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Oct 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-03-16
Gold up in Asia

Gold up in Asia

Gold prices edged up on Wednesday on safe-haven buying due to uncertainty over the outcome of Dutch elections, while markets waited for clues on the pace of US interest rate hikes this year. With an immediate rate increase by the Federal Reserve seen as a
Published 16 Mar, 2017 12:00am
Gold rises in Europe

Gold rises in Europe

Gold prices edged up on Wednesday as the market waited for more clues on how many times the US Federal Reserve will raise interest rates this year and on uncertainty over the outcome of Dutch elections. With an immediate US rate increase seen as a done de
Published 16 Mar, 2017 12:00am
Wheat, corn and soya up

Wheat, corn and soya up

US wheat, corn and soyabean futures firmed on Wednesday, supported by bargain buyers stepping into the market following declines to multi-week lows on Tuesday, traders said. Wheat notched the biggest gain, with the most-active Chicago Board of Trade soft
Published 16 Mar, 2017 12:00am
US MIDDAY: gold soars

US MIDDAY: gold soars

Gold edged up early on Wednesday on a weaker dollar and uncertainty over the outcome of Dutch elections, although losses were slight as the market awaited clues from the Federal Reserve on the interest rate outlook. With an immediate US rate increase seen
Published 16 Mar, 2017 12:00am
Zimbabwe mines output threatened by foreign payment delays
Currency

Zimbabwe mines output threatened by foreign payment delays

Zimbabwe's mining output is under threat because banks are delaying processing foreign payments by up to three months due to a shortage of dollars, the southern African country's mining chamber warned on Monday. Mining generates more than half of Zimbabwe
Published 16 Mar, 2017 12:00am
Can Africa deal with an expected boom in demand for meat?

Can Africa deal with an expected boom in demand for meat?

Africa is set to experience a unprecedented boom in demand for animal foods over the coming decades that if not properly managed could lead to the spread of new diseases, damage the environment and affect people's livelihoods, experts say. The United Nati
Published 16 Mar, 2017 12:00am
South Korea's KOGAS to seek more flexible LNG contracts: CEO

South Korea's KOGAS to seek more flexible LNG contracts: CEO

Korea Gas Corp (KOGAS), the world's second-biggest liquefied natural gas (LNG) buyer, will seek flexible contracts to have more leeway to trade its LNG cargoes down the road, its chief executive told Reuters on Friday. The changes would follow similar eff
Published 16 Mar, 2017 12:00am
Rising food prices push up Indian February retail inflation

Rising food prices push up Indian February retail inflation

Indian retail price inflation picked up in February, after having cooled the previous month to its lowest in at least five years, supporting the view that the Reserve Bank of India (RBI) no longer has room to ease monetary policy. Last month, the central
Published 16 Mar, 2017 12:00am
18,000 apply for 250 jobs in Ikea in Serbia

18,000 apply for 250 jobs in Ikea in Serbia

Nearly 18,000 people have applied for 250 jobs at Serbia's first Ikea store, which opens later this year, the company said Monday. The Swedish home furnishings giant has tallied 17,775 applications, most from Belgrade locals who would have a quick commute
Published 16 Mar, 2017 12:00am
Norway cuts oil investment forecast

Norway cuts oil investment forecast

Investments by Norway's oil industry will decline more than expected in 2017 and economic growth is now seen fractionally lower than forecast, the country's finance ministry said on Tuesday at the start of a three-day government budget meeting.
Published 16 Mar, 2017 12:00am
Turkey 'expels Dutch cows' amid diplomatic crisis

Turkey 'expels Dutch cows' amid diplomatic crisis

Turkey's red meat association has ordered a consignment of prize Dutch cattle to be sent back to the Netherlands, saying it no longer wants to farm the cows due to the diplomatic crisis between the countries. Bulent Tunc, the head of the Turkish Associati
Published 16 Mar, 2017 12:00am
Turkish November-January unemployment hits highest in almost seven years

Turkish November-January unemployment hits highest in almost seven years

Turkey's unemployment rate hit its highest level in almost seven years in the November-January period, reaching 12.7 percent, official data showed on Wednesday, with youth unemployment at nearly double that figure. The data comes a month before a referend
Published 16 Mar, 2017 12:00am
Self-proclaimed 'King of Germany' jailed for fraud

Self-proclaimed 'King of Germany' jailed for fraud

A German court on Wednesday sentenced Peter Fitzek, the self-declared "King of Germany", to jail for setting up an illegal bank and embezzling up 1.3 million euros of deposits. Fitzek had installed his "kingdom" on the site of a former hospital in the eas
Published 16 Mar, 2017 12:00am
EU tightens food industry oversight after horsemeat scandal

EU tightens food industry oversight after horsemeat scandal

The EU on Wednesday toughened oversight of the food industry in Europe, including unannounced inspections, as euro MEPs approved legislation to prevent a repeat of a horsemeat scandal. Millions of Europeans in 2013 were shocked to learn that a long list o
Published 16 Mar, 2017 12:00am
LuxLeaks whistleblowers get reduced sentences

LuxLeaks whistleblowers get reduced sentences

A Luxembourg court on Wednesday gave reduced sentences on appeal to two "Luxleaks" whistleblowers convicted of leaking thousands of documents that revealed tax breaks for multinational firms. Former Pricewater-houseCoopers employee Antoine Deltour, 31, re
Published 16 Mar, 2017 12:00am
Europe will not implement new Basel bank rules unilaterally: Bundesbank

Europe will not implement new Basel bank rules unilaterally: Bundesbank

Europe will not implement stricter bank regulation, known as Basel III, unless the United States also signs up to the deal, Bundesbank board member Andreas Dombret said on Wednesday, arguing that the recent debate about deregulation was worrisome. "If the
Published 16 Mar, 2017 12:00am
British finance minister in budget tax U-turn

British finance minister in budget tax U-turn

Britain's finance minister Philip Hammond announced a shock U-turn over planned tax hikes for the self-employed on Wednesday, one week after unveiling the measure in his flagship budget. Hammond, a key member of Prime Minister Theresa May's Conservative g
Published 16 Mar, 2017 12:00am
British unemployment hits 41-year low

British unemployment hits 41-year low

Britain's unemployment rate has struck the lowest level for more than 41 years, official data showed on Wednesday as the country prepares to trigger its exit from the EU. However a drop in the jobless rate comes alongside news of slowing wages growth.
Published 16 Mar, 2017 12:00am
US retail sales weakest in six months; inflation firming

US retail sales weakest in six months; inflation firming

US retail sales recorded their smallest increase in six months in February as households cut back on motor vehicle purchases and discretionary spending, the latest indication that the economy lost further momentum in the first quarter. Other data on Wedne
Published 16 Mar, 2017 12:00am
Top Japan firms hike wages at slowest pace in years

Top Japan firms hike wages at slowest pace in years

Some of Japan's top companies announced their lowest wage hikes in years on Wednesday, marking the latest challenge for Tokyo's bid to boost spending and the economy. Toyota, which employees nearly 350,000 in Japan, offered a base pay hike of 1,300 yen ($
Published 16 Mar, 2017 12:00am
Fed raises rates

Fed raises rates

The US Federal Reserve raised interest rates on Wednesday for the second time in three months, a move spurred by steady economic growth, strong job gains and confidence that inflation is rising to the central bank's target. The decision to lift the target
Published 16 Mar, 2017 12:00am
Gulf markets mixed but banks buoy Saudi index
Cotton

Gulf markets mixed but banks buoy Saudi index

Gulf stock markets were mixed on Wednesday but Saudi Arabia was boosted by banks after credit rating agency Moody's raised its outlook for the kingdom's banking system to "stable" from "negative". The Saudi stock index climbed 0.7 percent as 11 of the 12
Published 16 Mar, 2017 12:00am
Tokyo stocks down

Tokyo stocks down

Tokyo stocks fell Wednesday with energy firms down on weak oil prices as investors await the conclusion of a Federal Reserve meeting, while loss-hit Toshiba plunged on fears over its future. While the US central bank is considered odds-on to tighten borro
Published 16 Mar, 2017 12:00am
Energy drags on Wall Street as oil falls further; airlines slide

Energy drags on Wall Street as oil falls further; airlines slide

US stocks fell on Tuesday as oil prices dropped to their lowest since November and airlines pulled industrial stocks down as a blizzard hit the US Northeast. Hospital operator shares were hit after a nonpartisan research report showed 14 million Americans
Published 16 Mar, 2017 12:00am
Hong Kong stocks lower

Hong Kong stocks lower

Hong Kong shares eased on Wednesday, with investors focussed on what the Federal Reserve will say about tightening monetary policy during the rest of the year with markets already pricing in an immediate rise in US interest rates. The Hang Seng index fell
Published 16 Mar, 2017 12:00am
Long-dated yields dip

Long-dated yields dip

US long-dated and benchmark Treasury yields edged lower on Tuesday after a drop in oil prices was viewed as a deflationary sign, but the drop in yields was limited as investors awaited the Federal Reserve's policy statement on Wednesday. US 30-year Treasu
Published 16 Mar, 2017 12:00am
Long-dated yields dip

Long-dated yields dip

US long-dated and benchmark Treasury yields edged lower on Tuesday after a drop in oil prices was viewed as a deflationary sign, but the drop in yields was limited as investors awaited the Federal Reserve's policy statement on Wednesday. US 30-year Treasu
Published 16 Mar, 2017 12:00am
India's NSE index ends flat

India's NSE index ends flat

India's NSE index ended flat on Wednesday, after having hit a record high in the previous session, as a sharp rally in the rupee hurt shares of IT firms and sentiment turned cautious ahead of the US Federal Reserve's rate decision. The broader NSE index e
Published 16 Mar, 2017 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks were marginally down on Wednesday as investors remained cautious ahead of Federal Reserve statement due later in the day in which the US central bank is expected to raise interest rates. Local losses were in line with regional markets which
Published 16 Mar, 2017 12:00am
Sri Lankan shares fall

Sri Lankan shares fall

Sri Lankan shares fell for a seventh straight session on Wednesday to a near one-year closing low as expectations of a possible interest rate hike weighed on sentiment, after the International Monetary Fund urged the central bank to tighten monetary polic
Published 16 Mar, 2017 12:00am
China stocks flat

China stocks flat

China stocks ended little changed on Wednesday as investors remained cautious ahead of an expected US interest rate hike later in the day. Traders said there were few surprises from Premier Li Keqiang's news conference at the end of the annual meeting of
Published 16 Mar, 2017 12:00am
Resources stock rally drives European shares to two-week high

Resources stock rally drives European shares to two-week high

European shares achieved their highest closing level in two weeks on Wednesday, boosted by basic resource and oil stocks, while French aeroplane seat-maker Zodiac slumped after its latest profit warning. The pan-European STOXX 600 index was up 0.4 percent
Published 16 Mar, 2017 12:00am
Australian shares up; New Zealand slips

Australian shares up; New Zealand slips

Australian shares closed up slightly on Wednesday, recovering from losses earlier in the session after a late rally in mining stocks. The S&P/ASX 200 index ended the session up 0.3 percent, or 14.86 points, at 5,774. The mining index rose 1 percent for a
Published 16 Mar, 2017 12:00am
Southeast Asian stocks largely down
Currency

Southeast Asian stocks largely down

Most Southeast Asian stocks fell on Wednesday with markets pricing in an immediate rate hike, even as traders awaited the US Federal Reserve's view on the pace of interest rate increases after its policy meet ends later in the day. The Fed will announce i
Published 16 Mar, 2017 12:00am
FTSE rise supported by commodity stocks, Hikma rally

FTSE rise supported by commodity stocks, Hikma rally

British shares inched up on Wednesday, supported by higher commodity stocks and a rally in drugmaker Hikma following better than expected earnings growth, but concerns over Brexit continued to dampen the mood. The bluechip FTSE 100 index was up 0.2 percen
Published 16 Mar, 2017 12:00am
Yuan weakens

Yuan weakens

China's yuan traded in a tight range on Wednesday, weakening slightly against the dollar, ahead of a US Federal Reserve meeting that could provide hints on how much monetary tightening to expect for the remainder of the year. The People's Bank of China se
Published 16 Mar, 2017 12:00am
Dollar wobbles in Asia

Dollar wobbles in Asia

The dollar wobbled in a narrow range in Asian trading on Wednesday, as investors waited anxiously to see what clues the US Federal Reserve would soon reveal on its monetary policy outlook. With the futures market pricing in more than a 90 percent chance t
Published 16 Mar, 2017 12:00am
Dollar subdued in Europe
Currency

Dollar subdued in Europe

The dollar was subdued in European trade on Wednesday, with the Federal Reserve expected to raise US interest rates and investors looking for clues on future Fed monetary policy. Fed fund futures price in a more than 90 percent chance of a rise in rates o
Published 16 Mar, 2017 12:00am
Early trade in NY: Dollar edges lower
Currency

Early trade in NY: Dollar edges lower

The dollar edged lower on Wednesday, as investors awaited a widely-expected interest rate increase from the Federal Reserve, but grew cautious about the rate outlook this year given lingering uncertainty with the Trump administration's fiscal policy.
Published 16 Mar, 2017 12:00am
Dollar gains in New York

Dollar gains in New York

The dollar rose on Tuesday, bolstered by a widely expected US interest rate increase from the Federal Reserve this week and bolstered by political risks in Europe as Dutch elections get under way. The Fed started its two-day monetary policy meeting on Tue
Published 16 Mar, 2017 12:00am
Sri Lankan rupee weakens
Currency

Sri Lankan rupee weakens

The Sri Lankan rupee ended weaker on Wednesday due to importer dollar demand, dealers said, but the market expected pressure on the currency to ease after the government raised nearly $1 billion via a bond auction. The central bank said after market hours
Published 16 Mar, 2017 12:00am
Asian currencies cautious ahead of Fed data

Asian currencies cautious ahead of Fed data

Asian currencies were largely flat on Wednesday as investors nervously awaited an expected US interest rate hike later in the day and hoped for more clues on the pace of future tightening. Beside the expected announcement of a quarter-point rate rise (180
Published 16 Mar, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 79.54-79.55 (* previous 79.53-79.54).
Published 16 Mar, 2017 12:00am
Battered pound bounces back from two-month low
Currency

Battered pound bounces back from two-month low

Britain's battered pound recovered half a percent against the dollar on Wednesday, propped up by corporate demand as investors looked for bargains after it hit two-month lows the previous day. The pound has lost almost a fifth of its value versus the gree
Published 16 Mar, 2017 12:00am
Aussie, kiwi up
Currency

Aussie, kiwi up

The Australian and New Zealand dollars marked time on Wednesday as investors counted down the hours to a likely rise in US interest rates and guidance on how many more may come this year. The Australian dollar was up a slim 0.1 percent at $0.7571, still c
Published 16 Mar, 2017 12:00am
Japan rout Israel, advance to WBC semi-finals

Japan rout Israel, advance to WBC semi-finals

Two-time champions Japan routed Israel 8-3 on Wednesday in the second round of the World Baseball Classic, remaining unbeaten to book their ticket to the semi-finals. 'Samurai' Japan broke up a scoreless tie in the bottom of the sixth inning as Yoshitomo
Published 16 Mar, 2017 12:00am
Elkeson leads China's Brazilian carnival in Asia

Elkeson leads China's Brazilian carnival in Asia

Shanghai SIPG's prolific marksman Elkeson scored with an outrageous 45-yard effort as China's Brazilian imports justified their expensive price tags in the AFC Champions League on Wednesday. Hulk, a 55 million euro signing from Zenit St Petersburg, was an
Published 16 Mar, 2017 12:00am
Gritty Chandimal lifts Sri Lanka

Gritty Chandimal lifts Sri Lanka

Dinesh Chandimal rode his luck to score an unbeaten half-century for Sri Lanka against Bangladesh in Colombo Wednesday after the tourists made a dream start to their 100th Test match. The home side reached 238-7 before bad light stopped the opening day's
Published 16 Mar, 2017 12:00am
Kerber ousted at Indian Wells

Kerber ousted at Indian Wells

Angelique Kerber won't celebrate her return to world number one with an Indian Wells title after a shock fourth-round exit Tuesday at the hands of Elena Vesnina.
Published 16 Mar, 2017 12:00am
PCB Catch em' Young U-13 plan from March 18

PCB Catch em' Young U-13 plan from March 18

Pakistan Cricket Board (PCB) is set to launch the first-ever Catch em' Young U-13 Cricket Programme across the country from March 18. This programme is designed to complete the PCB pathway for identification of young players at grassroots level progressin
Published 16 Mar, 2017 12:00am
Manohar quits as ICC chairman

Manohar quits as ICC chairman

India's Shashank Manohar resigned Wednesday as chairman of the International Cricket Council after a fallout with his own board over efforts to reform the game's world governing body. Manohar took over last year as the first independent ICC chairman for a
Published 16 Mar, 2017 12:00am
Smith raps Kohli for 'talking rubbish'

Smith raps Kohli for 'talking rubbish'

Australian skipper Steve Smith accused his Indian counterpart Virat Kohli of talking "absolute rubbish" Wednesday despite efforts to bring an end to the arch rivals' bitter war of words. After Kohli said on the eve of the third Test that he had no regrets
Published 16 Mar, 2017 12:00am
Karachi to face Lahore in Rivalry Golf

Karachi to face Lahore in Rivalry Golf

The 12-member professionals Karachi Golf Team captained by Asad I. A. Khan will face the Lahore team captained by Shahid Javed Khan in a fierce contest at the Gymkhana Golf course. Since this is a competition among the leading professional golf players of
Published 16 Mar, 2017 12:00am
Jaffarabad reach PPL Balochistan Football quarters

Jaffarabad reach PPL Balochistan Football quarters

Jaffarabad qualified for the quarter finals after defeating Bolan 5-3 in the qualifying round of the PPL Balochistan Football Cup 2017 in district Naseerabad. The match resulted in a draw following which it was decided on penalty strokes. District Educati
Published 16 Mar, 2017 12:00am
Shehzad, Kamran in as ODI, T20 squads for West Indies tour announced

Shehzad, Kamran in as ODI, T20 squads for West Indies tour announced

Pakistan on Wednesday recalled opener Ahmed Shehzad and Kamran Akmal in separate squads for the four-match Twenty20 and three-match one-day series in the West Indies starting later this month. Both batsmen earned their recalls on the back of solid perform
Published 16 Mar, 2017 12:00am
Trump supporters cheer leak of 2005 tax bill

Trump supporters cheer leak of 2005 tax bill

Donald Trump's supporters Wednesday cheered the release of a partial tax return for 2005 showing he paid a hefty sum that year, in a rare peek into the president's jealously guarded finances. The Republican real estate magnate has refused to release his f
Published 16 Mar, 2017 12:00am
Major Taiwan defence report warns of China invasion risk

Major Taiwan defence report warns of China invasion risk

Taiwan pledged Wednesday to build up its military in the face of an increased risk of invasion by China in a major defence ministry report that comes as ties with Beijing worsen. China still sees Taiwan as part of its territory to be brought back into its
Published 16 Mar, 2017 12:00am
High turnout as Dutch vote in Europe's first far-right test

High turnout as Dutch vote in Europe's first far-right test

Millions of Dutch flocked to the polls Wednesday in a test of the "patriotic revolution" promised by far-right MP Geert Wilders, with Europe closely watching the outcome amid signs his support may be waning. Following last year's shock Brexit referendum,
Published 16 Mar, 2017 12:00am
White House official calls leakers 'enemies to the state'

White House official calls leakers 'enemies to the state'

A top White House security official delivered a stiff warning to leakers of classified materials, calling them "enemies" of the United States. Thomas Bossert, President Donald Trump's assistant on homeland security and counterterrorism, said the administr
Published 16 Mar, 2017 12:00am
Two Russian spies indicted in massive Yahoo hack

Two Russian spies indicted in massive Yahoo hack

Two agents of Russia's FSB spy agency and two "criminal hackers" were indicted Wednesday over a massive cyberattack affecting 500 million Yahoo users, the US Justice Department announced. The indictment unveiled in Washington links Russia's top spy agency
Published 16 Mar, 2017 12:00am
Kim's identity confirmed using child's DNA: Malaysia

Kim's identity confirmed using child's DNA: Malaysia

Malaysia used a DNA sample from one of Kim Jong-Nam's children to confirm the identity of the assassinated half-brother of North Korea's leader Kim Jong-Un, the deputy prime minister said Wednesday. The 45-year-old was poisoned with the deadly nerve agent
Published 16 Mar, 2017 12:00am
Renault chiefs implicated

Renault chiefs implicated

Renault has cheated for over 25 years on pollution tests for diesel and petrol engines with the knowledge of top management, according to a report by French fraud investigators obtained Wednesday by AFP. "The entire chain of management" up to the French c
Published 16 Mar, 2017 12:00am
Bombs rock Damascus as war enters 7th year

Bombs rock Damascus as war enters 7th year

Two suicide bombings hit the Syrian capital Damascus on Wednesday, including an attack at a central courthouse that killed at least 32 people, as the country's war entered its seventh year. In northern Syria, 14 children were among 21 people killed in an
Published 16 Mar, 2017 12:00am
Irish woman murdered in India

Irish woman murdered in India

Indian police said Wednesday they had launched a murder investigation after a young Irish woman was found dead in the popular tourist state of Goa. The body of 28-year-old Danielle McLaughlin was discovered in a field on Tuesday and an autopsy is being co
Published 16 Mar, 2017 12:00am
Erdogan says 'spirit of fascism' rampant in Europe

Erdogan says 'spirit of fascism' rampant in Europe

Turkish President Recep Tayyip Erdogan said Wednesday the "spirit of fascism" was running rampant in Europe, as pro-Ankara hackers defaced top Twitter accounts in an escalating crisis. Turkey and the European Union have become embroiled in an explosive cr
Published 16 Mar, 2017 12:00am
Pro-Erdogan hackers in Twitter attack as EU blasts Turkey

Pro-Erdogan hackers in Twitter attack as EU blasts Turkey

Hackers supporting Turkish President Recep Tayyip Erdogan on Wednesday defaced Twitter accounts of top individuals and institutions with Nazi jibes, as the EU hit back at Ankara's behaviour in an escalating crisis. Turkey and the European Union are going
Published 16 Mar, 2017 12:00am
Government committed to removing blasphemous material: Nisar

Government committed to removing blasphemous material: Nisar

Interior Minister Chaudhry Nisar Ali Khan Wednesday said that the government is committed to removing blasphemous material from Facebook and other websites and pages on the social media and it is using each and every option to tackle this issue. This he s
Published 16 Mar, 2017 12:00am
CPEC investments surge to $55 billion: Zubair

CPEC investments surge to $55 billion: Zubair

Investment under the China-Pakistan Economic Corridor in various projects, particularly infrastructure and the power sector, has surged to $55 billion, Sindh governor Mohammad Zubair said today (Wednesday). Addressing a seminar, "CPEC: Opportunities and C
Published 16 Mar, 2017 12:00am
Byco Petroleum Pakistan Limited

Byco Petroleum Pakistan Limited

Byco Petroleum Pakistan Limited (PSX: BYCO) was formed in January 1995 as a public listed company. It started its first oil refinery with a capacity of 30000 barrels a day at Hub, Baluchistan with commercial production starting from July, 2004. The compan
Published 16 Mar, 2017 12:00am
Byco Petroleum Pakistan Limited

Byco Petroleum Pakistan Limited

Byco Petroleum Pakistan Limited (PSX: BYCO) was formed in January 1995 as a public listed company. It started its first oil refinery with a capacity of 30000 barrels a day at Hub, Baluchistan with commercial production starting from July, 2004. The compan
Published 16 Mar, 2017 12:00am
Wapda's clarification

Wapda's clarification

Taking strong exception to a news item titled, "Wapda's mismanagement" published in Business Recorder on March 15, 2017, WAPDA "spokesperson has stated that the allegations levelled in the said news are baseless, fabricated and with malafide intent
Published 16 Mar, 2017 12:00am
SMEDA policies can pave way for economic revolution: minister

SMEDA policies can pave way for economic revolution: minister

Punjab Minister Industries, Trade and Investment Sheikh Alauddin has said that SME Development Authority policies based upon research could pave way for economic revolution in Pakistan. He was speaking to the inaugural session of the 2nd SME International
Published 16 Mar, 2017 12:00am
Chief Secretary directs DCs to ensure best arrangements for census

Chief Secretary directs DCs to ensure best arrangements for census

Chief Secretary Punjab Zahid Saeed has ordered deputy commissioners of 16 districts to ensure the best possible arrangements for national census with the direction to all the officers and officials concerned to take part in the census considering it a nat
Published 16 Mar, 2017 12:00am
Census proceedings in Punjab begins from chief minister's residence

Census proceedings in Punjab begins from chief minister's residence

Chief Minister of Punjab Mian Shahbaz Sharif on Wednesday commenced proceedings of sixth census in the province by putting number on his residence in Model Town. Chief Minister stated that census is necessary for development of the county. He averred that
Published 16 Mar, 2017 12:00am
Youhanabad tragedy's second anniversary observed

Youhanabad tragedy's second anniversary observed

Thousands of Christians from all over the country gathered at Saint John's Girls High School Youhanabad to mark the second anniversary of Youhanabad Church bomb blasts incident here on Wednesday with prayers and tributes for the martyrs of this sad traged
Published 16 Mar, 2017 12:00am
Call to take full advantage of CPEC

Call to take full advantage of CPEC

"We need to take full advantage of China Pakistan Economic Corridor (CPEC). We cannot reap full fruit of this game changer unless and until strategy for both opportunities and challenges, posed by this mega project, is not evolved". This was upshot of the
Published 16 Mar, 2017 12:00am
All 'Basmati' researchers must focus on developing varieties

All 'Basmati' researchers must focus on developing varieties

The recently constituted Research & Development (R&D) Board of Rice has recommended that all future 'Basmati' research should be focused on development of varieties having average grain length of more than 8.00mm with good taste, aroma and yield potential
Published 16 Mar, 2017 12:00am
Government to increase job quota for women

Government to increase job quota for women

Secretary Punjab Commission on Status of Women Muhammad Usman has said the government is committed to provide equal opportunities for development of all citizens particularly women. Addressing a function held in connection with 'International Women Days'
Published 16 Mar, 2017 12:00am
LG Styler - the next essential home appliance

LG Styler - the next essential home appliance

In the sleepy home appliance industry, new trends are few and far between. Likely due to the nature of appliances - big, expensive and long-lasting, the demand for flashy new innovations from customers is non-existent compared to the smartphone industry.
Published 16 Mar, 2017 12:00am
Pak-Belarus ties to be cemented further: envoy

Pak-Belarus ties to be cemented further: envoy

Belarus Ambassador to Pakistan Andrei Ermolovich has said that Belarus & Pakistan Agricultural, plus academia ties will be further strengthened to get benefit from each other experiences. He was addressing a meeting of University of Agriculture Faisalabad
Published 16 Mar, 2017 12:00am
Shahbaz launches Zewar-e-Taleem Programme

Shahbaz launches Zewar-e-Taleem Programme

Chief Minister of Punjab Mian Shahbaz Sharif on Wednesday launched "Khadim-e-Punjab Zewar-e-Taleem Program" in 16 districts of South Punjab under which educational scholarships worth of Rs 6 billion will be distributed every year in the girl students and
Published 16 Mar, 2017 12:00am
EU launches 'Subai-Pakistan' project

EU launches 'Subai-Pakistan' project

A high-level launch of the 3-year EU-funded Subai-Pakistan Project was hosted by the Ambassador of the European Union to Pakistan, Jean-Fran'is Cautain, in the Pakistan Institute for Parliamentary Services (PIPS) here Wednesday. The event was attended by
Published 16 Mar, 2017 12:00am
Auction of unsold 4G licence: Advisory body meets today

Auction of unsold 4G licence: Advisory body meets today

The Advisory committee for the auction of unsold Next Generation Mobile Services (NGMS) spectrum (4G) will meet on Thursday (today) to take final decision on the spectrum auction. However, official sources on condition of strict anonymity revealed toBu
Published 16 Mar, 2017 12:00am
Filters can't help block 100 percent objectionable contents: PTA

Filters can't help block 100 percent objectionable contents: PTA

Though the Pakistan Telecommunication Authority (PTA) claims to have proposed installation of filters to the Information Technology and Telecommunication Ministry, the ministry denies having received any such proposal. A spokesperson for the IT Ministry,
Published 16 Mar, 2017 12:00am
Ex-MPA joins JUI-F

Ex-MPA joins JUI-F

Former MPA Ateef-ur-Rehman and leader of ANP-Wali, Begum Nasim Wali has announced joining JUI-F here in a ceremony held at Tehkal Bala on Wednesday. Speaking on the occasion, JUI-F chief, Maulana Fazal-ur-Rehman termed his coming into the party omen for t
Published 16 Mar, 2017 12:00am
C&W official held for amassing illegal assets

C&W official held for amassing illegal assets

National Accountability Bureau (NAB) Khyber Pakhtunkhwa has arrested accused Fazal Hadi, an official of C&W Department, Upper Dir for alleged accumulation of illegal assets worth Rs 52.7 million. The matter was brought into the notice of NAB Khyber Pakhtu
Published 16 Mar, 2017 12:00am
Jhagra launches census process

Jhagra launches census process

KP Governor Iqbal Zafar Jhagra on Wednesday formally launched the national housing and population census. The governor himself marked the housing census number at the gate of Governor's House, Peshawar, which had been allotted the digit One 001. He also r
Published 16 Mar, 2017 12:00am
Naval chief calls on US officials

Naval chief calls on US officials

Chief of the Naval Staff Admiral Muhammad Zakaullah is on an official visit to USA. During the visit, the Naval Chief called on Senator Chris Van Hollen, Acting US Secretary Navy, Sean Stackley and President United States Naval War College, Rear Admiral J
Published 16 Mar, 2017 12:00am
Government urged to protect e-commerce consumers' rights

Government urged to protect e-commerce consumers' rights

Speakers at a seminar have urged the government to introduce relevant laws and a robust system of check and balance to protect the rights of e-commerce consumers. Speaking at the "World Consumer Rights Day" here on Wednesday organised by Consumer Rights C
Published 16 Mar, 2017 12:00am
Delay in IDPs' rehabilitation: Tribal elders warn to march on Islamabad

Delay in IDPs' rehabilitation: Tribal elders warn to march on Islamabad

Tribal elders of North Waziristan Agency (NWA) have expressed serious concern over the delay in rehabilitation of the internally displaced persons (IDPs) and warned to march on Islamabad if they are not allowed to return homes at the earliest. Speaking at
Published 16 Mar, 2017 12:00am
No new brigade sent to Saudi Arabia: minister

No new brigade sent to Saudi Arabia: minister

Federal Minister for Defence Khawaja Muhammad Asif on Wednesday said that no new brigade of armed forces of Pakistan has been sent to Saudi Arabia. Speaking in National Assembly, he categorically said, "Pakistan is not and will never be involved in any co
Published 16 Mar, 2017 12:00am
Justice Sajjad becomes SC judge

Justice Sajjad becomes SC judge

Justice Sajjad Ali Shah took oath as Judge of Supreme Court at a ceremony in Islamabad on Wednesday. Chief Justice of Pakistan Justice Saqib Nisar administered the oath. Judges and lawyers attended the oath taking ceremony. Justice Sajjad Ali Shah was ser
Published 16 Mar, 2017 12:00am
PAF rolls out 50th indigenously overhauled C-130 aircraft

PAF rolls out 50th indigenously overhauled C-130 aircraft

Pakistan Air Force (PAF) Wednesday announced to achieve another significant milestone when the 50th indigenously overhauled C-130 aircraft was rolled out in a grand ceremony held at the base here. Chief of the Air Staff, Pakistan Air Force Air Chief Marsh
Published 16 Mar, 2017 12:00am
NA panel asks government to cut mark-up on agriculture loans

NA panel asks government to cut mark-up on agriculture loans

While deploring high mark-up on agriculture loans, National Assembly's Standing Committee on Finance, has approved a resolution unanimously requesting the government to reduce the mark-up on agriculture loans to single digit. A meeting of the Finance comm
Published 16 Mar, 2017 12:00am
Minister lauds AIOU's new initiative

Minister lauds AIOU's new initiative

Minister of State for Education and Professional Training, Balighur Rehman was chief guest at the inaugural session of first National Graduate Conference at Allama Iqbal Open University (AIOU), here on Wednesday. Speaking on the occasion, the minister app
Published 16 Mar, 2017 12:00am
Load of taxation on telecom companies irks Norwegian government

Load of taxation on telecom companies irks Norwegian government

The massive taxation on cellphone companies in Pakistan has prompted Norwegian government to step in as the foreign affairs ministry conveyed a message of Norwegian Minister of Commerce/Foreign Minister to the finance ministry expressing annoyance over ta
Published 16 Mar, 2017 12:00am
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