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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-07-06
India's biggest shipping firm to resume sailing to Iran

India's biggest shipping firm to resume sailing to Iran

Shipping Corporation of India (SCI) will resume sailing to Iran this month after a four-year gap, transporting an oil cargo for a state-run refiner, the chairman of India's biggest shipping company said on Tuesday. SCI stopped sailing to Iran in 2012 when
Published 06 Jul, 2016 12:00am
Vietnamese coffee prices rise to near 11-month high

Vietnamese coffee prices rise to near 11-month high

Vietnamese coffee prices rose to a near 11-month high on Tuesday, tracking gains in global robusta futures, while exports were sluggish due to thin demand in external markets, traders said. Sales in the world's largest robusta producing nation have quicke
Published 06 Jul, 2016 12:00am
CBOT wheat futures fall

CBOT wheat futures fall

US wheat futures fell on Friday, pressured by the ongoing harvest of what is expected to be a big crop that will add to the global surplus of the grain. Chicago Board of Trade soft red winter wheat futures hit a nine-year low and K.C. hard red winter whea
Published 06 Jul, 2016 12:00am
Egypt finally settles wheat fungus row

Egypt finally settles wheat fungus row

Egypt's agricultural quarantine authority settled a months-long dispute on Monday over wheat import specifications that have hampered the country's massive state purchasing programme ahead of an anticipated new buying season. Egyptian quarantine authoriti
Published 06 Jul, 2016 12:00am
Deluge topples West European barley ahead of harvest

Deluge topples West European barley ahead of harvest

Torrential spring rains in western Europe have flattened some barley crops, raising concern about grain quality and yields, but it was too early to estimate potential damage with harvesting only just getting under way, analysts said.
Published 06 Jul, 2016 12:00am
Shanghai copper down

Shanghai copper down

Shanghai closed down 1.3 percent to $12,480 a tonne on Tuesday with prices retreating from a two-month peak on concerns over Chinese demand in the second half of the year. "We saw a turnaround in sentiment but the consensus is still very bearish on Chines
Published 06 Jul, 2016 12:00am
Copper slides on producer hedging, rising stocks
Currency

Copper slides on producer hedging, rising stocks

Copper slid on Tuesday after producer hedging, a firm dollar, profit-taking and rising inventories sparked a sharp sell-off, but further losses are likely to be limited due to funds waiting to buy at lower prices. Benchmark copper on the London Metal Exch
Published 06 Jul, 2016 12:00am
Oil slumps four percent on global economic jitters, supply builds

Oil slumps four percent on global economic jitters, supply builds

Oil prices slid more than 4 percent on Tuesday as investors worried that Britain's exit from the European Union would slow the global economy, and as data showed a build in stockpiles at the delivery point for US crude futures. Brexit worries hit Britain'
Published 06 Jul, 2016 12:00am
Rubber down

Rubber down

Benchmark Tokyo rubber futures ended 1.1 percent lower on Tuesday, weighed down by a stronger yen and weak Shanghai futures amid worries over growing demand by top rubber consumer China. The Tokyo Commodity Exchange rubber contract for December delivery f
Published 06 Jul, 2016 12:00am
Malaysian palm oil snaps three sessions of gains

Malaysian palm oil snaps three sessions of gains

Malaysian palm oil futures fell nearly 2 percent on Tuesday and posted their first fall in four sessions, tracking losses in rival vegetable oils. Benchmark palm oil futures for September delivery on the Bursa Malaysia Derivatives Exchange were down 1.9 p
Published 06 Jul, 2016 12:00am
Sugar jumps on tight supply, robusta near one-year high

Sugar jumps on tight supply, robusta near one-year high

White sugar futures on ICE rallied on Tuesday on fears over tight supplies before a contract expiry later this month, while robusta coffee steadied near a one-year high, underpinned by strong physical demand. London cocoa was supported by a weaker pound,
Published 06 Jul, 2016 12:00am
Gold retreats in Asia

Gold retreats in Asia

Gold gave up most of its gains on Tuesday after soaring as much as one percent in the previous session, with the market pulling back as it failed to break a key resistance level. Spot gold was down 0.5 percent at $1,343.76 an ounce as of 0650 GMT. Bullion
Published 06 Jul, 2016 12:00am
Gold slips back below $1,350 in Europe

Gold slips back below $1,350 in Europe

Gold slipped below $1,350 an ounce on Tuesday after the previous day's rally towards a recent two-year high ran out of steam, though prices were supported by continued uncertainty following Britain's vote to leave the European Union. The Brexit vote sent
Published 06 Jul, 2016 12:00am
Cool, cloudy weather worries Ivory Coast cocoa farmers

Cool, cloudy weather worries Ivory Coast cocoa farmers

Cool, cloudy weather and patchy rainfall last week in most of Ivory Coast's cocoa growing regions could hinder the development of the next main crop, farmers said on Monday. The April-September mid crop in the world's top cocoa producer is tailing off and
Published 06 Jul, 2016 12:00am
US MIDDAY: corn, soya plunge

US MIDDAY: corn, soya plunge

US corn and soyabean futures fell sharply on Tuesday, with corn touching its lowest since October 2014, after rain in dry areas of the US Midwest during the three-day holiday weekend bolstered harvest prospects for both crops, traders said. The decline in
Published 06 Jul, 2016 12:00am
Australian rates on hold amid Brexit uncertainty

Australian rates on hold amid Brexit uncertainty

Australia's central bank Tuesday held interest rates steady at an all-time low of 1.75 percent, with uncertainty about the Brexit impact and inflation outlook making it "prudent" to stay on hold. The Reserve Bank of Australia cut the official cash rate fr
Published 06 Jul, 2016 12:00am
Kazakhs, Chevron-led group approve $37 billion Tengiz field expansion

Kazakhs, Chevron-led group approve $37 billion Tengiz field expansion

Kazakhstan and a group of oil companies led by Chevron have approved a $36.8 billion plan to boost production at the Central Asian country's Tengiz field, a rare major investment in an industry hit by low prices and a boost to the local economy.
Published 06 Jul, 2016 12:00am
China changes GDP calculations again

China changes GDP calculations again

China has altered its gross domestic product calculation method for the second time in less than a year, officials said Tuesday, amid doubts among overseas investors about data accuracy. The change in the treatment of research and development spending by
Published 06 Jul, 2016 12:00am
Aviva property fund suspends trading due to Brexit sell-off

Aviva property fund suspends trading due to Brexit sell-off

Aviva Investors suspended trading in its commercial property fund on Tuesday, blaming a surge in redemption requests amid uncertainty on the markets following Britain's vote to leave the European Union. "The extraordinary market circumstances... have resu
Published 06 Jul, 2016 12:00am
Aviva property fund suspends trading due to Brexit sell-off

Aviva property fund suspends trading due to Brexit sell-off

Aviva Investors suspended trading in its commercial property fund on Tuesday, blaming a surge in redemption requests amid uncertainty on the markets following Britain's vote to leave the European Union. "The extraordinary market circumstances... have resu
Published 06 Jul, 2016 12:00am
EU says British tax-cut plan not a good idea

EU says British tax-cut plan not a good idea

The European Union's top economic official on Tuesday criticised a British proposal to slash corporate tax to less than 15 percent following the nation's vote to quit the bloc. Britain's finance minister George Osborne said at the weekend he would seek to
Published 06 Jul, 2016 12:00am
EU says British tax-cut plan not a good idea

EU says British tax-cut plan not a good idea

The European Union's top economic official on Tuesday criticised a British proposal to slash corporate tax to less than 15 percent following the nation's vote to quit the bloc. Britain's finance minister George Osborne said at the weekend he would seek to
Published 06 Jul, 2016 12:00am
Spanish budget airline Vueling cancels 66 flights

Spanish budget airline Vueling cancels 66 flights

Hundreds of passengers were left stranded Tuesday following the sixth straight day of cancellations and major delays involving flights by Spanish budget airline Vueling. The airline, part of British Airways and Iberia's parent group IAG, said it cancelled
Published 06 Jul, 2016 12:00am
US factory orders fall, but rising backlogs hint at stabilization

US factory orders fall, but rising backlogs hint at stabilization

New orders for US factory goods fell in May on weak demand for transportation and defence capital goods, but growing order backlogs and lean inventories suggested the worst of the manufacturing downturn was probably over. The Commerce Department said on T
Published 06 Jul, 2016 12:00am
UBS told to hand client information to French taxman

UBS told to hand client information to French taxman

Swiss banking giant UBS said Tuesday it had been ordered to hand over client information to the French tax authorities, amid allegations it orchestrated a vast system of tax fraud in France. UBS said the Swiss federal tax administration (FTA) had demanded
Published 06 Jul, 2016 12:00am
Eurozone steady business growth seals off modest Q2
Currency

Eurozone steady business growth seals off modest Q2

Eurozone business growth held steady in June, but the modest pace suggested economic growth in the second quarter was half the rate of January-March, even as a rebound in Italy and rapid acceleration in Spain brightened the outlook. In France, the eurozon
Published 06 Jul, 2016 12:00am
Italy's bond yields rise as government counts cost of bank problems

Italy's bond yields rise as government counts cost of bank problems

Italian government borrowing costs rose on Tuesday on signs that Rome will need to use public money to avert a new crisis in its banking sector. Rising yields on Italy's government bonds hauled equivalents in Southern Europe higher while safe havens aroun
Published 06 Jul, 2016 12:00am
Italy's bond yields rise as government counts cost of bank problems

Italy's bond yields rise as government counts cost of bank problems

Italian government borrowing costs rose on Tuesday on signs that Rome will need to use public money to avert a new crisis in its banking sector. Rising yields on Italy's government bonds hauled equivalents in Southern Europe higher while safe havens aroun
Published 06 Jul, 2016 12:00am
Hong Kong shares fall

Hong Kong shares fall

Hong Kong stocks fell on Tuesday as investors locked in some of their profit after three straight sessions of gains with consumer staples and property stocks leading the slide. The Hang Seng index fell 1.5 percent to 20,750.72, and the China Enterprises I
Published 06 Jul, 2016 12:00am
Sri Lankan shares recover

Sri Lankan shares recover

Sri Lankan shares rose on Tuesday, recovering from a near three-month closing low hit in the previous session, as investors picked up battered stocks such as John Keells Holdings Plc. However, the gain was capped as worries about a capital gains tax on eq
Published 06 Jul, 2016 12:00am
Most Southeast Asian stocks retreat

Most Southeast Asian stocks retreat

Most Southeast Asian stocks ended lower on Tuesday as investors booked profits after a broad-based rally over the past few sessions that was driven by hopes central banks would intervene to offset a likely downturn triggered by Britain's decision to leave
Published 06 Jul, 2016 12:00am
China Eastern raises $1.3 billion in private share placement

China Eastern raises $1.3 billion in private share placement

China Eastern Airlines Corp has raised 8.55 billion yuan ($1.28 billion) in a private sale of shares to a group of investors including China's biggest online travel agency Ctrip, which becomes the airline's fifth-biggest shareholder. China's second-larges
Published 06 Jul, 2016 12:00am
China Eastern raises $1.3 billion in private share placement

China Eastern raises $1.3 billion in private share placement

China Eastern Airlines Corp has raised 8.55 billion yuan ($1.28 billion) in a private sale of shares to a group of investors including China's biggest online travel agency Ctrip, which becomes the airline's fifth-biggest shareholder. China's second-larges
Published 06 Jul, 2016 12:00am
China shares rise

China shares rise

China stocks rose on Tuesday on further signs that activity in the services sector is speeding up, and as investors bought shares expected to benefit from reforms. The bluechip CSI300 index gained 0.1 percent to 3,207.38. The Shanghai Composite Index rose
Published 06 Jul, 2016 12:00am
Indian shares snap 6 sessions of gains

Indian shares snap 6 sessions of gains

India's NSE index retreated from a 10-month high and snapped six sessions of gains on Tuesday, as investors paused ahead of announcements by major central banks this week, including the minutes of the US Federal Reserve's June meeting. The broader NSE ind
Published 06 Jul, 2016 12:00am
Miners push European shares down for second day; Italian banks mixed

Miners push European shares down for second day; Italian banks mixed

European shares fell on Tuesday, weighed down by losses among mining stocks, while the Italian bank Monte dei Paschi plunged to a fresh record low on continued worries about its capital strength. The pan-European STOXX 600 index was down 1.6 percent by 08
Published 06 Jul, 2016 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks fell on Tuesday, dragged down by a selloff in most other Asian indexes, and as investors awaited trade data later in the week. Taiwan's wholesale price index fell in June from a year ago, its 21st straight month of contraction, while a rise
Published 06 Jul, 2016 12:00am
Australian shares fall, New Zealand up

Australian shares fall, New Zealand up

Australian shares fell 1.0 percent on Tuesday, with the financial sector hardest hit as political uncertainty at home after an inconclusive election hurt sentiment, while New Zealand's bourse rose on an uptick in business confidence. The S&P/ASX 200 index
Published 06 Jul, 2016 12:00am
FTSE turns higher after new Bank of England stimulus

FTSE turns higher after new Bank of England stimulus

Britain's top shares index rose on Tuesday, lifted by new measures from the Bank of England to prop up the economy in the wake of the country's vote to leave the European Union. The bluechip FTSE 100 index initially fell by some 0.6 percent but then rose
Published 06 Jul, 2016 12:00am
Canadian dollar weakens
Currency

Canadian dollar weakens

The Canadian dollar weakened against its US counterpart and most other global currencies on Tuesday, with uncertainty about the resiliency of economic growth in the face of a slower China and divided Europe weighing on the risk-sensitive loonie. The retre
Published 06 Jul, 2016 12:00am
Serbia buys euros to stem dinar gains

Serbia buys euros to stem dinar gains

Serbia's central bank purchased euros on the interbank market on Tuesday to stem gains in the dinar, two days before the bank's regular rate setting meeting, dealers said. The dinar was trading at about 123.15 to the euro before the intervention, roughly
Published 06 Jul, 2016 12:00am
Yuan extends losses for fourth session
Currency

Yuan extends losses for fourth session

The yuan extended losses for a fourth session against the dollar on Tuesday, touching a fresh 5-1/2-year low and raising concerns the central bank is letting the Chinese currency slide further. "Our clients are getting edgy given the yuan has hit multi-ye
Published 06 Jul, 2016 12:00am
Profit-taking weighs on Asia FX
Currency

Profit-taking weighs on Asia FX

Most emerging Asian currencies eased on Tuesday, tracking weakness in stock markets, as traders booked profits ahead of regional holidays and key US job data later this week. The Chinese yuan touched a fresh 5-1/2-year low after the central bank fixed a w
Published 06 Jul, 2016 12:00am
Aussie subdued, RBA provides the briefest of boosts

Aussie subdued, RBA provides the briefest of boosts

The Australian dollar staged a fleeting rally on Tuesday after the central bank gave no clear guidance on whether it would ease again, leaving markets wondering if it had switched back to a neutral stance. The Aussie climbed as far as $0.7545 from around
Published 06 Jul, 2016 12:00am
Yen soars, Australian dollar slips in Asia

Yen soars, Australian dollar slips in Asia

The Australian dollar slipped on Tuesday as the central bank held steady and analysts speculated that easing could lie ahead, while the perceived safe-haven yen got a lift from worrying signs in China's service sector. Trading was subdued with no directio
Published 06 Jul, 2016 12:00am
Sri Lankan rupee edges down
Currency

Sri Lankan rupee edges down

The Sri Lankan rupee ended weaker in one-week forwards on Tuesday as late importer dollar demand surpassed greenback sales by a foreign bank, while the market waited for a policy statement from the new central bank governor, dealers said. Speaking in his
Published 06 Jul, 2016 12:00am
Early trade in New York: Yen surges, pound plunges
Currency

Early trade in New York: Yen surges, pound plunges

The safe-haven yen rose sharply against the euro and dollar while sterling fell to its lowest in more than 30 years on Tuesday, as currency markets fretted about more signs of economic stress stemming from Britain's decision to leave the European Union. T
Published 06 Jul, 2016 12:00am
Yen surges, sterling falls in Europe as UK nerves grow
Currency

Yen surges, sterling falls in Europe as UK nerves grow

The Japanese yen rose almost one percent against the euro and dollar while sterling fell to new long-term lows on Tuesday as currency markets priced in more signs of economic stress stemming from Britain's vote to leave the European Union. After a shockin
Published 06 Jul, 2016 12:00am
Sterling skids to new 31-year low on Brexit worries
Currency

Sterling skids to new 31-year low on Brexit worries

Sterling slumped to a 31-year low against the dollar and a 2-1/2 year trough against the euro on Tuesday, as investors worried about the economic and financial fallout of Britain's vote to leave the European Union. The pound, which has borne the brunt of
Published 06 Jul, 2016 12:00am
Euro 2016 final pitch will be 'good' but 'not excellent'

Euro 2016 final pitch will be 'good' but 'not excellent'

The Stade de France pitch for the Euro 2016 final will be good but not excellent, a top UEFA official warned Tuesday. The pitches at three Euro venues have been criticised and the Lille pitch had to be relaid in mid-tournament. The pitches at Marseille, t
Published 06 Jul, 2016 12:00am
Wales jibes fire Bale for Euro semi-final

Wales jibes fire Bale for Euro semi-final

Gareth Bale will have the taunts of team-mates past and present echoing in his memory when he takes to the field for Wales in Wednesday's Euro 2016 semi-final against Portugal. Bale saw five major tournaments come and go over the first 10 years of his car
Published 06 Jul, 2016 12:00am
US basketball player banned for life in South Korea

US basketball player banned for life in South Korea

A US-born basketball star accused of forging birth certificates was banned for life in South Korea Tuesday, after she tried to qualify as a local to play in the domestic league. Centre Chelsey Lee and her two agents are suspected of fabricating her and he
Published 06 Jul, 2016 12:00am
Barca hit by $52.2 million property ruling

Barca hit by $52.2 million property ruling

Barcelona must pay 47 million euros ($52.2 million) to a real-estate firm for a cancelled land sale after a court ruling, the club said Tuesday, in the latest financial blow to the Spanish football giants. Barca received 35.4 million euros in 2005 after a
Published 06 Jul, 2016 12:00am
Asian Junior Badminton from July 9

Asian Junior Badminton from July 9

Pakistan badminton team is participating in the Asian Junior Badminton Championship being staged in Thailand from July 9 to 11. Pakistan badminton selection committee has already selected the national junior team after holding one month training camp whic
Published 06 Jul, 2016 12:00am
Shandur polo event, festival from July 22

Shandur polo event, festival from July 22

Special Assistant to Chief Minister for Tourism Abdul Monim has said Shandur polo event and festival would start from July 22 to 24. Presiding over a meeting, he said that representatives of Gilgit-Baltistan and Chitral have agreed on the dates of Shandur
Published 06 Jul, 2016 12:00am
Russia says 68 athletes asked to compete in Rio

Russia says 68 athletes asked to compete in Rio

Russia's athletics federation on Tuesday published a list of the 68 athletes who have formally requested to be allowed to compete at the Rio Olympics following a decision to suspend the track and field team. The athletes have "met the criteria" to partici
Published 06 Jul, 2016 12:00am
Kerber reaches semis

Kerber reaches semis

Germany's Australian Open champion Angelique Kerber reached her second Wimbledon semi-final on Tuesday and edged closer to the world number one spot. The fourth-seeded left-hander emerged victorious over Simona Halep, the fifth seed from Romania, 7-5, 7-6
Published 06 Jul, 2016 12:00am
Venus in first Wimbledon semi-final since 2009

Venus in first Wimbledon semi-final since 2009

Five-time champion Venus Williams swept into her first Wimbledon semi-final since 2009 with a 7-6 (7/5), 6-2 victory over Kazakhstan's Yaroslava Shvedova on Tuesday. Aged 36, Venus is the oldest women's semi-finalist since Martina Navratilova in 1994 as s
Published 06 Jul, 2016 12:00am
Troubled Rio hits one month countdown to Olympics

Troubled Rio hits one month countdown to Olympics

A crime-plagued, cash-strapped Rio de Janeiro on Tuesday enters the one-month countdown to becoming the first South American city to host the Olympics. Stadiums are all ready - barring finishing touches - and within weeks, Brazil expects to greet at least
Published 06 Jul, 2016 12:00am
Azhar century builds on Aamir haul in Pakistan opener

Azhar century builds on Aamir haul in Pakistan opener

Azhar Ali made an unbeaten century to strengthen Pakistan's position on the final day of their England tour opener against Somerset at Taunton on Tuesday. Ali (101 not out) and Asad Shafiq (69 not out) shared a stand of 138 in 30 overs as Pakistan made 23
Published 06 Jul, 2016 12:00am
Kiarostami, giant of Iran cinema, dies

Kiarostami, giant of Iran cinema, dies

Tributes poured in on Tuesday for Iranian film-maker Abbas Kiarostami, acclaimed as a "towering figure" in world cinema, following his death in France at the age of 76. Kiarostami, who won the coveted Palme d'Or at the Cannes Film Festival in 1997 for "Ta
Published 06 Jul, 2016 12:00am
Nearly 30,000 'foreign terrorists' in Syria, Iraq: UN

Nearly 30,000 'foreign terrorists' in Syria, Iraq: UN

Nearly 30,000 "foreign terrorist fighters" are currently in Syria and Iraq, a high-ranking UN official said Tuesday, warning that the risk of attacks in their home countries was growing. "The number of foreign terrorist fighters is very high" in war-ravag
Published 06 Jul, 2016 12:00am
English junior doctors reject new contract in long-running row

English junior doctors reject new contract in long-running row

Junior doctors in England on Tuesday rejected a new government contract, ramping up a long-running row that has already led to an all-out strike. Physicians voted 58 to 42 percent in favour of rejecting a proposed package on work and pay conditions, a mov
Published 06 Jul, 2016 12:00am
Nepal landslides kill 11 after heavy rains

Nepal landslides kill 11 after heavy rains

Landslides triggered by heavy rains killed 11 people in western Nepal on Tuesday, including a teenage boy and four young girls, police said. An overnight downpour sent mud and stones hurtling down the slopes of the hilly district of Pyuthan, burying two h
Published 06 Jul, 2016 12:00am
Japan, US to limit legal protection for base personnel

Japan, US to limit legal protection for base personnel

Some US civilians working on military bases in Japan are likely to lose their protected legal status under planned changes announced Tuesday, as anger rages over the rape and murder of a local woman. The promised moves come after civilian worker Kenneth F
Published 06 Jul, 2016 12:00am
Obama celebrates US military, daughter's 18th birthday on July 4 holiday

Obama celebrates US military, daughter's 18th birthday on July 4 holiday

US President Barack Obama celebrated the country's military as well as his daughter Malia's 18th birthday at the White House to mark America's Independence Day holiday on Monday. "We all know that our freedoms are dependent on an incredible group of men a
Published 06 Jul, 2016 12:00am
French labour law poised for passage as protesters gather

French labour law poised for passage as protesters gather

The French Socialist government was reportedly poised Tuesday to push through labour reforms without a vote as protesters gathered for their 12th show of opposition to the controversial package since March. "The decision has been taken and the prime minis
Published 06 Jul, 2016 12:00am
More than 120 dead in China floods

More than 120 dead in China floods

Heavy rain around China's Yangtze river basin has left 128 people dead and scores missing, media said Tuesday, with more damage feared from a typhoon expected to land this week. Flooding has forced some 1.3 million people to evacuate vast areas near China
Published 06 Jul, 2016 12:00am
Car bomb kills policeman in rebel-hit Thai south

Car bomb kills policeman in rebel-hit Thai south

A car bomb in Thailand's conflict-hit south killed a policeman and wounded two others Tuesday, as the kingdom's junta chief vowed to boost security in the Muslim-majority region during Ramadan. The blast, which hit a police checkpoint sending debris and a
Published 06 Jul, 2016 12:00am
Australia PM takes 'full responsibility' for poll debacle

Australia PM takes 'full responsibility' for poll debacle

Australian leader Malcolm Turnbull took full responsibility Tuesday for a disastrous election campaign which has left his government in doubt, but said he would not resign. The final result from Saturday polls is still unclear, but Turnbull's conservative
Published 06 Jul, 2016 12:00am
Chinese, Japanese warplanes in close encounter

Chinese, Japanese warplanes in close encounter

Beijing and Tokyo were at loggerheads Tuesday over accusations Japanese warplanes locked their fire control radar onto Chinese aircraft, as state-run Chinese media said the country needed to be ready for "military confrontation" elsewhere. Beijing has lon
Published 06 Jul, 2016 12:00am
Online IPOs: SECP to develop roadmap with banks' help

Online IPOs: SECP to develop roadmap with banks' help

The Securities and Exchange Commission of Pakistan (SECP) has decided to develop a roadmap in coordination with commercial banks for enabling investors to apply for Initial Public Offerings (IPOs) online/electronically to facilitate investors by giving th
Published 06 Jul, 2016 12:00am
Pakistan Embassy secures release of 82 prisoners in Bahrain

Pakistan Embassy secures release of 82 prisoners in Bahrain

The Embassy of Pakistan in Bahrain has successfully secured the release of 82 Pakistani prisoners, under a Royal Pardon granted by King Hamad Bin Isa Al Khalifa on the happy occasion of Eid ul Fitr. The release of large number of Pakistanis was the result
Published 06 Jul, 2016 12:00am
Eid shopping gains momentum in Peshawar

Eid shopping gains momentum in Peshawar

Despite loadshedding, inflation and rising temperature, Eid shoppers are high in spirit to buy accessories related to Eid and visiting various markets and shopping malls of provincial capital Peshawar. As Eid-ul-Fitr, a major Muslim ritual festival is aro
Published 06 Jul, 2016 12:00am
Debt, equity securities: SECP decides to streamline listing process

Debt, equity securities: SECP decides to streamline listing process

The Securities and Exchange Commission of Pakistan (SECP) will carry out a comprehensive exercise wherein the listing process for both debt and equity securities will be holistically reviewed to streamline the process. The SECP's Capital Market Developmen
Published 06 Jul, 2016 12:00am
President returns home after Umrah

President returns home after Umrah

President Mamnoon Hussain on Tuesday returned to the country from Saudi Arabia after performing Umrah. The President, besides performing Umrah, also paid his respects at Roza-e-Rasool (Peace Be Up on Him) in Madina.
Published 06 Jul, 2016 12:00am
Licences of 16 non-performing E&P commpanies revoked

Licences of 16 non-performing E&P commpanies revoked

The Directorate General Petroleum Concession (DGPC) Ministry of Petroleum has revoked licences of 16 non-performing exploration and production (E&P) companies, it was learnt. According to Petroleum Ministry sources, three lease licences of Paige, two of N
Published 06 Jul, 2016 12:00am
PIMA directs doctors to start relief activities in Chitral

PIMA directs doctors to start relief activities in Chitral

President, Pakistan Islamic Medical Association (PIMA) Dr Abdul Malik has expressed his deep sorrow over the loss of lives caused by the recent floods in Chitral district. He directed to the local PIMA doctors to start the medical relief activities in the
Published 06 Jul, 2016 12:00am
Flood-hit Chitral: rescue operation in full swing

Flood-hit Chitral: rescue operation in full swing

Rescue operation in Chitral s Ursoon village is underway as more than 500 tents have been distributed among the victims on Tuesday. Relief operation is in full swing in the rain and flood affected areas of Drosh in district Chitral, according to Provincia
Published 06 Jul, 2016 12:00am
Transporters overcharging commuters

Transporters overcharging commuters

Owners of public transport vehicles, plying on inter-district routes, are fleecing commuters with artificial fares, as people from other cities started leaving for their hometowns to celebrate Eid with their relatives. A number of commuters told this scri
Published 06 Jul, 2016 12:00am
JI leader terms blasts in Saudi cities big tragedy

JI leader terms blasts in Saudi cities big tragedy

Acting Chief of Jamaat-e-Islami, Pakistan, Liaqat Baloch, has termed the blasts in the Saudi cities as a great tragedy and said the Pakistani nation stood by the government and the people of Saudi Arabia in this hour of crisis. The JI acting chief said ap
Published 06 Jul, 2016 12:00am
Magneto-Hydro-Tropism: Pakistani scientists make gigantic breakthrough

Magneto-Hydro-Tropism: Pakistani scientists make gigantic breakthrough

A team of Pakistani scientists has made a gigantic breakthrough by carrying out the first scientific demonstration of Magneto-Hydro-Tropism (MHT) - on the forefront of global scientific establishments. Professor Qadhi Aurangzeb Al-Hafi - the principal dis
Published 06 Jul, 2016 12:00am
Government urged to review agriculture sector-related policies
Cotton

Government urged to review agriculture sector-related policies

Food security could become one of the biggest challenges in near future therefore the government should review the agriculture sector related policies without any delay. Lahore Chamber of Commerce and Industry (LCCI) President Sheikh Muhammad Arshad state
Published 06 Jul, 2016 12:00am
Businessmen condemn terrorist suicide attacks

Businessmen condemn terrorist suicide attacks

Business community of Southern Punjab has condemned deadly terrorist attack near Masjid-e-Nabvi in Madinah Munawwara describing it a shameful act to terrorise the faithful.
Published 06 Jul, 2016 12:00am
LCCI condemns terrorist attacks in Saudi Arabia

LCCI condemns terrorist attacks in Saudi Arabia

Lahore Chamber of Commerce and Industry (LCCI) while strongly condemning the barbaric act of terrorism in Saudi Arabia has said that Pakistani nation in general and business community in particular stands shoulder to shoulder with their Saudi brothers. Te
Published 06 Jul, 2016 12:00am
Punjab allocates Rs 629 million to women development sector

Punjab allocates Rs 629 million to women development sector

Punjab government has earmarked Rs 629 million in the Development Programme 2016-17 for women development sector. Major part of the proposed allocation for 2016-17 will be utilized to increase awareness among women in Punjab about their rights and availab
Published 06 Jul, 2016 12:00am
PEF extends Eid greetings

PEF extends Eid greetings

Chairman Punjab Education Foundation (PEF) Qamar ul Islam Raja and Managing Director Tariq Mahmood have congratulated the school partners, their students and teachers on the auspicious day of Eid-ul-Fitr.
Published 06 Jul, 2016 12:00am
PDWP approves 7 development schemes worth Rs 1.14 billion

PDWP approves 7 development schemes worth Rs 1.14 billion

The Punjab Provincial Development Working Party approved seven development schemes of various Development Sectors with an estimated cost of Rs 11467.458 million including widening of roads in south Punjab costing Rs 5875.051 million. These schemes were ap
Published 06 Jul, 2016 12:00am
CTD, agencies foils terror bid in Karachi

CTD, agencies foils terror bid in Karachi

Counter Terrorism Department (CTD) and intelligence agencies in a joint operation arrested a terrorist of a banned outfit and recovered a hand grenade and four kilograms of explosive material from his possession in the wee hours of Tuesday. According to S
Published 06 Jul, 2016 12:00am
Eid shopping at its climax in Hyderabad

Eid shopping at its climax in Hyderabad

Eid shopping in Hyderabad has reached its peak as people are giving final shape to preparation for Eid celebrations. Great rush is being witnessed in Bazaars and shopping areas since last four day and majority of the people particularly women are visiting
Published 06 Jul, 2016 12:00am
PESCO's CE assures resolution of electricity problems

PESCO's CE assures resolution of electricity problems

A representative delegation of elders of district Nowshera's Akbarpura under the leadership of Additional Secretary National Security Division Islamabad Khushdil Khan Malik called on the Chief Executive PESCO Anwarul Haq Yousafzai at his office in Peshawa
Published 06 Jul, 2016 12:00am
SECP notifies Valuers Registration and Governance

SECP notifies Valuers Registration and Governance

The Securities and Exchange Commission of Pakistan (SECP) notified the draft Valuers Registration and Governance Regulations in April 2016 and placed them on its website to obtain public comments. The regulations have been developed under the existing pro
Published 06 Jul, 2016 12:00am
Hattar industrial city: KP CM for announcing industrial plots

Hattar industrial city: KP CM for announcing industrial plots

Chief Minister Khyber Pakhtunkhwa Pervez Khattak directed to formally announce industrial plots in Hattar industrial city, proposed Rashakai industrial city and Kohat/Karrak industrial city. He issued these directives during a presentation held at Chief M
Published 06 Jul, 2016 12:00am
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