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Print - 2015-02-03
India, Philippine get edge: equities outdo regional competitors

India, Philippine get edge: equities outdo regional competitors

January, the first month of CY15, saw Pakistani equities outpacing their regional competitors with a heavy margin. According to an InvestCap report, during the month in review stocks outperformed the MSCI frontier market index by 9.9 percent with 5.8 perc
Published 03 Feb, 2015 12:00am
India, Philippine get edge: equities outdo regional competitors

India, Philippine get edge: equities outdo regional competitors

January, the first month of CY15, saw Pakistani equities outpacing their regional competitors with a heavy margin. According to an InvestCap report, during the month in review stocks outperformed the MSCI frontier market index by 9.9 percent with 5.8 perc
Published 03 Feb, 2015 12:00am
MCC establishes Rs 33.94 million tax evasion by paint company

MCC establishes Rs 33.94 million tax evasion by paint company

Model Customs Collectorate (MCC), Appraisement (East), has established tax evasion of Rs 33.94 million by one of the leading paint companies and its clearing agent, it was learnt on Monday. According to sources, the said paint company imported 34 consignm
Published 03 Feb, 2015 12:00am
Emergency in Sindh no solution to current situation: Sharjeel Memon

Emergency in Sindh no solution to current situation: Sharjeel Memon

Sindh Minister for Information Sharjeel Memon here on Monday said that imposition of emergency in the province can be no solution to the current situation as the entire nation is united against terrorists. While talking to media prior to commencement of p
Published 03 Feb, 2015 12:00am
Mughal Steel set to convert into public limited/listed company

Mughal Steel set to convert into public limited/listed company

Mughal Iron and Steel Industries Limited received the accolade in the rank of Corporate Social Responsibility (CSR) functions by the National Forum for Environment and Health (NFEH) at the Corporate Social Responsibility Awards 2015.
Published 03 Feb, 2015 12:00am
'Women Entrepreneurs Trade Expo' from tomorrow

'Women Entrepreneurs Trade Expo' from tomorrow

Trade Development Authority Pakistan (TDAP) and Women Chamber of Commerce and Industry (WCCI) Peshawar will jointly hold a two-day "Women Entrepreneurs Trade Fair for 2015" from Wednesday (tomorrow), in Peshawar. "The main purpose of this exhibition is to
Published 03 Feb, 2015 12:00am
KP IGP awards police check post incharge

KP IGP awards police check post incharge

The Inspector General of Police (IGP) Khyber Pakhtunkhwa Nasir Khan Durrani Monday awarded Umeed Abad Police Check Post Incharge on arresting robber's gang within two hours and recovering looted booty from them in a ceremony held at CPO. According to deta
Published 03 Feb, 2015 12:00am
Governor assents to the Sindh Condominium Act 2014

Governor assents to the Sindh Condominium Act 2014

Sindh Governor Dr Ishrat-ul-Ebad Khan has assented to the Sindh Condominium Act, 2014. According to a notification issued here on Monday, the Act shall be enforced with immediate effect and shall extend to the whole of the province of Sindh except to the
Published 03 Feb, 2015 12:00am
Governor assents to the Sindh Condominium Act 2014

Governor assents to the Sindh Condominium Act 2014

Sindh Governor Dr Ishrat-ul-Ebad Khan has assented to the Sindh Condominium Act, 2014. According to a notification issued here on Monday, the Act shall be enforced with immediate effect and shall extend to the whole of the province of Sindh except to the
Published 03 Feb, 2015 12:00am
Diesel-run vehicles: KP transporters cut fares by 6 percent

Diesel-run vehicles: KP transporters cut fares by 6 percent

The transporters' community of Khyber Pakhtunkhwa has agreed on six percent cut in the fares of diesel-run commuters' vehicle of all international provincial and intra-provincial routes in the province. The decision was taken in a meeting convened by Prov
Published 03 Feb, 2015 12:00am
KP Governor discusses Fata reforms with Parliamentarians

KP Governor discusses Fata reforms with Parliamentarians

Khyber Pakhtunkhwa Governor Sardar Mahtab Ahmad Khan had a consultative session with all members of National Assembly and Senators from Federal Administered Tribal Areas to discuss FATA reforms in the context of current situation prevailing in the region
Published 03 Feb, 2015 12:00am
Illegal award of contracts: TOR Mardan held for alleged involvement

Illegal award of contracts: TOR Mardan held for alleged involvement

National Accountability Bureau (NAB) Khyber Pakhtunkhwa arrested accused Abdul Wahid, Tehsil Officer Regulation (TOR) Mardan for alleged involvement in illegal award of contracts for collection of two percent immovable property tax below the reserved pric
Published 03 Feb, 2015 12:00am
Government asked to lift ban on new gas connections

Government asked to lift ban on new gas connections

FPCCI President Mian Muhammad Adrees has expressed concern over the moratorium on new gas connections to multi-storey buildings. He was speaking at a meeting with a delegation of ABAD, who visited the FPCCI Head Office, here on Monday.
Published 03 Feb, 2015 12:00am
PTCL's Triple~E Programme for second batch concludes

PTCL's Triple~E Programme for second batch concludes

Pakistan Telecommunication Company Limited's (PTCL) landmark project of developing youths through its Triple~E Programme continued for the third consecutive year. Second batch of the programme concluded successfully where over 400 graduates from all acros
Published 03 Feb, 2015 12:00am
Kashif Mateen elected ICMA Pakistan President

Kashif Mateen elected ICMA Pakistan President

The National Council of Institute of Cost and Management Accountants of Pakistan (ICMAP) in its 325th meeting held on Monday elected Kashif Mateen Ansari, FCMA, as President of ICMA Pakistan for the tenure 2015-2017. Presently Kashif Mateen Ansari is work
Published 03 Feb, 2015 12:00am
Monetary easing helps KSE gain 2,313 points in January

Monetary easing helps KSE gain 2,313 points in January

The Consumer Price Index (CPI) inflation nose-dived to, what economic observers say, an 11-year low during January 2015, paving the way for further monetary easing by the State Bank of Pakistan (SBP) in the months ahead. Also, a consistent ease in otherwi
Published 03 Feb, 2015 12:00am
51 spinning mills facilitated: gang of tax cheats busted

51 spinning mills facilitated: gang of tax cheats busted

The Directorate of Intelligence & Investigation-Inland Revenue, Faisalabad has busted an organized gang of tax fraudsters in textile sector involved in facilitating 51 spinning mills to avoid sales tax payment on supply of textile products in violation of
Published 03 Feb, 2015 12:00am
Thar affectees: POF to set up two relief camps in Wah Cantt

Thar affectees: POF to set up two relief camps in Wah Cantt

Keeping in view the miserable condition of Thar affectees, Chairman POF Board Lieutenant General Muhammad Ahsan Mahmood HI (M) directed to set up two relief camps in Wah Cantt for collection of donations for these affectees, says a press release issued he
Published 03 Feb, 2015 12:00am
Appointment of pharmaceutical company owner as CEO DRAP flayed

Appointment of pharmaceutical company owner as CEO DRAP flayed

Chairman, Standing Committee of Senate on Commerce, Senator Haji Ghulam Ali on Monday said that despite opposition by the local pharma industry an owner of a multinational company has been appointed as Chief Executive Officer (CEO) of the Drug Regulatory
Published 03 Feb, 2015 12:00am
LTC notifies reduction in fares of wagons, buses

LTC notifies reduction in fares of wagons, buses

Lahore Transport Company after reduction in prices of petroleum products has issued a notification of decrease in fares of wagons, minibuses and Non AC buses.
Published 03 Feb, 2015 12:00am
National Internal Security Policy: opposition senators slam government

National Internal Security Policy: opposition senators slam government

The opposition senators in Senate on Monday regretted that the government neither moved an inch ahead over implementation on National Internal Security Policy (NISP) nor it presented it in parliament to have a debate. The government announced NISP in Marc
Published 03 Feb, 2015 12:00am
IESCO shutdown notice

IESCO shutdown notice

According to IESCO Spokesman, due to electricity maintenance/development work, Power supply of the following Feeders would remain suspended as under: On 3,5,7 and 9 February 09:00am to 01:00pm, Dhurnakka feeder, on 5 and 15 February 10:00am to 04:00pm, Mo
Published 03 Feb, 2015 12:00am
Second International Deans and Directors Conference from February 10

Second International Deans and Directors Conference from February 10

The National Business Education Accreditation Council (NBEAC) is organising the second two-day International Deans and Directors Conference entitled "Building Bridges and Fostering Collaborations in Business Education" in collaboration with the Higher Edu
Published 03 Feb, 2015 12:00am
Drone strikes: IGP Islamabad summoned

Drone strikes: IGP Islamabad summoned

The Islamabad High Court (IHC) on Monday summoned Inspector General Islamabad Police (IG) on February 9 for not registering First Information Report (FIR) against Central Intelligence Agency's (CIA) former station chief Jonathan Banks over the deaths of c
Published 03 Feb, 2015 12:00am
FPCCI chief lauds role of Faisalabad business leaders

FPCCI chief lauds role of Faisalabad business leaders

Mian Muhammad Adrees, President of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), has said that elections of the FPCCI have paved way to reorganise the business community at national level and hoped that business leaders from Faisalab
Published 03 Feb, 2015 12:00am
Doctors observe strike

Doctors observe strike

Doctors observed a strike across the country on Monday to protest against killings and kidnapping of doctors in Balochistan and Sindh. Leader of Pakistan Medical Association (PMA) Rao Shahid said the strike was observed in all government and private hospi
Published 03 Feb, 2015 12:00am
World Bank Country Director meets Punjab chief minister

World Bank Country Director meets Punjab chief minister

Country Director of the World Bank in Pakistan Rachid Benmessaoud called on Punjab Chief Minister Shahbaz Sharif here Monday. Ongoing projects in various sectors including energy with the co-operation of World Bank were discussed in the meeting. Speaking
Published 03 Feb, 2015 12:00am
Railways sell-off: no proposal under consideration: Saad

Railways sell-off: no proposal under consideration: Saad

Pakistan Railways Minister Khawaja Saad Rafique has said that no proposal of privatisation of railways is under consideration and process of bringing the organisation out of loss is in progress. Revolutionary changes are being brought in the cargo sector
Published 03 Feb, 2015 12:00am
'Quality education can eradicate terrorism, unemployment'

'Quality education can eradicate terrorism, unemployment'

Provincial Minister for Excise & Taxation and Finance Mujtaba Shujaur Rehman has said that terrorism and unemployment can be eradicated through promotion of quality education. While addressing the delegation of youth, he said that 274 billion rupees will
Published 03 Feb, 2015 12:00am
Kissan Conference held: government urged to frame pro-agri policies soon

Kissan Conference held: government urged to frame pro-agri policies soon

Different farmers' bodies at Kissan Conference organized by the Pakistan Mutthida Kissan Mahaz (PMKM) here on Monday have urged the government to frame pro-agriculture policies immediately. The farmers' leaders also urged government to start construction
Published 03 Feb, 2015 12:00am
Hindko Naatia Mushaira held at PPC

Hindko Naatia Mushaira held at PPC

The Gandhara Hindko Board and Peshawar Press Club (PPC) joined hands to arrange a Hindko Naatia Mushaira. Syed Anwar Shah Qadri presided over the event. Noted Hindko poet, writer and research scholar Muhammad Ziauddin Siddiqui and Sikanadar Hayat Sikanada
Published 03 Feb, 2015 12:00am
FNF launches 'Kidney Dialysis Lounge'

FNF launches 'Kidney Dialysis Lounge'

With a view to raising awareness regarding risk factors and helping kidney patients to take care of themselves FRESH Nursing Facility (FNF) has launched its Kidney Dialysis Lounge. This lounge is an innovative and creative idea, as FNF facilities include
Published 03 Feb, 2015 12:00am
Measles campaign to run in Punjab till February 9

Measles campaign to run in Punjab till February 9

The Punjab government has launched 15-day special campaign on measles successfully, which would continue till February 9. The district administration was monitoring the vaccination campaign and teams are submitting their reports of performance on daily ba
Published 03 Feb, 2015 12:00am
Wi-tribe announces to donate five percent of customer's bill to SKMH

Wi-tribe announces to donate five percent of customer's bill to SKMH

Wi-tribe - one of the leading internet service provider in Pakistan has announced that with the assistance from their customers they will be making a sizeable donation (five percent of customer's bill) to Shoukat Khanam Memorial Hospital. It is estimated
Published 03 Feb, 2015 12:00am
Wi-tribe announces to donate five percent of customer's bill to SKMH

Wi-tribe announces to donate five percent of customer's bill to SKMH

Wi-tribe - one of the leading internet service provider in Pakistan has announced that with the assistance from their customers they will be making a sizeable donation (five percent of customer's bill) to Shoukat Khanam Memorial Hospital. It is estimated
Published 03 Feb, 2015 12:00am
Doctors slam targeted killings, boycott OPDs

Doctors slam targeted killings, boycott OPDs

The city's doctor community on Monday boycotted out-patient departments (OPDs) in all major public sector and private hospitals to protest against the rising incidents of targeted killings of doctors and extortion of money from them. The protest call was
Published 03 Feb, 2015 12:00am
Six employees of private firm kidnapped in Pasni

Six employees of private firm kidnapped in Pasni

Unknown armed abducted six employees of a private company in Pasni area of Gwadar on Monday. Levies Force said that armed men riding vehicle attacked the camp of a private company in Shadi Core Dam project area and kidnapped six of its employees on gunpoi
Published 03 Feb, 2015 12:00am
Babar laments appointment of non-cadre officers

Babar laments appointment of non-cadre officers

Senator Farhatullah Babar on Monday said that appointment of non-cadre officers against cadre posts has given birth to resentment in the entire cadre especially in civil bureaucracy that needs to be given an end. Speaking on a motion on civil service refo
Published 03 Feb, 2015 12:00am
Azizabadi made in-charge of MQM Rabita Committee

Azizabadi made in-charge of MQM Rabita Committee

Muttahida Qaumi Movement on Monday appointed Mustafa Azizabadi as in-charge of its Co-ordination Committee. The decision was taken in a joint meeting MQM Co-ordination Committees of London and Karachi. In a statement issued here, it said that the Committe
Published 03 Feb, 2015 12:00am
Profit rates of National Savings cut

Profit rates of National Savings cut

The Central Directorate of National Savings has revised profit rates for different savings schemes from February 1, 2015. In this regard, Central Directorate of National Savings has updated profit rates on its website.
Published 03 Feb, 2015 12:00am
Profit rates of National Savings cut

Profit rates of National Savings cut

The Central Directorate of National Savings has revised profit rates for different savings schemes from February 1, 2015. In this regard, Central Directorate of National Savings has updated profit rates on its website.
Published 03 Feb, 2015 12:00am
Minister says no shortage of petrol in Punjab

Minister says no shortage of petrol in Punjab

Punjab Minister for Food Bilal Yasin has said that petrol was available in abundance and there was no shortage of it anywhere in Punjab. Addressing a meeting here on Monday, he said the new transport fares will be implemented strictly.
Published 03 Feb, 2015 12:00am
Chinese team visits UMT

Chinese team visits UMT

A delegation from China visited the University of Management and Technology Lahore here on Friday. The delegation included Miss Jiang Li (Secretary General of Jiangsu Chamber and president of Huawen College, Quingdao), Alex pan (Chairman Association off a
Published 03 Feb, 2015 12:00am
Bilour announces reward

Bilour announces reward

Haji Ghulam Ahmed Bilour of Awami National Party (ANP) on Monday announced a $200,000 reward for the person who will assassinate the owner of French magazine Charlie Hebdo for publishing blasphemous caricatures. He made this announcement while speaking on
Published 03 Feb, 2015 12:00am
A 'muted' rejoinder

A 'muted' rejoinder

The Ministry of Finance has issued a lacklustre rejoinder (January 28) to my article entitled "Economic Woes" (January 21). The rejoinder simply narrated the government side of the economic story which are well-known to the readers. From the government's
Published 03 Feb, 2015 12:00am
Declaring exports a national priority

Declaring exports a national priority

Quoting well-placed official sources, a Business Recorder news item claimed yesterday that the federal government has reportedly decided to declare exports as a 'national priority' and harmonise all policies to take country's exports to $50 billion
Published 03 Feb, 2015 12:00am
Nato sees resilience as key issue in AWACS replacement

Nato sees resilience as key issue in AWACS replacement

Resilience, innovation and advances in technology will be key factors as Nato maps out a multibillion-dollar effort to replace its aging fleet of 17 Boeing Co E-3 Sentry Airborne Warning and Control System (AWACS) aircraft, a top Nato official told Reuter
Published 03 Feb, 2015 12:00am
Greece shakes Europe's political kaleidoscope - expect the unexpected

Greece shakes Europe's political kaleidoscope - expect the unexpected

By catapulting to power an improbable alliance of the hard left and nationalist far right, Greece has shaken up Europe's political kaleidoscope and may have signalled the end of an era of centrist consensus. With eight general elections due in the Europea
Published 03 Feb, 2015 12:00am
Mark-up spreads

Mark-up spreads

Last week, the Governor State Bank of Pakistan (SBP) addressed the presidents and senior executives of commercial banks and DFIs on a variety of policy, administrative, and operational issues that require greater focus of the banks. Such reminders are nec
Published 03 Feb, 2015 12:00am
IS may awaken Japan from pacifist slumber

IS may awaken Japan from pacifist slumber

If Japan's military policy in its present form was good enough to address the challenges of the 21st century the arguments for and against were almost balanced - until this week. Under the constitution, written by the United States some 60 years back, the
Published 03 Feb, 2015 12:00am
Export boost needs a helping hand

Export boost needs a helping hand

According to a Business Recorder exclusive, the federal government has decided to declare exports a national priority with the Federal Commerce Minister Khurram Dastgir highlighting the structural issues facing the country's exporters in a presenta
Published 03 Feb, 2015 12:00am
The Weather

The Weather

The weather report on Monday (February 03, 2015) and the forecast for Tuesday (February 03, 2015).

Published 03 Feb, 2015 12:00am
MoPNR releases data: higher demand of petroleum, HSD witnessed

MoPNR releases data: higher demand of petroleum, HSD witnessed

With major reduction in petroleum products prices, the sale of petrol on February 1, 2015, has reached 33,000 tons against normal sale of 12,500 tons; whereas that of High Speed Diesel (HSD) has touched 46,000 tons from 20,000 tons, data released by the M
Published 03 Feb, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (February 03, 2015).

Published 03 Feb, 2015 12:00am
Violence against women: Pakistan calls for ending impunity

Violence against women: Pakistan calls for ending impunity

At the United Nations, Pakistan has underscored the need for ending impunity for perpetrators involved in violence against women during conflicts. Pakistan's permanent envoy Masood Khan took part in a debate on protection of civilians in armed conflicts a
Published 03 Feb, 2015 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 03 Feb, 2015 12:00am
UN peacekeeping operations team meets Sartaj

UN peacekeeping operations team meets Sartaj

Jose Ramos-Horta, Chair of the UN High Level Independent Panel on Peace Operations, met the Adviser to the Prime Minister on National Security and Foreign Affairs, Sartaj Aziz, here on Monday. Horta, accompanied by two other members of the Panel, Ameerah
Published 03 Feb, 2015 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 03 Feb, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (February 03, 2015).

Published 03 Feb, 2015 12:00am
Setting up of Counter Terrorism Force lauded

Setting up of Counter Terrorism Force lauded

Prime Minister Nawaz Sharif has congratulated Punjab Chief Minister Shahbaz Sharif as well as political and administrative team of the province on the setting up of Counter Terrorism Force. According to an official here on Monday, he said the Punjab gover
Published 03 Feb, 2015 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Monday (February 03, 2015) and for Tuesday (February 03, 2015).
Published 03 Feb, 2015 12:00am
Calls for louder global 'voice' as China, India, Russia meet

Calls for louder global 'voice' as China, India, Russia meet

Chinese President Xi Jinping on Monday hailed his country's relations with India and Russia during meetings that heard calls for developing economies to have more say on the global stage, rivalling US influence. The twin visits by New Delhi's foreign mini
Published 03 Feb, 2015 12:00am
Calls for louder global 'voice' as China, India, Russia meet

Calls for louder global 'voice' as China, India, Russia meet

Chinese President Xi Jinping on Monday hailed his country's relations with India and Russia during meetings that heard calls for developing economies to have more say on the global stage, rivalling US influence. The twin visits by New Delhi's foreign mini
Published 03 Feb, 2015 12:00am
CPI inflation up 3.88 percent YoY

CPI inflation up 3.88 percent YoY

The Consumer Price Index (CPI) inflation increased by 3.88 percent during January 2015 over January 2014, which is the lowest percentage of inflation recorded after the revision of base year in 2007-2008, Pakistan Bureau of Statistics (PBS) revealed. PBS
Published 03 Feb, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (February 03, 2015)

Published 03 Feb, 2015 12:00am
CPI inflation up 3.88 percent YoY

CPI inflation up 3.88 percent YoY

The Consumer Price Index (CPI) inflation increased by 3.88 percent during January 2015 over January 2014, which is the lowest percentage of inflation recorded after the revision of base year in 2007-2008, Pakistan Bureau of Statistics (PBS) revealed. PBS
Published 03 Feb, 2015 12:00am
CPI inflation up 3.88 percent YoY

CPI inflation up 3.88 percent YoY

The Consumer Price Index (CPI) inflation increased by 3.88 percent during January 2015 over January 2014, which is the lowest percentage of inflation recorded after the revision of base year in 2007-2008, Pakistan Bureau of Statistics (PBS) revealed. PBS
Published 03 Feb, 2015 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (February 03, 2015).

Published 03 Feb, 2015 12:00am
Joint military parade on March 23

Joint military parade on March 23

A joint military parade of Pakistan's armed forces will take place on Pakistan Day, 23rd March, after a gap of seven years. "The decision has been made to hold a joint military services parade on March 23," a top military source told a private TV channel
Published 03 Feb, 2015 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Monday (February 03, 2015).

Published 03 Feb, 2015 12:00am
Joint military parade on March 23

Joint military parade on March 23

A joint military parade of Pakistan's armed forces will take place on Pakistan Day, 23rd March, after a gap of seven years. "The decision has been made to hold a joint military services parade on March 23," a top military source told a private TV channel
Published 03 Feb, 2015 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (February 03, 2015).

Published 03 Feb, 2015 12:00am