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Print - 2015-08-13
Six-wicket Ashwin stuns Sri Lanka in first Test

Six-wicket Ashwin stuns Sri Lanka in first Test

Off-spinner Ravichandran Ashwin grabbed six wickets as India bowled out Sri Lanka for 183 but then stumbled briefly in reply in a rousing start to the first Test on Wednesday. Twelve wickets fell on the opening day and India were themselves reduced to 28-
Published 13 Aug, 2015 12:00am
Bush, Clinton trade blame over Iraq war

Bush, Clinton trade blame over Iraq war

A decade of anger over the Iraq war resurfaced in the 2016 US election race Tuesday, with Jeb Bush and Hillary Clinton's campaigns trading blame about that country's continued instability. Twelve years after president George W. Bush led the United States
Published 13 Aug, 2015 12:00am
20,000 Indians urge MPs to end parliament deadlock

20,000 Indians urge MPs to end parliament deadlock

More than 20,000 Indians including prominent business leaders have signed an online petition urging lawmakers to end weeks of rowdy protests that have paralysed parliament in the world's largest democracy. The petition on the Change.org site said public t
Published 13 Aug, 2015 12:00am
North Korea's vice premier executed: report

North Korea's vice premier executed: report

North Korea's vice premier Choe Yong-Gon has been executed for voicing frustration at the policies of leader Kim Jong-Un, South Korea's Yonhap news agency said Wednesday, citing an anonymous source. Choe, who took the job in June 2014, was executed by fir
Published 13 Aug, 2015 12:00am
Nato denies it is making war more likely in Europe

Nato denies it is making war more likely in Europe

Nato on Wednesday defended the number of military exercises it has staged as a response to "growing Russian aggression" and refuted suggestions that they were helping make war in Europe more likely. The alliance was reacting to a warning from a London-bas
Published 13 Aug, 2015 12:00am
Turkey, Iran help broker rare truce in Syria

Turkey, Iran help broker rare truce in Syria

Syria's warring parties declared a 48-hour cease-fire in a frontline area on Wednesday after a month of unprecedented mediation from Turkey and Iran, signalling a new approach by some regional powers backing opposing sides in the conflict. The cease-fire
Published 13 Aug, 2015 12:00am
Taiwan unveils its biggest ever military drone

Taiwan unveils its biggest ever military drone

Taiwan unveiled the prototype of its largest ever military drone on Wednesday as it seeks to boost its defence forces in the face of a perceived threat from China. The sleek, white unmanned aircraft is designed for intelligence gathering and surveillance
Published 13 Aug, 2015 12:00am
Obama to host anti-IS coalition summit

Obama to host anti-IS coalition summit

US President Barack Obama will host a summit in New York next month of leaders of the international coalition fighting Islamic State jihadists in Syria and Iraq, diplomats said. The summit on countering violent extremism on September 29 comes one year aft
Published 13 Aug, 2015 12:00am
Indonesia's Widodo reshuffles cabinet to boost economy
Currency

Indonesia's Widodo reshuffles cabinet to boost economy

Indonesian President Joko Widodo replaced major economic ministers in a cabinet reshuffle Wednesday less than a year into his term, after facing criticism for failing to revive growth which is at a six-year low. Former central bank governor Darmin Nasutio
Published 13 Aug, 2015 12:00am
Libya chaos deepens as Prime Minister says will resign

Libya chaos deepens as Prime Minister says will resign

The future of Libya's internationally recognised government was uncertain Wednesday after Prime Minister Abdullah al-Thani said he would resign, as fraught peace talks entered a second day. It was unclear whether Thani planned to follow through on his vow
Published 13 Aug, 2015 12:00am
Ukraine battles pro-Russian rebels for access to key port

Ukraine battles pro-Russian rebels for access to key port

Ukraine on Wednesday reported intense battles with pro-Russian insurgents near the last major government stronghold in the former Soviet country's separatist east. A military spokesman in Kiev said clashes north of the Sea of Azov port of Mariupol had kil
Published 13 Aug, 2015 12:00am
UN chief sacks Central Africa mission head

UN chief sacks Central Africa mission head

UN Secretary General Ban Ki-moon announced Wednesday he had fired the mission chief in the Central African Republic, saying "enough is enough" after a string of allegations of child sex abuse by peacekeepers. Senegalese diplomat Babacar Gaye "tendered his
Published 13 Aug, 2015 12:00am
Switzerland lifts sanctions against Iran

Switzerland lifts sanctions against Iran

Neutral Switzerland will officially lift on Thursday sanctions against Iran that had been suspended since January 2014, the government announced on Wednesday, citing a deal last month between Tehran and six big powers to curb Iran's nuclear programme. "Th
Published 13 Aug, 2015 12:00am
MQM MPAs submit resignations

MQM MPAs submit resignations

The MQM lawmakers on Wednesday resigned as members of the Sindh Assembly in protest against 'victimisation' of their workers through the Karachi operation. Opposition leader in the Sindh Assembly, Khawaja Izhar-ul-Hasan called his party members resignatio
Published 13 Aug, 2015 12:00am
Problems of newspaper industry: government urged to take notice

Problems of newspaper industry: government urged to take notice

The Executive Committee of the All Pakistan Newspapers Society at its meeting held in Islamabad on August 10, 2015 under the chairmanship of its President, Hameed Haroon, has urged upon the Federal Government to take serious note of the problems faced by
Published 13 Aug, 2015 12:00am
Independence Day bomb plot foiled: ISPR

Independence Day bomb plot foiled: ISPR

In an intelligence based operation, security forces have busted a foreign sponsored gang of terrorists and foiled a bid to sabotage August 14 celebrations in Karachi. According to ISPR here on Wednesday, some high value targets including Tehreek-e-Taliban
Published 13 Aug, 2015 12:00am
Vietnam trade delegation visits KCCI

Vietnam trade delegation visits KCCI

A high-powered delegation from Vietnam headed by the Deputy Director General of Africa and South West Asia Department of Vietnam's Ministry of Trade and Industry, Hoang Duc Nhuan, on Wednesday visited Karachi Chamber of Commerce and Industry (KCCI) to hol
Published 13 Aug, 2015 12:00am
Margin on PIBs falls to 49bps

Margin on PIBs falls to 49bps

The cut-off yield on Pakistan Investment Bonds (PIBs) declined up to 49 basis points (bps) in the auction held Wednesday. According to SBP, the auction for the sale of long-term government securities of 3-, 5-, 10-, and 20-year maturity was held on August
Published 13 Aug, 2015 12:00am
Margin on PIBs falls to 49bps

Margin on PIBs falls to 49bps

The cut-off yield on Pakistan Investment Bonds (PIBs) declined up to 49 basis points (bps) in the auction held Wednesday. According to SBP, the auction for the sale of long-term government securities of 3-, 5-, 10-, and 20-year maturity was held on August
Published 13 Aug, 2015 12:00am
Hill Park Aman Foundation plants 2,000 trees

Hill Park Aman Foundation plants 2,000 trees

Pakistan's largest private foundation, the Aman Foundation launched Shajar-e-Aman, its tree plantation campaign for a greener Karachi with a ceremony at Karachi's Hill Park. Shoaib Siddiqui, Administrator, Karachi and Niaz Soomro, D.G. Parks and Horticult
Published 13 Aug, 2015 12:00am
IBA, SMIU ink accord to promote IT services

IBA, SMIU ink accord to promote IT services

Institute of Business Administration (IBA) and Sindh Madressatul Islam University (SMIU) on Wednesday signed an agreement for promoting Information Technology (IT) services. The accord signing ceremony held at the SMIU auditorium was attended, among other
Published 13 Aug, 2015 12:00am
International Steel Limited

International Steel Limited

International Steels Limited (ISL), a subsidiary of International Industries Limited (IIL), was incorporated in 2007 with the vision to be the foremost manufacturer of flat steel products in Pakistan. At that time, ISL was the largest private investor in
Published 13 Aug, 2015 12:00am
International Steel Limited

International Steel Limited

International Steels Limited (ISL), a subsidiary of International Industries Limited (IIL), was incorporated in 2007 with the vision to be the foremost manufacturer of flat steel products in Pakistan. At that time, ISL was the largest private investor in
Published 13 Aug, 2015 12:00am
HEC workshop concludes at SU

HEC workshop concludes at SU

The three-day indigenous on-campus training (IOT) workshop for secretarial staff on 'management and communication skills' at the University of Sindh concluded here on Wednesday. The workshop was organised by the Quality Enhancement Cell (QEC) and the Plan
Published 13 Aug, 2015 12:00am
'Say No to Corruption': SECP to support NAB campaign

'Say No to Corruption': SECP to support NAB campaign

The Securities and Exchange Commission of Pakistan (SECP) has joined hands with the National Accountability Bureau (NAB), assuring it to take all possible measures in the organisation to support its "Say No to Corruption" campaign.
Published 13 Aug, 2015 12:00am
Federal Excise Duty: KTBA concerned over non-adjustment of input tax

Federal Excise Duty: KTBA concerned over non-adjustment of input tax

Karachi Tax Bar Association (KTBA) has expressed its grave concern over non-adjustment of input tax on Federal Excise Duty (FED). In a letter sent to the Chairman Federal Board of Revenue (FBR), KTBA said that the Sindh Revenue Board (SRB) issuing notices
Published 13 Aug, 2015 12:00am
Embellishment of Crystal Ballroom at Marriott finalised

Embellishment of Crystal Ballroom at Marriott finalised

The management of the Karachi Marriott Hotel is delighted to announce the finalisation of the embellishment of their Crystal Ballroom. Living up to its reputation of being the finest and bejewelled events venue in town, the Crystal Ballroom has been furth
Published 13 Aug, 2015 12:00am
AIG says Karachi operation to continue

AIG says Karachi operation to continue

Additional Inspector General of Police, Mushtaq Ahmed Maher, has said that the ongoing Karachi operation will continue till its logical conclusion. During an interactive meeting with the members of Site Association of Industry (SAI) and later talking to n
Published 13 Aug, 2015 12:00am
Four policemen gunned down in Karachi

Four policemen gunned down in Karachi

Four policemen were gunned down when unidentified assailants opened fire on them in Korangi, here on Wednesday. The incident took place in the jurisdiction of Zaman Town police station when unknown gunmen sprayed bullets at police men, who were having lun
Published 13 Aug, 2015 12:00am
Four killed, three hurt in Balochistan firing

Four killed, three hurt in Balochistan firing

At least four persons including a tribal elder and his son were killed and three personnel of Levies Force were injured in an ambush in Sorab area of Kalat district, on Wednesday. Levies officials said that a local tribal elder along with his son, private
Published 13 Aug, 2015 12:00am
Vietnam trade delegation visits FPCCI

Vietnam trade delegation visits FPCCI

Acting President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Khwaja Zarar Kaleem on Wednesday said that Pakistan and Vietnam were enjoying cordial relations. In his welcome address during a visit of Vietnam's trade delegation to FPCCI
Published 13 Aug, 2015 12:00am
Preference shares: MPCL approves proposed phase-wise redemption process

Preference shares: MPCL approves proposed phase-wise redemption process

The Board of Directors of Mari Petroleum Company Limited (MPCL) Wednesday approved the proposal to redeem the company's preference shares in two different phases. With the company's board having cleared the proposed phase-wise redemption process the ball
Published 13 Aug, 2015 12:00am
12th anniversary of Pakwheels.com celebrated in Lahore

12th anniversary of Pakwheels.com celebrated in Lahore

There are more than three million cars in Pakistan, while around 0.8 million of these are traded every year. Of these, some 40 percent to 50 percent cars have already been placed online. This was revealed at the 12th anniversary celebrations of Pakwheels.
Published 13 Aug, 2015 12:00am
2 children drown

2 children drown

Two children drowned in water hydrant here on Wednesday. Bodies of both were recovered. Rescue sources said that while playing with their companions two children fell into water hydrant in Ahsanabad area of Karachi and drowned before they could be rescued
Published 13 Aug, 2015 12:00am
Soneri Bank Expo Centre Branch inaugurated

Soneri Bank Expo Centre Branch inaugurated

Soneri Bank is pleased to announce the commencement of the Expo Centre Branch, Johar Town Lahore with full-fledged operations and shifting of Learning & Development Centre Lahore to its new state-of-art premises. The Branch and L&D Centre opening was inau
Published 13 Aug, 2015 12:00am
Importers seek 66,000 tonnes of soybeans from US or Brazil

Importers seek 66,000 tonnes of soybeans from US or Brazil

Importers are negotiating over the purchase of about 66,000 tonnes of soybeans to be sourced from the United States or Brazil, European traders said on Wednesday. The soybeans were being sought for shipment between November 15 and December 15, they said.
Published 13 Aug, 2015 12:00am
Dagha-led body to help resolve government-KE issues

Dagha-led body to help resolve government-KE issues

Ministry of Water and Power and K-Electric management on Wednesday constituted a sub-committee under the chairmanship of Secretary Water and Power, Younas Dagha, to evolve a mechanism for resolving all existing issues between the federal government and th
Published 13 Aug, 2015 12:00am
Five killed in attack on van in Buner

Five killed in attack on van in Buner

At least five persons were killed and four others injured over a petty dispute in Gul Bandai area of district Buner in Khyber Pakhtunkhwa on Wednesday morning. According to details, armed men opened indiscriminate firing on a passenger van in Gul Bandai v
Published 13 Aug, 2015 12:00am
Senate body asks HEC to explain why foreign scholarships lapsed

Senate body asks HEC to explain why foreign scholarships lapsed

The Senate Special Committee on Wednesday directed the Higher Education Commission (HEC) to explain factors, which resulted in lapses of scholarships to Pakistani graduates and undergraduates. The Special Committee of the Senate chaired by Senator Syed Mu
Published 13 Aug, 2015 12:00am
KP probation regime: major reforms suggested

KP probation regime: major reforms suggested

The Aitebaar programme with the technical assistance of Research Society of International Law (RSIL) organised a conference on "Reforming Khyber Pakhtunkhwa Probation Regime" here Tuesday. The conference aimed to present the findings of the study undertak
Published 13 Aug, 2015 12:00am
KP cabinet approves amendments to LG, Ehtesab Acts

KP cabinet approves amendments to LG, Ehtesab Acts

The provincial cabinet of Khyber Pakhtunkhawa Wednesday approved amendments to Local Government Act, 2013, Ehtesab Commission Act, 2014 and legislation for the regularisation of Global Alliance of Vaccination and Immunisation (GAVI). The cabinet meeting w
Published 13 Aug, 2015 12:00am
Court allows JuD to undertake charity work, Senate told

Court allows JuD to undertake charity work, Senate told

The Upper House of the Parliament was informed on Wednesday that Jamatud Dawa (JuD), a banned militant outfit, has been placed in the suspect lists, after a local court allowed the proscribed organisation to undertake charity work. Responding to a motion
Published 13 Aug, 2015 12:00am
'Not a single sector is immune from dwindling exports'

'Not a single sector is immune from dwindling exports'

Pakistan Businessmen and Intellectuals Forum's (PBIF) president Mian Zahid Hussain said here on Wednesday that though an ambitious target of $50 billion has been set in the proposed trade policy, exporters are finding it difficult to compete with other co
Published 13 Aug, 2015 12:00am
LB polls ECP submits proposed phase-wise schedule

LB polls ECP submits proposed phase-wise schedule

Election Commission of Pakistan (ECP) on Wednesday submitted a proposed phase-wise schedule to the Supreme Court for holding Local Bodies (LB) polls in Sindh and Punjab during November and December. A three-member bench led by Justice Jawwad S Khawaja res
Published 13 Aug, 2015 12:00am
Iranian Foreign Minister due today

Iranian Foreign Minister due today

Iranian Foreign Minister Dr Mohammad Javad Zarif is arriving in Islamabad for a visit on Thursday. During his stay in Islamabad, he will call on Prime Minister Nawaz Sharif and hold bilateral talks with Adviser to the Prime Minister on National Security a
Published 13 Aug, 2015 12:00am
Islamabad, Lahore: Turkish Airlines launches daily flights

Islamabad, Lahore: Turkish Airlines launches daily flights

Turkish Airlines, the national flag carrier of Turkey has commenced daily flights between Turkey and two cities in Pakistan ie Islamabad and Lahore, from August 08. This announcement was officially made on August 10, at a small event organised by the airl
Published 13 Aug, 2015 12:00am
KP PDMA launches Children Protection Emergency Strategy

KP PDMA launches Children Protection Emergency Strategy

The provincial government of Khyber Pakhtunkhwa Wednesday launched Child Protection Emergency Strategy (CPES) for provision protection to children during natural calamities and manmade disasters in the province. The strategy was launched in a high level m
Published 13 Aug, 2015 12:00am
India boycotts Commonwealth Parliamentary Conference: NA Speaker

India boycotts Commonwealth Parliamentary Conference: NA Speaker

India boycotted the Commonwealth Parliamentary Conference to be held in Islamabad from September 30, confirmed Speaker National Assembly Ayaz Sadiq. "India will not attend the Conference, however we will raise the Kashmir issue", said Ayaz Sadiq while add
Published 13 Aug, 2015 12:00am
Shahbaz condemns Karachi incident

Shahbaz condemns Karachi incident

Punjab Chief Minister Shahbaz Sharif has strongly condemned the incident of firing on police mobile in Karachi. The CM expressed sorrow and grief over the death of four police officials and also prayed for early recovery of the injured.
Published 13 Aug, 2015 12:00am
Dar briefed about progress on ITTMS

Dar briefed about progress on ITTMS

Federal Minister for Finance, Senator Mohammad Ishaq Dar here on Wednesday chaired the 4th meeting of the Steering Committee on Integrated Transit Trade Management System (ITTMS) to review the progress achieved so far. Advisor to PM on National Security a
Published 13 Aug, 2015 12:00am
Embezzlement of funds: NAB KP arrests FDMA former DG, AD

Embezzlement of funds: NAB KP arrests FDMA former DG, AD

National Accountability Bureau (NAB) Khyber Pakhtunkhwa on Wednesday arrested Arshad Khan, former Director General of Fata Disaster Management Authority (FDMA), presently posted as Additional Secretary Home and Tribal Affairs Department, Government of Khy
Published 13 Aug, 2015 12:00am
SAARC board for joint efforts to strengthen agri sector

SAARC board for joint efforts to strengthen agri sector

The governing board on agriculture of South Asian Association for Regional Co-operation (SAARC) on Wednesday decided to exchange new technologies, research findings and germ plasm to strengthen agriculture sector. "The governing board agreed to exchange n
Published 13 Aug, 2015 12:00am
Reduction in WHT to 0.3 percent: Ordinance approved by Senate body

Reduction in WHT to 0.3 percent: Ordinance approved by Senate body

Senate Standing Committee on Finance Wednesday approved Income Tax (Amendment) Ordinance 2015, reducing rate of 0.6 percent withholding tax to 0.3 percent on banking instruments till September 30, 2015. Senate Standing Committee on Finance under the chair
Published 13 Aug, 2015 12:00am
Bugti case: hearing adjourned till September 2

Bugti case: hearing adjourned till September 2

Anti-terrorism court (ATC) on Wednesday adjourned the hearing of Akbar Bugti murder case till September 2 due to absence of judge. The hearing was due to be conducted in court room 1 but didn't proceed due to unavailability of judge. Counsel of former pre
Published 13 Aug, 2015 12:00am
Stay against by-polls in NA-19: SC dismisses petition filed by Omer

Stay against by-polls in NA-19: SC dismisses petition filed by Omer

The Supreme Court Wednesday dismissed a petition filed by former Member National Assembly Omer Ayub Khan of Pakistan Muslim League - Nawaz to get stay order against by-election in NA-19 Haripur in Khyber Pakhtunkhawa. Earlier, the Supreme Court had unseat
Published 13 Aug, 2015 12:00am
Amendments in KP RTI Law CGPA backs recommendations

Amendments in KP RTI Law CGPA backs recommendations

Centre for Governance and Public Accountability (CGPA) has supported the recommendations of Khyber Pakhtunkhwa Right to Information Commission regarding amendments to Khyber Pakhtunkhwa Right to Information Act 2013. These recommendations are related to i
Published 13 Aug, 2015 12:00am
IBC lawyers disown 'non-elected' chairman

IBC lawyers disown 'non-elected' chairman

The elected representatives of Islamabad Bar Council (IBC)-based lawyers disowned their 'non-elected' chairman - Advocate General Islamabad Mian Abdul Rauf - and demanded of the federal government to amend election laws for chairman. Mohammad Shoaib Shahe
Published 13 Aug, 2015 12:00am
'Political parties must unite, fight for rights of masses'

'Political parties must unite, fight for rights of masses'

Pakistan Tehreek-i-Insaf (PTI) Punjab Organiser Chaudhary Mohammad Sarwar has said justice is being denied instead of abolishing the "Thana culture" in Punjab and added that excesses and injustice was posing a serious threat for the country. He claimed th
Published 13 Aug, 2015 12:00am
Energy, mining sectors: Chinese firm, Shahbaz discuss cooperation

Energy, mining sectors: Chinese firm, Shahbaz discuss cooperation

A high-level delegation from Jining City, China led by Secretary Jining Municipal Party Committee Ma Pingchang met Punjab Chief Minister Muhammad Shahbaz Sharif. Promotion of co-operation in energy particularly mining sector was discussed during the meeti
Published 13 Aug, 2015 12:00am
KBD to ensure food, energy, water security: SCCI

KBD to ensure food, energy, water security: SCCI

People belonging to various walks of life including business community have urged upon the government to take practical steps for the construction of maximum dams including Kala Bagh Dam for the larger national interests. The timely decision of the govern
Published 13 Aug, 2015 12:00am
MCCI for striking export-import balance
Cotton

MCCI for striking export-import balance

Multan Chamber of Commerce and Industry (MCCI) has urged upon the government to maintain balance in exports and imports to escape from the trade deficit and Pakistani products be encouraged. President of Multan Chamber of Commerce and Industry Mian Iqbal
Published 13 Aug, 2015 12:00am
India wants good ties with all neighbours: Raghavan

India wants good ties with all neighbours: Raghavan

Indian High Commissioner to Pakistan Doctor TCA Raghavan said on Wednesday that India wants good relations with all its neighbours including Pakistan. Economically stable Pakistan is in our interest, he added. He said India could never sustain a high econ
Published 13 Aug, 2015 12:00am
PAT petition: LHC seeks response from governments, ECP

PAT petition: LHC seeks response from governments, ECP

The Lahore High Court on Wednesday admitting a petition for hearing wants response from the federal and the Punjab governments and the Election Commission by August 20. The petition is from the Pakistan Awami Tehreek challenging the 2015 Punjab Local Gove
Published 13 Aug, 2015 12:00am
Professor Khalida Usmani passes away

Professor Khalida Usmani passes away

Former Principal of Fatima Jinnah Medical College (FJMC) Lahore Professor Dr Khalida Usmani passed away in New York after a brief illness on July 29, 2015. She was buried in Saginaw MIwhere her family members reside. She leaves behind sister, two brothers
Published 13 Aug, 2015 12:00am
Multi Million Centre for Genomic Sciences inaugurated at RMI

Multi Million Centre for Genomic Sciences inaugurated at RMI

Khyber Pakhtunkhwa Governor Sardar Mahtab Ahmed Khan on Wednesday inaugurated a multi-million Center for Genomic Sciences at the Rehman Medical Institute (RMI), Peshawar to facilitate the investigation, research and service provision for Genetic diseases
Published 13 Aug, 2015 12:00am
LCCI for setting up fire brigade at Ferozepur Road

LCCI for setting up fire brigade at Ferozepur Road

The Lahore Chamber of Commerce and Industry (LCCI) has urged the Punjab government to set up a fire brigade at the Ferozepur Road Industrial Area to avert any untoward incident in the industrial units operational in the area. The demand came up on Wednesd
Published 13 Aug, 2015 12:00am
District hospital Layyah: Irregularities to attract strict action: CM

District hospital Layyah: Irregularities to attract strict action: CM

Punjab Chief Minister Shahbaz Sharif presided over a high-level meeting, here on Wednesday, in which report of Chief Minister's Inspection Team regarding District Headquarters Hospital Layyah was presented. Addressing the meeting, Shehbaz Sharif said that
Published 13 Aug, 2015 12:00am
Charity in Pakistan is an unregulated sector: Speakers

Charity in Pakistan is an unregulated sector: Speakers

"Charity in Pakistan is an unregulated sector which needs to be regulated in order to effectively alleviate poverty in the country as the resources available for charity are sufficient enough to make a huge dent in the poverty of Pakistan," said Professor
Published 13 Aug, 2015 12:00am
JI chief terms MQM's resignations an emotional act

JI chief terms MQM's resignations an emotional act

-Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, has said that the MQM's sudden and unexpected decision to quit from the assemblies was both surprising and sentimental. In his comments on the development, the JI chief said that in Pakistan, polit
Published 13 Aug, 2015 12:00am
Contactless Payments TPL Trakker, HBL sign agreement

Contactless Payments TPL Trakker, HBL sign agreement

TPL Trakker and Habib Bank Limited (HBL) Wednesday signed an agreement to support Contactless Payments for HBL customers using TPL technology. The arrangement will be opening a completely new and innovative way of doing financial transactions, which would
Published 13 Aug, 2015 12:00am
KP to hand over 17 more rest houses to TCKP

KP to hand over 17 more rest houses to TCKP

Following the robust profitability of the already transferred rest houses, the Khyber Pakhtunkhwa government is going to hand over 17 more rest houses to the Tourism Corporation Khyber Pakhtunkhwa (TCKP) in Galiyat in the second phase. The KP government h
Published 13 Aug, 2015 12:00am
Speakers urge Sindh government to adopt Youth Policy

Speakers urge Sindh government to adopt Youth Policy

Speakers on Youth Dialogue demanded for Sindh government to adopt Youth Policy and increase specific budget for resolving issues of Youth in province as they can contribute for welfare of marginalized society. They were speaking on the occasion of Youth D
Published 13 Aug, 2015 12:00am
CCBPL to celebrate 'empowerment of women'

CCBPL to celebrate 'empowerment of women'

Coca-Cola Beverages Pakistan Limited (CCBPL) is set to celebrate the empowerment of women in Pakistan at its 'Savvy & Successful' award ceremony this October. This annual movement aims to recognise remarkable women for their efforts and contribution to so
Published 13 Aug, 2015 12:00am
Independence Day programmes finalised in Sialkot

Independence Day programmes finalised in Sialkot

-All is set to celebrate Independence Day with usual zeal and enthusiasm on Friday in Sialkot district. On this occasion various social and cultural organisations and educational institutions have finalised colourful programme for celebrating Independence
Published 13 Aug, 2015 12:00am
Spurious drug: PPMA vows to reject new law

Spurious drug: PPMA vows to reject new law

Pakistan Pharmaceutical Manufacturers Association (PPMA) in its emergent meeting held on Wednesday unanimously resolved to reject the new law to curb substandard and spurious drug from the province. The meeting, chaired by Chairman Ijaz Ahmed Siddiqui, wa
Published 13 Aug, 2015 12:00am
Terrorists are on the run: Jilani

Terrorists are on the run: Jilani

Pakistan's resolve to combat extremism is shrinking space for terrorists and they are on the run in the country, Pakistan's Ambassador to the United States Jalil Abbas Jilani said here on Tuesday. Speaking at a reception he hosted for the visiting student
Published 13 Aug, 2015 12:00am
Dar reviews preparations for Pak-Afghan JEC session

Dar reviews preparations for Pak-Afghan JEC session

Finance Minister Ishaq Dar Wednesday chaired a meeting to review the preparations for the upcoming 10th Pak-Afghan Joint Economic Commission session. Additional Secretary Economic Affairs Division Omar Hamid briefed the meeting on the implementation statu
Published 13 Aug, 2015 12:00am
Kabul attacks: Afghan intel makes claims against Pakistan

Kabul attacks: Afghan intel makes claims against Pakistan

Afghanistan's intelligence agency claimed on Wednesday that Pakistan was involved in last week's attacks on Kabul that killed almost 50 people and wounded hundreds. Hassib Sediqi, the spokesman for the National Directorate of Security, said that Afghan au
Published 13 Aug, 2015 12:00am
Gas supply to domestic sector top priority: Khaqan

Gas supply to domestic sector top priority: Khaqan

It is top priority of the govt to provide uninterrupted gas supply to domestic sector and different hurdles like low pressure are also being resolved quickly. Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi informed the National
Published 13 Aug, 2015 12:00am
Kenyan shilling eases
Currency

Kenyan shilling eases

The Kenyan shilling weakened slightly on Wednesday due to dollar demand from the energy sector, while stocks broke a three-day rally to close lower. At close of trade, commercial banks quoted the shilling at 101.10/20 to the dollar, compared with Tuesday'
Published 13 Aug, 2015 12:00am
Ruble slides on Chinese yuan cut
Currency

Ruble slides on Chinese yuan cut

Russia's currency fell to a six-month low Wednesday as oil prices were forced down by China's devaluation of the yuan for the second straight day, with the dollar topping 65 rubles. The ruble hit 65.25 to the dollar and 72.48 to the euro in early trading
Published 13 Aug, 2015 12:00am
Asia FX haunted as China devaluation sparks currency war fears
Currency

Asia FX haunted as China devaluation sparks currency war fears

Emerging Asian currencies fell to multi-year lows on Wednesday after China's central bank allowed the yuan to drop for the second straight day to a four-year trough, a move sparking fears of a global currency war. The yuan fell to as low as 6.4508 per dol
Published 13 Aug, 2015 12:00am
Indian rupee falls
Currency

Indian rupee falls

The Indian rupee dropped sharply on Wednesday to touch its weakest level against the dollar since 2013, as China's move to devalue the yuan sparked fears of a global currency war. The partially convertible rupee weakened to as much as 64.66 per dollar sho
Published 13 Aug, 2015 12:00am
Sterling hits 1-month low versus rallying euro
Currency

Sterling hits 1-month low versus rallying euro

Sterling fell to a one-month trough against a broadly stronger euro on Wednesday after data showed British wage growth slowed more than expected in June, taking some pressure off the Bank of England to raise interest rates. The BoE is closely watching the
Published 13 Aug, 2015 12:00am
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