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May 05, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-10-08
Message from Chief Minister, Sindh

Message from Chief Minister, Sindh

Punjab has faced the detrimental effects of Climate Change in the form of erratic monsoons, torrential rains, flash floods and recurrent riverine floods in last one decade. However, I am glad to note that our response mechanism has strengthened, the insti
Published 08 Oct, 2015 12:00am
Message from Prime Minister of Pakistan

Message from Prime Minister of Pakistan

At the onset, I express my personal deep sympathies with the affectees of the disasters faced by Pakistan since its independence especially the increasing number in lastone decade. Let me reiterate the resolve of the Government of Pakistan towards a disas
Published 08 Oct, 2015 12:00am
Message from President of Pakistan

Message from President of Pakistan

I am pleased to know that "National Disaster Awareness Day" is being observed to create awareness amongst the masses for better preparedness against disasters. Pakistan is one of the most disaster prone countries in the world and therefore systematic proc
Published 08 Oct, 2015 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Tuesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 4,189 million. The number of lots traded was 20.11 million. PMEX Commodity Index increased by 0.84 percent and closed at 2,573. Major business was contributed by gold amounting to PK
Published 08 Oct, 2015 12:00am
CBOT wheat futures rise to eight-week high

CBOT wheat futures rise to eight-week high

Wheat futures on the Chicago Board of Trade rose on Tuesday on technical buying and dollar weakness, traders said, with the spot December contract nearing a two-month high. The contract pushed through chart-based resistance at its 100-day moving average n
Published 08 Oct, 2015 12:00am
Lean business on grain market
Cotton

Lean business on grain market

Small business was seen on the local grain market on Wednesday due to less buying interest among buyers, dealers said. On the cereals side, Moong Punjab lost Rs 500 to Rs 10750 and the Moong Afghan followed same pattern, losing 750 to Rs 11750, other comm
Published 08 Oct, 2015 12:00am
Karachi Port's activities

Karachi Port's activities

The Karachi Port handled 177,549 tonnes of cargo comprising 163,060 tonnes of import cargo and 14,489 tonnes of export cargo including 4,765 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
Published 08 Oct, 2015 12:00am
Indian soyabeans hit four-month high on lower output

Indian soyabeans hit four-month high on lower output

Indian soyabean futures rose in a volatile trade on Tuesday to their highest level in nearly four months on concerns over production, while rapeseed fell on profit-taking after hitting an all-time high. Soyaoil futures dropped following losses in Malaysia
Published 08 Oct, 2015 12:00am
US FOB Gulf soyabean premiums mostly steady
Currency

US FOB Gulf soyabean premiums mostly steady

Soyabean export premiums at the US Gulf Coast were mostly steady on Tuesday in quiet trade as importers in China remain on the sidelines as markets there are closed through Wednesday for a national holiday, traders said. An active pace of harvest in the U
Published 08 Oct, 2015 12:00am
US natural gas futures flat on low demand

US natural gas futures flat on low demand

US natural gas futures were near flat on Tuesday on forecasts for ongoing above-normal temperatures expected to keep heating demand low over the next two weeks. Front-month gas futures on the New York Mercantile Exchange closed up 2 cents at $2.47 per mil
Published 08 Oct, 2015 12:00am
European wheat prices rise on Algeria's tender

European wheat prices rise on Algeria's tender

European wheat prices rose on Tuesday, buoyed by a tender from major importer Algeria, as well as a rally in Chicago futures. Benchmark December milling wheat futures in Paris settled 3.00 euros or 1.7 percent higher at 179.25 euros a tonne. Algeria's sta
Published 08 Oct, 2015 12:00am
Oil cake market rates
Cotton

Oil cake market rates

The December vaida was unchanged while the January contract was up on the forward cottonseeds oilcake market on Wednesday in the process of trading, dealers said. The December vaida closed at Rs 1308.80 and the next day it opened with no change in the ear
Published 08 Oct, 2015 12:00am
Cotton market: short crop causes further rise in rates
Cotton

Cotton market: short crop causes further rise in rates

Anticipations of short crop and persistent demand may cause more increase in prices on the cotton market on Wednesday, dealers said. The official spot rate was higher by Rs 100 to Rs 5,050, dealers said. In Sindh, seed cotton prices posted fresh gain of R
Published 08 Oct, 2015 12:00am
Microsoft unveils Windows 10 smartphones, new laptop

Microsoft unveils Windows 10 smartphones, new laptop

Microsoft unveiled its first Windows 10 smartphones Tuesday as it launched a series of new gadgets in a bid to win a bigger share of the competitive mobile market. The technology giant's two premium Lumia smartphones take aim at popular devices offered by
Published 08 Oct, 2015 12:00am
Burkina Faso coup cost economy more than $50 million

Burkina Faso coup cost economy more than $50 million

A failed military coup in Burkina Faso last month cost its flagging economy more than $50 million in lost revenue, the finance minister said on Wednesday. The economy ground to a halt for about 10 days with banks and businesses closed and employees unable
Published 08 Oct, 2015 12:00am
Poland's jobless rate at seven-year low

Poland's jobless rate at seven-year low

Poland's unemployment rate fell to a seven-year low in September and will likely translate into higher wages, the labour minister said on Wednesday, three weeks ahead of elections. Wages have lagged economic growth in the last eight years, leading many vo
Published 08 Oct, 2015 12:00am
China's FX reserves post record quarterly fall
Currency

China's FX reserves post record quarterly fall

China's foreign exchange reserves posted their biggest quarterly decline on record in July-September, as the central bank stepped up intervention to stabilise the yuan and calm sentiment after an unexpected devaluation of its currency had jolted global ma
Published 08 Oct, 2015 12:00am
Malaysian banks race to pin down fleeing deposits

Malaysian banks race to pin down fleeing deposits

Bank deposits in Malaysia are growing at their slowest pace in more than a decade as retail funds flee to higher-yielding avenues, weakening banks' buffers against any unforeseen funding needs at a time when the economy is losing steam. Total deposits at
Published 08 Oct, 2015 12:00am
Monsanto sees lower earnings, plans job cuts

Monsanto sees lower earnings, plans job cuts

US seed giant Monsanto forecast a fall in full-year earnings Wednesday and announced job cuts in anticipation of continued low commodity prices that have hit the agriculture industry. Monsanto estimated earnings per share in fiscal year 2016, which began
Published 08 Oct, 2015 12:00am
Monsanto sees lower earnings, plans job cuts

Monsanto sees lower earnings, plans job cuts

US seed giant Monsanto forecast a fall in full-year earnings Wednesday and announced job cuts in anticipation of continued low commodity prices that have hit the agriculture industry. Monsanto estimated earnings per share in fiscal year 2016, which began
Published 08 Oct, 2015 12:00am
Profits at big US banks soar since crisis: New York Fed

Profits at big US banks soar since crisis: New York Fed

Profits have soared since the global financial crisis at the five biggest US banks with market-making dealing operations, New York Federal Reserve economists said in an article released on Wednesday. From 2009 to 2014, the combined net income of J.P. Morg
Published 08 Oct, 2015 12:00am
General Electric launches energy efficiency subsidiary

General Electric launches energy efficiency subsidiary

General Electric has reshuffled several energy management and research operations into a new subsidiary called "Current" aimed at new energy technologies, the company announced Wednesday. The new unit, which integrates lighting, solar, energy storage and
Published 08 Oct, 2015 12:00am
AirAsia's potential management-led buyout faces headwinds

AirAsia's potential management-led buyout faces headwinds

AirAsia founder Tony Fernandes may find it tough to take the budget airline private due to large funding needs as potential partners worry about a floundering Malaysian economy and a weak regional aviation market. Reuters exclusively reported on Tuesday t
Published 08 Oct, 2015 12:00am
Bank of Japan holds fire on boosting stimulus

Bank of Japan holds fire on boosting stimulus

The Bank of Japan held fire Wednesday on expanding its already huge stimulus programme, despite mounting pressure on policymakers from sluggish growth and stagnant prices. The decision follows disappointing data that has raised questions about the effecti
Published 08 Oct, 2015 12:00am
Russia's Gazprom delays pipeline project amid Turkey tensions

Russia's Gazprom delays pipeline project amid Turkey tensions

Russian gas giant Gazprom said Wednesday its TurkStream pipeline project with Turkey would be delayed as tensions between Moscow and Ankara peak over Russia's intervention in the Syrian conflict. "Given that there is no intergovernmental agreement, the ti
Published 08 Oct, 2015 12:00am
Gulf markets surge on strong oil, bank earnings

Gulf markets surge on strong oil, bank earnings

Major Middle East stock markets rose on Wednesday as a leap in oil prices boosted petrochemical and energy-related shares across the region. Egypt ended a three-day losing streak as emerging markets gained globally. Brent crude jumped 5.4 percent on Tuesd
Published 08 Oct, 2015 12:00am
Hong Kong stocks rise

Hong Kong stocks rise

Hong Kong shares rallied on Wednesday, rising over 3 percent, as financials and energy stocks shone just a day before China markets reopen after the national holidays. The Hang Seng index rose 3.1 percent, to 22,515.76 points, the highest close since Augu
Published 08 Oct, 2015 12:00am
Wednesday's early afternoon trade: stocks marginally up

Wednesday's early afternoon trade: stocks marginally up

US stocks were marginally higher in volatile trading on Wednesday as investor worries about corporate earnings grew and a rally in crude oil prices ended. Crude oil prices seesawed after government data showing a large US crude inventory build surprised t
Published 08 Oct, 2015 12:00am
Wall Street dips as third-quarter earnings season kicks off

Wall Street dips as third-quarter earnings season kicks off

US stocks fell on Tuesday, ending a five-day winning streak, as investors focused on upcoming quarterly reports that are expected to reflect a dip in corporate earnings. A surge in DuPont's stock helped keep the Dow Jones industrial average in positive te
Published 08 Oct, 2015 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks gained on Wednesday after September's consumer price index rose unexpectedly, accelerating for the first time in nine months on higher food prices. As of 1:59 GMT, the main TAIEX index rose 0.5 percent, to 8,435.42 points, after closing up 0
Published 08 Oct, 2015 12:00am
US bond prices rise on growth worries

US bond prices rise on growth worries

US Treasury debt prices rose on Tuesday as renewed worries about a weakening global economy supported safe-haven demand for government debt. Bond prices held near session highs after the government sold $24 billion in three-year notes to mediocre demand.
Published 08 Oct, 2015 12:00am
US bond prices rise on growth worries

US bond prices rise on growth worries

US Treasury debt prices rose on Tuesday as renewed worries about a weakening global economy supported safe-haven demand for government debt. Bond prices held near session highs after the government sold $24 billion in three-year notes to mediocre demand.
Published 08 Oct, 2015 12:00am
Tokyo stocks higher

Tokyo stocks higher

Japanese stocks extended gains to a sixth session Wednesday after the Bank of Japan decided to hold fire on fresh stimulus measures despite sluggish growth and stagnant prices. The decision, after a two-day meeting, follows a string of disappointing data
Published 08 Oct, 2015 12:00am
Indian shares rise for sixth session

Indian shares rise for sixth session

Indian shares rose for a sixth consecutive session on Wednesday as oil explorers such as ONGC rose, tracking a rebound in crude prices, while auto makers such as Mahindra & Mahindra gained on hopes the upcoming festive season would boost sales. The benchm
Published 08 Oct, 2015 12:00am
European shares slightly up as rally loses momentum

European shares slightly up as rally loses momentum

European shares ended slightly higher on Wednesday, giving up earlier gains as a three-day rally appeared to lose momentum, but gains among miners and autos offset a decline in airline stocks. The pan-European FTSEurofirst 300 index pared gains in the las
Published 08 Oct, 2015 12:00am
Australian shares end higher; New Zealand slips

Australian shares end higher; New Zealand slips

Australian shares ended 0.6 percent higher on Wednesday, making a third straight day of gains as resources and energy-related shares took heart from a sharp rebound in oil prices overnight. The S&P/ASX 200 index fell 0.6 percent in late morning deals but
Published 08 Oct, 2015 12:00am
Southeast Asian markets: Singapore posts best gain in 6 weeks

Southeast Asian markets: Singapore posts best gain in 6 weeks

Singapore stocks marked their biggest gain in nearly six weeks on Wednesday, in line with strength in regional markets, as a jump in crude oil prices boosted energy related stocks and foreign inflows sent Malaysia's index to a two-month high. Singapore's
Published 08 Oct, 2015 12:00am
FTSE hits six-week high as miners, Tesco shares rise

FTSE hits six-week high as miners, Tesco shares rise

Britain's top equity index ended at its highest closing level since August on Wednesday, buoyed by surging mining stocks while supermarket group Tesco also climbed after a smaller-than-expected plunge in profits. SABMiller also edged up 0.3 percent after
Published 08 Oct, 2015 12:00am
Sri Lankan rupee higher
Currency

Sri Lankan rupee higher

The Sri Lankan rupee ended firmer on Wednesday as a private bank sold dollars amid tepid demand for the greenback from importers, dealers said. The rupee ended at 140.55/65 per dollar, compared with Tuesday's close of 141.05/141.10. Dealers said the two s
Published 08 Oct, 2015 12:00am
Yen rebounds modestly in Asia

Yen rebounds modestly in Asia

The yen rebounded modestly against its peers on Wednesday after the Bank of Japan stood pat on monetary policy. The yen was pressured earlier amid some speculation that the BoJ would ease in the wake of weak economic data and flagging inflation, but the c
Published 08 Oct, 2015 12:00am
Early trade in New York Dollar gains against euro, franc

Early trade in New York Dollar gains against euro, franc

Optimism toward global economic growth boosted risk appetite and drove the US dollar higher against the euro and Swiss franc on Wednesday, while the yen gained against the dollar after the Bank of Japan left monetary policy unchanged. Expectations for the
Published 08 Oct, 2015 12:00am
Dollar slips broadly in New York
Currency

Dollar slips broadly in New York

The US dollar slipped against a basket of major currencies on Tuesday on continued expectations that the Federal Reserve will not hike interest rates this year, while uncertainty over the outcome of a Bank of Japan meeting capped the yen's gains. Commerce
Published 08 Oct, 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). 05.25-06.50 percent (Previous 05.25-06.50 percent).
Published 08 Oct, 2015 12:00am
Asian forex Rupiah, ringgit jump
Currency

Asian forex Rupiah, ringgit jump

The Indonesian rupiah jumped on Wednesday, on track for its best daily performance in seven years, thanks to capital inflows as expectations of an imminent US interest rate hike ebbed and on central bank intervention to stabilise the currency. Malaysia's
Published 08 Oct, 2015 12:00am
Rand rises to two-week high

Rand rises to two-week high

South Africa's rand gained more than one percent against the dollar on Wednesday to a two-week high of 13.3600 as the greenback slipped, with investors pushing back bets of a 2015 rate hike by the Federal Reserve. The US's trade deficit widened by its mos
Published 08 Oct, 2015 12:00am
Sterling rises against dollar
Currency

Sterling rises against dollar

Sterling rose to its highest in more than two weeks against the dollar after data on Wednesday showed industrial output had recovered better than expected from a July slump, pushing the pound back above $1.53. The output reading added to a mixed bag of re
Published 08 Oct, 2015 12:00am
Kiwi pops to seven-week peak, Aussie up

Kiwi pops to seven-week peak, Aussie up

The New Zealand dollar rose to seven-week highs on Wednesday boosted by a solid rise in dairy prices, while yen softness helped the Australian dollar stay near three-week peaks. The New Zealand dollar popped to $0.6556, its highest since late August, afte
Published 08 Oct, 2015 12:00am
Berdych, Wozniacki crash
Kerb

Berdych, Wozniacki crash

Tomas Berdych and Caroline Wozniacki both lost their way in Beijing's choking smog as they exited the haze-hit China Open with tough defeats on Wednesday. The Czech world number five never hit his stride against Uruguay's 37th-ranked Pablo Cuevas as he wa
Published 08 Oct, 2015 12:00am
Fog lifts as Nadal fires into Beijing quarters

Fog lifts as Nadal fires into Beijing quarters

Rafael Nadal sparked his China Open campaign into life as he stormed into the quarter-finals with a much-improved 7-6 (7/3), 6-4 victory over Canada's Vasek Pospisil on Wednesday. The 14-time Grand Slam winner had his service broken four times in the firs
Published 08 Oct, 2015 12:00am
Blatter rules out resigning before FIFA election

Blatter rules out resigning before FIFA election

Sepp Blatter has made it clear he will not resign as FIFA president and is determined to fight right up until the next election on February 26. "I will only stop (working) on February 26 and not a day before," Blatter told German magazine Bunte, which is
Published 08 Oct, 2015 12:00am
England 'positive' ahead of Pakistan series

England 'positive' ahead of Pakistan series

England assistant coach Paul Farbrace vowed Wednesday that England has laid to rest the memories of their rout at Pakistan's hands in 2012 ahead of a Test series starting later this month. The two sides will meet in a three-match series starting in Abu Dh
Published 08 Oct, 2015 12:00am
Ex-ODI cricketer Hasan Jamil laid to rest

Ex-ODI cricketer Hasan Jamil laid to rest

Former Pakistan all-rounder Hasan Jamil, who died after sudden cardiac arrest was laid to rest here at the Model Colony Graveyard on Wednesday. He played six One-day International (ODIs) for Pakistan. Hasan made his one-day debut against England at Zafar
Published 08 Oct, 2015 12:00am
Warne, Tendulkar taking cricket to the US

Warne, Tendulkar taking cricket to the US

Australian Shane Warne and India's Sachin Tendulkar will captain two All-Star sides in a three-match Twenty20 series in the United States in a bid to spark interest in a sport alien to most Americans. The ICC-sanctioned matches will be played on drop-in p
Published 08 Oct, 2015 12:00am
Bangladesh to host Zimbabwe in November

Bangladesh to host Zimbabwe in November

Bangladesh announced Wednesday it would host Zimbabwe for a two-Test cricket series in November after Australia postponed a planned visit this month due to security concerns. Bangladesh Cricket Board (BCB) president Nazmul Hasan said Zimbabwe had agreed t
Published 08 Oct, 2015 12:00am
Ex-wrestler, TV anchor make Japan's new cabinet

Ex-wrestler, TV anchor make Japan's new cabinet

A former wrestler and a television anchorwoman joined Japan's cabinet on Wednesday, as part of a reshuffle Prime Minister Shinzo Abe hopes will refocus the national political agenda on the economy. The premier has switched his focus back to the country's
Published 08 Oct, 2015 12:00am
Climate aid from rich to poor nations at $62 billion in 2014

Climate aid from rich to poor nations at $62 billion in 2014

Rich nations have stepped up their climate aid for poorer nations, paying $62 billion (55 billion euros) last year, approaching a $100-billion annual target for 2020, the OECD said Wednesday. Up from $52 billion in 2013, the figure represented "significan
Published 08 Oct, 2015 12:00am
Iran's supreme leader bans negotiations with the United States

Iran's supreme leader bans negotiations with the United States

Iran's Supreme Leader Ayatollah Ali Khamenei on Wednesday banned any further negotiations between Iran and the United States, putting the brakes on moderates hoping to end Iran's isolation after reaching a nuclear deal with world powers in July. Khamenei,
Published 08 Oct, 2015 12:00am
Obama apologises to MSF for deadly Kunduz air strike

Obama apologises to MSF for deadly Kunduz air strike

US President Barack Obama on Wednesday apologised to Doctors without Borders (MSF) for a deadly US air strike on an Afghan hospital, as the medical charity demanded an international probe into the incident. Three separate investigations - by the US milita
Published 08 Oct, 2015 12:00am
UN peacekeeper dies in Central Africa violence

UN peacekeeper dies in Central Africa violence

A UN peacekeeper was killed and another injured when gunmen opened fire on a United Nations convoy in the Central African Republic on Tuesday, the UN said. UN Secretary-General Ban Ki-moon condemned the killing of the soldier from a Burundian infantry com
Published 08 Oct, 2015 12:00am
Azerbaijan deports two Amnesty International activists

Azerbaijan deports two Amnesty International activists

Azerbaijan on Wednesday deported two activists from Amnesty International in a move the advocacy group denounced as an "attack on freedom of expression" in the lead-up to parliamentary elections. It also came as Europe's top rights watchdog withdrew from
Published 08 Oct, 2015 12:00am
New unrest hits Israel, West Bank despite calls for calm

New unrest hits Israel, West Bank despite calls for calm

New violence rocked Israel and the West Bank on Wednesday, including three stabbings and an Arab shot dead by police, as Israeli and Palestinian leaders tried to ease tensions. In the occupied West Bank, men thought to be undercover Israeli police opened
Published 08 Oct, 2015 12:00am
In boost for transplants, kidney tissue grown in lab

In boost for transplants, kidney tissue grown in lab

Scientists said Wednesday they had grown rudimentary human kidney tissue from stem cells, a key step towards the Holy Grail of fully-functional, lab-made transplant organs. The tissue is not a viable organ, but may be useful for other purposes such as rep
Published 08 Oct, 2015 12:00am
Gunfire after police seal Saudi Shia town

Gunfire after police seal Saudi Shia town

Gunfire erupted in a Shia town in Saudi Arabia Wednesday after police sealed it off with armoured vehicles, a resident said. Awamiya, near Dammam on the Gulf coast, has been the scene of repeated incidents since protests by the minority Shia community beg
Published 08 Oct, 2015 12:00am
Merkel declares EU asylum rules 'obsolete' as navies tackle smugglers

Merkel declares EU asylum rules 'obsolete' as navies tackle smugglers

German Chancellor Angela Merkel said Wednesday Europe needs to rewrite its "obsolete" asylum rules to tackle the migrant crisis as European warships went into action against people smugglers in the Mediterranean. Merkel made the call in a speech with Fren
Published 08 Oct, 2015 12:00am
CoAS visits PMA Kakul

CoAS visits PMA Kakul

Army Chief General Raheel Sharif visited Pakistan Military Academy (PMA) Kakul on Wednesday. He said that challenges can only be tackled by best professional standards and training. According to Inter-Services Public Relations (ISPR), General Raheel Shari
Published 08 Oct, 2015 12:00am
ATC seeks case record against Saad Rafiq

ATC seeks case record against Saad Rafiq

The Punjab Prosecution Department is asked to present record of a case against Khwaja Saad Rafiq in an anti-terrorism court on October 21, after he was announced a proclaimed offender for repeatedly ignoring court orders. Deputy Prosecutor General Khurram
Published 08 Oct, 2015 12:00am
Margin on PIBs declines

Margin on PIBs declines

The cut-off yield on Pakistan Investment Bonds (PIBs) declined up to 15 basis points (bps) in the auction held Wednesday. According to SBP, the auction for the sale of long-term government securities of 3-, 5-, 10-, and 20-year maturity was held on Octobe
Published 08 Oct, 2015 12:00am
Margin on PIBs declines

Margin on PIBs declines

The cut-off yield on Pakistan Investment Bonds (PIBs) declined up to 15 basis points (bps) in the auction held Wednesday. According to SBP, the auction for the sale of long-term government securities of 3-, 5-, 10-, and 20-year maturity was held on Octobe
Published 08 Oct, 2015 12:00am
Punjab Assembly passes 'Punjab Local Governments (Amend) Bill 2015'

Punjab Assembly passes 'Punjab Local Governments (Amend) Bill 2015'

Punjab Assembly on Wednesday passed 'The Punjab Local Governments (Amendment) Bill 2015'. This bill was recommended by Standing Committee on Local Governments and Rural Development. The house also passed 'The Punjab Flood Plain Regulation Bill 2015'. This
Published 08 Oct, 2015 12:00am
PIA removes two captains

PIA removes two captains

Following the disagreement over the formation of medical board and the release of pilots' pictures in media, Chief Pilot Officer (CPO)-A-320 Captain Khurram Butt and CPO-ATR Captain Tariq Alam have forcibly been removed from the posts; it was learnt here
Published 08 Oct, 2015 12:00am
Pakistan should accede to ITA to boost exports: speakers

Pakistan should accede to ITA to boost exports: speakers

Speakers at a seminar on 'Boundaries in Cyber World' organised by Policy Research Institute of Market Economy (PRIME) recommended that Pakistan should accede to Information Technology Agreement (ITA) to boost IT exports. They said that Pakistan should acc
Published 08 Oct, 2015 12:00am
Ogra fixes provisional price of imported LNG at $8.64/MMBTU

Ogra fixes provisional price of imported LNG at $8.64/MMBTU

The Oil and Gas Regulatory Authority (Ogra) on the request of Pakistan State Oil (PSO) has fixed provisional price of imported Liquefied Natural Gas (LNG) at $8.64 per Million British Thermal Unit (MMBTU). According to a notification issued here on Wednes
Published 08 Oct, 2015 12:00am
Ogra fixes provisional price of imported LNG at $8.64/MMBTU

Ogra fixes provisional price of imported LNG at $8.64/MMBTU

The Oil and Gas Regulatory Authority (Ogra) on the request of Pakistan State Oil (PSO) has fixed provisional price of imported Liquefied Natural Gas (LNG) at $8.64 per Million British Thermal Unit (MMBTU). According to a notification issued here on Wednes
Published 08 Oct, 2015 12:00am
Mari Petroleum Company Limited

Mari Petroleum Company Limited

Mari Petroleum Company Limited (KSE: MPCL), formerly known as Mari Gas Company Limited, is one of the local exploration and production companies operating in Pakistan. It manages and operates the Country's largest gas reservoir in terms of current reserve
Published 08 Oct, 2015 12:00am
Mari Petroleum Company Limited

Mari Petroleum Company Limited

Mari Petroleum Company Limited (KSE: MPCL), formerly known as Mari Gas Company Limited, is one of the local exploration and production companies operating in Pakistan. It manages and operates the Country's largest gas reservoir in terms of current reserve
Published 08 Oct, 2015 12:00am
McDonald's partners with TDCP to promote tourism

McDonald's partners with TDCP to promote tourism

McDonald's Pakistan and Tourism Development Corporation of Punjab celebrated the World Tourism Day at Alhamra Art Council recently. The theme this year was "One Billion Tourists, One Billion Opportunities" as declared by United Nations. Mian Tahir Javed,
Published 08 Oct, 2015 12:00am
Softlan, Pink Ribbon Pakistan collaborate to beat breast cancer

Softlan, Pink Ribbon Pakistan collaborate to beat breast cancer

Softlan, the country's first post wash fabric conditioner, joined hands with Pink Ribbon Pakistan, a distinguished NGO working on Breast Cancer Awareness nation-wide. Pakistan has the highest incidence of breast cancer in Asia, with every 1 in 9 Pakistani
Published 08 Oct, 2015 12:00am
World Bank mission gets input on Sindh investment climate

World Bank mission gets input on Sindh investment climate

A World Bank Group's Mission on Trade & Competitiveness, led by its Operation Officer, Amjad Bashir, visited Karachi Chamber of Commerce and Industry on Wednesday to seek the business community's input on the overall investment climate of Sindh, particula
Published 08 Oct, 2015 12:00am
Intel launches 6th generation core processor

Intel launches 6th generation core processor

Intel recently launched 6th Generation Intel Core processor family, its best ever. Engineered to run best on Windows 10, 6th Gen Intel Core and Microsoft's newest operating system marked a major milestone for the computing industry and will make people's
Published 08 Oct, 2015 12:00am
Primus announces launch of PIML Islamic Income Fund

Primus announces launch of PIML Islamic Income Fund

Primus Investment Management Limited recently announced the conversion of PIML - Islamic Money Market Fund into PIML - Islamic Income Fund. The move was part of company's customer-centric plan to provide effective financial solutions to investors looking
Published 08 Oct, 2015 12:00am
436 tons of plastic granules of different origins seized

436 tons of plastic granules of different origins seized

Directorate of Intelligence and Investigation - FBR, Anti-Smuggling (Customs), Karachi on Wednesday claimed to have confiscated 436 tons of Plastic Granules (PG) of different origins during raid in Baldia, SITE area. According to details, the action was t
Published 08 Oct, 2015 12:00am
Minister for upgradation of TCP godowns

Minister for upgradation of TCP godowns

Federal Minister for Commerce Engr. Khurram Dastagir Khan on Wednesday directed Chairman, Trading Corporation of Pakistan (TCP) Rizwan Ahmed Shaikh to transform the largest chain of godowns in Asia located here according to the demands of 21st century.
Published 08 Oct, 2015 12:00am
PTA delegation meets TDAP chief

PTA delegation meets TDAP chief

A delegation of Pakistan Tanners Association under the chairmanship of Gulzar Firoz, Chairman, PTA, Central along with Rehan Hannan, Chairman South, Naveed Ahmed, Usman Umer met SM Muneer, Chief Executive of TDAP. The meeting discussed various issues of l
Published 08 Oct, 2015 12:00am
LATI elects office-bearers

LATI elects office-bearers

Zain Bashir, Mohsin Safder and Ather Ali Khan Durrani have been elected unopposed as President, Senior Vice President and Vice President of Landhi Association of Trade and Industry (LATI) for the term of 2015-16. Other have been elected as members of Exec
Published 08 Oct, 2015 12:00am
'Media can play vital role in highlighting bonded labour issue'

'Media can play vital role in highlighting bonded labour issue'

Speakers said the media could play a vital role in highlighting the issue of bonded labour in Sindh province. They were speaking on the occasion of one day training workshop "Role of Media in elimination of bonded labour" held at Hyderabad Press Club (HPC
Published 08 Oct, 2015 12:00am
Government urged to give rights to home-based women workers

Government urged to give rights to home-based women workers

Home-based Women Workers Federation (HBWWF) staged a peaceful rally in front of Hyderabad Press Club on Wednesday on the occasion of international decent work day and demanded of the government to ratify the convention 177 of international labour organisa
Published 08 Oct, 2015 12:00am
KATI demands ban on garbage dumping into Malir River

KATI demands ban on garbage dumping into Malir River

President of Korangi Association Trade and Industry (KATI), Zahid Saeed has demanded a complete ban on dumping of debris and garbage along Malir River bank and causeway that connects Korangi Industrial Area to the city. He urged the commissioner, administ
Published 08 Oct, 2015 12:00am
Pakistan to take part in Istanbul Fashion conference

Pakistan to take part in Istanbul Fashion conference

Twelve leading companies dealing in fabric are ready to participate in 8th Istanbul Fashion Conference and B2B meetings sponsored by DS-Concept, which will be held on October 14 and 15, 2015 in Istanbul, Turkey. Around 100 Turkish buyers are lined up. Tur
Published 08 Oct, 2015 12:00am
Youth empowerment: Punjab government taking historic measures: Shahbaz

Youth empowerment: Punjab government taking historic measures: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said that Punjab government is taking historic measures for youth empowerment to ensure a bright future of the country. He said that provision of resources for the welfare programmes of youth is useful investment.
Published 08 Oct, 2015 12:00am
Bank AL Habib launches auto finance scheme

Bank AL Habib launches auto finance scheme

Bank AL Habib Apni Car Auto Finance offers financing for new and used/imported vehicles through convenient payment plans. The facility features an easy procedure, quick processing, low mark-up & insurance rates, partial payment options, and fixed & floati
Published 08 Oct, 2015 12:00am
Turkmenistan team meets Khaqan Abbasi

Turkmenistan team meets Khaqan Abbasi

A delegation of Turkmenistan headed by Yagshygeldi Kakayev, Director of State Agency for Management and Hydrocarbon Resources of Turkmenistan, called on Federal Minister for Petroleum and Natural Resources, Shahid Khaqan Abbasi in Islamabad. The Minister
Published 08 Oct, 2015 12:00am
MCB Bank advises clients on imminent global economic turbulence

MCB Bank advises clients on imminent global economic turbulence

A seminar titled "Current Economic Turmoil - Risks and Opportunities" was held by MCB Bank Limited for its selective prestigious clientele on October 5, at its Head Office in Lahore. The seminar was an initiative by the bank to educate customers on the pe
Published 08 Oct, 2015 12:00am
Pakistan Post celebrating World Post Day on October 9

Pakistan Post celebrating World Post Day on October 9

World Post Day is celebrated every year on 9th October throughout the World. Pakistan Post is also celebrating World Post Day on 9th October 2015 which is the 141st anniversary of the founding of the Universal Postal Union.
Published 08 Oct, 2015 12:00am
Sarhadi elected chairman FCAG-KP unopposed

Sarhadi elected chairman FCAG-KP unopposed

Director, Pakistan Afghanistan Joint Chamber of Commerce and Industries, Zia-ul-Haq Sarhadi has been elected unopposed chairman of Frontier Customs Agents Group Khyber Pakhtunkhwa (FCAG-KP). Zia-ul-Haq Sarhadi was elected in a meeting of FCAG-KP held here
Published 08 Oct, 2015 12:00am
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