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Print - 2015-03-19
Greek parliament adopts anti-poverty law

Greek parliament adopts anti-poverty law

The Greek parliament on Wednesday overwhelmingly adopted a "humanitarian crisis" bill aimed at helping its poorest people, ignoring apparent pressure from the European Union to halt the legislation. This first package of social measures put forward by Pri
Published 19 Mar, 2015 12:00am
'Genetic map' of Britain shows legacy of war, migration

'Genetic map' of Britain shows legacy of war, migration

In an unprecedented probe into genetic history, scientists on Wednesday said native Britons have distinct DNA signatures that often correspond to their region's past. People who have long-term ancestry in Britain fall into 17 "genetically distinct" region
Published 19 Mar, 2015 12:00am
Prominent Yemeni journalist and Houthi activist killed

Prominent Yemeni journalist and Houthi activist killed

Assailants on a motorbike on Wednesday shot dead one of Yemen's top journalists, Abdul Kareem al-Khaiwani, who is also an activist close to the country's dominant Houthi group, police sources said. The group's television channel al-Maseerah said al-Khaiwa
Published 19 Mar, 2015 12:00am
UAE recalls ambassador from Sweden as Saudi spat spreads

UAE recalls ambassador from Sweden as Saudi spat spreads

The United Arab Emirates recalled its ambassador from Sweden Wednesday, widening a diplomatic row triggered by the Nordic country's criticism of Saudi Arabia. The protest came a week after Saudi Arabia recalled its ambassador from Stockholm, citing Swedis
Published 19 Mar, 2015 12:00am
Sierra Leone leader sacks vice president

Sierra Leone leader sacks vice president

Sierra Leone leader Ernest Bai Koroma began the search for a new deputy and potential successor on Wednesday after sacking his vice-president in a bid to end a political crisis engulfing the fragile nation. Samuel Sam-Sumana's dismissal comes almost two w
Published 19 Mar, 2015 12:00am
Court bans Uber's online taxi service in Germany

Court bans Uber's online taxi service in Germany

A German court on Wednesday ruled against US taxi app company Uber, issuing a nation-wide ban on its ride-sharing service uberPOP. The firm, which operates in 250 cities world-wide, has drawn criticism in many countries from regulators and established tax
Published 19 Mar, 2015 12:00am
February was second hottest in global record: US

February was second hottest in global record: US

Last month was the second hottest February in modern history, according to a report Wednesday by US government scientists who measure the global average land and sea temperature each month. The month's average temperature across global land and ocean surf
Published 19 Mar, 2015 12:00am
Dust cloud, aurora detected around Mars

Dust cloud, aurora detected around Mars

A NASA spacecraft circling Mars has detected a mysterious dust cloud and a vibrant aurora, both unexpected phenomena on Earth's neighbouring planet, researchers said Wednesday. NASA's Mars Atmosphere and Volatile Evolution (MAVEN) detected the aurora - kn
Published 19 Mar, 2015 12:00am
One dead in US shooting, gunman on loose

One dead in US shooting, gunman on loose

One person was killed and up to five others hurt in a shooting in Arizona on Wednesday, while a lone gunman was still on the loose, a report and officials said. Police said only that four people were shot in Mesa, a suburb of Phoenix, where SWAT teams scr
Published 19 Mar, 2015 12:00am
US still backs two-state solution in Middle East: White House

US still backs two-state solution in Middle East: White House

The White House said Wednesday it still believes a two-state solution is the best way to find peace in the Middle East, after Israeli Prime Minister Benjamin Netanyahu ruled out the creation of a Palestinian state. President Barack Obama believes a two-st
Published 19 Mar, 2015 12:00am
Cotton has biggest gain in nearly a year after Fed statement

Cotton has biggest gain in nearly a year after Fed statement

Cotton futures rose the most in a single session in nearly a year on Wednesday after the US dollar fell sharply after a US Federal Reserve statement that opened the door to an interest rate hike but hinted it could take a gradual approach. The front-month
Published 19 Mar, 2015 12:00am
Palm oil bounces

Palm oil bounces

Malaysian palm oil futures rallied from a near seven-week low on Wednesday in a technical correction to end higher, though traders said weaker crude oil and soy prices would cap gains. The benchmark June contract on the Bursa Malaysia Derivatives Exchange
Published 19 Mar, 2015 12:00am
Cocoa remains down, arabica higher

Cocoa remains down, arabica higher

New York cocoa futures fell for the 11th straight session in heavy volume on Wednesday, flirting with a six-week low while speculators continued to sell as crop weather conditions improved in West Africa. Arabica coffee turned higher after an influential
Published 19 Mar, 2015 12:00am
Corn and soya dive on export woes

Corn and soya dive on export woes

US soyabean futures sagged 1.5 percent to their lowest in almost five months on Tuesday, with export demand for US supplies fading amid the expanding harvest in Argentina and Brazil, traders said. "The fundamentals are not friendly here; the South America
Published 19 Mar, 2015 12:00am
Rubber down

Rubber down

Benchmark Tokyo rubber futures edged lower on Wednesday as renewed falls in oil prices and weaker Shanghai rubber futures outweighed declining rubber inventories at Japanese ports, dealers said. The Tokyo Commodity Exchange (TOCOM) rubber contract for Aug
Published 19 Mar, 2015 12:00am
Shanghai copper falls

Shanghai copper falls

The most-traded May copper contract on the Shanghai Futures Exchange slid 2.4 percent to 41,620 yuan ($6,675) a tonne on Wednesday. Prices touched their lowest in four sessions. China consumer demand remains tepid a month after the Lunar New Year, while s
Published 19 Mar, 2015 12:00am
Copper takes biggest fall since January

Copper takes biggest fall since January

Copper took its biggest fall since late January on Wednesday, weighed down by economic weakness in top consumer China and expectations the Federal Reserve will prepare the ground for an increase in US interest rates. Other metals slid to fresh lows as inv
Published 19 Mar, 2015 12:00am
Gold hits four-month low in New York

Gold hits four-month low in New York

Gold fell to a four-month low in volatile dealings on Tuesday, on investor jitters ahead of a Federal Reserve policy meeting that may offer further clues to support expectations of a mid-2015 rise in US interest rates. Spot gold fell as low as $1,142.86 a
Published 19 Mar, 2015 12:00am
Gold slips in Asia

Gold slips in Asia

Gold dropped to near its lowest in more than four months on Wednesday, reflecting caution ahead of the conclusion of a Federal Reserve meeting that may stoke expectations for a mid-year hike in US interest rates. Many expect the Fed officials, who started
Published 19 Mar, 2015 12:00am
Gold steadies in Europe

Gold steadies in Europe

Gold prices were steady on Wednesday, staying near four-month lows, as investors remained cautious pending the conclusion of a Federal Reserve meeting that may stoke expectations for a mid-yeaar rise in US interest rates. US Fed officials started a two-da
Published 19 Mar, 2015 12:00am
US MIDDAY: soyabeans rise; corn and wheat fall

US MIDDAY: soyabeans rise; corn and wheat fall

US soyabean futures edged higher on Wednesday on a round of bargain buying and short-covering after prices fell near five-month lows on Tuesday, traders said. Corn and wheat were lower, weighed down by plentiful global supplies and weakening export demand
Published 19 Mar, 2015 12:00am
US MIDDAY: gold surges over two percent

US MIDDAY: gold surges over two percent

Gold prices surged more than 2 percent early on Wednesday, on track for the biggest rally since January after the Federal Reserve signalled a more cautious outlook for US economic growth, and the dollar tumbled. The Fed opened the door further for an inte
Published 19 Mar, 2015 12:00am
Brent oil jumps five percent, US crude up three percent

Brent oil jumps five percent, US crude up three percent

Oil prices jumped as much as 5 percent on Wednesday as the dollar fell after the Federal Reserve indicated it preferred a more gradual path to normalising US interest rates despite being open to the first rate hike in almost a decade. Benchmark Brent oil
Published 19 Mar, 2015 12:00am
APTMA rejects inclusion of unaccounted for expenses in FPA for January

APTMA rejects inclusion of unaccounted for expenses in FPA for January

All Pakistan Textile Mills Association (APTMA) has rejected the incorporation of unaccounted for expenses in the Fuel Price Adjustment for the month of January 2015. While participating the National Electric Power Regulatory Authority (Nepra) hearing on W
Published 19 Mar, 2015 12:00am
Youhannabad incident: PPP leaders visit victims at LGH

Youhannabad incident: PPP leaders visit victims at LGH

A delegation of PPP Punjab visited Lahore General Hospital (LGH) and conveyed best wishes of Bilawal Bhutto, Asif Ali Zardari and Mian Manzoor Ahmed Wattoo to the victims of Youhannabad incident. The delegation presented bouquets to the victims and prayed
Published 19 Mar, 2015 12:00am
MBBS programme: UHS developing new integrated curriculum

MBBS programme: UHS developing new integrated curriculum

The University of Health Sciences (UHS) is developing a new integrated curriculum for MBBS programme aiming at to providing students with a patient-centered and disease-focused medical education that will also be as a crucial step towards introducing seme
Published 19 Mar, 2015 12:00am
Salaries of PTI MNAs withheld, says Speaker Sadiq

Salaries of PTI MNAs withheld, says Speaker Sadiq

National Assembly Speaker Sardar Ayaz Sadiq said on Wednesday that salaries of Pakistan Tehreek-e-Insaf MNAs have been withheld as they are not coming to the assembly. In August last year, the PTI announced to resign from the National Assembly in a protes
Published 19 Mar, 2015 12:00am
HUM Network

HUM Network

The 11-year old entertainment channel, HUM Network (KSE symbol: HUMNL), enjoys the reputation of being the first ever listed company in electronic media in Pakistan. It started its operations in January 2005, and subsequently the acquisition of its up-lin
Published 19 Mar, 2015 12:00am
HUM Network

HUM Network

The 11-year old entertainment channel, HUM Network (KSE symbol: HUMNL), enjoys the reputation of being the first ever listed company in electronic media in Pakistan. It started its operations in January 2005, and subsequently the acquisition of its up-lin
Published 19 Mar, 2015 12:00am
'Labour department to upgrade its four schools as model institutions'

'Labour department to upgrade its four schools as model institutions'

"Labour department has decided to upgrade its existing four schools as model institutions and enroll 200 students in each school in technical trade to train them as skilled human resource." This was stated by Sindh Minister for Labour Ali Asghar Junejo wh
Published 19 Mar, 2015 12:00am
OICCI asks FBR to review ACT and MTR for companies

OICCI asks FBR to review ACT and MTR for companies

Overseas Investors Chamber of Commerce & Industry (OICCI) has recommended to the Federal Board of Revenue (FBR) to review the Alternate Corporate Tax (ACT) and Minimum Tax Regime (MTR) for companies in budget (2015-16). Sources told Business Recorder <
Published 19 Mar, 2015 12:00am
Women's Day celebrated at APWA Ayesha Siddiqa Girls School

Women's Day celebrated at APWA Ayesha Siddiqa Girls School

Women's Day was celebrated at Ayesha Siddiqa School which is located in Liaquatabad for underprivileged children. However, it was a treat to visit the school, where the children were neatly dressed. There were about 400 students (girls) and programme star
Published 19 Mar, 2015 12:00am
OICCI for incentives to attract rapid flow of FDI

OICCI for incentives to attract rapid flow of FDI

Overseas Investors Chamber of Commerce & Industry (OICCI) has recommended the Federal Board of Revenue (FBR) to announce attractive incentives package in budget (2015-16) to attract rapid flow of Foreign Direct Investment (FDI) by exempting upfront levy o
Published 19 Mar, 2015 12:00am
Alamgir Welfare Trust commences education aid project

Alamgir Welfare Trust commences education aid project

The Alamgir Welfare Trust commences its Education Aid Project to provide school and college course to poor and needy students. The project starting from mid-March will span over a period of two and a half months. Poor parents are asked to bring original c
Published 19 Mar, 2015 12:00am
Bill adjustments: HCCI wants Hesco to resume facility

Bill adjustments: HCCI wants Hesco to resume facility

Hyderabad Chamber of Commerce and Industry (HCCI) has urged Hesco to resume facility of bill adjustments for business community in Hyderabad. Chairman Sub-Committee HCCI on Hesco, Abdul Sattar Khan said this in a statement released here on Wednesday. "The
Published 19 Mar, 2015 12:00am
Air chief pays farewell call on Naval Chief

Air chief pays farewell call on Naval Chief

Chief of Air Staff, Air Chief Marshal Tahir Rafique Butt paid a farewell call on Chief of the Naval Staff Admiral Muhammad Zakaullah at Naval Headquarters Wednesday. During the meeting, Chief of the Naval Staff Admiral Muhammad Zakaullah commended the rem
Published 19 Mar, 2015 12:00am
Fishermen rescue endangered dolphin, free it into waters

Fishermen rescue endangered dolphin, free it into waters

A 5.5 feet-long endangered Indo-pacific humpback dolphin that had beached Sonmiani coast, Balochistan surprisingly found a helping hand from local fishermen, who rescued and freed it in the waters. Two fishermen - Naseer Ahmed and Tehseen - cut short thei
Published 19 Mar, 2015 12:00am
Paint firm fined Rs 1 million for deceptive marketing drive

Paint firm fined Rs 1 million for deceptive marketing drive

The Competition Commission of Pakistan (CCP) has imposed a penalty of Rs 1,000,000 on a paint company, Jotun Pakistan (Pvt) Limited, for violation of Section 10 of the Competition Act, 2010, while promoting its products. The order was passed by a bench co
Published 19 Mar, 2015 12:00am
General Punjab industries: two-day weekly gas supply restored

General Punjab industries: two-day weekly gas supply restored

The Sui-Northern Gas Pipelines Limited (SNGPL) has restored two-day weekly gas supply to general industries in Punjab after five months on Wednesday. According to revised gas load-management plan of the SNGPL gas supply has been restored to the general in
Published 19 Mar, 2015 12:00am
General Punjab industries: two-day weekly gas supply restored

General Punjab industries: two-day weekly gas supply restored

The Sui-Northern Gas Pipelines Limited (SNGPL) has restored two-day weekly gas supply to general industries in Punjab after five months on Wednesday. According to revised gas load-management plan of the SNGPL gas supply has been restored to the general in
Published 19 Mar, 2015 12:00am
Olson launches Lincoln Corner Quetta

Olson launches Lincoln Corner Quetta

United States Ambassador to Pakistan Richard G Olson launched Lincoln Corner Quetta at the University of Balochistan's Law College, presenting a gift of 150 books for the new facility. US Consul General Brian Heath, University of Balochistan Law College V
Published 19 Mar, 2015 12:00am
Substandard beauty products causing harm to women's health

Substandard beauty products causing harm to women's health

Substandard beauty and whitening creams are flooding in the city markets to cash in on the fever of fair complexion among women, leading to harmful effects on their health on irreparable basis. Highlighting the hazards of substandard and toxic products at
Published 19 Mar, 2015 12:00am
Import of 0.38 million tons of urea for Kharif planned

Import of 0.38 million tons of urea for Kharif planned

The Fertilizer Review Committee (FRC) has proposed import of 0.38 million tons of urea to avert shortage in the domestic market during the Kharif season. The FRC will send a summary shortly to get a nod from the Economic Co-ordination Committee (ECC), sou
Published 19 Mar, 2015 12:00am
Samsung introduces flash memory storage

Samsung introduces flash memory storage

Samsung Electronics Co Ltd, the world leader in advanced memory technology, on Wednesday introduced a high-performance mobile memory storage based on Embedded Multi Media Card (eMMC) 5.0 technology. The new 128 gigabyte (GB), three-bit NAND-based eMMC 5.0
Published 19 Mar, 2015 12:00am
Samsung introduces flash memory storage

Samsung introduces flash memory storage

Samsung Electronics Co Ltd, the world leader in advanced memory technology, on Wednesday introduced a high-performance mobile memory storage based on Embedded Multi Media Card (eMMC) 5.0 technology. The new 128 gigabyte (GB), three-bit NAND-based eMMC 5.0
Published 19 Mar, 2015 12:00am
Death row convict's family makes emotional plea for mercy

Death row convict's family makes emotional plea for mercy

The family of a Pakistani man charged as a child with murder and due to be hanged made heartrending appeals to the government on Wednesday, complaining of a flawed justice system that allowed months of torture to extract a confession. Lawyers for Shafqat
Published 19 Mar, 2015 12:00am
Search operation: eight suspects held in Quetta

Search operation: eight suspects held in Quetta

The law enforcement agencies have arrested eight suspected persons during a search operation carried out in Joint Road area of the provincial capital. Police sources on Wednesday said that acting on a tip-off, law enforcement agencies launched a joint sea
Published 19 Mar, 2015 12:00am
Industrialists hail Rangers for improving law and order

Industrialists hail Rangers for improving law and order

Chairman, Law and Order Standing Committee of Korangi Association of Trade and Industry (KATI) Nadeem Khan has expressed satisfaction over the efforts made by Ranger to control law and order in Sindh in general and Karachi in particular, which reduced cas
Published 19 Mar, 2015 12:00am
Pak Suzuki declares Rs 5 per share dividend for CY14

Pak Suzuki declares Rs 5 per share dividend for CY14

Pak Suzuki Motor Company (PSMC) announced its financial results for calendar year 2014 on Wednesday. The company posted a profit after tax (PAT) of Rs 1.92 billion and earning per share (EPS) of Rs 23.35 during the year under review. This marks a rise of
Published 19 Mar, 2015 12:00am
Pak Suzuki declares Rs 5 per share dividend for CY14

Pak Suzuki declares Rs 5 per share dividend for CY14

Pak Suzuki Motor Company (PSMC) announced its financial results for calendar year 2014 on Wednesday. The company posted a profit after tax (PAT) of Rs 1.92 billion and earning per share (EPS) of Rs 23.35 during the year under review. This marks a rise of
Published 19 Mar, 2015 12:00am
July-February agriculture credit disbursement soars to Rs 288.7 billion

July-February agriculture credit disbursement soars to Rs 288.7 billion

Banks disbursed Rs 288.7 billion as agricultural credit during first eight months (July-February) of current fiscal year (FY15). The disbarment is 58 percent of the overall annual target of Rs 500 billion and 32 percent higher than the disbursement of Rs
Published 19 Mar, 2015 12:00am
Prisoner hanged in Attock jail

Prisoner hanged in Attock jail

Asad Khan was hanged on Wednesday morning at District jail. According to details, he was convicted after committing five murders in two different incidents. He was sentenced to death after being proven guilty in a triple murder case. It is pertinent to me
Published 19 Mar, 2015 12:00am
PTCL signs agreement with Nespak

PTCL signs agreement with Nespak

Pakistan Telecommunication Company Limited (PTCL) has inked an agreement with NESPAK for deployment of PTCL infrastructure and provisioning of services in NESPAK Housing Society. The partnership will enable residents of NESPAK Housing Society to experienc
Published 19 Mar, 2015 12:00am
FCCI rejects proposed 30 percent hike in gas tariff

FCCI rejects proposed 30 percent hike in gas tariff

The Faisalabad Chamber of Commerce and Industry (FCCI) has opposed and rejected proposed 30 percent hike in gas tariff as it would add an additional and unbearable burden of Rs 25 billion on textile sector. Nadeem Allahwala Acting President of FCCI said t
Published 19 Mar, 2015 12:00am
Ex-SVP LCCI appointed chief of Board of Investment & Trade

Ex-SVP LCCI appointed chief of Board of Investment & Trade

The Punjab government has appointed former Lahore Chamber of Commerce and Industries senior vice president and former chairman of the Pakistan Poultry Association Abdul Basit as Punjab Board of Investment and Trade Chairman. He thanked the chief minister
Published 19 Mar, 2015 12:00am
Extremism, terrorism: Call to pursue comprehensive approach

Extremism, terrorism: Call to pursue comprehensive approach

Confronted with security challenges on multiple fronts, Pakistan should pursue a comprehensive approach for dealing with extremism and terrorism, besides, pro-actively engaging neighbouring countries for creating a peaceful neighbourhood. This was the con
Published 19 Mar, 2015 12:00am
TEVTA, CBL sign MoU

TEVTA, CBL sign MoU

-Technical Education and Vocational Training Authority (TEVTA) in collaboration with Crescent Bahuman Limited (CBL) will offer short courses in Garment Sector in Punjab. This collaborative training is aimed to provide skilled workforce in the Garment Sect
Published 19 Mar, 2015 12:00am
BISP develops '100 Days Action Plan'

BISP develops '100 Days Action Plan'

Benazir Income Support Programme (BISP) has developed 100 Days Action Plan (100 DAP) with over 70 actionable items with specific deadlines and responsibilities in order to meet the operational and service delivery related challenges." Minister of State/Ch
Published 19 Mar, 2015 12:00am
Shershah bridge: NHA appeal dismissed

Shershah bridge: NHA appeal dismissed

The Supreme Court on Wednesday upheld the verdict of Sindh High Court (SHC) which had rejected the plea of National Highway Authority (NHA) to place the names of its two engineers on Exit Control List (ECL) in the Shershah bridge collapse case. Turning do
Published 19 Mar, 2015 12:00am
Turkmenistan offers to mediate between Afghan government, Taliban

Turkmenistan offers to mediate between Afghan government, Taliban

Turkmenistan has offered the mediation between the Afghan government and the Taliban for restoration of peace and stability what it considers essential for execution of important energy projects, including the Turkmenistan-Afghanistan-Pakistan-India (TAPI
Published 19 Mar, 2015 12:00am
Tariq Azeem appointed Pakistan's HC to Canada

Tariq Azeem appointed Pakistan's HC to Canada

The government has reversed its earlier decision to appoint an officer form Commerce and Trade group as Pakistan's High Commissioner to Canada and named a ruling party politician Tariq Azeem Khan for the key diplomatic assignment in Ottawa.
Published 19 Mar, 2015 12:00am
Sony Mobile launches Xperia E4 Dual smartphones

Sony Mobile launches Xperia E4 Dual smartphones

Sony Mobile Communications introduces its new Xperia E4 Dual smartphones, offering ease-of-use, big screen entertainment and powerful battery performance in a high-quality yet affordable design. "With Xperia E4 Dual, we wanted to offer people some of the
Published 19 Mar, 2015 12:00am
'Home Remittance second largest source of foreign exchange after export'

'Home Remittance second largest source of foreign exchange after export'

In Pakistan's economy home remittance is the second largest source of foreign exchange after export. Banks especially NBP is doing a marvellous job in channelizing the remittances of overseas Pakistani workers through regular banking channels thus avoidin
Published 19 Mar, 2015 12:00am
Solar eclipse will not be visible in Pakistan tomorrow

Solar eclipse will not be visible in Pakistan tomorrow

The solar eclipse which is likely to hit solar-generated electricity in Europe on Friday, will not be visible in Pakistan, Meteorological Department officials told Business Recorder. There will be four eclipses, two lunar (of the Moon) and two sola
Published 19 Mar, 2015 12:00am
Police arrest 120 suspects from different areas

Police arrest 120 suspects from different areas

City police on Wednesday claimed to have arrested 120 suspects in targeted raids and encounters from different areas of the metropolis during last 24 hours. Police said that their 86 raids and six encounters carried out as a part of Karachi operation led
Published 19 Mar, 2015 12:00am
Key accused in Zahra Shahid murder case arrested

Key accused in Zahra Shahid murder case arrested

Sindh Rangers on Wednesday claimed to have arrested a key accused in the Pakistan Tehreek-e-Insaf (PTI) leader Zahra Shahid's murder case. According to a Rangers spokesman, the paramilitary troops conducted a surgical operation near Teen Talwar area of Ka
Published 19 Mar, 2015 12:00am
Nadra urged to issue blocked NICs immediately in KP

Nadra urged to issue blocked NICs immediately in KP

All Parties Nazimeen and Councillor Alliance, Peshawar has urged the Chairman Nadra to issue the blocked national identity cards (NICs) immediately and provision of facilities to people at Nadra centres of the province. The body also gave a deadline up to
Published 19 Mar, 2015 12:00am
Two held for illegal Hundi business

Two held for illegal Hundi business

A raiding team of FIA following a raid at a shop at Abdullah Centre, Hall Road arrested two persons Jawwad Khan and Hussain on the charges of indulging in illegal business of Hundi/ Hawala. The FIA team recovered cash of Rs 525,000/- receipt registers per
Published 19 Mar, 2015 12:00am
Security plan for Pakistan Day parade chalked out

Security plan for Pakistan Day parade chalked out

The city police and 111 Brigade have jointly chalked out a comprehensive security plan for Pakistan Day military parade, and security of the Federal Capital has also been put on high alert to thwart any untoward incident. A senior official of Islamabad po
Published 19 Mar, 2015 12:00am
PIAF urges SBP to cut rate by 100 basis points

PIAF urges SBP to cut rate by 100 basis points

The Pakistan Industrial and Traders Associations Front on Wednesday urged the State Bank of Pakistan to reduce the policy rate by 100 basis-points in its upcoming monitory policy. Front Chairman Tahir Javed Malik in a statement said the reduction in the m
Published 19 Mar, 2015 12:00am
Bank AL Habib declares 30 percent cash dividend

Bank AL Habib declares 30 percent cash dividend

The Annual General Meeting of Bank AL Habib Limited was held at its Registered Office in Multan on Wednesday. The shareholders approved the Annual Accounts for the year ended December 31, 2014. The payment of 30 percent Cash Dividend (Final) was also appr
Published 19 Mar, 2015 12:00am
Bank AL Habib declares 30 percent cash dividend

Bank AL Habib declares 30 percent cash dividend

The Annual General Meeting of Bank AL Habib Limited was held at its Registered Office in Multan on Wednesday. The shareholders approved the Annual Accounts for the year ended December 31, 2014. The payment of 30 percent Cash Dividend (Final) was also appr
Published 19 Mar, 2015 12:00am
350 students awarded degrees at MAJU convocation

350 students awarded degrees at MAJU convocation

Some 350 students were awarded degrees in business administration and computer science disciplines at the sixth convocation of Mohammad Ali Jinnah University (MAJU), here at the PAF Museum the other day. In recognition of his services in the field of medi
Published 19 Mar, 2015 12:00am
Sharjeel lays foundation of Nusrat Bhutto Underpass

Sharjeel lays foundation of Nusrat Bhutto Underpass

Sindh Minister for Local Bodies here on Wednesday laid the foundation of Madar-e-Jamhooriat Begum Nusrat Bhutto underpass being undertaken by KMC against an estimated cost of Rs 510 million. The underpass to be constructed from Hotel Mehran to Lucky Star
Published 19 Mar, 2015 12:00am
Rs 229 billion mopped up in MTBs auction

Rs 229 billion mopped up in MTBs auction

The federal government Wednesday raised Rs 229 billion through the auction of Market Treasury Bills (MTBs). Against previous auction, participation in this auction was healthy and most of banks evinced interest in 6- and 12-month bills as State Bank of Pa
Published 19 Mar, 2015 12:00am
Rs 229 billion mopped up in MTBs auction

Rs 229 billion mopped up in MTBs auction

The federal government Wednesday raised Rs 229 billion through the auction of Market Treasury Bills (MTBs). Against previous auction, participation in this auction was healthy and most of banks evinced interest in 6- and 12-month bills as State Bank of Pa
Published 19 Mar, 2015 12:00am
Sindh government grants SEZ status to three industrial zones

Sindh government grants SEZ status to three industrial zones

Sindh government has granted special economic zone (SEZ) status to three industrial zones in the province including Khairpur Special Economic Zone, Korangi Creek Industrial Park and Bin Qasim Industrial Park. Decision in this regard was made during a meet
Published 19 Mar, 2015 12:00am
CPSP elections: LHC allows military doctors to participate

CPSP elections: LHC allows military doctors to participate

The Lahore High Court (LHC) on Wednesday allowed military doctors to participate in the elections of the College of Physicians and Surgeons in Pakistan (CPSP) but stopped them from wearing uniform during the election process. The court also said the membe
Published 19 Mar, 2015 12:00am
Exhumation of Numan: Magistrate summons IO

Exhumation of Numan: Magistrate summons IO

A judicial magistrate has summoned investigating officer (IO) today (March 19) following a petition seeking the exhumation of Numan Babar who was lynched by the enraged protesters in Youhanabad. A family member of Numan appeared before the judicial magist
Published 19 Mar, 2015 12:00am
UAF holds six-day spring festival

UAF holds six-day spring festival

The University of Agriculture Faisalabad (UAF) has staged a six-day spring festival from March 18 to March 23. The festival is bringing colourful events including tent pegging, milk competition, agricultural exhibition, Kissan convention, cultural show, e
Published 19 Mar, 2015 12:00am
EU envoy, KP chief minister discuss governance reforms, other issues

EU envoy, KP chief minister discuss governance reforms, other issues

  • The European Union (EU) Ambassador Lars-Gunnar Wigemark, accompanied by a two-member delegation, called on the Chief Minister Khyber Pakhtunkhwa Pervez Khattak at CM House here Wednesday. The provincial Minister for Finance Muzzafar Said, Minister for L
Published 19 Mar, 2015 12:00am
Illegal encroachment on plot: SHC issues notice to KMC head, others

Illegal encroachment on plot: SHC issues notice to KMC head, others

The Sindh High Court on Wednesday issued notice to the Karachi Metropolitan Corporation (KMC) administrator, the land management director and other official respondents to file comments on a petition seeking removal of encroachment from a commercial plot
Published 19 Mar, 2015 12:00am
Hand grenade hurled at private school in North Nazimabad

Hand grenade hurled at private school in North Nazimabad

Unknown miscreants on Wednesday hurled at a private school, who managed to flee but left a threatening letter worded as "As you sow so shall you reap." However, no loss of life or damage to property was reported in this attack. According to police, the in
Published 19 Mar, 2015 12:00am
MQM condemns cracker attack on school

MQM condemns cracker attack on school

The Co-ordination Committee of Muttahida Qaumi Movement strongly condemned the cracker attack on a private school and demanded of the government to immediately arrest the accomplice terrorists. The statement said that the cracker attacks were being carrie
Published 19 Mar, 2015 12:00am
Five killed, 60 hurt in Burewala road accident

Five killed, 60 hurt in Burewala road accident

At least five passengers were killed and 60 sustained injuries when a pilgrims bus turns turtle while taking a sharp turn at Dewan Sahib road here in the wee hours of Wednesday. According to details, a bus no FDP-1188 of Mouza Bath was going to Sakhi Sarw
Published 19 Mar, 2015 12:00am
LNG deal lacking transparency?

LNG deal lacking transparency?

That the Emir of Qatar, Sheikh Tamim bin Hammad al-Thani, will be arriving in Pakistan in the next two days to seal the LNG deal himself is a fact that has spoken loudly about the complexity of the issue. According to a Business Recorder report, th
Published 19 Mar, 2015 12:00am
The Weather

The Weather

The weather report on Wednesday (March 18, 2015) and the forecast for Thursday (March 19, 2015).

Published 19 Mar, 2015 12:00am
State of denial

State of denial

On February 17, 2015, Business Recorder published my article entitled 'Pakistan's economy lands in deflation'. Through this article, I wanted to apprise the government as well as the people of Pakistan that inflation, as measured by changes in whol
Published 19 Mar, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (March 18, 2015).

Published 19 Mar, 2015 12:00am
Customs Value under special conditions of intra-group relations

Customs Value under special conditions of intra-group relations

Customs valuation rules and tax transfer pricing rules consist of different objectives. To allocate income to reflect overall taxable income is the tax objective in this regard. To define value of a specific imported item is the customs objective. A confl
Published 19 Mar, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (March 18, 2015).

Published 19 Mar, 2015 12:00am
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