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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-04-22
Copper hits four-week high as China optimism gains momentum
Exchange

Copper hits four-week high as China optimism gains momentum

Copper rose to a four-week high on Thursday, boosted by rising expectations of improving demand growth from China after a string of stronger economic data from the top consumer. Benchmark copper on the London Metal Exchange finished with a 0.4 percent gai
Published 22 Apr, 2016 12:00am
Iran says new oil contracts model approved

Iran says new oil contracts model approved

The head of Iran's petroleum contracts committee said on Thursday the government had approved a model for new contracts but it was still being processed by a commission. Seyed Mehdi Hosseini, asked when the final draft of the contract will be ready and pr
Published 22 Apr, 2016 12:00am
Rubber jumps
Exchange

Rubber jumps

Benchmark Tokyo rubber futures jumped more than 4 percent on Thursday to hit an 8-1/2-month high above a key 200 yen level, as firmer oil prices and hopes of a pickup in demand in top buyer China bolstered investors' appetite for risk. "A gain in oil pric
Published 22 Apr, 2016 12:00am
Soyabeans hit eight-month high
Exchange

Soyabeans hit eight-month high

US soyabeans surged to the highest levels in eight months early on Thursday on technical buying and bull-spreading as investors eyed outlooks for lower output due to rains in Argentina.
Published 22 Apr, 2016 12:00am
Palm oil up
Exchange

Palm oil up

Malaysian palm oil futures rose for a fourth consecutive session on Thursday, hitting their highest in more than two weeks, on expectations of lower production following hot and dry weather brought on by the El Nino weather pattern.
Published 22 Apr, 2016 12:00am
Raw sugar pares steep losses

Raw sugar pares steep losses

Raw sugar futures on ICE pared losses on Thursday, while arabica coffee fell more than 3 percent, after both markets turned sharply lower on broad profit-taking and a firming US dollar. Cocoa prices bucked the session's trend and held their gains, with th
Published 22 Apr, 2016 12:00am
Gold steadies in New York
Exchange

Gold steadies in New York

Gold steadied on Wednesday as a firmer tone to the US dollar held gains in check, though silver extended gains to an 11-month peak, boosted by technical momentum and perceptions it is undervalued versus gold.
Published 22 Apr, 2016 12:00am
Silver surges in Asia

Silver surges in Asia

Silver surged nearly 4 percent on Thursday, hitting an 11-month top and lifting gold with it, as commodities rallied on firmer oil prices and optimism over the Chinese economy. Spot silver rose 3.9 percent to $17.595 an ounce, its highest since May 2015.
Published 22 Apr, 2016 12:00am
Silver plummets, gold down in Europe
Exchange

Silver plummets, gold down in Europe

Silver slipped sharply from an 11-month peak on Thursday as a rebound in the dollar prompted traders to cash in earlier gains, while gold also fell from a five-week high hit after comments from the European Central Bank drove the euro higher. The single c
Published 22 Apr, 2016 12:00am
US MIDDAY: wheat retreats
Exchange

US MIDDAY: wheat retreats

Chicago Board of Trade wheat futures fell early on Thursday on profit-taking after the spot contract reached a five-month high, traders said. CBOT May wheat settled down 8-1/2 cents at $4.95-3/4 a bushel after rising to $5.10-3/4, the highest spot price s
Published 22 Apr, 2016 12:00am
Soyabeans hit eight-month high
Exchange

Soyabeans hit eight-month high

US soyabeans surged to the highest levels in eight months early on Thursday on technical buying and bull-spreading as investors eyed outlooks for lower output due to rains in Argentina.
Published 22 Apr, 2016 12:00am
US MIDDAY: Silver and gold slip
Exchange

US MIDDAY: Silver and gold slip

Silver slipped sharply from an 11-month peak on Thursday as a rebound in the dollar prompted traders to cash in earlier gains, while gold also fell from a five-week high hit after comments from the European Central Bank drove the euro higher.
Published 22 Apr, 2016 12:00am
US FOB Gulf corn premiums hold steady

US FOB Gulf corn premiums hold steady

Corn export premiums for shipments from the US Gulf Coast held about steady on Tuesday amid hopes for near term sales to Brazil after the country lifted an import tax in response to tight domestic supplies and high prices, traders said.
Published 22 Apr, 2016 12:00am
US Midwest corn and soya bids weaker

US Midwest corn and soya bids weaker

Spot corn and soyabean basis bids were generally steady to weak around the US Midwest on Tuesday following active farmer sales as futures prices for both surged during the day, grain merchants said. Chicago Board of Trade corn notched new five-month highs
Published 22 Apr, 2016 12:00am
CBOT wheat futures jump on short-covering

CBOT wheat futures jump on short-covering

Chicago Board of Trade May wheat futures jumped nearly 3 percent on Tuesday, rising more than 5 percent since Friday on fund short-covering and spillover strength from corn and soy, traders said.
Published 22 Apr, 2016 12:00am
Prices further higher on grain market
Cotton

Prices further higher on grain market

A slight improvement in the trading activity pushed the rates further higher on the wholesale grain market on Thursday, dealers said. On the cereals side, Makai low type was unchanged at Rs 3000 while the best quality was higher by Rs 65 to Rs 3125, wheat
Published 22 Apr, 2016 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 172,726 tonnes of cargo comprising 150,285 tonnes of import cargo and 22,441 tonnes of export cargo including 5,154 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 22 Apr, 2016 12:00am
Daily trading report of PMEX
Exchange

Daily trading report of PMEX

On Wednesday, at Pakistan Mercantile Exchange (PMEX), value traded was PKR 7,804 million. The number of lots traded was 36.03 million. PMEX Commodity Index closed at 2,800 level. Major business was contributed by gold amounting to PKR 6,161 million follow
Published 22 Apr, 2016 12:00am
Rapid rise in cotton prices
Cotton

Rapid rise in cotton prices

Prices rose rapidly on the domestic market this week recording an increase of Rs 200 to Rs 300 per maund (37.32 Kgs). High advices from New York cotton futures and also from China and India have pushed cotton prices upwards.
Published 22 Apr, 2016 12:00am
Rapid rise in cotton prices
Cotton

Rapid rise in cotton prices

Prices rose rapidly on the domestic market this week recording an increase of Rs 200 to Rs 300 per maund (37.32 Kgs). High advices from New York cotton futures and also from China and India have pushed cotton prices upwards.
Published 22 Apr, 2016 12:00am
Nadal cruises into Barcelona quarters

Nadal cruises into Barcelona quarters

Rafael Nadal continued his perfect start to the European clay-court season by easing past fellow Spaniard Albert Montanes 6-2, 6-2 to reach the quarter-finals of the Barcelona Open on Thursday.
Published 22 Apr, 2016 12:00am
Fakhar Imam shines in National Amateur Golf Championship

Fakhar Imam shines in National Amateur Golf Championship

Fakhar Imam of Defence Raya Golf and Country Club played a spectacular round on Thursday in the fourth round of National Amateur Golf Championship in progress here at Raya Golf Course and as a result emerged on the top of the national amateur event leader
Published 22 Apr, 2016 12:00am
PCB seeks to terminate 'Big Three' system

PCB seeks to terminate 'Big Three' system

The Pakistan Cricket Board is planning to terminate the 'Big Three' system in International Cricket Council meetings scheduled to be held in the United Arab Emirates city of Dubai next week. Chairman Shahryar Khan will represent the board in Dubai's gathe
Published 22 Apr, 2016 12:00am
Dosti sports event attracts over 300 children

Dosti sports event attracts over 300 children

Educationists working on promoting education on Thursday called upon the government to bridge the gap between urban and rural areas, providing village schools children equal opportunities so they may show their talent in both learning in class and taking
Published 22 Apr, 2016 12:00am
CAS Khyber Open Tennis begins

CAS Khyber Open Tennis begins

The 35th edition of the Chief of the Air Staff Khyber Pakhtunkhwa Tennis Championship 2016 will be commencing from today (Friday) April 22, here at Officer Mess Grassy Courts. This was stated by Director PAF Sports Control Committee Group Captain Asghar A
Published 22 Apr, 2016 12:00am
Suarez hits four in 8-0 rout, Ronaldo injured

Suarez hits four in 8-0 rout, Ronaldo injured

Barcelona bounced back from their worst run of La Liga defeats for 13 years in emphatic fashion as Luis Suarez scored four in an 8-0 thrashing of Deportivo la Coruna on Wednesday. Ivan Rakitic, Lionel Messi, Marc Bartra and Neymar were also on target as B
Published 22 Apr, 2016 12:00am
Man Utd, Liverpool fire European hopes

Man Utd, Liverpool fire European hopes

Matteo Darmian inspired Manchester United to victory over Crystal Palace and Liverpool crushed derby rivals Everton 4-0 as both teams enhanced their chances of securing European football on Wednesday. Italian right-back Darmian scored his first goal for U
Published 22 Apr, 2016 12:00am
Hawk-Eye guru wants umpires to edge in front

Hawk-Eye guru wants umpires to edge in front

The inventor of the Hawk-Eye ball-tracking system is behind a new device he hopes will end the bitterness caused in club games by batsmen who refuse to 'walk'. Paul Hawkins has developed a sensor capable of detecting the slightest nick and hopes to make i
Published 22 Apr, 2016 12:00am
Neymar to play Olympics, miss Copa America

Neymar to play Olympics, miss Copa America

Barcelona's Brazilian star Neymar will miss the Copa America Cetenario in the United States in June, but will be released to represent his country at the Rio Olympics in August, the Catalan giants announced on Wednesday.
Published 22 Apr, 2016 12:00am
Flame lit for troubled Rio Games

Flame lit for troubled Rio Games

The Olympic flame was lit Thursday in an ancient temple in one country in crisis and solemnly sent off carrying international hopes that Brazil's political paralysis will not taint the Rio Games that start in barely 100 days. As the flame was kindled in t
Published 22 Apr, 2016 12:00am
EU hits Google with second antitrust charge

EU hits Google with second antitrust charge

The European Union charged Google on Wednesday with using its dominant Android mobile operating system to squeeze out rivals, opening a second front against the US technology giant that could result in large fines.
Published 22 Apr, 2016 12:00am
SSC meeting told: Govt spends over Rs140m on new seed varieties
Cotton

SSC meeting told: Govt spends over Rs140m on new seed varieties

Sindh government has spent Rs 140.266 million on developing new varieties of seeds during the last four years. This was told during a meeting of Sindh Seed Corporation (SSC), which was chaired by Chief Minister Syed Qaim Ali Shah at the Chief Minister's H
Published 22 Apr, 2016 12:00am
Avanza unveils innovative solutions at e-banking moot

Avanza unveils innovative solutions at e-banking moot

Avanza Solutions - a Pakistan-based leading technology company presented a plethora of innovative e-banking solutions at the 14th International E-Banking Conference & Exhibition. The prestigious event also hosted several talks on technological trends, dis
Published 22 Apr, 2016 12:00am
Mandviwalla resigns as member TDAP BoD

Mandviwalla resigns as member TDAP BoD

PPP Senator Saleem Mandviwalla has submitted his resignation letter to the Chairman Senate Mian Razza Rabbani stating that "it is disappointing to see the state of the affairs of Trade Development Authority of Pakistan (TDAP) as it has failed to develop a
Published 22 Apr, 2016 12:00am
'SBP and World Bank working towards safe e-payments'
Exchange

'SBP and World Bank working towards safe e-payments'

The State Bank of Pakistan (SBP) is engaged with the World Bank to beef up security checks on electronic payment transactions as technological advancement is playing a pivotal role in financial inclusion of unbaked people in the country.
Published 22 Apr, 2016 12:00am
ICI Pakistan Ltd posts 37 percent PAT increase

ICI Pakistan Ltd posts 37 percent PAT increase

ICI Pakistan Limited has posted a substantial increase in profit for the first nine months of 2015-16. At PKR 2,029 million, its stand alone profit after tax is 37 percent higher than the same period last year. Higher operating profits from its core busin
Published 22 Apr, 2016 12:00am
Kati seeks funds for infrastructure development

Kati seeks funds for infrastructure development

Korangi Association of Trade and Industry (Kati) President Zahid Saeed has urged the federal and provincial governments to allocate funds in the next budgets for the development of industrial infrastructure. He said that the Sindh government had assured t
Published 22 Apr, 2016 12:00am
CCCT to help textile sector boost its performance
Exchange

CCCT to help textile sector boost its performance

China Chamber of Commerce for Import and Export of Textile and Apparel (CCCT) has agreed to facilitate Pakistan's largest textile sector for enhancing its expertise. "We have recently signed a Memorandum of Understanding (MOU) with Pakistan Readymade Garm
Published 22 Apr, 2016 12:00am
Another student commits suicide in Karachi

Another student commits suicide in Karachi

Another student of a private university on Thursday committed suicide in Karachi taking the number of suicide death to two in a month.
Published 22 Apr, 2016 12:00am
Three alleged terrorists killed in shoot-out
Exchange

Three alleged terrorists killed in shoot-out

Three alleged terrorists of the banned Tehreek­e­Taliban Pakistan i(TTP) including their Commander Munshi were killed in an encounter with police at Super Highway in Malir area , here on Thursday. According to SSP Malir Rao Anwar, on the intelligence info
Published 22 Apr, 2016 12:00am
Pakistan's foreign exchange reserves fall by $54.5 million
Exchange

Pakistan's foreign exchange reserves fall by $54.5 million

The country's liquid foreign exchange reserves declined by $54.5 million during last week. According to State Bank of Pakistan (SBP) weekly report, the country's liquid foreign exchange reserves stood at $20.780 billion as on April 15, 2016 compared to $2
Published 22 Apr, 2016 12:00am
Mauritius government plans to hold 'Pakistan Week' in August

Mauritius government plans to hold 'Pakistan Week' in August

President of Mauritius, Dr Ameenah Gurib Fakim has said that her government plans to organise "Pakistan Week" in Mauritius from August 14 to 21, on the occasion of Pakistan National Day. While exchanging views at a meeting with a delegation of Karachi Cha
Published 22 Apr, 2016 12:00am
Nation fully supports security forces: KP Governor

Nation fully supports security forces: KP Governor

Acknowledging the courageous role of Pak Army, Frontier Corps and security forces, the Governor Khyber Pakhtunkhwa Iqbal Zafar Jhagra has said that the whole nation stands united with the security forces in the war against terrorism.
Published 22 Apr, 2016 12:00am
Celebrating Pakistani women: SCB Pakistan hosts panel discussion

Celebrating Pakistani women: SCB Pakistan hosts panel discussion

Standard Chartered Bank, under its Diversity & Inclusion platform, joined hands with the British Deputy High Commission to host a panel discussion titled "Celebrating Pakistani women: the importance of diversity for business growth" at the British Deputy
Published 22 Apr, 2016 12:00am
Grupo Fantasma enthralls Karachi music fans
Exchange

Grupo Fantasma enthralls Karachi music fans

The US Consulate General Karachi had a rare treat for music lovers on Wednesday night: Grupo Fantasma's pulsating Latin Funk. "What a show!" said Public Affairs Officer Li Ping Lo.
Published 22 Apr, 2016 12:00am
High-level delegation to visit China's industrial zones, parks

High-level delegation to visit China's industrial zones, parks

A high level delegation would visit China from 24-29 April to study Chinese Industrial Zones/Industrial Parks as a model for establishing such zones in Pakistan under China-Pakistan Economic Corridor (CPEC), it is learnt.
Published 22 Apr, 2016 12:00am
3D fitness tracker launched

3D fitness tracker launched

Using Intel technology, Silicon Valley fitness technology start-up on Thursday launched a 3-dimensional fitness tracker for consumers. The body scanner includes a full-length scanning mirror, a scale that doubles as a turntable and the mobile app.
Published 22 Apr, 2016 12:00am
BA, BCom, BSc: KU announces May 31 as last date for registration

BA, BCom, BSc: KU announces May 31 as last date for registration

University of Karachi has notified that the last date of submission of Registration of B.A/B.Com/B.O.L and Improvement of Division (B.A, B.Com and BSc) will be 31st May 2016 with the fees of Rs 3500. Registrations forms are available and could be submitte
Published 22 Apr, 2016 12:00am
Anti-polio drive continues in Karachi

Anti-polio drive continues in Karachi

Anti-polio drive on Thursday continued in the mega city a day after seven policemen were shot dead in Orangi Town in separate attacks. Addition police contingent has been deployed for guarding the polio workers.
Published 22 Apr, 2016 12:00am
10 suspects held in cops' killing case

10 suspects held in cops' killing case

Police on Thursday registered a case of deadly terrorists attack on law enforcers that killed seven policemen guarding anti-polio workers in Orangi Town area the other day. According to police sources, an FIR 139/2016 was registered on behalf of Station H
Published 22 Apr, 2016 12:00am
Lloyds planning to axe 625 UK jobs

Lloyds planning to axe 625 UK jobs

State-backed Lloyds Banking Group is axing about 625 jobs, according to the Unite union, making a further round of job losses under an aggressive cost-cutting plan. The cuts apply mainly to back office roles and more than 80 IT roles will be transferred f
Published 22 Apr, 2016 12:00am
Lloyds planning to axe 625 UK jobs

Lloyds planning to axe 625 UK jobs

State-backed Lloyds Banking Group is axing about 625 jobs, according to the Unite union, making a further round of job losses under an aggressive cost-cutting plan. The cuts apply mainly to back office roles and more than 80 IT roles will be transferred f
Published 22 Apr, 2016 12:00am
GM reports surging profit, breaks even in Europe

GM reports surging profit, breaks even in Europe

General Motors reported soaring first-quarter earnings Thursday, easily topping expectations as it broke even in Europe and scored more banner results in North America. Earnings came in at $2.0 billion, compared with $0.9 billion in the year-ago period.
Published 22 Apr, 2016 12:00am
In riposte to Riyadh, Russia says ready to ramp up oil output

In riposte to Riyadh, Russia says ready to ramp up oil output

Russia said on Wednesday it was prepared to push oil production to historic highs, just days after a global deal to freeze output levels collapsed and Saudi Arabia threatened to flood markets with more crude. Venezuela predicted prices could crash in the
Published 22 Apr, 2016 12:00am
Australian banks unveil reforms in wake of scandals

Australian banks unveil reforms in wake of scandals

Australian banks on Thursday promised unprecedented reforms to protect consumers and boost transparency following revelations of misconduct and ahead of a federal election set to be fought partly over calls for tougher sector oversight.
Published 22 Apr, 2016 12:00am
Asian banks' bad debt pile highest since global financial crisis

Asian banks' bad debt pile highest since global financial crisis

Bad debts at Asian banks have climbed to their highest since the global financial crisis and the trend will likely worsen as regional economies battle against China's slowdown and volatile oil and commodities prices, a Reuters data analysis shows.
Published 22 Apr, 2016 12:00am
US jobless claims hit 42-1/2-year low as labour market firms

US jobless claims hit 42-1/2-year low as labour market firms

The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting its lowest level since 1973, suggesting an apparent sharp slowdown in economic growth in the first quarter could be temporary.
Published 22 Apr, 2016 12:00am
China banks approved to invest in high tech firms

China banks approved to invest in high tech firms

China has given the go-ahead for 10 commercial banks, including Bank of China, the Bank of Beijing and the Bank of Shanghai to begin a pilot programme to directly invest in technology companies.
Published 22 Apr, 2016 12:00am
Bosses hit out at high executive pay

Bosses hit out at high executive pay

Britain's approach to executive pay resulting in bosses earning far more than their staff is "not fit for purpose", concluded a report published Thursday and written by company heads. The Executive Remuneration Working Group, chaired by Nigel Wilson, chie
Published 22 Apr, 2016 12:00am
Swiss watches lose allure as Chinese count cost

Swiss watches lose allure as Chinese count cost

Swiss watch exports took their biggest fall at the start of this year since 2009 as China's economy stumbled and Hong Kong retailers focused on working off existing stock instead of placing new orders. The Swiss watch sector's exports in March alone fell
Published 22 Apr, 2016 12:00am
Britain's deficit misses target

Britain's deficit misses target

Britain's annual deficit overshot the Conservative government's target, official data showed on Thursday, dealing a blow to finance minister George Osborne. Separately, a heavy fall in retail sales data added to concerns of slowing growth in the country's
Published 22 Apr, 2016 12:00am
France's biggest carmaker PSA Group raided

France's biggest carmaker PSA Group raided

French auto giant PSA Group, the maker of Peugeot and Citroen cars, said Thursday its premises had been raided by France's anti-fraud squad as part of a probe into emissions.
Published 22 Apr, 2016 12:00am
Gulf markets firm; oil-linked stocks lift Saudi index
Exchange

Gulf markets firm; oil-linked stocks lift Saudi index

Petrochemical shares helped buoy Riyadh's stock index on Thursday, but some domestic-focused shares fell after earnings missed estimates, while other Gulf stock markets ended the week on a high note ahead of quarterly results.
Published 22 Apr, 2016 12:00am
Australian shares surge, NZ hits new high

Australian shares surge, NZ hits new high

Australian shares hit their highest close in three-and-a-half months on Thursday as surging prices for oil and iron ore lifted major mining and energy companies, while New Zealand shares edged up to a fresh record. The S&P/ASX 200 index rose 56.7 points,
Published 22 Apr, 2016 12:00am
Tokyo shares remain higher

Tokyo shares remain higher

Tokyo shares rose for a third successive session on Thursday, boosted by a broadly weaker yen and another oil price surge, though Mitsubishi Motors collapsed 20 percent after it admitted falsifying fuel efficiency tests. The crisis-hit company's testing w
Published 22 Apr, 2016 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks rose on Thursday as technology shares gained on optimism over export orders in March that offered some hope of a pickup in demand, and tracking overseas markets. The main TAIEX index rose 0.3 percent to 8,543.56 as of 0409 GMT, after closing
Published 22 Apr, 2016 12:00am
US treasury yields rise

US treasury yields rise

US treasury yields rose on Wednesday to three-week highs, as oil and stock prices gained, reducing demand for safe-haven bonds, and as new sales of corporate debt also weighed on the market.
Published 22 Apr, 2016 12:00am
US treasury yields rise

US treasury yields rise

US treasury yields rose on Wednesday to three-week highs, as oil and stock prices gained, reducing demand for safe-haven bonds, and as new sales of corporate debt also weighed on the market.
Published 22 Apr, 2016 12:00am
India's BSE index edges higher

India's BSE index edges higher

India's benchmark BSE index edged up on Thursday, enough to lodge a sixth consecutive session of gains, as lenders rallied on a report that the central bank has trimmed the list of companies that needed bad loan provisioning. The BSE index rose 0.14 perce
Published 22 Apr, 2016 12:00am
China stocks slip

China stocks slip

China stocks closed lower on Thursday as afternoon profit-taking in finance and manufacturing shares offset early gains by commodity stocks in the morning following oil's sharp overnight rise. The CSI300 index of the largest listed companies in Shanghai a
Published 22 Apr, 2016 12:00am
European stocks slip as ECB keeps rates unchanged

European stocks slip as ECB keeps rates unchanged

European shares fell slightly on Thursday after the European Central Bank kept rates unchanged, with Swedish telecom equipment maker Ericsson and French drinks firm Pernod leading the fall after disappointing updates.
Published 22 Apr, 2016 12:00am
Hong Kong stocks up

Hong Kong stocks up

Hong Kong stocks produced solid gains on Thursday as a strong overnight performance by oil helped boost energy shares. The Hang Seng index rose 1.8 percent, to 21,622.25, while the China Enterprises Index gained 1.3 percent, to 9,248.40 points. Total trad
Published 22 Apr, 2016 12:00am
SE Asian stocks up on rising oil price

SE Asian stocks up on rising oil price

Southeast Asian stock markets gained on Thursday on an overnight rally in oil prices with the Thai index closing at its highest in nearly six months while Malaysian stocks ended a three-day fall. Thailand's SET index closed at its highest since October 27
Published 22 Apr, 2016 12:00am
FTSE slips from 2016 high

FTSE slips from 2016 high

Britain's top share index fell on Thursday after reaching this year's highest close the day before, following a drop in the shares of miner Anglo American and Sky. Sky fell 4.2 percent on doubts over the rights to air Bundesliga matches in Germany.
Published 22 Apr, 2016 12:00am
Begum Wali calls for across-the-board accountability

Begum Wali calls for across-the-board accountability

Veteran politician and Chairperson of Awami National Party (ANP-Wali group), Begum Naseem Wali Khan has called for an across-the-board accountability to prove that there are no "sacred cows" in the country.
Published 22 Apr, 2016 12:00am
Blasphemous materials on websites: PTA asked to block access immediately

Blasphemous materials on websites: PTA asked to block access immediately

Acting Speaker National Assembly Murtaza Javed Abbasi has taken serious notice of blasphemous materials on social media websites and directed Pakistan Telecommunication Authority (PTA) for immediate action. He expressed anguish and concerns over blasphemo
Published 22 Apr, 2016 12:00am
NHA told to award contracts to FWO as per PPRA rules

NHA told to award contracts to FWO as per PPRA rules

A parliamentary panel Thursday directed the National Highways Authority (NHA) to award contracts to Frontier Works Organisation (FWO) by following PPRA rules. While examining the audit reports of Ministry of Communication for the year 2002-03, Committee C
Published 22 Apr, 2016 12:00am
Furniture exhibition

Furniture exhibition

Pakistan Furniture Council (PFC) grand national level furniture expo 'Interior Pakistan' will start here at Karachi Expo Centre on 22nd to 24th April. Sindh Chief Minister Syed Qaim Ali Shah will inaugurate the event.
Published 22 Apr, 2016 12:00am
Project to support female IT graduates launched

Project to support female IT graduates launched

The project of supporting female Information Technology (IT) graduates through internship program was launched here at Hamdard University Main Campus at Madinat al-Hikmah, Karachi.
Published 22 Apr, 2016 12:00am
Supreme Court seeks replies from governments, Naval Commander

Supreme Court seeks replies from governments, Naval Commander

The Supreme Court Thursday sought replies from the federation, Sindh government, Navel Commander Karachi and other respondents in response to a plea over environmental protection and unnecessary construction of overhead bridges in Karachi.
Published 22 Apr, 2016 12:00am
COAS vows support to Sindh Police

COAS vows support to Sindh Police

Chief of Army Staff (COAS) General Raheel Sharif on Thursday called on Sindh Police Inspector General (IG) AD Khawaja in Karachi and assured army's complete support in mission to eradicate terrorism. The COAS condoled seven police killings and vowed to we
Published 22 Apr, 2016 12:00am
Non-bailable arrest warrants for Merchant issued

Non-bailable arrest warrants for Merchant issued

A local court in Karachi on Thursday issued a non-bailable arrest warrant of Sarfraz Merchant for the second time. The court has directed the police to present the details of the suspect's movable and non-movable property along with blocking his National
Published 22 Apr, 2016 12:00am
Uber, PITB sign MoU

Uber, PITB sign MoU

Uber, the technology platform that helps people get a ride at the push of a button, announced that it has signed a Memorandum of Understanding (MoU) with the Punjab Information Technology Board (PITB) as a way to promote the effective use of technology ac
Published 22 Apr, 2016 12:00am
Ayyan's name placed on ECL
Exchange

Ayyan's name placed on ECL

The Ministry of Interior has placed the name of supermodel Ayyan Ali on the Exit Control List (ECL) following a letter of the Federal Board of Revenue (FBR), it is learnt. Sources told Business Recorder, here on Thursday that the FBR wrote a letter to the
Published 22 Apr, 2016 12:00am
Inquiry into BoK controversy demanded

Inquiry into BoK controversy demanded

Leader of the Opposition in Khyber Pakhtunkhwa Assembly, Maulana Lutf-ur-Rehman on Thursday said that the allegations of the Managing Director (MD) Bank of Khyber (BoK) against provincial finance minister are correct. Therefore, he called for inquiring in
Published 22 Apr, 2016 12:00am
Number of accidents on motorways increased in last few years: NA body

Number of accidents on motorways increased in last few years: NA body

The National Assembly Standing Committee on Communications on Thursday took serious notice of the absence of Secretary Communications, Inspector General National Highways & Motorway Police (NH&MP) and Chairman National Highways Authority (NHA) from the me
Published 22 Apr, 2016 12:00am
FIMFB president visits HCCI

FIMFB president visits HCCI

The basic objective of First Islamic Micro Finance Bank (FIMFB) is to provide of micro finance facilities to small growers. This was stated by G M Shahid, President of First Islamic Micro Financing Bank (FIMFB) while talking to the traders and industriali
Published 22 Apr, 2016 12:00am
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