News Archives for Print - 2015-03-01

Prices of kitchen items witness mixed trend

Prices of the essential kitchen items have witnessed a mixed trend, according to a survey conducted by Business Recorder on Saturday. The survey indicated that the prices of onions, tomatoes, potatoes, live chicken, eggs, liquefied petroleum gas (L

Published 01 Mar, 2015 12:00am

MCP issues notices to owners of illegal plazas

Municipal Corporation Peshawar (MCP) Saturday directed shopkeepers in Nauthia Bazaar to remove their encroachments within a period of three days while the owners of the illegal plazas were also issued notices.

Published 01 Mar, 2015 12:00am

CORRECTION

Apropos a news item we carried Friday it is clarified that the NBFI and Modaraba sector has posted Rs 2 billion profit for CY2014. Also, new entrants, Sindh Leasing Company and Sindh Modaraba, have added Rs 1.450 billion paid up capital to the sector.

Published 01 Mar, 2015 12:00am

US Consulates in Lahore, Peshawar 'stay open'

United States Embassy in Islamabad Saturday stated that American Consulate Generals in Lahore and Peshawar to "remain open", as the embassy has earlier announced that the consulates are open, but with a limited operational status after the recent terroris

Published 01 Mar, 2015 12:00am

Altaf urges CJP to resolve Senate polls quandary

Voicing concerns over the lingering crisis involving upcoming Senate elections, Muttahida Qaumi Movement (MQM) Quaid Altaf Hussain wrote a letter to Chief Justice of Pakistan urging a befitting role of the Supreme Court to break the current political imbr

Published 01 Mar, 2015 12:00am

KFC donates Rs 10 million to Deaf Reach School

KFC Pakistan under its second 'Mitao Bhook initiative held a press conference at Deaf Reach School recently to hand over a cheque for Rs 10 million, raised by donations from KFC outlets all over Pakistan. KFC in collaboration with Deaf Reach Schools Pakis

Published 01 Mar, 2015 12:00am

Asma Jahangir panel sweeps poll: Masood Chishti elected LHCBA President

Peer Masood Chishti has been elected president of the Lahore High Court Bar Association for year 2015-16 by defeating his rival candidate, Sheikh Shahid Maqbool. Chishti, who was enjoying the support of the Asma Jahangir group, bagged 4,053 votes while hi

Published 01 Mar, 2015 12:00am

Through improved access to social services: NTDC prepares community support programme for development

National Transmission and Despatch Company(NTDC), Pakistan prepared a community support programme to support local development through improved access to social services and infrastructure for communities living in the Corridor of Impact of CASA 1000. Com

Published 01 Mar, 2015 12:00am

Water-logging and salinity: Sindh bans rice cultivation in left bank canals

Sindh government has decided to ban the cultivation of rice in command areas of left bank canals of River Indus. The provincial government would change the relevant laws to toughen punishments that include six-month imprisonment and a penalty ranging from

Published 01 Mar, 2015 12:00am

SSP claims police solve mystery of Areeba murder case

Lahore police on Saturday claimed to have solved the mysterious murder case of Abeera aka Areeba as key suspect Tooba confessed to poisoning her and another man named Yousuf. Areeba, student of the Punjab University, had a passion of becoming a model whic

Published 01 Mar, 2015 12:00am

Anti-encroachment drive: government poised to realise dream of beautiful Peshawar

The anti-encroachment drive launched by the government is poised to add to the beautification of Peshawar city which had become too much congested over the years, as general public and relevant stakeholders appreciated the government for clearing way on a

Published 01 Mar, 2015 12:00am

'Negative media projection of crime damaging image of Karachi'

Chairman of Businessmen Group and former President of the Karachi Chamber of Commerce and Industry, Siraj Kassam Teli has said that the visit of foreign delegates from various countries must have helped in clarifying many delusions about peace and securit

Published 01 Mar, 2015 12:00am

Surge in crimes negates tall claims of ICT police

An alarming surge in cases of robberies, burglaries and motor vehicle thefts, negates the tall claims of Islamabad Capital Territory (ICT) police pertaining to controlling criminal gangs last month. According to data gathered by Business Recorder t

Published 01 Mar, 2015 12:00am

Two brothers died in road mishap

Two real brothers were crushed to death when a tractor trolley hit a motorcycle here on Saturday. Police said that the accident occurred at Battak Road in Basirpura area of Okara where an over speeding tractor trolley rammed into a motorcycle. As a result

Published 01 Mar, 2015 12:00am

LCCI demands reduction in sales tax on POL products

President of Lasbela Chamber of Commerce and Industry (LCCI) Yakoob H Karim has demanded of the government to reduce sales tax to 17 percent from prevailing 27 percent on petroleum products in order to provide relief to consumers. Welcoming the decision o

Published 01 Mar, 2015 12:00am

Singer Sadiq Faqeer dies in car crash

A well known Pakistani folk singer Sadiq Faqeer from the Sindh province has died in a road accident near Makkah. Faqeer's family was with him at the time of the crash. Those injured were admitted to a Jeddah hospital, according to a Pakistani Consulate of

Published 01 Mar, 2015 12:00am

1LINK celebrates 10th anniversary

1LINK Pakistan's largest payment system celebrated its 10th Anniversary recently. 1LINK (Guarantee) Limited, Pakistan's largest payment system by market share, was incorporated in September 2004. The 10th anniversary's ceremony was attended by senior bank

Published 01 Mar, 2015 12:00am

Arrangements made: 2.2 million students to appear in 5th and 8th class exams: minister

Provincial Education Minister Rana Mashhood Ahmed Khan has said that arrangements have been made during 5th and 8th class examinations being held under Punjab Examination Commission. He said that improvement in governmental steps is a continuous process w

Published 01 Mar, 2015 12:00am

Exports will have to be increased to $150 billion by 2025: strategy being devised to improve working of government departments: Ahsan

Federal Minister for Planning, Development and Reform Ahsan Iqbal has said that the country's exports will have to be increased from the present $25 billion to $150 by 2025, if we want to achieve the goal of progress and prosperity in real term. He said t

Published 01 Mar, 2015 12:00am

TDAP measures boost export of surgical instruments: Ashfaq

Chairman Surgical Instruments Manufacturers Association of Pakistan (SIMAP) Tahir Ashfaq has said that export of surgical instruments has been increased considerably in recent past due to effective measures adopted by Trade Development Authority of Pakist

Published 01 Mar, 2015 12:00am

Punjab government to set up LNG power plant near Sheikhupura: Shahbaz

Punjab government has decided to set up LNG power plant near Sheikhupura and more than 1000MW electricity would be generated from this plant. This was stated by Punjab Chief Minister Shahbaz Sharif while addressing a meeting, held here on Saturday to revi

Published 01 Mar, 2015 12:00am

First international AFSA office inaugurated in Lahore

The Director General, Punjab Emergency Service (Rescue 1122) Dr Rizwan Naseer inaugurated the first international office of the Asian Fire Service Association (AFSA) at Emergency Services Academy here on Saturday to enhance capacity of the trainers, revis

Published 01 Mar, 2015 12:00am

PPA seeks one-year exemption from all taxes

Pakistan Poultry Association (PPA-Northern Zone) has urged the government to suspend all local, provincial and federal taxes for one year besides rescheduling of bank loans by the poultry sector enabling it to come out of the prevailing crisis being faced

Published 01 Mar, 2015 12:00am

Export documentation procedures: training programme held at SCCI

A training program on "Export Documentation Procedures" was held at Sialkot Chamber of Commerce and Industry (SCCI). It was jointly organised by Small and Medium Enterprises Development Authority and Sialkot Chamber of Commerce and Industry. SMEs especial

Published 01 Mar, 2015 12:00am

World Bank team visits PU

World Bank's 3rd party evaluation team headed by Dr Nazir Mahmood along with his team has visited Office of Research Innovation and commercialisation (ORIC) Punjab University. During their visit, Dr Nazir interacted with ORIC officials and discussed vario

Published 01 Mar, 2015 12:00am

Council for Agrarian Reforms launched in Punjab

The Agrarian Reforms Council, an independent 'think tank' for proposing recommendations for reviewing land and agrarian policies in Punjab, was launched here on Saturday. The launching ceremony was attended by over 80 participants, including Parliamentari

Published 01 Mar, 2015 12:00am

PICG, ACCA Pakistan hold seminar on integrated reporting

PICG, ACCA Pakistan and the International Integrated Reporting Council (IIRC) collaborated to bring together a seminar on Integrated Reporting. The event was held at a local hotel in Karachi. Executives from organisations, including Shield Corporation Lim

Published 01 Mar, 2015 12:00am

Concerns voiced over increased smuggling of tiles

Growing smuggling of ceramics from Iran and their reduced tariffs on import from China pose a 'serious' threat to the survival of local tile manufacturing sector, industry sources said on Saturday. Talking to Business Recorder, officials of Pakista

Published 01 Mar, 2015 12:00am

'Third political force' can rescue Pakistan: Musharraf

Former President of Pakistan General Pervez Musharraf (Retd) on Saturday said that change in the system is a must if we want to avoid a dangerous future. He said that corruption has become rampant in the society and Pakistan is going through a difficult a

Published 01 Mar, 2015 12:00am

Six more children die in Tharparkar

Six more children died of malnutrition in Tharparkar district on Saturday, bringing the death toll to 40 in the current month. According to sources, the children died at Mithi, Chhachhro, Nagarparkar, Islamkot and other areas of the district. Civil surgeo

Published 01 Mar, 2015 12:00am

First AGM of PAJCCI held

First Annual General Meeting of Pakistan Afghanistan Joint Chamber of Commerce & Industry (PAJCCI) was held today at KCCI. The meeting was attended by members from across the Pakistan and delegation of Afghanistan led by Al-Haj Raheemuddin was also presen

Published 01 Mar, 2015 12:00am

Operation theatre set up at Central Jail

On self-help basis, the Operation Theatre (OT) is established with cost of Rs 1.1 million at Central Jail Hyderabad on Saturday to carry out minor operation of inmates. The ceremony of inauguration was performed by Deputy Inspector General (DIG) Prison De

Published 01 Mar, 2015 12:00am

Controversial circular: LHCBA asks FBR to issue contradiction

Lahore High Court Bar Association (LHCBA) has asked the Federal Board of Revenue (FBR) to issue contradiction of a circular/letter issued against a member of the LHCBA on the subject of non-professional and unethical behaviour of a tax lawyer. It is learn

Published 01 Mar, 2015 12:00am

Terror bid foiled

Police on Saturday foiled a terror bid by recovering and later defusing a bomb in Yakatoot area here. During search operation police found a bomb planted near Nullah. Bomb Disposal Squad (BDS) was called for defusing the bomb. After successfully defusing

Published 01 Mar, 2015 12:00am

Nawaz to visit Saudi Arabia on March 3

Prime Minister Nawaz Sharif along with Chief Minister Punjab Shahbaz Sharif is due to leave to Saudi Arabia on March 3. The newly crowned monarch of Saudi Arabia, King Salman bin Abdulaziz Al Saud has invited Nawaz Sharif to visit the Kingdom. The matters

Published 01 Mar, 2015 12:00am

SSGC contractor workers demand regularisation of services

Sui Southern Gas Company (SSGC) Contractors Workers on Saturday staged a sit-in protest outside the Hyderabad Press Club (HPC) against non-regulation of their services. The protest was held by the SSGC All Contractors Workers Action Committee Regional Off

Published 01 Mar, 2015 12:00am

BISP to become exemplary model in the world: Marvi Memon

Chairperson BISP, Marvi Memon said, "I have made a strong commitment with the Prime Minister Muhammad Nawaz Sharif that I will lead Benazir Income Support Programme (BISP) to become a pride of Pakistan and an exemplary model for the rest of the world to f

Published 01 Mar, 2015 12:00am

Petroleum prices to stay unchanged

It is good to know that finance minister Ishaq Dar has made it clear that petroleum prices will stay unchanged. According to a Business Recorder report, the government has decided to maintain the petroleum prices in March and proposed that an incre

Published 01 Mar, 2015 12:00am

Military operations force Boko Haram back to urban warfare: experts

Bomb attacks in Nigerian towns and cities look likely to increase in the run-up to forthcoming elections, despite the military claiming increasing successes against Boko Haram in captured territory. At least 86 people were killed in explosions blamed on B

Published 01 Mar, 2015 12:00am

Obama struggles with Wall Street to woo Democrats over broker rules

The Obama administration is battling Wall Street to win the support of dozens of Democrat lawmakers over rules that could rein in brokers who handle trillions of dollars in retirement accounts. President Barack Obama on Monday called on the Department of

Published 01 Mar, 2015 12:00am

Audit report on Punjab government accounts

Report of the Auditor General of Pakistan on the Punjab government accounts for audit year 2013-14 make quite interesting, alarming as well as concerning reading to say the least. Besides pointing financial indiscipline and irregularities of the sorts, th

Published 01 Mar, 2015 12:00am

A needless controversy

Whilst the Nawaz League-PTI dispute over the 2013 elections remains unresolved, the federal government has managed to create an unnecessary controversy regarding upcoming elections in Gilgit-Baltistan. Both the PPP and PTI have expressed apprehensions ove

Published 01 Mar, 2015 12:00am

Destructive rivalry must end

While visiting the forward locations along the Working Boundary near Sialkot on Thursday, CoAS General Raheel Sharif delivered a strong warning to India saying "let there be no doubt that any provocation along the Line of Control and the Working Boundary

Published 01 Mar, 2015 12:00am

Pak-India rivalry and Afghanistan

In an interview with The Wall Street Journal former president General Pervez Musharraf made several candid observations about India's role in Afghanistan. He said Kabul must block the Indian influence if it wishes to see peace. The remarks appear to be di

Published 01 Mar, 2015 12:00am

PVMA team heads for Malaysia

Pakistani ghee and cooking oil industry would take up the issue of assessment of duties and taxes by the customs authorities of Federal Board of Revenue (FBR), on FOB price which is higher than actual transacted value on import of palm oil from Malaysia,

Published 01 Mar, 2015 12:00am

PVMA team heads for Malaysia

Pakistani ghee and cooking oil industry would take up the issue of assessment of duties and taxes by the customs authorities of Federal Board of Revenue (FBR), on FOB price which is higher than actual transacted value on import of palm oil from Malaysia,

Published 01 Mar, 2015 12:00am

PVMA team heads for Malaysia

Pakistani ghee and cooking oil industry would take up the issue of assessment of duties and taxes by the customs authorities of Federal Board of Revenue (FBR), on FOB price which is higher than actual transacted value on import of palm oil from Malaysia,

Published 01 Mar, 2015 12:00am

Government urged to pay ST refund immediately

The Chief Executive of TDAP S M Muneer has urged the government to immediately pay sales tax refund to business community which were delayed for last two years. This is a great hurdle in the economic growth of country. "If government pays this refund to a

Published 01 Mar, 2015 12:00am

Government urged to pay ST refund immediately

The Chief Executive of TDAP S M Muneer has urged the government to immediately pay sales tax refund to business community which were delayed for last two years. This is a great hurdle in the economic growth of country. "If government pays this refund to a

Published 01 Mar, 2015 12:00am

Government urged to pay ST refund immediately

The Chief Executive of TDAP S M Muneer has urged the government to immediately pay sales tax refund to business community which were delayed for last two years. This is a great hurdle in the economic growth of country. "If government pays this refund to a

Published 01 Mar, 2015 12:00am

Government urged to pay ST refund immediately

The Chief Executive of TDAP S M Muneer has urged the government to immediately pay sales tax refund to business community which were delayed for last two years. This is a great hurdle in the economic growth of country. "If government pays this refund to a

Published 01 Mar, 2015 12:00am

Government urged to pay ST refund immediately

The Chief Executive of TDAP S M Muneer has urged the government to immediately pay sales tax refund to business community which were delayed for last two years. This is a great hurdle in the economic growth of country. "If government pays this refund to a

Published 01 Mar, 2015 12:00am

G-B Assembly: Maryam to lead body to supervise PML-N election drive

The ruling Pakistan Muslim League-Nawaz (PML-N) has tasked a 16-member committee, headed by Maryam Nawaz, daughter of Prime Minister Nawaz Sharif, to supervise the election drive of the party for Gilgit-Baltistan Assembly. Upon completion of the first ten

Published 01 Mar, 2015 12:00am

G-B Assembly: Maryam to lead body to supervise PML-N election drive

The ruling Pakistan Muslim League-Nawaz (PML-N) has tasked a 16-member committee, headed by Maryam Nawaz, daughter of Prime Minister Nawaz Sharif, to supervise the election drive of the party for Gilgit-Baltistan Assembly. Upon completion of the first ten

Published 01 Mar, 2015 12:00am

Senate elections 2015: PPP, MQM candidates elected unopposed from Sindh

The Election Commission of Pakistan (ECP) on Saturday issued the final list of contesting candidates for the Senate elections scheduled to be held on March 5, 2015. The data released by the ECP states that total 131 candidates are in the run for the Senat

Published 01 Mar, 2015 12:00am

Senate elections 2015: PPP, MQM candidates elected unopposed from Sindh

The Election Commission of Pakistan (ECP) on Saturday issued the final list of contesting candidates for the Senate elections scheduled to be held on March 5, 2015. The data released by the ECP states that total 131 candidates are in the run for the Senat

Published 01 Mar, 2015 12:00am

Iran shrugs off Netanyahu bid to block nuclear deal

Iran on Saturday shrugged off a bid by Israeli Prime Minister Benjamin Netanyahu to abort a nuclear deal between Tehran and world powers by lobbying opposition in a speech to the US Congress. "I believe this effort is fruitless and it should not be an imp

Published 01 Mar, 2015 12:00am

Iran shrugs off Netanyahu bid to block nuclear deal

Iran on Saturday shrugged off a bid by Israeli Prime Minister Benjamin Netanyahu to abort a nuclear deal between Tehran and world powers by lobbying opposition in a speech to the US Congress. "I believe this effort is fruitless and it should not be an imp

Published 01 Mar, 2015 12:00am

Greek Prime Minister vows no retreat in ''battle'' with creditors

Greece''s prime minister vowed Saturday not to back down in his "battle" with the country''s creditors, in line with his election promise to abandon austerity and avoid a third bailout. "The battle will continue," Prime Minister Alexis Tsipras told the ce

Published 01 Mar, 2015 12:00am

Greek Prime Minister vows no retreat in 'battle' with creditors

Greece's prime minister vowed Saturday not to back down in his "battle" with the country's creditors, in line with his election promise to abandon austerity and avoid a third bailout. "The battle will continue," Prime Minister Alexis Tsipras told the cent

Published 01 Mar, 2015 12:00am

Greek Prime Minister vows no retreat in 'battle' with creditors

Greece's prime minister vowed Saturday not to back down in his "battle" with the country's creditors, in line with his election promise to abandon austerity and avoid a third bailout. "The battle will continue," Prime Minister Alexis Tsipras told the cent

Published 01 Mar, 2015 12:00am

Saudi Arabia allows Pakistanis, others to switch job

Saudi Arabia has given permission to employees from Pakistan and other countries to switch their job if their companies violate laws regarding income protection. The permission will be applicable for only those companies which are violating the labour law

Published 01 Mar, 2015 12:00am

Probe into figure fudging: FBR compiling authentic data of refunds for FTO

The Federal Board of Revenue (FBR) is compiling authentic data of pending and issued refunds with regard to income tax and sales tax/federal excise duty (FED) for the period July 1, 2014 to January 31, 2015 for onward transmission to the Federal Tax Ombud

Published 01 Mar, 2015 12:00am

Probe into figure fudging: FBR compiling authentic data of refunds for FTO

The Federal Board of Revenue (FBR) is compiling authentic data of pending and issued refunds with regard to income tax and sales tax/federal excise duty (FED) for the period July 1, 2014 to January 31, 2015 for onward transmission to the Federal Tax Ombud

Published 01 Mar, 2015 12:00am

Probe into figure fudging: FBR compiling authentic data of refunds for FTO

The Federal Board of Revenue (FBR) is compiling authentic data of pending and issued refunds with regard to income tax and sales tax/federal excise duty (FED) for the period July 1, 2014 to January 31, 2015 for onward transmission to the Federal Tax Ombud

Published 01 Mar, 2015 12:00am

China to cut interest rates by 0.25%: central bank

China''s central bank on Saturday announced that it will cut the benchmark deposit and loan interest rates by 25 basis points, as authorities seek to prop up flagging growth in the world''s second-largest economy. The move, which goes into effect Sunday a

Published 01 Mar, 2015 12:00am

China to cut interest rates by 0.25%: central bank

China's central bank on Saturday announced that it will cut the benchmark deposit and loan interest rates by 25 basis points, as authorities seek to prop up flagging growth in the world's second-largest economy. The move, which goes into effect Sunday and

Published 01 Mar, 2015 12:00am

China to cut interest rates by 0.25%: central bank

China's central bank on Saturday announced that it will cut the benchmark deposit and loan interest rates by 25 basis points, as authorities seek to prop up flagging growth in the world's second-largest economy. The move, which goes into effect Sunday and

Published 01 Mar, 2015 12:00am

List of dead Kremlin critics grows

Boris Nemtsov's name was added to the list of Kremlin opponents who have been killed or died in suspicious circumstances in recent years after the slaying of the prominent opposition leader in central Moscow Friday. Here are some of the key people to have

Published 01 Mar, 2015 12:00am

List of dead Kremlin critics grows

Boris Nemtsov's name was added to the list of Kremlin opponents who have been killed or died in suspicious circumstances in recent years after the slaying of the prominent opposition leader in central Moscow Friday. Here are some of the key people to have

Published 01 Mar, 2015 12:00am

Nemtsov urged end to Ukraine conflict hours before killing

Three hours before his death, Boris Nemtsov gave an interview to a Moscow radio station, condemning President Vladimir Putin's actions in Ukraine and calling for an end to the conflict. In a 45-minute live interview on the popular Echo of Moscow station,

Published 01 Mar, 2015 12:00am

Nemtsov urged end to Ukraine conflict hours before killing

Three hours before his death, Boris Nemtsov gave an interview to a Moscow radio station, condemning President Vladimir Putin's actions in Ukraine and calling for an end to the conflict. In a 45-minute live interview on the popular Echo of Moscow station,

Published 01 Mar, 2015 12:00am

Murder 'meticulously planned'

The murder of Russian opposition politician Boris Nemtsov was carefully planned, investigators said Saturday, pointing to details of the weapon used and the killers' knowledge of his movements. "There is no doubt that the crime was meticulously planned, a

Published 01 Mar, 2015 12:00am

Murder 'meticulously planned'

The murder of Russian opposition politician Boris Nemtsov was carefully planned, investigators said Saturday, pointing to details of the weapon used and the killers' knowledge of his movements. "There is no doubt that the crime was meticulously planned, a

Published 01 Mar, 2015 12:00am

Nemtsov shot dead; Putin vows to punish killers

Western leaders on Saturday condemned the drive-by shooting of Russian opposition leader Boris Nemtsov, a fierce critic of President Vladimir Putin, as he was walking across a bridge near the Kremlin. US President Barack Obama decried the "brutal" and "vi

Published 01 Mar, 2015 12:00am

Nemtsov shot dead; Putin vows to punish killers

Western leaders on Saturday condemned the drive-by shooting of Russian opposition leader Boris Nemtsov, a fierce critic of President Vladimir Putin, as he was walking across a bridge near the Kremlin. US President Barack Obama decried the "brutal" and "vi

Published 01 Mar, 2015 12:00am

Asghar Khan's case: Supreme Court to take up review petition on Tuesday

A three-member bench of Justice Jawwad S Khawaja will take up three review petitions filed against the apex court's verdict over retired Air Marshal Ashghar Khan's plea accusing the Inter-Services Intelligence (ISI) of distributing Rs 140 million to manip

Published 01 Mar, 2015 12:00am

Asghar Khan's case: Supreme Court to take up review petition on Tuesday

A three-member bench of Justice Jawwad S Khawaja will take up three review petitions filed against the apex court's verdict over retired Air Marshal Ashghar Khan's plea accusing the Inter-Services Intelligence (ISI) of distributing Rs 140 million to manip

Published 01 Mar, 2015 12:00am

No dramatic results expected from Jaishankar's visit: India

India is not expecting any dramatic results from Foreign Secretary S Jaishankar's visit to Pakistan scheduled to be on Tuesday, Indian senior officials said emphasising that his visit was a "SAARC Yatra and not a Pak Yatra". Jaishankar will be travelling

Published 01 Mar, 2015 12:00am

No dramatic results expected from Jaishankar's visit: India

India is not expecting any dramatic results from Foreign Secretary S Jaishankar's visit to Pakistan scheduled to be on Tuesday, Indian senior officials said emphasising that his visit was a "SAARC Yatra and not a Pak Yatra". Jaishankar will be travelling

Published 01 Mar, 2015 12:00am

Corporate tax rate cut to woo back investors

India announced Saturday a cut in corporate taxes and other initiatives for a more stable and predictable tax regime in a bid to woo foreign investors and spur faster growth in Asia''s third biggest economy. Finance Minister Arun Jaitley unveiled his righ

Published 01 Mar, 2015 12:00am

Corporate tax rate cut to woo back investors

India announced Saturday a cut in corporate taxes and other initiatives for a more stable and predictable tax regime in a bid to woo foreign investors and spur faster growth in Asia's third biggest economy. Finance Minister Arun Jaitley unveiled his right

Published 01 Mar, 2015 12:00am

Corporate tax rate cut to woo back investors

India announced Saturday a cut in corporate taxes and other initiatives for a more stable and predictable tax regime in a bid to woo foreign investors and spur faster growth in Asia's third biggest economy. Finance Minister Arun Jaitley unveiled his right

Published 01 Mar, 2015 12:00am

India pledges infrastructure spending to help economy ''fly''

India''s finance minister pledged major investment in infrastructure on Saturday, saying it was time for the economy to "fly", as he unveiled the new right-wing government''s first full budget. Arun Jaitley said his government had inherited an economy dom

Published 01 Mar, 2015 12:00am

India pledges infrastructure spending to help economy 'fly'

India's finance minister pledged major investment in infrastructure on Saturday, saying it was time for the economy to "fly", as he unveiled the new right-wing government's first full budget. Arun Jaitley said his government had inherited an economy domin

Published 01 Mar, 2015 12:00am

India pledges infrastructure spending to help economy 'fly'

India's finance minister pledged major investment in infrastructure on Saturday, saying it was time for the economy to "fly", as he unveiled the new right-wing government's first full budget. Arun Jaitley said his government had inherited an economy domin

Published 01 Mar, 2015 12:00am

Pakistan Steel: ECC approves Rs 960 million for payment of salaries

The Economic Co-ordination Committee of the Cabinet in its meeting chaired by Finance Minister Ishaq Dar Saturday approved an amount of Rs 960 million for payment of two months'' salaries to workers of Pakistan Steel on an urgent basis. Chairman Pak Steel

Published 01 Mar, 2015 12:00am

Pakistan Steel: ECC approves Rs 960 million for payment of salaries

The Economic Co-ordination Committee of the Cabinet in its meeting chaired by Finance Minister Ishaq Dar Saturday approved an amount of Rs 960 million for payment of two months' salaries to workers of Pakistan Steel on an urgent basis. Chairman Pak Steel

Published 01 Mar, 2015 12:00am

Pakistan Steel: ECC approves Rs 960 million for payment of salaries

The Economic Co-ordination Committee of the Cabinet in its meeting chaired by Finance Minister Ishaq Dar Saturday approved an amount of Rs 960 million for payment of two months' salaries to workers of Pakistan Steel on an urgent basis. Chairman Pak Steel

Published 01 Mar, 2015 12:00am

JUI-F refuses to back 22nd Constitutional Amendment

The ruling party has once again failed in convincing Jamiat Ulema-e-Islam (JUI-F) chief Maulana Fazlur Rehman over the 22nd constitutional amendment. The government committee led by Federal Minister for Information and Broadcasting Pervaiz Rasheed met the

Published 01 Mar, 2015 12:00am

JUI-F refuses to back 22nd Constitutional Amendment

The ruling party has once again failed in convincing Jamiat Ulema-e-Islam (JUI-F) chief Maulana Fazlur Rehman over the 22nd constitutional amendment. The government committee led by Federal Minister for Information and Broadcasting Pervaiz Rasheed met the

Published 01 Mar, 2015 12:00am

Senate elections: absence of agreement leaves PML-N high and dry

The ruling PML-N is the most affected by horse-trading and is struggling to deal with revolt by its South Punjab backbenchers against the party leadership's selection of Senate candidates, it emerged here on Saturday. This was the primary reason for the d

Published 01 Mar, 2015 12:00am

Senate elections: absence of agreement leaves PML-N high and dry

The ruling PML-N is the most affected by horse-trading and is struggling to deal with revolt by its South Punjab backbenchers against the party leadership's selection of Senate candidates, it emerged here on Saturday. This was the primary reason for the d

Published 01 Mar, 2015 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (February 28, 2015).

Published 01 Mar, 2015 12:00am

Yarn Prices

Karachi Yarn Market Rate

Karachi Yarn Market Rates on Saturday (February 28, 2015).

Published 01 Mar, 2015 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (February 28, 2015).

Published 01 Mar, 2015 12:00am

Yarn Prices

Faisalabad yarn and fibre prices

Cotton yarn rates in rupees per 10 Lbs on Saturday (February 28, 2015).

Published 01 Mar, 2015 12:00am

Currency	Rate
USD PKR Interbank Selling / Dec 4	277.97
USD PKR Interbank Buying / Dec 4	277.77
USD to Japanese Yen / Dec 4	150.37
USD to Swiss Franc / Dec 4	0.89
Pound Sterling to USD / Dec 4	1.27
Euro to USD / Dec 4	1.05

Stock	Volume
S&P 500 / Dec 3	6,049.87
Nasdaq / Dec 3	19,480.91
Dow Jones / Dec 3	44,705.53
India Sensex / Dec 4	80,956.33
Tokyo Nikkei / Dec 4	39,276.39
Hang Seng / Dec 4	19,742.46
FTSE 100 / Dec 4	8,328.12
Germany DAX 30 / Dec 4	20,195.75

Item	Value
Karachi Cotton PKR/37.32 KG / Dec 3	17,685
Crude Oil USD/Barrel / Dec 4	70.17
Gold 10 Grams PKR / Dec 4	235,940
Gold Spot USD/Ounce / Dec 4	2,644.45
Cotton US¢/pound / Dec 4	71.11
Petrol/Litre / Dec 5	252.10

Stock	Price
786 Invest Ltd / Dec 5 786 Investments Limited(786)	7.17 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Dec 5 Al-Abbas Sugar Mills Limited(AABS)	639.72 ▼ 0.00 (0.00%)
Agro Allianz / Dec 5 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Dec 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Dec 5 Ali Asghar Textile Mills Limited(AATM)	64.26 ▼ 0.00 (0.00%)
Allied Bank / Dec 5 Allied Bank Limited(ABL)	151.49 ▼ 0.00 (0.00%)
Abbott Lab. / Dec 5 Abbott Laboratories (Pakistan) Limited(ABOT)	1,117.32 ▼ 0.00 (0.00%)
Abson Ind. / Dec 5 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Dec 5 Alfalah Consumer Index ETF.(ACIETF)	13.57 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Dec 5 786 Investments Limited(786)	7.17 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Dec 5 Al-Abbas Sugar Mills Limited(AABS)	639.72 ▲ 0.00 (0.00%)
Agro Allianz / Dec 5 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Dec 5 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Dec 5 Ali Asghar Textile Mills Limited(AATM)	64.26 ▲ 0.00 (0.00%)
Allied Bank / Dec 5 Allied Bank Limited(ABL)	151.49 ▲ 0.00 (0.00%)
Abbott Lab. / Dec 5 Abbott Laboratories (Pakistan) Limited(ABOT)	1,117.32 ▲ 0.00 (0.00%)
Abson Ind. / Dec 5 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Dec 5 Alfalah Consumer Index ETF.(ACIETF)	13.57 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Dec 5 Worldcall Telecom Limited(WTL)	257,531,069 ▲ 0.00
Cnergyico PK / Dec 5 Cnergyico PK Limited(CNERGY)	213,200,271 ▲ 0.00
Pak Int.Bulk / Dec 5 Pakistan International Bulk Terminal(PIBTL)	89,650,764 ▲ 0.00
Pak Elektron / Dec 5 Pak Elektron Limited(PAEL)	75,744,156 ▲ 0.00
Power Cement / Dec 5 Power Cement Limited(POWER)	69,203,491 ▲ 0.00
Pak Refinery / Dec 5 Pakistan Refinery Limited(PRL)	58,983,939 ▲ 0.00
Sui South Gas / Dec 5 Sui Southern Gas Company Limited(SSGC)	37,808,495 ▲ 0.00
Symmetry Group / Dec 5 Symmetry Group Limited(SYM)	34,391,285 ▲ 0.00
TPL Properties / Dec 5 TPL Properties Limited(TPLP)	33,952,255 ▲ 0.00

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