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Print - 2015-04-30
Kenya says has Qatari help for financial centre plan

Kenya says has Qatari help for financial centre plan

Kenya is finalising laws to make it easier for foreign banks to operate in the country, and wants to host a Chinese currency clearing centre, replicating Qatar's model, as it bids to become a regional financial hub. Finance Minister Henry Rotich also told
Published 30 Apr, 2015 12:00am
Greece not playing a game of chicken on debt: Kotzias

Greece not playing a game of chicken on debt: Kotzias

Greek Foreign Minister Nikos Kotzias said on Friday he respects Germany just not German politics, nor the way Berlin views Greece's economy, which faces the prospect of running out of money if it cannot agree to new bailout terms with creditors. Kotzias i
Published 30 Apr, 2015 12:00am
Greece not playing a game of chicken on debt: Kotzias

Greece not playing a game of chicken on debt: Kotzias

Greek Foreign Minister Nikos Kotzias said on Friday he respects Germany just not German politics, nor the way Berlin views Greece's economy, which faces the prospect of running out of money if it cannot agree to new bailout terms with creditors. Kotzias i
Published 30 Apr, 2015 12:00am
Colombia's Cerrejon says coal price too low to raise output

Colombia's Cerrejon says coal price too low to raise output

Joint venture Cerrejon, Colombia's biggest coal miner, does not plan to raise output with prices near 10-year lows, Chief Executive Officer Roberto Junguito said, despite investments to boost capacity by about one-quarter. Cerrejon has invested $1.2 billi
Published 30 Apr, 2015 12:00am
Owner of Tim Hortons, Burger King posts strong 1st-qtr sales

Owner of Tim Hortons, Burger King posts strong 1st-qtr sales

Restaurant Brands International Inc said on Monday its Burger King and Tim Hortons chains posted their strongest same-store sales performance in years in the first quarter, with customers lured in by popular menu items. The company's stock rose more than
Published 30 Apr, 2015 12:00am
Owner of Tim Hortons, Burger King posts strong 1st-qtr sales

Owner of Tim Hortons, Burger King posts strong 1st-qtr sales

Restaurant Brands International Inc said on Monday its Burger King and Tim Hortons chains posted their strongest same-store sales performance in years in the first quarter, with customers lured in by popular menu items. The company's stock rose more than
Published 30 Apr, 2015 12:00am
Strong dollar, Brazil to dent Whirlpool 2015 results

Strong dollar, Brazil to dent Whirlpool 2015 results

Whirlpool Corp posted a higher quarterly net income on Tuesday but lowered its profit forecast and sales outlook for 2015, predicting a significant drop in Latin American sales owing largely to Brazil's stagnating economy. The world's largest maker of hom
Published 30 Apr, 2015 12:00am
Strong dollar, Brazil to dent Whirlpool 2015 results

Strong dollar, Brazil to dent Whirlpool 2015 results

Whirlpool Corp posted a higher quarterly net income on Tuesday but lowered its profit forecast and sales outlook for 2015, predicting a significant drop in Latin American sales owing largely to Brazil's stagnating economy. The world's largest maker of hom
Published 30 Apr, 2015 12:00am
UK's Labour Party pledges to control rents if elected on May 7

UK's Labour Party pledges to control rents if elected on May 7

Britain's opposition Labour Party said on Sunday it would introduce rent controls if it wins an election on May 7 and ban private landlords from raising rents above the rate of inflation for the duration of new three-year contracts. Left-wing Labour and P
Published 30 Apr, 2015 12:00am
S&P ratings business drives McGraw Hill profit

S&P ratings business drives McGraw Hill profit

McGraw Hill Financial Inc reported a better-than-expected quarterly profit, helped by cost cuts and growth in its Standard & Poor's ratings service business as more high-grade bonds were issued. The company also said a reduction in headcount was the prima
Published 30 Apr, 2015 12:00am
S&P ratings business drives McGraw Hill profit

S&P ratings business drives McGraw Hill profit

McGraw Hill Financial Inc reported a better-than-expected quarterly profit, helped by cost cuts and growth in its Standard & Poor's ratings service business as more high-grade bonds were issued. The company also said a reduction in headcount was the prima
Published 30 Apr, 2015 12:00am
Merck shares jump on strong earnings, Januvia safety data

Merck shares jump on strong earnings, Januvia safety data

Merck & Co's shares jumped almost 5 percent after the US drugmaker reported better-than-expected quarterly results and released favorable data late Monday about the safety of its Januvia diabetes drug. The second-largest US drugmaker on Tuesday said it ea
Published 30 Apr, 2015 12:00am
Merck shares jump on strong earnings, Januvia safety data

Merck shares jump on strong earnings, Januvia safety data

Merck & Co's shares jumped almost 5 percent after the US drugmaker reported better-than-expected quarterly results and released favorable data late Monday about the safety of its Januvia diabetes drug. The second-largest US drugmaker on Tuesday said it ea
Published 30 Apr, 2015 12:00am
Ireland eyes more tax cuts as growth forecast to be nudged up

Ireland eyes more tax cuts as growth forecast to be nudged up

Ireland will have up to 1.5 billion euros extra in its budget for next year to divide evenly between tax cuts and additional spending, finance minister Michael Noonan said on Monday ahead of major speech on the economy. Noonan and spending minister Brenda
Published 30 Apr, 2015 12:00am
Santander Brasil shares jump on strong quarterly earnings

Santander Brasil shares jump on strong quarterly earnings

Shares of Banco Santander Brasil SA, the largest foreign lender in Brazil, jumped over 6 percent on Tuesday after posting a first-quarter profit that rose to its highest in three years. The S?o Paulo-based bank, the local subsidiary of Spain's Banco Santa
Published 30 Apr, 2015 12:00am
Santander Brasil shares jump on strong quarterly earnings

Santander Brasil shares jump on strong quarterly earnings

Shares of Banco Santander Brasil SA, the largest foreign lender in Brazil, jumped over 6 percent on Tuesday after posting a first-quarter profit that rose to its highest in three years. The S?o Paulo-based bank, the local subsidiary of Spain's Banco Santa
Published 30 Apr, 2015 12:00am
Boston Scientific says atrial fibrillation device in demand

Boston Scientific says atrial fibrillation device in demand

Boston Scientific Corp expects more hospitals will be able to offer its new atrial fibrillation treatment starting by the end of the third quarter as it paces the product's rollout to give physicians time to learn how to use it, its chief executive said.
Published 30 Apr, 2015 12:00am
Venezuela opposition leader says January-April inflation 50 percent

Venezuela opposition leader says January-April inflation 50 percent

Venezuela opposition leader Henrique Capriles said on Tuesday that the Opec member's accumulated inflation rate was 50 percent during the first four months of 2015. Capriles, who has given accurate inflation data in the past based on leaks, often criticis
Published 30 Apr, 2015 12:00am
Groups seek US SEC probe of Shell Arctic drilling risk disclosures

Groups seek US SEC probe of Shell Arctic drilling risk disclosures

An environmental group and a law clinic have petitioned the US Securities and Exchange Commission to investigate whether Royal Dutch Shell has adequately disclosed to investors the risks of oil exploration in Arctic waters, the groups said on Tuesday. The
Published 30 Apr, 2015 12:00am
Yara says Brazil fertilizer sales slower in 2015

Yara says Brazil fertilizer sales slower in 2015

Tight credit in Brazil has slowed the sale of fertilisers in Latin America's biggest agricultural producer, executives of Yara, the biggest supplier of the crop nutrients in Brazil, said on Tuesday. In the first quarter of 2015, fertilizer sales fell 5 pe
Published 30 Apr, 2015 12:00am
European Union moves to stop spread of 'olive tree leprosy'

European Union moves to stop spread of 'olive tree leprosy'

EU governments backed on Tuesday new measures to stop the spread of a bacterial disease that has attacked Italy's olive oil production, the European Commission said. The new measures mean EU countries must reveal all outbreaks in the European Union, carry
Published 30 Apr, 2015 12:00am
UK's oil services firms to cut jobs to ride out price slump

UK's oil services firms to cut jobs to ride out price slump

Amec Foster Wheeler Plc and Petrofac Ltd on Tuesday joined a growing list of London-listed oil and gas support services companies planning to cut jobs in response to the tumble in oil prices. Benchmark Brent crude oil prices have nearly halved in the firs
Published 30 Apr, 2015 12:00am
Chad to receive $1.1 billion debt relief

Chad to receive $1.1 billion debt relief

Chad should receive some $1.1 billion in debt relief after reaching the completion point of the Highly Indebted Poor Countries (HIPC) initiative for the World Bank and International Monetary Fund (IMF), the finance minister said. Kordje Bedoumra said grow
Published 30 Apr, 2015 12:00am
Chad to receive $1.1 billion debt relief

Chad to receive $1.1 billion debt relief

Chad should receive some $1.1 billion in debt relief after reaching the completion point of the Highly Indebted Poor Countries (HIPC) initiative for the World Bank and International Monetary Fund (IMF), the finance minister said. Kordje Bedoumra said grow
Published 30 Apr, 2015 12:00am
US auto safety regulator poised for action on Takata, Jeep recalls

US auto safety regulator poised for action on Takata, Jeep recalls

The National Highway Traffic Safety Administration expects to be ready to take action within two weeks to accelerate product recalls to reduce the safety risks associated with gas tank fires in older Jeep sport utility vehicles and exploding Takata Corp a
Published 30 Apr, 2015 12:00am
St James's Place shares fall on net inflows, election caution

St James's Place shares fall on net inflows, election caution

Shares in British wealth manager St James's Place fell more than 2 percent on Tuesday after it posted slightly below forecast inflows in the first quarter and expressed caution about next week's election. The company, which also provides a range of servic
Published 30 Apr, 2015 12:00am
St James's Place shares fall on net inflows, election caution

St James's Place shares fall on net inflows, election caution

Shares in British wealth manager St James's Place fell more than 2 percent on Tuesday after it posted slightly below forecast inflows in the first quarter and expressed caution about next week's election. The company, which also provides a range of servic
Published 30 Apr, 2015 12:00am
Increased human protections offered as H5N2 outbreak spreads

Increased human protections offered as H5N2 outbreak spreads

Hundreds of farm workers exposed to a highly pathogenic strain of bird flu have been offered antiviral medication as a preventative measure in recent days, US public health officials said. To date, the virulent H5N2 influenza, which has infected turkeys a
Published 30 Apr, 2015 12:00am
Galp's profit more than doubles, sees boost from Shell

Galp's profit more than doubles, sees boost from Shell

Portugal's Galp Energia said adjusted first-quarter net profit more than doubled from a year earlier, in line with expectations, thanks to a sharp increase in refining margins and rising oil output. In his first news briefing as chief executive, Carlos Go
Published 30 Apr, 2015 12:00am
Galp's profit more than doubles, sees boost from Shell

Galp's profit more than doubles, sees boost from Shell

Portugal's Galp Energia said adjusted first-quarter net profit more than doubled from a year earlier, in line with expectations, thanks to a sharp increase in refining margins and rising oil output. In his first news briefing as chief executive, Carlos Go
Published 30 Apr, 2015 12:00am
Royal reshuffle boosts Saudi Arabia's stocks; Egypt rebounds

Royal reshuffle boosts Saudi Arabia's stocks; Egypt rebounds

Saudi Arabia's stock market led gains in the Gulf on Wednesday after King Salman carried out major reshuffles in the line of succession and his cabinet. Egypt's bourse rebounded on hopes for good news about taxes. The main Saudi index climbed 1.0 percent
Published 30 Apr, 2015 12:00am
Australian shares suffer biggest drop in five months

Australian shares suffer biggest drop in five months

Australian shares posted their worst performance of the year so far on Tuesday, falling nearly 2 percent, led by stop-loss selling while a firm Aussie dollar put pressure on exporters and companies with heavy US exposure. All sectors were in the red with
Published 30 Apr, 2015 12:00am
Indian shares volatile ahead of derivatives expiry

Indian shares volatile ahead of derivatives expiry

Indian shares seesawed between positive and negative territories on Wednesday, a day ahead of the April derivatives contract expiry amid a holiday truncated week. Continued sales by foreign portfolio investors amid fresh worries on retrospective taxes, an
Published 30 Apr, 2015 12:00am
Wednesday's midday trade: stocks slip as economic growth stalls

Wednesday's midday trade: stocks slip as economic growth stalls

US stocks slipped on Wednesday after data showed that economic growth braked more sharply than expected in the first quarter, and ahead of the US Federal Reserve's likely decision to maintain historically low interest rates. US gross domestic product grew
Published 30 Apr, 2015 12:00am
Dow, S&P end up; Nasdaq slips with Apple

Dow, S&P end up; Nasdaq slips with Apple

The Dow and S&P 500 ended a volatile session higher on Tuesday, helped by strong earnings from Merck and gains in IBM after it boosted its dividend, while the Nasdaq fell with Apple. Adding to volatility just before the close, shares of Twitter dropped as
Published 30 Apr, 2015 12:00am
Japan markets closed

Japan markets closed

The stocks, financial and commodity markets in Japan are closed on Wednesday for a public holiday.
Published 30 Apr, 2015 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks rose 0.14 percent on Wednesday, though tech and smartphone brand HTC Corp tumbled. As of 0122 GMT, the main TAIEX index rose 14 points to 9,970.81, largely in line with a mixed showing in regional bourses, after closing down 0.16 percent on
Published 30 Apr, 2015 12:00am
Treasuries yields rise

Treasuries yields rise

US Treasuries yields rose on Tuesday with 10-year yield holding below 2 percent as investors reduced bond holdings to make room for government and corporate supply while waiting on the outcome of the Federal Reserve's policy meeting. Data from S&P/Case-Sh
Published 30 Apr, 2015 12:00am
Treasuries yields rise

Treasuries yields rise

US Treasuries yields rose on Tuesday with 10-year yield holding below 2 percent as investors reduced bond holdings to make room for government and corporate supply while waiting on the outcome of the Federal Reserve's policy meeting. Data from S&P/Case-Sh
Published 30 Apr, 2015 12:00am
Hong Kong shares fall

Hong Kong shares fall

Hong Kong stocks fell on Wednesday, weighed down by financial shares after two major Chinese banks reported weak first-quarter earnings, highlighting the drag from the slowing mainland economy. The Hang Seng index fell 0.2 percent to 28,400.34 points, whi
Published 30 Apr, 2015 12:00am
Chinese stocks up

Chinese stocks up

China stocks recouped early losses and ended higher on Wednesday, with a surge in resources stocks and start-up companies offsetting losses in banking shares amid signs of sustained investor enthusiasm. The CSI300 index of the largest listed companies in
Published 30 Apr, 2015 12:00am
European shares slide as euro's rebound hits German market

European shares slide as euro's rebound hits German market

European equities suffered one of their worst days so far this year on Wednesday, pulled down by weaker-than-expected corporate results, a euro rebound and disappointing US growth data. Lacklustre US data propelled the euro to an eight-week high against t
Published 30 Apr, 2015 12:00am
Sri Lankan shares at eight-week high

Sri Lankan shares at eight-week high

Sri Lankan shares edged up to their highest close in more than eight weeks on Wednesday, a day after the country's parliament overwhelmingly approved some diluted reforms, but concerns over political stability remained. The parliament passed the reforms o
Published 30 Apr, 2015 12:00am
Southeast Asian markets: Thai stocks fall; Indonesia extends losses

Southeast Asian markets: Thai stocks fall; Indonesia extends losses

Thai stocks hit a four-week low on Wednesday amid foreign-led selling after an unexpected interest rate cut, while stocks in Indonesia fell for a sixth successive session as weak corporate earnings dented the broader market sentiment. Bangkok's SET index
Published 30 Apr, 2015 12:00am
FTSE hits three-week low on poor US growth data, focus on Fed

FTSE hits three-week low on poor US growth data, focus on Fed

Britain's top share index slipped to a three-week low on Wednesday as a slowing US economy and caution before the end of a Federal Reserve policy meeting led some investors to take profits from recent highs. The US reported its economy grew in the first q
Published 30 Apr, 2015 12:00am
Yuan edges higher

Yuan edges higher

The yuan firmed on Wednesday amid signs of official support as the central bank set its daily guidance rate at a four-month high, and state-owned banks continued selling dollars, traders said. The People's Bank of China (PBOC) set the daly midpoint rate a
Published 30 Apr, 2015 12:00am
Dollar near two-month low in Asia

Dollar near two-month low in Asia

The dollar wallowed near a two-month low against a basket of major currencies on Wednesday as the market hedged the risk that the Federal Reserve might adopt a more dovish tone in statements following the two-day policy review. The dollar index last stood
Published 30 Apr, 2015 12:00am
Euro rises above $1.10 in Europe

Euro rises above $1.10 in Europe

The euro rose above $1.10 for the first time in three weeks on Wednesday, buoyed by data that showed a euro zone recovery was gathering pace and as investors cut long dollar bets ahead of US growth data and a Federal Reserve statement. In the European ses
Published 30 Apr, 2015 12:00am
Early trade in New York: Dollar crumbles, falls to nine-week low

Early trade in New York: Dollar crumbles, falls to nine-week low

The dollar dropped to a nine-week low on Wednesday after data showed the US economy grew much more slowly than expected in the first quarter, reinforcing expectations for a gradual pace of interest rate rises by the Federal Reserve. Benefiting from the do
Published 30 Apr, 2015 12:00am
Dollar slides to eight-week low in New York

Dollar slides to eight-week low in New York

The dollar dropped to an eight-week low on Tuesday after a weak US consumer confidence report, with investors cautious about a Federal Reserve meeting that could reinforce the view that interest rates in the world's largest economy might rise more gradual
Published 30 Apr, 2015 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 06.75-8.00 percent (* Previous 06.60-08.00 percent). (* revised).
Published 30 Apr, 2015 12:00am
Sri Lankan rupee forwards steady

Sri Lankan rupee forwards steady

Sri Lankan rupee forwards ended steady on Wednesday as the central bank's moral suasion kept the local currency flat despite importer dollar demand, while dealers expect the rupee to remain under pressure due to lower interest rates. Dealers said the cent
Published 30 Apr, 2015 12:00am
Asian forex Baht at six-week low

Asian forex Baht at six-week low

Thailand's baht hit a six-week low on Wednesday after the central bank unexpectedly cut its policy interest rate for a second month in a row, and said measures aimed at reducing the currency's strength would be unveiled imminently. Most emerging Asian cur
Published 30 Apr, 2015 12:00am
Egyptian pound steady

Egyptian pound steady

Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Wednesday while the currency weakened on the black market. The central bank has kept the official exchange rate steady for more than two months since letting
Published 30 Apr, 2015 12:00am
Sterling rises against dollar

Sterling rises against dollar

Sterling rose to a two-month high against the dollar on Wednesday, just days before a British election that has so far put little of the expected pressure on UK markets. Most polls show the Conservatives and the opposition Labour Party neck-and-neck befor
Published 30 Apr, 2015 12:00am
Aussie, New Zealand dollar near three-month peaks

Aussie, New Zealand dollar near three-month peaks

The Australian and New Zealand dollars hovered near three-month highs on Wednesday as rebounding iron ore prices and a shake out in bullish US positions ahead of a Federal Reserve policy meeting drove the Antipodeans higher. The Australian dollar held at
Published 30 Apr, 2015 12:00am
Federer blasts past Nieminen in Istanbul

Federer blasts past Nieminen in Istanbul

World number two Roger Federer on Wednesday eased past fellow 33-year old, the Finn Jarkko Nieminen, with a dominant display to reach the quarter finals of the Istanbul Open. Federer, showing flashes of brilliance mixed with occasional errors, closed out
Published 30 Apr, 2015 12:00am
Greeks assure UEFA of changes to sports bill

Greeks assure UEFA of changes to sports bill

UEFA Secretary General Gianni Infantino received assurances on Wednesday from the Greek government that changes will be made to a proposed sports law which will see the country avoid a suspension from international competition. "I think that the outcome o
Published 30 Apr, 2015 12:00am
Messi, Suarez, Neymar hit century mark in Barca rout

Messi, Suarez, Neymar hit century mark in Barca rout

Barcelona's star front three of Lionel Messi, Luis Suarez and Neymar brought up a century of goals in all competitions as the Catalans moved five points clear at the top of La Liga with a 6-0 humbling of Getafe on Tuesday. All three were on target inside
Published 30 Apr, 2015 12:00am
Bilawal Bhatti to replace injured Rahat

Bilawal Bhatti to replace injured Rahat

Allrounder Bilawal Bhatti will fill in for injured paceman Rahat Ali for the second Test on Pakistan's troubled tour of Bangladeshh, an official said Wednesday Pakistan Cricket Board (PCB) said Bhatti will fly from Sri Lanka to Bangladesh in time for the
Published 30 Apr, 2015 12:00am
New Zealand's Bracewell lands Ireland job

New Zealand's Bracewell lands Ireland job

New Zealand's John Bracewell has been appointed Ireland's new head coach, Cricket Ireland announced on Wednesday. The former Black Caps player and coach succeeds Phil Simmons, now in charge of the West Indies, and has signed a contract until 2017, subject
Published 30 Apr, 2015 12:00am
Dawson damages Liverpool's Europe dream

Dawson damages Liverpool's Europe dream

Michael Dawson, the Hull City captain, scored a goal that secured a 1-0 home win over Liverpool and had a significant impact on both ends of the Premier League table on Tuesday. This was Liverpool's game in hand over Manchester United and their failure to
Published 30 Apr, 2015 12:00am
Dortmund end Bayern's treble hopes

Dortmund end Bayern's treble hopes

Bayern Munich's hopes of winning the treble were ended Tuesday after losing 2-0 to Borussia Dortmund on penalties as their German Cup semi-final finished 1-1 after extra-time. Having been crowned German league champions on Sunday, Bayern missed all four o
Published 30 Apr, 2015 12:00am
Ex-Premier League striker jailed for fixing

Ex-Premier League striker jailed for fixing

A former Premier League footballer was jailed for two and a half years by a British court on Wednesday for conspiring to bribe players in a lower-league match-fixing scam. Delroy Facey, formerly a striker with Bolton Wanderers, West Bromwich Albion and Hu
Published 30 Apr, 2015 12:00am
Three former players jailed for match-fixing

Three former players jailed for match-fixing

Three former footballers were jailed by a Norwegian court on Thursday for between six and eight months over a match-fixing scam. Following a complaint from the Norwegian Football Federation, police investigated a series of major bets placed on two third d
Published 30 Apr, 2015 12:00am
Ton-up Hafeez leads Pakistan's strong reply

Ton-up Hafeez leads Pakistan's strong reply

Opener Mohammad Hafeez hit an unbeaten century as Pakistan reached 227 for one in reply to Bangladesh's 332 at stumps on the second day of the first Test in Khulna on Wednesday. The tourists finally enjoyed a successful day on an otherwise miserable tour,
Published 30 Apr, 2015 12:00am
CM will announce Punjab's first labour policy tomorrow

CM will announce Punjab's first labour policy tomorrow

Punjab Minister for Labour & HR Raja Ashfaq Sarwar has said that Chief Minister Punjab Muhammad Shahbaz Sharif will announce Punjab's first ever Labour Policy after the 18th Amendment as well as inaugurate the construction project of Labour Welfare Comple
Published 30 Apr, 2015 12:00am
Breast Clinic at Lady Aitcheson Hospital inaugurated

Breast Clinic at Lady Aitcheson Hospital inaugurated

Advisor to Chief Minister on Health Khawaja Salman Rafiq while inaugurating the Breast Clinic at Lady Aitchison Hospital here on Wednesday has said that Chief Minister Shahbaz Sharif has announced historic package of Rs 1.5 billion for the specialist doct
Published 30 Apr, 2015 12:00am
BoP announces highest-ever quarterly profit

BoP announces highest-ever quarterly profit

A meeting of the Board of Directors of The Bank of Punjab was held recently. During the meeting, un-audited Financial Statements of the Bank for the quarter ended March 31, 2015 were approved by the Board.
Published 30 Apr, 2015 12:00am
BoP announces highest-ever quarterly profit

BoP announces highest-ever quarterly profit

A meeting of the Board of Directors of The Bank of Punjab was held recently. During the meeting, un-audited Financial Statements of the Bank for the quarter ended March 31, 2015 were approved by the Board.
Published 30 Apr, 2015 12:00am
Dr Bakhsh's kidnapping: Doctors' strike continues in Balochistan

Dr Bakhsh's kidnapping: Doctors' strike continues in Balochistan

The doctors in Balochistan on Wednesday continued their three-hour long token strike in government hospitals of the province following the kidnapping of Health Department co-ordinator Dr Ameer Bakhsh. Earlier, the Pakistan Medical Association (PMA) had ca
Published 30 Apr, 2015 12:00am
President, Prime Minister seek report on murder of KU teacher

President, Prime Minister seek report on murder of KU teacher

President Mamnoon Hussain taking notice of the murder of Assistant Professor Waheed-ur-Rehman of Karachi University, also known as Yasir Rizvi, on Wednesday directed Chief Minister Sindh to submit the report on the heinous murder and immediately arrest th
Published 30 Apr, 2015 12:00am
Targeted killings in Karachi Imran concerned over increase

Targeted killings in Karachi Imran concerned over increase

Expressing concern over the sharp increase in targeted killings in Karachi recently, Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Wednesday called for implementing the national action plan (NAP) in letter and spirit to root out the scourge of ter
Published 30 Apr, 2015 12:00am
ANF recovers huge amount of drugs in five operations

ANF recovers huge amount of drugs in five operations

ANF in five country-wide operations against drug trafficking recovered 505 Kg Charas, 900 gram Ice (Amphetamine) and 70 Kg poppy nectar. Operations were conducted at Islamabad, Jhelum, Chaghi and Loralai. ANF also arrested six persons involved in drug smu
Published 30 Apr, 2015 12:00am
Economic prosperity Good governance, accountability vital: President

Economic prosperity Good governance, accountability vital: President

President Mamnoon Hussain on Wednesday said good governance was foremost for national prosperity and stressed raising awareness against corruption in the society. Addressing a dialogue to promote good governance for national development, the President sai
Published 30 Apr, 2015 12:00am
'Sugarcane crop has been sown over 1.69 million acres'

'Sugarcane crop has been sown over 1.69 million acres'

Sugarcane crop has been sown over an area of 1.690 million acres of land in the province of Punjab for the season 2014-15 with hopes to attain a production of 39.700 million tons. Punjab Agriculture Department (PAD) spokesman claiming this here on Wednesd
Published 30 Apr, 2015 12:00am
Hashoo Foundation holds Rotary book distribution ceremony

Hashoo Foundation holds Rotary book distribution ceremony

Hashoo Foundation, in collaboration with Rotary Books for the World Programme, held its Rotary Books distribution ceremony at Umeed-e-Noor in Islamabad on Wednesday. The focus of this event was to contribute in improving literacy efforts across Pakistan b
Published 30 Apr, 2015 12:00am
ERKF urged to release grants for SMEs

ERKF urged to release grants for SMEs

Special Assistant to KP CM on Commerce and Industry Abdul Momin Khan has urged the authorities of the Economic Revitalisation of Khyber Pakhtunkhwa and Fata (ERKF) for immediate release of the grants approved for the crisis-hit SMEs under the project. He
Published 30 Apr, 2015 12:00am
Ranger commits suicide

Ranger commits suicide

A Ranger personnel on Wednesday allegedly committed suicide by shooting himself with his own rifle at Bari Imam base camp in the limits of the secretariat police station. Police sources said that the Ranger identified as lance naik Khaliq has allegedly sh
Published 30 Apr, 2015 12:00am
PYMA concerned over decline in textile exports

PYMA concerned over decline in textile exports

Expressing grave concern over 16 percent slide in textile exports in March, Pakistan Yarn Merchants Association (PYMA) has demanded emergent measures to boost exports of the country.
Published 30 Apr, 2015 12:00am
The Weather

The Weather

The weather report on Wednesday (April 29, 2015) and the forecast for Thursday (April 30, 2015).

Published 30 Apr, 2015 12:00am
LHC disposes of Lakhvi's petition

LHC disposes of Lakhvi's petition

The Lahore High Court disposed of a petition of Jamat-ud-Dawa leader, Zakiur Rehman Lakhvi accused of mastermind of 2008 Mumbai attack, as he had already been freed. Lakhvi through his counsel submitted that the home department was not complying with the
Published 30 Apr, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (April 29, 2015).

Published 30 Apr, 2015 12:00am
SECP's rejoinder

SECP's rejoinder

This is with reference to Khalil Ahmed's article "The problem with capital markets" carried by Business Recorder on April 27, it is important to note that the segregation of client assets is a crucial prerequisite for investor protection and any la
Published 30 Apr, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (April 29, 2015).

Published 30 Apr, 2015 12:00am
Dutch saltwater potatoes offer hope for world's hungry

Dutch saltwater potatoes offer hope for world's hungry

A small field on an island off the Netherlands' northern coast promises one answer to the problem of how to feed the world's ever-growing population: potatoes and other crops that grow in saltwater. Every day, swathes of farmland somewhere in the world be
Published 30 Apr, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 30 Apr, 2015 12:00am
Governance of information security

Governance of information security

Information security relates to all aspects of information, that is, spoken, written, printed and electronic or any other medium, including the information handling which has been created, viewed, transported, stored or destroyed. Information security is
Published 30 Apr, 2015 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 30 Apr, 2015 12:00am
VIEW POINT: A nuclear-free world is possible

VIEW POINT: A nuclear-free world is possible

A month-long UN conference on Nuclear Non-Proliferation Treaty (NPT) opened on Monday for the treaty's 190 signatories to undertake quinquennial review of progress on nuclear threat reduction. The focus this time, for a change, is on the US' and Russian s
Published 30 Apr, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (April 29, 2015).

Published 30 Apr, 2015 12:00am
Tax survey

Tax survey

The National Assembly's Standing Committee on Finance and Revenue was informed by a team of Federal Board of Revenue (FBR) led by Member Finance Shahid Hassan Asad that a tax survey is planned after the lapse of 15 years. The last tax survey was carried o
Published 30 Apr, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (April 29, 2015)

Published 30 Apr, 2015 12:00am
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