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Nov 23, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-10-09
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 09 Oct, 2015 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 09 Oct, 2015 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 09 Oct, 2015 12:00am
Rare grey pearls fetch $5.27 million in Hong Kong auction

Rare grey pearls fetch $5.27 million in Hong Kong auction

A rare grey pearl necklace that once belonged to a British aristocrat sold for HK$41 million ($5.27 million) in Hong Kong on Wednesday, auctioneers Sotheby's said. The string of pearls was part of the collection of Viscountess Cowdray, Lady Pearson. The b
Published 09 Oct, 2015 12:00am
New rules drive life insurers to hedge pension risk outside Europe

New rules drive life insurers to hedge pension risk outside Europe

Life insurers selling higher-risk products like annuities are moving to reinsure or hedge this business outside Europe to soften the impact of new capital rules which could add hundreds of millions of pounds to their costs. The new European rules, known a
Published 09 Oct, 2015 12:00am
Lagarde sees tough policy trade-offs

Lagarde sees tough policy trade-offs

International Monetary Fund chief Christine Lagarde urged global policymakers on Thursday to support economic growth while also tackling financial risks stemming from the provision of easy money amid a "rapidly changing and uncertain world." Lagarde, pres
Published 09 Oct, 2015 12:00am
Mauritius eyes maritime projects, Africa links to boost growth

Mauritius eyes maritime projects, Africa links to boost growth

Mauritius has a deal with a Chinese firm to develop a $113 million fishing port and is working with investors on plans to become a maritime hub for Africa, part of its bid to accelerate growth, the island nation's finance minister said on Thursday. Maurit
Published 09 Oct, 2015 12:00am
French judges charge former UBS top banker over tax evasion

French judges charge former UBS top banker over tax evasion

French judges have charged a former top-level banker at UBS with tax evasion as part of a probe into the Swiss banking giant, judicial sources said Thursday. Raoul Weil, the former head of the bank's global wealth management business, was charged with tax
Published 09 Oct, 2015 12:00am
Bank of England freezes interest rate

Bank of England freezes interest rate

The Bank of England said Thursday it voted to keep its main interest rate at 0.5 percent against a backdrop of zero inflation in Britain. The central bank's Monetary Policy Committee (MPC) maintained its key interest rate at the record-low it has been for
Published 09 Oct, 2015 12:00am
Japan's machinery orders fall

Japan's machinery orders fall

Japan's machinery orders unexpectedly fell in August in a worrying indication that capital expenditure is weaker than many policymakers expected, which could increase the chances of new fiscal and monetary stimulus. Core machinery orders, a leading indica
Published 09 Oct, 2015 12:00am
China's international yuan payment system pursues world finance
Currency

China's international yuan payment system pursues world finance

China's central bank on Thursday launched a global payment system in a major step to facilitate yuan clearing transactions, bolstering Beijing's quest to internationalise its currency and challenge the primacy of the dollar in world finance. The cross-bor
Published 09 Oct, 2015 12:00am
German exports plunge

German exports plunge

German exports plunged in August by their largest amount since the height of the global financial crisis and leading institutes cut 2015 growth forecasts in the latest sign that an emerging market slowdown is hurting Europe's largest economy. The institut
Published 09 Oct, 2015 12:00am
US jobless claims fall to near a 42-year low

US jobless claims fall to near a 42-year low

The number of Americans filing new applications for jobless benefits fell more than expected to near a 42-year low last week, pointing to ongoing tightening in the labour market despite the recent slowdown in hiring. The data released on Thursday provides
Published 09 Oct, 2015 12:00am
Beltone bid boosts Egypt's bourse, petchems buoy Saudi index

Beltone bid boosts Egypt's bourse, petchems buoy Saudi index

News that Orascom Telecom Media and Technology is seeking to buy Beltone Financial boosted Egypt's stock market on Thursday, while rebounding petrochemical shares continued to buoy Saudi Arabia. Orascom Telecom and Act Financial want to buy Beltone for 65
Published 09 Oct, 2015 12:00am
Sri Lankan stocks steady

Sri Lankan stocks steady

Sri Lankan stocks ended little changed on Thursday as gains in beverages and diversified shares helped offset losses in banking stocks, with investors waiting for direction on economic policy from the government, brokers said. Prime Minister Ranil Wickrem
Published 09 Oct, 2015 12:00am
Indian shares snap six-day winning streak

Indian shares snap six-day winning streak

Indian shares retreated from their highest levels in nearly 1-1/2 months on Thursday, snapping a six-day winning streak, on profit-taking in bluechips while lack of announcements on restructuring power distributors' burgeoning loans also hurt. The benchma
Published 09 Oct, 2015 12:00am
S&P reaches three-week high as health stocks rally

S&P reaches three-week high as health stocks rally

US stocks ended stronger after a volatile session on Wednesday, led by a rebound in biotechnology companies that pushed the S&P 500 to its highest level in three weeks. Materials shares also rose, helped by rising gold and silver prices. Investors' focus
Published 09 Oct, 2015 12:00am
Hong Kong shares hit by profit-taking

Hong Kong shares hit by profit-taking

Hong Kong stocks fell on Thursday, led by energy shares, as investors took profits after the benchmark Hang Seng Index rebounded 8 percent over the past week. The Hang Seng index ended down 0.7 percent at 22,354.91 points, while the China Enterprises Inde
Published 09 Oct, 2015 12:00am
US bond prices fall

US bond prices fall

US Treasuries prices fell on Wednesday with benchmark yields hitting their highest in a week as a recovery in global stock markets and bets on more stimulus from foreign central banks encouraged investors to move into stocks from bonds. Global equities ro
Published 09 Oct, 2015 12:00am
US bond prices fall

US bond prices fall

US Treasuries prices fell on Wednesday with benchmark yields hitting their highest in a week as a recovery in global stock markets and bets on more stimulus from foreign central banks encouraged investors to move into stocks from bonds. Global equities ro
Published 09 Oct, 2015 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks fell on Thursday after the trade-reliant island reported a worse-than-expected fall in September shipments, and effectively wrote off any chances of a global export recovery this year. Weakness was seen in all of Taiwan's major export market
Published 09 Oct, 2015 12:00am
Tokyo stocks down
Currency

Tokyo stocks down

Tokyo stocks closed down 0.99 percent on Thursday, ending six straight days of gains as data showing machine orders - a key indicator of the economy's strength - unexpectedly shrank in August. The Nikkei-225 index at the Tokyo Stock Exchange fell 181.81 p
Published 09 Oct, 2015 12:00am
China stocks climb three percent on global market rebound

China stocks climb three percent on global market rebound

China stocks posted their biggest rise in two trading weeks on Thursday, catching up to a rebound in global markets after a week-long holiday, but trading remained thin, reflecting investor worries about the cooling economy. The CSI300 index of the larges
Published 09 Oct, 2015 12:00am
European shares rise as car makers rally

European shares rise as car makers rally

European shares closed higher on Thursday as auto stocks gained, but investors remained wary about the global economic outlook and the upcoming earnings season. The pan-European FTSEurofirst 300 index closed up 0.26 percent. The euro zone's blue-chip Euro
Published 09 Oct, 2015 12:00am
Australian shares rise

Australian shares rise

Australian shares closed at a one-month high on Thursday as investors took heart from gains on Wall Street and sought bargains in mining and energy stocks following months of heavy selling. A 3-percent gain on China's mainland stock markets as they resume
Published 09 Oct, 2015 12:00am
Most Southeast Asia markets flat to weaker

Most Southeast Asia markets flat to weaker

Most Southeast Asian stock markets were flat to weaker on Thursday as quick profit-taking hit energy shares and investors lowered risky holdings ahead of a quarterly reporting season. Singapore's Straits Times Index erased early gains to close 0.5 percent
Published 09 Oct, 2015 12:00am
FTSE share index ends higher, commodities help

FTSE share index ends higher, commodities help

Britain's top share index finished higher on Thursday as mining and energy stocks advanced and Bank of England policymakers appeared in no hurry to hike interest rates. The blue-chip FTSE 100 ended 0.6 percent stronger at 6,374.82 points, outperforming ma
Published 09 Oct, 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 Thursday. 77.80-77.80 (previous 77.80-77.80). 05.30-06.50 percent. (Previous 05.25-06.50 percent.
Published 09 Oct, 2015 12:00am
Yuan rises after world-wide payments system opened
Currency

Yuan rises after world-wide payments system opened

China's yuan firmed against the dollar on Thursday after the central bank set a firmer midpoint and launched a world-wide payments system to encourage more trade settlement and investment dominated in the yuan, among other reforms. "The yuan was boosted i
Published 09 Oct, 2015 12:00am
Dollar eases against yen in Asia

Dollar eases against yen in Asia

The dollar eased against the yen on Thursday, struggling to gain traction as investors awaited minutes of the last Federal Reserve meeting for clues on monetary policy. Although Shanghai shares climbed 3.4 percent as Chinese markets resumed trade after be
Published 09 Oct, 2015 12:00am
Dollar dips in Europe as Fed nerves dominate
Currency

Dollar dips in Europe as Fed nerves dominate

The dollar weakened past $1.13 per euro for the first time in a week on Thursday on nervousness over what kind of message Federal Reserve minutes due later will send on the outlook for interest rates and growth. On a day dominated by a handful of publicat
Published 09 Oct, 2015 12:00am
Early trade in New York: Dollar slides ahead of Fed minutes

Early trade in New York: Dollar slides ahead of Fed minutes

The dollar fell to one-week lows against the euro and yen on Thursday as investors grew cautious about the impending release of minutes of last month's US Federal Reserve meeting, which could shed more light on the central bank's somber outlook on growth
Published 09 Oct, 2015 12:00am
Dollar gains against euro, franc in New York

Dollar gains against euro, franc in New York

Optimism about global economic growth boosted risk appetite and drove the US dollar higher against the euro and Swiss franc on Wednesday, while the yen gained against the dollar after the Bank of Japan left monetary policy unchanged. Expectations for the
Published 09 Oct, 2015 12:00am
Sri Lankan rupee edges up
Currency

Sri Lankan rupee edges up

The Sri Lankan rupee ended slightly firmer on Thursday as dollar selling by a private bank surpassed demand for the greenback from importers, dealers said. The two state-run banks through which the central bank directs the market, were not seen selling do
Published 09 Oct, 2015 12:00am
Most Asian currencies dip
Currency

Most Asian currencies dip

Most emerging Asian currencies dipped on Thursday as traders booked profits from recent gains and waited on minutes of the Federal Reserve's last policy meeting for any clues on the timing of a US interest rate hike. The Chinese yuan, however, rose as the
Published 09 Oct, 2015 12:00am
Sterling weakens
Currency

Sterling weakens

Sterling retreated from a two-week high against the dollar after minutes on Thursday from a meeting of the Bank of England's rate-setting committee suggested policymakers were in no hurry to raise interest rates. The nine-member Monetary Policy Committee
Published 09 Oct, 2015 12:00am
Aussie, kiwi climb against euro
Currency

Aussie, kiwi climb against euro

The Australian and New Zealand dollars hovered near seven-week peaks against the euro on Thursday and held gains on the US dollar as risk appetite improved. The market is awaiting the re-opening the Chinese markets after a holiday. The Australian dollar s
Published 09 Oct, 2015 12:00am
Masoor prices soar on grain market
Cotton

Masoor prices soar on grain market

Masoor prices went up sharply on the local grain market on Thursday in the process of slow trading, dealers said. On the cereals side, Masoor Canada low type was higher by Rs 800 to Rs 9300 and the best quality was up by Rs 600 to Rs 9600, Masoor Dall Can
Published 09 Oct, 2015 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Wednesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 4,225 million. The number of lots traded was 21.44 million. PMEX Commodity Index increased by 0.49 percent and closed at 2,585. Major business was contributed by gold amounting to
Published 09 Oct, 2015 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 85,316 tonnes of cargo comprising 72,808 tonnes of import cargo and 12,508 tonnes of export cargo including 3,033 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 72,
Published 09 Oct, 2015 12:00am
Oil cake market rates
Cotton

Oil cake market rates

The deliveries were sharply up on the forward cottonseeds oilcake market on Thursday in the process of trading, dealers said. The December vaida closed at Rs 1308.80 and the next day it opened with sharp rise of Rs 1.10 to Rs 1309.90 in the early session,
Published 09 Oct, 2015 12:00am
Prices maintain upward trend on strong demand
Cotton

Prices maintain upward trend on strong demand

Prices maintained an upward trend on the cotton market on Thursday in the process of trading, dealers said. The official spot rate was unchanged at Rs 5,050, dealers said. In Sindh, seed cotton low type was up by Rs 150 to Rs 2600 and better type gained R
Published 09 Oct, 2015 12:00am
Canadian canola prices fall

Canadian canola prices fall

ICE Canadian canola dipped on Wednesday, snapping a three-day winning streak, weighed down by stronger soyoil prices and a firm Canadian dollar. November contract touched earlier its 50-day moving average price around $478.70 per tonne, before slipping. B
Published 09 Oct, 2015 12:00am
Cotton prices continue to jump upwards
Libor

Cotton prices continue to jump upwards

Cotton prices continued to rise sharply this week on continuous fears that the current crop (August 2015 / July 2016) is much shorter than envisaged earlier. Some observers put it as low to range between 12 and 12.5 million bales (155 kgs) and the quality
Published 09 Oct, 2015 12:00am
Cotton prices continue to jump upwards
Libor

Cotton prices continue to jump upwards

Cotton prices continued to rise sharply this week on continuous fears that the current crop (August 2015 / July 2016) is much shorter than envisaged earlier. Some observers put it as low to range between 12 and 12.5 million bales (155 kgs) and the quality
Published 09 Oct, 2015 12:00am
Nigeria 'keeper Enyeama quits international football

Nigeria 'keeper Enyeama quits international football

Nigeria's most capped international Vincent Enyeama has quit international football after a meeting with top officials of the Nigeria Football Federation (NFF) in Belgium on Thursday. Enyeama's decision did not come as a surprise after a major falling out
Published 09 Oct, 2015 12:00am
Asian Qualifiers for World Cup: Mahmoud rescues Iraq with late penalty

Asian Qualifiers for World Cup: Mahmoud rescues Iraq with late penalty

Iraq captain Younis Mahmoud rescued a point for Iraq with a last-ditch penalty as the former Asian champions drew 1-1 with Vietnam in Hanoi on Thursday in the Asian Qualifiers for the 2018 FIFA World Cup. A first-half strike by Le Cong Vinh gave the hosts
Published 09 Oct, 2015 12:00am
Finn shows form in tour game against Pakistan 'A'

Finn shows form in tour game against Pakistan 'A'

Lanky paceman Steven Finn grabbed four wickets and leg-spinner Adil Rasheed took three to show some early form in the two-day tour game against Pakistan 'A' in Sharjah on Thursday. Finn took 4-16 in his probing 15 overs, while Rasheed had figures of 3-53
Published 09 Oct, 2015 12:00am
Rooney to miss Estonia game

Rooney to miss Estonia game

England captain Wayne Rooney will miss Friday's 2016 European Championship qualifying match at home to Estonia due to an ankle injury, the Football Association confirmed on Thursday. The striker, who last month became England's all-time leading goal-score
Published 09 Oct, 2015 12:00am
Klopp to be unveiled as Liverpool manager

Klopp to be unveiled as Liverpool manager

Jurgen Klopp agreed Thursday to become troubled Liverpool's new manager and was expected at the club later in the day, British media said. The English Premier League side have been looking for a new boss since Brendan Rodgers was sacked on Sunday. The for
Published 09 Oct, 2015 12:00am
PCB condoles Hasan Jamil Alvi's death

PCB condoles Hasan Jamil Alvi's death

Pakistan Cricket Board Chairman Shaharyar Mohammad Khan and his Executive Committee counterpart, Najam Sethi, and Chief Operating Officer Subhan Ahmad have condoled with the family over the death former cricketer Hasan Jamil Alvi. He died of cardiac arres
Published 09 Oct, 2015 12:00am
India-South Africa third T20 abandoned

India-South Africa third T20 abandoned

The third and final Twenty20 international between India and South Africa was abandoned without a ball being bowled due to a wet outfield at the Eden Gardens in Kolkata on Thursday. The match held only academic interest with the tourists having already cl
Published 09 Oct, 2015 12:00am
I'm just a big softie, says superbrat Kyrgios

I'm just a big softie, says superbrat Kyrgios

Tennis bad boy Nick Kyrgios said on Thursday that underneath the temper tantrums and trash-talking is a big softie trying to escape. The volatile Australian, fined recently for a sexual insult aimed at Stan Wawrinka's girlfriend while playing a match agai
Published 09 Oct, 2015 12:00am
Djokovic puts Nadal record in his sights

Djokovic puts Nadal record in his sights

Novak Djokovic churned towards Rafael Nadal's all-time record for unbeaten starts to a tournament as he demolished Chinese number one Zhang Ze in less than an hour in Beijing on Thursday. The world number one showed no mercy to Zhang, ranked 219, in front
Published 09 Oct, 2015 12:00am
Spectre of Cilic looms for Nishikori in Tokyo

Spectre of Cilic looms for Nishikori in Tokyo

Marin Cilic produced a masterclass on Thursday as he overpowered American Steve Johnson 6-3, 6-3 to set up a Japan Open quarter-final against defending champion Kei Nishikori. Meanwhile, tennis bad boy Nick Kyrgios brutalised Spain's Roberto Bautista Agut
Published 09 Oct, 2015 12:00am
Misbah warns England of Yasir threat

Misbah warns England of Yasir threat

Pakistan captain Misbah-ul-Haq Thursday warned England that fast-rising leg spinner Yasir Shah posed a "threat to every team" ahead of their three-Test series but said his batsmen would have to be at their best against quality opposition bowling. Pakistan
Published 09 Oct, 2015 12:00am
Samsung's Lees top Asia's richest families list

Samsung's Lees top Asia's richest families list

South Korea's Lee family, which controls the formidable Samsung conglomerate, topped an inaugural list of Asia's 50 richest families published Thursday by Forbes Asia magazine. The family had a net worth of $26.6 billion as of late September, with second-
Published 09 Oct, 2015 12:00am
Tsipras government wins key parliament vote

Tsipras government wins key parliament vote

The government of Greek Prime Minister Alexis Tsipras won a crucial vote of confidence vote Thursday, bolstering the left-wing leader as he gets down to implementing reforms demanded by creditors. The governing coalition of the premier's left-wing Syriza
Published 09 Oct, 2015 12:00am
Syria army in 'vast offensive' backed by Russian strikes

Syria army in 'vast offensive' backed by Russian strikes

Regime forces advanced Thursday in western Syria in a "vast offensive" against armed opposition groups, as Nato voiced alarm at escalating Russian military activity in the war-torn country. Moscow has dramatically stepped up its nine-day-old air war again
Published 09 Oct, 2015 12:00am
Svetlana Alexievich wins Nobel Literature Prize

Svetlana Alexievich wins Nobel Literature Prize

Belarussian writer Svetlana Alexievich won the 2015 Nobel Literature Prize on Thursday for her work chronicling the horrors of war and life under the repressive Soviet regime. The Swedish Academy hailed the 67-year-old for writings that were "a monument t
Published 09 Oct, 2015 12:00am
Police raid VW HQ, US chief admits knew of problem in 2014

Police raid VW HQ, US chief admits knew of problem in 2014

German police swooped on Volkswagen's headquarters on Thursday, carrying away files and hard disks in their investigation into a massive pollution cheating scandal engulfing the auto giant. Private apartments were also raided in Volkswagen's hometown of W
Published 09 Oct, 2015 12:00am
Murdoch says sorry

Murdoch says sorry

Powerful media magnate Rupert Murdoch apologised on Thursday after suggesting that Barack Obama was not "a real black president," triggering outrage.
Published 09 Oct, 2015 12:00am
Shanghai copper jumps

Shanghai copper jumps

Shanghai Futures Exchange copper closed the session up 2.3 percent at 39,080 yuan ($6,153) a tonne on Thursday as markets reopened after a week-long break. Copper prices have been supported by expectations of a mild improvement in seasonal demand and cutb
Published 09 Oct, 2015 12:00am
Copper slips on fund selling as China demand worries mount

Copper slips on fund selling as China demand worries mount

Copper prices slid on Thursday, under pressure from fund selling as worries about slowing demand growth in China outweighed falling stocks and output cuts. Benchmark copper on the London Metal Exchange closed at $5,135 a tonne, losing one percent as fund
Published 09 Oct, 2015 12:00am
Rubber up

Rubber up

Benchmark Tokyo rubber futures inched down on Thursday, hurt by a stronger yen and a fall in Japanese equities. The Tokyo Commodity Exchange (TOCOM) rubber contract for March delivery finished 0.2 yen lower at 171.8 yen per kg, marking a second straight d
Published 09 Oct, 2015 12:00am
Grains down on profit-taking, advancing US harvests

Grains down on profit-taking, advancing US harvests

US grain futures retreated from their highest prices in more than two months on Wednesday under pressure from advancing US harvests and profit-taking ahead of key crop reports. Declines in corn snapped a four-day rally that was fuelled by expectations the
Published 09 Oct, 2015 12:00am
Palm oil slips
Vegetable Oil

Palm oil slips

Malaysian palm oil futures fell for a third day on Thursday as a bearish outlook on key data that will be released next week and a stabilising ringgit dampened market sentiment. The Malaysian Palm Oil Board is set to release September palm oil data next M
Published 09 Oct, 2015 12:00am
Cocoa extends losses, sugar rises

Cocoa extends losses, sugar rises

Cocoa futures on ICE extended their two-week tumble on Thursday as weak charts spurred technical selling, while raw sugar prices inched up to a seven-month high after data from Brazil was largely within expectations. Coffee prices jumped as traders contin
Published 09 Oct, 2015 12:00am
Gold falls in New York

Gold falls in New York

Gold eased on Wednesday, falling from a two-week high on the firmer dollar while losses were capped on expectations that the US Federal Reserve will delay raising interest rates until next year. Spot gold fell 0.1 percent to $1,145.86 an ounce by 2:53 pm
Published 09 Oct, 2015 12:00am
Gold slides in Asia

Gold slides in Asia

Gold fell from near two-week highs and silver slumped 3 percent on Thursday, as Chinese investors sold the precious metals to take profits on return from a week-long holiday. Spot gold eased 0.3 percent to $1,142 an ounce by 0635 GMT. The metal had climbe
Published 09 Oct, 2015 12:00am
Gold, silver dip in European trade

Gold, silver dip in European trade

Gold retreated from a two-week high and silver slumped 4 percent on Thursday on steadier European shares and after Chinese market participants returned from a week-long holiday, selling the metals to lock in profits. Spot gold eased 0.4 percent to $1,139.
Published 09 Oct, 2015 12:00am
Colombia coal producers slowly restart exports

Colombia coal producers slowly restart exports

Thermal coal producers in north-eastern Colombia have begun the arduous task of exporting 220,000 tonnes of the mineral after shipments were halted and mines shuttered as Venezuela closed several border crossings, an industry official said on Wednesday. T
Published 09 Oct, 2015 12:00am
Pakistan seeks cooperation of world community on nuclear energy: FO

Pakistan seeks cooperation of world community on nuclear energy: FO

Pakistan seeks co-operation of the world community, including the United States, on civil nuclear energy. "There should be non-discriminatory approach on nuclear issues, including an access to peaceful use of nuclear energy," said Foreign Office spokesman
Published 09 Oct, 2015 12:00am
Two terrorists arrested in Charsadda

Two terrorists arrested in Charsadda

The sensitive agencies personnel arrested two terrorists besides recovering arms and explosives here on Thursday. According to details, the sensitive agencies personnel reacting to intelligence report conducted raids against the militants in Utmanzai and
Published 09 Oct, 2015 12:00am
NAB restrained from taking action against businessmen

NAB restrained from taking action against businessmen

The Lahore High Court (LHC) on Thursday stopped the National Accountability Bureau from taking action against two businessmen following recovery of a 'defaulted' bank loan. But the court referred the petition to a full bench to decide. Businessmen Ahmad H
Published 09 Oct, 2015 12:00am
Consultative dialogue on finding ways to curb menace of extremism ends

Consultative dialogue on finding ways to curb menace of extremism ends

A consultative dialogue on finding ways to curb growing menace of extremism and protecting new generation from radicalism concluded here with the observation that all the stakeholders be involved with special focus on collective efforts at community level
Published 09 Oct, 2015 12:00am
PBIF for FTA with Iran
Cotton

PBIF for FTA with Iran

The Preferential Trade Agreement (PTA) signed with Iran in 2006 should be revived or converted into FTA otherwise the decision of both countries to boost bilateral trade to five billion dollars in five years would remain a dream, said Pakistan Businessmen
Published 09 Oct, 2015 12:00am
Issues related to WHT statements KTBA expresses its concern

Issues related to WHT statements KTBA expresses its concern

Karachi Tax Bar Association (KTBA) has expressed concern over the problems being faced by taxpayers in filing of withholding tax statements. In a letter sent to FBR Chairman Tariq Bajwa, the Karachi Tax Bar Association (KTBA) said taxpayers were unable to
Published 09 Oct, 2015 12:00am
'Girls' Right to Education Programme' launched

'Girls' Right to Education Programme' launched

Unesco and the government of Pakistan on Thursday officially launched worth $7 million "Girls' Right to Education Programme in Pakistan" aimed at supporting better access, improved quality and safe learning environments for girls in the hardest-to-reach a
Published 09 Oct, 2015 12:00am
Afghan nationals among 40 suspects held in Kohat

Afghan nationals among 40 suspects held in Kohat

The law enforcement agencies (LEAs) personnel arrested 40 suspects and recovered arms from their possession during search operation here on Thursday. DPO Kohat said that heavy contingent of police and other security forces launched operation against the c
Published 09 Oct, 2015 12:00am
PDMA observes National Disasters Awareness Day

PDMA observes National Disasters Awareness Day

Provincial Disaster Management Authority (PDMA) on Thursday observed "the National Disasters Awareness Day expressing solidarity with victims of the October 8 earthquake. PDMA organised a program here in Government High School No 1 City, Peshawar. Partici
Published 09 Oct, 2015 12:00am
AbacusConsulting, SAP launch SuccessFactors

AbacusConsulting, SAP launch SuccessFactors

AbacusConsulting together with SAP launched SuccessFactors: the complete HCM suite, at a local hotel on October 7. AbacusConsulting, a correspondent of Mercer for Pakistan, the leading global HR consultancy firm, is building on its Gold Partnership with S
Published 09 Oct, 2015 12:00am
NBP inaugurates passport/visa fee collection

NBP inaugurates passport/visa fee collection

After implementation of passport fee collection at all National Bank of Pakistan (NBP) branches in the Federal Capital Region Islamabad, the government is mulling over arranging collection of vehicle registration fee at all branches of NBP across the coun
Published 09 Oct, 2015 12:00am
Agri machinery, inputs: lawmakers ask government to further reduce GST

Agri machinery, inputs: lawmakers ask government to further reduce GST

The lawmakers Thursday recommended the government to further reduce sales tax on agriculture machinery as well as input and increase import duty on agricultural products to strengthen the agriculture sector. The joint meeting of National Assembly and Sena
Published 09 Oct, 2015 12:00am
Agri machinery, inputs: lawmakers ask government to further reduce GST

Agri machinery, inputs: lawmakers ask government to further reduce GST

The lawmakers Thursday recommended the government to further reduce sales tax on agriculture machinery as well as input and increase import duty on agricultural products to strengthen the agriculture sector. The joint meeting of National Assembly and Sena
Published 09 Oct, 2015 12:00am
IBA launches country's first-ever Online Election Portal

IBA launches country's first-ever Online Election Portal

Institute of Business Administration (IBA) Karachi has become the first institute in Pakistan to launch an Online Election Portal giving access to its graduates all across the globe to participate in Election for the post of Alumni Representative on the I
Published 09 Oct, 2015 12:00am
ICT private educational institutions asked to refund extra amounts

ICT private educational institutions asked to refund extra amounts

Private Educational Institutions' Regulatory Authority (PEIRA) on Thursday directed private educational institutions of Islamabad Capital Territory (ICT) to refund or adjust any increase in fee/fund/charges, already charged from the students. A notificati
Published 09 Oct, 2015 12:00am
Taxmen told to ensure filing of WHT statements on 'IRIS'

Taxmen told to ensure filing of WHT statements on 'IRIS'

The Federal Board of Revenue (FBR) has directed the field formations to ensure that all withholding tax statements are being filed on "IRIS" on which further processing has to be done by the concerned officer of Withholding Tax Unit through "IRIS. The FBR
Published 09 Oct, 2015 12:00am
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