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Nov 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-06-11
SAS profits slump
Currency

SAS profits slump

Scandinavian airline SAS said Friday profits tumbled in the second quarter as low fuel costs and savings failed to offset headwinds from low fares and an adverse exchange rate. Net profit fell 38 percent between February and April compared to the same thr
Published 11 Jun, 2016 12:00am
Chickens, not computers, can solve poverty: Gates

Chickens, not computers, can solve poverty: Gates

Want to end extreme poverty? Technology hyper-billionaire Bill Gates says the answer is chickens. And that's not the name of new Microsoft software. Gates, the founder of the world's largest software company, says the best thing to improve the lives of th
Published 11 Jun, 2016 12:00am
Tesco supermarket says to exit Turkey

Tesco supermarket says to exit Turkey

Britain's biggest retailer, supermarket group Tesco, said Friday it was selling its Turkish business as its international arm focuses on its operations in Central Europe and Southeast Asia. Tesco, which is slowly turning around its performance after a rec
Published 11 Jun, 2016 12:00am
Canada adds 13,800 jobs in May; unemployment at 10-month low

Canada adds 13,800 jobs in May; unemployment at 10-month low

Canada added far more jobs than expected in May as hiring picked up in construction and manufacturing, although a drop in the unemployment rate to a 10-month low stemmed from fewer people looking for work. Statistics Canada data released on Friday showed
Published 11 Jun, 2016 12:00am
Wage hikes, Syrian migrants push Turkish growth above forecasts

Wage hikes, Syrian migrants push Turkish growth above forecasts

Turkey's economy grew a larger-than-expected 4.8 percent in the first quarter, official data showed on Friday, outperforming major emerging markets peers, as wage hikes and spending by Syrian migrants fuelled private consumption. Domestic demand contribut
Published 11 Jun, 2016 12:00am
BP and Det norske agree $1.3 billion Norwegian oil merger

BP and Det norske agree $1.3 billion Norwegian oil merger

Oil companies BP and Det norske have agreed to merge their Norwegian businesses in a $1.3 billion all-share deal to cut costs, challenge Statoil's dominance of the local industry and look for more acquisitions. The new venture, which could produce over a
Published 11 Jun, 2016 12:00am
German economy had decent start to Q2, but growth to slow

German economy had decent start to Q2, but growth to slow

The German economy had a decent start to the second quarter but its growth pace is likely to slow during the course of the April-June period, the economy ministry said on Friday. Europe's largest economy was on a solid growth path, the ministry said in it
Published 11 Jun, 2016 12:00am
Airbus under new pressure over A400M as deliveries slip

Airbus under new pressure over A400M as deliveries slip

Airbus Group faces renewed pressure from France and other European buyers to meet performance and delivery pledges for its A400M military transport plane but is struggling to meet the deadlines, people familiar with the matter said. After partly successfu
Published 11 Jun, 2016 12:00am
Ukraine says Russian gas too pricey, sticks with EU

Ukraine says Russian gas too pricey, sticks with EU

Ukraine said Friday it would not purchase natural gas from Russia at the price offered by Moscow and would instead tap European markets as it continues its shift toward the West. Analysts called the announcement a sign that Russia's ability to use its nat
Published 11 Jun, 2016 12:00am
Russia cuts rates, says economic recovery 'imminent'
Currency

Russia cuts rates, says economic recovery 'imminent'

Russia's central bank cut its main lending rate on Friday for the first time in almost a year, signalling confidence that inflation risks are declining and describing an economic recovery as "imminent". The rate cut comes as Russia's economy, plagued in t
Published 11 Jun, 2016 12:00am
French, Italian output points to rebound
Currency

French, Italian output points to rebound

French industrial production rebounded in April, data showed Friday, fuelling recovery hopes in the eurozone's second-biggest economy. Industrial output rose 1.2 percent in April, after a 0.4-percent decline the previous month, lifted mostly by gains in t
Published 11 Jun, 2016 12:00am
France fines Uber 800,000 euros over ride-sharing service

France fines Uber 800,000 euros over ride-sharing service

Uber was fined 800,000 euros ($900,000) by a French court on Thursday, half of which was suspended, over its controversial UberPOP ride-sharing service that was banned in the country after violent protests last year. Uber suspended its low-cost UberPOP of
Published 11 Jun, 2016 12:00am
Mexico industrial output slumps by most in a year

Mexico industrial output slumps by most in a year

Mexico's industrial production sank in April by the most in nearly a year, contracting for a third month in a row at a surprisingly fast pace, as factory and mining output foundered and building flagged. Mexican industrial output fell 0.7 percent in April
Published 11 Jun, 2016 12:00am
Spanish house prices rise at pre-crisis pace in first quarter

Spanish house prices rise at pre-crisis pace in first quarter

Spanish house prices rose 6.3 percent in the first quarter of the year, the strongest gain in more than eight years, in one of the clearest signs yet that the property market is starting to stabilise after a prolonged slump. The year-on-year rise in price
Published 11 Jun, 2016 12:00am
MTN agrees to reduced $1.67 billion Nigeria fine, shares jump
Currency

MTN agrees to reduced $1.67 billion Nigeria fine, shares jump

MTN Group has agreed to pay a reduced fine of 330 billion naira ($1.67 billion) in a settlement with the Nigerian government over unregistered SIM cards, sending shares in the South African telecoms provider soaring. The settlement clears the way for MTN
Published 11 Jun, 2016 12:00am
MTN agrees to reduced $1.67 billion Nigeria fine, shares jump
Currency

MTN agrees to reduced $1.67 billion Nigeria fine, shares jump

MTN Group has agreed to pay a reduced fine of 330 billion naira ($1.67 billion) in a settlement with the Nigerian government over unregistered SIM cards, sending shares in the South African telecoms provider soaring. The settlement clears the way for MTN
Published 11 Jun, 2016 12:00am
Dutch to be hit hard by any Brexit: study

Dutch to be hit hard by any Brexit: study

The Netherlands will be hit hard if Britain leaves the EU, a Dutch government think tank warned Thursday, predicting a possible 1.2-percent fall in GDP by 2030 and a 10-billion-euro trade loss. Britain itself, though, would be affected even more, it said,
Published 11 Jun, 2016 12:00am
Global bond rally puts 10-year German yields within a whisker of zero

Global bond rally puts 10-year German yields within a whisker of zero

Germany's 10-year Bund yield hit a new record low on Friday and was within a hair's breadth of zero, as worries about global growth and political risks ensured a bullish tone for safe-haven debt markets across the globe. As Bund yields took a step closer
Published 11 Jun, 2016 12:00am
Global bond rally puts 10-year German yields within a whisker of zero

Global bond rally puts 10-year German yields within a whisker of zero

Germany's 10-year Bund yield hit a new record low on Friday and was within a hair's breadth of zero, as worries about global growth and political risks ensured a bullish tone for safe-haven debt markets across the globe. As Bund yields took a step closer
Published 11 Jun, 2016 12:00am
Australian shares fall

Australian shares fall

Australian shares fell 0.92 percent on Friday, reflecting broad-based losses across all sectors and tracking a selloff across global equities on heightened risk aversion. The S&P/ASX 200 index was down 49.34 points at 5,312.6 at the close of trade, its bi
Published 11 Jun, 2016 12:00am
Wall Street retreats with oil prices after three-day rally

Wall Street retreats with oil prices after three-day rally

US stocks retreated on Thursday after three days of gains as oil prices fell and global growth worries drove investors to safer assets like bonds. Energy shares declined 0.5 percent as crude oil prices also snapped a three-day streak of gains, while the m
Published 11 Jun, 2016 12:00am
TSX down

TSX down

Canada's main stock index fell on Thursday after hitting its highest level since August a day earlier, with energy stocks hurt by oil's pullback and financials down with bond yields and a Bank of Canada warning on the country's housing market. The Toronto
Published 11 Jun, 2016 12:00am
Treasury yields fall on global growth concerns

Treasury yields fall on global growth concerns

US Treasury yields fell to the lowest levels since February on Thursday as falling oil and stock prices increased demand for safe-haven debt amid concerns about global growth. British and German sovereign debt yields fell to record lows, driven by concern
Published 11 Jun, 2016 12:00am
Treasury yields fall on global growth concerns

Treasury yields fall on global growth concerns

US Treasury yields fell to the lowest levels since February on Thursday as falling oil and stock prices increased demand for safe-haven debt amid concerns about global growth. British and German sovereign debt yields fell to record lows, driven by concern
Published 11 Jun, 2016 12:00am
Hong Kong stocks drop on reports Soros making bearish bets
Currency

Hong Kong stocks drop on reports Soros making bearish bets

Hong Kong stocks suffered their biggest one-day drop in more than three weeks on Friday as traders were rattled by a report that billionaire investor George Soros, a noted China sceptic, was making big, bearish bets again. The Hang Seng index lost 1.2 per
Published 11 Jun, 2016 12:00am
Southeast Asian stocks jittery ahead of Fed meeting, Brexit referendum

Southeast Asian stocks jittery ahead of Fed meeting, Brexit referendum

Southeast Asian stock markets closed lower on Friday ahead of a US Federal Reserve meeting next week that is likely to take a call on an interest rate increase, and the UK referendum later this month on Britain's exit from the European Union. The number o
Published 11 Jun, 2016 12:00am
Indian shares post first weekly loss in three

Indian shares post first weekly loss in three

Indian shares ended lower on Friday, marking their first weekly loss in three, as caution prevailed ahead of the US Federal Reserve meeting next week and a vote in Britain later this month about whether to leave the European Union. The BSE index fell 0.48
Published 11 Jun, 2016 12:00am
European shares end near four-week lows as Brexit vote looms

European shares end near four-week lows as Brexit vote looms

European shares fell to near a four-week low on Friday, with Lufthansa dropping after the surprise departure of its finance chief, while political worries put pressure on cyclical stocks on the last trading day of the week. Investors are jittery before a
Published 11 Jun, 2016 12:00am
Sri Lankan shares end steady in thin volume

Sri Lankan shares end steady in thin volume

Sri Lankan shares ended steady on Friday as positive sentiment after an IMF loan approval offset concerns over rising interest rattes and foreign fund outflows. Turnover was 275.1 million rupees ($1.90 million), the lowest since March 19, and less than ha
Published 11 Jun, 2016 12:00am
Tokyo stocks fall

Tokyo stocks fall

Tokyo shares closed lower Friday as oil-linked firms were hit by a drop in crude prices, with investors eyeing central bank meetings in the US and Japan next week. The strong yen and Britain's possible exit from the European Union also weighed on the Japa
Published 11 Jun, 2016 12:00am
FTSE hits three-week low as financials, Tesco fall

FTSE hits three-week low as financials, Tesco fall

Britain's top share index fell on Friday, hit by a drop in grocer Tesco and major financial and commodity stocks, while uncertainty over the vote on European Union membership also weighed on the market. The bluechip FTSE 100 index was down 1.9 percent at
Published 11 Jun, 2016 12:00am
Dollar enjoys reprieve in Asia as euro, sterling feel the heat
Currency

Dollar enjoys reprieve in Asia as euro, sterling feel the heat

The dollar index was on track for a modest weekly gain on Friday, having bounced off this week's one-month lows as the euro took a heavy spill while sterling stayed under a cloud on jitters over the upcoming Brexit vote. The dollar index added 0.3 percent
Published 11 Jun, 2016 12:00am
Swiss franc hits eight-week high in Europe on safe-haven demand
Currency

Swiss franc hits eight-week high in Europe on safe-haven demand

Worries that Britain could vote to leave the European Union in two weeks' time spread across the currency market on Friday, with the safe-haven yen hitting an eight-week high as investors ditched riskier assets for safety. As a risk-off mood across market
Published 11 Jun, 2016 12:00am
Early trade in New York: Yen, Swiss franc rise
Currency

Early trade in New York: Yen, Swiss franc rise

The yen and Swiss franc rose on Friday as oil prices slid and bank shares led global equity markets lower, stoking a fresh wave of bids for low-risk assets. Jitters about the June 23 referendum on Britain's membership in the European Union intensified the
Published 11 Jun, 2016 12:00am
Yen rises on safe-haven bids, dollar recovers in NY
Currency

Yen rises on safe-haven bids, dollar recovers in NY

A broad decline in commodity and stock prices in major world markets lifted the yen on Thursday as investors piled money into low-risk assets due to jitters about prolonged low inflation and negative interest rates. The yen, which investors prefer in time
Published 11 Jun, 2016 12:00am
Sri Lankan rupee rises
Currency

Sri Lankan rupee rises

Sri Lankan rupee forwards rose on Friday as dollar conversions by foreign investors and banks surpassed importer demand for the US currency, dealers said. The spot rupee, which was traded actively for a third straight day, also rose, they added. Dollar/ru
Published 11 Jun, 2016 12:00am
Fed, Brexit caution cuts Asia FX weekly gains
Currency

Fed, Brexit caution cuts Asia FX weekly gains

Most emerging Asian currencies eased on Friday to give up some of their weekly gains as caution grew ahead of the US Federal Reserve's policy meeting and the Brexit vote. South Korea's won fell in subdued trading as the central bank governor said the Bank
Published 11 Jun, 2016 12:00am
Sterling falls as Brexit campaign enters final fortnight
Currency

Sterling falls as Brexit campaign enters final fortnight

Sterling sank by 1 percent to a seven-week low to the dollar on Friday as the cost of hedging against swings in its value around the June 23 referendum on Britain's European Union membership rose to the highest in seven years. Since falling to a low of $1
Published 11 Jun, 2016 12:00am
Kiwi, Aussie off highs

Kiwi, Aussie off highs

The New Zealand and Australian dollars edged off highs on Friday on growing jitters over the upcoming Brexit vote, though both currencies were on track for hefty weekly increases. The New Zealand dollar nudged down to $0.7104, from $0.7135 early. It climb
Published 11 Jun, 2016 12:00am
Uruguay tumble out as Mexico, Venezuela reach quarters

Uruguay tumble out as Mexico, Venezuela reach quarters

Uruguay were sent crashing out of the Copa America Centenario on Thursday as Venezuela and Mexico marched into the quarer-finals. Uruguay, the record 15-time Copa America champions, were eliminated in the group phase for the first time since 1997 after sl
Published 11 Jun, 2016 12:00am
Bairstow suffers highs and lows against Sri Lanka

Bairstow suffers highs and lows against Sri Lanka

Jonny Bairstow continued a brilliant year of run-scoring with a Test-best 167 not out against Sri Lanka at Lord's on Friday. But the debate about whether Bairstow should keep wicket for England intensified when he dropped Dimuth Karunaratne on the second
Published 11 Jun, 2016 12:00am
Krajicek to help Wawrinka at Wimbledon

Krajicek to help Wawrinka at Wimbledon

Stan Wawrinka has added former champion Richard Krajicek to his coaching team ahead of Wimbledon, the Swiss player said on Friday. "As I'm always looking to improve on court, I would like to take this opportunity to announce as of immediately that I have
Published 11 Jun, 2016 12:00am
Brazilian athlete shot in head in Rio

Brazilian athlete shot in head in Rio

A Brazilian competitive shooter was fighting for her life Friday after being shot in the head during an attempted robbery in Rio de Janeiro, underlining a crime wave sweeping the city two months before the Olympics. Anna Paula Cotta, 27, a member of Brazi
Published 11 Jun, 2016 12:00am
Top IAAF official Davies suspended

Top IAAF official Davies suspended

World athletics governing body IAAF announced on Friday that it was provisionally suspending its deputy director Nick Davies over charges that he contrived to conceal news of positive Russian drugs tests in 2013. Davies, a close aide to IAAF chief Sebasti
Published 11 Jun, 2016 12:00am
Stuttgart match win sets another Federer record

Stuttgart match win sets another Federer record

Roger Federer beat Florian Mayer 7-6 (7/2), 7-6 (7/1) on Friday to reach the Stuttgart grass semi-finals with another tennis record. The world number three moved ahead of Ivan Lendl to stand sole second in career match wins as he earned his 1,072 victorie
Published 11 Jun, 2016 12:00am
Zidane tips Belgium to impress at Euros

Zidane tips Belgium to impress at Euros

France legend Zinedine Zidane on Friday tipped Belgium to impress at Euro 2016 but dismissed any suggestion that his countrymen were under added pressure as hosts. Belgium, ranked second in the FIFA world rankings, open their Group E campaign on Monday ag
Published 11 Jun, 2016 12:00am
Indonesia's Ginting upsets top seed Chen to reach Australian Open semis

Indonesia's Ginting upsets top seed Chen to reach Australian Open semis

Indonesia's Anthony Sinisuka Ginting upset world No 2 and top seed Chen Long to reach the semi-finals of the Australian Badminton Open in Sydney on Friday. The 19-year-old Ginting, ranked 31, knocked out the Chinese star 21-14, 21-17 to set up a last-four
Published 11 Jun, 2016 12:00am
New Zealand pick Indian-born opener for Africa tour

New Zealand pick Indian-born opener for Africa tour

New Zealand on Friday named Indian-born opening batsman Jeet Raval in the squad for the upcoming four-Test tour of Zimbabwe and South Africa. Raval was the only uncapped player named in the 16-man Black Caps' squad, which also features the recall of India
Published 11 Jun, 2016 12:00am
Arthur vows to help Aamir flourish on return to England

Arthur vows to help Aamir flourish on return to England

New Pakistan coach Mickey Arthur has promised to do everything in his power to help disgraced paceman Mohammad Aamir realise his full potential after the bowler was granted a visa for the team's upcoming tour of England. Aamir will return to England six y
Published 11 Jun, 2016 12:00am
Scientists turn CO2 into stone to fight climate change

Scientists turn CO2 into stone to fight climate change

Scientists have turned carbon dioxide into stone in a matter of months by pumping it deep underground, offering a revolutionary new way of storing the greenhouse gas to tackle climate change. The pioneering experiment in Iceland mixed CO2 emissions with w
Published 11 Jun, 2016 12:00am
Maldives jails former VP

Maldives jails former VP

Former Maldives deputy leader Ahmed Adeeb has been jailed for 15 years for plotting to assassinate the president, the latest in a string of prosecutions of senior politicians and opposition figures in the troubled island nation. Adeeb was convicted late T
Published 11 Jun, 2016 12:00am
Russia unveils new navy icebreaker in Arctic military focus

Russia unveils new navy icebreaker in Arctic military focus

Russia on Friday floated a new icebreaker for its navy, the first one in about 45 years, and a further sign of Moscow's growing military focus on the Arctic. Built at the Admiralty Shipyards in Saint Petersburg, Russia's second-largest city and home to it
Published 11 Jun, 2016 12:00am
US Navy admiral admits he lied in massive bribery scandal

US Navy admiral admits he lied in massive bribery scandal

A US admiral pleaded guilty Thursday to lying about his relationship with a Singapore-based defence contractor at the center of a massive bribery scandal that has tarnished top naval officers. Rear Admiral Robert Gilbeau - the highest-ranking Navy officer
Published 11 Jun, 2016 12:00am
Hindu monastery worker hacked to death in Bangladesh

Hindu monastery worker hacked to death in Bangladesh

A 62-year-old Hindu monastery worker was hacked to death in Bangladesh on Friday, police said, the latest in a series of such attacks on religious minorities in the mainly Muslim country. The latest murder came as Bangladeshi police announced a special we
Published 11 Jun, 2016 12:00am
US Navy ends base restrictions for sailors in Japan

US Navy ends base restrictions for sailors in Japan

The US Navy said Friday it lifted restrictions preventing sailors in Japan from leaving their bases four days after the rule was imposed following a drunk-driving case on Okinawa. However, an alcohol ban for sailors in the country, also imposed on Monday,
Published 11 Jun, 2016 12:00am
California man found guilty of murdering Saudi student

California man found guilty of murdering Saudi student

A California man was found guilty on Thursday of murdering a Saudi engineering student after responding to the victim's ad to sell his car. A jury in San Fernando deliberated just 15 minutes before convicting Agustin Rosendo Fernandez, 29, of first-degree
Published 11 Jun, 2016 12:00am
Belgium arrests new Brussels attacks suspect

Belgium arrests new Brussels attacks suspect

Belgian police investigating the Brussels airport and metro attacks have arrested a man in connection with "terrorist murders", the federal prosecutor said on Friday. The 31-year-old man, identified only as Ali E.H.A., was detained on Thursday during a ho
Published 11 Jun, 2016 12:00am
Thousands protest OSCE presence in rebel-held Ukraine

Thousands protest OSCE presence in rebel-held Ukraine

More than 5,000 people rallied Friday in Donetsk, the main base of pro-Russian insurgents in east Ukraine, to protest the presence of OSCE monitors in the war-ravaged region. The demonstration was the latest in a series of rallies organised by pro-Moscow
Published 11 Jun, 2016 12:00am
Kazakhstan says it kills five suspected of deadly attacks

Kazakhstan says it kills five suspected of deadly attacks

Kazakhstan's security services said they killed five alleged attackers Friday suspected of launching bloody assaults on a military base and gun shops at the weekend. The ex-Soviet country's National Security Committee (KNB) said special forces killed four
Published 11 Jun, 2016 12:00am
Indian court jails five for life for tourist gang rape

Indian court jails five for life for tourist gang rape

Five men convicted of gang-raping a Danish tourist in the Indian capital in 2014 were Friday sentenced to life in jail, a prosecutor said, the maximum term possible. The were convicted on Monday of assaulting the 52-year-old woman at knifepoint as she ret
Published 11 Jun, 2016 12:00am
French police teargas brawling England fans

French police teargas brawling England fans

French police fired tear gas to break up clashes between England soccer fans and local people in the Mediterranean city of Marseille on Thursday night on the eve of the Euro 2016 soccer tournament. A police official said about 100 England fans and 50 resi
Published 11 Jun, 2016 12:00am
Economic, political dividends from soccer look slim for France

Economic, political dividends from soccer look slim for France

Shaken by Islamist attacks and beset by strikes, France is hoping the "feel good factor" of a successful Euro 2016 soccer tournament will fire up a tentative economic recovery, although the direct impact will be short lived. France's economy has shown sig
Published 11 Jun, 2016 12:00am
NAB chairman reviews TOT, refresher, capacity-building courses

NAB chairman reviews TOT, refresher, capacity-building courses

Qamar Zaman Chaudhry, Chairman NAB chaired a meeting to review Training of Trainers (TOT), Refresher and Capacity Building Courses for NAB Investigation Officers/Case Officers/Prosecutors conducted till 31th May 2016 and planned for the remaining months o
Published 11 Jun, 2016 12:00am
River Kabul in medium flood at Nowshera

River Kabul in medium flood at Nowshera

As the water inflow in the four live rivers has been increasing during past four days, the river Kabul has attained the stage of medium flood at Nowshera and the mighty Indus is nearing the low flood level at Jinnah and Chashma barrages. According to 10th
Published 11 Jun, 2016 12:00am
DHQ hospital revamp plan finalised

DHQ hospital revamp plan finalised

Secretary Primary and Secondary Health Punjab Ali Jaan Khan on Friday said that a revamping plan for District Headquarters (DHQs) Hospitals had been finalised and in the next fiscal year Rs 100 million would be spent on each DHQ hospital. He said this dur
Published 11 Jun, 2016 12:00am
Foreign Affairs body briefed about nuclear doctrine

Foreign Affairs body briefed about nuclear doctrine

The Standing Committee on Foreign Affairs was briefed on Pakistan's nuclear doctrine with special focus on NPT, CTBT and issues of NSG and MTCR, by Dr Shireen Mehrunnisa Mazari, Member, during the meeting held today in the Parliament House Islamabad under
Published 11 Jun, 2016 12:00am
Debate on budget: Senators seek more power in financial matters
Cotton

Debate on budget: Senators seek more power in financial matters

The lawmakers in Senate on Friday said that upper house of the parliament should be given more powers as the country's constitutional structure is on the basis of federalism that determines the relationship between federation and the provinces. Taking par
Published 11 Jun, 2016 12:00am
Minister hails ANF's performance

Minister hails ANF's performance

The Minister for Interior and Narcotics Control Chaudhry Nisar Ali Khan appreciated the performance of Anti-Narcotics Force (ANF) for seizing narcotics worth Rs 3.985 billion in a span of six months. The Interior Minister said that acknowledgement and app
Published 11 Jun, 2016 12:00am
Fake certificates issued for mangoes destined for Iran

Fake certificates issued for mangoes destined for Iran

An inquiry conducted on the instructions of Federal Minister National Food Security & Research, Sikandar Hayat Bosan, has confirmed that fake phytosanitary certificates (PCs) were issued from Multan for mangoes destined for Iran. According to a fact-findi
Published 11 Jun, 2016 12:00am
ECP to remain non-functional due to retirement of members?

ECP to remain non-functional due to retirement of members?

Election Commission of Pakistan (ECP) virtually became non-functional after its retiring members spent last working day in office on Friday. The retiring members are former Justice Roshan Esani from Sindh, former Justice Riaz Kiyani from Punjab, former Ju
Published 11 Jun, 2016 12:00am
Panama ToRs: PTI hints at quitting committee amid persistent deadlock

Panama ToRs: PTI hints at quitting committee amid persistent deadlock

The government and opposition on Friday again failed to make any progress on the Term of References (ToRs) for the proposed judicial commission to probe into the Panama leaks. Noting no headway, Pakistan Tehreek-e-Insaf (PTI) hinted at distancing itself f
Published 11 Jun, 2016 12:00am
Oktopus 360 Media holds Umrah ballot

Oktopus 360 Media holds Umrah ballot

The 11th balloting for Umrah Package to one of the employees, was held on 1st of Ramzan (7th June 2016) at the office of Oktopus 360 Media. Waqar H. Haidri, Group Chairman, Oktopus 360 Media announced the name of Syed Raza Ali as lucky employee to perform
Published 11 Jun, 2016 12:00am
Colgate Palmolive holds 'My Bright Smile' Global Art Contest

Colgate Palmolive holds 'My Bright Smile' Global Art Contest

Since 16 years, Colgate Palmolive's "My Bright Smile" Global Art Contest has given children across the globe a platform to express their creativity and showcase their artistic talents. The contest is held under the umbrella of Colgate's Oral Health Educat
Published 11 Jun, 2016 12:00am
BASF organizes voluntary blood donation camp

BASF organizes voluntary blood donation camp

BASF held its annual voluntary blood donation camp event in Karachi recently, organised for the second time in partnership with the Indus Hospital. At the camp, established in 2014, BASF employees, customers and other external stakeholders helped replenis
Published 11 Jun, 2016 12:00am
JI chief criticises US policies

JI chief criticises US policies

Amir Jamaat-e-Islami Senator Sirajul Haq has impressed upon the government to refrain from selling out the country's honour and sovereignty to the US who had always deceived Pakistan. "We don't want war with the US but at the same time cannot surrender ou
Published 11 Jun, 2016 12:00am
Grant of SEZ status to 3 estates in Punjab approved by BoI

Grant of SEZ status to 3 estates in Punjab approved by BoI

The Federal Board of Investment (BoI) on Thursday approved Special Economic Zone (SEZ) status for the three Industrial Estates in Punjab. These are: Quaid-e-Azam Apparel Park located at M-2 (Lahore - Islamabad Motorway) at a distance of 2 KMs from Shiekhu
Published 11 Jun, 2016 12:00am
Consumption of soft drinks during Iftar, Sehr harmful: experts

Consumption of soft drinks during Iftar, Sehr harmful: experts

Health professionals have warned people over consumption of soft drinks during 'Iftar' and 'Sehr' saying these are harmful for health and may cause diseases like diarrhoea, gastroenteritis, dehydration, renal problems. These experts, however, advised peop
Published 11 Jun, 2016 12:00am
PIAF urges LDA to shelve KKIE conversion plan

PIAF urges LDA to shelve KKIE conversion plan

Pakistan Industrial and Traders Associations Front (PIAF) has urged the Lahore Development Authority (LDA) to shelve the plan of conversion of Kahna Kacha Industrial Estate (KKIE) into a residential scheme as this initiative would result in dire consequen
Published 11 Jun, 2016 12:00am
M-3 Industrial City: FCCI chief lauds decision of granting SEZ status

M-3 Industrial City: FCCI chief lauds decision of granting SEZ status

Chaudhary Muhammad Nawaz, President Faisalabad Chamber of Commerce & Industry (FCCI) has welcomed the recent decision to grant status of Special Economic Zone (SEZ) to M-3 Industrial City and Value Addition City Faisalabad and said that it will not only a
Published 11 Jun, 2016 12:00am
Banking transactions: LCCI urges government to withdraw WHT

Banking transactions: LCCI urges government to withdraw WHT

The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to withdraw withholding tax on banking transactions immediately which has created unrest among the business community. The LCCI President Sheikh Muhammad Arshad on Friday said tha
Published 11 Jun, 2016 12:00am
Punjab government providing relief to consumers, claims minister

Punjab government providing relief to consumers, claims minister

Punjab Minister for Minority Affairs & Human Rights Khalil Tahir Sindhu has said that Punjab government has made elaborate arrangements for providing economic relief to the consumers during the holy month of Ramazan under which essential commodities were
Published 11 Jun, 2016 12:00am
Fans on Facebook UBL crosses one million mark

Fans on Facebook UBL crosses one million mark

United Bank Limited (UBL), Pakistan's Best Bank as declared at the Pakistan Banking Awards 2016, recently became the first Pakistani bank to achieve 1 million likes on its Facebook page. According to UBL, the milestone is a testament to the bank's achieve
Published 11 Jun, 2016 12:00am
Court upholds life sentence for political activist

Court upholds life sentence for political activist

A court has upheld the life sentence of a political activist from the country's semi-autonomous north, which observers say could see a "nationalist upsurge". Baba Jan, a left wing political activist from the Hunza Valley in Gilgit-Baltistan, was convicted
Published 11 Jun, 2016 12:00am
PM's Laptop Scheme: Mehran University students receive laptops

PM's Laptop Scheme: Mehran University students receive laptops

The students of Master's Programme and Ph.D. scholars of Mehran University of Engineering and Technology Jamshoro Friday received laptops under Prime Minister's Laptop Scheme. The Vice Chancellor Professor Dr Muhammad Aslam Uqaili distributed laptops to t
Published 11 Jun, 2016 12:00am
Levy of tax: Clearing agents threaten to launch protest movement

Levy of tax: Clearing agents threaten to launch protest movement

Customs clearing agents has given one-week deadline to provincial government for withdrawal of decision for levying one percent infrastructure development cess on imported items and threatened to launch protest movement if their demand was not met. The de
Published 11 Jun, 2016 12:00am
Ufone announces Ramazan 2016 Campaign

Ufone announces Ramazan 2016 Campaign

Ufone on Friday announced Ramazan 2016 campaign to shed limelight on three different humanitarian initiatives, enabling them to reach out widely to the masses with their messaging seeking inspiration and support to their causes for the benefit of the dese
Published 11 Jun, 2016 12:00am
Heroin powder seized

Heroin powder seized

Pakistan Customs Staff at Islamabad Airport has seized fine quality white heroin powder from accused Muhammad Siddique of Khushab who was travelling to Madina via Doha through Qatar Air, Flight no QR 633. The value of the seized heroin in international ma
Published 11 Jun, 2016 12:00am
FBR issues instructions to commissioners, RTOs, LTUs

FBR issues instructions to commissioners, RTOs, LTUs

The Federal Board of Revenue (FBR) has announced that no advance income tax u/s 153(1)(a)of the Income Tax Ordinance be deducted in case the purchase of agricultural produce is made directly from the growers or growers making sales through commission agen
Published 11 Jun, 2016 12:00am
No unscheduled load-shedding: Pesco

No unscheduled load-shedding: Pesco

Peshawar Electric Supply Company (Pesco) is not carrying out any unscheduled or excessive load shedding in any part of the Khyber Pakhtunkhwa. According to a spokesman of the company, for the provision of electricity to domestic consumers, power supply to
Published 11 Jun, 2016 12:00am
Three held under FIA's anti-human smuggling drive

Three held under FIA's anti-human smuggling drive

The Federal Investigation Agency (FIA) on Friday arrested three travel agents who were allegedly involved in human smuggling and were using fake protector's stamps. The agency, following the directives of Interior Minister, launched countrywide crackdown
Published 11 Jun, 2016 12:00am
PTI MNA for action against profiteers

PTI MNA for action against profiteers

Pakistan Tehreek-e-Insaf (PTI) PS-112 MPA Khurrum Sherzaman demanded immediate action against Ramazan profiteers. Sherzaman expressed outrage over this price gouging by vendors. Its appalling that in a Muslim country like Pakistan that wholesalers and ret
Published 11 Jun, 2016 12:00am
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