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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-08-20
South African stocks falter on Massmart, Glencore

South African stocks falter on Massmart, Glencore

South African stocks fell on Wednesday as retailer Massmart plunged after flagging lower interim earnings and Glencore reported a drop in first half profits. Shares in the Wal-Mart unit Massmart dipped 8.5 percent to 117 rand, underperforming the 1.4 perc
Published 20 Aug, 2015 12:00am
US Treasury yields rise before Fed meeting minutes

US Treasury yields rise before Fed meeting minutes

US Treasury yields rose on Tuesday as investors awaited the release on Wednesday of minutes of the Federal Reserve's July meeting, which will be evaluated for any new signs that an interest rate increase is likely in September. "The market is on tenterhoo
Published 20 Aug, 2015 12:00am
US Treasury yields rise before Fed meeting minutes

US Treasury yields rise before Fed meeting minutes

US Treasury yields rose on Tuesday as investors awaited the release on Wednesday of minutes of the Federal Reserve's July meeting, which will be evaluated for any new signs that an interest rate increase is likely in September. "The market is on tenterhoo
Published 20 Aug, 2015 12:00am
Indian shares snap two-session losing streak

Indian shares snap two-session losing streak

Indian stocks closed higher on Wednesday, led by gains in export-focussed companies after the rupee fell to a near two-year low in early trades, while bullish brokerage calls also helped drugmakers such as Sun Pharmaceutical Industries. The BSE index ende
Published 20 Aug, 2015 12:00am
Tokyo stocks close down tracking falls on Wall Street
Currency

Tokyo stocks close down tracking falls on Wall Street

Tokyo stocks fell 1.61 percent by the close Wednesday, tracking falls on Wall Street and another plunge on China's main index as weak trade data hinted at the fragility of Japan's recovery. But Toshiba shares bucked the downturn, soaring 7.71 percent to 3
Published 20 Aug, 2015 12:00am
European stocks extend drop after US inflation data
Currency

European stocks extend drop after US inflation data

European stock markets fell on Wednesday, extending a recent losing streak after US inflation data supported expectations of a rate rise, while brewer Carlsberg slumped after cutting its outlook. News that German lawmakers had voted to back a third bailou
Published 20 Aug, 2015 12:00am
Sri Lankan shares steady at seven-month high

Sri Lankan shares steady at seven-month high

Sri Lankan shares ended steady at over seven-month high as investors awaited the Ranil Wickremesinghe-led government to announce its economic policies after the election victory. Wickremesinghe's centre-right United National Party (UNP) is expected to for
Published 20 Aug, 2015 12:00am
Australian shares close higher

Australian shares close higher

Australian shares rallied 1.5 percent on Wednesday with gains across the board as bargain hunters picked up banks and resources stocks. The S&P/ASX 200 index added 77.05 points to 5,380.2 at the close of trade, having recovered from a seven-month trough t
Published 20 Aug, 2015 12:00am
Southeast Asia stocks mixed, Thai stocks rebound

Southeast Asia stocks mixed, Thai stocks rebound

Thai shares staged a mild rebound on Wednesday as domestic investors hunted for bargains, while stocks in Vietnam retreated after the central bank devalued the dong for the third time this year to support exports. The Thai SET index ended the day up 0.5 p
Published 20 Aug, 2015 12:00am
Glencore leads Britain's FTSE to seven-month low

Glencore leads Britain's FTSE to seven-month low

Britain's top share index fell on Wednesday to its lowest level since January, hit by anxiety over top metals consumer China's economy, with Glencore leading the mining sector lower after poorly-received results. Miner and commodities trader Glencore was
Published 20 Aug, 2015 12:00am
Rouble edges up as oil stabilises

Rouble edges up as oil stabilises

The Russian rouble edged up in subdued trading on Wednesday, reversing a recent losing streak as international oil prices found more stable ground after a recent slide. At 0930 GMT, the rouble was 0.2 percent stronger against the dollar at 65.72 and up 0.
Published 20 Aug, 2015 12:00am
China's yuan slips in early trade
Currency

China's yuan slips in early trade

China's yuan edged lower on Wednesday as stocks fell over 2 percent in opening trades, though a broadly flat yuan fixing checked sharp losses for the currency. Stocks plunged more than 6 percent on Tuesday, their biggest fall in three weeks, on speculatio
Published 20 Aug, 2015 12:00am
Australian dollar dented by China jitters
Currency

Australian dollar dented by China jitters

The Australian dollar sagged on Wednesday as weakness in Chinese equities amplified concerns over slowing growth in China, while sterling held firm after a pick up in UK inflation kept prospects of a Bank of England rate hike in play. Moves among major cu
Published 20 Aug, 2015 12:00am
Dollar edges down as traders await Fed lift-off signal
Currency

Dollar edges down as traders await Fed lift-off signal

The dollar edged down across the board on Wednesday, with investors cautious ahead of US inflation data and minutes from the Federal Reserve that could signal whether the central bank is on track to raise interest rates next month. As an erratic Chinese s
Published 20 Aug, 2015 12:00am
Dollar drifts lower ahead of possible Fed lift-off signal
Currency

Dollar drifts lower ahead of possible Fed lift-off signal

The dollar drifted lower on Wednesday, with investors cautious ahead of minutes from the Federal Reserve which could signal if it will raise interest rates next month. As an erratic Chinese stock market stoked fears about the stability of the world's seco
Published 20 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 Wednesday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.30-6.50 percent (Previous 05.30-06.50 percent).
Published 20 Aug, 2015 12:00am
Sri Lankan rupee ends firmer
Currency

Sri Lankan rupee ends firmer

The Sri Lankan rupee ended higher on Wednesday after a state-run bank, through which the central bank usually directs the market, reduced the currency's peg against the dollar by 10 cents to allow the exchange rate to appreciate to 133.90. The market had
Published 20 Aug, 2015 12:00am
China stock woes hurt Asia FX
Currency

China stock woes hurt Asia FX

Most emerging Asian currencies eased on Wednesday, hurt by a continuing rout in China's stock markets, while jitters grew before US inflation data and minutes of the Federal Reserve's last policy review are published. China shares dropped again, extending
Published 20 Aug, 2015 12:00am
Lira at new low

Lira at new low

Turkey's lira plumbed a new record low against the US dollar on Wednesday after the central bank failed to assuage investor concerns about its ability to defy political pressure and lift rates. The lira has lost around 19 percent of its value against the
Published 20 Aug, 2015 12:00am
Sterling near 7-1/2-year high as investors ramp up rate hike
Currency

Sterling near 7-1/2-year high as investors ramp up rate hike

Sterling was buoyant near 7-1/2 year highs against a trade-weighted basket of currencies on Wednesday, drawing support from expectations that the Bank of England will start raising interest rates early next year. Higher-than-expected core inflation in Bri
Published 20 Aug, 2015 12:00am
South Africa's rand under pressure ahead of US Fed minutes
Currency

South Africa's rand under pressure ahead of US Fed minutes

South Africa's rand weakened against the dollar as investors cautiously awaited minutes due for release late on Wednesday from last month's United State's Federal Reserve meeting for any hints on rate hike plans. At 1530 GMT the local currency was 0.57 pe
Published 20 Aug, 2015 12:00am
Benitez unconcerned by misfiring Real Madrid attack

Benitez unconcerned by misfiring Real Madrid attack

Real Madrid coach Rafa Benitez is not worried about his side's relative goal drought in their final warm-up matches before they begin their La Liga campaign on Sunday with a trip to promoted Sporting Gijon. Real edged Turkish side Galatasaray 2-1 in Tuesd
Published 20 Aug, 2015 12:00am
Nation proud of special athletes' achievements: President

Nation proud of special athletes' achievements: President

President Mamnoon Hussain Wednesday said that the entire nation was proud of special athletes for their outstanding performance and bringing laurels to the country in the Special Olympics World Games-2015. "I am very glad to be among you (special athletes
Published 20 Aug, 2015 12:00am
Amla lays foundation for South African success

Amla lays foundation for South African success

A century from Hashim Amla laid the foundation for home success on Wednesday as South Africa beat New Zealand by 20 runs to win their opening one-day international at Centurion. Amla displayed the form that had him rated the world's best batsman as he mas
Published 20 Aug, 2015 12:00am
IOC chief Bach confident in 2018 Games security

IOC chief Bach confident in 2018 Games security

Olympics chief Thomas Bach conceded that major sporting events like the 2018 Winter Games will always carry some form of security risk but said on Wednesday he was confident that South Korean authorities would keep athletes safe in Pyeongchang. The South
Published 20 Aug, 2015 12:00am
Umar Akmal chooses to play only Test cricket

Umar Akmal chooses to play only Test cricket

Batsman Umar Akmal has said that if he is asked to choose for one format to play in, he would definitely go for Test cricket. Akmal said he is working hard to make a comeback to Test cricket. "Whatever I am today is due to school and club cricket," he sai
Published 20 Aug, 2015 12:00am
Brugge made to pay, CSKA run comes to an end

Brugge made to pay, CSKA run comes to an end

A superb double by Memphis Depay took Manchester United a step nearer a return to the Champions League group stages as they ran out 3-1 winners over Belgian outfit Club Brugge on Tuesday in their play-off first leg clash. While United - who missed out on
Published 20 Aug, 2015 12:00am
No fairytales' for retiring Clarke

No fairytales' for retiring Clarke

Australia captain Michael Clarke accepted there would be no storybook ending to his international career but said he still hoped his side could salvage a win in the fifth Test at The Oval from the wreck of their Ashes series. England head into Thursday's
Published 20 Aug, 2015 12:00am
Root's progress impresses Cook

Root's progress impresses Cook

England captain Alastair Cook has never seen a player improve as much in a short space of time as star batsman Joe Root. The 24-year-old Yorkshireman, regarded as a captain in waiting, has scored England's only two hundreds of the ongoing Ashes series to
Published 20 Aug, 2015 12:00am
Haroon satisfied with Azhar's performance

Haroon satisfied with Azhar's performance

Pakistan Cricket Board (PCB) Chief Selector Haroon Rasheed believes Azhar Ali is new to captaincy but will become mature saying he is very much satisfied with his performance. Haroon said everyone was saying Azhar should not play ODI's, or Shahid Afridi s
Published 20 Aug, 2015 12:00am
First bodies recovered from Indonesia plane crash site

First bodies recovered from Indonesia plane crash site

The first bodies of 54 people killed when a plane went down in eastern Indonesia were Wednesday carried from the remote crash site after bad weather hampered efforts to airlift them. Authorities also revealed rescuers were still looking for one of the Tri
Published 20 Aug, 2015 12:00am
Death toll in Nigeria Boko Haram massacre rises

Death toll in Nigeria Boko Haram massacre rises

The number of villagers massacred by Boko Haram jihadists in a remote village in north-eastern Nigeria rose to 160 on Wednesday, according to locals, as the military rejected accounts of the attack. Residents of Kukuwa-Gari in Yobe State described how mor
Published 20 Aug, 2015 12:00am
Rio votes on banning 'mocking' of religion

Rio votes on banning 'mocking' of religion

Public mockery of religion could be banned in Rio de Janeiro under a law being considered by state legislators Wednesday with fines as high as $77,000. The bill, proposed by Rio lawmaker Fabio Silva, would outlaw public "satirising, ridiculing and/or all
Published 20 Aug, 2015 12:00am
No more jail for Iranian men who can't pay dowry

No more jail for Iranian men who can't pay dowry

Hard up Iranian husbands will no longer face jail for failing to pay dowries that can reach hundreds of thousands of dollars, following passage of a new law, it was reported Wednesday. But spouses who claim to be impecunious yet are then proven to have th
Published 20 Aug, 2015 12:00am
Suicide bomber kills 16 in northeast Syria

Suicide bomber kills 16 in northeast Syria

A suicide bomber killed at least 16 people on Wednesday in an attack on Kurdish security forces in north-eastern Syria claimed by the Islamic State jihadist group, a monitor said. The Syrian Observatory for Human Rights said the blast in the city of Qamis
Published 20 Aug, 2015 12:00am
Nato warns rebels against more Ukraine land grabs

Nato warns rebels against more Ukraine land grabs

Nato on Wednesday warned pro-Russian separatists against grabbing more land in eastern Ukraine and stressed Moscow has a "special responsibility" to help restore peace as fighting escalates. It said the members of the 28-nation, US-led alliance expressed
Published 20 Aug, 2015 12:00am
Sri Lankan Prime Minister warns against return to divisive politics

Sri Lankan Prime Minister warns against return to divisive politics

Prime Minister Ranil Wickremesinghe urged Sri Lanka's parties Wednesday to work together as he began forming a new government backed by minority Tamils after a surge in support for his reform-driven agenda in parliamentary elections. Wickremesinghe's Unit
Published 20 Aug, 2015 12:00am
Germany expects record 'up to 800,000' asylum-seekers this year

Germany expects record 'up to 800,000' asylum-seekers this year

Germany expects to receive up to 800,000 asylum-seekers in 2015, a new record, Interior Minister Thomas de Maiziere said on Wednesday, as he urged action from Europe on the crisis. Germany has struggled to accommodate a wave of asylum-seekers from war zon
Published 20 Aug, 2015 12:00am
Nearly 30,000 firefighters battling western US blazes

Nearly 30,000 firefighters battling western US blazes

Nearly 30,000 firefighters and support staff were battling blazes across a handful of mainly western US states, officials said Wednesday, after millions of acres and multiple buildings have burned. A total of 7.16 million acres (2.9 million hectares) have
Published 20 Aug, 2015 12:00am
UN warns of 'storm' of famine in conflict-hit Yemen

UN warns of 'storm' of famine in conflict-hit Yemen

The United Nations warned Wednesday of a "developing famine" in Yemen, where more than half a million children are severely malnourished, and pressed for access to its war-torn regions. Impoverished Yemen has been wracked by conflict since March when a Sa
Published 20 Aug, 2015 12:00am
IS beheads elderly former antiquities chief in Syria's Palmyra

IS beheads elderly former antiquities chief in Syria's Palmyra

The Islamic State group has beheaded the 82-year-old retired chief archaeologist of Palmyra, who refused to leave the ancient city when the jihadists captured it, Syria's antiquities chief said. A UNESCO World Heritage site famed for well-preserved Greco-
Published 20 Aug, 2015 12:00am
Turkey 'swiftly' heading to snap polls: Erdogan

Turkey 'swiftly' heading to snap polls: Erdogan

Turkish President Recep Tayyip Erdogan said on Wednesday that Turkey was heading rapidly towards early elections after efforts to form a coalition government failed. "We are once again swiftly heading towards an election," Erdogan said in a televised spee
Published 20 Aug, 2015 12:00am
Eight soldiers killed in south-east Turkey bomb attack

Eight soldiers killed in south-east Turkey bomb attack

Eight Turkish soldiers were killed in a bomb attack on their vehicle by Kurdish militants in southeast Turkey on Wednesday, the military said, intensifying conflict after the breakdown of a two-year ceasefire last month. Kurdistan Workers Party (PKK) mili
Published 20 Aug, 2015 12:00am
KMC asked to enforce Urdu in its departments

KMC asked to enforce Urdu in its departments

Administrator Karachi Shoaib Ahmad Siddiqui on Wednesday directed heads of all departments of Karachi Metropolitan Corporation (KMC) to enforce Urdu language in their departments in letter and spirit. Meanwhile, KMC's Mehekma-e-Forogh Wa Nifaz-e-Urdu (Urd
Published 20 Aug, 2015 12:00am
Transportation charges: PSO owes Rs 3 billion to PNSC: minister

Transportation charges: PSO owes Rs 3 billion to PNSC: minister

Federal Ports and Shipping Minister, Kamran Michael on Wednesday said that Pakistan State Oil (PSO) still owes around Rs 3 billion to Pakistan National Shipping Corporation (PNSC) under the head of fuel transportation charges. He was speaking as chief gue
Published 20 Aug, 2015 12:00am
Ibrahim Fibres Limited
Cotton

Ibrahim Fibres Limited

Ibrahim Fibres Limited is a giant in the textile industry. With nearly Rs 23 billion in market capitalisation, the company takes its place among the top stocks on the KSE. It is one of the largest producers of polyester in the country. The company's core
Published 20 Aug, 2015 12:00am
Ibrahim Fibres Limited
Cotton

Ibrahim Fibres Limited

Ibrahim Fibres Limited is a giant in the textile industry. With nearly Rs 23 billion in market capitalisation, the company takes its place among the top stocks on the KSE. It is one of the largest producers of polyester in the country. The company's core
Published 20 Aug, 2015 12:00am
Ultimate finished goods: PLGMEA seeks reduction in mark-up rate

Ultimate finished goods: PLGMEA seeks reduction in mark-up rate

A delegation of Pakistan Leather Garments Manufacturers & Exporters Association (PLGMEA) met Governor State Bank of Pakistan, Ashraf Mahmood Wathra, on Tuesday and discussed SBP-related problems faced by exporters. Patron-in-Chief of PLGMEA Fawad Ijaz Kha
Published 20 Aug, 2015 12:00am
Soneri Bank's Rs three billion TFCs listed on KSE

Soneri Bank's Rs three billion TFCs listed on KSE

Soneri Bank Limited on Wednesday listed the second of its Term Finance Certificates (TFC) which helped the bank raise Rs 3 billion from private and public sectors. The TFCs listing, which took place at a gong ceremony at Karachi Stock Exchange (KSE), is e
Published 20 Aug, 2015 12:00am
Soneri Bank's Rs three billion TFCs listed on KSE

Soneri Bank's Rs three billion TFCs listed on KSE

Soneri Bank Limited on Wednesday listed the second of its Term Finance Certificates (TFC) which helped the bank raise Rs 3 billion from private and public sectors. The TFCs listing, which took place at a gong ceremony at Karachi Stock Exchange (KSE), is e
Published 20 Aug, 2015 12:00am
Forecast of rains for upper parts of country

Forecast of rains for upper parts of country

Pakistan Meteorological Department (PMD) on Wednesday forecast scattered rains with thundershowers over upper parts of the country from Friday to Monday. Spokesman for the PMD informed that monsoon currents will start to penetrate over upper parts of the
Published 20 Aug, 2015 12:00am
SRPA urges government to issue notification on pension raise

SRPA urges government to issue notification on pension raise

Sindh Retired Professors' Association (SRPA) has asked the government to issue notification of raise in pension, as promised by the Sindh government in its budget 2015-16. In a meeting held on Wednesday, Convenor SRPA Professor Saeed-ul-Zafar Khan accused
Published 20 Aug, 2015 12:00am
Land grabbing: NAB arrests accused

Land grabbing: NAB arrests accused

National Accountability Bureau Karachi on Wednesday has arrested accused Haroon Panjwani, son of Suleman for his alleged involvement in land grabbing and illegal sale of hundreds of acres of government Land to general public located at Memon Colony Hassan
Published 20 Aug, 2015 12:00am
Spare parts: APMSPIDA chief urges government to cut import duty

Spare parts: APMSPIDA chief urges government to cut import duty

All-Pakistan Motorcycle Spare Parts Importers and Dealers Association's (APMSPIDA) chairman Faisal Khalil has demanded of the government to reduce duty on the import of motorcycles' spare parts. Taking to newsmen at an Eid Milan party of the association,
Published 20 Aug, 2015 12:00am
DMA teams begin operation against illegal advertisements

DMA teams begin operation against illegal advertisements

Special teams of the Directorate of Municipal Administration (DMA) have started operation against illegal advertisements including billboards, pylons, banners and removed them from various locations of the federal capital. The operation has been launched
Published 20 Aug, 2015 12:00am
Seminar on 'Horizon 2020' held at KU

Seminar on 'Horizon 2020' held at KU

Horizon 2020 would provide funds amounting to 300 to 400 million dollars to Pakistani researchers for assistance in their respective research, said Steafano Gatto, Deputy Head of Delegation of European Union in Pakistan. He said this while speaking at a s
Published 20 Aug, 2015 12:00am
Impacts of poverty more complicated in Balochistan: chief minister

Impacts of poverty more complicated in Balochistan: chief minister

Chief Minister Balochistan Dr Abdul Malik has said that poverty is a world-wide issue but its impacts are more complicated and hard in Balochistan. We are constantly struggling to decentralise the powers to local bodies that would help to reduce poverty,
Published 20 Aug, 2015 12:00am
Progress has been made in Attock blast probe: Nisar

Progress has been made in Attock blast probe: Nisar

Interior Minister Chaudhry Nisar Ali Khan on Wednesday said that the nation's resolve to fight against terrorism had further strengthened after the Attock incident. Talking to media after addressing the 30th passing out parade at the Pakistan Rangers Acad
Published 20 Aug, 2015 12:00am
Cut in oil prices by up to Rs 7.5 per liter expected

Cut in oil prices by up to Rs 7.5 per liter expected

Following a massive reduction in international crude oil price, the government may reduce petroleum product prices by up to Rs 7.5 per litre for the month of September, it is learnt. According to sources privy to the fluctuations of the petroleum products
Published 20 Aug, 2015 12:00am
KP RTIC for proactive disclosure of information

KP RTIC for proactive disclosure of information

Khyber Pakhtunkhwa Right to Information Commission (KP-RTIC) has instructed the Directorate of Sports and youth Affairs to expedite work on creating the official website and ensure proactive disclosure of information vital for transparency and accountabil
Published 20 Aug, 2015 12:00am
OPF to establish one-window desks at airports

OPF to establish one-window desks at airports

The Board of Governors meeting (BOG) of Overseas Pakistan Foundation (OPF) on Wednesday approved establishment of one window facilitation desks at all the major international airports of the country to facilitate Pakistani diaspora. The facilitation desks
Published 20 Aug, 2015 12:00am
Hunting of Houbara Bustard: SC imposes ban, cancels permits

Hunting of Houbara Bustard: SC imposes ban, cancels permits

The Supreme Court on Wednesday imposed ban on hunting of bird 'Houbara Bustard' and cancelled all the permits issued by federal government so far. A three-member bench led by Chief Justice Jawwad S Khawaja issued the directives while hearing of a petition
Published 20 Aug, 2015 12:00am
Cyber Crimes Bill repugnant to fundamental laws: CSOs

Cyber Crimes Bill repugnant to fundamental laws: CSOs

Civil Society Organisations (CSOs) of Khyber Pakhtunkhwa and FATA has termed the draft of the proposed Cyber Crimes Bill repugnant to fundamental law of the freedom of expression and violation of the United Nations resolutions and human rights conventions
Published 20 Aug, 2015 12:00am
Private schools: CCP begins probe against exorbitant fees

Private schools: CCP begins probe against exorbitant fees

The Competition Commission of Pakistan (CCP) has initiated a probe into possible anti-competitive behaviour behind the sharp increase in fees being charged by private schools in the country. The probe has been initiated after concerns were raised by the g
Published 20 Aug, 2015 12:00am
Loadshedding due to energy crisis: Pesco

Loadshedding due to energy crisis: Pesco

A spokesman of Peshawar Electricity Supply Company (Pesco) has clarified that loadshedding is due to energy crisis in the country and Pesco is not responsible for this. He said that in those areas where line losses are less and recovery is better, minimum
Published 20 Aug, 2015 12:00am
Lower courts Senate body for steps to lessen burden of cases

Lower courts Senate body for steps to lessen burden of cases

The Senate committee of the 'Whole House' on Wednesday shared consensus that effective measures are need to be taken to lessen the burden of cases on lower courts, giving way to alternate dispute resolution and invigorating the panchaiyat system.
Published 20 Aug, 2015 12:00am
PepsiCo Pakistan, Cinepax Limited sign agreement

PepsiCo Pakistan, Cinepax Limited sign agreement

PepsiCo Pakistan and Cinepax (Pvt) Limited on Wednesday signed an exclusive agreement for supply of carbonated and non-carbonated beverages to all Cinepax cinemas in Pakistan. The ceremony was attended by senior management teams from both organisations.
Published 20 Aug, 2015 12:00am
Ceasefire violations: DG SA & SAARC summons Indian diplomat

Ceasefire violations: DG SA & SAARC summons Indian diplomat

The Indian Deputy High Commissioner was called in by the Director General (South Asia & SAARC). A protest was lodged against the unprovoked ceasefire violations by Indian Security Forces in Harpal Sector due to which a Pakistani Civilian Muhammad Shareef
Published 20 Aug, 2015 12:00am
Hazara varsity KP: PAC panel to investigate irregularities

Hazara varsity KP: PAC panel to investigate irregularities

Public Accounts Committee (PAC) Khyber Pakhtunkhwa Assembly has directed a sub-committee for conducting inspection to investigate into different irregularities in Hazara University, Mansehra and presentation of a comprehensive report in the meeting of the
Published 20 Aug, 2015 12:00am
FWO has to take part in NHA contract bidding

FWO has to take part in NHA contract bidding

National Highway Authority (NHA) has awarded 25 percent of total work to Frontier Works Organisation (FWO) through open bidding, Secretary Communication Shahid Ashraf Tarar said on Wednesday. Talking to media persons after the conclusion of Public Account
Published 20 Aug, 2015 12:00am
Appointment of Dr Khalid hailed

Appointment of Dr Khalid hailed

Chairman of the Board of Management of the Post Graduate Medical Institute and Lahore General Hospital Zia uddin Khawaja and board members have welcomed the appointment of Professor Doctor Khalid Mahmood as Principal PGMI & LGH and expressed their confide
Published 20 Aug, 2015 12:00am
Engro Corporation's revenues increase by 13 percent

Engro Corporation's revenues increase by 13 percent

Engro Corporation's revenues for 1H2015 increased by 13 percent to Rs 87.8 billion as compared to Rs 77.5 billion of 1H2014, the company said on Wednesday. The conglomerate, however, saw its petrochemicals business posting a loss-after-tax of Rs 433 milli
Published 20 Aug, 2015 12:00am
MTB auction: government mops up Rs 239 billion

MTB auction: government mops up Rs 239 billion

The federal government Wednesday raised Rs 239 billion through the auction for Market Treasury Bills (MTBs). The SBP, on August 19, 2015, conducted the auction for the sale of 3-month, 6-month and 12-month T-bills and received bids amounting to Rs 248.606
Published 20 Aug, 2015 12:00am
MTB auction: government mops up Rs 239 billion

MTB auction: government mops up Rs 239 billion

The federal government Wednesday raised Rs 239 billion through the auction for Market Treasury Bills (MTBs). The SBP, on August 19, 2015, conducted the auction for the sale of 3-month, 6-month and 12-month T-bills and received bids amounting to Rs 248.606
Published 20 Aug, 2015 12:00am
Ghori congratulates Mubarak

Ghori congratulates Mubarak

Jawed Ali Ghori chairman Standing Committee for Research and Development Federation Pakistan Chamber of Commerce and Industry (FPCCI) and former chairman Rice Exporters Association of Pakistan (REAP) has congratulate Dr Mubarak Ahmed for assuming charge o
Published 20 Aug, 2015 12:00am
Over billing: SHC issues notices to KE, others

Over billing: SHC issues notices to KE, others

The Sindh High Court (SHC) on Wednesday issued notices to DAG, Secretary K-Electric (KE) and other respondents to file comments in a petition seeking declaration of over charged electricity bill. The petitioner, Khalid Ayaz Qureshi, named Federation of Pa
Published 20 Aug, 2015 12:00am
Curbing ghost factor: SBP suggests mandatory verification of pensioners

Curbing ghost factor: SBP suggests mandatory verification of pensioners

The State Bank of Pakistan (SBP) has proposed mandatory verification of pensioners biannually or annually to eliminate reported ghost pensioners. Deputy Governor State Bank Saeed Ahmed responding to questions on Wednesday during Senate Standing Committee
Published 20 Aug, 2015 12:00am
UNODC launches 'drug prevention campaign' in Sindh

UNODC launches 'drug prevention campaign' in Sindh

The United Nations Office on Drugs and Crime (UNODC), in collaboration with the Ministry of Interior and Narcotics Control and supported by the Bureau of International Narcotics and Law Enforcement Affairs (INL)- Pakistan of the US Department of State, is
Published 20 Aug, 2015 12:00am
GDA to launch cleanliness drive in Galyat

GDA to launch cleanliness drive in Galyat

In order to provide fresh environment to tourists, Galyat Development Authority (GDA) has decided to launch a week-long cleanliness drive in picturesque valley of Galyat, by August 21 (Friday). Besides, local students of various public sector schools, and
Published 20 Aug, 2015 12:00am
Upgraded version of Mobitunes Mobile App launched

Upgraded version of Mobitunes Mobile App launched

Following the success of Mobilink's Mobitunes Mobile Application, Mobilink has announced the launch of its Version 2.0, available for free download on the Google Play Store. This upgraded version of the Mobitunes Mobile App has exciting new features, with
Published 20 Aug, 2015 12:00am
SECP to spread investor education message

SECP to spread investor education message

In order to enable investors to make informed choices about financial products and investments, the Securities and Exchange Commission of Pakistan (SECP) has launched Investor Education initiative for investors' protection and building their confidence. T
Published 20 Aug, 2015 12:00am
SCCI to arrange exhibition for businesswomen

SCCI to arrange exhibition for businesswomen

-Sialkot Chamber of Commerce and Industry (SCCI) have finalised necessary arrangement for holding mega event Exhibition for Women by Women in September said President SCCI Fazal Jilani. The exhibition will provide an opportunity to business women to exhib
Published 20 Aug, 2015 12:00am
17-year-old case: death row convict hanged in Gujranwala

17-year-old case: death row convict hanged in Gujranwala

A convicted murderer of at least 17-year-old case on Wednesday has been executed at Central Jail. Death row inmate Amjad Ali was hanged at 4:30am in supervision of special judicial magistrate Malik Saleem. Ali had murdered his friend Khalil Ahmed on July
Published 20 Aug, 2015 12:00am
'Pakistan's economy has all ingredients to grow like China's'

'Pakistan's economy has all ingredients to grow like China's'

Korean Ambassador to Pakistan Song Jong Hwan on Wednesday said that Pakistan has all the required ingredients to grow like China. In a meeting at the Lahore Chamber of Commerce and Industry (LCCI), he said in 1980, China was exactly like Pakistan and toda
Published 20 Aug, 2015 12:00am
No trade talks with India till normalisation of ties: Dastgir

No trade talks with India till normalisation of ties: Dastgir

Federal Commerce Minister Khurram Dastgir Khan said on Wednesday that there will be no trade talks with India till restoration of normal relations at diplomatic level. He stated this while addressing a seminar titled "Engineers: a complete solution provid
Published 20 Aug, 2015 12:00am
Murder case three accused held in Hub

Murder case three accused held in Hub

Three culprits involved in murder of a Levies man were arrested and arms recovered during a crackdown here on Wednesday. Deputy Commissioner Lasbela, Fawad Ghaffar Soomro said that the police conducted a search operation against miscreants in Bela area of
Published 20 Aug, 2015 12:00am
Public offices: supporters of banned outfits must be removed: PTI

Public offices: supporters of banned outfits must be removed: PTI

Pakistan Tehreek-e-Insaf (PTI) Punjab Organiser Chaudhary Mohammad Sarwar has said the supporters of banned organisations must be removed from public offices to execute a clean-up operation against them. He said his party supported the operation against t
Published 20 Aug, 2015 12:00am
PESA pays glowing tributes to Hameed Gul

PESA pays glowing tributes to Hameed Gul

The Pakistan Ex-servicemen Association (PESA) on Wednesday paid glowing tributes to former chief of Inter Services Intelligence Lieutenant General (Retd) Hameed Gul. The tributes were paid during a meeting arranged to condole the death of Lieutenant Gener
Published 20 Aug, 2015 12:00am
One killed in Quetta road accident

One killed in Quetta road accident

One person was killed and eight others of same family sustained severe wounds in a road mishap here on Wednesday. According to police, the accident took place in Akhtarabad when a speeding truck rammed into a passenger pick-up killing its driver Muhammad
Published 20 Aug, 2015 12:00am
Quran Khawani, Dua held: Shahbaz pays rich tributes to Shuja

Quran Khawani, Dua held: Shahbaz pays rich tributes to Shuja

Punjab Chief Minister Shahbaz Sharif attended the Quran Khawani and Dua arranged for the departed souls of provincial home minister Colonel Shuja Khanzada (Retd) Shaheed and other martyrs at Model Town, here on Wednesday. Rich tributes were paid to the sa
Published 20 Aug, 2015 12:00am
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