FIA forms team to probe JIT’s allegations against SECP
The Federal Investigation Agency (FIA) has formed a four-member team to probe the allegations of the Panama Joint Investigation...
Nauman Ansari appointed CEO of Bank Alfalah
The board of directors of Bank Alfalah Limited has appointed  Nauman Ansari, formerly CEO of Faysal Bank as new...
Gen (R) Raheel issued NOC as per rules: Sartaj
The Foreign Office spokesperson Sartaj Aziz on Wednesday clarified that the government issued no-objection certificate (NOC) to General (Retd)...
HRW criticizes Pakistan executions
Rights groups Saturday condemned Pakistan’s decision to hang two convicted militants in its first executions for six years, as leaders vowed decisive action in the wake of a Taliban school massacre that left 149 people dead. The bloody rampage in the northwestern city of Peshawar on Tuesday sparked international outrage... Read more
Australia beat India by 4 wickets
Mitchell Johnson inspired Australia to a four-wicket win over India to take a 2-0 series-lead on the fourth day of the second Gabba Test on Saturday. The ICC Cricketer of the Year condemned India to defeat with a hostile spell of three for 10 in the space of 11... Read more
Pakistan need to improve fielding: Waqar
Pakistan coach Waqar Younis warned his team needed to improve before the World Cup while Kane Williamson hailed a “great achievement” after New Zealand win the one-day series 3-2 on Friday. Pakistan fell 68 runs short in their 276-run chase which prompted Waqar to call for extra hard work... Read more
Altaf Hussain demands that the Laal “mosque” terror shrine be burnt down
Calling for the closure of Jamia Hafsa, a seminary controlled by Islamabad’s Lal Masjid, Muttahida Qaumi Movement (MQM) chief Altaf Hussain yesterday, demanded of the government to arrest Maulana Abdul Aziz, the leader of the terrorist mosque. “Lal Masjid should be either demolished or burnt down for preaching terrorism,”... Read more
Trading steady on cotton market
Trading was steady on the cotton market yesterday as buyers kept looking for quality lint which is running in short supply. The underlying sentiment was firm but outlook rema­ined uncertain, brokers said. The rise in spot rates by the Karachi Cotton Association (KCA) and some revival in the world... Read more
SBP injects Rs.585bn into banking system
The State Bank on Friday injected Rs585 billion into the banking system, because of a liquidity crunch. The State Bank reported that the amount was injected for seven days. The banks accepted the entire money offered by the SBP. The banks are facing a widening liquidity gap as their... Read more
Siemens Pak. announces Rs10 dividend
In a meeting held in Dubai on Friday, the board of directors of Siemens Pakistan Engineering Company approved accounts and dividend for the year ended Sept 30, 2014. Final cash dividend at Rs10 or 100 per cent was declared. The company reported net loss for the year ended Sept... Read more
Large-scale manufactuering expands by 2pc in July-Oct
Large-scale manufacturing (LSM) posted a paltry growth of 1.95 per cent during the first four months of this fiscal year. The growth in the industrial output witnessed a decelerated trend in the month of September and October 2014 mainly because of lower supply of energy to industries, suggested data... Read more
Weekly inflation dips another 0.22pc
Weekly inflation for combined income group, measured through the Sensitive Price Index (SPI), witnessed a slight decline of 0.22 per cent for the week ending December 18 as compared to the previous week, Pakistan Bureau of Statistics data showed yesterday. SPI monitors prices of 53 items based on the... Read more
Stock index rises by 184 points in overnight rally
Stocks extended the rally yesterday with the KSE-100 index adding 183.70 points to close at 31,011.15. Investors were relieved over the end of foreign selling as a small Foreign Inves­tors Portfolio Investment (FIPI) was witnessed. Analyst Ovais Ahsan commented that the market closed on a strong note as the... Read more
Five Taliban militants killed in Karachi
Five Tehreek-e-Taliban Pakistan (TTP) terrorists were killed in encounters in different parts of Karachi. In a operation at Maripur, Crime Investigation Department (CID) shot dead two Taliban terrorists in an encounter. Law enforcement agencies took action against the militants after they received information about their presence in the area.... Read more
Aqeel Aka Dr. Usman execution carried out on Friday after the end of a six-year-old moratorium on capital punishment. Field General Court Martial (FGCM) had sentenced Aqeel aka Dr Usman to death for his involvement in a broad daylight attack on General Headquarters (GHQ), whereas Arshad Meherban was on... Read more
Two injured in Quetta gas blast
QUETTA: Two persons received minor injuries after a gas explosion in a house in Quetta on Saturday. According to Police, gas kept filling inside a room of the house due to a leakage. The explosion took place when the residents lit a match. No deaths were reported in the... Read more
ECC allows NBP to invest Rs.6.5bn in its Bangladesh branch
The Economic Coordination Committee of the Cabinet (ECC) on Friday has allowed National Bank of Pakistan (NBP) to invest Rs. 6.5 billion in its Bangladesh’s branch to resolve capital shortfall.  The meeting was chaired of Finance Minister Ishaq Dar. The decision was taken to fulfill minimum capital requirement. According to details,... Read more