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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-01-24
South Korean shares touch four-week high

South Korean shares touch four-week high

South Korean shares rallied to a 4-week closing high on Friday as investors cheered a massive bond-buying stimulus programme unveiled by the European Central Bank (ECB). The Korea Composite Stock Price Index (KOSPI) gained 0.79 percent to close at 1,936.0
Published 24 Jan, 2015 12:00am
Australian shares hit 10-week high

Australian shares hit 10-week high

Australian shares jumped to a 10-week high on Friday as investors cheered a larger than expected economic stimulus package from the European Central Bank, which added to growing hopes of a domestic interest rate cut. The death of Saudi king Abdullah encou
Published 24 Jan, 2015 12:00am
FTSE records best week in three years; ABF leads

FTSE records best week in three years; ABF leads

Britain's top shares index climbed to a four-month high on Friday and recorded its biggest weekly gain in three years, with Associated British Foods leading the market higher on encouraging retail sales data. However, the FTSE 100 index underperformed Eur
Published 24 Jan, 2015 12:00am
Belgian business confidence sinks in January

Belgian business confidence sinks in January

Belgian business confidence, a bellwether for the euro zone, unexpectedly fell to its lowest reading since July 2013, as managers in all business sectors became more pessimistic about the outlook for demand. The business confidence index fell to -8.8 in J
Published 24 Jan, 2015 12:00am
Kia Motors net profit slumps

Kia Motors net profit slumps

South Korea's number two automaker, Kia Motors, on Friday said its fourth quarter net profit plunged by more than half due to a strong won and higher sales costs. Net profit for the October-December period slumped 54 percent compared to a year earlier to
Published 24 Jan, 2015 12:00am
Kia Motors net profit slumps

Kia Motors net profit slumps

South Korea's number two automaker, Kia Motors, on Friday said its fourth quarter net profit plunged by more than half due to a strong won and higher sales costs. Net profit for the October-December period slumped 54 percent compared to a year earlier to
Published 24 Jan, 2015 12:00am
GE earnings jump 61 percent, outlook upbeat

GE earnings jump 61 percent, outlook upbeat

US conglomerate General Electric on Friday reported a robust jump in profits for the fourth quarter as it shifts focus back to its core industrial roots. GE, considered a bellwether of global industrial activity, posted net income of $5.15 billion for the
Published 24 Jan, 2015 12:00am
GE earnings jump 61 percent, outlook upbeat

GE earnings jump 61 percent, outlook upbeat

US conglomerate General Electric on Friday reported a robust jump in profits for the fourth quarter as it shifts focus back to its core industrial roots. GE, considered a bellwether of global industrial activity, posted net income of $5.15 billion for the
Published 24 Jan, 2015 12:00am
Adidas says profits hit by falling ruble, divestment

Adidas says profits hit by falling ruble, divestment

Adidas, the German maker of sportswear and equipment, said Friday it met its 2014 targets, but earnings were hit by special factors such as the falling ruble and the sale of its Rockport brand. Adidas said in a statement that full-year sales grew by 2.0 p
Published 24 Jan, 2015 12:00am
Adidas says profits hit by falling ruble, divestment

Adidas says profits hit by falling ruble, divestment

Adidas, the German maker of sportswear and equipment, said Friday it met its 2014 targets, but earnings were hit by special factors such as the falling ruble and the sale of its Rockport brand. Adidas said in a statement that full-year sales grew by 2.0 p
Published 24 Jan, 2015 12:00am
Canada's inflation slows

Canada's inflation slows

Plummeting gasoline prices continued to keep inflation in check for a second month in a row, the government statistical agency said Friday. Canadians paid 1.5 percent more for goods and services in December, following a 2.0 percent increase in Statistics
Published 24 Jan, 2015 12:00am
Closing gender gap 'good for business', says Lloyd's boss

Closing gender gap 'good for business', says Lloyd's boss

As the first female head in the 325-year history of the Lloyd's of London insurance market, Inga Beale is something of a shining light at the World Economic Forum in Davos, where gender equality is a key theme this year. But as she told AFP in an intervie
Published 24 Jan, 2015 12:00am
South Korea Q4 growth lowest in more than two years

South Korea Q4 growth lowest in more than two years

South Korea's economy registered its slowest growth for more than two years in the fourth quarter, the Bank of Korea said Friday, underlining recovery concerns despite record low interest rates. The central bank said Asia's fourth largest economy grew jus
Published 24 Jan, 2015 12:00am
Sony seeks to delay earnings over 'The Interview' cyberattack

Sony seeks to delay earnings over 'The Interview' cyberattack

Sony said Friday it was asking Japanese regulators for permission to delay its earnings release next month after a cyberattack at its Hollywood film unit compromised "a large amount of data". The Japanese firm said its US-based Sony Pictures Entertainment
Published 24 Jan, 2015 12:00am
Sony seeks to delay earnings over 'The Interview' cyberattack

Sony seeks to delay earnings over 'The Interview' cyberattack

Sony said Friday it was asking Japanese regulators for permission to delay its earnings release next month after a cyberattack at its Hollywood film unit compromised "a large amount of data". The Japanese firm said its US-based Sony Pictures Entertainment
Published 24 Jan, 2015 12:00am
Federer dumped from Open as Nadal, Sharapova survive

Federer dumped from Open as Nadal, Sharapova survive

A stunned Roger Federer was dumped from the Australian Open Friday in his worst showing since 2001 as Rafael Nadal and Maria Sharapova bounced back to stay in the title hunt. In the tournament's biggest upset, the Swiss world number two had no answer to I
Published 24 Jan, 2015 12:00am
Iraq, UAE triumph in night of upsets

Iraq, UAE triumph in night of upsets

The United Arab Emirates shocked holders Japan and Iraq sent their arch-rivals Iran crashing out as a stunning night of upsets turned the Asian Cup on its head on Friday. A double-header of quarter-finals ended in two penalty shoot-outs in Canberra and Sy
Published 24 Jan, 2015 12:00am
Mongolian Hakuho breaks record in Japanese sport

Mongolian Hakuho breaks record in Japanese sport

Mongolian grand champion Hakuho on Friday became the most successful sumo wrestler in history, bagging a record 33rd title and snatching the honours from a Japanese legend in the sport. The 29-year-old blasted out fellow championship contender Kisenosato,
Published 24 Jan, 2015 12:00am
FIFA confirms loss of three major sponsors

FIFA confirms loss of three major sponsors

World governing body FIFA confirmed on Friday that three major sponsors have ended their relationships with the organisation, but said there was nothing unusual about the development. Oil manufacturers Castrol, tyre company Continental and healthcare gian
Published 24 Jan, 2015 12:00am
Ronchi, Elliott record stand sets up New Zealand win

Ronchi, Elliott record stand sets up New Zealand win

A record batting blitz by Luke Ronchi and Grant Elliott set New Zealand up for an overwhelming 108-run win over Sri Lanka in their fifth one-day international in Dunedin Friday. In a stunning display of power hitting, Ronchi (170 not out) and Elliott (104
Published 24 Jan, 2015 12:00am
Smith guides Australian chase

Smith guides Australian chase

Steve Smith's incredible summer continued when he produced an unbeaten century to guide Australia to a three-wicket victory over England in a tri-series one-day international in Hobart on Friday. Promoted to the captaincy with regular skipper George Baile
Published 24 Jan, 2015 12:00am
Crimean clubs expelled from Russian League

Crimean clubs expelled from Russian League

Russia's Football Union on Friday expelled three Crimean clubs from the country's league's third division in adherence to a ruling from European football's governing body UEFA. "On the basis of the Crimean clubs' request and UEFA decision the RFU executiv
Published 24 Jan, 2015 12:00am
Aamer set for first-class return

Aamer set for first-class return

Disgraced Pakistan paceman Mohammad Aamer could return to first-class cricket as early as next month after a relaxation of the conditions of his ban for spot-fixing, an official said Friday. Aamer, 22, was banned for five years along with Salman Butt and
Published 24 Jan, 2015 12:00am
Bailed bigwig reignites Spain ruling party scandal

Bailed bigwig reignites Spain ruling party scandal

An ex-official of Spain's governing party reignited a corruption scandal on Friday, months ahead of a general election, by alleging Prime Minister Mariano Rajoy knowingly tolerated irregular payments to politicians. Luis Barcenas, former treasurer of Rajo
Published 24 Jan, 2015 12:00am
Congo Senate bows to protests, drops reforms seen delaying vote

Congo Senate bows to protests, drops reforms seen delaying vote

Democratic Republic of Congo's Senate on Friday scrapped a proposed change to the election law after four days of deadly protests against the proposal that the opposition said was aimed at keeping President Joseph Kabila in power. Opposition supporters sh
Published 24 Jan, 2015 12:00am
Kerry says to visit Nigeria 'in a couple of days'

Kerry says to visit Nigeria 'in a couple of days'

US Secretary of State John Kerry on Friday told an audience in Davos that he would visit Nigeria "in a couple of days" as part of a Washington push to counter extremist groups, including Boko Haram. In an emotional speech on the horrors inflicted by extre
Published 24 Jan, 2015 12:00am
Sierra Leone lifts Ebola quarantine measures

Sierra Leone lifts Ebola quarantine measures

Sierra Leone lifted quarantine measures imposed at the height of the Ebola epidemic Friday, as the World Health Organisation warned the crisis was still "extremely alarming" despite a drop in new cases. The west African nation of six million had restricte
Published 24 Jan, 2015 12:00am
Dutch approve large-scale testing of self-driving cars

Dutch approve large-scale testing of self-driving cars

The Dutch government on Friday approved large-scale testing of self-driving cars and trucks on public roads, saying the technology could greatly reduce traffic jams and improve road safety. "The cabinet has agreed to adjust road rules to enable large-scal
Published 24 Jan, 2015 12:00am
Confrontational novelist wins new French book award

Confrontational novelist wins new French book award

A former prostitute who became an award-winning novelist and filmmaker, Virginie Despentes, has won a new prize dedicated to boosting the stature of French writers in the English-speaking world. A jury of French writers and English and American literary a
Published 24 Jan, 2015 12:00am
Nepal's Prime Minister blames Maoists for missed constitution deadline

Nepal's Prime Minister blames Maoists for missed constitution deadline

Nepal's Prime Minister Sushil Koirala Friday accused opposition Maoists of turning parliament into a battleground and derailing efforts to secure agreement on a new constitution before a midnight deadline expired. "The constituent assembly has become a sh
Published 24 Jan, 2015 12:00am
Iraq PM says retaking Mosul from IS 'can be done'

Iraq PM says retaking Mosul from IS 'can be done'

Iraq's premier expressed confidence Friday that the country's struggling army is capable of retaking the city of Mosul from the Islamic State group. The chief problem, Prime Minister Haider al-Abadi told a gathering of political and economic leaders in Da
Published 24 Jan, 2015 12:00am
Hollande urges big business to help in anti-terror fight

Hollande urges big business to help in anti-terror fight

French President Francois Hollande urged business leaders gathered in Davos Friday to take action in the fight against extremism, saying the financial sector could help by cutting off funding sources. The French leader addressed an audience of the global
Published 24 Jan, 2015 12:00am
Titanic survivor letter sells for nearly $12,000

Titanic survivor letter sells for nearly $12,000

An indignant letter from a British aristocrat who survived the sinking of the Titanic in 1912 has sold for $11,875, an auction house in New England said Friday. Lady Lucy Duff-Gordon, a target of public outrage after she fled the doomed ocean liner on a n
Published 24 Jan, 2015 12:00am
Record number of guns intercepted at US airports

Record number of guns intercepted at US airports

Inspectors at US airports found a record 2,212 guns, most of them loaded, in travellers' carry-on baggage in 2014, the Transportation Security Administration said Friday. That's a 22 percent increase from the year before, and represents an average of more
Published 24 Jan, 2015 12:00am
Top US official meets dissidents in Cuba

Top US official meets dissidents in Cuba

The highest-ranking US official to visit Cuba in 35 years met with leading dissidents on Friday, but one prominent opposition figure declined to attend amid differences over Washington's rapprochement with Havana. Berta Soler, the head of the Ladies in Wh
Published 24 Jan, 2015 12:00am
French aid worker kidnapped in Central Africa freed: foreign minister

French aid worker kidnapped in Central Africa freed: foreign minister

A French aid worker kidnapped on Monday in the Central African Republic by the anti-balaka militia has been freed, France's Foreign Minister Laurent Fabius said Friday. "Our compatriot Claudia Priest, who was kidnapped at the start of the week in the Cent
Published 24 Jan, 2015 12:00am
US says chance of Iran deal '50/50'

US says chance of Iran deal '50/50'

The White House on Friday admitted that the chances of reaching a deal to curb Iran's nuclear program were only 50 percent. "The likelihood of success in these diplomatic talks are at best 50/50," said White House spokesman Josh Earnest. The comments come
Published 24 Jan, 2015 12:00am
New Tunisia premier forms cabinet without any Islamists

New Tunisia premier forms cabinet without any Islamists

New Tunisian Prime Minister Habib Essid formed a cabinet Friday, handing many ministries to Nidaa Tounes, the leading bloc in parliament, but none to the Islamist party Ennahda, which led the previous government. Essid, a former interior minister, was tas
Published 24 Jan, 2015 12:00am
North Korea urges South to lift sanctions before talks can begin

North Korea urges South to lift sanctions before talks can begin

North Korea on Friday demanded the lifting of sanctions, imposed by South Korea after a 2010 attack on one of its naval vessels, as a condition for resuming dialogue. It was the first official response to the South's offer to talk, including discussions o
Published 24 Jan, 2015 12:00am
Sri Lanka rupee forwards weaker

Sri Lanka rupee forwards weaker

Sri Lankan rupee forwards ended a tad weaker on Friday on importer dollar demand, while the market waited for direction from an interim budget next week, dealers said. Dealers said fears of possible depreciation also kept exporters away from the market. F
Published 24 Jan, 2015 12:00am
Euro hits fresh 11-year low in Asia

Euro hits fresh 11-year low in Asia

The euro set a fresh 11-year low versus the dollar on Friday, staying under pressure after the European Central Bank launched a landmark bond-buying programme to support the sagging euro zone economy. The euro touched a low of around $1.1315 on trading pl
Published 24 Jan, 2015 12:00am
Euro plunges below $1.12 in London

Euro plunges below $1.12 in London

The euro plunged below $1.12 for the first time in more than 11 years on Friday, a day after the European Central Bank said it would pump over a trillion euros into the euro zone economy, and two days before a national election in Greece. The euro shed ov
Published 24 Jan, 2015 12:00am
Early trade in New York: Euro hits fresh 11-year lows

Early trade in New York: Euro hits fresh 11-year lows

The euro fell to fresh 11-year lows against the dollar on Friday following the European Central Bank's announcement on Thursday that it would pump a trillion euros into the euro zone economy to revive sagging growth and ward off deflation. The euro lost o
Published 24 Jan, 2015 12:00am
Euro slumps in New York

Euro slumps in New York

The euro sank to a more than 11-year low against the dollar and a three-month low against the yen on Thursday after the European Central Bank launched a landmark bond-buying program that will pump up to one trillion euros into a sagging euro zone economy.
Published 24 Jan, 2015 12:00am
Rand surges against euro

Rand surges against euro

South Africa's rand surged to its firmest in 19 months against the euro on Friday while bonds also rallied, as news of the European Central Bank's massive monetary stimulus bolstered appetite for emerging market assets. The rand was little changed against
Published 24 Jan, 2015 12:00am
Asian currencies gain

Asian currencies gain

Most emerging Asian currencies rose on Friday to see weekly gains against the dollar and multi-year highs versus the euro as investors chased higher yields after the European Central Bank unveiled a massive monetary stimulus programme. The Philippine peso
Published 24 Jan, 2015 12:00am
Yuan posts biggest one-day loss in seven weeks

Yuan posts biggest one-day loss in seven weeks

China's yuan posted its biggest single-day loss since December 8 on Friday after the central bank set a weaker midpoint in response to the fresh round of quantitative easing (QE) announced by the European Central Bank announced a day earlier. The Chinese
Published 24 Jan, 2015 12:00am
Sterling steadies

Sterling steadies

Sterling steadied close to a seven-year high against the euro and trimmed losses against the dollar on Friday, helped by a rise in British retail sales on a day dominated by the single currency's biggest collapse in more than three years. By late afternoo
Published 24 Jan, 2015 12:00am
Australian and New Zealand dollar stung by ECB

Australian and New Zealand dollar stung by ECB

The Australian and New Zealand dollars hovered near multi-year lows on Friday, after the European Central Bank (ECB) launched a larger-than-expected stimulus programme, putting them on track to post deep losses for the week. The Australian dollar struggle
Published 24 Jan, 2015 12:00am
Cotton dips to near 5-1/2-year low on strong dollar, fund selling

Cotton dips to near 5-1/2-year low on strong dollar, fund selling

ICE cotton fell to its lowest level in nearly 5-1/2 years on Thursday, pressured by gains in the US dollar and investor selling in response to multiple contract lows hit in recent sessions. The most-active front-month March cotton contract on ICE Futures
Published 24 Jan, 2015 12:00am
Palm oil tumbles

Palm oil tumbles

Malaysian palm oil futures declined to their lowest since December on Friday, as global market uncertainties diminished demand for the edible oil from top customers China and India, but a forecast dip in production after Malaysia's recent floods provided
Published 24 Jan, 2015 12:00am
Rubber drops

Rubber drops

Benchmark Tokyo rubber futures fell on Friday, retreating from a 1-week high hit the previous day, as investors took profits ahead of the weekend and the January contract expiry on Monday, but the benchmark marked its first weekly gain in three weeks. The
Published 24 Jan, 2015 12:00am
Shanghai copper falls

Shanghai copper falls

The most-traded March copper contract on the Shanghai Futures Exchange fell 1.4 percent to 41,010 yuan ($6,618) a tonne on Friday, having come off losses of more than 2 percent. ShFE copper open interest climbed by 18,000 lots as prices sank overnight sug
Published 24 Jan, 2015 12:00am
Copper drops for sixth week on dollar rally, China worries

Copper drops for sixth week on dollar rally, China worries

Copper fell on Friday, posting its sixth straight weekly loss as it moved back towards a recent 5-1/2-year low, weighed down by a stronger dollar and concerns about the outlook for demand from top consumer China. Three-month copper on the London Metal Exc
Published 24 Jan, 2015 12:00am
Grain and soyabean futures slip

Grain and soyabean futures slip

US grain and soyabean futures slipped on Thursday as the rising US dollar made farm products less competitive on the global market. The United States is having a hard time competing for grain export business, with Ukraine and South America undercutting US
Published 24 Jan, 2015 12:00am
Raw sugar has its biggest tumble in 11 months

Raw sugar has its biggest tumble in 11 months

Raw sugar futures made their weakest move in 11 months and sank more than 5 percent on Friday as a flurry of technical sell signals knocked out a week-long rally, while New York cocoa had its poorest weekly performance in more than three months. Volume wa
Published 24 Jan, 2015 12:00am
Gold rebounds in New York

Gold rebounds in New York

Gold turned higher and touched a five-month high above $1,300 per ounce on Thursday, after the European Central Bank (ECB) launched a multi-billion euro bond-buying program aimed at reviving a sagging euro zone economy. "Gold is reacting to what Draghi ha
Published 24 Jan, 2015 12:00am
Gold slips in Asia

Gold slips in Asia

Gold dropped below $1,300 an ounce on Friday, pulling back from five-month highs, as the dollar strengthened after the European Central Bank launched a multi-billion bond-buying programme to reinvigorate the euro zone economy. Spot gold was down 0.4 perce
Published 24 Jan, 2015 12:00am
Gold slips from five-month high in Europe

Gold slips from five-month high in Europe

Gold fell on Friday, shedding part of the previous day's gains as markets digested the mixed implications of a European Central Bank plan to pump out around 1 trillion euros to reflate the economy. The metal, often seen as a hedge against inflation, jumpe
Published 24 Jan, 2015 12:00am
US MIDDAY: corn gains

US MIDDAY: corn gains

US corn futures firmed on Friday on support from bigger-than-expected US export sales, traders said. "The exports are pretty important," said Bill Gentry, broker at Risk Management Commodities in Lafayette, Indiana. "(They show) the corn has got some valu
Published 24 Jan, 2015 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold fell as much as 1.2 percent early on Friday as the dollar rose and markets digested the mixed implications of a European Central Bank plan to pump out about 1 trillion euros to reflate the euro zone's flagging economy. The metal, often seen as a hedg
Published 24 Jan, 2015 12:00am
KP Governor meets delegates of Shuhada Ghazi Forum

KP Governor meets delegates of Shuhada Ghazi Forum

KP Governor Sardar Mahtab Ahmad Khan while talking to a delegation of Shuhada Ghazi Forum, a representative body of the parents of martyred students of Army Public School, Peshawar here on Friday has said that the martyrdom of students is an extra-ordinar
Published 24 Jan, 2015 12:00am
Gas supply to Uch power plant suspended after blast

Gas supply to Uch power plant suspended after blast

Eighteen-inch gas pipeline was destroyed after a bomb explosion in Dera Murad Jamali early Friday morning resulting in the suspension of gas to the Uch power plant. The pipeline supplies gas to the Uch power plant from Sui which has now been suspended. Th
Published 24 Jan, 2015 12:00am
Khaqan enumerates reasons behind petrol shortage

Khaqan enumerates reasons behind petrol shortage

Ministry of Petroleum informed a joint meeting of Senate's Standing Committees on Finance, Water and Power, and Petroleum that the exceptionally high sales coupled with delays in imports and caused the petrol crisis. The meeting was further told that aver
Published 24 Jan, 2015 12:00am
Rail track blown up near Quetta

Rail track blown up near Quetta

Unidentified extremists blew up the railways track with explosive material at 13-mile area near Quetta on Friday morning. According to details, a portion of the track was blown up but there was no loss of life. Police said explosive material installed at
Published 24 Jan, 2015 12:00am
Memon challenges democratic credentials of Arbab, Jatoi

Memon challenges democratic credentials of Arbab, Jatoi

Sharjeel Memon, Sindh Information Minister and PPP leader on Friday challenged the democratic credentials of both Arbab Ghulam Rahim and Liaquat Ali Jatoi, saying both of them came to power with the support of dictators. Reacting to criticism by Rahim and
Published 24 Jan, 2015 12:00am
Senate elections: PML-N invites applications

Senate elections: PML-N invites applications

The ruling Pakistan Muslim League-Nawaz (PML-N) on Friday sought applications from party candidates interested in Senate's elections scheduled for March 03. According to a statement issued here by the party central media office, the ruling party has calle
Published 24 Jan, 2015 12:00am
STRIVE Project team meets Punjab minister

STRIVE Project team meets Punjab minister

A 6-member delegation of STRIVE Project (Strengthening resilience to violent extremism) of European Commission led by Project Director Richard Barret met Provincial Minister for Education Rana Mashhood Ahmed Khan here Friday. Provincial Education Minister
Published 24 Jan, 2015 12:00am
PLS deposit PPCBL announces rates of profit

PLS deposit PPCBL announces rates of profit

The Punjab Provincial Co-operative Co-operation Ltd has announced the rates of profit on PLS deposit for the half year ended on 31st December 2014. On Rupee Saving Bank Deposits: 7 percent profit has been announced on monthly average balance from 01.07.20
Published 24 Jan, 2015 12:00am
Punjab takes lead in implementing NAP

Punjab takes lead in implementing NAP

On the directions of Prime Minister Muhammad Nawaz Sharif the National Action Plan (NAP) for countering terrorism and extremism is under way in all parts of the country, PM office's press wing said on Friday. According to the data available so far Punjab
Published 24 Jan, 2015 12:00am
Rahim, Jatoi lash out at Sindh government

Rahim, Jatoi lash out at Sindh government

Arbab Ghulam Rahim, Pakistan Muslim League-Quaid (PML-Q) leader and former Sindh chief minister on Friday criticised the Sindh government, saying there is no democracy in the province. Talking to media persons outside the Sindh Assembly, Rahim called for
Published 24 Jan, 2015 12:00am
Nurse shot at, injured in PIMS

Nurse shot at, injured in PIMS

An unknown gunman on Friday opened fire on a third year student of the Nursing School in the Pakistan Institute of Medical Sciences (PIMS), resultantly she sustained serious injuries. The PIMS spokesman said Zobia, 22, a 3rd year student of Nursing School
Published 24 Jan, 2015 12:00am
Afghan SIMs: PTA chairman issued contempt of court notice

Afghan SIMs: PTA chairman issued contempt of court notice

The Islamabad High Court on Friday issued a contempt of court notice to Dr Syed Ismail Shah, the Chairman Pakistan Telecommunication Authority (PTA), for not submitting reply in a case regarding illegal use of Afghan mobile telephone companies' Subscriber
Published 24 Jan, 2015 12:00am
Reference for Sobho at Arts Council tomorrrow

Reference for Sobho at Arts Council tomorrrow

Comrade Sobho Gayanchandani Memorial Committee Karachi will organise a reference to remember Comrade Sobho at Arts Council of Pakistan, Karachi on Sunday. Friends and members of Pakistan's labour movement would attend in a large number, said a statement o
Published 24 Jan, 2015 12:00am
Full Court Reference pays tributes to ATIR chairman

Full Court Reference pays tributes to ATIR chairman

All major Tax Bar Associations of the country are holding Full Court References paying rich tribute to the chairman Appellate Tribunal Inland Revenue (ATIR) on his retirement. Karachi Tax Bar Association in collaboration with Pakistan Tax Bar Association
Published 24 Jan, 2015 12:00am
PMEX announces ranking of brokers

PMEX announces ranking of brokers

Pakistan Mercantile Exchange (PMEX) has announced ranking of top 10 brokers for 2014. According to PMEX announcement, 78 brokers were active and overall some 3.88 million contracts amounting to Rs 868.043 billion were traded during January-December 2014.
Published 24 Jan, 2015 12:00am
BoK Raast Islamic Banking Branch inaugurated at Quetta

BoK Raast Islamic Banking Branch inaugurated at Quetta

"The Islamic Financial system can strengthen our economic base and then our dreams of social development can be fulfil." Muzaffar Said, Minister for Finance Khyber Pakhtunkhwa, said this while addressing a gathering in Quetta on Friday afternoon after ina
Published 24 Jan, 2015 12:00am
SU to establish Department of Liberal Arts and Science: vice chancellor

SU to establish Department of Liberal Arts and Science: vice chancellor

Sindh University Vice-Chancellor Professor Dr Abida Taherani has said that a Department of Liberal Arts & Science would be established at the varsity soon. She said this while speaking to Vice-Chancellor of Shah Abdul Latif University, Khairpur, Professor
Published 24 Jan, 2015 12:00am
People irked by dilapidated roads

People irked by dilapidated roads

Poor sewerage system and dilapidated condition of roads leading to major hospitals of the city have become a cause of headache to thousands of people visiting these institutions. Leaking waterlines and overflowing gutters are not only creating hindrances
Published 24 Jan, 2015 12:00am
KP Assembly introduces bill to give legal protection to TEVTA

KP Assembly introduces bill to give legal protection to TEVTA

The provincial government of Khyber Pakhtunkhwa has introduced a bill in the provincial legislature for giving legal cover to the establishment of Technical Education and Vocational Training Authority (TEVTA) in the province.
Published 24 Jan, 2015 12:00am
CII stance on divorce cautiously welcomed

CII stance on divorce cautiously welcomed

The call by the Council of Islamic Ideology (CII) to legally ban the practice of pronouncing divorce three times at once and make it a punishable offence being against the injunctions of Islam is cautiously and guardedly welcomed. It is too early to make
Published 24 Jan, 2015 12:00am
Foreign jobs Bill seeks to restrict civil servants discussed

Foreign jobs Bill seeks to restrict civil servants discussed

National Assembly Standing Committee on Cabinet Secretariat Friday discussed "Civil Servants (Amendment) Bill, 2014" for preventing civil servants from getting jobs in international organisations, financial institutions and donor agencies during their ser
Published 24 Jan, 2015 12:00am
PC to make public details of PSDP projects

PC to make public details of PSDP projects

"Planning Commission is moving towards opening data system to make public details of PSDP projects on website for public scrutiny," Federal Minister for Planning, Developing and Reform prof Ahsan Iqbal said this while chairing meeting of Advisory Committe
Published 24 Jan, 2015 12:00am
Sindh police working on plan to bring Uzair back to country

Sindh police working on plan to bring Uzair back to country

A team of the Sindh Police would shortly leave for United Arab Emirates (UAE) to bring back the alleged ringleader of Lyari gang war, Uzair Baloch, who was arrested by Dubai authorities last month, it was learnt. Sources both in the Sindh Police and Feder
Published 24 Jan, 2015 12:00am
National Bank declares PLS profit rates

National Bank declares PLS profit rates

National Bank of Pakistan has declared the following rates of profit on PLS deposits/other deposits for the half year ended December 31, 2014:

Published 24 Jan, 2015 12:00am
National Bank declares PLS profit rates

National Bank declares PLS profit rates

National Bank of Pakistan has declared the following rates of profit on PLS deposits/other deposits for the half year ended December 31, 2014:

Published 24 Jan, 2015 12:00am
YPP urges political parties to hold party elections

YPP urges political parties to hold party elections

Youth Parliament Pakistan has urged all Pakistani political parties to hold regular intra party elections to pave way for internal democracy in parties. The fifth and last day of the 4th session of the Youth Parliament Pakistan started with a resolution s
Published 24 Jan, 2015 12:00am
'Auction' of unsold spectrum discussed

'Auction' of unsold spectrum discussed

Minister of State for Information Technology Anusha Rahman chaired a meeting with Cellular Mobile Operators (CMO) here on Friday to discuss the "Auction" of unsold spectrum. Federal Secretary IT Azmat Ali Ranjha, Chairman PTA Dr Syed Ismail Shah, Member T
Published 24 Jan, 2015 12:00am
Textile exports PTEA expresses concern over 6.38 percent decline

Textile exports PTEA expresses concern over 6.38 percent decline

The Pakistan Textile Exporters Association (PTEA) has expressed deep concern over drop of 6.38 percent in textile exports in December 2014 despite the availability of GSP Plus benefit. Unprecedented energy shortage and lack of working capital are the prim
Published 24 Jan, 2015 12:00am
NAB, PCB join hands in fight against corruption

NAB, PCB join hands in fight against corruption

National Accountability Bureau (NAB) has intensified its proactive approach against corruption. Recently, after signing a memorandum of understanding with Higher Education Commission, NAB joined hands with Pakistan Cricket Board (PCB) to raise awareness a
Published 24 Jan, 2015 12:00am
Effective ILS reporting critical to development: minister

Effective ILS reporting critical to development: minister

Punjab Minister for Labour Raja Ashfaq Sarwar said on Friday that an effective reporting on International Labour Standards (ILS) is crucial for socio-economic uplift of country, especially after devolution of subject to provinces after 18th amendment. He
Published 24 Jan, 2015 12:00am
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