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Nov 23, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-05-08
ICICI Bank Q4 net profit rises less than expected

ICICI Bank Q4 net profit rises less than expected

ICICI Bank Ltd, India's third-biggest lender by assets, reported a smaller-than-expected rise in fourth-quarter net profit as bad loans grew. Indian banks have seen their bad loans surge in the past year or so after an asset quality review ordered by the
Published 08 May, 2017 12:00am
DBS reports steady Q1 net profit

DBS reports steady Q1 net profit

DBS Group Holdings Ltd , Singapore's biggest lender, beat market expectations by reporting stable quarterly profit on Tuesday, underpinned by a record performance in its wealth management business. Chief Executive Piyush Gupta has rapidly expanded wealth
Published 08 May, 2017 12:00am
DBS reports steady Q1 net profit

DBS reports steady Q1 net profit

DBS Group Holdings Ltd , Singapore's biggest lender, beat market expectations by reporting stable quarterly profit on Tuesday, underpinned by a record performance in its wealth management business. Chief Executive Piyush Gupta has rapidly expanded wealth
Published 08 May, 2017 12:00am
VW brand profit soars as cost cuts start to pay off

VW brand profit soars as cost cuts start to pay off

Volkswagen said profit at its troubled core division soared in the first three months of the year, a sign that long-overdue cost cuts are having an impact as the carmaker seeks to move beyond its diesel emissions crisis. VW, Europe's biggest carmaker, is
Published 08 May, 2017 12:00am
VW brand profit soars as cost cuts start to pay off

VW brand profit soars as cost cuts start to pay off

Volkswagen said profit at its troubled core division soared in the first three months of the year, a sign that long-overdue cost cuts are having an impact as the carmaker seeks to move beyond its diesel emissions crisis. VW, Europe's biggest carmaker, is
Published 08 May, 2017 12:00am
AIG operating profit up

AIG operating profit up

American International Group Inc, one of the largest US insurers, reported better-than-expected first-quarter operating profit on Wednesday, helped by investment returns and cost cuts. AIG reported operating earnings of $1.37 billion, or $1.36 per share,
Published 08 May, 2017 12:00am
AIG operating profit up

AIG operating profit up

American International Group Inc, one of the largest US insurers, reported better-than-expected first-quarter operating profit on Wednesday, helped by investment returns and cost cuts. AIG reported operating earnings of $1.37 billion, or $1.36 per share,
Published 08 May, 2017 12:00am
Merck profit tops estimates as margins rise

Merck profit tops estimates as margins rise

Merck & Co Inc reported a better-than-expected quarterly profit, helped by higher gross margins, and the drugmaker also raised its revenue and profit forecasts for 2017. Net income attributable to Merck surged 38 percent to $1.55 billion, or 56 cents per
Published 08 May, 2017 12:00am
Merck profit tops estimates as margins rise

Merck profit tops estimates as margins rise

Merck & Co Inc reported a better-than-expected quarterly profit, helped by higher gross margins, and the drugmaker also raised its revenue and profit forecasts for 2017. Net income attributable to Merck surged 38 percent to $1.55 billion, or 56 cents per
Published 08 May, 2017 12:00am
ANZ Bank flags slower mortgage lending growth

ANZ Bank flags slower mortgage lending growth

Australia and New Zealand Banking Group expects regulations designed to cool Australia's overheating housing market to slow lending growth, heaping pressure on banks to cut costs, Chief Executive Shayne Elliott said on Tuesday. Australia's third-biggest l
Published 08 May, 2017 12:00am
ANZ Bank flags slower mortgage lending growth

ANZ Bank flags slower mortgage lending growth

Australia and New Zealand Banking Group expects regulations designed to cool Australia's overheating housing market to slow lending growth, heaping pressure on banks to cut costs, Chief Executive Shayne Elliott said on Tuesday. Australia's third-biggest l
Published 08 May, 2017 12:00am
Japan's SoftBank takes driving seat in Indian online shake-up

Japan's SoftBank takes driving seat in Indian online shake-up

After ploughing about $2 billion into minority stakes in Indian e-commerce businesses over the past few years, Japan's SoftBank is upping the stakes, looking to play consolidator and take a more active role at a trio of leading start-ups. According to sou
Published 08 May, 2017 12:00am
ADB agrees to lend $500 million to Azeri gas project

ADB agrees to lend $500 million to Azeri gas project

The Asian Development Bank (ADB) has agreed to provide a $500 million loan to Azerbaijan's Shah Deniz 2 project, the Azeri finance ministry said on Sunday. The ADB said earlier this year it was considering lending money to Azerbaijan to help fund the seco
Published 08 May, 2017 12:00am
ADB agrees to lend $500 million to Azeri gas project

ADB agrees to lend $500 million to Azeri gas project

The Asian Development Bank (ADB) has agreed to provide a $500 million loan to Azerbaijan's Shah Deniz 2 project, the Azeri finance ministry said on Sunday. The ADB said earlier this year it was considering lending money to Azerbaijan to help fund the seco
Published 08 May, 2017 12:00am
Sister of Trump senior adviser solicits Chinese investment
Exchange

Sister of Trump senior adviser solicits Chinese investment

The sister of White House senior adviser Jared Kushner urged wealthy Chinese Sunday to buy stakes in real estate through a controversial programme that offers US residency in exchange for investment. Nicole Kushner Meyer was in Beijing Saturday and in Sha
Published 08 May, 2017 12:00am
Air Arabia's profit drops 10 percent

Air Arabia's profit drops 10 percent

Budget carrier Air Arabia, the United Arab Emirates' only publicly listed airline, reported a 10 percent fall in first-quarter net profit on Sunday as its passenger yield dropped. The Sharjah-based airline made a net profit of 103 million dirhams ($28 mil
Published 08 May, 2017 12:00am
Air Arabia's profit drops 10 percent

Air Arabia's profit drops 10 percent

Budget carrier Air Arabia, the United Arab Emirates' only publicly listed airline, reported a 10 percent fall in first-quarter net profit on Sunday as its passenger yield dropped. The Sharjah-based airline made a net profit of 103 million dirhams ($28 mil
Published 08 May, 2017 12:00am
Fed's Williams sees balance sheet as future policy tool

Fed's Williams sees balance sheet as future policy tool

San Francisco Federal Reserve Bank President John Williams on Saturday reiterated his view that the US central bank should begin trimming its massive balance sheet later this year, in part so the Fed has more tools at the ready when the next recession hit
Published 08 May, 2017 12:00am
Saudi's Ma'aden posts 41.9 percent profit rise

Saudi's Ma'aden posts 41.9 percent profit rise

Saudi Arabian Mining Co (Ma'aden), the Gulf's largest miner, posted a 41.9 percent rise in first-quarter net profit on Sunday, beating analysts' forecasts as sales volumes rose and aluminium and gold prices climbed. The company made a net profit of 275.6
Published 08 May, 2017 12:00am
Saudi's Ma'aden posts 41.9 percent profit rise

Saudi's Ma'aden posts 41.9 percent profit rise

Saudi Arabian Mining Co (Ma'aden), the Gulf's largest miner, posted a 41.9 percent rise in first-quarter net profit on Sunday, beating analysts' forecasts as sales volumes rose and aluminium and gold prices climbed. The company made a net profit of 275.6
Published 08 May, 2017 12:00am
April FX reserves rise
Exchange

April FX reserves rise

China's foreign exchange reserves rose in April for a third straight month, beating market expectations, as capital controls and a pause in the dollar's rally helped staunch capital outflows. The April rise is reassuring news for policymakers after the yu
Published 08 May, 2017 12:00am
Mexican engineers flood Tesla hiring event

Mexican engineers flood Tesla hiring event

Engineers from across Mexico streamed into a cramped hotel lobby in the industrial city of Monterrey for a chance of a job with the US electric vehicle maker Tesla Inc, which is looking south of the border for talent in short supply at home. The fair was
Published 08 May, 2017 12:00am
China stresses 'steady' planning for new economic zone

China stresses 'steady' planning for new economic zone

Chinese Vice Premier Zhang Gaoli has stressed the need for "steady" planning in an ambitious new economic zone the government has touted as a driver of growth in northern China, state news agency Xinhua said on Sunday. The zone, in Hebei province's Xionga
Published 08 May, 2017 12:00am
Turkey marketing 30-year dollar benchmark bond

Turkey marketing 30-year dollar benchmark bond

Turkey has opened books for its first bond deal since last month's referendum on the constitution granted President Erdogan sweeping new powers. The sovereign released initial price thoughts for a US dollar benchmark-sized bond due May 2047 at 6.125% are
Published 08 May, 2017 12:00am
Turkey marketing 30-year dollar benchmark bond

Turkey marketing 30-year dollar benchmark bond

Turkey has opened books for its first bond deal since last month's referendum on the constitution granted President Erdogan sweeping new powers. The sovereign released initial price thoughts for a US dollar benchmark-sized bond due May 2047 at 6.125% are
Published 08 May, 2017 12:00am
Mexico peso seen weaker if leftist's party wins state vote

Mexico peso seen weaker if leftist's party wins state vote

The Mexican peso will weaken against the dollar next month if presidential candidate Andres Manuel Lopez Obrador's leftist Morena party wins a state election seen as key to his chances of victory in a 2018 national vote, a Reuters poll showed Friday.
Published 08 May, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 80.45-80.45 (previous 80.44-80.45).
Published 08 May, 2017 12:00am
Canadian dollar to strengthen after 'perfect storm'
Exchange

Canadian dollar to strengthen after 'perfect storm'

The Canadian dollar will weather a "perfect storm" to regain some ground over the coming months, a Reuters poll showed on Wednesday, as a pickup in the domestic economy could prod the Bank of Canada to raise interest rates by next year. The loonie has los
Published 08 May, 2017 12:00am
Trump tweets relevant but carry little weight in FX: Deutsche
Exchange

Trump tweets relevant but carry little weight in FX: Deutsche

Comments made by US President Donald Trump on Twitter may drive movements in US stocks, but they have generally minimal impact in the foreign exchange market, Deutsche Bank said in its latest research note. The bank's macro strategist, Oliver Harvey, said
Published 08 May, 2017 12:00am
Bubble risks loom for Italy's small caps

Bubble risks loom for Italy's small caps

Italian banks and asset managers are rushing to tap a 10 billion-euro ($11 billion) wave of money expected to flow into small- and mid-caps, as clients seek tax breaks on investments in a government-sponsored plan, potentially creating a bubble.
Published 08 May, 2017 12:00am
Euro generally back in favour against dollar: FX strategists
Exchange

Euro generally back in favour against dollar: FX strategists

Foreign exchange strategists in the latest Reuters poll have raised forecasts for the euro to a six-month high against the dollar, although the single currency is expected to edge down a little over the coming months. They warned, however, that a shock vi
Published 08 May, 2017 12:00am
Foreign stocks funds gain steam as US stock prices doubted: Lipper

Foreign stocks funds gain steam as US stock prices doubted: Lipper

US-based fund investors underscored their preference for foreign stocks, reversing the prior week's inflows for domestic equity funds and moving money to Europe and emerging markets, Lipper data showed on Thursday. Investors pulled $6.6 billion from US-ba
Published 08 May, 2017 12:00am
Foreign stocks funds gain steam as US stock prices doubted: Lipper

Foreign stocks funds gain steam as US stock prices doubted: Lipper

US-based fund investors underscored their preference for foreign stocks, reversing the prior week's inflows for domestic equity funds and moving money to Europe and emerging markets, Lipper data showed on Thursday. Investors pulled $6.6 billion from US-ba
Published 08 May, 2017 12:00am
Wall Street week ahead: Old-guard retail back in the cross hairs

Wall Street week ahead: Old-guard retail back in the cross hairs

A glance at the US stock market's main measure for the health of retailers suggests all is well among those companies in the business of peddling stuff directly to consumers. After all, the $1.16 trillion S&P 500 retail index has climbed nearly 13 percent
Published 08 May, 2017 12:00am
Rampant Real thrash Granada after Barca down Villarreal

Rampant Real thrash Granada after Barca down Villarreal

Real Madrid produced a ruthless first-half display to thrash already-relegated Granada 4-0 on Saturday and remain on course for a first league title in five years, while Barcelona hammered Villarreal 4-1. James Rodriguez put Zinedine Zidane's side in char
Published 08 May, 2017 12:00am
Sharapova sets up Bouchard grudge match
Kerb

Sharapova sets up Bouchard grudge match

Maria Sharapova set up a mouth-watering second-round clash with Eugenie Bouchard at the Madrid Open after battling back from a set down to beat Mirjana Lucic-Baroni 4-6, 6-4, 6-0 on Sunday. Bouchard called the Russian "a cheater" last week and suggested s
Published 08 May, 2017 12:00am
Newcastle win Championship, Blackburn relegated on dramatic final day

Newcastle win Championship, Blackburn relegated on dramatic final day

Newcastle United sewed up the Championship title on Sunday, beating Barnsley 3-0 to finish above Brighton & Hove Albion and return to the Premier League with a bang on a frantic final day at both ends of England's second-tier. Brighton finished second aft
Published 08 May, 2017 12:00am
Zverev takes Munich title

Zverev takes Munich title

Germany's rising star Alexander Zverev earned his third ATP title, but his first on home soil, with a straight sets win in the final of the Munich tournament on Sunday. The 20-year-old third seed needed just 72 minutes to seal a 6-4, 6-3 win over Argentin
Published 08 May, 2017 12:00am
Liverpool miss penalty in scoreless draw

Liverpool miss penalty in scoreless draw

James Milner missed a penalty as Liverpool were held to a 0-0 home draw by Southampton on Sunday in a blow to their hopes of finishing in the top four and securing a place in next season's Champions League. Phillippe Coutinho returned from the leg injury
Published 08 May, 2017 12:00am
FIFA and Qatar Airways confirm sponsor deal

FIFA and Qatar Airways confirm sponsor deal

FIFA confirmed Sunday Qatar Airways will be its "official airline" for a host of major tournaments, including the 2018 and 2022 World Cups, the latter to be hosted by the emirate. The deal, announced via statements from both organisations, comes days ahea
Published 08 May, 2017 12:00am
Sydney complete dream season with shootout victory

Sydney complete dream season with shootout victory

Milos Ninkovic converted the winning penalty as Sydney FC capped a record-breaking season with a 4-2 shootout triumph against Melbourne Victory to clinch a third A-League title at Sydney Football Stadium on Sunday. Ninkovic, voted the league's best player
Published 08 May, 2017 12:00am
England beat Ireland in 2nd ODI

England beat Ireland in 2nd ODI

England beat Ireland by 85 runs in the second one-day international at Lord's on Sunday to take the two-match series 2-0. Ireland, set 329 to win in their first ODI at Lord's, were dismissed for 243, with captain William Porterfield's 82 the highest indiv
Published 08 May, 2017 12:00am
PPC Tigers win RMI Media Cricket League

PPC Tigers win RMI Media Cricket League

Opener Danish Babar hammered a cracking unbeaten 54 runs including three towering sixes steering Peshawar Press Club (PPC) Tigers to 43 runs victory against Qalander in the final of the RMI Media Cricket League played here at Arbab Niaz Cricket Stadium on
Published 08 May, 2017 12:00am
India board agree to Champions Trophy participation

India board agree to Champions Trophy participation

India confirmed their participation in next month's Champions Trophy in England and Wales on Sunday after initially delaying the announcement of their squad over a revenue sharing disagreement with cricket's governing body. The dispute intensified when In
Published 08 May, 2017 12:00am
May maintains strong lead

May maintains strong lead

British Prime Minister Theresa May maintained her strong lead in opinion polls ahead of next month's national election, with one analyst saying she was on course for the kind of huge success Margaret Thatcher enjoyed over 30 years ago. May is asking voter
Published 08 May, 2017 12:00am
Britain's Labour pledges no tax rise for middle-income earners

Britain's Labour pledges no tax rise for middle-income earners

Britain's opposition Labour Party said middle and low earners would not face tax hikes to fund its spending plans if it wins next month's election, with the burden falling instead on the top five percent of earners and big business. Prime Minister Theresa
Published 08 May, 2017 12:00am
Britain's Labour pledges no tax rise for middle-income earners

Britain's Labour pledges no tax rise for middle-income earners

Britain's opposition Labour Party said middle and low earners would not face tax hikes to fund its spending plans if it wins next month's election, with the burden falling instead on the top five percent of earners and big business. Prime Minister Theresa
Published 08 May, 2017 12:00am
Somali government says kills senior al Shabaab chief

Somali government says kills senior al Shabaab chief

An al Shabaab chief, Moalim Osman Abdi Badil, and three fighters were killed in fighting in Lower Shabelle region on Friday, Somalia's information minister said in a statement on Sunday. A US Navy SEAL was killed and two troops wounded in a raid on Friday
Published 08 May, 2017 12:00am
Vietnam fires top Communist Party official for misconduct

Vietnam fires top Communist Party official for misconduct

Vietnam's ruling Communist Party on Sunday dismissed a high-profile party official from his politburo position for misconduct while he headed the country's state oil and gas firm. The vote to remove Dinh La Thang, 56, one of the 19 members of the country'
Published 08 May, 2017 12:00am
Frenchman kidnapped in Chad freed in Sudan
Exchange

Frenchman kidnapped in Chad freed in Sudan

A French mineworker who was kidnapped in Chad and taken to neighbouring Sudan has been freed after more than six weeks in captivity, French and Sudanese officials said on Sunday. Thierry Frezier, 60, was freed after collaboration between Sudanese, Chadian
Published 08 May, 2017 12:00am
21 killed in Guinea mishap

21 killed in Guinea mishap

At least 21 people, mostly women, were killed in a head-on crash between a truck and a minibus packed with passengers in Guinea, police said on Sunday. The deadly crash took place on Saturday just north of the capital Conakry, with the minibus crushed by
Published 08 May, 2017 12:00am
3,000 migrants rescued

3,000 migrants rescued

Around 3,000 migrants were rescued in the Mediterranean on Saturday as they tried to reach Europe, Italy's coast guard said in a statement. The people were picked up in more than 20 separate rescue operations involving the Italian coast guard and navy, th
Published 08 May, 2017 12:00am
Chibok girls released by Boko Haram arrive in Abuja
Exchange

Chibok girls released by Boko Haram arrive in Abuja

A group of girls released by Boko Haram jihadists after kidnapping them in 2014 in the north Nigerian town of Chibok arrived on Sunday in the capital Abuja, a Reuters witness said. The girls arrived at Abuja airport and were driven away in a military conv
Published 08 May, 2017 12:00am
50,000 evacuated in Germany over unexploded WWII bombs

50,000 evacuated in Germany over unexploded WWII bombs

German police on Sunday evacuated 50,000 people from the northern city of Hanover in one of the country's largest post-war operations to defuse World War II era bombs. Residents in a densely populated part of the city were ordered to leave their homes for
Published 08 May, 2017 12:00am
11 dead in Vietnam bus crash

11 dead in Vietnam bus crash

A truck driving in the wrong direction on a one-way road smashed into a bus in Vietnam's central highlands on Sunday killing at least 11 people, state media said. The accident in Gia Lai province occurred in the early hours of Sunday morning, also injurin
Published 08 May, 2017 12:00am
Nigeria almost triples budget for Niger Delta amnesty: presidency

Nigeria almost triples budget for Niger Delta amnesty: presidency

Nigeria has almost tripled the budget for an amnesty programme for militants in its oil-producing heartland, the presidency said on Saturday, a key factor in maintaining a tenuous peace in the Niger Delta and supporting crude production. An additional 30
Published 08 May, 2017 12:00am
Israel moves to downgrade status of Arabic language

Israel moves to downgrade status of Arabic language

Israeli ministers approved a controversial bill on Sunday that would define the country as the "national home of the Jewish people" while downgrading Arabic as an official language, officials and reports said. If the bill eventually becomes law, Arabic wo
Published 08 May, 2017 12:00am
Jordan, US launch major military exercises
Exchange

Jordan, US launch major military exercises

Jordan and the United States kicked off annual military exercises Sunday known as "Eager Lion", with about 7,400 troops from more than 20 nations taking part, officials said. US and Jordanian officials said the manoeuvres would include border security, cy
Published 08 May, 2017 12:00am
China to further tighten its internet controls

China to further tighten its internet controls

China will further tighten its internet regulations with a pledge on Sunday to strengthen controls over search engines and online news portals, the latest step in President Xi Jinping's push to maintain strict Communist Party control over content. Xi has
Published 08 May, 2017 12:00am
Merkel's party scores strong win in state poll test

Merkel's party scores strong win in state poll test

Chancellor Angela Merkel's conservatives secured a strong win Sunday in state polls in northern Germany, early results showed, giving a boost to her bid to retain power in September's national elections. Voters in the small, northern state of Schleswig-Ho
Published 08 May, 2017 12:00am
Ample funds allocated for uplift of social sector: Murad

Ample funds allocated for uplift of social sector: Murad

Sindh Chief Minister Syed Murad Ali Shah has said that his government has allocated ample funds for the development of all the districts through district and provincial ADPs. "What is required from the elected representatives is ownership of the schemes b
Published 08 May, 2017 12:00am
'Passport DC, Around the World Embassy Tour' held

'Passport DC, Around the World Embassy Tour' held

The Embassy of Pakistan, Washington DC had arranged 'Passport DC, Around the World Embassy Tour', a cultural event on Friday which coincides with the beginning of 70th year celebrations of Pakistan's independence this year. According to a message received
Published 08 May, 2017 12:00am
Quaid-e-Azam Academy to get its grant soon

Quaid-e-Azam Academy to get its grant soon

Irfan Siddiqui, Advisor to the Prime Minister on National History and Literary Heritage here on Sunday said that the issue pertaining to pending grants for Quaid-e-Azam Academy will be settled without any unnecessary delay. Presiding a meeting of the offi
Published 08 May, 2017 12:00am
Chinese, Pakistani doctors operate 54 cleft lip patients in 4 days

Chinese, Pakistani doctors operate 54 cleft lip patients in 4 days

The Chinese doctors voluntarily joined their Pakistani colleagues to serve Cleft lip and palate patients, during a four-day medical camp held here from May 3 to 6 and operated upon 54 patients successfully. Chinese doctors Ma Lian and Zhou Zia from Beijin
Published 08 May, 2017 12:00am
Sindh governor distributes laptops among students

Sindh governor distributes laptops among students

Sindh Governor, Muhammad Zubair here on Sunday distributed laptops among 153 university students under Prime Minister's laptop scheme. The laptops were distributed among students of CMC Larkana, BADC Larkana, Benazir Institute of Nursing & Community Healt
Published 08 May, 2017 12:00am
Thalassemia patients deserve special attention of society: Shahbaz

Thalassemia patients deserve special attention of society: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif in his message on World Thalassemia Day said that thalassemia was a fatal disease and the patients suffering from this disease need regular blood transfusions. He said thalassemia was a very painful problem fo
Published 08 May, 2017 12:00am
DPC approves 480 uplift schemes worth Rs 1.63 billion

DPC approves 480 uplift schemes worth Rs 1.63 billion

Under the Prime Minister's National Development Programme, as many as 480 uplift schemes in different sectors have been approved at a cost of Rs 1.63 billion by the District Development Committee (DPC). This was disclosed in a meeting held with Deputy Com
Published 08 May, 2017 12:00am
Three killed in different incidents in city

Three killed in different incidents in city

At least three people were killed and several others injured in separate incidents of violence here on Sunday. Police said that two armed motorcyclists stopped a coaster near Hassan Square and tried to snatch cash and mobile phone from the owner. Upon res
Published 08 May, 2017 12:00am
Quality management initiative launched in KP schools

Quality management initiative launched in KP schools

The Khyber Pakhtunkhwa Elementary & Secondary Education has achieved another milestone by launching School Quality Management Initiative (SQMI) in KP Schools. The first phase will start with a pilot in Abbottabad District. In this connection, the Special
Published 08 May, 2017 12:00am
Modern irrigation system to be introduced in Punjab

Modern irrigation system to be introduced in Punjab

Punjab government has formulated a three year well-knitted plan for introducing modern irrigation system in agriculture sector in the province. Sources in agriculture department told Business Recorder here on Sunday that the step was being taken fo
Published 08 May, 2017 12:00am
Ayesha reviews progress of PSPA Projects

Ayesha reviews progress of PSPA Projects

The Provincial Minister for Finance Dr Ayesha Ghaus Pasha has said that Graduation and Assets Transfer Scheme has been formally launched for making the disabled persons self-sufficient benefiting from "Khidmat Cards" issued by the Punjab Social Protection
Published 08 May, 2017 12:00am
Farewell party for Pak HC held in Colombo

Farewell party for Pak HC held in Colombo

The High Commission of Pakistan in Colombo hosted a farewell party for outgoing High Commissioner Major General retd Syed Shakeel Hussain, which was attended by scores of local and Pakistani community there. According to a message received here Sunday, th
Published 08 May, 2017 12:00am
Mayor offers land to Afridi for cricket academy

Mayor offers land to Afridi for cricket academy

Karachi Mayor Waseem Akhtar on Sunday offered national cricket star Shahid Khan Afridi a piece of land for establishment of his cricket academy anywhere in the city. Mayor's offer came a day after Afridi expressed disappointment over the non-cooperation o
Published 08 May, 2017 12:00am
Dawn Leaks revised notification to be issued in two days: Marriyum

Dawn Leaks revised notification to be issued in two days: Marriyum

Minister of State for Broadcasting and Information Marriyum Aurangzeb has asserted on Sunday that a detailed revised notification over Dawn Leaks probe report would be issued either tomorrow or day after tomorrow. While talking to the media in Karachi, th
Published 08 May, 2017 12:00am
UAF, Canadian university sign MoUs
Exchange

UAF, Canadian university sign MoUs

The University of Prince Edward Island Canada and University of Agriculture, Faisalabad (UAF) have inked two Memorandum of understanding to collaborate in the area of research and academia. The MOUs were duly inked by UAF Vice Chancellor Professor Dr Iqra
Published 08 May, 2017 12:00am
18 containers seized: smuggling of banned Indian grey cloth foiled

18 containers seized: smuggling of banned Indian grey cloth foiled

Directorate General Intelligence & Investigation (Customs) of the Federal Board of Revenue (FBR) has busted an organized gang involved in smuggling of banned Indian origin grey cloth into Pakistan and intercepted 18 containers loaded with Indian cloths, e
Published 08 May, 2017 12:00am
Two stars of French cuisine to visit Pakistan

Two stars of French cuisine to visit Pakistan

Sylvestre and Jonathan Wahid, two famous names of French high gastronomy, are visiting Pakistan on the invitation of a private hotel, with the support of the French embassy here, to showcase their culinary skills. Talking to media persons at the residence
Published 08 May, 2017 12:00am
Groom arrested during wedding ceremoney

Groom arrested during wedding ceremoney

The police arrested a groom from his Henna ceremony in Lahore on late Sunday. Seven individuals including the groom were arrested from Lahore's Makkah Colony in Gulberg after locals alleged that the event was underway in the residential area. The police r
Published 08 May, 2017 12:00am
APHC slams detention of political activists in IHK

APHC slams detention of political activists in IHK

The All Parties Hurriyet Conference (APHC) has expressed concern over illegal detention of political activists in Indian Held Kashmir (IHK) and demanded their immediate release. An APHC spokesman, in a statement in Srinagar, denounced the puppet administr
Published 08 May, 2017 12:00am
Zardari cancels visit at the 11th hour

Zardari cancels visit at the 11th hour

Pakistan Peoples Party (PPP) co-chairperson Asif Ali Zardari has cancelled his plan to attend a rally in Lower Dir district in Khyber Pakhtunkhwa on Sunday. The former president was due to deliver a public speech but cancelled his plan at last moment as h
Published 08 May, 2017 12:00am
PPP devolved powers to smaller provinces: Gilani

PPP devolved powers to smaller provinces: Gilani

Former prime minister and Pakistan Peoples Party central leader Yousuf Raza Gilani said here on Sunday that PPP not only gave a new identity to Khyber Pakhtunkhwa but also nominated the governor of the province from Federally-Administered Tribal Areas (Fa
Published 08 May, 2017 12:00am
NPPMCL signs O&M agreement with China's company SEPCOIII

NPPMCL signs O&M agreement with China's company SEPCOIII

Government-owned National Power Parks Management Company (NPPMCL) signed a 12-year Operations and Maintenance (O&M) agreement with China's state-owned company SEPCOIII for its 1,230MW Haveli Bahadur Shah Combined-Cycle Power Plant in Lahore. CEO NPPMCL Ra
Published 08 May, 2017 12:00am
Afghan president did not decline invitation: Speaker

Afghan president did not decline invitation: Speaker

National Assembly Speaker Ayaz Sadiq on Sunday, clarifying Afghan President Ashraf Ghani's 'rejection' last week of an invitation to visit Pakistan, said Ghani had assured him he would visit Islamabad after Prime Minister Nawaz Sharif pays a visit to Afgh
Published 08 May, 2017 12:00am
80 booked for pelting stones on minister's convoy

80 booked for pelting stones on minister's convoy

Police on Sunday registered a case against 80 people for pelting Khyber Pakhtunkhwa Minister for Food Qalandar Khan Lodhi's vehicle with stones. According to details, 18 persons are nominated in the case, however, no arrests have been made yet. The case w
Published 08 May, 2017 12:00am
Afghan shelling: QWP calls for resolving issues diplomatically

Afghan shelling: QWP calls for resolving issues diplomatically

Expressing concern over the escalating tension between Pakistan and Afghanistan, the Qaumi Watan Party (QWP) provincial chairman and Khyber Pakhtunkhwa Senior Minister Sikandar Hayat Khan Sherpao said that the deterioration of ties was not in the interest
Published 08 May, 2017 12:00am
Trade bodies concerned over probe against 'fake' complaints
Exchange

Trade bodies concerned over probe against 'fake' complaints

The Pakistan Fruit and Vegetable Exporters, Importers and Merchant Association (PFVA), Sargodha Chamber of Commerce and Industry (SCCI) and other trade bodies have expressed serious concerns over ongoing investigation against certain exporters by Post Cle
Published 08 May, 2017 12:00am
Non custom duty paid vehicles impounded in Gwadar

Non custom duty paid vehicles impounded in Gwadar

Model Custom Collectorate - Gwadar during past one month impounded 14 non custom duty paid (smuggled) luxury vehicles, worth Rs 45 million, said Custom Superintendent(Preventive), Muhammad Saleem Khokhar in a statement issued here on Sunday, He also menti
Published 08 May, 2017 12:00am
Status quo is production of corruption: Siraj

Status quo is production of corruption: Siraj

Jamaat-e-Islami (JI) Ameer, Senator Siraj-ul-Haq has said that the prevailing status quo is the production of corruption. Addressing a grand Ulema and Mashaikh Convention in Tehmas Khan Stadium, here on Sunday, he said that there is no name of any religio
Published 08 May, 2017 12:00am
PPC organizes Mushaira

PPC organizes Mushaira

Culture Committee, Peshawar Press Club (PPC) in collaboration with Culture Journalists Forum (CJP), Khyber Pakhtunkhwa organized a Mushaira Jeshn-e-Baharan with title Peace and Love here in the Zubair Mir Hall of the club. Renowned poet and writer Profess
Published 08 May, 2017 12:00am
Healthcare facilities Shahbaz for improving healthcare facilities

Healthcare facilities Shahbaz for improving healthcare facilities

Punjab Chief Minister Mian Shahbaz Sharif chaired a meeting on Sunday to review the progress on steps taken to improve the healthcare facilities in the province. Addressing the meeting, the Chief Minister said provision of quality and modern medical facil
Published 08 May, 2017 12:00am
Indian High Commission: man seeks police help to rescue wife

Indian High Commission: man seeks police help to rescue wife

A man from Buner district of Khyber Pakhtunkhwa has sought Islamabad police's help to rescue his wife, an Indian national, who he says is being kept at the Indian High Commission against her will since Friday. According to the police, Uzma met Tahir Ali i
Published 08 May, 2017 12:00am
Peshawar's three-day 'Hunar Mela' ends

Peshawar's three-day 'Hunar Mela' ends

A large number of men, women and students thronged to Peshawar's three-day "Hunar Mela" which ended on Sunday, with traditional music and dances highlighting the event. Young men danced as Humayun Khan, Zafar Khan, Meena Gul, Zahirullah, Falik Shabbir, Ze
Published 08 May, 2017 12:00am
Wassan named Sindh PPP's SVP

Wassan named Sindh PPP's SVP

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari accorded approval to the names of more office-bearers for his party's Sindh chapter with immediate effect. The PPP Media Cell announced that a notification in this regard was issued by Jameel So
Published 08 May, 2017 12:00am
Peshawar's Digital Youth Summit ends

Peshawar's Digital Youth Summit ends

The three-day annual Digital Youth Summit concluded here on Sunday, with hopes for creation of 75,000 new digital jobs. The summit, whose concluding session was addressed by PTI chairman Imran Khan, was sponsored by the Khyber Pakhtunkhwa Information Tech
Published 08 May, 2017 12:00am
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