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Apr 17, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-07-05
Investors punish Erste for new emerging Europe hit

Investors punish Erste for new emerging Europe hit

Investors wiped more than 1 billion euros ($1.4 billion) off Erste Group's market value and took evasive action against rivals on Friday on concerns the bank's warnings about Hungary and Romania could echo across the sector. Austria's Erste, emerging Euro
Published 05 Jul, 2014 12:00am
British bond premium over Bunds hit highest since 1997

British bond premium over Bunds hit highest since 1997

The yield premium between British and German bonds reached its highest in nearly 17 years on Friday, after events this week reinforced the view that the regions are on diverging monetary policy paths. While a slew of industry surveys backed up the view th
Published 05 Jul, 2014 12:00am
British bond premium over Bunds hit highest since 1997

British bond premium over Bunds hit highest since 1997

The yield premium between British and German bonds reached its highest in nearly 17 years on Friday, after events this week reinforced the view that the regions are on diverging monetary policy paths. While a slew of industry surveys backed up the view th
Published 05 Jul, 2014 12:00am
FTSE posts strong weekly gains on optimism over global economy

FTSE posts strong weekly gains on optimism over global economy

Britain's top share index hit a 3-1/2 week closing high on Friday and recorded strong gains on the week as investors took heart from further signs of improvement in the global economy. Budget airliner easyJet rose 1 percent, a top FTSE 100 performer, afte
Published 05 Jul, 2014 12:00am
Australian shares higher

Australian shares higher

Australian shares rose 0.6 percent to one-month highs on Friday, driven by gains in most major sectors as investors cheered brisk jobs growth in the United States and another record night on Wall Street. The S&P/ASX 200 index climbed 33.8 points to 5,525
Published 05 Jul, 2014 12:00am
Hong Kong shares flat; China stocks slip

Hong Kong shares flat; China stocks slip

Hong Kong shares ended flat Friday, with profit-taking wiping out early gains that came in response to a surge in US jobs in June and a record close on Wall Street. The benchmark Hang Seng Index edged up 14.92 points to 23,546.36 on turnover of HK$53.55 b
Published 05 Jul, 2014 12:00am
Slump in Erste Bank halts European stocks rally

Slump in Erste Bank halts European stocks rally

A slump in the shares of Austrian bank Erste hit the Vienna stock exchange on Friday and halted a rally on the broader European equity market which had hit multi-year highs this week. Erste dropped by 16 percent after the bank, which is the third-biggest
Published 05 Jul, 2014 12:00am
Sri Lankan stocks climb

Sri Lankan stocks climb

Sri Lankan stocks hit their highest closing level in more than 13 months on Friday, led by market heavyweight John Keells Holdings PLC despite foreigners selling risky assets. Foreign investors were net sellers for the first time in nine sessions, offload
Published 05 Jul, 2014 12:00am
Southeast Asian markets: Thai index near one-year high

Southeast Asian markets: Thai index near one-year high

Thailand's key stock market index posted a seventh straight gain to a near one-year high on Friday as the prospects of loan demand growth lifted banking stocks, while foreign buying of selected large caps in Indonesia took the benchmark there to a more th
Published 05 Jul, 2014 12:00am
Aussie bulls rue tough week

Aussie bulls rue tough week

The Australian dollar was poised to end the week on a downbeat note, having slid far from an eight-month high in a choppy week - a stark contrast with the much less eventful experience of its New Zealand counterpart. The Aussie last traded at $0.9356, not
Published 05 Jul, 2014 12:00am
Investors punish Erste for new emerging Europe hit

Investors punish Erste for new emerging Europe hit

Investors wiped more than 1 billion euros ($1.4 billion) off Erste Group's market value and took evasive action against rivals on Friday on concerns the bank's warnings about Hungary and Romania could echo across the sector. Austria's Erste, emerging Euro
Published 05 Jul, 2014 12:00am
Indian rupee little changed

Indian rupee little changed

The Indian rupee was little changed on Friday as caution set in ahead of Prime Minister Narendra Modi's maiden budget, although the currency posted its biggest weekly gain in 1-1/2 months on strong foreign inflows. The Reserve Bank of India was also spott
Published 05 Jul, 2014 12:00am
Dollar up on jobs cheer in Asia

Dollar up on jobs cheer in Asia

The dollar held firm at one-week highs on Friday, having pulled sharply ahead of its peers after surprisingly strong US jobs growth added to hopes the economy is pulling out of a first quarter slump. The dollar index climbed as far as 80.315 after US empl
Published 05 Jul, 2014 12:00am
Dollar stalls, Swedish crown down in London

Dollar stalls, Swedish crown down in London

The dollar failed to make much headway on Friday after a jump in US job creation left stock markets in an optimistic mood but did not convince traders it would be a trigger for the US Federal Reserve to move toward tighter monetary policy. Sterling, not f
Published 05 Jul, 2014 12:00am
Solid US jobs data fans Asia FX

Solid US jobs data fans Asia FX

Most emerging Asian currencies rose on Friday and were on track for weekly gains after surprisingly strong US jobs data boosted risk appetites rather than cause worries that the Federal Reserve might start raising interest rates. The ringgit hit its highe
Published 05 Jul, 2014 12:00am
Dollar climbs against yen in New York

Dollar climbs against yen in New York

The dollar climbed to a two-week peak against the yen on Thursday after data showing the US economy created far more jobs than expected last month, easing worries about its health entering the second half of the year. The euro, in contrast, dipped to one-
Published 05 Jul, 2014 12:00am
Sterling index hits near-six-year high

Sterling index hits near-six-year high

Sterling hit a near-six-year high against a basket of currencies on Friday, helped by a fifth straight week of gains against the struggling dollar and against a euro weakened by fresh worries about the prospect of quantitative easing. In contrast with the
Published 05 Jul, 2014 12:00am
HRW urges Pakistan to pull 'repressive' terror law

HRW urges Pakistan to pull 'repressive' terror law

Government's tough new anti-terror law gives a "green light for abusing suspects" and should be withdrawn, a rights group said Friday. Human Rights Watch (HRW) said the Protection of Pakistan Bill, passed by the Islamabad parliament on Wednesday, violated
Published 05 Jul, 2014 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (July 04, 2014).

Published 05 Jul, 2014 12:00am
Some other reasons behind Chaudhry Nisar's own aura of aloofness

Some other reasons behind Chaudhry Nisar's own aura of aloofness

The budget 2014-15 envisaged a reduction in the allocation for National Counter Terro-rism Authority (Nacta) to Rs 92 million from Rs 95 million in 2013-14, reflecting the lack of interest of the government to proactively combat terrorist threat which may
Published 05 Jul, 2014 12:00am
SBP raises eCIB charges up to 100 percent

SBP raises eCIB charges up to 100 percent

The State Bank of Pakistan (SBP) on Friday announced up to 100 percent increase in the Electronic Credit Information Bureau (eCIB) charges. The State Bank of Pakistan has issued CPD Circular Letter No 6 of 2014 on July 4, to the Presidents and Chief Execu
Published 05 Jul, 2014 12:00am
SBP raises eCIB charges up to 100 percent

SBP raises eCIB charges up to 100 percent

The State Bank of Pakistan (SBP) on Friday announced up to 100 percent increase in the Electronic Credit Information Bureau (eCIB) charges. The State Bank of Pakistan has issued CPD Circular Letter No 6 of 2014 on July 4, to the Presidents and Chief Execu
Published 05 Jul, 2014 12:00am
SBP raises eCIB charges up to 100 percent

SBP raises eCIB charges up to 100 percent

The State Bank of Pakistan (SBP) on Friday announced up to 100 percent increase in the Electronic Credit Information Bureau (eCIB) charges. The State Bank of Pakistan has issued CPD Circular Letter No 6 of 2014 on July 4, to the Presidents and Chief Execu
Published 05 Jul, 2014 12:00am
SBP raises eCIB charges up to 100 percent

SBP raises eCIB charges up to 100 percent

The State Bank of Pakistan (SBP) on Friday announced up to 100 percent increase in the Electronic Credit Information Bureau (eCIB) charges. The State Bank of Pakistan has issued CPD Circular Letter No 6 of 2014 on July 4, to the Presidents and Chief Execu
Published 05 Jul, 2014 12:00am
THE RUPEE: rates move both ways

THE RUPEE: rates move both ways

The rupee played both sides against the dollar on the currency market on Friday, dealers said. Commenting on the recent move by the State Bank of Pakistan (SBP), in which it allowed export of foreign currencies except dollars, some experts said the decisi
Published 05 Jul, 2014 12:00am
TDAP scam: Gilani, Fahim asked to appear before court on July 10

TDAP scam: Gilani, Fahim asked to appear before court on July 10

Central Special Court, Karachi, has summoned former Prime Minister Syed Yousuf Raza Gilani and former commerce minister Makhdom Amin Fahim to appear on July 10, 2014 in multi-billion fake trade subsidy scam of Trade Development Authority of Pakistan (TDAP
Published 05 Jul, 2014 12:00am
THE RUPEE: rates move both ways

THE RUPEE: rates move both ways

The rupee played both sides against the dollar on the currency market on Friday, dealers said. Commenting on the recent move by the State Bank of Pakistan (SBP), in which it allowed export of foreign currencies except dollars, some experts said the decisi
Published 05 Jul, 2014 12:00am
TDAP scam: Gilani, Fahim asked to appear before court on July 10

TDAP scam: Gilani, Fahim asked to appear before court on July 10

Central Special Court, Karachi, has summoned former Prime Minister Syed Yousuf Raza Gilani and former commerce minister Makhdom Amin Fahim to appear on July 10, 2014 in multi-billion fake trade subsidy scam of Trade Development Authority of Pakistan (TDAP
Published 05 Jul, 2014 12:00am
TDAP scam: Gilani, Fahim asked to appear before court on July 10

TDAP scam: Gilani, Fahim asked to appear before court on July 10

Central Special Court, Karachi, has summoned former Prime Minister Syed Yousuf Raza Gilani and former commerce minister Makhdom Amin Fahim to appear on July 10, 2014 in multi-billion fake trade subsidy scam of Trade Development Authority of Pakistan (TDAP
Published 05 Jul, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (July 04, 2014).

Published 05 Jul, 2014 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (July 04, 2014).

Published 05 Jul, 2014 12:00am
Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (July 04, 2014).

Published 05 Jul, 2014 12:00am
Former Cameron aide Coulson faces jail

Former Cameron aide Coulson faces jail

Andy Coulson, a former top aide to British Prime Minister David Cameron, faces jail on Friday when he is sentenced for his role in the phone-hacking scandal that brought down Rupert Murdoch's News of the World tabloid. Four ex-colleagues of the former new
Published 05 Jul, 2014 12:00am
Former Cameron aide Coulson faces jail

Former Cameron aide Coulson faces jail

Andy Coulson, a former top aide to British Prime Minister David Cameron, faces jail on Friday when he is sentenced for his role in the phone-hacking scandal that brought down Rupert Murdoch's News of the World tabloid. Four ex-colleagues of the former new
Published 05 Jul, 2014 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (July 04, 2014).

Published 05 Jul, 2014 12:00am
14th August 'long march': Imran presents terms for calling off

14th August 'long march': Imran presents terms for calling off

Pakistan Tehreek-e-Insaf Chief Imran Khan said on Friday that he will cancel his "14th August long march" if the federal government accepts his party's demand of scrutinising election results of four constituencies. The PTI chief presented his demands for
Published 05 Jul, 2014 12:00am
Poultry Rates

Poultry Rates

Wholesale poultry rates on Friday (July 04, 2014) and for Saturday (July 05, 2014).
Published 05 Jul, 2014 12:00am
Two killed in Karachi blast

Two killed in Karachi blast

Al least two people were killed and three others were injured in a blast that occurred near Makki Masjid, located in Saddar in the jurisdiction of Brigade police, here on Friday. According to police, the bomb blast took place when faithful were about to l
Published 05 Jul, 2014 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (July 04, 2014).

Published 05 Jul, 2014 12:00am
572,200 IDPs registered in Bannu

572,200 IDPs registered in Bannu

Commissioner Bannu division Syed Mohsin Shah on Friday said government has expedited relief efforts for facilitation of 572,200 registered internally displaced persons (IDPs) of North Waziristan Agency. The Commissioner told media that three additional re
Published 05 Jul, 2014 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 05 Jul, 2014 12:00am
Dar's take on PKR depreciation: some questions?

Dar's take on PKR depreciation: some questions?

Ishaq Dar is always good at choosing places and timings to deliver his best on economy; he is confident that he will never be challenged. This time he chose to give a written reply to the House to inform National Assembly about tax collection and gave his
Published 05 Jul, 2014 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 05 Jul, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (July 04, 2014).

Published 05 Jul, 2014 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (July 04, 2014).

Published 05 Jul, 2014 12:00am
The Weather

The Weather

The weather report on Friday (July 04, 2014) and the forecast for Saturday (July 05, 2014).

Published 05 Jul, 2014 12:00am
Rashid, Qadri should realise gravity of situation: Mashhood

Rashid, Qadri should realise gravity of situation: Mashhood

Punjab Law Minister Rana Mashhood Ahmed Khan has said that there was a need of unity against terrorism, therefore, Maulana Qadri and Sheikh Rasheed should realise the gravity of the situation. He said the nation wanted that the country should be put on th
Published 05 Jul, 2014 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on July 01, 2014.

Published 05 Jul, 2014 12:00am
Lesco's sacked chief, DO granted bail

Lesco's sacked chief, DO granted bail

A special judge here on Friday released Lesco sacked Chief Arshad Rafiq and Director Operations Mehboob Ali on bail. They were involved in a case of selling electricity quota of domestic consumer to blue-eyed industries by alleged misuse of authority. Fed
Published 05 Jul, 2014 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on July 01, 2014.

Published 05 Jul, 2014 12:00am
Incentive scheme shortly: Customers to be encouraged to demand receipts

Incentive scheme shortly: Customers to be encouraged to demand receipts

The Federal Board of Revenue (FBR) has informed Chief Commissioners of Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) that an incentive scheme would be announced to encourage customers to demand proper receipts from retailers operating across
Published 05 Jul, 2014 12:00am
PQFTL announces unit prices

PQFTL announces unit prices

Pak-Qatar Family Takaful Managed Fund (PQFTL) announced unit prices for the following funds on July 01, 2014.

Published 05 Jul, 2014 12:00am
Not the whole truth
Libor

Not the whole truth

The Finance Minister informed the National Assembly in a written response that the rupee depreciation during 2008-13 was a reflection of a weak overall balance of payment (BoP) position while the incumbent government took a number of steps that improved t
Published 05 Jul, 2014 12:00am
New law has some probability of success

New law has some probability of success

To effectively deal with an extraordinary challenge to its very existence the state of Pakistan desperately needed to put in place a legal framework matching the enormity of the threat. But it was not coming, as much for the reservations expressed by some
Published 05 Jul, 2014 12:00am
Lahore killings: Economic consequences

Lahore killings: Economic consequences

The inaction by the government is not understandable. All reasonable humans are furious at the various statements from the diehard loyalists of the PML-N. The issue is very simple and any one who has violated the principles as laid down in the Pakistan Pe
Published 05 Jul, 2014 12:00am
China web firms odds-on winners with World Cup gambling

China web firms odds-on winners with World Cup gambling

China's Internet giants and insurance companies are finding ever more innovative ways to get around the country's strict betting laws and reap a payout as fans wager billions on the World Cup. Gambling is banned in China, except where it is run by the gov
Published 05 Jul, 2014 12:00am
DR Congo's tshukudu, the all-purpose transport scooter

DR Congo's tshukudu, the all-purpose transport scooter

What do you do when you need to deliver several hundred pounds of potatoes, 150 stalks of sugar cane, 30 eucalyptus saplings and eight sacks of coal, without motorised transport? For residents of Goma, in the war-scarred east of the Democratic Republic of
Published 05 Jul, 2014 12:00am
NW operation and role of Afghanistan

NW operation and role of Afghanistan

How ironic however, it is that Tehreek-e-Taliban Pakistan chief Mullah Fazlullah is sitting across the Durand Line under the Afghan government's protection and oversight. Briefing the foreign media the other day, Pakistan army spokesman demanded Afghanist
Published 05 Jul, 2014 12:00am
FO says India released five Pakistani prisoners

FO says India released five Pakistani prisoners

Foreign Office on Friday said that India freed nine Pakistani prisoners and hoped that New Delhi would release all Pakistani prisoners who have completed their sentences but still languishing in its jails. According to Foreign Office Spokesperson Tasnim A
Published 05 Jul, 2014 12:00am
Preedy Street blast: Sindh governor seeks report

Preedy Street blast: Sindh governor seeks report

Governor Sindh, Dr Ishrat ul Ebad Khan, has expressed grief over deaths in a bomb blast outside Mahajir Makki Masjid at Preedy Street Saddar area of Karachi on Friday. The governor sought a report of the incident from Inspector General Police Sindh and di
Published 05 Jul, 2014 12:00am
Altaf condemns blast

Altaf condemns blast

MQM leader Altaf Hussain has strongly condemned the bomb blast in Saddar area of the city on Friday. "Our patriotic people who love their country and armed forces would never surrender to brutal terrorists", he said in a statement received here. He appeal
Published 05 Jul, 2014 12:00am
Indus, Jhelum, Chenab rivers in low flood

Indus, Jhelum, Chenab rivers in low flood

Indus, Jhelum and Chenab rivers are in low flood and River Kabul in medium flood as the first spell of regular monsoon rains confined over upper parts of the country in the first week of July 2014, Flood Forecasting Centre said here on Friday. It said the
Published 05 Jul, 2014 12:00am
CNG stations: Taxmen asked to ensure collection of taxes

CNG stations: Taxmen asked to ensure collection of taxes

The Federal Board of Revenue (FBR) Friday directed field formations to ensure that the gas distribution companies properly charge and deposit the sales tax from CNG stations, according to budget instructions issued on Finance Act 2014.
Published 05 Jul, 2014 12:00am
Armed forces fighting for country's survival: Shahbaz

Armed forces fighting for country's survival: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said that brave armed forces of Pakistan are fighting for the survival of the country. He said lakhs of Pakhtun brethren and sisters had been forced to leave their homes due to the war against terrorism and were wa
Published 05 Jul, 2014 12:00am
Karachi airport attack: CAA rejects inquiry body's report

Karachi airport attack: CAA rejects inquiry body's report

The Civil Aviation Authority (CAA) has rejected the report of inquiry committee probing the Karachi airport attack. In the report, it was stated that the action should be taken against the Airport Manager, Manager of the Fire Department and the General Ma
Published 05 Jul, 2014 12:00am
Militants storm police station in Diamir

Militants storm police station in Diamir

Dozens of militants forced their entry into a local police station here after midnight on Friday. The sources said that at least 40 militants wearing military fatigues entered the police station and held the staff hostage and trussed them up with ropes. T
Published 05 Jul, 2014 12:00am
Quake shakes northern parts

Quake shakes northern parts

A strong earthquake shook northern parts of the country on Friday. Panic gripped residents of Skardu, Astore and adjacent areas and they came out of their houses to save their lives. Reports said that though there was no report of any loss of life, but th
Published 05 Jul, 2014 12:00am
EDOs asked to personally supervise health programmes

EDOs asked to personally supervise health programmes

Secretary Health Punjab, Dr Ejaz Munir has directed EDOs Health of all districts to personally supervise health programmes and provide relief to the people by visiting health centers and hospitals. He said this while addressing EDOs Health Conference here
Published 05 Jul, 2014 12:00am
Appointment of IGP: Sindh rejects names proposed by centre

Appointment of IGP: Sindh rejects names proposed by centre

Sindh Government on Friday rejected the three names proposed by the federal government for appointment as Inspector General of Police (IGP), Sindh. Talking to media, Sindh Information Minister Sharjeel Inaam Memon said that the provincial government did n
Published 05 Jul, 2014 12:00am
Qaim opens reconstructed roads in Site

Qaim opens reconstructed roads in Site

Site Association of Industry's (SAI) former chairman Zubair Motiwala has urged the Sindh Chief Minister Sindh Qaim Ali Shah to allocate some amount of property tax collected from Site industrial area for developing infrastructure of the area.
Published 05 Jul, 2014 12:00am
Protecting against floods: IRC gives technical approval to 7 schemes

Protecting against floods: IRC gives technical approval to 7 schemes

The Indus River Commission (IRC) in its 175th full committee meeting held under the Chairmanship of Chief Minister Sindh Syed Qaim Ali Shah at CM House Friday has accorded technical approval to 7 different flood protective and communication development sc
Published 05 Jul, 2014 12:00am
55,000MT of coal arrives from Australia

55,000MT of coal arrives from Australia

Mega Ocean carrying 55,000 metric tons of metallurgical coal from Australia has berthed at Pakistan Steel Mills Jetty, Bin Qasim on Friday. Another ship Mega Lohori, carrying 55,000 metric tons of metallurgical coal from Australia has also reached at the
Published 05 Jul, 2014 12:00am
PPP won't let anyone derail democracy: Rabbani

PPP won't let anyone derail democracy: Rabbani

Pakistan People's Party (PPP) leader Senator Raza Rabbani has said that only democracy can save Pakistan, adding that though PPP has differences with PML-N on several issues but it would not let anyone to derail democracy. This he said while addressing a
Published 05 Jul, 2014 12:00am
July 5 a black day in country's history: Zardari

July 5 a black day in country's history: Zardari

July 5 is a black day for democratic history of the country when a dictator overthrew an elected government and later executed the then Prime Minster, decimated the Constitution and destroyed state institutions. This was stated by Co-Chairman Pakistan Peo
Published 05 Jul, 2014 12:00am
Man shot dead in Maymar Complex

Man shot dead in Maymar Complex

A man was killed here on Friday. According to police and rescue sources, a man was shot dead by unidentified persons in Maymar Complex, situated in the jurisdictions of Sohrab Goth police station. The deceased was identified as Allah Dino, 40, son of Abdu
Published 05 Jul, 2014 12:00am
Two held: firms making fake pesticides, chemicals raided

Two held: firms making fake pesticides, chemicals raided

Punjab Agriculture Department (PAD) raided a fake pesticide and zinc sulphate manufacturing company and took into custody fake goods worth hundreds of thousand rupees and handed over two accused to the police for further proceedings. According to PAD spok
Published 05 Jul, 2014 12:00am
Sindh Police Structural reforms introduced to enhance capacity: CM

Sindh Police Structural reforms introduced to enhance capacity: CM

The Chief Minister Sindh, Syed Qaim Ali Shah has said that innovative structural reforms were being introduced in the Sindh police to enhance its capacity and rapid response in controlling the crime. This he said while presiding over meeting regarding lau
Published 05 Jul, 2014 12:00am
Palestinians bury slain teen, clashes hit East Jerusalem

Palestinians bury slain teen, clashes hit East Jerusalem

Thousands of Palestinians, some firing weapons into the air, took part Friday in the emotionally charged east Jerusalem funeral of a Palestinian teenager believed murdered by Israelis. Chanting "with our blood and our spirit we shall sacrifice for the mar
Published 05 Jul, 2014 12:00am
BISP trainers, beneficiaries threaten to go on hunger strike

BISP trainers, beneficiaries threaten to go on hunger strike

The Benazir Income Support Programme's 52 training providers and more than 21,000 beneficiaries have threatened to go on hunger strike unto death if they are not provided with their long-overdue funds. The trainers and beneficiaries of Waseela-e-Rozgar pr
Published 05 Jul, 2014 12:00am
AHAN, RAHA launch women training programme

AHAN, RAHA launch women training programme

After completion of baseline survey to select 500 females including 100 Afghan Refugees, three-month training in different skills including embroidery, wool weaving and block printing has been started. The training has been jointly launched by AHAN (Aik H
Published 05 Jul, 2014 12:00am
Allied Bank opens first Islamic branch at DHA Phase V

Allied Bank opens first Islamic branch at DHA Phase V

Allied Bank Limited has launched its Islamic Banking with the inauguration of its first Islamic Banking Branch at DHA Phase V, Lahore. The branch was inaugurated by Saeed Ahmad, Deputy Governor, State Bank of Pakistan. Naeem Mukhtar, Chairman, Directors,
Published 05 Jul, 2014 12:00am
Gold rises, palladium trading at highest since 2001

Gold rises, palladium trading at highest since 2001

Gold edged up on Friday, gaining support from mixed European shares, but remained vulnerable after strong US jobs data lifted the dollar, denting gold's investment appeal. US employment growth jumped in June and the jobless rate closed in on a six-year lo
Published 05 Jul, 2014 12:00am
Gold flat in Asia

Gold flat in Asia

Gold was mostly unchanged on Friday, holding on to its losses from the previous session, and could see a further drop in prices as strong US jobs data and record highs on Wall Street dent the precious metal's safe-haven appeal. US employment growth jumped
Published 05 Jul, 2014 12:00am
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