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Nov 16, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-07-10
Russia grants broader access to exchanges before Urals futures launch

Russia grants broader access to exchanges before Urals futures launch

Russia has granted foreign firms direct access to commodities trading on Russian exchanges in a move intended to facilitate the launch of Urals crude futures later this year. Russia's largest commodities exchange said on Wednesday foreign companies could
Published 10 Jul, 2016 12:00am
Treasuries outlook: short-term yields rise after stronger US jobs data

Treasuries outlook: short-term yields rise after stronger US jobs data

Short-dated US Treasury yields edged higher on Friday after surprisingly strong US jobs data raised expectations slightly for a Federal Reserve rate hike this year, while long-dated yields hovered near record lows on persistent concerns about global growt
Published 10 Jul, 2016 12:00am
Treasuries outlook: short-term yields rise after stronger US jobs data

Treasuries outlook: short-term yields rise after stronger US jobs data

Short-dated US Treasury yields edged higher on Friday after surprisingly strong US jobs data raised expectations slightly for a Federal Reserve rate hike this year, while long-dated yields hovered near record lows on persistent concerns about global growt
Published 10 Jul, 2016 12:00am
UK government debt sale attracts strongest demand since 2013

UK government debt sale attracts strongest demand since 2013

A sale of British government bonds generated the strongest demand from investors in more than three years, reflecting the rush for sovereign debt around the world since Britain's decision to leave the European Union. The Debt Management Office said the bi
Published 10 Jul, 2016 12:00am
UK government debt sale attracts strongest demand since 2013

UK government debt sale attracts strongest demand since 2013

A sale of British government bonds generated the strongest demand from investors in more than three years, reflecting the rush for sovereign debt around the world since Britain's decision to leave the European Union. The Debt Management Office said the bi
Published 10 Jul, 2016 12:00am
Busiest week of year on deck for ABS market

Busiest week of year on deck for ABS market

Bankers are readying at least US $8.4bn of ABS for sale next week that could make it the busiest period for primary asset-backed supply this year. The torrent of deals include trades from brand-name companies Dell, CarMax, Nissan and Verizon that bundle e
Published 10 Jul, 2016 12:00am
Busiest week of year on deck for ABS market

Busiest week of year on deck for ABS market

Bankers are readying at least US $8.4bn of ABS for sale next week that could make it the busiest period for primary asset-backed supply this year. The torrent of deals include trades from brand-name companies Dell, CarMax, Nissan and Verizon that bundle e
Published 10 Jul, 2016 12:00am
S&P 500 brushes record high after blowout jobs report

S&P 500 brushes record high after blowout jobs report

The benchmark S&P 500 stock index brushed against its record closing high on Friday as Wall Street rallied after a much-larger-than-expected jump in jobs growth confirmed the US economy has regained speed after a first-quarter lull. The S&P briefly traded
Published 10 Jul, 2016 12:00am
Bitcoin 'miners' face fight for survival as new supply halves
Currency

Bitcoin 'miners' face fight for survival as new supply halves

Marco Streng is a miner, though he does not carry a pick around his base in south-western Iceland. Instead, he keeps tens of thousands of computers running 24 hours a day in fierce competition with others across the globe to earn bitcoins. In the world of
Published 10 Jul, 2016 12:00am
Canadian dollar declines
Currency

Canadian dollar declines

The Canadian dollar weakened against its US counterpart on Friday after data showed the domestic economy unexpectedly shed 700 jobs and US employment growth surged in June. The currency hit is weakest level since June 28 shortly after the release of the d
Published 10 Jul, 2016 12:00am
Dollar dips as Fed unlikely to hike this year even with US jobs
Currency

Dollar dips as Fed unlikely to hike this year even with US jobs

The dollar slid against the yen and some currencies on Friday in choppy trading on the view that the much stronger-than-expected US employment payrolls report will not persuade the Federal Reserve just yet to raise interest rates again this year. The gree
Published 10 Jul, 2016 12:00am
China bank says to keep appropriate liquidity, stable yuan
Currency

China bank says to keep appropriate liquidity, stable yuan

China's central bank said on Monday that it would use various policy tools to maintain appropriate liquidity and reasonable growth in credit and social financing. The People's Bank of China said it would continue to implement a prudent monetary policy and
Published 10 Jul, 2016 12:00am
Speculators boost dollar, yen bets for safety post-Brexit
Currency

Speculators boost dollar, yen bets for safety post-Brexit

Currency speculators raised their net long position on the US dollar and Japanese yen as they sought safety two weeks after the United Kingdom's shock vote to exit the European Union. The value of the dollar's net long position rose to $4.18 billion in th
Published 10 Jul, 2016 12:00am
Analysts nudge up forecasts for Australia, New Zealand dollars

Analysts nudge up forecasts for Australia, New Zealand dollars

Analysts have nudged up their outlook for the Australian and New Zealand dollars as relatively high bond rates at home and a plunge in the British pound made the Antipodean currencies more attractive to yield-hungry investors. A Reuters poll of 55 analyst
Published 10 Jul, 2016 12:00am
More Brexit pain seen for pound; Bank of England to cut rates
Currency

More Brexit pain seen for pound; Bank of England to cut rates

The Bank of England will probably wait until August to make any policy move to offset the hit to the economy from Britain's decision to leave the European Union, but the pound has more pain ahead, a Reuters polls showed on Tuesday. Governor Mark Carney ha
Published 10 Jul, 2016 12:00am
Johnson pulls out of Olympics over Zika concerns

Johnson pulls out of Olympics over Zika concerns

World number two Dustin Johnson, who won his first major title at the US Open Golf Championship in June, won't play in the Rio Olympics because of concerns over the Zika virus. In a statement released to the Golf Channel on Friday by his agent, David Wink
Published 10 Jul, 2016 12:00am
Russian swimmer Simonova gets four-year doping ban

Russian swimmer Simonova gets four-year doping ban

Russian breastroke swimmer Vitalina Simonova has been suspended for four years after testing positive for a banned substance, the International Swimming Federation (FINA) has announced. The test result related to an out of competition sample the 23-year-o
Published 10 Jul, 2016 12:00am
Pepe fit for Euro 2016 final

Pepe fit for Euro 2016 final

Portugal centre-back Pepe declared himself fit on Saturday for Sunday's Euro 2016 final against hosts France at Stade de France. The wily Real Madrid defender, 33, missed Portugal's 2-0 semi-final win over Wales on Wednesday due to a thigh injury, with Br
Published 10 Jul, 2016 12:00am
France want to make 'history' after team strife: skipper Lloris

France want to make 'history' after team strife: skipper Lloris

France want to write football "history" by winning the Euro 2016 final at home six years after a damaging player revolt and as the country recovers from the Paris attacks, captain Hugo Lloris said Saturday. With Cristiano Ronaldo's Portugal also riding a
Published 10 Jul, 2016 12:00am
Merritt romps to fast 200 metres, Rollins shocks in hurdles

Merritt romps to fast 200 metres, Rollins shocks in hurdles

LaShawn Merritt ran the fastest 200 metres in the world this year and Brianna Rollins shocked American record holder Keni Harrison in a world class 100m hurdles final at the US Olympic trials on Friday. Merritt, already on the US team as the trials' 400m
Published 10 Jul, 2016 12:00am
PCB, Pakistan team express grief over Edhi's demise

PCB, Pakistan team express grief over Edhi's demise

The news of Abdul Sattar Edhi's passing away was received with great sense of loss and extreme sorrow permeating in Team Pakistan's camp. Chairman PCB, who spent the day with the team here at Hove, along with manager Intikhab Alam and skipper Misbah-ul-Ha
Published 10 Jul, 2016 12:00am
Wimbledon final opportunity knocks for Murray

Wimbledon final opportunity knocks for Murray

Andy Murray finds himself in the unusual position of favourite to lift a second Wimbledon title on Sunday with fate seemingly doing its best to make sure the British star captures a third career Grand Slam crown. The 29-year-old world number two faces Mil
Published 10 Jul, 2016 12:00am
UEFA dismisses doping case against Sakho

UEFA dismisses doping case against Sakho

UEFA has dismissed its doping case against France and Liverpool defender Mamadou Sakho. "The proceedings against Mr Sakho related to a violation of the UEFA anti-doping regulations after the player failed a doping test (in March)," European football's rul
Published 10 Jul, 2016 12:00am
Serena wins seventh Wimbledon, record-equalling 22nd major title

Serena wins seventh Wimbledon, record-equalling 22nd major title

Serena Williams powered to her seventh Wimbledon crown as the world number one finally claimed a record-equalling 22nd major title with a 7-5, 6-3 victory over Angelique Kerber in Saturday's final. Williams had been stuck on 21 Grand Slams since winning l
Published 10 Jul, 2016 12:00am
First Russian tourist flight since crisis lands in Turkish resort

First Russian tourist flight since crisis lands in Turkish resort

The first Russian flight carrying package tourists to Turkey since a diplomatic crisis erupted eight months ago landed on Saturday in the Turkish Mediterranean resort of Antalya. The Rossiya Airlines plane touched down at Antalya's international airport a
Published 10 Jul, 2016 12:00am
Ex-Louis Berger executives sentenced in US over foreign bribe scheme

Ex-Louis Berger executives sentenced in US over foreign bribe scheme

Two former executives at New Jersey-based construction management company Louis Berger have been sentenced for their roles in a scheme to secure government contracts by bribing foreign officials, US prosecutors said. James McClung, 60, was sentenced on Th
Published 10 Jul, 2016 12:00am
British MPs to vote on nuclear deterrent this month

British MPs to vote on nuclear deterrent this month

Britain's parliament will vote this month on renewing the Trident nuclear weapons programme, Prime Minister David Cameron said Saturday as he sought to reassure Nato allies alarmed by Brexit. Cameron's announcement at a Nato summit in Warsaw comes as the
Published 10 Jul, 2016 12:00am
Beijing holds South China Sea war games before ruling?

Beijing holds South China Sea war games before ruling?

Beijing has begun military drills in the South China Sea, state media reported Saturday ahead of a ruling by an international arbitration court on a dispute with the Philippines over the strategic waters. The navy Friday carried out "combat exercises" wit
Published 10 Jul, 2016 12:00am
'Killing Fields' reporter Sydney Schanberg dies

'Killing Fields' reporter Sydney Schanberg dies

Sydney Schanberg, the Pulitzer Prize-winning correspondent who chronicled the Khmer Rouge's brutal rise to power in Cambodia in the 1970s, died Saturday at age 82. That gripping account by Schanberg and his story of his Cambodian friend and assistant Dith
Published 10 Jul, 2016 12:00am
Modi pays homage to Gandhi in South Africa

Modi pays homage to Gandhi in South Africa

Indian Prime Minister Narendra Modi on Saturday followed in Mahatma Gandhi's footsteps in South Africa, where the liberation hero forged his famed policy of non-violent civil disobedience. Modi is on the second leg of a five-day African trip which began i
Published 10 Jul, 2016 12:00am
British Labour chief to face leadership challenge

British Labour chief to face leadership challenge

Britain's main opposition Labour faces a leadership battle after a challenger to Jeremy Corbyn finally stepped forward Saturday following a Brexit vote which pitched politics into turmoil and the economy into uncertainty. Lawmaker Angela Eagle is to stand
Published 10 Jul, 2016 12:00am
Russia says two US diplomats expelled in tit-for-tat move

Russia says two US diplomats expelled in tit-for-tat move

Moscow on Saturday said it had expelled two US diplomats as a retaliatory move after Washington turfed out two Russian officials over an attack on a US embassy worker last month. "After their unfriendly step two employees of the United States embassy had
Published 10 Jul, 2016 12:00am
Boko Haram kills 7 in northeast Nigeria

Boko Haram kills 7 in northeast Nigeria

Boko Haram gunmen killed seven people in a raid on a town in northeast Nigerian Borno state near the border with Cameroon on Saturday, residents told AFP on Saturday. Gunmen on motorcycles stormed the town of Rann in Kalabalge district overnight Friday to
Published 10 Jul, 2016 12:00am
Protests in US cities as Dallas shooting rocks race relations

Protests in US cities as Dallas shooting rocks race relations

Thousands of protesters marched in US cities late Friday, one day after a black extremist shot dead five cops who were protecting a peaceful march against police brutality in Texas. President Barack Obama said he will cut short a foreign trip and visit Da
Published 10 Jul, 2016 12:00am
Tropical storm makes landfall in China

Tropical storm makes landfall in China

A tropical storm made landfall in China Saturday afternoon, the country's national meteorological center said, a day after super Typhoon Nepartak lashed Taiwan with powerful winds and torrential rain. Nepartak, which has weakened to a tropical storm since
Published 10 Jul, 2016 12:00am
150 killed as S Sudan marks independence anniversary
Currency

150 killed as S Sudan marks independence anniversary

The streets of South Sudan's capital were charged with tension on Saturday, the nation's fifth independence anniversary, after an outbreak of heavy fighting on the eve left at least 150 soldiers dead. Friday's violence in the world's youngest country repr
Published 10 Jul, 2016 12:00am
UN air warning site to publish threats more quickly

UN air warning site to publish threats more quickly

A UN website launched as part of a global response to the downing of a Malaysian airliner in 2014 will post warnings about potential attacks against aircraft more quickly but only when they come from the country where the threat originates. The UN's civil
Published 10 Jul, 2016 12:00am
Three killed in PKK car bombing in Turkey

Three killed in PKK car bombing in Turkey

A car bomb attack Saturday blamed on Kurdish militants killed two Turkish soldiers and one civilian in Turkey's troubled southeast, security sources said. At least 10 people were wounded in the attack on a post of the Turkish gendarmerie outside the city
Published 10 Jul, 2016 12:00am
Up to 300,000 Syrians could get Turkish citizenship

Up to 300,000 Syrians could get Turkish citizenship

Up to 300,000 Syrian refugees living in Turkey could be given citizenship under a plan to keep wealthy and educated Syrians in the country, a Turkish newspaper reported on Saturday. President Recep Tayyip Erdogan said on July 2 that Syrian refugees in the
Published 10 Jul, 2016 12:00am
Syrian army extends nationwide ceasefire for 72 hours

Syrian army extends nationwide ceasefire for 72 hours

The Syrian military has extended a nationwide ceasefire that expired on Friday for another 72 hours, state media reported on Saturday. The military high command said in a statement "a regime of calm will be extended for a period of 72 hours from one o'clo
Published 10 Jul, 2016 12:00am
Eid Holidays: Lahore Zoo earns Rs 6.2 million despite complaints

Eid Holidays: Lahore Zoo earns Rs 6.2 million despite complaints

Lahore Zoological Garden earned up to Rs 6.2 million during three days of Eid holidays and recorded 180,000 visitors, Director Shafqat Ali has claimed. He told the Business Recorder on Saturday that although his zoo attempted to attract more visito
Published 10 Jul, 2016 12:00am
Punjab Assembly speaker condoles death

Punjab Assembly speaker condoles death

Punjab Assembly Speaker Rana Muhammad Iqbal here on Saturday has showed grief on the sad demise of great humanitarian, social worker Abdul Sattar Edhi. He termed his services for the mankind as exemplary.
Published 10 Jul, 2016 12:00am
Prime Minister orders issuance of postage stamp

Prime Minister orders issuance of postage stamp

Prime Minister Nawaz Sharif has ordered the postal department for release of postage stamp to honour the renowned Philanthropist and humanitarian Abdul Sattar Edhi. The Prime Minister said that the postage stamp should have the picture and name of Abdul S
Published 10 Jul, 2016 12:00am
Textile industry may be exempted from load-shedding from today

Textile industry may be exempted from load-shedding from today

The textile industry is likely to be exempted from load shedding from 10th of July, said reliable sources from the PEPCO. Sources said the textile industry was vying for resumption of load shedding by the end of the holy month of Ramadan but no decision w
Published 10 Jul, 2016 12:00am
Jimmy saddened by death of Edhi

Jimmy saddened by death of Edhi

Prominent artist, social crusader and peace activist Jimmy Engineer has expressed his heartfelt grief and sorrow over demise of great humanitarian and iconic social worker Abdul Sattar Edhi who breathed his last in Karachi on Friday.
Published 10 Jul, 2016 12:00am
Chandio pays tributes

Chandio pays tributes

The Advisor to Sindh Chief Minister on Information Moula Bux Chandio while paying tributes to the services of iconic social worker Abdul Sattar Edhi has said that he had served the humanity without any discrimination. The support of poor, helpless and nee
Published 10 Jul, 2016 12:00am
Businessmen mourn Edhi death

Businessmen mourn Edhi death

The business community has expressed deep grief and sorrow over the demise of renowned social worker-Abdul Sattar Edhi and termed it a national loss saying that he was icon of Pakistan. The LCCI office bearers; President Sheikh Muhammad Arshad, Senior Vic
Published 10 Jul, 2016 12:00am
Model Town tragedy: Qadri warns of street protests if justice denied

Model Town tragedy: Qadri warns of street protests if justice denied

Pakistan-born Canadian politician Tahir-ul-Qadri has warned the government of street protests if his party Pakistan Awami Tehrik is denied of justice in the 2014 Model Town case. The case, more commonly known as the Model Town tragedy or the Lahore massac
Published 10 Jul, 2016 12:00am
TCKP-run rest houses' profit up 40 percent

TCKP-run rest houses' profit up 40 percent

Profit of the rest houses managed by Tourism Corporation Khyber Pakthunkhwa (TCKP) at Galiyat, Abbottabad registered 40 percent increase during last month. Tourists visiting the tourists attractive areas instead of private hotels are prefer to stay in the
Published 10 Jul, 2016 12:00am
Elahi vows to carry forward mission of Edhi

Elahi vows to carry forward mission of Edhi

Pakistan Muslim League-Q (PML-Q) senior leader and former Deputy Prime Minister Chaudhry Parvez Elahi has expressed grief over demise of great social worker Abdul Sattar Edhi saying his mission should keep moving onward and the government should help Edhi
Published 10 Jul, 2016 12:00am
'Turkish Visa Drop Box Service' launched

'Turkish Visa Drop Box Service' launched

Gerry's Visa Drop Box launched 'Turkish Visa Drop Box Service' from its nationwide offices, including Islamabad, Karachi and Lahore. Now applicants will have the convenience of applying for Turkish visa through one window, with the ease of all related val
Published 10 Jul, 2016 12:00am
Fatima Jinnah's 49th death anniversary observed

Fatima Jinnah's 49th death anniversary observed

The 49th death anniversary of Madre-Millat Mohtarma Fatima Jinnah, sister of Mohammad Ali Jinnah, founder of Pakistan was observed with due reverence and solemnity across the country on Saturday. Various political party and women organisations held confer
Published 10 Jul, 2016 12:00am
Huge cache of arms recovered in Quetta

Huge cache of arms recovered in Quetta

Police and Frontier Corps (FC) personnel recovered huge cache of weapons during search operation in Kalli Shahozai area here on Saturday. According to FC sources, the security forces conducted door-to-door operation and confiscated four 9-mm pistols, one
Published 10 Jul, 2016 12:00am
PSO's teams ensure product availability

PSO's teams ensure product availability

PSO's teams are working during these public holidays to ensure product availability nationwide during Eid. The company has sufficient product available nationwide with days cover of up to 20 days. PSO had planned product availability well ahead of time. M
Published 10 Jul, 2016 12:00am
SSUET Chancellor, VC express condolences

SSUET Chancellor, VC express condolences

Chancellor Jawaid Anwar, Vice Chancellor Professor Dr Syed Jawaid H Rizvi and Registrar Syed Sarfraz Ali of Sir Syed University of Engineering & Technology (SSUET) have expressed their deep sense of grief over the sad demise of revered social activist Abd
Published 10 Jul, 2016 12:00am
Pakistan stands with KSA in fight against terrorism: envoy

Pakistan stands with KSA in fight against terrorism: envoy

Strongly condemning Monday's terror attacks, people from all walks of life have expressed wholehearted support for the government. Commenting on the news, Pakistani Ambassador Manzoorul Haq told the Arab News that terrorists have no religion or country. "
Published 10 Jul, 2016 12:00am
APNS president offers Condolences

APNS president offers Condolences

Renowned philanthropist and social activist Abdul Sattar Edhi passed away leaving a void in the social setup of Pakistan as he selflessly served the ailing and the needy of Pakistan. APNS pays tribute to the legendary humanitarian who spent his entire lif
Published 10 Jul, 2016 12:00am
Traders suspend business to mourn Edhi's demise

Traders suspend business to mourn Edhi's demise

Markets on Saturday remained closed in the metropolis, as traders mourned the death of renowned social worker - Abdul Sattar Edhi. Traders paid homage to late Abdul Sattar Edhi by keeping markets closed across the city on the first day of business after t
Published 10 Jul, 2016 12:00am
Jamaat-e-Islami terms his demise irreparable loss

Jamaat-e-Islami terms his demise irreparable loss

Jamaat-e-Islami (JI) Karachi chapter's chief Naeem ur Rehman led his party delegation at the funeral prayers of Abdul Sattar Edhi and paid rich tribute to the philanthropist JI Karachi chief also expressed deep sorrow and grief over the demise of globally
Published 10 Jul, 2016 12:00am
FPCCI chief terms death a big national loss

FPCCI chief terms death a big national loss

Abdul Rauf Alam, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Sr Vice President Khalid Tawab, Vice President Mohammad Riaz Khattak and other office bearers expressed their deep sorrow over the sad demise of legend Abd
Published 10 Jul, 2016 12:00am
CPNE condoles death

CPNE condoles death

Council of Pakistan Newspaper Editors (CPNE) has expressed deep grief and sorrow on the sad demise of world-acclaimed social worker Abdul Sattar Edhi. On behalf of the editors of all member newspapers and magazines, CPNE President Zia Shahid, Secretary Ge
Published 10 Jul, 2016 12:00am
Edhi most deserving person for Nobel Peace Prize: Malala

Edhi most deserving person for Nobel Peace Prize: Malala

With Abdul Sattar Edhi's demise, the campaign to get him a posthumous Nobel Peace Prize, which is given on rare occasions, is getting stronger in Pakistan. Most Pakistanis believe that if there was a person who truly deserved to be awarded this prestigiou
Published 10 Jul, 2016 12:00am
Shahbaz represents PM at funeral prayers

Shahbaz represents PM at funeral prayers

Punjab Chief Minister Muhammad Shahbaz Sharif attended funeral prayers of renowned social worker Abdul Sattar Edhi in Karachi, Saturday. He represented Prime Minister Muhammad Nawaz Sharif. On the occasion, the Chief Minister embraced Abdul Sattar Edhi's
Published 10 Jul, 2016 12:00am
World media pays tributes to Edhi

World media pays tributes to Edhi

World media on Saturday paid tributes to Abdul Sattar Edhi for his services for the suffering humanity. Washington Post in a report said that Abdul Sattar Edhi was a beacon of hope in a country too often mired in despair. He was an ascetic in a country wh
Published 10 Jul, 2016 12:00am
Pakistan Hindu Council, Hyderabad traders condole death

Pakistan Hindu Council, Hyderabad traders condole death

The Patron-in-chief of Pakistan Hindu Council and Member of National Assembly Dr Ramesh Kumar Vankwani has expressed extreme grief on the sad demise of renowned philanthropist Abdul Sattar Edhi. In a condolence message issued here on Saturday, Dr Ramesh p
Published 10 Jul, 2016 12:00am
Government giving special attention to IT sector

Government giving special attention to IT sector

The government is giving special attention to the Information Technology sector in an attempt to enhance IT exports, it was revealed. The sources estimate that over rupees five billion has been allocated by the federal government in the current fiscal yea
Published 10 Jul, 2016 12:00am
Eight killed in different incidents

Eight killed in different incidents

Eight persons were killed and fourteen other injured in different accidents and incidents in district KaraK during Eid celebrations. Most of the casualties were due to motorcycles and over-speeding related. According to details a truck hit a motorcycle on
Published 10 Jul, 2016 12:00am
IHC may revive data centre project

IHC may revive data centre project

The Islamabad High court (IHC) may revive the project "Establishment of Data Center and Archiving Section" at the cost higher than what it was initiated with. According to documents available with Business Recorder, IHC Chief Justice Muhammad Anwar
Published 10 Jul, 2016 12:00am
KP government to construct Jabba dam

KP government to construct Jabba dam

For provision of drinking water to residents of the provincial metropolis and adjacent tribal area of Khyber Agency, the government of Khyber Pakhtunkhwa has planned the construction of Jabba dam. The project has been included in the Annual Development Pr
Published 10 Jul, 2016 12:00am
Member of Federal Ombudsman's office visits jails

Member of Federal Ombudsman's office visits jails

It is the duty of the society to take care of the affected persons and that they also deserve sympathy. This was stated by the Member Incharge Regional Office of Federal Ombudsman, Abdul Malik Ghori, during the visit of Woman Jail and Juvenile Jail adjace
Published 10 Jul, 2016 12:00am
Pakistan, Germany enjoy cordial and cooperative relations: NA Speaker

Pakistan, Germany enjoy cordial and cooperative relations: NA Speaker

Speaker National Assembly Sardar Ayaz Sadiq has said that Pakistan and Germany enjoy cordial and co-operative relations which need to be further strengthened through substantive and long-term parliamentary and economic co-operation. According to the messa
Published 10 Jul, 2016 12:00am
Prices of essential kitchen items witness decline

Prices of essential kitchen items witness decline

Prices of essential kitchen items, especially vegetables have witnessed a decline during this past week as compared to preceding week, revealed a survey conducted by Business Recorder here on Saturday. The survey observed that the prices of most of
Published 10 Jul, 2016 12:00am
Panama papers: Khosa steps up pressure on Sharifs

Panama papers: Khosa steps up pressure on Sharifs

Secretary General of Pakistan Peoples Party (PPP) and former Governor Sardar Muhammad Latif Khan Khosa Saturday said that Panama Leaks exposed the mega corruption of Prime Minister Nawaz Sharif and his family. Talking to mediapersons at the residence of f
Published 10 Jul, 2016 12:00am
ABAD expresses sorrow over Edhi's demise

ABAD expresses sorrow over Edhi's demise

Association of Builders and Developers Pakistan (ABAD) has expressed deep sorrow over the demise of world renowned charity worker Abdul Sattar Edhi. Chairman Muhammad Hanif Gohar, Patron in Chief Mohsin Sheikhani, Senior Vice Chairman Arif Yousuf Jeewa, V
Published 10 Jul, 2016 12:00am
Chances of drizzle in Karachi

Chances of drizzle in Karachi

The Met Office on Saturday forecast cloudy weather with chances of light rain/drizzle in Karachi during the next 24 hours. An official of the Met Office said that the maximum temperature is expected to remain between 31 to 33 degrees Centigrade during the
Published 10 Jul, 2016 12:00am
Imran says PM spent public money on treatment

Imran says PM spent public money on treatment

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan has said that he feels much sorry for not attending the funeral prayers of great philanthropist and renowned social worker Abdul Sattar Edhi. Talking to media persons after his arrival at London Airport o
Published 10 Jul, 2016 12:00am
Pakistan lost greatest icon of humanity: Bilawal

Pakistan lost greatest icon of humanity: Bilawal

Pakistan People's Party (PPP) Chairman Bilawal Bhutto Zardari has said that with departing of Abdul Sattar Edhi for the eternal world Pakistan has been deprived of its greatest icon of humanity. Expressing deep grief over the demise of the legendary phila
Published 10 Jul, 2016 12:00am
Businesspeople mourn 'angel of mercy's' death

Businesspeople mourn 'angel of mercy's' death

Leaders of United Business Group (UBG) on the demise of world renowned social worker Abdul Sattar Edhi due to kidney failure on Friday night said, Pakistan has lost an angel of mercy who was a ray of hope for the poor and destitute across Pakistan.
Published 10 Jul, 2016 12:00am
PML-N meeting at Raiwind today

PML-N meeting at Raiwind today

Prime Minister Nawaz Sharif has called a party meeting on important country's affairs at Raiwind today. According to sources, federal ministers, Punjab Chief Minister Shahbaz Sharif and other key party members would participate in the meeting. In the meet
Published 10 Jul, 2016 12:00am
Man, son shot dead over marriage dispute

Man, son shot dead over marriage dispute

Armed men gunned down two people including father and son and injured a girl over love marriage dispute here on Saturday. The murderers escape the scene after committing the crime. Police said that a man displeased over love marriage of his sister who had
Published 10 Jul, 2016 12:00am
Youth creates military-grade drone

Youth creates military-grade drone

The sheer talent that the youth of Pakistan posses is nothing short of amazing, especially when it comes to modern technology. Meet Bilal Ahmed, the 11-year-old young boy is another prodigy who has built his very own drone at the Microsoft Innovation Cent
Published 10 Jul, 2016 12:00am
Steps under way to introduce transparent PGRs induction policy: Salman

Steps under way to introduce transparent PGRs induction policy: Salman

Advisor to Chief Minister on Health Khawaja Salman Rafiq has said that the government is taking steps to introduce a transparent recruitment policy for induction of postgraduate residents (PGRs). Presiding over a meeting to finalise Punjab Residency Progr
Published 10 Jul, 2016 12:00am
862 million doses of OPV administered to children from 2013-15

862 million doses of OPV administered to children from 2013-15

A total of around 862 million doses of Oral Polio Vaccine (OPV) were administered to all children under five years of age across Pakistan during 2013 to 2015. The OPV drops administered through the National Supplementary Immunization Days (NIDs) and Sub-N
Published 10 Jul, 2016 12:00am
Three of a family die

Three of a family die

Three of a family including couple and child died when a motorcycle fell into canal after being hit by a train here on Saturday. Police said that a bike with parents and a child onboard was hit by a fast moving train while crossing railway track near Bhat
Published 10 Jul, 2016 12:00am
Government employees PA Bajaur takes notice of non-payment of salaries

Government employees PA Bajaur takes notice of non-payment of salaries

The Political Administration (PA) in Bajaur Agency have taken serious notice over in payment of salaries of the month of June to scores of government employees in the region and ordered probe in to the matter, officials of the political administration tol
Published 10 Jul, 2016 12:00am
8080 emergency victims rescued during Eid holidays

8080 emergency victims rescued during Eid holidays

The Punjab Emergency Service (Rescue 1122) responding to 7039 emergencies, rescued 8080 victims from all 36 districts of the province during Eid holidays. The Emergency Ambulance, Rescue and Fire Services responded to 3554 emergencies of road traffic cras
Published 10 Jul, 2016 12:00am
Edhi's funeral: Qaim lauds security arrangements

Edhi's funeral: Qaim lauds security arrangements

Sindh Chief Minister Syed Qaim Ali Shah has lauded the IG Sindh Police, DG Rangers and other security institutions for foolproof security arrangements made for the funeral prayers of eminent social worker Abdul Sattar Edhi on Saturday. The Chief Minister
Published 10 Jul, 2016 12:00am
Eid holidays: 72 one-wheelers held in twin cities

Eid holidays: 72 one-wheelers held in twin cities

The dangerous tradition of performing motorbike stunts, racing without wearing helmets was at its peak during Eid days. Youth were seen riding bikes rashly at busiest roads including Murree Road, Sixth Road, Bank Road, Mall Road, Peshawar Road, GT Road an
Published 10 Jul, 2016 12:00am
ME turmoil

ME turmoil

This is apropos a Business Recorder news item "Baghdad blast kills at least 119" carried by the newspaper on Monday. According to it, a suicide car bombing claimed by the Islamic State group ripped through a busy Baghdad shopping district Sunday, k
Published 10 Jul, 2016 12:00am
Women rise to the top in Brexit Britain

Women rise to the top in Brexit Britain

A wave of women are taking power in Britain: the country will soon have a female prime minister following the Brexit vote while Scotland and Northern Ireland already have women leaders. "Is this all a happy coincidence? Has the glass ceiling finally been
Published 10 Jul, 2016 12:00am
53 years after Kennedy, Dallas relives sniper nightmare

53 years after Kennedy, Dallas relives sniper nightmare

Nearly 53 years after President John F. Kennedy was assassinated while riding in a motorcade through the streets of Dallas, the bustling Texas city is reliving the nightmare of a murderous sniper. Just 200 yards (meters) separate El Centro College, where
Published 10 Jul, 2016 12:00am
Need for financial reporting council

Need for financial reporting council

There is dire need to establish Financial Reporting Council (FRC) in Pakistan as an autonomous regulator to promote corporate governance and reporting to safeguard the interest of all stakeholders. The FRC will oversee accounting and audit profession thro
Published 10 Jul, 2016 12:00am
Confronting the menace of floods

Confronting the menace of floods

This year's monsoon season has started with a massive tragedy in Chitral district of Gilgit-Baltistan, 29 people were killed and at least 26 others went missing - also believed to have died - when flash floods washed away a helmet in a remote village near
Published 10 Jul, 2016 12:00am
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