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Print - 2015-12-03
Geo-economics and national security

Geo-economics and national security

This is apropos 'Geo-economics and national security' carried by Business Recorder yesterday. I agree with M. Ziauddin, the writer, that Afghanistan should have its share from the booty out of Tapi pipelines. However, giving it to the government of
Published 03 Dec, 2015 12:00am
Child labour: survey to be completed by May 2017 in Punjab

Child labour: survey to be completed by May 2017 in Punjab

The United Nations Children's Fund has won praises from Provincial Minister for Labour and Human Resources Raja Ashfaq Sarwar and his department over a 50-million-rupee assistance to tackle child labour. The assistance is being done through the UN organis
Published 03 Dec, 2015 12:00am
Resolution submitted

Resolution submitted

Mahmoodur Rashid, opposition leader in Punjab Assembly has submitted a resolution in Punjab Assembly criticising imposition of regulatory duty on certain items in the country. He termed this imposition a mini budget that created financial burdens on the m
Published 03 Dec, 2015 12:00am
PTI Lawyers Wing Punjab President joins PML-Q

PTI Lawyers Wing Punjab President joins PML-Q

Pakistan Tehreek-e-Insaf (PTI) Lawyers Wing Punjab President Syed Shadab Jaffary and local leader Omar Zia Khan called on PML-Q leader Chaudhry Parvez Elahi here on Wednesday and announced to join PML-Q along with their colleagues. Welcoming them, Elahi s
Published 03 Dec, 2015 12:00am
FPCCI, Chinese delegation sign six agreements

FPCCI, Chinese delegation sign six agreements

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Mian Muhammad Adress has invited the Chinese investors to exploit the untapped opportunities in Pakistan. He was speaking to a 27-member Chinese delegation led by Gao Yang, Chi
Published 03 Dec, 2015 12:00am
Wheat farmers advised

Wheat farmers advised

Wheat farmers are told to lower the input cost of their crops by using phosphoric fertilisers after a proper land analysis. A Punjab Agriculture Department spokesman did make it clear on Wednesday that if these farmers failed to use the fertilise during s
Published 03 Dec, 2015 12:00am
Shahbaz optimistic about future

Shahbaz optimistic about future

Punjab Chief Minister Shahbaz Sharif has said that Pakistan, under the leadership of Prime Minister Nawaz Sharif, has come out of economic crisis and the coming days will bring good news for the people of Pakistan. Addressing an international forum arrang
Published 03 Dec, 2015 12:00am
LHC stays UC 34 election result

LHC stays UC 34 election result

The Lahore High Court (LHC) has stayed the poll result of the Union Council 34 in Lalyani town in Sargodha following a petition concerning women being stopped from casting their votes and served the Election Commission of Pakistan with a notice. On Tuesda
Published 03 Dec, 2015 12:00am
Textile woes: MCCI sends 'SOS' to government
Cotton

Textile woes: MCCI sends 'SOS' to government

Multan Chamber of Commerce & Industry has sent a SOS call to the government for saving the local textile industry from destruction and joblessness of millions of workers. President of MCCI Fareed Mughis Sheikh has said that the surge in import of man-made
Published 03 Dec, 2015 12:00am
Wattoo demands Rs 1500 per 40 kg wheat support price

Wattoo demands Rs 1500 per 40 kg wheat support price

President PPP Punjab Manzoor Ahmed Wattoo has demanded of fixing the support price of wheat at Rs 1500 per 40 kilogram this year. "Import of maze should be banned as this commodity is already surplus in the country," he added. He said that the support pri
Published 03 Dec, 2015 12:00am
Mini-budget: IPR 'fact-sheet' raises the alarm

Mini-budget: IPR 'fact-sheet' raises the alarm

A fact-sheet, released by the Institute of Policy Reforms (IPR) on Wednesday, said the objective of announcing the mini-budget by the Pakistan Muslim League-Nawaz apparently was to cover a revenue shortfall of Rs 40 billion in the Federal Board of Revenue
Published 03 Dec, 2015 12:00am
US MIDDAY: gold falls to 2010 low

US MIDDAY: gold falls to 2010 low

Gold fell to its lowest in nearly six years on Wednesday, extending losses as Federal Reserve Chair Janet Yellen said she was "looking forward" to an interest rate hike that will mark the US economy's recovery from recession.
Published 03 Dec, 2015 12:00am
The Weather

The Weather

The weather report on Wednesday (December 02, 2015) and the forecast for Thursday (December 02, 2015).

Published 03 Dec, 2015 12:00am
Iran did work 'relevant' to nuclear bomb pre-2003: UN

Iran did work 'relevant' to nuclear bomb pre-2003: UN

Iran conducted activities "relevant" to developing nuclear weapons at least until the end of 2003, the UN atomic watchdog said Thursday in a major report on Tehran's past activities. "The agency assesses that a range of activities relevant to the developm
Published 03 Dec, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (December 02, 2015).

Published 03 Dec, 2015 12:00am
Asia-Pacific: response to climate change

Asia-Pacific: response to climate change

Global leaders are gathered in Paris for the COP21 climate summit. Given Asia-Pacific's size and its contribution to global greenhouse gas emissions, its voice and commitment are critical to achieving a comprehensive agreement on climate change. Many Asia
Published 03 Dec, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 03 Dec, 2015 12:00am
Interpretation of exemption notifications

Interpretation of exemption notifications

It is a basic rule of interpretation, colloquially termed as the 'literal rule', that words of a provision must be given ordinary or natural meaning unless a statute explicitly defines some of its terms otherwise. However in some cases, courts depart from
Published 03 Dec, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 03 Dec, 2015 12:00am
VIEW POINT: Whither the rule of law?

VIEW POINT: Whither the rule of law?

Last week, Ehtesab bench of the Islamabad High Court exonerated former president and PPP co-Chairman Asif Ali Zardari in the infamous SGS and Cotecna corruption references, drawing sarcastic remarks from the family and others against the PML-N leadership
Published 03 Dec, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (December 02, 2015).

Published 03 Dec, 2015 12:00am
Encouraging portends for peace

Encouraging portends for peace

If the world is at "breaking point" in the fight against global warming, one would like to unreservedly share French President Francois Hollande's optimism in his address to the opening session of the climate summit. Whether the Sharif-Modi meeting, also
Published 03 Dec, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (December 02, 2015)

Published 03 Dec, 2015 12:00am
'The money that prays'

'The money that prays'

The government appears to be very supportive of Islamic banking and, the State Bank of Pakistan (SBP) is keen for implementation of Supreme Court's decision of 2002 declaring bank interest as haram. Speaking at the launch of 'Centre of Excellence in Islam
Published 03 Dec, 2015 12:00am
Sharjeel Memon ousted from cabinet

Sharjeel Memon ousted from cabinet

Sindh minister and prominent PPP leader Sharjeel Inam Memon has been dismissed from the post of Minister for Works, Services and Archives on Wednesday. A notification in this regard has been issued. The notification, dated December 2 reads: "In exercise o
Published 03 Dec, 2015 12:00am
US Midwest soyabean bids weaker

US Midwest soyabean bids weaker

Spot basis bids for soyabeans fell at processors and elevators around the US Midwest on Tuesday as country movement picked up amid a rally in the futures market. Soyabean futures have rallied to their highest since late October, pulling cash prices higher
Published 03 Dec, 2015 12:00am
Cotton market: prices continue to fall on modest trading
Cotton

Cotton market: prices continue to fall on modest trading

Prices continued to fall on the cotton market on Wednesday due to lack of buying interest by mills and spinners, dealers said. The official spot rate shed more Rs 50 to Rs 5,250, dealers said. In Sindh, seed cotton prices were at Rs 2200 and Rs 2800 and i
Published 03 Dec, 2015 12:00am
Karachi Port's activities

Karachi Port's activities

The Karachi Port handled 148,727 tonnes of cargo comprising 130,294 tonnes of import cargo and 18,433 tonnes of export cargo including 4,958 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
Published 03 Dec, 2015 12:00am
Russian grain prices fall in Azov Sea on concerns over Turkey deals

Russian grain prices fall in Azov Sea on concerns over Turkey deals

Russian grain prices fell in the Azov Sea last week on concerns that exports to Turkey could be damaged amid political tensions between Moscow and Ankara, analysts said on Monday. Relations between Russia, one of the world's largest wheat exporters, and T
Published 03 Dec, 2015 12:00am
US natural gas futures little changed despite warmer forecasts

US natural gas futures little changed despite warmer forecasts

US natural gas futures ended little changed on Tuesday despite forecasts for weaker production and continued warmer-than-normal weather through the middle of December that will keep heating demand lower-than-usual. Front-month gas futures on the New York
Published 03 Dec, 2015 12:00am
US FOB Gulf soya premiums ease on moderate demand

US FOB Gulf soya premiums ease on moderate demand

Export premiums for soyabeans shipped from the US Gulf Coast eased on Tuesday on moderate demand and as CIF basis values declined with an increase in farmer sales, traders said. China importers have booked very few soya cargoes for shipment from Gulf Coas
Published 03 Dec, 2015 12:00am
EU wheat futures fall on lower prices in US, Russia

EU wheat futures fall on lower prices in US, Russia

European Union wheat futures were lower on Tuesday, weighed down by weaker prices in export rivals Russia and the United States as the international market remained highly competitive. Chicago wheat slipped to a three-month low, pressured by strong delive
Published 03 Dec, 2015 12:00am
CBOT wheat futures fall on weak demand

CBOT wheat futures fall on weak demand

Wheat futures on the Chicago Board of Trade fell on Tuesday, with the two front months posting contract lows on weak export demand and improving US crop conditions, traders said. Most-active CBOT March wheat fell for a fifth straight session, settling dow
Published 03 Dec, 2015 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Tuesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 3,515 million as compared to PKR 3.08 billion reported on Monday. The number of lots traded was 16.30 million and PMEX Commodity Index closed at 2,568. Major business was contributed
Published 03 Dec, 2015 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 03 Dec, 2015 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 03 Dec, 2015 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 03 Dec, 2015 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 03 Dec, 2015 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Wednesday (December 02, 2015).

Published 03 Dec, 2015 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Wednesday (December 02, 2015).

Published 03 Dec, 2015 12:00am
12 killed, 20 wounded in California shooting

12 killed, 20 wounded in California shooting

A dozen people have been reported killed at a San Bernardino, California facility for people with disabilities, according to a private TV channel. People are looking for up to three active shooter suspects, and possible explosive devices. However Reuters
Published 03 Dec, 2015 12:00am
12 killed, 20 wounded in California shooting

12 killed, 20 wounded in California shooting

A dozen people have been reported killed at a San Bernardino, California facility for people with disabilities, according to a private TV channel. People are looking for up to three active shooter suspects, and possible explosive devices. However Reuters
Published 03 Dec, 2015 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (December 02, 2015).
Published 03 Dec, 2015 12:00am
Kissan Package: ECP defers hearing till December 5

Kissan Package: ECP defers hearing till December 5

The Election Commission of Pakistan (ECP) on Wednesday deferred the hearing of Kissan Package till December 5, and the package will remain suspended till next hearing. Chief Election Commissioner Sardar Raza Khan headed the bench which heard the arguments
Published 03 Dec, 2015 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (December 02, 2015).

Published 03 Dec, 2015 12:00am
Kissan Package: ECP defers hearing till December 5

Kissan Package: ECP defers hearing till December 5

The Election Commission of Pakistan (ECP) on Wednesday deferred the hearing of Kissan Package till December 5, and the package will remain suspended till next hearing. Chief Election Commissioner Sardar Raza Khan headed the bench which heard the arguments
Published 03 Dec, 2015 12:00am
'No forgiveness' as APS massacre convicts hanged

'No forgiveness' as APS massacre convicts hanged

Government Wednesday hanged four men linked to the Taliban's massacre of more than 130 schoolchildren, with parents of victims saying they deserved "no forgiveness" as the attack anniversary approached. The executions, which officials said were carried ou
Published 03 Dec, 2015 12:00am
'No forgiveness' as APS massacre convicts hanged

'No forgiveness' as APS massacre convicts hanged

Government Wednesday hanged four men linked to the Taliban's massacre of more than 130 schoolchildren, with parents of victims saying they deserved "no forgiveness" as the attack anniversary approached. The executions, which officials said were carried ou
Published 03 Dec, 2015 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (December 02, 2015).

Published 03 Dec, 2015 12:00am
Sushma likely to arrive next week

Sushma likely to arrive next week

Indian External Affairs Minister Sushma Swaraj is expected to arrive here next week for the 5th Heart of Asia Ministerial Meeting on Afghanistan being hosted by Pakistan. However, Foreign Office spokesperson Qazi Khalilullah, while commenting on the India
Published 03 Dec, 2015 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (December 02, 2015).

Published 03 Dec, 2015 12:00am
Sushma likely to arrive next week

Sushma likely to arrive next week

Indian External Affairs Minister Sushma Swaraj is expected to arrive here next week for the 5th Heart of Asia Ministerial Meeting on Afghanistan being hosted by Pakistan. However, Foreign Office spokesperson Qazi Khalilullah, while commenting on the India
Published 03 Dec, 2015 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (December 02, 2015).

Published 03 Dec, 2015 12:00am
Afghan Taliban leader injured in internal firefight

Afghan Taliban leader injured in internal firefight

Afghan Taliban leader Mullah Akhtar Mansour was injured in a firefight following an argument at a meeting of militant commanders in Pakistan, officials said Wednesday, exposing the deep divisions within the fractious militant movement. "Mansour was seriou
Published 03 Dec, 2015 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (December 02, 2015).

Published 03 Dec, 2015 12:00am
Afghan Taliban leader injured in internal firefight

Afghan Taliban leader injured in internal firefight

Afghan Taliban leader Mullah Akhtar Mansour was injured in a firefight following an argument at a meeting of militant commanders in Pakistan, officials said Wednesday, exposing the deep divisions within the fractious militant movement. "Mansour was seriou
Published 03 Dec, 2015 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (December 02, 2015).

Published 03 Dec, 2015 12:00am
LTUs and RTOs to assign jurisdiction of taxpayers

LTUs and RTOs to assign jurisdiction of taxpayers

In a major move to facilitate registered taxpayers, the Federal Board of Revenue (FBR) has empowered Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to assign/mark jurisdiction of taxpayers at local level. In this regard, the FBR has issued in
Published 03 Dec, 2015 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (December 02, 2015).

Published 03 Dec, 2015 12:00am
LTUs and RTOs to assign jurisdiction of taxpayers

LTUs and RTOs to assign jurisdiction of taxpayers

In a major move to facilitate registered taxpayers, the Federal Board of Revenue (FBR) has empowered Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to assign/mark jurisdiction of taxpayers at local level. In this regard, the FBR has issued in
Published 03 Dec, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (December 02, 2015).

Published 03 Dec, 2015 12:00am
LTUs and RTOs to assign jurisdiction of taxpayers

LTUs and RTOs to assign jurisdiction of taxpayers

In a major move to facilitate registered taxpayers, the Federal Board of Revenue (FBR) has empowered Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to assign/mark jurisdiction of taxpayers at local level. In this regard, the FBR has issued in
Published 03 Dec, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (December 02, 2015).

Published 03 Dec, 2015 12:00am
Dar asks FBR to achieve revenue target

Dar asks FBR to achieve revenue target

Acknowledging the Federal Board of Revenue (FBR) efforts for achieving an accumulative growth of 33 per cent in revenue collection during last two years, Federal Minister for Finance and Revenue Senator Muhammad Ishaq Dar has urged them not to be complace
Published 03 Dec, 2015 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (December 02, 2015).

Published 03 Dec, 2015 12:00am
Dar asks FBR to achieve revenue target

Dar asks FBR to achieve revenue target

Acknowledging the Federal Board of Revenue (FBR) efforts for achieving an accumulative growth of 33 per cent in revenue collection during last two years, Federal Minister for Finance and Revenue Senator Muhammad Ishaq Dar has urged them not to be complace
Published 03 Dec, 2015 12:00am
Dar asks FBR to achieve revenue target

Dar asks FBR to achieve revenue target

Acknowledging the Federal Board of Revenue (FBR) efforts for achieving an accumulative growth of 33 per cent in revenue collection during last two years, Federal Minister for Finance and Revenue Senator Muhammad Ishaq Dar has urged them not to be complace
Published 03 Dec, 2015 12:00am
Russia claims it has 'proof' Turkey involved in IS oil trade

Russia claims it has 'proof' Turkey involved in IS oil trade

Russia's defence ministry said on Wednesday it had proof that Turkish President Tayyip Erdogan and his family were benefiting from the illegal smuggling of oil from Islamic State-held territory in Syria and Iraq. Moscow and Ankara have been locked in a wa
Published 03 Dec, 2015 12:00am
Russia claims it has 'proof' Turkey involved in IS oil trade

Russia claims it has 'proof' Turkey involved in IS oil trade

Russia's defence ministry said on Wednesday it had proof that Turkish President Tayyip Erdogan and his family were benefiting from the illegal smuggling of oil from Islamic State-held territory in Syria and Iraq. Moscow and Ankara have been locked in a wa
Published 03 Dec, 2015 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (December 02, 2015).

Published 03 Dec, 2015 12:00am
Russia claims it has ''proof'' Turkey involved in IS oil trade

Russia claims it has ''proof'' Turkey involved in IS oil trade

Russia''s defence ministry said on Wednesday it had proof that Turkish President Tayyip Erdogan and his family were benefiting from the illegal smuggling of oil from Islamic State-held territory in Syria and Iraq. Moscow and Ankara have been locked in a w
Published 03 Dec, 2015 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (December 02, 2015).

Published 03 Dec, 2015 12:00am
Russia claims it has ''''proof'''' Turkey involved in IS oil trade

Russia claims it has ''''proof'''' Turkey involved in IS oil trade

Russia''''s defence ministry said on Wednesday it had proof that Turkish President Tayyip Erdogan and his family were benefiting from the illegal smuggling of oil from Islamic State-held territory in Syria and Iraq. Moscow and Ankara have been locked in a
Published 03 Dec, 2015 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (December 02, 2015).

Published 03 Dec, 2015 12:00am
Erdogan says no one can 'slander' Turkey

Erdogan says no one can 'slander' Turkey

Turkish President Tayyip Erdogan said on Wednesday no one had the right to "slander" Turkey by accusing it of buying oil from Islamic State, and that he would stand down if such allegations were proven to be true. Erdogan, who was speaking at a university
Published 03 Dec, 2015 12:00am
Erdogan says no one can 'slander' Turkey

Erdogan says no one can 'slander' Turkey

Turkish President Tayyip Erdogan said on Wednesday no one had the right to "slander" Turkey by accusing it of buying oil from Islamic State, and that he would stand down if such allegations were proven to be true. Erdogan, who was speaking at a university
Published 03 Dec, 2015 12:00am
30 more ATCs to be set up in Sindh

30 more ATCs to be set up in Sindh

The adviser to chief minister on information, Maula Bux Chandio, while briefing the media after the provincial apex committee's meeting, said that the Sindh government has allowed establishment of at least 30 more anti-terrorism courts (ATCs) to improve t
Published 03 Dec, 2015 12:00am
30 more ATCs to be set up in Sindh

30 more ATCs to be set up in Sindh

The adviser to chief minister on information, Maula Bux Chandio, while briefing the media after the provincial apex committee's meeting, said that the Sindh government has allowed establishment of at least 30 more anti-terrorism courts (ATCs) to improve t
Published 03 Dec, 2015 12:00am
LG polls: ECP decides to deploy troops in Karachi

LG polls: ECP decides to deploy troops in Karachi

In the wake of security concerns and possible terror attacks, the Election Commission of Pakistan (ECP) has decided to deploy Pakistan Army and Rangers personnel for local government elections in Karachi. The ECP has also given powers of magistrate-I to R
Published 03 Dec, 2015 12:00am
LG polls: ECP decides to deploy troops in Karachi

LG polls: ECP decides to deploy troops in Karachi

In the wake of security concerns and possible terror attacks, the Election Commission of Pakistan (ECP) has decided to deploy Pakistan Army and Rangers personnel for local government elections in Karachi. The ECP has also given powers of magistrate-I to R
Published 03 Dec, 2015 12:00am
Sharjeel Memon ousted from cabinet

Sharjeel Memon ousted from cabinet

Sindh minister and prominent PPP leader Sharjeel Inam Memon has been dismissed from the post of Minister for Works, Services and Archives on Wednesday. A notification in this regard has been issued. The notification, dated December 2 reads: "In exercise o
Published 03 Dec, 2015 12:00am