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Print - 2015-01-28
Minorities demand inclusion of Dinyat in curriculum

Minorities demand inclusion of Dinyat in curriculum

Speakers in a consultative meeting on Tuesday demanded of the provincial government to instead of Islamiyat include Dinyat subject in curriculum adding that dialogues were continued with the provincial government in this regard. A consultative meeting was
Published 28 Jan, 2015 12:00am
Harassing lady Naib Qasid: Ombudswoman takes action against headmaster

Harassing lady Naib Qasid: Ombudswoman takes action against headmaster

Ombudswoman Punjab has ordered action against a headmaster for harassing a lady Naib Qasid and reinstated a bank manager upon the allegation of harassment had proved wrong. Provincial Ombudswoman Professor Dr Mira Phailbus has ordered to stop three annual
Published 28 Jan, 2015 12:00am
Mayor, Deputy Mayor of Quetta: PML-N, PkMAP announce joint candidates

Mayor, Deputy Mayor of Quetta: PML-N, PkMAP announce joint candidates

Pakistan Muslim League-N Balochistan chapter and Pashtoonkhawa Milli Awami Party announced their joint candidates for the offices of Mayor and Deputy Mayor of Quetta Metropolitan Corporation, respectively. PML-N Balochistan General Secretary, Nasibullah B
Published 28 Jan, 2015 12:00am
NAP against terrorists yielding positive results: chief minister Punjab

NAP against terrorists yielding positive results: chief minister Punjab

Punjab Chief Minister Shahbaz Sharif has said that due to sacrifice of innocent children in Peshawar, the nation has united and such an exemplary display of unity and harmony is unprecedented in the history of Pakistan. He said it is high time to take ben
Published 28 Jan, 2015 12:00am
Taseer's murder: IHC says ready to hear case

Taseer's murder: IHC says ready to hear case

The Islamabad High Court ((IHC) on Tuesday said that it is ready to hear the Salmaan Taseer murder case on a regular basis. A two-member bench comprising Justice Noorul Haq Qureshi and Justice Shaukat Aziz Siddiqui heard the appeal plea filed by Mumtaz Qa
Published 28 Jan, 2015 12:00am
GMAP chief welcomes mark-up rate cut

GMAP chief welcomes mark-up rate cut

Grinding Mills Association of Pakistan (GMAP) President Chaudhry Iftikhar Bashir has welcomed the announcement of one percent cut in policy discount rates by the State Bank of Pakistan. He said that it will increase the business activities and further cut
Published 28 Jan, 2015 12:00am
Convergence of interests

Convergence of interests

Apropos 'Man who reshaped Saudi Arabia dies' carried by the newspaper as its main editorial on January 24, it has been argued, among other things, that "King Abdullah was not greatly impressed by the 'Arab Spring', his impression aptly vindicated by the r
Published 28 Jan, 2015 12:00am
Punjab government's counter-terror measures

Punjab government's counter-terror measures

Chief Minister of Punjab Mian Shahbaz Sharif is performing a lead role in war against terrorism. Recently, he addressed a high-level security conference attended by all commissioners of Punjab, RPOs, DCOs, DPOs and provincial ministers. He said: "various
Published 28 Jan, 2015 12:00am
'Economic woes': rejoinder

'Economic woes': rejoinder

Dr Ashfaque H. Khan in his article "Economic Woes" has raised questions that despite tall claims of the present government, there isn't much changed in the last nineteen months and that where do we stand today? The writer should be mindful that when prese
Published 28 Jan, 2015 12:00am
Core purpose of Obama's second visit to India

Core purpose of Obama's second visit to India

Obama made a second visit to India during his tenure of Presidency. There is much talk, envy and speculations about his visit in Indian and Pakistani media. If one takes a close look at Obama's visit agenda, the transcripts of the meeting held between the
Published 28 Jan, 2015 12:00am
Getting the facts straight

Getting the facts straight

The alleged police action at Government Islamia High School, located in the heart of old Lahore, has been generating a lot of media hype though not exactly on good grounds. According to reports, the pupils and parents were staging a protest demonstration
Published 28 Jan, 2015 12:00am
Fire fighting

Fire fighting

A consensus is emerging that the Nawaz Sharif administration has remained focused on fighting fires that nine times out of ten received the accelerant from within the ruling party itself. In the case of the petrol crisis the accelerant was provided by the
Published 28 Jan, 2015 12:00am
PHDEC employees stage demonstration

PHDEC employees stage demonstration

Employees of Pakistan Horticulture Development and Export Company (PHDEC) have urged the Federal Minister for Commerce Khurram Dastgir to decide the fate of the institution at the earliest as they are neither being relieved from their duties not being pai
Published 28 Jan, 2015 12:00am
PU holds conference: speakers for promotion of non-formal education

PU holds conference: speakers for promotion of non-formal education

Speakers at a conference at Punjab University have stressed upon the need to promote non-formal education to increase literacy rate in the country. The conference was organised by Education for All Federation, Literacy and Non-Formal Basic Education Depar
Published 28 Jan, 2015 12:00am
EFU General Insurance

EFU General Insurance

Incorporated in 1932, EFU General Insurance was formed under the leadership and administration of Mr Ghulam Mohammad and the financial and mutual support of Aga Khan III and the Nawab of Mughal. Under the umbrella of EFU Group, the company stands as the l
Published 28 Jan, 2015 12:00am
EFU General Insurance

EFU General Insurance

Incorporated in 1932, EFU General Insurance was formed under the leadership and administration of Mr Ghulam Mohammad and the financial and mutual support of Aga Khan III and the Nawab of Mughal. Under the umbrella of EFU Group, the company stands as the l
Published 28 Jan, 2015 12:00am
ICE cotton rises most in 8-1/2 weeks on speculator short covering

ICE cotton rises most in 8-1/2 weeks on speculator short covering

ICE cotton rebounded off a near 5-1/2-year low hit the previous session to rise the most in 8-1/2 weeks on Monday as speculators covered short positions in response to the Commitment of Traders report released Friday after market close. The most-active fr
Published 28 Jan, 2015 12:00am
Shanghai copper up

Shanghai copper up

The most-traded April copper contract on the Shanghai Futures Exchange was up 1.5 percent at 40,260 yuan ($6,443) a tonne on Tuesday, having pared gains of more than 2 percent. ShFE zinc cut gains to 1.4 percent from 2.1 percent. "Greece was a non-event.
Published 28 Jan, 2015 12:00am
Copper retreats towards 5-1/2 year low on China worries

Copper retreats towards 5-1/2 year low on China worries

Copper slid on Tuesday back towards the prior session's 5-1/2 year low on concerns over slowing growth and weak demand in top consumer China as well as rising metal inventories. Data showed China's factory profits grew at their weakest rate in two years i
Published 28 Jan, 2015 12:00am
Oil up two percent on weaker dollar; traders wary of stock build

Oil up two percent on weaker dollar; traders wary of stock build

Oil rose more than 2 percent on Tuesday as a weaker dollar propped up commodities priced in the currency, prompting short-covering in a market that has sold off with little pause over the past seven months. Even so, gains in oil were capped by fears of an
Published 28 Jan, 2015 12:00am
Soyabeans rebound from three-month low

Soyabeans rebound from three-month low

Chicago Board of Trade soyabean futures rebounded from a three-month low on Monday, led by export demand for US soyameal, a key source of protein in animal feed rations, traders said. Wheat and corn closed lower. At the CBOT, March soyabeans settled up 10
Published 28 Jan, 2015 12:00am
Palm oil snaps four-day decline

Palm oil snaps four-day decline

Malaysian palm oil futures rebounded on Tuesday to snap four days of declines but remained not far off their lowest in almost six weeks as a big domestic crop, poor demand and weak competing oil prices put pressure on the edible oil. By the close, the ben
Published 28 Jan, 2015 12:00am
Raw sugar drops

Raw sugar drops

Raw sugar futures on ICE fell more than 2 percent in heavy volume on Tuesday, on forecasts for rain in top-grower Brazil and expectations that India will approve a new export subsidy, while New York cocoa bounced up from a one-year low. Technical buying a
Published 28 Jan, 2015 12:00am
Gold dips in New York

Gold dips in New York

Gold fell more than 1 percent on Monday as traders cashed in gains that took the metal to five-month highs last week, with the wider markets shrugging off news that an anti-austerity party had won elections in Greece. Greek leftist leader Alexis Tsipras,
Published 28 Jan, 2015 12:00am
The Weather

The Weather

The weather report on Tuesday (January 27, 2015) and the forecast for Wednesday (January 28, 2015).

Published 28 Jan, 2015 12:00am
Gold struggles in Asia

Gold struggles in Asia

Gold struggled on Tuesday to recover losses from the previous two sessions as a firm dollar and strength in equities dulled the metal's appeal as a hedge, keeping the yellow metal firmly below a five-month high. Spot gold was steady at $1,279.90 an ounce
Published 28 Jan, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (January 27, 2015).

Published 28 Jan, 2015 12:00am
Gold rises in Europe

Gold rises in Europe

Gold edged up on Tuesday after two sessions of losses, as the dollar and shares eased ahead of a US Federal Reserve policy meeting that may push back expectations for when US interest rates will start to rise. The Fed starts its first two-day policy meeti
Published 28 Jan, 2015 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 28 Jan, 2015 12:00am
US MIDDAY: soyabeans fall

US MIDDAY: soyabeans fall

Chicago Board of Trade soyabean futures fell on Tuesday, stepping back from a two-session rally on a mix of technical selling and slowing export demand for US supplies, traders said. Corn also fell, while wheat was narrowly mixed, underpinned by a decline
Published 28 Jan, 2015 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 28 Jan, 2015 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose 1 percent on Tuesday after two sessions of losses, as the dollar and shares eased ahead of a US Federal Reserve policy meeting that may push back expectations for when US interest rates will start to rise. The Fed started its first two-day polic
Published 28 Jan, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (January 27, 2015).

Published 28 Jan, 2015 12:00am
$20 million ADB loan agreement signed

$20 million ADB loan agreement signed

The Asian Development Bank (ADB) and the government on Tuesday signed an agreement to lend $20 million to improve corporate governance, technical capacity and regulatory framework of Pakistan''''s privatisation programme. Dr Werner E Liepach ADB''''s Coun
Published 28 Jan, 2015 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Tuesday (January 27, 2015) and for Wednesday (January 28, 2015).
Published 28 Jan, 2015 12:00am
$20 million ADB loan agreement signed

$20 million ADB loan agreement signed

The Asian Development Bank (ADB) and the government on Tuesday signed an agreement to lend $20 million to improve corporate governance, technical capacity and regulatory framework of Pakistan''s privatisation programme. Dr Werner E Liepach ADB''s Country
Published 28 Jan, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (January 27, 2015)

Published 28 Jan, 2015 12:00am
$20 million ADB loan agreement signed

$20 million ADB loan agreement signed

The Asian Development Bank (ADB) and the government on Tuesday signed an agreement to lend $20 million to improve corporate governance, technical capacity and regulatory framework of Pakistan's privatisation programme. Dr Werner E Liepach ADB's Country Di
Published 28 Jan, 2015 12:00am
$20 million ADB loan agreement signed

$20 million ADB loan agreement signed

The Asian Development Bank (ADB) and the government on Tuesday signed an agreement to lend $20 million to improve corporate governance, technical capacity and regulatory framework of Pakistan's privatisation programme. Dr Werner E Liepach ADB's Country Di
Published 28 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 Tuesday (January 27, 2015).

Published 28 Jan, 2015 12:00am
Cost escalation: action ordered against erring officials

Cost escalation: action ordered against erring officials

The Public Account Committee-III directed the Ministry of Housing and Works to take action against all those government officials who were involved in accepting the award of construction of federal tribunal courts'' complex at Hayatabad, Peshawar, at a co
Published 28 Jan, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 27, 2015).

Published 28 Jan, 2015 12:00am
Cost escalation: action ordered against erring officials

Cost escalation: action ordered against erring officials

The Public Account Committee-III directed the Ministry of Housing and Works to take action against all those government officials who were involved in accepting the award of construction of federal tribunal courts' complex at Hayatabad, Peshawar, at a cos
Published 28 Jan, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (January 27, 2015).

Published 28 Jan, 2015 12:00am
Cost escalation: action ordered against erring officials

Cost escalation: action ordered against erring officials

The Public Account Committee-III directed the Ministry of Housing and Works to take action against all those government officials who were involved in accepting the award of construction of federal tribunal courts' complex at Hayatabad, Peshawar, at a cos
Published 28 Jan, 2015 12:00am
Facebook, Instagram suffer outage but deny hacker attack

Facebook, Instagram suffer outage but deny hacker attack

Facebook, the world''s most popular social network, and its Instagram photo-sharing site were interrupted temporarily Tuesday, provoking panic, rumours of a hack, and jokes of how more than one billion users were struggling to cope. "This was not the resu
Published 28 Jan, 2015 12:00am
Facebook, Instagram suffer outage but deny hacker attack

Facebook, Instagram suffer outage but deny hacker attack

Facebook, the world's most popular social network, and its Instagram photo-sharing site were interrupted temporarily Tuesday, provoking panic, rumours of a hack, and jokes of how more than one billion users were struggling to cope. "This was not the resul
Published 28 Jan, 2015 12:00am
THE RUPEE: slight recovery

THE RUPEE: slight recovery

The rupee managed to recover slightly against the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee gave up weakness in relation to the dollar, gaining eight-paisa for buying Rs 100.97 and 10-paisa for selling at Rs
Published 28 Jan, 2015 12:00am
Facebook, Instagram suffer outage but deny hacker attack

Facebook, Instagram suffer outage but deny hacker attack

Facebook, the world's most popular social network, and its Instagram photo-sharing site were interrupted temporarily Tuesday, provoking panic, rumours of a hack, and jokes of how more than one billion users were struggling to cope. "This was not the resul
Published 28 Jan, 2015 12:00am
THE RUPEE: slight recovery

THE RUPEE: slight recovery

The rupee managed to recover slightly against the dollar on the money market on Tuesday in the process of trading, dealers said. The rupee gave up weakness in relation to the dollar, gaining eight-paisa for buying Rs 100.97 and 10-paisa for selling at Rs
Published 28 Jan, 2015 12:00am
Libya attack: American, French, South Korean, two Filipinos killed

Libya attack: American, French, South Korean, two Filipinos killed

An American, a French citizen, a South Korean and two Filipinos were the five foreigners killed when gunmen assaulted a luxury hotel in Tripoli Tuesday, a security official said. Earlier, Issam al-Naass had said five foreigners died after the gunmen set o
Published 28 Jan, 2015 12:00am
Libya attack: American, French, South Korean, two Filipinos killed

Libya attack: American, French, South Korean, two Filipinos killed

An American, a French citizen, a South Korean and two Filipinos were the five foreigners killed when gunmen assaulted a luxury hotel in Tripoli Tuesday, a security official said. Earlier, Issam al-Naass had said five foreigners died after the gunmen set o
Published 28 Jan, 2015 12:00am
Sri Lanka probes political links to drug kingpin

Sri Lanka probes political links to drug kingpin

Sri Lanka's police said Tuesday they were investigating whether a man who confessed to smuggling over 1,000 kilos of heroin to the island over three years had political protection. Samantha Kumara Vithanage was arrested in Pakistan earlier this month and
Published 28 Jan, 2015 12:00am
Sri Lanka probes political links to drug kingpin

Sri Lanka probes political links to drug kingpin

Sri Lanka's police said Tuesday they were investigating whether a man who confessed to smuggling over 1,000 kilos of heroin to the island over three years had political protection. Samantha Kumara Vithanage was arrested in Pakistan earlier this month and
Published 28 Jan, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Tuesday (January 27, 2015).

Published 28 Jan, 2015 12:00am
New York defends storm shutdown

New York defends storm shutdown

New York authorities on Tuesday vigorously defended a decision to shut down America's biggest city for a winter storm that skirted the Big Apple, dumping the worst snow on Long Island and New England. Travel bans were lifted, public transport resumed and
Published 28 Jan, 2015 12:00am
New York defends storm shutdown

New York defends storm shutdown

New York authorities on Tuesday vigorously defended a decision to shut down America's biggest city for a winter storm that skirted the Big Apple, dumping the worst snow on Long Island and New England. Travel bans were lifted, public transport resumed and
Published 28 Jan, 2015 12:00am
Involvement in kidnapping for ransom: CPLC chief denies reports

Involvement in kidnapping for ransom: CPLC chief denies reports

The Citizen-Police Liaison Committee (CPLC) chief Ahmed Chinoy on Tuesday addressed a press conference in Karachi and denied rumours circulating in media of a kidnapping-for-ransom victim and an amount of Rs 1.5 million being recovered from his house. "Re
Published 28 Jan, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Jan, 2015 12:00am
Involvement in kidnapping for ransom: CPLC chief denies reports

Involvement in kidnapping for ransom: CPLC chief denies reports

The Citizen-Police Liaison Committee (CPLC) chief Ahmed Chinoy on Tuesday addressed a press conference in Karachi and denied rumours circulating in media of a kidnapping-for-ransom victim and an amount of Rs 1.5 million being recovered from his house. "Re
Published 28 Jan, 2015 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 28 Jan, 2015 12:00am
Greece names hardline anti-bailout finance minister

Greece names hardline anti-bailout finance minister

Greece named radical left-wing economist Yanis Varoufakis its new finance minister on Tuesday, giving him the mammoth task of leading negotiations with international creditors over the country's bailout. The appointment of Varoufakis is seen as a signal t
Published 28 Jan, 2015 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 28 Jan, 2015 12:00am
Greece names hardline anti-bailout finance minister

Greece names hardline anti-bailout finance minister

Greece named radical left-wing economist Yanis Varoufakis its new finance minister on Tuesday, giving him the mammoth task of leading negotiations with international creditors over the country's bailout. The appointment of Varoufakis is seen as a signal t
Published 28 Jan, 2015 12:00am
Teachers get gun training after Peshawar massacre

Teachers get gun training after Peshawar massacre

Teachers are being given firearms training and will be allowed to take guns into the classroom in a bid to strengthen security following a Taliban massacre at a school last month. "Carrying firearms for every teacher is not obligatory, but all those who w
Published 28 Jan, 2015 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 28 Jan, 2015 12:00am
Teachers get gun training after Peshawar massacre

Teachers get gun training after Peshawar massacre

Teachers are being given firearms training and will be allowed to take guns into the classroom in a bid to strengthen security following a Taliban massacre at a school last month. "Carrying firearms for every teacher is not obligatory, but all those who w
Published 28 Jan, 2015 12:00am
ISE index rises by 16.48 points

ISE index rises by 16.48 points

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) on Tuesday, where equities continued to move in upward direction with positive trend at the ISE amid increase in index. ISE Ten Index showed an improvement of 16.48 points as the ISE Te
Published 28 Jan, 2015 12:00am
ISE index rises by 16.48 points

ISE index rises by 16.48 points

Bulls dominated the proceedings at the Islamabad Stock Exchange (ISE) on Tuesday, where equities continued to move in upward direction with positive trend at the ISE amid increase in index. ISE Ten Index showed an improvement of 16.48 points as the ISE Te
Published 28 Jan, 2015 12:00am
LSE index declines slightly

LSE index declines slightly

Bullish sentiments continued for another day on the Lahore Stock Exchange on Tuesday and the equities registered gains amid improved trading turnover. The LSE-25 index was slightly declined by 1.87 points to close at 6357.10 against 6358.97 of Monday whil
Published 28 Jan, 2015 12:00am
LSE index declines slightly

LSE index declines slightly

Bullish sentiments continued for another day on the Lahore Stock Exchange on Tuesday and the equities registered gains amid improved trading turnover. The LSE-25 index was slightly declined by 1.87 points to close at 6357.10 against 6358.97 of Monday whil
Published 28 Jan, 2015 12:00am
We''re not selling assets to finance fiscal deficit: Zubair

We''re not selling assets to finance fiscal deficit: Zubair

The government cannot use privatisation proceeds for financing fiscal deficit, as law requires utilisation of 90 percent of mobilised resources on debt retirement and 10 per cent on poverty alleviation. Chairman Privatisation Commission Muhammad Zubair, w
Published 28 Jan, 2015 12:00am
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