwegian police said Thursday. The protest at the presumed massacre of 43 Mexican students came as Malal
Published 12 Dec, 2014 12:00am
Governor SBP summoned by Senate body

Governor SBP summoned by Senate body

Senate Standing Committee on Rules of Procedure and Privileges has summoned Governor State Bank of Pakistan Ashraf Mahmood Wathra to inquire about the investigation report on privatisation of a bank. The Committee met with Senator Colonel Syed Tahir Hussa
Published 12 Dec, 2014 12:00am
Pakistan condemns CIA's brutal interrogation techniques

Pakistan condemns CIA's brutal interrogation techniques

Pakistan on Thursday joined the world to condemn the CIA's brutal interrogation techniques against detainees captured under terror suspicions after 9/11 incident, saying international human rights law must be respected while countering international terro
Published 12 Dec, 2014 12:00am
Qadri undergoes angiography at US hospital

Qadri undergoes angiography at US hospital

Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri underwent angiography procedure at a hospital in the United States on Thursday. According to reports, a new panel of doctors has been formed for Dr Tahirul Qadri's further check up. The panel has also ch
Published 12 Dec, 2014 12:00am
FBR abolishes Afghan customs clearance documents requirement

FBR abolishes Afghan customs clearance documents requirement

The Federal Board of Revenue (FBR) has agreed to do away with the requirement of Afghan Customs clearance documents in bilateral trade from January 1, 2015, said a notification of Commerce Ministry. The removal of the condition of verification of the arri
Published 12 Dec, 2014 12:00am
PP-81: Election tribunal orders vote recount

PP-81: Election tribunal orders vote recount

The Election tribunal Thursday ordered recounting of votes in a Punjab Assembly seat of PP-81 Jhang. The tribunal issued verdict on the application filed by Pakistan Tehreek-e-Insaf (PTI) Candidate Taimur Khan. It is pertinent to mention here that ruling
Published 12 Dec, 2014 12:00am
Pak-US DCG meets: Commitment to strong defence ties reaffirmed

Pak-US DCG meets: Commitment to strong defence ties reaffirmed

The 23rd meeting of the US-Pakistan Defence Consultative Group (DCG), a working group under the strategic dialogue framework, was held in Washington, D.C. The two sides were led, respectively, by Lieutenant General Alam Khattak (Retired), Pakistan's Secre
Published 12 Dec, 2014 12:00am
Imran vows to lockdown Karachi today

Imran vows to lockdown Karachi today

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Thursday said that PTI would lockdown Karachi as it has street power, adding the protest will be peaceful if the provincial government did try to create any hindrance to sabotage it. Speaking to the pa
Published 12 Dec, 2014 12:00am
Sectors F-6, F-7, F-10: CDA retrieves land from illegal encroachers

Sectors F-6, F-7, F-10: CDA retrieves land from illegal encroachers

On the directions of Chairman Capital Development Authority (CDA), Maroof Afzal, Enforcement Directorate of the Authority on Thursday carried out an operation to retrieve CDA land, adjacent to the some residential houses in Sectors F-6, F-7 and F-10 from
Published 12 Dec, 2014 12:00am
Malala sees herself as prime minister in 20 years

Malala sees herself as prime minister in 20 years

Nobel Peace Prize laureate Malala Yousafzai said Thursday that she could see herself becoming prime minister of her country in about 20 years. "I want to help my country, I want my country to go forward and I'm really patriotic," said 17-year-old Malala,
Published 12 Dec, 2014 12:00am
UN grants observer status to D-8

UN grants observer status to D-8

The UN General Assembly on Wednesday granted observer status to the Developing Eight Countries Organisation for Economic Co-operation, known as D-8, when it adopted a Pakistan-sponsored resolution. The resolution, which was cleared by the Assembly's Legal
Published 12 Dec, 2014 12:00am
Kidney, liver transplant institute to be established in Lahore

Kidney, liver transplant institute to be established in Lahore

Punjab government and Pakistan Kidney and Liver Institute have agreed to establish Kidney and Liver Transplant Institute in Lahore, under which provincial government will provide 50 acres of land for setting up institute and funds for construction of buil
Published 12 Dec, 2014 12:00am
Ahsan sees breakthrough in government-PTI dialogue anytime soon

Ahsan sees breakthrough in government-PTI dialogue anytime soon

The nation will see a breakthrough in the dialogue between the government and Pakistan Tehreek-e-Insaf (PTI) anytime soon. This was stated by Federal Minister for Planning and Development Ahsan Iqbal while talking to media persons here on Thursday. He sai
Published 12 Dec, 2014 12:00am
MCCI chief hails government's talks offer to PTI

MCCI chief hails government's talks offer to PTI

The Business community of South Punjab has welcomed government offer to Pakistan Tehrik-e-Insaf for unconditional talks to end the political stalemate describing it a good step. President of Multan Chamber of Commerce and Industry(MCCI) Iqbal Hassan said
Published 12 Dec, 2014 12:00am
PTI won't stop protests despite resumption of talks

PTI won't stop protests despite resumption of talks

Pakistan Tehreek-e-Insaf (PTI) Punjab president Ejaz Chaudhary has said that even after the resumption of talks with the government, the party will not call off 'close down' protests in Karachi, Lahore and later countrywide. He expressed these views while
Published 12 Dec, 2014 12:00am
Japanese delegates call on PU AVC

Japanese delegates call on PU AVC

A Japanese delegation headed by Sumitomo Corporation Asia & Oceania Pakistan General Manager Yukio Sakai called on PU Acting Vice Chancellor (AVC) Professor Dr Ehsan Malik at VC office here on Thursday. PU Registrar Professor Dr Liaqat Ali, Additional Reg
Published 12 Dec, 2014 12:00am
Belarus envoy for better bilateral trade ties

Belarus envoy for better bilateral trade ties

Ambassador of Belarus to Pakistan Andrei Ermolovic has said that Belarus wants to develop better trade ties with Pakistan besides stressing the need of making all-out efforts in this regard. He stated this while addressing the members of Sialkot Chamber o
Published 12 Dec, 2014 12:00am
Seminar on protection of women against harassment at workplaces held

Seminar on protection of women against harassment at workplaces held

All segments of society including women should be brought into national mainstream to speed up the pace of socio-economic uplift, said Engr Rizwan Ashraf President Faisalabad Chamber of Commerce and Industry (FCCI). Addressing a seminar on "Act for protec
Published 12 Dec, 2014 12:00am
'Country cannot afford politics of strikes, sit-ins'

'Country cannot afford politics of strikes, sit-ins'

"The country cannot afford politics of strikes and sit-ins because the goal of national development and prosperity can be achieved through commitment, devotion and hard work." This was consensus of views expressed by political leaders and traders with ref
Published 12 Dec, 2014 12:00am
TDAP's training programme on GSP Plus status concludes

TDAP's training programme on GSP Plus status concludes

Pakistani business community have the ability to gain advantages from the European markets by exercising their export potential through GSP Plus status. CBI expert Marcel Oosterveer stated this while addressing the participants of concluding session of "M
Published 12 Dec, 2014 12:00am
Three-day Urs of Data Gunj Bakhsh begins

Three-day Urs of Data Gunj Bakhsh begins

The three-day 971st Urs celebrations of Hazrat Ali Bin Usman Alhajveri popularly known as Hazrat Data Gunj Bakhsh started at his shrine here on Thursday. The traditional Rasm-e-Chaddar Poshi (Laying of wreath on the shrine) was performed by Federal Financ
Published 12 Dec, 2014 12:00am
People facing anarchy like situation, remarks LHC

People facing anarchy like situation, remarks LHC

The Lahore High Court here on Thursday hearing petition against shutdown call of Pakistan Tehrik-e-Insaf (PTI) in Lahore on December 15 remarked that people had been facing anarchy like situation due to inefficiency of the federal government and shrewdnes
Published 12 Dec, 2014 12:00am
PU's CIMR marks World Mountain Day

PU's CIMR marks World Mountain Day

Punjab University's Centre for Integrated Mountain Research (CIMR) on Thursday celebrated World Mountain Day and organised a walk, musical performance, special lectures and a video documentary on the lifestyle of people living on the mountains. A ceremony
Published 12 Dec, 2014 12:00am
Law Secretary may probe into decisions of Customs Tribunal

Law Secretary may probe into decisions of Customs Tribunal

Federal Law Secretary may initiate inquiry against the decisions made by Customs Tribunal's Member (Technical), it was learnt here on Thursday. Sources said the inquiry might be initiated on a complaint lodged by Advocate Munawar Ali Lakho with the federa
Published 12 Dec, 2014 12:00am
Punjab Institute of Qur'an & Seerat Studies Bill passed

Punjab Institute of Qur'an & Seerat Studies Bill passed

Punjab Assembly in its 11th session here on Thursday passed 'The Punjab Institute of Qur'an and Seerat Studies Bill 2014. Deputy Speaker Sher Muhammad Gurchani chaired the session. Labour Minister Raja Ashfaq Sarwar that under the Child Labour legislation
Published 12 Dec, 2014 12:00am
TEVTA-KP sets up ten technical institutes

TEVTA-KP sets up ten technical institutes

Technical Education and Vocational Training Authority (TEVTA) Khyber Pakhtunkhwa has set up 10 Vocational Counselling and Job Placement Centres in the province to train the graduates according to the market needs. These centres have been set up with the a
Published 12 Dec, 2014 12:00am
PSM engineers repair two converter boilers

PSM engineers repair two converter boilers

Pakistan Steel was perforce operating the heavily leaked converter boiler, since long which was a major hurdle in increasing the steel production at Steel Making Department. It was just because the estimated cost for the repair/replacement work was over a
Published 12 Dec, 2014 12:00am
Sixth round of India-Pakistan parliamentary dialogue begins

Sixth round of India-Pakistan parliamentary dialogue begins

The 6th Round of India-Pakistan Parliamentary Dialogue has begun in New Delhi, which is attended by 12 Pakistani parliamentarians led by Awais Ahmed Khan Leghari, MNA and Chairman Standing Committee on Foreign Affairs.
Published 12 Dec, 2014 12:00am
ISAF commander calls on CoAS

ISAF commander calls on CoAS

Commander of the International Security Assistance Force (ISAF), General John F. Campbell, on Thursday called on the Chief of Army Staff (CoAS) General Raheel Sharif, here at the GHQ. Both the commanders discussed affairs relating to the on-going operatio
Published 12 Dec, 2014 12:00am
Provinces' budget surpluses increase sharply: SBP

Provinces' budget surpluses increase sharply: SBP

The overall budget surpluses posted by the provincial governments, increased sharply to Rs 149.5 billion in FY14, against the target of Rs 23 billion for the year. According to State Bank of Pakistan (SBP), there is an understanding that the provincial go
Published 12 Dec, 2014 12:00am
Provinces' budget surpluses increase sharply: SBP

Provinces' budget surpluses increase sharply: SBP

The overall budget surpluses posted by the provincial governments, increased sharply to Rs 149.5 billion in FY14, against the target of Rs 23 billion for the year. According to State Bank of Pakistan (SBP), there is an understanding that the provincial go
Published 12 Dec, 2014 12:00am
Regulatory oversight

Regulatory oversight

Apropos 'A tactless central bank' carried by Business Recorder on November 26, one needs to commend the articulation of writer Mian Asif Said in relation to his deep insights into monetary policymaking and regulatory processes.
Published 12 Dec, 2014 12:00am
EU carbon market reforms heading for an early start

EU carbon market reforms heading for an early start

Reforms to reduce a glut of emissions in Europe's carbon market look increasingly likely to kick off in 2017, four years earlier than initially proposed, as support grows among lawmakers for an early start. A draft proposal on the reforms published in Nov
Published 12 Dec, 2014 12:00am
In Lebanon, a garden blooms on former 'trash mountain'

In Lebanon, a garden blooms on former 'trash mountain'

Lebanon's southern city of Sidon is best known for its Crusader castle and ancient market, but a more modern landmark has marred its Mediterranean shoreline for decades - a towering "mountain" of trash. In the summer, reeking fumes hung over the city, and
Published 12 Dec, 2014 12:00am
Dream of self-reliance

Dream of self-reliance

The recent reports in Press that during the fiscal year 2013-14, Federal Board of Revenue (FBR) collected only Rs 2254.5 billion and not Rs 2266 billion as claimed by the Finance Minister on various occasions, especially in his meeting with IMF, has again
Published 12 Dec, 2014 12:00am
SBP's Annual Report

SBP's Annual Report

State Bank's annual report released on 10th December, 2014 contains, as usual, an objective assessment of the economy for FY14 along with the prospects for the current year. The report states that, "following several years of low economic growth and poorl
Published 12 Dec, 2014 12:00am
Two-day pillion riding ban imposed

Two-day pillion riding ban imposed

Sindh government has imposed a two-day ban on pillion riding in city from Friday to Saturday amid security concerns in wake of Chehlum processions, according to Aaj News. The ban was imposed by the home department for two days from December 12 to 1
Published 12 Dec, 2014 12:00am
The Weather

The Weather

The weather report on Thursday (December 11, 2014) and the forecast for Friday (December 12, 2014).

Published 12 Dec, 2014 12:00am
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