At least 13 people were killed on Tuesday in twin bombings near UN and African Union buildings adjoining Mogadishu's airport, police said, in what the jihadist Shabaab group claimed as a suicide attack. The al Qaeda aligned Shabaab group is blamed for a s

The US will continue naval patrols in the disputed South China Sea, Washington's National Security Adviser Susan Rice told Chinese representatives during a series of meetings in Beijing, a senior American official said Tuesday. Rice is among the highest-l

The country Director of Asian Development Bank Werner Liepach called on the Auditor General of Pakistan Rana Asad Amin in his office on 26th July 2016. The meeting was held in a cordial atmosphere. The ADB country Director requested the Auditor General fo

Senate Standing Committee on Information Technology and Telecommunication on Tuesday unanimously passed "Prevention of Electronic Crime Bill, 2016" with amendments to water down the law by providing more safeguards and trimming the unbridled powers of inv

Senate Standing Committee on Information Technology and Telecommunication on Tuesday unanimously passed "Prevention of Electronic Crime Bill, 2016" with amendments to water down the law by providing more safeguards and trimming the unbridled powers of inv

The Senate was informed on Tuesday that Punjab province which is considered to be the stronghold of Sharifs, had handpicked 23 federal secretaries from their province in pool of 41 federal secretaries, while there is none from Balochistan. In a written re

Established in 1984, Century Paper & Board Mills Limited (CPBM) is the flagship company of the Lakson Group of Companies. In 1990, Century started its commercial production and quickly became the market leader particularly in packaging boards segment. It

Established in 1984, Century Paper & Board Mills Limited (CPBM) is the flagship company of the Lakson Group of Companies. In 1990, Century started its commercial production and quickly became the market leader particularly in packaging boards segment. It

ICE cotton fell for the second straight session to the lowest in over a week on Monday, pressured by forecasts of favorable weather conditions for the natural fibre crop. "It looks like we will get some desperately needed rain," said Louis Barbera of ICAP

Shanghai Futures Exchange copper fell 1 percent to 37,810 yuan ($5,662) a tonne on Tuesday as the appetite for risk among investors fell, and volumes dwindled ahead of the US Federal Reserve's policy meeting starting later in the session. Caution gripped

Aluminium hit the lowest in a month on Tuesday while zinc and nickel touched one-week lows on market uncertainty ahead of the US central bank meeting and as investors sold to book profits from a recent rally. The US Federal Reserve, which begins its two-d

Oil prices dipped on Tuesday, with US crude hitting three-month lows, as oversupply concerns weighed on the petroleum complex ahead of data likely to show unseasonably high gasoline stocks despite the peak US summer driving period. Oil prices are still up

Benchmark Tokyo rubber futures slid to a 2-week low on Tuesday, extending losses into a third session, as a stronger yen and bearish sentiment on oil prompted a flurry of selling while continued falls in Shanghai rubber futures added to pressure. The Toky

The following were Tuesday's Rotterdam vegetable oil prices at 1600 GMT:

The following were Tuesday's Rotterdam vegetable oil prices at 1600 GMT:

Malaysian palm oil futures reversed losses in late trade on Tuesday, in response to a stronger performance by US soyabean oil, plus Malaysia's commitment to raise the minimum bio content in biodiesel, which will boost palm oil consumption. Benchmark palm

Raw sugar futures fell for the first time in four sessions on Tuesday, giving back the prior session's rally on pressure from earlier weakness in larger commodity markets, while cocoa slightly extended losses to multi-week lows. Arabica coffee was little

Gold was little changed on Tuesday, after falling in the past two sessions, as the dollar slipped and equities eased ahead of the US Federal Reserve meeting later in the day. Spot gold was up 0.1 percent $1,316.80 an ounce at 0655 GMT, hovering above the

Gold rose on Tuesday as the dollar fell, but remained hemmed into a range ahead of a two-day Federal Reserve policy meeting this week, which will be closely watched for clues on the outlook for US interest rates. The dollar slid a quarter of a percent aga

Germany will harvest 26.03 million tonnes of wheat this year, down 1.9 percent from a hefty crop in 2015, French consultancy Agritel said on Tuesday, basing its estimate on a crop tour carried out in early July. Concerns have mounted in the second-largest

Chicago Board of Trade wheat futures plunged as much as 3 percent on Tuesday, heading for their largest daily losses in three weeks on pressure from ample global grain supplies and following declines in Euronext wheat, traders said. Wheat on the Paris exc

Cocoa prices are forecast to fall by the end of the year as the global market swings into surplus, a Reuters poll of 11 analysts, brokers and traders showed on Monday. The survey produced a median forecast of a global cocoa surplus of 114,500 tonnes in th

Gold pared losses on Monday as the dollar and world stock markets turned lower ahead of central bank meetings in the United States and Japan. The world's major economies pledged at a G20 meeting over the weekend, dominated by Britain's vote last month to

A polio campaign in Punjab's nine districts is successfully underway and will continue till Thursday, Health Advisor Khawaja Salman Rafique said on Tuesday. The nine selected districts are Dera Ghazi Khan, Muzaffargarh (except Kot Addu), Layyah (Tehsil La

The Punjab Board of Investment and Trade (PBIT) welcomed a delegation comprising of eminent Chinese businessmen including the President of JAC Company in Pakistan in order to discuss ways to enhance foreign direct investment in Pakistan. JAC Company is a

Punjab government is considering to get Rs 35 billion loan for smooth implementation of the Safe City project. Punjab government has initiated the project in the provincial metropolis with a goal to spread all around the province. However, financial const

Provincial Minister for Labour & Human Resource Raja Ashfaq Sarwar has said that due to endless efforts and personal interest of Chief Minister Punjab Shehbaz Sharif, there is conducive atmosphere for huge investment and trade in Punjab for foreign invest

Twelve globally-acclaimed companies having experience of implementing engineering, procurement and construction (EPC) projects, after fulfilling stringent criterion laid down by Punjab Saaf Pani Company (PSPC), have pre-qualified to execute Khadim-e-Punja

Twelve globally-acclaimed companies having experience of implementing engineering, procurement and construction (EPC) projects, after fulfilling stringent criterion laid down by Punjab Saaf Pani Company (PSPC), have pre-qualified to execute Khadim-e-Punja

"We would like to submit our clarification regarding the news published in Business Recorder dated July 26 about TEVTA. "TEVTA Punjab is an autonomous body with its own rules and regulations which was formed in 1999, to provide Technical and Vocati

Pakistan Peoples' Party (PPP) Punjab is looking positively towards the changes in PPP Sindh, saying that Bilawal Bhutto would take up the reorganization of Punjab chapter in second phase. The party sources expressed their sympathy with Syed Qaim Ali Shah,

The Competency Based Training (CBT) programme provides the foundation for the implementation of the National Vocational Qualifications Framework (NVQF). The Punjab Vocational Training Council (PVTC) is replicating the CBT in all its vocational training in

The business community of Southern Punjab had urged upon the government to review all counter-productive free trade agreements which are against the national interests but nobody was blamed yet and satisfactory steps were not taken to fix the issue. Presi

Continuing its commitment to increase awareness and visible presence of mutual funds investment in Pakistan, UBL Fund Managers Limited (UBL Funds) inaugurated a brand new investment centre in Phase III, DHA, Lahore on 26th July 2016. The inauguration cere

Continuing its commitment to increase awareness and visible presence of mutual funds investment in Pakistan, UBL Fund Managers Limited (UBL Funds) inaugurated a brand new investment centre in Phase III, DHA, Lahore on 26th July 2016. The inauguration cere

Director General of Strategic Export Control Division, Ministry of Foreign Affairs and head of a four-member team, Zafar Ali while addressing the Lahore Chamber of Commerce and Industry on Tuesday said, "Pakistan's measures to further strengthen its expor

Agricultural contents need to be made an essential part of electronic media headlines to guide people especially from rural area about the latest trends in agriculture as majority of our population is living in villages.

In line with its commitment to facilitate customers' lives, Pakistan's premier telecom services provider Telenor Pakistan has joined forces with Careem to provide discounted rides to Telenor customers. Careem is the premium transportation network company

Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has said agriculture policy has been an area of much debate in Pakistan and understandably so, given the country's reliance on its primary produce for both exports and domestic usage. However,

Chief Minister Khyber Pakhtunkhwa Pervez Khattak said that his government would formally inaugurate Mass Transit in Peshawar approximately in the month of November and directed the quarter concerned to fulfil all the requirements in this regard. These vie

English Biscuit Manufacturers will be extending support as a founding partner for the School of Leadership's (SoL) annual Young Leaders Conference (YLC) for its 15th edition. Over 300 young adults will participate in the six-day conference that will be he

Sardar Ayaz Sadiq, Speaker National Assembly has said that friendship between the Turkey and Pakistan is time tested and has roots in history. This fact cannot be denied that Turkey has always been a friend in need and stood by Pakistan in difficult times

Federal Minister for Planning, Development and Reform Ahsan Iqbal has directed the authorities concerned to establish a quick response system to help farmers dealing with the cotton crop related diseases. Federal Minister said that cotton is the mainstay

Provincial Minister for Local Government and Rural Development, Inayatullah Khan said on Tuesday that Khyber Pakhtunkhwa government was taking concrete steps to depoliticize police department by enacting laws and bringing reforms in the sector. He said th

Provincial cabinet during its meeting here on Tuesday unanimously approved a proposed draft of Khyber Pakhtunkhwa Urban Mass Transit Act 2016, which was prepared with the assistance of a team of experts, proposed by Asian Development Bank.

A parliamentary panel on Tuesday expressed its displeasure over missing of inquiry files filed against corrupt officials of the Capital Development Authority (CDA) and the owner of the Diplomatic Shuttle Services. A Sub-Committee of the Public Accounts Co

"I was so devastated."

The Securities and Exchange Commission of Pakistan (SECP) has conveyed its serious reservations to the leading consultants, who failed to play their due role in getting approval of the prospectus, on "Initial Public Offering (IPO)" of securities under Sec

The top court on Tuesday extended suspension of non-bailable arrest warrants for supermodel Ayyan Ali till September 21 in the murder case of a customs officer Ejaz Mehmood and asked Ayyan Ali to become part of the investigation of the case. Earlier, Ayya

A division bench of Lahore High Court Multan comprising Justice Muhammad Qasim Khan and Justice Masud Abid halted execution of a 'mentally-ill' condemned prisoner Imdad Ali who was to be hanged on Tuesday (today) in District Jail Vehari and sought a repor

Asian countries are urged to develop energy integration system in Asia and take concrete measures to do away with the challenges of poverty for achieving sustainable growth, stated participants at a two-day meeting of the Senate Standing Committee on Econ

National Accountability Bureau (NAB) Khyber Pakhtunkhwa arrested accused Tauheed-ul-Haq, District Forest Officer (DFO) (BPS-18), Haripur Forest Department Khyber Pakhtunkhwa allegedly involved in accumulation of illegal assets worth Rs 28.87 million. The

The Competition Commission of Pakistan (CCP) has issued an order disposing off show cause notices issued to three undertakings for violation of Section 10 of the Competition Act, 2010, after accepting their commitments to comply with the provisions of the

Pakistan Peoples Party Women Wing Islamabad celebrated birthday of Former President Asif Ali Zardari in Islamabad on Tuesday. Addressing the occasion former member Punjab Assembly Nargis Faiz Malik said that former President restored constitution of Pakis

In order to ensure transparency in the budgetary affairs of the district councils in the province, the Local Government & Rural Development Department (LG&RDD) Khyber Pakhtunkhwa on Tuesday directed its staff in the districts to film the budget proceeding

The city police claimed on Tuesday to have arrested a man who allegedly shot dead his real younger brother over a monetary dispute. A police official said that the Tarnol Police station arrested Jawad Ali who allegedly shot dead his brother. Jawad Ali ope

China says it will assist Pakistan in enhancing the productivity of its industrial sector. This was stated by Chinese Vice Minister for Foreign Affairs Zhang Yesui at a meeting with Punjab Chief Minister Shahbaz Sharif in Beijing on Tuesday. He said this

Central Core Committee meeting of United Business Group (UBG) is scheduled to be in October to finales and announce its candidate names for the seats of President, Senior Vice President and Vice Presidents, for forth coming elections of Federation of Paki

The Supreme Court on Tuesday issued show cause notices to Chief Secretary Sindh, Secretary Works & Services and two government officials, on deputation, to explain reasons behind showing negligence to observe court orders, failing which the court shall in

A parliamentary panel on Tuesday was informed that power transmission lines in Balochistan were unable to transport required electricity as the province's total demand is 1,680 Megawatts (MWs) while transmission line carries maximum 1,100 MWs. Additional

The Government of Khyber Pakhtunkhwa on Tuesday signed a memorandum of understanding (MoU) with British Council Pakistan, at a high-profile event, organised by KP Assembly. Speaker, KP Assembly, Asad Qaiser and British Council Acting Country Director, Jim

President Mamnoon Hussain has expressed satisfaction at the pace of development work in Balochistan and said that China-Pakistan Economic Corridor (CPEC) and development of Gwadar Port will lead to progress and prosperity in Pakistan particularly in Baloc

The arbitrary use of force against unarmed civilians in Indian occupied Jammu and Kashmir by the Indian security forces is a perfect case of violation of international humanitarian laws as under the Fourth Geneva Convention the acts of Indian forces are t

Acting Chief Justice of Pakistan, Justice Mian Saqib Nisar on Tuesday took a suo motu notice of media reports regarding abduction of 600 children in Punjab. The Acting CJP observed that in the recent past it has been widely publicized in the media, partic

In a bid to end discrimination against marginalized segments of society, Senate Tuesday formed a special committee to look into existing situation, laws and policies pertaining to handicapped, vulnerable children, women, transgender and minorities.

Police are investigating after a British man claimed his wife had been murdered in a so-called "honour" killing, ten days after the death of a social media star cast a spotlight on the practice. Mukhtar Kazam registered a complaint with police in Punjab p

All valuation rulings of the Directorate General of Customs Valuation Karachi have been timely uploaded on the Web-Based One Customs (WeBOC) clearance system on the same day of issuance for accurate assessment of customs duty on the imported items. Source

Governor Khyber Pakhtunkhwa, Engineer Iqbal Zafar Jhagra has said that peace has been restored as a result of successful operation of Zarb-e-Azb adding that due to great sacrifices rendered by our patriotic tribesmen and security forces we are now heading

District President Pakistan Muslim League-N Hyderabad, Muhammad Hanif Siddiqui, announced new body for Taluka Latifabad here on Tuesday. In a press conference at Press Club he announced that Muhammad Ayoub Rajput was nominated taluka president, Rafique Vi

The Drug Regulatory Authority of Pakistan (Drap) on Tuesday increased prices of medicines through a notification, saying the increase is linked with Consumer Price Index (CPI). "In pursuance of the Drug Pricing Policy-2015 and for transparency, fair pract

An anti-terrorism court on Tuesday sent Muttahida Qaumi Movement (MQM) leader Waseem Akhtar to jail on physical remand in the terror facilitation case. The court also issued a notice on two separate bail applications, shifting the matter to ATC-I. On a pl

Pakistan International Airlines (PIA) is all set to launch premier service for its London bound passengers from August 14, 2016. According to details, Chairman PIA, Azam Saigol, chaired a meeting to review matters relating to the launch of PIA's premier s

Taxpayers are facing immense difficulties as all three Regional Tax Offices (RTOs) in Karachi have refused issuing exemption certificates for tax year 2017, following jurisdictional changes to be effective from August 1, 2016. The issue was raised by the

Pakistan's Islamic Banking deposits are expected to reach Rs 4 trillion by 2020 attaining a market share of 20 percent of the local banking sector. Speaking at the inaugural session of "Workshop on Islamic Finance for Media Professionals", Ahmed Ali Siddi

Pakistan enjoyed nearly $2 billion trade surplus in bilateral trade with the United States during 2015, said American Ambassador David Hale here at Pakistan Stock Exchange (PSX) Tuesday. Tuesday was a busy day for Hale who, according to US Consulate Karac

Security arrangements in schools, colleges and universities will be re-checked before the end of summer vacations and focal persons will monitor the steps. The re-checking order came from Punjab Chief Secretary Zahid Saeed chairing a meeting of the Admini

Islamabad Electric Supply Company (IESCO) apprehended 8 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 two culprits were caught red-handed f

Mouinuddin Tarique Khan, a senior staff member of Business Recorder, passed away on Tuesday. He was 54. He left behind wife and three sons to mourn his death. A large number of people, including journalists, attended his funeral prayer held after A

Professor Dr Muhammad Siddique Kalhoro, Vice-Chancellor, University of Sindh presided over a meeting organized to review quality and concerns regarding the research journals published periodically by various faculties, departments/institutes/ centers of t

Authorities arrested one more person for suggesting that the army seize power from the civilian government of Prime Minister Nawaz Sharif, police said on Tuesday. Police arrested Muhammad Islam Khan in Bannu on Monday after he staged a poll on a street, a

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is organizing a seminar on "Education system - Problem & Solution" in collaboration with Old Ravian Association Karachi (ORAK) on July 30, 2016 at Federation House Karachi. This was stated b

At least eight of the 32 institutional lenders of Dewan Cement Limited (DCL) have filed a winding-up petition in the court against the defaulting company, it emerged Tuesday. DCL, a Yousuf Dewan company, owes to its lenders over Rs 7.164 billion in aggreg

American Ambassador David Hale and Sindh Chief Minister Qaim Ali Shah on Tuesday inaugurated the Lincoln Corner at Liaquat Memorial Library in Karachi. The Karachi site will serve as the flagship Lincoln Corner in Pakistan. On this occasion Special Assist

Iran and Pakistan are complementary to each other and their relations are strategic, Minister of Interior Abdolreza Rahmani Fazli said on Tuesday. He made these remarks in a meeting with Pakistani Adviser to Prime Minister on National Security Nasir Khan

Sindh Minister for Population Welfare Syed Ali Mardan Shah has said that there were no differences among the Pakistan People's Party on the issue of chief ministership and the entire party cadre was following the policy of leadership in the regard. Addres

Sindh Chief Minister Syed Qaim Ali Shah has said that Pakistan Peoples' Party leadership has decided to induct a new chief minister in his place. "I bow down before the decision of the party. It must have taken right decision." This he said while talking

A target killer associated with a banned outfit on Tuesday confessed to killing three employees of a TV channel among others. The investigation report stated that Sarfraz was arrested in Federal B Area and revealed during interrogation that he murdered a

Politicians of opposition parties, who got their loans of billions waved off and named in Panama papers, should be made accountable following the example set by Prime Minister Nawaz Sharif by presenting himself for accountability. The PM not only held the

According to media reports, on July 25, based on the advice of the Prime Minister, the President has appointed four new members of the Election Commission of Pakistan. Of these four members, three are former judges of the provincial High Courts, but the f

When her husband first ran for president in 2008, Michelle Obama cautiously entered the political arena, fully supportive of his candidacy yet wary of the country's partisan battles. Two terms later, the first lady known for her wit, style and tact has em

There seems to be no stopping the Pakistan Stock market. It is like the bean stalk that keeps taking Jack up and up. Every day it reaches a new high, staying way ahead of its rival across the border. The other race horse - foreign exchange reserves - look

Clinton or Trump? That is the question that is going to keep almost the entire world engaged in a guessing game until the day of reckoning - November 8, 2016. But no matter who would win, the US along with countries under its sphere of influence is likely

Prime Minister Nawaz Sharif chaired the National Security Council's long overdue meeting on Friday. Although initially scheduled to discuss the border tensions with Afghanistan and some internal security issues, sudden escalation of violence in the Indian

The Finance Department of Khyber Pakhtunkhwa (KPK) has initiated reforms targeted towards improving service delivery, fiscal management and accountability through publishing a 'citizen's budget' which is defined as assisting the non-specialists in underst

The Election Commission of Pakistan (ECP) on Tuesday told Senate's Standing Committee on Parliamentary Affairs that the Commission would face complications if legislation was made for making 10 percent voting by women compulsory for valid election in any

The government has placed Intellectual Property Organisation (IPO) under Ministry of Commerce in the light of Strategic Trade Policy Framework 2015-18. IPO-Pakistan is the focal government body for registration and protection of Intellectual Property righ

Ambassador of Hungary to Pakistan Istvan Szabo Tuesday said that his country supports Pakistan's government efforts for strengthening regional peace and security to eradicate terrorist activities which would further bolster the issues of illegal, unchecke

Bilawal Bhutto Zardari on Tuesday nominated Senior Minister for Finance and Energy Syed Murad Ali Shah as the party candidate for the chief ministership of Sindh, it has been learnt. Addressing PPP Sindh Parliamentary Party meeting on Tuesday, Biawal Bhut

The weather report on Tuesday (July 26, 2016) and the forecast for Wednnesday (July 27, 2016).

Bilawal Bhutto Zardari on Tuesday nominated Senior Minister for Finance and Energy Syed Murad Ali Shah as the party candidate for the chief ministership of Sindh, it has been learnt. Addressing PPP Sindh Parliamentary Party meeting on Tuesday, Biawal Bhut