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May 19, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-09-13
US FOB Gulf soyabean, corn steady to soft

US FOB Gulf soyabean, corn steady to soft

US FOB Gulf soyabean and corn basis offers were steady to soft after the close on Thursday with new four-year lows set in futures following the US Agriculture Department's latest bearish production forecasts, traders said. Wheat basis offers were firmer i
Published 13 Sep, 2014 12:00am
Activity at Karachi and Qasim ports

Activity at Karachi and Qasim ports

The Karachi Port handled 115,705 tonnes of cargo comprising 104,377 tonnes of import cargo and 11,328 tonnes of export cargo including 5,137 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 13 Sep, 2014 12:00am
Cotton market: growing fears of pest attack push rates up

Cotton market: growing fears of pest attack push rates up

Growing fears of pest attack pushed rates higher on the cotton market on Friday in the process of trading, dealers said. The official spot rate rose by Rs 50 to Rs 5,650, they added. In the session, nearly 10,000 bales of cotton changed hands between Rs 5
Published 13 Sep, 2014 12:00am
No change on grain market

No change on grain market

According to the press release of the Wholesale Grain Merchant Group not a single change was seen on the local grain market on Friday.
Published 13 Sep, 2014 12:00am
I took pedalo for drink with Botham: Flintoff

I took pedalo for drink with Botham: Flintoff

Former England cricketer Andrew Flintoff has revealed that his notorious encounter with a pedalo during the 2007 World Cup was a failed attempt to enjoy a night-cap with Ian Botham. Flintoff was fined and banned for one match by then-England coach Duncan
Published 13 Sep, 2014 12:00am
Cairns to fight perjury charge

Cairns to fight perjury charge

New Zealand cricketing great Chris Cairns vowed Friday he would clear his name shortly before British prosecutors confirmed they would charge him with perjury over match-fixing allegations. Former all-rounder Cairns has acknowledged previously that he is
Published 13 Sep, 2014 12:00am
Venus reaches quarters

Venus reaches quarters

Former world number one Venus Williams cruised to a straight-sets second-round victory Thursday at the WTA Tour Quebec City tournament. The top-seeded seven-time major champion rolled over world No 242 Olga Savchuk 6-1, 6-2 in a match that took just over
Published 13 Sep, 2014 12:00am
Ronaldinho vows to win more trophies in Mexico

Ronaldinho vows to win more trophies in Mexico

Brazilian star Ronaldinho vowed Friday to pursue his remarkable footballing career in Mexico by winning more trophies with his new club Queretaro. "I need to win something in Mexico and I've come for that," said the former two-time world footballer of the
Published 13 Sep, 2014 12:00am
Yorkshire win English County Championship

Yorkshire win English County Championship

A Yorkshire side coached by former Australia fast bowler Jason Gillespie won England's County Championship title for the first time in 13 years after a crushing innings and 152-run win away to nearest pursuers Nottinghamshire at Trent Bridge on Friday. Le
Published 13 Sep, 2014 12:00am
Nigeria leagues to resume after boycott

Nigeria leagues to resume after boycott

The Nigeria Premier League will resume next week after the country's referees called off a boycott of the competition in protest over a leadership crisis in the domestic game, organisers said on Friday. The league was suspended a fortnight ago following t
Published 13 Sep, 2014 12:00am
Ghana sack coach Appiah

Ghana sack coach Appiah

Ghana's football association announced on Friday the firing of national team coach Kwesi Appiah, ending months of speculation about the fate of the controversial coach. The announcement came on the heels of Ghana's disastrous performance at this year's fo
Published 13 Sep, 2014 12:00am
France and Switzerland take lead in Davis Cup

France and Switzerland take lead in Davis Cup

France and Switzerland both moved to within one point of the Davis Cup final on Friday when they swept the opening two singles rubbers in their respective semi-finals. In Geneva, Roger Federer and Stan Wawrinka both won to put Switzerland 2-0 up against I
Published 13 Sep, 2014 12:00am
US firm ponders Spurs bid

US firm ponders Spurs bid

American investment firm Cain Hoy said Friday they were contemplating a bid to buy Tottenham Hotspur. The English Premier League club had rejected suggestions on Thursday that their Bahamas-based owner Joe Lewis would sell the north London side if offered
Published 13 Sep, 2014 12:00am
Materazzi joins Chennai in new Indian league

Materazzi joins Chennai in new Indian league

Former Italy defender Marco Materazzi has joined Chennai in the new Indian Super League (ISL) following in the footsteps of former national team mate Alessandro Del Piero. The 41-year-old Materazzi will be player-manager of the team co-owned by Bollywood
Published 13 Sep, 2014 12:00am
Lisicki to face Schiavone in Hong Kong last-four

Lisicki to face Schiavone in Hong Kong last-four

Top seed Sabine Lisicki and former French Open champion Francesca Schiavone will meet in the last-four of the WTA Hong Kong Open after winning their quarter-final matches Friday. Lisicki, from Germany, defeated China's Zheng Saisai 6-4, 6-3 in rain-interr
Published 13 Sep, 2014 12:00am
Saeed Ajmal's elbow extension beyond 40 degrees: PCB chief

Saeed Ajmal's elbow extension beyond 40 degrees: PCB chief

Pakistan's cricket chief Friday revealed that spinner Saeed Ajmal's arm extension was on average more than double the permitted limit during tests which led to the spinner's suspension from international cricket. The 36-year-old was banned on Tuesday afte
Published 13 Sep, 2014 12:00am
Hungarian banks face $4-billion hit under new law

Hungarian banks face $4-billion hit under new law

Banks in Hungary will have to pay compensation of about 3.2 billion euros ($4.1 billion) to borrowers hit by past interest rate hikes on loans, under proposed new legislation submitted to parliament on Friday. "The Hungarian banking sector will have to pa
Published 13 Sep, 2014 12:00am
Hungarian banks face $4-billion hit under new law

Hungarian banks face $4-billion hit under new law

Banks in Hungary will have to pay compensation of about 3.2 billion euros ($4.1 billion) to borrowers hit by past interest rate hikes on loans, under proposed new legislation submitted to parliament on Friday. "The Hungarian banking sector will have to pa
Published 13 Sep, 2014 12:00am
Global carmakers say India must reform to attract industry

Global carmakers say India must reform to attract industry

India must urgently improve its infrastructure and reform its tax, land acquisition and labour laws if it is to fulfil its ambition of becoming a leading international automotive manufacturing hub, global carmakers said on Friday. New right-wing prime min
Published 13 Sep, 2014 12:00am
Huawei Technologies uncovers corruption in internal probe

Huawei Technologies uncovers corruption in internal probe

Huawei Technologies Co Ltd, China's largest telecom equipment maker, found four employees in violation of the company's policies on corruption as part of an internal inspection, a source familiar with the matter said. In response to the findings, Huawei h
Published 13 Sep, 2014 12:00am
Canadian home prices rise

Canadian home prices rise

Canadian home prices rose in August and the pace of 12-month home price appreciation accelerated, a report showed on Friday, suggesting robust demand for housing is carrying through to the second half of the year. The Teranet-National Bank Composite House
Published 13 Sep, 2014 12:00am
Brazil's economy surges despite weak retail, industry

Brazil's economy surges despite weak retail, industry

Economic activity in Brazil rebounded sharply in July despite a bigger-than-expected drop in retail sales and slight gains in industrial activity during the same month, central bank data showed on Friday. The central bank's IBC-Br economic activity index
Published 13 Sep, 2014 12:00am
China's wealthy grow despite graft crackdown

China's wealthy grow despite graft crackdown

China's dollar millionaires have increased steadily to more than one million, according to an independent publisher, despite a corruption crackdown and austerity programme launched by the government. The number of millionaires in mainland China rose 3.8 p
Published 13 Sep, 2014 12:00am
Turkish economy minister echoes warning on 2014 growth target

Turkish economy minister echoes warning on 2014 growth target

Turkey's economic growth this year may miss the government's 4 percent target despite better-than-expected growth in the second half, Economy Minister Nihat Zeybekci said on Friday, echoing a warning from the finance minister two days ago. Gross domestic
Published 13 Sep, 2014 12:00am
Qatar to take Airbus superjumbos; questions remain about A320 test

Qatar to take Airbus superjumbos; questions remain about A320 test

Europe's Airbus has lifted a stumbling block to delivery of the world's largest jetliner to Qatar but faces the growing prospect of delays for the first flight of its newest small jet, the A320neo, several people familiar with the matter said. After a thr
Published 13 Sep, 2014 12:00am
Russian Central Bank signals dovish shift by leaving rates on hold

Russian Central Bank signals dovish shift by leaving rates on hold

The Russian central bank left its key interest rate on hold at a regular meeting on Friday, signalling a dovish shift in policy which may mean that a recent cycle of rate hikes is over. Speaking at a news conference after the rate decision, central bank g
Published 13 Sep, 2014 12:00am
UK to sign nearly $4 billion in trade deals with China

UK to sign nearly $4 billion in trade deals with China

Britain said on Friday that it was about to sign commercial deals with China worth more than 2.4 billion pounds ($3.9 billion), as finance minister George Osborne prepared to meet China's Vice Premier Ma Kai in London. Full details of the prospective tran
Published 13 Sep, 2014 12:00am
Banks join forces in push for coordinated FX settlement
Libor

Banks join forces in push for coordinated FX settlement

Banks caught up in the British investigation into alleged manipulation of global currency markets are pushing for a coordinated settlement that would reduce their exposure to potential reputational damage, banking and legal sources told Reuters. In the ye
Published 13 Sep, 2014 12:00am
Poland resumes gas deliveries to Ukraine

Poland resumes gas deliveries to Ukraine

Poland's state-owned pipeline operator on Friday said it resumed gas deliveries to war-torn Ukraine, following a brief interruption brought on by slashed supplies. Warsaw stopped sending the daily four million cubic metres of gas to Ukraine on Wednesday,
Published 13 Sep, 2014 12:00am
Ford recalls 74,000 older models

Ford recalls 74,000 older models

Ford Motor Co is recalling about 74,000 older model Ford Escape and Mercury Mariner crossover vehicles because the electronic hybrid system may overheat, according to a filing with US regulators on Friday. Escapes from model years 2005 to 2008 and Mariner
Published 13 Sep, 2014 12:00am
Bitcoin gets boost as US watchdog approves first swap
Libor

Bitcoin gets boost as US watchdog approves first swap

TeraExchange on Friday launched a swap based on the bitcoin virtual currency, becoming the first to receive approval from a US federal regulator for a financial product based on the budding technology. The derivative allows clients to protect the value of
Published 13 Sep, 2014 12:00am
Bitcoin gets boost as US watchdog approves first swap
Libor

Bitcoin gets boost as US watchdog approves first swap

TeraExchange on Friday launched a swap based on the bitcoin virtual currency, becoming the first to receive approval from a US federal regulator for a financial product based on the budding technology. The derivative allows clients to protect the value of
Published 13 Sep, 2014 12:00am
US retail sales move higher; consumer spirits rise

US retail sales move higher; consumer spirits rise

US retail sales rose broadly in August and consumer sentiment hit a 14-month high in September, supporting expectations for sturdy economic growth in the third quarter. The data on Friday helped ease concerns about soft consumer spending, which had lagged
Published 13 Sep, 2014 12:00am
Eurozone industrial output jumps

Eurozone industrial output jumps

Eurozone industrial output jumped twice as much as expected in July, breaking a two month trend of contraction and raising hopes that the single currency area may start growing again in the third quarter after stalling in the previous three months. Indust
Published 13 Sep, 2014 12:00am
Weak industrial figures dim India recovery hopes

Weak industrial figures dim India recovery hopes

India reported Friday that industrial output grew by an unexpectedly sluggish 0.5 percent in July, dimming hopes that Asia's third-largest economy is set for a sustained recovery. The half-percentage-point annual growth in production by mines, factories a
Published 13 Sep, 2014 12:00am
Draghi vows 'big' ABS plan but says reforms key

Draghi vows 'big' ABS plan but says reforms key

European Central Bank President Mario Draghi promised on Friday that the ECB's planned asset purchase programme would be "big" but stressed that only structural reforms by governments could revive the moribund euro zone economy. The ECB has committed to b
Published 13 Sep, 2014 12:00am
Draghi vows 'big' ABS plan but says reforms key

Draghi vows 'big' ABS plan but says reforms key

European Central Bank President Mario Draghi promised on Friday that the ECB's planned asset purchase programme would be "big" but stressed that only structural reforms by governments could revive the moribund euro zone economy. The ECB has committed to b
Published 13 Sep, 2014 12:00am
UK construction output stagnates

UK construction output stagnates

British construction output stagnated in July as a rapid expansion in house building started to level off, causing annual growth to sink to an eight-month low. However, orders for new work rose at the fastest rate in a year, leaving economists confident t
Published 13 Sep, 2014 12:00am
Barclays picks chairman to oversee revamp
Libor

Barclays picks chairman to oversee revamp

Barclays has appointed banking and insurance veteran John McFarlane as its new chairman to oversee the British bank's efforts to stamp out wrongdoing and improve performance. McFarlane, a Scot, will step down as chairman of British insurer Aviva and take
Published 13 Sep, 2014 12:00am
Tokyo stocks gain

Tokyo stocks gain

Tokyo stocks gained 0.25 percent to close at a fresh eight-month high on Friday as the yen lost more ground against the dollar, shrugging off a weak lead from Wall Street. The Nikkei 225 index at the Tokyo Stock Exchange rose 39.09 points to 15,948.29, it
Published 13 Sep, 2014 12:00am
Eight charged in New York in $290 million stock scheme

Eight charged in New York in $290 million stock scheme

Eight people were charged on Thursday in New York with duping thousands of investors into purchasing $290 million worth of penny stocks in "pump and dump" schemes. Three of the people blasted emails "pumping" the stocks to thousands of potential investors
Published 13 Sep, 2014 12:00am
Eight charged in New York in $290 million stock scheme

Eight charged in New York in $290 million stock scheme

Eight people were charged on Thursday in New York with duping thousands of investors into purchasing $290 million worth of penny stocks in "pump and dump" schemes. Three of the people blasted emails "pumping" the stocks to thousands of potential investors
Published 13 Sep, 2014 12:00am
Friday's midday trade: stocks slip as energy a drag

Friday's midday trade: stocks slip as energy a drag

US stocks were lower at midday on Friday, with energy shares extending recent losses after the Treasury department announced new sanctions against Russia. The market was on track to break a five-week string of gains. The S&P energy index was down 1.1 perc
Published 13 Sep, 2014 12:00am
S&P 500 rebounds, Dow dips

S&P 500 rebounds, Dow dips

US stocks recovered from early losses on Thursday, with the S&P 500 managing a slight gain as energy prices and oil stocks turned higher and financials lent support. The S&P energy index rose 0.1 percent, after trading down more than 1 percent earlier. Sh
Published 13 Sep, 2014 12:00am
Bond yields edge higher

Bond yields edge higher

US Treasuries yields edged higher on Thursday on the view that a strong US retail sales figure on Friday could increase the potential for an earlier-than-expected rate hike from the Federal Reserve. Benchmark 10-year Treasuries yields were at their highes
Published 13 Sep, 2014 12:00am
Bond yields edge higher

Bond yields edge higher

US Treasuries yields edged higher on Thursday on the view that a strong US retail sales figure on Friday could increase the potential for an earlier-than-expected rate hike from the Federal Reserve. Benchmark 10-year Treasuries yields were at their highes
Published 13 Sep, 2014 12:00am
Hong Kong shares slip, China stocks up

Hong Kong shares slip, China stocks up

Hong Kong stocks slipped 0.27 percent Friday as investors awaited the release of Chinese statistics at the weekend that will shed light on the strength of the world's second largest economy. The Hang Seng Index fell 67.32 points to 24,595.32 on turnover o
Published 13 Sep, 2014 12:00am
Indian shares snap three-day losing streak

Indian shares snap three-day losing streak

Indian shares edged up to close a wee bit higher, snapping a three-session slide, as bluechips such as ITC gained, although broader advances were capped by foreign investors turning net sellers amid caution ahead of key inflation data due out later on Fri
Published 13 Sep, 2014 12:00am
European shares down

European shares down

European equities finished slightly lower on Friday, with investors refraining from making strong bets on stocks before Scotland's referendum and the US Federal Reserve's policy meeting next week. The FTSEurofirst 300 index of top European shares ended 0.
Published 13 Sep, 2014 12:00am
Australian shares slip

Australian shares slip

Australian shares dipped 0.3 percent on Friday as investors slipped out of equities on the back of rising bond yields, though an uptick among recently-routed resource stocks kept a lid on losses. The S&P/ASX 200 index lost 15 points to 5,531.1 at the clos
Published 13 Sep, 2014 12:00am
Southeast Asian markets: Indonesia underperforms on week

Southeast Asian markets: Indonesia underperforms on week

Indonesian shares eked out small gains on Friday, posting their worst weekly loss in almost three months amid concerns about a likely end to fuel subsidies, while Thai stocks trod water amid selling in recent gainers including construction-related firms.
Published 13 Sep, 2014 12:00am
FTSE edges up for first time in six sessions

FTSE edges up for first time in six sessions

Britain's top shares rose for the first time in six sessions on Friday, helped by companies with exposure to Scotland, after another poll showed a majority would vote against independence next week. Shares in companies with strong ties to Scotland such as
Published 13 Sep, 2014 12:00am
Indian rupee gains

Indian rupee gains

The Indian rupee posted its biggest single-day gain in nearly a month on Friday as custodian banks and corporates sold the greenback aggressively, although broader sentiment remained cautious ahead of key events, including retail inflation later in the da
Published 13 Sep, 2014 12:00am
Dollar hits fresh six-year high against yen in Asia

Dollar hits fresh six-year high against yen in Asia

The dollar set a fresh six-year high against the yen on Friday, continuing to draw strength as investors bet that the US Federal Reserve could send a hawkish signal at its policy meeting next week. The dollar touched a high of 107.39 yen, its strongest le
Published 13 Sep, 2014 12:00am
Dollar index on track for best run since 1997

Dollar index on track for best run since 1997

The dollar was on track for its longest winning streak in 17 years on Friday, hitting multi-month highs against its Australian and Canadian counterparts, as investors bet the US Federal Reserve would raise interest rates in 2015. The dollar index, which m
Published 13 Sep, 2014 12:00am
Early trade in New York: dollar index on track for best run in 17 years

Early trade in New York: dollar index on track for best run in 17 years

The dollar was steady on Friday at six-year highs against the yen, and the dollar index was headed for a ninth consecutive week of gains after strong retail sales data added to expectations that US growth is gaining steam. US retail sales rose broadly in
Published 13 Sep, 2014 12:00am
Dollar slips in New York

Dollar slips in New York

The US dollar dipped from six-year highs against the yen on Thursday, and the dollar index fell slightly but remained on track to post its ninth consecutive week of gains. The greenback was slightly weaker as Treasuries yields fell after President Barack
Published 13 Sep, 2014 12:00am
Yuan slips

Yuan slips

China's yuan slipped against the dollar on Friday after the central bank fixed a weaker midpoint for a second consecutive day, but it was set to rise slightly for the week as market sentiment on the currency improves. The People's Bank of China fixed the
Published 13 Sep, 2014 12:00am
US rate risk hits Asia forex

US rate risk hits Asia forex

Most emerging Asian currencies are set for another week of losses on growing expectations the US Federal Reserve may signal an earlier-than-expected rate increase next week. The Philippine peso hit a five-week low on Friday after an expected central bank
Published 13 Sep, 2014 12:00am
Australian and New Zealand dollar slide

Australian and New Zealand dollar slide

The Australian and New Zealand dollars receded to multi-month lows on Friday as investors continued to unwind carry trades, putting them on track for their largest losses in months. The Aussie skidded to $0.9060, its weakest since March, having erased all
Published 13 Sep, 2014 12:00am
Hedging costs against sterling's swings soar

Hedging costs against sterling's swings soar

The cost of hedging against near-term swings in the British pound jumped to four-year highs on Friday and investors added to unfavourable bets in the derivatives market, reflecting jitters about the result of the Scottish referendum. One-week sterling/dol
Published 13 Sep, 2014 12:00am
Dur Mohammad assumes office of vice chancellor Khuzdar University

Dur Mohammad assumes office of vice chancellor Khuzdar University

Brigadier Dur Mohammad Ameen Retired has been appointed new Vice Chancellor of the Balochistan University of Engineering and Technology Khuzdar. Handout issued here on Friday said that VC BUET Khuzdar has assumed the office of the varsity.
Published 13 Sep, 2014 12:00am
Met office issues 10-day advisory about standing cotton crop

Met office issues 10-day advisory about standing cotton crop

The Met office in its 10-day farmers advisory asked the growers of cotton crop to take necessary steps to safeguard their standing crop against the stagnant rainwater. Cotton growers have been advised to set up a mechanism to drain out stagnant rainwater
Published 13 Sep, 2014 12:00am
Rangers arrest 10 suspects: two killed in Karachi

Rangers arrest 10 suspects: two killed in Karachi

Two people were killed in separate incidents of violence while the paramilitary Rangers claimed to have arrested 10 accused in different parts of Karachi on Friday. According to police and rescue sources, Zafar, 35, son of Wali Muhammad Lasi, was shot dea
Published 13 Sep, 2014 12:00am
Danish envoy offers investment in energy, dairy sectors

Danish envoy offers investment in energy, dairy sectors

Danish Ambassador Jesper Moller Sornsen said here on Friday that his country's trade ties with Pakistan should grow from existing $425 million, offering investment in energy, agriculture and dairy sectors. During his visit to Karachi Press Club, the ambas
Published 13 Sep, 2014 12:00am
NBP signs MoU with army

NBP signs MoU with army

National Bank of Pakistan (NBP) has ever been endeavouring to serve the nation since its establishment in 1949. By virtue of automation of banking sector in Pakistan, NBP signed a Memorandum of Understanding with army for disbursement of pay through ATM i
Published 13 Sep, 2014 12:00am
HUAWEI selects FAST-NU as learning partner

HUAWEI selects FAST-NU as learning partner

Huawei, a leading global ICT solution provider, plans to increase its footprint of training and certifications in Pakistan and has selected FAST-National University (NU) to become its learning partner (Huawei Authorised Learning Partner--HALP). HALP refer
Published 13 Sep, 2014 12:00am
Fomma Trust to set up 'Permanent Collection'

Fomma Trust to set up 'Permanent Collection'

The Fomma Trust has recently announced plans for setting up early next year in Karachi a modest "Permanent Collection" of donated works by Pakistani artists. The initiative for this came last year from the eminent Pakistani artist, currently based in the
Published 13 Sep, 2014 12:00am
HBL, 1-Link enter into agreement for local POS switch

HBL, 1-Link enter into agreement for local POS switch

Habib Bank Limited (HBL) and 1-Link Guarantee Limited (1-Link) signed an agreement for local POS Switch in Pakistan. The signing ceremony was held at HBL's head office in Karachi between Faiq Sadiq, Group Head Payment Services, HBL and Faisal Ejaz Khan, C
Published 13 Sep, 2014 12:00am
TDAP hosts 'Aalishan Pakistan Fashion Show' in New Delhi

TDAP hosts 'Aalishan Pakistan Fashion Show' in New Delhi

Trade Development Authority of Pakistan (TDAP) hosted 'Aalishan Pakistan Fashion Show' at Taj Palace, New Delhi on September 10th, as part of the lifestyle exposition 'Aalishan Pakistan'. Featuring some of the best in Pakistani couture, it was an evening
Published 13 Sep, 2014 12:00am
Pakistan possesses vast potential for Danish investment: envoy

Pakistan possesses vast potential for Danish investment: envoy

Ambassador of Denmark, Jesper Moller Sorensen, has said that Danish companies can extend assistance to Pakistan in water waste management. Speaking at a meeting of Korangi Association of Trade and Industry (Kati) on Friday, he said that Danish and Pakista
Published 13 Sep, 2014 12:00am
CEO assures full support to Pakistan Steel dealers

CEO assures full support to Pakistan Steel dealers

Chief Executive Officer, Pakistan Steel, Major General Zaheer Ahmed Khan (Retd), held two separate meetings with the dealers of PSM on 8th September, 2014 at Lahore (dealers from Lahore and Gujranwala regions) and on 11th September, 2014 at Karachi Zonal
Published 13 Sep, 2014 12:00am
SU launches Online Learning Management System

SU launches Online Learning Management System

Sindh University (SU) Jamshoro has launched online learning management system (LMS) in a bid to impart distance education on the campus and established directorate of distance education (DDE) here on Friday. The establishment of directorate of distance le
Published 13 Sep, 2014 12:00am
KP government keen to streamline agriculture department

KP government keen to streamline agriculture department

KP Chief Minister Pervez Khattak has made it clear that PTI-led coalition government was eager to streamline Agriculture department and ensure increase in quality and quantity of agricultural produce like all other sectors of life for which he underlined
Published 13 Sep, 2014 12:00am
Sectarian killings: Altaf flays groundless allegations against MQM

Sectarian killings: Altaf flays groundless allegations against MQM

Muttahida Qaumi Movement (MQM) chief Altaf Hussain on Friday said that if any allegations against party members were proven true in relation to sectarian killings then the accused workers should be "hanged publicly". In a statement issued on Friday, the M
Published 13 Sep, 2014 12:00am
Byco to invest $250 million to increase refining capacity

Byco to invest $250 million to increase refining capacity

Byco is planning to invest some $250 million in the next three years to enhance its refining capacity to 220,000 barrels per day (BPD). Over the years, Byco has invested over $700 million, with around 65 per cent foreign investment, for the development of
Published 13 Sep, 2014 12:00am
STEVTA announces BTech Exam program

STEVTA announces BTech Exam program

The Principal Government College of Technology Hyderabad/Sindh Technical Education & Vocational Training Authority (STEVTA) Hyderabad has informed that the Examination of First Year B-Tech (Pass/Hons) Regular and Self Help Basis Program will be held on Se
Published 13 Sep, 2014 12:00am
Pillion riding ban period reduced to five days

Pillion riding ban period reduced to five days

Sindh Home Department has reduced the period of ban imposed on pillion riding from 10 days to 5 days. Now the ban will remain effective upto September 15 instead of September 20, as announced earlier. This was stated in a handout issued here on Friday.
Published 13 Sep, 2014 12:00am
Child kidnapped for ransom recovered

Child kidnapped for ransom recovered

Citizens-Police Liaison Committee (CPLC) on Friday claimed to have recovered a child who was allegedly kidnapped by his maternal uncle for ransom. A spokesman for the CPLC said that a 10-year-old Owais was kidnapped by unknown men from outside his house,
Published 13 Sep, 2014 12:00am
PPP pays glowing tributes to nine MRD martyrs

PPP pays glowing tributes to nine MRD martyrs

Pakistan People's Party (PPP) Chairperson Bilawal Bhutto Zardari has paid glowing tributes to the nine party martyrs who laid down their lives during the historic Movement for the Restoration of Democracy (MRD) in Khairpur Nathan Shah on this day in 1983.
Published 13 Sep, 2014 12:00am
KP supports lifting world sanctions on Iran: Speaker

KP supports lifting world sanctions on Iran: Speaker

Speaker, Khyber Pakhtunkhwa Assembly, Asad Qaiser has said Iran is the neighbouring country of Pakistan and they fully support demands for lifting all international restrictions on it. Talking to Iranian Consul General Saeed Zeenati here in Assembly Secre
Published 13 Sep, 2014 12:00am
PIA airlifts 23,000 Hujjaj via 63 flights so far

PIA airlifts 23,000 Hujjaj via 63 flights so far

PIA has so far on the 15th day (Friday) has operated 63 pre-Hajj flights and carried more than 23,000 intending Hajj pilgrims to Saudi Arabia with on time flight departures and arrivals. PIA has carried 3,479 intending pilgrims from Karachi to Saudi Arabi
Published 13 Sep, 2014 12:00am
Mobilink Summer Internship Programme concludes

Mobilink Summer Internship Programme concludes

Mobilink Summer Internship Programme 2014 concluded with a Closing Ceremony held at the Mobilink Head Office. Students from HEC recognised institutes were placed in different functions of the organisation to provide them with hands-on knowledge of both bu
Published 13 Sep, 2014 12:00am
First window takaful operations launched

First window takaful operations launched

Chairman, Securities and Exchange Commission of Pakistan (SECP) Tahir Mahmood said that supporting sustainable growth and improvement of existing level of financial inclusion in the country is a high priority of the government. He was delivering his keyno
Published 13 Sep, 2014 12:00am
First window takaful operations launched

First window takaful operations launched

Chairman, Securities and Exchange Commission of Pakistan (SECP) Tahir Mahmood said that supporting sustainable growth and improvement of existing level of financial inclusion in the country is a high priority of the government. He was delivering his keyno
Published 13 Sep, 2014 12:00am
Women legislators for ensuring minority rights

Women legislators for ensuring minority rights

The women parliamentarians in Punjab have expressed deep concerns over the increasing trend of hatred against religious minorities and demanded that what at least have been promised in the manifestoes of political parties for their (minorities) welfare an
Published 13 Sep, 2014 12:00am
Anti-Dengue Day to be observed tomorrow in Punjab

Anti-Dengue Day to be observed tomorrow in Punjab

With a view to combat dengue in a befitting manner, "Anti-Dengue Day" will be observed across the Punjab on Sunday (tomorrow). On this day, sweeping will be carried out in government departments to remove the dengue breeding sites and hotspots. Seminar an
Published 13 Sep, 2014 12:00am
Punjab government to establish energy conservation department

Punjab government to establish energy conservation department

Punjab government is set to establish energy conservation department with a proposed huge fund of three billion rupees, as the dream of energy conservation is letting lose due to a shortage of Energy Services Companies (ESCOs) in Pakistan, said the indust
Published 13 Sep, 2014 12:00am
City markets to support PIAF-Founders Alliance

City markets to support PIAF-Founders Alliance

The city markets including Ferozrpur Road Marble Market, Anjuman-e-Tajran Ferozepur Road and Mall Road Traders Association have announced to support PIAF-Founders Alliance in the LCCI elections scheduled for September 22 and 23. Chairman of Marble Market
Published 13 Sep, 2014 12:00am
LCCI elections: Insaaf Group traders support PCAA candidates

LCCI elections: Insaaf Group traders support PCAA candidates

Traders belonging to Insaaf Group Urdu Bazaar and Gunpat Road announced their support to the candidates of Progressive and Customs Association Alliance (PCAA) in the forthcoming elections of the Lahore Chamber of Commerce and Industry (LCCI) 2014-15. Soli
Published 13 Sep, 2014 12:00am
PakWheels' auto show in Karachi from tomorrow

PakWheels' auto show in Karachi from tomorrow

PakWheels and Glow by Warid are organising the biggest ever Auto Show in Karachi Expo Centre on September 14, featuring a wide range of automobiles in the Classic, Vintage, Exotic, Luxury, 4X4 and SUV categories. Besides celebrating the latest breakthroug
Published 13 Sep, 2014 12:00am
PepsiCo joins hands with Beaconhouse

PepsiCo joins hands with Beaconhouse

PepsiCo joined hands with the Beaconhouse School System (BSS) enabling the largest private sector schooling system the exclusive sale of Pepsi products. The agreement was signed by General Manager (Foods), Pepsi Co, Omer Malik and CEO Beaconhouse School S
Published 13 Sep, 2014 12:00am
Balkasar area Canola to be cultivated over 12,000 acres

Balkasar area Canola to be cultivated over 12,000 acres

Pakistan Oilseed Development Board (PODB), the National Agriculture Research Centre (NARC) and the National Rural Support Programme (NRSP) have decided to cultivate Canola over 12,000 acres of Balkasar area. This decision was taken at a meeting hosted by
Published 13 Sep, 2014 12:00am
Rana Iqbal takes charge of Punjab acting governor

Rana Iqbal takes charge of Punjab acting governor

Punjab Assembly Speaker Rana Muhammad Iqbal on Friday has taken charge of Acting Governor Punjab due to departure of Governor Chaudhry Muhammad Sarwar to London. Sarwar is expected to be in UK for about ten days. Meanwhile Punjab Assembly Secretariat on F
Published 13 Sep, 2014 12:00am
MCB Bank signs MoU with Mycab Travel Pakistan

MCB Bank signs MoU with Mycab Travel Pakistan

MCB Bank Limited (MCB) signed Memorandum of Understanding (MoU) with Mycab Travel Pakistan to provide international cab booking services to its customers. A MoU was signed by Qasif Shahid, Head Digital Banking, MCB Bank Limited, and Roger Blomquist, Globa
Published 13 Sep, 2014 12:00am
MCB Bank signs MoU with Mycab Travel Pakistan

MCB Bank signs MoU with Mycab Travel Pakistan

MCB Bank Limited (MCB) signed Memorandum of Understanding (MoU) with Mycab Travel Pakistan to provide international cab booking services to its customers. A MoU was signed by Qasif Shahid, Head Digital Banking, MCB Bank Limited, and Roger Blomquist, Globa
Published 13 Sep, 2014 12:00am
Sit-ins and security of foreign missions

Sit-ins and security of foreign missions

It is heartening to note that country's Foreign Office has effectively dispelled a negative impression with regard to safety and security of foreign missions based in Islamabad.
Published 13 Sep, 2014 12:00am
Peace and prosperity through security and stability

Peace and prosperity through security and stability

The Shanghai Co-operation Organisation has become an influential organisation and an important factor in the emergence of a new polycentric world order. The organisation has worked to bring about tangible improvements in the security and multilateral poli
Published 13 Sep, 2014 12:00am
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