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Dec 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-11-14
Australian shares plunge

Australian shares plunge

Australian shares fell sharply on Friday, thanks to plunging commodity prices as oil, gold and copper hit multi-year lows amid expectations the United States will hike interest rates next month. The S&P/ASX 200 index dropped 74.4 points or 1.5 percent to
Published 14 Nov, 2015 12:00am
Southeast Asian stocks weak on foreign selling

Southeast Asian stocks weak on foreign selling

Most Southeast Asian stock markets fell on Friday, weighed down by foreign selling after US Federal Reserve officials' comments on a likely December interest rate hike dented sentiment. Singapore's Straits Times Index dropped 1.1 percent to its lowest clo
Published 14 Nov, 2015 12:00am
FTSE hits six-week low as G4S and Rolls-Royce fall

FTSE hits six-week low as G4S and Rolls-Royce fall

Britain's top share index slid to a six-week low on Friday as Rolls-Royce stayed on a losing streak and security group G4S was hit by a broker's target-price cut. The FTSE 100 index ended 1 percent lower at 6,118.28 points, having at one stage fallen to 6
Published 14 Nov, 2015 12:00am
Aussie resilient, kiwi steadies
Currency

Aussie resilient, kiwi steadies

The Australian dollar was on track on Friday to post a 1 percent weekly gain, displaying remarkable resilience amid a commodity tumble and growing speculation of a Federal Reserve interest rate hike next month. The Australian dollar held firm at $0.7132,
Published 14 Nov, 2015 12:00am
Dollar stalls in Asia
Currency

Dollar stalls in Asia

The dollar stalled on Friday, on track to post weekly losses against the euro and yen, as the market's appetite for risk receded amid a tumble in equities that pulled the greenback further away from its recent highs. The dollar fetched 122.60 yen after ca
Published 14 Nov, 2015 12:00am
Dollar up against euro in Europe
Currency

Dollar up against euro in Europe

The euro looked set to end the week in positive territory on Friday, a small loss on the day leaving it well above $1.0700 and stymieing those who had expected the greenback to surge again after very strong jobs data a week ago. US retail sales is the mai
Published 14 Nov, 2015 12:00am
Early trade in New York; Dollar rises against major currencies

Early trade in New York; Dollar rises against major currencies

The dollar moved higher against major currencies on Friday as US retail sales fell short of forecasts but did not alter expectations the Federal Reserve may raise interest rates in December. The 0.1 percent gain in retail sales last month helped push the
Published 14 Nov, 2015 12:00am
Dollar stays broadly lower in New York
Currency

Dollar stays broadly lower in New York

The US dollar dropped for a second day on Thursday as investors booked profits from its precipitous rise in November, sending other major currencies higher. The dollar fell against the euro, yen and Swiss franc, but analysts remained bullish on the longer
Published 14 Nov, 2015 12:00am
Sri Lankan rupee hits record low
Currency

Sri Lankan rupee hits record low

The Sri Lankan rupee hit a record low on Friday as importer dollar demand surpassed the greenback sales from a bank, currency dealers said. The central bank, however, prevented the currency from falling further by restricting trades below 142.00 per dolla
Published 14 Nov, 2015 12:00am
Risk aversion hits Asia FX; won leads weekly slide
Currency

Risk aversion hits Asia FX; won leads weekly slide

Most emerging Asian currencies eased on Friday and are set to post weekly losses, dampened by waning risk appetite and a looming US interest rate rise amid sluggish global growth. The South Korean won hit its weakest in more than one month as continuous f
Published 14 Nov, 2015 12:00am
South African rand tumbles

South African rand tumbles

Stocks ended in the red and the rand weakened against the dollar on Friday, reacting to falls in commodity prices which tumbled to multi-year lows on worries over a glut in supply and slower global economic growth. At 1536 GMT the rand was 0.66 percent we
Published 14 Nov, 2015 12:00am
Sterling dips against dollar
Currency

Sterling dips against dollar

Sterling slipped against the dollar on Friday, pegged back by comments from a senior Bank of England policymaker who said an interest rate hike by the Federal Reserve would not automatically lead to a response in Britain. A day after BoE chief economist A
Published 14 Nov, 2015 12:00am
China's yuan falls
Currency

China's yuan falls

China's yuan weakened against the dollar on Friday after the central bank set a weaker midpoint rate and companies bought dollars, traders said. "We see large demand for dollars by corporates while few banks sold dollars," said a trader at a Chinese comme
Published 14 Nov, 2015 12:00am
Nakhid appeals FIFA rejection

Nakhid appeals FIFA rejection

Former Trinidad and Tobago player David Nakhid on Friday lodged an appeal with the Court of Arbitration for Sport (CAS) contesting FIFA's decision to disqualify him as a presidential candidate. Both Nakhid, 51, and his lawyer Jalal El-Mir were in Lausanne
Published 14 Nov, 2015 12:00am
Spanish chief fined, warned for failing to help FIFA probe

Spanish chief fined, warned for failing to help FIFA probe

Crisis-hit world governing body FIFA have fined Spanish football chief Angel Maria Villar Llona and suspended two African officials for six months, the body's ethics committee announced on Friday. Villar Llona, who is also a vice-president of both FIFA an
Published 14 Nov, 2015 12:00am
Career best Warner puts Kiwis to sword

Career best Warner puts Kiwis to sword

Opener David Warner continued his love affair with New Zealand's bowling and the WACA Ground by notching a career-best double century as Australia took total control and records tumbled on the opening day of the second Test in Perth on Friday. After winni
Published 14 Nov, 2015 12:00am
James strikes for Colombia as deluge sinks Brazil-Argentina

James strikes for Colombia as deluge sinks Brazil-Argentina

Real Madrid star James Rodriguez returned to snatch a draw for Colombia against Chile on Thursday as Argentina and Brazil's long-awaited World Cup qualifying clash was postponed by torrential rain. Rodriguez, who missed Colombia's opening two 2018 World C
Published 14 Nov, 2015 12:00am
Socceroos confirm travel to Bangladesh

Socceroos confirm travel to Bangladesh

Australia confirmed Friday that the Socceroos will travel to Bangladesh for their World Cup qualifier, with Football Federation Australia saying they were happy with the security plans in place. Australia scrapped a two-Test cricket tour of Bangladesh las
Published 14 Nov, 2015 12:00am
ATP Tour Finals to stay in London until 2018

ATP Tour Finals to stay in London until 2018

The ATP World Tour Finals will remain in London until 2018, the event's chief Chris Kermode revealed on Thursday. With the latest edition of the prestigious season-ending tournament set to get underway on Sunday, ATP chief executive Kermode confirmed a de
Published 14 Nov, 2015 12:00am
Bangladesh outplay Zimbabwe despite Waller heroics

Bangladesh outplay Zimbabwe despite Waller heroics

Malcolm Waller and Graeme Cremer starred with bat and ball respectively but Zimbabwe still fell short in the first Twenty20 international against Bangladesh in Dhaka on Friday. The hosts bundled Zimbabwe out for 131 runs in 19.3 overs in a docile wicket b
Published 14 Nov, 2015 12:00am
German team switch hotels after bomb scare

German team switch hotels after bomb scare

The Germany football team were forced to change their hotel in Paris on Friday, after a bomb scare at their luxury accommodation ahead of their prestige friendly against France later in the day. A police investigation was ongoing at the Hotel Molitor in t
Published 14 Nov, 2015 12:00am
Indian tweeters turn on British Airways in Tendulkar row

Indian tweeters turn on British Airways in Tendulkar row

British Airways found itself under attack from fans of Sachin Tendulkar on Friday after the Indian cricket great complained on Twitter about the airline's poor service. Tendulkar, a national hero in cricket crazy India and the idol of millions of fans wor
Published 14 Nov, 2015 12:00am
England beat Pakistan in second one-dayer

England beat Pakistan in second one-dayer

England beat Pakistan by 95 runs in the second day-night international in Abu Dhabi on Friday, levelling the four-match series 1-1. Alex Hales scored 109 in England's 283-5 before Pakistan were dismissed for 188 in 45.5 overs. Swashbuckling opener Alex Ha
Published 14 Nov, 2015 12:00am
Kerry in Tunisia to help bolster fledgling democracy

Kerry in Tunisia to help bolster fledgling democracy

US Secretary of State John Kerry stressed Washington's support for Tunisia's young democracy during "strategic dialogue" Friday aimed at strengthening the partnership between the allies, including on the economic front. "The eyes of the world are on Tunis
Published 14 Nov, 2015 12:00am
US has 'contained' Islamic State group: Obama

US has 'contained' Islamic State group: Obama

The United States has halted the course of the Islamic State group, President Barack Obama said in remarks broadcast Friday, calling for a stepped up drive to "completely decapitate" the militants' operations. The ABC News interview was recorded Thursday
Published 14 Nov, 2015 12:00am
Japan spots Chinese spy ship near disputed isles

Japan spots Chinese spy ship near disputed isles

Japan said Friday it was monitoring waters near islands disputed with China in the East China Sea after it spotted a naval intelligence ship from the country operating in a new area for the first time. Japan's Defence Ministry said late Thursday a P-3C pa
Published 14 Nov, 2015 12:00am
Egypt Air barred from flying into Russia

Egypt Air barred from flying into Russia

Russian aviation authorities have banned Egypt Air from flying into the country, one of Moscow's airports said Friday, with Russian flights between the two countries already suspended following the passenger jet crash in Sinai. Moscow's Domodedovo airport
Published 14 Nov, 2015 12:00am
US 'reasonably certain' that 'Jihadi John' killed in drone strike

US 'reasonably certain' that 'Jihadi John' killed in drone strike

The US military said Friday it was "reasonably certain" that it killed the ruthless Islamic State militant known as "Jihadi John" in a drone strike in Syria. The masked British militant targeted in Thursday's strike sparked world-wide revulsion with his g
Published 14 Nov, 2015 12:00am
Assad 'has to go' as part of transition: British FM

Assad 'has to go' as part of transition: British FM

President Bashar al-Assad "has to go" as part of a transition in Syria, British Foreign Secretary Philip Hammond said Friday on the eve of the Syrian talks in Vienna. "Bashar al-Assad has to go as part of the transition in Syria, but we recognise that if
Published 14 Nov, 2015 12:00am
Putin says has no 'right' to ask Assad to leave power

Putin says has no 'right' to ask Assad to leave power

President Vladimir Putin said in an interview released Friday that Russia has no "right" to ask Syrian leader Bashar al-Assad to leave power. His remarks came just days before leaders from the world's top 20 industrial powers gather in Turkey for a summit
Published 14 Nov, 2015 12:00am
Iraq Kurd chief announces 'liberation' of Sinjar from IS

Iraq Kurd chief announces 'liberation' of Sinjar from IS

Iraqi Kurdish leader Massud Barzani announced the "liberation" of Sinjar from the Islamic State group Friday in an assault backed by US-led air strikes that cut a key jihadist supply line with Syria. The operation, led by the autonomous Kurdish region's p
Published 14 Nov, 2015 12:00am
Israeli father and son, three Palestinians killed in West Bank

Israeli father and son, three Palestinians killed in West Bank

An Israeli father and son were shot dead in an apparent ambush near Hebron Friday on a day that also saw three Palestinians die after being shot by Israeli soldiers. An unknown assailant killed the two Israelis when he opened fire on a car near the Jewish
Published 14 Nov, 2015 12:00am
Baghdad bombings targeting Shias kill at least 15

Baghdad bombings targeting Shias kill at least 15

Attacks targeting Shias in Baghdad, including a suicide bombing at a funeral in a mosque, killed at least 15 people on Friday, security and medical officials said. The suicide bombing inside the Al-Ashara al-Mubashareen mosque in the Amil area of south Ba
Published 14 Nov, 2015 12:00am
South African students win university language victory

South African students win university language victory

After months of turmoil at South African universities, student protesters on Friday won the right to be taught in English at Stellenbosch University, the intellectual home of Afrikaners during apartheid. It was the latest victory for increasingly militant
Published 14 Nov, 2015 12:00am
Congo militia leader to go free as ICC cuts term

Congo militia leader to go free as ICC cuts term

The International Criminal Court Friday cut a 12-year prison term imposed on a Congolese militia leader for a brutal attack on a village, saying he would be freed in January after he had voiced regret for his actions. A panel of three judges from the war
Published 14 Nov, 2015 12:00am
Six killed as Ukrainian helicopter crashes in Slovakia

Six killed as Ukrainian helicopter crashes in Slovakia

At least six people died when a Mi-2 helicopter registered in Ukraine crashed in eastern Slovakia, the EU member's Interior Minister Robert Kalinak said Friday. He told reporters that the accident likely occurred Wednesday - when the helicopter crossed th
Published 14 Nov, 2015 12:00am
Norway disarms its police officers

Norway disarms its police officers

Norway's police, who have been authorised to carry firearms for the past year due to a heightened threat of Islamist attacks, will be unarmed again now that the threat level has been lowered, police said Friday. National police chief Odd Reidar Humlegard
Published 14 Nov, 2015 12:00am
US sanctions North Korea ambassador to Myanmar over arms deals

US sanctions North Korea ambassador to Myanmar over arms deals

The US Treasury blacklisted North Korea's ambassador in Myanmar Friday, calling him a "facilitator" of Pyongyang's already-sanctioned arms trading company Komid. The Treasury placed on its sanctions list Kim Sok Chol, the ambassador, as well as Komid offi
Published 14 Nov, 2015 12:00am
Microsoft launches drive for schools

Microsoft launches drive for schools

Microsoft has launched the 'Upgrade Your World' campaign' in Pakistan, to create awareness among the school children, about the benefits of upgrading your computers to the latest Microsoft 'Windows 10' - best ever Windows. This series of Road shows will s
Published 14 Nov, 2015 12:00am
FFC sends relief goods to quake victims

FFC sends relief goods to quake victims

Fauji Fertilizer Company Limited, Pakistan's premium fertilizer brand, has successfully concluded its relief program for the affectees of the massive earthquake that struck Pakistan on October 26, 2015. According to an announcement of the company here on
Published 14 Nov, 2015 12:00am
Proposed city to generate huge economic activity: Agha

Proposed city to generate huge economic activity: Agha

The proposed economic city near Lillah Interchange along Motorway (M-2) is expected to generate huge economic activity during its construction phase, said Ali Agha, Manager New Economic City Development Project of the Urban Unit Punjab. He was addressing
Published 14 Nov, 2015 12:00am
US CG visits USAID projects

US CG visits USAID projects

The US Consul General in Karachi, Brian Heath, visited US Agency for International Development (USAID) projects in Sanghar, including the District Headquarters Hospital and Khatoon-e-Pakistan School.
Published 14 Nov, 2015 12:00am
Martin Dow setting up clinic for IBA students

Martin Dow setting up clinic for IBA students

A leading pharmaceutical company of Pakistan, Martin Dow, as a part of its CSR initiative, is setting up a clinic in the premises of Institute Business Administration's (IBA) University, to meet basic health care needs of its students. The clinic's ground
Published 14 Nov, 2015 12:00am
SHC stops evacuation process

SHC stops evacuation process

Sindh High Court has ordered the police to stop the process of evacuation of Moon Garden residents till 19th of November. Karachi police had earlier sealed Moon Garden flats on Friday after negotiations with residents. Police along with female constables,
Published 14 Nov, 2015 12:00am
Hi-Tech Lubricants company launches Vision 2020

Hi-Tech Lubricants company launches Vision 2020

The Hi-Tech Lubricants Company has organised its nation-wide distributors' conference in the provincial metropolis to launch its Vision 2020. The conference focused on increasing sales and distribution of its leading machine lubricants brand-ZIC oil being
Published 14 Nov, 2015 12:00am
TEVTA, BSP sign MoU

TEVTA, BSP sign MoU

A Memorandum of Understanding has been signed between the Technical and Vocational Training Authority and the Bulleh Shah Packaging to increase employment opportunities and capacity-building programmes through training empowerment.
Published 14 Nov, 2015 12:00am
Educational programmes promoted national unity: Shahbaz

Educational programmes promoted national unity: Shahbaz

Punjab Chief Minister Shahbaz Sharif has said that Punjab government has provided funds of billions of rupees for ensuring quality health and educational facilities to the masses. Special attention is being paid to the promotion of quality education and i
Published 14 Nov, 2015 12:00am
Security provision refused: anti-polio drive suspended in Quetta

Security provision refused: anti-polio drive suspended in Quetta

Anti-polio drive in Quetta was suspended on Friday as the police refused to provide security to polio workers. According to details, the police while reasoning the lack of resources rejected the availability of security to the polio teams after which the
Published 14 Nov, 2015 12:00am
Security, political situation: Balochistan governor briefs President

Security, political situation: Balochistan governor briefs President

Expressing satisfaction on improvement of law and order situation in Balochistan, President Mamnoon Hussain said China-Pakistan Economic Corridor (CPEC) and development of Gwadar Port would bring development and prosperity to Pakistan particularly in Balo
Published 14 Nov, 2015 12:00am
NBP president opens DHA Phase-1 Jehlum Road Branch

NBP president opens DHA Phase-1 Jehlum Road Branch

President NBP, Syed Iqbal Ashraf inaugurated DHA, Phase-1 Jehlum Road Branch, Islamabad. The inaugural ceremony was attended by Mudassir H. Khan, Group Chief CRBG, Irtaza Kazmi, Co-ordinator-PMYBL, Farooq Hasan, Regional Head, Islamabad and senior officia
Published 14 Nov, 2015 12:00am
Government urged to implement uniform curriculum

Government urged to implement uniform curriculum

Speakers at the meeting of Shura Hamdard Karachi chapter urged the government to implement unified curriculum in the country, make Urdu, a lingua franca of Pakistan, medium of instruction which was also favoured by Quaid-i-Azam Muhammad Ali Jinnah. The me
Published 14 Nov, 2015 12:00am
MQM, Lyari gang, others have joined hands against us: PPP leader

MQM, Lyari gang, others have joined hands against us: PPP leader

Pakistan People's Party (PPP) on Friday alleged that conglomerate of terrorists' patrons including Muttahida Qaumi Movement, Lyari gangs and other anti-PPP forces have join hands against the party to oust it from the election process. Addressing a press c
Published 14 Nov, 2015 12:00am
Tufail calls for ratification of APPI at the earliest

Tufail calls for ratification of APPI at the earliest

Convenor of the ECO Chamber of Commerce & Industry's (Pakistan Chapter) special committee on industrial cooperation and investment, Zubair Tufail, has urged the Ministry of Foreign Affairs and Board of Investment (BOI) to deal with the issues concerning r
Published 14 Nov, 2015 12:00am
EFU Life launches rural awareness drive in Sindh

EFU Life launches rural awareness drive in Sindh

EFU Life, the leading life insurer in Pakistan with a vision of providing life insurance to all households in the country, has launched a Rural Awareness Drive in Sindh. The initiative 'Choti Rakam Bara Kamal' is the first step to reaching the rural parts
Published 14 Nov, 2015 12:00am
Careem to invest $60 million in Pakistan, MENA region

Careem to invest $60 million in Pakistan, MENA region

Careem, the (MENA) region's locally founded app-based car service announced a Series C investment of $60 million with The Abraaj Group as lead investor. This funding represents one of the largest investments in the region's emerging technology sector and
Published 14 Nov, 2015 12:00am
Al Meezan opens new branch in DHA Phase-II Lahore

Al Meezan opens new branch in DHA Phase-II Lahore

Al Meezan Investment Management Limited on Friday announces the opening of another branch at DHA Phase-II Lahore. With this branch, Al Meezan Investments has now 11 branches in 7 major cities in Pakistan including Karachi, Lahore, Faisalabad, Islamabad, P
Published 14 Nov, 2015 12:00am
Government asked to tackle water crisis on urgent basis

Government asked to tackle water crisis on urgent basis

Persisting water crisis in the country might create serious security situation if the government failed to tackle the issue on an urgent basis. "Pakistan is confronted with many grave challenges and one of the major challenges is the mismanagement of the
Published 14 Nov, 2015 12:00am
Government asked to tackle water crisis on urgent basis

Government asked to tackle water crisis on urgent basis

Persisting water crisis in the country might create serious security situation if the government failed to tackle the issue on an urgent basis. "Pakistan is confronted with many grave challenges and one of the major challenges is the mismanagement of the
Published 14 Nov, 2015 12:00am
Zong launches iPhone 6S and 6S Plus

Zong launches iPhone 6S and 6S Plus

Zong, Pakistan's first and only 3G + 4G network here on Friday officially launched the latest iPhone 6S and 6S Plus for its valued customers at a colourful ceremony arranged at state-of-the-art Experience & Customer Centre. As per set pattern prescribed b
Published 14 Nov, 2015 12:00am
RCCI delegation visits Wah Noble

RCCI delegation visits Wah Noble

A delegation of Rawalpindi Chamber of Commerce headed by Mian Humayun Pervez visited Wah Nobel Group of Companies on Thursday. On arrival at Wah Nobel, the delegation was received by Chief Executive Wah Nobel Brigadier Shiraz ullah Chudhary (Retd). During
Published 14 Nov, 2015 12:00am
Maulana Aziz cancels rally after government warning

Maulana Aziz cancels rally after government warning

Thwarting a planned rally of former cleric of Lal Masjid Maulana Abdul Aziz on Friday, the government warned the former cleric of strict action in case he violated the law. An official said that the district administration in August this year had put the
Published 14 Nov, 2015 12:00am
Second version of KLIC being held from November 17

Second version of KLIC being held from November 17

A bigger and improved second version of Knowledge Leadership in Innovation and Creativity (KLIC) is being held in a local hotel on November 17 and 18. KLIC is Pakistan's first international conference on innovation. It was held last year in November with
Published 14 Nov, 2015 12:00am
NBP notifies

NBP notifies

This is to inform all the users that ATM and Internet Banking Services of National Bank of Pakistan (NBP) may not be available on Sunday, 15 November 2015 from 1:00 am to 4:00 am and on Monday, 16 November 2015 from 1:00 am to 4:00 am. This interruption w
Published 14 Nov, 2015 12:00am
Bilawal too young to appreciate politics: Imran

Bilawal too young to appreciate politics: Imran

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Friday, in a rebuttal to Pakistan People's Party's (PPP) co-chairman Bilawal Bhutto has said that no one becomes leader of the country by reading speeches that are written by others. Imran Khan threw s
Published 14 Nov, 2015 12:00am
APCAA convention in December

APCAA convention in December

All Pakistan Customs Agents Association (APCAA) is going to organise "APCAA convention" in December. According to APCCA Vice Chairman Arshad Jamal, association chairman is heading the whole process of APCAA restructuring. He said that Customs agents were
Published 14 Nov, 2015 12:00am
Six injured in Lyari grenade attack

Six injured in Lyari grenade attack

At least five people were injured in a grenade attack in Nayabad area of Lyari Town, here on Friday. According to police sources, two attackers on a motorcycle lobbed a hand grenade at people standing at a water pumping station. At least five people were
Published 14 Nov, 2015 12:00am
Securities Broker Regulations 2015: Only 'fat cats' to rule PSE?

Securities Broker Regulations 2015: Only 'fat cats' to rule PSE?

If the enraged stock brokers are to be believed, the Pakistan Stock Exchange (PSE) is going to be a national bourse meant for trading only by the 'fat cats'. The PSE, which came into being after the recent integration of Karachi, Lahore and Islamabad bour
Published 14 Nov, 2015 12:00am
IBA establishes Centre for Excellence in Islamic Finance

IBA establishes Centre for Excellence in Islamic Finance

Institute of Business Administration (IBA) announced the establishment of the Centre for Excellence in Islamic Finance at IBA. IBA has launched IBA-CEIF in collaboration with Meezan Bank and Dr Ishrat Hussain will be Chairman CEIF, while Irfan Siddiqui, C
Published 14 Nov, 2015 12:00am
'IBI deposits likely to hit Rs 4 trillion mark by 2020'

'IBI deposits likely to hit Rs 4 trillion mark by 2020'

Ahmed Ali Siddiqui Founding Director Centre for Excellence in Islamic Finance (CEIF) at Institute of Business Administration (IBA) Friday said that Pakistan's Islamic Banking Industry (IBI) is rapidly growing and its deposits are likely to reach Rs 4 tril
Published 14 Nov, 2015 12:00am
K-Electric appoints Chief Marketing Officer

K-Electric appoints Chief Marketing Officer

K-Electric issued a press statement announcing the appointment of Fakhar Ahmed as its Chief Marketing & Communication Officer. The press statement further detailed that Fakhar Ahmed has over 18 years of diversified management experience in Communications,
Published 14 Nov, 2015 12:00am
Farmer sues government to demand action on climate change

Farmer sues government to demand action on climate change

Asghar Leghari had had enough. The farmer was tired of watching his family fight against the unpredictable weather that threatened their crops in Rahim Yar Khan District, in South Punjab region. He was also disheartened by the fates of many small-scale fa
Published 14 Nov, 2015 12:00am
Gas supply to industrial sector curtailed

Gas supply to industrial sector curtailed

The gas quota for the industrial sector has been cut to 25 percent from 33 here on Friday. General Manager Sales Sui Northern Gas Pipelines Limited (SNGPL) has informed that in view of increase in city load and with decrease in ambient temperature, gas su
Published 14 Nov, 2015 12:00am
All efforts be made to enhance trade ties: Australian HC

All efforts be made to enhance trade ties: Australian HC

Australian High Commissioner Margaret Adamson has said all efforts should be made to enhance the trade ties with Pakistan. While meeting with Lahore Chamber of Commerce and Industry President Sheikh Muhammad Arshad and Vice President Nasir Saeed on Friday
Published 14 Nov, 2015 12:00am
LHC disqualifies councillor

LHC disqualifies councillor

The Lahore High Court has disqualified the elected councillor in Bhalwal for holding double national identity cards. The LHC has also told the Election Commission to hold re-election. The verdict came after a voter of the constituency filed a petition aga
Published 14 Nov, 2015 12:00am
Provision of 100,000 free bags of wheat seeds inaugurated
Cotton

Provision of 100,000 free bags of wheat seeds inaugurated

Provincial Minister for Agriculture Dr Farrukh Javed has inaugurated provision of 100,000 free bags of wheat seeds to the farmers at Punjab Seed Corporation Sahiwal Plant. The minister while addressing on the occasion on Friday said, "PML-N government is
Published 14 Nov, 2015 12:00am
Sialkot included in 'big city project': DCO

Sialkot included in 'big city project': DCO

Punjab government has declared Sialkot and Sahiwal as big cities of the Province said District Coordination Officer (DCO) Sialkot Dr Asif Tufail. Addressing the members of Sialkot Chamber of Commerce and Industry (SCCI) here he said the big city proposed
Published 14 Nov, 2015 12:00am
Trade with Pakistan: Nigerian Ambassador for sector-specific measures

Trade with Pakistan: Nigerian Ambassador for sector-specific measures

Nigerian Ambassador Ayodeji Oyodele has called for sector-specific measures to increase the bilateral trade between Pakistan and his country, saying both have a huge potential but very little trade and economic cooperation. The diplomat was leading a dele
Published 14 Nov, 2015 12:00am
PFOWA organises charity bazaar today

PFOWA organises charity bazaar today

Pakistan Foreign Office Women's Association (PFOWA) annual charity Bazaar is being held on Sunday. The event will be inaugurated by the Speaker of the National Assembly Sardar Ayaz Sadiq and his spouse Reema Ayaz Sadiq. All the proceeds of the Bazaar, as
Published 14 Nov, 2015 12:00am
Nigerian team meets FJMU VC

Nigerian team meets FJMU VC

A five-member of Nigerian government delegation headed by former governor Sokoto State Senator Aliyu M Wamakko met the Fatima Jinnah Medical University's (FJMU) vice-chancellor on Friday to decide about cooperation in medical education and educational pro
Published 14 Nov, 2015 12:00am
ISPR statement: PESA regrets politicians' reaction

ISPR statement: PESA regrets politicians' reaction

The Pakistan Ex-servicemen Association (PESA) on Friday regretted the reaction of some of the politicians to Corps Commanders concern over slow implementation of National Action Plan (NAP). "Some politicians are terming the concern expressed by army as in
Published 14 Nov, 2015 12:00am
Gas load management plan big example of failure: Sarwar

Gas load management plan big example of failure: Sarwar

The Punjab-based Pakistan Tehreek-e-Insaf has called the government's six-to-eight-hour gas load management plan for domestic consumers and stoppage of gas for factories and textile industries "the worst example of its failures". Party Organiser Chaudhary
Published 14 Nov, 2015 12:00am
Zardari felicitates Bhurguri

Zardari felicitates Bhurguri

Co-Chairman Pakistan Peoples' Party and former President, Asif Ali Zardari has felicitated Noor Ahmed Bhurguri on his success in the election of provincial Assembly, constituency PS-67 Mirpurkhas. Former President in a message to compliment Noor Ahmed Bhu
Published 14 Nov, 2015 12:00am
Academic linkages to yield fruits of knowledge: Turkish envoy

Academic linkages to yield fruits of knowledge: Turkish envoy

"Pak-Turkish Academic linkages will yield fruits of knowledge," Turkish Ambassador in Pakistan Sadik Babur Girgin stated this while speaking at an interactive session with senior faculty members and students from Degree programmes of Institute of Manageme
Published 14 Nov, 2015 12:00am
Pakistan for resolution of Middle East conflict

Pakistan for resolution of Middle East conflict

Pakistan has called for settlement of the Middle East conflict by establishing an independent State of Palestine with East Jerusalem its capital. This was stated by Pakistan's Permanent Representative to the United Nations Dr Maleeha Lodhi, while taking p
Published 14 Nov, 2015 12:00am
General Fan meets Naval Chief

General Fan meets Naval Chief

General Fan Changlong, Vice Chairman of Central Military Commission of People's Republic of China, accompanied by 24-member delegation, paid an official visit to Pakistan. Upon arrival at PNS Mehran, the honourable dignitary was received by Commander Kara
Published 14 Nov, 2015 12:00am
Agreements, MoUs inked to cement Pak-Tajik ties

Agreements, MoUs inked to cement Pak-Tajik ties

President of the Republic of Tajikistan, Emomali Rahmon, paid a state visit to the Islamic Republic of Pakistan from November 11-13, at the invitation of Prime Minister Nawaz Sharif. The President was accompanied by a high-level delegation comprising the
Published 14 Nov, 2015 12:00am
EU envoy, KP Governor discuss regional situation

EU envoy, KP Governor discuss regional situation

Ambassador of the European Union to Pakistan, Jean-Francois Cautain called on the Khyber Pakhtunkhwa Governor, Sardar Mahtab Ahmad Khan here at Governor's House, Peshawar on Friday. The distinguished guest remained with the Governor for some time and disc
Published 14 Nov, 2015 12:00am
Soyabean oil import rises to $23.242 million in September

Soyabean oil import rises to $23.242 million in September

The country's import of soyabean oil shot up by 113 percent to $23.242 million in September 2015, official figures said. The import bill of soyabean oil on an annual basis stands at $12.308 million in September 2015 as compared to the oil import of $10.93
Published 14 Nov, 2015 12:00am
Urdu version of important laws being placed on SECP website

Urdu version of important laws being placed on SECP website

The Securities and Exchange Commission of Pakistan (SECP) has completed Urdu translation of a number of laws, rules and other documents. Urdu version of important laws is being placed at the SECP website for the benefit of investors and general public.
Published 14 Nov, 2015 12:00am
Nepra uncaps NHP of KPK to Rs 1.10 per unit as interim arrangement

Nepra uncaps NHP of KPK to Rs 1.10 per unit as interim arrangement

The National Electric Power Regulatory Authority (Nepra) has uncapped Net Hydel Profit (NHP) of Khyber Pakhtunkhawa from Rs 6 billion per annum to Rs 1.10 per unit as an interim arrangement which will generate Rs 18.740 billion per annum for Wapda which w
Published 14 Nov, 2015 12:00am
NAB KP arrests ex-DG PHA for alleged embezzlement

NAB KP arrests ex-DG PHA for alleged embezzlement

National Accountability Bureau (NAB) Khyber Pakhtunkhwa on Friday arrested Javed Ahmad, ex-Director General Provincial Housing Authority (PHA) for alleged embezzlement and misappropriation of funds through over payment to illegal and fake owners of land a
Published 14 Nov, 2015 12:00am
Dar lauds FBR for strong defence against Agility's case

Dar lauds FBR for strong defence against Agility's case

Minister for Finance Senator Ishaq Dar has lauded the efforts of FBR and its legal team for putting up strong and successful defence in the case filed by Agility Pvt (Ltd), a Kuwait-based Company, against the Government of Pakistan. FBR's vigorous pursuan
Published 14 Nov, 2015 12:00am
Cotton falls to one-month low as weak US shipments weigh
Cotton

Cotton falls to one-month low as weak US shipments weigh

ICE cotton futures fell on Friday, touching a one-month low, under pressure from disappointing US government weekly export data, outside market pressure and a rising US dollar. Sales of upland cotton were down and shipments slumped 57 percent from the pre
Published 14 Nov, 2015 12:00am
IMF: The Ninth Review
Currency

IMF: The Ninth Review

This is apropos "IMF: The Ninth Review" carried by the newspaper on Tuesday. The writer, noted economist Dr Hafiz Pasha, has begun his argument by saying that "the IMF has once again adopted a soft and sympathetic approach to reviewing Pakistan's performa
Published 14 Nov, 2015 12:00am
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