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May 06, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-10-29
Tevez back in Argentina fold

Tevez back in Argentina fold

Argentina's forgotten man Carlos Tevez has been included in the squad for the first time in three years for next month's friendlies in England against Croatia and Portugal. The 30-year-old striker, dubbed the 'People's Player' by former coach Diego Marado
Published 29 Oct, 2014 12:00am
Clarke promises a fight back in second Test

Clarke promises a fight back in second Test

After failing another Asian spin test, Australia will strive to bounce back in the second and final Test against Pakistan starting in Abu Dhabi on Thursday. The world number two team were all at sea against an inexperienced but effective Pakistan spin att
Published 29 Oct, 2014 12:00am
Waqar warns Australia will bounce back

Waqar warns Australia will bounce back

Pakistan coach Waqar Younis on Tuesday warned his team to be prepared for a backlash from wounded Australia in the second Test. Pakistan thrashed Australia in the first Test by 221 runs in Dubai on Sunday. They now seek their first series win over Austral
Published 29 Oct, 2014 12:00am
South Korea spy agency says Kim Jong-Un had ankle surgery

South Korea spy agency says Kim Jong-Un had ankle surgery

South Korea's spy agency believes North Korean leader Kim Jong-Un, who recently dropped out of public view for nearly six weeks, had surgery to remove a cyst from his ankle, Yonhap news agency reported Tuesday. In a briefing for legislators, the National
Published 29 Oct, 2014 12:00am
China, Russia linked to cyberspying: researchers

China, Russia linked to cyberspying: researchers

The Russian and Chinese governments are likely behind widespread cyberespionage that has hit targets in the US and elsewhere, two separate security reports said Tuesday. One team of researchers led by the security firm Novetta Solutions said it identified
Published 29 Oct, 2014 12:00am
'Free' Tunisia polls offer Arab Spring ray of hope

'Free' Tunisia polls offer Arab Spring ray of hope

Foreign observers on Tuesday praised Tunisia's landmark "free" elections, after the Islamists conceded defeat in a vote that raised hopes of a peaceful transition in the birthplace of the Arab Spring. The Islamist Ennahda party, which had steered the Nort
Published 29 Oct, 2014 12:00am
Italy's president testifies at Mafia trial

Italy's president testifies at Mafia trial

Italian President Giorgio Napolitano gave evidence Tuesday at a landmark trial in which state officials are accused of making a secret deal with the Mafia in the 1990s. The 89-year-old head of state, who is not accused of playing a role in the deal, took
Published 29 Oct, 2014 12:00am
Modi vows to modernise Vietnam's defences

Modi vows to modernise Vietnam's defences

Indian Prime Minister Narendra Modi promised on Tuesday to strengthen Vietnam's military following talks between leaders of the two allies, in a move likely to rankle neighbouring nuclear-armed giant China. Modi said India would sell naval patrol boats to
Published 29 Oct, 2014 12:00am
Afghanistan, China pledge long-term partnership

Afghanistan, China pledge long-term partnership

Afghanistan and China pledged a long-term partnership Tuesday as new Afghan president Ashraf Ghani began a four-day visit while Nato combat troops prepare to withdraw from his country. Ghani, once a US-based academic, was sworn in as Afghanistan's new hea
Published 29 Oct, 2014 12:00am
Botswana's Khama sworn in for second term

Botswana's Khama sworn in for second term

Botswana's President Ian Khama was sworn in for his second term Tuesday after winning re-election with a reduced majority, pledging to intensify efforts to diversify the economy and eradicate poverty. Khama's Botswana Democratic Party has ruled the diamon
Published 29 Oct, 2014 12:00am
China former general admits taking bribes for promotions

China former general admits taking bribes for promotions

A retired general ensnared in a high-profile corruption drive launched by Chinese Communist chief Xi Jinping has admitted taking "extremely huge" bribes in return for army promotions, state media said Tuesday. Xu Caihou, formerly China's second-highest ra
Published 29 Oct, 2014 12:00am
Russia angers Ukraine with backing for rebel polls

Russia angers Ukraine with backing for rebel polls

Russia announced Tuesday it will recognise separatist polls in Ukraine next weekend, fuelling tensions with the country's newly elected pro-Western leaders as they negotiate on forming a coalition government. The rebel elections on Sunday should "go ahead
Published 29 Oct, 2014 12:00am
Netanyahu slams US, EU settlement criticism

Netanyahu slams US, EU settlement criticism

Israeli Prime Minister Benjamin Netanyahu hit back Tuesday at foreign attacks of plans for more than 1,000 new Jewish homes in east Jerusalem, saying the criticism was "detached from reality". "I've heard the claim that our construction in Jewish neighbou
Published 29 Oct, 2014 12:00am
Nato chief wants strong defence as basis for ties with Russia

Nato chief wants strong defence as basis for ties with Russia

Nato wants a constructive relationship with Russia but for that to happen it must engage Moscow from a position of strength, alliance head Jens Stoltenberg said Tuesday. The US-led military pact had helped ensure stability in Europe, he said, but now, wit
Published 29 Oct, 2014 12:00am
Twenty Turkish miners trapped in mine collapse

Twenty Turkish miners trapped in mine collapse

Some 20 miners were trapped in a coal mine in southern Turkey on Tuesday after a portion of the mine collapsed due to a build-up of water, officials said. There were 40 miners underground at the time of the accident in the district of Ermenek in the south
Published 29 Oct, 2014 12:00am
UN votes to lift US embargo on Cuba, for 23rd year

UN votes to lift US embargo on Cuba, for 23rd year

For the 23rd straight year, the United Nations voted on Tuesday in favor of lifting the US embargo on Cuba, with Iran saying the ban was undeserved given Havana's help in fighting Ebola. The UN General Assembly adopted the non-binding resolution on ending
Published 29 Oct, 2014 12:00am
Shanghai copper climbs

Shanghai copper climbs

The most-traded January copper contract on the Shanghai Futures Exchange climbed 0.7 percent to 47,540 yuan($7,776) a tonne on Tuesday as upcoming labour strikes at mines threatened to trim expectations for a metal surplus, while indications of a seasonal
Published 29 Oct, 2014 12:00am
Copper jumps on supply disruption worries

Copper jumps on supply disruption worries

Copper prices hit a two-week high on Tuesday as the outlook for rising supply was tarnished by looming strikes at two key mines while expectations of higher demand from top consumer China helped reinforce optimism. Three-month copper on the London Metal E
Published 29 Oct, 2014 12:00am
Rubber down

Rubber down

Benchmark Tokyo rubber futures edged down on Tuesday as a firmer yen and a decline in the Japanese stock market index cooled investor sentiment amid selling pressure by foreign hedge funds that weighed on prices of the soft commodity, dealers said. The ne
Published 29 Oct, 2014 12:00am
Soyabeans and corn jump

Soyabeans and corn jump

US corn and soyabeans surged more than 2 percent on Monday, with each futures contract reversing from early losses on a short-covering rally tied to a slow harvest and strong demand for fresh supplies. The higher prices came despite favourable weather con
Published 29 Oct, 2014 12:00am
Palm oil rises

Palm oil rises

Malaysian palm oil futures rose to a near-three-week high on Tuesday on a bout of technical buying, traders said, while plans to increase the use of palm oil in biodiesel by the world's No 2 grower received a lukewarm response from market players. The ben
Published 29 Oct, 2014 12:00am
Cocoa slides

Cocoa slides

Cocoa futures extended losses on Tuesday as concerns over the Ebola virus failed to outweigh bearish factors including large supplies expected from top growing region West Africa, dealers said. Arabica coffee futures were lower, ahead of wet weather expec
Published 29 Oct, 2014 12:00am
Gold falls in New York

Gold falls in New York

Gold dropped on Monday as crude oil prices tumbled, but losses were limited by recovering physical demand and expectations the Federal Reserve will wait before hiking interest rates. The metal came under pressure after US data showed services sector activ
Published 29 Oct, 2014 12:00am
Gold recovers in Asia

Gold recovers in Asia

Gold recovered after falling to its lowest in nearly two weeks on Tuesday as investors nervously awaited a US Federal Reserve meeting that begins later in the day for clues about the timing of any interest rate hike. Spot gold dropped to $1,222.20 an ounc
Published 29 Oct, 2014 12:00am
Gold rises in Europe

Gold rises in Europe

Gold prices rose on Tuesday as softer than expected US data pressured the dollar, but moves were muted ahead of a closely-watched Federal Reserve meeting starting later on Tuesday. The Fed is tipped to announce the end of its massive bond-buying stimulus
Published 29 Oct, 2014 12:00am
Soyabeans trim gains

Soyabeans trim gains

US soyabean futures pared gains after rising to a nearly two-month high on Tuesday after a rally fuelled by soaring soyameal prices sparked a round of farmer sales and investor profit taking. Soyabean and soyameal futures each traded in both positive and
Published 29 Oct, 2014 12:00am
US MIDDAY: gold soars

US MIDDAY: gold soars

Gold prices edged higher early on Tuesday as softer-than-expected US consumer spending data pressured the dollar, ahead of a closely-watched Federal Reserve policy statement. Data showed demand for US-made non-defence durable goods, excluding aircraft, fe
Published 29 Oct, 2014 12:00am
Pathological issues of head, neck tumours discussed

Pathological issues of head, neck tumours discussed

The sheer volume of pathologic entities that one can encounter in the head and neck makes this region one of the most daunting areas of diagnostic pathology. The challenge includes the need to integrate clinical, radiographic, immune-histo-chemical, and e
Published 29 Oct, 2014 12:00am
IPCS UoP, KP Home department sign agreement

IPCS UoP, KP Home department sign agreement

The Institute of Peace and Conflict Studies (IPCS), University of Peshawar (UoP), and the Department of Home and Tribal Affairs Government of Khyber Pakhtunkhwa, on Tuesday signed an agreement to assist and support each other in the peace building and com
Published 29 Oct, 2014 12:00am
Post-flood health situation in country deteriorating: report

Post-flood health situation in country deteriorating: report

The post-flood health situation in Pakistan is deteriorating, as scabies, diarrhea, and respiratory tract infections are significantly increasing, whereas dengue fever continued taking its toll as the number of cases reached an alarming 9,402 in Punjab, i
Published 29 Oct, 2014 12:00am
Taseer's killer 'incited blasphemy Briton's shooting'

Taseer's killer 'incited blasphemy Briton's shooting'

A policeman jailed for murdering a senior politician in a religiously-motivated attack incited a prison guard to shoot an elderly British man convicted of blasphemy, according to an internal inquiry. Mohammad Asghar, whom British doctors say is seriously
Published 29 Oct, 2014 12:00am
Imran announces: PTI to hold demos against ECP from tomorrow

Imran announces: PTI to hold demos against ECP from tomorrow

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Tuesday announced that the PTI would hold protest demonstration against the Election Commission of Pakistan (ECP) outside its office on daily basis from Thursday onward for its failure to hold free and
Published 29 Oct, 2014 12:00am
Special persons: Elahi recounts PML-Q government's efforts

Special persons: Elahi recounts PML-Q government's efforts

Pakistan Muslim League-Q (PML-Q) senior central leader and former Deputy Prime Minister Chaudhry Pervez Elahi has said that facilities including free education, equipments, transport, stipends, special quota in all departments and educational institutions
Published 29 Oct, 2014 12:00am
Cotton futures rise on support from grains, equities market

Cotton futures rise on support from grains, equities market

Cotton futures rose on Tuesday in subdued, rangebound trade, bolstered by strength in outside markets. The most-active December cotton contract on ICE Futures US closed up 0.8 cent, or 1.3 percent, at 64.47 cents a lb. Strong grains prices and rallying fi
Published 29 Oct, 2014 12:00am
Oil rises after 2-day loss; US inventories seen up again

Oil rises after 2-day loss; US inventories seen up again

Crude oil prices closed higher on Tuesday, with Brent finishing just above $86 a barrel after two straight days of losses, helped by a weaker dollar and a rally on Wall Street. But worries about a third weekly build in a row in US crude inventories capped
Published 29 Oct, 2014 12:00am
Tax reforms: commission to focus on six policy areas

Tax reforms: commission to focus on six policy areas

The Tax Reforms Commission constituted by Finance Minister Ishaq Dar would focus on six policy areas, ie, rates and modalities of sales tax collection, tariff reforms-protectionism vs trade liberalisation, functional vs circle-based jurisdictions in Inlan
Published 29 Oct, 2014 12:00am
'Internet for All': Telenor Pakistan to expand 3G footprint to 45 cities

'Internet for All': Telenor Pakistan to expand 3G footprint to 45 cities

In line with its ambition to bring "Internet for All," Telenor Pakistan will expand its 3G footprint to 45 cities by end of October 2014. During the fifth phase of commercial roll out, 3G services were launched in Lodhran, Khanewal, Malakand, Rahim Yar Kh
Published 29 Oct, 2014 12:00am
'Internet for All': Telenor Pakistan to expand 3G footprint to 45 cities

'Internet for All': Telenor Pakistan to expand 3G footprint to 45 cities

In line with its ambition to bring "Internet for All," Telenor Pakistan will expand its 3G footprint to 45 cities by end of October 2014. During the fifth phase of commercial roll out, 3G services were launched in Lodhran, Khanewal, Malakand, Rahim Yar Kh
Published 29 Oct, 2014 12:00am
Saudi Arabia executes fourth Pakistani in two weeks

Saudi Arabia executes fourth Pakistani in two weeks

Saudi Arabia beheaded a Pakistani convicted of heroin smuggling Tuesday, the interior ministry said, bringing to four the number executed in two weeks. It said a Saudi national was also executed in a separate case, raising to 61 the number of death senten
Published 29 Oct, 2014 12:00am
NAB to file references against Pervaiz, former EOBI chief

NAB to file references against Pervaiz, former EOBI chief

A meeting of Executive Board of the National Accountability Bureau (NAB) was held under the chairmanship of Qamar Zaman Chaudhry, Chairman NAB, here on Tuesday, wherein it was decided to file corruption references in the concerned Accountability Courts.
Published 29 Oct, 2014 12:00am
National Foods Limited

National Foods Limited

National Foods Limited (KSE: NATF) a household term in the country, was established in 1970 as a spice company. In 1988, NATF, then a private limited company was transferred into a public limited, and is now registered on all the three stock exchanges of
Published 29 Oct, 2014 12:00am
National Foods Limited

National Foods Limited

National Foods Limited (KSE: NATF) a household term in the country, was established in 1970 as a spice company. In 1988, NATF, then a private limited company was transferred into a public limited, and is now registered on all the three stock exchanges of
Published 29 Oct, 2014 12:00am
Rising Turkey

Rising Turkey

Turkey, a unique country in the world due to its geographical presence in two continents - Asia & Europe - is also called as "Mirror of Asia and Europe". Apart from beautiful fusion of Asian and European cultures, the Arabic culture is also visible in the
Published 29 Oct, 2014 12:00am
PIEAS holds five-day training workshop

PIEAS holds five-day training workshop

Pakistan Institute of Engineering and Applied Sciences (PIEAS) organised a five-day training workshop on "Management Skills for Administrators" in collaboration with Higher Education Commission (HEC) for administrative and non-teaching staff of universiti
Published 29 Oct, 2014 12:00am
KPC holds seminar to mark World Stroke Day

KPC holds seminar to mark World Stroke Day

Stroke has been and continues to be a widespread disease world-wide, afflicting over 15 million people each year. Of those 15 million, almost six million die and a further five million are left permanently disabled. In Pakistan, at least 1000 persons are
Published 29 Oct, 2014 12:00am
Self finance scheme: applications invited for admission to MBBS, BDS

Self finance scheme: applications invited for admission to MBBS, BDS

The Director Admissions, Liaquat University of Medical & Health Sciences, Jamshoro has announced that application are invited on plain paper from desirous candidates for admission to 1st year MBBS / BDS program under the categories of UEAP / UDP (Self Fin
Published 29 Oct, 2014 12:00am
KP opposition stages token walkout from Assembly

KP opposition stages token walkout from Assembly

Joint opposition in Khyber Pakhtunkhwa Assembly Tuesday staged token walk-out from the proceeding of the house to protest the indifferent attitude of the Chief Minister Pervez Khattak towards opposition legislators and not sparing time for them.
Published 29 Oct, 2014 12:00am
Rich tributes paid to Sir Syed Ahmed Khan

Rich tributes paid to Sir Syed Ahmed Khan

Rich tributes were paid to the great visionary and reformer of sub-continent Sir Syed Ahmed Khan at his 197th birth anniversary, observed by Aligarh Muslim University Old Boys' Association (AMUOBA). Addressing the ceremony of Sir Syed Day, Engr Mohammed A
Published 29 Oct, 2014 12:00am
TARP fails to achieve laid down objectives: AGP

TARP fails to achieve laid down objectives: AGP

The Auditor General of Pakistan (AGP) has observed that the Tax Administration Reform Project (TARP) of the Federal Board of Revenue (FBR) could not achieve the laid down objectives such as improving effectiveness, integrity and fairness of tax administra
Published 29 Oct, 2014 12:00am
Zardari condoles death of Kamran Zafar

Zardari condoles death of Kamran Zafar

Co-Chairman Pakistan Peoples Party, former President Asif Ali Zardari has condoled the death of a party worker Kamran Zafar who died on Monday. Late Kamran Zafar was a former In-charge Party's Central Secretariat in Islamabad. He was also a member of Elec
Published 29 Oct, 2014 12:00am
EOBI welfare fund Sindh not getting due share: minister

EOBI welfare fund Sindh not getting due share: minister

Sindh Minister for Labour and Human Resources, Asghar Ali Junejo, has said that an investigation is in progress in the case pertaining to the sale of flats allocated to labourers in Sukkur, Mirpurkhas, Hyderabad and Karachi. Speaking at a meeting of Koran
Published 29 Oct, 2014 12:00am
Lasbela Chamber seeks reduction in oil prices

Lasbela Chamber seeks reduction in oil prices

Lasbela Chamber of Commerce and Industry chairman Yakoob A Karim has said that the government is bound to follow international price mechanism of petroleum products and should reduce the oil prices at the same ratio locally. He said that the government sh
Published 29 Oct, 2014 12:00am
Security arrangements reviewed

Security arrangements reviewed

Deputy Inspector General of Police, Hyderabad Range called the meeting of all SDPOs and SHOs of district Hyderabad on Tuesday in order to assess security arrangements during Muharram-ul-Harram. Every SDPO along with respective SHO, was individual asked ab
Published 29 Oct, 2014 12:00am
Rs 19.23 billion embezzlement, irregularities detected in CDA

Rs 19.23 billion embezzlement, irregularities detected in CDA

The audit authorities have detected financial embezzlement, mismanagement, irregularities and losses worth Rs 19.23 billion in accounts of the Capital Development Authority (CDA) during the outgoing fiscal 2013-14. The audit authorities have raised 52 aud
Published 29 Oct, 2014 12:00am
What would $25 drop in oil price mean for the global economy?

What would $25 drop in oil price mean for the global economy?

I think the maths is very simple when IMF makes a frequent downward revision of global growth and IEA sees a reduction in oil demand then there is no reason to believe that oil prices will make gains in such adverse conditions. China is no more enjoying a
Published 29 Oct, 2014 12:00am
39 alleged criminals held in raids

39 alleged criminals held in raids

The police on Tuesday claimed to have arrested around 39 alleged criminals in different targeted raids and encounters conducted at various parts of the metropolis during last 24 hours. According to police, they had conducted some 89 targeted raids and two
Published 29 Oct, 2014 12:00am
Two killed in Karachi

Two killed in Karachi

Two people were killed in separate incidents of violence here on Tuesday. According to police and rescue sources, a man identified as Zamir Khan, 30, son of Noor was shot and killed by unknown persons near Orangi Town's Chaman Cinema in the jurisdiction o
Published 29 Oct, 2014 12:00am
Hepatitis week begins in Punjab

Hepatitis week begins in Punjab

With a view to raising awareness among people about hepatitis, the Punjab Health department is observing "Hepatitis Week" from Tuesday in the province. During the week, besides holding of seminars at all districts and tehsil headquarters hospitals and hea
Published 29 Oct, 2014 12:00am
Government mulling making PMIC vibrant body

Government mulling making PMIC vibrant body

The government is planning to make Prime Minister's Inspection Commission a vibrant body to keep a check on different mega projects and ensure transparency in different development schemes. A government official told Business Recorder on Tuesday th
Published 29 Oct, 2014 12:00am
Rabi season: import of 0.385 million tons of urea proposed

Rabi season: import of 0.385 million tons of urea proposed

The Ministry of Industries and Production (MoI&P) has proposed import of 0.385 million tons urea from open international market to meet Rabi season requirements, well informed sources told Business Recorder. Giving the details, sources said Economi
Published 29 Oct, 2014 12:00am
Iftikhar Malik pins hopes on new LCCI leadership

Iftikhar Malik pins hopes on new LCCI leadership

A prominent businessman Iftikhar Ali Malik has expressed the hope that the new LCCI leadership would help the small industrial units in borrowing loans from banks. In a statement, he expressed his deep gratitude to the business community of Lahore for sup
Published 29 Oct, 2014 12:00am
'Tevta to train 2,237 in-service teachers to enhance skills'

'Tevta to train 2,237 in-service teachers to enhance skills'

"Technical Education and Vocational Training Authority (Tevta) will train its 2,237 in-service male and female teachers during current financial year to enhance the professional skills of teachers. It is in line with the policy of Chief Minister Punjab Sh
Published 29 Oct, 2014 12:00am
JUI-F demands Nisar's removal

JUI-F demands Nisar's removal

Jamiat Ulema Islam-Fazl (JUIF), one of the allies of the government, has demanded the removal of Federal Interior Minister, Chaudhry Nisar for his failure to trace out the perpetrators of a suicide attack on Maulana Fazlur Rahman. JUI-F's executive counci
Published 29 Oct, 2014 12:00am
MQM flays Aitzaz for criticism on Altaf

MQM flays Aitzaz for criticism on Altaf

Muttahida Qaumi Movement (MQM) leader Rauf Siddiqui flayed PPP leader Aitzaz Ahsan for criticising MQM chief Altaf Hussain and asked him not to advise MQM. Addressing a press conference at Khursheed Begum Secretariat Azizabad, he said that if there would
Published 29 Oct, 2014 12:00am
NAB arrests three former-Talhar Town Municipal officers

NAB arrests three former-Talhar Town Municipal officers

NAB Sindh has arrested three ex-Town Municipal officers namely Ghulam Mustafa, Munir Ahmed Khawja, Mukhtiar Ahmed Bhurt, and one Muhammad Aslam Korejo, ex-Engineer of Taluka Municipal Administration Talhar, along with two contractors Sudho and Lal Bux, on
Published 29 Oct, 2014 12:00am
lCl Pakistan's net sales income at Rs 9,363 million

lCl Pakistan's net sales income at Rs 9,363 million

ICI Pakistan announced its financial results for the quarter ended September 30, in its meeting of the Board of Directors held on October 27, with operating results increasing by 32 percent, closing at Rs 679 million compared to the same period last year.
Published 29 Oct, 2014 12:00am
lCl Pakistan's net sales income at Rs 9,363 million

lCl Pakistan's net sales income at Rs 9,363 million

ICI Pakistan announced its financial results for the quarter ended September 30, in its meeting of the Board of Directors held on October 27, with operating results increasing by 32 percent, closing at Rs 679 million compared to the same period last year.
Published 29 Oct, 2014 12:00am
PSO operational profit grows by 39 percent

PSO operational profit grows by 39 percent

The Board of Management (BoM) of Pakistan State Oil Company Limited (PSOCL) convened on Tuesday at the PSO headquarters, to review the Company's performance for the first Quarter (Q1) of the financial year 2014-15 (FY2015). In the period under review, PSO
Published 29 Oct, 2014 12:00am
PSO operational profit grows by 39 percent

PSO operational profit grows by 39 percent

The Board of Management (BoM) of Pakistan State Oil Company Limited (PSOCL) convened on Tuesday at the PSO headquarters, to review the Company's performance for the first Quarter (Q1) of the financial year 2014-15 (FY2015). In the period under review, PSO
Published 29 Oct, 2014 12:00am
Q2CY14 period: IBI profitability shows healthy growth: SBP

Q2CY14 period: IBI profitability shows healthy growth: SBP

Profitability of the Islamic Banking Industry (IBI) posted a healthy growth of some 140 percent in the second quarter of this calendar year (CY14). The market share of the IBI in overall banking industry's assets also increased to 9.8 percent at the end o
Published 29 Oct, 2014 12:00am
LHC approached: voter seeks to notify resignation of opposition leader

LHC approached: voter seeks to notify resignation of opposition leader

A voter of PP-151, Lahore has approached the Lahore High Court praying to direct Speaker Punjab Assembly to notify the resignation of Opposition leader Mian Mahmoodur Rasheed in the assembly. Petitioner Abdul Rasheed Sindhu stated in his petition that the
Published 29 Oct, 2014 12:00am
Silkbank declares Rs 458 million 9 months operating profit

Silkbank declares Rs 458 million 9 months operating profit

Silkbank Board in its meeting held on Tuesday, approved the accounts for the third quarter ended September 30, 2014. The bank made a significant turnaround by declaring an operating profit of Rs 458 million for the nine months of 2014, reflecting an impre
Published 29 Oct, 2014 12:00am
Silkbank declares Rs 458 million 9 months operating profit

Silkbank declares Rs 458 million 9 months operating profit

Silkbank Board in its meeting held on Tuesday, approved the accounts for the third quarter ended September 30, 2014. The bank made a significant turnaround by declaring an operating profit of Rs 458 million for the nine months of 2014, reflecting an impre
Published 29 Oct, 2014 12:00am
Fauji Cement posts Rs 602 million profit in Q1FY15

Fauji Cement posts Rs 602 million profit in Q1FY15

Fauji Cement (FCCL) announced 1QFY15 profit of Rs 602 million (EPS Rs 0.45) as against Rs 582 million (EPS Rs 0.44) last year, up 3.4 percent. According to Topline Securities, in 1QFYI5, FCCL recorded revenues of Rs 4.2 billion against Rs 3.9 billion in t
Published 29 Oct, 2014 12:00am
Fauji Cement posts Rs 602 million profit in Q1FY15

Fauji Cement posts Rs 602 million profit in Q1FY15

Fauji Cement (FCCL) announced 1QFY15 profit of Rs 602 million (EPS Rs 0.45) as against Rs 582 million (EPS Rs 0.44) last year, up 3.4 percent. According to Topline Securities, in 1QFYI5, FCCL recorded revenues of Rs 4.2 billion against Rs 3.9 billion in t
Published 29 Oct, 2014 12:00am
Corps Commander calls on Sindh Governor

Corps Commander calls on Sindh Governor

Corps Commander Lieutenant General Naveed Mukhtar on Tuesday held meeting with Governor Sindh Ishratul Ibad in Karachi. Both discuss matters of mutual affairs and ongoing operation Zarb-e-Azb in North Waziristan Agency. The Governor lauded Pak Army's prof
Published 29 Oct, 2014 12:00am
e-filing of income tax returns: taxpayers may miss October 31 deadline

e-filing of income tax returns: taxpayers may miss October 31 deadline

Taxpayers are going to miss the October 31, 2014 deadline for e-filing of income tax returns for tax year 2014, as Federal Board of Revenue (FBR) despite enormous complaints from the stakeholders failed to resolve the issues related to the newly-introduce
Published 29 Oct, 2014 12:00am
KMC ill-prepared to cope with likely torrential rains

KMC ill-prepared to cope with likely torrential rains

Karachiites are now at the mercy of expected torrential rains, as the civic administration, despite warnings of rainstorm from metrological department due to the tropical cyclone "Nilofar", is unable to implement the rain contingency plan with defective m
Published 29 Oct, 2014 12:00am
PML-N MNA's plea rejected

PML-N MNA's plea rejected

The Lahore High Court Tuesday dismissing a petition of a PML-N MNA Malik Riaz against Election Commission of Pakistan for not summoning the returning officers as witnesses on the controversy of 211 bags of ballot in NA-118, observed that an interim order
Published 29 Oct, 2014 12:00am
Nilofar cyclone: Al-Khidmat Foundation sets up disaster cell

Nilofar cyclone: Al-Khidmat Foundation sets up disaster cell

Al-Khidmat Foundation on Tuesday announced to set up a special disaster cell to tackle any untoward situation may be caused by Nilofar cyclone, which is likely to hit Pakistan's coastal belt in next two days. A meeting of Al-Khidmat Foundation (Karachi Ch
Published 29 Oct, 2014 12:00am
Emergency declared in Hyderabad

Emergency declared in Hyderabad

Deputy Commissioner Hyderabad has declared an emergency to cater the forecasted heavy rainfall in Hyderabad District because of cyclone "Nilofar" to any unforeseen situation. Deputy Commissioner Hyderabad has issued a circular to all the line departments
Published 29 Oct, 2014 12:00am
The Weather

The Weather

The weather report on Tuesday (October 28, 2014) and the forecast for Wednesday (October 29, 2014).

Published 29 Oct, 2014 12:00am
Cyclone Nilofar: Sindh coastal belt closed for visitors till November 2

Cyclone Nilofar: Sindh coastal belt closed for visitors till November 2

The coastal belt of Sindh has been closed till November 2 through imposition of Section 144 amid the tropical cyclone, Nilofar. Section 144 has been imposed in the coastal belt of Karachi, Thatta, Sajawal and Badin to restrict the sea goers. Commissioner
Published 29 Oct, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (October 28, 2014).

Published 29 Oct, 2014 12:00am
The ISIS challenge

The ISIS challenge

Apropos Saida Fazal's article 'A tale of unintended consequences' carried by the newspaper on Thursday, she has made a strong point that "Washington suddenly realised the danger and gave up the plan to bomb Syrian government forces in support of the rebel
Published 29 Oct, 2014 12:00am
LME official prices

LME official prices

The following were Monday official prices.

Published 29 Oct, 2014 12:00am
E-waste inferno burning brighter in China's recycling capital

E-waste inferno burning brighter in China's recycling capital

Mountains of discarded remote controls litter the warehouse floor. In a dimly-lit room, women on plastic stools pry open the devices, as if shucking oysters, to retrieve the circuitry inside. In a narrow alley a few blocks over, a father and son from a di
Published 29 Oct, 2014 12:00am
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