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Dec 05, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-04-18
ECP takes notice of SHOs' transfer in NA-246 Karachi

ECP takes notice of SHOs' transfer in NA-246 Karachi

The Election Commission of Pakistan (ECP) on Friday took notice of Station House Officers' (SHOs) transfer in NA-246 constituency and asked Inspector General (IG) Sindh Police and Interior secretary to explain their positions.
Published 18 Apr, 2015 12:00am
Transparency critical to good governance

Transparency critical to good governance

How ironic it is that a huge energy-acquisition effort or plan has turned into a nasty controversy. According to media reports, the historic LNG deal between Qatar and Pakistan has turned into a scam mainly because of a lack of transparency in the contrac
Published 18 Apr, 2015 12:00am
Apple Watch to boost 'glance journalism'

Apple Watch to boost 'glance journalism'

With the Apple Watch expected to sell in the millions, news organisations are refocusing their efforts to become part of that tiny screen. In the news business, this is now called "glance journalism."
Published 18 Apr, 2015 12:00am
Rural towns the frontline in Australia's battle with 'ice'

Rural towns the frontline in Australia's battle with 'ice'

Adrian Toomey made thousands of dollars a day as an "ice" dealer in Dubbo, a fairly typical Australian town north-west of Sydney, supplying the drug to everyone from bank workers to school teachers.
Published 18 Apr, 2015 12:00am
Courage for economic reforms

Courage for economic reforms

While the parliament dither and they take out petty scores the country is burning. The political parties are full of behaviour that cannot be condoned. Politics is about lifting yourselves above small things and working for the people of this country. Tha
Published 18 Apr, 2015 12:00am
A deeply flawed draft bill

A deeply flawed draft bill

The National Assembly's Standing Committee on Information Technology, headed by Captain Safdar (retd) - who has no known expertise in IT affairs - approved the draft of the Prevention of Electronic Crimes Bill, 2015, on Thursday, generating a lot of criti
Published 18 Apr, 2015 12:00am
GIDC litigation

GIDC litigation

Litigation on the levy of Gas Infrastructure Development Cess (GIDC) continues with the Supreme Court recently dismissing the government's review petition against the Peshawar High Court verdict declaring it a fee and therefore its imposition through the
Published 18 Apr, 2015 12:00am
Palm oil rises

Palm oil rises

Malaysian palm oil futures edged up on Friday as traders closed short positions before the weekend, but gains were capped by a strengthening ringgit. "The rise is because of short-covering before the weekend," said a trader with a foreign commodities brok
Published 18 Apr, 2015 12:00am
Cocoa falls in late-day selling spree, sugar drops

Cocoa falls in late-day selling spree, sugar drops

Cocoa futures fell on Friday after a flurry of late-day selling pushed prices down more than 1 percent, while sugar corrected down from the previous session's five-week high as the US dollar turned higher and added pressure. Coffee futures steadied.
Published 18 Apr, 2015 12:00am
Hard red wheat falls to multi-year lows

Hard red wheat falls to multi-year lows

Chicago Board of Trade soft wheat futures rose on Thursday while K.C. hard red winter wheat fell to multi-year lows on poor export demand and much-needed rains falling in key US crop areas, traders said. Corn and soybeans ended nearly unchanged after a ch
Published 18 Apr, 2015 12:00am
Rubber falls

Rubber falls

Benchmark Tokyo rubber futures fell on Friday, weighed down by weaker oil prices and Shanghai futures in lacklustre trade, but managed to eke out their first weekly gain in three. The Tokyo Commodity Exchange (TOCOM) rubber contract for September delivery
Published 18 Apr, 2015 12:00am
Shanghai copper climbs

Shanghai copper climbs

The most-traded June copper contract on the Shanghai Futures Exchange climbed 1.3 percent to 43,690 yuan ($7,056) a tonne on Friday, while lead ended up 2.2 percent after it broke its 200-day moving average, triggering chart-based buys. ShFE tin slumped b
Published 18 Apr, 2015 12:00am
Tin steadies after hitting lowest since 2009, copper rises

Tin steadies after hitting lowest since 2009, copper rises

Tin steadied on Friday after tumbling to its lowest since 2009 as a sell-off triggered by worries about a supply glut and weak demand gathered pace, while copper gained on hopes of stronger demand. Three-month tin on the London Metal Exchange hit $13,600
Published 18 Apr, 2015 12:00am
Brent crude seesaws but heads for 10 percent weekly gain

Brent crude seesaws but heads for 10 percent weekly gain

Brent crude seesawed, while US crude fell on Friday after both contracts rallied to 2015 peaks the previous session, and turmoil in Yemen and the region limited losses. Brent was on pace to post a double-digit percentage gain for the week, a second consec
Published 18 Apr, 2015 12:00am
Gold steadies in New York

Gold steadies in New York

Gold steadied around $1,200 an ounce on Thursday, paring losses as the US dollar extended its losses, while weak demand for physical metal added pressure and uncertainty over the timing of a Federal Reserve rate hike underpinned prices. Spot gold was down
Published 18 Apr, 2015 12:00am
Gold up in Asia

Gold up in Asia

Gold firmed near $1,200 an ounce on Friday but the metal was headed for its second straight weekly drop, weighed down by uncertainty over the timing of an interest rate increase by the US Federal Reserve. Spot gold edged up to $1,200.80 an ounce by 0701 G
Published 18 Apr, 2015 12:00am
Gold pares gains in European trade

Gold pares gains in European trade

Gold pared gains on Friday, heading for a second weekly drop, after data showing US consumer prices rose in March tempered speculation the Federal Reserve will delay its first interest rate rise in nearly a decade. The metal held above the $1,200 an ounce
Published 18 Apr, 2015 12:00am
US MIDDAY: wheat and corn rise

US MIDDAY: wheat and corn rise

Chicago Board of Trade wheat and corn futures firmed on Friday on light technical buying after both markets fell to the lowest levels in about a month, pressed by plentiful global grain supplies. Soyabeans also rose and were on track for a weekly gain of
Published 18 Apr, 2015 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold pared gains early on Friday, heading for a second weekly drop, after data showing US consumer prices rose in March tempered speculation the Federal Reserve will delay its first interest rate rise in nearly a decade.
Published 18 Apr, 2015 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Thursday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 3.49 billion. The number of lots traded was 18,924. PMEX Commodity Index increased by 0.64 percent and closed at 2,620. Major business was contributed by crude oil amounting to PKR 2.
Published 18 Apr, 2015 12:00am
US wheat futures close mixed

US wheat futures close mixed

US wheat futures closed mixed on Thursday, with Chicago Board of Trade wheat rising on technical buying while K.C. hard red winter wheat fell to multi-year lows as rains arrived in the Plains crop belt, traders said. MGEX spring wheat also fell, following
Published 18 Apr, 2015 12:00am
European wheat prices continue to fall

European wheat prices continue to fall

European wheat prices fell to their lowest in over a month on Wednesday, continuing their weakness after dropping through a key support level on Tuesday on forecasts of welcome rain on the parched US plains grain belt. A renewed fall in US wheat futures o
Published 18 Apr, 2015 12:00am
US FOB Gulf soyabean premiums steady

US FOB Gulf soyabean premiums steady

Export premiums for soyabeans shipped from the US Gulf Coast were mostly steady on Thursday, underpinned by higher CIF barge basis values but capped by seasonally slow demand, traders said. CIF soyabean basis values for late April to June barge loadings w
Published 18 Apr, 2015 12:00am
EU 2015 maize crop looking good, but down from 2014

EU 2015 maize crop looking good, but down from 2014

The European Union's 2015 plantings of the animal feed grain maize (corn) are developing well but this year's crop will be below the record 2014 harvest, industry experts said on Thursday. "Overall the maize picture is positive with a good average harvest
Published 18 Apr, 2015 12:00am
Indian oilseeds, soyaoil futures fall on profit-taking

Indian oilseeds, soyaoil futures fall on profit-taking

Indian oilseeds and soyaoil futures fell on Thursday on profit-taking driven by a stronger rupee and a drop in Malaysian palm oil. A strong rupee makes edible oil imports cheaper and also trims margin of oilmeal exporters.
Published 18 Apr, 2015 12:00am
Karachi Port's activities

Karachi Port's activities

The Karachi Port handled 178,415 tonnes of cargo comprising 157,336 tonnes of import cargo and 21,079 tonnes of export cargo including NA loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 18 Apr, 2015 12:00am
Trade activity falls as ginners stop selling lint cotton

Trade activity falls as ginners stop selling lint cotton

Subdued business was seen on the cotton market on Friday as the ginners did not take interest in selling lint cotton below the psychological level, dealers said. The official spot rate was unchanged at Rs 5300, dealers said. So, in the ready session, arou
Published 18 Apr, 2015 12:00am
Rates unchanged on grain market

Rates unchanged on grain market

According to the press release of the Grain Merchant Association, no change was seen in the rates of commodities on the local grain market on Friday, dealers said.
Published 18 Apr, 2015 12:00am
US Midwest corn bids firm, soya steady

US Midwest corn bids firm, soya steady

US Midwest corn basis bids were steady to firm and soyabeans were steady Thursday afternoon with a firm tone in eastern rail corn market as Southeast feed mixers showed demand, merchants said.
Published 18 Apr, 2015 12:00am
Ford announces $2.5 billion plant investment in Mexico

Ford announces $2.5 billion plant investment in Mexico

The Ford Motor Company on Friday announced a $2.5 billion plan to expand factories in Mexico to make next-generation engines and transmissions. Speaking at an event alongside President Enrique Pena Nieto in Mexico's capital, Joseph Hinrichs, the company's
Published 18 Apr, 2015 12:00am
Nestle posts first quarter growth

Nestle posts first quarter growth

The world's top packaged food maker Nestle on Friday posted better-than-expected growth in the first quarter despite currency exchange rates that hampered sales. The company that markets Nespresso capsules, KitKat bars and Perrier water also confirmed it
Published 18 Apr, 2015 12:00am
Nestle posts first quarter growth

Nestle posts first quarter growth

The world's top packaged food maker Nestle on Friday posted better-than-expected growth in the first quarter despite currency exchange rates that hampered sales. The company that markets Nespresso capsules, KitKat bars and Perrier water also confirmed it
Published 18 Apr, 2015 12:00am
British unemployment dips as election looms

British unemployment dips as election looms

Britain's unemployment rate has hit a fresh six-year low of 5.6 percent, official data showed Wednesday, in upbeat news for the government before the May 7 election. The jobless rate for December-February was down from 5.7 percent for the three months to
Published 18 Apr, 2015 12:00am
Reliance yearly profits subdued on global oil slump

Reliance yearly profits subdued on global oil slump

India's Reliance Industries reported a small profit increase for the year on Friday as a slump in oil prices hurt its major revenue streams of petrochemicals and refining. The Mumbai-based firm said in a statement that consolidated net profit for the year
Published 18 Apr, 2015 12:00am
GE reports $13.6 billion loss on finance sale charges

GE reports $13.6 billion loss on finance sale charges

General Electric Friday reported a $13.6 billion first-quarter loss on charges from its plan to sell most of GE Capital as profits rose in four of seven industrial businesses. The big loss had been expected after GE said a week ago that it would take abou
Published 18 Apr, 2015 12:00am
Coca-Cola to buy Chinese protein drinks business

Coca-Cola to buy Chinese protein drinks business

Coca-Cola has agreed to buy a Chinese plant-based drinks business, renewing its push into the China market after authorities in 2009 blocked its bid for a juice company. Coca­Cola said Friday it would pay about $400 million in cash to acquire Xiamen Culia
Published 18 Apr, 2015 12:00am
Rolls-Royce wins $9.2 billion engine order from Emirates for A380s

Rolls-Royce wins $9.2 billion engine order from Emirates for A380s

Rolls-Royce said it had won a $9.2 billion order to supply engines for 50 A380 aircraft for Dubai's Emirates airline, providing a boost for the British company after a torrid year of profit warnings. Rolls-Royce said the order was the largest in its histo
Published 18 Apr, 2015 12:00am
Prices start to rise in euro zone, easing deflation fears

Prices start to rise in euro zone, easing deflation fears

Consumer prices in the euro zone rose for the second straight month in March, not enough to pull annual inflation out of negative territory but another positive sign as the currency bloc looks to escape prolonged deflation.
Published 18 Apr, 2015 12:00am
China to improve port services to support trade

China to improve port services to support trade

China will improve port services by speeding up customs clearance, cutting red tape and other improvements, to help the country's foreign trade, state news agency Xinhua said on Friday. China's export sales contracted 15 percent in March, a shock outcome
Published 18 Apr, 2015 12:00am
China's Li urges reluctant banks to support real economy

China's Li urges reluctant banks to support real economy

Chinese Premier Li Keqiang on Friday urged banks to do more to support the real economy, as authorities grow frustrated with their reluctance to lend for productive investment, even as they support a debt-fuelled stock market rally. On visits to major sta
Published 18 Apr, 2015 12:00am
US consumer prices edge up, supporting Fed rate rise

US consumer prices edge up, supporting Fed rate rise

US consumer prices increased for a second straight month in March on rising gasoline and housing costs, a sign of an uptick in inflation that should keep the Federal Reserve on course to start raising interest rates this year. March's broad-based price ga
Published 18 Apr, 2015 12:00am
Report shows extent of Balotelli abuse

Report shows extent of Balotelli abuse

Liverpool and Italy striker Mario Balotelli has received more than 4,000 racist messages via social media this season, according to new research from British anti-discrimination body Kick It Out. Arsenal striker Danny Welbeck and Liverpool's Daniel Sturri
Published 18 Apr, 2015 12:00am
Ibrahimovic has ban reduced

Ibrahimovic has ban reduced

Paris Saint-Germain striker Zlatan Ibrahimovic on Friday had his four-match domestic suspension reduced to three games by the French league. The league's decision follows a recommendation from the French Olympic Committee (CNOSF), to whom PSG had appealed
Published 18 Apr, 2015 12:00am
Discord at Bayern after doctor departs

Discord at Bayern after doctor departs

Fingers are being pointed at Pep Guardiola after Bayern Munich's doctor of almost 40 years, Hans-Wilhelm Mueller-Wohlfahrt, left the club in the wake of their 3-1 Champions League quarter-final first-leg defeat to Porto. The 72-year-old, who had been at B
Published 18 Apr, 2015 12:00am
Nadal struggles but survives to face Djokovic

Nadal struggles but survives to face Djokovic

Novak Djokovic and Rafael Nadal will meet for a record 43rd time on Saturday as the star pair battle for a spot in the final of the Monte Carlo Masters. Nadal leads Djokovic 23-19 in the series which began nine years ago; the Spaniard, now fifth in the AT
Published 18 Apr, 2015 12:00am
Bangladesh record rare win over Pakistan

Bangladesh record rare win over Pakistan

Bangladesh outplayed Pakistan by 79 runs in the first one-day international in Dhaka on Friday, in only their second win over their rivals in 48 games across all three formats. Tamim Iqbal and Mushfiqur Rahim set up the rare win with impressive centuries
Published 18 Apr, 2015 12:00am
Anderson claims record wicket as West Indies struggle

Anderson claims record wicket as West Indies struggle

James Anderson claimed a record-equalling wicket and England's spinners kept their team on course for victory over the West Indies on the final day of the first Test at the Sir Vivian Richards Stadium in Antigua on Friday.
Published 18 Apr, 2015 12:00am
Injury hits comeback for Aamir

Injury hits comeback for Aamir

Paceman Mohammad Aamir's comeback after his ban for spot-fixing has been halted by a hamstring injury which will take up to three weeks to recover, his agent said Friday. The left-arm quick suffered the injury on his 23rd birthday - the second day of the
Published 18 Apr, 2015 12:00am
Sri Lanka defends interim body after ICC threat

Sri Lanka defends interim body after ICC threat

Sri Lanka's sports minister Navin Dissanayake on Friday defended his decision to appoint an interim committee to oversee cricket, saying it was his "sovereign right". The comments came after the International Cricket Council said the move may amount to go
Published 18 Apr, 2015 12:00am
Kuznetsova opens Russia's Fed Cup tie with Germany

Kuznetsova opens Russia's Fed Cup tie with Germany

Svetlana Kuznetsova will face Julia Goerges in Saturday's opening rubber of the Fed Cup World Group semi-final clash between Russia and Germany after Friday's draw. Kuznetsova, Russia's leading player and the world number 24, has 26 wins so far in the com
Published 18 Apr, 2015 12:00am
MCC unveil Lord's revamp scheme

MCC unveil Lord's revamp scheme

The latest phase of the 'Masterplan' redevelopment of Lord's was unveiled on Friday with a scheme to replace the "tired" Allen and Tavern stands in the south-west corner of the self-styled 'home of cricket'.
Published 18 Apr, 2015 12:00am
Bloomberg outage hits financial markets

Bloomberg outage hits financial markets

A two-hour outage at news and market data provider Bloomberg LP hit financial markets around the world on Friday, prompting debt sales to be postponed and exacerbating a spike in volatility in European stocks. "We experienced a combination of hardware and
Published 18 Apr, 2015 12:00am
Indian shares hit near two-week low; tech stocks drag

Indian shares hit near two-week low; tech stocks drag

Indian shares fell to their lowest level in nearly two weeks as IT exporters declined on concerns over their fourth-quarter results after bellwether Tata Consultancy Services failed to cheer investors. The benchmark BSE index closed 0.78 percent lower at
Published 18 Apr, 2015 12:00am
Friday's afternoon trade: stocks tumble, hit by weak earnings, China

Friday's afternoon trade: stocks tumble, hit by weak earnings, China

Wall Street tumbled on Friday, with the major indexes down one percent or more, on investor concerns over new regulations in China, Greece's debt negotiations and disappointing earnings reports from US corporations. All ten major S&P 500 sectors lost grou
Published 18 Apr, 2015 12:00am
Wall Street ends slightly lower as earnings worries linger

Wall Street ends slightly lower as earnings worries linger

US stocks ended marginally lower on Thursday as lingering worries about upcoming corporate earnings reports offset enthusiasm about a trio of soaring Wall Street debuts. Weighing on the S&P 500 were Apple and General Electric, which is expected to report
Published 18 Apr, 2015 12:00am
Taiwan stocks drop

Taiwan stocks drop

Taiwan stocks declined 0.77 percent on Friday, hampered by semiconductors and a poor forecast by world's largest contract chip maker Taiwan Semiconductor Manufacturing Co Ltd (TSMC). The main TAIEX index fell 74.65 points to 9582.22 as of 0201 GMT, after
Published 18 Apr, 2015 12:00am
Bonds end slightly stronger

Bonds end slightly stronger

Most US Treasury yields fell modestly on Thursday after a choppy trading day as investors grappled with mixed data on the US economy and concerns about Greece's stand-off with its creditors. Treasuries have rallied in recent weeks as a weaker-than-expecte
Published 18 Apr, 2015 12:00am
Bonds end slightly stronger

Bonds end slightly stronger

Most US Treasury yields fell modestly on Thursday after a choppy trading day as investors grappled with mixed data on the US economy and concerns about Greece's stand-off with its creditors. Treasuries have rallied in recent weeks as a weaker-than-expecte
Published 18 Apr, 2015 12:00am
Sri Lanka shares gain for third session

Sri Lanka shares gain for third session

Sri Lanka's main stock index gained for a third straight session on Friday to a more-than-one-month closing high, on buying by local investors as lower interest rates dissuaded them from investing in risk-free government bonds. Since the central bank cut
Published 18 Apr, 2015 12:00am
Hong Kong shares post 5th weekly gain, but lose some steam

Hong Kong shares post 5th weekly gain, but lose some steam

Hong Kong stocks fall on Friday but had a fifth straight weekly gain, thanks to hopes of further money inflows. The Hang Seng index slipped 0.3 percent, to 27,653.12, while the China Enterprises Index lost 1.3 percent, to 14,536.67 points.
Published 18 Apr, 2015 12:00am
China stocks post 7th week of gains

China stocks post 7th week of gains

China stocks rose to fresh seven-year highs on Friday, posting their seventh straight week of gains, as investor interest shifted from pricy small caps to blue chip shares. The SSE50 Index futures, based on an index tracking China's 50 big companies, jump
Published 18 Apr, 2015 12:00am
Tokyo stocks fall 1.17 percent on strong yen

Tokyo stocks fall 1.17 percent on strong yen

Tokyo stocks fell 1.17 percent Friday as a stronger yen took the air out of the market after another round of discouraging US data, with investors now gearing up for the Japanese earnings season. The Nikkei 225 index at the Tokyo Stock Exchange dropped 23
Published 18 Apr, 2015 12:00am
Australian shares slip on weak mining, banks

Australian shares slip on weak mining, banks

Australian shares fell 1.2 percent on Friday as falling iron ore prices encouraged investors to sell mining stocks, putting the index on track for the second-largest weekly loss this year. The S&P/ASX 200 index lost 69.6 points lower to end the session at
Published 18 Apr, 2015 12:00am
SE Asian markets: Philippine falls on foreign selling

SE Asian markets: Philippine falls on foreign selling

Southeast Asian stock markets ended flat to weaker on Friday as Philippine stocks slid on selling led by foreign funds and Singapore shares extended losses with investors locking in gains in an overbought market. The Philippines' key index closed 0.02 per
Published 18 Apr, 2015 12:00am
European shares plummet; traders cite China regulation concerns

European shares plummet; traders cite China regulation concerns

European shares dropped on Friday, with traders pointing to weakness in Chinese futures markets as one of the drivers on a trading day also marked by an outage on Bloomberg financial terminals. At the close, the FTSEurofirst 300 was down 1.8 percent at 1,
Published 18 Apr, 2015 12:00am
Vivendi's Bollore tightens control, asks for patience on deals

Vivendi's Bollore tightens control, asks for patience on deals

Vivendi's chairman and main shareholder Vincent Bollore won double voting rights at the company's annual shareholders' meeting on Friday after opponents failed to get support for their motion to keep a one-share-one-vote structure. Bollore, a billionaire
Published 18 Apr, 2015 12:00am
Bank of America settles currency-rigging lawsuit

Bank of America settles currency-rigging lawsuit

Bank of America Corp has settled its portion of a US antitrust lawsuit in which investors accused 12 major banks of rigging prices in the foreign exchange market. The settlement with the second-largest US bank was disclosed on Thursday by Scott & Scott, a
Published 18 Apr, 2015 12:00am
Early Easter helps Unilever sales jump 12.3 percent

Early Easter helps Unilever sales jump 12.3 percent

Dutch food and cosmetics giant Unilever said Thursday its sales jumped by 12.3 percent in the first quarter to 12.8 billion euros ($13.6 billion), boosted by favourable currency rates and an early Easter.
Published 18 Apr, 2015 12:00am
Saudi Arabia in new move to cut Kuwait neutral zone oil output

Saudi Arabia in new move to cut Kuwait neutral zone oil output

Saudi Arabia has told Kuwait it wants to halt production from a jointly operated oilfield in the neutral zone between the two countries, a Kuwaiti newspaper reported on Thursday. The Wafra field, which currently produces around 200,000 barrels per day, is
Published 18 Apr, 2015 12:00am
Volkswagen CEO to stay in defeat for chairman

Volkswagen CEO to stay in defeat for chairman

Martin Winterkorn will stay on as chief executive of Volkswagen in an unprecedented defeat for Ferdinand Piech, the German carmaker's powerful chairman and patriarch of its founding family. Piech, who turned 78 on Friday, provoked a showdown with his CEO
Published 18 Apr, 2015 12:00am
Budget proposals: PAMA seeks level-playing field for auto industry

Budget proposals: PAMA seeks level-playing field for auto industry

Pakistan Automotive Manufacturers Association (PAMA) has proposed to the ministry of finance to take remedial measures for providing level playing field to the auto industry. According to the budget proposals for 2015-16, PAMA's prime focus is on unfair a
Published 18 Apr, 2015 12:00am
Budget proposals: PAMA seeks level-playing field for auto industry

Budget proposals: PAMA seeks level-playing field for auto industry

Pakistan Automotive Manufacturers Association (PAMA) has proposed to the ministry of finance to take remedial measures for providing level playing field to the auto industry. According to the budget proposals for 2015-16, PAMA's prime focus is on unfair a
Published 18 Apr, 2015 12:00am
Export of surplus wheat Action plan being devised

Export of surplus wheat Action plan being devised

A meeting to develop an action plan/mechanism for export of surplus wheat was held here under the aegis of Trade Development Authority of Pakistan (TDA). According to a press release issued here on Friday, the meeting held at the TDAP office on April 15 w
Published 18 Apr, 2015 12:00am
Blocking of licenses: Customs agents to get hearing opportunity

Blocking of licenses: Customs agents to get hearing opportunity

The Customs department has principally agreed to provide a hearing opportunity to the clearing agents before blocking their licenses. The decision was taken during a meeting at Model Customs Collectorate Appraisement, West, with the representatives of Kar
Published 18 Apr, 2015 12:00am
Saeed appointed vice-chairman FPCCI body

Saeed appointed vice-chairman FPCCI body

The President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Mian Muhammad Adrees, has appointed Ahmed Saeed as Senior Vice-Chairman of FPCCI Standing Committee on Public Sector Enterprises for the year 2015. Ahmed Seed is the Propri
Published 18 Apr, 2015 12:00am
Man shot dead in Karachi

Man shot dead in Karachi

A man was killed while another injured here on Friday. According to police and rescue sources, Muhammad Dawood, son of Muhammad Bakhsh, was shot dead by unidentified gunmen in Bhatti-Abad, Block-A, in the jurisdictions of Sachal police station. The body o
Published 18 Apr, 2015 12:00am
SBP renews status of JCR-VIS & Pacra

SBP renews status of JCR-VIS & Pacra

State Bank of Pakistan (SBP) has renewed the status of both credit rating agencies operating in Pakistan namely "JCR-VIS Credit Rating Company Limited (JCR-VIS)" and "The Pakistan Credit Rating Agency Limited (Pacra)" as eligible/ recognised External Cred
Published 18 Apr, 2015 12:00am
Prime Minister urged to raise railway workers' salaries

Prime Minister urged to raise railway workers' salaries

Pakistan Railways Mazdoor Union on Friday demanded of the government to announce a raise of 50 per cent in the salaries of Railways workers in the forthcoming federal budget. A meeting of Railways Mazdoor Union held at the City Railway station with its pr
Published 18 Apr, 2015 12:00am
Speakers urge government to introduce land reforms

Speakers urge government to introduce land reforms

Speakers at Peasant Convention urged that the government should introduce crop insurance, eliminate corporate farming and land reforms policy where 10 acres should be provided to landless peasants. They said this while addressing the National Peasants Con
Published 18 Apr, 2015 12:00am
Sindh Assembly adopts 'Security of Vulnerable Establishment Bill'

Sindh Assembly adopts 'Security of Vulnerable Establishment Bill'

The Sindh Assembly on Friday unanimously adopted 'The Sindh Security of Vulnerable Establishment Bill, 2015'. While presenting the bill, Sindh Parliamentary Affairs Minister Dr Sikandar Mandhro told the house that the government intended to enforce Nation
Published 18 Apr, 2015 12:00am
Fire prevention PHMEA holds training

Fire prevention PHMEA holds training

Pakistan Hosiery Manufacturers and Exporters Association (PHMEA) in collaboration with Smeda and BFZ organised a one-day training programme on fire prevention and safe handling of chemicals to enhance the knowledge of industry. In this training programme,
Published 18 Apr, 2015 12:00am
Protest held against loadshedding

Protest held against loadshedding

The residents of Chappal Garden, Gulshan-e-Iqbal, on Friday staged a protest demonstration against unannounced electricity loadshedding in their area. Chanting slogans against K-Electric, the protestors said that some days they had to suffer power cuts fo
Published 18 Apr, 2015 12:00am
Standard Chartered Bank marks World Heritage Day

Standard Chartered Bank marks World Heritage Day

Standard Chartered Bank, the country's largest and longest serving international bank celebrated World Heritage Day on Friday. The bank plays a major role in celebrating Pakistan's rich heritage. Delivering on the brand promise "Here for good," the bank h
Published 18 Apr, 2015 12:00am
'GIK, KP government to initiate joint research projects'

'GIK, KP government to initiate joint research projects'

Ghulam Ishaq Khan Institute of Engineering Sciences and Technology and Khyber Pakhtunkhwa government would initiate joint research projects. This was stated by Farah Hamid Khan, Secretary, Science and Information Technology Khyber Pakhtunkhwa during her v
Published 18 Apr, 2015 12:00am
ADB provides $42.9 million for irrigation system in Fata

ADB provides $42.9 million for irrigation system in Fata

The Asian Development Bank (ADB) and Pakistan on Friday signed a loan of $42.9 million for upgrading water management and irrigation systems in Federally Administered Tribal Areas, paving the way for the conflict affected tribal communities to increase th
Published 18 Apr, 2015 12:00am
Death warrants issued to six prisoners

Death warrants issued to six prisoners

Jail authorities in Sialkot and Karachi on Friday received death warrants of six condemned prisoners for executions next week. Sialkot district jail officials received death warrants of four prisoners who would be sent to gallows on April 21 and 22.
Published 18 Apr, 2015 12:00am
Pesco asks SEs to achieve targets set by ministry, NEPRA

Pesco asks SEs to achieve targets set by ministry, NEPRA

Chief Executive, Peshawar Electricity Supply Company (PESCO) held special meeting with Superintendent Engineers (SEs) Peshawar and Khyber Circle to achieve targets set by the Ministry of Water & Power and NEPRA.
Published 18 Apr, 2015 12:00am
Country may miss wheat production target

Country may miss wheat production target

The country may miss wheat production of 26.3 million tons fixed by the government for 2014-15, as secretary Ministry of National Food Security and Research (MNFS&R) on Friday said that country may produce 25.7 million tons wheat, as the recent rains caus
Published 18 Apr, 2015 12:00am
Japanese CG delivers lecture at NED University

Japanese CG delivers lecture at NED University

Akira Ouchi, the Consul General of Japan in Karachi, delivered a lecture on "Bilateral Relations between Japan and Pakistan" to the students and faculty members of NED University of Engineering and Technology recently. Around 150 students from various fac
Published 18 Apr, 2015 12:00am
Prime Minister urges PIA staff to work harder

Prime Minister urges PIA staff to work harder

Prime Minister Muhammad Nawaz Sharif on Friday asked the employees of Pakistan International Airlines (PIA) to work hard for reviving the organisation's glorious past. In a meeting with PIA's Air League's union officials here at the PM House, the Prime Mi
Published 18 Apr, 2015 12:00am
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