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Print - 2015-07-17
Treasury prices rally

Treasury prices rally

US Treasury prices rallied on Wednesday as concerns about global growth sparked safety buying, even as US Federal Reserve Chair Janet Yellen repeated that an interest rate hike is likely this year. Chinese stocks dived on Wednesday despite data showing Ch
Published 17 Jul, 2015 12:00am
Treasury prices rally

Treasury prices rally

US Treasury prices rallied on Wednesday as concerns about global growth sparked safety buying, even as US Federal Reserve Chair Janet Yellen repeated that an interest rate hike is likely this year. Chinese stocks dived on Wednesday despite data showing Ch
Published 17 Jul, 2015 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks edged down on Thursday, tracking weakness in Chinese equities and ahead of the release of June-quarter financial results by market heavyweight TSMC. The main TAIEX index was down 0.1 percent at 9,046.08 as of 0141 GMT, after closing higher 0
Published 17 Jul, 2015 12:00am
Indian shares jump

Indian shares jump

Indian shares rose about 1 percent on Thursday, marking their highest close in three months, led by banks and index heavyweight Reliance Industries, on hopes a fall in oil prices due to the Iran nuclear deal would lower import costs and interest rates. Th
Published 17 Jul, 2015 12:00am
China shares rebound but trading volatility remains high

China shares rebound but trading volatility remains high

China stocks rebounded on Thursday from the previous session's sharp correction, but high trading volatility reflects lingering investor caution even as Beijing's flurry of rescue measures has managed to stem panic selling. Investors were also keeping a c
Published 17 Jul, 2015 12:00am
European shares rise to six-week high

European shares rise to six-week high

European shares climbed to a six-week high on Thursday after the Greek parliament passed austerity measures demanded by its lenders to open talks on a new bailout package to keep Greece in the euro. The region's stock markets also hit session highs after
Published 17 Jul, 2015 12:00am
Australian shares remain up

Australian shares remain up

Australian shares rose for a third straight session on Thursday, underpinned by gains in the financial sector that lifted Commonwealth Bank to a two-month closing high. The benchmark S&P/ASX 200 index closed up 33.4 points, or 0.6 percent, at 5,669.6. It
Published 17 Jul, 2015 12:00am
Southeast Asian markets: Singapore, Manila up; Malaysia nearly flat

Southeast Asian markets: Singapore, Manila up; Malaysia nearly flat

Shares in Singapore and the Philippines rose, while Malaysia erased gains on Thursday ahead of a market holiday, with investors selectively picking stocks in a reporting season. Singapore's Straits Times Index was up 0.4 percent on the day and 2.2 percent
Published 17 Jul, 2015 12:00am
FTSE up but lags eurozone peers after Greek vote

FTSE up but lags eurozone peers after Greek vote

Britain's top share index edged higher on Thursday, though without matching the gains seen across the eurozone after Greece's parliament approved austerity measures, with US-exposed stocks getting a lift. The FTSE 100 index closed up 0.6 percent, at 6,796
Published 17 Jul, 2015 12:00am
Yuan holds flat
Currency

Yuan holds flat

China's yuan was steady against the dollar on Thursday, reflecting a largely unchanged midpoint set by the central bank, traders said. The People's Bank of China (PBOC) set the midpoint rate at 6.1173 per dollar prior to market open, down 0.03 percent fro
Published 17 Jul, 2015 12:00am
Euro down in Asia
Currency

Euro down in Asia

The euro edged lower on Thursday after Greece's parliament approved the austerity plan demanded by its lenders, while the US dollar firmed as the Federal Reserve chief did not waver from her views that a rate hike was on the cards this year. The euro brie
Published 17 Jul, 2015 12:00am
Euro slips to six-week low in Europe
Currency

Euro slips to six-week low in Europe

There was no silver lining for the euro on Thursday after Greece voted through austerity demanded in return for another bailout, as improved interest rate differentials drove the dollar higher across the board. The New Zealand dollar sank to a six-year lo
Published 17 Jul, 2015 12:00am
Early trade in New York: dollar rises to seven-week high
Currency

Early trade in New York: dollar rises to seven-week high

The dollar index rallied to a seven-week peak on Thursday, with an easing in jobless claims reinforcing market expectations of a 2015 US interest rate hike. A day after Federal Reserve Chair Janet Yellen signalled that the first rise in US rates in nearly
Published 17 Jul, 2015 12:00am
Dollar gains in New York
Currency

Dollar gains in New York

The dollar rose on Wednesday after Federal Reserve Chair Janet Yellen reinforced market expectations for a US interest rate hike, possibly as soon as September. The top US central banker told Congress that the Fed remains poised to raise interest rates th
Published 17 Jul, 2015 12:00am
Bangladesh interbank forex, interest rates

Bangladesh 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: 05.25-6.50 percent (Previous 05.25-06.50 percent).
Published 17 Jul, 2015 12:00am
Sri Lankan rupee steady
Currency

Sri Lankan rupee steady

The Sri Lankan rupee ended steady on Thursday as a state-run bank kept the selling rate of the greenback at 133.80 amid dollar demand from importers and inward remittances ahead of the Muslim festival of Eid, dealers said. The spot currency closed unchang
Published 17 Jul, 2015 12:00am
Asia Forex: most emerging Asian currencies slip
Currency

Asia Forex: most emerging Asian currencies slip

Most emerging Asian currencies slid on Thursday as US Federal Reserve Chair Janet Yellen affirmed her views of an interest rate hike this year and the Asian Development Bank cut regional economic forecasts. The South Korean won hit a two-year low as offsh
Published 17 Jul, 2015 12:00am
Rand extends losses
Currency

Rand extends losses

South Africa's rand extended losses against the dollar on Thursday, having fallen as much as one percent in the previous session after US Federal Reserve chair Janet Yellen said a rate rise in 2015 remained likely. By 0600 GMT the rand, along with other e
Published 17 Jul, 2015 12:00am
Sterling index hits 7-1/2-year high
Currency

Sterling index hits 7-1/2-year high

Sterling hit a 7-1/2-year high against a trade-weighted basket of currencies on Thursday as traders bet the Bank of England would raise interest rates early next year, while euro zone monetary policy remains ultra-loose. After Greece's parliament approved
Published 17 Jul, 2015 12:00am
New Zealand dollar tumbles to six-year low

New Zealand dollar tumbles to six-year low

The New Zealand dollar crumbled to a six-year low after plunging dairy prices and underlying soft inflation virtually cemented the case for another rate cut at next week's central bank review, with analysts expecting further easing in coming months. The k
Published 17 Jul, 2015 12:00am
Froome in control as Rodriguez wins his second stage

Froome in control as Rodriguez wins his second stage

Chris Froome controlled a series of tentative attacks from his rivals as Joaquim Rodriguez won his second stage of this year's Tour de France on Thursday. Rodriguez, 36, was part of an original 22-man breakaway that gradually split up over the 195km trek
Published 17 Jul, 2015 12:00am
Murray looks for Queen's boost, Serbia without Djokovic in Davis Cup

Murray looks for Queen's boost, Serbia without Djokovic in Davis Cup

Andy Murray will lead Great Britain against France at The Queen's Club as Serbia travel to Argentina without Wimbledon champion Novak Djokavic in Davis Cup World Group quarter-final action starting on Friday. Murray, the world number three, will be lookin
Published 17 Jul, 2015 12:00am
Record-setting Rogers and Smith pummel England

Record-setting Rogers and Smith pummel England

Chris Rogers and Steven Smith both scored unbeaten hundreds in a record-breaking partnership as Australia dominated the first day of the second Ashes Test against England at Lord's on Thursday. At stumps, Australia were 337 for one after cashing in on cap
Published 17 Jul, 2015 12:00am
Woods hoping tough going can lead to comeback

Woods hoping tough going can lead to comeback

Tiger Woods may be in danger of missing back-to-back cuts in majors for the first time in his career, but he remained defiant he can recover after a first round of four-over par at The Open on Thursday. After carding a dismal 76, it meant Woods was also f
Published 17 Jul, 2015 12:00am
India focus on T20s, not IPL turmoil: Rahane

India focus on T20s, not IPL turmoil: Rahane

India's stand-in captain Ajinkya Rahane insists that his squad's focus is on two Twenty20 internationals against Zimbabwe and not the turmoil rocking the Indian Premier League. The Justice Lodhar Committee announced on Tuesday that the Chennai Super Kings
Published 17 Jul, 2015 12:00am
African giants kept apart for World Cup draw

African giants kept apart for World Cup draw

The top 20 ranked African national football teams will avoid each other in the first and second qualifying rounds for the 2018 World Cup, FIFA confirmed Thursday. A spokesman in Zurich for the world football governing body said the draws would be made on
Published 17 Jul, 2015 12:00am
FIFA ethics watchdog wants more bite

FIFA ethics watchdog wants more bite

FIFA's ethics committee on Thursday made a demand for wider powers in its pursuit of uncovering corruption, notably calling for greater transparency in proceedings against accused parties. The independent watchdog's twin chairmen listed various demands in
Published 17 Jul, 2015 12:00am
Cuba reaches quarters, Trinidad draws Mexico

Cuba reaches quarters, Trinidad draws Mexico

Cuba defied the odds and booked a berth in the Gold Cup quarter-finals against regional powerhouse United States with a 1-0 win over Guatemala in their final game of group stage on Wednesday. In a thrilling night match, Yohance Marshall scored in the fina
Published 17 Jul, 2015 12:00am
FIFA hire US consultants to handle 'reputational' issues

FIFA hire US consultants to handle 'reputational' issues

Global soccer's governing body FIFA, which is currently mired in a corruption scandal, has hired New York-based crisis communications and advisory firm Teneo as it seeks to cope with investigations by US and Swiss authorities and tries to improve its badl
Published 17 Jul, 2015 12:00am
Younis won't retire before winning in Australia, England

Younis won't retire before winning in Australia, England

Pakistan veteran Younis Khan has vowed to hold off retiring until he has guided his team to Test series victories in England and Australia to cap off a remarkable career. The 37-year-old played his hundredth Test on the tour of Sri Lanka earlier this mont
Published 17 Jul, 2015 12:00am
Deadly twin blasts hit market in NE Nigeria

Deadly twin blasts hit market in NE Nigeria

Twin blasts rocked a market in the northeast Nigerian city of Gombe on Thursday, leaving several people dead, witnesses said. The first explosion took place outside a footwear shop around 1620 GMT, followed by a second explosion just minutes later, said B
Published 17 Jul, 2015 12:00am
US poised to upgrade Cuba in annual human trafficking report

US poised to upgrade Cuba in annual human trafficking report

The United States is set to remove Cuba from the bottom tier on its list of worst human trafficking centers, US sources said, in what will be another step in the historic rapprochement between the former Cold War foes. The upgrade would lift Cuba to the s
Published 17 Jul, 2015 12:00am
ISS astronauts dodge flying Russian space debris

ISS astronauts dodge flying Russian space debris

Three astronauts living at the International Space Station were forced to scramble to safety after what NASA described as a "close pass" by flying Russian space debris on Thursday. The men decamped into the Soyuz spacecraft, which is attached to the orbit
Published 17 Jul, 2015 12:00am
Top court approves Istanbul development that sparked protests

Top court approves Istanbul development that sparked protests

Turkey's top administrative court has removed its block on the controversial redevelopment of an Istanbul park that in 2013 sparked the most serious anti-government protests in years, a pressure group said Thursday. Istanbul authorities had planned to reb
Published 17 Jul, 2015 12:00am
Thousands urged to evacuate as Typhoon Nangka hits Japan

Thousands urged to evacuate as Typhoon Nangka hits Japan

Powerful Typhoon Nangka barrelled into the Japanese island of Shikoku late Thursday, killing at least one person as authorities urged more than 350,000 people to evacuate. Nangka, packing gusts up to 185 kilometres (115 miles) per hour, made landfall near
Published 17 Jul, 2015 12:00am
Egypt sacks Cairo police chief after bombings

Egypt sacks Cairo police chief after bombings

Egypt sacked Cairo police chief General Osama Bedair on Thursday, days after separate car bombings killed the country's top prosecutor and struck the Italian consulate. The interior ministry said in a statement that Bedair was replaced by his deputy, Gene
Published 17 Jul, 2015 12:00am
Volcanoes shut Indonesian airports during holiday rush

Volcanoes shut Indonesian airports during holiday rush

Ash spewing from volcanoes closed six airports across Indonesia Thursday, including in the country's second-biggest city, leaving many travellers stranded on the eve of the Muslim Eid holiday. The international airport serving Surabaya, the country's bigg
Published 17 Jul, 2015 12:00am
Ukraine takes first step toward giving rebels self-rule

Ukraine takes first step toward giving rebels self-rule

Ukraine's parliament took the first step Thursday toward granting temporary self-rule to pro-Russian rebels under a change to the constitution the West hopes can end one of Europe's deadliest wars in recent years. The divisive issue came to the floor on t
Published 17 Jul, 2015 12:00am
Ghana bans sale, movement of live poultry

Ghana bans sale, movement of live poultry

Ghana has banned the sale and transport of live poultry after the H5N1 virus killed thousands of birds, while there has been no record of human infection, the ministry of agriculture has said. The statement from the ministry, published on Wednesday, said
Published 17 Jul, 2015 12:00am
George H.W. Bush 'fair' after breaking neck bone

George H.W. Bush 'fair' after breaking neck bone

Former US president George H.W. Bush was in fair condition in hospital Thursday after falling and breaking a bone in his neck, his office said. President Barack Obama telephoned Bush to wish him a speedy recovery and extend best wishes on behalf of himsel
Published 17 Jul, 2015 12:00am
Japan lawmakers pass security bills despite public anger

Japan lawmakers pass security bills despite public anger

Controversial security bills that opponents say will undermine 70 years of pacifism and could see Japanese troops fighting abroad for the first time since World War II passed through the powerful lower house of parliament Thursday. The vote marks a victor
Published 17 Jul, 2015 12:00am
TCS launches Hazir Time Choice service

TCS launches Hazir Time Choice service

Pakistan's largest express and logistics group, TCS has launched a 24-hour service, TCS Hazir Time Choice, which enables customers to get their shipments delivered on the day and time of their choice. Customers can place their requests on phone or through
Published 17 Jul, 2015 12:00am
MQM submits resolution against Khawaja Asif

MQM submits resolution against Khawaja Asif

Muttahida Qaumi Movement on Thursday submitted a resolution against the Federal Defence Minister Khawaja Asif in Sindh Assembly for speaking against the armed forces of the country. The move came after a similar resolution was submitted against the MQM ch
Published 17 Jul, 2015 12:00am
Police School of Public Disorder signs MoU with Preston University

Police School of Public Disorder signs MoU with Preston University

A memorandum of understanding (MoU) was signed between Police School of Public Disorder and Riot Management Mardan and Preston University Kohat in a ceremony held at CPO Peshawar here on Thursday. Additional IGP Headquarters Mian Mohammad Asif and Preston
Published 17 Jul, 2015 12:00am
Eid holiday mood pervades across Karachi

Eid holiday mood pervades across Karachi

A holiday mood prevailed in the city on Thursday which led to thin attendance in government and private offices than witnessed during normal days. As the federal government has announced 5 days holidays for Eid ul Fitr from Friday to Tuesday (July 17 to J
Published 17 Jul, 2015 12:00am
Kharif season: Fertilizer off-take up 17.2 percent for first two months

Kharif season: Fertilizer off-take up 17.2 percent for first two months

Cumulative urea and di-ammonia phosphate (DAP) off-take for the first two months of the current Kharif season 2015-16 has registered an increase of 18.4 percent and 17.2 percent respectively over the same time period of Kharif 2014-15. According to Pakist
Published 17 Jul, 2015 12:00am
PTCL declares sound financial results

PTCL declares sound financial results

Pakistan Telecommunication Company Limited (PTCL), the largest Information Communications Technology (ICT) services provider in Pakistan, has declared sound financial results for the first six months of FY 2015. PTCL announced revenues of Rs 39.4 billion
Published 17 Jul, 2015 12:00am
KSE extends PUCARS for all listed companies from August 17

KSE extends PUCARS for all listed companies from August 17

In an effort to implement an automated mechanism for dissemination of price sensitive/ material information to the public on real time basis, the Karachi Stock Exchange has now extended Pakistan Unified Corporate Action Reporting System (PUCARS) for all l
Published 17 Jul, 2015 12:00am
Ruet-e-Hilal body meets today

Ruet-e-Hilal body meets today

Meeting of the Central Ruet-e-Hilal Committee will be held today (Friday) at a local hotel of the capital for sighting (Eid-ul Fitr) Shawwal moon while the zonal committees will hold meetings at their respective locations. Chairman of the Committee Mufti
Published 17 Jul, 2015 12:00am
Pension facilitation centre set up

Pension facilitation centre set up

A Pension Facilitation Centre has been set up at Accountant General Balochistan Office to facilitate pensioners. According to a press release issued, here on Thursday, pensioners will get facility at Pension Facilitation Centre under One Window Operation.
Published 17 Jul, 2015 12:00am
Textile industries facing difficulties: Bilwani

Textile industries facing difficulties: Bilwani

It is really a great irony that while the government is pushing to increase exports, the harassed and greatly burdened are not only facing short supply of these most essential inputs, Gas, Electricity and Water but also to add fuel to the fire, tariff of
Published 17 Jul, 2015 12:00am
Widespread rain-thundershower likely in upcountry

Widespread rain-thundershower likely in upcountry

The Met Office on Thursday forecast widespread rain-thundershower for most parts of the upcountry in the next 24 hours. It said that rain-thundershower is likely in Kashmir, Hazara, Rawalpindi, Islamabad, Gujranwala, and divisions and at scattered places
Published 17 Jul, 2015 12:00am
Prices of essential commodities register substantial rise

Prices of essential commodities register substantial rise

Poultry dealers and butchers have started squeezing the people by charging with high rates as prices of poultry products, meat, fruits and other Eid specific items registered a substantial rise with increasing demand of these commodities in local markets
Published 17 Jul, 2015 12:00am
Clarification

Clarification

Apropos a news item titled "Kassam Teli Group Wins all 15 seats unopposed" carried by Business Recorder on July 15, 2015 Businessmen Group clarified that BMG has no faction at all and is being successfully governed by BMG Chairman Siraj Kassam Teli
Published 17 Jul, 2015 12:00am
Key commander among four militants surrender in Sui

Key commander among four militants surrender in Sui

Four militants, including a key commander of a banned organisation, surrendered to security forces in Balochistan's Sui area on Thursday. According to reports, the commander identified as Tota Khan Bugti laid down weapons along with three other militants
Published 17 Jul, 2015 12:00am
MoD denies custody of man

MoD denies custody of man

The Ministry of Defence on Thursday denied custody of man who was allegedly picked by the law enforcement agencies at Islamabad's international airport upon his arrival from Qatar. On Thursday, Islamabad High Court (IHC) judge Justice Aamir Farooq resumed
Published 17 Jul, 2015 12:00am
Minister visits Nawaz Sharif Social Security Hospital

Minister visits Nawaz Sharif Social Security Hospital

Provincial Minister for Labour and HR Raja Ashfaq Sarwar has said that Nawaz Sharif Social Security Hospital has unique place in teaching hospitals with regard to provision of medical facilities to labourers and their families. He expressed these views du
Published 17 Jul, 2015 12:00am
Punjab allocates Rs 600 million for fisheries sector

Punjab allocates Rs 600 million for fisheries sector

Punjab government has set aside Rs 600 million to develop the Punjab fisheries sector during 2015-16. Sources said the Fisheries Department was working to implement its vision to conserve and develop aquatic resources.
Published 17 Jul, 2015 12:00am
Implementation of NAP: Shahbaz expressed satisfaction over measures

Implementation of NAP: Shahbaz expressed satisfaction over measures

Punjab Chief Minister Shahbaz Sharif presided over the 6th meeting of provincial apex committee, here on Thursday and expressed satisfaction over measures taken in the Punjab under the National Action Plan for eliminating terrorism. Corps Commander Lahore
Published 17 Jul, 2015 12:00am
NH&MP warns transporters against overcharging

NH&MP warns transporters against overcharging

The National Highways and Motorway Police have warned against overcharging in public transport fares, with Inspector General Muhammed Saleem Bhatti making it clear that those flouting the rules and regulations will have to return their collected money to
Published 17 Jul, 2015 12:00am
Special trains cancelled for poor presence

Special trains cancelled for poor presence

The Pakistan Railways is cancelling its special trains for July 20 and 22 following a decision because of poor passenger presence. The rail authorities have closed reservation offices during the five-day holidays.
Published 17 Jul, 2015 12:00am
Fiscal Year 2014-15: Punjab revenue target surpassed

Fiscal Year 2014-15: Punjab revenue target surpassed

Senior Member of Revenue Punjab Nadeem Ashraf while addressing the full-board meeting of Board of Revenue said that the Board of Revenue Punjab was assigned the revenue target of Rs 39.79 billion for the financial year 2014-15 by the Finance Department ag
Published 17 Jul, 2015 12:00am
200 cops deployed on Quetta entry-exit points

200 cops deployed on Quetta entry-exit points

The Home Department has deployed 200 police personnel at entry and exit points of the provincial capital for security ahead of Eid-ul-Fitr. Official sources said, here on Thursday that several measures have been taken to ensure foolproof security of the m
Published 17 Jul, 2015 12:00am
Eid-ul-Fitr: SBP BSC issues fresh notes worth Rs 249 billion
Currency

Eid-ul-Fitr: SBP BSC issues fresh notes worth Rs 249 billion

State Bank of Pakistan Banking Services Corporation (SBP BSC) made elaborate arrangements to meet the demand for fresh currency notes on the occasion of Eid-ul-Fitr. According to details, the cumulative issuance of fresh banknotes by SBP stood at Rs 249 b
Published 17 Jul, 2015 12:00am
PIAF voices concern over proposed gas tariff hike

PIAF voices concern over proposed gas tariff hike

The Pakistan Industrial and Traders Associations Front (PIAF) has urged the government to stop increasing the gas tariff and Chairman Irfan Iqbal Sheikh and Vice Chairman Khawaja Shahzeb Akram have voiced concerns over the proposed increase by 18 to 20 pe
Published 17 Jul, 2015 12:00am
AWAM demands protection of women workers against exploitation, violence

AWAM demands protection of women workers against exploitation, violence

Government must protect women workers from exploitation, violence and bondage. This was demanded by the participants in a network meeting that was organized by Association of Women for Awareness and Motivation (AWAM) entitled "Formation of District level
Published 17 Jul, 2015 12:00am
Private airline plane escapes accident

Private airline plane escapes accident

A passenger plane of a private airline narrowly escaped an accident as its tyre bursted during takeoff at Quetta airport on Thursday. The incident took place when a plane, scheduled to take passengers from Quetta to Islamabad, witnessed tyre burst while t
Published 17 Jul, 2015 12:00am
Chili value chain platform meeting held

Chili value chain platform meeting held

-Chili Value Chain Platform Meeting with Stakeholders was held at Sindh Agriculture University Tandojam, organized by Agribusiness Project, USAID, in Collaboration with Sindh Agriculture University Tandojam.
Published 17 Jul, 2015 12:00am
'Feasibility studies of 10 more industrial estates finalised'

'Feasibility studies of 10 more industrial estates finalised'

Punjab Industrial Estates Development and Management Company Chairman SM Tanveer has said his company has finalised feasibility studies to set up industrial estates in 10 more districts. "These ten districts are Gujar Khan, Pin Dadan Khan, Bhakkar, Jhang,
Published 17 Jul, 2015 12:00am
Fake weapon licences Six officials sacked

Fake weapon licences Six officials sacked

Six officials of the Faisalabad DCO Office have been sacked on the charge of devouring millions of rupees by issuing fake licences of weapons. The Anti-Corruption Establishment will register cases against the said officials.
Published 17 Jul, 2015 12:00am
TEVTA, Motorway Police offer three-month driving course

TEVTA, Motorway Police offer three-month driving course

The Technical and Vocational Training Authority and the National Highway and Motorway Police will offer a three-month "light transport vehicle driving course". This course will be introduced for the unemployed youth next month at the 35 Road Safety Traini
Published 17 Jul, 2015 12:00am
Special Eid security plan chalked out for Capital

Special Eid security plan chalked out for Capital

Islamabad Capital Territory (ICT) Police have finalized a comprehensive security plan on the eve of Eid ul Fitr and also augmented the security at public places, worship places and other important buildings to thwart any untoward incident. The security pl
Published 17 Jul, 2015 12:00am
NAB, HQ building: Chairman visits under-construction site

NAB, HQ building: Chairman visits under-construction site

Qamar Zaman Chaudhry, Chairman National Accountability Bureau (NAB) visited the under construction site of the office building for National Accountability Bureau (NAB) Headquarters at Sector G-5/1 Islamabad. He reviewed the physical progress made on the g
Published 17 Jul, 2015 12:00am
Peace, development in Malakand reviewed

Peace, development in Malakand reviewed

A meeting held with General Officer Commanding (GoC) Army Division, Swat, Major General Nadir Khan in the chair at Khwazakhela, district Swat reviewed restoration of peace, construction programme and progress from acceleration of development pace and reso
Published 17 Jul, 2015 12:00am
'Pakistan envoy yet to gain access to Zaid Hamid'

'Pakistan envoy yet to gain access to Zaid Hamid'

Foreign Office spokesperson Qazi Khalilullah on Thursday said that the Ambassador of Pakistan in Saudi Arabia has not been given the access to the detained Zaid Hamid. Khalilullah briefed that Pakistan embassy in Saudi Arabia has sought details of the pun
Published 17 Jul, 2015 12:00am
SBP injects Rs 114 billion into system

SBP injects Rs 114 billion into system

The State Bank of Pakistan (SBP) on Thursday injected rupees 114 billion into banking system to fill the demand and supply gap. According to details, SBP conducted Open Market Operation (OMO) on July 16, 2015 and received some 13 offers amounting Rs 114 b
Published 17 Jul, 2015 12:00am
SAARC CCI welcomes Nawaz-Modi meeting

SAARC CCI welcomes Nawaz-Modi meeting

SAARC Chamber of Commerce and Industry (CCI) has welcomed the recent meeting of Prime Minister Muhammad Nawaz Sharif with his Indian counterpart Narendra Modi in Ufa, Russia. The SAARC Chamber's leaders in a joint statement in Lahore termed the meeting a
Published 17 Jul, 2015 12:00am
Reasons behind grey trafficking decline spelled out

Reasons behind grey trafficking decline spelled out

The withdrawal of International Clearing House (ICH) regime and de-regulating call rates resulted in significant decline in grey trafficking, as white traffic reached to over 1.1 billion minutes per month in June 2015 against 367 million recorded in Novem
Published 17 Jul, 2015 12:00am
Merkel explains 'tough' asylum policies to crying girl

Merkel explains 'tough' asylum policies to crying girl

German Chancellor Angela Merkel faced a social media storm Thursday after the release of a video showing her awkward interaction with a crying Palestinian girl threatened with deportation. In a week in which Germany has confronted international criticism
Published 17 Jul, 2015 12:00am
Kenya says Shebab militants killed in US drone strike

Kenya says Shebab militants killed in US drone strike

At least 30 members of Somalia's al Qaeda-affiliated Shebab militants were killed in a US drone strike on Thursday, the Kenyan government said, while backtracking on its earlier claim that the alleged mastermind of the Garissa University massacre was amon
Published 17 Jul, 2015 12:00am
Gunman opens fire at US military center

Gunman opens fire at US military center

A gunman opened fire at a military recruiting center in Tennessee on Thursday and at least one police officer was shot, the local mayor said. Multiple victims were being treated in a hospital, WRCB news reported. "We have an officer down," Chattanooga may
Published 17 Jul, 2015 12:00am
Russia, US agree fishing ban in Arctic as sea ice melts

Russia, US agree fishing ban in Arctic as sea ice melts

The United States, Russia and other Arctic nations signed an agreement on Thursday to bar their fishing fleets from fast-thawing seas around the North Pole, an agreement delayed more than a year by tensions over Ukraine. The accord, also signed in Oslo by
Published 17 Jul, 2015 12:00am
Deal reached on development financing

Deal reached on development financing

Rich nations and developing countries on Thursday reached a deal on financing the next 15 years of global sustainable development, in what was hailed as a successful outcome of a divisive four-day summit. The four days of talks in Ethiopia's capital Addis
Published 17 Jul, 2015 12:00am
Battle for the BBC as government heralds shake-up

Battle for the BBC as government heralds shake-up

Britain's government opened the door to a major shake-up of the BBC Thursday, promising to help it thrive in the digital age despite warnings from stars including James Bond star Daniel Craig against cuts. The broadcaster - nicknamed "Auntie" due to its o
Published 17 Jul, 2015 12:00am
France foils 'terror' attack on military

France foils 'terror' attack on military

Three young men, including a former naval signalman, were being held Thursday by France's intelligence services, accused of plotting to kidnap and decapitate a member of the armed forces at a military base. Interior Minister Bernard Cazeneuve said securit
Published 17 Jul, 2015 12:00am
UK sends new spy plane to 'Battle of Britain' against IS

UK sends new spy plane to 'Battle of Britain' against IS

Britain will send another spy plane to fly over Iraq and Syria in what Defence Secretary Michael Fallon called a "new Battle of Britain" Thursday, as it edges towards joining US-led air strikes in Syria. Fallon announced Britain would take delivery of a n
Published 17 Jul, 2015 12:00am
Barrel bombs kill 11 civilians in Syria

Barrel bombs kill 11 civilians in Syria

Barrel bombs dropped from Syrian government helicopters on Thursday killed at least 11 civilians, including three children, in raids on a jihadist-held northern town, a monitoring group said. The crudely constructed weapons were used on Al-Bab, which lies
Published 17 Jul, 2015 12:00am
Obama becomes first president to visit US prison

Obama becomes first president to visit US prison

Barack Obama became the first sitting US president to visit a federal prison on Thursday, amid a push to reform America's expensive and overcrowded correctional system. Obama toured the "B" block of El Reno Federal Correctional Institution in Oklahoma, wh
Published 17 Jul, 2015 12:00am
GEPCO suspends two XENs, four SDOs

GEPCO suspends two XENs, four SDOs

The administration of the Gujranwala Electric Power Company (GEPCO) has suspended two Executive Engineers and four Sub-Divisional Officers working in its region on account of bad performance. A GEPCO spokesman said that the suspended officers have been is
Published 17 Jul, 2015 12:00am
Juma-tul-Wida today

Juma-tul-Wida today

Juma-tul-Wida, the last Friday of Ramazan is, is being observed with fervour. Muslims visit mosques to pray for the country's peace, progress and prosperity and the liberation of Palestine from Israel. Scholars, in their sermons, will highlight the import
Published 17 Jul, 2015 12:00am
Two-day property expo from August 1

Two-day property expo from August 1

The Capital Club Islamabad would organize an exciting and unique event called "Pakistan Property Expo on August 1 and 2. In a statement, an official of the Club said, "We have designed fashion show and concert for this big event to attract more people." H
Published 17 Jul, 2015 12:00am
Report on NGOs' registration submitted to SC

Report on NGOs' registration submitted to SC

Interior Ministry on Thursday submitted report pertaining to registration of Non-Governmental Organizations (NGOs) to the Supreme Court. According to the report, there will be no compromise over the State security, while the report also demanded to close
Published 17 Jul, 2015 12:00am
Accounts officers asked to pay 'double pension', LHC told

Accounts officers asked to pay 'double pension', LHC told

The Lahore High Court was informed on Thursday that district accounts officers had been asked through a notification to pay double to old pensioners. An additional finance secretary made the statement before Justice Syed Mansoor Ali Shah who was hearing d
Published 17 Jul, 2015 12:00am
IoK regime flayed for barring Muslims from visiting mosques

IoK regime flayed for barring Muslims from visiting mosques

Hurriyet leader and the Chairman of Jammu and Kashmir National Front (JKNF) Nayeem Ahmad Khan, has castigated the anti-Muslim puppet administration for stopping the Muslims from performing their religious obligations. Nayeem Ahmed Khan who is under contin
Published 17 Jul, 2015 12:00am
JI criticises K-E for power breakdowns

JI criticises K-E for power breakdowns

Jamaat-e-Islamani (JI), Karachi, in an exceptional move on Wednesday, launched a vigorous drive against the K-Electric (KE) through holding an hour long peaceful demonstration and sit-in outside the KE head office in Karachi. The demonstration was held in
Published 17 Jul, 2015 12:00am
NA-118 NADRA submits forensic report to ET

NA-118 NADRA submits forensic report to ET

National Database Registration Authority (NADRA) on Thursday submitted a forensic report of votes of NA-118 constituency in the election tribunal. NADRA analysed 163,000 votes in the report pertaining to the constituency of NA-118. The report said that 1,
Published 17 Jul, 2015 12:00am
Leaves of jail staff cancelled for strengthening security

Leaves of jail staff cancelled for strengthening security

Leaves of jail staff across the province have been cancelled directing them to report for duty immediately for strengthening of security in and around the prisons otherwise strict action will be taken against them. Official sources told APP here on Thursd
Published 17 Jul, 2015 12:00am
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