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Print - 2016-03-30
Copper sapped by stronger dollar strength, aluminium gains
Exchange

Copper sapped by stronger dollar strength, aluminium gains

Copper dipped on Tuesday as the dollar strengthened ahead of a speech by Federal Reserve chair Janet Yellen on interest rate policy and as investors locked in gains from last week's rally. Three-month copper on the London Metal Exchange was untraded in of
Published 30 Mar, 2016 12:00am
Hong Kong February exports post worst fall since February 2013

Hong Kong February exports post worst fall since February 2013

Hong Kong's annual imports and exports fell more than 10 percent in February, in the worst decline since early 2013 given global economic headwinds and a slump in trade with a slowing China. Total imports in February fell 10.1 percent to HK$237.6 billion
Published 30 Mar, 2016 12:00am
Shanghai copper slips
Exchange

Shanghai copper slips

Shanghai Futures Exchange copper also slipped by 0.4 percent to 37,570 yuan ($5,772) a tonne on Tuesday. China also showed some encouraging signs, with ShFE warehouses registering a large weekly draw of 8,878 tonnes. Shfe copper stockpiles had topped reco
Published 30 Mar, 2016 12:00am
Cotton up slightly on weaker dollar in choppy trade
Cotton

Cotton up slightly on weaker dollar in choppy trade

Cotton futures settled up slightly on Monday, helped by a weaker dollar as traders remained cautious ahead of the US government's much awaited planting intentions report on Thursday. "It has been a very lethargic and choppy day. I don't foresee the market
Published 30 Mar, 2016 12:00am
Head of Spain's Telefonica steps down after 16 years

Head of Spain's Telefonica steps down after 16 years

Spanish telecoms giant Telefonica on Tuesday announced its chief executive Cesar Alierta, who oversaw its expansion into one of the world's largest telephone companies, will step down after nearly 16 years at the helm.
Published 30 Mar, 2016 12:00am
Fowzia concerned at wild rumours about Aafia Siddiqui

Fowzia concerned at wild rumours about Aafia Siddiqui

Dr Fowzia Siddiqui said here Tuesday the rumours about the death of her sister Dr Aafia Siddiqui were disturbing, but the family had no means to verify the authenticity of this upsetting news. In a press release, she said the rumours about Dr Aafia Siddiq
Published 30 Mar, 2016 12:00am
Without Scalia, US Supreme Court rejects challenge to union fees

Without Scalia, US Supreme Court rejects challenge to union fees

The shorthanded US Supreme Court on Tuesday rejected a conservative legal attack on a vital source of funds for organized labour, splitting 4-4 in a challenge that had appeared to be on the path to victory until Justice Antonin Scalia's February death.
Published 30 Mar, 2016 12:00am
Activities of RAW in Pakistan: PPP submits adjournment motion in NA

Activities of RAW in Pakistan: PPP submits adjournment motion in NA

Pakistan People's Party (PPP) has submitted an adjournment motion in the National Assembly with respect to involvement of Indian intelligence operatives in Pakistan, especially in Balochistan for creating unrest and chaos. PPP's MNAs Imran Laghari, Dr Azr
Published 30 Mar, 2016 12:00am
Rally demands effective implementation of NAP

Rally demands effective implementation of NAP

The government must ensure effective and full implementation of the unanimous national action plan to stamp out scourge of extremism and terrorism from the country, and must devise an appropriate strategy to change the mind-set of those who sow terror and
Published 30 Mar, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 30 Mar, 2016 12:00am
Officials deputed in other departments: SC seeks detailed report

Officials deputed in other departments: SC seeks detailed report

The apex court on Tuesday asked Chief Secretary Sindh to submit a report on details of the government officials working in other department on deputation while hearing a case of out of turn promotions in the provincial police department. Resuming the hear
Published 30 Mar, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 30 Mar, 2016 12:00am
Rangers operation in Punjab: LHC dismisses two identical petitions

Rangers operation in Punjab: LHC dismisses two identical petitions

The Lahore High Court (LHC) has dismissed two identical petitions seeking a Sindh-like Ranger operation in the Punjab under the National Action Plan. Those behind the petitions were Judicial Activism Panel Chairman Azhar Siddique and Civil Society Network
Published 30 Mar, 2016 12:00am
State Bank of Pakistan conversion rates
Exchange

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 30 Mar, 2016 12:00am
Man-made fibres: APTMA chairman demands 15 percent RD on import
Cotton

Man-made fibres: APTMA chairman demands 15 percent RD on import

All Pakistan Textile Mills Association Chairman Tariq Saud has demanded of imposing 15 percent regulatory duty on the import of man made fibers, particularly the polyester viscos yarn, polyester cotton yarn and pure polyester yarn. He said a meeting of th
Published 30 Mar, 2016 12:00am
Barclays bid rates and maximum rates for payment of interest
Exchange

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 30 Mar, 2016 12:00am
Water flow in rivers increases
Cotton

Water flow in rivers increases

Water flow in the four live rivers has increased to the tune of 1, The running water in the river Jhelum at Mangla on Tuesday was 57,500 cusecs, in the mighty Indus at Tarbela 32,500 cusecs, in river Kabul at Nowshera 25,400 cusecs and in river Chenab at
Published 30 Mar, 2016 12:00am
SHC seeks details of steps taken to cope with heatwave

SHC seeks details of steps taken to cope with heatwave

Sindh High Court (SHC) on Tuesday directed the Sindh government to inform it about the measures taken to counter predicted heat-wave in the province. The SHC bench headed by Chief Justice Sajjad Ali Shah issued this directive while hearing the petition, f
Published 30 Mar, 2016 12:00am
National Skills Show to be a milestone in providing jobs: TEVTA

National Skills Show to be a milestone in providing jobs: TEVTA

The National Skills Show will prove to be a milestone in providing job opportunities to young generation, claims the chief minister is patronising the mission of the Technical and Vocational Training Authority (TVTA) for Yaqeeni Rozgar, said authority Cha
Published 30 Mar, 2016 12:00am
Currency notes: exchange rates
Exchange

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (March 29, 2016).

Published 30 Mar, 2016 12:00am
Life-saving drugs 'DRAP should focus on quality, availability'

Life-saving drugs 'DRAP should focus on quality, availability'

There are over 600 local pharma manufacturing units in Pakistan and this alone is evidence enough for a healthy competition amongst the pharma industry. Rather than spending its resources on unrealistic price controls, the Drug Regulator Authority Pakista
Published 30 Mar, 2016 12:00am
Pak-Brunei economic potential to be reassessed: HC

Pak-Brunei economic potential to be reassessed: HC

The economic potential of Pakistan and Brunei will be reassessed particularly to make textile sector of Faisalabad more attractive and profitable for the investors of Brunei, said Dato Mahmud Saidin High Commissioner of Brunei Darussalam. He was addressin
Published 30 Mar, 2016 12:00am
Samsung announces 12 mega pixel image sensor

Samsung announces 12 mega pixel image sensor

Samsung Electronics Co Ltd, a world leader in advanced semiconductor technology, on Tuesday announced its newest 12 mega pixel (Mp) image sensor for smartphones, which will elevate the quality of mobile phone pictures. Already in mass production, this 1.4
Published 30 Mar, 2016 12:00am
LTU recovers Rs 450 million income tax from PARCO
Currency

LTU recovers Rs 450 million income tax from PARCO

The Large Taxpayers Unit of Lahore (LTU) of the Federal Board of Revenue has recovered up to Rs 450 million from the Pak-Arab Refinery Company (PARCO) as part of income tax amount overdue against the company since the tax year 2009. "Another Rs 220 millio
Published 30 Mar, 2016 12:00am
UHS holds seminar on updates in management of cleft lip, palate

UHS holds seminar on updates in management of cleft lip, palate

University of Health Sciences on Tuesday arranged global seminar on "recent updates in management of cleft lip and palate" for local surgeons and medical students that underscored the importance of seeking early intervention for surgical correction of the
Published 30 Mar, 2016 12:00am
Money Market Report
Kerb

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (March 29, 2016).
Published 30 Mar, 2016 12:00am
Auto policy encouraging but imperfect: FPCCI

Auto policy encouraging but imperfect: FPCCI

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday said recently announced Automotive Development Policy 2016-21 is encouraging but far from perfection. The policy announced after delay of three years claims that it encourages
Published 30 Mar, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (March 29, 2016).

Published 30 Mar, 2016 12:00am
IESCO arrests eight power thieves

IESCO arrests eight power thieves

Islamabad Electric Supply Company (IESCO) apprehended eight electricity thieves upon the special directives of Chief Executive Officer Dr Rana Abdul Jabbar Khan in different areas of IESCO Region. According to the details, five culprits were caught red ha
Published 30 Mar, 2016 12:00am
Prayer leader accused of rape arrested

Prayer leader accused of rape arrested

A local prayer leader, accused of raping a minor seminary student in Tajori area of Lakki Marwat district, was arrested on Tuesday, police said. Station House Officer (SHO) Ayaz Khan said that the 38-year-old accused, who was a prayer leader at a local mo
Published 30 Mar, 2016 12:00am
Zaka made FPCCI body chief

Zaka made FPCCI body chief

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Mian Rehman Aziz has nominated Mohammad Zaka-ur-Rehman as Chairman for Hajj, Umrah and Tour Operators Regional Standing Committee for the year 2016. Zaka ur Rehman has been associated wi
Published 30 Mar, 2016 12:00am
PM's speech termed 'visionless', 'disappointing'

PM's speech termed 'visionless', 'disappointing'

The major political parties on Tuesday termed Prime Minister Nawaz Sharif's televised address to the nation "visionless" and "disappointing" with no clear-cut policy against terrorists and timeline for implementation of the National Action Plan (NAP) in l
Published 30 Mar, 2016 12:00am
Government urged to provide residence cards to Chinese investors

Government urged to provide residence cards to Chinese investors

Pak-China Joint Chamber of Commerce and Industry (PCJCCI) President Shah Faisal Afridi has urged the government to provide residence cards to the Chinese investors on the pattern adopted by developed countries. In a letter to the Board of Investment's Cha
Published 30 Mar, 2016 12:00am
Agro Food Processing Centre SMEDA submits PC-I for provision of funds

Agro Food Processing Centre SMEDA submits PC-I for provision of funds

The Small and Medium Enterprises Development Authority (SMEDA) has prepared PC-I of the Agro Food Processing (AFP) Centre, Mirpur Khas (Sindh) and submitted to the federal government for provision of necessary funds. The Pakistan Industrial Development Co
Published 30 Mar, 2016 12:00am
SECP holds awareness session at PU Hailey College
Exchange

SECP holds awareness session at PU Hailey College

The Securities and Exchange Commission of Pakistan (SECP) on Tuesday organised an awareness session on "Formation of companies and mandatory online submission of returns through eService portal" at Hailey College of Commerce, Punjab University, Lahore. A
Published 30 Mar, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (March 29, 2016).

Published 30 Mar, 2016 12:00am
PIA's new R&D Centre inaugurated

PIA's new R&D Centre inaugurated

Special Assistant to Prime Minister (SAPM) on Aviation, Shujaat Azeem inaugurated PIA's new Research & Development centre on Tuesday. A fully automated Central Reservation Control which is part of this center has also been made functional. This initiative
Published 30 Mar, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (March 29, 2016).

Published 30 Mar, 2016 12:00am
Minister reviews Universal Service Fund Company performance

Minister reviews Universal Service Fund Company performance

Universal Service Fund Company (USF Co) 43rd Board of Directors meeting was convened on Tuesday in the Ministry of Information Technology and Telecom, Islamabad. The Chairperson, board of directors, USF Co and the Minister of State for IT & Telecom Anusha
Published 30 Mar, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (March 29, 2016).

Published 30 Mar, 2016 12:00am
Minister reviews Universal Service Fund Company performance

Minister reviews Universal Service Fund Company performance

Universal Service Fund Company (USF Co) 43rd Board of Directors meeting was convened on Tuesday in the Ministry of Information Technology and Telecom, Islamabad. The Chairperson, board of directors, USF Co and the Minister of State for IT & Telecom Anusha
Published 30 Mar, 2016 12:00am
Zehri meets Shahbaz

Zehri meets Shahbaz

Balochistan Chief Minister Sanaullah Zehri met Punjab Chief Minister Shahbaz Sharif, here Tuesday. Balochistan Chief Minister strongly condemned Gulshan Iqbal Park tragedy and expressed deep sense of sorrow and grief over the loss of precious human lives
Published 30 Mar, 2016 12:00am
Qatar wants to set up two power plants: envoy
Exchange

Qatar wants to set up two power plants: envoy

Ambassador of Qatar to Pakistan Saqr Bin Mubarak Al-Mansouri said on Tuesday that his country was interested to build two power plants in Pakistan for which initial studies were in progress. He said Qatari and Chinese companies were already working on fou
Published 30 Mar, 2016 12:00am
District government announces prize for killing rats

District government announces prize for killing rats

District Government Peshawar has decided taking urgent steps for elimination of rats from the provincial metropolis and announced payment of Rs 25/- prize for each killed rat. The decision was taken in a meeting held here with District Nazim Mohammad Asim
Published 30 Mar, 2016 12:00am
KP PA parliamentary leaders call on Jhagra

KP PA parliamentary leaders call on Jhagra

A delegation of parliamentary leaders of Khyber Pakhtunkhwa Assembly led by Chief Minister Pervez Khan Khattak called on the Governor Khyber Pakhtunkhwa, Iqbal Zafar Jhagra here at Governor's House Peshawar Tuesday. They remained with the Governor for som
Published 30 Mar, 2016 12:00am
German envoy urges REAP to play role in promoting trade
Exchange

German envoy urges REAP to play role in promoting trade

German ambassador to Pakistan Ina Lepel has called upon the rice exporters to play their role in promoting the bilateral trade and further strengthening the economic relations between Pakistan and Germany. 'We have good economic relations but there is mor
Published 30 Mar, 2016 12:00am
Enrolment campaign School-Partners of PEF urged to ensure success

Enrolment campaign School-Partners of PEF urged to ensure success

School-Partners of the Punjab Education Foundation have been urged to ensure the success of this year's enrolment campaign. The campaign is to be launched by the School Education Department on April 1s in the province claiming to target a hundred-percent
Published 30 Mar, 2016 12:00am
President urges Saarc states to address social issues

President urges Saarc states to address social issues

President Mamnoon Hussain on Tuesday said maternal and child healthcare was the foundation of development of a society and called upon the Saarc countries for collective efforts to address the important social issue. Addressing at the inauguration of regi
Published 30 Mar, 2016 12:00am
Security beefed up in Peshawar

Security beefed up in Peshawar

The district police and law enforcing agencies intensified security in the city while beefing up joint patrolling, police pickets and search operations in various areas in the wake of suicide attack in Lahore that claimed 74 lives and left 313 injured. Po
Published 30 Mar, 2016 12:00am
IGP orders immediate steps to end traffic jams in Karachi

IGP orders immediate steps to end traffic jams in Karachi

Inspector General of Police (IGP) Sindh, A D Khawaja on Tuesday took serious notice of crippling traffic jams in the city and issued special directives to Karachi Traffic Police to take strict measures ensuring better traffic system particularly during pe
Published 30 Mar, 2016 12:00am
Motorways, Highways: Committee discusses setting up of Trauma Centres

Motorways, Highways: Committee discusses setting up of Trauma Centres

The National Assembly Standing Committee on Communications met here on Tuesday under the Chairmanship of Sufyan Yusuf to discuss the policy to set up Trauma Centers along motorways and highways with the help of Provincial Health Departments. The Committee
Published 30 Mar, 2016 12:00am
Hunar-e-Hawa Mela from April 1

Hunar-e-Hawa Mela from April 1

In order to provide a platform to women entrepreneurs from KP to exhibit their skills, the Tourism Corporation Khyber Pakhtunkhwa (TCKP) would organise a three-day event "Hunar Hawa Mela" from April 1. The event will be held at the PIA Planetarium in Haya
Published 30 Mar, 2016 12:00am
Oscar winner pays tribute to blast victims

Oscar winner pays tribute to blast victims

Pakistan's first Academy award winner, director Sharmeen Obaid-Chinoy, has paid tribute to victims of the Easter bombing in Lahore with a short film posted to her Facebook page.
Published 30 Mar, 2016 12:00am
FBR field offices to remain open till night

FBR field offices to remain open till night

All field offices of the Federal Board Revenue will remain open and observe extended working hours ie 09:00 am to 08:00 pm on Wednesday (March 30, 2016) and 09:00 am to 10:00 pm on Thursday (March 31, 2016) for collection of duty/taxes. Field offices of t
Published 30 Mar, 2016 12:00am
KCFR signs agreement with IPIS
Exchange

KCFR signs agreement with IPIS

Karachi Council on Foreign Relations and the Institute for Political and International Studies (IPIS) - Iran signed an accord to develop cooperation and partnership between the two institutions in the Prime Minister House on March 25th, 2016. Iranian Pres
Published 30 Mar, 2016 12:00am