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Nov 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-05-01
Wall Street down after Fed statement, GDP data

Wall Street down after Fed statement, GDP data

US stocks ended lower on Wednesday as the Federal Reserve cited weakness in the US economy and data showed US growth slowed more sharply than expected in the first quarter. But the Fed's acknowledgement of weakness in some sectors of the economy makes it
Published 01 May, 2015 12:00am
US yields rise in global sell-off

US yields rise in global sell-off

The US Treasuries market sagged on Wednesday with benchmark yields hitting their highest in six weeks amid a global bond sell-off, as the US Federal Reserve acknowledged a softening in economic growth but gave no fresh clues on when it may raise rates. Tr
Published 01 May, 2015 12:00am
US yields rise in global sell-off

US yields rise in global sell-off

The US Treasuries market sagged on Wednesday with benchmark yields hitting their highest in six weeks amid a global bond sell-off, as the US Federal Reserve acknowledged a softening in economic growth but gave no fresh clues on when it may raise rates. Tr
Published 01 May, 2015 12:00am
China shares post best monthly gains in April

China shares post best monthly gains in April

China's stock market indexes posted their biggest monthly gains for the year in April, although weakness in banks on Thursday offset sharp gains in small-cap shares. Smaller companies grabbed the spotlight ahead of a planned cross-border investment scheme
Published 01 May, 2015 12:00am
Nikkei posts biggest loss in four months

Nikkei posts biggest loss in four months

Japanese shares suffered their biggest loss in four months on Thursday on weak US growth figures and lacklustre earnings from Japanese companies including Honda Motor. The Nikkei share average fell 2.7 percent to 19,520.21 points while the broader Topix i
Published 01 May, 2015 12:00am
European shares post first monthly fall of 2015 after Nokia drop

European shares post first monthly fall of 2015 after Nokia drop

A selloff in technology stocks, after disappointing numbers from Nokia, weighed on European shares on Thursday as a pan-European benchmark index marked its first monthly fall this year. However, most national euro zone indexes were in positive territory a
Published 01 May, 2015 12:00am
Hong Kong shares soar 13 percent in April

Hong Kong shares soar 13 percent in April

Hong Kong stocks posted their biggest monthly gain in nearly six years in April on hopes of fresh money inflows from mainland China, despite weakness in banking shares which weighed on major indexes on Thursday. Shares of major Chinese lenders listed in H
Published 01 May, 2015 12:00am
Australian shares down

Australian shares down

Australian shares slipped 0.8 percent on Thursday as a fall in iron ore prices weighed on the resources sector, while nerves over next week's Reserve Bank of Australia interest rate policy meeting kept banks under pressure. The benchmark S&P/ASX 200 index
Published 01 May, 2015 12:00am
FTSE ends higher, Royal Mail supports

FTSE ends higher, Royal Mail supports

Britain's top equity index closed slightly higher after setting a three-week low on Thursday, with Royal Mail gaining on the prospect of lower competition and energy shares tracking a rise in oil prices. Royal Mail led the bluechip FTSE 100 index, with th
Published 01 May, 2015 12:00am
Yen firmer as BoJ stands pat in Asia; kiwi slides

Yen firmer as BoJ stands pat in Asia; kiwi slides

The yen clawed higher on Thursday after the Bank of Japan held off from expanding its monetary stimulus, disappointing some market players who had been looking for further easing. The dollar extended its losses and slipped to a low of 118.54 yen after the
Published 01 May, 2015 12:00am
Euro breaks past $1.12 in Europe

Euro breaks past $1.12 in Europe

The euro rose for a third day against the dollar on Thursday, pushing above $1.12 for the first time in two months on growing concern over the US economy's prospects. With signs it will hold off on more monetary easing for the moment, the Bank of Japan al
Published 01 May, 2015 12:00am
Bangladesh's inter-bank forex, interest rates

Bangladesh's inter-bank forex, interest rates

Inter-bank buy/sell rates for the taka against the dollar on Thursday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 06.75-8.00 percent (* Previous 06.50-08.00 percent). (* revised).
Published 01 May, 2015 12:00am
Yuan weakens on pre-holiday dollar demand

Yuan weakens on pre-holiday dollar demand

China's yuan weakened versus the dollar on Thursday as corporate dollar demand ahead of the coming long weekend offset a stronger central bank midpoint, traders said. The market will be closed on Friday for a public holiday. Companies typically need more
Published 01 May, 2015 12:00am
Egyptian pound steady

Egyptian pound steady

Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Thursday while the currency was also unchanged on the black market. The central bank has kept the official exchange rate steady for more than two months sinc
Published 01 May, 2015 12:00am
Early trade in New York: Dollar advances against yen

Early trade in New York: Dollar advances against yen

The dollar gained against the yen Thursday after US data showed signs of a stabilizing labor market and an economy that was gathering momentum, putting the Federal Reserve on track to raise interest rates at least once this year. Following the upbeat US d
Published 01 May, 2015 12:00am
Dollar drops to nine-week low in NY as US GDP weighs

Dollar drops to nine-week low in NY as US GDP weighs

The dollar sank to a nine-week low on Wednesday after data showed the US economy grew much more slowly than expected in the first quarter, reinforcing expectations for a gradual pace of interest rate rises by the Federal Reserve. The greenback, however, t
Published 01 May, 2015 12:00am
Sterling skids against euro as German yields jump

Sterling skids against euro as German yields jump

Sterling skidded over 1 percent against the euro on Thursday, hitting a three-week low as the single currency rallied on the back of the biggest two-day jump in German Bund yields since 2011. One week before British parliamentary elections that polls indi
Published 01 May, 2015 12:00am
Most emerging Asian currencies ease

Most emerging Asian currencies ease

Thailand's baht slid on Thursday, undermined by disappointing factory output data while most emerging Asian currencies eased on doubts over the potential for further gains, given April's solid appreciation. The central bank announced measures to curb the
Published 01 May, 2015 12:00am
Gladbach fans donate tickets to Berlin refugees

Gladbach fans donate tickets to Berlin refugees

Berlin-based fans of Borussia Moenchengladbach have given 20 refugees in the German capital free tickets for Sunday's Bundesliga match against Hertha Berlin as part of an integration initiative. Members of two Gladbach fan clubs have donated tickets for t
Published 01 May, 2015 12:00am
Tevez brace puts Juve within point of fourth successive title

Tevez brace puts Juve within point of fourth successive title

Juventus put one hand on the Serie A title on Wednesday after a brace from Carlos Tevez saw the champions come back from a goal down to win an entertaining match with Fiorentina 3-2. Victory moved them to within a point of their fourth straight league cro
Published 01 May, 2015 12:00am
Whatmore commits to Zimbabwe cricket

Whatmore commits to Zimbabwe cricket

Dav Whatmore has signed a four-year contract to coach Zimbabwe, the country's cricket board said on Thursday. "We signed a contract yesterday which is going to be a four-year deal," Zimbabwe Cricket chairman Wilson Manase said in a press conference. Whatm
Published 01 May, 2015 12:00am
Yorkshire expects one million for Tour

Yorkshire expects one million for Tour

Organisers say they're expecting a million fans to line the streets during the inaugural Tour de Yorkshire which begins in Bridlington on Friday. The three stage race ends in Leeds - site of the Grand Depart at last year's Tour de France - on Sunday with
Published 01 May, 2015 12:00am
Afridi to quit T20 now

Afridi to quit T20 now

Pakistani allrounder Shahid Afridi Thursday announced he would retire from Twenty20 cricket next year, ending a colourful international career which earned him unmatched popularity in his homeland. The 35-year-old retired from one-day cricket after last m
Published 01 May, 2015 12:00am
Murray eases into Munich quarter-finals

Murray eases into Munich quarter-finals

Top-seed Andy Murray eased his way into the quarter-finals of Munich's ATP tournament on Thursday with a straight sets win over qualifier Mischa Zverev to begin his French Open preparations. Britain's world number three needed just 74 minutes to enjoy a 6
Published 01 May, 2015 12:00am
Belgian footballer dies after heart attack

Belgian footballer dies after heart attack

The 24-year-old Belgian footballer Gregory Mertens has died three days after suffering a heart attack while playing for Lokeren's reserves, hospital sources told the Belga news agency on Friday. The defender had been in a critical state after collapsing o
Published 01 May, 2015 12:00am
Former Colombia star wanted by Interpol

Former Colombia star wanted by Interpol

Freddy Rincon, the former Colombia star who played for Real Madrid, Napoli and Corinthians, is wanted for questioning by Interpol on money laundering and drugs-related criminal conspiracy charges. Rincon, who starred for Colombia at the 1990 World Cup, is
Published 01 May, 2015 12:00am
Asian boss silences Korean vote protest

Asian boss silences Korean vote protest

Asia's football chief silenced a South Korean protest over voting on Thursday as he flexed his muscles shortly after being handed a fresh, four-year term in office. Shaikh Salman bin Ebrahim al Khalifa refused to let Korea's soccer boss Chung Mong-Gyu spe
Published 01 May, 2015 12:00am
Rodriguez cracker helps Real keep pressure on Barcelona

Rodriguez cracker helps Real keep pressure on Barcelona

Real Madrid warmed up for a big week by moving back to within two points of Barcelona at the top of La Liga with a comfortable 3-0 win over Almeria on Wednesday. James Rodriguez's stunning dipping volley a minute before the break lit up an otherwise drab
Published 01 May, 2015 12:00am
Hafeez double-ton powers Pakistan in first Test

Hafeez double-ton powers Pakistan in first Test

Mohammad Hafeez hit a career-best 224 as Pakistan took charge of the first Test against Bangladesh with an impressive batting marathon during the third day's play in Khulna on Thursday. The tourists batted the entire day to move from their overnight score
Published 01 May, 2015 12:00am
Zimbabwe confirm Pakistan tour; itinerary announced

Zimbabwe confirm Pakistan tour; itinerary announced

Pakistan is set to host top-notch cricket for the first time in six years when Zimbabwe kick-starts its tour on May 19, with the five-match limited-overs series containing two T20s and three One-day internationals. Zimbabwe Cricket confirmed the short Pak
Published 01 May, 2015 12:00am
The Sun endorses Cameron but Scottish edition backs SNP

The Sun endorses Cameron but Scottish edition backs SNP

The Sun newspaper on Thursday urged readers to vote for the Conservative party of British Prime Minister David Cameron in next week's election but its Scottish edition backed rival nationalists. In a front page that riffed on the arrival of the royal baby
Published 01 May, 2015 12:00am
Obama taps Africa hand as USAID chief

Obama taps Africa hand as USAID chief

President Barack Obama on Thursday tapped veteran Africa expert Gayle Smith to head the US Agency for International Development, which manages $20 billion of taxpayer money. "I've worked closely with Gayle for nearly a decade," Obama said, lauding Smith's
Published 01 May, 2015 12:00am
Boy, woman rescued in Kathmandu rubble

Boy, woman rescued in Kathmandu rubble

Hundreds cheered as rescuers toiling amid rubble left by Nepal's earthquake pulled a boy and a woman to safety on Thursday after they had been trapped for five days. A 23-year-old maid, Krishna Devi Khadka, was found lying along with the bodies of three o
Published 01 May, 2015 12:00am
Ethiopians block Jerusalem roads over police brutality

Ethiopians block Jerusalem roads over police brutality

Scuffles broke out in central Jerusalem Thursday between security forces and around 2,000 Ethiopian protesters demanding an investigation into alleged police brutality against Africans living in Israel. The demonstrators were seen trying to march on Prime
Published 01 May, 2015 12:00am
German police foil militant attack

German police foil militant attack

German police said on Thursday they had thwarted a planned Islamist attack, detaining a couple with suspected Salafist militant links, and cancelled a Frankfurt May Day cycle race after they had been seen along the route. Public prosecutor Albrecht Schrei
Published 01 May, 2015 12:00am
Soldier killed as Burundi hit by more violent protests

Soldier killed as Burundi hit by more violent protests

A Burundi soldier was shot dead by an intelligence officer while at least nine protesters were hurt in renewed clashes in the capital Bujumbura Thursday, over a bid by the country's president to stand for a third term. The soldier died and a civilian was
Published 01 May, 2015 12:00am
Ukrainian rebels expel foreign aid group IRC

Ukrainian rebels expel foreign aid group IRC

Representatives of a New York-based aid group were expelled from separatist-held territories in eastern Ukraine on Thursday after rebels closed down their operational base, accusing them of spying. Around 17 foreign and local workers for the International
Published 01 May, 2015 12:00am
Clashes between Mali army, rebels leave 19 dead

Clashes between Mali army, rebels leave 19 dead

Ten militants and nine soldiers died in clashes between the Malian army and the main Tuareg rebel alliance, the government said Thursday, raising fears for the country's fragile peace process. The Tuareg-led Coordination for the Movements of Azawad (CMA)
Published 01 May, 2015 12:00am
Chile's Calbuco volcano erupts again

Chile's Calbuco volcano erupts again

The Calbuco volcano in southern Chile erupted again Thursday, releasing a large column of smoke just over a week after it spectacularly roared to life following half a century of inactivity. "As predicted, the third eruptive pulse at the Calbuco volcano h
Published 01 May, 2015 12:00am
Syria rebels urge US to help create safe havens

Syria rebels urge US to help create safe havens

The head of the Syrian opposition National Coalition called on the United States Thursday to help set up safe havens inside Syria in areas under rebel control. Meeting with US Secretary of State John Kerry at the State Department, coalition president Khal
Published 01 May, 2015 12:00am
France and Qatar seal $7 billion Rafale fighter jet deal

France and Qatar seal $7 billion Rafale fighter jet deal

Qatar has agreed to buy 24 Dassault Aviation-built Rafale fighter jets in a 6.3-billion-euro ($7 billion) deal, the French government said on Thursday, as the Gulf Arab state looks to boost its military firepower in an increasingly unstable region. Tensio
Published 01 May, 2015 12:00am
RBS bank dives into red

RBS bank dives into red

Britain's state-rescued Royal Bank of Scotland said Thursday it sank into a first-quarter net loss on vast provisions for restructuring and legacy costs linked to its past conduct. RBS, about 80-percent owned by the government after a 2008 bailout, said l
Published 01 May, 2015 12:00am
RBS bank dives into red

RBS bank dives into red

Britain's state-rescued Royal Bank of Scotland said Thursday it sank into a first-quarter net loss on vast provisions for restructuring and legacy costs linked to its past conduct. RBS, about 80-percent owned by the government after a 2008 bailout, said l
Published 01 May, 2015 12:00am
NY Times swings to loss

NY Times swings to loss

The New York Times Co on Thursday reported a $14.3 million loss in the first quarter, hit by a drop in advertising revenues and one-time pension settlement costs. The publisher of the prestigious US daily said advertising revenues fell almost six percent,
Published 01 May, 2015 12:00am
NY Times swings to loss

NY Times swings to loss

The New York Times Co on Thursday reported a $14.3 million loss in the first quarter, hit by a drop in advertising revenues and one-time pension settlement costs. The publisher of the prestigious US daily said advertising revenues fell almost six percent,
Published 01 May, 2015 12:00am
Shell posts lower net profits

Shell posts lower net profits

Anglo-Dutch energy giant Royal Dutch Shell, which is buying British rival BG Group, posted falling first-quarter profits Thursday on sliding oil prices. Net profit or earnings after tax dipped two percent to $4.4 billion (4.0 billion euros) in the three m
Published 01 May, 2015 12:00am
Shell posts lower net profits

Shell posts lower net profits

Anglo-Dutch energy giant Royal Dutch Shell, which is buying British rival BG Group, posted falling first-quarter profits Thursday on sliding oil prices. Net profit or earnings after tax dipped two percent to $4.4 billion (4.0 billion euros) in the three m
Published 01 May, 2015 12:00am
Nokia posts 'unsatisfactory' quarterly profit

Nokia posts 'unsatisfactory' quarterly profit

Finnish telecoms equipment maker Nokia reported Thursday a first quarter profit, but said it was disappointed by its networks unit's profitability ahead of its acquisition of rival Alcatel-Lucent. Nokia posted a net profit of 177 million euros ($198 milli
Published 01 May, 2015 12:00am
Nokia posts 'unsatisfactory' quarterly profit

Nokia posts 'unsatisfactory' quarterly profit

Finnish telecoms equipment maker Nokia reported Thursday a first quarter profit, but said it was disappointed by its networks unit's profitability ahead of its acquisition of rival Alcatel-Lucent. Nokia posted a net profit of 177 million euros ($198 milli
Published 01 May, 2015 12:00am
Russia cuts key rate in bid to haul economy out of recession

Russia cuts key rate in bid to haul economy out of recession

Russia's central bank on Thursday cut its key interest rate by 1.5 percentage points to 12.5 percent, in a bid to lift the economy out of recession. The economy had contracted by 2.2 percent in the first three months, hit by a collapse in crude prices and
Published 01 May, 2015 12:00am
Russia cuts key rate in bid to haul economy out of recession

Russia cuts key rate in bid to haul economy out of recession

Russia's central bank on Thursday cut its key interest rate by 1.5 percentage points to 12.5 percent, in a bid to lift the economy out of recession. The economy had contracted by 2.2 percent in the first three months, hit by a collapse in crude prices and
Published 01 May, 2015 12:00am
US data suggest economy picking up steam after weak Q1

US data suggest economy picking up steam after weak Q1

The number of Americans filing new claims for jobless benefits tumbled to a 15-year low last week and consumer spending rose in March, signs the economy was regaining momentum after stumbling badly in the first quarter. The economic outlook was brightened
Published 01 May, 2015 12:00am
BoJ pushes back inflation target timeframe, keeps policy steady

BoJ pushes back inflation target timeframe, keeps policy steady

The Bank of Japan pushed back the timeframe for hitting its ambitious inflation target on Thursday but refrained from expanding its already massive stimulus programme, clinging to its conviction that a steady economic recovery will gradually nudge up pric
Published 01 May, 2015 12:00am
German unemployment hits 24-year low

German unemployment hits 24-year low

German unemployment fell in April to the lowest level in 24 years as the recovery in Europe's biggest economy continues to pick up speed, data showed on Thursday. The number of people registered as unemployed in Germany fell by a seasonally-adjusted 8,000
Published 01 May, 2015 12:00am
Sony posts $1.1 billion FY loss

Sony posts $1.1 billion FY loss

Sony on Thursday booked a $1.1 billion annual loss, but the struggling electronics giant said it expects to swing back to profitability in the current fiscal year as it emerges from a painful corporate makeover. The latest loss for Sony comes as the once
Published 01 May, 2015 12:00am
Sony posts $1.1 billion FY loss

Sony posts $1.1 billion FY loss

Sony on Thursday booked a $1.1 billion annual loss, but the struggling electronics giant said it expects to swing back to profitability in the current fiscal year as it emerges from a painful corporate makeover. The latest loss for Sony comes as the once
Published 01 May, 2015 12:00am
Eurozone exits deflation but dangers still loom

Eurozone exits deflation but dangers still loom

The eurozone exited four months of deflation in April, official data showed on Thursday, reversing a dangerous bout of declining prices, but problems remain and the recovery is weak. Inflation in the 19-nation single currency bloc hit zero percent in Apri
Published 01 May, 2015 12:00am
Cotton hits more than seven-month high after export sales report

Cotton hits more than seven-month high after export sales report

ICE cotton hit a more than seven-month high on Thursday after a US government report showed export sales for the current crop were above the prior four-week average, signaling strong demand for high-quality US cotton. "There is a finite supply of high-gra
Published 01 May, 2015 12:00am
Shanghai copper climbs

Shanghai copper climbs

The most-traded July copper contract on the Shanghai Futures Exchange climbed 0.9 percent to 44,240 yuan ($7,134) a tonne on Thursday. The ShFE will be closed on Friday. Buyers rushed into the contract on pent up supply worries, forcing a flurry of short-
Published 01 May, 2015 12:00am
Nickel surges on supply concerns, copper climbs

Nickel surges on supply concerns, copper climbs

Nickel surged 4 percent to a one-month high on Thursday after BHP Billiton declared force majeure at a plant in Colombia, adding to supply concerns, while other metals also gained as investors cancelled bearish positions. Copper jumped to its highest this
Published 01 May, 2015 12:00am
Rubber rises

Rubber rises

Benchmark Tokyo rubber futures rose for a third session to an eight-week high on Thursday, as investors stepped up buying on top producers' efforts to bolster prices and a climb in Shanghai futures, dealers said. The Tokyo Commodity Exchange (TOCOM) rubbe
Published 01 May, 2015 12:00am
Palm oil rises

Palm oil rises

Malaysian palm oil futures rose for the first time in a week on Thursday as investors squared positions ahead of a long holiday weekend, but the gains were not enough to prevent the contract from recording its second straight monthly drop. A strong ringgi
Published 01 May, 2015 12:00am
Corn, wheat rebound on technicals

Corn, wheat rebound on technicals

US grains jumped as much as 1 percent on Wednesday, with corn rebounding from a six-month low and wheat from a nearly five-year low on support from short covering and a weaker dollar Soyabeans also gained at the Chicago Board of Trade, buoyed by a strike
Published 01 May, 2015 12:00am
Raw sugar falls

Raw sugar falls

Raw sugar futures on ICE were mostly higher on Thursday, with the spot contract falling from the highest level in nearly eight weeks ahead of a record delivery, though the sweetener saw its strongest monthly gain in nearly two years. Arabica coffee future
Published 01 May, 2015 12:00am
Gold falls in New York

Gold falls in New York

Gold fell on Wednesday, extending the session's losses after the US Federal Reserve signalled it was taking a meeting-by-meeting approach on when to raise interest rates for the first time since 2006. Following a two-day meeting, the Federal Reserve point
Published 01 May, 2015 12:00am
Gold retains losses in Asia

Gold retains losses in Asia

Gold retained losses from overnight on Thursday, as the Federal Reserve characterised a recent slowdown in the US economy as transitory, not ruling out an interest rate hike this year. Spot gold was trading flat at $1,204.20 an ounce by 0640 GMT, after lo
Published 01 May, 2015 12:00am
Gold falls two percent in Europe

Gold falls two percent in Europe

Gold fell two percent on Thursday after better-than-forecast US jobs data boosted the dollar, reviving expectations the Federal Reserve could raise interest rates soon. Data on Thursday showed claims for state unemployment benefits declined 34,000 to a se
Published 01 May, 2015 12:00am
US MIDDAY: wheat slumps

US MIDDAY: wheat slumps

US wheat fell as much as 2 percent on Thursday, heading for its second straight monthly decline on pressure from improving crop conditions in the southern Plains and disappointing weekly export sales. Corn and soyabeans also were lower at the Chicago Boar
Published 01 May, 2015 12:00am
US MIDDAY: gold drops

US MIDDAY: gold drops

Gold fell 2 percent early on Thursday after better-than-forecast US jobs data encouraged investors to sell the traditional safe-haven market, reviving expectations the Federal Reserve could raise interest rates soon. Data on Thursday showed claims for sta
Published 01 May, 2015 12:00am
Oil has best monthly gain in six years but rally may hit 'speed bumps'

Oil has best monthly gain in six years but rally may hit 'speed bumps'

Oil rounded out its best monthly gain in six years on Thursday, with the two global benchmarks for crude rising between 20 and 25 percent in April, helped by a weaker dollar and bets that a supply glut would ease. After the June-till-January selloff that
Published 01 May, 2015 12:00am
KASB Bank refutes MoF stance

KASB Bank refutes MoF stance

KASB Bank Thursday refuted the Ministry of Finance stance on KASB Bank issue saying it is the Ministry of Finance and SBP bona fides that need to be questioned. It said, "On November 14th, while 5 banks were failing to meet Minimum Capital Requirement - S
Published 01 May, 2015 12:00am
KASB-BankIslami amalgamation: Modalities sent to MoF for approval: SBP

KASB-BankIslami amalgamation: Modalities sent to MoF for approval: SBP

Modalities for amalgamation of KASB Bank Limited into BankIslami Pakistan Limited have been finalised and accordingly sent to the Ministry of Finance for a formal approval. Abid Qamar, spokesman for State Bank of Pakistan (SBP) said on Thursday that the a
Published 01 May, 2015 12:00am
KP PDWP approves 14 projects

KP PDWP approves 14 projects

A meeting of the Provincial Development Working Party (PDWP) was held under the Chairmanship of Dr Hammad Owais Agha the Additional Chief Secretary Khyber Pakhtunkhwa at Civil Secretariat Peshawar on Thursday. The meeting was attended by its members and r
Published 01 May, 2015 12:00am
Swiss banks no longer safe haven for money launderers, says envoy

Swiss banks no longer safe haven for money launderers, says envoy

Switzerland's ambassador to Pakistan Marc Peirre George Thursday said his country is no longer a safe haven for internationally laundered black money. This the Swiss envoy stated while responding to questions from audience at an interactive session on "Pa
Published 01 May, 2015 12:00am
Seminar

Seminar

The Department of Gynecology and Obstetrics, Liaquat University of Medical & Health Sciences Jamshoro in collaboration with The Aga Khan University Hospital Karachi arranged a "Continuing Medical Education Seminar" on "Intrauterine Growth Restrictions" &
Published 01 May, 2015 12:00am
Rs 1,975 billion collected provisionally during July-April

Rs 1,975 billion collected provisionally during July-April

The Federal Board of Revenue (FBR) has provisionally collected Rs 1,975 billion during July-April (2014-15) against Rs 1745 billion in the corresponding period of last fiscal, reflecting a growth of 13 percent. According to the data compiled by the FBR he
Published 01 May, 2015 12:00am
Emancipation of workers vital for development: President

Emancipation of workers vital for development: President

President Mamnoon Hussain has said that all claims of development remain meaningless until the vulnerable working class is emancipated and empowered. In his message on the Labour Day, the President said a contended and satisfied labour force is central to
Published 01 May, 2015 12:00am
HBL profit surges 63 percent to record high

HBL profit surges 63 percent to record high

HBL on Thursday announced its first quarter 2015 results and has delivered a record post-tax profit of Rs 10 billion, representing a growth of 63 percent over the same period last year. Consequently, earnings per share for the quarter increased to Rs 6.73
Published 01 May, 2015 12:00am
HBL profit surges 63 percent to record high

HBL profit surges 63 percent to record high

HBL on Thursday announced its first quarter 2015 results and has delivered a record post-tax profit of Rs 10 billion, representing a growth of 63 percent over the same period last year. Consequently, earnings per share for the quarter increased to Rs 6.73
Published 01 May, 2015 12:00am
Possession of plots handed over to SU employees

Possession of plots handed over to SU employees

The Sindh University on Thursday handed over the physical possession of plots to 1150 allottee employees after the decision given in a meeting by the organizing committee of SU Mohtarma Benazir Bhutto Staff Housing Scheme which was held 3 days back. Vice
Published 01 May, 2015 12:00am
Election petition: Tribunal restrained from pronouncing verdict

Election petition: Tribunal restrained from pronouncing verdict

Sindh High Court on Thursday restrained Hyderabad election tribunal from pronouncing its verdict on an election petition against the victory of Syed Qaim Ali Shah on PS-29 Khairpur district till May 4. A division bench, headed by Justice Munib Akhtar, gav
Published 01 May, 2015 12:00am
Imports of telecom products soar to $1.070 billion during July-March

Imports of telecom products soar to $1.070 billion during July-March

Pakistan's imports of telecom products soared to $1.070 billion during July-Mar 2014-15, higher by 15 percent, official figures said. Telecom imports showed an increase of $137.243 million in July-March 2014-15 from $933.543 million in July-March 2013-14,
Published 01 May, 2015 12:00am
Seminar on Fulbright Scholarship held at SAU

Seminar on Fulbright Scholarship held at SAU

The students from the backward area of Sindh province can avail scholarships for their brighten future. The scholarship programs offered by United State Educational Foundation in Pakistan (USEFP) are admirable and hope that the academia and students will
Published 01 May, 2015 12:00am
Nepra's regional office lying idle since long

Nepra's regional office lying idle since long

National Electric Power Regulatory Authority's (Nepra) regional office in the city has been lying dysfunctional for the last five months, creating problems for the consumers of K-Electric in getting their complaints registered with the regulatory authorit
Published 01 May, 2015 12:00am
Deputy Chairman ERRA meets Ambassador of Nepal

Deputy Chairman ERRA meets Ambassador of Nepal

The lessons learnt by Earthquake Reconstruction and Rehabilitation Authority (ERRA) would help handling rehabilitation of earthquake victims of Nepal. Talking to Ambassador of Nepal Bharat Raj Paudyal, Deputy Chairman Major General Azeem Asif said that bo
Published 01 May, 2015 12:00am
Chairman EPZA visits Sialkot

Chairman EPZA visits Sialkot

Chairman Export Processing Zones Authority (EPZA) Dr Muhammad Khawar Jameel said that adequate efforts are being made to address the problems confronted by investors on top priority basis. Addressing a meeting of local and foreign investors at Sialkot Exp
Published 01 May, 2015 12:00am
RCCI organises Rawalpindi Icon Award ceremony

RCCI organises Rawalpindi Icon Award ceremony

In line to recognise the contributions of individuals and industry from Rawalpindi in different spheres of life, Rawalpindi Chamber of Commerce and Industry (RCCI) on Thursday organised Rawalpindi Icon award ceremony. According to RCCI the award ceremony
Published 01 May, 2015 12:00am
Uzair Baloch 'gone with the wind' after release

Uzair Baloch 'gone with the wind' after release

Notorious Lyari ganglord Uzair Jan Baloch, who was reportedly cut loose by United Arab Emirates (UAE) authorities last week, has allegedly gone into hiding. Master of a ring of gangs, fugitive Uzair Baloch, who had taken flight to Middle East to avoid arr
Published 01 May, 2015 12:00am
CNG outlets in Punjab go bankrupt due to gas suspension: APCNGA

CNG outlets in Punjab go bankrupt due to gas suspension: APCNGA

Ghiyas Abdullah Paracha, Chairman Supreme Council All CNG Association (APCNGA) on Thursday said CNG outlets of Punjab have become bankrupt because of gas suspension for the last six months. Addressing a press conference here, he said that the government p
Published 01 May, 2015 12:00am
Baby born at Pakistan Army hospital in Nepal named 'Lahore'

Baby born at Pakistan Army hospital in Nepal named 'Lahore'

The first baby born at a hospital set up in Nepal by the Pakistan Army has been named after the city of Lahore, the foreign office said on Thursday. Pakistan sent relief goods and rescue teams to the earthquake devastated Himalayan nations, including army
Published 01 May, 2015 12:00am
KSE starts verifying claims against ACR Securities

KSE starts verifying claims against ACR Securities

The Board of Directors of the Karachi Stock Exchange (KSE) met here Thursday to direct the Exchange that all necessary steps be taken to protect investor interest. Specifically in case of ACE Securities Limited, the Board directed the management of KSE to
Published 01 May, 2015 12:00am
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