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Oct 11, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-09-07
TSX falls

TSX falls

Canada's main stock index dipped on Tuesday as losses for the financial and industrial groups offset gains for mining stocks, while news of an acquisition boosted shares of the country's largest pipeline company. Enbridge Inc gained 3.7 percent to C$55.23
Published 07 Sep, 2016 12:00am
Australian shares lower; New Zealand slightly higher

Australian shares lower; New Zealand slightly higher

Australian shares closed lower on Tuesday after the nation's central bank held rates steady as expected, with financials leading losses due to persistent concerns over slowing earnings growth. The S&P/ASX 200 index was down 0.3 percent, or 16 points, at 5
Published 07 Sep, 2016 12:00am
FTSE weakens, hit by fall in banks

FTSE weakens, hit by fall in banks

Britain's top share index lost ground on Tuesday, as a drop in Asian-focused bank Standard Chartered and Provident Financial weighed on the market. The bluechip FTSE 100 index closed down 0.8 percent, with banks making up four of the top five fallers. The
Published 07 Sep, 2016 12:00am
China's yuan Weakens
Currency

China's yuan Weakens

China's yuan weakened on Tuesday as speculation that US interest rates will rise by the year end fuelled dollar buying despite the central bank setting a stronger mid-point for the Chinese currency. The yuan firmed slightly in early trade as investors too
Published 07 Sep, 2016 12:00am
Yen bounces back in Asia
Currency

Yen bounces back in Asia

The yen kept some distance from a one-month low against the dollar on Tuesday after Bank of Japan Governor Haruhiko Kuroda held back from signalling further easing, acknowledging instead the costs of the BoJ's aggressive stimulus. The Australian dollar ro
Published 07 Sep, 2016 12:00am
Aussie gains in Europe as RBA keeps quiet on currency strength
Currency

Aussie gains in Europe as RBA keeps quiet on currency strength

Australia's dollar was the biggest gainer among major currencies as US and European traders returned from summer holidays on Tuesday, jumping almost 1 percent after the central bank said little on its 10 percent rise since January. The dollar, euro and ye
Published 07 Sep, 2016 12:00am
Egypt's pound stable
Currency

Egypt's pound stable

Egypt's central bank held the pound steady against the dollar at its regular foreign currency sale on Tuesday as the currency remained stable on the black market. The bank sold $118.1 million at an unchanged rate of 8.78 per dollar. Egypt is facing an acu
Published 07 Sep, 2016 12:00am
Sri Lankan rupee up
Currency

Sri Lankan rupee up

The Sri Lankan rupee ended higher on Tuesday as dollar selling by exporters and banks on behalf of foreign investors to buy government securities helped the currency amid a lack of demand from importers for the greenback, dealers said. The spot rupee ende
Published 07 Sep, 2016 12:00am
Profit-taking weighs on Asia FX
Currency

Profit-taking weighs on Asia FX

Most emerging Asian currencies eased on Tuesday as investors booked profits from gains in the previous session with the US Federal Reserve seen raising interest rates later this year. Thailand's baht extended losses to hit a near one-month low on bond out
Published 07 Sep, 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 07 Sep, 2016 12:00am
Sterling surges above $1.34 for first time since mid-July
Currency

Sterling surges above $1.34 for first time since mid-July

Sterling surged by 1 percent on Tuesday to trade above $1.34 for the first time since mid-July, after US data disappointed and the view spread that Britain will - for now - manage to dodge a much-feared recession following its vote to leave the EU. A run
Published 07 Sep, 2016 12:00am
Aussie perky on upbeat data, RBA stays pat

Aussie perky on upbeat data, RBA stays pat

The Australian dollar was bouyant for a fifth straight day on Tuesday after data showed robust government spending bolstered economic growth last quarter while the country's current account deficit also came in well below expectations. The Australian doll
Published 07 Sep, 2016 12:00am
Jordan to tour Bangladesh amid security concerns

Jordan to tour Bangladesh amid security concerns

Chris Jordan has followed Moeen Ali in declaring he will be available for England's tour of Bangladesh, saying Tuesday he was happy with assurances there would be "more than enough" security in place. The tour was called into question after an attack on a
Published 07 Sep, 2016 12:00am
Pietersen warns Morgan against Bangladesh no-show

Pietersen warns Morgan against Bangladesh no-show

Former England captain Kevin Pietersen has told current limited-overs skipper Eoin Morgan he will be putting his international future in jeopardy if he opts out of the upcoming tour of Bangladesh. The future of the tour was in the balance after an attack
Published 07 Sep, 2016 12:00am
Twenty20 today: Sarfraz grateful for Misbah inspiration

Twenty20 today: Sarfraz grateful for Misbah inspiration

Sarfraz Ahmed hopes to put the lessons he has learnt from playing under the "inspirational" Misbah-ul-Haq to good use when he leads Pakistan in their Twenty20 international against England at Old Trafford on Wednesday. The match will be the wicket-keeper/
Published 07 Sep, 2016 12:00am
Kerber into second US Open semi-final

Kerber into second US Open semi-final

Angelique Kerber reached her second US Open semi-final on Tuesday with a 7-5, 6-0 victory over 2015 runner-up Roberta Vinci which also edged her closer to the world number one spot. The German second seed showed remarkable powers of resilience to retrieve
Published 07 Sep, 2016 12:00am
Murray, Del Potro move into quarter-finals

Murray, Del Potro move into quarter-finals

Second seed and 2012 champion Andy Murray crushed Bulgaria's Grigor Dimitrov 6-1, 6-2, 6-2 to reach a sixth US Open quarter-final Monday, clocking up a personal fast serve record in the process. The 29-year-old reigning Wimbledon and Olympic champion stor
Published 07 Sep, 2016 12:00am
FIFA opens proceedings against Qatar official

FIFA opens proceedings against Qatar official

World football governing body FIFA confirmed on Tuesday that its adjudicatory chamber has begun proceedings against Qatar Football Association vice president Saoud al-Mohannadi. FIFA's ethics commission's has recommended a two-and-a-half-year ban against
Published 07 Sep, 2016 12:00am
Serena sails into last eight as teen topples Radwanska

Serena sails into last eight as teen topples Radwanska

Serena Williams broke through another barrier on Monday, her 308th Grand Slam match win taking her past Roger Federer for the most in major tournaments and into the quarter-finals of the US Open. "Wow, it's really exciting," Williams said of moving out of
Published 07 Sep, 2016 12:00am
Highest Twenty20 totals

Highest Twenty20 totals

Highest team totals in a Twenty20 international after Australia made a world record 263 for three against Sri Lanka in Pallekele on Tuesday (score, overs, team, opposition, venue, year):

Published 07 Sep, 2016 12:00am
Maxwell fires Australia to victory after setting world record

Maxwell fires Australia to victory after setting world record

Opener Glenn Maxwell's blistering century in Australia's world record 263 powered the visitors to a comprehensive 85-run win over Sri Lanka in the first Twenty20 international in Pallekele on Tuesday. Australia, who broke Sri Lanka's nine-year record of 2
Published 07 Sep, 2016 12:00am
Frenchwoman who received first face transplant dies

Frenchwoman who received first face transplant dies

The world's first face transplant recipient, Frenchwoman Isabelle Dinoire, died in April "after a long illness", a French hospital said Tuesday. In 2005, at the age of 38, Dinoire received a graft comprising the nose, lips and chin of a brain-dead donor t
Published 07 Sep, 2016 12:00am
Britain jails radical cleric Choudary for IS support

Britain jails radical cleric Choudary for IS support

Radical cleric Anjem Choudary, long a thorn in the side of British authorities, was jailed in London Tuesday for five-and-a-half years after being convicted of encouraging support for Islamic State (IS) jihadists. Supporters of the 49-year-old and his co-
Published 07 Sep, 2016 12:00am
Philippines scrambles to soothe tensions after Obama slur

Philippines scrambles to soothe tensions after Obama slur

New Philippines President Rodrigo Duterte sought to defuse a row with the United States on Tuesday, voicing regret for calling President Barack Obama a "son of a bitch", a comment that prompted Washington to call off a bilateral meeting. The tiff between
Published 07 Sep, 2016 12:00am
South Korea hosts arms show after North Korea missile tests

South Korea hosts arms show after North Korea missile tests

South Korea put its latest high-tech weaponry on show Tuesday as tensions rise in the region following Pyongyang's test-firing of three missiles this week. North Korea fired the mid-range missiles on Monday, triggering condemnation from the US and Japan w
Published 07 Sep, 2016 12:00am
US conservative icon Phyllis Schlafly dies

US conservative icon Phyllis Schlafly dies

Phyllis Schlafly, the US conservative icon and grass-roots activist for traditional family roles who led the successful campaign against the Equal Rights Amendment, died on Monday. She was 92. "Today, Phyllis Schlafly passed away in the presence of her fa
Published 07 Sep, 2016 12:00am
British MP resigns

British MP resigns

A senior British lawmaker resigned from his position as head of an influential parliamentary committee on Tuesday after becoming embroiled in a scandal involving drugs and male prostitutes. Keith Vaz from the opposition Labour Party, a married father of t
Published 07 Sep, 2016 12:00am
Two Nobel judges dismissed over medical ethics scandal

Two Nobel judges dismissed over medical ethics scandal

Two members of the assembly that awards the Nobel prize for medicine are to quit for failing to heed warnings about a major ethics scandal, the panel said Tuesday. The secretary of the Nobel Assembly, Thomas Perlmann, said Harriet Wallberg and Anders Hams
Published 07 Sep, 2016 12:00am
Fox settles sex harassment suit, apologises

Fox settles sex harassment suit, apologises

Fox News said Tuesday it settled a sexual harassment lawsuit by former news host Gretchen Carlson against cable channel boss Roger Ailes for a reported $20 million, and apologised for her treatment on the job. A statement offered no details on the settlem
Published 07 Sep, 2016 12:00am
British Airways passengers stranded

British Airways passengers stranded

British Airways warned Tuesday that customers could face further delays after a computer glitch in its global check-in system held up some flights, particularly in the United States, for hours. "Our IT team are working hard to fix this issue," BA wrote on
Published 07 Sep, 2016 12:00am
First UN food aid in two years reaches over 30,000 Iraqis

First UN food aid in two years reaches over 30,000 Iraqis

The UN said Tuesday it has delivered food supplies to more than 30,000 residents of Qayyarah for the first time in two years after Iraqi forces expelled jihadists from the northern town. Government forces on August 25 pushed the Islamic State group out of
Published 07 Sep, 2016 12:00am
Khattak formally launches plantation campaign

Khattak formally launches plantation campaign

Chief Minister Khyber Pakhtunkhwa Pervez Khattak here Tuesday planted a Chinar plant in the lawn of Chief Minister House to formally mark tree plantation campaign in the province. Special Assistant to Chief Minister on Environment, Ishtiaq Urmar, Secretar
Published 07 Sep, 2016 12:00am
82 percent water samples found contaminated, Senate told

82 percent water samples found contaminated, Senate told

The Senate was told on Tuesday that from 69 percent to 82 percent water samples were found contaminated or unsafe for human consumption through a survey of 2807 villages of 24 districts across Pakistan, conducted by Pakistan Council of Research and Water
Published 07 Sep, 2016 12:00am
Tax fraud: DG I&I IR conducts raid on two leading malls

Tax fraud: DG I&I IR conducts raid on two leading malls

The Directorate of Intelligence and Investigation Inland Revenue (IR) Islamabad has conducted a raid on two leading malls and clothes retailer in Rawalpindi for allegedly committing tax fraud. It is learnt that the expert team of the directorate while ana
Published 07 Sep, 2016 12:00am
Japan hands over modern airport equipments for security measures

Japan hands over modern airport equipments for security measures

Government of Japan has provided Airport Security Equipment worth 1.94 billion Japanese Yen, equivalent to around Rs 2 billion or US $20 million for three major international airports at Islamabad, Lahore and Karachi for enhancing security measures at the
Published 07 Sep, 2016 12:00am
Government faces embarrassment in NA for lack of quorum

Government faces embarrassment in NA for lack of quorum

The ruling party in the National Assembly on Tuesday faced embarrassment on its failure to get a resolution, meant for paying tribute to martyrs of 1965 war, passed due to lack of quorum. PPP MNA Abdul Sattar Bachani pointed out the quorum when Jamaat-e-I
Published 07 Sep, 2016 12:00am
Maple Leaf Cement Factory Limited

Maple Leaf Cement Factory Limited

Part of Kohinoor Maple Leaf Group (KMLG), Maple Leaf Cement Company (MLCF) is a subsidiary of Kohinoor Textile Mills Limited (KTML) both of which are listed on the stock exchanges. The history of the company dates back to 1956 when it was established by t
Published 07 Sep, 2016 12:00am
Maple Leaf Cement Factory Limited

Maple Leaf Cement Factory Limited

Part of Kohinoor Maple Leaf Group (KMLG), Maple Leaf Cement Company (MLCF) is a subsidiary of Kohinoor Textile Mills Limited (KTML) both of which are listed on the stock exchanges. The history of the company dates back to 1956 when it was established by t
Published 07 Sep, 2016 12:00am
Lyari River continues pouring out bodies

Lyari River continues pouring out bodies

Two more bodies were recovered from Lyari River on Tuesday pushing the total number of bodies found thus far from it to eight months of which only one body has been identified as Obaid Pathan who was affiliated with Lyari gangwar. Rescue sources further i
Published 07 Sep, 2016 12:00am
Byco earns Rs 1.4 billion profit after tax in fiscal year 2016

Byco earns Rs 1.4 billion profit after tax in fiscal year 2016

Byco Petroleum Pakistan Limited declared profit after tax of Rs 1.4 billion for the year which ended in June this year. The company showed significant improvement which came primarily on the back of better inventory management and increased sales volume.
Published 07 Sep, 2016 12:00am
Byco earns Rs 1.4 billion profit after tax in fiscal year 2016

Byco earns Rs 1.4 billion profit after tax in fiscal year 2016

Byco Petroleum Pakistan Limited declared profit after tax of Rs 1.4 billion for the year which ended in June this year. The company showed significant improvement which came primarily on the back of better inventory management and increased sales volume.
Published 07 Sep, 2016 12:00am
Eid holidays in PSX

Eid holidays in PSX

Pakistan Stock Exchange would remain closed for three days from September 12 to 14 on account of Eid-ul-Azha holidays. "The Exchange shall reopen from Thursday," said a PSX statement Tuesday.
Published 07 Sep, 2016 12:00am
Sindh University vice chancellor condoles deaths

Sindh University vice chancellor condoles deaths

Professor Dr Muhammad Siddique Kalhoro, Vice-Chancellor, University of Sindh, Jamshoro has expressed deep sense of sorrow on the sad and sudden demise of Professor Dr Maroof Khushik, Ex-Chairman, Department of Physics and that of Dr Abdul Wahab, Former Vi
Published 07 Sep, 2016 12:00am
Eid holiday: SBP makes arrangements for hassle-free banking services

Eid holiday: SBP makes arrangements for hassle-free banking services

On the occasion of Eid-ul-Azha, the State Bank of Pakistan (SBP) has made special arrangements to facilitate general public for their banking-related needs. These measures are aimed at providing hassle-free services to masses during Eid holidays.
Published 07 Sep, 2016 12:00am
Packages, IFC agree Rs 5.3 billion redemption deal

Packages, IFC agree Rs 5.3 billion redemption deal

Packages Limited and International Finance Corporation (IFC) have agreed the redemption of 8.0 million preference shares at more than Rs 5.3 billion, according to a stock filing. Preference shares, also called preferred stock, happen to be an equity stock
Published 07 Sep, 2016 12:00am
PBIF demands construction of new dams promptly

PBIF demands construction of new dams promptly

President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain proposed that small dams should be preferably built in those areas in Sindh and Balochistan that were facing drought that caused deleterious effects on lives of masses, li
Published 07 Sep, 2016 12:00am
Rs 45 billion allocated for development of Karachi: Murad

Rs 45 billion allocated for development of Karachi: Murad

Sindh Chief Minister Syed Murad Ali Shah has said that development of major cities and proper planned socio-economic uplift of secondary cities would make difference, otherwise filling the gaps would turn to be cosmetic arrangement.
Published 07 Sep, 2016 12:00am
10th Pakistan Microfinance Forum on October 4

10th Pakistan Microfinance Forum on October 4

The 10th Pakistan Microfinance Forum 2016 organized by SHAMROCK Conferences International will be held on October 4, 2016 in Karachi. The theme of this year's milestone conference is "Transform Lives. Innovate for the Poor". A special feature of the 10th
Published 07 Sep, 2016 12:00am
PPL reviewing up to Rs four billion impairment in MND assets

PPL reviewing up to Rs four billion impairment in MND assets

Pakistan Petroleum Limited (PPL) may make impairment of up to Rs 4 billion in the assets of MND Exploration and Production Limited (MND), said company secretary Shahana Ahmed Ali on Tuesday. PPL had acquired MND, then having non-operated exploration and p
Published 07 Sep, 2016 12:00am
LCCI lauds Punjab government's Safe City Project

LCCI lauds Punjab government's Safe City Project

The Lahore Chamber of Commerce and Industry (LCCI) has lauded the Punjab government's Safe City Project to beef up security arrangements at international level in the province. Chief Traffic Officer (CTO) Lahore Tayyab Hafeez Cheema had a meeting with the
Published 07 Sep, 2016 12:00am
August 2016: 'Cement industry continues to show healthy performance'

August 2016: 'Cement industry continues to show healthy performance'

Cement industry continued to show healthy performance during August 2016 as it despatches stood at 3.585 million tons, 16.75 per cent higher, than the despatches of 3.071 million tons recorded during the same month of the last financial year. According to
Published 07 Sep, 2016 12:00am
Energy cost for textile mills in Punjab soars to Rs 10
Cotton

Energy cost for textile mills in Punjab soars to Rs 10

The energy cost per unit for the textile mills in Punjab has crossed Rs 10 from earlier Rs 8 with a sudden rise in the Brent crude oil-linked price of Regasified Liquid Natural Gas (RLNG) in Pakistan. As many as 100 textile mills are at the verge of closu
Published 07 Sep, 2016 12:00am
Advanced weapons: self-reliance in production attained: Rajwana

Advanced weapons: self-reliance in production attained: Rajwana

Punjab Governor Malik Muhammad Rafique Rajwana has said that Defence Day is a day to remember the bravery, steadfastness and sacrifices of the martyrs in September 1965 war. He was addressing at inaugural ceremony of an exhibition on the occasion of Defen
Published 07 Sep, 2016 12:00am
Upgrading cottage industry: Smeda invites proposals

Upgrading cottage industry: Smeda invites proposals

The Small and Medium Enterprises Development Authority (SMEDA) has invited proposals from women chambers, associations and other stakeholders to strengthen the women entrepreneurs and upgrade the cottage industry.
Published 07 Sep, 2016 12:00am
PM's Health Insurance Scheme to be launched in Punjab anytime soon

PM's Health Insurance Scheme to be launched in Punjab anytime soon

The Punjab government has finalised all arrangements to launch the Prime Minister's National Health Insurance Programme to provide best possible treatment at government's expense to the poor in the province by the end of this month. The Punjab government
Published 07 Sep, 2016 12:00am
Decline in textile exports a matter of concern: FCCI chief

Decline in textile exports a matter of concern: FCCI chief

Knowle-dge-based textile sector has become imperative to maintain the inherent edge of our textile sector in international markets, said Chaudhry Muhammad Nawaz President Faisalabad Chamber of Commerce and Industry (FCCI). Talking to the students, during
Published 07 Sep, 2016 12:00am
Acts of sacrifice bear testimony to commitment: Corps Cmd Lahore

Acts of sacrifice bear testimony to commitment: Corps Cmd Lahore

Commander Lahore Corps, Lieutenant General Sadiq Ali has said that the acts of sacrifice, courage and dedication to duty demonstrated by the officers and men of Pak Army bear testimony to commitment and glorious resolve of Pakistan Armed forces for the de
Published 07 Sep, 2016 12:00am
FPMA-Punjab increases flour price

FPMA-Punjab increases flour price

Pakistan Flour Mills Association (PFMA-Punjab) has increased the 20 kilograms flour bag price by Rs 20 after which it will be available at Rs 720 per bag instead of Rs 700 to the consumers. The Association cited hike in wheat prices in the open market as
Published 07 Sep, 2016 12:00am
Fata reform process to complete soon: KP Governor

Fata reform process to complete soon: KP Governor

The Governor Khyber Pakhtunkhwa, Iqbal Zafar Jhagra has said that FATA Reform Process will be completed soon in accordance with the aspirations and expectations of the people of the region. Similarly, he added, the TDPs will also be settled in their nativ
Published 07 Sep, 2016 12:00am
KP government, Sri Lanka discuss free trade zones

KP government, Sri Lanka discuss free trade zones

A meeting of Sri Lankan Government officials and Chairman, Khyber Pakhtunkhwa Economic Zones Development & Management Company (KPEZDMC) was held in Sri Lanka to discuss the bilateral trade and economic strengthening projects of both countries.
Published 07 Sep, 2016 12:00am
Khattak supports Fata-KP merger

Khattak supports Fata-KP merger

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has said he supports the merger of FATA into Khyber Pakhtunkhwa province and the extension of in vogue regulations there. The FATA reforms, he added, should reflect the aspirations of the tribesmen, adding
Published 07 Sep, 2016 12:00am
Crude oil theft: FIA asked to probe MOL Pakistan officials

Crude oil theft: FIA asked to probe MOL Pakistan officials

Sub-Committee of the Public Accounts Committee (PAC) on Tuesday directed the officials of Federal Investigation Agency (FIA) to probe the reportedly involvement of some officials of Oil and Gas company MOL Pakistan in the crude oil theft in district Karak
Published 07 Sep, 2016 12:00am
Three security personnel killed in Mastung

Three security personnel killed in Mastung

Three security personnel including father and son were killed in separate target killing incidents in different areas here on Tuesday. According to security forces, a sub inspector Abdullah and his son constable Gul Hassan were going to their house from p
Published 07 Sep, 2016 12:00am
FIA arrests 7 outlaws

FIA arrests 7 outlaws

In the ongoing crackdown against outlaws, Federal Investigation Agency (FIA) has claimed to have arrested seven persons including alleged human smugglers, proclaimed offenders and accused involved in illegal business of Hawala and Hundi.
Published 07 Sep, 2016 12:00am
Mobile phone services partially suspended for second consecutive day

Mobile phone services partially suspended for second consecutive day

Mobile phone services were partially suspended in twin cities of Islamabad and Rawalpindi for the second consecutive day on Tuesday to avoid untoward situations on the occasion of Defence Day celebrations and ceremonies. Official sources at Pakistan Telec
Published 07 Sep, 2016 12:00am
US will continue to support Pakistan in counter-terrorism efforts

US will continue to support Pakistan in counter-terrorism efforts

US government documents have come to light which reveal the United States' intent to continue collaboration with Pakistan on countering terrorism through 2017. "The United States has a deep interest in a stable, democratic and prosperous Pakistan, as well
Published 07 Sep, 2016 12:00am
Ministry directs Ogra to regulate LPG prices

Ministry directs Ogra to regulate LPG prices

The Ministry of Petroleum and Natural Resources as per policy directives has asked the Oil and Gas Regulatory Authority (Ogra) to regulate the Liquefied Petroleum Gas (LPG) prices.
Published 07 Sep, 2016 12:00am
Easypaisa Car Insurance introduced

Easypaisa Car Insurance introduced

Consistently bringing innovation in Pakistan's financial services framework, Easypaisa, in collaboration with United Insurance Company, is proud to introduce the industry's first 'Easypaisa Car Insurance', offering the most affordable and accessible set o
Published 07 Sep, 2016 12:00am
Export of readymade garments declines in July

Export of readymade garments declines in July

The export of Pakistan's readymade garments witnessed a decline during the first month (July) of the new fiscal year 2016-17, official figures suggest. The garments' export amounting to $179.513 million posted a $0.054 million decline in July 2016-17 that
Published 07 Sep, 2016 12:00am
Demo staged over non-payment of salaries

Demo staged over non-payment of salaries

Dozens of staff of the Chief Minister Sindh's Hepatitis Control Program staged a demonstration here on Tuesday calling for the payment of the employees' salaries. Led by Irfan Ali, Ishfaq Ahmed and others, the staff staged a sit-in outside the office of t
Published 07 Sep, 2016 12:00am
ABAD seeks clear instructions about valuation of property

ABAD seeks clear instructions about valuation of property

Absence of clear instructions regarding valuation of property has caused falling property registration into abeyance. Expressing concern over non-issuance of clear instructions regarding valuation of property, Arif Jewa, acting chairman Association of Bui
Published 07 Sep, 2016 12:00am
Police to be trained on modern lines: Zehri

Police to be trained on modern lines: Zehri

Chief Minister Balochistan, Nawab Sanaullah Khan Zehri Tuesday said timid enemies could not deter him from hoisting Pakistan's National Flag. He said Balochistan Police would be trained and equipped on modern lines in line with the vision of Prime Ministe
Published 07 Sep, 2016 12:00am
SU commemorates Defence Day with zeal and passion

SU commemorates Defence Day with zeal and passion

Bureau of STAGS, University of Sindh Jamshoro organized a remarkable function to commemorate the glorious martyrdom and indelible sacrifices of Armed Forces of Pakistan rendered by them on the eve of unjustifiable aggression to Pakistan by India. Professo
Published 07 Sep, 2016 12:00am
Afghan refugees leave over tougher measures on visits home

Afghan refugees leave over tougher measures on visits home

More than five times the number of Afghan refugees returned home from Pakistan in August than in July, the United Nations' refugee office said on Tuesday, seeking to escape harassment in the host nation and stiffer measures on visits home. Pakistan is hom
Published 07 Sep, 2016 12:00am
DFID praises public-private partnership education model

DFID praises public-private partnership education model

The donor British Department for International Development has praised the Punjab Education Foundation as an internationally famous model of public private partnership in Punjab's education sector. A six-member DIFD delegation led by senior Education Advi
Published 07 Sep, 2016 12:00am
PDWP approves schemes worth Rs 4905.81 million

PDWP approves schemes worth Rs 4905.81 million

The Punjab Provincial Development Working Party approved development schemes of various sectors with an estimated cost of Rs 4905.81 million. The schemes were approved in the 14th meeting of Provincial Development Working Party (PDWP) of current fiscal ye
Published 07 Sep, 2016 12:00am
SECP drafting Shariah regulatory framework: Hijazi

SECP drafting Shariah regulatory framework: Hijazi

The Securities Exchange Commission of Pakistan (SECP) is in the process of drafting a Shariah regulatory framework and for the first time provision of a "Shariah compliant company" has been given in the draft Companies Bill, 2016. Addressing at the second
Published 07 Sep, 2016 12:00am
SHC declares ban on 'Maalik' null and void

SHC declares ban on 'Maalik' null and void

The Sindh High Court (SHC) on Tuesday declared ban on Urdu feature film 'Maalik' null and void. The movie is likely to be released soon across Pakistan. Director Asher Azeem's 'Maalik' was banned in April current year by the federal Ministry of Informatio
Published 07 Sep, 2016 12:00am
LUMHS VC inaugurates 'skills laboratory'

LUMHS VC inaugurates 'skills laboratory'

The Vice Chancellor LUMHS Professor Noshad A Shaikh inaugurated a Skills Laboratory at Gynecology Unit 1, Liaquat University Hospital Hyderabad on Tuesday. The Laboratory has been established by "Maternal and Child Health Integrated Program" (MCHIP) in co
Published 07 Sep, 2016 12:00am
Alarming situation of education in Pakistan

Alarming situation of education in Pakistan

Pakistan is 50+ years behind in its primary and 60+ years behind in its secondary education targets, according to the UN Global Education Monitoring Report, 2016. The world is set to miss by more than half a century a deadline for ensuring all children re
Published 07 Sep, 2016 12:00am
Mayor Sheikh Anser made CDA Chairman

Mayor Sheikh Anser made CDA Chairman

The federal government on Tuesday handed rein of Capital Development Authority (CDA) to newly elected Mayor of the Federal Capital. Sources said that federal government appointed Mayor Sehikh Anser Aziz as Chairman CDA aiming at putting an end to ongoing
Published 07 Sep, 2016 12:00am
Soaring prices: 'Collective sacrifice' is now the preferred option

Soaring prices: 'Collective sacrifice' is now the preferred option

Majority of people are inclined to opt for the collective sacrifice on Eidul Azha owing to soaring prices of sacrificial animals at cattle market. With Eidul Azha just a week away, the purchasing of the sacrificial animals by the buyers has yet to gain mo
Published 07 Sep, 2016 12:00am
Pakistan made efforts for peace in Afghanistan: Janjua

Pakistan made efforts for peace in Afghanistan: Janjua

British Prime Minister's Special Representative for Afghanistan and Pakistan Owen Jenkins called on National Security Advisor Lieutenant General Nasser Khan Janjua (R) here on Tuesday and discussed matters of mutual interest. The National Security Advisor
Published 07 Sep, 2016 12:00am
KE team briefs Dar about Chinese company's investment

KE team briefs Dar about Chinese company's investment

A delegation of K-Electric led by Head of Abraaj Asia, Omar Lodhi called on the Federal Minister for Finance, Senator Mohammad Ishaq Dar here on Tuesday. Minister for Water and Power Khawaja Asif and Minister for Petroleum and Natural Resources, Shahid Kh
Published 07 Sep, 2016 12:00am
Smeda, Unido hold sensitisation workshop on SPX

Smeda, Unido hold sensitisation workshop on SPX

Small and Medium Enterprises Development Authority (Smeda) in collaboration with United Nations Industrial Organisation (Unido) on Tuesday organised a sensitisation workshop on SPX programme here in Regional Office of the Smeda, Khyber Pakhtunkhwa. 15 SME
Published 07 Sep, 2016 12:00am
Karachi mayor Waseem Akhtar requests SHC to allow his bail plea

Karachi mayor Waseem Akhtar requests SHC to allow his bail plea

Karachi Mayor Waseem Akhtar on Tuesday filed a request in the Sindh High Court demanding that his bail plea be accepted. In the request directed to Chief Justice Sindh High Court Sajjad Ali Shah he said that he has been imprisoned in jail since July 19. H
Published 07 Sep, 2016 12:00am
French President to inaugurate Pakistani Pharmaceutical Plant in France

French President to inaugurate Pakistani Pharmaceutical Plant in France

French President François Hollande has said that his Government supported the development of leading Pakistani Pharmaceutical firm Martin Dow in Corrèze. He would attend the inauguration of the Meymac plant along with senior Pakistani government officials
Published 07 Sep, 2016 12:00am
Prime Minister for boosting trade with Senegal in various sectors

Prime Minister for boosting trade with Senegal in various sectors

Prime Minister, Muhammad Nawaz Sharif Tuesday called for boosting bilateral trade with Senegal by enhanced collaboration in textiles, agricultural machinery and pharmaceutical sectors. Following a round of exclusive and delegation level talks with the Pre
Published 07 Sep, 2016 12:00am
KP's net hydel profit issue: Senate body to examine recommendations

KP's net hydel profit issue: Senate body to examine recommendations

The Senate Special Committee constituted to review 24 demands of Government of Khyber Pakhtunkhawa will examine the recommendations submitted by the Ministry of Petroleum, Federal Board of Revenue (FBR) and Ministry of Railways and will give its final rep
Published 07 Sep, 2016 12:00am
SECP initiated 45 show-cause proceedings last month

SECP initiated 45 show-cause proceedings last month

The Securities and Exchange Commission of Pakistan (SECP) initiated 45 fresh show-cause proceedings against the erring management and companies' auditors for various violations of the Companies Ordinance, 1984, during the month of August.
Published 07 Sep, 2016 12:00am
DSP, HC suspended

DSP, HC suspended

Inspector General of Police (IGP) Khyber Pakhtunkhwa Nasir Khan Durrani on charges of close contacts with criminals gang has suspended one DSP and one Head Constable of CTD Lakki with immediate effect and further ordered departmental enquiry against them.
Published 07 Sep, 2016 12:00am
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