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Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-10-05
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Monday after data showed that US factories ramped up activity in September, boosting expectations of economic growth before Friday's highly anticipated jobs report. The Institute for Supply Management (ISM) said on Monday its in
Published 05 Oct, 2016 12:00am
Australian shares trade sideways; New Zealand slumps

Australian shares trade sideways; New Zealand slumps

Australian shares pared some of their early losses to close marginally higher, hurt by financials after the Reserve Bank of Australia held its cash rate at a record low of 1.5 percent. The S&P/ASX 200 index nudged up 0.1 percent or 5.4 points to 5,484 at
Published 05 Oct, 2016 12:00am
Indian shares rise for third day

Indian shares rise for third day

Indian shares rose for a third straight session on Tuesday, after the newly-appointed monetary policy committee delivered its first rate decision, a surprise 25-basis-points cut in the repo rate, with bank stocks leading the gains. The Reserve Bank of Ind
Published 05 Oct, 2016 12:00am
Tokyo shares up on bank rally, weak yen

Tokyo shares up on bank rally, weak yen

Tokyo shares rose Tuesday as banks rallied and a weaker yen lifted exporters, including auto giants Toyota and Honda. The dollar rose against the yen as upbeat US manufacturing data boosted bets that the world's largest economy was strong enough to absorb
Published 05 Oct, 2016 12:00am
Deutsche Bank and Pearson help European shares rally

Deutsche Bank and Pearson help European shares rally

European shares advanced on Tuesday, with Germany's Deutsche Bank hitting a two-week high following steep losses and the world's biggest education company Pearson gaining after encouraging comments by Morgan Stanley. Pearson rose 5.2 percent, among the to
Published 05 Oct, 2016 12:00am
Italy sells first 50-year bond

Italy sells first 50-year bond

Italy sold its first 50-year bond on Tuesday as some investors bet the European Central Bank may soon add ultra-long debt to its asset-purchase stimulus scheme. About 16.5 billion euros of orders were placed for the bond - 5-1/2 times the expected sale am
Published 05 Oct, 2016 12:00am
Italy sells first 50-year bond

Italy sells first 50-year bond

Italy sold its first 50-year bond on Tuesday as some investors bet the European Central Bank may soon add ultra-long debt to its asset-purchase stimulus scheme. About 16.5 billion euros of orders were placed for the bond - 5-1/2 times the expected sale am
Published 05 Oct, 2016 12:00am
South East Asian markets: Indonesia hits 1-1/2-year high; Thailand up

South East Asian markets: Indonesia hits 1-1/2-year high; Thailand up

Southeast Asian stock markets closed higher on Tuesday with Indonesia surging to its highest in nearly one-and-a-half year, while Thai shares rose more than 1 percent to hit a near four-week high. The Jakarta Composite Index climbed for a second straight
Published 05 Oct, 2016 12:00am
FTSE tops 7,000-point level, mid-caps hit record high
Currency

FTSE tops 7,000-point level, mid-caps hit record high

Britain's FTSE 100 index rose above the 7,000-point level for the first time since May 2015 on Tuesday while mid-caps hit an all-time high after sterling fell following Prime Minister Theresa May's announcement of a March 2017 deadline to begin the Brexit
Published 05 Oct, 2016 12:00am
Dollar rises against euro, yen in Asia
Currency

Dollar rises against euro, yen in Asia

The dollar rose against the yen and euro on Tuesday, boosted by an upbeat US manufacturing sector survey, while the pound wallowed near a three-decade low on concerns over a potential "hard Brexit" for Britain. The dollar added to overnight gains and was
Published 05 Oct, 2016 12:00am
Sterling skids to 31-year low against dollar in Europe
Currency

Sterling skids to 31-year low against dollar in Europe

Sterling slid to its weakest level in more than three decades against a broadly stronger dollar on Tuesday, hit by fears over the impact of Britain's looming departure from the European Union. The greenback climbed 0.7 percent to a 13-day high against a b
Published 05 Oct, 2016 12:00am
Sterling drops near 31-year low against dollar in NY

Sterling drops near 31-year low against dollar in NY

Sterling fell on Monday near a 31-year low against the dollar and to a three-year low versus the euro after a March deadline was set for the start of the formal process that will split Britain from the European Union. The dollar strengthened against a bas
Published 05 Oct, 2016 12:00am
Sri Lankan rupee eases
Currency

Sri Lankan rupee eases

The Sri Lankan rupee closed weaker on Tuesday on importer dollar demand in the absence of central bank intervention, and the market expects the local currency to be under downward pressure due to seasonal imports until mid-December, dealers said. The spot
Published 05 Oct, 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 05 Oct, 2016 12:00am
Canadian dollar strengthens
Currency

Canadian dollar strengthens

The Canadian dollar strengthened slightly against a firmer US counterpart on Monday as oil rose to its highest intraday level in nearly three months. The Canadian dollar ended at C$1.3110 to the greenback, or 76.28 US cents, slightly stronger than Friday'
Published 05 Oct, 2016 12:00am
Strong US data dents Asia FX
Currency

Strong US data dents Asia FX

Most emerging Asian currencies eased on Tuesday as solid US manufacturing activity backed expectations of a Federal Reserve interest rate hike before year-end, lifting the dollar and US Treasury yields. The Singapore dollar hit its weakest in more than tw
Published 05 Oct, 2016 12:00am
Sterling slides to 31-year low as 'hard' Brexit worries bite
Currency

Sterling slides to 31-year low as 'hard' Brexit worries bite

Sterling slid to its lowest in more than three decades against the dollar on Tuesday, on growing fears that Britain's looming departure from the European Union will hit the economy. Sterling had skidded more than 1 percent on Monday on the back of Prime M
Published 05 Oct, 2016 12:00am
Aussie unruffled by RBA, kiwi slightly firmer

Aussie unruffled by RBA, kiwi slightly firmer

The Australian dollar held near one-month highs as investors shrugged off a widely expected move by the nation's central bank to keep rates steady and priced in only a modest chance of an easing in the next month or so. The Australian dollar had paused at
Published 05 Oct, 2016 12:00am
WADA made 'mistakes' with meldonium ban: Murray

WADA made 'mistakes' with meldonium ban: Murray

British tennis star Andy Murray said Tuesday that the World Anti-Doping Agency made "mistakes" over how it handled the ban on the drug meldonium, allowing athletes to escape suspensions. A number of athletes have since tested positive for meldonium since
Published 05 Oct, 2016 12:00am
Nadal seeks redemption in Beijing

Nadal seeks redemption in Beijing

Rafael Nadal barrelled through his opening match of the China Open Tuesday as he seeks to redeem his injury-blighted season with a strong run in Beijing. Nadal dropped just two games to 39th-ranked Italian Paolo Lorenzi, beating him 6-1, 6-1 to reach the
Published 05 Oct, 2016 12:00am
Sharapova targets April return after doping ban reduced

Sharapova targets April return after doping ban reduced

Russian tennis star Maria Sharapova hailed the reduction of her two-year doping ban on Tuesday as one of the "happiest days" of her life, immediately targeting a return to action in April 2017. The Court of Arbitration for Sport (CAS) cut Sharapova's ban
Published 05 Oct, 2016 12:00am
Professional Hockey League postponed

Professional Hockey League postponed

Pakistan Hockey Federation (PHF) has postponed the holding of Professional Hockey League (PHL), which was scheduled to be held in Lahore in November. A spokesman of Pakistan Hockey Federation (PHF) said here Tuesday that the League has been put off due to
Published 05 Oct, 2016 12:00am
Test players must provide excitement: Kohli

Test players must provide excitement: Kohli

India must play exciting Test cricket to entertain the crowds, skipper Virat Kohli said after defeating New Zealand, amid waning interest in the game's longest form. India regained the top spot in the world rankings in Tests and sealed the three-match ser
Published 05 Oct, 2016 12:00am
Rooney urges united front after Allardyce exit

Rooney urges united front after Allardyce exit

Captain Wayne Rooney has called on England's stars to stick together as they get back to work following the disgraced Sam Allardyce's shock departure. Allardyce was forced to resign as England manager after just 67 days and one game in charge following hi
Published 05 Oct, 2016 12:00am
England begin Bangladesh tour with victory

England begin Bangladesh tour with victory

Jos Buttler and Moeen Ali scored half-centuries as England began their tour of Bangladesh on Tuesday with a comfortable four-wicket victory against a strong line-up picked by the host board. Skipper Buttler scored an unbeaten 80 while Ali added a quickfir
Published 05 Oct, 2016 12:00am
Shama Challenge Football: Police hold KP Green to 1-1 draw

Shama Challenge Football: Police hold KP Green to 1-1 draw

Pakistan Police held Khyber Pakhtunkhwa Green to a 1-1 goal draw before were down 1-0 at half-time in the group-B match of the ongoing All-Pakistan Shama Challenge Football Cup being played here at Sumbal Khan Football ground, Qayyum Sports Complex on Tue
Published 05 Oct, 2016 12:00am
English players urged to snub Bangladesh Premier League

English players urged to snub Bangladesh Premier League

The Professional Cricketers' Association (PCA) wants English players to snub the 2016 Bangladesh Premier League over security fears. PCA chief executive David Leatherdale believes the absence of any details on security measures to be put in place for the
Published 05 Oct, 2016 12:00am
Amir flies home to sick mother

Amir flies home to sick mother

Mohammad Amir quit Pakistan's one-day series against the West Indies and flew home on Tuesday after his mother was taken seriously ill, the Pakistan Cricket Board said. The 24-year-old left for Lahore and will miss the third and final one-day internationa
Published 05 Oct, 2016 12:00am
Arthur targets top four as Pakistan set to post another whitewash

Arthur targets top four as Pakistan set to post another whitewash

Pakistan's head coach Mickey Arthur Monday set his team's goal at attaining top four position in the one-day rankings as they target another whitewash over the West Indies. Leading the three-match one-day international series 2-0, Pakistan looks favourite
Published 05 Oct, 2016 12:00am
Chile pardons president's late father four decades on

Chile pardons president's late father four decades on

Chile's Supreme Court said Tuesday it has annulled a treason conviction against President Michelle Bachelet's father, who was jailed and tortured to death for opposing the country's 1973 coup. Alberto Bachelet, a top general in the Chilean air force, was
Published 05 Oct, 2016 12:00am
WikiLeaks fetes 10th birthday with vow of key US vote leaks

WikiLeaks fetes 10th birthday with vow of key US vote leaks

WikiLeaks founder Julian Assange vowed Tuesday to publish new "significant" documents related to the US presidential elections ahead of the November 8 vote, as the online leaking platform celebrated its 10th birthday in defiant mood. Taking aim at critics
Published 05 Oct, 2016 12:00am
Cyprus apologises to Greece for 1974 friendly fire deaths

Cyprus apologises to Greece for 1974 friendly fire deaths

Cyprus formally apologised to Greece on Tuesday as it handed over the remains of 16 Greek commandos who were killed by "friendly fire" during Turkey's 1974 invasion of the island. The soldiers were on board a French-built Noratlas transport aircraft that
Published 05 Oct, 2016 12:00am
South Africa students, police clash in campus battle

South Africa students, police clash in campus battle

South African police fired rubber bullets, stun grenades and teargas at student protesters in Johannesburg on Tuesday as authorities tried to re-open the prestigious Wits University after weeks of demonstrations. The university, along with many campuses a
Published 05 Oct, 2016 12:00am
10 civilians killed in rocket attack in Yemen

10 civilians killed in rocket attack in Yemen

At least 10 civilians were killed Monday, including six children, when an artillery shell hit a busy street near a popular market in Taez in southern Yemen, the UN said Tuesday. The United Nations rights office also said 17 people, including six more chil
Published 05 Oct, 2016 12:00am
Palestinian local polls delayed for up to four months

Palestinian local polls delayed for up to four months

The Palestinian government delayed municipal elections for up to four months Tuesday with Fatah and Hamas so far unable to overcome divisions to organise their first competitive polls in a decade. The postponement came a day after the Palestinian high cou
Published 05 Oct, 2016 12:00am
Trump tumbles on rich list, down $800 million

Trump tumbles on rich list, down $800 million

It seems running for president is hurting Donald Trump's finances big time. The Republican nominee's fortune fell $800 million last year sending him tumbling 35 spots on a list of richest Americans, Forbes said Tuesday. The business magazine said the New
Published 05 Oct, 2016 12:00am
Duterte tells Obama to 'go to hell'

Duterte tells Obama to 'go to hell'

Firebrand Philippine leader Rodrigo Duterte told US President Barack Obama to "go to hell" Tuesday, as he threatened to end his nation's decades-old alliance with the United States in favour of China and Russia. The fresh tirade came as the Philippines an
Published 05 Oct, 2016 12:00am
Second peacekeeper dies in Mali

Second peacekeeper dies in Mali

The UN said Tuesday a second peacekeeper had died following an attack on a base in north-eastern Mali, as it admitted serious failings in its most dangerous ongoing mission. More than 11,000 UN police and military are currently serving in Mali, attempting
Published 05 Oct, 2016 12:00am
'Devastating' to see Yemen malnourished children: UN

'Devastating' to see Yemen malnourished children: UN

UN humanitarian aid chief Stephen O'Brien on Tuesday described as "absolutely devastating" the sight of Yemeni children suffering malnutrition as a result of the country's 18-month conflict. Speaking to reporters in rebel-held Sanaa as he concluded a two-
Published 05 Oct, 2016 12:00am
Egypt police shoot dead Brotherhood leader

Egypt police shoot dead Brotherhood leader

Egyptian police shot dead two members of the Muslim Brotherhood, one of them a senior leader of the outlawed Islamist group, the interior ministry said on Tuesday. The ministry charged that Mohamed Kamal headed the military wing of the movement of ousted
Published 05 Oct, 2016 12:00am
Syria army advances in Aleppo after US drops Russia talks

Syria army advances in Aleppo after US drops Russia talks

Syrian regime forces advanced against rebels during intense street battles in the heart of Aleppo on Tuesday, after the United States abandoned talks with Russia aimed at reviving a cease-fire deal. Washington said its decision did not mean it was "abando
Published 05 Oct, 2016 12:00am
Copper fall on stronger dollar cushioned by China outlook
Currency

Copper fall on stronger dollar cushioned by China outlook

Copper prices slipped on Tuesday, driving the rest of the metals complex lower, as the dollar strengthened although improving signals from China's economy cushioned the fall. With China's markets closed this week, trading volumes were likely to remain thi
Published 05 Oct, 2016 12:00am
Canadian oil production to fall

Canadian oil production to fall

Canadian oil production will decline by one percent this year due to lower investment and disruptions from wildfires, says a report released Tuesday. The study also projected that for the first time ever, Canada's oil sector will lose money - billions, in
Published 05 Oct, 2016 12:00am
Rubber gains

Rubber gains

Benchmark Tokyo rubber futures gained on Tuesday, supported by a fall in the yen against the US dollar, but trade was thin as Chinese markets remained shut for National Day holidays. "The softer yen prompted fresh buys but gains were limited as traders in
Published 05 Oct, 2016 12:00am
Palm oil falls to two-week low
Currency

Palm oil falls to two-week low

Malaysian palm oil futures fell on Tuesday due to a stronger ringgit, while Chinese investors stayed on the sidelines during the National Day holidays. A stronger ringgit, palm's traded currency, makes the tropical oil less attractive to foreign buyers. I
Published 05 Oct, 2016 12:00am
Sugar rises on deficit talk as London Sugar Week kicks off

Sugar rises on deficit talk as London Sugar Week kicks off

Sugar futures on ICE rose on Tuesday, bucking three straight sessions of losses, on a technical bounce and the prospect of global shortages boosting sentiment as many market participants gathered in London for a biennial trade dinner on Thursday. Coffee p
Published 05 Oct, 2016 12:00am
Gold down in New York

Gold down in New York

Gold prices slipped on Monday as the dollar gained on stronger-than-expected US manufacturing data and investors awaited jobs data later this week for clues about whether US interest rates would rise by the year-end. Spot gold reversed gains to fall 0.3 p
Published 05 Oct, 2016 12:00am
Gold falls in Asia

Gold falls in Asia

Gold fell to its lowest in over two-weeks on Tuesday as the dollar gained strength after upbeat US economic data. Spot gold edged down 0.3 percent to $1,307.70 an ounce by 0708 GMT. Bullion earlier fell to as low as $1,307.15, its lowest since September 1
Published 05 Oct, 2016 12:00am
Gold slides to lowest in Europe since Brexit vote

Gold slides to lowest in Europe since Brexit vote

Gold slid more than 1 percent on Tuesday to its lowest since Britain's shock vote to leave the European Union in June, as a bounce in the dollar after upbeat US data triggered a break of key support at $1,300 an ounce. Forecast-beating US manufacturing da
Published 05 Oct, 2016 12:00am
Platts Kingsman raises global sugar deficit forecasts

Platts Kingsman raises global sugar deficit forecasts

Platts Kingsman on Monday raised its forecast for an anticipated global sugar deficit in the 2016/17 season (October/September) by 570,000 tonnes to 6.45 million tonnes. For 2015/16, it estimated there would be a global sugar deficit of 5.21 million, up 2
Published 05 Oct, 2016 12:00am
US MIDDAY: soyabean rally

US MIDDAY: soyabean rally

Chicago soyabean prices fell on Tuesday, snuffing out a three-session rally as an accelerating US harvest shifted attention back toward the prospect of record production. Corn edged higher, supported by short-covering in spread trades against soyabeans, w
Published 05 Oct, 2016 12:00am
Met Office forecasts hot, dry weather

Met Office forecasts hot, dry weather

The Met Office on Tuesday forecast mainly hot and dry weather for the most parts of the country in the next 24 hours. It however said that there were chances of rain with dust-thunderstorm at scattered places in Mirpurkhas, Hyderabad and Thatta divisions,
Published 05 Oct, 2016 12:00am
PMSA holds seminar on marine pollution

PMSA holds seminar on marine pollution

Vice Chief of Naval Staff, Admiral Khan Hasham bin Saddique has said that Pakistan Navy is fully ready to defend the country and it would give a befitting reply to enemy in case of any misadventure. He stated this while talking to media at one-day interna
Published 05 Oct, 2016 12:00am
FPCCI decides not to participate in IITF 2016

FPCCI decides not to participate in IITF 2016

Pakistani exhibitors have decided not to participate in India International Trade Fair (IITF) 2016 to show solidarity with government. Some 110 stalls were booked by the Federation Pakistan Chamber of Commerce and Industry (FPCCI) for the Pakistani exhibi
Published 05 Oct, 2016 12:00am
ICAP, ICMAP hold BCSR awards on October 7

ICAP, ICMAP hold BCSR awards on October 7

The best corporate and sustainability report (BCSR) awards for the year 2015 would be held on October 7 here in Karachi. The event would be organized jointly by the Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Manage
Published 05 Oct, 2016 12:00am
Ferozsons Laboratories Limited

Ferozsons Laboratories Limited

ABOUT THE COMPANY: One of the country's leading pharmaceuticals, Ferozsons Laboratories Limited (PSX: FEROZ) was established in 1956 as one of the first pharmaceutical manufacturing companies in Pakistan. In 1960, it became the first Pakistani
Published 05 Oct, 2016 12:00am
Ferozsons Laboratories Limited

Ferozsons Laboratories Limited

ABOUT THE COMPANY: One of the country's leading pharmaceuticals, Ferozsons Laboratories Limited (PSX: FEROZ) was established in 1956 as one of the first pharmaceutical manufacturing companies in Pakistan. In 1960, it became the first Pakistani
Published 05 Oct, 2016 12:00am
GCUDS clinches 270 awards for oratory skills

GCUDS clinches 270 awards for oratory skills

The Government College University Lahore Debating Society has once again showed its extracurricular excellence as it bagged 270 national oratory awards during the academic year 2015-16. The 270 laurels include 50 coveted team trophies, 9 runners-up trophi
Published 05 Oct, 2016 12:00am
Security arrangements for Muharram reviewed

Security arrangements for Muharram reviewed

DCO Salman Ghani and CPO Afzaal Ahmad Kausar jointly visited main Imambargah Diglouspura and Dhobi Ghat ground tent city of mourners to check the security and other administrative arrangements. Administrator TMA Lyallpur Town Rafia Haider and other office
Published 05 Oct, 2016 12:00am
PML-Q slams Indian atrocities in occupied Kashmir

PML-Q slams Indian atrocities in occupied Kashmir

PML-Q has slammed the Indian atrocities in occupied Kashmir and warned of giving a befitting reply in case any adventure by the Indian authorities. A consultative meeting of the party was held under the chairmanship of PML-Q Chief Chaudhry Shujat Hussain,
Published 05 Oct, 2016 12:00am
Education only way to deal with challenges: Shahbaz

Education only way to deal with challenges: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that education is the only way to tackle challenges of poverty, unemployment and ignorance. He said that Punjab government has evolved a solid strategy for the uplift of education sector. He also said
Published 05 Oct, 2016 12:00am
ANF arrests 176 proclaimed offenders since May

ANF arrests 176 proclaimed offenders since May

In compliance to government's directive, Anti-Narcotic Force (ANF) has granted top priority to nab proclaimed offenders in its ground operations. In this regard, two special conferences of ANF Operational Heads have already taken place at HQ ANF, which ai
Published 05 Oct, 2016 12:00am
APTMA demands trade suspension with India

APTMA demands trade suspension with India

All Pakistan Textile Mills Association (APTMA) Central Chairman Aamir Fayyaz has demanded immediate suspension of bilateral trade with India in the wake of prevailing hostilities. "An immediate revision of trade ties is a need of the hour, especially cons
Published 05 Oct, 2016 12:00am
Wang Zihai elected PCJCCI chief

Wang Zihai elected PCJCCI chief

The Pak-China Joint Chamber of Commerce and Industry's newly-elected President, Wang Zihai, on Tuesday expressed the optimism of huge investment from China up to $100 billion following completion of infrastructure projects under the China-Pakistan Economi
Published 05 Oct, 2016 12:00am
TEVTA starts short courses for poultry farming

TEVTA starts short courses for poultry farming

Technical Education and Vocational Training Authority (TEVTA) has successfully started three months short courses in Poultry Farming (Controlled Shed) and Dairy Technician Trades at University of Agriculture Faisalabad (UAF). Approximately, 400 unemployed
Published 05 Oct, 2016 12:00am
PDWP approves nine schemes costing Rs 5.513 billion

PDWP approves nine schemes costing Rs 5.513 billion

The Punjab Provincial Development Working Party approved nine development schemes of various sectors with an estimated cost of Rs 5513.231 million including three clean drinking water and sewerage projects costing Rs 1.5 billion. The schemes were approved
Published 05 Oct, 2016 12:00am
Iran wants to be part of CPEC: Assadi

Iran wants to be part of CPEC: Assadi

The China Pakistan Economic Corridor (CPEC) is a great economic development and Iran wants to be part of it, said Iranian Consul General Mohammad Hossein Bani Assadi while speaking at the Lahore Chamber of Commerce & Industry on Tuesday. LCCI President, A
Published 05 Oct, 2016 12:00am
Legal fraternity expresses solidarity with army

Legal fraternity expresses solidarity with army

Leaders of the legal fraternity have expressed their solidarity with Pakistan army against Indian aggression and urged the government to take up the matter of violation of human rights at all international forums. Speaking at a joint press conference on T
Published 05 Oct, 2016 12:00am
PHC grants bail to former KP minister

PHC grants bail to former KP minister

After remaining behind bars for about 16 months over corruption charges, Khyber-Pakhtunkhwa's (KP) erstwhile provincial minister for mines and minerals Ziaullah Afridi was granted bail by the Peshawar High Court on Tuesday.
Published 05 Oct, 2016 12:00am
SECP for increasing retail penetration of mutual funds

SECP for increasing retail penetration of mutual funds

The Securities and Exchange Commission of Pakistan (SECP) has impressed upon the Mutual Funds Association of Pakistan (MUFAP) to focus on increasing the retail penetration of mutual funds. In a meeting with the MUFAP representatives, the SECP chairman, Za
Published 05 Oct, 2016 12:00am
QWP chief calls for timely completion of Diamer-Bhasha Dam

QWP chief calls for timely completion of Diamer-Bhasha Dam

Chairman Qaumi Watan Party (QWP) Aftab Ahmed Khan Sherpao has demanded the timely completion of Diamer-Bhasha Dam and ongoing hydel power generation projects that would be addressed the ongoing electricity shortages for effective implementation of CPEC pr
Published 05 Oct, 2016 12:00am
Oil & gas: speakers undersocre need for revisiting 18th Amendment

Oil & gas: speakers undersocre need for revisiting 18th Amendment

The parliament must revisit the certain parts of the 18th Amendment of the constitution dealing with the oil/gas sector to remove the confusion on various matters including oil/gas exploration, production and distribution. This was the crux of a seminar t
Published 05 Oct, 2016 12:00am
Pakistan among 10 countries hosting half of world's refugees: Amnesty

Pakistan among 10 countries hosting half of world's refugees: Amnesty

Ten countries accounting for 2.5 percent of world GDP are hosting more than half the world's refugees, Amnesty International said on Tuesday as it slammed what it called the selfishness of wealthy nations. In a report on the plight faced by the world's 21
Published 05 Oct, 2016 12:00am
USAID, MoF renew ongoing partnership for development in Pakistan

USAID, MoF renew ongoing partnership for development in Pakistan

The United States Agency for International Development (USAID) and the Ministry of Finance on September 16 signed the latest amendment to the Pakistan Enhanced Partnership Agreement (PEPA), the document through which the US government provides development
Published 05 Oct, 2016 12:00am
Government committed to empower women: Abbas

Government committed to empower women: Abbas

Pakistan High Commissioner to the United Kingdom Syed Ibne Abbas has said the Government of Pakistan (GoP) was committed to empower women and in this regard, required legislation was done. He said the Parliament of Pakistan comprised 33 percent women legi
Published 05 Oct, 2016 12:00am
Nato Military Chief calls on General Rashad Mahmood

Nato Military Chief calls on General Rashad Mahmood

General Petr Pavel, Chairman Military Committee (CMC), Nato, who is on official visit to Pakistan, called on General Rashad Mahmood, Chairman Joint Chiefs of Staff Committee at Joint Staff Headquarters, Rawalpindi. During the meeting, matters of mutual in
Published 05 Oct, 2016 12:00am
PDWP approves 24 projects worth Rs 16.496 billion

PDWP approves 24 projects worth Rs 16.496 billion

The Provincial Development Working Party (PDWP) held its meeting under the Chairmanship of Muhammad Azam Khan, Additional Chief Secretary Khyber Pakhtunkhwa on Tuesday. The meeting was attended by its members and respective administrative Secretaries.
Published 05 Oct, 2016 12:00am
Senate body reviews Pak-Russian cooperation

Senate body reviews Pak-Russian cooperation

Senate Committee on Defence Production has reviewed Pakistan's defence cooperation with Russia as well as selling of Super Mushshak (Proficient) and JF-17 Thunder Aircrafts in the international market. Lieutenant General Abdul Qayyum (Retd) chaired the me
Published 05 Oct, 2016 12:00am
NA calls for early construction of Diamer-Bhasha Dam

NA calls for early construction of Diamer-Bhasha Dam

The National Assembly on Tuesday passed three separate resolutions including a resolution urging the government to take steps for early construction of Diamer-Bhasha dam. MNA Khalida Mansoor moved the resolution on the Diamer-Bhasha dam. Lal Chand present
Published 05 Oct, 2016 12:00am
PIFD distributes 38 laptops among students

PIFD distributes 38 laptops among students

The Pakistan Institute of Fashion and Design (PIFD) distributed 38 laptops among students under Phase 2 of the Prime Minister Laptop Scheme on Tuesday. Begum Zakiya Shahnawaz, Provincial Minister for Higher Education, was the chief guest. Nazir Hussain, R
Published 05 Oct, 2016 12:00am
President AJK hails unified stance of APC against Indian brutalities

President AJK hails unified stance of APC against Indian brutalities

President of Azad Jammu and Kashmir, Sardar Masood Khan on Tuesday said, "We welcome the All Parties Conference held in Islamabad to evolve a united position and response on India's hostile stance and aggressive actions against Pakistan; and its continuin
Published 05 Oct, 2016 12:00am
KP, UNDP launch awareness campaign regarding SDGs

KP, UNDP launch awareness campaign regarding SDGs

The Government of Khyber Pakhtunkhwa in collaboration with Planning Commission and United Nations Development Programme (UNDP) has launched awareness raising projecting Sustainable Development Goals (SDGs) and findings of the study, "Multidimensional Pove
Published 05 Oct, 2016 12:00am
FESCO, Noon Sugar Mill sign agreement

FESCO, Noon Sugar Mill sign agreement

Four megawatt power purchase agreement has inked between Faisalabad Electric Supply Company (FESCO) and Noon Sugar Mill Bhalwal. Chief Executive Officer (CEO) of FESCO, Rashid Ahmed Aslam, Chief Financial Officer Zahid Hassan and Chief Commercial Officer
Published 05 Oct, 2016 12:00am
FATA MPs meet Jhagra

FATA MPs meet Jhagra

KP Governor Iqbal Zafar Jhagra while talking to a nine-member delegation of FATA parliamentarians mostly senators has said that every effort is underway to bring FATA on a par with other parts of the country with special focus on peace, development and be
Published 05 Oct, 2016 12:00am
KP government to bring improvement in education sector

KP government to bring improvement in education sector

Advisor to Chief Minister Khyber Pakhtunkhwa for Higher Education, Mushtaq Ahmad Ghani has directed the Vice Chancellors of public sector universities of the province to complete their model statutes within next two months after the issuance of letter fro
Published 05 Oct, 2016 12:00am
Four killed, nine injured in road accident

Four killed, nine injured in road accident

Four persons including two women and a girl lost their lives while nine others received injuries when two vans and a car hit a long wheelers container on Super Highway near Nooriabad some 65 kilometres from here on Tuesday. The accident took place when th
Published 05 Oct, 2016 12:00am
Book on 'Human Resource Management in Industries of Pakistan' launched

Book on 'Human Resource Management in Industries of Pakistan' launched

Numerous public and private universities offer business administration, a mature discipline in Pakistan. However, there is scarcity of indigenous textbooks in this discipline. Some headway was made in this direction when, on Mon, 3 October 2016, a ceremon
Published 05 Oct, 2016 12:00am
Hub Dam: LCCI chief for revisiting water distribution ratio periodically

Hub Dam: LCCI chief for revisiting water distribution ratio periodically

President of Lasbela Chamber of Commerce and Industry (LCCI), Ismail Suttar has demanded water distribution ratio from Hub Dam should have been revisited periodically. With the gross storage capacity of 857,000 acre feet, the dam was designed to supply 10
Published 05 Oct, 2016 12:00am
KMC decides to close down all departmental accounts

KMC decides to close down all departmental accounts

Karachi Metropolitan Corporation (KMC) has decided to immediately close down all accounts of its different departments. Henceforth, all payments will be made only through signature of the Deputy Mayor Karachi and the KMC Municipal Commissioner. No payment
Published 05 Oct, 2016 12:00am
BBIAP runway to remain closed for five hours

BBIAP runway to remain closed for five hours

The runway of Benazir Bhutto International Airport (BBIAP), Islamabad will be closed for five hourrs on October 5, 2016 (today) According to details, the runway of BBIAP will be closed due to operational reasons from 1pm to 6pm today and NOTAM has been is
Published 05 Oct, 2016 12:00am
UHS holds awareness seminar on autism

UHS holds awareness seminar on autism

"Although autism, a neuro-developmental disorder, is linked with early brain development, scientists have not yet completely pinned down a cause for the disorder," experts said. They were speaking at an awareness seminar held at the University of Health S
Published 05 Oct, 2016 12:00am
Forced closure of power supply continues

Forced closure of power supply continues

Forced closure of power supply continued for fourth consecutive day in the city on Tuesday which made the life of consumers miserable. Lahore Electric Supply Company sources said the duration of power outages has reached 16 hours a day in Kasur, Okara and
Published 05 Oct, 2016 12:00am
Pakistan, Turkey enjoy exemplary ties: Tanveer

Pakistan, Turkey enjoy exemplary ties: Tanveer

Minister for Defence Production Rana Tanveer Hussain has said on Tuesday that Pakistan and Turkey are enjoying exemplary affinity, unmatched warmth of relationship and amazing commonality of views on regional and international issues. Talking to a delegat
Published 05 Oct, 2016 12:00am
KP Assembly critical of Centre for 'ignoring' western route of CPEC

KP Assembly critical of Centre for 'ignoring' western route of CPEC

Members of Khyber Pakhtunkhwa Assembly Tuesday criticised federal government for ignoring Khyber Pakhtunkhwa in China-Pakistan Economic Corridor (CPEC) and particularly not constructing western route of the project. The house resumed proceedings with Spea
Published 05 Oct, 2016 12:00am
Indian oppression to end, Kashmiris to gain independence soon: Mamnoon

Indian oppression to end, Kashmiris to gain independence soon: Mamnoon

An optimist President Mamnoon Hussain said on Tuesday that Indian reign of oppression in the occupied Kashmir would end and the oppressed Kashmiris would soon gain independence as a result of that would help establish peace and stability in the region eng
Published 05 Oct, 2016 12:00am
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