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Print - 2015-05-15
MCB Bank signs MoU with Emirates Airline

MCB Bank signs MoU with Emirates Airline

MCB Bank Limited (MCB) collaborates with Emirates Airline to provide up to 8 percent discount on round trip tickets booked through MCB credit card. As per the MoU, Emirates Airline has agreed to offer 5 percent discount for Emirates Business Class and 8 p
Published 15 May, 2015 12:00am
UNHCR commits for Afghan Refugees repatriation

UNHCR commits for Afghan Refugees repatriation

The United Nations High Commissioner for Refugees (UNHCR), Antonio Guterres has said that the UNHCR is committed to creating conditions conducive to sustainable repatriation of Afghans still in Pakistan and Iran. On a two-day visit to the country to revie
Published 15 May, 2015 12:00am
City mourns Karachi carnage victims

City mourns Karachi carnage victims

Trade and commercial activities remained suspended in the city on Thursday to mourn the deaths of Ismaili community members who were killed in Wednesday's terrorists attack in Safoora Goth. Educational institutions also remained closed and examinations we
Published 15 May, 2015 12:00am
New BMW 3 Series to be launched in November

New BMW 3 Series to be launched in November

Celebrating four decades of sheer driving pleasure, the new BMW 3 Series is set to debut in showrooms across Pakistan in November this year. An automotive icon for 40 years and across six model generations, the new-look BMW 3 Series features a sharper and
Published 15 May, 2015 12:00am
AIT organizes 8th Engineering and IT Fair

AIT organizes 8th Engineering and IT Fair

Aligarh Institute of Technology organized a very impressive 8th Engineering & IT Fair 2015 that showcased more than 300 innovative projects, designed and produced by the students. The event was inaugurated by the Chancellor Engr. Muhammad Adil Usman and i
Published 15 May, 2015 12:00am
Pakistan condemns Kabul attack

Pakistan condemns Kabul attack

Pakistan on Thursday strongly condemned the terrorist attack at a hotel in Kabul Wednesday night that killed a number of civilians, including two Pakistani nationals who were working in Afghanistan. "Such deliberate attacks on innocent civilians are highl
Published 15 May, 2015 12:00am
UN Economic and Social Survey: Economy growing despite imbalances

UN Economic and Social Survey: Economy growing despite imbalances

"Economic growth of Pakistan is expected to improve in the coming years, partly due to government's major efforts to address electricity shortages and other infrastructural bottlenecks. However, there is urgent need to make this growth more inclusive and
Published 15 May, 2015 12:00am
Malala Fund to finance education of poor in AJK

Malala Fund to finance education of poor in AJK

The International Fund established by renowned Pakistani girl Malala Yousafzai, for raising girls literacy and education in Pakistan, has decided to finance education expenses of poor children in Azad Kashmir, said UNESCO representative. Viki Jonson, Dire
Published 15 May, 2015 12:00am
Massacre of Ismailis: scholars flay Islamic State's role, world view

Massacre of Ismailis: scholars flay Islamic State's role, world view

If a handout perceivably issued by the Islamic State (IS) is to go by, the self-styled Islamists carried out Wednesday's bloodbath in a passenger bus transporting members of Ismaili community to mark their entry into a battlefield for "retribution" and "i
Published 15 May, 2015 12:00am
MA Pass results announced

MA Pass results announced

Sindh University Controller of Examinations Ghulam Murtaza Siyal has announced the results of MA Pass (Final), Annual Examinations 2014 here on Thursday. According to a press statement issues here, a total number of 8,675 candidates got their forms filled
Published 15 May, 2015 12:00am
PBIF President condemns attack

PBIF President condemns attack

Pakistan Businessmen and Intellectuals Forum (PBIF) President Mian Zahid Hussain has urged the government to provide a fool-proof security to soft targets to foil the nefarious designs of terrorists. Condemning the brutal and tragic attack on peaceful Ism
Published 15 May, 2015 12:00am
Victims of Safoora massacre laid to rest

Victims of Safoora massacre laid to rest

Funeral prayers of the 44 victims of the Safoora Goth massacre were offered and on Thursday morning at Al-Azhar Garden colony. With tears and overwhelming grief, friends and relatives performed the last rituals of the 44 ill-fated men and women who were g
Published 15 May, 2015 12:00am
Two terrorist groups operating in Karachi: AIG

Two terrorist groups operating in Karachi: AIG

The government on Thursday formed a committee comprising senior police officers to investigate into the killings of Ismaili community members the other day. Karachi Police's Additional Inspector-General (AIG) Ghulam Qadir Thebo said it was clear that two
Published 15 May, 2015 12:00am
Karachi bus attack widely condemned

Karachi bus attack widely condemned

Human Rights Commission of Pakistan (HRCP), Women Action Forum (WAF), media and other segments of society held a protest demonstration here on Thursday evening to condemn and mourn the Safoora Goth carnage in Karachi and demanded immediate action for the
Published 15 May, 2015 12:00am
Senseless killings tarnishing Karachi's image abroad: businesspeople

Senseless killings tarnishing Karachi's image abroad: businesspeople

The industrial and business community has urged the government to take appropriate measures to bring an end to killings of innocent people, doctors, professors and other people as the poor law and situation was tarnishing the image of the metropolis. More
Published 15 May, 2015 12:00am
Meezan Bank, IBP hold seminar on Islamic banking

Meezan Bank, IBP hold seminar on Islamic banking

Meezan Bank, Pakistan's first and largest Islamic bank and Institute of Bankers, Pakistan (IBP), jointly organized a public awareness seminar on the 'Concepts of Islamic Banking' at IBP's auditorium. Objective of the seminar was to increase awareness and
Published 15 May, 2015 12:00am
70 suspects held in Karachi

70 suspects held in Karachi

Rangers on Thursday arrested 70 suspects during targeted raids in Sohrab Goth, Memon Hospital surroundings, Lassi Goth, Ayub Goth, Machar Colony, Afghan Basti, Faqira Goth, Janjal Goth and Jamali Goth. It also raided at suspected hideouts of banned outfit
Published 15 May, 2015 12:00am
POF holds national harmony workshop

POF holds national harmony workshop

The participants of National Harmony Workshop 2015 ongoing at National Defence University, Islamabad under the leadership of Professor Dr Pervaiz Iqbal Cheema (Dean FCS) visited POF on Thursday. On arrival at POF they were received by Muhammad Rizwan Dire
Published 15 May, 2015 12:00am
Finance Bill (2015): Amendment proposed to prohibit giveaways to doctors

Finance Bill (2015): Amendment proposed to prohibit giveaways to doctors

The Federal Board of Revenue (FBR) is reviewing a budget proposal for Finance Bill (2015) to prohibit expenditure incurred by pharmaceutical companies in the form of gifts, foreign travel and other giveaways to doctors for promoting healthy and lawful com
Published 15 May, 2015 12:00am
Insurers and policyholders: SECP approves publication of proposed rules

Insurers and policyholders: SECP approves publication of proposed rules

The Securities and Exchange Commission of Pakistan (SECP) has approved the publication of proposed rules, envisaging the formation of committees for resolution of small disputes between the insurers and the policyholders. Through these rules, three commit
Published 15 May, 2015 12:00am
PBC proposes electronic cess on new cars, cellphones

PBC proposes electronic cess on new cars, cellphones

Pakistan Broadcasting Corporation (PBC) has proposed electronic cess on registration of new vehicles or imported vehicles and purchase of new mobile phones to meet the Rs 4 billion annual deficit. Director General Imran Gardezi informed the sub-committee
Published 15 May, 2015 12:00am
Warid launches LTE services in Murree

Warid launches LTE services in Murree

Warid Telecom, Pakistan's largest and fastest growing LTE network, recently announced the launch of its LTE services in Murree. Having covered eight major cities, the company is aggressively working to expand its LTE footprint in Pakistan. With the initia
Published 15 May, 2015 12:00am
Maleeha urges UNSC to address causes of conflicts

Maleeha urges UNSC to address causes of conflicts

Pakistan's Ambassador to the UN, Maleeha Lodhi has urged the Security Council to address the causes and not just the instruments of conflict. "This means going beyond managing conflicts or its manifestation and investing more in preventing and resolving c
Published 15 May, 2015 12:00am
KP Police arrest 457 suspects under NAP

KP Police arrest 457 suspects under NAP

Khyber Pakhtunkhwa KP police had rounded up 457 suspects and recovered huge arms and ammunition during search and strike operation, conducted under National Action Plan (NAP) throughout the province. During the operation conducted in different parts of th
Published 15 May, 2015 12:00am
President for resolving issue of Kuwaiti ban on visas

President for resolving issue of Kuwaiti ban on visas

President Mamnoon Hussain on Thursday urged on resolving the issue of Kuwaiti ban on visas for Pakistani nationals. The President said this in a meeting with speaker of the National Assembly of Kuwait Marzouq Ali M Al-Ghanim, who called on him along with
Published 15 May, 2015 12:00am
LUMHS holds seminar on drug abuse

LUMHS holds seminar on drug abuse

A seminar on "Drug Abuse Prevention among Youth" was arranged by Liaquat University of Medical & Health Sciences Jamshoro in collaboration with Narcotics Control Division, Ministry of Interior & Narcotics Control Islamabad. Addressing a large number of st
Published 15 May, 2015 12:00am
Scourge of terrorism taking last breath: President

Scourge of terrorism taking last breath: President

President Mamnoon Hussain on Thursday said that the scourge of terrorism was taking its last breath owing to effective actions by the state against the terrorists. He said that Wednesday's tragic incident in Karachi showed desperation of terrorists. The P
Published 15 May, 2015 12:00am
Khushhali Bank launches ATM/Debit Card

Khushhali Bank launches ATM/Debit Card

Khushhali Bank Ltd (KBL) recently announced the launch of its "Khushhali ATM/Debit Card" as part of its efforts to address the growing need of its emergent customer base. Currently the bank will issue the ATM/Debit card to its customers as part of KBL's l
Published 15 May, 2015 12:00am
GEIC summons three more witnesses

GEIC summons three more witnesses

Chairman of the three-member General Election 2013 Inquiry Commission (GEIC), Chief Justice Nasirul Mulk, on Thursday summoned three witnesses after recording testimony of former Provincial Election Commissioner Punjab Mehboob Anwar. During the course of
Published 15 May, 2015 12:00am
Japan provides $4.2 million NPGA to Pakistan

Japan provides $4.2 million NPGA to Pakistan

Japan has agreed to extend to Pakistan a Non-Project Grant Aid (NPGA) of 500 million Japanese Yen (approximately $4.2 million for providing machinery and equipment for technical education and well drilling rigs made by Japanese Small and Medium Enterprise
Published 15 May, 2015 12:00am
KP government recovers properties worth Rs one billion from land mafia

KP government recovers properties worth Rs one billion from land mafia

-KP Chief Minister, Pervez Khatak said besides taking measures to curb corruption, the provincial government has recovered properties worth more than Rs 1 billion from land mafia and another amount of Rs 500 million from others. In a statement issued here
Published 15 May, 2015 12:00am
Peace in Karachi: Imran calls for training police on modern lines

Peace in Karachi: Imran calls for training police on modern lines

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Thursday said that permanent peace in Karachi cannot be achieved until the police was trained on modern lines. He said this while talking to reporters outside the Supreme Court of Pakistan, where he al
Published 15 May, 2015 12:00am
Two bodies recovered in Panjgur

Two bodies recovered in Panjgur

Two bullet riddled bodies of unidentified persons were recovered here on Thursday. Police said that unknown murderers had shot dead two persons and dumped their bodies in Tasp area of Panjgur district of Balochistan. The bodies were shifted to hospital fo
Published 15 May, 2015 12:00am
25 miscreants kidnap two coal miners

25 miscreants kidnap two coal miners

At least 25 miscreants on late Wednesday night kidnapped at least two labourers from the local coal mine in Sharag area and set the equipment on fire. According to the sources, more than 25 armed men entered a coal mine in Sharag area of Harnai Tehsil and
Published 15 May, 2015 12:00am
ATC directs Mirza to record statement at Darakhshan PS

ATC directs Mirza to record statement at Darakhshan PS

While announcing a verdict on two pleas filed by ex-home minister Dr Zulfiqar Mirza, an Anti-Terrorism Court (ATC) on Thursday pronounced its verdict on both the pleas filed, dismissing one and directing him to record a statement at Darakhshan police stat
Published 15 May, 2015 12:00am
PIA flight escapes untoward incident

PIA flight escapes untoward incident

The flight PK-517 of Pakistan International Airline (PIA) has survived from an untoward incident at Karachi Airport, here on Thursday. According to sources, PIA flight PK-517, which was scheduled from Karachi to Panjgoor, has caught technical faults durin
Published 15 May, 2015 12:00am
US-based Pak veterinarian visits UAP

US-based Pak veterinarian visits UAP

Dr Inayat Hussain Kathio, a world renowned US based Pakistani veterinarian has visited Faculty of Animal Husbandry and Veterinary Sciences, the University of Agriculture Peshawar (UAP), here on Thursday. The Dean Faculty of Animal Husbandry and Veterinary
Published 15 May, 2015 12:00am
PEF launches pilot of 'school improvement programme'

PEF launches pilot of 'school improvement programme'

The Punjab Education Foundation (PEF) has formally launched the pilot of a 'school improvement programme' to help academically weak partners to improve their academics and start providing quality education to students. Up to 110 needy partner schools from
Published 15 May, 2015 12:00am
LCCI urges government to focus on depleting water resources

LCCI urges government to focus on depleting water resources

The Lahore Chamber of Commerce and Industry, in the second edition of its quarterly journal Economic Outlook, has urged the government to do something about depleting water resources that could put the country's growth on stake in the coming years. In its
Published 15 May, 2015 12:00am
Punjab security situation reviewed

Punjab security situation reviewed

Punjab Chief Minister Muhammad Shahbaz Sharif presided over a high level meeting here on Thursday which strongly condemned the firing on the bus of Ismaili community and prayed for the deceased. The participants of the meeting sympathised with the bereave
Published 15 May, 2015 12:00am
Punjab growth rate to be raised to 8 percent in four years: Shuja

Punjab growth rate to be raised to 8 percent in four years: Shuja

Provincial Minister for Law, Excise & Taxation, Finance Mujtaba Shuja ur Rehman has said that growth rate of Punjab will be increased to eight percent during next four years and in result of it, more than seven million people will be able to live above th
Published 15 May, 2015 12:00am
EU Trade Office of GSP Programme team visits APTMA

EU Trade Office of GSP Programme team visits APTMA

A delegation of the European Union Trade Office of Generalised System of Preferences Programme visited the All Pakistan Textile Mills Association (APTMA) and reviewed the benefits of generalised system of preferences plus facility to Pakistan and the prog
Published 15 May, 2015 12:00am
ADB agrees to cooperate in different sectors in Punjab

ADB agrees to cooperate in different sectors in Punjab

A delegation of Asian Development Bank (ADB) led by its Vice President Wencai Zhang called on Punjab Chief Minister Muhammad Shahbaz Sharif here on Thursday. It was agreed in the meeting to promote co-operation between Punjab government and ADB in skill d
Published 15 May, 2015 12:00am
ADB agrees to cooperate in different sectors in Punjab

ADB agrees to cooperate in different sectors in Punjab

A delegation of Asian Development Bank (ADB) led by its Vice President Wencai Zhang called on Punjab Chief Minister Muhammad Shahbaz Sharif here on Thursday. It was agreed in the meeting to promote co-operation between Punjab government and ADB in skill d
Published 15 May, 2015 12:00am
Shahbaz approves Ramazan Package

Shahbaz approves Ramazan Package

Punjab Chief Minister Shahbaz Sharif has given approval to Ramazan Package for providing relief to the people of the province. Under the Ramazan Package, flour bags will be provided to the citizens at concessionary rate in Ramazan Bazars and open market a
Published 15 May, 2015 12:00am
Australia praised for extending aid to Pakistani partners

Australia praised for extending aid to Pakistani partners

Australia is eager to help Pakistani farmers to raise their income and create new employment opportunities through value chain improvement and transfer of Australian knowledge and expertise to key sectors of Pakistan agribusiness aiming at increasing the
Published 15 May, 2015 12:00am
PTI government following charter of good governance in KP: Khattak

PTI government following charter of good governance in KP: Khattak

The PTI was mandated into power in Khyber Pakhtunkhwa for the reformation of the system, elimination of corruption and establishment of good governance and for the achievement of these objectives it has initiated a charter of good governance, said KP Chie
Published 15 May, 2015 12:00am
Consumers urged to save energy

Consumers urged to save energy

Peshawar Electricity Supply Company (PESCO) has requested for energy conservation by the consumers in the current power crisis. The power company is taking all possible measures to facilitate the public, however public is requested, to conserve energy by
Published 15 May, 2015 12:00am
KP IGP suspends two sub-inspectors

KP IGP suspends two sub-inspectors

The Inspector General of Police (IGP) Khyber Pakhtunkhwa Nasir Khan Durrani has suspended two sub inspectors of Pabbi police station with immediate effect and ordered departmental enquiry against them. According to details a citizen of Banda Nabi, distric
Published 15 May, 2015 12:00am
National Assembly body passes Publication of Holy Quran Bill 2013

National Assembly body passes Publication of Holy Quran Bill 2013

The National Assembly's Standing Committee on Religious Affairs and Interfaith Harmony on Thursday passed the Publication of Holy Quran (Elimination of Printing and recording Errors) Bill 2013 moved by Major Tahir Iqbal (Retd). The committee met here unde
Published 15 May, 2015 12:00am
LHC judge seeks payment of pension

LHC judge seeks payment of pension

A Lahore High Court judge has passed on a petition by a former judge Muhammad Arshad Jahangir to the chief justice to consult a full bench seeking the payment of pension. Petitioner Counsel Malik Awais told the court on Thursday that former judge Jahangir
Published 15 May, 2015 12:00am
Zardari calls on Prime Minister

Zardari calls on Prime Minister

Former President Asif Ali Zardari called on Prime Minister Muhammad Nawaz Sharif at the PM House, here on Thursday. Federal Minister for Finance, Ishaq Dar, Murad Shah and Saleem Mandwivala also attended the meeting. Overall political situation, developme
Published 15 May, 2015 12:00am
Another polio case surfaces in KP

Another polio case surfaces in KP

Another polio case surfaced here on Thursday after which the tally has mounted to 94. Khyber Pakhtunkhwa (KP) health department sources said that a three-year-old boy hailing from Matta area of district Swat and currently residing in Charsadda was found a
Published 15 May, 2015 12:00am
Two leading tractor makers raise prices ahead of budget

Two leading tractor makers raise prices ahead of budget

Two leading local tractor manufacturers - Millat Tractors and Al-Ghazi Tractors - have reportedly decided to increase prices of tractors weeks before announcement of federal budget for the fiscal year 2015-6. Well-informed sources told Business Recorde
Published 15 May, 2015 12:00am
Tevta seeks effective role of District BoM

Tevta seeks effective role of District BoM

"The District Board of Management can play vital role in promoting technical education and vocational training across the Punjab. The Technical and Vocational Training Authority (Tevta) is successfully introducing new short courses with recommendations of
Published 15 May, 2015 12:00am
Cigarette industry: 'FBR should tie revenue projections to market share'

Cigarette industry: 'FBR should tie revenue projections to market share'

A leading cigarette manufacturer Thursday conveyed to the Federal Board of Revenue (FBR) that revenue projections for documented industry for 2015-16 should be set taking into account expansion of market share, up to 24 percent of informal sector, which c
Published 15 May, 2015 12:00am
$341 million skimmed milk powder imported in three years

$341 million skimmed milk powder imported in three years

Despite being world's third largest milk producing country, Pakistan has imported $341 million skimmed milk powder and whey powder in three years ie 2012, 2013 and 2014. According to UN Comtrade database, Pakistan imported in 2012 approximately 35 million
Published 15 May, 2015 12:00am
Peace in Karachi

Peace in Karachi

After some interval, the monster of "targeted killings" has reared its ugly head again in Karachi, the city of teeming millions. Some few days ago, so-called "unidentified gunmen" targeted police officers. The 'target killers' also killed others who inclu
Published 15 May, 2015 12:00am
Fund managers make big bet on high-end malls via Simon

Fund managers make big bet on high-end malls via Simon

Even as the rise of online retailers such as Amazon.com Inc leads analysts to predict the eventual death of the American shopping mall, real estate fund managers are betting some will prosper - if they can lure the right kind of consumer. Simon Property G
Published 15 May, 2015 12:00am
Banks aggravating income inequalities

Banks aggravating income inequalities

Income inequality of varying degree is an in-built feature of economies where private sector and price mechanism play a decisive role in the allocation of resources for economic development. Even in the USA, the strongest and the largest economy in the wo
Published 15 May, 2015 12:00am
Budget proposals - VI: No SROs please!

Budget proposals - VI: No SROs please!

The Finance Minister, Senator Ishaq Dar, in a press conference held on May 11, 2015, claimed that through recently-promulgated Finance (Amendment) Ordinance, 2015, power of Federal Board of Revenue (FBR) to grant concessions/exemptions through Statutory R
Published 15 May, 2015 12:00am
APC on CPEC

APC on CPEC

The China-Pakistan Economic Corridor is a reality; it was conveyed directly to the people of Pakistan by none else but President Xi Jinping and that it would benefit 'all parts' of the country but confusion persisted. There were doubts, concerns and appre
Published 15 May, 2015 12:00am
Criticality of RD on imported steel

Criticality of RD on imported steel

The Pakistan Steel Mills (PSM) has formally approached the National Tariff Commission seeking the imposition of an anti-dumping duty on import of steel products particularly hot rolled colls (HRCs) from China. The reason for the demand: PSM manufactured H
Published 15 May, 2015 12:00am
Cotton gains on weaker dollar after export sales report

Cotton gains on weaker dollar after export sales report

ICE cotton futures rose to their highest levels in more than a week on Thursday, boosted by a weaker US dollar after a weekly US government export sales report showed an increase in new sales over the prior week. "The dollar is in more of a retreat mode,"
Published 15 May, 2015 12:00am
Shanghai copper slips

Shanghai copper slips

The most-traded July copper contract on the Shanghai Futures Exchange slipped 0.4 percent to 45,910 yuan ($7,403.05) a tonne on Thursday. Shanghai nickel slid by nearly 3 percent as traders noted speculation that the ShFE will register global brands for d
Published 15 May, 2015 12:00am
Nickel falls as inventories rise

Nickel falls as inventories rise

Nickel fell on Thursday on concern about excess supply after a rise in inventories increased, with further pressure coming from a slide in Shanghai futures. Most other metals also declined, but losses were limited by a weaker dollar and the possibility th
Published 15 May, 2015 12:00am
Oil down on ample supply as June Brent expires

Oil down on ample supply as June Brent expires

Oil futures pulled back on Thursday as ample global supply weighed on prices while Brent's front-month June contract headed to expiration. Trading was choppy as market participants tried to square bullish factors, including recent drops in US inventories,
Published 15 May, 2015 12:00am
Strategie raises EU wheat harvest on good crop conditions

Strategie raises EU wheat harvest on good crop conditions

Consultancy Strategie Grains on Thursday increased its monthly forecast of this year's soft wheat harvest in the European Union by 1.2 million tonnes to 142.6 million tonnes due to favourable growing conditions in the 28-country bloc. The raised estimate
Published 15 May, 2015 12:00am
Rubber dips

Rubber dips

Benchmark Tokyo rubber futures dropped to a 1-week low on Thursday, retreating from a near 13-month high, as a sharp fall in Shanghai futures and the yen's strength against the dollar led investors to book profits, dealers said. The Tokyo Commodity Exchan
Published 15 May, 2015 12:00am
Soya, wheat and corn post light gains

Soya, wheat and corn post light gains

US soyabean futures rose slightly on short-covering on Wednesday after falling nearly 2 percent a day earlier when a US Agriculture Department report projected domestic soya stocks would rise to a nine-year high. Wheat and corn futures also edged higher o
Published 15 May, 2015 12:00am
Palm oil rises

Palm oil rises

Malaysian palm oil futures closed higher on Thursday, reversing losses in the morning session as anticipation over strong export data in the first half of May underpinned the contract. Palm had climbed to its strongest since April 6 on Wednesday on worrie
Published 15 May, 2015 12:00am
New York cocoa rises, sugar extends losses

New York cocoa rises, sugar extends losses

New York cocoa on ICE rose for a sixth day running on Thursday, trading at the highest level in nearly seven months, buoyed by chart-based buying and sterling's steady rise to its highest against the dollar this year. Raw sugar futures extended losses aft
Published 15 May, 2015 12:00am
The Weather

The Weather

The weather report on Thursday (May 14, 2015) and the forecast for Friday (May 15, 2015).

Published 15 May, 2015 12:00am
Gold jumps in New York

Gold jumps in New York

Gold jumped 2 percent on Wednesday, rising well above $1,200 an ounce to a five-week high as the dollar hit a three-month low after disappointing US employment data. US retail sales were also unchanged in April as households cut back on purchases of autom
Published 15 May, 2015 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 15 May, 2015 12:00am
Gold steady in Asia

Gold steady in Asia

Gold hovered near a five-week high on Thursday after jumping overnight following sluggish US retail sales data that triggered speculation the Federal Reserve would not raise interest rates soon. Spot gold was steady at $1,214.10 an ounce by 0603 GMT, near
Published 15 May, 2015 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 15 May, 2015 12:00am
Gold hits three-month high in Europe

Gold hits three-month high in Europe

Gold hit a three-month high on Thursday as the dollar came under pressure following a new batch of mixed US data that pushed back expectations of when interest rates in the world's largest economy will rise. Initial claims for state unemployment benefits
Published 15 May, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (May 14, 2015).

Published 15 May, 2015 12:00am
US MIDDAY: wheat soars

US MIDDAY: wheat soars

US wheat futures surged about 6 percent on Thursday as a softer dollar inspired funds to cover short positions, analysts said. Corn followed wheat higher while soyabeans sagged after a private forecast for record-high US soyabean plantings. At the Chicago
Published 15 May, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (May 14, 2015)

Published 15 May, 2015 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold hit a three-month high early on Thursday as the dollar came under pressure following a new batch of mixed US data that pushed back expectations of when interest rates in the world's largest economy will rise. Spot gold rose to the highest since Febru
Published 15 May, 2015 12:00am
Issues raised by KPK referred to bodies

Issues raised by KPK referred to bodies

Chairman Senate Raza Rabbani on Thursday referred to different committees some 33 issues forwarded to him by chief minister Pervez Khattak. Referring to a recent protest by KP provincial assembly lawmakers against the centre for allegedly depriving them o
Published 15 May, 2015 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (May 14, 2015).

Published 15 May, 2015 12:00am
Issues raised by KPK referred to bodies

Issues raised by KPK referred to bodies

Chairman Senate Raza Rabbani on Thursday referred to different committees some 33 issues forwarded to him by chief minister Pervez Khattak. Referring to a recent protest by KP provincial assembly lawmakers against the centre for allegedly depriving them o
Published 15 May, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 14, 2015).

Published 15 May, 2015 12:00am
Issues raised by KPK referred to bodies

Issues raised by KPK referred to bodies

Chairman Senate Raza Rabbani on Thursday referred to different committees some 33 issues forwarded to him by chief minister Pervez Khattak. Referring to a recent protest by KP provincial assembly lawmakers against the centre for allegedly depriving them o
Published 15 May, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (May 14, 2015).

Published 15 May, 2015 12:00am
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