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Dec 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-03-16
Cotton market: spinners make fresh deals on lower rates
Cotton

Cotton market: spinners make fresh deals on lower rates

The trade activity improved on the cotton market on Tuesday as spinners made some fresh deals on lower prices, dealers said. The official spot rate was unchanged at Rs 5,200, dealers said. In Sindh, seed cotton prices were at Rs 2000-2200, and in Punjab p
Published 16 Mar, 2016 12:00am
Bangladesh tea prices fall

Bangladesh tea prices fall

Tea prices in Bangladesh fell sharply for a second straight week at the weekly auction, dragged down by inferior quality leaf. Bangladeshi tea fetched an average 131.63 taka ($1.7) per kg at the last auction of the season, down from 147.45 taka at the pre
Published 16 Mar, 2016 12:00am
Rising trend persists on grain market

Rising trend persists on grain market

A rising trend persisted on the wholesale grain market on Tuesday in the process of trading, dealers said. On the grams side, Gram Australia No. 1 was higher by Rs 200 to Rs 8600, Grams Australia Dall No.1, however, was down by Rs 300 to Rs 9300, yellow p
Published 16 Mar, 2016 12:00am
French PM opposes Benzema return to national team

French PM opposes Benzema return to national team

French Prime Minister Manuel Valls on Tuesday said Real Madrid star Karim Benzema should not be allowed to return to the France team while he remains at the centre of a sex-tape bribery inquiry.
Published 16 Mar, 2016 12:00am
Buoyant Bangladesh bid to turn screw on Pakistan

Buoyant Bangladesh bid to turn screw on Pakistan

Bangladesh will look to compound the misery of beleaguered Pakistan Wednesday in their opening group match of the World Twenty20, fresh from humbling their arch-rivals in the Asia Cup.
Published 16 Mar, 2016 12:00am
Elkeson double fires Shanghai top

Elkeson double fires Shanghai top

Brazilian forward Elkeson's double strike fired Shanghai SIPG to the top of their AFC Champions League group with a 2-1 win over Gamba Osaka on Tuesday. Elkeson, off-loaded by reigning Asian champions Guangzhou Evergrande in January, looked an increasingl
Published 16 Mar, 2016 12:00am
West Indies' 'Gayle Storm' set to hit England

West Indies' 'Gayle Storm' set to hit England

Controversial batsman Chris Gayle will be looking to ensure the West Indies' troubled build-up to the World Twenty20 becomes a distant memory when they open their campaign against England in Mumbai Wednesday.
Published 16 Mar, 2016 12:00am
DI Khan Region U-23 Inter-District Games begin

DI Khan Region U-23 Inter-District Games begin

Dera Ismail Khan Region Inter-District Men Games got under way amidst tight security in and around Dera Ismail Khan (D.I. Khan) Sports Complex Tuesday. Minister for Revenue Ali Amin Khan Ghandapur was the chief guest on this occasion who formally inaugura
Published 16 Mar, 2016 12:00am
National Open Polo Championship final today

National Open Polo Championship final today

Star-studded Diamond Paints and spirited Dollar East/Master Paints will vie for the top honours in the Bank Alfalah National Open Polo Championship 2016 for Quaid-e-Azam Gold Cup main final while Master Paints/Habib Metro and Learning Alliance will compet
Published 16 Mar, 2016 12:00am
Judy Murray quits British Fed Cup captaincy

Judy Murray quits British Fed Cup captaincy

Judy Murray has given up her role as captain of Great Britain's Fed Cup team, the Lawn Tennis Association announced Tuesday. Murray, the mother of British tennis star Andy Murray, was appointed to skipper the side in the Fed Cup - the leading women's inte
Published 16 Mar, 2016 12:00am
Wawrinka advances, Murray bows out in Indian Wells

Wawrinka advances, Murray bows out in Indian Wells

French Open champ Stan Wawrinka reached the Indian Wells fourth round while world No. 2 Andy Murray suffered a shock third-round exit at the hands of claycourt specialist Federico Delbonis on Monday. Wawrinka toppled Andrey Kuznetsov 6-4, 7-6 (7/5) in the
Published 16 Mar, 2016 12:00am
UN suspends Sharapova as goodwill ambassador

UN suspends Sharapova as goodwill ambassador

The United Nations has suspended Maria Sharapova as a goodwill ambassador after she failed a drug test at the Australian Open, the latest fall from grace for the Russian tennis star. Sharapova had been a goodwill ambassador for the UN Development Programm
Published 16 Mar, 2016 12:00am
IOC, WADA to reanalyse 2008, 2012 doping samples

IOC, WADA to reanalyse 2008, 2012 doping samples

Selected samples from the 2008 and 2012 Olympics in Beijing and London are to be reanalysed ahead of the Rio Games in an initiative aimed at protecting clean athletes, the International Olympic Committee (IOC) and the World Anti-Doping Agency (WADA) annou
Published 16 Mar, 2016 12:00am
New Zealand stun India by 47-run win in World T20 opener

New Zealand stun India by 47-run win in World T20 opener

New Zealand's spinners became unlikely heroes on Tuesday, leading their side to a stunning 47-run victory over favourites India in the World Twenty20 opening group match in Nagpur. The Kiwis stumbled to 126 for seven after electing to bat first, but their
Published 16 Mar, 2016 12:00am
Romanian economy has never seen bigger risks: central bank governor

Romanian economy has never seen bigger risks: central bank governor

Threats to Romania's economic stability have never been bigger because of uneven growth, expansionary fiscal policies and draft legislation that would enable mortgage holders to stop paying loans, Central Bank Governor Mugur Isarescu said on Tuesday.
Published 16 Mar, 2016 12:00am
ECO-CCI chief condemns Ankara attack

ECO-CCI chief condemns Ankara attack

President of ECO Chamber of Commerce & Industry (ECO-CCI) Abdul Rauf Alam has vehemently condemned the coward attack of the terrorists in Ankara, Turkey resulting in killing of large number of innocent people. Rauf Alam further said that Turkey is founder
Published 16 Mar, 2016 12:00am
World social work day marked at SU

World social work day marked at SU

Department of Social Work, University of Sindh on Tuesday celebrated World Social Work Day at Shaikh Ayaz Auditorium. The event presided by Dean Social Sciences Professor Dr Nagina Parveen was attended by Chairman Social Work, Professor Sayed Abbas Ali Sh
Published 16 Mar, 2016 12:00am
Industry-DRAP row creates shortage of essential drugs

Industry-DRAP row creates shortage of essential drugs

Many critically needed drugs are off the shelves due to price feud between the industry and Drugs Regulatory Authority of Pakistan (DRAP), it was leant on Tuesday. Market sources link the shortage of essential medicines to the ongoing row between the indu
Published 16 Mar, 2016 12:00am
Bullet-riddled body found

Bullet-riddled body found

The security personnel recovered bullet riddled body of a man here on Tuesday. Levies sources said that after being spotted by the local residents it took into custody body of a man from Neechari area of Kalat. The body was shifted to hospital where post-
Published 16 Mar, 2016 12:00am
Corps Commander, Sindh CM discuss NAP implementation

Corps Commander, Sindh CM discuss NAP implementation

Corps Commander Karachi Lieutenant General Naveed Mukhtar called on Sindh Chief Minister Syed Qaim Ali Shah here at CM House on Tuesday and discussed issues pertaining to security in the metropolis and across the province. The Chief Minister and the corps
Published 16 Mar, 2016 12:00am
Government urged to announce trade policy without delay

Government urged to announce trade policy without delay

Lasbela Chamber of Commerce and Industry President Maqsood Ismail has urged upon the government to announce a trade policy without further delay. Maqsood said that a trade and industrial policy was the need of the hour, which would enable the industrialis
Published 16 Mar, 2016 12:00am
PBIF chief for establishment of new tax revenue authority
Cotton

PBIF chief for establishment of new tax revenue authority

President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has suggested that a new tax revenue authority should be established keeping in view the issues of small traders according to their aspirations to widen the tax net and br
Published 16 Mar, 2016 12:00am
Hike in fares: railways urged to revisit its decision

Hike in fares: railways urged to revisit its decision

Commuters have denounced recent hike in the fares of Karachi Express-one of the oldest trains operating from Karachi to Lahore, and urged the government to withdraw its decision.
Published 16 Mar, 2016 12:00am
SAU exams on March 29

SAU exams on March 29

The Controller of examinations, Sindh Agriculture University Tandojam, has announced that the summer session Examinations calendar year 2014, and calendar Year 2016 for all classes of Bachelor's degree program, BSc (Agri) BSC (Hons) BE (Agri) DVM & BSIT (
Published 16 Mar, 2016 12:00am
Muneer inaugurates 3P-Pakistan 2016

Muneer inaugurates 3P-Pakistan 2016

Chief Executive Officer, Trade Development Authority of Pakistan SM Muneer has inaugurated 3P-Pakistan 2016 - 12th International Plastic, Printing, Packaging and Food Equipment and Technology Exhibition organised by FAKT Exhibitions (Pvt) Ltd being held a
Published 16 Mar, 2016 12:00am
Complacency is threat to Britain's stay-in-EU campaign: strategist

Complacency is threat to Britain's stay-in-EU campaign: strategist

The biggest risk for the campaign to keep Britain in the European Union is that people who wish to stay in the bloc may not show up to vote on the day of referendum in June, Prime Minister David Cameron's election strategist says.
Published 16 Mar, 2016 12:00am
Chinese hackers behind US ransomware attacks: security firms
Currency

Chinese hackers behind US ransomware attacks: security firms

Hackers using tactics and tools previously associated with Chinese government-supported computer network intrusions have joined the booming cyber crime industry of ransomware, four security firms that investigated attacks on US companies said.
Published 16 Mar, 2016 12:00am
Turkey says Ankara bomber linked to Syrian Kurdish rebels

Turkey says Ankara bomber linked to Syrian Kurdish rebels

Turkey on Tuesday said a female suicide bomber who killed 35 people in Ankara had links to a Syrian Kurdish militia, as security forces clashed with rebels in the restive south-east. The interior ministry identified the bomber as Seher Cagla Demir, born i
Published 16 Mar, 2016 12:00am
Czech leader accuses Turkey of 'blackmailing' EU over refugees

Czech leader accuses Turkey of 'blackmailing' EU over refugees

The Czech Republic on Tuesday alleged Turkey was "blackmailing" the EU with demands for extra cash to curb the flow of refugees and migrants to member state Greece. Under a deal clinched in November, the EU has already pledged three billion euros ($3.3 bi
Published 16 Mar, 2016 12:00am
Breivik makes Nazi salute as lawsuit against Norway opens

Breivik makes Nazi salute as lawsuit against Norway opens

Mass murderer Anders Behring Breivik on Tuesday made a Nazi salute at the opening of his lawsuit against Norway over his prison conditions, confirming fears he would use the opportunity to grandstand his extremist views.
Published 16 Mar, 2016 12:00am
North Korean leader says will soon test nuclear warhead

North Korean leader says will soon test nuclear warhead

North Korean leader Kim Jong Un said his country would soon test a nuclear warhead and ballistic missiles capable of carrying nuclear warheads, the North's KCNA news agency reported, in what would be a direct violation of UN resolutions which have the bac
Published 16 Mar, 2016 12:00am
Sri Lanka's economy slows as tea party ends

Sri Lanka's economy slows as tea party ends

Sri Lanka's economic growth slowed slightly to 4.8 percent last year due to a fall in exports of its main commodity, tea, official figures showed on Tuesday. The figure marked only a marginal decline on 2014, but will add to concerns after international l
Published 16 Mar, 2016 12:00am
Eurostar saw 'sharp drop' in bookings
Currency

Eurostar saw 'sharp drop' in bookings

Eurostar, the high-speed rail service between Britain and mainland Europe, said Tuesday that passenger numbers dropped sharply after the Paris attacks, but that a recovery was underway. "Whilst the business saw a sharp drop in passenger numbers in the aft
Published 16 Mar, 2016 12:00am
Toyota to agree base wage rise of 1500 yen, half of union demand

Toyota to agree base wage rise of 1500 yen, half of union demand

Toyota Motor Corp is set to agree a monthly base wage increase of 1,500 yen ($13.22), or half of the 3,000 yen amount that labour unions had demanded, Jiji News reported on Tuesday. It is also planning to meet in full unions' demand for a one-off bonus wo
Published 16 Mar, 2016 12:00am
Venezuela president extends economic emergency

Venezuela president extends economic emergency

Embattled Venezuelan President Nicolas Maduro has decreed a two-month extension on emergency powers meant to help shore up the country's crippled economy. The presidential decree, published in an official gazette released Monday, is meant to "protect Vene
Published 16 Mar, 2016 12:00am
India hits Cairn Energy with $4.4 billion tax bill
Exchange

India hits Cairn Energy with $4.4 billion tax bill

Indian authorities have sent Cairn Energy a tax bill for $4.4 billion, the company said Tuesday, the latest chapter in a long-running row that has stoked foreign firms' fears of retrospective tax demands. The British oil explorer has been locked in a disp
Published 16 Mar, 2016 12:00am
Saudi Arabia orders five percent cut in contract spending

Saudi Arabia orders five percent cut in contract spending

Saudi Arabia's government, its finances strained by low oil prices, is opening a fresh austerity drive by ordering ministries to cut their spending on contracts by at least 5 percent, a document seen by Reuters shows.
Published 16 Mar, 2016 12:00am
BoJ keeps policy steady, offers gloomier view on economy, inflation

BoJ keeps policy steady, offers gloomier view on economy, inflation

The Bank of Japan said on Tuesday it would maintain its massive asset buying programme at existing levels but offered a bleaker view of the economy, suggesting it may roll out more stimulus as it struggles to reach an elusive inflation target.
Published 16 Mar, 2016 12:00am
Egypt plans more action to ease dollar crunch
Exchange

Egypt plans more action to ease dollar crunch

Egypt's central bank said Tuesday that it would sell $1.5 billion to help importers in the latest step to tackle a dollar shortage, days after devaluing the Egyptian pound. The moves come as Egypt, facing a raging jihadist insurgency, reels from a slump i
Published 16 Mar, 2016 12:00am
Bank of China gains foothold in Morocco

Bank of China gains foothold in Morocco

Bank of China has established a presence in Morocco that will further reinforce the Asian nation's far-reaching influence in resource-rich Africa, officials said. The commercial bank, one of the largest in China, inaugurated a representative office in the
Published 16 Mar, 2016 12:00am
China weighs tax on currency trades
Exchange

China weighs tax on currency trades

China's central bank has drafted plans to impose a tax on currency trades, Bloomberg News reported Tuesday, in what would be its latest volley against those betting on a depreciation of the yuan. Chinese authorities have spent unprecedented sums to suppor
Published 16 Mar, 2016 12:00am
British business lobby says members back staying in EU

British business lobby says members back staying in EU

Britain's biggest business lobby said Tuesday that most of its members want the country to stay in the European Union, ahead of a key referendum to be held in three months. The Confederation of British Industry (CBI) said a survey of its members showed 80
Published 16 Mar, 2016 12:00am
Tokyo stocks snap three-day winning streak
Exchange

Tokyo stocks snap three-day winning streak

Tokyo stocks snapped a three-day winning streak Tuesday, after the Bank of Japan held back from offering more stimulus as policymakers gauge the impact of negative interest rates. Governor Haruhiko Kuroda and BoJ policymakers held fire after their surpris
Published 16 Mar, 2016 12:00am
Tuesday's early afternoon trade: energy, health stocks weigh

Tuesday's early afternoon trade: energy, health stocks weigh

A decline in energy and healthcare stocks weighed on Wall Street on a relatively quiet Tuesday as investors awaited the outcome of the US Federal Reserve's two-day policy meeting. Global markets fell and the yen rose earlier in the day after the Bank of J
Published 16 Mar, 2016 12:00am
Wall Street little changed as Fed meeting looms
Exchange

Wall Street little changed as Fed meeting looms

Wall Street closed little changed in light trading on Monday as consumer discretionary gains countered losses in energy shares and investors laid low ahead of a US Federal Reserve meeting. The Fed is not expected to raise interest rates at the two-day mee
Published 16 Mar, 2016 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks fell on Tuesday as market sentiment was dampened by declines in other regional bourses and profit-taking after recent rallies. The main TAIEX index fell 1.2 percent to 8,643.16 as of 0343 GMT. On Monday, Taiwan shares touched their highest i
Published 16 Mar, 2016 12:00am
Treasury debt prices soar

Treasury debt prices soar

US Treasury debt prices rose on Monday, rebounding from an aggressive selloff last week, as investors tried to get back to neutral positions ahead of this week's two-day Federal Open Market Committee meeting. Long-term yields, which move inversely to pric
Published 16 Mar, 2016 12:00am
Treasury debt prices soar

Treasury debt prices soar

US Treasury debt prices rose on Monday, rebounding from an aggressive selloff last week, as investors tried to get back to neutral positions ahead of this week's two-day Federal Open Market Committee meeting. Long-term yields, which move inversely to pric
Published 16 Mar, 2016 12:00am
Australian shares slip; New Zealand off record high

Australian shares slip; New Zealand off record high

Australian shares slipped 1.4 percent on Tuesday led by broad-based losses across sectors led by resources stocks while New Zealand's benchmark index hit a record high. The S&P/ASX 200 index fell 74.06 points to 5,111.40 points at the close of trade, movi
Published 16 Mar, 2016 12:00am
Hong Kong shares slip

Hong Kong shares slip

Hong Kong shares finished down on Tuesday as investors took profits following the previous day's rally. The Hang Seng index fell 0.7 percent, to 20,288.77, while the China Enterprises Index lost 0.9 percent, to 8,605.63 points. Total trading volume of com
Published 16 Mar, 2016 12:00am
Chinese stocks post small gains

Chinese stocks post small gains

China stocks recouped early losses to end modestly higher on Tuesday, led by gains in finance, consumer and real estate shares. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.3 percent to 3,074.78 points, while the Shangh
Published 16 Mar, 2016 12:00am
Indian shares lower

Indian shares lower

Indian shares fell on Tuesday, a day after hitting a six-week high, dragged down by pharma stocks with Lupin hurting the most, and as Asian equities languished after the Bank of Japan offered a bleaker view of the country's economy.
Published 16 Mar, 2016 12:00am
European shares led lower by commodity stocks

European shares led lower by commodity stocks

European shares retreated on Tuesday, led lower by commodity stocks, after the Bank of Japan left policy unchanged but presented a bleaker view of the country's economy.
Published 16 Mar, 2016 12:00am
Sri Lankan shares end weaker

Sri Lankan shares end weaker

Sri Lankan shares edged down on Tuesday, falling for a second session amid fears of further declines due to worries over a higher budget deficit and economic growth, brokers said. The benchmark share index closed 0.15 percent lower at 5,970.40.
Published 16 Mar, 2016 12:00am
Most SE Asian stocks down
Exchange

Most SE Asian stocks down

Most Southeast Asian stock markets fell on Tuesday tracking Asian equities after the Bank of Japan painted a gloomier view of the world's third-largest economy, but foreign-led buying kept regional losses small. Singapore's Straits Times Index eased 0.3 p
Published 16 Mar, 2016 12:00am
FTSE hit by weak mining stocks, gloomy BoJ view

FTSE hit by weak mining stocks, gloomy BoJ view

A drop in the shares of major mining companies and a gloomy economic outlook from the Bank of Japan pulled Britain's top equity index lower on Tuesday. The blue-chip FTSE 100 was down 0.6 percent at 6,139.97 points by its close, slightly outperforming the
Published 16 Mar, 2016 12:00am
Man appeals for release of son

Man appeals for release of son

A man from Tehsil Shabqadar has alleged that the police have arrested his teenaged son without any reason and appealed the Khyber Pakhtunkhwa (KP) high ups to get him released forthwith.
Published 16 Mar, 2016 12:00am
Ayyan Ali: government challenges SHC verdict

Ayyan Ali: government challenges SHC verdict

The federation through Collector of Customs Islamabad on Tuesday challenged the Sindh High Court's verdict on removal of supermodel Ayyan's name from the Exit Control List (ECL). On March 14, last year, Customs officials apprehended Ayyan from Benazir Bhu
Published 16 Mar, 2016 12:00am
PIA orders deep cleaning of aircraft cabins

PIA orders deep cleaning of aircraft cabins

PIA management has decided to take urgent steps to uplift the standards of cleanliness of cabins in the aircraft by undertaking their deep cleaning. The process will be initiated immediately under the direct supervision of Chief Operating Officer, Bernd H
Published 16 Mar, 2016 12:00am
26 ticket-less passengers arrested

26 ticket-less passengers arrested

Pakistan Railways' Divisional Commercial Officer (DCO) Nasir Nazeer on Tuesday claimed to have apprehended some 26 passengers travelling without ticket near Detha station.
Published 16 Mar, 2016 12:00am
Four alleged terrorists killed in encounter

Four alleged terrorists killed in encounter

Rangers on Tuesday claimed to have killed four alleged terrorists associated with a banned organisation here. According to a paramilitary spokesman, an operation was conducted by Rangers' personnel in Manghopir area the other night that led to killing of
Published 16 Mar, 2016 12:00am
KP CM seeks legal experts' input for quick disposal of suits

KP CM seeks legal experts' input for quick disposal of suits

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has asked law experts to give their inputs for chalking out an effective mechanism for quick disposal of suits in the courts to provide relief to the common men. This he said while addressing as chief guest
Published 16 Mar, 2016 12:00am
Electoral reforms: NA body reviews progress

Electoral reforms: NA body reviews progress

National Assembly Sub-Committee of the Parliamentary Committee on Electoral Reforms met at Parliament House on Tuesday. The meeting was chaired by Zahid Hamid and other members of the committee also attended the meeting.
Published 16 Mar, 2016 12:00am
Governor SBP inaugurates environment-friendly building

Governor SBP inaugurates environment-friendly building

Governor State Bank of Pakistan (SBP) Ashraf Mahmood Wathra inaugurated the BRR Tower at I I Chundrigar Road, Karachi. The building is self sufficient in electricity generation through windmills and solar panels.
Published 16 Mar, 2016 12:00am
Member FBR visits RTO Peshawar, meets TBA, businessmen

Member FBR visits RTO Peshawar, meets TBA, businessmen

Member, Inland Revenue (Operations) Federal Board of Revenue (FBR), Islamabad, Dr Mohammad Irshad visited Regional Tax Office (RTO), Peshawar and held marathon meetings with members of Peshawar Tax Bar Association, representatives of Khyber Pakhtunkhwa Ch
Published 16 Mar, 2016 12:00am
Implementation of CPEC projects: speakers for broader consensus

Implementation of CPEC projects: speakers for broader consensus

Speakers at a conference on Tuesday emphasised the need for broader consensus on implementation of China-Pakistan Economic Corridor (CPEC) projects and ensuring that all parts of the country take benefits of these projects.
Published 16 Mar, 2016 12:00am
Li Jun outlines bright future of CPEC projects

Li Jun outlines bright future of CPEC projects

Assistant Minister of International Department of the Central Committee of Communist Party of China (IDCPC) Li Jun Tuesday outlined the bright future of Pakistan-China economic cooperation.
Published 16 Mar, 2016 12:00am
Ghulam Dastgir wins Bank Alfalah Rising Talent Award

Ghulam Dastgir wins Bank Alfalah Rising Talent Award

Four young designers showcased their collections at the Bank Alfalah Rising Talent show on the first day of the PFDC Fashion Week, with Ghulam Dastgir emerging as the winner of the competition.
Published 16 Mar, 2016 12:00am
NHA chief apprises secretary of progress on projects under CPEC

NHA chief apprises secretary of progress on projects under CPEC

The newly incumbent Secretary Communication Khalid Masood Chaudhry on Tuesday visited National Highway Authority (NHA) head office where he was briefed about the organisation's financial and administrative matters and the various development projects. The
Published 16 Mar, 2016 12:00am
Chinese team calls on Bilawal

Chinese team calls on Bilawal

A delegation of the Communist Party of China called on Chairman PPP Bilawal Bhutto Zardari at Zardari House here on Tuesday. The delegation led by LI Jun, Assistant Minister of International Department of the Central Committee of Communist Party of China
Published 16 Mar, 2016 12:00am
Bilawal urges PPP senators to raise KP issues at all forums

Bilawal urges PPP senators to raise KP issues at all forums

Paksitan People's Party (PPP) Chairman Bilawal Bhutto Zardari has asked the Khyber Pakhtunkhwa senators to raise the issues of concerns of the province including CPEC alignment, industrial zones, the net hydel profit and the Gas Infrastructure Development
Published 16 Mar, 2016 12:00am
Illegal Pak-Afghan trade crosses $8 billion mark: PTI MNA

Illegal Pak-Afghan trade crosses $8 billion mark: PTI MNA

The volume of illegal trade between Pakistan and Afghanistan stands over $8 billion a year while the legal trade is hardly $2 billion per annum due to insufficient security measures at the porous border. PTI member Murad Saeed said this on Tuesday while m
Published 16 Mar, 2016 12:00am
Hate speeches: Qamar Mansoor granted pre-arrest bail

Hate speeches: Qamar Mansoor granted pre-arrest bail

The Sindh High Court (SHC) on Tuesday granted an interim pre-arrest bail to Muttahida Qaumi Movement (MQM) leader Qamar Mansoor in 23 cases pertaining to listening and arranging the MQM chief's anti-state hate speeches.
Published 16 Mar, 2016 12:00am
NCDR signs Cooperation Agreement with Istanbul Chamber of Commerce

NCDR signs Cooperation Agreement with Istanbul Chamber of Commerce

National Centre for Dispute Resolution (NCDR) has signed a cooperation agreement with the Istanbul Chamber of Commerce. As per the cooperation agreement the institutions shall establish cooperation for the purpose of offering Pakistani businesses operatin
Published 16 Mar, 2016 12:00am
APNS criticises federal government's indifferent attitude

APNS criticises federal government's indifferent attitude

The All Pakistan Newspapers Society (APNS) flayed the consistent indifference of the Federal Government and especially the Ministry of Information towards the long pending issues of newspaper industry, stated the APNS press statement.
Published 16 Mar, 2016 12:00am
Dollar rises in Asia as BoJ stands pat
Currency

Dollar rises in Asia as BoJ stands pat

The dollar edged lower in Asian trade on Tuesday, with the yen getting a lift after the Bank of Japan held policy steady as expected at the conclusion of its two-day policy meeting.
Published 16 Mar, 2016 12:00am
Yen gains in Europe as BoJ keeps policy steady

Yen gains in Europe as BoJ keeps policy steady

The yen rose more than half a percent against the dollar on Tuesday, helped by an oil price weakening which sent investors in search of traditional safe havens and by a neutral message from the Bank of Japan on rates.
Published 16 Mar, 2016 12:00am
Early trade in New York: dollar falls against yen
Currency

Early trade in New York: dollar falls against yen

The dollar fell by more than 1 percent against the yen on Tuesday as weak US retail sales data compounded investors' search for safety as oil tumbled and equity markets globally turned lower. The yen was also boosted by the Bank of Japan's decision to lea
Published 16 Mar, 2016 12:00am
Sri Lankan rupee forwards ease
Currency

Sri Lankan rupee forwards ease

Sri Lankan rupee forwards eased slightly in dull trade on Tuesday as importer dollar demand surpassed greenback sales by banks amid growing uncertainty after the announcement of new tax hikes weighed on the currency, dealers said. One-week rupee forwards,
Published 16 Mar, 2016 12:00am
Yuan slips on weaker midpoint
Exchange

Yuan slips on weaker midpoint

The yuan edged lower against the dollar on Tuesday after the central bank fixed a softer midpoint rate, while the latest data showed that China's capital outflows slowed in February.
Published 16 Mar, 2016 12:00am
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