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Nov 02, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-12-01
Indian gold demand seen falling to 8-year low
Cotton

Indian gold demand seen falling to 8-year low

India's gold buying in the key December quarter is likely to fall to the lowest level in eight years, hurt by poor investment demand and back-to-back droughts that have slashed earnings for the country's millions of farmers. The sluggish demand could halv
Published 01 Dec, 2015 12:00am
China plans to cut local corn prices to shrink stockpiles

China plans to cut local corn prices to shrink stockpiles

Beijing plans to cut local corn prices for a second year as it pushes to reignite stalled demand from its crisis-hit grain processors and whittle down the world's biggest corn stockpile, industry sources said. In its latest move to boost a sector that has
Published 01 Dec, 2015 12:00am
Large area of Ukraine winter crops remains in poor state

Large area of Ukraine winter crops remains in poor state

A combination of warm temperatures and rain has slightly improved the condition of Ukrainian winter grain crops, but a significant portion of them remain in poor state, analyst UkrAgroConsult said on Monday. A severe drought in the summer and autumn in ha
Published 01 Dec, 2015 12:00am
CBOT wheat futures fall on strong dollar
Currency

CBOT wheat futures fall on strong dollar

Wheat futures on the Chicago Board of Trade fell Friday on strength in the dollar, which makes US commodities less competitive globally, and on expectations of deliveries next week against the spot December contract, traders said. The dollar hit an eight-
Published 01 Dec, 2015 12:00am
Mixed pattern on grain market
Cotton

Mixed pattern on grain market

Prices moved both ways on the wholesale grain market on Monday in the process of modest trading, dealer said. On the grams side, grams Australia No 1 lost Rs 100 to Rs 8900 amd grams 50x50 also shed the same amount to Rs 9250, they said. On the seeds side
Published 01 Dec, 2015 12:00am
Russian deserter detained after more than 10 years of hiding in forest

Russian deserter detained after more than 10 years of hiding in forest

Police have apprehended an army deserter who hid in a forest in eastern Russia for more than a decade and kept his whereabouts secret from even his family, regional authorities said Monday. The 30-year-old man, whose identity was not made public, was draf
Published 01 Dec, 2015 12:00am
Gunmen kill army major in Burundi bar attack

Gunmen kill army major in Burundi bar attack

Gunmen in Burundi shot dead an army major and wounded the husband of the senate's deputy speaker, police said Monday, the latest violence in near daily gun battles. Burundi descended into violence in April after President Pierre Nkurunziza launched his no
Published 01 Dec, 2015 12:00am
Armenian forces kill Azerbaijani soldier

Armenian forces kill Azerbaijani soldier

Azerbaijan on Monday accused Armenian forces of killing one of its soldiers in the latest clash between the arch-foes over the disputed territory of Nagorny Karabakh. "As a result of a shootout with Armenian forces, an Azerbaijani soldier died on the (Kar
Published 01 Dec, 2015 12:00am
HIV drug stocks not reaching African patients

HIV drug stocks not reaching African patients

Efforts to get lifesaving antiretrovial drugs to HIV-positive patients in many sub-Saharan African countries are routinely failing at "the last mile", an international medical group said Monday. Despite stocks being available, the drugs often do not reach
Published 01 Dec, 2015 12:00am
UN peacekeeper among 13 killed in Ugandan rebel attack

UN peacekeeper among 13 killed in Ugandan rebel attack

At least 13 people, including a UN peacekeeper, were killed in an overnight attack by Ugandan rebels in the restive east of the Democratic Republic of Congo, sources said Monday. "I saw four civilians killed by bullets... and seven patients and a nurse cu
Published 01 Dec, 2015 12:00am
Australia gets three bidders for huge submarine contract

Australia gets three bidders for huge submarine contract

Three international bidders are seeking a contract worth up to Aus$50 billion (US $36 billion) to build a next-generation submarine fleet for Australia, it was confirmed Monday. Submissions have been received from DCNS of France, Germany's TKMS and the Ja
Published 01 Dec, 2015 12:00am
Chinese paper chides Miss Canada over rights stance

Chinese paper chides Miss Canada over rights stance

Chinese media blasted this year's Miss Canada on Monday over her claim that Beijing froze her out of an international beauty pageant due to her outspoken views on human rights. Officials in Hong Kong last week stopped Anastasia Lin from boarding a plane b
Published 01 Dec, 2015 12:00am
Beloved Russian filmmaker Ryazanov dies

Beloved Russian filmmaker Ryazanov dies

Eldar Ryazanov, one of the most popular film directors of the Soviet era whose comedies captured the unique absurdities of life under Communism, died Monday aged 88, family and colleagues said. Arguably Russia's favourite director, millions know his iconi
Published 01 Dec, 2015 12:00am
China jails 14 over 2013 pipeline blast

China jails 14 over 2013 pipeline blast

China sentenced 14 people, including local officials and employees at a state company, to prison Monday for their role in a 2013 pipeline blast that killed 63 and injured another 156, state media reported. The pipeline, owned by a subsidiary of China's la
Published 01 Dec, 2015 12:00am
Court declares Northern Ireland abortion law against human rights

Court declares Northern Ireland abortion law against human rights

Northern Ireland's restrictive abortion legislation is in breach of human rights law, the Belfast High Court found on Monday in a judgement hailed as "historic". The case was taken by the Northern Ireland Human Rights Commission in a bid to allow women an
Published 01 Dec, 2015 12:00am
Songs of praise: Turkmenistan president's hymn sets new record

Songs of praise: Turkmenistan president's hymn sets new record

A choir of 4,166 people in isolated ex-Soviet Turkmenistan has broken a world record by singing a hymn penned by the nation's strongman president, in the latest choreographed show of support. The rendition of 'Forward, only forward, my dear country Turkme
Published 01 Dec, 2015 12:00am
Khaleda Zia gets bail in graft case

Khaleda Zia gets bail in graft case

Former Bangladesh prime minister Khaleda Zia was granted bail on Monday after appearing in court over a nearly two-billion-dollar graft case dating back to 2007 and involving a Canadian resources company. The 70-year-old main opposition leader was ordered
Published 01 Dec, 2015 12:00am
Former Malaysia envoy guilty of New Zealand indecent assault

Former Malaysia envoy guilty of New Zealand indecent assault

A former Malaysian diplomat pleaded guilty Monday to the indecent assault of a New Zealand woman, with a court hearing he burst into her bedroom naked from the waist down. Mohammed Rizalman bin Ismail was a military attache at Malaysia's Wellington embass
Published 01 Dec, 2015 12:00am
University of Chicago cancels classes over gun violence threat

University of Chicago cancels classes over gun violence threat

The University of Chicago issued a statement cancelling Monday classes at its Hyde Park campus following anonymous online threats of gun violence. FBI counterterrorism authorities informed university officials on Sunday "that an unknown individual posted
Published 01 Dec, 2015 12:00am
MSCI, economy worries sink Qatar bourse; Egypt down on FX fears
Currency

MSCI, economy worries sink Qatar bourse; Egypt down on FX fears

Qatar's stock market fell sharply on Monday as funds flowed out because of changes to MSCI's emerging market index and concern about the impact of low energy prices on the economy. Other Gulf markets fared much better, but Egypt's sank on currency fears.
Published 01 Dec, 2015 12:00am
Tokyo stocks down
Currency

Tokyo stocks down

Tokyo stocks retreated on Monday as some major automakers and bank shares fell, with investors eyeing key US jobs figures and a European Central Bank policy meeting later in the week. Shortly before the open, official data showed Japan's factory output ex
Published 01 Dec, 2015 12:00am
Indian stocks flat

Indian stocks flat

Indian shares closed little changed on Monday, ending the month with losses, as caution prevailed ahead of GDP data due later in the day and the central bank's monetary policy meet on Tuesday. The broader NSE index ended 0.09 percent lower, posting a decl
Published 01 Dec, 2015 12:00am
Sri Lankan shares fall to over 7-1/2 months low

Sri Lankan shares fall to over 7-1/2 months low

Sri Lankan shares fell to a more than seven-and-a-half-month closing low on Monday, led by bluechips such as John Keells Holdings Plc and Commercial Bank of Ceylon Plc on worries earnings of financial firms would fall after the new budget proposals announ
Published 01 Dec, 2015 12:00am
Southeast Asian markets: Indonesia leads regional losses

Southeast Asian markets: Indonesia leads regional losses

Southeast Asian stock markets fell on Monday as a selloff in Chinese shares dented Asian stocks, with the Indonesian index marking its worst drop in a month while Thai shares shed early gains amid mixed economic data for October. Jakarta's composite index
Published 01 Dec, 2015 12:00am
Hong Kong shares dip
Currency

Hong Kong shares dip

Hong Kong stocks dipped on Monday, with investor sentiment soothed after mainland markets ended a volatile session in positive territory. The Hang Seng index fell 0.3 percent, to 21,996.42, while the China Enterprises Index lost 0.7 percent, to 9,790.64 p
Published 01 Dec, 2015 12:00am
China stocks flat after volatile session

China stocks flat after volatile session

China stocks ended flat after a highly volatile session, with major indexes swinging wildly in and out of negative territory following Friday's more than 5 percent slump. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.3 p
Published 01 Dec, 2015 12:00am
European shares gain as prospect of ECB boost helps carmakers

European shares gain as prospect of ECB boost helps carmakers

European shares rose on Monday, boosted by expectations of more help from the European Central Bank, which weakened the euro and helped carmakers. The ECB is expected to cut interest rates on euro deposits and extend its quantitative easing programme when
Published 01 Dec, 2015 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan shares fell on Monday as Chinese markets extended their losing streak after sliding more than 5 percent in the previous session. As of 0306 GMT, the main TAIEX index fell 1.6 percent to 8,264.55, after closing at 8,398.4 in the previous session. Th
Published 01 Dec, 2015 12:00am
Australian shares turn lower

Australian shares turn lower

Australian shares fell 0.7 percent on Monday on a broad based sell-off sparked by lower commodities prices and renewed concerns about China's equity markets. The S&P/ASX 200 index lost 36.1 points to 5,166.5 at the close of trade. The benchmark fell 0.2 p
Published 01 Dec, 2015 12:00am
FTSE lags eurozone, ends November lower

FTSE lags eurozone, ends November lower

Britain's top share index underperformed eurozone indexes on Monday, missing out on the benefit from a weak euro and hindered by falls in mining company BHP Billiton and Aberdeen Asset Management. The FTSE 100 index was down 19.06 points, or down 0.3 perc
Published 01 Dec, 2015 12:00am
China offshore yuan up on suspected central bank intervention
Currency

China offshore yuan up on suspected central bank intervention

The yuan jumped in late offshore trade on Monday on suspected intervention by Chinese state banks on behalf of the central bank but the onshore spot yuan closed weaker. Traders said the onshore spot yuan weakened because the People's Bank of China set the
Published 01 Dec, 2015 12:00am
Dollar stands tall, euro pressured in Asia
Currency

Dollar stands tall, euro pressured in Asia

The dollar edged up to a fresh 8-1/2-month high against a basket of global currencies on Monday, while the prospect of further stimulus this week by the European Central Bank kept the euro on the defensive. The dollar index added about 0.1 percent to 100.
Published 01 Dec, 2015 12:00am
Early trade in New York: Dollar rises against majors

Early trade in New York: Dollar rises against majors

The dollar gained marginally against major currencies on Monday as expectations for further stimulus this week from the European Central Bank drove the euro to its lowest since April. Trading was subdued, with the dollar moving in tight ranges against mos
Published 01 Dec, 2015 12:00am
ECB expectations put pressure on euro in Europe
Currency

ECB expectations put pressure on euro in Europe

The dollar rose to an 8 1/2-month high against a basket of currencies on Monday as the prospect of further stimulus from the European Central Bank this week drove the euro to its lowest since April. Before the expected announcement of its joining the IMF'
Published 01 Dec, 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. 78.94-78.95 (previous 78.93-78.93). 02.50-04.50 percent (* Previous 02.25-04.50 percent). (* revised).
Published 01 Dec, 2015 12:00am
Most emerging Asian currencies down; yuan to see worst month
Currency

Most emerging Asian currencies down; yuan to see worst month

China's yuan was set on Monday to suffer its largest monthly loss since August, when it was devalued by the central bank, as markets wait to hear whether the International Monetary Fund will the currency in its global reserve basket. Most emerging Asian c
Published 01 Dec, 2015 12:00am
Aussie, kiwi ease

Aussie, kiwi ease

The Australian and New Zealand dollars struggled to find friends on Monday as investors took profits ahead of a week packed with events and data. The Australian dollar fell to $0.7173, from $0.7196 late on Friday and a one-month peak of $0.7283 touched la
Published 01 Dec, 2015 12:00am
Sterling dips below $1.50 for first time since April
Currency

Sterling dips below $1.50 for first time since April

Sterling dipped below $1.50 for the first time since April on Monday after a policymaker warned about the impact of a strong pound on inflation, but rebounded slightly as the dollar slipped on soft US data. The newest member of the Bank of England's monet
Published 01 Dec, 2015 12:00am
Sri Lankan rupee weakens
Currency

Sri Lankan rupee weakens

The Sri Lankan rupee ended weaker on Monday in light trade, hovering near a record low hit in the previous session, as importer dollar demand surpassed inward remittances, dealers said. Exporters were reluctant to sell dollars on expectation of a further
Published 01 Dec, 2015 12:00am
Iraqi PM says country has sufficient forces to fight IS

Iraqi PM says country has sufficient forces to fight IS

Prime Minister Haider al-Abadi said Monday that Iraq has sufficient forces to fight the Islamic State group, after American senators called for more US troops to be deployed to the country. "The Iraqi government welcomes an increase in support in weapons
Published 01 Dec, 2015 12:00am
Three Saudi soldiers killed in clash on Yemen border

Three Saudi soldiers killed in clash on Yemen border

Three Saudi soldiers have been killed in a clash with armed "hostile elements" who attempted to infiltrate the border from Yemen, the interior ministry said on Monday. The clash erupted on Sunday evening hours after a Saudi border guard and two Yemeni civ
Published 01 Dec, 2015 12:00am
BBC reports BAT tobacco giant paid bribes in east Africa

BBC reports BAT tobacco giant paid bribes in east Africa

British American Tobacco paid bribes to officials in east Africa, including two members of a convention created under the World Health Organisation (WHO) to combat smoking, according to a BBC investigation airing on Monday. The claims were immediately den
Published 01 Dec, 2015 12:00am
Deadly Kurd-Islamist clashes in northern Syria

Deadly Kurd-Islamist clashes in northern Syria

Islamists and a US-backed alliance of Kurds and Arabs have fought deadly clashes in Syria, a monitor said Monday, as the almost five-year-old conflict draws in more local and international players. At least 23 fighters were killed in the fighting between
Published 01 Dec, 2015 12:00am
Syria denies using chemical weapons in civil war

Syria denies using chemical weapons in civil war

Syria on Monday denied ever using chemical weapons in its four-year-old civil war, telling a global watchdog it was co-operating fully with the destruction of its toxic stockpile. Damascus's rebuttal comes amid growing accusations it is not being transpar
Published 01 Dec, 2015 12:00am
Boko Haram jihadists torch 50 homes, kill four in Niger

Boko Haram jihadists torch 50 homes, kill four in Niger

Boko Haram activists raided a border village in Niger, killing four people and torching some 50 homes, a local official said on Monday. Two other people were wounded in the assault on Saturday evening, said Fougou Boukar, an official from the restive Diff
Published 01 Dec, 2015 12:00am
One killed, 40 students injured at Kenyan university

One killed, 40 students injured at Kenyan university

One member of staff was killed and around 40 students were injured Monday after a security drill at a Nairobi university was mistaken for a real attack, sparking scenes of panic, the university said. A 33-year-old female employee "has died from severe hea
Published 01 Dec, 2015 12:00am
EU vows to continue working for peace despite row with Israel

EU vows to continue working for peace despite row with Israel

The European Union vowed Monday to work for Middle East peace even though Israel suspended it from the diplomatic process over the bloc's decision to label goods imported from Jewish settlements. "When it comes to the Middle East peace process, the EU con
Published 01 Dec, 2015 12:00am
Japanese manga artist Mizuki dies

Japanese manga artist Mizuki dies

Award-winning Japanese cartoonist Shigeru Mizuki, known for his comics of ghosts and monsters inspired by folklore and for his accounts of World War II horrors, died Monday at 93, his office said. Mizuki, whose real name was Shigeru Mura, was hospitalised
Published 01 Dec, 2015 12:00am
Sixteen killed in Guatemala prison fight

Sixteen killed in Guatemala prison fight

Sixteen people have been killed in fighting between rival gangs in a maximum security prison in Guatemala, a top official said Monday as security forces tried to regain control of the facility. Army troops and police surrounded the Granja Penal Canada pri
Published 01 Dec, 2015 12:00am
China, Taiwan in first-ever spy swap as ties improve

China, Taiwan in first-ever spy swap as ties improve

Taiwan said Monday it has for the first time exchanged jailed spies with China, in another sign of closer relations between the two sides which recently held a historic summit. The swap took place last month ahead of Taiwan President Ma Ying-jeou's Novemb
Published 01 Dec, 2015 12:00am
Nepal shortages put millions of children at risk: UNICEF

Nepal shortages put millions of children at risk: UNICEF

Severe shortages of food and vaccines due to border protests have left millions of children in quake-hit Nepal at risk of disease or death this winter, UNICEF said Monday. The landlocked Himalayan nation has been struggling to cope with a sharp drop in vi
Published 01 Dec, 2015 12:00am
Pope says Christians, Muslims are 'brothers'

Pope says Christians, Muslims are 'brothers'

Pope Francis on Monday said Christians and Muslims were "brothers" and urged them to reject hatred and violence as he visited a mosque in the Central African Republic's capital which has been ravaged by sectarian conflict. On the last leg of a three-natio
Published 01 Dec, 2015 12:00am
US has not lost Thailand to China: ambassador

US has not lost Thailand to China: ambassador

The United States has not lost Thailand to China, Washington's envoy to Bangkok said Monday, despite acrimony between the two allies and a palpable shift by the kingdom's junta towards its giant northern neighbour. "I don't spend a lot of time, I don't sp
Published 01 Dec, 2015 12:00am
US to tighten rules for visa-free visits: White House

US to tighten rules for visa-free visits: White House

After recent extremist attacks, the United States is to tighten security procedures for its visa waiver program for visitors from friendly countries, the White House said Monday. Among other measures, travellers who are eligible to come to the United Stat
Published 01 Dec, 2015 12:00am
Shanghai copper, nickel down

Shanghai copper, nickel down

Shanghai Futures Exchange copper cut more than 2 percent losses to close down 1 percent at 34,850 yuan ($5,448) a tonne on Monday. ShFE nickel ShFE zinc and aluminium all ended down 2 percent each. Nine large copper producers in China agreed an initial pl
Published 01 Dec, 2015 12:00am
Copper slightly up on China output cuts

Copper slightly up on China output cuts

Copper got only a modest boost on Monday from Chinese producers' plan to cut output as gains were capped by a strong dollar and concern over the economy of top metals consumer China. Nine large copper producers in China agreed at the weekend an initial pl
Published 01 Dec, 2015 12:00am
Ivory Coast aims to process half its cocoa, publish more data

Ivory Coast aims to process half its cocoa, publish more data

Top cocoa producer Ivory Coast is aiming to process 50 percent of its cocoa crop inside the country within the next decade, up from about 30 percent now, Guillaume Soro, President of the National Assembly of the Ivory Coast said on Tuesday. "In the next f
Published 01 Dec, 2015 12:00am
Rubber lower

Rubber lower

Benchmark Tokyo rubber futures inched lower in light trade on Monday, dragged down by weaker Shanghai futures, which fell below 10,000 yuan level, but managed to eke out its first monthly gain in six months after touching a more-than-six-year low earlier
Published 01 Dec, 2015 12:00am
ICE cocoa rises on lower Ivorian arrivals, sugar steady

ICE cocoa rises on lower Ivorian arrivals, sugar steady

ICE cocoa futures rose on Monday, supported by data showing lower weekly bean arrivals at West African ports, while sugar steadied, underpinned by wet weather slowing down cane harvesting in Brazil. Arabica coffee futures fell sharply on technically drive
Published 01 Dec, 2015 12:00am
Daily gold transfers rise in October, silver transfers fall: LBMA

Daily gold transfers rise in October, silver transfers fall: LBMA

Gold ounces transferred between accounts held by bullion clearers rose 2 percent to a daily average of 15.9 million ounces in October from a month earlier, the London Bullion Market Association (LBMA) said on Monday. The clearing statistics measure how mu
Published 01 Dec, 2015 12:00am
Gold extends losses in Asia

Gold extends losses in Asia

Gold extended losses on Monday, dropping towards its lowest level in nearly six years, and was poised to record its steepest monthly slide in 2-1/2 years on prospects of a US interest rate hike this year. The precious metal has fallen out of favour as inv
Published 01 Dec, 2015 12:00am
Gold steadies in Europe
Currency

Gold steadies in Europe

Gold steadied on Monday but remained close to its lowest level in nearly six years as the dollar hit a multi-month high and was on track for its steepest monthly slide in 2-1/2 years on prospects of a US interest rate rise this year. Spot gold was up 0.4
Published 01 Dec, 2015 12:00am
Mexico suspends sugar mill auction

Mexico suspends sugar mill auction

Mexico on Tuesday suspended the sale of five state-held sugar mills after a judge signed an injunction brought by the former owners to suspend the auction. The court's decision does not cancel the sale of the mills, which together produce around 10 percen
Published 01 Dec, 2015 12:00am
Four suspects of banned outfit arrested

Four suspects of banned outfit arrested

The security forces arrested four terrorist suspects of a banned outfit during search operation here on Monday. Official sources said that the security personnel conducted operation against the outlaws in Sanjavi locality of district Ziarat of Balochistan
Published 01 Dec, 2015 12:00am
Century Paper & Board Mills Limited (CPBM)

Century Paper & Board Mills Limited (CPBM)

Century Paper & Board Mills Limited (CPBM) was established in 1984, and it was listed on the Karachi Stock Exchange in 1990 as a flagship company of the Lakson Group. The Company is a producer of packaging paperboard and is the market leader in Pakistan.
Published 01 Dec, 2015 12:00am
Century Paper & Board Mills Limited (CPBM)

Century Paper & Board Mills Limited (CPBM)

Century Paper & Board Mills Limited (CPBM) was established in 1984, and it was listed on the Karachi Stock Exchange in 1990 as a flagship company of the Lakson Group. The Company is a producer of packaging paperboard and is the market leader in Pakistan.
Published 01 Dec, 2015 12:00am
President KTAC urges government to bring more buses in city

President KTAC urges government to bring more buses in city

President, Karachi Transport Action Committee, Muhammad Ashraf Banglori has suggested the government to bring more buses on roads as the public transport system in city has been deteriorated and population of metropolis was facing difficulties in travelli
Published 01 Dec, 2015 12:00am
Bachelors degree program: SU issues 1st merit list

Bachelors degree program: SU issues 1st merit list

The Director Admissions, University of Sindh, has announced that the 1st merit list for admissions to Bachelor's Degree Program 2016 (after expiry of the dates of objection(s)) under the categories of Quota Oriented, General Disciplines(Jurisdiction + Upp
Published 01 Dec, 2015 12:00am
Democratic rule can help eliminate corruption: Chandio

Democratic rule can help eliminate corruption: Chandio

Advisor to Chief Minster Sindh on Information, Moula Bux Chandio has said that the corruption could be eliminated if the process of elections was allowed to continue. He said this while speaking at a reception held in his honour by Hyderabad Press Club (H
Published 01 Dec, 2015 12:00am
Swisstex, CHT BEZEMA enter into formal business alliance

Swisstex, CHT BEZEMA enter into formal business alliance

Swisstex Chemicals (Pvt) Limited has formally announced its business association with M/s. CHT BEZEMA - a globally known entity for its ecological and sustainable product range. Through this arrangement, Swisstex will represent CHT BEZEMA as its exclusive
Published 01 Dec, 2015 12:00am
AGP vows to raise audit system to international level

AGP vows to raise audit system to international level

Auditor General of Pakistan Rana Asad Ameen has called upon career officials of accounts and audit profession to undertake all out efforts to improve standard of accountancy and audit in the country and bring it to international standard.
Published 01 Dec, 2015 12:00am
PPP struggles to protect, preserve its Lyari stronghold

PPP struggles to protect, preserve its Lyari stronghold

Pakistan People's Party (PPP) is struggling to retain its hold over one of its political bastion in the city, Lyari, as its many of die-hard supporters have alienated it for what they said 'sowing' unrest in the city's oldest area. Two key communities - B
Published 01 Dec, 2015 12:00am
Australian HC highlights significance of private sector

Australian HC highlights significance of private sector

High Commissioner of Australia Ms Margaret Adamson has said Australia was keen to engage the private sectors of Pakistan and Australia as it was the private sector that drives the economy and creates jobs. "We want to work closely with the private sector
Published 01 Dec, 2015 12:00am
PBIF stresses need for resolving Pak-Afghan issues amicably

PBIF stresses need for resolving Pak-Afghan issues amicably

Pakistan Businessmen & Intellectuals Forum's (PBIF) president Mian Zahid Hussain has suggested that Pakistan and Afghanistan should help resolve their issues pertaining to insurance mechanism, banking channels, payments and documentation, amicably. In a s
Published 01 Dec, 2015 12:00am
Bilawal vows to resist privatisation of PIA, PSM

Bilawal vows to resist privatisation of PIA, PSM

Brushing aside the impression that the Pakistan People's Party has deviated from its ideology, Bilawal Bhutto Zardari said here on Monday that even dictators have not succeeded in doing so during the last four decades. Addressing a rally in Malir in conne
Published 01 Dec, 2015 12:00am
SEASPAK 2015 concludes

SEASPAK 2015 concludes

A concluding session of the recently conducted Pakistan Navy's major maritime exercise SEASPARK 2015 was held at Karachi this morning. Chief of the Naval Staff, Admiral Muhammad Zakaullah was the Chief Guest on the occasion. The exercise conducted in Nort
Published 01 Dec, 2015 12:00am
KP Governor pays tributes to APS pupils

KP Governor pays tributes to APS pupils

Paying tributes to the martyrs of the Army Public School Peshawar, the Governor Khyber Pakhtunkhwa Sardar Mahtab Ahmad Khan has said the sacrifices rendered by the innocent students and teachers will be written in golden words adding that the tragedy of A
Published 01 Dec, 2015 12:00am
Hamza predicts victory in 2018 general elections

Hamza predicts victory in 2018 general elections

A senior governing party leader has predicted his party's victory in the 2018 general elections and claimed that energy projects will get completed by 2017. Hamza Shahbaz, who is also the Public Affairs Unit Chairman and a member of the National Assembly
Published 01 Dec, 2015 12:00am
FO rejects Bangladesh government's assertion

FO rejects Bangladesh government's assertion

Pakistan on Monday rejected the Bangladeshi government's assertion as baseless and unfounded of its "complicity in committing crimes or war atrocities". "The Acting High Commissioner of Bangladesh was summoned to the Ministry of Foreign Affairs by Directo
Published 01 Dec, 2015 12:00am
Government accused of slowing down implementation of NAP

Government accused of slowing down implementation of NAP

The government has reportedly slowed the implementation of its portion of the National Action Plan (NAP) which is a major source of concern for opposition political parties as well as military leadership, informed sources revealed to Business Recorder<
Published 01 Dec, 2015 12:00am
FPCCI urges SMEs to avail SBP's finance scheme

FPCCI urges SMEs to avail SBP's finance scheme

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged small and medium enterprises (SME) to avail of the export finance scheme (EFS) of the State Bank of Pakistan (SBP) to fulfil their financing needs and ultimately contribute to
Published 01 Dec, 2015 12:00am
Treatment of thalassemia Punjab to set up centre of excellence

Treatment of thalassemia Punjab to set up centre of excellence

Advisor on Health Kh Salman Rafique has said a centre of excellence will be set up for treatment, diagnosis and eradication of thalassemia in the province, for which, technical assistance of experts of International Thalassemia Federation will be sought.
Published 01 Dec, 2015 12:00am
Dar reviews progress on ITTMS project

Dar reviews progress on ITTMS project

Federal Minister for Finance, Revenues and Statistics, Senator Ishaq Dar chaired the sixth meeting of the Steering Committee on Integrated Transit Trade Management System (ITTMS) held Monday. Chairman, Federal Board of Revenue (FBR) informed the committee
Published 01 Dec, 2015 12:00am
SNGPL suspends supply to general industries

SNGPL suspends supply to general industries

The Sui-Northern Gas Pipelines Limited (SNGPL) management has suspended gas supply to general industrial units and reduced the gas to textile units from eight hours a day to 4 hours a day owing to serious gas shortage which has reached 1.1 Billion Cubic f
Published 01 Dec, 2015 12:00am
TDCP's plea

TDCP's plea

The Tourism Development Corporation of Punjab (TDCP) has appealed to Lahore's public and tourists to get their seats booked in advance for its newly introduced double-decker bus service, titled "Sightseeing Lahore". A corporation spokesman said on Monday
Published 01 Dec, 2015 12:00am
Districts under poverty line in Sindh have not yet been identified

Districts under poverty line in Sindh have not yet been identified

Inability of Sindh Government to identify districts with highest number of people living around poverty line has delayed its inclusion in the Prime Minister's Health Insurance Scheme being launched in December this year. Officials associated with National
Published 01 Dec, 2015 12:00am
KP PA adopts unanimous bill to set up BOIT

KP PA adopts unanimous bill to set up BOIT

The provincial assembly of Khyber Pakhtunkhwa on Monday unanimously passed a bill to formally establish a Board of Investment and Trade (BOIT) in the province. The purpose of the bill is to establish a formal body to promote, encourage, assist and facilit
Published 01 Dec, 2015 12:00am
Dar may address FBR Lahore officers

Dar may address FBR Lahore officers

Federal Finance Minister Ishaq Dar is expected to address Federal Board of Revenue officers being posted at the Regional Tax Office in Lahore on December 2. It is understood that the minister will be accompanied by the premier's Advisor, Haroon Akhtar, an
Published 01 Dec, 2015 12:00am
Construction of Pediatric Cardiac Surgery Unit at NICVD delayed

Construction of Pediatric Cardiac Surgery Unit at NICVD delayed

The construction work on Pediatric Cardiac Surgery Unit in National Institute of Cardiovascular Diseases (NICVD) has been delayed as incumbent administration of the institution has failed to send revise PC-1 of the project to Sindh health department, PPI
Published 01 Dec, 2015 12:00am
SHC dismisses petition seeking transfer of polling station

SHC dismisses petition seeking transfer of polling station

The Sindh High Court (SHC) on Monday rejected the petition seeking transfer of polling station for upcoming local government elections from a private school. SHC bench headed by Justice Irfan Saadat was hearing the petition filed by Najma Mushir, the prin
Published 01 Dec, 2015 12:00am
Shahbaz meets London Metropolitan police commissioner

Shahbaz meets London Metropolitan police commissioner

Punjab Chief Minister Shahbaz Sharif met Metropolitan Police Commissioner Sir Bernard Hogan-Howe in London and discussed matters regarding elimination of terrorism and heinous crime besides city policing, an official spokesman said here on Monday. Shahbaz
Published 01 Dec, 2015 12:00am
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