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Print - 2016-10-19
Robot explorers all set for Mars tryst: ESA

Robot explorers all set for Mars tryst: ESA

Europe was poised Tuesday to place a paddling pool-sized lander on Mars and a gas-sniffing craft in its orbit as part of a mission with Russia to scour the Red Planet for signs of life. High-stakes manoeuvres Wednesday should see the Trace Gas Orbiter (TG
Published 19 Oct, 2016 12:00am
World Bank to loan Bangladesh $2 billion for climate fight

World Bank to loan Bangladesh $2 billion for climate fight

World Bank president Jim Yong Kim Tuesday announced $2 billion in soft loans for Bangladesh to help one of the world's impoverished nations to fight climate change. Bangladesh has been one of the worst victims of global warming, with thousands of people b
Published 19 Oct, 2016 12:00am
UN announces truce in new attempt to end Yemen war

UN announces truce in new attempt to end Yemen war

The United Nations has announced a new cease-fire in war-ravaged Yemen from early Thursday, after a week of escalated fighting sparked new international calls to end the conflict. While President Abedrabbo Mansour Hadi's government and its Saudi backers s
Published 19 Oct, 2016 12:00am
Eight dead in Angola concert stampede

Eight dead in Angola concert stampede

At least eight spectators were killed at a music festival in Angola at the weekend, police said Tuesday, with one witness saying that a stampede started at the over-crowded stadium where doors had been locked. Police in the western city of Benguela issued
Published 19 Oct, 2016 12:00am
Russia halts Aleppo strikes ahead of brief truce

Russia halts Aleppo strikes ahead of brief truce

Moscow announced Tuesday that Russian and Syrian air forces have stopped bombing Aleppo ahead of a brief truce, a move the Kremlin said showed "goodwill" as it faces mounting criticism for backing a brutal regime offensive. It comes a day after Russia sai
Published 19 Oct, 2016 12:00am
PCDMA chairman too criticises SBP decision

PCDMA chairman too criticises SBP decision

Chairman of Pakistan Chemicals and Dyes Merchant Association (PCDMA) Nasiruddin Fateh Kukda has urged the federal government to reconsider shifting of five keys departments of the State Bank of Pakistan (SBP) from Karachi to Lahore.
Published 19 Oct, 2016 12:00am
AGPL starts restructuring inherited loans

AGPL starts restructuring inherited loans

In an effort to further consolidate and fortify its financial position, committed leadership of Admore Gas Private Limited (AGPL) has begun the process of restructuring inherited loans. The AGPL spokesman said that the previous management had defaulted on
Published 19 Oct, 2016 12:00am
Rejoinder to FBR clarification
Currency

Rejoinder to FBR clarification

In their rejoinder Huzaima Bukhari and Dr Ikramul Haq have stated the following: This is with reference to Politics and 'business wars': clarification by FBR, published in Business Recorder of 18 October 2016.
Published 19 Oct, 2016 12:00am
Flying Cement Company Limited

Flying Cement Company Limited

Flying Cement Company (FLCCL) formerly known as Zaman Cement Company Limited was incorporated as a Public Limited Company in 1992 under the Companies Ordinance 1984. The company is listed on the PSX. The factory is located in Mangowal, District Khushab, i
Published 19 Oct, 2016 12:00am
Flying Cement Company Limited

Flying Cement Company Limited

Flying Cement Company (FLCCL) formerly known as Zaman Cement Company Limited was incorporated as a Public Limited Company in 1992 under the Companies Ordinance 1984. The company is listed on the PSX. The factory is located in Mangowal, District Khushab, i
Published 19 Oct, 2016 12:00am
Efforts on to improve gas pressure in Sialkot: GM SNGPL

Efforts on to improve gas pressure in Sialkot: GM SNGPL

Sui Northern Gas Pipelines is making adequate efforts for improving the gas pressure in Sialkot, said General Manager (SNGPL) Riasat Ali Bajwa. Talking to Business Recorder on Tuesday here he said that two projects costing Rs 410 million are under
Published 19 Oct, 2016 12:00am
Punjab government's package for sowing pulses enters final phase

Punjab government's package for sowing pulses enters final phase

The Punjab government's three-year package worth Rs 148 million for promotion of sowing of pulses in the province has entered the final phase launched under 'Khushal Kissan-Developed Pakistan' programme. Grams, masoor, mong and mash are the most important
Published 19 Oct, 2016 12:00am
About 4.3 million cotton bales reach ginneries
Cotton

About 4.3 million cotton bales reach ginneries

Pakistan Cotton Ginners Association (PCGA) has issued the figures of cotton arrival up to October 15th, 2016. Seed cotton (Phutti) equivalent to over 43,74,982 bales of cotton have reached ginneries across Pakistan as of October 15th showing a decrease of
Published 19 Oct, 2016 12:00am
PCJCCI identifies eight potential areas for Chinese investment

PCJCCI identifies eight potential areas for Chinese investment

Pak-China joint Chamber of Commerce and Industry is taking special initiatives to bring investment from China in eight potential industrial sectors including furniture, handicrafts, textiles, fertilizer, cement, glass work, energy and pharmaceuticals.
Published 19 Oct, 2016 12:00am
PEF starts second phase of teacher development programme

PEF starts second phase of teacher development programme

Punjab Education Foundation (PEF) has launched the level two of Teacher Development Program (TDP) in the province. During this phase, as much as 328 teachers' trainings would be held in 36 districts of the province. The training program is aimed to sensit
Published 19 Oct, 2016 12:00am
Rajwana for enhancing trade ties with all friendly states

Rajwana for enhancing trade ties with all friendly states

Punjab governor Malik Muhammad Rafique Rajwana said on Tuesday that Pakistan believes in enhancing trade relations with all friendly countries on the basis of peaceful co-existence. Talking to honorary ambassador of Moldova Mian Mahmood ul Hassan, the gov
Published 19 Oct, 2016 12:00am
Punjab Assembly for setting up of varsities in each district

Punjab Assembly for setting up of varsities in each district

The Punjab Assembly in its 24th session here on Tuesday passed a resolution demanding the establishment of a university in each district of the province. MPA Waseem Akhtar moved the resolution during the assembly session which was chaired by Deputy Speake
Published 19 Oct, 2016 12:00am
Urban Development Sector: PDWP approves development schemes

Urban Development Sector: PDWP approves development schemes

The Punjab Provincial Development Working Party approved the development scheme of Urban Development Sector with an estimated cost of Rs 497.750 million. The scheme was approved in the 22nd meeting of Provincial Development Working Party (PDWP) of current
Published 19 Oct, 2016 12:00am
Metro bus trial service starts in Multan

Metro bus trial service starts in Multan

The metro bus service has been started on trial basis in Multan on Tuesday. The provincial government has decided to officially inaugurate metro bus service in the city from November after which it will be completely opened for the citizens. However, the
Published 19 Oct, 2016 12:00am
No scope for martial law: JI chief

No scope for martial law: JI chief

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, has said that no foreign agenda would work in Pakistan in the future nor there would be martial law. According to media cell of Jamaat-e-Islami-Lahore while addressing a press conference at Aza Khel
Published 19 Oct, 2016 12:00am
FCCI chief demands uniform taxation system

FCCI chief demands uniform taxation system

Complete harmony between the government, bureaucracy and public is imperative to achieve the ultimate objectives of progress, prosperity and stability of Pakistan, said Engineer Muhammad Saeed Sheikh President Faisalabad Chamber of Commerce and Industry (
Published 19 Oct, 2016 12:00am
Sajjad Shaikh literary, cultural forum launched

Sajjad Shaikh literary, cultural forum launched

A forum in the memory of Professor Sajjad Ahmed Shaikh, a respected teacher, writer, critic and former vice principal of Gordon College, was launched the other day as the speakers stressed the need for involving young generation in literary and cultural a
Published 19 Oct, 2016 12:00am
Zardari pays homage to 'martyrs' of Karsaz tragedy

Zardari pays homage to 'martyrs' of Karsaz tragedy

Former President Asif Ali Zardari Tuesday paid homage to the 'martyrs' of Karsaz tragedy and vowed to continue war against religious fanaticism and bigotry. Asif Zardari, in a message on ninth anniversary of Karsaz tragedy, said the battle lines were draw
Published 19 Oct, 2016 12:00am
Zero hunger programme: hard work needed to achieve objectives: Bosan

Zero hunger programme: hard work needed to achieve objectives: Bosan

The government of Pakistan has seriously taken up zero hunger programme as well as Sustainable Development Goals, said Minister for National Food Security and Research, Sikandar Hayat Khan Bosan on Tuesday. "In order to achieve objectives of zero hunger p
Published 19 Oct, 2016 12:00am
TTP Swat commander among 50 held

TTP Swat commander among 50 held

Karachi police arrested 50 suspects including Tehreek-e-Taliban Pakistan (TTP) Swat commander in Karachi in the wee hours of Tuesday, police officials said. According to SHO Manghopir Ghulam Hussain Koraye, police conducted a search operation in Manghopir
Published 19 Oct, 2016 12:00am
Body formed to probe issue of KPT land encroachment

Body formed to probe issue of KPT land encroachment

National Assembly Standing Committee on Ports and Shipping on Tuesday constituted a Sub-Committee to probe into issues of land encroachment of Karachi Port Trust (KPT) and employment of officials on discretionary quota. Meeting of the committee was held u
Published 19 Oct, 2016 12:00am
JUI-F not against KP-FATA merger: Fazl

JUI-F not against KP-FATA merger: Fazl

Jamiat Ulema-e-Islam Fazl (JUI-F) Chief Maulana Fazlur Rehman on Tuesday said that his party is not against merger of FATA into Khyber Pakhtunkhwa. Talking to a delegation of his party leaders and workers in Peshawar, he said JUI-F will accept every decis
Published 19 Oct, 2016 12:00am
Application filed in Supreme Court against gas loadshedding

Application filed in Supreme Court against gas loadshedding

An application was filed in the Supreme Court on Tuesday, seeking court directives to the federal government for cancellation of announced gas loadshedding for consumers in Punjab during the upcoming winter season. Filing the application, Senator Babar Aw
Published 19 Oct, 2016 12:00am
Telenor emerges as highest taxpaying telecom company

Telenor emerges as highest taxpaying telecom company

Pakistan's foremost telecom and digital services provider, Telenor Pakistan, has emerged as one of the highest taxpaying private sector telecom companies in the country, as per the latest FBR tax directory stats.
Published 19 Oct, 2016 12:00am
Pak-Italy bilateral consultations held

Pak-Italy bilateral consultations held

Pakistan-Italy political bilateral consultations were held in Islamabad on Tuesday. Foreign Secretary Aizaz Ahmad Chaudhry led the Pakistan delegation while the Italian side was led by Ambassador Elisabetta Belloni, Secretary General of the Ministry of Fo
Published 19 Oct, 2016 12:00am
Access Group launches 'DigitalPass'

Access Group launches 'DigitalPass'

Access Group - Pakistan's largest third-party transaction processing network has announced the launch of DigitalPass, a complete ecosystem catering to the next generation of digital services. Serving the financial, corporate & retail sectors, DigitalPass
Published 19 Oct, 2016 12:00am
SSUET observes 199th birth anniversary of Sir Syed

SSUET observes 199th birth anniversary of Sir Syed

The rich tributes were paid to the great visionary and reformer of subcontinent Sir Syed Ahmed Khan at his 199th birth anniversary, observed under the aegis of Aligarh Muslim University Old Boys' Association (AMUOBA) and Sir Syed University of Engineering
Published 19 Oct, 2016 12:00am
PAF pilot martyred in aircraft crash

PAF pilot martyred in aircraft crash

A pilot of the Pakistan Air Force (PAF) was martyred on Tuesday as his Mirage jet crashed near Karachi's Musharraf Colony. The martyred pilot was identified as Wing Commander Fayyaz. According to Squadron leader Baqir Ali, PAF Mirage jet bearing tale numb
Published 19 Oct, 2016 12:00am
US CG visits Isra university

US CG visits Isra university

US Consul General Grace Shelton visited Isra University, Hyderabad on Tuesday. The visit was observed with reference to the ongoing partnership of Isra University, Hyderabad with the Ball State University, USA. The project will promote entrepreneurship an
Published 19 Oct, 2016 12:00am
India, Afghanistan fail to achieve nefarious goals: Dr Malik

India, Afghanistan fail to achieve nefarious goals: Dr Malik

Former Chief Minister Balochistan Dr Abdul Malik Baloch has said that the governments of India and Afghanistan were trying to take advantage of some issues in the province, however, the situation has now entirely changed and both the countries could not s
Published 19 Oct, 2016 12:00am
ISL posts Rs 565.718 million PAT

ISL posts Rs 565.718 million PAT

International Steel Limited has posted Rs 565.718 million as profit after tax in the quarter ended September 30, 2016 as compared to after tax loss of Rs 202.585 million in the same quarter last year. The board of directors of the company in its meeting h
Published 19 Oct, 2016 12:00am
ISL posts Rs 565.718 million PAT

ISL posts Rs 565.718 million PAT

International Steel Limited has posted Rs 565.718 million as profit after tax in the quarter ended September 30, 2016 as compared to after tax loss of Rs 202.585 million in the same quarter last year. The board of directors of the company in its meeting h
Published 19 Oct, 2016 12:00am
Faran Sugar to invest Rs 280 million in food company project

Faran Sugar to invest Rs 280 million in food company project

Faran Sugar Mills Limited has planned to establish a food company with the initial investment of Rs 280 million. According to material information sent to Pakistan Stock Exchange, the board of directors of Faran Sugar Mills has discussed a proposal for in
Published 19 Oct, 2016 12:00am
JS Global Capital earns Rs 40.289 million PAT

JS Global Capital earns Rs 40.289 million PAT

JS Global Capital Limited has earned Rs 40.289 million as profit after tax in the quarter ended September 30, 2016 as compared to Rs 70.118 million earned in the same quarter last year. The board of directors of the company in its meeting held here declar
Published 19 Oct, 2016 12:00am
JS Global Capital earns Rs 40.289 million PAT

JS Global Capital earns Rs 40.289 million PAT

JS Global Capital Limited has earned Rs 40.289 million as profit after tax in the quarter ended September 30, 2016 as compared to Rs 70.118 million earned in the same quarter last year. The board of directors of the company in its meeting held here declar
Published 19 Oct, 2016 12:00am
Bilawal urges MQM's Abidi to join PPP

Bilawal urges MQM's Abidi to join PPP

Chairman of Pakistan People's Party (PPP) Bilawal Bhutto Zardari on Tuesday invited Muttahida Qaumi Movement (MQM) Parliamentarian Ali Raza Abidi to join his party. The MQM leader, in his tweet, had stated that differences between Pak Sarzameen Party (PSP
Published 19 Oct, 2016 12:00am
DIBP, Pakistan Air Force sign MoU

DIBP, Pakistan Air Force sign MoU

Dubai Islamic Bank Pakistan (DIBP) and Pakistan Air Force (PAF) recently signed a historic memorandum of understanding (MoU) which will enable DIBP to offer personal finance, auto finance, and home finance facilities to PAF personnel across the country. D
Published 19 Oct, 2016 12:00am
MCB Bank organises seminar on Brexit

MCB Bank organises seminar on Brexit

MCB Bank Limited, Pakistan's leading private sector bank, organised a seminar titled "Brexit and the EU: The Way Forward" at the Bank's Head Office in Lahore. The seminar was arranged by MCB Bank to inform customers about the conditions that led to the un
Published 19 Oct, 2016 12:00am
120 wine shops in Sindh: SHC issues order revoking licences

120 wine shops in Sindh: SHC issues order revoking licences

The Sindh High Court (SHC) on Tuesday directed the Sindh Excise and Taxation Department's Director General to initiate the process of revoking licences of 120 wine shops in the province granted in violation of the Prohibition (Enforcement of Hadd) Order 1
Published 19 Oct, 2016 12:00am
Zardari greets Sindh chief minister for holding historic rally

Zardari greets Sindh chief minister for holding historic rally

Sindh Chief Minister Syed Murad Ali Shah has received applauses, congratulations and well wishes for organising a historic "Salam Shuhda" rally in the city on last Sunday. President PPP Asif Ali Zardari appreciating the efforts and organization work of Si
Published 19 Oct, 2016 12:00am
Spectrum Y&R wins two awards

Spectrum Y&R wins two awards

Spectrum Y&R, an affiliate of the Y&R network, has been awarded two prestigious wins on an international platform, ie the Spikes Asia Award and Creativity International Awards. Y&R Singapore and Spectrum Y&R's innovative effort 'Kites of Hope' won the Bro
Published 19 Oct, 2016 12:00am
Investors asked to opt for Pakistan's renewable energy sector

Investors asked to opt for Pakistan's renewable energy sector

The government in collaboration with China has undertaken several energy projects which would help overcome loadshedding menace by early 2018, said Federal Minister for Science and Technology Rana Tanveer Hussain on Tuesday. He said this during his addres
Published 19 Oct, 2016 12:00am
Fatemi meets FMs of Uzbekistan and Maldives

Fatemi meets FMs of Uzbekistan and Maldives

Special Assistant to Prime Minister on Foreign Affairs (SAPM), Syed Tariq Fatemi held a bilateral meeting with the Foreign Minister of Uzbekistan in Tashkent on Monday. Tariq Fatemi is in Uzbekistan to attend the 43rd Session of the OIC Council of Foreign
Published 19 Oct, 2016 12:00am
Indifferent attitude of bureaucracy comes under fire in KP PA

Indifferent attitude of bureaucracy comes under fire in KP PA

The provincial bureaucracy came under fire in the provincial assembly for not giving importance to the provincial assembly and making delay in the submission of answers to the questions of legislators regarding the performance of government departments. T
Published 19 Oct, 2016 12:00am
DSP, HC dismissed from services

DSP, HC dismissed from services

The Inspector General of Police (IGP) Khyber Pakhtunkhwa Nasir Khan Durrani in light of the inquiry committee report has dismissed one DSP and one Head Constable of Counter Terrorism Department (CTD) Lakki Marwat from service with immediate effect.
Published 19 Oct, 2016 12:00am
Offshore companies - a bullet to bite
Currency

Offshore companies - a bullet to bite

Money laundering is the process by which illegally earned money (mostly in cash form) is filtered or laundered through the financial system. In other words, it is a process of creating the appearance that large amounts of money obtained from serious crime
Published 19 Oct, 2016 12:00am
Controversial story: Prime Minister, Nisar discuss probe

Controversial story: Prime Minister, Nisar discuss probe

Federal interior minister Chaudhry Nisar Ali Khan called on Prime Minister Nawaz Sharif at the Prime Minister's House on Tuesday and apprised him of the ongoing inquiry into the Dawn newspaper's controversial story about a national security meeting. Aa
Published 19 Oct, 2016 12:00am
Linguistics conference begins at PU

Linguistics conference begins at PU

The second international Conference of the Linguistic Association of Pakistan (ICLAP) being organized by Punjab University Institute of Languages in collaboration with Higher Education Commission of Pakistan (HEC) kicked off here on Tuesday. Dean Faculty
Published 19 Oct, 2016 12:00am
Pakistan-China car rally participants visit historical places

Pakistan-China car rally participants visit historical places

The participants of 'Pak-China Friendship Car Rally' visited cultural and historical places of Lahore on Tuesday. The 51-member Chinese delegation reached Lahore via motorway on Monday to highlight the significance of China Pakistan Economic Corridor (CPE
Published 19 Oct, 2016 12:00am
South Korea's National Foundation Day celebrated

South Korea's National Foundation Day celebrated

South Korean Embassy hosted a reception to celebrate its National Foundation Day and the Armed Forces Day on Tuesday. Federal Minister for Industries, Ghulam Murtaza Jatoi, Federal Minister for Religious Affairs, Sardar Muhammad Yousaf, Minister of State
Published 19 Oct, 2016 12:00am
'No polio case for last several years in Mohmand Agency'

'No polio case for last several years in Mohmand Agency'

Mohmand Agency Political Agent (PA) Mahmood Aslam Wazir has said that due to vigorous efforts and regular conduct of immunisation campaign, no polio case was reported during last several years in the tribal agency. He praised the security forces for provi
Published 19 Oct, 2016 12:00am
Dar praised for successful completion of IMF programme

Dar praised for successful completion of IMF programme

US Trade Representative (USTR) Ambassador Michael Froman called on Minister for Finance Senator Mohammad Ishaq Dar here on Tuesday. Welcoming the dignitary to Pakistan, the Finance Minister apprised Ambassador Froman on the reforms undertaken by the gover
Published 19 Oct, 2016 12:00am
Business community rejects proposed 36 percent increase in gas price

Business community rejects proposed 36 percent increase in gas price

President Sialkot Chamber of Commerce and Industry (SCCI) Majid Raza Bhutta said that business community has rejected the proposed 36 percent increase in Sui gas price. Talking to reporters here on Tuesday, he appealed to the prime minister to take immedi
Published 19 Oct, 2016 12:00am
PESSI to meet each month to deal with businessmen's issues

PESSI to meet each month to deal with businessmen's issues

The Punjab Labour Welfare Department Punjab Employees' Social Security Institution (PESSI) will meet on monthly basis to resolve the business community's issues. This was resolved at a meeting between LCCI Vice President Muhammad Nasir Hameed Khan, Direct
Published 19 Oct, 2016 12:00am
BoI chief explains investment scope to PBC UAE team

BoI chief explains investment scope to PBC UAE team

Ahmed Shaikhani, President, Pakistan Business Council, UAE alongwith 11-member delegation visited Board of Investment and met with Minister of State/Chairman, BoI Dr Miftah Ismail and Azher Ali Chaudhry, Secretary, BoI. The Chairman welcomed the delegatio
Published 19 Oct, 2016 12:00am
Lesco restrained from recovering disputed arrears of GST

Lesco restrained from recovering disputed arrears of GST

The Lahore High Court on Tuesday restrained Lesco from recovering disputed arrears of general sales tax (GST) from electricity consumers and observed that the Federal Board of Revenue (FBR) has the jurisdiction to recover the disputed arrears of GST. Repr
Published 19 Oct, 2016 12:00am
Lesco restrained from recovering disputed arrears of GST

Lesco restrained from recovering disputed arrears of GST

The Lahore High Court on Tuesday restrained Lesco from recovering disputed arrears of general sales tax (GST) from electricity consumers and observed that the Federal Board of Revenue (FBR) has the jurisdiction to recover the disputed arrears of GST. Repr
Published 19 Oct, 2016 12:00am
Government making efforts to eradicate terrorism: minister

Government making efforts to eradicate terrorism: minister

Provincial Minister for Human Rights and Minorities Affairs Khlail Tahir Sandhu has said on Tuesday that the Punjab government has taken concrete steps to eradicate terrorism and extremism in the province. The provincial government is implementing the Nat
Published 19 Oct, 2016 12:00am
Qayyum discusses IoK situation with former British field marshal

Qayyum discusses IoK situation with former British field marshal

Special Envoy to the Prime Minister on Kashmir Senator Lieutenant General Abdul Qayyum (Retd) apprised former British field marshal and chief of defence British army Lord Guthrie about the situation in Indian Occupied Kashmir. During a meeting, Senator Ab
Published 19 Oct, 2016 12:00am
Population census: government granted two weeks to issue schedule

Population census: government granted two weeks to issue schedule

The Supreme Court on Tuesday granted two weeks to the Federation to issue schedule for holding Population Census in the country, due since 1998. Resuming the hearing of a suo motu notice about inordinate delay in Population Census, a three-judge bench led
Published 19 Oct, 2016 12:00am
Calamity-hit areas: experts demand increased funds for victims

Calamity-hit areas: experts demand increased funds for victims

Experts at the Regional Consultative Committee (RCC) on Disaster Management while showing grave concerns over the low spending in Disaster Risk Reduction (DRR) have stressed the need for increase in funds for the victims of natural calamities-hit areas.
Published 19 Oct, 2016 12:00am
18-member delegation visits SAU

18-member delegation visits SAU

The 18-member delegation consisting of representatives from various occupational groups and services visited Sindh Agriculture University, Tandojam, for inland study tour. The delegation led by Adnan Rafique, who is a senior faculty member at National Man
Published 19 Oct, 2016 12:00am
Boy killed in blast laid to rest

Boy killed in blast laid to rest

A teenage boy identified as Faraz Hussain who was killed in a cracker blast outside an Imambargah in Federal Capital Area (FCA) on Monday night, was laid to rest in Wadi-e-Hussain graveyard on Tuesday. His funeral prayers were offered at Masjid-o-Imambarg
Published 19 Oct, 2016 12:00am
Sindh Mental Health Authority formed

Sindh Mental Health Authority formed

Sindh government on Tuesday has formed a Sindh Mental Health Authority (SMHA) as ah advisory body on all matters relating to promotion of mental health and prevention of mental disorder. The SMHA, established under section 3 (1) of the Sindh Mental Health
Published 19 Oct, 2016 12:00am
Corrigendum

Corrigendum

Apropos 'Brief recordings' published on July 26, 2016 in this newspaper on Pakistan Cables Limited, "It is the only cable manufacturer in Pakistan to have its cables type tested by the world renowned KEMA Laboratory in Netherlands" was based on official d
Published 19 Oct, 2016 12:00am
Corrigendum

Corrigendum

Apropos 'Brief recordings' published on July 26, 2016 in this newspaper on Pakistan Cables Limited, "It is the only cable manufacturer in Pakistan to have its cables type tested by the world renowned KEMA Laboratory in Netherlands" was based on official d
Published 19 Oct, 2016 12:00am
Shanghai copper up

Shanghai copper up

Shanghai Futures Exchange copper edged up 0.4 percent to 37,400 yuan ($5,608) a tonne on Tuesday and ShFE zinc rallied as much as 1.5 percent after finding support from data that showed a drop in mine supply. "Copper is being driven more by the global mac
Published 19 Oct, 2016 12:00am
Zinc, other metals boosted by Chinese loan data

Zinc, other metals boosted by Chinese loan data

Zinc and other metals prices rose on Tuesday, boosted by strong credit data in top metals consumer China and a weaker dollar, while tin gained on falling output in key producer Myanmar. Data showed that Chinese banks extended 1.22 trillion yuan ($181 bill
Published 19 Oct, 2016 12:00am
Libya resumes output at key Waha oilfield

Libya resumes output at key Waha oilfield

Libya resumed production at the key Waha oilfield last week bringing overall production to 580,000 barrels per day, a senior Libyan oil official said on Tuesday. The Opec member's production has been crippled for several years by an on-and-off blockade of
Published 19 Oct, 2016 12:00am
Rubber slips

Rubber slips

Benchmark Tokyo rubber futures ended down on Tuesday, slipping from a five-month high hit in the previous session, on profit-taking and weaker Shanghai futures, dealers said. The Tokyo Commodity Exchange (TOCOM) rubber contract for March delivery finished
Published 19 Oct, 2016 12:00am
Palm oil sees biggest drop in three weeks

Palm oil sees biggest drop in three weeks

Malaysian palm oil rose to its highest levels in two and a half years on Tuesday before dropping sharply in a market correction in the evening and on concerns about weak export demand. In its previous session, palm posted its strongest daily gain two mont
Published 19 Oct, 2016 12:00am
Robusta coffee extends gains to two-year peak, arabica follows

Robusta coffee extends gains to two-year peak, arabica follows

Robusta coffee futures on ICE climbed to a two-year high on Tuesday, rising for the seventh out of the past eight sessions on supply concerns in the world's top growers, helping to lift arabica prices to a four-week top. Sugar and London cocoa prices fell
Published 19 Oct, 2016 12:00am
Gold surges in New York

Gold surges in New York

The price of gold rose on Monday, partly lifted by steady flows into exchange-traded funds (ETFs) and a dip in the dollar after touching seven-month highs. Spot gold was up 0.4 percent at $1,255.60 an ounce by 2:30 pm EDT (1830 GMT), having fallen nearly
Published 19 Oct, 2016 12:00am
Gold rises in Asia

Gold rises in Asia

Gold prices rose for a second day on Tuesday, supported by a weaker US dollar amid uncertainty over when the US Federal Reserve will raise interest rates. Spot gold was up 0.5 percent at $1,261.25 an ounce at 0711 GMT. US gold futures had risen 0.5 percen
Published 19 Oct, 2016 12:00am
Gold up in Europe
Currency

Gold up in Europe

Gold prices up on Tuesday as the dollar rose but receding worries about the outcome of the US election and expectations of US rate rises in December could mean lower levels. Spot gold was up 0.1 percent at $1,257.74 an ounce at 1344 GMT. US gold futures r
Published 19 Oct, 2016 12:00am
US MIDDAY: soyabeans set three-week high

US MIDDAY: soyabeans set three-week high

US soyabean futures rose on Tuesday for a fourth straight session, setting a 3-1/2-week top on demand from exporters and crushers, along with technical buying, analysts said. Corn futures were higher while wheat was lower. At the Chicago Board of Trade as
Published 19 Oct, 2016 12:00am
US MIDDAY: gold moves up
Currency

US MIDDAY: gold moves up

Gold prices rose early on Tuesday, supported by weakness in the US dollar index, though receding worries about the outcome of the US election and expectations of a US rate increase in December could mean lower levels. Spot gold was up 0.6 percent at $1,26
Published 19 Oct, 2016 12:00am
Steady dollar halts four-day cotton rally
Cotton

Steady dollar halts four-day cotton rally

Cotton futures snapped a four-day rally to settle slightly lower on Tuesday, after marking an over-three week high earlier in the day, weighed down by a steady dollar amid indications of good harvest weather in the cotton belt areas of India and Texas. Th
Published 19 Oct, 2016 12:00am
Oil ends up ahead of preliminary US inventory report

Oil ends up ahead of preliminary US inventory report

Oil settled higher on Tuesday as expectations of Opec output curbs lifted prices despite forecasts that data would show a second straight weekly build in US crude stockpiles. US crude inventories likely rose by 2.4 million barrels in the week to October 1
Published 19 Oct, 2016 12:00am
The final IMF review - I

The final IMF review - I

The mission leader of the 6.64 billion dollar Extended Fund Facility (EFF) Harald Finger while briefing the media via a video link after uploading the twelfth and final review on the International Monetary Fund's (IMF) website acknowledged that exports ar
Published 19 Oct, 2016 12:00am
Once jobless and uncounted, eager workers could slow Fed rate hike

Once jobless and uncounted, eager workers could slow Fed rate hike

The crammed-to-capacity parking lot at a job training center in this St. Louis suburb is exhibit A for why the US Federal Reserve remains at odds over the health of the US labor market and how quickly interest rates should rise. Among those in the buildin
Published 19 Oct, 2016 12:00am
Wathra, the new Star

Wathra, the new Star

The Governor has one-upped the Accountant. The Accountant is the Finance Minister of the year only for South Asia; the Governor bagged the best in the world award. The Governor also has the distinction of being recognised by the mother publication of Emer
Published 19 Oct, 2016 12:00am
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