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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-08-05
Most Gulf markets fall after oil tumbles

Most Gulf markets fall after oil tumbles

Most major Gulf stock markets fell on Tuesday after Brent oil tumbled 5 percent, briefly falling below $50 per barrel, although some supportive economic and corporate news softened the blow. Saudi Arabia's main index edged down 0.6 percent as petrochemica
Published 05 Aug, 2015 12:00am
Sri Lankan shares slip from near six-month high on profit-taking

Sri Lankan shares slip from near six-month high on profit-taking

Sri Lankan shares fell on Tuesday from their highest in nearly six months as investors took profits after a four-day rally on hopes of political stability after the August 17 parliamentary elections, brokers said. The index had gained 6 percent in nearly
Published 05 Aug, 2015 12:00am
Indian shares snap four-day winning streak

Indian shares snap four-day winning streak

Indian stocks ended their four-session winning streak on Tuesday, with IT stocks leading the decline as investors turned cautious after the central bank left key rates unchanged. The BSE index ended 0.41 percent lower, while the NSE index shed 0.31 percen
Published 05 Aug, 2015 12:00am
Early trade in New York: Wall Street lower

Early trade in New York: Wall Street lower

Wall Street fell on Tuesday as Apple's shares remained under pressure, hitting their lowest in more than six months, and investors digested earnings reports from a host of companies. The iPhone maker's shares fell as much as 4.4 percent to $113.25, slippi
Published 05 Aug, 2015 12:00am
Weak oil prices, China worries drag Wall Street lower

Weak oil prices, China worries drag Wall Street lower

Wall Street ended lower on Monday as tumbling oil prices dragged energy shares to a three-year low and factory data from China raised concerns about the world's second-biggest economy. Energy stocks were the biggest losers among the main S&P sectors. Exxo
Published 05 Aug, 2015 12:00am
Vietnam index falls 1.4 percent

Vietnam index falls 1.4 percent

Vietnam's benchmark VN Index ended down 1.43 percent on Tuesday to close at 600.76, the lowest level since July 1, with most large caps losing ground in low volume. Heavy rains in northern Vietnam that inundated major coal mines over the past week have in
Published 05 Aug, 2015 12:00am
Longer-dated yields slide on ISM data, inflation outlook

Longer-dated yields slide on ISM data, inflation outlook

US benchmark and long-dated Treasury yields hit their lowest levels in over two months on Monday on weak US economic data and a muted inflation outlook, while declines in short-dated yields were limited ahead of a key US jobs report. The data on factory o
Published 05 Aug, 2015 12:00am
Longer-dated yields slide on ISM data, inflation outlook

Longer-dated yields slide on ISM data, inflation outlook

US benchmark and long-dated Treasury yields hit their lowest levels in over two months on Monday on weak US economic data and a muted inflation outlook, while declines in short-dated yields were limited ahead of a key US jobs report. The data on factory o
Published 05 Aug, 2015 12:00am
China stock exchanges step up crackdown on short-selling

China stock exchanges step up crackdown on short-selling

China stepped up a crackdown on short-selling of shares on Tuesday, unveiling rules that make it harder for speculators to profit from hourly price changes, as some of the nation's major brokerages suspended their short-selling businesses. China's stock e
Published 05 Aug, 2015 12:00am
European shares hurt by disappointing earnings

European shares hurt by disappointing earnings

European stock markets lost ground on Tuesday, with French bank Credit Agricole among the worst performers after reporting results, and energy stocks hit by weak oil prices. The pan-European FTSEurofirst 300 index was down 0.2 percent at 1,580.93 at the c
Published 05 Aug, 2015 12:00am
Greek market recovers some poise, but banks hammered again

Greek market recovers some poise, but banks hammered again

Greece's banking stocks plunged for the second day in a row on Tuesday, holding down the main Athens index which otherwise turned the corner after the previous day's record rout. Nineteen of the exchange's 25 bluechip stocks rose on the day, and the main
Published 05 Aug, 2015 12:00am
Hong Kong shares end flat

Hong Kong shares end flat

Hong Kong stocks were steady on Tuesday as anxiety ahead of earning reports tempered by a rally in China's main indexes as Beijing ramped up its efforts to stabilise mainland markets. The Hang Seng index ended almost flat, down 0.02 percent at 24,406.12 p
Published 05 Aug, 2015 12:00am
Southeast Asia Stocks: Mostly down; Thailand, Malaysia shares snap gains

Southeast Asia Stocks: Mostly down; Thailand, Malaysia shares snap gains

Most Southeast Asian stock markets fell on Tuesday, with the Thai index snapping a three-day rising streak as a weak economy dashed hopes of strong corporate earnings while the Malaysian index retreated as investors cashed quick gains in telecoms. The Tha
Published 05 Aug, 2015 12:00am
FTSE 100 ends day flat, broadly in line with Europe

FTSE 100 ends day flat, broadly in line with Europe

Top UK shares ended Tuesday on a flat note, with the market pegged back by a mixed bag of corporate earnings and a $30-billion bid from drugmaker Shire to buy rival Baxalta. The UK market performed broadly in line with European peers, even after news that
Published 05 Aug, 2015 12:00am
Egyptian pound steady at official auction, exchange bureaus
Currency

Egyptian pound steady at official auction, exchange bureaus

Egypt's central bank kept the Egyptian pound steady at 7.73 per dollar at a foreign exchange auction on Tuesday after a depreciation earlier last month. The pound was steady at currency exchange bureaus. The central bank said it had offered $40 million an
Published 05 Aug, 2015 12:00am
Commodity currencies rise, Aussie up after RBA shifts tone
Currency

Commodity currencies rise, Aussie up after RBA shifts tone

Major currencies closely linked to commodities prices recovered some ground on Tuesday after a rough few weeks as oil prices steadied and Australia's central bank changed its tone. The Aussie dollar rose 1.5 percent to its highest in a fortnight after the
Published 05 Aug, 2015 12:00am
Dollar flat, commodity currencies rise with oil
Currency

Dollar flat, commodity currencies rise with oil

The dollar was little changed against a basket of currencies on Tuesday following a batch of disappointing economic data, while currencies tied to commodities rebounded on a stabilisation in oil and metal prices that had fallen sharply in recent weeks. Th
Published 05 Aug, 2015 12:00am
Yuan stays flat as central bank signals stability
Currency

Yuan stays flat as central bank signals stability

China's yuan was flat against the dollar on Tuesday after the central bank set the official guidance rate almost unchanged, sending a message that monetary authorities wish to see the currency steady for the moment, traders said. The People's Bank of Chin
Published 05 Aug, 2015 12:00am
Ringgit slides to pre-peg levels on commodity rout
Currency

Ringgit slides to pre-peg levels on commodity rout

Malaysia's ringgit slumped on Tuesday, returning to the pre-peg levels seen during the Asian financial crisis, as falling commodity prices hurt confidence further. Most emerging Asian currencies turned firmer on a rise in the Australian dollar after the R
Published 05 Aug, 2015 12:00am
Bangladesh interbank forex, interest rates

Bangladesh interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 77.80-77.80 (previous 77.80-77.80); Call Money Rates: 05.30-6.50 percent (Previous 05.30-06.50 percent).
Published 05 Aug, 2015 12:00am
Sterling drops on UK construction PMI miss, awaits BoE
Currency

Sterling drops on UK construction PMI miss, awaits BoE

Sterling dipped against the dollar and euro on Tuesday, after growth in Britain's construction industry slowed unexpectedly in July, but losses were limited as investors focus on a Bank of England policy meeting on Thursday. The monthly Markit/CIPS UK con
Published 05 Aug, 2015 12:00am
Russian rouble gains against dollar on higher oil prices
Currency

Russian rouble gains against dollar on higher oil prices

The Russian rouble strengthened on Tuesday, supported by an upturn in oil prices, after hitting new five-month lows in the previous session. Oil prices have fallen more than 3 percent this week on oversupply worries, pushing the rouble to its weakest agai
Published 05 Aug, 2015 12:00am
Chelsea trust in continuity as season dawns

Chelsea trust in continuity as season dawns

It is a reflection of Chelsea's dominance last season that although they are yet to strengthen their squad, they remain strong favourites to retain the Premier League title in 2015-16. Arsenal, third last season, appear better-equipped for a title tilt, w
Published 05 Aug, 2015 12:00am
ICCI to set up sports development fund

ICCI to set up sports development fund

Islamabad Chamber of Commerce and Industry (ICCI) on Tuesday said the chamber has planned to set up a sports development fund to support the needy athletes. Addressing a press conference here, the ICCI Acting President Ashfaq Chatta that the fund would be
Published 05 Aug, 2015 12:00am
North Korea beat China 3-2 at women's East Asia Cup

North Korea beat China 3-2 at women's East Asia Cup

North Korea beat China 3-2 at the women's East Asian Cup in Wuhan on Tuesday, meaning the team will now face off with political foe South Korea in the finals. Early goals by Kim Yun-Mi and Wi Jong-Sim put North Korea ahead, while China gained some momentu
Published 05 Aug, 2015 12:00am
De Villiers back for New Zealand series

De Villiers back for New Zealand series

AB de Villiers will return from paternity leave for South Africa's Twenty20 and one-day international matches against New Zealand later this month. De Villiers missed the recent rain-hit Test series against Bangladesh in order to be with his wife when she
Published 05 Aug, 2015 12:00am
Batting opens up road for New Zealand victory

Batting opens up road for New Zealand victory

Openers Martin Guptill and Tom Latham both struck centuries as New Zealand crushed Zimbabwe by 10 wickets in the second one-day international on Tuesday to set up a series decider. Chasing 236 to level the three-match series at Harare Sports Club, Guptill
Published 05 Aug, 2015 12:00am
Torres scores with first touch in Atletico win

Torres scores with first touch in Atletico win

Fernando Torres scored with his first touch as Atletico Madrid cruised to a 3-0 exhibition match victory over Sven-Goran Eriksson's Shanghai International Port Group (SIPG) in China on Tuesday. The former Liverpool and Chelsea striker came on at half-time
Published 05 Aug, 2015 12:00am
Marseille set to make Casco latest signing

Marseille set to make Casco latest signing

Argentina defender Milton Casco is set to complete a move from Newell's Old Boys to Marseille, the French club announced on Tuesday. "The final details will be dealt with in the coming hours," said Marseille on their official website, with local media say
Published 05 Aug, 2015 12:00am
Mushahid Ullah praises Shoaib Akthar

Mushahid Ullah praises Shoaib Akthar

Minister for Climate Change Mushahid Ullah Khan has said having a cricketer like Shoaib Akthar from Rawalpindi is an honour for us. While speaking at a reception organised by Islamabad Cricket Association (ICA) in honor of Pakistani Twenty20 cricketer Ima
Published 05 Aug, 2015 12:00am
Make or break for 'lost' Clarke: Aussie media

Make or break for 'lost' Clarke: Aussie media

Australia captain Michael Clarke's Test career could be over if he fails with the bat during the fourth Test at Trent Bridge, Australian media said Tuesday, saying he looks 'lost' and knows the end is near. Scores of 10 and three during Australia's eight-
Published 05 Aug, 2015 12:00am
Johnson revels in 'compliment' of crowd abuse

Johnson revels in 'compliment' of crowd abuse

Australia fast bowler Mitchell Johnson has insisted he is relishing the role of being the man English crowds love to hate. Johnson was subjected to prolonged vocal abuse as England won the third Ashes Test by eight wickets inside three days at Birmingham'
Published 05 Aug, 2015 12:00am
Sarfraz will get a chance in next series: Afridi

Sarfraz will get a chance in next series: Afridi

Pakistan Twenty20 team's skipper Shahid Afridi said Srafraz Ahmed will get a chance in next series. Talking to private news channels, the T-20 Captain said Sarfraz Ahmed is vice captain of One Day side and a match winning player. Afridi said, he was very
Published 05 Aug, 2015 12:00am
German chief prosecutor sacked in media treason row

German chief prosecutor sacked in media treason row

Germany's justice minister on Tuesday fired the chief prosecutor in an escalating row sparked by a controversial treason case against a blog accused of revealing state secrets. Justice Minister Heiko Maas said he had lost confidence in the chief prosecuto
Published 05 Aug, 2015 12:00am
Sri Lanka to act on UN war crimes report

Sri Lanka to act on UN war crimes report

Sri Lanka Tuesday pledged to act on a UN war crimes report to be published next month, marking a de facto acceptance of an investigation rejected by the previous regime. Prime Minister Ranil Wickremesinghe said Colombo would address the issues likely to b
Published 05 Aug, 2015 12:00am
UN says Arab League open to Yemen monitoring mission

UN says Arab League open to Yemen monitoring mission

The United Nations said Tuesday the Arab League had indicated it would consider sending peace monitors to conflict-torn Yemen if a ceasefire was agreed, as pro-government forces made further gains. The comments came after the UN's envoy to Yemen, Ismail O
Published 05 Aug, 2015 12:00am
Loyalists retake Yemen's biggest airbase in new blow to rebels

Loyalists retake Yemen's biggest airbase in new blow to rebels

Pro-government forces backed by a Saudi-led coalition retook Yemen's biggest airbase from Iran-backed rebels on Tuesday in a significant new gain after recapturing second city Aden last month. Their seizure of Al-Anad base in a 24-hour assault using heavy
Published 05 Aug, 2015 12:00am
11 killed in Guinea-Bissau building collapse

11 killed in Guinea-Bissau building collapse

A four-storey building in Guinea-Bissau has collapsed, killing 11 people including two babies, a hospital source and a local resident told AFP on Tuesday. The accident took place Monday in the town of Canchungo to the north of the impoverished west Africa
Published 05 Aug, 2015 12:00am
Nato halves Baltic air policing mission

Nato halves Baltic air policing mission

Nato on Tuesday said that from September it will reduce its air patrols over the Baltic states, which it stepped up amid concern over Russia's activity in the region. "As of the 1st of September Nato will have eight aircraft assigned to the Baltic air pol
Published 05 Aug, 2015 12:00am
Myanmar asks for international aid as flood misery spreads

Myanmar asks for international aid as flood misery spreads

Myanmar formally appealed Tuesday for international help in tackling massive floods with rescuers struggling to reach isolated regions, as rain-battered Asian nations counted the rising cost of this year's monsoon. Flash floods and landslides in Myanmar h
Published 05 Aug, 2015 12:00am
South China Sea tensions flare at Asia security talks

South China Sea tensions flare at Asia security talks

Southeast Asian diplomats said Tuesday that China's controversial island-building drive is raising regional tensions, with the Philippines slamming its "unilateral and aggressive activities". The US and some Southeast Asian states have watched with growin
Published 05 Aug, 2015 12:00am
India's July Iran oil imports edge up from a year ago

India's July Iran oil imports edge up from a year ago

India's oil imports from Iran rose 2.4 percent in July from a year ago, with some of the shipments among the first after a landmark deal that will allow Tehran to boost its exports in return for curbing its disputed nuclear programme. Following the deal w
Published 05 Aug, 2015 12:00am
Israel arrests second suspected Jewish extremist

Israel arrests second suspected Jewish extremist

A second suspected Jewish extremist was arrested Tuesday in Israel following the firebombing of a Palestinian home that burned a baby alive, the Shin Bet internal security force said. Israel on Monday arrested Meir Ettinger, whose grandfather Meir Kahane
Published 05 Aug, 2015 12:00am
EU, US urge Turkey restraint amid PKK onslaught

EU, US urge Turkey restraint amid PKK onslaught

Europe and the United States on Tuesday urged Turkey to show a "proportionate response" in the face of daily attacks by Kurdish militants amid growing concern over the scale of Ankara's air campaign against the rebels. Two more Turkish soldiers were kille
Published 05 Aug, 2015 12:00am
Inventor of modern ventilator dies at 94

Inventor of modern ventilator dies at 94

Forrest Bird, an American aviator who helped save countless lives by inventing the first modern ventilator, has died at the age of 94. Bird passed away at his home in Sagle, Idaho on Sunday, the American Association for Respiratory Care (AARC) said in a s
Published 05 Aug, 2015 12:00am
Italy in favour of a European Monetary Fund

Italy in favour of a European Monetary Fund

Italy is in favour of tighter European integration and the creation of a European Monetary Fund, its finance minister said Tuesday. "The monetary union will sooner or later have to be based on common elements... in my opinion a European monetary fund, an
Published 05 Aug, 2015 12:00am
Italy in favour of a European Monetary Fund

Italy in favour of a European Monetary Fund

Italy is in favour of tighter European integration and the creation of a European Monetary Fund, its finance minister said Tuesday. "The monetary union will sooner or later have to be based on common elements... in my opinion a European monetary fund, an
Published 05 Aug, 2015 12:00am
Rajoy urges high turnout in Catalan elections to counter separatists

Rajoy urges high turnout in Catalan elections to counter separatists

Spanish Prime Minister Mariano Rajoy on Tuesday urged a big turnout in a regional election in Catalonia next month to counter separatists who want to turn the election into a vote on independence. "These are important elections and I want to say to everyo
Published 05 Aug, 2015 12:00am
Netanyahu hits at Iran deal 'disinformation'

Netanyahu hits at Iran deal 'disinformation'

Israeli Prime Minister Benjamin Netanyahu hit out at "disinformation" from supporters of the Iran nuclear deal Tuesday, personally calling on US Jewish groups to thwart the White House-backed agreement. In a webcast hosted by Jewish American groups and br
Published 05 Aug, 2015 12:00am
Croatia celebrates, Serbia mourns military operation 20 years on

Croatia celebrates, Serbia mourns military operation 20 years on

Zagreb cheered and Belgrade wept on Tuesday as they marked the 20th anniversary of Operation Storm, which ended the war sparked by Croatia's proclamation of independence from ex-Yugoslavia and sparked an exodus of Croatian Serbs. Croatia was due to start
Published 05 Aug, 2015 12:00am
Baby born at World Trade Center, first since 9/11

Baby born at World Trade Center, first since 9/11

A New York woman delivered a healthy baby girl at the World Trade Center commuter station on Tuesday, the first birth at the site since the 9/11 attacks, officials said. The woman from Queens, who went into labour at full term, gave birth at the World Tra
Published 05 Aug, 2015 12:00am
Qadhafi loyalists stage rare protest in eastern Libya

Qadhafi loyalists stage rare protest in eastern Libya

Supporters of toppled Libyan dictator Muammar Qadhafi staged a rare demonstration in the eastern city of Benghazi on Tuesday, shouting "Muammar, Muammar", but dispersed after opponents opened fire with guns and hurled rocks. No-one appeared to have been h
Published 05 Aug, 2015 12:00am
Ukraine's debt faces 'high risks': IMF

Ukraine's debt faces 'high risks': IMF

The IMF, which recently released a loan instalment for Ukraine, said Tuesday it views the country's debt as sustainable but facing "exceptionally high" risks linked notably to the pro-Russian conflict. The International Monetary Fund, in a report on Ukrai
Published 05 Aug, 2015 12:00am
Ukraine leader calls in generals after failed peace talks

Ukraine leader calls in generals after failed peace talks

Ukrainian President Petro Poroshenko convened his top generals Tuesday to discuss the latest failed peace talks with pro-Russian militias, aimed at stemming clashes that saw seven troops killed in another wave of attacks. Poroshenko has found himself trap
Published 05 Aug, 2015 12:00am
Westminster under suspicion as former PM faces child abuse claim

Westminster under suspicion as former PM faces child abuse claim

Allegations linking former prime minister Edward Heath to child sex abuse threatened fresh disgrace for Britain's political establishment Tuesday as claims of high-level historic paedophilia pile up. Heath led Britain between 1970 and 1974, taking it into
Published 05 Aug, 2015 12:00am
Qualified praise for Obama's clean power plan

Qualified praise for Obama's clean power plan

President Barack Obama's plan to slash electricity-generated CO2 emissions was welcomed Tuesday as a courageous step towards a lower-carbon future, but not yet enough to brake dangerous planet warming. Politicians and analysts said Obama's Clean Power Pla
Published 05 Aug, 2015 12:00am
International outcry after Burundian rights activist shot

International outcry after Burundian rights activist shot

The attempted killing of a leading Burundian human rights activist, shot in the face by a gunman, triggered international outrage and concern on Tuesday. Pierre-Claver Mbonimpa, who publicly opposed President Pierre Nkurunziza's controversial and successf
Published 05 Aug, 2015 12:00am
Dangerous buildings' case: SHC issues notices

Dangerous buildings' case: SHC issues notices

The Sindh High Court (SHC) on Tuesday issued notices to Sindh's Home, Finance and local government secretaries, Director General Sindh Building Control Authority (SBCA) and other respondents in response to a petition seeking to provide alternative places
Published 05 Aug, 2015 12:00am
One killed, four injured in Karachi

One killed, four injured in Karachi

A man was killed while four others, including a girl injured, in separate incidents of violence, here on Tuesday. According to police and rescue sources, Ibrahim Ahmad, son of Anwar Ahmad, was shot and killed by unidentified men in Orangi Town No 10. The
Published 05 Aug, 2015 12:00am
ICMA challenges registration, status of CIMA-UK

ICMA challenges registration, status of CIMA-UK

The Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) has made a formal request to the Securities and Exchange Commission of Pakistan (SECP) challenging registration and legitimate status of CIMA, UK's branch office operations and a
Published 05 Aug, 2015 12:00am
Rehabilitation of flood victims: KP hints at diverting ADP funds

Rehabilitation of flood victims: KP hints at diverting ADP funds

Khyber Pakhtunkhwa was Tuesday told that the provincial government is diverting maximum funds for the rehabilitation of the flood affected districts and in case of the shortage of resources is even ready for the suspension of annual development program (A
Published 05 Aug, 2015 12:00am
Hot, humid weather forecast

Hot, humid weather forecast

The Met office on Tuesday forecast hot and humid weather for the most parts of the country in the next 24 hours. However, it said that rain-thundershower was likely at isolated places in Rawalpindi, Sargodha, Gujranwala, Lahore, Sahiwal, Peshawar, Mardan,
Published 05 Aug, 2015 12:00am
KMC yet to benefit from parking plaza project

KMC yet to benefit from parking plaza project

Karachi Metropolitan Corporation (KMC) is yet to get benefit of its multi-stories car parking plaza situated at New Preedy Street, Saddar, though this project was completed about eight years ago. The multi-million CDGK car parking plaza, the first modern
Published 05 Aug, 2015 12:00am
Pakistan Services Limited

Pakistan Services Limited

Pakistan Services Limited (PSEL) is playing a key role in the corporate circle of Pakistan for over 50 years. The company was incorporated in 1958 at KSE as a publicly traded company. It is principally engaged in the hotel business and owns and operates t
Published 05 Aug, 2015 12:00am
Pakistan Services Limited

Pakistan Services Limited

Pakistan Services Limited (PSEL) is playing a key role in the corporate circle of Pakistan for over 50 years. The company was incorporated in 1958 at KSE as a publicly traded company. It is principally engaged in the hotel business and owns and operates t
Published 05 Aug, 2015 12:00am
One dead, two hurt as house collapses in Khyber Agency

One dead, two hurt as house collapses in Khyber Agency

At least one person died and two others were injured when roof of a house collapsed here on Tuesday. Political administration sources said that roof of a dilapidated mud-stone made house situated near Jamrud Bazaar suddenly came down as the area received
Published 05 Aug, 2015 12:00am
Flash floods NDMA reports 33 more deaths

Flash floods NDMA reports 33 more deaths

About 151 people lost their lives due to countrywide flash floods and the National Disaster Management Authority (NDMA) on Tuesday reported 33 more deaths. The data released by the NDMA said that the devastating floods triggered by monsoon rains have kill
Published 05 Aug, 2015 12:00am
Solvent extractors: FBR approached against tax demand by LTU Karachi

Solvent extractors: FBR approached against tax demand by LTU Karachi

The solvent extraction industry has requested the Federal Board of Revenue (FBR) to restrain Large Taxpayer Unit (LTU) Karachi from not allowing input tax adjustment paid at the time of import of seed against the output tax charged on extracted edible oil
Published 05 Aug, 2015 12:00am
Lucky Cement wins 4 gold medals in KPCCI Awards

Lucky Cement wins 4 gold medals in KPCCI Awards

Lucky Cement Limited has been awarded the top position in the industrial sector by Khyber-Pakhtunkhwa Chamber of Commerce and Industry (KPCCI), in its Business Excellence Awards 2013-14. The cement giant won awards in four industrial sector categories nam
Published 05 Aug, 2015 12:00am
'Altaf must not make irresponsible statements'

'Altaf must not make irresponsible statements'

In a time when the country is faced with many internal and external challenges, statements from Altaf Hussain are representative of his anti-patriotic mentality. These thoughts were expressed by Member of National Assembly Asfanyar Bhandara in a statement
Published 05 Aug, 2015 12:00am
Altaf denies making any appeal to India

Altaf denies making any appeal to India

MQM Leader Altaf Hussain has said that he never made any appeal to the Indian Army or Indian Government to save Mohajirs in Pakistan from oppression in his address on the occasion of the 19th Annual Convention of MQM in Dallas, USA. "People who are allegi
Published 05 Aug, 2015 12:00am
Government gives priority to develop Balochistan: Prime Minister

Government gives priority to develop Balochistan: Prime Minister

Prime Minister Muhammad Nawaz Sharif on Tuesday said his government had given priority to development in Balochistan as the province would play a central role in progress of the country. Talking to Chief Minister Balochistan Dr Abdul Malik Baloch who call
Published 05 Aug, 2015 12:00am
Government moves towards introducing reforms in FATA: KP Governor

Government moves towards introducing reforms in FATA: KP Governor

Governor Khyber Pakhtunkhwa, Sardar Mahtab Ahmad Khan has said that the government had embarked upon a program to introduce certain reforms to lead them towards an administrative integration. He said those reforms were making Levies more of a policing for
Published 05 Aug, 2015 12:00am
Abbottabad to have capital market business hub
Mutual Funds

Abbottabad to have capital market business hub

On the recommendation of the Securities and Exchange Commission of Pakistan (SECP), it has been decided to establish a capital market business hub in Abbottabad. It is being done to expand the outreach of the capital market. The SECP Chairman, Zafar Hijaz
Published 05 Aug, 2015 12:00am
PITAF urges Prime Minister to resolve controversial WHT issue

PITAF urges Prime Minister to resolve controversial WHT issue

The Pakistan Industrial and Traders Associations Front (PITAF) has urged the premier to resolve the controversial withholding tax case and earned that the current squeal of strikes could have a negative impact the national economy. Front Chairman Irfan Iq
Published 05 Aug, 2015 12:00am
PEF is best example of PPP in education sector: chairman

PEF is best example of PPP in education sector: chairman

Chairman of Punjab Education Foundation (PEF) Engineer Qamarul Islam Raja while meeting World Bank delegation here on Tuesday said that PEF is the best example of the public private partnership in education sector as it has strengthened low-cost private s
Published 05 Aug, 2015 12:00am
Qatar Airways hosts signature event in Multan

Qatar Airways hosts signature event in Multan

Qatar Airways hosted a signature event in Multan, to celebrate its rapid expansion in Pakistan, with new flights launched to Multan, Sialkot and Faisalabad on August 2, July 16 and July 17, respectively. The Dinner, which was attended by more than 150 gue
Published 05 Aug, 2015 12:00am
Network of terrorists unearthed, five held: Punjab home minister

Network of terrorists unearthed, five held: Punjab home minister

Punjab Home Minister Colonel Shuja Khanzada (Retd) Tuesday said that joint teams of Pakistan Army and law enforcement agencies under the National Action Plan (NAP) had succeeded to unearth and neutralise an important network of terrorists by arresting its
Published 05 Aug, 2015 12:00am
Child reunites with parents

Child reunites with parents

The National Highways and Motorway Police, Central Zone (NH&MP) has handed over the child to his parents. The child was found on National Highways. The Motorway Police patrolling Officers Sarfraz and Abdul Jabbar during patrolling near Beat 24 area observ
Published 05 Aug, 2015 12:00am
'Chinese investment to promote cotton industry'
Cotton

'Chinese investment to promote cotton industry'

The Punjab agriculture minister has claimed that Chinese investment in the backward areas of the province will not only help tackle unemployment but also promote the latest cotton industry. Minister Farrukh Javed talking to reporters on Tuesday while insp
Published 05 Aug, 2015 12:00am
'Punjab Saaf Pani Project': CM Punjab reviews pace of progress

'Punjab Saaf Pani Project': CM Punjab reviews pace of progress

Shahbaz Sharif on Tuesday chaired a meeting to review the progress on the Punjab Saaf Pani Project. In a speech in the meeting, the chief minister told his audience, "This project is directly linked to the public health and in view of its importance the p
Published 05 Aug, 2015 12:00am
Gandhara Hindko Academy shares culture promotion plans

Gandhara Hindko Academy shares culture promotion plans

The Gandhara Hindko Academy arranged a gathering and shared the Hindko language and culture promotion plans with the people from various sections of the society. Executive Committee members of the Gandhara Hindko Board, that runs the academy, professors f
Published 05 Aug, 2015 12:00am
PDMA providing meals to 0.1 million people

PDMA providing meals to 0.1 million people

A spokesman of Provincial Disaster Management Authority Punjab has said that 19600 tents, 114000 food hampers, 72000 mineral water bottles, 15550 mosquito nets and 10050 plastic mats have been distributed among the flood affectees of six districts so far.
Published 05 Aug, 2015 12:00am
Shahbaz for survey to assess post-flood damages

Shahbaz for survey to assess post-flood damages

The Punjab chief minister has told the administration to launch a quick survey to assess the post-flood damages. "The administration of concerned districts should immediately carry out the survey of affected houses and crops in the light of survey of loss
Published 05 Aug, 2015 12:00am
Guddu and Sukkur Indus River still in high flood

Guddu and Sukkur Indus River still in high flood

According to latest meteorological and hydrological conditions observed by Flood Forecasting Division(FFD) Lahore the mighty Indus remained in very high flood level at Guddu and Sukkur barrages for the third consecutive day on Tuesday with respective wate
Published 05 Aug, 2015 12:00am
Supreme Court dismisses pre arrest bail of cleric

Supreme Court dismisses pre arrest bail of cleric

The Supreme Court has dismissed a pre-arrest bail of a cleric charged with a hate speech case that also involves anti-Shahdara police incitement. The police booked Maulana Ashraf Shakir under section 7 of the Anti-Terrorism Act and other provisions of law
Published 05 Aug, 2015 12:00am
CNG sector: FBR accused of collecting illegal taxes

CNG sector: FBR accused of collecting illegal taxes

The Compressed Natural Gas (CNG) sector leader has accused the Federal Bureau Revenue (FBR) of illegally collecting enhanced sales and income taxes from the sector. Central leader Ghiyas Abdullah Paracha on Tuesday claimed that the illegal collection of t
Published 05 Aug, 2015 12:00am
CNG sector: FBR accused of collecting illegal taxes

CNG sector: FBR accused of collecting illegal taxes

The Compressed Natural Gas (CNG) sector leader has accused the Federal Bureau Revenue (FBR) of illegally collecting enhanced sales and income taxes from the sector. Central leader Ghiyas Abdullah Paracha on Tuesday claimed that the illegal collection of t
Published 05 Aug, 2015 12:00am
PML-N believes in political harmony: Prime Minister

PML-N believes in political harmony: Prime Minister

Prime Minister Nawaz Sharif chaired a meeting with the office-bearers of PML-N KP chapter on Tuesday. The Prime Minister said that PML-N believes in political harmony and consensus amongst the stake holders of democratic process. We respect the political
Published 05 Aug, 2015 12:00am
Combating energy problems: IoBM experts suggest practical solution

Combating energy problems: IoBM experts suggest practical solution

Institute of Business Management (IoBM) experts brainstormed on feasible and practical solutions to combat the energy problems faced by the country, says a Press Release from IoBM Public Affairs Section. At this conference, organised by IoBM's College of
Published 05 Aug, 2015 12:00am
Pakistan to have significant energy growth soon: Asad

Pakistan to have significant energy growth soon: Asad

Energy is a critical element in our lives and positive developments are taking place in energy sector of Pakistan. Four to five years from now, our country will have a significant energy growth as many big projects are in the pipeline, said Syed Asad Ali
Published 05 Aug, 2015 12:00am
Further cracks appear in traders' protest

Further cracks appear in traders' protest

Further cracks have appeared in the ranks and files of traders, as they are bracing for second shutter-down strike in less than a week against imposition of 0.3 percent withholding tax on all banking transactions on Wednesday (today).
Published 05 Aug, 2015 12:00am
Commissioner appreciates improved availability of water in Karachi

Commissioner appreciates improved availability of water in Karachi

Commissioner of Karachi, Shoaib Ahmad Siddiqui chairing a meeting Tuesday to review availability of potable water appreciated marked improvement in the situation, as compared to recent past. He, however, directed the concerned officials to arrange provisi
Published 05 Aug, 2015 12:00am
Acute shortage of medicines in Spencer Eye Hospital

Acute shortage of medicines in Spencer Eye Hospital

Spencer Eye Hospital run by Karachi Metropolitan Corporation(KMC) is facing acute shortage of medicines since five years, while major diagnostic machines are also lying out of order and hospital management is unable to repair these equipment due to funds
Published 05 Aug, 2015 12:00am
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