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Nov 02, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-05-27
Tata Motors net profit down 56 percent

Tata Motors net profit down 56 percent

Tata Motors Ltd , India's biggest automaker by revenue, reported a surprise 56 percent drop in quarterly net profit on Tuesday, hit by cooling demand for its sleek Jaguar saloons and sporty Range Rovers in the key Chinese market. The company said it expec
Published 27 May, 2015 12:00am
Tata Motors net profit down 56 percent

Tata Motors net profit down 56 percent

Tata Motors Ltd , India's biggest automaker by revenue, reported a surprise 56 percent drop in quarterly net profit on Tuesday, hit by cooling demand for its sleek Jaguar saloons and sporty Range Rovers in the key Chinese market. The company said it expec
Published 27 May, 2015 12:00am
French-German eurozone blueprint could frustrate Cameron plans

French-German eurozone blueprint could frustrate Cameron plans

Germany and France have agreed plans to strengthen co-operation among euro zone countries without changing existing EU treaties, in a potential setback for British Prime Minister David Cameron as he holds key meetings this week with both countries' leader
Published 27 May, 2015 12:00am
Gulf moves little but Saudi's Ma'aden surges to record

Gulf moves little but Saudi's Ma'aden surges to record

Shares in Saudi Arabian Mining Co (Ma'aden) helped lift the Riyadh bourse on Tuesday as they surged to a record high, while other Gulf markets barely moved and profit-taking continued in Egypt. Saudi Arabia's index rose 0.8 percent and Ma'aden gained 6.4
Published 27 May, 2015 12:00am
Nikkei up for 8th day

Nikkei up for 8th day

Japanese stocks edged up in a choppy session on Tuesday, with the eighth day of gains underpinned by optimism about the economy's recovery. The Nikkei 225 ended 0.1 percent higher at 20,437.48 after flitting between positive and negative territory during
Published 27 May, 2015 12:00am
Tuesday's early afternoon trade: US stocks off sharply as dollar rallies

Tuesday's early afternoon trade: US stocks off sharply as dollar rallies

US stocks were recording their steepest fall in three weeks in midday trading on Tuesday, as a host of positive economic data increased the likelihood of a rate hike in the near term and sent the dollar soaring. The dollar was hovering at a one-month peak
Published 27 May, 2015 12:00am
Hong Kong shares rise

Hong Kong shares rise

Hong Kong shares flirted with seven-year highs on Tuesday, as investors returning from Monday's holiday piled into stocks after Beijing's newly-unveiled cross-border investment scheme fuelled expectations of more money inflows from the mainland. The Hang
Published 27 May, 2015 12:00am
Southeast Asian stocks mostly down

Southeast Asian stocks mostly down

Most share markets in Southeast Asia fell on Tuesday with the Thai index ending at a near two-week low and the Philippines touching a near four-week low after trade data while stocks in Indonesia bucked a weak trend on inflows into select large-caps. The
Published 27 May, 2015 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks rose 0.26 percent on Tuesday, with airlines and travel agencies benefiting from a cross-strait deal on transiting passengers. As of 0136 GMT, the main TAIEX index was up 25.96 points at 9672.02, largely in line with the mixed showing in othe
Published 27 May, 2015 12:00am
Indian shares fall to 1-1/2 week low

Indian shares fall to 1-1/2 week low

Indian shares fell for a second consecutive session on Tuesday to their lowest close in 1-1/2 weeks as caution ahead of results of major companies such as Tata Motors Ltd and uncertainty about Greece's fiscal woes prompted investors to trim positions. Tat
Published 27 May, 2015 12:00am
China stocks reach another 7-year high

China stocks reach another 7-year high

China stocks rose again on Tuesday to another seven-year high, with tech stocks returning to investors' favour on fresh signs of government support. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.0 percent, to 5,198.92, w
Published 27 May, 2015 12:00am
European shares stumble on Spanish and Greek worries

European shares stumble on Spanish and Greek worries

European stock markets stumbled on Tuesday as Greece's debt problems and a battering for Spain's government in local elections offset a rise in airline shares. The pan-European FTSEurofirst 300 index and the euro zone's bluechip Euro STOXX 50 index fell 0
Published 27 May, 2015 12:00am
Oil and gas shares tug TSX lower in lethargic trade

Oil and gas shares tug TSX lower in lethargic trade

Canada's main stock index edged lower on Monday as investors took money out of recently rising energy stocks in trade made sluggish by the US Memorial Day holiday, but banks firmed ahead of closely watched quarterly earnings reports. The energy sector, wh
Published 27 May, 2015 12:00am
Australian shares power up

Australian shares power up

Australian shares jumped to a three-week peak on Tuesday, after a rebound in iron ore prices prompted investors to buy battered resource stocks, while AGL Energy soared on plans to sell assets and cut costs. The S&P/ASX 200 index rose 0.9 percent to 5,773
Published 27 May, 2015 12:00am
FTSE sets 2-week low, commodity and banking stocks weigh

FTSE sets 2-week low, commodity and banking stocks weigh

Britain's top share index hit a two-week closing low on Tuesday, with banks slipping after Spanish regional election results put euro zone financials on the back foot, while falling oil and metals prices hit commodity stocks. Spanish Prime Minister Marian
Published 27 May, 2015 12:00am
Yuan softens on 3-week low
Currency

Yuan softens on 3-week low

China's yuan weakened against the dollars for the second consecutive session on Tuesday after the central bank set the daily guidance rate at a three-week low. The People's Bank of China (PBOC) set the midpoint rate at 6.1172 per dollar prior to market op
Published 27 May, 2015 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.25-7.00 percent. (Previous 05.25-07.00 percent).
Published 27 May, 2015 12:00am
Russian rouble retreats
Currency

Russian rouble retreats

The Russian rouble retreated on Tuesday as the US dollar surged on global markets, oil prices slid, and the need for roubles to pay monthly taxes waned. At 1450 GMT, the rouble was 1.2 percent weaker against the dollar at 50.58 and down 0.4 percent to 54.
Published 27 May, 2015 12:00am
Dollar scales 1-month highs vs majors in Asia
Currency

Dollar scales 1-month highs vs majors in Asia

The dollar scaled a one-month high against a basket of major currencies on Tuesday, having remained bid after comments from Federal Reserve Chair Janet Yellen reinforced a tightening bias on interest rates. The dollar index last traded at 96.604 after rea
Published 27 May, 2015 12:00am
Early trade in New York: Dollar gains against major currencies
Currency

Early trade in New York: Dollar gains against major currencies

The dollar rose more than 1 percent against other major currencies on Tuesday, extending recent gains largely driven by increasing expectations the Federal Reserve will start raising US interest rates in 2015. The dollar climbed to its highest in nearly e
Published 27 May, 2015 12:00am
Dollar back on upward track in Europe
Currency

Dollar back on upward track in Europe

The dollar rose 1 percent against a basket of currencies on Tuesday, extending gains since a rise in US core inflation last Friday and driving the euro briefly below $1.09 for the first time in a month. Against the yen, it broke through longer-term resist
Published 27 May, 2015 12:00am
Solid dollar hits Asia FX
Currency

Solid dollar hits Asia FX

Most emerging Asian currencies extended losses on Tuesday with the Singapore dollar slipping to one-month lows despite robust growth data, as the dollar was broadly stronger on US rate hike views and Greece's debt problems. The Singapore dollar was also u
Published 27 May, 2015 12:00am
Egyptian pound steady
Currency

Egyptian pound steady

Egypt's central bank kept the pound steady at 7.53 to the dollar at a foreign exchange auction on Tuesday, while the currency was largely stable on the black market. The central bank has held the official exchange rate steady for more than three months si
Published 27 May, 2015 12:00am
Sterling jumps against struggling euro
Currency

Sterling jumps against struggling euro

Sterling rose to a 2-1/2 month high against a struggling euro on Tuesday, with the single currency weighed down by Greece's debt problems and interest rate differentials moving in favour of the British pound. Yields on safe-haven German Bunds, the euro zo
Published 27 May, 2015 12:00am
Aussie, New Zealand dollar rise on euro
Currency

Aussie, New Zealand dollar rise on euro

The Australian and New Zealand dollars extended gains versus the euro as more easing by the European Central Bank and the ongoing Greek debt crisis dented appetite for the common currency. They had less luck against a firm US dollar with the Aussie sluggi
Published 27 May, 2015 12:00am
UNHCR slashes Burundi refugee figure from earlier 'guesstimate'

UNHCR slashes Burundi refugee figure from earlier 'guesstimate'

The UN refugee agency UNHCR said on Tuesday that 72,618 people have fled Burundi in recent weeks, cutting its estimate of how many had sought asylum in neighbouring countries by more than 30,000. The UNHCR had previously said 110,000 Burundians had fled t
Published 27 May, 2015 12:00am
UK Lords could water down government plans on EU, human rights

UK Lords could water down government plans on EU, human rights

Britain's new Conservative government will have a fight on its hands when it tries to get legislation on an EU membership referendum and on human rights through parliament's House of Lords, where it is in a minority. The Conservatives unexpectedly won an
Published 27 May, 2015 12:00am
Iraq's Shia militia take lead in campaign to reverse Islamic State gains

Iraq's Shia militia take lead in campaign to reverse Islamic State gains

Iraq's Shia paramilitaries said on Tuesday they had taken charge of the campaign to drive Islamic State from the western province of Anbar, giving the operation an openly sectarian codename that could infuriate its Sunni Muslim population. The United Stat
Published 27 May, 2015 12:00am
Only new refugees to benefit from EU quotas in migrant crisis

Only new refugees to benefit from EU quotas in migrant crisis

The European Union will consider new refugees reaching Italy and Greece in its migrant quotas, not those already in camps, according to a proposal seen by Reuters to be presented on Wednesday, a concession to EU governments against the plan. Seeking to sh
Published 27 May, 2015 12:00am
Taliban suicide bombers attack Afghan court killing two

Taliban suicide bombers attack Afghan court killing two

Taliban suicide bombers attacked a court in Wardak province on Tuesday, killing two police officers before being shot dead as they entered the compound, the police chief said. The police officers were killed when one of the bombers detonated his vest at t
Published 27 May, 2015 12:00am
US top court backs contractor KBR in Iraq whistleblower case

US top court backs contractor KBR in Iraq whistleblower case

The Supreme Court on Tuesday handed a victory to defence contractor KBR Inc in its legal fight with a former employee who filed a whistleblower suit accusing it of defrauding the US government over water purification work in Iraq. The justices ruled 9-0 t
Published 27 May, 2015 12:00am
Russia launches large-scale air defence drills

Russia launches large-scale air defence drills

Russia has begun air defence exercises in the Ural mountains and western Siberia involving 12,000 soldiers and 250 aircraft, the defence ministry said on Tuesday. The manoeuvres, which began on Monday and are to last until Thursday, are meant to help the
Published 27 May, 2015 12:00am
Two dead, several hurt in shooting at Wal-Mart

Two dead, several hurt in shooting at Wal-Mart

Police say two people have died in a shooting at a Wal-Mart store in North Dakota. Officers responded to reports of gunshots shortly after 1 am Tuesday. Deputy Police Chief Mike Ferguson says officers discovered "multiple victims" inside the store, and se
Published 27 May, 2015 12:00am
Iran and Oman discuss Yemen war, settle maritime borders

Iran and Oman discuss Yemen war, settle maritime borders

Iran's Foreign Minister Mohammad Javad Zarif discussed how to advance Yemeni peace efforts with his Omani counterpart on Tuesday, Iranian media reported, on a visit to a country that has often played a conciliatory role in Gulf conflicts. Speaking after t
Published 27 May, 2015 12:00am
Seven members of Yemeni family killed in Saudi-led strike

Seven members of Yemeni family killed in Saudi-led strike

Seven members of a family were killed in an overnight strike by Saudi-led warplanes on a border village in northern Yemen, residents said, as heavy clashes erupted across the frontier after Houthi fire killed one Saudi citizen. In southern Yemen, the Saud
Published 27 May, 2015 12:00am
Washington Post reporter goes on trial in Tehran behind closed doors

Washington Post reporter goes on trial in Tehran behind closed doors

Washington Post reporter Jason Rezaian went on trial on espionage charges behind closed doors in Tehran on Tuesday, 10 months after he was arrested at his home and imprisoned, Iran's semi-official Tasnim news agency reported. His wife, Yeganeh Salehi, and
Published 27 May, 2015 12:00am
Malaysian police reveal grim secrets of jungle trafficking camps

Malaysian police reveal grim secrets of jungle trafficking camps

Malaysian police forensic teams, digging with hoes and shovels, on Tuesday began pulling out bodies from shallow graves found in abandoned jungle camps where an inter-governmental body said hundreds of victims of human traffickers may be buried. The Malay
Published 27 May, 2015 12:00am
Storms kill eight in Texas, Oklahoma; floods sweep Houston

Storms kill eight in Texas, Oklahoma; floods sweep Houston

Torrential rains have killed at least eight people in Texas and Oklahoma, including two in Houston where flooding turned streets into rivers and led to about 1,000 calls for help in the fourth-most populous US city, officials said on Tuesday. Numerous peo
Published 27 May, 2015 12:00am
Space for flood water Irsa stops filling of Tarbela, Mangla dams
Cotton

Space for flood water Irsa stops filling of Tarbela, Mangla dams

As the federal and provincial governments are taking necessary pre-monsoon flood protection measures, the Indus River System Authority has stopped filling the Tarbela and Mangla dams to keep sufficient space for management of flood water in the rivers Ind
Published 27 May, 2015 12:00am
Nobody will be allowed to tamper with constitution: MYC

Nobody will be allowed to tamper with constitution: MYC

The Milli Yakjehti Council has said that the constitution of the country is Islamic in character and nobody would be allowed to tamper with it. The executive body of the MYC at its meeting presided over the MYC deputy chief and Chief of the Tanzeem e Isla
Published 27 May, 2015 12:00am
PTEA calls for zero-rating of textile exports

PTEA calls for zero-rating of textile exports

Pakistan Textile Exporters Association (PTEA) has called for zero-rating sales tax facility on export oriented textile chain, as huge amounts stuck up in refund regime has squeezed the financial streams and are breading the cash flow jerks for textile exp
Published 27 May, 2015 12:00am
Metro Bus: Punjab chief minister reviews progress

Metro Bus: Punjab chief minister reviews progress

Punjab Chief Minister Shahbaz Sharif has said that Rawalpindi-Islamabad Metro Bus service is a splendid project regarding provision of comfortable, speedy and affordable travelling facilities to the people and will bring a revolutionary change in transpor
Published 27 May, 2015 12:00am
Rangers defuse explosives

Rangers defuse explosives

Rangers on Tuesday carried out a controlled explosion in a bid to defuse explosives recovered from Orangi Town on Monday night during a search operation in the area to flush out terrorists. The explosives were detonated in Manghopir area and explosion was
Published 27 May, 2015 12:00am
Dialysis unit at Kidney Centre expanded

Dialysis unit at Kidney Centre expanded

The Kidney Centre Post Graduate Training Institute (TKC-PGTI)is a non-profit specialised hospital providing a comprehensive renal care, either free-of-cost or at largely subsidised rates to over 70 percent of its patients since 1985. Owing to the ever-gro
Published 27 May, 2015 12:00am
Morsi death sentence: Egypt protests Pakistan criticism

Morsi death sentence: Egypt protests Pakistan criticism

Egypt summoned Pakistan's charge d'affaires to protest at Islamabad's criticism of the death sentence handed down to ousted president Mohamed Morsi, the foreign ministry said on Tuesday. Egypt denounces any "interference in its internal affairs which cast
Published 27 May, 2015 12:00am
Belarussian investors facing harassment

Belarussian investors facing harassment

Senior Belarussian businessmen, who are bringing vital tractor manufacturing technology and investment into Pakistan are unfortunately facing harassment and threats in Pakistan. The foreign nationals in question are directors of a Pakistani company MTW PA
Published 27 May, 2015 12:00am
Lawyers protest against colleagues' killings

Lawyers protest against colleagues' killings

The lawyers of Islamabad observed a strike and boycotted the court proceedings to protest the killing of two lawyers in Daska on Monday, here on Tuesday. The two lawyers including the president of Daska bar were killed in the firing of police when they we
Published 27 May, 2015 12:00am
Huffaz Seamless Pipe Industries

Huffaz Seamless Pipe Industries

It's not easy to be a shareholder in Huffaz Seamless Pipe Industries (HSPI) and there are quite a many shareholders in the market - about 23 million - aside from 30 million shares (or 54.8 percent of the total) currently held by the firm's directors, thei
Published 27 May, 2015 12:00am
Huffaz Seamless Pipe Industries

Huffaz Seamless Pipe Industries

It's not easy to be a shareholder in Huffaz Seamless Pipe Industries (HSPI) and there are quite a many shareholders in the market - about 23 million - aside from 30 million shares (or 54.8 percent of the total) currently held by the firm's directors, thei
Published 27 May, 2015 12:00am
Non-Payment to PIA: PAC sub-committee takes up matter

Non-Payment to PIA: PAC sub-committee takes up matter

Public Accounts Committee's (PAC) sub-committee on Tuesday took up the matter of non payment by Bhoja Airline and SAF Air Training School to Pakistan International Airline. Audit officials stated that in 1996-97 audit report indicated that both the airlin
Published 27 May, 2015 12:00am
PC Rawalpindi holds Kids' Carnival

PC Rawalpindi holds Kids' Carnival

Abdul Hayee, Deputy General Manager, Pearl Continental Hotel Rawalpindi along with the children and families inaugurated the 'Kids Carnival' at the Pearl Continental Hotel, Rawalpindi.
Published 27 May, 2015 12:00am
SECP revises NBFCs, NERs

SECP revises NBFCs, NERs

Securities and Exchange Commission of Pakistan (SECP) has revised Non-Banking Finance Companies and Notified Entities Regulations for streamlining NBFCs providing asset management services. In this regard, the SECP has amended Non-Banking Finance Companie
Published 27 May, 2015 12:00am
LG polls 2,858 polling stations declared 'most sensitive' in KP

LG polls 2,858 polling stations declared 'most sensitive' in KP

The Election Commission of Pakistan (ECP) Tuesday declared as many as 2,858 polling stations most sensitive and 4,071 sensitive of the total 11,154 polling stations in Khyber Pakhtunkhawa, where local government elections are scheduled to be held on May 3
Published 27 May, 2015 12:00am
Women and the vote: Parliamentary panel makes key recommendation

Women and the vote: Parliamentary panel makes key recommendation

A parliamentary panel on Tuesday recommended to Election Commission of Pakistan (ECP) to declare null and void the elections' result of any constituency where the ratio of women voters is less than 10 percent of the total turnout. This recommendation was
Published 27 May, 2015 12:00am
Attack on Salman Mamnoon: four suspects held

Attack on Salman Mamnoon: four suspects held

Balochistan Frontier Corps arrested four suspected militants during a raid at Ramzan Goth area of industrial estate Hub in Lasbella, here on Tuesday. A spokesman for FC said that the arrested militants who belonged to a banned outfit were allegedly involv
Published 27 May, 2015 12:00am
10th Consumers Choice Awards event today

10th Consumers Choice Awards event today

Consumers Association of Pakistan 10th annual event will be held on Wednesday, in which Mian Raza Rabbani Chairman Senate of Pakistan will be the Chief Guest. The Guests of Honour include Waqar Mehdi Special Assistant Chief Minister Sindh, Rashid Rabbani
Published 27 May, 2015 12:00am
JS Bank sponsors Management Conversations Day

JS Bank sponsors Management Conversations Day

JS Bank has sponsored Management Conversations Day 2015 held in Karachi. The event brought many great thinkers to one platform, enabling them to debate and shares their views regarding the future of Pakistan. The event included 700 delegates which covered
Published 27 May, 2015 12:00am
JS Bank sponsors Management Conversations Day

JS Bank sponsors Management Conversations Day

JS Bank has sponsored Management Conversations Day 2015 held in Karachi. The event brought many great thinkers to one platform, enabling them to debate and shares their views regarding the future of Pakistan. The event included 700 delegates which covered
Published 27 May, 2015 12:00am
Killings of four persons: shutter-down strike observed in Quetta

Killings of four persons: shutter-down strike observed in Quetta

Shutter down strike was observed on Tuesday in Quetta where four people were killed and eight wounded on Monday in firing incident. The strike was observed on a call of Balochistan Shia Conference against murder of four persons by unknown gunmen in Meezan
Published 27 May, 2015 12:00am
JI demands IDPs' repatriation ahead of Ramazan

JI demands IDPs' repatriation ahead of Ramazan

Chief of Jamaat-i-Islami (JI), Siraj-ul-Haq, has urged the government to repatriate IDPs to their respective areas before the month of Ramazan, saying the government should take measures for their transportation. He made this demand while addressing a pre
Published 27 May, 2015 12:00am
Rehabilitated units Guddu power plant seeks additional gas

Rehabilitated units Guddu power plant seeks additional gas

The management of Guddu Thermal Power Plant has requested the Ministry of Petroleum and Natural Resources for an additional 224 Million Cubic Feet per Day (MMCFD) of natural gas in the coming months so that it can operationalise old rehabilitated units an
Published 27 May, 2015 12:00am
DG ANF lauds performance of officials in Q1

DG ANF lauds performance of officials in Q1

ANF Force Commanders Conference terminated at HQ ANF Rawalpindi. While making a close-up talk at the occasion, DG ANF Major General Khawar Hanif appreciated the performance of ANF in first quarter of the year, which yielded record achievement, in which 25
Published 27 May, 2015 12:00am
1,000 Customs officials await promotions

1,000 Customs officials await promotions

As many as 1,000 officials of Customs department have been awaiting promotions from Grade 16 to 17 despite passage of one year, as promised by Finance Minister Ishaq Dar in his budget 2014-15 speech. A senior official of the Federal Board of Revenue told
Published 27 May, 2015 12:00am
Pakistan voices concern over plight of Rohingyas

Pakistan voices concern over plight of Rohingyas

Pakistan on Tuesday expressed deep concern over the plight of minority Muslim community in Myanmar and called upon the OIC to take all necessary measures for the rescue and rehabilitation of displaced Rohingya Muslims. "The government of Pakistan has been
Published 27 May, 2015 12:00am
Automobile sector: FBR reviewing structure of duties, taxes

Automobile sector: FBR reviewing structure of duties, taxes

The Federal Board of Revenue (FBR) is reviewing duties and taxes structure on the automobile sector in budget (2015-16) on the recommendations of the Engineering Development Board (EDB) and other stakeholders/departments. Sources said on Tuesday that the
Published 27 May, 2015 12:00am
German delegation meets CoAS, appreciates Zarb-e-Azb

German delegation meets CoAS, appreciates Zarb-e-Azb

German Parliamentary delegation headed by Dagmer G. Wohrl, Member of German Parliament and Chairperson of the Committee on Economic Co-operation and Development of German Parliament called on CoAS General Raheel Sharif at General Headquarters on Tuesday.
Published 27 May, 2015 12:00am
Non-implementation of PHC verdict NADRA employees observe hunger strike

Non-implementation of PHC verdict NADRA employees observe hunger strike

The employees of National Database and Registration Authority (NADRA) on Tuesday staged a hunger strike demanding of the government to announce proper scales with service structure for the employees along with increase in other allowances. The employees o
Published 27 May, 2015 12:00am
Axact scam: Ministry writes letter to US embassy

Axact scam: Ministry writes letter to US embassy

The Ministry of Interior has written a letter to US embassy to seek legal assistance of American intelligence agency Federal Bureau of Investigation (FBI) to conduct a thorough probe into the Axact scam. Sources said that the letter was sent to the US Emb
Published 27 May, 2015 12:00am
Pakistan and Afghanistan Foreign secretary-level consultations held

Pakistan and Afghanistan Foreign secretary-level consultations held

Foreign Secretary-level consultations between Pakistan and Afghanistan were held on Tuesday. Foreign Secretary Aizaz Ahmad Chaudhry led the Pakistani delegation. The Afghan delegation was headed by Afghan Deputy Foreign Minister Hekmat Khalil Karzai. The
Published 27 May, 2015 12:00am
President reiterates resolve to eradicate terrorism

President reiterates resolve to eradicate terrorism

President Mamnoon Hussain on Tuesday said that the government was taking effective measures to curb terrorism, violation of human rights, discrimination against minorities and gender inequality in the country. He said that Pakistan desired friendly relati
Published 27 May, 2015 12:00am
Axact scam: FBR likely to approach UAE ministry

Axact scam: FBR likely to approach UAE ministry

The Federal Board of Revenue (FBR) is likely to approach Ministry of Finance and Industry of the United Arab Emirates (UAE) seeking information about M/s. Axact (Private) Limited from UAE's tax authorities, as it has claimed huge exempt income on the pret
Published 27 May, 2015 12:00am
PCG seizes huge quantity of liquor

PCG seizes huge quantity of liquor

Pakistan Coast Guards (PCG) seized a huge quantity of liquor during a raid near Makran Coastal Highway on late Monday night. According to details, beer bottles and liquor worth more than 20 million rupees was seized as Coast Guards on a tip-off raided Bar
Published 27 May, 2015 12:00am
Dubai family reunion: Bilawal, Zardari attempting to mend fences?

Dubai family reunion: Bilawal, Zardari attempting to mend fences?

It appears that attempts are being made to bring together PPP Chairman Bilawal Bhutto Zardari and his father and co-chairman Asif Ali Zardari together and mend fences as photos of a family reunion in Dubai surfaced on social media on Tuesday. Rifts betwee
Published 27 May, 2015 12:00am
Zardari killed Benazir, claims Mirza

Zardari killed Benazir, claims Mirza

In a startling allegation, Pakistan Peoples Party's estranged leader Zulfiqar Mirza claimed that former president Asif Ali Zardari killed former prime minister Benazir Bhutto. "Asif Ali Zardari murdered Benazir Bhutto," the former home minister said while
Published 27 May, 2015 12:00am
KP-BoIT working to modernise agriculture sector

KP-BoIT working to modernise agriculture sector

Khyber Pakhtunkhwa Board of Investment and Trade (KP-BoIT) is making concerted efforts towards introduction of modern methods to improve crops yield as well as modernisation of agriculture sector in the province. For this purpose, the board has undertaken
Published 27 May, 2015 12:00am
NBP, Mobilink and Waseela Bank sign deal

NBP, Mobilink and Waseela Bank sign deal

National Bank of Pakistan (NBP), Mobilink and Waseela Microfinance Bank Limited, signed an agreement to create collaboration between Mobicash, the fastest growing mobile financial service and the upcoming digital banking initiatives of NBP.
Published 27 May, 2015 12:00am
Laptop, computers FBR examining proposal to fix Rs 3,000 import duty

Laptop, computers FBR examining proposal to fix Rs 3,000 import duty

The Federal Board of Revenue (FBR) is reviewing a budget proposal of computer industry to fix import duties/taxes at Rs 3,000 on the import of laptop and desktop computers in the budget (2015-16) to generate additional revenue and provide an opportunity t
Published 27 May, 2015 12:00am
Laptop, computers FBR examining proposal to fix Rs 3,000 import duty

Laptop, computers FBR examining proposal to fix Rs 3,000 import duty

The Federal Board of Revenue (FBR) is reviewing a budget proposal of computer industry to fix import duties/taxes at Rs 3,000 on the import of laptop and desktop computers in the budget (2015-16) to generate additional revenue and provide an opportunity t
Published 27 May, 2015 12:00am
AIMS holds free medical camp for diabetic patients

AIMS holds free medical camp for diabetic patients

Abasin Institute of Medical Sciences (AIMS) arranged a free medical camp for creating awareness, adopting of preventive measures and provision of free treatment for diabetic patients here at Diabetic Hospital & Research Centre, Hayatabad. During the camp
Published 27 May, 2015 12:00am
SHC rejects apology of IGP Sindh, other police officials

SHC rejects apology of IGP Sindh, other police officials

While holding provincial and city police chiefs responsible for unlawfully cordoning off the Sindh High Court on the occasion of Dr Zulifqar Mirza's presence in court, SHC's division bench on Tuesday hinted at framing contempt charges against them in the
Published 27 May, 2015 12:00am
IESCO shutdown notice

IESCO shutdown notice

According to IESCO spokesman, due to electricity maintenance/development work power supply of the following grids/feeders would remain suspended as under. On May 27, 9am to 2pm Flour Mill, Fazal Ghee, Industrial-II feeders, on May 28, 9am to 2pm Flour Mil
Published 27 May, 2015 12:00am
Steps being taken to create job, economic opportunities: Khattak

Steps being taken to create job, economic opportunities: Khattak

KP Chief Minister Pervez Khattak has said that creating of employment and economic opportunities is central to PTI government's policy in the province and has to leverage the availability of cheap and abundant energy as game changer to usher new industria
Published 27 May, 2015 12:00am
Lumia 430 dual SIM arrives in market

Lumia 430 dual SIM arrives in market

Microsoft Devices Tuesday announced the local availability of Lumia 430 Dual SIM in the Pakistan for only Rs 7,950. Built with the latest Windows Phone 8.1 software, a Qualcomm (r) Snapdragon (tm) processor featuring dual-core CPU running at 1.2GHz, and w
Published 27 May, 2015 12:00am
Lumia 430 dual SIM arrives in market

Lumia 430 dual SIM arrives in market

Microsoft Devices Tuesday announced the local availability of Lumia 430 Dual SIM in the Pakistan for only Rs 7,950. Built with the latest Windows Phone 8.1 software, a Qualcomm (r) Snapdragon (tm) processor featuring dual-core CPU running at 1.2GHz, and w
Published 27 May, 2015 12:00am
Two-day LDFA-2015 to begin from May 30

Two-day LDFA-2015 to begin from May 30

The 5th edition of Livestock Dairy Fisheries Agriculture Exhibition (LDFA)-2015 will be organised from May 30, 2015 at Expo Centre, Karachi. This was stated by Muhammad Riazuddin Director General, Sindh Board of Investment (SBI) at a press briefing held a
Published 27 May, 2015 12:00am
July-April services exports cross $5 billion mark

July-April services exports cross $5 billion mark

Thanks to Coalition Support Fund (CSF) inflows, the country's services exports crossed $5 billion mark in first 10 months of this fiscal year. "Services trade witnessed improvement during this fiscal year over last year, primarily on the back of higher CS
Published 27 May, 2015 12:00am
Call to formulate 'acceptable' syllabus for minorities

Call to formulate 'acceptable' syllabus for minorities

Academia, lawyers and Hindu minority rights activists have said that they have drafted the suggestions regarding the syllabus for minority, which will be presented to the government soon. They appealed to the intellectuals of the society to analyse the cu
Published 27 May, 2015 12:00am
Nine Zero suspects: ATC orders medical check-up

Nine Zero suspects: ATC orders medical check-up

Anti-terrorism court (ATC) on Tuesday ordered the authorities concerned to have the medical examination of the apprehended suspects Ubaid K2 and Tanvir-ul-Haq, arrested from Muttahida Qaumi Movement's (MQM's) headquarter Nine Zero. According to details, t
Published 27 May, 2015 12:00am
Five 'terrorists' held in Balochistan

Five 'terrorists' held in Balochistan

Law enforcement agencies arrested five people on Tuesday and recovered weapons from their custody. According to details, four terrorists were arrested from Ramzan Kot of Hub who were involved in attack on the son of President Mamnoon Hussain. FC said that
Published 27 May, 2015 12:00am
Helmets made mandatory for bikers, pillion riders

Helmets made mandatory for bikers, pillion riders

The Karachi Traffic Police on Tuesday declared that the Section 89-A of Motor Vehicle Ordinance 1965 requires the use of helmets for both, driver and passenger of motorcycle. The implementation of law regarding use of helmet while riding or travelling on
Published 27 May, 2015 12:00am
Train escapes terror bid

Train escapes terror bid

Peshawar-bound Khushhal Khan Khattak Express escaped a major terrorism bid here on Tuesday. "Two passenger cars of the train were derailed after a radio-controlled improvised explosive device (RCIED) blew apart a length of the tracks leaving a three-foot
Published 27 May, 2015 12:00am
Weaker monsoon forecast for Sindh, Balochistan

Weaker monsoon forecast for Sindh, Balochistan

The Met Office has warned that the weaker monsoon with much less rains in Sindh may aggravate drought conditions in Thar and Cholistan regions. In monsoon outlook, it forecast weaker monsoon and below normal rains during July-September 2015 in its weather
Published 27 May, 2015 12:00am
Beverages: KCCI suggests cut in FED

Beverages: KCCI suggests cut in FED

The Karachi Chamber of Commerce and Industry (KCCI) has suggested that the rate of Federal Excise Duty (FED) for beverage concentrate and beverages should be reduced by 25 percent and 6 percent respectively as beverages are not luxurious items anymore and
Published 27 May, 2015 12:00am
IO Havalian suspended

IO Havalian suspended

The IGP Khyber Pakhtunkhwa, Nasir Khan Durrani has suspended an investigation officer of Havalian on faulty investigation. Three citizens Ashfaq Ahmad, Ishtiaq Ahmad and Waqar Ahmad of Havalian, Abbottabad have submitted an application to IGP wherein they
Published 27 May, 2015 12:00am
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