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Dec 04, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-05-03
Sterling rises broadly

Sterling rises broadly

Sterling rose broadly on Tuesday, as stronger-than-expected UK manufacturing data left the currency buoyant in the face of headlines suggesting talks over Britain's exit from the European Union were likely to be difficult. On the first day of trading afte
Published 03 May, 2017 12:00am
Aussie, kiwi up

Aussie, kiwi up

The Australian dollar drifted higher on Tuesday after the central bank kept rates unchanged at a policy meeting and sounded a touch more optimistic about global growth, underlining the outlook for steady policy. The Australian dollar rose to $0.7550, from
Published 03 May, 2017 12:00am
BP rebounds into quarterly profit

BP rebounds into quarterly profit

British oil giant BP rebounded back into net profit in the first quarter, energised by deep cost-cutting and rising crude prices, the group revealed Tuesday. Earnings after tax stood at $1.45 billion (1.33 billion euros) in the first three months of 2017,
Published 03 May, 2017 12:00am
BP rebounds into quarterly profit

BP rebounds into quarterly profit

British oil giant BP rebounded back into net profit in the first quarter, energised by deep cost-cutting and rising crude prices, the group revealed Tuesday. Earnings after tax stood at $1.45 billion (1.33 billion euros) in the first three months of 2017,
Published 03 May, 2017 12:00am
New virtual currency tied to oil takes aim at bitcoin

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
European factories started Q2 at lively pace

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 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
Greece, creditors look to debt relief after provisional fiscal deal

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
Greece, creditors look to debt relief after provisional fiscal deal

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
Asian factories get off to solid start in Q2

Asian factories get off to solid start in Q2

Factories across much of Asia got off to a solid start in the second quarter, buoyed by strong global demand, particularly for hi-tech gadgets which are leading a sizzling rally in electronics. Though China's manufacturing growth eased more than expected
Published 03 May, 2017 12:00am
Pfizer Q1 earnings edge higher

Pfizer Q1 earnings edge higher

Pfizer reported slightly higher first-quarter net profit as growth in drugs such as the blood thinner Eliquis offset declines in products with expiring patents. Net income was $3.1 billion, up 2.7 percent from the year-ago period. Revenues dipped 1.7 perc
Published 03 May, 2017 12:00am
Pfizer Q1 earnings edge higher

Pfizer Q1 earnings edge higher

Pfizer reported slightly higher first-quarter net profit as growth in drugs such as the blood thinner Eliquis offset declines in products with expiring patents. Net income was $3.1 billion, up 2.7 percent from the year-ago period. Revenues dipped 1.7 perc
Published 03 May, 2017 12:00am
Saudi Arabia aims for transparency with quarterly budget update

Saudi Arabia aims for transparency with quarterly budget update

Saudi Arabia said Tuesday that it will issue a quarterly budget progress report for the first time as part of efforts to boost transparency while diversifying its oil-dependent economy. The world's biggest oil exporter is wooing investors as it tries to r
Published 03 May, 2017 12:00am
US car sales slip significantly in April

US car sales slip significantly in April

Car sales in the US slowed significantly in April, accelerating several months of declines that suggest the industry's record sales streak may be behind it. The big three American automakers on Tuesday all reported sales fell in April compared to the same
Published 03 May, 2017 12:00am
UEFA to consider human rights records for Euro 2024 host

UEFA to consider human rights records for Euro 2024 host

The host nation of Euro 2024 must meet certain criteria relating to the respect of human rights, UEFA said on Monday as they prepare to choose between the candidacies of Germany and Turkey. The countries are the only two to have submitted declarations of
Published 03 May, 2017 12:00am
Can cracker tightens Liverpool's hold on third

Can cracker tightens Liverpool's hold on third

Emre Can scored a sensational overhead bicycle kick as Liverpool galvanised their grip on third place in the Premier League by winning 1-0 at Watford on Monday. Having seen top-four rivals Manchester City, Manchester United and Arsenal all drop points on
Published 03 May, 2017 12:00am
Sri Lanka can win Trophy, says Donald

Sri Lanka can win Trophy, says Donald

Famed South African paceman Allan Donald began his appointment Tuesday as Sri Lanka's interim bowling coach, declaring the squad has the potential to claim victory in next month's Champions Trophy. Donald was hired by the Sri Lankan cricket board as a fas
Published 03 May, 2017 12:00am
Portuguese player banned for four years

Portuguese player banned for four years

Striker Marco Gonçalves, who plays for infamous Portuguese amateur club Canelas, was on Tuesday banned for over four years for kneeing a referee in the face. "Marco Gonçalves has been given a four years suspension for assaulting a referee, two months for
Published 03 May, 2017 12:00am
Kvitova back practising after hand injury

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
Million-dollar Stokes hits maiden T20 century

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
Celta eye famous upset of injury-hit Man United

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
Peshawar win KP Inter-Regional Cycling title

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
Bangladesh ban bowler for conceding 92 off four balls

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
Worcestershire sign Aussie Lyon

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
Ibrahimovic 'fixed' by knee surgery

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
Azhar Ali nears century as Pakistan grind away

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
Uruguayans sign up for state cannabis in world first

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
Merkel pushes Putin on Ukraine, gay rights

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
Malaysia Airlines reaches settlement with family over MH17

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

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
Erdogan warns Turkey could 'say goodbye' to EU

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
At least six killed in South Korea crane accident

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
Iran to keep up military support for Syria regime: commander

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
Czech PM Sobotka quits

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
Israel shows off F-35 stealth fighters for first time

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
IS attack kills dozens at Syria camp

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
Cotton edges up in light trade
Cotton

Cotton edges up in light trade

ICE cotton futures edged up in thin trading on Monday, with traders awaiting the US Department of Agriculture's weekly crop progress report after market close.
Published 03 May, 2017 12:00am
Palm oil gains on strong export demand
Vegetable Oil

Palm oil gains on strong export demand

Malaysian palm oil futures rose on Tuesday evening in their second consecutive day of gains, helped by strong export data and firmer soyaoil prices. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange was up 1.6 pe
Published 03 May, 2017 12:00am
Raw sugar turns lower, robusta coffee jumps

Raw sugar turns lower, robusta coffee jumps

Raw sugar futures on ICE turned lower on Tuesday with the market back on the defensive after a two-day rally as the focus returned to an improving crop outlook and the prospect of a 2017/18 global surplus. Robusta coffee surged, boosted partly by gains in
Published 03 May, 2017 12:00am
Gold falls in NY

Gold falls in NY

Gold prices fell 1 percent to a three-week low on Monday, pressured by rising US stocks and an agreement that averted a US government shutdown, dampening demand for non-interest paying bullion. US stocks were lifted by Apple shares hitting a record high a
Published 03 May, 2017 12:00am
Gold down in Asia

Gold down in Asia

Gold on Tuesday held near three-week lows hit in the previous session in Asia on diminishing demand for safe-haven bullion as equities rallied and the US dollar gained versus the yen. Spot gold was mostly unchanged at $1,255.90 per ounce, as of 0733 GMT.
Published 03 May, 2017 12:00am
Gold falls to new three-week low in Europe

Gold falls to new three-week low in Europe

Gold prices fell on Tuesday to a new three-week low, bringing losses since the start of the week to more than one percent, as demand for riskier assets drove stocks higher and the dollar hit a six-week peak against the yen. "Risk appetite is back," said S
Published 03 May, 2017 12:00am
Wheat futures rise

Wheat futures rise

US wheat futures firmed for the fourth day in a row on Tuesday, but gains were limited as the market waited for details on how much crop damage was caused by a snowstorm that hit key production areas of the US Plains during the weekend. Soyabean futures a
Published 03 May, 2017 12:00am
US MIDDAY: gold plunges

US MIDDAY: gold plunges

Gold prices fell to a three-week low on Tuesday, as demand for riskier assets drove stocks higher and the dollar hit a six-week peak against the yen. "Risk appetite is back," said Societe Generale analyst Robin Bhar. Rising share prices increase the oppor
Published 03 May, 2017 12:00am
FINCA receives Smart Campaign Certification

FINCA receives Smart Campaign Certification

FINCA Microfinance Bank Limited, Pakistan's leading microfinance bank, has become the first bank in the country to receive the prestigious Smart Certification in Client Protection. With the certification, FINCA Pakistan joins a coveted group of over 75 ce
Published 03 May, 2017 12:00am
LHC summons Drap's director medical devices

LHC summons Drap's director medical devices

The Lahore High Court Chief Justice on Tuesday summoned director medical devices of the Drug Regulatory Authority of Pakistan (DRAP) for Wednesday (today) on a petition of Feroze Sons Laboratories challenging confiscation of cardiac stents. The counsel of
Published 03 May, 2017 12:00am
Climate change & sea intrusion: Call to amend 1994 Act to address issues

Climate change & sea intrusion: Call to amend 1994 Act to address issues

One-day consultative workshop on "Review of Sindh Coastal Development Authority Act 1994 & Sindh Coastal Development Plan" was held at Centre for Coastal and Deltaic Studies (CCDS), University of Sindh Campus Thatta as the initiative of Pakistan Fisher fo
Published 03 May, 2017 12:00am
Speakers call for tackling social injustices, poverty

Speakers call for tackling social injustices, poverty

Speakers at a seminar have urged the government to introduce economic and social reforms to tackle serious problems of social injustices, unemployment and poverty in the country. They said that widening inequalities prevailing in the society could be brid
Published 03 May, 2017 12:00am
HBFCL MD in hot water days before his retirement

HBFCL MD in hot water days before his retirement

The House Building Finance Company Limited (HBFCL) has asked its managing director, Pervez Said, to repay his excess salary amounting to Rs 6.94 million by May 12, the last day of his contract. According to the letter, at its meeting on April 6, HBFCL's b
Published 03 May, 2017 12:00am
KP police officials awarded for excellent performance

KP police officials awarded for excellent performance

KP Inspector General of Police (IGP), Salah Uddin Khan in a ceremony held at CPO Peshawar on Tuesday awarded Khyber Pakhtunkhwa police officials with cash prizes and commendation certificate who performed excellent duty on the eve of three-day congregatio
Published 03 May, 2017 12:00am
Economy strengthening due to prudent policies: Shahbaz
Exchange

Economy strengthening due to prudent policies: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that the national economy is strengthening due to prudent policies of the government. While talking to public representatives in Lahore, Shahbaz said the foreign exchange reserves have reached new hei
Published 03 May, 2017 12:00am
Turkish president's statement on Kashmir hailed

Turkish president's statement on Kashmir hailed

All Parties Hurriyat Conference (APHC) leaders have welcomed the statement of Turkish President Recep Tayyip Erdogan in which he expressed his willingness to play a role in resolving the Kashmir dispute. Chairman of Hurriyet forum, Mirwaiz Umar Farooq in
Published 03 May, 2017 12:00am
Argentina new grain season seen helped by strong rains
Exchange

Argentina new grain season seen helped by strong rains

Strong rains expected in Argentina's upcoming 2017-18 crop year are expected to benefit key soy, wheat and corn crops while farmers stay alert for floods that put 1 million hectares out of production last season, local meteorologists said on Tuesday. The
Published 03 May, 2017 12:00am
Shanghai copper soars
Exchange

Shanghai copper soars

Copper rose sharply on Tuesday as investors returned from a three-day weekend in most of Asia with a renewed appetite for industrial commodities. The gains in both London Metal Exchange and Shanghai Futures Exchange copper were aided by advances in Asian
Published 03 May, 2017 12:00am
Rubber climbs
Exchange

Rubber climbs

Benchmark Tokyo rubber futures hit their highest in more than two weeks on Tuesday, buoyed by firm Shanghai futures and a weaker yen, which makes yen-denominated assets more affordable when purchased in other currencies. The Tokyo Commodity Exchange rubbe
Published 03 May, 2017 12:00am
PTEA hails disbursement of drawback of taxes

PTEA hails disbursement of drawback of taxes

Pakistan Textile Exporters Association (PTEA) has lauded the disbursement of drawback of taxes allowed under Prime Minister's Trade Enhancement Initiatives and termed it a positive move of the government towards exports promotion. PTEA leaders urged for i
Published 03 May, 2017 12:00am
LCCI stresses for removing obstacles hampering FDI
Exchange

LCCI stresses for removing obstacles hampering FDI

The Lahore Chamber of Commerce and Industry (LCCI) has stressed the need for taking initiatives to remove the obstacles and hurdles that are not only hampering the foreign direct investment (FDI) but also causing frustration to the local businessmen. The
Published 03 May, 2017 12:00am
Mujahid takes over CEO Fesco

Mujahid takes over CEO Fesco

Mujahid Islam Beallah has taken over the charge of Chief Executive Officer (CEO) Faisalabad Electric Supply Company (FESCO). Earlier, he was performing his duties as Chief Engineer (PEPCO). He has also served as CEO Sukkur Electric Supply Company.
Published 03 May, 2017 12:00am
Uplift projects worth Rs 9.54 billion okayed

Uplift projects worth Rs 9.54 billion okayed

The Punjab Provincial Development Working Party approved four mega development schemes of Road sector with an estimated cost of Rs 9.54 billions on Tuesday. These schemes were approved in the meeting of Provincial Development Working Party (PDWP) of curre
Published 03 May, 2017 12:00am
President for promoting IT education

President for promoting IT education

President Syed Mamnoon Hussain said the country was facing new challenges in education sector and more resources were required to meet ever-growing needs. While addressing the 8th convocation of the Virtual University here on Tuesday, the President said t
Published 03 May, 2017 12:00am
President for promoting IT education

President for promoting IT education

President Syed Mamnoon Hussain said the country was facing new challenges in education sector and more resources were required to meet ever-growing needs. While addressing the 8th convocation of the Virtual University here on Tuesday, the President said t
Published 03 May, 2017 12:00am
PAF fighter jet crashes near Jhang

PAF fighter jet crashes near Jhang

A fighter jet of Pakistan Air Force (PAF) crashed near Athara Hazari of Jhang on Tuesday however, the pilot of the plane escaped unhurt. According to the PAF spokesman, the aircraft was on its routine training mission. The pilot safely ejected from the ai
Published 03 May, 2017 12:00am
Tevta to start more CPEC-specific courses

Tevta to start more CPEC-specific courses

Chairperson Technical Education and Vocational Training Authority (TEVTA) Irfan Qaiser Sheikh has said that TEVTA will start China Pakistan Economic Corridor (CPEC) focused more specialized training courses in order to provide trained and skilled manpower
Published 03 May, 2017 12:00am
Nestle joins hands with BISP

Nestle joins hands with BISP

Nestle Pakistan has entered into a partnership with Benazir Income Support Programme (BISP) to provide livelihood opportunities for rural women living in Pakistan. This partnership is part of Nestle Pakistan's Rural Deep Reach Project, which focuses on th
Published 03 May, 2017 12:00am
JI will soon launch drive for fishermen's rights: Siraj

JI will soon launch drive for fishermen's rights: Siraj

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, has said that JI would soon launch a campaign for the protection of Fishermen rights and arrange a big programme in this regard in the federal Capital. According to media cell of JI Lahore, he was a
Published 03 May, 2017 12:00am
Loadshedding will end by start of 2018: Shahbaz

Loadshedding will end by start of 2018: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said that Pakistan is progressing on an unprecedented pace under the leadership of Prime Minister Nawaz Sharif. He said due to sincere and committed efforts of PML-N government the destiny of the nation an
Published 03 May, 2017 12:00am
SHCH delegation visits NCCPL
Exchange

SHCH delegation visits NCCPL

A high-level delegation of Shanghai Clearing House (SHCH) China, comprising of representatives from various departments, in the leadership of Ms. Zhou Rongfang, General Manager, visited National Clearing Company of Pakistan Limited (NCCPL). The delegation
Published 03 May, 2017 12:00am
PEC chief visits Wapda House Peshawar

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
FBR fetes outgoing members on retirement

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

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
Pooja Bhatt flies back to Mumbai

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
World Asthma Day observed

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
NA body may visit LoC, Siachen, NWA

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
FPA warns government of delay in implementing Fata reforms

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
CDWP to discuss 18 uplift projects worth Rs 200 billion today
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
IBA course on Islamic Accounting Standards

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
Over 2000 closed schools reopened, claims minister

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
Gutka manufacturing units to be sealed: Mayor

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
APML ready to join hands with PTI: Musharraf

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
PPL-funded NICU opens at Indus Hospital

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
IG Sindh's case: SHC adjourns hearing till today

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
JI ends anti-KE protests

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
KE refutes claims

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
Soneri Bank participates in e-Banking 2017 conference

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
NMC delegation meets DG Information

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

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
Yusuf Shirazi's book wins Writers Guild award

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
Rs 10 billion 'bribe': LHC moved

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
PPD spends Rs 50 million on rehabilitation of Muree Post Office

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
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