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Nov 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-12-13
Obama urges an end to 'cycle of violence' in South Sudan

Obama urges an end to 'cycle of violence' in South Sudan

US President Barack Obama called Friday for South Sudan's leaders to "end the cycle of violence" and work towards reconciliation in the world's youngest nation after a year of civil war. "Last December, when a political conflict erupted into violence in S
Published 13 Dec, 2014 12:00am
Belgian queen Fabiola's funeral draws world royalty

Belgian queen Fabiola's funeral draws world royalty

Belgium on Friday laid to rest its much-loved former queen Fabiola, the widow of the popular King Baudoin, in a rain-lashed funeral ceremony attended by royals from across Europe and Asia. Japan's Empress Michiko, Denmark's Queen Margrethe, Sweden's King
Published 13 Dec, 2014 12:00am
Cuba to attend Summit of the Americas

Cuba to attend Summit of the Americas

Cuba will attend the Summit of the Americas next year for the first time in the history of the regional gathering that began in Miami two decades ago, Panama's foreign minister said Friday. Panama is organising the April summit, which has brought together
Published 13 Dec, 2014 12:00am
Cotton rallies most in months after strong US export sales

Cotton rallies most in months after strong US export sales

Cotton futures rallied over 2 percent to one-month highs for their biggest one-day gain in two months on Thursday, as strong US export sales data prompted fresh buying, offsetting concerns about a growing global surplus. The data came a day after the US D
Published 13 Dec, 2014 12:00am
Turkey rejects three shipments of US corn-based feed

Turkey rejects three shipments of US corn-based feed

Turkey has rejected three shipments of US distiller's dried grains, a feed ingredient, as it steps up enforcement of rules on imports of genetically modified corn, the US Grains Council said on its website on Thursday. The council, whose members include m
Published 13 Dec, 2014 12:00am
Shanghai copper up

Shanghai copper up

The most-traded copper contract on the Shanghai Futures Exchange edged up 0.4 percent to 46360 yuan ($7,491) a tonne on Friday but worse-than-expected Chinese industrial output data reinforced the case for further stimulus, stemming losses. "Weak oil pric
Published 13 Dec, 2014 12:00am
Copper edges up

Copper edges up

Copper rose on Friday on hopes that China would unleash more stimulus measures after factory output growth slowed more than expected in the world' top metals consumer. Zinc pared losses on buying interest by investors expecting shortages to develop next y
Published 13 Dec, 2014 12:00am
Rubber rebounds

Rubber rebounds

Benchmark Tokyo rubber futures rebounded on Friday on the back of the yen's drop and solid Shanghai market, but the contract still booked a fourth straight weekly loss amid worries about prolonged oversupply and softer demand in China. The Tokyo Commodity
Published 13 Dec, 2014 12:00am
Wheat ends up 2.6 percent on fund buying

Wheat ends up 2.6 percent on fund buying

US wheat futures rallied 2.6 percent on Thursday, ending a choppy trading session with a late-day surge on short-covering and fund buying amid talk of a slowdown in exports from Russia. Corn futures rose to a one-month high on strong export sales and tech
Published 13 Dec, 2014 12:00am
Palm oil drops

Palm oil drops

Malaysian palm oil futures dropped on Friday, tracking falls in crude oil prices and competing vegetable oil markets, although losses were limited by concerns that monsoon rains could curb output in December. The benchmark February contract on the Bursa M
Published 13 Dec, 2014 12:00am
Raw sugar, arabica coffee down

Raw sugar, arabica coffee down

Raw sugar on ICE hit a 2-1/2-month low on Friday on producer and fund selling as the currency in top grower Brazil fell, while arabica coffee dropped to multi-month lows. Cocoa corrected higher after the prior session's biggest fall in two months, while t
Published 13 Dec, 2014 12:00am
Gold little changed in New York

Gold little changed in New York

Gold was little changed in choppy dealings on Thursday, amid conflicting signals as the firm dollar applied pressure and weak US economic data spurred safe-haven buying, fuelling hopes that interest rates will rise. Spot gold was up 0.7 percent at $1,227.
Published 13 Dec, 2014 12:00am
Gold falls in Asia

Gold falls in Asia

Gold fell on Friday on a firm dollar and robust US economic data, but prices were set for a second straight weekly rise following gains earlier in the week from safe-haven demand. Spot gold had eased 0.7 percent to $1,219.50 an ounce by 0738 GMT. The meta
Published 13 Dec, 2014 12:00am
Gold lower in Europe

Gold lower in Europe

Gold edged lower on Friday as some buyers cashed in recent gains, but the metal remained on track for its biggest weekly rise in two months as the dollar retreated and sliding oil prices hurt risk appetite, weighing on stocks. Gold is up 2.4 percent so fa
Published 13 Dec, 2014 12:00am
US MIDDAY: corn soars to five-month peak

US MIDDAY: corn soars to five-month peak

US corn futures rose for a second straight day on Friday, with the benchmark contract rising above $4 a bushel to its highest in nearly five months, fuelled by short-covering and technical buying. Wheat futures extended a rally to move above the psycholog
Published 13 Dec, 2014 12:00am
US MIDDAY: gold down

US MIDDAY: gold down

Gold fell early on Friday as some buyers cashed in recent gains, but the metal was on track for its biggest weekly rise in two months as the dollar retreated and sliding oil prices hurt risk appetite, weighing on stocks. Gold was up 2.6 percent so far thi
Published 13 Dec, 2014 12:00am
Oil plunges three percent to new five-year lows

Oil plunges three percent to new five-year lows

Crude oil markets fell 3 percent or more to plumb new five-year lows on Friday after the world's energy watchdog forecast even lower prices on weaker demand and larger supplies next year. Benchmark Brent oil settled at below $62 a barrel and US crude slum
Published 13 Dec, 2014 12:00am
ANF recovers drugs worth Rs 3780 million

ANF recovers drugs worth Rs 3780 million

ANF conducted seven raids in Islamabad, Rawalpindi, Attock, Jhelum, Karachi and Qilla Abdullah and recovered 3.391 tons Charas and 58.5 kg Heroin worth Rs 3780 million, while arrested six drug smugglers including a Nigerian and seized three vehicles.
Published 13 Dec, 2014 12:00am
PMDC extends moratorium on establishment of new colleges

PMDC extends moratorium on establishment of new colleges

Pakistan Medical and Dental Council (PMDC) has extended the moratorium on establishment of new medical and dental colleges in order to enhance and maintain the standards of the medical and dental colleges. According to PMDC, already 128 colleges are funct
Published 13 Dec, 2014 12:00am
NED students secure second position in Global UPPP Competition

NED students secure second position in Global UPPP Competition

A three-member team of NED University of Engineering and Technology, Pakistan has been ranked second best in a global competition organized by Multinational Oil and Gas Company, MOL Group. Out of 972 international teams 10 teams participated at the live f
Published 13 Dec, 2014 12:00am
Recovery of youth: LHC seeks reply from CCPO

Recovery of youth: LHC seeks reply from CCPO

The Lahore High Court here on Friday sought reply from Lahore Capital City Police Officer (CCPO) by December 18 in a petition seeking recovering of a youth Ali Jamshed who tried to climbed on the tyre of airplane of a private airline company.
Published 13 Dec, 2014 12:00am
MQM inducts nine new members into Rabita Committee

MQM inducts nine new members into Rabita Committee

Muttahida Qaumi Movement (MQM) on Friday inducted nine new members in its top decision making body, the Rabita Committee, after a joint meeting of Rabita Committee Pakistan and London proposed the names. MQM chief Altaf Hussain also gave his consent to in
Published 13 Dec, 2014 12:00am
'Education for All Index': Pakistan ranks 113th among 120 countries

'Education for All Index': Pakistan ranks 113th among 120 countries

Pakistan ranked 113th out of 120 countries in the `Education for All Index' and performed worse than other South Asian countries and similar developing countries with very high out-of-school population of seven million, said a World Bank report titled "Pa
Published 13 Dec, 2014 12:00am
Uplift project for eye hospital in Badin inaugurated

Uplift project for eye hospital in Badin inaugurated

The inauguration ceremony for "The project for the improvement of the Eye Hospital in the District Badin, Sindh" was held on Thursday at the Layton Rahmatullah Benevolent Trust (LRBT) Free Secondary Eye Hospital in District Badin, with the presence of Aki
Published 13 Dec, 2014 12:00am
Rain in KP, upper Punjab, GB & Kashmir likely today

Rain in KP, upper Punjab, GB & Kashmir likely today

The Meteorological Department has forecast rain with snowfall over the hills in isolated places of Malakand, Hazara, Peshawar, Kohat divisions, upper Punjab (Rawalpindi, Lahore, Sargodha, Gujranwala division) Islamabad, Gilgit-Baltistan and Kashmir. On Sa
Published 13 Dec, 2014 12:00am
Quacks in Sindh: SHC issues notice to PMDC registrar, others

Quacks in Sindh: SHC issues notice to PMDC registrar, others

The Sindh High Court (SHC) on Friday issued notices to the registrar of Pakistan Medical and Dental Council (PMDC), the health secretary, the home secretary and the commissioner of Karachi among other official respondents to submit their respective commen
Published 13 Dec, 2014 12:00am
OUP holds Educators' Symposium

OUP holds Educators' Symposium

Oxford University Press (OUP) organised an Educators' Symposium and launched 'School Textbooks and Supplementary Readers Catalogue for 2015' at the Media 1 Hotel. This catalogue includes textbooks and supplementary readers published by OUP China, India an
Published 13 Dec, 2014 12:00am
Road blockades hit industrial production

Road blockades hit industrial production

Non-availability of public transport in the wake of blockade of several major thoroughfares by workers and supporters of Pakistan Tehreek-e-Insaf (PTI) on Friday adversely affected industrial production in all the industrial estates of the city. Industria
Published 13 Dec, 2014 12:00am
APWA observes Human Rights Day

APWA observes Human Rights Day

All Pakistan Women's Association (APWA), President and Executive Committee members celebrated the Human Rights Day on Wednesday. It adhered to the General Assembly Declaration that a "common standard of achievement for all peoples and nations" pertaining
Published 13 Dec, 2014 12:00am
Contraband goods seized

Contraband goods seized

Model Customs Collectorate (MCC), Hyderabad, on Friday claimed to have foiled a bid to smuggle large quantity of contraband goods during its anti-smuggling drive. Official sources said that the goods were seized following an information that some unscrupu
Published 13 Dec, 2014 12:00am
Ijara Sukuk M-2 highway land replaced with JIA Karachi

Ijara Sukuk M-2 highway land replaced with JIA Karachi

An Extra-ordinary General Meeting of the Sukuk holders has substituted/replaced M-2 Highway Land - an asset of Ijara Sukuk - with Jinnah International Airport, Karachi. In accordance with the applicable rules of GoP Ijara Sukuk (GIS-9, GIS-10, GIS-11, GIS
Published 13 Dec, 2014 12:00am
Ijara Sukuk M-2 highway land replaced with JIA Karachi

Ijara Sukuk M-2 highway land replaced with JIA Karachi

An Extra-ordinary General Meeting of the Sukuk holders has substituted/replaced M-2 Highway Land - an asset of Ijara Sukuk - with Jinnah International Airport, Karachi. In accordance with the applicable rules of GoP Ijara Sukuk (GIS-9, GIS-10, GIS-11, GIS
Published 13 Dec, 2014 12:00am
Jamaat-i-Islami underscores need for greater ECP autonomy

Jamaat-i-Islami underscores need for greater ECP autonomy

Jamaat-i-Islami (JI) has called for giving financial and institutional autonomy to the Election Commission of Pakistan (ECP), saying that without a strong and independent ECP free, fair and transparent elections would remain a distant dream. JI Secretary
Published 13 Dec, 2014 12:00am
Intel welcomes Pakistan to the era of integration in 2015

Intel welcomes Pakistan to the era of integration in 2015

Intel held the second of two-year end sessions on Thursday. The year-end sessions recapped key moments from 2014 and a look ahead at predictions for the coming year. Naveed Siraj said that it has been another breakthrough year for Intel and the IT industr
Published 13 Dec, 2014 12:00am
Man stabbed to death in Korangi

Man stabbed to death in Korangi

A man was killed in the city, here on Friday. According to police and rescue sources, Lal Khan son of Abdul Rehman was stabbed to death by unidentified men in Bilal Colony, Korangi Industrial Area (KIA). The body of the victim was shifted to Jinnah Postgr
Published 13 Dec, 2014 12:00am
NAB arrests official for holding four government jobs

NAB arrests official for holding four government jobs

National Accountability Bureau (NAB) has arrested official BPS-17 for holding four government jobs, NAB sources told APP here on Friday. "Accused namely Hizbullah Khan was attached with Balochistan Development Authority (BDA) as Site Engineer (BPS-17)," N
Published 13 Dec, 2014 12:00am
Wasan reviews security of Karachi Central Jail

Wasan reviews security of Karachi Central Jail

Sindh Prisons Minister, Manzoor Hussain Wasan on Friday visited the Ghausia Coloney and surroundings of Central Prison Karachi (CPK) to review the security arrangements. Inspector General Jails Sindh, Nusrat Hussain Mangan and other officials concerned of
Published 13 Dec, 2014 12:00am
WBDC's winter exhibition attracts visitors

WBDC's winter exhibition attracts visitors

A three-day winter exhibition organised under the auspices of Women Business Development Centre (WBDC) Peshawar received over-whelming response from the visitors. The exhibition inaugurated by innovative woman entrepreneur Nelofar Sami, the chief executiv
Published 13 Dec, 2014 12:00am
BISE Hyderabad announces revised dates

BISE Hyderabad announces revised dates

The Board of Intermediate and Secondary Education Hyderabad has announced the revised dates for submission of examination fees and examination forms for Secondary School Certificate, Part-I & II (Class-IX & X), annual examination 2015.
Published 13 Dec, 2014 12:00am
Zardari felicitates Malala

Zardari felicitates Malala

Former President Asif Ali Zardari has felicitated Malala Yousufzai as "the pride of Pakistan" who as the world's youngest Nobel laureate has sent a powerful political message that Pakistan is much more than what critics call 'the epicenter of internationa
Published 13 Dec, 2014 12:00am
Effective security: President underscores need for strategic framework

Effective security: President underscores need for strategic framework

President Mamnoon Hussain on Friday called for developing a strategic framework that encompasses all elements of national power for an effective national security policy to address the challenges confronting the nation. Addressing the closing ceremony of
Published 13 Dec, 2014 12:00am
NA-122 election: Commission on inspection of polling bags to meet Monday

NA-122 election: Commission on inspection of polling bags to meet Monday

A local commission, tasked to inspect polling bags of NA-122 election constituency of Speaker National Assembly Sardar Ayaz Sadiq, would hold its maiden meeting on Monday at Nadir Hall of District Co-ordination Officer's (DCO) office. The commission compr
Published 13 Dec, 2014 12:00am
KE extends due date of bill payments

KE extends due date of bill payments

K-Electric has extended the deadline for payments of electricity bills, which were due between 10th and 12th August (both days inclusive) to the new date of 15th December 2014. All banks have been informed to accept the late payment without any penalty, s
Published 13 Dec, 2014 12:00am
88 SU teachers, officials promoted

88 SU teachers, officials promoted

The University of Sindh (SU) has promoted 88 officials, including teaching staff and non-teaching staff from Grade 17 to Grade 20. According to a SU statement released here on Friday, the orders of promotion were distributed among officials by the Vice Ch
Published 13 Dec, 2014 12:00am
Jamaat-i-Islami to introduce uniform social system: Siraj

Jamaat-i-Islami to introduce uniform social system: Siraj

Jamaat-i-Islami (JI) chief, Siraj-ul-Haq has said that if voted to power they would introduce such a system under which a common man and prime minister would have the same standard of life and the children of all people would get unified education. He exp
Published 13 Dec, 2014 12:00am
TEVTA starts short courses to help increase job opportunities

TEVTA starts short courses to help increase job opportunities

Youth can play important role in boosting the national economy and growth of industry. TEVTA is starting three and six months duration short courses to ensure job opportunities for jobless youth. These courses are being offered with the recommendations of
Published 13 Dec, 2014 12:00am
PTI's shutdown call: LHC directs CCPO to chalk out security plan

PTI's shutdown call: LHC directs CCPO to chalk out security plan

A full bench of the Lahore High Court here on Friday directed the Capital City Police Officer (CCPO) to chalk out security plan for the city during the shutdown call of Pakistan Tehrik-e-Insaf. The court adjourned till December 15 the proceedings of a pet
Published 13 Dec, 2014 12:00am
Prime Minister urged to announce 'special' tariff for textile industry

Prime Minister urged to announce 'special' tariff for textile industry

Chairman APTMA S M Tanveer while appreciating reduction in electricity tariff by Rs 2.32 per unit from December 12, urged the PM to announce special textile industry tariff to enable it to compete regionally without any further delay. He said the latest n
Published 13 Dec, 2014 12:00am
Three-day flower exhibition opens at UAF

Three-day flower exhibition opens at UAF

The odour of intolerance and social ailments in society can be rooted out with the fragrance of brotherhood, integrity and patience, says University of Agriculture Faisalabad (UAF) Vice-Chancellor Professor Dr Iqrar Ahmad Khan. The VC along with District
Published 13 Dec, 2014 12:00am
LCCI hails decision on power tariff

LCCI hails decision on power tariff

The Lahore Chamber of Commerce and Industry (LCCI) has welcomed Rs 2.32 per unit cut in the electricity tariff and termed it good news for the industry. The LCCI President Ijaz A Mumtaz in a statement on Friday has said that the decision would help reduce
Published 13 Dec, 2014 12:00am
USAID to set up warehouses for storing vaccines in Lahore, Multan

USAID to set up warehouses for storing vaccines in Lahore, Multan

A three-member delegation of USAID headed by its Country Director in Pakistan Dr Muhammad Tariq called on Advisor to Chief Minister on Health Kh Salman Rafiq here on Friday. USAID Punjab Director Dr Nisar Cheema and Dr Inam Ullah were included in the dele
Published 13 Dec, 2014 12:00am
Sugarcane price case: KBP urges Chief Justice LHC to listen to farmers

Sugarcane price case: KBP urges Chief Justice LHC to listen to farmers

Kisan Board Pakistan (KBP) President Sadiq Khan Khakwani has appealed to the Chief Justice Lahore High Court (LHC) to listen to the point of view of farmers' organisations in the case of sugarcane price case. In a statement issued here Friday, he said far
Published 13 Dec, 2014 12:00am
Speakers call for joint efforts to combat corruption

Speakers call for joint efforts to combat corruption

The Pakistan Water and Power Development Authority (WAPDA) organized a seminar at the WAPDA House here on Friday in connection with the International Anti-Corruption Day to promote awareness about ills of corruption.
Published 13 Dec, 2014 12:00am
Shahbaz praises cut in power tariff

Shahbaz praises cut in power tariff

Punjab Chief Minister Shahbaz Sharif has said that Pakistan Muslim League-N government, led by Prime Minister Nawaz Sharif, has proved its public-friendly attitude through substantial decrease in the power tariff.
Published 13 Dec, 2014 12:00am
Ban on rice: Mexican team holds talks with officials

Ban on rice: Mexican team holds talks with officials

A two-member Mexican rice quarantine delegation comprising of Olegario Barrera and Richardo Mendoza held talks with the Pakistani authorities on the prospects of removal of ban on the import of rice from Pakistan to Mexico. The visit of the delegation has
Published 13 Dec, 2014 12:00am
PIAF lauds cut in power tariff

PIAF lauds cut in power tariff

Pakistan Industrial and Traders Associations Front (PIAF) has lauded the government's decision of recent cut in electricity prices. The PIAF Chairman Malik Tahir Javed and presidential candidate for FPCCI Mian Anjum Nisar have said that reduction in the e
Published 13 Dec, 2014 12:00am
LG unveils new range of energy-efficient appliances

LG unveils new range of energy-efficient appliances

LG Electronics unveiled its new range of energy efficient appliances including inverter air conditioner, battery TV and the ever cool refrigerator here on Friday. The products are made specifically for the Pakistani consumer providing excellent energy sav
Published 13 Dec, 2014 12:00am
MPAs demand setting up of P&H Authority in every district

MPAs demand setting up of P&H Authority in every district

Punjab Assembly members in its 11th session here on Friday discussed the annual report 2912-13 of the Parks and Horticulture Authority appreciated the authority and asked the provincial government to establish such in other districts of the province. Legi
Published 13 Dec, 2014 12:00am
Production of passenger cars increases by 20 percent in 5 months

Production of passenger cars increases by 20 percent in 5 months

Despite import of used cars in the country, production of locally assembled passenger cars increased by 20 percent ie from 44,769 to 52,238 units in the first five months of 2014-15 when compared to the corresponding period of 2013-14. The sale of cars in
Published 13 Dec, 2014 12:00am
Commercial Bank of Djibouti signs agreement with AutoSoft Dynamics

Commercial Bank of Djibouti signs agreement with AutoSoft Dynamics

AutoSoft Dynamics, an industry leader in bank automation IT solutions, has signed an agreement with Commercial Bank of Djibouti to provide its robust AutoBANKER software to automate their core banking operations in the Republic of Djibouti. The popular ba
Published 13 Dec, 2014 12:00am
Commercial Bank of Djibouti signs agreement with AutoSoft Dynamics

Commercial Bank of Djibouti signs agreement with AutoSoft Dynamics

AutoSoft Dynamics, an industry leader in bank automation IT solutions, has signed an agreement with Commercial Bank of Djibouti to provide its robust AutoBANKER software to automate their core banking operations in the Republic of Djibouti. The popular ba
Published 13 Dec, 2014 12:00am
Lockdown of Karachi: traders criticise Imran for causing economic losses

Lockdown of Karachi: traders criticise Imran for causing economic losses

Pakistan Teheek-i-Insaf's (PTI) workers' sit-ins and protest in the city on Friday caused at least Rs 15 billion losses to the economy. Commenting on the hardships faced by the citizens in the wake of PTI workers' sit-ins and protest, traders strongly cri
Published 13 Dec, 2014 12:00am
Kidney, liver transplant institute to be set up in Lahore

Kidney, liver transplant institute to be set up in Lahore

Punjab Chief Minister Shahbaz Sharif has said that an agreement has been reached for the construction of Pakistan's first Kidney and Liver Transplant Institute and Research Centre in Lahore and the Punjab government will provide a huge amount of Rs 13 bil
Published 13 Dec, 2014 12:00am
Karachi police finalise security plan for Chehlum

Karachi police finalise security plan for Chehlum

Karachi police have finalised the security arrangements regarding processions and majalis to be held on Chehlum Imam Hussain (R.A). This was informed to IGP Sindh Ghulam Haider Jamali in a report, said a statement on Friday. Report informed that police pa
Published 13 Dec, 2014 12:00am
Prime Minister condoles death of Usman Bilour

Prime Minister condoles death of Usman Bilour

Prime Minister Nawaz Sharif on Friday visited the residence of former senior minister of Awami National Party, late Bashir Bilour to condole the death of his son Usman Bilour. The Prime Minister offered Fateha for the departed soul of Usman Bilour who die
Published 13 Dec, 2014 12:00am
Government decides to abolish ERRA

Government decides to abolish ERRA

The government has decided to abolish Earthquake Reconstruction and Rehabilitation Authority (ERRA), and restrained the organisation from initiating new projects or schemes. The ERRA was established in 2005 after a massive earthquake hit Azad Jammu and Ka
Published 13 Dec, 2014 12:00am
Fodder production: stakeholders call for new research

Fodder production: stakeholders call for new research

Stakeholders from public and private sectors at a consultative meeting at the University of Veterinary and Animal Sciences (UVAS) Lahore called on new research in fodder production here on Friday.
Published 13 Dec, 2014 12:00am
Second workshop of IOT concludes

Second workshop of IOT concludes

The second five-day workshop as part of indigenous on-campus training (IOT) for administrative and non-teaching staff concluded at University of Health Sciences (UHS) here on Friday, amidst rounds of applauses and accolades by the participants. The IOT wo
Published 13 Dec, 2014 12:00am
Two killed in Arifwala

Two killed in Arifwala

At least two people were killed and four others injured in a clash between two groups over property dispute here on Friday. Police said that armed men of two groups hailing from village Blarra Arjinka in Arifwala who were in dispute over ownership of a pi
Published 13 Dec, 2014 12:00am
PTI factor 'stalls' Nadra chief's appointment

PTI factor 'stalls' Nadra chief's appointment

The government is in a fix over the appointment of new chairman of National Database and Registration Authority (Nadra) fearing that Pakistan Tehreek-e-Insaf (PTI) may object to the appointment ahead of the expected constitution of the proposed Judicial C
Published 13 Dec, 2014 12:00am
GSP Plus: exports to EU likely to cross $1.5 billion mark

GSP Plus: exports to EU likely to cross $1.5 billion mark

The country's exports to the European Union may be increased by more than $1.5 billion at the end of 2014 because of Generalised Scheme of Preferences (GSP) Plus status, it is learnt. According to recently released data by the European Commission, exports
Published 13 Dec, 2014 12:00am
New taxation plan for IT sector drafted

New taxation plan for IT sector drafted

The Ministry of Information Technology has drafted a new tax proposals for the Federal Board of Revenue (FBR) to apply discounted rate of sales tax on computer hardware and spare parts of IT companies based on the annual volume of exports, extend corporat
Published 13 Dec, 2014 12:00am
Zaeem urges PTI to ensure peaceful protest in Lahore

Zaeem urges PTI to ensure peaceful protest in Lahore

Punjab government's spokesman Syed Zaeem Hussain Qadri has on Friday said that Imran Khan will be happy to cause economic loss of billions of rupees in the biggest trade hub of the country. "How much prayers he will have earned by depriving labourers, dai
Published 13 Dec, 2014 12:00am
Trust fund: DFID, World Bank sign agreement

Trust fund: DFID, World Bank sign agreement

The Department for International Development (DFID) and the World Bank signed an agreement for establishing the 'Pakistan Accelerating Growth and Reforms Trust Fund' to help the Pakistan government implement its economic reform programme. The UK governmen
Published 13 Dec, 2014 12:00am
FPCCI chief for setting up 'industrial colonies'

FPCCI chief for setting up 'industrial colonies'

Federation of Pakistan Chamber of Commerce and Industry (FPCCI) Regional Chairman SM Naseer has urged the government to set up industrial colonies on the pattern of Japan so that factories in every district could play their role in the country's developme
Published 13 Dec, 2014 12:00am
New contract for domestic workers in Gulf

New contract for domestic workers in Gulf

Apropos 'Gulf agrees new contract for domestic workers' carried by Business Recorder on November 26, it is indeed a matter of great relief for the Asian labour community in particular that Gulf labour ministers have agreed on minimum terms in the c
Published 13 Dec, 2014 12:00am
Oil price slump sorts the hedged from the unhedged

Oil price slump sorts the hedged from the unhedged

Oil's slide to the lowest price in more than five years is carving a divide between US shale drillers who heavily hedged future production and those who didn't. While financial hedges are commonly required by many oilfield lenders, the industry's mid-size
Published 13 Dec, 2014 12:00am
Venezuela drug trade rings alarm bells

Venezuela drug trade rings alarm bells

Hidden in a large ochre-colored container, the 1.4 tonnes of cocaine got past two dozen army checkpoints during a 500-mile journey from the Colombian border to the Venezuelan capital. The drugs were stored for several days at the Simon Bolivar Internation
Published 13 Dec, 2014 12:00am
Economic loss to farmers

Economic loss to farmers

There was always this view that the Muslim league government is industrialist-friendly and inimical to the farmers. What is the issue here? The policy people in the ministry of food and agriculture are experienced enough and the minister himself is from a
Published 13 Dec, 2014 12:00am
The 'Nobel' moment

The 'Nobel' moment

By recognising that Malala Yousafzai rightfully deserved the Nobel Peace Prize the world at large has demonstrated its readiness to recast its future to make it different from its present and near past. Abounding in symbolism this award is different from
Published 13 Dec, 2014 12:00am
Let market forces determine strike price

Let market forces determine strike price

The community of stock brokers of Karachi and the office of Securities and Exchange Commission of Pakistan (SECP) have given differing viewpoints on 'how to fix strike price through the book building process'. Brokers do not want SECP to fix a cap on the
Published 13 Dec, 2014 12:00am
SPI inflation up 0.05 percent YoY

SPI inflation up 0.05 percent YoY

The weekly Sensitive Price Indicator (SPI) inflation increased by 0.05 percent during the week ended December 11, 2014. The provisional data, released by Pakistan Bureau of Statistics, shows that the SPI for the week under review was recorded at 211.25 po
Published 13 Dec, 2014 12:00am
SPI inflation up 0.05 percent YoY

SPI inflation up 0.05 percent YoY

The weekly Sensitive Price Indicator (SPI) inflation increased by 0.05 percent during the week ended December 11, 2014. The provisional data, released by Pakistan Bureau of Statistics, shows that the SPI for the week under review was recorded at 211.25 po
Published 13 Dec, 2014 12:00am
SPI inflation up 0.05 percent YoY

SPI inflation up 0.05 percent YoY

The weekly Sensitive Price Indicator (SPI) inflation increased by 0.05 percent during the week ended December 11, 2014. The provisional data, released by Pakistan Bureau of Statistics, shows that the SPI for the week under review was recorded at 211.25 po
Published 13 Dec, 2014 12:00am
''Indian executive'' exposed as jihadi tweeter

''Indian executive'' exposed as jihadi tweeter

An influential Twitter account supporting the Islamic State group was run by an executive from Bangalore in India, Britain''s Channel 4 News reported. The channel named the pro-jihad tweeter "@ShamiWitness" as "Mehdi", but did not reveal his full name as
Published 13 Dec, 2014 12:00am
'Indian executive' exposed as jihadi tweeter

'Indian executive' exposed as jihadi tweeter

An influential Twitter account supporting the Islamic State group was run by an executive from Bangalore in India, Britain's Channel 4 News reported. The channel named the pro-jihad tweeter "@ShamiWitness" as "Mehdi", but did not reveal his full name as h
Published 13 Dec, 2014 12:00am
'Indian executive' exposed as jihadi tweeter

'Indian executive' exposed as jihadi tweeter

An influential Twitter account supporting the Islamic State group was run by an executive from Bangalore in India, Britain's Channel 4 News reported. The channel named the pro-jihad tweeter "@ShamiWitness" as "Mehdi", but did not reveal his full name as h
Published 13 Dec, 2014 12:00am
German parties lose court bid to quiz Snowden in Berlin

German parties lose court bid to quiz Snowden in Berlin

Germany's top court said Friday it rejected a bid by leftist opposition parties to call former NSA contractor Edward Snowden as a witness in a parliamentary probe of US intelligence activities. The Federal Constitutional Court said in a statement it did n
Published 13 Dec, 2014 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on December 09, 2014.

Published 13 Dec, 2014 12:00am
German parties lose court bid to quiz Snowden in Berlin

German parties lose court bid to quiz Snowden in Berlin

Germany's top court said Friday it rejected a bid by leftist opposition parties to call former NSA contractor Edward Snowden as a witness in a parliamentary probe of US intelligence activities. The Federal Constitutional Court said in a statement it did n
Published 13 Dec, 2014 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on December 09, 2014.

Published 13 Dec, 2014 12:00am
Indonesian editor accused of blasphemy over IS cartoon

Indonesian editor accused of blasphemy over IS cartoon

The chief editor of a leading English-language newspaper in Muslim-majority Indonesia has been named a suspect in a blasphemy case after the publication of a cartoon about the Islamic State group, police said Friday. The Jakarta Post's Meidyatama Suryodin
Published 13 Dec, 2014 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on December 09, 2014.

Published 13 Dec, 2014 12:00am
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