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Print - 2016-07-14
Sweden faces housing crunch despite government building plan

Sweden faces housing crunch despite government building plan

It is one of Swedish centre-left Prime Minister Stefan Lofven's signature policies - building 700,000 homes in a decade to ease a shortage of dwellings that has business worried about attracting employees and policy makers fearing a property bubble. But L
Published 14 Jul, 2016 12:00am
Eurozone industrial output falls
Currency

Eurozone industrial output falls

Eurozone industrial production plunged by more than expected in May, depressed mostly by a steep fall in energy output, the European Union statistics office said on Wednesday, suggesting the bloc's economy lost steam after strong output data in April. Eur
Published 14 Jul, 2016 12:00am
In EU first, Uber suspends Hungary service

In EU first, Uber suspends Hungary service

Embattled US ride-hailing service Uber announced Wednesday its first suspension in an EU country, saying its will halt operations in Hungary on July 24 because of new legislation making it "impossible" to operate. The same day, a new law comes into force
Published 14 Jul, 2016 12:00am
Airbus plays down A380 cutback as storm clouds gather

Airbus plays down A380 cutback as storm clouds gather

Airbus sought to reassure investors on Wednesday that its decision to cut production of the world's biggest passenger jet, the A380, would not badly hurt the group, while bracing for fresh losses on a second flagship European project. Doubts over demand f
Published 14 Jul, 2016 12:00am
US posts $6 billion budget surplus in June

US posts $6 billion budget surplus in June

The US federal government posted a budget surplus of $6 billion in June, compared with a surplus of $50 billion in the same month a year earlier, the Treasury Department said on Wednesday. The current fiscal year-to-date deficit stood at $401 billion, acc
Published 14 Jul, 2016 12:00am
Gaza crossing opening for goods

Gaza crossing opening for goods

A major crossing point between Gaza and Israel is set to reopen for the first time in nine years, the Israeli government announced Wednesday. "The Erez crossing point will again be open to goods entering Gaza" from Thursday, a spokesman for COGAT, the def
Published 14 Jul, 2016 12:00am
Gaza crossing opening for goods

Gaza crossing opening for goods

A major crossing point between Gaza and Israel is set to reopen for the first time in nine years, the Israeli government announced Wednesday. "The Erez crossing point will again be open to goods entering Gaza" from Thursday, a spokesman for COGAT, the def
Published 14 Jul, 2016 12:00am
US challenges China over raw materials duties at WTO

US challenges China over raw materials duties at WTO

The United States challenged China at the World Trade Organisation on Wednesday over Beijing's export duties on nine raw materials, alleging they give an unfair competitive advantage to Chinese companies. The Obama administration envoy announced the WTO f
Published 14 Jul, 2016 12:00am
US foreign direct investment jumps 68 percent in 2015

US foreign direct investment jumps 68 percent in 2015

Foreign investors stepped up acquisitions of US-based businesses last year, boosting foreign direct investment (FDI) to a record high, but part of the increase was due to corporate tax inversion transactions. The Commerce Department said on Wednesday FDI
Published 14 Jul, 2016 12:00am
Weak consumer, capital goods curb US import prices

Weak consumer, capital goods curb US import prices

US import prices rose less than expected in June as rising costs for petroleum products were offset by declining consumer and capital goods prices, suggesting inflation could remain benign for a while. The marginal increase reported by the Labour Departme
Published 14 Jul, 2016 12:00am
US beef back on Saudi menus after mad cow

US beef back on Saudi menus after mad cow

Saudi Arabia has agreed to resume US beef imports, the US embassy said Wednesday, opening the way for a return to the kingdom's menus after a ban over mad cow disease. The agreement ends a halt to sales imposed in 2011 after the United States had a case o
Published 14 Jul, 2016 12:00am
US economy shows few signs of sustained inflation pressure: Fed

US economy shows few signs of sustained inflation pressure: Fed

The US economy continued to expand from mid-May through the end of June but there was little indication that inflation would surge any time soon, the Federal Reserve said on Wednesday. Wage pressures were "modest to moderate" in most of the central bank's
Published 14 Jul, 2016 12:00am
US economy shows few signs of sustained inflation pressure: Fed

US economy shows few signs of sustained inflation pressure: Fed

The US economy continued to expand from mid-May through the end of June but there was little indication that inflation would surge any time soon, the Federal Reserve said on Wednesday. Wage pressures were "modest to moderate" in most of the central bank's
Published 14 Jul, 2016 12:00am
IMF sees Russia's economy contracting by 1.2 percent in 2016

IMF sees Russia's economy contracting by 1.2 percent in 2016

The International Monetary Fund on Wednesday forecast Russia's economy would shrink by 1.2 percent in 2016, an improvement on its previous forecast in May which predicted a 1.5 percent contraction. It saw a return to growth in 2017, when it expected a 1 p
Published 14 Jul, 2016 12:00am
IMF sees Russia's economy contracting by 1.2 percent in 2016

IMF sees Russia's economy contracting by 1.2 percent in 2016

The International Monetary Fund on Wednesday forecast Russia's economy would shrink by 1.2 percent in 2016, an improvement on its previous forecast in May which predicted a 1.5 percent contraction. It saw a return to growth in 2017, when it expected a 1 p
Published 14 Jul, 2016 12:00am
Global worries spur Malaysia's first key rate cut since 2009
Currency

Global worries spur Malaysia's first key rate cut since 2009

Malaysia's central bank, seeing more clouds over the global economy after Britain's Brexit vote, surprised markets by cutting its key interest rate for the first time in seven years in a bid to keep the country on a "steady growth path". Bank Negara Malay
Published 14 Jul, 2016 12:00am
China exports and imports fall, trade outlook dim
Currency

China exports and imports fall, trade outlook dim

China's exports fell more than expected in June as global demand remained stubbornly weak and as Britain's decision to leave the European Union clouds the outlook for one of Beijing's biggest markets. Imports also shrank more than forecast, suggesting the
Published 14 Jul, 2016 12:00am
Gulf stocks benefit from EM inflows ahead of stimulus moves

Gulf stocks benefit from EM inflows ahead of stimulus moves

Gulf stock indexes benefited from fund inflows into emerging markets on Wednesday, with all advancing for a second day, as central banks in major global markets signalled the prospect of further economic stimulus. The Bank of England is due to have its fi
Published 14 Jul, 2016 12:00am
Tokyo's Nikkei index just shy of pre-Brexit level

Tokyo's Nikkei index just shy of pre-Brexit level

Tokyo stocks rose for a third session Wednesday, ending just shy of levels seen before Britain's vote to leave the European Union sent markets into a nosedive last month. Banks and automakers led the gains as a weaker yen and a strong session on overseas
Published 14 Jul, 2016 12:00am
Wednesday's early afternoon trade: record-setting rally peters out

Wednesday's early afternoon trade: record-setting rally peters out

US stocks took a breather on Wednesday, with investors turning their focus to corporate earnings reports to justify valuations following a three-day record-setting rally. A strong US jobs report on Friday, easing political tension in Japan and Britain and
Published 14 Jul, 2016 12:00am
S&P and Dow hit records

S&P and Dow hit records

A broad rally lifted the S&P 500 and Dow industrials to record highs on Tuesday, with a sharp rebound in crude prices boosting energy shares, while the Nasdaq turned positive for the year. Cyclical sectors like technology, materials and energy posted the
Published 14 Jul, 2016 12:00am
Australian shares up, New Zealand eases

Australian shares up, New Zealand eases

Australian shares rose for a fifth straight day on Wednesday, aided by banking and resources stocks and by hopes of economic stimulus in some major countries, while New Zealand stocks backtracked from the previous day's record. The S&P/ASX 200 index was u
Published 14 Jul, 2016 12:00am
Treasury yields move higher

Treasury yields move higher

US Treasury yields rose on Tuesday as expectations of new stimulus in Japan boosted stocks and reduced demand for safe haven bonds, and after the Treasury Department saw the weakest demand for 10-year notes at an auction in seven years. Japanese Prime Min
Published 14 Jul, 2016 12:00am
Treasury yields move higher

Treasury yields move higher

US Treasury yields rose on Tuesday as expectations of new stimulus in Japan boosted stocks and reduced demand for safe haven bonds, and after the Treasury Department saw the weakest demand for 10-year notes at an auction in seven years. Japanese Prime Min
Published 14 Jul, 2016 12:00am
Indian shares nearly flat

Indian shares nearly flat

Indian shares ended unchanged on Wednesday, pausing after two sessions of gains that drove indexes to near 11-month highs, as investors opted for caution ahead of quarterly results. Uncertainty also prevailed in the market as investors await the governmen
Published 14 Jul, 2016 12:00am
China stocks up on stimulus hopes

China stocks up on stimulus hopes

China stocks closed higher on Wednesday as investors bet on further fiscal and monetary stimulus in the second half of 2016, following GDP data on Friday. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 0.3 percent to 3,282.
Published 14 Jul, 2016 12:00am
European stocks steady after four days of gains

European stocks steady after four days of gains

European stocks edged lower on Wednesday after four straight sessions of gains to leave a benchmark regional index near its highest level in more than two weeks, with a drop in oil and gas shares weighing on the market. The pan-European STOXX 600 settled
Published 14 Jul, 2016 12:00am
Hong Kong shares up

Hong Kong shares up

Hong Kong shares rose on Wednesday as weaker-than-expected China trade data reinforced investors' expectations that Beijing will roll out more stimulus in coming months. Financials and banks outperformed, accounting for around half of the Hang Seng's gain
Published 14 Jul, 2016 12:00am
Southeast Asian stocks: Stimulus prospects buoy markets; Vietnam up

Southeast Asian stocks: Stimulus prospects buoy markets; Vietnam up

Southeast Asian stocks rallied on Wednesday in line with Asian peers as prospects of solid US growth and further monetary stimulus in major markets whetted investor risk appetite, with the Vietnam index hitting its highest in more than 8 years. "There is
Published 14 Jul, 2016 12:00am
FTSE eases from 11-month high as oil and housebuilders retreat

FTSE eases from 11-month high as oil and housebuilders retreat

Britain's top share index edged lower on Wednesday after climbing to an 11-month high in the previous session, with housebuilders giving up some of their recent gains and energy shares dragged lower by weaker oil prices. The FTSE real estate index edged 0
Published 14 Jul, 2016 12:00am
Yen recoups some losses in Asia

Yen recoups some losses in Asia

The yen clawed back some of this week's losses in Asian trading on Wednesday, after it sank to 2-1/2-week lows reached this week as the prospects for more economic stimulus in Japan helped bolster risk sentiment. The dollar slipped 0.5 percent to 104.20 y
Published 14 Jul, 2016 12:00am
Yen under pressure in Europe
Currency

Yen under pressure in Europe

The yen lost ground on Wednesday, extending losses against the dollar after recording its biggest two-day fall in almost two years, as risk appetite bounced back in the European session. The safe-haven yen had tumbled 4 percent against the dollar since th
Published 14 Jul, 2016 12:00am
Early trade in New York: Dollar falls as risk appetite fades

Early trade in New York: Dollar falls as risk appetite fades

The dollar fell on Wednesday as risk appetite receded after big moves earlier in the week and following the announcement from the Bank of Canada that it would hold interest rates steady, a decision that may provide clues about future central bank action.
Published 14 Jul, 2016 12:00am
Dollar climbs against yen in New York
Currency

Dollar climbs against yen in New York

The dollar rose to its highest level against the yen in more than two weeks on Tuesday, as a rekindled appetite for risk continued to drive sentiment after Japan's ruling coalition won a weekend election. The election results drove expectations for new me
Published 14 Jul, 2016 12:00am
Sri Lankan rupee up
Currency

Sri Lankan rupee up

The Sri Lankan rupee ended firmer on Wednesday as a foreign bank sold dollars on behalf of investors keen to buy local bonds, dealers said, a day after the country's finance minister said the currency would rise on inflows from a sovereign bond issue. Sri
Published 14 Jul, 2016 12:00am
Risk sentiment supports Asia FX
Currency

Risk sentiment supports Asia FX

Most emerging Asian currencies rose on Wednesday as risk sentiment improved on views of more economic stimulus, especially from Japan, and prospects of strong US economic growth. Malaysia's ringgit, however, slid ahead of the central bank's interest rate
Published 14 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 Wednesday. 78.40-78.40 (previous 78.40-78.40).
Published 14 Jul, 2016 12:00am
Sterling slips as attention turns to possible BoE rate cut
Currency

Sterling slips as attention turns to possible BoE rate cut

Sterling fell on Wednesday after two days of strong gains, as attention shifted away from the political picture in Britain and towards the prospect that the Bank of England could cut interest rates on Thursday. Sterling had rebounded sharply in the previo
Published 14 Jul, 2016 12:00am
Aussie, kiwi hold gains

Aussie, kiwi hold gains

The Australian dollar held firm on Wednesday after hitting a three-month top, while its New Zealand cousin reached the highest in over a year as a rally in global risk appetite lifted commodities and dented the Japanese yen. The Australian dollar was cons
Published 14 Jul, 2016 12:00am
Froome masterstroke gains time, Sagan wins stage

Froome masterstroke gains time, Sagan wins stage

Overall leader Chris Froome produced another surprise attack to gain time on his Tour de France rivals as Peter Sagan won Wednesday's blustery 11th stage. "It was another spur-of-the-moment thing," said Froome, who performed a similar trick in the seventh
Published 14 Jul, 2016 12:00am
Klishina can compete under Russian flag: IOC chief

Klishina can compete under Russian flag: IOC chief

US-based long-jumper Darya Klishina can compete at the Rio Olympics under the Russian flag despite the athletics world body saying she should take part as a neutral, IOC president Thomas Bach said Wednesday. Bach said Klishina's case could not be "put in
Published 14 Jul, 2016 12:00am
China to host international football tournament

China to host international football tournament

China will host an annual national team football tournament starting from next year, entertainment and property conglomerate Dalian Wanda Group said Wednesday as it seeks to build a sporting empire. The announcement comes as Chinese companies snap up fore
Published 14 Jul, 2016 12:00am
Digne joins Barcelona

Digne joins Barcelona

France international defender Lucas Digne has joined Barcelona on a five-year deal from Ligue 1 champions Paris Saint Germain, the Catalan club said on Wednesday. The 22-year-old left back spent last season on a successful loan deal at Serie A's Roma and
Published 14 Jul, 2016 12:00am
Wahab insists no one 'ruder' than a Pakistani

Wahab insists no one 'ruder' than a Pakistani

Wahab Riaz has warned any England cricketers who 'sledge' or verbally abuse their Pakistani opponents during the upcoming Test series may get more than they bargained for. Thursday sees England and Pakistan meet at Lord's for the opening Test in a four-ma
Published 14 Jul, 2016 12:00am
PCB chairman identifies three 'foremost' challenges

PCB chairman identifies three 'foremost' challenges

Pakistan Cricket Board (PCB) chairman Shaharyar Mohammad Khan gave a Mike Brearley lecture here at Lord's this morning to MCC's World Cricket Committee, acquainting its distinguished members with contemporary issues and challenges being faced by Pakistan
Published 14 Jul, 2016 12:00am
Misbah puts his trust in Aamir

Misbah puts his trust in Aamir

Pakistan captain Misbah-ul-Haq is confident Mohammad Aamir can deal with all the emotion and hype surrounding the disgraced bowler's return to Test cricket at Lord's on Thursday. This will be Aamir's first Test since he nearly terminated his career throug
Published 14 Jul, 2016 12:00am
Embattled Nepal PM faces no-confidence motion

Embattled Nepal PM faces no-confidence motion

Nepali opposition lawmakers filed a no-confidence motion Wednesday against Prime Minister K.P. Sharma Oli after former rebel Maoists quit his coalition, triggering fresh political turmoil in the quake-hit nation. The former guerrillas announced on Tuesday
Published 14 Jul, 2016 12:00am
Mafia boss Bernardo 'the tractor' dies

Mafia boss Bernardo 'the tractor' dies

Sicilian "Cosa Nostra" mafia boss Bernardo Provenzano, dubbed "the tractor" for the way he mowed down his victims, died Wednesday after a long illness. Provenzano, 83, was the Cosa Nostra crime group's "boss of bosses" until his arrest in 2006 after 40 ye
Published 14 Jul, 2016 12:00am
Myanmar monk blasts 'dictator' Suu Kyi

Myanmar monk blasts 'dictator' Suu Kyi

A firebrand monk slammed Aung San Suu Kyi as a "dictator" Wednesday, accusing Myanmar's civilian-led government of trying to destroy an ultra-nationalist Buddhist group blamed for a surge in sectarian violence across the country. The attack came after the
Published 14 Jul, 2016 12:00am
EU to use 'all defences' against China steel exports: Juncker

EU to use 'all defences' against China steel exports: Juncker

EU Commission head Jean-Claude Juncker said Wednesday that the bloc would use all possible means to protect itself from a flood of Chinese steel imports blamed for turmoil in global markets. China, which makes more than half the world's steel, is widely a
Published 14 Jul, 2016 12:00am
IS suicide bomber kills four at Iraq checkpoint

IS suicide bomber kills four at Iraq checkpoint

A suicide bomber detonated an explosives-rigged vehicle at a checkpoint near Baghdad on Wednesday, killing at least four people, officials said, an attack claimed by the Islamic State group. The bombing at a checkpoint leading to the Husseiniyah area, nor
Published 14 Jul, 2016 12:00am
Indian coal firm violates community rights: Amnesty

Indian coal firm violates community rights: Amnesty

India's state-controlled coal firm routinely violates the rights of local communities in the rush to open new mines to meet the country's growing demand for power, Amnesty International said Wednesday. A report from the human rights group said Coal India,
Published 14 Jul, 2016 12:00am
US labels two Russian IS operatives 'global terrorists'

US labels two Russian IS operatives 'global terrorists'

The US State Department named two Russians allied to the Islamic State group as "Specially Designated Global Terrorists" Wednesday, including a Chechen militant tied to deadly attacks in Moscow. The State Department said Aslan Avgazarovich Byutukaev, also
Published 14 Jul, 2016 12:00am
Hollande's hairdresser 'paid 10,000 euros a month'

Hollande's hairdresser 'paid 10,000 euros a month'

Short on the sides and thinning on top, French President Francois Hollande's hair is kept perfectly groomed at a cost of almost 10,000 euros a month, the Canard Enchaine weekly reported Wednesday. The unpopular leader's hair has never been the topic of sc
Published 14 Jul, 2016 12:00am
Solar plane lands in Egypt in penultimate stop of world tour

Solar plane lands in Egypt in penultimate stop of world tour

The Solar Impulse 2 landed in Cairo on Wednesday for its penultimate stop as the solar-powered plane nears the end of its marathon tour around the world. After the two-day flight from Spain, just one final leg lies between it and its final destination, Ab
Published 14 Jul, 2016 12:00am
France shuts missions in Turkey after security threat

France shuts missions in Turkey after security threat

France on Wednesday said it had closed its embassy in the Turkish capital Ankara and its consulate in Istanbul until further notice, after cancelling events to mark the July 14 Bastille Day holiday due to a "real and concrete" security threat.
Published 14 Jul, 2016 12:00am
UN warns of new South Sudan fighting as humanitarian crisis grows

UN warns of new South Sudan fighting as humanitarian crisis grows

The United Nations warned Wednesday of the risk of fresh fighting in South Sudan after days of deadly gun battles that have sent thousands of people fleeing and prompted the urgent evacuation of foreign nationals. Fears of a humanitarian crisis were growi
Published 14 Jul, 2016 12:00am
31 civilians dead in bombing of rebel Syria towns

31 civilians dead in bombing of rebel Syria towns

Fierce bombardment of two opposition-held Syrian towns killed at least 31 civilians including children on Wednesday, the Syrian Observatory for Human Rights monitor said. Most were killed in air raids likely carried out by either President Bashar al-Assad
Published 14 Jul, 2016 12:00am
Jordan agrees one-off aid for Syrians blocked at border: UN

Jordan agrees one-off aid for Syrians blocked at border: UN

Jordan has agreed to a one-off aid delivery to more than 100,000 desperate Syrians blocked in the desert no-man's land on its north-eastern border, the United Nations said. Jordan closed the border to both would-be refugees and aid agencies after a June 2
Published 14 Jul, 2016 12:00am
Death of Sattar Edhi: Chinese envoy extends condolence

Death of Sattar Edhi: Chinese envoy extends condolence

Chinese Ambassador Sun Weidong went to the Foreign Ministry of Pakistan to extend deep grief for the demise of Abdul Sattar Ehdi, a respected Pakistani philanthropist, social activist and founder of Edhi Foundation, and express sincere condolences to his
Published 14 Jul, 2016 12:00am
Rain-thunderstorm likely in Karachi today

Rain-thunderstorm likely in Karachi today

The Met Office on Wednesday said that a fresh monsoon weather system was still hovering over Madhya Pradesh, India, forecasting rain-thunderstorm for Karachi in the next 24 hours. It said that rain-thunderstorm with isolated heavy fall was likely at scatt
Published 14 Jul, 2016 12:00am
Lyari Gang War group commander held in Hub

Lyari Gang War group commander held in Hub

Three suspects including a commander of the Lyari gang war Arshad Pappu group were arrested during police operation here on Wednesday. According to police sources, police conducted a search operation in different areas of Hub and arrested Agha Jami, who i
Published 14 Jul, 2016 12:00am
Old non-performing loans: PPCBL approves recovery package

Old non-performing loans: PPCBL approves recovery package

Secretary Punjab Co-operatives and Administrator Punjab Provincial Co-operative Bank Ltd have approved a package for recovery of old non-performing loans and offered incentives to the defaulters for payment of loans since 1977. Under this package, default
Published 14 Jul, 2016 12:00am
Four girls among five drown in Thado Dam

Four girls among five drown in Thado Dam

At least five youth including four girls drowned while taking bath in a dam here on Wednesday. The bodies were recovered and handed over to heirs. Local sources said that four girls hailing from Golimar area of Karachi were enjoying taking bath in Thado D
Published 14 Jul, 2016 12:00am
KATI to establish fund for Edhi Foundation

KATI to establish fund for Edhi Foundation

Korangi Association of Trade and Industry (KATI) has passed a resolution to name '2 Thousand Road' of Korangi Industrial area after Abdul Sattar Edhi to honour him and also announced to establish a fund to collect donations for Edhi Foundation. The resolu
Published 14 Jul, 2016 12:00am
Heavy downpours: Precautionary arrangements made, claims Khuhro

Heavy downpours: Precautionary arrangements made, claims Khuhro

Senior Sindh Minister for Education and Literacy Development Nisar Ahmed Khuhro has said that the provincial government has made all precautionary arrangements to meet the challenges of the heavy downpours which forecast by the Meteorological Department.
Published 14 Jul, 2016 12:00am
Al-Ghazi Tractors Limited

Al-Ghazi Tractors Limited

Beginning its journey in 1983, Al-Ghazi Tractors Limited (PSX: AGTL) has become a household name in tractors and agricultural implements. It forms one half of the national tractor duopoly alongside Millat Tractors, with a market capitalisation north of Rs
Published 14 Jul, 2016 12:00am
Al-Ghazi Tractors Limited

Al-Ghazi Tractors Limited

Beginning its journey in 1983, Al-Ghazi Tractors Limited (PSX: AGTL) has become a household name in tractors and agricultural implements. It forms one half of the national tractor duopoly alongside Millat Tractors, with a market capitalisation north of Rs
Published 14 Jul, 2016 12:00am
PU, Pepsi to launch food safety internship programme

PU, Pepsi to launch food safety internship programme

Punjab University and Pepsi Cola will launch five-month Food Safety Internship Programme 2016, extendable up to 2018, for current PU students to develop food safety awareness amongst the students. In this regard MoU signing ceremony was held at PU.
Published 14 Jul, 2016 12:00am
FPCCI launches NTM, NTBS Policy Advocacy Group

FPCCI launches NTM, NTBS Policy Advocacy Group

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) formally launched NTM (Non-Tariff Measure) or NTBS (Non Tariff Barriers) Policy Advocacy Group (Pakistan Chapter) in a meeting on Wednesday which was simultaneously held at FPCCI Lahore,
Published 14 Jul, 2016 12:00am
Punjab prosecution department's success rate 93 percent: Maqbool

Punjab prosecution department's success rate 93 percent: Maqbool

Chief Minister Punjab's Special Assistant and former Inspector General Police, Rana Maqbool Ahmad has said that Punjab Prosecution department's success rate for the current calendar year is 93 percent. Out of total 37280 contested cases, 34704 were won by
Published 14 Jul, 2016 12:00am
Kalabagh Dam will be beneficial to all provinces: LCCI

Kalabagh Dam will be beneficial to all provinces: LCCI

The Lahore Chamber of Commerce and Industry (LCCI) while supporting the stance of Chairman Wapda Zafar Mehmood on Kalabagh dam has said that this project should be completed with determination to avoid the hunger and famine, to control the floods and to g
Published 14 Jul, 2016 12:00am
Ramazan SF reviews distribution of ration, clothes

Ramazan SF reviews distribution of ration, clothes

Sheikh Foundation (SF) will continue to dole out subsistence to its deserving members and in this connection ample charity was donated generously and judiciously particularly during Eid and Ramzan-ul-Mubarik, said Mian Muhammad Adress Chairman Sheikh Foun
Published 14 Jul, 2016 12:00am
Chairman PIAF pays tributes to Sattar Edhi

Chairman PIAF pays tributes to Sattar Edhi

Pakistan Industrial and Traders Associations Front (PIAF) Chairman Irfan Iqbal Sheikh has said the government as well as business community should join their hands to continue the mission of renowned social worker Abdul Sattar Edhi, terming his death as a
Published 14 Jul, 2016 12:00am
LHC staff asked to give donation to Edhi Foundation

LHC staff asked to give donation to Edhi Foundation

The city's top court chief justice has suggested his staff to donate to Edhi Foundation to honour philanthropist Abdul Sattar Edhi who died last week. Chief Justice Syed Mansoor Ali Shah, in a circular released on Wednesday, said, "The Lahore High Court m
Published 14 Jul, 2016 12:00am
Largest online hotel inventory in Africa begins its iOS App in Asia

Largest online hotel inventory in Africa begins its iOS App in Asia

The largest online hotel inventory in Africa has officially launched its iOS App in Asia, which will further transform the way travellers book hotels online using their mobile devices. This is part of Jovago's drive to provide an exciting mobile user expe
Published 14 Jul, 2016 12:00am
PPA concerned over low price of day-old chick

PPA concerned over low price of day-old chick

Parent stock farmers have voiced their concerns over extremely low prices of the day-old chick for the past two years. The concerns from the Pakistan Poultry Association (PPA) surfaced on Wednesday when it said in a statement, "The current day-old chick p
Published 14 Jul, 2016 12:00am
PIA ferried over 250,000 Umra pilgrims

PIA ferried over 250,000 Umra pilgrims

In Umra Season this year PIA transported a total of 254,803 passengers on its flights which included 375 extra flights in addition to the regular flight operation. During umrah season 2015, a total of 150,740 passengers had been transported on PIA flights
Published 14 Jul, 2016 12:00am
FCCI chief voices concern over IHK situation

FCCI chief voices concern over IHK situation

President of Faisalabad Chamber of Commerce and Industry (FCCI), Chaudhary Muhammad Nawaz has expressed deep concern over the Indian atrocity in occupied Kashmir and said that deaths of 30 innocent Kashmiri youth within only three days should be an eye op
Published 14 Jul, 2016 12:00am
Government prepares to avoid monsoon losses

Government prepares to avoid monsoon losses

The government has directed all the departments concerned to take appropriate steps to avert maximum life and property losses during monsoon season as 10-20 percent above the normal rains are expected. Federal Minister for Water and Power Khawaja Muhammad
Published 14 Jul, 2016 12:00am
Khattak approves amendments in Police Reforms Act

Khattak approves amendments in Police Reforms Act

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has approved the certain amendments in the Police Reforms Act that opened the existing police Act out of the cocoon. The new amendments would be tabled in the provincial assembly for incorporation into the
Published 14 Jul, 2016 12:00am
KP CM to inaugurate Swat Expressway on August 11

KP CM to inaugurate Swat Expressway on August 11

Chief Minister Khyber Pakhtunkhwa Pervez Khattak is set to formally inaugurate Swat Express Way on 11th of August. This was decided in a high level meeting chaired by him here today that was convened to sketch out the construction work on Swat Expressway
Published 14 Jul, 2016 12:00am
Easypaisa collaborates with Giftpoint.pk as online payment partner

Easypaisa collaborates with Giftpoint.pk as online payment partner

Easypaisa has announced its collaboration with Giftpoint.pk - a product of fintech company Innov8 - as an exclusive online payment partner. Giftpoint.pk is a unique new service offering a wide variety of international gift cards that are otherwise unavail
Published 14 Jul, 2016 12:00am
Floods caused $38 billion losses in last 68 years

Floods caused $38 billion losses in last 68 years

Pakistan has suffered a cumulative financial loss of more than US $38.165 billion due to floods during the past 68 years, but a comprehensive flood protection plan is yet to be formulated. According to a recent report of Federal Flood Commission, around 1
Published 14 Jul, 2016 12:00am
Abdelilah extends good wishes to PM

Abdelilah extends good wishes to PM

Prime Minister of Morocco Abdelilah Benkirane has extended his good wishes for the early recovery and good health of Prime Minister Muhammad Nawaz Sharif. In his message, the Moroccan Prime Minister conveyed his pleasure over the successful cardiac surger
Published 14 Jul, 2016 12:00am
Parliamentary team meets Member EU Parliament

Parliamentary team meets Member EU Parliament

Pakistani Parliamentary delegation visiting Brussels met with a British member of the European Parliament of Pakistan origin MEP Sajjad Karim and discussed implications of Brexit on UK, EU and Pakistan. Both sides agreed that Pakistan needs to open itself
Published 14 Jul, 2016 12:00am
SNGP KP region: Muqam expresses satisfaction over performance

SNGP KP region: Muqam expresses satisfaction over performance

Advisor to Prime Minister, Engr Ameer Muqam on Wednesday paid a surprise visit to SNGPL regional HQ in Khyber Pakhtunkhwa. He was briefed by GM, SNGPL Arbab Saqib no various development schemes of Sui Gas in the province. Engr. Ameer Muqam said that Sui G
Published 14 Jul, 2016 12:00am
Sheikha Rana appreciates Pakistan's role in fighting terrorism

Sheikha Rana appreciates Pakistan's role in fighting terrorism

Assistant Under-Secretary for Arab and Afro-Asian Affairs and head of a visiting Bahraini delegation Sheikha Rana Bint Isa Bin Daij Al Khalifa Wednesday praised the role of Pakistan in fighting terrorism. She conveyed appreciation of the Bahraini leadersh
Published 14 Jul, 2016 12:00am
Misbehaviour with MNA: Ministry told to suspend Post Services' officials

Misbehaviour with MNA: Ministry told to suspend Post Services' officials

Standing Committee on Rules of Procedure and Privileges has directed Ministry of Communications to immediately suspend Deputy Superintendent, Post Services Jhang region Aqleem Hussain Luk and Deputy Post Master General, Jhang Chaudhry Aslam and conduct an
Published 14 Jul, 2016 12:00am
Suhail Aman highlights PAF's role in Zarb-e-Azb

Suhail Aman highlights PAF's role in Zarb-e-Azb

Chief of Air Staff Air Chief Marshal Suhail Aman on Wednesday said that Pakistan Air Force (PAF) is well equipped and an updated force. "Our feet are on ground," he told a questioner while a brief media chat here at Nur Khan Airbase on arrival of PAF's C-
Published 14 Jul, 2016 12:00am
Free eye camp organised at Dogra hospital Bara

Free eye camp organised at Dogra hospital Bara

Directorate Health Services FATA organised free eye camp at Dogra Hospital Bara Khyber Agency to provide quality health services to patients having eye problems at their door steps. The camp was conducted under the effective supervision of Director Health
Published 14 Jul, 2016 12:00am
Dar chairs law review committee meeting

Dar chairs law review committee meeting

Finance Minister, Senator Ishaq Dar here on Wednesday chaired meeting of the Laws Review Committee. The meeting had detailed discussion on the legislation which is to be placed before the Parliament. Proposals regarding pending legislation in the pipeline
Published 14 Jul, 2016 12:00am
Advertising scam SC asks Inam Akbar to appear before NAB today

Advertising scam SC asks Inam Akbar to appear before NAB today

The Supreme Court on Wednesday issued directives to Inam Akbar, the owner of an advertising company, to appear before the National Accountability Bureau (NAB), Karachi, on July 14 (today). A two-member bench of Chief Justice Anwar Zaheer Jamali and Justic
Published 14 Jul, 2016 12:00am
Members of 'Move on Pakistan' should be charged with treason: Aitzaz

Members of 'Move on Pakistan' should be charged with treason: Aitzaz

Pakistan People's Party (PPP) senior leader Senator Aitzaz Ahsan on Wednesday remarked that members of 'Move on Pakistan' should be arrested and charged with treason if the controversial posters were not placed by the government. The posters, which also a
Published 14 Jul, 2016 12:00am
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