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Nov 02, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-09-15
Philippines buy Australian feed wheat, US soyameal

Philippines buy Australian feed wheat, US soyameal

A group of animal feed makers in the Philippines has purchased about 110,000 tonnes of Australian-origin feed wheat and about 90,000 tonnes of soyameal to be sourced from the United States, European traders said on Friday. The wheat and soyameal had both
Published 15 Sep, 2015 12:00am
Indian soyabean futures fall on sluggish demand

Indian soyabean futures fall on sluggish demand

Indian soyabean futures dropped on Monday on sluggish exports demand for soyameal, while soyaoil and rapeseed fell on a stronger rupee. A strong rupee makes edible oil imports cheaper and trims margin of oilmeal exporters. The rupee rose on Monday.
Published 15 Sep, 2015 12:00am
Rice prices lower on grain market
Cotton

Rice prices lower on grain market

Rice prices were down on the local grain market on Monday in the process of modest trading, dealers said. On the rice side, Irri-9 Sindh dropped by Rs 100 to Rs 3200 and Rs 3300, Irri-6 Sindh low type shed Rs 5 to Rs 2775 while the good variety was unchan
Published 15 Sep, 2015 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Friday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 3,940 million. The number of lots traded was 17.40 million. PMEX Commodity Index closed at 2,483. Major business was contributed by gold amounting to PKR 3,166 million followed by cru
Published 15 Sep, 2015 12:00am
Russian wheat prices little changed

Russian wheat prices little changed

Russian wheat export prices were little changed last week ahead of a government decision on whether to reduce a floating export tax introduced on July 1, analysts said on Monday. Industry players widely expect the government to reduce the tax, which stops
Published 15 Sep, 2015 12:00am
US FOB Gulf soyabean premiums steady

US FOB Gulf soyabean premiums steady

Soyabean export premiums at the US Gulf Coast held steady on Friday, supported by rising demand for newly harvested beans and firm CIF barge basis values, traders said. A lack of competitive Brazilian offers for near term shipments has boosted demand for
Published 15 Sep, 2015 12:00am
US Midwest corn, soyabean bids flat

US Midwest corn, soyabean bids flat

Corn and soyabean spot basis bids were largely unchanged across the US Midwest on Friday as many farmers delayed sales while rains delayed the earliest phases of the autumn harvest, grain merchants said. Some growers sold small amounts of old- and new-cro
Published 15 Sep, 2015 12:00am
Shanghai rebar slips on demand worries

Shanghai rebar slips on demand worries

Shanghai steel futures dropped more than 1 percent on Monday on worries over lean seasonal demand, dragging down iron ore futures from 10-week highs. China's stocks slid after data suggesting economic growth was running below the 2015 target level of abou
Published 15 Sep, 2015 12:00am
European milling wheat futures ease before USDA report

European milling wheat futures ease before USDA report

European milling wheat futures eased on Friday in step with Chicago in light volume as traders adjusted positions ahead of closely watched US government crop forecasts and with strong export competition weighing on prices. Grain markets are awaiting month
Published 15 Sep, 2015 12:00am
Karachi Port's activities

Karachi Port's activities

The Karachi Port handled 295,355 tonnes of cargo comprising 225,922 tonnes of import cargo and 69,433 tonnes of export cargo including 7,538 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 225
Published 15 Sep, 2015 12:00am
India plans to boost sugar exports

India plans to boost sugar exports

India is working on a multi-year plan to boost sugar exports to deal with local oversupply, a government official was quoted as saying by an industry group, targeting markets in Africa, China and neighbouring countries in a move that could weigh on intern
Published 15 Sep, 2015 12:00am
Vedanta to shut Indian plant with 1,000 jobs lost

Vedanta to shut Indian plant with 1,000 jobs lost

British resources giant Vedanta said Monday it was closing an aluminium plant in India with the loss of 1,000 jobs due to a slump in metal prices and high energy costs. BALCO, owned by billionaire industrialist Anil Agarwal's Vedanta Group, will close the
Published 15 Sep, 2015 12:00am
Taking aim at Boeing, Airbus opens first US plant
Currency

Taking aim at Boeing, Airbus opens first US plant

European jetmaker Airbus inaugurated its first US plant Monday in a move to wrest away a chunk of Boeing's domination of the domestic aircraft market including lucrative Pentagon contracts. Airbus plans to assemble 40-50 of its single-aisle A320 family ev
Published 15 Sep, 2015 12:00am
Porsche and Audi unveil electric cars to take on Tesla

Porsche and Audi unveil electric cars to take on Tesla

The high-performance electric car market is shaping up to be a high-profile battleground featuring some of the world's most glamorous brands after Porsche and Audi unveiled models to challenge US pioneer Tesla Motors. Consumers have largely shunned electr
Published 15 Sep, 2015 12:00am
World Bank ranks Gujarat as best Indian state for business

World Bank ranks Gujarat as best Indian state for business

Gujarat, the state Prime Minister Narendra Modi ran for more than a decade, is India's best place for conducting business, the World Bank said on Monday, in a report that ranks the country's states in an effort to encourage them to cut red tape. The repor
Published 15 Sep, 2015 12:00am
Opec scales back 2016 oil forecast as emerging markets disappoint

Opec scales back 2016 oil forecast as emerging markets disappoint

The Opec oil cartel on Monday trimmed its forecast for global oil demand next year as emerging markets, which have been the motor of world growth in recent years, splutter. Cheap oil prices should be enough to keep oil demand growing slightly in volume te
Published 15 Sep, 2015 12:00am
Indian billionaire buys former US consulate for $105 million

Indian billionaire buys former US consulate for $105 million

The US government has sold a former maharaja's mansion in Mumbai to an Indian billionaire for $105 million, the businessman's son said Monday, four years after it was put on the market. Lincoln House was home to the US consulate from 1957 to 2011 after it
Published 15 Sep, 2015 12:00am
Deutsche Bank to cut workforce by a quarter

Deutsche Bank to cut workforce by a quarter

Deutsche Bank aims to cut roughly 23,000 jobs, or about one quarter of total staff, through layoffs mainly in technology activities and by spinning off its PostBank division, financial sources said on Monday. That would bring the group's workforce down to
Published 15 Sep, 2015 12:00am
Orders for new iPhones on record pace: Apple

Orders for new iPhones on record pace: Apple

Apple said Monday that pre-orders for its new iPhones set for release this month are on a pace to top last year's record for new handsets. "Customer response to iPhone 6s and iPhone 6s Plus has been extremely positive and preorders this weekend were very
Published 15 Sep, 2015 12:00am
China to let foreign central banks trade in forex market
Currency

China to let foreign central banks trade in forex market

China will allow foreign central banks to trade in its spot interbank foreign exchange market and trade currency derivatives such as swaps and forwards, the central bank said on Monday. The central bank also commented on a big discrepancy of 405.4 billion
Published 15 Sep, 2015 12:00am
Malaysia to pump in $4.6 billion to bolster stock market
Currency

Malaysia to pump in $4.6 billion to bolster stock market

Malaysia will inject up to $4.6 billion to bolster its stock market and will spend tens of millions of dollars on infrastructure projects to try to stimulate the slowing economy, Prime Minister Najib Razak said Monday. Najib, who is also finance minister,
Published 15 Sep, 2015 12:00am
Egypt's index upbeat; oil drags down Gulf markets

Egypt's index upbeat; oil drags down Gulf markets

Egypt's stock market rose on Monday on encouraging corporate news, while most Gulf bourses fell, tracking oil prices as they came under pressure from weak economic data out of China. The Cairo index rose 1.1 percent and Qalaa Holdings was one of the main
Published 15 Sep, 2015 12:00am
Sri Lankan shares edge up

Sri Lankan shares edge up

Sri Lankan shares edged up on Monday after two sessions of falls, led by gains in financials in low trading volume as investors were in a wait-and-see mode amid a weakening rupee and high interest rates, brokers said. The main stock index ended 0.13 perce
Published 15 Sep, 2015 12:00am
Indian shares post highest close in 2 weeks

Indian shares post highest close in 2 weeks

Indian shares closed 1 percent higher on Monday, posting their highest close in two weeks, as investors shrugged off weak Chinese data and uncertainty whether the US Federal Reserve would hike rates later this week. The benchmark BSE index gained 0.96 per
Published 15 Sep, 2015 12:00am
Nikkei falls on China worries

Nikkei falls on China worries

Japanese stocks fell on Monday as Chinese markets slid on soft economic data and telecommunication shares were sold off after Prime Minister Abe called on cellphone companies to reduce rates. The Nikkei share average lost 1.6 percent to close at 17,965.70
Published 15 Sep, 2015 12:00am
Hong Kong stocks rise

Hong Kong stocks rise

Hong Kong shares rose on Monday, but the gains were limited by a sharp correction in mainland stocks, as investors await this week's rate decision by the US Federal Reserve. The Hang Seng index rose 0.3 percent, to 21,561.90, while the China Enterprises I
Published 15 Sep, 2015 12:00am
Southeast Asian markets: Malaysia posts best gain in over 2 years

Southeast Asian markets: Malaysia posts best gain in over 2 years

Malaysia's key stock index posted its best gain in more than two years on Monday after government's stock market stimulus, while Philippine's benchmark index rose more than 2 percent as foreign inflows boosted select large caps. Other markets in Southeast
Published 15 Sep, 2015 12:00am
China stocks down two percent, shrug off reform plans for SOEs

China stocks down two percent, shrug off reform plans for SOEs

China stocks closed down on Monday as lingering concerns over the economy eclipsed weekend announcements from Beijing that reforms of bloated state-owned industries would accelerate. The day saw volumes recover after the prior week's subdued activity, but
Published 15 Sep, 2015 12:00am
European shares end lower, focus on Fed

European shares end lower, focus on Fed

European equities ended lower on Monday as investors grew jittery ahead of the Federal Reserve meeting in which the US central bank could take a decision to maintain or start raising interest rates after keeping them low for years. A Reuters poll showed o
Published 15 Sep, 2015 12:00am
Taiwan stocks down slightly

Taiwan stocks down slightly

Taiwan stocks were slightly down Monday as early gains gave way to caution over China's economy and markets. As of 0309 GMT, the main TAIEX index was down 0.1 points at 8,300.04, after closing up 0.5 percent on Friday at highs not seen in a month. The ele
Published 15 Sep, 2015 12:00am
Australian shares edge up
Currency

Australian shares edge up

Australian shares rose 0.4 percent on Monday in thin trading largely led by banks, and as investors looked for direction ahead of the US Federal Reserve meeting later this week. The S&P/ASX 200 index rose 20.1 points to 5,091.2 by 0203 GMT, after touching
Published 15 Sep, 2015 12:00am
FTSE loses ground as Glencore and Morrison fall

FTSE loses ground as Glencore and Morrison fall

Britain's top share index fell on Monday, with miner Glencore and supermarket group Morrison underperforming as weak Chinese data and the possibility of a US rate rise weighed on markets. The bluechip FTSE 100 index had initially risen but then lost groun
Published 15 Sep, 2015 12:00am
China's yuan firms
Currency

China's yuan firms

China's yuan erased early losses and firmed on Monday afternoon, supported by suspected intervention by the central bank via yuan-purchases by state-owned banks, traders said. The suspected intervention offset the early losses on the yuan, which were poss
Published 15 Sep, 2015 12:00am
Aussie trims gains
Currency

Aussie trims gains

The Australian dollar trimmed gains on Monday and dipped back below 71 US cents as political uncertainty at home weighed on sentiment already soured by a fall in Chinese stocks. The Aussie, often used as a liquid proxy for China plays, slid as far as $0.7
Published 15 Sep, 2015 12:00am
Dollar down in Asia
Currency

Dollar down in Asia

The dollar inched lower on Monday with investors sticking to the sidelines as the countdown begins on whether the Federal Reserve will hike interest rates for the first time in nearly a decade. The euro edged up 0.1 percent to $1.1350, holding on to last
Published 15 Sep, 2015 12:00am
Early trade in New York: steadies versus basket of currencies
Currency

Early trade in New York: steadies versus basket of currencies

The dollar held close to a three-week low against a basket of major currencies on Monday ahead of this week's Federal Reserve meeting, as investors bet interest rates would be kept at their record lows until at least December. The greenback has retreated
Published 15 Sep, 2015 12:00am
Dollar stalls in Europe as Fed rate hike expectations fade
Currency

Dollar stalls in Europe as Fed rate hike expectations fade

The dollar stalled near an almost three-week low against a basket of major currencies on Monday ahead of this week's Federal Reserve meeting, as investors bet interest rates would be kept at their record lows until at least December. The greenback has str
Published 15 Sep, 2015 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.25-6.50 percent (Previous 05.25-06.50 percent).
Published 15 Sep, 2015 12:00am
Angola further devaluates kwanza
Currency

Angola further devaluates kwanza

Angola further devalued its currency to 135.374 to the dollar on Monday from the previous 130.442, the central bank said in a statement. Angola, Africa's second largest crude producer, has been hit hard by a sharp fall in oil prices. Currencies across the
Published 15 Sep, 2015 12:00am
Asia currencies creep up
Currency

Asia currencies creep up

Most emerging Asian currencies rose slightly on Monday, ignoring weak China's economic data, while caution grew on whether the US Federal Reserve will raise interest rates this week for the first time in nearly a decade. The Singapore dollar rose after th
Published 15 Sep, 2015 12:00am
Canadian dollar flat
Currency

Canadian dollar flat

The Canadian dollar was little changed against the greenback on Monday, trading within a narrow range as investors positioned themselves ahead of the US Federal Reserve's interest rate decision later this week. The Fed had been indicating it planned to hi
Published 15 Sep, 2015 12:00am
Russian rouble edges lower

Russian rouble edges lower

Russia's rouble traded slightly lower early on Monday as oil prices slipped, but there was little market movement ahead of a rate decision by the US Federal Reserve later in the week which could send shockwaves through emerging markets. At 0740 GMT, the r
Published 15 Sep, 2015 12:00am
Sterling dips against dollar

Sterling dips against dollar

Sterling edged away from a three-week high against the dollar on Monday, with investors unwilling to make major bets ahead of a week packed with UK economic data and the most closely watched US Federal Reserve meeting in years. Whatever the Fed decides on
Published 15 Sep, 2015 12:00am
Sri Lankan rupee hits record low
Currency

Sri Lankan rupee hits record low

The Sri Lankan rupee touched an all-time low of 140.00 per dollar on Monday due to importer dollar demand, although it later regained some of the losses after a state bank sold dollars to arrest the fall, dealers said. The spot rupee fell 0.5 percent to 1
Published 15 Sep, 2015 12:00am
Japan's iron lady: Date-Krumm wins Tokyo opener

Japan's iron lady: Date-Krumm wins Tokyo opener

Japan's Kimiko Date-Krumm rolled back the years to thrash countrywoman Misaki Doi 6-4, 6-2 on Monday and reach the second round of the Japan Open. The former world number four, who turns 45 this month, needed just 79 minutes to see off Doi in windy condit
Published 15 Sep, 2015 12:00am
Nigeria get tough Olympics qualifying draw

Nigeria get tough Olympics qualifying draw

Nigeria received what appears to be a tougher task than South Africa when the 2016 Olympic Games African qualifying tournament draw was made in Cairo Monday. The Nigerians were placed in Group B with Egypt, Algeria and Mali while South Africa face hosts S
Published 15 Sep, 2015 12:00am
Assets, including flats in the Swiss Alps, seized in FIFA probe

Assets, including flats in the Swiss Alps, seized in FIFA probe

Apartments in the Alps are among assets seized in a probe into alleged corruption at FIFA, Switzerland's attorney general said Monday, warning that the inquiry had not yet reached "half-time". Switzerland's investigation targeting the bidding process for
Published 15 Sep, 2015 12:00am
Former England skipper Close dies

Former England skipper Close dies

Former Yorkshire and England captain Brian Close, one of the most physically courageous players in cricket history, has died at the age of 84, it was announced Monday. Close became the youngest player ever to win a Test cap for England when he made his de
Published 15 Sep, 2015 12:00am
Recent champions

Recent champions

Recent US Open men's champions after Sunday's final between Novak Djokovic and Roger Federer at Flushing Meadows:
Published 15 Sep, 2015 12:00am
Djokovic wins US Open and 10th major

Djokovic wins US Open and 10th major

Novak Djokovic clinched his third Grand Slam title of 2015 and 10th career major with a 6-4, 5-7, 6-4, 6-4 triumph over sentimental favourite Roger Federer in the US Open final on Sunday. Shrugging off a three-hour rain delay and the overwhelming hostilit
Published 15 Sep, 2015 12:00am
Guarin fires Inter top as Balotelli returns to fray

Guarin fires Inter top as Balotelli returns to fray

A Fredy Guarin piledriver fired Inter Milan two points clear at the top of Serie A with a 1-0 win over AC Milan, for whom Mario Balotelli made his second debut on Sunday. Having failed to qualify for Europe this season, both Milan giants are desperate to
Published 15 Sep, 2015 12:00am
Nintendo names new president

Nintendo names new president

Japanese videogame giant Nintendo said Monday it has appointed Tatsumi Kimishima as its new president two months after its chief executive died of cancer. Kimishima, who is currently the head of human resources, will take office on Wednesday, the company
Published 15 Sep, 2015 12:00am
Six dead in Nigeria school collapse

Six dead in Nigeria school collapse

Six people died after a primary school collapsed at a town near Jos, central Nigeria, the National Emergency Management Agency (NEMA) said on Monday. Three boys, two girls and a teacher were killed in the incident on Sunday at the Abu Naima school in Buku
Published 15 Sep, 2015 12:00am
US seizes music-sharing website

US seizes music-sharing website

US authorities have seized the website of Sharebeast, said to be the largest illegal music-sharing operation based on the United States. Visitors to the Sharebeast website and that of an affiliated domain, albumjams.com, saw a message from the Justice Dep
Published 15 Sep, 2015 12:00am
Poland agrees military cooperation with non-Nato Sweden

Poland agrees military cooperation with non-Nato Sweden

Nato member Poland on Monday signed a deal on military cooperation with non-member Sweden amid concerns raised by increased Russian military activity in the Baltic. "Once a sea of peace, the Baltic has become a sea of danger," Polish Defence Minister Toma
Published 15 Sep, 2015 12:00am
Sri Lanka to set up truth commission, consider war reparations

Sri Lanka to set up truth commission, consider war reparations

Sri Lanka's new unity government is planning a range of measures to ensure reconciliation after decades of war, including creating an office for war reparations and a truth commission, Foreign Minister Mangala Samaraweera said Monday. "The government of S
Published 15 Sep, 2015 12:00am
Russian authority finds Google guilty in antitrust probe

Russian authority finds Google guilty in antitrust probe

Russia's antitrust authority said Monday it had found US Internet giant Google guilty of unfairly keeping rival services off mobile devices in a probe demanded by local search engine provider Yandex. The Federal Antimonopoly Service deemed Google in breac
Published 15 Sep, 2015 12:00am
95,000 Russian troops in massive military drill

95,000 Russian troops in massive military drill

Russia on Monday launched its largest military exercises of the year, Centre-2015, involving some 95,000 soldiers including ground troops, navy and airforce units. The long-announced war games are "the most large-scale drill of 2015," the defence ministry
Published 15 Sep, 2015 12:00am
EU extends Ukraine sanctions by six months

EU extends Ukraine sanctions by six months

EU member states formally approved on Monday a six-month extension of sanctions against Ukrainian and Russian figures accused of backing pro-Moscow rebels fighting to break away from Kiev. "The assessment of the situation did not justify a change in the r
Published 15 Sep, 2015 12:00am
Egyptian forces kill tourists by mistake in desert strike

Egyptian forces kill tourists by mistake in desert strike

Egyptian security forces have mistakenly killed 12 people including Mexican tourists while chasing jihadists in the vast Western Desert, sparking condemnation of what Mexico called a "deplorable" air attack. A joint police and military operation Sunday "c
Published 15 Sep, 2015 12:00am
Twin suicide bomb blasts kill 26 in Syria's Hasakeh

Twin suicide bomb blasts kill 26 in Syria's Hasakeh

At least 26 people including two children were killed on Monday in twin suicide car bomb attacks in the north-eastern Syrian city of Hasakeh, a monitor said. The attack was later claimed by the Islamic State group, which has regularly targeted Hasakeh and
Published 15 Sep, 2015 12:00am
EU backs military action against Med people smugglers

EU backs military action against Med people smugglers

EU member states approved on Monday plans for military action against people smugglers in the Mediterranean, seizing and if necessary destroying boats to break up the networks operating out of Libya. "This important transition will enable the EU naval ope
Published 15 Sep, 2015 12:00am
Hungarian police close main entry point for migrants

Hungarian police close main entry point for migrants

Hungarian police on Monday closed off the main crossing point for thousands of migrants entering from Serbia every day, AFP journalists saw. Around 20 police were fencing off a 40-metre (-yard) gap in a razor-wire barrier along the border by a railway lin
Published 15 Sep, 2015 12:00am
North Korea hints at possible rocket launch

North Korea hints at possible rocket launch

North Korea hinted Monday at a possible satellite launch, fuelling speculation that it might attempt to fire a long-range rocket to coincide with a key political anniversary next month. Any such launch would invite fresh international sanctions and jeopar
Published 15 Sep, 2015 12:00am
NLC to set up modern terminal at Torkham border

NLC to set up modern terminal at Torkham border

The National Logistic Cell (NLC) will set up its state-of-the-art terminal at Torkham border with the financial assistance of Asian Development Bank (ADP) at a cost of Rs 9 billion. The proposed terminal to be constructed on an area, spreading over 432 ka
Published 15 Sep, 2015 12:00am
Injured policeman honoured

Injured policeman honoured

The Inspector General of Police (IGP) KP, Nasir Khan Durrani has said that those putting their precious lives in extreme dangerous against the terrorists would be encouraged at all cost. This, he said, while awarding cash prize and commendation certificat
Published 15 Sep, 2015 12:00am
General Campbell meets CoAS

General Campbell meets CoAS

Commander Resolute Support Mission and United States Forces - Afghanistan, General John F. Campbell called on Chief of Army Staff (CoAS) General Raheel Sharif here at GHQ on Monday. He was accompanied by acting SRAP, Jarrett Blanc. According to ISPR, matt
Published 15 Sep, 2015 12:00am
Pak Suzuki Motor Company

Pak Suzuki Motor Company

Pak Suzuki Motor Company Limited (KSE: PSMC) is the largest player in Pakistan's automobile industry. The company, incorporated in 1983 following a joint venture between Pakistan Automobile Corporation (PACO) and Suzuki Motor Corporation (SMC) Japan, acco
Published 15 Sep, 2015 12:00am
Pak Suzuki Motor Company

Pak Suzuki Motor Company

Pak Suzuki Motor Company Limited (KSE: PSMC) is the largest player in Pakistan's automobile industry. The company, incorporated in 1983 following a joint venture between Pakistan Automobile Corporation (PACO) and Suzuki Motor Corporation (SMC) Japan, acco
Published 15 Sep, 2015 12:00am
Taliban 'no-go zones' liberated in Karachi

Taliban 'no-go zones' liberated in Karachi

With a machine-gun in the back seat, his foot on the accelerator and wearing "Top Gun" style sunglasses, Azfar Mahesar pushes deeper into the heart of one of Karachi's "Talibanised" areas. "This used to be a war zone, but we have liberated it," says the s
Published 15 Sep, 2015 12:00am
IQFY2015-16: PR Karachi Division surpasses revenue target by 26 percent

IQFY2015-16: PR Karachi Division surpasses revenue target by 26 percent

Pakistan Railways (PR), Karachi Division, has surpassed its revenue target by 26 percent, as it earned around Rs 2.6 billion against the target of Rs 2.2 billion during the first three months of current financial year (FY), depicting an increase of Rs 462
Published 15 Sep, 2015 12:00am
Bangladesh: HC for enhancing bilateral trade

Bangladesh: HC for enhancing bilateral trade

Bangladesh High Commissioner Suhrab Hosain while expressing dissatisfaction over limited trade volume of less than $1 billion between Pakistan and Bangladesh, stressed the need to exchange trade delegations, enhance people-to-people and institutional link
Published 15 Sep, 2015 12:00am
LUMS inaugurates Shaikh Ahmad Hassan School of Law building

LUMS inaugurates Shaikh Ahmad Hassan School of Law building

The inauguration ceremony for the new building of The Shaikh Ahmad Hassan School of Law (SAHSOL) was held on September 12, 2015. The building spreads over an area of 78,000 square ft at the Lahore University of Management Sciences (LUMS) campus. It compri
Published 15 Sep, 2015 12:00am
FCS in dire financial straits

FCS in dire financial straits

The once financially strong Fishermen Co-operative Society (FCS) is now even unable to pay monthly salaries to its staff, let alone financing welfare activities. The FCS, which is a semi-government welfare association which primarily serves the poor fishe
Published 15 Sep, 2015 12:00am
Reduced interest rate not enough to spur growth: PBIF chief

Reduced interest rate not enough to spur growth: PBIF chief

Pakistan Businessmen and Intellectuals Forum's (PBIF) president Mian Zahid Hussain said here on Monday that the government would require policy interventions to improve the country's situation as the recent cut announced in the interest rate by the centra
Published 15 Sep, 2015 12:00am
FWBL, Fazaia Housing join hands

FWBL, Fazaia Housing join hands

First Women Bank Limited (FWBL) and Fazaia Housing Scheme Karachi have joined hands to provide banking services including financing to the allottees as per Bank's specified criterion and collection of installments from the allottees etc. In this regard a
Published 15 Sep, 2015 12:00am
Meezan Bank sets up Hajj booth at Haji Camp

Meezan Bank sets up Hajj booth at Haji Camp

In order to facilitate the pilgrims of Hajj, Meezan Bank has set up its first Hajj booth at Haji Camp, Karachi. Dr Muhammad Imran Ashraf Usmani, Shariah Advisor & Group Head Product Development and Shariah Compliance at Meezan Bank honoured this ceremony
Published 15 Sep, 2015 12:00am
Khuhro visits former minister in Karachi jail

Khuhro visits former minister in Karachi jail

Sindh Senior Minister for Information Nisar Ahmed Khuhro on Monday visited Central Jail, Karachi and met incarcerated former minister and PPP leader Syed Ali Nawaz Shah. He discussed with him the recent verdict of an Accountability Court, which convicted
Published 15 Sep, 2015 12:00am
Sugar mills Body to be formed to solve problems: Bosan
Cotton

Sugar mills Body to be formed to solve problems: Bosan

Federal Minister for Food Security and Research Sikandar Hayat Khan Bosan on Monday said that committees will be constituted at provincial level to resolve the problems which are being confronted by the sugar mills owners. He said this while addressing on
Published 15 Sep, 2015 12:00am
GDA to establish 'food street' in Galiyat valley

GDA to establish 'food street' in Galiyat valley

Galiyat Development Authority (GDA) has decided to establish a food street for tourists in the scenic valley of Galiyat, along with pacing up work on the ongoing development projects and new schemes. All development projects in picturesque valley of Galiy
Published 15 Sep, 2015 12:00am
Two traffic cops injured in firing incident

Two traffic cops injured in firing incident

Two traffic constables were injured in firing by unknown men here on Monday. According to sources, two traffic police constables identified as Juma Khan, 50, and Umer Hayat, 45, were attacked by unknown gunmen in Mai Kolachi area. Resultantly, they sustai
Published 15 Sep, 2015 12:00am
Balochistan engineers among six kidnapped

Balochistan engineers among six kidnapped

Unidentified men kidnapped six persons including the engineers of Balochistan Development Authority (BDA) from Murgha Faqirzai area of Muslim Bagh teshil of Qila Saifullah district, on Monday. According to Levies Force, the engineers and a private contrac
Published 15 Sep, 2015 12:00am
Senate for legislation to clearly identify SC's suo motu jurisdiction

Senate for legislation to clearly identify SC's suo motu jurisdiction

The Senate on Monday unanimously adopted a resolution calling upon the government to legislate for providing right to review of the decisions taken by Supreme Court in suo motu cases. The resolution moved by PPP Senator Farhatullah Babar was adopted unani
Published 15 Sep, 2015 12:00am
Fees, quality education: private schools' owners boycott meeting

Fees, quality education: private schools' owners boycott meeting

The owners of private schools boycotted a consultative meeting convened by the district administration to review quality of education, fees and facilities in private sector schools here in Nishtar Hall. The consultative meeting was convened in collaborati
Published 15 Sep, 2015 12:00am
Public service departments Steps being taken to improve quality: Ahsan

Public service departments Steps being taken to improve quality: Ahsan

Speaking to the participants of two-day national consultative workshop on uplifting performance of the public sector and civil service reforms, Federal Minister for Planning, Development and Reform Ahsan Iqbal said the federal government was taking seriou
Published 15 Sep, 2015 12:00am
Complaints against judges: SJC to be made more effective: CJP

Complaints against judges: SJC to be made more effective: CJP

Chief Justice of Pakistan Justice Anwar Zaheer Jamali has said that Supreme Court has decided a total of 15,000 petitions during the last judicial year. Addressing an event on the commencement of judicial year 2015-16 here on Monday, the Chief Justice sai
Published 15 Sep, 2015 12:00am
Sindh apex body meets today

Sindh apex body meets today

A meeting of the Sindh apex committee will take place at the CM House in Karachi on Tuesday and some important decision are expected on the issue of private security agencies' guards. Chief Minister Qaim Ali Shah will chair the meeting. Cops Commander Lie
Published 15 Sep, 2015 12:00am
Bilawal set to launch anti-government drive after Eid

Bilawal set to launch anti-government drive after Eid

Bilawal Bhutto is all set to launch anti-government campaign after Eid, as he would not deviate from his promise to return Punjab early to lead the party from the front, said the party sources. The party insiders admitted that the party workers were bit c
Published 15 Sep, 2015 12:00am
Strike observed against Drugs Ordinance 2015

Strike observed against Drugs Ordinance 2015

On the call of the Pakistan Chemists and Druggists Association, all pharmacists in Punjab observed a complete strike on Monday against the recent Drugs Ordinance 2015. They also staged a demonstration and observed sit-in at Chowk Ghanta Ghar to press the
Published 15 Sep, 2015 12:00am
Reckitt Benckiser holds GERD Forum

Reckitt Benckiser holds GERD Forum

Reckitt Benckiser Pakistan Limited organised a conference by the name of the GERD (Gastroesophageal Reflux Disease) Forum as part of its continued medical education programme. The event was attended by leaders in the field of gastroenterology, gynaecology
Published 15 Sep, 2015 12:00am
Shujaat gears up efforts towards forming grand alliance

Shujaat gears up efforts towards forming grand alliance

PML-Q President Chaudhry Shujaat Hussain has geared up his efforts aimed at formation of a grand alliance in the country. Shujaat is contacting different political parties and organisations in this regard and some headway is expected after Eid.
Published 15 Sep, 2015 12:00am
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