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Print - 2015-11-20
Lowe's sales top estimates amid strengthening US housing market

Lowe's sales top estimates amid strengthening US housing market

Lowe's Cos Inc followed larger rival Home Depot Inc in reporting better-than-expected quarterly profit and same-store sales, and the company said it expects higher spending on home improvement to continue until 2017 at least. Strong results from the top t
Published 20 Nov, 2015 12:00am
Ukraine to cap wheat exports at 16.6 million tonnes in 2015-16

Ukraine to cap wheat exports at 16.6 million tonnes in 2015-16

The Ukrainian agriculture ministry and traders have agreed to cap wheat exports at 16.6 million tonnes this season, leaving enough stock to meet domestic demand, Minister Oleksiy Pavlenko said on Thursday. State forecasters have said severe drought across
Published 20 Nov, 2015 12:00am
US clears oil service giant Schlumberger to buy Cameron

US clears oil service giant Schlumberger to buy Cameron

Schlumberger, the world's leading oilfield services company, said Wednesday it had received US regulatory clearance to acquire equipment maker Cameron. Franco-American Schlumberger announced the deal, valued at $14.8 billion (13 billion euros), in August.
Published 20 Nov, 2015 12:00am
UK Mail's pretax profit slumps on lower parcels margin

UK Mail's pretax profit slumps on lower parcels margin

UK Mail Group Plc reported a 56 percent slump in first-half pretax profit, hurt by inefficiencies in its new automated hub and a lower contribution from its parcels unit. UK Mail also said its expectations for the next financial year have softened slightl
Published 20 Nov, 2015 12:00am
UK Mail's pretax profit slumps on lower parcels margin

UK Mail's pretax profit slumps on lower parcels margin

UK Mail Group Plc reported a 56 percent slump in first-half pretax profit, hurt by inefficiencies in its new automated hub and a lower contribution from its parcels unit. UK Mail also said its expectations for the next financial year have softened slightl
Published 20 Nov, 2015 12:00am
Target's online sales growth slows; margins pressured

Target's online sales growth slows; margins pressured

Target Corp faces margin pressure and will not meet its fiscal-year forecast for online sales growth, which slowed in the latest quarter, the discount retailer said on Wednesday, sending its shares down more than 5 percent. Digital sales, which include on
Published 20 Nov, 2015 12:00am
Target's online sales growth slows; margins pressured

Target's online sales growth slows; margins pressured

Target Corp faces margin pressure and will not meet its fiscal-year forecast for online sales growth, which slowed in the latest quarter, the discount retailer said on Wednesday, sending its shares down more than 5 percent. Digital sales, which include on
Published 20 Nov, 2015 12:00am
Best Buy sales down; outlook for holiday season weak
Currency

Best Buy sales down; outlook for holiday season weak

Best Buy Co Inc forecast a revenue decline for the crucial holiday quarter and reported lower-than-expected quarterly sales due to weak demand for mobile phones, tablets, repair services and warranties. Shares of the No 1 US consumer electronics chain fel
Published 20 Nov, 2015 12:00am
Best Buy sales down; outlook for holiday season weak
Currency

Best Buy sales down; outlook for holiday season weak

Best Buy Co Inc forecast a revenue decline for the crucial holiday quarter and reported lower-than-expected quarterly sales due to weak demand for mobile phones, tablets, repair services and warranties. Shares of the No 1 US consumer electronics chain fel
Published 20 Nov, 2015 12:00am
Banks charge over seven percent to transfer money internationally

Banks charge over seven percent to transfer money internationally

US and UK banks charge on average more than 7 percent for international money transfers worth $1000, several times the average cost at a new group of web providers, the first detailed study of the market showed on Thursday. The report by FXCompared.com be
Published 20 Nov, 2015 12:00am
Johnson Matthey to pay out $466 million to shareholders, cut costs

Johnson Matthey to pay out $466 million to shareholders, cut costs

Johnson Matthey, the world's biggest maker of metal catalysts for car emission-control devices, will pay 305 million pounds ($466 million) to shareholders as a special dividend after selling two businesses. Reporting a dip in half-year profits, the compan
Published 20 Nov, 2015 12:00am
Saudi firm injects 49 million euros into Euro Disney

Saudi firm injects 49 million euros into Euro Disney

A firm owned by a Saudi prince said Wednesday it has injected 49.2 million euros ($52.37 million) into the struggling Euro Disney theme park operator under a recapitalisation plan. Riyadh-based Kingdom Holding Co, 95 percent owned by the billionaire Princ
Published 20 Nov, 2015 12:00am
Saudi Arabia says oil price slump should not stop investment

Saudi Arabia says oil price slump should not stop investment

Saudi Oil Minister Ali al-Naimi called for sustained investment in new output capacity Thursday despite the slump in world prices. Naimi said global production lost four million barrels per day due to natural depreciation and predicted an increase in dema
Published 20 Nov, 2015 12:00am
Purchasing power in Syria drops 80 percent since war
Currency

Purchasing power in Syria drops 80 percent since war

Residents of war-torn Syria have seen their purchasing power drop by an estimated 80 percent since the beginning of the country's conflict in 2011, the Al-Watan daily said on Thursday. Jamal al-Satal, head of Syria's Consumer Protection Society, told the
Published 20 Nov, 2015 12:00am
US approves genetically modified salmon for food

US approves genetically modified salmon for food

US regulators on Thursday approved a type of genetically modified salmon, saying it is safe to eat and making it the first transgenic animal destined for American dinner tables. The Food and Drug Administration's decision came after years of controversy o
Published 20 Nov, 2015 12:00am
Egypt, Russia sign deal to build a nuclear power plant

Egypt, Russia sign deal to build a nuclear power plant

Moscow and Cairo signed an agreement on Thursday for Russia to build a nuclear power plant in Egypt, with Russia extending a loan to Egypt to cover the cost of construction. A spokesman for Russia's state-owned nuclear firm Rosatom said the plant, Egypt's
Published 20 Nov, 2015 12:00am
Fairly upbeat US data highlight economy's resilience

Fairly upbeat US data highlight economy's resilience

New US applications for unemployment benefits fell last week while a gauge of US economic activity rebounded in October, signs of a healthy labour market and economy that could give the Federal Reserve confidence to raise interest rates next month. Other
Published 20 Nov, 2015 12:00am
Largest diamond in over century found in Botswana

Largest diamond in over century found in Botswana

A 1,111 carat "high quality diamond" has been discovered at a mine in Botswana, said to be the biggest find in more than a century, according to the mine company. The gem, only second in size to the Cullinan diamond which was unearthered in South Africa i
Published 20 Nov, 2015 12:00am
PNSC swaps loan of Rs 3.3 billion with another soft loan

PNSC swaps loan of Rs 3.3 billion with another soft loan

Pakistan National Shipping Corporation (PNSC) has successfully swapped its Rs 3.3 billion loan with another loan on soft terms, with a repayment period of four years on low mark-up and thus PNSC has saved tens of millions of rupees. In this regard, a sign
Published 20 Nov, 2015 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (November 19, 2015).

Published 20 Nov, 2015 12:00am
SC restores membership of PTI MPA

SC restores membership of PTI MPA

The Supreme Court restored the membership of Tehreek-e-Insaf (PTI) Syed Hafeez Uddin as MPA from the constituency of PS-93 Karachi while declaring null and void the decision of Election Tribunal (ET) which disqualified him. A three-judge bench headed by J
Published 20 Nov, 2015 12:00am
Drilling of first shale oil/gas well starts in Sindh: Abbasi

Drilling of first shale oil/gas well starts in Sindh: Abbasi

The state-owned Exploration and Production (E&P) companies; Pakistan Petroleum Limited (PPL) and Oil and Gas Development Company Limited (OGDCL), have started drilling of country's first ever shale oil/gas well in Sindh. This was stated by Federal Ministe
Published 20 Nov, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (November 19, 2015)

Published 20 Nov, 2015 12:00am
Drilling of first shale oil/gas well starts in Sindh: Abbasi

Drilling of first shale oil/gas well starts in Sindh: Abbasi

The state-owned Exploration and Production (E&P) companies; Pakistan Petroleum Limited (PPL) and Oil and Gas Development Company Limited (OGDCL), have started drilling of country's first ever shale oil/gas well in Sindh. This was stated by Federal Ministe
Published 20 Nov, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (November 19, 2015).

Published 20 Nov, 2015 12:00am
Drilling of first shale oil/gas well starts in Sindh: Abbasi

Drilling of first shale oil/gas well starts in Sindh: Abbasi

The state-owned Exploration and Production (E&P) companies; Pakistan Petroleum Limited (PPL) and Oil and Gas Development Company Limited (OGDCL), have started drilling of country''s first ever shale oil/gas well in Sindh. This was stated by Federal Minist
Published 20 Nov, 2015 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 20 Nov, 2015 12:00am
Government will now focus on growth, employment generation: Dar

Government will now focus on growth, employment generation: Dar

Finance Minister, Senator Mohammad Ishaq Dar, here on Thursday chaired a meeting to review progress of economic reforms in the country. The meeting was attended by Secretaries of Finance, EAD, Commerce, Chairmen of SECP and the FBR as well as the World Ba
Published 20 Nov, 2015 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 20 Nov, 2015 12:00am
Government will now focus on growth, employment generation: Dar

Government will now focus on growth, employment generation: Dar

Finance Minister, Senator Mohammad Ishaq Dar, here on Thursday chaired a meeting to review progress of economic reforms in the country. The meeting was attended by Secretaries of Finance, EAD, Commerce, Chairmen of SECP and the FBR as well as the World Ba
Published 20 Nov, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (November 19, 2015).

Published 20 Nov, 2015 12:00am
Government will now focus on growth, employment generation: Dar

Government will now focus on growth, employment generation: Dar

Finance Minister, Senator Mohammad Ishaq Dar, here on Thursday chaired a meeting to review progress of economic reforms in the country. The meeting was attended by Secretaries of Finance, EAD, Commerce, Chairmen of SECP and the FBR as well as the World Ba
Published 20 Nov, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (November 19, 2015).

Published 20 Nov, 2015 12:00am
The Weather

The Weather

The weather report on Thursday (November 19, 2015) and the forecast for Friday (November 20, 2015).

Published 20 Nov, 2015 12:00am
Russia, China agree $2 billion deal for 24 Su-35 warplanes

Russia, China agree $2 billion deal for 24 Su-35 warplanes

Russia and China have agreed on the sale of 24 advanced Sukhoi Su-35 fighters to Beijing, the Russian state holding Rostec said on Thursday. The deal - which military experts say could be worth more than $2 billion (1.87 billion euros) - represents the fi
Published 20 Nov, 2015 12:00am
Russia, China agree $2 billion deal for 24 Su-35 warplanes

Russia, China agree $2 billion deal for 24 Su-35 warplanes

Russia and China have agreed on the sale of 24 advanced Sukhoi Su-35 fighters to Beijing, the Russian state holding Rostec said on Thursday. The deal - which military experts say could be worth more than $2 billion (1.87 billion euros) - represents the fi
Published 20 Nov, 2015 12:00am
Seeking access to PSEs' accounts

Seeking access to PSEs' accounts

According to a report in this newspaper on 17th November, 2015, Auditor General of Pakistan (AGP) will route a law through Ministry of Finance and the Ministry of Law and Justice to Parliament that will make it mandatory for public organisations to presen
Published 20 Nov, 2015 12:00am
Army chief in US

Army chief in US

With arguably infamous 'do more' mantra rendered infructuous in the wake of the operation Zarb-e-Azb Army Chief General Raheel Sharif now expects his American counterparts to do their part. If at the Pentagon the two sides focused on how to co-ordinate th
Published 20 Nov, 2015 12:00am
Flat-rate taxation: Alternate solution - I

Flat-rate taxation: Alternate solution - I

Synopsis: At present, both the centre and provinces are not collecting taxes according to their respective potential due to weak enforcement and inherent problems of an outdated tax system. Total tax potential of Pakistan is around Rs 12 trillion i
Published 20 Nov, 2015 12:00am
Playing politics with terrorism

Playing politics with terrorism

Cornered in some pockets in difficult mountainous terrains by the operation Zarb-e-Azb and without the space and freedom to move around, the militants are now incapable of launching any major attacks against the forces of law and order bringing peace to t
Published 20 Nov, 2015 12:00am
With no one at helm, Portugal faces instability and strife

With no one at helm, Portugal faces instability and strife

In the Portuguese town of Almada, Communist activists are handing out leaflets that bear the hammer-and-sickle logo and triumphantly proclaim: "Government destroyed, victory for the workers' struggle". It seems like a throwback to a bygone era. But a left
Published 20 Nov, 2015 12:00am
Food on PIA flights

Food on PIA flights

Aqam-ud-Din Khan's write-up titled "PIA maintains tradition of serving high quality in-flight meals" carried by Business Recorder on 15th November, speaks volumes of PIA's "simplicity". To put it other way round, it educates one how fellow organisa
Published 20 Nov, 2015 12:00am
US MIDDAY: gold bounces from multi-year low

US MIDDAY: gold bounces from multi-year low

Gold rose 1 percent on Thursday, rebounding from near six-year lows as indications from the US Federal Reserve that it may move cautiously into the rate hiking cycle weighed on the dollar and prompted investors to cover short positions. Fed officials on W
Published 20 Nov, 2015 12:00am
US MIDDAY: Wheat, corn and soyabeans higher

US MIDDAY: Wheat, corn and soyabeans higher

US wheat, corn and soyabean futures firmed early on Thursday on support from better-than-expected export sales reports for all three commodities, traders said. The gains in soyabeans were limited by a huge global supply base following bumper harvests acro
Published 20 Nov, 2015 12:00am
Commodity prices could see sharp drop: Goldman

Commodity prices could see sharp drop: Goldman

Commodity prices could see another sharp drop as an adjustment in supplies from energy, metals and agricultural producers remains insufficient in the face of weaker demand at key consumers like China, US investment bank Goldman Sachs said. Slow global eco
Published 20 Nov, 2015 12:00am
Effective traffic rules can help save lives: seminar told

Effective traffic rules can help save lives: seminar told

"Effective planning and implementation of traffic rules can help curtailing fatal road traffic accidents, which are claiming the precious human lives to the volume of 1.3 million across the world and 13,000 in Pakistan annually," said speakers of a semina
Published 20 Nov, 2015 12:00am
Dar reviews options for restructuring PIA

Dar reviews options for restructuring PIA

A high-level meeting chaired by Finance Minister, Ishaq Dar here on Thursday reviewed different options for restructuring of Pakistan International Airlines (PIA), establishing it on a strong foundation of public-private partnership. The Chairman Privatis
Published 20 Nov, 2015 12:00am
Wapda union puts off strike after PM's assurance

Wapda union puts off strike after PM's assurance

Delegation of Wapda Union called on Prime Minister Nawaz Shairf at PM House, here on Thursday. The Prime Minister listened to the complaints of the delegation and directed to the concerned authorities to examine the complaints of the union and submit a re
Published 20 Nov, 2015 12:00am
'Rediscovering Harappa expo opens tomorrow'

'Rediscovering Harappa expo opens tomorrow'

A special exhibition titled "rediscovering Harappa: through the five elements (water, earth, fire, air, ether)" is opening on November 21 at the Lahore Museum. Rana Mashhood Ahmad Khan, Provincial Minister for Education, Archaeology, Tourism, Sports and Y
Published 20 Nov, 2015 12:00am
Chakdara-Dir Upper-Chitral road: Prime Minister announces construction

Chakdara-Dir Upper-Chitral road: Prime Minister announces construction

Prime Minister Nawaz Sharif on Thursday announced construction of gigantic Chakdara-Dir Upper-Chitral Road that would generate employment opportunities besides boosting trade and economic activities in the region. Addressing a mammoth public gathering at
Published 20 Nov, 2015 12:00am
'Harassment of workers': PTI decides to approach ECP against ICT Police

'Harassment of workers': PTI decides to approach ECP against ICT Police

Pakistan Tehreek-e-Insaf (PTI) has decided to approach Election Commission of Pakistan (ECP), seeking stern action against the top officials of Islamabad Capital Territory (ICT) Police for "harassing" the party workers ahead of the local government electi
Published 20 Nov, 2015 12:00am
World Toilet Day observed

World Toilet Day observed

The UN-Habitat and Unicef observed the World Toilet Day all over the world including Pakistan on Thursday, in order to increase awareness about sanitation and hygiene. Addressing a function in connection with the World Toilet Day here on Thursday, Educati
Published 20 Nov, 2015 12:00am
UN-HABITAT, NUST observe World Toilet Day

UN-HABITAT, NUST observe World Toilet Day

UN-HABITAT and UNICEF organised a walk at National University of Science and Technology (NUST) in respect to the World Toilet Day observed here on Thursday. The walk was organised to increase awareness regarding sanitation and hygiene in Pakistan, especia
Published 20 Nov, 2015 12:00am
LCCI for building KBD without further delay

LCCI for building KBD without further delay

"The rising population graph can give birth to severe food security challenges in near future and therefore, government should construct the Kalabagh Dam at any cost as it brings a chunk of land under cultivation which is currently lying idle because of l
Published 20 Nov, 2015 12:00am
Revenue targets: 'FBR should immediately stop negative tactics'

Revenue targets: 'FBR should immediately stop negative tactics'

"The Federal Board of Revenue (FBR) should immediately stop negative tactics like property seal and seizing of accounts of taxpayers to meet its revenue targets as these acts are hampering business atmosphere in the country." These views were expressed by
Published 20 Nov, 2015 12:00am
PTI stands third: PML-N and Independents sweep 2nd phase of LB polls

PTI stands third: PML-N and Independents sweep 2nd phase of LB polls

Second phase of LG Elections were peacefully held in 12 districts of Punjab namely Sargodha, Gujranwala, Sahiwal, Attock, Jehlum, Minanwali, Chiniot, Toba Tekh Singh, Hafizabad, Mandi Bahauddin, Sheikupura and Khanewal. According to unofficial results PML
Published 20 Nov, 2015 12:00am
Over 4,000 Sikh pilgrims to attend Guru Nanak anniversary

Over 4,000 Sikh pilgrims to attend Guru Nanak anniversary

Over 4,000 Sikh pilgrims are to arrive in the provincial capital by special trains through the Wagah Border today (Friday) to attend the 541st birth anniversary celebrations of Guru Nanak, the first guru of Sikhism, at his birthplace. The border is placed
Published 20 Nov, 2015 12:00am
IDA mulling providing $34.95 million for WCAP

IDA mulling providing $34.95 million for WCAP

International Development Association (IDA) is considering to provide US $34.95 million for Water Sector Capacity Building & Advisory Services Project (WCAP), which will improve the management and investment planning of water resources in the Indus River
Published 20 Nov, 2015 12:00am
Advisor to KP: chief minister gives cheque to ailing singer

Advisor to KP: chief minister gives cheque to ailing singer

Advisor Chief Minister on Tourism, Culture, Sports Amjad Khan Afridi on Thursday went to Kakshal Peshawar with Deputy Parliamentary Leader of PTI Shaukat Yousafzai and gave a cheque of Rs 0.5 million to the ailing Pashto singer Hidayat ullah Khan for his
Published 20 Nov, 2015 12:00am
PDWP approves three uplift schemes

PDWP approves three uplift schemes

The Provincial Development Working Party (PDWP) held its special meeting under the Chairmanship of Dr Hammad Uwais Agha, Additional Chief Secretary Khyber Pakhtunkhwa on Thursday. The meeting was attended by its members Syed Zafar Ali Shah, Secretary P&D
Published 20 Nov, 2015 12:00am
CPEC vital for economic development: Sherpao

CPEC vital for economic development: Sherpao

KP Senior Minister and QWP provincial Chairman Sikandar Hayat Khan Sherpao has said China-Pakistan Economic Corridor (CPEC) is a project of vital importance for economic development of the country especially militancy-hit Khyber Pakhtunkhwa province and t
Published 20 Nov, 2015 12:00am
UAF to hold Rabi festival from November 23

UAF to hold Rabi festival from November 23

The University of Agriculture Faisalabad (UAF) is holding Rabi festival from November 23 to 27th. As per details, on November 23, Kissan conventions at faculty level will be held in each faculty to have a close interaction and contacts with the relevant s
Published 20 Nov, 2015 12:00am
Four injured in cracker attack

Four injured in cracker attack

Four persons were wounded in a cracker incident in Mauripur area of the metropolis here on Thursday. Rescue sources said the injured identified as Chundar Kumar, aged 30, son of Gan Kumar, Laff Kumar, 30, son of Jaman Das, Shankar, 32, son of Lal Chan and
Published 20 Nov, 2015 12:00am
DG Rangers reviews security arrangements in Badin

DG Rangers reviews security arrangements in Badin

Director General (DG) Sindh Rangers Major General Bilal Akbar on Thursday visited Islamia Collage Polling Station in Badin and reviewed law and order situation. According to the reports, DG Rangers directed the Deputy Returning Officer Muhammad Rafiqu Qur
Published 20 Nov, 2015 12:00am
CRM demands legislation for child protection

CRM demands legislation for child protection

Child Right Movement (CRM) demanded of the provincial government to introduce legislation in Balochistan Assembly for child protection. Addressing media at Quetta Press Club on Wednesday CRM Co-ordinator Behram Lehri raised the demand adding that 4000 chi
Published 20 Nov, 2015 12:00am
LG polls in Karachi: holiday in six districts on December 5

LG polls in Karachi: holiday in six districts on December 5

The Labour & Human Resources Department on Thursday declared December 5 (Saturday) as closed holiday for all the workers in the Sindh province being polling day in six districts of province of Sindh ie Karachi West, Karachi East, Karachi South, Karachi Ce
Published 20 Nov, 2015 12:00am
LG elections: polling in 12 districts of Sindh held peacefully

LG elections: polling in 12 districts of Sindh held peacefully

Polling for local government elections in 14 districts of Sindh's Hyderabad, Mirpurkhas and Nawabshah divisions in the second phase held peacefully. A large number of registered voters exercised their right of franchise for formation of local governments
Published 20 Nov, 2015 12:00am
Haier Group CEO Zhang Ruimin honoured

Haier Group CEO Zhang Ruimin honoured

Zhang Ruimin, CEO and Chairman of the Board of Directors of Haier Group, was recently invited to attend the 'Thinkers50 Award' Gala in London. At the ceremony, he received the prestigious 'Ideas into Practice' award and at the same time, was selected into
Published 20 Nov, 2015 12:00am
Transfers, postings in FBR

Transfers, postings in FBR

Following appointment of new Chairman Federal Board of Revenue (FBR) and Members, the FBR has started transfers and postings in the field formations and six Chief Commissioners of Regional Tax Offices (RTOs) have been given new assignments with immediate
Published 20 Nov, 2015 12:00am
PIA increases number of flights to G-B

PIA increases number of flights to G-B

On the directions of Prime Minister Muhammad Nawaz Sharif and Special Assistant to PM, Captain Shujaat Azeem PIA has increased its flights to Gilgit Baltistan and is now offering 11 flights per week. As per details, PIA flights now include two daily fligh
Published 20 Nov, 2015 12:00am
IMsciences CEIF inaugurated

IMsciences CEIF inaugurated

Institute of Management Sciences (IMsciences) Peshawar, inaugurated its Centre for Excellence in Islamic Finance (CEIF) to promote Islamic finance education, research, and best industry practices nationally and internationally. Shamsul Qayyum, Managing Di
Published 20 Nov, 2015 12:00am
Major cities under serious threat of air pollution: Senate body told

Major cities under serious threat of air pollution: Senate body told

Pakistan's major urban cities are under serious threat of air pollution as level of particulate matter (PM) 2.5 in the air is higher as compared to permissible level, according to the available data. Senate Standing Committee on Climate Change was informe
Published 20 Nov, 2015 12:00am
Rabi crops: prevailing weather to have positive impact on cultivation

Rabi crops: prevailing weather to have positive impact on cultivation

The prevailing weather conditions in the country will have a positive impact on the cultivation of Rabi crops especially wheat, gram and lentil, said a senior official of Pakistan Metrological department. The official said recent westerly rain systems had
Published 20 Nov, 2015 12:00am
SECP issues draft of Public Offering and Disclosure Regulations

SECP issues draft of Public Offering and Disclosure Regulations

The Securities and Exchange Commission of Pakistan (SECP) has laid down detailed procedure for companies proposing to offer securities to the public and listed companies issuing securities through 'right issue'. The SECP has issued the draft of the Public
Published 20 Nov, 2015 12:00am
KP governor opens new campus of NCEG at UoP

KP governor opens new campus of NCEG at UoP

Khyber Pakhtunkhwa Governor Mehtab Ahmed Khan on Thursday inaugurated a new campus of the National Centre of Excellence in Geology (NCEG), University of Peshawar in a ceremony here at the varsity. The new campus has been (civil work) constructed at a cost
Published 20 Nov, 2015 12:00am
Suspect detained for 90 days

Suspect detained for 90 days

Pakistan Rangers Sindh on Tuesday produced a suspect before administrative judge of Anti-Terrorism Courts (ATC) and informed him about 90-day preventive detention of the suspect for interrogation. The personnel of Pakistan Rangers, Sindh, along with their
Published 20 Nov, 2015 12:00am
BYCO to be added to MSCI by November 30

BYCO to be added to MSCI by November 30

Byco Petroleum Pakistan Limited is among three new companies which will be added to Frontier Markets Small Cap Index (MSCI) by November 30. Imran Ghaznavi Manager External Communication while addressing a press conference here on Thursday said this has be
Published 20 Nov, 2015 12:00am
Saad's disqualification case: SC resumes hearing today

Saad's disqualification case: SC resumes hearing today

The Supreme Court on Thursday adjourned the hearing till November 20 (today) of an appeal filed by Federal Railway Minister Khawaja Saad Rafique against Election Tribunal (ET) decision which had disqualified him from the NA-125, Lahore. Pakistan Tehreek-e
Published 20 Nov, 2015 12:00am
Ayyan indicted for attempting to smuggle out $500,000
Currency

Ayyan indicted for attempting to smuggle out $500,000

A Customs court on Thursday indicted model Ayyan Ali for attempting to smuggle more than half a million dollars in cash out of the country. She has, however, not pleaded guilty in the case. Prosecution witnesses in the case have been summoned on December
Published 20 Nov, 2015 12:00am
Ban on YouTube: Supreme Court issues notices to all parties

Ban on YouTube: Supreme Court issues notices to all parties

The Supreme Court on Thursday issued notices to the parties in response to plea urging for unblocking video-sharing website "YouTube" in Pakistan. Pakistan had blocked You Tube in September 2012, over hosting of a blasphemous movie "Innocence of Muslims"
Published 20 Nov, 2015 12:00am
Reham slams 'negative' propaganda

Reham slams 'negative' propaganda

Reham Khan, the former wife of Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan, has criticised the negative propaganda and social media campaign over her separation with Imran saying that divorce is though social issue but divorcees are not criminals.
Published 20 Nov, 2015 12:00am
634 awarded degrees at MAJU Convocation

634 awarded degrees at MAJU Convocation

The 11th Convocation of Muhammad Ali Jinnah University (MAJU) Islamabad was held at Jinnah Convention Centre here on Thursday. Over 634 graduates including BBA, MBA, BS, MS and PhD in the fields of Management Sciences, Electronic Engineering, Mechanical E
Published 20 Nov, 2015 12:00am
Drug smuggling case: PIA removes three staffers

Drug smuggling case: PIA removes three staffers

During the joint investigation of PIA and Anti Narcotics Force (ANF) three low ranking staff members of PIA have been found guilty in attempted drug smuggling case on PK 211 on November 4, 2015. The three staffers including one daily wager have also given
Published 20 Nov, 2015 12:00am
Johnson Matthey and Royal Mail updates boost FTSE

Johnson Matthey and Royal Mail updates boost FTSE

Britain's top share index climbed to a one-week high on Thursday, tracking a rally in global equities, boosted by strong updates from companies like Johnson Matthey and Royal Mail and by a rally in miners. The bluechip FTSE 100 index ended 0.8 percent hig
Published 20 Nov, 2015 12:00am
French anthem to be played at Premier League games

French anthem to be played at Premier League games

The French national anthem will be played before all English top-flight games this weekend as a mark of solidarity over the Paris attacks, the Premier League announced on Thursday. It comes after fans joined together to sing 'La Marseillaise' prior to Eng
Published 20 Nov, 2015 12:00am
Corruption 'systemic' in football: FIFA reform boss

Corruption 'systemic' in football: FIFA reform boss

Corruption is "systemic" in football, the head of FIFA's audit watchdog said Thursday, calling for football's world body to be more transparent in its reform moves. "We have to accept that corruption is systemic in football. If we accept this, we can solv
Published 20 Nov, 2015 12:00am
Inter-departmental Sports Gala begins

Inter-departmental Sports Gala begins

Inter-Departmental Sports Gala 2015 kicked off at the National University of Modern Languages (NUML) on Thursday, in which 33 sports events including Athletics, Cricket, Table Tennis, football, volleyball, tug of war, body building, Badminton and basketba
Published 20 Nov, 2015 12:00am
Federer eliminates Nishikori

Federer eliminates Nishikori

Roger Federer knocked Japan's Kei Nishikori out of the ATP Tour Finals and guaranteed top spot in his group with a 7-5, 4-6, 6-4 victory on Thursday. Federer had already clinched a record 13th Tour Finals semi-final place after ending Novak Djokovic's thr
Published 20 Nov, 2015 12:00am
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