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Print - 2016-02-06
Somalia's al Shabaab takes control of southern port town

Somalia's al Shabaab takes control of southern port town

Somalia's al Shabaab militants took control of the southern port town of Marka on Friday hours after African Union troops and the Somalia National Army left, the rebels and witnesses said. "We now control Marka police station and the entire town. AMISOM l
Published 06 Feb, 2016 12:00am
Ban 'ashamed' over Israel-Palestinian peace process

Ban 'ashamed' over Israel-Palestinian peace process

UN Secretary-General Ban Ki-moon said Friday he was "ashamed" at the lack of progress in the Israeli-Palestinian peace process. "I feel guilty, ashamed of the lack of progress," he told an event organised by the United Nations Association - UK in associat
Published 06 Feb, 2016 12:00am
UN police base in Mali's Timbuktu retaken from militants

UN police base in Mali's Timbuktu retaken from militants

Malian troops backed by UN helicopters stormed a UN police base in the city of Timbuktu and recaptured it from suspected Islamist militants who had seized it hours before on Friday, the United Nations said. Malian Defence Minister Tieman Hubert Coulibaly
Published 06 Feb, 2016 12:00am
Palestinian throws petrol bomb at soldiers, shot dead

Palestinian throws petrol bomb at soldiers, shot dead

A Palestinian teenager threw a petrol bomb at Israeli soldiers in the south of the occupied West Bank and was shot dead on Friday, the Israeli military said. At least two Palestinians threw a Molotov cocktail at a military jeep on patrol close to Halhul n
Published 06 Feb, 2016 12:00am
French PM defends emergency rule, says terror threat 'here to last'

French PM defends emergency rule, says terror threat 'here to last'

Thousands of house searches since November's Islamist attacks in Paris have helped foil another terrorist plot, French Prime Minister Manuel Valls said on Friday as his government sought to extend emergency rule. Valls, defending state of emergency rules
Published 06 Feb, 2016 12:00am
37 dead in India after bus plunges into river

37 dead in India after bus plunges into river

A packed passenger bus plunged off a bridge into a river in western India Friday killing at least 37 people, an official said, in one of the deadliest road accidents in recent years. The incident happened when the driver lost control and veered off the ro
Published 06 Feb, 2016 12:00am
Hotel fire in Iraqi Kurdish region kills 19

Hotel fire in Iraqi Kurdish region kills 19

A fire at a hotel in the capital of Iraq's autonomous Kurdish region killed 19 people and injured dozens more on Friday, officials said. Fourteen of the dead were from the Philippines, while three Iraqis, a Palestinian and another person of unknown nation
Published 06 Feb, 2016 12:00am
Cameron woos Polish, Danish leaders as clock ticks to avert 'Brexit'

Cameron woos Polish, Danish leaders as clock ticks to avert 'Brexit'

British Prime Minister David Cameron on Friday appeared to have come a step closer to sealing a contentious EU-wide deal on reforms to prevent a "Brexit" after making headway in talks with Danish and Polish leaders. Poland's influential governing party le
Published 06 Feb, 2016 12:00am
France, Germany pile pressure on Turkey to stem migrant tide

France, Germany pile pressure on Turkey to stem migrant tide

The massive flow of migrants into Europe must be slowed with the help of Turkey and better screening of asylum applicants on arrival on the continent, the interior ministers of France and Germany said Friday. Speaking in Athens the ministers warned again
Published 06 Feb, 2016 12:00am
Media leaders urge tougher protection for journalists

Media leaders urge tougher protection for journalists

World media executives are urging governments to stop looking at journalists as the enemy, and to better protect reporters covering wars, crime and corruption. Describing growing impunity for those who arrest or attack journalists, news leaders meeting Fr
Published 06 Feb, 2016 12:00am
Albania bans cutting down trees for 10 years

Albania bans cutting down trees for 10 years

Albania has ordered a 10-year ban on cutting down trees for industrial purposes to avert an "ecological disaster" in the impoverished Balkan country. A law imposing a 10-year moratorium on issuing forest clearing permits was passed late Thursday by 101 la
Published 06 Feb, 2016 12:00am
Mugabe declares disaster in drought-stricken areas

Mugabe declares disaster in drought-stricken areas

Zimbabwean President Robert Mugabe has declared a state of disaster in most rural parts of the country severely hit by a drought, with 26 percent of the population said to be in need of food aid, the government has said in a statement. Declaring a state o
Published 06 Feb, 2016 12:00am
Canada lifts Iran sanctions

Canada lifts Iran sanctions

Ottawa announced Friday the lifting of economic sanctions against Tehran, which will allow Canadian firms access to Iran after a deal on its nuclear program recently came into force. Canada, however, will maintain restrictions on exports of nuclear goods
Published 06 Feb, 2016 12:00am
PBC team to attend conference in Chandigarh

PBC team to attend conference in Chandigarh

A 49-member delegation of Punjab Bar Council would cross Wahga border on Saturday (today) to attend a judicial conference in Chandigarh. The bar's vice chairperson Farah Ejaz Baig would lead the delegation and would return back on February 12. The Pakista
Published 06 Feb, 2016 12:00am
Rain, snowfall expected in various parts

Rain, snowfall expected in various parts

The Meteorological Department has forecast rain with snowfall over the hills in Balochistan, upper Punjab, Khyber Pakhtunkhwa, Gilgit-Baltistan and Kashmir on Saturday and Sunday. It said a westerly wave is likely to enter western parts of Balochistan lat
Published 06 Feb, 2016 12:00am
Kashmir Solidarity Day held at Pak Embassy in Jakarta

Kashmir Solidarity Day held at Pak Embassy in Jakarta

Embassy of Pakistan, Jakarta, in collaboration with Kashmir Solidarity Forum Indonesia organised Kashmir Solidarity Day at Embassy February 5. The seminar was attended by students of various universities, Pakistani community and media persons, says a pres
Published 06 Feb, 2016 12:00am
Political parties, others voice support to Kashmir cause

Political parties, others voice support to Kashmir cause

Various parties, human rights activists and members of civil society on Friday held protest rallies and demonstrations on the occasion of 'Kashmir Solidarity Day, voicing their full support for the Kashmiris' struggle for freedom and self determinations.
Published 06 Feb, 2016 12:00am
BISP, AHAN launch programme to promote handicraft work: Marvi

BISP, AHAN launch programme to promote handicraft work: Marvi

Minister of State and Chairperson Benazir Income Support Programme (BISP) Marvi Memon here on Friday said BISP and AHAN (a non-governmental organisation) have jointly launched a programme to promote the handicraft work of the beneficiaries through e-Comme
Published 06 Feb, 2016 12:00am
KP government has introduced merit, transparency in recruitment: Khattak

KP government has introduced merit, transparency in recruitment: Khattak

Chief Minister Khyber Pakhtunkhwa Pervez Khattak said that provincial government has given a hope of bright future to the youth by introducing merit and bringing transparency in recruitment process in the province. This he said while talking to a delegati
Published 06 Feb, 2016 12:00am
Speakers for early resolution of Kashmir dispute

Speakers for early resolution of Kashmir dispute

Speakers at a seminar while emphasising the need for early resolution of Kashmir issue as per United Nations (UN) Resolutions of 1948 and 1949 and aspirations of Kashmiris have assured that Pakistan will keep supporting just cause of the Kashmiri people.
Published 06 Feb, 2016 12:00am
Kashmir Solidarity Day observed in Hyderabad

Kashmir Solidarity Day observed in Hyderabad

In a bid to show solidarity with the citizens of Indian-held Kashmir, the 'Kashmir Solidarity Day' was observed in Hyderabad and its adjacent areas. In Hyderabad, all educational institutes and government sector offices remained closed on Friday. Kashmir
Published 06 Feb, 2016 12:00am
Fazl urges world community to help resolve Kashmir issue

Fazl urges world community to help resolve Kashmir issue

Chairman Parliamentary Committee in the National Assembly on Kashmir, Maulana Fazalur Rehman has said that Pakistan would continue supporting Kashmiris in their just and principled struggle for right to self-determination in accordance to the United Natio
Published 06 Feb, 2016 12:00am
Meezan Bank gets 'Certificate of Merit'

Meezan Bank gets 'Certificate of Merit'

Meezan Bank, Pakistan's first and largest Islamic bank, has been conferred with 'Certificate of Merit' by SAFA (South Asian Federation of Accountants) Best Presented Annual Report Awards for the year 2014 at the SAFA Conference 2016 held in Lahore, Pakist
Published 06 Feb, 2016 12:00am
Budget 2016-17: National Assembly body asks KCCI to play pro-active role

Budget 2016-17: National Assembly body asks KCCI to play pro-active role

Chairman of National Assembly's Standing Committee on Finance, Revenue, Economic Affairs, Statistics and Privatisation, Qaiser Ahmed Sheikh, while assuring his Standing Committee's consideration to KCCI's recommendations in connections with budget 2016-17
Published 06 Feb, 2016 12:00am
PRGMEA to hold 15th Textile Asia trade fair from March 9

PRGMEA to hold 15th Textile Asia trade fair from March 9

Shaikh Mohammad Shafiq, Chairman Pakistan Readymade Garments Manufacturers & Exporters Association announced to hold 15th Textile Asia 2016 International Textile & Garment Machinery Trade Fair incorporating Clothing, Fabric & Textile Asia in Karachi in co
Published 06 Feb, 2016 12:00am
Farmers asked to insulate crops against frost

Farmers asked to insulate crops against frost

The Met Office has asked the farmers of upcountry to step up protection to their crops from frost amid dropping temperature. It forecast rains in coming days, saying that the rainy spells would benefit Rabi crops. It advised the farmers to stop irrigating
Published 06 Feb, 2016 12:00am
Chinese group to invest $100 million in mining sector

Chinese group to invest $100 million in mining sector

A major Chinese industrial group, Kirrich Corporation, has announced to invest $100 million in mining sector of Pakistan. The announcement wad made by Chief Executive Officer of SME Business Solutions Ltd Wali Ullah Khan following a ceremony, here on Frid
Published 06 Feb, 2016 12:00am
Sardar Yousuf calls on chief minister Sindh

Sardar Yousuf calls on chief minister Sindh

Federal Minister for Religious Affairs and Interfaith Harmony Sardar Muhammad Yousuf called upon Sindh Chief Minister Syed Qaim Ali Shah, at CM House here on Friday. Matter related to interfaith and intersect harmony were discussed during the meeting, sai
Published 06 Feb, 2016 12:00am
Karachi Literature Festival commences
Exchange

Karachi Literature Festival commences

The Seventh Karachi Literature Festival (KLF) commenced at a local hotel on Friday. The three-day event is being held under the auspices of the Oxford University Press (OUP) Pakistan. The US Consul General in Karachi, Brian Heath, delivered opening remark
Published 06 Feb, 2016 12:00am
Ticket-less travellers: Railways recovers Rs 13 million as fine

Ticket-less travellers: Railways recovers Rs 13 million as fine

Pakistan Railways, Karachi Division, recovered a sum of Rs 13 million as fine from the ticket-less passengers last month from Karachi Division. A Railways official said in a statement here on Friday that the fines were recovered during surprise raids at v
Published 06 Feb, 2016 12:00am
Senate body to meet on 9th to discuss PIA unrest

Senate body to meet on 9th to discuss PIA unrest

Chairman Senate's Standing Committee on Finance and Revenue Senator Saleem Mandviwalla has convened a meeting of the committee on February 9 to discuss the issue concerning proposed privatisation of PIA. Officials of Privatisation Commission, PIA and mini
Published 06 Feb, 2016 12:00am
PIA facilitates Umrah Zaireen

PIA facilitates Umrah Zaireen

Pakistan International Airlines spokesman has said that around 700 Umrah Zaireen stranded in Jeddah have now reached Karachi and Islamabad on two flights of Saudi Airlines on Friday, February 5. On its way back the flight from Karachi, taking off today, c
Published 06 Feb, 2016 12:00am
PN fleet tanker reaches Gwadar Port with 1,000 tons of water

PN fleet tanker reaches Gwadar Port with 1,000 tons of water

The provision of water to Gwadar through Pakistan Navy tankers continues as another Pakistan Navy fleet tanker PNS NASR reached Gwadar Port with 1,000 tons of fresh drinking water onboard. The ongoing efforts of transporting fresh water from Karachi to Gw
Published 06 Feb, 2016 12:00am
KP to allocate two percent annual budget for youth development

KP to allocate two percent annual budget for youth development

The provincial government of Khyber Pakhtunkhwa under its youth policy will allocate 2 per cent of its annual development budget for the youth of the province. The youth policy approved by the provincial government with Chief Minister Pervez Khattak in th
Published 06 Feb, 2016 12:00am
OPC Punjab arranges road shows in London, Manchester

OPC Punjab arranges road shows in London, Manchester

The Overseas Pakistanis Commission (OPC), Punjab has arranged road shows in London and Manchester to create awareness among the overseas Pakistanis living in UK regarding redressal of their grievances on the spot. According to official sources, a large nu
Published 06 Feb, 2016 12:00am
Kashmir Solidarity Day observed at UHS

Kashmir Solidarity Day observed at UHS

The faculty, staff and students of University of Health Sciences (UHS) observed Kashmir Solidarity Day on Friday with the pledge to continue supporting Kashmir's right to self-determination. A walk was organised to support the just cause of the Kashmiris.
Published 06 Feb, 2016 12:00am
Gas shortage continues to hit Punjab

Gas shortage continues to hit Punjab

The gas shortage continued to hit the population of the Punjab province this winter like past and people living in Lahore, Multan, Faisalabad, Rawalpindi and Islamabad faced numerous problems because of low pressure or interrupted gas supplies particularl
Published 06 Feb, 2016 12:00am
PIA workers stage demonstration

PIA workers stage demonstration

The workers of Pakistan International Airlines in collaboration with local trade unions, NBP employees Union, Railway Union and traders staged a big demonstration at city terminal and observed a sit-in. The flight operation of PIA remained suspended for t
Published 06 Feb, 2016 12:00am
PTI Punjab to hold demos against PIA privatisation

PTI Punjab to hold demos against PIA privatisation

Pakistan Tehreek-e-Insaf former organiser Chaudhry Mohammad Sarwar has announced holding of protest demonstrations in all districts across Punjab against PIA privatisation and anti-people policies on Saturday. He said the PTI would protest against the ant
Published 06 Feb, 2016 12:00am
Government, not employees, responsible for corruption in PIA: Qureshi

Government, not employees, responsible for corruption in PIA: Qureshi

Vice Chairman of Pakistan Tehreek-e-Insaf (PTI) Shah Mehmood Qureshi on Friday alleged that the government did corruption worth billions of rupees in Pakistan International Airlines (PIA), not the employees. While talking to media persons, he announced to
Published 06 Feb, 2016 12:00am
Kashmir Solidarity Day observed in Multan

Kashmir Solidarity Day observed in Multan

Kashmir Solidarity Day was observed in Multan and other parts of South Punjab on Friday to highlight the cause and the need for resolution of the longstanding dispute as per wishes of Kashmiri people. Religious parties, politico-religious organisations ma
Published 06 Feb, 2016 12:00am
Kashmir Solidarity Day observed in Faisalabad

Kashmir Solidarity Day observed in Faisalabad

Kashmir Solidarity Day was observed in Faisalabad on Friday to express solidarity with the people of held Kashmir in their struggle towards achieving freedom from Indian occupation. The day started with special prayers for the success of Kashmiri brethren
Published 06 Feb, 2016 12:00am
Kashmir Solidarity Day; rallies demand implementation of UN resolutions

Kashmir Solidarity Day; rallies demand implementation of UN resolutions

Thousands of people rallied across Lahore on Friday to observe 'Kashmir Solidarity Day' to highlight Indian occupation of Kashmir, setting ablaze Indian flags and effigies of Indian Prime Minister and Army chief, condemning UN silence over the six decades
Published 06 Feb, 2016 12:00am
PPP Punjab observes Kashmir Day with zeal

PPP Punjab observes Kashmir Day with zeal

Pakistan Peoples' Party Punjab observed the Kashmir Day with traditional zeal to mark its solidarity with Kashmiris. The party workers staged a rally outside the Punjab Assembly on Friday along with a couple of other political parties and human rights org
Published 06 Feb, 2016 12:00am
PML-N holds rally

PML-N holds rally

Pakistan Muslim League-Nawaz (PML-N) marked the Kashmir Solidarity Day on Friday and held a rally to express support to Kashmiris right to self-determination. Led by the PML-N Lahore President Mohammad Pervaiz Malik MNA, the rally which was started from A
Published 06 Feb, 2016 12:00am
February 5 strong reminder of Kashmiris' rights: Shahbaz

February 5 strong reminder of Kashmiris' rights: Shahbaz

Chief Minister Punjab Shahbaz Sharif has said 5th of February is a day to remind the world community to play its role in supporting Kashmiris to their political rights under the UN resolutions. He said a resolution of Kashmir dispute was the key to get be
Published 06 Feb, 2016 12:00am
Punjab Assembly passes resolution on 'Kashmir Day'

Punjab Assembly passes resolution on 'Kashmir Day'

In the 19th session of Punjab Assembly here on Friday a unanimous resolution passed on 'Kashmir Day' asking for solidarity with Kashmiris in their struggle and demanding of the government to ask international fraternity and organisations to comply with UN
Published 06 Feb, 2016 12:00am
Over 1,000 arrested in Punjab under NAP

Over 1,000 arrested in Punjab under NAP

Lahore Police, during last month of January, arrested 189 accused of 87 gangs involved in heinous crimes, 297 Proclaim Offenders and 1,103 Criminal Accused and traced 203 cases against them. According to details, DIG Operations Dr Haider Ashraf directed p
Published 06 Feb, 2016 12:00am
National Volunteer Programme set to be launched

National Volunteer Programme set to be launched

TBL-Triple Bottom-Line, a sustainability advocacy platform working to promote CSR in Pakistan since 2007, is now launching a unique initiative, the National Volunteer Programme (NVP), initially in Karachi, and later expanding it nation-wide. NVP's Vision
Published 06 Feb, 2016 12:00am
Shahbaz reviews 'Safe City projects'

Shahbaz reviews 'Safe City projects'

Chief Minister Shahbaz Sharif here chairing a video link meeting in civil secretariat looked into different aspects of 'Safe City projects', on Friday. He hoped that project would result in betterment in law & order and curbing of crimes in the province.
Published 06 Feb, 2016 12:00am
DALMUN conference inaugurated at KAC

DALMUN conference inaugurated at KAC

About 500 delegates comprising college and university students participated in the inaugural session of the DALMUN (Dawood A-Level Model United Nations) conference at the Karachi Arts Council on Thursday. The opening day of the conference was graced by th
Published 06 Feb, 2016 12:00am
US-funded JIHS: Sindh government to recruit 300 doctors, paramedics: CM

US-funded JIHS: Sindh government to recruit 300 doctors, paramedics: CM

Sindh Chief Minister Syed Qaim Ali Shah has said that the provincial government is going to appoint more than 300 staff including specialists, doctors, paramedics, et cetera, to begin indoor services in Jacobabad Institute of Health Science (JIHS). "The p
Published 06 Feb, 2016 12:00am
KE accelerates Operation Burq

KE accelerates Operation Burq

K-Electric's team under accelerated Operation Burq has been conducting effective raids 24/7 in different parts of the city to curb the menace of power theft. As per details, K-E team conducted 75 raids and confiscated 3,200 illegal connections weighing mo
Published 06 Feb, 2016 12:00am
IBP organizes LEAD 2016 Pakistan

IBP organizes LEAD 2016 Pakistan

The live simulcast of LEAD 2016, from Nashville Tennessee, USA broadcasted exclusively by The Institute of Bankers of Pakistan (IBP) in collaboration with Knowledge Now came to its conclusion. The mega event turned out to be a huge success as anticipated
Published 06 Feb, 2016 12:00am
No end to troubles for PIA passengers in sight

No end to troubles for PIA passengers in sight

There was no end insight to the miseries of thousands of PIA passengers as no private airline is poised to accommodate them without the endorsement of the national flag carrier; it is learnt Friday. PIA had claimed to have reaching agreements with Etihad
Published 06 Feb, 2016 12:00am
12 Pakistani exporters to attend 'World Food Moscow' show

12 Pakistani exporters to attend 'World Food Moscow' show

Trade Development Authority of Pakistan (TDAP) has arranged participation of 12 exporters from agricultural sector in World Food Moscow exhibition to improve volume of trade with Russia. The other objective of the participation was to help exporters intro
Published 06 Feb, 2016 12:00am
'Punjab government implementing disease prevention programme'

'Punjab government implementing disease prevention programme'

"Punjab government is implementing a comprehensive disease prevention programme and spending billions of rupees to provide quality healthcare to the people while the Chief Minister Shahbaz Sharif has allocated 30 acres land adjacent to Knowledge Park for
Published 06 Feb, 2016 12:00am
Enormous power will be added to national grid by 2017: Shahbaz

Enormous power will be added to national grid by 2017: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif presided over a high level meeting here on Sunday which was also attended by Federal Minister for Water &Power Kh. Muhammad Asif. The meeting reviewed the pace of progress on energy projects in the province. S
Published 06 Feb, 2016 12:00am
Black money's elimination critical to broadening tax base: PBIF chief

Black money's elimination critical to broadening tax base: PBIF chief

Pakistan Businessmen and Intellectuals Forum's (PBIF) president Mian Zahid Hussain has said that elimination of black economy was vital for broadening the tax base, facilitating trade and investment, reducing cash economy and corruption. Hailing the recen
Published 06 Feb, 2016 12:00am
Black money's elimination critical to broadening tax base: PBIF chief

Black money's elimination critical to broadening tax base: PBIF chief

Pakistan Businessmen and Intellectuals Forum's (PBIF) president Mian Zahid Hussain has said that elimination of black economy was vital for broadening the tax base, facilitating trade and investment, reducing cash economy and corruption. Hailing the recen
Published 06 Feb, 2016 12:00am
Levies man's murder: three accused sentenced to 126 years RI

Levies man's murder: three accused sentenced to 126 years RI

Political administration of Kurram Agency has sentenced three accused involved in murder of personnel of Levies Force to a collective imprisonment of 126 years, besides imposition of a combined penalty of Rs 1.5 million and the payment of the equal amount
Published 06 Feb, 2016 12:00am
Cases against Lal Masjid cleric: Nisar to give briefing in Senate

Cases against Lal Masjid cleric: Nisar to give briefing in Senate

Interior Minister Chaudhry Nisar Ali Khan will give an extensive briefing in the Senate about ostensible cases against the Lal Masjid cleric Maulana Abdul Aziz on February 10. The Interior Minister has sought detailed record of the cases registered agains
Published 06 Feb, 2016 12:00am
Maleeha voices concern over increasing hate crimes targeting Muslims

Maleeha voices concern over increasing hate crimes targeting Muslims

Pakistani Ambassador Maleeha Lodhi and other speakers at an event held at the United Nations on Thursday voiced serious concern over the increasing hate crimes targeting Muslims in the West, saying that the most effective action to reverse this dangerous
Published 06 Feb, 2016 12:00am
12 million saplings to be planted in Punjab

12 million saplings to be planted in Punjab

The Punjab Forests department has decided to plant 12 million saplings under annual spring tree plantation campaign during the year 2016. Decision to this effect has been taken in principle and all arrangements have also been completed in this regard, sai
Published 06 Feb, 2016 12:00am
Bara Bazaar re-opens after 8 years

Bara Bazaar re-opens after 8 years

Bara Bazaar of Khyber Agency formally opened for general public after a long period of eight years. Political Agent, Khyber Agency, Shahab Ali Shah and local MNA Haji Nasir Khan Afridi formally inaugurated the opening of the bazaar through cutting the rib
Published 06 Feb, 2016 12:00am
Pakistan, OIC hold conference against Islamophobia

Pakistan, OIC hold conference against Islamophobia

A conference was conducted jointly by Pakistan and Organisation of Islamic Conference (OIC) in the United Nations (UN) against increasing Islamophobia in the world. Pakistan has voiced serious concern over the increasing hate crimes targeting Muslims in t
Published 06 Feb, 2016 12:00am
Data show: PSM employees getting salaries but showing no performance

Data show: PSM employees getting salaries but showing no performance

The management of Pakistan Steel Mills (PSM) has submitted details of contract employees and daily wagers to the federal government who are getting salaries without performance, well informed sources told Business Recorder. On January 29, 2016, Eco
Published 06 Feb, 2016 12:00am
Rapid progress possible only through eliminating corruption: DG NAB

Rapid progress possible only through eliminating corruption: DG NAB

The country would make rapid and fast progress in all fields with the elimination of corruption as it was adversely affecting social fabric. These views were expressed by Director General (DG) Awareness & Prevention of Corruption, National Accountability
Published 06 Feb, 2016 12:00am
Prime Minister for early completion of Murree uplift projects

Prime Minister for early completion of Murree uplift projects

Prime Minister Nawaz Sharif on Friday directed for ensuring all essential facilities at the earliest to facilitate and encourage tourists to visit Murree. The Prime Minister emphasised for establishment of quality health facilities and clean drinking wate
Published 06 Feb, 2016 12:00am
Expanding tax net:- appreciates efforts of FBR

Expanding tax net:- appreciates efforts of FBR

Finance Minister, Mohammad Ishaq Dar here on Friday chaired a meeting to review progress of revenue collection in the ongoing January- March quarter. The meeting also discussed the revenue targets set to be achieved during the period from January to June
Published 06 Feb, 2016 12:00am
BISP, PPAF, youth loan scheme: Dar reviews targets and achievements

BISP, PPAF, youth loan scheme: Dar reviews targets and achievements

A meeting to review government's initiatives for promoting financial inclusion in the country with Finance Minister Ishaq Dar in the chair was held here Friday during which matters relating to Benazir Income Support Program (BISP), Pakistan Poverty Allevi
Published 06 Feb, 2016 12:00am
Cotton hits four-month low
Cotton

Cotton hits four-month low

Cotton futures fell to a four-month low on Thursday as concerns around weaker economic data in the United States and uncertainty around China's plans to release its stockpile offset potentially bullish US export sales data and a weaker dollar. "There is s
Published 06 Feb, 2016 12:00am
Shanghai copper soars
Exchange

Shanghai copper soars

Shanghai Futures Exchange copper finished up 0.9 percent at 36,350 yuan ($5,534) a tonne on Friday in the last trading session before Lunar new Year. Trade will resume on Monday February 15. Ahead of the holiday, weekly copper, zinc and lead deliveries to
Published 06 Feb, 2016 12:00am
Copper slides, tin bucks weaker trend and rises one percent
Exchange

Copper slides, tin bucks weaker trend and rises one percent

Copper dropped on Friday after US jobs data kept alive speculation about a US rate hike later this year, boosting the dollar ahead of the Lunar New Year holiday in China. The dollar index bounced back from a week of heavy losses after a mixed US jobs repo
Published 06 Feb, 2016 12:00am
Rubber falls
Exchange

Rubber falls

Benchmark Tokyo rubber futures fell on Friday, ending the week down more than 2 percent, as investors unwound long positions amid scepticism about the impact of planned export cuts by Asia's top producers. The Tokyo Commodity Exchange (TOCOM) rubber contr
Published 06 Feb, 2016 12:00am
Wheat, corn and soya down

Wheat, corn and soya down

Wheat futures on the Chicago Board of Trade fell 1.5 percent on Thursday on disappointing US export sales data, traders said. Corn and soyabeans also fell, retreating from six-week highs set this week, on improving crop prospects in South America. At the
Published 06 Feb, 2016 12:00am
Palm oil hits nearly 21-month high
Vegetable Oil

Palm oil hits nearly 21-month high

Malaysian palm oil futures hit their highest level in nearly 21 months on Friday and posted their biggest weekly jump in over four months on short-covering ahead of a long weekend and concerns over declining production. The palm oil contract for April del
Published 06 Feb, 2016 12:00am
Raw sugar surges
Exchange

Raw sugar surges

ICE raw sugar futures rallied more than 3 percent on Friday, extending gains on chart-based buying after rebounding from a four-month low earlier in the week, and lifting the spot spread's premium further above a September low. Cocoa futures also rose, wi
Published 06 Feb, 2016 12:00am
Gold rises in New York

Gold rises in New York

Gold rose for a second day on Thursday, hitting three-month highs as the dollar continued to ease amid mounting doubts that the US Federal Reserve will raise interest rates this year due to global economic and financial headwinds. Analysts have said dovis
Published 06 Feb, 2016 12:00am
Gold flat in Asia

Gold flat in Asia

Gold was trading near its highest since October on Friday, on track for its strongest weekly gain in a month as the dollar was pressured by growing doubts the Federal Reserve can stick to its interest rate hike campaign. A shaky global economy has lifted
Published 06 Feb, 2016 12:00am
Gold slips in Europe
Exchange

Gold slips in Europe

The price of gold slipped back from three-month highs on Friday as a mixed US jobs report prompted investors to reassess the outlook for US interest rates this year and pushed the dollar higher. US non-farm payrolls rose by 151,000 in January, well below
Published 06 Feb, 2016 12:00am
Bahrain sugar refiner says new ME capacity unjustified

Bahrain sugar refiner says new ME capacity unjustified

Substantial new refining capacity for sugar coming onstream in the Middle East in the next few years is far in excess of forecast consumption, the head of Bahrain's Arabian Sugar Refinery said on Wednesday. "It is difficult to understand the logic behind
Published 06 Feb, 2016 12:00am
Oil falls in volatile trade as glut concerns face Opec cut uncertainty

Oil falls in volatile trade as glut concerns face Opec cut uncertainty

Oil prices ended the week lower in choppy trading on Friday, snapping two weeks of gains, as a frenzy of speculation about a possible deal between top oil producers clashed with concerns about a growing supply glut. After a volatile week's trading, much i
Published 06 Feb, 2016 12:00am
US MIDDAY: Wheat falls

US MIDDAY: Wheat falls

US wheat futures slumped for a second session early on Friday, anchored by ample global supplies and after top importer Egypt cancelled a tender for the second time this week. Corn and soyabeans were also lower at the Chicago Board of Trade, with all thre
Published 06 Feb, 2016 12:00am
US MIDDAY: gold soars
Exchange

US MIDDAY: gold soars

Gold rose to a three-month high in volatile trade on Friday, as a mixed US jobs report prompted investors to reassess the outlook for US interest rates this year, putting bullion on track for its strongest weekly performance in more than a year. US employ
Published 06 Feb, 2016 12:00am
Peace in Karachi

Peace in Karachi

It is highly encouraging to note that DG Rangers Sindh Major General Bilal Akbar has timely and effectively dispelled the impression that the ongoing Karachi operation is losing its pace. According to him, "If there are fewer terrorists, there will be les
Published 06 Feb, 2016 12:00am
Rising Rubio could break from Republican pack in New Hampshire

Rising Rubio could break from Republican pack in New Hampshire

Republican candidate Marco Rubio netted a strong third place in the Iowa caucuses. Can he capitalise on the momentum to emerge as the party's choice for president? Marco Rubio has a target on his back. The Republican senator from Florida finished only thi
Published 06 Feb, 2016 12:00am
Corridor earns critical credibility

Corridor earns critical credibility

Wednesday's inauguration by Prime Minister Nawaz Sharif of a 193km-long motorway in Balochistan marks the first important milestone in the progress of China-Pakistan Economic Corridor. This Rs 13 billion Gwadar-Turbat-Hoshab road connecting western, centr
Published 06 Feb, 2016 12:00am
The mounting economic cost of PIA strike
Exchange

The mounting economic cost of PIA strike

Pakistan International Airlines (PIA) spokesman informed the media that as a back-up plan the corporation is in talks with Etihad and Turkish airlines to facilitate passengers going to and coming from the West notably the US, Canada and Europe; and additi
Published 06 Feb, 2016 12:00am
Zika-hit nations should allow access to contraception, abortion: UN

Zika-hit nations should allow access to contraception, abortion: UN

The United Nations on Friday urged countries hit by the dangerous Zika virus to let women have access to contraception and abortion. The UN human rights office said the South American countries now urging women to hold off getting pregnant over Zika fears
Published 06 Feb, 2016 12:00am
Zika-hit nations should allow access to contraception, abortion: UN

Zika-hit nations should allow access to contraception, abortion: UN

The United Nations on Friday urged countries hit by the dangerous Zika virus to let women have access to contraception and abortion. The UN human rights office said the South American countries now urging women to hold off getting pregnant over Zika fears
Published 06 Feb, 2016 12:00am
Shahid Zulfiqar appointed CEO of Nandipur Power Plant

Shahid Zulfiqar appointed CEO of Nandipur Power Plant

The Ministry of Water and Power has appointed Shahid Zulfiqar Khan as Chief Executive Officer (CEO) Nandipur Power Plant after seeking approval from Prime Minister Nawaz Sharif and adopting due process provided under the Public Sector Companies (Corporate
Published 06 Feb, 2016 12:00am
Shahid Zulfiqar appointed CEO of Nandipur Power Plant

Shahid Zulfiqar appointed CEO of Nandipur Power Plant

The Ministry of Water and Power has appointed Shahid Zulfiqar Khan as Chief Executive Officer (CEO) Nandipur Power Plant after seeking approval from Prime Minister Nawaz Sharif and adopting due process provided under the Public Sector Companies (Corporate
Published 06 Feb, 2016 12:00am
Shahid Zulfiqar appointed CEO of Nandipur Power Plant

Shahid Zulfiqar appointed CEO of Nandipur Power Plant

The Ministry of Water and Power has appointed Shahid Zulfiqar Khan as Chief Executive Officer (CEO) Nandipur Power Plant after seeking approval from Prime Minister Nawaz Sharif and adopting due process provided under the Public Sector Companies (Corporate
Published 06 Feb, 2016 12:00am
Swiss bank Julius Baer says deal done with US on tax-dodging case

Swiss bank Julius Baer says deal done with US on tax-dodging case

Swiss private bank Julius Baer said Friday it had finalised an agreement with US authorities, paying $547 million to end a criminal investigation into claims that it helped rich Americans dodge taxes. "Being able to close this regrettable legacy issue is
Published 06 Feb, 2016 12:00am
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