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Nov 02, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-03-02
South Korean firms say lost $663 million due to Kaesong closure

South Korean firms say lost $663 million due to Kaesong closure

South Korean firms which once operated factories in a now-shuttered joint economic zone in North Korea pleaded Monday for urgent help from Seoul, saying they had lost more than $663 million. The South on February 10 announced the pullout from the Seoul-fu
Published 02 Mar, 2016 12:00am
Honeywell drops bid for United Technologies

Honeywell drops bid for United Technologies

US industrial giant Honeywell said Tuesday it had abandoned its $90 billion bid to acquire United Technologies "due to their unwillingness to engage in negotiations." United Technologies rejected Honeywell's offer twice last week, saying it would face ant
Published 02 Mar, 2016 12:00am
Dubai says it will build world's biggest wholesale hub

Dubai says it will build world's biggest wholesale hub

The Gulf emirate of Dubai on Tuesday launched a project to build a 30-billion-dirham ($8.2-billion) city that would be the world's largest wholesale hub. Dubai Wholesale City will cover more than 550 million square feet (49.5 million square metres) and be
Published 02 Mar, 2016 12:00am
Bangladesh forex reserves hit record $28 billion
Exchange

Bangladesh forex reserves hit record $28 billion

Bangladesh's foreign exchange reserves hit a record $28.06 billion at the end of February, the central bank said on Tuesday, fuelled by steady exports and lower import costs due to falling global commodities prices. The reserves, sufficient to cover seven
Published 02 Mar, 2016 12:00am
Iran upped oil exports by 30 percent last month: minister

Iran upped oil exports by 30 percent last month: minister

Iran boosted oil exports by 30 percent last month, Oil Minister Bijan Zangeneh said, after Tehran dismissed an output freeze despite historic low prices. Zangeneh told the Shana news agency that exports increased to 1.75 million barrels per day during the
Published 02 Mar, 2016 12:00am
Australia holds interest rates at record low

Australia holds interest rates at record low

Australia's central bank Tuesday held interest rates at the historic low of 2.0 percent, but said continued low inflation would provide scope for further easing to stimulate the economy. For the ninth straight meeting, the Reserve Bank of Australia (RBA)
Published 02 Mar, 2016 12:00am
Russian oil groups agree to freeze output: Putin

Russian oil groups agree to freeze output: Putin

Russian oil groups have agreed to freeze production levels as proposed last month by Moscow and Saudi Arabia to curb a near-record slump in prices, President Vladimir Putin said Tuesday. Opening a meeting with oil group chiefs, he said Energy Minister Ale
Published 02 Mar, 2016 12:00am
German unemployment falls but demand for labour slows

German unemployment falls but demand for labour slows

German unemployment fell in February but demand for labour is slowing and focused on services as the economy enjoys "moderate economic growth", the Federal Labour Office said on Tuesday. Seasonally adjusted unemployment fell by 10,000 to 2.723 million, th
Published 02 Mar, 2016 12:00am
Turkish Airlines annual profit tops $1 billion for first time
Currency

Turkish Airlines annual profit tops $1 billion for first time

Turkey's flag carrier Turkish Airlines on Tuesday said its full-year net profits topped $1 billion for the first time in its history as the fast-growing airline battled to overcome the crises hitting its region. Turkish Airlines said it posted $1.069 bill
Published 02 Mar, 2016 12:00am
Turkish Airlines annual profit tops $1 billion for first time
Currency

Turkish Airlines annual profit tops $1 billion for first time

Turkey's flag carrier Turkish Airlines on Tuesday said its full-year net profits topped $1 billion for the first time in its history as the fast-growing airline battled to overcome the crises hitting its region. Turkish Airlines said it posted $1.069 bill
Published 02 Mar, 2016 12:00am
Barclays to exit Africa in 'transatlantic' makeover

Barclays to exit Africa in 'transatlantic' makeover

Barclays Plc will sell its Africa business as part of a plan by new Chief Executive Jes Staley to simplify the bank's structure and seek higher shareholder returns, it said after reporting a 2 percent profit drop and slashing its dividend.
Published 02 Mar, 2016 12:00am
Factory activity slows world-wide in February despite price discounting

Factory activity slows world-wide in February despite price discounting

World manufacturing sector growth stagnated in February as falling prices failed to stimulate new orders, pushing factories to trim workforces, and dealing a blow to policymakers who are struggling to stimulate their economies. Manufacturing output across
Published 02 Mar, 2016 12:00am
Gulf stocks rise, Egypt index weakens on rate fears
Exchange

Gulf stocks rise, Egypt index weakens on rate fears

Stock markets in the Gulf rose on Tuesday after oil prices firmed above $36 a barrel, while Egyptian stocks slid in feeble volume as investors worried about a possible interest rate hike. The Saudi index advanced 1.5 percent to 6,181 points, breaking tech
Published 02 Mar, 2016 12:00am
Indian stocks post best gain in over two years
Currency

Indian stocks post best gain in over two years

Indian shares jumped 3.4 percent on Tuesday to post their best single-day gain in more than two years as gains throughout Asia and relief about the government's commitment to its fiscal deficit target for the next fiscal year boosted sentiment. The broade
Published 02 Mar, 2016 12:00am
Tuesday's early trade: stocks surge as data points to economic recovery

Tuesday's early trade: stocks surge as data points to economic recovery

Wall Street were at session highs on Tuesday morning, led by financial and technology stocks, after strong US factory and construction data suggested the economy was regaining momentum after slowing in the fourth quarter. While manufacturing activity cont
Published 02 Mar, 2016 12:00am
S&P 500 slides below closely watched threshold
Exchange

S&P 500 slides below closely watched threshold

Wall Street ended lower on Monday, falling out of lockstep with oil prices as energy and healthcare shares lost ground. US indexes gave up early gains despite a 3 percent rally in US oil prices. Stocks and oil have been strongly correlated in recent month
Published 02 Mar, 2016 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks rose on Tuesday taking cues from overseas markets and hovering around levels not seen since early December. The market was shut on Monday for a public holiday. As of 0221 GMT, the main TAIEX index was up 0.6 percent at 8,461.06 points, after
Published 02 Mar, 2016 12:00am
Bond prices gain on weak US data

Bond prices gain on weak US data

US Treasury prices rose on Monday, with long-dated maturities climbing significantly, after weaker-than-expected domestic data reignited the view that the Federal Reserve could slow the pace of interest rate hikes this year, increasing investor interest i
Published 02 Mar, 2016 12:00am
Bond prices gain on weak US data

Bond prices gain on weak US data

US Treasury prices rose on Monday, with long-dated maturities climbing significantly, after weaker-than-expected domestic data reignited the view that the Federal Reserve could slow the pace of interest rate hikes this year, increasing investor interest i
Published 02 Mar, 2016 12:00am
Tokyo stocks edge up
Currency

Tokyo stocks edge up

Tokyo shares edged up by the close Tuesday after China announced fresh stimulus, while NEC's stock plunged on news the information technology giant was cutting its operating profit forecasts. The benchmark Nikkei 225 index had lingered in negative territo
Published 02 Mar, 2016 12:00am
China shares rise on easing move
Exchange

China shares rise on easing move

Chinese shares rose on Tuesday after the central bank's surprise monetary policy easing, shrugging off disappointing manufacturing and service sector surveys that highlighted the wider challenges faced by the world's second-largest economy.
Published 02 Mar, 2016 12:00am
Hong Kong shares up

Hong Kong shares up

Hong Kong shares finished up on Tuesday, tracking China shares that finally rallied in late afternoon following an easing move by the central bank. The Hang Seng index rose 1.6 percent, to 19,407.46, while the China Enterprises Index gained 1.9 percent, t
Published 02 Mar, 2016 12:00am
European shares at one-month high
Exchange

European shares at one-month high

European shares rose on Tuesday, with exchange operator London Stock Exchange (LSE) hitting record highs on speculation of a possible bidding war and auto stocks boosted by continued weakness in the euro. Shares in LSE rose 7.2 percent after US rival ICE
Published 02 Mar, 2016 12:00am
FTSE rises as LSE rally offsets Barclays slump
Exchange

FTSE rises as LSE rally offsets Barclays slump

Britain's top equity index rose on Tuesday as a possible counter-bid lifted shares in the London Stock Exchange, offsetting drops for Barclays, Ashtead and Glencore. The bluechip FTSE 100 index rose 0.9 percent to 6,152.88 points, its highest in about two
Published 02 Mar, 2016 12:00am
Egyptian pound weakens
Exchange

Egyptian pound weakens

The Egyptian pound held steady against the dollar at an official foreign currency auction on Tuesday but weakened significantly on the black market as uncertainty over monetary policy grows. Egypt, which depends heavily on imports, is facing a foreign cur
Published 02 Mar, 2016 12:00am
yen broadly up in Asia
Currency

yen broadly up in Asia

The yen was broadly firmer on Tuesday after soft economic data weighed on the euro and dollar and as lingering nervousness over the health of the global economy favoured the safe-haven Japanese currency.
Published 02 Mar, 2016 12:00am
Yen falls, euro held back by poor data in Europe
Exchange

Yen falls, euro held back by poor data in Europe

The yen fell on Tuesday as rising stock markets increased demand for riskier trades, while expectations of more easing by the European Central Bank following soft euro zone factory data pushed the euro to a one-month low against the dollar. Asian stock ma
Published 02 Mar, 2016 12:00am
Early trade in New York?: Dollar gains against yen, euro
Currency

Early trade in New York?: Dollar gains against yen, euro

The US dollar rebounded against the yen and hit one-month highs against the euro on Tuesday after traders saw the Japanese currency's rally as overextended, while strong US manufacturing data supported views of higher US interest rates. The greenback rose
Published 02 Mar, 2016 12:00am
Yen rises broadly in New York, dollar climbs against euro
Exchange

Yen rises broadly in New York, dollar climbs against euro

The Japanese yen rose broadly on Monday as investors sought safety after a statement from the Group of 20 countries offered no concrete action to address concerns about slow growth and low inflation. The yen has fully retraced Friday's decline and was on
Published 02 Mar, 2016 12:00am
Yuan edges up

Yuan edges up

China's yuan firmed against the dollar on Tuesday even in the wake of more monetary easing and weak manufacturing activity, propped up by stronger guidance from the central bank. The People's Bank of China set the daily midpoint rate at 6.5385 per dollar
Published 02 Mar, 2016 12:00am
Asian forex: Emerging Asian currencies up
Currency

Asian forex: Emerging Asian currencies up

Emerging Asian currencies edged higher on Tuesday, as China's latest monetary easing step helped underpin risky assets and as uncertainty over the pace of further US interest rate hikes tempered the dollar's momentum. China's central bank resumed its easi
Published 02 Mar, 2016 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 78.45-78.45 (previous 78.45-78.45). 02.50-04.50 percent (* previous 02.25-04.50 percent). (* revised).
Published 02 Mar, 2016 12:00am
Sterling struggles near seven-year low against dollar
Currency

Sterling struggles near seven-year low against dollar

Sterling struggled near a seven-year low against the dollar on Tuesday, with data showing the weakest British manufacturing growth in three years contrasting with equivalent US data that supported expectations for higher interest rates. The pound has suff
Published 02 Mar, 2016 12:00am
Sri Lankan rupee forwards decline
Currency

Sri Lankan rupee forwards decline

Sri Lankan rupee forwards ended slightly weaker on Tuesday on importer dollar demand, while dealers expected the currency to remain under pressure due to seasonal importer demand and after a downgrade by Fitch Ratings. One-week rupee forwards, which act a
Published 02 Mar, 2016 12:00am
K-Electric successfully holds cricket contest

K-Electric successfully holds cricket contest

K-Electric (KE) was pleased to announce that the company held its 5th AZM Cricket Tournament at the Moin Khan Academy where different departments competed against each other in this annual KE event.
Published 02 Mar, 2016 12:00am
Three matches to be played as National Open Polo starts

Three matches to be played as National Open Polo starts

Three matches will be played on the opening day of the high-goal National Open Polo Championship 2016 for Quaid-e-Azam Gold Cup here at the Lahore Polo Club (LPC) ground on Wednesday. In the first match of the day, Diamond Paints will play against Master
Published 02 Mar, 2016 12:00am
Ronaldo rant forgiven and forgotten: Zidane

Ronaldo rant forgiven and forgotten: Zidane

Real Madrid boss Zinedine Zidane insists he has put Cristiano Ronaldo's outburst at his own team-mates behind him as he attempts to turnaround a terrible season for the Spanish giants. Madrid sit third in La Liga, 12 points adrift of runaway leaders Barce
Published 02 Mar, 2016 12:00am
All Pakistan Inter-University Athletic Meet begins

All Pakistan Inter-University Athletic Meet begins

All-Pakistan Inter-University Men and Women Athletic Championship carrying more than 1,000 male and female athletes from 50 universities affiliated with Higher Education Commission got under way here at the Tartan Track of the Qayyum Sports Complex on Tue
Published 02 Mar, 2016 12:00am
Hong Kong betting bar on Chinese Super League

Hong Kong betting bar on Chinese Super League

Hong Kong punters will not be able to bet on Chinese Super League matches, the city's Jockey Club said Tuesday, hinting at fears over its "transparency" and "integrity". Football in China has long suffered from endemic corruption, with a history of match
Published 02 Mar, 2016 12:00am
Inzamam backs tainted Asif-Butt duo

Inzamam backs tainted Asif-Butt duo

Former Pakistan captain Inzamam-ul Haq has backed tainted compatriots Mohammad Asif and Salman Butt, saying they should be given a second chance after serving stints in jail for spot fixing. The pair, along with former team-mate Mohammad Aamir, were jaile
Published 02 Mar, 2016 12:00am
Vinci knocked out of Malaysian Open

Vinci knocked out of Malaysian Open

Top seed Roberta Vinci was knocked out of the first round of the Malaysian Open after losing to Taiwan's Kai-Chen Chang 5-7, 6-2, 6-1 on Tuesday. The 33-year-old Italian, ranked 10th in the world and eyeing her second WTA tour title of the season, succumb
Published 02 Mar, 2016 12:00am
ARodriguez fined for police chase

ARodriguez fined for police chase

Real Madrid star James Rodriguez has been fined 10,400 euros ($11,343) for fleeing from police after being caught speeding at 200 kilometres per hour, a government delegate confirmed on Tuesday. The Colombian was followed by police to Madrid's Valdebebas
Published 02 Mar, 2016 12:00am
FCW win TT final

FCW win TT final

Frontier College for Women Peshawar clinched the trophy after defeating Charsadda No. 1 in the final of the Table Tennis event part of the Higher Education Department, KPK Inter-College Girls Games being played here at PSB Hall on Tuesday.
Published 02 Mar, 2016 12:00am
Higuain hits 25th goal to maintain title push in Viola draw

Higuain hits 25th goal to maintain title push in Viola draw

Gonzalo Higuain claimed his 25th Serie A goal of the season as Napoli maintained their title push with a thrilling 1-1 draw at Fiorentina on Monday. Napoli were under the cosh after champions Juventus stretched their lead at the top of the table to four p
Published 02 Mar, 2016 12:00am
Kohli guides India to Asia Cup final

Kohli guides India to Asia Cup final

In-form batsman Virat Kohli made an unbeaten half-century as India eased to a five-wicket win over Sri Lanka to qualify for the Asia Cup final in Dhaka on Tuesday. Kohli, who played a brilliant innings of 49 under pressure against Pakistan on Saturday, hi
Published 02 Mar, 2016 12:00am
Egyptian man beheaded, teenage son shot dead in Sinai

Egyptian man beheaded, teenage son shot dead in Sinai

An Egyptian man has been beheaded and his teenage son shot dead in the Sinai, officials said Tuesday of the peninsula where Islamic State group jihadists are spearheading an insurgency. The man and his 17-year-old son were killed late Monday in the North
Published 02 Mar, 2016 12:00am
Nobel Peace Prize nominations skyrocket

Nobel Peace Prize nominations skyrocket

A record 376 nominations have been submitted for this year's Nobel Peace Prize, the Nobel Institute said Tuesday, a secret list believed to include such diverse figures as Donald Trump, Edward Snowden and the pope. The previous record dated back to 2014 w
Published 02 Mar, 2016 12:00am
Overhaul of UK surveillance laws sparks privacy row

Overhaul of UK surveillance laws sparks privacy row

Britain's security services and police would have their right to trawl in bulk for online data boosted under a proposed new law to recast surveillance powers published Tuesday. The new Investigatory Powers Bill would require websites to keep Internet conn
Published 02 Mar, 2016 12:00am
Zuma easily wins no-confidence vote

Zuma easily wins no-confidence vote

Beleaguered South African President Jacob Zuma easily survived a no-confidence motion in parliament Tuesday after a heated attack on his "reckless" handling of the economy. Zuma's African National Congress party's overwhelming majority saw the no-confiden
Published 02 Mar, 2016 12:00am
Peugeot Citroen reveals 'real-world' fuel consumption

Peugeot Citroen reveals 'real-world' fuel consumption

Leading French automobile manufacturer PSA Peugeot Citroen published Tuesday "real-world" fuel consumption figures for three of its diesel cars, seeking to win over wary customers after the Volkswagen pollution cheating scandal. Peugeot Citroen said the i
Published 02 Mar, 2016 12:00am
Israeli teens charged after racist attack on Arabs

Israeli teens charged after racist attack on Arabs

Israeli prosecutors pressed charges Tuesday against four 17-year-old Jews suspected of a "racially motivated" assault on two Arab men in the coastal city of Netanya, the justice ministry said. A ministry statement said the four had been drinking alcohol a
Published 02 Mar, 2016 12:00am
Lost Israel troops stray into camp, sparking bloody clashes

Lost Israel troops stray into camp, sparking bloody clashes

Two Israeli soldiers using a traffic app to find their way mistakenly entered a refugee camp in the occupied West Bank overnight, sparking clashes that killed one Palestinian and wounded 15 people, officials said Tuesday. The two soldiers travelling in a
Published 02 Mar, 2016 12:00am
India police charge ex-UN climate chief with sexual harassment

India police charge ex-UN climate chief with sexual harassment

Indian police said Tuesday they had charged the former head of the UN climate change panel Rajendra Pachauri with sexual harassment, following a complaint by an ex-colleague at an environmental think-tank. Police brought the charges against Pachauri in a
Published 02 Mar, 2016 12:00am
Bangladesh frees French aid worker

Bangladesh frees French aid worker

Bangladesh on Tuesday released a French aid worker, an official said, months after he was arrested in the country's south-eastern resort district of Cox's Bazar for allegedly helping Myanmar's Rohingya refugees. Police arrested Moussa Tchantchuing, also k
Published 02 Mar, 2016 12:00am
France razes migrant camp as Greece seeks EU aid

France razes migrant camp as Greece seeks EU aid

Demolition workers tore down more makeshift shelters in France's grim "Jungle" migrant camp Tuesday, as Greece pleaded for EU aid to help shelter thousands of refugees stuck in misery at its border. In the northern French port city of Calais, tensions wer
Published 02 Mar, 2016 12:00am
Celebrities sign petition to let Assange free

Celebrities sign petition to let Assange free

Chinese dissident artist Ai Weiwei, US filmmaker Oliver Stone and British fashion designer Vivienne Westwood on Tuesday called for WikiLeaks founder Julian Assange to be allowed to walk free. The celebrities were among 500 signatories of a petition to Bri
Published 02 Mar, 2016 12:00am
Assad vows to 'do our part' so shaky Syria ceasefire holds

Assad vows to 'do our part' so shaky Syria ceasefire holds

Syrian President Bashar al-Assad pledged on Tuesday to do his part to guarantee the success of a shaky ceasefire that was largely holding into its fourth day. World powers have thrown their weight behind the landmark truce as a way to bring an end to Syri
Published 02 Mar, 2016 12:00am
Major powers team up to tell China of concerns over new laws

Major powers team up to tell China of concerns over new laws

The United States, Canada, Germany, Japan and the European Union have written to China to express concern over three new or planned laws, including one on counterterrorism, in a rare joint bid to pressure Beijing into taking their objections seriously.
Published 02 Mar, 2016 12:00am
Italy announces record haul from crackdown

Italy announces record haul from crackdown

Italy recovered a record 14.9 billion euros in unpaid tax in 2015, helped by a new "no questions asked" appeal to suspected dodgers to put their affairs in order. The national tax agency said Tuesday the total raised from anti-evasion activities was up fr
Published 02 Mar, 2016 12:00am
Racism 'commonplace' in France: Council of Europe

Racism 'commonplace' in France: Council of Europe

Racist speech has become "commonplace" in France including amongst some politicians, the Council of Europe said Tuesday, raising concerns over the growth of racist, anti-Semitic and Islamophobic violence. "Hate speech, by becoming commonplace in the publi
Published 02 Mar, 2016 12:00am
Census of foreigners in Burundi sparks fears

Census of foreigners in Burundi sparks fears

Burundi launched a drive Tuesday to register all foreigners, sparking fears among overseas nationals that the scheme could be a pretext for government surveillance. All non-Burundians in the crisis-hit country will be required to report to border police o
Published 02 Mar, 2016 12:00am
Malian jihadist accused of war crimes for Timbuktu attack

Malian jihadist accused of war crimes for Timbuktu attack

Prosecutors at the International Criminal Court on Tuesday accused a Malian jihadist of a war crime by unleashing "a callous assault" on the centuries-old world heritage site of Timbuktu. "We must stand up to the destruction and defacing of our common her
Published 02 Mar, 2016 12:00am
Socialist chief faces hostile lawmakers in bid to lead Spain

Socialist chief faces hostile lawmakers in bid to lead Spain

Spain's Socialist chief Pedro Sanchez ventured into hostile parliamentary territory Tuesday to plead with lawmakers to vote him through as prime minister and allow the country to finally get a government, knowing his chances are slim. The parliamentary se
Published 02 Mar, 2016 12:00am
Gunman wounds Saudi preacher in Philippines

Gunman wounds Saudi preacher in Philippines

An influential Saudi Arabian preacher was shot and wounded in a southern Philippine city on Tuesday, police said, adding security forces killed the gunman. Sheikh Aaidh al-Qarni was in hospital following the shooting in Zamboanga city but did not have lif
Published 02 Mar, 2016 12:00am
IS suicide bombers penetrate Iraq army HQ, kill general

IS suicide bombers penetrate Iraq army HQ, kill general

Four Islamic State group suicide bombers infiltrated an army headquarters west of Baghdad, killing an Iraqi general and five other soldiers, army and police officers said on Tuesday. The bombers attacked a regimental headquarters in the Haditha area of An
Published 02 Mar, 2016 12:00am
Prisoner's acquittal: LHC seeks explanation

Prisoner's acquittal: LHC seeks explanation

The Lahore High Court (LHC) is expecting by March 15 from the Punjab Prisons Inspector General (PIG) to explain as to why a prisoner was kept behind the bars even after his acquittal by the superior court. The petitioner, who is a prisoner named Mahboob A
Published 02 Mar, 2016 12:00am
Speakers for promotion of intra-party democracy

Speakers for promotion of intra-party democracy

In a Roundtable Conference organised by PILDAT on Internal Democracy of Political Parties of Pakistan, experts gathered together to stress upon the need for promotion of intra-party democracy in Pakistan. The Roundtable Conference took place in the backdr
Published 02 Mar, 2016 12:00am
CoAS discusses security issues with Tajik President

CoAS discusses security issues with Tajik President

Chief of Army Staff (CoAS) General Raheel Sharif during a daylong official visit to Tajikistan on Tuesday called on Tajik President Emomali Rahmon and discussed with him security related issues. Inter Services Public Relations (ISPR) said that during meet
Published 02 Mar, 2016 12:00am
Telenor Companion Watch now on sale

Telenor Companion Watch now on sale

Telenor Companion Watch - a communication gadget that enables parents to stay in touch and keep track of their children when they are not with them, is now available for purchase off the shelf. It was showcased for the first time in November 2015 at the I
Published 02 Mar, 2016 12:00am
POL products prices MCCI hails reduction

POL products prices MCCI hails reduction

Multan Chamber of Commerce and Industry (MCCI) has hailed the substantial reduction in the prices of petroleum products describing it a wise step. MCCI President Fareed Mughis A Sheikh said it was a good decision of Prime Minister Nawaz Sharif reducing pr
Published 02 Mar, 2016 12:00am
OPPL completes acquisition of BHPL

OPPL completes acquisition of BHPL

Orient Petroleum Private Limited (OPPL), a subsidiary of Hashoo Group, one of the leading investor in Pakistan's oil/gas exploration and production sector has completed acquisition of BHPL, a part of the BHP Billiton group.
Published 02 Mar, 2016 12:00am
Ibrahim Fibres Limited
Cotton

Ibrahim Fibres Limited

About the company: The leading player in synthetic textiles, Ibrahim Fibres Limited (PSX:IBFL) is one of the largest producers of polyester in the country. With nearly Rs17 billion in market capitalisation, the company takes its place in the KSE100
Published 02 Mar, 2016 12:00am
Ibrahim Fibres Limited
Cotton

Ibrahim Fibres Limited

About the company: The leading player in synthetic textiles, Ibrahim Fibres Limited (PSX:IBFL) is one of the largest producers of polyester in the country. With nearly Rs17 billion in market capitalisation, the company takes its place in the KSE100
Published 02 Mar, 2016 12:00am
Jamadi-us-Sani moon sighting on March 9

Jamadi-us-Sani moon sighting on March 9

The meeting of the Zonal/District Ruet-e-Hilal Committees would be held on March 9, 2016 (29, Jamadi-ul-Awwal, 1437, Hijri) for sighting the crescent of Jamadi-us-Sani 1437 AH at their respective headquarters. Chairman Central Ruet-e-Hilal Committee Mufti
Published 02 Mar, 2016 12:00am
Enhanced blackouts by KE: PPP urges NAB, FIA to investigate

Enhanced blackouts by KE: PPP urges NAB, FIA to investigate

Pakistan People's Party (PPP) Karachi Division President Najmi Alam, General Secretary Nadeem Bhutto, Information Secretary Lateef Mughal and Deputy Information Secretary Manzoor Abbas have strongly condemned the K-Electric for increasing the spells of bl
Published 02 Mar, 2016 12:00am
Sindh decides to restore BSF to prevent terrorists' infiltration

Sindh decides to restore BSF to prevent terrorists' infiltration

Sindh Minister for Home, Prisons, and Anti-Corruption Suhail Anwar Siyal said on Tuesday that Sindh government decided to restore border security force to ensure that terrorists could not enter from inter-provincial borders. "Sindh Government decided to r
Published 02 Mar, 2016 12:00am
NAB re-arrests former DG FDMA, brother

NAB re-arrests former DG FDMA, brother

National Accountability Bureau (NAB), KP has re-arrested accused Arshad Khan, ex-Director General FATA Disaster Management Authority (FDMA) and his brother Dr Muhammad Arif, who is also his front man, allegedly involved in accumulation of illegal assets w
Published 02 Mar, 2016 12:00am
Japan holds talks on revival of KCR project

Japan holds talks on revival of KCR project

The Japanese government has held talks with officials of Sindh provincial government for the revival of Karachi Circular Railway (KCR) project to address transport problems of people in Karachi. "We visited Karachi last week and held talks with the Sindh
Published 02 Mar, 2016 12:00am
Refunds of up to Rs 5 million amounts to be released by March 15

Refunds of up to Rs 5 million amounts to be released by March 15

The Federal Board of Revenue (FBR) will release all pending tax refunds up to Rs5 million by March 15, 2016, a top official said Tuesday. Talking to media after formal inauguration of Large Taxpayers Unit (LTU)-II at RTO Building, FBR Chairman Nisar Muham
Published 02 Mar, 2016 12:00am
Inov8 Limited, Bookme.pk sign deal

Inov8 Limited, Bookme.pk sign deal

Inov8 Limited, the region's premier digital payments company, sign a landmark deal to fuel mobile commerce in the country with Bookme.pk, Pakistan's first online booking platform for movies, events and bus services. The integration will allow Inov8's cust
Published 02 Mar, 2016 12:00am
PQFTL wins 'Best Takaful Company of Pakistan' award

PQFTL wins 'Best Takaful Company of Pakistan' award

Pak-Qatar Family Takaful Ltd (PQFTL) has won the 'Best Takaful Company - Pakistan' award at the International Takaful Summit 2016. The "Takaful event of the year" was recently held in London, along with an awards ceremony, to recognise the achievements of
Published 02 Mar, 2016 12:00am
PQFTL wins 'Best Takaful Company of Pakistan' award

PQFTL wins 'Best Takaful Company of Pakistan' award

Pak-Qatar Family Takaful Ltd (PQFTL) has won the 'Best Takaful Company - Pakistan' award at the International Takaful Summit 2016. The "Takaful event of the year" was recently held in London, along with an awards ceremony, to recognise the achievements of
Published 02 Mar, 2016 12:00am
Milk price raised by Rs 6 per liter in Karachi

Milk price raised by Rs 6 per liter in Karachi

Dairy Farm Association has decided to increase milk price by rupees 6 per liter in Karachi violating the government's order to sell milk at Rs.70 per liter. Interestingly, they were already selling the milk at higher price that was Rs.84 per liter and now
Published 02 Mar, 2016 12:00am
KE signs $8 million agreement to upgrade network

KE signs $8 million agreement to upgrade network

In order to upgrade its existing network K-Electric has entered into an agreement worth $8 million with LS Network and LS Cable and System Consortium from Korea. According to a KE press release as per this agreement, a new Double Circuit 220 KV Transmissi
Published 02 Mar, 2016 12:00am
Research journals: KU VC for maintaining high standard

Research journals: KU VC for maintaining high standard

Vice-Chancellor Karachi University Prof. Dr. Muhammad Qaiser said that fields of Medical Science and Information Technology had experienced enormous and revolutionary developments which were unpredictable 50 years ago. "The world has been transformed into
Published 02 Mar, 2016 12:00am
Discussion held

Discussion held

Experts at a meeting at the University of Veterinary and Animal Sciences in Lahore have talked about "strategies to manage mineral imbalances in livestock" for future growth strategy of the livestock sector. Vice-Chancellor Professor Doctor Talat Naseer P
Published 02 Mar, 2016 12:00am
DoST KP, MES sign MoU

DoST KP, MES sign MoU

Directorate of Science and Technology (DoST), Khyber Pakhtunkhwa and Military Engineering Services (MES), Peshawar signed a Memorandum of Understanding (MoU) for Transfer and Implementation of Electro-Cure Project to monitor electricity transformers and l
Published 02 Mar, 2016 12:00am
Sherpao criticises postponement of census

Sherpao criticises postponement of census

Qaumi Watan Party (QWP) chairman, Aftab Ahmad Khan Sherpao has voiced concern over the postponement of national census in the country, saying that it is constitutionally obligation to conduct the census after every ten years, and further delaying tactics
Published 02 Mar, 2016 12:00am
ECP refuses PTI access to its data server

ECP refuses PTI access to its data server

The Election Commission of Pakistan (ECP) has informed the Supreme Court that it is unable to provide access to the data server to the Pakistan Tehreek-e-Insaf (PTI) for preparing credible voter lists for its upcoming Intra-Party Elections (IPEs).
Published 02 Mar, 2016 12:00am
Shahbaz highlights importance of Civil Defence Day

Shahbaz highlights importance of Civil Defence Day

Punjab Chief Minister Muhammad Shahbaz Sharif in his message on International Civil Defence Day has said that civil defence activities enable the citizens to take care of themselves in the time of natural calamities. He said that the purpose of observing
Published 02 Mar, 2016 12:00am
'Filers can lodge complaints with FTO against tax officials'

'Filers can lodge complaints with FTO against tax officials'

Advisor Federal Tax Ombudsman Karachi Region, Manzoor Hussain Qureshi has said that the tax filers can lodge complaints with Federal Tax Ombudsman (FTO) against tax officials over violating rules of income tax, sales tax, custom duty, federal excise duty
Published 02 Mar, 2016 12:00am
Government to ensure return of TDPs with honour, respect: Prime Minister

Government to ensure return of TDPs with honour, respect: Prime Minister

Prime Minister Muhammad Nawaz Sharif on Tuesday said the government would ensure return of Temporarily Displaced Persons to their native areas with honour and respect. He was talking to Iqbal Zafar Jhagra, designated Governor KPK who called on him here at
Published 02 Mar, 2016 12:00am
First Digital CME programme launched

First Digital CME programme launched

The University of Health Sciences has launched Pakistan's first digital continuing medical education (Digital CME) programme for the capacity building of healthcare professionals. The programme will provide highest quality of online education with engagin
Published 02 Mar, 2016 12:00am
Governor Punjab visits OICCI

Governor Punjab visits OICCI

Governor Punjab Malik M Rafique Rajwana has assured OICCI to take up the issue of tax refunds with relevant authorities declaring it the main issue that affects the liquidity of businesses. Terming the positive sentiments of the OICCI members in the surve
Published 02 Mar, 2016 12:00am
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