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Print - 2015-06-28
Five solar energy projects initiated in Sindh

Five solar energy projects initiated in Sindh

Five solar energy projects with capacity of 20 megawatts of electricity each have been initiated in Sindh. Official sources told Radio Pakistan that the projects have been launched in Thatta, Benazirabad, Sukkur, Jamshoro and Larkana districts. The source
Published 28 Jun, 2015 12:00am
Big business on winning side in US top court's major rulings

Big business on winning side in US top court's major rulings

Big business was on the winning side in the US Supreme Court's two major cases of the year, with hundreds of employers pushing hard in favor of gay marriage and the healthcare industry backing the insurance subsidies available under Obamacare. The court o
Published 28 Jun, 2015 12:00am
Italy employers raise growth outlook but warn on Greek contagion

Italy employers raise growth outlook but warn on Greek contagion

Italy economy will post a modest recovery this year after three years of contraction and growth will accelerate in 2016, employers' lobby Confindustria said on Friday, raising its previous forecasts made six months ago. It its twice-yearly economic report
Published 28 Jun, 2015 12:00am
Venezuela signs $500 million credit line deal with Iran
Currency

Venezuela signs $500 million credit line deal with Iran

Venezuela has signed an agreement with Iran for a $500 million credit line to fund joint investments and help improve supplies of goods "necessary for the Venezuelan people," President Nicolas Maduro said on Friday. Declining oil prices have crimped Venez
Published 28 Jun, 2015 12:00am
US bond managers play defense ahead of expected Fed rate hike

US bond managers play defense ahead of expected Fed rate hike

The managers of some of America's biggest bond funds are trying to protect their portfolios from the effects of a potential interest rate hike by cutting exposure to emerging markets, boosting liquidity and reducing duration. The managers, who spoke to Re
Published 28 Jun, 2015 12:00am
US bond managers play defense ahead of expected Fed rate hike

US bond managers play defense ahead of expected Fed rate hike

The managers of some of America's biggest bond funds are trying to protect their portfolios from the effects of a potential interest rate hike by cutting exposure to emerging markets, boosting liquidity and reducing duration. The managers, who spoke to Re
Published 28 Jun, 2015 12:00am
Rio Tinto to invest in Mongolia gold, copper mine this year

Rio Tinto to invest in Mongolia gold, copper mine this year

Mining firm Rio Tinto Ltd has pledged to invest at least $250 million to $300 million in the construction of the underground section of the massive Oyu Tolgoi copper and gold mine in Mongolia this year, Mongolia's prime minister said on Friday.
Published 28 Jun, 2015 12:00am
China's Silk Road fund eyes listings among exit strategies: CEO

China's Silk Road fund eyes listings among exit strategies: CEO

China's $40 billion 'Silk Road' infrastructure fund will explore market listings and government transfers as potential strategies for divesting from successful projects, the fund's chief executive said on Saturday. "With respect to strong projects, we hop
Published 28 Jun, 2015 12:00am
China's Silk Road fund eyes listings among exit strategies: CEO

China's Silk Road fund eyes listings among exit strategies: CEO

China's $40 billion 'Silk Road' infrastructure fund will explore market listings and government transfers as potential strategies for divesting from successful projects, the fund's chief executive said on Saturday. "With respect to strong projects, we hop
Published 28 Jun, 2015 12:00am
Amazon set to launch expanded operations in Mexico

Amazon set to launch expanded operations in Mexico

Online retailer Amazon.com Inc is expanding operations in Mexico and it will detail the scope of its new business on Tuesday, a marketing firm representing Amazon Mexico said on Friday. Amazon Mexico, which currently only sells electronic books in Mexico,
Published 28 Jun, 2015 12:00am
EBRD eyes first tie-ups with new $100 billion China-led Bank

EBRD eyes first tie-ups with new $100 billion China-led Bank

The head of the European Bank for Reconstruction and Development (EBRD) said on Saturday his institution hoped to have its first joint projects with the new $100 billion China-led Asian Infrastructure Investment Bank (AIIB) in place by next year. The EBRD
Published 28 Jun, 2015 12:00am
Hungary signs deal with China to set up yuan clearing
Currency

Hungary signs deal with China to set up yuan clearing

Hungary's central bank said it had signed an agreement on Saturday with the People's Bank of China to allow Chinese currency clearing in Hungary. Hungary follows a number of countries that have appointed a clearing bank to enable trade with China to be se
Published 28 Jun, 2015 12:00am
Thousands protest in Shanghai suburb over chemical plant fears

Thousands protest in Shanghai suburb over chemical plant fears

Thousands of people took to the streets in a distant suburb of Shanghai on Saturday saying they feared the government would build a chemical plant, despite assurances from officials that the plan will not go ahead. Choking smog and environmental degradati
Published 28 Jun, 2015 12:00am
Romania falls short of bailout reform promises: EU

Romania falls short of bailout reform promises: EU

Romania failed to make sufficient progress in implementing promised economic reforms in exchange for rescue funds, the European Commission said in a statement late Friday after a meeting in Bucharest. "Important steps have been taken in some areas and the
Published 28 Jun, 2015 12:00am
European tour operators evacuate thousands of tourists from Tunisia

European tour operators evacuate thousands of tourists from Tunisia

Tour companies were evacuating thousands of foreign holidaymakers from Tunisia on Saturday, a day after a gunman killed 39 people as they lounged at the beach in an attack claimed by Islamic State. Tunisia's Prime Minister Habib Essid said most of the dea
Published 28 Jun, 2015 12:00am
Sao Paulo bans foie gras, angering chefs

Sao Paulo bans foie gras, angering chefs

Sao Paulo has banned production and sales of foie gras - and chefs in Brazil's largest city are fuming. Mayor Fernando Haddad - said to like the delicacy himself - signed a decree instituting the ban, disappointing cooks who had hoped he would veto the bi
Published 28 Jun, 2015 12:00am
EU wheat prices rise over four percent

EU wheat prices rise over four percent

European benchmark wheat futures in Paris rose over 4 percent on Friday, touching their highest level in over three months, on concerns dry weather may damage crops in France, Europe's largest wheat producer. December milling wheat, the new-crop benchmark
Published 28 Jun, 2015 12:00am
US natural gas futures down nearly 3 percent

US natural gas futures down nearly 3 percent

US natural gas futures fell nearly 3 percent on Friday, pushing the front-month down for the first week in three, on forecasts for slightly weaker cooling demand over the next two weeks. On its last day as the front-month, July gas futures on the New York
Published 28 Jun, 2015 12:00am
German farming group sows more soyabeans in Europe

German farming group sows more soyabeans in Europe

German farming company KTG Agrar AG has expanded its soyabean sowings in Europe for the 2015 harvest, with large demand being experienced for crops free of genetically-modified organisms (GMOs), the company's chief executive said. KTG, one of Europe's few
Published 28 Jun, 2015 12:00am
Indian oilseeds futures rise in line with Malaysian palm oil

Indian oilseeds futures rise in line with Malaysian palm oil

Indian oilseeds contracts rose on Friday in line with overseas markets where palm oil futures cloaked its first weekly gain. Malaysian palm oil futures rose in light trade on Friday to post their first weekly gain in three as the ringgit continued to retr
Published 28 Jun, 2015 12:00am
Ukrainian weather forecasters revise up wheat crop forecast

Ukrainian weather forecasters revise up wheat crop forecast

Ukrainian weather forecasters said on Friday they had revised up their forecast for Ukraine's 2015 wheat crop to 24.5 million tonnes from 23.5 million tonnes. "We have increased our estimates for this year's wheat harvest to 24.5 million tonnes due to bet
Published 28 Jun, 2015 12:00am
US FOB Gulf SRW wheat offers firm

US FOB Gulf SRW wheat offers firm

US FOB Gulf soft red winter wheat basis offers firmed 7 to 10 cents a bushel late on Friday, adding to steep 30-cent gains in Chicago futures as merchants scrambled to find quality grain amid concerns about weather-damaged new-crop, traders said.
Published 28 Jun, 2015 12:00am
CBOT wheat futures up 15 percent

CBOT wheat futures up 15 percent

Front-month wheat futures on the Chicago Board of Trade soared 6 percent on Friday and posted their biggest weekly advance since 2012 as US harvest delays and global weather worries triggered aggressive fund short-covering, traders said. K.C. hard red win
Published 28 Jun, 2015 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell on Friday due to profit-taking but still posted a second straight weekly gain. Showers in western Canadian Prairies should slightly improve moisture, said forecaster MDA Information Systems. Alberta soil dry despite isolat
Published 28 Jun, 2015 12:00am
Black Sea wheat exports likely to decline

Black Sea wheat exports likely to decline

Wheat exports from Russia, Ukraine and Kazakhstan will fall 5 percent in the 2015/16 marketing year as dry autumn weather overshadows the positive influence of weakening local currencies in the conflict-ridden region, a Reuters poll showed. The three glob
Published 28 Jun, 2015 12:00am
Vietnamese coffee sales pick up, Indonesian exports jump

Vietnamese coffee sales pick up, Indonesian exports jump

A rally in global coffee prices has triggered sales in Vietnam, the world's largest robusta producer, and narrowed offered premiums there, while exports from Indonesia have also soared, traders said. ICE coffee futures rose on Wednesday, with arabica pric
Published 28 Jun, 2015 12:00am
Wait-and-see mood prevails across cotton market
Cotton

Wait-and-see mood prevails across cotton market

Not a single deal was reported on the cotton market on Saturday in the absence of buying interest, dealers said. The official spot rate was unchanged at Rs 5200, dealers said. Seed cotton prices in Sindh were at Rs 2300-2500 and in Punjab rates were at Rs
Published 28 Jun, 2015 12:00am
Oil cake market rates
Cotton

Oil cake market rates

The July vaida was lower on the forward cottonseed oilcake market on Saturday in the process of trading, dealers said. The July vaida closed at Rs 1842.00 and it opened with a decline of 20 paisa at Rs 1841.80 in the early session, they said. The December
Published 28 Jun, 2015 12:00am
Vietnam rice export prices fall, Thailand market stable

Vietnam rice export prices fall, Thailand market stable

Rice export prices in Vietnam weakened this week on thin buying ahead of a harvest peak, while Thai rice was little changed as traders wait for more crop details to emerge and a key buy tender next month. Traders said the market was monitoring import dema
Published 28 Jun, 2015 12:00am
Asian naphtha price turns negative in Taiwan

Asian naphtha price turns negative in Taiwan

Asia's naphtha crack rose by 4.6 percent from its lowest level in a month in the previous session to $80.73 a tonne on Friday, lifted by lower raw material Brent crude prices. Traders said fundamentally nothing has changed as ample supplies were weighing
Published 28 Jun, 2015 12:00am
Colombian coffee premium inches up on strong demand

Colombian coffee premium inches up on strong demand

Colombian coffee premiums firmed in the past week as demand remained strong due to continued lack of availability of washed, mild arabica beans from other origins, as Central American harvests wind down. The average differential for usual good quality bea
Published 28 Jun, 2015 12:00am
Grams prices higher on grain market
Cotton

Grams prices higher on grain market

A rising trend was witnessed on the wholesale grain market on Saturday in the process of modest trading, dealers said. On the cereals sector, Urad Burma was higher by Rs 125 to Rs 13000, other commodities maintained overnight levels, they said. On the gra
Published 28 Jun, 2015 12:00am
Rapeoil prices rise on European vegoils market

Rapeoil prices rise on European vegoils market

Rapeseed oil prices in Europe were higher on Friday as drought in Canada and diminishing crop prospect in the European Union looked set to tighten supplies. Asking prices for EU rapeseed oil were raised by between 7.00 and 10.00 euros a tonne. "Western Ca
Published 28 Jun, 2015 12:00am
Ukraine expects 18 percent fall in Russian gas transit volume

Ukraine expects 18 percent fall in Russian gas transit volume

Russia is expected to reduce its natural gas shipments via Ukraine by about 18 percent this year, according to Ukrainian gas transit monopoly Ukrtransgaz. "We had transit of 62 billion cubic metres (bcm), but this year it will be at 51 billion," the compa
Published 28 Jun, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (June 27, 2015).

Published 28 Jun, 2015 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

Firmness prevailed on the money market on Saturday as the rupee managed to hold the overnight levels versus the dollar, dealers said.
Published 28 Jun, 2015 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

Firmness prevailed on the money market on Saturday as the rupee managed to hold the overnight levels versus the dollar, dealers said.
Published 28 Jun, 2015 12:00am
Automart: car prices in Karachi

Automart: car prices in Karachi

The prices of different makes and models of cars prevailing in Karachi in the week ended Saturday (June 27, 2015).

Published 28 Jun, 2015 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Saturday (June 27, 2015).

Published 28 Jun, 2015 12:00am
Bilawal blames federal government for power woes

Bilawal blames federal government for power woes

Co-Chairman Pakistan People's Party (PPP) Bilawal Bhutto Zardari on Saturday held the federal government responsible for the power crisis. He said that the Pakistan Muslim League - Nawaz (PML-N) had promised to end load shedding within 6 months but it's b
Published 28 Jun, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Saturday (June 27, 2015)

Published 28 Jun, 2015 12:00am
Bilawal blames federal government for power woes

Bilawal blames federal government for power woes

Co-Chairman Pakistan People's Party (PPP) Bilawal Bhutto Zardari on Saturday held the federal government responsible for the power crisis. He said that the Pakistan Muslim League - Nawaz (PML-N) had promised to end load shedding within 6 months but it's b
Published 28 Jun, 2015 12:00am
Bilawal blames federal government for power woes

Bilawal blames federal government for power woes

Co-Chairman Pakistan People''s Party (PPP) Bilawal Bhutto Zardari on Saturday held the federal government responsible for the power crisis. He said that the Pakistan Muslim League - Nawaz (PML-N) had promised to end load shedding within 6 months but it''s
Published 28 Jun, 2015 12:00am
Bilawal blames federal government for power woes

Bilawal blames federal government for power woes

Co-Chairman Pakistan People''''s Party (PPP) Bilawal Bhutto Zardari on Saturday held the federal government responsible for the power crisis. He said that the Pakistan Muslim League - Nawaz (PML-N) had promised to end load shedding within 6 months but it'
Published 28 Jun, 2015 12:00am
Mercury to rise in Karachi again: Met Department

Mercury to rise in Karachi again: Met Department

The Meteorolo-gical Department has forecast that it is expecting the heatwave to return on Sunday with temperatures crossing 40 degrees Celsius again. The Met Department said it is expecting another spike for Sunday and Monday when temperatures are expect
Published 28 Jun, 2015 12:00am
Mercury to rise in Karachi again: Met Department

Mercury to rise in Karachi again: Met Department

The Meteorolo-gical Department has forecast that it is expecting the heatwave to return on Sunday with temperatures crossing 40 degrees Celsius again. The Met Department said it is expecting another spike for Sunday and Monday when temperatures are expect
Published 28 Jun, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Saturday (June 27, 2015).

Published 28 Jun, 2015 12:00am
Toll rises to 1,242: heatwave claims 32 more lives in Karachi

Toll rises to 1,242: heatwave claims 32 more lives in Karachi

The devastating heat wave that struck Sindh last weekend is slowly subsiding but the toll has climbed to 1,242 with 32 deaths reported in Karachi on Saturday. Various government-run hospitals in Karachi confirmed that at least 32 people died of heatstroke
Published 28 Jun, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Saturday (June 27, 2015).

Published 28 Jun, 2015 12:00am
Toll rises to 1,242: heatwave claims 32 more lives in Karachi

Toll rises to 1,242: heatwave claims 32 more lives in Karachi

The devastating heat wave that struck Sindh last weekend is slowly subsiding but the toll has climbed to 1,242 with 32 deaths reported in Karachi on Saturday. Various government-run hospitals in Karachi confirmed that at least 32 people died of heatstroke
Published 28 Jun, 2015 12:00am
The Weather

The Weather

The weather report on Saturday (June 27, 2015) and the forecast for Sunday (June 28, 2015).

Published 28 Jun, 2015 12:00am
Federal officials visit K-Electric office

Federal officials visit K-Electric office

Secretary Water and Power Younis Daga and Chairman National Electric Power Regulatory Authority (Nepra) Tariq Sadozai on Saturday paid a visit to K-Electric office in Karachi to investigate the reason behind prolonged electricity outage in the metropolis.
Published 28 Jun, 2015 12:00am
Federal officials visit K-Electric office

Federal officials visit K-Electric office

Secretary Water and Power Younis Daga and Chairman National Electric Power Regulatory Authority (Nepra) Tariq Sadozai on Saturday paid a visit to K-Electric office in Karachi to investigate the reason behind prolonged electricity outage in the metropolis.
Published 28 Jun, 2015 12:00am
Federal officials visit K-Electric office

Federal officials visit K-Electric office

Secretary Water and Power Younis Daga and Chairman National Electric Power Regulatory Authority (Nepra) Tariq Sadozai on Saturday paid a visit to K-Electric office in Karachi to investigate the reason behind prolonged electricity outage in the metropolis.
Published 28 Jun, 2015 12:00am
The PKR and price-setting behaviour
Currency

The PKR and price-setting behaviour

In most developing countries, the price of goods and services generally increase. With the exception of food items (specifically seasonal fruits and vegetables) and government administered prices like fuel and utility rates, almost all other items of the
Published 28 Jun, 2015 12:00am
Grappling with climate change

Grappling with climate change

In a press statement issued on Thursday Federal Minister for Climate Change Mushahidullah Khan dealt with the issue of extreme weather conditions, like the heatwave wreaking havoc in Karachi and some other parts of Sindh. Pointing out that climate science
Published 28 Jun, 2015 12:00am
Lingering sad saga of refugees

Lingering sad saga of refugees

People love their land but they love their lives more. They flee war, famine and persecution, taking risks sometimes deadlier than the ones they flee - a bitter reality now on display in a shaper relief than ever before. In 2014, there were 51.2 million r
Published 28 Jun, 2015 12:00am
At least 15 Britons killed in Tunisia attack

At least 15 Britons killed in Tunisia attack

Britain said Saturday that at least 15 of its citizens were killed in the attack on a Tunisian beach resort, its worst loss of life in a terror incident since the 2005 London bombings. "Sadly I can confirm that at least 15 British nationals were killed in
Published 28 Jun, 2015 12:00am
At least 15 Britons killed in Tunisia attack

At least 15 Britons killed in Tunisia attack

Britain said Saturday that at least 15 of its citizens were killed in the attack on a Tunisian beach resort, its worst loss of life in a terror incident since the 2005 London bombings. "Sadly I can confirm that at least 15 British nationals were killed in
Published 28 Jun, 2015 12:00am
Floods kill 55 in India

Floods kill 55 in India

Relief workers were Saturday trying to reach residents stranded by floods in India's western Gujarat state triggered by torrential rains that have so far claimed 55 lives, officials said. Officials were providing food and water to the people affected by f
Published 28 Jun, 2015 12:00am
Floods kill 55 in India

Floods kill 55 in India

Relief workers were Saturday trying to reach residents stranded by floods in India's western Gujarat state triggered by torrential rains that have so far claimed 55 lives, officials said. Officials were providing food and water to the people affected by f
Published 28 Jun, 2015 12:00am
Kurds oust IS from Syria's Kobane as civilian toll mounts

Kurds oust IS from Syria's Kobane as civilian toll mounts

Kurdish forces drove Islamic State group fighters from the flashpoint Syrian border town of Kobane on Saturday, after a killing spree by the jihadists left more than 200 civilians dead. Forces of the Kurdish People's Protection Units (YPG) stormed IS's la
Published 28 Jun, 2015 12:00am
Kurds oust IS from Syria's Kobane as civilian toll mounts

Kurds oust IS from Syria's Kobane as civilian toll mounts

Kurdish forces drove Islamic State group fighters from the flashpoint Syrian border town of Kobane on Saturday, after a killing spree by the jihadists left more than 200 civilians dead. Forces of the Kurdish People's Protection Units (YPG) stormed IS's la
Published 28 Jun, 2015 12:00am
Kuwait detains suspects in mosque bombing

Kuwait detains suspects in mosque bombing

Kuwait has arrested several people on suspicion of involvement in the bombing of mosque on Friday that killed 27 people,a security source said on Saturday as the Gulf state marked a day of national mourning and prepared a mass funeral. Numerous arrests of
Published 28 Jun, 2015 12:00am
Kuwait detains suspects in mosque bombing

Kuwait detains suspects in mosque bombing

Kuwait has arrested several people on suspicion of involvement in the bombing of mosque on Friday that killed 27 people,a security source said on Saturday as the Gulf state marked a day of national mourning and prepared a mass funeral. Numerous arrests of
Published 28 Jun, 2015 12:00am
FIA authorized to detain suspects for 90 days

FIA authorized to detain suspects for 90 days

The government has authorised the Federal Investigation Agency (FIA) to detain suspected terrorists and others involved in heinous crimes for 90 days under Pakistan Protection Act (PPA), it was learnt. According to the sources, the PPA has been made part
Published 28 Jun, 2015 12:00am
FIA authorized to detain suspects for 90 days

FIA authorized to detain suspects for 90 days

The government has authorised the Federal Investigation Agency (FIA) to detain suspected terrorists and others involved in heinous crimes for 90 days under Pakistan Protection Act (PPA), it was learnt. According to the sources, the PPA has been made part
Published 28 Jun, 2015 12:00am
Vote rigging allegations: Counsel to make arguments from June 29

Vote rigging allegations: Counsel to make arguments from June 29

Secretary, General Inquiry Commission Election, (GEIC) 2013, Muhammad Hamid Ali, said on Saturday that the hearing of oral arguments of parties' counsel will commence from June 29. Earlier, a three-member GEIC bench led by Chief Justice Nasirul Mulk and c
Published 28 Jun, 2015 12:00am
Vote rigging allegations: Counsel to make arguments from June 29

Vote rigging allegations: Counsel to make arguments from June 29

Secretary, General Inquiry Commission Election, (GEIC) 2013, Muhammad Hamid Ali, said on Saturday that the hearing of oral arguments of parties' counsel will commence from June 29. Earlier, a three-member GEIC bench led by Chief Justice Nasirul Mulk and c
Published 28 Jun, 2015 12:00am
Remittances: SBP extends deadline for mandatory use of IBAN

Remittances: SBP extends deadline for mandatory use of IBAN

State Bank of Pakistan (SBP) has announced extension in the deadline for mandatory use of International Bank Account Number (IBAN) for Pakistan Remittance Initiative (PRI) remittances for six months. In order to reduce transcription errors in PRI payments
Published 28 Jun, 2015 12:00am
Remittances: SBP extends deadline for mandatory use of IBAN

Remittances: SBP extends deadline for mandatory use of IBAN

State Bank of Pakistan (SBP) has announced extension in the deadline for mandatory use of International Bank Account Number (IBAN) for Pakistan Remittance Initiative (PRI) remittances for six months. In order to reduce transcription errors in PRI payments
Published 28 Jun, 2015 12:00am
Remittances: SBP extends deadline for mandatory use of IBAN

Remittances: SBP extends deadline for mandatory use of IBAN

State Bank of Pakistan (SBP) has announced extension in the deadline for mandatory use of International Bank Account Number (IBAN) for Pakistan Remittance Initiative (PRI) remittances for six months. In order to reduce transcription errors in PRI payments
Published 28 Jun, 2015 12:00am
7th Review completed: IMF to give another $506.4 million under EFF

7th Review completed: IMF to give another $506.4 million under EFF

The Executive Board of the International Monetary Fund (IMF) completed the Seventh Review of Pakistan''s economic performance under a three-year programme supported by an Extended Fund Facility (EFF) arrangement. The Board''s decision enables the immediat
Published 28 Jun, 2015 12:00am
7th Review completed: IMF to give another $506.4 million under EFF

7th Review completed: IMF to give another $506.4 million under EFF

The Executive Board of the International Monetary Fund (IMF) completed the Seventh Review of Pakistan's economic performance under a three-year programme supported by an Extended Fund Facility (EFF) arrangement. The Board's decision enables the immediate
Published 28 Jun, 2015 12:00am
7th Review completed: IMF to give another $506.4 million under EFF

7th Review completed: IMF to give another $506.4 million under EFF

The Executive Board of the International Monetary Fund (IMF) completed the Seventh Review of Pakistan's economic performance under a three-year programme supported by an Extended Fund Facility (EFF) arrangement. The Board's decision enables the immediate
Published 28 Jun, 2015 12:00am
Zardari likely to come back in couple of days

Zardari likely to come back in couple of days

Former president and Pakistan Peoples Party Co-Chairman Asif Ali Zardari is expected to return to the country in the next couple of days in the wake of criticism by some party stalwarts, media and opposition over his sudden departure from the country. The
Published 28 Jun, 2015 12:00am
Zardari likely to come back in couple of days

Zardari likely to come back in couple of days

Former president and Pakistan Peoples Party Co-Chairman Asif Ali Zardari is expected to return to the country in the next couple of days in the wake of criticism by some party stalwarts, media and opposition over his sudden departure from the country. The
Published 28 Jun, 2015 12:00am
LNG import: Ogra objects to four percent margin for PSO

LNG import: Ogra objects to four percent margin for PSO

Oil and Gas Regulatory Authority (OGRA) has reportedly raised objections over four percent margin for Pakistan State Oil (PSO) on import of LNG, saying that consumers should not be unnecessarily burdened, well informed sources told Business Recorder</i
Published 28 Jun, 2015 12:00am