Vice Admiral Kaleem Shaukat appointed as Vice Chief of the Naval Staff
Vice Admiral Kaleem Shaukat has been appointed as Vice Chief of the Naval Staff . President of Pakistan Mamnoon...
Netflix renews ´Stranger Things´ for third season
“Stranger Things” fans, rejoice: more adventures in the Upside Down are on the way. Netflix said Friday it had...
Lebanon will only survive if Hezbollah disarms: Saudi minister
Saudi Arabia’s foreign minister said on Friday that Lebanon had been “hijacked” by Hezbollah and could only flourish if...
Civil Society Protest outside Lal Masjid over Peshawar tragedy
Civil Society held a protest demonstration outside Lal Masjid in Islamabad over the terror attack on army-run school in Peshawar that left 148 people dead, mostly students. The demonstrators also lit candles in the memory of Peshawar carnage victims. Read more
“No ban on implementation of Death Penalty” Ex CJ Chaudary Ifthikhar
Former Chief Justice of Pakistan, Justice (retd) Iftikhar Muhammad Chaudhry, earlier today said that there was already no ban on implementing capital punishment in the country. Talking to media outside Lady Reading Hospital after enquiring about the health of the children injured in the Peshawar school attack, the ex-CJP said an... Read more
First meeting of National Action Plan Committee to be held on Dec 19
The first meeting of the National Action Plan Committee on Thursday has been finalized to be held on December 19 at 4pm in the Parliament House. The meeting which will be held in the committee room of the House will be chaired by Interior Minister Chaudhry Nisar Ali Khan.... Read more
Historic moment: USA restores diplomatic relations with Cuba
The United States and Cuba agreed yesterday to formally restore diplomatic ties that Washington severed more than 50 years ago, and  President Barack Obama called for an end to the long economic embargo against one of its bitterest  Cold War adversaries. After 18 months of secret talks, Obama and Cuban President... Read more
53 antibiotics that may prove effective against Ebola Virus
In a big boost to the global fight against the deadly Ebola virus, scientists have found 53 existing drugs that may keep the Ebola virus from entering human cells, a key step in the process of infection. Among the better known drug types shown to hinder infection by an... Read more
Asif Sinan: One man show case for Pakistani music
“The World Islamic Economic Forum (WIEF) recognises the power of the creative and cultural sectors and the role it plays in bringing people together. It is also a recognition of my music which is grounded in both the East and the West,” says Asif Sinan, who has just returned... Read more
The Pakistani music industry has  numerous new artists entering the industry — Maha Ali Kazmi being one of them. She has so far released two music videos, Jana Nahin and Nazar. “I started singing when I was 16 years old and joined an underground band during my O levels,”... Read more
Palestinians seek Arab world’s support for UN resolution
The Palestinians yesterday sought Arab backing for a draft UN resolution that would set a two-year deadline for reaching a final settlement with Israel and pave the way to statehood. Jordan showed its reluctance to endorse the text, with the ambassador suggesting that a clash should be avoided at... Read more
WB approves $138m for improvements in Sindh irrigation system
The World Bank has approved US$138 million additional financing to the Sindh Water Sector Improvement Project to further improve efficiency and effectiveness of the distribution system of irrigation water in the province. The project will be executed in water boards of three areas – Ghotki, Nara and Left Bank... Read more
Yield on PIBs cut again

Yield on PIBs cut again

Business December 18, 2014 3

The bonds market got signal for further cut in interest rate, as cut-off yield on Pakistan Investment Bonds (PIBs) was again slashed up to 31 basis points yesterday. The State Bank reported that the yield on three-year bonds was cut by 30 basis points to 10.59 per cent, five-year... Read more
3 new commissioners appointed for SECP, CCP
The finance ministry has appointed three new commissioners at the Securities and Exchange Commission of Pakistan (SECP) and two members in Competition Commission of Pakistan (CCP). With the appointment of Mr M Zafar-ul-Haq Hijazi, Mr Akif Saeed and Mr Fida Hussain Samoo, the SECP now has five commissioners. Zafar-ul-Haq... Read more
New Zealand level series with Pakistan
New Zealand beat Pakistan by seven runs in an exciting finish to the fourth day-night international in Abdu Dhabi on Wednesday, levelling the five-match series at 2-2. Kane Williamson hit a 105-ball 123 to lift New Zealand to 299-5 in 50 overs before Pakistan managed 292-8 in 50 overs... Read more
Selective trading at cotton market
The cotton market yesterday witnessed selective trading in quality cotton from spinners and exporters. However, ginners were keen to hold back their stocks expecting price hike. Floor brokers said that reports of larger crop size than official estimates continue to depress lint prices. The phutti (seed cotton) arrivals up... Read more
Terrorist apologists are accomplices to murder of our children: Sherry Rehman
Friends of terrorists are traitors of Pakistan; their apologists are accomplices to murder of our children, Pakistan Peoples Party leader Sherry Rehman said on Thursday as she addressed a press conference in Peshawar. Accompanied by former prime minister Raja Pervaiz Ashraf, Rehman said time has come to draw a... Read more