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Nov 28, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-06-09
Australian dollar surges in New York

Australian dollar surges in New York

The Australian dollar strengthened on Tuesday after the Reserve Bank of Australia kept interest rates on hold and hinted it was in no hurry to ease monetary policy further on signs of reasonably strong economic growth. Sterling recovered further from thre
Published 09 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 Wednesday. 78.40-78.40 (previous 78.40-78.40).
Published 09 Jun, 2016 12:00am
China's yuan up

China's yuan up

The yuan edged up against the dollar on Wednesday on position adjustments ahead of the holiday weekend and due to a weakening dollar, with traders playing down soft export data. The People's Bank of China set the midpoint rate at 6.5593 per dollar prior t
Published 09 Jun, 2016 12:00am
Soft dollar supports Asia FX
Currency

Soft dollar supports Asia FX

Most emerging Asian currencies rose on Wednesday as traders continued to unwind bearish bets on the US dollar's weakness, while some investors focused on better-than-expected Chinese import data. The South Korean won, the Taiwan dollar and the Indonesian
Published 09 Jun, 2016 12:00am
Sri Lankan rupee forwards weaken
Currency

Sri Lankan rupee forwards weaken

Sri Lankan rupee forwards ended slightly weaker on Wednesday as importer dollar demand outpaced greenback conversions by exporters and banks, while the spot currency was actively traded for the first time in nearly five months, dealers said. The dollar/ru
Published 09 Jun, 2016 12:00am
Sterling rises briefly
Currency

Sterling rises briefly

Sterling rose briefly to hit Wednesday's high after data showed industrial output in Britain grew at its fastest pace in nearly four years in April, beating forecasts and wrong-footing investors who had positioned for a weak number. It gave up those gains
Published 09 Jun, 2016 12:00am
Aussie, kiwi stay up
Currency

Aussie, kiwi stay up

The Australian and New Zealand dollars held near one-month peaks on Wednesday, buoyed by monetary policy expectations and higher commodity prices such as iron ore. The Australian dollar edged down to $0.7448, within reach of a peak of $0.7465 on Tuesday.
Published 09 Jun, 2016 12:00am
Pakistan's Diana hunts for glory in cricket - and football

Pakistan's Diana hunts for glory in cricket - and football

Diana Baig shifts restlessly in her seat, checking her watch every few seconds at an awards ceremony after leading her cricket team to victory. Soon she has to play a football match at another venue, and time is ticking. Baig is no stranger to the pressur
Published 09 Jun, 2016 12:00am
Iran goalkeeper suspended

Iran goalkeeper suspended

Iran international goalkeeper Sosha Makani has been suspended for six months for "inappropriate" conduct, including the wearing of what media have dubbed "SpongeBob trousers", ISNA news agency reported on Wednesday. The Iranian football federation's moral
Published 09 Jun, 2016 12:00am
South Africa win

South Africa win

South Africa defeated Australia by 47 runs in the third match of the Tri-Nation One-Day International series at the Guyana National Stadium on Tuesday. Earlier, Australia's pace and suffocating aggression limited South Africa to 189 for nine. Only Farhaan
Published 09 Jun, 2016 12:00am
Ford backs Perera to end exile at Lord's

Ford backs Perera to end exile at Lord's

Sri Lanka coach Graham Ford believes Kusal Perera can put more than six months without cricket behind him to make a dramatic Test return against England at Lord's on Thursday. The 25-year-old wicket-keeper batsman was suspended from all cricket during Sri
Published 09 Jun, 2016 12:00am
South Africa agree to day-night Test

South Africa agree to day-night Test

South Africa have overcome their reservations and agreed to play a day-night pink ball Test against Australia in Adelaide this year, cricket chiefs announced Wednesday. Australia unveiled plans for day-night Tests against South Africa and Pakistan in Apri
Published 09 Jun, 2016 12:00am
PU swimmer sets new record

PU swimmer sets new record

Punjab University's swimmer Samiullah has set a new record in All Pakistan Inter-Universities Swimming Championship 2015-16 organised by Sports Board Punjab by getting thirteen gold medals in 19 events. Samiullah, who is student of Institute of Administra
Published 09 Jun, 2016 12:00am
Cook wants life bans for fixers but will face Aamir

Cook wants life bans for fixers but will face Aamir

England captain Alastair Cook said on Wednesday he wants all cricketers found guilty of match-fixing to be banned for life, but that he would be prepared to face Pakistan fast bowler Mohammad Amir. Left-arm quick Aamir is in line to make his Test return -
Published 09 Jun, 2016 12:00am
Former Nigeria coach Keshi dies

Former Nigeria coach Keshi dies

Nigeria's President Muhammadu Buhari on Wednesday led tributes to former Super Eagles player and coach Stephen Keshi, who died of a suspected heart attack at the age of 54. "Nigeria today lost a great sportsman, football player, coach and citizen," Buhari
Published 09 Jun, 2016 12:00am
Angry Sharapova will appeal two-year doping ban

Angry Sharapova will appeal two-year doping ban

Russian superstar Maria Sharapova was on Wednesday handed a two-year doping ban but insisted she will appeal the suspension which could effectively end one of sport's most celebrated careers. Sharapova, 29, tested positive for the controversial banned med
Published 09 Jun, 2016 12:00am
Fourth Islamist militant shot dead in Bangladesh

Fourth Islamist militant shot dead in Bangladesh

Bangladesh police shot dead an Islamist militant Wednesday, the fourth killed since a crackdown was launched against suspected jihadists blamed for a wave of gruesome killings, an officer said. The 25-year-old militant was killed during a gun battle with
Published 09 Jun, 2016 12:00am
Kazakh president orders 'strictest punishment' over deadly attacks

Kazakh president orders 'strictest punishment' over deadly attacks

President Nursultan Nazarbayev on Wednesday demanded "the strictest punishment" be meted out to the perpetrators of deadly attacks in a city in the heart of Kazakhstan's oil belt. Gunmen went on the rampage in the city of Aktobe near the Russian border on
Published 09 Jun, 2016 12:00am
Four dead in Turkey bombing blamed on Kurdish rebels

Four dead in Turkey bombing blamed on Kurdish rebels

Four people including a pregnant policewoman were killed in a car bombing Wednesday in Kurdish majority south-eastern Turkey, a day after a deadly attack hit mega city Istanbul. Both bombings targeted Turkish police and have been blamed on Kurdish rebels
Published 09 Jun, 2016 12:00am
Rebel fighters roll back IS in northern Syria

Rebel fighters roll back IS in northern Syria

Syrian rebels reopened a vital supply line by capturing two villages Wednesday from the Islamic State group as it came under pressure on a range of fronts in Syria and Iraq. IS has controlled large areas of both countries since declaring its self-styled "
Published 09 Jun, 2016 12:00am
China says US 'hyping' spy plane intercept

China says US 'hyping' spy plane intercept

Beijing accused Washington of "hype" on Wednesday after the US said two Chinese jets conducted an unsafe intercept of one of its spy planes over the East China Sea. The spat came soon after the world's two largest economies concluded an annual dialogue ov
Published 09 Jun, 2016 12:00am
Erdogan approves lifting of MPs' immunity

Erdogan approves lifting of MPs' immunity

Turkish President Recep Tayyip Erdogan has signed into law a reform lifting immunity for lawmakers, his office said, in a move critics believe is aimed at evicting pro-Kurdish MPs from parliament. Erdogan's approval came late Tuesday, less than a month af
Published 09 Jun, 2016 12:00am
Asylum requests rise by fifth in France

Asylum requests rise by fifth in France

France saw an 18-percent rise in asylum requests in the first five months of the year, but numbers were down from a peak at the end of 2015, migration officials said Wednesday. Pascal Brice, the head of the French Office for the Protection of Refugees (OF
Published 09 Jun, 2016 12:00am
Hollande eludes Ibrahimovic tax tackle

Hollande eludes Ibrahimovic tax tackle

French François Hollande will not be taking up an offer by Swedish striker Zlatan Ibrahimovic's to boost his popularity, the government's spokesman said Wednesday. "Football sometimes bestows much ambition but in a great democracy things are sometimes rat
Published 09 Jun, 2016 12:00am
Eritrean leaders guilty of crimes against humanity: UN probe

Eritrean leaders guilty of crimes against humanity: UN probe

Eritrea's government is guilty of committing crimes against humanity since independence a quarter-century ago with up to 400,000 people "enslaved", and should face international justice, a UN probe said Wednesday. The United Nations Commission of Inquiry
Published 09 Jun, 2016 12:00am
Afghanistan bans media's use of drone cameras

Afghanistan bans media's use of drone cameras

Afghan authorities on Wednesday banned media companies from using drone cameras, citing security concerns in a country wellknown for the rampant use of unmanned military aircraft. "The interior ministry respectfully announces to all national and internati
Published 09 Jun, 2016 12:00am
Taliban kill 12 Afghans, abduct 40 others

Taliban kill 12 Afghans, abduct 40 others

Afghan authorities Wednesday recovered bullet-ridden bodies of 12 security officials recently captured by the Taliban in eastern Ghazni province, while gunmen kidnapped 40 others in the country's north as the insurgency escalates. The violence underscores
Published 09 Jun, 2016 12:00am
One killed in Poland crash during Nato exercises

One killed in Poland crash during Nato exercises

A Polish motorist died Wednesday after crashing into a United States military truck on a motorway in western Poland, where large-scale Nato war games are underway. "The car's driver died while the passenger was injured," said Wojciech Kaliszczak, a spokes
Published 09 Jun, 2016 12:00am
South Africa rebukes US, Britain over 'terror' alert

South Africa rebukes US, Britain over 'terror' alert

The South African government reacted angrily Wednesday to warnings by the United States and Britain about possible imminent "terrorist" attacks by Islamic extremists in the country's major cities. Without naming the countries, a strongly-worded statement
Published 09 Jun, 2016 12:00am
Russia to set up joint air defence system with former Soviet allies

Russia to set up joint air defence system with former Soviet allies

Russia is working on setting up a joint air defence system with all of its ex-Soviet military allies, a senior official said Wednesday. "The merger of regional air defence systems will pave the way for creating a common air defence (system) over the entir
Published 09 Jun, 2016 12:00am
Bulgaria warns Russia trying to 'destroy' EU

Bulgaria warns Russia trying to 'destroy' EU

Bulgarian President Rosen Plevneliev on Wednesday warned that Russia was out to "destroy" the European Union as the Ukraine crisis ushered in an era of "Cold Peace". Staunchly pro-EU, Plevneliev told the European Parliament that the Ukraine crisis showed
Published 09 Jun, 2016 12:00am
Langove remanded to another 14-day NAB custody

Langove remanded to another 14-day NAB custody

The accountability court on Wednesday handed over former finance adviser to the chief minister Balochistan, Mir Khalid Langove to the National Accountability Bureau (NAB) for remand till June 21. Langove was produced before the accountability court after
Published 09 Jun, 2016 12:00am
Pakistan participating in Africa Health Expo-2016

Pakistan participating in Africa Health Expo-2016

Pursuant to the Africa Plan of the Trade Development Authority of Pakistan, at the invitation of Pakistan High Commission, Pretoria, South Africa, as many as eleven Pakistani companies are in Johannesburg to participate in the "Africa Health Expo-2016" wh
Published 09 Jun, 2016 12:00am
SCBA sets up committee to probe Murree incident

SCBA sets up committee to probe Murree incident

Supreme Court Bar Association (SCBA) has constituted a three-member committee to probe the brutal incident occurred in Murree wherein one Maria died after being tortured and set on fire for refusing the marriage proposal. Barrister Ali Zafar, President Su
Published 09 Jun, 2016 12:00am
Government borrows Rs 131 billion througgh auction for MTBs

Government borrows Rs 131 billion througgh auction for MTBs

The federal government on Wednesday borrowed an amount of Rs 131 billion from banking sector through auction of short term bonds to meet its financial needs. Cut-off yield on short term government papers also declined slightly in the auction held on Wedne
Published 09 Jun, 2016 12:00am
Government borrows Rs 131 billion througgh auction for MTBs

Government borrows Rs 131 billion througgh auction for MTBs

The federal government on Wednesday borrowed an amount of Rs 131 billion from banking sector through auction of short term bonds to meet its financial needs. Cut-off yield on short term government papers also declined slightly in the auction held on Wedne
Published 09 Jun, 2016 12:00am
Iftar, Sehri hours: K-Electric must not carry out load-shedding: CM

Iftar, Sehri hours: K-Electric must not carry out load-shedding: CM

Taking notice of unannounced and prolong load-shedding in the city, Sindh Chief Minister Syed Qaim Ali Shah presided over an important meeting with K-Electric authorities at the CM House on Wednesday and urged them not to carry out load-shedding during th
Published 09 Jun, 2016 12:00am
Tariq Glass Industries Limited

Tariq Glass Industries Limited

Tariq Glass Industries Ltd (PSX: TGL) is a Lahore based glass manufacturing company, and it is engaged in manufacture and sale of glass containers, tableware and float glass. It works under multiple brands names that include Toyo Nasic, Omroc and Nova. TG
Published 09 Jun, 2016 12:00am
Tariq Glass Industries Limited

Tariq Glass Industries Limited

Tariq Glass Industries Ltd (PSX: TGL) is a Lahore based glass manufacturing company, and it is engaged in manufacture and sale of glass containers, tableware and float glass. It works under multiple brands names that include Toyo Nasic, Omroc and Nova. TG
Published 09 Jun, 2016 12:00am
82 arrested in crackdown against profiteers

82 arrested in crackdown against profiteers

District administration arrested 82 persons in crackdown against profiteers in different bazaars of the city in Ramazan. The arrested profiteers were included butchers, milk sellers, fruit & vegetable sellers and grocers and will be dealt as per law of th
Published 09 Jun, 2016 12:00am
Only Rs 15.13 billion released for district uplift programme in KP

Only Rs 15.13 billion released for district uplift programme in KP

District governments in Khyber Pakhtunkhwa received only Rs 15.13 billion out of the total planned amount of Rs 30 billion for the year. The provincial government allocated an amount of Rs 42 billion for District Development Program. However, the District
Published 09 Jun, 2016 12:00am
UAF organises seminar

UAF organises seminar

Self assessment and hardworking are effective tool to explore the weaknesses and strengths of a personality that could help people excel in their respective field. This was stated by University of Agriculture Faisalabad Vice Chancellor Professor/ Dr Iqrar
Published 09 Jun, 2016 12:00am
No case reported in Fata: Jhagra lauds anti-polio campaigns

No case reported in Fata: Jhagra lauds anti-polio campaigns

KP Governor Engr Iqbal Zafar Jhagra has expressed satisfaction over the successful ongoing anti-polio campaigns as there was no case of polio reported in the current year throughout the Fata and further directed to continue with the same spirit. He expres
Published 09 Jun, 2016 12:00am
KP Governor approves uplift schemes worth Rs 2.242 billion for FATA

KP Governor approves uplift schemes worth Rs 2.242 billion for FATA

Khyber Pakhtunkhwa Governor, Engr. Iqbal Zafar Jhagra Wednesday has approved various development schemes of over Rs 2243.980 million for the uplift and prosperity of Federal Administered Tribal Areas. He said all out efforts were being made to address the
Published 09 Jun, 2016 12:00am
Fine imposed on 138 profiteers

Fine imposed on 138 profiteers

Special Price Control Magistrates have imposed fines of Rs 1,83500 to the 138 profiteers during the campaign against the profiteering and hoardings on first Ramzan. According to the details the Price Control Magistrates of the district raided on 108 diffe
Published 09 Jun, 2016 12:00am
Three valuable plots CDA may miss expected revenue from auction

Three valuable plots CDA may miss expected revenue from auction

Capital Development Authority (CDA) may miss expected revenue from the auction of its three of most valuable plots of Islamabad due to the litigation. The plots worth Rs 40 billions are located at Blue Area between sectors F-9 and G-9, Murree Road and the
Published 09 Jun, 2016 12:00am
Digital house merged with other to form DG-9

Digital house merged with other to form DG-9

Two digital houses have been merged to create a singular platform which would effectively address the digital requirements of the local market for which SEED Ventures has acquired Click 9 and merged it with Gizelle Digital to form DG-9.
Published 09 Jun, 2016 12:00am
Pesco team identifies 52 more illegal power connections

Pesco team identifies 52 more illegal power connections

On the directives of Chief Executive, Peshawar Electricity Supply Company (Pesco) Anwar Ul Haq Yousafzai drive against illegal use of electricity is in full swing throughout Khyber Pakhtunkhwa. In this connection Pesco Wapda House Peshawar Surveillance te
Published 09 Jun, 2016 12:00am
BISE KP to introduce optical marks recogniser system

BISE KP to introduce optical marks recogniser system

Chairman of the Board of Intermediate and Secondary Education (BISE), Khyber Pakhtunkhwa has assured that by July 10, 2016, they will introduce optical marks recognizer (OMR) system in the province. Under the system, 0.1 million answer sheets could be che
Published 09 Jun, 2016 12:00am
Insurance companies: SECP issues 29 show-cause notices, 17 orders

Insurance companies: SECP issues 29 show-cause notices, 17 orders

The Securities and Exchange Commission of Pakistan (SECP), while ensuring compliance with insurance and allied laws, initiated 29 show-cause proceedings for non-compliances with the Insurance Ordinance 2000. The violations include failing to meet the fit
Published 09 Jun, 2016 12:00am
Insurance companies: SECP issues 29 show-cause notices, 17 orders

Insurance companies: SECP issues 29 show-cause notices, 17 orders

The Securities and Exchange Commission of Pakistan (SECP), while ensuring compliance with insurance and allied laws, initiated 29 show-cause proceedings for non-compliances with the Insurance Ordinance 2000. The violations include failing to meet the fit
Published 09 Jun, 2016 12:00am
'Italian businessmen keen to make investment in energy sector'

'Italian businessmen keen to make investment in energy sector'

Pakistani Ambassador to Italy, Nadeem Riaz has said the Italian businessmen are keen to make investment in Pakistan's energy sector besides having joint ventures in other fields. He was speaking at the Lahore Chamber of Commerce and Industry. LCCI former
Published 09 Jun, 2016 12:00am
Ramazan bazaars: ministers, administrators pays surprise visits

Ramazan bazaars: ministers, administrators pays surprise visits

On the direction of Punjab Chief Minister Muhammad Shahbaz Sharif, Provincial Ministers and administrative officers paid surprise visits to various Ramazan bazaars and checked prices, supply and quality of edible items. Provincial Minister for Agriculture
Published 09 Jun, 2016 12:00am
Children's hospital extension project completed

Children's hospital extension project completed

The extension project of Children hospital, Lahore has been completed and the capacity increased from 250 to 684 beds while the new block includes 16 operation theatres. Secretary Specialised Healthcare & Medical Education Najam Ahmed Shah said here on We
Published 09 Jun, 2016 12:00am
Punjab budget may stipulate development, raise in growth

Punjab budget may stipulate development, raise in growth

As the Punjab budget is set to be presented by Punjab Finance Minister Dr Ayesha Ghaus Pasha on June 13, there are strong signs pointing to a budget which promises development and increase in growth rate, public-friendly tax collection system, social welf
Published 09 Jun, 2016 12:00am
Punjab budget may stipulate development, raise in growth

Punjab budget may stipulate development, raise in growth

As the Punjab budget is set to be presented by Punjab Finance Minister Dr Ayesha Ghaus Pasha on June 13, there are strong signs pointing to a budget which promises development and increase in growth rate, public-friendly tax collection system, social welf
Published 09 Jun, 2016 12:00am
Paddy to be sown over 4.5 million acres in Punjab

Paddy to be sown over 4.5 million acres in Punjab

Over 45 lakh acres of land would be brought under paddy crop during Kharif season in various rice growing areas of the Punjab. Sources in Agriculture department told Business Recorder on Wednesday that paddy would be sown over 20 lakh acres of land
Published 09 Jun, 2016 12:00am
Woman burns daughter alive for eloping

Woman burns daughter alive for eloping

A woman burned her 17-year-old daughter alive on Wednesday to punish her for marrying against the family's wishes, the latest in a series of so-called "honour killings" that claim the lives of nearly 1,000 women every year in the conservative Muslim count
Published 09 Jun, 2016 12:00am
Profiteers warned of action under Section 1977-13

Profiteers warned of action under Section 1977-13

Commissioner and Deputy Commissioner of Quetta on Wednesday warned of profiteers of taking action against them under 1977-13 Regulation Price Control Act if they would not follow Price Control List announced by the government for the holy month of Ramazan
Published 09 Jun, 2016 12:00am
Khursheed arrives in Dubai to hold talks with Zardari

Khursheed arrives in Dubai to hold talks with Zardari

Leader of the Opposition in National Assembly, Khursheed Shah on Wednesday reached Dubai to meet former president Asif Ali Zardari. The meeting has come amidst deadlock in formation of joint Terms of Reference (ToRs) by 12-member parliamentary committee.
Published 09 Jun, 2016 12:00am
WHO Pakistan Awards: Sindh Governor's House hosts ceremony

WHO Pakistan Awards: Sindh Governor's House hosts ceremony

A lavish yet dignified ceremony was held at Sindh Governor House to host the first-ever WHO's WHO Pakistan Awards, here on last Friday. Presiding over the ceremony as the Chief Guest, Governor of Sindh, Dr Ishrat-ul-Ebad Khan said that today marks a momen
Published 09 Jun, 2016 12:00am
AIIB leads support for 'One Belt, One Road' projects

AIIB leads support for 'One Belt, One Road' projects

The first batch of investments by the Asian Infrastructure Investment Bank will be announced on June 24 during its third board meeting, said the bank's President Jin Liqun. Jin added that the AIIB would support projects under the Belt and Road Initiative
Published 09 Jun, 2016 12:00am
Hot, dry weather forecast

Hot, dry weather forecast

The Met Office on Wednesday forecast hot and dry weather for most parts of the country. However, a very hot weather is expected to continue battering the plains Punjab, central and southern Khyber-Pakhtunkhwa, upper Sindh, Sibbi and Makran divisions. It s
Published 09 Jun, 2016 12:00am
Import of spices grows by 18 percent

Import of spices grows by 18 percent

The country's import of spices grew by 18 percent to $63.806 million in July-April 2015-16, official figures say. The spices import fell at $9.56 million in July-April 2015-16 as compared to the commodity's import of $54.246 million in July-April 2014-15,
Published 09 Jun, 2016 12:00am
Stock market brokers reject budget

Stock market brokers reject budget

The Karachi Stock Broker Association has strongly condemned the proposed budget for 2016-17 as it seeks to penalise the most documented, transparent and compliant stock market. "The exemplary role being played by the stock market in facilitating revenues
Published 09 Jun, 2016 12:00am
MQM fails to effect strike; city stays open for business

MQM fails to effect strike; city stays open for business

The Muttahida Qaumi Movement strike call on Wednesday remained ineffective and was largely ignored by Karachiites. All commercial and business activities including public and goods transport remained unaffected and educational institutions and offices rem
Published 09 Jun, 2016 12:00am
PPP condemns KE for blackouts in Ramazan

PPP condemns KE for blackouts in Ramazan

Adviser to Chief Minister Sindh Rashid Hussain Rabbani and Waqar Mehdi condemned the K-Electric for unannounced and prolonged blackouts in the city during the holly moth of Ramadan. In a joint statement issued from PPP Media Cell Sindh, they said that sin
Published 09 Jun, 2016 12:00am
Custody of seized shipments: DI&I Customs' move costs exchequer millions

Custody of seized shipments: DI&I Customs' move costs exchequer millions

The unlawful practice being exercised by the Directorate of Intelligence and Investigation, (DI&I) Customs-FBR to transfer the custody of seized consignments in most of the cases to the terminal operators has reportedly cost millions to the national exche
Published 09 Jun, 2016 12:00am
NCCPL implements business continuity framework

NCCPL implements business continuity framework

National Clearing Company of Pakistan Limited has devised various Risk Averse strategies for all of its services including its National Clearing & Settlement System in a bid to provide seamless services. National Clearing Company of Pakistan Limited (NCCP
Published 09 Jun, 2016 12:00am
Engro divests $185 million shareholding in EFERT

Engro divests $185 million shareholding in EFERT

Engro Corporation Limited on Wednesday said to have sold 22.2 percent of its shareholding in Engro Fertilisers Limited (EFERT) at $185 million or Rs 19.3 billion. The development, according to equity analysts, attracted investor attention to Engro which g
Published 09 Jun, 2016 12:00am
Engro divests $185 million shareholding in EFERT

Engro divests $185 million shareholding in EFERT

Engro Corporation Limited on Wednesday said to have sold 22.2 percent of its shareholding in Engro Fertilisers Limited (EFERT) at $185 million or Rs 19.3 billion. The development, according to equity analysts, attracted investor attention to Engro which g
Published 09 Jun, 2016 12:00am
CCP issues policy note to PRA, SRB

CCP issues policy note to PRA, SRB

The Competition Commission of Pakistan (CCP) has issued a Policy Note to the Punjab Revenue Authority (PRA) and the Sindh Revenue Board (SRB), recommending them to withdraw the exemptions granted to the informal, non-corporate transporters of goods, from
Published 09 Jun, 2016 12:00am
Sindh budget session on June 11

Sindh budget session on June 11

The Sindh budget for fiscal year 2016-17 is scheduled for June 11, Saturday at the province assembly. Sindh Finance Minister, Syed Murad Ali Shah will address the post budget press conference to be held at the Sindh Assembly auditorium on June 12, Sunday.
Published 09 Jun, 2016 12:00am
Sindh budget session on June 11

Sindh budget session on June 11

The Sindh budget for fiscal year 2016-17 is scheduled for June 11, Saturday at the province assembly. Sindh Finance Minister, Syed Murad Ali Shah will address the post budget press conference to be held at the Sindh Assembly auditorium on June 12, Sunday.
Published 09 Jun, 2016 12:00am
No impact of MQM strike in Hyderabad

No impact of MQM strike in Hyderabad

The law and order situation in Hyderabad remained peaceful on Wednesday and except some localities, the citizens paid no heed towards the strike call announced by Muttahida Quomi Movement. The business activities were found normal and except closure of so
Published 09 Jun, 2016 12:00am
B Ed & MA: KU announces last dates of submission of exam forms

B Ed & MA: KU announces last dates of submission of exam forms

Controller Examinations of Karachi University, Professor Dr Arshad Azmi, has notified that the examination forms and fees of Rs 6500 for BEd. Morning and Evening Supplementary Examinations 2015 will be accepted without late fees at their respective colleg
Published 09 Jun, 2016 12:00am
2665 megawatts power added to system, National Assembly told

2665 megawatts power added to system, National Assembly told

Minister for Water and Power Khawaja Muhammad Asif has said that Pakistan Muslim League-Nawaz (PML-N) has added 2665MW additional electricity in the system during the last three years. While taking part in the debate on the Budget-2015-16 and responding t
Published 09 Jun, 2016 12:00am
President approves Nadra (Amendment) Bill 2016

President approves Nadra (Amendment) Bill 2016

President Mamnoon Hussain on Wednesday gave his assent to the National Database and Registration Authority (Amendment) Bill, 2016. The President gave the approval on a summary initiated by the National Assembly Secretariat and on the advice of the Prime M
Published 09 Jun, 2016 12:00am
President approves Nadra (Amendment) Bill 2016

President approves Nadra (Amendment) Bill 2016

President Mamnoon Hussain on Wednesday gave his assent to the National Database and Registration Authority (Amendment) Bill, 2016. The President gave the approval on a summary initiated by the National Assembly Secretariat and on the advice of the Prime M
Published 09 Jun, 2016 12:00am
President accords assent to Constitution's June 22

President accords assent to Constitution's June 22

President Mamnoon Hussain on Wednesday accorded his assent to the Constitution's 22nd Amendment Bill-2016, that envisages the qualifications and procedure for appointment of Chief Election Commissioner and members of the Election Commission of Pakistan. T
Published 09 Jun, 2016 12:00am
Falling of trees: SC seeks report from KP, Punjab governments

Falling of trees: SC seeks report from KP, Punjab governments

Supreme Court on Wednesday questioned the legality of quarrying of Margalla Hills and cutting of trees from Lora Mountain and sought report over the issue from Punjab and Khyber Pakhtunkhwa governments by June 13. Appearing before a three-member judge ben
Published 09 Jun, 2016 12:00am
Nisar was conspicuous by his absence at GHQ huddle

Nisar was conspicuous by his absence at GHQ huddle

Interior Minister Chaudhry Nisar Ali Khan tactfully skipped a high-level meeting of civil and military leadership at GHQ on Tuesday to dismiss the impression of military dominance in policymaking especially related to internal and external security, it wa
Published 09 Jun, 2016 12:00am
KE installs new PMT at LRBT

KE installs new PMT at LRBT

K-Electric announced that the power utility has installed a new and upgraded 400KV dedicated pole-mounted transformer (PMT) at the Layton Rahmatulla Benevolent Trust (LRBT) Eye hospital located in Korangi. Along with this new PMT, enhanced cables and an u
Published 09 Jun, 2016 12:00am
Hajj corruption case: Kazmi challenges 12-year sentence

Hajj corruption case: Kazmi challenges 12-year sentence

Former federal minister for Religious Affairs, Syed Hamid Saeed Kazmi has challenged a 12-year jail sentence awarded to him by a Special Judge Central, Islamabad in the infamous Hajj corruption scandal case. On June 03, Special Judge, Malik Nazir Ahmad aw
Published 09 Jun, 2016 12:00am
Chinese envoy conveys best wishes for Prime Minister

Chinese envoy conveys best wishes for Prime Minister

Chinese Ambassador to Pakistan Sun Weidong on Wednesday met Maryam Nawaz Sharif and conveyed best wishes from Chinese President Xi Jinping, the government and people of China for Prime Minister Nawaz Sharif. According to a statement, the Chinese Ambassado
Published 09 Jun, 2016 12:00am
Senior functionaries: Ministry rejects news item

Senior functionaries: Ministry rejects news item

The Ministry of Foreign Affairs on Wednesday rejected as "totally false, irresponsible and unfounded" a news story carried by a certain section of the media regarding senior functionaries of the ministry. "It may also be noted that an unintended consequen
Published 09 Jun, 2016 12:00am
DC Malir visits markets to check prices

DC Malir visits markets to check prices

Deputy Commissioner (DC) Malir Syed Muhammad Ali Shah on Wednesday visited different markets of the city to check prices of daily use items and directed the traders and shopkeepers to comply with the rate list issued by the district administration. During
Published 09 Jun, 2016 12:00am
Ramazan Bazaars: Punjab to enhance subsidy on gram pulse, gram flour

Ramazan Bazaars: Punjab to enhance subsidy on gram pulse, gram flour

On the instruction of Punjab Chief Minister Muhammad Shahbaz Sharif, provincial government has decided to enhance subsidy on gram pulse and gram flour in Ramadan Bazaars and prices of these items will be further reduced by Rs 10 in Ramadan bazaars. This d
Published 09 Jun, 2016 12:00am
Grandparent chick imports: former PPA chief demands exemption of duty

Grandparent chick imports: former PPA chief demands exemption of duty

Pakistan Poultry Association's former chairman Abdul Basit has urged the Federal Finance Minister to withdraw 15 percent import duty from grandparent. The PPA former chief in a statement on Wednesday also urged the government to withdraw 10 percent duty a
Published 09 Jun, 2016 12:00am
Four ECP members to retire on June 10

Four ECP members to retire on June 10

Four members of the Election Commission of Pakistan (ECP) will retire on June 10 on the expiry of their tenures. The date of retirement of ECP members is approaching but consultations between the government and the opposition for the appointment of the ne
Published 09 Jun, 2016 12:00am
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