News Archives for Print - 2016-02-14 - Business Recorder

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Print - 2016-02-14

Medicines at health facilities: advisor seeks forecast of annual procurement requirements

Medicines at health facilities: advisor seeks forecast of annual procurement requirements

The chief minister's health advisor Khawaja Salman Rafique has asked his executive district officers to furnish him with their complete forecast of yearly procurement requirements and ensure availability of all essential medicines at health facilities.

Published 14 Feb, 2016 12:00am

Investigation into cases of tax evasion: retention of seized laptops, documents justified: FTO

Investigation into cases of tax evasion: retention of seized laptops, documents justified: FTO

The Federal Tax Ombudsman (FTO), Abdur Rauf Chaudhry has ruled that retention of seized documents, laptops, Central Processing Units (CPUs), etc by officers of Directorate of Intelligence & Investigation (I&I) over a protracted period is justified as thes

Published 14 Feb, 2016 12:00am

Investigation into cases of tax evasion: retention of seized laptops, documents justified: FTO

Investigation into cases of tax evasion: retention of seized laptops, documents justified: FTO

The Federal Tax Ombudsman (FTO), Abdur Rauf Chaudhry has ruled that retention of seized documents, laptops, Central Processing Units (CPUs), etc by officers of Directorate of Intelligence & Investigation (I&I) over a protracted period is justified as thes

Published 14 Feb, 2016 12:00am

Two killed in PML(N)-PPP clash in AJ&K

Exchange

Two killed in PML(N)-PPP clash in AJ&K

At least two persons were killed and eight others wounded on Saturday in a clash between the workers of Pakistan Peoples Party (PPP) and Pakistan Muslim League-Nawaz (PML-N) in Kotli. The clash reportedly occurred in the Nakial Bazaar area when a processi

Published 14 Feb, 2016 12:00am

Two killed in PML(N)-PPP clash in AJ&K

Exchange

Two killed in PML(N)-PPP clash in AJ&K

At least two persons were killed and eight others wounded on Saturday in a clash between the workers of Pakistan Peoples Party (PPP) and Pakistan Muslim League-Nawaz (PML-N) in Kotli. The clash reportedly occurred in the Nakial Bazaar area when a processi

Published 14 Feb, 2016 12:00am

Zardari, Bilawal condemn killing of workers

Zardari, Bilawal condemn killing of workers

Former president of Pakistan and President Pakistan Peoples' Party Parliamentarians Asif Ali Zardari has condemned killing of two PPP workers in Nakial, Kotli Azad Jammu and Kashmir. Workers of PML-N opened fire on PPP activists on Saturday while they wer

Published 14 Feb, 2016 12:00am

Zardari, Bilawal condemn killing of workers

Zardari, Bilawal condemn killing of workers

Former president of Pakistan and President Pakistan Peoples' Party Parliamentarians Asif Ali Zardari has condemned killing of two PPP workers in Nakial, Kotli Azad Jammu and Kashmir. Workers of PML-N opened fire on PPP activists on Saturday while they wer

Published 14 Feb, 2016 12:00am

AJ&K PM's language encourages violence: Rashid

AJ&K PM's language encourages violence: Rashid

Federal Information Minister, Pervaiz Rashid has called upon all political parties to evolve a code of conduct to ensure peace during elections in Azad Kashmir. Talking to newsmen here on Saturday evening, he said peaceful atmosphere can be maintained by

Published 14 Feb, 2016 12:00am

AJ&K PM's language encourages violence: Rashid

AJ&K PM's language encourages violence: Rashid

Federal Information Minister, Pervaiz Rashid has called upon all political parties to evolve a code of conduct to ensure peace during elections in Azad Kashmir. Talking to newsmen here on Saturday evening, he said peaceful atmosphere can be maintained by

Published 14 Feb, 2016 12:00am

Gang war suspects' facilitator detained from LGH

Gang war suspects' facilitator detained from LGH

The law enforcement personnel on Saturday detained an employee of Lyari General Hospital on charges of facilitating gang war suspects in Karachi. According to details, suspect Riaz Babul and two other employees were rounded up on information provided by a

Published 14 Feb, 2016 12:00am

Ikea tax bill under scrutiny after billion euro underpayment claim

Ikea tax bill under scrutiny after billion euro underpayment claim

The European Commission on Saturday pledged to study a report claiming that Swedish furniture giant Ikea may have underpaid taxes by one billion euros between 2009 and 2014 due to aggressive tax strategies. Research commissioned by the Green/EFA group in

Published 14 Feb, 2016 12:00am

Australian PM in second revamp of ministry ahead of elections

Australian PM in second revamp of ministry ahead of elections

Australian Prime Minister Malcolm Turnbull on Saturday announced more than a dozen changes to his ministry, the second major reshuffle in the five months he has been leader and ahead of national elections expected later this year. Turnbull was forced into

Published 14 Feb, 2016 12:00am

Modi renews plea for manufacturing investment

Modi renews plea for manufacturing investment

Indian Prime Minister Narendra Modi renewed his call Saturday for firms to invest in India and turn it into a global manufacturing hub, painting the country as a bright spot for investment in an uncertain world economy. The right-wing prime minister was a

Published 14 Feb, 2016 12:00am

Modi renews plea for manufacturing investment

Modi renews plea for manufacturing investment

Indian Prime Minister Narendra Modi renewed his call Saturday for firms to invest in India and turn it into a global manufacturing hub, painting the country as a bright spot for investment in an uncertain world economy. The right-wing prime minister was a

Published 14 Feb, 2016 12:00am

Modi renews plea for manufacturing investment

Modi renews plea for manufacturing investment

Indian Prime Minister Narendra Modi renewed his call Saturday for firms to invest in India and turn it into a global manufacturing hub, painting the country as a bright spot for investment in an uncertain world economy. The right-wing prime minister was a

Published 14 Feb, 2016 12:00am

US Defense Secretary says UK needs nuclear weapons for 'outsized' world role

US Defense Secretary says UK needs nuclear weapons for 'outsized' world role

Britain must renew its submarine-borne Trident nuclear weapons system if it is to maintain its "outsized" role in world affairs, US Defence Secretary Ash Carter said in comments published on Saturday. A decision on replacing the ageing fleet of four subma

Published 14 Feb, 2016 12:00am

US Defense Secretary says UK needs nuclear weapons for 'outsized' world role

US Defense Secretary says UK needs nuclear weapons for 'outsized' world role

Britain must renew its submarine-borne Trident nuclear weapons system if it is to maintain its "outsized" role in world affairs, US Defence Secretary Ash Carter said in comments published on Saturday. A decision on replacing the ageing fleet of four subma

Published 14 Feb, 2016 12:00am

'No time to lose' to install Libya unity government: French FM

'No time to lose' to install Libya unity government: French FM

There is "no time to lose" to put in place a unity government in Libya, where the Islamic State group is rapidly expanding its presence, the new French foreign minister said Saturday. "There is no time to lose for the national unity government to assume i

Published 14 Feb, 2016 12:00am

'No time to lose' to install Libya unity government: French FM

'No time to lose' to install Libya unity government: French FM

There is "no time to lose" to put in place a unity government in Libya, where the Islamic State group is rapidly expanding its presence, the new French foreign minister said Saturday. "There is no time to lose for the national unity government to assume i

Published 14 Feb, 2016 12:00am

Music composer Robin Ghosh passes away

Music composer Robin Ghosh passes away

Rabin Ghosh, renowned musician and music composer of South Asia, died of protracted illness here Saturday. He was 76. He was husband of ace Pakistani film actress Shabnam. They were one of the successful couples of film industry. Famous playback singer Ah

Published 14 Feb, 2016 12:00am

Music composer Robin Ghosh passes away

Music composer Robin Ghosh passes away

Rabin Ghosh, renowned musician and music composer of South Asia, died of protracted illness here Saturday. He was 76. He was husband of ace Pakistani film actress Shabnam. They were one of the successful couples of film industry. Famous playback singer Ah

Published 14 Feb, 2016 12:00am

Pope urges Mexico bishops to fight drug trade with 'courage'

Pope urges Mexico bishops to fight drug trade with 'courage'

Pope Francis urged Mexican bishops Saturday to take on drug trafficking with "prophetic courage," warning that it represents a moral challenge to society and the church. "The magnitude of this phenomenon, the complexity of its causes, its immensity and it

Published 14 Feb, 2016 12:00am

Pope urges Mexico bishops to fight drug trade with 'courage'

Pope urges Mexico bishops to fight drug trade with 'courage'

Pope Francis urged Mexican bishops Saturday to take on drug trafficking with "prophetic courage," warning that it represents a moral challenge to society and the church. "The magnitude of this phenomenon, the complexity of its causes, its immensity and it

Published 14 Feb, 2016 12:00am

West Bank village defiant after Israeli crackdown

West Bank village defiant after Israeli crackdown

With a four-day lockdown and economic sanctions, Israel cracked down hard on the West Bank village of Qabatiya after three of its sons killed a policewoman in a Jerusalem attack. But residents of the hilltop village of 25,000 pledge to keep up their long

Published 14 Feb, 2016 12:00am

West Bank village defiant after Israeli crackdown

West Bank village defiant after Israeli crackdown

With a four-day lockdown and economic sanctions, Israel cracked down hard on the West Bank village of Qabatiya after three of its sons killed a policewoman in a Jerusalem attack. But residents of the hilltop village of 25,000 pledge to keep up their long

Published 14 Feb, 2016 12:00am

TRC for ATIR-CT merger to create 'national tax tribunal'

TRC for ATIR-CT merger to create 'national tax tribunal'

The Tax Reform Commission (TRC) has strongly recommended that the Appellate Tribunal Inland Revenue and Customs Tribunal should be merged into a new entity, ie, national tax tribunal. The final report of the TRC submitted to the Federal Board of Revenue (

Published 14 Feb, 2016 12:00am

TRC for ATIR-CT merger to create 'national tax tribunal'

TRC for ATIR-CT merger to create 'national tax tribunal'

The Tax Reform Commission (TRC) has strongly recommended that the Appellate Tribunal Inland Revenue and Customs Tribunal should be merged into a new entity, ie, national tax tribunal. The final report of the TRC submitted to the Federal Board of Revenue (

Published 14 Feb, 2016 12:00am

TRC for ATIR-CT merger to create ''national tax tribunal''

TRC for ATIR-CT merger to create ''national tax tribunal''

The Tax Reform Commission (TRC) has strongly recommended that the Appellate Tribunal Inland Revenue and Customs Tribunal should be merged into a new entity, ie, national tax tribunal. The final report of the TRC submitted to the Federal Board of Revenue (

Published 14 Feb, 2016 12:00am

Saif power urges NTDC to make payment

Saif power urges NTDC to make payment

Saif Power Company has urged National Transmission and Despatch Company (NTDC) to pay an overdue amount of Rs 2.198 billion along with interest and Late Payment Surcharge (LPS) immediately, well informed sources told Business Recorder. National Pow

Published 14 Feb, 2016 12:00am

Saif power urges NTDC to make payment

Saif power urges NTDC to make payment

Saif Power Company has urged National Transmission and Despatch Company (NTDC) to pay an overdue amount of Rs 2.198 billion along with interest and Late Payment Surcharge (LPS) immediately, well informed sources told Business Recorder. National Pow

Published 14 Feb, 2016 12:00am

Saif power urges NTDC to make payment

Saif power urges NTDC to make payment

Saif Power Company has urged National Transmission and Despatch Company (NTDC) to pay an overdue amount of Rs 2.198 billion along with interest and Late Payment Surcharge (LPS) immediately, well informed sources told Business Recorder. National Pow

Published 14 Feb, 2016 12:00am

China's Lunar New Year holiday retail sales up

China's Lunar New Year holiday retail sales up

China's retail sales grew 11.2 percent during the week-long Lunar New Year vacation compared with the same holiday period last year, Ministry of Commerce data showed on Saturday. Revenues of retailers and catering firms grew to about 754 billion yuan ($11

Published 14 Feb, 2016 12:00am

China's Lunar New Year holiday retail sales up

China's Lunar New Year holiday retail sales up

China's retail sales grew 11.2 percent during the week-long Lunar New Year vacation compared with the same holiday period last year, Ministry of Commerce data showed on Saturday. Revenues of retailers and catering firms grew to about 754 billion yuan ($11

Published 14 Feb, 2016 12:00am

China''s Lunar New Year holiday retail sales up

China''s Lunar New Year holiday retail sales up

China''s retail sales grew 11.2 percent during the week-long Lunar New Year vacation compared with the same holiday period last year, Ministry of Commerce data showed on Saturday. Revenues of retailers and catering firms grew to about 754 billion yuan ($1

Published 14 Feb, 2016 12:00am

China''''s Lunar New Year holiday retail sales up

China''''s Lunar New Year holiday retail sales up

China''''s retail sales grew 11.2 percent during the week-long Lunar New Year vacation compared with the same holiday period last year, Ministry of Commerce data showed on Saturday. Revenues of retailers and catering firms grew to about 754 billion yuan (

Published 14 Feb, 2016 12:00am

Changes in KPK's accountability law

Changes in KPK's accountability law

Director General of Khyber Pakhtunkhwa Ehtesab Commission Lieutenant General Mohammad Hamid Khan (Retd) has resigned delivering a damaging blow to the provincial government's credibility on the accountability issue. In his letter of resignation General Ha

Published 14 Feb, 2016 12:00am

Devils take possession of an empty house

Devils take possession of an empty house

The military has done its part; it has restored writ of the State by clearing the tribal areas of the menace of terrorism. That the civilian side should do its part by creating conditions conducive enough for the displaced persons to return and restart th

Published 14 Feb, 2016 12:00am

Our housing crisis

Exchange

Our housing crisis

The purpose of this article is to outline the magnitude of Pakistan's burgeoning housing crisis caused by population growth, rapid urbanisation, and the resulting mushrooming of slums in large cities and towns across the country. It will attempt to analys

Published 14 Feb, 2016 12:00am

In crisis-ridden Venezuela, electricity is also scarce

Exchange

In crisis-ridden Venezuela, electricity is also scarce

Venezuelans are accustomed to severe shortages of oil, diapers and other staple products. But those hoping to buy what they could find got a new unpleasant surprise this week. They found malls dark and shuttered on the first day of a government electricit

Published 14 Feb, 2016 12:00am

'The take-home from IMF loan'

'The take-home from IMF loan'

This is apropos 'The take-home from IMF loan' carried by Business Recorder on Saturday. The writer has argued, inter alia, that "the government failed to put up a strategy in very early stage of the privatisation process to deal with nearly a force

Published 14 Feb, 2016 12:00am

Ibad rules out IS presence in Karachi

Ibad rules out IS presence in Karachi

Sindh Governor Dr Ishratul Ebad on Saturday ruled out the existence of Islamic State terrorist group in Karachi. Speaking to media persons here, Governor Ebad said the group had no organisational setup in Karachi. "Existing banned terrorist outfits are tr

Published 14 Feb, 2016 12:00am

BISP beneficiaries to get increased grant with arrears: Marvi

BISP beneficiaries to get increased grant with arrears: Marvi

The grant to Benazir Income Support Program (BISP) beneficiaries has been increased from Rs 4500 to Rs 4700 per month from current financial year and they will begin receiving increased amount by next month. Chairperson BISP) Marvi Memon said this on Satu

Published 14 Feb, 2016 12:00am

Jamaat-i-Islami opposes PSM sell-off plan, seeks Rs 30 billion bailout package

Jamaat-i-Islami opposes PSM sell-off plan, seeks Rs 30 billion bailout package

Jamaat-i-Islami (JI) Karachi chief Engr. Hafiz Naeem-ur-Rehman has demanded of the government for a bailout package worth Rs 30 billion to restore the functions of Pakistan Steel Mills (PSM) and bring reforms in the institution, instead of blindly pursuin

Published 14 Feb, 2016 12:00am

FPCCI chief hails LNG deal

FPCCI chief hails LNG deal

President FPCCI Abdul Rauf Alam has appreciated the historic agreement of import of LNG deal with Qatar and said that this accord will be a milestone in resolving the energy crisis. While applauding the efforts of Prime Minister Nawaz Sharif, he said that

Published 14 Feb, 2016 12:00am

At least 26 suspects held in Quetta

At least 26 suspects held in Quetta

Law Enforcement Agencies on Saturday detained at least 26 persons on suspicion of links with terror outfits in different areas here. According to FC sources, a joint door-to-door search operation was conducted by Frontier Corps (FC) and police in Shalkot,

Published 14 Feb, 2016 12:00am

Role of Nepra, Ogra slammed

Role of Nepra, Ogra slammed

Traders have criticised the Nepra and Ogra in fixing power and fuel oil rates and slammed the government for retaining the fuel oil prices at a higher rate despite the world market had plunged its prices to the 13-year lowest level. Similarly, Nepra has f

Published 14 Feb, 2016 12:00am

Three new towers NICVD holds groundbreaking ceremony

Three new towers NICVD holds groundbreaking ceremony

National Institute of Cardiovascular Diseases (NICVD) held a ground breaking ceremony for its three new towers to be built at the NICVD, opposite Jinnah Hospital. The event host, Syed Qaim Ali Shah, the chief minister of Sindh, along with the NICVD offici

Published 14 Feb, 2016 12:00am

Four more children die in Tharparkar

Four more children die in Tharparkar

Malnutrition in Tharparkar is unabated as four more children killed due to the famine on Saturday. A seven-month-old girl Kavita died in Mithi Hospital, one minor lost life in Diplo Hospital while another infant fell prey to hunger in Islam Kot hospital.

Published 14 Feb, 2016 12:00am

Beef export to UAE fetches $43.61 million during 2014-15

Beef export to UAE fetches $43.61 million during 2014-15

The export of beef to United Arab Emirates (UAE) reached US $43.61 million during 2014-15, registering 24 per cent increase as compared to previous year. The beef export to UAE during 2012-13 was US $35.1 million and thanks to Market Access Initiatives ta

Published 14 Feb, 2016 12:00am

English-language training program US CG congratulates 200 graduates

English-language training program US CG congratulates 200 graduates

US Consul General Brian Heath congratulated approximately 200 graduating students at the closing ceremonies of a US Embassy Access English-language training program in Karachi. Evolution CEO and Co-Founder Sidrah Niaz, US Consulate Public Affairs Officer

Published 14 Feb, 2016 12:00am

Exchange scholarship programme USPCAS-W conducts session on criteria

Exchange

Exchange scholarship programme USPCAS-W conducts session on criteria

Dr Mohammad Aslam Chaudhry, Chief of Party US-Pakistan Centers for Advanced Studies in Water (USPCAS-W), University of Utah (UU)USA conducted session on the criteria of student's exchange scholarship program with MS/PhD students of USPCAS-W, at ORIC Libra

Published 14 Feb, 2016 12:00am

PMEX conference on futures trading on February 20

Exchange

PMEX conference on futures trading on February 20

Pakistan Mercantile Exchange (PMEX) is in continuous quest to create awareness amongst stakeholders of the commodity market and in this respect follows a multi-pronged awareness strategy comprising of training programs, workshops and seminars in a collabo

Published 14 Feb, 2016 12:00am

Snowy winter: lack of rest-rooms dampens recreation

Snowy winter: lack of rest-rooms dampens recreation

As people from across the country, particularly twin cities of Rawalpindi and Islamabad, and from Khyber Pakhtunkhwa thronged Murree on Saturday to enjoy cold weather after Thursday's snowfall, lack of rest-rooms proved to be wet blanket for them. "We enj

Published 14 Feb, 2016 12:00am

Kite-flying incident: Shahbaz seeks report

Kite-flying incident: Shahbaz seeks report

Punjab Chief Minister, Muhammad Shahbaz Sharif has taken notice of incident of kite flying in some cities and sought a report from police authorities and administration of concerned districts. The CM directed that the law of ban on kite flying should be s

Published 14 Feb, 2016 12:00am

'Government fails to provide relief to the poor'

'Government fails to provide relief to the poor'

A former Punjab-based Pakistan Tehreek-e-Insaf organiser has accused the government of failing to provide relief to the public and making it poorer than before. Chaudhry Mohammad Sarwar, addressing workers and the media after opening the party's union cou

Published 14 Feb, 2016 12:00am

Prime Minister directs to adopt policy guidelines on foreign appointments

Prime Minister directs to adopt policy guidelines on foreign appointments

To ensure transparency, merit and fairness, Prime Minister Nawaz Sharif has directed for the adoption of policy guidelines over foreign appointments. These guidelines would be followed in letter and spirit concerning postings in Pakistan Missions and agai

Published 14 Feb, 2016 12:00am

Prices of pulses, sugar soar

Prices of pulses, sugar soar

The prices of essential kitchen items including different quality rice, ghee/cooking oil and vegetables have witnessed a decline, while pulses and sugar witnessed an increase during this past week as compared to the proceeding week, a survey conducted by

Published 14 Feb, 2016 12:00am

Kissan Package: Fertiliser companies upset over high gas prices

Exchange

Kissan Package: Fertiliser companies upset over high gas prices

The non-implementation of promised rollback in gas prices for fertiliser sector at the time of Kissan Package has made things difficult for operational fertiliser companies, industry sources revealed to Business Recorder Saturday. Fertiliser compan

Published 14 Feb, 2016 12:00am

Prime Minister offers financial help to heirs of deceased PIA employees

Prime Minister offers financial help to heirs of deceased PIA employees

Prime Minister Muhammad Nawaz Sharif has announced financial assistance of Rs 2.5 million each for the heirs of two deceased PIA employees. These employees were killed during a firing incident outside Karachi airport. The Prime Minister stated that loss o

Published 14 Feb, 2016 12:00am

Secretary health makes surprise visit to GHL

Secretary health makes surprise visit to GHL

The Specialised Health and Medical Education secretary made a surprise visit to the General Hospital Lahore on Saturday to question patients and their attendants over treatment facilities in the emergency and indoor and also reviewed the security system a

Published 14 Feb, 2016 12:00am

Human rights: Prime Minister approves action plan

Human rights: Prime Minister approves action plan

Prime Minister Nawaz Sharif has approved an action plan to improve human rights situation in the country. According to the plan, an amount of four hundred million rupees will be provided for human rights education, sensitization, awareness, research and c

Published 14 Feb, 2016 12:00am

Pakistan 4th cheapest regional country in monthly mobile cost

Pakistan 4th cheapest regional country in monthly mobile cost

Pakistan is the fourth cheapest market in the region in terms of monthly cost of owning a mobile phone. The average cost of owning and using a mobile phone in Pakistan is Rs 222.41 ($2.21). As compared to rest of world, prices in Southeast Asia are among

Published 14 Feb, 2016 12:00am

Bank transactions: traders take out rally against WHT imposition

Bank transactions: traders take out rally against WHT imposition

Traders and shopkeepers belonging to various trade bodies held a big demonstration in front of Multan Press Club in protest against imposition of withholding tax on bank transactions describing it unjust and IMF imposed tax. The demo was led by Khawaja Su

Published 14 Feb, 2016 12:00am

French PM rejects permanent quota system for refugees

French PM rejects permanent quota system for refugees

French Prime Minister Manuel Valls rejected on Saturday the idea of a permanent quota system for distributing refugees across Europe, putting Paris at odds with Germany ahead of a summit to discuss the EU crisis over migration. Speaking to reporters at a

Published 14 Feb, 2016 12:00am

Barclays aggressively cuts dollar/yen forecasts amid sharp falls

Exchange

Barclays aggressively cuts dollar/yen forecasts amid sharp falls

Barclays aggressively cut its dollar/yen forecasts on Friday, saying the greenback will fall to 95 yen by the end of the year - more than 20 percent lower than the 120 yen previously reckoned - after a surge in the Japanese currency. The British bank also

Published 14 Feb, 2016 12:00am

Barclays aggressively cuts dollar/yen forecasts amid sharp falls

Exchange

Barclays aggressively cuts dollar/yen forecasts amid sharp falls

Barclays aggressively cut its dollar/yen forecasts on Friday, saying the greenback will fall to 95 yen by the end of the year - more than 20 percent lower than the 120 yen previously reckoned - after a surge in the Japanese currency. The British bank also

Published 14 Feb, 2016 12:00am

Daily FX volumes rise to $4.84 trillion in January

Daily FX volumes rise to $4.84 trillion in January

Daily trading on the global market in currencies bounced by almost $400 billion a day in January, driven by a surge in market volatility due to worries over China, oil prices and global growth, data showed on Wednesday. Compared to January 2015, when a re

Published 14 Feb, 2016 12:00am

Mexico, Colombia peso rebound from lows but risks linger

Currency

Mexico, Colombia peso rebound from lows but risks linger

Mexico's peso clawed back gains from a record low on Friday after brutal losses during the week as a rebound in oil prices and global stocks lifted battered Latin American currencies. Solid US consumer data on Friday helped stocks on Wall Street rebound w

Published 14 Feb, 2016 12:00am

Canadian dollar strengthens

Currency

Canadian dollar strengthens

The Canadian dollar rose against its US counterpart on Friday as a surge in oil prices supported the risk-sensitive commodity currency, even as solid US retail sales data helped drive broader gains for the greenback. Relative calm returned to world market

Published 14 Feb, 2016 12:00am

Dollar rises as US data revives possibility of policy divergence

Currency

Dollar rises as US data revives possibility of policy divergence

The dollar rose on Friday after data showed US consumer spending appeared to have regained its mojo in January, supporting the possibility the Federal Reserve will continue to raise interest rates as other central banks ease policy. The solid US retail sa

Published 14 Feb, 2016 12:00am

Azeri state fund to continue currency sales on FX market

Currency

Azeri state fund to continue currency sales on FX market

Azeri state oil fund SOFAZ plans to continue foreign currency sales on the market in 2016 to support the country's ailing manat currency and does not intend to purchase gold this year, the fund's deputy CEO said on Tuesday. "According to the approved 2016

Published 14 Feb, 2016 12:00am

Azeri state fund to continue currency sales on FX market

Currency

Azeri state fund to continue currency sales on FX market

Azeri state oil fund SOFAZ plans to continue foreign currency sales on the market in 2016 to support the country's ailing manat currency and does not intend to purchase gold this year, the fund's deputy CEO said on Tuesday. "According to the approved 2016

Published 14 Feb, 2016 12:00am

US dollar longs fall to lowest in 1-1/2 years

US dollar longs fall to lowest in 1-1/2 years

Speculators reduced bullish bets on the US dollar for a seventh straight week, with net longs dropping to their lowest level since mid-July 2014, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday.

Published 14 Feb, 2016 12:00am

Small businesses still hugely exposed to FX swings

Exchange

Small businesses still hugely exposed to FX swings

Only 20-25 percent of small and medium-sized British and French companies hedge their exposure to fluctuations in currency rates which can have a huge impact on their bottom lines, a report by banking research consultancy East & Partners showed on Thursda

Published 14 Feb, 2016 12:00am

Small businesses still hugely exposed to FX swings

Exchange

Small businesses still hugely exposed to FX swings

Only 20-25 percent of small and medium-sized British and French companies hedge their exposure to fluctuations in currency rates which can have a huge impact on their bottom lines, a report by banking research consultancy East & Partners showed on Thursda

Published 14 Feb, 2016 12:00am

Hong Kong Treasury's Chan says not worried about attacks on dollar peg

Exchange

Hong Kong Treasury's Chan says not worried about attacks on dollar peg

Hong Kong can weather attacks on the city's currency because of its large foreign exchange reserves and assets, Secretary for Financial Services and the Treasury KC Chan said on Thursday. "Those who worry about effects of attacks on the peg on the Hong Ko

Published 14 Feb, 2016 12:00am

Hong Kong Treasury's Chan says not worried about attacks on dollar peg

Exchange

Hong Kong Treasury's Chan says not worried about attacks on dollar peg

Hong Kong can weather attacks on the city's currency because of its large foreign exchange reserves and assets, Secretary for Financial Services and the Treasury KC Chan said on Thursday. "Those who worry about effects of attacks on the peg on the Hong Ko

Published 14 Feb, 2016 12:00am

Mrs Watanabe loses faith in Abenomics, turns bullish on yen

Exchange

Mrs Watanabe loses faith in Abenomics, turns bullish on yen

Japanese retail traders have turned bullish on the yen for the first time in 2-1/2 years, a telling sign they are losing confidence over government efforts to cheapen the currency. The change in sentiment comes as more investors globally question whether

Published 14 Feb, 2016 12:00am

Neither a euro nor a yen bear be, Aussie bulls warned

Exchange

Neither a euro nor a yen bear be, Aussie bulls warned

It seemed like a sure-fire bet a few weeks ago: Abandon the yen and euro for the high-yielding Australian dollar. Yet these positions have been blown out of the water this week, proving that interest rate differentials are not everything when choosing a w

Published 14 Feb, 2016 12:00am

Thitiphun clinches Asian Tour title in Bangladesh

Thitiphun clinches Asian Tour title in Bangladesh

Thailand's Thitiphun Chuayprakong clinched his maiden Asian Tour title when he carded four-under-par 67 in the final round to claim a two-shot victory at the $300,000 Bashundhara Bangladesh Open on Saturday. The 23-year-old Thai, who went to the final rou

Published 14 Feb, 2016 12:00am

Ronaldo double keeps pressure on Barca

Ronaldo double keeps pressure on Barca

Cristiano Ronaldo struck twice as Real Madrid overcame a stiff test from Athletic Bilbao to move within a point of Barcelona at the top of La Liga with a 4-2 win on Saturday. Ronaldo's early opener was cancelled out by Javi Eraso before a two-goal burst j

Published 14 Feb, 2016 12:00am

Hull down Blackburn to regain pole position

Hull down Blackburn to regain pole position

Hull's bid for a quick return to the Premier League gathered pace as they swept back to the top of the Championship with a 2-0 win against Blackburn on Saturday. Steve Bruce's side dominated at Ewood Park and eventually secured their seventh win in their

Published 14 Feb, 2016 12:00am

Manchester United top-four hopes fade, Long lifts Saints

Manchester United top-four hopes fade, Long lifts Saints

Louis van Gaal conceded that Manchester United may need to win the Europa League to qualify for the Champions League after their 2-1 defeat at Sunderland on Saturday. Bidding to close the six-point gap separating them from the Champions League places, Uni

Published 14 Feb, 2016 12:00am

Nadal reaches Argentina Open semi-finals

Nadal reaches Argentina Open semi-finals

Top seed and defending champion Rafael Nadal reached the Argentina Open semi-finals Friday, braving sweltering temperatures of 33 degrees to clinch a 7-6 (7/3), 6-2 win over Italian journeyman Paolo Lorenzi. Nadal, the world number five, is back on his fa

Published 14 Feb, 2016 12:00am

Banned umpire officiated at US Open, Qatar

Banned umpire officiated at US Open, Qatar

A tennis umpire, who was suspended for a year as part of a betting investigation, continued to work at tournaments including last year's US Open, media reported Friday.

Published 14 Feb, 2016 12:00am

Nagelsmann becomes Bundesliga's youngest manager

Nagelsmann becomes Bundesliga's youngest manager

Julian Nagelsmann, 28, became the youngest ever coach in Germany's top flight on Saturday as his Hoffenheim side drew 1-1 at Werder Bremen in the Bundesliga's basement battle. Nagelsmann saw his side pick up a point on his debut as Andrej Kramaric's early

Published 14 Feb, 2016 12:00am

Morris assault trumps Root century

Morris assault trumps Root century

Joe Root hit his second successive century for England but again finished on the losing side after an astonishing assault by South African all-rounder Chris Morris squared the series at the Wanderers Stadium on Friday. South Africa won the fourth one-day

Published 14 Feb, 2016 12:00am

Venus bags tough win to reach Taiwan final

Venus bags tough win to reach Taiwan final

Venus Williams fought a challenging match to defeat Russia's Yulia Putintseva 7-5, 6-3 on Saturday, securing her spot in the Taiwan Open final. The seven-time Grand Slam winner bagged a suspenseful win in the opening set with Putintseva closing in on Will

Published 14 Feb, 2016 12:00am

Serena, Kerber pull out of Dubai Open

Kerb

Serena, Kerber pull out of Dubai Open

Top seeds Serena Williams and Angelique Kerber have withdrawn from the WTA Tennis Championships, organisers announced on Saturday. "We regret to announce that Serena Williams and Angelique Kerber have withdrawn due to illness and injury," the Dubai Duty F

Published 14 Feb, 2016 12:00am

Voges', Khawaja's tons put Australia in lead

Voges', Khawaja's tons put Australia in lead

Adam Voges boosted his Test average to more than 100 on Saturday as he and Usman Khawaja scored centuries to set Australia up for a huge lead in the first Test against New Zealand. Australia were 463-6, heading New Zealand by 280 on the first innings at s

Published 14 Feb, 2016 12:00am

More than 5,000 pregnant women in Colombia have Zika virus

More than 5,000 pregnant women in Colombia have Zika virus

More than 5,000 pregnant Colombian women are infected with the mosquito-borne Zika virus, the country's national health institute said on Saturday, as the disease continues its rapid spread across the Americas. Cases of the virus total 31,555, the institu

Published 14 Feb, 2016 12:00am

China foreign minister urges US caution on missile system

China foreign minister urges US caution on missile system

The United States needs to proceed with caution on possible deployment of an advanced US missile defence system following North Korea's recent rocket launch and not use this as an excuse to affect China's security, the Chinese foreign minister said. Speak

Published 14 Feb, 2016 12:00am

Dangerous cold grips northeast US

Dangerous cold grips northeast US

A dangerous cold snap seized the north-eastern United States on Saturday with temperatures in some areas set to fall below zero and Boston facing its coldest Valentine's Day in almost four decades. Officials warned people to stay indoors away from what th

Published 14 Feb, 2016 12:00am

Havel's architect dies

Havel's architect dies

Borek Sipek, the official architect for Prague Castle during Vaclav Havel's Czech presidency, died on Saturday after a long struggle with cancer, the CTK news agency said. He was 66. Sipek participated in the transformation of the castle after the fall of

Published 14 Feb, 2016 12:00am

Israeli troops kill Palestinian

Israeli troops kill Palestinian

Israeli security forces shot dead on Saturday a Palestinian woman who tried to stab a soldier in the occupied West Bank, Israel's military said. No Israelis were wounded in the attack that happened near the Cave of the Patriarchs in the city of Hebron. A

Published 14 Feb, 2016 12:00am

Pakistan, Afghanistan agree to expand bilateral trade

Pakistan, Afghanistan agree to expand bilateral trade

Finance Minister Ishaq Dar and Afghan Ambassador Hazrat Omar Zakhilwal discussed current profile of Pak-Afghan economic co-operation. During their meeting in Islamabad on Saturday, they discussed steps with particular emphasis on promotion of trade and de

Published 14 Feb, 2016 12:00am

Faiz's 105th birth anniversary observed

Faiz's 105th birth anniversary observed

The 105th birth anniversary of intellectual, revolutionary and famous poet of the Urdu language, Faiz Ahmed Faiz was observed on Saturday. Faiz Ahmed Faiz was born in 1911 in Sialkot. He began his career as a lecturer in English at Amritsar, reported PTV

Published 14 Feb, 2016 12:00am

Lack of certified seeds, fruit nurseries hitting agriculture productivity

Lack of certified seeds, fruit nurseries hitting agriculture productivity

A lack of availability of certified seeds and fruit nursery is hitting agricultural productivity for which tangible measures are needed to ensure food security in the country, said Professor Dr Iqrar Ahmad Khan, Vice Chancellor, University of Agriculture

Published 14 Feb, 2016 12:00am

AUP holds training programme on APSIM

AUP holds training programme on APSIM

Agriculture University Peshawar (AUP) conducted a training programme on "Agricultural Production Systems Simulator modelling (APSIM)" for students. APSIM is computer based software programme, developed by the Agriculture Production System Research (APSR)

Published 14 Feb, 2016 12:00am

KP Governor accepts DG KPEC's resignation

KP Governor accepts DG KPEC's resignation

The Khyber Pakhtunkhwa Governor has accepted the resignation of Director General (DG) Khyber Pakhtunkhwa Ehtesab Commission (KPEC), Lieutenant General Mohammad Hamid Khan (Retd) under Section 12 (8) of KP Ehtesab Commission. After the acceptance of the re

Published 14 Feb, 2016 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 14	280.68
USD PKR Interbank Buying / Apr 14	280.48
USD to Japanese Yen / Apr 14	142.49
USD to Swiss Franc / Apr 14	0.81
Pound Sterling to USD / Apr 14	1.32
Euro to USD / Apr 14	1.14
UK LIBOR % / Apr 11	4.96

Stock	Volume
S&P 500 / Apr 11	5,363.36
India Sensex / Apr 11	75,157.26
Nasdaq / Apr 11	16,724.46
Dow Jones / Apr 11	40,212.71
Tokyo Nikkei / Apr 14	33,982.36
Hang Seng / Apr 14	21,367.90
FTSE 100 / Apr 14	8,113.87
Germany DAX 30 / Apr 14	20,831.83
France CAC40 / Apr 14	7,259.65

Item	Value
Karachi Cotton PKR/37.32 KG / Apr 11	16,785
Gold 10 Grams PKR / Apr 11	290,466
Crude Oil USD/Barrel / Apr 14	61.28
Gold Spot USD/Ounce / Apr 14	3,229.53
Cotton US¢/pound / Apr 14	67.08
Petrol/Litre / Apr 15	254.63
Diesel/Litre / Apr 15	258.64

Gainers
Losers
Leaders

Stock	Price
Pak Agro Pack. (GEM) / Apr 14 Pak Agro Packaging Limited (GEM)(GEMPAPL)	8.84 ▲ 0.99 (12.61%)
Ruby Textile / Apr 14 Ruby Textile Mills Limited(RUBY)	7.80 ▲ 0.86 (12.39%)
Tariq Corporation / Apr 14 Tariq Corporation Limited(TCORP)	14.69 ▲ 1.34 (10.04%)
Secure Logistics / Apr 14 Secure Logistics Group Limited(SLGL)	14.83 ▲ 1.35 (10.01%)
Engro Powergen / Apr 14 Engro Powergen Qadirpur Limited(EPQL)	35.27 ▲ 3.21 (10.01%)
Dandot Cement / Apr 14 Dandot Cement Company Limited(DNCC)	15.29 ▲ 1.39 (10%)
Bawany Air Products / Apr 14 Bawany Air Products Limited(BAPL)	31.80 ▲ 2.89 (10%)
J.K.Spinning / Apr 14 J.K. Spinning Mills Limited(JKSM)	64.35 ▲ 5.85 (10%)
PIA Holding Co.B / Apr 14 PIA Holding Company Limited B(PIAHCLB)	1,462.40 ▲ 132.95 (10%)
Frontier Ceram / Apr 14 Frontier Ceramics Limited(FRCL)	27.50 ▲ 2.5 (10%)

Stock	Price
Habib Ins. / Apr 14 Habib Insurance Company Limited(HICL)	7.95 ▼ -1.26 (-13.68%)
Oilboy Energy(R) / Apr 14 Oilboy Energy Limited(R)(OBOYR2)	1.62 ▼ -0.24 (-12.9%)
Fateh Ind. / Apr 14 Fateh Industries Limited(FIL)	119.56 ▼ -13.27 (-9.99%)
Sindh Abadgar / Apr 14 Sindh Abadgar's Sugar Mills Limited(SASML)	52.50 ▼ -5.83 (-9.99%)
TPL Life Insur. / Apr 14 TPL Life Insurance Limited(TPLL)	49.35 ▼ -5.46 (-9.96%)
Hafiz Ltd. / Apr 14 Hafiz Limited(HAFL)	255 ▼ -26.68 (-9.47%)
Baba Farid Sugar / Apr 14 Baba Farid Sugar Mills Limited(BAFS)	53 ▼ -5.43 (-9.29%)
Mughal Energy / Apr 14 Mughal Energy Limited(GEM)(GEMMEL)	20 ▼ -2.02 (-9.17%)
First Elite Cap.Mod / Apr 14 First Elite Capital Modaraba(FECM)	16 ▼ -1.59 (-9.04%)
Shahzad Tex. / Apr 14 Shahzad Textile Mills Limited(SZTM)	27.26 ▼ -2.61 (-8.74%)

Stock	Volume
Cnergyico PK / Apr 14 Cnergyico PK Limited(CNERGY)	54,444,707 ▲ 0.23
Pak Int.Bulk / Apr 14 Pakistan International Bulk Terminal(PIBTL)	45,023,605 ▲ 0.5
Pak Elektron / Apr 14 Pak Elektron Limited(PAEL)	40,742,036 ▼ -0.01
Sui South Gas / Apr 14 Sui Southern Gas Company Limited(SSGC)	38,084,018 ▲ 2.37
B.O.Punjab / Apr 14 The Bank of Punjab(BOP)	33,174,212 ▲ 0.16
Citi Pharma Ltd / Apr 14 Citi Pharma Limited(CPHL)	25,349,324 ▲ 1.66
WorldCall Telecom / Apr 14 Worldcall Telecom Limited(WTL)	15,776,896 ▲ 0.02
Power Cement / Apr 14 Power Cement Limited(POWER)	14,852,543 ▼ -0.08
Dewan Cement / Apr 14 Dewan Cement Limited(DCL)	14,486,660 ▲ 0.86
K-Electric Ltd. / Apr 14 K-Electric Limited(KEL)	13,484,387 ▼ -0.04

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From crisis to clean energy: Pakistan emerges as top solar market in 2024

From crisis to clean energy: Pakistan emerges as top solar market in 2024

Gold price per tola gains further Rs1,800 to continue record run in Pakistan

Gold price per tola gains further Rs1,800 to continue record run in Pakistan