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May 14, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-12-17
Sri Lankan rupee forwards steady

Sri Lankan rupee forwards steady

Sri Lankan rupee forwards closed steady on Monday as banks hesitated to sell them beyond the 132.00-per-dollar level due to moral suasion by the central bank amid mild importer dollar demand, dealers said. The four-day forwards or spot-next-next, which we
Published 17 Dec, 2014 12:00am
Tokyo stocks drop

Tokyo stocks drop

Tokyo stocks sank 2.01 percent Tuesday, following heavy losses on Wall Street and a plunge in oil prices, while a stronger yen hit exporters. The Nikkei 225 index at the Tokyo Stock Exchange shed 344.08 points to finish at 16,755.32, while the Topix index
Published 17 Dec, 2014 12:00am
European shares stage late rebound

European shares stage late rebound

European shares staged a late rebound on Tuesday as the Russian rouble recovered a good chunk of the day's losses against the dollar and oil prices also gained ground. Traders pointed to comments by US Secretary of State John Kerry, who said Russia had ma
Published 17 Dec, 2014 12:00am
Australian shares at 10-month low

Australian shares at 10-month low

Australian shares slid to a 10-month low on Tuesday as sunken commodity prices dragged resources stocks, while other industrial sectors pared losses because of their attractive yields after a selloff lasting several months. The S&P/ASX 200 index ended dow
Published 17 Dec, 2014 12:00am
South East Asian stocks extend losses

South East Asian stocks extend losses

Southeast Asian stock markets extend losses on Tuesday after a fall in the Russian rouble triggered a sell-off in emerging markets due to global risk aversion. The slump in the rouble on the back of falling oil prices and Western sanctions has sent emergi
Published 17 Dec, 2014 12:00am
Drop in UK inflation helps FTSE shrug off Russia turmoil

Drop in UK inflation helps FTSE shrug off Russia turmoil

Britain's top equity index rose on Tuesday as a drop in UK inflation propped up the stock market in the face of market turmoil caused by Russia, while energy stocks rebounded. The bluechip FTSE 100 index endured a volatile session, caused by a plunge in R
Published 17 Dec, 2014 12:00am
Yen rises in Asia

Yen rises in Asia

The yen hit a two-week high versus the dollar on Tuesday as investors shunned riskier assets, while the rouble - a major victim of plunging oil prices - rebounded after the Russian central bank hiked rates to halt its currency's collapse. The slide in oil
Published 17 Dec, 2014 12:00am
FX platform halts rouble trade

FX platform halts rouble trade

Retail currency trading platform FXCM halted trading of Russia's battered rouble on Tuesday, saying it expects major traders of the currency to stop pricing the rouble this week in anticipation of the introduction of capital controls. The rouble fell by u
Published 17 Dec, 2014 12:00am
Russia turmoil, oil slide drives FX investors to safe-havens

Russia turmoil, oil slide drives FX investors to safe-havens

Turmoil gripped global foreign exchange markets on Tuesday, driving investors to the safety of the yen and the Swiss franc as Russia's rouble went into a tailspin and oil prices fell below $60 a barrel. The big loser among actively traded G-10 currencies
Published 17 Dec, 2014 12:00am
Early trade in New York: Dollar slips against yen

Early trade in New York: Dollar slips against yen

The US dollar hovered at its lowest level against the safe-haven yen in roughly a month on Tuesday while the Russian ruble continued its plunge against the greenback after an extended drop in oil prices fuelled concerns over the global economy. The dollar
Published 17 Dec, 2014 12:00am
Dollar falls; rouble hits lows in New York

Dollar falls; rouble hits lows in New York

The Russian rouble posted its sharpest fall against the US dollar since 1998 on Monday, while the greenback slipped against the yen after a new slide in oil prices ignited concerns over the health of the global economy. The rouble weakened beyond 60 roubl
Published 17 Dec, 2014 12:00am
'Aggressive' Garcia hit with two-game ban

'Aggressive' Garcia hit with two-game ban

Roma coach Rudi Garcia has been handed a two-game touchline ban after trying to slap a steward at the end of his side's win at Genoa, Serie A officials announced Tuesday. League disciplinary officials issued several sanctions following the weekend's match
Published 17 Dec, 2014 12:00am
Turkish lira hits new record low

Turkish lira hits new record low

Turkey's currency the lira hit a new record low on Tuesday as investors moved out of emerging markets amid the collapse of the Russian ruble and fretted over the impact of raids against Turkish opposition media. The lira hit a record low in value of 2.41
Published 17 Dec, 2014 12:00am
Asian forex: Rupiah rises from 16-year low

Asian forex: Rupiah rises from 16-year low

The Indonesian rupiah gained some respite after hitting a 16-year low on Tuesday, buoyed by central bank intervention and short-covering. The rupiah's fall had accelerated since Friday in thin year-end trading conditions, with analysts attributing the mov
Published 17 Dec, 2014 12:00am
Indian rupee tumbles

Indian rupee tumbles

The rupee hit 13-month lows and bonds plunged as markets in the region tumbled on fears about the global economy, raising doubts about whether India can afford to cut interest rates given risks that such a move could trigger foreign outflows. Benchmark 10
Published 17 Dec, 2014 12:00am
Sterling hits three-week high versus dollar

Sterling hits three-week high versus dollar

Sterling was among the biggest winners against the dollar on Tuesday, hitting a three-week high in a day of turmoil when Russia's rouble plunged by as much as 25 percent as oil prices slid below $59 per barrel. The pound also got a boost when Bank of Engl
Published 17 Dec, 2014 12:00am
Australian New Zealand dollar down

Australian New Zealand dollar down

The Australian dollar fell to 4-1/2-year lows on Tuesday, while the New Zealand dollar struggled as growth concerns in China and plunging oil prices encouraged investors to buy the safe haven yen. The Australian dollar was at $0.8222, having touched $0.82
Published 17 Dec, 2014 12:00am
Dhoni has no fears for India on pacy Gabba pitch

Dhoni has no fears for India on pacy Gabba pitch

Mahendra Singh Dhoni said Tuesday he is unconcerned by India's losing record at the Gabba and backed his team to do well on fast wickets in the second Test against Australia. Wicketkeeper Dhoni, who will return from injury to lead the tourists in Wednesda
Published 17 Dec, 2014 12:00am
JS Bank supports revival of international cricket

JS Bank supports revival of international cricket

JS Bank limited (JSBL) has sponsored a cricket series between Pakistan A and Kenya cricket team to help revive international cricket in Pakistan. The five match one-day series will be played in Lahore at Qaddafi Stadium. It is the first time that any inte
Published 17 Dec, 2014 12:00am
Thierry Henry retires

Thierry Henry retires

Former Arsenal and French striker Thierry Henry announced Tuesday he was retiring from football after a glittering two decades long career and will become a TV analyst for Sky Sports in England. "After 20 years in the game I have decided to retire from pr
Published 17 Dec, 2014 12:00am
Pakistan look to clinch New Zealand one-day series

Pakistan look to clinch New Zealand one-day series

Stand-in captain Shahid Afridi is hoping Pakistan can maintain their winning momentum and seal the series against New Zealand in the fourth one-day match in Abu Dhabi on Wednesday. Pakistan lead the five-match series 2-1 after winning the first match in D
Published 17 Dec, 2014 12:00am
ADB approves $42.9 million loan for irrigation schemes in Fata

ADB approves $42.9 million loan for irrigation schemes in Fata

The Asian Development Bank (ADB) has approved a loan of $42.9 million to provide reliable irrigation for farmlands and non-cultivated lands in the Federally Administered Tribal Areas (Fata) in Pakistan. "Irrigated farmlands in Fata will boost productivity
Published 17 Dec, 2014 12:00am
July-November FDI posts 19 percent increase

July-November FDI posts 19 percent increase

Foreign Direct Investment (FDI) posted a healthy growth of 19 percent during the first five months of this fiscal year, ie, FY15. According to State Bank of Pakistan (SBP), FDI surged to $423 million in July-November FY15 compared to $355 million in the s
Published 17 Dec, 2014 12:00am
July-November FDI posts 19 percent increase

July-November FDI posts 19 percent increase

Foreign Direct Investment (FDI) posted a healthy growth of 19 percent during the first five months of this fiscal year, ie, FY15. According to State Bank of Pakistan (SBP), FDI surged to $423 million in July-November FY15 compared to $355 million in the s
Published 17 Dec, 2014 12:00am
Chrysler changes name to FCA US

Chrysler changes name to FCA US

US automaker Chrysler unveiled Tuesday its new name, FCA US, reflecting its subsidiary status to Italian parent Fiat Chrysler Automobiles. Until now, the company, the smallest of the "Big Three" US automakers including General Motors and Ford Motor, was k
Published 17 Dec, 2014 12:00am
Chrysler changes name to FCA US

Chrysler changes name to FCA US

US automaker Chrysler unveiled Tuesday its new name, FCA US, reflecting its subsidiary status to Italian parent Fiat Chrysler Automobiles. Until now, the company, the smallest of the "Big Three" US automakers including General Motors and Ford Motor, was k
Published 17 Dec, 2014 12:00am
Chrysler changes name to FCA US

Chrysler changes name to FCA US

US automaker Chrysler unveiled Tuesday its new name, FCA US, reflecting its subsidiary status to Italian parent Fiat Chrysler Automobiles. Until now, the company, the smallest of the "Big Three" US automakers including General Motors and Ford Motor, was k
Published 17 Dec, 2014 12:00am
THE RUPEE: all-round decline

THE RUPEE: all-round decline

An all-round slide was seen on the currency market on Tuesday as the rupee tended lower versus the dollar and euro, dealers said. The rupee drifted lower as it shed 14-paisa against the dollar for buying and selling at Rs 100.48 and Rs 100.50 respectively
Published 17 Dec, 2014 12:00am
Afghanistan to resume talks with Taliban in Qatar next week

Afghanistan to resume talks with Taliban in Qatar next week

The government of Afghanistan is expecting to resume peace talks with the Taliban group in Qatar in the near future. An official in Afghan High Peace Council (AHPC) has confirmed that the talks are likely to resume with the Taliban group within the next o
Published 17 Dec, 2014 12:00am
THE RUPEE: all-round decline

THE RUPEE: all-round decline

An all-round slide was seen on the currency market on Tuesday as the rupee tended lower versus the dollar and euro, dealers said. The rupee drifted lower as it shed 14-paisa against the dollar for buying and selling at Rs 100.48 and Rs 100.50 respectively
Published 17 Dec, 2014 12:00am
Terrorists had no intention of taking anyone hostage: DG ISPR

Terrorists had no intention of taking anyone hostage: DG ISPR

Director General (DG) Inter Services Public Relations (ISPR) Major-General Asim Bajwa on Tuesday said the terrorists who attacked Army Public School in Peshawar wanted to cause maximum life losses and they had 'no intention' of taking anyone hostage to pu
Published 17 Dec, 2014 12:00am
Balochistan will become land of peace: CoAS

Balochistan will become land of peace: CoAS

Chief of Army Staff (CoAS) General Raheel Sharif on Tuesday said a handful of elements spreading hatred and terrorism in Balochistan would be defeated completely and the province would soon become a land of peace. Addressing the passing out parade of Balo
Published 17 Dec, 2014 12:00am
Power consumers not overcharged during July, 2014, IHC told

Power consumers not overcharged during July, 2014, IHC told

The electricity consumers have not been overcharged during July, 2014. The Ministry of Water and Power (MoWP) on Tuesday stated this while submitting a written reply to the Islamabad High Court in a petition filed by top brass of the PTI including Asad Um
Published 17 Dec, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (December 16, 2014).

Published 17 Dec, 2014 12:00am
Business community condemns Peshawar attack

Business community condemns Peshawar attack

Business community strongly condemned the gory and coward terrorist attack on an Army Public School in Peshawar on Tuesday that left at least 142 students and others dead. They said that were deeply shocked by the gory attack on the school. It's horrifyin
Published 17 Dec, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (December 16, 2014).

Published 17 Dec, 2014 12:00am
Afghan Taliban condemn attack

Afghan Taliban condemn attack

Afghan Taliban on Tuesday condemned the deadly attack on the army school in Peshawar which killed 141 people including 132 students. "The Islamic Emirate of Afghanistan is shocked at the incident and share the pain of the families of the children died in
Published 17 Dec, 2014 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (December 16, 2014).

Published 17 Dec, 2014 12:00am
Call for vigorous electoral reforms to avert political instability

Call for vigorous electoral reforms to avert political instability

Representatives of various political parties and the United Nations Development Program (UNDP) called for vigorous electoral reforms to improve the quality of electoral process and to avert political instability in the country. They were speaking at the l
Published 17 Dec, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (December 16, 2014)

Published 17 Dec, 2014 12:00am
Karachi customs issues 'guideline value' to fleece importers

Karachi customs issues 'guideline value' to fleece importers

The customs officials in Karachi have adopted an illegal practice to increase revenue collection on imports by issuing 'guideline customs value' meant for the assessment of imported consignment to charge higher rates of duties/taxes as compared to actual
Published 17 Dec, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (December 16, 2014) and for Wednesday (December 17, 2014).
Published 17 Dec, 2014 12:00am
Martyrdom day of BB: PPP Punjab finalises arrangements for December 27

Martyrdom day of BB: PPP Punjab finalises arrangements for December 27

A high level meeting of the PPP Punjab held here on Tuesday with President Punjab Mian Manzoor Ahhmed Wattoo in the chair to finalise the arrangements regarding the observance of martyrdom day of Shaheed Benazir Bhutto at Liaqat Bagh, Rawalpindi on Decemb
Published 17 Dec, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (December 16, 2014).

Published 17 Dec, 2014 12:00am
Olson calls for strengthening people-to-people contact

Olson calls for strengthening people-to-people contact

US Ambassador to Pakistan, H.E. Richard G. Olson, on Tuesday urged Pakistani students to play their proactive role to strengthen people-to-people contacts between Pakistan and the United States, adding that the US universities were eager to welcome talent
Published 17 Dec, 2014 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 17 Dec, 2014 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 17 Dec, 2014 12:00am
Auto sector imperatives

Auto sector imperatives

It is a matter of great concern that cars assembled/produced in Pakistan do not meet international standards and buyers are generally fleeced for want of a choice. According to a report in this newspaper on 9th December, 2014, Engineering Development Boar
Published 17 Dec, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (December 16, 2014).

Published 17 Dec, 2014 12:00am
Plan-D: Think before you leap

Plan-D: Think before you leap

With one more shutdown, this one to be countrywide on Thursday, the Pakistan Tehreek-e-Insaf will have completed its Plan-C. The one in Lahore, on Monday, was indeed a big success, not because it was widely observed, but for it being generally peaceful un
Published 17 Dec, 2014 12:00am
The Weather

The Weather

The weather report on Tuesday (December 16, 2014) and the forecast for Wednesday (December 17, 2014).

Published 17 Dec, 2014 12:00am
Interesting times?

Interesting times?

Last week was an eventful week for Pakistan. Much good and bad happened. The country experienced political turbulence of a different nature. This time PTI opted to escalate its four months process of protests by making standstill the cities of Faisalabad,
Published 17 Dec, 2014 12:00am
Position vindicated by SBP

Position vindicated by SBP

I wrote an article under the title "The true budget deficit" carried by this newspaper on October 13, 2014, which was written in response to the government's claim that it succeeded in bringing budget deficit down from 8.0 percent of GDP in 2012-13 to 5.5
Published 17 Dec, 2014 12:00am
Pentagon weighs US funding bill impact on terrorism fight

Pentagon weighs US funding bill impact on terrorism fight

The Pentagon is scrambling to assess the impact of Congress' decision last week to approve only a third of the requested funding on the US counterterrorism fight in Syria and Africa, the department's budget chief said on Monday. An appropriations bill app
Published 17 Dec, 2014 12:00am
Lahore shutdown: lessons for PML-N

Lahore shutdown: lessons for PML-N

Apropos "[Lahore] shutdown adds to government's ambivalence, PTI's hyperactivism" carried by Business Recorder yesterday, one needs to commend both Imran Khan and the Punjab government for protecting the peace of Punjab's capital where people were
Published 17 Dec, 2014 12:00am
Cement prices reduced

Cement prices reduced

Amid reduction in some input costs, especially petroleum and coal prices, the cement industry has reduced prices of cement bag by Rs 5 to Rs 23. As per the details, Bestway cement has reduced prices per bag from Rs 502 to Rs 492, Dewan from Rs 510 to Rs 4
Published 17 Dec, 2014 12:00am
Pakistan ranked 86th on IPR Index

Pakistan ranked 86th on IPR Index

Pakistan is ranked at the 86th position out of 97 countries in the International Property Rights Index (IPRI) as compared to other countries of the region including India at 46, Sri Lanka at 59, Nepal at 78, and Bangladesh at 96 while Malaysia at 27 and T
Published 17 Dec, 2014 12:00am
Passengers of commercial vehicle insured: RTA

Passengers of commercial vehicle insured: RTA

Every citizen travelling by commercial transport is insured and in case of accident, the deceased or injured persons can avail compensation. This was stated by District Secretary Regional Transport Authority (RTA) Altaf Khosa while talking to APP here Tue
Published 17 Dec, 2014 12:00am
NUML students spend day out with Army

NUML students spend day out with Army

A group of 100 students and seven faculty members from National University of Modern Languages (NUML) Lahore spent a day out with Pakistan Army at Lahore Garrison. The daylong programme, was specifically organised to enlighten students on routine function
Published 17 Dec, 2014 12:00am
Punjab government ensures modern health facilities to the poor: minister

Punjab government ensures modern health facilities to the poor: minister

Punjab Finance Minister Mujtaba Shuja-ur-Rehman has said that by increasing the health budget up to Rs 121.80 billion, the Punjab government has ensured modern health facilities and free medicines to the poor. He expressed these views while talking to a d
Published 17 Dec, 2014 12:00am
Farmers to attend PML-Q's public moot on December 21: PKI

Farmers to attend PML-Q's public moot on December 21: PKI

Central Chairman of Pakistan Kissan Ittehad Chaudhry Mohammad Anwar along with other office-bearers during a meeting with PML-Q senior leader Chaudhry Parvez Elahi has announced that the farmers would fully and actively participate in the PML-Q public mee
Published 17 Dec, 2014 12:00am
Seminar

Seminar

Punjab University Department of History has organised a seminar and declamation contest on fall of Dhaka here on Tuesday. Chairman Department of History Professor Dr Muhammad Iqbal Chawla, Students Advisor Mahboob Hussain, faculty members and a large numb
Published 17 Dec, 2014 12:00am
PTI's protest caused Rs 20 billion loss to economy: PML-N

PTI's protest caused Rs 20 billion loss to economy: PML-N

Pakistan Muslim League-Nawaz (PML-N) senior leader Pervaiz Malik has said that traders' community rejected the strike call of the Pakistan Tehreek-e-Insaf (PTI) and kept the businesses open and out of 160 markets of the provincial metropolis, 90 percent m
Published 17 Dec, 2014 12:00am
Research on termites acknowledged

Research on termites acknowledged

Punjab University Department of Zoology's 95-year-old professor emeritus Professor Dr Muzaffar Ahmad's decades old research on termites has now been prominently highlighted in the "Treatise on the Isoptera on the World.' Punjab University Vice Chancellor
Published 17 Dec, 2014 12:00am
GIC set up at Khizerabad livestock experiment station

GIC set up at Khizerabad livestock experiment station

Punjab Livestock and Dairy Development Board (PLDDB) has set up a Genetic Improvement Centre (GIC) at livestock experiment station, Khizarabad with the objective to preserve and propagate the pure Sahiwal cow breed for better milk and meat production in t
Published 17 Dec, 2014 12:00am
Technical & vocational trades: NAVTTC prepares 21 more curricula

Technical & vocational trades: NAVTTC prepares 21 more curricula

National Vocational and Technical Training Commission (NAVTTC) has prepared 21 more curricula of technical and vocational trades. These trades included Computer Aided Design (CAD)/ Computer Assisted Manufacturing (CAM) Operator, Ceramics, Machinist, Auto
Published 17 Dec, 2014 12:00am
Security in Islamabad beefed up

Security in Islamabad beefed up

Security in the federal capital was put on high alert on Tuesday after the brazen terrorist attack on a school in Peshawar to thwart any possible terrorist attack. "Authorities put the capital police and other relevant agencies on red alert in the city pa
Published 17 Dec, 2014 12:00am
Malala 'heartbroken' by school slayings

Malala 'heartbroken' by school slayings

Nobel peace laureate Malala Yousafzai, who was shot in the head by the Taliban in 2012, said she was "heartbroken" by "the senseless and cold blooded killing" of scores of children by Taliban militants Tuesday in Pakistan. "I am heartbroken by this sensel
Published 17 Dec, 2014 12:00am
Pakistan Missions abroad to observe three-day mourning

Pakistan Missions abroad to observe three-day mourning

In the wake of the horrendous terrorist attack in Peshawar, and the resultant loss of innocent lives, all Pakistan Missions abroad have been instructed to observe three-day mourning. According to Foreign Office spokesperson Tasnim Aslam, the national flag
Published 17 Dec, 2014 12:00am
Punjab chief minister calls for national unity

Punjab chief minister calls for national unity

-Federal Minister for Food Security, Sikandar Bosan met Punjab CM Muhammad Shahbaz Sharif, here Tuesday. During the meeting, Peshawar tragedy and the situation of the country was discussed. Speaking on the occasion, CM said that the country is passing thr
Published 17 Dec, 2014 12:00am
KP leaders condemn school attack

KP leaders condemn school attack

Leaders of ruling Pakistan Tehreek-i-Insaf and opposition parties strongly deplored the armed militants attack on Warsak road school in Peshawar, termed it's a barbaric and cowardly act. PTI Provincial president, Azam Swati and Women wing provincial presi
Published 17 Dec, 2014 12:00am
Qadri demands 'ruthless' military operation against terrorists

Qadri demands 'ruthless' military operation against terrorists

Chairman of Pakistan Awami Tehreek (PAT), Dr Muhammad Tahir-ul-Qadri, has demanded ruthless military operation to eliminate terrorists and urged all the political parties who supported dialogue with TTP to adopt the policy of PAT and unite against them, s
Published 17 Dec, 2014 12:00am
PBC to observe countrywide strike today

PBC to observe countrywide strike today

Pakistan Bar Council (PBC) has announced country-wide complete strike on Wednesday to record their protest against cruel terrorist attack at Army Public School, Peshawar. Vice-Chairman PBC Burhan Moazzam Malik in his statement issued here on Tuesday said
Published 17 Dec, 2014 12:00am
Delay in NISP implementation contributes to worsening security: experts

Delay in NISP implementation contributes to worsening security: experts

Security experts on Tuesday said that the delay in implementation of National Internal Security Policy (NISP) and activation of National Counter Terrorism Authority (Necta) contributed to the worsening internal security situation. They said that the secur
Published 17 Dec, 2014 12:00am
FO condemns carnage

FO condemns carnage

The people of Pakistan are deeply shocked and grieved at the despicable act of terrorism in a Peshawar school and such cowardly acts cannot weaken the resolve of the people of Pakistan, the government, and the Armed forces to combat all terrorists, said F
Published 17 Dec, 2014 12:00am
PML-Q leaders term killings national tragedy

PML-Q leaders term killings national tragedy

Pakistan Muslim League-Q (PML-Q) President and former prime minister senator Chaudhry Shujaat Hussain and senior central leader and former Deputy Prime Minister Chaudhry Parvez Elahi have expressed their heartfelt deep sorrow and grief over heinous attack
Published 17 Dec, 2014 12:00am
JI leaders condemn attack

JI leaders condemn attack

Chief of Jamaat-i-Islami, Pakistan Sirajul Haq, and Secretary General, Liaqat Baloch strongly condemned the terrorist attack at a school on Tuesday. He said this is a big tragedy for the Pakistani and the whole country stands with the families of the vict
Published 17 Dec, 2014 12:00am
HRCP slams Peshawar school massacre

HRCP slams Peshawar school massacre

The Human Rights Commission of Pakistan (HRCP) Tuesday called the killing, of more than 120 children, in a Taliban attack on an army-run school in Peshawar a national tragedy and it must open the eyes of anyone still harbouring any doubts that Taliban and
Published 17 Dec, 2014 12:00am
Zardari condemns attack

Zardari condemns attack

Former President Asif Ali Zardari has denounced the militants' attack on the school in Peshawar killing over 130 innocent children as 'most barbaric, atrocious and inhuman that will hang the heads of every civilised person. In a statement denouncing the i
Published 17 Dec, 2014 12:00am
Lahore markets to remain closed today

Lahore markets to remain closed today

Traders of Lahore announced to close markets on Wednesday (today) in order to mourn deaths of 130 people who were killed in a terrorist attack at a school in Peshawar on Tuesday. While talking to Business Recorder trader leaders belonging to differ
Published 17 Dec, 2014 12:00am
Bar Association to boycott courts

Bar Association to boycott courts

District Bar Association expressed their sorrow and grief over Peshawar tragedy and unanimously decided to close down their work on Wednesday and boycott the court attendance as a mark of protest and condemnation of the brutal killing of the students and
Published 17 Dec, 2014 12:00am
Prime Minister underscores need for producing low-cost energy

Prime Minister underscores need for producing low-cost energy

Prime Minister Nawaz Sharif has said that more efforts must be made in order to produce energy at low cost making it affordable for the common man. He was chairing meeting of the Cabinet Committee on Energy in Islamabad on Tuesday. The Prime Minister appr
Published 17 Dec, 2014 12:00am
SCCI's vegetable storage centre at Sialkot Airport under study

SCCI's vegetable storage centre at Sialkot Airport under study

Business community is considering establishing "Food, meat and Vegetable cold storage" centre at Sialkot International Airport. The step was being taken for opening new avenue for exports and could be the source of quantum leap in export from Sialkot.
Published 17 Dec, 2014 12:00am
MoP told to formulate indiscriminate gas supply policy

MoP told to formulate indiscriminate gas supply policy

The Islamabad High Court (IHC) on Tuesday directed the Ministry of Petroleum (MoP) for formulation of an indiscriminate gas supply policy to all sectors, including CNG. A single member bench led by Justice Athar Minallah heard a petition filed by the owne
Published 17 Dec, 2014 12:00am
Execution of fish harbour's master plan marred by lack of funds

Execution of fish harbour's master plan marred by lack of funds

The non-provision of funds by the Sindh government hinders development of the country's largest fish harbour and delays execution of master plan for one more year, officials told Business Recorder on Tuesday. "The Sindh government had earmarked Rs
Published 17 Dec, 2014 12:00am
ADB approves $42.9 million loan for irrigation schemes in Fata

ADB approves $42.9 million loan for irrigation schemes in Fata

The Asian Development Bank (ADB) has approved a loan of $42.9 million to provide reliable irrigation for farmlands and non-cultivated lands in the Federally Administered Tribal Areas (Fata) in Pakistan. "Irrigated farmlands in Fata will boost productivity
Published 17 Dec, 2014 12:00am
Romania's prime minister gives up PhD plagued by plagiarism claims

Romania's prime minister gives up PhD plagued by plagiarism claims

Romania's Prime Minister Victor Ponta said Tuesday he'll give up his doctorate in law after years of being accused of plagiarising swathes of his PhD thesis, however he admitted no wrongdoing. "I should have made this gesture earlier, as soon as the publi
Published 17 Dec, 2014 12:00am
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