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Print - 2015-12-29
Demonstration held against non-arrest of Professor Rizvi's killers

Demonstration held against non-arrest of Professor Rizvi's killers

Journalists, teachers and students on Monday staged a protest demonstration outside Karachi Press Club (KPC) against the Sindh government for showing negligence in arresting the murderers of Professor Waheed-ur-Rehman (Yasir Rizvi) and non-payment of comp
Published 29 Dec, 2015 12:00am
Executions return prompts tough questions

Executions return prompts tough questions

When govt hanged four militants at the start of December for involvement in a 2014 school massacre in Peshawar, a victim's father not just welcomed it, but demanded more extreme treatment of convicts. "They should have been hanged in public, just like the
Published 29 Dec, 2015 12:00am
Dr Imran Farooq's murder case: physical remand of accused extended

Dr Imran Farooq's murder case: physical remand of accused extended

Additional Sessions Judge of Islamabad District on Monday extended physical remand of three accused, allegedly involved in murder of former Muttahida Qaumi Movement (MQM) leader Dr Imran Farooq in London, to Federal Investigation Agency (FIA) for a week.
Published 29 Dec, 2015 12:00am
Senate body considers recommendations on speedy justice

Senate body considers recommendations on speedy justice

Senate Committee of the Whole in its meeting considered recommendations submitted by members of the Upper House for providing speedy and inexpensive justice to the people. The meeting was held under the Chairmanship of Chairman Senate Mian Raza Rabbani, h
Published 29 Dec, 2015 12:00am
SNGPL network Gas shortfall reaches 1.4 BCF/day mark

SNGPL network Gas shortfall reaches 1.4 BCF/day mark

The gas shortfall volume on the network of Sui Northern Gas Pipelines Limited (SNGPL) has reached 1.4 Billion Cubic Feet per Day (BCFD) mark with the result the consumers on the network are facing severe low gas pressure. According to official figures of
Published 29 Dec, 2015 12:00am
TDAP rejects allegation

TDAP rejects allegation

TDAP strongly condemns the statement issued by Senator Haji Ghulam Ali & Mian Zahid Hussain in which various baseless allegations have been levelled against S. M. Muneer, Chief Executive TDAP.
Published 29 Dec, 2015 12:00am
Function at Aza Khel Dry Port by January 15 not possible

Function at Aza Khel Dry Port by January 15 not possible

Divisional Superintendent (DS) Pakistan Railways, Peshawar, Ali Mohammad Afridi has said that function at Aza Khel Dry Port from January 15, 2016 is impossible. Talking to this scribe, he said that the PC-1 of different schemes of Pakistan Railways amount
Published 29 Dec, 2015 12:00am
Grand finale of 'Ya Qurban' music competition held

Grand finale of 'Ya Qurban' music competition held

The grand finale of the 'Ya Qurban' music competition was held at Gor Khatree in which three finalist amateur singers selected from seven divisions of Khyber Pakhtunkhwa participated. The Khyber Pakhtunkhwa Directorate of Culture organised the event to hu
Published 29 Dec, 2015 12:00am
General Raheel awarded CPSP fellowship

General Raheel awarded CPSP fellowship

The College of Physicians and Surgeons Pakistan (CPSP) on Monday awarded Chief of Army Staff General Raheel Sharif honorary fellowship of the college, in recognition of his exceptional services in the health care sector. General Raheel Sharif, who was chi
Published 29 Dec, 2015 12:00am
JS Global, KSE and: LSE hold PSX awareness conference in Lahore

JS Global, KSE and: LSE hold PSX awareness conference in Lahore

JS Global Capital Limited (JS Global) in collaboration with Karachi Stock Exchange (KSE) and Lahore Stock Exchange (LSE) successfully held an investor awareness conference for launching of Pakistan Stock Exchange (PSX) in Lahore. Business magnates and inv
Published 29 Dec, 2015 12:00am
Senate body for complete ban on polythene bags in ICT

Senate body for complete ban on polythene bags in ICT

Senate Standing Committee on Climate Change on Monday recommended imposing complete ban on Polythene Bags in Islamabad Capital Territory (ICT). Chairman of the Committee Senator Yousuf Badini while presiding over the meeting said that issue of preventing
Published 29 Dec, 2015 12:00am
Three-day polio campaign begins in Swabi

Three-day polio campaign begins in Swabi

A three-day anti-polio drive was started in Swabi on Monday, which was cancelled due to security concerns last week. The Khyber Pakhtunkhwa (KP) Health Department said 260,000 children will be vaccinated during the campaign. According to the Swabi police,
Published 29 Dec, 2015 12:00am
'VIP culture' still persists despite tall claims

'VIP culture' still persists despite tall claims

Just after two days, the Khyber Pakhtunkhwa government has violated its own announcement to abandon the VIP culture and no road would be closed for any VIP movement. But the provincial capital authorities on Monday ripped apart the provincial government's
Published 29 Dec, 2015 12:00am
Balochistan seats: Bill deferred till fresh census

Balochistan seats: Bill deferred till fresh census

The National Assembly Standing Committee on Law, Justice and Human Rights on Monday deferred the Constitution Amendment Bill, 2014 seeking an increase in the number of Balochistan seats in the National Assembly and provincial assembly till a fresh populat
Published 29 Dec, 2015 12:00am
NAB arrests TMA Badin employees

NAB arrests TMA Badin employees

National Accountability Bureau (NAB) on Monday arrested three employees of Tehsil Municipal Administration (TMA) Badin over corruption charges. NAB sources said that, a team of the Bureau raided the TMA office at Matli area of district Badin, during which
Published 29 Dec, 2015 12:00am
CDWP approves numerous projects

CDWP approves numerous projects

The Central Development Working Party has approved numerous important projects aimed at improving people's lives, bettering education through various measures, enhancing tertiary health facilities and providing scholars to the Afghani youth.
Published 29 Dec, 2015 12:00am
Government asked to formulate uniform education syllabus

Government asked to formulate uniform education syllabus

Senate Functional Committee on Devolution has recommended to the federal government to formulate a uniform education syllabus for all provinces and to devolve Workers Welfare Board and relating departments to the provinces under 18th Constitutional Amendm
Published 29 Dec, 2015 12:00am
Asia Shell Eco-marathon event being held in Manila

Asia Shell Eco-marathon event being held in Manila

Shell Pakistan would provide global platform to nine teams of various engineering to represent the country in Asia Shell Eco-marathon event being held in Manila in 2016. The event provides an opportunity to the students from universities across the world
Published 29 Dec, 2015 12:00am
GDP growth target likely to be missed: APTMA Punjab
Cotton

GDP growth target likely to be missed: APTMA Punjab

The All Pakistan Textile Mills Association Punjab Chairman Aamir Fayyaz has apprehended that the GDP growth target likely to be massively missed due to dismal state of affairs of textile industry as well as agriculture sector. "For the Fiscal Year 2015-16
Published 29 Dec, 2015 12:00am
Meezan Bank opens 24th branch in Faisalabad

Meezan Bank opens 24th branch in Faisalabad

No doubt, Meezan Bank (MB) has credit to introduce Islamic Banking (IB) in Pakistan but it was spreading at a much faster pace and it was still under pressing demand to open new branches even after opening more than 500 branches across the country, said A
Published 29 Dec, 2015 12:00am
Balochistan governor invites businessmen to invest in Gwadar

Balochistan governor invites businessmen to invest in Gwadar

Balochistan governor has invited businessmen and industrialists to explore opportunities in Gwadar. In a business-like speech at the fourth National Business and Industry Best Achievement Awards ceremony which was organised by the Business Industry Promot
Published 29 Dec, 2015 12:00am
PU to hold global symposium from today

PU to hold global symposium from today

Punjab University National Centre of Excellence in Molecular Biology is arranging a three-day international symposium on "advances in molecular biology of plants and health sciences" from December 29 to 31, 2015. The opening ceremony will be held on Tuesd
Published 29 Dec, 2015 12:00am
220 captive-bred houbara bustards will be released in Punjab

220 captive-bred houbara bustards will be released in Punjab

Houbara Foundation International Pakistan will soon release 220 Houbara bustards bred in Abu Dhabi. These birds are from the blood-line of Pakistan's resident species and are being donated by the International Fund for Houbara Conservation based in Abu Dh
Published 29 Dec, 2015 12:00am
Industrial workers: Minister issues deadline for data computerisation

Industrial workers: Minister issues deadline for data computerisation

Punjab Minister for Labour and Human Resource Raja Ashfaq Sarwar has expressed indignation over lethargic attitude of IT Department and administration of Nawaz Sharif Security Hospital (NSSSH) for not making functional its "Health Management Information S
Published 29 Dec, 2015 12:00am
CM Punjab sees completion of Sahiwal coal plant by 2017

CM Punjab sees completion of Sahiwal coal plant by 2017

The Punjab chief minister has predicted Sahiwal's coal power plant to get completed by 2017 and also the gas-based power plants in Haveli Bahadur Shah, Bhikhi and Baloki of a total of 3,600 megawatts of electricity are now working already. The under-const
Published 29 Dec, 2015 12:00am
The Weather

The Weather

The weather report on Monday (December 28, 2015) and the forecast for Tuesday (December 29, 2015).

Published 29 Dec, 2015 12:00am
Amir's inclusion in team: LHC urged to bar PCB

Amir's inclusion in team: LHC urged to bar PCB

The Lahore High Court has been urged to stop the Pakistan Cricket Board from including fast bowler Muhammad Amir in the Pakistan squad for the upcoming cricket series in New Zealand. On Monday, petitioner Malik Munsif Awan of the Pakistan Justice Party ac
Published 29 Dec, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (December 28, 2015).

Published 29 Dec, 2015 12:00am
Amir's inclusion in team: LHC urged to bar PCB

Amir's inclusion in team: LHC urged to bar PCB

The Lahore High Court has been urged to stop the Pakistan Cricket Board from including fast bowler Muhammad Amir in the Pakistan squad for the upcoming cricket series in New Zealand. On Monday, petitioner Malik Munsif Awan of the Pakistan Justice Party ac
Published 29 Dec, 2015 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (December 28, 2015).

Published 29 Dec, 2015 12:00am
'Moods of Sky' exhibition attracts admirers

'Moods of Sky' exhibition attracts admirers

An exhibition of paintings titled, "Moods of Sky" of Dr Sophiya Umar is continued at Ahmed Hassan Hall of Multan Chamber of Commerce and Industry which was inaugurated by Ms Mehnaz Fareed Mughis Sheikh, the spouse of MCCI President Fareed Mughis and Ms Ro
Published 29 Dec, 2015 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 29 Dec, 2015 12:00am
Annual de-silting: IRSA reduces water discharges from dams

Annual de-silting: IRSA reduces water discharges from dams

The Indus River System Authority (IRSA) has reduced water discharges from Tarbela and Mangla dams to the minimum to close the irrigation canals for a month long annual de-silting and maintenance purposes of water ways across the country. According to 28th
Published 29 Dec, 2015 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 29 Dec, 2015 12:00am
ADB team meets Justice Syed Mansoor

ADB team meets Justice Syed Mansoor

A delegation of the Asian Development Bank, headed by Irum Ahsan, on Monday met Justice Syed Mansoor Ali Shah of the Lahore High Court to discuss a strategy to enforce environmental law cases. Since joining the bank in 2007, she has been working as public
Published 29 Dec, 2015 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (December 28, 2015).

Published 29 Dec, 2015 12:00am
Leftover seats: SU announces admissions

Leftover seats: SU announces admissions

The University of Sindh has announced the admissions on leftover seats in Bachelor Degree in Evening Programs. The candidates who have already qualified the pre-entry test for Bachelor Degree Programs for the session 2016 can apply for admission in Evenin
Published 29 Dec, 2015 12:00am
IAMS introduced to check malpractices in NAB: Qamar Zaman

IAMS introduced to check malpractices in NAB: Qamar Zaman

Chairman National Accountability Bureau (NAB) Qamar Zaman Chaudhry said here on Monday that an Internal Accountability Management System (IAMS) has been introduced to check malpractices within the organisation. He was speaking at a seminar on "Accountabil
Published 29 Dec, 2015 12:00am
Recommendation: wind up PIDC

Recommendation: wind up PIDC

An inter-ministerial panel on redundant organisations headed by Secretary Establishment has recommended the government to wind up few organisations including Pakistan Industrial Development Corporation (PIDC). However, Secretary Industries has succeeded t
Published 29 Dec, 2015 12:00am
Government urged to support growers

Government urged to support growers

Members of Non-governmental Organisations have urged the government to pay attention to agriculture sector and provide subsidy and loans to growers. Addressing a press conference here on Monday, office-bearers of NGOs namely Mazhar Abro, Aijaz Mallah, Sua
Published 29 Dec, 2015 12:00am
Leaking confidential info against taxpayer: FTO asks FBR to hold inquiry

Leaking confidential info against taxpayer: FTO asks FBR to hold inquiry

The Federal Tax Ombudsman(FTO) has issued an order in a complaint filed by M/s Master Tiles & Ceramic Industries Limited, Gujranwala advising Federal Board of Revenue (FBR) to hold an inquiry on account of maladministration within 45 days against the pers
Published 29 Dec, 2015 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (December 28, 2015)

Published 29 Dec, 2015 12:00am
NetSol signs new contract worth over $100 million

NetSol signs new contract worth over $100 million

NetSol, a global business services and enterprise applications solution provider, announced the signing of a new contract currently valued at more than $100 million which includes licence, maintenance, services and expected customisations, with a long-sta
Published 29 Dec, 2015 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (December 28, 2015).

Published 29 Dec, 2015 12:00am
ICE cotton hits 2-1/2-week high as quality concerns remain
Cotton

ICE cotton hits 2-1/2-week high as quality concerns remain

Cotton futures rose for a second straight session on Monday, hitting their highest levels in 2-1/2 weeks, as traders squared books ahead of the new year and a US government report showed a continued shortage of high-quality cotton. "It was definitely much
Published 29 Dec, 2015 12:00am
Grain market rates
Cotton

Grain market rates

Karachi grain market rates in rupees on Monday (December 28, 2015).

Published 29 Dec, 2015 12:00am
Oil down three percent, Brent near 11-year low on fears of weaker 2016

Oil down three percent, Brent near 11-year low on fears of weaker 2016

Oil fell 3 percent on Monday, with global benchmark Brent back near 11-year lows as last week's short-covering dried up and players worried that crude prices had more room to swoon. US gasoline futures slid about 2 percent as the selloff extended to refin
Published 29 Dec, 2015 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Monday (December 28, 2015).

Published 29 Dec, 2015 12:00am
Hong Kong apartment sells for $76.7 million!

Hong Kong apartment sells for $76.7 million!

This is apropos "Hong Kong apartment sells for record $76.7m" carried by Business Recorder on Sunday. According to the report, a luxury apartment in Hong Kong sold for a record HK$594.7 million ($76.7 million), days before Christmas, making it the
Published 29 Dec, 2015 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 11th December, 2015.

Published 29 Dec, 2015 12:00am
End of easy money for mini-refiners splitting US shale?

End of easy money for mini-refiners splitting US shale?

Energy companies and oil trading firms that teamed up to build several mini-refineries that convert a swelling surplus of ultra-light US crude into fuels for export seemed like a pretty safe investment bet for a while. The bet was built on several converg
Published 29 Dec, 2015 12:00am
State Bank statement of affairs

State Bank statement of affairs

The statement of affairs of the State Bank of Pakistan, Banking Department, as on 11th December, 2015.

Published 29 Dec, 2015 12:00am
Satire: I want to be a company

Satire: I want to be a company

Investopedia defines a corporation, synonymous with a company in Pakistan, as: "A legal entity that is separate and distinct from its owners. Corporations enjoy most of the rights and responsibilities that an individual possesses; that is, a corporation h
Published 29 Dec, 2015 12:00am
2015 - What a year it has been!

2015 - What a year it has been!

As 2015 comes to an end, there are hardly any successes but many starkly visible governance failures that the government keeps denying. While 2015 was unique in terms of exposing corruption and mismanagement in too many state offices, regulatory authoriti
Published 29 Dec, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (December 28, 2015).

Published 29 Dec, 2015 12:00am
Modi in Lahore

Modi in Lahore

Indian Prime Minister Narendra Modi's surprise 'goodwill' visit to Lahore for a meeting with his Pakistani counterpart, on his way home from Moscow and Kabul, comes as a hopeful sign for Pak-India peace process. In fact, Modi had signalled a change in his
Published 29 Dec, 2015 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Monday (December 28, 2015).

Published 29 Dec, 2015 12:00am
What actually ails PSEs?

What actually ails PSEs?

Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi in response to a motion by Senator Taj Haider of Pakistan People's Party said that the objective of the government's announcement transferring Pakistan Steel Mills (PSM) land to Sui
Published 29 Dec, 2015 12:00am
SBP chief asks exchange firms to help stabilise rate in kerb market
Kerb

SBP chief asks exchange firms to help stabilise rate in kerb market

Governor State Bank of Pakistan (SBP) Ashraf Wathra on Monday urged the exchange companies to play their role in stabilising the exchange rate in the kerb market. Presiding over a meeting of representatives of exchange companies at Karachi, the SBP govern
Published 29 Dec, 2015 12:00am
SBP chief asks exchange firms to help stabilise rate in kerb market
Kerb

SBP chief asks exchange firms to help stabilise rate in kerb market

Governor State Bank of Pakistan (SBP) Ashraf Wathra on Monday urged the exchange companies to play their role in stabilising the exchange rate in the kerb market. Presiding over a meeting of representatives of exchange companies at Karachi, the SBP govern
Published 29 Dec, 2015 12:00am
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

The rupee moved both ways against the dollar in the process of trading on Monday, dealers said. The rupee lost eight-paisa against the dollar for buying at Rs 104.93 and it also shed five-paisa for selling and Rs 104.95, experts said.
Published 29 Dec, 2015 12:00am
SBP chief asks exchange firms to help stabilise rate in kerb market
Kerb

SBP chief asks exchange firms to help stabilise rate in kerb market

Governor State Bank of Pakistan (SBP) Ashraf Wathra on Monday urged the exchange companies to play their role in stabilising the exchange rate in the kerb market. Presiding over a meeting of representatives of exchange companies at Karachi, the SBP govern
Published 29 Dec, 2015 12:00am
THE RUPEE: mixed patterns
Currency

THE RUPEE: mixed patterns

The rupee moved both ways against the dollar in the process of trading on Monday, dealers said. The rupee lost eight-paisa against the dollar for buying at Rs 104.93 and it also shed five-paisa for selling and Rs 104.95, experts said.
Published 29 Dec, 2015 12:00am
ADs to process cases: export of sugar tied to clearance of dues

ADs to process cases: export of sugar tied to clearance of dues

The federal government has linked the export of sugar with clearance of outstanding dues of the farmers up to the last season and starting of crushing. The State Bank of Pakistan (SBP) Monday asked the Authorized Dealers (ADs) to process the export of sug
Published 29 Dec, 2015 12:00am
ADs to process cases: export of sugar tied to clearance of dues

ADs to process cases: export of sugar tied to clearance of dues

The federal government has linked the export of sugar with clearance of outstanding dues of the farmers up to the last season and starting of crushing. The State Bank of Pakistan (SBP) Monday asked the Authorized Dealers (ADs) to process the export of sug
Published 29 Dec, 2015 12:00am
ADs to process cases: export of sugar tied to clearance of dues

ADs to process cases: export of sugar tied to clearance of dues

The federal government has linked the export of sugar with clearance of outstanding dues of the farmers up to the last season and starting of crushing. The State Bank of Pakistan (SBP) Monday asked the Authorized Dealers (ADs) to process the export of sug
Published 29 Dec, 2015 12:00am
Taliban car bomber targets Nato convoy near Kabul airport

Taliban car bomber targets Nato convoy near Kabul airport

A Taliban bomber detonated an explosives-packed vehicle near Kabul airport Monday, killing one civilian in an attack targeting a Nato convoy the day after Pakistan's army chief visited the Afghan capital in an effort to revive peace talks. Thirteen other
Published 29 Dec, 2015 12:00am
Taliban car bomber targets Nato convoy near Kabul airport

Taliban car bomber targets Nato convoy near Kabul airport

A Taliban bomber detonated an explosives-packed vehicle near Kabul airport Monday, killing one civilian in an attack targeting a Nato convoy the day after Pakistan's army chief visited the Afghan capital in an effort to revive peace talks. Thirteen other
Published 29 Dec, 2015 12:00am
Recovery improves: Circular debt stands at Rs 310 billion

Recovery improves: Circular debt stands at Rs 310 billion

The government is struggling to keep the circular debt at the lowest, which now stands at Rs 310 billion, while recovery of bills has improved from 85 percent to 91 percent. Minister of State for Interior Balighur Rehman said this in the Senate on Monday
Published 29 Dec, 2015 12:00am
Recovery improves: Circular debt stands at Rs 310 billion

Recovery improves: Circular debt stands at Rs 310 billion

The government is struggling to keep the circular debt at the lowest, which now stands at Rs 310 billion, while recovery of bills has improved from 85 percent to 91 percent. Minister of State for Interior Balighur Rehman said this in the Senate on Monday
Published 29 Dec, 2015 12:00am
Recovery improves: Circular debt stands at Rs 310 billion

Recovery improves: Circular debt stands at Rs 310 billion

The government is struggling to keep the circular debt at the lowest, which now stands at Rs 310 billion, while recovery of bills has improved from 85 percent to 91 percent. Minister of State for Interior Balighur Rehman said this in the Senate on Monday
Published 29 Dec, 2015 12:00am
South Korea, Japan strike deal on 'comfort women'

South Korea, Japan strike deal on 'comfort women'

South Korea and Japan reached agreement Monday on their dispute over wartime sex slaves that has soured relations for decades, as Tokyo's leader hailed a "new era" in ties with Seoul. Japan offered a "heartfelt apology" and a one-billion yen ($8.3 million
Published 29 Dec, 2015 12:00am
South Korea, Japan strike deal on 'comfort women'

South Korea, Japan strike deal on 'comfort women'

South Korea and Japan reached agreement Monday on their dispute over wartime sex slaves that has soured relations for decades, as Tokyo's leader hailed a "new era" in ties with Seoul. Japan offered a "heartfelt apology" and a one-billion yen ($8.3 million
Published 29 Dec, 2015 12:00am
Presentation at K.S.E. Auditorium

Presentation at K.S.E. Auditorium

Presentation at K.S.E. Auditorium (only for TRE certificate holders and their authorised employees).

Published 29 Dec, 2015 12:00am
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