AGL 39.75 Decreased By ▼ -0.25 (-0.63%)
AIRLINK 131.90 Increased By ▲ 2.84 (2.2%)
BOP 6.82 Increased By ▲ 0.07 (1.04%)
CNERGY 4.72 Increased By ▲ 0.23 (5.12%)
DCL 8.50 Decreased By ▼ -0.05 (-0.58%)
DFML 41.41 Increased By ▲ 0.59 (1.45%)
DGKC 82.20 Increased By ▲ 1.24 (1.53%)
FCCL 33.04 Increased By ▲ 0.27 (0.82%)
FFBL 72.65 Decreased By ▼ -1.78 (-2.39%)
FFL 12.32 Increased By ▲ 0.58 (4.94%)
HUBC 110.75 Increased By ▲ 1.17 (1.07%)
HUMNL 14.40 Increased By ▲ 0.65 (4.73%)
KEL 5.20 Decreased By ▼ -0.11 (-2.07%)
KOSM 7.60 Decreased By ▼ -0.12 (-1.55%)
MLCF 38.90 Increased By ▲ 0.30 (0.78%)
NBP 64.02 Increased By ▲ 0.51 (0.8%)
OGDC 193.00 Decreased By ▼ -1.69 (-0.87%)
PAEL 25.80 Increased By ▲ 0.09 (0.35%)
PIBTL 7.38 Decreased By ▼ -0.01 (-0.14%)
PPL 154.60 Decreased By ▼ -0.85 (-0.55%)
PRL 25.81 Increased By ▲ 0.02 (0.08%)
PTC 17.80 Increased By ▲ 0.30 (1.71%)
SEARL 81.99 Increased By ▲ 3.34 (4.25%)
TELE 7.80 Decreased By ▼ -0.06 (-0.76%)
TOMCL 33.38 Decreased By ▼ -0.35 (-1.04%)
TPLP 8.50 Increased By ▲ 0.10 (1.19%)
TREET 16.71 Increased By ▲ 0.44 (2.7%)
TRG 57.21 Decreased By ▼ -1.01 (-1.73%)
UNITY 27.59 Increased By ▲ 0.10 (0.36%)
WTL 1.38 Decreased By ▼ -0.01 (-0.72%)
BR100 10,517 Increased By 72.3 (0.69%)
BR30 31,250 Increased By 60.3 (0.19%)
KSE100 98,175 Increased By 376.5 (0.38%)
KSE30 30,579 Increased By 97.9 (0.32%)
Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-05-08
Munich Re feels pinch of low interest rates in first quarter

Munich Re feels pinch of low interest rates in first quarter

German reinsurance giant Munich Re said Thursday that its profits were hit by the low-interest rate environment in the first quarter, but it is standing by its full-year targets. "Munich Re has started off 2015 with a pleasing quarterly profit," the compa
Published 08 May, 2015 12:00am
Inflation tops 60 percent in conflict-hit Ukraine

Inflation tops 60 percent in conflict-hit Ukraine

Annual inflation in strife-torn Ukraine soared to some 61 percent in April, the state statistics agency said Wednesday, as the conflict in the east of the country continued to roil the stricken economy The year-on-year figure rose from some 53.7 percent i
Published 08 May, 2015 12:00am
Brazil industrial production down 4.7 percent over 12 months

Brazil industrial production down 4.7 percent over 12 months

Brazil's industrial production has dropped 4.7 percent over 12 months after slipping in March by 0.8 percent amid a sharp downturn in the world's seventh-largest economy, official figures showed Wednesday. Brazil is enduring a fifth straight year of low g
Published 08 May, 2015 12:00am
Nintendo posts annual profit

Nintendo posts annual profit

Nintendo said Thursday it had swung back into the black thanks to a weak yen and stronger Wii U console sales, but the Japanese videogame giant warned its bottom line would shrink this year. The 'Super Mario' creator reported a 41.8 billion yen ($350 mill
Published 08 May, 2015 12:00am
Nintendo posts annual profit

Nintendo posts annual profit

Nintendo said Thursday it had swung back into the black thanks to a weak yen and stronger Wii U console sales, but the Japanese videogame giant warned its bottom line would shrink this year. The 'Super Mario' creator reported a 41.8 billion yen ($350 mill
Published 08 May, 2015 12:00am
Kuwait to order Boeing F/A-18 fighters worth $3 billion

Kuwait to order Boeing F/A-18 fighters worth $3 billion

Kuwait plans to order 28 Super Hornet advanced fighter jets worth $3 billion from Boeing, a person close to the deal told AFP Thursday. The order for the F/A-18E/F multirole aircraft marks an important victory for Boeing over European rivals, which had be
Published 08 May, 2015 12:00am
Adecco chiefs quit, as profits soar

Adecco chiefs quit, as profits soar

The world's biggest temporary staffing group Adecco said Thursday it both its chief executive and finance chief have quit, as it posted strong first-quarter earnings on the back of improving sales in Europe. In a surprise announcement, Adecco said its CEO
Published 08 May, 2015 12:00am
Adecco chiefs quit, as profits soar

Adecco chiefs quit, as profits soar

The world's biggest temporary staffing group Adecco said Thursday it both its chief executive and finance chief have quit, as it posted strong first-quarter earnings on the back of improving sales in Europe. In a surprise announcement, Adecco said its CEO
Published 08 May, 2015 12:00am
Algeria jails 14, fines foreign firms in corruption case

Algeria jails 14, fines foreign firms in corruption case

An Algerian court on Thursday sentenced to jail 14 people and fined seven foreign firms from Europe, Asia and Canada capping a high-profile corruption case. Dubbed by Algerian media as the "scandal of the century", the case heard allegations of corruption
Published 08 May, 2015 12:00am
Germany eyes modest tax cut next year

Germany eyes modest tax cut next year

Germany's finance minister said Thursday he would cut taxes from next year after experts forecast a nearly 40-billion-euro ($45-billion) tax windfall for Europe's top economy over the next five years. The coffers of the states, regions and municipalities
Published 08 May, 2015 12:00am
US jobless claims hover near 15-year low, boost growth outlook

US jobless claims hover near 15-year low, boost growth outlook

The number of Americans filing new claims for unemployment benefits held near a 15-year low last week in a sign that the labour market was strengthening despite moderate economic growth. Initial claims for state unemployment benefits rose 3,000 to a seaso
Published 08 May, 2015 12:00am
EU to resume trade dispute talks with US: Commissioner

EU to resume trade dispute talks with US: Commissioner

The EU's top trade official on Thursday said fraught talks over the most controversial aspect of a massive free trade treaty with the United States would resume later this year. There has been deep concern in the EU over the Transatlantic Trade and Invest
Published 08 May, 2015 12:00am
Time Inc revenue falls again as print ads dry up

Time Inc revenue falls again as print ads dry up

Time Inc, the publisher of Time, People and Sports Illustrated magazines, reported yet another decline in quarterly revenue as circulation dropped further, and advertising dollars continued to move to digital media from print. The company, which was spun
Published 08 May, 2015 12:00am
Time Inc revenue falls again as print ads dry up

Time Inc revenue falls again as print ads dry up

Time Inc, the publisher of Time, People and Sports Illustrated magazines, reported yet another decline in quarterly revenue as circulation dropped further, and advertising dollars continued to move to digital media from print. The company, which was spun
Published 08 May, 2015 12:00am
Siemens to cut 4,500 more jobs, keep unprofitable units

Siemens to cut 4,500 more jobs, keep unprofitable units

German industrial group Siemens will cut a further 4,500 jobs as it battles to cope with subdued economic growth and weak demand from energy customers. The cuts come on top of 7,400 job losses already announced and were unveiled on Thursday alongside a 5
Published 08 May, 2015 12:00am
Emirates Airline annual profits surge 40 percent to $1.2 billion

Emirates Airline annual profits surge 40 percent to $1.2 billion

Dubai's Emirates Airline said Thursday annual profits have surged 40 percent to $1.2 billion as revenues increased and fuel costs dropped. The Middle East's largest carrier said revenues rose seven percent to $24.2 billion with passenger numbers up 11 per
Published 08 May, 2015 12:00am
Emirates Airline annual profits surge 40 percent to $1.2 billion

Emirates Airline annual profits surge 40 percent to $1.2 billion

Dubai's Emirates Airline said Thursday annual profits have surged 40 percent to $1.2 billion as revenues increased and fuel costs dropped. The Middle East's largest carrier said revenues rose seven percent to $24.2 billion with passenger numbers up 11 per
Published 08 May, 2015 12:00am
Alibaba names new chief executive as revenues soar

Alibaba names new chief executive as revenues soar

Chinese e-commerce giant Alibaba announced Thursday a surprise shake-up in management, replacing its chief executive despite a sharp rise in revenues. Jonathan Lu, who had taken up the CEO post in May 2013, will be replaced by Daniel Zhang, currently chie
Published 08 May, 2015 12:00am
BT posts rising annual profits

BT posts rising annual profits

British telecoms and broadcasting firm BT, which is buying mobile operator EE, posted rising annual profits Thursday on keen demand for its broadband Internet services. Underlying profit, or earnings before interest, tax, depreciation and amortisation (EB
Published 08 May, 2015 12:00am
BT posts rising annual profits

BT posts rising annual profits

British telecoms and broadcasting firm BT, which is buying mobile operator EE, posted rising annual profits Thursday on keen demand for its broadband Internet services. Underlying profit, or earnings before interest, tax, depreciation and amortisation (EB
Published 08 May, 2015 12:00am
World food prices fall to near 5-year low in April

World food prices fall to near 5-year low in April

Global food prices fell in April to their lowest since June 2010, as dairy led most commodities down, the United Nations food agency said on Thursday. The UN Food and Agriculture Organisation's (FAO) price index, which measures monthly changes for a baske
Published 08 May, 2015 12:00am
Gulf markets slip after Yemen urges ground operation

Gulf markets slip after Yemen urges ground operation

Middle East stock markets edged down on Thursday after Yemen's government called for military intervention on the ground, a move that could further escalate the conflict in which Gulf nations and Egypt are involved. Yemen urged the international community
Published 08 May, 2015 12:00am
Tokyo stocks down

Tokyo stocks down

Tokyo stocks fell 1.23 percent Thursday, following declines on Wall Street which reacted to poor US jobs data and a warning from the Federal Reserve chief about overheating in US stock markets. The Nikkei 225 index at the Tokyo Stock Exchange fell 239.64
Published 08 May, 2015 12:00am
Thursday's early afternoon trade: stocks move higher

Thursday's early afternoon trade: stocks move higher

US stocks moved higher on Thursday afternoon, helped by strong results from Alibaba, a rebound in tech stocks and as upbeat jobless claims data indicated the labour market was improving despite moderate economic growth. The three major indices were poised
Published 08 May, 2015 12:00am
Wall Street weakens on bond rout, Yellen warning

Wall Street weakens on bond rout, Yellen warning

US stocks ended weaker on Wednesday after US Federal Reserve Chair Janet Yellen warned of high valuations, adding to anxiety about future interest rates and a global bond rout. The S&P 500 ended at a low not seen since early April after Yellen said high e
Published 08 May, 2015 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks fell on Thursday, mainly following losses in overseas markets and led by selling in banking and insurance shares. The main TAIEX index fell 0.64 percent to 9,755.07 as of 0222 GMT, after closing down 0.02 percent on Wednesday. Shares of Fubo
Published 08 May, 2015 12:00am
Treasuries slip

Treasuries slip

US Treasuries fell on Wednesday, weighed down by a global slide in government bond markets that pushed yields to 2015 peaks and large bond sales by Apple Inc and Royal Dutch Shell. Longer-maturity Treasuries declined the most, with the yield on the 30-yea
Published 08 May, 2015 12:00am
Treasuries slip

Treasuries slip

US Treasuries fell on Wednesday, weighed down by a global slide in government bond markets that pushed yields to 2015 peaks and large bond sales by Apple Inc and Royal Dutch Shell. Longer-maturity Treasuries declined the most, with the yield on the 30-yea
Published 08 May, 2015 12:00am
Australia, New Zealand shares slide

Australia, New Zealand shares slide

Australian shares fell sharply for a second consecutive session on Thursday as a mixed jobs report added to worries that the central bank's latest rate cut may not be enough to revive business confidence. The S&P/ASX 200 index dropped 0.8 percent or 46.5
Published 08 May, 2015 12:00am
Hang Seng falls for 6th day

Hang Seng falls for 6th day

Hong Kong's benchmark Hang Seng index fell for the sixth consecutive session on Thursday after Morgan Stanley - usually bullish on China - downgraded the MSCI China Index for the first time in 7-1/2 years, citing valuation concerns. Morgan Stanley on Thur
Published 08 May, 2015 12:00am
China stocks stay lower

China stocks stay lower

China stocks posted their third straight day of decline on Thursday, as fears of fresh moves by regulators to reduce leverage in stock trading dampened risk appetite. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 1.8 perce
Published 08 May, 2015 12:00am
Indian shares fall

Indian shares fall

Indian shares fell more than 1 percent on Thursday, on track to close at their lowest level nearly 6-1/2 months on continued selling by foreign investors on worries over retrospective taxes and a delay in land acquisition bill. The share market has lost n
Published 08 May, 2015 12:00am
European shares recover as bond selloff eases

European shares recover as bond selloff eases

European shares closed flat after a late recovery on Thursday as a selloff in government bonds eased and the euro gave up its gains against the dollar, partly helped by some estimate-beating US data. Germany's DAX index, which is heavily export-oriented a
Published 08 May, 2015 12:00am
Sri Lankan shares hit over nine-week high

Sri Lankan shares hit over nine-week high

Sri Lankan shares rose to over nine-week high on Thursday as local investors picked up certain stocks on earning hopes, but foreign investors exited from the island nation's risky assets. The main stock index closed 0.29 percent or 20.61 points firmer at
Published 08 May, 2015 12:00am
Southeast Asian markets: Thai index slips below key 1,500 level

Southeast Asian markets: Thai index slips below key 1,500 level

Thai stock index hit a near six-week low on strong trading volume on Thursday as investors booked quick gains after consumer confidence fell further in April, while most other markets in Southeast Asia extended slides amid fund outflows. Thai benchmark SE
Published 08 May, 2015 12:00am
FTSE slips to one-month lows as Britons head out to vote

FTSE slips to one-month lows as Britons head out to vote

Britain's top share index fell to one-month lows on Thursday as voting got under way in what looks set to be one of the country's closest national elections in decades. With the result uncertain, the vote could yield a weak government, push the world's fi
Published 08 May, 2015 12:00am
Dollar struggles in Asia

Dollar struggles in Asia

The dollar languished near its lowest levels in over two months against a basket of major currencies on Thursday, under renewed pressure from disappointing US data, while sterling braced for volatile trading ahead of an unpredictable UK election. Figures
Published 08 May, 2015 12:00am
Euro slips from ten-week peak in Europe

Euro slips from ten-week peak in Europe

The euro fell from a 10-week peak against the dollar on Thursday, tracking benchmark German bund yields lower as they retreated from a 5-1/2-month high on a choppy day of trading. As Britons voted in the most uncertain elections in decades, the euro stead
Published 08 May, 2015 12:00am
Early trade in New York: Dollar recovers against euro

Early trade in New York: Dollar recovers against euro

The US dollar recovered against the euro on Thursday after German bund yields retreated from their highs for the year and optimism grew that the US employment report for April would show strength after upbeat data on weekly jobless claims. German 10-year
Published 08 May, 2015 12:00am
Dollar plunges against euro in New York

Dollar plunges against euro in New York

The US dollar hit its lowest level against the euro since late February on Wednesday after a rise in European yields drove demand for the euro and weak US data supported expectations that the Federal Reserve will delay hiking interest rates. European yiel
Published 08 May, 2015 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 06.00-7.75 percent (* Previous 06.00-08.00 percent). (* revised).
Published 08 May, 2015 12:00am
Sri Lankan rupee forwards up

Sri Lankan rupee forwards up

Sri Lankan rupee forwards ended slightly firmer as dollar selling by banks outpaced importer demand for the greenback a day after the central bank allowed the spot rupee to fall by 0.23 percent. Actively traded two-month forwards ended at 135.25/40 per do
Published 08 May, 2015 12:00am
Bond sell-off hits Asia FX

Bond sell-off hits Asia FX

Most emerging Asian currencies lost ground on Thursday as a global bond rout lifted government bond yields across the region. The Vietnamese dong slid after the central bank devalued the currency for the second time this year to support exports and curb i
Published 08 May, 2015 12:00am
Short-term cost of hedging sterling swings

Short-term cost of hedging sterling swings

The short-term cost of protection against swings in the British pound jumped to multi-year highs on Thursday, with investors bracing for fresh uncertainty as Britons headed to vote in the most unpredictable general election in decades. Opinion polls ahead
Published 08 May, 2015 12:00am
Aussie up, New Zealand dollar struggles

Aussie up, New Zealand dollar struggles

The Australian dollar held firm on Thursday following a mixed jobs report and with investors cautious ahead of the Reserve Bank of Australia's (RBA) quarterly economic outlook, while the New Zealand dollar struggled near three-week lows. The Aussie edged
Published 08 May, 2015 12:00am
Critics urge NFL to throw book at Brady for 'Deflategate'

Critics urge NFL to throw book at Brady for 'Deflategate'

Criticism mounted Thursday against New England Patriots quarterback Tom Brady - arguably American football's biggest star - over his role in a cheating scandal that threatens to tarnish the league and his own legacy. The National Football League must deci
Published 08 May, 2015 12:00am
Taylor's 'new-era' England face Irish challenge

Taylor's 'new-era' England face Irish challenge

James Taylor leads a much-changed side into what he says is a "new era" for England cricket when they face Ireland in a one-day international at Malahide, near Dublin, on Friday. After their underwhelming performance at the World Cup, when they lost their
Published 08 May, 2015 12:00am
Greece bows to pressure from UEFA, FIFA as violence bill passes

Greece bows to pressure from UEFA, FIFA as violence bill passes

The Greek parliament on Thursday voted into law a controversial bill to curb violence in domestic sports after bowing to pressure for changes from football governing bodies UEFA and FIFA. "Yes, there were last minute changes and the bill is a first step i
Published 08 May, 2015 12:00am
Magical Messi ruins Guardiola homecoming

Magical Messi ruins Guardiola homecoming

Lionel Messi struck twice and set up Neymar in the last 13 minutes as Barcelona beat Bayern Munich 3-0 in the Champions League semi-final first leg, ensuring Pep Guardiola's Camp Nou homecoming ended in misery. On his 100th appearance in European football
Published 08 May, 2015 12:00am
Spain Liga slams 'blackmail' in TV row

Spain Liga slams 'blackmail' in TV row

Spain's football league accused the sport's governors Thursday of holding the lucrative Liga to ransom by threatening to cancel the season's last matches in a high-stakes row over TV rights. The Spanish Football Federation (RFEF) threatened to indefinitel
Published 08 May, 2015 12:00am
Dominant Pakistan take charge of Dhaka Test

Dominant Pakistan take charge of Dhaka Test

Azhar Ali smashed a career-best 226 and Asad Shafiq made 107 before the bowlers rattled Bangladesh's top order to leave Pakistan on top in the second and final Test in Dhaka on Thursday. The pair put on 207 for the fifth wicket as Pakistan posted 557 for
Published 08 May, 2015 12:00am
Kyrgios sends Federer crashing

Kyrgios sends Federer crashing

Australia young gun Nick Kyrgios knocked top seed Roger Federer out of the Madrid Open on Wednesday with a stunning 6-7 (2/7), 7-6 (7/5), 7-6 (14/12) victory. Kyrgios, who beat Rafael Nadal at Wimbledon last year, sent down 22 aces to Federer's 15 and nex
Published 08 May, 2015 12:00am
Murray clinches win - at 3 o'clock in morning

Murray clinches win - at 3 o'clock in morning

Andy Murray made the Madrid Open third round with a 6-4, 3-6, 6-0 win over Philipp Kohlschreiber in a match which ended at 3 o'clock Thursday morning. The second seeded Murray had already defeated his German opponent in three sets in the rain-delayed Muni
Published 08 May, 2015 12:00am
Nadal, Serena, Sharapova move on

Nadal, Serena, Sharapova move on

Rafael Nadal showed no signs of his recent slump in form as he eased past Italy's Simone Bolelli 6-2, 6-2 to reach the quarter-finals of the Madrid Open on Thursday. Women's top seed Serena Williams and defending champion Maria Sharapova also stayed on co
Published 08 May, 2015 12:00am
Burundi clashes as African Union warns against election

Burundi clashes as African Union warns against election

At least four people were killed in Burundi Thursday in clashes over the president's bid for a third term, as the African Union warned it was not possible to hold an election under such conditions. Two were shot by police amid battles between demonstrator
Published 08 May, 2015 12:00am
Turkey pulls envoy from Luxembourg over genocide recognition

Turkey pulls envoy from Luxembourg over genocide recognition

Turkey on Thursday recalled its envoy to Luxembourg to Ankara for consultations after the parliament in the EU member state recognised the mass killings of Armenians in World War I as genocide. The recall of the envoy is the latest such move by Ankara aft
Published 08 May, 2015 12:00am
US appeals court rules NSA bulk data sweep illegal

US appeals court rules NSA bulk data sweep illegal

A US appeals court ruled Thursday that the National Security Agency's massive collection of phone records of Americans is illegal because it exceeds the scope of what Congress authorised. The laws used as a basis for the bulk data collection "have never b
Published 08 May, 2015 12:00am
Rome airport in chaos after fire devastates terminal

Rome airport in chaos after fire devastates terminal

Scores of flights were cancelled and thousands of passengers had their travel plans wrecked Thursday after a fierce fire devastated part of a terminal at Rome's Fiumicino airport. The city's main airport was closed to passengers for several hours after a
Published 08 May, 2015 12:00am
One dead in apparent India athletes' suicide pact

One dead in apparent India athletes' suicide pact

Indian authorities launched an investigation Thursday after a young female athlete apparently killed herself by eating poisonous fruit in a suspected suicide pact following alleged harassment at a state-run sports facility. Police said one girl had died a
Published 08 May, 2015 12:00am
WHO reform needed after Ebola failure

WHO reform needed after Ebola failure

The West African Ebola outbreak highlighted leadership failings of the World Health Organisation (WHO), said analysts Thursday who called for sweeping reforms and a doubling of its budget to prevent "needless" deaths in future. Researchers from the Washin
Published 08 May, 2015 12:00am
Obama ready to work with new government

Obama ready to work with new government

US President Barack Obama on Thursday indicated he is ready to work with Benjamin Netanyahu's new hardline Israeli government, hailing a "deep and abiding partnership" between the two nations despite recent tumult. "President Obama looks forward to workin
Published 08 May, 2015 12:00am
Hardline Israel government emerges, angering Palestinians

Hardline Israel government emerges, angering Palestinians

After reaching a late-night deal on a new coalition, Israel's Benjamin Netanyahu signed an agreement Thursday giving a senior role to the far-right Jewish Home that firmly opposes a Palestinian state. Following six weeks of intensive negotiations, the Isr
Published 08 May, 2015 12:00am
Xi calls Kazakhstan a 'big friend'

Xi calls Kazakhstan a 'big friend'

Chinese President Xi Jinping met his Kazakh counterpart Nursultan Nazarbayev in Astana Thursday, pledging to further a partnership buoyed by agreements for billions of dollars of Chinese investment in the energy-rich Central Asian state. Calling Kazakhsta
Published 08 May, 2015 12:00am
Full military honours for Russian soldiers killed in WWII battle

Full military honours for Russian soldiers killed in WWII battle

Russia on Thursday buried with full military honours the remains of almost 1,000 Soviet soldiers who died in one of the biggest battles on the Eastern Front, two days ahead of its Victory Day celebrations. The 964 soldiers were found at Sinyavino, close t
Published 08 May, 2015 12:00am
Gay Luxembourg Prime Minister to marry partner

Gay Luxembourg Prime Minister to marry partner

Luxembourg Prime Minister Xavier Bettel is to wed his partner Gauthier Destenay next week, sources said Thursday, just a few months after the tiny duchy legalised same-sex marriage. Bettel, who became prime minister in 2013 at the age of just 40, has said
Published 08 May, 2015 12:00am
Iran releases seized Maersk cargo ship

Iran releases seized Maersk cargo ship

Iran has released the Maersk Tigris cargo vessel seized by its patrol boats in the Strait of Hormuz last week over a business dispute, Iranian authorities said Thursday. They said the ship was given permission to leave after Denmark's Maersk group, which
Published 08 May, 2015 12:00am
Contempt case: IHC summons secretary PC

Contempt case: IHC summons secretary PC

Islamabad High Court (IHC) has summoned the secretary planning commission while hearing a contempt case filed by the officials of the ministry of information technology and telecommunication. Justice Noorul Haq N. Qureshi of IHC took up the case filed by
Published 08 May, 2015 12:00am
BISP pioneer for pro-poor policymaking: Marvi

BISP pioneer for pro-poor policymaking: Marvi

Minister of State/Chairperson Benazir Income Support Programme (BISP) MNA Marvi Memon has said that BISP is the pioneer for pro-poor policy making based on quality data obtained through nation-wide poverty score card survey. This survey is first of its ki
Published 08 May, 2015 12:00am
Notification issued Saad no longer an MNA

Notification issued Saad no longer an MNA

The Election Commission of Pakistan (ECP) on Thursday issued a notification for annulment of Pakistan Muslim League - Nawaz (PML-N) leader Khawaja Saad Rafiq's membership from the National Assembly (NA). The commission also denotified the membership of Mi
Published 08 May, 2015 12:00am
CIA apprehends kidnappers in Swabi

CIA apprehends kidnappers in Swabi

Central Intelligence Agency (CIA) and high profile crime unit on Thursday nabbed a four-member group from Swabi for kidnapping a three-year-old minor for ransom. According to CIA sources, the suspects were arrested from the suburb of Sawabi in a case of a
Published 08 May, 2015 12:00am
Senate calls for making Pakistan a welfare state

Senate calls for making Pakistan a welfare state

The upper house of parliament on Thursday called for taking concrete measures for making Pakistan a welfare state, as it has been turned into a security driven state where violation of human rights, corruption and lawlessness has become a routine matter.
Published 08 May, 2015 12:00am
'Export of Pakistani products soars after grant of GSP plus status'

'Export of Pakistani products soars after grant of GSP plus status'

Head of GSP Plus Monitoring Mission Alina Boiciuc has said the export of Pakistani products to EU countries has increased after granting the Generalised System Preferences (GPS) Plus status to the country. She stated this while speaking at a meeting with
Published 08 May, 2015 12:00am
First three-day Youth Carnival commences at IST

First three-day Youth Carnival commences at IST

First Youth Carnival commenced at Institute of Space Technology (IST) on Thursday, which is spread over three days from May 7 to 9. It is one of the largest event nation-wide featuring about 60 events with the participation of more than 50 universities fr
Published 08 May, 2015 12:00am
Jubilee Insurance begins Window Takaful Operations

Jubilee Insurance begins Window Takaful Operations

Jubilee General, the leading and highest rated General Insurance Company in Pakistan (AA+ both by JCR-VIS & Pacra and B++ by AM Best) has launched its Window Takaful Operations on Thursday. The Company's Chairman, Towfiq H Chinoy performed the inauguratio
Published 08 May, 2015 12:00am
Training course: KCAA asked to nominate 150 clearing agents

Training course: KCAA asked to nominate 150 clearing agents

Directorate General of Training Research of Customs department has asked Karachi Customs Agents Association (KCAA) to nominate 150 clearing agents for training course. According to a letter sent to KCAA, the six working-day mandatory course would be start
Published 08 May, 2015 12:00am
Rs 874.566 million recovered during four months: NAB Karachi

Rs 874.566 million recovered during four months: NAB Karachi

National Accountability Bureau (NAB), Karachi Bureau claimed to have recovered Rs 874.566 million during last four months. This was informed by Director General NAB Karachi Lieutenant Colonel Siraj-ul-Naeem (Retd) to chairman NAB Qamar Zaman Chaudhry duri
Published 08 May, 2015 12:00am
Engro Corp board reshuffled

Engro Corp board reshuffled

Engro Corporation, one of the country's leading business conglomerates, has got its board of directors reshuffled, says a company notice issued Thursday. In its 49th Annual General Meeting, the company's board elected as directors Hussain Dawood, Muhammad
Published 08 May, 2015 12:00am
IGI to divest 10 percent stakes in Treet Corp

IGI to divest 10 percent stakes in Treet Corp

IGI Insurance Limited is disposing of its 10 percent shareholdings in Treet Corporation, the country's sole manufacturer of shaving blades and razors. According to a KSE notice, the board of directors of the insurance company has adopted a resolution unde
Published 08 May, 2015 12:00am
Budget Fiscal Year 2016: KCCI makes key proposals

Budget Fiscal Year 2016: KCCI makes key proposals

Karachi Chamber of Commerce and Industry (KCCI) has suggested that policy-making process and tax legislation should be separated from enforcement and administration. According to the KCCI, its tax proposals are aimed at bringing the tax regime in line wit
Published 08 May, 2015 12:00am
Budget Fiscal Year 2016: KCCI makes key proposals

Budget Fiscal Year 2016: KCCI makes key proposals

Karachi Chamber of Commerce and Industry (KCCI) has suggested that policy-making process and tax legislation should be separated from enforcement and administration. According to the KCCI, its tax proposals are aimed at bringing the tax regime in line wit
Published 08 May, 2015 12:00am
Speakers call for promoting responsible journalism

Speakers call for promoting responsible journalism

Media should enjoy freedom but with responsibility in order to promote national harmony. This was the crux of a conference on 'Media Responsibility & Independence Index 2015', organised by IoBM in collaboration with USAID at a hotel, here on Thursday. Spe
Published 08 May, 2015 12:00am
Two killed in Karachi

Two killed in Karachi

Two persons were killed in different incidents of violence in the metropolis on Thursday. Osama, 25, was gunned down by unknown armed men in Lyari. The body was shifted to Civil Hospital Karachi (CHK) for autopsy. In another incident, a strangulated body
Published 08 May, 2015 12:00am
PBIF chief urges government to declare water emergency

PBIF chief urges government to declare water emergency

Pakistan Businessmen and Intellectuals Forum's (PBIF) president Mian Zahid Hussain has called for declaring water emergency in the city. He also demanded privatisation of Karachi Water and Sewerage Board (KWSB), saying the water utility has failed to beco
Published 08 May, 2015 12:00am
Traffic-related issues discussed

Traffic-related issues discussed

City Traffic Police Officer Tayyub Hafeez Cheema met with Chief Executive Officer of Lahore Transport Company Khawaja Haider Latif here on Thursday and discussed traffic related issues. Officer Hafeez has said that while taking certain measures for smooth
Published 08 May, 2015 12:00am
Cigarette packs: KP farmers resent move to increase size of 'GHW'

Cigarette packs: KP farmers resent move to increase size of 'GHW'

Farmers of KP have strongly resented the announcement of Ministry of Health to increase the size of health warning (GHW) on cigarette packs to 85 percent, as tobacco purchasing season is starting from June. Experts have calculated the economic cost of imp
Published 08 May, 2015 12:00am
NA-122: Imran says next week crucial

NA-122: Imran says next week crucial

Pakistan Tehreek-e-Insaf chief Imran Khan said on Thursday that next week is crucial for decision of NA-122 as it would become clear whether Speaker National Assembly Sardar Ayaz Sadiq is going to lose his seat due to the rigging. Talking to media persons
Published 08 May, 2015 12:00am
FED on beverages may be increased in budget

FED on beverages may be increased in budget

The government is likely to increase federal excise duty (FED) on beverages from 6 to 9 percent in the upcoming budget (2015-16) without creating any negative impression on the industry. Sources told Business Recorder here on Thursday that the budg
Published 08 May, 2015 12:00am
KMU, AEME ink memo to hold mega conference next year

KMU, AEME ink memo to hold mega conference next year

A memorandum of understanding (MoU) was inked between Khyber Medical University (KMU) and Association for Excellence in Medical Institutions (AEME) - an Islamabad based non-government body working in the field of Medical Education - here on Thursday. Acco
Published 08 May, 2015 12:00am
Previous Day