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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-07-01
World Bank chief defends global institutions post-Brexit

World Bank chief defends global institutions post-Brexit

World Bank President Jim Yong Kim on Thursday gave an impassioned defence of the world's leading multi-lateral institutions following Britain's shock vote to exit the European Union. Speaking in New Delhi, Kim said the need for multi-country cooperation w
Published 01 Jul, 2016 12:00am
IMF says Brexit uncertainty a top risk to global economy

IMF says Brexit uncertainty a top risk to global economy

The International Monetary Fund said Thursday that Britain's shock vote to leave the European Union a week ago has created uncertainty that poses a major threat to the global economy. "We see the uncertainty right now as probably the biggest risk to the g
Published 01 Jul, 2016 12:00am
IMF says Brexit uncertainty a top risk to global economy

IMF says Brexit uncertainty a top risk to global economy

The International Monetary Fund said Thursday that Britain's shock vote to leave the European Union a week ago has created uncertainty that poses a major threat to the global economy. "We see the uncertainty right now as probably the biggest risk to the g
Published 01 Jul, 2016 12:00am
Lufthansa reaches deal with cabin staff

Lufthansa reaches deal with cabin staff

German airline Lufthansa and its cabin staff said Thursday they had reached an agreement on working conditions, bringing to an end a long and bitter industrial dispute that hit thousands of passengers. Lufthansa and the cabin crews' union UFO "have come t
Published 01 Jul, 2016 12:00am
UK economic growth slows in first quarter

UK economic growth slows in first quarter

Britain's economic growth slowed in the first quarter from the previous three months, official data confirmed Thursday, as business investment faltered on uncertainty before the Brexit referendum. Gross domestic product (GDP) grew 0.4 percent, the Office
Published 01 Jul, 2016 12:00am
China foreign debt falls as yuan depreciation fears resurface

China foreign debt falls as yuan depreciation fears resurface

China's outstanding foreign debt fell by $51.7 billion in the first quarter to $1.36 trillion, the foreign exchange regulator said on Thursday, as local firms repay their dollar liabilities amid expectations that the yuan will depreciate further. Foreign
Published 01 Jul, 2016 12:00am
Uzbekistan says China to loan $2.7 billion for joint projects

Uzbekistan says China to loan $2.7 billion for joint projects

China has promised isolated Uzbekistan $2.7 billion for a series of joint projects, the ex-Soviet state said Thursday, as Beijing flexes its economic muscle in Central Asia. A statement on the website of the republic's foreign ministry quoted President Is
Published 01 Jul, 2016 12:00am
Nigeria signs billions in oil and gas deals with China
Currency

Nigeria signs billions in oil and gas deals with China

The Nigerian government announced Thursday that it signed $80 billion worth in oil and gas deals with Chinese companies. Nigerian junior state oil minister and Nigerian National Petroleum Corporation (NNPC) head Emmanuel Kachikwu met Chinese investors in
Published 01 Jul, 2016 12:00am
US data offers hope for manufacturing; jobs market steady

US data offers hope for manufacturing; jobs market steady

Factory activity in the US Midwest surged to its highest in almost 1-1/2 years in June amid strong gains in new orders and production, offering a ray of hope for the downtrodden manufacturing sector. While another report on Thursday showed an increase in
Published 01 Jul, 2016 12:00am
Netherlands gets first nationwide 'Internet of Things'

Netherlands gets first nationwide 'Internet of Things'

Dutch telecoms group KPN said Thursday that The Netherlands had become the first country in the world to implement a nationwide long range (LoRa) network for the so-called Internet of Things. Connecting everyday objects to networks, allowing them to send
Published 01 Jul, 2016 12:00am
Google's Madrid offices searched in tax probe

Google's Madrid offices searched in tax probe

Google's offices in Madrid were being searched in a tax probe Thursday, an internal source said, just over a month after police raided the US internet giant in Paris in a similar investigation. "We obey Spain's tax legislation as we do in every country th
Published 01 Jul, 2016 12:00am
Google's Madrid offices searched in tax probe

Google's Madrid offices searched in tax probe

Google's offices in Madrid were being searched in a tax probe Thursday, an internal source said, just over a month after police raided the US internet giant in Paris in a similar investigation. "We obey Spain's tax legislation as we do in every country th
Published 01 Jul, 2016 12:00am
France's public debt piles up

France's public debt piles up

France added to its debt pile in the first quarter, official data showed Thursday, taking the country further away from meeting eurozone debt criteria. France's public debt rose by 40.7 billion euros ($45.2 billion) in the first three months of the year,
Published 01 Jul, 2016 12:00am
Saudi Arabia raises commissions on stock exchange trades

Saudi Arabia raises commissions on stock exchange trades

Saudi Arabia's market regulator raised the commission on trades on the kingdom's Tadawul stock exchange, which is seeking to attract foreign investors and sell state assets. As well as raising the commission from 12 basis points to 15.5 basis points per t
Published 01 Jul, 2016 12:00am
Gulf stocks generally move little, UAE outperforms

Gulf stocks generally move little, UAE outperforms

Gulf stock markets moved generally little on Thursday with the approach of Eidul Fitr holidays next week limiting activity, but United Arab Emirates bourses outperformed on the back of bank shares. The Saudi index gave up modest early gains to close flat
Published 01 Jul, 2016 12:00am
Sri Lanka shares fall for ninth session

Sri Lanka shares fall for ninth session

Sri Lankan shares ended lower for the ninth straight session on Thursday as comments from a minister earlier this week on the imposition of capital gains tax on equities continued to dampen sentiment. Sri Lanka will impose a capital gains tax on profits f
Published 01 Jul, 2016 12:00am
China stocks flat

China stocks flat

China stocks ended little changed on Thursday as investors took profits on this week's rebound after heavy selling last week triggered by Britain's vote to leave the European Union. The bluechip CSI300 index rose 0.1 percent to 3,153.92, while the Shangha
Published 01 Jul, 2016 12:00am
Wall Street rebounds from Brexit with second day of big gains

Wall Street rebounds from Brexit with second day of big gains

Wall Street recorded big gains for a second day on Wednesday as investors continued to scour for bargains and digest the fallout from Britain's stunning vote to leave the European Union. The S&P 500 has recouped more than half of its losses from the two-d
Published 01 Jul, 2016 12:00am
Hong Kong shares rebound

Hong Kong shares rebound

Hong Kong stocks extended their bounce on Thursday, tracking global markets as fears stemming from Britain's vote to leave the European Union continued to abate. The Hang Seng index rose 1.8 percent, to 20,794.37, while the China Enterprises Index gained
Published 01 Jul, 2016 12:00am
US bond prices fall

US bond prices fall

US Treasury debt prices fell on Wednesday, with the 30-year yield flirting with all-time lows, as investors reduced bond holdings on a further rebound in stocks and commodities following a rout triggered by Britain's vote to leave the European Union.
Published 01 Jul, 2016 12:00am
US bond prices fall

US bond prices fall

US Treasury debt prices fell on Wednesday, with the 30-year yield flirting with all-time lows, as investors reduced bond holdings on a further rebound in stocks and commodities following a rout triggered by Britain's vote to leave the European Union.
Published 01 Jul, 2016 12:00am
Nikkei index ekes out gain despite strong yen

Nikkei index ekes out gain despite strong yen

Tokyo's Nikkei 225 index edged higher Thursday as investors bet on fresh stimulus measures to negate the fallout from Brexit, but gains were pared by an afternoon yen rally. Equities around the world took a pounding in the wake of Britain's shock vote las
Published 01 Jul, 2016 12:00am
Deutsche Bank lags as European shares extend post-Brexit bounce

Deutsche Bank lags as European shares extend post-Brexit bounce

European shares rose for a third straight session on Thursday, with expectations of central bank stimulus helping ease jitters over Britain's vote last week to exit the European Union. Deutsche Bank however fell to an all-time low after its US unit failed
Published 01 Jul, 2016 12:00am
Most Southeast Asian stocks higher

Most Southeast Asian stocks higher

Most Southeast Asian markets closed higher on Thursday, tracking regional peers, as markets shrugged off the impact of Britain's stunning vote to leave the European Union. MSCI's broadest index of Asia-Pacific shares outside Japan was up 1.5 percent at 09
Published 01 Jul, 2016 12:00am
Indian shares post best quarterly gain in two years

Indian shares post best quarterly gain in two years

Indian shares closed higher on Thursday, erasing their losses suffered on Friday after Britons unexpectedly voted to exit the European Union, as investors focused on improving prospects of the domestic economy. Hopes of a good monsoon and a recovery in ea
Published 01 Jul, 2016 12:00am
Britain's FTSE ends June on 2016 high

Britain's FTSE ends June on 2016 high

Britain's top share index closed on Thursday at its highest level for 2016, having completely rebounded from a substantial sell-off in the wake of the country's vote to leave the EU. Despite turmoil in the markets following the referendum a week ago, Brit
Published 01 Jul, 2016 12:00am
Dollar edges up in Asia
Currency

Dollar edges up in Asia

The dollar took a breather in Asia on Thursday but remained near a 3-1/2-month high against a basket of currencies hit in the wake of Britain's stunning vote to exit from the European Union, while the battered sterling continued to struggle. The dollar in
Published 01 Jul, 2016 12:00am
Yuan touches six-month low in Europe
Currency

Yuan touches six-month low in Europe

China's yuan hit its weakest level in six months against the dollar in offshore markets on Thursday, hurt by signs from policy sources that Beijing may be willing to see it fall to 6.80 per dollar. Government economists and advisers involved in regular po
Published 01 Jul, 2016 12:00am
Early trade in New York: Dollar rises against sterling, euro
Currency

Early trade in New York: Dollar rises against sterling, euro

The dollar edged higher against sterling and the euro on Thursday after two straight days of declines as investors became more cautious ahead of political announcements in Britain following the country's vote to exit the European Union. Former London Mayo
Published 01 Jul, 2016 12:00am
Sterling, euro rebound for second day in New York

Sterling, euro rebound for second day in New York

The US dollar slipped against the euro and sterling for a second straight day on Wednesday on potential profit-taking and a rebound in risk appetite stemming from reduced concerns surrounding Britain's vote to exit the European Union. Sterling, which suff
Published 01 Jul, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 78.40-78.40 (previous 78.40-78.40).
Published 01 Jul, 2016 12:00am
Sri Lankan rupee one-week forwards rise
Currency

Sri Lankan rupee one-week forwards rise

Sri Lankan rupee one-week forwards ended firmer on Thursday as a state-run bank sold dollars after the central bank intervened to lift the rupee, while dollar selling by a few exporters also helped the currency gain, dealers said. One-week dollar/rupee fo
Published 01 Jul, 2016 12:00am
Most emerging Asian currencies soar
Currency

Most emerging Asian currencies soar

Most emerging Asian currencies rose on Thursday and were set to enjoy monthly gains as sentiment improved on hopes policy makers would step up stimulus efforts to weather any negative economic impact from Britain's messy EU divorce. China's yuan, however,
Published 01 Jul, 2016 12:00am
Sterling skids as BoE chief says UK needs stimulus
Currency

Sterling skids as BoE chief says UK needs stimulus

Sterling skidded to its weakest in more than two years against the euro on Thursday after the head of the Bank of England said more stimulus would probably be needed in Britain over the summer after last week's shock vote to leave the European Union. Gove
Published 01 Jul, 2016 12:00am
Aussie, kiwi hold onto hefty gains
Currency

Aussie, kiwi hold onto hefty gains

The Australian and New Zealand dollars found support on Thursday as the global appetite for risk assets recovered from the shock of Brexit, though speculation about future cuts in domestic interest rates limited their gains. The Australian dollar was park
Published 01 Jul, 2016 12:00am
Aussie Mooy joins Man City

Aussie Mooy joins Man City

Australian Aaron Mooy has signed a three-year deal with Manchester City, moving from sister club Melbourne City, it was announced Thursday. The 25-year-old Socceroo has established himself as one of Australia's top attacking midfielders in recent years, t
Published 01 Jul, 2016 12:00am
Stop-start for McIlroy, hole-in-one for Bjerregaard

Stop-start for McIlroy, hole-in-one for Bjerregaard

Rory McIlroy had a stop-start opening to the 100th French Open at Golf National on Thursday, as Dane Lucas Bjerregaard fired a hole-in-one and opened up a one-shot clubhouse lead. World number four McIlroy managed four birdies against four bogeys in an ev
Published 01 Jul, 2016 12:00am
Majority of athletes clean: Bolt

Majority of athletes clean: Bolt

Sprint king Usain Bolt has praised efforts by athletics chiefs to clamp down on doping in the build-up to August's Olympic Games, saying that "most athletes are clean". In an interview in Thursday's Times of India, the Jamaican was confident of adding to
Published 01 Jul, 2016 12:00am
Seventh seed Bencic out of Wimbledon

Seventh seed Bencic out of Wimbledon

Swiss seventh seed Belinda Bencic became the highest-ranked casualty at Wimbledon when she retired from her second round match against American qualifier Julia Boserup on Thursday. Bencic was 6-4, 1-0 down on Court Three to the world number 225 who is mak
Published 01 Jul, 2016 12:00am
Venus beats court controversy to make third round

Venus beats court controversy to make third round

Venus Williams ignored her exile to Wimbledon's unglamourous Court 18 as the five-time champion defeated Greek qualifier Maria Sakkari 7-5, 4-6, 6-3 on Thursday. Williams, seeded eighth, was a surprise choice to play on one of Wimbledon's smaller outside
Published 01 Jul, 2016 12:00am
Nishikori recovers to reach Wimbledon third round

Nishikori recovers to reach Wimbledon third round

Japan's Kei Nishikori came from behind to down France's Julien Benneteau on Thursday to book his place in the Wimbledon third round. Nishikori, the world number six, won 4-6, 6-4, 6-4, 6-2 on Centre Court in two hours and 36 minutes. The 2014 US Open fina
Published 01 Jul, 2016 12:00am
Noor Zaman wins PAF Squash Academy League

Noor Zaman wins PAF Squash Academy League

Noor Zaman upset current champion Asad Ullah in the marathon five sets final of the Under-13 category of the PAF Squash Academy League-2016 played here at PAF Hashim Khan Squash Complex on Thursday. Director Sports Group Captain Asghar Awan, Director PAF
Published 01 Jul, 2016 12:00am
Mustafizur gets clearance for Sussex

Mustafizur gets clearance for Sussex

The Bangladesh national cricket board has cleared young paceman Mustafizur Rahman to play for English county team Sussex after fears he was suffering burnout, a senior official said on Thursday. The 20-year-old bowling sensation, nicknamed Fizz, was sched
Published 01 Jul, 2016 12:00am
Roy's stunning knock powers England to victory

Roy's stunning knock powers England to victory

Jason Roy fell five runs short of setting a new batting record but his superb 162 still helped England win the fourth ODI against Sri Lanka and take an unassailable 2-0 series lead on Wednesday. Surrey's South African-born opener took centre stage on his
Published 01 Jul, 2016 12:00am
Barca agree deal for France defender Umtiti

Barca agree deal for France defender Umtiti

Barcelona have agreed a 25-million-euro move for France defender Samuel Umtiti from Lyon, the Spanish giants announced Thursday. Barca president Josep Maria Bartomeu said: "Barca have reached an agreement with Lyon to sign him, but it has to be negotiated
Published 01 Jul, 2016 12:00am
Saudi Arabia probes suspected match fixing

Saudi Arabia probes suspected match fixing

Saudi Arabia said on Thursday it is probing possible match fixing in the kingdom's top football league. The General Authority for Sports, a government agency, said the Saudi Arabian Football Federation (SFF) joined the probe into "suspected manipulation o
Published 01 Jul, 2016 12:00am
Wales, Belgium vie for Euro 2016 golden ticket

Wales, Belgium vie for Euro 2016 golden ticket

History awaits the victors as Wales talisman Gareth Bale and rejuvenated Belgium star Eden Hazard lead their respective golden generations into battle in Friday's Euro 2016 quarter-final in Lille. Belgium, second in the FIFA ranking, are desperate to make
Published 01 Jul, 2016 12:00am
New Philippine president Duterte vows to deadly crime war

New Philippine president Duterte vows to deadly crime war

Authoritarian firebrand Rodrigo Duterte was sworn in as the Philippines' president Thursday - and quickly launched a foul-mouthed vow to wipe out drug traffickers and even urged ordinary Filipinos to kill addicts. Duterte, 71, won last month's election in
Published 01 Jul, 2016 12:00am
US human trafficking report blacklists Myanmar
Cotton

US human trafficking report blacklists Myanmar

The United States released its annual human trafficking report Thursday and added eight countries, including Uzbekistan and fledgling democracy Myanmar, to the blacklist of those not doing enough to halt it. Djibouti, Haiti, Papua New Guinea, Sudan, Surin
Published 01 Jul, 2016 12:00am
Ten women killed in new Mediterranean migrant tragedy

Ten women killed in new Mediterranean migrant tragedy

Ten women died Thursday in a new migrant boat accident in the Mediterranean, Italian authorities said as they began the grisly evacuation of hundreds of corpses from a salvaged wreck. The latest tragedy occurred when a rubber dinghy packed with African mi
Published 01 Jul, 2016 12:00am
Putin says Nato provoking arms race 'frenzy'

Putin says Nato provoking arms race 'frenzy'

Russian President Vladimir Putin on Thursday insisted Moscow will not be dragged into an arms race by Nato as he accused the US-led alliance of tearing up the military balance in Europe. The Kremlin strongman warned that Russia "knows how to react adequat
Published 01 Jul, 2016 12:00am
Joint Base Andrews lockdown lifted

Joint Base Andrews lockdown lifted

US Joint Base Andrews outside Washington, the home base of the presidential plane Air Force One, was briefly placed on lockdown Thursday amid reports of a shooter, but the military facility later gave the all-clear. The Washington Post, citing an unnamed
Published 01 Jul, 2016 12:00am
US, Iceland beef up defence deal on rising Russian threat

US, Iceland beef up defence deal on rising Russian threat

Washington and Reykjavik have signed a deal authorising the occasional return of US forces to Iceland - a Nato member with no military of its own - amid rising tensions with Moscow, Iceland's foreign ministry said Thursday. "The security environment in Eu
Published 01 Jul, 2016 12:00am
13 detained over Istanbul airport attack

13 detained over Istanbul airport attack

Turkey on Thursday detained 13 suspected Islamic State jihadists over the deadly Istanbul airport attack, as chilling details emerged of how suicide bombers launched their assault. The death toll from Tuesday's gun and suicide bomb spree at Ataturk airpor
Published 01 Jul, 2016 12:00am
North Korea leader Kim Jong-Un gets new 'top post'

North Korea leader Kim Jong-Un gets new 'top post'

North Korea has created a new, supreme governing commission with leader Kim Jong-Un as its chairman, underlining the 33-year-old's absolute control over every aspect of state policy in the isolated, nuclear-armed nation. The country's legislative body, th
Published 01 Jul, 2016 12:00am
UN judges uphold 22-year jail term for Bosnian Serb leaders

UN judges uphold 22-year jail term for Bosnian Serb leaders

UN war crimes judges on Thursday threw out an appeal by two former top Bosnian Serb officials against their conviction, upholding a 22-year jail term imposed for their roles in "ethnic cleansing" during the 1990s conflict. Mico Stanisic and Stojan Zupljan
Published 01 Jul, 2016 12:00am
Palestinian kills teen in West Bank home, shot dead

Palestinian kills teen in West Bank home, shot dead

A Palestinian attacker stabbed a 13-year-old girl to death at her home in a Jewish settlement in the West Bank on Thursday before being shot dead by security guards, the Israeli army said. The army said the Palestinian killed the girl in her bed after bre
Published 01 Jul, 2016 12:00am
Quartet report says Israel must urgently halt settlement expansion

Quartet report says Israel must urgently halt settlement expansion

A much-awaited report by the diplomatic quartet supporting the Middle East process demands that Israel take urgent steps to halt the expansion of settlements in Palestinian territories, the UN envoy said Thursday. Nickolay Mladenov told the Security Counc
Published 01 Jul, 2016 12:00am
Uzma Adil appointed Ogra chairperson

Uzma Adil appointed Ogra chairperson

The government has appointed Uzma Adil as chief of Oil and Gas Regulatory Authority (Ogra) who will take charge on July 18, it is learnt. After the appointment of chairperson, the quorum of the regulator is complete to review consumer gas prices and appro
Published 01 Jul, 2016 12:00am
Shahbaz approves Child Labour Ordinance

Shahbaz approves Child Labour Ordinance

Punjab chief minister has set the seal of approval on an ordinance which bans hiring children younger under the age of 14, and from working in hazardous conditions. The 2016 Restriction of Employment of Children Ordinance is expected soon after Punjab gov
Published 01 Jul, 2016 12:00am
Shahbaz approves Child Labour Ordinance

Shahbaz approves Child Labour Ordinance

Punjab chief minister has set the seal of approval on an ordinance which bans hiring children younger under the age of 14, and from working in hazardous conditions. The 2016 Restriction of Employment of Children Ordinance is expected soon after Punjab gov
Published 01 Jul, 2016 12:00am
Zubair Safdar made JI media coordinator

Zubair Safdar made JI media coordinator

JI Chief Senator Sirajul Haq has appointed a young leader Zubair Safdar as Media Coordinator of the JI. Muhammad Zubair Safdar is a former Nazim-e-Aalaa of the Islami Jamiat-e-Talaba, and has also worked as assistant secretary general of the International
Published 01 Jul, 2016 12:00am
30 officers promoted to Grade 18

30 officers promoted to Grade 18

The 20th meeting of Provincial Selection Board-II during the current year in a row was held under the chairmanship of Additional Chief Secretary Punjab Shamail Ahmad Khawaja at Civil Secretariat here on Thursday.
Published 01 Jul, 2016 12:00am
Widespread rains forecast across country

Widespread rains forecast across country

Met Office said on Thursday that strong monsoon currents are likely to penetrate in upper parts of the country in next 48 hours. A fresh westerly wave is also expected to approach upper parts of the country on Saturday. Under the influence of these meteor
Published 01 Jul, 2016 12:00am
LCCI urges CAA to stop overcharging, impose uniform rates

LCCI urges CAA to stop overcharging, impose uniform rates

Lahore Chamber of Commerce and Industry has urged the Civil Aviation Authority to stop overcharging and impose equal rates across the country as importers have shifted their 40 percent business from Lahore airport to other airports due to heavy overchargi
Published 01 Jul, 2016 12:00am
Pacra maintains ratings of NIB Bank

Pacra maintains ratings of NIB Bank

The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of NIB Bank Limited (NIB) at "AA-"(Double A Minus) and "A1+" (A One Plus), respectively. These ratings denote a very low expectation of credit risk. The r
Published 01 Jul, 2016 12:00am
Pacra maintains ratings of NIB Bank

Pacra maintains ratings of NIB Bank

The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of NIB Bank Limited (NIB) at "AA-"(Double A Minus) and "A1+" (A One Plus), respectively. These ratings denote a very low expectation of credit risk. The r
Published 01 Jul, 2016 12:00am
Meals for highway motorists

Meals for highway motorists

Highway travellers are getting meals in specially packed Iftar boxes from patrolling officers of the Motorway Police (Central Zone). The announcement came on Thursday from Zonal Commander Deputy Inspector General Mirza Faran Baig as he reviewed the distri
Published 01 Jul, 2016 12:00am
'Justice, education can help eliminate terrorism'

'Justice, education can help eliminate terrorism'

PTI leader Chaudhry Muhammad Sarwar has linked the end of terrorism in the country to justice and education for all. While addressing a function hosted by party leaders Chaudhary Nosher Maan, Ijaz Chaudhary, youth wing leader Sheraz Cheema, Chaudhry Abdul
Published 01 Jul, 2016 12:00am
Unilever partners with 'doctHERs'

Unilever partners with 'doctHERs'

Lifebuoy and doctHERs have agreed to work together for the improvement of healthcare across Pakistan. This was announced during a ceremony held to mark the success of doctHERs who won the third 'HRH The Prince of Wales Young Sustainability Entrepreneur Pr
Published 01 Jul, 2016 12:00am
FCCI delegates discuss commercial issues with US CG

FCCI delegates discuss commercial issues with US CG

Zachray Harkenrider, Consul General of the US Consulate Lahore has said that the USAID is making serious efforts to alleviate rural poverty by helping Pakistan to reinvigorate its agriculture on modern scientific lines. He expressed these views while talk
Published 01 Jul, 2016 12:00am
Punjab CM highlights significance of Pakistan-China relations

Punjab CM highlights significance of Pakistan-China relations

A delegation of journalists belonging to Chinese electronic and print media called on Punjab Chief Minister Muhammad Shahbaz Sharif, here Thursday. The Chief Minister congratulated Chinese government, leadership, people and journalists on 95th anniversary
Published 01 Jul, 2016 12:00am
KP CM terms unregistered foreigners 'real problem'

KP CM terms unregistered foreigners 'real problem'

Khyber Pakhtunkhwa's Chief Minister Pervez Khattak has termed the registration of Afghan refugees as inevitable saying that it is in the larger interest of the region. "Real problem is not refugees, but unregistered foreigners hence serious steps must be
Published 01 Jul, 2016 12:00am
Pesco removes 85 illegal connections

Pesco removes 85 illegal connections

On the directives of Chief Executive Pesco, Anwarul Haq Yousafzai, drive against illegal use of electricity is in full swing across Khyber Pakhtunkhwa. In this connection Pesco Wapda House Peshawar Surveillance teams raided different areas of Peshawar Cir
Published 01 Jul, 2016 12:00am
Compensation cheques distributed among IDPs

Compensation cheques distributed among IDPs

The Political Administration of Bajuar agency has distributed compensation cheques among the Internally Displaced Persons (IDPs) from Charmang volley of the tribal agency Bajaur Political Agent Abdul Amir Khattack distributed the cheques among 89 IDPs of
Published 01 Jul, 2016 12:00am
Flood-hit people: JI leader criticises KP government

Flood-hit people: JI leader criticises KP government

Former MNA and Central Majlis Shura member Jamaat-i-Islami (JI) Mulana Abdul Akbar Chitrali has expressed dismay over the poor measures of the PTI-led provincial government towards mitigating sufferings of flood-affected people of Chitral and rehabilitati
Published 01 Jul, 2016 12:00am
'Country can earn up to $2 billion per annum by selling carbon credits'

'Country can earn up to $2 billion per annum by selling carbon credits'

Pakistan can earn from $400 million to $2 billion annually by selling carbon credits in the international market and the federal government is committed to completing a viable plan under Reducing Emissions from Deforestation and Forest Degradation (REDD+)
Published 01 Jul, 2016 12:00am
KP announces Eid holidays

KP announces Eid holidays

The Government of Khyber Pakhtunkhwa has announced public holidays from 5th July to 8th July 2016(Tuesday, Wednesday, Thursday and Friday) on occasion of Holy Festival of Eid-ul-Fitr. It was notified by Administration Department Government of Khyber Pakht
Published 01 Jul, 2016 12:00am
Closing ceremony of 'Livelihood restoration, protection' today

Closing ceremony of 'Livelihood restoration, protection' today

The closing ceremony of the UN project-'Livelihood Restoration, Protection and Sustainable Empowerment of Vulnerable Peasant Communities in Sindh province (LRP), will be held on Friday (July 1). The Country Directors of International Labour Organisation (
Published 01 Jul, 2016 12:00am
Pakistanis among 9 die in Kuwait fire

Pakistanis among 9 die in Kuwait fire

Nine Asian workers were killed and 12 others injured in a fire Thursday at an old building used to house expat labourers in Kuwait City, the health ministry said. The ministry, quoted by state news agency KUNA, said all the victims were Indians or Pakista
Published 01 Jul, 2016 12:00am
Ceramic, porcelain importers lament high duty on imports

Ceramic, porcelain importers lament high duty on imports

The Chairman, All Pakistan Tiles and Sanitary Merchants Association (Proposed), Muhammad Amin Lasania has claimed that the duties and taxes paid by tiles and porcelain importers is much higher than the taxes paid by manufacturers. He also clamed that ther
Published 01 Jul, 2016 12:00am
Three alleged terrorists killed in Lyari shootout

Three alleged terrorists killed in Lyari shootout

Paramilitary Rangers killed three suspected terrorists in an encounter in Lyari area of Karachi in the wee hours of Thursday. According to Rangers spokesman, Rangers on an intelligence report, launched a search operation in Tughlaq Lane area of Chakiwara
Published 01 Jul, 2016 12:00am
1H2016: PSX outperforms regional peers with 15 percent gain
Currency

1H2016: PSX outperforms regional peers with 15 percent gain

Pakistan's benchmark KSE-100 index's return showed a 15 percent growth in the dollar terms during the first half of 2016 (1H2016) to 37,784. Bulk of this gain of 14 percent (14 percent in USD) was seen in 2Q2016 due to what Saad Hashemi of Topline Securit
Published 01 Jul, 2016 12:00am
Boy shot dead in Lyari

Boy shot dead in Lyari

A boy was shot dead in the metropolis on Thursday. According to rescue sources, a 12-year-old boy was killed by unknown armed men near Kameela stop in Lyari. The body was shifted to the Civil Hospital Karachi (CHK) for medico-legal formalities.
Published 01 Jul, 2016 12:00am
NIT Islamic Income Fund launched

NIT Islamic Income Fund launched

NIT has launched NIT-Islamic Income Fund (NIT-IIF) w.e.f 04th July, 2016 during the holy month of Ramazan. The Fund has been introduced to meet the growing demand for Shariah Compliant Investment products. This is the Third Shariah Compliant Fund which ha
Published 01 Jul, 2016 12:00am
NIT Islamic Income Fund launched

NIT Islamic Income Fund launched

NIT has launched NIT-Islamic Income Fund (NIT-IIF) w.e.f 04th July, 2016 during the holy month of Ramazan. The Fund has been introduced to meet the growing demand for Shariah Compliant Investment products. This is the Third Shariah Compliant Fund which ha
Published 01 Jul, 2016 12:00am
Coal prices rebound to nearly $60

Coal prices rebound to nearly $60

International coal prices have rebounded lately after hitting record lows during 1Q2016, said market analysts at JS Brokerage Research Thursday. The per ton price of coal on Richards Bay index, a widely followed benchmark, has shot up by nine percent MTD
Published 01 Jul, 2016 12:00am
Forex reserves fall $4 million

Forex reserves fall $4 million

The country's total liquid foreign reserves fell slightly $4 million during the last week. According to the State Bank Pakistan (SBP) weekly report issued on Thursday, the country's total liquid foreign reserves stood at $21.766 billion as on June 24, 201
Published 01 Jul, 2016 12:00am
Accountability of PM critical towards ending corruption: Imran

Accountability of PM critical towards ending corruption: Imran

Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on Thursday said that accountability of prime minister Nawaz Sharif was necessary for eliminating corruption from the country. Speaking to media persons after a ceremony for cheque distribution of royalty
Published 01 Jul, 2016 12:00am
Profit, dividend: foreign investors repatriate $1.8 billion in July-May

Profit, dividend: foreign investors repatriate $1.8 billion in July-May

With a healthy growth of 31 percent, foreign investors repatriated $1.8 billion on account of profit and dividend during July-May of this fiscal year (FY16). Economists said that improved financial results of the corporate sector have scaled up repatriati
Published 01 Jul, 2016 12:00am
Court allows Waseem Akhtar to go abroad

Court allows Waseem Akhtar to go abroad

MQM's nominated mayor Waseem Akhtar stated in court on Thursday that he would not run away if allowed to go abroad since his family was in Karachi. A local court was conducting a hearing regarding the petition to stop MQM's nominated mayor Waseem Akhtar f
Published 01 Jul, 2016 12:00am
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