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Sep 21, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-06-01
US MIDDAY: wheat falls

US MIDDAY: wheat falls

US wheat futures sank 2.9 percent on Tuesday, on track for their biggest daily decline in four weeks as forecasts called for improving harvest conditions for the winter crop good weather for spring wheat development. "Drier weather begins to develop in th
Published 01 Jun, 2016 12:00am
US MIDDAY: gold gains ground

US MIDDAY: gold gains ground

Gold rose 1 percent early on Tuesday, rebounding from the prior session's three-and-a-half-month low, but remained on track for its biggest monthly decline since November on dollar strength and growing expectations of an imminent US interest rate hike. Sp
Published 01 Jun, 2016 12:00am
Renewables take wind out of Hungary-Russia nuclear project

Renewables take wind out of Hungary-Russia nuclear project

Falling energy costs, including from the rise of renewables, are making the controversial expansion of Hungary's sole nuclear plant with Russian reactors less viable, one of the country's energy chiefs said Monday. "Due to the development of renewable res
Published 01 Jun, 2016 12:00am
Hong Kong April retail sales fall for 14th straight month

Hong Kong April retail sales fall for 14th straight month

Hong Kong's retail sales fell for the 14th successive month in April, as a drop in tourists and weak local consumption deepened the pain for retailers in the city. Retail sales in April slid 7.5 percent from a year earlier to HK$35.2 billion ($4.5 billion
Published 01 Jun, 2016 12:00am
Canada first quarter economic pick-up disappoints, weakness seen ahead

Canada first quarter economic pick-up disappoints, weakness seen ahead

Canada's economic growth accelerated at a weaker pace than expected in the first three months of the year and lost momentum at the end of the quarter, boding poorly for a second quarter that is expected to be further impacted by Alberta's wildfires. Altho
Published 01 Jun, 2016 12:00am
Missed Rio payment 'credit negative' for all Brazilian states: Moody's

Missed Rio payment 'credit negative' for all Brazilian states: Moody's

Missed debt payments by Rio de Janeiro underscore credit risks facing all Brazilian states, adding to pressure on the federal government to offer more generous relief to struggling states, Moody's Investors Service said on Monday. Moody's analyst Paco Deb
Published 01 Jun, 2016 12:00am
Brazil posts primary budget surplus but record deficit on track

Brazil posts primary budget surplus but record deficit on track

Brazil had a steep primary budget surplus in April, beating market expectations and recovering from a deficit the previous month, but not nearly enough to avert an expected record shortfall this year. The country posted a public sector primary surplus of
Published 01 Jun, 2016 12:00am
New Zealand business confidence rises in May

New Zealand business confidence rises in May

Business sentiment in New Zealand rose in May, led by gains across all sectors, particularly construction, an ANZ Bank survey showed on Tuesday. The survey's headline measure showed a net 11.3 percent of respondents expect the economy to improve over the
Published 01 Jun, 2016 12:00am
Irish consumer sentiment slumps to 14-month low

Irish consumer sentiment slumps to 14-month low

Irish consumer sentiment slumped to its lowest level in over a year in May as optimism about Ireland's economic outlook deteriorated in the European Union's fastest growing economy, a survey showed on Tuesday. The KBC Bank Ireland/ESRI Consumer Sentiment
Published 01 Jun, 2016 12:00am
Great Plains to buy Westar for $8.6 billion

Great Plains to buy Westar for $8.6 billion

Great Plains Energy Inc, the owner of regulated power utility Kansas City Power & Light, will buy bigger rival Westar Energy Inc for $8.6 billion, the largest deal in the US electricity distribution market so far this year. Falling demand in both open and
Published 01 Jun, 2016 12:00am
Pharma sector set for wave of mergers, acquisitions: study

Pharma sector set for wave of mergers, acquisitions: study

The pharmaceuticals sector is facing an intensive period of mergers and acquisitions in the coming years, even if US firms Pfizer and Allergan recently failed to tie the knot, the corporate consultancy firm EY said Monday. "We're going to see a high level
Published 01 Jun, 2016 12:00am
Surging growth helps India retain fastest growing economy tag
Cotton

Surging growth helps India retain fastest growing economy tag

India gathered momentum from January to March to extend its lead as the world's fastest growing large economy, helping Prime Minister Narendra Modi craft an impressive sales pitch for meetings with investors in the United States next week. Having swept to
Published 01 Jun, 2016 12:00am
French firm in $500 million Libya oil contract

French firm in $500 million Libya oil contract

French firm Technip has signed a preliminary contract worth more than $500 million (557 million euros) to rebuild a major oil drilling platform off the coast of Libya, officials said Tuesday. Technip signed the letter of intention in Paris with Mellitah O
Published 01 Jun, 2016 12:00am
Modest inflation, improved lending give ECB breathing space

Modest inflation, improved lending give ECB breathing space

Eurozone prices fell less in May and corporate lending extended its recovery in April, data showed on Tuesday, giving the European Central Bank some arguments for keeping monetary policy on hold when it meets on Thursday. The ECB has embarked on a 1.74 tr
Published 01 Jun, 2016 12:00am
EU lost nearly 900 million euros to fraud in 2015

EU lost nearly 900 million euros to fraud in 2015

The European Union lost nearly 900 million euros last year to fraud, the bloc's anti-graft watchdog said on Tuesday. In its annual report, the EU's anti-fraud agency OLAF said it had detected an estimated 888 million euros ($991 million) in EU funds that
Published 01 Jun, 2016 12:00am
EU lost nearly 900 million euros to fraud in 2015

EU lost nearly 900 million euros to fraud in 2015

The European Union lost nearly 900 million euros last year to fraud, the bloc's anti-graft watchdog said on Tuesday. In its annual report, the EU's anti-fraud agency OLAF said it had detected an estimated 888 million euros ($991 million) in EU funds that
Published 01 Jun, 2016 12:00am
Iran seeks to amend post-sanctions oil contracts

Iran seeks to amend post-sanctions oil contracts

Iran's first vice president has asked Oil Minister Bijan Zanganeh to amend new petroleum contracts aimed at facilitating foreign investment in the post-sanctions era, a government website reported on Tuesday. "Thank you for your efforts to take critical v
Published 01 Jun, 2016 12:00am
VW profits whiplashed by 'dieselgate' scandal

VW profits whiplashed by 'dieselgate' scandal

Volkswagen suffered whiplash from a massive engine-rigging scandal as profits slumped in the first quarter, but the embattled German auto giant Tuesday insisted things were not as bad as they look. Volkswagen, which owns 12 brands in all, from VW to Audi,
Published 01 Jun, 2016 12:00am
VW profits whiplashed by 'dieselgate' scandal

VW profits whiplashed by 'dieselgate' scandal

Volkswagen suffered whiplash from a massive engine-rigging scandal as profits slumped in the first quarter, but the embattled German auto giant Tuesday insisted things were not as bad as they look. Volkswagen, which owns 12 brands in all, from VW to Audi,
Published 01 Jun, 2016 12:00am
German unemployment rate falls to record low in May

German unemployment rate falls to record low in May

German unemployment fell more than expected in May and the jobless rate sank to its lowest level in more than 25 years, boosting expectations that private consumption will continue to drive growth in Europe's biggest economy this year. The seasonally adju
Published 01 Jun, 2016 12:00am
US consumer spending increase strongest in over six years

US consumer spending increase strongest in over six years

US consumer spending recorded its biggest increase in more than six years in April as households stepped up purchases of automobiles, suggesting an acceleration in economic growth that could persuade the Federal Reserve to raise interest rates soon. Thoug
Published 01 Jun, 2016 12:00am
ME indexes diverge but end the month at a loss

ME indexes diverge but end the month at a loss

Share market indexes in the Middle East diverged on Tuesday, with Saudi Arabia's index outperforming peers as some positive news lifted shares, but all markets ended with losses for the month. Riyadh's index rebounded 1.4 percent, ending three sessions of
Published 01 Jun, 2016 12:00am
Indian shares down

Indian shares down

Indian shares edged down on Tuesday after five consecutive sessions of gains as investors took profits, but indexes were still up for a third straight month, outperforming all regional markets. The benchmark BSE index fell 0.22 percent to end at 26,667.96
Published 01 Jun, 2016 12:00am
Tokyo stocks rise
Currency

Tokyo stocks rise

Tokyo's benchmark index rose Tuesday, notching up its longest winning streak this year, as investors cheered at the growing likelihood Japan will delay a sales tax hike, while the yen's decline lifted exporters. Tokyo published lacklustre data earlier Tue
Published 01 Jun, 2016 12:00am
Hong Kong shares up

Hong Kong shares up

Hong Kong shares closed up 0.9 percent on Tuesday at their highest level in more than four weeks, tracking gains in Chinese stocks as investors bet that MSCI will add mainland shares to its index for the first time next month. The Hang Seng Index rose to
Published 01 Jun, 2016 12:00am
Southeast Asian stocks flat to lower

Southeast Asian stocks flat to lower

Southeast Asian stocks closed flat to lower on Tuesday as investors waited for cues from US inflation and employment data due this week, the two most important indicators for a "data-dependent" US Federal Reserve. Investors will also be keeping a keen eye
Published 01 Jun, 2016 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks fell on Tuesday in line with losses in overseas markets and on profit-taking after the main index hit highs not seen since late April in the previous session. Asian shares wobbled in early trade and were on track for a monthly loss. As of 02
Published 01 Jun, 2016 12:00am
China stocks post biggest rise in three months
Currency

China stocks post biggest rise in three months

Chinese shares posted their biggest daily gain in three months on Tuesday on growing expectations US market index provider MSCI could add mainland stocks to its emerging market benchmark for the first time. The CSI300 index of the largest listed companies
Published 01 Jun, 2016 12:00am
European shares fall but mark third month of gains

European shares fall but mark third month of gains

European shares fell on Tuesday, hit by weakness among banking stocks and Volkswagen, whose shares retreated after the carmaker reported first-quarter earnings. The pan-European STOXX 600 and FTSEurofirst 300 indexes both closed down around 0.8 percent, a
Published 01 Jun, 2016 12:00am
Sri Lankan shares at over one-month low

Sri Lankan shares at over one-month low

Sri Lankan shares edged down on Tuesday as investors sold banking and large cap stocks amid lack of new catalysts for buying risky assets, and on concerns over foreign investment outflows and rising interest rates. The benchmark Colombo stock index ended
Published 01 Jun, 2016 12:00am
Nigeria stocks post biggest daily fall in 16 months on FX risk
Currency

Nigeria stocks post biggest daily fall in 16 months on FX risk

Nigerian stocks posted their biggest daily decline in 16 months on Monday as investors waiting for clarity on a new central bank currency policy sold shares to book profits after a recent rally. The All Share Index closed down 4.26 percent, its biggest dr
Published 01 Jun, 2016 12:00am
Australian shares down

Australian shares down

Australian shares ended lower on Tuesday, lacking direction due to the absence of impetus from the United States, where markets were closed for a public holiday on Monday. The S&P/ASX 200 index ended down 0.54 percent, or 29.417 points at 5378.600 New Zea
Published 01 Jun, 2016 12:00am
FTSE snaps three-month winning streak as Brexit poll weighs

FTSE snaps three-month winning streak as Brexit poll weighs

Britain's top share index broke a three-month streak of gains after the results of a telephone poll showed British voters were favouring a vote to leave the European Union in a June 23 referendum. The FTSE 100 index was down 0.6 percent at 6,230.79 points
Published 01 Jun, 2016 12:00am
Yuan posts second biggest monthly fall
Currency

Yuan posts second biggest monthly fall

The yuan posted its second largest monthly fall on record against the dollar on Tuesday after the central bank softened its midpoint to a 5-year low amid growing expectations of a US interest rate hike as soon as June. The yuan ended May 1.6 percent lower
Published 01 Jun, 2016 12:00am
Dollar index near two-month high in Asia
Currency

Dollar index near two-month high in Asia

The dollar hovered near its highest level in two months against a basket of currencies on Tuesday on growing expectations of an imminent US interest rate hike, while the Australian dollar jumped on surprising strong local economic data. The dollar's index
Published 01 Jun, 2016 12:00am
Early trade in New York: Dollar mostly flat

Early trade in New York: Dollar mostly flat

The US dollar was mostly flat against a basket of major currencies on Tuesday after US economic data failed to support expectations for a June or July Federal Reserve interest rate hike. The dollar index, which measures the greenback against a basket of s
Published 01 Jun, 2016 12:00am
Dollar edges higher against basket of currencies in Europe
Currency

Dollar edges higher against basket of currencies in Europe

The dollar edged towards a two-month high against a basket of currencies on Tuesday and was on track for its strongest month in six, as expectations grew that US interest rates will rise in the coming months. Against the yen, the dollar was heading for it
Published 01 Jun, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Tuesday. 78.40-78.40 (previous 78.40-78.40).
Published 01 Jun, 2016 12:00am
Asian currencies largely up
Currency

Asian currencies largely up

Emerging Asian currencies were largely up on Tuesday though most regional units were set to post losses in May, dragged by expectations of an imminent US interest rate hike with the Chinese yuan on course for the worst month since Beijing's surprise deval
Published 01 Jun, 2016 12:00am
Sri Lankan rupee forwards recover
Currency

Sri Lankan rupee forwards recover

Sri Lankan rupee forwards ended steady on Tuesday as late dollar sales by a state bank offset importer demand for the greenback, dealers said. Fears that the rupee would weaken further if the government increased spending to deal with the country's worst
Published 01 Jun, 2016 12:00am
Sterling slides

Sterling slides

Sterling fell to a one-week low on Tuesday, hurt by month-end selling and polls showing support for those who want Britain to leave the European Union is rising, adding to growing uncertainty about the June 23 membership referendum. A telephone poll condu
Published 01 Jun, 2016 12:00am
Aussie, kiwi rise

Aussie, kiwi rise

The Australian dollar rebounded from three-month lows and bond prices fell on Tuesday following encouraging economic data, dragging the New Zealand dollar higher. Yet, both currencies were on track with hefty monthly losses. The Australian dollar bounced
Published 01 Jun, 2016 12:00am
Messi absent as his tax fraud trial opens

Messi absent as his tax fraud trial opens

The trial of Argentina star Lionel Messi on tax fraud charges opened Tuesday in Spain in his absence just days before Argentina's first match in the Copa America against Chile. Messi, 28, and his father, Jorge Horacio Messi, are accused of using a chain o
Published 01 Jun, 2016 12:00am
No corruption in Australian Open match: TIU

No corruption in Australian Open match: TIU

No evidence of corruption was found following an investigation into a mixed doubles match at this year's Australian Open, the Tennis Integrity Unit (TIU) said on Tuesday. A probe was launched after suspicious betting patterns were reportedly spotted durin
Published 01 Jun, 2016 12:00am
Players blast French Open over rain play, Djokovic faces epic stretch

Players blast French Open over rain play, Djokovic faces epic stretch

Top 10 stars Agnieszka Radwanska and Simona Halep blasted French Open organisers Tuesday for forcing them to compete in pouring rain as Novak Djokovic was left facing a four-day epic playing stretch. Radwanska, the second seed, and sixth seed Halep both l
Published 01 Jun, 2016 12:00am
Punjab varsity athletes to take part in Asian contest

Punjab varsity athletes to take part in Asian contest

The Punjab University's two athletes are participating in the Junior Asian Athletics Championship to be held in Vietnam. Athletes Muhammad Laiq and Muhammad Yasir, who will take part in the 100-metre race and javelin throw competitions, met the vice-chanc
Published 01 Jun, 2016 12:00am
Football summer camp begins in Lahore

Football summer camp begins in Lahore

Promising footballers of Lahore will show their skills when the 12th Model Town Football Academy summer camp for boys and girls will begin at its ground in Model Town today (Wednesday). "As a footballer, the best I can do for the youth in Pakistan is to g
Published 01 Jun, 2016 12:00am
US warns Euro 2016 soccer possible terror target

US warns Euro 2016 soccer possible terror target

The United States warned its citizens Tuesday that this summer's Euro 2016 soccer tournament and related events across France and Europe will present "potential targets for terrorists." The month-long European Championship finals start in Paris on June 10
Published 01 Jun, 2016 12:00am
Yorkshire coach Gillespie rules out Australia role

Yorkshire coach Gillespie rules out Australia role

Yorkshire coach Jason Gillespie has confirmed he will stay with the English county champions instead of applying for a position on Australia's backroom staff. Gillespie met Australia coach Darren Lehmann this week and it is believed his former internation
Published 01 Jun, 2016 12:00am
Swat win overall karate championship

Swat win overall karate championship

Swat Region clinched the trophy after securing 80 points in the Malakand Division Full Body Contact Karate Championship organised jointly by KP Full Body Contact Karate Association and Shin Kou Shin Kai at Shadara Indoor Hall, District Swat on Tuesday.
Published 01 Jun, 2016 12:00am
Shandur Polo Festival from July 15

Shandur Polo Festival from July 15

The Tourism Corporation Khyber Pakhtunkhwa (TCKP) on Tuesday decided to organise the upcoming three-day Shandur Polo Festival from July 15 to 17th 2016. The Chitral Scouts and the district administration Chitral had requested the TCKP to bring the schedul
Published 01 Jun, 2016 12:00am
WADA Russia probe cost $1.5m

WADA Russia probe cost $1.5m

The World Anti-Doping Agency's incoming director general on Tuesday called for more money in the fight against sports cheats and revealed its investigation into what has been called a Russian state-sponsored doping programme cost $1.5m. Olivier Niggli, wh
Published 01 Jun, 2016 12:00am
Fearsome 'Gabbatoir' retains Test status

Fearsome 'Gabbatoir' retains Test status

Brisbane's Gabba ground will host Test cricket for at least another three years, it was announced Tuesday, in daunting news for teams visiting Australia. Cricket Australia said a deal had been reached to play a Test annually at the venue until the end of
Published 01 Jun, 2016 12:00am
Anderson replaces Broad atop Test bowler rankings

Anderson replaces Broad atop Test bowler rankings

James Anderson has become the world's number one ranked Test bowler for the first time in his career after moving above England new-ball partner Stuart Broad in the latest International Cricket Council standings. Anderson, England's all-time leading wicke
Published 01 Jun, 2016 12:00am
Sri Lanka's Eranga reported for suspect action

Sri Lanka's Eranga reported for suspect action

Sri Lanka fast bowler Shaminda Eranga has been reported for a suspect bowling action, the International Cricket Council said Tuesday, adding to their woes after they lost the Test series to England. Concerns about the 29-year-old's action emerged during t
Published 01 Jun, 2016 12:00am
Philippines' Duterte calls China's Xi 'great president'

Philippines' Duterte calls China's Xi 'great president'

Incoming Philippine leader Rodrigo Duterte on Tuesday described China's Xi Jinping "a great president", in another hint that frosty relations between the Asian neighbours could soon warm. Duterte heaped the praise on Xi in a news conference in response to
Published 01 Jun, 2016 12:00am
Top North Korea official visits China in bid to mend ties

Top North Korea official visits China in bid to mend ties

A top North Korean official made a rare visit to China on Tuesday in an apparent attempt by Pyongyang to mend frayed ties with its powerful neighbour. China is North Korea's largest trading partner and has been its key diplomatic protector for decades. Bu
Published 01 Jun, 2016 12:00am
South Korea says North fails with attempted missile launch

South Korea says North fails with attempted missile launch

North Korea apparently failed with an attempted missile launch Tuesday, the latest in a series of setbacks for a ballistic weapons programme that aspires to threaten the US mainland. South Korea's defence ministry detected the dawn launch effort, which Ja
Published 01 Jun, 2016 12:00am
Iraqi forces face tough IS resistance on Fallujah fringes

Iraqi forces face tough IS resistance on Fallujah fringes

Iraqi forces faced tough resistance from the Islamic State group Tuesday as they attempted to enter the centre of Fallujah, where there were mounting fears for thousands of trapped civilians. A day after announcing a push into the jihadist stronghold, for
Published 01 Jun, 2016 12:00am
Ten dead as Biafra anniversary turns bloody

Ten dead as Biafra anniversary turns bloody

At least 10 people were killed during protests by pro-Biafra campaigners as they marked the anniversary of the start of Nigeria's civil war, police said on Tuesday. Activists wanting a separate state for the Igbo people in the south-east were commemoratin
Published 01 Jun, 2016 12:00am
New Yemen clashes kill 38 rebels, loyalists

New Yemen clashes kill 38 rebels, loyalists

Renewed clashes between pro-government forces and Iran-backed rebels killed at least 38 people in Yemen during the past 24 hours, loyalist military sources said on Tuesday. The latest fighting comes despite an ongoing cease-fire and UN-brokered peace talk
Published 01 Jun, 2016 12:00am
Trump calls US journalist 'a sleaze'

Trump calls US journalist 'a sleaze'

Donald Trump on Tuesday called an American journalist "a sleaze" during a combative press conference in which he defended his record on supporting veterans, saying he raised $5.6 million for charities on the campaign trail. "You're a sleaze," said the pre
Published 01 Jun, 2016 12:00am
Hamas executes three in Gaza

Hamas executes three in Gaza

Hamas authorities in the Gaza Strip executed three Palestinian men for murder on Tuesday, the attorney general said, drawing condemnation from the United Nations. The three, who were not named and whose cases were unrelated, were put to death by firing sq
Published 01 Jun, 2016 12:00am
Torrential downpours wreak havoc in north Europe

Torrential downpours wreak havoc in north Europe

Torrential downpours have lashed parts of northern Europe in recent days, leaving four dead in Germany, breaching the banks of the Seine in Paris and flooding rural roads and villages. In Paris, the French Open tennis tournament was hit for a second day b
Published 01 Jun, 2016 12:00am
Taliban kill 16 bus passengers in Afghanistan

Taliban kill 16 bus passengers in Afghanistan

The Taliban killed at least 16 people Tuesday and kidnapped dozens of others after pulling them off buses in northern Afghanistan, officials said, the latest assault since the insurgents named a new leader last week. The Taliban claimed they were targetin
Published 01 Jun, 2016 12:00am
UK, Germany unite for WWI Battle of Jutland centenary

UK, Germany unite for WWI Battle of Jutland centenary

Leaders from Britain and Germany stood together in a remote, windswept cemetery in Scotland's Orkney Islands on Tuesday, exactly 100 years on from the Battle of Jutland, the biggest naval battle of World War I. British Prime Minister David Cameron and Ger
Published 01 Jun, 2016 12:00am
UNICEF to step up aid to migrant children in Greece

UNICEF to step up aid to migrant children in Greece

UN children's agency UNICEF on Tuesday said it would scale up operations in Greece to support 22,000 migrant children, a tenth of them unaccompanied. The decision was announced after singer Nana Mouskouri, a UNICEF goodwill ambassador, visited migrant fac
Published 01 Jun, 2016 12:00am
Ex-Miss Turkey guilty of 'insulting Erdogan'

Ex-Miss Turkey guilty of 'insulting Erdogan'

A court on Tuesday found a former Miss Turkey beauty queen guilty of insulting President Recep Tayyip Erdogan on social media, handing her a suspended sentence of over one year in jail. The Istanbul court sentenced model Merve Buyuksarac, 27, to one year
Published 01 Jun, 2016 12:00am
More than 45 million trapped in modern slavery

More than 45 million trapped in modern slavery

More than 45 million men, women and children globally are trapped in modern slavery, far more than previously thought, with two-thirds in the Asia-Pacific, a study showed Tuesday. The details were revealed in the 2016 Global Slavery Index, a research repo
Published 01 Jun, 2016 12:00am
Drone strike widens Pak-US trust deficit

Drone strike widens Pak-US trust deficit

The death of Taliban chief Mullah Akhtar Mansour in a US drone attack on May21 has not only complicated the Afghan peace process but widened the trust deficit between Pakistan and the United States, officials said. Background discussions with diplomats an
Published 01 Jun, 2016 12:00am
Panama Papers: parliamentary panel fails to make progress

Panama Papers: parliamentary panel fails to make progress

The deadlock between opposition and government is still persists, as meeting of the 12-member parliamentary committee working on framing terms of reference for holding probe into Panama leaks ended on Tuesday without a breakthrough. At the outset of the m
Published 01 Jun, 2016 12:00am
National Refinery Limited

National Refinery Limited

National Refinery Limited (PSX: NRL) was incorporated on August 19, 1963 as a public limited company. The government took over the management of NRL under the Economic Reforms Order, 1972 exercising control through its shareholding in State Petroleum Refi
Published 01 Jun, 2016 12:00am
National Refinery Limited

National Refinery Limited

National Refinery Limited (PSX: NRL) was incorporated on August 19, 1963 as a public limited company. The government took over the management of NRL under the Economic Reforms Order, 1972 exercising control through its shareholding in State Petroleum Refi
Published 01 Jun, 2016 12:00am
Horticulture sector: FPCCI for special incentives for GB in budget

Horticulture sector: FPCCI for special incentives for GB in budget

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) demanded the special incentives for horticulture sector of Gilgit-Baltistan in upcoming budget. The demand was made by Chairman Regional Standing Committee, FPCCI Ahmad Jawad while speaking
Published 01 Jun, 2016 12:00am
20 percent cut in urea price: MoF weighs different options

20 percent cut in urea price: MoF weighs different options

The Ministry of Finance has reportedly started working on reducing price of urea by 20 percent or Rs 350 per bag in federal budget 2016-17 in the light of directions given by Prime Minister Nawaz Sharif, well-informed sources told Business Recorder
Published 01 Jun, 2016 12:00am
10 power culprits apprehended during IESCO raids

10 power culprits apprehended during IESCO raids

Islamabad Electric Supply Company (IESCO) apprehended 10 electricity thieves upon the special directives of Chief Executive Officer Dr. Rana Abdul Jabbar Khan in different areas of IESCO Region. According to the details 04 culprits were caught red handed
Published 01 Jun, 2016 12:00am
Delegation of Federal Ombudsman's Secretariat calls on CJP

Delegation of Federal Ombudsman's Secretariat calls on CJP

A delegation of Federal Ombudsman's Secretariat headed by M Salman Faruqui, Wafaqi Mohtasib-i-Aala, called on the Chief Justice of Pakistan Justice Anwar Zaheer Jamali at Supreme Court Islamabad on Tuesday and presented reports on prison, police stations
Published 01 Jun, 2016 12:00am
Fourth US-Pak Business Conference in New York from June 2

Fourth US-Pak Business Conference in New York from June 2

Following the successful conferences in London and Dubai, and Islamabad, the US Government is scheduled to host fourth US - Pak Business Opportunities Conference in New York on June 2-4. The conference will identify trade and investment opportunities betw
Published 01 Jun, 2016 12:00am
Ramazan package to be announced today

Ramazan package to be announced today

Minister for Industries and Production (MoI&P) Ghulam Murtaza Khan Jatoi is to announce Ramazan Relief Package 2016 on Wednesday (today) according to which subsidy of Rs 1.4 billion will be extended on 18 items to be available at USC outlets across Pakist
Published 01 Jun, 2016 12:00am
Meritorious students given cash awards

Meritorious students given cash awards

Twenty meritorious students of the University College for Boys, University of Peshawar (UoP) were given cash awards of rupees 20 thousand each in a ceremony held at the college conference hall. Vice Chancellor UoP Prof Dr Muhammad Rasul Jan was the chief
Published 01 Jun, 2016 12:00am
By-polls in Sindh: Army, Rangers to be deployed: ECP

By-polls in Sindh: Army, Rangers to be deployed: ECP

The Election Commission of Pakistan (ECP) on Tuesday decided to deploy Army and Rangers both inside and outside of the polling stations in bye-election of different constituencies of the Sindh Assembly. Letters have been sent to the secretaries Interior a
Published 01 Jun, 2016 12:00am
Rajputana Hospital to start liver transplant facility

Rajputana Hospital to start liver transplant facility

The management of Rajputana Hospital has decided to introduce the facility of liver transplant. It was announced at a seminar on liver transplant, organised by the management of Rajputana Hospital Hyderabad here the other day which followed by free outdoo
Published 01 Jun, 2016 12:00am
SECP organises seminar on VPS for HR professionals

SECP organises seminar on VPS for HR professionals

The Securities and Exchange Commission of Pakistan (SECP) under its investor awareness initiative conducted a seminar on Voluntary Pension System (VPS) at a local hotel for the senior HR professionals of the corporate sector. The SECP chairman in his mess
Published 01 Jun, 2016 12:00am
'Oxford Dictionary Week' begins

'Oxford Dictionary Week' begins

The Oxford Dictionary Week is being celebrated in the country. An official of the Oxford University Press (OUP), Pakistan, said here on Tuesday that the celebrations would continue till June 5. On the occasion, the Oxford dictionaries have been put on dis
Published 01 Jun, 2016 12:00am
'Whereabouts of missing KDA official still not known'

'Whereabouts of missing KDA official still not known'

After the police failed to recover Karachi Development Authority's (KDA) Head of Anti-Encroachment cell Jamil Baloch, Rangers officials have denied reports that the missing KDA official was in their custody. During the hearing of the Jamil Baloch Disappea
Published 01 Jun, 2016 12:00am
Navy conducts 'Tahaffuz-e-Sahil' exercise

Navy conducts 'Tahaffuz-e-Sahil' exercise

Pakistan Navy conducted Coastal Security Exercise, code named "Tahaffuz-e-Sahil" at Karachi Port Complex to check the efficacy of security mechanism in place at Karachi Port and associated infrastructure against any Maritime terrorist threat. A press rele
Published 01 Jun, 2016 12:00am
Blast near Chinese engineer's vehicle: case registered

Blast near Chinese engineer's vehicle: case registered

The case of explosion near Chinese engineer's vehicle in Gulshan-e-Hadeed area of Karachi was registered at the CTD Garden Police Station on Monday. Provisions of anti-terrorism and attempted murder were included in the case. Chinese engineer and his driv
Published 01 Jun, 2016 12:00am
BankIslami signs pact with Akhuwat

BankIslami signs pact with Akhuwat

BankIslami Pakistan has signed an agreement with Akhuwat Foundation, an Interest free Micro-finance NGO. Under the agreement, BankIslami will provide Cash Management solutions to Akhuwat for the distribution of Qarz-e-Hasna Scheme (Interest Free Loans). L
Published 01 Jun, 2016 12:00am
Sindh health department: CJP expresses dismay over merit violation

Sindh health department: CJP expresses dismay over merit violation

Resuming the hearing of a suo motu case about 279 illegal appointments in Health Department of the Sindh province on Tuesday, Chief Justice Anwar Zaheer Jamali expressed dismay over the merit violation in the matter. A three-member judge bench led by Chie
Published 01 Jun, 2016 12:00am
Pakistan Investment Conference attracts huge interest

Pakistan Investment Conference attracts huge interest

JS Global Capital Limited - Pakistan's premier and one of the largest Brokerage & Investment Banking firms has successfully concluded the Pakistan Investment Conference (PIC) 2016 in London.
Published 01 Jun, 2016 12:00am
Pakistan Investment Conference attracts huge interest

Pakistan Investment Conference attracts huge interest

JS Global Capital Limited - Pakistan's premier and one of the largest Brokerage & Investment Banking firms has successfully concluded the Pakistan Investment Conference (PIC) 2016 in London.
Published 01 Jun, 2016 12:00am
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