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Print - 2017-06-30
World's biggest tech incubator opens in Paris

World's biggest tech incubator opens in Paris

Paris takes a step closer Thursday to fulfilling its ambition of becoming Europe's technology capital when President Emmanuel Macron inaugurates Station F, the world's largest start-up incubator on the banks of the Seine. The 34,000 square-metre (366,000
Published 30 Jun, 2017 12:00am
China posts Q1 capital, financial account surplus
Exchange

China posts Q1 capital, financial account surplus

China recorded a surplus in its capital and financial account in the first quarter, the foreign exchange regulator said on Thursday, indicating net capital inflows as policymakers tightened supervision of outflows. For the quarter, China posted a $39.3 bi
Published 30 Jun, 2017 12:00am
Dutch rail operator fined over regional services contract

Dutch rail operator fined over regional services contract

Dutch competition authorities slapped the national rail operator with a multi-million-euro fine Thursday for breaking the law during a 2014 tender process to provide regional rail services. "National Rail (NS) abused its position of power" in a bid to win
Published 30 Jun, 2017 12:00am
Most Maersk operations running after cyberattack

Most Maersk operations running after cyberattack

Maersk, the Danish container and shipping giant crippled by a global cyberattack this week, said Thursday most of its operations were now up and running again. "We are able to accept bookings again," the company said on its website. In addition, "the majo
Published 30 Jun, 2017 12:00am
German inflation edges up in June

German inflation edges up in June

Inflation picked up slightly in Germany, Europe's largest economy, in June, preliminary figures from federal statistics office Destatis showed Thursday, but remained short of the European Central Bank's eurozone-wide target. Consumer prices increased by 1
Published 30 Jun, 2017 12:00am
H&M profits lifted by new stores, cost control
Exchange

H&M profits lifted by new stores, cost control

Swedish clothing giant Hennes and Mauritz (H&M) on Thursday announced a stronger than expected profit in the second quarter thanks to the opening of new stores and better cost control. Net profit for the period between March and May stood at 5.9 billion k
Published 30 Jun, 2017 12:00am
Egypt slashes fuel subsidies in IMF-backed reform

Egypt slashes fuel subsidies in IMF-backed reform

Egypt announced a new sharp increase in fuel prices on Thursday, as it slashes government subsidies in a tough IMF-backed reform programme. The cabinet said that 82 octane petrol would sell for 3.65 pounds a litre (0.80 pounds a gallon) up from 2.35 (0.52
Published 30 Jun, 2017 12:00am
Egypt slashes fuel subsidies in IMF-backed reform

Egypt slashes fuel subsidies in IMF-backed reform

Egypt announced a new sharp increase in fuel prices on Thursday, as it slashes government subsidies in a tough IMF-backed reform programme. The cabinet said that 82 octane petrol would sell for 3.65 pounds a litre (0.80 pounds a gallon) up from 2.35 (0.52
Published 30 Jun, 2017 12:00am
Indonesia June inflation seen staying high on Ramazan demand

Indonesia June inflation seen staying high on Ramazan demand

Indonesia's annual inflation rate likely stayed stubbornly high in June, a Reuters poll showed, as increased consumption during festivities surrounding the Muslim fasting month of Ramadan pushed up prices, and in turn inflation. The poll's median forecast
Published 30 Jun, 2017 12:00am
Spain's population rises for first time on migration

Spain's population rises for first time on migration

The Spanish population rose for the first time since 2011 last year as immigrants poured back in to the country and fewer Spaniards left in the midst of an economic recovery, official data showed on Thursday. Spain's population has dropped every year sinc
Published 30 Jun, 2017 12:00am
US first quarter growth revised up to 1.4 percent

US first quarter growth revised up to 1.4 percent

The US economy grew slightly faster than originally reported in the first three months of the year, on stronger consumer spending and exports, the Commerce Department said Thursday. But even with the upward revision making GDP growth two-tenths higher tha
Published 30 Jun, 2017 12:00am
France far off course on deficit targets

France far off course on deficit targets

France is set to miss its 2017 deficit target by a wide margin, the country's public accounts watchdog said Thursday, predicting the gap between spending and revenue would exceed a eurozone limit of 3 percent of GDP. In the absence of "strong adjustment m
Published 30 Jun, 2017 12:00am
Ties off as British parliament breaks with tradition

Ties off as British parliament breaks with tradition

British politics took yet another surprise turn on Thursday when parliament scrapped a requirement for male lawmakers to wear ties, a move greeted with both concern and celebration at Westminster. Speaker John Bercow - often heard calling for "Order!" amo
Published 30 Jun, 2017 12:00am
German machine tool makers triple growth forecast

German machine tool makers triple growth forecast

The industry body for Germany's powerful machine tool sector on Thursday tripled its growth forecast for 2017, saying stronger than expected demand at home and abroad was boosting production. Based on strong growth in production so far this year, the Mech
Published 30 Jun, 2017 12:00am
Downslide continues on cotton market
Cotton

Downslide continues on cotton market

After a spate of long holidays, ready cotton market opened again on Thursday conceding a further loss of Rs 100 per maund (37.32 kgs). With hardly any reported business, ready cotton prices of the new crop (2017/2018) were reported to have ranged further
Published 30 Jun, 2017 12:00am
Downslide continues on cotton market
Cotton

Downslide continues on cotton market

After a spate of long holidays, ready cotton market opened again on Thursday conceding a further loss of Rs 100 per maund (37.32 kgs). With hardly any reported business, ready cotton prices of the new crop (2017/2018) were reported to have ranged further
Published 30 Jun, 2017 12:00am
LCWU, UNESCO to launch awareness campaign for water management

LCWU, UNESCO to launch awareness campaign for water management

Lahore College for Women University (LCWU) and UNESCO will launch awareness campaign in slum areas regarding water management and kitchen gardening. UNESCO's focal person for population planning Shaista Perwez Malik, MNA, will facilitate varsity in this r
Published 30 Jun, 2017 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (June 29, 2017).

Published 30 Jun, 2017 12:00am
A burning issue

A burning issue

On June 25, a day before Eidul Fitr, an oil tanker carrying 40000 liters of fuel from Karachi to Lahore overturned near Bahawalpur. Oblivious of the danger, hundreds of people from surrounding localities, carrying pails, bottles and jerry cans rushed to t
Published 30 Jun, 2017 12:00am
New central bank harmony has markets changing their tune

New central bank harmony has markets changing their tune

The world's top central bankers have delivered what seems to be a collective message this week that quantitative easing is being put back in its box and interest rates are going up - and global markets are taking note.
Published 30 Jun, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (June 29, 2017)

Published 30 Jun, 2017 12:00am
Setting record straight

Setting record straight

Ms Anjum Ibrahim has contributed a write-up titled "Current Account Deficit: a wake-up call" carried by Business Recorder on 19th June 2017. The writer has, however, raised the issue of current account deficit, trade deficit, increasing imports, de
Published 30 Jun, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (June 29, 2017).

Published 30 Jun, 2017 12:00am
Imran criticises US foreign policy

Imran criticises US foreign policy

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Thursday severely criticised US foreign policy, especially the recent US-India statement made by Donald Trump along with Indian Prime Minister Narendra Modi during the latter's visit to Washington this
Published 30 Jun, 2017 12:00am
Babar sends resignation to Senate chairman

Babar sends resignation to Senate chairman

In an application written in Urdu, former Pakistan Peoples Party Parliamentarians (PPPP) leader Babar Awan who recently joined Imran Khan's bandwagon, sent his resignation by post to Chairman Senate Raza Rabbani on Thursday. In his application addressed t
Published 30 Jun, 2017 12:00am
Dasti begs CJP to take notice of his ordeal in prison

Dasti begs CJP to take notice of his ordeal in prison

An independent MNA from Muzaffargarh, Jamshed Dasti, who was arrested earlier this month, on Thursday appealed to the Chief Justice of Pakistan to take notice of his ordeal as he claimed of being subjected to severe torture and starvation inside the priso
Published 30 Jun, 2017 12:00am
The Weather

The Weather

The weather report on Thursday (June 29, 2017) and the forecast for Friday (June 30, 2017).

Published 30 Jun, 2017 12:00am
Fata reforms to be implemented with stakeholders' consent

Fata reforms to be implemented with stakeholders' consent

Minister of State for Information and Broadcasting Marriyum Aurangzeb said that the government would implement the FATA reforms in consultation with all stakeholders. "Fata reforms is vision of Prime Minister Nawaz Sharif that is aimed at providing all fu
Published 30 Jun, 2017 12:00am
Businessmen convention on July 6

Businessmen convention on July 6

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) will organize a businessmen convention on July 6, 2017, in the provincial metropolis.
Published 30 Jun, 2017 12:00am
Provisional census results by July-end, Dar told

Provisional census results by July-end, Dar told

Finance Minister Ishaq Dar Thursday chaired a briefing session on the recently held population and housing census 2017. Chief Statistician, Pakistan Bureau of Statistics (PBS)/Chief Census Commissioner, Asif Bajwa informed the minister that the field oper
Published 30 Jun, 2017 12:00am
Raymond Davis releases memoir on 2011 killings

Raymond Davis releases memoir on 2011 killings

Raymond Davis, the CIA operative who sparked a diplomatic row after gunning down two men on the streets of Lahore in January 2011, has penned his side of the story for the first time in a memoir titled "The Contractor: How I Landed in a Pakistani Prison a
Published 30 Jun, 2017 12:00am
Marriyum chairs condolence meeting

Marriyum chairs condolence meeting

Minister of State for Information, Broadcasting and National Heritage Marriyum Aurangzeb on Thursday chaired a condolence meeting in the ministry for the martyrs of the terrorist attacks at Parachinar and Quetta and the inferno that followed the overturni
Published 30 Jun, 2017 12:00am
Acting British HC, Dar discuss bilateral ties

Acting British HC, Dar discuss bilateral ties

Acting British High Commissioner, Richard Crowder called on Finance Minister, Senator Mohammad Ishaq Dar, at the Ministry of Finance on Thursday. He was accompanied by Judith Herbertson, Deputy Head of Department for International Development UK (DFID) in
Published 30 Jun, 2017 12:00am
Parachinar tragedy: PPPP seeks adjournment of Senate proceedings

Parachinar tragedy: PPPP seeks adjournment of Senate proceedings

Pakistan Peoples Party Parliamentarians (PPPP) has sought adjournment of Senate proceedings to discuss the militant attack in Parachinar on the eve of Eid and the gross mishandling of the post-mayhem situation by the security agencies by firing at the cit
Published 30 Jun, 2017 12:00am
Attempt to smuggle foreign currency foiled

Attempt to smuggle foreign currency foiled

Customs authorities foiled an attempt of the smuggling of 0.4 million Saudi Riyals to Saudi Arabia at Bacha Khan International Airport (BKIA) Peshawar and registered an FIR after arresting the accused person.
Published 30 Jun, 2017 12:00am
Irsa accords priority to filling Mangla Dam

Irsa accords priority to filling Mangla Dam

The Indus River System Authority (Irsa) has given priority to filling the country's biggest Mangla Dam on the river Jhelum and reduced the water outflow from the reservoir to the minimum level of 10,000 cusecs at the risk of cutting short the hydel power
Published 30 Jun, 2017 12:00am
Elahi slams torture on Dasti

Elahi slams torture on Dasti

Senior central leader, Pakistan Muslim League-Q, and former chief minister Ch Parvez Elahi has condemned in the strongest possible words maltreatment and torture being metted to Jamshed Dasti in jail and said presenting an elected assembly member in the c
Published 30 Jun, 2017 12:00am
One killed, four injured in road mishap in Malakand

One killed, four injured in road mishap in Malakand

One person died and four others seriously injured in road accident at Hereoshah, a far-flung area of tehsil Dargai in Malakand division. Police sources said that tourists belonging to District Charssada were on their way back faced the accident on a rural
Published 30 Jun, 2017 12:00am
WASA chalks out plan for monsoon rains

WASA chalks out plan for monsoon rains

Water and Sanitation Agency (WASA) devised a comprehensive plan to cope with any emergency in the monsoon season. According to Managing Director (WASA) Raja Shoukat Mahmood, the city has been divided into four zones including Liaquat Bagh, Bagh Sardaran,
Published 30 Jun, 2017 12:00am
Entering agreement with MPA: Slain cop's family refutes claims

Entering agreement with MPA: Slain cop's family refutes claims

The family of slain traffic police constable Attaullah who died after being hit by Member of Provincial Assembly (MPA) Majeed Achakzai in Quetta has refuted claims of entering into an agreement with the MPA. Attaullah's son Moazzam has revealed that they
Published 30 Jun, 2017 12:00am
Security forces' sacrifices lauded

Security forces' sacrifices lauded

Acting President of LCCI Nasir Hameed Khan has hailed the sacrifices of security forces for maintaining peace in the country and said the entire business community is standing with the armed forces to tackle the ugly conspiracies of anti-Pakistan elements
Published 30 Jun, 2017 12:00am
PSX approves formal listing of Ittefaq Iron Industries' shares
Exchange

PSX approves formal listing of Ittefaq Iron Industries' shares

Pakistan Stock Exchange (PSX) has approved the application for formal listing and quotation of shares of Ittefaq Iron Industries Limited on completion of relevant requirements under the Listing of Companies and Securities Regulations of the Exchange.
Published 30 Jun, 2017 12:00am
Eid holidays: WSSCM disposes of 550 tons of municipal waste

Eid holidays: WSSCM disposes of 550 tons of municipal waste

During the Eid-ul-Fitr holidays, staff of Water and Sanitation Services Company Mardan (WSSCM) remained on-duty and left no stone unturned to provide timely municipal services to the inhabitants of Mardan, and collected almost 550 tons of municipal waste
Published 30 Jun, 2017 12:00am
'Sikhs, Hindus enjoy complete religious freedom'

'Sikhs, Hindus enjoy complete religious freedom'

Evacuee Trust Property Board (ETPB) Chairman Muhammad Siddiqul Farooq has said that Sikh and Hindu communities living in Pakistan enjoy complete religious freedom. He expressed these views while addressing a ceremony held at Gurdwara Dera Sahib in connect
Published 30 Jun, 2017 12:00am
Chief Minister for handing over rest houses to private sector

Chief Minister for handing over rest houses to private sector

Khyber Pakhtunkhwa Chief Minister Pervez Khattak has said that the best option for the successful operation of the public sector rest houses is their handing over to private sector. He expressed these views in a meeting with the members of KP Assembly at
Published 30 Jun, 2017 12:00am
Bank Al Habib rating maintained

Bank Al Habib rating maintained

The Pakistan Credit Rating Agency Limited (PACRA) maintains the ratings of Bank A1 Habib Limited. The ratings reflect the bank's sustained performance, exceptional asset quality, satisfactory financial profile and strong liquidity. The bank has solidified
Published 30 Jun, 2017 12:00am
Small traders fear fiscal losses due to rains

Small traders fear fiscal losses due to rains

The scudding monsoon clouds that are set to unleash more rains have left the city's small traders worried about the expected flooding of markets' roads as the civic authorities lack plans, according to them. Traders said that markets located in downward a
Published 30 Jun, 2017 12:00am
Microsoft Pakistan organizes CSR campaign

Microsoft Pakistan organizes CSR campaign

Microsoft Pakistan has recently organized its CSR campaign named "Microsoft Pakistan Partners Ecosystem CSR Outreach" with the commitment of facilitating the needs of people in all communities. The motive behind Microsoft philanthropies is to invest the s
Published 30 Jun, 2017 12:00am
NAB arrests alleged land grabber

NAB arrests alleged land grabber

National Accountability Bureau (NAB), Karachi said on Thursday that an alleged land grabber involved in selling government land was arrested. NAB Karachi arrested the accused Aleemuddin s/o Ziauddin, who is wanted in Reference No.35/2015, State vs. Haroon
Published 30 Jun, 2017 12:00am
'Five inmates of Karachi jail involved in jailbreak'

'Five inmates of Karachi jail involved in jailbreak'

Five inmates of Central Jail Karachi were involved in helping two hardcore terrorists escape the prison late at night on June 14. According to sources, an investigation into the case has revealed that Sheikh Mumtaz alias Firon and Ahmed alias Munna were h
Published 30 Jun, 2017 12:00am
MPA Achakzai's physical remand extended

MPA Achakzai's physical remand extended

A court on Thursday extended the physical remand of a Pakhtunkhwa Milli Awami Party MPA in the hit-and-run case which led to the death of a traffic police official last week. The MPA, Abdul Majeed Achakzai, had been remanded into police custody for five d
Published 30 Jun, 2017 12:00am
Journalist picked up for 'critical' posts on Facebook

Journalist picked up for 'critical' posts on Facebook

Zafar Achakzai, a journalist working for Daily "Qudrat" was abducted by men in plain clothes from his home in Quetta, Pakistan Press Foundation (PPF) reported on Thursday. Achakzai's whereabouts remain unknown though local journalists believe he was picke
Published 30 Jun, 2017 12:00am
Amreli Steel announces 15-day shutdown
Exchange

Amreli Steel announces 15-day shutdown

Amreli Steel Limited has announced 15 days shut down of its SITE re-rolling plant for maintenance. The information sent to Pakistan Stock Exchange on Thursday said the Company is undertaking a fifteen days shutdown of its S.I.T.E. re-rolling plant for rep
Published 30 Jun, 2017 12:00am
'Sindh government considering health cards for journalists'

'Sindh government considering health cards for journalists'

Sindh Information Minister Syed Nasir Hussain Shah has said the provincial government is planning to provide health cards to journalists, and that their problems pertaining to plots will also be resolved. Talking to journalists at his residence here on We
Published 30 Jun, 2017 12:00am
PACRA maintain Soneri bank's ratings

PACRA maintain Soneri bank's ratings

The Pakistan Credit Rating Agency Limited ("PACRA") has maintained the Soneri Bank Limited's long-term rating of "AA-" (double A minus) and a short-term rating of "A1+" (single A one plus).
Published 30 Jun, 2017 12:00am
LG expanding capabilities

LG expanding capabilities

Starting next month, LG (Electronics) is expanding the capabilities of its highly regarded LG G6 with an enhanced security option and user-friendlier features. New capabilities in the form of Face Print, Low Power Consumption and Covered Lens warning will
Published 30 Jun, 2017 12:00am
Dar urged to reverse new tax on mobiles

Dar urged to reverse new tax on mobiles

The president of the Karachi Chamber of Commerce and Industry (KCCI), Shamim Ahmed Firpo, has urged Federal Minister for Finance Ishaq Dar that sales tax imposed on all three categories of mobile phones should be restored to the same level where it was in
Published 30 Jun, 2017 12:00am
Rs 4052.489 millions DMC (South) budget approved

Rs 4052.489 millions DMC (South) budget approved

The Council of the District Municipal Corporation (DMC) Karachi South on Thursday approved a surplus budget of Rs 4052.489 million showing a saving of Rs 1.3 million. The budget was presented by the chairman of DMC South Malik Muhammad Fayyaz at the sessi
Published 30 Jun, 2017 12:00am
Rs 4052.489 millions DMC (South) budget approved

Rs 4052.489 millions DMC (South) budget approved

The Council of the District Municipal Corporation (DMC) Karachi South on Thursday approved a surplus budget of Rs 4052.489 million showing a saving of Rs 1.3 million. The budget was presented by the chairman of DMC South Malik Muhammad Fayyaz at the sessi
Published 30 Jun, 2017 12:00am
PPP, MQM failed to deliver: JI leader

PPP, MQM failed to deliver: JI leader

Jamaat-e-Islami (JI) leader and nominated candidate for by-polls of PS-114 Zahoor Ahmed Jadoon alleged that both Pakistan Peoples Party (PPP) and Muttahida Qaumi Movement Pakistan (MQM-P) representatives received all perks and benefits but they failed to
Published 30 Jun, 2017 12:00am
K-Electric teams maintain strict vigilance on Second day

K-Electric teams maintain strict vigilance on Second day

K-Electric Rapid Response team maintained strict vigilance on Thursday as city experienced another wave of rain. The overall power supply system remained intact on second day of rains as well. A few feeders were affected on the second day and were re-ener
Published 30 Jun, 2017 12:00am
PSX to celebrate self-listing today
Exchange

PSX to celebrate self-listing today

Pakistan Stock Exchange (PSX) has announced that it will hold a ceremony to celebrate the successful completion of "Offer for Sale of PSX Shares and Self-Listing" at PSX main trading hall on Friday (today). Sindh Governor Muhammad Zubair will be the chief
Published 30 Jun, 2017 12:00am
JUI-F, ANP, JI flexing muscle for electioneering in KP

JUI-F, ANP, JI flexing muscle for electioneering in KP

To start election campaign for the up-coming general elections Jamaat-e-Islami, JUI-F and Awami National Party (ANP) has started flexing their muscle for electioneering amid fear of arch political rival Pakistan Tehreek-e-Insaf which is gaining strength w
Published 30 Jun, 2017 12:00am
Thousands of protesters demand proper security in Parachinar

Thousands of protesters demand proper security in Parachinar

Tens of thousands of people protested in Parachinar on Thursday to demand better security after twin bombings in a market there last week killed 75 people, officials and witnesses said. Citizens of Parachinar began a sit-in protest soon after the two bomb
Published 30 Jun, 2017 12:00am
'Emerging Pakistan' branding on London's iconic double-decker buses

'Emerging Pakistan' branding on London's iconic double-decker buses

London's iconic red double-decker buses are carrying brand Pakistan on the roads of Central London, the hub of world tourists. This ultimate branding campaign is running under the theme of "Emerging Pakistan" and will continue for four weeks, said a press
Published 30 Jun, 2017 12:00am
Bilawal lashes out at government for making Parachinar 'no go area'

Bilawal lashes out at government for making Parachinar 'no go area'

Chairman Pakistan Peoples Party Bilawal Bhutto Zardari has lashed out at Federal government for disallowing landing to PPP delegation comprised former Interior Minister Senator Rehman Malik and former Deputy Speaker of National Assembly Faisal Karim Kundi
Published 30 Jun, 2017 12:00am
Parachinar twin blasts: QWP team meets victims' family members

Parachinar twin blasts: QWP team meets victims' family members

A three-member delegation of Qaumi Watan Party (QWP) visited Parachinar on Thursday to attend sit-in arranged by the family members of victims of twin blasts. The delegation was headed by Arshad Khan Umerzai special assistant to Chief Minister Khyber Pakh
Published 30 Jun, 2017 12:00am
Compensation announced for Parachinar blasts' victims

Compensation announced for Parachinar blasts' victims

Prime Minister Nawaz Sharif has announced a compensation of Rs one million for the heirs of each martyred and Rs 0.5 million for every injured of Parachinar bomb blasts last week.
Published 30 Jun, 2017 12:00am
Prime Minister grieved

Prime Minister grieved

Prime Minister Muhammad Nawaz Sharif on Thursday expressed grief over the loss of lives in the accident of a cable car, linking Charra Pani in Murree and Panwari village of Khyber Pakhtunkhwa. The injured were brought to Holy Family hospital Rawalpindi fo
Published 30 Jun, 2017 12:00am
NDMA reviews monsoon rains & flood situation

NDMA reviews monsoon rains & flood situation

Following Prime Minister Nawaz Sharif's directives, National Disaster Management Authority (NDMA) Thursday held an emergency meeting to review monsoon rains and the expected flood situation in the country. Chairman NDMA Lt Gen Omer Mahmood Hayat while pre
Published 30 Jun, 2017 12:00am
Maleeha urges NSG to ensure equal treatment for membership

Maleeha urges NSG to ensure equal treatment for membership

Pakistan's Ambassador to the United Nations Maleeha Lodhi has called for the Nuclear Suppliers Group (NSG) to establish and adhere to more objective and non-discriminatory criteria to ensure equal treatment of Nuclear Non-Proliferation Treaty (NPT) applic
Published 30 Jun, 2017 12:00am
Palestinian president grieves over tanker tragedy
Exchange

Palestinian president grieves over tanker tragedy

President of Palestine Mahmood Abbas telephoned Prime Minister Muhammad Nawaz Sharif on Thursday and expressed grief over the heavy loss of precious lives and injuries in the Oil Tanker Fire incident that occurred in Bahawalpur.
Published 30 Jun, 2017 12:00am
Thin attendance observed in offices after Eid

Thin attendance observed in offices after Eid

Thin attendance was observed in Islamabad government and private offices on Thursday, the first working day after Eid-ul-Fitr. The government announced Eid holidays for its employees from Monday (June 26) to Wednesday (June 28). However, the government an
Published 30 Jun, 2017 12:00am
SAARC CC&I hails Chinese initiative for easing Pak-Afghan tension

SAARC CC&I hails Chinese initiative for easing Pak-Afghan tension

The SAARC Chamber of Commerce and Industry on Thursday welcomed the China's mediation bid to ease Afghanistan-Pakistan tensions and said that trilateral cooperation among Afghanistan, China and Pakistan will bring prosperity and peace to the region.
Published 30 Jun, 2017 12:00am
Pacra maintains MCB Bank's entity ratings

Pacra maintains MCB Bank's entity ratings

PACRA has maintained the long-term AAA and short-term A1+ entity ratings of MCB Bank Limited. The ratings take note of MCB's sustained financial profile, reflected in very strong capitalization, sound liquidity and diverse deposit base. This has been enab
Published 30 Jun, 2017 12:00am
10869 victims rescued during Eid holidays

10869 victims rescued during Eid holidays

Punjab Emergency Service (Rescue 1122) has rescued as many as 10869 victims of emergencies during "Chand Raat" and Eid holidays across the province of Punjab. The service deal with 5350 emergencies including 4188 Road Traffic Crashes (RTCs) in all distric
Published 30 Jun, 2017 12:00am
Industrial clusters Uninterrupted power supply restored in Lahore

Industrial clusters Uninterrupted power supply restored in Lahore

Uninterrupted power supply has been restored to the industrial clusters within the Lahore Electric Supply Company (LESCO) region, said the company sources. The sources said a substantial drop in mercury since the second day of Eid led to the resumption of
Published 30 Jun, 2017 12:00am
PFA fines 12 famous eateries in Lahore

PFA fines 12 famous eateries in Lahore

The Punjab Food Authority (PFA) on Thursday imposed heavy fine on 12 famous eateries while issued warnings to 41 others on the charges of flouting hygiene rules. According to information released by the Authority, various famous restaurants were checked b
Published 30 Jun, 2017 12:00am
Body formed to probe tanker tragedy

Body formed to probe tanker tragedy

Punjab Chief Minister Muhammad Shahbaz Sharif on Thursday constituted a four-member inquiry committee to investigate the Ahmadpur East oil tanker tragedy. Chairman Chief Minister's Inspection Team Irfan Ali will head the committee while former IG Police T
Published 30 Jun, 2017 12:00am
Cabinet body praised for maintaining L&O during Eid

Cabinet body praised for maintaining L&O during Eid

Punjab Chief Minister Muhammad Shahbaz Sharif has commended the performance of Provincial Cabinet Committee for Law and Order for making best security arrangement to protect life and property of the people on Eid. He said that the performance of police an
Published 30 Jun, 2017 12:00am
Conspiracy being hatched against Prime Minister: Saad

Conspiracy being hatched against Prime Minister: Saad

Pakistan Railways Minister and PML-N senior leader, Khawaja Saad Rafique said on Thursday that a conspiracy was being hatched to punish Prime Minister Nawaz Sharif over his economic turnaround with regard to the China-Pakistan Economic Corridor (CPEC).
Published 30 Jun, 2017 12:00am
Emirates wins award

Emirates wins award

Emirates has won World's Best In-flight entertainment award for a record 13th year at the prestigious Skytrax World Airline Awards 2017. The airline also picked up the award for Best First Class Comfort Amenities. The Skytrax World Airline Awards are cons
Published 30 Jun, 2017 12:00am
Chief Minister's directive for setting up flood control rooms

Chief Minister's directive for setting up flood control rooms

Punjab Chief Minister Muhammad Shahbaz Sharif has directed all the concerned departments to remain vigilant and alert in the wake of any possible floods and also maintain close and continuous liaison with each other to cope with any emergent situation.
Published 30 Jun, 2017 12:00am
Indus, Kabul & Chenab Rivers in low flood

Indus, Kabul & Chenab Rivers in low flood

The mighty Indus is in low flood with the flow of 2,48,000 cusecs at Chashma, river Kabul is in low flood at Nowshera with 59,000 cusecs running water and the river Chenab is in low flood at Marala with the flow of 91,000 cusecs of water. The Flood Warnin
Published 30 Jun, 2017 12:00am
Torrential rains: DC puts departmental services on high alert

Torrential rains: DC puts departmental services on high alert

Divisional Commissioner Momin Agha directed for putting the departmental services on high alert in Faisalabad division to cope with any emergency situation due to torrential rains and flood in rivers during monsoon season.
Published 30 Jun, 2017 12:00am
Textile sector needs government's attention for survival: MCCI
Cotton

Textile sector needs government's attention for survival: MCCI

Multan Chamber of Commerce and Industry (MCCI) on Thursday said that textile sector needs immediate attention of the government for its survival otherwise people would be rendered jobless after the closure of textile industry. MCCI President Khawaja Jalal
Published 30 Jun, 2017 12:00am
Bullish bets trimmed in most emerging Asian currencies

Bullish bets trimmed in most emerging Asian currencies

Investors have trimmed their long positions in most Asian currencies compared with two weeks ago, a Reuters poll showed, amid jitters that the European Central Bank may be getting ready to reduce its aggressive monetary stimulus. In a sign of the more cau
Published 30 Jun, 2017 12:00am
Jury finds five guilty of Kremlin foe Nemtsov murder

Jury finds five guilty of Kremlin foe Nemtsov murder

A Russian jury on Thursday found all five defendants guilty of organising and carrying out the contract killing of opposition leader Boris Nemtsov, after a trial his allies say failed to unmask the masterminds. Former deputy prime minister Nemtsov, a fier
Published 30 Jun, 2017 12:00am
Saudi releases Iran fishermen held for over a year

Saudi releases Iran fishermen held for over a year

Saudi Arabia released five Iranian fishermen held for over a year, news agencies in Iran reported Thursday, in a rare sign of conciliation between the regional rivals. The five fishermen were said to have been in custody since they strayed into Saudi wate
Published 30 Jun, 2017 12:00am
US Treasury sanctions Chinese bank for illegal North Korea activity

US Treasury sanctions Chinese bank for illegal North Korea activity

The US Treasury Department on Thursday slapped sanctions on a Chinese bank over illicit activities in North Korea, including facilitating the production of weapons of mass destruction. Bank of Dandong which "acts as a conduit for illicit North Korean fina
Published 30 Jun, 2017 12:00am
How studio giants dropped rivalry for 'Spiderman' reboot

How studio giants dropped rivalry for 'Spiderman' reboot

"Spider-Man: Homecoming" sees one of the most successful superheroes in movie history return to his comic book roots - but the film's release is a landmark Hollywood event for a different reason. The $175 million blockbuster brings together two corporate
Published 30 Jun, 2017 12:00am
Judge in UK blaze probe 'doubtful' can satisfy survivors

Judge in UK blaze probe 'doubtful' can satisfy survivors

A retired judge appointed to lead a public inquiry into the London tower block fire on Thursday said he was "doubtful" survivors will be satisfied by the scope of the probe into the deadly blaze. Martin Moore-Bick was named by Prime Minister Theresa May a
Published 30 Jun, 2017 12:00am
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