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May 19, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-12-23
Cotton market: Prices sustain present levels on improved business
Cotton

Cotton market: Prices sustain present levels on improved business

Trading activity improved on the cotton market on Tuesday, which helped the rates to retain overnight gains, dealers said. The official spot rate was unchanged at Rs 5,250, dealers said. In Sindh, seed cotton prices were unchanged at Rs 2000 and Rs 3000 a
Published 23 Dec, 2015 12:00am
Grams' rates up on grain market
Cotton

Grams' rates up on grain market

Grams prices were higher on the wholesale grain market on Tuesday in the process of trading, dealer said. On the grams side, grams Australia No 1 picked up Rs 400 to Rs 9000, grams Australia Dall No 2 followed same pattern, picking up Rs 500 to Rs 10700,
Published 23 Dec, 2015 12:00am
Turkish lira steady before central bank rate decision

Turkish lira steady before central bank rate decision

The Turkish lira traded flat on Tuesday as investors held fire hours ahead of an interest rate decision seen as a test of the central bank's independence in setting policy in the face of government pressure for lower rates. Last week a Reuters poll found
Published 23 Dec, 2015 12:00am
Europe's bank rescue rules risk rebounding on governments

Europe's bank rescue rules risk rebounding on governments

New European Union rules on bank rescues, aimed at ending spectacular bailouts with public money, are already facing a political backlash on worries they may end up hurting small, unsophisticated investors. The EU's Bank Recovery and Resolution Directive,
Published 23 Dec, 2015 12:00am
Turkish central bank keeps rates on hold, in shock to market
Currency

Turkish central bank keeps rates on hold, in shock to market

Turkey's central bank left interest rates unchanged on Tuesday, a surprise move that reignited concern about political threats to its independence and put fresh pressure on the struggling lira currency. Analysts and investors have repeatedly called for a
Published 23 Dec, 2015 12:00am
Investors wary as Russian pipeline project splits EU

Investors wary as Russian pipeline project splits EU

Investors are wary of pouring money into a planned doubling of Gazprom's Nord Stream gas link to Germany, analysts said, amid doubts about regulatory approvals and deep political divisions. Since taps opened five years ago on the first pipeline from Russi
Published 23 Dec, 2015 12:00am
Consumer, business spending support US third-quarter growth

Consumer, business spending support US third-quarter growth

The US economy grew at a fairly healthy clip in the third quarter as strong consumer and business spending offset efforts by businesses to reduce an inventory glut, underscoring its resilience despite a raft of headwinds. Gross domestic product grew at a
Published 23 Dec, 2015 12:00am
Iran trims next year's budget plan 2.6 percent as oil price slumps

Iran trims next year's budget plan 2.6 percent as oil price slumps

Iran has drafted a state budget for next fiscal year that is 2.6 percent smaller than the plan for this year, as low oil prices put pressure on the country's finances. The budget for the year starting on March 20 has been tentatively set at 2,670 trillion
Published 23 Dec, 2015 12:00am
Brazil defaults hit2 1/2-year high as recession deepens

Brazil defaults hit2 1/2-year high as recession deepens

Bank loans overdue for at least 90 days in Brazil rose in November to their highest in two-and-a-half years, the central bank said on Tuesday, as the deepest recession in decades and rising credit costs strained borrowers' capacity to stay current on thei
Published 23 Dec, 2015 12:00am
Airlines make record profits in 2015

Airlines make record profits in 2015

The world's airlines are expected to post a collective record $60 billion in profits this year, according to preliminary figures released by the the UN aviation agency on Tuesday. Final figures will be released in July 2016. The International Civil Aviati
Published 23 Dec, 2015 12:00am
Airlines make record profits in 2015

Airlines make record profits in 2015

The world's airlines are expected to post a collective record $60 billion in profits this year, according to preliminary figures released by the the UN aviation agency on Tuesday. Final figures will be released in July 2016. The International Civil Aviati
Published 23 Dec, 2015 12:00am
Creditors hand Greece 1 billion euros

Creditors hand Greece 1 billion euros

Greece's international creditors on Tuesday handed over a payment of 1.0 billion euros under the terms of its third bailout programme after Athens met their demands for further tough economic reforms. The European Stability Mechanism, the 19-nation eurozo
Published 23 Dec, 2015 12:00am
Creditors hand Greece 1 billion euros

Creditors hand Greece 1 billion euros

Greece's international creditors on Tuesday handed over a payment of 1.0 billion euros under the terms of its third bailout programme after Athens met their demands for further tough economic reforms. The European Stability Mechanism, the 19-nation eurozo
Published 23 Dec, 2015 12:00am
Markets rebound; Saudi budget expected next week

Markets rebound; Saudi budget expected next week

Middle Eastern stocks rose on Tuesday as oil prices and global equities firmed slightly, and because of expectations that Saudi Arabia's state budget would be announced next Monday. Investors had been expecting the Saudi budget release this week but Saudi
Published 23 Dec, 2015 12:00am
TSX little changed as energy drag offsets gold producers

TSX little changed as energy drag offsets gold producers

Canada's main stock index was little changed on Monday as energy stocks gave up early gains but investors scooped up shares in safe-haven sectors such as consumer staples and healthcare, while gold producers climbed. Transcanada Corp was among the day's b
Published 23 Dec, 2015 12:00am
Early Trade in New York: Wall Street higher as crude edges up

Early Trade in New York: Wall Street higher as crude edges up

Wall Street was higher on Tuesday morning as crude oil prices recovered from multi-year lows and data showed that the US economy grew at a healthy clip in the third quarter. Brent crude rose slightly a day after it slid to its lowest since mid-2004, but g
Published 23 Dec, 2015 12:00am
Obamacare, tech stocks boost Wall Street

Obamacare, tech stocks boost Wall Street

US stocks ended stronger on Monday, helped by bounces in Apple and Microsoft as well as a rally in hospital stocks after more Americans signed up for subsidized health insurance. Shares of Apple Inc, under pressure in December over concerns that iPhone sa
Published 23 Dec, 2015 12:00am
Most yields little changed on caution ahead of year-end

Most yields little changed on caution ahead of year-end

US long-dated Treasury yields edged higher on Monday after US crude oil prices stabilized somewhat, leading to a marginal rise in inflation expectations, while other Treasury yields were little changed on caution ahead of year-end. US crude prices settled
Published 23 Dec, 2015 12:00am
Most yields little changed on caution ahead of year-end

Most yields little changed on caution ahead of year-end

US long-dated Treasury yields edged higher on Monday after US crude oil prices stabilized somewhat, leading to a marginal rise in inflation expectations, while other Treasury yields were little changed on caution ahead of year-end. US crude prices settled
Published 23 Dec, 2015 12:00am
Indian stocks end lower, IT stocks lead fall

Indian stocks end lower, IT stocks lead fall

Indian stocks closed lower on Tuesday, weighed down by IT stocks as sentiment turned cautious in a holiday-shortened week. The broader NSE index fell 0.62 percent, while the benchmark BSE index slipped 0.56 percent. Local markets will be shut on Friday fo
Published 23 Dec, 2015 12:00am
Nikkei edges down in directionless trade ahead of national holiday

Nikkei edges down in directionless trade ahead of national holiday

Japanese stocks were flat in thin, directionless trade on Tuesday as many investors sat on the sidelines ahead of the market's closure for a national holiday on Wednesday. The Nikkei share average edged down by 0.2 percent to 18,886.70. The Topix subindex
Published 23 Dec, 2015 12:00am
Hong Kong shares little changed ahead of Christmas break

Hong Kong shares little changed ahead of Christmas break

Hong Kong stocks were little changed on Tuesday as trading activities started to wind down for the Christmas holiday break. The Hang Seng index rose 0.2 percent, to 21,830.02, while the China Enterprises Index lost 0.2 percent, to 9,731.53 points. The mar
Published 23 Dec, 2015 12:00am
China's blue-chip index hits fresh four-month high on reform hopes

China's blue-chip index hits fresh four-month high on reform hopes

China stocks reversed initial losses and ended Tuesday slightly higher, with a resurgence in property shares helping to push the blue-chip CSI300 index to a fresh four-month high. The CSI300 index edged up 0.3 percent, to 3,876.73, while the Shanghai Comp
Published 23 Dec, 2015 12:00am
Australia shares inch up, New Zealand at record high

Australia shares inch up, New Zealand at record high

Australian shares nudged up 0.1 percent on Tuesday, buoyed by gains in industrials and healthcare stocks. The S&P/ASX 200 index rose to 5,116.7 at the close of trade in the fifth consecutive session of gains. The benchmark has rallied nearly 2 percent sin
Published 23 Dec, 2015 12:00am
European shares edge up on bid activity, energy stocks

European shares edge up on bid activity, energy stocks

Firmer energy stocks and takeover activity helped European shares to edge higher on Tuesday, recovering some ground following a retreat in the previous session prompted by worries over political stalemate in Spain. Trading was volatile as the holiday seas
Published 23 Dec, 2015 12:00am
Dollar steadies against euro, US data awaited for cues
Currency

Dollar steadies against euro, US data awaited for cues

The dollar steadied against the euro on Tuesday after dipping against the common currency on an inconclusive Spanish election result, while traders looked ahead to US data for direction. The euro was steady at $1.0914, having risen about 0.4 percent overn
Published 23 Dec, 2015 12:00am
Dollar steadies versus euro, yen in thin trade
Currency

Dollar steadies versus euro, yen in thin trade

The Australian and New Zealand dollars were the only big movers on major currency markets on Tuesday, buoyed by steadier oil prices and hopes of more official action to support growth in China. The euro and yen gained ground against the dollar but, along
Published 23 Dec, 2015 12:00am
Early trade in New York: Dollar falls on weaker US data
Currency

Early trade in New York: Dollar falls on weaker US data

The dollar slipped against a basket of currencies on Tuesday as traders booked profit-taking on bullish greenback bets following the Federal Reserve's interest rate increase last week and a steep drop in existing home sales in November. Commodity-linked c
Published 23 Dec, 2015 12:00am
Dollar falls as euro rises after Spanish election
Currency

Dollar falls as euro rises after Spanish election

The dollar weakened against a basket of currencies in thin trading on Monday as the euro strengthened in the wake of an inconclusive Spanish election result that may increase unease over the country financial stability. With the historic US rate liftoff i
Published 23 Dec, 2015 12:00am
Bangladesh inter bank forex, interest rates

Bangladesh inter bank forex, interest rates

Inter bank buy/sell rates for the taka against the dollar on Tuesday. 78.60-78.63 (previous 78.65-78.68). 02.00-04.50 percent (Previous 01.50-04.50 percent).
Published 23 Dec, 2015 12:00am
Rupiah hits one-month high, Asia FX mostly firmer
Currency

Rupiah hits one-month high, Asia FX mostly firmer

The Indonesian rupiah hit a one-month high versus the dollar on Tuesday, building on the momentum it gained after breaching key technical resistance earlier this week. The rupiah has risen for four straight days, gaining some respite after the US Federal
Published 23 Dec, 2015 12:00am
Sri Lankan rupee ends steady in lacklustre trade
Currency

Sri Lankan rupee ends steady in lacklustre trade

The Sri Lankan rupee ended steady on Tuesday amid thin trade as many investors stayed away in a holiday-shortened week, currency dealers said. The markets will be closed on Thursday for a Buddhist religious holiday and Friday for Christmas. The rupee clos
Published 23 Dec, 2015 12:00am
Canadian dollar weakens even as US crude stabilizes
Currency

Canadian dollar weakens even as US crude stabilizes

The Canadian dollar weakened slightly against the greenback on Monday with a lack of liquidity and last week's significant decline leading to a tight trading range. The Canadian dollar has lost about 20 percent for 2015 so far, putting it on track for its
Published 23 Dec, 2015 12:00am
Yuan firms with midpoint as China pledges support to economy
Currency

Yuan firms with midpoint as China pledges support to economy

China's yuan firmed against the dollar on Tuesday, in line with the central bank's slightly stronger midpoint after Beijing pledged more policies and reforms in 2016 to support a slowing economy. "Trading was tepid due to the Christmas holiday," said a tr
Published 23 Dec, 2015 12:00am
Copper slips off five-week peak as China growth worries persist

Copper slips off five-week peak as China growth worries persist

Copper fell on Tuesday as traders were reluctant to try to push the metal above Monday's five-week peak given slowing economic growth in China. Losses were limited, however, by signs of shrinking supply and as China pledged new policy support for 2016. Ch
Published 23 Dec, 2015 12:00am
Oil prices rebound off 11-year lows, bearish outlook caps gains

Oil prices rebound off 11-year lows, bearish outlook caps gains

Oil prices edged up off 11-year lows on Tuesday, though a bearish outlook for 2016 and weaker profits for refining oil products kept a lid on gains. Brent crude for January delivery touched $36.05 a barrel earlier in the day, a penny above a July 2004 low
Published 23 Dec, 2015 12:00am
Tokyo rubber inches up

Tokyo rubber inches up

New benchmark Tokyo rubber futures inched higher on Tuesday and hit a fresh one-week high on firmer Shanghai futures and higher oil prices, but trade was thin ahead of a Japanese holiday on Wednesday, dealers said. The new Tokyo Commodity Exchange rubber
Published 23 Dec, 2015 12:00am
EU wheat slips as export competition intensifies
Currency

EU wheat slips as export competition intensifies

European wheat futures dipped on Tuesday, equalling a recent 3 month low, weighed down by high stocks and the prospect of more competition from export rivals Russia and Argentina. March wheat futures in Paris were down 0.50 euros, or 0.4 percent, at 174.2
Published 23 Dec, 2015 12:00am
Sugar steadies as Brazil crop data digested; arabica firms
Currency

Sugar steadies as Brazil crop data digested; arabica firms

Raw sugar futures on ICE steadied in thin pre-holiday dealings on Tuesday as traders took stock of Brazilian cane crush data, which was broadly in line with expectations. Cocoa dipped, trading near six-week lows on technically driven selling, while coffee
Published 23 Dec, 2015 12:00am
Gold keeps gains from two-day rally

Gold keeps gains from two-day rally

Gold retained gains from a two-day rally on Tuesday, supported by a slide in the dollar, although a slump in oil prices and uncertainty over the pace of future US interest rate hikes capped the metal's advance. While prices drew support from a big rise in
Published 23 Dec, 2015 12:00am
Gold steadies after two-day rally as dollar retreats

Gold steadies after two-day rally as dollar retreats

Gold held near $1,080 an ounce on Tuesday after a two-day rally, benefiting from a retreat in the dollar, though uncertainty over the pace of US interest rate increases capped the gains. The metal has risen around 3 percent since touching its lowest in al
Published 23 Dec, 2015 12:00am
Soybeans lower on profit-taking after two-week high

Soybeans lower on profit-taking after two-week high

US soybean futures weakened on Monday as investors locked in profits after prices earlier in the session jumped to the highest levels in two weeks, traders said. Prices remained underpinned by worries that dry conditions in top producer Brazil could limit
Published 23 Dec, 2015 12:00am
Vietnam Coffee: Rain prevents drying; output seen up seven percent

Vietnam Coffee: Rain prevents drying; output seen up seven percent

Unseasonal rain in recent days has slowed Vietnam's coffee harvest, while premiums of the country's robusta beans widened this week as more beans arrived at the market, traders said on Tuesday. The world's largest robusta producer has completed about two
Published 23 Dec, 2015 12:00am
Three-match bans for West Brom pair McClean and Rondon

Three-match bans for West Brom pair McClean and Rondon

West Bromwich Albion forwards James McClean and Salomon Rondon have been suspended for three matches by the FA, the club said on Tuesday. The pair were sent off during Saturday's 2-1 home defeat by Bournemouth in the Premier League, Irish international Mc
Published 23 Dec, 2015 12:00am
Wapda T-12 Schools Cricket Tournament begins

Wapda T-12 Schools Cricket Tournament begins

Water and Power Development Authority (Wapda) T-12 School Cricket Tournament began here Tuesday at Wapda Sports Complex under the aegis of Wapda Sports Board (WSB). Pakistan Cricket Board Chairman Shaharyar M. Khan was the chief guest of the inaugural cer
Published 23 Dec, 2015 12:00am
Younis Khan asks PCB to channelize PSL funds to domestic cricket

Younis Khan asks PCB to channelize PSL funds to domestic cricket

Former Pakistan captain Younis Khan urged the Pakistan Cricket Board to focus on channelising funds from the Pakistan Super League to domestic cricket. "We should be in a situation where a domestic player is able to earn at least 40,000 to 50,000 rupees p
Published 23 Dec, 2015 12:00am
Six wickets for Moeen Ali as England win warm-up game

Six wickets for Moeen Ali as England win warm-up game

Moeen Ali took six wickets as England cruised to a comfortable innings and 91 run win over South Africa A on Tuesday to successfully conclude their preparations for the Boxing Day test. Ali's spin skittled out the opponents for 187 runs on the last day of
Published 23 Dec, 2015 12:00am
Platini calls FIFA ban a 'kick in the teeth'

Platini calls FIFA ban a 'kick in the teeth'

Michel Platini called FIFA's eight-year ban a "kick in the teeth" but vowed in an interview with AFP on Tuesday to fight on for the presidency of world football's governing body. The FIFA vice president and UEFA leader condemned the ethics committee that
Published 23 Dec, 2015 12:00am
French minister questions ban on would-be FIFA chief Platini

French minister questions ban on would-be FIFA chief Platini

France's sports minister publicly questioned the legitimacy of FIFA's ethics committee after it imposed an eight-year ban that seriously endangers fellow-Frenchman Michel Platini's prospects of becoming the next head of the world football body. Patrick Ka
Published 23 Dec, 2015 12:00am
Guard Group Polo Cup 2015 starts

Guard Group Polo Cup 2015 starts

Newage and Guard Filters started their Guard Group Polo Cup 2015 in great style after registering contrasting victories here at Lahore Polo Cup ground on Tuesday. In the first match of the day, Newage played superb polo and recorded an impressive 10-51/2
Published 23 Dec, 2015 12:00am
PSL help youngsters to get confidence: Afridi

PSL help youngsters to get confidence: Afridi

The captain of Pakistan's Twenty20 team Shahid Afridi has said that the Pakistan Super League (PSL) will help the youngsters of the country in getting confidence and it will give them opportunity to share dressing rooms with world class players. The draft
Published 23 Dec, 2015 12:00am
Sourav Ganguly bats for Indo-Pak series

Sourav Ganguly bats for Indo-Pak series

Former Indian cricket captain Sourav Ganguly on Tuesday came out in support of a full-fledged series between Pakistan and India as the fate of the bilateral contest remains shrouded in uncertainty. Three days after BCCI secretary Anurag Thakur ruled out t
Published 23 Dec, 2015 12:00am
Walcott and Giroud fire Arsenal to victory over Man City

Walcott and Giroud fire Arsenal to victory over Man City

Arsenal landed a meaty blow in the Premier League title race with a 2-1 win at home to rivals Manchester City on Monday that swept away a few more doubts about their title credentials. Arsene Wenger's side certainly had the swagger of potential champions
Published 23 Dec, 2015 12:00am
No place like home for McCullum's final bow

No place like home for McCullum's final bow

The romance of finishing his career by leading New Zealand into one last battle against Australia on home soil persuaded Brendon McCullum to bow out of international cricket before next year's World Twenty20. The 34-year-old announced on Tuesday that he w
Published 23 Dec, 2015 12:00am
France orders further seven Airbus Tiger helicopters

France orders further seven Airbus Tiger helicopters

The French army has ordered a further seven Tiger HAD attack helicopters from Airbus Group as it continues to carry out missions in the Sahel region of Africa, the European aerospace and defence company said on Tuesday. The helicopters, to be delivered in
Published 23 Dec, 2015 12:00am
UN blames Saudi-led coalition for most attacks on Yemeni civilians

UN blames Saudi-led coalition for most attacks on Yemeni civilians

The United Nations High Commissioner for Human Rights told the UN Security Council on Tuesday that a Saudi-led coalition's military campaign in Yemen appeared to be responsible for a "disproportionate amount" of attacks on civilian areas.
Published 23 Dec, 2015 12:00am
Migrant arrivals in EU pass 1 million in 2015: UN

Migrant arrivals in EU pass 1 million in 2015: UN

The number of refugees and migrants arriving by land and sea in the European Union has passed 1 million this year, while a further 3,600 died or went missing, the UN refugee agency and the International Organization for Migration said on Tuesday. Half of
Published 23 Dec, 2015 12:00am
US announces Ukraine-related sanctions on 34 individuals, entities

US announces Ukraine-related sanctions on 34 individuals, entities

The United States on Tuesday imposed sanctions on 34 individuals and entities as part of its efforts to pressure Russia for its intervention in Ukraine, the US Treasury Department said. "Today's steps support the US commitment to seek a diplomatic resolut
Published 23 Dec, 2015 12:00am
Trump uses vulgar term to describe Clinton's 2008 presidential run

Trump uses vulgar term to describe Clinton's 2008 presidential run

Republican presidential candidate Donald Trump used a vulgarity to describe Hillary Clinton's loss to Barack Obama for the 2008 Democratic presidential nomination and then poked fun at her taking a bathroom break during a debate. Trump's off-color comment
Published 23 Dec, 2015 12:00am
Iraq forces advance into centre of IS-held Ramadi

Iraq forces advance into centre of IS-held Ramadi

Iraqi security forces advanced Tuesday into the centre of Ramadi for a final push aimed at retaking the city they lost to the Islamic State jihadist group in May, officials said. "We went into the centre of Ramadi from several fronts and we began purging
Published 23 Dec, 2015 12:00am
Greek parliament urges government to recognise Palestine

Greek parliament urges government to recognise Palestine

Greece's parliament approved a resolution Tuesday calling on the government to recognise the state of Palestine, but Prime Minister Alexis Tspiras said Athens will judge when the time is right to make the formal move. At a special session attended by visi
Published 23 Dec, 2015 12:00am
Syrian foreign minister to visit China this week

Syrian foreign minister to visit China this week

Syria's foreign minister will visit China this week, the Chinese Foreign Ministry said on Tuesday, amid a renewed bid by Beijing to play a more active role in finding an end to conflict in the Middle East. Syrian Foreign Minister Walid al-Moualem will be
Published 23 Dec, 2015 12:00am
Swiss, Italy agree deal on taxing cross-border commuters

Swiss, Italy agree deal on taxing cross-border commuters

Negotiators from Switzerland and neighbour Italy reached agreement on Tuesday on how to tax cross-border commuters, wrapping up months of talks that aimed to help Italy crack down on undeclared foreign wealth. The accord, which must be approved by both na
Published 23 Dec, 2015 12:00am
Armed police raid offices of Putin critic Mikhail Khodorkovsky in Moscow

Armed police raid offices of Putin critic Mikhail Khodorkovsky in Moscow

Armed Russian police on Tuesday raided the offices of a pro-democracy movement founded by outspoken Kremlin critic Mikhail Khodorkovsky, less than two weeks after investigators accused him of organising a contract killing. Khodorkovsky's Open Russia movem
Published 23 Dec, 2015 12:00am
Chinese police raid offices of firm in dump site disaster

Chinese police raid offices of firm in dump site disaster

Chinese authorities raided the offices of a company managing the dump site where a killer landslide left 76 people missing, while government records showed the firm was not qualified to do the job. A Reuters reporter saw police at two premises of Shenzhen
Published 23 Dec, 2015 12:00am
Russia to start building two nuclear reactors in Iran

Russia to start building two nuclear reactors in Iran

Russia will start constructing two nuclear reactors in Iran next week, as Tehran seeks to reduce its reliance on oil and gas with 20 facilities over the coming years, an official said Tuesday. The start of construction follows a historic deal between Iran
Published 23 Dec, 2015 12:00am
Standing Committee on Defence Production meets

Standing Committee on Defence Production meets

The Standing Committee on Defence Production met here under the Chairmanship of Khawaja Sohail Mansoor, MNA regarding briefing on seminar arranged by Defence Export Promotion Organisation (DEPO) on Public-Private Partnership in Defence Production & Export
Published 23 Dec, 2015 12:00am
Standing Committee on Defence Production meets

Standing Committee on Defence Production meets

The Standing Committee on Defence Production met here under the Chairmanship of Khawaja Sohail Mansoor, MNA regarding briefing on seminar arranged by Defence Export Promotion Organisation (DEPO) on Public-Private Partnership in Defence Production & Export
Published 23 Dec, 2015 12:00am
US Ambassador visits Mazar-e-Quaid

US Ambassador visits Mazar-e-Quaid

United States Ambassador to Pakistan, David Hale visited the mausoleum of Quaid-i-Azam Muhammad Ali Jinnah, the father of the nation, here on Tuesday. He laid a floral wreath as a sign of respect to Pakistan's founding father Muhammad Ali Jinnah at Mazar-
Published 23 Dec, 2015 12:00am
ZTE awards SASPAK as outstanding customs agents

ZTE awards SASPAK as outstanding customs agents

The ZTE Corporation China Tuesday awarded SASPAK Cargo private limited as outstanding customs agents, which is currently handling large scale projects from shippers' door to consignees' required destinations. According to a press release issued here, duri
Published 23 Dec, 2015 12:00am
Speakership, Cabinet slot: Dr Malik refuses to accept offer

Speakership, Cabinet slot: Dr Malik refuses to accept offer

The outgoing Chief Minister Balochistan, Dr Abdul Malik Baloch, has declined to accept the offer either to become Speaker Balochistan Assembly or act as senior provincial cabinet member under the chief ministership of Sardar Sanaullah Khan Zehri, it was l
Published 23 Dec, 2015 12:00am
General Tyre and Rubber Company

General Tyre and Rubber Company

General Tyre and Rubber Company (Gentipak), formed in 1964 is one of the leading producers and suppliers of quality tyres in Pakistan. Originally, the company was established by the General Tire International Corporation (GTIC) of USA. However in 1977, Ge
Published 23 Dec, 2015 12:00am
General Tyre and Rubber Company

General Tyre and Rubber Company

General Tyre and Rubber Company (Gentipak), formed in 1964 is one of the leading producers and suppliers of quality tyres in Pakistan. Originally, the company was established by the General Tire International Corporation (GTIC) of USA. However in 1977, Ge
Published 23 Dec, 2015 12:00am
SECP-ICAP joint body agrees on draft audit oversight framework

SECP-ICAP joint body agrees on draft audit oversight framework

The SECP-ICAP joint committee have agreed to a draft audit oversight framework providing for proposed continuation of Quality Control Review (QCR) function at ICAP with introduction of oversight of the same by SECP, through appropriate legislation, in lin
Published 23 Dec, 2015 12:00am
Electronic media ILO conducts special training

Electronic media ILO conducts special training

The International Labour Organization (ILO) of the United Nations marked the International Working Women's Day in Pakistan on Tuesday by launching a special training programme for electronic media journalists from Punjab, Khyber Pakhtunkhwa and Islamabad
Published 23 Dec, 2015 12:00am
CDWP approves 17 projects

CDWP approves 17 projects

The Central Development Working Party (CDWP) has approved 17 projects costing Rs 20.32 billion, referred six projects worth Rs 71.35billion and two position papers valuing at Rs 178 billion to the Executive Committee of the National Economic Council and g
Published 23 Dec, 2015 12:00am
Bourses directed to form investors' protection fund trusts

Bourses directed to form investors' protection fund trusts

The Securities and Exchange Commission of Pakistan (SECP) has directed stock exchanges to establish investors' protection fund trusts for the protection of customers/claimants and maintain customer protection compensation funds in accordance with the prov
Published 23 Dec, 2015 12:00am
KP Governor Fata Youth Festival begins today

KP Governor Fata Youth Festival begins today

On the directives of Governor Khyber Pakhtunkhwa, Sardar Mahtab Ahmad Khan, the first Governor Fata Youth Festival will begin on Wednesday (today) to promote positive and healthy activities among the tribal youth. The opening ceremony of the festival will
Published 23 Dec, 2015 12:00am
Etihad's world-class medical for its employees

Etihad's world-class medical for its employees

Etihad Airways, the national airline of the United Arab Emirates, recently opened doors to a new world-class medical facility in Abu Dhabi for its employees. The complex includes an aviation clinic, employee visa medical centre, as well as an Emirates ID
Published 23 Dec, 2015 12:00am
Slow pace of work on construction of Malir-15 Bridge criticized

Slow pace of work on construction of Malir-15 Bridge criticized

The industrial areas of Landhi and Bin Qasim towns have been facing many problems due to a slow pace of construction of Malir-15 Bridge, which has been going on for the last 25 months, resulting in prowling and posing threat to foreign visitors. "It is be
Published 23 Dec, 2015 12:00am
No loadshedding from 23rd to 26th: KE

No loadshedding from 23rd to 26th: KE

K-Electric issued a statement saying that Karachi and its adjoining areas will be exempted from load-shedding from the evening of December 23, till the morning of December 26, 2015. This decision has been taken keeping in mind the auspiciousness and senti
Published 23 Dec, 2015 12:00am
Government urged to review policy of suspending mobile services

Government urged to review policy of suspending mobile services

Former president of FPCCI Senator Haji Ghulam Ali has urged the government to review policy of suspending mobile services due to security purposes because suspending mobile services in sensitive areas haven't proved very useful but it has added to the mis
Published 23 Dec, 2015 12:00am
Four pre-conference workshops inaugurated at LUMHS

Four pre-conference workshops inaugurated at LUMHS

Vice Chancellor LUMHS Professor Noshad A Shaikh inaugurated four Pre- Conference Workshops at Liaquat University of Medical & Health Sciences Jamshoro on Tuesday. The workshops were arranged by the Department of Gynecology and Obstetrics LUMHS under the C
Published 23 Dec, 2015 12:00am
CASA-S organises 'CA Students Conference'

CASA-S organises 'CA Students Conference'

The Chartered Accountants Students Association - South (CASA-S) organised CA Students Conference with a theme 'Unleash' in collaboration with the Southern Regional Committee of ICAP, here on Tuesday. Speaking on the occasion, chief guest, Hafiz Mohammad Y
Published 23 Dec, 2015 12:00am
Antiques' smuggling: Customs plans to take Interpol on board

Antiques' smuggling: Customs plans to take Interpol on board

The customs department is planning to take Interpol in the loop to bust international racket involved in antiques smuggling from Pakistan. Speaking at a press conference at the AFU, Chief Collector Zahid Khokar along with Collector Preventive Tariq Huda,
Published 23 Dec, 2015 12:00am
Inflated bills: Abid Sher Ali urged to take notice

Inflated bills: Abid Sher Ali urged to take notice

Hyderabad Chamber of Commerce and Industry (HCCI) has appealed State Minister for Water and Power Abid Sher Ali to take the notice of inflated bills being sent to consumers by Hyderabad Electric Supply Corporation (Hesco).Chairman Sub-Committee HCCI, Abdu
Published 23 Dec, 2015 12:00am
'Laws being formulated to meet EU conventions'

'Laws being formulated to meet EU conventions'

Sherin Khan, officer in-charge, ILO Country Office, Islamabad, has said that Pakistan has been making sincere efforts towards implementing the European Union's (EU) conventions to get maximum benefits from the GSP Plus status. She was speaking to Busin
Published 23 Dec, 2015 12:00am
Leased aircraft: Customs issues Rs 390 million recovery notice to PIA

Leased aircraft: Customs issues Rs 390 million recovery notice to PIA

Model Collectorate of Customs (MCC), Preventive has issued a recovery notice of around Rs 390 million to the Pakistan International Airlines Corporation Limited (PIACL), pending for May-June period under the head of sales tax and income tax leviable on th
Published 23 Dec, 2015 12:00am
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