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Print - 2016-03-08
Europe launches new fast approval scheme for promising drugs

Europe launches new fast approval scheme for promising drugs

European regulators launched a new scheme on Monday to speed the approval of promising new drugs that address unmet medical needs by offering enhanced support to medicine developers as they work on clinical trials. The European Medicines Agency's (EMA) in
Published 08 Mar, 2016 12:00am
Japan faces risks to growth projection: Moody's

Japan faces risks to growth projection: Moody's

Japan faces downside risks to growth this year that could make it even harder for it to reach its fiscal consolidation goals, an analyst at ratings agency Moody's Investors Service said on Monday. "The growth outlook is one concern that we've always looke
Published 08 Mar, 2016 12:00am
Japan faces risks to growth projection: Moody's

Japan faces risks to growth projection: Moody's

Japan faces downside risks to growth this year that could make it even harder for it to reach its fiscal consolidation goals, an analyst at ratings agency Moody's Investors Service said on Monday. "The growth outlook is one concern that we've always looke
Published 08 Mar, 2016 12:00am
German factory orders slip in January

German factory orders slip in January

German industrial orders, a key measure of demand for goods in Europe's top economy, declined in January, weighed down by falling demand at home and in non-eurozone countries, the economy ministry said on Monday. Provisional official data showed a decreas
Published 08 Mar, 2016 12:00am
Egypt to work with FAO on wheat ergot legislation

Egypt to work with FAO on wheat ergot legislation

Egypt will work with the United Nations Food and Agriculture Organisation (FAO) on the country's wheat ergot policy, the agriculture ministry said on Monday, one day after the head of Egypt's agriculture quarantine authority was replaced. The ministry sai
Published 08 Mar, 2016 12:00am
New York announces record 4.29 million jobs

New York announces record 4.29 million jobs

New York announced Monday that the city's employment figures had risen to a record 4.29 million jobs with 249,000 jobs added since progressive Democrat Bill de Blasio became mayor two years ago. The city's unemployment rate has fallen nearly three percent
Published 08 Mar, 2016 12:00am
Wall Street bonuses tumble; job cuts on horizon
Exchange

Wall Street bonuses tumble; job cuts on horizon

Wall Street bonuses for 2015 slumped to a three-year low as volatility in financial markets eroded profits, the New York state comptroller said in a report that also warned of weaker profits and job cuts for the industry this year. The average Wall Street
Published 08 Mar, 2016 12:00am
Most Gulf markets lose steam, Egypt rises

Most Gulf markets lose steam, Egypt rises

Most stock markets in the Gulf lost steam on Monday after strong rises on the previous day due to climbing oil prices, but active trading volumes indicated investor sentiment remained positive. Egypt rose moderately in line with firm global bourses. The S
Published 08 Mar, 2016 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks fell after snapping early gains on caution ahead of key trade data due after market closes on Monday. Taiwan is due to issue its trade data for February, with exports seen tumbling for the 13th month in a row, hurting the weak trade-reliant
Published 08 Mar, 2016 12:00am
Tokyo stocks fall on profit-taking, stronger yen

Tokyo stocks fall on profit-taking, stronger yen

Tokyo stocks fell on Monday, slipping for the first session in five as a stronger yen weighed on exporters and investors turned to profit-taking following recent gains. The retreat came despite an upbeat mood on most regional trading floors following a st
Published 08 Mar, 2016 12:00am
US value stocks look 'inexpensive': BlackRock strategist

US value stocks look 'inexpensive': BlackRock strategist

Shares of US companies with the strongest balance sheets look "inexpensive" and may be set to out-perform more speculative bets on growth stocks, according to BlackRock Inc global chief investment strategist Russ Koesterich. Koesterich said in a commentar
Published 08 Mar, 2016 12:00am
Monday's early trade: S&P, Nasdaq slip as tech stocks weigh

Monday's early trade: S&P, Nasdaq slip as tech stocks weigh

The S&P 500 and the Nasdaq were lower on Monday as declines in technology shares outweighed gains in energy and materials stocks. However, a rise in shares of Caterpillar and Dupont pushed the Dow into positive territory. An upbeat jobs report on Friday h
Published 08 Mar, 2016 12:00am
Monday's early trade: S&P, Nasdaq slip as tech stocks weigh

Monday's early trade: S&P, Nasdaq slip as tech stocks weigh

The S&P 500 and the Nasdaq were lower on Monday as declines in technology shares outweighed gains in energy and materials stocks. However, a rise in shares of Caterpillar and Dupont pushed the Dow into positive territory. An upbeat jobs report on Friday h
Published 08 Mar, 2016 12:00am
Australian shares rally, New Zealand touches record

Australian shares rally, New Zealand touches record

Australian shares surged to a two-month high on Monday, notching up gains for a sixth straight session, led by a strong rally in banks and resource counters. The S&P/ASX 200 index added 52.79 points, or 1.04 percent, to 5,142.81 at the close of trade. Aft
Published 08 Mar, 2016 12:00am
J.P Morgan cuts equities to 'underweight' for first time since 2007

J.P Morgan cuts equities to 'underweight' for first time since 2007

J.P. Morgan Cazenove has reduced the weight of stocks in its balanced portfolio to "underweight" for the first time since 2007, saying the recent market rebound was set to peter out. "We think that one should start to re-enter the shorts," J.P. Morgan str
Published 08 Mar, 2016 12:00am
J.P Morgan cuts equities to 'underweight' for first time since 2007

J.P Morgan cuts equities to 'underweight' for first time since 2007

J.P. Morgan Cazenove has reduced the weight of stocks in its balanced portfolio to "underweight" for the first time since 2007, saying the recent market rebound was set to peter out. "We think that one should start to re-enter the shorts," J.P. Morgan str
Published 08 Mar, 2016 12:00am
Portuguese yields higher as Fitch cuts outlook before bond sale

Portuguese yields higher as Fitch cuts outlook before bond sale

Portuguese bond yields rose back above 3 percent on Monday after Fitch revised the country's rating outlook to stable from positive, in a move which may prompt investors to ask for higher returns at a bond auction later this week. Fitch affirmed Portugal'
Published 08 Mar, 2016 12:00am
Portuguese yields higher as Fitch cuts outlook before bond sale

Portuguese yields higher as Fitch cuts outlook before bond sale

Portuguese bond yields rose back above 3 percent on Monday after Fitch revised the country's rating outlook to stable from positive, in a move which may prompt investors to ask for higher returns at a bond auction later this week. Fitch affirmed Portugal'
Published 08 Mar, 2016 12:00am
China's shares rise for 5th straight day
Exchange

China's shares rise for 5th straight day

China stocks rose for a fifth straight session on Monday, led by resources shares and small-caps, after a flurry of reassurances by the country's top leaders that the economy would stay on a sound footing despite strains from major structural reforms. The
Published 08 Mar, 2016 12:00am
European shares slip as EDF and bank stocks fall

European shares slip as EDF and bank stocks fall

European shares fell on Monday, led lower by a slump in utility EDF after a senior executive quit, and by weaker bank stocks which were hit by some broker price target cuts. European stocks have rallied after a rocky start to 2016, as oil prices recovered
Published 08 Mar, 2016 12:00am
Hong Kong shares flat

Hong Kong shares flat

Hong Kong shares ended Monday roughly flat, ignoring a rally in mainland markets and on the back of rising selling pressure after the benchmark Hang Seng Index rose 10 percent over the past three weeks. Hang Seng fell 0.1 percent, to 20,159.72, while the
Published 08 Mar, 2016 12:00am
Southeast Asian stocks mixed
Exchange

Southeast Asian stocks mixed

Southeast Asian stock markets ended mixed on Monday, with Singapore snapping a six-day winning streak as investors cashed in quick gains in overbought large-caps, but a rally in oil- related stocks brought the Thai index to a near four-month high. Singapo
Published 08 Mar, 2016 12:00am
Iron ore boost for mining stocks helps FTSE off lows
Currency

Iron ore boost for mining stocks helps FTSE off lows

Gains for the mining sector after a surge in the price of iron ore helped Britain's bluechip stock index off its lowest levels on Monday, and a rise in Old Mutual shares also lent support. The bluechip FTSE 100 index was down 17.03 points or 0.3 percent a
Published 08 Mar, 2016 12:00am
Yuan eases against dollar
Exchange

Yuan eases against dollar

China's yuan eased against the dollar on Monday, giving up some of its sharp gains in the previous session, but traders said they did not expect any major moves in the currency while the country's annual parliament meeting was in session. Top officials so
Published 08 Mar, 2016 12:00am
Dollar struggles for traction in Asia
Currency

Dollar struggles for traction in Asia

The dollar struggled on Monday after failing to gain on stronger-than-expected US payrolls data, while the Australian dollar fell prey to profit-taking after its best weekly performance in more than four years. The greenback had initially gained on Friday
Published 08 Mar, 2016 12:00am
Early trade in New York: Euro falls, dollar firms
Currency

Early trade in New York: Euro falls, dollar firms

The euro fell on Monday on bets of stimulus from the European Central Bank meeting later this week to support fragile euro zone growth, while the dollar firmed following a solid payrolls report last week. Most commodity currencies were little changed amid
Published 08 Mar, 2016 12:00am
Easing expectations send euro lower in Europe
Currency

Easing expectations send euro lower in Europe

The euro fell by around half a percent at the start of the run-in to a European Central Bank meeting on Thursday widely expected to ease monetary policy further to help shore up still shaky eurozone growth. The ECB is expected to push interest rates furth
Published 08 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 Monday. 78.43-78.43 (previous 78.45-78.45). 02.25-04.50 percent (* previous 02.25-04.50 percent). (* revised).
Published 08 Mar, 2016 12:00am
Canadian dollar weakens
Currency

Canadian dollar weakens

The Canadian dollar weakened against its US counterpart on Monday, but held near three-month highs as oil prices rose and ahead of a Bank of Canada monetary policy decision on Wednesday. The currency has rebounded roughly 10 percent since hitting a 12-yea
Published 08 Mar, 2016 12:00am
Asian forex: Ringgit, rupiah climb as global growth concerns ebb

Asian forex: Ringgit, rupiah climb as global growth concerns ebb

The Malaysian ringgit hit a 7-1/2 month high and the Indonesian rupiah scaled a 10-month peak on Monday, as solid US jobs data eased worries about a slowdown in global economic growth and supported risk assets. Many Asian currencies added to their recent
Published 08 Mar, 2016 12:00am
Serbian sells euros to bolster dinar

Serbian sells euros to bolster dinar

The Serbian central bank sold euros on the local interbank market on Monday to support the dinar and add liquidity to the market, dealers said. The bank started selling euros as the dinar traded at around 123.6 to the euro, or 0.13 percent less than the p
Published 08 Mar, 2016 12:00am
Aussie, kiwi take breather
Currency

Aussie, kiwi take breather

The Australian dollar hovered just under a seven-month peak on Monday, pausing after last week's massive rally in the absence of fresh impetus, while caution ahead of a central bank meeting capped its New Zealand peer. The Aussie was last at $0.7413, down
Published 08 Mar, 2016 12:00am
Sterling retreats against dollar
Currency

Sterling retreats against dollar

Sterling retreated from its highest level against the dollar in nearly two weeks on Monday after a rally that saw the pound post its best week since late 2009 ran out of steam. The pound gained 2.6 percent last week as investors and speculators trimmed un
Published 08 Mar, 2016 12:00am
Thomson Reuters spot FX volumes fall 10 percent in February
Exchange

Thomson Reuters spot FX volumes fall 10 percent in February

Daily spot trading volumes on currency trading platforms run by Thomson Reuters fell in February, a month marked by high volatility across financial markets, according to figures published by the company on Monday. The decline in the first two months of t
Published 08 Mar, 2016 12:00am
Untimely rains hit India's winter-sown crops, delay harvest

Untimely rains hit India's winter-sown crops, delay harvest

Hail and heavy rain have damaged winter-sown crops such as wheat, rapeseed and chickpea in India's main producing areas and delayed harvesting by nearly two weeks, government and industry officials said on Monday. The untimely rain and hail over the past
Published 08 Mar, 2016 12:00am
Shanghai copper up
Exchange

Shanghai copper up

Shanghai Futures Exchange (ShFE) copper traded up 1.5 percent at 38,090 yuan ($5,847) a tonne on Monday, having pared earlier gains of more than 3 percent. Shanghai nickel held 3 percent gains. ShFE copper's chart picture has improved with prices breaking
Published 08 Mar, 2016 12:00am
Copper retreats on China qualms, tin hits high
Exchange

Copper retreats on China qualms, tin hits high

Copper and zinc pulled back from their highest levels in more than four months on Monday, weighed down by a firmer dollar and as misgivings surfaced over China's ability to shore up economic growth. Three-month copper on the London Metal Exchange slipped
Published 08 Mar, 2016 12:00am
Oil hits 2016 high above $40; glut warnings resurface

Oil hits 2016 high above $40; glut warnings resurface

Brent crude rose on Monday, hitting a 2016 peak above $40 a barrel as investors rotated more assets into raw materials, with oil buying encouraged by talk that Opec producers want a higher anchor price after a selloff that has lasted nearly two years. Gol
Published 08 Mar, 2016 12:00am
Rubber soars
Exchange

Rubber soars

Benchmark Tokyo rubber futures soared to a 6-1/2-month high on Monday, extending gains into a fifth straight session, as risk appetite grew after oil prices continued to recover and as fears over slowing growth in the Chinese economy eased, dealers said.
Published 08 Mar, 2016 12:00am
Palm oil hits one-week high tracking gains in soyaoil
Vegetable Oil

Palm oil hits one-week high tracking gains in soyaoil

Malaysian palm oil futures jumped on Monday to their highest in a week, tracking gains in rival soyaoil, although firmness in ringgit capped the upside. The palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange closed up 1.2 percen
Published 08 Mar, 2016 12:00am
London cocoa pares gains after touching two-month high
Currency

London cocoa pares gains after touching two-month high

London cocoa futures on ICE rose to a two-month high before paring gains on Monday, as rain in top grower Ivory Coast boosted hopes for improved crop output and the rising British pound provided a source of pressure. Raw sugar turned lower, falling away f
Published 08 Mar, 2016 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold steadied below last week's 13-month high on Monday, its recent rally doused by robust US employment data that underpinned expectations that the Federal Reserve could raise interest rates this year. But the Fed is unlikely to lift rates as soon as nex
Published 08 Mar, 2016 12:00am
Gold rises to near 13-month high in Europe
Exchange

Gold rises to near 13-month high in Europe

Gold rose on Monday, hovering just below last week's 13-month high as global shares dipped, while a fall in average US earnings lessened expectations the Federal Reserve could raise interest rates at its next policy meeting. Although Friday's US data show
Published 08 Mar, 2016 12:00am
China's teapot oil refiners join forces to bolster crude buying

China's teapot oil refiners join forces to bolster crude buying

China's independent oil refiners will form an alliance to purchase crude, in an effort to improve their negotiating stance with suppliers and possibly soothe credit-risk concerns surrounding the little-known companies. Sixteen companies, led by China's bi
Published 08 Mar, 2016 12:00am
US MIDDAY: wheat, corn and soya extend winning streak

US MIDDAY: wheat, corn and soya extend winning streak

US corn, soyabean and wheat futures rose for the fourth day in a row in Monday, with investors scrambling to cover bearish bets they have made on the agricultural sector in recent months, traders said. "Grain futures are higher across the board this morni
Published 08 Mar, 2016 12:00am
Kyrgios slams Tomic in 'fake' illness row

Kyrgios slams Tomic in 'fake' illness row

Nick Kyrgios has returned serve at team-mate Bernard Tomic after he accused the maverick star of faking illness to avoid playing in Australia's Davis Cup tie against the United States. The storm erupted when 20th-ranked Tomic was overheard during a change
Published 08 Mar, 2016 12:00am
Mata says sorry to fans

Mata says sorry to fans

Juan Mata apologised to Manchester United fans on Monday after the first red card of his career proved costly in a 1-0 defeat at West Brom on Sunday. The Spaniard collected two yellow cards in just 158 seconds at the Hawthorns, as United were left to play
Published 08 Mar, 2016 12:00am
Pakistan assesses security; recalls Shehzad for World Twenty20

Pakistan assesses security; recalls Shehzad for World Twenty20

Pakistan Monday sent a team to assess security for the World Twenty20 starting in India this week as selectors recalled opener Ahmed Shehzad for the tournament after the side flopped during the Asia Cup. Pakistan has voiced repeated concern about security
Published 08 Mar, 2016 12:00am
Deaf cricket on March 9

Deaf cricket on March 9

A four-nation Deaf International Cricket Council Championship is to begin in Dubai on March 9. The Pakistan deaf team are to play its opening match against India on the same day. Besides India and Pakistan, teams of England and South Africa are also takin
Published 08 Mar, 2016 12:00am
Britain's Watson rallies to win WTA Monterrey crown

Britain's Watson rallies to win WTA Monterrey crown

Britain's Heather Watson rallied to defeat Belgium's Kirsten Flipkens 3-6, 6-2, 6-3 Sunday to win the WTA Monterrey Open final for her third career crown. Watson's prior WTA singles titles came in 2012 at Osaka and last year at Hobart. The 25-year-old Eng
Published 08 Mar, 2016 12:00am
Japan's iron ladies miss Rio Olympic spot

Japan's iron ladies miss Rio Olympic spot

Former world champions Japan hit Vietnam for six on Monday but failed to qualify for the Rio Olympic women's football tournament after other results went against them. A 6-1 demolition of Vietnam in Osaka was scant consolations for the 2011 World Cup winn
Published 08 Mar, 2016 12:00am
Hosts with the most? India eye World Twenty20 crown

Hosts with the most? India eye World Twenty20 crown

Hosts India are favourites to clinch the sixth edition of the World Twenty20 in what could be a fairytale ending to the glittering career of captain Mahendra Singh Dhoni. India, ranked number one in the world, will seek to become the first side to win the
Published 08 Mar, 2016 12:00am
Record-setting Buffon keeps Juve on title track

Record-setting Buffon keeps Juve on title track

Juventus stayed on course for a fifth straight Serie A title by maintaining their three-point lead with a 2-0 win at Atalanta on Sunday that saw Gianluigi Buffon reach 836 minutes without conceding a goal, a record in the three-points-for-a-win era. Juve
Published 08 Mar, 2016 12:00am
Goetze goes from World Cup hero to zero in 2016

Goetze goes from World Cup hero to zero in 2016

Mario Goetze made German football history by scoring the winning goal in the World Cup final, but now the Brazil 2014 hero can not get a game at Bayern Munich. A groin injury has restricted Goetze to just seven league appearances this season, but a month
Published 08 Mar, 2016 12:00am
Pentagon slams 'unhelpful' North Korea nuclear rhetoric

Pentagon slams 'unhelpful' North Korea nuclear rhetoric

North Korean threats of pre-emptive nuclear strikes against South Korea and the United States are "unhelpful" and serve only to aggravate tensions, the Pentagon said Monday. The US military has downplayed the risk from North Korea's nuclear arsenal and wa
Published 08 Mar, 2016 12:00am
UK business chief quits, accuses Cameron of EU exit 'hyperbole'

UK business chief quits, accuses Cameron of EU exit 'hyperbole'

The head of a prominent British business lobbying group has quit his post after speaking in favour of Britain's exit from the European Union and has accused Prime Minister David Cameron of trying to scare voters into supporting continued EU membership.
Published 08 Mar, 2016 12:00am
Couple killed for 'honour'

Couple killed for 'honour'

A newly-wed couple was found murdered inside their house in Orangi Town on Monday. An official at Mominabad police station told Business Recorder that the victims, identified as Khanullah and his wife Shabeena, were allegedly gunned down by their r
Published 08 Mar, 2016 12:00am
International Steels Limited expands production to over 500,000MT

International Steels Limited expands production to over 500,000MT

International Steels Limited (ISL) inaugurated its capacity expansion at its state-of-the-art steel complex in Karachi on March 5. The Rs 3.2 billion expansion increased ISL's production capacity to over 500,000MT of which 400,000MT can be galvanised. The
Published 08 Mar, 2016 12:00am
Law and order: SC rejects Sindh police's report, praises Rangers

Law and order: SC rejects Sindh police's report, praises Rangers

Expressing displeasure over Sindh police's performance, the Supreme Court on Monday remarked that peace has returned to the province only because of Rangers. A larger bench of the apex court, headed by Chief Justice Anwar Zaheer Jamali, resumed the hearin
Published 08 Mar, 2016 12:00am
Bilawal condemns Shabqadar blasts

Bilawal condemns Shabqadar blasts

Bilawal Bhutto Zardari Chairman Pakistan Peoples Party (PPP) has condemned the bomb blast in court building in Shabqadar in Khyber-Pakhtunkhwa province, which resulted in loss of precious lives of innocent citizens on Monday. In a press statement issued h
Published 08 Mar, 2016 12:00am
SSAI urges government to resolve water issue

SSAI urges government to resolve water issue

President of Site Superhighway Association of Industry (SSAI), Mehtab Uddin Chawla has urged Governor Sindh Dr Ishratul Ibad Khan and Chief Minister Syed Qaim Ali Shah to resolve the issue of water shortage being faced by the industry. Expressing concerns
Published 08 Mar, 2016 12:00am
Former MQM office-bearer Siddiqui arrives in Karachi

Former MQM office-bearer Siddiqui arrives in Karachi

Hammad Siddiqui, former in-charge of MQM's Karachi Tanzeemi Committee (KTC), has arrived in Karachi from Dubai. Hammad Siddiqui, who is said to be a close aide of former MQM leader Anees Qaimkhani, has reached a house located in DHA of the metropolis. Sid
Published 08 Mar, 2016 12:00am
MQM suffers another setback after MPA quits

MQM suffers another setback after MPA quits

Mutahhida Qaumi Movement (MQM) on Monday suffered another setback after one of its members of Sindh Assembly, Dr Saghir Ahmed, a former provincial minister, joined former city Nazim Mustafa Kamal-led political party. Dr Saghir also announced his resignati
Published 08 Mar, 2016 12:00am
Uncertain weather to continue till June: Met Office
Cotton

Uncertain weather to continue till June: Met Office

The Met Office has forecast that the uncertain weather would continue in Pakistan till El Nino turns normal in May-June 2016. The office in its Seasonal Outlook for spring and early summer 2016 said that the intense heating was expected to trigger monsoon
Published 08 Mar, 2016 12:00am
PTI leader for gender equality

PTI leader for gender equality

A leader of Pakistan Tehreek-e-Insaf (PTI) party has urged government to take urgent action towards gender equality. He said this on the occasion of International Women's Day. Former minister Malik Abdul Qayyum said on Monday, "To ensure end to gender dis
Published 08 Mar, 2016 12:00am
Government asked to expunge Ayyan's name from ECL
Currency

Government asked to expunge Ayyan's name from ECL

Sindh High Court (SHC) on Monday ordered concerned authority to expunge supermodel Ayyan Ali's name from Exit Control List (ECL) in currency smuggling case. A divisional bench of SHC headed by Justice Ahmed Ali M Sheikh had reserved its verdict in previou
Published 08 Mar, 2016 12:00am
15th Textile Asia Trade Fair begins tomorrow

15th Textile Asia Trade Fair begins tomorrow

A three-day 15th Textile Asia-International Textile & Garments Machinery Trade Fair will begin on Wednesday (March 9) at the city's Expo Centre. Textile Asia Conference 2016 is also scheduled to be held on Wednesday. The official ribbon-cutting ceremony o
Published 08 Mar, 2016 12:00am
SBP allows export of permissible forex from Peshawar
Exchange

SBP allows export of permissible forex from Peshawar

The State Bank of Pakistan (SBP) Monday allowed Exchange Companies (ECs) to export permissible foreign currencies from Peshawar. Earlier, ECs were allowed to export permissible foreign currencies from three cities' airports - Karachi Lahore and Rawalpindi
Published 08 Mar, 2016 12:00am
Second international children film festival starts at SU

Second international children film festival starts at SU

"Film is a powerful medium of learning. It is a joint effort for many weeks to disseminate the message properly. To produce films for children reflects the mood to prepare them for future leadership" This was stated by Professor Dr Abida Taherani, Vice Ch
Published 08 Mar, 2016 12:00am
Fauji Fertiliser Company Limited
Exchange

Fauji Fertiliser Company Limited

FFC observes "FFC Day" on 8th March on its 37th anniversary to commemorate the day when foundation stone of its first fertiliser plant was laid at Goth Macchi in 1979. Today FFC business has diversified having pioneered Wind Energy in Pakistan, acquiring
Published 08 Mar, 2016 12:00am
An ode to Khushhali women

An ode to Khushhali women

The key to women empowerment lies in their financial uplift, and this is where microfinance plays its strategic role. Poverty is malicious truth in the country, and the typical banking and financial services are generally inaccessible by low-income indivi
Published 08 Mar, 2016 12:00am
International Women's Day being observed today

International Women's Day being observed today

The country is marking the International Women's Day-2016 with the theme of "Pledge For Parity" in a bid to highlight women's services for society by making a pledge to try give them their due status and respect. The marking is seeing various political, s
Published 08 Mar, 2016 12:00am
Koh-i-Noor diamond: LHC seeks comments

Koh-i-Noor diamond: LHC seeks comments

The federal and provincial governments are told to comment by April 1 on whether a citizen can be an aggrieved party over the possession of the controversial Koh-i-Noor diamond in Britain.
Published 08 Mar, 2016 12:00am
Lucky Cement Limited

Lucky Cement Limited

Lucky Cement Limited (PSX:LUCK) is a leading player in Pakistan's cement space, an industry which have a good run in wake of the rise in construction activity. The cement company started operations in 1993; in little over two decades, it sits comforta
Published 08 Mar, 2016 12:00am
Lucky Cement Limited

Lucky Cement Limited

Lucky Cement Limited (PSX:LUCK) is a leading player in Pakistan's cement space, an industry which have a good run in wake of the rise in construction activity. The cement company started operations in 1993; in little over two decades, it sits comfortably
Published 08 Mar, 2016 12:00am
Students of IM Sciences Peshawar visit SECP head office
Exchange

Students of IM Sciences Peshawar visit SECP head office

The Securities and Exchange Commission of Pakistan organised an educational visit for the students of Institute of Management Sciences (IM Sciences), Peshawar at SECP's Head Office Islamabad. The session started with the recitation of Holy Quran and the i
Published 08 Mar, 2016 12:00am
Corps Commander calls on KP Governor

Corps Commander calls on KP Governor

The Corps Commander, Peshawar, Lieutenant General Hidayat Ur Rehman called on the Khyber Pakhtunkhwa Governor, Iqbal Zafar Jhagra at Governor's House, Peshawar on Monday. He remained with the Governor for some time and discussed matters pertaining to secu
Published 08 Mar, 2016 12:00am
BISP gives dignity, empowerment to women: Marvi

BISP gives dignity, empowerment to women: Marvi

Benazir Income Support Programme (BISP) Chairperson Marvi Memon has said that the year 2016 will be a historic year for BISP. She said initiating e-commerce project in this year would bring a major change for women empowerment from BISP platform. "Under i
Published 08 Mar, 2016 12:00am
PPP withdraws bill seeking amendment to NCA Act

PPP withdraws bill seeking amendment to NCA Act

Pakistan People's Party (PPP) Senator Farhatullah Babar on Monday withdrew his private members bill, seeking amendment to National Command Authority (NCA) Act, saying a number of stakeholders have created an 'extraordinary' situation for him not to move t
Published 08 Mar, 2016 12:00am
Extortion calls: KP CM writes letter to Centre

Extortion calls: KP CM writes letter to Centre

In view of the discomfort and insecurity in the business community on account of across the border extortion calls and other related issues, the Chief Minister Khyber Pakhtunkhwa Pervez Khattak in a letter has asked the Federal Government that the inciden
Published 08 Mar, 2016 12:00am
Registration of NGOs: Senate witnesses heated debate

Registration of NGOs: Senate witnesses heated debate

The Upper House of Parliament on Monday witnessed a heated debate on registration of national and international non-governmental organisations (INGOs) with some lawmakers terming it discouraging while others pressing for tightening the noose around them.
Published 08 Mar, 2016 12:00am
Power theft: IESCO conducts raids

Power theft: IESCO conducts raids

Islamabad Electric Supply Company (IESCO) has apprehended four electricity thieves in district Chakwal Circle in various raids. According to the details, two culprits were caught red handed from Chakwal city, one each from Pinan Wal and Bhagwal Division.
Published 08 Mar, 2016 12:00am
Bigger role for women in Pakistani media urged

Bigger role for women in Pakistani media urged

The UN Information Centre and the British High Commission in Pakistan paid tribute to outstanding female journalists working in Pakistan on Monday, at a 'Women in the Media' roundtable taking place to mark International Women's Day. The event featured wom
Published 08 Mar, 2016 12:00am
UK official arrives today

UK official arrives today

British Secretary of State for Foreign and Commonwealth Affairs Philip Hammond is arriving in Pakistan on Tuesday (today) to hold talks with Pakistani leadership on issues of the common interest and regional situation, it was learnt. Sources said that in
Published 08 Mar, 2016 12:00am
SECP initiates 38 show-cause proceedings against firms
Exchange

SECP initiates 38 show-cause proceedings against firms

The Securities and Exchange Commission of Pakistan (SECP) has initiated 38 show cause proceedings against companies, their auditors and directors for various alleged violations of provisions of the Companies Ordinance, 1984. The notices were issued by the
Published 08 Mar, 2016 12:00am
Government urged to utilize renewable energy potential

Government urged to utilize renewable energy potential

Speakers at a seminar have urged the government to utilize Renewable Energy (RE) potential of the country saying that it could easily add thousands of Megawatts (MW) of electricity into the national grid. Speaking at the concluding ceremony of the exhibit
Published 08 Mar, 2016 12:00am
Government decides to launch education campaign from April

Government decides to launch education campaign from April

Federal Minister for Planning, Development and Reforms Ahsan Iqbal said on Monday that the federal government with the collaboration of provincial governments would launch education campaign on April 1, 2016 to ensure the enrolment of every child in schoo
Published 08 Mar, 2016 12:00am
Bullet-proof vehicle: IHC reserves its judgement

Bullet-proof vehicle: IHC reserves its judgement

The Islamabad High Court on Monday reserved its judgement on federation's Intra Court Appeal (ICA) against the provision of bullet-proof vehicle to retired Chief Justice of Pakistan (CJP) Iftikhar Muhammad Chaudhry. A division bench of the IHC comprising
Published 08 Mar, 2016 12:00am
Thar coal project: Coal mining co too seeks fiscal incentives

Thar coal project: Coal mining co too seeks fiscal incentives

A coal mining company of Sindh is seeking fiscal incentives on the pattern of Independent Power Producer (IPP) from the Federal Board of Revenue (FBR) for Thar coal development project. Sources told Business Recorder here on Monday that the FBR has
Published 08 Mar, 2016 12:00am
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