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Nov 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-11-04
Australian shares jump

Australian shares jump

Australian shares rose sharply on Tuesday as bank stocks bounced back from heavy selling a day earlier and the central bank hinted at a possible cut in the near future after maintaining cash rate steady at a record low of 2.0 percent. The S&P/ASX 200 inde
Published 04 Nov, 2015 12:00am
China stocks down

China stocks down

China stocks closed down in thin trading on Tuesday as cautious investors waited on more details on Beijing's 13th-five year plan, a blue-print of policy priorities of the Chinese Communist Party Central Committee. The CSI300 index of the largest listed c
Published 04 Nov, 2015 12:00am
Rise in European stocks hindered by weak bank results

Rise in European stocks hindered by weak bank results

European shares recovered from a weak start on Tuesday, buoyed by a rise on Wall Street, though weak earnings from Standard Chartered and UBS dampened sentiment in the banking sector. Standard Chartered slid 6.7 percent after saying it wants to raise $5.1
Published 04 Nov, 2015 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks were broadly higher on Tuesday mainly boosted by gains in US tech shares. Benchmark heavyweight chipmaker TSMC was up 1.5 percent and major Apple supplier Hon Hai Precision was 0.1 percent higher, after rallies in US markets. The Nasdaq 100
Published 04 Nov, 2015 12:00am
Most Southeast Asian stocks rise

Most Southeast Asian stocks rise

Most Southeast Asian stock markets ended higher on Tuesday, with the Indonesian benchmark climbing for a second day as domestic investors continued to tiptoe back, but stocks in Thailand retreated as investors locked in quick gains. Jakarta's composite in
Published 04 Nov, 2015 12:00am
Rally in energy stocks helps FTSE to end higher

Rally in energy stocks helps FTSE to end higher

Britain's top share index closed higher on Tuesday, with a late rally in energy stocks on the back of strong crude oil prices outpacing weaker banks, which were led lower by a slump in Standard Chartered. Housebuilders also lost ground, with Barratt Devel
Published 04 Nov, 2015 12:00am
Aussie, kiwi jump

Aussie, kiwi jump

The Australian dollar muscled higher on Tuesday after the Reserve Bank of Australia (RBA) wrong-footed bears by skipping a chance to cut interest rates, and appeared to be in no rush to ease again. The Australian dollar was up two-thirds of a cent on the
Published 04 Nov, 2015 12:00am
Dollar, euro and yen tread water in Asia
Currency

Dollar, euro and yen tread water in Asia

The dollar, euro and yen treaded water on Tuesday in Asia, as the market was quiet with Tokyo on holiday and traders awaiting direction after the latest readings on global manufacturing activity failed to show clear economic trends. In Asia, the Australia
Published 04 Nov, 2015 12:00am
Euro dips in Europe as risk appetite grows
Currency

Euro dips in Europe as risk appetite grows

The euro dipped against a broadly stronger dollar on Tuesday, as investors regained some risk appetite and sold the single currency in favour of riskier ones such as the Australian dollar. As global stocks hit a 2 1/2-month high, the euro followed Europea
Published 04 Nov, 2015 12:00am
Early trade in New York: dollar climbs to near 12-week high

Early trade in New York: dollar climbs to near 12-week high

The dollar rose broadly to near a 12-week high on Tuesday as a jump in US bond yields and generally in-line US economic data buoyed the view that the Federal Reserve may raise interest rates in December. After a bout of profit-taking and risk aversion las
Published 04 Nov, 2015 12:00am
Euro steadies in New York
Currency

Euro steadies in New York

The euro held firm against the dollar on Monday after comments from two members of the European Central Bank's governing council lowered expectations for increasing its bond-purchase program next month. The euro clung to a 0.05 percent gain versus the dol
Published 04 Nov, 2015 12:00am
Sri Lankan rupee eases
Currency

Sri Lankan rupee eases

The Sri Lankan rupee ended a tad weaker for a fourth straight session on Tuesday as importer demand for the dollar surpassed mild greenback sales by exporters and banks, dealers said. The rupee ended at 141.15/20 per dollar, near its record low of 141.40
Published 04 Nov, 2015 12:00am
Solid stocks support Asia FX
Currency

Solid stocks support Asia FX

Most emerging Asian currencies rose on Tuesday as regional stock markets advanced on hopes that the global economy may be slowly pulling out of a soft patch. South Korea's won gained as the central bank stopped short of signalling additional interest rate
Published 04 Nov, 2015 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 78.14-78.15 (previous 78.07-78.10). 03.00-05.00 percent (Previous 03.00-05.50 percent).
Published 04 Nov, 2015 12:00am
Sterling inches up to 10-week high
Currency

Sterling inches up to 10-week high

Sterling survived a rocky session versus the dollar on Tuesday to hold near 10-week highs against a basket of currencies and gain ground against the euro, shrugging off data that showed growth in the British construction sector slowing. The pound hit a 10
Published 04 Nov, 2015 12:00am
China's yuan flat
Currency

China's yuan flat

China's yuan was almost unchanged at midday Tuesday as state-owned banks sold dollars to offset companies' strong demand for them, curbing losses the Chinese currency had in early trade. "Some state-owned banks sold dollars after a bout of dollar purchase
Published 04 Nov, 2015 12:00am
Police raid German FA offices for World Cup-linked tax evasion

Police raid German FA offices for World Cup-linked tax evasion

Police raided the offices of the German Football Federation (DFB) and the homes of top officials Tuesday over tax evasion allegations linked to Germany's hosting of the 2006 World Cup. Prosecutors said they were launching a tax probe but could not pursue
Published 04 Nov, 2015 12:00am
Kiwis take aim at 30-year drought against untested Aussies

Kiwis take aim at 30-year drought against untested Aussies

Highly-rated New Zealand swing pair Tim Southee and Trent Boult will look to put the hosts' new-look batting line-up to the sword at the Gabba from Thursday as the tourists chase their first series win in Australia for 30 years. Without a series triumph i
Published 04 Nov, 2015 12:00am
Saudi Arabia pull out of Palestine match

Saudi Arabia pull out of Palestine match

Saudi Arabia has decided not to play the disputed 2018 World Cup qualifier against Palestine in Ramallah, the Saudi federation said Tuesday. "The Saudi federation has sent an official letter in which it announced withdrawing from the match against Palesti
Published 04 Nov, 2015 12:00am
Shoaib Malik retires from Tests

Shoaib Malik retires from Tests

Former Pakistan captain Shoaib Malik announced his retirement from Test cricket after he failed in the second innings of the third Test against England in Sharjah on Tuesday. The 33-year-old only made a comeback in the longer format of the game after five
Published 04 Nov, 2015 12:00am
Sachin Tendulkar talks about India-Pakistan series

Sachin Tendulkar talks about India-Pakistan series

Advocating the need for improvement in relations between India and Pakistan, Indian batting legend Sachin Tendulkar said if the governments of the two countries feel a bilateral cricket series is the "ideal way" to move forward then it should be held. "Th
Published 04 Nov, 2015 12:00am
South Africa seek India's Test scalp

South Africa seek India's Test scalp

Buoyant South Africa will look to continue their amazing nine-year unbeaten run in away Test series when they begin a four-match contest against Virat Kohli's India in Mohali from Thursday. The Proteas, the world's top-ranked Test side, have not lost a se
Published 04 Nov, 2015 12:00am
Villa caught off Garde as Spurs stroll

Villa caught off Garde as Spurs stroll

Aston Villa's new manager Remi Garde discovered just how hard it will be to save his club from relegation as the Premier League strugglers slumped to a 3-1 defeat at Tottenham on Monday. Garde was confirmed as Villa boss on a three-and-a-half-year contrac
Published 04 Nov, 2015 12:00am
Zimbabwe shrug off Bangladesh security concerns

Zimbabwe shrug off Bangladesh security concerns

Zimbabwe have shrugged off security fears in Bangladesh that have forced other cricket teams to cancel their tours and were focused on winning, the captain and coach said Tuesday. The Zimbabweans arrived in the Bangladesh capital on Monday to play three o
Published 04 Nov, 2015 12:00am
Chinese group says will own 80 percent of Espanyol

Chinese group says will own 80 percent of Espanyol

A Chinese model car maker has agreed to buy a stake in debt-laden La Liga side Espanyol and will end up owning more than 80 percent of the Barcelona club, the company said Tuesday. Rastar Group struck a deal with two of the club's key shareholders to acqu
Published 04 Nov, 2015 12:00am
Hafeez leads Pakistan's fightback in final Test

Hafeez leads Pakistan's fightback in final Test

Opener Mohammad Hafeez notched a brilliant 97 under pressure to help Pakistan stage a comeback in the third and final Test against England in Sharjah on Tuesday. The 35-year-old was just three runs away from his ninth Test hundred as he took Pakistan to 1
Published 04 Nov, 2015 12:00am
'KFC Halal' falls fowl of Iran police

'KFC Halal' falls fowl of Iran police

Iranian police have swooped in to shutter a fried chicken shop using the brand name of US fast food giant KFC, local media said Tuesday. "Police closed the 'KFC' restaurant as it didn't have authorisation and had been operating under a false license," rep
Published 04 Nov, 2015 12:00am
Rare cyclone batters war-torn Yemen

Rare cyclone batters war-torn Yemen

A rare tropical cyclone has slammed into Yemen, triggering heavy flooding and causing "enormous" damage in a region of the war-racked country dominated by al Qaeda, a senior official said Tuesday. Packing winds of more than 100 kilometres (62 miles) per h
Published 04 Nov, 2015 12:00am
Indian court jails Uber driver for life for rape

Indian court jails Uber driver for life for rape

An Indian court on Tuesday sentenced an Uber driver to life in prison for raping a young woman passenger in New Delhi, a case that inflamed fears over sexual violence in the capital. The Delhi court last month convicted Shiv Kumar Yadav of abducting and r
Published 04 Nov, 2015 12:00am
Chalabi, key lobbyist for US-led invasion of Iraq, dies

Chalabi, key lobbyist for US-led invasion of Iraq, dies

Ahmed Chalabi, a key lobbyist for the US-led invasion of Iraq who was blamed for providing false intelligence on weapons of mass destruction to justify it, died of a heart attack Tuesday. The 71-year-old head of parliament's finance committee "died this m
Published 04 Nov, 2015 12:00am
Heart of Romanian queen laid to rest after 77-year journey

Heart of Romanian queen laid to rest after 77-year journey

The heart of British-born queen Marie of Romania was finally laid to rest on Tuesday after criss-crossing the nation for 77 years. Encased in a small silver casket, the heart was brought to Pelisor Castle in the Carpathian Mountains and placed in the room
Published 04 Nov, 2015 12:00am
Forbes family sues Chinese majority stakeholder investors

Forbes family sues Chinese majority stakeholder investors

The Forbes family is suing the Chinese investors that took a majority control of the Forbes Media group in 2014, alleging failure to pay, media reports said Monday. AFP confirmed the lawsuit, initially reported by the Financial Times, with a source close
Published 04 Nov, 2015 12:00am
Israel sets three-year minimum jail sentence for stone throwers

Israel sets three-year minimum jail sentence for stone throwers

Israel's lawmakers have voted to impose a minimum three-year jail sentence on stone throwers, the Knesset website said, weeks after the premier vowed "war" on those who pelt security forces with rocks. The law was approved late Monday by 57 votes against
Published 04 Nov, 2015 12:00am
Israeli army raids, shuts down Palestinian radio station

Israeli army raids, shuts down Palestinian radio station

The Israeli army on Tuesday raided and shut down a Palestinian radio station, confiscating equipment and causing significant damage, after the military accused it of celebrating attacks on Israelis. Dozens of soldiers barged into the offices of the Al-Hur
Published 04 Nov, 2015 12:00am
Beijing has 'duty to humanity' to boost green growth: Li

Beijing has 'duty to humanity' to boost green growth: Li

China has used up too much energy and too many resources in its quest for growth, Premier Li Keqiang told visiting French President Francois Hollande Tuesday, adding it has a "duty to humanity" to clean itself up. Li's comments come ahead of a UN climate
Published 04 Nov, 2015 12:00am
Japanese scientist stripped of doctorate over stem cell scandal

Japanese scientist stripped of doctorate over stem cell scandal

A Japanese university has revoked a doctoral degree awarded to a young researcher embroiled in a scandal that has rocked the scientific establishment. Haruko Obokata, 32, drew intense media scrutiny after failing to reproduce the results of what was once
Published 04 Nov, 2015 12:00am
Afghan woman stoned to death for 'adultery'

Afghan woman stoned to death for 'adultery'

A young Afghan woman was stoned to death after being accused of adultery, officials said Tuesday. The 30-second clip run in Afghan media shows a woman in a hole in the ground as turbaned men gather around and hurl stones at her with chilling nonchalance.
Published 04 Nov, 2015 12:00am
US to keep operating in South China Sea: US defence chief

US to keep operating in South China Sea: US defence chief

US Defence Secretary Ashton Carter on Tuesday told his Chinese counterpart Chang Wanquan that the American military would continue to operate in the South China Sea, a senior US defence official said. "(Carter) once again reaffirmed that the United States
Published 04 Nov, 2015 12:00am
Two-day workshop begins at LUMHS

Two-day workshop begins at LUMHS

A two-day workshop organised by Oral & Maxillofacial Department LUMHS was inaugurated at Dr Ishrat Ul Ibad Khan Dental Skill Laboratory LUMHS Jamshoro on Tuesday. While addressing the participants Vice Chancellor LUMHS Professor Muneer Ahmad Junejo expres
Published 04 Nov, 2015 12:00am
Demand to raise imported gas price may be fatal blow: PBIF
Currency

Demand to raise imported gas price may be fatal blow: PBIF

Pakistan Businessmen and Intellectuals Forum (PBIF) President Mian Zahid Hussain said exchange rate erosion and demand by the state-run energy companies to increase price of imported gas by 28 percent may prove a fatal blow to the whole project. Increased
Published 04 Nov, 2015 12:00am
Ban on cow slaughter in India: FPCCI optimistic about market opportunity

Ban on cow slaughter in India: FPCCI optimistic about market opportunity

Hindu-dominated India has started hitting its own multi-billion dollar beef and buffalo meat trade, with exports falling in the last six months as traders run short of supplies paving way for Pakistan to act fast to boost its beef and buffalo meat exports
Published 04 Nov, 2015 12:00am
Non-Performing Loans: Banks issue warning letters to TMA members

Non-Performing Loans: Banks issue warning letters to TMA members

Several members of Textile Mills Association (TMA) have received warning letters from various banks during the past few weeks according to which exporters were asked to settle their Non-Performing Loans (NPL) otherwise their case would be sent to other ag
Published 04 Nov, 2015 12:00am
96 aftershocks so far: rain-thunderstorm likely in Fata, GB today

96 aftershocks so far: rain-thunderstorm likely in Fata, GB today

The 8.1 magnitude of quake that ravaged mainly the northern mountainous parts of the country, followed by 96 aftershocks so far, according to the Met office on Tuesday. The weather has also turned hostile with snowfall and thunderstorm rain in quake stric
Published 04 Nov, 2015 12:00am
USAID launches maternal, child health program

USAID launches maternal, child health program

Thousands of women and new-borns die during pregnancy and childbirth each year in Pakistan. Identifying danger signs during pregnancy and the presence of skilled birth attendants during delivery could prevent many of these deaths. "Maternal and new-born d
Published 04 Nov, 2015 12:00am
Misuse of budget: Child mortality increasing in Sindh: PEW

Misuse of budget: Child mortality increasing in Sindh: PEW

The Pakistan Economy Watch (PEW) on Tuesday said health budget is being misused in Sindh which has resulted in increased child mortality. The infant mortality rate has increased from 74 per thousand live births in 2012 to 82 per thousand live births in 20
Published 04 Nov, 2015 12:00am
KE consumers to suffer more by new tariff formula

KE consumers to suffer more by new tariff formula

KE consumers, who are already hit by inflated bills, are now going to face more exacerbated situation, following an approval given by Nepra for tariff reformation that would escalate residential consumers' power bills by 25-30 per cent. According to sourc
Published 04 Nov, 2015 12:00am
CM tries to persuade: Australian government to make investment in Sindh

CM tries to persuade: Australian government to make investment in Sindh

Sindh government has invited Australian government to invest in agriculture, livestock, fisheries and energy sectors to grab the new business opportunities. Sindh Chief Minister Syed Qaim Ali Shah on Tuesday met Australian High Commissioner to Pakistan Ma
Published 04 Nov, 2015 12:00am
Orio launches 'OreoBond' campaign

Orio launches 'OreoBond' campaign

Since Oreo's inception in Pakistan, the brand has always tried to highlight the special bond that exists between families. In order to value these relationships, Oreo first brought to light the connection a father shares with his child which has now been
Published 04 Nov, 2015 12:00am
MCB Staff Union severely criticises PPP's Senator Ghani

MCB Staff Union severely criticises PPP's Senator Ghani

The highly malicious media campaign led by Saeed Ghani former employee of MCB and Senator of Pakistan People's Party, against MCB Bank Limited has irked the MCB Staff Union of Pakistan which termed it a direct attack on the bread and butter of all the ban
Published 04 Nov, 2015 12:00am
PLGMEA demands reduction in export refinance rate

PLGMEA demands reduction in export refinance rate

Patron-in-Chief of Pakistan Leather Garments Manufacturers & Exporters Association (PLGMEA) Fawad Ijaz Khan and Chaudhry Ahmed Zulfiqar Hayat Chairman PLGMEA has demanded from the government to announce the package for leather garments and leather goods s
Published 04 Nov, 2015 12:00am
Violating discipline in LB polls: ECP de-seats PTI councillor

Violating discipline in LB polls: ECP de-seats PTI councillor

Election Commission of Pakistan (ECP) on Tuesday disqualified Pakistan Tehreek-e-Insaf (PTI) female councillor Uzma Bashir for violating party's rules and discipline during local bodies' election. According to details, Chief Election Commissioner (CEC) Sa
Published 04 Nov, 2015 12:00am
No holiday on Iqbal Day

No holiday on Iqbal Day

The government has decided to do away with national holiday on the birth anniversary of Allama Muhammad Iqbal, which is celebrated on November 9. There would be no holiday on Iqbal Day, said a statement issued by the Interior Minister, adding all the offi
Published 04 Nov, 2015 12:00am
New & weak TMAs to get special grants: minister

New & weak TMAs to get special grants: minister

KP Senior Minister for Local Govt, Elections and Rural Development (LGE&RD) Inayatullah Khan has said that the present provincial government was quite aware of the problems of the new and financially weak TMAs. He revealed that his provincial government w
Published 04 Nov, 2015 12:00am
Trade officers: Commerce Ministry completes interview process

Trade officers: Commerce Ministry completes interview process

The Commerce Ministry has completed the interview process of more than 60 candidates of BS-20, 19 and 18 from different services groups for the vacant slots of 41 trade officers to be posted abroad with the "blessings" of Prime Minister's Office, which ha
Published 04 Nov, 2015 12:00am
'Women representation neglected in LB polls'

'Women representation neglected in LB polls'

Co-ordinator of women group Hyderabad formed by Aurat Foundation to protect rights of women, Hasseen Musrat has said that all political parties had not given due representation to women in Local Bodies elections in Sindh. She said this while addressing th
Published 04 Nov, 2015 12:00am
NAB KP arrests eight senior officials

NAB KP arrests eight senior officials

National Accountability Bureau (NAB) Khyber Pakhtunkhwa Tuesday arrested eight officials of the provincial government for alleged misuse of authority and embezzlement of funds through ghost schemes in districts Mansehra and Torghar amounting to Rs 100 mil
Published 04 Nov, 2015 12:00am
Imran irked by question about divorce

Imran irked by question about divorce

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Tuesday reprimanded a journalist for asking a question about his recent divorce with Reham Khan. Imran Khan appeared to have lost his temper at a press conference here when a reporter asked him a quest
Published 04 Nov, 2015 12:00am
Third international Hindko Conference from November 20

Third international Hindko Conference from November 20

The 3rd International Hindko Conference to be held on 20th, 21st and 22nd of November, 2015 at Archives Hall, Peshawar. This conference is for the Promotion of Hindko and other Pakistani languages, literature and culture for the cause of integration and p
Published 04 Nov, 2015 12:00am
Two separate projects to be launched to enhance efficiency of Discos

Two separate projects to be launched to enhance efficiency of Discos

The federal government will launch two separate projects for advanced metering infrastructure, new customer information and billing system for all companies in Lahore Electric Supply Company (Lesco) and Islamabad Electricity Supply Company (Iesco) at an e
Published 04 Nov, 2015 12:00am
National Assembly body passes Criminal Law (Amendment) Bill

National Assembly body passes Criminal Law (Amendment) Bill

The National Assembly Committee on Interior and Narcotics Control on Tuesday passed Criminal Law (Amendment) Bill, 2014 which proposed death penalty for people involved in rape cases instead of one-year imprisonment. The committee met with Rana Shamim Ahm
Published 04 Nov, 2015 12:00am
President felicitates Turkish PM

President felicitates Turkish PM

President Mamnoon Hussain telephoned Turkish Prime Minister Ahmet Davutoglu on Tuesday and felicitated on the success of Justice and Development Party (AKP) in elections. The President hoped that democracy would further strengthen in Turkey with the succe
Published 04 Nov, 2015 12:00am
Peace body member killed in Bajaur Agency blast

Peace body member killed in Bajaur Agency blast

At least two persons including a peace committee member and tribal elder were killed and his two sons injured in a road side bomb explosion in Golo Shah area of Khar tehsil in Bajaur Agency here on Tuesday. According to official sources, the remote contro
Published 04 Nov, 2015 12:00am
HEC forms body to resolve BZU issue within 15 days

HEC forms body to resolve BZU issue within 15 days

After getting directives from Prime Minister Nawaz Sharif, Higher Education Commission (HEC) has constituted a four-member committee to resolve Bahauddin Zakriya University (BZU) issue within 15 days. Chairman HEC Dr Mukhtar Ahmad while addressing a press
Published 04 Nov, 2015 12:00am
Shareholders' rights: SECP won't act as bystander: Commissioner

Shareholders' rights: SECP won't act as bystander: Commissioner

The Securities and Exchange Commission of Pakistan (SECP) has declared that the commission is not the bystander obliged to grant approval to all the companies' requests approval by special resolutions. This has been submitted by the Commissioner Company L
Published 04 Nov, 2015 12:00am
FIA arrests CDA officials for setting up illegal slum

FIA arrests CDA officials for setting up illegal slum

In massive crackdown, Federal Investigation Agency (FIA) on Tuesday arrested five directors, two deputy directors and other three officials of Capital Development Authority (CDA) for their alleged involvement in setting up illegal slum in capital.
Published 04 Nov, 2015 12:00am
HRCP condemns attack on monitor in Tank

HRCP condemns attack on monitor in Tank

The Human Rights Commission of Pakistan (HRCP) has expressed great sorrow over the killing of Zaman Mehsud, the HRCP monitor for South Waziristan, following a targeted attack in Tank on Tuesday. In a statement, the commission said: "We announce with great
Published 04 Nov, 2015 12:00am
MoU signed to provide relief to complainants at PS

MoU signed to provide relief to complainants at PS

The Social Welfare and Women Empowerment Department and KP Police on Tuesday signed an MoU under which distressed complainants visiting the police station will be provided with immediate relief.
Published 04 Nov, 2015 12:00am
Seminar

Seminar

Commissioner Abdullah Khan Sumbal has said that Lahore will host global seminar on November 6 and 7 on "business opportunities in Punjab". Over 200 business dignitaries and delegations are expected to attend this two-day seminar. The commissioner chaired
Published 04 Nov, 2015 12:00am
SNGPL clarification

SNGPL clarification

The spokesman for SNGPL while commenting on the proceedings of National Assembly standing committee meeting held on 02-11-2015 as reported in a section of national press, has clarified that SNGPL and the management are fully and whole-heartedly committed
Published 04 Nov, 2015 12:00am
Punjab is ready to enhance quota for Balochistan students: Shahbaz

Punjab is ready to enhance quota for Balochistan students: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that Pakistan is of all of us and collective efforts are required for its development and prosperity. He said that Punjab government is ready to enhance the quota of the students of Balochistan in edu
Published 04 Nov, 2015 12:00am
Workshop on role, responsibility of withholding agents

Workshop on role, responsibility of withholding agents

A workshop on the topic of role and responsibility of withholding agents under Punjab Sales Tax on Services Act 2012, withholding rules 2015 was held here at a local hotel under the joint arrangements of Punjab Revenue Authority (PRA) and German NGO GIZ.
Published 04 Nov, 2015 12:00am
Next phase of LB polls: PPP making plans

Next phase of LB polls: PPP making plans

Pakistan Peoples' Party (PPP) in the Punjab is gearing up for the next phase of the Local Bodies' elections. Party sources said on Tuesday the party was serious than ever in contesting the elections and trying to mobilise voters at the union council level
Published 04 Nov, 2015 12:00am
Textile package: Aptma preparing for meeting with Dar

Textile package: Aptma preparing for meeting with Dar

The All Pakistan Textile Mills Association (Aptma) has started preparation for its upcoming meeting with federal Finance Minister Ishaq Dar on the remaining part of the textile package. Industry sources said on Tuesday that the association was busy with s
Published 04 Nov, 2015 12:00am
Cotton arrival 22.87 percent less: PCGA report
Cotton

Cotton arrival 22.87 percent less: PCGA report

Pakistan Cotton Ginners Association (PCGA) has issued the figures of cotton arrival up to October 31st, 2015. Seed cotton (Phutti) equivalent to over 64,65,600 bales of cotton have reached ginneries across Pakistan as of October 31st showing a decrease of
Published 04 Nov, 2015 12:00am
Pesco to construct 132KV new grid station

Pesco to construct 132KV new grid station

Peshawar Electricity Supply Company (Pesco) has decided the construction of a new 132 KV grid station in Peshawar Cantonment. For this purpose several sits were inspected by the technical teams, but due to congested area and lengthy process it was decided
Published 04 Nov, 2015 12:00am
Raiwand congregation: LTC to run special mini-buses

Raiwand congregation: LTC to run special mini-buses

Lahore Transport Company (LTC) and its private transport operators will run special mini buses to help commuters take part in a Raiwand congregation. The mini buses will run in the first phase from November 5 and 8, while the second phase from November 12
Published 04 Nov, 2015 12:00am
Punjab Governor opens food and nutrition week

Punjab Governor opens food and nutrition week

Governor Malik Muhammad Rafique Rajwana on Tuesday inaugurated the "Food and Nutrition Week-2015" and the International Human Nutrition Conference which was organised by the University of Veterinary and Animal Sciences in Lahore in collaboration with the
Published 04 Nov, 2015 12:00am
Shanghai copper down

Shanghai copper down

Shanghai Futures Exchange copper ended 0.26 percent lower at 38,510 yuan ($6,078) on Tuesday on festering worries over demand in top metals consumer China, but aluminium prices gained as US producing giant Alcoa Inc cut output to attack a supply glut. Str
Published 04 Nov, 2015 12:00am
Copper steadies, looking for clues to Chinese demand

Copper steadies, looking for clues to Chinese demand

Copper prices steadied on Tuesday as expectations of tighter supplies supported prices and the market looked for further clues to determining the strength of demand in top consumer China. Benchmark copper ended unchanged at $5,125 a tonne, recovering from
Published 04 Nov, 2015 12:00am
Oil up four percent; gasoline adds fuel to rally on Libya, Brazil

Oil up four percent; gasoline adds fuel to rally on Libya, Brazil

Crude prices rose about 4 percent on Tuesday as a rally in US gasoline and diesel added support to oil markets already boosted by an industry strike in Brazil and force majeure for Libyan crude loadings. The rebound, after a 1 percent drop in crude prices
Published 04 Nov, 2015 12:00am
Informa raises US corn and soya crop estimates

Informa raises US corn and soya crop estimates

Private analytics firm Informa Economics raised its estimates of the US 2015 corn and soyabean crops on Tuesday, trade sources said. The firm projected US 2015 corn production at 13.718 billion bushels, with a yield of 170.1 bushels per acre (bpa). The fi
Published 04 Nov, 2015 12:00am
Wheat falls most in two months

Wheat falls most in two months

Chicago wheat futures fell nearly 3 percent on Monday, the most in two months, as rain in dry US areas encouraged the market to stay within its trading range after weather worries earlier drove prices to a three-week high. Traders were awaiting US governm
Published 04 Nov, 2015 12:00am
Palm oil drops
Vegetable Oil

Palm oil drops

Malaysian palm oil fell on Tuesday, stretching its losses into a third session, due to rising stocks and slowing demand from key importing nations. The January benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange closed 0.9 percent lower
Published 04 Nov, 2015 12:00am
ICE sugar soars

ICE sugar soars

Raw sugar futures on ICE jumped to a nine-month high on Tuesday, on fund buying and commercial short-covering after the prior session's breach of the key 15-cent level, while the spot robusta coffee spread widened to a contract low. Coffee futures rose, a
Published 04 Nov, 2015 12:00am
Gold dips in New York

Gold dips in New York

Gold hit a four-week low on Monday, extending a sell-off into a fourth straight session as technical signals deteriorated and investors fretted that the Federal Reserve would raise US interest rates this year. The metal failed to benefit from a fall in th
Published 04 Nov, 2015 12:00am
Gold rises in Asia

Gold rises in Asia

Gold firmed after a four-day decline on Tuesday but languished near a four-week low as investors dumped the metal on expectations the Federal Reserve would hike US rates this year. The Fed last week firmly put a December rate rise in play, hurting earlier
Published 04 Nov, 2015 12:00am
Gold extends slide for fifth session in Europe

Gold extends slide for fifth session in Europe

Gold fell 1 percent to a four-week low on Monday, sliding for a fifth straight session as prices came under pressure from a rising dollar and speculation that the Federal Reserve may lift interest rates this year. The Fed last week put a December rate ris
Published 04 Nov, 2015 12:00am
US MIDDAY: wheat rises

US MIDDAY: wheat rises

Wheat prices rose about 1.4 percent early on Tuesday, rebounding in largely technical trade on ideas that a sell-off of nearly 3 percent a day earlier was overdone, traders said. Corn and soyabeans were also higher, supported by firm US cash markets. At t
Published 04 Nov, 2015 12:00am
US MIDDAY: gold keep falling

US MIDDAY: gold keep falling

Gold fell nearly 2 percent to a four-week low early on Tuesday, sliding for a fifth straight session as prices came under pressure from a rising dollar and speculation that the US Federal Reserve may lift interest rates this year. The Fed last week put a
Published 04 Nov, 2015 12:00am
APCMA for introducing safeguard mechanism to stop smuggling

APCMA for introducing safeguard mechanism to stop smuggling

All Pakistan Cement Manufacturers Association (APCMA) has called for introduction of a safeguard mechanism to stop cement smuggling into the country. "Cement industry has approached various decision makers to stop influx of Iranian cement into Pakistan fr
Published 04 Nov, 2015 12:00am
Huge cache of weapons seized in Orakzai Agency

Huge cache of weapons seized in Orakzai Agency

Security forces on Tuesday have seized huge cache of weapons in an operation in Orakzai Agency. Security forces acted on a tip-off from intelligence agencies and raided a house in Masti Mela. Weapons in huge quantity were seized from the house. At least 1
Published 04 Nov, 2015 12:00am
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