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Dec 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-04-17
Yuan steadies

Yuan steadies

China's yuan held steady against the dollar and traded narrowly on Wednesday, shrugging off the impact of a midpoint at seven-month lows and sluggish economic growth in the first quarter. Spot yuan changed hands at 6.2234 at midday, little changed from Tu
Published 17 Apr, 2014 12:00am
Aussie off lows, yen down in Asia

Aussie off lows, yen down in Asia

The Australian dollar pared losses on Wednesday after China's first-quarter economic growth slightly exceeded expectations and helped underpin risk sentiment. The safe-haven yen slipped as Tokyo shares extended gains following vague comments from Japanese
Published 17 Apr, 2014 12:00am
Yen falls versus dollar, euro in London

Yen falls versus dollar, euro in London

The yen fell against the dollar and the euro on Wednesday, hit by comments by Japan's finance minister that traders took as a sign of future buying of Tokyo stocks by its state pension fund. The other big in European was sterling, driven higher by more up
Published 17 Apr, 2014 12:00am
Early trade in New York: dollar edges lower against euro

Early trade in New York: dollar edges lower against euro

The dollar edged lower against the euro for the first time in four trading sessions on Wednesday ahead of Federal Reserve Chair Janet Yellen's comments, but rose against the yen on signs of future buying of Tokyo stocks by Japan's state pension fund. Trad
Published 17 Apr, 2014 12:00am
Dollar pares gains versus euro in New York

Dollar pares gains versus euro in New York

The dollar pared gains against the euro on Tuesday after rising tensions in Ukraine sent US bond yields lower and capped demand for the US currency. Russia declared Ukraine on the brink of civil war on Tuesday as Kiev said an "anti-terrorist operation" ag
Published 17 Apr, 2014 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 77.66-77.67 (77.67-77.6725). Call Money Rates: 07.15-08.25 percent (previous 05.00-08.50 percent). ( revised).
Published 17 Apr, 2014 12:00am
Australian dollar pares losses

Australian dollar pares losses

The Australian dollar perked up slightly on Wednesday after data from China was not as dire as feared, but soft inflation figures at home kept the New Zealand dollar under pressure. The latest reading on China showed the economy grew at an annual pace of
Published 17 Apr, 2014 12:00am
Indian rupee stays lower

Indian rupee stays lower

The Indian rupee dropped for a third straight session on Wednesday, its worst falling streak since late-January, as profit-taking in the domestic sharemarket by offshore investors hurt the local unit. Investors in India are looking forward to the conclusi
Published 17 Apr, 2014 12:00am
Asia FX turn higher

Asia FX turn higher

Most emerging Asian currencies turned higher on Wednesday after better-than-expected Chinese first-quarter growth data eased concerns over a sharp slowdown in the world's second-largest economy. China's economy grew 7.4 percent in the first quarter from a
Published 17 Apr, 2014 12:00am
Sterling rises versus euro

Sterling rises versus euro

Sterling rose to its highest level in more than a month against the euro on Wednesday, after British data showed the jobless rate falling to a five-year low and wage growth picking up to match inflation for the first time in nearly four years. The better-
Published 17 Apr, 2014 12:00am
FIFA says no request to switch Crimean clubs to Russia

FIFA says no request to switch Crimean clubs to Russia

World football's governing body FIFA on Wednesday said it had received no request to shift Crimean clubs from the Ukrainian to the Russian league, despite Moscow's annexation of the Ukrainian province. "FIFA has not received any request for any change of
Published 17 Apr, 2014 12:00am
Man City players world's top earners

Man City players world's top earners

Footballers with English Premier League club Manchester City are the most highly-paid athletes in global sport, according to a study published on Wednesday. The study, carried out by Britain's Sporting Intelligence website, found that the average annual s
Published 17 Apr, 2014 12:00am
UEFA probes clubs' finances

UEFA probes clubs' finances

UEFA on Wednesday investigated the accounts of top European clubs to see if they complied with financial fair play rules, but declined to comment on reports that Manchester City and Paris Saint-Germain both faced punishment. A UEFA spokesman told AFP that
Published 17 Apr, 2014 12:00am
Asian Cup 2019 expanded to 24 teams

Asian Cup 2019 expanded to 24 teams

Asia's football body Wednesday announced an expansion of the flagship Asian Cup from 16 to 24 teams but killed off the lower-level Challenge Cup as part of a regional shake-up. The 2019 Asian Cup will climb to 24 teams but next month's Challenge Cup in th
Published 17 Apr, 2014 12:00am
Pohang steal into Asia's last 16

Pohang steal into Asia's last 16

Pohang Steelers became the first East Asian team to reach the AFC Champions League last 16 Wednesday as an upset and a late own goal elsewhere set up a tense final round of group games. The 2009 winners from South Korea beat Uruguay star Diego Forlan's Ce
Published 17 Apr, 2014 12:00am
Umar Akmal in trouble over wedding party

Umar Akmal in trouble over wedding party

Pakistani batsman Umar Akmal could be in fresh trouble with the law after a party for his wedding breached local rules restricting marriage celebrations, police said Wednesday. Officers in the eastern city of Lahore said the 23-year-old international held
Published 17 Apr, 2014 12:00am
PTCL's Inter-Media Cricket tournament in full swing

PTCL's Inter-Media Cricket tournament in full swing

The Inter-Media Cricket tournament organised by Pakistan Telecommunications Company Limited (PTCL) continues in full swing here in the federal capital. The tournament, organised in collaboration with National Press Club, comprises teams belonging to natio
Published 17 Apr, 2014 12:00am
Cibulkova home and dry in rain-soaked Malaysia

Cibulkova home and dry in rain-soaked Malaysia

Top seed Dominika Cibulkova finally got on court Wednesday and registered a crushing 6-1, 6-3 win over Turkey's Pemra Özgen in another rain-interrupted day at the BMW Malaysian Open. The Slovakian world number 10's game was delayed due to a late afternoon
Published 17 Apr, 2014 12:00am
Grand Slam winning trio ease into Masters third round

Grand Slam winning trio ease into Masters third round

Grand Slam winning trio Rafael Nadal, Roger Federer and Stanislas Wawrinka all looked in sublime form as they progressed to the third round of the Monte Carlo Masters with straight set victories on Wednesday. Top seed Nadal, champion at eight of the last
Published 17 Apr, 2014 12:00am
Pakistan names new hockey coaches

Pakistan names new hockey coaches

Pakistan named new coaches for their senior and junior hockey teams Wednesday as they try to drag themselves out of a slump and revive past glories. Pakistan failed to qualify for the World Cup to be held in the Netherlands in June - the first time they h
Published 17 Apr, 2014 12:00am
Under-privileged residents: K-Electric launches low-cost meters scheme

Under-privileged residents: K-Electric launches low-cost meters scheme

In a press statement, K-Electric has announced that the company successfully launched its low-cost meter scheme on easy instalments for the under-privileged society of Syed Village who were till now using illegal hook connections. KE, who has aggressively
Published 17 Apr, 2014 12:00am
NGOs, parents urged to help reopen closed schools

NGOs, parents urged to help reopen closed schools

The Deputy Commissioner Matiari has stressed upon the NGOs, parents and every individual of the society to help the government for opening of closed schools and to ensure availability of teachers in schools. He also asked them to identify the ghost teache
Published 17 Apr, 2014 12:00am
Saudi aviation to ban PIA flights from today

Saudi aviation to ban PIA flights from today

Misfortune seldom comes alone. Pakistan International Airlines which has been under stress and pressures of different kinds from aviation authorities of several countries since last many months has finally got the hit. Saudi Aviation Authority has given n
Published 17 Apr, 2014 12:00am
MOL Group wins HR.com's Leadership 500 Award

MOL Group wins HR.com's Leadership 500 Award

MOL Group's LEAD programme has been selected as best in the category of international companies of HR.com's Leadership 500 Award. The prestigious award acknowledges MOL Group's efforts in attracting and developing top talents globally. HR.com organisation
Published 17 Apr, 2014 12:00am
FPCCI to hold single country exhibition in Saudi Arabia

FPCCI to hold single country exhibition in Saudi Arabia

The Federation of Pakistan Chamber of Commerce and Industry in collaboration with the Council of Saudi Chambers will hold a Pakistan Single Country Show in Saudi Arabia. This was stated by Khurram Sayeed, Vice President FPCCI at the conclusion of meeting
Published 17 Apr, 2014 12:00am
Economy on the upward curve - II

Economy on the upward curve - II

These claims have not only been endorsed by the Gallup but also the IMF and the World Bank. The IMF chief of Mission in Pakistan Jeffery Franks addressing IMF Conference Call on Pakistan recently remarked "The overall economic situation in Pakistan is gra
Published 17 Apr, 2014 12:00am
Bonds shine again as Great Rotation gives way to Asset Reflation

Bonds shine again as Great Rotation gives way to Asset Reflation

Last Thursday morning investors queued around the block to buy the bonds of recent defaulter Greece, and by the end of the day were selling US tech stocks furiously. In an investment world so used to the concept of 'risk on' or 'risk off' over recent turb
Published 17 Apr, 2014 12:00am
Legality of withholding of sales tax refunds

Legality of withholding of sales tax refunds

A claimant who was engaged in the manufacture and subsequent export of textile products filed application for refund of his input tax. In order to produce these marketable goods he uses different materials. These raw materials are known as inputs which ar
Published 17 Apr, 2014 12:00am
VIEWPOINT: Of dignity and pride

VIEWPOINT: Of dignity and pride

According to our commentariat and chattering classes, the Army is very, very angry because of their ex-chief General Pervez Musharraf being pushed around by 'bloody civilians'. CoAS General Raheel Sharif has been under pressure from his men, we are told,
Published 17 Apr, 2014 12:00am
Parliamentary summons for the PM

Parliamentary summons for the PM

One terrible lesson the West Pakistanis learnt from the break-up of the country in 1971 was that single-house parliament was antithetical to federalism which Pakistan was as it then existed in two units set apart by a thousand of miles. Both the 1956 and
Published 17 Apr, 2014 12:00am
3G/4G auction

3G/4G auction

Pakistan Telecommunications Authority (PTA) received four bids for spectrum auction for the next generation of mobile services by the 14th April deadline. The contenders include China Mobile, PTCL (Ufone), Mobilink and Telenor. Turkcell did not participat
Published 17 Apr, 2014 12:00am
LDA to auction 38 plots today

LDA to auction 38 plots today

Lahore Development Authority (LDA) will auction 38 plots on Thursday (today) at LDA Community Centre. These plots include 26 commercial plots, situated on prime locations of Johar Town, Sabzazar, Jubilee Town and Gujjar Pura as well as 12 residential plot
Published 17 Apr, 2014 12:00am
DHA Lahore to observe 'cleanliness, dengue awareness week'

DHA Lahore to observe 'cleanliness, dengue awareness week'

Defence Housing Authority (DHA) Lahore will observe 'Cleanliness/ Dengue Awareness Week' from Friday 27th April to 2nd May. According to DHA spokesman, the event aims to motivate the residents, institutions within DHA, business community as well as the ge
Published 17 Apr, 2014 12:00am
Anti-dengue measures: progress towards implementation reviewed

Anti-dengue measures: progress towards implementation reviewed

DCO Noorul Amin Mengal has ordered to register a case against persons showing negligence in removing the dengue larva breeding from any public or private premises. He was presiding over a meeting to review the pace of implementation on anti-dengue measure
Published 17 Apr, 2014 12:00am
Two more kids die of measles in North Waziristan

Two more kids die of measles in North Waziristan

Two more children suffering from measles died in North Waziristan, taking the death toll to four in the district on Wednesday. The latest deaths are reported from Tehsil Shehwa of North Waziristan. According to health department officials, Pakistan is amo
Published 17 Apr, 2014 12:00am
Taliban talks: government chooses weak dialogue mechanism: JUI-F

Taliban talks: government chooses weak dialogue mechanism: JUI-F

The spokesperson of JUI-F, Jan Achakzai, has expressed disappointment that government has failed to capitalise on ceasefire by choosing weak dialogue mechanism and dragging feet on meaningful confidence building measures during the ceasefire period. In a
Published 17 Apr, 2014 12:00am
Nestle launches Healthy Women programme at FC College

Nestle launches Healthy Women programme at FC College

Nestlé, the world's leading Nutrition, Health and Wellness (NHW) Company, launched the pilot of its Healthy Women programme Wednesday at the Forman Christian (FC) College, Lahore. During the three-month program, 100 female students of FC College between t
Published 17 Apr, 2014 12:00am
Punjab government decides to set up Adventure Park in Lahore: Mashhood

Punjab government decides to set up Adventure Park in Lahore: Mashhood

Punjab government has decided to set up Punjab Adventure Park on 64 kanal lands at Harbanspura Lahore. A stadium will be constructed on 32 kanal at this proposed park with a capacity of 5,000 spectators. There will be complete security arrangements for ri
Published 17 Apr, 2014 12:00am
Leadership moving ahead with a clear roadmap: Hamza

Leadership moving ahead with a clear roadmap: Hamza

Central leader of Pakistan Muslim League-N Hamza Shahbaz Sharif MNA said present leadership is moving ahead with a clear roadmap of economic development and resolution of people's problems. While addressing the meeting of party office-bearers in Lahore, H
Published 17 Apr, 2014 12:00am
Kharif crops: PPCBL begins disbursement of loans

Kharif crops: PPCBL begins disbursement of loans

The Punjab Provincial Co-operative Bank has started disbursement of Rs 2.5 billion agriculture loans for sowing, growing and maturing of Kharif crops 2014 including cotton, rice, sugarcane, maize, vegetables, fodder and fruits orchards.
Published 17 Apr, 2014 12:00am
Transfers, postings in FBR

Transfers, postings in FBR

The Federal Board of Revenue (FBR) has transferred and posted six senior officials of Pakistan Customs Services (BS-21) with immediate effect.
Published 17 Apr, 2014 12:00am
NAB chairman case: hearing adjourned till today

NAB chairman case: hearing adjourned till today

The Supreme Court on Wednesday adjourned the proceedings of a petition filed against the appointment of Chairman National Accountability Bureau (NAB) till today (Thursday). A three-member bench headed by Justice Nasir-ul-Mulk resumed the hearing of a peti
Published 17 Apr, 2014 12:00am
Petition filed in SHC

Petition filed in SHC

A petition has been filed in the High Court of Sindh against Ministry of Finance, Ministry of Petroleum and Natural Resources, Privatization Commission, Pakistan Petroleum Limited and The Trustees PPL Employees Empowerment Trust against their alleged plan
Published 17 Apr, 2014 12:00am
KATI concerned over bad law, order situation

KATI concerned over bad law, order situation

The chairman of Law and Order Committee of Korangi Association of Trade and Industry (KATI), Nadeem Khan, has expressed his concern over increasing incidents of targeted killings and prevailing law and order situation in the provincial metropolis and said
Published 17 Apr, 2014 12:00am
National Assembly body proposes new name for Information Ministry

National Assembly body proposes new name for Information Ministry

A parliamentary panel on Wednesday proposed a new name for the Ministry of Information, Broadcasting and National Heritage, as 'Ministry for Public Information, Media and National Heritage'. The National Assembly Standing committee on Information, Broadca
Published 17 Apr, 2014 12:00am
Khyber Pakhtunkhwa launches independent monitoring system for schools

Khyber Pakhtunkhwa launches independent monitoring system for schools

KP Chief Minister Pervez Khattak has said that the introduction of a comprehensive system for pinpointing ghost schools, ghost and proxy teachers and attendance of both students and children is the need of the hour to bring positive changes in education s
Published 17 Apr, 2014 12:00am
FBR busts gang involved in tax fraud

FBR busts gang involved in tax fraud

The Directorate of Intelligence & Investigation, Inland Revenue (IR), Faisalabad on Wednesday busted a gang involved in tax fraud and arrested its three key members, who caused massive loss to the national kitty. Sources told Business Recorder that
Published 17 Apr, 2014 12:00am
3G, 4G auction: PTA terms news report incorrect, baseless

3G, 4G auction: PTA terms news report incorrect, baseless

With reference to a story of Reuters titled "Pakistan's long-awaited 3G, 4G auction draws disappointing bids" a spokesman of PTA has denied assertions made in the story as incorrect and baseless. The spokesperson said the response received from four exist
Published 17 Apr, 2014 12:00am
IHC orders removal of Katchi Abadis in one week

IHC orders removal of Katchi Abadis in one week

The Islamabad High Court Wednesday directed the Federal Secretary Interior, Chairman Capital Development Authority (CDA) and Inspector General Police Islamabad to remove Katchi Abadis (slum areas) in the Federal Capital in one week. A single-member bench
Published 17 Apr, 2014 12:00am
Mutual fund industry: Dar, Mufap chief discuss growth potential

Mutual fund industry: Dar, Mufap chief discuss growth potential

Chairman, Mutual Fund Association of Pakistan (MUFAP), Dr Amjad Waheed here on Wednesday called on Finance Minister, Senator Ishaq Dar and discussed growth development of mutual fund industry in Pakistan and tax related issues. Chairman MUFAP informed the
Published 17 Apr, 2014 12:00am
Mutual fund industry: Dar, Mufap chief discuss growth potential

Mutual fund industry: Dar, Mufap chief discuss growth potential

Chairman, Mutual Fund Association of Pakistan (MUFAP), Dr Amjad Waheed here on Wednesday called on Finance Minister, Senator Ishaq Dar and discussed growth development of mutual fund industry in Pakistan and tax related issues. Chairman MUFAP informed the
Published 17 Apr, 2014 12:00am
'Effective steps needed to control newborn deaths'

'Effective steps needed to control newborn deaths'

Speakers on Wednesday said that one out of 19 new born children dies in the first month of his/her birth, therefore effective measures be put in place to curb the menace. They said that newborn mortality rate in the country is increasing day-by-day in the
Published 17 Apr, 2014 12:00am
Appointments in PQA: hearing of case adjourned

Appointments in PQA: hearing of case adjourned

The Supreme Court on Wednesday adjourned for two weeks the proceedings of a case regarding illegal appointments in the Port Qasim Authority (PQA). A three-member bench headed by Chief Justice Tassaduq Hussain Jillani heard a contempt of court petition fil
Published 17 Apr, 2014 12:00am
Sindh Budget 2014-15: secretaries asked to furnish PSDP proposals

Sindh Budget 2014-15: secretaries asked to furnish PSDP proposals

The secretaries of all administrative departments of Sindh have been asked to submit schemes proposals of their respective departments to the Finance and Planning and Development departments so as to prepare the next fiscal year budget on time, it was lea
Published 17 Apr, 2014 12:00am
Sindh Budget 2014-15: secretaries asked to furnish PSDP proposals

Sindh Budget 2014-15: secretaries asked to furnish PSDP proposals

The secretaries of all administrative departments of Sindh have been asked to submit schemes proposals of their respective departments to the Finance and Planning and Development departments so as to prepare the next fiscal year budget on time, it was lea
Published 17 Apr, 2014 12:00am
PUC head: Tahir Ashrafi denounces PPO as oppressive law

PUC head: Tahir Ashrafi denounces PPO as oppressive law

Pakistan Ulema Conference (PUC) head Allama Tahir Ashrafi has termed the Pakistan Protection Ordinance (PPO) an oppressive law. Speaking at the Ulema Mashaikh Conference in Karachi on Wednesday, Allama Ashrafi categorically said the PPO was unacceptable.
Published 17 Apr, 2014 12:00am
Bosan to address farmers' convention today

Bosan to address farmers' convention today

Federal Minister for National Food Security and Research, Sikandar Hayat Khan Bosan will address Farmers' Convention in District Council Hall Jaffarabad on Thursday (today). According to an official handout on Wednesday, the daylong Farmers' Convention is
Published 17 Apr, 2014 12:00am
Ban on YouTube: SHC moved

Ban on YouTube: SHC moved

Sindh High Court (SHC) on Wednesday sought comments from secretary of Ministry of Information Technology and chairman Pakistan Telecommunication Authority (PTA) on a petition challenging a blanket ban on YouTube. A division bench headed by Justice Irfan S
Published 17 Apr, 2014 12:00am
Saarc Insurance Regulators moot ends with a message of collaboration

Saarc Insurance Regulators moot ends with a message of collaboration

The 2nd Saarc Insurance Regulators' Meet and International Conference held under the aegis of Security and Exchange Commission of Pakistan (SECP) concluded here on Wednesday, conveying the message of collaboration across the region. The second day of the
Published 17 Apr, 2014 12:00am
Saarc Insurance Regulators moot ends with a message of collaboration

Saarc Insurance Regulators moot ends with a message of collaboration

The 2nd Saarc Insurance Regulators' Meet and International Conference held under the aegis of Security and Exchange Commission of Pakistan (SECP) concluded here on Wednesday, conveying the message of collaboration across the region. The second day of the
Published 17 Apr, 2014 12:00am
Irani petrol, diesel stock seized

Irani petrol, diesel stock seized

Pakistan Coast Guards (PCG) and Pakistan Customs officials on Wednesday seized 19,000 litres of petrol and diesel on RCD Highway and Baba Island Keamari, Karachi. During joint raid with Pakistan Customs, PCG recovered about 15,000 litres Irani petrol from
Published 17 Apr, 2014 12:00am
Role of Master Mariners lauded

Role of Master Mariners lauded

President Captain Haleem Siddiqui in his inaugural address, welcoming the chief guest, valued invitees and honourable members of the society, deliberated the role of eminent mariners prior inception and thereafter 1947 to-date. He lauded the role of Maste
Published 17 Apr, 2014 12:00am
Cannes Film Festival: SZABIST's student documentary selected

Cannes Film Festival: SZABIST's student documentary selected

Seraj Us Salikin, a student of the Media Sciences Department of Shaheed Zulfiqar Ali Bhutto Institute of Science and Technology (SZABIST), directed and produced a short documentary film 'Masters of the Sky'. He produced this documentary as a final project
Published 17 Apr, 2014 12:00am
Cotton yarn exports fall by five percent in July-February

Cotton yarn exports fall by five percent in July-February

Exports of cotton yarn declined by over five percent to $1.376 billion during July-February 2013-14, official figures show. Exports of cotton yarn posted a fall of $79.405 million during July-February 2013-14 as compared to $1.456 billion exports in the s
Published 17 Apr, 2014 12:00am
Organisational changes in PIA BSA's provincial setup

Organisational changes in PIA BSA's provincial setup

With the consent of Provincial Commissioner, following changes/appointment in provincial setup in PIA Boy Scouts Association's provincial setup have been made in accordance with the provisions of PIA BSA Bye Laws, says a release here on Wednesday. Mehboob
Published 17 Apr, 2014 12:00am
Chamber's premises: KCCI, CPLC to set up Command, Control Centre

Chamber's premises: KCCI, CPLC to set up Command, Control Centre

The Karachi Chamber of Commerce and Industry (KCCI) and Citizens Police Liaison Committee (CPLC) have agreed to establish a state-of-the-art Command and Control Centre within the chamber's premises in order to facilitate the business community. The agreem
Published 17 Apr, 2014 12:00am
Khyber Pakhtunkhwa IGP visits police stations, bazaars in Swabi

Khyber Pakhtunkhwa IGP visits police stations, bazaars in Swabi

The KP Inspector General of Police (IGP), Nasir Khan Durrani on Wednesday paid a surprise visits to Swabi police lines, different police stations and various bazaars in district Swabi and reviewed the over all performance of the police. DPO Swabi Muhammad
Published 17 Apr, 2014 12:00am
Tour operating agency launched in Khyber Pakhtunkhwa

Tour operating agency launched in Khyber Pakhtunkhwa

The Tourism Corporation Khyber Pakhtunkhwa (TCKP) has launched a tour operating agency to promote tourism sector in the province. In this regard a ceremony was held at Tourist Information Centre, in which KP Minister for Tourism, Mehmood Khan was chief gu
Published 17 Apr, 2014 12:00am
FBR holds workshop in Hyderabad

FBR holds workshop in Hyderabad

The Federal Board of Revenue (FBR) on Wednesday organised workshop in Hyderabad to interact with the taxpayers regarding the role and responsibilities of Withholding Agents and to explain the various e-services extended to them through FBR's portal. Commi
Published 17 Apr, 2014 12:00am
Pakistan, Lithuania hold political consultations

Pakistan, Lithuania hold political consultations

Bilateral political consultations were held between Pakistan and Lithuania here on Wednesday. The Pakistan side was led by Nadeem Riyaz, Additional Secretary (Europe), whereas the Lithuanian delegation was headed by Ms Ina Marciulionyte, Director, Latin A
Published 17 Apr, 2014 12:00am
Mobilink launches 'Phone Trade Program'

Mobilink launches 'Phone Trade Program'

Mobilink has launched Pakistan's first "Phone Trade Program" enabling its customers to exchange their old cell phones with the latest 3G supported smart phones of their choice by paying the differential cost. The program is aimed at providing Mobilink cus
Published 17 Apr, 2014 12:00am
Threat of water scarcity: agriculture output may face severe setback

Threat of water scarcity: agriculture output may face severe setback

Pakistan agriculture production may face severe setback in years to come as the threat of water scarcity continues to looms large. The promotion of cost-effective efficient irrigation system and water storage capacity at the farm level can help fight the
Published 17 Apr, 2014 12:00am
LCCI makes efforts to resolve taxation related issues

LCCI makes efforts to resolve taxation related issues

Lahore Chamber of Commerce and Industry (LCCI) is making all out efforts to get resolved all the taxation related issues being faced by the business community. LCCI Vice President Kashif Anwar stated this while speaking at Annual General Meeting of the La
Published 17 Apr, 2014 12:00am
Double pension: Supreme Court dismisses Punjab government's petition

Double pension: Supreme Court dismisses Punjab government's petition

The Supreme Court has dismissed Punjab government's petition against payment of double pension to all pensioners crossing the age of 75 years after restoration of commuted portion of pension along with all increases announced by the government for pension
Published 17 Apr, 2014 12:00am
Three of a family affected by Swin flue

Three of a family affected by Swin flue

Three persons of same family including two women were diagnosed of swine flu positive here on Wednesday. Three affected persons resident of Kingniwala in Gujranwala were brought to hospital where the doctors took blood samples of them after which the pati
Published 17 Apr, 2014 12:00am
Skill Development for Economic Uplift project launched

Skill Development for Economic Uplift project launched

The Foundation for Rural Development (FRD), a non-governmental organisation with the support of Peshawar Uplift Program (PUP) formally inaugurated "Skill Development for Economic Uplift" project in Peshawar. The core objective of the project is women empo
Published 17 Apr, 2014 12:00am
Textile products worth $90 million being exported to Japan: TDAP

Textile products worth $90 million being exported to Japan: TDAP

Director General Trade Development Authority of Pakistan (TDAP) Lahore Sher Afgan Khan said Pakistan is exporting about $90 million worth of textile products to Japan but mostly raw material such as cotton yarn. He was addressing the workshop on 'how to a
Published 17 Apr, 2014 12:00am
'Abettors' must also be convicted: Gilani

'Abettors' must also be convicted: Gilani

Former prime minister Yousuf Raza Gilani said punishment of Pervez Musharraf alone in high treason case under Article 6 is not justified and against the spirit of justice. The allies of Musharraf who had endorsed and validated his decisions must be convic
Published 17 Apr, 2014 12:00am
UNHCR faults Cyprus on refugee protection

UNHCR faults Cyprus on refugee protection

The UN refugee agency on Wednesday accused EU member Cyprus of failing to provide effective protection for displaced foreigners seeking sanctuary on the island. A new law on refugees, published Tuesday, "curtailed essential rights of forcibly displaced pe
Published 17 Apr, 2014 12:00am
Twitter rules out Turkey office amid tax row

Twitter rules out Turkey office amid tax row

Social networking company Twitter on Wednesday rejected demands from the Turkish government to open an office there, following accusations of tax evasion and a two-week ban on the service. Speaking after two days of closed-door talks with Turkish official
Published 17 Apr, 2014 12:00am
Twitter rules out Turkey office amid tax row

Twitter rules out Turkey office amid tax row

Social networking company Twitter on Wednesday rejected demands from the Turkish government to open an office there, following accusations of tax evasion and a two-week ban on the service. Speaking after two days of closed-door talks with Turkish official
Published 17 Apr, 2014 12:00am
Thousands of workers strike at China shoe factory

Thousands of workers strike at China shoe factory

Tens of thousands of workers were on strike Wednesday at a factory in southern China which makes shoes for Nike and Adidas, rights groups and a worker said. More than 30,000 employees at the Yue Yuen Industrial (Holdings) factory in Dongguan city have bee
Published 17 Apr, 2014 12:00am
Bitcoin exchange MtGox in administration, bankruptcy eyed

Bitcoin exchange MtGox in administration, bankruptcy eyed

A Japanese court Wednesday placed failed Bitcoin exchange MtGox in administration, with an order for bankruptcy expected to be issued soon, its administrator and chief executive said. The move marks the acceptance that there is no viable way to rescue the
Published 17 Apr, 2014 12:00am
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