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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-11-08
Nissan joins automakers dropping Takata air bag inflators

Nissan joins automakers dropping Takata air bag inflators

Nissan Motor Co said on Saturday it will not use air bag inflators made by Japanese auto parts supplier Takata Corp in its cars. Nissan joins most major automakers, including Toyota Motor Corp and Honda Motor Co, that decided to stop using Takata's inflat
Published 08 Nov, 2015 12:00am
Polish president wants banks to bear most costs of FX loan conversion

Polish president wants banks to bear most costs of FX loan conversion

Banks should bear more than half the costs of converting Swiss franc-denominated mortgages into zlotys at historical rates, Polish President Andrzej Duda's office said on Friday. More than half a million Poles took out home loans in Swiss francs, mostly b
Published 08 Nov, 2015 12:00am
China, Singapore to launch government-to-government project in Chongqing

China, Singapore to launch government-to-government project in Chongqing

China and Singapore on Saturday signed a pact to launch their third government-to-government project, in the southwestern Chinese metropolis of Chongqing. The project will focus on financial services, aviation, transport and logistics, and information and
Published 08 Nov, 2015 12:00am
Congo starts producing copper at joint venture mine

Congo starts producing copper at joint venture mine

A copper-mining joint venture between Democratic Republic of Congo's state miner and two Chinese companies, agreed on in 2007 as part of a minerals-for-infrastructure deal, has produced its first copper, the mines ministry said. The Sinohydro Corp and Chi
Published 08 Nov, 2015 12:00am
China to go after online retail sales in fight against fakes

China to go after online retail sales in fight against fakes

China plans to crackdown on the sale of fake goods online by using cloud computing, big data and tighter rules on user identity in its latest moves to quash counterfeiting. China has been trying to reign in its counterfeiters, who have copied everything f
Published 08 Nov, 2015 12:00am
TSX hurt by commodity losses

TSX hurt by commodity losses

Canada's main stock index was torn between losses for energy and mining stocks and gains for financial names on Friday, with both moves magnified by a surge in US jobs that made it more likely the Federal Reserve will hike interest rates in December. The
Published 08 Nov, 2015 12:00am
China plans to link Shenzhen, Hong Kong stock markets in 2015

China plans to link Shenzhen, Hong Kong stock markets in 2015

China has set a deadline of this year to link trading between the Shenzhen stock exchange and the Hong Kong market, the central bank chief said, following a similar connection with the Shanghai bourse. China launched a landmark "stock connect" between Sha
Published 08 Nov, 2015 12:00am
China resumes IPOs as stock market revives

China resumes IPOs as stock market revives

China's securities regulator said on Friday it would allow the resumption of initial public offerings in China, lifting a suspension put into effect in July as regulators desperately tried to slow a devastating stock market crash. China Securities Regulat
Published 08 Nov, 2015 12:00am
Square's cut in value signals tough 2016 for some 'unicorns'

Square's cut in value signals tough 2016 for some 'unicorns'

Square Inc's initial public offering, priced at a 30 percent discount from the payments and lending company's private valuation, is one of the loudest signals yet that technology firms are struggling to keep their multibillion-dollar market caps.
Published 08 Nov, 2015 12:00am
Square's cut in value signals tough 2016 for some 'unicorns'

Square's cut in value signals tough 2016 for some 'unicorns'

Square Inc's initial public offering, priced at a 30 percent discount from the payments and lending company's private valuation, is one of the loudest signals yet that technology firms are struggling to keep their multibillion-dollar market caps.
Published 08 Nov, 2015 12:00am
Treasuries outlook: two-year yields hit 5-1/2-year highs

Treasuries outlook: two-year yields hit 5-1/2-year highs

US Treasury yields soared on Friday, with two-year yields hitting their highest levels in five and a half years, after stronger-than-expected US nonfarm payrolls data for October bolstered expectations for a December Federal Reserve rate hike. The Labour
Published 08 Nov, 2015 12:00am
Treasuries outlook: two-year yields hit 5-1/2-year highs

Treasuries outlook: two-year yields hit 5-1/2-year highs

US Treasury yields soared on Friday, with two-year yields hitting their highest levels in five and a half years, after stronger-than-expected US nonfarm payrolls data for October bolstered expectations for a December Federal Reserve rate hike. The Labour
Published 08 Nov, 2015 12:00am
Big funds cautiously raise allocations to cheap emerging stocks

Big funds cautiously raise allocations to cheap emerging stocks

After several false dawns in emerging market equities, some big asset managers reckon it could be time to start buying even if the sector's recent rally looks fragile. Once-booming emerging markets have underperformed their developed peers for five years
Published 08 Nov, 2015 12:00am
Big funds cautiously raise allocations to cheap emerging stocks

Big funds cautiously raise allocations to cheap emerging stocks

After several false dawns in emerging market equities, some big asset managers reckon it could be time to start buying even if the sector's recent rally looks fragile. Once-booming emerging markets have underperformed their developed peers for five years
Published 08 Nov, 2015 12:00am
Amundi says on course for largest IPO of year in Paris

Amundi says on course for largest IPO of year in Paris

The Paris stock exchange was bracing for its biggest IPO of the year after Europe's largest asset manager Amundi said Monday it would go ahead with a stock listing that could value the firm nearly 9 billion euros. The shares of the firm, a joint venture o
Published 08 Nov, 2015 12:00am
Australia shares to slip in 2015 but rebound in 2016

Australia shares to slip in 2015 but rebound in 2016

Australia's benchmark stock index is expected to end the year down about 4 percent, marking its first annual loss since 2011, but will more than recoup those losses in 2016, according to a Reuters poll. Australian shares barely moved last year and were pr
Published 08 Nov, 2015 12:00am
Wall Street flat as rate hike eyed; banks counter utilities drop

Wall Street flat as rate hike eyed; banks counter utilities drop

US stocks ended little changed on Friday, with a rise in financials countered by a slide in utilities and other sectors, as Wall Street took the strong US jobs report as evidence the Federal Reserve will soon raise interest rates. Since the Fed last week
Published 08 Nov, 2015 12:00am
Indonesia's forex reserves fall
Currency

Indonesia's forex reserves fall

Indonesia's foreign exchange reserves fell by $1 billion to $100.7 billion in October, the country's central bank said in a statement Friday. Bank Indonesia also said that it partially used the reserves for currency intervention in the month. From Septemb
Published 08 Nov, 2015 12:00am
TPP countries agree to not manipulate currencies
Currency

TPP countries agree to not manipulate currencies

The 12 countries of the ambitious Trans-Pacific Partnership free-trade deal announced a parallel agreement Thursday to avoid currency manipulation, a particular worry of the United States. In a joint declaration accompanying the release of the full text o
Published 08 Nov, 2015 12:00am
Daily retail FX volumes rise to $325 billion in third quarter
Currency

Daily retail FX volumes rise to $325 billion in third quarter

Online retail brokers traded $325 billion worth of currencies daily in the third quarter, down from record levels early this year but up from the previous quarter helped by a series of China-driven market shocks, industry data showed on Tuesday. Previousl
Published 08 Nov, 2015 12:00am
Canadian dollar slides to five-week low
Currency

Canadian dollar slides to five-week low

The Canadian dollar hit its weakest level against the US dollar since October 1 after robust US jobs data eclipsed an election-enhanced jump in Canadian jobs, with soft oil prices and the Keystone pipeline rejection also weighing on the currency. Canada a
Published 08 Nov, 2015 12:00am
Dollar hits seven-month high on jobs data

Dollar hits seven-month high on jobs data

The dollar jumped to a seven-month high on Friday, pushing oil prices lower, and short-term US bond yields rose to the highest in five years after strong US jobs data bolstered expectations the Federal Reserve will raise interest rates in December. Nonfar
Published 08 Nov, 2015 12:00am
Morgan Stanley cuts euro/dollar forecasts
Currency

Morgan Stanley cuts euro/dollar forecasts

Morgan Stanley lowered its euro/dollar forecasts on Monday, citing further monetary easing measures by the European Central Bank before the end of the year. The US investment bank expects the ECB to cut its deposit rate by 10 basis points at its December
Published 08 Nov, 2015 12:00am
Dollar net longs climb to 2-1/2-month peak
Currency

Dollar net longs climb to 2-1/2-month peak

Speculators bolstered bullish bets on the US dollar in the latest week, as net longs climbed to their highest in more than two months, according to Reuters calculations and data from the Commodity Futures Trading Commission released on Friday. The value o
Published 08 Nov, 2015 12:00am
Resurgent kiwi a headache for NZ's central bank

Resurgent kiwi a headache for NZ's central bank

The New Zealand dollar has surged nearly 10 percent in the past month alone, adding to the drag on an economy battling weak commodities and slack demand from China and keeping the heat on the central bank to lower interest rates further still. While the R
Published 08 Nov, 2015 12:00am
Shakib, Rahim star in Bangladesh win

Shakib, Rahim star in Bangladesh win

Shakib Al Hasan grabbed his maiden five-wicket haul and Mushfiqur Rahim hit a fine century as Bangladesh crushed Zimbabwe by 145 runs in the first one-day international in Dhaka on Saturday. Rahim hit 107 off 109 balls to help the hosts recover from a sha
Published 08 Nov, 2015 12:00am
India spin South Africa to defeat in first Test

India spin South Africa to defeat in first Test

India's spinners tied South Africa's batsmen in knots to give the hosts a 108-run victory in the bowler-dominated first Test in Mohali on Saturday. Left-arm spinner Ravindra Jadeja grabbed five wickets and off-spinner Ravichandran Ashwin took three as the
Published 08 Nov, 2015 12:00am
Aggression my forte, says Yasir Shah

Aggression my forte, says Yasir Shah

Pakistan's fast-rising leg-spinner Yasir Shah Saturday vowed to keep his aggressive style intact after spinning Pakistan to a 2-0 series win over England this week. Shah captured seven wickets to help Pakistan win the third and final Test in Sharjah on Th
Published 08 Nov, 2015 12:00am
Army win Judo championship

Army win Judo championship

The Pakistan Army won the 7th Women National Judo Championship with a narrow margin, while the Pakistan Water and Power Development Authority (Wapda) grabbed the second position in the event. The two-day championship was held here at Punjab Sports Gymnasi
Published 08 Nov, 2015 12:00am
IAAF scandal 'worse than FIFA'

IAAF scandal 'worse than FIFA'

The scale of doping corruption and money-laundering within athletics dwarfs the financial scandals engulfing FIFA, according to the author of a new wide-ranging report into track and field backed by the World Anti-Doping Agency. An independent commission
Published 08 Nov, 2015 12:00am
Murray outpaces Ferrer to reach Paris Masters final

Murray outpaces Ferrer to reach Paris Masters final

World number three Andy Murray reached his maiden Paris Masters final when he outpaced Spanish eighth seed David Ferrer 6-4 6-3 despite a few off moments on Saturday. The British second seed lost his focus at times but eventually had more in store than th
Published 08 Nov, 2015 12:00am
Burns, Warner centuries as Australia pound Kiwis

Burns, Warner centuries as Australia pound Kiwis

Joe Burns smashed two sixes to reach his maiden Test century and David Warner joined illustrious company with back-to-back tons as Australia amassed a huge lead over New Zealand in the first Gabba Test on Saturday. Burns, playing in only his third Test ma
Published 08 Nov, 2015 12:00am
Hitler was shrewd, not so hypnotic, new German biography says

Hitler was shrewd, not so hypnotic, new German biography says

A new biography of Hitler by a prominent German historian is likely to stir controversy with its argument that the Nazi leader's political acumen has been underestimated and that the belief in his hypnotic grip over Germans is inflated. Peter Longerich's
Published 08 Nov, 2015 12:00am
Suspected Russian strikes kill 23 Syria civilians

Suspected Russian strikes kill 23 Syria civilians

At least 23 Syrian civilians were killed Saturday in suspected Russian air strikes on a rebel-held town outside Damascus, a monitor said. Elsewhere, the Islamic State group freed 37 Syrian Christians who were among more than 200 people kidnapped in Februa
Published 08 Nov, 2015 12:00am
German secret service 'systematically spied' on allies

German secret service 'systematically spied' on allies

Germany's secret service "systematically spied" on its allies and various international organisations such as the Red Cross, Der Spiegel magazine reported on Saturday. The German intelligence agency BND has already been accused of eavesdropping on officia
Published 08 Nov, 2015 12:00am
Bombs across Baghdad kill nine people

Bombs across Baghdad kill nine people

Bombs in and around Baghdad killed at least nine people on Saturday, police and medical sources said, highlighting security challenges that include Islamist militancy and sectarian conflict. There was no immediate claim of responsibility but Islamic State
Published 08 Nov, 2015 12:00am
Russia faces evacuating 80,000 nationals from Egypt

Russia faces evacuating 80,000 nationals from Egypt

Around 80,000 Russians are stranded in Egypt after the Kremlin grounded all flights to the country following the crash of a Russian airliner in the Sinai Peninsula, Deputy Prime Minister Arkady Dvorkovich said on Saturday. President Vladimir Putin ordered
Published 08 Nov, 2015 12:00am
EU orders Estonia to recover illegal aid given to Estonian Air

EU orders Estonia to recover illegal aid given to Estonian Air

European Union regulators have ordered Estonia to recover 85 million euros ($91.31 million) in state aid granted to Estonian Air because this gave the loss-making national flag carrier an unfair advantage. The decision by the European Commission came afte
Published 08 Nov, 2015 12:00am
Children massacred in South Sudan battles: UN

Children massacred in South Sudan battles: UN

Dozens of children have been killed in fighting in South Sudan, where battles rage despite political deals to end almost two years of civil war, the United Nations has said. The UN said that fighting in the northern battleground state of Unity has "intens
Published 08 Nov, 2015 12:00am
19 killed in coalition strikes, clashes in south Yemen

19 killed in coalition strikes, clashes in south Yemen

At least 19 people have been killed in Saudi-led coalition air strikes and clashes between pro-government forces and rebels in Yemen's south, military sources said on Saturday. The air strikes late on Friday targeted two rebel vehicles on a road linking t
Published 08 Nov, 2015 12:00am
Hundreds more UK travellers stuck in Egypt hope to fly home

Hundreds more UK travellers stuck in Egypt hope to fly home

Hundreds more British holidaymakers stranded in the Egyptian resort of Sharm el-Sheikh were hoping to return home Saturday after days of uncertainty following the Sinai plane crash. Britain suspended flights to the Red Sea resort on Wednesday after saying
Published 08 Nov, 2015 12:00am
Hundreds more UK travellers stuck in Egypt hope to fly home

Hundreds more UK travellers stuck in Egypt hope to fly home

Hundreds more British holidaymakers stranded in the Egyptian resort of Sharm el-Sheikh were hoping to return home Saturday after days of uncertainty following the Sinai plane crash. Britain suspended flights to the Red Sea resort on Wednesday after saying
Published 08 Nov, 2015 12:00am
Gabon vendor dies after setting himself on fire

Gabon vendor dies after setting himself on fire

A young street vendor in Gabon who set himself on fire after police confiscated his goods has died of his injuries after suffering for nearly a week, a newspaper reported Saturday. Berenger Obame Ntoutoume, 28, self-immolated on Sunday at a local police s
Published 08 Nov, 2015 12:00am
Morocco stands fast on Western Sahara autonomy plan

Morocco stands fast on Western Sahara autonomy plan

Morocco's king said he will offer no more than autonomy for the disputed Western Sahara, a few days after United Nations chief called for "true negotiations" to end the four-decade deadlock over the region. Morocco has controlled most of Western Sahara si
Published 08 Nov, 2015 12:00am
Sri Lankan charged with new assassination plot in Maldives

Sri Lankan charged with new assassination plot in Maldives

Police in the Maldives have charged a Sri Lankan man with planning a sniper attack on President Abdulla Yameen just weeks after a blast ripped through his boat in an alleged assassination attempt, officials said on Saturday. The chain of Indian Ocean isla
Published 08 Nov, 2015 12:00am
US task force expected to recommend drone registry be free

US task force expected to recommend drone registry be free

A federal task force is expected to recommend a Web-based registry for drone owners that would impose no registration fees, two people familiar with the matter said on Friday. The 25-member task force has reached no final decisions after three days of mee
Published 08 Nov, 2015 12:00am
Egypt says foreign powers ignored calls to fight terrorism

Egypt says foreign powers ignored calls to fight terrorism

Egypt criticised its foreign partners on Saturday for ignoring calls to work harder to combat terrorism, after Western intelligence sources said there were signs Islamist militants may have bombed the Russian plane which crashed in Sinai. An Islamic State
Published 08 Nov, 2015 12:00am
Israeli troops in Hebron crackdown after shootings

Israeli troops in Hebron crackdown after shootings

Israeli forces on Saturday blocked exits from the southern West Bank city of Hebron as they launched a manhunt for assailants after shooting incidents targeting Jewish worshippers and a soldier. Two Israeli teenagers were shot and wounded on Friday at the
Published 08 Nov, 2015 12:00am
Burundi dismisses global alarm over threats to crush opponents

Burundi dismisses global alarm over threats to crush opponents

Burundi said Saturday it wanted only to crush "terrorism" as it dismissed international fears of fresh bloodletting if the government carries out threats to stamp out resistance to the president. "There will be no war or genocide," presidential communicat
Published 08 Nov, 2015 12:00am
US can still close Guantanamo before Obama leaves

US can still close Guantanamo before Obama leaves

The Obama administration still has time to close the Guantanamo Bay military prison before the president leaves office, the White House said on Friday, adding that it is continuing to work on transferring detainees from the center. The United States is wo
Published 08 Nov, 2015 12:00am
Controversial Russian media mogul found dead in Washington

Controversial Russian media mogul found dead in Washington

Controversial Russian media mogul Mikhail Lesin, who helped found the RT English-language television network, has been found dead at a Washington hotel. He was 57. RT, formerly known as Russia Today, said the former minister of media affairs died of a hea
Published 08 Nov, 2015 12:00am
Berlin protesters, police clash near anti-migrant march

Berlin protesters, police clash near anti-migrant march

Police clashed Saturday with activists who took to the streets of Berlin to shout down anti-migrant marchers of the populist-nationalist Alternative for Germany (AfD). At least 10 supporters of the migrants were arrested, an AFP journalist at the scene sa
Published 08 Nov, 2015 12:00am
Ex-BP engineer cleared of obstruction in Gulf of Mexico spill

Ex-BP engineer cleared of obstruction in Gulf of Mexico spill

A former BP Plc engineer charged with obstructing justice after the 2010 Gulf of Mexico oil spill pleaded guilty to a lesser charge on Friday and was sentenced to six months of probation, a US Justice Department spokesman said. Kurt Mix, who had been task
Published 08 Nov, 2015 12:00am
Astronauts carry out marathon spacewalk to recharge cooling system

Astronauts carry out marathon spacewalk to recharge cooling system

Two US astronauts spent nearly eight hours spacewalking outside the International Space Station on Friday, grappling with an escape of potentially hazardous ammonia as they switched out a cooling system, NASA said. Station commander Scott Kelly and flight
Published 08 Nov, 2015 12:00am
Finnish government avoids break-up, reaches reform deal

Finnish government avoids break-up, reaches reform deal

Finland's centre-right government early on Saturday struck a deal over cutting costs in the recession hit country's healthcare system, avoiding the coalition's break-up but raising questions over its future ability to pass painful reforms. Prime Minister
Published 08 Nov, 2015 12:00am
SGS to host international coal conference

SGS to host international coal conference

The world is facing a major challenge to meet future energy supplies. With global energy demand projected to rise up to 55 percent by 2030, fossil fuels will continue to hold a dominant share of the world's energy mix. Demand for coal rise by 70 percent i
Published 08 Nov, 2015 12:00am
Siraj slams government for new taxes under pressure IMF

Siraj slams government for new taxes under pressure IMF

JI Ameer Sirajul Haq while speaking at news conference on Saturday has criticised the government's decision to impose new taxes of Rs 40 billion to get loans from IMF. "JI will not accept any such decision and would raise issue in National Assembly and Se
Published 08 Nov, 2015 12:00am
Prices of essential kitchen items increase

Prices of essential kitchen items increase

The prices of most of the essential kitchen items witnessed an increase in the past week as compared to preceding week, reveals a survey conducted by Business Recorder here on Saturday. The survey observed that peas and shimla mirch price increased
Published 08 Nov, 2015 12:00am
TDAP holds 100 expos in foreign countries
Cotton

TDAP holds 100 expos in foreign countries

Trade Development Authority of Pakistan (TDAP) successfully organised a record number of 100 single country expos in foreign countries to promote Pak products and attract foreign investors to Pakistan. TDAP Chief Executive S M Muneer told state-run media
Published 08 Nov, 2015 12:00am
Power sector: PBIF chief not satisfied with pace of reforms

Power sector: PBIF chief not satisfied with pace of reforms

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain, has said that pace of reforms in the power sector is frustrating which is threatening economic stability of the country. Power sector reforms are directly linked to investo
Published 08 Nov, 2015 12:00am
Power sector: PBIF chief not satisfied with pace of reforms

Power sector: PBIF chief not satisfied with pace of reforms

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain, has said that pace of reforms in the power sector is frustrating which is threatening economic stability of the country. Power sector reforms are directly linked to investo
Published 08 Nov, 2015 12:00am
Hazarat Ali Hajveri: Dar reviews arrangements for Urs congregation

Hazarat Ali Hajveri: Dar reviews arrangements for Urs congregation

Finance Minister Senator Mohammad Ishaq Dar here on Saturday chaired a meeting of Religious Purpose Committee of Daata Darbar to review arrangements of the 972nd Urs congregation of Hazarat Daata sahib. He impressed upon all officials of the Auqaf Departm
Published 08 Nov, 2015 12:00am
Four of family crushed to death by dumper

Four of family crushed to death by dumper

At least four members of same family including a couple, their daughter and another were crushed to death by an over speeding dumper here on Saturday. Police said that in Razzaqabad locality of the metropolis city of Karachi, an over speeding dumper ran o
Published 08 Nov, 2015 12:00am
Business delegation of Belarus visits Islamabad Chamber

Business delegation of Belarus visits Islamabad Chamber

A 17-member business delegation of Belarus visited Islamabad Chamber of Commerce and Industry to hold B2B meetings for exploring possibilities of business collaborations. The delegation was representing various fields including production of agricultural
Published 08 Nov, 2015 12:00am
DG PPD's appointment criticized

DG PPD's appointment criticized

Abdul Qadir Khan Durrani, a fruit exporter has claimed that Mubarak Ahmed, Director General Quarantine, Plant Protection Department, Government of Pakistan was appointed illegally in September 2013. Addressing a news conference here Saturday, Durrani said
Published 08 Nov, 2015 12:00am
CJP pays rich tributes to HSP founder

CJP pays rich tributes to HSP founder

Chief Justice of Pakistan Justice Anwar Zaheer Jamali on Saturday paid rich tributes to the founder of Horticulture Society of Pakistan (HSP) and Baba-e-Baghbani late A.K Khan. Speaking at a condolence meeting held at Garden Centre P2 at DHA, the CJP said
Published 08 Nov, 2015 12:00am
LB polls in Shangla: youth kills aunt for casting vote to opponent

LB polls in Shangla: youth kills aunt for casting vote to opponent

A ruthless youth gunned down his aunt here on Saturday for casting vote to an opponent candidate during recently held local bodies (LB) election. According to details, accused Faisal Awan contested for general councillor seat during recently held LB elect
Published 08 Nov, 2015 12:00am
Three women among six dead as jeep falls into gorge

Three women among six dead as jeep falls into gorge

At least six people of a family including three women and a child died and 10 others wounded when a jeep fell into deep gorge here on Saturday. Police said that a jeep carrying a family from Jabborri Bazaar to Sundi village of district Mansehra skidded of
Published 08 Nov, 2015 12:00am
Two Pakistanis burnt to death in KSA factory fire

Two Pakistanis burnt to death in KSA factory fire

Two Pakistani youth were burnt to death as fire broke out in a factory of Kingdom of Saudia Arabia (KSA) on Saturday. According to details, fire initiated due to unknown reasons, engulfed a factory of KSA manufacturing gold jewellery boxes. Two Pakistani
Published 08 Nov, 2015 12:00am
Projects activities under MDTF-Round-I closed down

Projects activities under MDTF-Round-I closed down

The Economic Affairs Division (EAD) has closed all project activities under Multi-Donor Trust Fund (MDTF) Round-1 financing. However, in order to ensure orderly closure of projects including accounts, inventories, assets etc December 12, 2015 has been dec
Published 08 Nov, 2015 12:00am
Projects activities under MDTF-Round-I closed down

Projects activities under MDTF-Round-I closed down

The Economic Affairs Division (EAD) has closed all project activities under Multi-Donor Trust Fund (MDTF) Round-1 financing. However, in order to ensure orderly closure of projects including accounts, inventories, assets etc December 12, 2015 has been dec
Published 08 Nov, 2015 12:00am
86 suspects held in Bannu, Karak

86 suspects held in Bannu, Karak

At least 86 suspects including a proclaimed offender were arrested during search operations conducted by police in Bannu and Karak on Saturday. According to police sources, after receiving information police conducted search operation in Domail area of Ba
Published 08 Nov, 2015 12:00am
PIA increases weekly flights

PIA increases weekly flights

PIA has increased the total number of flights on its profitable routes after induction of more aircrafts. According to a PIA spokesperson, the national carrier will introduce its fourth weekly flight from Lahore to Toronto (Canada) from December 04, 2015.
Published 08 Nov, 2015 12:00am
UBL Funds wins P@SHA ICT Awards

UBL Funds wins P@SHA ICT Awards

UBL Fund Managers Limited (UBL Funds) received two Pakistan Software Houses Association (P@SHA) ICT Awards at the P@SHA Annual Conference 2015, making them the first and only asset management company to win at the awards. P@SHA, in partnership with Punjab
Published 08 Nov, 2015 12:00am
UBL Funds wins P@SHA ICT Awards

UBL Funds wins P@SHA ICT Awards

UBL Fund Managers Limited (UBL Funds) received two Pakistan Software Houses Association (P@SHA) ICT Awards at the P@SHA Annual Conference 2015, making them the first and only asset management company to win at the awards. P@SHA, in partnership with Punjab
Published 08 Nov, 2015 12:00am
Over 150 accords, MoUs inked at investment moot: CM Punjab

Over 150 accords, MoUs inked at investment moot: CM Punjab

Punjab Chief Minister Shahbaz Sharif has said that during two-day international seminar on Business Opportunities in Punjab, over 150 agreements and MoUs have been signed by investment companies of China and Turkey, between the Punjab government and inves
Published 08 Nov, 2015 12:00am
PFA seals various outlets

PFA seals various outlets

Punjab Food Authority (PFA) on Saturday sealed numerous food outlets in Lahore on the charges of violating the rules of hygiene or working without food license. As per details, PFA Allama Iqbal Town team headed by PFA Director Operations Ayesha Mumtaz sea
Published 08 Nov, 2015 12:00am
Iqbal Day holiday: PBC announces strike tomorrow

Iqbal Day holiday: PBC announces strike tomorrow

Punjab Bar Council (PBC) has announced strike on Monday to register their protest against cancellation of Iqbal Day's as public holiday on November 9. Lahore Bar Association also supported the call of the provincial bar council and announced to boycott th
Published 08 Nov, 2015 12:00am
Ratio of various crimes in Capital witnesses upward trend

Ratio of various crimes in Capital witnesses upward trend

Despite tall claims of police, the ratio of various kinds of street crimes including auto theft, robbery, snatching as well as kidnapping of women, fatal road accident and cases of cheque dishonoring, witnessed an upward trend in federal Capital during la
Published 08 Nov, 2015 12:00am
UAF, Turkish University sign MoU

UAF, Turkish University sign MoU

The University of Kastamonu Turkey and the University of Agriculture Faisalabad on Saturday signed a Memorandum of Understanding to cooperate each other in research and education. MoU was signed by Rector University of Kastamonu Dr Sayit Aydin and UAF Vic
Published 08 Nov, 2015 12:00am
Fares of 12 trains reduced for one month

Fares of 12 trains reduced for one month

Pakistan Railways has decided to reduce fares of 12 different trains for one month besides 25 percent reduction on subsidy being given on fares of rail cars being run between Lahore and Rawalpindi. This was decided at a high-level meeting of Pakistan Rail
Published 08 Nov, 2015 12:00am
Kissan Package: Dar chairs meeting on implementation

Kissan Package: Dar chairs meeting on implementation

Finance Minister Senator Mohammad Ishaq Dar here on Saturday chaired a meeting of the senior officials of the Government of Punjab including Chief Secretary Khizar Hayat Gondal, Secretary Food as well as officials of the Finance Department. Finance Minist
Published 08 Nov, 2015 12:00am
Peaceful, prosperous Afghanistan vital for entire region: ANP chief

Peaceful, prosperous Afghanistan vital for entire region: ANP chief

Awami National Party (ANP), Central President, Asfandyar Wali Khan said the peaceful and prosperous Afghanistan is in best interest of the entire region, saying the Pakistan and Afghanistan are facing common threats and challenges. He asked both countries
Published 08 Nov, 2015 12:00am
Kashmir dispute: Jamaat-e-Islami chief urges UN to implement resolutions

Kashmir dispute: Jamaat-e-Islami chief urges UN to implement resolutions

Ameer, Jamaat-e-Islami Senator Sirajul Haq has said that the India could not suppress the Kashmiris right to self-determination by force and the Kashmiris would decide their future by themselves. He was addressing a huge rally organized by the JI in Islam
Published 08 Nov, 2015 12:00am
Prime Minister's Lodhran visit ECP to meet tomorrow

Prime Minister's Lodhran visit ECP to meet tomorrow

Election Commission of Pakistan (ECP) would meet Monday to review the complaint filed by Pakistan Tehreek-e-Insaf over Prime Minister Nawaz Sharif's visit to Lodhran ahead of by-election. PTI had termed the PM's visit to Lodhran as "pre-poll rigging" ahea
Published 08 Nov, 2015 12:00am
Department providing fish seeds to 9000 private farms: DG

Department providing fish seeds to 9000 private farms: DG

Director General Fisheries Punjab, Dr Muhammad Ayub has said that 17 big hatcheries and more than 30 small nursery units of public sector are providing ninety million fish seeds to 9000 private fish farms of the province. Annual fish production of these p
Published 08 Nov, 2015 12:00am
Court asked to verify medical certificate submitted by Musharraf

Court asked to verify medical certificate submitted by Musharraf

The prosecution lawyer in Abdul Rashid Ghazi murder case on Saturday requested the trial court to verify medical certificate submitted by former president General Pervez Musharraf (Retd), seeking exemption from appearing in person in the court due to ill
Published 08 Nov, 2015 12:00am
Imran decides to move court against protesting doctors

Imran decides to move court against protesting doctors

In a tit-for-tat move against protesting doctors of Khyber Pakhtunkhwa, the Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Saturday announced to approach the court against them, two days after he got a contempt of court notice over a plea filed by
Published 08 Nov, 2015 12:00am
Three killed in Jhang road accident

Three killed in Jhang road accident

At least three people died when a truck hit a motorcycle here on Saturday. Rescue sources said that the accident took place at Chiniot Road in Sherabad locality of Jhang where an over speeding truck knocked down a motorcycle carrying four people. Three mo
Published 08 Nov, 2015 12:00am
Local bodies' polls: Mirza demands deployment of army in Badin

Local bodies' polls: Mirza demands deployment of army in Badin

Former PPP leader Zulfiqar Mirza on Saturday demanded deployment of army during Local bodies' polls in Badin, claiming that there were chances of bloodshed during the polls as PPP had prepared a plan for massive rigging in the area. "I will not tolerate a
Published 08 Nov, 2015 12:00am
Target killer of TTP arrested

Target killer of TTP arrested

Rangers on Saturday arrested target-killer of the outlawed Tehreek-e-Taliban Pakistan (TTP) during a raid in Fareed Colony area of city. According to a Rangers spokesman, the suspect Syed Noor is also affiliated with a political party. During investigatio
Published 08 Nov, 2015 12:00am
Don't buy dollar for investment purposes: ECAP
Currency

Don't buy dollar for investment purposes: ECAP

Exchange Companies Association of Pakistan (ECAP) on Saturday urged general people to refrain from purchasing of the US dollar for investment purpose. Zafar Paracha General Secretary ECAP has said that reports of Pak rupee devaluation against the dollar a
Published 08 Nov, 2015 12:00am
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