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May 12, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-01-02
Japanese premier pledges reforms to boost economy

Japanese premier pledges reforms to boost economy

Japanese Prime Minister Shinzo Abe Thursday pledged to carry out crucial structural reforms this year as part his drive to kick-start the economy, while stressing the country remained pacifist as he pursues his nationalist agenda. "This year we will once
Published 02 Jan, 2015 12:00am
Bumper crops drag soya to biggest yearly loss in a decade

Bumper crops drag soya to biggest yearly loss in a decade

US soyabean futures fell on Wednesday and ended 2014 with their biggest loss in a decade as bumper production in the United States and South America replenished global supply of the protein-rich oilseed. Corn and wheat also fell during the session and pos
Published 02 Jan, 2015 12:00am
Colombia issues guidelines to soften resistance to oil projects

Colombia issues guidelines to soften resistance to oil projects

Colombia launched a book of guidelines for oil companies on Wednesday aimed at addressing growing resistance by local communities to extractive industry projects, now one of the sector's biggest obstacles to investment and raising production. Colombia's b
Published 02 Jan, 2015 12:00am
US oil patch still 'Klondike' for world's biggest traders

US oil patch still 'Klondike' for world's biggest traders

The United States remains the pre-eminent arena for the world's oil traders, top executives at commodity firms Mercuria, Trafigura and Gunvor said, even as Washington only slowly loosens its crude export ban and as the price of oil-related assets rise. Th
Published 02 Jan, 2015 12:00am
Energy ETPs attract strong inflows in November

Energy ETPs attract strong inflows in November

Energy futures exchange-traded products (ETPs) attracted a hefty $312 million in November, their second-highest monthly inflows of the year, as investors bet Opec would cut oil production and thereby triggeer a rebound in the oil price. In the two-month r
Published 02 Jan, 2015 12:00am
Thousands of Ukraine nationalists march in Kiev

Thousands of Ukraine nationalists march in Kiev

Thousands of Ukrainian nationalists held a torchlight procession across Kiev on Thursday in honour of a World War II anti-Soviet insurgent dismissed by Moscow as a Nazi collaborator. The march on what would have been Stepan Bandera's 106th birthday moved
Published 02 Jan, 2015 12:00am
Assad in New Year visit to frontline troops

Assad in New Year visit to frontline troops

Syrian President Bashar al-Assad saw in the New Year with a rare visit to a combat zone to rally the troops, his office said. Assad visited the east Damascus district of Jobar, state media said. Heavy fighting in the strategic neighbourhood killed at leas
Published 02 Jan, 2015 12:00am
Jeb Bush sheds business ties ahead of possible 2016 run

Jeb Bush sheds business ties ahead of possible 2016 run

Former Florida governor Jeb Bush has stepped down from all of his corporate and non-profit boards, US media reported Thursday, in another sign that he is gearing up for a White House run. In an email Wednesday to the Washington Post, an aide said Bush, 61
Published 02 Jan, 2015 12:00am
76,000 killed in Syria's deadliest year yet

76,000 killed in Syria's deadliest year yet

More than 76,000 people were killed in Syria's brutal conflict in 2014, making it the bloodiest year yet in the country's nearly four-year war, a monitor said on Thursday. The conflict that began in March 2011 shows no sign of abating, with President Bash
Published 02 Jan, 2015 12:00am
Kidnapped Italian women in Syria' appear in video

Kidnapped Italian women in Syria' appear in video

Two women identifying themselves as Italian aid workers kidnapped in Syria have appeared in a video urging their government to seek their release. The video, filmed in mid-December, appeared online Wednesday night and purportedly shows Vanessa Marzullo an
Published 02 Jan, 2015 12:00am
Obama rings in New Year with friends, family

Obama rings in New Year with friends, family

President Barack Obama - still on vacation in Hawaii - spent New Year's eve with loved ones at home, the White House said. "The president plans to stay at home tonight and ring in the New Year with family and friends," the White House said in a brief stat
Published 02 Jan, 2015 12:00am
First AirAsia funeral as bad weather hampers search

First AirAsia funeral as bad weather hampers search

Relatives held the first funeral for a victim of AirAsia Flight QZ8501 Thursday as bad weather hampered efforts to locate the wreckage of the plane which crashed in the sea off Borneo with 162 aboard. Nine bodies have so far been retrieved in the search f
Published 02 Jan, 2015 12:00am
Lebanon's first post-war prime minister dies

Lebanon's first post-war prime minister dies

Omar Karame, Lebanon's first post-war prime minister and a staunch ally of the Syrian government, has died at the age of 80, his family announced on Thursday. "With great sadness... the Karame family announces the death of the great Omar Abdel Hamid Karam
Published 02 Jan, 2015 12:00am
Pope urges united fight against slavery, human trafficking

Pope urges united fight against slavery, human trafficking

Pope Francis urged people of all religions and cultures on Thursday to unite to fight modern slavery and human trafficking, saying in his first Mass of 2015 that everyone had a God-given right to be free. The service at St. Peter's Basilica marks the Roma
Published 02 Jan, 2015 12:00am
Netanyahu re-elected head of Israel's ruling Likud

Netanyahu re-elected head of Israel's ruling Likud

Israeli Prime Minister Benjamin Netanyahu won another term as leader of the ruling rightwing Likud party ahead of a snap election, the faction said Thursday, easily defeating his lone hard-right challenger. A party primary took place Wednesday ahead of ea
Published 02 Jan, 2015 12:00am
New Year stampede kills 36 in Shanghai

New Year stampede kills 36 in Shanghai

A New Year's stampede on Shanghai's historic waterfront killed at least 36 revellers and injured dozens more, mostly women, as one police officer said fewer personnel than previously were securing the area. While some witnesses said partygoers had scrambl
Published 02 Jan, 2015 12:00am
New Year's Day blaze kills two in Manila

New Year's Day blaze kills two in Manila

A fire raced through a crowded slum in the Philippine capital on New Year's Day, killing at least two people and gutting hundreds of shanties, officials said. The blaze, believed to have been caused by firecrackers during New Year revelry, erupted in a wa
Published 02 Jan, 2015 12:00am
New Year violence across Colombia kills 24

New Year violence across Colombia kills 24

New Year celebrations in Colombia were marred by violence as 24 people died in various incidents across the country, a drop in deaths from last year, officials said. There were 33 percent fewer deaths as the violence-wracked country rang in 2015, accordin
Published 02 Jan, 2015 12:00am
Iraq violence killed 15,000 in 2014, worst in 7 years

Iraq violence killed 15,000 in 2014, worst in 7 years

Violence in Iraq killed more than 15,000 civilians and security personnel in 2014, government figures showed Thursday, making it one of the deadliest years since the 2003 US-led invasion. Figures compiled by the health, interior and defence ministries put
Published 02 Jan, 2015 12:00am
Flash floods, mudslides kill at least 39 in Sri Lanka

Flash floods, mudslides kill at least 39 in Sri Lanka

Flash floods and mudslides in Sri Lanka have killed at least 39 people and more than 1 million have had to flee their homes in the past two weeks, data from the island's Disaster Management Center showed on Thursday. At least another 20 people have been i
Published 02 Jan, 2015 12:00am
Suicide bombing outside Nigeria church

Suicide bombing outside Nigeria church

Several people were injured Thursday outside an evangelist church in north-east Nigeria when a suicide bomber set off his explosive vest amid the country's ongoing battle against an Islamist insurgency. "There was an explosion outside the ECWA church this
Published 02 Jan, 2015 12:00am
North Korea's Kim moots summit with South

North Korea's Kim moots summit with South

North Korean leader Kim Jong-Un proposed the "highest-level" talks with South Korea Thursday, opening the way to a historic summit as his communist country battles to fend off UN prosecution over its human rights record. The sudden move, made during Kim's
Published 02 Jan, 2015 12:00am
Peshawar tragedy: Younus Khan meets chief minister, expresses solidarity

Peshawar tragedy: Younus Khan meets chief minister, expresses solidarity

Cricketer Younus Khan called on the KP Chief Minister Pervez Khattak at CM Secretariat Peshawar and expressed condolence and solidarity with the people and government of Khyber Pakhtunkhwa on Peshawar school carnage on behalf of his national cricket team
Published 02 Jan, 2015 12:00am
Street basketball presses for Olympic place

Street basketball presses for Olympic place

Basketball has become the latest sport wanting an extra event in the 2020 Tokyo Olympics, while at the same time battling to keep Japan in the Olympic tournament. International Basketball Federation (FIBA) president Horacio Muratore told AFP that new Inte
Published 02 Jan, 2015 12:00am
NTDCL win Wapda inter-unit Badminton title

NTDCL win Wapda inter-unit Badminton title

National Transmission & Despatch Company Limited (NTDCL) has won the annual Wapda Inter-Unit Badminton Tournament (2014-15) by securing overall 163 points. A seven days tournament was held at Wapda Town Badminton Hall at Lahore. The event was organised by
Published 02 Jan, 2015 12:00am
Mali striker Diabate ruled out of CAN

Mali striker Diabate ruled out of CAN

Giant Malian striker Cheick Diabate requires a knee operation and will be out for four months, meaning he will miss his country's Africa Cup of Nations bid. Diabate's French club Bordeaux announced on Thursday that the 26-year-old agreed to undergo surger
Published 02 Jan, 2015 12:00am
French driver Montagny tests positive for cocaine

French driver Montagny tests positive for cocaine

French Formula E driver Franck Montagny revealed Thursday he tested positive for a cocaine derivative during an ePrix race in Putrajaya, Malaysia last November. The former Formula One driver did not request a B-sample and will be suspended from racing unt
Published 02 Jan, 2015 12:00am
United momentum gone with the wind at Stoke

United momentum gone with the wind at Stoke

Manchester United lost further momentum in the Premier League title race after drawing 1-1 with Stoke City at a windy Britannia Stadium on New Year's Day. Radamel Falcao equalised for the visitors after former United trainee Ryan Shawcross had scored the
Published 02 Jan, 2015 12:00am
New year, same old Lampard in Man City win

New year, same old Lampard in Man City win

Frank Lampard demonstrated his worth to Premier League champions Manchester City with the winning goal in an extraordinary 3-2 home victory over Sunderland on New Year's Day. His 73rd-minute goal, a six-yard header from Gael Clichy's cross, completed a br
Published 02 Jan, 2015 12:00am
Gerrard brace in vain as Leicester hit back

Gerrard brace in vain as Leicester hit back

Liverpool captain Steven Gerrard converted two penalties, but saw his side surrender a two-goal lead to draw 2-2 with Leicester City in the Premier League on New Year's Day. Experienced midfielder Gerrard, who has yet to sign a new contract at Anfield, wi
Published 02 Jan, 2015 12:00am
New look South Korea hope to turn the page at Asian Cup

New look South Korea hope to turn the page at Asian Cup

After 55 years without continental soccer success and on the back of a dire World Cup campaign in Brazil, all the talk in South Korea has been of a "Time for Change" in the build-up to the Asian Cup in January. The Koreans, who last won the region's showp
Published 02 Jan, 2015 12:00am
Del Potro out of Brisbane International

Del Potro out of Brisbane International

Former US Open winner Juan Martin del Potro has withdrawn from the Brisbane International, officials said Thursday, further delaying his return to the court from an injury-blighted 2014. The Argentine had been scheduled to play in the January 4-11 Brisban
Published 02 Jan, 2015 12:00am
West Indies learning from South Africa: Ramdin

West Indies learning from South Africa: Ramdin

West Indies captain Denesh Ramdin said on Thursday that the main benefit of playing in South Africa was the opportunity for his young side to absorb some of the lessons that have made the hosts the number one team in the world. Speaking ahead of the third
Published 02 Jan, 2015 12:00am
Ethiopian double in Sao Paulo year-end race

Ethiopian double in Sao Paulo year-end race

Ethiopian athletes scored a double success Wednesday in the traditional New year's Eve road race in Sao Paulo, Latin Americas's biggest, with Dawit Admasu taking the honours for the men and 2008 champion Ymer Wude Ayalew taking the plaudits for the women.
Published 02 Jan, 2015 12:00am
Ghana's cedi, Zambia's kwacha worst African currencies in 2014

Ghana's cedi, Zambia's kwacha worst African currencies in 2014

Ghana's cedi and Zambia's kwacha are set to end 2014 as the worst performing African currencies among a small basket that are relatively liquid, as falling commodity prices take a toll on some of the continent's "lion" economies. The cedi has lost about 2
Published 02 Jan, 2015 12:00am
Nigerian naira rises

Nigerian naira rises

The Nigerian naira rose against the dollar in thin trade but closed at 181.50, a 13 percent fall on the year from last December's 160.60, according to Thomson Reuters data. The stock market ended the year down 16 percent. The central bank devalued the nai
Published 02 Jan, 2015 12:00am
ECB QE doubts hurt euro, certainty could lift it

ECB QE doubts hurt euro, certainty could lift it

As long as the European Central Bank remains vague about plans for further asset purchases, the euro could weaken, while clarity and a firm timetable for bond buying could prompt demand for the single currency. This might seem paradoxical as a policy of q
Published 02 Jan, 2015 12:00am
Speculators raise dollar longs in latest week

Speculators raise dollar longs in latest week

Speculators renewed their net long US dollar position in the last week from their the smallest level in three months in the prior week, data from the Commodity Futures Trading Commission released late Tuesday showed. The value of the dollar's net long pos
Published 02 Jan, 2015 12:00am
Hong Kong Exchange Fund assets HK$3.23 trillion end-November

Hong Kong Exchange Fund assets HK$3.23 trillion end-November

Assets at the Exchange Fund, which is used to back the Hong Kong dollar, totalled HK$3,226.8 billion ($416.10 billion) at the end of November, the Hong Kong Monetary Authority (HKMA) said on Wednesday. The figure was HK$56.3 billion higher than the total
Published 02 Jan, 2015 12:00am
Hong Kong Exchange Fund assets HK$3.23 trillion end-November

Hong Kong Exchange Fund assets HK$3.23 trillion end-November

Assets at the Exchange Fund, which is used to back the Hong Kong dollar, totalled HK$3,226.8 billion ($416.10 billion) at the end of November, the Hong Kong Monetary Authority (HKMA) said on Wednesday. The figure was HK$56.3 billion higher than the total
Published 02 Jan, 2015 12:00am
Belarus cuts duty on FX purchases

Belarus cuts duty on FX purchases

Belarus is cutting duty on foreign currency purchases to 20 percent from 30 percent, its finance ministry said in a statement on Monday. Duty will be cut for purchases via exchanges with immediate effect, it said. Duty for purchases by private citizens wi
Published 02 Jan, 2015 12:00am
Dollar rises in thin trade, notches strongest year since 1997

Dollar rises in thin trade, notches strongest year since 1997

The US dollar ended 2014 with a gain of nearly 13 percent against a basket of major currencies on Wednesday, its strongest year since 1997 and, according to most major banks, just a prelude to a further rise next year. Traders favoured the dollar as this
Published 02 Jan, 2015 12:00am
Loonie firms on the day but sees worst year since 2008

Loonie firms on the day but sees worst year since 2008

The Canadian dollar firmed modestly against the greenback on Wednesday, finding some respite on the last day of a tough 2014 in which it racked up its worst performance in six years. The Canadian dollar started the year as many investors' top short positi
Published 02 Jan, 2015 12:00am
2015 the year the market needs dollars?

2015 the year the market needs dollars?

Traders may be scrambling for dollars out of necessity in 2015 whereas this year, it could be argued, the market simply viewed buying the currency as a profitable transaction. In both cases the dollar rises, but there is a big difference in trader behavio
Published 02 Jan, 2015 12:00am
Sri Lankan rupee forwards end weaker

Sri Lankan rupee forwards end weaker

Sri Lankan rupee forwards ended weaker on Thursday due to mild importer dollar demand and exporters stayed away hoping for further weakening of currency but the central bank capped the fall. Four-day forwards, which were actively traded, ended at 132.20/3
Published 02 Jan, 2015 12:00am
India added net $3.12 billion in up to one-year forex forwards

India added net $3.12 billion in up to one-year forex forwards

The Reserve Bank of India added a net $3.12 billion of up to one-year forwards in November, higher than the $1.79 billion added in the previous month, according to Reuters calculations based on data from the central bank's website. The RBI's net forward o
Published 02 Jan, 2015 12:00am
'Smart' ETFs collect assets, but not winning records

'Smart' ETFs collect assets, but not winning records

So-called "smart beta" funds, the fastest-growing segment of the exchange-traded fund market, are sold as index funds but are actively - sometimes frenetically - traded portfolios that can whipsaw investors and often fail to deliver the outsized returns t
Published 02 Jan, 2015 12:00am
'Smart' ETFs collect assets, but not winning records

'Smart' ETFs collect assets, but not winning records

So-called "smart beta" funds, the fastest-growing segment of the exchange-traded fund market, are sold as index funds but are actively - sometimes frenetically - traded portfolios that can whipsaw investors and often fail to deliver the outsized returns t
Published 02 Jan, 2015 12:00am
Indian shares little changed; telecom stocks surge

Indian shares little changed; telecom stocks surge

Indian shares ended little changed on the first trading day of 2015 as gains in telecom stocks such as Bharti Airtel on news of spectrum pricing were offset by profit-taking in some bluechips. Trading volume was low as most investors were away for New Yea
Published 02 Jan, 2015 12:00am
Burger chain Shake Shack files for IPO

Burger chain Shake Shack files for IPO

Burger chain Shake Shack Inc, which grew out of a hot dog stand in New York's Madison Square Park, has filed for an initial public offering at a time when stock offerings by casual restaurants have proven to be a big hit with investors. Shake Shack, known
Published 02 Jan, 2015 12:00am
Burger chain Shake Shack files for IPO

Burger chain Shake Shack files for IPO

Burger chain Shake Shack Inc, which grew out of a hot dog stand in New York's Madison Square Park, has filed for an initial public offering at a time when stock offerings by casual restaurants have proven to be a big hit with investors. Shake Shack, known
Published 02 Jan, 2015 12:00am
TSX ends 2014 with 7.4 percent gain despite oil's fall

TSX ends 2014 with 7.4 percent gain despite oil's fall

Canada's main stock index closed little changed after a choppy session on Wednesday, but it ended 2014 in positive territory despite a precipitous slide in oil prices that hit the resource-heavy index hard in the second half of the year. The index rose 7.
Published 02 Jan, 2015 12:00am
Taiwan to widen daily trading range for shares

Taiwan to widen daily trading range for shares

Taiwan's stock exchange regulator is considering widening the daily range in which shares can trade, but any move may still be half a year away. An official with the island's Financial Supervisory Commission who is involved in the study said that the dail
Published 02 Jan, 2015 12:00am
Most markets closed

Most markets closed

The stocks, financial and commodity markets closed on Thursday mostly around the world due to New Year Day holiday. The following markets are closed on Thursday ie New York, London, European markets, Australia, New Zealand, China, Hong Kong, the Philippin
Published 02 Jan, 2015 12:00am
China funds reduce equity allocations as markets rally

China funds reduce equity allocations as markets rally

Chinese fund managers trimmed suggested equity weightings in their portfolios for the next three months as they grew cautious about mainland stock markets after a surge of around 20 percent over the past month, a Reuters poll shows. Fund managers lowered
Published 02 Jan, 2015 12:00am
China funds reduce equity allocations as markets rally

China funds reduce equity allocations as markets rally

Chinese fund managers trimmed suggested equity weightings in their portfolios for the next three months as they grew cautious about mainland stock markets after a surge of around 20 percent over the past month, a Reuters poll shows. Fund managers lowered
Published 02 Jan, 2015 12:00am
Japan government to sell stake in Japan Post

Japan government to sell stake in Japan Post

The Japanese government plans to sell part of its stake in Japan Post Holdings and its banking and insurance units in a public offering in September, two sources with knowledge of the plan said. Japan Post president Taizo Nishimuro will hold a press brief
Published 02 Jan, 2015 12:00am
Japan government to sell stake in Japan Post

Japan government to sell stake in Japan Post

The Japanese government plans to sell part of its stake in Japan Post Holdings and its banking and insurance units in a public offering in September, two sources with knowledge of the plan said. Japan Post president Taizo Nishimuro will hold a press brief
Published 02 Jan, 2015 12:00am
Wall Street lower but finishes year with solid gains

Wall Street lower but finishes year with solid gains

US stocks fell on Wednesday as crude oil prices continued their descent, but the S&P closed out a third straight year of double-digit gains. For the year, the Dow ended up 7.5 percent, notching its sixth straight annual gain, and the Nasdaq rose 13.4 perc
Published 02 Jan, 2015 12:00am
Treasuries post best year since 2011

Treasuries post best year since 2011

US Treasuries ended the year stronger on Wednesday as they closed out a year that was the best since 2011, confounding investors who had bet that bonds prices would fall as an expected interest rate hike by the Federal Reserve gets closer. Many investors
Published 02 Jan, 2015 12:00am
Treasuries post best year since 2011

Treasuries post best year since 2011

US Treasuries ended the year stronger on Wednesday as they closed out a year that was the best since 2011, confounding investors who had bet that bonds prices would fall as an expected interest rate hike by the Federal Reserve gets closer. Many investors
Published 02 Jan, 2015 12:00am
Against the odds, German Bund yields post biggest annual fall since 2008

Against the odds, German Bund yields post biggest annual fall since 2008

German Bund yields hit a new record low on Tuesday, ending 2014 with their biggest annual fall in six years, as expectations of further monetary easing by the European Central Bank bolstered an unexpected rally. A Reuters poll a year ago forecast 10-year
Published 02 Jan, 2015 12:00am
Against the odds, German Bund yields post biggest annual fall since 2008

Against the odds, German Bund yields post biggest annual fall since 2008

German Bund yields hit a new record low on Tuesday, ending 2014 with their biggest annual fall in six years, as expectations of further monetary easing by the European Central Bank bolstered an unexpected rally. A Reuters poll a year ago forecast 10-year
Published 02 Jan, 2015 12:00am
Funds positive on UAE, Egypt stocks in era of cheap oil: survey

Funds positive on UAE, Egypt stocks in era of cheap oil: survey

The United Arab Emirates and Egypt appear the most attractive among major Middle Eastern stock markets in an era of low oil prices, the latest Reuters survey of regional asset managers suggests. The plunge of oil and equity prices over the last several mo
Published 02 Jan, 2015 12:00am
US bonds set for more modest year after banner 2014

US bonds set for more modest year after banner 2014

The US bond market could enjoy a solid 2015, but don't expect a repeat of the spectacular run that some fixed-income sectors enjoyed this year, investors said on Wednesday. US government debt that matures in 20 years and beyond is on track for a 27 percen
Published 02 Jan, 2015 12:00am
US bonds set for more modest year after banner 2014

US bonds set for more modest year after banner 2014

The US bond market could enjoy a solid 2015, but don't expect a repeat of the spectacular run that some fixed-income sectors enjoyed this year, investors said on Wednesday. US government debt that matures in 20 years and beyond is on track for a 27 percen
Published 02 Jan, 2015 12:00am
India cautions investors against multi-level marketing firms

India cautions investors against multi-level marketing firms

India's central bank on Thursday cautioned investors against multi-level marketing firms that promise high returns and run on hefty member susbscription fees, warning such offers could result in direct financial losses. Multilevel marketing structures wor
Published 02 Jan, 2015 12:00am
India raises factory gate duties on petrol, diesel

India raises factory gate duties on petrol, diesel

India on Thursday raised factory gate duties on petrol and diesel by 2 rupees ($0.03) a litre to fund infrastructure projects in the current and next fiscal years. The increase, the third since Prime Minister Narendra Modi lifted diesel price controls in
Published 02 Jan, 2015 12:00am
India raises factory gate duties on petrol, diesel

India raises factory gate duties on petrol, diesel

India on Thursday raised factory gate duties on petrol and diesel by 2 rupees ($0.03) a litre to fund infrastructure projects in the current and next fiscal years. The increase, the third since Prime Minister Narendra Modi lifted diesel price controls in
Published 02 Jan, 2015 12:00am
Ethiopia dam project could start power generation by June

Ethiopia dam project could start power generation by June

A much-delayed $1.8 billion dam project under construction along Ethiopia's Omo river could begin generating power by June and be fully operational by early 2016, an official said on Thursday. Gilgel Gibe 3 will nearly double the country's energy output,
Published 02 Jan, 2015 12:00am
Lithuania smoothly transitions to euro

Lithuania smoothly transitions to euro

Lithuania welcomed a New Year and a new currency on Thursday, becoming the last Baltic nation to adopt the euro in a bid to boost stability despite fears of inflation and eurozone debt woes. Prime Minister Algirdas Butkevicius withdrew his first 10-euro b
Published 02 Jan, 2015 12:00am
Annual Nepra report: power sector marred by major irritants

Annual Nepra report: power sector marred by major irritants

National Electric Power Regulatory Authority (Nepra) in its annual report 2013- 14 has said that power sector is marred by circular debt, expensive energy mix, inefficient power plants, high transmission and distribution losses and bad management. Habib U
Published 02 Jan, 2015 12:00am
20 percent increase in gas price likely

20 percent increase in gas price likely

Gas prices may increase by 20 percent if the government supports Oil and Gas Regularity Authority's (Ogra) recommendations, a senior official of Petroleum Ministry revealed to Business Recorder. The government's refusal to implement Ogra recommenda
Published 02 Jan, 2015 12:00am
20 percent increase in gas price likely

20 percent increase in gas price likely

Gas prices may increase by 20 percent if the government supports Oil and Gas Regularity Authority's (Ogra) recommendations, a senior official of Petroleum Ministry revealed to Business Recorder. The government's refusal to implement Ogra recommenda
Published 02 Jan, 2015 12:00am
20 percent increase in gas price likely

20 percent increase in gas price likely

Gas prices may increase by 20 percent if the government supports Oil and Gas Regularity Authority''s (Ogra) recommendations, a senior official of Petroleum Ministry revealed to Business Recorder. The government''s refusal to implement Ogra recommen
Published 02 Jan, 2015 12:00am
POL products: opposition senators walk out against GST imposition

POL products: opposition senators walk out against GST imposition

The joint opposition staged a walkout from Senate on Thursday in protest against the imposition of five percent (general sales tax) GST on petroleum products, terming it a step contrary to constitutional provisions. They urged the government to rescind it
Published 02 Jan, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (January 01, 2015).

Published 02 Jan, 2015 12:00am
POL products: opposition senators walk out against GST imposition

POL products: opposition senators walk out against GST imposition

The joint opposition staged a walkout from Senate on Thursday in protest against the imposition of five percent (general sales tax) GST on petroleum products, terming it a step contrary to constitutional provisions. They urged the government to rescind it
Published 02 Jan, 2015 12:00am
POL products: opposition senators walk out against GST imposition

POL products: opposition senators walk out against GST imposition

The joint opposition staged a walkout from Senate on Thursday in protest against the imposition of five percent (general sales tax) GST on petroleum products, terming it a step contrary to constitutional provisions. They urged the government to rescind it
Published 02 Jan, 2015 12:00am
POL products: opposition senators walk out against GST imposition

POL products: opposition senators walk out against GST imposition

The joint opposition staged a walkout from Senate on Thursday in protest against the imposition of five percent (general sales tax) GST on petroleum products, terming it a step contrary to constitutional provisions. They urged the government to rescind it
Published 02 Jan, 2015 12:00am
Policy framework drafted for foreign assistance

Policy framework drafted for foreign assistance

The Economic Affairs Division (EAD) has drafted a foreign assistance policy framework ensuring that grants and concessional loans are used only for those projects that exclusively contribute to investment and particularly designed to accelerate economic g
Published 02 Jan, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 01, 2015).

Published 02 Jan, 2015 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Thursday (January 01, 2015) and for Friday (January 02, 2015).
Published 02 Jan, 2015 12:00am
Nawaz invites Zardari, others over military courts

Nawaz invites Zardari, others over military courts

Prime Minister Nawaz Sharif has decided to invite heads of all the Parliamentary parties today (Friday) to review the progress pertaining to the implementation of the National Action Plan (NAP) so far made. Prime Minister will consult all the heads of the
Published 02 Jan, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (January 01, 2015)

Published 02 Jan, 2015 12:00am
Consensus achieved must not be lost to petty issues: CoAS

Consensus achieved must not be lost to petty issues: CoAS

Chief of Army Staff (CoAS) General Raheel Sharif said on Thursday that entire nation was looking towards political and military leadership to take bold and meaningful decisions against terrorists and their sympathisers. Talking to the 78th Corps Commander
Published 02 Jan, 2015 12:00am
Consensus achieved must not be lost to petty issues: CoAS

Consensus achieved must not be lost to petty issues: CoAS

Chief of Army Staff (CoAS) General Raheel Sharif said on Thursday that entire nation was looking towards political and military leadership to take bold and meaningful decisions against terrorists and their sympathisers. Talking to the 78th Corps Commander
Published 02 Jan, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (January 01, 2015).

Published 02 Jan, 2015 12:00am
Turkmenistan devalues currency against dollar

Turkmenistan devalues currency against dollar

The energy-rich former Soviet republic of Turkmenistan Thursday devalued its currency against the US dollar by 18 percent, in the latest sign of contagion among Russia''s neighbours from the plunging ruble. The highly secretive Central Asian country has v
Published 02 Jan, 2015 12:00am
THE RUPEE: slight fall

THE RUPEE: slight fall

The rupee failed to sustain its overnight gains in relation to the dollar on the money market on Thursday in the process of trading, dealers said. The rupee shed 10-paisa versus the dollar for buying and selling at Rs 100.50 and Rs 100.70 respectively, ho
Published 02 Jan, 2015 12:00am
Policy framework drafted for foreign assistance

Policy framework drafted for foreign assistance

The Economic Affairs Division (EAD) has drafted a foreign assistance policy framework ensuring that grants and concessional loans are used only for those projects that exclusively contribute to investment and particularly designed to accelerate economic g
Published 02 Jan, 2015 12:00am
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