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Nov 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-12-10
FTSE records best week since July, Sky surges 27 percent on Fox bid

FTSE records best week since July, Sky surges 27 percent on Fox bid

Britain's top stock index recorded its biggest weekly rise in five months, with a late boost on Friday when Sky shares surged by more than 25 percent on a takeover approach from Twenty-First Century Fox. Sky shares recorded their biggest ever one-day perc
Published 10 Dec, 2016 12:00am
Dollar rises broadly in Asian trade
Currency

Dollar rises broadly in Asian trade

The dollar rose broadly on Friday as US bond yields rose, while the euro sank after the European Central Bank's decision to extend its debt-buying programme even as it cut the size of its purchases disappointed currency bulls. The dollar index gained 0.1
Published 10 Dec, 2016 12:00am
Yen, euro fall in Europe as dollar momentum builds again
Currency

Yen, euro fall in Europe as dollar momentum builds again

The euro was back under pressure on Friday after an extension of the European Central Bank's programme of money-printing drove its biggest daily loss against the dollar since Britain's vote to leave the European Union in June. While the ECB said it would
Published 10 Dec, 2016 12:00am
Early trade in New York: Euro remains down for second day
Currency

Early trade in New York: Euro remains down for second day

The euro dropped on Friday for the second consecutive day after the European Central Bank on Thursday extended its bond-buying program longer than many had anticipated, even as it cut the size of the monthly purchases. The ECB said it would reduce its mon
Published 10 Dec, 2016 12:00am
Euro drops in New York

Euro drops in New York

The euro dropped over 1 percent on Thursday after the European Central Bank cut the size of its asset purchase program but extended it longer than many had expected. The ECB said it would reduce its monthly asset buys to 60 billion euros as of April, from
Published 10 Dec, 2016 12:00am
Yuan down, state banks step in to temper fall
Currency

Yuan down, state banks step in to temper fall

Chinese state banks jumped in to stem yuan weakness on Friday morning after the US dollar rose broadly, but the currency remained vulnerable in the face of a relentlessly rising greenback amid expectations of higher US interest rates. The yuan touched 6.9
Published 10 Dec, 2016 12:00am
Asian currencies slip against dollar

Asian currencies slip against dollar

Asian currencies fell versus the dollar on Friday, hit by a rise in US and European bond yields after the European Central Bank prolonged its bond buying scheme but said it would trim back the size of its monthly purchases from April. The South Korean won
Published 10 Dec, 2016 12:00am
Sterling heads for first week of falls in four
Currency

Sterling heads for first week of falls in four

Sterling slipped against the dollar on Friday and was on track for its first week of falls in four, with investors' hopes for a delayed Brexit dampened after British lawmakers said they would stick to Prime Minister Theresa May's timetable. The currency w
Published 10 Dec, 2016 12:00am
Aussie, kiwi leap on euro
Currency

Aussie, kiwi leap on euro

The Australian and New Zealand dollars held huge gains on the euro on Friday after the European Central Bank engineered a steep fall in short-term bond yields that made the single currency the perfect funding choice for carry trades. The ECB on Thursday a
Published 10 Dec, 2016 12:00am
Tariq Mehmood emerge victorious in Quaid-e-Azam Amateur Golf

Tariq Mehmood emerge victorious in Quaid-e-Azam Amateur Golf

Tariq Mehmood of Garrison Golf Club has emerged as the gross winner of the Seniors event of the All Pakistan Quaid-e-Azam Amateur Golf Championship. Tariq demonstrated his golfing ability exhibiting the hitting power which one normally associates with you
Published 10 Dec, 2016 12:00am
Four Olympic sports, one Paralympic lose UK funding for Tokyo 2020

Four Olympic sports, one Paralympic lose UK funding for Tokyo 2020

Badminton is one of four Olympic sports to lose funding for the 2020 Tokyo Games, UK Sport announced on Friday, despite returning with their first ever men's doubles medal this year. UK Sport - whose funding has been crucial in helping Team GB record meda
Published 10 Dec, 2016 12:00am
India make strong start in reply to England's 400

India make strong start in reply to England's 400

Murali Vijay and Cheteshwar Pujara shared a century stand as India made a strong start in their reply to England's total of 400 on the second day of the fourth Test at the Wankhede Stadium on Friday. Vijay was unbeaten on 70 and Pujara on 47 not out with
Published 10 Dec, 2016 12:00am
Warner hits another ton to sweep New Zealand

Warner hits another ton to sweep New Zealand

Opener David Warner smashed his seventh one-day international century for the year to fire Australia to a resounding 117-run win and a 3-0 series sweep of New Zealand at the Melbourne Cricket Ground on Friday. The pugnacious left-hander's majestic 156 fro
Published 10 Dec, 2016 12:00am
Olympia in main final of Magic River Polo

Olympia in main final of Magic River Polo

Olympia thumped Subway by 8-4 to book berth in the main final of the Magic River Polo Cup 2016 while Barki Estate qualified for the subsidiary final after beating Rijas 6-5 here at the Lahore Polo Club on Friday. In the first match of the pool-B played be
Published 10 Dec, 2016 12:00am
Grand Slam 2017: Australia steps up anti-corruption fight

Grand Slam 2017: Australia steps up anti-corruption fight

Australian tennis authorities boosted measures to fight corruption Friday ahead of the opening Grand Slam of 2017 after a bombshell report this year alleging widespread match-fixing in the sport. Tennis Australia said it had bolstered its National Integri
Published 10 Dec, 2016 12:00am
PAF win Inter-Services Squash Championship

PAF win Inter-Services Squash Championship

Pakistan Air Force (PAF) defeated Pakistan Army in the thrilling final to clinch the Inter-Services Squash Championship trophy here at PAF Hashim Khan Squash Complex on Friday. Pakistan No 2 Farhan Zaman chalked out the victory by denting top seeded playe
Published 10 Dec, 2016 12:00am
Russian doping conspiracy benefited over 1,000 competitors

Russian doping conspiracy benefited over 1,000 competitors

More than 1,000 Russian competitors across more than 30 sports were involved in an institutional conspiracy to conceal positive drug tests as Moscow 'hijacked international sport' over the course of five years, an independent WADA report said on Friday. T
Published 10 Dec, 2016 12:00am
Somalia sets yet another date for presidential vote

Somalia sets yet another date for presidential vote

Somalia's top political leaders have announced the presidential election will be held on December 28, the fourth date so far set to conclude drawn-out, delayed and limited polls. The new timetable was laid out in a joint statement issued late Thursday by
Published 10 Dec, 2016 12:00am
30 killed in double suicide attack on Nigeria market

30 killed in double suicide attack on Nigeria market

Two female suicide bombers struck at a busy market in Nigeria on Friday, killing at least 30 people, the military said, in the latest bloodshed to hit the country's restive north-east. The attack on Madagali, which was recaptured by Nigerian forces from B
Published 10 Dec, 2016 12:00am
Mladic 'not a monster', defence tells judges

Mladic 'not a monster', defence tells judges

Former Serb military commander Ratko Mladic was "not a monster" and should be acquitted of genocide and war crimes, his defence argued Friday, insisting the prosecution had failed to prove his role in the Bosnian war. Once dubbed "the Butcher of Bosnia",
Published 10 Dec, 2016 12:00am
Japan launching 'space junk' collector

Japan launching 'space junk' collector

Japan launched a cargo ship Friday bound for the International Space Station, carrying a 'space junk' collector that was made with the help of a fishnet company. The vessel, dubbed "Kounotori" (stork in Japanese), blasted off from the southern island of T
Published 10 Dec, 2016 12:00am
Syria army pounds Aleppo rebels as Russia vows no let-up

Syria army pounds Aleppo rebels as Russia vows no let-up

Syrian warplanes launched fresh raids on the last rebel-held districts in Aleppo on Friday, as key regime ally Russia vowed the assault would continue until opposition fighters left the battleground city. Government strikes had halted briefly from Thursda
Published 10 Dec, 2016 12:00am
British journalist detained without charge in Kenya

British journalist detained without charge in Kenya

A British journalist working for The Times of London newspaper was detained by Kenyan security at Nairobi airport on Friday and was held without explanation or charge. Jerome Starkey, 35, was locked in a cell overnight after arriving in Kenya from the UK
Published 10 Dec, 2016 12:00am
UN calls on Myanmar's Suu Kyi to visit crisis-hit Rakhine

UN calls on Myanmar's Suu Kyi to visit crisis-hit Rakhine

The UN has urged Myanmar's de facto leader Aung San Suu Kyi to visit northern Rakhine state, where the army is accused of carrying out a brutal crackdown on the Muslim Rohingya minority. The Nobel peace prize winner has faced growing international critici
Published 10 Dec, 2016 12:00am
Man found alive two weeks after chopper crash in Indonesia

Man found alive two weeks after chopper crash in Indonesia

A soldier aboard a military helicopter that crashed in remote Indonesian jungle more than two weeks ago has miraculously been found alive, an army spokesman said Friday. Yohanes Syahputra was found late Thursday by villagers on Borneo island in an exhaust
Published 10 Dec, 2016 12:00am
Nobel prize was 'tremendous push' in Colombia peace: Santos

Nobel prize was 'tremendous push' in Colombia peace: Santos

On the eve of the Nobel Peace Prize ceremony in Oslo, Colombian President Juan Manuel Santos said Friday the award was a "gift from heaven" that gave a "tremendous push" to reach a new agreement with FARC rebels. Santos said the prestigious honour, which
Published 10 Dec, 2016 12:00am
US defence chief makes surprise visit to Afghanistan

US defence chief makes surprise visit to Afghanistan

US Defence Secretary Ashton Carter landed in Afghanistan Friday on an unannounced visit, as uncertainty lingers over President-elect Donald Trump's strategy on America's longest war with no end in sight. Carter is expected to meet Afghan President Ashraf
Published 10 Dec, 2016 12:00am
Kenya deploys army doctors as hospital strike deepens

Kenya deploys army doctors as hospital strike deepens

Kenya deployed army doctors on Friday to the country's main teaching and referral hospital where the last remaining doctors joined a five-day strike that has crippled healthcare services around the country. "Our doctors are already at the hospital to help
Published 10 Dec, 2016 12:00am
KMU approves various academic programmes

KMU approves various academic programmes

The Syndicate of Khyber Medical University (KMU), Peshawar has approved the affiliation of various academic programmes of different health institutions of the province. The 23rd Syndicate meeting of KMU Peshawar was held under the chairmanship of VC Profe
Published 10 Dec, 2016 12:00am
Parliamentary panel says it will welcome inputs from various sources

Parliamentary panel says it will welcome inputs from various sources

A parliamentary panel on Friday decided to take input from concerned government departments and leaders of transgender organisations for an effective legislation to ensure protection of transgender community's rights in the country and address the problem
Published 10 Dec, 2016 12:00am
CM Khattak says he will go to any extent in PK against corruption

CM Khattak says he will go to any extent in PK against corruption

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has vowed to go to any extent against corruption to weed out the evil from the province as there was no room for tolerating people involved in corruption in the manifesto of PTI. This he said while addressi
Published 10 Dec, 2016 12:00am
President for clearing government departments from corrupt elements

President for clearing government departments from corrupt elements

President Mamnoon Hussain on Friday stressed the need to get rid of corrupt elements, recruited by previous regimes, to improve the performance of government departments. Addressing a seminar to mark the International Anti-Corruption Day at the Aiwan-e-Sa
Published 10 Dec, 2016 12:00am
PPP body's meeting on December 13

PPP body's meeting on December 13

The Pakistan People's Party will hold a meeting of implementation committee formed by PPP Chairman Bilawal Bhutto Zardari on four demands. This meeting will take place at PPP media office, Islamabad on Tuesday, December 13, 2016, presided over by former p
Published 10 Dec, 2016 12:00am
Irrigation canals inaugurated in Gomal Zam Dam command areas

Irrigation canals inaugurated in Gomal Zam Dam command areas

The recently-constructed irrigation canals of the US-funded Gomal Zam Dam Command Area Development Project were inaugurated in Dera Ismal Khan District of Khyber Pakhtunkhwa province. The United States Agency for International Development (USAID) signed a
Published 10 Dec, 2016 12:00am
PPP submits adjournment motion about PIA crash

PPP submits adjournment motion about PIA crash

The Pakistan People's Party (PPP) Friday submitted an adjournment motion in the National Assembly Secretariat regarding crash of Pakistan International Airlines (PIA) aircraft ATR-42 near Havelian, in which 48 people lost their lives. The adjournment moti
Published 10 Dec, 2016 12:00am
Prayers in Colombo for PIA crash victims

Prayers in Colombo for PIA crash victims

To express deep grief and sorrow over the unfortunate plane crash in Pakistan, the Muslim community in Sri Lanka arranged a "Funeral Prayer in Absentia" for the victims of the incident, after Jummah Prayer at Dewatgha Mosque, Colombo. Pakistan Internation
Published 10 Dec, 2016 12:00am
Fatemi discusses Indian violations with Senator John McCain

Fatemi discusses Indian violations with Senator John McCain

Special Assistant to Prime Minister on Foreign Affairs Tariq Fatemi has said that Pakistan gives great importance to its ties with the United States. Talking to a gathering of foreign policy experts and US government representatives in Washington, Tariq F
Published 10 Dec, 2016 12:00am
Sustainable development moot rules out war as an option for South Asia

Sustainable development moot rules out war as an option for South Asia

The Speakers said that war is not any option between the two nuclear neighbours and future of South Asian region is linked with peace, co-operation and sustainability. The Speaker expressed these views while addressing the closing plenary of 19th Sustaina
Published 10 Dec, 2016 12:00am
Biden to shore up Canada ties before Trump inauguration

Biden to shore up Canada ties before Trump inauguration

US Vice President Joe Biden brought reassurances to Canada on Friday that its historically close relationship with America will not suffer under Donald Trump's administration. The two-day visit to Ottawa, which started with a dinner hosted by Prime Minist
Published 10 Dec, 2016 12:00am
Czech lawmakers ban smoking in restaurants

Czech lawmakers ban smoking in restaurants

Czech lawmakers voted Friday to ban smoking in cafes and restaurants starting next May, following in the footsteps of much of Europe, but the chain-smoking president still needs to sign off the decree. "I hope we side with the civilised countries," Prime
Published 10 Dec, 2016 12:00am
Buzz Aldrin discharged from New Zealand hospital

Buzz Aldrin discharged from New Zealand hospital

US moonwalker Buzz Aldrin was discharged from a New Zealand hospital Friday, a week after he was evacuated from the South Pole after a health scare. "Bye bye New Zealand! Hope to see you again," his manager Christina Korp tweeted with a photo of a relaxed
Published 10 Dec, 2016 12:00am
Japan switches on nuclear reactor after safety shutdown

Japan switches on nuclear reactor after safety shutdown

Japan has restarted one of its few operating nuclear reactors after a two-month safety check-up, despite still-heated debate over atomic power following the Fukushima disaster. The unit was shut down in October for inspections and maintenance under strict
Published 10 Dec, 2016 12:00am
Duterte starts moves to amend the constitution

Duterte starts moves to amend the constitution

Philippine President Rodrigo Duterte has set into motion a proposal to amend the 1987 constitution to set up a federal system of government to end conflict and give a further boost to the economy. Duterte has signed an executive order creating a 25-member
Published 10 Dec, 2016 12:00am
Algeria deports hundreds of West African migrants to Niger

Algeria deports hundreds of West African migrants to Niger

Algerian authorities have deported hundreds of West African migrants to Niger this week, trucking them thousands of miles across the desert in one of the biggest roundups seen this year, according to officials and human rights groups. Algeria has often se
Published 10 Dec, 2016 12:00am
American space legend John Glenn dies

American space legend John Glenn dies

John Glenn, who made history twice as the first American to orbit Earth and the first senior citizen to venture into space, died Thursday at the age of 95. Glenn became a symbol of strength and the nation's pioneering spirit, drawing admirers from all wal
Published 10 Dec, 2016 12:00am
Rotterdam police arrest 'terror suspect' with gun, fireworks

Rotterdam police arrest 'terror suspect' with gun, fireworks

Rotterdam police have arrested a Dutchman found with a loaded AK-47 Kalashnikov and illegal fireworks who is "suspected of preparing a terrorist crime," prosecutors said Friday. The 30-year-old was detained on Wednesday after police raided his apartment f
Published 10 Dec, 2016 12:00am
Residents take to the hills as powerful quake hits Solomon Islands

Residents take to the hills as powerful quake hits Solomon Islands

Residents of the remote Solomon Islands rushed into the hills after a powerful 7.8 earthquake struck early on Friday, with some reports of small tsunami waves as aftershocks rattled the South Pacific nation. Authorities in the Solomons, where several sign
Published 10 Dec, 2016 12:00am
EU states to return migrants to Greece from March

EU states to return migrants to Greece from March

The EU recommended Thursday that member states resume sending asylum seekers back to Greece from March next year, after transfers were halted for five years because of poor conditions there. Brussels said it was a key step towards restoring the European U
Published 10 Dec, 2016 12:00am
Ghana opposition celebrates as media projects vote win
Currency

Ghana opposition celebrates as media projects vote win

Opposition challenger Nana Akufo-Addo has a clear lead in Ghana's hotly contested presidential election, local media reported Friday, although official results have yet to be released two days after the vote. And supporters of incumbent President John Mah
Published 10 Dec, 2016 12:00am
Textile industry bodies demand revival package

Textile industry bodies demand revival package

A roundtable conference of the textile industry associations have demanded of the government to announce revival package for the textile industry immediately in order to avoid a nosedive fall in exports. The conference has further demanded of energy tarif
Published 10 Dec, 2016 12:00am
PPDWP approves three uplift schemes

PPDWP approves three uplift schemes

The Punjab Provincial Development Working Party (PPDWP) approved three development schemes of health and energy sectors with an estimated cost of Rs 1039.477 million. These schemes were approved in the 37th meeting of PPDWP of current fiscal year 2016-17
Published 10 Dec, 2016 12:00am
Speakers discuss measures to ensure nutrition security

Speakers discuss measures to ensure nutrition security

Despite having surplus productivity in all major crops, as many as 33 percent of the population is malnourished, said University of Agriculture Faisalabad (UAF) Vice Chancellor Professor Dr Iqrar A Khan. Addressed training program on agricultural commodit
Published 10 Dec, 2016 12:00am
LHC issues non-bailable warrants for PML-N worker

LHC issues non-bailable warrants for PML-N worker

A division bench of the Lahore High Court (LHC) on Friday issued non-bailable arrest warrants of a criminal assault suspect Adnan Sanaullah, former office-bearer of the PML-N Youth Wing, as he failed to appear before the court in prosecution's appeal agai
Published 10 Dec, 2016 12:00am
Early childhood education programme starts in Punjab

Early childhood education programme starts in Punjab

The School Education Department (SED), UNICEF, Plan International and Directorate of Staff Development, have started 'early childhood education programme' in Punjab. As many as 2800 schools were converted into child-friendly schools through PC-I in Phase-
Published 10 Dec, 2016 12:00am
LCCI launches app for its members

LCCI launches app for its members

The Lahore Chamber of Commerce & Industry Friday launched its own Android Mobile Application (App) and became the first chamber of the country by introducing such a modern service for its members. The LCCI App can easily be accessed from any smart phone w
Published 10 Dec, 2016 12:00am
Pledge to enhance Pak-Nigeria ties in agriculture sector

Pledge to enhance Pak-Nigeria ties in agriculture sector

Nigerian Nassarrawa State Executive Governor Umaru Tanko Al-makura on Friday said bilateral ties between Nigeria and Pakistan would be further strengthened especially in the field of agriculture to get benefit from the each other potential. He was talking
Published 10 Dec, 2016 12:00am
Shahbaz calls for quality health services in government hospitals

Shahbaz calls for quality health services in government hospitals

Punjab Chief Minister Muhammad Shehbaz Sharif has issued special directions to provincial administration and senior officials of Health Department from London that all out measures should be taken for provision of quality health services to the patients i
Published 10 Dec, 2016 12:00am
PIAF concerned over increasing cost of business

PIAF concerned over increasing cost of business

Pakistan Industrial and Traders Associations Front (PIAF) has said that achievement of better GDP growth rate has become meaningless on account of increase in cost of doing business and widening trade deficit. The PIAF chairman Irfan Iqbal Sheikh in a sta
Published 10 Dec, 2016 12:00am
Zardari calls for national charter of human rights

Zardari calls for national charter of human rights

"The poor state of human rights in the country calls for the adoption of a National Charter of Human Rights on the lines of Charter of Democracy". This was stated by the former President Asif Ali Zardari in a message on the international human rights day
Published 10 Dec, 2016 12:00am
Textile sector said contributing 65 percent to Pakistan's forex earnings

Textile sector said contributing 65 percent to Pakistan's forex earnings

President Faisalabad Chamber of Commerce and Industry (FCCI), Engineer Muhammad Saeed Sheikh while addressing a 24-member delegation of Pakistan Provincial Services Academy Peshawar at FCCI on Friday underlined the importance of textile sector in over all
Published 10 Dec, 2016 12:00am
E-commerce in Pakistan expected to reach $1 billion by 2020

E-commerce in Pakistan expected to reach $1 billion by 2020

Minister for Commerce Khurran Dastgir Khan on Friday said that e-commerce in Pakistan was expected to reach $1 billion by 2020. "Our legislature is working hard to update the rules and regulations governing digital trade", he said while inaugurating a Sem
Published 10 Dec, 2016 12:00am
SECP invites comments on draft of Warehousing Regulation

SECP invites comments on draft of Warehousing Regulation

As a part of its varied reform process the SECP is encouraging the electronic trading of agricultural commodities through the platform of Pakistan Mercantile Exchange. Hence, the SECP has formulated draft Collateral Management and Warehousing (Establishme
Published 10 Dec, 2016 12:00am
Pakistan to ask China to add Karachi Circular Railway to CPEC plan

Pakistan to ask China to add Karachi Circular Railway to CPEC plan

Federal Minister for Railways Khwaja Saad Rafique on Friday said that Pakistan would request China to include the Karachi Circular Railway (KCR) in CPEC project. Speaking at a press briefing at the City Railway Station, the minister said that the Sindh Go
Published 10 Dec, 2016 12:00am
KP government launches toll-free Bolo Helpline

KP government launches toll-free Bolo Helpline

The Government of Khyber Pakhtunkhwa launched toll-free Bolo Help Line 0800 22227 against gender-based violence and social injustice. The launch event ceremony was held in Peshawar on December 08, 2016. Minister for Irrigation, Social Welfare, Special Edu
Published 10 Dec, 2016 12:00am
Edhi Award for pre-hospital care

Edhi Award for pre-hospital care

The Aman Foundation, in collaboration with the Edhi Foundation, has initiated the annual Edhi Award for pre-hospital care. The ceremony for the first award is being held on the 14th of December, 2016, at Pearl Continental Hotel. The award aims to recogniz
Published 10 Dec, 2016 12:00am
Eyewitness to May 12 firing records his statement

Eyewitness to May 12 firing records his statement

An eye witness of May 12, 2007 incident has recorded his statement before the Magistrate at the Malir Court here. The witness said that those firing the bullets were chanting "Jeay Altaf" and "Jeay Muttahida" slogans. The eye witness stated that unarmed p
Published 10 Dec, 2016 12:00am
Rangers foil sit-in protest, detain MQM-L activists

Rangers foil sit-in protest, detain MQM-L activists

Rangers detained several Muttahida Qaumi Movement (MQM) London activists while they tried to hoist the party flag and write slogans on Liaquat Ali Khan Chowk on Friday. While talking to the media about the incident, Rangers sector commander Brigadier Nase
Published 10 Dec, 2016 12:00am
South Punjab traders' grief at PIA tragedy

South Punjab traders' grief at PIA tragedy

The business community of South Punjab has expressed deep grief and sorrow over the tragic incident involving crash of PIA's ATR-42 (AP-BHO) aircraft on Wednesday afternoon. They extended heartfelt condolences to the families of those who lost their lives
Published 10 Dec, 2016 12:00am
Kashf Foundation holds discussion on child sexual abuse

Kashf Foundation holds discussion on child sexual abuse

Kashf Foundation, one of Pakistan's leading microfinance institutions, has held a discussion on the pertinent issue of child sexual abuse & the role of the media in creating awareness. The discussion was opened with a conversation between Kashf Foundation
Published 10 Dec, 2016 12:00am
Erasmus+ offers scholarships to Pakistani universities

Erasmus+ offers scholarships to Pakistani universities

Erasmus+, the higher education programme of the European Union, is currently open for applications. The programme funds co-operation projects between Pakistani and European universities and offers scholarships to students and staff to study in Europe. The
Published 10 Dec, 2016 12:00am
Readymade technical training institute in Sialkot soon

Readymade technical training institute in Sialkot soon

Necessary arrangements are being finalised for setting up modern Pakistan Readymade Technical Training Institute in Sialkot costing over Rs 125 million, Central Chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA), Ijaz A
Published 10 Dec, 2016 12:00am
Seminar on Financial Structuring Solution held

Seminar on Financial Structuring Solution held

Italian Development Committee under the patronage of Italian Embassy and the Consulate together with the support of Italian Trade Agency and Petroleum Institute of Pakistan organised a seminar on Financial Structuring Solution by SACE here. The SACE is th
Published 10 Dec, 2016 12:00am
'Defeat of corruption calls for Zarb-e-Azb passion'

'Defeat of corruption calls for Zarb-e-Azb passion'

Punjab Governor Malik Rafiq Rajwana on Friday said that elimination of corruption from the country needs a passion like Zarb-e-Azb and the National Accountability is performing well but there is always a room for improvement in the performance of institut
Published 10 Dec, 2016 12:00am
'Government should adopt renewable energy sources'

'Government should adopt renewable energy sources'

President of Multan Chamber of Commerce & Industry, Khawaja Jalaluddin Roomi said that government should not ignore the matchless potential of renewable energy sources available in the country. He urged the government to construct at least 25 mini dams at
Published 10 Dec, 2016 12:00am
'Government should adopt renewable energy sources'

'Government should adopt renewable energy sources'

President of Multan Chamber of Commerce & Industry, Khawaja Jalaluddin Roomi said that government should not ignore the matchless potential of renewable energy sources available in the country. He urged the government to construct at least 25 mini dams at
Published 10 Dec, 2016 12:00am
Punjab's position on local government grants

Punjab's position on local government grants

The Punjab government has decided to transfer grants on the basis of Provincial Financial Commission Award (PFC) under Section (3) 153 (a) of the Punjab Local Government Act 2013 for activating local governments and providing funds. A technical group was
Published 10 Dec, 2016 12:00am
JS not submits final bid

JS not submits final bid

On the basis of due diligence process, JS Investments Limited has dropped the intended transaction of potential acquisition of Askari Investment Management Limited and has not submitted the final bid. It was stated by the JS Investments Limited in materia
Published 10 Dec, 2016 12:00am
JS not submits final bid

JS not submits final bid

On the basis of due diligence process, JS Investments Limited has dropped the intended transaction of potential acquisition of Askari Investment Management Limited and has not submitted the final bid. It was stated by the JS Investments Limited in materia
Published 10 Dec, 2016 12:00am
National Action Plan 'stood for nothing', says Fazl

National Action Plan 'stood for nothing', says Fazl

Maulana Fazlur Rehman, Ameer Jamiat Ulema-e-Islam (JUI-F) on Friday expressed reservations over National Action Plan (NAP), formulated after deadly attack on Army Public School (APS) in 2014, asked the government to explain did NAP met the set targets. Ta
Published 10 Dec, 2016 12:00am
PML-N charges Imran with insult to national institutions

PML-N charges Imran with insult to national institutions

Ruling Pakistan Muslim League (PML-N) on Friday while flaying Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan's announcement that he will boycott Supreme Court (SC) proceedings, if the apex court was formatting a commission to probe Panama paper case,
Published 10 Dec, 2016 12:00am
Winter break in Sindh from December 22

Winter break in Sindh from December 22

Educational institutions in Sindh will remain closed from December 22-31, 2016 for winter holidays, a notification issued from the Sindh government. Educational institutes will reopen on January 2, 2017. The schedule will be followed by both public and pr
Published 10 Dec, 2016 12:00am
Two hurt in Tandojam blast

Two hurt in Tandojam blast

An improvised explosive device planted in a bicycle went off near Sindh Agriculture University (SAU) in Tandojam here on Friday leaving two persons including a ranger personnel injured. According to Hyderabad SSP Irfan Baloch, the IED was planted in a bic
Published 10 Dec, 2016 12:00am
USAID's PPII makes first investment

USAID's PPII makes first investment

The Baltoro Growth Fund, one of three funds created under the United States Agency for International Development's Pakistan Private Investment Initiative (PPII), announced an investment in AGP Limited, a Pakistani pharmaceutical manufacturing company. Thi
Published 10 Dec, 2016 12:00am
Sartaj leaves for Bahrain to attend 'Manama Dialogue'

Sartaj leaves for Bahrain to attend 'Manama Dialogue'

Adviser to Prime Minister on Foreign Affair Sartaj Aziz will leave for Bahrain today on a two-day official visit to attend 'The Manama Dialogue', in which more than 20 counties are participating. According to Foreign Office spokesperson, Nafees Zakaria, t
Published 10 Dec, 2016 12:00am
Assassins of Kismat Baig arrested: CCPO Lahore

Assassins of Kismat Baig arrested: CCPO Lahore

Capital City Police Officer (CCPO) Lahore Captain(r) Muhammad Ameen Wains said that all the criminals involved in assassination of Kismat Baig had been arrested by the police. While addressing a press conference at Police Lines on Friday he said police al
Published 10 Dec, 2016 12:00am
KCCI president promised to help resolve PCDMA problems

KCCI president promised to help resolve PCDMA problems

President of Karachi Chamber of Commerce and Industry (KCCI) Shamim Ahmed Firpo has assured the members of Pakistan Chemicals and Dyes Merchant Association (PCDMA) that KCCI would extend all possible assistance for the settlement of their problems. He gav
Published 10 Dec, 2016 12:00am
Conference on CPEC, regional integration from December 13

Conference on CPEC, regional integration from December 13

The Ministry for Planning, Development and Reforms is going to organise a conference of the Pakistan Society of Development Economists (PSDE) on China-Pakistan Economic Corridor (CPEC) and regional integration from December 13-15, 2016. The theme of the c
Published 10 Dec, 2016 12:00am
'Car manufacturers should put more investments'

'Car manufacturers should put more investments'

Presidential candidate of FPCCI Zubair Tufail has emphasised the need that car manufacturers should put more investments to develop their production facilities and avoid long periods of waiting of the costumers. Visiting two largest car manufacturing comp
Published 10 Dec, 2016 12:00am
Karachi Corps Commander meets Governor

Karachi Corps Commander meets Governor

The Corps commander Karachi Lieutenant General Naveed Mukhtar called on Governor Sindh, former Justice Saeed-uz-Zaman Siddiqui, in a Karachi hospital on Friday. They discussed Karachi operation and over all law & order situation in the province. Governor
Published 10 Dec, 2016 12:00am
NBP distributes prizes to customers for remittance services

NBP distributes prizes to customers for remittance services

National Bank of Pakistan (NBP) distributed prizes to its remittance customers who used NBP services to receive their remittance payments. The Prize Distribution Ceremony was held in a five-star hotel in Rawalpindi where LCD TVs, gold bars, laptop compute
Published 10 Dec, 2016 12:00am
PIA CEO visits residences of deceased officials

PIA CEO visits residences of deceased officials

CEO PIA Bernd Hildenbrand visited the residences of PIA officials who lost their lives in the tragic crash of PK-661 and offered heartfelt condolences. The residences included Airhostess Asma Adil, Captain Saleh Yar Janjua, First Officer Aaly Akram, Aircr
Published 10 Dec, 2016 12:00am
Mustafa Kamal to make 'historic announcement' on December 23

Mustafa Kamal to make 'historic announcement' on December 23

The Chairman Pak Sarzameen Party Mustafa Kamal hinted at introducing new trend in Pakistani politics adding that his party would make a historic announcement in the public meeting scheduled to be held on December 23, 2016 at Pacca Qila Ground Hyderabad. M
Published 10 Dec, 2016 12:00am
UBL Capital Protected Fund-III launched

UBL Capital Protected Fund-III launched

UBL Fund Managers Limited (UBL Funds) announced the launch of UBL Capital Protected Fund-III. This open-end capital protected scheme offers an ideal investment opportunity for those wanting to earn competitive returns on their investments while remaining
Published 10 Dec, 2016 12:00am
UBL Capital Protected Fund-III launched

UBL Capital Protected Fund-III launched

UBL Fund Managers Limited (UBL Funds) announced the launch of UBL Capital Protected Fund-III. This open-end capital protected scheme offers an ideal investment opportunity for those wanting to earn competitive returns on their investments while remaining
Published 10 Dec, 2016 12:00am
PIA clarification

PIA clarification

Reference media reports regarding ATR not being a safe aircraft, Spokesman PIA has clarified that ATR is perfectly safe for flying and is useful and economical on short haul flights in both hot and cold weather conditions. Several of these aircraft are be
Published 10 Dec, 2016 12:00am
Telecom goods import decreases by 15 percent

Telecom goods import decreases by 15 percent

Pakistan's imports of telecom goods decreased by 15 percent to $381.989 million in July-October 2016, official figures say. Fall in the telecom imports reached $67.029 million in July-October 2-016 from $449.018 million in July-October 2015, Pakistan Bure
Published 10 Dec, 2016 12:00am
Bilawal supports call for inclusion of KCR in CPEC

Bilawal supports call for inclusion of KCR in CPEC

Chairman Pakistan Peoples Party Bilawal Bhutto Zardari endorsed the demand from Chief Minister Sindh Syed Murad Shah for including Karachi Circular Railway (KCR) project in CPEC as the city was catering to people from all over Pakistan and was under inten
Published 10 Dec, 2016 12:00am
Businessmen welcome increased demand in private sector credit

Businessmen welcome increased demand in private sector credit

Chairman Businessmen Panel and Pakistan Business Group Alliance of FPCCI Mian Zahid Hussain, Presidential candidate Abdul Rahim Janoo and candidate for SVP Mian Anjum Nisar for FPCCI elections 2017 have welcomed increased demand for private sector credit,
Published 10 Dec, 2016 12:00am
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