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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-01-13
OECD indicator signals stable growth; Germany flagging

OECD indicator signals stable growth; Germany flagging

International economic growth is set to remain stable across the OECD area as a whole and in the euro zone, despite signs that Germany, Europe's largest economy, is losing steam, the Organisation for Economic Co-operationa and Development said. The Paris-
Published 13 Jan, 2015 12:00am
Big business demands more as India defends pace of change

Big business demands more as India defends pace of change

India must tackle its crumbling infrastructure, stifling red tape and lay out clear policies if it is to attract the billions of dollars of outside investment it sorely needs, foreign bosses said on the fringes of a high-profile summit. The so-called "Dav
Published 13 Jan, 2015 12:00am
Gulf markets edge down as oil drops; Saudi banks strong

Gulf markets edge down as oil drops; Saudi banks strong

Gulf stock markets ran out of steam on Monday after several strong sessions as oil prices fell by more than $1 a barrel, although positive fourth-quarter corporate earnings supported individual stocks. Brent crude traded below $49 after analysts at Goldma
Published 13 Jan, 2015 12:00am
Australian shares fall

Australian shares fall

Australian shares fell on Monday as investors looked past upbeat domestic employment data and sold down resource sectors following continued weakness in the prices of oil and iron ore. Weak US jobs data and a negative lead from offshore equities markets a
Published 13 Jan, 2015 12:00am
Indian shares rise

Indian shares rise

Indian shares reversed losses to end stronger on Monday on optimism ahead of the retail inflation data due later in the day while sentiment was boosted after European shares gained on increased mergers and acquisition activity in the healthcare sector. Th
Published 13 Jan, 2015 12:00am
Monday's early trade: Wall Street falls as oil prices drag

Monday's early trade: Wall Street falls as oil prices drag

US stocks lost ground on Monday, extending a two-week decline for equities, as weakness in oil prices weighed on the energy sector ahead of the start of corporate earnings season. Oil prices continued their downward march and were a drag on equities. Bren
Published 13 Jan, 2015 12:00am
Hong Kong's key index rises on tycoon Li's corporate revamp plan

Hong Kong's key index rises on tycoon Li's corporate revamp plan

Hong Kong's key share index edged up on Monday, lifted by the business restructuring plan announced late on Friday by Li Ka-shing, Asia's richest man. Li plans to split his conglomerate into his two largest listed companies, one focusing on property and t
Published 13 Jan, 2015 12:00am
Southeast Asian markets: Thai trims gains; Indonesia declines

Southeast Asian markets: Thai trims gains; Indonesia declines

Thai stocks edged higher on Monday, helped by selective buying in a results season, but large-cap energy stocks fell as declining oil prices dented earnings prospects. Most other markets in Southeast Asia ended little-changed to weaker, with the Indonesia
Published 13 Jan, 2015 12:00am
China stock investor confidence hits record high

China stock investor confidence hits record high

Investor confidence in China's stocks touched a record high in December as the mainland's bluechip index jumped 26 percent in the month thanks to a slew of official financial reforms, local media reported on Monday. The monthly index compiled by the China
Published 13 Jan, 2015 12:00am
China stocks end lower

China stocks end lower

China stocks closed down on Monday as investors sold shares to raise funds for upcoming new listings this week. A larger pipeline of supply means investors will unlock capital in some stock investments in order to subscribe for new initial public offering
Published 13 Jan, 2015 12:00am
European shares end higher

European shares end higher

European shares ended higher in volatile trade on Monday as slumping oil prices lifted shares of companies that benefit from lower fuel prices, such as airline Lufthansa, helping to offset a fall in energy companies' shares. Energy shares mirrored the for
Published 13 Jan, 2015 12:00am
South African stocks slip

South African stocks slip

South African stocks fell in volatile trade on Monday as poor manufacturing data hit chemicals maker AECI while iron ore producers extended their 2014 slide as Chinese demand for their commodity remains subdued. Domestic data on Monday showed that manufac
Published 13 Jan, 2015 12:00am
Sri Lankan shares retreat from near four-year high

Sri Lankan shares retreat from near four-year high

Sri Lanka's main stock index fell on Monday after climbing to a near four-year high as investors took profits amid uncertainty around new President Maithripala Sirisena's economic policies. The main stock index rose 0.9 percent to 7,670.98, its highest si
Published 13 Jan, 2015 12:00am
FTSE underperforms European shares as oil and energy stocks fall

FTSE underperforms European shares as oil and energy stocks fall

Britain's top share index was steady on Monday, giving away early gains after falls on Wall Street and underperforming continental European shares as heavily weighted oil and energy companies dropped. Brent oil fell 5 percent, dropping below $48 a barrel
Published 13 Jan, 2015 12:00am
Sri Lankan rupee forwards flat

Sri Lankan rupee forwards flat

Sri Lanka rupee forwards ended steady on Monday in dull trade as the market awaited direction after Maithripala Sirisena won the presidential election. Former President Mahinda Rajapaksa lost his bid for a third term on Friday, ending a decade of rule tha
Published 13 Jan, 2015 12:00am
Aussie, New Zealand dollar regain poise

Aussie, New Zealand dollar regain poise

The Australian and New Zealand dollars regained further ground on Monday courtesy of a broadly weaker US counterpart and expectations the European Central Bank will soon be forced to take bold stimulus measures. The Australian dollar climbed to $0.8231, b
Published 13 Jan, 2015 12:00am
Dollar ease slightly in Asia

Dollar ease slightly in Asia

The greenback eased slightly in Asia on Monday as dollar bulls struggled to get over their disappointment at a US payrolls report that showed an unexpected fall in wages. A holiday in Japan combined with a dearth of market-moving economic news in the regi
Published 13 Jan, 2015 12:00am
Early trade in New York: Dollar drifts lower in choppy trading

Early trade in New York: Dollar drifts lower in choppy trading

The dollar inched lower against the yen and euro on Monday in volatile trading, pressured by weakness in US stocks as the currency's positive outlook was somewhat diminished by surprisingly weak US wage data on Friday. Friday's wage numbers cast doubt on
Published 13 Jan, 2015 12:00am
Dollar up in London as post-payrolls chill fades

Dollar up in London as post-payrolls chill fades

The dollar crept higher on Monday, recovering from a dip after surprisingly weak US wages data that gave the vast majority of investors who see a stronger greenback this year room to reload. Dealers said there had been leveraged demand for dollars from th
Published 13 Jan, 2015 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 77.92-77.95 (previous 77.95-77.95). Call Money Rates: 07.00-09.50 percent (* Previous 05.75-09.50 percent). (* revised).
Published 13 Jan, 2015 12:00am
Egyptian pound steady

Egyptian pound steady

The Egyptian pound was unchanged at a central bank dollar sale on Monday and strengthened on the black market. The bank offered $40 million at the sale and said it had sold $38.4 million at a cut-off price of 7.1401 pounds to the dollar, a rate unchanged
Published 13 Jan, 2015 12:00am
Asian forex: Rupiah and won lead gains

Asian forex: Rupiah and won lead gains

Asian currencies rose broadly on Monday after US jobs data showed a surprise drop in wages and prompted investors to pare their bullish bets on the greenback. Leading the gains were the South Korean won and the Indonesian rupiah, with the won hitting a tw
Published 13 Jan, 2015 12:00am
Asian currencies seen up

Asian currencies seen up

Emerging Asian currencies will hold ground against the dollar this year, with the Chinese yuan likely to gain a little, despite strong expectations the US Federal Reserve will start hiking interest rates, a Reuters poll showed. Still, any gains will proba
Published 13 Jan, 2015 12:00am
Sterling hovers near 18-month lows

Sterling hovers near 18-month lows

Sterling hovered near 18-month lows against the dollar on Monday as investors bet that data on Tuesday is likely to show inflation dropping, keeping pressure off the Bank of England to raise rates. Traders also cited a $5.2 billion take-over by London-lis
Published 13 Jan, 2015 12:00am
Russian central bank sold $76 billion to prop up ruble in 2014: data

Russian central bank sold $76 billion to prop up ruble in 2014: data

Russia's central bank in 2014 sold $76.1 billion and 5.4 billion euros in attempts to support the ruble, statistics published Monday said, as the currency continued to fall. Last year, the ruble lost 41 percent of its value against the dollar and 34 perce
Published 13 Jan, 2015 12:00am
Federer beats Hewitt

Federer beats Hewitt

Roger Federer fought his way to a tough win over old rival Lleyton Hewitt in the Fast4 tennis exhibition in Sydney on Monday. The Swiss world number two continued his unbeaten run into the new season with a 4-3, 2-3, 3-4, 4-0, 4-3 win over the Australian
Published 13 Jan, 2015 12:00am
Barca star trio down Atletico to ease crisis talk

Barca star trio down Atletico to ease crisis talk

Lionel Messi, Neymar and Luis Suarez were all on target as Barcelona eased talk of a club crisis with a 3-1 win over La Liga champions Atletico Madrid on Sunday. Messi shrugged off speculation surrounding his future at the Camp Nou to cross for Neymar to
Published 13 Jan, 2015 12:00am
Bravo, Pollard omissions leave Gayle fuming

Bravo, Pollard omissions leave Gayle fuming

Chris Gayle has accused the West Indies Cricket Board (WICB) of victimisation after key all-rounders Dwayne Bravo and Kieron Pollard were left out of the country's World Cup squad. The powerful left-handed opener was left flabbergasted by the axing of the
Published 13 Jan, 2015 12:00am
Williamson out with shoulder injury

Williamson out with shoulder injury

New Zealand's Kane Williamson is likely to miss the next three one-day internationals in the World Cup warm-up series against Sri Lanka to recover from a minor shoulder injury. The top-order batsman damaged the shoulder when fielding in the first test aga
Published 13 Jan, 2015 12:00am
PCB announces 'Haier President's Gold and Silver Cup' schedule

PCB announces 'Haier President's Gold and Silver Cup' schedule

Pakistan Cricket Board (PCB) Monday announced the schedule of Haier President's Gold and Silver Cup One Day Tournaments 2014-2015. Gold Cup One Day tournament will start from January 19 and final will be played on February 1. Silver Cup One Day will start
Published 13 Jan, 2015 12:00am
United top Premier League salary list

United top Premier League salary list

Manchester United have the highest wage bill in the Premier League, according to figures released on Monday. United paid out a total £214.8 million ($324 million) on salaries in the 2013-14 season, while English champions Manchester City's wage costs drop
Published 13 Jan, 2015 12:00am
Gymkhana players shine in Golf 'Inter Club Team Match'

Gymkhana players shine in Golf 'Inter Club Team Match'

In the Inter Club Team Match between a 26-member Lahore Gymkhana Golf Team and Royal Palm Golf Club Team, contested at the Gymkhana Golf Course, the honours went to the host team due to superb performance by Gymkhana players who combined exceedingly well
Published 13 Jan, 2015 12:00am
England get off to a winning start Down Under

England get off to a winning start Down Under

England's new-look top order all scored half centuries as the tourists made a strong start to their trip Down Under for the World Cup with a thumping 216-run win over Australian Capital Territory XI on Monday. Eoin Morgan won the toss in his first match a
Published 13 Jan, 2015 12:00am
Kasim magic inspires Iraq; Japan trounce Palestine

Kasim magic inspires Iraq; Japan trounce Palestine

Yaser Kasim's wizardry earned Iraq a 1-0 win victory Jordan on Monday, while defending champions Japan were disappointed despite slamming four past Palestine. The late match between the Middle East rivals looked to be heading for a gritty draw before Kasi
Published 13 Jan, 2015 12:00am
Mozambique's beer poisoning toll climbs to 69

Mozambique's beer poisoning toll climbs to 69

A total 69 people have died of poisoning after drinking traditional beer in northwesten Mozambique, public radio reported Monday. More than 30 others remain hospitalised after funeral-goers apparently ingested the home-brewed beer known locally as "phombe
Published 13 Jan, 2015 12:00am
SpaceX cargo ship reaches International Space Station

SpaceX cargo ship reaches International Space Station

SpaceX's unmanned Dragon cargo ship arrived Monday at the International Space Station, carrying 2.6 tons of food and supplies for the astronauts at the orbiting research laboratory. "We have captured Dragon," NASA commentator Rob Navias said as the space
Published 13 Jan, 2015 12:00am
Top diplomats meet to try and save Ukraine peace summit

Top diplomats meet to try and save Ukraine peace summit

Foreign ministers from Ukraine, Russia, Germany and France met Monday in Berlin to try and resolve tensions threatening to scupper a planned summit on ending the Ukrainian conflict. Ukrainian President Petro Poroshenko hopes that a summit of the four coun
Published 13 Jan, 2015 12:00am
Havana has freed all 53 political prisoners in US-Cuba deal

Havana has freed all 53 political prisoners in US-Cuba deal

Cuba has freed all 53 political prisoners agreed to in last month's normalisation deal with the United States, a senior US administration official said Monday. "We welcome this very positive development and are pleased that the Cuban government followed t
Published 13 Jan, 2015 12:00am
Iran calls for greater Russian role in nuclear talks

Iran calls for greater Russian role in nuclear talks

Iran's Foreign Minister Mohammad Javad Zarif said Monday that a more active role for Russia could speed up talks aimed at sealing a comprehensive deal on Tehran's disputed nuclear programme. With meetings between Iran and world powers to resume in Geneva
Published 13 Jan, 2015 12:00am
14 dead, dozens ill from alcohol poisoning in India

14 dead, dozens ill from alcohol poisoning in India

At least 14 people died and dozens of others were seriously ill after consuming toxic liquor in northern India Monday, officials said, in the latest incident of alcohol poisoning in the country. The victims were rushed to various hospitals after the incid
Published 13 Jan, 2015 12:00am
Brazil auto workers protest layoffs

Brazil auto workers protest layoffs

Thousands of workers from Volkswagen, Mercedes and Ford plants in Brazil on Monday blocked a Sao Paulo thoroughfare as they protested at sector layoffs. Unions said some 20,000 workers joined the protest - police told AFP they put the figure nearer 7,000
Published 13 Jan, 2015 12:00am
Erdogan blasts Netanyahu for 'daring' to attend Paris rally

Erdogan blasts Netanyahu for 'daring' to attend Paris rally

Turkish President Recep Tayyip Erdogan on Monday blasted Israeli Premier Benjamin Netanyahu for "daring" to attend the weekend's anti-terror solidarity march in Paris, accusing him of leading "state terrorism" against the Palestinians. The comments were t
Published 13 Jan, 2015 12:00am
South Sudan rivals in Khartoum for China-led peace talks

South Sudan rivals in Khartoum for China-led peace talks

Warring South Sudanese rivals met for Chinese-mediated talks in Khartoum on Monday, agreeing to "immediately work to stop hostilities," Sudan's foreign minister said. The rivals also agreed to "speed up the pace of negotiations to form a transitional gove
Published 13 Jan, 2015 12:00am
Airbus to equip long-haul jets with floatable black boxes

Airbus to equip long-haul jets with floatable black boxes

Long-haul Airbus A350 and A380 passengers jets will soon come equipped with ejectable black boxes that can float, making them easier to find in an air crash at sea, aviation sources said Monday. "At the end of last year Airbus got the green light from EAS
Published 13 Jan, 2015 12:00am
Bulgaria detains Syria-bound Frenchman

Bulgaria detains Syria-bound Frenchman

Bulgaria has arrested a Frenchman wanted in his own country for terrorism and who allegedly planned to take his son to receive a radical Islamist upbringing in Syria, prosecutors said Monday. Fritz Jolie Joaquin, 29, a French citizen of Haitian origin, wa
Published 13 Jan, 2015 12:00am
Fire guts Ethiopian hotel made famous by 'Scoop'

Fire guts Ethiopian hotel made famous by 'Scoop'

Fire has badly damaged a historic hotel in Ethiopia's capital made famous as the setting for Evelyn Waugh's 1938 satirical novel "Scoop". A fierce blaze late Saturday swept through the Itegue Taitu Hotel in Addis Ababa, built in the early 1900s and one of
Published 13 Jan, 2015 12:00am
Pope heads to Sri Lanka, kicking off Asia trip

Pope heads to Sri Lanka, kicking off Asia trip

Pope Francis set off on Monday for a six-day trip to Sri Lanka and the Philippines, where his open-air masses are expected to draw millions. The pope left at 7:00 pm local time (1800 GMT) from Rome's Fiumicino airport and was expected to land in the Sri L
Published 13 Jan, 2015 12:00am
ICE March cotton maintains losses after USDA report

ICE March cotton maintains losses after USDA report

Cotton futures maintained losses from earlier in the session on Monday after the US Department of Agriculture raised projections for US and world production and ending stocks in the 2014/15 crop year. The front-month March cotton contract on ICE Futures U
Published 13 Jan, 2015 12:00am
Shanghai copper falls

Shanghai copper falls

The most-traded March copper contract on the Shanghai Futures Exchange fell by 1.3 percent to 43,960 yuan ($7,091) a tonne on Monday, having hit its weakest since December 1. Investors betting further losses were to come given stuttering demand growth in
Published 13 Jan, 2015 12:00am
Copper tumbles to lowest in more than five years

Copper tumbles to lowest in more than five years

Copper prices slid to their lowest in more than five years on Monday as further weakness in oil kept commodity markets under pressure, investors worried about excess supplies and speculators kept up their selling. Three-month copper on the London Metal Ex
Published 13 Jan, 2015 12:00am
Oil tumbles five percent to new low on Goldman price forecast cut

Oil tumbles five percent to new low on Goldman price forecast cut

Oil prices slumped more than 5 percent on Monday after an influential Wall Street bank cut its forecasts and Gulf producers showed no sign of being willing to curb output. Brent was down $2.36 to $47.75 a barrel by 1:44 pm EST (1644 GMT), after dropping t
Published 13 Jan, 2015 12:00am
Ukrainian grain exports at 20 million tonnes

Ukrainian grain exports at 20 million tonnes

Ukraine, which has promised to prevent grain export curbs this season, exported a total of 20 million tonnes of grain in the period from July 1 2014 to January 12 2015, the agriculture ministry said on Monday. The volume included 8.3 million tonnes of whe
Published 13 Jan, 2015 12:00am
Rains refresh corn and soya fields in Argentina

Rains refresh corn and soya fields in Argentina

Rains alleviated dry Argentine corn and soya fields over the weekend, helping to avoid yield losses that had been feared would follow weeks of unusually hot and dry weather, a local climate expert said on Monday. The Argentine government expects 20.2 mill
Published 13 Jan, 2015 12:00am
Palm oil edges up on prospect of tight supplies

Palm oil edges up on prospect of tight supplies

Malaysian palm oil futures rose on Monday to hover near six-month highs on concerns over tight supplies in the No 2 grower after industry data revealed that end-stocks have dropped to their lowest in five months. Official data from industry regulator the
Published 13 Jan, 2015 12:00am
Arabica coffee rise on worries over Brazil's weather

Arabica coffee rise on worries over Brazil's weather

Arabica coffee rose for a sixth straight day on Monday on concerns over below-normal rainfall in Brazil, while raw sugar edged down, pressured by a slide in oil prices and a firm dollar. New York cocoa firmed in light chart-based buying, with traders expe
Published 13 Jan, 2015 12:00am
Gold climbs in Asia

Gold climbs in Asia

Gold rose on Monday to its highest level in a month because of weakness in the dollar and a further decline in oil prices which sparked safe-haven bids for the precious metal. The dollar dipped after an unexpected fall in US wages tainted what was otherwi
Published 13 Jan, 2015 12:00am
Gold dips in Europe

Gold dips in Europe

Gold retreated from a one-month high on Monday, as the dollar and shares rose, but doubts over the likely timing of an increase in US interest rates this year were seen likely to bolster investment demand in the short term. US nonfarm payrolls data on Fri
Published 13 Jan, 2015 12:00am
US MIDDAY: Corn and wheat lower

US MIDDAY: Corn and wheat lower

US grain and soyabean prices were lower on Monday, declining in sympathy with crude oil and stocks ahead of a government crop report due at midday that was expected to show robust global grain supplies. Analysts polled by Reuters predicted the US Departme
Published 13 Jan, 2015 12:00am
US MIDDAY: gold hits one-month high

US MIDDAY: gold hits one-month high

Gold climbed to a one-month high early on Monday as the dollar pared gains and shares turned negative, with investor sentiment boosted by shifting expectations on when US interest rates may rise. Spot gold climbed to its highest since December 11 at $1,23
Published 13 Jan, 2015 12:00am
Security measures beefed up at LGH

Security measures beefed up at LGH

Post Graduate Medical Institute (PGMI) and Lahore General Hospital (LGH) Principal Professor Anjum Habib Vohra has directed to keep vigilant eye at overall security arrangements of LGH. He has ordered the contractors of hospital canteen and car parking to
Published 13 Jan, 2015 12:00am
Government failed miserably in tackling crises: JI Ameer

Government failed miserably in tackling crises: JI Ameer

Ameer of Jamaat-i-Islami (JI) Siraj-ul-Haq on Monday said that the incumbent government has failed miserably to improve the living standard of the people. Speaking to media persons after condoling with Pakistan Tehreek-e-Insaf (PTI) leader on the death of
Published 13 Jan, 2015 12:00am
National music festival on February 6

National music festival on February 6

A three-day 'National Music Festival' will be held under the auspices of Lahore University of Management Sciences (LUMS) here from 6th of next month. Country's brightest talent comes to surface through this festival. Singing, instrumental competition, bat
Published 13 Jan, 2015 12:00am
Polio campaign begins in Punjab

Polio campaign begins in Punjab

Prime Minister's Focal Person for Polio Eradication, MNA Ms Ayesha Raza Farooq, inaugurated the three-day polio campaign here at a local hospital in Model Town area on Monday. The current campaign spans over three days (12 to 14 January), and as part of t
Published 13 Jan, 2015 12:00am
FPCCI elections APBUMA chief felicitates Business Group

FPCCI elections APBUMA chief felicitates Business Group

The value added sector has felicitated the victory of Businessmen Group and Mian Muhammad Idrees in FPCCI election describing it a paradigm shift that has opened new avenues for the active participation of the business community in national level business
Published 13 Jan, 2015 12:00am
JAC condemns attack on peaceful rally in Lahore

JAC condemns attack on peaceful rally in Lahore

Joint Action Committee (JAC) on Monday has strongly condemned a recent attack on peaceful demonstrators in Lahore by religious extremists. They demanded that government should take strict action against those extremist elements who were involved in this a
Published 13 Jan, 2015 12:00am
'Old arms licences in Punjab will be cancelled'

'Old arms licences in Punjab will be cancelled'

Punjab Chief Secretary Khizar Hayat Gondal has said that Punjab will be put on the road to progress and development by implementing Punjab Chief Minister Muhammad Shahbaz Sharif's vision of good governance and merit. He expressed these views while presidi
Published 13 Jan, 2015 12:00am
Training workshop on 'Trade Facilitation Agreement' held

Training workshop on 'Trade Facilitation Agreement' held

Training workshop on 'Trade Facilitation Agreement' was held by the Directorate of Training & Research (Customs) at Customs House here on Monday. The workshop was organised in collaboration with Karachi Customs Agents Association (KCAA), which was chaired
Published 13 Jan, 2015 12:00am
ATCs award life-imprisonment to 10 criminals

ATCs award life-imprisonment to 10 criminals

Anti Terrorist Courts of Lahore, Sargodha and Dera Ghazi Khan have awarded life-imprisonment to ten criminals of high profile cases during the current week. Special Assistant to Chief Minister Rana Maqbool Ahmad has awarded commendatory certificates to th
Published 13 Jan, 2015 12:00am
Food safety workshop begins

Food safety workshop begins

National Productivity Organisation (NPO), Ministry of Industries in collaboration with APO (Asian Productivity Organisation) on Monday inaugurated a five-day international workshop on 'Food Safety and Quality (FSQ) Standards for Market Access.' The object
Published 13 Jan, 2015 12:00am
Pakistan-US Working Group discusses cooperation in tackling terrorism

Pakistan-US Working Group discusses cooperation in tackling terrorism

The Pakistan-US Working Group on Law Enforcement and Counter-Terrorism Monday held a useful and wide-ranging discussion on various US-Pakistan areas of co-operation. The discussions held in a cordial atmosphere were related to law-enforcement and counter
Published 13 Jan, 2015 12:00am
Operation will continue till elimination of criminals: SSP

Operation will continue till elimination of criminals: SSP

SSP Hyderabad Irfan Ali Baloch has thanked political and trade leaders as well citizens for eulogising him for his efforts and action in controlling crimes and ending no-go areas, dens of anti-social activities from Hyderabad city and has vowed to continu
Published 13 Jan, 2015 12:00am
Ferozsons Laboratories Limited

Ferozsons Laboratories Limited

Operating since 1956, Ferozsons Laboratories caters to the pharmaceutical market of Pakistan in the fields of cardiology, oncology, gastroenterology, dermatology and anti-infective. Besides being active in local markets, the company also exports to Asian
Published 13 Jan, 2015 12:00am
Ferozsons Laboratories Limited

Ferozsons Laboratories Limited

Operating since 1956, Ferozsons Laboratories caters to the pharmaceutical market of Pakistan in the fields of cardiology, oncology, gastroenterology, dermatology and anti-infective. Besides being active in local markets, the company also exports to Asian
Published 13 Jan, 2015 12:00am
Peace, stability in country linked to FATA: KP Governor

Peace, stability in country linked to FATA: KP Governor

Khyber Pakhtunkhwa Governor, Sardar Mahtab Ahmad Khan has said, making peace and stability and development on sustained basis in entire country is closely linked to the situation in FATA. Therefore, employment opportunities in FATA will have to be generat
Published 13 Jan, 2015 12:00am
Political autobiography of Abida Hussain launched

Political autobiography of Abida Hussain launched

The Oxford University Press launched the political autobiography of Syeda Abida Hussain entitled 'Power Failure; the Political Odyssey of a Pakistani Woman' here on Monday. Though Pakistani's government forms and breaks in Islamabad and not in Washington,
Published 13 Jan, 2015 12:00am
ANF seizes drugs worth Rs 90 million

ANF seizes drugs worth Rs 90 million

ANF during country-wide operations carried out at various cities recovered drug worth Rs 90 million in international market, besides arresting eight alleged drug traffickers. According to details, ANF Lahore on a tip-off seized a Nisan Sunny Car at Pindi
Published 13 Jan, 2015 12:00am
NAB authorises three inquiries against officers

NAB authorises three inquiries against officers

The Executive Board Meeting (EBM) of National Accountability Bureau (NAB) on Monday authorised three inquiries against Special Assistant to Ex-Chief Minister, Khyber Pakhtunkhwa (KPK), Ex-Secretary Workers Welfare Board, Balochistan and Vice Chancellor an
Published 13 Jan, 2015 12:00am
Partly Facetious: Bureaucracy will go where the winds blow

Partly Facetious: Bureaucracy will go where the winds blow

"I am so tired of all the tragedies - natural, terror-related, incompetence-related and not to forget related to zero implementation of vehicle laws that specify which vehicles should not be allowed to ply our roads..."
Published 13 Jan, 2015 12:00am
60 alleged criminals held during last 24 hours

60 alleged criminals held during last 24 hours

The city police on Monday claimed to have arrested around 60 alleged criminals in different targeted raids and encounters conducted at various parts of the metropolis during last 24 hours. Police said that their 82 raids and one encounter carried out as a
Published 13 Jan, 2015 12:00am
HEC chief vows to improve quality of education

HEC chief vows to improve quality of education

Higher Education Commission's (HEC) chairman Dr Mukhtar Ahmed said here on Monday that Pakistani universities are among the top 300 universities of Asia. "National University of Science and Technology (Nust) has ranked among the top 500 universities of th
Published 13 Jan, 2015 12:00am
TCP completes urea import operation

TCP completes urea import operation

Trading Corporation of Pakistan (TCP) successfully completed 0.46 million tons urea import to avert shortage in the domestic market. Sources told Business Recorder on Monday that cumulatively the country has spent $168 million on urea import during
Published 13 Jan, 2015 12:00am
Dacoits kill one on resistance

Dacoits kill one on resistance

A man was killed while another was injured in separate incidents of violence here on Monday. According to police and rescue sources, Rahem Shah, 30, son of Zahir Shah was shot and killed by unidentified dacoits on resistance during a robbery bid near Mala
Published 13 Jan, 2015 12:00am
K-E clarification

K-E clarification

A spokesman of K-Electric has clarified a story titled 'bogus billing' carried by Business Recorder on January 6. According to KE, as per the details during KE's survey and inspection of energy meters in October last year, the K-Electric official d
Published 13 Jan, 2015 12:00am
National Highway tragedy: Drivers, owners booked

National Highway tragedy: Drivers, owners booked

Memon Goth police on Monday registered an FIR against drivers and owners of both oil tanker and passenger coach. The oil tanker and passenger coach collided with each other on National Highway near Memon Goth claiming some 62 lives during early hours of S
Published 13 Jan, 2015 12:00am
Remittances up by 15.26 percent in 1HFY15

Remittances up by 15.26 percent in 1HFY15

Overseas Pakistani workers remitted $8.982 billion in first half (July to December) of FY15, showing an impressive growth of 15.26 percent compared to $7.792 billion received during the same period of FY14. During December 2014, the inflow of worker's rem
Published 13 Jan, 2015 12:00am
Easypaisa crosses 250,000 ATM card-user mark

Easypaisa crosses 250,000 ATM card-user mark

Easypaisa, Pakistan's first and largest Branchless Banking service in December 2013 launched ATM cards for its valued mobile account customers with the objective of facilitating them with the convenience and security of withdrawing cash from any ATM in th
Published 13 Jan, 2015 12:00am
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