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Print - 2015-03-22
World Down Syndrome Day observed

World Down Syndrome Day observed

The World Down Syndrome Day 2015 marked on Saturday with a resolve to extend help to people with down syndrome and to create awareness among the people. With focus on "My Opportunities, My Choices - Enjoying Full and Equal Rights and the Role of Families,
Published 22 Mar, 2015 12:00am
Government helps extend BISP outreach: Dar

Government helps extend BISP outreach: Dar

Federal Minister for Finance Ishaq Dar has said that the poor and needy people had the right to be the first beneficiary of the state resources and the government would extend all possible support to the Benazir Income Support Program (BISP) to extend its
Published 22 Mar, 2015 12:00am
FBR seeks 'pro-revenue budget' proposals: circular sent to tax bodies

FBR seeks 'pro-revenue budget' proposals: circular sent to tax bodies

Assuaging the upshot of anticipated revenue shortfall mainly because of oil price decline in current fiscal year, the Federal Board of Revenue (FBR) has adopted a wary approach and appears reticent to espouse friendly budget for next financial year; it is
Published 22 Mar, 2015 12:00am
CJ SHC opens AIC at Circuit Bench Hyderabad

CJ SHC opens AIC at Circuit Bench Hyderabad

Chief Justice Sindh High Court, Justice Faisal Arab inaugurated the Affidavit and Identification Cell (AIC) at SHC Circuit Bench Hyderabad on Saturday. The cell was established to ensure the identification of witness, petitioner and accused through bio-me
Published 22 Mar, 2015 12:00am
Rehman denies links with Ayyan Ali

Rehman denies links with Ayyan Ali

Former Interior Minister Rehman Malik has on Saturday denied any links with the model Ayyan Ali. He also said that he will file defamation suits against those who alleged him of having links with the model, allegedly involved in money-laundering.
Published 22 Mar, 2015 12:00am
Partial strike in interior Sindh on JSQM call

Partial strike in interior Sindh on JSQM call

Partial strike was observed in different cities and towns of interior Sindh on Saturday to protest against the failure of the provincial authorities to arrest the assassins of JSQM leaders Maqsood Qureshi and Salman Wadhu. The Jeay Sindh Quami Mahaz (JSQM
Published 22 Mar, 2015 12:00am
Iran's leader rules out regional co-operation with US

Iran's leader rules out regional co-operation with US

Iran's supreme leader Ayatollah Ali Khamenei on Saturday ruled out any co-operation with the United States in the troubled Middle East, saying talks with Washington are confined to nuclear issues. In a closely watched speech marking the Persian new year f
Published 22 Mar, 2015 12:00am
Iran's leader rules out regional co-operation with US

Iran's leader rules out regional co-operation with US

Iran's supreme leader Ayatollah Ali Khamenei on Saturday ruled out any co-operation with the United States in the troubled Middle East, saying talks with Washington are confined to nuclear issues. In a closely watched speech marking the Persian new year f
Published 22 Mar, 2015 12:00am
Steel items'' import: sales tax collection mechanism may be revised

Steel items'' import: sales tax collection mechanism may be revised

The Federal Board of Revenue (FBR) is examining a proposal to revise sales tax collection mechanism particularly in case of commercial importers dealing in iron & steel re-meltable scrap specifically compressor scrap. Sources told Business Recorder here o
Published 22 Mar, 2015 12:00am
Steel items' import: sales tax collection mechanism may be revised

Steel items' import: sales tax collection mechanism may be revised

The Federal Board of Revenue (FBR) is examining a proposal to revise sales tax collection mechanism particularly in case of commercial importers dealing in iron & steel re-meltable scrap specifically compressor scrap. Sources told Business Recorder here o
Published 22 Mar, 2015 12:00am
Steel items' import: sales tax collection mechanism may be revised

Steel items' import: sales tax collection mechanism may be revised

The Federal Board of Revenue (FBR) is examining a proposal to revise sales tax collection mechanism particularly in case of commercial importers dealing in iron & steel re-meltable scrap specifically compressor scrap. Sources told Business Recorder here o
Published 22 Mar, 2015 12:00am
Thousands in Georgia march call for government to step down

Thousands in Georgia march call for government to step down

Tens of thousands of Georgians joined a protest rally Saturday in the ex-Soviet republic's capital Tbilisi to demand the government's resignation, claimed it has mishandled the battered economy. Protesters packed Tbilisi's central Freedom Square after bei
Published 22 Mar, 2015 12:00am
Thousands in Georgia march call for government to step down

Thousands in Georgia march call for government to step down

Tens of thousands of Georgians joined a protest rally Saturday in the ex-Soviet republic's capital Tbilisi to demand the government's resignation, claimed it has mishandled the battered economy. Protesters packed Tbilisi's central Freedom Square after bei
Published 22 Mar, 2015 12:00am
Cantonment areas: LG polls to be held on non-party basis: ECP

Cantonment areas: LG polls to be held on non-party basis: ECP

The Election Commission of Pakistan (ECP) is reviewing an anomaly that has been created by holding the local government (LG) elections in 43 cantonment boards' areas on non-party basis while in the rest of the country polls would be on the party basis, so
Published 22 Mar, 2015 12:00am
Cantonment areas: LG polls to be held on non-party basis: ECP

Cantonment areas: LG polls to be held on non-party basis: ECP

The Election Commission of Pakistan (ECP) is reviewing an anomaly that has been created by holding the local government (LG) elections in 43 cantonment boards' areas on non-party basis while in the rest of the country polls would be on the party basis, so
Published 22 Mar, 2015 12:00am
Cantonment area: LG elections challenged

Cantonment area: LG elections challenged

Pakistan Tehreek-i-Insaf, Lahore Cantonment President, Awais Younas has challenged the Local Government elections on non-party basis being held in the Cantonment areas. The petitioner told the Lahore High Court that the Election Commission of Pakistan ann
Published 22 Mar, 2015 12:00am
Seven soldiers, 80 militants die in Khyber operation: ISPR

Seven soldiers, 80 militants die in Khyber operation: ISPR

Seven soldiers have embraced the martyrdom and 80 militants have been killed during the ongoing operation in Khyber Agency, the army spokesman said on Saturday. ISPR chief Major-General Asim Bajwa on his official Twitter said that in Khyber terrorists bei
Published 22 Mar, 2015 12:00am
Seven soldiers, 80 militants die in Khyber operation: ISPR

Seven soldiers, 80 militants die in Khyber operation: ISPR

Seven soldiers have embraced the martyrdom and 80 militants have been killed during the ongoing operation in Khyber Agency, the army spokesman said on Saturday. ISPR chief Major-General Asim Bajwa on his official Twitter said that in Khyber terrorists bei
Published 22 Mar, 2015 12:00am
Switzerland, Luxembourg plan to join development bank AIIB

Switzerland, Luxembourg plan to join development bank AIIB

Switzerland and Luxembourg are planning to join the Beijing-backed development bank AIIB, China''s finance ministry said, the latest European nations to sign up to the multilateral lender which has drawn scepticism from the United States.
Published 22 Mar, 2015 12:00am
Switzerland, Luxembourg plan to join development bank AIIB

Switzerland, Luxembourg plan to join development bank AIIB

Switzerland and Luxembourg are planning to join the Beijing-backed development bank AIIB, China's finance ministry said, the latest European nations to sign up to the multilateral lender which has drawn scepticism from the United States.
Published 22 Mar, 2015 12:00am
Switzerland, Luxembourg plan to join development bank AIIB

Switzerland, Luxembourg plan to join development bank AIIB

Switzerland and Luxembourg are planning to join the Beijing-backed development bank AIIB, China's finance ministry said, the latest European nations to sign up to the multilateral lender which has drawn scepticism from the United States.
Published 22 Mar, 2015 12:00am
Three killed, district police chief injured in blast

Three killed, district police chief injured in blast

At least three people were killed and police chief for Chahar Dara district, Ghulam Muhiuddin, and his son were injured in a roadside mine blast in northern Kunduz province, local officials. The incident took place around 11 am Saturday when the vehicle o
Published 22 Mar, 2015 12:00am
Three killed, district police chief injured in blast

Three killed, district police chief injured in blast

At least three people were killed and police chief for Chahar Dara district, Ghulam Muhiuddin, and his son were injured in a roadside mine blast in northern Kunduz province, local officials. The incident took place around 11 am Saturday when the vehicle o
Published 22 Mar, 2015 12:00am
Judicial Commission: Dar briefs political leaders

Judicial Commission: Dar briefs political leaders

Finance Minister Ishad Dar telephoned different political leaders Saturday and briefed them about the agreement that PML-N has reached with PTI over the establishment of a judicial commission to probe alleged vote rigging allegations. The political leader
Published 22 Mar, 2015 12:00am
Judicial Commission: Dar briefs political leaders

Judicial Commission: Dar briefs political leaders

Finance Minister Ishad Dar telephoned different political leaders Saturday and briefed them about the agreement that PML-N has reached with PTI over the establishment of a judicial commission to probe alleged vote rigging allegations. The political leader
Published 22 Mar, 2015 12:00am
HSBC sued by US credit union group over mortgage-backed securities

HSBC sued by US credit union group over mortgage-backed securities

The National Credit Union Administration Board filed suit against HSBC Bank USA, alleging it did not fulfil trustee duties for 37 residential mortgage-backed securities trusts, the group said on Friday. The credit union group filed the suit in federal cou
Published 22 Mar, 2015 12:00am
Peru to pay off $1.29 billion worth of its dollar debt

Peru to pay off $1.29 billion worth of its dollar debt

Peru may set aside $1.29 billion this year to pay off debt held in dollars after issuing about the same amount in sovereign bonds in the local sol currency this week, the government said on Friday. The move would help Peru's bid to boost the amount of deb
Published 22 Mar, 2015 12:00am
Peru to pay off $1.29 billion worth of its dollar debt

Peru to pay off $1.29 billion worth of its dollar debt

Peru may set aside $1.29 billion this year to pay off debt held in dollars after issuing about the same amount in sovereign bonds in the local sol currency this week, the government said on Friday. The move would help Peru's bid to boost the amount of deb
Published 22 Mar, 2015 12:00am
Santander makes non-binding offer for Portugal's Novo Banco

Santander makes non-binding offer for Portugal's Novo Banco

Spain's Santander said it had presented a non-binding offer for Portugal's Novo Banco, the successor to rescued Banco Espirito Santo (BES), in the second phase of a sale process that has attracted 14 other potential bidders. Last August, the government re
Published 22 Mar, 2015 12:00am
Santander makes non-binding offer for Portugal's Novo Banco

Santander makes non-binding offer for Portugal's Novo Banco

Spain's Santander said it had presented a non-binding offer for Portugal's Novo Banco, the successor to rescued Banco Espirito Santo (BES), in the second phase of a sale process that has attracted 14 other potential bidders. Last August, the government re
Published 22 Mar, 2015 12:00am
ASI gunned down in Saeedabad area

ASI gunned down in Saeedabad area

Unknown assailants on Saturday have gunned down an Assistant Sub-Inspector (ASI) of police in Saeedabad area of Baldia Town. According to the detail, unidentified criminals opened fire on an ASI, Ali Ahmed in Saeedabad area. The murderers broke into his h
Published 22 Mar, 2015 12:00am
Ghana seeks bridge financing of up to $1 billion

Ghana seeks bridge financing of up to $1 billion

Ghana will seek bridge finance of between $300 million and $1 billion in the first half of this year to redeem maturing domestic debt, according to a memo to parliament signed by Finance Minister Seth Terkper. The debt finance plan emerged as Moody's down
Published 22 Mar, 2015 12:00am
Indian forces kill two suspected militants in IHK

Indian forces kill two suspected militants in IHK

Government forces in Indian held Kashmir on Saturday killed two suspected militants , a day after two other militants were shot dead in a gun battle with police. Forces "moved in cautiously" on Saturday and killed the two militants after tip offs that the
Published 22 Mar, 2015 12:00am
Austrian finance minister sees lack of trust in Greece

Austrian finance minister sees lack of trust in Greece

Greece must cooperate with international creditors and boost confidence among its euro zone partners about economic reforms, Austrian Finance Minister Hans Joerg Schelling said in a radio interview, adding a lack of trust was a major problem.
Published 22 Mar, 2015 12:00am
China to curb risks from short-term local debt

China to curb risks from short-term local debt

China will take steps to rein in possible risks from short-term local government bonds, including converting such bonds into long-term debt, the country's vice finance minister, Zhu Guangyao, said on Saturday. On March 8, the ministry announced local gove
Published 22 Mar, 2015 12:00am
China to curb risks from short-term local debt

China to curb risks from short-term local debt

China will take steps to rein in possible risks from short-term local government bonds, including converting such bonds into long-term debt, the country's vice finance minister, Zhu Guangyao, said on Saturday. On March 8, the ministry announced local gove
Published 22 Mar, 2015 12:00am
Banks seek loan repayment from Brazil oil rig maker

Banks seek loan repayment from Brazil oil rig maker

Five Brazilian banks are joining British lender Standard Chartered Plc in seeking early repayment of loans to oil rig producer Sete Brasil Participa'es SA, which has been hit by a corruption scandal involving its main client Petrobras, the Estado de S.Pau
Published 22 Mar, 2015 12:00am
Banks seek loan repayment from Brazil oil rig maker

Banks seek loan repayment from Brazil oil rig maker

Five Brazilian banks are joining British lender Standard Chartered Plc in seeking early repayment of loans to oil rig producer Sete Brasil Participa'es SA, which has been hit by a corruption scandal involving its main client Petrobras, the Estado de S.Pau
Published 22 Mar, 2015 12:00am
Afghan President predicts a 'difficult' spring

Afghan President predicts a 'difficult' spring

Afghanistan faces a difficult spring in terms of security as the so-called "fighting season" with the Taliban begins, Afghan President Ashraf Ghani said Saturday. "The winter has been extraordinarily difficult. And barring major breakthroughs in the regio
Published 22 Mar, 2015 12:00am
Afghan President predicts a 'difficult' spring

Afghan President predicts a 'difficult' spring

Afghanistan faces a difficult spring in terms of security as the so-called "fighting season" with the Taliban begins, Afghan President Ashraf Ghani said Saturday. "The winter has been extraordinarily difficult. And barring major breakthroughs in the regio
Published 22 Mar, 2015 12:00am
O/N reverse repo rate slashed

O/N reverse repo rate slashed

The State Bank of Pakistan Saturday announced reduction in overnight reverse repo (ceiling) rate from 8.50 percent to 8.00 percent p.a. The SBP overnight repo facility will be available at 5.50 percent p.a. This will serve as the ''floor'' for the interes
Published 22 Mar, 2015 12:00am
O/N reverse repo rate slashed

O/N reverse repo rate slashed

The State Bank of Pakistan Saturday announced reduction in overnight reverse repo (ceiling) rate from 8.50 percent to 8.00 percent p.a. The SBP overnight repo facility will be available at 5.50 percent p.a. This will serve as the 'floor' for the interest
Published 22 Mar, 2015 12:00am
O/N reverse repo rate slashed

O/N reverse repo rate slashed

The State Bank of Pakistan Saturday announced reduction in overnight reverse repo (ceiling) rate from 8.50 percent to 8.00 percent p.a. The SBP overnight repo facility will be available at 5.50 percent p.a. This will serve as the 'floor' for the interest
Published 22 Mar, 2015 12:00am
LNG deal quite transparent, insists Khaqan

LNG deal quite transparent, insists Khaqan

Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said the LNG agreement with Qatar is being negotiated in a transparent manner and PPRA rules have been fully implemented.
Published 22 Mar, 2015 12:00am
LNG deal quite transparent, insists Khaqan

LNG deal quite transparent, insists Khaqan

Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said the LNG agreement with Qatar is being negotiated in a transparent manner and PPRA rules have been fully implemented.
Published 22 Mar, 2015 12:00am
LNG deal quite transparent, insists Khaqan

LNG deal quite transparent, insists Khaqan

Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said the LNG agreement with Qatar is being negotiated in a transparent manner and PPRA rules have been fully implemented.
Published 22 Mar, 2015 12:00am
The Weather

The Weather

The weather report on Saturday (March 21, 2015) and the forecast for Sunday (March 22, 2015).

Published 22 Mar, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (March 21, 2015).

Published 22 Mar, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (March 21, 2015).

Published 22 Mar, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (March 21, 2015).

Published 22 Mar, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (March 21, 2015)

Published 22 Mar, 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 Saturday (March 21, 2015).

Published 22 Mar, 2015 12:00am
Grain market rates

Grain market rates

Karachi grain market rates in rupees on Saturday (March 21, 2015).

Published 22 Mar, 2015 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (March 21, 2015).

Published 22 Mar, 2015 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 21, 2015).

Published 22 Mar, 2015 12:00am
World Shipping Schedule

World Shipping Schedule

Karachi Port's world-wide shipping schedule beginning Saturday (March 21, 2015).

Published 22 Mar, 2015 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

The rupee firmly held the overnight level against the dollar on the money market on Saturday in the process of trading, dealers said.
Published 22 Mar, 2015 12:00am
THE RUPEE: steadier trend

THE RUPEE: steadier trend

The rupee firmly held the overnight level against the dollar on the money market on Saturday in the process of trading, dealers said.
Published 22 Mar, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (March 21, 2015).

Published 22 Mar, 2015 12:00am
Pak Oasis, turning mirages into reality

Pak Oasis, turning mirages into reality

The importance of water cannot be challenged in any way. Without water life comes to a standstill. Water is key for human survival, we may live weeks without food but we can only survive days without water. A drop of clean water is precious, precious for
Published 22 Mar, 2015 12:00am
A day to celebrate, a day to change, a day to prepare

A day to celebrate, a day to change, a day to prepare

World Water Day is marked on 22 March every year. It's a day to celebrate water. It's a day to make a difference for the members of the global population who suffer from water related issues. It's a day to prepare for how we manage water in the future.
Published 22 Mar, 2015 12:00am
UN awareness campaign on fresh water

UN awareness campaign on fresh water

UN-Water co-ordinates the United Nations awareness campaigns on freshwater and sanitation. Campaigns are led by one or more Member(s) on behalf of UN-Water with the support of other Members, Partners, Programmes and relevant stakeholders.
Published 22 Mar, 2015 12:00am
Water and Sustainable Development

Water and Sustainable Development

World Water Day is held annually on 22 March as a means of focusing attention on the importance of freshwater and advocating for the sustainable management of freshwater resources. An international day to celebrate freshwater was recommended at the 1992 U
Published 22 Mar, 2015 12:00am
48 held for re-establishing encroachments

48 held for re-establishing encroachments

District administration arrested 48 persons for re-establishing encroachments in Board Bazaar and sealed 12 illegally constructed shops. On the directives of Deputy Commissioner (DC) Peshawar, Riaz Khan Mehsud, Additional Assistant Commissioners (AACs) Me
Published 22 Mar, 2015 12:00am
Pakistan takes part in Asia Parliamentary Assembly moot

Pakistan takes part in Asia Parliamentary Assembly moot

Senator Muhammad Yousaf Baloch and Member National Assembly Bilal Ahmed Virk represented Pakistan in the Asia Parliamentary Assembly's (APA) Standing Committee Meeting on Political Affairs held from 19-20 March 2015 at Ankara, Turkey.
Published 22 Mar, 2015 12:00am
Deposit of seized gold: Pakistan Mint critical of customs oversight

Deposit of seized gold: Pakistan Mint critical of customs oversight

Pakistan Mint Lahore (PML) has expressed serious concern over scanty security oversight by customs officials of different Model Customs Collectorates (MCCs), transferring huge quantities of gold worth millions to the PML, as in two cases gold worth over R
Published 22 Mar, 2015 12:00am
JD holds Pakistan Ideology Conference today

JD holds Pakistan Ideology Conference today

The Jamaat-ud-Dawah (JD) is going to hold the grand Pakistan Ideology Conference in Lahore on Sunday at the University Ground, Chahburji to promote the unity among the people of Pakistan. The JD had invited all political and religious parties of Pakistan
Published 22 Mar, 2015 12:00am
PEF de-caps upper ceiling of 482 private schools

PEF de-caps upper ceiling of 482 private schools

The Punjab Education Foundation (PEF) has de-capped the upper ceiling of 482 private schools partnering under the 'foundation assisted school' programme. The de-capped schools fall in the categories of A+, A, B+ and B. These schools are situated in differ
Published 22 Mar, 2015 12:00am
Five passengers offloaded

Five passengers offloaded

FIA Immigration staff here at Allama Iqbal International Airport offloaded five passengers due to violation of immigration laws. As per details, two Singapore nationals namely Geeta Rani and Khalil Ahmad Jalal were held by FIA for expired Pakistani visa w
Published 22 Mar, 2015 12:00am
Two-day training on disaster risk reduction held

Two-day training on disaster risk reduction held

Pakistan is among top ten countries on climate change risk index, hence it is imperative that Pakistan need to invest more to tackle challenges of climate change effectively. This was stated by Shabnam Baloch Provincial Manager Oxfam at opening session of
Published 22 Mar, 2015 12:00am
'US cannot succeed in region without Pakistan Navy's support'

'US cannot succeed in region without Pakistan Navy's support'

The Commander of US Naval Forces Central Command has acknowledged the contribution of Pakistan Navy for ensuring maritime peace in the region and said the United States cannot succeed without support of Pakistan Navy.
Published 22 Mar, 2015 12:00am
No change in prices of kitchen items witnessed

No change in prices of kitchen items witnessed

Prices of most of the essential kitchen items witnessed no change last week as compared to the preceding week, reveals a survey conducted by Business Recorder here on Saturday.
Published 22 Mar, 2015 12:00am
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