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May 15, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-04-08
Prime Minister says 'no hurry' to decide on joining coalition

Prime Minister says 'no hurry' to decide on joining coalition

Prime Minister Nawaz Sharif has said the Parliament is required to guide the government about a decision to be taken in response to the request of Saudi Arabia, which is seeking fighter jets, ground troops and navy vessels. Speaking on the floor of the Na
Published 08 Apr, 2015 12:00am
Prime Minister says 'no hurry' to decide on joining coalition

Prime Minister says 'no hurry' to decide on joining coalition

Prime Minister Nawaz Sharif has said the Parliament is required to guide the government about a decision to be taken in response to the request of Saudi Arabia, which is seeking fighter jets, ground troops and navy vessels. Speaking on the floor of the Na
Published 08 Apr, 2015 12:00am
Prime Minister says Iran should be involved in debate

Prime Minister says Iran should be involved in debate

Prime Minister Nawaz Sharif called on Tuesday for Iran to get involved in a debate on security in Yemen as parliament resumed a discussion on whether Pakistan should join a Saudi-led campaign against Iran-allied Houti forces. Sharif addressed parliament a
Published 08 Apr, 2015 12:00am
Prime Minister says Iran should be involved in debate

Prime Minister says Iran should be involved in debate

Prime Minister Nawaz Sharif called on Tuesday for Iran to get involved in a debate on security in Yemen as parliament resumed a discussion on whether Pakistan should join a Saudi-led campaign against Iran-allied Houti forces. Sharif addressed parliament a
Published 08 Apr, 2015 12:00am
Rebels kill eight Iran soldiers on Pakistan border

Rebels kill eight Iran soldiers on Pakistan border

Eight Iranian border guards have been killed in a clash with Sunni rebels who had infiltrated from neighbouring Pakistan, Iran's official IRNA news agency reported on Tuesday. "Armed terrorists entered Iran from Pakistan and clashed with border guards, ki
Published 08 Apr, 2015 12:00am
Cairn India takes Indian authorities to court

Cairn India takes Indian authorities to court

Cairn India Ltd, India's largest private-sector oil producer, said on Monday it had moved the Delhi High Court against a $3.3 billion tax demand from Indian authorities related to its listing in 2007. The company, a unit of London-listed Vedanta Resources
Published 08 Apr, 2015 12:00am
Rand weakens

Rand weakens

South Africa's rand eased against a firmer dollar on Tuesday after a correction following the local currency's gains to its strongest level in more than a month in holiday-thinned trade on Monday.
Published 08 Apr, 2015 12:00am
China's yuan edges up

China's yuan edges up

China's yuan edged up against the dollar for the sixth consecutive session on Tuesday after the central bank fixed the midpoint at a near two-month high. The People's Bank of China (PBOC) set the midpoint rate at 6.1305 per dollar - the highest since Febr
Published 08 Apr, 2015 12:00am
Sri Lankan rupee forwards firmer

Sri Lankan rupee forwards firmer

Sri Lankan rupee forwards ended firmer on Tuesday as inflows from strong remittances and exporter dollar sales outpaced thin importer demand for the greenback, dealers said. Actively traded one-week forwards ended firmer at 133.20/25 per dollar, compared
Published 08 Apr, 2015 12:00am
Firm dollar hurts Asia FX

Firm dollar hurts Asia FX

Most emerging Asian currencies slid on Tuesday as the dollar recovered much of its post-payrolls losses. South Korea's won snapped a four-session rising streak on caution over possible intervention by the foreign exchange authorities.
Published 08 Apr, 2015 12:00am
Dollar turns higher in late New York trade

Dollar turns higher in late New York trade

The US dollar spiked higher against the euro on Monday, erasing early losses in what traders and strategists said is a result of thin holiday trading conditions. A dismal US jobs report on Friday had cast a pall over the greenback in the last two trading
Published 08 Apr, 2015 12:00am
Early trade in New York: dollar recovers

Early trade in New York: dollar recovers

The US dollar recovered lost ground on Tuesday as trading desks returned to full strength and underlying trends for its continued rise reappeared, although it remains hemmed in to tight ranges by mixed economic data. A surprising move by the Reserve Bank
Published 08 Apr, 2015 12:00am
Aussie outperforms in European trade

Aussie outperforms in European trade

The Australian dollar gained over 1 percent against the US dollar on Tuesday - heading for its biggest daily rise in more than two weeks - after the Reserve Bank of Australia surprised many investors by refraining from an interest rate cut. The Aussie ros
Published 08 Apr, 2015 12:00am
Dollar stays up in Asian trade

Dollar stays up in Asian trade

The dollar held firm in Asia on Tuesday, having recovered almost all of its payroll-inspired losses while the Australian dollar jumped more than one percent after the Australian central bank refrained from cutting rates. The dollar index stood at 97.040,
Published 08 Apr, 2015 12:00am
Key indicators: Pakistan lags behind other emerging markets: IMF

Key indicators: Pakistan lags behind other emerging markets: IMF

The International Monetary Fund (IMF) has stated that Pakistan still lags behind other emerging market countries in key macroeconomic and business climate indicators. The IMF staff appraisal under the sixth review of the extended arrangement and modificat
Published 08 Apr, 2015 12:00am
SBCA asked to raze 1,100 houses

SBCA asked to raze 1,100 houses

The Sindh High Court (SHC) on Tuesday gave the Sindh Building Control Authority (SBCA) 30 days time to raze around 1,100 illegally built houses in Karachi's Akhtar Colony and Kashmir Colony. The court directed officers of the law- enforcement agencies to
Published 08 Apr, 2015 12:00am
Regional competitors: textile industry losing viability: APTMA chief

Regional competitors: textile industry losing viability: APTMA chief

Chairman APTMA S M Tanveer has said the textile industry has lost its viability against the regional competitors. He said that the latest study by the GHERZI/IBA has revealed that the manufacturing of 20s and 30s single cotton yarn is around 15 percent ch
Published 08 Apr, 2015 12:00am
Indigenization of IMC hailed

Indigenization of IMC hailed

The progress of Indus Motor Company's (IMC) localisation in over 25 years is commendable which can be gauged by the fact that the company is procuring local parts worth over Rs 110 million every working day. 'The first locally produced model was launched
Published 08 Apr, 2015 12:00am
World health day marked at LUMHS

World health day marked at LUMHS

Vice Chancellor LUMHS Professor Noshad A Shaikh has stressed the need for co-ordinated action for the entire food supply chain to avoid the food-borne diseases. He was speaking a seminar organised by the Department of Community Medicine, LUMHS to mark the
Published 08 Apr, 2015 12:00am
Bureaucracy comes under fire in KP Assembly

Bureaucracy comes under fire in KP Assembly

Bureaucracy come under severe criticism in Khyber Pakhtunkhwa Assembly for presenting incomplete details in response to the questions of the legislators and two opposition legislators moved privilege motions against the Departments of Establishment and Sp
Published 08 Apr, 2015 12:00am
KP police round up 649 suspects

KP police round up 649 suspects

Khyber Pakhtunkhwa police have rounded up 649 suspects and recovered huge cache of arms and ammunition in the ongoing search and strike operation conducted under National Action Plan (NAP) throughout the province.
Published 08 Apr, 2015 12:00am
NA-246 by-election: Imran due today to participate in election campaign

NA-246 by-election: Imran due today to participate in election campaign

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan will reach Karachi on Wednesday (today) to participate in the election campaign of party candidate Imran Ismail on NA-246. According to PTI MPA Khurram Shair Zaman, party chairman will reach Karachi on We
Published 08 Apr, 2015 12:00am
Contributions of aquaculture highlighted

Contributions of aquaculture highlighted

The per capita fish consumption in Pakistan is two kg, which is the lowest in the world of any country with a seacoast. The fisheries sector contributes one percent to the country's GDP, provides livelihood to 400,000 fishermen while another 600,000 peopl
Published 08 Apr, 2015 12:00am
PTI warns MQM against creating security issue

PTI warns MQM against creating security issue

Pakistan Tehreek-e-Insaf (PTI) leader Imran Ismail on Tuesday said that MQM would be held responsible for any security issue during Imran Khan's visit to NA-246 constituency on Thursday. Speaking at a press conference, he said that Imran would spend a ful
Published 08 Apr, 2015 12:00am
Iran hands over 54 deportees

Iran hands over 54 deportees

Iranian security forces on Tuesday handed over at least 54 Pakistani nationals to Levies force in Taftan along Pak-Iran border. These Pakistani workers had been arrested in different parts of Iran for their stay in that country without valid travelling do
Published 08 Apr, 2015 12:00am
Altaf says he is eager to return home

Altaf says he is eager to return home

Muttahida Qaumi Movement (MQM) Chief Altaf Hussain on Tuesday reiterated his desire of returning to Pakistan. Addressing MQM workers at Jinnah Ground, Altaf said he was raring to fly back to homeland.
Published 08 Apr, 2015 12:00am
SHC dismisses Ghous' petition against ECP decision

SHC dismisses Ghous' petition against ECP decision

The Sindh High Court (SHC) on Tuesday dismissed a petition against the decision of Election Commission of Pakistan (ECP) that transferred an election petition against victory of Syed Qaim Ali Shah on the provincial assembly seat, PS-29, from the Karachi e
Published 08 Apr, 2015 12:00am
Annual evaluation programme: K-Electric employees' disenchantment grows

Annual evaluation programme: K-Electric employees' disenchantment grows

There is growing disenchantment among employees of K-Electric about their job security as the management is regularly terminating workers under the annual evaluation programme. "We have terminated 74 employees a few days ago. The decision was made after t
Published 08 Apr, 2015 12:00am
Upward trend on grain market

Upward trend on grain market

Rising trend persisted on the wholesale grain market on Tuesday in the process of thin trading, dealers said. On the seeds side, Nawabshah old gained Rs 200 to Rs 2000 and Rs 2050, rapeseeds Dadulan was higher by Rs 100 to Rs 1750 and Rs 1800, Mirpurlain
Published 08 Apr, 2015 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures dipped on Monday, pressured by a lack of buying interest and technical selling. Funds sold part of their May long position, a trader said. May canola lost $3.70 at $458.30 per tonne. July canola fell $3.60 at $458.60 per tonne.
Published 08 Apr, 2015 12:00am
Oil cake market rates

Oil cake market rates

An upward trend was witnessed on the forward cottonseed oilcake market on Tuesday in the process of trading, dealers said. The March vaida closed at Rs 1424.60 on Monday and it commenced with 70 paisa gain at Rs 1425.30 in the morning session, they said.
Published 08 Apr, 2015 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 104,339 tonnes of cargo comprising 68,030 tonnes of import cargo and 36,309 tonnes of export cargo including 3,889 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 68,
Published 08 Apr, 2015 12:00am
Vietnamese coffee traders expect April exports to drop

Vietnamese coffee traders expect April exports to drop

The hoarding of coffee in Vietnam has entered a second month as domestic prices are below the level expected by farmers and speculators, a potential trigger for delays in export shipments, traders said on Tuesday. Hoarding began in the world's top robusta
Published 08 Apr, 2015 12:00am
France sees total soft wheat area rise

France sees total soft wheat area rise

France's farm ministry on Tuesday pegged the total soft wheat area sown ahead of the 2015 crop, including winter and spring crops, at 5.2 million hectares, up 3.4 percent on 2014. In its first estimates for the country's spring crop area, it put total bar
Published 08 Apr, 2015 12:00am
US FOB Gulf wheat premiums flat on sluggish demand

US FOB Gulf wheat premiums flat on sluggish demand

Export premiums for wheat shipped from the US Gulf Coast were flat on Monday in quiet market activity as prices for US shipments struggled to compete with ample supplies of cheaper grain from rival exporters, traders said.
Published 08 Apr, 2015 12:00am
CBOT wheat futures lower on technical selling

CBOT wheat futures lower on technical selling

Wheat futures on the Chicago Board of Trade fell on Monday on technical selling after last week's 1-1/2 month high, coupled with sluggish export demand for US supplies, traders said. Additional pressure stemmed from traders exiting long wheat/short corn s
Published 08 Apr, 2015 12:00am
India's oilmeal sales drop for third year

India's oilmeal sales drop for third year

India's oilmeal exports plunged 44.3 percent to 2.44 million tonnes in 2014/15, falling for a third straight year as high prices of soyameal curbed Southeast Asian demand for the animal feed, a leading trade body said on Tuesday. Soyameal exports by Asia'
Published 08 Apr, 2015 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Monday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 3.786 billion as compared to PKR 2.518 billion reported on Thursday, an increase of 50 percent. The number of lots traded also increased by 17 percent to 28,536 from 24,380. PMEX Commod
Published 08 Apr, 2015 12:00am
Sohaib Maqsood ruled out of Bangladesh tour

Sohaib Maqsood ruled out of Bangladesh tour

Pakistan middle-order batsman Sohaib Maqsood has been ruled out of the limited-overs format of the Bangladesh tour following a recurrence of a fracture in his left hand. Saad Nasim, who is already a part of the T20 team, will replace Maqsood in the ODI sq
Published 08 Apr, 2015 12:00am
SNGPL's Annual Sports 2015 begins

SNGPL's Annual Sports 2015 begins

Managing Director Sui Northern Gas Pipe Lines Limited (SMGPL) M. Arif Hameed has said that the sports are not about to lose or win, its about the participation and presence of all the regions in one ground.
Published 08 Apr, 2015 12:00am
Gasquet out of Monte Carlo Masters

Gasquet out of Monte Carlo Masters

France's world number 28 Richard Gasquet has pulled out of the Monte Carlo Masters because of ongoing back pain, organisers said Monday. Gasquet has been suffering from Maigne's syndrome, a lower back pain that can radiate between the ribs and groin, sinc
Published 08 Apr, 2015 12:00am
Blatter opposes Palestinian bid to bar Israel

Blatter opposes Palestinian bid to bar Israel

FIFA president Sepp Blatter on Tuesday expressed his opposition to a Palestinian bid to bar Israel from international competition, saying such a move would harm football's governing body itself. Blatter is due to meet Palestinian Football Association (PFA
Published 08 Apr, 2015 12:00am
Cook scores first century for England since 2013

Cook scores first century for England since 2013

England captain Alastair Cook scored his first century for his country since an Ashes warm-up game in November 2013 before retiring on 101 not out against a St Kitts Invitational XI on Tuesday.
Published 08 Apr, 2015 12:00am
Japan's Soeda outlasts Hewitt to advance in Houston

Japan's Soeda outlasts Hewitt to advance in Houston

Japan's Go Soeda survived a scare from former world No 1 Lleyton Hewitt and American Sam Querrey barely broke a sweat in advancing at the US Clay Court Championships on Monday. Soeda needed two hours and 36 minutes to post a 4-6, 7-6 (7/3), 6-3 win over H
Published 08 Apr, 2015 12:00am
Takasaki stunner puts brakes on Guangzhou

Takasaki stunner puts brakes on Guangzhou

Substitute Hiroyuki Takasaki scored with the last touch of the game as Kashima Antlers put Guangzhou Evergrande's AFC Champions League title bid on hold with a 2-1 win on Tuesday. Takasaki nodded home a 93rd-minute free-kick to hand the struggling Japanes
Published 08 Apr, 2015 12:00am
Russia cuts number of hotels planned for 2018 World Cup

Russia cuts number of hotels planned for 2018 World Cup

Russia has slashed the number of hotels it wants to build for the 2018 World Cup in a move that should cut costs for investors hit by the country's economic crisis. The sports ministry in Moscow has proposed dropping plans for some 25 hotels nationwide -
Published 08 Apr, 2015 12:00am
Persepolis bring Croat Ivankovic back to Iran

Persepolis bring Croat Ivankovic back to Iran

Tehran soccer giants Persepolis named former national handler Croat Branko Ivankovic as head coach on Tuesday, after firing Hamid Derakshan due to a string of poor results. Runners-up last season, Persepolis currently languish in ninth in the 16-team Iran
Published 08 Apr, 2015 12:00am
Roma punished with partial stadium closure

Roma punished with partial stadium closure

The south stand at Rome's Stadio Olimpico will be closed for Roma's next match there as punishment for a banner displayed by fans against Napoli last weekend. Fans unfurled a banner criticising the mother of a Napoli supporter who was killed in Rome last
Published 08 Apr, 2015 12:00am
Bolt to compete at World Relays

Bolt to compete at World Relays

World and Olympic sprint champion Usain Bolt will compete at the IAAF World Relays in the Bahamas, the Jamaica Athletics Association (JAAA) said on Tuesday. It will be the second edition of the World Relays which pits competitors in five events each for m
Published 08 Apr, 2015 12:00am
Mekhissi ruled out of worlds

Mekhissi ruled out of worlds

France's two-time Olympic steeplechase silver medallist Mahiedine Mekhissi on Tuesday ruled himself out of the World Championships in Beijing in August. The 30-year-old won silver at both the 2008 Beijing and 2012 London Olympic Games and is a three-time
Published 08 Apr, 2015 12:00am
Hafeez hopeful of clearing bowling action test

Hafeez hopeful of clearing bowling action test

All-rounder Muhammad Hafeez says he is hopeful about clearance of his bowling action test which is to be conducted in the Indian city of Chennai on April 9.
Published 08 Apr, 2015 12:00am
Hingis set for Fed Cup return after 17-year absence

Hingis set for Fed Cup return after 17-year absence

Swiss tennis legend Martina Hingis is set to return to Fed Cup duty following a 17-year absence after being called up on Tuesday by captain Heinz Guenthardt. Hingis, 34, will compete in the World Group play-offs against Poland at Zielona Gora on April 18-
Published 08 Apr, 2015 12:00am
Xavi still has important role to play: Luis Enrique

Xavi still has important role to play: Luis Enrique

Barca boss Luis Enrique has insisted that veteran midfielder Xavi Hernandez will have a significant contribution to make towards Barca's push to win the treble in the final few months of the season. The 35-year-old has made just five starts in 21 games si
Published 08 Apr, 2015 12:00am
Palace leave City's title bid in tatters

Palace leave City's title bid in tatters

Manchester City's Premier League title defence is in tatters after a surprise 2-1 defeat at Crystal Palace left the champions nine points adrift of leaders Chelsea on Monday. Manuel Pellegrini's side were rocked as Glenn Murray's first half goal and Jason
Published 08 Apr, 2015 12:00am
FTSE led higher by oil stocks, positive economic data

FTSE led higher by oil stocks, positive economic data

A rally in energy shares helped the UK FTSE 100 hit its biggest one-day gain since January, as stocks caught up with a strong start to the week for oil prices and a rise in Britain's monthly services-sector growth. The FTSE 100 index closed up 1.9 percent
Published 08 Apr, 2015 12:00am
Treasury prices slide

Treasury prices slide

US Treasury debt prices dropped on Monday in thin trading, giving up gains from the previous session after an unexpectedly weak nonfarm payrolls report that might have pushed out the timing of an interest rate increase from the Federal Reserve. Yields on
Published 08 Apr, 2015 12:00am
Treasury prices slide

Treasury prices slide

US Treasury debt prices dropped on Monday in thin trading, giving up gains from the previous session after an unexpectedly weak nonfarm payrolls report that might have pushed out the timing of an interest rate increase from the Federal Reserve. Yields on
Published 08 Apr, 2015 12:00am
European shares rise as FedEx/TNT bid feeds M&A fever

European shares rise as FedEx/TNT bid feeds M&A fever

European shares rose on Tuesday as FedEx's 4.4 billion euro ($4.8 billion) bid for Dutch package delivery firm TNT Express prompted a rally in the shares of other postal companies. TNT stock jumped 28.1 percent, while PostNL - TNT's largest shareholder -
Published 08 Apr, 2015 12:00am
SE Asian stocks extend winning streak

SE Asian stocks extend winning streak

Southeast Asian stock markets rose on Tuesday as expectations of a possible delayed hike in US interest rates bolstered stock market sentiment globally, with the Philippine main index touching a record closing high for a seventh straight trading day.
Published 08 Apr, 2015 12:00am
China stocks advance to fresh seven-year highs

China stocks advance to fresh seven-year highs

China stocks jumped more than 2 percent to fresh seven-year highs on Tuesday ahead of the quarterly earnings season, as investors brushed aside liquidity concerns after the official Xinhua news agency said an acceleration in initial public offerings would
Published 08 Apr, 2015 12:00am
Australian shares pare gains

Australian shares pare gains

Australian shares pared early gains on Tuesday after investors were disappointed by the Reserve Bank of Australia (RBA) keeping its cash rate unchanged at 2.25 percent. Sentiment was still positive, with the the S&P/ASX 200 index closing up 0.46 percent a
Published 08 Apr, 2015 12:00am
India's shares end flat

India's shares end flat

Indian shares ended flat on Tuesday, rebounding from earlier losses on the back of a late rally in metals and mining stocks such as Jindal Steel and Power Ltd that had lagged the index in recent weeks. That late spurt help indexes recover from earlier dis
Published 08 Apr, 2015 12:00am
Sri Lankan bourse edges up

Sri Lankan bourse edges up

Sri Lankan shares ended slightly higher on Tuesday on select buying, in stagnated market as many investors and brokers have stayed away ahead of holidays, dealers said. The index ended 0.14 percent, or 9.74 points, firmer at 6,927.25 on Tuesday.
Published 08 Apr, 2015 12:00am
South African stocks higher

South African stocks higher

South African stocks ended higher on Tuesday, following in the footsteps of major overseas markets, with MTN among the top gainers as the West prepares to lift sanctions against Iran. MTN, which runs the biggest mobile phone business in the Middle Eastern
Published 08 Apr, 2015 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks were higher on Tuesday, tracking overseas markets as investors returned from a long holiday weekend. As of 0150 GMT, the main TAIEX index was up 0.34 percent to 9,633.40, after closing up 0.97 percent on Thursday. Taiwan's financial markets
Published 08 Apr, 2015 12:00am
Gulf markets boosted by stronger oil

Gulf markets boosted by stronger oil

Major Gulf stock markets rose on the back of stronger oil prices on Tuesday, while Egypt began rebounding after a three-week bout of heavy profit-taking. Brent crude jumped nearly 6 percent on Monday to $58.24 a barrel, its highest since March 27, althoug
Published 08 Apr, 2015 12:00am
Tokyo shares gain 1.25 percent

Tokyo shares gain 1.25 percent

Tokyo stocks climbed 1.25 percent Tuesday, boosted by a weaker yen and gains on Wall Street as last week's soft US jobs data tempered expectations for a US interest rate hike. The Nikkei 225 index at the Tokyo Stock Exchange climbed 242.56 points to 19,64
Published 08 Apr, 2015 12:00am
Wall Street rises as rate hike worries ease

Wall Street rises as rate hike worries ease

US stocks rose on Monday as expectations the Federal Reserve could hold off longer on raising US interest rates offset concerns over Friday's surprisingly weak monthly jobs report. The jobs report came in well below expectations, with data showing US empl
Published 08 Apr, 2015 12:00am
Tuesday's early afternoon trade: stocks up on deal news; biotechs jump

Tuesday's early afternoon trade: stocks up on deal news; biotechs jump

US stocks rose on Tuesday, adding to recent gains, after deal news including a bid from FedEx for a Dutch peer suggested companies still see value in the market. Healthcare stocks led the advance on the S&P 500 with biotech shares up after four days of lo
Published 08 Apr, 2015 12:00am
IMF resident representative meets Dar

IMF resident representative meets Dar

Resident Representative IMF for Pakistan, Tokhir Mirzoev met Finance Minister Senator Mohammad Ishaq Dar here on Tuesday. Mirzoev has recently assumed the responsibilities of his office in Pakistan. The Finance Minister welcomed Tokhir Mirzoev to Pakistan
Published 08 Apr, 2015 12:00am
Debt dynamics benefit from low real rates: IMF

Debt dynamics benefit from low real rates: IMF

Pakistan's debt dynamics benefit from low effective real interest rates, the Sixth Review under the extended fund arrangement and modification of performance criteria maintains.
Published 08 Apr, 2015 12:00am
TCKP to hold seminar on Shandur Polo festival

TCKP to hold seminar on Shandur Polo festival

The Tourism Corporation Khyber Pakhtunkhwa (TCKP) is arranging a one-day seminar in connection with the upcoming Shandur Polo Festival in Chitral district. The purpose of the seminar to be held here on April 13 is to have consultations and invite proposal
Published 08 Apr, 2015 12:00am
KP Governor launches rehabilitation strategy for TDPs

KP Governor launches rehabilitation strategy for TDPs

Khyber Pakhtunkhwa Governor Sardar Mahtab Ahmad Khan Tuesday launched first-ever FATA Sustainable Return and Rehabilitation Strategy which aims at ensuring progressive and sustainable return of entire Temporarily Displaced Persons (TDPs).
Published 08 Apr, 2015 12:00am
French violinist Vadim Tchijik performs

French violinist Vadim Tchijik performs

The Embassy of France in Islamabad is pleased to announce that prodigious French violinist Vadim Tchijik is touring Pakistan. Vadim is performing in Karachi on 6 April, Islamabad on 7April and Lahore on 8 April 2015. Born in November 1975, Vadim started t
Published 08 Apr, 2015 12:00am
Circular debt: power sector arrears two percent of GDP till Jan '15: IMF

Circular debt: power sector arrears two percent of GDP till Jan '15: IMF

The International Monetary Fund (IMF), in its Sixth Review has unveiled that stock of circular debt is estimated to be Rs 540 billion, around 2 percent of GDP. According to the report, as of January 2015, arrears in the power sector stood at nearly 2 perc
Published 08 Apr, 2015 12:00am
Circular debt: power sector arrears two percent of GDP till Jan '15: IMF

Circular debt: power sector arrears two percent of GDP till Jan '15: IMF

The International Monetary Fund (IMF), in its Sixth Review has unveiled that stock of circular debt is estimated to be Rs 540 billion, around 2 percent of GDP. According to the report, as of January 2015, arrears in the power sector stood at nearly 2 perc
Published 08 Apr, 2015 12:00am
ICMA holds 8th 'Directors Training Programme'

ICMA holds 8th 'Directors Training Programme'

ICMA Pakistan organised its eighth Directors Training Programme at Islamabad, which was attended by many managing directors, CEOs and top level executives of different organisations. Participants who have attended the programme became "Certified Directors
Published 08 Apr, 2015 12:00am
PIA special flight to take evacuated Pakistanis to Lahore, Islamabad

PIA special flight to take evacuated Pakistanis to Lahore, Islamabad

Pakistan International Airline (PIA) is operating special flight PK-3062 Karachi-Lahore-Islamabad for 150 Pakistanis, who returned from Yemen via a Pakistan Navy ship PNS Aslat on Tuesday. According to details, 182 stranded persons including 146 Pakistani
Published 08 Apr, 2015 12:00am
Oil rallies on US jobs data, bullish EIA monthly report

Oil rallies on US jobs data, bullish EIA monthly report

Oil futures rallied on Tuesday, erasing losses on strong jobs data, US government forecasts for lower domestic crude production growth and higher global demand for oil. US job openings surged to a 14-year high in February the Labor Department's monthly Jo
Published 08 Apr, 2015 12:00am
Naimi says ready to help improve oil prices, but not alone

Naimi says ready to help improve oil prices, but not alone

Saudi Arabia's oil minister Ali al-Naimi said on Tuesday that the kingdom stood ready to "improve" prices but only if other producers outside of OPEC joined the effort. Naimi said Saudi Arabia had pumped around 10.3 million barrels per day (bpd) in March,
Published 08 Apr, 2015 12:00am
Nickel tumbles as funds renew assault; copper up

Nickel tumbles as funds renew assault; copper up

Nickel slid more than 3 percent on Tuesday as bearish investors renewed a selloff of the metal which has been weighed down by oversupply and record inventories. While nickel prices may succumb to another onslaught in the short term, a prolonged downtrend
Published 08 Apr, 2015 12:00am
Shanghai copper climbs

Shanghai copper climbs

The most-traded June copper contract on the Shanghai Futures Exchange climbed 0.4 percent to 43,480 yuan ($7,019) a tonne on Tuesday but buying was capped by persistent concerns over slowing demand growth in China, the world's top metals user. "Copper is
Published 08 Apr, 2015 12:00am
Rubber rises

Rubber rises

Benchmark Tokyo rubber futures ended up 0.8 percent on Tuesday, snapping a two-session decline, on the back of a weaker yen against the dollar and strong overnight gains in oil prices. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre
Published 08 Apr, 2015 12:00am
Technical sales pressures wheat; corn and soya sag

Technical sales pressures wheat; corn and soya sag

US wheat futures fell on Monday on a round of technical selling after posting their biggest weekly gain in 3-1/2 months, traders said. Corn and soyabean futures also were weaker, pressured by robust global supplies and profit taking after posting modest g
Published 08 Apr, 2015 12:00am
Raw sugar turns higher, arabica falls

Raw sugar turns higher, arabica falls

Raw sugar futures on ICE rallied on Tuesday, turning higher on heavy May/July spreading and concern that nearby supplies may be tightening, while the rallying US dollar pushed arabica coffee futures down from a six-week high. New York cocoa fell on pressu
Published 08 Apr, 2015 12:00am
Palm oil falls

Palm oil falls

Malaysian palm oil futures fell on Tuesday, ending a three-day winning streak due to concerns over rising palm supplies and on anticipation of stiffer competition from top producer Indonesia. Traders said Indonesia's plans to impose a levy on its exports
Published 08 Apr, 2015 12:00am
ICE cotton hits six-week high as rally attracts speculator buying

ICE cotton hits six-week high as rally attracts speculator buying

Cotton futures rose to their highest level in six weeks on Tuesday as investor money poured into the commodities complex, with speculators attracted to fiber due to a recent rally and strong technical chart signals. The front-month May cotton contract on
Published 08 Apr, 2015 12:00am
Ogra dysfunctional

Ogra dysfunctional

The Islamabad High Court barred Secretary Cabinet Division from exercising his powers as Acting Chairman of Oil and Gas Regulatory Authority (Ogra) and observed that the Authority had been rendered dysfunctional because of a lack of quorum with two critic
Published 08 Apr, 2015 12:00am
Unwarranted pandemonium?

Unwarranted pandemonium?

The joint session of parliament met Monday morning to discuss and map out a national response to the Saudi request for help in the Yemen crisis - a formidable challenge before the house indeed given its ramifications at home and abroad. But the first thin
Published 08 Apr, 2015 12:00am
Iran back in business

Iran back in business

A good 36 years after the Iranian Revolution of 1979, Iran appears to be all set as a global business player with its nuclear frame agreement made with P5+1 countries on April 5, 2015 after a good two years of back channel diplomacy, secret bi-lateral mee
Published 08 Apr, 2015 12:00am
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