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Print - 2016-03-12
Education, other sectors: Rajwana praises women's role

Education, other sectors: Rajwana praises women's role

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) arranged the International Women's Day 2016 event at the Governor House on Friday. Speaking on the occasion, Governor Rafique Rajwana told the audience, "Women are taking a lead in the f
Published 12 Mar, 2016 12:00am
Punjab government keen to deal with climate change impacts: minister

Punjab government keen to deal with climate change impacts: minister

Punjab Minister for Environment Zakia Shah Nawaz has termed the climate change as a serious threat to livelihoods of millions of people across Pakistan. "Punjab also facing the same phenomenon and the provincial government is fully aware of the scale of t
Published 12 Mar, 2016 12:00am
Thar Coal Power Project: Civil work comes to a halt

Thar Coal Power Project: Civil work comes to a halt

Civil work at the Thar Coal Power Project has come to a halt after completion of the mining activity for removal of overburden up to four million cubic meters in the allocated area, it is learnt reliably. "There is no movement of a single truck, loader or
Published 12 Mar, 2016 12:00am
PRA seals two railway booking offices

PRA seals two railway booking offices

The Punjab Revenue Authority (PRA) on Friday sealed two railways booking offices working in the provincial metropolis under Pakistan Railways Advisory and Consultancy Services (PRACS) on the charges of being non-compliant and not getting themselves regist
Published 12 Mar, 2016 12:00am
Protection of Women: SC approached against impugned Act

Protection of Women: SC approached against impugned Act

Wattan Party on Friday has approached the Supreme Court against Punjab Protection of Women against Violence Act 2016 for being repugnant to the Constitution. The Punjab-chapter president Basim Khan contended that the impugned law would be misused by fraud
Published 12 Mar, 2016 12:00am
Annual Sports Gala held

Annual Sports Gala held

The Punjab University Hailey College of Banking and Finance has organised annual Sports Gala. The two-day event included tug of war, badminton, table tennis and board games. Principal Mubbsher Munawar Khan also doled out prizes to winners. In his address,
Published 12 Mar, 2016 12:00am
Wapda chief visits Neelum Jhelum Hydropower project

Wapda chief visits Neelum Jhelum Hydropower project

Reviewing the pace of construction work on the 969MW Neelum-Jhelum Hydropower Project (NJHP), Pakistan Water and Power Development Authority (Wapda) Chairman Zafar Mahmood has urged upon the project authorities to further expedite their efforts, so that t
Published 12 Mar, 2016 12:00am
Heavy widespread rains likely today

Heavy widespread rains likely today

In a special weather advisory, the Meteorological department has predicted that heavy downpours may generate urban/flash flooding in upper KP (Malakand, Hazara, Peshawar, Mardan divisions), Fata, DG Khan, Gujranwala, Rawalpindi, Lahore divisions and Kashm
Published 12 Mar, 2016 12:00am
Frequent changes in overhead bridge design push up cost

Frequent changes in overhead bridge design push up cost

The repeated changes in the design and consistent delay in completing Takhtbhai overhead bridge has escalated the cost of the project to Rs 836.47 million against the original cost of Rs 582.12 million - a huge increase of about 41 percent. The National A
Published 12 Mar, 2016 12:00am
Philanthropist donates dialysis machines to LGH

Philanthropist donates dialysis machines to LGH

A philanthropist has donated eight dialysis machines worth Rs 10 million to the Lahore General Hospital (LGH), taking the total number to 34 and making it the largest dialysis centre in the province. An event to mark the machine hand-over on Friday by the
Published 12 Mar, 2016 12:00am
Model Town case: Enraged workers of PAT hampered dialogue: DCO

Model Town case: Enraged workers of PAT hampered dialogue: DCO

The District Co-ordination Officer (DCO) of Lahore told an anti terrorism court on Friday that it was enraged workers of Pakistan Awami Tehreek (PAT) who hampered the dialogue and created a law and order situation outside the residence of Dr Tahirul Qadri
Published 12 Mar, 2016 12:00am
Traders urged to prepare budget proposals
Cotton

Traders urged to prepare budget proposals

LCCI Vice President Nasir Saeed has urged the traders to prepare proposals and submit to the chamber as the Federal Board of Revenue has already launched a budget-making exercise. He stated this while addressing the opening ceremony of a machinery display
Published 12 Mar, 2016 12:00am
D-Talk project for six KP districts launched

D-Talk project for six KP districts launched

Diabetes Treatment and Lifestyle Knowledge (D-Talk) formally launched for six districts; Buner, Haripur, Nowshera, Karak, Lakki Marwat and D.I.Khan here in Peshawar today inaugurated by Provincial Minister for Health Shahram Khan Tarakai. "The idea is ver
Published 12 Mar, 2016 12:00am
Steps under way to reform healthcare delivery system: Khattak

Steps under way to reform healthcare delivery system: Khattak

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has said that steps are underway to reform health care delivery system in the province adding that all hospitals of the province will be equipped with staff and equipment so that common men could be provide
Published 12 Mar, 2016 12:00am
President summons National Assembly session on March 14

President summons National Assembly session on March 14

The President of Islamic Republic of Pakistan has summoned the 30th session of the National Assembly on March 14, 2016 at 3:00 pm in the Parliament House, Islamabad. The President has summoned the National Assembly session in exercise of powers conferred
Published 12 Mar, 2016 12:00am
Al Meezan introduces Meezan Easy Cash
Mutual Funds

Al Meezan introduces Meezan Easy Cash

Al Meezan, Pakistan's largest private sector asset management company is the pioneer of yet another innovative value added service- Meezan Easy Cash. This facility is aimed at providing investors the ease to encash their investments within 30 minutes by s
Published 12 Mar, 2016 12:00am
FBR slaps 'major penalty' on IRAO

FBR slaps 'major penalty' on IRAO

The Federal Board of Revenue (FBR) has imposed major penalty of "reduction to lower post for a period of one year" upon Mian Muhammad Ibrahim, Inland Revenue Audit Officer. According to a notification issued by the FBR Friday, the disciplinary proceedings
Published 12 Mar, 2016 12:00am
Country likely to achieve wheat production target
Cotton

Country likely to achieve wheat production target

The country is likely to achieve wheat production target of 25.8 million tons for Rabi crop season 2015-16 as the current countrywide rain spell will have a positive impact on overall agriculture production of major Rabi crops. According to agriculturalis
Published 12 Mar, 2016 12:00am
ATC extends bails of MQM leaders till March 26

ATC extends bails of MQM leaders till March 26

An Anti-Terrorism Court (ATC) on Friday extended the bail of Muttahida Qaumi Movement (MQM) leaders Waseem Akhter and Abdur Rauf Siddiqui in the hate-speeches cases. The MQM chief was accused of delivering hate- speeches against military establishment and
Published 12 Mar, 2016 12:00am
Pakistan set to join upper middle income countries by 2030: Aziz

Pakistan set to join upper middle income countries by 2030: Aziz

Pakistan has integrated the objectives and targets of Sustainable Development Goals (SDGs) 2030 in our national economic and development planning, which will enable Pakistan to join the league of upper middle class countries by 2030. This was stated by Sa
Published 12 Mar, 2016 12:00am
Senate passes law against child sexual abuse

Senate passes law against child sexual abuse

The Upper House of Parliament on Friday passed Criminal Law (Amendment) Bill, 2015, aimed at providing protection to children from cruel treatment. The bill was moved by Zahid Hamid, minister for climate change, amends the Pakistan Penal Code 1860 and the
Published 12 Mar, 2016 12:00am
Senate passes law against child sexual abuse

Senate passes law against child sexual abuse

The Upper House of Parliament on Friday passed Criminal Law (Amendment) Bill, 2015, aimed at providing protection to children from cruel treatment. The bill was moved by Zahid Hamid, minister for climate change, amends the Pakistan Penal Code 1860 and the
Published 12 Mar, 2016 12:00am
ICE cotton recovers after touching lowest since 2009
Cotton

ICE cotton recovers after touching lowest since 2009

Cotton futures recovered from a more than 6-1/2-year low on Thursday, helped by a weaker dollar and a strong weekly US export report. A government report, which showed a 7 percent rise in export sales of upland cotton in the week ended March 3, was "somew
Published 12 Mar, 2016 12:00am
Shanghai copper retest support at 36,850 yuan

Shanghai copper retest support at 36,850 yuan

Shanghai copper to retest a support at 36,850 yuan per tonne, as the fall from 39,130 yuan, an hourly chart high on March 5, has not completed yet. The fall followed the completion of an uptrend from the November 24, 2015 low of 33,150 yuan. A Fibonacci r
Published 12 Mar, 2016 12:00am
Copper gains as funds reverse bets ahead of Chinese data
Exchange

Copper gains as funds reverse bets ahead of Chinese data

Copper rose on Friday as funds reversed bets on lower prices ahead of economic data from top consumer China, but a stronger dollar capped gains. Benchmark copper on the London Metal Exchange closed up 1.6 percent at $4,970 a tonne in official rings. The m
Published 12 Mar, 2016 12:00am
Tokyo rubber futures extend declines
Exchange

Tokyo rubber futures extend declines

Benchmark Tokyo rubber futures extended declines for a fourth session on Friday, as lacklustre economic indicators in North Asia raised worries over rubber consumption, despite ongoing production curbs by Asia's top producers to support prices. The Tokyo
Published 12 Mar, 2016 12:00am
The Weather

The Weather

The weather report on Friday (March 11, 2016) and the forecast for Saturday (March 12, 2016).

Published 12 Mar, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (March 11, 2016).

Published 12 Mar, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (March 11, 2016).

Published 12 Mar, 2016 12:00am
EU wheat price rise limited by high stock levels

EU wheat price rise limited by high stock levels

European wheat futures edged up on Friday with the market regaining some ground after a prolonged slide in prices and signs of pick-up in demand for German supplies. High stock levels were, however, likely to cap any rebound, dealers said. Benchmark May m
Published 12 Mar, 2016 12:00am
Palm oil jumps to new high
Exchange

Palm oil jumps to new high

Malaysian palm oil futures jumped in Asian evening trade on Friday, rebounding from losses a day ago, as low supply concerns and bullish price sentiments from an industry conference fuelled the market rally. Experts at an industry conference in Kuala Lump
Published 12 Mar, 2016 12:00am
Sugar hits two-month high on tight supply outlook, arabica rises

Sugar hits two-month high on tight supply outlook, arabica rises

Raw sugar on ICE jumped almost 3 percent to a two-month high on Friday, buoyed by tight supplies, while arabica coffee futures touched a one-month highh in technically driven trade. Cocoa steadied with a focus on the weather before West African mid crops.
Published 12 Mar, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (March 11, 2016).

Published 12 Mar, 2016 12:00am
Gold rises more than one percent in US trade
Currency

Gold rises more than one percent in US trade

Gold rebounded by more than 1 percent on Thursday as the euro bounced back from a six-week low against the dollar after European Central Bank (ECB) chief Mario Draghi indicated that further interest rate cuts in the euro zone are unlikely. Both the single
Published 12 Mar, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (March 11, 2016)

Published 12 Mar, 2016 12:00am
Gold higher in Asian trade

Gold higher in Asian trade

Gold climbed to a 13-month high on Friday before pulling back slightly, as the euro hovered near a three-week peak against the dollar after the European Central Bank signalled it was done reducing interest rates for now. After rolling out bold measures to
Published 12 Mar, 2016 12:00am
Global LNG prices rise in response to diverse drivers
Currency

Global LNG prices rise in response to diverse drivers

Asian spot liquefied natural gas (LNG) prices rose slightly this week, guided by a host of factors, including recent South Korean buying and potential supply stockpiling to meet demand from Argentina. LNG for April delivery in Asia rose towards $4.55 per
Published 12 Mar, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 11, 2016).

Published 12 Mar, 2016 12:00am
US MIDDAY: US soy sets 2-1/2-month high

US MIDDAY: US soy sets 2-1/2-month high

US soybean futures touched their highest levels in 2-1/2 months on Friday on short covering and hopes for improved export demand, while wheat retreated after reaching a five-week peak. Corn futures set a two-week high. The gains in soybeans and corn could
Published 12 Mar, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 11, 2016).

Published 12 Mar, 2016 12:00am
Oil up as IEA sees tighter supply; Goldman says rally premature

Oil up as IEA sees tighter supply; Goldman says rally premature

Oil rose up to 2 percent on Friday, with US crude gaining for a fourth straight week, after the world's energy watchdog said the market may have hit bottom, although Goldman Sachs said the 50 percent rally in under two months was "premature." The Paris-ba
Published 12 Mar, 2016 12:00am
Suicide attack on Shabqadar courts

Suicide attack on Shabqadar courts

This is apropos a news item "Suicide bomber kills 17 at Shabqadar court" carried by the newspaper on Tuesday. According to it, 17 people including three women were killed and 30 others injured when a suicide bomber targeted district courts' compound in te
Published 12 Mar, 2016 12:00am
Calmer markets, positive data prime Fed to push ahead with rate rises

Calmer markets, positive data prime Fed to push ahead with rate rises

Barely a month ago Federal Reserve Chair Janet Yellen cut an isolated figure in her semi-annual testimony to Congress, forced to defend the US central bank's data-dependent approach while around her stocks plunged and oil prices sagged. But a recent strin
Published 12 Mar, 2016 12:00am
THE RUPEE: bullish sentiments persist
Currency

THE RUPEE: bullish sentiments persist

Bulls dominated the currency market on Friday as the rupee firmly held the upward trend against the dollar in the process of trade, dealers said. The rupee maintained its rising trend in relation to the dollar, picking up more four paisas for buying and s
Published 12 Mar, 2016 12:00am
Abusing withholding provisions - II

Abusing withholding provisions - II

Resort to section 52 of the repealed Income tax Ordinance [now section 161] as a charging provision and a "new source of revenue" has been disapproved strongly by the ATIR in (2003) 87 TAX 23 (Trib.) and 2001 PTD (Trib.) 2605. In a number of cases, eg, 20
Published 12 Mar, 2016 12:00am
THE RUPEE: bullish sentiments persist
Currency

THE RUPEE: bullish sentiments persist

Bulls dominated the currency market on Friday as the rupee firmly held the upward trend against the dollar in the process of trade, dealers said. The rupee maintained its rising trend in relation to the dollar, picking up more four paisas for buying and s
Published 12 Mar, 2016 12:00am
Need to reform public sector - II
Exchange

Need to reform public sector - II

By and large all the companies in the public sector (Public Sector Enterprises) are a victim of poor governance - be it large organisations like PIA, Pakistan Steel Mills or medium-sized companies in the energy sector, industry and similar. There are over
Published 12 Mar, 2016 12:00am
Shahbaz Taseer's return

Shahbaz Taseer's return

The safe return of Shahbaz Taseer, the kidnapped son of the slain Punjab governor Salmaan Taseer, on Tuesday evening ended the four-and-a-half long years of wait between hope and despair for his family and wishers. It has given cause for optimism to forme
Published 12 Mar, 2016 12:00am
Interpreting 'North Thunder' exercise

Interpreting 'North Thunder' exercise

The dust raised by the 2-day multinational military exercise hosted by Saudi Arabia in the Hafar ul Batin desert close to the Iraqi and Kuwaiti borders should have settled by now, but speculation as to its raison d'etre is likely to persist. With 20 count
Published 12 Mar, 2016 12:00am
Russian media mogul died of blunt force trauma

Russian media mogul died of blunt force trauma

A controversial former Kremlin aide, who was accused of curtailing Russia's press freedoms, died of blunt force trauma to the head and not a heart attack, reports said Thursday. Mikhail Lesin, who was found lifeless in a Washington hotel last year, also s
Published 12 Mar, 2016 12:00am
Russian media mogul died of blunt force trauma

Russian media mogul died of blunt force trauma

A controversial former Kremlin aide, who was accused of curtailing Russia's press freedoms, died of blunt force trauma to the head and not a heart attack, reports said Thursday. Mikhail Lesin, who was found lifeless in a Washington hotel last year, also s
Published 12 Mar, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (March 11, 2016).

Published 12 Mar, 2016 12:00am
'Some people still want to oust government'

'Some people still want to oust government'

Former President and the Chairman of Pakistan People's Party Parliamentarian (PPP-P) Asif Ali Zardari has said that some people still want to oust the government and these people have offered People's Party formation of a grand alliance. In an interview t
Published 12 Mar, 2016 12:00am
'Some people still want to oust government'

'Some people still want to oust government'

Former President and the Chairman of Pakistan People's Party Parliamentarian (PPP-P) Asif Ali Zardari has said that some people still want to oust the government and these people have offered People's Party formation of a grand alliance. In an interview t
Published 12 Mar, 2016 12:00am
Zardari stoutly defends Asim

Zardari stoutly defends Asim

Former president and Pakistan People's Party (PPP) co-chairman Asif Ali Zardari said former petroleum minister and his close aide, Dr Asim Hussain, who is facing legal action on charges of terrorism and corruption is like "an innocent rabbit afraid of his
Published 12 Mar, 2016 12:00am
Zardari stoutly defends Asim

Zardari stoutly defends Asim

Former president and Pakistan People's Party (PPP) co-chairman Asif Ali Zardari said former petroleum minister and his close aide, Dr Asim Hussain, who is facing legal action on charges of terrorism and corruption is like "an innocent rabbit afraid of his
Published 12 Mar, 2016 12:00am
Man in wheelchair robs Croatian bank

Man in wheelchair robs Croatian bank

A Croatian man in a wheelchair robbed a bank after passers-by helped him to enter the premises, local media reported Friday. "I have a bomb!" shouted the 35-year-old disabled man to shocked employees in a branch of Austria's Erste Bank in downtown Zagreb,
Published 12 Mar, 2016 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Mar, 2016 12:00am
Man in wheelchair robs Croatian bank

Man in wheelchair robs Croatian bank

A Croatian man in a wheelchair robbed a bank after passers-by helped him to enter the premises, local media reported Friday. "I have a bomb!" shouted the 35-year-old disabled man to shocked employees in a branch of Austria's Erste Bank in downtown Zagreb,
Published 12 Mar, 2016 12:00am
14 killed as rains play havoc in Balochistan

14 killed as rains play havoc in Balochistan

Torrential rains played havoc in Balochistan as 14 people died and several others were injured in several rain-related incidents. Several houses were also damaged in different areas across the province on Friday. Deputy Commissioner Pishin Wahid Kakar sai
Published 12 Mar, 2016 12:00am
Board Meetings
Exchange

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 12 Mar, 2016 12:00am
14 killed as rains play havoc in Balochistan

14 killed as rains play havoc in Balochistan

Torrential rains played havoc in Balochistan as 14 people died and several others were injured in several rain-related incidents. Several houses were also damaged in different areas across the province on Friday. Deputy Commissioner Pishin Wahid Kakar sai
Published 12 Mar, 2016 12:00am
22 tribesmen held in 'collective responsibility' punishment

22 tribesmen held in 'collective responsibility' punishment

Authorities on Friday arrested 22 tribesmen in South Waziristan region in a "collective responsibility" punishment a day after eight government officials were kidnapped, officials said. Eight officials of the Fata Development Authority (FDA), the a govern
Published 12 Mar, 2016 12:00am
22 tribesmen held in 'collective responsibility' punishment

22 tribesmen held in 'collective responsibility' punishment

Authorities on Friday arrested 22 tribesmen in South Waziristan region in a "collective responsibility" punishment a day after eight government officials were kidnapped, officials said. Eight officials of the Fata Development Authority (FDA), the a govern
Published 12 Mar, 2016 12:00am
Typos thwart $1 billion Bangladesh account hack attempt
Exchange

Typos thwart $1 billion Bangladesh account hack attempt

Hackers who allegedly infiltrated the Bangladesh central bank were attempting to steal almost $1 billion from an account it held with the Federal Reserve Bank of New York, but typos thwarted the full heist, officials said Friday. The hackers stole $81 mil
Published 12 Mar, 2016 12:00am
Typos thwart $1 billion Bangladesh account hack attempt
Exchange

Typos thwart $1 billion Bangladesh account hack attempt

Hackers who allegedly infiltrated the Bangladesh central bank were attempting to steal almost $1 billion from an account it held with the Federal Reserve Bank of New York, but typos thwarted the full heist, officials said Friday. The hackers stole $81 mil
Published 12 Mar, 2016 12:00am
Typos thwart $1 billion Bangladesh account hack attempt
Exchange

Typos thwart $1 billion Bangladesh account hack attempt

Hackers who allegedly infiltrated the Bangladesh central bank were attempting to steal almost $1 billion from an account it held with the Federal Reserve Bank of New York, but typos thwarted the full heist, officials said Friday. The hackers stole $81 mil
Published 12 Mar, 2016 12:00am
Arab League declares Hezbollah 'terror' group

Arab League declares Hezbollah 'terror' group

Arab League foreign ministers on Friday declared Lebanon's Shia movement Hezbollah a "terrorist" group, after Sunni-dominated Gulf monarchies adopted the same stance. Nearly all members of the pan-Arab body supported the decision, but not Lebanon and Iraq
Published 12 Mar, 2016 12:00am
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