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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-07-26
Treasuries outlook: prices inch higher as US new-home sales fall

Treasuries outlook: prices inch higher as US new-home sales fall

US Treasury debt prices drifted higher on Friday, as investors sought safety in government bonds after a softer-than-expected US housing report and amid a persistent downtrend in commodities and weakness on Wall Street. US 30-year bond yields, which move
Published 26 Jul, 2015 12:00am
Treasuries outlook: prices inch higher as US new-home sales fall

Treasuries outlook: prices inch higher as US new-home sales fall

US Treasury debt prices drifted higher on Friday, as investors sought safety in government bonds after a softer-than-expected US housing report and amid a persistent downtrend in commodities and weakness on Wall Street. US 30-year bond yields, which move
Published 26 Jul, 2015 12:00am
Foreigners sell record amount of Japan stocks

Foreigners sell record amount of Japan stocks

Foreign investors sold a record amount of Japanese stocks last week, exchange data showed, led by heavy selling of futures that analysts attributed largely to short-term investors as the benchmark index posted its biggest weekly drop in nine months. Worri
Published 26 Jul, 2015 12:00am
TSX drops on weak oil; golds rebound

TSX drops on weak oil; golds rebound

Canada's main stock index fell on Friday as weak oil prices dragged down shares of energy producers, offsetting a rebound by gold-mining shares. The benchmark index declined for a sixth straight session and is down about 3 percent so far this year. Disapp
Published 26 Jul, 2015 12:00am
Hedge fund investors fear lockdown amid China, Greece difficulty

Hedge fund investors fear lockdown amid China, Greece difficulty

Hedge fund clients face a nervous wait to see if firms betting on the troubled Chinese and Greek markets can avert emergency measures that give them power to lock away investors' cash. Both China and Greece have taken steps in the last month to curb sell-
Published 26 Jul, 2015 12:00am
Hedge fund investors fear lockdown amid China, Greece difficulty

Hedge fund investors fear lockdown amid China, Greece difficulty

Hedge fund clients face a nervous wait to see if firms betting on the troubled Chinese and Greek markets can avert emergency measures that give them power to lock away investors' cash. Both China and Greece have taken steps in the last month to curb sell-
Published 26 Jul, 2015 12:00am
China Railway Signal set to raise up to $1.8 billion in Hong Kong IPO

China Railway Signal set to raise up to $1.8 billion in Hong Kong IPO

China Railway Signal & Communication Corp (CRSCC), the world's largest builder of rail traffic control systems, plans to raise up to $1.8 billion in a Hong Kong listing, IFR reported, seeking funds to boost acquisitions, research and production. The compa
Published 26 Jul, 2015 12:00am
China Railway Signal set to raise up to $1.8 billion in Hong Kong IPO

China Railway Signal set to raise up to $1.8 billion in Hong Kong IPO

China Railway Signal & Communication Corp (CRSCC), the world's largest builder of rail traffic control systems, plans to raise up to $1.8 billion in a Hong Kong listing, IFR reported, seeking funds to boost acquisitions, research and production. The compa
Published 26 Jul, 2015 12:00am
Goldman bets on European stocks, steers clear of US

Goldman bets on European stocks, steers clear of US

With market jitters over Greece receding, Goldman Sachs is advising clients to load up on European stocks at the expense of US assets. The investment bank upgraded its short-term view on European equities to "overweight" from "neutral" in a note dated Jul
Published 26 Jul, 2015 12:00am
Bluefield eyes 200 million euro London listing

Bluefield eyes 200 million euro London listing

Bluefield European Solar Fund is planning to raise a minimum Of 200 million euros ($222.8 million) through a listing on the London Stock Exchange. The solar energy investment fund, which is looking to acquire solar PV assets across the euro zone, excludin
Published 26 Jul, 2015 12:00am
Bluefield eyes 200 million euro London listing

Bluefield eyes 200 million euro London listing

Bluefield European Solar Fund is planning to raise a minimum Of 200 million euros ($222.8 million) through a listing on the London Stock Exchange. The solar energy investment fund, which is looking to acquire solar PV assets across the euro zone, excludin
Published 26 Jul, 2015 12:00am
Eurozone yields fall on QE expectations
Currency

Eurozone yields fall on QE expectations

Eurozone bond yields fell on Friday after surveys showed private-sector growth slowed in the currency bloc, keeping pressure on the European Central Bank to stimulate the euro zone's fragile recovery. A fall in oil prices to near four-month lows also adde
Published 26 Jul, 2015 12:00am
Eurozone yields fall on QE expectations
Currency

Eurozone yields fall on QE expectations

Eurozone bond yields fell on Friday after surveys showed private-sector growth slowed in the currency bloc, keeping pressure on the European Central Bank to stimulate the euro zone's fragile recovery. A fall in oil prices to near four-month lows also adde
Published 26 Jul, 2015 12:00am
Nasdaq earnings rise, beating estimates
Currency

Nasdaq earnings rise, beating estimates

Transatlantic exchange operator Nasdaq OMX Group reported higher second-quarter earnings on Thursday, exceeding analysts' estimates, as cost cuts offset the negative effects of changes in foreign exchange rates. Net income attributable to Nasdaq in the qu
Published 26 Jul, 2015 12:00am
Wall Street slides to end rough week on macro, earnings concerns

Wall Street slides to end rough week on macro, earnings concerns

The S&P 500 and Nasdaq posted their largest weekly drops since March on Friday as slowing global growth dragged commodity-related stocks lower while an earnings-fuelled drop in Biogen took down the biotech sector. Biogen more than halved its revenue growt
Published 26 Jul, 2015 12:00am
Myanmar central bank moves to stabilise exchange rate
Currency

Myanmar central bank moves to stabilise exchange rate

Myanmar's central bank has started a slow depreciation of its kyat currency in an effort to stabilize fluctuations by bringing the official exchange rate closer in line with the market rate, a senior central bank official said on Thursday. The move, effec
Published 26 Jul, 2015 12:00am
Azeri central bank sees stable manat in 2015
Currency

Azeri central bank sees stable manat in 2015

The head of Azerbaijan's central bank said on Thursday that he expected the manat currency to be stable this year if oil prices average around $50 a barrel and the situation in Azerbaijan's main trade partners is stable. Azerbaijan is one of several forme
Published 26 Jul, 2015 12:00am
Deutsche Boerse, CME final bidders for FX platform 360T
Currency

Deutsche Boerse, CME final bidders for FX platform 360T

Commodities and currency exchange operator CME Group is competing against Germany's Deutsche Boerse in a final round of bidding for German-based foreign exchange trading platform 360T, three industry sources told Reuters on Friday. The sources said 360T,
Published 26 Jul, 2015 12:00am
Canadian dollar dives to 2004 lows
Currency

Canadian dollar dives to 2004 lows

The Canadian dollar finished little changed against its US counterpart on Friday, but not before crashing to the lowest levels since 2004, hit by a confluence of factors including weak commodities and a dim global economic outlook. The move came as the pr
Published 26 Jul, 2015 12:00am
Dollar holds firm against major currencies except yen
Currency

Dollar holds firm against major currencies except yen

The US dollar edged up against most other major currencies Friday on data pointing to sluggish overseas economic growth, while the Australian dollar sagged to a six-year low after a Chinese manufacturing gauge fell to its weakest in 15 months. Recent US e
Published 26 Jul, 2015 12:00am
Speculators up bearish bets on Mexican peso
Currency

Speculators up bearish bets on Mexican peso

Speculators raised bearish bets on the Mexican peso to a record level, according to data from the Commodity Futures Trading Commission released on Friday. Mexican net short positions increased to 81,424 contracts in the week ended July 21, from 72,718 the
Published 26 Jul, 2015 12:00am
US dollar longs highest since June 9
Currency

US dollar longs highest since June 9

Speculators raised bullish bets on the US dollar to their highest in about six weeks, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. The value of the dollar's net long position rose to $29.77 b
Published 26 Jul, 2015 12:00am
Nigeria central bank tweaks FX peg again, naira falls
Currency

Nigeria central bank tweaks FX peg again, naira falls

Nigeria's central bank adjusted its exchange rate peg on Thursday to 197 naira against the dollar from the 196.95 it set last week, data on the bank's website showed. The adjustment is the fifth since the bank introduced a tight controls on the foreign ex
Published 26 Jul, 2015 12:00am
Asia FX sentiment worsens on US rate hike views; yuan exception
Currency

Asia FX sentiment worsens on US rate hike views; yuan exception

Sentiment towards most emerging Asian currencies deteriorated in the last two weeks, a Reuters poll showed on Thursday, as expectations grew that the US Federal Reserve will raise interest rates as soon as September. China's yuan bucked the trend as inves
Published 26 Jul, 2015 12:00am
Gold Cup referee blunders 'human error': CONCACAF

Gold Cup referee blunders 'human error': CONCACAF

CONCACAF chiefs defended the referee at the centre of the Gold Cup officiating controversy on Saturday, saying that mistakes made during Panama's stormy semi-final defeat to Mexico were "human error." American referee Mark Geiger has faced stinging critic
Published 26 Jul, 2015 12:00am
Oltmans replaces van Ass as India's coach

Oltmans replaces van Ass as India's coach

Roelant Oltmans was on Saturday named as India's new field hockey coach after fellow Dutchman Paul van Ass was removed just five months after taking charge. Oltmans, 61, currently working with Hockey India as its High Performance Director, will serve as c
Published 26 Jul, 2015 12:00am
Ho, Anderson win 5km open water golds

Ho, Anderson win 5km open water golds

South African Chad Ho won the men's open water 5-kilometre gold medal at the World Swimming Championships in Kazan on Saturday. Ho clocked 55 minutes 17.6 seconds to take first place ahead of Germany's Rob Muffels in a photo finish. Matteo Furlan of Italy
Published 26 Jul, 2015 12:00am
Rain-hit Chittangong Test ends in draw

Rain-hit Chittangong Test ends in draw

The first cricket Test between Bangladesh and South Africa ended in a draw Saturday after rain washed out the fifth day's play in Chittagong. With no chance of a result in the weather-battered match, officials called off play at noon (0600 GMT). South Afr
Published 26 Jul, 2015 12:00am
Sreesanth, others get clearance over IPL fixing

Sreesanth, others get clearance over IPL fixing

A New Delhi court on Saturday cleared Test fast bowler Shanthakumaran Sreesanth and two other players of spot-fixing during the Indian Premier League, a lawyer and media reports said. Indian prosecutors had filed charges of cheating and conspiracy against
Published 26 Jul, 2015 12:00am
Froome almost assures second Tour de France victory

Froome almost assures second Tour de France victory

Chris Froome all but sewed up his second Tour de France victory after holding off a stirring fightback by Nairo Quintana on Alpe d'Huez on Saturday. "It really was a tough today but at the finish it was incredible, an incredible feeling and emotion," said
Published 26 Jul, 2015 12:00am
Broad backs England to recover in third Ashes Test

Broad backs England to recover in third Ashes Test

England paceman Stuart Broad insists the team's crushing 405-run defeat by Australia in the second Ashes Test at Lord's last week was not "the end of the world". The teams head to Edgbaston for the third Test of a five-match series starting on Wednesday w
Published 26 Jul, 2015 12:00am
Wahab Riaz out of Sri Lanka Twenty20

Wahab Riaz out of Sri Lanka Twenty20

Pakistan's cricket board said Saturday that paceman Wahab Riaz had ruled himself out of the team's two-match Twenty20 series against Sri Lanka due to an ongoing hand injury. The 30-year-old was named in the 15-man squad subject to complete recovery from t
Published 26 Jul, 2015 12:00am
Lavillenie soars to victory in London

Lavillenie soars to victory in London

Pole vault world record holder Renaud Lavillenie soared to a stadium record of 6.03m on the second day of the London Diamond League meeting on Saturday. There were also a clutch of national records set in the 2012 Olympic Stadium, notably in the women's 1
Published 26 Jul, 2015 12:00am
England drawn with Scotland in World Cup qualifying draw

England drawn with Scotland in World Cup qualifying draw

England will face old enemies Scotland in qualifying for the 2018 World Cup in Russia after they were paired together at a lavish draw ceremony in Saint Petersburg on Saturday. Both sides will also face Slovakia, Slovenia, Lithuania and Malta in Group F.
Published 26 Jul, 2015 12:00am
Migrants left looking for shelter as Greece struggles in crisis

Migrants left looking for shelter as Greece struggles in crisis

Aid workers called for emergency accommodation for hundreds of migrants who are camped out in the streets of the Greek capital as it struggles back from the brink of financial collapse. Hundreds of refugees from Afghanistan and Syria have set up temporary
Published 26 Jul, 2015 12:00am
Air Bagan plane skids off Myanmar runway

Air Bagan plane skids off Myanmar runway

A Myanmar passenger plane skidded off the runway on landing during heavy rain at Yangon International Airport, the carrier said on Saturday, leaving one injured. The Air Bagan ATR 72 twin-engine turboprop, carrying 49 passengers from the central city of M
Published 26 Jul, 2015 12:00am
Typhoon Halola cancels dozens of flights in Japan

Typhoon Halola cancels dozens of flights in Japan

A strong typhoon brought travel misery to Japan on Saturday as fierce winds and heavy rain caused the cancellation of dozens of domestic flights to the country's southwest island chain, Okinawa. Winds of almost 160 kilometres per hour (100 miles per hour)
Published 26 Jul, 2015 12:00am
Eight die in Nigeria from toxic fumes inhalation

Eight die in Nigeria from toxic fumes inhalation

Eight people died from inhaling toxic fumes on Saturday and some 100 others were hospitalised after an accidental blast hit a water treatment plant near Jos in central Nigeria, local officials said. A barrel of chlorine exploded in the Dogon Karfe plant i
Published 26 Jul, 2015 12:00am
Curtain goes up on world-famous Wagner festival

Curtain goes up on world-famous Wagner festival

German Chancellor Angela Merkel was among the illustrious guests who trod the red carpet to the Festspielhaus theatre in Bayreuth on Saturday, at the glittering start to this year's month-long opera festival dedicated to the works of Richard Wagner. Germa
Published 26 Jul, 2015 12:00am
Bahrain recalls its Iran envoy over 'hostile comments'

Bahrain recalls its Iran envoy over 'hostile comments'

Bahrain has decided to recall its ambassador to Tehran in protest at "hostile" comments by Iranian leaders, the official BNA news agency reported on Saturday. It said the Supreme Council for Islamic Affairs (SCIA) "strongly denounced the repeated blatant
Published 26 Jul, 2015 12:00am
Turkey strikes on Kurdish bases in Iraq puts truce in danger

Turkey strikes on Kurdish bases in Iraq puts truce in danger

Turkey's military Saturday carried out a new wave of air and artillery strikes against both Islamic State (IS) jihadists in Syria and Kurdish militants in northern Iraq, putting in jeopardy a fragile ceasefire with Turkish Kurds. The two-pronged operation
Published 26 Jul, 2015 12:00am
Warsaw hosts rival pro- and anti-migrant protests

Warsaw hosts rival pro- and anti-migrant protests

Two demonstrations were held in Warsaw Saturday, with participants in one welcoming migrants into their country while rival protesters chanted "no to migrants." "Today it's migrants, tomorrow it's terrorists," some 300 far-right protesters chanted, waving
Published 26 Jul, 2015 12:00am
Hungary to finish Serbia border fence by August 31

Hungary to finish Serbia border fence by August 31

Hungary will finish building its anti-migrant fence on its southern border with Serbia by August 31, ahead of a previous November deadline, Prime Minister Viktor Orban said Saturday. "The fence will be built by August 31, any schedules different from that
Published 26 Jul, 2015 12:00am
Bomb attacks in Iraq kill at least 12

Bomb attacks in Iraq kill at least 12

At least 12 people were killed on Saturday when two suicide bombers attacked a crowded swimming pool in northern Iraq, a local official and police sources said. The attacks in the town of Tuz Khurmatu, about 175 km (110 miles) north of the capital Baghdad
Published 26 Jul, 2015 12:00am
Burundi opposition chief calls for new elections

Burundi opposition chief calls for new elections

Burundi's main opposition leader Agathon Rwasa on Saturday denounced the third consecutive term win by President Pierre Nkurunziza and demanded fresh elections. Rwasa, who won 18.99 percent of the vote despite saying he was unable to properly campaign, sa
Published 26 Jul, 2015 12:00am
Tunisia adopts new anti-terror law

Tunisia adopts new anti-terror law

The Tunisian parliament adopted a new anti-terror law overnight Friday aimed at beefing up powers to confront a jihadist threat following deadly attacks but which has been slammed by rights groups as draconian. The law was adopted after three days of deba
Published 26 Jul, 2015 12:00am
UN asks South Sudan to allow aid flows on Nile

UN asks South Sudan to allow aid flows on Nile

South Sudan should lift restrictions on transporting aid supplies using the River Nile, a vital mode of movement in the war-torn country that has almost no proper roads, the United Nations' humanitarian chief said on Saturday. South Sudan, the world's new
Published 26 Jul, 2015 12:00am
Light trim for rough draft of climate pact

Light trim for rough draft of climate pact

Senior diplomats charged with condensing an unwieldy draft for a global climate rescue pact, due to be inked in December, handed in their much-anticipated homework on Friday. A near 90-page draft accord that has emerged from the 195-nation talks so far wa
Published 26 Jul, 2015 12:00am
Burkina Faso suspends 1,200 'irregular' civil service salaries

Burkina Faso suspends 1,200 'irregular' civil service salaries

The government of Burkina Faso announced Saturday it will cease paying over 1,200 civil service salaries - representing nearly one percent of the nation's public jobs - to battle alleged payroll fraud. Salaries paid to 1,213 civil servants found to be in
Published 26 Jul, 2015 12:00am
Cuba won respect of US, says Elian Gonzalez

Cuba won respect of US, says Elian Gonzalez

Cuba has won the respect of Washington, said Elian Gonzalez, who 15 years ago was at the center of a tug of war symbolizing tense ties between the two countries. Cuba and the United States restored diplomatic relations on July 20, ending a half century of
Published 26 Jul, 2015 12:00am
Chinese navy plays down South China Sea exercises

Chinese navy plays down South China Sea exercises

The Chinese navy played down recent military drills in the South China Sea and criticised other countries for "illegally" occupying islands in the area, the official Xinhua news service reported on Saturday. China has launched a naval drill in waters to t
Published 26 Jul, 2015 12:00am
Armenian troops kill Azerbaijani soldier

Armenian troops kill Azerbaijani soldier

Azerbaijan on Saturday accused arch-foe Armenia's troops of killing its soldier in a new clash amid a Western-mediated push to cauterise the protracted conflict in the South Caucasus. Friday's skirmish violating the brittle truce comes a day after the Org
Published 26 Jul, 2015 12:00am
South Korea removes statute of limitations on murder

South Korea removes statute of limitations on murder

South Korea has removed the time limit on prosecuting murderers, paving the way for further investigation of infamous cold cases, reports said Saturday. The National Assembly on Friday passed an amended criminal procedure law, removing the 25-year statute
Published 26 Jul, 2015 12:00am
Diver killed by shark in Australia

Diver killed by shark in Australia

A diver was killed by a shark Saturday while hunting scallops off the coast of Australia as his daughter watched helplessly, shocking locals in an area not known for such attacks. The attack happened off Maria Island in the southern island state of Tasman
Published 26 Jul, 2015 12:00am
Guyana says Venezuelan claim is threat to its survival

Guyana says Venezuelan claim is threat to its survival

Guyana's territorial dispute with neighboring Venezuela represents a threat to its very survival, President David Granger warned Friday in Washington. After a recent offshore oil find, the row between the two countries has escalated, with Venezuela laying
Published 26 Jul, 2015 12:00am
Clinton to testify publicly in October on Benghazi attack

Clinton to testify publicly in October on Benghazi attack

Hillary Clinton will testify publicly on October 22 before a congressional panel probing the deadly 2012 attack on the US consulate in Benghazi, Libya, her presidential campaign said Saturday. The attack left ambassador Chris Stevens dead, along with thre
Published 26 Jul, 2015 12:00am
Australian nurse arrested after return from Syria

Australian nurse arrested after return from Syria

An Australian nurse who allegedly worked alongside Islamic State militants has been arrested after voluntarily returning from Syria, police said Saturday. The Melbourne-based father-of-five, widely named as Islamic convert Adam Brookman, surrendered to Tu
Published 26 Jul, 2015 12:00am
Assad grants amnesty for draft dodgers, defectors

Assad grants amnesty for draft dodgers, defectors

President Bashar al-Assad granted an amnesty on Saturday for people in war-torn Syrian who have dodged service or defected from the army, state news agency SANA reported. According to SANA, Assad issued a decree "which grants a general amnesty to those wh
Published 26 Jul, 2015 12:00am
Thai government to buy 100,000 tonnes of palm oil

Thai government to buy 100,000 tonnes of palm oil

Thailand will buy 100,000 tonnes of crude palm oil from domestic producers between June and November using a government fund of 2.9 billion baht ($85.2 million), a senior government official said on Monday. Thailand is the world's third-largest palm oil p
Published 26 Jul, 2015 12:00am
Brazil starts exporting soya from new Northeast terminal

Brazil starts exporting soya from new Northeast terminal

Two soyabean cargoes have recently departed from a new terminal in northeast Brazil operated by VLI and local trader Multigrain, the latest option in the region as exporters look for alternatives to Brazil's overcrowded southern ports. A third ship carryi
Published 26 Jul, 2015 12:00am
Slowing China, supply gluts limit upside for commodities in Q3

Slowing China, supply gluts limit upside for commodities in Q3

A slowdown in China, a strong dollar and high inventories will limit the upside for commodity price performance in coming months, although leading fund managers still see pockets of value in areas such as refined oil products. The bearish cocktail could c
Published 26 Jul, 2015 12:00am
Opec oil output hits three-year high in June

Opec oil output hits three-year high in June

Opec oil supply in June has climbed to a three-year high due to record or near-record output from Iraq and Saudi Arabia, a Reuters survey found, underlining the focus of the group's top exporters on market share. The boost from the Organization of the Pet
Published 26 Jul, 2015 12:00am
Tin premium for nearby delivery surges

Tin premium for nearby delivery surges

Expectations of a tighter tin market over the next couple of months due to export rule changes in Indonesia and falling stocks have created a premium for metal for nearby delivery. The backwardation between cash tin and the three-month benchmark jumped to
Published 26 Jul, 2015 12:00am
Shaken investors to stay away from gold as confidence shatters
Currency

Shaken investors to stay away from gold as confidence shatters

Investors seeking alternative assets are moving on from gold, whose failure to perform when its price was expected to rise and recent volatility as demonstrated by Monday's price plunge are prompting them to seek returns and protection elsewhere. While th
Published 26 Jul, 2015 12:00am
US House passes anti-GMO labelling law

US House passes anti-GMO labelling law

The US House of Representatives on Thursday passed a hotly debated measure that blocks any mandatory labelling of foods made with genetically engineered crops, including pre-empting a state law set to take effect next year in Vermont.
Published 26 Jul, 2015 12:00am
Gold seen limping into year-end before 2016 recovery

Gold seen limping into year-end before 2016 recovery

Gold is expected to struggle for the rest of this year after sliding to five-year lows on expectations of higher US interest rates, before snapping three years of losses in 2016, a Reuters poll showed on Friday. The survey of 35 analysts and traders, cond
Published 26 Jul, 2015 12:00am
Gold price slumps as China bites; oil down
Currency

Gold price slumps as China bites; oil down

Gold prices hit multi-year low points this week, hit by a stronger dollar and weak Chinese demand. With metals prices generally weak, mining groups Anglo American and Lonmin on Friday announced plans to cut their headcounts by up to a combined 12,000 staf
Published 26 Jul, 2015 12:00am
26,899 rescued in Layyah

26,899 rescued in Layyah

About 26,899 people have been rescued from low-lying areas affected with flood through 89 boats free service. According to an official statement issued here Saturday, Provincial secretary for Auqaf, Sher Yar Sultan paid a visit to relief camps set up at S
Published 26 Jul, 2015 12:00am
Appointment of DPP's DG challenged

Appointment of DPP's DG challenged

A petition has been submitted in the Sindh High Court against the appointment of Dr Mubarik Ahmed as Director General, Department of Plant Protection (DPP). The office order issued by Ministry of National Food Security And Research stated that Dr Mubarik
Published 26 Jul, 2015 12:00am
BI&SE Faisalabad announces SSC results

BI&SE Faisalabad announces SSC results

Board of Intermediate & Secondary Education, Faisalabad, has announced the Results of Secondary School Annual Examination (2015) here Saturday. Announcing the Results, Dr Muhammad Zafar Iqbal Tahir Controller of Examinations said that 132,639 candidates a
Published 26 Jul, 2015 12:00am
PTI's sit-in was conspiracy against democracy: Abid

PTI's sit-in was conspiracy against democracy: Abid

Minister of State for Water and Power Abid Sher Ali has said the sit-in of Pakistan Tehreek-e-Insaf (PTI) was a conspiracy against democracy. Talking to a news channel, he said that PTI workers had attacked the Parliament House and Pakistan Television dur
Published 26 Jul, 2015 12:00am
19 people booked for breaking embankment

19 people booked for breaking embankment

At least 19 people were booked on charges of breaking an embankment at Qadra Kraik here Saturday. According to a handout issued by the district administration, the case was registered against eight identified and 10-11 unidentified people under section 32
Published 26 Jul, 2015 12:00am
Control room set up in Mithi to monitor flood situation

Control room set up in Mithi to monitor flood situation

District administration Tharparkar has set up a control room at Mithi to ensure coordination among different government departments, to share information and receive complaints in case of potential heavy monsoon rains and flooding, said deputy commissione
Published 26 Jul, 2015 12:00am
Altaf suspends Karachi Rabita Committee

Altaf suspends Karachi Rabita Committee

Muttahida Qaumi Movement chief Altaf Hussain has suspended the party's Karachi Rabita Committee (Coordination Committee) for what he called its members' inability to fulfil their responsibilities despite repeated assurances. In a statement published on th
Published 26 Jul, 2015 12:00am
Four bodies recovered from a house

Four bodies recovered from a house

Dead bodies of four people including women and a child were recovered from a house here on Saturday. Rescue sources said that bullet riddled bodies of three women and children were found in a house located in Sachal area of Karachi. The bodies were shifte
Published 26 Jul, 2015 12:00am
Imambargah trustee shot dead

Imambargah trustee shot dead

An Imambargah trustee was shot dead in Karachi's PIB Colony on Saturday in a suspected sectarian attack while he was on his way to Central Prison to attend a court hearing, police said. Syed Rais Jafferi, 57, was travelling on a motorcycle when armed pill
Published 26 Jul, 2015 12:00am
PML-N slams Chaudhry brothers' statement

PML-N slams Chaudhry brothers' statement

-A parliamentarian has reacted to a string of claims by some politicians opposing his PMLN-governing party, said that it is good for "those criticising the Punjab government who have written a new chapter of nepotism, loot and corruption". In his response
Published 26 Jul, 2015 12:00am
PPP Punjab urges ECP to hold LG polls as per schedule

PPP Punjab urges ECP to hold LG polls as per schedule

Pakistan People's Party Punjab President Manzoor Wattoo has demanded Election Commission of Pakistan to withdraw a petition seeking the postponement of the forthcoming Local Bodies' elections in the Punjab and Sindh, because of the floods. "If the electio
Published 26 Jul, 2015 12:00am
Audit cases - to select IT returns not filed within due date

Audit cases - to select IT returns not filed within due date

The Federal Board of Revenue (FBR) will select those income tax returns for audit not filed within the specified time period/due date. The FBR has explained the automatic selection for audit [Relevant Sections: New Section 214D] through an income tax circ
Published 26 Jul, 2015 12:00am
FBR empowered to appoint special audit panels

FBR empowered to appoint special audit panels

The Federal Board of Revenue (FBR) has been empowered to appoint special audit panels comprising officers of Inland Revenue, firm of chartered accountants, firm of cost accountants or any other person as approved/appointed by the Board. Under an income ta
Published 26 Jul, 2015 12:00am
Reopening of big industrial units in Bara decided

Reopening of big industrial units in Bara decided

A high-level meeting, held here with Governor Khyber Pakhtunkhwa Sardar Mahtab Ahmed Khan in the chair at the Governor's House, Peshawar on Saturday, decided to reopen the big industrial units at Bara, Khyber Agency. All the small industrial units in Bara
Published 26 Jul, 2015 12:00am
Countering terrorism is Pakistan's top priority: Fatemi

Countering terrorism is Pakistan's top priority: Fatemi

The Special Assistant to the Prime Minister on Foreign Affairs, Syed Tariq Fatemi has said that fighting terrorism and extremism will also remain Pakistan's top priority. Speaking at the Heritage Foundation, Washington DC on "Promoting Regional Peace, Sec
Published 26 Jul, 2015 12:00am
Charikot Sector: unprovoked Indian firing leaves one injured

Charikot Sector: unprovoked Indian firing leaves one injured

At least one person sustained severe wounds in another ceasefire violation along the Line of Control in Rawalakot on Saturday. As per details, Indian troops resorted to unprovoked firing in Charikot Sector and injured one person who has been shifted to th
Published 26 Jul, 2015 12:00am
August 4 to be observed as Yaum-e-Shuhada Police: KP IGP

August 4 to be observed as Yaum-e-Shuhada Police: KP IGP

The Inspector General of Police (IGP) Khyber Pakhtunkhwa Nasir Khan Durrani has decided to observe Sifwat Ghayour martyrdom day ie 4th August as Khyber Pakhtunkhwa police Yum-e-Shuhadda day every year. Additional IGP Head Quarters Mian Muhammad Asif has b
Published 26 Jul, 2015 12:00am
FWO to reconstruct flood-hit infrastructures in Chitral

FWO to reconstruct flood-hit infrastructures in Chitral

The provincial government of Khyber Pakhtunkhwa has decided the completion of the repairing and reconstruction of damaged communications and other facilities through Frontier Works Organization (FWO). For this purpose consensus has been developed among KP
Published 26 Jul, 2015 12:00am
Court stays execution of mentally-ill convict

Court stays execution of mentally-ill convict

-The District and Sessions Court on Saturday stayed the execution of a mentally ill convict till July 30. A law firm Justice Project Pakistan, represented the case of condemned Khizar Hayat on behalf his mother, Iqbal Bano. The convict's counsel told the
Published 26 Jul, 2015 12:00am
PTI, DJ Butt settle payment issue

PTI, DJ Butt settle payment issue

Pakistan Tehreek-e-Insaf (PTI) on Saturday has given sit-ins-fame DJ Butt a cheque worth Rs 2.5 million. Earlier, Butt had served a notice to the party for undue delay in matter of payment for services during sit-ins at D-Chowk. He had criticised the part
Published 26 Jul, 2015 12:00am
Flood-hit areas of Chitral: PAF's C-130 airlifts relief goods

Flood-hit areas of Chitral: PAF's C-130 airlifts relief goods

On the instructions of the Government of Pakistan, the PAF is undertaking rescue and relief operations in the flood affected areas of Chitral. PAF C-130 aircraft carrying relief goods landed at Chitral on Saturday. While on its way back to PAF Base Nur Kh
Published 26 Jul, 2015 12:00am
FCCI chief for early completion of Pak-Iran gas project

FCCI chief for early completion of Pak-Iran gas project

President, FCCI, Engineer Rizwan Ashraf, has stressed upon the government for early completion of Pak-Iran gas project so that Pakistan could get 750MMCF gas positively before the coming winter season when the entire indigenous gas will be diverted to the
Published 26 Jul, 2015 12:00am
BISE Lahore announces results

BISE Lahore announces results

The Board of Intermediate and Secondary Education (BISE) Lahore has announced the results of all candidates appeared in Secondary School Examination 2015 here on Saturday. A total number of 192,844 candidates appeared in the Secondary School Certificate e
Published 26 Jul, 2015 12:00am
Shahbaz for filling breach in embankment

Shahbaz for filling breach in embankment

Punjab Chief Minister Shahbaz Sharif has ordered to fill the breach in the bund at Jakhar Imam Shah, Dera Ghazi Khan at the earliest. The Chief Minister has directed Irrigation Department and district administration to take all out measures and carry out
Published 26 Jul, 2015 12:00am
Saad advises Imran to learn lesson from report

Saad advises Imran to learn lesson from report

-Federal Minister for Railways Khawaja Saad Rafique has said PTI chief Imran Khan should learn lesson from the decision of Judicial Commission made on the general elections rigging. Talking to the media, he said Imran Khan "lacks a deep understanding of s
Published 26 Jul, 2015 12:00am
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