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Nov 23, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-08-23
Russian gold miner Polyus swings to profit

Russian gold miner Polyus swings to profit

Russia's Polyus Gold swung to a profit in the first half of 2014 from a year-ago loss thanks to higher sales volumes, cost-cutting and a fall in the rouble, which outweighed a fall in gold prices. Russia's biggest gold miner, which is part-owned by busine
Published 23 Aug, 2014 12:00am
Russian gold miner Polyus swings to profit

Russian gold miner Polyus swings to profit

Russia's Polyus Gold swung to a profit in the first half of 2014 from a year-ago loss thanks to higher sales volumes, cost-cutting and a fall in the rouble, which outweighed a fall in gold prices. Russia's biggest gold miner, which is part-owned by busine
Published 23 Aug, 2014 12:00am
Bulgaria central bank asks for Corpbank rescue plans by end-August

Bulgaria central bank asks for Corpbank rescue plans by end-August

Bulgaria's central bank has asked the two biggest shareholders of troubled Corporate Commercial Bank (Corpbank) to present plans for the bank's rescue by the end of this month. The central bank said it had sent letters to the two shareholders on Friday, a
Published 23 Aug, 2014 12:00am
Mexico inflation holds above central bank ceiling in early August

Mexico inflation holds above central bank ceiling in early August

Mexican annual inflation remained above the central bank's tolerance ceiling in early August but eased slightly versus late July, boding for steady borrowing costs ahead. Inflation for the 12 months through the first half of August cooled to 4.07 percent
Published 23 Aug, 2014 12:00am
Kazakhstan's Halyk Bank ups profit forecast

Kazakhstan's Halyk Bank ups profit forecast

Halyk Bank, Kazakhstan's second-largest lender by assets, raised its forecast for 2014 net profit on Friday after reporting a jump in first-half earnings. Halyk, the most profitable of the Central Asian nation's 38 banks, now sees full-year net profit at
Published 23 Aug, 2014 12:00am
Kazakhstan's Halyk Bank ups profit forecast

Kazakhstan's Halyk Bank ups profit forecast

Halyk Bank, Kazakhstan's second-largest lender by assets, raised its forecast for 2014 net profit on Friday after reporting a jump in first-half earnings. Halyk, the most profitable of the Central Asian nation's 38 banks, now sees full-year net profit at
Published 23 Aug, 2014 12:00am
EU candidate Serbia says will not exploit Russian embargo

EU candidate Serbia says will not exploit Russian embargo

Serbia said on Friday it would not subsidise exports to Russia, after the European Union urged the Balkan country - a candidate for accession to the bloc - not to exploit the Kremlin's ban on Western food imports. Serbian food producers hope to take advan
Published 23 Aug, 2014 12:00am
Former chairman of Minsheng Bank sets up $8 billion investment fund

Former chairman of Minsheng Bank sets up $8 billion investment fund

The former chairman of China Minsheng Banking Corp Ltd, one of the country's top private lenders, launched China's largest private investment fund on Thursday. Dong Wenbiao, who resigned from Minsheng on Monday as a result of what he described as job chan
Published 23 Aug, 2014 12:00am
Former chairman of Minsheng Bank sets up $8 billion investment fund

Former chairman of Minsheng Bank sets up $8 billion investment fund

The former chairman of China Minsheng Banking Corp Ltd, one of the country's top private lenders, launched China's largest private investment fund on Thursday. Dong Wenbiao, who resigned from Minsheng on Monday as a result of what he described as job chan
Published 23 Aug, 2014 12:00am
Hungary court rejects first lawsuit over loan refund plan

Hungary court rejects first lawsuit over loan refund plan

Hungary's Budapest Municipal Court on Friday rejected a lawsuit brought by a small savings bank to challenge a new law mandating refunds to loan clients, news agency MTI reported. The refunds, which the government says are to compensate clients for past u
Published 23 Aug, 2014 12:00am
Hungary court rejects first lawsuit over loan refund plan

Hungary court rejects first lawsuit over loan refund plan

Hungary's Budapest Municipal Court on Friday rejected a lawsuit brought by a small savings bank to challenge a new law mandating refunds to loan clients, news agency MTI reported. The refunds, which the government says are to compensate clients for past u
Published 23 Aug, 2014 12:00am
Germany struggles to get its DAX in a row

Germany struggles to get its DAX in a row

The cheapest valuations in almost a decade relative to the rest of Europe are failing to attract investors to Germany's stock market as confidence ebbs in the region's largest and most stable economy. Germany's DAX, the euro zone's best-performing stock m
Published 23 Aug, 2014 12:00am
Tokyo stocks down

Tokyo stocks down

Tokyo stocks fell 0.30 percent Friday as caution prevailed ahead of a key speech by US Federal Reserve chief Janet Yellen. The Nikkei 225 index lost 47.01 points to 15,539.19 after nine consecutive days of gains. The Topix index of all first-section issue
Published 23 Aug, 2014 12:00am
S&P sets record close on signs of healthier economy

S&P sets record close on signs of healthier economy

US stocks ended higher on Thursday, with the S&P 500 at a record after a flurry of positive economic data, as investors hoped for signs from an annual meeting of central bankers that interest-rate hikes are not imminent. The S&P 500 broke two records duri
Published 23 Aug, 2014 12:00am
Taiwan stocks up

Taiwan stocks up

Taiwan stocks gained slightly on Friday, following cues from overseas markets. As of 0125 GMT, the main TAIEX index had gained 65.83 points to 9,319.21, after closing lower 0.37 percent on Thursday. The electronics subindex was up 0.6 percent. Earlier on
Published 23 Aug, 2014 12:00am
Treasuries drift up

Treasuries drift up

US Treasuries drifted higher on Thursday, showing little reaction to stronger-than-expected economic data while investors held out for any developments from the annual central banker get-together in Jackson Hole, Wyoming. The highlight of the meeting, sta
Published 23 Aug, 2014 12:00am
Treasuries drift up

Treasuries drift up

US Treasuries drifted higher on Thursday, showing little reaction to stronger-than-expected economic data while investors held out for any developments from the annual central banker get-together in Jackson Hole, Wyoming. The highlight of the meeting, sta
Published 23 Aug, 2014 12:00am
India's NSE index hits record high

India's NSE index hits record high

India's NSE index rose on Friday to a record high for the fourth time this week as software stocks gained after upbeat US and German data raised optimism about the sector's business outlook, while higher global shares also helped. US data, including a jum
Published 23 Aug, 2014 12:00am
Hong Kong, China stocks move higher

Hong Kong, China stocks move higher

Hong Kong stocks closed 0.47 percent higher Friday, tracking a strong lead from Wall Street ahead of a keynote speech by the US Federal Reserve chief. The Hang Seng Index added 118.13 points to 25,112.23 on turnover of HK$63.67 billion ($8.22 billion). In
Published 23 Aug, 2014 12:00am
European shares retreat on Ukraine tension

European shares retreat on Ukraine tension

European shares fell on Friday after a brisk two-week rally, hurt by a ratcheting-up of tensions in Ukraine, although traders said a dovish tone in a speech by US Federal Reserve Chair Janet Yellen limited losses. Souring the mood, Ukraine declared that R
Published 23 Aug, 2014 12:00am
Australian shares stay up for seventh day

Australian shares stay up for seventh day

Australian shares edged 0.1 percent higher on Friday, boosted by solid earnings from Santos Ltd which supported the energy sector, though gains were tempered as some stocks traded ex-dividend. Santos jumped 3.9 percent to A$15.16, its highest since Novemb
Published 23 Aug, 2014 12:00am
Southeast Asian markets: Indonesia falls; Thai index near 15-month high

Southeast Asian markets: Indonesia falls; Thai index near 15-month high

Indonesia's benchmark index snapped a four-day rising streak on Friday amid selling in recently rallying large caps, while Thai shares eked out more gains to a near 15-month high as investors built positions in tourism-related stocks and retailers. Jakart
Published 23 Aug, 2014 12:00am
Fall in mining stocks pegs back FTSE

Fall in mining stocks pegs back FTSE

Britain's top equity index slipped off three-week highs on Friday, with mining stocks among the worst performers as weak metals prices weighed on the sector. The blue-chip FTSE 100 index closed down by 2.41 points - flat in percentage terms - at 6,775.25
Published 23 Aug, 2014 12:00am
Yuan weakens

Yuan weakens

China's yuan is set to post its biggest weekly loss in two months on Friday thanks to a resurgent dollar and cooling expectations about the economy's outlook after recent data. Growth in China's vast factory sector slowed to a three-month low in August as
Published 23 Aug, 2014 12:00am
Dollar rally pauses in Asia

Dollar rally pauses in Asia

The dollar hovered just below its 2014 peak against a basket of major currencies on Friday, with bulls turning cautious ahead of a speech by Federal Reserve Chair Janet Yellen. The dollar index held steady at 82.144, having risen as high as 82.364 on Thur
Published 23 Aug, 2014 12:00am
Yen and Swiss franc rise versus euro in London

Yen and Swiss franc rise versus euro in London

The yen and the Swiss francs rose against the euro on Friday, helped by safe-haven inflows after a Russian aid convoy crossed into Ukraine without permission from Kiev, rattling investors. The dollar, meanwhile, hovered below its 2014 peak against a baske
Published 23 Aug, 2014 12:00am
Early trade in New York: Dollar gains after Yellen speech

Early trade in New York: Dollar gains after Yellen speech

The dollar gained on Friday after Federal Reserve Chair Janet Yellen came out more balanced than expected on her views about the US economy in a speech to central bankers. The speech by Yellen, a known policy 'dove', to an annual gathering of central bank
Published 23 Aug, 2014 12:00am
Dollar softens in New York

Dollar softens in New York

The dollar surrendered some recent gains on Thursday as central bankers gathered for a three-day meeting in Wyoming that will feature a potentially market-rattling speech by Federal Reserve Chair Janet Yellen. The dollar had climbed steadily this week aga
Published 23 Aug, 2014 12:00am
Indian rupee hits three-week high

Indian rupee hits three-week high

The Indian rupee rose on Friday, after earlier hitting a three-week high against the dollar, on continued strong buying of debt and shares by foreign investors, while gains in emerging market currencies also contributed to the improved sentiment. The rupe
Published 23 Aug, 2014 12:00am
Asian forex: Rupiah near one-month high

Asian forex: Rupiah near one-month high

The rupiah hit a near one-month high on Friday after Indonesia's highest court unanimously upheld last month's presidential election result and as most emerging Asian currencies gained as a US dollar rally lost steam. The rupiah rose as much as 0.4 percen
Published 23 Aug, 2014 12:00am
Sterling chalks up worst run versus dollar in six years

Sterling chalks up worst run versus dollar in six years

Sterling bulls licked their wounds on Friday and fought back from a mauling that has seen the currency suffer its longest losing streak against the dollar in six years. With investors having pushed expectations of a UK rate hike back into next year, the B
Published 23 Aug, 2014 12:00am
Australian and New Zealand dollar recover

Australian and New Zealand dollar recover

The Australian and New Zealand dollars bounced from multi-month lows on Friday as the US dollar rally fizzled ahead of a speech by Federal Reserve Chair Janet Yellen. The Australian dollar nudged up to $0.9305, having recovered from $0.9229, its lowest si
Published 23 Aug, 2014 12:00am
Samaras signs for West Brom

Samaras signs for West Brom

Greece striker Georgios Samaras has joined West Bromwich Albion on a two-year deal, the English Premier League side announced Friday. Samaras has arrived at the Midlands club on a free-transfer after leaving Celtic in pre-season following six years with t
Published 23 Aug, 2014 12:00am
Ex-Germany defender Friedrich heads to India

Ex-Germany defender Friedrich heads to India

Former German international defender Manuel Friedrich is the latest player to move to the new Indian Super League, with German press reports on Friday saying he had agreed a one-year deal with Mumbai City. "I have always played with the idea of playing in
Published 23 Aug, 2014 12:00am
Spurs come from behind to win in Cyprus, Hull beaten

Spurs come from behind to win in Cyprus, Hull beaten

Tottenham Hotspur closed in on a place in the group stage of the Europa League on Thursday after coming from behind to win 2-1 away to AEL Limassol in Cyprus in their play-off first leg. The north London side are looking to reach the group stage for the f
Published 23 Aug, 2014 12:00am
Lavillenie's 20-win streak ends in chilly Stockholm

Lavillenie's 20-win streak ends in chilly Stockholm

Olympic champion and world record holder Renaud Lavillenie suffered a surprise defeat at the Stockholm Diamond League meeting on Thursday, just five days after the Frenchman wrapped up a third consecutive European title. On a cold night in the Swedish cap
Published 23 Aug, 2014 12:00am
Gascoigne in new health scare

Gascoigne in new health scare

Troubled former England star Paul Gascoigne has been taken to hospital after being found slumped outside his home clutching a bottle of gin, a British newspaper reported Friday. The Daily Mirror said the 47-year-old Gascoigne, who faces eviction from his
Published 23 Aug, 2014 12:00am
Neymar suffers ankle sprain

Neymar suffers ankle sprain

Brazilian superstar Neymar has suffered an ankle sprain in training, Barcelona announced Friday, adding to the club's injury woes just two days before opening their new La Liga campaign. Neymar complained of pain in his left ankle at the end of Thursday's
Published 23 Aug, 2014 12:00am
LR-CCA polls on August 26

LR-CCA polls on August 26

Pakistan Cricket Board (PCB) on Friday announced that elections of the Lahore Regional and City Cricket Association (LR-CCA) will be held on Tuesday (August 26) at 10:00am, here at Gaddafi Stadium. Earlier, the PCB had postponed the elections. The candida
Published 23 Aug, 2014 12:00am
Saeed Ajmal to fly out to Brisbane for bowling test

Saeed Ajmal to fly out to Brisbane for bowling test

Pakistan's leading off-spinner Saeed Ajmal (36) is going to Brisbane in early hours on Sunday (August 24) for independent analysis of his action at the National Cricket Centre on August 25 in the afternoon. PCB asked Dr Sohail Saleem to travel to Brisbane
Published 23 Aug, 2014 12:00am
Kvitova reaches New Haven semis

Kvitova reaches New Haven semis

Reigning Wimbledon champion Petra Kvitova advanced to the semi-finals of the WTA New Haven hardcourt tournament Thursday with a 6-4, 6-1 triumph over Czech compatriot Barbora Zahlavova Strycova. Fourth-ranked Kvitova next will face Australia's Samantha St
Published 23 Aug, 2014 12:00am
Mackay sorry for 'unacceptable' texts

Mackay sorry for 'unacceptable' texts

Malky Mackay apologised Friday for "unacceptable" text messages sent while he was Cardiff boss after his former club called on the chief executive of England's League Managers' Association, Richard Bevan, to resign over his handling of the affair. The LMA
Published 23 Aug, 2014 12:00am
English clubs circle Australia's Newcastle Jets

English clubs circle Australia's Newcastle Jets

Several English Premier League clubs have emerged as possible buyers of Australian side Newcastle Jets, the owner said on Friday. Coal tycoon Nathan Tinkler, now Singapore-based, is looking to offload the team and said there had been plenty of interest in
Published 23 Aug, 2014 12:00am
Knight shines as England women beat India

Knight shines as England women beat India

Heather Knight starred with both bat and ball as England won a rain-affected first women's one-day international against India by 42 runs under the Duckworth/Lewis method at Scarborough on Thursday. Knight took three for 28 to restrict the tourists, victo
Published 23 Aug, 2014 12:00am
Pakistan regroup for Sri Lanka One-dayers

Pakistan regroup for Sri Lanka One-dayers

Pakistan and Sri Lanka begin a three-match one-day series on Saturday hoping to gauge each other's firepower and bench strength ahead of the World Cup just six months away. The two former world champions have been drawn in different halves for one-day cri
Published 23 Aug, 2014 12:00am
Yemen Shias stage Sanaa mass demonstration as crisis talks held

Yemen Shias stage Sanaa mass demonstration as crisis talks held

Tens of thousands of supporters of Yemen's Shia rebels rallied Friday in Sanaa pressing the government to quit as a presidential team held crisis talks in their stronghold to end the impasse. After the rally, a group of Zaidi rebels began erecting an enca
Published 23 Aug, 2014 12:00am
Mine collapse in Central African Republic kills 25

Mine collapse in Central African Republic kills 25

At least 25 people have died in a collapse at a gold mine 60 km (40 miles) north of the Central African Republic town of Bambari, Ahmat Negat, spokesman for the mainly Muslim Seleka rebels, said on Friday. The mine at Ndassima is carved deep into a forest
Published 23 Aug, 2014 12:00am
Central Africa unveils new government after deadly clashes

Central Africa unveils new government after deadly clashes

The Central African Republic unveiled its new government on Friday, a broad coalition including representatives from rival armed groups, after fresh fighting between warring militias killed at least eight. Prime Minister Mahamat Kamoun, who was appointed
Published 23 Aug, 2014 12:00am
Europe launches two navigation satellites

Europe launches two navigation satellites

Two satellites for Europe's rival to GPS were lifted into space on Friday to boost the Galileo constellation to six orbiters of a final 30, the European Space Agency (ESA) said. The launch of satellites Doresa and Milena, the first with full operational c
Published 23 Aug, 2014 12:00am
Saudi police arrest 400 illegal migrants

Saudi police arrest 400 illegal migrants

Police in Saudi Arabia have arrested at least 400 mostly African illegal migrants south of the capital Riyadh, local media reported on Friday. The authorities have been cracking down on illegal migrants since the expiration in November of a seven-month am
Published 23 Aug, 2014 12:00am
US slaps sanctions on al Qaeda-linked duo

US slaps sanctions on al Qaeda-linked duo

The United States imposed sanctions Friday on two Islamic extremists it accuses of ties to al Qaeda and the Al-Nusra Front, alleging they financed and acted on behalf of the terror groups. Under a designation issued by the US Treasury, any assets the men
Published 23 Aug, 2014 12:00am
170 migrants feared lost at sea off Libya

170 migrants feared lost at sea off Libya

A Libyan coastguard official said on Friday a boat carrying 170 illegal migrants from sub-Saharan Africa was feared lost at sea off the capital Tripoli. "We are looking for 170 African passengers on a wooden boat that has foundered off the Guarakouzi area
Published 23 Aug, 2014 12:00am
Hungary sends ammunition to Iraqi security forces

Hungary sends ammunition to Iraqi security forces

Hungary will send ammunition to Iraq to help the war-torn country's armed forces in their fight against "terrorism", the EU country's Ministry of Defence said in a statement late Thursday. The ammunition includes several million cartridges, thousand of mi
Published 23 Aug, 2014 12:00am
China warplane made 'dangerous' pass at US aircraft: Pentagon

China warplane made 'dangerous' pass at US aircraft: Pentagon

A Chinese fighter jet flew perilously close to a US military aircraft in international airspace this week in a "very dangerous" incident east of China's Hainan Island, the Pentagon said Friday. "On August 19, an armed Chinese fighter jet conducted a dange
Published 23 Aug, 2014 12:00am
Swiss policeman who saved Jews from Holocaust honoured

Swiss policeman who saved Jews from Holocaust honoured

A Swiss policemen who saved thousands of Jews from the Holocaust and ended up being punished for forging their entry documents was honoured by his former force Friday. "Paul Grueninger should be an example to us all," said Fredy Faessler, police and justi
Published 23 Aug, 2014 12:00am
Turkey opposition rudderless after Erdogan triumph

Turkey opposition rudderless after Erdogan triumph

President-elect Recep Tayyip Erdogan's election victory this month has left Turkey's opposition party riven by a revolt over its future with little prospect of a radical change in strategy. The main opposition Republican People's Party (CHP) proudly boast
Published 23 Aug, 2014 12:00am
Hamas executes 'collaborators,' Israeli child killed

Hamas executes 'collaborators,' Israeli child killed

Hamas gunmen executed 18 people accused of collaborating with Israel in Gaza City Friday as Palestinian mortar fire killed a four-year-old Israeli boy on Day 46 of a devastating war. The escalating bloodshed has seen another 76 Palestinians die in Gaza si
Published 23 Aug, 2014 12:00am
PML-N rally to express solidarity with Prime Minister on August 25

PML-N rally to express solidarity with Prime Minister on August 25

Pakistan Muslim League (PML-N) has announced to hold rally on August 25 to express solidarity with Prime Minister Nawaz Sharif and denounce the unconstitutional demands of protesting parties. The decision was taken during a high level meeting of party hel
Published 23 Aug, 2014 12:00am
JUI-F holds countrywide 'Jamoriat Bachao' rallies

JUI-F holds countrywide 'Jamoriat Bachao' rallies

Jamiat Ulama-e-Islam (F) on Friday has organised "Jamoriat Bachao (Save Democracy)" rallies across the country against the sit-ins of Pakistan Tehreek Insaf (PTI) and Pakistan Awami Tehreek (PAT). Spokesman JUI-F Jan Achakzai told APP that Jamoriat Bachao
Published 23 Aug, 2014 12:00am
Children in sit-ins: officials directed to administer polio vaccination

Children in sit-ins: officials directed to administer polio vaccination

Minister of State for Capital Administration and Development Division (CADD) Barrister Usman Ibrahim gave directives to the officials of PIMS, NIRM and Polyclinic to make special arrangements to provide polio vaccination to the children who have come alon
Published 23 Aug, 2014 12:00am
UAF holds seminar: farmers urged to ensure balanced usage of fertilisers

UAF holds seminar: farmers urged to ensure balanced usage of fertilisers

Speakers at a seminar have urged the farmers to ensure balanced usage of fertilizer in their fields as per recommendations of agricultural experts in order to increase productivity of crops. The seminar titled "Balance Use of fertilizer for Quality Produc
Published 23 Aug, 2014 12:00am
Disease outbreaks in capital likely due to sit-ins: experts

Disease outbreaks in capital likely due to sit-ins: experts

Health experts have pointed out that there are high chances of spread of infectious diseases in federal Capital due to presence of people from different areas in the sit-ins of Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT). They claimed
Published 23 Aug, 2014 12:00am
Rehman says deadlock is heading towards confrontation

Rehman says deadlock is heading towards confrontation

Former Interior Minister and Pakistan People's Party leader Rehman Malik warned that the deadlock between the government and PTI and PAT is moving towards confrontation. He said the onus lies on the government to manage and resolve the political impasse.
Published 23 Aug, 2014 12:00am
Preparations for Eid-ul-Azha begin

Preparations for Eid-ul-Azha begin

District Administration Lahore has initiated its preparations regarding Eid-ul-Azha and has started identifying places to establish sale points of sacrificial animals in different parts of the city. District Coordination Officer (DCO) Lahore Captain Muham
Published 23 Aug, 2014 12:00am
'Australian firms interested in Halal food market'

'Australian firms interested in Halal food market'

High Commissioner Designate to Australia, Mrs Naela Chohan said some Australian companies are interested in investing in the Halal Food Market and want to enter the Middle Eastern region through Pakistan. This would be beneficial for both the countries an
Published 23 Aug, 2014 12:00am
Siraj urges PTI to withdraw resignations

Siraj urges PTI to withdraw resignations

Ameer Jamaat e Islami Siraj-ul-Haq has asked Pakistan Tehreek e Insaf to withdraw the resignations of its Members of National Assembly as the country is in the midst of political terrorism. Addressing a public meeting in Faisalabad Friday, Amir Jamaat-i-I
Published 23 Aug, 2014 12:00am
Altaf urges politicians to begin dialogue without delay

Altaf urges politicians to begin dialogue without delay

Muttahida Qaumi Movement (MQM) chief Altaf Hussain expressing his serious concern over current deteriorating political situation has once again appealed to the leaders and the associates of Pakistan Tehreek-e-Insaf (PTI), Pakistan Awami Tehreek (PAT) and
Published 23 Aug, 2014 12:00am
Malaysian team visits UET Peshawar

Malaysian team visits UET Peshawar

A two-member team of professors from Malaysian university visited University of Engineering and Technology (UET) Peshawar on 22-August Professor Dr Fauziah Ahmad and Professor Dr Mohammad Rodzi Ismail of "University Sains Malaysia, P. Pianang" met the Vic
Published 23 Aug, 2014 12:00am
Ufone Smart 'U5' launched

Ufone Smart 'U5' launched

Ufone, a market leader in innovation, is again primed to set precedent in the market with the launch of Ufone Smart 'U5'; Pakistan's cheapest quad core, 3G enabled handset. A press release issued by the Ufone here on Friday said the smartphone offers exce
Published 23 Aug, 2014 12:00am
Fire arms: issuance of computerised licenses begins

Fire arms: issuance of computerised licenses begins

The office of Deputy Commissioner Peshawar has begun issuance of computerised arms licenses on Friday. In this regard a ceremony was held here at the DC Office, which was attended by Special Secretary Home Alamgir Khan, Deputy Commissioner Syed Zaheer-ul-
Published 23 Aug, 2014 12:00am
Dairy sector: ST refunds to be processed as per law: FBR

Dairy sector: ST refunds to be processed as per law: FBR

The Federal Board of Revenue (FBR) has said that sales tax refunds of the dairy sector up to July 1, 2014 would be processed in view of the legal status raw/unprocessed milk enjoys, which is a sales tax zero-rated item under SRO.549(1)/2008 and SRO.570(I)
Published 23 Aug, 2014 12:00am
Dairy sector: ST refunds to be processed as per law: FBR

Dairy sector: ST refunds to be processed as per law: FBR

The Federal Board of Revenue (FBR) has said that sales tax refunds of the dairy sector up to July 1, 2014 would be processed in view of the legal status raw/unprocessed milk enjoys, which is a sales tax zero-rated item under SRO.549(1)/2008 and SRO.570(I)
Published 23 Aug, 2014 12:00am
US embassy, CG to implement new non-immigrant visa appointment system

US embassy, CG to implement new non-immigrant visa appointment system

The Embassy and Consulate General of the United States of America in Islamabad and Karachi will transition to a new appointment and document delivery service for the non-immigrant visa unit as of August 24, 2014. This new system, which is being implemente
Published 23 Aug, 2014 12:00am
Top priority accorded to education promotion: President

Top priority accorded to education promotion: President

President Mamnoon Hussain on Friday reiterated that the government accords top priority to promotion of education in Pakistan and called for steps for achieving the targets in education sector set by UN for Pakistan in its Millennium Development Goals (MD
Published 23 Aug, 2014 12:00am
Conflicts resolution: Pakistan urges UNSC to make full use of diplomacy

Conflicts resolution: Pakistan urges UNSC to make full use of diplomacy

At the United Nations Security Council (UNSC) on Friday Pakistan urged the Council to make full use of the preventive diplomacy tools at its disposal under Chapter VI "specially mediation, arbitration, inquiry, judicial settlement, involvement of regional
Published 23 Aug, 2014 12:00am
Zafar Abbasi, Arifullah Hussaini promoted to rank of Vice Admiral

Zafar Abbasi, Arifullah Hussaini promoted to rank of Vice Admiral

Rear Admiral Zafar Mahmood Abbasi and Rear Admiral Syed Arifullah Hussaini have been promoted to the rank of Vice Admiral with immediate effect. According to Pakistan Navy (PN) here on Friday, Vice Admiral Zafar Mahmood Abbasi was commissioned in Operatio
Published 23 Aug, 2014 12:00am
US ambassador calls on KP Governor

US ambassador calls on KP Governor

US Ambassador in Pakistan, Richard Olson called on the Khyber Pakhtunkhwa Governor, Sardar Mahtab Ahmad Khan at Governor's House, Peshawar on Friday. He remained with the Governor for some time and discussed matters of mutual interest with special referen
Published 23 Aug, 2014 12:00am
CM Sindh asks KMC to bring 36 buses to road by September 2

CM Sindh asks KMC to bring 36 buses to road by September 2

Sindh Chief Minister Syed Qaim Ali Shah has directed the management of KMC to bring the fleet of 36 buses on road by September 2. The Sindh CM has also asked the provincial Transport Department to complete all codal formalities of yellow line bus service
Published 23 Aug, 2014 12:00am
SHC directs Nazir to return surety money to Amin Fahim

SHC directs Nazir to return surety money to Amin Fahim

The Sindh High Court (SHC) on Friday directed its Nazir to return surety money of Rs 1 million to PPP leader and former federal commerce minister Makhdoom Amin Fahim which he had furnished to seek bail in cases pertaining to the multi-billion rupees trade
Published 23 Aug, 2014 12:00am
Weather pundits warn farmers of pest/viral attacks

Weather pundits warn farmers of pest/viral attacks

Meteorological department has warned the farmers of pest and viral attacks on their standing crops in the wake of current seasonal rainy spells and advised them to take protective measures. "Pest/viral attacks and more weeds growth are expected after rece
Published 23 Aug, 2014 12:00am
LUMHS vice chancellor inaugurates Neurology Ward at LUP

LUMHS vice chancellor inaugurates Neurology Ward at LUP

The Vice Chancellor of LUMHS, Professor Noshad A Shaikh, on Friday inaugurated the newly established Neurology Ward at the Liaquat University Hospital, Jamshoro. Speaking at the inaugural ceremony, the Vice Chancellor said the Neurology Department was com
Published 23 Aug, 2014 12:00am
KE receives ISO 9001-2008 certificate for SITE IBC

KE receives ISO 9001-2008 certificate for SITE IBC

K-Electric (KE) is pleased to announce that the power utility has received an ISO 9001-2008 Certificate for its SITE IBC (Integrated Business Centre). The certificate is given to organisations in recognition of their improved performances and operations.
Published 23 Aug, 2014 12:00am
Procedure amended: importers authorised to examine goods

Procedure amended: importers authorised to examine goods

The customs department has authorised importers or clearing agents to examine goods for themselves in the presence of the relevant officers, who are now only responsible for supervising de-sealing of containers; it is learnt here on Friday. Sources said t
Published 23 Aug, 2014 12:00am
14th ITCN Asia Expo begins on August 26

14th ITCN Asia Expo begins on August 26

14th ITCN Asia 2014, the biggest ICT Expo in the history of Pakistan, along with Broadcast Pakistan/Content Exchange Pakistan Expo and Security Asia, will be held at Karachi Expo Centre from August 26 to 28. The event is being held under the aegis of Ecom
Published 23 Aug, 2014 12:00am
14th ITCN Asia Expo begins on August 26

14th ITCN Asia Expo begins on August 26

14th ITCN Asia 2014, the biggest ICT Expo in the history of Pakistan, along with Broadcast Pakistan/Content Exchange Pakistan Expo and Security Asia, will be held at Karachi Expo Centre from August 26 to 28. The event is being held under the aegis of Ecom
Published 23 Aug, 2014 12:00am
CA posts $454 million deficit in July

CA posts $454 million deficit in July

The country's current account deficit rose by 263 percent during the first month of this fiscal year, mainly due to higher imports and slow foreign inflows. Economists said current account balance continues to deteriorate as goods trade deficit aggressive
Published 23 Aug, 2014 12:00am
djuice becomes most socially devoted telecom brand

djuice becomes most socially devoted telecom brand

Telenor Pakistan's youth centric brand djuice has been named the most socially devoted Facebook brand in the world in telecommunications industry, according to a global study. According to analytical data released by Socialbakers.com djuice was in the lea
Published 23 Aug, 2014 12:00am
71 suspects arrested

71 suspects arrested

City police on Friday claimed to have arrested around 71 alleged criminals in different targeted raids and encounters during the last 24 hours. Police said that 86 raids and four encounters were carried out as part of the ongoing Karachi operation, which
Published 23 Aug, 2014 12:00am
FC kills 12 alleged terrorists in Turbat

FC kills 12 alleged terrorists in Turbat

The Para-military force, Frontier Corps (FC) has claimed to foil a major terrorism bid as 12 alleged terrorists were killed in ongoing battle in Turbat city of Balochistan province. FC spokesperson, Khan Wasey has said that the security forces have taken
Published 23 Aug, 2014 12:00am
Progress on tasks to eliminate crime reviewed

Progress on tasks to eliminate crime reviewed

A joint meeting of police and Citizen Police Liaison Committee (CPLC) reviewed the progress on tasks assigned by the IGP Sindh to eliminate crime with the special emphasis on terrorism, kidnapping for ransom and extortion. The meeting chaired by IGP Ghula
Published 23 Aug, 2014 12:00am
FCCI, SMEDA hold joint training programme for youth

FCCI, SMEDA hold joint training programme for youth

Educated youth should preferably start their own businesses instead of wasting their time and energy in search of jobs, said Riaz-ul-Haq, senior vice president of Faisalabad Chamber of Commerce and Industry (FCCI). He was addressing the concluding session
Published 23 Aug, 2014 12:00am
CAA DG visits Hajj Terminal at Lahore airport

CAA DG visits Hajj Terminal at Lahore airport

Civil Aviation Authority (CAA) Director General Air Marshal Muhammad Yousaf (Retd) visited Allama Iqbal International Airport and Hajj Terminal along with Airport Manager Rashid M Hussain to inspect the preparation level of terminal services/facilities fo
Published 23 Aug, 2014 12:00am
Section 144 imposed on Multan

Section 144 imposed on Multan

Section 144 was imposed in Multan on Friday in the midst of an ongoing political impasse in the country. The section, which has been imposed in the city for two days, appears to be aimed at restricting political gatherings. The enforcement comes days afte
Published 23 Aug, 2014 12:00am
PTI workers stage three demos in Multan

PTI workers stage three demos in Multan

Pakistan Tehrik-e-Insaf Multan staged three demonstrations in Multan city on Friday at the call of Imran Khan to press the Prime Minister to step down. A demonstration was staged near Bismillah Chowk under the leadership of Dr Khalid Khakwani and Khalid J
Published 23 Aug, 2014 12:00am
FCCI chief urges businesspeople to support constitutionalism

FCCI chief urges businesspeople to support constitutionalism

A few thousand people have inflicted colossal loss to the national economy and created problems for millions of people in addition to hatching a deep rooted conspiracy against democracy by insisting on illogical, unlawful, un-democratic and un-constitutio
Published 23 Aug, 2014 12:00am
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