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Print - 2015-08-04
Three FWO men killed, 7 hurt in road accident

Three FWO men killed, 7 hurt in road accident

At least three personnel of government owned construction company, Frontier Works Organisation (FWO) were killed and seven others injured when a vehicle overturned here in the wee hours of Monday. Sources said that an over speeding vehicle of FWO turned t
Published 04 Aug, 2015 12:00am
Debating Championship: Pakistan team reaches semi-final

Debating Championship: Pakistan team reaches semi-final

The Debating Society of Pakistan is proud to announce that the Pakistan national U19 debating team has reached the semi-final of the World Schools Debating Championship 2015, being held in Singapore. The team, consisting of Asad Zafar Haider (Aitchison),
Published 04 Aug, 2015 12:00am
New fishing season begins with traditional rituals

New fishing season begins with traditional rituals

As the new fishing season has begun with traditional rituals at the country's largest fisheries, the fishermen are eager to know whether it was the changing climate or dwindling fish and shrimp species that was responsible for the fall in seafood catch la
Published 04 Aug, 2015 12:00am
PBIF chief urges businessmen to invest in Fata

PBIF chief urges businessmen to invest in Fata

President Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has urged business community to take advantage of the relative conducive environment emerging in Federally Administered Tribal Areas (FATA) for investment and divert their in
Published 04 Aug, 2015 12:00am
ATC grants bail to Rauf Siddiqui till August 15

ATC grants bail to Rauf Siddiqui till August 15

An Anti-Terrorism Court (ATC) on Monday granted the interim bail to Muttahida Qaumi Movement, (MQM) leader Abdur Rauf Siddiqui in six cases registered against him for listening a hate speech of MQM Chief Altaf Hussain. The MQM leader Rauf Siddiqui appeare
Published 04 Aug, 2015 12:00am
Call to repair telephone connections

Call to repair telephone connections

The Chairman SITE Association of Trade and Industry, Muhammad Aslam Bawani has expressed his deep concern over non-repair of over 200 telephone connections of Industrial Zone, causing huge losses to business community. In a statement issued here on Monday
Published 04 Aug, 2015 12:00am
Floods claim 118 lives across country: NDMA

Floods claim 118 lives across country: NDMA

Rescue and relief operation is in full swing in the flood-hit areas across the country that claimed 118 lives. According to National Disaster Management Authority (NDMA) data, 118 people have so far lost their lives due to floods, of which 59 died in Khyb
Published 04 Aug, 2015 12:00am
Turkish business team arriving today

Turkish business team arriving today

A 10-member business delegation from Turkey is arriving today (Tuesday) to have firsthand information regarding the business opportunities in Pakistan. The delegation comprises chief executive officers, chairmen, and directors of 10 leading Turkish compan
Published 04 Aug, 2015 12:00am
Coordinator NACTA resigns

Coordinator NACTA resigns

Co-ordinator of National Counter Terrorism Authority (NACTA) Hamid Ali Khan resigned from his position on Monday. Mr Khan has been directed to work in his capacity till the appointment of new co-ordinator. According to Interior Ministry, Coordinator NACTA
Published 04 Aug, 2015 12:00am
Joint working group set up to resolve jurisdiction issue

Joint working group set up to resolve jurisdiction issue

Pakistan Standards and Quality Control Authority (PSQCA) and Punjab Food Authority (PFA) with a view to resolving the issue of jurisdiction and technical barriers have decided to establish a joint working group. According to the PSQCA's media adviser, a d
Published 04 Aug, 2015 12:00am
DPP chief seeks businessmen's help in setting up FSRA

DPP chief seeks businessmen's help in setting up FSRA

Director General of Department of Plant Protection Dr Mubarak Ahmed has sought the support of business community in getting established Food Safety Regulatory Authority (FSRA). Speaking at a meeting of Karachi Chamber of Commerce and Industry (KCCI), he s
Published 04 Aug, 2015 12:00am
Work stress adversely affecting output: Noshaba

Work stress adversely affecting output: Noshaba

Renowned US psychologist Noshaba Amjad said that work stress is most common psychological problem which is badly affecting the output of local business community. Talking to newsmen, she said that Faisalabad is known for its business activities but the ou
Published 04 Aug, 2015 12:00am
US official meets Army, Air chiefs

US official meets Army, Air chiefs

Heidi Grant, Deputy under Secretary US Air Force/International Affairs called on Chief of the Army Staff (CoAS), General Raheel Sharif Monday. Matters of mutual interest including regional stability were discussed. Earlier, Deputy under Secretary of US Ai
Published 04 Aug, 2015 12:00am
TDAP holds 'mango show' in Islamabad

TDAP holds 'mango show' in Islamabad

Trade Development Authority of Pakistan (TDAP) organised a mango show at a local hotel in Islamabad to showcase the variety of Pakistani mangoes to the Islamabad based Diplomatic community. According to a press release issued by TDAP, the occasion was gra
Published 04 Aug, 2015 12:00am
SECP notifies Bancassurance Regulations

SECP notifies Bancassurance Regulations

The Securities and Exchange Commission of Pakistan (SECP), with the approval of the SEC Policy Board, has notified the 2015 Bancassurance Regulations. With the implementation of the regulations, it is envisaged that the long-term interests of three primar
Published 04 Aug, 2015 12:00am
Sindh moves to arrest high- profile corrupt officials

Sindh moves to arrest high- profile corrupt officials

Chairman Enquiries and Anti-Corruption Establishment Sindh Syed Mumtaz Ali Shah has given the officials concerned a go-ahead to conduct raids and arrest corrupt officials involved in tanker mafia business in Karachi, Town Municipal Administration across t
Published 04 Aug, 2015 12:00am
Sindh Minister shares details of LB polls with Governor

Sindh Minister shares details of LB polls with Governor

Sindh Minister for Local Bodies, Syed Nasir Hussein Shah called on Sindh Governor Dr Ishrat ul Ebad on Monday and apprised him of measures being adopted for municipality elections in the province. He shared with the Sindh Governor details about steps take
Published 04 Aug, 2015 12:00am
Physical remand of KDA officials extended by two days

Physical remand of KDA officials extended by two days

Anti-terrorism court (ATC) in Karachi has extended physical remand of two Karachi Development Authority (KDA) land department officials in china cutting case for two days. The suspects, identified as Mujeeb Ullah Siddiqui and Faisal Masroor Siddiqui, were
Published 04 Aug, 2015 12:00am
SHC summons Kaneria

SHC summons Kaneria

The Sindh High Court (SHC) on Monday summoned banned Pakistani leg spinner Danish Prabha Shankar Kaneria for 18th August 2015 as England & Wales Cricket Board (ECB) approached the court to help them for recovering Rs 39 million from him. In this regard, t
Published 04 Aug, 2015 12:00am
Pakistan has all ingredients to be next Colombia or Indonesia: Runde

Pakistan has all ingredients to be next Colombia or Indonesia: Runde

Pakistan has all the necessary ingredients to be the next Colombia or Indonesia," said Daniel F Runde from the Center for Strategic and International Studies (CSIS).He was speaking at a seminar organised by NUST Global Think Tank Network (GTTN) in collabo
Published 04 Aug, 2015 12:00am
ST Committee mulls deliberations to sort out issues

ST Committee mulls deliberations to sort out issues

The first meeting of the Sales Tax Committee, one of the three committees constituted by the government last week to facilitate talks and resolve issues facing the business community, was held in the FBR Headquarters here on Monday to take up a host of Sa
Published 04 Aug, 2015 12:00am
KSE index may hit 37,000-point level by December: analysts

KSE index may hit 37,000-point level by December: analysts

Currently volatile though, the equity analysts expect the Karachi share market to cross the 37,000 points psychological barrier by December this year. With the conclusion of July (2015), the country's largest bourse emerged as a record-breaking portfolio
Published 04 Aug, 2015 12:00am
Independence Day: IG directs extraordinary security

Independence Day: IG directs extraordinary security

Inspector General of Police (IGP), Sindh, Ghulam Haider Jamali has directed police officials to take extraordinary security measures in the province especially in the mega city on Independence Day- August 14. According to a communiqué on Monday, the IGP a
Published 04 Aug, 2015 12:00am
Research culture being promoted: SU VC

Research culture being promoted: SU VC

The Vice-Chancellor of the University of Sindh, Professor Dr Abida Taherani has said that the efforts are being made to promote a research culture on the campus. She said that research must not only be an essential requirement for teachers but also for st
Published 04 Aug, 2015 12:00am
More rains likely in various parts of country

More rains likely in various parts of country

The Met office here on Monday forecast more rain-thundershower at different places during the next 24 hours. According to sources rain-thundershower is expected at scattered places in Malakand, Hazara, Mardan, Peshawar, Kohat, Bannu, Rawalpindi, Gujranwal
Published 04 Aug, 2015 12:00am
Six vehicles handed over to POF Welfare Transport Service

Six vehicles handed over to POF Welfare Transport Service

A function regarding handing over of three new Hino buses and three Toyota Hiace vans to POF Welfare Transport Service held at Ordnance Club. Lieutenant General Omar Mahmood Hayat, HI(M) Chairman POF Board was the chief guest of the ceremony who handed ov
Published 04 Aug, 2015 12:00am
KP MPAs call for production of Afridi in assembly

KP MPAs call for production of Afridi in assembly

Legislators from opposition as well as treasury benches Monday called for the production of the arrested PTI minister Ziaullah Afridi in the house. The issue was first raised by Zarin Gul of JUI-F, who on the floor of the house said that a member of the h
Published 04 Aug, 2015 12:00am
Air chief warns of befitting response to any IS misadventure

Air chief warns of befitting response to any IS misadventure

Air Chief Marshal Sohail Aman on Monday warned that if the global terror network Daesh/ISIS dared to look towards Pakistan, it would get a befitting response and its fate would not be different from the Tehreek-e-Taliban Pakistan (TTP).
Published 04 Aug, 2015 12:00am
Roof collapse: six of a family killed in Bajaur Agency

Roof collapse: six of a family killed in Bajaur Agency

At least six members of a family died and four others sustained injuries when roof of their house collapsed at them on Monday morning due to heavy rain. According to political administration sources, the incident occurred in Manmond area of Bajuar Agency
Published 04 Aug, 2015 12:00am
KP IGP suspends SHO, two ASIs

KP IGP suspends SHO, two ASIs

The Inspector General of Police (IGP) Khyber Pakhtunkhwa Nasir Khan Durrani has suspended a SHO and Two ASIs and issued show cause notice to them for further departmental action. According to details a citizen namely Humayun S/o Ataullah of Shabqadar Batt
Published 04 Aug, 2015 12:00am
'FC deployed in Harnai to protect mines'

'FC deployed in Harnai to protect mines'

Minister of State for Interior Muhammad Balighur Rehman has said that FC has been deployed in Harnai in Balochistan to protect coalmines where mining activity has resumed after a long time. He was winding up discussion on a motion in the Senate on Monday
Published 04 Aug, 2015 12:00am
Torrential rains 78 killed, 48 injured in KP: PDMA

Torrential rains 78 killed, 48 injured in KP: PDMA

At least 78 persons have been killed and 48 others injured, 1724 houses partially while 437 completely damaged in the recent torrential rains in Khyber Pakhtunkhwa. According to statistics collected so far, 1030 and 250 houses have partially been damaged
Published 04 Aug, 2015 12:00am
KP government bans manufacturing, use of polythene bags

KP government bans manufacturing, use of polythene bags

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has ordered a ban over manufacturing and use of polythene shopping bags that cause choking of sanitation system and environmental degradation. The ban will be implemented after two months and during this pe
Published 04 Aug, 2015 12:00am
Nine thieves held with 11 stolen bikes

Nine thieves held with 11 stolen bikes

Islamabad police had arrested nine bike lifters and recovered 11 stolen bikes from their possession during one week a police spokesman said. He said that SP (Investigation) Muhammad Ilyas had constituted special teams including personnel of Anti-Car Lifti
Published 04 Aug, 2015 12:00am
NAB arrests ex-KP revenue minister

NAB arrests ex-KP revenue minister

National Accountability Bureau (NAB) Khyber Pakhtunkhwa on Monday arrested provincial minister Revenue, Syed Murid Kazim for alleged involvement in corruption and corrupt practices, included misuse of authority.
Published 04 Aug, 2015 12:00am
Schools in flood-hit areas to reopen on August 15

Schools in flood-hit areas to reopen on August 15

Provincial Minister for Anti-Terrorism & Chairman Cabinet Committee on Flood Colonel Shuja Khanzada (R) has said that other areas, like the schools of flood-hit areas, will also open on August 15. However, local administration will be authorised to take d
Published 04 Aug, 2015 12:00am
14 suspects held

14 suspects held

Police have rounded up 14 suspects for lacking proper identity papers following a search operation in the Nawab Town area. Top police officials claimed on Monday that a heavy contingent raided the area to arrest the suspects. The suspects are residents of
Published 04 Aug, 2015 12:00am
WHT on bank transactions: traders hailed for staging successful strike

WHT on bank transactions: traders hailed for staging successful strike

The Progressive Group in the Lahore Chamber of Commerce and Industry has congratulated the traders and business community for staging a successful shutter down strike across the country to press the government for withdrawal of 0.3 percent withholding tax
Published 04 Aug, 2015 12:00am
Construction of small dams Shahbaz seeks World Bank assistance

Construction of small dams Shahbaz seeks World Bank assistance

A top-level delegation, led by Managing Director and Chief Operating Officer of the World Bank Group Sri Mulyani Indrawati, met the Punjab chief minister on Monday to talk about matters of mutual interest and promotion of co-operation in education, health
Published 04 Aug, 2015 12:00am
PDWP Punjab approves 12 uplift schemes worth Rs 59.572 billion

PDWP Punjab approves 12 uplift schemes worth Rs 59.572 billion

The Provincial Development Working Party Punjab approved twelve development schemes of various development Sectors with an estimated cost of Rs 59,057.572 million including Punjab Police Integrated Command, Control & Communication (PP-IC3) Programme at th
Published 04 Aug, 2015 12:00am
Foreign investors Stock markets quite attractive: LSE MD

Foreign investors Stock markets quite attractive: LSE MD

Lahore Stock Exchange Managing Director Aftab Ahmad Chaudhry said in a speech during a luncheon reception on Monday honouring the Lahore Economic Journalists Association that Pakistani stock markets are generating profits more than any other stock market
Published 04 Aug, 2015 12:00am
MQM chief asked to stop challenging sovereignty of Pakistan

MQM chief asked to stop challenging sovereignty of Pakistan

Pakistan Muslim League-Nawaz leader Syed Zaeem Hussain Qadri has suggested that the Muttahida Qaumi Movement boss should stop challenging the country's sovereignty and making anti-state statements. Pakistan Muslim League-Nawaz leader Syed Zaeem Hussain Qa
Published 04 Aug, 2015 12:00am
Government will continue to support Kashmiris: National Assembly told

Government will continue to support Kashmiris: National Assembly told

Federal Minister of Commerce Khurram Dastgir Khan has said that Kashmir is a key issue of Pakistan and it should be resolved according to the aspirations of the Kashmiri people in the line with the United Nations' resolution. The minister expressed these
Published 04 Aug, 2015 12:00am
Purchase of substandard ink Senate body seeks report from Nadra

Purchase of substandard ink Senate body seeks report from Nadra

Senate Standing Committee on Interior on Monday sought a detailed report from National Database and Registration Authority (Nadra) on purchase of substandard magnetic ink for 2013 general elections. The committee met in the Parliament House with Senator R
Published 04 Aug, 2015 12:00am
Promotions of bureaucrats: government moves IHC against order

Promotions of bureaucrats: government moves IHC against order

The federal government approached the Islamabad High Court on Monday, seeking suspension of court's earlier order against promotions of bureaucrats. Justice Aamir Farooq took up the case and after a preliminary hearing of the petition issued notices to ci
Published 04 Aug, 2015 12:00am
LB polls in Islamabad: SC seeks progress report from AGP

LB polls in Islamabad: SC seeks progress report from AGP

The Supreme Court on Monday sought progress report about framing rules in accordance with amended Islamabad Capital Territory Local Governments Bill 2015 from Attorney General for Pakistan (AGP) by August 05. Appearing before a two-judge bench headed by J
Published 04 Aug, 2015 12:00am
July CPI inflation soars to 0.36 percent MoM

July CPI inflation soars to 0.36 percent MoM

The CPI inflation increased to 0.36 percent in July 2015 over previous month, according to Pakistan Bureau of Statistics. The PBS, which compiles and releases inflation figures, said Monday that the inflation rate was recorded at 0.36 percent in July 2015
Published 04 Aug, 2015 12:00am
Chitralis launch 'flood awareness' campaign

Chitralis launch 'flood awareness' campaign

Former Tehsil Nazim Chitral, civil society and residents of Chitral on Monday announced to launch awareness campaign Save Chitral Save Pakistan (SCSP) movement and make the people aware about possible damages from torrential rains and flood.
Published 04 Aug, 2015 12:00am
Pakistan, Egypt share common perceptions on terrorism: Rana

Pakistan, Egypt share common perceptions on terrorism: Rana

Minister for Defence Production, Rana Tanveer Hussain on Monday said Pakistan and Egypt have common perception on terrorism and condemned it in all its forms and manifestations. He was speaking as chief guest at a reception hosted by Ambassador of the Rep
Published 04 Aug, 2015 12:00am
CPP condemns Altaf's speech

CPP condemns Altaf's speech

The Communist Party of Pakistan (CPP) Chairman Eng Jameel Ahmad Malik has strongly condemned the speech of Muttahida Qaumi Movement (MQM) chief Altaf Hussain. Jameel said that sarcastic poems were read and accusations were levelled against the army at a t
Published 04 Aug, 2015 12:00am
Encroachment: Punjab government asked to submit record

Encroachment: Punjab government asked to submit record

The Supreme Court Monday issued directives to Punjab government to submit the record relating to encroachment on forest land for developing a private housing society as well as construction of Dadhocha Dam in Rawalpindi. A two-member bench led by Justice
Published 04 Aug, 2015 12:00am
Minister for replacement of old radio transmitters

Minister for replacement of old radio transmitters

Information Minister for Broadcasting and National Heritage Pervaiz Rashid on Monday directed the Director General of Radio Pakistan to chalk out a plan for the replacement of its old transmitters to ensure uninterrupted and quality broadcast. The ministe
Published 04 Aug, 2015 12:00am
Jashan-e-Azadi preparations begin in AJK

Jashan-e-Azadi preparations begin in AJK

With the advent of the nation-wide brisk preparations to celebrate the independent of the mother-land with traditional zeal and fervour, preparations are also afoot across Azad Jammu & Kashmir to celebrate the 68th Independence Day of Pakistan on August 1
Published 04 Aug, 2015 12:00am
Sindh government reluctant to fill grade-20 doctors' posts

Sindh government reluctant to fill grade-20 doctors' posts

Shortage of senior general cadre doctors of BS-20 has surfaced in Sindh as after retirement of Dr Safiullah Abbasi from the post of Medical Superintendent, Chandka Medical College Hospital, Sindh Government, on August 31, 2015, no other BS-20 officer is p
Published 04 Aug, 2015 12:00am
Karachi operation to continue in larger national interest: Rashid

Karachi operation to continue in larger national interest: Rashid

Federal Minister for Information, Broadcasting and National Heritage Senator Pervaiz Rashid Monday said no one could defend the statements of Muttahida Qaumi Movement's (MQM) Chief Altaf Hussain in any way. Talking to a news channel, the minister said eve
Published 04 Aug, 2015 12:00am
QMC joins hands with NAB: Anti-corruption billboards placed

QMC joins hands with NAB: Anti-corruption billboards placed

The Quetta Metropolitan Corporation (QMC) has joined hands with the National Accountability Bureau (NAB) to raise public awareness about corruption by placing Anti-corruption Billboards along one particular stretch of roads in the provincial capital. As p
Published 04 Aug, 2015 12:00am
IESCO power shutdown notice

IESCO power shutdown notice

According to IESCO spokesman, due to electricity maintenance/development work, power supply of the following grids/feeders would remain suspended as under: On August 4, 6, 11, 13 & 17 from 08:00am to 12:00noon from Zero Point Grid G-9/4 feeder G-9/4 secto
Published 04 Aug, 2015 12:00am
Shafqat Hussain faces gallows despite protests

Shafqat Hussain faces gallows despite protests

Government is preparing Tuesday to hang a convicted killer whose case has attracted international protests because family members say he was a juvenile at the time of the crime. Shafqat Hussain was sentenced to death for killing a seven-year-old boy in Ka
Published 04 Aug, 2015 12:00am
'Mansour's appointment fuels divisions'

'Mansour's appointment fuels divisions'

According to a Business Recorder report, the appointment of Mulla Akhtar Mansour as the successor to Mulla Omar has fuelled divisions within the ranks of Afghan Taliban with many prominent Taliban reportedly challenging his appointment as the new c
Published 04 Aug, 2015 12:00am
The changing face of Russia's emblematic matryoshka dolls

The changing face of Russia's emblematic matryoshka dolls

From cheery peasant girls in Tsarist times to Soviet-era cosmonauts to today's Pussy Riots, the changing face of Russia's matryoshka nesting dolls reflects the country's tumultuous history. For tourists the dolls inside dolls that generally depict a buxom
Published 04 Aug, 2015 12:00am
Budget deficit for 2014-15

Budget deficit for 2014-15

Questions are being raised in Pakistan about the true health of the economy in general and fiscal health in particular in print and electronic media. Independent economists with strong credentials, business/industry leaders and informed public at large be
Published 04 Aug, 2015 12:00am
Corruption becoming the mindset?

Corruption becoming the mindset?

Regretting the fact that corruption had taken roots in Pakistan's society while addressing the newly promoted BPS-22 grade officers at the Aiwan-e-Sadr, the President asked them to always act in the best interest of the State and the nation, and strive to
Published 04 Aug, 2015 12:00am
This time Altaf has gone way too far

This time Altaf has gone way too far

That Muttahida Qaumi Movement (MQM) chief has bitten off more than he can chew or this time he has gone too far is a fact that has found its best expression in its national leadership's inability to endorse or to defend what he had said in his London diat
Published 04 Aug, 2015 12:00am
Aviation sector suffers from poor vision

Aviation sector suffers from poor vision

The federal government and its advisors lack any kind of vision regarding the adverse consequences that have arisen from the open sky policy of PML (N) government. Travel by air is not a luxury but has become a necessity. Rate of taxes on an airline ticke
Published 04 Aug, 2015 12:00am
ICE cotton falls in broad commodities rout
Cotton

ICE cotton falls in broad commodities rout

Benchmark cotton on ICE Futures US fell on Monday in line with other commodities, as manufacturing data in China showed factory activity there fell more than initially expected last month. "We're just having a hard time climbing," said Louis Rose, indepen
Published 04 Aug, 2015 12:00am
Shanghai copper fall to 37,440 yuan

Shanghai copper fall to 37,440 yuan

Shanghai copper is expected to fall to 37,440 yuan per tonne as it has broken a support at 38,200 yuan. The support was at the 14.6 percent Fibonacci retracement on the fall from the June 29 high of 42,620 yuan to the July 28 low of 37,440 yuan. This is t
Published 04 Aug, 2015 12:00am
Copper slides to six-year low on China growth fears

Copper slides to six-year low on China growth fears

Copper prices hit six-year lows on Monday as manufacturing data from top consumer China and a slide in Shanghai equities reinforced concerns about its economic growth prospects. Three-month copper on the London Metal Exchange tumbled 1.7 percent to $5,142
Published 04 Aug, 2015 12:00am
Oil sinks to six-month low amid weak data, slump in gasoline

Oil sinks to six-month low amid weak data, slump in gasoline

Oil sank to six-month lows on Monday with Brent crude falling below $50 a barrel on sluggish US and Chinese economic data and bets for weaker gasoline consumption in the United States after tearaway demand earlier in the summer. Evidence of growing global
Published 04 Aug, 2015 12:00am
Tokyo rubber futures fall to over three-month low

Tokyo rubber futures fall to over three-month low

Benchmark Tokyo rubber futures tumbled nearly 3 percent on Monday, hitting their lowest in more than three months, as China's weak economic data fuelled worries about slow demand in the world's biggest buyer, prompting a flurry of fresh selling. The Tokyo
Published 04 Aug, 2015 12:00am
EU wheat slips to six-week low as harvest weighs

EU wheat slips to six-week low as harvest weighs

Euronext wheat futures fell to a six-week low on Monday, sapped by an advancing harvest in western Europe and the Black Sea region that was set to yield ample supplies for export markets. Paris prices were also curbed by a six-week low for US wheat and a
Published 04 Aug, 2015 12:00am
Raw sugar hits 6-1/2-year low on weak Brazil currency
Currency

Raw sugar hits 6-1/2-year low on weak Brazil currency

Raw sugar futures dropped almost 2 percent to a new 6-1/2-year low on Monday, pressured by a weaker Brazilian currency and hefty stocks in India and Thailand. The weakening in the Brazilian real also dragged on arabica coffee futures, while New York cocoa
Published 04 Aug, 2015 12:00am
Gold struggles in Asian trade

Gold struggles in Asian trade

Gold steadied not far above a 5-1/2-year low on Monday, struggling to scale higher at the start of the month after its deepest loss in two years in July, as expectations for a near-term hike in US interest rates kept sellers nearby. Gold's rout deepened l
Published 04 Aug, 2015 12:00am
Gold down on dollar after biggest monthly loss in two years

Gold down on dollar after biggest monthly loss in two years

Gold edged lower on Monday, after falling by the most in two years in July, as the dollar steadied and investors monitored US economic indicators for clues on the timing of a hike in US interest rates. Spot gold was down 0.3 percent at $1,091.90 an ounce
Published 04 Aug, 2015 12:00am
US MIDDAY: corn steady

US MIDDAY: corn steady

Basis bids for corn shipped by barge to the US Gulf Coast were mostly steady to firm early on Monday while soybean and wheat basis bids were unchanged, traders said. Lower Chicago Board of Trade futures markets limited farmer selling interest, which kept
Published 04 Aug, 2015 12:00am
US MIDDAY: soybean higher

US MIDDAY: soybean higher

Soybean spot basis bids were sharply higher at processing plants around the US Midwest on Monday, supported by tight existing supplies and a slow pace of farmer sales, traders said. Farmers delayed sales of soybeans, corn and wheat as futures for the crop
Published 04 Aug, 2015 12:00am
US MIDDAY: gold down

US MIDDAY: gold down

Gold dropped on Monday, after falling by the most in two years in July, as the dollar rose and investors monitored US economic indicators for clues on the timing of a hike in US interest rates. Spot gold was down 0.9 percent at $1,086.06 an ounce by 3:02
Published 04 Aug, 2015 12:00am
India''s parliament suspends 25 lawmakers in uproar

India''s parliament suspends 25 lawmakers in uproar

India''s parliament Monday suspended 25 opposition lawmakers following days of uproar and disruptions that have so far thwarted the government''s hopes of passing major economic reforms in the current session. The lawmakers, from the main opposition Congr
Published 04 Aug, 2015 12:00am
India's parliament suspends 25 lawmakers in uproar

India's parliament suspends 25 lawmakers in uproar

India's parliament Monday suspended 25 opposition lawmakers following days of uproar and disruptions that have so far thwarted the government's hopes of passing major economic reforms in the current session. The lawmakers, from the main opposition Congres
Published 04 Aug, 2015 12:00am
India's parliament suspends 25 lawmakers in uproar

India's parliament suspends 25 lawmakers in uproar

India's parliament Monday suspended 25 opposition lawmakers following days of uproar and disruptions that have so far thwarted the government's hopes of passing major economic reforms in the current session. The lawmakers, from the main opposition Congres
Published 04 Aug, 2015 12:00am
Imposition of WHT challenged

Imposition of WHT challenged

A petition has been filed in the Sindh High Court (SHC), stating that imposition of withholding tax on banking transaction is a violation of Article 77 of the constitution. The petition was submitted by Maulvi Iqbal Haider and Amjad Narejo. The plaintiffs
Published 04 Aug, 2015 12:00am
Imposition of WHT challenged

Imposition of WHT challenged

A petition has been filed in the Sindh High Court (SHC), stating that imposition of withholding tax on banking transaction is a violation of Article 77 of the constitution. The petition was submitted by Maulvi Iqbal Haider and Amjad Narejo. The plaintiffs
Published 04 Aug, 2015 12:00am
Imposition of WHT challenged

Imposition of WHT challenged

A petition has been filed in the Sindh High Court (SHC), stating that imposition of withholding tax on banking transaction is a violation of Article 77 of the constitution. The petition was submitted by Maulvi Iqbal Haider and Amjad Narejo. The plaintiffs
Published 04 Aug, 2015 12:00am
Turkish power ship: resolution of dispute in sight

Turkish power ship: resolution of dispute in sight

Pakistan and Turkish firm M/s Karkey Karadeniz Electric Uretim which established a 231MW rental power offshore at Karachi are reportedly engaged in out-of-court settlement, well informed official sources told Business Recorder. Pakistan recently pa
Published 04 Aug, 2015 12:00am
The Weather

The Weather

The weather report on Monday (August 03, 2015) and the forecast for Tuesday (August 04, 2015).

Published 04 Aug, 2015 12:00am
Turkish power ship: resolution of dispute in sight

Turkish power ship: resolution of dispute in sight

Pakistan and Turkish firm M/s Karkey Karadeniz Electric Uretim which established a 231MW rental power offshore at Karachi are reportedly engaged in out-of-court settlement, well informed official sources told Business Recorder. Pakistan recently pa
Published 04 Aug, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (August 03, 2015).

Published 04 Aug, 2015 12:00am
Turkish power ship: resolution of dispute in sight

Turkish power ship: resolution of dispute in sight

Pakistan and Turkish firm M/s Karkey Karadeniz Electric Uretim which established a 231MW rental power offshore at Karachi are reportedly engaged in out-of-court settlement, well informed official sources told Business Recorder. Pakistan recently pa
Published 04 Aug, 2015 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 04 Aug, 2015 12:00am
PTI MNAs: PML-N, PPP, others to oppose motions

PTI MNAs: PML-N, PPP, others to oppose motions

Ruling Pakistan Muslim League-Nawaz (PML-N) will oppose the motions seeking de-seating of Pakistan Tehreek-e-Insaf (PTI) lawmakers. Finance Minister Muhammad Ishaq Dar made this announcement on behalf of the prime minister on the floor of the National Ass
Published 04 Aug, 2015 12:00am
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