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Print - 2015-01-29
Effort needed to stop India's entry into NSG: minister

Effort needed to stop India's entry into NSG: minister

Pakistan needs to make all out effort to stop India's entry into Nuclear Suppliers Group (NSG) and become a permanent member of the UN Security Council, said Minister for Defence Production Rana Tanveer. He stated this during a meeting of the National Ass
Published 29 Jan, 2015 12:00am
India sends foreign minister to China

India sends foreign minister to China

India's foreign minister will travel to China this weekend, New Delhi said on Wednesday, a day after Barack Obama ended a visit aimed at renewing US ties with the South Asian country. Sushma Swaraj will hold three-way talks with her Chinese and Russian co
Published 29 Jan, 2015 12:00am
India sends foreign minister to China

India sends foreign minister to China

India's foreign minister will travel to China this weekend, New Delhi said on Wednesday, a day after Barack Obama ended a visit aimed at renewing US ties with the South Asian country. Sushma Swaraj will hold three-way talks with her Chinese and Russian co
Published 29 Jan, 2015 12:00am
THE RUPEE: further gains

THE RUPEE: further gains

An upward trend continued on the local currency market on Wednesday as the rupee moved with solid gains versus the dollar, dealers said. The rupee managed to gain further versus the dollar, picking up five paisa for buying and selling at Rs 100.92 and Rs
Published 29 Jan, 2015 12:00am
Apple profit sets global record

Apple profit sets global record

Apple Inc quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales, powering the company to the largest profit in corporate history. The company sold 74.
Published 29 Jan, 2015 12:00am
THE RUPEE: further gains

THE RUPEE: further gains

An upward trend continued on the local currency market on Wednesday as the rupee moved with solid gains versus the dollar, dealers said. The rupee managed to gain further versus the dollar, picking up five paisa for buying and selling at Rs 100.92 and Rs
Published 29 Jan, 2015 12:00am
Apple profit sets global record

Apple profit sets global record

Apple Inc quarterly results smashed Wall Street expectations with record sales of big-screen iPhones in the holiday shopping season and a 70 percent rise in China sales, powering the company to the largest profit in corporate history. The company sold 74.
Published 29 Jan, 2015 12:00am
LSE index loses 38.64 points

LSE index loses 38.64 points

Equities failed to maintain upward move on the Lahore Stock Exchange on Wednesday and suffered losses amid slightly improved trading turnover. The LSE-25 index lost 38.64 points to close at 6309.58 against 6348.22 of Tuesday while transaction volume was i
Published 29 Jan, 2015 12:00am
LSE index loses 38.64 points

LSE index loses 38.64 points

Equities failed to maintain upward move on the Lahore Stock Exchange on Wednesday and suffered losses amid slightly improved trading turnover. The LSE-25 index lost 38.64 points to close at 6309.58 against 6348.22 of Tuesday while transaction volume was i
Published 29 Jan, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (January 28, 2015).

Published 29 Jan, 2015 12:00am
ISE index down by 24.67 points

ISE index down by 24.67 points

Bears retuned in the driving seat at the Islamabad Stock Exchange (ISE) on Wednesday, where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 24.67 points as the ISE Ten Index moved from 4,029.56 to 4,004.89 points. The
Published 29 Jan, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (January 28, 2015).

Published 29 Jan, 2015 12:00am
ISE index down by 24.67 points

ISE index down by 24.67 points

Bears retuned in the driving seat at the Islamabad Stock Exchange (ISE) on Wednesday, where losers outclassed gainers amid decrease in index. ISE Ten Index showed a decrease of 24.67 points as the ISE Ten Index moved from 4,029.56 to 4,004.89 points. The
Published 29 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 Wednesday (January 28, 2015).

Published 29 Jan, 2015 12:00am
Dr Kaleem elected Quetta Mayor

Dr Kaleem elected Quetta Mayor

Pashtoonkhwa Milli Awami Party (PMAP) leader Dr Kaleemullah was elected as Quetta Mayor by securing 54 votes on Wednesday. All Parties Democratic Alliance's Abdul Qadir Achakzai faced defeat by securing only 14 votes while Naeem Bazai was elected as Chair
Published 29 Jan, 2015 12:00am
Dr Kaleem elected Quetta Mayor

Dr Kaleem elected Quetta Mayor

Pashtoonkhwa Milli Awami Party (PMAP) leader Dr Kaleemullah was elected as Quetta Mayor by securing 54 votes on Wednesday. All Parties Democratic Alliance's Abdul Qadir Achakzai faced defeat by securing only 14 votes while Naeem Bazai was elected as Chair
Published 29 Jan, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (January 28, 2015)

Published 29 Jan, 2015 12:00am
SNGPL has no cash for import, pipeline projects

SNGPL has no cash for import, pipeline projects

Breathing hard under a Rs 10 billion debt to meet its operating expenses, the Sui Northern Gas Pipelines Limited (SNGPL) has no money to undertake its upcoming capital intensive LNG import and pipeline projects. The country's largest integrated gas compan
Published 29 Jan, 2015 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Wednesday (January 28, 2015) and for Thursday (January 29, 2015).
Published 29 Jan, 2015 12:00am
SNGPL has no cash for import, pipeline projects

SNGPL has no cash for import, pipeline projects

Breathing hard under a Rs 10 billion debt to meet its operating expenses, the Sui Northern Gas Pipelines Limited (SNGPL) has no money to undertake its upcoming capital intensive LNG import and pipeline projects. The country's largest integrated gas compan
Published 29 Jan, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (January 28, 2015).

Published 29 Jan, 2015 12:00am
SNGPL has no cash for import, pipeline projects

SNGPL has no cash for import, pipeline projects

Breathing hard under a Rs 10 billion debt to meet its operating expenses, the Sui Northern Gas Pipelines Limited (SNGPL) has no money to undertake its upcoming capital intensive LNG import and pipeline projects. The country''s largest integrated gas compa
Published 29 Jan, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 29 Jan, 2015 12:00am
France, Germany, Britain to meet Iran on nuclear issue

France, Germany, Britain to meet Iran on nuclear issue

France, Germany and Britain will hold talks on Thursday with Iran in Istanbul, the European Union said, as part of efforts to end a 12-year stand-off over Tehran's atomic ambitions. The talks will be at the level of political directors to lay the ground f
Published 29 Jan, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 29 Jan, 2015 12:00am
France, Germany, Britain to meet Iran on nuclear issue

France, Germany, Britain to meet Iran on nuclear issue

France, Germany and Britain will hold talks on Thursday with Iran in Istanbul, the European Union said, as part of efforts to end a 12-year stand-off over Tehran's atomic ambitions. The talks will be at the level of political directors to lay the ground f
Published 29 Jan, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (January 28, 2015).

Published 29 Jan, 2015 12:00am
MQM to observe day of mourning today

MQM to observe day of mourning today

Muttahida Qaumi Movement (MQM) has announced to observe a Day of Mourning on Thursday in protest against the "extrajudicial killing" of a party worker in Karachi. MQM condemned the killing of Sohail Ahmed, a worker belong to the party's Society Sector. Ah
Published 29 Jan, 2015 12:00am
The Weather

The Weather

The weather report on Wednesday (January 28, 2015) and the forecast for Thursday (January 29, 2015).

Published 29 Jan, 2015 12:00am
MQM to observe day of mourning today

MQM to observe day of mourning today

Muttahida Qaumi Movement (MQM) has announced to observe a Day of Mourning on Thursday in protest against the "extrajudicial killing" of a party worker in Karachi. MQM condemned the killing of Sohail Ahmed, a worker belong to the party's Society Sector. Ah
Published 29 Jan, 2015 12:00am
Hezbollah missile attack kills two Israeli soldiers

Hezbollah missile attack kills two Israeli soldiers

A Hezbollah missile attack killed two Israeli soldiers on Wednesday and Israel responded with air and ground strikes on southern Lebanon, where a UN peacekeeper was killed. Amid concerns of further escalation, Israeli officials warned they may take more s
Published 29 Jan, 2015 12:00am
Hezbollah missile attack kills two Israeli soldiers

Hezbollah missile attack kills two Israeli soldiers

A Hezbollah missile attack killed two Israeli soldiers on Wednesday and Israel responded with air and ground strikes on southern Lebanon, where a UN peacekeeper was killed. Amid concerns of further escalation, Israeli officials warned they may take more s
Published 29 Jan, 2015 12:00am
Obama triggers 'Cold War' in region

Obama triggers 'Cold War' in region

How on earth did not one anticipate that the US President Barack Obama's celebratory visit to India would be the onset of a weather likely to trigger another spell of the Cold War in this region? The common perception then - as conveyed to Prime Minister
Published 29 Jan, 2015 12:00am
Breach of trust

Breach of trust

The Earthquake Reconstruction and Rehabilitation Authority (Erra) informed the National Assembly Standing Committee on Kashmir Affairs and Gilgit-Baltistan that the government allocated over 5 billion dollars pledged by the international donors on other p
Published 29 Jan, 2015 12:00am
VIEW POINT: Obama in India

VIEW POINT: Obama in India

When US President Barack Obama arrived in India earlier this week, Prime Minister Narendra Modi was beside himself with excitement while TV talk show hosts in Pakistan, green with envy, complained of being ignored. As if to cock a snook at them, Modi brok
Published 29 Jan, 2015 12:00am
How the states obliterate rules of international trade

How the states obliterate rules of international trade

Under the GATT 1994 treaty, states are under an obligation to implement agreed conventions and agreements in order to provide free and unrestricted environment to promote the growth of international trade.1 For this purpose agreed conventions and agreemen
Published 29 Jan, 2015 12:00am
Taxing the rich

Taxing the rich

Easier said than done; taxing the rich, based on modern history, is perhaps an impossible dream. After all the rich foot the bill for election campaigns all across the globe, and the grateful constituents are hardly going to bite the proverbial hand that
Published 29 Jan, 2015 12:00am
Monetary Policy Statement: some questions

Monetary Policy Statement: some questions

Apropos 'MPS: Executive Summary' carried by Business Recorder on Sunday, the State Bank of Pakistan has stated that "international oil prices decrease, through its expected favourable impact on trade balance, contributed in improving the external s
Published 29 Jan, 2015 12:00am
KE seeks Nepra's permission to cut power tariff

KE seeks Nepra's permission to cut power tariff

K-Electric has sought National Electric Power Regulatory Authority's (Nepra's) permission to reduce power tariff on account of fuel cost adjustment (FCA) for the month of December (2014). In a letter, KE has requested the regulator to grant permission for
Published 29 Jan, 2015 12:00am
Rigging in NA-122: Imran files petition in ET

Rigging in NA-122: Imran files petition in ET

Pakistan Tehreek-e-Insaf Chief Imran Khan here on Wednesday has filed a petition in the Election Tribunal(ET) praying strict action against commission's head Ghulam Hussain Awan for giving statement in media over the alleged matter of rigging in NA-122. I
Published 29 Jan, 2015 12:00am
Suspect involved in killing of Dr Auj, Professor Jafar held

Suspect involved in killing of Dr Auj, Professor Jafar held

Karachi Police on Wednesday claimed to have arrested one of the suspects involved in the killing of two renowned professors - Dr Shakeel Auj and Professor Syed Sibte Jafar. "Some five persons were involved in the killing of Karachi University's Professor
Published 29 Jan, 2015 12:00am
LEAs' atrocities on Mohajirs: MRC demands HR bodies to take notice

LEAs' atrocities on Mohajirs: MRC demands HR bodies to take notice

The Mohajir Rabita Council (MRC) Central Executive Committee (CEC) had expressed grave concern over raids on Mohajir residential colonies, arrest of the innocent Mohajir youth and minting millions from the families of the arrested for their safe release b
Published 29 Jan, 2015 12:00am
Sacrilegious acts: Islamic leadership responsible, says Imran

Sacrilegious acts: Islamic leadership responsible, says Imran

Pakistan Tehrik-e-Insaf (PTI) Chairman Imran Khan on Wednesday blamed Islamic world leaderships for publication of blasphemous caricatures in a French magazine, saying lack of poor leadership is the reason to divide Muslims into island of isolation. Speak
Published 29 Jan, 2015 12:00am
Five alleged terrorists killed in encounter

Five alleged terrorists killed in encounter

The city police on Wednesday claimed to have gunned down five alleged terrorists associated with a banned organisation in encounter here. According to police, they conducted a targeted operation in Nawab Goth of Shah Latif Town on intelligence reports. SS
Published 29 Jan, 2015 12:00am
Tortured body of MQM worker found

Tortured body of MQM worker found

a tortured body of Muttahida Qaumi Movement (MQM) worker was found in Mowach Goth area on Wednesday. The deceased was identified as Sohail Ahmed. According to MQM sources, the deceased was the in-charge of the Society Sector Unit No-64. Sohail was alleged
Published 29 Jan, 2015 12:00am
Rangers arrest foreign spy

Rangers arrest foreign spy

The Rangers on Wednesday claimed to have arrested a foreign spy during a surgical action in Faqeera Goth. According to Rangers spokesman "Laptop, hard drives, and sensitive documents were also recovered from his possession during the course of action."
Published 29 Jan, 2015 12:00am
DICE 2015: UAF to hold launch ceremony today

DICE 2015: UAF to hold launch ceremony today

The launching ceremony of national mega innovation and entrepreneurship event titled "DICE 2015" will be held at the University of Agriculture Faisalabad (UAF) on Thursday (today) at New Senate Hall. The event will be arranged by Dice Foundation and Offic
Published 29 Jan, 2015 12:00am
PRA arranges passing out parade

PRA arranges passing out parade

Pakistan Railways Academy (PRA) arranged passing out parade of 'Inter Regional Training Course' here on Wednesday. General Manager (Operations) Muhammad Javed Anwar was the chief guest on this occasion. The advance course which was two and half months lon
Published 29 Jan, 2015 12:00am
Cut in discount rate lauded

Cut in discount rate lauded

Welcoming the 100 basis points cut in the discount rate by the State Bank of Pakistan (SBP), Progressive Group, a representative platform of traders and businessmen has urged the government to pay attention towards other issues also hindering the growth o
Published 29 Jan, 2015 12:00am
Poultry meat production can be doubled in five years: PPA chairman

Poultry meat production can be doubled in five years: PPA chairman

Pakistan Poultry Industry has the capacity to double the poultry meat production from 1.50 billion broiler birds to three billion in five years that would totally address the animal protein deficiency in Pakistan. This was stated by Dr Mustafa Kamal, Chai
Published 29 Jan, 2015 12:00am
Australian delegation calls on UVAS vice chancellor

Australian delegation calls on UVAS vice chancellor

A delegation from Australia visited the University of Veterinary and Animal Sciences (UVAS) Lahore and called on Vice Chancellor Professor Dr Talat Naseer Pasha at the city campus Lahore here on Wednesday. The delegation comprised Peter Horn and David Swe
Published 29 Jan, 2015 12:00am
Jiangsu Chamber of Commerce team visits PBIT

Jiangsu Chamber of Commerce team visits PBIT

A Chinese delegation comprising Chairman, General Secretary and members of Jiangsu Chamber of Commerce, China visited the office of Punjab Board of Investment and Trade (PBIT). The delegation was welcomed by the Director General Projects, PBIT Ms Lubna Pa
Published 29 Jan, 2015 12:00am
Tevta to sign memo with UVAS, PPA

Tevta to sign memo with UVAS, PPA

Technical And Vocational Training Authority (Tevta) will sign MoU with University of Veterinary and Animal Sciences (UVAS) and Pakistan Poultry Association (PPA) to introduce demand driven short courses. The poultry related short courses will be introduce
Published 29 Jan, 2015 12:00am
Shuja nominated chief of RDA Body

Shuja nominated chief of RDA Body

Punjab Minister for Finance Mujtaba Shuja-ur-Rehman has been nominated Chairman of Governing Body of Rawalpindi Development Authority (RDA), Rawalpindi. Punjab Chief Minister Shahbaz Sharif nominated the minister and in this connection a notification has
Published 29 Jan, 2015 12:00am
FPCCI urges government to take advantage of low oil prices

FPCCI urges government to take advantage of low oil prices

President of Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has urged the government to take the advantage of low oil prices and take benefit of low cost electricity to overcome the electricity shortfall to enable the industries run at ca
Published 29 Jan, 2015 12:00am
GAVI delegate, Health department officials discuss related issues

GAVI delegate, Health department officials discuss related issues

Senior Country Manager of Global Alliance for Vaccine and Immunisation (GAVI) Anne Zeindl Cronin met Advisor to Chief Minister on Health Khawaja Salman Rafiq here on Wednesday and discussed various health related issues. Director General Health Dr Zahid P
Published 29 Jan, 2015 12:00am
PWWB to build labour colonies in Punjab

PWWB to build labour colonies in Punjab

Provincial Minister for Labour and Human Resource Raja Ashfaq Sarwar has said that Punjab Workers Welfare Board (PWWB) would construct labour colonies having state-of-the-art facilities for the industrial workers and labourers across the province. He said
Published 29 Jan, 2015 12:00am
Sartaj greets new Afghan foreign minister

Sartaj greets new Afghan foreign minister

The Adviser to the Prime Minister on National Security and Foreign Affairs, Sartaj Aziz has felicitated Salahuddin Rabbani on his appointment as Afghanistan's new Foreign Minister. The Adviser has wished Rabbani a successful term and expressed the commitm
Published 29 Jan, 2015 12:00am
Hearing appeals in Hyderabad LGs on January 31

Hearing appeals in Hyderabad LGs on January 31

Chairman and Judge, Appellate Tribunal Local Councils Sindh, Syed Aley Maqbool Rizvi is scheduled to hear appeals pertaining to Municipal Corporations, Municipal Committees, Town Committees, District Councils and Union Councils etc (Local Governments) of
Published 29 Jan, 2015 12:00am
Pakistan, Tanzania sign defence cooperation agreement

Pakistan, Tanzania sign defence cooperation agreement

Air Chief Marshal Tahir Rafique Butt, Chief of the Air Staff, Pakistan Air Force signed a Memorandum of Understanding on Defence Co-operation with the Government of Tanzania on behalf of the Government of Pakistan. Signing of this first ever historic MoU
Published 29 Jan, 2015 12:00am
MSF activists protest against sacrilegious caricatures

MSF activists protest against sacrilegious caricatures

To condemn the French Magazine and Jewish lobby for publishing blasphemous caricatures, students' activists of Muslim Students Federation (MSF) and Tanzeem-e-Asatiza Wednesday staged their separate protest demonstration here outside press club.
Published 29 Jan, 2015 12:00am
Rubber rises

Rubber rises

Benchmark Tokyo rubber futures rose to a 2-week high on Wednesday, following a mid-day gain in Shanghai futures, but trade was lacklustre and further gains were capped on profit-taking, dealers said. The TOCOM rubber contract for July delivery finished 1.
Published 29 Jan, 2015 12:00am
POL announces Rs 5.3 billion earnings for first half fiscal year 2015

POL announces Rs 5.3 billion earnings for first half fiscal year 2015

Pakistan Oilfields Limited (POL) announced its earnings for 1HFY15 to stand at Rs 5.3 billion. This showed a decline of 22.6 percent when compared with Rs 29.2 billion the company had earned in corresponding period of last fiscal year. The company's earni
Published 29 Jan, 2015 12:00am
SEF launches ASER Pakistan 2014

SEF launches ASER Pakistan 2014

The Sindh Education Foundation (SEF) in collaboration with Idara-e-Taleem-o-Aagahi (ITA) organized the provincial launch of the "Annual Status of Education Report (ASER) Pakistan - 2014" for the Sindh Province here on Wednesday. Addressing the launching c
Published 29 Jan, 2015 12:00am
Two more children die in Thar

Two more children die in Thar

Famine in Thar claimed two more lives on Wednesday, mounting the death toll to 340 in a span of 119 days. One-month year old Zaheer in Mithi hospital and eight years old Zahida died of dearth while shifting to Hyderabad from Civil Hospital Mithi. Despite
Published 29 Jan, 2015 12:00am
Chairman of FPCCI committee on horticulture appointed

Chairman of FPCCI committee on horticulture appointed

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Mian Muhammad Adrees has appointed Ahmad Jawad as chairman of FPCCI's standing committee on "Horticulture, Agriculture Products and Food Exports" for the year 2015. Harvest Trading
Published 29 Jan, 2015 12:00am
Diplomatic Affairs: Ishtiaq named Chairman of FPCCI body

Diplomatic Affairs: Ishtiaq named Chairman of FPCCI body

President Federation of Pakistan Chamber of Commerce & Industry Mian Muhammad Adrees appointed Ishtiaq Baig as Chairman FPCCI Standing Committee on Diplomatic Affairs for the year 2015. Ishtiaq Baig is a leading industrialist and Vice Chairman of Baig Gro
Published 29 Jan, 2015 12:00am
Man held for refusing his child's vaccination

Man held for refusing his child's vaccination

A man was arrested for refusing to vaccinate his child during ongoing anti-polio campaign in the metropolis. Anti-polio drive continued on second day in eleven sensitive union councils of the mega-city. In the union council of Firdous Colony Number 2, a p
Published 29 Jan, 2015 12:00am
Pharma industry: transparent market-oriented drug pricing policy sought

Pharma industry: transparent market-oriented drug pricing policy sought

Lack of functioning regulatory environment conforming to international standards, which leads to a failure to articulate policy whereby prices are adjusted in a predictable and transparent manner has been the main impediment to the growth of the pharmaceu
Published 29 Jan, 2015 12:00am
PTI shows double standard over military courts: Saad Rafiq

PTI shows double standard over military courts: Saad Rafiq

Federal Minister for Railways Khawja Saad Rafiq on Wednesday said that Pakistan Tehreek-e-Insaf (PTI) has shown double standard on terrorism issue and establishment of military courts in the country as Hamid Khan appeared in the Supreme Court against the
Published 29 Jan, 2015 12:00am
Special chairs prepared for two special students of SU

Special chairs prepared for two special students of SU

On the directives of Vice-Chancellor Professor Dr Abida Taherani, the Director Maintenance Professor Hafeez Abro got two special chairs prepared and handed over the same to the chairpersons of concerned departments in order to facilitate both the special
Published 29 Jan, 2015 12:00am
Honda Atlas Cars Pakistan Limited

Honda Atlas Cars Pakistan Limited

Honda Atlas Cars Pakistan Limited (KSE: HCAR) was incorporated in November 1992 and is a joint venture between the Honda Motor Company Limited Japan and the Atlas Group of Companies in Pakistan. The company's plant was established in Multan in 1993, with
Published 29 Jan, 2015 12:00am
Honda Atlas Cars Pakistan Limited

Honda Atlas Cars Pakistan Limited

Honda Atlas Cars Pakistan Limited (KSE: HCAR) was incorporated in November 1992 and is a joint venture between the Honda Motor Company Limited Japan and the Atlas Group of Companies in Pakistan. The company's plant was established in Multan in 1993, with
Published 29 Jan, 2015 12:00am
Search operation in KP 137 held, huge quantity of arms seized

Search operation in KP 137 held, huge quantity of arms seized

During the ongoing search operation throughout the KP province against criminals and anti-social elements, police have arrested 137 suspects and recovered huge quantity of arms and ammunition. 85 persons were held for illegal use of loudspeaker and police
Published 29 Jan, 2015 12:00am
Temperature drops below freezing point in several parts of country

Temperature drops below freezing point in several parts of country

Light snowfall occurred over the hills of Malakand and Rawalpindi divisions and isolated places in Gilgit-Baltistan, Kashmir and adjoining hilly areas as weather remained very cold and dry in most parts of the country on Wednesday.
Published 29 Jan, 2015 12:00am
Terror bid foiled in Bannu

Terror bid foiled in Bannu

A major terror bid was foiled on Wednesday when bomb disposal squad (BDS) defused a bomb near police checkpoint in Bannu. According to security sources, unknown miscreants had planted a 6 kg bomb near a police checkpoint in Mandan Gate area on Railway Roa
Published 29 Jan, 2015 12:00am
Cotton inches up on speculator short-covering, weaker dollar

Cotton inches up on speculator short-covering, weaker dollar

ICE cotton gained for a second straight session on Tuesday, a day after its sharpest rise in 8-1/2 weeks, as speculators continued covering short positions and the US dollar weakened. The most-active front-month March cotton contract on ICE Futures US gai
Published 29 Jan, 2015 12:00am
Oil drops on record-high US crude stocks as pressure mounts

Oil drops on record-high US crude stocks as pressure mounts

Oil prices fell on Wednesday after the US government reported record-high crude inventories, adding to anxieties about the global glut that has pressured the market since last summer. The US Energy Information Administration (EIA) said domestic crude oil
Published 29 Jan, 2015 12:00am
Copper rises

Copper rises

Copper rose on Wednesday, rebounding further from 5-1/2 year lows as traders took the opportunity to buy at still relatively weak prices ahead of the Federal Reserve's policy statement. Three-month copper on the London Metal Exchange (LME) ended at $5,480
Published 29 Jan, 2015 12:00am
Shanghai copper sags

Shanghai copper sags

The most traded April copper contract on the Shanghai Futures Exchange sagged 1.3 percent to 39,690 yuan ($6,355) a tonne on Wednesday, propped up by a weaker dollar after a drop in US capital goods orders sparked talk the Federal Reserve might push back
Published 29 Jan, 2015 12:00am
Twins who turned on Mexican cartels get 14 years

Twins who turned on Mexican cartels get 14 years

Twin brothers who ran a massive Chicago distribution hub for Mexican drug cartels but then helped the US government convict more than a dozen drug dealers were sentenced to 14 years in prison on Tuesday in federal court. Prosecutors praised Pedro and Marg
Published 29 Jan, 2015 12:00am