Thu, Oct 23, 2014, Zul.Hajj 27,1435 A.H : Last updated 1 hour ago
 
 
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Editor-in-Chief: Mir Shakil-ur-Rahman
 
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Javed Mirza
KARACHI: Engro Elengy Terminal (Pvt) Ltd (ETPL), which will complete construction of the first liquefied natural gas (LNG) terminal by January 2015, will bid for the development of second terminal at Port Qasim as it aims to create a trading hub ...
 
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Mehtab Haider
ISLAMABAD: Renowned economists on Wednesday ruled out the possibility that the Federal Board of Revenue (FBR) will meet the revenue collection target for the current fiscal year, saying there was a flaw in the budget making process to slash fiscal ...
 
 
Shahnawaz Akhter
KARACHI: The appellate forum of the Pakistan Customs has held clearing agents responsible for the pilferage of Afghan transit goods within Pakistan territory, causing colossal loss to the national exchequer.
Rejecting the appeal filed by at ...
 
 

KARACHI: The financial close of Engro’s mine-mouth 660megawatts coal-fired power plant is likely to be delayed as the Chinese investors are asking either the company or the government must share 50 percent of the sponsor risk, an official said on ...
 
 
our correspondent
ISLAMABAD: The United Nations agencies are geared toward imparting skills to internally displaced persons (IDPs) of North Waziristan living in the district Bannu and helping them in finding employment opportunities.
In this regard, United ...
 
 
our correspondent
KARACHI: Consul General of Peoples Republic of China Ma Yaou has said that negotiations between Pakistan and China about the visit of Chinese President Xi Jinping are underway and he will visit the country soon, a statement said on ...
 
 
Mansoor Ahmad
LAHORE: Local economists are foreseeing recovery in international gold prices, taking a lead from the continuous battering of the commodity in the recent years.
In local market, gold prices started a downward movement. For example, the price of ...
 
 
Salman Siddiqui
KARACHI: The ratio of employment to arts and crafts’ graduates is almost 100 percent in Pakistan so that those universities and schools, which lack separate faculties, should do the needful, while institutions should finance varsities in doing so ...
 
 
our correspondent
LAHORE: Cotton prices have witnessed a steep decline, as buying by the Trading Corporation of Pakistan (TCP) has been delayed despite a clear resolve shown by the federal government, Pakistan Cotton Ginners Forum said on Wednesday.
The price of ...
 
 

PARIS: French oil major Total on Wednesday appointed refining head Patrick Pouyanne as chief executive and former CEO Thierry Desmarest as non-executive chairman.
The nominations at the head of the world’s fourth-largest integrated oil company ...
 
 
our correspondent
KARACHI: Zakaria Usman, president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday urged the Federal Board of Revenue (FBR) chairman to extend the last date for filing income tax return by the individuals up to ...
 
 
our correspondent
LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the Punjab government to declare Ferozepur Road Industrial Area as an industrial estate, a statement said on Wednesday.
The demand was raised by LCCI Vice President Syed ...
 
 
our correspondent
LAHORE: The Punjab Board of Investment and Trade (PBIT) facilitated a memorandum of understanding (MoU) between CINQO Traders Bahrain and Punjab Agriculture and Meat Company (PAMCO), a statement said on Wednesday.
According to the MoU, CINQO ...
 
 
News Desk
ISLAMABAD: The Pakistan Telecommunication Authority (PTA) in its ongoing efforts to control grey trafficking unearthed another illegal gateway exchange at Khudian Khas, Kasur District, a statement said on Wednesday.
A successful raid against the ...
 
 
our correspondent
LAHORE: Dr Helmut Koerber, a German International trainer on energy management, has urged the industrial sector of Pakistan to adopt the world’s best energy conservation practices to diminish the affects of prevailing energy crisis, a statement ...
 
 
our correspondent
KARACHI: Standard Chartered Bank Pakistan on Wednesday launched a new credit card, which will enable the cardholder to redeem reward points for buying airline tickets on any airline, said a statement on Wednesday.
“It is the only card in ...
 
 
our correspondent
SUKKUR: Sindh government has launched aerobic rice project to introduce new varieties and get maximum crop yield, said Dr Atta Hussain Soomro, director general of Agriculture Research Sindh, on Wednesday.
Dr Soomro, while addressing a seminar at ...
 
 

NEW YORK: Lifting restrictions on US crude oil exports could actually lower fuel prices for US motorists and other consumers by contributing to a drop in world oil prices, according to a report from an influential congressional watchdog released on ...
 
 
our correspondent
KARACHI: Maple Leaf Cement Factory (MLCF) announced its financial results in Wednesday, posting earnings of Rs545 million (earnings per share of Rs1.03) during the first quarter of FY15, declining by two percent on year-on-year basis as compared to ...
 
 
our correspondent
The Karachi Stock Exchange benchmark 100-index increased by 246 points on Wednesday on institutional buying and ease in political conditions, dealers said.
Faisal Bilwani, an analyst at Elixir Securities, said the equities closed with gains, ...
 
 

BERLIN/FRANKFURT: German airline Lufthansa is close to a deal to sell its IT infrastructure unit to IBM, including an outsourcing agreement for the services, as part of a shake-up of its technology activities, it said on Wednesday.
Europe’s ...
 
 
our correspondent
The rupee ended down by two paisas against the dollar in a dull trading session, as no major import payment demand was recorded for the foreign currency, dealers said.
The local currency ended 102.93 to a dollar in the interbank foreign exchange ...
 
 
LSE

The Lahore Stock Exchange registered a nominal increase of four points in the LSE-25 index to close below 5,285 points on Wednesday, dealers said.
Trading volumes were much higher than witnessed on the previous trading day.
Of the 112 ...
 
 
ISE


Bulls reappeared at the Islamabad Stock Exchange on Wednesday, as the ISE-10 index gained 33.96 points to close at 4,133.90 points, traders said.
Total turnover amounted to 2,000 shares as compared to the previous volume of 100,700 ...
 
 

MCB Bank Ltd remained the hot stock with an increase of Rs4.37 per share.
MCB’s 150,000 shares were traded, as it closed at Rs286.03 per share. An analyst said the share price increase was the result of in line financial results announced by the ...
 
 

NEW YORK: Apollo Global Management LLC plans to start raising between $2 billion and $3 billion for a second natural resources private equity fund, sources familiar with the situation said, in the latest sign that the firm is doubling down on the ...
 
 

Gold was trading near its highest level since early September on Wednesday, supported by concerns over slower economic growth in China, although expectations Asian physical demand may slacken kept gains in check.
Worries over the fate of the ...
 
 

Brent crude oil ended up almost one percent on Wednesday, helped by data showing stronger-than-expected China demand and some technical price recovery after weeks of almost uninterrupted selling.
Analysts and traders cautioned, however, that ...
 
 
our correspondent
Karachi
Trade turnover of cotton surged to a seven-month high of 33,600 bales (155 kilograms each) after price of the commodity declined considerably at the local markets, a dealer said on Wednesday.
“Price of high quality cotton has declined ...
 
 

China’s daily crude steel runs rose 1.3 percent in September to the highest level in three months, data from the country’s statistics agency showed, suggesting mills were still close to full capacity despite weak demand and a steep slump in ...
 
 

The sentiment turned positive overnight on good earnings reported by US corporate entities, much better than expected US existing home sales data
—Official at Credit ...