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May 11, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-01-24
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
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
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
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
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
New Libya case reveals UK-Qadhafi intelligence ties

New Libya case reveals UK-Qadhafi intelligence ties

Britain allowed Libyan intelligence agents to operate on British soil during Moamer Qadhafi's regime, enabling them allegedly to intimidate political opponents seeking asylum, media reports said Friday. The claim is based on an analysis of files unearthed
Published 24 Jan, 2015 12:00am
New Libya case reveals UK-Qadhafi intelligence ties

New Libya case reveals UK-Qadhafi intelligence ties

Britain allowed Libyan intelligence agents to operate on British soil during Moamer Qadhafi's regime, enabling them allegedly to intimidate political opponents seeking asylum, media reports said Friday. The claim is based on an analysis of files unearthed
Published 24 Jan, 2015 12:00am
Appointment of representative to WTO: Officials idling over summary

Appointment of representative to WTO: Officials idling over summary

Prime Minister's close top bureaucrats are said to be idling over a summary of Commerce Ministry on appointment of permanent representative (ambassadorial rank) to the World Trade Organisation (WTO), sources close to Secretary Commerce told Business Re
Published 24 Jan, 2015 12:00am
THE RUPEE: all-round slide

THE RUPEE: all-round slide

The rupee failed to retain its present firmness against the dollar on the money market on Friday, dealers said. Commenting on the direction, some experts in the market said that rupee showed sharp fluctuations versus the dollar during the day due to stron
Published 24 Jan, 2015 12:00am
Appointment of representative to WTO: Officials idling over summary

Appointment of representative to WTO: Officials idling over summary

Prime Minister's close top bureaucrats are said to be idling over a summary of Commerce Ministry on appointment of permanent representative (ambassadorial rank) to the World Trade Organisation (WTO), sources close to Secretary Commerce told Business Re
Published 24 Jan, 2015 12:00am
THE RUPEE: all-round slide

THE RUPEE: all-round slide

The rupee failed to retain its present firmness against the dollar on the money market on Friday, dealers said. Commenting on the direction, some experts in the market said that rupee showed sharp fluctuations versus the dollar during the day due to stron
Published 24 Jan, 2015 12:00am
Appointment of representative to WTO: Officials idling over summary

Appointment of representative to WTO: Officials idling over summary

Prime Minister''s close top bureaucrats are said to be idling over a summary of Commerce Ministry on appointment of permanent representative (ambassadorial rank) to the World Trade Organisation (WTO), sources close to Secretary Commerce told Business R
Published 24 Jan, 2015 12:00am
Two killed by blast in Indian prisoner escape

Two killed by blast in Indian prisoner escape

A female bomber blew herself up and killed a police officer outside a court in the Indian state of Bihar Friday as part of an escape bid by two murder suspects who are now on the run, police said. More than a dozen people were also injured in the explosio
Published 24 Jan, 2015 12:00am
Two killed by blast in Indian prisoner escape

Two killed by blast in Indian prisoner escape

A female bomber blew herself up and killed a police officer outside a court in the Indian state of Bihar Friday as part of an escape bid by two murder suspects who are now on the run, police said. More than a dozen people were also injured in the explosio
Published 24 Jan, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 23, 2015).

Published 24 Jan, 2015 12:00am
NAB chairman: petitions against Nawaz, Gilani dismissed

NAB chairman: petitions against Nawaz, Gilani dismissed

The Supreme Court on Friday dismissed contempt of court petitions filed against Prime Minister Nawaz Sharif and a former prime minister Syed Yousaf Raza Gilani in appointment of chairman National Accountability Bureau (NAB) case. A three-member bench head
Published 24 Jan, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (January 23, 2015).

Published 24 Jan, 2015 12:00am
NAB chairman: petitions against Nawaz, Gilani dismissed

NAB chairman: petitions against Nawaz, Gilani dismissed

The Supreme Court on Friday dismissed contempt of court petitions filed against Prime Minister Nawaz Sharif and a former prime minister Syed Yousaf Raza Gilani in appointment of chairman National Accountability Bureau (NAB) case. A three-member bench head
Published 24 Jan, 2015 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (January 23, 2015).

Published 24 Jan, 2015 12:00am
Airport project: CAA reluctant to give final date

Airport project: CAA reluctant to give final date

The Civil Aviation Authority (CAA) is reluctant to give the operational date for an under-construction New Benazir Bhutto International Airport Project (NBBIAP) scheduled for completion by October 2016. An official of CAA told Business Recorder tha
Published 24 Jan, 2015 12:00am
Airport project: CAA reluctant to give final date

Airport project: CAA reluctant to give final date

The Civil Aviation Authority (CAA) is reluctant to give the operational date for an under-construction New Benazir Bhutto International Airport Project (NBBIAP) scheduled for completion by October 2016. An official of CAA told Business Recorder tha
Published 24 Jan, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (January 23, 2015)

Published 24 Jan, 2015 12:00am
Airport project: CAA reluctant to give final date

Airport project: CAA reluctant to give final date

The Civil Aviation Authority (CAA) is reluctant to give the operational date for an under-construction New Benazir Bhutto International Airport Project (NBBIAP) scheduled for completion by October 2016. An official of CAA told Business Recorder tha
Published 24 Jan, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (January 23, 2015).

Published 24 Jan, 2015 12:00am
Weekly SPI inflation up 0.28 percent

Weekly SPI inflation up 0.28 percent

The weekly Sensitive Price Indicator (SPI) inflation increased by 0.28 percent during the week ended January 22. The provisional data, released by Pakistan Bureau of Statistics (PBS), shows that the SPI for the week under review was recorded at 209.37 aga
Published 24 Jan, 2015 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on 20th January, 2015.

Published 24 Jan, 2015 12:00am
Weekly SPI inflation up 0.28 percent

Weekly SPI inflation up 0.28 percent

The weekly Sensitive Price Indicator (SPI) inflation increased by 0.28 percent during the week ended January 22. The provisional data, released by Pakistan Bureau of Statistics (PBS), shows that the SPI for the week under review was recorded at 209.37 aga
Published 24 Jan, 2015 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on 20th January, 2015.

Published 24 Jan, 2015 12:00am
Weekly SPI inflation up 0.28 percent

Weekly SPI inflation up 0.28 percent

The weekly Sensitive Price Indicator (SPI) inflation increased by 0.28 percent during the week ended January 22. The provisional data, released by Pakistan Bureau of Statistics (PBS), shows that the SPI for the week under review was recorded at 209.37 aga
Published 24 Jan, 2015 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on 20th January, 2015.

Published 24 Jan, 2015 12:00am
Musharraf seeks to travel to Saudi Arabia

Musharraf seeks to travel to Saudi Arabia

Former president Pervez Musharraf on Friday asked permission of the Interior Ministry to visit Saudi Arabia to express grief over the demise of the late King Abdullah. According to the application put forth by Musharraf, he wants to go Saudi Arabia to exp
Published 24 Jan, 2015 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 24 Jan, 2015 12:00am
Musharraf seeks to travel to Saudi Arabia

Musharraf seeks to travel to Saudi Arabia

Former president Pervez Musharraf on Friday asked permission of the Interior Ministry to visit Saudi Arabia to express grief over the demise of the late King Abdullah. According to the application put forth by Musharraf, he wants to go Saudi Arabia to exp
Published 24 Jan, 2015 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 24 Jan, 2015 12:00am
UK to take nuclear plant share for national security

UK to take nuclear plant share for national security

Britain will have a "special share" in the French-led new Hinkley Point nuclear power plant consortium to safeguard national security, British energy officials told a parliamentary hearing this week. "The UK will have a special share in the consortium," e
Published 24 Jan, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (January 23, 2015).

Published 24 Jan, 2015 12:00am
UK to take nuclear plant share for national security

UK to take nuclear plant share for national security

Britain will have a "special share" in the French-led new Hinkley Point nuclear power plant consortium to safeguard national security, British energy officials told a parliamentary hearing this week. "The UK will have a special share in the consortium," e
Published 24 Jan, 2015 12:00am
The Weather

The Weather

The weather report on Friday (January 23, 2015) and the forecast for Saturday (January 24, 2015).

Published 24 Jan, 2015 12:00am
UK to take nuclear plant share for national security

UK to take nuclear plant share for national security

Britain will have a "special share" in the French-led new Hinkley Point nuclear power plant consortium to safeguard national security, British energy officials told a parliamentary hearing this week. "The UK will have a special share in the consortium," e
Published 24 Jan, 2015 12:00am
Air strikes near Damascus kill 42

Air strikes near Damascus kill 42

Government air strikes on a rebel-held village east of Damascus Friday killed 42 civilians, including six children, a monitoring group said, denouncing what it called a massacre. "The number of people killed in air strikes on the village of Hammuriyeh has
Published 24 Jan, 2015 12:00am
Air strikes near Damascus kill 42

Air strikes near Damascus kill 42

Government air strikes on a rebel-held village east of Damascus Friday killed 42 civilians, including six children, a monitoring group said, denouncing what it called a massacre. "The number of people killed in air strikes on the village of Hammuriyeh has
Published 24 Jan, 2015 12:00am
Man who reshaped Saudi Arabia dies

Man who reshaped Saudi Arabia dies

Internationally the most influential monarch and Pakistan's great friend King Abdullah bin Abdul Aziz of Saudi Arabia passed away early Friday morning, leaving behind a politically stable kingdom and a people set to break away from their conservative past
Published 24 Jan, 2015 12:00am
Energy crisis continues

Energy crisis continues

There have been two extremely disturbing reports relating to the energy crisis. First the incumbent government's decision to extend the Gas Infrastructure Development Cess (GIDC) ordinance by 120 days after it was opposed in the House by the opposition on
Published 24 Jan, 2015 12:00am
The illusions of economic development

The illusions of economic development

The secret of the mastermind is found wholly in the use of imagination. And how true! We are now back to Balochistan where the PM has announced another package for the province that constitutes in area terms 47% of Pakistan. What are its requirements? Man
Published 24 Jan, 2015 12:00am
A promising life in France given up for jihad

A promising life in France given up for jihad

He had a promising graphic designer job, plans to be a wedding videographer and was a star sportsman in his French town. So how did Youssoup Nassoulkhanov end up in an Islamic State group video praising the Paris attacks? The streets of Schiltigheim in th
Published 24 Jan, 2015 12:00am
Internet will 'disappear', Google boss tells Davos

Internet will 'disappear', Google boss tells Davos

Google boss Eric Schmidt predicted on Thursday that the Internet will soon be so pervasive in every facet of our lives that it will effectively "disappear" into the background. Speaking to the business and political elite at the World Economic Forum at Da
Published 24 Jan, 2015 12:00am
Pak-Afghan relations

Pak-Afghan relations

Apropos 'Paradigm shift in Afghan policy raises hopes for peace' carried by Business Recorder yesterday on its op-ed, one needs to acknowledge the fact that the election of Ashraf Ghani as President of Afghanistan and a paradigm shift in Pakistan's
Published 24 Jan, 2015 12:00am
Gulpur Hydropower Project: IFC/World Bank approves financing

Gulpur Hydropower Project: IFC/World Bank approves financing

The IFC/World Bank Board has accorded approval for financing the 108 MW Gulpur Hydropower Project to be located at Poonch River, District Kotli, AJK. A high-level delegation of the IFC/World Bank here on Friday met the Finance Minister Ishaq Dar having in
Published 24 Jan, 2015 12:00am
Amenity plot: SHC seeks investigation report

Amenity plot: SHC seeks investigation report

The Sindh High Court on Friday directed the Anti-Corruption Department to submit a comprehensive report of its investigation carried out into lease of 17 residential-cum-commercial plots illegally carved out of an amenity plot in Hawkesbay area. A divisio
Published 24 Jan, 2015 12:00am
NAB Rawalpindi recovers Rs 1.22 billion during 2014

NAB Rawalpindi recovers Rs 1.22 billion during 2014

National Accountability Bureau (NAB) Rawalpindi has recovered Rs 1222.47 million from corrupt persons and arrested 54 accused in 2014, which is highest ever number for NAB Rawalpindi in any year. This was stated by the senior member NAB Chairman's Inspect
Published 24 Jan, 2015 12:00am
KPK plan for armed teachers faces criticism

KPK plan for armed teachers faces criticism

Imagine a school in which teachers enter classrooms carrying papers, books and an AK-47 assault rifle. Such a dystopian scene might soon be reality in Khyber-Pakhtunkhwa, where the government last week announced a plan to arm teachers to combat Taliban mi
Published 24 Jan, 2015 12:00am
Shahbaz condoles King Abdullah's death

Shahbaz condoles King Abdullah's death

Punjab Chief Minister Shahbaz Sharif has expressed deep sorrow and grief over the death of Saudi King Shah Abdullah bin Abdul Aziz. In a condolence message, CM said that Pakistan has lost a great friend. He said that late king was not only a great leader
Published 24 Jan, 2015 12:00am
Demise of King Abdullah condoled

Demise of King Abdullah condoled

Sardar Ayaz Sadiq, Speaker and Murtaza Javed Abbasi, Deputy Speaker of National Assembly have expressed their deep sense of shock and grief over the sad demise of King Abdullah. In their separate condolence messages to Saudi Royal family on Friday, the Sp
Published 24 Jan, 2015 12:00am
Zardari condoles death

Zardari condoles death

Co-Chairman Pakistan People's Party former President Asif Ali Zardari has expressed condolence over the death of King Abdullah bin Abdul Aziz and also paid glowing tributes to the late Saudi monarch. In a condolence message the former President said that
Published 24 Jan, 2015 12:00am
LPG prices cut by Rs 15 per kg on Ogra warning

LPG prices cut by Rs 15 per kg on Ogra warning

Following Oil and Gas Regulatory Authority (OGRA) warning, the marketing companies of Liquefied Petroleum Gas (LPG) have dropped the commodity prices by Rs 15 per kg, Rs 175 per domestic cylinder of 11.8 kg and Rs 680 per commercial cylinder. The LPG mark
Published 24 Jan, 2015 12:00am
SHC reserves judgement on Qaim's petition

SHC reserves judgement on Qaim's petition

The Sindh High Court on Friday reserved its judgement on a petition of Sindh Chief Minister Syed Qaim Ali Shah seeking transfer of the election petition challenging his election victory, from Election Tribunal Karachi to some other tribunal. A division be
Published 24 Jan, 2015 12:00am
Three gunned down in Karachi

Three gunned down in Karachi

Three people were killed in separate incidents of violence here on Friday. According to police and rescue sources, Abid Ahmed, son of Shamim Ahmed, was shot dead by unknown persons near Mohajir Chowk in Orangi Town, in the limits of Pakistan Bazaar police
Published 24 Jan, 2015 12:00am
Punjab governor appreciates Pakistan Coating Show

Punjab governor appreciates Pakistan Coating Show

Power Chemical Industries (pvt) Ltd, the country's leading raw painting material supplier on Friday, received appreciation by Governor Punjab Chaudhry Muhammad Sarwar, at the Pakistan Coating Show 2015, hosted by Bin Rasheed Group. CEO Moazzam Rasheed and
Published 24 Jan, 2015 12:00am
NAB hands over Rs 1.5 million cheque to NHA

NAB hands over Rs 1.5 million cheque to NHA

A cheque distribution ceremony was held on Friday at NAB Khyber Pakhtunkhwa wherein Director General NAB Irfan Naeem Mangi handed over a cheque of Rs 1.5 million to KP NHA General Manager Abdus Samad. The amount was recovered by NAB from Muqarab Khan, Ass
Published 24 Jan, 2015 12:00am
Demonstration rejects proposed Wapda privatisation

Demonstration rejects proposed Wapda privatisation

The Multan Electric Power Company employees on Friday observed a complete strike against the proposed privatisation, staged demonstration in front of the Mepco headquarters and demanded the government immediate termination of the privatisation plan. The W
Published 24 Jan, 2015 12:00am
Carpet exports register decline of over 10 percent in first half

Carpet exports register decline of over 10 percent in first half

"The carpet export has registered another decline of more than 10 percent during first half of the current fiscal year 2014-15 despite free market access to the EU countries under GSP Plus status." Pakistan Carpet Manufacturers and Exporters Association (
Published 24 Jan, 2015 12:00am
Arazi Record Centres set up in all Punjab tehsils

Arazi Record Centres set up in all Punjab tehsils

Arazi Record Centres have been established in all the 143 tehsils across Punjab where "Fard" is issued in 30 minutes and mutation is completed in just 50 minutes. Under computerisation of land record project, public is being provided land record services
Published 24 Jan, 2015 12:00am
Rebate on wheat: PFMA hails government's decision

Rebate on wheat: PFMA hails government's decision

Pakistan Flour Mills Association (PFMA) has welcomed the decision of the Pakistan government of giving rebate on 1.2 million tons of wheat and wheat products for ensuring export of the commodity. PFMA Central Chairman Asim Raza Ahmad in a statement issued
Published 24 Jan, 2015 12:00am
LHC stays process of appointment in Fesco

LHC stays process of appointment in Fesco

The Lahore High Court here on Friday stayed process for the appointment of chief executive officer and managing director in Faisalabad Electric Supply Company (Fesco) and sought reply from the Ministry of Water and Power by February 6. Fesco Engineers Ass
Published 24 Jan, 2015 12:00am
PTI condemns police attack on schoolchildren

PTI condemns police attack on schoolchildren

PTI Punjab on Friday has condemned the Punjab police's attack on schoolchildren and termed it as a criminal act. PTI Punjab Information Secretary Andleeb Abbas said instead of safeguarding the public, Punjab police have become a danger for public property
Published 24 Jan, 2015 12:00am
Musa Pak train: PR defers decision

Musa Pak train: PR defers decision

Pakistan Railways administration has deferred the decision of changing the timings of Musa Pak train running between Lahore-Multan-Lahore for a period of one month. PR administration decided to change the timings of Musa Pak train for enhancing occupancy
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
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
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
'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
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
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
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
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
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
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
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