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Oct 09, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-08-17
German investor morale brightens slightly

German investor morale brightens slightly

The mood among German analysts and investors improved slightly in August, a survey showed on Tuesday, regaining some ground after a slump last month following Britons' vote to leave the European Union. The data from the Mannheim-based ZEW institute came a
Published 17 Aug, 2016 12:00am
Ford, Baidu invest in US self-driving car sensor firm

Ford, Baidu invest in US self-driving car sensor firm

Ford Motor Company and Chinese internet giant Baidu on Tuesday said they have invested a combined $150 million in Velodyne, a US company specialising in laser sensors for self-driving cars. The California-based Velodyne said the cash infusion will enable
Published 17 Aug, 2016 12:00am
Handelsbanken dismisses CEO over insufficient leadership

Handelsbanken dismisses CEO over insufficient leadership

Handelsbanken, Sweden's second biggest bank, sacked its chief executive Tuesday over inadequate leadership after less than 18 months in the job. The decision to dismiss Frank Vang-Jensen as president and group CEO was made unanimously by the board, the ba
Published 17 Aug, 2016 12:00am
British inflation climbs after Brexit vote

British inflation climbs after Brexit vote

Britain's annual inflation rate edged higher last month, official data showed Tuesday, and is set to climb further as a weak pound caused by the Brexit vote raises import prices. The 12-month Consumer Price Index rose by 0.6 percent in July, the Office fo
Published 17 Aug, 2016 12:00am
US economy gains momentum

US economy gains momentum

US consumer prices were unchanged in July on falling gasoline costs, but solid gains in industrial output and home building suggested a pickup in economic activity that could allow the Federal Reserve to raise interest rates this year. Tuesday's mixed rep
Published 17 Aug, 2016 12:00am
FTSE expectations boost Qatar, most Gulf markets retreat

FTSE expectations boost Qatar, most Gulf markets retreat

Qatari stocks rose on Tuesday amid expectations money will flow into the market when the index compiler FTSE promotes it to emerging-market status from frontier market. Most other Gulf markets gave up early gains to close lower and Dubai pulled back from
Published 17 Aug, 2016 12:00am
Sri Lankan shares down

Sri Lankan shares down

Sri Lankan shares closed slightly lower on Tuesday after posting a more than 11-week closing high in the previous session, as investors booked profits in beverage stocks and foreign investors trimmed their holdings. Foreign investors offloaded a net 89.85
Published 17 Aug, 2016 12:00am
Tokyo shares slump
Currency

Tokyo shares slump

Tokyo shares slumped for a second session in thin trading on Tuesday after a sharp rally in the yen and disappointing Japanese second-quarter GDP figures hit investor sentiment. The yen's rise - a negative for exporters' overseas profitability - came on t
Published 17 Aug, 2016 12:00am
Wall Street ends at record highs; commodity shares climb

Wall Street ends at record highs; commodity shares climb

All three major US stock indexes ended at all-time highs on Monday, extending their record-setting climb of the past few weeks as the dollar's weakness boosted commodity-related shares. Deal news also bolstered stocks. Shares of Xylem rose 3.9 percent to
Published 17 Aug, 2016 12:00am
Hong Kong shares flat

Hong Kong shares flat

Hong Kong shares, like those in many Asian markets, were roughly flat on Tuesday, as they cooled off after reaching their highest point this year. The Hang Seng index fell 0.1 percent, to 22,910.84, while the China Enterprises Index was unchanged at 9,707
Published 17 Aug, 2016 12:00am
US bonds slip

US bonds slip

US Treasury prices fell on Monday, with benchmark yields rising from near two-week lows as hopes for more central bank stimulus overseas stoked demand for stocks and other risky assets, reducing demand for low-yielding government debt. Hedging linked to t
Published 17 Aug, 2016 12:00am
US bonds slip

US bonds slip

US Treasury prices fell on Monday, with benchmark yields rising from near two-week lows as hopes for more central bank stimulus overseas stoked demand for stocks and other risky assets, reducing demand for low-yielding government debt. Hedging linked to t
Published 17 Aug, 2016 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks fell on Tuesday, in line with other Asian markets, hit by decline in shares of heavyweights such as Taiwan Semiconductor Manufacturing Co (TSMC). As of 0503 GMT, the main TAIEX index fell 0.4 percent to 9,111.19, after closing at 9,148.51 in
Published 17 Aug, 2016 12:00am
Indian shares fall

Indian shares fall

Indian shares ended lower on Tuesday, as software services exporters retreated after Royal Bank of Scotland cancelled a contract with Infosys and as world stocks moved away from one-year peaks amid global concerns. The BSE index fell 0.31 percent to 28,06
Published 17 Aug, 2016 12:00am
China approves trading link for Shenzhen, Hong Kong stocks

China approves trading link for Shenzhen, Hong Kong stocks

China's central government has approved plans to link trading between the Shenzhen stock exchange and the Hong Kong market, it said Tuesday, paving the way for the long-awaited reform. The Hong Kong stock exchange said it expected preparations for the lau
Published 17 Aug, 2016 12:00am
China stocks retreat

China stocks retreat

China stocks pulled back from seven-month highs on Tuesday as a sharp correction in bank shares offset sustained strength in the property sector. Both the bluechip CSI300 index and the Shanghai Composite Index lost 0.5 percent, to 3,378.25 and 3,110.04 po
Published 17 Aug, 2016 12:00am
European shares pulled back from seven-week highs

European shares pulled back from seven-week highs

European shares pulled back from 7-week highs on Tuesday, weighed down by industrial stocks, after Swiss firm Schindler lowered its outlook for 2016. The STOXX Europe 600 fell 0.8 percent. While it closed flat on Monday, it had touched its highest level s
Published 17 Aug, 2016 12:00am
Australian shares dip

Australian shares dip

Gains in Australian energy and natural resources shares were offset by weakness in financials and discretionary stocks on Tuesday. The S&P/ASX 200 index dipped 0.14 percent, or 7.96 points, to 5,532.0 at the close of trade, but remained near the peak of 5
Published 17 Aug, 2016 12:00am
Southeast Asian markets sluggish
Currency

Southeast Asian markets sluggish

Southeast Asian stock markets were sluggish on Tuesday, with Thailand shedding nearly 1 percent to a one-week low, amid expectations of an extended phase of monetary easing after downbeat economic data from major economies. Most countries are easing their
Published 17 Aug, 2016 12:00am
FTSE slips from 14-month highs as UK inflation bites

FTSE slips from 14-month highs as UK inflation bites

Britain's top shares index slipped from a 14-month high on Tuesday as higher-than-expected UK inflation data weighed on the market. The bluechip FTSE 100 index, which reached a 14-month high in the previous session, fell 0.7 percent to 6,893.92 points. Th
Published 17 Aug, 2016 12:00am
Dollar down against yen in Asia

Dollar down against yen in Asia

The dollar hit a one-month low against the yen on Tuesday, staying on the defensive after recent US economic data were seen likely to limit the prospects of a near-term Fed interest rate hike. The dollar slid 0.8 percent to 100.43 yen and touched a low of
Published 17 Aug, 2016 12:00am
Dollar sinks against yen in Europe on Williams comments
Currency

Dollar sinks against yen in Europe on Williams comments

The dollar hit its lowest in seven weeks on Tuesday, dipping below 100 yen for the first time since June as traders reined in US interest rate hike bets following dovish comments from a Federal Reserve policymaker. The greenback also fell another 1 percen
Published 17 Aug, 2016 12:00am
Early trade in New York: Dollar edges off lows

Early trade in New York: Dollar edges off lows

The US dollar hit its lowest levels in more than seven weeks against the euro, yen and Swiss franc on Tuesday a day after dovish comments from a top Federal Reserve official, but pared losses after remarks from the head of the New York Fed raised expectat
Published 17 Aug, 2016 12:00am
Dollar slips against basket of currencies in NewYork
Currency

Dollar slips against basket of currencies in NewYork

The dollar fell against a basket of currencies on Monday, undermined by recent soft US economic data that tempered expectations of a Federal Reserve interest rate hike this year. The dollar, which has fallen in four of the last five trading sessions, also
Published 17 Aug, 2016 12:00am
Sri Lankan rupee steady
Currency

Sri Lankan rupee steady

The Sri Lankan rupee ended steady on Tuesday as dollar sales by exporters were offset by importer demand for the US currency, dealers said. The spot rupee ended at 145.50/55 per dollar, unchanged from Monday. "Exporter (dollar) sales were there. But the r
Published 17 Aug, 2016 12:00am
Global easy money hopes lift Asia FX
Currency

Global easy money hopes lift Asia FX

Most emerging Asian currencies extended gains on Tuesday as investors continued to seek out higher yields in the region amid expectations of further monetary policy easing around the globe. South Korea's won hovered near a 15-month high on capital inflows
Published 17 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 Tuesday. 78.40-78.40 (previous 78.40-78.40).
Published 17 Aug, 2016 12:00am
Sterling boosted by above-forecast UK inflation data
Currency

Sterling boosted by above-forecast UK inflation data

Sterling enjoyed some respite on Tuesday, rising from three-year lows against the euro and pulling further away from a five-week trough against the dollar, after slightly higher than expected inflation data. Consumer price rises gathered speed, up 0.6 per
Published 17 Aug, 2016 12:00am
Aussie, kiwi slip against yen
Currency

Aussie, kiwi slip against yen

The Australian dollar took a sudden turn lower against the yen on Tuesday as speculators pushed the Japanese currency higher against the US dollar and euro, though the Aussie held steady elsewhere. The Australian dollar fell 0.8 percent to 77.12 yen in af
Published 17 Aug, 2016 12:00am
Lahore Qalandars, Jazz to promote grass roots cricket

Lahore Qalandars, Jazz to promote grass roots cricket

Lahore Qalandars, Pakistan Premier League's most avidly followed cricket club and Jazz, the Nation's beloved telecom brand, have announced 'The Jazz Rising Stars' initiative across Punjab. This move has been made to further the development of grass roots
Published 17 Aug, 2016 12:00am
Havelange, FIFA king who abdicated in corruption scandal, dies

Havelange, FIFA king who abdicated in corruption scandal, dies

Joao Havelange, who died Tuesday at 100, turned FIFA into a global business behemoth and helped bring the Olympics to Rio, only to resign in disgrace after a corruption scandal. The Samaritano Hospital in Rio de Janeiro confirmed that Havelange, who had b
Published 17 Aug, 2016 12:00am
England drop Vince for Pakistan ODIs

England drop Vince for Pakistan ODIs

England dropped struggling batsman James Vince for their one-day international series against Pakistan, it was announced Tuesday. But they have recalled fit-again Durham duo Ben Stokes and Mark Wood into a 15-man squad which also features a call-up for Vi
Published 17 Aug, 2016 12:00am
Pak Army win POF Basketball Tournament

Pak Army win POF Basketball Tournament

Army lifts the champions' cup by beating PAF in all Pakistan Chairman POF Board Indoor Basketball Tournament played between Pakistan Army and Pakistan Air Force at POF Sports Complex Wah Cantt on Tuesday. Pakistan Army defeated the Pakistan Air Force (71-
Published 17 Aug, 2016 12:00am
Rio boxing embroiled in fresh judging controversy

Rio boxing embroiled in fresh judging controversy

An Irish amateur world champion accused Olympic boxing of corruption on Tuesday as the sport was embroiled in fresh controversy barely 12 hours after a Russian was booed to the podium. The International Boxing Association (AIBA) vehemently rejected the ac
Published 17 Aug, 2016 12:00am
Silva ton dims Aussie hopes of win

Silva ton dims Aussie hopes of win

A gritty century from Kaushal Silva gave Sri Lanka a commanding 288-run second innings lead Tuesday, dimming Australia's hopes of a consolation win in the third and final Test in Colombo. Sri Lanka, who are pushing for a rare series whitewash after winnin
Published 17 Aug, 2016 12:00am
Laiba Ijaz retains Independence Day Squash title

Laiba Ijaz retains Independence Day Squash title

Laiba Ijaz retained the trophy after defeating Kalsoom in the final of the Independence Day Squash played here at Qamar Zaman Squash Complex under the aegis of Directorate of Sports Khyber Pakhtunkhwa. Director General Sports Rashida Ghaznavi was the chie
Published 17 Aug, 2016 12:00am
Title holder Taylor soars to triple jump gold

Title holder Taylor soars to triple jump gold

Reigning champion Christian Taylor retained his Olympic triple jump title on Tuesday, the American comfortably seeing off his rivals in the Rio sunshine. The 26-year-old world champion set a season's best 17.86 metres with his first leap, good enough for
Published 17 Aug, 2016 12:00am
Weertman makes it double Dutch gold with open water win

Weertman makes it double Dutch gold with open water win

Ferry Weertman won a ferocious battle for the men's 10km open water swimming gold at the Rio Olympics on Tuesday, edging Spiros Gianniotis in a frantic photo finish to cap a Dutch open water double. Weertman's triumph by the narrowest of margins - both he
Published 17 Aug, 2016 12:00am
Rudisha ruthless but dives, Braz steal show in Rio

Rudisha ruthless but dives, Braz steal show in Rio

David Rudisha sealed a historic Olympic 800m double as Shaunae Miller's audacious dive and Thiago Braz's pole vault gold for Brazil lit up a wet Monday night in Rio.Kenya's Rudisha was all class in a smooth 800m victory which made him the first man since
Published 17 Aug, 2016 12:00am
Turkey court shuts down pro-Kurdish newspaper

Turkey court shuts down pro-Kurdish newspaper

A Turkish court on Tuesday ordered the temporary closure of a newspaper accused of links with Kurdish militants and spreading terrorist propaganda. The court in Istanbul accused the pro-Kurdish Ozgur Gundem of "acting as the de facto news outlet" for the
Published 17 Aug, 2016 12:00am
Turkish prosecutors demand two life terms for Gulen

Turkish prosecutors demand two life terms for Gulen

Turkish prosecutors on Tuesday demanded two life sentences and an additional 1,900 years in prison for US-based Muslim preacher Fethullah Gulen, blamed by Ankara for masterminding last month's attempted coup. But in a step back from threats to reintroduce
Published 17 Aug, 2016 12:00am
Anti-IS forces retake central area in Sirte

Anti-IS forces retake central area in Sirte

Libyan pro-government forces said they seized control Tuesday of a central district of Sirte as they advanced against the last pockets of Islamic State group resistance in the coastal city. Backed by tanks and mortar fire, forces loyal to Libya's Governme
Published 17 Aug, 2016 12:00am
HRW urges Jordan to get more Syrian children into school

HRW urges Jordan to get more Syrian children into school

Human Rights Watch urged Jordan on Tuesday to ease access to education for thousands of un-schooled Syrian refugee children ahead of the new academic year starting in September. More than 80,000 school-aged Syrian children in the kingdom received no forma
Published 17 Aug, 2016 12:00am
China launches first quantum satellite

China launches first quantum satellite

China launched the world's first quantum satellite Tuesday, state media reported, in an effort to harness the power of particle physics to build an "unhackable" system of encrypted communications. The launch took place at 1:40 am in the south-western Gobi
Published 17 Aug, 2016 12:00am
Eight dead, 40,000 homes flooded in Louisiana

Eight dead, 40,000 homes flooded in Louisiana

The death toll from historic flooding in the US state of Louisiana went up to eight on Tuesday, as the expanding flood zone prompted authorities to declare disasters in a dozen parishes. While waters were receding in parts of southern Louisiana, other are
Published 17 Aug, 2016 12:00am
New York settles more than $4 million in death of black man

New York settles more than $4 million in death of black man

The city of New York has agreed to pay more than $4 million to the family of an unarmed black father of one, who was shot dead by a police officer. Akai Gurley, 28, was shot in a darkened stairwell of a public housing building in November 2014 after takin
Published 17 Aug, 2016 12:00am
South Korea releases North Korean restaurant defectors

South Korea releases North Korean restaurant defectors

South Korea said Tuesday that its intelligence service had finished investigating 13 North Korean restaurant workers whose joint defection triggered accusations from Pyongyang that they were kidnapped. A Unification Ministry official said the dozen waitre
Published 17 Aug, 2016 12:00am
Palestinian killed in clashes with Israeli forces

Palestinian killed in clashes with Israeli forces

A Palestinian teenager was shot dead on Tuesday during clashes with Israeli forces at a refugee camp in the occupied West Bank, Palestinian officials said. "Mohammed Abu Hashash, 17, died after he was shot in the chest during clashes with (Israeli forces)
Published 17 Aug, 2016 12:00am
Iraqi response to displaced 'woefully insufficient': Amnesty

Iraqi response to displaced 'woefully insufficient': Amnesty

Iraq's assistance to civilians forced from their homes by conflict has been far from adequate, Amnesty International said Tuesday, warning that fresh displacement could spell catastrophe. "The Iraqi authorities' response to displaced people has been woefu
Published 17 Aug, 2016 12:00am
Flood-hit elephant that travelled 1700km dies in Bangladesh

Flood-hit elephant that travelled 1700km dies in Bangladesh

An elephant thought to have travelled at least 1,700 kilometres from India into Bangladesh after becoming separated from its herd by floods died on Tuesday despite last-ditch efforts to save him. The distressed animal was tranquillised three times in some
Published 17 Aug, 2016 12:00am
Mentally ill German stabs passengers on Austrian train

Mentally ill German stabs passengers on Austrian train

A mentally ill man from Germany seriously wounded two passengers in a knife attack on a regional train in western Austria on Tuesday, police said, ruling out a terrorist act. The 60-year-old was travelling to the city of Bregenz, in Vorarlberg state, earl
Published 17 Aug, 2016 12:00am
15 Guantanamo inmates transferred to UAE

15 Guantanamo inmates transferred to UAE

Fifteen Guantanamo Bay detainees have been transferred to the United Arab Emirates, the largest such release in years, the Pentagon announced Monday. The latest transfers bring the remaining population of the detention centre down to 61. Since the Septemb
Published 17 Aug, 2016 12:00am
Four militants arrested in raid by SIU

Four militants arrested in raid by SIU

At least four terrorists of banned outfit were arrested in a raid of Special Investigation Unit (SIU) and intelligence agencies in Gulshan-e-Iqbal on Tuesday. While holding a press conference, SIU Senior Superintendent of Police Farooq Awan said that an a
Published 17 Aug, 2016 12:00am
BASH: PCAA launches awareness campaign

BASH: PCAA launches awareness campaign

Pakistan Civil Aviation Authority (PCAA) launches a week long awareness campaign on Bird Aircraft Strike Hazard (BASH) at Benazir Bhutto International Airport Islamabad (BBIAP) today at an awareness session, which was attended by many stakeholders and gue
Published 17 Aug, 2016 12:00am
Restoring infrastructure of city: UBG calls for round-the-clock work

Restoring infrastructure of city: UBG calls for round-the-clock work

Secretary General of United Business Group (UBG) Zubair Tufail has stressed on the need to work dedicatedly round the clock to restore decaying infrastructure of the city. Welcoming inauguration of 260 million gallons per day (MGD) K-4 water project by Si
Published 17 Aug, 2016 12:00am
'India has not restrained PIA from using its air space'

'India has not restrained PIA from using its air space'

Pakistan International Airlines (PIA) has clarified that India has not restrained PIA from using its air space. Earlier, media had reported that India has restrained PIA from using its air space. However, General Manager Public Affairs/Official Spokes-per
Published 17 Aug, 2016 12:00am
Dar for ensuring financial discipline

Dar for ensuring financial discipline

Federal Minister for Finance Senator Ishaq Dar has directed that every effort should be made to continue the reforms agenda and to ensure financial discipline in the country. While chairing a meeting at Finance Division to review the performance of Financ
Published 17 Aug, 2016 12:00am
Security Papers Limited
Cotton

Security Papers Limited

Security Papers Limited (SEPL) is in the business of manufacturing of Banknote Paper and other security papers such as Prize Bonds, Defence Savings Certificate, Non-Judicial Stamp paper, Child Registration Certificate, certificate paper for educational bo
Published 17 Aug, 2016 12:00am
Security Papers Limited
Cotton

Security Papers Limited

Security Papers Limited (SEPL) is in the business of manufacturing of Banknote Paper and other security papers such as Prize Bonds, Defence Savings Certificate, Non-Judicial Stamp paper, Child Registration Certificate, certificate paper for educational bo
Published 17 Aug, 2016 12:00am
Mangla dam filled to maximum level

Mangla dam filled to maximum level

The Mangla Dam today filled to its maximum storage level of 1242 feet above mean sea level. It is worth mentioning that Mangla Dam, the first-ever mega multi-purpose project in Pakistan, was completed in 1967 with storage capacity of 5.88 MAF which reduce
Published 17 Aug, 2016 12:00am
Minister calls for forging unity despite difficulties

Minister calls for forging unity despite difficulties

Punjab Minister for Higher Education Begum Zakia Shahnawaz has called for forging unity saying despite all the difficulties, Pakistan is making rapid progress. She was addressing a seminar organised by Punjab University and Pakistan National Forum in conn
Published 17 Aug, 2016 12:00am
Shahbaz lauds performance of OPCP

Shahbaz lauds performance of OPCP

Punjab Chief Minister and Chairman Overseas Pakistanis Commission Punjab Shahbaz Sharif has said that a large number of Pakistanis living abroad were ambassadors of country and the efficiency of Overseas Pakistanis Commission Punjab, set up for resolving
Published 17 Aug, 2016 12:00am
30 ACs regularised

30 ACs regularised

Additional Chief Secretary Punjab Shamail Ahmed Khawaja Tuesday issued orders for regularisation and posting of 30 Assistant Commissioners including nine women officers after completion of their training period.
Published 17 Aug, 2016 12:00am
Flag hoisting ceremony by Anjuman-e-Tajran

Flag hoisting ceremony by Anjuman-e-Tajran

Patronage, education and grooming of orphans are collective responsibilities of our society and we must encourage them to participate in functions like Independence Day celebrations, said Khawaja Shahid Razaq Sikka president Anjuman-E-Tajran city Faisalab
Published 17 Aug, 2016 12:00am
SCCI chief for establishment of training institutions

SCCI chief for establishment of training institutions

President Sialkot Chamber of Commerce and Industry (SCCI), Mansoor Ahmed has said that there was dire need of setting up training institutions in this export-oriented city and hub of cottage industry of the country. Timely support of the government will h
Published 17 Aug, 2016 12:00am
PTI submits adjournment motion

PTI submits adjournment motion

Punjab Assembly Tehrik-e-Insaf (PTI)member Saadia Suhail Rana has submitted an adjournment motion in the Punjab Assembly in which legislator has cited dearth of facilities in the Munshi Hospital. The motion suggests that medical facilities should be immed
Published 17 Aug, 2016 12:00am
PIA's first Premier Service flight departs to London

PIA's first Premier Service flight departs to London

PIA's first Premier Service flight PK - 757 on Tuesday departed here for London carrying 266 passengers. PIA started this new service to London from Islamabad on 14th August. The state-of-the- art A- 330 aircrafts featuring in- flight entertainment with p
Published 17 Aug, 2016 12:00am
PAT announces schedule of second phase of protest demonstrations

PAT announces schedule of second phase of protest demonstrations

The Central Core Committee of Pakistan Awami Tehreek has announced the schedule of protest demonstrations from August 20 till August 30 against the government The meeting was chaired by its Chairman Dr Tahirul Qadri who declared that the "Qasas and Nation
Published 17 Aug, 2016 12:00am
India should adopt 'open attitude' towards CPEC: Chinese media

India should adopt 'open attitude' towards CPEC: Chinese media

China will not give up building the economic corridor with Pakistan through Azad Kashmir simply because India has problems with it, state media said on Tuesday, indicating that New Delhi has no option but to keep an open mind towards the project. In fact,
Published 17 Aug, 2016 12:00am
Imported consignments: Computer industry assured of speedy clearance

Imported consignments: Computer industry assured of speedy clearance

A senior official of the Customs Department has assured the computer industry that the formal/documented imports of computer vendors and IT industry will be facilitated for speedy clearance of imported consignments, as the sector is contributing handsome
Published 17 Aug, 2016 12:00am
Registered persons: FBR issues modified sales tax return format

Registered persons: FBR issues modified sales tax return format

The Federal Board of Revenue (FBR) has issued modified sales tax return format for registered persons through issuance of SRO 57(I)/2016 dated August 15, here on Tuesday. According to the details, it is learnt that FBR has brought some amendment in sales
Published 17 Aug, 2016 12:00am
Army organises free medical camp in Upper Dir

Army organises free medical camp in Upper Dir

The Pak-Army 2-Baloch Regiment has organised a one day free medical camp at a far-flung Belachand village in Tehsil Barawal of Dir Upper on Tuesday. The specialist doctors of DHQ Hospital, Dir had examined more than 800 patients included 220 women and 180
Published 17 Aug, 2016 12:00am
'Niday-e-Ummat Conference' to be held on August 18

'Niday-e-Ummat Conference' to be held on August 18

To express solidarity and to pay homage to the martyrs of Quetta blast and for annihilation of terrorism, extremism and sectarian violence, "Niday-e-Ummat Conference" is being held on Thursday, August 18 in Islamabad under the aegis of Pakistan Ulema Coun
Published 17 Aug, 2016 12:00am
Afghan refugees' repatriation process accelerates

Afghan refugees' repatriation process accelerates

The process of Afghan refugees' repatriation from Pakistan has accelerated as more than 20,000 Afghan refugees returned to Afghanistan in the month of July. The number of repatriating of Afghan refugees voluntarily returning Afghanistan from Pakistan has
Published 17 Aug, 2016 12:00am
Foreign investors: KP offers 'unmatched' incentives: Khattak

Foreign investors: KP offers 'unmatched' incentives: Khattak

Chief Minister Khyber Pakhtunkhwa Pervez Khattak said that the Government of Khyber Pakhtunkhwa offered unmatched incentives to attract foreign investment in different sectors including projects to be set up under CPEC, hydro power generation, tourism, ho
Published 17 Aug, 2016 12:00am
Taxpayer's appeal: CIR (Appeals) urged to treat DG I&I-IR as respondent

Taxpayer's appeal: CIR (Appeals) urged to treat DG I&I-IR as respondent

The Directorate General, Intelligence & Investigation Inland Revenue (IR) has asked the Commissioner Appeals to take measures for avoiding circumstances where taxpayer gets undue benefit in appeal process owing to non-representation by the I&I-IR at the l
Published 17 Aug, 2016 12:00am
CPEC: first batch of projects to be completed by fiscal year 2018: Ahsan

CPEC: first batch of projects to be completed by fiscal year 2018: Ahsan

Federal Minister for Planning, Development and Reform Ahsan Iqbal said that projects under China Pakistan Economic Corridor (CPEC) were moving forward swiftly and first batch including energy and infrastructure projects would be completed by fiscal year 2
Published 17 Aug, 2016 12:00am
Quetta blast: CJ PHC offers fateha for victims

Quetta blast: CJ PHC offers fateha for victims

Chief Justice Peshawar High Court (PHC), Justice Mazhar Alam Mian Khel, visited Quetta Bar and offered Fateha for the departed souls of the lawyers and other victims who were martyred in the recent terrorist activity in Quetta. He also visited the residen
Published 17 Aug, 2016 12:00am
Customs foils currency smuggling attempts
Currency

Customs foils currency smuggling attempts

Pakistan Customs foiled the smuggling of millions of US dollars, Saudi Riyals and Pakistani currency to Afghanistan in three separate operations conducted at Torkham Pak-Afghan border. The customs authorities have also arrested three accused. In the first
Published 17 Aug, 2016 12:00am
Killing of Soomro's nephew: FIR registered against five accused

Killing of Soomro's nephew: FIR registered against five accused

Islamabad police have registered a murder case against five accused for the killing of nephew of former Senate chairman Mohammad Mian Soomro. A police official said that Shalimar police have registered a First Information Report (FIR) against Raja Arshad,
Published 17 Aug, 2016 12:00am
Shabbir Tiles inks MoU with ABAD

Shabbir Tiles inks MoU with ABAD

Shabbir Tiles & Ceramics Limited (STCL) and the Association ofBuilders and Developers of Pakistan (ABAD) have signed a Memorandum of Understanding (MoU) for contributing together towards the growth and development of Pakistan. Murtaza Lalan, Business Unit
Published 17 Aug, 2016 12:00am
FPCCI opposes shifting of TDAP head office to Islamabad

FPCCI opposes shifting of TDAP head office to Islamabad

Acting President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Sheikh Khalid Tawab has expressed his great concern over the news of shifting of Trade Development Authority of Pakistan (TDAP) Head Office from Karachi to Islamabad. He
Published 17 Aug, 2016 12:00am
No privatization of livestock department under consideration: Malkani

No privatization of livestock department under consideration: Malkani

Sindh Minister for livestock and fisheries, Muhammad Ali Malkani has said that the privatization of livestock department or its any component was not under consideration and the provincial government is focusing on improving the performance of the departm
Published 17 Aug, 2016 12:00am
Archroma Pakistan wins 'Employer of The Year' Award

Archroma Pakistan wins 'Employer of The Year' Award

Archroma, a leader in colour and specialty chemicals, announced that its Pakistan affiliate has been named 'Employer of the Year' in the multinationals segment in a nation-wide contest organised by the Employers Federation of Pakistan (EFP).
Published 17 Aug, 2016 12:00am
Soneri Bank earns Rs 1.175 billion profit after tax

Soneri Bank earns Rs 1.175 billion profit after tax

Soneri Bank Limited posted profit before tax of Rs 2,048.66 million and profit after tax of Rs 1,175.51 million for the half year ended 30 June 2016. These amounts are higher than the corresponding period last year by 7.07 percent and 6.13 percent respect
Published 17 Aug, 2016 12:00am
Soneri Bank earns Rs 1.175 billion profit after tax

Soneri Bank earns Rs 1.175 billion profit after tax

Soneri Bank Limited posted profit before tax of Rs 2,048.66 million and profit after tax of Rs 1,175.51 million for the half year ended 30 June 2016. These amounts are higher than the corresponding period last year by 7.07 percent and 6.13 percent respect
Published 17 Aug, 2016 12:00am
Independence Day: sales hit Rs 10 billion record

Independence Day: sales hit Rs 10 billion record

Sales of national flags and badges during the Independence Day have hit record high of Rs 10 billion, up by 15 times, traders have said. Traders said that the record sales of flags within few days by public showed a rise of patriotism in the metropolis th
Published 17 Aug, 2016 12:00am
Modi must not interfere in Balochistan: Zehri

Modi must not interfere in Balochistan: Zehri

Chief Minister Balochistan, Nawab Sanaullah Khan Zehri has urged Indian Prime Minister, Narendra Modi must avoid interfering in the affairs of Balochistan province of Pakistan, saying he should pay attention towards internal issues and problems of his own
Published 17 Aug, 2016 12:00am
Meezan Bank partners with HomeSend

Meezan Bank partners with HomeSend

Meezan Bank has partnered with HomeSend, a joint venture between Mastercard, eServGlobal and BICS to leverage on HomeSend's extensive network. As a leading global money transfer hub that enables cross-border and cross-network value transfers through a sin
Published 17 Aug, 2016 12:00am
Government should provide incentives to rice growers: PBIF chief

Government should provide incentives to rice growers: PBIF chief

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that the government must come forward to save rice sector and provide incentives to growers. While expressing concern over falling rice exports, he said rice farmer
Published 17 Aug, 2016 12:00am
Cattle market exposed to Congo virus threat

Cattle market exposed to Congo virus threat

An imminent threat of Congo virus looms large due to unchecked arrival of sacrificial animals in the city ahead of Eid-ul-Azha. The government has not yet placed its veterinary officials to check the environment at the cattle market of the city and examin
Published 17 Aug, 2016 12:00am
PSO correction

PSO correction

This is apropos a press release "PSO posts Rs 10.3 billion profit after tax in FY16" issued by Pakistan State Oil and published by the media Monday. By mistake, the wrong figure of market share of black oil products was shared in the email body. The corre
Published 17 Aug, 2016 12:00am
Haseeb Khan quits UBG

Haseeb Khan quits UBG

Terming the United Business Group as illegitimate body since it is a non-registered body with no bank account or any office, Abdul Haseeb Khan has resigned from the UBG. He said that he had made continuous efforts to get it registered and to work like a "
Published 17 Aug, 2016 12:00am
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