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Print - 2016-03-25
Turkey central bank trims rate in surprise move

Turkey central bank trims rate in surprise move

Turkey's central bank on Thursday pruned one of its main interest rates in a surprise move at a time of persistently high inflation. The central bank said its one-week repurchasing rate - seen as the headline rate - remained unchanged at 7.5 percent. But
Published 25 Mar, 2016 12:00am
US manufacturing still weak; labour market flexes muscle

US manufacturing still weak; labour market flexes muscle

New orders for long-lasting US manufactured goods fell in February as the sector continued to struggle with the lingering effects of a robust dollar and lower oil prices. While other data on Thursday showed an increase in the number of Americans filing fo
Published 25 Mar, 2016 12:00am
Starboard launches proxy fight to remove entire Yahoo board

Starboard launches proxy fight to remove entire Yahoo board

Activist hedge fund Starboard Value LP launched a proxy fight on Thursday to remove the entire board of Yahoo Inc, including Chief Executive Marissa Mayer, who has struggled to turn around the company in her nearly four years at the helm. Starboard, which
Published 25 Mar, 2016 12:00am
Starboard launches proxy fight to remove entire Yahoo board

Starboard launches proxy fight to remove entire Yahoo board

Activist hedge fund Starboard Value LP launched a proxy fight on Thursday to remove the entire board of Yahoo Inc, including Chief Executive Marissa Mayer, who has struggled to turn around the company in her nearly four years at the helm. Starboard, which
Published 25 Mar, 2016 12:00am
Labour reform sparks violent student protests in France

Labour reform sparks violent student protests in France

Students protesting labour reforms took to the streets across France on Thursday, torching cars in Paris and clashing with riot police who responded with tear gas and made about two dozen arrests. Fifteen protesters were arrested in Paris, where two polic
Published 25 Mar, 2016 12:00am
Oil giant PetroChina pumps lowest profit since 1999
Exchange

Oil giant PetroChina pumps lowest profit since 1999

Chinese oil giant PetroChina has posted its lowest profit since 1999 with the company citing a struggling global economy and slump in international oil prices last year. State-owned PetroChina's net profit tumbled 66.7 percent year-on-year to 35.65 billio
Published 25 Mar, 2016 12:00am
Oil giant PetroChina pumps lowest profit since 1999
Exchange

Oil giant PetroChina pumps lowest profit since 1999

Chinese oil giant PetroChina has posted its lowest profit since 1999 with the company citing a struggling global economy and slump in international oil prices last year. State-owned PetroChina's net profit tumbled 66.7 percent year-on-year to 35.65 billio
Published 25 Mar, 2016 12:00am
Global concerns weigh on eurozone recovery: ECB
Exchange

Global concerns weigh on eurozone recovery: ECB

Economic recovery in the eurozone is set to continue in the coming months, but not as fast as hoped owing to global uncertainties and slowing growth in emerging economies, the European Central Bank said Thursday. "The economic recovery in the euro area is
Published 25 Mar, 2016 12:00am
Egypt index up after cabinet reshuffle,Gulf markets slip

Egypt index up after cabinet reshuffle,Gulf markets slip

Egypt's stock market rose again on Thursday on hopes a new cabinet could give the economy a boost, while a pull-back by Brent oil below $40 a barrel and a cut in telecoms roaming fees pushed down Gulf bourses. The Egyptian index gained 0.7 percent in acti
Published 25 Mar, 2016 12:00am
TSX falls to one-week low
Exchange

TSX falls to one-week low

Canada's main stock index fell on Wednesday to a one-week low as lower commodity prices pressured energy and mining stocks, while insider trading charges sank the shares of Amaya Inc. The energy group fell 3.1 percent, while the materials group, which inc
Published 25 Mar, 2016 12:00am
Tokyo shares end lower on weak oil prices

Tokyo shares end lower on weak oil prices

Tokyo shares fell for a second session on Thursday as commodity and energy-linked stocks took a hammering from weak oil prices. Traders were cautious after US shares closed lower on Wednesday, after news of a jump in domestic commercial stockpiles sent oi
Published 25 Mar, 2016 12:00am
Wall Street rally fizzles out as oil, materials fall
Exchange

Wall Street rally fizzles out as oil, materials fall

Wall Street closed lower on Wednesday as oil and materials share prices dropped while investors remained cautious a day after deadly bombing attacks in Belgium. The benchmark S&P 500 index fell back into negative territory for the year after closing posit
Published 25 Mar, 2016 12:00am
Treasury yields fall as investors focus on Fed

Treasury yields fall as investors focus on Fed

US Treasury yields fell on Wednesday as investors continued to evaluate when the Federal Reserve is likely to next raise interest rates, and anticipated upcoming data releases including next week's employment report for March. Yields have increased since
Published 25 Mar, 2016 12:00am
Treasury yields fall as investors focus on Fed

Treasury yields fall as investors focus on Fed

US Treasury yields fell on Wednesday as investors continued to evaluate when the Federal Reserve is likely to next raise interest rates, and anticipated upcoming data releases including next week's employment report for March. Yields have increased since
Published 25 Mar, 2016 12:00am
Sri Lankan shares up

Sri Lankan shares up

Sri Lankan shares rose in thin trade to hit a more than three-week closing high on Thursday as foreign investors net bought stocks for the first time in nine sessions, but growth woes and rising bond yields capped gains ahead of a long weekend. Foreign in
Published 25 Mar, 2016 12:00am
Australian shares plunge

Australian shares plunge

Australia's share market fell to its lowest in three weeks on Thursday, while its New Zealand counterpart retreated from yet another record high as investors turned defensive ahead of the long Easter weekend. Australian and New Zealand financial markets w
Published 25 Mar, 2016 12:00am
China stocks tumble
Currency

China stocks tumble

China stocks fell more than 1 percent on Thursday, led by resources shares, after state media reported that 35 domestic brokerages have resumed short-selling business following a long hiatus. Major indexes had their biggest one-day fall in two weeks, with
Published 25 Mar, 2016 12:00am
European shares fall as commodity stocks and Next slide
Currency

European shares fall as commodity stocks and Next slide

European equities fell for a fourth straight session on Thursday, weighed down by a drop in the shares of major mining and energy companies, while fashion retailer Next also slumped. The pan-European FTSEurofirst 300 index was down 1.3 percent on the last
Published 25 Mar, 2016 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks fell on Thursday, heading for their third straight session of declines, ahead of a widely anticipated rate cut by the central bank at its policy meeting after market hours. The central bank is expected to cut its policy interest rate for the
Published 25 Mar, 2016 12:00am
Hong Kong shares fall

Hong Kong shares fall

Hong Kong shares fell on Thursday as sliding oil prices weighed on energy stocks and as investors booked profits ahead of the long Easter weekend. The Hang Seng index fell 1.3 percent to 20,345.61 points, while the China Enterprises Index lost 1.9 percent
Published 25 Mar, 2016 12:00am
Southeast Asian markets fall
Exchange

Southeast Asian markets fall

Southeast Asian stock markets fell on Thursday as a stronger dollar curbed risk appetite, with the Singapore index hitting a one-week low after the country adopted an expansionary stance in the national budget to counter lacklustre growth. Singapore's key
Published 25 Mar, 2016 12:00am
FTSE knocked by Next and commodity shares

FTSE knocked by Next and commodity shares

UK shares fell on Thursday as investors dumped holdings in British retailer Next and a decline in commodities prices put pressure on mining companies and oil majors. Although it met its latest profit guidance, Next plunged 15 percent after warning that 20
Published 25 Mar, 2016 12:00am
Dollar gains in Asia
Currency

Dollar gains in Asia

The dollar climbed to a one-week high against a basket of currencies on Thursday while awaiting data due later in the session that could back some Federal Reserve officials' relatively optimistic views on the US economy. The dollar index touched 96.235, i
Published 25 Mar, 2016 12:00am
Dollar on best run in almost a year in Europe
Currency

Dollar on best run in almost a year in Europe

The dollar climbed for a fifth consecutive day against a basket of major currencies on Thursday, putting it on track for its best run of gains in almost a year, as investors moved to price in the possibility of two US rate hikes this year. St Louis Fed Pr
Published 25 Mar, 2016 12:00am
Early trade in New York-climbs for fifth straight day

Early trade in New York-climbs for fifth straight day

The dollar climbed for a fifth straight day against a basket of major currencies, on track for its best streak in almost a year, as investors priced in the possibility of two US interest-rate hikes this year from the Federal Reserve. St Louis Fed Presiden
Published 25 Mar, 2016 12:00am
Dollar rises in New York against basket of currencies
Currency

Dollar rises in New York against basket of currencies

The dollar rose to a one-week high against a basket of currencies on Wednesday as Federal Reserve officials talked up the likelihood of more interest rates later this year, perhaps as early as April. The dollar index, which tracks the US currency against
Published 25 Mar, 2016 12:00am
Sri Lankan rupee forwards down
Currency

Sri Lankan rupee forwards down

Sri Lankan rupee forwards slid for a third successive session on Thursday due to importer dollar demand, while dealers expect the local currency to remain under pressure in the near term due to growing economic uncertainty and rising debt levels. Finance
Published 25 Mar, 2016 12:00am
Most emerging Asian currencies slip
Currency

Most emerging Asian currencies slip

Most emerging Asian currencies slid on Thursday as Federal Reserve officials fanned expectations of more US interest rate hikes later this year and China weakened the yuan. Malaysia's ringgit fell about 1 percent on slipping oil prices. The Thai baht hit
Published 25 Mar, 2016 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 78.40-78.40 (previous 78.40-78.40). 02.40-04.50 percent (* Previous 02.25-04.50 percent) (* revised).
Published 25 Mar, 2016 12:00am
Sterling steadies after week of Brexit nerves
Currency

Sterling steadies after week of Brexit nerves

Sterling steadied on Thursday after falling to its weakest on a trade-weighted basis in two years, helped by investors squaring positions before the long Easter weekend and a marginally more optimistic reading of British retail sales. Ructions within the
Published 25 Mar, 2016 12:00am
Aussie and kiwi down
Currency

Aussie and kiwi down

The Australian dollar remained under pressure on Thursday after suffering its biggest one-day fall in nearly a month as a broadly firmer greenback took a toll on commodity prices. Oil and copper fell overnight, while iron ore also slipped, prompting inves
Published 25 Mar, 2016 12:00am
Singapore's German coach bows out after poor stint

Singapore's German coach bows out after poor stint

Singapore's German coach Bernd Stange has confirmed he will be stepping down after a lacklustre stint that leaves the football-mad city-state at 148th in the world rankings. The 68-year-old said the World Cup qualifier against Afghanistan next week will b
Published 25 Mar, 2016 12:00am
Ex-England winger Johnson get 6 years

Ex-England winger Johnson get 6 years

Former England footballer Adam Johnson was sentenced to six years in prison at Bradford Crown Court on Thursday after being found guilty of sexual activity with a 15-year-old fan. Johnson, once a winger with Sunderland and Manchester City, was found guilt
Published 25 Mar, 2016 12:00am
Johan Cruyff dies at 68 after cancer battle

Johan Cruyff dies at 68 after cancer battle

Johan Cruyff, one of the greatest footballers in history, died on Thursday at the age of 68 from lung cancer, his family announced. The Dutchman "died peacefully in Barcelona, surrounded by his family after a hard-fought battle with cancer", said a statem
Published 25 Mar, 2016 12:00am
Djokovic makes peace with Serena, King over equal pay

Djokovic makes peace with Serena, King over equal pay

Novak Djokovic made peace with Billie Jean King, Chris Evert, Serena Williams and others Wednesday, supporting equal prize money for men and women tennis players after days of controversy. The world number one from Serbia suggested men attract more specta
Published 25 Mar, 2016 12:00am
Sammy to join Afridi at Hampshire

Sammy to join Afridi at Hampshire

West Indies all-rounder Darren Sammy is join Hampshire for English domestic cricket's Twenty20 Blast competition, the southern county announced Thursday. Sammy is currently leading the West Indies in the ongoing World Twenty20 tournament in India and will
Published 25 Mar, 2016 12:00am
Gayle back to open against Proteas as Windies eye semis

Gayle back to open against Proteas as Windies eye semis

Chris Gayle is set to return to the top of the batting order as the West Indies seek to clinch a World Twenty20 semi-finals spot Friday against a South African side who can ill afford to lose. The Windies big-hitting opener tweaked a hamstring while field
Published 25 Mar, 2016 12:00am
Watson to retire after World T20

Watson to retire after World T20

Australian all-rounder Shane Watson announced Thursday he would retire from international cricket after the ongoing World Twenty20 in India, bringing to an end a sterling career spanning 14 years. Watson, 34, shared his decision to call it quits with team
Published 25 Mar, 2016 12:00am
Quintana takes control in Catalonia

Quintana takes control in Catalonia

Colombian climber Nairo Quintana on Thursday took a potentially decisive overall lead in the snow-capped summit finish of the fourth stage of the Tour of Catalonia, won by Belgian Thomas De Gendt. The survivor of a long escape De Gendt won by 1min 08sec b
Published 25 Mar, 2016 12:00am
Afghans philosophical after going down fighting at WT20

Afghans philosophical after going down fighting at WT20

Afghans rallied behind their defeated national cricket team Thursday after Asghar Stanikzai's side went down fighting at the World Twenty20 in Delhi, crashing out of the tournament despite giving England a scare. The third straight loss came despite Afgha
Published 25 Mar, 2016 12:00am
Pakistan to give their all for Afridi in last WT20 match

Pakistan to give their all for Afridi in last WT20 match

Veteran batsman Shoaib Malik vowed Thursday that Pakistan would go all out for a surprise victory against Australia at cricket's World Twenty20 to give their "big brother" Shahid Afridi a winning send-off. The big-hitting Afridi, who no longer plays Test
Published 25 Mar, 2016 12:00am
'Missing' bookseller Lee Bo returned to Hong Kong

'Missing' bookseller Lee Bo returned to Hong Kong

Hong Kong bookseller Lee Bo who disappeared from the city and surfaced in mainland China has returned, police said Thursday, the latest twist in a case that has provoked anger over China's interference in the city. British citizen Lee is one of five Hong
Published 25 Mar, 2016 12:00am
Video shows wounded Palestinian shot in head, soldier detained

Video shows wounded Palestinian shot in head, soldier detained

An Israeli soldier was detained Thursday after allegedly shooting a wounded Palestinian assailant in the head and killing him as he lay on the ground, with a video of the incident spreading widely online. The video threatened to further inflame tensions a
Published 25 Mar, 2016 12:00am
Syrian forces fight their way into Palmyra, as Kerry and Putin hail thaw

Syrian forces fight their way into Palmyra, as Kerry and Putin hail thaw

Syrian troops backed by Russian air support fought their way into the Islamic State-held city of Palmyra on Thursday, their biggest offensive yet against the jihadist caliphate, as Moscow and Washington hailed cooperation to help end the civil war. US Sec
Published 25 Mar, 2016 12:00am
EU-Turkey deal could have 'problematic knock-on effect': UN

EU-Turkey deal could have 'problematic knock-on effect': UN

The UN human rights chief voiced alarm Thursday over an EU-Turkey deal to slow migrant arrivals to Europe, saying it had legal flaws and contradictions that could have global repercussions. Zeid Ra'ad Al Hussein said in a statement there was "a contradict
Published 25 Mar, 2016 12:00am
Europe must step up IS fight after Brussels: Pentagon

Europe must step up IS fight after Brussels: Pentagon

The Brussels attacks are a stark reminder that European countries need to step up their efforts against the Islamic State group, US Defence Secretary Ashton Carter said. The United States has been pressing its European and Arab allies to contribute more t
Published 25 Mar, 2016 12:00am
Obama honours victims of US-backed Argentina dictators

Obama honours victims of US-backed Argentina dictators

President Barack Obama paid homage Thursday to victims of Argentina's former US-backed dictatorship, admitting the United States was "slow to speak out for human rights" in those dark days. Obama became the first US president to formally acknowledge the v
Published 25 Mar, 2016 12:00am
FBI defends handling of Apple case after retreat

FBI defends handling of Apple case after retreat

The FBI Thursday defended the handling of its legal battle with Apple over encryption following an abrupt retreat from its bid to force the tech giant to help unlock an attacker's iPhone. FBI director James Comey said his agency only decided to back down
Published 25 Mar, 2016 12:00am
Congo's Sassou Nguesso wins

Congo's Sassou Nguesso wins

Congo Republic President Denis Sassou Nguesso has won a new five-year term with over 60 percent of the vote, the interior minister said on Thursday, but the opposition rejected the outcome, alleging fraud and calling for civil disobedience. Residents said
Published 25 Mar, 2016 12:00am
QMG calls on Dar

QMG calls on Dar

Quarter Master General, (QMG) Pakistan Army, Lieutenant General Javed Mahmood Bukhari on Thursday called on Finance Minister Senator Ishaq Dar. The QMG briefed the Finance Minister on the development, up-gradation and expansion of training facilities of P
Published 25 Mar, 2016 12:00am
Kamal reaches Hyderabad, opens PSP's office

Kamal reaches Hyderabad, opens PSP's office

Leader of Pak Sarzameen Party (PSP) Mustafa Kamal reached Hyderabad on Thursday and inaugurated PSP's office while his convoy was warmly welcomed by the supporters of his party. Mustafa Kamal and his convoy have been welcomed by the people on different sp
Published 25 Mar, 2016 12:00am
Supreme Court declares Masood Abbas's appointment as DG SCBA illegal

Supreme Court declares Masood Abbas's appointment as DG SCBA illegal

Declaring appointment of Director General of Sindh Building Control Authority Agha Maqsood Abbas against the law on Thursday, the Supreme Court asked Sindh government to fill the slot with an eligible bureaucrat. Resuming the hearing of the plea filed aga
Published 25 Mar, 2016 12:00am
Orange Line Project: LHC asks Punjab AG to complete arguments

Orange Line Project: LHC asks Punjab AG to complete arguments

The Punjab advocate general has been told to wrap up his arguments by March 29 on an application challenging stay orders on the Orange Line Project for the next date of hearing. On Thursday, the petitioners' counsel told the bench that the project work wa
Published 25 Mar, 2016 12:00am
Pakistan seeks to deepen ties with US: Prime Minister
Exchange

Pakistan seeks to deepen ties with US: Prime Minister

Prime Minister Nawaz Sharif on Thursday said Pakistan was desirous of bringing greater depth and economic substance to its relationship with the United States of America. Talking to David Hale, the US Ambassador, who called on him here at the PM House, he
Published 25 Mar, 2016 12:00am
Prime Minister chairs meeting on aviation affairs

Prime Minister chairs meeting on aviation affairs

Prime Minister Nawaz Sharif chaired a meeting on the aviation affairs, here on Thursday. The meeting was attended by Minister for Finance Muhammad Ishaq Dar, Secretary Aviation Irfan Elahi, and other senior officials of the government. The participants of
Published 25 Mar, 2016 12:00am
PLF for strengthening linkages between academia, entrepreneurs

PLF for strengthening linkages between academia, entrepreneurs

Speakers at Pakistan Leadership Forum (PLF) have urged upon the academia and entrepreneurs to strengthen the linkages between each other so that ever increasing unemployment in the country should be controlled. Addressing a seminar organised by PLF titled
Published 25 Mar, 2016 12:00am
Three electrocuted in Turbat

Three electrocuted in Turbat

At least three people including two real brothers died of electrocution here on Thursday. Levies sources said that while attempting to save a person caught by electricity two more people died of electrocution in suburbs of Balida area of district Turbat.
Published 25 Mar, 2016 12:00am
Safoora carnage: another accused among 20 held in Karachi

Safoora carnage: another accused among 20 held in Karachi

Law enforcement agencies on Thursday morning arrested another accused of Safoora carnage among 20 suspects during joint operation in different parts of the mega city. According to police sources, Police and intelligence agencies carried out action in Pipr
Published 25 Mar, 2016 12:00am
Hindu community celebrates Holi

Hindu community celebrates Holi

Hindu community on Thursday celebrated the festival of colour and spring, Holi, with zeal and enthusiasm. It was for the first time that Sindh government with a view to facilitating Hindu community had declared Thursday as public holiday across the provin
Published 25 Mar, 2016 12:00am
Unproductive sector: FBR evolving laws to avert investments
Cotton

Unproductive sector: FBR evolving laws to avert investments

The Federal Board of Revenue (FBR) is in process of evolving strict laws to avert investments in real estate sector, a top FBR official said here on Thursday. Speaking at a meeting with the representatives of Pakistan Hosiery Manufacturers and Exporters A
Published 25 Mar, 2016 12:00am
Minister appears before Pemra's council of complaints

Minister appears before Pemra's council of complaints

Information Minister Pervaiz Rashid on Thursday appeared before the Council of Complaints of Pakistan Electronic Media Regulatory Authority (PEMRA) in a complaint lodged against him by Dr Shahid Masood over his remarks made at a public event. However, the
Published 25 Mar, 2016 12:00am
Speakers for enhancing trade between Pakistan, Iran
Cotton

Speakers for enhancing trade between Pakistan, Iran

Speakers at a business forum on Thursday called for enhancing bilateral trade between Pakistan and Iran exponentially. Addressing the forum titled as "Pak-Iran Business Opportunities" Secretary Trade Development Authority of Pakistan (TDAP) Rabiya Javeri
Published 25 Mar, 2016 12:00am
SU vice chancellor achieves Pride of Performance award

SU vice chancellor achieves Pride of Performance award

President of Pakistan Mamnoon Hussain conferred Pride of Performance award to Professor Dr Abida Taherani, Vice Chancellor, University of Sindh in recognition to her meritorious achievements in the field of education, during an impressive ceremony held at
Published 25 Mar, 2016 12:00am
CPNE felicitates Jamil Athar on conferment of Tamgha-e-Imtiaz

CPNE felicitates Jamil Athar on conferment of Tamgha-e-Imtiaz

Council of Pakistan Newspapers' Editors (CPNE) on Thursday congratulated former CPNE president and chief editor daily Tijarat Jamil Athar Qazi on conferment of Tamgha-e-Imtiaz on him by President on the occasion of Pakistan Day in recognition of his outst
Published 25 Mar, 2016 12:00am
POF arranges Wah open marathon race

POF arranges Wah open marathon race

POF Sports Control Board arranged Chairman POF Board Wah Open Marathon Race on the eve of Pakistan Day at POF Sports Complex in which 2000 players all over the country participated. Cash prizes valuing Rs 15 lac 40 thousand distributed among the position
Published 25 Mar, 2016 12:00am
First Habib Modaraba wins best performing award
Exchange

First Habib Modaraba wins best performing award

First Habib Modaraba has received Best Performance Award from NBFI and Modaraba Association of Pakistan on the annual report of June, 2015. The award was presented to Muhammad Shoaib Ibrahim, Chief Executive Officer of First Habib Modaraba by Zafar Abdull
Published 25 Mar, 2016 12:00am
First Habib Modaraba wins best performing award
Exchange

First Habib Modaraba wins best performing award

First Habib Modaraba has received Best Performance Award from NBFI and Modaraba Association of Pakistan on the annual report of June, 2015. The award was presented to Muhammad Shoaib Ibrahim, Chief Executive Officer of First Habib Modaraba by Zafar Abdull
Published 25 Mar, 2016 12:00am
Global crude price hike: prices of major petroleum products may rise

Global crude price hike: prices of major petroleum products may rise

Prices of major petroleum products would rise if the government decides to pass on the entire recent rise in the international price of crude on to consumers - from an average of 28 dollars per barrel last month to 33 dollars per barrel in March. Internat
Published 25 Mar, 2016 12:00am
Section 144 imposed on Peshawar

Section 144 imposed on Peshawar

The Deputy Commissioner Peshawar under section 144 CrPC has imposed ban on use of display/carriage of weapon, plying of vehicles with tinted glasses, playing of unregistered/applied for vehicles and playing vehicle with fake numbers. Anyone found violatin
Published 25 Mar, 2016 12:00am
Bank Alfalah partners with Ethica for Islamic finance training

Bank Alfalah partners with Ethica for Islamic finance training

Bank Alfalah, one of Pakistan's leading banks, has announced partnering with Ethica, a leader in Islamic finance training and certification based in Dubai, to deliver its online Certified Islamic Finance Executive (CIFE) to its employees. "At Bank Alfalah
Published 25 Mar, 2016 12:00am
Foreigner deported

Foreigner deported

Pakistan on Thursday deported a foreigner from Benazir Bhutto International Airport, after the immigration wing of Federal Investigation Agency (FIA) found that he has no visa. An official said Joseph Henry Hirsch, having a US passport number 449687170 ar
Published 25 Mar, 2016 12:00am
Indigenous oil production reaches 0.1 million barrels per day
Exchange

Indigenous oil production reaches 0.1 million barrels per day

The indigenous production of oil has reached 100,000 barrels per day which is highest in the history of the country and is helping cut precious foreign exchange to be spent on the import of petroleum products. Parliamentary Secretary for Petroleum and Nat
Published 25 Mar, 2016 12:00am
PFA confiscates substandard milk

PFA confiscates substandard milk

Teams from the Punjab Food Authority have confiscated substandard milk during a routine checking at different entry points of the provincial metropolis. On Thursday, the teams confiscated up to 3, 511 liters milk and managed to check 97 vehicles and sent
Published 25 Mar, 2016 12:00am
Two women among four killed in clash
Exchange

Two women among four killed in clash

Four people including two women were killed and two others seriously injured in an armed clash between two groups in the limits of Golra police station on Thursday. According to the police, the two groups after exchange of harsh wards, exchanged firing ov
Published 25 Mar, 2016 12:00am
Mayoral elections: stay order to remain intact

Mayoral elections: stay order to remain intact

Stay order in mayoral elections across Sindh would remain intact till March 30 as Supreme Court on Thursday issued notices to Advocates General of Islamabad, Punjab, Khyber Pakhtunkhawa and Balochistan provinces seeking their input over the issue. In resp
Published 25 Mar, 2016 12:00am
Seminar on Tuberculosis awareness held

Seminar on Tuberculosis awareness held

Pakistan Chest Society, Khyber Pakhtunkhwa, has arranged a seminar in connection with the World TB Day at Lady Reading Hospital (LRH) Auditorium. Chest and TB specialists/medical specialists and trainee medical officers participated in the seminar. Presen
Published 25 Mar, 2016 12:00am
Undue harassment by NAB: Amendments to tax laws to protect taxmen

Undue harassment by NAB: Amendments to tax laws to protect taxmen

Finance Act 2016 would formulate specific amendments to tax laws to protect the tax officers of the Federal Board of Revenue (FBR) and its field formations from undue harassment of National Accountability Bureau (NAB) and other investigation agencies. It
Published 25 Mar, 2016 12:00am
LTBA elections to be held today

LTBA elections to be held today

The 2016-17 elections of the Lahore Tax Bar Association are taking place today (Friday) which could witness a tough contest between the Zia Rizvi Group and the Democratic Group. As many as 3,000 tax law practitioners are expected to use their right to vot
Published 25 Mar, 2016 12:00am
Fata will be connected with CPEC: KP governor

Fata will be connected with CPEC: KP governor

Governor Khyber Pakhtunkhwa Iqbal Zafar Jhagra on Thursday reiterated the multi-billion dollars China Pakistan Economic Corridor (CPEC) is a game changer for the region and will also benefit Federally Administered Tribal Areas besides the rest parts of th
Published 25 Mar, 2016 12:00am
PIMA to hold global convention at PMC in April

PIMA to hold global convention at PMC in April

The 24th two-day international convention under auspices of Pakistan Islamic Medical Association (PIMA) will be held at Peshawar Medical College from April 02. This was stated by PIMA convention chairman Dr Abdul Aziz along with Secretary Dr Abdul Samad,
Published 25 Mar, 2016 12:00am
Chairman PEC visits UET

Chairman PEC visits UET

Chairman of Pakistan Engineering Council (PEC), Engr Jawed Salim Qureshi on Thursday visited University of Engineering and Technology Peshawar. Professor Dr Iftikhar Hussain, Vice Chancellor UET apprised about the council steps towards promotion of qualit
Published 25 Mar, 2016 12:00am
NA condemns terrorist attacks in Brussels

NA condemns terrorist attacks in Brussels

The National Assembly on Thursday passed a unanimous resolution strongly condemning the terrorist attack in Brussels on March 22, 2016 in which 34 people had lost their lives and more than 200 others were injured. The resolution was moved by Shazia Marri
Published 25 Mar, 2016 12:00am
Jhagra visits Bara Bazaar

Jhagra visits Bara Bazaar

Without caring for protocol and security, Governor Khyber Pakhtunkhwa, Iqbal Zafar Jhagra paid a surprise visit to Bara Bazaar during his visit to Khyber Agency and met with the common tribesmen and shopkeepers at bazaar and remained there more than two h
Published 25 Mar, 2016 12:00am
WAPDA chairman visits Tarbela 4th Extension Project

WAPDA chairman visits Tarbela 4th Extension Project

In line with the Prime Minister's directions, Pakistan Water and Power Development Authority (WAPDA) Chairman Zafar Mahmood on Thursday visited 1410MW Tarbela 4th Extension Hydropower Project to review construction work at various sites. WAPDA chairman's
Published 25 Mar, 2016 12:00am
Committee elects Zahid Hamid

Committee elects Zahid Hamid

A meeting of the Committee on the Joint Sitting on Bills held in the Parliament House, Islamabad, for the election of Chairman. The Committee elected Zahid Hamid, MNA as its Chairman. Zahid Hamid, MNA thanked the fellow Parliamentarians for entrusting con
Published 25 Mar, 2016 12:00am
Consignment of Indian drugs, 670 cell phones seized

Consignment of Indian drugs, 670 cell phones seized

A successful anti-smuggling operation of Model Customs Collectorate Islamabad Thursday resulted in a major seizure of consignment of Indian origin, smuggled, sexual potency enhancement drugs and 670 sets of mobile phones to the tune of millions of rupees.
Published 25 Mar, 2016 12:00am
February headline inflation recorded at four percent

February headline inflation recorded at four percent

The National Price Monitoring Committee (NPMC) meeting was held here on Thursday. Finance Minister, Senator Mohammad Ishaq Dar chaired the meeting. The meeting was informed that headline inflation CPI in February recorded at 4.0 percent as compared to 3.2
Published 25 Mar, 2016 12:00am
Attempt to smuggle hashish foiled

Attempt to smuggle hashish foiled

Khasadar Force on Thursday foiled an attempt to smuggle huge quantity of hashish and arrested two alleged drug peddlers. According to Political Naib Tehsilder, Torkham, Shakeel Khan, the Khasadar troops, on a tip-off, stopped a trailer, which was transpor
Published 25 Mar, 2016 12:00am
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