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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-02-14
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
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
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
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
Thousands protest in Burundi against Rwandan 'aggression'

Thousands protest in Burundi against Rwandan 'aggression'

Thousands of people took to the streets of Burundi's capital Bujumbura Saturday to condemn what the country's embattled government calls neighbouring Rwanda's meddling in its affairs. Around 4,000 people rallied to the government's call to demonstrate ove
Published 14 Feb, 2016 12:00am
Hungarians protest state's grip on education

Hungarians protest state's grip on education

Thousands of Hungarians angry at the state's tight grip on public education rallied Saturday in Budapest, in one of the biggest street protests against Prime Minister Viktor Orban in recent years. Soon after coming to power in 2010, his rightwing governme
Published 14 Feb, 2016 12:00am
Palestinians plan satellite TV sports channel: founder

Palestinians plan satellite TV sports channel: founder

A new Palestinian satellite sports channel is to carry out a pilot transmission on Wednesday, with plans to start regular broadcasts in the summer, one of its founders said Saturday. Wael Romana, director of the Palestinian Sport Channel, told AFP it woul
Published 14 Feb, 2016 12:00am
Iraq's Sadr calls for technocratic government, swift reform

Iraq's Sadr calls for technocratic government, swift reform

Powerful Iraqi Shia Muslim cleric Moqtada al-Sadr said on Saturday the country needed a technocratic government, threatening to quit politics if Prime Minister Haider al-Abadi failed to carry out promised reforms. The remarks by Sadr, whose Al-Ahrar bloc
Published 14 Feb, 2016 12:00am
US commander sees al Qaeda Africa group strengthening

US commander sees al Qaeda Africa group strengthening

Two high-profile strikes in West Africa since November by al Qaeda in the Islamic Maghreb (AQIM) could further strengthen the Islamist militant group, a US commander for North and West Africa said. AQIM, a militant group that emerged from the Algerian civ
Published 14 Feb, 2016 12:00am
US general bullish on Afghanistan as he confirms retirement

US general bullish on Afghanistan as he confirms retirement

The top US and Nato commander in Afghanistan was bullish on the country's future despite concerns over peace talks, as he confirmed his looming retirement at a press conference in Kabul Saturday. General John Campbell voiced confidence about the future of
Published 14 Feb, 2016 12:00am
Pakistani-born Dr Nergis part of team that detected gravitational waves

Pakistani-born Dr Nergis part of team that detected gravitational waves

Pakistani-born astrophysicist Dr Nergis Mavalvala was part of team of efficient scientists, who verified Albert Einstein's 1915 general theory of relativity. Dr Nargis, in an interview to an American newspaper, stated that the technology has been advanced
Published 14 Feb, 2016 12:00am
Herbal Research Institute inaugurated at KMU Peshawar

Herbal Research Institute inaugurated at KMU Peshawar

A modern Herbal Research Institute inaugurated at Khyber Medical University (KMU) Peshawar, aiming at to promote research on herbal plants, besides ensuring better healthcare. ANP senior leader and former Senator Muhammad Adeel along with Vice Chancellor
Published 14 Feb, 2016 12:00am
Ehtesab Commission not barred from making arrests: Khattak

Ehtesab Commission not barred from making arrests: Khattak

Khyber Pakhtunkhwa Chief Minister Pervaiz Khattak said here on Saturday that the provincial government had not barred the Ehtisab Commission from arresting anyone and the purpose of amending the law was to inform the assembly after arrest. Speaking at a n
Published 14 Feb, 2016 12:00am
Two more fall prey to swine flu

Two more fall prey to swine flu

Swine flu is rapidly spreading in Karachi as two more patients died due to the disease on Saturday. Keeping in view the alarming situation, the health ministry stated that awareness campaign would be soon launched to combat the disease. The ministry has f
Published 14 Feb, 2016 12:00am
Academic Council: SU announces election schedule

Academic Council: SU announces election schedule

University of Sindh has announced the election schedule for the seats of Principals and Teachers of affiliated colleges of the Academic Council. According to notification issued by Registrar, the election for membership for the academic council would be h
Published 14 Feb, 2016 12:00am
Plot to blow up school in Bagh foiled

Plot to blow up school in Bagh foiled

The law enforcement agencies on Saturday foiled a bid to blow up a private school in Qandeel Colony, Bagh district of Azad Kashmir by defusing two home-made bombs which were planted in classrooms. The two bombs were spotted by students, and law enforcemen
Published 14 Feb, 2016 12:00am
No juvenile convict executed after lifting of moratorium: expert

No juvenile convict executed after lifting of moratorium: expert

Legal consultant on Child Rights for Ministry of Human Rights, Sharafat A. Chaudhry, said on Saturday that after lifting of moratorium on death penalty Pakistan has not executed any juvenile convict. Talking to Business Recorder, he said that Pakis
Published 14 Feb, 2016 12:00am
SZABIST likely to get Larkana's Youth Centre

SZABIST likely to get Larkana's Youth Centre

The Sindh government is planning to hand over Youth Center, constructed in the Khuhra Sports Complex here at the cost of Rs 50 million, to a private commercial organisation, Shaheed Zulfiqar Ali Bhutto Institute of Science & Technology (SZABIST). Accordin
Published 14 Feb, 2016 12:00am
A new political party launched

A new political party launched

A new political party named as Pakistan Freedom Movement (PFM) was launched here on Saturday. Announcing this at a news conference, PFM's chairman Haroon Khawaja said that his party would initially focus its attention on 14 key areas to put the country on
Published 14 Feb, 2016 12:00am
Capital police doing not much against rising crime rate

Capital police doing not much against rising crime rate

The incidents of robberies and dacoities by the armed intruders in the federal Capital registered an increase during past week despite hollow claims of police regarding strict security arrangements for controlling crimes. According to data gathered by
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
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
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
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
Senior journalist Raja Asghar passes away

Senior journalist Raja Asghar passes away

Raja Muhammad Asghar of Dawn Islamabad died in Islamabad early in the morning due to cancer. Raja Sahib remained associated with journalism for over 50 years. He worked with APP, Reuters and Dawn where he was senior Parliamentary correspondent. His body w
Published 14 Feb, 2016 12:00am
National holiday: Ombudsman's office summons complainant

National holiday: Ombudsman's office summons complainant

Federal Ombudsman Secretariat for 'Protection against Harassment of Women at Workplace' Islamabad has summoned a complainant in a matter on a national holiday (February 05, 2016).Farhat Qudsee, Head of Department, Pak Korean Garments Technology Institute
Published 14 Feb, 2016 12:00am
Zero-rated ST regime: PM's step to help promote country's exports

Zero-rated ST regime: PM's step to help promote country's exports

The Lahore Chamber of Commerce and Industry on Saturday welcomed Prime Minister Nawaz Sharif's initiative of zero-rated sales tax regime for export sector to facilitate export-oriented sectors. The LCCI office-bearers; President Sheikh Mohammad Arshad, Se
Published 14 Feb, 2016 12:00am
Romanian envoy keen to cement ties with Pakistan
Exchange

Romanian envoy keen to cement ties with Pakistan

The Romanian ambassador says his country is willing to cement business, educational and cultural relations with Pakistan. Diplomat Emilian Ion talking to Lahore Chamber Senior Vice President Almas Hyder on Saturday said, "Pakistan is a resourceful country
Published 14 Feb, 2016 12:00am
US CG calls on Punjab chief minister

US CG calls on Punjab chief minister

American Consul General Zachary Harkenrider called on Punjab Chief Minister Shahbaz Sharif, here on Saturday and discussed matters of mutual interest, promotion of bilateral relations and enhancing co-operation in various sectors particularly energy. Spea
Published 14 Feb, 2016 12:00am
DSP team briefs KP minister about unhygienic farming system

DSP team briefs KP minister about unhygienic farming system

A meeting was reviewed the progress regarding new project on academic support to the livestock industry under the Dairy Science Park, the Agriculture University Peshawar. In this regard, a delegation of Dairy Science Park (DSP), held a meeting with the Kh
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
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
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
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
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
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
'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
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
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
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
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
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
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
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
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
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
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
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
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
'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
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
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
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
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
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
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 ($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
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
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
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