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Print - 2016-03-01
Inter-College Girls contest begins in KPK

Inter-College Girls contest begins in KPK

Inter-College Girls Games of Khyber Pakhtunkhwa begum here at Qayyum Sports Complex under the aegis of Higher Education Department wherein a total of 400 players from 10 girls' colleges of Peshawar Division are taking part. The games were kicked up in a c
Published 01 Mar, 2016 12:00am
Peshawar White take U-20 hockey title

Peshawar White take U-20 hockey title

Peshawar White defeated Punjab White in the final match of the league round by securing first position with 12 points after winning all matches in the National Junior Under-20 Boys Hockey Championship played here at Lala Ayub Hockey Stadium on Monday.
Published 01 Mar, 2016 12:00am
Caballero saves earn Man City League Cup glory

Caballero saves earn Man City League Cup glory

Willy Caballero proved an unlikely hero with three penalty saves as Manchester City beat Liverpool 3-1 in a Wembley Stadium shootout on Sunday to win the English League Cup. The game finished 1-1 following extra time, Philippe Coutinho equalising for Live
Published 01 Mar, 2016 12:00am
Kyrgyzstan decries British MP's 'baseless' graft allegations

Kyrgyzstan decries British MP's 'baseless' graft allegations

The Football Federation of Kyrgyzstan (FFKR) described as baseless Monday a British lawmaker's claim it may have accepted a bribe from former FIFA presidential candidate Sheikh Salman bin Ibrahim al Khalifa. Natalya Ugrumova, the FFKR's spokeswoman catego
Published 01 Mar, 2016 12:00am
Malik, Akmal guide Pakistan home

Malik, Akmal guide Pakistan home

Shoaib Malik and Umar Akmal each scored a half-century as Pakistan survived an early innings jitters to beat the United Arab Emirates (UAE) by seven wickets in the Asia Cup match played at the Sher-e-Bangla National Cricket Stadium, Dhaka on Monday. Set a
Published 01 Mar, 2016 12:00am
US releases Iraq dam collapse evacuation advice

US releases Iraq dam collapse evacuation advice

The US embassy in Iraq has released evacuation recommendations it said could help save up to 1.5 million lives at risk from a catastrophic failure of the Mosul Dam. Concern has grown in recent months over a possible collapse of Iraq's largest dam, which w
Published 01 Mar, 2016 12:00am
Three dead, five missing in Philippine mine accident

Three dead, five missing in Philippine mine accident

Three people died and five are missing after water flooded a mine in a mountainous gold rush town in the southern Philippines, police said Monday. Rescuers lowered tubes to pump water out of the mine in the impoverished town of Monkayo during the search f
Published 01 Mar, 2016 12:00am
UN to send human rights team to Burundi

UN to send human rights team to Burundi

The UN said Monday it will send a team of human rights investigators to Burundi to look into allegations of widespread violations committed during the country's 10-month long crisis. The three investigators are due to visit Burundi for a week from March 1
Published 01 Mar, 2016 12:00am
Hungarian children boycott school in education protest

Hungarian children boycott school in education protest

Schools across Hungary were half-empty on Monday after parents kept their children at home as part of a growing revolt over the right-wing government's sweeping education reforms. More than 34,000 people signed up to the protest on the Facebook page "I wo
Published 01 Mar, 2016 12:00am
Knife attacker injures 10 children at Chinese school

Knife attacker injures 10 children at Chinese school

A knife-wielding assailant hacked at children in a Chinese schoolyard on Monday, wounding 10 before killing himself, police and reports said, the latest such attack in the country. Pupils were lining up to go home at the end of the morning session when th
Published 01 Mar, 2016 12:00am
At last second, SpaceX delays satellite launch again

At last second, SpaceX delays satellite launch again

In the very last second before liftoff Sunday, SpaceX scrubbed the launch of its Falcon 9 rocket to send a communications satellite into orbit, marking the third delay since last week. A fuel problem forced the sudden delay, following a postponement - kno
Published 01 Mar, 2016 12:00am
Hong Kong booksellers confess to 'illegal book trading'

Hong Kong booksellers confess to 'illegal book trading'

Four Hong Kong booksellers known for titles critical of Beijing, who have been detained in China in a case that shocked their home city, have confessed on television to smuggling books into the mainland. In individual interviews broadcast on Hong Kong-bas
Published 01 Mar, 2016 12:00am
DiCaprio finally wins Oscar, 'Spotlight' grabs best film

DiCaprio finally wins Oscar, 'Spotlight' grabs best film

Leonardo DiCaprio won his long-awaited first Oscar for revenge epic "The Revenant" Sunday but journalism drama "Spotlight" took best picture in a surprising end to Hollywood's glittering awards season. The night was overshadowed by a simmering race row, a
Published 01 Mar, 2016 12:00am
South Korea MPs push record filibuster into seventh day

South Korea MPs push record filibuster into seventh day

A record-breaking filibuster by South Korean opposition lawmakers entered its seventh day Monday in a bid to block a bill giving greater surveillance powers to the national spy agency. The marathon filibuster began last Tuesday and is being hailed as the
Published 01 Mar, 2016 12:00am
Malaysia's Mahathir quits ruling party

Malaysia's Mahathir quits ruling party

Former Malaysian premier Mahathir Mohamad announced Monday he was quitting the ruling party, saying it had degenerated into an organisation whose sole purpose was to protect scandal-plagued Prime Minister Najib Razak. Mahathir has for months been a leadin
Published 01 Mar, 2016 12:00am
Citigroup sells China Guangfa stake for $3 billion

Citigroup sells China Guangfa stake for $3 billion

US bank Citigroup announced Monday it would sell its 20 percent stake in China Guangfa Bank to China Life Insurance Company as it focuses on its own franchise in China. Citigroup sold the stake to China Life for $3 billion, said a person close to the matt
Published 01 Mar, 2016 12:00am
Former TEPCO bosses indicted over Fukushima disaster

Former TEPCO bosses indicted over Fukushima disaster

Three former executives of the crippled Fukushima nuclear plant operator were indicted Monday over the 2011 atomic accident, in what will be the first criminal trial linked to the disaster. Ex-Tokyo Electric Power (TEPCO) chairman Tsunehisa Katsumata, and
Published 01 Mar, 2016 12:00am
Argentina reaches deal on debt with 'vulture' funds: mediator

Argentina reaches deal on debt with 'vulture' funds: mediator

Argentina has reached a deal to pay "holdout" creditors led by hedge funds NML Capital and Aurelius Capital Management after a 15-year legal battle, mediator Daniel Pollack announced Monday. Pollack said an in-principle deal was struck late Sunday for the
Published 01 Mar, 2016 12:00am
Argentina reaches deal on debt with 'vulture' funds: mediator

Argentina reaches deal on debt with 'vulture' funds: mediator

Argentina has reached a deal to pay "holdout" creditors led by hedge funds NML Capital and Aurelius Capital Management after a 15-year legal battle, mediator Daniel Pollack announced Monday. Pollack said an in-principle deal was struck late Sunday for the
Published 01 Mar, 2016 12:00am
Suicide bombing kills four in Aden

Suicide bombing kills four in Aden

A suicide car bombing killed four people Monday when it hit a gathering of loyalist forces in Yemen's Aden, the southern city serving as a government base, a security official said. Five others were wounded in the attack in the residential Sheikh Othman d
Published 01 Mar, 2016 12:00am
Rouhani secures more moderate parliament

Rouhani secures more moderate parliament

Iran's President Hassan Rouhani secured a more moderate parliament Monday after elections saw hard-liners soundly trumped by reformists while conservatives lost seats and voters implicitly backed the government. Final results showed seats being shared thr
Published 01 Mar, 2016 12:00am
UK troops sent to Tunisia to bolster Libyan border

UK troops sent to Tunisia to bolster Libyan border

Britain is sending a training team of around 20 soldiers to Tunisia to help stop people illegally entering from neighbouring Libya, Defence Minister Michael Fallon told parliament on Monday. "A training team of some 20 troops from the 4th Infantry Brigade
Published 01 Mar, 2016 12:00am
EU, Canada make breakthrough on trade deal

EU, Canada make breakthrough on trade deal

The European Union and Canada announced a major breakthrough towards completing a delayed free trade deal on Monday with hopes that the accord could be in effect next year. Canadian and European leaders formally concluded the deal in 2014, but implementat
Published 01 Mar, 2016 12:00am
Mexico issues alert after theft of radioactive material

Mexico issues alert after theft of radioactive material

Five Mexican states were put on alert Sunday after a truck carrying a container of potentially dangerous radioactive material was stolen, the interior ministry said. The National Co-ordination of Civil Protection issued the warning after a company in the
Published 01 Mar, 2016 12:00am
Clashes as France starts destroying 'Jungle' migrant camp

Clashes as France starts destroying 'Jungle' migrant camp

Clashes broke out between French riot police and migrants on Monday as bulldozers moved into the grim shantytown on the edge of Calais known as the "Jungle" to start destroying hundreds of makeshift shelters. Police lobbed tear gas cannisters at migrants
Published 01 Mar, 2016 12:00am
Explosives case: ATC indicts MQM Lyari sector in-charge

Explosives case: ATC indicts MQM Lyari sector in-charge

An Anti-Terrorism Court (ATC) in Karachi on Monday indicted sector in-charge of Muttahida Qaumi Movement (MQM) in Lyari Amir alias Sar Phata in explosives possession case. The hearing of the case was conducted in Karachi Central Jail Complex. The accused,
Published 01 Mar, 2016 12:00am
MCC foils plan to smuggle heroin to Sri Lanka

MCC foils plan to smuggle heroin to Sri Lanka

Model Collectorate of Customs (MCC), Preventive on Monday claimed to have foiled an attempt to smuggle heroin to Sri Lanka from Karachi Airport. According to Preventive officials, this action was taken on a tipoff, which revealed that some unscrupulous el
Published 01 Mar, 2016 12:00am
Zardari felicitates Sharmeen

Zardari felicitates Sharmeen

Former President Pakistan and President Pakistan Peoples' Party Parliamentarians Asif Ali Zardari has felicitated Pakistani film maker Sharmeen Obaid Chinoy for winning second Oscar for her documentary "A girl in the river: The price of forgiveness." Shar
Published 01 Mar, 2016 12:00am
Silkbank declares financial results

Silkbank declares financial results

The Board of Directors of Silkbank Limited, in their meeting held on February 28, 2016, announced the annual results for the year ended December 31, 2015. Amongst the key achievements of 2015 was the successful raising of Rs 10 billion in capital through
Published 01 Mar, 2016 12:00am
Silkbank declares financial results

Silkbank declares financial results

The Board of Directors of Silkbank Limited, in their meeting held on February 28, 2016, announced the annual results for the year ended December 31, 2015. Amongst the key achievements of 2015 was the successful raising of Rs 10 billion in capital through
Published 01 Mar, 2016 12:00am
Pakistan Petroleum Limited

Pakistan Petroleum Limited

Share price of Pakistan Petroleum Limited (PSX: PPL) has been underperforming the benchmark index, but that's the case with all the listed oil and gas exploration and production companies as low oil prices have continued drag the industry's revenu
Published 01 Mar, 2016 12:00am
Pakistan Petroleum Limited

Pakistan Petroleum Limited

Share price of Pakistan Petroleum Limited (PSX: PPL) has been underperforming the benchmark index, but that's the case with all the listed oil and gas exploration and production companies as low oil prices have continued drag the industry's revenues.
Published 01 Mar, 2016 12:00am
UAF kicks off spring festival

UAF kicks off spring festival

The University of Agriculture Faisalabad(UAF) on Monday opened spring festival which brings colourful events including book fair, agricultural exhibition, greyhounds race, agricultural exhibition, book fair, Kissan convention, fancy birds show; tent peggi
Published 01 Mar, 2016 12:00am
PRGMEA for translation of statements into actions

PRGMEA for translation of statements into actions

The Pakistan Readymade Garments Manufacturers' and Exporters' Association (PRGMEA) has sought early discharge of export relating statements made by the government in recent past. It has also sought a direct intervention from the prime minister in this reg
Published 01 Mar, 2016 12:00am
Governor for revival of glory of Empress Market

Governor for revival of glory of Empress Market

Governor Sindh Dr Ishrat-ul-Ebad Khan has said that Empress Market-Saddar and adjoining streets would be revived to their past glory not only to preserve the history but also to promote a healthy environment in the area. This he said while talking to medi
Published 01 Mar, 2016 12:00am
National issues: Punjab governor for promoting reconciliation

National issues: Punjab governor for promoting reconciliation

Punjab Governor Rafique Rajwana has said that all the provincial governments have the cooperation of the Federal Government, and the provinces should promote an environment of reconciliation on national issues for stability of federation.
Published 01 Mar, 2016 12:00am
Government to introduce zero-rating regime for exports: minister

Government to introduce zero-rating regime for exports: minister

The government has decided in principal to introduce zero-rating regime for exports from next financial year, said Federal Minister for Commerce Engineer Khurram Dastgir. He was addressing a meeting in Faisalabad Chamber of Commerce and Industry (FCCI), h
Published 01 Mar, 2016 12:00am
Tax returns: LTBA seeks extension in deadline

Tax returns: LTBA seeks extension in deadline

Lahore Tax Bar Association (LTBA) Presidential Candidate and former Secretary General Aamir Qadeer has urged the Federal Board of Revenue (FBR) to extend the date for submission of tax returns as people could not done the same because of issue of impositi
Published 01 Mar, 2016 12:00am
LCCI underscores need for restoration of gas supply to PSM
Exchange

LCCI underscores need for restoration of gas supply to PSM

Lahore Chamber of Commerce and Industry executive committee member Raja Adeel Ashfaq has stressed the need for immediate restoration of gas supply to the Pakistan Steel Mills. Ashfaq in a statement on Monday said it is a matter of concern that Pakistan St
Published 01 Mar, 2016 12:00am
National ICT R&D Fund decides to slash number of scholarships

National ICT R&D Fund decides to slash number of scholarships

Facing financial crunch, the National ICT R&D Fund has decided to slash the number of scholarships to 165 from 500 under the Prime Minister's National ICT R&D scholarship programme (PMNICTSP), it is learnt. According to the documents available, Project Ap
Published 01 Mar, 2016 12:00am
Contempt of court proceedings: notice issued to Director FIA

Contempt of court proceedings: notice issued to Director FIA

The Lahore High Court on Monday issued notice to Director Federal Investigation Agency (FIA) for March 21 in a petition seeking contempt proceedings against him for not taking action against a private production house on charges of plagiarising a drama sc
Published 01 Mar, 2016 12:00am
'Women's education critical to creating awareness'

'Women's education critical to creating awareness'

Special Assistant to Chief Minister for Information and Higher Education Mushtaq Ahmad Ghani Monday said the Provincial Government has strongly believed in women education which is very important for creating awareness, forming social relationships and wo
Published 01 Mar, 2016 12:00am
Thin attendance in public & private offices

Thin attendance in public & private offices

Attendance on Monday remained thin in government and private sector offices while Metro bus services was also suspended in twin cities, Islamabad and Rawalpindi, due to protests against the execution of Mumtaz Qadri. In this respect, all Public and privat
Published 01 Mar, 2016 12:00am
Religious parties protest against Qadri's execution

Religious parties protest against Qadri's execution

The religious parties held protest demonstration on Monday in different parts of the city against the execution of Mumtaz Qadri in Rawalpindi's Adiala Jail in murder case of the then Governor Punjab, Salman Taseer. Angry demonstrators blocked the road at
Published 01 Mar, 2016 12:00am
Minister hails Women's Protection Bill

Minister hails Women's Protection Bill

The provincial minister for women development has attempted to explain the importance of the Women Protection Bill by saying its purpose is to protect and rehabilitate women subjected to violence.
Published 01 Mar, 2016 12:00am
NIB Bank's FY 2015 results show 176 percent growth

NIB Bank's FY 2015 results show 176 percent growth

NIB Bank announced financial results for the year 2015 on 24 February 2016. For the year ended 31 December 2015, the Bank has posted an operating profit of Rs 4.37 billion compared to an operating profit of Rs 1.58 billion for the year 2014, an increase o
Published 01 Mar, 2016 12:00am
Byco clarification

Byco clarification

This is apropos a news story "Byco decides to lay off hundreds of employees" carried by Business Recorder on February 27th 2016, mentioning the rightsizing was due to the immense pressure from UAE-based shareholder.
Published 01 Mar, 2016 12:00am
Markets remain close in Multan over Qadri's hanging

Markets remain close in Multan over Qadri's hanging

Major markets including cloth market of Andhi Khoi, Chowk Bazar, Hussain Agahi Bazar, Grain market, iron market, and fruits-vegetable market remained closed in Multan city to mourn the hanging of Mumtaz Qadri, the killer of Punjab governor Salman Taseer.
Published 01 Mar, 2016 12:00am
Markets remain close in Multan over Qadri's hanging

Markets remain close in Multan over Qadri's hanging

Major markets including cloth market of Andhi Khoi, Chowk Bazar, Hussain Agahi Bazar, Grain market, iron market, and fruits-vegetable market remained closed in Multan city to mourn the hanging of Mumtaz Qadri, the killer of Punjab governor Salman Taseer.
Published 01 Mar, 2016 12:00am
PAD to arrange agriculture conference

PAD to arrange agriculture conference

The Punjab Agriculture Department (PAD) is arranging one-day "Punjab agriculture conference 2016" to discuss proposals from stakeholders to finalise an agricultural policy. The Punjab chief minister is chief guest while Federal Minister for National Food
Published 01 Mar, 2016 12:00am
Cooperation in water sector Punjab government, Chinese co sign MoU

Cooperation in water sector Punjab government, Chinese co sign MoU

A memorandum of understanding was signed between Punjab government and Chinese company Sino Hydro Corporation for cooperation in water sector, here on Monday. Punjab Chief Minister Muhammad Shahbaz Sharif was the chief guest on the occasion. MD WASA Chaud
Published 01 Mar, 2016 12:00am
TEVTA, Taiwan firm to collaborate in solar sector

TEVTA, Taiwan firm to collaborate in solar sector

"Technical Education and Vocational Training Authority (TEVTA) in collaboration with New Green Power Taiwan will train its in-service teachers and unemployed youth in the field of solar technology. All necessary arrangements will be finalised soon to star
Published 01 Mar, 2016 12:00am
Samad made Sr VC FPCCI body

Samad made Sr VC FPCCI body

Abdul Rauf Alam President Federation Pakistan Chamber of Commerce and Industry (FPCCI) has appointed Abdul Samad Budhani as Senior Vice Chairman of FPCCI's standing committee on "Chemists and Druggist" for the year 2016.
Published 01 Mar, 2016 12:00am
WFP hands over 11 micronutrient feeders to Sindh government

WFP hands over 11 micronutrient feeders to Sindh government

The United Nations World Food Programme (WFP) has officially handed over 11 micronutrient feeders donated by the Turkish Cooperation and Co-ordination Agency (TIKA) to the Department of Health, Government of Sindh, here on Monday. The handover ceremony to
Published 01 Mar, 2016 12:00am
Contract agreement for master planning of LKP signed

Contract agreement for master planning of LKP signed

Work on the master plan and engineering design of the proposed Lahore Knowledge Park (LKP) is slated to begin in earnest, following the formal signing of a contract agreement between the Lahore Knowledge Park Company (LKPC) and the consulting firm of Osma
Published 01 Mar, 2016 12:00am
Workshop held on formulation of Punjab ADP 2016-17

Workshop held on formulation of Punjab ADP 2016-17

Punjab Planning & Development Department with the technical assistance from UK's Department for International Development (DFID) funded Sub-National Governance Programme organised a workshop on the formulation of Punjab Annual Development Plan (ADP) 2016-
Published 01 Mar, 2016 12:00am
Journalists Protection, Welfare Bill Committee proceedings postponed

Journalists Protection, Welfare Bill Committee proceedings postponed

The Committee on Information, Broadcasting and National Heritage on Monday postponed the committee proceedings to consider the Bill titled "The Journalists Protection and Welfare Bill, 2011" due to absence of media house owners. The bill was introduced on
Published 01 Mar, 2016 12:00am
Chehlum of BKU attack martyrs observed

Chehlum of BKU attack martyrs observed

Chehlum of Bacha Khan University's students and faculty members, who were killed in terrorists' attack at the campus on January 20 2016, was held amid tight security at BKU in Charsadda on Monday. Quran Khawani and Fateha were offered for departed souls o
Published 01 Mar, 2016 12:00am
How to turn around PIA: give me powers of private sector MD: Zubair

How to turn around PIA: give me powers of private sector MD: Zubair

"Give me the same powers as of the Managing Director of a private sector entity and I will turn around the picture of Pakistan International Airlines (PIA)," stated Chairman Privatisation Commission Mohammad Zubair at a seminar on "PIA's Restructure, Refo
Published 01 Mar, 2016 12:00am
Thousands protest in twin cities

Thousands protest in twin cities

Condemning the execution of Mumtaz Qadri, the self-claimed killer of former Punjab Governor Salman Taseer, members of different religious outfits took to the streets and blocked main arteries of Rawalpindi and Islamabad and burnt tyres Monday. Qadri was h
Published 01 Mar, 2016 12:00am
Final touches given to All Pakistan Youth Mega Challenge MC-16

Final touches given to All Pakistan Youth Mega Challenge MC-16

Final touches have been given for holding the biggest All-Pakistan Youth Carnival with the name of Mega Challenge (MC-16) on March 5-6, 2016 at Qayyum Sports Complex under the aegis of Directorate of Sports and Youth Affairs Khyber Pakhtunkhwa here.
Published 01 Mar, 2016 12:00am
KP CM puts 100 airconditioned buses in Operation

KP CM puts 100 airconditioned buses in Operation

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has ordered operationalization of one hundred latest air-conditioned buses from Chamkani to Hayatabad to provide efficient and comfortable transportation services to the citizens of Peshawar City.
Published 01 Mar, 2016 12:00am
Rs 7.331 billion fines imposed on textile unit, banks
Exchange

Rs 7.331 billion fines imposed on textile unit, banks

State Bank of Pakistan (SBP) Foreign Exchange Adjudicating Court has imposed a cumulative penalty of Rs 7.331 billion on seven banks and a textile mill for non-repatriation of export proceeds. Sources said the penalty was imposed in the last week of Janua
Published 01 Mar, 2016 12:00am
'Motorway Police uphold high standards of professionalism'

'Motorway Police uphold high standards of professionalism'

Minister of State for Parliamentary Affairs Sheikh Aftab Ahmad said that Motorway police are serving the nation for the past 18 years and uphold its high standards of professionalism. He said that Motorway police is an exemplary institution with excellent
Published 01 Mar, 2016 12:00am
Dr Afia's repatriation: IHC seeks report from federation

Dr Afia's repatriation: IHC seeks report from federation

The Islamabad High Court (IHC) on Monday sought report from federation pertaining to steps taken for repatriation of Dr Aafia Siddiqui to Pakistan. Dr Aafia Siddiqui's sister Dr Fouzia Siddiqui has filed a petition in the IHC urging the court to issue dir
Published 01 Mar, 2016 12:00am
Fatemi congratulates Sharmeen Chinoy

Fatemi congratulates Sharmeen Chinoy

The Special Assistant to the Prime Minister on Foreign Affairs (SAPM), Syed Tariq Fatemi, congratulated the Pakistani film-maker, Ms Sharmeen Obaid Chinoy for winning the Academy Award for her documentary "A Girl in the River - The Price of Forgiveness" .
Published 01 Mar, 2016 12:00am
Italian companies 'Mapei's entry testifies increasing attention'

Italian companies 'Mapei's entry testifies increasing attention'

Italian Ambassador, Stefano Pontecorvo affirmed that Mapei's entry in Pakistani market clearly testifies the increasing attention by Italian companies towards a country of an inevitable market. Mapei, an Italian company boasts a range of more than 1500 pr
Published 01 Mar, 2016 12:00am
State-of-the-art: Bio-Safety Laboratory opens

State-of-the-art: Bio-Safety Laboratory opens

An state-of-the-art Bio-Safety Laboratory (BSL) Level-III was inaugurated in the premises of Hayatabad Medical Complex, Peshawar. Senior Minister for Health Shahram Tarakai formally inaugurated the newly-established laboratory by unveiling a plaque here o
Published 01 Mar, 2016 12:00am
President, Prime Minister felicitate Sharmeen on winning second Oscar

President, Prime Minister felicitate Sharmeen on winning second Oscar

President Mamnoon Hussain on Monday congratulated Sharmeen Obaid Chinoy on winning her second Oscar award. The President said that Ms Sharmeen Obaid Chinoy has highlighted an important social issue in her film for which she deserves congratulation. The Pr
Published 01 Mar, 2016 12:00am
Hawala/Hundi business: MoF tells SECP to develop SOP
Exchange

Hawala/Hundi business: MoF tells SECP to develop SOP

The Ministry of Finance has directed the Securities and Exchange Commission of Pakistan (SECP) to develop a Standard Operating Procedure (SOP) in co-ordination with State Bank of Pakistan (SBP), Ministry of Interior and Federal Investigation Agency (FIA)
Published 01 Mar, 2016 12:00am
Hawala/Hundi business: MoF tells SECP to develop SOP
Exchange

Hawala/Hundi business: MoF tells SECP to develop SOP

The Ministry of Finance has directed the Securities and Exchange Commission of Pakistan (SECP) to develop a Standard Operating Procedure (SOP) in co-ordination with State Bank of Pakistan (SBP), Ministry of Interior and Federal Investigation Agency (FIA)
Published 01 Mar, 2016 12:00am
Women protection bill lauded

Women protection bill lauded

The member of the Special Monitoring Unit of the Chief Minister Secretariat has lauded the Violence Bill, saying it focuses on redressing the women's grievances and on their legal assistance and rehabilitation. Member Salman Sufi giving a briefing to civi
Published 01 Mar, 2016 12:00am
Barriers hampering trade to be removed: Russian envoy

Barriers hampering trade to be removed: Russian envoy

Pakistani Prime Minister, Nawaz Sharif is expected to have a meeting with President Russian Federation Vladimir Putin in Tashkent this year to remove bottlenecks hampering Pak-Russia bilateral trade said His Excellency Alexey y. Dedov Ambassador of the Ru
Published 01 Mar, 2016 12:00am
Pharma sources claim fake list of medicines by DRA

Pharma sources claim fake list of medicines by DRA

The Drug Regulatory Authority is trying to "hoodwink the media by circulating a fake list of medicines" in the provinces which have been told to act against pharmaceutical companies, claim industry sources. The drug authority has circulated in the media a
Published 01 Mar, 2016 12:00am
Nearly 1.5 million visit PEF website

Nearly 1.5 million visit PEF website

More than 1.5 million people from across the globe have visited the new official website of the Punjab Education Foundation (PEF) until 28th February. This website was launched in September 2015 by the PEF IT department to better serve to the stakeholders
Published 01 Mar, 2016 12:00am
Seminar on HIV/AIDS held

Seminar on HIV/AIDS held

The unsafe blood transfusion, use of un-sterilized medical/dental equipment, use of inject-able drugs and indulgence in immoral activities are the main causes of spreading of HIV/AIDS. More than 9,450 HIV positive people have been reported in Punjab till
Published 01 Mar, 2016 12:00am
New guidelines unveiled: SBP acts to address consumers' grievances

New guidelines unveiled: SBP acts to address consumers' grievances

The State Bank of Pakistan (SBP) Monday revised the guidelines on "Consumer Grievances Handling Mechanism" to provide banks' customers a fair mechanism for resolution of their grievances. Previously, in 20014, SBP released guidelines on dealing with custo
Published 01 Mar, 2016 12:00am
Governor signs Women Protection Bill into law

Governor signs Women Protection Bill into law

On the day when Sharmeen Obaid Chinoy won her second Oscar award for her documentary "A girl in the river" (about honour killings in Pakistan) Punjab Governor Malik Rafique Rajwana Monday signed the Protection of Women Against Violence Bill, as approved b
Published 01 Mar, 2016 12:00am
US MIDDAY: corn sags for fifth straight session

US MIDDAY: corn sags for fifth straight session

Chicago Board of Trade corn futures headed lower on Monday for a fifth straight session, retreating from early advances as concerns over weak demand pressured the market, traders said. Soyabean futures also sagged on larger-than-expected deliveries agains
Published 01 Mar, 2016 12:00am
US MIDDAY: gold moves up
Exchange

US MIDDAY: gold moves up

Gold rose 1 percent early on Monday, boosted by lower equities and weak US data, leaving the metal well placed to log its best monthly performance in four years as turmoil in wider markets increased its safe-haven appeal. Spot gold rose 1.3 percent to $1,
Published 01 Mar, 2016 12:00am
SOS

SOS

I fail to understand, is there no provision in our constitution, for any institution, any authority, or any individual to stop our Government from blatantly and ruthlessly, looting the country and its resources? The country's assets are being sold off end
Published 01 Mar, 2016 12:00am
In slump, oil firms turn to labs, data centres for help

In slump, oil firms turn to labs, data centres for help

In a basement lab of a North Dakota research center, Beth Kurz and an assistant are peering through a scanning electron microscope, studying samples from the state's vast Bakken shale oil formation. Kurz, a hydro-geologist, is part of a team, which looks
Published 01 Mar, 2016 12:00am
Deepening default fears cast shadow over Venezuela's oil flows
Exchange

Deepening default fears cast shadow over Venezuela's oil flows

As Venezuela grows closer to exhausting nearly every means of paying its debt, some oil market participants are seriously pondering the possible implications of an unprecedented event: the default of a major crude producing company. State-run firm PDVSA f
Published 01 Mar, 2016 12:00am
Accountability - a bad joke?

Accountability - a bad joke?

Successive regimes that ruled Pakistan over the past four decades turned accountability into a joke; none realised how this will hurt Pakistan's image and make it ever-more unattractive even for its citizens, let alone foreigners whose investment in the c
Published 01 Mar, 2016 12:00am
Putting the issue in perspective

Putting the issue in perspective

Mumtaz Qadri, the self-confessed assassin of Punjab governor, Salmaan Taseer, was hanged in the wee hours of Monday after a four-year long due process and appeals. Notably, while dismissing his review petition against the death sentence last December, the
Published 01 Mar, 2016 12:00am
IMF's sane advice to Gulf states
Exchange

IMF's sane advice to Gulf states

Known for abundance of resources and easy life not long ago, oil exporting countries seem to have fallen on hard times. Looking like a futurist, the IMF Chief, Christine Lagarde, told a forum in Abu Dhabi that oil exporting Gulf countries need to introduc
Published 01 Mar, 2016 12:00am
Balkan route will close when Austria reaches migrant limit: Macedonia

Balkan route will close when Austria reaches migrant limit: Macedonia

Macedonian President Gjorge Ivanov said in an interview Monday that, when Austria reaches its limit of 37,500 migrant entries this year, the Balkan refugee route will have to close. He defended his government's border restrictions to refugees seeking to t
Published 01 Mar, 2016 12:00am
IS-claimed blast kills at least 24 at Iraq Shia funeral

IS-claimed blast kills at least 24 at Iraq Shia funeral

A suicide bomber struck a Shia funeral north-east of Baghdad Monday, killing at least 24 people, including militia commanders, in an attack claimed by the Islamic State group, officials said. The blast in Muqdadiyah, which also wounded dozens of people, t
Published 01 Mar, 2016 12:00am
UK launches first new daily newspaper in three decades

UK launches first new daily newspaper in three decades

British Prime Minister David Cameron on Monday helped launch the country''''s first new national daily newspaper in 30 years, which vowed to show that print news could prosper in the Internet age. The New Day, created by publishing giant Trinity Mirror, h
Published 01 Mar, 2016 12:00am
UK launches first new daily newspaper in three decades

UK launches first new daily newspaper in three decades

British Prime Minister David Cameron on Monday helped launch the country''s first new national daily newspaper in 30 years, which vowed to show that print news could prosper in the Internet age. The New Day, created by publishing giant Trinity Mirror, hit
Published 01 Mar, 2016 12:00am
UK launches first new daily newspaper in three decades

UK launches first new daily newspaper in three decades

British Prime Minister David Cameron on Monday helped launch the country's first new national daily newspaper in 30 years, which vowed to show that print news could prosper in the Internet age. The New Day, created by publishing giant Trinity Mirror, hit
Published 01 Mar, 2016 12:00am
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