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Print - 2015-04-24
Indian Sikh group welcomes pulling of contentious film

Indian Sikh group welcomes pulling of contentious film

A top Sikh body welcomed Thursday the pulling of a controversial biopic of their religion's founder from cinemas world-wide, following protests against the movie that critics deemed blasphemous. The producer of "Nanak Shah Fakir", a film on the life and t
Published 24 Apr, 2015 12:00am
Johannesburg marchers condemn attacks on immigrants

Johannesburg marchers condemn attacks on immigrants

Several thousand demonstrators marched through central Johannesburg on Thursday to protest against a spate of deadly attacks on immigrants, after further raids by the authorities on suspected gang hideouts. Watched by police, crowds sang songs denouncing
Published 24 Apr, 2015 12:00am
UN says EU must do more to save migrants, admit refugees

UN says EU must do more to save migrants, admit refugees

Europe must urgently set up an effective rescue operation for migrants at sea and commit to receiving significantly higher numbers of refugees, top UN officials and the International Organisation for Migration said on Thursday. "A tragedy of epic proporti
Published 24 Apr, 2015 12:00am
Chile volcano erupts for first time in decades

Chile volcano erupts for first time in decades

A volcano in Chile that had been inactive for over 50 years suddenly erupted twice in the space of hours, blasting huge clouds of ash into the air and forcing the evacuation of around 5,000 people. There were no immediate reports of injuries after the eru
Published 24 Apr, 2015 12:00am
Luxembourg court charges LuxLeaks journalist

Luxembourg court charges LuxLeaks journalist

Luxembourg charged Thursday the French journalist behind the revealing of the so-called LuxLeaks scandal that implicated the small European country in lowering tax rates for multinationals. "Today, the investigative judge charged a French journalist accus
Published 24 Apr, 2015 12:00am
One killed in Peru mine protest

One killed in Peru mine protest

One person was killed and 21 others wounded Wednesday when protesters opposed to a mine project in southern Peru tried to seize a bridge and police fought them back. Police fired teargas when protesters tried to cut off the Pan-American Highway in the reg
Published 24 Apr, 2015 12:00am
Thousands gather to remember the fallen at Gallipoli centenary

Thousands gather to remember the fallen at Gallipoli centenary

Thousands of Australians, New Zealanders and Turks gathered on Turkey's Gallipoli peninsula on Thursday ahead of the 100th anniversary of one of the bloodiest battles of World War One. Security was especially tight as the former adversaries now face a com
Published 24 Apr, 2015 12:00am
Armenian Church makes saints of 1.5 million 'genocide' victims

Armenian Church makes saints of 1.5 million 'genocide' victims

The Armenian Church on Thursday conferred sainthood on some 1.5 million Armenians killed by Ottoman forces a century ago, as tensions raged over Turkey's refusal to recognise the killings as genocide. The ceremony, which is believed to be the biggest cano
Published 24 Apr, 2015 12:00am
Scientists urge moratorium after Chinese 'edit' human embryos

Scientists urge moratorium after Chinese 'edit' human embryos

Global scientists on Thursday renewed calls to halt controversial research to genetically edit human embryos after a Chinese team published details of a stunted but breakthrough attempt in this new frontier in science. First reported by Nature News on Wed
Published 24 Apr, 2015 12:00am
Nigerian troops forced to retreat from mined Boko Haram stronghold

Nigerian troops forced to retreat from mined Boko Haram stronghold

Nigerian troops were forced to retreat from Boko Haram's Sambisa Forest stronghold in the restive north-east after a landmine blast killed one soldier and three vigilantes, security sources said Thursday. Military top brass said on Wednesday that soldiers
Published 24 Apr, 2015 12:00am
Kyrgyz PM resigns after failing to clinch new gold mine deal

Kyrgyz PM resigns after failing to clinch new gold mine deal

Kyrgyzstan's Prime Minister resigned on Thursday following his government's inability to conclude a new deal with Canada's Centerra Gold for the country's biggest gold mine. Jomart Otorbaev has come under heavy pressure from parliament in recent weeks as
Published 24 Apr, 2015 12:00am
PIAF makes strategy to win markets for traders

PIAF makes strategy to win markets for traders

The Pakistan Industrial and Traders Associations Front (PIAF) has drawn out a comprehensive strategy to win new markets for Pakistani businessmen through interaction with traders and solving problems at the grass roots. Front Chairman Irfan Iqbal Sheikh's
Published 24 Apr, 2015 12:00am
Mega scams: Nisar tells FIA to expedite probe

Mega scams: Nisar tells FIA to expedite probe

Interior Minister Chaudhry Nisar Ali Thursday directed the Federal Investigation Agency (FIA) to expedite investigations into mega corruptions cases, involving some big fish in various organisations.
Published 24 Apr, 2015 12:00am
Mega scams: Nisar tells FIA to expedite probe

Mega scams: Nisar tells FIA to expedite probe

Interior Minister Chaudhry Nisar Ali Thursday directed the Federal Investigation Agency (FIA) to expedite investigations into mega corruptions cases, involving some big fish in various organisations.
Published 24 Apr, 2015 12:00am
Mega scams: Nisar tells FIA to expedite probe

Mega scams: Nisar tells FIA to expedite probe

Interior Minister Chaudhry Nisar Ali Thursday directed the Federal Investigation Agency (FIA) to expedite investigations into mega corruptions cases, involving some big fish in various organisations.
Published 24 Apr, 2015 12:00am
There's no end in sight

There's no end in sight

It's a burning question nowadays, whether Pakistan would ever come out of energy crisis, keeping in view the last 10 years of talks, strategies, hopes and promises of 3 different governments, but without any fruitful results. "I spent 90 percent of my tim
Published 24 Apr, 2015 12:00am
Qadri criticises PAT workers' arrest

Qadri criticises PAT workers' arrest

Dr Tahirul Qadri, chairman of Pakistan Awami Tehreek, has said the coward rulers have gone berserk and has started to arrest PAT workers in vengeance and has started the murder of justice in the open now. Addressing PAT Lawyers Wing leaders via video-link
Published 24 Apr, 2015 12:00am
APTMA chief seeks special relief package for textile industry

APTMA chief seeks special relief package for textile industry

Chairman All Pakistan Textile Mills Association (APTMA) S. M. Tanveer has said that Pakistan Textile industry is on the verge of collapse and needs a special relief package from the government on urgent basis to secure billions of dollars investment and c
Published 24 Apr, 2015 12:00am
100 Baloch students to get vocational training in China: GDA

100 Baloch students to get vocational training in China: GDA

Director General Gwadar Development Authority (GDA) Dr Sajjad Ahmed Baloch on Thursday said that the authority was working on a project to send 100 local students to China for getting vocational training. Talking to PTV, he said the training would be aime
Published 24 Apr, 2015 12:00am
KP PA demands levy of FED on crude oil

KP PA demands levy of FED on crude oil

The provincial assembly of Khyber Pakhtunkhwa on Thursday passed a unanimous resolution demanding of the Ministry of Petroleum and Natural Resources for the levy of Federal Excise Duty on crude oil. The house also passed two more resolutions regarding pay
Published 24 Apr, 2015 12:00am
Fiscal Year 2016 budget: Chambers seek drastic reduction in tax rates

Fiscal Year 2016 budget: Chambers seek drastic reduction in tax rates

Presidents of Karachi, Rawalpindi, Khyber Pakhtunkhawa and Islamabad chambers of commerce and industry have proposed to National Assembly Standing Committee on Finance to drastically cut tax rates specifically sales tax rate to attract investment and redu
Published 24 Apr, 2015 12:00am
Fiscal Year 2016 budget: Chambers seek drastic reduction in tax rates

Fiscal Year 2016 budget: Chambers seek drastic reduction in tax rates

Presidents of Karachi, Rawalpindi, Khyber Pakhtunkhawa and Islamabad chambers of commerce and industry have proposed to National Assembly Standing Committee on Finance to drastically cut tax rates specifically sales tax rate to attract investment and redu
Published 24 Apr, 2015 12:00am
Muhammad Naeem appointed PAEC chief

Muhammad Naeem appointed PAEC chief

Muhammad Naeem has been appointed and assumed the charge as Chairman Pakistan Atomic Energy Commission (PAEC) for a period of three years. He was previously working in the capacity of Member Fuel Cycle in PAEC. Naeem brings to his key assignments, rich ac
Published 24 Apr, 2015 12:00am
Remarks against judiciary: IHC accepts IGP's apology

Remarks against judiciary: IHC accepts IGP's apology

The Islamabad High Court on Thursday accepted an unconditional apology of Inspector General Police Islamabad Tahir Alam Khan in a matter of offensive remarks against the judiciary. The IHC has expressed annoyance over offensive remarks passed by the IGP a
Published 24 Apr, 2015 12:00am
Contempt cases: four federal secretaries summoned

Contempt cases: four federal secretaries summoned

The Islamabad High court summoned four federal secretaries in different contempt cases over failure to implement the court directives for the payment of salaries to petitioners. The contempt petitions filed by Advocate Raja Saif-Ur-Rehman were against Sec
Published 24 Apr, 2015 12:00am
School opened in KA with Japan government's support

School opened in KA with Japan government's support

Learning awareness and motivation programme (LAMP), an NGO inaugurated another primary school at Lashora, Khyber Agency with the assistance of the Government of Japan. The school was decorated with the colorful flags of Japan and Pakistan and the school w
Published 24 Apr, 2015 12:00am
SECP's Group agrees to introduce various structural reforms

SECP's Group agrees to introduce various structural reforms

The Consultative Group, constituted by the Securities and Exchange Commission of Pakistan (SECP), has agreed on the need for introducing important structural reforms for market infrastructure institutions, including attainment of central counterparty stat
Published 24 Apr, 2015 12:00am
Cellular industry seeks massive tax relief

Cellular industry seeks massive tax relief

The cellular industry has proposed the government to eliminate taxes on SIM activation /supply and IMEI registration, abolish custom duties and sales tax on imported mobile phones and network equipment (SRO 575) and rationalise tax rate for subscribers in
Published 24 Apr, 2015 12:00am
The April 23, 1930 tragedy: GHB rally pays tribute

The April 23, 1930 tragedy: GHB rally pays tribute

The Gandhara Hindko Board (GHB), a literary, cultural and social welfare organisation, took out a rally at Qissa Khwani Bazaar on Thursday to remember people who died when the British troops opened fire on freedom-loving citizens in Peshawar on April 23,
Published 24 Apr, 2015 12:00am
Chairman Ogra Saeed may resume duty anytime soon

Chairman Ogra Saeed may resume duty anytime soon

Saeed Ahmed Khan, chairman Oil and Gas Regulatory Authority (Ogra), who was restored by Islamabad high Court (IHC) after he challenged the federal government's decision of sending him on forced leave may resume his duty within next few days, it is learnt.
Published 24 Apr, 2015 12:00am
Contraband drugs worth Rs 10.21 billion seized, five held

Contraband drugs worth Rs 10.21 billion seized, five held

ANF in its drive against drug trafficking conducted seven operations at different parts of the country, which resulted in recovery of 1038kg heroin, 1486kg charas and 1kg Ice (Amphetamine). ANF also arrested five drug traffickers and seized 3 vehicles dur
Published 24 Apr, 2015 12:00am
ECP studying EVMs for next general elections, National Assembly told

ECP studying EVMs for next general elections, National Assembly told

The National Assembly was informed on Thursday that the Election Commission is studying whether the next general elections could be held through Electronic Voting Machines or not. During question hour, Minister of State for Parliamentary Affairs Sheikh Af
Published 24 Apr, 2015 12:00am
Nestle Pakistan to support Digital Youth Summit

Nestle Pakistan to support Digital Youth Summit

Nestle Pakistan on Thursday announced to support Digital Youth Summit 2015 to be held from May 07 to 09 in Peshawar. A leading tech conference and start-up expo, will be organised jointly by Information Technology Board of Government of Khyber Pakhtunkhwa
Published 24 Apr, 2015 12:00am
Nestle Pakistan to support Digital Youth Summit

Nestle Pakistan to support Digital Youth Summit

Nestle Pakistan on Thursday announced to support Digital Youth Summit 2015 to be held from May 07 to 09 in Peshawar. A leading tech conference and start-up expo, will be organised jointly by Information Technology Board of Government of Khyber Pakhtunkhwa
Published 24 Apr, 2015 12:00am
Albaraka Islamic Bank's chief meets Dar

Albaraka Islamic Bank's chief meets Dar

Chairman Albaraka Islamic Bank, Khalid Rashid Alzayani along with members of the Albaraka Board of Directors and management team met the Federal Minister for Finance Senator Mohammad Ishaq Dar here on Thursday. The Minister briefed the delegation about th
Published 24 Apr, 2015 12:00am
OUP to hold literature festival tomorrow

OUP to hold literature festival tomorrow

Oxford University Press (OUP) is once again gathering avid readers, writers, academics, and literary figures from Pakistan and the world at the 3rd Islamabad Literature Festival to be held on April 24, 25, and 26, 2015 at the local hotel in Islamabad. Thi
Published 24 Apr, 2015 12:00am
KEL earnings surge 160 percent in 9MFY15

KEL earnings surge 160 percent in 9MFY15

Karachi Electric Limited (KEL) announced its 3QFY15 result where the company earned profit after tax of PKR 3.0bn (EPS: PKR 0.11) massively down 70 percent QoQ when compared with PKR 10.1bn (EPS: PKR 0.37) posted in the preceding quarter. This is due to h
Published 24 Apr, 2015 12:00am
KEL earnings surge 160 percent in 9MFY15

KEL earnings surge 160 percent in 9MFY15

Karachi Electric Limited (KEL) announced its 3QFY15 result where the company earned profit after tax of PKR 3.0bn (EPS: PKR 0.11) massively down 70 percent QoQ when compared with PKR 10.1bn (EPS: PKR 0.37) posted in the preceding quarter. This is due to h
Published 24 Apr, 2015 12:00am
Maple Leaf Cement announces Rs 4.4 EPS

Maple Leaf Cement announces Rs 4.4 EPS

Maple Leaf Cement (MLCF) announced 9MFY15 earnings of Rs 2.3bn (EPS Rs 4.4) down 3percent YoY, in line with market consensus estimates. However, profit before tax increased by 29 percent. In 9MFY15, MLCF recorded revenue of Rs 15bn as against Rs 13.7bn la
Published 24 Apr, 2015 12:00am
Maple Leaf Cement announces Rs 4.4 EPS

Maple Leaf Cement announces Rs 4.4 EPS

Maple Leaf Cement (MLCF) announced 9MFY15 earnings of Rs 2.3bn (EPS Rs 4.4) down 3percent YoY, in line with market consensus estimates. However, profit before tax increased by 29 percent. In 9MFY15, MLCF recorded revenue of Rs 15bn as against Rs 13.7bn la
Published 24 Apr, 2015 12:00am
JI terms election arrangements 'poor'

JI terms election arrangements 'poor'

Jamaat-i-Islami (JI) on Thursday termed the arrangements made for the by-election on NA-246 by the Election Commission of Pakistan as 'poor' and blamed the commission for appointing MQM workers as polling staff. At least three letters the JI dispatched du
Published 24 Apr, 2015 12:00am
Shujaat felicitates Mushahid for getting grand Chinese award

Shujaat felicitates Mushahid for getting grand Chinese award

PML-Q President Chaudhry Shujaat Hussain has expressed happiness over conferment of "Five Principles of Peaceful Co-existence Friendship Award" on PML Secretary General Mushahid Hussain Sayed and termed it reflection of close and deep contacts between par
Published 24 Apr, 2015 12:00am
PTI condemns death of shopkeeper in police custody

PTI condemns death of shopkeeper in police custody

Pakistan Tehreek-e-Insaf Punjab has condemned the death of a young shopkeeper in custody of the Punjab Police in Lahore and also the police torture of Sialkot party activist Baber who was severely injured. Party Punjab President Ejaz Chaudhry has accused
Published 24 Apr, 2015 12:00am
Tarbela, Mangla dams Irsa raises water discharges

Tarbela, Mangla dams Irsa raises water discharges

The Indus River System Authority (Irsa) increased water discharges from the Tarbela and Mangla dam on Thursday to augment hydel power generation and irrigation water for sowing Kharif crops including cotton, rice, maize, vegetables etc. According to April
Published 24 Apr, 2015 12:00am
Wali Babar murder case: SHC admits Faisal Mota's plea

Wali Babar murder case: SHC admits Faisal Mota's plea

Sindh High Court on Thursday admitted plea of Faisal Mota, a convict in Wali Babar murder case, against the death penalty handed down by an Anti-terrorism Court (ATC). The court will take up the plea for hearing along with applications of four other convi
Published 24 Apr, 2015 12:00am
Ebad for regular submission of LG Accounts to PAC

Ebad for regular submission of LG Accounts to PAC

Sindh Governor Dr Ishrat-ul-Ebad Khan has stressed the need for regular submission of the Local Governments' accounts to Sindh Public Accounts Committee (PAC) to strengthen financial discipline. Director General Audit, Local Councils Sindh Muhammad Ali Sh
Published 24 Apr, 2015 12:00am
SBP asks banks to deploy more ATMs

SBP asks banks to deploy more ATMs

Riaz Riazuddin, Deputy Governor of the State Bank of Pakistan (SBP) on Thursday has asked the commercial banks to deploy more ATM machines nation-wide, as currently available network of 9,000 machines were not enough to facilitate the growing population i
Published 24 Apr, 2015 12:00am
MoU signed for Japanese language course

MoU signed for Japanese language course

Pakistan-Japan Cultural Association (PJCA), Sindh and the Hussain International Private Limited have signed a Memorandum of Understanding (MoU), for co-operation to conduct Japanese Language Course. President PJCA Sindh, Ms Sadia Rashid and Chief Executiv
Published 24 Apr, 2015 12:00am
Pre-budget seminar Janoo suggests uniform tax rate for all businesses

Pre-budget seminar Janoo suggests uniform tax rate for all businesses

Federation of Pakistan Chambers of Commerce and Industry's (FPCCI) senior vice president Abdul Rahim Janoo said here on Thursday that domestic economy was under extreme pressure in the wake of severe energy crisis and it has damaged the industrial activit
Published 24 Apr, 2015 12:00am
CDNS mobilises Rs 269 billion savings in 9 months

CDNS mobilises Rs 269 billion savings in 9 months

The Central Directorate of National Savings (CDNS) has achieved Rs 269 billion savings during current fiscal year from July 1, 2014 to March 31, 2015 against the target of Rs 284 billion. An official of CDNS giving break-ups of nine months of the year 201
Published 24 Apr, 2015 12:00am
NA-246 by-elections: voters express mixed reaction over ECP arrangements

NA-246 by-elections: voters express mixed reaction over ECP arrangements

Voters of NA-246 have expressed mixed reaction over the arrangements made by Election Commission of Pakistan (ECP) for the by-election held on Thursday. The commission had taken unprecedented measures to avoid rigging in bye-elections. During brief visit
Published 24 Apr, 2015 12:00am
'PEF to partner with over 1,500 low-cost private schools'

'PEF to partner with over 1,500 low-cost private schools'

"The Punjab Education Foundation (PEF) will partner with more than 1,500 low-cost private schools during the current year in 36 districts of the province. This will be the largest ever expansion in the foundation's history to open the doors of education t
Published 24 Apr, 2015 12:00am
Seven kids killed as truck smashes into house

Seven kids killed as truck smashes into house

Seven minors of a family were killed and their parents and two siblings sustained injuries when a truck rammed into their one-room house near Protective Dike by-pass in Muhallah Pindi area of Jhang on early Thursday morning. According to police and Rescue
Published 24 Apr, 2015 12:00am
Several arrested after MQM-PTI clash

Several arrested after MQM-PTI clash

Police resorted to baton-charge to disperse charged activists of Muttahia Qaumi Movement (MQM) and Pakistan Tehreek-e-Insaf (PTI), who chanted slogans against each other outside an election camp of the PTI in Karimabad, here on Thursday night. Several peo
Published 24 Apr, 2015 12:00am
Lucky Cement earns Rs 9.30 billion record profit

Lucky Cement earns Rs 9.30 billion record profit

Lucky Cement Limited continued to lead the cement industry with a significant rise during the last nine months of year 2014-15. The Company recorded net profit for the nine months ended 31st March 2015 of Rs 9.30 billion which is 13.7 percent higher than
Published 24 Apr, 2015 12:00am
Lucky Cement earns Rs 9.30 billion record profit

Lucky Cement earns Rs 9.30 billion record profit

Lucky Cement Limited continued to lead the cement industry with a significant rise during the last nine months of year 2014-15. The Company recorded net profit for the nine months ended 31st March 2015 of Rs 9.30 billion which is 13.7 percent higher than
Published 24 Apr, 2015 12:00am
Minister inaugurates medical moot

Minister inaugurates medical moot

Punjab Minister for Population Welfare Begum Zakia Shahnawaz inaugurated the second two-day national medical conference on Thursday. The Rashid Latif Medical College and Arif Memorial Teaching Hospital organised the conference. The theme was 'integrated a
Published 24 Apr, 2015 12:00am
KP parliamentary parties join hands for province's rights

KP parliamentary parties join hands for province's rights

A parliamentary Jirga comprising members of all political parties having representation in Khyber Pakhtunkhwa was constituted to take up the issues regarding province's rights with the federal government. The Jirga, which will be headed by Chief Minister
Published 24 Apr, 2015 12:00am
Nestle announces Rs 81 EPS in 1Q2015

Nestle announces Rs 81 EPS in 1Q2015

Nestle Pakistan (NESTLE) announced record 1Q2015 earnings of Rs 3.6bn (EPS Rs 81) as against Rs 2bn (EPS Rs 45.8) in the same quarter last year. This result was well above market consensus estimates. Nestle Pakistan, the country's largest FMCG with market
Published 24 Apr, 2015 12:00am
Nestle announces Rs 81 EPS in 1Q2015

Nestle announces Rs 81 EPS in 1Q2015

Nestle Pakistan (NESTLE) announced record 1Q2015 earnings of Rs 3.6bn (EPS Rs 81) as against Rs 2bn (EPS Rs 45.8) in the same quarter last year. This result was well above market consensus estimates. Nestle Pakistan, the country's largest FMCG with market
Published 24 Apr, 2015 12:00am
Ban on shifting of sugar mills to Southern Punjab demanded

Ban on shifting of sugar mills to Southern Punjab demanded

Pakistan Cotton Ginners Association (PCGA) has demanded of the government to impose a ban on the shifting of sugar mills to Southern Punjab which had been declared as cotton belt and take effective measures for the protection of white Gold (cotton) econom
Published 24 Apr, 2015 12:00am
Zarb-e-Azb: terror incidents significantly decline

Zarb-e-Azb: terror incidents significantly decline

Terror incidents have significantly declined since June 15, 2014 when Pakistan military launched operation Zarb-e-Azb, according to data compiled by Business Recorder from official and independent sources. The country witnessed 82 percent decline i
Published 24 Apr, 2015 12:00am
Absence of ministers Opposition, PkMAP walk out from National Assembly

Absence of ministers Opposition, PkMAP walk out from National Assembly

The opposition as well as Pakhtunkhwa Mili Awami Party (PkMAP)-an ally of the ruling government-staged a walkout on Thursday from National Assembly in protest against the absence of ministers in the house and secretaries concerned in the gallery. The majo
Published 24 Apr, 2015 12:00am
Bestway Cement assumes control of Lafarge Pakistan Cement

Bestway Cement assumes control of Lafarge Pakistan Cement

Bestway Cement Limited (Bestway Cement), a subsidiary of Bestway Group (Bestway) has announced the assumption of management control of Lafarge Pakistan Cement Limited (Lafarge Pakistan). This follows the company's successful bid for 75.86 percent of Lafar
Published 24 Apr, 2015 12:00am
OGDCL's net profit after tax stands at Rs 68.006 billion

OGDCL's net profit after tax stands at Rs 68.006 billion

The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in its meeting, held on April 23, at OGDCL Head Office Islamabad announced the financial results for the nine months ended March 31. The Company's net sales revenue registered Rs 162.
Published 24 Apr, 2015 12:00am
OGDCL's net profit after tax stands at Rs 68.006 billion

OGDCL's net profit after tax stands at Rs 68.006 billion

The Board of Directors of Oil & Gas Development Company Limited (OGDCL) in its meeting, held on April 23, at OGDCL Head Office Islamabad announced the financial results for the nine months ended March 31. The Company's net sales revenue registered Rs 162.
Published 24 Apr, 2015 12:00am
Weather conducive for wheat harvesting

Weather conducive for wheat harvesting

Weather has become conducive for harvesting of the wheat crop as mainly hot and dry is expected in most parts of the country. Hot weather conditions would continue to prevail in Sindh, Balochistan and plain areas of Punjab and KP during next few days, Met
Published 24 Apr, 2015 12:00am
Corps Commander witnesses field exercise

Corps Commander witnesses field exercise

Commander Lahore Corps Lieutenant General Naweed Zaman visited an exercise area and witnessed field exercise by troops. Speaking to the troops, Corps Commander emphasised that "optimum state of operational preparedness is our top most priority." He advise
Published 24 Apr, 2015 12:00am
Multan Cantt election: PML-N, PTI candidates win unopposed

Multan Cantt election: PML-N, PTI candidates win unopposed

As many as two candidates in the Multan Cantonment Board election on Thursday won unopposed. The election preparations in the remaining eight wards have been completed. In a total of 10 wards of the Multan Cantt, at least two candidates, one of Pakistan M
Published 24 Apr, 2015 12:00am
JI rejects MQM victory

JI rejects MQM victory

Ameer Jamaat-i-Islami (JI) Karachi Hafiz Naeem-ur-Rehman has rejected the victory of Muttahida Qaumi Movement (MQM) in by-polls on NA-246, terming it as fake. He said that the mandate claimed by MQM was the result of forged voters' list and biased polling
Published 24 Apr, 2015 12:00am
FSRU import 5 percent customs duty, ST exemption notified

FSRU import 5 percent customs duty, ST exemption notified

The Federal Board of Revenue (FBR) has notified 5 percent customs duty and sales tax exemption on the import of a specialised ship, ie, Floating Storage and Re-gasification Unit (FSRU). In this regard, the FBR has issued an SRO.337(I)/2015 here on Thursda
Published 24 Apr, 2015 12:00am
LHC hands over custody of children to mother

LHC hands over custody of children to mother

The Lahore High Court has handed over the custody of two children to their mother and told the father to appeal to a guardian court for their custody. Fareeha, the mother of Liaba, aged 5, and Mannan, 4, filed the habeas petition against her ex-husband, c
Published 24 Apr, 2015 12:00am
ABL earnings up by 30 percent in 1QCY15

ABL earnings up by 30 percent in 1QCY15

Allied Bank Limited (ABL) has recorded an earning of PkR 4.2bn (EPS: PkR3.7) in 1QCY15, up by 30 percent YoY. The earnings were in line with the expectations of PkR4.1bn (EPS: PkR3.6). The results were accompanied by a dividend of PkR1.75/sh vs. PkR1.5/sh
Published 24 Apr, 2015 12:00am
ABL earnings up by 30 percent in 1QCY15

ABL earnings up by 30 percent in 1QCY15

Allied Bank Limited (ABL) has recorded an earning of PkR 4.2bn (EPS: PkR3.7) in 1QCY15, up by 30 percent YoY. The earnings were in line with the expectations of PkR4.1bn (EPS: PkR3.6). The results were accompanied by a dividend of PkR1.75/sh vs. PkR1.5/sh
Published 24 Apr, 2015 12:00am
Turkish delegates visit LCCI

Turkish delegates visit LCCI

A four-member Turkish business delegation visited the Lahore of Chamber of Commerce and Industry here on Thursday. Head of the delegation Engine Oskaloglu made it clear in his meeting with the LCCI members that Pakistanis should step in joint ventures wit
Published 24 Apr, 2015 12:00am
'Construction of new Khanki Barrage to improve water supply'

'Construction of new Khanki Barrage to improve water supply'

Provincial Minister for Irrigation Mian Yawar Zaman has said that supply of canal water will further improve for lakhs of acres land of eight districts after the construction of new Khanki Barrage. He said Punjab government was implementing a comprehensiv
Published 24 Apr, 2015 12:00am
Transactions on stock exchanges

Transactions on stock exchanges

We were surprised to see a news item regarding collection of data of transactions on the stock exchanges by NAB. It may be clarified that all transactions on stock exchanges are based on UIN (Unique Identification Number) of each investor, which is based
Published 24 Apr, 2015 12:00am
Price plunge brings hardship to Canada oil sands El Dorado

Price plunge brings hardship to Canada oil sands El Dorado

Sky-high salaries once attracted thousands of workers to this small city in the heart of Canada's oil sands. But after crude prices plunged, Fort McMurray is lamenting a brief golden age. From June 2014 to January, the price of a barrel of oil shed half i
Published 24 Apr, 2015 12:00am
Online store merger prods luxury goods makers towards Internet

Online store merger prods luxury goods makers towards Internet

The merger of the world's two biggest online fashion stores, Net-a-Porter (NAP) and Yoox , sends a warning to luxury brands to embrace the Internet with more vim after years of resistance. Top brands such as Prada and LVMH's Christian Dior still baulk at
Published 24 Apr, 2015 12:00am
Tax proposals - III

Tax proposals - III

The existing tax system is highly unjust as it protects the rich and heavily taxes the poor. This cruel taxation is meant to finance the luxuries of militro-judicial-civil complex and politicians. The mighty sections of society not only enjoy tax-free
Published 24 Apr, 2015 12:00am
PM's Youth Development Programme

PM's Youth Development Programme

Maryam Nawaz, the Minister of State for Education and Training and former Chairperson of Prime Minister's Youth Development Programme, while presenting certificates to top position holders of skilled youth programme stated that the one-year training progr
Published 24 Apr, 2015 12:00am
PM in Riyadh

PM in Riyadh

Wars bring victories and defeats to the generals and their governments, but to the average man they bring only death and destruction. The war in Yemen seems to have reached its close, but it hasn't thrown up a clear victor. The Saudi Arabia-led Arab coali
Published 24 Apr, 2015 12:00am
Oil hits 2015 high on Yemen worry; US gasoline at Nov peaks

Oil hits 2015 high on Yemen worry; US gasoline at Nov peaks

Crude oil prices settled up 3 percent on Thursday, hitting 2015 highs, while US gasoline reached 5-month peaks after Saudi Arabia and its allies maintained a bombing blitz in Yemen that heightened concerns about the security of Middle East oil supplies. O
Published 24 Apr, 2015 12:00am
Cotton rises most in 2-1/2 years on bullish export sales report

Cotton rises most in 2-1/2 years on bullish export sales report

Cotton futures hit a more-than one-week high on Thursday in their largest single-session gain since August 2012 after a US government report showed export sales of 144,900 bales in the prior week, well above market expectations. "The market just kind of c
Published 24 Apr, 2015 12:00am
Palm oil lower

Palm oil lower

Malaysian palm oil futures ended lower on Thursday on the prospect of another month of strong crude palm production in the world's second-largest grower, although hopes for firm export demand provided some support. The Malaysian Palm Oil Association, a gr
Published 24 Apr, 2015 12:00am
Raw sugar climbs

Raw sugar climbs

Raw sugar futures rose in their sharpest single-session gains in three weeks on Thursday, boosted partly by a weaker US dollar as the market extended its rebound following a sharp setback in prices during the last few days. Arabica coffee on ICE Futures U
Published 24 Apr, 2015 12:00am
Corn touches one-month low, soya slips

Corn touches one-month low, soya slips

US corn futures touched a one-month low on Wednesday and soyabeans dropped on concern that a bird flu outbreak in the United States may cut feed demand, as forecasts for favourable US planting weather in coming weeks also weighed on prices. Wheat was slig
Published 24 Apr, 2015 12:00am
Rubber rises

Rubber rises

Benchmark Tokyo rubber futures rose for a third straight session on Thursday to end at their highest in three-and-a-half weeks as market participants continued to pile up positions on the back of a weaker yen, while moves by top rubber producers to raise
Published 24 Apr, 2015 12:00am
Shanghai copper falls

Shanghai copper falls

The most-traded June copper contract on the Shanghai Futures Exchange fell 0.6 percent to 42,990 yuan ($6,935) a tonne on Thursday as a flash reading on China's factories showed activity shrank to its slowest in a year, fanning worries about already tepid
Published 24 Apr, 2015 12:00am
Poor China factory data weigh industrial metals

Poor China factory data weigh industrial metals

Industrial metals prices softened on Thursday after a weak Chinese manufacturing survey reinforced worries about demand, while aluminium was also pressured by news China will remove export taxes on rods and bars. Three-month copper on the London Metal Exc
Published 24 Apr, 2015 12:00am
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