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Oct 10, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-08-23
Monday's midday trade: Wall Street claws back losses as healthcare rises

Monday's midday trade: Wall Street claws back losses as healthcare rises

Wall Street recovered earlier losses on Monday as gains in healthcare stocks offset a slide in the energy sector. Pfizer's $14 billion acquisition of cancer drug maker Medivation propped up biotech stocks. Medivation's shares jumped nearly 20 percent, giv
Published 23 Aug, 2016 12:00am
Hong Kong shares up

Hong Kong shares up

Hong Kong's benchmark stock index reversed earlier losses and closed slightly higher on Monday, but gains were capped by concerns about the weaker yuan and uncertainty over when the US central bank will raise interest rates again. The yuan weakened on Mon
Published 23 Aug, 2016 12:00am
Most Southeast Asian markets little changed

Most Southeast Asian markets little changed

Most Southeast Asian stock markets closed little changed on Monday after comments from Fed officials prompted more bets on a US rate hike by the end of this year, while investors trod carefully ahead of a meeting of central bankers in Jackson Hole, Wyomin
Published 23 Aug, 2016 12:00am
Sri Lankan shares slip

Sri Lankan shares slip

Sri Lankan shares closed slightly weaker on Monday after posting a three-month closing high in the previous session as investors booked profit in beverage and telecom stocks. The benchmark Colombo stock index ended 0.12 percent, or 7.65 points, weaker at
Published 23 Aug, 2016 12:00am
China stocks fall most in three weeks

China stocks fall most in three weeks

China stocks closed lower on Monday as some investors took profits on infrastructure and transportation shares, leaving the bluechip CSI 300 index with its worst loss in three weeks. The CSI300 index, which tracks the largest listed companies trading in S
Published 23 Aug, 2016 12:00am
Indian shares fall
Cotton

Indian shares fall

Indian shares fell on Monday as state-owned lenders retreated after Urjit Patel was named as the next central bank governor, which was seen as reducing the prospect of rate cuts in the near term and as continuing a push to aggressively clean up bad debt.
Published 23 Aug, 2016 12:00am
European shares edge up helped by Syngenta
Currency

European shares edge up helped by Syngenta

European stocks rose on Monday after falling the week before, as Swiss chemical company Syngenta gained after US regulators cleared a take-over bid for the company by ChemChina. Syngenta rose up 10.6 percent, the top STOXX Europe 600 riser, after the Comm
Published 23 Aug, 2016 12:00am
Latam stocks down

Latam stocks down

Latin American stocks and currencies fell on Monday as crude prices dropped nearly 3 percent and comments from a senior US Federal Reserve policymaker boosted bets on an imminent interest rate increase. Currencies from oil exporters, such as the Colombian
Published 23 Aug, 2016 12:00am
Australian shares edge up

Australian shares edge up

Australian shares edged higher on Monday as investors digested a mixed bag of earnings results and the possibility of a United States rate hike before long, while New Zealand stocks continued their ascent to record highs. Companies in Australia were showi
Published 23 Aug, 2016 12:00am
Weaker commodity-related stocks push FTSE to two-week low

Weaker commodity-related stocks push FTSE to two-week low

Britain's top share index slipped to its lowest level in nearly two weeks on Monday, with commodity-related stocks leading the market lower following a drop in metals and crude oil prices. The commodity-heavy FTSE 100 ended 0.4 percent weaker at 6,828.54
Published 23 Aug, 2016 12:00am
Canadian dollar weakens to one-week low
Currency

Canadian dollar weakens to one-week low

The Canadian dollar weakened to a one-week low against its US counterpart on Monday as comments by a Federal Reserve official supported the greenback and oil prices fell, offsetting stronger-than expected domestic data. Canadian wholesale trade increased
Published 23 Aug, 2016 12:00am
Dollar extends bounce against yen, euro in Asia
Currency

Dollar extends bounce against yen, euro in Asia

The dollar extended gains against the yen and euro on Monday as US Federal Reserve policymakers took an upbeat tone on the economy and expressed support for a near-term US interest rate hike. Expectations that the Bank of Japan would not rule out a deeper
Published 23 Aug, 2016 12:00am
Early trade in New York: Dollar rises against basket of currencies

Early trade in New York: Dollar rises against basket of currencies

The US dollar edged higher against a basket of major currencies on Monday, a day after a top Federal Reserve official made comments perceived as hawkish, while hesitation ahead of a speech from the Fed chair on Friday capped the greenback's gains. Fed Vic
Published 23 Aug, 2016 12:00am
Dollar strengthens in Europe on Fischer's upbeat comments
Currency

Dollar strengthens in Europe on Fischer's upbeat comments

The dollar rose on Monday, tracking short-dated US Treasury yields after comments from Federal Reserve Vice Chairman Stanley Fischer revived bets on a US interest rate hike by the end of this year. The two-year Treasury yield rose to a post-Brexit high of
Published 23 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 Monday. 78.40-78.40 (previous 78.40-78.40).
Published 23 Aug, 2016 12:00am
Nigeria's naira gains

Nigeria's naira gains

Nigeria's naira closed firmer on the interbank market on Monday after the central bank sold dollars to some commercial lenders towards the end of a session that featured no trades in the first four hours, traders said. The naira closed at 305.50 to the do
Published 23 Aug, 2016 12:00am
Asian currencies retreat after upbeat Fed comments
Currency

Asian currencies retreat after upbeat Fed comments

Asian currencies broadly fell against the dollar on Monday, as a series of upbeat comments by US Federal Reserve policymakers and rising US bond yields triggered further short-covering in the greenback. Asian currencies had held firm in the first half of
Published 23 Aug, 2016 12:00am
Chinese yuan weakens

Chinese yuan weakens

China's yuan weakened on Monday as the dollar strengthened globally, while an official index showed that it hit a record low against a basket of trade-weighted currencies last week. "The yuan weakened inverse to the dollar's global performance, while the
Published 23 Aug, 2016 12:00am
Sri Lankan rupee steady
Currency

Sri Lankan rupee steady

The Sri Lankan rupee ended steady for a sixth straight session on Monday as dollar sales by foreigners who bought government securities were offset by demand for the US currency from importers, dealers said. However, they said, importer greenback demand w
Published 23 Aug, 2016 12:00am
Short-covering lifts sterling
Currency

Short-covering lifts sterling

Sterling gained on Monday, after registering its strongest week in five against the dollar as a run of robust economic data suggested Britain's economy was faring better than expected following its vote to leave the European Union. With little in the way
Published 23 Aug, 2016 12:00am
Aussie, kiwi under pressure
Currency

Aussie, kiwi under pressure

The Australian and New Zealand dollars extended losses in thin liquidity on Monday after the US dollar was lifted by speculation the US Federal Reserve may raise interest rates this year after all. The Australian dollar slipped to a two-week low of $0.759
Published 23 Aug, 2016 12:00am
First coaching post for Boucher

First coaching post for Boucher

Former South Africa wicketkeeper Mark Boucher, whose career was cut short by a freak eye injury, was named coach of Pretoria-based franchise Titans on Monday. The 39-year-old succeeds New Zealand-bound Rob Walter in his first coaching appointment four yea
Published 23 Aug, 2016 12:00am
Re-laid outfield causes Durban abandonment

Re-laid outfield causes Durban abandonment

A re-laid outfield was a factor in two full days of play being lost in the first Test between South Africa and New Zealand at Kingsmead, Cricket South Africa chief executive Haroon Lorgat admitted on Monday. The fourth day was called off on Monday because
Published 23 Aug, 2016 12:00am
Rio hangover as Tokyo grabs baton

Rio hangover as Tokyo grabs baton

Rio de Janeiro returned to the cold reality of Brazil's political crisis and recession Monday after bringing a carnivalesque curtain down on its Olympics festival and passing the torch to Tokyo. After a 16-day extravaganza of sporting heroics from the lik
Published 23 Aug, 2016 12:00am
Pakistan become number one Test team

Pakistan become number one Test team

Pakistan supplanted arch rivals India to become the world's number one Test side on Monday for the first time since the International Cricket Council (ICC) introduced the rankings system in 2003. A waterlogged outfield in Trinidad forced a draw in the fou
Published 23 Aug, 2016 12:00am
Murray upset, Kerber denied No 1 ranking in Cincy

Murray upset, Kerber denied No 1 ranking in Cincy

Former US Open champ Marin Cilic snapped Andy Murray's 22 match win streak Sunday to claim his first ATP Masters 1000 title with a 6-4, 7-5 win at the Cincinnati tournament. The 94-minute victory for the 27-year-old Croatian marked a career breakthrough a
Published 23 Aug, 2016 12:00am
Twitter users mock Indian politician carried through floods

Twitter users mock Indian politician carried through floods

A senior Indian politician was widely mocked on Monday after photos showed policemen carrying him through ankle-deep muddy water while inspecting deadly floods in the country's centre. Shivraj Singh Chouhan, chief minister of Madhya Pradesh state, was sho
Published 23 Aug, 2016 12:00am
Twitter users mock Indian politician carried through floods

Twitter users mock Indian politician carried through floods

A senior Indian politician was widely mocked on Monday after photos showed policemen carrying him through ankle-deep muddy water while inspecting deadly floods in the country's centre. Shivraj Singh Chouhan, chief minister of Madhya Pradesh state, was sho
Published 23 Aug, 2016 12:00am
South Korea-US military drill shadowed by North Korea threats

South Korea-US military drill shadowed by North Korea threats

South Korea and the United States kicked off large-scale military exercises on Monday, triggering condemnation and threats of a pre-emptive nuclear strike from North Korea. The two-week annual Ulchi Freedom drill, which plays out a scenario of full-scale
Published 23 Aug, 2016 12:00am
Sarkozy announces new bid for French presidency

Sarkozy announces new bid for French presidency

Former French leader Nicolas Sarkozy launched a fresh bid Monday to win back the presidency, announcing he would seek the nomination of his centre-right party to run in next year's election. The pugnacious 61-year-old conservative, who was deeply unpopula
Published 23 Aug, 2016 12:00am
Deadly battles as Yemen army seeks to break Taez siege

Deadly battles as Yemen army seeks to break Taez siege

Deadly clashes raged on Monday between pro-Iran rebels and Yemeni government forces battling to secure an entrance to the besieged city of Taez, military sources said. Backed by a Saudi-led Arab coalition, Yemeni troops launched an offensive last week to
Published 23 Aug, 2016 12:00am
Six Filipinos dead in Saudi house fire

Six Filipinos dead in Saudi house fire

A pregnant woman, her husband and infant daughter were among six Filipinos killed in a weekend fire at their Saudi Arabian residence, the Philippines embassy said on Monday. The blaze, blamed on an electrical overload, broke out just after 6:00 am (0300 G
Published 23 Aug, 2016 12:00am
Protests as China official visits Taiwan

Protests as China official visits Taiwan

Taiwanese shouting anti-communist slogans staged protests at an airport and a school on Monday against a visit by a top Shanghai official which they see as intended to promote China's unification with Taiwan. Sha Hailin, a standing committee member of the
Published 23 Aug, 2016 12:00am
Malian jihadist says sorry for destroying Timbuktu

Malian jihadist says sorry for destroying Timbuktu

A Malian jihadist pleaded guilty Monday to attacking the fabled city of Timbuktu and begged forgiveness as the world was shown sickening videos of him and other fundamentalists tearing down centuries-old Muslim shrines with pick-axes. At the opening of hi
Published 23 Aug, 2016 12:00am
Hundreds of flights grounded as typhoon strikes near Tokyo

Hundreds of flights grounded as typhoon strikes near Tokyo

A powerful typhoon struck near Tokyo on Monday, the first in 11 years to come ashore in the densely populated region, temporarily shutting down a major city airport and grounding more than 500 flights nation-wide. Typhoon Mindulle made landfall at about 1
Published 23 Aug, 2016 12:00am
German Greens call for end to coal power in 20 years

German Greens call for end to coal power in 20 years

Germany's opposition Green party unveiled Monday a 10-point plan to end electricity generation from coal within 20 years, a key plank of its campaign heading into next year's general elections. "We aim to introduce the end of the coal era in Germany, irre
Published 23 Aug, 2016 12:00am
Voting begins in bitter Labour leader contest in UK

Voting begins in bitter Labour leader contest in UK

Voting starts Monday to decide if veteran leftist Jeremy Corbyn will remain leader of Britain's Labour party, with an ill-tempered campaign deepening divisions that threaten the party's future. Ballots and online voting forms were being sent to party memb
Published 23 Aug, 2016 12:00am
Big three leaders insist EU not finished after Brexit

Big three leaders insist EU not finished after Brexit

The leaders of France, Germany and Italy insisted Monday that Britain's decision to quit the European Union would not kill the bloc. Speaking aboard an aircraft carrier anchored off the Italian island of Ventotene, one of the cradles of the dream of a uni
Published 23 Aug, 2016 12:00am
Former Singapore president Nathan dies

Former Singapore president Nathan dies

Former Singapore president S. R. Nathan, whose colourful career included stints as a spymaster and diplomat, died in hospital on Monday, the government said in a statement. The 92-year-old veteran public servant, who was closely associated with Singapore'
Published 23 Aug, 2016 12:00am
Libya parliament rejects UN-backed unity government

Libya parliament rejects UN-backed unity government

Libya's internationally recognised parliament on Monday voted no confidence in a UN-backed unity government, in a blow to efforts to end the country's political chaos. The Government of National Accord (GNA) led by prime minister-designate Fayez al-Sarraj
Published 23 Aug, 2016 12:00am
Taiwan starts annual live-fire drills after gaffes

Taiwan starts annual live-fire drills after gaffes

Taiwan Monday kicked off its largest annual live-fire military exercise - the first under new President Tsai Ing-wen - as the island's army struggles with its image following a series of accidents. Codenamed "Han Kuang 32" (Han Glory), the drills lasting
Published 23 Aug, 2016 12:00am
UK unveils plans to tackle Islamist extremism in prisons

UK unveils plans to tackle Islamist extremism in prisons

The UK government on Monday unveiled plans to tackle Islamist extremism in prisons, including banning offensive literature and removing inmates from worship if they promote beliefs deemed against "fundamental British values". The justice ministry said ext
Published 23 Aug, 2016 12:00am
Jordan to educate more Syrian refugee children

Jordan to educate more Syrian refugee children

Jordan has taken measures to allow more Syrian refugee children access to education, winning praise on Monday from Human Rights Watch ahead of the new academic year. The government has instructed state schools to allow Syrian children to enrol for the new
Published 23 Aug, 2016 12:00am
Hungary award for 'racist' journalist sparks anger

Hungary award for 'racist' journalist sparks anger

A Hungarian state honour given to a prominent journalist close to Prime Minister Viktor Orban but seen by his critics as "racist" has prompted several dozen recipients of the same award to return theirs in protest. The journalist Zsolt Bayer was one of se
Published 23 Aug, 2016 12:00am
Trump demands closure of Clinton Foundation

Trump demands closure of Clinton Foundation

Donald Trump on Monday demanded that Hillary Clinton shut down the charitable foundation run by her husband, former US president Bill Clinton, branding it a "corrupt enterprise." "The Clintons have spent decades as insiders lining their own pockets and ta
Published 23 Aug, 2016 12:00am
Kurds make major inroads in Syria's Hasakeh

Kurds make major inroads in Syria's Hasakeh

Kurdish fighters on Monday captured the central prison in Hasakeh after fierce clashes with Syrian regime forces and are in control of 90 percent of the northern city, a monitor said. The Syrian Observatory for Human Rights said fighting escalated after h
Published 23 Aug, 2016 12:00am
Turkey, Israel trade jibes after Gaza strikes

Turkey, Israel trade jibes after Gaza strikes

Israel and Turkey traded fierce recriminations Monday over Israeli actions in Gaza, less than 72 hours after the Ankara parliament ratified renewed ties with the Jewish state following a six-year rift. Israel on Sunday carried out dozens of air and tank s
Published 23 Aug, 2016 12:00am
Briton killed in Iraq ordnance-clearing accident

Briton killed in Iraq ordnance-clearing accident

A British national working for a US company clearing ordnance in the Iraqi city of Ramadi was killed Monday as he tried to defuse a bomb, his company and officials said. "We've just been made aware that there has been a British national killed in Ramadi,"
Published 23 Aug, 2016 12:00am
Turkey has 'no clue' on Gaziantep wedding attack perpetrator: PM

Turkey has 'no clue' on Gaziantep wedding attack perpetrator: PM

Turkey has "no clue" about who was behind the attack on a Kurdish wedding in a city close to the Syrian border that left 54 people dead, the prime minister said on Monday. "We do not have a clue about who the perpetrators behind the attack were. Early inf
Published 23 Aug, 2016 12:00am
Turkey launches artillery strikes on IS, Kurdish PYD in north Syria

Turkey launches artillery strikes on IS, Kurdish PYD in north Syria

Turkish armed forces on Monday launched artillery strikes on separate targets of Islamic State (IS) jihadists and the Democratic Union Party (PYD) Kurdish militia in northern Syria, television reports said. Turkish army howitzers stationed inside Turkey f
Published 23 Aug, 2016 12:00am
Turkey PM urges world powers to turn 'new page' on Syria

Turkey PM urges world powers to turn 'new page' on Syria

Turkish Prime Minister Binali Yildirim on Monday urged world powers including Iran, Russia and the United States to join together to rapidly open a "new page" in the Syria crisis. "It is vital that without losing more time a new page is opened in Syria, b
Published 23 Aug, 2016 12:00am
37.6 percent decrease in payments of refunds, rebate by FBR

37.6 percent decrease in payments of refunds, rebate by FBR

The Federal Board of Revenue (FBR) has paid refunds/rebate of Rs 71.883 billion during 2015-16 as compared to Rs 115.216 billion in 2014-15, reflecting a massive decrease of 37.6 percent. According to the data compiled by the FBR, 56 percent decrease has
Published 23 Aug, 2016 12:00am
Cumbersome policies hampering surgical sector's development

Cumbersome policies hampering surgical sector's development

The apathy of policy makers, failure to develop local brands and cumbersome trade policies are hampering surgical sector from operating at full potential and thereby contribute to the country's economy, said the industry stakeholders. The current world ma
Published 23 Aug, 2016 12:00am
Maroof Afzal takes charge of CADD Secretary

Maroof Afzal takes charge of CADD Secretary

Former chairman Capital Development Authority (CDA), Maroof Afzal, on Monday took the charge of Secretary Capital Administration and Development Division (CADD). Meanwhile, Shahrukh Nusrat, took the charge of chairman CDA who had previously worked as acti
Published 23 Aug, 2016 12:00am
Pakgen Power Limited

Pakgen Power Limited

Pakgen Power Limited (PKGP) was incorporated in Pakistan in 1995 with the registered head office company in Lahore. The principal activities of the power company are to own, operate and maintain an oil fired power station having gross capacity of 365 MW i
Published 23 Aug, 2016 12:00am
Pakgen Power Limited

Pakgen Power Limited

Pakgen Power Limited (PKGP) was incorporated in Pakistan in 1995 with the registered head office company in Lahore. The principal activities of the power company are to own, operate and maintain an oil fired power station having gross capacity of 365 MW i
Published 23 Aug, 2016 12:00am
Bizenjo visits PMSA HQs

Bizenjo visits PMSA HQs

Federal Minister for Ports and Shipping Mir Hasil Khan Bizenjo along with the Director General Ports and Shipping on Monday visited the Pakistan Maritime Security Agency (PMSA) headquarters here and discussed in detail registration of fishing boats and va
Published 23 Aug, 2016 12:00am
KP, Punjab, Balochistan yet to complete Madrassah reform process

KP, Punjab, Balochistan yet to complete Madrassah reform process

Unlike Sindh, provincial governments of Punjab, Balochistan and Khyber Pakhtunkhwa (KP) have yet to complete the Madrassah registration and reform process - a major component of National Action Plan (NAP) formulated to counter terrorism in the country, so
Published 23 Aug, 2016 12:00am
Hajj scheme: Parliamentarians seek details of hardship quota

Hajj scheme: Parliamentarians seek details of hardship quota

Parliamentarians on Monday said that the wholesale of hardship quota in government Hajj scheme is inappropriate and asked Ministry of Religious Affairs to inform the parliamentary body about the distribution of hardship quota during the next meeting.
Published 23 Aug, 2016 12:00am
Haqqani's passport: clarification

Haqqani's passport: clarification

Ministry of Interior on Monday contradicted media reports regarding passport issuance of former Pakistan's ambassador to the United States, Hussain Haqqani, saying concerned directorate issued the passport within required timeframe. In a statement issued
Published 23 Aug, 2016 12:00am
Source of wealth concealed: buyer of expensive house faces probe

Source of wealth concealed: buyer of expensive house faces probe

A buyer of a house worth Rs 232,119,250 in posh sector (F-6/1) Islamabad is facing investigations of Directorate General of Intelligence and Investigation Inland Revenue (IR) Islamabad for not explaining source of wealth in her declaration of wealth state
Published 23 Aug, 2016 12:00am
SECP approves Principles of Corporate Governance for NLCs

SECP approves Principles of Corporate Governance for NLCs

The Securities and Exchange Commission of Pakistan (SECP) has approved Principles of Corporate Governance for Non-listed Companies (NLCs) to make business environment trustworthy, Transparent and accountable. The principles will change the governance para
Published 23 Aug, 2016 12:00am
Department heads directed to strengthen internal audit system

Department heads directed to strengthen internal audit system

Public Accounts Committee (PAC) of Khyber Pakhtunkhwa Assembly has directed the heads of provincial departments for making the internal check and balance system of their respective departments more effective. The directives were issued during a meeting of
Published 23 Aug, 2016 12:00am
NBP signs support agreement with Karandaaz Pakistan

NBP signs support agreement with Karandaaz Pakistan

National Bank of Pakistan (NBP) and Karandaaz Pakistan signed a support agreement on Thursday, August 18th, at the Head Office of NBP in Karachi, to work towards creating a Digital Financial Ecosystem by undertaking multiple initiatives including Strategy
Published 23 Aug, 2016 12:00am
ABAD to initiate low-cost housing projects in Punjab

ABAD to initiate low-cost housing projects in Punjab

Governor Punjab has shown interest to facilitate the Association of Builders and Developers of Pakistan (ABAD) to initiate low cost housing projects in Punjab. He was speaking at a meeting organised at ABAD house here on Monday. Malik Muhammad Rafique Raj
Published 23 Aug, 2016 12:00am
Condolence

Condolence

"Sarmad Ali, President and Umer Mujib Shami, Secretary General of the All Pakistan Newspapers Society have expressed profound grief on behalf of APNS over the sad demise of Noor-us-Sabah mother of Syed Jawaid Iqbal of Corporate & Marketing Communications
Published 23 Aug, 2016 12:00am
Body of child found in Karachi

Body of child found in Karachi

Body of a four-year-old child was found from Karachi's Hussain Hazara Goth on Monday, with police calling it a mishap, but father of the deceased alleging that his son was kidnapped. Doctors at the hospital identified drowning as the cause of death, while
Published 23 Aug, 2016 12:00am
BLA: commander among three terrorists killed in Hub

BLA: commander among three terrorists killed in Hub

Security agencies gunned down a commander and two members of a banned group involved in an attack on the convoy of President Mamnoon Hussain's son and killing of labourers in Balochistan's Hub tehsil on Monday. A spokesman of Frontier Corps (FC) said that
Published 23 Aug, 2016 12:00am
Farmers advised to take steps against pest, viral attacks
Cotton

Farmers advised to take steps against pest, viral attacks

The Met Office on Monday asked the farmers to take measures against pest and viral attacks at cotton and sugarcane crops during the hot and humid monsoon conditions. It said that those farmers watering their crops from tube wells should schedule irrigatio
Published 23 Aug, 2016 12:00am
BISP extends assistance to over 5.3 million women: Marvi

BISP extends assistance to over 5.3 million women: Marvi

Chairperson, Benazir Income Support Programme (BISP), MNA Ms Marvi Memon has said that BISP extends financial assistance to over 5.3 million women and gives stipends of Rs 4,700 every three months. She said that the budget amount of BISP has been increase
Published 23 Aug, 2016 12:00am
CM vows to improve Karachi's civic infrastructure

CM vows to improve Karachi's civic infrastructure

Sindh Chief Minister Syed Murad Ali Shah has said that he was working hard to keep the city of Karachi clean, and has ordered the authorities concerned to lift garbage daily basis, repair or reconstruct roads and improve drainage system. "Being Karachiite
Published 23 Aug, 2016 12:00am
Over 70 suspects arrested in Quetta

Over 70 suspects arrested in Quetta

Security forces in their combing operations in Quetta and adjoining areas have arrested more than 70 suspected people. Spokesman of Balochistan government did not give details of the operation but said that several persons were arrested and arms and explo
Published 23 Aug, 2016 12:00am
Smart card to replace vehicles registration book

Smart card to replace vehicles registration book

Sindh Minister for Excise and Taxation Mukehs Kumar Chawala has said that smart card is being introduced to existing vehicles registration books. The card will not only be easy to carry but also convenient for Excise and Taxation Department to maintain th
Published 23 Aug, 2016 12:00am
PQFTL creates first-ever elite team

PQFTL creates first-ever elite team

Pak-Qatar Family Takaful Limited (PQFTL) has created the first-ever "Elite Team" of priority service-providers in the industry. The Priority Takaful Team is the only special task force, which is fully trained with extensive knowledge, courtesy and skills,
Published 23 Aug, 2016 12:00am
PQFTL creates first-ever elite team

PQFTL creates first-ever elite team

Pak-Qatar Family Takaful Limited (PQFTL) has created the first-ever "Elite Team" of priority service-providers in the industry. The Priority Takaful Team is the only special task force, which is fully trained with extensive knowledge, courtesy and skills,
Published 23 Aug, 2016 12:00am
Quetta tragedy: lawyers stage protest

Quetta tragedy: lawyers stage protest

More than 50,000 lawyers of Southern Punjab on Monday boycotted their court proceedings against Quetta tragedy and failure of law enforcing agencies to apprehend the culprits behind this carnage. Lawyers also held demonstrations and rallies in Multan, Bah
Published 23 Aug, 2016 12:00am
FPCCI seeks low mark-up loans for cottage industry

FPCCI seeks low mark-up loans for cottage industry

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Standing Committee on Cottage Industry has demanded of the government to provide loans on easy terms and low mark-up to the cottage industry so that the old industrial units could be rep
Published 23 Aug, 2016 12:00am
Animal, bird traders: body to help solve problems

Animal, bird traders: body to help solve problems

The Punjab Wildlife & Parks Department has constituted a 3-member committee to look in to reservations of animal and birds' traders regarding the issuance of licenses and submit a report suggesting solutions. The committee was constituted at a meeting bet
Published 23 Aug, 2016 12:00am
Country's floriculture share in global market negligible: UAF VC

Country's floriculture share in global market negligible: UAF VC

Despite a huge potential of producing good quality of flowers, the country's floriculture share in the international market is negligible. This was stated by University of Agriculture Faisalabad (UAF) Vice Chancellor Professor Dr Iqrar Ahmad Khan while pr
Published 23 Aug, 2016 12:00am
Kashmiris observe 'Black Day'

Kashmiris observe 'Black Day'

People belonging to every school of thought of Azad Jammu and Kashmir on Monday observed Black Day and held protest meetings against Indian Prime Minister Nerender Modi's statement regarding Balochistan and Gilgit-Baltistan. According to details, a protes
Published 23 Aug, 2016 12:00am
JI chief condemns fresh attack on media

JI chief condemns fresh attack on media

Chief of Jamaat e Islami, Pakistan, Senator Sirajul Haq, has strongly condemned MQM's fresh attack on the media and said this raised questions on the operation against terrorism. In a statement here, he said that Monday's incident proved that MQM's terror
Published 23 Aug, 2016 12:00am
Punjab ACE receives 1,829 complaints in July

Punjab ACE receives 1,829 complaints in July

"Punjab Anti-Corruption Establishment received 1829 complaints of corruption during last month out of which 1,391 were approved for regular inquiry and 469 referred to the concerned departments for necessary action." Director General Anti-Corruption Estab
Published 23 Aug, 2016 12:00am
Refund claims: Prime Minister to distribute cheques today

Refund claims: Prime Minister to distribute cheques today

The business community of Southern Punjab on Monday hailed the government's decision to pay refund claims to the exporters and businessmen and Prime Minister Nawaz Sharif will distribute the cheques on Tuesday (today) in a ceremony to be held at Prime Min
Published 23 Aug, 2016 12:00am
Taseer kidnapping case: ATC adjourns hearing till September 7

Taseer kidnapping case: ATC adjourns hearing till September 7

An anti-terrorism court on Monday adjourned hearing of trial of four suspects allegedly involved in kidnapping of former Punjab governor Salman Taseer's son Shahbaz Taseer to September 07 as police sought time to record statement of Shahbaz. Earlier inves
Published 23 Aug, 2016 12:00am
Speakers urge farmers to produce vegetable seeds

Speakers urge farmers to produce vegetable seeds

Speakers have called for tangible steps to pave the way for production of indigenous on-farm vegetable seeds as the country is spending a huge foreign exchange of 6 billion rupees annually on imported vegetable seeds. They were addressing at one-day semin
Published 23 Aug, 2016 12:00am
Energy crisis will be resolved by 2018, cliams minister

Energy crisis will be resolved by 2018, cliams minister

Punjab Minister for Energy Chaudhry Sher Ali Khan has said that energy crisis will be over by 2018 as Provincial as well as federal government are utilising all possible sources to meet the needs of energy by promoting Energy Mix along with completing the
Published 23 Aug, 2016 12:00am
8th death anniversary of POF victims of blasts observed

8th death anniversary of POF victims of blasts observed

8th death anniversary of POF blasts victims was observed in Wah Cantt with dignity and honour here on Monday. On August 21, 2008, 71 POF Employees embarrassed martyrdom and 196 injured in 02 suicidal attack at POF gates. This day is observed in POF every
Published 23 Aug, 2016 12:00am
President MCB Bank visits branches to greet customers for support

President MCB Bank visits branches to greet customers for support

In accordance with MCB Bank Ltd's core values of customer centricity and keeping the Bank's customers at the heart of its operations, President Imran Maqbool and the senior management team of MCB Bank Ltd visited different branches of the Bank's vast netw
Published 23 Aug, 2016 12:00am
TV anchor's issue: Pemra violated rules, observes Senate body

TV anchor's issue: Pemra violated rules, observes Senate body

The Senate Standing Committee on Information, Broadcasting and National Heritage avowed that Pakistan Electronic Media Regulatory Authority (Pemra) action against journalist Shahid Masood of ARY channel was a violation of law and code of conduct. The comm
Published 23 Aug, 2016 12:00am
Clarification

Clarification

This is with reference to the news item published in Business Recorder regarding the website of State Bank of Pakistan (SBP). While we can not object to any user's comment that our website is not user friendly, as it is a matter of personal experie
Published 23 Aug, 2016 12:00am
Fatemi briefs envoys of OIC states on HR violations in IoK

Fatemi briefs envoys of OIC states on HR violations in IoK

Tariq Fatemi, Special Assistant to the Prime Minister on Foreign Affairs, on Monday briefed ambassadors of OIC member states, based in Islamabad, on grave human rights violations in Indian occupied Kashmir (IoK). In a statement issued here, the Foreign Of
Published 23 Aug, 2016 12:00am
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