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Print - 2014-12-27
Terrorists to be punished to honour the blood of martyrs: Mamnoon

Terrorists to be punished to honour the blood of martyrs: Mamnoon

President Mamnoon Hussain Friday said the exemplary punishment would be awarded to the terrorists as government fully honours the blood of martyrs. "Today, a day of celebration, reminds me martyrdom of my innocent children who were killed for no reason an
Published 27 Dec, 2014 12:00am
Pakistan's foreign exchange reserves rise to $15.09 billion

Pakistan's foreign exchange reserves rise to $15.09 billion

Total liquid foreign exchange reserves of the country increased to $15.09805 billion, said State Bank of Pakistan (SBP). According to SBP's weekly statement here Thursday, the forex reserves held by State Bank on December 19, amounted to $10.36406 billion
Published 27 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 23rd December, 2014.

Published 27 Dec, 2014 12:00am
PTA assured of government support

PTA assured of government support

Minister of State for Parliamentary Affairs Sheikh Aftab Ahmed and Parliamentary Secretary for Cabinet Secretariat Raja Muhammad Javed Ikhlas visited Pakistan Telecommunication Authority (PTA) Headquarters on Friday.
Published 27 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 23rd December, 2014.

Published 27 Dec, 2014 12:00am
SAU postpones convocation

SAU postpones convocation

The Registrar of Sindh Agriculture University (SAU), Tandojam, has announced that the rehearsal of the 8th Convocation, fixed on 29th December, 2014, postponed due to administrative issues, the new dates of rehearsal and Convocation will be announced soon
Published 27 Dec, 2014 12:00am
Additional gas to Engro: CEO terms solution 'win-win' for all parties

Additional gas to Engro: CEO terms solution 'win-win' for all parties

Ministry of Petroleum and Natural Resources has revealed that 60 MMCFD Mari Shallow gas which is being given to M/s Engro Fertilizer for an additional one year is infact 12 per cent of curtailed gas of Mari-based fertilizer plants - Fauji Fertilizer's 34
Published 27 Dec, 2014 12:00am
Inordinate delay, alleged malfeasance push up NIA cost to Rs 85 billion

Inordinate delay, alleged malfeasance push up NIA cost to Rs 85 billion

Inordinate delay and alleged irregularities in completion of the New Islamabad International Airport have enhanced cost of the project from Rs 37 billion to Rs 85 billion, causing an additional burden of Rs 48 billion to the national exchequer. The projec
Published 27 Dec, 2014 12:00am
Nowshera police arrest 115 suspects

Nowshera police arrest 115 suspects

In wake of terrorist attack on Army Public School (APS) Peshawar security in district Nowshera has been put on high alert and 115 suspects including eight Afghan refugees and 20 proclaimed offenders were arrested in search operation in Pabbi Circle. The a
Published 27 Dec, 2014 12:00am
Bad weather in Punjab: PIA regrets inconvenience to passengers

Bad weather in Punjab: PIA regrets inconvenience to passengers

Heavy fog and bad weather in Punjab led to diversion and cancellation of a number of PIA flights during last couple of days. According to a Pakistan International Airlines (PIA)'s spokesperson here on Friday, diversions and cancellations has led to overcr
Published 27 Dec, 2014 12:00am
Chief minister Punjab reviews progress on solar projects

Chief minister Punjab reviews progress on solar projects

Punjab Chief Minister Shahbaz Sharif presided over a high-level meeting which reviewed the progress on solar projects in Quaid-e-Azam Solar Park, Bahawalpur. The meeting agreed to speed up 900 megawatt solar projects. Federal Minister for Water & Power Kh
Published 27 Dec, 2014 12:00am
Buddhist sculptures discovered from Bhamala agrological site

Buddhist sculptures discovered from Bhamala agrological site

Archaeologists have discovered Buddhist sculptures and heads dating back to second and fifth century AD during the ongoing excavation at Buddhist stupa, known as Bhamala Buddhist complex near Khanpur in Haripur district.
Published 27 Dec, 2014 12:00am
PPL discovers oil, condensate in Sanghar

PPL discovers oil, condensate in Sanghar

Pakistan Petroleum Limited (PPL), operator of Gambat South Block with 65 percent working interest (WI) along with its joint venture partners Government Holdings (Private) Limited and Asia Resources Oil Limited with 25 percent and 10 percent WI, respective
Published 27 Dec, 2014 12:00am
River Ravi project challenged in LHC

River Ravi project challenged in LHC

The Lahore High Court sought reply from the Ravi Commission by February 24 next in a petition challenging the River Ravi Project according to which big plazas would be built at both sides of the River Ravi. A local bar member Ahmad Rafi Alam stated that t
Published 27 Dec, 2014 12:00am
Two more terrorists to be hanged on January 14

Two more terrorists to be hanged on January 14

A special anti-terrorism court in Lahore on Friday fixed January 14 for the execution of two convicted terrorists at Faisalabad district jail. Superintendent of Faisalabad jail in his petition stated that prisoner Faiz Ahmad was awarded death penalty in 2
Published 27 Dec, 2014 12:00am
Mughal Steel signs contract with Microsoft

Mughal Steel signs contract with Microsoft

Mughal Steel has signed a contract with the world's biggest tech giant, Microsoft in introducing AX, ERP (Enterprise Resource Planning) solutions also known as the next generation business model to integrate new technology into the company's strategic pla
Published 27 Dec, 2014 12:00am
PKI delegation meets chief minister Punjab

PKI delegation meets chief minister Punjab

A delegation of Pakistan Kisan Ittehad led by its Central President Khalid Mehmood Khokhar met Punjab Chief Minister Muhammad Shahbaz Sharif, here today and thanked him for resolving problems of farmers on priority basis.
Published 27 Dec, 2014 12:00am
License for legal practice: LHC declares NTS test mandatory requirement

License for legal practice: LHC declares NTS test mandatory requirement

The Lahore High Court here on Friday has declared NTS test as mandatory to get license for legal practice in the country. The court, dismissing the petition against the test provision implemented by Pakistan Bar Council (PBC), made the test mandatory for
Published 27 Dec, 2014 12:00am
Afridi meets Brigadier Zubair

Afridi meets Brigadier Zubair

Pakistan's leading cricket star Shahid Afridi called on Administrator DHA Brigadier Zubair Ahmed at DHA Main Office. They discussed possible avenues to promote sports activities in DHA. Discussion was also focused on establishing a Cricket Academy at DHA
Published 27 Dec, 2014 12:00am
Sindh Labour Department declares holiday

Sindh Labour Department declares holiday

Labour Department of government of Sindh has declared December 27, 2014 (Saturday) as public holiday to mark the Shahadat of Mohtarama Benazir Bhutto. The public holiday will be observed by all the workers across the province. Labour & Human Resources Dep
Published 27 Dec, 2014 12:00am
Country in the grip of cold and dry weather

Country in the grip of cold and dry weather

Pakistan is in the grip of severe and dry weather as cold continental air is prevailing over most parts of the country. Thursday's trough of the Westerly wave, lying over extreme Northern parts of the country continues to persist, Meteorological departmen
Published 27 Dec, 2014 12:00am
Sindh governorship: Ebad completes 12 years

Sindh governorship: Ebad completes 12 years

Dr Ishratul Ebad has completed 12 years as the Governor Sindh on Friday to earn the spot in top three longest tenures on the same post in the world. Dr Ishratul Ebad has been on the post since 27 December, 2002, when he took charge as the 30th Governor of
Published 27 Dec, 2014 12:00am
Wild animals at residences: CDGL asked to carry out inspection

Wild animals at residences: CDGL asked to carry out inspection

The Lahore High Court here on Friday directed the city district government to carry out an inspection about wild animals kept by individuals at home and farmhouses especially. The court also directed the government to seek help from citizens through media
Published 27 Dec, 2014 12:00am
Woman, son among three shot dead in Haripur

Woman, son among three shot dead in Haripur

Armed men shot dead three members of the same family in personal enmity here on Friday and escaped. Police said that armed miscreants barged into a house in sub-division Ghazi of Haripur district and opened indiscriminate fire on the inmates. As a result
Published 27 Dec, 2014 12:00am
'MCP to implement building laws strictly'

'MCP to implement building laws strictly'

A meeting held here on Friday with Administrator, Municipal Corporation Peshawar (MCP), Syed Zafar Ali Shah in the chair discussed matters relating to strengthening of the Building Control Authority (BCA) and cleansing the city of encroachments.
Published 27 Dec, 2014 12:00am
Parveen Shakir's contributions generously acknowledged

Parveen Shakir's contributions generously acknowledged

Literary circles across the country acknowledged the valuable contribution of Parveen Shakir in Urdu literature and paid glowing tributes on her 20th death anniversary Friday. Parveen Shakir was born on November 24, 1952 in Karachi. She was highly educate
Published 27 Dec, 2014 12:00am
Four die as bus falls into ravine

Four die as bus falls into ravine

At least four people were killed and seven others injured when a speeding bus plunged into deep ravine at Nari area here on Friday morning. According to police, the ill-fated passenger bus was going to Haripur Havelian from Lora Jabri which fell into the
Published 27 Dec, 2014 12:00am
Exhibition of Faizan Peerzada's paintings

Exhibition of Faizan Peerzada's paintings

Rafi Peer Theater Workshop (RPTW) organized a painting exhibition of paintings of former CEO of RPTW the late Faizan Peerzada here Friday. The exhibition was inaugurated by his mother Mrs Rafi Peer. The ceremony was attended by friends and family of Peerz
Published 27 Dec, 2014 12:00am
Arrangements for BB's death anniversary finalised

Arrangements for BB's death anniversary finalised

A meeting of Pakistan People's Party (PPP) Punjab held here with President Manzoor Ahmed Wattoo in the chair, finalised arrangements for holding the central function to observe the death anniversary of Shaheed Benazir Bhutto at PPP Punjab Model Town Secre
Published 27 Dec, 2014 12:00am
Feasibility of Peshawar mass transit project approved

Feasibility of Peshawar mass transit project approved

The feasibility for construction of double carriage carpeted road on train corridor of Peshawar Mass Transit (PMT) has been completed, which was approved by a high-level meeting of Board of Investment and Trade (BoIT) held here with Chief Minister Pervez
Published 27 Dec, 2014 12:00am
Houbara bustard: SHC adjourns hunting permit case till December 31

Houbara bustard: SHC adjourns hunting permit case till December 31

The Sindh High Court on Friday put off till December 31 the hearing of a petition that challenged legality of the special permits issued to the Arab dignitaries for hunting endangered wildlife when the federal government told it that it was going to reque
Published 27 Dec, 2014 12:00am
Candles, prayers and tears as Asia mourns tsunami dead 10 years on

Candles, prayers and tears as Asia mourns tsunami dead 10 years on

Tearful mourners lit candles on Friday to remember the 220,000 people who died a decade ago when tsunami waves devastated coastal areas along the Indian Ocean, in one of the worst natural disasters in human history. On December 26, 2004 a 9.3-magnitude ea
Published 27 Dec, 2014 12:00am
Sri Lanka train guard mourns tsunami dead 10 years on

Sri Lanka train guard mourns tsunami dead 10 years on

Head guard Wanigaratne Karunatilleke was one of the few people to survive when a wall of water slammed into the Ocean Queen train on Sri Lanka's south coast a decade ago, killing around 1,000 people. On Friday the 58-year-old, who is still haunted by memo
Published 27 Dec, 2014 12:00am
Irish court allows abortion row pregnant brain-dead woman to die

Irish court allows abortion row pregnant brain-dead woman to die

Ireland's high court ruled doctors can withdraw life support for a clinically dead pregnant woman on Friday, in the latest case to trigger heated debate on the country's stringent abortion laws. Despite requests from the woman's family for her to be allow
Published 27 Dec, 2014 12:00am
Philippine rebels free two captive soldiers

Philippine rebels free two captive soldiers

Philippine communist rebels freed two soldiers after four months of captivity Friday as a goodwill gesture prior to a possible resumption of peace talks with the government. Rebel spokesman Jorge Madlos said three more soldiers will be released by January
Published 27 Dec, 2014 12:00am
Myanmar migrants face July trial for Brit deaths in Thailand

Myanmar migrants face July trial for Brit deaths in Thailand

Two Myanmar migrant workers accused of murdering a pair of British holidaymakers at a Thai diving resort will be held in custody until their full trial begins in July next year, their lawyer said Friday. Zaw Lin and Win Zaw Tun have pleaded not guilty to
Published 27 Dec, 2014 12:00am
At least 1,300 migrants saved off Italy at Christmas

At least 1,300 migrants saved off Italy at Christmas

The Italian Navy rescued some 1,300 migrants in several operations late on Christmas Day, among them a Nigerian woman who gave birth on board one of the rescue vessels, local media said Friday. The majority of the migrants were on boats adrift off the coa
Published 27 Dec, 2014 12:00am
Jordan pilot ejected over Syria after 'technical failure'

Jordan pilot ejected over Syria after 'technical failure'

Technical failure caused a Jordanian pilot captured by Islamic State group jihadists in Syria to eject after flying at low altitude, activists and a monitoring group told AFP on Friday. Maaz al-Kassasbeh "was flying at a high altitude to start with. He hi
Published 27 Dec, 2014 12:00am
Three South Korea workers die at nuke plant construction site

Three South Korea workers die at nuke plant construction site

Three South Korean workers died Friday after apparently inhaling toxic gas at a construction site for a nuclear plant being built by South Korea's monopoly nuclear power company, which has come under recent threats by hackers, a company official said.
Published 27 Dec, 2014 12:00am
China's premier offers support for Hong Kong leader

China's premier offers support for Hong Kong leader

China's central government fully approves of the leadership of Hong Kong's chief executive Leung Chun-ying and the work of the territory's government which has shown itself "unafraid of challenges", Premier Li Keqiang said on Friday. The former British co
Published 27 Dec, 2014 12:00am
Fire guts 25 buses in German municipal bus garage

Fire guts 25 buses in German municipal bus garage

A fire gutted 25 buses in a German municipal bus garage south of Hanover Friday, and police said they were investigating the cause. The pre-dawn blaze in the town of Springe was fought by 350 fire-fighters, with crews still trying to cool off hot spots at
Published 27 Dec, 2014 12:00am
Four Shebab fighters killed in attack on Somalia AU base

Four Shebab fighters killed in attack on Somalia AU base

Four fighters from Somalia's al Qaeda-linked Shebab rebels were killed and another four captured in an attack by the Islamists against an African Union command centre, officials said Friday. The militants launched an assault on the AU force's heavily fort
Published 27 Dec, 2014 12:00am
Ebola death toll rises to 7,693: WHO

Ebola death toll rises to 7,693: WHO

The death toll from the Ebola outbreak in west Africa has risen to 7,693 out of 19,695 cases recorded, the World Health Organisation said Friday. The previous toll released December 22 stood at 7,518 fatalities out of 19,340 infected in Sierra Leone, Libe
Published 27 Dec, 2014 12:00am
Yuan weakens, backs away from gains as dollar appetite returns

Yuan weakens, backs away from gains as dollar appetite returns

China's yuan weakened on Friday, changing hands at 6.2079 per dollar, backing off from two consecutive days of gains and set to soften 0.19 percent for the week. The yuan posted its sharpest single-day rise in value against the dollar since May on Thursda
Published 27 Dec, 2014 12:00am
Rouble rebounds sharply from lows as exporters sell dollars

Rouble rebounds sharply from lows as exporters sell dollars

Russia's rouble rose on Friday to its strongest levels in more than three weeks, in a sharp rebound from its recent all-time lows, after the government ordered exporters to sell some of their hard currency revenues.
Published 27 Dec, 2014 12:00am
Indian bonds, rupee fall on year-end FII sell-off

Indian bonds, rupee fall on year-end FII sell-off

Indian bonds fell for the second straight session on Friday, with the yield on the 10-year benchmark paper touching its highest level in more than a week, as auction cut-offs set by the central bank disappointed the market.
Published 27 Dec, 2014 12:00am
Indian bonds, rupee fall on year-end FII sell-off

Indian bonds, rupee fall on year-end FII sell-off

Indian bonds fell for the second straight session on Friday, with the yield on the 10-year benchmark paper touching its highest level in more than a week, as auction cut-offs set by the central bank disappointed the market.
Published 27 Dec, 2014 12:00am
All set to observe Benazir's death anniversary today

All set to observe Benazir's death anniversary today

Pakistan People's Party (PPP) Larkana district president MNA Mohammad Ayaz Soomro said on Friday that all arrangements have been completed to observe the seventh death anniversary of the assassinated chairperson of PPP and former prime minister, Shaheed M
Published 27 Dec, 2014 12:00am
HabibMetro holds brand activation

HabibMetro holds brand activation

HabibMetro offered the participants and audience a chance to win valuable prizes in its brand activation at the Fortress Square Mall in Lahore on the 25th and 26th of December 2014. In addition to three lucky draw prizes each day, the activation offered a
Published 27 Dec, 2014 12:00am
Qatari delegation offers to initiate joint ventures

Qatari delegation offers to initiate joint ventures

Head of six-member delegation from Qatar Ahmed Hussain has invited the Pakistan businessmen to initiate joint ventures with their Qatari counterparts as abundant investment and business opportunities are available there in various sectors including infras
Published 27 Dec, 2014 12:00am
Punjab-based textile: APTMA concerned over delay in gas supply

Punjab-based textile: APTMA concerned over delay in gas supply

Chairman APTMA S M Tanveer has expressed concerns over suspension of 100MMCFD gas supply to the Punjab-based textile industry by the SNGPL since last seven days. He said suspension of gas supply to the Punjab-based textile industry over the long period is
Published 27 Dec, 2014 12:00am
HRCP voices alarm over setting up of special courts

HRCP voices alarm over setting up of special courts

The Human Rights Commission of Pakistan (HRCP) has expressed serious alarm over the decision to set up special courts to be headed by military officers to try terrorism cases. In a statement issued on Friday, HRCP stated: "The Commission is dismayed that
Published 27 Dec, 2014 12:00am
KBP elects new office-bearers for Punjab

KBP elects new office-bearers for Punjab

Kisan Board Pakistan (KBP) Central President Sadiq Khan Khakwani on Friday announcing new office-bearers for Punjab has appointed Khurshid Khan Kanjoo as President and Arsalan Khan Khakwani as General Secretary. The newly appointed office bearers took oat
Published 27 Dec, 2014 12:00am
Extraordinary situation warrants extraordinary decisions: Shahbaz

Extraordinary situation warrants extraordinary decisions: Shahbaz

Punjab Chief Minister Shahbaz Sharif has expressed his determination that extremism and terrorism will be eliminated forever and a safe and peaceful Pakistan will be given to new generations. He expressed these views while talking to senior journalists, i
Published 27 Dec, 2014 12:00am
Rescue 1122 to implement CBDRM programmes

Rescue 1122 to implement CBDRM programmes

Punjab Emergency Service (Rescue 1122) is working for changing mindset of the public to establish socially responsible; healthy, safer and more resilient communities in Punjab through Community Based Disaster Risk Management (CBDRM). Director General, Pun
Published 27 Dec, 2014 12:00am
Irsa reduces water outflows from dams

Irsa reduces water outflows from dams

The Indus River System Authority (Irsa) has reduced water outflows from the Tarbela and Mangla dams to facilitate the month-long de-silting programme 2014-15 beginning Saturday across the country. Punjab Irrigation engineers told Business Recorder
Published 27 Dec, 2014 12:00am
Chinese motorcycle parts PAAPAM concerned at reduced valuation

Chinese motorcycle parts PAAPAM concerned at reduced valuation

The Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM), criticised the customs for reducing valuation of Chinese motorcycle parts even below the rates of raw materials for commercial importers, and said that such arbitrary val
Published 27 Dec, 2014 12:00am
Missing person's case: SHC shows displeasure over conduct of IO

Missing person's case: SHC shows displeasure over conduct of IO

Expressing displeasure over conduct of investigation officer, Sindh High Court on Friday directed him to either procure information about missing MQM activist's mobile phone and his location or ask DIG concerned to appear before court.
Published 27 Dec, 2014 12:00am
July-November mobile phone import up 6.15 percent YoY

July-November mobile phone import up 6.15 percent YoY

The country imported mobile phones worth $282.872 million during July-November 2014-15, up by 6.15 percent against the import during the same period in 2013-14, official figures said. The mobile handsets import posted an increase of $16.401 million during
Published 27 Dec, 2014 12:00am
Initiatives to be taken to promote soft image of SU: vice chancellor

Initiatives to be taken to promote soft image of SU: vice chancellor

Vice-Chancellor of Sindh University (SU) Professor (Dr) Imdad Ali Ismaili has said the university will take some new initiatives to promote its educational worth and soft image. He assured that the administration will address the 'hardship cases' of emplo
Published 27 Dec, 2014 12:00am
Warid Telecom launches LTE Services in Pakistan

Warid Telecom launches LTE Services in Pakistan

Warid Telecom, Pakistan's most trusted and innovative mobile service provider is proud to announce the commercial launch of its LTE (Long Term Evolution) services in Pakistan. Starting from 26th December, 2014, Warid customers will be able to enjoy 7 days
Published 27 Dec, 2014 12:00am
Saudi Arabia limits family visit visa to six months

Saudi Arabia limits family visit visa to six months

The Saudi Passport Department has issued new regulations stating that family visitor visas would now be limited to only six months, or 180 days, quoting an official spokesman. The period would start once a visitor arrives in the Kingdom and registers on t
Published 27 Dec, 2014 12:00am
Indian rapeseed hits 26-month high; sugar up

Indian rapeseed hits 26-month high; sugar up

Indian rapeseed futures jumped to their highest level in 26 months on Wednesday due to tight supplies in spot markets and concerns about production following dry weather in top producing Rajasthan state. Soyabeans rose on thin supply and an improvement in
Published 27 Dec, 2014 12:00am
EasyJet hit by New Year strike call in France

EasyJet hit by New Year strike call in France

French unions at low-cost airline easyJet announced a New Year strike on Friday similar to a Christmas work stoppage to press demands for better scheduling and pay. Unions representing French cabin crew said they had informed the airline of a new strike o
Published 27 Dec, 2014 12:00am
Indian government pushes through reforms on investment and coal

Indian government pushes through reforms on investment and coal

The Indian government on Friday passed executive orders increasing foreign investment in the insurance sector and allowing fresh auctions of coal blocks, in moves seen as signalling the ruling Bharatiya Janata Party's intent to push through economic refor
Published 27 Dec, 2014 12:00am
Britain's economy set to beat Germany in 2030, study says

Britain's economy set to beat Germany in 2030, study says

Britain is on track to overtake Germany and become Europe's economic powerhouse in 2030, an analysis of the world's top 30 economies showed Friday. According to new survey data from the Centre for Economics and Business Research (CEBR), a "declining popul
Published 27 Dec, 2014 12:00am
Russia to impose wheat export duty from February

Russia to impose wheat export duty from February

Russia has said it will from February apply a duty of at least 35 euros ($43) per tonne of wheat sent for export as it tries to lower prices on its domestic market, hit by the ruble's fall. The duty, announced in a government decree published late Thursda
Published 27 Dec, 2014 12:00am
Beijing to beat energy intensity target in 2014

Beijing to beat energy intensity target in 2014

China is on track to surpass its 2014 target for reducing the energy intensity of its economy, the country's top climate change official said this week, according to state news agency Xinhua.
Published 27 Dec, 2014 12:00am
Post-Christmas sales see strong start in Britain

Post-Christmas sales see strong start in Britain

Hundreds of thousands of bargain-seekers stormed British shops as post-Christmas sales began on Friday, in what one department store said was its most successful ever year. A crowd of 4,000 gathered on London's main shopping site Oxford Street outside the
Published 27 Dec, 2014 12:00am
China challenges India's polished diamond throne

China challenges India's polished diamond throne

India's long-held position as the world's top diamond polisher is being challenged by soaring output from China, compelling the south Asian country to seek help from ally and top rough diamond supplier Russia to defend its market share.
Published 27 Dec, 2014 12:00am
China offers to help electricity-starved Nepal

China offers to help electricity-starved Nepal

China said Friday that it would help Nepal develop its power industry to alleviate severe electricity outages that can last up to 12 hours a day in the Himalayan nation, where Beijing is trying to increase influence and investment.
Published 27 Dec, 2014 12:00am
Long-delayed US high-speed rail plans may ride on Texas express

Long-delayed US high-speed rail plans may ride on Texas express

With high-speed rail in the United States long on plans and short on construction, a Texas company is aiming to fast-track service between Dallas and Houston. The Texas Central Railway Company plans to use private investment and Central Japan Railway bull
Published 27 Dec, 2014 12:00am
Bangladesh tea prices rise

Bangladesh tea prices rise

Tea prices in Bangladesh rose for the seventh straight week at the weekly auction on Tuesday amid strong demand in the winter season. Bangladeshi tea fetched an average 192.96 taka ($2.4) per kg compared with 192.04 taka at the previous sale, said an exec
Published 27 Dec, 2014 12:00am
No business on grain market

No business on grain market

According to a press release of the Wholesale Grain Merchant Group, no change was seen in the commodity rates on Friday.
Published 27 Dec, 2014 12:00am
Cotton market: prices improve amid tight supplies

Cotton market: prices improve amid tight supplies

Tight supplies of phutti helped rates to go up on the cotton market on Friday in the process of trading, dealers said. The official spot rate was unchanged at Rs 4,800, they added. In the ready session, around 20,000 bales of cotton changed hands between
Published 27 Dec, 2014 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 291,228 tonnes of cargo comprising 210,235 tonnes of import cargo and 80,993 tonnes of export cargo including 6,754 loaded and empty containers during the last 48 hours ending at 0700 hours on Friday. The total import cargo of 210
Published 27 Dec, 2014 12:00am
Low water supply to hurt Vietnam's 2015-16 coffee crop

Low water supply to hurt Vietnam's 2015-16 coffee crop

Vietnam's coffee crop in the year to September 2016 is expected to be hit by an early end to the rainy season and the less number of storms this year, which have most likely reduced the country's underground water reserves, industry sources said.
Published 27 Dec, 2014 12:00am
US FOB Gulf wheat basis offers steady

US FOB Gulf wheat basis offers steady

US FOB Gulf wheat basis offers were steady on Wednesday following the 20-cent slide in futures as speculators took profits before the holiday and concerns eased about Russia curbing its wheat exports through an export tax, traders said. FOB corn and soyab
Published 27 Dec, 2014 12:00am
European wheat prices rise, US markets up

European wheat prices rise, US markets up

European wheat prices in Paris rose on Tuesday following firm US markets up, with support also coming from prospects of a duty on Russian grain exports. Benchmark March milling wheat on the Paris-based Euronext market was up 1.50 euros or 0.7 percent at 2
Published 27 Dec, 2014 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Wednesday, December 24, 2014, at Pakistan Mercantile Exchange (PMEX) value traded was PKR 1.10 billion and the number of lots traded was 15,678. PMEX Commodity Index closed at 2,579. Major business was contributed by crude oil amounting to PKR 989 mill
Published 27 Dec, 2014 12:00am
US Treasury prices recover after sell-off, yield curve flattens

US Treasury prices recover after sell-off, yield curve flattens

US Treasury prices recovered from an early week sell-off on Friday in very light trading, and the yield curve was the flattest in six-and-a-half years on the prospect of an interest rate hike in the coming months. Bonds weakened early in the week as inves
Published 27 Dec, 2014 12:00am
JGBs mostly slip after 10-year yield falls to record low

JGBs mostly slip after 10-year yield falls to record low

Japanese government bond prices were mostly lower on Friday as some investors booked profits ahead of the weekend, after the benchmark yield set a fresh record low earlier in the session. The Bank of Japan bought 400 billion yen ($3.33 billion) of JGBs in
Published 27 Dec, 2014 12:00am
US Treasury prices recover after sell-off, yield curve flattens

US Treasury prices recover after sell-off, yield curve flattens

US Treasury prices recovered from an early week sell-off on Friday in very light trading, and the yield curve was the flattest in six-and-a-half years on the prospect of an interest rate hike in the coming months. Bonds weakened early in the week as inves
Published 27 Dec, 2014 12:00am
JGBs mostly slip after 10-year yield falls to record low

JGBs mostly slip after 10-year yield falls to record low

Japanese government bond prices were mostly lower on Friday as some investors booked profits ahead of the weekend, after the benchmark yield set a fresh record low earlier in the session. The Bank of Japan bought 400 billion yen ($3.33 billion) of JGBs in
Published 27 Dec, 2014 12:00am
Shanghai copper futures mostly flat, market seeks direction

Shanghai copper futures mostly flat, market seeks direction

Shanghai copper futures were mostly flat on Friday, as the market sought direction amid speculation that China may ease liquidity to juice up the economy, although sluggish demand and ample stocks continued to weigh.
Published 27 Dec, 2014 12:00am
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