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May 12, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-04-09
China's ZTE revises down 2015 profit after US export curbs
Exchange

China's ZTE revises down 2015 profit after US export curbs

Chinese telecom equipment maker ZTE Corp revised down its 2015 net profit due to export curbs imposed by the US Commerce Department for alleged violations of sanctions against Iran. Shenzhen-based ZTE said its 2015 net profit rose 22 percent to 3.2 billio
Published 09 Apr, 2016 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 140,643 tonnes of cargo comprising 113,735 tonnes of import cargo and 26,908 tonnes of export cargo including 8,300 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 113
Published 09 Apr, 2016 12:00am
Cotton market: arrivals of new crop begin on modest activity
Cotton

Cotton market: arrivals of new crop begin on modest activity

Arrivals of new crop for season 2016-17 started amid modest trading activity on the cotton market on Friday, dealers said. The official spot rate was unmoved at Rs 5,250 dealers said. In the Punjab prices were at Rs 2400 and Rs 3100, they said. In the rea
Published 09 Apr, 2016 12:00am
No change on grain market

No change on grain market

According to the Daily Market Report, not a single change was seen on the local commodity market and oil seeds market on Friday.
Published 09 Apr, 2016 12:00am
CBOT wheat futures fall

CBOT wheat futures fall

Chicago Board of Trade wheat futures fell Wednesday after a US Department of Agriculture crop progress report indicated the US winter wheat crop was in better condition than analysts expected. The USDA late on Tuesday rated 59 percent of US winter wheat a
Published 09 Apr, 2016 12:00am
Malaysia's February exports rebound aided by palm oil, US demand

Malaysia's February exports rebound aided by palm oil, US demand

Malaysia's exports in February rose faster than forecast due to stronger palm oil demand and a jump in tech shipments to the United States. Exports in February grew 6.7 percent from a year earlier, government data showed on Wednesday, more than double eco
Published 09 Apr, 2016 12:00am
Insurance regulator Sam Woods named BoE deputy governor

Insurance regulator Sam Woods named BoE deputy governor

The Bank of England's insurance regulator has been appointed the new deputy governor of the central bank responsible for day-to-day bank supervision, Britain's finance ministry said on Friday. Sam Woods will become head of the central bank's Prudential Re
Published 09 Apr, 2016 12:00am
Mercator buys US-based revenue management provider

Mercator buys US-based revenue management provider

Mercator, a technology services company backed by private equity firm Warburg Pincus, has bought a Seattle-based revenue management systems firm, its second acquisition in less than a year, it said. The company, which focuses on the travel, transportation
Published 09 Apr, 2016 12:00am
Mercator buys US-based revenue management provider

Mercator buys US-based revenue management provider

Mercator, a technology services company backed by private equity firm Warburg Pincus, has bought a Seattle-based revenue management systems firm, its second acquisition in less than a year, it said. The company, which focuses on the travel, transportation
Published 09 Apr, 2016 12:00am
Fed's Dudley sees risks lingering, cautious on US rate hikes

Fed's Dudley sees risks lingering, cautious on US rate hikes

The Federal Reserve must approach further rate hikes cautiously and gradually because of lingering external risks to the US economy, despite some strength at home and welcome hints of inflation, an influential Fed official said on Friday. In a speech that
Published 09 Apr, 2016 12:00am
China's ZTE revises down 2015 profit after US export curbs
Exchange

China's ZTE revises down 2015 profit after US export curbs

Chinese telecom equipment maker ZTE Corp revised down its 2015 net profit due to export curbs imposed by the US Commerce Department for alleged violations of sanctions against Iran. Shenzhen-based ZTE said its 2015 net profit rose 22 percent to 3.2 billio
Published 09 Apr, 2016 12:00am
Brazil banks to step up loan refinancing deals this year
Currency

Brazil banks to step up loan refinancing deals this year

Banks in Brazil will step up corporate loan refinancing deals this year, the central bank said on Thursday, suggesting the impact of the harshest recession in over a century and escalating political turmoil are hurting the ability of factories, shops and
Published 09 Apr, 2016 12:00am
Luxury cruise giant MSC in new 4 billion euro deal with STX France

Luxury cruise giant MSC in new 4 billion euro deal with STX France

Luxury cruise giant MSC has ordered four new ships from the French arm of South Korean shipbuilder STX for some 4.0 billion euros ($4.5 billion), a French government spokesman said Wednesday. French President Francois Hollande and officials of the Italian
Published 09 Apr, 2016 12:00am
Canada unemployment rate dips to 7.1 percent in March

Canada unemployment rate dips to 7.1 percent in March

The Canadian economy gained 41,000 jobs in March, driven by demand for health care and social assistance workers, according to government data Friday which showed a drop in the unemployment rate to 7.1 percent. It was an improvement from the 7.3 percent u
Published 09 Apr, 2016 12:00am
Monsanto cools on large-scale M&A outlook, profit falls
Currency

Monsanto cools on large-scale M&A outlook, profit falls

Monsanto Co effectively pulled itself out of the mergers-and-acquisitions flurry in the seeds and agrochemicals industry, nearly a year after making a bid for rival Syngenta AG. The St. Louis-based company, which also reported a drop in second-quarter ear
Published 09 Apr, 2016 12:00am
Telefonica number two becomes head of Spain telecoms giant

Telefonica number two becomes head of Spain telecoms giant

Telefonica's number two Jose Maria Alvarez-Pallete was named head of Spain's telecoms giant Friday after its 16 years-long chief executive stepped down, tasked with navigating the company through the digital revolution. The 52-year-old replaces Cesar Alie
Published 09 Apr, 2016 12:00am
Australia Prime Minister to lead 1,000-strong business team to China

Australia Prime Minister to lead 1,000-strong business team to China

Australian Prime Minister Malcolm Turnbull, who last month criticised Chinese military deployments in the South China Sea, leads 1,000 business leaders to China next week, hoping to build on a free trade agreement (FTA) between the two countries. Turnbull
Published 09 Apr, 2016 12:00am
Pathankot plot thickens

Pathankot plot thickens

Tanzil Ahmad, a middle-ranking officer of India's National Investigation Agency (NIA) involved in investigation of the attack on Pathankot airbase in January, has been murdered. According to official sources in New Delhi, he - along with his wife and two
Published 09 Apr, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (April 08, 2016)

Published 09 Apr, 2016 12:00am
Tax havens or safe havens?

Tax havens or safe havens?

The Panama papers are an unprecedented leak of 11.5 million files from the database of the world's fourth biggest offshore law firm, Mossak Fonseca. The records were obtained from an anonymous source by the German newspaper Suddeutsche Zeitung, which shar
Published 09 Apr, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (April 08, 2016).

Published 09 Apr, 2016 12:00am
Obama plunged ever deeper into 2016 election

Obama plunged ever deeper into 2016 election

President Barack Obama is fond of saying he has run his last election, but Hillary Clinton's shortcomings and Donald Trump's shock ascent are drawing him ever faster into the 2016 race. Still, inside the White House, the panic is starting to ease. In the
Published 09 Apr, 2016 12:00am
Hiroshima in focus as top US diplomat, G7 foreign ministers meet

Hiroshima in focus as top US diplomat, G7 foreign ministers meet

When John Kerry joins his fellow G7 foreign ministers for talks this weekend in Hiroshima, the city's symbolism as the first ever target of an atomic attack will take centre stage. Kerry will become the first ever US secretary of state to visit Hiroshima,
Published 09 Apr, 2016 12:00am
Kerry's appeal

Kerry's appeal

This is apropos a Business Recorder news item "Kerry urges Iran to help end wars in Yemen, Syria" carried by the newspaper yesterday. According to it, the US Secretary of State John Kerry urged Iran to help end the wars raging in Yemen and Syria, c
Published 09 Apr, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (April 08, 2016).

Published 09 Apr, 2016 12:00am
Oil prices jump six percent on US stockpile draws, Keystone

Oil prices jump six percent on US stockpile draws, Keystone

Oil prices rose more than 6 percent on Friday to end with the biggest weekly gain in a month as drawdowns in US crude stockpiles fed hopes that a punishing global oversupply may be approaching a tipping point after nearly two years. The shutdown of the Ke
Published 09 Apr, 2016 12:00am
The Weather

The Weather

The weather report on Friday (April 08, 2016) and the forecast for Saturday (April 09, 2016).

Published 09 Apr, 2016 12:00am
US MIDDAY: gold eases
Exchange

US MIDDAY: gold eases

Gold weakened on Friday as strength in equities prompted investors to cash in some of the previous day's gains, remaining on track for its biggest weekly rise in five weeks as the Federal Reserve remained cautious on US interest rate increases. Global sto
Published 09 Apr, 2016 12:00am
US MIDDAY: corn higher

US MIDDAY: corn higher

Chicago Board of Trade corn futures were narrowly higher on Friday, extending the week's gains to more than 2 percent in a technical rebound after prices tumbled to lifetime lows a week ago, traders said. Corn gained six straight sessions, but remained be
Published 09 Apr, 2016 12:00am
Global LNG prices retreat on soft demand

Global LNG prices retreat on soft demand

Asian spot prices for liquefied natural gas (LNG) extended their fall this week on slack demand, although production issues in Australia helped stem losses. LNG for May delivery in Asia traded at around $4.20 per million British thermal units (mmBtu), com
Published 09 Apr, 2016 12:00am
Gold slips as equities recover, still set for weekly gain
Exchange

Gold slips as equities recover, still set for weekly gain

Gold eased on Friday as strength in equities prompted investors to cash in some of the previous day's gains but remained on track for its biggest weekly rise in five as the Federal Reserve remained cautious on US interest rate increases. Stocks rebounded
Published 09 Apr, 2016 12:00am
Gold dips in Asian trade

Gold dips in Asian trade

Gold eased from a two-week high on Friday, giving back some of its sharp overnight gains, but was set to post its strongest week in five on the Federal Reserve's caution over raising US interest rates and risk-off sentiment in the market. Most Asian share
Published 09 Apr, 2016 12:00am
Sugar hits five-week low, arabica steady with focus on harvests
Currency

Sugar hits five-week low, arabica steady with focus on harvests

Raw sugar prices on ICE eased to a five-week low and arabica coffee steadied near a one-month low on Friday, pressured by new crops in top grower Brazil and recent weakness in the Brazilian currency. London cocoa futures edged higher, underpinned by expec
Published 09 Apr, 2016 12:00am
Wheat dips for fourth session on weak sales

Wheat dips for fourth session on weak sales

Chicago wheat dropped on Thursday for the fourth straight session on lackluster weekly export sales and the improving condition of the US winter crop. Soybeans slid in a correction from Monday's highest price since August 17 and corn rose on speculation U
Published 09 Apr, 2016 12:00am
Tokyo rubber drops
Exchange

Tokyo rubber drops

Benchmark Tokyo rubber futures dropped to a 1-week low on Friday, pressured by the strong yen which hovered at 17-month highs against the US dollar, but managed to end the week with small gains after hitting a 7-1/2 month high in mid-week. Tokyo Commodity
Published 09 Apr, 2016 12:00am
Copper prices stage biggest weekly loss in three months
Exchange

Copper prices stage biggest weekly loss in three months

Copper prices stabilised in London on Friday, helped by a lower dollar, but still staged their biggest weekly loss since January on concerns about when demand will grow again and ample supply in China. Three-month copper on the London Metal Exchange close
Published 09 Apr, 2016 12:00am
Shanghai copper fall

Shanghai copper fall

Shanghai copper may fall more to 35,020 yuan per tonne, as it has broken a support at 35,900 yuan. The support was provided by the 123.6 percent Fibonacci projection level of a downward wave c, the third wave of a three-wave cycle from the March 7 high of
Published 09 Apr, 2016 12:00am
Khursheed criticizes PTV for 'selective', 'biased' coverage

Khursheed criticizes PTV for 'selective', 'biased' coverage

Opposition Leader Syed Khursheed Ahmed Shah has written a letter to Speaker National Assembly Sardar Ayaz Saddiq about "selective" and "biased" coverage of National Assembly debates by Pakistan Television (PTV). Pakistan People's Party (PPP) has also subm
Published 09 Apr, 2016 12:00am
KP government to enrol 0.8 million children in schools

KP government to enrol 0.8 million children in schools

KP Minister for Elementary & Secondary Education Muhammad Atif Khan said that huge dropout rate of children from schools was a great challenge for the government as well as nation adding that the PTI led provincial government was following a meaningful ed
Published 09 Apr, 2016 12:00am
NA-245 by-poll PTI to approach ECP against Amjad: Rashid

NA-245 by-poll PTI to approach ECP against Amjad: Rashid

"Much like the case of a runaway bride" was how PTI General Secretary Karachi, Rashid referred to the last minute departure of Amjadullah Khan, its candidate for NA-245 Karachi by-poll, on Friday. Talking on the phone to Business Recorder from Kara
Published 09 Apr, 2016 12:00am
Safety programme 1,500 journalists to be trained

Safety programme 1,500 journalists to be trained

More than 1,500 journalists from across the country will be trained on how to adopt safety measures while reporting from difficult areas. The nationwide journalist safety program is being funded by the Government of Denmark and was launched by Jakob Jakob
Published 09 Apr, 2016 12:00am
Appointment of Acting DG NAB Punjab challenged

Appointment of Acting DG NAB Punjab challenged

The federal government and the National Accountability Bureau have been served with court notices in connection with a petition challenging the appointment of Syed Burhan Ali as the bureau's acting Director General in the Punjab. Petitioner Imran Talib ha
Published 09 Apr, 2016 12:00am
35 suspects held

35 suspects held

At least 35 suspects were apprehended during a search operation conducted by police in Allama Iqbal Town area here on Friday. According to police sources, police carried out door to door search operation in the area and nabbed 35 suspected people. The sus
Published 09 Apr, 2016 12:00am
Sartaj for developing 'soft power' image of Pakistan

Sartaj for developing 'soft power' image of Pakistan

Adviser to Prime Minister on Foreign Affairs Sartaj Aziz has stressed the need for developing a "soft power" of Pakistan to get rid of the present challenges as well as to promote the soft image of the country for synchronizing bilateral and multilateral
Published 09 Apr, 2016 12:00am
'No polio case in Punjab since 2016'

'No polio case in Punjab since 2016'

A spokesman of health department Punjab has said that no polio case has so far been reported in 2016 in the province of Punjab. He further said that 8-year old Ammara Tanvir d/o Muhammad Tanvir r/o village Budlot, district Jhelum is a diagnosed case of Rh
Published 09 Apr, 2016 12:00am
Passing-out ceremony

Passing-out ceremony

The Emergency Services Academy (Rescue 1122) is arranging a passing-out ceremony of rescuers trained for vacant posts of the Punjab Emergency Service and the Rescue 1122 Khyber Pakhtunkhawa today (Saturday). The ceremony is taking place at the Emergency S
Published 09 Apr, 2016 12:00am
Increase in rent of outlets: PSO accused of harassing CNG operators

Increase in rent of outlets: PSO accused of harassing CNG operators

Central Chairman of All Pakistan CNG Association (APCNGA) Abid Hayat has alleged that Pakistan State Oil (PSO) started harassing the CNG operators to extract more money by increasing the rent of the outlets established on PSO petrol pumps. The management
Published 09 Apr, 2016 12:00am
Panama Papers: PPP leader demands probe by parliamentary body

Panama Papers: PPP leader demands probe by parliamentary body

Pakistan Peoples Party Senator Saeed Ghani has demanded to constitute a parliamentary committee to investigate allegations on Prime Minister Nawaz Sharif and his family regarding Panama Papers. In a statement Senator Saeed Ghani said the Parliament is the
Published 09 Apr, 2016 12:00am
CM inaugurates drive to raise number of school children

CM inaugurates drive to raise number of school children

Punjab Chief Minister Shahbaz Sharif inaugurated Enrollment of Children in Schools Campaign 2016 under Parho Punjab Barho Punjab Programme at a ceremony held here on Friday. Addressing the ceremony, the CM said that education is the only key to progress a
Published 09 Apr, 2016 12:00am
'China in Pakistan'

'China in Pakistan'

A single country exhibition is going to be held in Karachi next March where Chinese companies will bring their products and services related to home electronics, appliances, home security and efficient energy. The show named 'China in Pakistan' is a joint
Published 09 Apr, 2016 12:00am
MPS today: healthy activity in money market
Exchange

MPS today: healthy activity in money market

A healthy activity was seen in the money market on Friday on the eve of announcement of Monetary Policy Statement (MPS) by State Bank of Pakistan (SBP) and cut-off yield of Pakistan Investment Bond (PIBs) declined up to 15 basis points. A massive demand o
Published 09 Apr, 2016 12:00am
EFP condemns issuance of notices

EFP condemns issuance of notices

Employers' Federation of Pakistan has strongly condemned EOABI for issuing notices to companies to pay EOABI contribution at enhanced rate based on an amendment made through Unskilled Workers Minimum Wages Amendment Act 2016 which applies only to the Isla
Published 09 Apr, 2016 12:00am
US Pakistan Knowledge Corridor will prove to be a milestone: Dr Iqrar

US Pakistan Knowledge Corridor will prove to be a milestone: Dr Iqrar

US Pakistan Knowledge Corridor will prove the milestones to make development and to get benefit from each other experiences. It was discussed at a seminar on curriculum revision arranged by US Center for Advanced Studies (CAS) in Agriculture and Food Secu
Published 09 Apr, 2016 12:00am
Ban on jobs in Punjab: SC reserves verdict

Ban on jobs in Punjab: SC reserves verdict

The Supreme Court on Friday reserved its judgment over appeals filed against ban on government jobs in the Punjab province. The three-member bench of the apex court headed by Justice Ejaz Afzal Khan heard the case and reserved verdict after completion of
Published 09 Apr, 2016 12:00am
Traffic police to install delineators

Traffic police to install delineators

The City Traffic Police will install delineators to curb illegal auto rickshaw stands in the city. According to details, the city traffic police office has decided to bring an end to the illegal stands of auto rickshaws and 50 particular points would be s
Published 09 Apr, 2016 12:00am
KP government declares Shangla, Kohistan as calamity-hit areas

KP government declares Shangla, Kohistan as calamity-hit areas

The provincial government of Khyber Pakhtunkhwa has declared severely recent-rain affected Shangla, Besham and Kohistan as calamity-hit areas. This was announced by Speaker, Khyber Pakhtunkhwa Assembly Asad Qaiser during his visit to the areas of Shangla,
Published 09 Apr, 2016 12:00am
Food shortage feared

Food shortage feared

Torrential rains in Kohistan and Shangla district of Khyber Pakhtunkhwa have created immense damages with food scarcity also feared. Devastating scenes are being witnessed in both the districts as heavy downpour has stripped homes from hundreds of residen
Published 09 Apr, 2016 12:00am
Iesco shutdown notice

Iesco shutdown notice

According to IESCO spokesman, due to electricity maintenance and development work the Power supply of Feeders/Grid Stations would remain suspended as under:-On 09 April 09:00am 05:00pm, POF-1&2, PAC Kamara feeders, On 09 and 10 April 09:00am 02:00pm, RCCI
Published 09 Apr, 2016 12:00am
'Net-Metering can help reduce energy supply-demand gap'

'Net-Metering can help reduce energy supply-demand gap'

To bridge the energy supply-demand gap, the government placed the Net-Metering policies into effect in 2015, yet the country still awaits the execution of these policies. The Net-Metering concept allows private and industrial clients to produce their own
Published 09 Apr, 2016 12:00am
Dutch experts invited to discuss agriculture technologies

Dutch experts invited to discuss agriculture technologies

The Dutch Embassy in Islamabad has invited one of its agriculture experts to visit Pakistan to discuss latest agricultural technologies, innovations and ideas with stakeholders to further strengthen relations between the Dutch and Pakistani agricultural s
Published 09 Apr, 2016 12:00am
Dengue control module of Punjab globally praised

Dengue control module of Punjab globally praised

The health advisor has claimed that the Dengue Control Module of the Punjab has been globally praised and experts have recommended a replication of this module in other parts of the world to fight the disease. Advisor Khawaja Salman Rafique addressing a m
Published 09 Apr, 2016 12:00am
Appointment of WCC NA Speaker, Punjab minister summoned on April 13

Appointment of WCC NA Speaker, Punjab minister summoned on April 13

The National Assembly speaker and the Punjab labour minister have been served with court notices they must respond to a petition May 13 challenging the appointment of the Workmen's Compensation Commissioner; a petitioner claims is politically motivated.
Published 09 Apr, 2016 12:00am
Minister inaugurates three-day LCCI expo 2016
Exchange

Minister inaugurates three-day LCCI expo 2016

Lahore Chamber of Commerce and Industry on Friday organized 3rd Expo 2016 here at the International Expo Centre which was attended by thousands of local and foreign visitors. The three-day exhibition, which was jointly inaugurated by the Provincial Minist
Published 09 Apr, 2016 12:00am
Budget 2016-17: government urged to consider proposals by traders

Budget 2016-17: government urged to consider proposals by traders

Chairman of the Pakistan Industrial and Traders Association Front, Irfan Iqbal Sheikh while addressing a trade delegation from various markets on Friday has urged the government to consider proposals by small traders in federal budget 2016-17 The delegati
Published 09 Apr, 2016 12:00am
AHAN training centres benefiting 400 persons

AHAN training centres benefiting 400 persons

Product development training centers established by AHAN under its project Improved Livelihood through Creative Industries funded by Danish Centre for Culture and Development (CKU) are benefiting 400 individuals both male and female in six districts of KP
Published 09 Apr, 2016 12:00am
'KP government improving communication system'

'KP government improving communication system'

Advisor to KP Chief Minister for C&W, Akbar Ayub Khan has said that the provincial government was utilizing all its resources for the improvement of communication system in the province with its own resources and financial assistance and cooperation of As
Published 09 Apr, 2016 12:00am
Senate to celebrate Constitution Day tomorrow

Senate to celebrate Constitution Day tomorrow

The Senate of Pakistan, under the leadership of Chairman Senate Mian Raza Rabbani is going to celebrate constitution day on April, 10 to pay tributes to the founders of constitution and all those unsung heroes who offered sacrifices for strengthening the
Published 09 Apr, 2016 12:00am
UNODC joins hands with Australia to halt human trafficking

UNODC joins hands with Australia to halt human trafficking

The United Nations Office on Drugs and Crime (UNODC) office in Pakistan on Friday signed a year long project with the Australian government aiming at curbing human trafficking and raising awareness among people about crime. The UNODC country office in Pak
Published 09 Apr, 2016 12:00am
SHC allows Nisar Morai to avail medical facilities

SHC allows Nisar Morai to avail medical facilities

Sindh High Court (SHC) on Friday directed the Rangers to allow Nisar Morai, former chairman Fisherman Cooperative Society (FCS), to avail medical facilities of his own choice. Morai is currently in the preventive detention of Rangers over his alleged invo
Published 09 Apr, 2016 12:00am
Government plans to overcome water shortage in Karachi: Shoro

Government plans to overcome water shortage in Karachi: Shoro

Sindh Minister for Local Government Jam Khan Shoro has said that the government has planned to install desalination and RO plants to overcome water shortage in the city. Speaking to the members of Korangi Association of Trade and Industry (Kati) on Friday
Published 09 Apr, 2016 12:00am
Three, including man, son, gunned down

Three, including man, son, gunned down

Unknown armed men gunned down three persons including a father and his at Shafiq Morr, North Nazimabad, here on Friday. According to police sources, the incident occurred near Shafiq Morr in the limits of Taimoria Police Station in North Nazimabad.
Published 09 Apr, 2016 12:00am
2G, NGMS PTA carries out QoS survey

2G, NGMS PTA carries out QoS survey

Pakistan Telecommunication Authority (PTA) has carried out a comprehensive Quality of Service (QoS) survey of 2G and Next Generation Mobile Services (NGMS) in Islamabad, Rawalpindi and Peshawar to check voice and NGMS QoS as per the required standards.
Published 09 Apr, 2016 12:00am
SECP initiates 35 show-cause proceedings against companies
Exchange

SECP initiates 35 show-cause proceedings against companies

The Securities and Exchange Commission of Pakistan (SECP) has initiated 35 show cause proceedings against companies, their auditors and directors for various alleged violations of provisions of the Companies Ordinance, 1984 in March 2016.
Published 09 Apr, 2016 12:00am
All institutions on the same page: President

All institutions on the same page: President

President Mamnoon Hussain Friday said that for the first time in Pakistan's history, all institutions were on the same page regarding the problems confronting the country. Addressing the Army officials undergoing training at the Command and Staff College,
Published 09 Apr, 2016 12:00am
Fata schools KP governor launches enrollment drive

Fata schools KP governor launches enrollment drive

KP Governor Iqbal Zafar Jhagra on Friday formally launched the education campaign to enroll 100 percent children in schools in Fata. He said education and knowledge are keys to socio-economic development of the country. He said education was given top mos
Published 09 Apr, 2016 12:00am
Qadir Patel gets protective bail

Qadir Patel gets protective bail

Sindh High Court (SHC) on Friday granted protective bail to Pakistan People's Party leader Abdul Qadir Patel. Patel, who is currently out of the country for treatment, is accused of asking Dr Asim to treat the injured terrorists at Ziauddin Hospital. The
Published 09 Apr, 2016 12:00am
MQM legislators protest water shortage in Hyderabad

MQM legislators protest water shortage in Hyderabad

The MQM legislators on Friday protested against water shortage in Hyderabad but the treasury dismissed the main opposition's complaint during the Sindh Assembly sitting. The protesting MQM lawmakers also staged a walkout to press their demand and slammed
Published 09 Apr, 2016 12:00am
Dr Ishrat joins Engro as Senior Advisor on Education

Dr Ishrat joins Engro as Senior Advisor on Education

In an announcement made by Engro Corporation, Dr Ishrat Husain, former Dean & Director of one of Pakistan's top business schools, has graciously accepted the position of Senior Advisor on Education to Engro Corporation's Chairman, Hussain Dawood. Hussain
Published 09 Apr, 2016 12:00am
Abacus, Apigee to accelerate digital innovation
Exchange

Abacus, Apigee to accelerate digital innovation

Abacus Consulting, the leading consulting, technology and outsourcing firm, signed an agreement with Apigee to become the reseller partner for the Apigee API management platform. The signing ceremony was held in Karachi where Saad Syed, Sales Director MEA
Published 09 Apr, 2016 12:00am
US bond yields lowest since February as growth fears return

US bond yields lowest since February as growth fears return

US Treasury yields fell broadly on Thursday to their lowest levels since late February as declining oil prices and fears about slowing global economic growth underpinned bond prices. The fall in yields was also helped by a reversal in investors' appetite
Published 09 Apr, 2016 12:00am
More first-hole misery for Els at Masters

More first-hole misery for Els at Masters

Ernie Els revisited the scene of his Masters meltdown in Friday's second round and stared down the putting demons that destroyed him a day earlier. The 46-year-old South African walked off the first green with a double-bogey 6 after missing a two-footer,
Published 09 Apr, 2016 12:00am
Defending champion Sock reaches Houston quarter-finals

Defending champion Sock reaches Houston quarter-finals

Defending champion and fourth seed Jack Sock held off Australian qualifier Matthew Barton 6-2, 7-6 (7/5) on Thursday to reach the quarter-finals of the ATP claycourt tournament in Houston, Texas. Sock's serve was rock solid, with the American winning 80 p
Published 09 Apr, 2016 12:00am
Australia, New Zealand dollar down

Australia, New Zealand dollar down

The Australian and New Zealand dollars nursed losses against their US counterpart and yen on Friday as global growth worries resurfaced, putting them on track for heavy weekly falls. The Australian dollar held at $0.7530, having slipped 1.2 percent on Thu
Published 09 Apr, 2016 12:00am
Sri Lanka five-day rupee forwards end steady
Currency

Sri Lanka five-day rupee forwards end steady

Sri Lankan five-day rupee forwards closed steady on Friday as importer dollar demand offset the greenback sales by exporters and inward remittances ahead of the Sinhala-Tamil new year next week, dealers said. The forwards, which are called spot next and a
Published 09 Apr, 2016 12:00am
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