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Print - 2015-01-16
Oil cake market rates

Oil cake market rates

The January vaida fell while the March contract was unchanged on the forward cottonseed oilcake market on Thursday in the process of trading, dealers said. The January contract closed at Rs 1568.20 on Wednesday and it opened with 20 paisa loss at Rs 1568.
Published 16 Jan, 2015 12:00am
Seed cotton prices fall modestly amid sluggish trading

Seed cotton prices fall modestly amid sluggish trading

Seed cotton prices drifted lower on the cotton market on Thursday in the process of sluggish trading, dealers said. The official spot rate was unchanged at Rs 4,950, dealers said. In the ready session, over 11,000 bales of cotton changed hands between Rs
Published 16 Jan, 2015 12:00am
Cotton prices drift downwards

Cotton prices drift downwards

After a modicum of stability in the domestic cotton prices which were mostly stable and steady over the past week or so, both seedcotton (kapas / phutti) and lint prices went lower on Wednesday. Enough availability of fibre and a higher domestic crop than
Published 16 Jan, 2015 12:00am
Cotton prices drift downwards

Cotton prices drift downwards

After a modicum of stability in the domestic cotton prices which were mostly stable and steady over the past week or so, both seedcotton (kapas / phutti) and lint prices went lower on Wednesday. Enough availability of fibre and a higher domestic crop than
Published 16 Jan, 2015 12:00am
Aussie paceman Lee to retire after 20-year career

Aussie paceman Lee to retire after 20-year career

Australian pace bowler Brett Lee on Thursday announced he is to retire from all forms of cricket after a 20-year career, saying he was both emotional and excited. The 38-year-old called time on his international commitments in July 2012, but continued to
Published 16 Jan, 2015 12:00am
Sri Lanka sink bumbling Black Caps

Sri Lanka sink bumbling Black Caps

Sri Lanka cruised to a six-wicket win in the second one-day international against New Zealand on Thursday, thanks to a masterful century from Tillakaratne Dilshan and a comedy of errors from the Black Caps.
Published 16 Jan, 2015 12:00am
Simon polishes Open form with Kooyong win

Simon polishes Open form with Kooyong win

Frenchman Gilles Simon wrapped up his stay at the Kooyong Classic on Thursday with a concluding win over Serb Filip Krajinovic 6-4, 6-3. The world number 20 now heads to Melbourne Park for final practice prior to the Monday start of the Australian Open. A
Published 16 Jan, 2015 12:00am
Dhoni keeps silence on shock Test retirement

Dhoni keeps silence on shock Test retirement

Mahendra Singh Dhoni would not elaborate Thursday about his sudden retirement from Test cricket, ahead of leading India in the one-day international tri-series against Australia and England. The 33-year-old stunned the cricket world - and a completely una
Published 16 Jan, 2015 12:00am
Goal in 14 seconds as UAE, Iran progress

Goal in 14 seconds as UAE, Iran progress

Ali Mabkhout scored the Asian Cup's fastest recorded goal after just 14 seconds on Thursday as the UAE reached the quarter-finals alongside three-time winners Iran. Mabkhout pounced just moments after the kick-off against Bahrain in the quickest strike re
Published 16 Jan, 2015 12:00am
Morgan closes door on Pietersen return for World Cup

Morgan closes door on Pietersen return for World Cup

Eoin Morgan said unwanted Kevin Pietersen was not part of his plans as England's one-day captain on Thursday and was happy with his group of players ahead of next month's World Cup in Australia and New Zealand. Morgan, who took over the England captaincy
Published 16 Jan, 2015 12:00am
Ronaldo ponders comeback with NASL team

Ronaldo ponders comeback with NASL team

Brazilian football legend Ronaldo has hinted he might come out of retirement at age 38 and play some games with the second division North American Soccer League's Fort Lauderdale Strikers. Ronaldo, who hasn't played professionally since 2011, recently bec
Published 16 Jan, 2015 12:00am
World Cup big guns fine-tune in tri-series

World Cup big guns fine-tune in tri-series

World Cup big guns Australia, England and India get their final preparations for next month's tournament under way when the one-day international tri-series begins in Sydney on Friday. The Australians face England at the Sydney Cricket Ground in the first
Published 16 Jan, 2015 12:00am
Aauj Kamal made chief of FUUAST Mass Comm department

Aauj Kamal made chief of FUUAST Mass Comm department

Dr Aauj Kamal has been appointed as the Chairman, Department of Mass Media, Federal Urdu University of Arts, Science and Technology (FUUAST), said the university officials on Thursday. Dr Kamal who has been conferred upon with a PhD on his thesis "Researc
Published 16 Jan, 2015 12:00am
PPAF operations entail over 7.1 million micro-credits: CEO

PPAF operations entail over 7.1 million micro-credits: CEO

Pakistan Poverty Alleviation Fund (PPAF) cumulative operational activities entail over 7.1 million micro-credits with 59 percent loans to women and 80 percent to rural areas (with 100 per cent recovery rate). Over 33,000 educational, health, water and inf
Published 16 Jan, 2015 12:00am
Unilever Talent Hunt showcases future business leaders

Unilever Talent Hunt showcases future business leaders

The grand finale of the Unilever Talent Hunt (UTH) concluded at a local hotel, with students from IoBM winning the chance to represent Pakistan at Unilever's Future Leader's League in London.
Published 16 Jan, 2015 12:00am
Call for implementation of Thalassaemia Prevention Act 2014

Call for implementation of Thalassaemia Prevention Act 2014

People belonging to different walks of life including lawyers, journalists, human rights activists and medical experts demanded of the authorities concerned to take measures for implementation of Thalassaemia Prevention Act 2014.
Published 16 Jan, 2015 12:00am
July-December FY15: cargo handling at Karachi port up 5 percent

July-December FY15: cargo handling at Karachi port up 5 percent

While cargo handling at Karachi port grew by five percent, the number of vessels calling at the country's largest seaport showed a southward trend during first half of the current fiscal year. However, the Karachi Port Trust (KPT) on Thursday dubbed the J
Published 16 Jan, 2015 12:00am
Accounting standards for NGOs: ICAP urged to expedite development

Accounting standards for NGOs: ICAP urged to expedite development

Zafar Hijazi, the chairman of the Securities and Exchange Commission of Pakistan (SECP), has urged the Institute of Chartered Accountants of Pakistan (ICAP) to expedite the development of accounting standards for NGOs, corporate social responsibility assu
Published 16 Jan, 2015 12:00am
Three killed in various incidents

Three killed in various incidents

Three people were killed another was injured in separate incidents of violence here on Thursday. A private company's security guard namely Allah Bux, 35, was shot and killed while his friend Shoaib, 30, was shot and injured by unidentified men near Baitul
Published 16 Jan, 2015 12:00am
TIP budget approval accorded

TIP budget approval accorded

The Board of Directors meeting of Telephone Industries of Pakistan (TIP) was convened here on Thursday, which was chaired by Minister of State for IT Anusha Rahman. Federal Secretary IT Azmat Ali Ranjha, Acting MD TIP Muddassar Hussain, Member Legal Ameen
Published 16 Jan, 2015 12:00am
Ufone, Faysal Bank launch first iPhone-based instalment plan

Ufone, Faysal Bank launch first iPhone-based instalment plan

Ufone, known for its innovation, together with Faysal Bank Limited (FBL), one of the leading banks in Pakistan, has launched the industry's first iPhone-based instalment plan of the year, whereby customers could own an iPhone 6 along with telecom goodies
Published 16 Jan, 2015 12:00am
Gusty winds prevent winter fishing

Gusty winds prevent winter fishing

The second spell of gusty winds has pulled nearly 3,000 fishing boats to moorages across the Sindh coasts, bringing winter fishing to a halt, fishermen told Business Recorder on Thursday. Around 2,500 fishing boats have suspended their activities a
Published 16 Jan, 2015 12:00am
PSQCA seals unlicensed bottled drinking water factory

PSQCA seals unlicensed bottled drinking water factory

Pakistan Standards and Quality Control Authority (PSQCA) sealed an 'unlicensed' bottled drinking water factory. Abdul Waheed Memon, Media advisor PSQCA while talking to Business Recorder said the raid was conducted by Conformity Assessment team at
Published 16 Jan, 2015 12:00am
Target to pull out of Canada

Target to pull out of Canada

Target Corp said on Thursday it will cease operations in Canada and has filed for creditor protection for its Canadian subsidiary in a surprise move that could put its 17,600 employees in the country out of work. The US discount retailer has struggled sin
Published 16 Jan, 2015 12:00am
Valmet buys automation business from Metso for $400 million

Valmet buys automation business from Metso for $400 million

Finland's Valmet, a maker of pulp and paper production machines, is buying a process automation systems business from engineering group Metso for 340 million euros ($397 million), it said on Thursday. "Some were expecting the business to fetch a better pr
Published 16 Jan, 2015 12:00am
TSMC reaps record revenue, profit as gadgets demand more chips

TSMC reaps record revenue, profit as gadgets demand more chips

Taiwan Semiconductor Manufacturing Co Ltd (TSMC) reported record quarterly net profit and revenue on Thursday, as the world's largest contract chipmaker benefited from strong sales of smartphones from clients such as Apple Inc.
Published 16 Jan, 2015 12:00am
Dubai Islamic Bank sukuk may open window for Gulf bond issues

Dubai Islamic Bank sukuk may open window for Gulf bond issues

Gulf issuers of overseas bonds, kept on the sidelines by volatile markets, may revive their issue plans after Dubai Islamic Bank, the largest Islamic bank in the United Arab Emirates, completed a $1 billion sukuk issue.
Published 16 Jan, 2015 12:00am
Dubai Islamic Bank sukuk may open window for Gulf bond issues

Dubai Islamic Bank sukuk may open window for Gulf bond issues

Gulf issuers of overseas bonds, kept on the sidelines by volatile markets, may revive their issue plans after Dubai Islamic Bank, the largest Islamic bank in the United Arab Emirates, completed a $1 billion sukuk issue.
Published 16 Jan, 2015 12:00am
BOJ keeps upbeat view on most regions of Japan

BOJ keeps upbeat view on most regions of Japan

The Bank of Japan maintained its upbeat economic assessment for eight of Japan's nine regions in a quarterly report on Thursday, signalling that the country is on track to emerge from recession without additional monetary easing. In the report issued at a
Published 16 Jan, 2015 12:00am
Latin America 2015 outlook darkens as commodities sink

Latin America 2015 outlook darkens as commodities sink

Latin America has embarked on a painfully long period of greater austerity, and lower commodity prices and economic growth will barely pick up speed this year, a Reuters poll found Thursday. With nose-diving oil and metal prices weighing on government fin
Published 16 Jan, 2015 12:00am
Qatar 2015 budget likely to be based on $45 oil

Qatar 2015 budget likely to be based on $45 oil

Qatar is expected to base its state budget for the fiscal year starting in April on an average oil price of $45 per barrel, down from $65 assumed in the current year's budget, a Qatari energy industry source told Reuters on Thursday.
Published 16 Jan, 2015 12:00am
Saudi's Al Rajhi Bank fourth quarter net profit falls

Saudi's Al Rajhi Bank fourth quarter net profit falls

Al Rajhi Bank, Saudi Arabia's second-largest listed lender, posted a 1.8 percent drop in its fourth-quarter net profit, it said on Thursday, missing analysts' forecasts. The bank made 1.52 billion riyals ($405 million) in the three months to December 31 c
Published 16 Jan, 2015 12:00am
Co-founder of India's SpiceJet agrees to take control

Co-founder of India's SpiceJet agrees to take control

The co-founder of Indian airline SpiceJet Ltd has agreed to buy out its billionaire owner, the first part of an effort to turn round the fortunes of the low-cost carrier in an increasingly crowded aviation sector. Ajay Singh, who helped found SpiceJet in
Published 16 Jan, 2015 12:00am
Educational institutions Minister inspects security measures

Educational institutions Minister inspects security measures

Raja Ashfaq Sarwar, Punjab Minister for Labour and Manpower and head of Monitoring Committee constituted by Chief Minister Punjab to review security arrangements of the educational institutions of Rawalpindi District, inspected 10 public and private insti
Published 16 Jan, 2015 12:00am
Bribe charges: ASI escapes police custody

Bribe charges: ASI escapes police custody

An Assistant Sub-Inspector Muhammad Younas successfully escaped police custody when Lahore High Court (LHC) dismissed his interim-bail. He was involved in a corruption case registered against him by Anti-Corruption Establishment (ACE).
Published 16 Jan, 2015 12:00am
Pesco directs printing photo of meter reading on bills

Pesco directs printing photo of meter reading on bills

Board of Directors (BoDs) Peshawar Electric Supply Company (Pesco) has directed rapid implementation of the printing of photo of Meter Reading on the electricity bills and securing of consumers data through an electronic mechanism to redress the grievance
Published 16 Jan, 2015 12:00am
PTI condemns 'artificial' shortage of petrol in Lahore

PTI condemns 'artificial' shortage of petrol in Lahore

Pakistan Tehreek-e-Insaf (PTI) Punjab on Thursday condemned what it said artificial shortage of petrol in the provincial capital. PTI Punjab President Ejaz Chaudhary said the petrol pump owners had been creating hurdles to provide petrol to the masses. He
Published 16 Jan, 2015 12:00am
New Saddle Lounge in Bahria Town Rawalpindi

New Saddle Lounge in Bahria Town Rawalpindi

The Saddle Lounge is an exquisite addition to the landscape of the Riding Club in Bahria Town Rawalpindi. Lavishly designed, The Saddle Lounge is a unique facility tagged as an upscale café, restaurant and bar. With spectacular interiors, smooth wood and
Published 16 Jan, 2015 12:00am
Notice served on PIA by Myanmar Aviation Authority

Notice served on PIA by Myanmar Aviation Authority

The scheduled flights of Pakistan International Airline (PIA) to Kuala Lumpur, Hong Kong and Tokyo are likely to be disturbed as Myanmar Aviation Authority (MAA) has threatened to disallow national flag carrier for using its airspace over non-payment of i
Published 16 Jan, 2015 12:00am
Draft Federal Health-care Regulations Act 2015 discussed

Draft Federal Health-care Regulations Act 2015 discussed

A high-level consultative meeting to finalise the draft Federal Health-care Regulations Act 2015 was held here with Minister of State for National Health Services, Saira Afzal Tarar in the chair here on Thursday.
Published 16 Jan, 2015 12:00am
KP health department approves accord to establish Indus Hospital

KP health department approves accord to establish Indus Hospital

The KP Health Department approved an agreement to establish well-equipped Indus Hospital in Peshawar city at confluence of GT Road and Ring Road where every patient will be given quality treatment free of cost and even free medicines will be provided to t
Published 16 Jan, 2015 12:00am
SBP to unveil MPS on January 24

SBP to unveil MPS on January 24

The central bank would unveil its much-awaited Monetary Policy Statement (MPS) on January 24, Business Recorder has learnt. Some media reports suggesting that the State Bank would announce monetary policy on January 15 had created confusion among s
Published 16 Jan, 2015 12:00am
Three SDOs, several IESCO officials suspended

Three SDOs, several IESCO officials suspended

Minister of State for Water and Power, Chaudhry Abid Sher Ali suspended three SDOs and several officials of Islamabad Electric Supply Company (IESCO) over corruption charges and negligence during a Khuliketchery held on Thursday at Punjab House Rawalpindi
Published 16 Jan, 2015 12:00am
US drone kills seven militants in NW

US drone kills seven militants in NW

A US drone strike Thursday killed seven militants in North Waziristan, a military official said. The unmanned aircraft targeted a compound in Shawal forest in the North Waziristan tribal region on the Afghan border, the official said. Al Qaeda fighters ha
Published 16 Jan, 2015 12:00am
Citigroup profit falls

Citigroup profit falls

Citigroup Inc, in the midst of a pullback from consumer banking in a number of international markets, eked out a slim fourth-quarter profit after taking charges of $3.5 billion to settle legal claims and overhaul operations.
Published 16 Jan, 2015 12:00am
Citigroup profit falls

Citigroup profit falls

Citigroup Inc, in the midst of a pullback from consumer banking in a number of international markets, eked out a slim fourth-quarter profit after taking charges of $3.5 billion to settle legal claims and overhaul operations.
Published 16 Jan, 2015 12:00am
Britain to launch review of its oil and gas industry

Britain to launch review of its oil and gas industry

Britain will launch a review to identify key risks to oil and gas production in response to the collapse in oil prices, after oil majors BP and ConocoPhillips said they were cutting more than 500 jobs in their North Sea operations. Britain's North Sea oil
Published 16 Jan, 2015 12:00am
OPEC sees 2015 supply surplus rising

OPEC sees 2015 supply surplus rising

The collapse in oil prices is starting to slow growth in US output, OPEC said on Thursday, although the slowdown will not prevent an increasing global surplus in 2015 and demand for the exporter group's oil falling to its lowest in a decade.
Published 16 Jan, 2015 12:00am
Lagarde said Swiss central bank did not warn IMF

Lagarde said Swiss central bank did not warn IMF

The head of the IMF on Thursday said she was surprised by the decision of the Swiss Central Bank to scrap its three-year-old cap on the franc, which sent the safe-haven currency soaring against the euro. "This was a bit of a surprise," IMF Managing Direct
Published 16 Jan, 2015 12:00am
Cheaper oil 'bolsters' ECB case for more stimulus: Lagarde

Cheaper oil 'bolsters' ECB case for more stimulus: Lagarde

IMF chief Christine Lagarde on Thursday encouraged the European Central Bank to unleash fresh stimulus on the ailing eurozone, saying falling global oil prices increase the risk of deflation. Lagarde, speaking to a Washington think tank, said that weak gr
Published 16 Jan, 2015 12:00am
BofA profit hurt by lower bond trading revenue

BofA profit hurt by lower bond trading revenue

Bank of America Corp, the second-largest US bank by assets, reported a 14 percent fall in quarterly profit as revenue from fixed-income trading fell. Bond trading revenue plunged 30 percent to $1.46 billion.
Published 16 Jan, 2015 12:00am
India trade gap at 10-month low on falling oil

India trade gap at 10-month low on falling oil

India's trade deficit shrank to a 10-month low in December as global oil prices tumbled and demand for gold fell, auguring well for Indian current account balance and the rupee. The deficit narrowed by 44 percent from the previous month to $9.43 billion,
Published 16 Jan, 2015 12:00am
US producer prices post biggest drop in more than three years

US producer prices post biggest drop in more than three years

US producer prices in December recorded their biggest fall in more than three years on tumbling energy costs while underlying inflation pressures were muted, a cautionary note for the Federal Reserve as it ponders its next step on monetary policy.
Published 16 Jan, 2015 12:00am
Bombardier forecasts

Bombardier forecasts

Bombardier Inc on Thursday cut its forecasts for 2014 and said it would slash 1,000 jobs in Mexico and the United States and suspend the development of its Learjet 85 business aircraft because of weak demand. The Canadian plane and train maker said cash f
Published 16 Jan, 2015 12:00am
Bombardier forecasts

Bombardier forecasts

Bombardier Inc on Thursday cut its forecasts for 2014 and said it would slash 1,000 jobs in Mexico and the United States and suspend the development of its Learjet 85 business aircraft because of weak demand. The Canadian plane and train maker said cash f
Published 16 Jan, 2015 12:00am
Iran slashes oil price in budget to $40 per barrel

Iran slashes oil price in budget to $40 per barrel

Iran is cutting the oil price on which it bases its next budget to $40 a barrel, the semi-official Fars news agency quoted Finance and Economy Minister Ali Tayyebnia as saying on Thursday. "We will revise the oil price in the budget from $72 per barrel to
Published 16 Jan, 2015 12:00am
Gulf stocks mixed; poor fourth quarter results weigh on Saudi

Gulf stocks mixed; poor fourth quarter results weigh on Saudi

Gulf stock markets diverged on Thursday after a mixed set of fourth-quarter earnings, while Egypt's bourse slowed its advance following three very strong sessions. Saudi Arabia's index fell 1.1 percent and Al Rajhi Bank was the main drag, tumbling 4.9 per
Published 16 Jan, 2015 12:00am
Tokyo stocks close up 1.86 percent

Tokyo stocks close up 1.86 percent

Tokyo stocks jumped 1.86 percent Thursday, after two days of losses, as the yen retreated against the dollar, boosting major exporters. The Nikkei 225 index rose 312.74 points to end at 17,108.70, while the Topix index of all first-section shares gained 1
Published 16 Jan, 2015 12:00am
Early trade in New York: Wall Street flat

Early trade in New York: Wall Street flat

US stocks were little changed in choppy trading on Thursday, as investors wrestled with the ramifications with a move by the Swiss National Bank to scrap its three-year euro cap on the franc. Trading was likely to remain volatile through the session, on t
Published 16 Jan, 2015 12:00am
Wall St ends down for 4th day on global growth worries

Wall St ends down for 4th day on global growth worries

US stocks fell for a fourth day on Wednesday as a World Bank forecast fuelled concerns about global economic weakness and copper prices sank, although a late-day rebound in energy shares left the market well off its lows after a volatile session.
Published 16 Jan, 2015 12:00am
Hong Kong shares up on mainland policy prospect

Hong Kong shares up on mainland policy prospect

Hong Kong shares finished higher on Thursday afternoon, reacting to a surge in stock markets on the mainland that were boosted by prospects of more stimulus measures to support economic growth. The Shanghai index experiencing its biggest rise since Januar
Published 16 Jan, 2015 12:00am
Vietnam index ends higher

Vietnam index ends higher

Vietnam's benchmark VN Index closed up 0.13 percent on Thursday as gains in energy shares reflected a sharp rebound of global oil prices in the previous session, analysts said. Losses in other big-caps, including dairy product maker Vinamilk that dipped 0
Published 16 Jan, 2015 12:00am
Australia shares pare losses on better jobs data

Australia shares pare losses on better jobs data

Australian shares pared early losses to pull back from lows on Thursday, helped by robust jobs data and gains in energy-related shares after oil futures rebounded overnight. The S&P/ASX 200 index dropped 22.2 points, or 0.4 percent, to 5,331.4 at the clos
Published 16 Jan, 2015 12:00am
Indian shares mark biggest daily gain in 8 months

Indian shares mark biggest daily gain in 8 months

Indian shares rose more than 2.5 percent on Thursday, marking their biggest daily gain in eight months, after blue chips led by interest rate-sensitive stocks surged on hopes the central bank's surprise rate cut will stoke growth.
Published 16 Jan, 2015 12:00am
China stocks end sharply up on policy stimulus bets

China stocks end sharply up on policy stimulus bets

China stocks surged on Thursday with the Shanghai index experiencing its biggest daily rise since January 5, as investors bet on an increased chance of policy stimulus after disappointing bank loan data.
Published 16 Jan, 2015 12:00am
Franc furore sends Swiss stocks diving 10 percent

Franc furore sends Swiss stocks diving 10 percent

Frantic trading after the Swiss National Bank scrapped its cap on the franc drove Swiss stocks down 10.2 percent on Thursday, putting them on track for their biggest one-day fall in at least 25 years. Some traders described the central bank's move as "car
Published 16 Jan, 2015 12:00am
TSX hits four-week low but BlackBerry soars on takeover report

TSX hits four-week low but BlackBerry soars on takeover report

Canada's main stock index dropped to its lowest in four weeks on Wednesday after the World Bank cut its global growth forecasts, but BlackBerry Ltd jumped after a report said Samsung Electronics Co had approached it about a takeover.
Published 16 Jan, 2015 12:00am
SE Asia Stocks: Indonesia up before central bank rate decision

SE Asia Stocks: Indonesia up before central bank rate decision

Southeast Asian stock markets rose on Thursday, with Indonesia rebounding from over three-week closing low hit in the previous session before the central bank meeting on interest rates, while bargain hunting lifted battered Thai banking stocks. Jakarta's
Published 16 Jan, 2015 12:00am
FTSE shrugs off Swiss jitters as gold miners rally

FTSE shrugs off Swiss jitters as gold miners rally

Britain's top equity index recovered from jitters caused by Switzerland's unexpected decision on Thursday to end its cap on the value of the franc, and a rise in miners and energy stocks helped lift the market. The blue chip FTSE 100 index closed up by 1.
Published 16 Jan, 2015 12:00am
Tahirani, Baloch appointed vice chancellors

Tahirani, Baloch appointed vice chancellors

Governor Sindh Dr Ishratul Ebad Khan has appointed Professor Dr Abida Tahirani as Vice Chancellor of Sindh University and Dr Akhter Baloch as Vice Chancellor of Benazir Bhutto Shaheed University Lyari for four years on the recommendation of the Sindh gove
Published 16 Jan, 2015 12:00am
Anti-Money Laundering Act 2010: Senate body forms core committee

Anti-Money Laundering Act 2010: Senate body forms core committee

Senate Standing Committee on Finance has constituted a core committee to look into the proposed amendments in the Anti-Money Laundering Act 2010 and would subsequently give viewpoint after holding an internal meeting of the committee.
Published 16 Jan, 2015 12:00am
Retailers' registration: FBR maintains firm stance on SRO.608

Retailers' registration: FBR maintains firm stance on SRO.608

The Federal Board of Revenue (FBR) on Thursday maintained its firm stance on SRO.608(1)12014, with regards to retailers registration and strongly opposed any move against documentation of unregistered businessmen.
Published 16 Jan, 2015 12:00am
Petrol shortage: OGRA issues showcause notices to OMCs

Petrol shortage: OGRA issues showcause notices to OMCs

Oil and Gas Regulatory Authority (OGRA) has taken notice of the serious petrol shortage and has issued show cause notices to Oil Marketing Companies (OMCs) which according to law are bound to keep at least 20 days stock of the commodity.
Published 16 Jan, 2015 12:00am
Prime Minister, Prince Salman discuss bilateral ties

Prime Minister, Prince Salman discuss bilateral ties

Prime Minister Muhammad Nawaz Sharif and Saudi Crown Prince Salman bin Abdulaziz Al Saud met here Thursday and discussed ways of enhancing relations between the two countries in diverse fields. Crown Prince Salman, who is also the Deputy Prime Minister an
Published 16 Jan, 2015 12:00am
Ambassadors, UN Agencies' reps visit NW

Ambassadors, UN Agencies' reps visit NW

A delegation of ambassadors from friendly countries and UN agencies representatives visited North Wazirstan Agency on Thursday. According to ISPR, Minister for SAFRON Lieutenant General Abdul Qadir Baloch (Retd), Sartaj Aziz Adviser to the Prime Minister
Published 16 Jan, 2015 12:00am
Blocking websites: IHC summons chairman PTA

Blocking websites: IHC summons chairman PTA

The Islamabad High Court on Thursday summoned chairman Pakistan Telecommunication Authority, Dr Syed Ismail Shah on January 20 to submit reply on a matter regarding blocking of websites in the country. A single-member bench of Justice Athar Minnallah resu
Published 16 Jan, 2015 12:00am
Six killed, 10 hurt in coalmine blast

Six killed, 10 hurt in coalmine blast

At least six labourers were killed and 10 others injured in a coalmine blast due to accumulation of poisonous gas in Dolli area of Lower Orakzai Agency here on Thursday. According to political administration, the incident took place when the labourers wer
Published 16 Jan, 2015 12:00am
Entity ratings of First Habib Modaraba maintained

Entity ratings of First Habib Modaraba maintained

The Pakistan Credit Rating Agency Limited (Pacra) has maintained the long-term and short-term entity ratings of First Habib Modaraba (FHM) at "AA+" (Double A plus) and "A1+" (A One Plus), respectively. These ratings denote a very low expectation of credit
Published 16 Jan, 2015 12:00am
Entity ratings of First Habib Modaraba maintained

Entity ratings of First Habib Modaraba maintained

The Pakistan Credit Rating Agency Limited (Pacra) has maintained the long-term and short-term entity ratings of First Habib Modaraba (FHM) at "AA+" (Double A plus) and "A1+" (A One Plus), respectively. These ratings denote a very low expectation of credit
Published 16 Jan, 2015 12:00am
Pak-Vietnam bilateral trade to cross $500 million in 2015

Pak-Vietnam bilateral trade to cross $500 million in 2015

The bilateral trade between Pakistan and Vietnam may cross the figure of $500 million in 2015, as per the projected growth of about 20 to 25 percent. This was stated by Commercial Counsellor of Vietnam in Karachi, Mr Vu Viet Dung.
Published 16 Jan, 2015 12:00am
Bank of Khyber declares profit rates

Bank of Khyber declares profit rates

The Bank of Khyber (BoK) (Conventional Branches Only) declared the following profit rates on various PLS deposits for the period of half year ended December 31, 2014:

Published 16 Jan, 2015 12:00am
Bank of Khyber declares profit rates

Bank of Khyber declares profit rates

The Bank of Khyber (BoK) (Conventional Branches Only) declared the following profit rates on various PLS deposits for the period of half year ended December 31, 2014:

Published 16 Jan, 2015 12:00am
CIMA relaunching Global Learning

CIMA relaunching Global Learning

The Chartered Institute of Management Accountants (CIMA) this month is relaunching Global Learning, its accreditation scheme for tuition providers. The revised CIMA Global Learning scheme now features three accreditation levels: CIMA Global Learning Partn
Published 16 Jan, 2015 12:00am
Pharmaceutical companies raise prices of medicines sans permission

Pharmaceutical companies raise prices of medicines sans permission

Certain pharmaceutical companies have increased prices of a select group of drugs during the past two months, reveals a survey carried out by Business Recorder on Thursday. These companies increased the prices without the permission from the regula
Published 16 Jan, 2015 12:00am
Ripja holds photo exhibition at PNCA

Ripja holds photo exhibition at PNCA

Rawalpindi Islamabad Photo Journalist Association (Ripja) organised a photo exhibition here at National Art Galley of Pakistan National Council of Arts (PNCA) with the purpose to highlight role of police in the society. The exhibition was inaugurated by I
Published 16 Jan, 2015 12:00am
APS tragedy condoled: Bosnia & Herzegovina envoy meets KP Governor

APS tragedy condoled: Bosnia & Herzegovina envoy meets KP Governor

Ambassador of Bosnia & Herzegovina Dr Nedim Makarevic called on Khyber Pakhtunkhwa Governor Sardar Mahtab Ahmad Khan at the Governor's House here on Thursday. The Ambassador expressed his condolence on Army Public School (APS) terror incident and mentione
Published 16 Jan, 2015 12:00am
JI holding demonstration against printing of blasphemous cartoons today

JI holding demonstration against printing of blasphemous cartoons today

As the western world reacted bitterly to the attack on French satirical weekly, , Jamaat-i-Islami (JI) on Thursday condemned the Charlie Hebdo weekly for its fresh blasphemous cartoons and announced a countrywide protest against the blasphemous cartoon an
Published 16 Jan, 2015 12:00am
LLM exam forms submission SU announces schedule

LLM exam forms submission SU announces schedule

Sindh University (SU) Controller of Examinations Professor Dr Naeem Tariq Narejo has issued the schedule for submission of the examination forms for appearing in LLM (Previous, Final & Failure) annual exams 2013.
Published 16 Jan, 2015 12:00am
Pacra rates IGI Investment Bank positive

Pacra rates IGI Investment Bank positive

The Pakistan Credit Rating Agency Limited (Pacra) has maintained the long-term and short-term entity ratings of IGI Investment Bank Limited (IGI IBL) at "BBB-" (Triple B Minus) and "A3" (A Three), respectively. The ratings denote an adequate capacity for
Published 16 Jan, 2015 12:00am
Pakistan's Foreign Exchange Reserves slip to $15.06 billion

Pakistan's Foreign Exchange Reserves slip to $15.06 billion

The country's foreign exchange reserves slipped by $111 million to $15.06 billion during the week that ended on January 9. The week under review saw a decrease of $111 million in the forex reserves, the central bank reported Thursday. "The SBP's liquid fo
Published 16 Jan, 2015 12:00am
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