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Sep 23, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-05-07
Dollar firms ahead of US jobs report
Currency

Dollar firms ahead of US jobs report

The dollar firmed against the euro and yen on Friday ahead of the April US non-farm payrolls due later in the day that could support the greenback. The dollar stood steady at 107.14 yen, having gained for three straight days to pull away from an 18-month
Published 07 May, 2016 12:00am
Dollar cedes ground before US jobs report
Currency

Dollar cedes ground before US jobs report

The dollar slipped against a basket of currencies on Friday but stayed on track for weekly gains as investors readied for April's US non-farm payrolls report. The dollar index was down 0.1 percent at 93.652, having gained around 2 percent from a trough of
Published 07 May, 2016 12:00am
Friday's early trade: Dollar slips after weak US jobs data
Currency

Friday's early trade: Dollar slips after weak US jobs data

The dollar dipped against a basket of currencies on Friday, though it recouped much of its losses tied to news of slower-than-expected domestic job growth in April which supported ideas the Federal Reserve would not raise interest rates in June. The dolla
Published 07 May, 2016 12:00am
Dollar rises, investors await US jobs data
Currency

Dollar rises, investors await US jobs data

The dollar rose to a one-week high against a basket of currencies on Thursday as traders closed out profitable bets against the greenback before Friday's US payrolls report which may confirm the view the Federal Reserve will not raise interest rates soon.
Published 07 May, 2016 12:00am
Asia FX down for week; ringgit leads on 1MDB concerns
Currency

Asia FX down for week; ringgit leads on 1MDB concerns

The Philippine peso was set to post its third straight weekly fall, hitting a two-month low on Friday, amid growing worries about the new government's economic policies ahead of a presidential election next week. Most other emerging Asian currencies edged
Published 07 May, 2016 12:00am
Yuan firms on corporate demand

Yuan firms on corporate demand

The yuan edged up against the dollar on Friday on yuan demand from banks and their corporate clients, shrugging off the softest midpoint set by the central bank in a month, traders said. If the yuan closes around the midday level, it would have weakened 0
Published 07 May, 2016 12:00am
Sterling hits 11-day low on persistent Brexit concerns

Sterling hits 11-day low on persistent Brexit concerns

Sterling hit an 11-day low on Friday, as investors worried that a referendum on whether Britain should stay in the European Union was still too close to call, with seven weeks to go. Regional and local elections, in which Britain's main opposition Labour
Published 07 May, 2016 12:00am
Australian dollar slammed by inflation outlook

Australian dollar slammed by inflation outlook

The Australian dollar skidded 1 percent on Friday after the central bank slashed its inflation forecasts and markets rushed to price in not one, but two more rate cuts this year. The Australian dollar sank over half a US cent to break under 74 cents for t
Published 07 May, 2016 12:00am
EU won't sacrifice food safety for US trade deal: German minister

EU won't sacrifice food safety for US trade deal: German minister

The EU won't sacrifice its high food safety standards for better US auto market access in a transatlantic trade deal being negotiated, a German minister said Friday. The comments by Agriculture Minister Christian Schmidt were the latest criticism of the t
Published 07 May, 2016 12:00am
Italian prosecutor probes Deutsche Bank for possible market manipulation

Italian prosecutor probes Deutsche Bank for possible market manipulation

An Italian prosecutor is investigating Deutsche Bank for possible market manipulation regarding the sale of 7 billion euros ($8 billion) in Italian government bonds five years ago, an investigative source said on Friday. Deutsche Bank said it was cooperat
Published 07 May, 2016 12:00am
Italian prosecutor probes Deutsche Bank for possible market manipulation

Italian prosecutor probes Deutsche Bank for possible market manipulation

An Italian prosecutor is investigating Deutsche Bank for possible market manipulation regarding the sale of 7 billion euros ($8 billion) in Italian government bonds five years ago, an investigative source said on Friday. Deutsche Bank said it was cooperat
Published 07 May, 2016 12:00am
China, Kazakhstan sign $2 billion in deals as Xinjiang party boss visits

China, Kazakhstan sign $2 billion in deals as Xinjiang party boss visits

China and Kazakhstan signed $2 billion in deals during a trip to the Central Asian country by the Communist Party boss of China's far western region of Xinjiang, state media said on Friday, as China promotes its new Silk Road initiative. Restive Xinjiang,
Published 07 May, 2016 12:00am
Worst may be over for Russia, risks rising in central Europe: IMF

Worst may be over for Russia, risks rising in central Europe: IMF

The worst of the economic slump in Russia may be over the International Monetary Fund said on Friday, but warned possible euro zone stagnation and shifting politics made central Europe's prospects increasingly uncertain. The IMF's twice-yearly regional ou
Published 07 May, 2016 12:00am
Australian central bank slashes inflation forecasts

Australian central bank slashes inflation forecasts

Australia's central bank slashed its inflation forecasts on Friday, sending the local dollar reeling as investors moved to fully price in another cut in interest rates this year. In its 66-page quarterly report, the Reserve Bank of Australia (RBA) now see
Published 07 May, 2016 12:00am
Global business growth picked up some speed in April-PMI

Global business growth picked up some speed in April-PMI

Global business growth picked up a little speed in April as near stagnation in manufacturing was offset by accelerating services activity, a survey showed on Friday. J.P. Morgan's Global All-Industry Output Index, produced with Markit, nudged up to 51.6 i
Published 07 May, 2016 12:00am
Brazil's inflation falls less than expected in April

Brazil's inflation falls less than expected in April

Brazil's 12-month inflation rate slowed less than expected in April as the government allowed medicine prices to rise, adding to signs that the central bank could wait longer before cutting interest rates to counter a deep recession. Consumer prices as me
Published 07 May, 2016 12:00am
US employment gains hit seven-month low, labour force shrinks

US employment gains hit seven-month low, labour force shrinks

The US economy added the fewest number of jobs in seven months in April and Americans dropped out of the labour force in droves, signs of weakness that cast doubts on whether the Federal Reserve will raise interest rates before the end of the year. Nonfar
Published 07 May, 2016 12:00am
Greeks strike as new reforms loom on tax and pensions

Greeks strike as new reforms loom on tax and pensions

Greeks went on a 48-hour nationwide strike on Friday to protest against tax and pension reforms, as Prime Minister Alexis Tsipras appealed to fractious lawmakers to approve the overhaul as part of a multi-billion euro bailout. Lowering its annual pension
Published 07 May, 2016 12:00am
World's largest particle smasher set to push physics into unknown

World's largest particle smasher set to push physics into unknown

The world's most powerful proton smasher is preparing for its biggest run yet which scientists hope will uncover new particles that could dramatically change our understanding of the Universe. "We are exploring truly fundamental issues, and that's why thi
Published 07 May, 2016 12:00am
Afghan forces raid frees 60 from Taliban prison

Afghan forces raid frees 60 from Taliban prison

Afghan special forces backed by helicopter gunships freed more than 60 people held captive in a Taliban prison in southern Afghanistan, officials said Friday, in a major raid against the resurgent Islamist group. The operation conducted Thursday in Now Za
Published 07 May, 2016 12:00am
Kim Jong-Un hails North Korea's nuclear power status at party congress

Kim Jong-Un hails North Korea's nuclear power status at party congress

Kim Jong-Un opened North Korea's first ruling party congress for nearly 40 years on Friday, with a defiant defence of the "magnificent" strides made in the country's nuclear weapons programme. Hailing the historic test of what North Korea claims was a hyd
Published 07 May, 2016 12:00am
Outcry grows over bombing of Syria camp for displaced

Outcry grows over bombing of Syria camp for displaced

Condemnation mounted Friday over deadly air strikes on a camp for displaced people in northern Syria as the regime and its Russian ally denied involvement and a fragile truce held in Aleppo city. Women and children were reported to be among 28 civilians k
Published 07 May, 2016 12:00am
Pope Francis tells EU to tear down migrant walls

Pope Francis tells EU to tear down migrant walls

Pope Francis said Friday he dreamed of a Europe in which "being a migrant is not a crime", as he urged EU leaders to "tear down the walls" and build a fairer society. Invoking the memory of the EU founding fathers' pursuit of integration in the aftermath
Published 07 May, 2016 12:00am
Kenny re-elected as PM by Irish parliament

Kenny re-elected as PM by Irish parliament

Ireland's parliament re-elected Enda Kenny as prime minister on Friday at the head of a minority government, ending a long blockage following inconclusive elections in February. Kenny won the vote by 59 in favour and 49 against, in the fourth attempt to e
Published 07 May, 2016 12:00am
Philippine president calls for anti-Duterte alliance

Philippine president calls for anti-Duterte alliance

Philippine leader Benigno Aquino called Friday on the trailing presidential candidates to unite against frontrunner Rodrigo Duterte, in a sensational finale to one of the nation's most divisive election campaigns. Aquino has repeatedly warned Duterte is a
Published 07 May, 2016 12:00am
Saudi policeman shot dead after Makkah raid: ministry

Saudi policeman shot dead after Makkah raid: ministry

A Saudi police officer has been shot dead in the Makkah region, the interior ministry said on Friday, after four suspected jihadists died during a raid in the same area. Corporal Khalaf al-Harithi was on duty in the western region on Thursday evening when
Published 07 May, 2016 12:00am
Trump on Brexit: Britain better off without the EU

Trump on Brexit: Britain better off without the EU

Donald Trump has said Britain would be better off outside the European Union, just weeks after US President Barack Obama travelled to London to warn against a Brexit. The presumptive Republican presidential nominee conceded on Fox News Thursday that it wa
Published 07 May, 2016 12:00am
Top US House Republican, Ryan, not ready to back Trump

Top US House Republican, Ryan, not ready to back Trump

The top elected US Republican, Paul Ryan, said on Thursday he was not ready to endorse Donald Trump, a sign of the challenges the party's presumptive presidential nominee faces rallying the Republican establishment behind his White House bid. Ryan, the sp
Published 07 May, 2016 12:00am
Colombia arrests big Panama drug-money suspect

Colombia arrests big Panama drug-money suspect

Colombian police arrested one of the heads of a prominent Panama business family listed by the United States as a major launderer of drug money, officials said Friday. Officers detained Nidal Ahmed Waked Hatum, 36, at Bogota airport after he arrived there
Published 07 May, 2016 12:00am
Abe meets Putin looking to warm ties despite island dispute

Abe meets Putin looking to warm ties despite island dispute

Japanese Prime Minister Shinzo Abe on Friday met Russian President Vladimir Putin in a rare visit by a G7 leader as the two sides sought to bolster ties and make progress on a decades-long territorial dispute. "Japan is not just our neighbour, it is a ver
Published 07 May, 2016 12:00am
Turkish editor says journalism on trial as court set to rule

Turkish editor says journalism on trial as court set to rule

A prominent Turkish newspaper editor said on Friday journalism was on trial as he gave his final defence against charges of revealing state secrets in a case that has drawn international criticism of the EU candidate's press freedom record. A verdict was
Published 07 May, 2016 12:00am
Moscow Formula E race cancelled

Moscow Formula E race cancelled

The Formula E race scheduled to take place in Moscow on June 4 has been cancelled, organisers announced on Friday. In a statement, organisers said the race in the Russian capital had been dropped "due to recent and unforeseen circumstances related to road
Published 07 May, 2016 12:00am
Brazil name youthful squad for Copa America

Brazil name youthful squad for Copa America

Brazil coach Dunga on Thursday named a youthful squad for the Copa America Centenario in the United States in June, with the country having one eye on the Rio de Janeiro Olympics in August. As announced last month, Barcelona superstar Neymar is not in the
Published 07 May, 2016 12:00am
Jung maintains Grand Slam bid with bold Badminton start

Jung maintains Grand Slam bid with bold Badminton start

Germany's Michael Jung kept himself on course to win three-day eventing's richest prize with a strong start at the Badminton horse trials in south-west England on Thursday. Any rider who wins consecutive titles at Burghley in England, the United States' K
Published 07 May, 2016 12:00am
Sri Lanka's Mathews no fan of points system

Sri Lanka's Mathews no fan of points system

Sri Lanka captain Angelo Mathews has questioned plans to introduce a points system for his side's upcoming tour of England. The proposal is, as happens with the women's Ashes, to aggregate the results of all the international fixtures this season between
Published 07 May, 2016 12:00am
Murray blows past Berdych into Madrid semis

Murray blows past Berdych into Madrid semis

Defending champion Andy Murray continued his serene passage into the Madrid Masters semi-finals by sweeping past eighth seed Tomas Berdych 6-3, 6-2 on Friday. Murray didn't even face a break point for the second consecutive match as he adjusted to the ind
Published 07 May, 2016 12:00am
Australia beat New Zealand 16-0 in scrappy Test

Australia beat New Zealand 16-0 in scrappy Test

A last-minute try by Blake Ferguson capped off Australia's 16-0 victory over New Zealand Friday, with a depleted Kiwi side ending their two-year winning streak against their trans-Tasman rivals. Australia managed to keep the pressure on despite losing Fij
Published 07 May, 2016 12:00am
Mehboob brothers qualify for FMC Men's Squash Championship

Mehboob brothers qualify for FMC Men's Squash Championship

Mehboob brothers on Friday qualified for the final of the 4th FMC International Men's Squash Championship 2016 after overpowering their respective opponents in the semi-finals played here at the Punjab Squash Complex. Experienced Farhan Mehboob utilized a
Published 07 May, 2016 12:00am
PCB-Pepsi Cricket: Stars U-16 tournament begins today

PCB-Pepsi Cricket: Stars U-16 tournament begins today

Pakistan Cricket Board (PCB) has announced the schedule of 'PCB-Pepsi Cricket Stars U-16 Two Day Tournament 2016' starting from 7 May, 2016 at Lahore, Karachi, Islamabad, Faisalabad, Multan and Gujranwala. As many as 16 regional teams will take part in th
Published 07 May, 2016 12:00am
Athletes can trust drug tests despite lab bans: WADA chief

Athletes can trust drug tests despite lab bans: WADA chief

With four laboratories under suspension the head of the World Anti-Doping Agency moved on Thursday to reassure jittery athletes that they can have confidence in testing protocols ahead of the Rio Olympics. Laboratories in Beijing, Lisbon and Bloemfontein
Published 07 May, 2016 12:00am
Mickey Arthur appointed new head coach of Pakistan cricket team

Mickey Arthur appointed new head coach of Pakistan cricket team

Former South African cricketer and coach for PSL's Karachi Kings, Mickey Arthur has been appointed as Pakistan cricket team's head coach. The post of head coach was left vacant after Waqar Younis resigned following Pakistan's dismal World Twenty20 perform
Published 07 May, 2016 12:00am
Nickel rebounds, market braced for more sales
Currency

Nickel rebounds, market braced for more sales

Nickel prices bounced on Friday as the dollar slid, but the market is braced for another sell-off by funds reversing bets on higher prices, with expectations of an oversupplied market adding to the pressure.
Published 07 May, 2016 12:00am
Tokyo rubber ends down

Tokyo rubber ends down

Benchmark Tokyo rubber futures ended down 2.1 percent on Friday, tracking declines in Shanghai futures during the three-day Golden Week holiday in Japan and as gains in the yen against the dollar weighed on sentiment, industry sources said.
Published 07 May, 2016 12:00am
Profit taking sparks sharp drop in soybeans; wheat, corn weaken

Profit taking sparks sharp drop in soybeans; wheat, corn weaken

US corn and soybean futures fell on Thursday, with soy dropping 2 percent, on profit-taking by investment funds looking to lock in gains from recent rallies. Wheat futures slid 1.8 percent to their lowest since mid-April, pressured by reports of strong cr
Published 07 May, 2016 12:00am
Palm oil falls after two sessions of gains

Palm oil falls after two sessions of gains

Malaysian palm oil futures closed marginally lower on Friday, posting their first drop in three sessions as falls in competing vegetable oils weighed, but found some support from industry data showing lower production and short-covering by traders. The pa
Published 07 May, 2016 12:00am
Raw sugar futures regain some ground after sell-off
Currency

Raw sugar futures regain some ground after sell-off

Raw sugar futures on ICE were higher on Friday as the market began to edge up again after the previous session's tumble from the strongest levels for 18 months. London cocoa futures were lower as the market extended its retreat from a 2016 peak set last F
Published 07 May, 2016 12:00am
Gold falls for fourth day in US trade

Gold falls for fourth day in US trade

Gold turned lower on Thursday, dropping for the fourth straight session on pressure from the firm US dollar ahead of Friday's US payrolls report, which will give clues about whether the Federal Reserve will soon raise interest rates. Spot gold was down 0.
Published 07 May, 2016 12:00am
Gold set for weekly decline in Asian trade

Gold set for weekly decline in Asian trade

Gold was set to post its biggest weekly decline in six weeks on Friday as the US dollar firmed ahead of the US non-farm payrolls report that could provide clues about the Federal Reserve's monetary policy. A strong payrolls number could prompt the Fed to
Published 07 May, 2016 12:00am
Global LNG: Pick-up in import demand anticipated after price slip

Global LNG: Pick-up in import demand anticipated after price slip

Traders anticipate more buying interest for liquefied natural gas (LNG) from importers including Japan and Argentina next week after Asian spot prices eased due to weak demand. LNG for June delivery in Asia traded at $4.55 per million British thermal unit
Published 07 May, 2016 12:00am
US MIDDAY: soybeans rally

US MIDDAY: soybeans rally

Chicago Board of Trade soybean futures rallied 2.6 percent on Friday, with the gains underpinned by concerns about the quality of the crop being harvested in Argentina, traders said. Soybeans closed at session highs but remained below Thursday's peak. Hea
Published 07 May, 2016 12:00am
US MIDDAY: gold jumps

US MIDDAY: gold jumps

Gold jumped 1 percent on Friday after US non-farm payrolls data for April came in weaker than expected, boosting expectations the Federal Reserve will delay further interest rate increases. Bullion prices pared gains later in the session as the US dollar
Published 07 May, 2016 12:00am
Oil up one percent as dollar softens; Brent in for big weekly loss

Oil up one percent as dollar softens; Brent in for big weekly loss

Oil prices edged up on Friday, supported by an early dip in the dollar and a wildfire that has shrunk Canadian oil sands crude output by a third, but Brent still ended with its sharpest weekly drop in four months as investors cashed out of April's big ral
Published 07 May, 2016 12:00am
Wapda implementing Warsak rehab plan

Wapda implementing Warsak rehab plan

The Pakistan Water and Power Development Authority (WAPDA) Chairman Zafar Mahmood visited Warsak Dam and Hydel Power Station located in Khyber and Mohmand agencies of the Federally Administered Tribal Areas (FATA) on Friday. He reviewed the matters relati
Published 07 May, 2016 12:00am
POF export orders reach $81 million, National Assembly body told

POF export orders reach $81 million, National Assembly body told

Chairman Pakistan Ordinance Factories (POF) Wah, Omer M Hayat briefed the National Assembly Standing Committee on Defence Production on Friday that the export orders reached to $81 million in current fiscal year against $25 million in last year. The commi
Published 07 May, 2016 12:00am
POF export orders reach $81 million, National Assembly body told

POF export orders reach $81 million, National Assembly body told

Chairman Pakistan Ordinance Factories (POF) Wah, Omer M Hayat briefed the National Assembly Standing Committee on Defence Production on Friday that the export orders reached to $81 million in current fiscal year against $25 million in last year. The commi
Published 07 May, 2016 12:00am
PPP-W asks Prime Minister to step down over Panama leaks

PPP-W asks Prime Minister to step down over Panama leaks

Pakistan Peoples' Party-Workers (PPP-W) on Friday demanded of the Prime Minister Nawaz Sharif to step down over Panama Papers leaks linking his family with offshore companies. "The PM should comprehend the escalating political situation and stop the polic
Published 07 May, 2016 12:00am
Bangladesh JI leader: Pakistan concerned over petition's dismissal

Bangladesh JI leader: Pakistan concerned over petition's dismissal

Pakistan on Friday expressed its deep concern and anguish on dismissal of review petition of Jamaat-e-Islami leader Motiur Rahman Niazami by Supreme Court of Bangladesh. "We have noted with deep concern and anguish the dismissal of the review application
Published 07 May, 2016 12:00am
PIAF urges government to announce 'realistic' budget

PIAF urges government to announce 'realistic' budget

Pakistan Industrial and Traders Associations Front (PIAF) has urged the government to announce a 'realistic' budget for the year 2016-17 to achieve economic targets. The PIAF Chairman Irfan Iqbal Sheikh and Senior Vice Chairman Tanveer Ahmed Sufi in their
Published 07 May, 2016 12:00am
LCCI proposes setting up of Friendship Park at Wagha border

LCCI proposes setting up of Friendship Park at Wagha border

Lahore Chamber of Commerce and Industry (LCCI) has proposed setting up of Friendship Park at Wagha Border to facilitate meetings between the Pakistani and Indian businessmen. While talking to Business Recorder, the convener of the LCCI Standing Com
Published 07 May, 2016 12:00am
PITB congratulates applicants selected under Hajj scheme

PITB congratulates applicants selected under Hajj scheme

Chairman Punjab Information Technology Board (PITB) Dr Umar Saif has congratulated the applicants selected under the government Haj Scheme 2016 through transparent computerized balloting conducted successfully by PITB devised Hajj Information Management S
Published 07 May, 2016 12:00am
LHCBA demands accountability of Prime Minister, family

LHCBA demands accountability of Prime Minister, family

The Lahore High Court Bar Association says it wants the accountability of the prime minister and his family following recent revelations in the Panama papers leaks. Nawaz Sharif himself calls the leaks the work of people "targeting me and my family for th
Published 07 May, 2016 12:00am
Shopkeeper killed dozens with 'revenge' sweets

Shopkeeper killed dozens with 'revenge' sweets

A sweet shop owner has confessed to fatally poisoning at least 30 people by lacing his goods with pesticide in an attempt to take revenge on his older brother, police told AFP Friday. Khalid Mehmood confessed in a court in central Punjab province that he
Published 07 May, 2016 12:00am
MQM's worker Nayyar Raza released

MQM's worker Nayyar Raza released

The Law Enforcement Agencies (LEA) on Friday released Muttahida Qaumi Movement (MQM) worker Nayyer Raza. According to sources, Nayyar Raza is a nominated candidate for party's Malir Town organizer and Malir Town chairman. The LEA had arrested him few days
Published 07 May, 2016 12:00am
Speakers for strict action against corrupt elements

Speakers for strict action against corrupt elements

Speakers at a seminar on 'saving an ailing state from the cancer of corruption' said that the Panama Leaks issue should not be left hanging and subjected to the culture of impunity of those in power. The seminar was organised by Pakistan Women's Foundatio
Published 07 May, 2016 12:00am
SBP denies issuing any press note on fake currency
Currency

SBP denies issuing any press note on fake currency

State Bank of Pakistan Friday categorically rejected the rumors and news item appearing in a section of press relating to circulation of counterfeit currency notes of denomination of Rs 500, Rs 1000, and Rs 5000 in the market by unscrupulous elements. The
Published 07 May, 2016 12:00am
Old design banknotes cease to be legal tender from December 1

Old design banknotes cease to be legal tender from December 1

As per federal government's Gazette Notification dated 4th June, 2015, the old design banknotes will cease to be legal tender from 1st December 2016. Therefore, State Bank of Pakistan has now decided to phase out all remaining old design banknotes of Rs 1
Published 07 May, 2016 12:00am
Sindh urges centre to finalise 9th NFC Award before budget

Sindh urges centre to finalise 9th NFC Award before budget

Sindh Minister for Finance, Planning & Development, Energy and Irrigation Syed Murad Ali Shah has urged the federal government to convene an immediate meeting of the 9th National Finance Commission (NFC) with an objective to finalise its recommendations b
Published 07 May, 2016 12:00am
Pre-tax profit in 2015: Bank of Punjab announces 75 percent growth

Pre-tax profit in 2015: Bank of Punjab announces 75 percent growth

A meeting of the Board of Directors of the Bank of Punjab (BoP) was held on Friday. During the meeting, audited financial statements of the bank for the year ended December 31, 2015 along with un-audited financial statements for 1st quarter of year 2016 e
Published 07 May, 2016 12:00am
Pre-tax profit in 2015: Bank of Punjab announces 75 percent growth

Pre-tax profit in 2015: Bank of Punjab announces 75 percent growth

A meeting of the Board of Directors of the Bank of Punjab (BoP) was held on Friday. During the meeting, audited financial statements of the bank for the year ended December 31, 2015 along with un-audited financial statements for 1st quarter of year 2016 e
Published 07 May, 2016 12:00am
PBIF chief says CoAS must continue until 2018

PBIF chief says CoAS must continue until 2018

Pakistan Businessmen and Intellectuals Forum (PBIF) President Mian Zahid Hussain has said that Chief of Army Staff General Raheel Sharif must continue to serve until 2018 to eliminate the menace of terrorism and lawlessness from country. He was of the vie
Published 07 May, 2016 12:00am
Availability of LNG cuts oil sales by five percent

Availability of LNG cuts oil sales by five percent

The industrialists and producers of electricity in the energy-starved Pakistan began replacing the costly furnace oil (FO) fuel with the imported Liquefied Natural Gas (LNG). Hence, the sale of motor gasoline (MOGAS) and high speed diesel (HSD) grew by 12
Published 07 May, 2016 12:00am
Pakistani stalls praised at UN Bazaar in New York

Pakistani stalls praised at UN Bazaar in New York

A range of Pakistani products, both food and merchandise, were on display and for sale on Wednesday at the annual United Nations International Bazaar held at UN Headquarters in New York. Braving cold weather and intermittent rain, a large number of people
Published 07 May, 2016 12:00am
Five BRA terrorists held in Kandhkot

Five BRA terrorists held in Kandhkot

The law enforcement agencies (LEAs) personnel on Friday arrested five terrorist of banned Baloch Republican Army (BRA) and recovered arms, explosives, hand grenades and detonators from their possession. DIG said that on an intelligence tipoff regarding pr
Published 07 May, 2016 12:00am
FFC vows to pass on benefits of feed-gas price rollback to farmers

FFC vows to pass on benefits of feed-gas price rollback to farmers

Fauji Fertilizer Company Limited, one of the largest fertilizer manufacturers in Pakistan, has vowed to pass on the benefits of roll back in fertilizer feed gas price by the government to the farmers in the shortest possible time with maximum efficiency.
Published 07 May, 2016 12:00am
Kashmir council elections: parties reach out to MLAs

Kashmir council elections: parties reach out to MLAs

Different political parties have started wooing Members of Azad Jammu and Kashmir Legislative Assembly for Kashmir Council elections which are scheduled to be held on May 15. The outgoing AJK Assembly is mandated to elect four members for the Kashmir Coun
Published 07 May, 2016 12:00am
Shaaban moon sighting today

Shaaban moon sighting today

The meetings of the Zonal / District Ruet-e-Hilal committees would be held on today (29 Rajab-ul-Murajab, 1437, Hijri) for sighting the crescent of Shaban-ul-Moazzam 1437 AH at their respective headquarters. An official of Religious Ministry told APP that
Published 07 May, 2016 12:00am
Jirga's decision: HRCP condemns girl's killing

Jirga's decision: HRCP condemns girl's killing

The Human Rights Commission of Pakistan (HRCP) has strongly condemned the brutal killing of a 16-year old girl following a jirga's decision to punish her for her supposed role in helping a couple find happiness together.
Published 07 May, 2016 12:00am
World Thalassemia Day tomorrow

World Thalassemia Day tomorrow

Public awareness about the genetic disease thalassemia has been the chief ingredient of the theme "access to safe and effective drugs in thalassamia" as countries worldwide, including Pakistan, are gearing up to mark the World Thalassemia Day 2016 on May
Published 07 May, 2016 12:00am
No incentive to local vendors: PAAPAM lashes out at government

No incentive to local vendors: PAAPAM lashes out at government

The auto parts manufacturers have criticised the government for not offering incentives to local vendors at par with Japanese Original Equipment Manufacturers (OEMs) in the auto policy. The Automobile Development Plan (ADP) 2016-21 was announced on March
Published 07 May, 2016 12:00am
Two terrorists involved in attack on traffic police held

Two terrorists involved in attack on traffic police held

The law enforcement agencies conducted an operation in Karachi's District Central on Friday and arrested two terrorists involved in attacks on traffic police officials. The arrested terrorists namely Fahim-ul-Haq and Ubaid, belong to banned Lashkar-e-Jhan
Published 07 May, 2016 12:00am
Lynching of girl: Prime Minister directs stern action against culprits

Lynching of girl: Prime Minister directs stern action against culprits

Prime Minister Muhammad Nawaz Sharif taking strict notices of burning alive of a teenager girl for honour in Abbottabad had directed the authorities concerned to take notice action those involved in the heinous crime. Responding to the calling attention n
Published 07 May, 2016 12:00am
Lack of quorum Opposition blocks passage of legislation in KP PA

Lack of quorum Opposition blocks passage of legislation in KP PA

Angry opposition in Khyber Pakhtunkhwa Friday blocked the passage of legislation by pinpointing the lack of quorum in the provincial assembly. The provincial government was determined to pass the Khyber Pakhtunkhwa Health Foundation Bill, 2016 from the ho
Published 07 May, 2016 12:00am
IESCO power shutdown schedule

IESCO power shutdown schedule

According to IESCO spokesman, due to electricity maintenance/development work the power supply of the following feeders / grid Stations would remain suspended as under:
Published 07 May, 2016 12:00am
PPAF organises workshops for teachers

PPAF organises workshops for teachers

The Pakistan Poverty Alleviation Fund (PPAF) in collaboration with Changes In Education (CIE) organized skills training workshops to teachers of Dera Ismail Khan Government Primary Schools, Middle Schools and Higher Secondary Schools under its Livelihood
Published 07 May, 2016 12:00am
'All TDPs to return home by 2016-end'

'All TDPs to return home by 2016-end'

Despite all the challenges the country is heading in a right direction adding that all TDPs from FATA will return their homes safe and sound by the end of this year. This was stated by Governor Khyber Pakhtunkhwa Iqbal Zafar Jhagra while addressing a cere
Published 07 May, 2016 12:00am
Country's economy witnesses impressive turnaround: Jilani

Country's economy witnesses impressive turnaround: Jilani

Pakistan's Ambassador to the United States Jalil Abbas Jilani said that Pakistan's economy has witnessed an impressive turnaround as a result of reforms. Speaking at the annual meeting of 20-20 Investment Association in New York, he said economic progress
Published 07 May, 2016 12:00am
Work on PIC's emergency block reviewed

Work on PIC's emergency block reviewed

The Punjab Institute of Cardiology (PIC) Chief Executive Officer Professor Nadeem Hayat Malik along with Medical Superintendent Dr Sohail Saqlain and Chairman Friends of PIC visited newly constructed emergency block of the institute. The representatives o
Published 07 May, 2016 12:00am
PCGA urges authorities to implement proposals
Cotton

PCGA urges authorities to implement proposals

The Central Executive Committee of Pakistan Cotton Ginners Association has passed a number of resolutions to press the authorities for implementation on the suggestions and proposals of PCGA otherwise ginning sector would be destroyed like CNG sector and
Published 07 May, 2016 12:00am
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