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Print - 2015-10-03
Ferrer, Lopez win Malaysian Open quarterfinals

Ferrer, Lopez win Malaysian Open quarterfinals

Top seed David Ferrer from Spain advanced to the semi finals of the Malaysian Open in Kuala Lumpur on Friday after defeating Kazakhstan's Mikhail Kukushkin in straight sets. The world number 8 showed off his powerful groundstrokes, winning the match 6-3,
Published 03 Oct, 2015 12:00am
Aamir shows form with seven wickets in a domestic match

Aamir shows form with seven wickets in a domestic match

Returning paceman Mohammad Aamir took seven wickets in an innings of a domestic match in Multan on Friday, saying he is overjoyed with his progress after being relieved of a spot-fixing ban. The 23-year left-arm paceman is playing domestic matches as part
Published 03 Oct, 2015 12:00am
El Shaarawy nets late leveller for Monaco

El Shaarawy nets late leveller for Monaco

Stephan El Shaarawy took a small step towards refuelling his career at Monaco when the AC Milan loanee came off the bench to rescue a late 1-1 draw against Tottenham Hotspur in the Europa League's second round of group matches on Thursday. Italian El Shaa
Published 03 Oct, 2015 12:00am
Inzamam appointed Afghanistan coach

Inzamam appointed Afghanistan coach

Former Pakistan captain Inzamam-ul-Haq was Friday appointed temporary Afghanistan cricket coach for their upcoming Zimbabwe tour, saying he was thrilled to be taking on a team whose rise has been the game's Cinderella story. Inzamam accepted a 25-day role
Published 03 Oct, 2015 12:00am
Cook, Bayliss ready for Pakistan challenge

Cook, Bayliss ready for Pakistan challenge

England captain Alastair Cook and coach Trevor Bayliss were confident Friday that their squad, fresh from their Ashes triumph, was ready to face Pakistan in a three-match Test series starting later this month. Cook's men face not only an unabated charge f
Published 03 Oct, 2015 12:00am
Misbah mulls retirement after England series

Misbah mulls retirement after England series

Pakistan Test captain Misbah-ul-Haq said on Friday he was mulling retirement after the upcoming Pakistan-England series, saying he hoped to leave the game on a high. The 41-year-old said the series against England "could be my last". "I haven't taken a fi
Published 03 Oct, 2015 12:00am
Freed Burkina Faso president says thank you at UN

Freed Burkina Faso president says thank you at UN

Taking the podium at the United Nations just weeks after a failed coup, Burkina Faso's president expressed gratitude Friday for international support and promised elections. Michel Kafando and members of his interim government were jailed by the coup lead
Published 03 Oct, 2015 12:00am
Yemen loyalists say they now control all of key strait

Yemen loyalists say they now control all of key strait

Government forces in Yemen now control the key Bab al-Mandab Strait through which much of the world's maritime traffic passes after retaking it from Shia rebels, a general said Friday. "The Bab al-Mandab Strait is now under the total control of our troops
Published 03 Oct, 2015 12:00am
Spain jails 11 for sending suicide bombers to Syria

Spain jails 11 for sending suicide bombers to Syria

Spanish judges on Friday jailed 11 jihadists for membership in a gang linked to Islamic State extremists that recruited fighters for suicide bombings in Syria. The men were all handed sentences of between 10 and 12 years after the judges found them guilty
Published 03 Oct, 2015 12:00am
Tunisia lifts state of emergency imposed after tourist massacre

Tunisia lifts state of emergency imposed after tourist massacre

A state of emergency imposed in Tunisia after a jihadist gunman massacred 38 foreign tourists in June is set to be lifted, the president's office announced Friday. "The state of emergency announced on July 4 and extended on July 31 ends today, October 2,"
Published 03 Oct, 2015 12:00am
Thousands of Iraqis demonstrate for reforms

Thousands of Iraqis demonstrate for reforms

Thousands of Iraqis demonstrated in Baghdad and several other cities Friday, urging the government to deliver on its promised reform package aimed at tackling corruption and improving services. Iraqis have been staging weekly protests since July. The move
Published 03 Oct, 2015 12:00am
Austrian climber dies in Nepal's Himalayas

Austrian climber dies in Nepal's Himalayas

A 51-year-old Austrian climber has died on an expedition to summit Nepal's Manaslu peak, the world's eighth-highest mountain, an official said Friday. The climber, part of a team of 14, was descending after a successful summit of the 8,156-metre (26,759-f
Published 03 Oct, 2015 12:00am
India vows ambitious green targets but defends coal use

India vows ambitious green targets but defends coal use

India set out a series of ambitious environmental targets Friday including reducing its carbon intensity by 35 percent by 2030, but rejected calls to curb coal use, saying developed countries were mostly to blame for climate change. In an action plan subm
Published 03 Oct, 2015 12:00am
Volkswagen opens webpage for clients tocheck on pollution scam

Volkswagen opens webpage for clients tocheck on pollution scam

Scandal-hit Volkswagen on Friday opened a webpage for customers to check if their diesel vehicle is fitted with a device aimed at cheating pollution tests. The company added that it would inform the authorities about technical solutions and measures to fi
Published 03 Oct, 2015 12:00am
France joins probes world-wide into Volkswagen scandal

France joins probes world-wide into Volkswagen scandal

Adding to a raft of investigations world-wide, Paris prosecutors have launched a preliminary investigation into possible fraud over the pollution-cheating software installed in diesel engines by German auto giant Volkswagen, a judicial source said Friday.
Published 03 Oct, 2015 12:00am
Brazilian president announces major government reshuffle

Brazilian president announces major government reshuffle

Brazilian President Dilma Rousseff announced a major government reshuffle Friday, axing eight ministries in a cost-cutting measure that also aims to end political paralysis and threats of impeachment. At a time of recession, a massive corruption scandal a
Published 03 Oct, 2015 12:00am
Colombia confirms death of drug kingpin 'Megateo'

Colombia confirms death of drug kingpin 'Megateo'

A wanted Colombian drug lord who had a $5-million price on his head from the United States has been killed in a military operation, authorities said Friday. Victor "Megateo" Navarro, a former guerrilla fighter accused of running a cocaine supply route alo
Published 03 Oct, 2015 12:00am
Turkish forces kill over 10 Kurdish militants

Turkish forces kill over 10 Kurdish militants

Turkish security forces killed more than 10 suspected Kurdish militants amid intensifying clashes in the country's south-east, while 44 people were arrested in Istanbul on suspicion of links with the rebels, officials and media reports said. The exact dea
Published 03 Oct, 2015 12:00am
Jordan MP's son carried out Iraq suicide attack

Jordan MP's son carried out Iraq suicide attack

A Jordanian parliamentarian's son died carrying out a suicide attack claimed by the Islamic State militant group in Iraq this week, Jordanian media said Friday. Independent legislator Mazen al-Dhalaein was quoted as telling the Khaberni website that his s
Published 03 Oct, 2015 12:00am
ANP concerned at capture of Kunduz by Taliban

ANP concerned at capture of Kunduz by Taliban

ANP President, Asfandyar Wali Khan has termed the capture of Kunduz province by Afghan Taliban as a matter of high concern and urged on Pakistan and Afghanistan for making concerted efforts against the threat with consultation. Addressing a political cere
Published 03 Oct, 2015 12:00am
MWM, JUP-N to support PTI in NA-122 elections

MWM, JUP-N to support PTI in NA-122 elections

Majalis Wahadtul Muslimeen (MWM) and Jamiat Ulmae Pakistan-Niazi (JUP-N) announced on Friday to support Pakistan Tehreek-e-Insaf in upcoming by-polls in Lahore. Moreover, PTI also formally requested Jamat-e-Islami to side by it in these crucial elections.
Published 03 Oct, 2015 12:00am
Pakistan's stance on Kashmir issue at UNGA hailed

Pakistan's stance on Kashmir issue at UNGA hailed

Kashmir Council EU Chairman Ali Raza Syed hailed Pakistan's stance on issue of Kashmir at United Nations General Assembly specially demilitarisation of Kashmir region. In a statement while appreciating the position taken by Pakistan Prime Minister Mohamma
Published 03 Oct, 2015 12:00am
Rights activists condemn execution

Rights activists condemn execution

Rights activists condemned the execution of a convicted murderer who campaigners say was a juvenile when the crime was committed. Ansar Iqbal was accused of the killing after a quarrel when he was a student in 1994. He was executed on Tuesday. But Namra G
Published 03 Oct, 2015 12:00am
Zia-Ul-Islam Zuberi retires from Siemens

Zia-Ul-Islam Zuberi retires from Siemens

One of the best known public relation professionals of the country Zia-Ul-Islam Zuberi former Director Communications and Government affairs Siemens Pakistan retired from Siemens after 20 years of service. He is also known internationally by virtue of his
Published 03 Oct, 2015 12:00am
Pakistan asks India to withdraw troops from occupied Kashmir

Pakistan asks India to withdraw troops from occupied Kashmir

Pakistan hit back strongly at India on Thursday, after External Affairs Minister Sushma Swaraj called Jammu and Kashmir an "Indian State" and went on to accuse Islamabad of abetting terrorism. "India's attempts to deny its illegal occupation of Jammu and
Published 03 Oct, 2015 12:00am
LHC directs govt to revive EPC in two months

LHC directs govt to revive EPC in two months

The Lahore High Court ridding of a petition has told the government to revive the Environment Protection Council in two months. Lahore High Court Bar Association Secretary Ahmed Qayyum has said in his petition that because of the absence of the council th
Published 03 Oct, 2015 12:00am
WHT on bank transactions: APAT threatens to go on indefinite strike

WHT on bank transactions: APAT threatens to go on indefinite strike

President All Pakistan Anjuman-e-Tajiran Khalid Pervez announced on Friday that traders will announce a shutter down strike for the unlimited period if government will not announce to reverse the decision of imposition of 0.6 percent with holding tax on b
Published 03 Oct, 2015 12:00am
Investors show support to start-up businesses at LUMS

Investors show support to start-up businesses at LUMS

Lahore University of Management Sciences Center For Entrepreneurship combined annualised revenues of the start-ups based on latest figures is approaching over $1 million. These start-ups have also risen over $1 million in investment from local and foreign
Published 03 Oct, 2015 12:00am
RTO Peshawar recovers Rs 1,093 million from PESCO

RTO Peshawar recovers Rs 1,093 million from PESCO

Regional Tax Office (RTO) Peshawar has attached the bank accounts of Peshawar Electricity Supply Company (PESCO) and recovered Rs 1093 million from its bank accounts. In the meanwhile, RTO, Peshawar has achieved its monthly target of Rs 5.473 billion as w
Published 03 Oct, 2015 12:00am
SC stays execution by military court

SC stays execution by military court

The Supreme Court Monday stayed a military court execution till final decision of an appellant forum for adjudication in the matter. Appearing before a two-judge bench of Justice Ejaz Afzal in the case, Khalid Ranjha, counsel for Sabir Shah said that mili
Published 03 Oct, 2015 12:00am
15-member Belgian trade team due on October 5

15-member Belgian trade team due on October 5

The Economic and Commercial Representation, Embassy of Belgium in Pakistan is pleased to announce the arrival of a 15-member trade delegation comprising 12 leading Belgian companies from the Flanders Region and from the Walloon Region of Belgium. The trad
Published 03 Oct, 2015 12:00am
ECP to build own storage centres at districts level

ECP to build own storage centres at districts level

Election Commission of Pakistan has decided to build its own special storage centres at district and divisional level to keep election material and records safe from tampering, manipulation and theft. A senior official of the commission told Business R
Published 03 Oct, 2015 12:00am
Food department fixes wheat prices

Food department fixes wheat prices

The Sindh Food Department has notified that with the approval of Chief Minister Sindh, the price of government wheat (all crops) for release to floor mills, chakkies and traders is fixed with immediate effect and shall remain in vogue till October 31, 201
Published 03 Oct, 2015 12:00am
NBP wins FPCCI Achievement Award

NBP wins FPCCI Achievement Award

National Bank of Pakistan has won FPCCI 3rd Achievement Award for the third consecutive year. NBP has been awarded gold medal for its "Banking, leasing, financial services & capital markets" by The Federation of Pakistan Chambers of Commerce and Industry
Published 03 Oct, 2015 12:00am
Waheed Ahmed elected Chairman PFVA

Waheed Ahmed elected Chairman PFVA

Keeping in view the untiring efforts in enhancing horticultural exports, members of Pakistan Fruits and Vegetable Exporters, Importers and Merchant Association (PFVA) have unanimously elected Waheed Ahmed as new chairman of PFVA for 2015-2016. In addition
Published 03 Oct, 2015 12:00am
CoAS urged to follow in the footsteps of Kakar

CoAS urged to follow in the footsteps of Kakar

Chief of Army Staff General Raheel Sharif should not seek an extension from government on the completion of his service in November next year, said ex-servicemen here on Friday. Rather, Lieutenant General (Retd) Ali Kuli Khan, President Pakistan Ex-Servic
Published 03 Oct, 2015 12:00am
Three indicted in murder case of prison official

Three indicted in murder case of prison official

An antiterrorism court (ATC) on Friday indicted three accused in murder case of Amanullah Khan Niazi, former deputy superintendent of Karachi Central Prison. The accused - Ubaid alias K-2, Chaudhry Sajjad and Tanvir Chand - were taken into custody during
Published 03 Oct, 2015 12:00am
Anti-polio workers' safety: TAG chief appreciates measures

Anti-polio workers' safety: TAG chief appreciates measures

Chairman Technical Advisory Group (TAG) Jean Marc Separe called on Chief Secretary Khyber Pakhtunkhwa Amjad Ali Khan and Additional Chief Secretary FATA Muhammad Aslam Kambo and appreciated the measures taken by the government for ensuring safe and conduc
Published 03 Oct, 2015 12:00am
Terrorism incidents in KP decline 56 percent on NAP

Terrorism incidents in KP decline 56 percent on NAP

Due to effective implementation of National Action Plan (NAP) in Khyber Pakhtunkhwa, the incidents of terrorism have declined by 56 percent during last one year. This was disclosed during provincial cabinet meeting on law and order, chaired by Khyber Pakh
Published 03 Oct, 2015 12:00am
Government plans to borrow Rs 1.25 trillion in 2QFY16

Government plans to borrow Rs 1.25 trillion in 2QFY16

The federal government has planned to borrow Rs 1.125 trillion from banking sector through auction of short term and long term investment bonds during the second quarter (October-December) of current fiscal year 2015-16 (FY16). Analysts said that as a par
Published 03 Oct, 2015 12:00am
Government plans to borrow Rs 1.25 trillion in 2QFY16

Government plans to borrow Rs 1.25 trillion in 2QFY16

The federal government has planned to borrow Rs 1.125 trillion from banking sector through auction of short term and long term investment bonds during the second quarter (October-December) of current fiscal year 2015-16 (FY16). Analysts said that as a par
Published 03 Oct, 2015 12:00am
ANF seizes 850.5kg of drugs in countrywide operations

ANF seizes 850.5kg of drugs in countrywide operations

Anti Narcotics Force (ANF) during three operations in different parts of the country foiled several attempts of smuggling drugs and seized 850.5kg drugs valuing Rs 30.46 billion in the international market. A senior official of ANF said that the drug reco
Published 03 Oct, 2015 12:00am
Protest by Hindu community enters 8th day

Protest by Hindu community enters 8th day

The protest by lower caste Hindu community entered 8th day on Friday. The protest is being held against a Sindh minister, who is accused of threatening and putting pressure on the community candidates to withdraw from contesting local bodies' elections. B
Published 03 Oct, 2015 12:00am
Heatwaves scorch Sindh

Heatwaves scorch Sindh

Heatwaves on Friday scorched Sindh's all districts with maximum 41 degrees Celsius as Met office projected the mercury rise would continue in the next 24 hours. The weather index shows the temperature rise struck nine districts across Sindh with maximum 4
Published 03 Oct, 2015 12:00am
Engro celebrates 50 years since inception

Engro celebrates 50 years since inception

In a grand event organised by Engro, the company celebrated fifty years since its inception in 1965. Khalid Siraj Subhani CEO & President Engro Corporation, while addressing the media, said that what started as a single product company has now diversified
Published 03 Oct, 2015 12:00am
12 suffer heatstroke in Karachi

12 suffer heatstroke in Karachi

Twelve more people suffered heatstroke as the searing heat continued to persist in the city on the third consecutive day on Friday. The city's maximum temperature which remained 41 degrees Celsius on Friday forced most of the citizens to stay indoors. The
Published 03 Oct, 2015 12:00am
KP PA demands withdrawal of airport tax on expatriates

KP PA demands withdrawal of airport tax on expatriates

The provincial assembly of Khyber Pakhtunkhwa has unanimously demanded of the federal government for withdrawal of airport tax on expatriate Pakistanis with immediate effect. The resolution presented Sikandar Khan Sherpao, parliamentary leader of Qaumi Wa
Published 03 Oct, 2015 12:00am
Clio Awards: Samsung Electronics wins eight prizes

Clio Awards: Samsung Electronics wins eight prizes

Samsung Electronics Co Ltd has won eight prizes (two gold, four silver, and two bronze) at the Clio Awards, one of the three major international advertising events, alongside the Cannes Lions and New York Festival. Samsung's Safety Truck was first impleme
Published 03 Oct, 2015 12:00am
SKBZ College organises All Pakistan Bilingual Declamation Contest

SKBZ College organises All Pakistan Bilingual Declamation Contest

Defence Authority Sheikh Khalifa Bin Zayed (SKBZ) College organised an All Pakistan Bilingual Declamation Contest here on Friday. Director Education DHA Brigadier Sardar Muhammad (Retd) was the chief guest of the function. Students from 24 elite education
Published 03 Oct, 2015 12:00am
Q1 revenue exceeds Rs 600 billion mark: FBR

Q1 revenue exceeds Rs 600 billion mark: FBR

The Federal Board of Revenue (FBR) has made record net collection of over and above Rs 600 billion during July-September (2015-16) despite strikes by traders against withholding tax on bank instruments of non-filers and Eid holidays. According to an annou
Published 03 Oct, 2015 12:00am
Hamza accuses PTI of creating anarchy

Hamza accuses PTI of creating anarchy

The ruling party central leader and a Member of the National Assembly, Hamza Shehbaz, has promised the country's development, claiming that October 11 "will be the day of the end of politics of lies.' In a speech to a gathering in connection with the NA-1
Published 03 Oct, 2015 12:00am
Enhancing export volume: special attention to be focused: Mansoor

Enhancing export volume: special attention to be focused: Mansoor

The newly-elected President Sialkot Chamber of Commerce and Industry (SCCI) Major Mansoor Ahmed (Retd) has said that special attention would be focused on enhancing export volume for cementing the national economy through export. In an interview with B
Published 03 Oct, 2015 12:00am
Three bodies found

Three bodies found

At least three dead bodies and an injured child found in a house of Sanghar's neighbourhood Baba Berrywala, here on Friday. According to local police, three dead bodies, two men and a woman were found in a house of Sanghar's neighbourhood. An injured girl
Published 03 Oct, 2015 12:00am
Anti-corruption team raids CHK, seizes drug purchase record

Anti-corruption team raids CHK, seizes drug purchase record

An Anti-Corruption team on Friday raided Civil Hospital Karachi's (CHK) administration block and seized five-year record of medicines purchase. Source at CHK informed that Anti- Corruption team conducted a raid in the hospital and seized the five years' r
Published 03 Oct, 2015 12:00am
NCA gives away certificates to PSDF-funded trainees

NCA gives away certificates to PSDF-funded trainees

The National College of Arts (NCA) organised a certificate distribution ceremony for trainees, funded by Punjab Skills Development Fund, at Shakir Ali Auditorium, National College of Arts. The chief guest of the ceremony was Punjab Minister for Labour and
Published 03 Oct, 2015 12:00am
2015-16: PAD sets sales target of veggie seeds

2015-16: PAD sets sales target of veggie seeds

Punjab Agriculture Department (PAD) has fixed a target of selling 100,000 packets of vegetable seeds at a rate of Rs 50 per pack in 2015-16. PAD established 325 sale points in all the districts to sell packets of eight different vegetables' seeds to promo
Published 03 Oct, 2015 12:00am
PEEF amount increased to Rs four billion

PEEF amount increased to Rs four billion

Punjab Chief Minister Shahbaz Sharif has announced to enhance annual amount of Punjab Educational Endowment Fund (PEEF) from Rs 2 billion to Rs 4 billion and said that educational scholarships will be given to 200,000 deserving talented students during ne
Published 03 Oct, 2015 12:00am
Two bullet-riddled bodies recovered in Turbat

Two bullet-riddled bodies recovered in Turbat

Bullet riddled bodies of two abducted persons were recovered here on Friday. Levies sources said that locals spotted presence of two dead bodies in Paidag locality of district Turbat after which security personnel reached the scene took the bodies into po
Published 03 Oct, 2015 12:00am
PCJCCI announces names of office-bearers

PCJCCI announces names of office-bearers

Shah Faisal Afridi, S M Naveed and Farhan Latif have been elected as president, senior vice-president and vice-president of the Pak-China Joint Chamber of Commerce and Industry, respectively. They were elected in the first annual general meeting held in L
Published 03 Oct, 2015 12:00am
Textile units up for sale?

Textile units up for sale?

A good number of textile millers have put their units on sale in the city, saying the high cost of doing business had hit hard to their viability. "We are left with no option but to sale out our units at throwaway price," said one miller who is unable to
Published 03 Oct, 2015 12:00am
SECP holds seminar on fostering professional learning
Mutual Funds

SECP holds seminar on fostering professional learning

The Securities and Exchange Commission of Pakistan (SECP), in order to further its endeavours to raise awareness about safe investments and build investor confidence has been continuously organizing seminars for employees of corporate entities. One such s
Published 03 Oct, 2015 12:00am
KMC initiates spray against malaria, dengue

KMC initiates spray against malaria, dengue

Karachi Metropolitan Corporation (KMC) is initiating spray against malaria and dengue which will continue till October 21. The spray will be undertaken in all the districts and the suburbs of the city. It will also be done at the commercial centres as wel
Published 03 Oct, 2015 12:00am
Haier launches eco-friendly cooling system

Haier launches eco-friendly cooling system

The Haier Group of China have set a searing pace in the central air conditioning world by introducing highly advanced technologies designed to meet and even surpass global emission controls. This emerged as Haier announced the introduction in the Middle E
Published 03 Oct, 2015 12:00am
Over-billing: KE condemns registration of FIR against employees

Over-billing: KE condemns registration of FIR against employees

K-Electric issued a press statement in which the company condemned the FIR registered against some of its employees. The statement further added that the allegations of over billing were wrong and baseless. KE Spokesperson further added that the power uti
Published 03 Oct, 2015 12:00am
Pilots didn't delay any Hajj flight, claims Palpa

Pilots didn't delay any Hajj flight, claims Palpa

President, Pakistan Airline Pilots' Association (Palpa), Captain Amir Hashmi, has said that pilots did not delay any Hajj flight and the management of the national flag carrier is shifting the blame of its inefficiency on pilots. "We had already directed
Published 03 Oct, 2015 12:00am
K-IV water project: Ebad for completion by March 2018

K-IV water project: Ebad for completion by March 2018

Governor Sindh Dr Ishratul Ebad Khan has called for completion of K-IV water project for the metropolis before March 2018. He stressed this during a briefing held at the Governor House, here on Friday. The Governor was briefed in detail about K-IV, 100 MG
Published 03 Oct, 2015 12:00am
K-IV water project: Ebad for completion by March 2018

K-IV water project: Ebad for completion by March 2018

Governor Sindh Dr Ishratul Ebad Khan has called for completion of K-IV water project for the metropolis before March 2018. He stressed this during a briefing held at the Governor House, here on Friday. The Governor was briefed in detail about K-IV, 100 MG
Published 03 Oct, 2015 12:00am
Private banks will extend more loans: President

Private banks will extend more loans: President

President Mamnoon Hussain Thursday said Karachi is regaining its status of 'city of lights,' and the targeted operation in the city will continue till last terrorist is eliminated and peace is fully restored. The President was addressing the business comm
Published 03 Oct, 2015 12:00am
Pakistani pilgrims: number of martyred pilgrims soars to 57: Dr Tariq

Pakistani pilgrims: number of martyred pilgrims soars to 57: Dr Tariq

Toll of Pakistani pilgrims martyred in Mina stampede has reached 57 with 100 still missing, Prime Minister's Focal Person Tariq Fazal Chaudhry said here Friday. The figure of missing Pakistani Hujjaj had mounted after the number of overseas Pakistanis wor
Published 03 Oct, 2015 12:00am
CG Japan lauds government policies on security, investment climate

CG Japan lauds government policies on security, investment climate

The Consul-General of Japan in Karachi, Akira Ouchi has said Pakistan is a country with great potential for economic growth. Delivering a lecture on "Bilateral Relations between Japan and Pakistan" to the students and faculty members of Indus University i
Published 03 Oct, 2015 12:00am
Nisar for construction of martyrs' monument at D-Chowk

Nisar for construction of martyrs' monument at D-Chowk

Interior Minister Chaudhry Nisar Ali Khan visited D-Chowk here on Friday. He directed Islamabad Administration and Capital Development Authority (CDA) to prepare feasibility for construction of martyrs' monument at D-Chowk. Nisar said the purpose of build
Published 03 Oct, 2015 12:00am
Pesco's asst lineman sacked

Pesco's asst lineman sacked

Tanvir Alam, an Assistant Lineman Office of SDO Pesco Wazir Bagh Sub-Division Peshawar has been dismissed from the service for absence from duty without permission. He was served with notices to attend the office, but he failed to do so.
Published 03 Oct, 2015 12:00am
FBR notifies

FBR notifies

The Federal Board of Revenue (FBR) has notified through its website that FBR's helpline Numbers 0800-00-227, 111-227-227 and 111-227-228 are temporarily not available due to maintenance. According to the FBR message displayed on its website on Friday, the
Published 03 Oct, 2015 12:00am
Dr Asim's case: Supreme Court issues notices

Dr Asim's case: Supreme Court issues notices

The Supreme Court Friday issued directives to Sindh Rangers to ensure right to effective medical treatment to former federal minister Dr Asim Hussain. Taking up the plea filed by Dr Asim Hussain's wife Dr Zareen Hussain against her husband's transfer from
Published 03 Oct, 2015 12:00am
Unhygienic conditions: ICT seals, fines food outlets

Unhygienic conditions: ICT seals, fines food outlets

Islamabad Capital Territory (ICT) Administration on Friday sealed kitchens of some food outlets for not keeping hygienic conditions and selling unhygienic foods while some restaurants were slapped with heavy fines in the federal capital. The ICT team head
Published 03 Oct, 2015 12:00am
Government mulling reverting to IMF: Asad Umar

Government mulling reverting to IMF: Asad Umar

Pakistan Tehreek-e-Insaf (PTI) leader Asad Umar Friday claimed that the government is considering going back to the International Monetary Fund (IMF), seeking more loans at the end of the current IMF programme. "Both finance minister and the secretary fin
Published 03 Oct, 2015 12:00am
Remedial measures ordered: working of Attorney General's office irks IHC

Remedial measures ordered: working of Attorney General's office irks IHC

Islamabad High Court (IHC) has observed that the working of the Attorney General's office is "far lower than standard" and asked the concerned authorities to take remedial steps. This observation was made by IHC Justice Shaukat Aziz Siddiqui during the he
Published 03 Oct, 2015 12:00am
Joke of a tax

Joke of a tax

I am writing in reaction to a story I saw on an international news channel titled 'Broadband tax hits Pakistan internet users'. The link is available online and the story behind it paints a picture of gloom and doom for internet growth and penetration.
Published 03 Oct, 2015 12:00am
Petty corruption plagues Tunisian economy, experts say

Petty corruption plagues Tunisian economy, experts say

Petty graft plagues Tunisia's economy, nearly five years after state corruption triggered the fall of president Zine El Abidine Ben Ali, partly due to lack of political will, experts say. Corruption was endemic under long-time dictator Ben Ali, whose clos
Published 03 Oct, 2015 12:00am
China, US rate hike loom over global finance summit
Currency

China, US rate hike loom over global finance summit

Clouds are gathering over the world's economic leaders ahead of a meeting in Peru to confront the fallout of a China-sparked commodity price crash that has rocked once-powerful emerging markets. The impending prospect of a US interest rate hike, the first
Published 03 Oct, 2015 12:00am
Economic delusions of grandeur

Economic delusions of grandeur

Freud would have read it as a pathogenic existence. Dependent on the symptoms he probably would have related it to either a compulsive neurotic behavior or a schizophrenic one. The latter indicates a given source of fixation and rigidity and is a disease
Published 03 Oct, 2015 12:00am
New UN agenda for sustainable development

New UN agenda for sustainable development

At their annual gathering at the UN world leaders adopted new sustainable development goals aimed at ending extreme poverty within the next 15 years in place of the Millennium Development Goals (MDGs) that run out in the current year. Applying to both dev
Published 03 Oct, 2015 12:00am
Another resignation in protest

Another resignation in protest

Managing Director of Central Power Purchase Agency (CPPA) tendered his resignation before the Eid holidays, thereby making him the third casualty of the Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi-led LNG import plan inclusive of imp
Published 03 Oct, 2015 12:00am
New York Cotton rates

New York Cotton rates

The following were the fluctuations observed during the day:

Published 03 Oct, 2015 12:00am
US East Coast cotton farmers brace for damage
Cotton

US East Coast cotton farmers brace for damage

Concerns mounted for cotton farmers on the US East Coast on Thursday as Hurricane Joaquin strengthened, prompting a price jump and raising the prospects of damage to crop quality and further harvesting delays for an already late crop. Any rains from the s
Published 03 Oct, 2015 12:00am
Cotton falls as Hurricane Joaquin moves away from East Coast
Cotton

Cotton falls as Hurricane Joaquin moves away from East Coast

ICE cotton fell on Friday as forecasts showed Hurricane Joaquin moving away from the US East Coast, easing fears that the winds and rains associated with the storm could harm yields and quality in the region. "Now that it's moved off, it's not going to af
Published 03 Oct, 2015 12:00am
Copper steadies but demand concerns persist

Copper steadies but demand concerns persist

Copper held steady on Friday but weaker US jobs data fuelled concerns about growth in the world's largest economy and persistent worries about demand in top consumer China weighed on sentiment. Benchmark copper on the London Metal Exchange closed little c
Published 03 Oct, 2015 12:00am
Rubber up

Rubber up

Benchmark Tokyo rubber futures inched up in thin trade on Friday, recovering from an earlier fall as investors unwound long positions after Japanese equities regained ground. The Tokyo Commodity Exchange (TOCOM) rubber contract for March delivery finished
Published 03 Oct, 2015 12:00am
Wheat gains, soyabeans slip

Wheat gains, soyabeans slip

Chicago wheat rose more than 1 percent on Thursday, extending a rally triggered by Wednesday's US Department of Agriculture data that put the 2015 US crop below market estimates. Corn futures rose slightly on technical buying and spillover support from wh
Published 03 Oct, 2015 12:00am
Palm oil slips
Vegetable Oil

Palm oil slips

Malaysian palm oil futures fell on Friday after hitting a 15-month high earlier in the week as buyers started looking at alternatives such as soybean oil. The benchmark December contract on the Bursa Malaysia Derivatives exchange closed down 1.1 percent,
Published 03 Oct, 2015 12:00am
Raw sugar hits 4-1/2 months high
Currency

Raw sugar hits 4-1/2 months high

ICE raw sugar hit a 4-1/2 month high on Friday due to wet weather in Brazil and expectations of higher demand for cane-based ethanol there. Arabica coffee steadied and cocoa eased. The front-month March 2016 raw sugar contract on ICE Futures US was 0.09 c
Published 03 Oct, 2015 12:00am
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