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Print - 2015-06-02
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Monday (June 01, 2015).

Published 02 Jun, 2015 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Monday (June 01, 2015).

Published 02 Jun, 2015 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 02 Jun, 2015 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 02 Jun, 2015 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 02 Jun, 2015 12:00am
New York cotton

New York cotton

The fluctuations observed during the day:

Published 02 Jun, 2015 12:00am
Education in Italy

Education in Italy

Education in Italy is free and mandatory from ages six to sixteen, and consists of five stages: kindergarten (scuola dell'infanzia), primary school (scuola primaria), lower secondary school (scuola secondaria di primo grado), upper secondary school (scuol
Published 02 Jun, 2015 12:00am
Economy of Italy
Currency

Economy of Italy

Italy has a capitalist mixed economy, ranking as the third-largest in the Eurozone and the eighth-largest in the world. The country is a founding member of the G7, G8, the Eurozone and the OECD.
Published 02 Jun, 2015 12:00am
Message from General Secretary (IPBA)

Message from General Secretary (IPBA)

I must congratulate Italian Government and Italian Embassy in Pakistan who are doing extraordinary job for the promotion of Bilateral Trade Linkages between both countries Italy & Pakistan and established very useful platform in the shape of Italian Chamb
Published 02 Jun, 2015 12:00am
Message from President, Italian Pakistan Business Association (IPBA)

Message from President, Italian Pakistan Business Association (IPBA)

With warmest regards and wishes to Italian people on this auspicious occasion Italian National Day, We hope this coming year Bi Literal co-operation between two countries are strengthen and new horizons of economic and social co-operation can be evolved.
Published 02 Jun, 2015 12:00am
Pakistan-Italy bilateral trade relations

Pakistan-Italy bilateral trade relations

The national day of Republic of Italy is celebrated on 2nd of June every year - the day on which The Republic of Italy was born in Year 1946. My heartiest wishes are with the people of Italy on this auspicious occasion. Our two countries are working toget
Published 02 Jun, 2015 12:00am
Message from Acting Consul General, Republic of Italy

Message from Acting Consul General, Republic of Italy

On the 69th anniversary of the National Day of Italy, a Republic as young as Pakistan, born and moulded over a two thousand-year long history of civilisations, I am honoured to address the readers of this prestigious newspaper. I avail myself of this oppo
Published 02 Jun, 2015 12:00am
Message from Ambassador of Republic of Italy

Message from Ambassador of Republic of Italy

It is a honor and pleasure to celebrate today with the people of Pakistan the Italian 69th Republic Day. June 2nd is the day when Italy remembers the institutional referendum held by universal suffrage in 1946, in which the Italian people were called to t
Published 02 Jun, 2015 12:00am
Japan ushers in 'shareholder friendly' reforms

Japan ushers in 'shareholder friendly' reforms

Japan on Monday adopted a corporate governance code that backers hope will usher in a new era of transparency for investors and nudge firms to spend some of their massive cash piles. Long accused of being inattentive to minority and foreign shareholders,
Published 02 Jun, 2015 12:00am
Japan ushers in 'shareholder friendly' reforms

Japan ushers in 'shareholder friendly' reforms

Japan on Monday adopted a corporate governance code that backers hope will usher in a new era of transparency for investors and nudge firms to spend some of their massive cash piles. Long accused of being inattentive to minority and foreign shareholders,
Published 02 Jun, 2015 12:00am
Madoff trustee to recoup $35.4 million from Merkin funds

Madoff trustee to recoup $35.4 million from Merkin funds

The trustee seeking money for Bernard Madoff's victims will receive $35.4 million in a settlement with two funds once run by Wall Street hedge fund manager J. Ezra Merkin. According to settlement papers filed late Friday with the US bankruptcy court in Ma
Published 02 Jun, 2015 12:00am
Madoff trustee to recoup $35.4 million from Merkin funds

Madoff trustee to recoup $35.4 million from Merkin funds

The trustee seeking money for Bernard Madoff's victims will receive $35.4 million in a settlement with two funds once run by Wall Street hedge fund manager J. Ezra Merkin. According to settlement papers filed late Friday with the US bankruptcy court in Ma
Published 02 Jun, 2015 12:00am
Saudi Arabia reserves dip $49 billion from end-2014
Currency

Saudi Arabia reserves dip $49 billion from end-2014

Saudi Arabia's foreign currency reserves dropped by $49 billion in the first four months of 2015 following the dive in world oil prices, a report said Monday. The reserves, piled up in the past decade due to high crude prices, dropped from $732 billion at
Published 02 Jun, 2015 12:00am
EU needs 'more leadership' on US free trade deal: commissioner

EU needs 'more leadership' on US free trade deal: commissioner

The European Union's top trade official on Monday said member states needed to show more leadership in persuading citizens about the benefits of a massive and controversial free trade agreement with the United States. "Some of them (EU members) should eng
Published 02 Jun, 2015 12:00am
US consumer spending flat; manufacturing gains some speed

US consumer spending flat; manufacturing gains some speed

US consumer spending was unexpectedly flat in April as households cut back on purchases of automobiles and continued to boost savings, suggesting the economy was struggling to gain momentum early in the second quarter. But there are signs a rebound from t
Published 02 Jun, 2015 12:00am
CVC takes over German perfume retailer Douglas

CVC takes over German perfume retailer Douglas

Private equity firm CVC Capital Partners on Monday agreed to buy German perfume retailer Douglas from US buyout group Advent and the Kreke family for an undisclosed sum. The Kreke family, which held a 20 percent stake, will reinvest in Douglas through a j
Published 02 Jun, 2015 12:00am
French unemployment hits new record high in April

French unemployment hits new record high in April

French unemployment rose to a fresh record high in April, official statistics published Monday showed, with 3.53 million people out of work, a rise of 26,000 compared with the previous month. The news will come as a blow to the government of President Fra
Published 02 Jun, 2015 12:00am
Australia's wan economy needs steady diet of stimulus

Australia's wan economy needs steady diet of stimulus

Australia's economy likely grew at the slowest pace in over a year last quarter as business spending hit a pothole, while striking weakness in wages means inflation should be no bar to further policy stimulus if needed. The Reserve Bank of Australia (RBA)
Published 02 Jun, 2015 12:00am
World Bank raises 2015, 2016 growth forecasts for Russia

World Bank raises 2015, 2016 growth forecasts for Russia

The World Bank said on Monday it expects Russia's economy to contract less sharply than previously thought in 2015, citing a recovery in oil prices in recent months, a stronger rouble and slowing inflation. The bank, which also raised its forecast for 201
Published 02 Jun, 2015 12:00am
World Bank raises 2015, 2016 growth forecasts for Russia

World Bank raises 2015, 2016 growth forecasts for Russia

The World Bank said on Monday it expects Russia's economy to contract less sharply than previously thought in 2015, citing a recovery in oil prices in recent months, a stronger rouble and slowing inflation. The bank, which also raised its forecast for 201
Published 02 Jun, 2015 12:00am
South Korea May exports worst in six years

South Korea May exports worst in six years

South Korean exports in May suffered their worst annual fall in nearly six years partly hurt by a persistent slowdown in China, its biggest export market, heightening pressure on policy makers to cut interest rates again. The gloomy shipments data join po
Published 02 Jun, 2015 12:00am
South Korea, China formally sign free trade pact

South Korea, China formally sign free trade pact

China and South Korea on Monday formally signed a free trade agreement (FTA) that would remove most tariffs between Asia's largest and fourth-largest economies, whose trade is already worth more than $200 billion. The pact - largely agreed in November and
Published 02 Jun, 2015 12:00am
Sluggish factory growth puts central bank stimulus in spotlight
Currency

Sluggish factory growth puts central bank stimulus in spotlight

Manufacturing activity showed few signs of picking up across Europe, Asia or the Americas in May as demand stayed stubbornly weak, highlighting the need for central banks to continue supporting economic growth. The gloomy business surveys come a little le
Published 02 Jun, 2015 12:00am
UN buys 110,000 tonnes of wheat for Yemen, Djibouti

UN buys 110,000 tonnes of wheat for Yemen, Djibouti

A United Nations aid agency has recently bought a total 110,000 tonnes of milling wheat to be shipped to Yemen and also the east African state of Djibouti, European traders said on Monday. The purchase comprised 40,000 tonnes of wheat for Yemen and 70,000
Published 02 Jun, 2015 12:00am
Rains boost Ivory Coast cocoa mid-crop

Rains boost Ivory Coast cocoa mid-crop

Abundant rains and sunny spells last week in Ivory Coast's main cocoa growing regions could improve the mid-crop harvest, though too much rain risked causing disease farmers said on Monday. The world's top cocoa producer is currently harvesting beans from
Published 02 Jun, 2015 12:00am
US wheat futures jump 3.6 percent

US wheat futures jump 3.6 percent

US wheat futures jumped 3.6 percent on Monday, bouncing off of their lowest in nearly three weeks, on a round of short-covering, traders said. "Frankly this market was struggling to go down," Arlan Suderman, senior market analyst at Water Street Solutions
Published 02 Jun, 2015 12:00am
Russian wheat export prices down

Russian wheat export prices down

Russian wheat export prices declined last week tracking weaker European wheat futures and shrugging off a new wheat export tax, analysts said. Russia, a leading wheat exporter to North Africa and the Middle East, will impose its new wheat export tax on Ju
Published 02 Jun, 2015 12:00am
Oil cake market rates
Cotton

Oil cake market rates

The July vaida was down on the forward cottonseed oilcake market on Monday in the process of trading, dealers said. The July vaida closed at Rs 1849.50 on Saturday and it opened with 30 paisa fall at Rs 1849.20, they said. The December vaida ended at Rs 1
Published 02 Jun, 2015 12:00am
Modest trade activity on cotton market
Cotton

Modest trade activity on cotton market

Modest trade activity was seen on the cotton market on Monday as some leading buyers kept on the sidelines due to little interest in fresh buying, dealers said. The official spot rate was inert at Rs 5450, dealers said. In the ready session, over 5000 bal
Published 02 Jun, 2015 12:00am
South Korea seeks to buy 138,000 tonnes of corn

South Korea seeks to buy 138,000 tonnes of corn

South Korea's largest feedmaker Nonghyup Feed Inc (NOFI) has issued an international tender to purchase up to 138,000 tonnes of yellow corn to be sourced from optional origins, European traders said on Monday. The tender closes on Tuesday, June 2, they sa
Published 02 Jun, 2015 12:00am
Chinese iron ore futures jump four percent

Chinese iron ore futures jump four percent

Iron ore futures in China jumped as much as 4 percent on Monday after stockpiles of the raw material at the country's ports fell for the seventh week in a row to the lowest since December 2013 as Chinese steel mills replenished holdings. Limited availabil
Published 02 Jun, 2015 12:00am
Lean business on grain market
Cotton

Lean business on grain market

A sort of dullness prevailed on the wholesale grain market as most of the participants were on the sidelines in the process of trading, dealers said. On the cereals side, Urad Burma was higher by Rs 437 to Rs 12937 due to strong demand, they said. On the
Published 02 Jun, 2015 12:00am
Indian oilseeds, soyaoil rise on monsoon rain delay

Indian oilseeds, soyaoil rise on monsoon rain delay

Indian oilseeds and soyaoil futures rose on Monday following gains in Malaysian palm oil and as a delay in the onset of monsoon in Kerala raised concerns over production of the summer-sown oilseeds. Malaysian palm oil futures rallied nearly 4 percent to t
Published 02 Jun, 2015 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Friday at Pakistan Mercantile Exchange (PMEX) value traded was PKR 2.231 billion as compared to PKR 2.203 billion. The number of lots traded were 14,397 and PMEX Commodity Index closed at 2,742. Major business was contributed by crude oil amounting to
Published 02 Jun, 2015 12:00am
US Midwest corn, soyabean bids mixed

US Midwest corn, soyabean bids mixed

Corn and soyabean basis bids at US Midwest locations were mixed on Monday amid quiet farmer sales of both crops, grain dealers said. Some Midwest processors raised their spot soyabean bid 2 cents to 5 cents since late last week, including the big crusher
Published 02 Jun, 2015 12:00am
US Plains HRW wheat bids unchanged

US Plains HRW wheat bids unchanged

Spot basis bids for hard red winter wheat were flat in the southern US Plains on Friday, and producer sales were thin as K.C. hard red winter wheat futures fell to two-week lows, merchandisers said. Growers were also waiting to see what sort of yields and
Published 02 Jun, 2015 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 286,574 tonnes of cargo comprising 196,709 tonnes of import cargo and 89,865 tonnes of export cargo including 4,974 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 196
Published 02 Jun, 2015 12:00am
Qatar's bourse rebounds further; other Gulf markets edge up

Qatar's bourse rebounds further; other Gulf markets edge up

Qatar's bourse led gains in the Gulf on Monday as it recovered from a sell-off sparked by the arrests and investigations at world soccer body FIFA last week, while most other markets edged up in low-volume trade. The Qatari benchmark rose 1.1 percent. Fea
Published 02 Jun, 2015 12:00am
Tokyo stocks extend gains

Tokyo stocks extend gains

Tokyo stocks rose again Monday, extending the benchmark index's rise to a 12th straight day, its longest in more than a quarter of a century. The Nikkei 225 at the Tokyo Stock Exchange spent much of the day in negative territory before edging up 0.03 perc
Published 02 Jun, 2015 12:00am
Sri Lankan shares down
Currency

Sri Lankan shares down

Sri Lankan shares ended near a five-week low in thin trade on Monday ahead of a public holiday, while political uncertainty before a parliament election announcement dented sentiment. The main stock index fell 0.35 percent to close at 7,195.19, its lowest
Published 02 Jun, 2015 12:00am
South East Asian stocks mixed

South East Asian stocks mixed

Southeast Asian stock markets traded mixed on Monday with Malaysia posting losses on weak corporate earnings and Philippine stocks extending gains from the previous session. The Malaysian stock index was down 0.24 percent, its lowest closing level since J
Published 02 Jun, 2015 12:00am
Indian shares flat

Indian shares flat

Indian shares ended broadly unchanged, as hopes the central bank would cut interest rates this week lifted some rate-sensitive firms, but Sun Pharmaceutical Industries slumped after posting disappointing earnings. The Reserve Bank of India is due to hold
Published 02 Jun, 2015 12:00am
European shares steady as oil stocks offset real estate rally

European shares steady as oil stocks offset real estate rally

European equities steadied at the close on Monday, with stronger real estate and healthcare offsetting weaker energy stocks, which tracked a sharp drop in crude oil prices. Roche rose 1.3 percent, helping the European healthcare index to rise 1 percent, a
Published 02 Jun, 2015 12:00am
Hong Kong shares rise

Hong Kong shares rise

Hong Kong stocks rose on Monday, taking cues from a surge in Chinese shares, but the gains were capped by Friday's sluggish US market after disappointing US economic data. China's main indexes jumped nearly 5 percent, as investors were encouraged by marke
Published 02 Jun, 2015 12:00am
Australian shares slip

Australian shares slip

Australian shares slipped 0.7 percent on Monday, hurt by concerns about economic growth in China, worries that Greece may not make a debt deadline and unimpressive economic data at home. The S&P/ASX 200 index dropped 41.8 points to 5,735.4 at the close of
Published 02 Jun, 2015 12:00am
FTSE falls, with oil and gas stocks a drag

FTSE falls, with oil and gas stocks a drag

Britain's top equity index stalled on Monday after disappointing domestic economic data pointed to a weak manufacturing outlook, with oil and gas stocks among the biggest fallers. Energy stocks shaved more than 10 points off the bluechip FTSE 100 index, w
Published 02 Jun, 2015 12:00am
Yuan gains on brightening view of IMF inclusion
Currency

Yuan gains on brightening view of IMF inclusion

China's yuan firmed against the dollar on Monday after the G7 agreed in principle that it would be good to include the currency in the International Monetary Fund's currency basket, traders said. The People's Bank of China (PBoC) set the midpoint rate at
Published 02 Jun, 2015 12:00am
Aussie, New Zealand dollar bounce off multi-week troughs

Aussie, New Zealand dollar bounce off multi-week troughs

The Australian and New Zealand dollars bounced off multi-week troughs versus the euro on Monday on persistent worries about Greece but held near lows against their US counterpart. The euro fell to A$1.4313, from a two-month peak of A$1.4386. It has slippe
Published 02 Jun, 2015 12:00am
Euro pressured by Greek worries in Asia
Currency

Euro pressured by Greek worries in Asia

The euro was on the defensive on Monday after Greece missed a self-imposed Sunday deadline for reaching an agreement with its lenders to unlock aid, keeping alive fears of a debt default. The euro eased 0.4 percent to $1.0952, retreating from Friday's hig
Published 02 Jun, 2015 12:00am
Early trade in New York: dollar rallies against majors

Early trade in New York: dollar rallies against majors

The US dollar advanced against major currencies on Monday after stronger-than-expected data on US manufacturing activity and construction spending, while mounting worries of a Greek default contributed to the euro's weakness. Reports on Monday showed US m
Published 02 Jun, 2015 12:00am
Euro falls as Greece deadlock remains
Currency

Euro falls as Greece deadlock remains

The euro fell on Monday after Greece failed to meet a self-imposed Sunday deadline for reaching an agreement with its lenders to unlock aid, keeping alive fears of a debt default and possibile exit from the euro zone. Athens and its euro zone and Internat
Published 02 Jun, 2015 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.30-6.75 percent (* Previous 05.25-06.75 percent). (* revised).
Published 02 Jun, 2015 12:00am
Asia FX hit by worries on Greek debt, China growth
Currency

Asia FX hit by worries on Greek debt, China growth

Emerging Asian currencies lost ground on Monday as Greek debt worries depressed sentiment, while South Korea's won slipped to a 10-week low as gloomy exports data heightened expectations of another rate cut. Regional currencies were also hobbled by survey
Published 02 Jun, 2015 12:00am
Sterling hits three-week low
Currency

Sterling hits three-week low

Sterling fell to a three-week low against the dollar on Monday, erasing all the gains it had made since last month's national election, after data showed the British manufacturing sector grew at a much slower pace than expected in May. The Markit/CIPS man
Published 02 Jun, 2015 12:00am
Russian rouble, bonds slump
Currency

Russian rouble, bonds slump

Russia's rouble slumped on Monday and bonds fell after the central bank suspended its one-year forex repo auctions, another signal that policymakers are concerned that a recent rouble rally has gone too far. Moscow-listed shares, meanwhile, were mixed aft
Published 02 Jun, 2015 12:00am
Sri Lanka's rupee forwards up
Currency

Sri Lanka's rupee forwards up

Sri Lankan rupee forwards ended firmer on Monday as the spot currency started to trade after the island nation raised nearly $1 billion from bond sales in the previous week, with the local currency seen holding steady amid further expected inflows. Sri La
Published 02 Jun, 2015 12:00am
Rain stymies New Zealand's victory bid

Rain stymies New Zealand's victory bid

New Zealand's hopes of forcing a series-levelling win in the second Test against England were dealt a blow after rain washed out most of the fourth day's play at Headingley on Monday. The Black Caps thrashed England's bowlers for quick runs to leave the h
Published 02 Jun, 2015 12:00am
MTFA football summer camp 2015 begins

MTFA football summer camp 2015 begins

Promising footballers of Lahore will show their skill when ninth Model Town Football Academy (MTFA) Football summer camp 2015 for Boys and Girls will begin at the MTFA Ground, Model Town, on Tuesday (Today). "As a footballer, the best I can do for youth i
Published 02 Jun, 2015 12:00am
UK says open to alternative World Cup

UK says open to alternative World Cup

Britain could back the holding of an alternative football World Cup but only with the support of European partners following last week's arrest of FIFA officials, a government minister said Monday. John Whittingdale - Culture, Media and Sport Minister - t
Published 02 Jun, 2015 12:00am
FA official quits FIFA role in Blatter protest

FA official quits FIFA role in Blatter protest

One of the English Football Association's two independent directors has resigned from FIFA's anti-discrimination task force following Sepp Blatter's re-election as president of world football's global governing body. Heather Rabbatts said the corruption c
Published 02 Jun, 2015 12:00am
Asia-Pacific remains firmly behind embattled Blatter

Asia-Pacific remains firmly behind embattled Blatter

There were a few fissures but no major cracks apparent in FIFA president Sepp Blatter's bedrock of Asia-Pacific support as officials began returning to the region from the annual congress of soccer's world governing body over the weekend. Asia's 47-nation
Published 02 Jun, 2015 12:00am
ICC President's office Sethi withdraws nomination

ICC President's office Sethi withdraws nomination

The former Pakistan Cricket Board (PCB) chairman and sitting member of the Board of Governors has withdrawn his nomination to the International Cricket Council presidency and also told the board to pick "a great Pakistani" ex-Test cricketer in his place.
Published 02 Jun, 2015 12:00am
Federer, Murray sweep into quarters

Federer, Murray sweep into quarters

Roger Federer and Andy Murray swept into the French Open quarter-finals Monday as the tournament waited to see if Rafael Nadal and Novak Djokovic could tee-up a Paris blockbuster. Second seed Federer, the 2009 champion, made the last eight for the 11th ti
Published 02 Jun, 2015 12:00am
Serena survives but Sharapova sent packing in Paris

Serena survives but Sharapova sent packing in Paris

Defending champion Maria Sharapova was sent packing from the French Open at the fourth-round stage on Monday, but top seed Serena Williams survived a scare to seal her quarter-final place. Sharapova, seeded two, was beaten in straight sets 7-6 (7/3), 6-4
Published 02 Jun, 2015 12:00am
Increased tobacco use a serious health threat: expert

Increased tobacco use a serious health threat: expert

Increasing tobacco use in Pakistan is a serious health threat, as it kills six million people globally every year. Pakistan is one of the four countries, which has witnessed a rapid increase in tobacco market and the issue needs to be addressed immediatel
Published 02 Jun, 2015 12:00am
Labourer stabbed to death in Shorkot

Labourer stabbed to death in Shorkot

A labourer was stabbed to death by his colleague over petty dispute here on Monday. The incident took place in a flour mill located at Multan Road in Shorkot where a labourer after exchange of hot words with another labourer killed him with sharp edged we
Published 02 Jun, 2015 12:00am
Zulfiqar Mirza granted permission to travel abroad

Zulfiqar Mirza granted permission to travel abroad

District and Sessions Court on Monday has granted permission to former Home Minister Zulfiqar Mirza to travel abroad. In an application, Mirza requested the court that he should be allowed to travel abroad on account of medical treatment. After listening
Published 02 Jun, 2015 12:00am
Row over boat engine: Turkish shipbuilder rejects PQA's observation

Row over boat engine: Turkish shipbuilder rejects PQA's observation

Sanmar Denizcilik, a Turkish shipbuilding firm, has taken a strong exception to the Port Qasim Authority's (PQA) 'presumptuous observation' that the $2.2 million pilot boat it had supplied to the port operator in May 2013 had a refurbished caterpillar eng
Published 02 Jun, 2015 12:00am
Hesco urged to address consumers' complaints

Hesco urged to address consumers' complaints

PPP Senator Aijaz Dhamrah has urged Hesco authority to timely address consumers' complaints and make complaint centres fully functional at once. A delegation comprising of President Qasimabad Tajir Association, Haji Rasool Bux; President Divisional Youth
Published 02 Jun, 2015 12:00am
PBIF urges FBR to release refunds to exporters

PBIF urges FBR to release refunds to exporters

Pakistan Businessmen and Intellectuals Forum (PBIF) President Mian Zahid Hussain has urged upon the Federal Board of Revenue (FBR) to early release refunds to exporters. He also said that the taxpayers should undergo only one audit, as according to him mu
Published 02 Jun, 2015 12:00am
Milk powder importers seek big cut in duty

Milk powder importers seek big cut in duty

Milk power importers and processors have sought the assistance of Karachi Chamber of Commerce and Industry (KCCI) in convincing the government to reduce import duty on skimmed milk, whey milk and fat filled milk from the existing 25 percent to 15 percent
Published 02 Jun, 2015 12:00am
Multiple sclerosis issue highlighted

Multiple sclerosis issue highlighted

World MS Day, that falls in May every year, unites MS organisations globally to helps raise awareness about multiple sclerosis and those living with MS to improve public understanding and support that will move us closer to a world free of MS, said Afroz
Published 02 Jun, 2015 12:00am
Farmers advised to prepare land for timely cotton sowing
Cotton

Farmers advised to prepare land for timely cotton sowing

The Met Office on Monday advised the farmers of Sindh and Southern Punjab to prepare their land for timely cotton sowing after wheat crop harvesting. "Farmers of Southern Punjab and Sindh are advised to prepare land for cotton in time so that best grains
Published 02 Jun, 2015 12:00am
HRCP slams violence, curbs on women

HRCP slams violence, curbs on women

While welcoming the conclusion of local government elections in Khyber Pakhtunkhwa, the Human Rights Commission of Pakistan (HRCP) has expressed its concern that the right of women to cast their vote continued to be denied and the arrangements made for th
Published 02 Jun, 2015 12:00am
KP LB polls Candidates allege rigging

KP LB polls Candidates allege rigging

Candidates of local bodies' polls have alleged massive rigging in May 30 elections and demanded of the Election Commission of Pakistan (ECP) to declare it null and void to hold re-polling in their respective union councils. Addressing a news conference he
Published 02 Jun, 2015 12:00am
Kausar Ghee Mills launches 'Hum Ahang' in Karachi

Kausar Ghee Mills launches 'Hum Ahang' in Karachi

Kausar Ghee Mills recently launched their exclusive "Hum Ahang" trade scheme in Karachi. Respectable traders and shopkeepers of Karachi turned up in great numbers at a ceremony. The participants were briefed about the wide-range of products of Kausar Bana
Published 02 Jun, 2015 12:00am
US Consulate presents American film showcase

US Consulate presents American film showcase

US Consulate Karachi invited Hollywood directors Martha Mitchell and Andy Merkin to visit Pakistan as part of the US Department of State's American Film Showcase in partnership with the University of Southern California's Film School, Hunerkada College of
Published 02 Jun, 2015 12:00am
Victim's father withdraws FIR against Mian Iftikhar

Victim's father withdraws FIR against Mian Iftikhar

The case of Pakistan Tehreek-e-Insaf (PTI) worker's killing in Nowshera took a new twist on Monday when the victim's father denied senior ANP leader Mian Iftikhar Hussain's involvement in the murder. The complainant Sher Alam father of deceased Habibullah
Published 02 Jun, 2015 12:00am
First 'harsh' letter to Pakistan What is behind Ghani's 'desperation'?

First 'harsh' letter to Pakistan What is behind Ghani's 'desperation'?

The Afghan President Ashraf Ghani's recent letter to civil and military leadership to take "practical steps" to clamp down on Taliban is the outcome of immense pressure on President Ghani following a series of deadly terrorist attacks in his country. Subs
Published 02 Jun, 2015 12:00am
First 'harsh' letter to Pakistan What is behind Ghani's 'desperation'?

First 'harsh' letter to Pakistan What is behind Ghani's 'desperation'?

The Afghan President Ashraf Ghani's recent letter to civil and military leadership to take "practical steps" to clamp down on Taliban is the outcome of immense pressure on President Ghani following a series of deadly terrorist attacks in his country. Subs
Published 02 Jun, 2015 12:00am
17 percent GST to be levied on poultry, cattle feed
Cotton

17 percent GST to be levied on poultry, cattle feed

The government has decided to impose a standard rate of 17 percent sales tax on poultry feed and cattle feed; incinerators for disposal of waste and its management, motorised sweepers/snow ploughs and re-importation of foreign origin goods, which were tem
Published 02 Jun, 2015 12:00am
11 suspects held in Tando Allahyar

11 suspects held in Tando Allahyar

Sindh Rangers arrested 11 culprits during crackdown and recovered huge cache of arms here on Monday. Spokesman of Sindh Rangers said that the paramilitary troops launched search operation in different areas of Tando Allahyar. During action, the Rangers ar
Published 02 Jun, 2015 12:00am