Fri February 12, 2016
Jamadi ul Awwal 03, 1437 A.H.
FBR targets real estate buyers, property investors
Broadening tax base KARACHI: The tax authorities have been working to clamp down on tax avoidance by real estate buyers and property investors in various priced projects in Karachi, an official told...
PQA slaps $20mln fee for LNG terminal
Hina Mahgul Rind
KARACHI: The Port Qasim Authority (PQA) will charge a fee of $20 million for issuing of no-objection certificate to an operator for setting up a liquefied natural gas (LNG) terminal. “All...
SNGPL reports net loss of Rs2.49bln in 2015
KARACHI: Sui Northern Gas Pipeline Limited (SNGPL) reported a net loss of Rs2.49 billion for the year ended June 30, 2015 due to lower sales and exorbitant cost of the sales,...
SECP registers 514 firms in Jan
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has registered 514 new companies in January, 23 percent more than last year’s same month. Around 89 percent companies have been registered...
Fed not likely to reverse course on rates despite risks
WASHINGTON:The Federal Reserve is unlikely to reverse its plan to raise interest rates further this year, but tighter credit markets, volatile financial markets, and uncertainty over Chinese economic growth have...
Forex reserves inch lower
KARACHI: Pakistan’s foreign exchange reserves marginally fell to $20.195 billion during the week ended February 5 from $20.275 billion a week ago, the central bank reported on Thursday. The reserves held...
Tesla expects to become profitable
BERLIN: Tesla Motors Inc Chief Executive Elon Musk on Wednesday promised investors that the electric luxury car maker will start making money this year, sending the company's shares up sharply...
Microfinance loses effectiveness in patriarchal societies
LAHORE: Empowering poor by lending small amounts particularly to women is considered to have an effective poverty-reducing impact but research has shown that the effectiveness of microfinance is lesser in...
DRAP warns of licence cancellation on drug price hike
KARACHI: The Drug Regulatory Authority of Pakistan (DRAP) has warned the pharmaceutical companies that increased the drug prices unilaterally, of cancellation of their licenses, monetary penalty and several other fines...
Privatisation – A recipe for success
KARACHI: It is true that the business of the government is not to do business. As much as possible, governments need to move state-owned enterprises (SOEs) into the private sector...
With oil free, Obama shows plan for sector-by-sector carbon price
LONDON: US President Barack Obama's budget would raise $319 billion over 10 years from the phased introduction of an oil fee equivalent to $10.25 per barrel on crude oil, according...
MCB, Easypaisa collaborate
LAHORE: MCB Bank and Easypaisa have collaborated to expand Pakistan’s first ever comprehensive online payment solution, “Easypay”. Through this facility, any individual having VISA or MasterCard Credit / Debit Cards,...
OUP partners up with Nestlé
KARACHI: Nestlé Pakistan recently signed an agreement with the Oxford University Press for curriculum development for Nestlé Healthy Kids (NHK) Programme, a statement said on Thursday. NHK Programme is a global...
KEL receives CSR Award
KARACHI: K-Electric Limited has earned the Corporate Social Responsibility Excellence Awards for the fifth time at the eighth International CSR Summit, a statement said on Thursday. The event was organised by...
CPEC offers agri opportunities
LAHORE: The Pak-China Economic Corridor project could emancipate the retreating agriculture potential of the country, said Shah Faisal Afridi, president Pak-China joint Chamber of Commerce and Industry. He said CPEC offers a...
UBL to integrate new technologies
KARACHI: United Bank Limited (UBL) and Silverlake Symmetri, a global technology leader, signed an agreement to implement various banking solutions, a statement said on Thursday. “They will work together...
Justice Dept sues Ferguson, Missouri
WASHINGTON: The US Justice Department sued Ferguson, Missouri, on Wednesday to force the city to change its police department and court system after the federal government found both to be...
ABL Asset Management launches free smartphone app
Karachi: In a launching ceremony held at Pakistan Stock Exchange (PSX), Mr. Farid Ahmed Khan, CEO of ABL Asset Management (ABL AMC) unveiled the first of its kind mobile application...
Central banks, Chinese buyers help spur gold demand
LONDON: Buying by central banks as well as Chinese investors seeking protection from a weakening currency helped lift demand for gold in the final quarter of last year and the...
Pakistan stocks slip below 32,000 points on foreign selling
Pakistan stocks slipped below 32,000 points on continuous foreign selling triggered by soft crude oil and weak regional markets, dealers said on Thursday. “Foreigners are selling shares under international pressure,” said...
Twitter’s CEO making big product changes, users not wowed
SAN FRANCISCO: Since returning to Twitter Inc in July, Chief Executive, Jack Dorsey has made a handful of dramatic changes to the micro-blogging service - and promised more. But the new...
Point of View
Alistair Hewitt Looking ahead, physical demand will continue to be supported by strong central bank purchases, and continued buying of jewellery, bars and coins by households across the world, led by...
Rupee remains firm
The rupee traded almost flat on Thursday due to smooth supply of the dollars at the currency market, dealers said. The rupee ended 104.68 against the dollar at the interbank...
Hot Now SINGAPORE: The dollar hit a 15-month low against the yen on Thursday after comments from Federal Reserve Chair Janet Yellen gave investors no reason to change their minds that...
Gold jumps to 8-1/2 months high
Reuters Singapore Gold climbed more than 1 percent to its highest in 8-1/2 months on Thursday after Federal Reserve Chair Janet Yellen stressed that U.S. interest rates would rise gradually. The Fed is...
Oil prices fall
Reuters Singapore Oil prices slid on Thursday as record U.S. crude inventories at the Cushing delivery point and worries about a global economic slowdown weighed on markets, and Goldman Sachs said prices...
Cotton prices steady
Obaid Abrar Khan
Reuters New Delhi Cotton prices remained firm on Thursday amid sustained buying from spinners, brokers said. Trading activity over the ready counter picked up momentum but still confined with quality lint, which was...
Freeport allowed copper exports
Reuters Jakarta Indonesia on Wednesday granted Freeport-McMoRan Inc a new six-month export permit for shipments from one of the world's largest copper mines, ending a near two-week stoppage due to a dispute...
Tamim powers Zalmi to win against United by 7 wickets
Dhawan, bowlers power India's series-levelling win
Islamabad set 153 for Peshawar in PSL T20
Peshawar Zalmi win toss, elect to field
Sri Lanka´s Perera grabs hat-trick against India
Al-Qaeda, LeJ, TTP involved in major terror incidents in...
US lauds Pakistan’s efforts to eliminate terrorism
TTP commander among 34 suspects arrested in Kohat
Three hand grenade attacks create panic in Karachi
Leaders and legacies
PIA strike: reminder of times past
The delivery of justice
Saving the airline
Impact of domestic violence
Hillary feels the Bern
Gold eyes best week in 4 years as market turmoil boosts haven appeal
Windies captain Sammy calls for mediation in T20 row
Brazil probes three deaths with Zika links, aims for vaccine in a year
Man charged with throwing alligator into fast food restaurant
Twitter to change homepage to customise tweet displays to individuals