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Sep 28, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-02-08
Encryption fears for law enforcement overblown: study

Encryption fears for law enforcement overblown: study

Encrypted communication is making law enforcement and counterterrorism investigations more difficult, but fears of "going dark" are overblown, a study said Monday. The report by Harvard University's Berkman Centre said that despite efforts to boost encryp
Published 08 Feb, 2016 12:00am
Amazon teams up with Spotify for wireless speaker

Amazon teams up with Spotify for wireless speaker

Amazon said Thursday that its Echo wireless system will play songs from Spotify as the retail giant delves further into the booming sector of streaming. Echo, which went on sale last year, is a wireless speaker that responds to voice commands to carry out
Published 08 Feb, 2016 12:00am
EU, US agree new Internet privacy pact: sources

EU, US agree new Internet privacy pact: sources

Brussels and Washington struck a new deal Tuesday on data transfers relied on by Facebook and Google after a European court struck down the previous pact for failing to protect users from US spying, sources said. Businesses on both sides of the Atlantic h
Published 08 Feb, 2016 12:00am
Magazine offers four tips to save power for Android smartphones

Magazine offers four tips to save power for Android smartphones

Android smartphones are considered more power hungry than iOS devices or Windows phones. The main reason for that is Google's operating system allowing developers and apps a lot of freedom in accessing hardware and the internet connection. In response, a
Published 08 Feb, 2016 12:00am
Facebook-owned WhatsApp boasts a billion users
Kerb

Facebook-owned WhatsApp boasts a billion users

Facebook-owned smartphone messaging service WhatsApp has hit the billion-user mark, according to the leading social network's chief and co-founder Mark Zuckerberg. "One billion people now use WhatsApp," Zuckerberg said in a post on his Facebook page.
Published 08 Feb, 2016 12:00am
Microsoft buys keyboard software maker SwiftKey

Microsoft buys keyboard software maker SwiftKey

Microsoft said Wednesday it acquired British-based software keyboard maker SwiftKey, saying it would be integrated with the tech giant's "intelligent systems" for mobile devices. SwiftKey makes keyboard apps which are used on some 300 million Android and
Published 08 Feb, 2016 12:00am
Mozilla to kill Firefox smartphone operating system

Mozilla to kill Firefox smartphone operating system

The Firefox smartphone operating system is being shut down, three years after a launch aimed at challenging the dominant platforms powered by Apple and Google, developers said Thursday. The operating system created by the Mozilla developer community as an
Published 08 Feb, 2016 12:00am
Alphabet passes Apple as biggest company - now what?

Alphabet passes Apple as biggest company - now what?

Even before it became a household name, Google parent Alphabet has become the world's most valuable company, vaulting past Apple in a sign of an evolving technology landscape. On Wall Street Tuesday, Alphabet's shares reflected a market capitalisation to
Published 08 Feb, 2016 12:00am
Microsoft testing underwater datacenters

Microsoft testing underwater datacenters

Microsoft on Monday revealed that as the world turns to computing power in the cloud it is working to put datacentres under water. Researchers working on "Project Natick" tested a prototype vessel on the ocean floor about a kilometre off the US Pacific Co
Published 08 Feb, 2016 12:00am
Toy robots and superpiano Vienna Technical Museum goes online

Toy robots and superpiano Vienna Technical Museum goes online

Toy robots, antique guns from the Austro-Hungarian imperial armoury, cameras, model ships, musical instruments - the Vienna Technical Museum simply doesn't have the space to put all of its treasures on display. So instead it's put them online in a virtual
Published 08 Feb, 2016 12:00am
Two obscure web browsers beat giants in test

Two obscure web browsers beat giants in test

Two obscure web browsers have beaten many of the internet giants in a test performed by a major European computer magazine. The little-known browsers Maxthon and Opera finished second and third, respectively, in a review of six programs by the PC Magazin
Published 08 Feb, 2016 12:00am
Skype app for Android now allows call scheduling

Skype app for Android now allows call scheduling

The Skype app for Android smartphones now allows users to schedule calls. To do so, tap on the person you plan to call and then tap on the menu on the upper right to select "Schedule a call." The event is then stored in Outlook or in other calendar apps w
Published 08 Feb, 2016 12:00am
Google Maps adds offline search feature for all iOS devices

Google Maps adds offline search feature for all iOS devices

Google Maps has upgraded offline navigation for the iOS version of its app, enabling users to search for places while they are not connected to any wireless network. It used to be only possible to download maps before visiting a place without wireless cov
Published 08 Feb, 2016 12:00am
Volvo fourth quarter profit just lags

Volvo fourth quarter profit just lags

Global truck maker Volvo forecast a steeper slowdown in the North American heavy-duty truck market this year and said it would cut production there after posting a slightly smaller than expected rise in fourth quarter earnings.
Published 08 Feb, 2016 12:00am
Volvo fourth quarter profit just lags

Volvo fourth quarter profit just lags

Global truck maker Volvo forecast a steeper slowdown in the North American heavy-duty truck market this year and said it would cut production there after posting a slightly smaller than expected rise in fourth quarter earnings.
Published 08 Feb, 2016 12:00am
Bankia's bad debt drop drives profit rise

Bankia's bad debt drop drives profit rise

Falling bad debt charges enabled Spain's bailed-out Bankia to post a near 40 percent rise in net profit for 2015, although a legal bill linked to its troubled flotation is clouding its outlook. Bankia bounced back quickly from huge losses in the wake of a
Published 08 Feb, 2016 12:00am
Bankia's bad debt drop drives profit rise

Bankia's bad debt drop drives profit rise

Falling bad debt charges enabled Spain's bailed-out Bankia to post a near 40 percent rise in net profit for 2015, although a legal bill linked to its troubled flotation is clouding its outlook. Bankia bounced back quickly from huge losses in the wake of a
Published 08 Feb, 2016 12:00am
Aramex targets 2-3 buys in 2016

Aramex targets 2-3 buys in 2016

Dubai-based courier Aramex expects to purchase 2-3 firms in 2016, its chief executive said on February 03. It will target Africa, Asia and United States for these acquisitions, Aramex chief executive Hussein Hachem told reporters at a company event. The l
Published 08 Feb, 2016 12:00am
RBI's 2015 profit boosted by accounting change

RBI's 2015 profit boosted by accounting change

Raiffeisen Bank International on February 01 unveiled a preliminary net profit of 383 million euros ($417 million) for 2015, which was helped by banking supervisors asking it to re-allocate write-downs to its 2014 balance sheet.
Published 08 Feb, 2016 12:00am
HTC reports third straight quarterly loss

HTC reports third straight quarterly loss

Taiwan's struggling smartphone maker HTC on February 03 reported a third straight quarterly loss for October-December, although losses narrowed due to holiday season demand and the launch of a new phone. Net loss in the fourth quarter was Tw$3.4 billion (
Published 08 Feb, 2016 12:00am
HTC reports third straight quarterly loss

HTC reports third straight quarterly loss

Taiwan's struggling smartphone maker HTC on February 03 reported a third straight quarterly loss for October-December, although losses narrowed due to holiday season demand and the launch of a new phone. Net loss in the fourth quarter was Tw$3.4 billion (
Published 08 Feb, 2016 12:00am
Kuwait Airways retires 1,350 nationals, targets profitability

Kuwait Airways retires 1,350 nationals, targets profitability

Loss-making Kuwait Airways has let go of 1,350 Kuwaiti nationals during the last two years, part of a plan to cut costs and return to profit by 2019, the chief executive of the state-owned carrier told Reuters on February 04.
Published 08 Feb, 2016 12:00am
Toyota looks to Daihatsu to crack Indian small car market

Toyota looks to Daihatsu to crack Indian small car market

Toyota Motor Corp will start talks this week with its affiliate Daihatsu Motor to build and sell small cars in India, where it has so far struggled to crack the cheaper end of the market. The Japanese carmaker aims to double its share of India's passenger
Published 08 Feb, 2016 12:00am
Arsenal back in title race

Arsenal back in title race

Bournemouth 0 Arsenal 2 Arsenal re-established themselves as serious contenders for their first Premier League title since 2004 with a comfortable victory at lowly Bournemouth on Sunday. A first win in four games took them level on points with second-plac
Published 08 Feb, 2016 12:00am
Higuain hits 24th goal as Napoli, Juve pull away

Higuain hits 24th goal as Napoli, Juve pull away

Gonzalo Higuain hit his 24th goal in as many Serie A games as triumphant Napoli and Juventus moved closer towards a scudetto duel after slip-ups by title rivals Inter Milan and Fiorentina.
Published 08 Feb, 2016 12:00am
Garcia qualifies France for semis

Garcia qualifies France for semis

Caroline Garcia put France into a Fed Cup semi-final clash with the Netherlands by defeating Italy's Camila Giorgi 6-3, 6-4 in Marseille on Sunday. The win, in the second of the reverse singles, gave the home team a winning 3-1 lead with just the doubles
Published 08 Feb, 2016 12:00am
Dutch defeat Russia in Fed Cup

Dutch defeat Russia in Fed Cup

Kiki Bertens won a decisive singles rubber in Moscow on Sunday, beating Svetlana Kuznetsova of Russia in straight sets to lead the Netherlands into the Fed Cup semi-finals. Bertens won 6-1, 6-4 in one hour 26 minutes to give the Dutch squad an unassailabl
Published 08 Feb, 2016 12:00am
Willett wins Dubai Desert Classic

Willett wins Dubai Desert Classic

Overnight leader Danny Willett battled hard to hold on to his lead on Sunday and got his reward with a final green, one shot win in the $2.5 million Dubai Desert Classic. At the Emirates Golf Club, the Englishman was finally caught up by the unrelenting c
Published 08 Feb, 2016 12:00am
Flower believes PSL can benefit Pakistan youngsters

Flower believes PSL can benefit Pakistan youngsters

Former Zimbabwe captain and ex England coach Andy Flower Sunday says the Pakistan Twenty20 league can benefit the country's budding players in the same way Indians have benefited from their league.
Published 08 Feb, 2016 12:00am
Barca equal unbeaten record with Levante win

Barca equal unbeaten record with Levante win

Barcelona equalled a club record of 28 games unbeaten to move three points clear at the top of La Liga with a hard-fought 2-0 win at Levante on Sunday. The European champions were far from their best in coach Luis Enrique's 100th game in charge, but David
Published 08 Feb, 2016 12:00am
Santner a doubt for final ODI

Santner a doubt for final ODI

New Zealand all-rounder Mitchell Santner is in doubt for the final one-day international against Australia in Hamilton on Monday after complaining of a sore right foot following the second game in Wellington. The 24-year-old Santner was New Zealand's best
Published 08 Feb, 2016 12:00am
Australia's Richardson returning home ahead of final ODI

Australia's Richardson returning home ahead of final ODI

Australia pace bowler Kane Richardson is to return home for further examination on a back injury and has been replaced by Joel Paris in the squad for their final one-day match against New Zealand in Hamilton on Monday.
Published 08 Feb, 2016 12:00am
Ski jumping: Peerless Takanashi claims 10th triumph

Ski jumping: Peerless Takanashi claims 10th triumph

Japan's Sara Takanashi continued her domination by picking up her 10th straight win of this season's ski jumping World Cup on Sunday when she triumphed in Hinzenbach, Austria.
Published 08 Feb, 2016 12:00am
Netherlands look to rekindle World Twenty20 love affair

Netherlands look to rekindle World Twenty20 love affair

The Netherlands on Saturday named a 15-man squad for the 2016 World Twenty20 in India, looking to rekindle the triumphs of 2009 and 2014 when they shocked England. Key to their hopes will be all-rounder Logan van Beek who took 3-9 from two overs when the
Published 08 Feb, 2016 12:00am
Yasir Shah get three months ban for doping offence

Yasir Shah get three months ban for doping offence

Pakistan leg-spinner Yasir Shah has been given a three-month ban after pleading guilty to an inadvertent doping offence, the International Cricket Council said on Sunday. The 29-year-old's urine sample, provided in an in-competition test conducted on Nove
Published 08 Feb, 2016 12:00am
German arm of Canada's Maple Bank shut

German arm of Canada's Maple Bank shut

The German financial sector watchdog, BaFin, said Sunday it has shut down the German arm of Canadian lender Maple Bank until further notice due to looming over-indebtedness. Bafin said in a statement that it had imposed a so-called "moratorium" on Maple B
Published 08 Feb, 2016 12:00am
Recalled cars create a costly problem for US auto dealers

Recalled cars create a costly problem for US auto dealers

Honda Motor Co's order that its US dealers stop selling some 2.2 million of the automakers' most popular models is compounding financial and regulatory headaches for car dealers stuck with millions of vehicles that have potentially hazardous air bags or o
Published 08 Feb, 2016 12:00am
Egypt seeks to reassure wheat market after two cancelled tenders

Egypt seeks to reassure wheat market after two cancelled tenders

Egypt sought to reassure wheat markets over its import requirements on Sunday after weeks of confusion over the allowed limits of a fungus rattled traders and prevented its state grain buyer from purchasing wheat in two successive tenders.
Published 08 Feb, 2016 12:00am
Iran carmaker reveals 427 million euros in Peugeot perks

Iran carmaker reveals 427 million euros in Peugeot perks

French carmaker Peugeot is to provide Iran Khodro with 427 million euros in debt waivers, bonuses and discounts under their first post-sanctions deal, the Iranian manufacturer said Sunday. Iran Khodro signed a deal with Peugeot during President Hassan Rou
Published 08 Feb, 2016 12:00am
Norway's sovereign wealth fund hits out at VW leadership

Norway's sovereign wealth fund hits out at VW leadership

The head of Norway's sovereign wealth fund - one of the biggest capital pools in the world - on Sunday lashed Volkswagen's ownership structure as giving too much power to family shareholders and disadvantaging minority shareholders. As VW battles a global
Published 08 Feb, 2016 12:00am
Norway's sovereign wealth fund hits out at VW leadership

Norway's sovereign wealth fund hits out at VW leadership

The head of Norway's sovereign wealth fund - one of the biggest capital pools in the world - on Sunday lashed Volkswagen's ownership structure as giving too much power to family shareholders and disadvantaging minority shareholders. As VW battles a global
Published 08 Feb, 2016 12:00am
Japan's Tepco works hard to pull out from govt control

Japan's Tepco works hard to pull out from govt control

The Japanese government fund may reduce its stake in Tokyo Electric Power Co to below 50 percent in 2017 if the company achieves its goals including its first bond issuance in six years, the company's president said. Tepco was saved from bankruptcy by the
Published 08 Feb, 2016 12:00am
Japan's Tepco works hard to pull out from govt control

Japan's Tepco works hard to pull out from govt control

The Japanese government fund may reduce its stake in Tokyo Electric Power Co to below 50 percent in 2017 if the company achieves its goals including its first bond issuance in six years, the company's president said. Tepco was saved from bankruptcy by the
Published 08 Feb, 2016 12:00am
Volkswagen to offer generous compensation for US customers

Volkswagen to offer generous compensation for US customers

Volkswagen will offer generous compensation packages for the roughly 600,000 US owners of diesel vehicles that emit an illegal amount of emissions, the head of its claims fund told a German paper. The German car maker has still not decided whether vehicle
Published 08 Feb, 2016 12:00am
Fidelity unveils new pitchman

Fidelity unveils new pitchman

Fidelity Investments plans to unveil a new pitchman on Sunday in television commercials that feature Will Danoff, the unassuming portfolio manager of its behemoth $103 billion Contrafund. The last time Boston-based Fidelity used a portfolio manager in a t
Published 08 Feb, 2016 12:00am
Fidelity unveils new pitchman

Fidelity unveils new pitchman

Fidelity Investments plans to unveil a new pitchman on Sunday in television commercials that feature Will Danoff, the unassuming portfolio manager of its behemoth $103 billion Contrafund. The last time Boston-based Fidelity used a portfolio manager in a t
Published 08 Feb, 2016 12:00am
Dubai's Emaar Malls says profit up 23 percent

Dubai's Emaar Malls says profit up 23 percent

Emaar Malls, the shopping and retail arm mostly owned by Dubai's Emaar Properties giant, said Sunday its annual profit surged 23 percent to $451 million in 2015, as rental income increased. Net profit reached 1.66 billion dirhams ($451 million) in 2015, c
Published 08 Feb, 2016 12:00am
Dubai's Emaar Malls says profit up 23 percent

Dubai's Emaar Malls says profit up 23 percent

Emaar Malls, the shopping and retail arm mostly owned by Dubai's Emaar Properties giant, said Sunday its annual profit surged 23 percent to $451 million in 2015, as rental income increased. Net profit reached 1.66 billion dirhams ($451 million) in 2015, c
Published 08 Feb, 2016 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Inter-bank buy/sell rates for the taka against the dollar on Sunday. 78.67-78.70 (previous 78.67-78.70). 02.00-04.50 percent (* Previous 01.80-04.50 percent). (* revised).
Published 08 Feb, 2016 12:00am
LatAm currencies to fall further after January rout
Exchange

LatAm currencies to fall further after January rout

Latin American currencies will likely weaken further following a tough January, although the Mexican peso could break away from the pack due to its smaller dependence on commodities, a Reuters poll showed on Wednesday.
Published 08 Feb, 2016 12:00am
Asia FX sentiment improves; bearish yuan bets steady
Currency

Asia FX sentiment improves; bearish yuan bets steady

Sentiment toward emerging Asian currencies improved in the last two weeks as investors sought higher yields after major central banks, including the Bank of Japan, affirmed a loose policy stance, while oil prices rebounded, a Reuters poll showed.
Published 08 Feb, 2016 12:00am
Canadian dollar to resume losing streak in months ahead
Exchange

Canadian dollar to resume losing streak in months ahead

The battered Canadian dollar is expected to weaken even more, tied to the ill fortunes of depressed oil prices and the prospect of another interest rate cut, a Reuters poll showed. After plunging to its weakest in 13 years in mid-January, to C$1.4689 on J
Published 08 Feb, 2016 12:00am
Egyptian pound slips further on black market
Exchange

Egyptian pound slips further on black market

The Egyptian pound continued to weaken on the black market on Sunday, piling more pressure on the central bank to devalue the currency even as the official rate against the dollar remained unchanged at an auction. Egypt, which heavily relies on imports fo
Published 08 Feb, 2016 12:00am
Dollar held back as rate differentials fade in unison
Exchange

Dollar held back as rate differentials fade in unison

The dollar is set to strengthen only slightly against major currencies in the coming year, a Reuters poll found, despite most central banks leaning towards easier policy on global economic worries stemming from China.
Published 08 Feb, 2016 12:00am
Philippine mayor shot in pre-election ambush

Philippine mayor shot in pre-election ambush

A Philippine town mayor was shot and wounded in an ambush in the conflict-wracked south on Sunday, two days before the official campaign for general elections in May kick off, police said.
Published 08 Feb, 2016 12:00am
Saudi King Salman calls for others not to interfere in kingdom

Saudi King Salman calls for others not to interfere in kingdom

Saudi Arabia's King Salman on Sunday called on other countries not to interfere in the kingdom's internal affairs in what appeared to be a rebuke to Riyadh's main foe Iran, which it accuses of attempting to stir unrest.
Published 08 Feb, 2016 12:00am
Economy, security woes dent popularity of Canada's Trudeau

Economy, security woes dent popularity of Canada's Trudeau

One hundred days after Justin Trudeau's Liberal government was sworn in, the still-popular Canadian prime minister faces mounting criticism, against the backdrop of a floundering economy and terror fears. The 44-year-old Trudeau - a former schoolteacher a
Published 08 Feb, 2016 12:00am
Cameron rebuked by party members for ignoring their views on EU

Cameron rebuked by party members for ignoring their views on EU

British Prime Minister David Cameron is facing a revolt from among his Conservatives for encouraging lawmakers to ignore their local party's views on an upcoming European Union membership referendum. Cameron has said he will back staying in the EU if a dr
Published 08 Feb, 2016 12:00am
Algerian lawmakers adopt constitutional reforms

Algerian lawmakers adopt constitutional reforms

Algeria's parliament adopted a package of constitutional reforms Sunday that authorities say will strengthen democracy, but opponents doubt it will bring real change. The reforms are meant to address longstanding public grievances in the North African nat
Published 08 Feb, 2016 12:00am
Four killed, including child, in Burundi grenade attacks

Four killed, including child, in Burundi grenade attacks

Four people, including a child, were killed in grenade attacks in Burundi's capital Bujumbura, which has been wracked by political violence, an official and witnesses said Sunday. The four were killed by an attack late Saturday in a bar in the working cla
Published 08 Feb, 2016 12:00am
Bosnians protest against hijab ban in judiciary

Bosnians protest against hijab ban in judiciary

Some 2,000 people, mostly women, protested on Sunday in downtown Sarajevo against a recent ban on wearing a hijab headscarf in the majority Muslim country's judicial institutions. "We gathered to protest against prejudices, discrimination and marginalisat
Published 08 Feb, 2016 12:00am
Rescuers race to save buried Taiwan quake victims

Rescuers race to save buried Taiwan quake victims

Rescuers raced Sunday to free around 120 people buried under the rubble of an apartment complex felled by an earthquake in southern Taiwan that left 31 confirmed dead, as an investigation began into the collapse.
Published 08 Feb, 2016 12:00am
Two migrant women dead from cold in Bulgaria

Two migrant women dead from cold in Bulgaria

Two female migrants found dead in a mountainous rural region of Bulgaria died due to freezing conditions, authorities said Sunday, as asylum seekers continue to try to reach the EU despite harsh winter weather. The women were part of a group of 19 migrant
Published 08 Feb, 2016 12:00am
Work placement for Sweden's recent migrants

Work placement for Sweden's recent migrants

Sweden is pushing local governments to create temporary work placements for migrants as the country attempts to integrate a dramatic influx of refugees, an official said Sunday.
Published 08 Feb, 2016 12:00am
General defends French response to massacre in Rwanda probe

General defends French response to massacre in Rwanda probe

A French general has defended France's response to the 1994 Rwandan genocide, saying his troops did not give so much as a bullet to the perpetrators and did not immediately grasp the scale of the killing, sources said Sunday. General Jean-Claude Lafourcad
Published 08 Feb, 2016 12:00am
CJF hails KP government's efforts towards boosting local arts, culture

CJF hails KP government's efforts towards boosting local arts, culture

The Culture Journalists' Forum (CJF) in its meeting has hailed the untiring efforts for revivaal of local arts and culture. A meeting of the Culture Journalists' Forum was held here on Sunday in which the participants appreciated the efforts of the Khyber
Published 08 Feb, 2016 12:00am
FCCI concerned over high prices of construction material

FCCI concerned over high prices of construction material

Faisalabad Chamber of Commerce and Industry (FCCI) has expressed grave concerns over high prices of construction material despite remarkable decrease in POL prices in international market and termed it as major hurdle in development and initiating new pro
Published 08 Feb, 2016 12:00am
JI welcomes resumption of PIA flights

JI welcomes resumption of PIA flights

Chief of Jamaat e Islami Pakistan, Senator Sirajul Haq, has welcomed partial resumption of PIA flights and said the PIA employees had shown large heartedness, thus defeating the ego and intransigence of the rulers.
Published 08 Feb, 2016 12:00am
APC asks government to withdraw its sell-off plan

APC asks government to withdraw its sell-off plan

An anti-privatisation All Parties Conference (APC), organised by the Jamaat-e-Islami's Lahore chapter on Sunday, demanded of the government to review and withdraw its decision to privatise major national institutions. The APC urged the government to conve
Published 08 Feb, 2016 12:00am
Unity vital for defeating enemies of humanity: Mansha

Unity vital for defeating enemies of humanity: Mansha

Adviser to Punjab Chief Minister Khawaja Muhammad Mansha ullah Butt has said that PML-N led government was making hectic efforts for purging the country from the menace of terrorism and making it a safe heaven. Addressing book lunching ceremony of "Mata-e
Published 08 Feb, 2016 12:00am
PTI leader criticises 'anti-people' policies

PTI leader criticises 'anti-people' policies

Pakistan Tehreek-e-Insaf senior leader, Chaudhry Mohammad Sarwar has warned the PML-N government to refrain from carrying out anti-people policies. While speaking at luncheon given in his honour in Lahore on Sunday, the PTI leader said that the PTI would
Published 08 Feb, 2016 12:00am
Privatisation aims at lessening burden on kitty: Dastgir

Privatisation aims at lessening burden on kitty: Dastgir

Federal Minister for Commerce, Engineer Khurram Dastagir Khan said that privatisation of state entities going in loss was aimed at lessening burden on national exchequer and government is committed to privatize all such entities. Addressing the oath-takin
Published 08 Feb, 2016 12:00am
Freight trains: PR to generate over Rs 12 billion revenue

Freight trains: PR to generate over Rs 12 billion revenue

Pakistan Railways will generate over Rs 12 billion revenue through freight trains during the current financial year. According to a senior Railways official, the organisation will cross the set revenue generation targets in freight sector this year.
Published 08 Feb, 2016 12:00am
Low oil prices may lead to another global crisis: PEW

Low oil prices may lead to another global crisis: PEW

Pakistan Economy Watch (PEW) on Sunday said that the world community should unite to counter threat of low oil prices, as it could bankrupt oil importing developing countries before the oil-rich nations paving way for another international crisis.
Published 08 Feb, 2016 12:00am
TEVTA issues 13,000 certificates in RPL program

TEVTA issues 13,000 certificates in RPL program

Technical Education and Vocational Training Authority (TEVTA) has issued nationally as well as globally recognised certificates to 13,000 uncertified skilled workers in first phase of Recognition of Prior Learning (RPL) program. Keeping in view the overwh
Published 08 Feb, 2016 12:00am
Killing of PIA workers: PTI demands formation of judicial commission

Killing of PIA workers: PTI demands formation of judicial commission

Pakistan Tehreek-i-Insaf (PTI) central leader Shah Mehmood Qureshi on Sunday demanded to form judicial commission to probe the murder of Pakistan International Airlines (PIA) employees. While talking to media in Multan, PTI leader said that while enforcin
Published 08 Feb, 2016 12:00am
Traders welcome successful IMF review
Exchange

Traders welcome successful IMF review

The business community of Rawalpindi and Islamabad on Sunday hailed successful 10th review of the three-year Extended Fund Facility (EFF) programme by the International Monetary Funds (IMF). The review would lead to the release of 10th tranche of $500 mil
Published 08 Feb, 2016 12:00am
Driver killed, six hurt by robbers

Driver killed, six hurt by robbers

The driver of a coach was killed and six other persons were injured when robbers opened fire on the vehicle, here on Sunday. According to police, the robbers signalled to stop the Karachi-bound passenger coach coming from Peshawar in Naherkot area of Shik
Published 08 Feb, 2016 12:00am
Terror plot foiled

Terror plot foiled

The police foiled a terror bid as it recovered bomb planted by roadside here on Sunday which was later defused by bomb disposal squad (BDS). Police said that dwellers of Kaley Sehr Road of Dera Bugti spotted presence of a suspected water cooler by roadsid
Published 08 Feb, 2016 12:00am
Two more children die in Thar

Two more children die in Thar

Starvation coupled with several diseases continues to haunt residents of Thar as two more children breathed their last on Sunday in Civil Hospital Mithi. Some 133 children have fallen victim to malnutrition since the start of this year.
Published 08 Feb, 2016 12:00am
Thar situation Commissioner reviews measures

Thar situation Commissioner reviews measures

Divisional Commissioner Mirpurkhas Shafique Ahmed Mehesar has said that a Health Institute programme has been started in Tharparkar. He said this while chairing a meeting to review measures taken during last 30 days in Mithi, here on Sunday. He was briefe
Published 08 Feb, 2016 12:00am
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