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Print - 2017-03-14
China stocks post best gains in three weeks

China stocks post best gains in three weeks

China stocks posted their best gains in three weeks on Monday after a senior research official said over the weekend that the world's second-largest economy was on steadier footing. The blue-chip CSI300 index rose 0.9 percent to 3,458.10 points, while the
Published 14 Mar, 2017 12:00am
European shares led higher by mining sector and spate of M&A deals

European shares led higher by mining sector and spate of M&A deals

European shares rose on Monday, led by mining stocks and a spate of dealmaking activity. Investors stayed cautious ahead of Wednesday's Dutch election and an expected US rate hike, as well as a G20 finance ministers' meeting on Friday. The pan-European ST
Published 14 Mar, 2017 12:00am
Australian shares down; New Zealand up

Australian shares down; New Zealand up

Australian shares ended lower on Monday, led by financials, with investors cautious ahead of a US central bank policy meeting expected to deliver a rate hike later this week. The S&P/ASX 200 index fell 18.3 points or 0.32 percent to 5,757.3 at the close o
Published 14 Mar, 2017 12:00am
Sri Lankan shares hit five-week low

Sri Lankan shares hit five-week low

Sri Lankan shares hit a five-week closing low on Monday on worries the country's central bank would raise interest rates at a meeting next week after the International Monetary Fund urged it to tighten monetary policy, brokers said. The Colombo stock inde
Published 14 Mar, 2017 12:00am
Miners support FTSE, M&A sends mid caps to record high
Currency

Miners support FTSE, M&A sends mid caps to record high

British shares started the week on a firm footing as mining stocks rallied, with deal-making helping the mid cap index to a record high. The blue chip FTSE 100 index ended the day up 0.3 percent at 7,367.08 points, while the FTSE 250 gained 0.4 percent, p
Published 14 Mar, 2017 12:00am
Sri Lankan rupee falls
Currency

Sri Lankan rupee falls

The Sri Lankan rupee weakened on Monday due to importer dollar demand, with the market awaiting inflows from sovereign and development bonds to see if the local currency would reverse its falling trend, dealers said. Rupee forwards were active, with two-w
Published 14 Mar, 2017 12:00am
Women's rights under assault worldwide: UN chief

Women's rights under assault worldwide: UN chief

Women's rights are under fresh assault worldwide, UN Secretary-General Antonio Guterres warned Monday as a two-week conference kicked off at the United Nations to take stock of the fight for gender equality. President Donald Trump's "global gag rule" cutt
Published 14 Mar, 2017 12:00am
EU extends sanctions over Ukraine crisis for six months

EU extends sanctions over Ukraine crisis for six months

The European Union on Monday prolonged by another six months sanctions against Russian and Ukrainian individuals over their role in the Ukraine crisis. The asset freezes and travel bans were first introduced in early 2014 as the crisis deepened into outri
Published 14 Mar, 2017 12:00am
Scotland plans new independence vote as May readies Brexit

Scotland plans new independence vote as May readies Brexit

The risks to Britain of its vote to leave the EU were laid bare on Monday when Scotland's nationalist government announced a new independence vote, pre-empting this week's expected start of the Brexit process. Prime Minister Theresa May could announce as
Published 14 Mar, 2017 12:00am
More than 1,500 children dead in two years of Yemen war: UN

More than 1,500 children dead in two years of Yemen war: UN

The conflict in Yemen has killed nearly 7,700 people, including at least 1,564 children, since a Saudi-led coalition intervened on the government's side two years ago, UN agencies said Monday. The UN children's agency UNICEF said that by March 10, at leas
Published 14 Mar, 2017 12:00am
'Fighting extremism' top priority: Assad

'Fighting extremism' top priority: Assad

Syria's future will be decided only after "getting rid of extremists" and achieving political reconciliation, the country's President Bashar al-Assad said in an interview published Monday. As the war that has ravaged his country approaches its seventh yea
Published 14 Mar, 2017 12:00am
Blast destroys telecom company bus in Kabul

Blast destroys telecom company bus in Kabul

A suicide car bomber rammed into a bus carrying employees of one of Afghanistan's biggest telecom companies during rush hour Monday, officials said, just days after a deadly insurgent assault on Afghanistan's biggest military hospital. At least one woman
Published 14 Mar, 2017 12:00am
US military deploys attack drone to South Korea

US military deploys attack drone to South Korea

The US Army is permanently stationing an attack drone system and its support personnel in South Korea amid ongoing tensions with the North, a Pentagon spokesman said Monday. Officials said the deployment, due by next year, was not unique to South Korea an
Published 14 Mar, 2017 12:00am
Chinese ships allowed to survey Philippine territory: Duterte

Chinese ships allowed to survey Philippine territory: Duterte

Philippine President Rodrigo Duterte said Monday he had agreed to allow Chinese surveillance ships into Filipino waters, contradicting his defence minister who described their presence as "very concerning". Duterte also told reporters he did not want to h
Published 14 Mar, 2017 12:00am
Green light given for Egypt's Mubarak to walk free

Green light given for Egypt's Mubarak to walk free

The release of Egypt's ex-president Hosni Mubarak approved on Monday ends "talk of the Arab Spring" uprising that toppled him in 2011 after 30 years in power, an analyst said. An Egyptian prosecutor approved a request by Mubarak's lawyer for his release a
Published 14 Mar, 2017 12:00am
Two foreign UN experts kidnapped in DR Congo

Two foreign UN experts kidnapped in DR Congo

Two foreign experts from the United Nations have been kidnapped in the violence-wracked central Kasai region of the Democratic Republic of Congo, UN and Congolese sources said Monday. "What we can say for now is that two members of our Group of Experts ar
Published 14 Mar, 2017 12:00am
India's defence minister quits to lead Goa state

India's defence minister quits to lead Goa state

India's defence minister resigned Monday to lead the coastal state of Goa after Prime Minister Narendra Modi's party secured enough support from minor parties to retain power in the popular tourist region. Manohar Parrikar will be sworn in as Goa's chief
Published 14 Mar, 2017 12:00am
Nato head says more defence spending 'essential' to US ties

Nato head says more defence spending 'essential' to US ties

Nato chief Jens Stoltenberg on Monday told allies to boost defence spending, as demanded by US President Donald Trump, if they want to preserve crucial transatlantic defence ties. "This is essential for the continued strength of the transatlantic bond on
Published 14 Mar, 2017 12:00am
Euro moves to one-month high in Asia
Currency

Euro moves to one-month high in Asia

The euro firmed to one-month highs against the dollar in Asian trading on Monday, after some European Central Bank policymakers raised the possibility of hiking interest rates before bond purchases end. The euro was up 0.2 percent at $1.0699, after rising
Published 14 Mar, 2017 12:00am
Early trade in New York: Dollar inches higher
Currency

Early trade in New York: Dollar inches higher

The dollar edged higher from two-week lows on Monday, recovering after Friday's bout of profit-taking following a robust US jobs report, as investors looked to this week's Federal Reserve's policy meeting in which it is expected to raise rates by a quarte
Published 14 Mar, 2017 12:00am
Dollar steadies in European trade
Currency

Dollar steadies in European trade

The dollar recovered a foothold on Monday after its worst three days of losses since early December, the impact of higher US market interest rates turning it positive on the day against both the euro and a basket of currencies. Sterling, along with the Ca
Published 14 Mar, 2017 12:00am
Asian currencies gain some respite

Asian currencies gain some respite

Asian currencies edged higher on Monday as the dollar lost some of its shine as weak US wage growth tempered expectations for a spate of interest rate increases. The moves in Asian currencies were cautious, however, ahead of a US Federal Reserve meeting o
Published 14 Mar, 2017 12:00am
China's yuan rises

China's yuan rises

China's yuan firmed against the dollar on Monday as the greenback slid in global markets and as traders awaited further comments from policymakers at the annual session of parliament. The People's Bank of China set the midpoint rate at 6.8988 per dollar p
Published 14 Mar, 2017 12:00am
Sterling gains as Scots seek new independence vote next year
Currency

Sterling gains as Scots seek new independence vote next year

Sterling gained broadly against major currencies on Monday, after Scotland's First Minister Nicola Sturgeon demanded a fresh Scottish independence referendum but said it should take place at the earliest in late 2018. The pound was up 0.6 percent on the d
Published 14 Mar, 2017 12:00am
Aussie, kiwi slip
Currency

Aussie, kiwi slip

The Australian and New Zealand dollars slipped against the euro on Monday as the single currency got a boost from reports the European Central Bank was preparing the ground for a gradual phasing out of its aggressive stimulus measures. The euro rose for a
Published 14 Mar, 2017 12:00am
Balochistan Football Cup in full swing

Balochistan Football Cup in full swing

As round matches of Balochistan Football Cup 2017 goes in full swing on the fourth day, the football fraternity in the province once again relishes the game in true spirit. On a league basis, the matches have been carried out in six divisional head-quarte
Published 14 Mar, 2017 12:00am
Atletico buy new stadium for 30 million euros

Atletico buy new stadium for 30 million euros

Atletico Madrid have reached agreement to buy La Peineta Stadium from city authorities for 30 million euros, Madrid Town Hall announced on Monday. The Spanish giants will move from the Vicente Calderon, their home for 50 years, to the new stadium to be re
Published 14 Mar, 2017 12:00am
Ramos strikes again

Ramos strikes again

Real Madrid captain Sergio Ramos struck another late winner as the European champions usurped Barcelona at the top of La Liga with a hard-fought 2-1 win over Real Betis on Sunday. Earlier, Barca boss Luis Enrique accepted his side had struggled to shrug o
Published 14 Mar, 2017 12:00am
Bangladesh hope to break losing streak in 100th Test

Bangladesh hope to break losing streak in 100th Test

Bangladesh will be looking to overcome their recent dismal form as the perennial minnows try to make their 100th Test appearance an occasion to celebrate against Sri Lanka in Colombo. Test cricket's newest entrants have showed occasional promise since the
Published 14 Mar, 2017 12:00am
Malawi pull out of competitions over cash shortage

Malawi pull out of competitions over cash shortage

Malawi have pulled out of the 2019 Africa Cup of Nations (AFCON) and the 2018 African Nations Championship (CHAN) due to lack of money, in a move the government criticised as "hasty". The Football Association of Malawi (FAM) said in a statement on Sunday
Published 14 Mar, 2017 12:00am
Bolt to skip World Relays

Bolt to skip World Relays

Usain Bolt is poised to skip next month's IAAF World Relays in the Bahamas as he prepares to retire from the sport later this year. The reigning Olympic 100m and 200m champion told reporters at a track meeting in Kingston on Saturday that he was unlikely
Published 14 Mar, 2017 12:00am
Durban stripped of 2022 Commonwealth Games

Durban stripped of 2022 Commonwealth Games

The 2022 Commonwealth Games will no longer take place in Durban, South Africa, the BBC and other British media reported Monday. South Africa sports minister Fikile Mbalula indicated that the government might withdraw its financial support because of the c
Published 14 Mar, 2017 12:00am
Muguruza, Pliskova advance

Muguruza, Pliskova advance

French Open champion Garbine Muguruza survived a fierce challenge from US teenager Kayla Day Sunday to reach the fourth round of the WTA Indian Wells hard court tournament. The seventh-seeded Spaniard had to dig in to subdue the hard-hitting Californian 3
Published 14 Mar, 2017 12:00am
Fame Football Club win

Fame Football Club win

Fame Football Club (FCC) emerged victorious in 'Dr Akhlaq Memorial Football Tournament' defeating LUMS Football Club in the final 2:0. Usman Ghani of FCC was declared man of the match and man of the tournament while goal keeper Nawazish Ali of Fame Footba
Published 14 Mar, 2017 12:00am
Djokovic, Federer, Nadal advance at Indian Wells

Djokovic, Federer, Nadal advance at Indian Wells

Novak Djokovic launched his bid for a sixth ATP Indian Wells Masters crown with a two-set triumph over Kyle Edmund as the stars shone Sunday in the California desert. The 46th-ranked Edmund served for the second set at 5-3, but world number two Djokovic b
Published 14 Mar, 2017 12:00am
PCB vows to purge menace of match fixing

PCB vows to purge menace of match fixing

Pakistan Cricket Board (PCB) chairman Shaharyar M. Khan has expressed his firm resolve to purge the menace of match fixing from cricket by following a zero-tolerance policy. "If any player is found guilty of match fixing, his career will be over," Shahary
Published 14 Mar, 2017 12:00am
Shanghai copper jumps

Shanghai copper jumps

The most-traded copper on the Shanghai Futures Exchange jumped 2.2 percent to close at 47,560 yuan ($6,887) a tonne on Monday. Zinc in Shanghai climbed 3.3 percent to 22,550 yuan a tonne and Shanghai aluminium added 0.7 percent to 13,880 yuan. Workers at
Published 14 Mar, 2017 12:00am
Peru strike helps lift copper

Peru strike helps lift copper

The price of copper rose 1 percent on Monday to its highest level in over two weeks, buoyed mostly by supply disruptions after workers at Peru's top copper miner downed tools indefinitely late last week. Workers at Freeport-McMoRan's Cerro Verde in Peru s
Published 14 Mar, 2017 12:00am
Kazakhstan's oil output in exceeds level agreed with Opec

Kazakhstan's oil output in exceeds level agreed with Opec

Kazakhstan's oil production in February exceeded its agreed limit under an Opec-led deal to cut output and support prices, official Kazakh data showed on Monday. The central Asian country's output of oil and gas condensate rose 2 percent last month from J
Published 14 Mar, 2017 12:00am
Oil extends losses to three-month lows, tests slide

Oil extends losses to three-month lows, tests slide

Oil prices were steady to soft after touching three-month lows on Monday, testing a slide that began last week when the market became less optimistic that Opec's efforts to restrict output would reduce a global oil glut amid swelling US supplies. Prices h
Published 14 Mar, 2017 12:00am
Tokyo rubber bounces back

Tokyo rubber bounces back

Benchmark Tokyo rubber futures came of early falls to extend gains into a second session on Monday, as Shanghai futures recovered from a near four-month trough. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southea
Published 14 Mar, 2017 12:00am
Palm oil declines

Palm oil declines

Malaysian palm oil futures fell for a third consecutive session to reach the weakest level in more than four months, tracking declining soyaoil on Monday evening. Benchmark palm oil futures for May delivery on the Bursa Malaysia Derivatives Exchange dropp
Published 14 Mar, 2017 12:00am
Cocoa surges four percent on short-covering above support level

Cocoa surges four percent on short-covering above support level

Cocoa futures on ICE surged in heavy volume on Monday, after a wave of buying lifted prices further above technical support levels that spurred short-covering, with the London market seeing its biggest one-day jump since 2012. The US markets opened one ho
Published 14 Mar, 2017 12:00am
Gold edges up in Asia

Gold edges up in Asia

Gold edged up on Monday on safe-haven demand ahead of elections in Europe, moving further away from five-week lows touched late last week in expectation of an imminent rise in US interest rates. Spot gold had climbed 0.3 percent to $1,208.61 per ounce by
Published 14 Mar, 2017 12:00am
Gold steadies in European trade
Currency

Gold steadies in European trade

Gold steadied on Monday as uncertainty created by elections in Europe fuelled investor interest, while the prospect of imminent rate rises later this week kept prices near the five-week lows touched last week. Spot gold was flat at $1,204.5 an ounce at 12
Published 14 Mar, 2017 12:00am
US MIDDAY: wheat falls

US MIDDAY: wheat falls

US wheat futures fell more than 2 percent early on Monday on improving weather forecasts for the southern Plains winter wheat belt, analysts said. Corn futures followed wheat lower while soyabeans were choppy, consolidating near two-month lows set last we
Published 14 Mar, 2017 12:00am
US MIDDAY: gold slips
Currency

US MIDDAY: gold slips

Gold prices slipped on Monday as the prospect of imminent interest rate rises kept them near the five-week lows touched last week. However, losses were limited by elections in Europe creating uncertainty and fuelling investor buying. Spot gold was down 0.
Published 14 Mar, 2017 12:00am
Indus Motors Company Limited (INDU)

Indus Motors Company Limited (INDU)

Across the world, the auto industry is known as the backbone of the manufacturing economy; and one of the largest providers of jobs. Pakistan's auto industry has had a slow incline with more dives than peaks but exciting times are ahead for the industry n
Published 14 Mar, 2017 12:00am
Indus Motors Company Limited (INDU)

Indus Motors Company Limited (INDU)

Across the world, the auto industry is known as the backbone of the manufacturing economy; and one of the largest providers of jobs. Pakistan's auto industry has had a slow incline with more dives than peaks but exciting times are ahead for the industry n
Published 14 Mar, 2017 12:00am
French professors visit Government College University

French professors visit Government College University

A delegation of senior professors from French universities Monday visited the Government College University Lahore (GCU) to explore opportunities for the joint degree programs, research collaborations and students' cultural exchange. The visit was organis
Published 14 Mar, 2017 12:00am
OPC holds road shows in five different countries

OPC holds road shows in five different countries

The Overseas Pakistanis Commission (OPC) Punjab has successfully held Road Shows in five different countries including United Kingdom, Bahrain, Qatar, Dubai and Saudi Arabia. The purpose of these Road Shows was to sensitise overseas Pakistanis about inves
Published 14 Mar, 2017 12:00am
Concrete steps taken for women's empowerment, says Punjab minister

Concrete steps taken for women's empowerment, says Punjab minister

Provincial Minister for Women's Development Hameeda Waheed ud Din has said the government has taken a number of concrete steps for women empowerment with a view to bring them into the national mainstream. She was speaking at the inauguration of day-care c
Published 14 Mar, 2017 12:00am
Ginners' bank accounts frozen in Hyderabad and Sukkur
Cotton

Ginners' bank accounts frozen in Hyderabad and Sukkur

Regional Tax offices of Hyderabad, Sukkur and other cities have frozen the bank accounts of ginners and started deduction of taxes from their accounts which are not due against them, causing severe unrest among the ginners of Sindh province. Chairman of P
Published 14 Mar, 2017 12:00am
Cellular company refuses to provide data of alleged criminals

Cellular company refuses to provide data of alleged criminals

A cellular company has refused to provide criminal data to the Federal Investigation Agency (FIA) for the purpose of investigation, saying the agency should come up trough a 'proper channel', official sources privy to the information told Business Reco
Published 14 Mar, 2017 12:00am
PU vice chancellor asks students to adopt positive activities

PU vice chancellor asks students to adopt positive activities

Vice Chancellor of Punjab University Professor Zafar Mueen Nasir has urged students to give message of hope to the country and nation through positive activities. He was addressing the inaugural ceremony of mini Olympics at Punjab University College of In
Published 14 Mar, 2017 12:00am
FIR lodged against PML-N MNA in PPP leader's murder case

FIR lodged against PML-N MNA in PPP leader's murder case

Relatives of slain PPP leader Babar Sohail Butt lodged an FIR against three persons including Pakistan Muslim League-Nawaz (PML-N) leader Sohail Shaukat Butt Monday. Babar Sohail Butt was critically injured by gunmen who barged into his house late Sunday
Published 14 Mar, 2017 12:00am
National economy strengthened, says Shahbaz

National economy strengthened, says Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that PML-N government is utilizing all available resources for the welfare of people. Talking to a party delegation here on Monday, Shahbaz said the national economy of Pakistan has been strengthened
Published 14 Mar, 2017 12:00am
Tax culture: new generation of businessmen carry positive thinking

Tax culture: new generation of businessmen carry positive thinking

Chief Commission Regional Tax Office-II Kh Adnan Zahir said the new generation of businessmen are positive to the tax culture because of their educational background. "They have international educational background and carry a positive thinking towards th
Published 14 Mar, 2017 12:00am
'Poets, intellectuals play vital role in changing destiny of nations'

'Poets, intellectuals play vital role in changing destiny of nations'

Governor Punjab, Malik Muhammad Rafique Rajwana has said that the world history is witnessed to the fact that poets, intellectuals, philosophers and artists have played an important role in changing the destiny of the nations. Their intellectual ideas and
Published 14 Mar, 2017 12:00am
PepsiCo renews commitment to empowering women

PepsiCo renews commitment to empowering women

PepsiCo celebrated International Women's Day at its Head Office with an interactive session, which brought together women of diverse backgrounds to speak about their challenges and accomplishments. This year's theme for International Women's Day was "Be b
Published 14 Mar, 2017 12:00am
Railways will approach Supreme Court against Sindh, Punjab governments

Railways will approach Supreme Court against Sindh, Punjab governments

Pakistan Railways would approach the Supreme Court of Pakistan (SCP) against the Sindh and Punjab governments for not transferring its land back to the department. The Khyber Pakhtunkhwa government has already transferred land to Pakistan Railways while B
Published 14 Mar, 2017 12:00am
OGDCL discovers gas at Chhutto well

OGDCL discovers gas at Chhutto well

Oil and Gas Development Company Limited (OGDCL) has discovered Gas and Condensate from its Exploratory Well Chhutto No.1, which is located in District Hyderabad, Sindh Province. OGDCL is the operator of joint venture of Nim Block having 95 percent share a
Published 14 Mar, 2017 12:00am
Lucky Cement opens 5th waste heat recovery unit in Lakki Marwat

Lucky Cement opens 5th waste heat recovery unit in Lakki Marwat

Lucky Cement Limited has inaugurated its fifth Waste Heat Recovery Unit in Pezu district Lakki Marwat in Khyber Pakhtunkhwa. Under this project, two cement production lines with a daily output of 2,400 tons were used, which will offer installed power of 1
Published 14 Mar, 2017 12:00am
PAJCCI delegation meets Afghan envoy, NSA

PAJCCI delegation meets Afghan envoy, NSA

A delegation of Pakistan- Afghanistan Joint Chamber of Commerce and Industry (PAJCCI) has landed in Islamabad aimed at defusing tensions between the two countries and restoring trade suspended after closure of borders on February 16, 2017 in the aftermath
Published 14 Mar, 2017 12:00am
Pakistan reiterates support for unity, sovereignty of Yemen: Sartaj

Pakistan reiterates support for unity, sovereignty of Yemen: Sartaj

Pakistan on Monday reiterated its support to unity, sovereignty and territorial integrity of the war-torn Yemen and pledged its continued possible assistance for complete restoration of peace in the Middle Eastern country. This was conveyed to the visitin
Published 14 Mar, 2017 12:00am
College students meet CoAS

College students meet CoAS

A contingent of 40 college students from remote areas across the country met with Chief of Army Staff Genreal Qamar Javed Bajwa on Monday as part of CoAS Youth Encouragement Programme. The CoAS termed youth as Pakistan's most precious asset and urged them
Published 14 Mar, 2017 12:00am
Pakistan likely to be included in BRICS Plus

Pakistan likely to be included in BRICS Plus

China has hinted at expanding Brazil, Russia, India, China and South Africa (BRICS) Plus with suggestion to include rising economies like Pakistan, Sri Lanka, Mexico, Iran, Turkey, Nigeria, Philippine, Bangladesh, Vietnam and Indonesia.
Published 14 Mar, 2017 12:00am
Pakistani navy ships arrive at Bandar Abbas

Pakistani navy ships arrive at Bandar Abbas

Pakistan Navy ships Tippu Sultan (DDG-185) with an embarked helicopter (Alouette) and Jurrat arrived at Iranian Port Bandar Abbas in Persian Gulf on Sunday for a three days port visit. The ships were given a very warm welcome on arrival at Port Bandar Abb
Published 14 Mar, 2017 12:00am
MoU signed for development of Azad Kashmir's marble & granite sector

MoU signed for development of Azad Kashmir's marble & granite sector

Pakistan Stone Development Company (PASDEC) will develop Marble and Granite sector of Azad Jammu and Kashmir through implementation of modern quarrying methods, establishment of Marble & Granite Industrial Estates (Marble Cities), Machinery Pools, warehou
Published 14 Mar, 2017 12:00am
SSC considers 22 new seed varieties
Cotton

SSC considers 22 new seed varieties

The Sindh Seed Council (SSC) will consider 22 new seed varieties of different crops, including 9 of cotton for general cultivation, to enhance per acre production of major cash crop, it is learnt. The SSC is scheduled to meet on Wednesday (tomorrow) to be
Published 14 Mar, 2017 12:00am
Arrangements for population census in KP, Fata completed

Arrangements for population census in KP, Fata completed

All arrangements have been completed for smooth and peaceful holding of the sixth national population census in Khyber Pakthunkhwa and FATA that would start from Wednesday (tomorrow). According to Saeedur Rehman, Assistant Census Commissioner, all arrange
Published 14 Mar, 2017 12:00am
Hajj, Umrah, visit visas: Saudi Arabia introduces new laws

Hajj, Umrah, visit visas: Saudi Arabia introduces new laws

Saudi Arabia has introduced new laws for Hajj, Umrah, work permit and visit visas. The new laws have been implemented with immediate effect. Heavy punishments and fines have been proposed for those staying after expiry of visas. A plenty of 25000 Riyal fo
Published 14 Mar, 2017 12:00am
Hajj, Umrah, visit visas: Saudi Arabia introduces new laws

Hajj, Umrah, visit visas: Saudi Arabia introduces new laws

Saudi Arabia has introduced new laws for Hajj, Umrah, work permit and visit visas. The new laws have been implemented with immediate effect. Heavy punishments and fines have been proposed for those staying after expiry of visas. A plenty of 25000 Riyal fo
Published 14 Mar, 2017 12:00am
HMMMCPL granted authorization to float another modaraba

HMMMCPL granted authorization to float another modaraba

The SECP has issued formal authorization to Habib Metropolitan Modaraba Management Company (Private) Limited (HMMMCPL), a wholly owned subsidiary company of Habib Metropolitan Bank Limited (HMBL), to float another modaraba of Rs 300 million under the name
Published 14 Mar, 2017 12:00am
HMMMCPL granted authorization to float another modaraba

HMMMCPL granted authorization to float another modaraba

The SECP has issued formal authorization to Habib Metropolitan Modaraba Management Company (Private) Limited (HMMMCPL), a wholly owned subsidiary company of Habib Metropolitan Bank Limited (HMBL), to float another modaraba of Rs 300 million under the name
Published 14 Mar, 2017 12:00am
Chinese troops, Turkish band to take part in Pakistan Day parade

Chinese troops, Turkish band to take part in Pakistan Day parade

Chinese army troops and Turkish military band will participate in the Pakistan Day military parade for the first time in Islamabad on March 23. This was confirmed by Director General Inter-Services Public Relations (DG ISPR) Major General Asif Ghafoor in
Published 14 Mar, 2017 12:00am
Amendment in Protection of Economic Reforms Act 1992 suggested

Amendment in Protection of Economic Reforms Act 1992 suggested

Overseas Investors Chamber of Commerce and Industry (OICCI) has recommended that Finance Bill (2017-18) should amend the Protection of Economic Reforms Act 1992 to curb the practice of remitting undeclared income through unofficial channels outside Pakist
Published 14 Mar, 2017 12:00am
APCA backs BSE chairman's measures

APCA backs BSE chairman's measures

All Pakistan Clerks Association (APCA), Board of Secondary Education Karachi (BSE) Unit has showed full confidence on the measures taken by Professor Dr Saeeddin, chairman BSE for the examination 2017. APCA-BSE president Abdul Wahab Lakho and other office
Published 14 Mar, 2017 12:00am
Reham inaugurates first free WiFi villages of Tharparkar

Reham inaugurates first free WiFi villages of Tharparkar

With an aim to make people empowered through access to information, the Sindh Engro Coal Mining Company (SECMC) with the support of Wateen Telecom inaugurated first Free WiFi villages of Tharparkar, Sindh. The inauguration was performed by SECMC CEO, Sham
Published 14 Mar, 2017 12:00am
Sindh Transparency, Right to Information Bill adopted by PA

Sindh Transparency, Right to Information Bill adopted by PA

The Sindh Assembly on Monday finally adopted "The Sindh Transparency and Right to Information Bill 2016" into law with a unanimous vote to authorise citizens to have access to needed information, data, facts, etc. Under the adopted bill, the Sindh Informa
Published 14 Mar, 2017 12:00am
Bilawal condemns murder of PPP politician

Bilawal condemns murder of PPP politician

Chairman Pakistan People's Party Bilawal Bhutto Zardari has condemned murder of PPP leader Babar Suhail Butt in Lahore and accused Nawaz government of letting out terror groups against the PPP workers across Punjab. In a statement issued here, the PPP Cha
Published 14 Mar, 2017 12:00am
PSQCA seizes five unregistered food items

PSQCA seizes five unregistered food items

The officials of Pakistan Standards and Quality Control Authority (PSQCA) said that five unregistered food items were seized in a raid conducted the mobile testing team in Gulshan-e-Iqbal's Bachat Bazaar on Sunday. "Our team seized five food items includi
Published 14 Mar, 2017 12:00am
PESCO team arrests 152 more power pilferers

PESCO team arrests 152 more power pilferers

Peshawar Electricity Supply Company (PESCO) Surveillance team raided in different areas of Peshawar Circle and nabbed 152 more power pilferers. On the directives of the Chief Executive, PESCO Engineer Shabir Ahmad, drive against illegal use of electricity
Published 14 Mar, 2017 12:00am
Implementation of fixed minimum daily wages demanded

Implementation of fixed minimum daily wages demanded

Leaders of different labour organisations have demanded the reinstatement of the services of workers of various local and foreign firms and implementation of fixed minimum daily wages in factories. They warned if their demands will not accept till March 2
Published 14 Mar, 2017 12:00am
Will, vision described as panacea for all social evils

Will, vision described as panacea for all social evils

Sindh University Vice-Chancellor Professor Dr Fateh Muhammad Burfat distributed certificates among participants of a training workshop at the concluding ceremony held in the Senate Hall of Ghulam Mustafa Shah Administration Building, University of Sindh,
Published 14 Mar, 2017 12:00am
FBR to launch crackdown on 21,000 'nil' return filers

FBR to launch crackdown on 21,000 'nil' return filers

Federal Board of Revenue (FBR) is going to launch a massive crackdown against 21,000 'nil' return filers including traders, industrialists, high income individuals and others from March 14, 2017 (today).
Published 14 Mar, 2017 12:00am
OICCI for increasing FDI, improving foreign investors' perception

OICCI for increasing FDI, improving foreign investors' perception

Overseas Investors Chamber of Commerce and Industry (OICCI) has asked the budget makers to draft tax policy for 2017-18 in a way to increase Foreign Direct Investment (FDI) and improve perception of foreign investors' regarding the business environment of
Published 14 Mar, 2017 12:00am
TQK demands tribal women's participation in Fata reform process

TQK demands tribal women's participation in Fata reform process

TQK Takrah Qabaili Khwenday (brave tribal sisters) has demanded the government to ensure participation of tribal women in the Fata reforms process to make the Fata-KP integration decision a success. The demand was made by TQK member, Nadeed Afridi while a
Published 14 Mar, 2017 12:00am
CoAS attends KP Special Apex body meeting

CoAS attends KP Special Apex body meeting

KP special Apex Committee meeting was held on Monday with Chief of the Army Staff (CoAS) General Qamar Javed Bajwa as special participant. All civil and military members including Governor & CM KP and Commander Peshawar Corps participated. The forum revie
Published 14 Mar, 2017 12:00am
BMC celebrates top performers' achievements

BMC celebrates top performers' achievements

BMC group in partnership with Reuters celebrated achievements of their top performers at the Annual Performance Celebrations, here the other night. BMC says the event marked yet another milestone for the organisation that provides innovative software solu
Published 14 Mar, 2017 12:00am
Kachhi canal: revised PC-I approved by Dar

Kachhi canal: revised PC-I approved by Dar

An unprecedented increase of 40 per cent in the cost of Kachhi Canal project has been witnessed during the tenure of the present government, with cost escalating from Rs 57 billion to Rs 80 billion. Sources said that Finance Minister Ishaq Dar has approve
Published 14 Mar, 2017 12:00am
CDC becomes Pakistan's first ISO 22301 certified company

CDC becomes Pakistan's first ISO 22301 certified company

Central Depository Company of Pakistan Limited (CDC) has become Pakistan's first and only organization to be certified with the ISO22301 international standard for its Business Continuity Management program. This certification has been awarded by SGS Paki
Published 14 Mar, 2017 12:00am