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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-10-20
China's September coal output down 2.2 percent

China's September coal output down 2.2 percent

China produced 312.7 million tonnes of coal in September, down 2.2 percent from the same month last year, with miners still cutting output in response to a rapid fall in prices this year. Output over the first nine months of the year was 2.725 billion ton
Published 20 Oct, 2015 12:00am
US natural gas futures ease on less cold weather forecast

US natural gas futures ease on less cold weather forecast

US natural gas futures eased lower on Friday on afternoon forecasts calling for less cool weather over the next two weeks, expected to reduce heating demand a bit. In addition, traders noted estimates for gas production in the lower 48 US states came in m
Published 20 Oct, 2015 12:00am
Value of coffee sold at Kenyan auction falls 18 percent in 2014-15

Value of coffee sold at Kenyan auction falls 18 percent in 2014-15

The value of coffee sold at Kenya's auctions fell 18 percent to $142.5 million in the crop year to September, hit by lower volumes, the head of the Nairobi Coffee Exchange (NCE) said on Monday. The east African nation, whose high-quality beans are sought
Published 20 Oct, 2015 12:00am
Activity at Karachi & Qasim port

Activity at Karachi & Qasim port

The Karachi Port handled 232,278 tonnes of cargo comprising 174,575 tonnes of import cargo and 57,703 tonnes of export cargo including 7,816 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 174
Published 20 Oct, 2015 12:00am
Canadian canola ends higher

Canadian canola ends higher

ICE Canadian canola closed higher in light rangebound trade on Friday, bolstered by a softer Canadian dollar that makes canola more attractive on the global market, traders said. The Canadian dollar was trading at $1.2908, or 77.47 US cents, at 2:43 pm CT
Published 20 Oct, 2015 12:00am
US Midwest corn, soyabean spot bids hold mostly steady

US Midwest corn, soyabean spot bids hold mostly steady

Corn and soyabean spot basis bids held mostly steady around the US Midwest on Friday as sharply lower soyabean futures and the lowest corn futures in about three weeks kept farmer offerings of the crops to a minimum, traders said. Corn bids tumbled by 20
Published 20 Oct, 2015 12:00am
CBOT wheat futures fall on big world supplies

CBOT wheat futures fall on big world supplies

Wheat futures on the Chicago Board of Trade fell about 2 percent on Friday on technical selling and ample global supplies, along with forecasts for timely rains in the southern US Plains next week, traders said. A major US weather forecasting model showed
Published 20 Oct, 2015 12:00am
Russian recovery hopes dashed as retail sales plunge

Russian recovery hopes dashed as retail sales plunge

Plunging retail sales and real wages have dashed hopes Russia's economic slump is past its worst, with data published on Monday instead suggesting that situation is getting worse. But as with the previous month, September's data painted a mixed picture, w
Published 20 Oct, 2015 12:00am
S&P unlikely to change India's rating till at least 2016

S&P unlikely to change India's rating till at least 2016

Standard & Poor's kept India's sovereign rating at the lowest investment grade of "BBB-minus" and a "stable" outlook, saying factors such as its sound external position were offset by low income and weak public finances. The agency added it does not expec
Published 20 Oct, 2015 12:00am
S&P unlikely to change India's rating till at least 2016

S&P unlikely to change India's rating till at least 2016

Standard & Poor's kept India's sovereign rating at the lowest investment grade of "BBB-minus" and a "stable" outlook, saying factors such as its sound external position were offset by low income and weak public finances. The agency added it does not expec
Published 20 Oct, 2015 12:00am
ECB slightly raises capital demands for eurozone large banks

ECB slightly raises capital demands for eurozone large banks

The European Central Bank has, on average, slightly raised the minimum capital level that it demands large eurozone banks hold, the ECB's supervision chief said on Monday. The ECB's Single Supervisory Mechanism (SSM) is deciding how much additional capita
Published 20 Oct, 2015 12:00am
Mis-selling fears hamper funds' fintech revolution

Mis-selling fears hamper funds' fintech revolution

British fund firms are falling behind in the so-called 'fintech' revolution, fearing that a boom in investment via phone apps could spawn the next financial mis-selling scandal. With smartphone apps already transforming the way people bank, tech-savvy sav
Published 20 Oct, 2015 12:00am
Mis-selling fears hamper funds' fintech revolution

Mis-selling fears hamper funds' fintech revolution

British fund firms are falling behind in the so-called 'fintech' revolution, fearing that a boom in investment via phone apps could spawn the next financial mis-selling scandal. With smartphone apps already transforming the way people bank, tech-savvy sav
Published 20 Oct, 2015 12:00am
Chinese crude steel output falls

Chinese crude steel output falls

Chinese steel output dropped 3 percent in September from a year ago to 66.12 million tonnes, as an industry official warned the world's biggest steel sector was already in decline after years of rapid expansion. Data from the National Bureau of Statistics
Published 20 Oct, 2015 12:00am
Iran to up oil production one week after sanctions

Iran to up oil production one week after sanctions

Iran will boost its crude oil production within one week once international sanctions are lifted and is determined to regain its lost market share, senior Iranian oil officials reiterated on Monday. Iran will raise production by 500,000 barrels per day in
Published 20 Oct, 2015 12:00am
Morgan Stanley quarterly profit drops 42 percent, shares plunge
Currency

Morgan Stanley quarterly profit drops 42 percent, shares plunge

Wall Street bank Morgan Stanley reported a quarterly profit that fell far short of market expectations, capping a generally downbeat quarter for big US banks after investors fled the bond, currency and commodity markets. Morgan Stanley's profit slumped fo
Published 20 Oct, 2015 12:00am
Morgan Stanley quarterly profit drops 42 percent, shares plunge
Currency

Morgan Stanley quarterly profit drops 42 percent, shares plunge

Wall Street bank Morgan Stanley reported a quarterly profit that fell far short of market expectations, capping a generally downbeat quarter for big US banks after investors fled the bond, currency and commodity markets. Morgan Stanley's profit slumped fo
Published 20 Oct, 2015 12:00am
China to take a 33.5 percent stake in Britain's Hinkley

China to take a 33.5 percent stake in Britain's Hinkley

China is set to take a 33.5 percent stake in a 16-billion-pound ($25-billion) nuclear power project being built by French utility EDF at Hinkley Point in southwest England, Les Echos newspaper reported on its website on Monday. The deal was sealed just ah
Published 20 Oct, 2015 12:00am
Swiss regulator issues licence to China Construction Bank
Currency

Swiss regulator issues licence to China Construction Bank

State-owned China Construction Bank has received a Swiss banking licence, a spokesman for Switzerland's financial regulator said on Monday. Switzerland has been seeking to attract a Chinese bank as part of the country's efforts to become a major trading h
Published 20 Oct, 2015 12:00am
Disappointing Q3 earnings hit Saudi bourse, Egypt rebounds
Currency

Disappointing Q3 earnings hit Saudi bourse, Egypt rebounds

Saudi Arabia's stock market fell on Monday after disappointing third-quarter earnings at several companies, while Egypt rebounded from two days of losses because of worries about currency depreciation. The main Saudi index lost 0.4 percent as industrial m
Published 20 Oct, 2015 12:00am
Nikkei falls in thin trade

Nikkei falls in thin trade

Japanese shares fell on Monday amid a lack of positive trading cues in the domestic market, but China data showing its economy did not cool as much as expected in the third quarter soothed sentiment. The Nikkei share average ended 0.9 percent lower at 18,
Published 20 Oct, 2015 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks rose slightly on Monday but trading remained cautious after China, the island's largest trading partner, posted its slowest quarterly growth since the financial crisis. As of 0237 GMT, the main TAIEX index rose 0.2 percent, to 8,618.24, afte
Published 20 Oct, 2015 12:00am
Southeast Asian stocks mostly steady to weaker

Southeast Asian stocks mostly steady to weaker

Southeast Asian stock markets were flat to weaker on Monday, but Indonesia outperformed the region as a raft of Chinese data showed the economy slowing while still managing to reassure investors it was not in danger of a hard landing. The Jakarta Composit
Published 20 Oct, 2015 12:00am
Greek bond yields hit year's low

Greek bond yields hit year's low

Greek two-year government bond yields fell to their lowest level this year on Monday as investors welcomed Athens' approval of a series of reforms needed to unlock bailout cash. Parliamentary approval of the reform bill late on Friday keeps Greece on trac
Published 20 Oct, 2015 12:00am
Greek bond yields hit year's low

Greek bond yields hit year's low

Greek two-year government bond yields fell to their lowest level this year on Monday as investors welcomed Athens' approval of a series of reforms needed to unlock bailout cash. Parliamentary approval of the reform bill late on Friday keeps Greece on trac
Published 20 Oct, 2015 12:00am
Hong Kong shares little changed

Hong Kong shares little changed

Hong Kong stocks were little changed on Monday, reflecting investor composure in the face of weak, but better-than-expected China third-quarter GDP data that offered few signs of a hard landing. The Hang Seng index was flat at 23,075.61, while the China E
Published 20 Oct, 2015 12:00am
China stocks flat

China stocks flat

China stocks ended Monday flat as afternoon profit-taking rolled back morning gains on third-quarter growth data showing a further gradual slowdown in economic activity but no signs of a hard landing. The CSI300 index of the largest listed companies in Sh
Published 20 Oct, 2015 12:00am
Indian shares extend gains; Reliance Industries surges

Indian shares extend gains; Reliance Industries surges

Indian shares rose for a third consecutive session on Monday as Reliance Industries Ltd surged after posting a stronger-than-expected quarterly profit, while sentiment was supported after Chinese economic growth data eased fears of a hard landing. Relianc
Published 20 Oct, 2015 12:00am
Pharmaceuticals, Deutsche Bank nudge European shares higher

Pharmaceuticals, Deutsche Bank nudge European shares higher

European equities closed higher on Monday, lifted by gains at Deutsche Bank and pharmaceutical stocks, although weak Chinese data hurt commodity shares. The pan-European FTSEurofirst 300 index closed up 0.2 percent at 1,438.49 points, while the euro zone'
Published 20 Oct, 2015 12:00am
Sri Lankan shares tumble

Sri Lankan shares tumble

Sri Lankan shares closed at their lowest level in more than three months on Monday, falling for a fifth straight session as investors awaited cues from government policies and budget, brokers said. The main stock index ended 0.05 percent, or 3.39 points,
Published 20 Oct, 2015 12:00am
Australian shares flat, New Zealand index up

Australian shares flat, New Zealand index up

Australian stocks closed flat on Monday as some weak economic figures from China undermined momentum from a massive rally in Westpac Banking Corp. Data showed China's third quarter economic growth slowed to below 7 percent for the first time since the glo
Published 20 Oct, 2015 12:00am
UK shares underperform Europe; mining companies fall after Chinese data

UK shares underperform Europe; mining companies fall after Chinese data

Britain's top share index slipped on Monday as news of China's slowing economy sapped mining stocks and drugmaker Shire dipped after US regulators withheld approval for a new drug. Britain's FTSE 100 index closed down 25.71 points, 0.4 percent, at 6,352.3
Published 20 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 Monday. 77.80-77.80 (previous 77.80-77.80). 05.30-06.50 percent (Previous 05.30-06.50 percent).
Published 20 Oct, 2015 12:00am
Sri Lankan rupee edges down
Currency

Sri Lankan rupee edges down

The Sri Lankan rupee ended slightly weaker in dull trade on Monday due to importer dollar demand, while selling of the greenback by banks helped prevent the local currency from falling further, dealers said. The rupee ended at 141.00/141.05 per dollar, co
Published 20 Oct, 2015 12:00am
Aussie up, kiwi steady
Currency

Aussie up, kiwi steady

The Australian dollar edged up on Monday after news China's economy had grown slightly faster than economists had forecast, while the New Zealand dollar held steady. The Australian dollar jumped as far as $0.7290, from $0.7245, after data showed China's G
Published 20 Oct, 2015 12:00am
Dollar steadies against yen, euro in Asia
Currency

Dollar steadies against yen, euro in Asia

The dollar was steady against the yen and euro on Monday after stronger-than-expected US data kept alive prospects of the Federal Reserve raising interest rates before year-end. The Australian dollar inched up after Chinese data on Monday showed growth in
Published 20 Oct, 2015 12:00am
Early trade in New York: Euro slides, dollar rises
Currency

Early trade in New York: Euro slides, dollar rises

The euro retreated to a 10-day low against the dollar on Monday, as investors focused on a European Central Bank meeting later in the week that could pave the way for further stimulus to boost inflation in the euro zone. Though most traders and analysts b
Published 20 Oct, 2015 12:00am
Euro hits 10-day low versus dollar in Europe
Currency

Euro hits 10-day low versus dollar in Europe

The euro slipped to a 10-day low against the dollar on Monday, as investors eyed a European Central Bank meeting later in the week that could pave the way for further stimulus to boost inflation in the euro zone. Though most traders and analysts reckon th
Published 20 Oct, 2015 12:00am
Brazil currency hedging jumps
Currency

Brazil currency hedging jumps

Brazilian companies took on $32.3 billion worth of contracts to protect themselves against currency swings in September, when the real currency plunged to an all-time low, data from clearinghouse and market data provider Cetip SA Mercados Organizados show
Published 20 Oct, 2015 12:00am
Most emerging Asian currencies down
Currency

Most emerging Asian currencies down

Most emerging Asian currencies eased on Monday as China reported its weakest quarterly economic growth since the global financial crisis, while reduced fears of a hard-landing in the world's second-largest economy limited regional losses. Malaysia's ringg
Published 20 Oct, 2015 12:00am
South Africa's rand slips

South Africa's rand slips

South Africa's rand weakened 1.01 percent against dollar to 13.2175 on Monday, giving up its earlier momentum as the greenback rose inspired by stronger-than-expected industrial production and a sharp rebound in consumer sentiment. Weak growth data out of
Published 20 Oct, 2015 12:00am
China's yuan slips
Currency

China's yuan slips

The yuan slipped against the dollar on Monday, in line with a weaker central bank midpoint, though traders said China's tepid but slightly better-than-expected third quarter GDP data capped the currency's fall. "There was some yuan sales in early trade as
Published 20 Oct, 2015 12:00am
Sterling hits three-week high against euro
Currency

Sterling hits three-week high against euro

Sterling rose to a three-week high against the euro on Monday, as investors sold the single currency given the risk that the European Central Bank could pave the way for further monetary easing before the year end to boost inflation. In contrast, rates in
Published 20 Oct, 2015 12:00am
Canadian dollar weakens
Currency

Canadian dollar weakens

The Canadian dollar weakened against its US counterpart on Monday as oil prices weighed and market strategists looked past a federal election to a central bank meeting later in the week. Canadians look set to vote for political change on Monday, but a pos
Published 20 Oct, 2015 12:00am
K-Electric football team leaves for Bangladesh club cup

K-Electric football team leaves for Bangladesh club cup

K-Electric's football team departed the other day for Bangladesh to participate in the Sheikh Kamal International Club Cup scheduled to take place from the October 20- 30, 2015. The tournament includes eight teams from four nations which are India, Bangla
Published 20 Oct, 2015 12:00am
NBP's Quaid-e-Millat Boxing Tournament concludes

NBP's Quaid-e-Millat Boxing Tournament concludes

National Bank of Pakistan will continue contributing its revolutionary efforts in promoting sports especially boxing in Lyari for pulling up its pugilists to surmount the peak of world boxing. These hopes were expressed by Muhammad Hussain Qambrani, Presi
Published 20 Oct, 2015 12:00am
Platini defends $2 million FIFA fee, says he undercharged

Platini defends $2 million FIFA fee, says he undercharged

Michel Platini said the two million Swiss francs ($2.1 million) he received from FIFA, a payment which has cast a cloud over his bid to become president of the world football body, was legitimate reward for genuine work. In an interview with Le Monde news
Published 20 Oct, 2015 12:00am
Marlon Samuels reported for suspect bowling action

Marlon Samuels reported for suspect bowling action

West Indies batsman Marlon Samuels has been reported for bowling with a suspect action for a third time in his career, the International Cricket Council (ICC) said on Monday. The part-time spinner was cited after the first test against Sri Lanka, which th
Published 20 Oct, 2015 12:00am
Franchise awarding process for PSL begins

Franchise awarding process for PSL begins

The much-awaited franchise awarding process for the Pakistan Super League has officially begun with the Pakistan Cricket Board (PCB) inviting interested parties to bid for franchise team rights. Quetta, Karachi, Peshawar, Lahore, and Islamabad are the fiv
Published 20 Oct, 2015 12:00am
UAE player gets jail for slamming coach

UAE player gets jail for slamming coach

Emirati footballer Abdullah Qassem was jailed for three months after insulting national team coach Mahdi Ali in a video, local media reported. The 29-year-old had made indecent gestures and criticised Ali after the coach had not included him in the team,
Published 20 Oct, 2015 12:00am
India prefer Jadeja to Harbhajan for South Africa Tests

India prefer Jadeja to Harbhajan for South Africa Tests

All-rounder Ravindra Jadeja has been recalled to India's squad in place of spinner Harbhajan Singh for next month's first two Tests against South Africa, the country's cricket board said on Monday. Left-arm spinner Jadeja, 26, dropped for the recent serie
Published 20 Oct, 2015 12:00am
Azhar Ali returns home, likely to miss second Test

Azhar Ali returns home, likely to miss second Test

Pakistan's key batsman Azhar Ali will return home following the death of his mother-in-law and is unlikely to play in the second Test against England starting in Dubai on Thursday. The 30-year-old did not play in the first Test, which ended in a draw in A
Published 20 Oct, 2015 12:00am
Swing to the left puts Canada PM Harper at close election

Swing to the left puts Canada PM Harper at close election

Canadians looked set for political change on Monday as polls showed a strong prospect that Conservative Prime Minister Stephen Harper's government will be ousted, or reduced to a minority, amid a late surge by Liberal rival Justin Trudeau. The 11-week cam
Published 20 Oct, 2015 12:00am
India's budget cuts hurt fight against malnutrition: Maneka Gandhi

India's budget cuts hurt fight against malnutrition: Maneka Gandhi

India's main programme to fight child malnutrition has been hit by budget cuts that make it difficult to pay wages of millions of health workers, a cabinet minister said on Monday in a rare public criticism of Prime Minister Narendra Modi's policies. Modi
Published 20 Oct, 2015 12:00am
Students protest at South Africa's top universities

Students protest at South Africa's top universities

Thousands of students rallied at top South African universities on Monday in protest at plans to hike tuition fees, extending a spate of campus unrest that has included demonstrations against colonial-era statues and the language of instruction. South Afr
Published 20 Oct, 2015 12:00am
Eritrean mistaken for gunman killed in Israeli bus station attack
Kerb

Eritrean mistaken for gunman killed in Israeli bus station attack

An Eritrean migrant, shot by a security guard and kicked by an angry Israeli crowd that mistook him for a gunman, was identified on Monday as one of the dead from an attack on a bus station in the southern city of Beersheba. The Eritrean agricultural work
Published 20 Oct, 2015 12:00am
Russia says official's plane in near-miss with fighter jet over Europe

Russia says official's plane in near-miss with fighter jet over Europe

Moscow alleged that a French military jet came dangerously close to an aircraft carrying the speaker of the lower house of the Russian parliament as he flew through French airspace on Monday, but Paris said it was actually a Swiss jet. The Russian foreign
Published 20 Oct, 2015 12:00am
Syrian rebels say receive more weapons for Aleppo battle

Syrian rebels say receive more weapons for Aleppo battle

Rebels battling the Syrian army and its allies near Aleppo said on Monday they had received new supplies of US-made anti-tank missiles from states opposed to President Bashar al-Assad since the start of a major government offensive last week. The rebels f
Published 20 Oct, 2015 12:00am
US probing reports CIA chief's personal email hacked

US probing reports CIA chief's personal email hacked

The FBI and the Secret Service are investigating reports that CIA Director John Brennan's personal email had been hacked, although no classified information had been accessed, CNN said. The New York Post reported on Monday that a high school student claim
Published 20 Oct, 2015 12:00am
Egypt in second day of 'election without voters'

Egypt in second day of 'election without voters'

Egyptians largely stayed away from parliamentary elections for a second day on Monday, highlighting growing disillusionment since the army seized power in 2013 and promised to restore democracy. Prime Minister Sherif Ismail said turnout on the first day o
Published 20 Oct, 2015 12:00am
Nato nations to keep presence in Afghanistan

Nato nations to keep presence in Afghanistan

Germany, Turkey and Italy are set to keep their deployments in Afghanistan at current levels, senior Nato officials said on Monday after the US government decided to prolong its 14-year-old military presence there. The Taliban's brief takeover of a provin
Published 20 Oct, 2015 12:00am
Parliament report says Burkina Faso owed $212 million in taxes

Parliament report says Burkina Faso owed $212 million in taxes

Burkina Faso is owed more than 123 billion CFA francs ($212 million) in unpaid taxes due between 2012 and 2014, with senior members of ousted President Blaise Compaore's government among the worst offenders, according to a parliamentary report.
Published 20 Oct, 2015 12:00am
Pakistan takes note of cancellation of cricket talks with India

Pakistan takes note of cancellation of cricket talks with India

Pakistan took serious note of a scheduled meeting cancellation of chairman Pakistan Cricket Board (PCB) with his Indian counterpart in Mumbai as well as other events involving Pakistani nationals that had been disrupted recently due to protests by Hindu e
Published 20 Oct, 2015 12:00am
Office-bearers of HSATI elected unopposed

Office-bearers of HSATI elected unopposed

Office-bearers of Hyderabad SITE Association of Trade and Industry (HSATI) were elected unopposed for year 2015-16. According to a statement issued by HSATI here, on Monday that Aamir Shahab was elected as its President while Shahid Qaimkhani as senior vi
Published 20 Oct, 2015 12:00am
Sikh protesters chant pro-Pakistan slogans in IoK

Sikh protesters chant pro-Pakistan slogans in IoK

Sikh protesters chanted pro-Pakistan slogans during a protest against the desecration of Guru Granth Sahib, the holy scripture of Sikh religion, at Baramulla in Indian occupied Kashmir (IoK) on Monday. According to Kashmir Media Service, the protesters ch
Published 20 Oct, 2015 12:00am
Sindh region: Revised CNG schedule announced

Sindh region: Revised CNG schedule announced

In the interest of general public and in view of improved supply of gas from gas fields, all CNG Stations in Sindh would remain OPEN on Friday, October 23, 2015, says a statement issued by Sui Southern Gas Company Limited (SSGC), here on Monday.
Published 20 Oct, 2015 12:00am
FBR's audit departments: AGP report terms performance unsatisfactory

FBR's audit departments: AGP report terms performance unsatisfactory

The Auditor General of Pakistan (AGP) has expressed serious concern over the poor performance of Federal Board of Revenue's (FBR) Directorate General, Internal Audit and Directorate General, Post Clearance Audit (PCA). According to the annual report of AG
Published 20 Oct, 2015 12:00am
President promulgates ICT LG Act-2015

President promulgates ICT LG Act-2015

The President has promulgated an Ordinance to amend the Islamabad Capital Territory Local Government Act, 2015 allowing Election Commission of Pakistan delimit Union Councils into six wards for election of members on General seats and into two wards consi
Published 20 Oct, 2015 12:00am
Hub Power Company Limited

Hub Power Company Limited

The Hub Power Company Limited (KSE:HUBC) is one of the largest Independent Power Producer (IPP) in the Country with a combined power generation capacity of over 1600MW, and generates about nine percent of the Country's electricity. The IPP was incorporate
Published 20 Oct, 2015 12:00am
Hub Power Company Limited

Hub Power Company Limited

The Hub Power Company Limited (KSE:HUBC) is one of the largest Independent Power Producer (IPP) in the Country with a combined power generation capacity of over 1600MW, and generates about nine percent of the Country's electricity. The IPP was incorporate
Published 20 Oct, 2015 12:00am
DHA city project Administrator reviews progress of work

DHA city project Administrator reviews progress of work

Administrator DHA Brigadier Zubair Ahmed visited DHA City Karachi (DCK) on Super Highway on Monday. He spent a busy day at the project site and saw the ongoing development activities going on in different sectors of DCK on a fast track basis. Later he pre
Published 20 Oct, 2015 12:00am
NBP holds programme on 'Financial Crimes Investigation'

NBP holds programme on 'Financial Crimes Investigation'

NBP realising the imperativeness of strengthening skills for investigating the surging financial crimes has arranged a five-day training programme titled as "Financial Crimes Investigation" for NAB's Investigation Officers from across Pakistan in NBP Staf
Published 20 Oct, 2015 12:00am
Paapam says tractors' import to hurt local industry

Paapam says tractors' import to hurt local industry

Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) has said that the import of used tractors will hurt local industry. According to Mumshad Ali, Chairman Paapam, the government after having severe financial loss in the import
Published 20 Oct, 2015 12:00am
RD on yarn, fabrics: APTMA hails Dar for timely decision

RD on yarn, fabrics: APTMA hails Dar for timely decision

All Pakistan Textile Mills Association (APTMA) Central Chairman Tariq Saud Monday appreciated Finance Minister Ishaq Dar, Haroon Akhtar, Special Assistant to the Prime Minister on Revenue and his team for their timely and prudent decision of protecting th
Published 20 Oct, 2015 12:00am
Samsung announces earnings guidance for Q3

Samsung announces earnings guidance for Q3

Samsung Electronics Co, Ltd on Monday announced its earnings guidance for the third quarter of 2015. Consolidated Sales: Approximately 51.0 trillion Korean won. Consolidated Operating Profit: Approximately 7.3 trillion Korean won. The above figures are co
Published 20 Oct, 2015 12:00am
Samsung announces earnings guidance for Q3

Samsung announces earnings guidance for Q3

Samsung Electronics Co, Ltd on Monday announced its earnings guidance for the third quarter of 2015. Consolidated Sales: Approximately 51.0 trillion Korean won. Consolidated Operating Profit: Approximately 7.3 trillion Korean won. The above figures are co
Published 20 Oct, 2015 12:00am
REAP appreciates services of S M Munir

REAP appreciates services of S M Munir

Noman Ahmed Shaikh, Senior Vice Chairman Rice Exporters Association of Pakistan (REAP) has appreciated the services of S M Munir, Chief Executive Trade Development Authority of Pakistan. He said S M Munir (SI) was the leader of business community and his
Published 20 Oct, 2015 12:00am
Businessmen's Panel slammed for launching drive against S M Munir

Businessmen's Panel slammed for launching drive against S M Munir

United Business Group has strongly condemned the false and malicious campaign launched by former Businessmen Panel of FPCCI, to defame the undisputed, honest leader of business community S M Munir, says a press release issued by the spokesman for the Unit
Published 20 Oct, 2015 12:00am
Imposition of RD on import of cotton yarn opposed
Cotton

Imposition of RD on import of cotton yarn opposed

A joint meeting of Chairmen, of all Value-added Textile Associations, PHMA PAKSEA; PRGMEA; PCFAMEA, TMA, APBUMA, PCMA, APTPMA etc was held at PHMA House Karachi on Monday. The meeting called after the last week's announcement of imposition of Regulatory D
Published 20 Oct, 2015 12:00am
PRGMEA opposes 10 percent RD on yarn import
Cotton

PRGMEA opposes 10 percent RD on yarn import

Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Chairman Irfan Ali has strongly opposed the imposition of 10 percent regulatory duty on the import of cotton yarn. Reacting over the government's decision to impose regulatory du
Published 20 Oct, 2015 12:00am
Unhygienic handling EU seafood suspension likely to stay

Unhygienic handling EU seafood suspension likely to stay

Pakistan is likely to retain its arbitrarily placed suspension on the seafood export to the EU for unimproved sanitary conditions at the fish harbour, sources said Monday. A deadline of October 20 that Marine Fisheries Department (MFD), Federal Ports and
Published 20 Oct, 2015 12:00am
TMA urges government to reduce gas, electricity rates

TMA urges government to reduce gas, electricity rates

Towel Manufacturers Association (TMA) being a part of the value-added sector of the textile industry is disappointed with the package given to APTMA on Saturday by the federal government. TMA said that 1 percent reduction in the ERF and LTF facilities wil
Published 20 Oct, 2015 12:00am
Partly Facetious: Their love for foreign tours

Partly Facetious: Their love for foreign tours

"You know all our heads of government have one thing in common: their love for foreign tours - be they civilian or military and need I add each new head of government breaks all past records of the number of foreign tours he/she takes, not only his own pa
Published 20 Oct, 2015 12:00am
Pak-Swiss 100-day moot concludes successfully

Pak-Swiss 100-day moot concludes successfully

On the occasion of the closing ceremony of 'Pakistan-Switzerland Friendship Exhibition' Consul General of Switzerland in Karachi Emil Wyss shared with the guests that the exhibition, which was the first of its kind informative event in Pakistan, has succe
Published 20 Oct, 2015 12:00am
Underprivileged schools Educational supplies given to over 2,500 pupils

Underprivileged schools Educational supplies given to over 2,500 pupils

Pakistan cannot be put on the path of progress and economic development until the government invests a big chunk of its budget in education sector. This was said by Muhammad Tallal, Brand Manager of Prince Biscuits while talking to Business Recorder</i
Published 20 Oct, 2015 12:00am
Thar coal power project to be functional by 2018: Bilawal

Thar coal power project to be functional by 2018: Bilawal

Bilawal Bhutto Zardari, Chairman Pakistan People's Party, has said that Thar coal project was a dream of his mother Shaheed Mohtarma Benazir Bhutt, adding that hopefully the Thar Coal & Power Project being piloted by Sindh Engro Coal-Mining Company (SECMC
Published 20 Oct, 2015 12:00am
Orientation session for new students of UET Peshawar held

Orientation session for new students of UET Peshawar held

The new students of Fall session 2015-16 received a rousing welcome from the faculty, administration and senior students at the orientation ceremony held at University of Engineering and Technology (UET) Peshawar, here on Monday. Almost 500 students atten
Published 20 Oct, 2015 12:00am
SECP registers 19 Underwriters' firms

SECP registers 19 Underwriters' firms

The Securities and Exchange Commission of Pakistan (SECP) has registered 19 Underwriters companies, granted license under the recently promulgated Underwriter Rules, 2015. These rules require all entities desirous of undertaking underwriting services to b
Published 20 Oct, 2015 12:00am
Minority shareholders K-Electric fails to announce dividend

Minority shareholders K-Electric fails to announce dividend

K-Electric has failed to announce any dividend for its minority shareholders despite posting a huge profit after tax (PAT) of Rs 28.3 billion for the fiscal year of 2015 (FY15). The shareholders at the annual general meeting (AGM) of the KE held in Karach
Published 20 Oct, 2015 12:00am
Rich tributes paid to Liaquat Ali Khan, Hakim Said

Rich tributes paid to Liaquat Ali Khan, Hakim Said

A function in the memory of Shaheed-e-Millat Liaquat Ali Khan and Shaheed-e-Pakistan Hakim Mohammed Said, comprised recitation of verses from Holy Qura'n, na'at, speeches, poetic homage, analogy (from dream to realisation), drama (depicting life and servi
Published 20 Oct, 2015 12:00am
FC personnel martyred in landmine blast

FC personnel martyred in landmine blast

A personnel of Frontier Corps (FC) was martyred in landmine blast in Khost area of Harnai district on Monday. According to FC spokesman, acting on a tip off, FC personnel reached the site where one of FC personnel was trying to defuse planted landmine whi
Published 20 Oct, 2015 12:00am
Samina Peezada educates couples on importance of mother, child health

Samina Peezada educates couples on importance of mother, child health

In an activity organized by DKT Pakistan Faisalabad, Samina Peerzada spoke with and educated the couples of the community about reproductive health and a clean and happy living. The activity which was held right after the parents and teachers meeting was
Published 20 Oct, 2015 12:00am
Indonesian naval ship arrives

Indonesian naval ship arrives

Indonesian Navy Ship KRI Sultan Iskandarmuda has arrived on a goodwill-cum-training visit here at Karachi Port Monday. The visiting ship was accorded a warm welcome and received by senior officials of Pakistan Navy and Indonesian Defence Attaché in Pakist
Published 20 Oct, 2015 12:00am
US visit: Shah criticises PM for not taking leaders into confidence

US visit: Shah criticises PM for not taking leaders into confidence

Opposition Leader in the National Assembly Syed Khursheed Shah has said that Prime Minister Nawaz Sharif should have taken the parliamentary leaders of different political parties into confidence before proceeding on his US visit. Talking to media persons
Published 20 Oct, 2015 12:00am
Two power towers blown up in Sibi

Two power towers blown up in Sibi

Two power towers of high transmission lines were blown up with an explosive material on Monday, leaving several cities including Quetta. According to security sources, some unidentified miscreants planted explosive devices at two power towers of high tran
Published 20 Oct, 2015 12:00am
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