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Print - 2015-12-16
EU wheat hits near three-month low
Currency

EU wheat hits near three-month low

European wheat futures slipped to their lowest in nearly three months on Monday, as a higher euro and the prospect of export competition from Argentina reinforced bearish sentiment about large stocks. Prices later steadied, however, with help from a bounc
Published 16 Dec, 2015 12:00am
Karachi Port's activities

Karachi Port's activities

The Karachi Port handled 164,430 tonnes of cargo comprising 126,395 tonnes of import cargo and 38,035 tonnes of export cargo including 5,894 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 12
Published 16 Dec, 2015 12:00am
Cotton market: trading activity improves on short crop report
Cotton

Cotton market: trading activity improves on short crop report

Trading activity improved on the cotton market on Tuesday following the reports of fall in production, dealers said. The official spot rate was unchanged at Rs 5,250, dealers said. In Sindh, seed cotton prices were at Rs 2200 and Rs 2900 and in the Punjab
Published 16 Dec, 2015 12:00am
Lean business on grain market
Cotton

Lean business on grain market

Not much business activity was witnessed on the wholesale grain market on Tuesday in the process of trading, dealer said. On the cereals side, Gur low type was down by Rs 200 to Rs 5800 and the good quality was lower by Rs 300 to Rs 6200, they said.
Published 16 Dec, 2015 12:00am
Cotton falls for third straight session as buyers hold out
Cotton

Cotton falls for third straight session as buyers hold out

Cotton futures fell for the third straight session on Monday, touching nearly a two-week low as prices on the upper end of a recent trading range continued to deter buyers, who held out for further dips. "We were overbought and we're kind of regathering o
Published 16 Dec, 2015 12:00am
Shanghai copper drops

Shanghai copper drops

Shanghai Futures Exchange copper dropped by 1.2 percent to 35,620 yuan ($5,513) a tonne on Tuesday ahead of the Federal Reserve's crucial policy meeting this week, however, hopes for demand growth in top consumer China put a floor under prices. Prices hav
Published 16 Dec, 2015 12:00am
Copper descends

Copper descends

Copper hit a week low on Tuesday as the dollar rallied and investors feared the first US interest rate rise in nearly a decade could trigger a default among highly leveraged miners. The dollar firmed after data showed US inflation pressures rose in Novemb
Published 16 Dec, 2015 12:00am
Oil up three percent; covering support stops slide to 11-year low

Oil up three percent; covering support stops slide to 11-year low

Oil rose 3 percent on Tuesday as short-covering and technical support halted its slide to 11-year lows, but traders said the market remained fundamentally weak from oversupply and could be hit by a dollar rally ahead of an expected US interest rate hike.
Published 16 Dec, 2015 12:00am
Rubber extends losses

Rubber extends losses

Benchmark Tokyo rubber futures hit a two-week low on Tuesday, extending losses into a fourth straight session, as investors unwound long positions amid nagging worries about oversupply and on weaker commodity prices and slumping Tokyo equities. The Tokyo
Published 16 Dec, 2015 12:00am
Corn, soya and wheat surge
Currency

Corn, soya and wheat surge

US corn, soyabean and wheat futures firmed on Monday on a round of technical buying and short-covering after prices weakened late last week, traders said. But huge supplies and spotty demand for US supplies on the global market continued to hang over the
Published 16 Dec, 2015 12:00am
Palm oil posts biggest drop since September 30
Vegetable Oil

Palm oil posts biggest drop since September 30

Malaysian palm oil futures posted their sharpest fall in two-and-a-half months on Tuesday after cargo surveyor data showed little signs of improvement in exports. The February benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange ended ne
Published 16 Dec, 2015 12:00am
Sugar rises
Currency

Sugar rises

Raw sugar futures on ICE rallied 3 percent on Tuesday, supported by a recovery in oil and a forecast for a widening global deficit, while arabica coffee steadied along with top grower Brazil's currency. Cocoa prices fell, with the New York market pressure
Published 16 Dec, 2015 12:00am
Gold falls in New York

Gold falls in New York

Gold fell 1 percent on Monday ahead of a Federal Reserve policy meeting this week, which is expected to announce the first interest rate rise in nearly a decade. Investors have been cutting gold positions in anticipation of a rate increase and the metal h
Published 16 Dec, 2015 12:00am
Gold struggles in Asia

Gold struggles in Asia

Gold was hurting from overnight losses on Tuesday and the metal looked vulnerable to a drop back to multi-year lows on expectations of a US rate hike later this week. Gold has already slid 10 percent for the year, its third straight annual decline, in ant
Published 16 Dec, 2015 12:00am
Gold steadies in Europe

Gold steadies in Europe

Gold steadied on Tuesday, arresting the previous day's one percent slide ahead of this week's meeting of the US Federal Reserve, which is expected to raise interest rates for the first time in nearly a decade. Gold has fallen 10 percent this year, largely
Published 16 Dec, 2015 12:00am
Norway's oil investments seen falling further next year

Norway's oil investments seen falling further next year

Norway's oil and gas investments, a cornerstone of the country's economy, are set to fall more than previously predicted next year, due to a sharp decline in exploration spending, data from Statistics Norway (SSB) showed on Tuesday. Oil and gas firms have
Published 16 Dec, 2015 12:00am
South Sudan shifts to floating exchange rate
Currency

South Sudan shifts to floating exchange rate

South Sudan abandoned its official fixed exchange rate and moved to a floating rate on Tuesday, Finance Minister David Deng Athorbei said. The central bank had held onto a fixed official rate of 2.95 South Sudanese pounds per dollar even as the currency f
Published 16 Dec, 2015 12:00am
China's net FX selling at $34.3 billion in November
Currency

China's net FX selling at $34.3 billion in November

China's central bank and commercial banks sold a net 221.3 billion yuan ($34.3 billion) worth of foreign exchange in November, data showed on Tuesday, reversing October's net buying amid signs of intensifying capital outflows. The market expects the centr
Published 16 Dec, 2015 12:00am
Thai cabinet approves $2.77 billion infrastructure fund

Thai cabinet approves $2.77 billion infrastructure fund

Thailand's cabinet approved on Tuesday a plan to set up an infrastructure fund worth 100 billion baht ($2.77 billion), as the military government ramps up investment projects to help boost a sputtering economy. The army seized power in May 2014 to end mon
Published 16 Dec, 2015 12:00am
Thai cabinet approves $2.77 billion infrastructure fund

Thai cabinet approves $2.77 billion infrastructure fund

Thailand's cabinet approved on Tuesday a plan to set up an infrastructure fund worth 100 billion baht ($2.77 billion), as the military government ramps up investment projects to help boost a sputtering economy. The army seized power in May 2014 to end mon
Published 16 Dec, 2015 12:00am
British inflation turns positive

British inflation turns positive

Britain's annual inflation rate rebounded slightly in November after two months in negative territory, aided by smaller-than-expected falls in the prices of alcoholic drinks, tobacco and transport. The 12-month Consumer Price Index (CPI) rose by 0.1 perce
Published 16 Dec, 2015 12:00am
Steadily firming US inflation supports Fed rate hike

Steadily firming US inflation supports Fed rate hike

Underlying US inflation pressures rose in November, which could give the Federal Reserve more confidence to raise interest rates on Wednesday, even as renewed weakness in gasoline prices kept overall consumer prices in check. The Labour Department said on
Published 16 Dec, 2015 12:00am
Mongolia's giant Oyu Tolgoi mine gets $4 billion financing

Mongolia's giant Oyu Tolgoi mine gets $4 billion financing

Anglo-Australian mining giant Rio Tinto secured a multi-billion deal Tuesday to finance a huge expansion of its giant but controversial Oyu Tolgoi mine in Mongolia, the focus of rising resource nationalism. Oyu Tolgoi signed the $4.4 billion deal in the M
Published 16 Dec, 2015 12:00am
Female billionaires on the rise thanks to Asian businesswomen

Female billionaires on the rise thanks to Asian businesswomen

The number of women among the world's billionaires has risen faster over the past two decades than that of men, mostly thanks to Asian female entrepreneurs, a study published Tuesday showed. There were 145 female billionaires in the world at the end of 20
Published 16 Dec, 2015 12:00am
Australia budget deficit blows out on commodity price hit

Australia budget deficit blows out on commodity price hit

Slumping commodity prices and lower tax receipts will see Australia's budget deficit balloon to Aus$37.4 billion (US $27.2 billion) this year, Treasurer Scott Morrison said Tuesday as he downgraded economic growth forecasts. Australia's resources-driven e
Published 16 Dec, 2015 12:00am
Fires cost Indonesia $16 billion, twice the tsunami bill: World Bank

Fires cost Indonesia $16 billion, twice the tsunami bill: World Bank

Indonesia's economy took a $16-billion hit this year from forest fires that cloaked Southeast Asia in haze, more than double the sum spent on rebuilding Aceh after the 2004 tsunami, the World Bank said Tuesday. The fires and resulting haze are an annual o
Published 16 Dec, 2015 12:00am
German investor sentiment robust at year-end

German investor sentiment robust at year-end

Investor sentiment in Germany is still on the increase, amid confidence that Europe's biggest economy is robust enough to withstand the refugee crisis and the economic slowdown in China, a leading survey said Tuesday. The investor confidence index calcula
Published 16 Dec, 2015 12:00am
Enel to sell Slovakia's top power company to Czechs

Enel to sell Slovakia's top power company to Czechs

Italian energy giant Enel plans to sell its 66-percent stake in Slovakia's top power company Slovenske elektrarne (SE) to Prague-based energy group EPH, following a deal confirmed by company officials Tuesday. "I can confirm we have reached agreement with
Published 16 Dec, 2015 12:00am
African Development Bank approves $1.5 billion loan to Egypt

African Development Bank approves $1.5 billion loan to Egypt

The African Development Bank (AfDB) has approved a $1.5 billion loan to Egypt to be paid out over three years, International Cooperation Minister Sahar Nasr told Reuters on Tuesday. The first $500 million of the loan will arrive within days, said Nasr, an
Published 16 Dec, 2015 12:00am
Russia issues first national payment card

Russia issues first national payment card

Russian banks on Tuesday began to issue the first national payment card as an alternative to Visa and Mastercard, an idea championed after Western sanctions left some consumers unable to make card purchases. The "Mir" card - a name that could be translate
Published 16 Dec, 2015 12:00am
Tokyo stocks fall

Tokyo stocks fall

Tokyo stocks fell Tuesday as investors booked profits before a US Federal Reserve meeting at which policymakers will decide whether to announce a long-awaited interest rate rise. The US central bank is expected to give the go-ahead to a small increase in
Published 16 Dec, 2015 12:00am
Tuesday's early trade: stocks up as oil recovers; Fed in focus

Tuesday's early trade: stocks up as oil recovers; Fed in focus

Wall Street was on track for a second day of gains on Tuesday as energy stocks rose in tandem with recovering oil prices, and a day before a widely expected interest-rate hike by the Federal Reserve in nearly a decade. Traders see an 83 percent chance of
Published 16 Dec, 2015 12:00am
Wall Street closes higher as crude steadies

Wall Street closes higher as crude steadies

US stocks recovered from early losses on Monday to close higher, helped by firmer oil prices, as investors awaited an expected Federal Reserve interest rate hike later in the week. The S&P 500 benchmark index rallied in the afternoon after falling earlier
Published 16 Dec, 2015 12:00am
Sri Lankan shares recover

Sri Lankan shares recover

The Sri Lankan share index recovered on Tuesday from its lowest close in more than eight months hit in the previous session led by bluechips and large-cap stocks, despite foreign investors staying away ahead of an interest rate decision by the US Federal
Published 16 Dec, 2015 12:00am
US bond prices down

US bond prices down

Prices of US Treasuries were down slightly in choppy trading on Monday as traders awaited a possible interest rate increase by the Federal Reserve this week that would be the first in more than nine years. The Fed's policy setting group, the Federal Open
Published 16 Dec, 2015 12:00am
US bond prices down

US bond prices down

Prices of US Treasuries were down slightly in choppy trading on Monday as traders awaited a possible interest rate increase by the Federal Reserve this week that would be the first in more than nine years. The Fed's policy setting group, the Federal Open
Published 16 Dec, 2015 12:00am
Indian shares end higher

Indian shares end higher

Indian shares rose on Tuesday led by gains in oil explorers such as Reliance Industries, tracking a rise in crude oil prices after a slump to near 11-year lows in the previous session triggered investors' buying appetite. The broader NSE index ended 0.66
Published 16 Dec, 2015 12:00am
Hong Kong's main index remains lower

Hong Kong's main index remains lower

Hong Kong's benchmark stock index fell on Tuesday for the ninth session in a row, but the decline was limited by bets that investors would return to riskier assets if the US Federal Reserve ends uncertainty over its monetary policies later this week. Pres
Published 16 Dec, 2015 12:00am
China stocks dip

China stocks dip

China stocks ended slightly lower on Tuesday, with a correction in banking and resource shares countering a surge in property firms that was triggered by hopes of more support measures for the real estate market. The CSI300 index of the largest listed com
Published 16 Dec, 2015 12:00am
Commodities stocks help European equities to end sharply higher

Commodities stocks help European equities to end sharply higher

European equities bounced back on Tuesday from sharp declines in the previous two sessions as energy stocks tracked higher crude oil prices and steel makers gained following a European Commission move on Chinese and Russian steel imports. The STOXX Europe
Published 16 Dec, 2015 12:00am
Australian shares fall

Australian shares fall

Australian shares gave up early gains to hit a 2-1/2-year low led by a late sell-off in banks and resources shares after the government forecast its budget deficit would swell to A$37.4 billion ($27.1 billion) in the year to June. The deficit for 2015/16
Published 16 Dec, 2015 12:00am
Southeast Asian stocks mixed

Southeast Asian stocks mixed

Most Southeast Asian stock markets rebounded on Tuesday, with the Thai key index posting its best gain in three-and-a-half months on rallying telecoms shares while late buying in large caps helped the Indonesian benchmark snap a two-day losing streak. Tha
Published 16 Dec, 2015 12:00am
FTSE posts biggest one-day gain in over two months

FTSE posts biggest one-day gain in over two months

Britain's top share index rose on Tuesday after eight straight sessions of falls, with supermarkets, commodity stocks and firms with South African exposure among the companies rebounding from recent weakness. Britain's FTSE 100 was up 2.5 percent at 6,017
Published 16 Dec, 2015 12:00am
Aussie, kiwi soar

Aussie, kiwi soar

The New Zealand dollar climbed to seven-week highs on Tuesday as investors pared short positions ahead of a dairy auction later in the session, while the Australian dollar bounced off three-week lows. The New Zealand dollar rose as far as $0.6795, its hig
Published 16 Dec, 2015 12:00am
Dollar little changed versus euro, yen in Asia
Currency

Dollar little changed versus euro, yen in Asia

The dollar was little changed versus the yen and euro on Tuesday following a recent wave of selling, taking its cue from calmer oil prices and steadier equity markets. But the US currency remained vulnerable to any surprise from a two-day US central bank
Published 16 Dec, 2015 12:00am
Early trade in New York: dollar gains versus euro

Early trade in New York: dollar gains versus euro

The US dollar rebounded from a roughly six-week low against the euro on Tuesday after data showed inflation pressures rose in the United States in November, cementing expectations for a hike in interest rates by the Federal Reserve on Wednesday. The euro
Published 16 Dec, 2015 12:00am
Dollar gains in New York
Currency

Dollar gains in New York

The dollar edged higher on Monday, helped by a recovery in oil, although nervousness about what the Federal Reserve will say in its post-meeting statement after a widely expected rate hike limited the greenback's upside. The rebound in US crude oil in the
Published 16 Dec, 2015 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 78.75-78.75 (previous 78.80-78.87). 01.50-04.50 percent (* Previous 01.25-04.50 percent). (* Revised).
Published 16 Dec, 2015 12:00am
Egyptian pound steady
Currency

Egyptian pound steady

The Egyptian pound held steady at an official foreign currency auction on Tuesday and weakened slightly on the black market. Egypt, which depends on imported food and energy, is facing a dollar shortage and mounting pressure to devalue the pound. The cent
Published 16 Dec, 2015 12:00am
Most emerging Asian currencies move up
Currency

Most emerging Asian currencies move up

Most emerging Asian currencies edged higher on Tuesday as a plunge in oil prices paused and the dollar broadly slid, although gains remain fragile ahead of a long-anticipated US interest rate hike this week. China's yuan hit a fresh 4-1/2-year low, limiti
Published 16 Dec, 2015 12:00am
Sri Lankan rupee falls to record low
Currency

Sri Lankan rupee falls to record low

The Sri Lankan rupee ended at an all-time low on Tuesday for a third straight session on thin dollar buying by importers as seasonal imports ahead of Christmas weighed on the local currency, dealers said. Trading was dull due to a banking sector protest a
Published 16 Dec, 2015 12:00am
Sterling dips against dollar
Currency

Sterling dips against dollar

Monthly inflation at zero, rather than a forecast -0.1 percent, was not enough to boost sterling as the Federal Reserve began a meeting that is widely expected to raise US interest rates for the first time in almost a decade. The pound wavered after the N
Published 16 Dec, 2015 12:00am
Yuan weakens
Currency

Yuan weakens

China's yuan closed weaker against the dollar on Tuesday after the central bank again set the midpoint at its lowest level in more than four years, and traders anticipated the currency will fall further. "The yuan was trading narrowly intraday, as the aut
Published 16 Dec, 2015 12:00am
Dhoni, McCullum fetch million dollar deals in IPL draft

Dhoni, McCullum fetch million dollar deals in IPL draft

Indian and New Zealand skippers Mahendra Singh Dhoni and Brendon McCullum were drafted for more than one million dollars into new cricket teams on Tuesday for the Indian Premier League following a graft scandal. A new team from the western city of Pune pa
Published 16 Dec, 2015 12:00am
Gayle forced to defend Test absence Down Under

Gayle forced to defend Test absence Down Under

Former West Indies captain Chris Gayle is hopeful he can return to Test cricket next year but said he was simply not fit enough to take part in the ongoing series against Australia. The explosive opener arrived in Australia to play in the domestic Twenty2
Published 16 Dec, 2015 12:00am
Leicester return to summit as Chelsea woes continue

Leicester return to summit as Chelsea woes continue

Sublime goals from Jamie Vardy and Riyad Mahrez sent Leicester City back to the Premier League summit after a deserved 2-1 win on Monday over lacklustre Chelsea whose march to the title last season seems a distant memory. The prolific Vardy, whose record
Published 16 Dec, 2015 12:00am
Sierra Leone rejects FIFA demand to reinstate association

Sierra Leone rejects FIFA demand to reinstate association

Sierra Leone has rejected demands by FIFA to reinstate its dissolved football association, cautioning the world governing body on Tuesday to "respect national laws". FIFA has given the west African nation until Wednesday to comply with the directive or ri
Published 16 Dec, 2015 12:00am
Barcelona better than ever, says Messi

Barcelona better than ever, says Messi

Lionel Messi believes the current Barcelona side has more weapons than Pep Guardiola's 2009 world-beaters and wants to prove it by winning a record third Club World Cup. The Spanish giants, who have captured the Champions League, Spain's La Liga, the Copa
Published 16 Dec, 2015 12:00am
Williamson moves up to third spot in ICC rankings

Williamson moves up to third spot in ICC rankings

Kane Williamson is now just two steps away from the top spot in the ICC Player Rankings for Test Batsmen, which were released on Tuesday by International Cricket Council (ICC) after the conclusion of the Dunedin and Hobart Tests. Williamson has earned the
Published 16 Dec, 2015 12:00am
Australia schedules more pink ball matches

Australia schedules more pink ball matches

Flushed with the success of the inaugural day-night Test match, Cricket Australia has further embraced the innovation by scheduling another pink ball round of four-day Sheffield Shield matches for mid-February. More than 123,000 fans passed through the ga
Published 16 Dec, 2015 12:00am
Serena named Sportsperson of 2015

Serena named Sportsperson of 2015

Serena Williams, who owned the tennis world this year even as she battled illness and injury, was named sportsperson of 2015 on Monday by Sports Illustrated. The magazine said it was honouring the 34-year-old icon both for her positively stunning numbers
Published 16 Dec, 2015 12:00am
New Zealand pace duo rested, Nicholls gets call-up

New Zealand pace duo rested, Nicholls gets call-up

Uncapped batsman Henry Nicholls has been called into New Zealand's one-day squad for the start of the five-match series against Sri Lanka, while pace duo Trent Boult and Tim Southee have been rested. Canterbury lefthander Nicholls was included in the 14-m
Published 16 Dec, 2015 12:00am
Los Angeles shuts public schools over 'credible' threat

Los Angeles shuts public schools over 'credible' threat

The city of Los Angeles shut down all public schools on Tuesday after receiving a "credible" electronic threat targeting the country's second-largest education district and its 640,000 students. Ramon Cortines, the superintendent of Los Angeles schools, s
Published 16 Dec, 2015 12:00am
Prince Charles sent sensitive UK government papers

Prince Charles sent sensitive UK government papers

Britain's heir to the throne Prince Charles is sent papers from confidential meetings of Prime Minister David Cameron's inner circle of ministers, the Guardian newspaper reported Tuesday. The revelation, which emerged after a three-year campaign, raises f
Published 16 Dec, 2015 12:00am
Typhoon kills 4 in Philippines, cuts power

Typhoon kills 4 in Philippines, cuts power

Tattered lanterns, festive lights and tin roofs littered towns in the central Philippines on Tuesday after Typhoon Melor swept through, killing at least four people and leaving millions without power ahead of Christmas. Distraught survivors surveyed their
Published 16 Dec, 2015 12:00am
IAEA board 'closes' Iran nuclear bomb probe

IAEA board 'closes' Iran nuclear bomb probe

The UN atomic watchdog's board Tuesday drew a line under a long-running probe into Iran's past efforts to develop nuclear weapons, removing an important obstacle to implementing July's landmark deal with big powers. A resolution approved by the Internatio
Published 16 Dec, 2015 12:00am
34 dead in suspected Russia raids on two Syria markets

34 dead in suspected Russia raids on two Syria markets

At least 34 civilians were killed on Tuesday in suspected Russian air strikes on two markets in northern Syyria, a monitoring group said. The raids killed 16 civilians at a market for fuel in Idlib province, the Syrian Observatory for Human Rights said. A
Published 16 Dec, 2015 12:00am
Arctic air temps highest since 1900

Arctic air temps highest since 1900

The Arctic is heating up, with air temperatures the hottest in 115 years, and the melting ice destroying walrus habitat and forcing some fish northward, a global scientific report said Tuesday. Air temperature anomalies over land were 2.3 degrees Fahrenhe
Published 16 Dec, 2015 12:00am
British astronaut travels to ISS as country cheers debut trip

British astronaut travels to ISS as country cheers debut trip

Tim Peake, the first British astronaut to travel to the International Space Station, blasted off on Tuesday from the Baikonur cosmodrome with two other spacemen, to cheers and excitement back home. eake, 43, joins Russian space veteran Yury Malenchenko an
Published 16 Dec, 2015 12:00am
South Korean tycoon jailed for fraud, tax evasion

South Korean tycoon jailed for fraud, tax evasion

Ailing South Korean business tycoon Lee Jay-Hyun was sentenced to two and a half years in prison Tuesday, following a court review of his trial on charges ranging from embezzlement to tax evasion. Lee, the head of the South Korean food and entertainment g
Published 16 Dec, 2015 12:00am
Bomb blast kills three in Turkey

Bomb blast kills three in Turkey

A roadside bomb ripped through an armoured vehicle and killed three policemen in south-east Turkey on Tuesday, hours after Ankara pledged to prevent Kurdish militants from "spreading the fire" from Syria and Iraq into the country. Five police officers wer
Published 16 Dec, 2015 12:00am
US defence chief urges more anti-IS action from Turkey

US defence chief urges more anti-IS action from Turkey

US Defence Secretary Ashton Carter on Tuesday visited the Turkish air base near Syria that has become a key hub for American-led air raids against Islamic State jihadists, urging Ankara to play a more active role in the coalition. Turkey earlier this year
Published 16 Dec, 2015 12:00am
TAPI pipeline to help overcome 70 percent gas shortfall: Abbasi

TAPI pipeline to help overcome 70 percent gas shortfall: Abbasi

Federal Minister for Petroleum and Natural Resources, Shahid Khaqan Abbasi, has said that the Turkmenistan- Afghanistan-Pakistan-India (TAPI) pipeline project will bring 3.2 Billion Cubic Feet Gas per Day (BCFD) of gas to energy deficit nations and it wou
Published 16 Dec, 2015 12:00am
Babar calls for appointment of civilian as NSA

Babar calls for appointment of civilian as NSA

Senator Farhatullah Babar Tuesday called for the appointment of a civilian as national security advisor instead of a recently retired lieutenant general, saying an important position in a democratic set-p should reflect the civilian government's prioritie
Published 16 Dec, 2015 12:00am
Meezan Bank Limited

Meezan Bank Limited

Meezan Bank Limited (KSE: MEBL) is the pioneer when it comes to Islamic banking and finance in Pakistan. On top of being the largest provider of Islamic banking services in the country, Meezan's growth in recent years trumps that of most conventional bank
Published 16 Dec, 2015 12:00am
Meezan Bank Limited

Meezan Bank Limited

Meezan Bank Limited (KSE: MEBL) is the pioneer when it comes to Islamic banking and finance in Pakistan. On top of being the largest provider of Islamic banking services in the country, Meezan's growth in recent years trumps that of most conventional bank
Published 16 Dec, 2015 12:00am
Japan grants Rs 9.2 million to Sukkur Blood & Drug Donating Society

Japan grants Rs 9.2 million to Sukkur Blood & Drug Donating Society

The government of Japan extended a grant of $90,514 (approximately Rs 9.2 million) to Sukkur Blood and Drug Donating Society for "The Project for the Provision of Medical Equipment for Mother and Child Health Care to Sukkur Hospital in Sukkur" under its G
Published 16 Dec, 2015 12:00am
SBP Governor unveils 'Access to Finance Survey 2015' results

SBP Governor unveils 'Access to Finance Survey 2015' results

State Bank of Pakistan (SBP) has launched 'Access to Finance (A2F) Survey 2015' results on Tuesday, in Karachi. Governor SBP Ashraf Mahmood Wathra while speaking at the launching ceremony said 'A2F is part of the National Financial Inclusion vision as it
Published 16 Dec, 2015 12:00am
Shujaat greets office-holders of EMRA

Shujaat greets office-holders of EMRA

Leaders of the Pakistan Muslim League-Quaid-e-Azam have congratulated newly elected office-holders of the Electronic Media Reporters Association (EMRA). The leaders were party President Chaudhry Shujat Hussain and senior leaders Chaudhry Parvez Elahi and
Published 16 Dec, 2015 12:00am
Renovated complex of Defence Central Library inaugurated

Renovated complex of Defence Central Library inaugurated

Administrator Defence Housing Authority (DHA) Brigadier Zubair Ahmed has inaugurated newly renovated library complex of Defence Central Library, here on Tuesday. Addressing the inauguration ceremony, Brigadier Zubair said DHA always gave importance to dis
Published 16 Dec, 2015 12:00am
Privatisation of PIA: JACPIAE threatens to suspend operations

Privatisation of PIA: JACPIAE threatens to suspend operations

The Joint Action Committee of PIA Employees (JACPIAE) on Tuesday threatened to suspend all operations for 24 hours, if the management did not annul its privatisation plan. The committee announced to stage a protest on daily basis till the acceptance of it
Published 16 Dec, 2015 12:00am
Kinnow production likely to fall 15 percent this season

Kinnow production likely to fall 15 percent this season

Domestic Kinnow production is expected to fall 15 percent to 1.65 million tons during this season due the climatic hazards and unfavourable weather conditions. Although, Pakistan has started Kinnow exports from December 1, 2015; however significant drop i
Published 16 Dec, 2015 12:00am
JPMC arranges symposium on 'Ethics in Pharma Industry'

JPMC arranges symposium on 'Ethics in Pharma Industry'

'Government must ensure that we have the checks and balances for the provision of quality medicines to the patients'. Chairman of the Pharma Bureau Arshad Hussain said this while addressing the medical symposium of JPMC on "Ethics in The Pharma and Health
Published 16 Dec, 2015 12:00am
Ajman Free Zone Authority opens office in Karachi

Ajman Free Zone Authority opens office in Karachi

Ajman Free Zone Authority has established its official presence in Pakistan by opening an office in Karachi. The new office is in line with Ajman Free Zone's global expansion plan after the opening of offices in India, Dubai and Manchester. Emirates Expre
Published 16 Dec, 2015 12:00am
Attack on military police: sketches of suspected terrorist released

Attack on military police: sketches of suspected terrorist released

In a latest development in probe of attack on military police in Karachi, the investigation team has released two sketches of a suspected terrorist on Tuesday. According to sources, the two suspects were seen in Lines Area half hour before the attack on m
Published 16 Dec, 2015 12:00am
KCCI President inaugurates Build Asia exhibition

KCCI President inaugurates Build Asia exhibition

Karachi Chamber of Commerce and Industry (KCCI) President Younas M Bashir on Tuesday inaugurated '11th Build Asia - International Building & Construction Industry Exhibition' here at the Expo Centre. Speaking at the event, he said that the construction in
Published 16 Dec, 2015 12:00am
SECP takes initiative to suggest reforms in Partnership Act 1932

SECP takes initiative to suggest reforms in Partnership Act 1932

The Securities and Exchange Commission of Pakistan (SECP) as a part of its initiative to review the corporate laws administered by it has taken a lead also to suggest reforms to the Partnership Act, 1932 (Act). The Chairman SECP Zafar Hijazi for the purpo
Published 16 Dec, 2015 12:00am
Government yet to implement civil service reforms

Government yet to implement civil service reforms

Pakistan Muslim League-Nawaz (PML-N) government could not implement the civil services reforms, proposed by Ministry of Planning, Development and Reforms. A comprehensive draft of recommendations had been jointly prepared by the Establishment Division (ED
Published 16 Dec, 2015 12:00am
Sugarcane prices may be deregulated from next year

Sugarcane prices may be deregulated from next year

The federal government is likely to deregulate sugarcane prices from next year after approval of the cabinet and due consultation with the provinces, well informed sources told Business Recorder. The issue was discussed by the Economic Co-ordinatio
Published 16 Dec, 2015 12:00am
Ayyan plea: customs officials to respond till December 22

Ayyan plea: customs officials to respond till December 22

Customs officials have received a December 22 deadline to respond to a criminal revision filed by 23-year-old supermodel Ayyan Ali challenging her indictment in a money laundering case. On Tuesday, the supermodel's counsel appearing in the Lahore High Cou
Published 16 Dec, 2015 12:00am
Rangers: Khuhro to move resolution today

Rangers: Khuhro to move resolution today

Sindh Education Minister Nisar Khuhro has announced to move a resolution regarding Rangers' extension in stay and policing powers on Wednesday. The minister vowed to present the much awaited and talked about resolution tomorrow (Wednesday). He made an app
Published 16 Dec, 2015 12:00am
Pakistan, Tajikistan hold talks on Air Services agreement

Pakistan, Tajikistan hold talks on Air Services agreement

The delegations of Republic Of Tajikistan and Pakistan met in Islamabad on Tuesday to discuss matters pertaining to Bilateral Air Services Agreement (ASA) between the two countries. Tajikistan delegation informed that they wish to start direct flights fro
Published 16 Dec, 2015 12:00am
Call to end cruelty against peasants in Sindh

Call to end cruelty against peasants in Sindh

Lawyers, rights activists and civil society members expressed concerns that despite existing peasant-related laws, the families of poor agricultures workforce are paying huge cost of negligence by the Sindh government. They pointed out that those daring f
Published 16 Dec, 2015 12:00am
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