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Nov 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-12-19
India cuts growth outlook

India cuts growth outlook

India slashed its full-year growth forecast on Friday, citing weak global demand and lower farm output, and called for speedier reforms as well as a review of fiscal and monetary policies to resuscitate economic activity. In a mid-year review, Prime Minis
Published 19 Dec, 2015 12:00am
Saudi deputy crown prince draws up new economic reforms

Saudi deputy crown prince draws up new economic reforms

Saudi Arabia's deputy crown prince has privately outlined plans to reshape the economy to withstand low oil prices, sources said, in what could be the biggest policy shake-up since the kingdom's economy was last hurt by cheap oil over a decade ago.
Published 19 Dec, 2015 12:00am
Canadian inflation remains subdued; wholesale trade data weak

Canadian inflation remains subdued; wholesale trade data weak

Canada's annual inflation rate rose less than expected last month and wholesale trade data was surprisingly weak in October, suggesting the economy was struggling to gain momentum not long after emerging from recession. The annual inflation rate rose to 1
Published 19 Dec, 2015 12:00am
House passes bill freeing US oil exports, Senate vote next

House passes bill freeing US oil exports, Senate vote next

The 40-year-old ban on exporting US crude oil moved a step closer to being repealed on Friday as the House passed the massive spending bill, despite concerns by some Democrats that lifting the restriction could cost jobs at independent refineries.
Published 19 Dec, 2015 12:00am
Croatia growth seen subsiding in 2016

Croatia growth seen subsiding in 2016

Croatia's growth in 2016 is expected to be lower than this year, primarily because of lower state spending due to fiscal consolidation, a top economic institute said on Friday contrary to official expectations of an accelerated growth. The Zagreb Economic
Published 19 Dec, 2015 12:00am
Latvia advances plan to strip Gazprom of gas storage control

Latvia advances plan to strip Gazprom of gas storage control

Latvia's plan to win control of its underground gas storage facility from supplier Gazprom took a step forward on Thursday with the aim of making the Russian company sell its stake in the facility. Latvia's parliament approved a second reading of a draft
Published 19 Dec, 2015 12:00am
German business morale eases slightly on domestic angst

German business morale eases slightly on domestic angst

German business morale dipped slightly in December, dented by some concern over the domestic economy although export expectations remained robust. The Munich-based Ifo economic institute's business climate index, based on a monthly survey of some 7,000 fi
Published 19 Dec, 2015 12:00am
Swedish minister sees spending curbs

Swedish minister sees spending curbs

Swedish Finance Minister Magdalena Andersson said on Thursday the government would cut spending by 8 billion crowns ($933 million) and reschedule other costs to bolster public finances strained by a record influx of refugees. The centre-left government ha
Published 19 Dec, 2015 12:00am
BMW recalls 'baby racer' toy car

BMW recalls 'baby racer' toy car

Germany's BMW is recalling its "Baby Racer" ride-on children's toy car because a sticker showing the brand's logo could be peeled off the steering wheel and choke toddlers, the carmaker said on Thursday. Although the sticker may come off only "in very rar
Published 19 Dec, 2015 12:00am
Boost for steelmakers as UK gets EU approval to refund 'green taxes'

Boost for steelmakers as UK gets EU approval to refund 'green taxes'

Britain received European Union approval on Thursday to compensate firms in some energy-intensive industries for the cost of "green taxes", offering help to its ailing steel sector. Weak prices, high energy costs and Chinese competition have prompted a nu
Published 19 Dec, 2015 12:00am
Taiwan cuts rates unexpectedly

Taiwan cuts rates unexpectedly

Taiwan's central bank cut interest rates for the second time this year and said it would keep monetary policy loose to shore up growth in the island's trade-dependent economy as the outlook for global demand worsened. The easing was unexpected with all bu
Published 19 Dec, 2015 12:00am
Philippine current account seen in surplus in 2016

Philippine current account seen in surplus in 2016

The Philippine central bank expects the country to again have a current account surplus in 2016 despite the risk of capital outflows after the Federal Reserve raised US interest rates for the first time in nearly a decade. The country is forecast to have
Published 19 Dec, 2015 12:00am
Indian stocks end lower

Indian stocks end lower

Indian stocks fell on Friday after the government cut its growth forecast, but indexes recorded their biggest weekly gains in more than two months after the US Federal Reserve raised interest rates without any disruptions to global markets. The broader NS
Published 19 Dec, 2015 12:00am
Nikkei falls in volatile session

Nikkei falls in volatile session

Japanese stocks fell on Friday in a session that turned volatile after the Bank of Japan announced it would maintain its massive stimulus programme's base money target while expanding the types of assets it purchases. In the minutes after the BoJ announce
Published 19 Dec, 2015 12:00am
Friday's early trade: stocks dip; Boeing biggest drag on Dow

Friday's early trade: stocks dip; Boeing biggest drag on Dow

Wall Street was lower in morning trading, with the Dow shedding about 200 points, on "quadruple witching" Friday as crude prices headed for their third straight weekly loss. Volatility was slightly higher than usual on account of "quadruple witching," the
Published 19 Dec, 2015 12:00am
Wall Street falls as growth fears resurface

Wall Street falls as growth fears resurface

US stocks dropped Thursday on persistent concern over faltering global economic growth, led by declines in energy and materials shares, a day after shares had rallied on the Federal Reserve's decision to raise interest rates. Oil prices extended recent de
Published 19 Dec, 2015 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks fell on Friday after the central bank cut interest rate for the second time this year to shore up growth in the island's trade-reliant economy that has been hit by faltering global demand. Financial shares led declines amid concern the cut w
Published 19 Dec, 2015 12:00am
Prices on long-dated bonds up

Prices on long-dated bonds up

Prices on longer-dated US Treasuries extended their rebound, with significant bull-flattening, as investors digested a rate increase by the Federal Reserve and became more skeptical of the central bank's ability to raise rates as much as it would like in
Published 19 Dec, 2015 12:00am
Prices on long-dated bonds up

Prices on long-dated bonds up

Prices on longer-dated US Treasuries extended their rebound, with significant bull-flattening, as investors digested a rate increase by the Federal Reserve and became more skeptical of the central bank's ability to raise rates as much as it would like in
Published 19 Dec, 2015 12:00am
Nigeria stocks down to three-year low
Currency

Nigeria stocks down to three-year low

Nigerian stocks hit a three-year low on Friday, tracking a fall in global markets as investors digested the impact of this week's US rate hike. The stock market, which has the second-biggest weighting after Kuwait on the MSCI frontier market index, shed 1
Published 19 Dec, 2015 12:00am
Australian shares cut losses; up 1.5 percent for week

Australian shares cut losses; up 1.5 percent for week

Australian shares gave up early losses to end flat on Friday, led by late buying demand in financials stocks, including Commonwealth Bank of Australia. The S&P/ASX 200 index rose 0.09 percent, or 4.69 points, to 5,106.70 at the close of trade. The benchma
Published 19 Dec, 2015 12:00am
China stocks steady

China stocks steady

China stocks held nearly steady on Friday, capping a dramatic week that witnessed a strong relief rally in the previous session following an expected rise in US interest rates. Investors are now refocusing on economic fundamentals, with a key central gove
Published 19 Dec, 2015 12:00am
European shares fall as Fed rally loses momentum

European shares fall as Fed rally loses momentum

European shares fell in volatile trade on Friday as the Fed-inspired rally of the previous session ran out of steam and investors took profits ahead of the holiday season. The pan-European FTSEurofirst 300 index was down 1.2 percent by 1540 GMT, after gai
Published 19 Dec, 2015 12:00am
Sri Lankan shares up

Sri Lankan shares up

Sri Lankan shares ended firmer for a fourth straight session on Friday at a more-than-two-week high led by bluechips, despite some selling by foreign investors. The turnover was subdued as many investors and stockbrokers were on holidays ahead of Christma
Published 19 Dec, 2015 12:00am
Hong Kong shares slip

Hong Kong shares slip

Hong Kong stocks ended Friday slightly lower, as many sectors corrected after the previous session's relief rally following the long-expected US interest rate hike. The Hang Seng index fell 0.5 percent, to 21,755.56, while the China Enterprises Index lost
Published 19 Dec, 2015 12:00am
Southeast Asian markets: Thailand, Indonesia lead regional falls

Southeast Asian markets: Thailand, Indonesia lead regional falls

Southeast Asian stock markets fell back on Friday, with shares in Thailand and Indonesia sliding nearly 2 percent, as investors weighed in the likely impact of US rate hikes and ahead of market holidays in the region next week. The Thai SET index closed a
Published 19 Dec, 2015 12:00am
FTSE posts biggest weekly gain in a month
Currency

FTSE posts biggest weekly gain in a month

Britain's top equity index dipped on Friday, with investors showing renewed caution in the wake of the euphoria that followed the US Fed's interest rate hike, but the index still set its biggest weekly gain in a month. Equity markets around the world retr
Published 19 Dec, 2015 12:00am
Dollar slips in Asia after BoJ stimulus disappoints
Currency

Dollar slips in Asia after BoJ stimulus disappoints

The dollar slipped against the yen on Friday after a set of stimulus measures the Bank of Japan unveiled were deemed too modest to drive the greenback higher. The BoJ on Friday said after its policy meeting that it would expand the types of assets it purc
Published 19 Dec, 2015 12:00am
Dollar gives up gains in Europe
Currency

Dollar gives up gains in Europe

The dollar fell more than a third of a percent against a basket of major currencies on Friday, hurt by a resurgence of the yen after the Bank of Japan chose to tweak rather than expand its monthly asset-purchase programme. The dollar's move, after the Fed
Published 19 Dec, 2015 12:00am
Early trade in New York: Dollar falls against yen

Early trade in New York: Dollar falls against yen

The US dollar tumbled against the Japanese yen on Friday after the Bank of Japan merely tweaked its monthly asset-purchase program, suggesting to traders that the central bank may not ease policy as much as expected. The BoJ set up a program to buy exchan
Published 19 Dec, 2015 12:00am
Dollar hovers near two-week high versus majors in New York
Currency

Dollar hovers near two-week high versus majors in New York

The US dollar hovered near a two-week high against a basket of other major currencies on Thursday a day after the Federal Reserve hiked interest rates, on the view that the central bank's move would make US assets more attractive. Analysts said the moneta
Published 19 Dec, 2015 12:00am
Aussie, kiwi hit by commodity slide

Aussie, kiwi hit by commodity slide

The Australian held near one-month lows on Friday while the New Zealand dollar shed the week's gains as broad US dollar strength pressured global commodity prices. The Australian dollar fell to $0.7117, having shed 1.4 percent on Thursday. It went as deep
Published 19 Dec, 2015 12:00am
Most emerging currencies rise
Currency

Most emerging currencies rise

Most emerging Asian currencies edged up on Friday thanks to a rebound in China's yuan, although regional units were set to suffer weekly losses on the US Federal Reserve's interest rate hike and a weakening trend in the renminbi. The Taiwan dollar rose on
Published 19 Dec, 2015 12:00am
Sri Lankan rupee ends slightly lower
Currency

Sri Lankan rupee ends slightly lower

The Sri Lankan rupee edged down on Friday due to importer dollar demand, with dealers expecting the currency to weaken further in 2016 due to lower reserves and higher imports. The rupee closed at 143.65/80 per dollar, 0.03 percent down from Thursday's cl
Published 19 Dec, 2015 12:00am
Pound posts worst week in four months

Pound posts worst week in four months

Sterling hovered near an eight-month low against the dollar on Friday and was heading for its worst week since August on a trade-weighted basis, on bets the Bank of England is in no rush to follow the US Federal Reserve with an interest rate rise.
Published 19 Dec, 2015 12:00am
Yuan posts longest losing streak in 20 years
Currency

Yuan posts longest losing streak in 20 years

China's yuan closed firmer against the dollar on Friday, but has slumped 0.4 percent against the dollar this week, which would be a seventh straight weekly slide, the longest weekly losing streak since late 1995. The People's Bank of China (PBOC) continue
Published 19 Dec, 2015 12:00am
Mueller, Boateng, Martinez, Alonso extend Bayern contracts

Mueller, Boateng, Martinez, Alonso extend Bayern contracts

Bayern Munich have extended the contracts of Thomas Mueller, Jerome Boateng and Javi Martinez to 2021 and veteran Xabi Alonso has added a year to his deal, the German champions said on Friday. With speculation swirling around coach Pep Guardiola and his p
Published 19 Dec, 2015 12:00am
Messi misses training, passes kidney stone

Messi misses training, passes kidney stone

Lionel Messi has passed a kidney stone which ruled him out of their Club World Cup semi-final and Barcelona will now decide whether he will be fit for the final, the Spanish sports daily AS said on Friday. The Argentina forward was ruled out of Thursday's
Published 19 Dec, 2015 12:00am
Greek tennis player banned for life for corruption

Greek tennis player banned for life for corruption

Greek tennis player Alexandros Jakupovic has been banned for life after being found guilty of five corruption charges, the Tennis Integrity Unit said on Friday. The 34-year-old, who spent his career playing in the lower rungs of the professional game, was
Published 19 Dec, 2015 12:00am
Boult strikes before rain ends first day early

Boult strikes before rain ends first day early

Trent Boult took two wickets in one over and broke a partnership that had threatened to take the game out of New Zealand's reach as Sri Lanka reached 264 for seven by the end of a rain-shortened first day of the second test on Friday. Captain Angelo Mathe
Published 19 Dec, 2015 12:00am
Partey time as Atletico advance to last 16

Partey time as Atletico advance to last 16

Thomas Partey scored his first goal for Atletico Madrid as they reached the last 16 of the King's Cup with a 1-0 home victory over third-tier Reus on Thursday that secured a 3-1 aggregate success. It was relatively plain sailing for Spain's top flight clu
Published 19 Dec, 2015 12:00am
U-19 Cricket World Cup: Pakistan squad announced

U-19 Cricket World Cup: Pakistan squad announced

Pakistan Cricket Board (PCB) Friday announced a 15-member Pakistan Under-19 squad for the International Cricket Council (ICC) Under-19 Cricket World Cup-2016. This mega event will be staged in Bangladesh from 22nd January to 14th February, 2016. Gohar Haf
Published 19 Dec, 2015 12:00am
Zenit send Kerzhakov on loan to Zurich

Zenit send Kerzhakov on loan to Zurich

Zenit St Petersburg have sent forward Alexander Kerzhakov on loan to Swiss club FC Zurich until the end of the season, the Russian champions said on their website (www.fc-zenit.ru) on Friday. Kerzhakov, who previously played for Sevilla and Dynamo Moscow,
Published 19 Dec, 2015 12:00am
Aguero ready to return against Arsenal, says Pellegrini

Aguero ready to return against Arsenal, says Pellegrini

Sergio Aguero will be available for selection for Manchester City against Arsenal in Monday's key Premier League match. The Argentina striker has struggled with injuries this season and has missed City's last four games with a heel problem. However, manag
Published 19 Dec, 2015 12:00am
China targets World Cup last 16

China targets World Cup last 16

China has set its men's national soccer team the target of reaching the World Cup last 16 and becoming a global force in the game. Chinese President Xi Jinping is an avid football fan and the country is training an army of young players it hopes will help
Published 19 Dec, 2015 12:00am
Swiss announce extraditions to US and Uruguay in soccer corruption probe

Swiss announce extraditions to US and Uruguay in soccer corruption probe

Switzerland extradited a former Costa Rican soccer boss to the United States on Friday and approved the handover of a former South American federation chief to Uruguay in the latest judicial steps in the corruption scandal that has engulfed the sport. Cos
Published 19 Dec, 2015 12:00am
Lazio end winless run, Milan oust Sampdoria

Lazio end winless run, Milan oust Sampdoria

Lazio eased the pressure on coach Stefano Pioli by beating Udinese 2-1 to advance to the quarter-finals of the Italian Cup on Thursday while five-times winners Milan overcame Sampdoria 2-0. Lazio came from behind to defeat Udinese thanks to goals from Ale
Published 19 Dec, 2015 12:00am
Hussey laughs off World Twenty20 comeback chatter

Hussey laughs off World Twenty20 comeback chatter

Retired test batsman Mike Hussey has laughed off suggestions he could return to Australian colours for next year's World Twenty20 after scoring an unbeaten 80 to lead the Sydney Sixers to victory in the domestic Big Bash League. The lefthander, who retire
Published 19 Dec, 2015 12:00am
PCB invites Aamir to fitness camp

PCB invites Aamir to fitness camp

Fast bowler Muhammad Aamir is among the 26 probabless invited by Pakistan Cricket Board (PCB) for a fitness-cum-conditioning camp being held at Gaddafi Stadium Lahore from December 21 to January 7, 2016. Aamir, who served jail term in England for his invo
Published 19 Dec, 2015 12:00am
Japan's far-flung island defence plan seeks to turn tables on China

Japan's far-flung island defence plan seeks to turn tables on China

Japan is fortifying its far-flung island chain in the East China Sea under an evolving strategy that aims to turn the tables on China's navy and keep it from ever dominating the Western Pacific Ocean, Japanese military and government sources said. The Uni
Published 19 Dec, 2015 12:00am
Rwandans vote on constitution changes to let Kagame extend rule

Rwandans vote on constitution changes to let Kagame extend rule

Rwandans voted on Friday in a referendum on changing the constitution that would allow President Paul Kagame to extend his term in office, possibly until 2034, despite criticism of such an amendment by the United States and other Western donors. Kagame wo
Published 19 Dec, 2015 12:00am
Yemen government forces capture north-western city as peace talks go on

Yemen government forces capture north-western city as peace talks go on

Yemeni troops loyal to President Abd-Rabbu Mansour Hadi gained control of an important north-western city on Friday, residents and tribal sources said, as a supposed cease-fire appeared increasingly fragile. The seven-day truce was declared to aid the cha
Published 19 Dec, 2015 12:00am
Syrian negotiator says opposition wants transition without Assad

Syrian negotiator says opposition wants transition without Assad

Syria's opposition wants a political transition without President Bashar al-Assad, the co-ordinator of an opposition negotiating body in future peace talks said on Friday. The United States, Russia, Iran, Saudi Arabia and major European and Arab powers ou
Published 19 Dec, 2015 12:00am
Nato agrees Turkey air defence package, seeks 'predictability'

Nato agrees Turkey air defence package, seeks 'predictability'

Nato allies agreed on Friday to send aircraft and ships to Turkey to strengthen Ankara's air defences on its border with Syria, the alliance's chief said, a package that is partly designed to avoid any more shoot-downs of Russian planes. Envoys to the Nor
Published 19 Dec, 2015 12:00am
Panel blasts UN over handling of Central Africa peacekeeper abuse

Panel blasts UN over handling of Central Africa peacekeeper abuse

The United Nations and its agencies grossly mishandled allegations of child sexual abuse by international peacekeepers in the Central African Republic, an independent review panel said in a report released on Thursday. At least 13 French soldiers, two fro
Published 19 Dec, 2015 12:00am
Brazil's Levy tipped to leave government

Brazil's Levy tipped to leave government

Brazilian Planning Minister Nelson Barbosa may replace Joaquim Levy as finance minister, three government sources told Reuters on Friday, as speculation grows about imminent changes to President Dilma Rousseff's economic team. Barbosa, who has kept a low
Published 19 Dec, 2015 12:00am
African Union says ready to send 5,000 peacekeepers to Burundi crisis

African Union says ready to send 5,000 peacekeepers to Burundi crisis

The African Union said it was ready to send 5,000 peacekeepers to Burundi to protect civilians caught up it a growing crisis, the first time the bloc has invoked powers to deploy troops to a member country against its will. Burundi said on Friday no troop
Published 19 Dec, 2015 12:00am
Cameron suggests EU vote set for next year after 'vital' change

Cameron suggests EU vote set for next year after 'vital' change

Prime Minister David Cameron gave his strongest hint yet on Friday that he would hold a referendum on EU membership next year, saying 2016 would see the 28-member bloc finally address Britons' concerns. Buoyed by a largely sympathetic hearing from fellow
Published 19 Dec, 2015 12:00am
China warns of widespread smog, Beijing issues second 'red alert'

China warns of widespread smog, Beijing issues second 'red alert'

China warned residents across a large part of its north on Friday to prepare for a wave of choking smog arriving over the weekend, the worst of which is expected over Beijing, prompting the capital to issue its second ever "red alert". The National Meteor
Published 19 Dec, 2015 12:00am
Bilawal condoles death of Qazi Sultan Mehmood

Bilawal condoles death of Qazi Sultan Mehmood

Chairman Pakistan Peoples Party Bilawal Bhutto Zardari visited residence of PPP leader late Qazi Sultan Mehmood in Rawalpindi who passed away about two weeks ago. Bilawal Bhutto Zardari offered Fateha and prayers for the departed soul. On the occasion Cha
Published 19 Dec, 2015 12:00am
Hazrat Mian Mir's 352nd Urs celebrations begin today

Hazrat Mian Mir's 352nd Urs celebrations begin today

The two day 352nd annual Urs celebrations of Hazrat Mian Mir (RA) begin here today with laying of wreaths at the Mazar by the devotees, recitation from the holy Quran, Naat Khwani and Qawallies, prayers for peace, progress and solidarity of the fatherland
Published 19 Dec, 2015 12:00am
Weekly Maulana Aziz's sermon: mobile service halted for second time

Weekly Maulana Aziz's sermon: mobile service halted for second time

On the directives of Interior Ministry, cellular companies suspended their services on Friday for a few hours for the second time in order to avert the Friday sermon of former cleric of Lal Masjid Maulana Abdul Aziz, it is learnt. Sources said that cellul
Published 19 Dec, 2015 12:00am
US ambassador meets Dar

US ambassador meets Dar

Minister for Finance Ishaq Dar has emphasised that the present government, having achieved the objectives of macroeconomic stability, was now fully focused on growth and job creation. The Minister stated this while talking to US Ambassador to Pakistan, Da
Published 19 Dec, 2015 12:00am
Former KDA director involved in China-cutting: SHC told

Former KDA director involved in China-cutting: SHC told

National Accountability Bureau (NAB) on Friday informed the Sindh High Court (SHC) that former director Karachi Development Authority (KDA) Abdul Qavi Khan grabbed the land allotted for Karachi Water and Sewerage Board (KWSB) and built an illegal apartmen
Published 19 Dec, 2015 12:00am
University of Wah organises workshop on research methodology

University of Wah organises workshop on research methodology

University of Wah organised a professional workshop on research methodology and technical writing skills from 15-17 December, 2015. The workshop was jointly hosted by Higher Education Commission of Pakistan and the University. The workshop focused on rese
Published 19 Dec, 2015 12:00am
Ginners receive over 9 million bales by December 15
Cotton

Ginners receive over 9 million bales by December 15

Pakistan Cotton Ginners Association (PCGA) said that seed cotton (Phutti) equivalent to over 90,34,118 bales of cotton have reached ginneries across Pakistan as of December 15, which shows a decrease of 31.74 percent compared to corresponding period last
Published 19 Dec, 2015 12:00am
KCCI's 'My Karachi' exhibition to be held in March

KCCI's 'My Karachi' exhibition to be held in March

Karachi Chamber of Commerce and Industry's (KCCI) former president Siraj Kasim Teli has said that the local government laws of Pervez Musharaf's era were much better than the present law. Speaking at a press conference at launch of KCCI 13the Exhibition "
Published 19 Dec, 2015 12:00am
Interflow Group names Ali A Rizvi as COO

Interflow Group names Ali A Rizvi as COO

The Chairman of Interflow Group announced that Ali A. Rizvi has been promoted to Chief Operating Officer (COO) - Interflow Group, effective immediately. As COO, Rizvi will be responsible for the newly-formed Interflow Group an entity that will manage over
Published 19 Dec, 2015 12:00am
'Business Leaders' Conference' today

'Business Leaders' Conference' today

The Karachi Branch Council of Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) is organising a 'Business Leaders Conference- 2015' in Karachi today which is expected to be participated by more than 300 representatives of trade, ind
Published 19 Dec, 2015 12:00am
NICH symposium begins today

NICH symposium begins today

A two-day 7th Symposium of National Institute of Child Health (NICH) beginning here today (Saturday) at a local hotel will be inaugurated by Sindh Health Minister Jam Mahtab Dahr. Unfolding the details of the symposium at a news conference, NICH director
Published 19 Dec, 2015 12:00am
Substandard food items being sold in markets

Substandard food items being sold in markets

Karachi Metropolitan Corporation is actively considering a proposal to punish all those playing havoc with the health of the citizens by selling inferior quality food items in the metropolis. KMC's director (Regulation & Quality Control) Dr Riazuddin Khan
Published 19 Dec, 2015 12:00am
Children's deaths: Supreme Court forms full bench to hear petition

Children's deaths: Supreme Court forms full bench to hear petition

The Supreme Court on Friday formed a three member bench to hear a suo motu case over lacklustre performance of concerned authorities, which resulted in children's death due to pneumonia and diarrhoea in the country. The bench comprising Justice Ijaz Afzal
Published 19 Dec, 2015 12:00am
US CG donates computer systems to KPC

US CG donates computer systems to KPC

US Consulate General Karachi donated three computer, network and printer systems and software to the Karachi Press Club. The Consulate gave the equipment to the Club to support Karachi-based journalists in their day-to-day reporting. "The media plays a ve
Published 19 Dec, 2015 12:00am
Man held with $10 million antique items at airport

Man held with $10 million antique items at airport

The staff of Model Collectorate of Customs (MCC) -Preventive posted at the international departure of Jinnah International Airport Friday recovered antiques, vintage ornaments and others worth $10 million in the international market from a passenger, leav
Published 19 Dec, 2015 12:00am
PPL makes deepest-ever oil discovery in Dhok Sultan X-1

PPL makes deepest-ever oil discovery in Dhok Sultan X-1

Pakistan Petroleum Limited (PPL), the operator of Dhok Sultan block, located in District Attock, Punjab, along with its joint venture partner Government Holdings (Private) Limited (GHPL) has announced the discovery of oil and gas from its first explorator
Published 19 Dec, 2015 12:00am
Fisherman releases rare marine loggerhead turtle

Fisherman releases rare marine loggerhead turtle

A rare loggerhead turtle has showed up its existence in the country's seawaters some 166 kilometres south-west of Karachi this midweek, WWF-Pakistan said on Friday. The loggerhead turtle that weighted about 30 kilograms became evident for the first time w
Published 19 Dec, 2015 12:00am
Sindh PA session: Treasury's members outnumbered by Opposition's

Sindh PA session: Treasury's members outnumbered by Opposition's

The opposition legislators on Friday outnumbered the treasury members with a higher attendance during the Sindh Assembly session, reflecting the lack of interest by the ruling PPP lawmakers in legislations. The house started off with shouts by opposition
Published 19 Dec, 2015 12:00am
Dell Summit showcases next level of IT Transformation

Dell Summit showcases next level of IT Transformation

"Today's fast paced world holds many challenges for new and existing businesses. Dell has always, and continues to be, at the forefront of creating solutions that cater to a varied array of business strategies," said Mir Saadat Ali; General Manager Dell P
Published 19 Dec, 2015 12:00am
Section 144 imposed on Kohat

Section 144 imposed on Kohat

In order to ensure foolproof security arrangements for maintenance of law and order on 12 Rabi-ul-Awwal in the district, Deputy Commissioner Kohat Zahir Shah has imposed Section 144 Cr.PC in the district.
Published 19 Dec, 2015 12:00am
Mobilink launches smartphone range 'Jazz X'

Mobilink launches smartphone range 'Jazz X'

Mobilink n Friday launched smartphone range named "Jazz X" aimed at providing customers with a streamlined set of solutions for their communication needs. Mobilink's Jazz X cell phone range includes one feature phone, JF100 available for Rs 2,999 and thre
Published 19 Dec, 2015 12:00am
Government asked to reject Western pressure on nuclear programme

Government asked to reject Western pressure on nuclear programme

Pakistan has been successful in deterring India's aggressive designs by developing tactical nuclear weapons and the government should reject Western pressure to limit its nuclear programme, said Zamir Akram, Pakistan's former representative to the UN offi
Published 19 Dec, 2015 12:00am
Robbers gun down two brothers in Chaman

Robbers gun down two brothers in Chaman

Armed robbers gunned down two real brothers upon resistance during robbery attempt here on Friday. Strong protest demonstration was held against the incident with demands to bring the culprits to book. Levies sources said that a three-member gang of robbe
Published 19 Dec, 2015 12:00am
PML-F leader makes complaint against police

PML-F leader makes complaint against police

Pakistan Muslim League Functional (PML-F) Sangher Chapter's President Allah Bachayo Nizamani has appealed to the concerned authorities to save him and his family from police victimisation. Speaking at a press conference on Friday, he said that a rally was
Published 19 Dec, 2015 12:00am
EU urged to continue GSP Plus facility for Pakistan

EU urged to continue GSP Plus facility for Pakistan

A seminar on Generalised System of Preferences (GSP) Plus urged upon the European Union to continue GSP Plus status for Pakistan, as the scheme is significantly contributing in country's economy as well as providing opportunity to promote human rights in
Published 19 Dec, 2015 12:00am
Pakistan unprepared for any cyber offensive, seminar told

Pakistan unprepared for any cyber offensive, seminar told

Security experts in a policy seminar have criticised the absence of a lead agency or comprehensive mechanism in Pakistan that could prevent or respond to any emergency situation should a major cyber threat arise. Development of indigenous IT and satellite
Published 19 Dec, 2015 12:00am
KP chief minister steps up opposition to Kalabagh Dam

KP chief minister steps up opposition to Kalabagh Dam

KP Chief Minister Pervez Khattak has said that he still stuck to his clear stance on Kalabagh Dam issue and expressed the apprehension that not only entire Peshawar Division would sink but the whole province would also badly suffer if the dam is built say
Published 19 Dec, 2015 12:00am
Telenor announces digital service initiatives

Telenor announces digital service initiatives

In line with its ambition to become the most preferred digital services provider, Telenor Pakistan is taking its customer service experience to the next level with digital competencies for walk-in as well as online customers. Telenor Pakistan has announce
Published 19 Dec, 2015 12:00am
Mumtaz Qadri's counsel to file mercy appeal before President

Mumtaz Qadri's counsel to file mercy appeal before President

Justice Mian Nazir Akhtar (Retd), counsel for Mumtaz Qadri on Friday said he would file mercy petition before the President in next few days after the completion of legal requirements. "I will file mercy plea before the President on behalf of Mumtaz Qadri
Published 19 Dec, 2015 12:00am
Senate body discusses 'discriminatory' remark by CDA

Senate body discusses 'discriminatory' remark by CDA

The Senate Standing Committee on Cabinet Secretariat met here on Friday at Parliament House with Senator Talha Mahmood in the chair. The committee considered a matter referred by the House and pointed out by Senator Mushahid Hussain Syed regarding use of
Published 19 Dec, 2015 12:00am
Reon Solar Energy provides light to TCF School at Hubco

Reon Solar Energy provides light to TCF School at Hubco

The Citizen's Foundation (TCF) School, HUBCOIPGDL Campus collaborated with Reon to provide for an uninterrupted source of electricity for the School. The School is one of the pioneers in the TCF network of schools to be equipped with a solar electrificati
Published 19 Dec, 2015 12:00am
TEVTA, Hashoo Foundation sign agreement

TEVTA, Hashoo Foundation sign agreement

An agreement between the Technical and Vocational Training Authority and the Hashoo Foundation has signed on Friday at the former's secretariat to offer short courses on the hospitality sector. "The skills and food and beverage server" short courses will
Published 19 Dec, 2015 12:00am
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