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Oct 08, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-08-05
Indian markets welcome GST but see challenges ahead

Indian markets welcome GST but see challenges ahead

Indian shares ended slightly higher on Thursday, as investors welcomed the long-awaited passage of the goods and services tax (GST), though gains were tempered by concerns about the amount of work needed to bring the reforms into reality. The broader NSE
Published 05 Aug, 2016 12:00am
European shares rise after UK rate cut

European shares rise after UK rate cut

European shares rose on Thursday as a rise in the shares of major financial and industrial stocks such as Aviva and Siemens boosted the region's equity markets. The STOXX 600 rose 0.7 percent, although it is down 7.7 percent so far in 2016. The pan-Europe
Published 05 Aug, 2016 12:00am
Australian shares edge higher

Australian shares edge higher

Australian shares made a modest advance on Thursday as optimism from a recent rate cut and a higher close on Wall St helped investors shrug off soft economic data, while New Zealand stocks also rose. The S&P/ASX 200 index was up 10.1 points, or 0.2 percen
Published 05 Aug, 2016 12:00am
Southeast Asian stocks gain

Southeast Asian stocks gain

Southeast Asian stocks closed up on Thursday, in line with their Asian counterparts, tracking an overnight rally in global oil prices, and on expectations of a rate cut from the Bank of England that would provide further growth stimulus. The Bank of Engla
Published 05 Aug, 2016 12:00am
FTSE rallies after BoE decision, Hikma sinks

FTSE rallies after BoE decision, Hikma sinks

Britain's top share index rallied after the Bank of England (BoE) cut interest rates on Thursday, although pharmaceuticals company Hikma and precious metals mining group Randgold Resources slumped after poor updates. The bluechip FTSE 100 index closed 1.6
Published 05 Aug, 2016 12:00am
Dollar steadies in Asia
Currency

Dollar steadies in Asia

The dollar held steady above a recent six-week low on Thursday, while sterling stayed in a tight range with expectations running high that the Bank of England will cut interest rates for the first time since 2009 in a bid to ward off recession. The dollar
Published 05 Aug, 2016 12:00am
Sterling dives, dollar index recovers in Europe
Currency

Sterling dives, dollar index recovers in Europe

Sterling saw its biggest falls since the aftermath of June's Brexit vote on Thursday, while other major currencies most closely correlated with global growth rose after the Bank of England launched a series of steps to support the UK economy. As well as c
Published 05 Aug, 2016 12:00am
Dollar recoups losses in New York
Currency

Dollar recoups losses in New York

The dollar gained on Wednesday, after hitting six-week lows hit a day earlier, as investors squared positions ahead of Friday's US non-farm payrolls report, which should help determine the timing of the Federal Reserve's next interest rate hike. The green
Published 05 Aug, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 78.40-78.40 (previous 78.40-78.40).
Published 05 Aug, 2016 12:00am
China's yuan little changed

China's yuan little changed

China's yuan was little changed on Thursday, despite a weaker central bank midpoint fixing, reflecting a steep rebound in the greenback, traders said. "The yuan factored in the dollar's global performance yesterday evening, and that has offset a sharp wea
Published 05 Aug, 2016 12:00am
Higher equities support Asia FX
Currency

Higher equities support Asia FX

Most emerging Asian currencies crawled higher on Thursday, tracking gains in regional stock markets, while investors expected the Bank of England to cut interest rates later in the day. South Korea's won advanced as foreign investors resumed buying Seoul
Published 05 Aug, 2016 12:00am
Sri Lankan rupee up
Currency

Sri Lankan rupee up

The Sri Lankan rupee ended firmer on Thursday as foreign investors sold dollars to buy local bonds on hopes of higher returns after the central bank's policy rate hike, dealers said. The spot rupee, which was last actively traded on June 13, resumed tradi
Published 05 Aug, 2016 12:00am
Sterling dives after BoE cuts rates and resumes QE
Currency

Sterling dives after BoE cuts rates and resumes QE

Sterling sank to an eight-day low on Thursday, after the Bank of England surprised markets with a 60 billion-pound bond-buying programme and cut interest rates to record lows. The BoE's interest rate cut, the first since 2009, was widely expected. But eco
Published 05 Aug, 2016 12:00am
Aussie up, kiwi off lows
Currency

Aussie up, kiwi off lows

The Australian dollar gained on the British pound on Thursday as investors braced for a Bank of England meeting later in the session where it is widely expected to cut rates for the first time since 2009. Sterling slipped a modest 0.22 percent on the Auss
Published 05 Aug, 2016 12:00am
Djokovic handed Del Potro revenge clash

Djokovic handed Del Potro revenge clash

World number one Novak Djokovic was handed a blockbuster Olympics opener on Thursday when he was drawn to face Juan Martin del Potro, who beat him for bronze at London in 2012. Djokovic, whose best performance was a bronze medal at the Beijing Games in 20
Published 05 Aug, 2016 12:00am
Tickets to see Bolt among 1.2 million still on sale

Tickets to see Bolt among 1.2 million still on sale

Tickets to see Usain Bolt's likely bid for glory in the Olympic 100-meters final are among more than one million which remain unsold for the Rio de Janeiro Games, a spokesman said Wednesday. With two days to go to Friday's opening ceremony, tickets are st
Published 05 Aug, 2016 12:00am
Empty feeling as Brazil, USA women off to winning start

Empty feeling as Brazil, USA women off to winning start

Hosts Brazil and world champions the United States made winning starts in the Olympics women's football tournament on Wednesday although the competition met with a lukewarm response from fans. Brazil comfortably saw off the challenge of China 3-0 at the O
Published 05 Aug, 2016 12:00am
Murray gives up apartment for village life

Murray gives up apartment for village life

Defending Olympic champion Andy Murray has decided against living in a private Rio apartment to move into the sprawling Athletes Village, according to International Tennis Federation chief David Haggerty. Wimbledon champion Murray had said in May that he
Published 05 Aug, 2016 12:00am
Italy's beach volley player banned from Rio

Italy's beach volley player banned from Rio

Italian beach volleyball player Viktoria Orsi Toth has been excluded from the Rio Olympics after failing a doping test, the Italian federation said. Orsi Toth underwent was given a spot check on July 19 and tested positive for clostebol metabolite, an ana
Published 05 Aug, 2016 12:00am
Two Russians get Olympic green light, Neymar launches Brazil quest

Two Russians get Olympic green light, Neymar launches Brazil quest

Two Russian swimmers implicated in a bombshell report on state-sponsored doping were given the green light to compete at the Olympics on Thursday as football superstar Neymar prepared to kick-off Brazil's quest for football gold. Amid simmering political
Published 05 Aug, 2016 12:00am
Saif-ul-Malook Khokher new patron of DFA Lahore

Saif-ul-Malook Khokher new patron of DFA Lahore

Malik Saif-ul-Malook Khokher MPA has been elected Patron-in-chief of the District Football Association (DFA) Lahore. Other office bearers of the DFA Lahore are: Mian Rizwan Ali President, Chaudhry Kabeer Sr Vice President, Muhammad Hanif, vice-president,
Published 05 Aug, 2016 12:00am
Fame Club win

Fame Club win

Fame Football Club routed Ali Asghar Football Club 4-0 in the super round of Fame Football League-2015-16. The match started in an aggressive European style. The first goal was struck by Fame Club's Sami in 36th minute who placed the ball on the corner. I
Published 05 Aug, 2016 12:00am
SBP to extend assistance to medal-winning athletes

SBP to extend assistance to medal-winning athletes

Sports Board Punjab (SBP) would extend all out assistance to medal winning athletes, Secretary Sports Punjab Nayyar Iqbal said. He said this while meeting the Pakistan ju-jitsu team which has won 15 medals in Asian Beach Ju-Jitsu Championship in Sri Lanka
Published 05 Aug, 2016 12:00am
China sends policeman to Rio amid safety fears

China sends policeman to Rio amid safety fears

China has sent a policeman to the Rio Olympics to help protect its sporting delegation, media and travelling spectators, state-media said Thursday, after a Chinese hurdler said he had been robbed. The policeman named Shao Weimin, whose official title is t
Published 05 Aug, 2016 12:00am
Mendis gives Sri Lanka edge against Australia

Mendis gives Sri Lanka edge against Australia

Half centuries from the in-form Kusal Mendis and skipper Angelo Mathews gave Sri Lanka the edge over Australia on the opening day of the second Test Thursday despite a five-wicket haul from Mitchell Starc. Mendis followed up his maiden century in the firs
Published 05 Aug, 2016 12:00am
Azhar defies England before Woakes strikes

Azhar defies England before Woakes strikes

Azhar Ali's century helped keep England at bay before he was out to the final ball of the second day of the third Test at Edgbaston on Thursday. Azhar's more than six-hour 139 ended when all-rounder Chris Woakes, on his Warwickshire home ground, struck wi
Published 05 Aug, 2016 12:00am
Woman jailed for 22 years for trafficking Nigerian girls for sex trade

Woman jailed for 22 years for trafficking Nigerian girls for sex trade

A female trafficking boss was sentenced to 22 years in prison on Thursday for using the threat of witchcraft to exert control over almost 40 women and girls brought from Nigeria to Europe for sex work, a British court prosecutor said. Franca Asemota, 38,
Published 05 Aug, 2016 12:00am
Audio from Boko Haram's elusive chief fuels talk of split

Audio from Boko Haram's elusive chief fuels talk of split

Boko Haram's elusive leader Abubakar Shekau broke his silence Thursday to insist he was "still around" following reports Islamic State had replaced him, but his message fuelled talk of a split within the jihadist group. For months, speculation has been ri
Published 05 Aug, 2016 12:00am
In slap at Trump, some wealthy Republicans campaign for Clinton

In slap at Trump, some wealthy Republicans campaign for Clinton

Groups of wealthy Republicans unhappy with Donald Trump have been privately courting prominent peers to join them in backing Democrat Hillary Clinton's US presidential bid, several people involved in the effort told Reuters. They say they are seeking mone
Published 05 Aug, 2016 12:00am
Israel alleges Gaza World Vision head sent millions to Hamas

Israel alleges Gaza World Vision head sent millions to Hamas

Israel on Thursday charged the Gaza director of the World Vision non-governmental organisation with passing millions of dollars to the Palestinian Islamic movement Hamas and its armed wing. Mohammed al-Halabi was alleged to have diverted $7.2 million (6.5
Published 05 Aug, 2016 12:00am
Closing EU door to Turkey 'serious mistake': Juncker

Closing EU door to Turkey 'serious mistake': Juncker

European Commission chief Jean-Claude Juncker on Thursday rejected Austria's call for the EU to end membership talks with Turkey, warning that it would be a grave error. Turkey's longstanding, and recently revived, bid to join the EU has already been hit
Published 05 Aug, 2016 12:00am
Japan's new defence chief warns on North Korea, China

Japan's new defence chief warns on North Korea, China

Japan's hawkish new defence minister singled out North Korean provocations and Chinese use of "force" in territorial disputes on Thursday as she reviewed troops on her first day in the job. Prime Minister Shinzo Abe appointed Tomomi Inada, a close confida
Published 05 Aug, 2016 12:00am
First UN aid since June for Syrians trapped on Jordan border

First UN aid since June for Syrians trapped on Jordan border

UN agencies announced Thursday the first delivery since June of desperately-needed food and hygiene supplies to tens of thousands of Syrians trapped on the border with Jordan. The announcement came in a joint statement by the heads of the World Food Progr
Published 05 Aug, 2016 12:00am
Nature's 2016 resource 'budget' already used up

Nature's 2016 resource 'budget' already used up

In just over seven months, humanity has used up a full year's allotment of natural resources such as water, food and clean air - the quickest rate yet, according to a new report. The point of "overshoot" will officially be reached on Monday, said environm
Published 05 Aug, 2016 12:00am
Briton arrested over deadly Bangladesh cafe siege

Briton arrested over deadly Bangladesh cafe siege

A British national and a student at a Canadian university who were dining at a Bangladeshi cafe when it was besieged by jihadists last month have been arrested on suspicion of involvement in the attack. Police said Hasnat Karim, a British citizen of Bangl
Published 05 Aug, 2016 12:00am
Venezuela prison blast kills five

Venezuela prison blast kills five

A bomb attack killed five inmates and wounded at least 30 others at a Venezuelan prison, officials said Thursday. Unidentified attackers threw two explosive devices into a courtyard at the Alayon prison in the central city of Maracay on Wednesday night, p
Published 05 Aug, 2016 12:00am
China rights lawyer jailed for 7 years, 'thanks Xi': court

China rights lawyer jailed for 7 years, 'thanks Xi': court

A prominent Chinese human rights lawyer was convicted of subversion and sentenced to seven years in prison Thursday, the court said - adding that he thanked President Xi Jinping for his leadership. The proceedings againt Zhou Shifeng, director of the now
Published 05 Aug, 2016 12:00am
Customs values on import of soaps enhanced

Customs values on import of soaps enhanced

The Directorate General of Customs Valuation Karachi has amended its valuation ruling and revised upward customs values on the import of soaps for protection of the local industry, encouraging manufacturing of this item at domestic stage. Syed Tanvir Ahme
Published 05 Aug, 2016 12:00am
CNG price in Sindh may soar by Rs six

CNG price in Sindh may soar by Rs six

Price of CNG in Sindh would be increased by Rs 6 per litre subsequent to the decision of the CNG outlet owners to sell in litres instead of kilograms, informed sources told Business Recorder here on Thursday. According to Petroleum Ministry sources
Published 05 Aug, 2016 12:00am
Youm-e-Shuhada: Prime Minister pays tributes to LEAs, police personnel

Youm-e-Shuhada: Prime Minister pays tributes to LEAs, police personnel

Prime Minister Nawaz Sharif on Thursday paid rich tributes to the Law Enforcing Agencies (LEAs) including the police personnel for rendering enormous sacrifices in the fight against terrorism. "The fight against terrorism is our definite national resolve
Published 05 Aug, 2016 12:00am
FBR directed to issue admissible ST refund to taxpayer

FBR directed to issue admissible ST refund to taxpayer

Federal Tax Ombudsman (FTO) Office has directed Federal Board of Revenue (FBR) to immediately issue admissible sales tax refund of Rs 5,155.782 to a taxpayer who has been harshly treated by the tax department for blocking of his refund claim over one year
Published 05 Aug, 2016 12:00am
Afghan refugees seek more time

Afghan refugees seek more time

Afghan refugees, residing in various parts of Khyber Pakhtunkhwa have demanded of the government to give further extension in their legal residency status period. They also urged to take steps for resolving their problems amicably before the repatriation
Published 05 Aug, 2016 12:00am
Independence Day: district officers asked to chalk out programmes

Independence Day: district officers asked to chalk out programmes

Deputy Commissioner Hyderabad, Moatsim Abbasi, directed all officers concerned of the district to chalk out their programs to celebrate 69th Independence Day of Pakistan in befitting manner so that all arrangements in the regard could be finalised in co-o
Published 05 Aug, 2016 12:00am
First PIA Hajj flight leaves for Madina

First PIA Hajj flight leaves for Madina

First Hajj flight of Pakistan International Airlines (PIA) has departed to Madina with 328 passengers on Thursday. According to details, the airline which has commenced its Hajj operations from 10 cities of Pakistan including Islamabad, Karachi, Lahore, P
Published 05 Aug, 2016 12:00am
Islamabad airport resumes operation

Islamabad airport resumes operation

Benazir Bhutto International Airport (BBIAP), Islamabad has resumed its operation after runway maintenance. According to details, Pakistan Civil Aviation Authority (PCAA) has suspended all operations at BBIAP for runway maintenance and directed all airlin
Published 05 Aug, 2016 12:00am
Senate panel reacts to recreation of devolved ministries

Senate panel reacts to recreation of devolved ministries

A Senate panel has expressed serious reservations over the recreation of devolved ministries with new names at the federal level and stated that it was against the spirit of devolution under the 18th Amendment. Senate Function Committee which met here Thu
Published 05 Aug, 2016 12:00am
PTI raises questions on military exercise with Israel

PTI raises questions on military exercise with Israel

Pakistan Tehreek-e-Insaf (PTI) on Thursday raised serious questions in the National Assembly on joint military exercises of United States (US), Pakistan and Israel in Nevada and asked the Defence Minister to respond to the House. While raising questions i
Published 05 Aug, 2016 12:00am
KP observes 'Youm-e-Shuhada' Police Day

KP observes 'Youm-e-Shuhada' Police Day

The Khyber Pakhtunkhwa police on Thursday observed Youm-e-Shuhada Police Day across the province and paid rich tribute to the sacrifices of police in the war against terrorism. Today is the six death anniversary of the late IG FC Safwat Ghayur, who was ki
Published 05 Aug, 2016 12:00am
FFC shows Rs 4.89 billion net earnings despite heavy taxation

FFC shows Rs 4.89 billion net earnings despite heavy taxation

A leading fertiliser company has shown net earnings of Rs 4.89 billion for the period ending June 30, 2016 despite imposition of three percent Super Tax, heavy taxation, GIDC, volatile market conditions and absorption of part of fertilizer subsidy.
Published 05 Aug, 2016 12:00am
FFC shows Rs 4.89 billion net earnings despite heavy taxation

FFC shows Rs 4.89 billion net earnings despite heavy taxation

A leading fertiliser company has shown net earnings of Rs 4.89 billion for the period ending June 30, 2016 despite imposition of three percent Super Tax, heavy taxation, GIDC, volatile market conditions and absorption of part of fertilizer subsidy.
Published 05 Aug, 2016 12:00am
Pakistan's sincerity, resolve unquestionable, FO tells Pentagon

Pakistan's sincerity, resolve unquestionable, FO tells Pentagon

Pakistan on Thursday rejected the allegations of making distinction among terrorist groups, saying operation Zarb-e-Azb is underway against all terror outfits without any discrimination. Foreign Office spokesperson Nafees Zakaria, responding to queries du
Published 05 Aug, 2016 12:00am
APHC activists hold protest against visit of Singh

APHC activists hold protest against visit of Singh

Activists of All Parties Hurriyat Conference (APHC) on Thursday staged a protest against the visit of Indian Home Minister Rajnath Singh to Islamabad. Around 50 activists and senior leaders of the APHC took part in the protest held in front of the Diploma
Published 05 Aug, 2016 12:00am
Partly Facetious: Mian sahib's watch can rival any jewellery

Partly Facetious: Mian sahib's watch can rival any jewellery

"Mian sahib addressed the Saarc conference in Islamabad in an expensive suit and a tie! And perhaps it was the same suit that he had stitched in London recently, if you remember the tailor's assistant's Instagram photograph that went viral in this country
Published 05 Aug, 2016 12:00am
Pakistan's foreign exchange reserves down $106 million in July

Pakistan's foreign exchange reserves down $106 million in July

The country's total liquid foreign exchange reserves declined by $106 million during the first month of this fiscal year, mainlyy due to foreign debt payment The country's total liquid foreign exchange reserves crossed $23 billion mark at the end of last
Published 05 Aug, 2016 12:00am
Lower retail prices: POL products' sales hit 10-year high in July

Lower retail prices: POL products' sales hit 10-year high in July

Boosted by a strong growth in the sale of Furnace Oil (FO) and Motor Gasoline (MOGAS), the sale of Petroleum Oil and Lubricant (POL) in the country rose by 22 percent to a 10-year high of 2.10 million tons in July 2016. This growth in POL sales, excluding
Published 05 Aug, 2016 12:00am
Enough funds available to implement entire Rs 200 ADP: Murad

Enough funds available to implement entire Rs 200 ADP: Murad

Sindh Chief Minister Syed Murad Ali Shah has said that development of the province is his dream, and this is the right time to make his dream realised. "Rs 200 billion is pretty good amount enough to make Sindh developed, neat, clean and green province, t
Published 05 Aug, 2016 12:00am
Enough funds available to implement entire Rs 200 ADP: Murad

Enough funds available to implement entire Rs 200 ADP: Murad

Sindh Chief Minister Syed Murad Ali Shah has said that development of the province is his dream, and this is the right time to make his dream realised. "Rs 200 billion is pretty good amount enough to make Sindh developed, neat, clean and green province, t
Published 05 Aug, 2016 12:00am
UBL ATM network crosses 1,000 mark

UBL ATM network crosses 1,000 mark

United Bank Limited (UBL), Pakistan's Best Bank 2016, crossed yet another milestone. The bank's ATM network has grown to a landmark 1,000 active ATMs deployed nation-wide. With their round the clock availability and geographical spread in more than 100 ci
Published 05 Aug, 2016 12:00am
Heart & lung diseases: over 200 patients operated at Liaquat Hospital

Heart & lung diseases: over 200 patients operated at Liaquat Hospital

Department of Cardiothoracic Surgery of Liaquat University Hospital Hyderabad, within three years of its inception, has not only provided cardiac care and surgical facilities to hundreds of patients of Sindh free of cost but it was also imparting training
Published 05 Aug, 2016 12:00am
Law & order situation now improving significantly: Chandio

Law & order situation now improving significantly: Chandio

Advisor to Sindh Chief Minister on Information and Archives, Moula Bux Chandio on Thursday said that law and order situation in Karachi is improving significantly soon after new Sindh Chief Minister has assumed the charge of his office. "The interior mini
Published 05 Aug, 2016 12:00am
164 held in crackdown against profiteers

164 held in crackdown against profiteers

District administration arrested 164 persons in crackdown against profiteers in different parts of the district and also arrested the owners of four medical laboratories for lacking qualified staff. On the directives of Deputy Commissioner (DC), Peshawar,
Published 05 Aug, 2016 12:00am
SECP clarification

SECP clarification

A section of the press has carried a statement of the Association of Builders and Developers (ABAD) about the SECP's role proposed in the draft Companies Bill for regulating the real estate sector. The statement is completely misplaced. The SECP does not
Published 05 Aug, 2016 12:00am
'ASSPL, DTL not acquiring WorldCall Telecom'

'ASSPL, DTL not acquiring WorldCall Telecom'

Allied Supplies and Services (Pvt) Limited (ASSPL) and Dunva Technologies Limited (DTL) are not acquiring 56.8 percent of ordinary share capital and 100 percent of the Convertible Preference Shares of WorldCall Telecom Limited (WTL), said a stock filing T
Published 05 Aug, 2016 12:00am
Note on the Income Tax (Amendment) Ordinance, 2016

Note on the Income Tax (Amendment) Ordinance, 2016

GENERAL This note covers the comments on matters contained in the Income Tax (Amendment) Ordinance, 2016 ('Amendment Ordinance') dated July 31, 2016. Through the Amendment Ordinance, certain fundamental changes have been m
Published 05 Aug, 2016 12:00am
Note on the Income Tax (Amendment) Ordinance, 2016

Note on the Income Tax (Amendment) Ordinance, 2016

GENERAL This note covers the comments on matters contained in the Income Tax (Amendment) Ordinance, 2016 ('Amendment Ordinance') dated July 31, 2016. Through the Amendment Ordinance, certain fundamental changes have been m
Published 05 Aug, 2016 12:00am
'TDAP endeavouring to enhance capacity building of exporters'

'TDAP endeavouring to enhance capacity building of exporters'

Trade Development Authority of Pakistan (TDAP) is endeavouring to enhance the capacity building of the exporters by educating them to understand the latest business global paradigms in context of international trade scenario. Director General TDAP Sher Af
Published 05 Aug, 2016 12:00am
Chinese company signs JV agreement with Balochistan Glass Limited

Chinese company signs JV agreement with Balochistan Glass Limited

A Joint Venture agreement was signed on Thursday between the Chinese company Globallink Glass and Pakistan-based Balochistan Glass Limited. Under the agreement, a manufacturing facility will be established near Lahore to manufacture and sell high-quality
Published 05 Aug, 2016 12:00am
LCCI for resolving export-oriented industry's issues

LCCI for resolving export-oriented industry's issues

The Lahore Chamber of Commerce and Industry (LCCI) has the urged government to support the export-oriented industry through resolving their issues like undue delay in refund claims, energy shortage and high input cost. LCCI President Sheikh Muhammad Arsha
Published 05 Aug, 2016 12:00am
Students, faculty members of KIPS IGCL visit various mly units

Students, faculty members of KIPS IGCL visit various mly units

A group of 100 students and faculty members from KIPS Intermediate Girls College Lahore (IGCL) spent a day out visiting various military units and formations of Pakistan Army at Lahore Garrison. The day long programme, was specifically organised to enligh
Published 05 Aug, 2016 12:00am
Export industry adheres to labour standards: SCCI President

Export industry adheres to labour standards: SCCI President

A one day consultation workshop on "More and Better jobs through Socially Responsible Labour Practices in Sport Goods Industry in Pakistan," was organised by Employers Federation and International Labour Organisation (ILO) in collaboration with Sialkot Ch
Published 05 Aug, 2016 12:00am
Youm-e-Shuhada-e-Police observed in Lahore

Youm-e-Shuhada-e-Police observed in Lahore

Youm-e-Shuhada-e-Police was observed to honour the sacrifices of National Highways & Motorway Police officers who died in the line of duty. Prayer ceremony, lighting up of "Diyas and Candles," wreath laying and display banner at prominent places to crown
Published 05 Aug, 2016 12:00am
CJ LHC for better implementation of justice delivery system

CJ LHC for better implementation of justice delivery system

The Lahore High Court Chief Justice Syed Mansoor Ali Shah on Wednesday said that the Justice Delivery System could bear fruit for litigants only if modern techniques of case management and court automation would be put in practice. He was addressing a rou
Published 05 Aug, 2016 12:00am
ACCA seeks to develop accounting industry

ACCA seeks to develop accounting industry

ACCA undertook a 30-day "100 employer initiative" to develop a professional accountants' market in Pakistan. ACCA's vision is to be number one in developing professional accountants in the world. This need is placed at the heart of everything they do in P
Published 05 Aug, 2016 12:00am
FESCO CEO explains significance of mobile meter reading

FESCO CEO explains significance of mobile meter reading

Chief Executive Officer (CEO) Faisalabad Electric Supply Company (FESCO) Rashid Ahmed paid a surprise visit to five Operation Divisions of FESCO Second Circle and directed FESCO staff to perform their duty honestly because there is no room for black sheep
Published 05 Aug, 2016 12:00am
Devolution of PTB to KP sought

Devolution of PTB to KP sought

A high-level meeting held here in Assembly Secretariat with Speaker, Khyber Pakhtunkhwa Assembly, Asad Qaiser in the chair has evolved consensus on demanding the devolution of Pakistan Tobacco Board (PTB) to the province. Besides, Senior Minister Shehram
Published 05 Aug, 2016 12:00am
Above grade 11: KP shifts recruitment powers to PSC

Above grade 11: KP shifts recruitment powers to PSC

Khyber Pakhtunkhwa Senior Minister for Local Government and Rural Development Inayatullah has said that the powers of recruitment for vacancies above BPS-11 have been shifted to Public Service Commission (PSC) while appointment on the vacancies of Village
Published 05 Aug, 2016 12:00am
SPC holds training workshop

SPC holds training workshop

The Sustainable Production Centre (SPC) organised a training workshop at the APTMA Punjab office for the textile industry professionals and Utility Managers of processing industry on prevention measures to minimise water, energy and chemicals consumption
Published 05 Aug, 2016 12:00am
Discussion session for students held

Discussion session for students held

Pak-China Joint Chamber of Commerce and Industry (PCJCCI) President Shah Faisal Afridi has said the imparting of Chinese language to the Pakistani youth is aimed at making them confident in pursuing their innovative ideas more effectively with the Chinese
Published 05 Aug, 2016 12:00am
Appointment of judges: LHC moved

Appointment of judges: LHC moved

A lawyer here on Thursday approached the Lahore High Court on appointment of judges by inviting applications from lawyers having more than 10 years experience of practice in any High Court. The petitioner M H Mujahid through his counsel A K Dogar submitte
Published 05 Aug, 2016 12:00am
Cotton futures surge to two-year high in technical rally
Cotton

Cotton futures surge to two-year high in technical rally

ICE cotton futures jumped over 2 percent to the highest in over two years on Thursday, as prices broke through the key 75 cent level on a technical rally supported by concerns over weather. The market also factored in weekly export sales data from the US
Published 05 Aug, 2016 12:00am
'We cannot afford any conflict'

'We cannot afford any conflict'

This is apropos a Business Recorder news item "PM tells envoys' moot: 'We cannot afford any conflict'" carried by the newspaper yesterday. According to it, Prime Minister Nawaz Sharif has declared that Pakistan's desire for peace and friendly relat
Published 05 Aug, 2016 12:00am
Away from spotlight, US manufacturers battle back from 'China shock'

Away from spotlight, US manufacturers battle back from 'China shock'

As furniture makers left Hickory and headed to China at the start of the century, the local community college shuttered its courses in furniture production, abandoning an industry that had sustained this North Carolina community for generations. Little mo
Published 05 Aug, 2016 12:00am
They're just crying wolf again

They're just crying wolf again

Our criminal neglect ignoring the lessons learnt while vacillating from crisis to crisis may make this long and hot summer really sizzle. Millions of our countrymen continue to remain neglected and out of the mainstream because of misgovernance by our rul
Published 05 Aug, 2016 12:00am
For our elites only!

For our elites only!

Cities in Pakistan planned for rich housing-Dr Nadeem Ul Haque & Ali Salman The mere thought of a sudden central government intervention in a market phenomenon is fearsome. It may be considered nationalisation of real estate market. The consequences of na
Published 05 Aug, 2016 12:00am
Counter-terrorism alliance

Counter-terrorism alliance

Given the wide sweep and infinite savagery that international terrorism has acquired, particularly since the arrival of Daesh on the scene, giving it an equal fight has become increasingly problematic with the civilian law enforcement agencies. Effectivel
Published 05 Aug, 2016 12:00am
Economic 'long march'

Economic 'long march'

While some of the opposition parties are trying to organise protest rallies, marches and sit-ins to give a tough time to the authorities, the present PML (N) government is not far behind in displaying its strength to the electorate. Speaking at a press co
Published 05 Aug, 2016 12:00am
'Economic revival is ultimate objective of PML-N government'

'Economic revival is ultimate objective of PML-N government'

Muhammad Adrees, former President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Chairman Faisalabad Industrial Estate Development and Management Company (FIEDMC) has lauded the efforts of Chief Minister Punjab Shahbaz Sharif to comp
Published 05 Aug, 2016 12:00am
Energy projects $11 billion being spent in Sindh: Shahbaz

Energy projects $11 billion being spent in Sindh: Shahbaz

Punjab Chief Minister Shahbaz Sharif said he wants to tell the nation that investment of 36 billion dollars is being made for the projects of electricity in Pakistan under CPEC. Out of this, 11 billion dollars are being spent on energy projects in Sindh,
Published 05 Aug, 2016 12:00am
Energy projects $11 billion being spent in Sindh: Shahbaz

Energy projects $11 billion being spent in Sindh: Shahbaz

Punjab Chief Minister Shahbaz Sharif said he wants to tell the nation that investment of 36 billion dollars is being made for the projects of electricity in Pakistan under CPEC. Out of this, 11 billion dollars are being spent on energy projects in Sindh,
Published 05 Aug, 2016 12:00am
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