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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-07-09
Indian shares tumble

Indian shares tumble

Indian stock indexes fell nearly 2 percent on Wednesday, marking their steepest decline in nearly a month, mirroring steep falls in their Asian peers as China's stock market meltdown spooked investors. The BSE index ended 1.72 percent lower, while the NSE
Published 09 Jul, 2015 12:00am
FTSE boosted by Barclays, but budget hits builders
Currency

FTSE boosted by Barclays, but budget hits builders

A rally in Barclays after a management shake-up helped Britain's top share index gain on Wednesday, but housebuilders took a hit from reforms introduced by finance minister George Osborne. The FTSE 100 closed 0.9 percent up at 6,490.70 after posting its l
Published 09 Jul, 2015 12:00am
Hong Kong shares dive

Hong Kong shares dive

Hong Kong stocks suffered their biggest one-day drop since October 2008 on Wednesday, dragged down by another tumble on mainland exchanges, as well as bearish overseas markets amid fresh doubts that Greece can reach a bailout deal with Europe. The Hang Se
Published 09 Jul, 2015 12:00am
China stock market freezing up as sell-off gathers pace

China stock market freezing up as sell-off gathers pace

China's tumbling stock market showed signs of seizing up on Wednesday, as companies scrambled to escape the rout by having their shares suspended and indexes plunged after the securities regulator warned of "panic sentiment" gripping investors. Beijing, w
Published 09 Jul, 2015 12:00am
Offshore yuan touches 4-month low
Currency

Offshore yuan touches 4-month low

The Chinese yuan briefly fell to four-month low in the offshore market on Wednesday as a deepening stock market rout prompted investors to cut their long positions in the Chinese currency, though a broadly stable onshore market helped it recover ground. C
Published 09 Jul, 2015 12:00am
Dollar and yen up in Asia
Currency

Dollar and yen up in Asia

The dollar and yen gained on Wednesday with investors seeking the perceived safety of these currencies as Asian equities, notably volatile Chinese shares, fell across the board and hurt risk appetite. The euro slipped 0.3 percent to $1.0975, crawling back
Published 09 Jul, 2015 12:00am
Yen hits six-week high, euro stabilises in Europe
Currency

Yen hits six-week high, euro stabilises in Europe

The yen climbed to a six-week high against the dollar on Wednesday as investors already shaken by Greece's debt crisis were further rattled by plunging Chinese stocks, pushing them to seek out traditional safe havens. The euro stabilised at around $1.10,
Published 09 Jul, 2015 12:00am
Euro sinks against dollar in New York: Commodity currencies sell off

Euro sinks against dollar in New York: Commodity currencies sell off

The euro dropped to a five-week low against a buoyant US dollar on Tuesday, after the European Central Bank tightened lending conditions for Greek banks, raising concerns the lenders could run out of cash. The ECB left emergency liquidity aid for Greek ba
Published 09 Jul, 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 Wednesday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.25-6.50 percent (Previous 05.25-06.50 percent).
Published 09 Jul, 2015 12:00am
China stock rout hits EM Asian FX
Currency

China stock rout hits EM Asian FX

Most emerging Asian currencies lost ground on Wednesday as a rout in China's equity markets and Greece's festering debt crisis hurt investors' appetite for riskier assets. Traders said Malaysia's central bank was spotted intervening in forex markets for t
Published 09 Jul, 2015 12:00am
Sri Lanka spot rupee steady
Currency

Sri Lanka spot rupee steady

The Sri Lankan rupee ended steady for a fourth straight session on Wednesday as a state-run bank sold dollars at 133.60, dealers said. Three-month and six-month rupee forwards also ended steady at 135.30/40 per dollar and 136.85/95 respectively as inward
Published 09 Jul, 2015 12:00am
Sterling drops against dollar, euro
Currency

Sterling drops against dollar, euro

Sterling fell 1 percent against the euro and nearly 0.7 percent against the dollar on Wednesday, after Britain's finance minister announced spending cuts in a budget speech that also lowered growth forecasts. Growth for 2015 was forecast to be 2.4 percent
Published 09 Jul, 2015 12:00am
Aussie hits new six-year low

Aussie hits new six-year low

The Australian dollar skidded to a new six-year low on Wednesday as falling iron ore prices and a further drop in Chinese stocks spooked a market already shaken by Greece's debt crisis. The Aussie, often used as a liquid proxy for China plays, slumped as
Published 09 Jul, 2015 12:00am
Cypriot arrested for abusing Nepali housemaid

Cypriot arrested for abusing Nepali housemaid

A 59-year-old Cypriot man was arrested Wednesday after allegedly indecently assaulting his housemaid from Nepal and then attacking her with a corrosive substance, police said. He is expected to appear before a Paphos district court, on the island's south-
Published 09 Jul, 2015 12:00am
A century on, Germany speaks of 'genocide' in Namibia

A century on, Germany speaks of 'genocide' in Namibia

The speaker of the German parliament on Wednesday said the slaughter of indigenous Namibians a century ago constituted a "genocide" that stemmed from a "race war". Norbert Lammert, writing in a guest column for news weekly Die Zeit, said the Herero and Na
Published 09 Jul, 2015 12:00am
Malaysian investigators seize documents from 1MDB offices
Currency

Malaysian investigators seize documents from 1MDB offices

A government task force investigating a Malaysian state-owned investment fund seized documents from its offices Wednesday after a probe allegedly found hundreds of millions of dollars in the prime minister's personal bank accounts. "We can confirm that a
Published 09 Jul, 2015 12:00am
22 dead in Arab-Berber unrest in Algeria

22 dead in Arab-Berber unrest in Algeria

At least 22 people have died in clashes between Berber and Arab communities in southern Algeria on the edge of the Sahara desert, the national news agency APS reported Wednesday. It was the bloodiest toll in two years of frequent clashes between the commu
Published 09 Jul, 2015 12:00am
US, Turkey discuss stepping up anti-IS fight

US, Turkey discuss stepping up anti-IS fight

A senior US delegation ended two days of talks Wednesday with Turkish officials on escalating the fight against Islamic State (IS) jihadists in Syria, sources said. The delegation, including US presidential envoy John Allen and Under Secretary of Defence
Published 09 Jul, 2015 12:00am
'IS hackers' take down Syria war monitor site

'IS hackers' take down Syria war monitor site

Hackers claiming to be affiliated with the Islamic State group took down the website of the Syrian Observatory for Human Rights monitor on Wednesday and threatened its director. The group calling itself the Cyber Army of the Khilafah (Caliphate) replaced
Published 09 Jul, 2015 12:00am
Computer glitch grounds United flights

Computer glitch grounds United flights

A computer glitch grounded United Continental flights at US airports on Wednesday, the Federal Aviation Administration said. All flights were prevented from taking off due to "automation issues," the FAA said. United Airlines confirmed on its Twitter acco
Published 09 Jul, 2015 12:00am
OSCE MPs condemn Russian 'assault' on Ukraine

OSCE MPs condemn Russian 'assault' on Ukraine

The OSCE's parliamentary assembly on Wednesday passed a resolution condemning Russia's actions in Ukraine, further isolating Moscow in an organisation created to facilitate dialogue between eastern and western Europe. "The OSCE Parliamentary Assembly cond
Published 09 Jul, 2015 12:00am
Argentine in 'death with dignity case' dies

Argentine in 'death with dignity case' dies

An Argentine man who has been in a vegetative state for over 20 years has died after life support systems were disconnected, hours after the Supreme Court gave the go-ahead. Word of the death of Marcelo Diez came Wednesday from his sister Andrea. She and
Published 09 Jul, 2015 12:00am
Russia vetoes UN draft resolution on Srebrenica 'genocide'

Russia vetoes UN draft resolution on Srebrenica 'genocide'

Russia on Wednesday vetoed a draft UN resolution recognising the Srebrenica massacre as genocide, branding the measure "confrontational" and a setback to reconciliation in the Balkans. Britain had put forward the text, hoping the Security Council would fo
Published 09 Jul, 2015 12:00am
Russian senators propose first batch of 'undesirable' NGOs

Russian senators propose first batch of 'undesirable' NGOs

Lawmakers in Russia's pro-Kremlin upper chamber called on authorities Wednesday to blacklist 12 foreign NGOs as "undesirable," the first official proposal under a new law critics say is part of a clampdown on civil society. An aide to senator Andrei Klish
Published 09 Jul, 2015 12:00am
Thousands march to remember Srebrenica victims

Thousands march to remember Srebrenica victims

Survivors of the Srebrenica massacre set out with thousands of others Wednesday on a solemn 105-kilometre march ahead of the 20th anniversary of the killing of nearly 8,000 Muslims near the UN-protected enclave. Their route across Bosnia retraces the one
Published 09 Jul, 2015 12:00am
Rescue workers retrieve man's body

Rescue workers retrieve man's body

The rescue workers on Wednesday retrieved the body of a man who went missing on Tuesday during heavy rainfall in the garrison city. Rescue 1122 spokesman said that the body of Atta Muhammad, 60, recovered from Neela Dulha, Chakwal and death toll has reach
Published 09 Jul, 2015 12:00am
150 mega corruption scandals: PTI Senator seeks briefing on NAB report

150 mega corruption scandals: PTI Senator seeks briefing on NAB report

Pakistan Tehreek-e-Insaf on Wednesday sought briefing on the recent report of National Accountability Bureau (NAB) submitted to the Supreme Court about 150 mega corruption scandals. Senator Azam Khan Swati of PTI on a point of public concern sought briefi
Published 09 Jul, 2015 12:00am
KSE holidays

KSE holidays

The Karachi Stock Exchange (KSE) would remain closed from Friday to Tuesday (July 17 - 21) on account of Juma-tul-Wida and Eid-ul-Fitr holidays. The Exchange shall resume with pre-Ramazan KATS and office timings from Wednesday, July 22.
Published 09 Jul, 2015 12:00am
China supports Pakistan on its accession to SCO

China supports Pakistan on its accession to SCO

The upcoming summit of leaders of the Shanghai Co-operation Organisation (SCO) will make a political decision on India's and Pakistan's accession to the SCO, Vice Chinese Foreign Minister Cheng Guoping said. Cheng made the remarks at a news briefing on Pr
Published 09 Jul, 2015 12:00am
FTO sends case of forged taxpayers' signatures to FIA

FTO sends case of forged taxpayers' signatures to FIA

Federal Tax Ombudsman (FTO) has forwarded a case of forgery of taxpayer' signatures on the stamp paper application for National Tax Number (NTN) to the Federal Investigation Agency (FIA) for criminal investigation into the matter and ordered FBR to conduc
Published 09 Jul, 2015 12:00am
Dewan Sugar Mills Limited

Dewan Sugar Mills Limited

A division of the prolific Yousuf Dewan Companies conglomerate, Dewan Sugar Mills Limited (KSE:DWSM) was first set up in 1987. It started off with a sugarcane crushing capacity of 3,500 metric tons per day, which was later expanded to 9,000 metric tons/da
Published 09 Jul, 2015 12:00am
Dewan Sugar Mills Limited

Dewan Sugar Mills Limited

A division of the prolific Yousuf Dewan Companies conglomerate, Dewan Sugar Mills Limited (KSE:DWSM) was first set up in 1987. It started off with a sugarcane crushing capacity of 3,500 metric tons per day, which was later expanded to 9,000 metric tons/da
Published 09 Jul, 2015 12:00am
NBP revamps services to increase remittance flow
Currency

NBP revamps services to increase remittance flow

NBP's pivotal role in accelerating home remittances, business global home remittance is playing a significant role in contributing to the economic growth, livelihood and prosperity of Pakistanis all around the world.
Published 09 Jul, 2015 12:00am
'ECO Green Industry Award' conferred on Gulzar Frioz

'ECO Green Industry Award' conferred on Gulzar Frioz

For outstanding contribution in the area of environment in Pakistan, Gulzar Frioz, Chairman Standing Committee on Environment of Federation of Pakistan Chambers of Commerce and Industry ((FPCCI) has been awarded with "ECO Green Industry Award". The award
Published 09 Jul, 2015 12:00am
Altaf wants referendum on Rangers' operation

Altaf wants referendum on Rangers' operation

Muttahida Qaumi Movement (MQM) chief Altaf Hussain has said that the statement of Lieutenant General Abdul Qadir Baloch (Retd) that a majority of people of Karachi are in favour of the Rangers Operation in Karachi is against the facts and baseless. Addres
Published 09 Jul, 2015 12:00am
Nawaz meets Malala

Nawaz meets Malala

Prime Minister Nawaz Sharif and Nobel Peace Prize laureate Malala Yousafzai held their first official meeting on Wednesday after both attended a UN education summit in Oslo. The 17-year-old activist, who was shot and nearly killed by the Taliban in Pakist
Published 09 Jul, 2015 12:00am
Emaar Pakistan marks ground-breaking of La Paraiso

Emaar Pakistan marks ground-breaking of La Paraiso

Emaar Pakistan, the country subsidiary of global developer Emaar Properties PJSC, marked the ground-breaking of La Paraiso at Canyon Views Islamabad at the DHA Phase-II Extension, Islamabad. La Paraiso is planned to be a mesmerising architectural landmark
Published 09 Jul, 2015 12:00am
JGI, Standard Chartered Bank Pakistan sign agreement

JGI, Standard Chartered Bank Pakistan sign agreement

Jubilee General Insurance (JGI) signed an agreement with Standard Chartered Bank Pakistan Limited (SCBPL) to provide general insurance products to SCBPL clients across Pakistan. The signing ceremony marked the beginning of this new alliance. The first pro
Published 09 Jul, 2015 12:00am
Rangers' policing powers: PTI submits resolution in Sindh Assembly

Rangers' policing powers: PTI submits resolution in Sindh Assembly

Pakistan Tehreek-e-Insaf (PTI) on Wednesday submitted a resolution in the Sindh Assembly demanding extension of Pakistan Rangers' special policing powers. PTI MPAs Khurram Sher Zaman and Dr Seema Zia, submitted a resolution in the assembly as the Sindh go
Published 09 Jul, 2015 12:00am
Alamgir Trust hosts Iftar-dinner

Alamgir Trust hosts Iftar-dinner

Alamgir Welfare Trust hosted an Iftar-dinner in honour of the residents of the city, businessmen, media representatives, Administration of Sindh government and donors. Swiss Consul General Emill Wyss, Indonesian Consul General Hadi Santoso, Consul General
Published 09 Jul, 2015 12:00am
Conservation of snow leopard: Pakistan ready to work with Nepal

Conservation of snow leopard: Pakistan ready to work with Nepal

Pakistan is ready to work with Nepal for protection and conservation of snow leopard and its habitat in the region and elsewhere in the world. This was said by Federal Minister for Climate Change, Senator Mushahidullah Khan in response to the congratulati
Published 09 Jul, 2015 12:00am
NA body discusses Lyari MNA-former IG Sindh issue

NA body discusses Lyari MNA-former IG Sindh issue

A meeting of National Assembly Standing Committee on Rules of Procedure and Privileges met on Wednesday in Committee Room No 2, first floor, Parliament House, Islamabad, under the Chairmanship of Chaudhry Asad-ur-Rehman, MNA to discuss the following agend
Published 09 Jul, 2015 12:00am
Heatwave, dehydration: PepsiCo Pakistan launches relief programme

Heatwave, dehydration: PepsiCo Pakistan launches relief programme

PepsiCo Pakistan has launched a heatwave and dehydration relief programme in Karachi, to provide support against the heatwave that has caused over 1,300 deaths due to heat-stroke and dehydration as temperature continues to soar beyond 45°C. According to a
Published 09 Jul, 2015 12:00am
Two hurt in Peshawar blast

Two hurt in Peshawar blast

At least two people, including a child, were injured on Wednesday in an Improvised Explosive Device (IED) blast on Ring Road Achini Bala area here. Eyewitnesses said the explosion occurred when a security forces' convoy passed near the area. A truck was a
Published 09 Jul, 2015 12:00am
Cinema house in Safa Gold Mall: IHC withholds order of city managers

Cinema house in Safa Gold Mall: IHC withholds order of city managers

The Islamabad High Court (IHC) on Wednesday upheld an order passed by the city managers against the construction of cinema house in Safa Gold Mall at Jinnah Super Market of Sector F-7. A single member bench comprising Justice Aamir Farooq ruled that the C
Published 09 Jul, 2015 12:00am
Akbar Bugti murder case: State's witness records statement

Akbar Bugti murder case: State's witness records statement

An anti-terrorism court (ATC) on Wednesday recorded the statement of state's witness in Akbar Bugti murder case. Justice Aftab Ahmed was hearing the case in the courtroom number 1 at ATC which was attended by former federal minister Aftab Ahmed Sherpao, P
Published 09 Jul, 2015 12:00am
KP witnesses significant fall in terrorism cases: CTD chief

KP witnesses significant fall in terrorism cases: CTD chief

"Khyber Pakhtunkhwa has witnessed a significant decrease in the incidents of terrorism and casualties during last six months of the current year as compared to the corresponding period of last four years." The Chief of Counter Terrorism Department (CTD),
Published 09 Jul, 2015 12:00am
HRCP expresses alarm over sectarian, ethnic violence in Balochistan

HRCP expresses alarm over sectarian, ethnic violence in Balochistan

The Human Rights Commission of Pakistan (HRCP) has expressed grave concern over the recent targeted sectarian and ethnic violence in Balochistan. It has called for punishing the perpetrators and for addressing the root causes that allow such violence to p
Published 09 Jul, 2015 12:00am
Zardari condoles death of Gilani's sister

Zardari condoles death of Gilani's sister

Co-Chairman Pakistan People's Party former President Asif Ali Zardari condoled with senior PPP leader former Prime Minister Syed Yousuf Raza Gilani over his sister death who passed away on Wednesday. Zardari in a condolence message to Syed Yousuf Raza Gil
Published 09 Jul, 2015 12:00am
'Abduction' case: Defense Secretary appears before IHC

'Abduction' case: Defense Secretary appears before IHC

Defense Secretary on Wednesday appeared before Islamabad High Court (IHC) in a case of a lawyer's 'abduction'. A single member bench comprising Justice Shaukat Aziz Siddiqui resumed the hearing of the case filed by Mumtaz Anwar Abbasi against the abductio
Published 09 Jul, 2015 12:00am
12 Axact employees granted bail

12 Axact employees granted bail

A local court on Wednesday released 12 employees of the Axact Company on bail in a fake degree case. Additional District and Sessions judge Shah Rukh Arjumand granted bail to the Axact employees against a surety bond of Rs 100,000 each. Earlier, the court
Published 09 Jul, 2015 12:00am
DTRE scheme: Quota for ghee, vegetable oil enhanced
Vegetable Oil

DTRE scheme: Quota for ghee, vegetable oil enhanced

The Federal Board of Revenue (FBR) has considerably enhanced the quota for ghee and vegetable oil under Duty and Tax Remission for Export (DTRE) scheme for export to Afghanistan and Central Asia from 1000 tons per 90 days to 1000 tons per month. In this r
Published 09 Jul, 2015 12:00am
Hot weather: Apwa for creating awareness among people

Hot weather: Apwa for creating awareness among people

In connection with the recent heat wave disaster APWA emphasises to create awareness on coping with the severe hot weather. APWA stressed the prominence on lack of green spaces and shortage of water has created this adverse and alarming situation which ha
Published 09 Jul, 2015 12:00am
Rs 103 billion mopped up in MTB auction

Rs 103 billion mopped up in MTB auction

The federal government Wednesday borrowed Rs 103 billion from schedule banks through the auction for Market Treasury Bills (MTBs). The State Bank of Pakistan (SBP), on July 8, 2015, conducted the auction for the sale of 3-month, 6-month & 12-month MTBs an
Published 09 Jul, 2015 12:00am
Rs 103 billion mopped up in MTB auction

Rs 103 billion mopped up in MTB auction

The federal government Wednesday borrowed Rs 103 billion from schedule banks through the auction for Market Treasury Bills (MTBs). The State Bank of Pakistan (SBP), on July 8, 2015, conducted the auction for the sale of 3-month, 6-month & 12-month MTBs an
Published 09 Jul, 2015 12:00am
SME's NPLs dip by Rs 5 billion in 1QCY15

SME's NPLs dip by Rs 5 billion in 1QCY15

Small and Medium Enterprises (SME) sector's Non-Performing Loans (NPLs) declined significantly by almost 6 percent or Rs 5 billion during the first quarter of this calendar year (CY15). According to State Bank of Pakistan (SBP), the possible reasons for t
Published 09 Jul, 2015 12:00am
More rains forecast in next 24 hours

More rains forecast in next 24 hours

The Met Office on Wednesday forecast more rains with thundershower for the country in the next 24 hours. Rains are expected at scattered places in Malakand, Hazara, Zhob, Kohat, Islamabad/Rawalpindi, Lahore, Gujranwala, Multan, D.G.Khan, D.I.Khan and Baha
Published 09 Jul, 2015 12:00am
1,000 laptops distributed among SU students

1,000 laptops distributed among SU students

As many as one thousand laptops were distributed among the students of bachelor & masters' degree programs of the University of Sindh under the Prime Minister's Laptops Scheme at a ceremony in the institute of business administration here on Wednesday. Am
Published 09 Jul, 2015 12:00am
SECP registers 5,001 companies during fiscal year 2014-15

SECP registers 5,001 companies during fiscal year 2014-15

The Securities and Exchange Commission of Pakistan (SECP), during the fiscal year 2014-15, registered 5,001 new companies. As compared with corresponding period of last fiscal year (2013-14), a growth of 9 percent has been witnessed. This has raised the t
Published 09 Jul, 2015 12:00am
BISP wraps up health insurance pilot project

BISP wraps up health insurance pilot project

Benazir Income Support Programme (BISP) has wrapped up a health insurance pilot project, initiated in Faisalabad in 2012, owing to 'flaws in the design and audit observations.' A senior official told Business Recorder on Wednesday that BISP was ini
Published 09 Jul, 2015 12:00am
Key suspects involved in targeted killings held

Key suspects involved in targeted killings held

Inspector General Police Balochistan, Amlish Khan have claimed to arrest all suspects including a commander of the banned outfit who were involved in sectarian and target killings of police personnel, settlers and Hazara community of Quetta. Talking to th
Published 09 Jul, 2015 12:00am
SSGC denies PSM allegations

SSGC denies PSM allegations

Sui Southern Gas Company (SSGC) has denied Pakistan Steel Mills' (PSM) allegations and clarified that as on July 8, PSM has an outstanding balance of over Rs 34 billion with SSGC which is growing every month due to continuous default by the mill. PSM has
Published 09 Jul, 2015 12:00am
KE explains reasons behind power breakdown

KE explains reasons behind power breakdown

The K-Electric's management on Wednesday issued a detailed statement explaining the power outages that occurred in Karachi and parts of Sindh and Balochistan the other day. According to KE's statement, the first breakdown in Karachi occurred at around 9pm
Published 09 Jul, 2015 12:00am
Shahbaz condoles death of Gilani's sister

Shahbaz condoles death of Gilani's sister

Punjab Chief Minister Shahbaz Sharif has expressed deep sense of sorrow and grief over the death of sister of Yousaf Raza Gilani, former Prime Minister and mother of Irfan Iqbal Sheikh, prominent trader and Chairman PIAF. In his separate condolence messag
Published 09 Jul, 2015 12:00am
Shopkeepers fined for Overcharging

Shopkeepers fined for Overcharging

City District Government Lahore on Wednesday (CDGL) during its drive against overcharging and hoarding in Ramazan, chalaned 102 shopkeepers besides imposing fine worth Rs 133,200 on violators of the Price Act. CDGL special price control magistrates raided
Published 09 Jul, 2015 12:00am
Three foreign airlines give flight schedules

Three foreign airlines give flight schedules

Three foreign airline companies have given schedule to start international flights while another six companies are negotiating to start their operation from Multan International AirPort, disclosed here by President of Multan Chamber of Commerce and Indust
Published 09 Jul, 2015 12:00am
Food security: speakers call for adopting ICT

Food security: speakers call for adopting ICT

-Agricultural experts at a workshop stressed the need to promote and adopt the information and communication technology (ICT) for raising awareness among farmers in order to ensure the food security in the country. They were addressing the workshop on the
Published 09 Jul, 2015 12:00am
Thousands of Muslims go for I'tikaf

Thousands of Muslims go for I'tikaf

Thousands of Muslims on Wednesday sat for Aitkaf in mosques before evening prayers in a bid to carry out rituals in seclusion. The faithful observing Aitkaf will continue worship till the sighting of the Shawwal moon and pray and seek Allah's blessings an
Published 09 Jul, 2015 12:00am
NAB corruption list: Shujaat wants SC commission for summary trial

NAB corruption list: Shujaat wants SC commission for summary trial

The Pakistan Muslim League-Quaid-e-Azam president and a former premier has urged the Supreme Court to set up a commission to carry out an immediate summary trial of 150 cases being brought on the National Accountability Bureau's list and give its verdict
Published 09 Jul, 2015 12:00am
Data of over 52,000 government schools made public: Rana

Data of over 52,000 government schools made public: Rana

Punjab Education Minister Rana Mahshood Ahmad Khan has said that good governance and transparency are foremost priorities of Punjab government. To ensure this reality, data of more than 52 thousand government schools of the province has been made public s
Published 09 Jul, 2015 12:00am
Lahore metro train project to be completed in 2017: Hamza

Lahore metro train project to be completed in 2017: Hamza

Pakistan Muslim League-Nawaz senior leader Hamza Shhahbaz has claimed that the metro train project will be completed in 2017. In a speech in the concluding session of the "ideological summer camp" organised by the Nazria Pakistan Trust on Wednesday, he sa
Published 09 Jul, 2015 12:00am
Registration of blind persons will start soon: minister

Registration of blind persons will start soon: minister

Provincial Minister for Minorities Affairs and Human Rights Khalil Tahir Sandhu has said that registration of blind persons will soon be started in the province. He was addressing a meeting of the representatives of blind persons and Social Welfare and Mi
Published 09 Jul, 2015 12:00am
PCGA condemns murder of its member
Cotton

PCGA condemns murder of its member

Pakistan Cotton Ginners Association (PCGA) has strongly condemned the murder of a senior member of PCGA, owner of Al-Qaim Cotton Ginning Factory Uch Sharif Khawaja Sajid Raza and demanded immediate arrest of the killers. Khawaja Sajid Raza was kidnapped o
Published 09 Jul, 2015 12:00am
PR to operate 23 Eid Special trains from July 11

PR to operate 23 Eid Special trains from July 11

The Pakistan Railways has decided to operate 23 special trains for the Eid on July 11 for those travelling between Lahore and Karachi ahead of the festivity. The special rail service will begin with two trains leaving both Lahore and Karachi simultaneousl
Published 09 Jul, 2015 12:00am
LHC overrules Registrar Office's objection on Ayyan Ali's bail peal

LHC overrules Registrar Office's objection on Ayyan Ali's bail peal

The Lahore High Court has overruled an objection on the bail application of Ayyan Ali by the Registrar Office, directing it to fix the plea before a division bench. The Registrar office had refused to fix the bail petition for being no-maintainable, sayin
Published 09 Jul, 2015 12:00am
Big portion of CHH budget allegedly embezzled

Big portion of CHH budget allegedly embezzled

The Sindh government is providing about Rs 900 million to Civil Hospital Hyderabad (CHH) annually for medicines and other facilities but allegedly a big portion of the budget is being embezzled with the help of top management of the hospital, sources told
Published 09 Jul, 2015 12:00am
Senate body concerned at non-implementation of CCI decisions

Senate body concerned at non-implementation of CCI decisions

Senate Standing Committee on Devolution Process has expressed serious concerns over the non-implementation on the decisions of Council of Common Interests (CCI). The committee met here with Senator Mir Hasil Khan Bizenjo in the chair at Parliament House o
Published 09 Jul, 2015 12:00am
US praises Pakistan for Afghan-Taliban moot

US praises Pakistan for Afghan-Taliban moot

The United States has praised Pakistan for facilitating meeting between Afghan officials and Taliban representatives. In a statement, the White House Spokesman Josh Earnest said this is an important step in advancing prospects for durable peace in Afghani
Published 09 Jul, 2015 12:00am
Traditional Iftar stalls prove a boon for the poor

Traditional Iftar stalls prove a boon for the poor

Old tradition of arranging Iftar on roadsides, traffic intersections and near shopping centres and mosques for the poor, passersby and travelling people was continuing unabated in the city despite the fact that prices of food items have increased manifold
Published 09 Jul, 2015 12:00am
Prime Minister condoles

Prime Minister condoles

Prime Minister Muhammad Nawaz Sharif on Wednesday expressed his grief and sorrow over the death of the sister of former Prime Minister, Syed Yousuf Raza Gilani. In a message to the bereaved family, the Prime Minister has extended his profound condolences
Published 09 Jul, 2015 12:00am
DG Rangers calls on Sindh Governor

DG Rangers calls on Sindh Governor

Director General Sindh Rangers Major General Bilal Akber on Wednesday called on Sindh Governor Dr Ishrat ul Ebad Khan at Governor House here. The DG informed the Governor about efforts of Rangers for establishment of lasting peace and improving law and or
Published 09 Jul, 2015 12:00am
Axact scam discussed: Senate panel calls for regulating IT firms

Axact scam discussed: Senate panel calls for regulating IT firms

The Senate standing committee on information technology and communication has recommended to the government to form a regulatory body to regulate IT firms and take steps for collection of tax from them after having discussed the issue of selling fake degr
Published 09 Jul, 2015 12:00am
Senators for writing-off agriculture loans of Balochistan farmers

Senators for writing-off agriculture loans of Balochistan farmers

The Baloch lawmakers in Senate on Wednesday called upon the government to write-off loans of the farmers of the province, saying that they are already bearing the brunt of a long drought that devastated over 10,000 apple orchards alone. Senator Usman Kaka
Published 09 Jul, 2015 12:00am
Tax on bank transactions: AKTI threatens to launch protest

Tax on bank transactions: AKTI threatens to launch protest

Traders on Wednesday threatened to launch a countrywide protest if the ongoing talks between the federal finance minister and leaders of the businessmen community failed to withdraw 0.6 per cent advance adjustable tax, imposed on bank transactions.
Published 09 Jul, 2015 12:00am
Senate body concerned at non-implementation of CCI decisions

Senate body concerned at non-implementation of CCI decisions

Senate Standing Committee on Devolution Process has expressed serious concerns over the non-implementation on the decisions of Council of Common Interests (CCI). The committee met here with Senator Mir Hasil Khan Bizenjo in the chair at Parliament House o
Published 09 Jul, 2015 12:00am
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