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Dec 04, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-12-17
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
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
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
'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
Silver medallist Pakistan hockey team back home

Silver medallist Pakistan hockey team back home

Pakistan hockey team on Tuesday returned home from India through Wagah border after clinching silver at the Champions Trophy after 16 years. PHF president Akhtar Rasool Chaudhry, general secretary Rana Mujahid Ali and former hockey players received the pl
Published 17 Dec, 2014 12:00am
Djokovic, Federer resist surge of new wave

Djokovic, Federer resist surge of new wave

Stan Wawrinka and Marin Cilic enjoyed breakthrough triumphs at the Australian and US Opens, but at the end of 2014 it was business as usual for Novak Djokovic and Roger Federer Djokovic was world number one for the third time in four years after winning a
Published 17 Dec, 2014 12:00am
Pirlo named Italy's best for third straight year

Pirlo named Italy's best for third straight year

Juventus midfielder Andrea Pirlo claimed Serie A's player of the year award for the third consecutive year during a gala event on Monday organised by the Association of Italian Footballers. The 34-year-old playmaker celebrated alongside former Juve handle
Published 17 Dec, 2014 12:00am
Dilshan batters England with bat and ball as Sri Lanka win series

Dilshan batters England with bat and ball as Sri Lanka win series

Tillakaratne Dilshan smashed a century and grabbed three wickets in his 300th one-day international as Sri Lanka whipped England by 87 runs in the seventh and final match in Colombo on Tuesday. Dilshan passed the 9,000-run mark in one-day cricket on his w
Published 17 Dec, 2014 12:00am
Study says countries lost $1 trillion to corruption in 2012

Study says countries lost $1 trillion to corruption in 2012

A global anti-corruption group said Monday that nearly $1 trillion was illicitly drained from developing countries in 2012, representing a record level of corruption, money laundering and false trade documentation. The Washington-based group Global Financ
Published 17 Dec, 2014 12:00am
Sweden launches website to combat child sex tourism

Sweden launches website to combat child sex tourism

Swedish police launched an Internet site on Tuesday to help crack down on Swedes travelling abroad for sex with minors. Resekurage.se - which means "travel courage" - encourages Swedes travelling to destinations such as Thailand, Cambodia and Sri Lanka kn
Published 17 Dec, 2014 12:00am
US urges caution as Palestinians bid for UN vote

US urges caution as Palestinians bid for UN vote

The United States called for caution on Tuesday as Palestinians seek to push their hopes for statehood to the top of the UN agenda ahead of Israeli elections. Top US diplomat John Kerry said nothing should be allowed to get in the way of preparations for
Published 17 Dec, 2014 12:00am
Ukraine's Poroshenko hails first full overnight truce in rebel east

Ukraine's Poroshenko hails first full overnight truce in rebel east

Ukraine's separatist east passed the night into Tuesday without any shooting, President Petro Poroshenko said, hailing the first such stretch of calm as a positive signal for the next steps in a peace plan. Army chief of staff Viktor Muzhenko also stresse
Published 17 Dec, 2014 12:00am
Obama will sign Russia sanctions bill: White House

Obama will sign Russia sanctions bill: White House

US President Barack Obama will sign into law a bill passed by Congress to tighten sanctions against Russia over its actions in Ukraine, the White House said Tuesday, amid a dramatic run on the ruble. "The president does intend to sign the bill," spokesman
Published 17 Dec, 2014 12:00am
Sanctions depend on Putin's choices in Ukraine: Kerry

Sanctions depend on Putin's choices in Ukraine: Kerry

US and European sanctions against Russia could be lifted within days if President Vladimir Putin made the right choices in Ukraine, top US diplomat John Kerry said Tuesday. Kerry told reporters that the sanctions which have shaken confidence in Russia's e
Published 17 Dec, 2014 12:00am
Dozen injured in American Airlines turbulence

Dozen injured in American Airlines turbulence

An American Airlines flight from Seoul to Dallas was forced to make an emergency landing in Tokyo early Wednesday after a dozen people were injured during turbulence, a report said. Flight AA280, carrying 240 passengers and 15 crew, was diverted to Japan'
Published 17 Dec, 2014 12:00am
California needs 11 trillion gallons of water: NASA

California needs 11 trillion gallons of water: NASA

California needs 11 trillion gallons of water to recover from its three-year drought, the US space agency said Tuesday after studying water resources by using satellite data. The first of its kind calculation of how much groundwater would end the drought
Published 17 Dec, 2014 12:00am
Nearly 200 dead as Syria bases lost to al Qaeda

Nearly 200 dead as Syria bases lost to al Qaeda

Nearly 200 combatants on both sides were killed in 24 hours when the Syrian branch of al Qaeda took two regime bases in Idlib province, a monitoring group said on Tuesday. The Syrian Observatory for Human Rights, which is based in Britain but gleans its i
Published 17 Dec, 2014 12:00am
Syrian refugees arrive in Sweden aboard private jet

Syrian refugees arrive in Sweden aboard private jet

Swedish police have arrested two Egyptian men and a Lebanese woman for illegally transporting asylum seekers into the country aboard a private jet, the police said Tuesday. The Cessna jet, registered to an Egyptian company, landed in Malmoe airport Monday
Published 17 Dec, 2014 12:00am
Turkish soccer coup trial draws concern over judiciary

Turkish soccer coup trial draws concern over judiciary

Thirty-five Turkish soccer fans went on trial on Tuesday accused of attempting to stage a coup during mass protests last year, in a case the opposition and rights groups say is an abuse of the justice system by a government bent on revenge. Prosecutors ar
Published 17 Dec, 2014 12:00am
Forced to pay for content, Google News closes in Spain

Forced to pay for content, Google News closes in Spain

US giant Google on Tuesday shut down its popular online news service in Spain in protest at a new law which would make it pay for content. "We're incredibly sad to announce that, due to recent changes in Spanish law, we have removed Spanish publishers fro
Published 17 Dec, 2014 12:00am
Apple prevails in iPod antitrust suit

Apple prevails in iPod antitrust suit

A US jury on Tuesday found in Apple's favour in a $350 million lawsuit that accused the tech giant of illegally forcing iPod users to purchase their music on its iTunes service. After a trial which dramatically featured testimony from late Apple founder S
Published 17 Dec, 2014 12:00am
Yemen car bomb attack kills 25

Yemen car bomb attack kills 25

A suicide car bomb attack in central Yemen targeting a Shia militia leader killed 25 people including 15 children on Tuesday, security and medical sources said. The children were killed when their school bus was caught up in the attack targeting the home
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
ICE cotton inches up on expectations of more mill buying

ICE cotton inches up on expectations of more mill buying

Cotton futures rose for the third straight session on Monday to settle at their highest in a month on expectations of further mill buying, prompting investors to cover short positions as the market moved from harvest season lows. The most-active March cot
Published 17 Dec, 2014 12:00am
Palm oil down

Palm oil down

Malaysian palm oil futures fell for a third day on Tuesday and slide to their weakest in nearly two weeks, as crude deepened its sharp drop and volatility in emerging Asian markets turned investors wary. Brent crude fell as low as $59.02, its weakest leve
Published 17 Dec, 2014 12:00am
Raw sugar falls to 2-1/2-month low

Raw sugar falls to 2-1/2-month low

Raw sugar on ICE dropped to a 2-1/2-month low on Tuesday, falling for a fourth straight session on pressure from the oil price slump, while arabica coffee fell as Brazil's weak currency attracted investor liquidation and producer selling. Cocoa prices ros
Published 17 Dec, 2014 12:00am
Wheat up two percent

Wheat up two percent

Chicago Board of Trade wheat futures rose 2 percent on Monday on a mix of chart-based buying and uncertainty over Russian grain export policy, traders said. Soybeans fell, pressured by a monthly industry report showing a smaller-than-expected November soy
Published 17 Dec, 2014 12:00am
Rubber down

Rubber down

Benchmark Tokyo rubber futures ended down 1 percent on Tuesday, paring a near-7-percent gain over the past two sessions, as the slowdown in China's factory sector activity and a stronger yen hurt market sentiment, dealers said. The Tokyo Commodity Exchang
Published 17 Dec, 2014 12:00am
Shanghai copper slips

Shanghai copper slips

The most-traded February copper contract on the Shanghai Futures Exchange slipped by 1.4 percent to 45,880 yuan ($7,407) a tonne on Tuesday after factory growth in top metals consumer China shrank in December for the first time in seven months, further cu
Published 17 Dec, 2014 12:00am
Aluminium, copper prices dented by Chinese data

Aluminium, copper prices dented by Chinese data

Aluminium prices hit their lowest in two months on Tuesday, while copper also slid after poor industrial data from China, the world's biggest metals consumer, and a further fall in oil prices. Activity in China's factory sector contracted in December for
Published 17 Dec, 2014 12:00am
US oil off lows, trade choppy near options expiry

US oil off lows, trade choppy near options expiry

US crude oil futures bounced off 5-1/2-year lows on Tuesday, and hovered around $55 a barrel in volatile trading near that price, with US options set to expire later in the day. Global benchmark Brent crude also pared losses after plumbing a July 2009 low
Published 17 Dec, 2014 12:00am
Gold up in Asia

Gold up in Asia

Gold edged higher on Tuesday, aided by a softer dollar, after falling more than 2 percent in the prior session in its deepest slide in over a year following a sustained slump in oil prices. Apart from oil, investors are eyeing the Federal Reserve's two-da
Published 17 Dec, 2014 12:00am
Gold falls in New York

Gold falls in New York

Gold fell more than 2 percent to one-week lows on Monday for its weakest session so far this year after a late sell-off triggered by oil's continued rout and a stronger dollar ahead of the key Federal Reserve meeting later in the week. Bullion prices had
Published 17 Dec, 2014 12:00am
Gold jumps in Europe

Gold jumps in Europe

Gold jumped 2 percent on Tuesday after its biggest one-day drop this year, as the dollar slid and investors sought safe havens as oil plunged and an emergency rate hike by Russia failed to stabilise the rouble. The dollar index fell 0.7 percent, its bigge
Published 17 Dec, 2014 12:00am
US MIDDAY: wheat climbs

US MIDDAY: wheat climbs

Wheat prices on the Chicago Board of Trade climbed to a six-month high on Tuesday as the market focused on whether Russia will curb exports as a result of pressure on the rouble. Soyabeans fell to a one-week low on improving South American crop prospects
Published 17 Dec, 2014 12:00am
US MIDDAY: gold gives up gains

US MIDDAY: gold gives up gains

Gold surrendered earlier gains in a midday trade on Tuesday to slide back below $1,200 an ounce as the dollar came off lows and European stock markets rebounded nearly 2 percent. Spot gold was at $1,992.69 an ounce at 1633 GMT, little changed on the day,
Published 17 Dec, 2014 12:00am
ICMAP holds conference to portray corporate image of Pakistan

ICMAP holds conference to portray corporate image of Pakistan

The Institute of Cost and Management Accountants of Pakistan (ICMAP) organised a Business Professional Conference to portray corporate image of Pakistan to the world and motivate the entrepreneurs for business growth, enhance the confidence of the investo
Published 17 Dec, 2014 12:00am
International moot on environment begins at GCU

International moot on environment begins at GCU

A two-day international conference on "environment and sustainable development" began Tuesday at the Government College University, Lahore under the auspices of the university's Sustainable Development Study Centre (SDSC) and Higher Education Commission (
Published 17 Dec, 2014 12:00am
Clover Pakistan

Clover Pakistan

Incorporated in 1986 as a public limited company, Clover Pakistan Limited is involved in the manufacturing, marketing and distribution of food and other personal care products.
Published 17 Dec, 2014 12:00am
Clover Pakistan

Clover Pakistan

Incorporated in 1986 as a public limited company, Clover Pakistan Limited is involved in the manufacturing, marketing and distribution of food and other personal care products.
Published 17 Dec, 2014 12:00am
Spectrum Y&R wins award

Spectrum Y&R wins award

Spectrum Y&R recently announced that the agency has once again won the award for Pakistan "Creative Agency of the Year". Last year, the agency won a Silver Award and this year a Bronze. The award was announced by Campaign South Asia Agency of the Year Awa
Published 17 Dec, 2014 12:00am
Sugarcane growers protest against non-payment

Sugarcane growers protest against non-payment

Sugarcane growers of the district Shaheed Benazirabad staged demonstration against non-payment of their supplied sugar cane at the rate announced by Sindh Chief Minister Syed Qaim Ali Shah and Agriculture Minister recently, on Tuesday. Growers Muhammad Sa
Published 17 Dec, 2014 12:00am
Pharma firms under pressure due to low profitability

Pharma firms under pressure due to low profitability

Continued inconsistency in the pricing policy and arbitrary working of the Drug Regulatory Authority of Pakistan (DRAP) has put local and foreign pharmaceutical firms under pressure due to low profitability, resulting in steep decline in investments and s
Published 17 Dec, 2014 12:00am
Seminar on protection of women rights held

Seminar on protection of women rights held

Policy makers, legislators, researchers, lawyers, judges, civil society organisations and activists who participated in a seminar organised by National Commission on the Status on Women entitled "Combating Violence: Ending Impunity" underlined the need fo
Published 17 Dec, 2014 12:00am
Dr Afia's sister concerned over lack of communication

Dr Afia's sister concerned over lack of communication

Dr Fauzia Siddiqi, sister of Dr Aafia Siddiqi has expressed her serious concern about the well being of her sister in US jail. In a statement on Tuesday, Dr Fauzia said it has been nine months that they have no idea if she is alive or dead. She said they
Published 17 Dec, 2014 12:00am
Mobilink, OLX extend partnership

Mobilink, OLX extend partnership

Mobilink and OLX, Pakistan's number one marketplace for used goods, have extended their partnership to provide free mobile browsing of all OLX website variants and applications over Mobilink's network. As part of this collaboration all Mobilink prepaid cu
Published 17 Dec, 2014 12:00am
Chairman EPZA chairs board meeting

Chairman EPZA chairs board meeting

Chairman Export Processing Zones Authority Aftab Anwar Baloch, presided over the 108th meeting of EPZA Board of Directors on Tuesday. The board appreciated the austerity measures implemented by the Chairman EPZA to close EPZA Liaison offices at such locat
Published 17 Dec, 2014 12:00am
No peace in Afghanistan possible without Pakistan's help: German envoy

No peace in Afghanistan possible without Pakistan's help: German envoy

German Ambassador to Pakistan, Dr Cyrill Nunn has said that goal of restoration of durable peace in Afghanistan could not be achieved without help of Pakistan. He was talking to media after launching ceremony of water conservation and agricultural managem
Published 17 Dec, 2014 12:00am
Illegal gateway exchange busted

Illegal gateway exchange busted

Pakistan Telecommunication Authority (PTA) in its ongoing efforts to control grey trafficking recovered 9 illegal VoIP gateways comprising of 232 ports on Tuesday According to press release issued here, successful raid against the grey operators was carri
Published 17 Dec, 2014 12:00am
Enjoy free Wi-Fi in the sky on Emirates A380s

Enjoy free Wi-Fi in the sky on Emirates A380s

Over 200,000 passengers have used Emirates' free onboard Wi-Fi since October this year, taking advantage of the airline's service to connect with family, friends or colleagues when they fly. On most Emirates A380s passengers can access 10MBs of free data,
Published 17 Dec, 2014 12:00am
Enjoy free Wi-Fi in the sky on Emirates A380s

Enjoy free Wi-Fi in the sky on Emirates A380s

Over 200,000 passengers have used Emirates' free onboard Wi-Fi since October this year, taking advantage of the airline's service to connect with family, friends or colleagues when they fly. On most Emirates A380s passengers can access 10MBs of free data,
Published 17 Dec, 2014 12:00am
1LINK launches JCB debit cards in Pakistan

1LINK launches JCB debit cards in Pakistan

1LINK (Guarantee) Limited (1LINK), Pakistan's largest payment system by market share, and JCB International (JCBI), the international operations subsidiary of JCB Co, Ltd on Tuesday entered into a strategic partnership to introduce JCB debit cards in Paki
Published 17 Dec, 2014 12:00am
1LINK launches JCB debit cards in Pakistan

1LINK launches JCB debit cards in Pakistan

1LINK (Guarantee) Limited (1LINK), Pakistan's largest payment system by market share, and JCB International (JCBI), the international operations subsidiary of JCB Co, Ltd on Tuesday entered into a strategic partnership to introduce JCB debit cards in Paki
Published 17 Dec, 2014 12:00am
Electronics goods: DGI&I IR Lahore unearths mega tax fraud

Electronics goods: DGI&I IR Lahore unearths mega tax fraud

Director General of Intelligence and Investigation Inland Revenue (IR) Lahore has unearthed a mega tax fraud by a leading electronics company of Lahore involved in evasion of duties and taxes to the tune of billions. It is learnt on Tuesday that the intel
Published 17 Dec, 2014 12:00am
Electronics goods: DGI&I IR Lahore unearths mega tax fraud

Electronics goods: DGI&I IR Lahore unearths mega tax fraud

Director General of Intelligence and Investigation Inland Revenue (IR) Lahore has unearthed a mega tax fraud by a leading electronics company of Lahore involved in evasion of duties and taxes to the tune of billions. It is learnt on Tuesday that the intel
Published 17 Dec, 2014 12:00am
MQM suspends political activities

MQM suspends political activities

The Muttahida Qaumi Movement (MQM) on Tuesday announced three days of mourning and suspended its political activities to mourn the killing of schoolchildren in a deadly Taliban attack on the Army Public School in Peshawar. In a press statement, the MQM Co
Published 17 Dec, 2014 12:00am
Auto industry not satisfied with policy draft

Auto industry not satisfied with policy draft

Local auto industry is reportedly not satisfied with the new draft five-year auto policy prepared by the government without having any meaningful consultation with the stakeholders. Background interviews with the stakeholders ie Pakistan Automotive Manufa
Published 17 Dec, 2014 12:00am
PTI slams school attack

PTI slams school attack

Pakistan Tehrik-e-Insaf (PTI) Punjab has on Tuesday condemned the terrorist attack at an army-run school in Peshawar that left at least 126 students dead and 122 more injured. PTI Punjab President Ejaz Chaudhry announced three days of mourning in Punjab a
Published 17 Dec, 2014 12:00am
Four killed in Karachi

Four killed in Karachi

Four people were killed in separate incident of violence here on Tuesday. According to police and rescue sources, Khuda Bux, 50, son of Kumar was killed by unidentified gunman near Akbar Shaheed Chowk, in Orangi Town. The body was shifted to near by priva
Published 17 Dec, 2014 12:00am
Massacre of innocent children sheer terrorism: Hafiz Saeed

Massacre of innocent children sheer terrorism: Hafiz Saeed

Jammat-ud-Dawa (JuD) chief Hafiz Muhammad Saeed strongly condemning the attack on Army Public School (APC) Peshawar which claimed lives of at least 126 school children, has said the massacre of innocent children in the name of Islam was not Jihad but terr
Published 17 Dec, 2014 12:00am
More operations on the cards

More operations on the cards

Based on actionable intelligence following a brutal terrorist attack on Army Public School in Peshawar Pakistan army is planning numerous operations against militants in tribal areas. "Based on actionable intelligence several operations have been carried
Published 17 Dec, 2014 12:00am
TRC deliberations: Minister seeks interim report, concrete proposals

TRC deliberations: Minister seeks interim report, concrete proposals

Finance Minister Ishaq Dar has asked the Tax Reforms Commission (TRC) to finalise an interim report on its deliberations and outline important proposals for consideration of the government. Speaking at the concluding session of the two-day TRC meeting her
Published 17 Dec, 2014 12:00am
Schoolchildren killings: AKTI to observe three-day mourning

Schoolchildren killings: AKTI to observe three-day mourning

All Karachi Tajir Ittehad (AKTI) on Tuesday announced to observe three-day mourning to condemn the terrorists who killed over 130 schoolchildren in Peshawar. Talking to Business Recorder Chairman AKTI, Atiq Mir said: "We are deeply saddened by the
Published 17 Dec, 2014 12:00am
Security of private schools beefed up

Security of private schools beefed up

Law-enforcement agencies (LEAs) on Tuesday beefed up security to guard private schools in the wake of Peshawar carnage. A spokesman for Pakistan Coast Guards said that security of private schools has been further intensified following the terrorists attac
Published 17 Dec, 2014 12:00am
Government paid Rs 731.83 million to the heirs of martyrs

Government paid Rs 731.83 million to the heirs of martyrs

Ministry of State and Frontier Regions (SAFRON) said that the government has paid a total of Rs 731.839 million to the legal heirs of martyred and injured people in Federally Administered Tribal Areas (FATA). Talking to media here on Tuesday, a senior off
Published 17 Dec, 2014 12:00am
'City Helicopter Tour' service launched in Karachi

'City Helicopter Tour' service launched in Karachi

Princely Jets, Pakistan's only private jet and helicopter charter-company has launched a 'City Helicopter Tour' service in Karachi on Tuesday. First time in the country, the general public has an opportunity to feel the pleasure of 'VIP' travel and enjoy
Published 17 Dec, 2014 12:00am
Yarn merchants condemn school attack

Yarn merchants condemn school attack

Pakistan Yarn Merchants have strongly condemned the terror attack at a school in Peshawar and closed down the market immediately. Central Chairman Khalil Qaisar Shamas Guccha and Zonal Chairman Adnan Zahid Butt called an emergency meeting of the members o
Published 17 Dec, 2014 12:00am
National Assembly Speaker calls on Emir of Kuwait

National Assembly Speaker calls on Emir of Kuwait

Speaker National Assembly Sardar Ayaz Sadiq called on Emir of Kuwait Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah in Kuwait City and discussed issues of mutual interests and means to strengthen bilateral relations between Pakistan and Kuwait, says a press rele
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
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
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
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