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Nov 02, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-09-01
Early trade in New York: Dollar sags against yen and euro
Currency

Early trade in New York: Dollar sags against yen and euro

The dollar eased against the safe-haven yen and the low-yielding euro on Monday as investors around the world knocked down equities and trimmed bets against currencies popularly used to fund risky carry trades. Under carry trades, investors sell a low-yie
Published 01 Sep, 2015 12:00am
Dollar drops against yen and euro in Europe
Currency

Dollar drops against yen and euro in Europe

The dollar lost ground against the safe-haven yen and the low-yielding euro on Monday as global stock markets began the week in the red, prompting investors to trim bets against currencies popularly used to fund risky carry trades. Under carry trades, inv
Published 01 Sep, 2015 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.25-6.50 percent (* Previous 05.25-06.50 percent). (* revised).
Published 01 Sep, 2015 12:00am
Most emerging Asian currencies slip
Currency

Most emerging Asian currencies slip

Most emerging Asian currencies slid on Monday and were set to post steep monthly losses as top US Federal Reserve officials left the door open for an interest rate hike in September and Chinese stocks tumbled again. South Korea's won fell as foreign inves
Published 01 Sep, 2015 12:00am
Rouble retreats

Rouble retreats

The Russian rouble retreated on Monday as oil fell back below $50 per barrel and a cautious mood reigned on global markets after a rally in oil and stocks at the end of last week. At 0745 GMT, the rouble was 2 percent weaker against the dollar at 66.69 an
Published 01 Sep, 2015 12:00am
Sri Lankan rupee weakens
Currency

Sri Lankan rupee weakens

The Sri Lankan rupee closed lower for a second straight session on Monday as a state-run bank, through which the central bank usually directs the market, raised the currency's peg against the dollar ahead of a monetary policy meeting. The Central Bank of
Published 01 Sep, 2015 12:00am
Aussie, New Zealand dollar hindered by rate views

Aussie, New Zealand dollar hindered by rate views

The Australian and New Zealand dollars fell on Monday weighed down by a diverging interest rate outlook compared with the United States and concerns about the health of China's economy. The Australian dollar was down at $0.7135, from $0.7175 in New York o
Published 01 Sep, 2015 12:00am
South Africa's rand slips
Currency

South Africa's rand slips

South Africa's rand traded weaker against the dollar early on Monday after the Federal Reserve's vice chairman suggested over the weekend that the United States may raise rates in September. At 0630 GMT the rand eased 0.14 percent to 13.3275 per dollar, e
Published 01 Sep, 2015 12:00am
Gandhi and Mandela have future test series named after them

Gandhi and Mandela have future test series named after them

Australia and England might have the Ashes but India and South Africa have evoked the memory of two iconic historical figures to name future cricket series between the two countries. Starting in November, the test series between the countries will be know
Published 01 Sep, 2015 12:00am
England women win dead rubber T20

England women win dead rubber T20

Natalie Sciver starred with both bat and ball as England Women ended a disappointing Ashes campaign with a five-wicket victory over Australia in the final Twenty20 international in Cardiff on Monday. Sciver took four for 15, following Anya Shrubsole's fou
Published 01 Sep, 2015 12:00am
England beat Australia in lone T20

England beat Australia in lone T20

England beat Australia by five runs to win the lone Twenty20 international in Cardiff on Monday. Australia, set a target of 183 for victory, were on course while skipper Steven Smith was making a Twenty20 best score of 90. But Australia lost five wickets
Published 01 Sep, 2015 12:00am
Ivanovic falls in US Open first round

Ivanovic falls in US Open first round

Ana Ivanovic crashed out of the US Open first round on Monday, losing 6-3, 3-6, 6-3 to Slovakia's Dominika Cibulkova and giving Serena Williams a helping hand in her Grand Slam history bid. Serbian seventh seed Ivanovic, a quarter-finalist in 2012, was in
Published 01 Sep, 2015 12:00am
Sharapova withdraws from US Open with leg injury

Sharapova withdraws from US Open with leg injury

Russian third seed Maria Sharapova withdrew from the US Open on Sunday with a right leg injury, easing the path to a calendar-year Grand Slam for top-ranked Serena Williams. US Open tournament director David Brewer announced Sharapova's exit, which allowe
Published 01 Sep, 2015 12:00am
Tempers rise as India eye series win

Tempers rise as India eye series win

Fired-up India eyed their first series win in Sri Lanka for 22 years when the home team's top order collapsed during the decisive final Test in Colombo on Monday. Sri Lanka, set a tough victory target of 386, lost three wickets for 21 runs before moving t
Published 01 Sep, 2015 12:00am
Pakistan fixing trio start long road to redemption

Pakistan fixing trio start long road to redemption

Former Pakistan captain Salman Butt and pace bowler Mohammad Asif can return to cricket this week following five-year spot-fixing bans, but age and public hostility mean the pair face a hard road to redemption. On Wednesday they will join left-arm quick M
Published 01 Sep, 2015 12:00am
Brazil's Rousseff drops plan to restore unpopular tax

Brazil's Rousseff drops plan to restore unpopular tax

President Dilma Rousseff has dropped the idea of reinstating a tax on financial transactions to bridge a gaping fiscal deficit in Brazil after it ran into a barrage of criticism even from within her coalition, Brazilian media reported on Sunday. The Folha
Published 01 Sep, 2015 12:00am
UN climate talks begin divided, but with hope for Paris accord

UN climate talks begin divided, but with hope for Paris accord

Chances that governments will work out a UN accord to combat climate change in December seem brighter than in the run-up to a failed attempt in 2009, experts said as delegates from almost 200 nations met on Monday, hoping to bridge deep divisions. Memorie
Published 01 Sep, 2015 12:00am
More than 10,000 Icelanders ready to welcome Syrians

More than 10,000 Icelanders ready to welcome Syrians

More than 10,000 Icelanders said Monday on Facebook they were ready to welcome Syrian refugees into their homes after the government said it would only let in a handful. An Icelandic author and professor, Bryndis Bjorgvinsdottir, on Sunday urged fellow ci
Published 01 Sep, 2015 12:00am
UN rejects Japan's complaint over Ban's China visit

UN rejects Japan's complaint over Ban's China visit

The United Nations on Monday brushed aside Japanese complaints over Secretary-General Ban Ki-moon's plan to attend a military parade in Beijing, saying the World War II commemoration was an opportunity to reflect on the past. Japan complained that the Uni
Published 01 Sep, 2015 12:00am
Malaysian Prime Minister reasserts command with National Day parade

Malaysian Prime Minister reasserts command with National Day parade

Malaysia's government reclaimed the streets of the capital Monday after massive weekend protests demanding the premier's ouster, staging its own show of force with National Day celebrations attended by thousands. With Prime Minister Najib Razak presiding,
Published 01 Sep, 2015 12:00am
US court backs Argentina in asset seizure appeal

US court backs Argentina in asset seizure appeal

A US appeals court supported Argentina's appeal Monday against an earlier ruling that could have permitted a group of creditors to seize assets of Argentina's central bank. The US Court of Appeals in Manhattan said the September 2013 ruling by lower court
Published 01 Sep, 2015 12:00am
Migrant trains reach Vienna, EU asylum rules under strain

Migrant trains reach Vienna, EU asylum rules under strain

Trains carrying hundreds of migrants started arriving in Vienna on Monday after Austrian authorities appeared to give up trying to apply European Union rules by filtering out refugees who had already claimed asylum in Hungary. In the latest twist in a hum
Published 01 Sep, 2015 12:00am
Boko Haram killers on horseback massacre nearly 80 in Nigeria

Boko Haram killers on horseback massacre nearly 80 in Nigeria

Suspected Boko Haram gunmen on horseback shot dead nearly 80 people in attacks on three villages in Nigeria's restive north-east at the weekend, a vigilante and residents told AFP on Monday. The attacks were the latest bloodbath in the six-year-old insurg
Published 01 Sep, 2015 12:00am
India's top court suspends ban on Jains fasting to death

India's top court suspends ban on Jains fasting to death

India's Jain community scored a legal victory Monday when the Supreme Court temporarily lifted a ban on the traditional ritual of Santhara, or fasting to death. Thousands of Jains protested across India last week after a court in the western state of Raja
Published 01 Sep, 2015 12:00am
Anti-charter protestor shot dead by Nepal police

Anti-charter protestor shot dead by Nepal police

Nepal police fired into a crowd of demonstrators on Monday, killing one person as fresh protests erupted in the country's southern plains over a new draft constitution. The incident in Parsa district, 95 kilometres (60 miles) south of Kathmandu, came a we
Published 01 Sep, 2015 12:00am
Horror film king Wes Craven dies

Horror film king Wes Craven dies

Horror film master Wes Craven, who redefined the genre in the 1980s with "A Nightmare on Elm Street" and again in the 1990s with "Scream," has died after a battle with brain cancer. He was 76. Craven died on Sunday at his home in Los Angeles, "surrounded
Published 01 Sep, 2015 12:00am
British scientists develop slow-melting ice cream

British scientists develop slow-melting ice cream

The summer scourge of sticky hands could become a thing of the past as British researchers announced the discovery of an ingredient to make slow-melting ice cream on Monday. The protein BslA, which occurs naturally in some food, helps to blend the compone
Published 01 Sep, 2015 12:00am
Turkish court arrests British journalists on 'IS terror' charges

Turkish court arrests British journalists on 'IS terror' charges

A court in Turkey's Kurdish-dominated south-east on Monday remanded in custody two British journalists working for US-based media outlet Vice News on terror charges, in a case that has sparked fresh concern about press freedom. The two British reporters a
Published 01 Sep, 2015 12:00am
Five terrorists held in Hangu

Five terrorists held in Hangu

Five terrorists were arrested by the security forces in Doaba area of Hangu during search operation here on Monday. According to security sources, the operation was launched on intelligence information and arms were also recovered from the terrorists. The
Published 01 Sep, 2015 12:00am
Pakistan delegation arrives: Global parliamentary summit opens at UN

Pakistan delegation arrives: Global parliamentary summit opens at UN

Speakers of Parliament from around the world begin a four-day conference at UN Headquarters in New York later on Monday to examine ways to effectively tackle global challenges to peace and democracy. About 180 parliamentary leaders, including more than 35
Published 01 Sep, 2015 12:00am
Protest rally against India held

Protest rally against India held

Women's Parliamentary Caucus here on Monday led a protest rally against unprovoked Indian shelling on Line of Control (LoC) and Working Boundary. The protesters marched from the press club to Amaldar Chowk and raised slogans. The disgusted protesters said
Published 01 Sep, 2015 12:00am
PTI Senator deplores unprovoked Indian firing

PTI Senator deplores unprovoked Indian firing

Pakistan Tehreek-e-Insaf leader, Senator Mohsin Aziz has strongly deplored the unprovoked firing and shelling by Indian border security forces (BSF) near the Line of Control (LoC), which violated cease-fire at the working boundary. What, he termed it was
Published 01 Sep, 2015 12:00am
KP CM for joint drive against encroachments, spurious drugs

KP CM for joint drive against encroachments, spurious drugs

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has asked the district and municipal administration and the traders of Kohat to ensure mutual co-operation for making the drives against encroachments, spurious drugs and adulterated and substandard food it
Published 01 Sep, 2015 12:00am
Member Peace body killed in Bajaur blast

Member Peace body killed in Bajaur blast

A member of local Peace Committee was killed and three others including a minor girl sustained injuries in a roadside bomb blast in Kosar area of tehsil Khar in Bajaur Agency on Monday. Political officials said member of peace committee Abdul Qadar Khan w
Published 01 Sep, 2015 12:00am
Dar reviews proposal on establishment of 'PMIC'

Dar reviews proposal on establishment of 'PMIC'

Finance Minister Ishaq Dar Monday chaired a meeting at the Finance Division to review the proposal for the establishment of Pakistan Microfinance Investment Company. Secretary Finance Dr Waqar Masood Khan briefed the minister about the proposal. He said t
Published 01 Sep, 2015 12:00am
Atlas Battery Limited (ATBA)

Atlas Battery Limited (ATBA)

Atlas Battery Limited is a leading battery manufacturer in Pakistan. It manufactures a wide range of products under the popular brand name - AGS. The company is part of the Atlas Group, created in 1962 by Yusuf H. Shirazi. The conglomerate has a number of
Published 01 Sep, 2015 12:00am
Atlas Battery Limited (ATBA)

Atlas Battery Limited (ATBA)

Atlas Battery Limited is a leading battery manufacturer in Pakistan. It manufactures a wide range of products under the popular brand name - AGS. The company is part of the Atlas Group, created in 1962 by Yusuf H. Shirazi. The conglomerate has a number of
Published 01 Sep, 2015 12:00am
Flight inspectors Palpa opposes age requirement

Flight inspectors Palpa opposes age requirement

The age requirement for the positions of 12 flight inspectors advertised recently by Civil Aviation Authority (CAA) is a violation of rules and Supreme Court judgements. "The advertisement published recently mentions the age requirement of 63 years for th
Published 01 Sep, 2015 12:00am
Government urged to review WHT on services sector

Government urged to review WHT on services sector

Pakistan Businessmen and Intellectuals Forum's (PBIF) president and a former provincial minister Mian Zahid Hussain has urged the government to review eight per cent withholding tax imposed on the turnover of the services sector. He made this demand while
Published 01 Sep, 2015 12:00am
Government urged to review WHT on services sector

Government urged to review WHT on services sector

Pakistan Businessmen and Intellectuals Forum's (PBIF) president and a former provincial minister Mian Zahid Hussain has urged the government to review eight per cent withholding tax imposed on the turnover of the services sector. He made this demand while
Published 01 Sep, 2015 12:00am
Woman's body found in Quetta

Woman's body found in Quetta

A tortured body of a 36-year-old woman was recovered from Hazara Town area of Quetta on Monday. The corpse was sack-packed and has marks of brutal torture. According to police, the face of the woman was doused with acid after cutting it with sharp weapon.
Published 01 Sep, 2015 12:00am
Tax returns: PCDMA for date extension

Tax returns: PCDMA for date extension

Pakistan Chemicals and Dyes Merchants Association (PCDMA), Haroon Nisar Numberdar has urged the Chairman of Federal Board of Revenue (FBR) Tariq Bajwa to extend the date of filing income tax returns for individual up to October 31. In a letter to the chai
Published 01 Sep, 2015 12:00am
Two alleged terrorists killed in encounter

Two alleged terrorists killed in encounter

Counter Terrorism Department (CTD) of police on Sunday killed two militants associated with a banned outfit in an alleged encounter. Police said that the CTD team conducted a raid near Northern Bypass. The terrorists were allegedly involved in over 100 ca
Published 01 Sep, 2015 12:00am
FUUAST teacher honoured with PhD

FUUAST teacher honoured with PhD

Federal Urdu University of Arts, Science and Technology (FUUAST) on the recommendation of Graduate & Research Management Council awarded PhD degree to Assistant Professor Faisal Jawaid on Monday. Dr Faisal Jawaid completed his thesis on "US Economic Inter
Published 01 Sep, 2015 12:00am
Faysal Bank donates Rs 10 million to SIUT

Faysal Bank donates Rs 10 million to SIUT

President & CEO of Faysal Bank Limited (FBL), Nauman Ansari, visited Sindh Institute of Urology and Transplantation (SIUT) recently Nauman Ansari along with SIUT head Dr Adeeb Rizvi visit Transplant, Paediatric Urology & Nephrology, Oncology and several o
Published 01 Sep, 2015 12:00am
NTC plans to introduce protection policy: chairman

NTC plans to introduce protection policy: chairman

National Tariff Commission (NTC) Chairman M Abbas Raza has said that the commission plans to introduce a 'protection policy' under which relevant laws and regulations will be defined to safeguard the interests of local industries. Speaking at a meeting du
Published 01 Sep, 2015 12:00am
Foreign ship grounded due to emergency silting at Port Qasim

Foreign ship grounded due to emergency silting at Port Qasim

A Liberian-flagged container vessel grounded at Port Qasim early on Sunday because of "emergency silting" in the port's 45-kilometer long navigational channel. M/v Nordic Hong Kong, having 46,579 dead-weight tonnage (DWT), ran aground at around 6:55am nea
Published 01 Sep, 2015 12:00am
ASDRC organises seminar

ASDRC organises seminar

A seminar on autism awareness was organised by the ASDRC in Lahore at a local hotel recently. It was attended by more than one hundred parents and professionals including teachers, doctors, and therapists. Rukhsana Shah, CEO of Autism Spectrum Disorders R
Published 01 Sep, 2015 12:00am
MQM waiting for formation of 'Grievances Redressal Committee'

MQM waiting for formation of 'Grievances Redressal Committee'

The Muttahida Qaumi Movement (MQM) is waiting for the government to set up a 'Grievances Redressal Committee' as promised by Prime Minister Nawaz Sharif, a senior member of the MQM told Business Recorder on Monday. The committee is to look into the
Published 01 Sep, 2015 12:00am
TCP asks FBR to clarify rate of WHT on lint cotton
Cotton

TCP asks FBR to clarify rate of WHT on lint cotton

The Trading Corporation of Pakistan (TCP) has asked the Federal Board of Revenue (FBR) to clarify the rate of withholding tax on purchase of lint cotton under the prevailing laws, as the rate would have future implications for TCP if government intervenes
Published 01 Sep, 2015 12:00am
TCP asks FBR to clarify rate of WHT on lint cotton
Cotton

TCP asks FBR to clarify rate of WHT on lint cotton

The Trading Corporation of Pakistan (TCP) has asked the Federal Board of Revenue (FBR) to clarify the rate of withholding tax on purchase of lint cotton under the prevailing laws, as the rate would have future implications for TCP if government intervenes
Published 01 Sep, 2015 12:00am
Inquiry against officials: SSGC fully cooperating with LEAs: MD

Inquiry against officials: SSGC fully cooperating with LEAs: MD

The Managing Director of SSGC, Khalid Rahman addressed the staff members to apprise them of the situation developing in the Company after some of its senior officials were apprehended by the law enforcement agencies. The MD informed his team that the agen
Published 01 Sep, 2015 12:00am
CAA completes expansion of new BBIA

CAA completes expansion of new BBIA

Pakistan Civil Aviation Authority (CAA) has completed the expansion of new Benazir Bhutto International Airport (BBIA) according to international standard. In a briefing on the project on Monday CCA said, the expansion project includes link to taxiing way
Published 01 Sep, 2015 12:00am
TRC's tenure extended by 90 days

TRC's tenure extended by 90 days

Finance Minister Ishaq Dar has extended the tenure of Tax Reforms Commission (TRC) for a further period of 90 days, wef, August 15, 2015. According to a notification issued by the FBR Monday, in partial modification of earlier notification.2014, 16.02.201
Published 01 Sep, 2015 12:00am
E-filing for TY15: Draft return, wealth statement forms introduced

E-filing for TY15: Draft return, wealth statement forms introduced

The Federal Board of Revenue (FBR) has introduced draft income tax return and wealth statement forms for electronic filing for the Tax Year 2015 for all taxpayers including individuals, AoPs and companies along with statement of assets and liabilities, re
Published 01 Sep, 2015 12:00am
PAC decisions should not be taken as joke: Yousafzai

PAC decisions should not be taken as joke: Yousafzai

Public Accounts Committee (PAC) Khyber Pakhtunkhwa Assembly has warned that decisions of the committee should not be considered joke, saying their implementation is the responsibility of the concerned departments. The meeting of the KP PA held in Khyber P
Published 01 Sep, 2015 12:00am
Wajih insists he's still PTI member

Wajih insists he's still PTI member

Wajihuddin Ahmed, a former Supreme Court judge, insisted on Monday that he is still an active member of Pakistan Tehrik-i-Insaaf (PTI) as he has not yet received any suspension order. Talking to Business Recorder on telephone, he said that some "op
Published 01 Sep, 2015 12:00am
Ahsan directs Ministry to finalise water policy in 3 months

Ahsan directs Ministry to finalise water policy in 3 months

Federal Minister Planning, Development & Reform Ahsan Iqbal on Monday directed for finalising the National Water Policy in three months to save the country from water crisis. He gave these directives to Ministry of Water and Power while chairing the meeti
Published 01 Sep, 2015 12:00am
Commodore Akbar posted 18th Commandant PMA

Commodore Akbar posted 18th Commandant PMA

Commodore Akbar Naqi SI (M) has posted as 18th Commandant Pakistan Marine Academy. He is bestowed upon Chief of the Naval Staff Letter of Commendation. He has served as Naval Commander West (Balochistan Coast), Station Commander (Navy) Lahore and various
Published 01 Sep, 2015 12:00am
Lower Indus Right Bank irrigation, drainage project to be launched

Lower Indus Right Bank irrigation, drainage project to be launched

The federal government would launch Lower Indus Right Bank Irrigation and Drainage Project worth Rs 17.51 billion to provide needed disposal from waterlogged areas to increase agricultural production by improving crop yield and cropping intensities and de
Published 01 Sep, 2015 12:00am
President leaves for China today

President leaves for China today

President Mamnoon Hussain will pay a four-day official visit to China from September 1-4, Foreign Office said. The visit is being undertaken at the invitation of the President of the People's Republic of China Xi Jinping. During the visit, according to Fo
Published 01 Sep, 2015 12:00am
Public schools 'work on dilapidated buildings will start soon'

Public schools 'work on dilapidated buildings will start soon'

Punjab Chief Secretary Khizar Hayat Gondal has told district co-ordination officers that construction work of dilapidated buildings of public schools will shortly start. His instruction as he chaired a top-level meeting at the Civil Secretariat on Monday.
Published 01 Sep, 2015 12:00am
Smeda-JICA holds programme for capacity building of ESCOs

Smeda-JICA holds programme for capacity building of ESCOs

The Small and Medium Enterprises Development Authority (Smeda), with the assistance of Japanese energy experts, has initiated a comprehensive programme for capacity building of the Energy Service Companies (ESCSs) in Pakistan. While addressing the conclud
Published 01 Sep, 2015 12:00am
Regi Model Town to be developed on fast track: minister

Regi Model Town to be developed on fast track: minister

KP Senior Minister for Local Government and Rural Development (LG&RD) Inayatullah Khan Monday revealed that the provincial government has decided to develop Regi Model Township on fast track and for this purpose the Chief Minister Pervez Khattak has const
Published 01 Sep, 2015 12:00am
Senate body accepts apology by Ministry

Senate body accepts apology by Ministry

Senate Standing Committee on Rules of Procedure and Privileges Monday accepted apology from Ministry of Petroleum and Natural Resources on its absence from the Upper House during debate on gas load shedding issue. The body that met under the chairmanship
Published 01 Sep, 2015 12:00am
Footwear designs: EU-funded PLCIP holds internship for PIFD students

Footwear designs: EU-funded PLCIP holds internship for PIFD students

The European Union-funded Pakistan Leather Competitiveness Improvement Programme (PLCIP) organised a six weeks internship for students of third year Leather Footwear and Accessories Programme of Pakistan Institute of Fashion Design (PIFD) at leading footw
Published 01 Sep, 2015 12:00am
SSGC official remanded in custody of Rangers for 90 days

SSGC official remanded in custody of Rangers for 90 days

An Anti Terrorism Court (ATC) on Monday handed over Director Sui Southern Gas Company (SSGC) Ameen Rajput to Rangers for 90 days. The personnel of Pakistan Rangers, Sindh, along with their counsel produced Director SSGC Ameen Rajput before the court amid
Published 01 Sep, 2015 12:00am
Sahil Police Station inaugurated

Sahil Police Station inaugurated

The Sindh Home Minister, Sohail Anwar Sial, here on Monday formally inaugurated a police station near Seaview. A police spokesman said that it has been named as Sahil police station and located Karachi South's Darakhsan area. A police posse consisting of
Published 01 Sep, 2015 12:00am
Dengue control Call for making serious efforts

Dengue control Call for making serious efforts

Advisor to Chief Minister on Health Khawaja Salman Rafique has directed officers of concerned departments to enhance their performance and make serious efforts to control dengue completely. He also directed that special attention should be paid to Rawalpi
Published 01 Sep, 2015 12:00am
KP IGP commends performance of police forces of Swabi, Abbottabad

KP IGP commends performance of police forces of Swabi, Abbottabad

The Inspector General of Police (IGP) Khyber Pakhtunkhwa Nasir Khan Durrani Monday distributed cash prizes and commendation certificates amongst Swabi and Abbottabad police on tracing and arresting the accused involved in blind double murder and kidnappin
Published 01 Sep, 2015 12:00am
Gilani, Amin cases: Hearing adjourned till September 30

Gilani, Amin cases: Hearing adjourned till September 30

The Federal Anti-Corruption Court on Monday adjourned the hearing of former prime minister Syed Yousuf Raza Gilani and Pakistan Peoples' Party leader Makhdoom Amin Fahim corruption case till September 30. The hearing of case had to be postponed due to the
Published 01 Sep, 2015 12:00am
KATI condemns shelling by Indian forces

KATI condemns shelling by Indian forces

President Korangi Association of Trade and Industry (KATI), Rashid Ahmed Siddiqui has condemned shelling by Indian troops at Pakistani borders. He said in a statement that business community always wishes peace in the region but any aggression on motherla
Published 01 Sep, 2015 12:00am
Silkbank declares half-yearly results

Silkbank declares half-yearly results

The Board of Directors of Silkbank Limited, in their meeting held on August 28, 2015, announced the half-yearly results ended June 30, 2015. Silkbank's total asset base grew by an impressive 16 billion over the period, which reflects the operational stren
Published 01 Sep, 2015 12:00am
Silkbank declares half-yearly results

Silkbank declares half-yearly results

The Board of Directors of Silkbank Limited, in their meeting held on August 28, 2015, announced the half-yearly results ended June 30, 2015. Silkbank's total asset base grew by an impressive 16 billion over the period, which reflects the operational stren
Published 01 Sep, 2015 12:00am
PAT's survey: MoF's response
Cotton

PAT's survey: MoF's response

According to Business Recorder of 28th August, 2015, the media cell of the Pakistan Awami Tehreek held a nation-wide survey on the topic "Is the economy of Pakistan improving"? Around 25,000 people in Pakistan and abroad took part in the week-long
Published 01 Sep, 2015 12:00am
LCCI concerned over ACAA-PIFFA strike call

LCCI concerned over ACAA-PIFFA strike call

The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to tackle problems following grave concerns over a general strike call by the Air Cargo Agents Association (ACCA) and the Pakistan International Freight Forwarders Association (PI
Published 01 Sep, 2015 12:00am
Uplift of farmers top priority: Shahbaz

Uplift of farmers top priority: Shahbaz

The Punjab chief minister has claimed that the uplift of farmers, protection of their interests and development of the agriculture sector is his government's priority and that interests of cultivators will be safeguarded at any cost. Shahbaz Sharif's clai
Published 01 Sep, 2015 12:00am
PU declares B.Com Part II results

PU declares B.Com Part II results

Punjab University Examinations Department has declared the results of Bachelor of Commerce (B.Com) Part-II annual examinations 2015.According to details candidates appeared in B.Com Part-II 32703 and pass percentage is 46.99. Boys appeared 18,109 and girl
Published 01 Sep, 2015 12:00am
Shujaat-Khosa meeting boosts efforts towards uniting PML factions

Shujaat-Khosa meeting boosts efforts towards uniting PML factions

Pakistan Muslim League-Q President Chaudhry Shujaat Hussain has boosted his efforts in a bid to unite different factions of Muslim Leagues and also form a grand alliance against the present government. In this regard, Shujaat held a meeting with former Pu
Published 01 Sep, 2015 12:00am
PEF will benefit from PITB expertise

PEF will benefit from PITB expertise

The Punjab Education Foundation (PEF) will benefit from technological expertise of the Punjab Information Technology Board (PITB) to further develop and strengthen its system and to improve organisational efficiency for meeting targets aiming at enrolling
Published 01 Sep, 2015 12:00am
Kyrgyz diplomat for building strong trade ties with Pakistan

Kyrgyz diplomat for building strong trade ties with Pakistan

Kyrgyz Charge d' Affaires Sagynbek Ibraev said his country is willing to build strong trade and economic relations with Pakistan and ready to sign accords in the textile and pharmaceutical sectors. In his speech at the Lahore Chamber of Commerce and Indus
Published 01 Sep, 2015 12:00am
PRGMEA, E-commerce Gateway sign MoU

PRGMEA, E-commerce Gateway sign MoU

The Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) and the Ecommerce Gateway Pakistan have signed a memorandum of understanding to jointly hold the Asia Exhibition for the next five consecutive years in Lahore. The 14th Inter
Published 01 Sep, 2015 12:00am
Chinese delegates visit PBIT

Chinese delegates visit PBIT

A delegation from the Chinese Jihua Group led by Nabila Intisar, Director and Chief Executive Waleed Tech (Pvt) Ltd, visited the Punjab Board of Investment and Trade (PBIT) on Monday and held talks. Other delegates included Mark Yen (Application Engineer)
Published 01 Sep, 2015 12:00am
Lawyers observe strike in Multan

Lawyers observe strike in Multan

Lawyers of South Punjab on Monday observed the strike and boycotted their professional duties in protest of the murder of former joint secretary Karachi Bar Association Advocate Amir Haider Shah in Karachi last week. Former prime minister Syed Yousuf Raza
Published 01 Sep, 2015 12:00am
All is set for holding two-day exhibition for 'Women by Women'

All is set for holding two-day exhibition for 'Women by Women'

Sialkot Chamber of Commerce and Industry (SCCI) has finalised necessary arrangement for holding two-day exhibition for "Women by Women" in September, said Chairperson Departmental Committee on Women Entrepreneurs of SCCI Syeda Shabina Gillani. In an inter
Published 01 Sep, 2015 12:00am
Workshop

Workshop

A two-day training workshop on "Zoo animals keeping, zoonoses and bio-safety measures" in collaboration with the National Association for Young Scientists, Pakistan Wildlife Foundation and the American Association for Advances in Science was concluded at
Published 01 Sep, 2015 12:00am
Five reports presented in Punjab PA

Five reports presented in Punjab PA

The provincial government presented five reports in Punjab Assembly which resumed its session two hours behind its schedule on Monday. These reports pertained to Punjab government's financial statement for the year 2008-2009, audit report on account of dr
Published 01 Sep, 2015 12:00am
Services trade posts $90 million surplus in 1MFY16

Services trade posts $90 million surplus in 1MFY16

Pakistan's services trade performed well and posted a $90 million surplus in July 2015 followed by Coalition Support Fund (CSF) inflows. Economists said that surplus services trade account can help in managing the external account in a proper manner with
Published 01 Sep, 2015 12:00am
Bhakar district: secretary health asked to reconstitute recruitment body

Bhakar district: secretary health asked to reconstitute recruitment body

Ombudsman Punjab Javed Mahmood has ordered Secretary Health to reconstitute impartial committee for recruitment of Health department's employees in Bhakar district and annul recommendations of the previous committee. According to detail three candidates h
Published 01 Sep, 2015 12:00am
143 tehsils of Punjab: land record & management system completed

143 tehsils of Punjab: land record & management system completed

Provincial Parliamentary Secretary, Rana Muhammad Arshad Jutt has said that Land Record Management & Information System has been completed and services are being provided to the people in 143 tehsils of the province under this system. He said that Punjab
Published 01 Sep, 2015 12:00am
Fuel shortage looming as oil tankers begin strike

Fuel shortage looming as oil tankers begin strike

A shortage of fuel is looming countrywide as the Oil Tankers Association has entered a strike against increase in sales tax by the government. According to chairman of Oil Tankers Owners Association Akram Durrani, the supply of oil from oil refineries and
Published 01 Sep, 2015 12:00am
Climate change policy: LHC directs Centre, Punjab to explain progress

Climate change policy: LHC directs Centre, Punjab to explain progress

The Lahore High Court on Monday directed federal and Punjab governments to explain what steps being taken for implementation of National Climate Change Policy 2013, on September 4. The court while putting the hearing of a petition filed by a farmer Asghar
Published 01 Sep, 2015 12:00am
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