News Archives for Print - 2017-05-03

Print - 2017-05-03

PEC chief visits Wapda House Peshawar

Chairman Pakistan Engineering Council (PEC) Javed Saleem Qureshi visited Peshawar Electric Supply Company (Pesco) Headquarters on Tuesday. The chairman PEC held an important meeting with Pesco Officers. Chief Executive Pesco, Engineer Shabir Ahmad; Chief

Published 03 May, 2017 12:00am

Exchange

Militant attack from Afghanistan repelled

Pakistani soldiers and the Taliban exchanged intense fire in a restive tribal region along the border with Afghanistan, with each side claiming to have inflicted severe damages on the other. The army said it repelled an attack by militants who sneaked acr

Published 03 May, 2017 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 02, 2017).

Published 03 May, 2017 12:00am

Exchange

Militant attack from Afghanistan repelled

Published 03 May, 2017 12:00am

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Tuesday (May 02, 2017).

Published 03 May, 2017 12:00am

Pakistan welcomes Erdogan's Kashmir dialogue offer

India's contention that Kashmir issue is, primarily, an issue of cross-border terrorism, is a claim that no one in the world is prepared to accept, said Sartaj Aziz, Adviser to the Prime Minister on Foreign Affairs. In a statement on Tuesday, following In

Published 03 May, 2017 12:00am

Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Tuesday (May 02, 2017).

Published 03 May, 2017 12:00am

Pakistan welcomes Erdogan's Kashmir dialogue offer

Published 03 May, 2017 12:00am

Lahore Paper Market Rates

Paper market rates in rupees on Tuesday (May 02, 2017).

Published 03 May, 2017 12:00am

Iranian FM due today to discuss military alliance

Iranian Foreign Minister Javad Zarif will arrive on a daylong visit to Pakistan on Wednesday (today) to hold talks with Pakistani authorities on a range of issues including the 41-member military alliance of the Islamic countries and the recent incident o

Published 03 May, 2017 12:00am

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Tuesday (May 02, 2017)

Published 03 May, 2017 12:00am

Iranian FM due today to discuss military alliance

Published 03 May, 2017 12:00am

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Tuesday (May 02, 2017).

Published 03 May, 2017 12:00am

'5-year SME plan made part of Pakistan Vision 2025'

The five-year SME Development Plan outlined by the Small and Medium Enterprises Development Authority (SMEDA) has been made part of Pakistan Vision 2025 approved by the federal government. The plan envisages SME sector's growth through valuable contributi

Published 03 May, 2017 12:00am

Exchange

LME official prices

The following were Monday official prices.

Published 03 May, 2017 12:00am

GEPCO's electricity shortfall comes down to 83 megawatts

The electricity shortfall of the Gujranwala Electric Power Company (GEPCO) has come down to only 83 megawatts providing much relief to this exports oriented cottage and small industries hub of the country, GEPCO spokesman told Business Recorder on

Published 03 May, 2017 12:00am

Exchange

LME official prices

The following were Monday official prices.

Published 03 May, 2017 12:00am

PHEC chairman for market-based education

Punjab Higher Education Commission Chairman Professor Dr Nizamm-uddin has called upon the need to assess factors behind unemployment and provide market-based education to students at universities and colleges. He was addressing the 5th degree awarding cer

Published 03 May, 2017 12:00am

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Tuesday (May 02, 2017).

Published 03 May, 2017 12:00am

Exchange

Woeful FIPI decline

Recent data compiled by the National Clearing Company of Pakistan Limited (NCCPL) revealed that foreign investors are continuously withdrawing their investments from Pakistan's capital market. In April 2017, foreign portfolio investors sold 36.276 million

Published 03 May, 2017 12:00am

The Weather

The weather report on Tuesday (May 02, 2017) and the forecast for Wednesday (May 03, 2017).

Published 03 May, 2017 12:00am

What a farce!

As the visiting Turkish President Erdogan called for a "multilateral dialogue" on Kashmir to prevent "more casualties" his hosts in New Delhi were left with no option but to drown his voice, which they did by raising a hue and cry that Pakistan mutilated

Published 03 May, 2017 12:00am

Budget - a new approach

There are so many approaches to budget making. But without a clear-cut objective or definite goal budget making becomes more of an exercise in fiction writing. That too very bad fiction - rather a nightmare. During the Paris Club days, a notional budget w

Published 03 May, 2017 12:00am

Exchange

Panama judgement: A missed fiscal reform opportunity

There are stages in the lives of the nations when they feel fed up with extreme oppression and suffrage at the hands of governments, elite and leadership. Such state of affairs also creates disillusionment with the legal system while lack of developed ins

Updated 03 May, 2017 10:06am

British PM under pressure over Brexit dinner row

British Prime Minister Theresa May's Brexit strategy came under fresh scrutiny Tuesday following reports of a disastrous meeting with European Commission chief Jean-Claude Juncker. May has dismissed as "Brussels gossip" accounts of tension at last week's

Published 03 May, 2017 12:00am

Exchange

Ease of doing business

We hold Business Recorder in high esteem, but your editorial "Ease of doing business" (April 25) contains undue criticism of regulatory authorities without taking into consideration various reforms introduced by relevant organisations involved in D

Published 03 May, 2017 12:00am

CM enquires after Kh Salman's health

Punjab Chief Minister Muhammad Shahbaz Sharif visited the residence of provincial minister for Specialized Healthcare and Medical Education Khwaja Salman Rafique annd inquired about his health. He prayed for the early recovery of Khwaja Salman Rafique and

Published 03 May, 2017 12:00am

Saudi Arabia deports 20 more Pakistanis

Saudi Arabia has deported twenty more Pakistanis for overstaying their visas or violating the rules of work. Sources told that the deportees were sent back to Pakistan on separate flights whereas Allama Iqbal International Airport authorities allowed them

Published 03 May, 2017 12:00am

Ground-breaking of Layyah-Taunsa Bridge: 10,000 megawatts will be added to national grid by next year: Nawaz

Prime Minister Muhammad Nawaz Sharif has said the country is moving ahead on path of swift development. Addressing a huge gathering after ground-breaking of Rs 7 billion Layyah-Taunsa Bridge here on Tuesday, he said the political opponents afraid of growi

Published 03 May, 2017 12:00am

KP government failed to deliver to masses: Marriyum

Minister of State for Information, Broadcasting and National Heritage Marriyum Aurangzeb on Tuesday said that the Khyber Pakhtunkhwa government had failed to deliver to the masses and fulfil the promises that its leadership had made with them, with the re

Published 03 May, 2017 12:00am

Wheat crop burnt to ashes

Wheat crop on seven acres of land was burnt to ashes rendering huge losses to the growers here on Tuesday. Rescue sources said that fire initiated from unknown sources erupted wheat crop ready to harvest in village Chaba Sindhwan of Gujranwala.

Published 03 May, 2017 12:00am

Foreign-funded projects: Dar stresses transparency, early completion

Federal Minister for Finance Senator Ishaq has stressed the need of judicious and transparent utilisation of foreign funds on development projects and said their speedy implementation would facilitate achievement of government's objective of inclusive hig

Published 03 May, 2017 12:00am

Cancellation of B Form: Minor approaches LHC

A minor Abdullah here Tuesday has approached the Lahore High Court challenging cancellation of his B-Form/CNIC by Nation Data Base and Registration Authority (NADRA) through his mother.

Published 03 May, 2017 12:00am

MQM-P suggests PM to step down

Muttahida Qaumi Movement (Pakistan) Farooq Sattar has suggested the Prime Minister to step down in the wake of opposition demand. While addressing a press conference at Lahore press club here on Tuesday MQM leader said they are restructuring their party i

Published 03 May, 2017 12:00am

Violation of licences' rules: Ogra issues show-cause notices to three OMCs

The Oil and Gas Regulatory Authority (Ogra) on Wednesday issued show cause notices to three oil marketing companies (OMCs) over breach of obligations of their licences. As per condition of the licences, these OMCs can not construct, develop or own any ret

Published 03 May, 2017 12:00am

Summer holidays from June 1 to July 31

Sindh Education department has announced summer holidays for educational institutions in the province. According to a notification issued here, the summer vacations would be observed from 1st June to 31 July, 2017.

Published 03 May, 2017 12:00am

Exchange

PPP, PML-F abstain: Sindh PA adopts PML-N resolution against Imran

Amid intra-opposition war of words, an anti-Imran Khan resolution tabled by the PML-N's woman legislator Surath Thebo, was adopted by Sindh Assembly due to abstention of the ruling PPP's legislators. Despite rumpus, the Sindh Assembly adopted resolution a

Published 03 May, 2017 12:00am

Sindh Tajir Ittehad condemns cracker attack

Sindh Tajir Ittehad chairman Shaikh Habib condemned the cracker attack on Nadeem Electronic shop in Orangi Town. In a statement, he asked the Director General Pakistan Rangers (Sindh) and Inspector General Police Sindh to take the terrorists to task so th

Published 03 May, 2017 12:00am

Elahi for construction of KBD to overcome water crisis

Advocating the construction of Kalabagh Dam, Pakistan Muslim League senior leader Chaudhry Pervaiz Elahi Saturday said the only solution to overcome issues of water scarcity and load shedding lies in immediate construction of this dam. "Kalabagh Dam shoul

Published 03 May, 2017 12:00am

Mutual Funds

SECP lays down criteria for investment by mutual funds

The Securities and Exchange Commission of Pakistan (SECP) has laid down the criteria for mutual funds' investment in listed equity securities. The criteria has been finalized to safeguard the interests of unit holders of collective investment schemes whil

Published 03 May, 2017 12:00am

HDIP decides to take action against employee

Hydrocarbon Development Institute of Pakistan (HDIP) has decided to take disciplinary action against one of its employees for accusing Oil and Gas Regulatory Authority (OGRA) of responsible for deaths in LPG and CNG sector. A letter written by Director Ge

Published 03 May, 2017 12:00am

Chickenpox virus can prove deadly for adults: experts

Health experts have warned that virus of chickenpox may become dangerous, if it hit the adults, as health complications already persisting in them may causes mortality due to co-morbidity. "Chickenpox is known as a common disease among the children and th

Published 03 May, 2017 12:00am

Gas price equalization not constitutionally possible: experts

The country-wide gas price equalization is not constitutionally possible with energy sector experts urging the government to consider equalizing the price of energy whatever the source - coal, fuel, oil or gas - on the basis of British Thermal Unit (BTU).

Published 03 May, 2017 12:00am

'Million march' will create history: Kamal

The Chairman Pak Sarzameen Party Syed Mustafa Kamal has said PSP will continue its struggle for the rights of the people and the million march scheduled in Karachi will create a history in the politics of the country. Syed Mustafa Kamal expressed these re

Published 03 May, 2017 12:00am

FIA registers FIR against ex-chairman CDA

The Federal Investigation Agency (FIA) on Tuesday registered a formal first information report (FIR) against former chairman Capital Development Authority (CDA) Kamran Lashari and members of CDA Board in the Grand Hyatt scam case. Besides Lashari, FIA boo

Published 03 May, 2017 12:00am

68 more held for power-theft in KP

On the directives of Chief Executive, Pesco Engineer Shabir Ahmad, drive against illegal use of electricity has been accelerated throughout Khyber Pakhtunkhwa. In this connection Pesco Surveillance Wapda House Teams conducted raids in different areas of K

Published 03 May, 2017 12:00am

Beggars' Home gets Rs 19 million for clearing liabilities

The Beggars' Home Lahore has received a sum of Rs 19 millions from the provincial government for clearing its 'outstanding liabilities' including the salaries of its officials which were not paid for the last 10 months due to lack of funds, official sourc

Published 03 May, 2017 12:00am

USF Company yet to get NOC for executing telecom projects in Fata

The Universal Service Fund Company (USF Co) is all set to approve bidding process of multibillion rupees contracts without conducting mandatory prior survey in three agencies of Fata, revealed USF officials. The political administration and Headquarter 11

Published 03 May, 2017 12:00am

WHO team on 'Chikungunya' arrives

A nine-member delegation of World Health Organisation (WHO) consisting of experts on "Chikungunya" arrived in Karachi on Tuesday. According to Provincial Health Department, the delegation will visit different hospitals and areas affected by Chikungunya an

Published 03 May, 2017 12:00am

DawnLeaks report: PTI submits resolution in NA

Pakistan Tehreek-e-Insaf (PTI) on Tuesday submitted a resolution in National Assembly, demanding the government to bind the Interior Ministry to present the Dawn Leaks report in the Parliament. The resolution submitted by PTI MNA Murad Saeed stated that t

Published 03 May, 2017 12:00am

'Online spend to surpass print in Pakistan by next year,' CEO, Starcom Mediavest Group Pakistan

Having worked in various markets, Omar Abedin has a diverse experience of managing multinational portfolios including Reckitt Benckiser, Johnson & Johnson, Novartis, and IFFCO. He adds meaningful quantitative and qualitative dimensions to communications m

Published 03 May, 2017 12:00am

'Online spend to surpass print in Pakistan by next year,' CEO, Starcom Mediavest Group Pakistan

Published 03 May, 2017 12:00am

Counterfeit cigarettes: FBR putting in place systems to stop supply chain

The Federal Board of Revenue (FBR) is taking enforcement measures to place effective systems to stop the supply chain of non-duty paid/counterfeit cigarettes, creating disincentive for the illicit players from making profits. It is learnt that the FBR has

Published 03 May, 2017 12:00am

PPD spends Rs 50 million on rehabilitation of Muree Post Office

Pakistan Post Department (PPD) has spent Rs 50 million on restoration/rehabilitation of Muree Post Office while amount of Rs 20 million was paid to daily-wages employees without following codal formalities. This was revealed in the meeting of National Ass

Published 03 May, 2017 12:00am

Rs 10 billion 'bribe': LHC moved

A lawyer has approached the Lahore High Court seeking an order for an investigation into an alleged offer of rupees ten billion that someone purportedly made to Imran Khan for abandoning his stance in relation to the Panama papers issue. A bar member Ghaz

Published 03 May, 2017 12:00am

PARTLY FACETIOUS: The PM and his team

"The only federal minister with some backbone is Chaudhary Nisar."

Published 03 May, 2017 12:00am

Yusuf Shirazi's book wins Writers Guild award

Pakistan Writers Guild announced awards for the best books nominated in the competition of 2013-2014. The first prize in Urdu literature was awarded to Yusuf Hussain Shirazi for his book "Khudmukhtari Kaise?" Shirazi has previously won the Best Book of th

Published 03 May, 2017 12:00am

9th NFC Award won't materialise anytime soon: Bengali

The third consultative session on National Finance Commission (NFC) Award was held at Balochistan University of Information Technology, Engineering and Management Sciences (BUITEMS), Quetta on Tuesday. Speaking on the occasion, Dr Kaiser Bengali, senior e

Published 03 May, 2017 12:00am

NMC delegation meets DG Information

A five-member delegation of National Management Course (NMC) met with Director General Information at his office, here on Tuesday. Director General Sindh Information Department, Sami Siddiqui briefed the visiting delegation about the functioning of the Si

Published 03 May, 2017 12:00am

Soneri Bank participates in e-Banking 2017 conference

Today the banking landscape is undergoing a phenomenal transformation with emerging technologies in the financial service sector. Banks are keen in exploring and investing in new technologies to face the changing dynamics of the market today. Industry is

Published 03 May, 2017 12:00am

KE refutes claims

In response to baseless allegations being pushed from some quarters, K-Electric has re-iterated that it refutes any claims of over-billing including falsely proclaimed Rs 62 billion, declaring them as baseless. These claims have already been completely re

Published 03 May, 2017 12:00am

JI ends anti-KE protests

The Jamaat-e-Islami called off the sit-in against K-Electric on Tuesday after Sindh governor Muhammad Zubair gave assurances to the party he will look into complaints against the company within 15 days. The chief of the Jamaat in Karachi, Hafiz Naeem-ur-R

Published 03 May, 2017 12:00am

IG Sindh's case: SHC adjourns hearing till today

Sindh High Court (SHC) has adjourned hearing of a petition seeking contempt of court proceeding against Sindh government for removing Inspector General of Police (IGP) Sindh A D Khwaja till Wednesday due to the absence of the petitioner lawyer. The court

Published 03 May, 2017 12:00am

PPL-funded NICU opens at Indus Hospital

MD & CEO Pakistan Petroleum Limited (PPL) Syed Wamiq Bokhari inaugurated the PPL-funded Neonatal Intensive Care Unit (NICU) at Indus Hospital's Shaikh Saeed Memorial Campus (SSMC), Karachi on Tuesday. CEO, IH Dr Abdul Bari Khan and Senior Manager Administ

Published 03 May, 2017 12:00am

APML ready to join hands with PTI: Musharraf

Former president and head of All Pakistan Muslim League (APML) Pervez Musharraf has said that both Pakistan Muslim League-Nawaz (PML-N) and Pakistan People's Party (PPP) are corrupt but predicted that these parties are set to win the next general election

Published 03 May, 2017 12:00am

Gutka manufacturing units to be sealed: Mayor

Mayor Karachi Wasim Akhtar has directed that action should be taken against all Gutka manufacturers in the limits of KMC and all such units and persons be warned that these would be sealed if they don't not close down their business. He said this while ad

Published 03 May, 2017 12:00am

Over 2000 closed schools reopened, claims minister

Sindh Minister for Education and Literacy Jam Mehtab Hussain Dahar has said that a huge amount is being allocated for education sector in the coming budget "Comprehensive policies will be adopted in the year 2017-18," he said, adding that Sindh education

Published 03 May, 2017 12:00am

IBA course on Islamic Accounting Standards

IBA Centre for Excellence in Islamic Finance announced a one-day course on "Framework for Islamic Accounting Standards and Disclosures in IFIs" on 12th May, 2017. The course is uniquely designed for participants seeking to develop an understanding of the

Published 03 May, 2017 12:00am

Exchange

CDWP to discuss 18 uplift projects worth Rs 200 billion today

The Central Development Working Party (CDWP) will discuss as many as 18 development projects at an estimated cost of Rs 200 billion for approval on Wednesday (today). The CDWP would also recommend the projects whose cost is more then three billion rupees

Published 03 May, 2017 12:00am

FPA warns government of delay in implementing Fata reforms

Fata Political Alliance (FPA) has warned the federal government of protest campaign against unnecessary delay in the implementation of the proposed reforms in tribal region. Speaking at a seminar on 'Fata Reforms' at Peshawar Press Club on Tuesday, FPA pr

Published 03 May, 2017 12:00am

NA body may visit LoC, Siachen, NWA

A parliamentarian panel is likely to visit different borders of the country so as to interact and boost the morale of personnel of the armed forces deployed there. A meeting of National Assembly Standing Committee on Defence was held here on Wednesday und

Published 03 May, 2017 12:00am

World Asthma Day observed

Like other parts of the globe, World Asthma Day was observed in Pakistan on Tuesday to raise awareness, care and support for those affected by the disease. Various activities have been planned to mark the day by medical and educational institutions, hospi

Published 03 May, 2017 12:00am

Pooja Bhatt flies back to Mumbai

Bollywood actress and director Pooja Bhatt flew to Mumbai on Monday after spending 20 days in Pakistan. Despite of the tense situation between the neighbouring countries, Pooja frequently visits Pakistan to attend events and meet her Pakistani celebrity f

Published 03 May, 2017 12:00am

Loadshedding, agri water: PPP's planned protests to target federal government

Pakistan Peoples Party's planned May protests would target the federal government particularly with respect to heavy loadshedding and water releases for agriculture while Pakistan Tehreek-e-Insaf would focus on protesting against the shortcomings of the S

Published 03 May, 2017 12:00am

Assault on female passengers: NA body seeks action against FIA officials

The National Assembly Standing Committee on Interior and Narcotics Control on Tuesday expressed serious concerns over assault on two female passengers by officials of Federal Investigation Agency (FIA) at Benazir Bhutto International Airport and recommend

Published 03 May, 2017 12:00am

FBR fetes outgoing members on retirement

A meeting of the Board-in-Council of FBR was held with Chairman FBR Dr Muhammad Irshad in the chair to bid farewell to Raana Seerat, Member Taxpayers Audit FBR, and Shahid Zamam, Member Accounting FBR, on their retirement from service.

Published 03 May, 2017 12:00am

Kvitova back practising after hand injury

Two-time Wimbledon champion Petra Kvitova returned to the tennis court on Tuesday, more than four months after her left hand was badly injured in a knife attack. The 27-year-old Czech posted a picture of herself hitting a ball on a practice court in Monac

Published 03 May, 2017 12:00am

IS attack kills dozens at Syria camp

A jihadist assault led by suicide bombers killed dozens Tuesday at a camp for the displaced near Syria's border with Iraq, as pressure grows on the Islamic State group in both countries. The violence left at least 38 people dead and came as another surpri

Published 03 May, 2017 12:00am

Israel shows off F-35 stealth fighters for first time

Israel showed off its new F-35 stealth fighter jets recently delivered from the United States on Tuesday as part of an air show marking its annual Independence Day celebrations. Three of Israel's five stealth fighters took to the skies along the Mediterra

Published 03 May, 2017 12:00am

Czech PM Sobotka quits

Czech Prime Minister Bohuslav Sobotka announced his shock resignation Tuesday in a high-stakes row with billionaire finance minister, Andrej Babis, a popular political rival tipped to win elections later this year. "I will shortly - probably this week - p

Published 03 May, 2017 12:00am

Iran to keep up military support for Syria regime: commander

Iran will maintain its support for the Syrian government despite the deaths of hundreds of its advisers and volunteers in the six-year civil war, a commander said in comments published Tuesday. Shia Iran and its Lebanese ally Hezbollah are the Syrian regi

Published 03 May, 2017 12:00am

At least six killed in South Korea crane accident

At least six Samsung workers building a $500 million ocean platform for French energy giant Total were killed in a shipyard crane accident, South Korean authorities said Tuesday. Two cranes collided at the shipyard in the southeastern port of Geoje, causi

Published 03 May, 2017 12:00am

Erdogan warns Turkey could 'say goodbye' to EU

President Recep Tayyip Erdogan warned on Tuesday that Turkey would bring the curtain down on its over half-century bid to join the European Union if new accession chapters were not opened. Erdogan's threat to say "goodbye" to the EU came just minutes afte

Published 03 May, 2017 12:00am

North Korea says US bomber flights push peninsula to brink of nuclear war

North Korea accused the United States on Tuesday of pushing the Korean peninsula to the brink of nuclear war after a pair of strategic US bombers flew training drills with the South Korean and Japanese air forces in another show of strength. The two super

Published 03 May, 2017 12:00am

Malaysia Airlines reaches settlement with family over MH17

Malaysia Airlines announced Tuesday it has reached a settlement with an Australian family who lost four family members on Flight MH17. Perth couple Anthony Maslin and Marite Norris lost their children Evie, 10, Mo, 12, and Otis, 8, along with their grandf

Published 03 May, 2017 12:00am

Malaysia Airlines reaches settlement with family over MH17

Published 03 May, 2017 12:00am

Merkel pushes Putin on Ukraine, gay rights

German Chancellor Angela Merkel and President Vladimir Putin insisted Tuesday that there was no alternative to a stalled Ukraine peace plan as they struggled to mask deep rifts during a first meeting in Russia since 2015. Merkel pushed Putin at a frosty e

Published 03 May, 2017 12:00am

Uruguayans sign up for state cannabis in world first

Pot-smokers in Uruguay on Tuesday became the first in the world to sign up to buy state-vetted cannabis for recreational use, as pharmacies aim to start selling it in July. Far from the cannabis cafes of the Netherlands and other states that have decrimin

Published 03 May, 2017 12:00am

Azhar Ali nears century as Pakistan grind away

Azhar Ali crawled to within six runs of a hundred as Pakistan reached 226 for three at lunch on the third day of the second Test at Kensington Oval in Barbados on Tuesday. Misbah ul Haq was also at his most obdurate as a tedious morning's play saw the tou

Published 03 May, 2017 12:00am

Ibrahimovic 'fixed' by knee surgery

Manchester United striker Zlatan Ibrahimovic has been "fixed" and feels "stronger" after undergoing knee surgery in the United States, he said on Tuesday. "Fixed, done and stronger," Ibrahimovic posted on his official Instagram account, accompanied by a p

Published 03 May, 2017 12:00am

Worcestershire sign Aussie Lyon

Australia off-spinner Nathan Lyon has signed for Worcestershire for the duration of the Champions Trophy, the English county side confirmed on Tuesday. Lyon - who has taken 247 wickets in 67 Tests - replaces pace bowling compatriot John Hastings who will

Published 03 May, 2017 12:00am

Bangladesh ban bowler for conceding 92 off four balls

Bangladesh on Tuesday imposed a 10-year ban on a bowler who deliberately lost a match by conceding 92 runs off just four legal deliveries in protest at umpiring decisions. Sujon Mahmud from Lalmatia Club was found guilty by the Bangladesh Cricket Board of

Published 03 May, 2017 12:00am

Peshawar win KP Inter-Regional Cycling title

Peshawar clinched the trophy of the Khyber Pakhtunkhwa Inter-Region Cycling Championship organised here at Northern By-Pass Road by securing 50 points. Adviser to the Chief Minister on Law and Parliamentary Affairs Arif Yousaf was the chief guest on this

Published 03 May, 2017 12:00am

Celta eye famous upset of injury-hit Man United

Celta Vigo are confident they have the mental strength to upset an injury-hit Manchester United in the Europa League semi-finals, according to the Spanish side's striker John Guidetti. The Galician club have never won a major European trophy while United

Published 03 May, 2017 12:00am

Million-dollar Stokes hits maiden T20 century

Rising Pune Supergiant's record-breaking investment in Ben Stokes has paid dividends, with the England allrounder delivering a blistering maiden Twenty20 century to secure his Indian Premier League team a crucial victory. Stokes - whose $2.16 million cont

Published 03 May, 2017 12:00am

Greece, creditors look to debt relief after provisional fiscal deal

Greece and its creditors on Tuesday closed a troubled chapter on fiscal reforms with a preliminary deal on pension and tax cuts, offering hope for a debt relief agreement later this month. "This is a balanced and viable agreement," government spokesman Di

Published 03 May, 2017 12:00am

European factories started Q2 at lively pace

European manufacturers began the second quarter at a brisk pace, with the euro zone's factories increasing activity at the fastest rate in six years and Britain's still benefiting from a weak currency, surveys showed. The upbeat surveys come ahead of pres

Published 03 May, 2017 12:00am

Germany's Bosch sells subsidiary to China's ZMJ

Germany's Bosch, the world's largest auto parts supplier, said Tuesday it had sold its subsidiary making starter motors and generators to a Chinese buyer. It did not disclose the price, but industry sources estimated it at more than 500 million euros ($55

Published 03 May, 2017 12:00am

New virtual currency tied to oil takes aim at bitcoin

A new virtual currency launched Tuesday aims to rival industry leader bitcoin by pegging its value to hard oil assets, a first in the rapidly growing digital money sector. The currency called "bilur" and created by London-based financial services company

Published 03 May, 2017 12:00am

Greece, creditors look to debt relief after provisional fiscal deal

Published 03 May, 2017 12:00am

Previous Day

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 15	281.68
USD PKR Interbank Buying / May 15	281.43
USD to Japanese Yen / May 15	145.80
USD to Swiss Franc / May 15	0.84
Pound Sterling to USD / May 15	1.33
Euro to USD / May 15	1.12
UK LIBOR % / May 14	4.96

Stock	Volume
S&P 500 / May 14	5,892.58
Nasdaq / May 14	19,146.81
Dow Jones / May 14	42,051.06
India Sensex / May 15	80,937.53
Tokyo Nikkei / May 15	37,755.51
Hang Seng / May 15	23,453.16
FTSE 100 / May 15	8,561.58
Germany DAX 30 / May 15	23,462.44
France CAC40 / May 15	7,814.71

Item	Value
Karachi Cotton PKR/37.32 KG / May 14	16,985
Gold 10 Grams PKR / May 14	293,124
Petrol/Litre / May 15	252.63
Crude Oil USD/Barrel / May 15	60.66
Gold Spot USD/Ounce / May 15	3,162.99
Diesel/Litre / May 15	256.64
Cotton US¢/pound / May 15	65.21

Gainers
Losers
Leaders

Stock	Price
Cres.Star Ins. / May 15 Crescent Star Insurance Limited(CSIL)	3.02 ▲ 0.41 (15.71%)
Parmount Sp. / May 15 Paramount Spinning Mills Limited(PASM)	3.70 ▲ 0.46 (14.2%)
Ghani Chemworld / May 15 Ghani Chemworld Limited(GCWL)	9.14 ▲ 1 (12.29%)
S.G.Power / May 15 S.G. Power Limited(SGPL)	8.65 ▲ 0.94 (12.19%)
Premier Insurance / May 15 Premier Insurance Limited(PINL)	5.83 ▲ 0.63 (12.12%)
Dewan Mushtaq / May 15 Dewan Mushtaq Textile Mills Limited(DMTM)	9.83 ▲ 1 (11.33%)
Hala Enterprise / May 15 Hala Enterprises Limited(HAEL)	13.26 ▲ 1.21 (10.04%)
P.T.C.L. / May 15 Pakistan Telecommunication Company Ltd(PTC)	22.06 ▲ 2.01 (10.02%)
Flying Cement / May 15 Flying Cement Company Limited(FLYNG)	49.46 ▲ 4.5 (10.01%)
Octopus Digital / May 15 Octopus Digital Limited(OCTOPUS)	52.09 ▲ 4.74 (10.01%)

Stock	Price
Olympia Mills / May 15 Olympia Mills Limited(OML)	50.47 ▼ -5.06 (-9.11%)
Hussain Industries / May 15 Husein Industries Limited(HUSI)	26.65 ▼ -2.64 (-9.01%)
Apna Microfin. / May 15 Apna Microfinance Bank Limited(AMBL)	10.04 ▼ -0.91 (-8.31%)
Askari Life Assur. / May 15 Askari Life Assurance Company Limited(ALAC)	4.63 ▼ -0.35 (-7.03%)
Imperial Limited / May 15 Imperial Limited(IML)	16.52 ▼ -1.23 (-6.93%)
B. F. Mod. / May 15 B.F. Modaraba(BFMOD)	8.73 ▼ -0.61 (-6.53%)
Punjab Oil / May 15 Punjab Oil Mills Limited(POML)	186.82 ▼ -11.54 (-5.82%)
Equity Modaraba / May 15 First Equity Modaraba(FEM)	2.85 ▼ -0.16 (-5.32%)
Pakgen Power / May 15 Pakgen Power Limited(PKGP)	114.14 ▼ -6.39 (-5.3%)
Ashfaq Textile / May 15 Ashfaq Textile Mills Limited(ASHT)	12.34 ▼ -0.68 (-5.22%)

Stock	Volume
Pak Refinery / May 15 Pakistan Refinery Limited(PRL)	50,818,876 ▲ 2.68
Cnergyico PK / May 15 Cnergyico PK Limited(CNERGY)	47,570,881 ▲ 0.48
K-Electric Ltd. / May 15 K-Electric Limited(KEL)	40,246,546 ▲ 0.16
Kohinoor Spining / May 15 Kohinoor Spinning Mills Limited(KOSM)	32,888,417 ▲ 0.18
At-Tahur Ltd. / May 15 At-Tahur Limited(PREMA)	29,667,657 ▲ 4.48
Sui South Gas / May 15 Sui Southern Gas Company Limited(SSGC)	25,344,612 ▲ 0.91
Waves Corporation / May 15 Waves Corporation Limited(WAVES)	21,773,148 ▲ 0.29
Pak Petroleum / May 15 Pakistan Petroleum Limited(PPL)	16,962,449 ▲ 3.34
B.O.Punjab / May 15 The Bank of Punjab(BOP)	16,957,410 ▲ 0.15
WorldCall Telecom / May 15 Worldcall Telecom Limited(WTL)	16,572,822 ▲ 0.03

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