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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-06-26
Chinese stocks tumble

Chinese stocks tumble

China stocks fell more than 3 percent on Thursday after some investors took advantage of gains in morning trade to reduce risk exposure, a reminder that the market is still fragile following last week's 13 percent plunge. The CSI300 index of the largest l
Published 26 Jun, 2015 12:00am
BSE jumps on Modi's housing push

BSE jumps on Modi's housing push

India's benchmark BSE index marked its highest close in a month on Thursday, as mortgage lenders such as Housing Development Finance Corp rose on hopes the government's push on housing would aid income. The 30-share BSE index gained 0.6 percent, marking i
Published 26 Jun, 2015 12:00am
European stocks cautious as Greece debt drama drags on

European stocks cautious as Greece debt drama drags on

Europe's leading stock markets were stuck on hold Thursday, with traders remaining cautious as talks meant to deliver a breakthrough in the Greek debt crisis yielded only another delay. The CAC 40 in Paris slipped 0.07 percent to end the day at 5,041.71 p
Published 26 Jun, 2015 12:00am
Australian shares turn lower
Currency

Australian shares turn lower

Australian shares ended lower on Thursday, coming off a three-week peak set the previous day as investors turned cautious amid renewed worries about a Greek default. The S&P/ASX 200 index shed 1.0 percent, or 54.1 points, to 5,632.7, recoiling from a thre
Published 26 Jun, 2015 12:00am
Southeast Asian markets: Thai recoup losses; Manila falls

Southeast Asian markets: Thai recoup losses; Manila falls

Thai stocks eked out small gains on Thursday as brokerage portfolios bought index heavyweight shares, while outflows hit select banking and property stocks in the Philippines before the central bank's interest rate decision. The Thai SET index recouped ea
Published 26 Jun, 2015 12:00am
FTSE knocked back by weak mining stocks and Greek worries
Currency

FTSE knocked back by weak mining stocks and Greek worries

Britain's top equity index slipped on Thursday from three-week highs reached in the previous session as weaker mining stocks and persistent concerns over Greece's debt problems weighed on the market. The benchmark FTSE 100 equity index closed down 0.5 per
Published 26 Jun, 2015 12:00am
Yuan eases

Yuan eases

China's yuan eased on Thursday, as corporate dollar demand rose as the end of the half-year approached, traders said. The People's Bank of China (PBOC) weakened the midpoint rate slightly for a third consecutive session, setting it at 6.1148 per dollar pr
Published 26 Jun, 2015 12:00am
Dollar dips against yen in Asia
Currency

Dollar dips against yen in Asia

The dollar dipped versus the yen on Thursday, awaiting US data for fresh cues after giving back gains following an impasse in Greek debt negotiations. The euro was treading water after showing a more limited response. The US currency dipped 0.2 percent to
Published 26 Jun, 2015 12:00am
Swiss franc falls in Europe on SNB warning shot
Currency

Swiss franc falls in Europe on SNB warning shot

The Swiss franc fell to a 10-day low against a broadly flat euro on Thursday, after the head of the Swiss National Bank said it was "considerably over-valued" and that the SNB would continue to intervene in currency markets. As talks between debt-laden Gr
Published 26 Jun, 2015 12:00am
Early trade in New York: Euro holds steady
Currency

Early trade in New York: Euro holds steady

Ongoing Greek debt talks sidelined currency investors on Thursday, demonstrating their unwillingness to take bold positions as deadlines for a deal come and go, leaving the euro unchanged against the greenback. Even upbeat US economic data did little to h
Published 26 Jun, 2015 12:00am
Dollar falls in New York

Dollar falls in New York

The dollar drifted lower on Wednesday after hitting its highest in more than a week in the previous session, while US 10-year Treasury yields dipped as investors' focus slowly shifted from Greece to prospects for higher US interest rates. A lack of progre
Published 26 Jun, 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 Thursday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.25-6.75 percent (Previous 05.25-06.75 percent).
Published 26 Jun, 2015 12:00am
Sri Lankan rupee strengthens
Currency

Sri Lankan rupee strengthens

The Sri Lankan rupee strengthened to a one-month high, as a state-run bank sold dollars at 133.70, 10 cents lesser than previous session's close, while some banks sold dollars on hopes that the currency would rise further, dealers said. Finance Minister R
Published 26 Jun, 2015 12:00am
Greek caution undermines Asia FX
Currency

Greek caution undermines Asia FX

Most emerging Asian currencies eased on Thursday as talks to avoid a Greek debt default dragged on without any agreements and caution mounted ahead of a European Union summit later in the day. South Korea's won eased as the country cut economic growth and
Published 26 Jun, 2015 12:00am
Egyptian pound steady

Egyptian pound steady

Egypt's central bank kept the pound's exchange rate steady at 7.53 to the dollar at a foreign exchange auction on Thursday, with black market rates also stable. The central bank has held the official exchange rate unchanged for four months since letting t
Published 26 Jun, 2015 12:00am
Sterling index hovers near seven-year high
Currency

Sterling index hovers near seven-year high

Sterling hovered near a seven-year high against a trade-weighted basket of currencies on Thursday as investors grew more confident that the Bank of England could start raising interest rates sooner than many had been anticipating. The pound rose 0.2 perce
Published 26 Jun, 2015 12:00am
New Zealand dollar finds some reprieve
Currency

New Zealand dollar finds some reprieve

The New Zealand dollar held its ground on Thursday, appearing to have found a base near a five-year trough after an extended slide of more than 10 percent in two months. The kiwi edged up to $0.6909, pulling away from a low of $0.6815 set earlier this wee
Published 26 Jun, 2015 12:00am
Deulofeu joins Everton

Deulofeu joins Everton

Everton have signed Barcelona's Gerard Deulofeu on a three-year deal for six million euros (£4.3m, $6.7m), the Premier League club announced on Thursday. The 21-year-old right winger, whose deal includes the option of an extra year, had a loan spell at Go
Published 26 Jun, 2015 12:00am
Ramos wants to leave Real Madrid

Ramos wants to leave Real Madrid

Real Madrid defender Sergio Ramos has told the club he wants to leave after falling out with its president Florentino Perez, media reported Thursday, saying Manchester United were interested in buying the player. Spain's major sporting and general dailies
Published 26 Jun, 2015 12:00am
Former teammates pay tribute to hard working Younis

Former teammates pay tribute to hard working Younis

Pakistan's Inzamam-ul-Haq Thursday hailed his former team mate Younis Khan for completing 100 Tests, praising his uncompromising hard work and commitment as key to reaching the milestone. Younis, 37, reached the landmark during the second Test between Pak
Published 26 Jun, 2015 12:00am
Radwanska makes semis

Radwanska makes semis

Former champion Agnieszka Radwanska reached the semi-finals of the Eastbourne International on Thursday with a straightforward 6-2, 6-2 defeat of Bulgarian Tsvetana Pironkova. The 2008 champion from Poland, who went out in the first round on the English s
Published 26 Jun, 2015 12:00am
Wozniacki storms into Eastbourne semi-finals

Wozniacki storms into Eastbourne semi-finals

Caroline Wozniacki defeated Germany's Andrea Petkovic 7-5, 6-1 on Thursday to set up an Eastbourne International semi-final against Swiss teenager Belinda Bencic. Second seed Wozniacki is bidding for a second trophy at Devonshire Park after winning the pr
Published 26 Jun, 2015 12:00am
Thousands sign up for 'leaving party' for Blatter

Thousands sign up for 'leaving party' for Blatter

A celebration of Sepp Blatter's departure as the head of world soccer's governing body has attracted more than 21,000 would-be guests via Facebook. With FIFA mired in a corruption scandal, Blatter, 79, delighted critics this month by announcing he would s
Published 26 Jun, 2015 12:00am
Haq free to resume Scotland career

Haq free to resume Scotland career

Scotland off-spinner Majid Haq has been told he can resume his international career after being sent home early from the World Cup. Haq responded to being left out from the Pool match against Sri Lanka by posting a tweet, which was soon deleted, in which
Published 26 Jun, 2015 12:00am
Froome reveals missed doping test

Froome reveals missed doping test

British cycling star Chris Froome revealed Thursday he had missed a drugs test earlier this year but said it was his own fault. The 30-year-old's missed test came while he was on holiday in Italy with wife Michelle. Staff at the hotel where they were stay
Published 26 Jun, 2015 12:00am
Bayliss plays straight bat on Pietersen selection

Bayliss plays straight bat on Pietersen selection

Incoming England coach Trevor Bayliss refused to be drawn Thursday on whether he wants Kevin Pietersen in his Ashes squad, while saying he was impressed by the team's recent performances against New Zealand. Bayliss, an Australian, was appointed as the ne
Published 26 Jun, 2015 12:00am
Ton-up Marsh stars in Australia tour opener

Ton-up Marsh stars in Australia tour opener

Shaun Marsh marked Australia's opening match of their Ashes tour of England with a century against Kent at Canterbury on Thursday as he staked a claim to retain his Test place. Australia, having been sent into bat by Kent, were 236 for one at tea on the f
Published 26 Jun, 2015 12:00am
Chile down nine-man Uruguay to reach Copa semi

Chile down nine-man Uruguay to reach Copa semi

Chile bundled reigning champions Uruguay out of the Copa America with a 1-0 victory in a fast-paced quarter-final that ended in controversy and kept alive the host nation's dream of a maiden title on Wednesday. Uruguay were reduced to nine men by the end
Published 26 Jun, 2015 12:00am
Kaushal, Prasad skittle Pakistan in second Test

Kaushal, Prasad skittle Pakistan in second Test

Young off-spinner Tharindu Kaushal grabbed five wickets as Sri Lanka bundled out Pakistan for 138 on the opening day of the second Test against Sri Lanka in Colombo on Thursday. Seamer Dhammika Prasad chipped in with three wickets as the tourists collapse
Published 26 Jun, 2015 12:00am
US says Iran nuclear deal deadline may 'slip'

US says Iran nuclear deal deadline may 'slip'

High-stakes talks to nail down a historic deal with Iran to curtail its nuclear programme may "slip" past a June 30 deadline, a top US official admitted Thursday ahead of crunch weekend negotiations in Vienna. "We may not make June 30, but we will be clos
Published 26 Jun, 2015 12:00am
Floods hit Russian Olympic city of Sochi

Floods hit Russian Olympic city of Sochi

Torrential rain on Thursday triggered flooding on the streets of the Russian resort town of Sochi which hosted the 2014 Winter Olympics, forcing evacuations and disrupting travel. Authorities declared a state of emergency in the Black Sea city, deploying
Published 26 Jun, 2015 12:00am
US House hands Obama another win on trade

US House hands Obama another win on trade

The House of Representatives passed a worker aid bill Thursday tethered to President Barack Obama's trade agenda, handing him another victory in his effort to conclude a massive Pacific trade pact. The Trade Adjustment Assistance (TAA) bill made its way t
Published 26 Jun, 2015 12:00am
US top court backs Obamacare, president says it's here to stay

US top court backs Obamacare, president says it's here to stay

The US Supreme Court preserved President Barack Obama's signature healthcare law on Thursday, upholding crucial tax subsidies while turning aside a conservative legal challenge that could have doomed the law. "After more than 50 votes in Congress to repea
Published 26 Jun, 2015 12:00am
Islamic State attacks Syrian army and Kurds in twin assault

Islamic State attacks Syrian army and Kurds in twin assault

Islamic State fighters have launched simultaneous attacks against Syrian government and Kurdish militia forces, moving back onto the offensive after losing ground in recent days to Kurdish-led forces near the capital of their "caliphate". Islamic State so
Published 26 Jun, 2015 12:00am
Panama's ex-dictator Noriega apologises to victims

Panama's ex-dictator Noriega apologises to victims

Jailed Panamanian ex-dictator Manuel Noriega has apologised to victims of his 1983-1989 regime, which a truth commission found abducted and murdered opponents before his ouster in a US invasion. "I apologise to anyone who feels offended, affected, harmed
Published 26 Jun, 2015 12:00am
British court grants Rwandan spy chief bail

British court grants Rwandan spy chief bail

A British court on Thursday granted bail to Rwandan intelligence chief Karenzi Karake after President Paul Kagame slammed his arrest as "absolute arrogance". Karake, who was arrested last week at London Heathrow Airport on a Spanish-issued warrant, appear
Published 26 Jun, 2015 12:00am
Switzerland to extradite Bosnian Muslim war crimes suspect

Switzerland to extradite Bosnian Muslim war crimes suspect

Switzerland on Thursday authorised the extradition of former Bosnian Muslim commander Naser Oric to Bosnia rather than Serbia, which had issued the war crimes warrant for his arrest. Oric, who led Muslim forces in Bosnia's east during its 1992-1995 civil
Published 26 Jun, 2015 12:00am
Serbia puts top media outlet up for sale

Serbia puts top media outlet up for sale

Belgrade public broadcaster Studio B, the Serbian capital's top media outlet and a symbol of resistance to late strongman Slobodan Milosevic's propaganda in 1990s, was put up for sale Thursday. The Balkan country's privatisation agency published a tender
Published 26 Jun, 2015 12:00am
US slams 'brutality' of militants in rights report

US slams 'brutality' of militants in rights report

The United States denounced the "brutality" of Islamic militants Thursday as it unveiled its annual assessment of the state of human rights around the world. "No development has been more disturbing than the rise of groups such as Daesh," Secretary of Sta
Published 26 Jun, 2015 12:00am
CNG stations in Sindh to remain closed today

CNG stations in Sindh to remain closed today

Sui Southern Gas Company (SSGC) announced has that all CNG stations in entire Sindh would remain close on Friday from 8 am for next 24 hours and would open on Saturday. The decision was taken due to sudden short supply of gas in the system, a press releas
Published 26 Jun, 2015 12:00am
SECP restricts long-term directors' loan period

SECP restricts long-term directors' loan period

The Securities and Exchange Commission of Pakistan (SECP) has restricted the period of long-term directors' loans to 12 months. The apex regulator's clarification came in continuation of guidelines dated July 03, 2013, it issued while explaining the treat
Published 26 Jun, 2015 12:00am
CCP begins inquiry against two dominant car manufacturers

CCP begins inquiry against two dominant car manufacturers

The Competition Commission of Pakistan (CCP) has initiated an inquiry under Section 37 of the Competition Act, 2010 into the possible anti-competitive behaviour of the two dominant car manufacturers in the automobile sector, which is, prima facie, respons
Published 26 Jun, 2015 12:00am
Pesco shows concern over CM's statement

Pesco shows concern over CM's statement

The management of Peshawar Electricity Supply Company (Pesco) has shown deep concern over the statement of Chief Minister Khyber Pakhtunkhwa given on the floor of the Provincial Assembly on loadshedding. According to Pesco official this statement discoura
Published 26 Jun, 2015 12:00am
Punjab CNG stations: Gas supply suspended for a week

Punjab CNG stations: Gas supply suspended for a week

The Sui-Northern Gas Pipelines Limited (SNGPL) has suspended gas supply to Compressed Natural Gas Stations (CNG) of Punjab for a week. According to new schedule of SNGPL gas supply to the CNG stations is suspended from Thursday which will be re-opened on
Published 26 Jun, 2015 12:00am
BoK elects new directors

BoK elects new directors

An Extraordinary General Meeting (EOGM) of the shareholders of the Bank of Khyber (BoK) was held here on Thursday to elect new directors. Three directors had retired upon completion of their mandated term. Dr Hammad Uwais Agha, Chairman Board of Directors
Published 26 Jun, 2015 12:00am
Rapid bus service: Centre, ministry accused of creating hurdles

Rapid bus service: Centre, ministry accused of creating hurdles

Khyber Pakhtunkhawa Board of Investment and Trade, vice chairman Senator Mohsin Aziz has castigated the federal government and ministry of railways for creating hurdles in execution of rapid bus service project in Peshawar. Aziz's criticism came after the
Published 26 Jun, 2015 12:00am
Two killed as jeep falls into ravine in AJK

Two killed as jeep falls into ravine in AJK

Two people, including a woman, were killed and five others injured in a road accident Thursday, police said. Two residents of adjoining mountainous area of Charkapoora lost their lives and five others injured as a jeep skidded of the road and fell into a
Published 26 Jun, 2015 12:00am
Two cops killed in Kurram Agency attack

Two cops killed in Kurram Agency attack

Two security personnel were killed and two others injured on Thursday when suspected militants attacked a security check post in Central Kurram Agency. According to security sources, some unidentified militants attacked security check post in Warmagai are
Published 26 Jun, 2015 12:00am
Morgues run out of space in Karachi

Morgues run out of space in Karachi

The worst heat wave to hit Karachi for nearly 35 years has killed more than 1,000 people, a charity said on Thursday, as morgues ran out of space and residents rushed to supply over-stretched public hospitals. Tents offering iced water and rehydration sal
Published 26 Jun, 2015 12:00am
JI expresses concern over deaths in Karachi

JI expresses concern over deaths in Karachi

Chief of Jamaat e Islami, Pakistan, Senator Sirajul Haq has expressed deep grief and concern over the large scale deaths in Karachi due to heat and said this was the result of government's total incompetence and mismanagement. Talking to the JI central of
Published 26 Jun, 2015 12:00am
TPL Trakker collaborates with PTCL

TPL Trakker collaborates with PTCL

TPL Trakker has collaborated with Pakistan Telecommunication Company Limited (PTCL) for their recently launched Pakistan's first 4G LTE tablet 'CharJi EVO Tab' by providing customers Sygic maps and Trakker NAV as a compulsory built in application on the d
Published 26 Jun, 2015 12:00am
Tax collection: SBP announces special arrangements

Tax collection: SBP announces special arrangements

The State Bank of Pakistan (SBP) has announced to make special arrangements for collection of duty and taxes. SBP has informed that the authorised branches of National Bank of Pakistan (NBP) will remain open till 8:00pm on June 29 (Monday) for collection
Published 26 Jun, 2015 12:00am
Fertilizer off-take grows 12 percent in 5MCY15

Fertilizer off-take grows 12 percent in 5MCY15

Urea off-take in the country showed 12 percent cumulative growth to stand at 2.3 million tons during 5MCY15. This, analysts at Taurus Securities believe, was because of stable gas supply and higher imported urea sales. Citing data issued by National Ferti
Published 26 Jun, 2015 12:00am
As city scorches, deaths linked to power and water cuts

As city scorches, deaths linked to power and water cuts

Sabir Majeed, 59, had been fasting for Ramadan amid Karachi's 45-degree Celsius heat wave when he became dehydrated and fainted Monday afternoon. His family rushed to fetch water and buy rehydration salts from a nearby pharmacy. They called for an ambulan
Published 26 Jun, 2015 12:00am
Minister to form experts' body to probe causes of heatwave

Minister to form experts' body to probe causes of heatwave

Federal Minister for Climate Change, Senator Mushahidullah Khan on Thursday announced to form a body of experts shortly, which would investigate causes of blistering heat wave in the country, so that fallouts of heat waves in future could be mitigated.
Published 26 Jun, 2015 12:00am
IESCO notice

IESCO notice

According to IESCO spokesman, due to electricity maintenance/development work power supply of the following grids/feeders would remain suspended as under:- On June 26 and 29, and on July 02 and 03, from 07:00am to 11:00am Nilore Grid Station Karor, Pinste
Published 26 Jun, 2015 12:00am
Suspected murderer of MQM worker arrested

Suspected murderer of MQM worker arrested

Rangers have arrested the suspected murderer of Muttahida Qaumi Movement (MQM) worker Waqas Shah who was killed during Rangers raid at MQM headquarters Nine-Zero. According to details, the Rangers have cracked the mysterious case of Waqas Shah's murder. A
Published 26 Jun, 2015 12:00am
DLTL Order 2015: Claims can be submitted till July 31

DLTL Order 2015: Claims can be submitted till July 31

The federal government announced to extend date for submission of claims of Drawback of Local Taxes and Levies Order 2015 Budget Incentive for Export of Value Added Sector (excluding textiles). According to Ministry of Commerce's Notification No 1(26)/201
Published 26 Jun, 2015 12:00am
FBR launches new registration module in IRIS

FBR launches new registration module in IRIS

Federal Board of Revenue (FBR) has launched new registration module in IRIS to allow enrolments in income tax and sales tax. The formal launch was made by member of information technology (IT) & secretary (IT) FBR Ms Raana Ahmed at a seminar, that was joi
Published 26 Jun, 2015 12:00am
Absconders & wanted criminals IGP wants computerised record

Absconders & wanted criminals IGP wants computerised record

the Inspector General of Police (IGP), Sindh, Ghulam Haider Jamali, has called for preparing computerised record of absconders and wanted criminals on the basis of national identity card numbers. He issued directives to this effect at a meeting held at th
Published 26 Jun, 2015 12:00am
Reduction in gas pressure affecting PSM production: spokesman

Reduction in gas pressure affecting PSM production: spokesman

Pakistan Steel Mills (PSM) spokesman Shazim Akhter has said the reduction in the gas pressure is not only affecting the production capacity of PSM but it is also adversely affecting the complex machinery of the plant. In a statement issued on Thursday, Sh
Published 26 Jun, 2015 12:00am
Call for compensation to heirs of IDPs killed during protest

Call for compensation to heirs of IDPs killed during protest

Former MNA from North Waziristan Agency Muhammad Kamran Khan condemned the killing of IDPs by security personnel at Bakka Khel camp and demanded compensation for the affected families. Addressing press conference in Peshawar Press Club, he said that peopl
Published 26 Jun, 2015 12:00am
Expatriate Pakistanis meet Mamnoon in Saudi Arabia

Expatriate Pakistanis meet Mamnoon in Saudi Arabia

A delegation of Pakistanis residing in Saudi Arabia met President Mamnoon Hussain here and discussed various matters including educational facilities and investment opportunities for them in Saudi Arabia. The Pakistanis from Makkah tul Mukarramah, Taif an
Published 26 Jun, 2015 12:00am
Indigent, dispossessed persons: KP passes bill to set up foundation

Indigent, dispossessed persons: KP passes bill to set up foundation

The Khyber Pakhtunkhwa government has passed a bill from the provincial assembly to establish foundation for the welfare of the indigent and dispossessed persons, including widows and persons with disabilities in the province, through financial assistance
Published 26 Jun, 2015 12:00am
KP government urged to pass Minority Property Protection Bill

KP government urged to pass Minority Property Protection Bill

Representatives of non-Muslims and Civil Society Organisations have demanded of the provincial government to pass the proposed Minority Property Protection Bill without any further delay. They said the bill was aimed at retrieving the properties of minori
Published 26 Jun, 2015 12:00am
Five Thai students detained in Pakistan return home

Five Thai students detained in Pakistan return home

Five Thai students detained in Pakistan for trying to board a plane with a pistol and ammunition have been freed and returned to Bangkok on Thursday, said Thailand's Foreign Ministry. The men, who were studying at a religious school in Pakistan, were tryi
Published 26 Jun, 2015 12:00am
We've taken note of BBC report: FO

We've taken note of BBC report: FO

Describing 'Indian interference' in Pakistan's internal affairs against the principle of UN Charter, the Foreign Office said Thursday that the government has taken note of the BBC report and concerned authorities are looking into the claims that India pro
Published 26 Jun, 2015 12:00am
We've taken note of BBC report: FO

We've taken note of BBC report: FO

Describing 'Indian interference' in Pakistan's internal affairs against the principle of UN Charter, the Foreign Office said Thursday that the government has taken note of the BBC report and concerned authorities are looking into the claims that India pro
Published 26 Jun, 2015 12:00am
Government pledges $1 million contribution for Nepal

Government pledges $1 million contribution for Nepal

The Government of Pakistan has pledged one million dollar as a contribution for utilisation towards reconstruction and rehabilitation process currently going on in Nepal after the devastating earthquakes that hit the country earlier this year. The announc
Published 26 Jun, 2015 12:00am
Pakistan willing to facilitate Afghan government-Taliban talks: Aziz

Pakistan willing to facilitate Afghan government-Taliban talks: Aziz

Adviser to PM on Foreign Affairs and National Security Sartaj Aziz on Thursday said the government is ready to facilitate dialogue between Afghan government and Taliban. He said this during a briefing to Senate Standing Committee on Foreign Affairs on the
Published 26 Jun, 2015 12:00am
Tiger Biscuits team visits underprivileged schools

Tiger Biscuits team visits underprivileged schools

Tiger Biscuits, in a bid to promote the importance of health and education amongst children initiated an activity whereby their team visited underprivileged schools and briefed the children about the significance of a healthy diet. The children were also
Published 26 Jun, 2015 12:00am
12 killed in truck-bus collision

12 killed in truck-bus collision

As many as twelve persons were killed and eight seriously injured when a passenger van collided with a truck near here on Thursday. According to FC sources, a loaded truck collided head on with a passenger wagon in Khad Koocha locality of Mastung area of
Published 26 Jun, 2015 12:00am
Two accused held; 215 cell phones seized at JIAP

Two accused held; 215 cell phones seized at JIAP

Model Collectorate of Customs (MCC)-Preventive claimed to have arrested two persons and recovered 215 cell phones worth Rs 2 million at Jinnah International Airport (JIAP). According to official sources, the preventive staff intercepted a passenger at the
Published 26 Jun, 2015 12:00am
Wind power projects: Upfront tariff of Rs 10.6048/kWh announced

Wind power projects: Upfront tariff of Rs 10.6048/kWh announced

National Electric Power Regulatory Authority (Nepra) on Thursday announced new levelized upfront tariff of Rs 10.6048/kWh for wind power projects which envisages substantial decrease from the previous tariff of Rs 13.1998/kWh. This would reduce the cost o
Published 26 Jun, 2015 12:00am
Karachi deaths: Imran holds Sindh, federal governments responsible

Karachi deaths: Imran holds Sindh, federal governments responsible

Imran Khan, Chairman of Pakistan Tehreek-e-Insaf (PTI), lashed out at federal and provincial Sindh governments over more than 1000 deaths in Karachi due to heat wave and prolonged power failures. Addressing a press conference here on Thursday, Khan said,
Published 26 Jun, 2015 12:00am
Postings in small cadre: FBR to remove serious anomaly

Postings in small cadre: FBR to remove serious anomaly

The Federal Board of Revenue (FBR) has decided to remove a serious anomaly in the functioning/postings of officers in small cadre (Sales Tax), as Deputy Collector/Deputy Commissioner are not a defined authority under the Income Tax Ordinance 2001, Sales T
Published 26 Jun, 2015 12:00am
SBOA for allotment of space for bus stand in Hyderabad

SBOA for allotment of space for bus stand in Hyderabad

Sindh Bus Owners Association (SBOA) Hyderabad has demanded of the district administration for allotting space for Bus Stand at Hyderabad. President SBOA Meer Afzal made the demand during a press conference at Hyderabad Press Club (HPC), here on Thursday.
Published 26 Jun, 2015 12:00am
Searing heat affects business activities

Searing heat affects business activities

Pace of business activities in the city has not yet geared up as most of people prefer to stay indoors in the persisting searing heat that had already claimed hundreds of lives. Moreover, frequent power outages and prolonged loadshedding are also wrecking
Published 26 Jun, 2015 12:00am
Sindh Assembly passes Finance Bill 2015

Sindh Assembly passes Finance Bill 2015

The Sindh Assembly on Thursday passed Sindh Finance Bill 2015 amid protest and criticism by opposition parties for scaling up taxation and increase in tax rate. MQM's Syed Sardar Ahmed urged the government to retain the tax rate and avoid its hike, saying
Published 26 Jun, 2015 12:00am
Sindh Assembly passes Finance Bill 2015

Sindh Assembly passes Finance Bill 2015

The Sindh Assembly on Thursday passed Sindh Finance Bill 2015 amid protest and criticism by opposition parties for scaling up taxation and increase in tax rate. MQM's Syed Sardar Ahmed urged the government to retain the tax rate and avoid its hike, saying
Published 26 Jun, 2015 12:00am
Power outages: Wattoo may lead protest rally today

Power outages: Wattoo may lead protest rally today

President Pakistan Peoples Party Punjab Manzoor Wattoo is expected to spearhead a protest rally against frequent power outages on Friday (today), announcing that his party in the Punjab will organise similar protests all across the Punjab at the level of
Published 26 Jun, 2015 12:00am
12 Afghan students get scholarships under PM's scheme

12 Afghan students get scholarships under PM's scheme

As many as 12 Afghan national students of the University of Agriculture Faisalabad (UAF) got scholarships under the Prime Minister Scheme of Scholarship for the academic year 2014-15. University of Agriculture Faisalabad Vice Chancellor Professor Dr Iqrar
Published 26 Jun, 2015 12:00am
NBP-Aitemaad targets 100 branches by year-end

NBP-Aitemaad targets 100 branches by year-end

The National Bank of Pakistan-Aitemaad has grown its size and expanded branch network to around 50 Islamic banking branches with a target of reaching 100 by this year's end, claims a bank spokesman. "The growth has been attributed from opening new branche
Published 26 Jun, 2015 12:00am
Steps taken to provide quality items: chief minister

Steps taken to provide quality items: chief minister

Punjab Chief Minister Shahbaz Sharif has said that effective measures have been taken for the provision of quality essential items to the people at cheaper rates in Ramazan bazaars as well as open market and bazaars during Ramazan-ul-Mubarak and Ramazan P
Published 26 Jun, 2015 12:00am
APBF urges government to construct big dams immediately

APBF urges government to construct big dams immediately

The All Pakistan Business Forum (APBF) has voiced concern over hundreds of deaths in Karachi in the last five days following a deadly heatwave being added with long power outages and water shortages and urged government to construct big dams immediately.
Published 26 Jun, 2015 12:00am
DG LDA promoted

DG LDA promoted

Director General, Lahore Development Authority (LDA) Ahad Khan Cheema has promoted 15 Assistant Directors to the post of Deputy Director. Muhammad Saleem, Assistant Director Accounts, working in the Directorate of Revenue, LDA, has been promoted to the ra
Published 26 Jun, 2015 12:00am
BoP assets touch Rs 425 billion on March 31

BoP assets touch Rs 425 billion on March 31

Assets of the Bank of Punjab touched Rs 425 billion on March 31 as the bank has branched out to 182 cities with 364 branches, claimed a bank spokesman on Thursday. He claimed that the number of Islamic banking branches had reached 37. "The bank deposits w
Published 26 Jun, 2015 12:00am
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