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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-05-16
Euro retreats from three-month high in Europe
Currency

Euro retreats from three-month high in Europe

The euro fell below $1.14 on Friday, its first drop after three days of gains, as a recent spike in German Bund yields stalled, while dollar buyers eyed US data for clues on whether the economy was recovering from its winter chill. Traders said speculator
Published 16 May, 2015 12:00am
Early trade in New York: Dollar index hovers near four-month low

Early trade in New York: Dollar index hovers near four-month low

The dollar index slipped on Friday, putting it on track to fall for a fifth week, the longest stretch of declines in four years, as disappointing data on domestic factory activity and consumer sentiment stirred doubts about the US economic growth. Earlier
Published 16 May, 2015 12:00am
Dollar index holds near lowest since January
Currency

Dollar index holds near lowest since January

The US dollar held near its lowest since January against a currency basket on Thursday after soft US producer prices data challenged hopes for better US economic growth and supported the view that the Federal Reserve would delay hiking interest rates. The
Published 16 May, 2015 12:00am
Sri Lankan rupee forwards rise
Currency

Sri Lankan rupee forwards rise

Sri Lankan rupee forwards gained slightly on Friday due to stock-related dollar inflows, dealers said, while the country's central bank in a surprise move let the spot currency rise 10 cents, after allowing it to trade up 10 cents on Wednesday. The centra
Published 16 May, 2015 12:00am
Fed rate hike doubts support Asia FX
Currency

Fed rate hike doubts support Asia FX

Most emerging Asian currencies rose on Friday to see weekly gains on growing expectations the US Federal Reserve will delay interest rate hikes after soft economic data. Malaysia's ringgit hovered near a two-week high as the economy grew at a faster-than-
Published 16 May, 2015 12:00am
New Zealand dollar dips, Aussie pulls back
Currency

New Zealand dollar dips, Aussie pulls back

The New Zealand dollar dropped on Friday after dairy giant Fonterra surprised markets by revising down its supply forecast, dragging the Australian dollar lower. The New Zealand dollar slipped to $0.7474, having touched a one-week high of $0.7564 on Thurs
Published 16 May, 2015 12:00am
South African rand rises
Currency

South African rand rises

The South African rand erased early losses against the greenback on Friday and was on track for a fourth straight daily gain after weak US data knocked the dollar back. Analysts said hopes of a wage deal in South Africa's public sector also provided a fil
Published 16 May, 2015 12:00am
Indian shares mark second weekly gain

Indian shares mark second weekly gain

Indian shares rose on Friday, marking their second weekly gain, led by lenders such as State Bank of India after the government defended its reforms approach and on continued hopes the central bank would lower interest rates in June. The benchmark BSE ind
Published 16 May, 2015 12:00am
TSX halts three-day slide

TSX halts three-day slide

Canada's main stock index broke a three-day slide on Thursday in a broad rally in which gold miners gained on higher bullion prices as the US dollar weakened, but the heavyweight oil and gas sector fell along with crude prices. The Toronto Stock Exchange'
Published 16 May, 2015 12:00am
Sri Lankan index at 11-week high

Sri Lankan index at 11-week high

Sri Lankan shares rose to an 11-week high on Friday as investors bought risky assets on hopes of better March-quarter earnings and political stability after parliamentary elections. The main stock index ended up 0.3 percent, or 21.80 points, at 7,258.67,
Published 16 May, 2015 12:00am
Tokyo shares soar
Currency

Tokyo shares soar

Tokyo's Nikkei 225 stock index rose 0.83 percent Friday after several firms announced share buy-backs and Wall Street saw another record close, but Nikon plunged on a weak earnings forecast. The benchmark index at the Tokyo Stock Exchange surged 162.68 po
Published 16 May, 2015 12:00am
Friday's early afternoon trade: stocks slightly lower

Friday's early afternoon trade: stocks slightly lower

US shares were slightly lower on Friday as weak economic data pointed to a lack of momentum in the economy, a day after the S&P 500 closed at a record high. Industrial output slipped 0.3 percent, weighed down by a decline in production by mining companies
Published 16 May, 2015 12:00am
S&P 500 ends at record high

S&P 500 ends at record high

US stocks ended sharply stronger on Thursday and the S&P 500 closed at a record high as investors worried less about interest rates and a weaker dollar offered the possibility of stronger sales for US multinationals. The S&P 500 gained 22.62 points, or 1.
Published 16 May, 2015 12:00am
South African shares up

South African shares up

South African shares edged up slightly on Friday underpinned by investment company Brait that said it would buy a majority stake in British budget clothes retailer New Look. The African investment heavyweight Brait rose more than 4 percent to 94.75 rand a
Published 16 May, 2015 12:00am
Yields fall as supply eases

Yields fall as supply eases

US Treasuries ended stronger on Thursday, even after the Treasury had to pay more to sell new 30-year bonds, as an overhang of government and corporate debt supply passed. The government's $16 billion sale of 30-year bonds saw lacklustre demand, resulting
Published 16 May, 2015 12:00am
Yields fall as supply eases

Yields fall as supply eases

US Treasuries ended stronger on Thursday, even after the Treasury had to pay more to sell new 30-year bonds, as an overhang of government and corporate debt supply passed. The government's $16 billion sale of 30-year bonds saw lacklustre demand, resulting
Published 16 May, 2015 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks were slightly down on Friday, bucking the trend in Asian shares due to selling in financial shares. Trading was cautious as some analysts said the recent rise in bond yields abroad could erode overseas investments by domestic financial insti
Published 16 May, 2015 12:00am
Hong Kong stocks rise on cross-border scheme speculation

Hong Kong stocks rise on cross-border scheme speculation

Hong Kong stocks ended 2 percent higher on Friday, boosted by a sudden surge in afternoon trading on renewed hopes that a cross-border investment scheme between Hong Kong and Shenzhen will soon be announced. Trading under the scheme, the Shenzhen-Hong Kon
Published 16 May, 2015 12:00am
China stocks fall on IPO concerns

China stocks fall on IPO concerns

China stocks fell on Friday amid concerns over fresh share supplies, after regulators said the market has ample liquidity to handle more initial public offerings. Xiao Gang, chairman of the China Securities Regulatory Commission (CSRC), told a conference
Published 16 May, 2015 12:00am
European shares dented by US data, euro bounce

European shares dented by US data, euro bounce

A resurgent euro in the wake of weak US data hit European stocks on Friday, even as bond markets stabilised after a recent rollercoaster sell-off. The pan-European FTSEurofirst 300 index closed down 0.5 percent at 1,573.09 points - with export-focused Ger
Published 16 May, 2015 12:00am
Australia shares end higher

Australia shares end higher

Australian shares rose on Friday and ended higher for the week, turning around following two straight weekly declines after a record high on Wall Street gave sentiment a boost. The S&P/ASX 200 index climbed 0.7 percent, or 39.0 points, to 5,735.5. It was
Published 16 May, 2015 12:00am
South East Asian stocks mostly up

South East Asian stocks mostly up

Most Southeast Asian stock markets rose on Friday as investors waited for cues from US data on when the Federal Reserve would hike interest rates, but Indonesian stocks fell after it posted weak April trade numbers. The Jakarta composite index ended the d
Published 16 May, 2015 12:00am
Weaker commodity stocks push FTSE lower

Weaker commodity stocks push FTSE lower

Britain's top share index slipped on Friday, with energy and mining sectors falling the most on US economic growth concerns and after prices of key commodities dropped. US industrial production fell for a fifth straight month in April while a sharp drop i
Published 16 May, 2015 12:00am
South Korea leaves interest rate at record low

South Korea leaves interest rate at record low

South Korea's central bank left its key interest rate unchanged at a record low of 1.75 percent on Friday, following signs of a growth in the first quarter. The Bank of Korea has carried out three rate cuts since the second half of last year - in August,
Published 16 May, 2015 12:00am
Malaysian economy grows 5.6 percent in Q1

Malaysian economy grows 5.6 percent in Q1

Malaysia's economy posted 5.6 percent growth in the first quarter, beating forecasts and just a tad slower than the previous quarter, as it showed resilience in the face of weak global prices for energy and commodity exports. After releasing the data, Ban
Published 16 May, 2015 12:00am
FDI into China rises in April: government

FDI into China rises in April: government

Foreign direct investment (FDI) into China jumped more than 10 percent year-on-year in April, the commerce ministry said Friday, accelerating significantly from previous months despite slowing growth in the world's second-largest economy. FDI, which exclu
Published 16 May, 2015 12:00am
Russian Q1 economic contraction less than feared at 1.9 percent
Currency

Russian Q1 economic contraction less than feared at 1.9 percent

Russia's economy shrank 1.9 percent in the first quarter under pressure from low oil prices and Western sanctions, the state statistics agency said Friday, a smaller contraction than had been feared. Russian Prime Minister Dmitry Medvedev last month estim
Published 16 May, 2015 12:00am
China to invest $50 billion in Brazilian infrastructure

China to invest $50 billion in Brazilian infrastructure

China will invest $50 billion to help overhaul Brazil's aging infrastructure, Brasilia said Thursday, ahead of an official visit by Chinese Prime Minister Li Keqiang. "There are $50 billion in new projects," said Jose Graca Lima, Brazil's undersecretary o
Published 16 May, 2015 12:00am
France and China aim to win developing markets: Fabius

France and China aim to win developing markets: Fabius

France and China are interested in expanding their cooperation to win markets in Africa or Asia, French Foreign Minister Laurent Fabius said Friday as he confirmed Chinese Premier Li Keqiang's upcoming visit to Paris. "It is taken for granted that (Li) wi
Published 16 May, 2015 12:00am
Poland's March current account surplus highest since 1997

Poland's March current account surplus highest since 1997

Poland's current account surplus rose to its highest since at least 1997 in March as buoyant exports coincided with an all-time high inflow of European Union agricultural funds, data showed on Friday. The balance of the current account, the broadest measu
Published 16 May, 2015 12:00am
Piketty to work with London School of Economics

Piketty to work with London School of Economics

French economist Thomas Piketty, best-selling author on inequality, will teach at the London School of Economics as a professor at its new international inequalities division, the university said. Piketty, 44, will work on research with postgraduate stude
Published 16 May, 2015 12:00am
Romania scraps tax on tips after public outcry

Romania scraps tax on tips after public outcry

Romania announced on Friday that it was backing down on a decision to tax tips, following a public outcry over the proposal. "We have decided to scrap this measure after constructive discussions with representatives from the hotel and restaurant industry,
Published 16 May, 2015 12:00am
EBRD to invest more in Central Europe, ex-USSR, Greece

EBRD to invest more in Central Europe, ex-USSR, Greece

The European Bank for Reconstruction and Development (EBRD) promised on Friday more funds for ex-Soviet countries, Central Europe, and Greece, but ruled out new investments in Russia due to Western economic sanctions over Ukraine. "We have the potential t
Published 16 May, 2015 12:00am
India's export slump cast shadow on growth prospects

India's export slump cast shadow on growth prospects

India's exports slumped for the fifth straight month in April from a year earlier, dragged down by fall in global demand that has cast a shadow over Prime Minister Narendra Modi's goal of achieving over 8 percent growth in 2015/16 fiscal year. The ongoing
Published 16 May, 2015 12:00am
Weak US data point to modest Q2 economic rebound

Weak US data point to modest Q2 economic rebound

US industrial production unexpectedly fell for a fifth straight month in April due in part to a further decline in oil and gas drilling, suggesting that the economy is growing at only a modest pace in the second quarter. The economy's struggle to pick up
Published 16 May, 2015 12:00am
Argentine rivals await verdict after pepper spray mayhem

Argentine rivals await verdict after pepper spray mayhem

South American football officials were deliberating Friday on how to decide the result of a Libertadores Cup match between Argentine rivals Boca Juniors and River Plate that was halted after Boca fans pepper-sprayed River Plate players. The South American
Published 16 May, 2015 12:00am
Hull's Livermore suspended amid drug reports

Hull's Livermore suspended amid drug reports

Hull midfielder Jake Livermore was suspended by the Premier League club and the Football Association on Friday amid reports the England international had tested positive for cocaine. The Tigers released a statement confirming Livermore's suspension after
Published 16 May, 2015 12:00am
I am not target of FBI probe: Blatter

I am not target of FBI probe: Blatter

FIFA president Sepp Blatter insisted Friday he is not the target of an FBI corruption investigation and that he would visit the United States next year. "I know this and everybody knows that in the US there is an investigation against former (FIFA) people
Published 16 May, 2015 12:00am
Warne, Tendulkar bid to sign former greats for T20 league

Warne, Tendulkar bid to sign former greats for T20 league

Cricket greats Shane Warne and Sachin Tendulkar are planning to start a new Twenty20 competition for former international players, reports said Friday. Unconfirmed reports say that Warne and Tendulkar have offered 28 big-name ex-players contracts worth $U
Published 16 May, 2015 12:00am
Eyes on strikers for tense A-League final

Eyes on strikers for tense A-League final

Rival strikers Besart Berisha and Marc Janko could settle Sunday's heavyweight A-League grand final between Melbourne Victory and Sydney FC which has been given an extra edge by verbal sparring between the coaches. Albanian Berisha has already won two A-L
Published 16 May, 2015 12:00am
Bell backs Root as future England captain

Bell backs Root as future England captain

Ian Bell hailed Joe Root as a future Test captain despite being replaced as vice skipper by his fellow batsman in this week's turbulent shake-up of English cricket. Root's appointment was all but overlooked in the furore surrounding new England cricket di
Published 16 May, 2015 12:00am
Pakistan-Zimbabwe series will go on as per schedule: Shaharyar

Pakistan-Zimbabwe series will go on as per schedule: Shaharyar

Pakistan Cricket Board Chairman Shaharyar Khan made it clear on Friday that the Zimbabwe cricket team will be touring Pakistan and the series will go on as per schedule. "The president of the Zimbabwe Cricket Union has confirmed that the Zimbabwe cricket
Published 16 May, 2015 12:00am
Djokovic advances into Rome semi clash with Ferrer

Djokovic advances into Rome semi clash with Ferrer

Serbia's Novak Djokovic moved a step closer to defending his Italian Open title after dominating Japan's Kei Nishikori 6-3, 3-6, 6-1 in a one-sided semi-final in Rome on Friday. Djokovic, who beat Rafael Nadal in last year's final to claim his third troph
Published 16 May, 2015 12:00am
Mourinho rules out joining rivals in transfer bidding wars

Mourinho rules out joining rivals in transfer bidding wars

Jose Mourinho fears the forthcoming transfer window will be dominated by inflated prices and insists Chelsea will not get dragged into a bidding war for any of their targets. Mourinho believes the determination of a number of major clubs to strengthen the
Published 16 May, 2015 12:00am
Saker leaves England to coach Victoria

Saker leaves England to coach Victoria

Australia's David Saker has quit as the England team's bowling guru to become coach of the Victorian state side, Cricket Victoria said on Friday. Saker, 48, who has been the bowling coach for the English national team for the past five years and was a key
Published 16 May, 2015 12:00am
ECB chairman says 'no promises' made to Pietersen

ECB chairman says 'no promises' made to Pietersen

Colin Graves, the incoming chairman of the England and Wales Cricket Board, was adamant Friday that he made no promises to Kevin Pietersen about a possible return to Test cricket. Graves, whose tenure as ECB chairman started Friday, released a statement v
Published 16 May, 2015 12:00am
Migrants land in Indonesia, but hundreds pushed back to sea

Migrants land in Indonesia, but hundreds pushed back to sea

Nearly 800 "boat people" were brought ashore in Indonesia on Friday, but other vessels crammed with migrants were sent back to sea despite a UN call to rescue thousands adrift in Southeast Asian waters with dwindling supplies of food and water. Underlinin
Published 16 May, 2015 12:00am
Mexico arrests man smuggling 13 South Asia migrants

Mexico arrests man smuggling 13 South Asia migrants

Police have arrested a Honduran man in southern Mexico who was attempting to smuggle 13 undocumented Bangladeshi and Pakistani migrants into the United States, US authorities said Friday. The 29-year-old suspect was detained while driving a van above the
Published 16 May, 2015 12:00am
Tunisian judges denounce law to oversee judiciary

Tunisian judges denounce law to oversee judiciary

Tunisia's parliament passed a controversial law on Friday to set up a judicial oversight body, immediately drawing the wrath of judges who said it would stifle their independence. The constitution adopted last year designates the Supreme Council of the Ma
Published 16 May, 2015 12:00am
Israeli soldiers, Palestinians clash on 'Nakba' day

Israeli soldiers, Palestinians clash on 'Nakba' day

Israeli soldiers fired tear gas, rubber and live bullets at Palestinians in the West Bank and Gaza Strip on Friday, wounding at least 21 people, medics and security sources said. Clashes took place near Ramallah and farther north in Nablus, after a new Is
Published 16 May, 2015 12:00am
British PM rules out full fiscal autonomy for Scotland

British PM rules out full fiscal autonomy for Scotland

British Prime Minister David Cameron ruled out full fiscal autonomy for Scotland on Friday after his first talks in Edinburgh since being re-elected but agreed to consider granting extra powers. Cameron held talks with Scottish First Minister Nicola Sturg
Published 16 May, 2015 12:00am
Russian MPs back bill on 'undesirable' foreign groups

Russian MPs back bill on 'undesirable' foreign groups

Russian lawmakers on Friday backed legislation that could further restrict the work of international organisations in the country by tagging them as "undesirable" for the state. Voting in the second of three readings, the Duma lower house of parliament su
Published 16 May, 2015 12:00am
IS seizes government HQ in Ramadi

IS seizes government HQ in Ramadi

Islamic State fighters seized the government compound in the city of Ramadi on Friday and edged closer to what would be their biggest victory in Iraq this year, officials said. The loss of the capital of Anbar province, which Prime Minister Haider al-Abad
Published 16 May, 2015 12:00am
Facebook 'tramples European privacy law': Belgian watchdog

Facebook 'tramples European privacy law': Belgian watchdog

Belgium's privacy watchdog accused Facebook on Friday of trampling on European privacy laws by tracking people online without their consent and dodging questions from national regulators. The Privacy Protection Commission (CPVP/CBPL), which is working wit
Published 16 May, 2015 12:00am
At least 35 killed as China bus plunges over cliff

At least 35 killed as China bus plunges over cliff

At least 35 people died on Friday when a bus apparently plunged off a cliff in China, reports said, in the latest deadly traffic incident in the country. The accident in Chunhua county, in the northern province of Shaanxi, killed 35 people with another 11
Published 16 May, 2015 12:00am
Mali peace accord signed without main rebel groups

Mali peace accord signed without main rebel groups

Mali's government and allied fighters signed a peace accord Friday in a ceremony attended by numerous heads-of-state but missing the crucial backing of the war-scarred nation's main Tuareg-led rebel groups, AFP correspondents witnessed. The Coordination o
Published 16 May, 2015 12:00am
Bin Laden aide gets life for East Africa attacks

Bin Laden aide gets life for East Africa attacks

A New York court sentenced Saudi exile Khalid al-Fawwaz to life in prison Friday over his role in the 1998 al Qaeda bombings of US embassies in East Africa which killed 224 people. Fawwaz, a 52-year-old described in court as one of late al Qaeda leader Os
Published 16 May, 2015 12:00am
Over 100,000 flee strife-hit Burundi: UN

Over 100,000 flee strife-hit Burundi: UN

More than 100,000 people from Burundi have fled to neighbouring countries since political violence that culminated in a foiled coup attempt this week erupted in April, the United Nations said Friday. UN refugee agency spokeswoman Karin de Gruijl said near
Published 16 May, 2015 12:00am
Wreckage of missing US helicopter found in Nepal

Wreckage of missing US helicopter found in Nepal

The wreckage of a US military helicopter lost on an earthquake relief mission in Nepal was found on Friday high on a mountainside, with all eight on board presumed dead, US officials said. A US search team identified the wreckage as that of the missing Ma
Published 16 May, 2015 12:00am
After Gulf incident, Iran says ship 'damaged oil rig'

After Gulf incident, Iran says ship 'damaged oil rig'

A Singapore-flagged ship that allegedly came under fire from Iranian forces in the Gulf was wanted for causing $300 million in damage to an oil rig, an Iranian official said Friday. According to US officials, the Alpine Eternity was the target of warning
Published 16 May, 2015 12:00am
Irregularities in CDA affairs: IHC to hear case on May 23

Irregularities in CDA affairs: IHC to hear case on May 23

Islamabad High Court (IHC) has decided to fix the hearing of a matter relating to implementation of the recommendations of a commission it had constituted to probe alleged irregularities in Capital Development Authority (CDA) on May 23. Justice Shaukat Az
Published 16 May, 2015 12:00am
New micro finance banks PBA seeks five-year tax exemption

New micro finance banks PBA seeks five-year tax exemption

Pakistan Banks Association (PBA) has sought five years tax exemption for new micro finance banks being established under Microfinance Institutions Ordinance, 2001 through Finance Act, 2015. According to the budget proposals of the PBA relating to the micr
Published 16 May, 2015 12:00am
New micro finance banks PBA seeks five-year tax exemption

New micro finance banks PBA seeks five-year tax exemption

Pakistan Banks Association (PBA) has sought five years tax exemption for new micro finance banks being established under Microfinance Institutions Ordinance, 2001 through Finance Act, 2015. According to the budget proposals of the PBA relating to the micr
Published 16 May, 2015 12:00am
$575 million NJHP project: Dar directs EAD to explore Chinese financing

$575 million NJHP project: Dar directs EAD to explore Chinese financing

Finance Minister Ishaq Dar has directed Economic Affairs Division to explore possibility of financing, amounting to $575 million, from China for Neelum Jhelum Hydropower (NJHP) project. Finance Minister, who chaired a high level meeting to review financin
Published 16 May, 2015 12:00am
Foreign companies welcome SECP's eServices

Foreign companies welcome SECP's eServices

"The SECP's eServices is aimed at facilitating the online availability of name, online incorporation of companies and e-filing of statutory returns, and enables the promoters and other officers of the company to interact online using the eServices portal,
Published 16 May, 2015 12:00am
GEIC summons three more witnesses

GEIC summons three more witnesses

After recording the statements of six witnesses on Friday, the General Election 2013 Inquiry Commission (GEIC) summoned three other witnesses for cross examination on May 18. During the hearing of May 15, counsels for Pakistan Tehreek-e-Insaf (PTI), Pakis
Published 16 May, 2015 12:00am
Imran accused of misleading JC probing vote rigging allegations

Imran accused of misleading JC probing vote rigging allegations

Minister of State for Information Technology and PML-N leader Anusha Rehman criticised Pakistan Tehreek-e-Insaf on Friday, accusing its chief Imran Khan of misleading the judicial commission probing into the alleged rigging in the 2013 general elections.
Published 16 May, 2015 12:00am
President directs Nepra to improve transmission infrastructure

President directs Nepra to improve transmission infrastructure

President Mamnoon Hussain has directed National Electric Power Regulatory Authority (Nepra) to improve electricity transmission infrastructure and formulate a comprehensive strategy for acquiring private sector cooperation in this regard. The President sa
Published 16 May, 2015 12:00am
Mobilink expands 3G network to 53 cities

Mobilink expands 3G network to 53 cities

Mobilink has expanded its 3G network to 53 cities of Pakistan by adding 10 new cities to its 3G network. Mobilink's expansion of 3G network is a result of carefully designed roll-out plan that makes the best use of 10MHz spectrum, while focusing on excell
Published 16 May, 2015 12:00am
MSPIDA seeks Rangers' help

MSPIDA seeks Rangers' help

All Pakistan Motorcycle Spare Parts Importers and Dealers Association (MSPIDA) has expressed concern over rising incidents of robberies at bikes spare parts shops in Karachi. In a letter sent to Bilal Akbar, Director General, Sindh Rangers, MSPIDA has req
Published 16 May, 2015 12:00am
Hand-grenade blast: Child killed, two hurt in Ghotki

Hand-grenade blast: Child killed, two hurt in Ghotki

A child was killed while two other were injured due to hand grenade blast here on Friday. Police said that in village Safail Kolachi of district Ghotki, children while playing found a hand grenade. The children thought it to be a toy and started playing a
Published 16 May, 2015 12:00am
Mandviwalla elected Chairman Senate body

Mandviwalla elected Chairman Senate body

Senator Saleem Mandviwalla has been unanimously elected in as the Chairman for the Senate's Standing Committee on Finance, Revenue, Economic Affairs, Statistics and Privatization. This decision was taken at a meeting convened at the Parliament House in or
Published 16 May, 2015 12:00am
Shura Hamdard urges government to prepare people-friendly budget

Shura Hamdard urges government to prepare people-friendly budget

Speakers at the meeting of Shura Hamdard Karachi chapter urged the government to try its level best to make the coming national budget 2015-16 people-friendly as the masses are already under the burden of high prices of daily use commodities. The meeting
Published 16 May, 2015 12:00am
FPCCI body urges government to restructure PHDEC

FPCCI body urges government to restructure PHDEC

Federation of Pakistan Chambers of Commerce and Industry's (FPCCI) Standing Committee on Horticulture and Food Exports has demanded of the government to restructure Pakistan Horticulture Development and Export Company (PHDEC) and its chief executive offic
Published 16 May, 2015 12:00am
KSE forfeits trading rights of ACE Securities

KSE forfeits trading rights of ACE Securities

The Board of Directors of Karachi Stock Exchange (KSE) on Friday forfeited the TRE Certificate of M/s ACE Securities with immediate effect. The KSE board also asked the TREC holders, investors, clients of the defaulting brokerage house and other concerned
Published 16 May, 2015 12:00am
Pepsi-Cola, KFC Pakistan sign agreement

Pepsi-Cola, KFC Pakistan sign agreement

Jahanzeb Qayum Khan, Vice President and General Manager, Pepsi-Cola International, Pakistan and Afghanistan and Irfan Mustafa Chairman and Managing Partner KFC Pakistan (Franchisee of Gray Mackenzie Restaurants International Limited) signed an exclusive a
Published 16 May, 2015 12:00am
HBL signs accord with Tracking World Pakistan

HBL signs accord with Tracking World Pakistan

HBL, Pakistan's largest bank has signed a multilateral accord with Tracking World (Pvt) Ltd as a one-window solution for electronic financial services. The agreement encompasses bill payments through ADCs, payment gateway for retail payments, card allianc
Published 16 May, 2015 12:00am
OUP to launch OTA courses in June

OUP to launch OTA courses in June

Oxford Teachers' Academy (OTA), a professional development programme, developed by Oxford University Press (OUP) for Pakistan, would be launched in the first week of June. This was stated by managing director of OUP, Ameena Saiyid, at a press conference h
Published 16 May, 2015 12:00am
13 militants killed in Mastung, Kalat operations

13 militants killed in Mastung, Kalat operations

Security forces claim to have killed 13 suspected militants during an extensive search operations being carried out in Kalat and Mastung districts of Balochistan during the past 36 hours. Law Enforcement Agencies launched operations in the two districts o
Published 16 May, 2015 12:00am
Two women hurt in acid attack

Two women hurt in acid attack

Two women were injured when unknown culprits threw acid at them here on Friday. Reports said that unidentified accused hurled acid at two women at Kansi Road in Quetta. The affected women were shifted to Bolan Medical Complex (BMC) Quetta for treatment. A
Published 16 May, 2015 12:00am
Manhattan International wins award at PAS Awards 2015

Manhattan International wins award at PAS Awards 2015

Manhattan International won the award for the best campaign in Automotive & Transportation category at the Pakistan Advertisers' Society (PAS) Awards 2015 for their 'Simply Wow' launch campaign developed for Toyota Corolla 2014. This is Manhattan's third
Published 16 May, 2015 12:00am
The state of Pakistan's economy
Cotton

The state of Pakistan's economy

The following is the overview of Second Quarterly Report for the year 2014-15 of the Central Board of State Bank of Pakistan.
Published 16 May, 2015 12:00am
The state of Pakistan's economy
Cotton

The state of Pakistan's economy

The following is the overview of Second Quarterly Report for the year 2014-15 of the Central Board of State Bank of Pakistan.
Published 16 May, 2015 12:00am
The state of Pakistan's economy
Cotton

The state of Pakistan's economy

The following is the overview of Second Quarterly Report for the year 2014-15 of the Central Board of State Bank of Pakistan.
Published 16 May, 2015 12:00am
Al-Farabi Kazakh National University inducted in Comsats network

Al-Farabi Kazakh National University inducted in Comsats network

Al-Farabi Kazakh National University (KazNU), Kazakhstan, has been inducted in the network of Comsats. With its 14 faculties, 98 departments, 20 scientific research institutions, a techno-park, and over 2,000 professors and faculty members, KazNu is now t
Published 16 May, 2015 12:00am
PCMEA concerned over FBR proposal to increase ST

PCMEA concerned over FBR proposal to increase ST

The Pakistan Carpet Manufacturers and Exporters Association (PCMEA) on Friday voiced his concern over a proposal by the Federal Bureau of Revenue (FBR) to increase the sales tax from two to five percent in the upcoming budget on the handmade carpet indust
Published 16 May, 2015 12:00am
ICMA Pakistan, RPGCC sign MoU

ICMA Pakistan, RPGCC sign MoU

Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) and Royal Palm Golf & Country Club inked MoU at RPGCC Lahore. According to this MoU RPGCC will offer special membership to the members of ICMA Pakistan. On this occasion, from ICMA P
Published 16 May, 2015 12:00am
VU holds 'All Pakistan Business Plan Competition 2015'

VU holds 'All Pakistan Business Plan Competition 2015'

The Virtual University of Pakistan organised the All Pakistan Business Plan Competition 2015 (APBPC 2015). The grand finale of the competition was held at the M A Jinnah Campus Lahore. This business plan competition was a platform to give a practical shap
Published 16 May, 2015 12:00am
'Only one confirmed dengue case reported in Punjab'

'Only one confirmed dengue case reported in Punjab'

The Dengue Control Additional Director General Doctor Islam Zafar has claimed that only one confirmed dengue patient from Gujranwala has reported in Punjab so far. In a meeting of the Cabinet Committee on Dengue on Friday, he reviewed the dengue situation
Published 16 May, 2015 12:00am
KP-BoIT striving to tap scenic locations

KP-BoIT striving to tap scenic locations

Khyber-Pakhtunkhwa (KP) is blessed with scenic natural beauty, rugged mountains, terrain that could be lucrative destination for attracting all sorts of tourists from all class and age of people. Khyber Pakhtunkhwa Board of Investment and Trade (KP-BoIT)
Published 16 May, 2015 12:00am
IMF loans won't help improve economy: JI chief

IMF loans won't help improve economy: JI chief

Ameer, Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, has said the rulers were overjoyed over the approval of IMF loan on most humiliating terms and heavy interest rate, but this won't help improve the country's economy. The country's economy could impro
Published 16 May, 2015 12:00am
IMF loans won't help improve economy: JI chief

IMF loans won't help improve economy: JI chief

Ameer, Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, has said the rulers were overjoyed over the approval of IMF loan on most humiliating terms and heavy interest rate, but this won't help improve the country's economy. The country's economy could impro
Published 16 May, 2015 12:00am
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