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Print - 2015-08-08
Former top cop spins life on country's mean streets into novels

Former top cop spins life on country's mean streets into novels

Omar Hamid joined the police vowing revenge after a hitman executed his father. Having left the force 12 years later, the Taliban murdered his replacement - the man who had arrested his father's killer and become his best friend. The two gritty, electrify
Published 08 Aug, 2015 12:00am
FATA reforms: KP Governor reviews work

FATA reforms: KP Governor reviews work

While appreciating the dedicated work and endeavours of FATA Reforms Commission (FRC) as well as his team of key officers, the Khyber Pakhtunkhwa Governor, Sardar Mahtab Ahmad Khan has said the common man feels a clear direction and his sense of greater r
Published 08 Aug, 2015 12:00am
'Toy' bomb kills teenager in Azad Kashmir

'Toy' bomb kills teenager in Azad Kashmir

An explosive device resembling a toy has killed one teenager and wounded another in Azad Kashmir close to the border with India, police said Friday. The boys were herding cattle in Neelum Valley, near the Line of Control, the Line of Control on Thursday w
Published 08 Aug, 2015 12:00am
Mansehra incident: bodies of martyred shifted to Rawalpindi

Mansehra incident: bodies of martyred shifted to Rawalpindi

Rescue operation on the helicopter crash site has been completed and bodies of army officers have been shifted to Rawalpindi on Friday. At least twelve people including military doctors, paramedics and crew member lost their lives when the helicopter sudd
Published 08 Aug, 2015 12:00am
KP PA panel to carry out scrutiny of local, foreign NGOs

KP PA panel to carry out scrutiny of local, foreign NGOs

Khyber Pakhtunkhwa Assembly Friday referred the matter of the scrutiny of local and international non-governmental Organizations (NGOs) to a house committee and directed to submit within a period of one month in the house. The directives were issued on th
Published 08 Aug, 2015 12:00am
Ziaullah Afridi booked in another mining scam

Ziaullah Afridi booked in another mining scam

With the three-day physical custody of former minister for mines and minerals Ziaullah Afridi coming to an end on Friday, it seems he will not be a free man any sooner, as the Ehtesab Commission has booked the former minister in yet another mining scam.
Published 08 Aug, 2015 12:00am
No salary for contract DPCP employees

No salary for contract DPCP employees

The contract employees of Dengue Prevention and Control Program (DPCP) Sindh has not been paid their salaries for last four month and provincial health department could not able to get passed budget for the program to pay salaries to its employees, it was
Published 08 Aug, 2015 12:00am
KP IGP suspends SHO Sheringal

KP IGP suspends SHO Sheringal

The Inspector General of Police (IGP) Khyber Pakhtunkhwa Nasir Khan Durrani on the complaint of a citizen has suspended SHO Sheringal and ordered departmental inquiry against him. According to details a citizen of Dir Upper namely Javed Hassan presently p
Published 08 Aug, 2015 12:00am
Major Tufail Shaheed remembered

Major Tufail Shaheed remembered

Major Tufail Muhammed Shaheed, the second recipient of Nishan-e-Haider, the highest military award of Pakistan, was remembered on his day of martyrdom. Major Tufail was born in Hoshiarpur in 1914 and commissioned in the 16 Punjab regiment in 1943. After a
Published 08 Aug, 2015 12:00am
PPP-PML(N) 'Titanic' sinking: PTI

PPP-PML(N) 'Titanic' sinking: PTI

The Pakistan Tehreek-i-Insaf (PTI) in the Punjab is reported to have predicted the "the sinking" of their major opponents, the Pakistan Muslim League-N and the Pakistan People's Party (PPP), claiming that their political "Titanic" is sinking and the situa
Published 08 Aug, 2015 12:00am
Railways to surpass Rs 32 billion revenue target: minister

Railways to surpass Rs 32 billion revenue target: minister

The Federal Railways Minister has vowed that Pakistan Railways will surpass its revenue target of Rs 32 billion, assigned by the federal government to it for 2015-16, just as it achieved (Rs 28 billion target) for 2014-15 and earned up to Rs 31.92 billion
Published 08 Aug, 2015 12:00am
Flood-hit areas: Over 95,000 people treated so far

Flood-hit areas: Over 95,000 people treated so far

As many as 262 medical teams are serving in 107 union councils of seven flood hit districts Dera Ghazi Khan, Jhang, Layyah, Muzaffargarh, Mianwali, Rahim Yar Khan and Rajanpur and more than 95 thousand flood affectees have been provided treatment faciliti
Published 08 Aug, 2015 12:00am
Jail term upheld: LHC asks convict to pay Rs 1 million to minor

Jail term upheld: LHC asks convict to pay Rs 1 million to minor

The Lahore High Court upheld a 20-year jail term of a man convicted of raping an underage girl and ordered him to pay one million rupees to the baby girl born. The court, dismissing the appeal by the convict against his sentence, ruled, "the minor baby gi
Published 08 Aug, 2015 12:00am
Lahore-Istanbul direct flight to begin from August 15

Lahore-Istanbul direct flight to begin from August 15

Turkey would open its consulate in Lahore very soon to facilitate Pakistan's businessmen and Lahore to Istanbul direct flight would begin from August 15, on daily basis. This was revealed during a meeting held between the 12-member Turkish delegation and
Published 08 Aug, 2015 12:00am
Power generation capacity at Mangla to enhance to 1310 megawatts

Power generation capacity at Mangla to enhance to 1310 megawatts

Mangla Refurbishment Project, which is being implemented by the Pakistan Water and Power Development Authority, will increase the generation capacity of Mangla Hydel Power Station from 1,000 megawatts to 1,310 megawatts, Chairman Zafar Mahmood said in a v
Published 08 Aug, 2015 12:00am
'There is no dearth of talent in country'

'There is no dearth of talent in country'

'There is no dearth of talent in this country, all our youth needs is some direction, guidance and leadership,' said Zulfiqar Ali Ansari, Head of Marketing at EBM, announcing EBM's support for SOL's annual Young Leaders Conference.
Published 08 Aug, 2015 12:00am
Tevta initiating media training courses: chairperson

Tevta initiating media training courses: chairperson

Technical Education and Vocational Training Authority (Tevta) Chairperson Irfan Qaiser Shaikh said in a meeting on Friday that authority is starting media training short courses from this month. He said, "The media training short courses include cameraman
Published 08 Aug, 2015 12:00am
Tax filers: Ministry, FBR urged to look into deduction of WHT by banks

Tax filers: Ministry, FBR urged to look into deduction of WHT by banks

The Progressive Group in the Lahore Chamber of Commerce and Industry has urged the Finance Ministry and the Federal Board of Revenue to look into banks deducting 0.3 percent withholding tax from tax filers despite repeated orders by the government and the
Published 08 Aug, 2015 12:00am
NESPAK delegation visits UK to further augment operations

NESPAK delegation visits UK to further augment operations

A delegation from the National Engineering Services Pakistan (NESPAK) has visited to London to further augment its operations there. Company Managing Director Amjad Khan spearheaded the delegation. A company spokesman said on Friday the team during visit
Published 08 Aug, 2015 12:00am
Metro train: Wattoo urges Punjab government to abandon project
Cotton

Metro train: Wattoo urges Punjab government to abandon project

"The Punjab government should abandon the metro train project and spend Rs 165 billion on building dams in the province instead, to conserve water for bringing barren land under cultivation and also to save people from the flood devastations that have bec
Published 08 Aug, 2015 12:00am
Murder convict to be executed today

Murder convict to be executed today

A murder convict would be executed at new central jail Multan on Saturday, jail officials said on Friday. Convict Ghulam Shabbir had shot dead Zafar Iqbal in June 2000 in Jahanian over a dispute and an FIR was registered with Jahanian police station.
Published 08 Aug, 2015 12:00am
BISP an efficient way to reach out to poor: World Bank

BISP an efficient way to reach out to poor: World Bank

The most recent poverty assessment on Pakistan finds economic growth as the main determinant of poverty reduction and improved shared prosperity. Despite falling and increasingly volatile but positive per capita growth, poverty declined over the last deca
Published 08 Aug, 2015 12:00am
Hardworking officers will be encouraged: CS Punjab

Hardworking officers will be encouraged: CS Punjab

Chief Secretary Punjab Khizar Hayat Gondal has said that competent, honest and hardworking officers and officials will be fully encouraged. He was talking to a delegation of newly-elected office bearers of PMS Officers Association, which called on him her
Published 08 Aug, 2015 12:00am
Pakistan offers PTA to Belarus

Pakistan offers PTA to Belarus

Pakistan has offered a Preferential Trade Agreement (PTA) to Belarus to facilitate trade between the two countries. Belarusian side agreed to the proposal and talks for the early conclusion of the PTA will start soon. A senior official told Business Re
Published 08 Aug, 2015 12:00am
Ban on transfers, postings in LG department

Ban on transfers, postings in LG department

Minister for Local Bodies Sindh Nasir Hussain Shah on Friday imposed a ban on transfer and posting in his department. Nasir Hussain Shah issued directives to stop new postings and transfer immediately. He also directed to LB Secretary to return all office
Published 08 Aug, 2015 12:00am
KMC misses streetlight installation target

KMC misses streetlight installation target

Karachi Metropolitan Corporation's claim of making Karachi a city of lights once again is delayed due to recent monsoon weather, said KMC's spokesman on Friday. Taking to PPI, he said, on the special directives of KMC's Administrator Shoaib Ahmed Siddiqui
Published 08 Aug, 2015 12:00am
SHC re-orders removal of encroachments from drains

SHC re-orders removal of encroachments from drains

The Sindh High Court (SHC) on Friday once again ordered Karachi Metropolitan Corporation (KMC) to remove encroachments from rainwater drains within 15 days. A SHC bench headed by Justice Irfan Saadat Khan gave the direction of removing encroachments from
Published 08 Aug, 2015 12:00am
FFC fails to finalise NFPP-IV to cope with calamities

FFC fails to finalise NFPP-IV to cope with calamities

Federal Flood Commission (FFC) has not yet finalized a 10-year National Flood Protection Plan (NFPP-IV), designed to cope with natural calamities. Large scale destruction in the 2010 floods fuelled the need for investment in combating floods and FFC, acco
Published 08 Aug, 2015 12:00am
Looting, portraying as cops Tarnol police arrest four culprits

Looting, portraying as cops Tarnol police arrest four culprits

Islamabad Tarnol Police has arrested four persons involved in depriving people from their valuables after portraying themselves as cops, a police spokesman said. He said Jehanzeb Tariq submitted an application with Tarnol Police Station on August 1 that w
Published 08 Aug, 2015 12:00am
NAB KP arrests former EDO for illegal recruitments

NAB KP arrests former EDO for illegal recruitments

National Accountability Bureau (NAB) Khyber Pakhtunkhwa Friday arrested former Executive District Officer (Education), Lakki Marwat, Noor Hassan for alleged involvement in corruption, corrupt practices and misuse of authority in illegal appointment of tea
Published 08 Aug, 2015 12:00am
China approves nearly 50 million tonnes of new coal capacity in 2015

China approves nearly 50 million tonnes of new coal capacity in 2015

China has approved nearly 50 million tonnes of new annual coal mining capacity this year even though the sector is struggling with a supply glut, a move that will effectively offset the planned closure of hundreds of smaller pits. According to approval do
Published 08 Aug, 2015 12:00am
The Weather

The Weather

The weather report on Friday (August 07, 2015) and the forecast for Saturday (August 08, 2015).

Published 08 Aug, 2015 12:00am
Copper sinks to six-year low; zinc at lowest in two years
Currency

Copper sinks to six-year low; zinc at lowest in two years

Copper hit a six-year low on Friday and zinc touched its weakest in two years, as a stronger dollar and gloomy sentiment about global growth and oversupply continued to weigh on the market. The dollar index jumped to the highest level in over three months
Published 08 Aug, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (August 07, 2015).

Published 08 Aug, 2015 12:00am
Oil down, heads for sixth weekly loss on gasoline glut

Oil down, heads for sixth weekly loss on gasoline glut

Crude oil dipped on Friday, plumbing multi-month lows and heading for a sixth straight week of losses, as the approaching end of the US summer driving season suggested a growing surplus in gasoline supply. The dollar's rise to a 3-1/2-month high against a
Published 08 Aug, 2015 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 08 Aug, 2015 12:00am
Tokyo rubber books near five percent weekly drop

Tokyo rubber books near five percent weekly drop

Benchmark Tokyo rubber futures dropped on Friday, ending the week down nearly 5 percent in their third weekly decline, as investors unwound long positions ahead of the US jobs data and weighed down by worries about China's demand. The Tokyo Commodity Exch
Published 08 Aug, 2015 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 08 Aug, 2015 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on 4th August 2015.

Published 08 Aug, 2015 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on 4th August 2015.

Published 08 Aug, 2015 12:00am
India's rice bran oil exports to surge

India's rice bran oil exports to surge

India's rice bran oil exports could surge to 10,000 tonnes this fiscal year ending March 2016 from about 2,000 tonnes last year after the government allowed bulk sale instead of just consumer packs, an industry official told Reuters. Rice bran oil is cons
Published 08 Aug, 2015 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on 4th August 2015.

Published 08 Aug, 2015 12:00am
Soybeans fall on profit-taking

Soybeans fall on profit-taking

Chicago Board of Trade soybean futures fell on Thursday on disappointing US export sales data and technical selling, including profit-taking a day after the November contract hit a one-week high, traders said. Additional pressure from mostly favorable wea
Published 08 Aug, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (August 07, 2015).

Published 08 Aug, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (August 07, 2015)

Published 08 Aug, 2015 12:00am
Raw sugar bounces from near lows, coffee rises
Currency

Raw sugar bounces from near lows, coffee rises

Raw sugar futures bounced higher on Friday from near this week's 6-1/2-year low, while coffee futures rose in technically driven dealings. New York cocoa fell, pressured by a strengthening dollar, against a background of concerns over the potential impact
Published 08 Aug, 2015 12:00am
Gold down for seventh week in Asian trade

Gold down for seventh week in Asian trade

Gold steadied near a 5-1/2-year low on Friday and was on track to show a loss for the seventh week in a row, its longest such slump since 1999, ahead of US data that may determine how soon the Federal Reserve raises interest rates. A strong jobs number wo
Published 08 Aug, 2015 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (August 07, 2015).

Published 08 Aug, 2015 12:00am
Gold up after US data, faces longest weekly losing run since 1999

Gold up after US data, faces longest weekly losing run since 1999

Gold steadied on Friday as investors assessed US non-farm payrolls data that could open the door to a Federal Reserve interest rate hike in September, but was still on course for a weekly fall. Nonfarm payrolls increased 215,000 last month as a pickup in
Published 08 Aug, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (August 07, 2015).

Published 08 Aug, 2015 12:00am
European Soymeal slides on strong dollar, good weather
Currency

European Soymeal slides on strong dollar, good weather

European soymeal prices were lower on Friday, under pressure from a strong dollar and forecasts for good weather in the United States. Prices for South American soymeal were cut by up to $6 per tonne, with Brazilian high protein stocks for August shipment
Published 08 Aug, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (August 07, 2015).

Published 08 Aug, 2015 12:00am
US MIDDAY: soybeans rally

US MIDDAY: soybeans rally

US soybean futures jumped nearly 2 percent on Friday and were on track for their first weekly gain in five weeks, helped by signs of improving export demand and expectations that the US government will trim its harvest forecast in a monthly crop report ne
Published 08 Aug, 2015 12:00am
ICE cotton falls for 5th day, hits lowest in over seven months
Cotton

ICE cotton falls for 5th day, hits lowest in over seven months

ICE cotton futures fell for a fifth straight session on Friday, hitting their lowest levels in more than seven months on concerns about weak demand ahead of a US government supply and demand report expected next week. "It's been as much about demand as an
Published 08 Aug, 2015 12:00am
Brazil exports 2.50 million bags green coffee in July

Brazil exports 2.50 million bags green coffee in July

Brazil exported 2.50 million 60-kg bags of green coffee in July down from 2.70 million a year ago and up from June shipments of 2.34 million bags, the coffee exporters association Cecafe said on Friday. Arabicas made up the bulk of the exports at 2.09 mil
Published 08 Aug, 2015 12:00am
THE RUPEE: marginal change
Currency

THE RUPEE: marginal change

The rupee moved cautiously against the dollar on the money market on Friday in the process of trading, dealers said. The rupee shed two-paisa in terms of the dollar for buying and selling at Rs 101.81 and Rs 101.82 respectively, they said.
Published 08 Aug, 2015 12:00am
A dictatorial style?

A dictatorial style?

The growing bickering within Pakistan Tehrik-e-Insaf took an uglier turn with the suspension of basic party membership of former Supreme Court judge and Chief Justice of Sindh High Court Wajihuddin Ahmed. According to media reports, Chairman Imran Khan on
Published 08 Aug, 2015 12:00am
THE RUPEE: marginal change
Currency

THE RUPEE: marginal change

The rupee moved cautiously against the dollar on the money market on Friday in the process of trading, dealers said. The rupee shed two-paisa in terms of the dollar for buying and selling at Rs 101.81 and Rs 101.82 respectively, they said.
Published 08 Aug, 2015 12:00am
Merkel returns from vacation to face an in-tray full of worries

Merkel returns from vacation to face an in-tray full of worries

German Chancellor Angela Merkel is back at her desk next week after her summer holiday to find an in-tray filled with tough political issues - from refugees and immigration to the Greek crisis and criticism of her government's removal of its top legal adv
Published 08 Aug, 2015 12:00am
Erdogan aims at Islamic State, but Kurds think PKK the real target

Erdogan aims at Islamic State, but Kurds think PKK the real target

Turkey has declared war on the extremist militia Islamic State, but many Kurds see the move as a smoke-and-mirrors attempt to eliminate the Kurdish PKK and keep Erdogan in power in Ankara. Diyarbakir (dpa) - Just two months ago, Kurds took to the streets
Published 08 Aug, 2015 12:00am
The sadists in economy

The sadists in economy

Budget making is not an yearly function as the budget proposals keep on rolling dependent as it is on the spending habits of the moghuls. That all political parties have this moghulian tendencies only goes to prove that we have changed the name but still
Published 08 Aug, 2015 12:00am
Delays in new airport Project

Delays in new airport Project

A senior official of the Civil Aviation Authority informed the Senate Standing Committee on Cabinet Secretariat that work is still ongoing on the new airport at Islamabad even five years after the 2010 scheduled completion date. The project was initiated
Published 08 Aug, 2015 12:00am
Traders' protest

Traders' protest

That traders and transporters strike against the levy of 0.6 percent withholding tax on all bank transactions is a development that has been widely seen as routine muscle flexing by a powerful pressure group in the face of an attempt by the government to
Published 08 Aug, 2015 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (August 07, 2015).

Published 08 Aug, 2015 12:00am
Promotion of bureaucrats: IHC seeks response from petitioners

Promotion of bureaucrats: IHC seeks response from petitioners

Islamabad High Court (IHC) on Friday sought a response from 64 petitioners on a petition filed by the federal government seeking suspension of the order against promotions of over 300 bureaucrats in grade 20 and 21. The IHC Justice Shaukat Aziz Siddiqui o
Published 08 Aug, 2015 12:00am
Promotion of bureaucrats: IHC seeks response from petitioners

Promotion of bureaucrats: IHC seeks response from petitioners

Islamabad High Court (IHC) on Friday sought a response from 64 petitioners on a petition filed by the federal government seeking suspension of the order against promotions of over 300 bureaucrats in grade 20 and 21. The IHC Justice Shaukat Aziz Siddiqui o
Published 08 Aug, 2015 12:00am
Low budgetary allocation for FIA: SC seeks report from ministry

Low budgetary allocation for FIA: SC seeks report from ministry

The Supreme Court on Friday sought report from federal Interior Secretary on less than needed budgetary allocation for Federal Investigation Agency (FIA) that, according to the Agency officials, has adversely affected investigation/prosecution.
Published 08 Aug, 2015 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Aug, 2015 12:00am
Low budgetary allocation for FIA: SC seeks report from ministry

Low budgetary allocation for FIA: SC seeks report from ministry

The Supreme Court on Friday sought report from federal Interior Secretary on less than needed budgetary allocation for Federal Investigation Agency (FIA) that, according to the Agency officials, has adversely affected investigation/prosecution.
Published 08 Aug, 2015 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 08 Aug, 2015 12:00am
British lord charged with child abuse ordered to court

British lord charged with child abuse ordered to court

Senior British politician Lord Greville Janner must appear in court in person to face a string of child sex abuse charges despite suffering from severe dementia, a magistrate ruled Friday. Janner, 87, did not appear at Westminster Magistrates' Court in Lo
Published 08 Aug, 2015 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 08 Aug, 2015 12:00am
British lord charged with child abuse ordered to court

British lord charged with child abuse ordered to court

Senior British politician Lord Greville Janner must appear in court in person to face a string of child sex abuse charges despite suffering from severe dementia, a magistrate ruled Friday. Janner, 87, did not appear at Westminster Magistrates' Court in Lo
Published 08 Aug, 2015 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 08 Aug, 2015 12:00am
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