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Print - 2015-07-07
SAARC CCI holds special session

SAARC CCI holds special session

The SAARC Chamber of Commerce and Industries in partnership with Friedrich Naumann Foundation for Freedom organised a special session with officials from South Asian countries, during their visit to Pakistan for series of meetings ie special meeting of Cu
Published 07 Jul, 2015 12:00am
NA body concerned over dismal affairs of Ministry

NA body concerned over dismal affairs of Ministry

A parliamentary panel on Monday expressed serious concerns over the dismal affairs at the Ministry of Science and Technology, developing heart stent locally at a cost of Rs 10,000 to help general public, which cannot afford imported stent costing Rs 100,0
Published 07 Jul, 2015 12:00am
Dar appreciates role of NEPRA

Dar appreciates role of NEPRA

Chairman National Electric Power Regulatory Authority (NEPRA) Brigadier Tariq Saddozai (Retd) along with his team called on the Federal Minister for Finance Senator Mohammad Ishaq Dar Monday evening at the Finance Division. The Finance Minister appreciate
Published 07 Jul, 2015 12:00am
Imran Farooq murder case: Scotland Yard team due this week

Imran Farooq murder case: Scotland Yard team due this week

Scotland Yard team is going to visit Pakistan this week in order to further probe the arrested suspects in the Imran Farooq murder case including Moazzam, Khalid Shamim and Mohsin. According to a private television channel report on Monday, Scotland Yard
Published 07 Jul, 2015 12:00am
Pesco asked to minimise loadshedding in Malakand

Pesco asked to minimise loadshedding in Malakand

Khyber Pakhtunkhwa Senior Minister for Local Government & Rural Development LG&RD) Inayatullah Khan called on PESCO PESCO Fazil Hasan at WAPDA House Peshawar on Monday and apprised him of the concerns of the people in respect of unscheduled and prolong lo
Published 07 Jul, 2015 12:00am
Khadim-e-Punjab Rural Roads Programme Shahbaz reviews progress

Khadim-e-Punjab Rural Roads Programme Shahbaz reviews progress

Punjab Chief Minister Muhammad Shahbaz Sharif presided over a high level meeting here on Monday in which progress on Khadim-e-Punjab Rural Roads Programme was reviewed. Secretary Communication and Works gave a briefing regarding pace of progress of the pr
Published 07 Jul, 2015 12:00am
KP, WAPDA agree to form joint panel on power outages

KP, WAPDA agree to form joint panel on power outages

The Khyber Pakhtunkhwa government and Federal Ministry of Water and Power have agreed to form a high level joint committee for chalking out a strategy to address the issues of power outages and other WAPDA and PESCO related problems. The committee will de
Published 07 Jul, 2015 12:00am
Protests over power outages turn violent

Protests over power outages turn violent

As the mercury rose throughout Khyber-Pakhtunkhwa on Monday, protests over incessant power outages turned into violent with the Grand Trunk road as clashes reported between government authorities and angry mobs. Protesters forcibly closed down the Islamab
Published 07 Jul, 2015 12:00am
Zardari condemns attack on Hazaras

Zardari condemns attack on Hazaras

Co-Chairman of the Pakistan People's Party Asif Ali Zardari has strongly condemned the attack on Hazara people in Quetta on Monday morning. In a statement, he condemned the killing of three people and called this attack a cowardly act of terrorists and de
Published 07 Jul, 2015 12:00am
PACRA maintains ratings of BoK

PACRA maintains ratings of BoK

The Pakistan Credit Rating Agency Limited (PACRA) has maintained long term and short term entity ratings of The Bank of Khyber [BoK] at 'A' (single A) and 'A1' (A One), respectively. These ratings denote a low expectation of credit risk emanating from a s
Published 07 Jul, 2015 12:00am
PACRA maintains ratings of BoK

PACRA maintains ratings of BoK

The Pakistan Credit Rating Agency Limited (PACRA) has maintained long term and short term entity ratings of The Bank of Khyber [BoK] at 'A' (single A) and 'A1' (A One), respectively. These ratings denote a low expectation of credit risk emanating from a s
Published 07 Jul, 2015 12:00am
President stresses improved medical facilities

President stresses improved medical facilities

President Mamnoon Hussain on Monday stressed for setting up new and modern hospitals in the country and termed improvement of medical facilities need of the hour. The President stated this while talking to Vice Chancellor Shaheed Zulfiqar Ali Bhutto Medic
Published 07 Jul, 2015 12:00am
PTI demands more ambulances for Karachi

PTI demands more ambulances for Karachi

PTI Karachi President Ali Zaidi has regretted that no government hospital in Karachi provides ambulance service to people. Zaidi was referring to a recent newspaper report in which it had stated that none of the government hospitals in Karachi ran their o
Published 07 Jul, 2015 12:00am
Heat stroke Aman Foundation sets up relief camps

Heat stroke Aman Foundation sets up relief camps

Karachi's recent heatwave has caused suffering and unfortunate loss of hundreds of lives. In response, the Aman Foundation launched relief camps in the most affected areas of Karachi to alleviate the challenges faced by the citizens, with the support from
Published 07 Jul, 2015 12:00am
Widespread rains forecast for upper Punjab

Widespread rains forecast for upper Punjab

The Met Office on Monday forecast widespread rain-thundershowers for upper Punjab in the next 48 hours with warning of floods in urban parts of the province. It said that widespread rain-thundershower with scattered heavy falls in Gujranwala, Sialkot, Nor
Published 07 Jul, 2015 12:00am
Service providers Imposition of 8 percent minimum tax rejected

Service providers Imposition of 8 percent minimum tax rejected

Associations from service sector have rejected the imposition of 8 per cent minimum tax on service providers. According to details, representatives of Pakistan International Freight Forwarders Association-PIFFA, Air Cargo Agents Association of Pakistan-AC
Published 07 Jul, 2015 12:00am
Murder of Ranger's personnel: witness identifies Umair Siddiqui

Murder of Ranger's personnel: witness identifies Umair Siddiqui

Witness on Monday identified Umair Siddiqui, alleged worker of Muttahida Qaumi Movement (MQM), before judicial magistrate in a Rangers' personnel murder case. The police produced Siddiqui before judicial magistrate East where an eyewitness pointed out Uma
Published 07 Jul, 2015 12:00am
FESF's new campus in Tando Allahyar

FESF's new campus in Tando Allahyar

Deaf Reach Schools & Training Centers, a project of Family Educational Services Foundation (FESF), has a new custom-built campus in the model city of Rashidabad, Tando Allahyar. USAID Small Grants and Ambassador's Fund Program has been a key supporting pa
Published 07 Jul, 2015 12:00am
Navy conducts 'Tahaffuz-e-Sahil'

Navy conducts 'Tahaffuz-e-Sahil'

With an aim to create synergy amongst various maritime stakeholders for generating collective responses to asymmetric challenges from sea especially the threats to coastal infrastructure/assets, Pakistan Navy conducted Coastal Security Exercise code named
Published 07 Jul, 2015 12:00am
Pakistan Aluminium Beverage Cans Limited - The start of a new era!

Pakistan Aluminium Beverage Cans Limited - The start of a new era!

Pakistan is a country with a population of just over 185 million and is the sixth most populous place in the world. Mainly a minimally tapped market by the foreign investors, it has shown steady growth in the last five years with 4 percent GDP growth seen
Published 07 Jul, 2015 12:00am
MCB inaugurates its first wholesale banking branch in Dubai

MCB inaugurates its first wholesale banking branch in Dubai

MCB Bank Ltd proudly inaugurated its first Wholesale Branch Banking operations in Dubai, recently at the Armani Hotel. The event was inaugurated by Finance Minister Ishaq Dar and was attended by Sheikh Nahyan Mubarak al Nahyan and several local as well as
Published 07 Jul, 2015 12:00am
Reap urges PM not to close down or relocate NARC

Reap urges PM not to close down or relocate NARC

Rice Exporters Association of Pakistan (Reap) has urged Prime Minister Nawaz Sharif not to close or relocate National Agricultural Research Centre (NARC) in the federal capital. Reap Chairman Rafique Suleman said that the authorities had decided to close
Published 07 Jul, 2015 12:00am
APCNGA, KTI end protest following assurance by SSGC

APCNGA, KTI end protest following assurance by SSGC

All Pakistan CNG Association (APCNGA), Sindh Chapter, and Karachi Transport Ittehad (KTI) on Monday ended their protest after Sui Southern Gas Company (SSGC) assured them to revert to three-day gas closure schedule in a week. The associations jointly held
Published 07 Jul, 2015 12:00am
Vimpelcom's services listed among world's most valuable brands

Vimpelcom's services listed among world's most valuable brands

"VimpelCom Ltd" ("VimpelCom", "Company" or "Group"), a leading global provider of telecommunications services headquartered in Amsterdam and serving over 218 million customers, recently announced that five of its brands have been identified among the worl
Published 07 Jul, 2015 12:00am
Ahmed Iqbal appointed GM Pearl Continental Rawalpindi

Ahmed Iqbal appointed GM Pearl Continental Rawalpindi

Hashoo Group recently announces the appointment of Ahmed Iqbal Saeed as General Manager at the Pearl Continental Hotel, Rawalpindi. Ahmed has built a 25 years of experience in senior roles in the services industry, predominantly in the hospitality sector,
Published 07 Jul, 2015 12:00am
More powers for FIA: Altaf defends Sindh CM's stance

More powers for FIA: Altaf defends Sindh CM's stance

Muttahida Qaumi Movement (MQM) leader Altaf Hussain has praised the bold stance taken by Sindh Chief Minister Syed Qaim Ali Shah on the issue of giving additional powers to Federal Investigation Agency (FIA). He said the MQM fully supports the stand taken
Published 07 Jul, 2015 12:00am
MCCI for immediate withdrawal of WHT

MCCI for immediate withdrawal of WHT

The business community of South Punjab on Monday urged the government to immediately withdraw the imposition of 0.6 percent withholding tax (WHT) on all transactions for non-filers, as it would promote non-banking and cash transactions and would lead to h
Published 07 Jul, 2015 12:00am
JIT yet to determine causes of train crash

JIT yet to determine causes of train crash

A joint investigation team (JIT) is still endeavouring to determine the exact cause or causes in last week's mystery Gujranwala train crash that claimed the lives of 17 passengers, including military men and their families. Later reports showed the train
Published 07 Jul, 2015 12:00am
Zardari reference case: Notices issued to witnesses

Zardari reference case: Notices issued to witnesses

Account-ability court on Monday issued notices to the witnesses to ensure presence in the next hearing in illegal assets reference case against former president Asif Ali Zardari. Justice Khalid Maqbool Ranjha was hearing the case, during which no witnesse
Published 07 Jul, 2015 12:00am
Punjab CNG stations to reopen tomorrow

Punjab CNG stations to reopen tomorrow

Central leader of All Pakistan CNG Association (APCNGA) Ghiyas Abdullah Paracha on Monday said hundreds of CNG stations will reopen from July 08. Efforts are underway to keep Punjab CNG stations operational on continued basis which will help CNG operators
Published 07 Jul, 2015 12:00am
PDWP Punjab approves Greater Iqbal Park Lahore project

PDWP Punjab approves Greater Iqbal Park Lahore project

The Provincial Development Working Party Punjab has approved development scheme of Urban Development Sector titled "Greater Iqbal Park Lahore project" with an estimated cost of Rs 1.335 billion. This scheme was approved in the Special meeting of Provincia
Published 07 Jul, 2015 12:00am
ANF asked to devise NAP to counter growing use of drugs

ANF asked to devise NAP to counter growing use of drugs

The Senate Standing Committee on Interior and Narcotics Control on Monday asked Anti Narcotics Force (ANF) to devise a National Action Plan (NAP) to counter growing use of drugs. The committee, which met with Senator Rehman Malik in the chair, expressed c
Published 07 Jul, 2015 12:00am
Banking transactions: LCCI urges Dar to withdraw tax

Banking transactions: LCCI urges Dar to withdraw tax

Lahore Chamber of Commerce and Industry (LCCI) on Monday urged the Federal Finance Minister Ishaq Dar to withdraw tax on banking transactions immediately that has created unrest among business community. The LCCI Vice President Syed Mahmood Ghaznavi in a
Published 07 Jul, 2015 12:00am
ATC orders arrest of claimant in Airport attack case

ATC orders arrest of claimant in Airport attack case

Anti-terrorism court (ATC) in Karachi on Monday ordered early arrest of claimant due to absence in airport attack case. The hearing of the case was conducted at Karachi Central Jail during which, the plaintiff assistant director Airport Security Force (AS
Published 07 Jul, 2015 12:00am
ABC spends excess of Rs 124 million on CSR activities in 2014

ABC spends excess of Rs 124 million on CSR activities in 2014

The American Business Council of Pakistan (ABC) members had spent in excess of Rs 124 million on Corporate Social Responsibility (CSR) activities in 2014 and that cumulative CSR efforts had positively impacted more than 12mn lives across the country over
Published 07 Jul, 2015 12:00am
WHT on banking transactions: Prime Minister's intervention sought

WHT on banking transactions: Prime Minister's intervention sought

Chief Executive of Trade Development Authority (TDAP) S M Muneer, who is also patron-in-chief of Korangi Association of Trade and Industry (KATI), has sought the intervention of Prime Minister Nawaz Sharif to direct concerned authorities to withdraw contr
Published 07 Jul, 2015 12:00am
WHT on banking transactions: Prime Minister's intervention sought

WHT on banking transactions: Prime Minister's intervention sought

Chief Executive of Trade Development Authority (TDAP) S M Muneer, who is also patron-in-chief of Korangi Association of Trade and Industry (KATI), has sought the intervention of Prime Minister Nawaz Sharif to direct concerned authorities to withdraw contr
Published 07 Jul, 2015 12:00am
Car dealers protest against tax imposition

Car dealers protest against tax imposition

Hyderabad Car Dealers Association (HCDA) staged a protest demonstration against the imposition of 0.6 percent tax outside Hyderabad Press Club (HPC) on Monday. A large number of people participated, who were carrying placards and banners inscribed with de
Published 07 Jul, 2015 12:00am
PTI, PML-N optimistic about GEIC verdict

PTI, PML-N optimistic about GEIC verdict

Pakistan Tehreek-e-Insaf and Pakistan Muslim League-N are hopeful of a favourable verdict from the General Elections 2013 Inquiry Commission report (GEIC). If the PML-N gets a favourable report, then it may ask Speaker National Assembly Sardar Ayaz Sadiq
Published 07 Jul, 2015 12:00am
PTI owes Rs 80 million to me: DJ Butt

PTI owes Rs 80 million to me: DJ Butt

DJ Butt, who gave life to Pakistan Tehreek-e-Insaf (PTI) rallies and last year's sit-ins claims that the party owes Rs 80 million to him. According to DJ Butt, he had a daily agreement which started off at Rs 680,000 with the PTI during the Islamabad sit-
Published 07 Jul, 2015 12:00am
Dar reviews progress on DPC on energy

Dar reviews progress on DPC on energy

The Federal Minister for Finance Senator Mohammad Ishaq Dar on Monday chaired a meeting at the Finance Division to review progress on DPC on energy. The Minister was briefed on the status of various Policy Actions under the programme being funded by the W
Published 07 Jul, 2015 12:00am
Nawaz leaves for Norway

Nawaz leaves for Norway

Prime Minister Nawaz Sharif, who left for Norway on Monday, would subsequently be visiting Russia to participate in Shanghai Co-operation Organisation (SCO) Summit on July 9-10 where he is expected to meet his Indian counterpart Narendra Modi on Friday.
Published 07 Jul, 2015 12:00am
Senate Chairman takes notice of casual attitude

Senate Chairman takes notice of casual attitude

Chairman Senate Mian Raza Rabbani, who is thought to be a tough disciplinarian, on Monday took notice of State Minister for Water and Power Abid Sher Ali's attire, when he saw him sitting in the house rolling back his sleeves. Dressed in off-white Shalwar
Published 07 Jul, 2015 12:00am
Zimbabwe activists deplore sale of elephants to China

Zimbabwe activists deplore sale of elephants to China

Zimbabwe has shipped 24 elephant calves to China, in a move that has angered animal rights groups who described the export as "extremely cruel". "Some 24 elephants are on route to China as we speak after they were taken from their families in Hwange Natio
Published 07 Jul, 2015 12:00am
Mozambique destroys over two tonnes of contraband ivory, rhino horn

Mozambique destroys over two tonnes of contraband ivory, rhino horn

Authorities in Mozambique on Monday burned more than 2.6 tonnes of ivory and rhino horns confiscated during various anti-poaching busts, demonstrating a tough stance on wildlife trafficking. "This is a very clear signal the government is sending to societ
Published 07 Jul, 2015 12:00am
Uber drivers get security protection in South Africa

Uber drivers get security protection in South Africa

Internet taxi firm Uber said Monday it was providing security for its drivers in South Africa after verbal threats from other taxi operators in the latest outbreak of friction to hit the fast-growing company. Uber drivers in Johannesburg have been targete
Published 07 Jul, 2015 12:00am
Ex-US diplomat looks back on 50 years of ties with Cuba

Ex-US diplomat looks back on 50 years of ties with Cuba

As the US diplomats headed out to sea, their embassy in Havana closed but still visible on the horizon, the lights in its windows flickered. One of the travellers that day in 1961 was Wayne Smith, who would later become head of the US interests section in
Published 07 Jul, 2015 12:00am
Spanish treasure from 17th century on sale in New York

Spanish treasure from 17th century on sale in New York

An exquisite gold chalice, an emerald-encrusted crucifix and a gold bar go on auction in New York next month, recovered from a Spanish ship that sank off the coast of Florida in 1622. The extraordinary items were discovered by a US treasure hunter from th
Published 07 Jul, 2015 12:00am
Burundi leader campaigns as region calls for poll delay

Burundi leader campaigns as region calls for poll delay

Burundi's embattled president skipped key regional talks Monday to campaign for a controversial third term amid renewed rebel threats and international calls to delay the vote. The crisis in the central African nation revolves around President Pierre Nkur
Published 07 Jul, 2015 12:00am
Obama at Pentagon for update on anti-IS campaign

Obama at Pentagon for update on anti-IS campaign

US President Barack Obama was to visit the Pentagon on Monday for an update on the campaign against the Islamic State group in Iraq and Syria. The briefing on US-led efforts to dismantle the jihadist group follows coalition air strikes that hit its de fac
Published 07 Jul, 2015 12:00am
World's oldest person celebrates 116th birthday in NY

World's oldest person celebrates 116th birthday in NY

She was a teenager during World War I and her life spans three centuries. On Monday, New Yorker Susannah Mushatt Jones celebrated her 116th birthday as the world's oldest living person. Guinness World Records announced the occasion and released photograph
Published 07 Jul, 2015 12:00am
Canadian troops bolster firefighting efforts in west

Canadian troops bolster firefighting efforts in west

Canadian authorities are sending troops to help battle wildfires that have already prompted the evacuation of thousands of people in the west, officials said Monday. The defense ministry said it was preparing to send up to 1,400 personnel, including a fir
Published 07 Jul, 2015 12:00am
Throng greets Pope Francis for Ecuador mass

Throng greets Pope Francis for Ecuador mass

Hundreds of thousands of Catholics greeted Pope Francis with cheers and flags in scorching heat on Monday for the first open-air mass of his three-nation trip to South America. The first pope from Latin America waved from his popemobile at a park in Guaya
Published 07 Jul, 2015 12:00am
Iran talks drama enters knife-edge final act

Iran talks drama enters knife-edge final act

Marathon Iran nuclear talks entered the final stretch Monday with foreign ministers seeking to overcome the last few hurdles blocking a historic accord, even as an Iranian official warned they could fail to meet another deadline. On the 10th day of talks
Published 07 Jul, 2015 12:00am
US rains attract grain buyers' attention

US rains attract grain buyers' attention

Heavy rains swamping US farmland are grabbing the attention of global grain buyers as prices of corn and soybean futures soar on concerns about damage from the deluge. But demand for US exports probably will not surge as the weather worries spread beyond
Published 07 Jul, 2015 12:00am
Shanghai copper tumbles

Shanghai copper tumbles

Shanghai Futures Exchange copper tumbled 3.7 percent to 40,730 yuan ($6,560) a tonne on Monday in its biggest daily fall since January, concerns deepened over the health of China and the eurozone economies. ShFE nickel slumped limit down, before closing s
Published 07 Jul, 2015 12:00am
Copper hits five-month low but no panic on China, Greece woes

Copper hits five-month low but no panic on China, Greece woes

Copper hit a five-month low on Monday after Greece edged closer to leaving the euro zone and top copper consumer China rolled out emergency measures to halt the stock market's slide but the metal saw no signs of panic selling. Chinese stocks rose as an un
Published 07 Jul, 2015 12:00am
Rubber tumbles

Rubber tumbles

Benchmark Tokyo rubber futures tumbled to 10-week lows on Monday, weighed down by more than 4 percent drop in Shanghai futures and worries about global impact from Greek financial crisis, dealers said. The Tokyo Commodity Exchange rubber contract for Dece
Published 07 Jul, 2015 12:00am
Palm oil eases after Greece rejects bailout terms
Vegetable Oil

Palm oil eases after Greece rejects bailout terms

Malaysian palm oil lost ground on Monday, falling 1.5 percent as stocks and commodities slid after Greece rejected terms of a bailout package, raising risk of a global financial crisis. Shares fell in Europe and Asia, the euro stumbled and yields on weake
Published 07 Jul, 2015 12:00am
Arabica at 1-1/2 year low, raw sugar up

Arabica at 1-1/2 year low, raw sugar up

Arabica coffee futures on ICE fell to a 1-1/2-year low on Monday on chart-based selling and as new sellers entered the market, while raw sugar moved in the opposite direction on short-covering. Cocoa markets eased. US markets were closed on Friday for the
Published 07 Jul, 2015 12:00am
Gold flat in Asia

Gold flat in Asia

Gold gave up early gains on Monday as a robust dollar outweighed safe-haven demand after Greeks rejected the terms of a bailout package in a referendum. The failure to sustain the rally shows gold's struggle amidst prospects of higher US interest rates de
Published 07 Jul, 2015 12:00am
Gold falls in Europe on dollar, Greek vote
Currency

Gold falls in Europe on dollar, Greek vote

Gold fell on Monday as a robust dollar outweighed the impact of lower equity markets and some retail demand after Greek voters rejected the terms of a bailout package, potentially setting Athens on a path out of the euro. Official figures from a referendu
Published 07 Jul, 2015 12:00am
Germany's grain harvest to fall

Germany's grain harvest to fall

Germany's 2015 grain harvest suffered from recent dry weather and is likely to be below last year's exceptionally large crop but still reach an average size, the DBV German farmers association said on Tuesday. The German grain harvest will total about 47.
Published 07 Jul, 2015 12:00am
The Gujarat massacre

The Gujarat massacre

This refers to a news item "Vajpayee felt Gujarat riots were a 'mistake'" carried by Business Recorder on Saturday; according to which, a book penned by former RAW chief A S Dulat has claimed that former Indian prime minister Atal Bihari Vajpayee f
Published 07 Jul, 2015 12:00am
Europe's impossible dilemma: let Greece stay or let it go?
Currency

Europe's impossible dilemma: let Greece stay or let it go?

Europe faces a near impossible choice between giving debt-laden Greece a chance or pushing it out of the euro and risking global turmoil, analysts said Sunday, after Greek voters overwhelmingly rejected international creditors' terms. Berlin, Paris and Br
Published 07 Jul, 2015 12:00am
Cambodia faces uphill struggle to reform its orphanages

Cambodia faces uphill struggle to reform its orphanages

A visit to the temples of Angkor Wat, followed by a stop at an orphanage, are part of the travel experience for many of the more than four million tourists who come to Cambodia every year. What they do not realise is that the impoverished Southeast Asian
Published 07 Jul, 2015 12:00am
What are our priorities?

What are our priorities?

The International Monetary Fund's (IMF) report on Pakistan's economy after its seventh review under the ongoing EFF arrangement is optimistic about macroeconomic stabilisation being well under way, and the threat of a crisis having receded significantly.
Published 07 Jul, 2015 12:00am
PPP desertions in Punjab

PPP desertions in Punjab

The Pakistan People's Party suffered its first major organisational setback on Wednesday when a number of prominent members, including former minister of state for information and a senior vice president of the party in Punjab, Samsam Bokhari, and former
Published 07 Jul, 2015 12:00am
Will new STPF yield desired results?

Will new STPF yield desired results?

The Commerce Ministry has expressed legitimate fears that a fall in country's exports by nearly 5.5 percent could have adverse consequences on economy. The reasons for the decline are attributed to the monetary policy, tariff and tax regime and poor syner
Published 07 Jul, 2015 12:00am
US MIDDAY: corn, soya slip

US MIDDAY: corn, soya slip

US corn and soyabean futures dropped on Monday as lighter-than-expected US rainfall eased fears about soggy Midwest crops while worries over Greece and China led investors to shun many commodity markets. Corn prices pulled back from 2015 highs notched las
Published 07 Jul, 2015 12:00am
US MIDDAY: gold surges

US MIDDAY: gold surges

Gold turned higher on Monday as France and Germany told Greece the door was open to negotiations after Greek voters had rejected the terms of a bailout package. Spot gold was up 0.2 percent at $1,169.25 an ounce by 3:08 pm EDT (1908 GMT), while US gold fu
Published 07 Jul, 2015 12:00am
Pakistan determined to improve quality of education: Prime Minister

Pakistan determined to improve quality of education: Prime Minister

Prime Minister Nawaz Sharif on Monday said the government of Pakistan was determined to improve the quality of education, enhance gender equality and provide increased learning opportunities for both male and female students in the country. "I strongly be
Published 07 Jul, 2015 12:00am
Pakistan determined to improve quality of education: Prime Minister

Pakistan determined to improve quality of education: Prime Minister

Prime Minister Nawaz Sharif on Monday said the government of Pakistan was determined to improve the quality of education, enhance gender equality and provide increased learning opportunities for both male and female students in the country. "I strongly be
Published 07 Jul, 2015 12:00am
Three bills: Commerce ministry forwards amendments

Three bills: Commerce ministry forwards amendments

Senate Standing Committee on Commerce on Monday forwarded various amendments for incorporation in three bills - the Anti-Dumping Duties Bill, 2015, the Countervailing Duties Bill, 2015 and the Safeguard Measures (Amendment) Bill, 2015. The committee, chai
Published 07 Jul, 2015 12:00am
Three bills: Commerce ministry forwards amendments

Three bills: Commerce ministry forwards amendments

Senate Standing Committee on Commerce on Monday forwarded various amendments for incorporation in three bills - the Anti-Dumping Duties Bill, 2015, the Countervailing Duties Bill, 2015 and the Safeguard Measures (Amendment) Bill, 2015. The committee, chai
Published 07 Jul, 2015 12:00am
Three bills: Commerce ministry forwards amendments

Three bills: Commerce ministry forwards amendments

Senate Standing Committee on Commerce on Monday forwarded various amendments for incorporation in three bills - the Anti-Dumping Duties Bill, 2015, the Countervailing Duties Bill, 2015 and the Safeguard Measures (Amendment) Bill, 2015. The committee, chai
Published 07 Jul, 2015 12:00am
Two Hazaras among three killed in Quetta

Two Hazaras among three killed in Quetta

At least three persons including a police personnel were killed and three others among them a woman were injured in a firing incident that took place on Joint Road in the provincial capital on Monday morning. Police said that unidentified armed assailants
Published 07 Jul, 2015 12:00am
Two Hazaras among three killed in Quetta

Two Hazaras among three killed in Quetta

At least three persons including a police personnel were killed and three others among them a woman were injured in a firing incident that took place on Joint Road in the provincial capital on Monday morning. Police said that unidentified armed assailants
Published 07 Jul, 2015 12:00am
WHT on bank transactions: Faisalabad traders to observe strike today

WHT on bank transactions: Faisalabad traders to observe strike today

Yarn markets and all business and trade centres and commercial Malls will observe complete shutter down strike today in city in protest against the 0.6pc withholding tax on bank transactions. This was stated by Pakistan Yarn Merchants Association''s Centr
Published 07 Jul, 2015 12:00am
WHT on bank transactions: Faisalabad traders to observe strike today

WHT on bank transactions: Faisalabad traders to observe strike today

Yarn markets and all business and trade centres and commercial Malls will observe complete shutter down strike today in city in protest against the 0.6pc withholding tax on bank transactions. This was stated by Pakistan Yarn Merchants Association's Centra
Published 07 Jul, 2015 12:00am
WHT on bank transactions: Faisalabad traders to observe strike today

WHT on bank transactions: Faisalabad traders to observe strike today

Yarn markets and all business and trade centres and commercial Malls will observe complete shutter down strike today in city in protest against the 0.6pc withholding tax on bank transactions. This was stated by Pakistan Yarn Merchants Association's Centra
Published 07 Jul, 2015 12:00am
Crucial meeting tomorrow

Crucial meeting tomorrow

Finance Minister Ishaq Dar has convened a meeting of traders and Federal Board of Revenue (FBR) on Wednesday (July 8) to discuss the issue of 0.6 percent withholding tax on banking transactions of non-filers of income tax returns. When contacted, sources
Published 07 Jul, 2015 12:00am
Crucial meeting tomorrow

Crucial meeting tomorrow

Finance Minister Ishaq Dar has convened a meeting of traders and Federal Board of Revenue (FBR) on Wednesday (July 8) to discuss the issue of 0.6 percent withholding tax on banking transactions of non-filers of income tax returns. When contacted, sources
Published 07 Jul, 2015 12:00am
Crucial meeting tomorrow

Crucial meeting tomorrow

Finance Minister Ishaq Dar has convened a meeting of traders and Federal Board of Revenue (FBR) on Wednesday (July 8) to discuss the issue of 0.6 percent withholding tax on banking transactions of non-filers of income tax returns. When contacted, sources
Published 07 Jul, 2015 12:00am
The Weather

The Weather

The weather report on Monday (July 06, 2015) and the forecast for Tuesday (July 07, 2015).

Published 07 Jul, 2015 12:00am
Eid holidays

Eid holidays

Interior Minister has approved summary that Friday Monday and Tuesday (17, 20 &21) be declared as Eid-ul-Fitr holidays for federal government. (Saturday and Sunday are already off in capital).
Published 07 Jul, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (July 06, 2015).

Published 07 Jul, 2015 12:00am
Eid holidays

Eid holidays

Interior Minister has approved summary that Friday Monday and Tuesday (17, 20 &21) be declared as Eid-ul-Fitr holidays for federal government. (Saturday and Sunday are already off in capital).
Published 07 Jul, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (July 06, 2015).

Published 07 Jul, 2015 12:00am
Saturday, Sunday: power shortfall soared to 6500 megawatts

Saturday, Sunday: power shortfall soared to 6500 megawatts

Power loadshedding is according to schedule after two days of unscheduled load shedding across Pakistan sans Karachi as temperature is now lower due to scattered rains. Well-informed sources told Business Recorder that electricity peak demand on 4
Published 07 Jul, 2015 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 07 Jul, 2015 12:00am
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