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Nov 23, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-02-04
South African stocks rise

South African stocks rise

South African stocks rose for the third straight session on Tuesday spurred on by investor sentiment that favoured banking and mining shares such as Anglo American Platinum. Oil prices, which were up 2.5 percent at 1525 GMT, also fanned demand for synthet
Published 04 Feb, 2015 12:00am
Southeast Asian markets: Thai index hovers near 20-month high

Southeast Asian markets: Thai index hovers near 20-month high

Thai key index hovered around 20-month high on Tuesday as gains in large-cap energy shares overshadowed weakness in airline stocks amid a rise in oil futures. The benchmark SET index rose 1.25 percent to 1,602.54, the highest close since May 2013. Shares
Published 04 Feb, 2015 12:00am
Britain's FTSE bolstered as BP rises

Britain's FTSE bolstered as BP rises

Britain's top share index rose towards a 4-1/2 month high on Tuesday, boosted by energy stocks as BP's results beat earnings expectations. The bluechip FTSE 100 index ended up 1.3 percent at 6,871.80 points, near its highest level since September 2014. In
Published 04 Feb, 2015 12:00am
Rand stays higher

Rand stays higher

South Africa's rand recorded a second day of gains on Tuesday toward its firmest level in over a week against the dollar, as a surprise policy move by yet another central bank in the developed market increased the appeal of local assets. By 1558 GMT the r
Published 04 Feb, 2015 12:00am
Oil rebound lifts commodity currencies in Asia

Oil rebound lifts commodity currencies in Asia

The Canadian dollar and Norwegian crown held onto solid gains early on Tuesday, having rallied on a further rebound in oil prices which also led other commodity currencies higher as well. With the US dollar sidelined for the moment against the yen and eur
Published 04 Feb, 2015 12:00am
Australian and New Zealand dollar sink in London

Australian and New Zealand dollar sink in London

The Australian and New Zealand dollars sank to multi-year lows on Tuesday after the Reserve Bank of Australia's surprised many in the markets with an early move to cut some of the developed world's highest interest rates. The outlook for both Antipodean c
Published 04 Feb, 2015 12:00am
Early trade in New York: dollar slips versus euro

Early trade in New York: dollar slips versus euro

The dollar skidded to a nearly two-week low against the euro on Tuesday on euro buying following weaker US economic data and easing concerns surrounding Greece's debt load, while the Australian dollar plunged on a central bank rate cut. A spell of weaker
Published 04 Feb, 2015 12:00am
Dollar up against franc in New York

Dollar up against franc in New York

The US dollar hit a more than two-week high against the Swiss franc on Monday on signs that the Swiss National Bank had made efforts to weaken the currency, but lost ground against the euro on disappointing US economic data. The dollar hit 0.9347 Swiss fr
Published 04 Feb, 2015 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 07.00-09.00 percent. (Previous 07.00-09.25 percent).
Published 04 Feb, 2015 12:00am
Risk appetite lifts Asia FX

Risk appetite lifts Asia FX

Emerging Asian currencies rose on Tuesday as risk appetite improved, but gains were capped after Australian's central bank cut interest rates, cementing views of further policy easing around the region. The Indonesian rupiah outperformed as investors soug
Published 04 Feb, 2015 12:00am
Yuan soars

Yuan soars

China's yuan edged up slightly against the dollar on Tuesday after the central bank set a stronger midpoint, but it remained close to its lower daily limit as the market expected it to fall further. Traders said spot yuan trading was thin in the past two
Published 04 Feb, 2015 12:00am
Sterling rises

Sterling rises

Sterling rose against the dollar on Tuesday, bolstered by a stronger-than-expected report on Britain's construction sector, with some investors adding to favourable bets ahead of a survey on the services sector. The monthly construction purchasing manager
Published 04 Feb, 2015 12:00am
Australian and New Zealand dollar tumble

Australian and New Zealand dollar tumble

The Australian and New Zealand dollars sank on Tuesday after the Australia's central bank cut interest rates to record lows, surprising some who had thought it might wait until March before easing. The Australian dollar skidded to $0.7660, having gone as
Published 04 Feb, 2015 12:00am
BBC suffers fresh blow as British Open moves to Sky

BBC suffers fresh blow as British Open moves to Sky

BBC television saw another major sports competition disappear from its roster of live events when it was revealed Tuesday that from 2017 the British Open golf tournament would be broadcast exclusively live by satellite broadcaster Sky on a five-year deal
Published 04 Feb, 2015 12:00am
Aussie star Cahill joins Shanghai Shenhua

Aussie star Cahill joins Shanghai Shenhua

Australia midfielder Tim Cahill joined Shanghai Shenhua on Tuesday shortly after the New York Red Bulls announced he had left the club by mutual consent. The 35-year-old Socceroos star, who scored three goals for Australia during a triumphant run to the A
Published 04 Feb, 2015 12:00am
Premier League clubs in record £950 million spend

Premier League clubs in record £950 million spend

Premier League clubs spent a record £950 million ($1.4 billion, 1.2 billion euros) combined in the 2014/15 pre-season and mid-season transfer windows, according to a report published by financial analysts Deloitte on Tuesday. The report said spending in t
Published 04 Feb, 2015 12:00am
Barca president charged with tax fraud in Neymar case

Barca president charged with tax fraud in Neymar case

A Spanish judge charged the president of FC Barcelona, Josep Maria Bartomeu, on Tuesday with tax fraud linked to the signing of Brazilian star Neymar. Judge Pablo Ruz at the National Court in Madrid ordered Bartomeu in a written ruling to appear before hi
Published 04 Feb, 2015 12:00am
Froch vacates IBF title to give DeGale a shot

Froch vacates IBF title to give DeGale a shot

Britain's Carl Froch announced Tuesday he had vacated his International Boxing Federation super-middleweight title, thereby paving the way for a world title attempt by compatriot James DeGale. DeGale became the mandatory challenger for the IBF belt when h
Published 04 Feb, 2015 12:00am
Ali attacks FIFA's 'culture of intimidation'

Ali attacks FIFA's 'culture of intimidation'

FIFA presidential candidate Prince Ali bin Al Hussein criticised the organisation's "culture of intimidation" and challenged incumbent Sepp Blatter to a public debate as he kick-started his campaign on Tuesday. The Jordanian royal dismissed concerns about
Published 04 Feb, 2015 12:00am
Redknapp quits as QPR boss

Redknapp quits as QPR boss

Harry Redknapp resigned as manager of Premier League strugglers Queens Park Rangers on Tuesday, saying his impending knee surgery would otherwise dent the club's battle to stay in the English top flight. However, his announcement came just a day after QPR
Published 04 Feb, 2015 12:00am
Japan sacks coach amid match-fix claims

Japan sacks coach amid match-fix claims

Japan's football authorities on Tuesday sacked coach Javier Aguirre, amid claims he was involved in match-fixing during a previous tenure in Spain. The move brings to an end the short and tumultuous stint in Japan for the 56-year-old Mexican, who was repo
Published 04 Feb, 2015 12:00am
High-flying Augsburg make Dortmund favourites

High-flying Augsburg make Dortmund favourites

High-flying Augsburg insist hosts Borussia Dortmund are favourites for Wednesday's Bundesliga clash despite their opponents occupying last spot in the Bundesliga table and battling relegation. Jurgen Klopp's Dortmund dropped back to the foot of the table
Published 04 Feb, 2015 12:00am
'Finisher' Faulkner faces injury battle for World Cup

'Finisher' Faulkner faces injury battle for World Cup

Highly-rated 'finisher' James Faulkner faces a race to be fit for the one-day World Cup after Cricket Australia said Tuesday he has an abdominal muscle strain. The all-rounder underwent scans late Monday on his right side after he pulled up in pain during
Published 04 Feb, 2015 12:00am
Relieved Aamer set to play for Karachi team

Relieved Aamer set to play for Karachi team

Pakistan paceman Mohammad Aamer is set to return to domestic cricket next month with a Grade-II team in Karachi, an official said Tuesday, following the relaxation of a fixing ban. The 22-year-old left-armer will play for Omar Associates in the Patron's T
Published 04 Feb, 2015 12:00am
New Zealand record crushing win over Pakistan

New Zealand record crushing win over Pakistan

New Zealand flayed Pakistan's attack on the way to a crushing 119-run win during the second one-day international in Napier on Tuesday. The win means the Black Caps take the series 2-0 and maintain momentum ahead of this month's World Cup, while Pakistan
Published 04 Feb, 2015 12:00am
Ukraine hopes for US arms as death toll mounts in east

Ukraine hopes for US arms as death toll mounts in east

Ukraine will step up efforts to persuade the United States to send weapons, a government source said Tuesday, after Washington signalled it might be ready to arm troops battling a rebel offensive. At least 19 civilians and five government troops were kill
Published 04 Feb, 2015 12:00am
WHO names Ebola response chief

WHO names Ebola response chief

The World Health Organisation said Tuesday it had appointed its assistant director-general Bruce Aylward to head its overall response to the deadly Ebola outbreak. It also said an independent commission was being created to assess WHO's widely criticised
Published 04 Feb, 2015 12:00am
LendingClub, Alibaba ink deal on financing

LendingClub, Alibaba ink deal on financing

US start-up LendingClub, a leader in so-called peer-to-peer lending, announced a partnership Tuesday with China's Alibaba to be a source of credit for purchases at the online retailer. Under terms of the deal, LendingClub will be "the exclusive solution f
Published 04 Feb, 2015 12:00am
New York Times eyes further digital growth as profit sinks

New York Times eyes further digital growth as profit sinks

The New York Times Co. said Tuesday profit in the fourth quarter slumped 47 percent from a year earlier, hit by costs for restructuring and investment in digital operations. The prestigious newspaper publisher reported a net profit for shareholders
Published 04 Feb, 2015 12:00am
New York Times eyes further digital growth as profit sinks

New York Times eyes further digital growth as profit sinks

The New York Times Co. said Tuesday profit in the fourth quarter slumped 47 percent from a year earlier, hit by costs for restructuring and investment in digital operations. The prestigious newspaper publisher reported a net profit for shareholders
Published 04 Feb, 2015 12:00am
Mother of seven accused of treason released from jail amid outcry

Mother of seven accused of treason released from jail amid outcry

A mother of seven accused of treason for telling the Ukrainian embassy about Russian troop movements was to be released from jail Tuesday, her husband said, though the charges against her remain. Svetlana Davydova, who faces between 12 and 20 years in pri
Published 04 Feb, 2015 12:00am
Russia evicts Polish consulate over $1 million unpaid rent

Russia evicts Polish consulate over $1 million unpaid rent

The Polish consulate was ordered on Tuesday to vacate its offices in Russia's second largest city over an unpaid rent bill, which comes as the two nations engage in an increasingly acrimonious tit-for-tat. The regional arbitration court ruled in favour of
Published 04 Feb, 2015 12:00am
Merkel, waiting to see Greek debt proposals, insists on troika role

Merkel, waiting to see Greek debt proposals, insists on troika role

German lawmakers said Chancellor Angela Merkel had told them in closed-door talks on Tuesday that "troika" monitoring of Greece's bailout programme would not be scrapped as the new government in Athens has demanded. Publicly Merkel declined to comment on
Published 04 Feb, 2015 12:00am
Canada Foreign Minister John Baird steps down

Canada Foreign Minister John Baird steps down

Foreign Affairs Minister John Baird, who carved out a more assertive role for Canada on major international issues, announced Tuesday he is stepping down and will not stand in upcoming elections. The surprise departure of one of Prime Minister Stephen Har
Published 04 Feb, 2015 12:00am
UN calls for refugee quota system in Europe

UN calls for refugee quota system in Europe

The top UN official for refugees called on Tuesday for the European Union to consider imposing a quota system to force its nations to more equitably handle a spike in asylum seekers. "We are ready to support political initiatives within Europe, for instan
Published 04 Feb, 2015 12:00am
UN chief calls for South Sudan power-sharing deal

UN chief calls for South Sudan power-sharing deal

UN Secretary General Ban Ki-moon on Tuesday accused South Sudan's leaders of putting their own interests above those of their people after they failed to reach a power-sharing deal. President Salva Kiir and rebel leader Riek Machar signed yet another ceas
Published 04 Feb, 2015 12:00am
Major German investments in Hungary despite rights issues

Major German investments in Hungary despite rights issues

Chancellor Angela Merkel discussed major German investments including involvement in a Russian-built nuclear plant during her visit to Hungary, despite allegations that Prime Minister Viktor Orban has suppressed democracy, local media reported Tuesday. Ac
Published 04 Feb, 2015 12:00am
South Africa inventions aim to stop slum fires, floods

South Africa inventions aim to stop slum fires, floods

South Africans social entrepreneurs have come up with inventions aimed at curbing deadly fires and floods in the country's crowded informal settlements. A turquoise detector no bigger than a pack of cigarettes is among the innovations being showcased at a
Published 04 Feb, 2015 12:00am
US immigration fight jeopardises homeland security funding

US immigration fight jeopardises homeland security funding

The US Senate votes Tuesday on whether to advance a controversial Republican bill that funds homeland security but rolls back President Barack Obama's immigration plan, with Democrats revolting against the measure. In December, lawmakers funded all federa
Published 04 Feb, 2015 12:00am
China to give market bigger role in grains pricing

China to give market bigger role in grains pricing

China wants to give the market a bigger role in setting farm prices and move away from a controversial state stockpiling policy that has led to bulging grain inventories and a surge of cheap imports, a top agricultural official said on Tuesday.
Published 04 Feb, 2015 12:00am
Shanghai copper climbs

Shanghai copper climbs

The most-traded April copper contract on the Shanghai Futures Exchange climbed 2.3 percent to 40,760 yuan ($6,442) a tonne on Tuesday. "Copper has had a pretty good run in light of the China PMI numbers - I thought we would see some weakness throughout th
Published 04 Feb, 2015 12:00am
Copper sees biggest jump since July 2013

Copper sees biggest jump since July 2013

Copper made its biggest one-day gain since July 2013 on Tuesday, moving further away from the 5-1/2 year lows plumbed last week as oil rebounded and on market views that bad news had been priced in for now. Speculators buying back short positions added to
Published 04 Feb, 2015 12:00am
Oil jumps as dollar plunges, up nearly 20 percent in four days

Oil jumps as dollar plunges, up nearly 20 percent in four days

Oil prices rose on Tuesday, headed for the biggest four-day advance since January 2009 as a tumbling dollar sent commodities rallying. Despite signs that US crude supplies had registered another heavy build last week, investors were growing more confident
Published 04 Feb, 2015 12:00am
Rubber rises

Rubber rises

Benchmark Tokyo rubber futures ended 1.2 percent higher on Tuesday after hitting a three-week high as a recent jump in oil prices and fall in Japanese rubber inventories helped improve market sentiment. Tokyo Commodity Exchange (TOCOM) futures, which set
Published 04 Feb, 2015 12:00am
Grain markets sag under pressure from hefty global supplies

Grain markets sag under pressure from hefty global supplies

US wheat futures dropped to a four-month low on Monday while corn and soyabeans hovered near multi-month lows as large crop inventories kept a lid on prices. Traders focused on hefty grain supplies as crop weather improved in South America, with scattered
Published 04 Feb, 2015 12:00am
Sugar surges, Arabica coffee falls to July low

Sugar surges, Arabica coffee falls to July low

Raw sugar futures on ICE jumped more than 3 percent on short-covering on Tuesday, rebounding from the prior session's one-month low as major commodity markets rallied, while arabica coffee fell to the lowest since July on rain in Brazil. Cocoa futures ros
Published 04 Feb, 2015 12:00am
Gold pares losses in New York

Gold pares losses in New York

Gold prices came off their lows on Monday after unexpectedly weaker US economic data spurred some safe-haven buying. Gold fell more than 1 percent earlier as buyers cashed in gains after the metal posted its biggest monthly rise in three years in January.
Published 04 Feb, 2015 12:00am
Gold advances in Asia

Gold advances in Asia

Gold advanced for a second session in three on Tuesday as a wobbly outlook for the global economy burnished bullion's safe-haven appeal, with holdings at the top gold fund at their highest in four months. Weak data from the United States to China and Euro
Published 04 Feb, 2015 12:00am
Gold slips in Europe

Gold slips in Europe

Gold prices surrendered early gains to turn lower on Tuesday as news that the Greek government had dropped calls for a write-off of its foreign debt sharpened risk appetite, sparking a rally in stock markets. The metal benefited in earlier trade from gain
Published 04 Feb, 2015 12:00am
US MIDDAY: soyabeans and wheat up

US MIDDAY: soyabeans and wheat up

US wheat and soyabean futures rose more than 2 percent early Tuesday on a short-covering bounce after a month-long price slide that was stirring fresh export interest, traders said. A broad-based advance in commodity markets led by crude oil also provided
Published 04 Feb, 2015 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold prices fell 1 percent early on Tuesday as news that the Greek government had dropped calls for a write-off of its foreign debt sharpened risk appetite, sparking a rally in stock markets. The metal benefited in earlier trade from gains in other commod
Published 04 Feb, 2015 12:00am
KPCCI concerned over change in Gwadar-Kashgar corridor route

KPCCI concerned over change in Gwadar-Kashgar corridor route

The business community of Khyber Pakhtunkhwa has voiced reservations over diversion of the route of Gwadar-Kashgar economic corridor to Sindh and Punjab, termed the decision of the route change was tantamount to economic-genocide of Khyber Pakhtunkhwa and
Published 04 Feb, 2015 12:00am
KP PAC orders probe into financial irregularities

KP PAC orders probe into financial irregularities

The Public Accounts Committee (PAC), Khyber Pakhtunkhwa has expressed anguish over severe financial irregularities and lack of financial discipline in the Local Government & Rural Development Department and constituted a committee under the chairmanship o
Published 04 Feb, 2015 12:00am
New SECP chief adopts tight policy to discipline bourses

New SECP chief adopts tight policy to discipline bourses

The new Chairman of the Securities and Exchange Commission of Pakistan (SECP), Zafar Hijazi, has taken strict policy measures to discipline the market participants, introduced reforms to strengthen stock market regulations, reconstituted the SECP appellat
Published 04 Feb, 2015 12:00am
Kot Addu Power Company Limited

Kot Addu Power Company Limited

The country's largest independent power producer, Kot Addu Power Company Limited (KSE: Kapco) is chiefly involved in the ownership, operation and maintenance of a 1,600 MW nameplate capacity gas, furnace oil and diesel-fired power station at Kot Addu in t
Published 04 Feb, 2015 12:00am
Kot Addu Power Company Limited

Kot Addu Power Company Limited

The country's largest independent power producer, Kot Addu Power Company Limited (KSE: Kapco) is chiefly involved in the ownership, operation and maintenance of a 1,600 MW nameplate capacity gas, furnace oil and diesel-fired power station at Kot Addu in t
Published 04 Feb, 2015 12:00am
Karachi streets: SHC orders officials to remove illegal barriers

Karachi streets: SHC orders officials to remove illegal barriers

The Sindh High Court (SHC) on Tuesday directed the commissioner of Karachi and law enforcers to remove illegal barriers from the streets of Karachi. A division bench also asked the authorities to submit a report, outlining the areas where barricades were
Published 04 Feb, 2015 12:00am
Pakistan likely to take custody of Uzair on February 7

Pakistan likely to take custody of Uzair on February 7

Officials of the law-enforcement will depart from Karachi to Dubai to take custody of Uzair Baloch, a most wanted criminal on February 7 after the UAE government's green signal to Pakistan, sources confirmed on Tuesday. The following court proceedings, Ba
Published 04 Feb, 2015 12:00am
Suspected criminal killed in 'encounter'

Suspected criminal killed in 'encounter'

Anti Car Lifting Cell (ACLC) of Sindh Police on Tuesday claimed to have killed a notorious criminal during an "encounter" near Aziz Bhatti Park. According to ACLC SSP Irfan Bahadur, a car was signalled to stop during a snap checking near Aziz Bhatti Park,
Published 04 Feb, 2015 12:00am
PSM seeks additional Rs 13 billion

PSM seeks additional Rs 13 billion

Pakistan Steel Mills (PSM) on Tuesday said its production had grown from 1.4 percent in April 2014 to 30 percent or 1.1 million tons in December-2014 with the help of the government's Rs 18.5 billion Financial Restructuring Package. Giving a break-up, PSM
Published 04 Feb, 2015 12:00am
Bomb kills two cops near Karakoram

Bomb kills two cops near Karakoram

At least two security personnel including an additional Station House Officer (SHO) were killed and two policemen injured in a bomb explosion near transport stand on Karakoram Road here on Tuesday. According to Police, the bomb was apparently detonated wi
Published 04 Feb, 2015 12:00am
Experts highlight causes behind low conviction rate

Experts highlight causes behind low conviction rate

The absence of professional autonomy, poor training, lack of access to basic data and inadequate tools to investigate in the Police Department are the main causes of undermining the police investigations resulting in meagre 5 to 10 percent conviction rate
Published 04 Feb, 2015 12:00am
Lucky Cement cleans ocean bed at Charna Island

Lucky Cement cleans ocean bed at Charna Island

Lucky Cement conducted its second annual campaign - a global movement by Project Aware of Australia. Lucky Cement sponsored scuba divers associated with the Professional Association of Diving Instructors (PADI) to clean the ocean bed at Charna Island, a s
Published 04 Feb, 2015 12:00am
Two more terrorists hanged in Karachi

Two more terrorists hanged in Karachi

Two more convicted terrorists affiliated with Lashkar-e-Jhangvi were hanged on Tuesday morning at the central prison in Karachi. Attaullah alias Qasim and Mohammad Azam alias Sharif were sentenced to death for killing Dr Ali Raza Peerani in June 2001 in K
Published 04 Feb, 2015 12:00am
KP Assembly panel expresses dismay over performance of PHE Department

KP Assembly panel expresses dismay over performance of PHE Department

Standing Committee of Khyber Pakhtunkhwa Assembly on Public Health Engineering (PHE) held here with Chairman MPA Gul Sahib Khan Khattak in Shaheed Tahira Qazi Conference Room of the provincial assembly Wednesday. Besides, MPAs Fazal Shakoor, Noor Saleem M
Published 04 Feb, 2015 12:00am
Xi likely to attend Pakistan Day parade

Xi likely to attend Pakistan Day parade

Chinese President Xi Jinping is expected to attend Pakistan Day military parade as a chief guest on March 23, it is learnt. Sources privy to the development told Business Recorder that the Chinese President is likely to embark on a two-day official
Published 04 Feb, 2015 12:00am
Aitzaz demands debate on 2013 poll rigging before Senate elections

Aitzaz demands debate on 2013 poll rigging before Senate elections

Leader of the opposition in the Senate Chaudhry Aitzaz Ahsan on Tuesday demanded to initiate a debate in the upper house before Senate elections, saying the credibility of provincial assemblies have been questionable after political parties alleged widesp
Published 04 Feb, 2015 12:00am
Cricket World Cup: Business activities gaining momentum

Cricket World Cup: Business activities gaining momentum

Business activities are increasing every passing day in this export-oriented city due to forthcoming Cricket World Cup. According to available statistics of International Trade Centre, sports goods amounting to 219 million dollars were exported during 201
Published 04 Feb, 2015 12:00am
Mushahid lauds Maleeha's appointment

Mushahid lauds Maleeha's appointment

Chairman Senate Defence Committee Senator Mushahid Hussain Sayed Tuesday welcomed the appointment of Dr Maleeha Lodhi as Pakistan's Permanent Representative to the United Nations (UN). It was appreciable that talented and experienced professional from out
Published 04 Feb, 2015 12:00am
Prime Minister expresses grief

Prime Minister expresses grief

Prime Minister Muhammad Nawaz Sharif Tuesday expressed his grief and sorrow over the death of Ustad Ghulam Hussain Shaggan. Lauding his services in the field of classical music, the Prime Minister said his death had created a vacuum which would be difficu
Published 04 Feb, 2015 12:00am
Ustad Ghulam Hussain Shaggan passes away

Ustad Ghulam Hussain Shaggan passes away

Renowned classical singer of Gwalior Gharana Ustad Ghulam Hussain Shaggan died in Lahore on Tuesday. Ghulam Hassan Shaggan was born in 1928 in Amritsar and later moved to Pakistan in 1947 and settled in Lahore. He gained recognition and started performing
Published 04 Feb, 2015 12:00am
Supreme Court summons CDA Chairman

Supreme Court summons CDA Chairman

Expressing annoyance over inability of the Capital Development Authority (CDA to take action against encroachers, the Supreme Court on Tuesday summoned civic body Chairman Maroof Afzal in the matter on Wednesday (today). A two-member bench headed by Justi
Published 04 Feb, 2015 12:00am
ST fraud case: RTO Faisalabad recovers Rs 100 million

ST fraud case: RTO Faisalabad recovers Rs 100 million

The Regional Tax Office (RTO) Faisalabad has recovered a huge amount of Rs 100 million in a mega sales tax fraud case and expanded the scope of investigation against the entire supply chain to arrest all those involved in the scam. Sources told Busines
Published 04 Feb, 2015 12:00am
Oil refinery: KP government yet to allocate land to PSO

Oil refinery: KP government yet to allocate land to PSO

A parliamentary panel on Tuesday was informed that establishment of a proposed oil refinery in Khyber-Pakhtunkhwa was delayed, as the provincial government has yet to allocate land to Pakistan State Oil (PSO). The Senate Sub-Committee on Petroleum and Nat
Published 04 Feb, 2015 12:00am
World Cancer Day being observed today

World Cancer Day being observed today

Like other parts of the globe, "World Cancer Day 2015" is being observed here on February 4, with a resolve to continue the fight against cancer by raising awareness through promoting healthy lifestyle, ensuring early detection of disease and achieving tr
Published 04 Feb, 2015 12:00am
DIBPL, Pak Suzuki enter into business alliance

DIBPL, Pak Suzuki enter into business alliance

Dubai Islamic Bank Pakistan (DIBPL) and Pak Suzuki Motor Company (PSMC), the largest automobile manufacturer of Pakistan, have successfully entered into strategic business alliance. DIBPL and PSMC have formally joined hands to extend PSMC cars & financing
Published 04 Feb, 2015 12:00am
Suzuki Motors holds used car gala

Suzuki Motors holds used car gala

Amid the busy crowd of eager customers and car traders, Pak Suzuki Motor Company Limited held another "Used Car Gala" at the Expo Center on 1st February 2015. The management and customer service representatives entertained FAQs regarding Suzuki's Car Exch
Published 04 Feb, 2015 12:00am
Skardu residents: disappearance of two youths creates fear, panic

Skardu residents: disappearance of two youths creates fear, panic

The mysterious disappearance of two youth from Skardu city some two week ago and police failure in their safe recovery as sowed fear and panic among the peace-loving people of the city and region. Habib, 22, son of Ibrahim and Niaz Ali, 22, son of Mohsin,
Published 04 Feb, 2015 12:00am
Warid launches LTE MiFi device

Warid launches LTE MiFi device

Warid Telecom, Pakistan's most trusted cellular operator, announced the launch of the industry's first shared plans with its LTE MiFi. The MiFi device functions as a portable wireless router that can connect up to 10 smartphones, tablets or laptops, where
Published 04 Feb, 2015 12:00am
KLF-2015: Coca-Cola to collect books for TCF

KLF-2015: Coca-Cola to collect books for TCF

Coca-Cola Pakistan will be enhancing its involvement with the Karachi Literature Festival this year, by setting up a Book Bank during KLF-2015 that will collect donations of books by visitors and share complimentary Coke products. Books collected during t
Published 04 Feb, 2015 12:00am
UAF to set up subcampus in Depalpur: vice chancellor

UAF to set up subcampus in Depalpur: vice chancellor

The University of Agriculture Faisalabad (UAF) will set up sub-campus in Depalpur, Okara, which will be completed by 2017. The Punjab Government has provided 77 acres of land to the UAF and allocated Rs 500 million for the project whereas the rest of deve
Published 04 Feb, 2015 12:00am
HBL, NOWPDP sign accord to facilitate people with disabilities

HBL, NOWPDP sign accord to facilitate people with disabilities

Habib Bank Limited recently signed an agreement with Network of Organisations Working with People with Disabilities, Pakistan (NOWPDP). This agreement will enable HBL to integrate people with special needs into the mainstream through capacity building of
Published 04 Feb, 2015 12:00am
Promotion of vocational training vital to end poverty: KP chief minister

Promotion of vocational training vital to end poverty: KP chief minister

Industrialists, experts and government functionaries on Tuesday underlined the importance of technical and vocational education training (TVET), saying the rampant unemployment and poverty in Khyber Pakhtunkhwa can be reduced by equipping the growing youn
Published 04 Feb, 2015 12:00am
Medical students, health professionals: UHS launches innovative project

Medical students, health professionals: UHS launches innovative project

The University of Health Sciences (UHS) has launched a novel project to foster medical professionalism identity in medical students and health professionals. The project, which has been named 'Project Professionalism Punjab', is based on the idea of narra
Published 04 Feb, 2015 12:00am
Nabil Gabol, MQM bury hatchet

Nabil Gabol, MQM bury hatchet

Muttahida Qaumi Movement (MQM) MNA Nabil Gabol on Tuesday said that he had differences with the party which had now been resolved. Gabol said he had sent his resignation as MNA to the MQM Rabitta Committee some time ago but had not left the party. Earlier
Published 04 Feb, 2015 12:00am
Export refinancing rate Industrialists hail 1.5 percent cut

Export refinancing rate Industrialists hail 1.5 percent cut

Industrialists have appreciated the 1.5 percent cut in the export refinancing rate to bring it to 6 percent from 7.5 percent and the mark-up rate on Long Term Financing Facility (LTFF) to 7.5 percent from 9 percent. Leader of business community S. M. Mune
Published 04 Feb, 2015 12:00am
MQM leader kidnapped in Larkana

MQM leader kidnapped in Larkana

Some unknown gunmen kidnapped Mushtaq Abbasi, joint incharge of Muttahida Qaumi Movement's Unit City B, from Waleed Mohalla of Larkana city on Tuesday morning. As per details, Mushtaq Abbasi was present inside his shop when some armed suspects approached
Published 04 Feb, 2015 12:00am
Government urged to put more emphasis on cancer reduction

Government urged to put more emphasis on cancer reduction

The NCD Alliance-Pakistan (NCDA-Pak) and Coalition for Tobacco Control-Pakistan (CTC-Pak) urged the government of Pakistan to put more emphasis on cancer reduction and provide facilitation at national level to all citizens of Pakistan keeping in view the
Published 04 Feb, 2015 12:00am
JSO ambulances Japan provides Rs 10.2 million

JSO ambulances Japan provides Rs 10.2 million

The government of Japan extended a grant of $102,008, approximately Rs 10.2 million, to Jam-e-Shafa Organisation (JSO) for the purchase of ambulances under its Grant Assistance for Grassroots Human Security Projects (GGP) scheme.
Published 04 Feb, 2015 12:00am
Project at Gadani Power Park to be placed in actively-promoted list

Project at Gadani Power Park to be placed in actively-promoted list

The Standing Committee on Planning, Development and Reform met under the Chairmanship of Abdul Majeed Khan Khanan Khail, MNA here on Tuesday. The Committee was briefed that the Prime Minister approved the concept of 6,600MW Pakistan Power Park at Gadani o
Published 04 Feb, 2015 12:00am
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