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Apr 28, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-12-27
Desire against desire

Desire against desire

There are so many desires within me that it is almost impossible to work out the way out of them; the desire to see equity and improvement in the living conditions of every Pakistani. And yet the desire seems to be impossible to achieve. The deaths in Tha
Published 27 Dec, 2014 12:00am
Did we have any option other than military courts?

Did we have any option other than military courts?

Invariably, all those convicted of terrorism in recent years appealed for review and in case relief was denied filed mercy petitions against capital punishment, proving wrong the esoteric notion that hanging doesn't deter committed terrorists. Last week,
Published 27 Dec, 2014 12:00am
Oil price imperatives

Oil price imperatives

Saudia Arabia, the world's largest crude oil producer and exporter, has projected a 38.6 billion dollar budget deficit for 2015. In the current year, 2014, the kingdom has projected a deficit of 14.4 billion dollars - the first shortfall since 2009. It is
Published 27 Dec, 2014 12:00am
Nikkei slips on profit-taking; investors bullish on 2015 prospects

Nikkei slips on profit-taking; investors bullish on 2015 prospects

Japanese stocks slipped on Friday as investors closed positions as the year-end approaches, but sentiment remained upbeat about prospects for 2015. With overseas markets closed on Thursday for Christmas, there was little in the way of market catalysts. Th
Published 27 Dec, 2014 12:00am
JGBs mostly slip after 10-year yield falls to record low

JGBs mostly slip after 10-year yield falls to record low

Japanese government bond prices were mostly lower on Friday as some investors booked profits ahead of the weekend, after the benchmark yield set a fresh record low earlier in the session. The Bank of Japan bought 400 billion yen ($3.33 billion) of JGBs in
Published 27 Dec, 2014 12:00am
JGBs mostly slip after 10-year yield falls to record low

JGBs mostly slip after 10-year yield falls to record low

Japanese government bond prices were mostly lower on Friday as some investors booked profits ahead of the weekend, after the benchmark yield set a fresh record low earlier in the session. The Bank of Japan bought 400 billion yen ($3.33 billion) of JGBs in
Published 27 Dec, 2014 12:00am
US Treasury prices recover after sell-off, yield curve flattens

US Treasury prices recover after sell-off, yield curve flattens

US Treasury prices recovered from an early week sell-off on Friday in very light trading, and the yield curve was the flattest in six-and-a-half years on the prospect of an interest rate hike in the coming months. Bonds weakened early in the week as inves
Published 27 Dec, 2014 12:00am
US Treasury prices recover after sell-off, yield curve flattens

US Treasury prices recover after sell-off, yield curve flattens

US Treasury prices recovered from an early week sell-off on Friday in very light trading, and the yield curve was the flattest in six-and-a-half years on the prospect of an interest rate hike in the coming months. Bonds weakened early in the week as inves
Published 27 Dec, 2014 12:00am
Shanghai copper futures mostly flat, market seeks direction

Shanghai copper futures mostly flat, market seeks direction

Shanghai copper futures were mostly flat on Friday, as the market sought direction amid speculation that China may ease liquidity to juice up the economy, although sluggish demand and ample stocks continued to weigh.
Published 27 Dec, 2014 12:00am
China iron ore, rebar futures down; set for over-3pc weekly drop

China iron ore, rebar futures down; set for over-3pc weekly drop

China's iron ore and rebar futures fell on Friday, with both commodities on track for a more than three percent decline this week, as worries about flabby demand, oversupply and tight credit conditions continue to cast a shadow on prices.
Published 27 Dec, 2014 12:00am
Oil declines in light trading, extending losses on weak US data

Oil declines in light trading, extending losses on weak US data

Oil traded declined slightly Friday, after paring gains from early in the session, as a supply glut in top consumer the United States trumped worries about falling production from Libya. The market had come under pressure from Wednesday's DOE report, whic
Published 27 Dec, 2014 12:00am
TOCOM edges higher on weaker yen; ekes out weekly gain

TOCOM edges higher on weaker yen; ekes out weekly gain

Benchmark Tokyo rubber futures rose for a second day on Friday on a weaker yen, ending the week with a slim gain, but interest was tepid as many investors stayed neutral due to year-end bearishness, dealers said. Tokyo Commodity Exchange (TOCOM) futures,
Published 27 Dec, 2014 12:00am
China to cut retail prices of gasoline, diesel

China to cut retail prices of gasoline, diesel

China will cut retail prices of gasoline by 520 yuan ($84) per tonne and for diesel by 500 yuan ($81) per tonne from Saturday because of falling international oil prices, the central government's powerful economic planning agency said on Friday, in the te
Published 27 Dec, 2014 12:00am
Malaysian palm oil ends six-day winning streak

Malaysian palm oil ends six-day winning streak

Malaysian palm oil futures snapped a six-day winning streak on Friday as the ringgit ticked up and traders reacted to India's tax hike on edible oil imports, but fears of floods disrupting supplies kept palm headed for its biggest weekly gain in eight. Ov
Published 27 Dec, 2014 12:00am
Gold rises on oil and dollar

Gold rises on oil and dollar

Gold gained around 2 percent in thin post-Christmas trading on Friday, as crude oil prices edged higher and the dollar remained flat against a basket of major currencies. Spot gold gained as much as 2.1 percent to a session high of $1,199.00 an ounce in e
Published 27 Dec, 2014 12:00am
Gold rises in thin trade; eyes second straight weekly

Gold rises in thin trade; eyes second straight weekly

Gold gained one percent in thin post-Christmas trading on Friday as the dollar slipped against a basket of major currencies, but the metal was headed for a second straight weekly drop, underscoring the bearishness in the market. Spot gold gained 1 percent
Published 27 Dec, 2014 12:00am
China shares soar to fresh four-year high

China shares soar to fresh four-year high

Chinese shares rose to a new four-year high on Friday, extending recent gains as financial shares jumped on hopes of further monetary stimulus measures, dealers said. The benchmark Shanghai Composite Index soared 2.77 percent, or 85.06 points, to 3,157.60
Published 27 Dec, 2014 12:00am
Indian rapeseed hits 26-month high; sugar up

Indian rapeseed hits 26-month high; sugar up

Indian rapeseed futures jumped to their highest level in 26 months on Wednesday due to tight supplies in spot markets and concerns about production following dry weather in top producing Rajasthan state. Soyabeans rose on thin supply and an improvement in
Published 27 Dec, 2014 12:00am
Daily trading report of PMEX

Daily trading report of PMEX

On Wednesday, December 24, 2014, at Pakistan Mercantile Exchange (PMEX) value traded was PKR 1.10 billion and the number of lots traded was 15,678. PMEX Commodity Index closed at 2,579. Major business was contributed by crude oil amounting to PKR 989 mill
Published 27 Dec, 2014 12:00am
European wheat prices rise, US markets up

European wheat prices rise, US markets up

European wheat prices in Paris rose on Tuesday following firm US markets up, with support also coming from prospects of a duty on Russian grain exports. Benchmark March milling wheat on the Paris-based Euronext market was up 1.50 euros or 0.7 percent at 2
Published 27 Dec, 2014 12:00am
US FOB Gulf wheat basis offers steady

US FOB Gulf wheat basis offers steady

US FOB Gulf wheat basis offers were steady on Wednesday following the 20-cent slide in futures as speculators took profits before the holiday and concerns eased about Russia curbing its wheat exports through an export tax, traders said. FOB corn and soyab
Published 27 Dec, 2014 12:00am
Low water supply to hurt Vietnam's 2015-16 coffee crop

Low water supply to hurt Vietnam's 2015-16 coffee crop

Vietnam's coffee crop in the year to September 2016 is expected to be hit by an early end to the rainy season and the less number of storms this year, which have most likely reduced the country's underground water reserves, industry sources said.
Published 27 Dec, 2014 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 291,228 tonnes of cargo comprising 210,235 tonnes of import cargo and 80,993 tonnes of export cargo including 6,754 loaded and empty containers during the last 48 hours ending at 0700 hours on Friday. The total import cargo of 210
Published 27 Dec, 2014 12:00am
Cotton market: prices improve amid tight supplies

Cotton market: prices improve amid tight supplies

Tight supplies of phutti helped rates to go up on the cotton market on Friday in the process of trading, dealers said. The official spot rate was unchanged at Rs 4,800, they added. In the ready session, around 20,000 bales of cotton changed hands between
Published 27 Dec, 2014 12:00am
No business on grain market

No business on grain market

According to a press release of the Wholesale Grain Merchant Group, no change was seen in the commodity rates on Friday.
Published 27 Dec, 2014 12:00am
Bangladesh tea prices rise

Bangladesh tea prices rise

Tea prices in Bangladesh rose for the seventh straight week at the weekly auction on Tuesday amid strong demand in the winter season. Bangladeshi tea fetched an average 192.96 taka ($2.4) per kg compared with 192.04 taka at the previous sale, said an exec
Published 27 Dec, 2014 12:00am
Long-delayed US high-speed rail plans may ride on Texas express

Long-delayed US high-speed rail plans may ride on Texas express

With high-speed rail in the United States long on plans and short on construction, a Texas company is aiming to fast-track service between Dallas and Houston. The Texas Central Railway Company plans to use private investment and Central Japan Railway bull
Published 27 Dec, 2014 12:00am
China offers to help electricity-starved Nepal

China offers to help electricity-starved Nepal

China said Friday that it would help Nepal develop its power industry to alleviate severe electricity outages that can last up to 12 hours a day in the Himalayan nation, where Beijing is trying to increase influence and investment.
Published 27 Dec, 2014 12:00am
China challenges India's polished diamond throne

China challenges India's polished diamond throne

India's long-held position as the world's top diamond polisher is being challenged by soaring output from China, compelling the south Asian country to seek help from ally and top rough diamond supplier Russia to defend its market share.
Published 27 Dec, 2014 12:00am
Post-Christmas sales see strong start in Britain

Post-Christmas sales see strong start in Britain

Hundreds of thousands of bargain-seekers stormed British shops as post-Christmas sales began on Friday, in what one department store said was its most successful ever year. A crowd of 4,000 gathered on London's main shopping site Oxford Street outside the
Published 27 Dec, 2014 12:00am
Beijing to beat energy intensity target in 2014

Beijing to beat energy intensity target in 2014

China is on track to surpass its 2014 target for reducing the energy intensity of its economy, the country's top climate change official said this week, according to state news agency Xinhua.
Published 27 Dec, 2014 12:00am
Russia to impose wheat export duty from February

Russia to impose wheat export duty from February

Russia has said it will from February apply a duty of at least 35 euros ($43) per tonne of wheat sent for export as it tries to lower prices on its domestic market, hit by the ruble's fall. The duty, announced in a government decree published late Thursda
Published 27 Dec, 2014 12:00am
Britain's economy set to beat Germany in 2030, study says

Britain's economy set to beat Germany in 2030, study says

Britain is on track to overtake Germany and become Europe's economic powerhouse in 2030, an analysis of the world's top 30 economies showed Friday. According to new survey data from the Centre for Economics and Business Research (CEBR), a "declining popul
Published 27 Dec, 2014 12:00am
Indian government pushes through reforms on investment and coal

Indian government pushes through reforms on investment and coal

The Indian government on Friday passed executive orders increasing foreign investment in the insurance sector and allowing fresh auctions of coal blocks, in moves seen as signalling the ruling Bharatiya Janata Party's intent to push through economic refor
Published 27 Dec, 2014 12:00am
EasyJet hit by New Year strike call in France

EasyJet hit by New Year strike call in France

French unions at low-cost airline easyJet announced a New Year strike on Friday similar to a Christmas work stoppage to press demands for better scheduling and pay. Unions representing French cabin crew said they had informed the airline of a new strike o
Published 27 Dec, 2014 12:00am
High demand for German real estate, but price growth slows

High demand for German real estate, but price growth slows

Demand for German residential real estate is still robust, but the pace of rising prices is easing, an investment specialist said Friday. Stefan Mitropoulos, an analyst at Helaba, a major bank in Frankfurt, told dpa the market was being driven by Germans
Published 27 Dec, 2014 12:00am
Schaeuble says he is ready to tackle tax 'bracket creep' in Germany

Schaeuble says he is ready to tackle tax 'bracket creep' in Germany

German Finance Minister Wolfgang Schaeuble said he would be ready to cut income taxes by adjusting thresholds for inflation if the upper house of parliament agrees to scrap a practice that generates billions of euros in annual revenues.
Published 27 Dec, 2014 12:00am
Panama Canal consortium claims $740 million in cost overruns

Panama Canal consortium claims $740 million in cost overruns

The consortium working on the extensive Panama Canal expansion has submitted two new claims for cost overruns of almost $740 million, the canal administrator said on Friday. A dispute between the canal and the consortium over cost overruns temporarily hal
Published 27 Dec, 2014 12:00am
Oil tanks in Libya terminal ablaze after firefight

Oil tanks in Libya terminal ablaze after firefight

Three storage tanks at one of Libya's main oil terminals were ablaze on Friday after being hit by a rocket during fighting between Islamists and pro-government forces, officials said. The rocket was fired on Thursday by militiamen from Fajr Libya (Libya D
Published 27 Dec, 2014 12:00am
Seoul-listed Chinese small-caps find favour with bargain-hunters

Seoul-listed Chinese small-caps find favour with bargain-hunters

Small Chinese companies little known even in their home market are finding favour among Korean investors looking for bargains and high-growth stocks, with China's easing of capital controls and a free-trade agreement helping to stir up interest.
Published 27 Dec, 2014 12:00am
US city sues Brazil's Petrobras and its chief

US city sues Brazil's Petrobras and its chief

The US city of Providence has filed suit against Petrobras and senior officers of the company over investor losses due to a corruption scandal at the Brazilian oil giant. The complaint by Providence, the largest city in the north-eastern state of Rhode Is
Published 27 Dec, 2014 12:00am
China extends high-speed rail network to Xinjiang

China extends high-speed rail network to Xinjiang

China tied the restive far-western region of Xinjiang closer to the rest of the country Friday, opening a high-speed rail line between its capital Urumqi and Lanzhou, in neighbouring Gansu, nearly 1,800 kilometres away. A slick bullet train took off from
Published 27 Dec, 2014 12:00am
Albania hikes electricity prices to help power company pay debts

Albania hikes electricity prices to help power company pay debts

Albania's power regulator ERE raised the price of electricity for businesses and scrapped its cheaper rate for households on Friday to help companies in the sector pay off debt to meet criteria set by international lenders.
Published 27 Dec, 2014 12:00am
Tizen TV no substitute for Samsung's long-awaited answer to Android

Tizen TV no substitute for Samsung's long-awaited answer to Android

Global smartphone leader Samsung Electronics Co Ltd is planning a new product launch next year based on its own Tizen operating system, the South Korean giant's strategic push to free itself from Android and blaze its own software path. But after years of
Published 27 Dec, 2014 12:00am
Ash from Guatemala volcanoes prompts flight warning

Ash from Guatemala volcanoes prompts flight warning

Ash clouds from two active volcanoes in Guatemala prompted local air travel warnings Friday. The country's National Institute of Seismology, Vulcanology, Meteorology and Hydrology warned of columns of ash from the Fuego volcano in the south of the country
Published 27 Dec, 2014 12:00am
Portugal breaks TAP airline strike

Portugal breaks TAP airline strike

Portugal's state-owned airline TAP said Friday it plans to honour all its scheduled flights after breaking a planned four-day strike over the company's privatisation. The government has invoked its power to force 70 percent of workers to report for duty d
Published 27 Dec, 2014 12:00am
Wade, Heat spoil James' return to Miami

Wade, Heat spoil James' return to Miami

In a holiday season of giving, LeBron James received the love in his highly anticipated Christmas Day return to Miami but Dwyane Wade spoiled the reunion. Wade scored 31 points to 30 for James Thursday and the Heat recovered for a 101-91 victory over the
Published 27 Dec, 2014 12:00am
Veteran opener Rogers buying time with Test runs

Veteran opener Rogers buying time with Test runs

Late bloomer Chris Rogers says he hopes he is buying time to get enough runs to convince selectors to choose him for next year's Ashes tour to England. The left-handed opener, 37, playing in just his 19th Test match, stated his case with a third straight
Published 27 Dec, 2014 12:00am
Elgar and du Plessis take charge after let-offs

Elgar and du Plessis take charge after let-offs

The West Indies had cause to rue four missed chances as South Africa moved steadily towards a substantial first innings total on the first day of the second Test at St George's Park on Friday. South Africa were 157 for one at tea after being sent in to ba
Published 27 Dec, 2014 12:00am
Inbox organises Golf Tournament

Inbox organises Golf Tournament

CEO Inbox Business Technologies, Ghias Khan hosted the event and Rear Admiral Syed Arifullah Hussaini, Commander of Karachi (COMKAR) was the chief guest. Inbox holds a high profile golf tournament every year for participation by clients, suppliers and par
Published 27 Dec, 2014 12:00am
Sterling sinks Burnley to give Liverpool cheer

Sterling sinks Burnley to give Liverpool cheer

Raheem Sterling scored the winner as Liverpool won 1-0 at Burnley on Friday to end a three-game winless run and keep their opponents in the Premier League relegation zone. It was a far from convincing performance by Brendan Rodgers's side and the outcome
Published 27 Dec, 2014 12:00am
Pentangular Cup one-day championship shifted to Karachi

Pentangular Cup one-day championship shifted to Karachi

Due to prevailing weather conditions, Pakistan Cricket Board (PCB) has moved the five-team Pentangular Cup one-day championship from Multan to Karachi's National Stadium. "Owing to unusually foggy conditions at Multan, after consultation with the Karachi
Published 27 Dec, 2014 12:00am
Suffering, worry and hope: Schumacher's greatest battle continues

Suffering, worry and hope: Schumacher's greatest battle continues

Just as in previous years, he wanted to spend a few days skiing to celebrate the new year and his birthday with friends. But a fall at the Meribel ski resort changed the life of Michael Schumacher and his loved ones in the most dramatic fashion.
Published 27 Dec, 2014 12:00am
Ba dropped from Senegal Nations Cup squad

Ba dropped from Senegal Nations Cup squad

There was no place for former Chelsea and Newcastle striker Demba Ba when Senegal coach Alain Giresse made public a preliminary squad of 28 players for the Africa Cup of Nations on Friday. The French-born 29-year-old has been on great form for his club si
Published 27 Dec, 2014 12:00am
West Ham rib Chelsea with '19th-century' tweet

West Ham rib Chelsea with '19th-century' tweet

West Ham United poked fun at Chelsea manager Jose Mourinho with a tongue-in-cheek Twitter message ahead of the teams' Premier League clash at Stamford Bridge on Friday. Mourinho had accused West Ham of employing overly defensive tactics following the 0-0
Published 27 Dec, 2014 12:00am
McDowall looks to get Rangers back on track

McDowall looks to get Rangers back on track

Rangers caretaker manager Kenny McDowall says his aim is to get the Ibrox club back to performing on the pitch following a turbulent one off it. McDowall was promoted from Rangers assistant manager till the end of the season this week after Ally McCoist w
Published 27 Dec, 2014 12:00am
Turkey frees schoolboy arrested for 'insulting' Erdogan

Turkey frees schoolboy arrested for 'insulting' Erdogan

A Turkish court on Friday freed a 16-year-old high school pupil arrested for "insulting" President Recep Tayyip Erdogan, amid accusations his detention was the latest sign of a lurch to authoritarianism under the strongman leader.
Published 27 Dec, 2014 12:00am
US police struggle to uncover threats on social media

US police struggle to uncover threats on social media

US law enforcement agencies are a long way from being able to effectively track threats of the kind a gunman posted on Instagram before his execution-style murder of two New York City policemen last weekend. Police need more data analytics and mining soft
Published 27 Dec, 2014 12:00am
Ukraine peace talks in Minsk cancelled

Ukraine peace talks in Minsk cancelled

A new round of Ukraine peace talks tentatively planned for Friday in Minsk have been called off, the Belarusian Foreign Ministry said without providing a reason. "There will be no negotiations of the Contact Group this Friday in Minsk," ministry spokesman
Published 27 Dec, 2014 12:00am
Tunisia delays release of presidential poll final results

Tunisia delays release of presidential poll final results

Tunisia's election commission has postponed until next week the release of the final results of the country's first free presidential elections because of appeals filed against the initial tallies. "Final results will be announced on Monday after the Admi
Published 27 Dec, 2014 12:00am
Ivory Coast's former 'Iron Lady' Simone Gbagbo on trial

Ivory Coast's former 'Iron Lady' Simone Gbagbo on trial

Ivory Coast's former first lady Simone Gbagbo went on trial Friday for "attempting to undermine the security of the state" in events leading to a bloody 2010-2011 crisis that left thousands dead. Gbagbo, who has been held for three years and is also wante
Published 27 Dec, 2014 12:00am
US woman may be stuck in E. Timor for two-year drug probe

US woman may be stuck in E. Timor for two-year drug probe

An American woman arrested in East Timor after drugs were found in a taxi she was sharing will be forced to stay in the country for an investigation lasting up to two years, her lawyer said Friday. The United States had on Thursday cheered the release fro
Published 27 Dec, 2014 12:00am
Syrian air force kills 45 civilians in stepped-up raids

Syrian air force kills 45 civilians in stepped-up raids

At least 45 civilians were killed and some 175 wounded when aircraft bombed a northern Syrian city controlled by Islamic State, as Bashar al-Assad's government stepped up air raids, residents and a monitoring group said on Friday.
Published 27 Dec, 2014 12:00am
Ukraine suspends trains to Crimea, citing security concerns

Ukraine suspends trains to Crimea, citing security concerns

Ukraine's state rail company Ukrzaliznytsia said on Friday it would suspend passenger and cargo train services to the Black Sea peninsula of Crimea, which was annexed by Russia in March, due to security concerns.
Published 27 Dec, 2014 12:00am
S&W Seed, Maxim sign agreement

S&W Seed, Maxim sign agreement

S&W Seed Company, one of the world's leading alfalfa seed companies, has entered into a distribution agreement with Maxim International (Private) Limited, one of the largest livestock input companies in Pakistan. Maxim, as S&W's exclusive distributor, wil
Published 27 Dec, 2014 12:00am
Investment moot proposed, KSE offered help

Investment moot proposed, KSE offered help

Dr Shafiq Qaadri, Member of the Provincial Parliament (MPP) and Parliamentary Secretary to the Premier of Ontario, Canada, visited the Karachi Stock Exchange on December 22, where he performed the opening bell ceremony.
Published 27 Dec, 2014 12:00am
Meezan Capital Preservation Plan-II launched

Meezan Capital Preservation Plan-II launched

Al Meezan Investment Management Limited (Al Meezan) has launched Meezan Capital Preservation Plan-II (MCPP-II), which is the sixth in the series of capital protection/preservation plans/funds launched by the company. It goes without saying that all operat
Published 27 Dec, 2014 12:00am
Meezan Capital Preservation Plan-II launched

Meezan Capital Preservation Plan-II launched

Al Meezan Investment Management Limited (Al Meezan) has launched Meezan Capital Preservation Plan-II (MCPP-II), which is the sixth in the series of capital protection/preservation plans/funds launched by the company. It goes without saying that all operat
Published 27 Dec, 2014 12:00am
'4G LTE'-A dream Zong made a reality for mobile users

'4G LTE'-A dream Zong made a reality for mobile users

High speed browsing on mobile phone with 4G LTE was once a distant dream of mobile users which was made a reality earlier this year by Zong. Being the first and only operator to give both 3G & 4G LTE, Zong has given consumers a platform to enjoy the most
Published 27 Dec, 2014 12:00am
Cold spell & wedding season: prices of chicken meat on the rise

Cold spell & wedding season: prices of chicken meat on the rise

With the advent of winter season in the city, demand and sale of chicken meat has surged considerably, thereby increasing its prices. Shopkeepers said that sale of chicken meat has almost been doubled as compared to other seasons in the wake of its enhanc
Published 27 Dec, 2014 12:00am
Terrorists to be punished to honour the blood of martyrs: Mamnoon

Terrorists to be punished to honour the blood of martyrs: Mamnoon

President Mamnoon Hussain Friday said the exemplary punishment would be awarded to the terrorists as government fully honours the blood of martyrs. "Today, a day of celebration, reminds me martyrdom of my innocent children who were killed for no reason an
Published 27 Dec, 2014 12:00am
Saudi Arabia limits family visit visa to six months

Saudi Arabia limits family visit visa to six months

The Saudi Passport Department has issued new regulations stating that family visitor visas would now be limited to only six months, or 180 days, quoting an official spokesman. The period would start once a visitor arrives in the Kingdom and registers on t
Published 27 Dec, 2014 12:00am
Warid Telecom launches LTE Services in Pakistan

Warid Telecom launches LTE Services in Pakistan

Warid Telecom, Pakistan's most trusted and innovative mobile service provider is proud to announce the commercial launch of its LTE (Long Term Evolution) services in Pakistan. Starting from 26th December, 2014, Warid customers will be able to enjoy 7 days
Published 27 Dec, 2014 12:00am
Initiatives to be taken to promote soft image of SU: vice chancellor

Initiatives to be taken to promote soft image of SU: vice chancellor

Vice-Chancellor of Sindh University (SU) Professor (Dr) Imdad Ali Ismaili has said the university will take some new initiatives to promote its educational worth and soft image. He assured that the administration will address the 'hardship cases' of emplo
Published 27 Dec, 2014 12:00am
July-November mobile phone import up 6.15 percent YoY

July-November mobile phone import up 6.15 percent YoY

The country imported mobile phones worth $282.872 million during July-November 2014-15, up by 6.15 percent against the import during the same period in 2013-14, official figures said. The mobile handsets import posted an increase of $16.401 million during
Published 27 Dec, 2014 12:00am
Missing person's case: SHC shows displeasure over conduct of IO

Missing person's case: SHC shows displeasure over conduct of IO

Expressing displeasure over conduct of investigation officer, Sindh High Court on Friday directed him to either procure information about missing MQM activist's mobile phone and his location or ask DIG concerned to appear before court.
Published 27 Dec, 2014 12:00am
Chinese motorcycle parts PAAPAM concerned at reduced valuation

Chinese motorcycle parts PAAPAM concerned at reduced valuation

The Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM), criticised the customs for reducing valuation of Chinese motorcycle parts even below the rates of raw materials for commercial importers, and said that such arbitrary val
Published 27 Dec, 2014 12:00am
Irsa reduces water outflows from dams

Irsa reduces water outflows from dams

The Indus River System Authority (Irsa) has reduced water outflows from the Tarbela and Mangla dams to facilitate the month-long de-silting programme 2014-15 beginning Saturday across the country. Punjab Irrigation engineers told Business Recorder
Published 27 Dec, 2014 12:00am
Rescue 1122 to implement CBDRM programmes

Rescue 1122 to implement CBDRM programmes

Punjab Emergency Service (Rescue 1122) is working for changing mindset of the public to establish socially responsible; healthy, safer and more resilient communities in Punjab through Community Based Disaster Risk Management (CBDRM). Director General, Pun
Published 27 Dec, 2014 12:00am
Extraordinary situation warrants extraordinary decisions: Shahbaz

Extraordinary situation warrants extraordinary decisions: Shahbaz

Punjab Chief Minister Shahbaz Sharif has expressed his determination that extremism and terrorism will be eliminated forever and a safe and peaceful Pakistan will be given to new generations. He expressed these views while talking to senior journalists, i
Published 27 Dec, 2014 12:00am
KBP elects new office-bearers for Punjab

KBP elects new office-bearers for Punjab

Kisan Board Pakistan (KBP) Central President Sadiq Khan Khakwani on Friday announcing new office-bearers for Punjab has appointed Khurshid Khan Kanjoo as President and Arsalan Khan Khakwani as General Secretary. The newly appointed office bearers took oat
Published 27 Dec, 2014 12:00am
HRCP voices alarm over setting up of special courts

HRCP voices alarm over setting up of special courts

The Human Rights Commission of Pakistan (HRCP) has expressed serious alarm over the decision to set up special courts to be headed by military officers to try terrorism cases. In a statement issued on Friday, HRCP stated: "The Commission is dismayed that
Published 27 Dec, 2014 12:00am
Punjab-based textile: APTMA concerned over delay in gas supply

Punjab-based textile: APTMA concerned over delay in gas supply

Chairman APTMA S M Tanveer has expressed concerns over suspension of 100MMCFD gas supply to the Punjab-based textile industry by the SNGPL since last seven days. He said suspension of gas supply to the Punjab-based textile industry over the long period is
Published 27 Dec, 2014 12:00am
Qatari delegation offers to initiate joint ventures

Qatari delegation offers to initiate joint ventures

Head of six-member delegation from Qatar Ahmed Hussain has invited the Pakistan businessmen to initiate joint ventures with their Qatari counterparts as abundant investment and business opportunities are available there in various sectors including infras
Published 27 Dec, 2014 12:00am
HabibMetro holds brand activation

HabibMetro holds brand activation

HabibMetro offered the participants and audience a chance to win valuable prizes in its brand activation at the Fortress Square Mall in Lahore on the 25th and 26th of December 2014. In addition to three lucky draw prizes each day, the activation offered a
Published 27 Dec, 2014 12:00am
All set to observe Benazir's death anniversary today

All set to observe Benazir's death anniversary today

Pakistan People's Party (PPP) Larkana district president MNA Mohammad Ayaz Soomro said on Friday that all arrangements have been completed to observe the seventh death anniversary of the assassinated chairperson of PPP and former prime minister, Shaheed M
Published 27 Dec, 2014 12:00am
Indian bonds, rupee fall on year-end FII sell-off

Indian bonds, rupee fall on year-end FII sell-off

Indian bonds fell for the second straight session on Friday, with the yield on the 10-year benchmark paper touching its highest level in more than a week, as auction cut-offs set by the central bank disappointed the market.
Published 27 Dec, 2014 12:00am
Indian bonds, rupee fall on year-end FII sell-off

Indian bonds, rupee fall on year-end FII sell-off

Indian bonds fell for the second straight session on Friday, with the yield on the 10-year benchmark paper touching its highest level in more than a week, as auction cut-offs set by the central bank disappointed the market.
Published 27 Dec, 2014 12:00am
Rouble rebounds sharply from lows as exporters sell dollars

Rouble rebounds sharply from lows as exporters sell dollars

Russia's rouble rose on Friday to its strongest levels in more than three weeks, in a sharp rebound from its recent all-time lows, after the government ordered exporters to sell some of their hard currency revenues.
Published 27 Dec, 2014 12:00am
Yuan weakens, backs away from gains as dollar appetite returns

Yuan weakens, backs away from gains as dollar appetite returns

China's yuan weakened on Friday, changing hands at 6.2079 per dollar, backing off from two consecutive days of gains and set to soften 0.19 percent for the week. The yuan posted its sharpest single-day rise in value against the dollar since May on Thursda
Published 27 Dec, 2014 12:00am
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