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Oct 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-03-22
Wall Street drifts lower; investors worry about tax-cut delay

Wall Street drifts lower; investors worry about tax-cut delay

Wall Street drifted lower on Monday as investors worried that President Donald Trump's plan to cut taxes and boost the economy could take longer than previously expected. The US stock market has been on a record-setting spree since the election of Trump a
Published 22 Mar, 2017 12:00am
Most Gulf markets rise in quiet trade, Egypt index declines

Most Gulf markets rise in quiet trade, Egypt index declines

Gulf stock markets were mostly higher on Tuesday, buoyed by firm global equities, although trading volumes were generally thin and the Egyptian bourse fell on profit taking. Abu Dhabi was the top performer, climbing 1.2 percent on strong banking shares, w
Published 22 Mar, 2017 12:00am
Hong Kong stocks climb

Hong Kong stocks climb

Hong Kong stocks climbed to a near 20-month high on Tuesday, bolstered by continued inflows from Chinese investors and signs of global economic recovery. The benchmark Hang Seng index rose for a fourth straight day, adding 0.4 percent to end at 24,593.12,
Published 22 Mar, 2017 12:00am
US bonds steady

US bonds steady

US Treasuries were steady on Monday before a week that will be dominated by speeches by Federal Reserve officials, with relatively little new data due to provide further clues on economic growth. Chicago Fed President Charles Evans said on Monday that the
Published 22 Mar, 2017 12:00am
US bonds steady

US bonds steady

US Treasuries were steady on Monday before a week that will be dominated by speeches by Federal Reserve officials, with relatively little new data due to provide further clues on economic growth. Chicago Fed President Charles Evans said on Monday that the
Published 22 Mar, 2017 12:00am
Indian shares down

Indian shares down

Indian shares ended lower for a second consecutive session on Tuesday, as losses in lenders hit by a Morgan Stanley downgrade and drugmakers hurt by US Food and Drug Administration's regulatory action offset gains in index heavyweight ITC Ltd. The broader
Published 22 Mar, 2017 12:00am
China stocks soar

China stocks soar

China stocks closed slightly higher on Tuesday, but investors' risk appetite was restrained amid growing signs of tighter liquidity in the banking system. The blue-chip CSI300 index rose 0.5 percent, to 3,466.35 points, while the Shanghai Composite Index
Published 22 Mar, 2017 12:00am
US reform jitters send European shares lower

US reform jitters send European shares lower

European shares ended lower on Tuesday, reversing earlier gains as jitters about US President Donald Trump's ability to push through reforms overshadowed soothing news from the French presidential debate. The pan-European STOXX 600 index ended down 0.5 pe
Published 22 Mar, 2017 12:00am
Australian shares down; New Zealand up

Australian shares down; New Zealand up

Australian shares closed marginally lower on Tuesday, taking cues from Wall Street, which dipped over concerns that President Donald Trump's plan to cut taxes and boost the economy could take longer than previously expected. The S&P/ASX 200 index edged lo
Published 22 Mar, 2017 12:00am
Most Southeast Asian stocks retreat

Most Southeast Asian stocks retreat

Most Southeast Asian stock markets eked out small gains on Tuesday as the prospects of a less-hawkish interest rate policy by the US Federal Reserve helped market participants overcome concerns of immediate capital outflows from the region. Expectations t
Published 22 Mar, 2017 12:00am
FTSE dips on sterling strength after inflation jumps
Currency

FTSE dips on sterling strength after inflation jumps

British shares dipped on Tuesday as sterling strengthened after British inflation shot past the central bank's target for the first time in three years. The blue-chip FTSE 100 index, with its majority foreign-currency earning constituents, tends to gain f
Published 22 Mar, 2017 12:00am
Dollar on defensive in Asian trade

Dollar on defensive in Asian trade

The dollar was on the defensive in Asian trading on Tuesday, after Chicago Federal Reserve President Charles Evans reinforced the perception that the US central bank won't accelerate the pace of its interest rate hikes. The dollar index, which tracks the
Published 22 Mar, 2017 12:00am
Euro tops $1.08 in Europe after French presidential debate
Currency

Euro tops $1.08 in Europe after French presidential debate

The euro rose above $1.08 for the first time in six weeks on Tuesday as centrist Emmanuel Macron's performance in a TV debate fuelled expectations he would win the French presidency ahead of far-right rival Marine Le Pen in May. After four days of trading
Published 22 Mar, 2017 12:00am
Early trade in New York: dollar loses more ground
Currency

Early trade in New York: dollar loses more ground

The dollar dipped to a six-week low against a basket of currencies on Tuesday, extending its slide from last week after the US Federal Reserve's comments disappointed dollar bulls. A stronger euro also weighed on the dollar index, after centrist Emmanuel
Published 22 Mar, 2017 12:00am
Dollar steadies near six-week low in New York
Currency

Dollar steadies near six-week low in New York

The dollar hovered near a six-week low against a basket of currencies on Monday, weighed down by last week's interest-rate guidance from the US Federal Reserve that was less "hawkish" than many had expected. The greenback has been on the retreat since the
Published 22 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 Tuesday. 79.59-79.60 (previous 79.58-79.60).
Published 22 Mar, 2017 12:00am
China's yuan slips

China's yuan slips

China's yuan fell slightly against the US dollar on Monday after a weaker official midpoint fixing, and on views that the central bank will stick to a very modest and gradual pace of monetary tightening to avoid hurting economic growth. China's central ba
Published 22 Mar, 2017 12:00am
Some Asian currencies slip

Some Asian currencies slip

Some Asian currencies weakened slightly on Tuesday as investors looked for fresh cues following the currencies' big gains last week on the US Federal Reserve's moderately dovish stance. There was not much reaction to comments by Chicago Fed President Char
Published 22 Mar, 2017 12:00am
Sri Lankan rupee ends steady
Currency

Sri Lankan rupee ends steady

The Sri Lankan rupee closed steady on Tuesday as dollar demand from importers offset selling of the greenback by exporters late in the day, even as dealers said rising imports and selling of rupee bonds by foreign investors weighed on the currency. Pressu
Published 22 Mar, 2017 12:00am
Sterling surges close to $1.25 after UK inflation jumps

Sterling surges close to $1.25 after UK inflation jumps

Sterling surged more than 1 percent on Tuesday to its highest level in over three weeks, as some investors bet that rapidly accelerating inflation would push the Bank of England to raise interest rates sooner than expected. Data released earlier in the da
Published 22 Mar, 2017 12:00am
Aussie steadies, kiwi softens

Aussie steadies, kiwi softens

The Australian dollar held near four-month peaks on Tuesday as the country's central bank stepped up warnings about overheating in the housing market, leading investors to pare the already scant chance of a further cut in interest rates. The Aussie was st
Published 22 Mar, 2017 12:00am
Bangladesh hopes Sri Lanka win will bring more Tests

Bangladesh hopes Sri Lanka win will bring more Tests

Bangladesh's historic Test victory in Sri Lanka should encourage more teams to find space in their schedules to play the fast-improving minnows, according to the head of the country's cricket board. In their 100th Test, Bangladesh beat Rangana Herath's me
Published 22 Mar, 2017 12:00am
Puerto Rico beat Netherlands to reach WBC final

Puerto Rico beat Netherlands to reach WBC final

Eddie Rosario clubbed a run-scoring sacrifice fly in the 11th inning as Puerto Rico punched their ticket to the WBC final for the second straight year with a marathon 4-3 win over the Netherlands on Monday. Rosario's blast brought infielder Carlos Correa
Published 22 Mar, 2017 12:00am
Cahill privileged to follow Terry as Chelsea captain

Cahill privileged to follow Terry as Chelsea captain

Chelsea legend John Terry's captaincy of the Premier League giants is an impossible act to follow admitted his successor Gary Cahill in Tuesday's Evening Standard. Terry, 36 is Chelsea's most successful skipper leading them to four Premier League titles a
Published 22 Mar, 2017 12:00am
'Landmark' pay offer for Australia's men and women

'Landmark' pay offer for Australia's men and women

Cricket Australia offered what it called Tuesday a ground-breaking remuneration and benefits proposal to the nation's elite men and women cricketers in a bid to end a pay impasse. The head body said the package meant women had the opportunity to pursue a
Published 22 Mar, 2017 12:00am
Pakistan U-23 cricket squad announced

Pakistan U-23 cricket squad announced

The National Selection Committee headed by Inzamam ul Haq has announced 15-member Pakistan Under-23 squad for the 'ACC U-23 Emerging Cup 2017' being staged from March 26 to April 2, 2017 in Bangladesh. Wicket keeper batsman Mohammad Rizwan has been named
Published 22 Mar, 2017 12:00am
Be brave and smile, ECB tell England players

Be brave and smile, ECB tell England players

England's new Test captain Joe Root and One Day counterpart Eoin Morgan must provide crowd pleasing cricket and bear a sunny disposition so as to attract new players to the game, the England and Wales Cricket Board (ECB) said Monday. The ECB is taking ste
Published 22 Mar, 2017 12:00am
Irish footballer McBride dies aged 27

Irish footballer McBride dies aged 27

The Football Association of Ireland paid tribute to Derry City captain Ryan McBride on Monday after he died suddenly at the age of 27. McBride, a close friend of Republic of Ireland winger James McClean, is reported to have died at home on Sunday. A cause
Published 22 Mar, 2017 12:00am
Podolski captains Germany on farewell against England

Podolski captains Germany on farewell against England

Lukas Podolski will captain injury-hit Germany on his farewell international appearance in Wednesday's friendly against England, die Mannschaft's head coach Joachim Loew has confirmed. Podolski, 31, will make his 130th and final appearance by wearing the
Published 22 Mar, 2017 12:00am
Life bans for China's marathon cheats

Life bans for China's marathon cheats

China will ban marathon cheats for life to clamp down on scandals that have dogged the fast-growing sport, which saw nearly three million participants across the country last year. The Chinese Athletics Association (CAA) said in a statement late Monday th
Published 22 Mar, 2017 12:00am
Raonic back to avenge Queen's defeat

Raonic back to avenge Queen's defeat

Canadian tennis ace Milos Raonic warned Tuesday he was determined to avenge last year's final defeat to Andy Murray in the key Wimbledon warm-up tournament at Queen's Club in June. The 26-year-old lost to British star Murray in both the Queen's and Wimble
Published 22 Mar, 2017 12:00am
Yorkshire skipper Ballance extends contract

Yorkshire skipper Ballance extends contract

England batsman Gary Ballance committed himself to Yorkshire for a further two years on Tuesday. The 27-year-old Zimbabwe-born naturalised Englishman - who has appeared in 21 Tests scoring four centuries - had a year remaining on his present contract and
Published 22 Mar, 2017 12:00am
Tribunal serves hearing notices on PCB, Sharjeel and Latif

Tribunal serves hearing notices on PCB, Sharjeel and Latif

The three members of the Anti-Corruption Tribunal tasked with adjudicating the spot-fixing matter have issued notices to Pakistan Cricket Board (PCB), players Sharjeel Khan and Khalid Latif to hold a preliminary hearing on Friday, 24th March, from 11:30am
Published 22 Mar, 2017 12:00am
Arthur 'gutted' over spot-fixing scandal, blames 'greed'

Arthur 'gutted' over spot-fixing scandal, blames 'greed'

Pakistan's head coach Mickey Arthur Tuesday said he felt "gutted" over a fresh alleged spot-fixing scandal that has engulfed his team, adding any players found guilty only had themselves to blame. The Pakistan Cricket Board (PCB) has provisionally suspend
Published 22 Mar, 2017 12:00am
Haitian lawmakers approve new cabinet

Haitian lawmakers approve new cabinet

Haitian lawmakers early Tuesday approved the new prime minister's cabinet following a 19-hour session, despite criticism over the sparse details on how to pay for his government program. Prime Minister Jack Guy Lafontant, named a month ago by President Jo
Published 22 Mar, 2017 12:00am
Tillerson to skip Nato meeting next month

Tillerson to skip Nato meeting next month

US Secretary of State Rex Tillerson will skip a Nato meeting in April but travel to Russia the same month, officials said Tuesday, fuelling fears about Washington's commitment to the alliance. Tillerson will be replaced by his deputy at the Brussels meeti
Published 22 Mar, 2017 12:00am
Iraqi forces gain ground, deploy snipers in Mosul

Iraqi forces gain ground, deploy snipers in Mosul

Iraqi forces gained ground from the Islamic State group in Mosul and have deployed snipers in the Old City to target the jihadists, officers said on Tuesday. Iraqi forces launched a major operation to recapture west Mosul - the most-populated urban area s
Published 22 Mar, 2017 12:00am
Taiwan opens submarine project in face of China threat

Taiwan opens submarine project in face of China threat

Taiwan's president Tsai Ing-wen launched the island's first ever home-grown submarine project Tuesday in the face of what the government says are growing military threats from China. The move comes after China sent its only aircraft carrier, the Liaoning,
Published 22 Mar, 2017 12:00am
Five dead in Mogadishu bombing

Five dead in Mogadishu bombing

At least five people were killed when a vehicle laden with explosives blew up in Mogadishu on Tuesday, a local official said, the latest attack in the troubled Somali capital. The blast occurred at a checkpoint near the presidential palace just as the Hor
Published 22 Mar, 2017 12:00am
Official Dutch results confirm win for Liberals

Official Dutch results confirm win for Liberals

The Netherlands formally confirmed Tuesday the results of last week's general election won by ruling Prime Minister Mark Rutte's Liberals, as political horse-trading gathered pace to form a coalition government. The final tally from Wednesday's vote gave
Published 22 Mar, 2017 12:00am
Turkey scraps rallies in Germany before vote as row rages

Turkey scraps rallies in Germany before vote as row rages

Turkey on Tuesday scrapped all future campaign appearances by its politicians in Germany ahead of April's referendum on expanding President Recep Tayyip Erdogan's powers, amid a heated diplomatic row. The sudden decision came after three weeks of furious
Published 22 Mar, 2017 12:00am
Rs 5 billion corruption case: hearing against Sharjeel, others adjourned

Rs 5 billion corruption case: hearing against Sharjeel, others adjourned

The Accountability Court on Tuesday heard Rs 5 billion corruption case against former Sindh Information Minister Sharjeel Inam Memon and others. Memon's counsel told the court that Islamabad High Court (IHC) had granted his client protective bail till 5th
Published 22 Mar, 2017 12:00am
Most of militancy-hit schools rebuilt

Most of militancy-hit schools rebuilt

The Provincial Disaster Management Authority (PDMA), Khyber Pakhtunkhwahas has reconstructed most of the militancy-hit schools in Upper Dir. According to the data of the PDMA office in Peshawar, a total 20 schools were targeted in Upper Dir district when
Published 22 Mar, 2017 12:00am
FIA lodges FIR against NAB's deputy chief

FIA lodges FIR against NAB's deputy chief

On approval of Interior Minister Chaudhry Nisar Ali Khan, Federal Investigation Agency (FIA) on Tuesday registered a case against deputy chairman National Accountability Bureau (NAB) for alleged misuse of authority during his tenure at the National Databa
Published 22 Mar, 2017 12:00am
Dar accused of focusing on 'irrelevant' affairs

Dar accused of focusing on 'irrelevant' affairs

The Senate Standing Committee on Commerce Tuesday accused Finance Minister Senator Ishaq Dar of focusing on those affairs which are irrelevant to the Finance Ministry and due to this things are not going in right direction.While Senator Syed Shibli Faraz
Published 22 Mar, 2017 12:00am
Habib Bank Limited

Habib Bank Limited

Brief Introduction: HBL was established in Pakistan in 1947 as the first commercial bank. Over the period, the bank has grown staggeringly to become the largest private sector bank with over 1700 branches and 2000 ATMs across the country and a cust
Published 22 Mar, 2017 12:00am
Habib Bank Limited

Habib Bank Limited

Brief Introduction: HBL was established in Pakistan in 1947 as the first commercial bank. Over the period, the bank has grown staggeringly to become the largest private sector bank with over 1700 branches and 2000 ATMs across the country and a cust
Published 22 Mar, 2017 12:00am
Samnabad hospital to have 250 beds by end-June

Samnabad hospital to have 250 beds by end-June

The Development Projects of extension of Govt. General Hospital Samnabad from 50 to 250 beds would be completed by the end of June of current year for providing advanced and ample medical services to the patients near their door steps. This was stated by
Published 22 Mar, 2017 12:00am
'World Down Syndrome Day-2017' observed

'World Down Syndrome Day-2017' observed

Like other parts of the globe, 'World Down Syndrome Day-2017' was marked here on Tuesday with a renewed pledge to raise awareness about the disease so that by extending special attention to the children suffering from Down syndrome, they may be made usefu
Published 22 Mar, 2017 12:00am
Coca-Cola Pakistan replenishes 800 million litres of freshwater

Coca-Cola Pakistan replenishes 800 million litres of freshwater

Coca-Cola Pakistan celebrated its 7 years of association with WWF-Pakistan and recent partnership with Mountain & Glacier protection Organisation (MGPO) on World Water Day, by announcing that it has replenished, or in other words balanced, 800 million lit
Published 22 Mar, 2017 12:00am
Hepatitis filter clinics to be set up in 36 districts of Punjab: Shahbaz

Hepatitis filter clinics to be set up in 36 districts of Punjab: Shahbaz

Chief Minister of Punjab Mian Shahbaz Sharif on Tuesday presided over a high level meeting and discussed the proposals and matters relating to the establishment of hepatitis filter clinics in 36 districts of the province. The meeting decided to set up mod
Published 22 Mar, 2017 12:00am
Arrangements being finalized for setting up PRTTI: Ejaz

Arrangements being finalized for setting up PRTTI: Ejaz

Central Chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Ejaz A. Khokhar on Tuesday said that necessary arrangements are being finalized for setting up state-of-the- art Pakistan Readymade Technical Training Institute
Published 22 Mar, 2017 12:00am
Uplift scheme worth Rs 24.019 million approved

Uplift scheme worth Rs 24.019 million approved

The Punjab Provincial Development Working Party approved development scheme of Public Private Partnership (PPP) sector with an estimated cost of Rs 24.019 million. The scheme was approved in the 61st meeting of Provincial Development Working Party (PDWP)
Published 22 Mar, 2017 12:00am
LHC seeks reply from federal government by May 5

LHC seeks reply from federal government by May 5

The Lahore High Court on Tuesday sought reply by May 05 from the federal government and five regulatory bodies subjugated to their relevant ministries. The court had already suspended a notification regarding subjugation of National Electric Power Regulat
Published 22 Mar, 2017 12:00am
Shahbaz reviews progress of development projects

Shahbaz reviews progress of development projects

Punjab Chief Minister Muhammad Shehbaz Sharif presided over a meeting here Tuesday in which progress of horticulture, construction of bus terminal shades, establishment of greenbelts and other development projects were discussed. Expressing anger over del
Published 22 Mar, 2017 12:00am
Farmers' protest day today

Farmers' protest day today

Different farmers' organisations have decided to observe March 22nd as 'Protest Day' which was designated in 1993 by the United Nations as 'World Water Day' with an objective to take action to tackle the water crisis. Since then the day is coordinated by
Published 22 Mar, 2017 12:00am
Japanese investors repose confidence in transparency policies

Japanese investors repose confidence in transparency policies

A delegation of Japanese investors led by president of Morinaga Milk Industries Michio Miyahara called on Chief Minister of Punjab Mian Shahbaz Sharif on Tuesday. The delegation expressed their confidence in polices of transparency, excellent infrastructu
Published 22 Mar, 2017 12:00am
LDA auctions 22 commercial plots

LDA auctions 22 commercial plots

A total of 22 commercial plots, situated in the various housing schemes in the provincial metropolis, were auctioned by Lahore Development Authority against a sum of Rs 276 million here on Tuesday. According to details Open auction of commercial plots of
Published 22 Mar, 2017 12:00am
All overhead water reservoirs to be made functional: Aziz

All overhead water reservoirs to be made functional: Aziz

All overhead water reservoirs will be made functional which were abandoned in past due to the reasons best known to the policy makers and new overhead tanks would be constructed to supply water to new localities. This was said by Pakistan Water Operators
Published 22 Mar, 2017 12:00am
Railways to make Hopper Wagons for coal transportation

Railways to make Hopper Wagons for coal transportation

Consistency in planning and focused strategies for revival of Pakistan Railways have helped brought punctuality of trains, up-gradation of tracks and revenue of this public sector entity. Talking to media, Muhammad Hanif Gul, Divisional Superintendent (DS
Published 22 Mar, 2017 12:00am
Customs warehouse opens in Hayatabad

Customs warehouse opens in Hayatabad

Collector Customs Qurban Ali Khan formally inaugurated a new state warehouse in Hayatabad at a ceremony held here on Tuesday. In addition to the new warehouse, a huge space has been earmarked for storing smuggled goods, while barracks have been constructe
Published 22 Mar, 2017 12:00am
PAJCCI lauds Dar's efforts for opening Pak-Afghan border

PAJCCI lauds Dar's efforts for opening Pak-Afghan border

A joint delegation from Pakistan and Afghanistan under the leadership of Zubair Motiwala, Chairman PAJCCI, met under the aegis of Beyond Boundaries-a CRSS led project to discuss difficulties arising out of the abrupt closure of Pakistan-Afghanistan border
Published 22 Mar, 2017 12:00am
'Australia Day in Spring' celebrated

'Australia Day in Spring' celebrated

Australian High Commissioner Margaret Adamson Tuesday hosted 'Australia Day in Spring' at her residence for an exclusive gathering. In line with this year's theme 'Pakistan's 70th birthday and birthday of Australian recognition of Pakistan as an independe
Published 22 Mar, 2017 12:00am
Outgoing Saudi envoy calls on Sartaj Aziz

Outgoing Saudi envoy calls on Sartaj Aziz

Expressing satisfaction over the current status of bilateral relations between Pakistan and the Kingdom of Saudi Arabia, Adviser to the Prime Minister on Foreign Affairs Sartaj Aziz Tuesday said that the traditional fraternity in these ties provides a str
Published 22 Mar, 2017 12:00am
Arsenal Hoot elected PESCO bodes chief

Arsenal Hoot elected PESCO bodes chief

The newly constituted PESCO Board of Directors held its maiden meeting (114th) at Wanda House Peshawar. Chief Executive Officer (CEO) PESCO Engineer Shabir Ahmad, members Board of Directors (BoD) Ahmad Dildar, Zulfiqar Ahmad, Sardar Muhammad Tariq, Tahir
Published 22 Mar, 2017 12:00am
SC directs shifting of maid Tayca to SOS Children Village

SC directs shifting of maid Tayca to SOS Children Village

The Supreme Court on Tuesday issued directives to the authorities concerned to shift 10-year-old maid Tayca from Pakistan Sweet Home, Islamabad, to SOS Children Village, Islamabad, observing the court after two months will decide either she should remain
Published 22 Mar, 2017 12:00am
Pakistan, South Korean Exim bank sign loan agreement for IT park

Pakistan, South Korean Exim bank sign loan agreement for IT park

The loan agreement to build first state of the art multipurpose information Technology Park in Islamabad was signed between Government of Pakistan and South Korean Exim bank, here on Tuesday. Secretary Economic Affairs Division (EAD), Tariq Mahmood Pasha
Published 22 Mar, 2017 12:00am
JuD's petition adjourns till March 27

JuD's petition adjourns till March 27

The Lahore High Court on Tuesday adjourned the hearing of a petition of Jamatud Dawa(JuD) Chief Hafiz Saeed and his four aides for further arguments to March 27. AK Dogar, counsel for Hafiz Saeed, submitted that his clients are serving the humanity. The c
Published 22 Mar, 2017 12:00am
Moot on sustainable business practices begins

Moot on sustainable business practices begins

Provincial minister for higher education Syed Raza Ali Gillani on Tuesday said that sustainable business practices can turn challenges into opportunities. Effective business management skills are important as these abilities involve planning and goal sett
Published 22 Mar, 2017 12:00am
LPG price up by Rs five per kg

LPG price up by Rs five per kg

The price of liquefied petroleum gas (LPG) has gone up by Rs 5 per kilogram with immediate effect. The price of a domestic cylinder, weighing 11.5-kilogram LPG, has increased by Rs 50 while a commercial cylinder has become dearer by Rs 200. The LPG Distri
Published 22 Mar, 2017 12:00am
Two SHOs suspended

Two SHOs suspended

Acting Inspector General of Police (AIGP) Khyber Pakhtunkhwa Syed Akhtar Ali Shah has suspended two SHOs of police station Kalo Khan distt: Swabi and police station Yaqub Khan distt: Karak on charges of links with criminals and drug peddlers with immediat
Published 22 Mar, 2017 12:00am
Dwellers of Shami Road demand stoppage of commercial activity

Dwellers of Shami Road demand stoppage of commercial activity

Dwellers of Shami Road, a posh locality of the city have opposed the proposed plan of Cantonment Board Peshawar (CBP) to construct a multi-story plaza in the area and demanded of the concerned quarters to take notice of commercial activity in a purely res
Published 22 Mar, 2017 12:00am
Pak-Iran banking channel to be operational soon

Pak-Iran banking channel to be operational soon

The much awaited banking transactions between Pakistan and Iran are expected to start in the first half of April 2017. The central banks of both the neighbouring countries have agreed to issue Letters of Credit (LoCs), the payment mechanism for bilateral
Published 22 Mar, 2017 12:00am
Energy crisis to end soon, says minister

Energy crisis to end soon, says minister

Federal Minister for Planning and Development Ahsan Iqbal said that energy crisis in the country is going to end soon due to the effective and fast-track measures taken by the present government. Addressing the ground-breaking ceremony of two 660-megawatt
Published 22 Mar, 2017 12:00am
Fesco CCO issues show-cause notice to Xen, SDOs

Fesco CCO issues show-cause notice to Xen, SDOs

Chief Commercial Officer (CCO) FESCO Sardar Masood Iqbal inspected different Divisional & Sub Divisional Offices of Sargodha Circles and issued show-cause notices to an Executive Engineer (XEN), 6 Sub Divisional Officers (SDOs), 3 Revenue Officers (ROs),
Published 22 Mar, 2017 12:00am
Shahbaz terms SL's gift of corneas for blinds 'a noble act'

Shahbaz terms SL's gift of corneas for blinds 'a noble act'

A delegation of Sri Lankan donors who donated 10 corneas for blinds in Punjab called on Chief Minister Shahbaz Sharif. President Sri Lanka-Pakistan Friendship Trade and Investment Association Iftikhar Aziz, President Pakistan Sri Lanka Friendship and Inve
Published 22 Mar, 2017 12:00am
Pakistan and Afghanistan share common culture, religion: Jhagra

Pakistan and Afghanistan share common culture, religion: Jhagra

Governor Khyber Pakhtunkhwa Iqbal Zafar Jhagra while felicitating Afghan citizens on the occasion of Nowroz Festival said that Afghanistan and Pakistan are two neighbouring countries sharing same traditions, culture and religion apart from that they mutua
Published 22 Mar, 2017 12:00am
CPEC to be part of Boao's World Forum's agenda: spokesman

CPEC to be part of Boao's World Forum's agenda: spokesman

Pak-China Economic Corridor (CPEC) is likely to be major focus area of the 2017 Boao Forum for Asia annual conference to be held from March 23 to 26 in South China's Hainan province. Participants from around the World including Pakistan discuss Asia's fut
Published 22 Mar, 2017 12:00am
PPL's PAT soars to Rs 6.048 billion

PPL's PAT soars to Rs 6.048 billion

The profit after tax (unconsolidated) of Pakistan Petroleum Limited (PPL) has soared to Rs 6.048 billion in the quarter ending December 31, 2016 as compared to Rs 5.979bn earned in the corresponding period of 2015. The company's earning per share increase
Published 22 Mar, 2017 12:00am
PPL's PAT soars to Rs 6.048 billion

PPL's PAT soars to Rs 6.048 billion

The profit after tax (unconsolidated) of Pakistan Petroleum Limited (PPL) has soared to Rs 6.048 billion in the quarter ending December 31, 2016 as compared to Rs 5.979bn earned in the corresponding period of 2015. The company's earning per share increase
Published 22 Mar, 2017 12:00am
Two KCCI employees selected for Hajj

Two KCCI employees selected for Hajj

The Karachi Chamber of Commerce and Industry (KCCI)'s Hajj-2017 balloting ceremony was held in which two of KCCI employees were selected to perform Hajj this year on KCCI's expense. KCCI Hajj Balloting ceremony was presided over by President KCCI, Shamim
Published 22 Mar, 2017 12:00am
Bilawal offers Nauroz greetings to Parsis

Bilawal offers Nauroz greetings to Parsis

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari on Tuesday extended Nauroz greetings to the Parsi community, on the New Year celebrations being performed tomorrow in Pakistan and all over the world. In his message, the PPP Chairman appreciate
Published 22 Mar, 2017 12:00am
Nokia launching smartphones, 3310 new version

Nokia launching smartphones, 3310 new version

The HMD Nokia is launching its three android-based smartphones and a new version of the old feature mobile in Pakistan by late quarter-II this year. The new Nokia handsets include: Nokia 6, Nokia 5 and Nokia 3, besides a new version of Nokia 3310. "We bel
Published 22 Mar, 2017 12:00am
7th annual scientific symposium held at LGH

7th annual scientific symposium held at LGH

Member Board of Management, Post Graduate Medical Institute (PGMI)/Commissioner Overseas Pakistanis Commission (OPC) Punjab, Afzaal Bhatti has said that PGMI has a distinguished status as well as a unique seat of quality learning in the field of medical r
Published 22 Mar, 2017 12:00am
National Foods adopts Microsoft Cloud platform

National Foods adopts Microsoft Cloud platform

National Foods, The food brand of Pakistan has decided to opt for Microsoft Cloud platform. The Microsoft 365 solution will be rolled out to 600+ employees globally. The migration is reliant towards the company's objective of sustainability and scalabilit
Published 22 Mar, 2017 12:00am
PBC suggests reforms for promoting capital, investment

PBC suggests reforms for promoting capital, investment

CEO of Pakistan Business Council (PBC), Ehsan A Malik said that the government should revisit the changes made in past few years which have effectively dismantled the policy framework for capital formation. In a letter to Prime Minister Nawaz Sharif, he a
Published 22 Mar, 2017 12:00am
Ferrari commander surrenders

Ferrari commander surrenders

While operation Radd-ul-Fasad continues, BSN Ferrari Commander along with 20 other persons surrendered to Pakistan Rangers Punjab. Surrendered Ferrari commander informed that they had been funded and supported by RAW of India through Brahamdagh Bugti. He
Published 22 Mar, 2017 12:00am
Haroon and Irshad visit DG I&I

Haroon and Irshad visit DG I&I

Haroon Akhtar Khan, Special Assistant to PM on Revenue /Minister of State and Dr Muhammad Irshad, Chairman, FBR/Secretary Revenue Division visited the Directorate General of Intelligence and Investigation -FBR, Headquarters at Islamabad to review the perf
Published 22 Mar, 2017 12:00am
Justice Chaudhry availed more benefits than others, Senate told

Justice Chaudhry availed more benefits than others, Senate told

Minister for Law and Justice Zahid Hamid on Tuesday informed the Senate that except former Chief Justice Iftikhar Muhammad Chaudhry, no other chief justice or judge had availed the benefits over and above those allowed under the law or rules.
Published 22 Mar, 2017 12:00am
PRBT to help solve commuters' issues: Khattak

PRBT to help solve commuters' issues: Khattak

Khyber Pakhtunkhwa Chief Minister Pervez Khattak has termed the Peshawar Rapid Bus Transit (PRBT) Project as first-ever golden-standard third generation project of the entire subcontinent that would give efficient commuting services to the entire Peshawar
Published 22 Mar, 2017 12:00am
Seven students injured in PSF-IJT clash

Seven students injured in PSF-IJT clash

A clash between Pashtun Students Federation (PSF) and Islami Jamiat Talba (IJT), two rival groups in Punjab University, on Tuesday left seven students injured. According to reports, the PSF was celebrating cultural day when a rival student group, IJT, arr
Published 22 Mar, 2017 12:00am
Pak Suzuki Motor's PAT stands at Rs 2.772 billion

Pak Suzuki Motor's PAT stands at Rs 2.772 billion

The profit after tax of Pak Suzuki Motor Company stood at Rs 2.772 billion in the year ended December 31, 2016 as compared to Rs 5.842 billion earned in the year 2015. The company's earning per share stood at Rs 33.69 in the period under review against Rs
Published 22 Mar, 2017 12:00am
Pak Suzuki Motor's PAT stands at Rs 2.772 billion

Pak Suzuki Motor's PAT stands at Rs 2.772 billion

The profit after tax of Pak Suzuki Motor Company stood at Rs 2.772 billion in the year ended December 31, 2016 as compared to Rs 5.842 billion earned in the year 2015. The company's earning per share stood at Rs 33.69 in the period under review against Rs
Published 22 Mar, 2017 12:00am
Importers face undue delay in clearance of goods at AFU

Importers face undue delay in clearance of goods at AFU

Importers are now facing a week's delay in the clearance of consignments at Air Freight Unit (AFU), Karachi as the customs department has started examining 100 percent consignments following the seizure of Rs 48 million worth cellphones by the Directorate
Published 22 Mar, 2017 12:00am
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