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Print - 2017-07-20
US homebuilding hits four-month high, supply constraints remain

US homebuilding hits four-month high, supply constraints remain

US homebuilding surged to a four-month high in June, but construction activity remains constrained by rising lumber prices and labour and land shortages. June's better-than-expected increase in housing starts ended three straight months of declines, offer
Published 20 Jul, 2017 12:00am
BHP to ramp up US shale rigs despite divestment calls
Exchange

BHP to ramp up US shale rigs despite divestment calls

BHP said Wednesday it would double the number of onshore US shale rigs, despite a major shareholder pushing for the commodities giant to divest its American oil and gas assets. The Anglo-Australian firm said in an annual operational review ending June 30
Published 20 Jul, 2017 12:00am
Morgan Stanley claims another trading victory over rival Goldman Sachs

Morgan Stanley claims another trading victory over rival Goldman Sachs

Morgan Stanley beat Wall Street's profit expectations on Wednesday, reporting gains across most of its businesses and producing more trading revenue than rival Goldman Sachs Group Inc, a rare feat. The sixth-largest US bank by assets reported an 11 percen
Published 20 Jul, 2017 12:00am
Morgan Stanley claims another trading victory over rival Goldman Sachs

Morgan Stanley claims another trading victory over rival Goldman Sachs

Morgan Stanley beat Wall Street's profit expectations on Wednesday, reporting gains across most of its businesses and producing more trading revenue than rival Goldman Sachs Group Inc, a rare feat. The sixth-largest US bank by assets reported an 11 percen
Published 20 Jul, 2017 12:00am
Morgan Stanley to shift jobs to Frankfurt due to Brexit

Morgan Stanley to shift jobs to Frankfurt due to Brexit

Morgan Stanley has picked Frankfurt as a new temporary hub to operate in the European Union when Brexit takes effect, a person familiar with the situation said Wednesday. The New York investment bank will double staff in the German city from 200 to 400 in
Published 20 Jul, 2017 12:00am
Morgan Stanley to shift jobs to Frankfurt due to Brexit

Morgan Stanley to shift jobs to Frankfurt due to Brexit

Morgan Stanley has picked Frankfurt as a new temporary hub to operate in the European Union when Brexit takes effect, a person familiar with the situation said Wednesday. The New York investment bank will double staff in the German city from 200 to 400 in
Published 20 Jul, 2017 12:00am
Government planning to establish 46 SEZs on CPEC route: BoI

Government planning to establish 46 SEZs on CPEC route: BoI

In recent chain of events the Board of Investment (BoI) announced that the government is planning to establish 46 Special Economic Zones (SEZs) in conjunction with the China-Pakistan Economic Corridor (CPEC) route in the long run. During the Pak-China Joi
Published 20 Jul, 2017 12:00am
Monetary Policy on Saturday

Monetary Policy on Saturday

The State Bank of Pakistan (SBP) will announce Monetary Policy Statement for next two months on Saturday. Independent monetary policy committee is will meet on July 22, 2017 for deliberate on the key economic issues and finalize the monetary policy for ne
Published 20 Jul, 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 Wednesday (July 19, 2017).

Published 20 Jul, 2017 12:00am
Monetary Policy on Saturday

Monetary Policy on Saturday

The State Bank of Pakistan (SBP) will announce Monetary Policy Statement for next two months on Saturday. Independent monetary policy committee is will meet on July 22, 2017 for deliberate on the key economic issues and finalize the monetary policy for ne
Published 20 Jul, 2017 12:00am
Monetary Policy on Saturday

Monetary Policy on Saturday

The State Bank of Pakistan (SBP) will announce Monetary Policy Statement for next two months on Saturday. Independent monetary policy committee is will meet on July 22, 2017 for deliberate on the key economic issues and finalize the monetary policy for ne
Published 20 Jul, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (July 19, 2017)

Published 20 Jul, 2017 12:00am
Hydropower project: PPIB likely to issue LoS to South Korean Company

Hydropower project: PPIB likely to issue LoS to South Korean Company

Private Power Infrastructure Board (PPIB) is likely to issue a Letter of Support (LoS) to a South Korean company, M/s Daelim, for 500MW Chakothi-Hattian hydropower project as M/s Sohail Jute Mills Limited has failed to fulfil requirements, well-informed s
Published 20 Jul, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (July 19, 2017).

Published 20 Jul, 2017 12:00am
Hydropower project: PPIB likely to issue LoS to South Korean Company

Hydropower project: PPIB likely to issue LoS to South Korean Company

Private Power Infrastructure Board (PPIB) is likely to issue a Letter of Support (LoS) to a South Korean company, M/s Daelim, for 500MW Chakothi-Hattian hydropower project as M/s Sohail Jute Mills Limited has failed to fulfil requirements, well-informed s
Published 20 Jul, 2017 12:00am
Hydropower project: PPIB likely to issue LoS to South Korean Company

Hydropower project: PPIB likely to issue LoS to South Korean Company

Private Power Infrastructure Board (PPIB) is likely to issue a Letter of Support (LoS) to a South Korean company, M/s Daelim, for 500MW Chakothi-Hattian hydropower project as M/s Sohail Jute Mills Limited has failed to fulfil requirements, well-informed s
Published 20 Jul, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (July 19, 2017).

Published 20 Jul, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (July 19, 2017).

Published 20 Jul, 2017 12:00am
French military chief quits after Macron row

French military chief quits after Macron row

French leader Emmanuel Macron faced the biggest crisis of his young presidency on Wednesday following the resignation of the head of the armed forces, whom he had rebuked for criticising defence spending cuts. The row between Macron and General Pierre De
Published 20 Jul, 2017 12:00am
The Weather

The Weather

The weather report on Wednesday (July 19, 2017) and the forecast for Thursday (July 20, 2017).

Published 20 Jul, 2017 12:00am
French military chief quits after Macron row

French military chief quits after Macron row

French leader Emmanuel Macron faced the biggest crisis of his young presidency on Wednesday following the resignation of the head of the armed forces, whom he had rebuked for criticising defence spending cuts. The row between Macron and General Pierre De
Published 20 Jul, 2017 12:00am
Three-ring circus

Three-ring circus

Ever since the Panama case started, there has been an unseemly cacophony of comment and even 'advice' to the Supreme Court what verdict to give, coloured of course by the particular political bent of the commentator. Whereas the media, especially electron
Published 20 Jul, 2017 12:00am
Manipulation of the non-tax revenue

Manipulation of the non-tax revenue

Federal Finance Minister Ishaq Dar has been consistently accused of budgetary data manipulation to show a lower deficit than is the case. This manipulation is not only limited to showing a better performance of the Federal Board of Revenue by relocating t
Published 20 Jul, 2017 12:00am
Panamanian false flags

Panamanian false flags

Thirteen months ago, in our column Panama: Whoever wins we lose, we had reflected on the Panama endgame and concluded "Nawaz loses we get uncertainty and its discontents; Nawaz wins we get badshahat and its costs" Blissfully, JIT has put to bed the badsha
Published 20 Jul, 2017 12:00am
The game is over?

The game is over?

Prime Minister Nawaz Sharif and company seem to have sensed what is coming at them, hence the new PML-N line that the Panama corruption case is a conspiracy to undermine democracy. Sharif told journalists last month after his appearance before the Joint I
Published 20 Jul, 2017 12:00am
Unconstitutional repeal of NAB Ordinance
Exchange

Unconstitutional repeal of NAB Ordinance

The provincial assembly of the Sindh has passed a Bill (NAB Repeal Bill) to repeal the NAB Ordinance 1999(NAB Ordinance) to the extent of Province of Sindh on grounds that it was competent under the Constitution of Islamic Republic of Pakistan 1973 (Const
Published 20 Jul, 2017 12:00am
The battle for Punjab

The battle for Punjab

This is apropos a Business Recorder news item "Bilawal asks workers to take out anti-PM rallies in Punjab" carried by the newspaper yesterday. According to it, Chairman Pakistan People's Party, Bilawal Bhutto Zardari has directed PPP Punjab to take
Published 20 Jul, 2017 12:00am
HRCP condemns killing of Hazaras

HRCP condemns killing of Hazaras

The Human Rights Commission of Pakistan (HRCP) strongly condemns the latest incident of wanton violence against the Hazara Shia Community in Balochistan and takes serious notice of the government's failure to curb violence against a minority community and
Published 20 Jul, 2017 12:00am
KP to launch Public Financial Management Reform Strategy today

KP to launch Public Financial Management Reform Strategy today

KP government will unveil a three-year Public Financial Management Reform Strategy (2017-20) that includes a roadmap for policy driven budget-making and its effective execution. A special session will be convened on Thursday (today) to officially launch t
Published 20 Jul, 2017 12:00am
PML-N redoubles mass contact campaign

PML-N redoubles mass contact campaign

Sensing a negative outcome of the proceedings on Panama Papers case in the SC, the PML-N has doubled mass contact campaign in the city. President PML-N Lahore Pervaiz Malik organised an open session with the residents of interior city and spent hours to l
Published 20 Jul, 2017 12:00am
Haj flights from BKIA to start from July 24

Haj flights from BKIA to start from July 24

The federal government has approved flights of intending Hajis of southern districts of Khyber Pakhtunkhwa from Bacha Khan Airport (BKIA) Peshawar. While, the vaccination of the intending pilgrims is being carried out as the Hajj operations will start fro
Published 20 Jul, 2017 12:00am
Nawaz to inaugurate Lowari Tunnel today

Nawaz to inaugurate Lowari Tunnel today

Prime Minister Nawaz Sharif is all set to inaugurate the long-awaited Lowari Tunnel on Thursday (today), which has been completed with Rs 27 billion against the initial cost of Rs 7 billion. In 2015, the government approved additional funds for a revised
Published 20 Jul, 2017 12:00am
Flash floods damage 20 houses in Mohmand Agency

Flash floods damage 20 houses in Mohmand Agency

At least 20 houses and standing crops have been damaged due to heavy rain in Mohmand Agency. The locals said that heavy rains in Shaheed Banda on Tuesday night caused flash flood that damaged boundary walls and rooms of 20 houses and three cattle were als
Published 20 Jul, 2017 12:00am
CTP to formally launch 'e-ticketing system' in August

CTP to formally launch 'e-ticketing system' in August

The City Traffic Police (CTP) Lahore in collaboration with the Punjab Safe City Authority (PSCA) is planning to formally launch the 'E-ticketing system' in the provincial metropolis by the end of August through which they would be enabled to issue 'fine t
Published 20 Jul, 2017 12:00am
Imran charges Dar with fudging figures on state of economy

Imran charges Dar with fudging figures on state of economy

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan has alleged that Finance Minister Muhammad Ishaq Dar is the "biggest con man, baggageman and money launderer" of Prime Minister Nawaz Sharif and his family. Khan expressed these views while addressing a n
Published 20 Jul, 2017 12:00am
Dar 'front accountant' of Sharif family: PTI

Dar 'front accountant' of Sharif family: PTI

Finance Minister Ishaq Dar is a "front accountant" of Sharif family and nobody has made a name for himself in corruption as much as the finance minister. Pakistan Tehreek-e-Insaf (PTI) Spokesman Fawad Chaudhry said this on Wednesday while speaking to medi
Published 20 Jul, 2017 12:00am
Nawaz inaugurates business centre in Sialkot

Nawaz inaugurates business centre in Sialkot

Prime Minister Nawaz Sharif on Wednesday inaugurated the newly established Riazuddin Sheikh Business and Commerce centre, established at the cost of Rs 484.61 million. The Prime Minister on this occasion appreciated the steps and efforts for the establish
Published 20 Jul, 2017 12:00am
Aziz assures political, diplomatic, moral support to APHC

Aziz assures political, diplomatic, moral support to APHC

A 9-member delegation of Representatives of All Parties Hurriyat Conference called on the Foreign Affairs Adviser, Sartaj Aziz here on Wednesday. The Adviser noted that Jammu & Kashmir remains the core dispute between India and Pakistan, and its resolutio
Published 20 Jul, 2017 12:00am
ABL, Mepco sign agreement for digitized payment solution

ABL, Mepco sign agreement for digitized payment solution

ABL & Multan Electric Power Company ( MEPCO) have entered into an agreement for "Cash Payment Hub Solution" provided by ABL as a new digital initiative in banking industry which will not only provide, hassle free way of payment of bills for the consumers
Published 20 Jul, 2017 12:00am
Mega scam issue in real estate sector echoes in Senate

Mega scam issue in real estate sector echoes in Senate

The issue of mega scam in real estate sector involving Kamran Kayani, the brother of former Army Chief General Ashfaq Pervaiz Kayani (retd), echoed in the Senate on Wednesday, with a PPP senator accusing the secretary defence of not taking interest in the
Published 20 Jul, 2017 12:00am
Meezan Bank has largest number of CSAA qualified professionals

Meezan Bank has largest number of CSAA qualified professionals

Meezan Bank now has the largest number of CSAA (Certified Shari'ah Adviser and Auditor) qualified professionals in any bank in Pakistan. CSAA certification, offered by AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions), is an
Published 20 Jul, 2017 12:00am
Senators call for across-the-board accountability

Senators call for across-the-board accountability

The lawmakers in Senate on Wednesday called for a new law for across the board accountability, including those who belong to judiciary and military and have always been reluctant to face the wrath of law. Speaking on a motion on accountability moved by so
Published 20 Jul, 2017 12:00am
Debate on JIT: Rabbani rejects minister's request to drop motion

Debate on JIT: Rabbani rejects minister's request to drop motion

Chairman Senate Raza Rabbani on Wednesday rejected a request by Law and Justice Minister Zahid Hamid to drop a motion, moved by opposition MPs, seeking a debate on Joint Investigation Team (JIT) report about Sharif family's offshore assets. The law minist
Published 20 Jul, 2017 12:00am
Plan to prepare two millions skilled labour on the anvil

Plan to prepare two millions skilled labour on the anvil

The Punjab government is moving ahead to prepare two million skilled labour through Technical Education and Vocational Training Authority (TEVTA), Punjab Vocational Training Council (PVTC) and Punjab Skill Development Fund (PSDF). Punjab Minister Industri
Published 20 Jul, 2017 12:00am
70th Independence Day: HCCI to hold industrial expo on August 11

70th Independence Day: HCCI to hold industrial expo on August 11

The Hyderabad Chamber of Commerce and Industry will organize the industrial exhibition from August 11, 2017 on the eve of the 70th Independence Day of Pakistan. Vice President HCCI Ziauddin here on Wednesday said that main objective of organizing the indu
Published 20 Jul, 2017 12:00am
TRE Certificate of SZ Securities forfeited by PSX
Exchange

TRE Certificate of SZ Securities forfeited by PSX

The TRE Certificate of M/s S Z Securities (Private) Limited has been forfeited by Pakistan Stock Exchange Limited (PSX) on July 18, 2017 due to their repeated failure to resolve all outstanding investors' complaints. It may be noted that the forfeiture of
Published 20 Jul, 2017 12:00am
FPCCI wants EDB restored

FPCCI wants EDB restored

The Federation of the Pakistan Chambers of Commerce and Industry (FPCCI) has decided to take up the matter of abolition of the Engineering Development Board (EDB) with the president, the prime minister and the finance minister in the coming week to get th
Published 20 Jul, 2017 12:00am
Driving license issuance: NAB starts assisting Sindh traffic police

Driving license issuance: NAB starts assisting Sindh traffic police

National Accountability Bureau (NAB), Karachi has started assisting Sindh Traffic Police in order to streamline the system for driving licenses. According to details, two DIGs Traffic Imran Yaqoob Minhas, PSP and Mazhar Nawaz Shaikh, PSP visited NAB offic
Published 20 Jul, 2017 12:00am
Sindh mulling provision of IT services at zero cost

Sindh mulling provision of IT services at zero cost

Special Assistant to Chief Minister Sindh, Dr Sikandar Shoro has said in his statement that Sindh Government is taking keen interest to provide latest information technology to the people of Karachi at zero cost. In first phase, WiFi would be installed at
Published 20 Jul, 2017 12:00am
Market Committee for construction of roads

Market Committee for construction of roads

The Administrator Market Committee Hyderabad Shoukat Mastoi has informed that the management has set its priority for the construction of roads of old and new fruits and vegetables markets as well as grain market of Hyderabad. Addressing a reception hoste
Published 20 Jul, 2017 12:00am
Worst civic situation after rain in Karachi

Worst civic situation after rain in Karachi

Intermittent rain spells on Wednesday again inflicted a virtual collapse on the civic infrastructure across the metropolis with causing power outages and traffic congestions. Rain lashed parts of the city since it began into torrents in afternoon, as the
Published 20 Jul, 2017 12:00am
Sequential growth of PTCL revenues by 3 percent in 2017 Q2
Exchange

Sequential growth of PTCL revenues by 3 percent in 2017 Q2

PTCL announced the financial results for the first half of 2017 in its Board of Directors' meeting at Islamabad on July 19, 2017. A sequential growth of 3% was recorded in PTCL's revenue in Q2 17 over Q1 17. Revenue from PTCL's flagship Broadband service
Published 20 Jul, 2017 12:00am
PBIF for expansion in tax net for bright future of country

PBIF for expansion in tax net for bright future of country

President of Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that masses hope that government will invest in health, education, infrastructure, social safety and poverty eradication but the culture of tax evasion is barrin
Published 20 Jul, 2017 12:00am
GE, Sapphire collaborate to operate an emergency medical facility

GE, Sapphire collaborate to operate an emergency medical facility

GE Renewable Energy and Sapphire Wind Power Co Limited (SWPCL) recently joined forces for a first-of-its-kind initiative, installing an emergency medical centre within the premises of 52.8 MW Sapphire Wind Farm, Jhimpir, a village in Thatta district. Jhim
Published 20 Jul, 2017 12:00am
Seven bills deferred by NA body till next meeting

Seven bills deferred by NA body till next meeting

The National Assembly Standing Committee on Interior and Narcotics Control on Wednesday deferred seven bills to its next meeting after detailed discussion. The committee which met with MNA Naeema Kishwar Khan deferred seven bills till next meeting while r
Published 20 Jul, 2017 12:00am
98 percent children immunized in anti-polio drive in KP

98 percent children immunized in anti-polio drive in KP

Three-day special anti-polio campaign ends in the selected districts of the province with 98 percent coverage as 2.818 million children are inoculated against the target of 2.87 million. According to Emergency Operations Centre Khyber Pakhtunkhwa the camp
Published 20 Jul, 2017 12:00am
Rabbani invited to attend Rouhani's oath-taking

Rabbani invited to attend Rouhani's oath-taking

Speaker of Islamic Consultative Assembly of Iran, Ali Larijani, on Wednesday made a telephonic call to Chairman Senate Mian Raza Rabbani, and invited him to attend the oath-taking ceremony of the re-elected Iranian President Hassan Rouhani. Speaker Larija
Published 20 Jul, 2017 12:00am
CPEC develops as concept of mutual prosperity: Janjua

CPEC develops as concept of mutual prosperity: Janjua

China Pakistan Economic Corridor (CPEC) has developed as a concept of mutual prosperity and an intersection of the respective visions of Pakistan and China for development and prosperity. Foreign Secretary Tehmina Janjua said this on Wednesday while addre
Published 20 Jul, 2017 12:00am
First session: Pakistan-Iran Higher Border Commission held in Tehran

First session: Pakistan-Iran Higher Border Commission held in Tehran

Pakistan and Iran have held first session of the Pakistan-Iran Higher Border Commission in Tehran to explore ways to improve border monitoring, officials said on Wednesday. The two sides held constructive discussions for effective implementation of existi
Published 20 Jul, 2017 12:00am
FBR alerts taxpayers to fake, harmful emails

FBR alerts taxpayers to fake, harmful emails

The Federal Board of Revenue (FBR) has alerted the taxpayers to fake, harmful emails-cum-notices being sent to them regarding anomalies in their tax returns. A statement by FBR has denied any association with these emails being sent from a fake email addr
Published 20 Jul, 2017 12:00am
Seven staffers of LRH suspended over operation theater video leak

Seven staffers of LRH suspended over operation theater video leak

The management of the Lady Reading Hospital (LRH) Peshawar has suspended seven employees of the hospital for filming rainwater dripping from the ceiling of Operation Theater. According to sources, the suspended staff members were identified as Farid, Maso
Published 20 Jul, 2017 12:00am
Benches, dustbins installed in Swat tourist sites

Benches, dustbins installed in Swat tourist sites

The Tourism Corporation Khyber Pakhtunkhwa (TCKP) under the World Bank project for Economic Revitalization of Khyber Pakhtunkhwa and Fata (ERKF) has installed benches and dustbins at various tourist places in the scenic Swat valley.
Published 20 Jul, 2017 12:00am
Financial rules on universities Act under fire in KP PAC

Financial rules on universities Act under fire in KP PAC

Financial rules framed under Universities Act came under fire in the meeting of Public Accounts Committee (PAC) of Khyber Pakhtunkhwa Assembly and the members of the committee expressed concerns that universities while framing their rules used to follow t
Published 20 Jul, 2017 12:00am
Senators call for cyber crimes legislation under Article 19

Senators call for cyber crimes legislation under Article 19

The lawmakers in Senate on Wednesday called for legislation under Article 19 to ensure that Cyber Crime Act is not stifled under the pretext of national security and protecting honour of the armed forces. The opposition senators expressed concern over the
Published 20 Jul, 2017 12:00am
PPMA urges Nawaz to sign summaries sent by DPC

PPMA urges Nawaz to sign summaries sent by DPC

Pakistan Pharmaceutical Manufacturers' Association (PPMA) has urged the Prime Minister to take time out forthwith from his political engagements to sign summaries sent by the Drug Pricing Committee (DPC) last year as critically ill patients have been acut
Published 20 Jul, 2017 12:00am
Shahbaz orders forensic audit of Punjab Land Record Authority

Shahbaz orders forensic audit of Punjab Land Record Authority

Chief Minister Punjab Shahbaz Sharif has directed to hold forensic audit of the affairs of Punjab Land Record Authority after a revelation that names of 17615 persons were unverified during the wheat purchase campaign of 2017.
Published 20 Jul, 2017 12:00am
State of Pakistan's economy
Cotton

State of Pakistan's economy

To attribute the state of the economy entirely to the current political uncertainty is not correct. The fact is that it was in a fragile state, no matter what gloss one tried to put on it.

Published 20 Jul, 2017 12:00am
State of Pakistan's economy
Cotton

State of Pakistan's economy

To attribute the state of the economy entirely to the current political uncertainty is not correct. The fact is that it was in a fragile state, no matter what gloss one tried to put on it.

Published 20 Jul, 2017 12:00am
State of Pakistan''s economy
Cotton

State of Pakistan''s economy

To attribute the state of the economy entirely to the current political uncertainty is not correct. The fact is that it was in a fragile state, no matter what gloss one tried to put on it.

Published 20 Jul, 2017 12:00am
TDAP holds seminar on REX system at LCCI

TDAP holds seminar on REX system at LCCI

The Registered Exporter System (the REX System) is the system of Certificate of Origin of Goods that applies in the Generalized System of Preference (GSP) of the European Union and observance of the same is mandatory for all exporters to the European Unio
Published 20 Jul, 2017 12:00am
Quality medicines being procured for patients

Quality medicines being procured for patients

The government is procuring high quality medicines from multinational pharmaceutical companies and well reputed national pharmaceutical companies for free distribution among the patients. A spokesman of Punjab health department said that as per directions
Published 20 Jul, 2017 12:00am
CPEC to help boost country's economy: Mamnoon

CPEC to help boost country's economy: Mamnoon

President Mamnoon Hussain has called upon the government officers to serve people with dedication and commitment in line with the exemplary sense of duty, compassion and extraordinary spirit of their predecessors. While addressing the participants of 10th
Published 20 Jul, 2017 12:00am
Chinese delegation meets PU VC

Chinese delegation meets PU VC

A high level delegation of China Association of Higher Education called on Punjab University (PU) Vice Chancellor (VC) Professor Dr Zaffar Mueen Nasar on Wednesday. The delegation was comprised of Xiaomei Wang, deputy secretary general of China Associatio
Published 20 Jul, 2017 12:00am
Bangladesh's inter-bank forex rates

Bangladesh's inter-bank forex rates

Inter-bank buy/sell rates for the taka against the dollar on Wednesday. 80.64-80.64 (previous 80.64-80.64).
Published 20 Jul, 2017 12:00am
Turkey PM opts for stability in light cabinet reshuffle

Turkey PM opts for stability in light cabinet reshuffle

Turkish Prime Minister Binali Yildirim on Wednesday announced a lighter-than-expected cabinet reshuffle, avoiding major changes in a bid to send a business-as-usual message a year after the failed coup. Deputy Prime Minister Mehmet Simsek, who is trusted
Published 20 Jul, 2017 12:00am
Sweden blasts Turkey for jailing activist

Sweden blasts Turkey for jailing activist

Sweden's foreign minister slammed Turkey on Wednesday for jailing a Swedish citizen along with several human rights activists, including Amnesty International's Turkey director, after a raid on a workshop in Istanbul. A Turkish court on Tuesday ordered Al
Published 20 Jul, 2017 12:00am
Berlin summons Turkish envoy over detention of activist

Berlin summons Turkish envoy over detention of activist

Berlin on Wednesday summoned Turkey's ambassador over the detention of a German human rights activist and issued a fresh warning about the Nato partner's respect for the rule of law. "The Turkish government needs to immediately and directly hear the Germa
Published 20 Jul, 2017 12:00am
Sri Lanka to probe 2011 World Cup cricket defeat

Sri Lanka to probe 2011 World Cup cricket defeat

Sri Lanka's sports minister gave his support Wednesday for an investigation into the country's controversial 2011 World Cup loss against India, amid fresh allegations of match fixing. The South Asian nation lost the World Cup decider by six wickets at Wan
Published 20 Jul, 2017 12:00am
Saim, Waji to clash in Abbottabad Squash Summer Camp final

Saim, Waji to clash in Abbottabad Squash Summer Camp final

Saim Tariq and Waji Ullah Nasim took berth into the final of the Abbottabad District Summer Camp Squash Tournament being played at Jansher Khan Squash Complex Abbottabad on Wednesday. The final will be played on Thursday with DPO Abbottabad Kamal Anwar wi
Published 20 Jul, 2017 12:00am
Arshad Memorial Badminton to start next week

Arshad Memorial Badminton to start next week

Arshad Memorial Badminton will start in a week time at City Sports Complex Indoor Hall, District Abbottabad under the aegis of Abbottabad District Badminton Association. Talking to media Commandant Elite Force Ijaz Ahmad Goga said that all arrangements in
Published 20 Jul, 2017 12:00am
Forster pens new Saints deal

Forster pens new Saints deal

England international goalkeeper Fraser Forster has signed a new five-year deal with Southampton, the Premier League club confirmed Wednesday. The 29-year-old had agreed a contract last summer until 2021, but the former Celtic stopper has now extended tha
Published 20 Jul, 2017 12:00am
Kohli seeks smooth relations with Shastri

Kohli seeks smooth relations with Shastri

India captain Virat Kohli said Wednesday he wants a good working relationship with new coach Ravi Shastri after the acrimonious departure of Anil Kumble. And the skipper expressed confidence he can make it work with Shastri. "We know what's expected and w
Published 20 Jul, 2017 12:00am
Former ski-jumper Roglic wins stage, Froome extends Tour lead

Former ski-jumper Roglic wins stage, Froome extends Tour lead

Former champion ski-jumper Primoz Roglic took a sensational solo victory on the mountainous 183km 17th stage of the Tour de France on Wednesday. Chris Froome came home third to stretch his overall lead to 27 seconds as Rigoberto Uran moved up to second an
Published 20 Jul, 2017 12:00am
Chairman Hashoo Group hosts reception in honour of cricket team

Chairman Hashoo Group hosts reception in honour of cricket team

Chairman Hashoo Group Sadruddin Hashwani and Deputy Chairman Murtaza Hashwani hosted a reception in honour of the Pakistan cricket team, which won the 2017's ICC Champions Trophy. The event was held here at a local hotel on Wednesday. The event was attend
Published 20 Jul, 2017 12:00am
England seamer Wood fit for third Test

England seamer Wood fit for third Test

England fast bowler Mark Wood has been passed fit for next week's Third Test against South Africa at The Oval after scans revealed no serious injury on his left heel. Wood has been blighted by injuries throughout his career, with ankle problems keeping hi
Published 20 Jul, 2017 12:00am
Conte signs improved Chelsea deal

Conte signs improved Chelsea deal

Chelsea manager Antonio Conte signed a new two-year deal with the Premier League giants on Wednesday as the club moved to quell reports of a rift with the Italian. The deal was confirmed as Conte, who guided Chelsea to the title in his first season last y
Published 20 Jul, 2017 12:00am
Scandal threatens FINA on eve of world championships
Exchange

Scandal threatens FINA on eve of world championships

Swimming's governing body FINA has been drawn into a financial scandal days before both their presidential elections and the start of the swimming world championships in Budapest. Kuwait's Husain Al Musallam, who is standing unopposed as FINA's first vice
Published 20 Jul, 2017 12:00am
Bracewell quits Ireland coaching job

Bracewell quits Ireland coaching job

Ireland's cricket head coach John Bracewell says he wants a "new goal and challenge" when he leaves his post after two-and-a-half years in December. The former New Zealand head coach had a series of meetings with Cricket Ireland officials this week, and a
Published 20 Jul, 2017 12:00am
Solanke shines as Liverpool beat Palace in Hong Kong

Solanke shines as Liverpool beat Palace in Hong Kong

New signing Dominic Solanke came off the bench to score as Liverpool beat Crystal Palace 2-0 in a preseason game in Hong Kong on Wednesday. The 19-year-old suggested he could prove a summer bargain at just $4 million as he linked up well with fellow strik
Published 20 Jul, 2017 12:00am