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Apr 27, 2025 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-08-03
Thomson Reuters' Q2 profit tops estimates
Exchange

Thomson Reuters' Q2 profit tops estimates

Thomson Reuters Corp on Tuesday reported higher-than-expected second-quarter earnings, helped by demand for market data, and increased its full-year forecast for margins and adjusted earnings per share. The company's shares hit an all-time high on the New
Published 03 Aug, 2017 12:00am
American car makers struggle to lure US buyers in July

American car makers struggle to lure US buyers in July

American consumers' appetite for US car brands eased significantly in July, as the industry continued to slow from last year's record-setting pace, according to sales figures released Tuesday. All three Detroit carmakers reported steep overall declines, e
Published 03 Aug, 2017 12:00am
Mitsubishi Corp Q1 net profit rises 17 percent

Mitsubishi Corp Q1 net profit rises 17 percent

Japanese commodities trading giant Mitsubishi Corp said on Wednesday its first-quarter net profit grew 17 percent as higher coking coal prices boosted earnings. Mitsubishi, the biggest of Japan's clutch of influential trading houses by assets, said net pr
Published 03 Aug, 2017 12:00am
Mitsubishi Corp Q1 net profit rises 17 percent

Mitsubishi Corp Q1 net profit rises 17 percent

Japanese commodities trading giant Mitsubishi Corp said on Wednesday its first-quarter net profit grew 17 percent as higher coking coal prices boosted earnings. Mitsubishi, the biggest of Japan's clutch of influential trading houses by assets, said net pr
Published 03 Aug, 2017 12:00am
China central bank finds 40 banks in violation of interbank rules

China central bank finds 40 banks in violation of interbank rules

China's central bank has found 40 banks in violation of interbank account regulations and have ordered them to rectify the problem within three to six months, financial magazine Caixin reported on Tuesday, citing a document. Large state-owned lenders, inc
Published 03 Aug, 2017 12:00am
Canada's WestJet Airlines smashes profit estimates

Canada's WestJet Airlines smashes profit estimates

Canada's WestJet Airlines Ltd reported a quarterly profit that handily beat Street expectations as it flew more passengers and managed costs effectively. The company, which said in April that it plans to launch an ultra-low-cost carrier (ULCC) in Canada,
Published 03 Aug, 2017 12:00am
Canada's WestJet Airlines smashes profit estimates

Canada's WestJet Airlines smashes profit estimates

Canada's WestJet Airlines Ltd reported a quarterly profit that handily beat Street expectations as it flew more passengers and managed costs effectively. The company, which said in April that it plans to launch an ultra-low-cost carrier (ULCC) in Canada,
Published 03 Aug, 2017 12:00am
Rio Tinto doubles H1 earnings, adds $1 billion share buyback

Rio Tinto doubles H1 earnings, adds $1 billion share buyback

Global miner Rio Tinto more than doubled its first-half profit and rewarded shareholders with a record interim dividend and a further $1 billion in share buybacks, citing strong demand for industrial commodities. Underlying earnings for the six months to
Published 03 Aug, 2017 12:00am
Rio Tinto doubles H1 earnings, adds $1 billion share buyback

Rio Tinto doubles H1 earnings, adds $1 billion share buyback

Global miner Rio Tinto more than doubled its first-half profit and rewarded shareholders with a record interim dividend and a further $1 billion in share buybacks, citing strong demand for industrial commodities. Underlying earnings for the six months to
Published 03 Aug, 2017 12:00am
I didn't make decisions, Samsung heir tells corruption trial

I didn't make decisions, Samsung heir tells corruption trial

The heir to the world's top smartphone maker Samsung had no role in decision-making at the wider group, he told a court Wednesday in his trial for corruption over the scandal that brought down South Korea's last president. It was the first time Lee Jae-Yo
Published 03 Aug, 2017 12:00am
Thomson Reuters' Q2 profit tops estimates
Exchange

Thomson Reuters' Q2 profit tops estimates

Thomson Reuters Corp on Tuesday reported higher-than-expected second-quarter earnings, helped by demand for market data, and increased its full-year forecast for margins and adjusted earnings per share. The company's shares hit an all-time high on the New
Published 03 Aug, 2017 12:00am
Australia axes Asian-led Gold Coast mega-casino plan

Australia axes Asian-led Gold Coast mega-casino plan

A Chinese-Australian investment consortium's plans to build a multi-billion-dollar mega-casino on the Gold Coast were canned by the state government Tuesday, following an outcry from locals over the size of the complex. The ASF Consortium, comprising a Sy
Published 03 Aug, 2017 12:00am
France's PSA completes Opel, Vauxhall takeover

France's PSA completes Opel, Vauxhall takeover

French automaker PSA said Tuesday it had completed, ahead of schedule, the takeover of rival brands Opel and Vauxhall which makes the group Europe's second-biggest carmaker after Volkswagen. PSA - which owns the Peugeot, Citroen and DS brands - agreed in
Published 03 Aug, 2017 12:00am
MUFG Q1 profit surges on sales of equity holdings, lower bad loan costs

MUFG Q1 profit surges on sales of equity holdings, lower bad loan costs

Mitsubishi UFJ Financial Group (MUFG), Japan's biggest lender, reported a 53 percent rise in quarterly profit on gains from sales of its equity holdings and smaller bad loan costs, even as its lending business weakened. In doing so, it joined the country'
Published 03 Aug, 2017 12:00am
MUFG Q1 profit surges on sales of equity holdings, lower bad loan costs

MUFG Q1 profit surges on sales of equity holdings, lower bad loan costs

Mitsubishi UFJ Financial Group (MUFG), Japan's biggest lender, reported a 53 percent rise in quarterly profit on gains from sales of its equity holdings and smaller bad loan costs, even as its lending business weakened. In doing so, it joined the country'
Published 03 Aug, 2017 12:00am
Asian naphtha crack rises over three-month high

Asian naphtha crack rises over three-month high

Asia's naphtha crack rose for the fifth straight session on Tuesday to reach slightly over a three-month high of $80.05 a tonne while gasoline crack was at seventh-session high of $11.49 a barrel supported by a refinery outage in the Netherlands. Most of
Published 03 Aug, 2017 12:00am
US Plains HRW wheat bids flat

US Plains HRW wheat bids flat

Spot basis bids for hard red winter (HRW) wheat in the southern US Plains were unchanged on Tuesday, with US Gulf bids weaker as harvesting draws closer to completion, grain merchants said. Monday afternoon's weekly US Department of Agriculture weekly cro
Published 03 Aug, 2017 12:00am
New Zealand job growth falls in Q2

New Zealand job growth falls in Q2

Job creation in New Zealand unexpectedly slipped in the second quarter and wage growth loitered, official data showed on Wednesday, adding weight to the prospect of the central bank keeping rates on hold at record lows for years. The job creation rate fel
Published 03 Aug, 2017 12:00am
Libya settlement cuts into Societe Generale profit
Exchange

Libya settlement cuts into Societe Generale profit

French bank Societe Generale on Wednesday said its net profit tumbled by over a quarter in the second quarter of this year due to the cost of settling a lawsuit with Libya's sovereign wealth fund. While it had already set aside some funds, Societe General
Published 03 Aug, 2017 12:00am
Libya settlement cuts into Societe Generale profit
Exchange

Libya settlement cuts into Societe Generale profit

French bank Societe Generale on Wednesday said its net profit tumbled by over a quarter in the second quarter of this year due to the cost of settling a lawsuit with Libya's sovereign wealth fund. While it had already set aside some funds, Societe General
Published 03 Aug, 2017 12:00am
StanChart shares slide on lack of dividend, revenue recovery

StanChart shares slide on lack of dividend, revenue recovery

Standard Chartered reported a 93 percent rise in half-year underlying pretax profit to $1.8 billion, but the bank's shares fell as it failed to resume dividends, highlighting the scale of the challenge it faces to increase revenues. The profits jumped par
Published 03 Aug, 2017 12:00am
StanChart shares slide on lack of dividend, revenue recovery

StanChart shares slide on lack of dividend, revenue recovery

Standard Chartered reported a 93 percent rise in half-year underlying pretax profit to $1.8 billion, but the bank's shares fell as it failed to resume dividends, highlighting the scale of the challenge it faces to increase revenues. The profits jumped par
Published 03 Aug, 2017 12:00am
Lufthansa profits soar in Q2

Lufthansa profits soar in Q2

German airline group Lufthansa reported zooming profits in the second quarter Wednesday, as increased passenger demand and lower fuel costs lent tailwinds to its business. Net profit between April and June stood at 740 million euros ($875 million), up 69.
Published 03 Aug, 2017 12:00am
Lufthansa profits soar in Q2

Lufthansa profits soar in Q2

German airline group Lufthansa reported zooming profits in the second quarter Wednesday, as increased passenger demand and lower fuel costs lent tailwinds to its business. Net profit between April and June stood at 740 million euros ($875 million), up 69.
Published 03 Aug, 2017 12:00am
BAE beats first-half earnings forecasts

BAE beats first-half earnings forecasts

BAE Systems reported a better-than-expected 11 percent rise in first-half earnings of 945 million pounds ($1.25 billion) on Wednesday, and said it was sticking to its full-year target despite a softening in demand in cyber & intelligence.
Published 03 Aug, 2017 12:00am
BAE beats first-half earnings forecasts

BAE beats first-half earnings forecasts

BAE Systems reported a better-than-expected 11 percent rise in first-half earnings of 945 million pounds ($1.25 billion) on Wednesday, and said it was sticking to its full-year target despite a softening in demand in cyber & intelligence.
Published 03 Aug, 2017 12:00am
Oman takes $3.55 billion China loan to cover budget deficit

Oman takes $3.55 billion China loan to cover budget deficit

Oman on Wednesday announced it has taken out a $3.55-billion loan from Chinese banks to cover its budget deficit for the current fiscal year. The sultanate had originally planned to raise $2 billion on the Chinese market but raised the amount because of s
Published 03 Aug, 2017 12:00am
Commerzbank slips to Q2 loss

Commerzbank slips to Q2 loss

Germany's Commerzbank swung to a net loss in the second quarter due to weak markets and job-related restructuring charges but said it expected a small net profit for the full year. The 637 million-euro ($754.34 million) net loss was bigger than the 584 mi
Published 03 Aug, 2017 12:00am
Commerzbank slips to Q2 loss

Commerzbank slips to Q2 loss

Germany's Commerzbank swung to a net loss in the second quarter due to weak markets and job-related restructuring charges but said it expected a small net profit for the full year. The 637 million-euro ($754.34 million) net loss was bigger than the 584 mi
Published 03 Aug, 2017 12:00am
Apple beats profit Estimates

Apple beats profit Estimates

Apple on Tuesday reported stronger-than-expected results for the past quarter, with higher revenues and profits, delivering a boost to its share price. Profit climbed 12 percent to $8.7 billion, and revenue rose seven percent to $45.4 billion, with the Ca
Published 03 Aug, 2017 12:00am
Apple beats profit Estimates

Apple beats profit Estimates

Apple on Tuesday reported stronger-than-expected results for the past quarter, with higher revenues and profits, delivering a boost to its share price. Profit climbed 12 percent to $8.7 billion, and revenue rose seven percent to $45.4 billion, with the Ca
Published 03 Aug, 2017 12:00am
Mazda Q1 profit drops

Mazda Q1 profit drops

Japan's Mazda Motor Corp on Wednesday posted a 24 percent drop in its first-quarter profit, hurt by a slump in sedan sales in the United States where consumers continue to opt for SUVs and other larger models. Operating profit at Japan's sixth-largest aut
Published 03 Aug, 2017 12:00am
Mazda Q1 profit drops

Mazda Q1 profit drops

Japan's Mazda Motor Corp on Wednesday posted a 24 percent drop in its first-quarter profit, hurt by a slump in sedan sales in the United States where consumers continue to opt for SUVs and other larger models. Operating profit at Japan's sixth-largest aut
Published 03 Aug, 2017 12:00am
Measures taken to handle flood situation in Punjab

Measures taken to handle flood situation in Punjab

As all the major rivers have attained the stage of medium to low flood level, the Punjab government has taken all possible measures to deal with any eventuality. Provincial Minister for Planning and Development Malik Nadeem Kamran chaired the 13th meeting
Published 03 Aug, 2017 12:00am
A good beginning!

A good beginning!

The Supreme Court of Pakistan has done it! The high and might of the land are being held to account. Few had believed former prime minister Nawaz Sharif could be disqualified for hiding assets, and the National Accountability Bureau directed to quickly mo
Published 03 Aug, 2017 12:00am
THE RUPEE: modest recovery

THE RUPEE: modest recovery

Slight improvement was seen in the value of the rupee against the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee stayed put in terms of the dollar for buying and selling at Rs 105.39 and Rs 105.40, they said.
Published 03 Aug, 2017 12:00am
Kenya may be growing but 'you can't eat GDP'

Kenya may be growing but 'you can't eat GDP'

The timing was perfect. Two months before Kenya's August 8 vote, President Uhuru Kenyatta inaugurated the nation's biggest infrastructure project: a railway connecting the capital Nairobi and the port of Mombasa. With pomp and ceremony Kenyatta touted the
Published 03 Aug, 2017 12:00am
'Game of thrones'

'Game of thrones'

This is apropos a Business Recorder editorial "Game of thrones" carried by the newspaper on Tuesday. It has argued, inter alia, that "the verdict implies that the mountain of charges of Nawaz Sharif and his family living beyond their known sources
Published 03 Aug, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 03 Aug, 2017 12:00am
KMU accords priority to research & training: VC

KMU accords priority to research & training: VC

Vice Chancellor, Khyber Medical University (KMU) Peshawar, Professor Dr Arshad Javaid has said that the promotion of research and training as well as development of linkages with tertiary care hospitals of the province will be his top most priority. He wa
Published 03 Aug, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

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

Published 03 Aug, 2017 12:00am
NHA to hold training course for KPT staff

NHA to hold training course for KPT staff

In order to promote Public Private Partnership (PPP) in the country, National Highways Authority (NHA) has arranged 3-day training course for core staff of Karachi Port Trust (KPT) helping them structure their forthcoming projects under PPP modality, says
Published 03 Aug, 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 (August 02, 2017).

Published 03 Aug, 2017 12:00am
Pakistan, Thailand FTA talks
Exchange

Pakistan, Thailand FTA talks

Pakistan and Thailand will hold eighth round of talks on Free Trade Agreement (FTA) in Islamabad on August 21. Both sides have already exchanged the offer lists of items for free trade. The three-day talks would discuss text of the agreement, tariff reduc
Published 03 Aug, 2017 12:00am
MoCC finalizes action plan for conservation of biodiversity

MoCC finalizes action plan for conservation of biodiversity

The Ministry of Climate Change has finalized a comprehensive National Biodiversity Strategy and Action Plan (NBSAP) for sustainable conservation of biodiversity, forestry, wildlife and aquatic resources in the country. Syed Mahmood Nasir, Inspector Genera
Published 03 Aug, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (August 02, 2017)

Published 03 Aug, 2017 12:00am
Canada to invest $100 millions in KP

Canada to invest $100 millions in KP

Canada has agreed to invest $100 million in solar power generation sector in Khyber Pakhtunkhwa (KP). Official sources told Radio Pakistan that 1,000 megawatts electricity will be produced by a Canadian firm. A Memorandum of Understanding (MoU) between th
Published 03 Aug, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

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

Published 03 Aug, 2017 12:00am
Gulalai's allegations ECP moved for Imran's disqualification

Gulalai's allegations ECP moved for Imran's disqualification

A day after the resignation of Ayesha Gulalai, who had been an MNA of the PTI, a lawyer filed a petition before the Election Commission, calling for the disqualification of Tehreek-e-Insaf chairman Imran Khan for his alleged harassment of women parliament
Published 03 Aug, 2017 12:00am
Rabbani urges state institutions to march in unison

Rabbani urges state institutions to march in unison

The Senate Chairman, Raza Rabbani, has said on Wednesday that there should not be any confrontation among state institutions and that the parliament stands quite weak today. Rabbani addressed a seminar in Balochistan capital on Wednesday and in his speech
Published 03 Aug, 2017 12:00am
PTI issues show-cause notice to Gulalai

PTI issues show-cause notice to Gulalai

Pakistan Tehreek-e-Insaf (PTI) on Wednesday issued a show-cause notice to disgruntled party MNA Ayesha Gulalai for launching a "malicious campaign" against party Chairman Imran Khan, and directed to explain her position within 10 days or be ready to pay a
Published 03 Aug, 2017 12:00am
Bullion Rates

Bullion Rates

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

Published 03 Aug, 2017 12:00am
Bullion Rates

Bullion Rates

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

Published 03 Aug, 2017 12:00am
Six patients die during YDA's strike

Six patients die during YDA's strike

Despite reported deaths of six innocent patients, two in Lahore and four in Faisalabad, young doctors on Wednesday continued their strike to press the government for the acceptance of their demands. Due to the strike of young doctors, patients at main cit
Published 03 Aug, 2017 12:00am
The Weather

The Weather

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

Published 03 Aug, 2017 12:00am
PM vows to speedily complete ongoing projects

PM vows to speedily complete ongoing projects

Prime Minister Shahid Khaqan Abbasi has said that the consultations over formation of Federal Cabinet are in progress and the Cabinet members will take oath within two days. Talking to newsmen in Murree on Wednesday evening, he said portfolios of the Fede
Published 03 Aug, 2017 12:00am
Former AGP granted bail

Former AGP granted bail

Suspending the sentence of former Auditor General of Pakistan Akhtar Buland Rana on Wednesday, Additional Sessions Judge Islamabad West, Syed Faizan Haider, granted him bail against a surety bond of Rs 100,000. Earlier on August 31, a senior civil judge a
Published 03 Aug, 2017 12:00am
China felicitates PM

China felicitates PM

China on Wednesday congratulated Shahid Khaqan Abbasi on becoming Pakistan's new prime minister, in the wake of the supreme court disqualifying former Prime Minister Nawaz Sharif on corruption charges.
Published 03 Aug, 2017 12:00am
PTI to file reference against AJK PM's speech

PTI to file reference against AJK PM's speech

The Azad Kashmir branch of the Tehrik-e-Insaaf is filing a reference against the prime minister of the territory in its Legislative Assembly for his recent statement regarding Kashmir's allegiance to Pakistan, its president announced on Wednesday. Sultan
Published 03 Aug, 2017 12:00am
LHC witnesses ugly scene as lawyers storm courtroom

LHC witnesses ugly scene as lawyers storm courtroom

The Lahore High Court on Wednesday witnessed ugly scenes as a group of lawyers stormed the courtroom of Chief Justice Syed Mansoor Ali Shah, made the situation hostile for judges to hold contempt proceedings against the Multan High Court Bar president and
Published 03 Aug, 2017 12:00am
Khurshid demands probe into Gulalai's accusations

Khurshid demands probe into Gulalai's accusations

Leader of opposition Syed Khurshid Shah on Wednesday demanded investigation into the allegations of harassment levelled at Pakistan Tehreek-e-Insaf chairman Imran Khan and other leaders by MNA Ayesha Gulalai. In a statement, Shah expressed shock over the
Published 03 Aug, 2017 12:00am
Fawad accuses: Gulalai of taking Rs 50 millions from PML-N

Fawad accuses: Gulalai of taking Rs 50 millions from PML-N

Pakistan Tehreek-e-Insaf (PTI) Spokesperson, Fawad Chaudhry, on Wednesday accused former party member Ayesha Gulalai for taking Rs. 50 million from ruling Pakistan Muslim League-Nawaz (PML-N) in order to campaign against PTI chief Imran Khan. Talking to m
Published 03 Aug, 2017 12:00am
Young students visit Pakistan Embassy

Young students visit Pakistan Embassy

Around 21 school children, organized by Home and Abroad News Press and 25 children from Foreign Link Academy visited Embassy of Pakistan on Wednesday. Wei Yan, President Home and Abroad News Press, thanked the Ambassador and expressed hope that the young
Published 03 Aug, 2017 12:00am
Gulalai parted ways with PTI after meeting Muqam, claims sources

Gulalai parted ways with PTI after meeting Muqam, claims sources

New revelations regarding Member of National Assembly (MNA) Ayesha Gulalai have surfaced on Wednesday according to which the female politician was angry after Pakistan Tehreek-e-Insaf (PTI) Chief Imran Khan asked her about details of fundraising campaign
Published 03 Aug, 2017 12:00am
Pakistan launches Annual Status of Education Report

Pakistan launches Annual Status of Education Report

The Annual Status of Education Report (ASER) Pakistan was launched in Islamabad Wednesday. Head of UK's Department for International Development (DFID) Joanna Reid was one of the lead panelists. UK strongly supports ASER as the only citizen-led independen
Published 03 Aug, 2017 12:00am
'Literally the last mile' to polio's extinction in Pakistan

'Literally the last mile' to polio's extinction in Pakistan

Pakistan has achieved outstanding success in eradication of polio in the country, UNICEF's outgoing country representative in Pakistan said at a farewell ceremony on Wednesday. "With full presence of community-based vaccinators and successful implementati
Published 03 Aug, 2017 12:00am
WPC stresses need to protect dignity of women MPs

WPC stresses need to protect dignity of women MPs

Women's Parliamentary Caucus (WPC) on Wednesday underscored the need to protect the dignity and integrity of women, especially the women parliamentarians who are viewed as the role models.
Published 03 Aug, 2017 12:00am
Minister visits Danish School Vehari

Minister visits Danish School Vehari

Minister for Livestock & Dairy Development Asif Saeed Manhais visited Danish School Vehari the other day. Site manager of Zealcon Engineering Ltd. Athar Jamil Pirzada along with officials from the provincial and district administration welcomed him on sit
Published 03 Aug, 2017 12:00am
Youth hurt in troops' firing succumbs to death in IoK

Youth hurt in troops' firing succumbs to death in IoK

A youth, who sustained serious bullet injuries in the firing of Indian troops on protesters in Pulwama, succumbed at a hospital in Srinagar on Wednesday. The 22-year-old, Akeel Ahmad Butt, was injured when the troops fired bullets and pellets on mourners
Published 03 Aug, 2017 12:00am
NA secretariat takes step towards solving exporters' problems

NA secretariat takes step towards solving exporters' problems

National Assembly Secretariat on Wednesday asked Federal Board of Revenue (FBR) and State Bank of Pakistan (SBP) to arrange a meeting with a senior officer of the State Bank of Pakistan (SBP) and President of Sialkot Chamber of Commerce and Industry to re
Published 03 Aug, 2017 12:00am
Six dead as rain wreaks havoc in different parts of country

Six dead as rain wreaks havoc in different parts of country

At least five people died and several others were injured in rain-related incidents, as heavy downpour lashed different parts of the country early Wednesday. Two people were killed in Bannu, Khyber Pakhtunkhwa where stormy rains lasting three hours wreake
Published 03 Aug, 2017 12:00am
SU lecturers urged to boost standard of education

SU lecturers urged to boost standard of education

A serene and graceful ceremony was held at Senate Hall of the Vice-Chancellor's Secretariat, University of Sindh to extend formal welcome to the newly-inducted lecturers of University of Sindh. The ceremony was arranged as a response to the new appointees
Published 03 Aug, 2017 12:00am
Industrial carnival to boost trade activities in Hyderabad: HCCI chief

Industrial carnival to boost trade activities in Hyderabad: HCCI chief

The President Hyderabad Chamber of Commerce and Industry (HCCI) Goharullah has while expressing confidence that fourth Industrial Carnival 2017 would boost the trade and industrial activities in Hyderabad has informed that all arrangements have been final
Published 03 Aug, 2017 12:00am
ABAD chief terms real estate business 'backbone of economy'

ABAD chief terms real estate business 'backbone of economy'

Chairman Association of Builders and Developers (ABAD) Mohsin Shaikhani on Wednesday said that the real estate business has taken the shape of backbone in Pakistan's economy and generating millions of rupees in terms of stamp duty, excise tax and other ta
Published 03 Aug, 2017 12:00am
KMBL achieves SMART certification

KMBL achieves SMART certification

Khushhali Microfinance Bank (KMBL) has achieved another laurel for their exemplary banking practices. In March 2017, MicroFinanza Rating began an independent assessment of KMBL's policies and practices with respect to globally set principles of client pro
Published 03 Aug, 2017 12:00am
NAB set up for political victimization, says Dr Asim

NAB set up for political victimization, says Dr Asim

Pakistan Peoples Party (PPP) leader and former federal minister Dr Asim Hussain has alleged that National Accountability Bureau (NAB) has been formed for political victimization. Dr Asim claimed that NAB itself closed the cases of Nawaz Sharif, and added
Published 03 Aug, 2017 12:00am
Seminar on Thar Coal held at Isra University

Seminar on Thar Coal held at Isra University

Department of Management Sciences, Isra university of Hyderabad organized one day seminar on "Thar Coal: A Potential Energy Solution of Pakistan" on 2nd August, 2017. Chief Guest of the seminar was Mr Shamsuddin Shaikh, Chief Executive Officer (CEO) of Si
Published 03 Aug, 2017 12:00am
Farmers advised to take steps ahead of rainy season
Cotton

Farmers advised to take steps ahead of rainy season

The Met Office has said that the farmers should schedule irrigation plans for crops keeping in view the rainy weather ahead. It has said that the weeds should also be removed immediately from the standing crops since they scale down yield.
Published 03 Aug, 2017 12:00am
Minister voices concern over increasing street crimes in Karachi

Minister voices concern over increasing street crimes in Karachi

Sindh Home Minister Sohail Anwar Khan Sial on Wednesday expressed his concern over the increasing street crimes in the city and reported complaints against SHOs and Police Station staff behaviour towards visiting citizens. He was presiding over a meeting
Published 03 Aug, 2017 12:00am
Young Leaders Conference concludes

Young Leaders Conference concludes

It was a day of overwhelming emotions as the six-day long Young Leaders Conference (YLC) 2017 ended on a high note on Monday. An annual affair organized by the School of Leadership (SoL), YLC is a rigorous, thought-provoking leadership program, with the a
Published 03 Aug, 2017 12:00am
PTI Women Wing asks Gulalai to seek apology from Imran

PTI Women Wing asks Gulalai to seek apology from Imran

Members of the delegation led by MNA Ayesha Gulalai that met Pakistan Tehreek-e-Insaf Chairman Imran Khan at his residence at Banigala on July 31 described the allegations leveled by the woman lawmaker as totally baseless and asked her to seek apology fro
Published 03 Aug, 2017 12:00am
Khattak approves upgradation of different facilities in three districts

Khattak approves upgradation of different facilities in three districts

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has in principle agreed to the CDIA support to the up gradation of different facilities in three districts of the province. The three districts included Peshawar, Mardan and Abbottabad where social services
Published 03 Aug, 2017 12:00am
Link roads project for NIIA in progress since April 2016: NHA

Link roads project for NIIA in progress since April 2016: NHA

The National Highways Authority (NHA) has explained that the project of link roads for New Islamabad International Airport (NIIA) has been in progress since April 2016. According to NHA officials, under this project, the NHA is constructing two linkages f
Published 03 Aug, 2017 12:00am
PPP, PML-N urge probe into Gulalai's allegations

PPP, PML-N urge probe into Gulalai's allegations

Pakistan Peoples Party (PPP) and Pakistan Muslim League-Nawaz (PML-N) want inquiry into serious allegations of misbehaviour against Chairman Pakistan Tehreek-e-Insaf Imran Khan levelled by PTI MNA Ayesha Gulalai. Talking to media persons in his chamber, L
Published 03 Aug, 2017 12:00am
CDGP to computerize its record

CDGP to computerize its record

City District Government Peshawar (CDGP) has decided the computerization of the properties of the district government to facilitate people in collecting information about the properties, strength of staff, seniorities and information through internet. The
Published 03 Aug, 2017 12:00am
Bait-ul-Maal disburses Rs 8 millions in KP

Bait-ul-Maal disburses Rs 8 millions in KP

Director Pakistan Bait Ul Maal Syed Abul Qasim Gillani has said that PBM KP has distributed Rs 8 million from its quarterly grant among the deserving people of Khyber Pakhtunkhwa. A sweet home is being established under the directives of the MD PBM Barris
Published 03 Aug, 2017 12:00am
Corruption cases must be dealt with iron hands: NAB chief

Corruption cases must be dealt with iron hands: NAB chief

Qamar Zaman Chaudhry, Chairman National Accountability Bureau (NAB) has said that corruption is curse. We must put it down with iron hands. NAB officers to double their efforts in eradication of corruption with the realization that eradication of corrupti
Published 03 Aug, 2017 12:00am
QWP mulling bringing in-house change

QWP mulling bringing in-house change

Qaumi Watan Party (QWP), the former allied party in PTI led provincial government, is mulling to bring in house change in Khyber Pakhtunkhwa Assembly, as it has established contacts with opposition parties in this regard. Replying a question during a pres
Published 03 Aug, 2017 12:00am
AlHuda CIBE, MIHE sign MoU for promotion of Islamic Banking

AlHuda CIBE, MIHE sign MoU for promotion of Islamic Banking

AlHuda Center of Islamic Banking and Economics (CIBE) has entered into a Memorandum of Understanding (MOU) with The Markfield Institute of Higher Education (MIHE), based in the United Kingdom. According to the MoU, holders of AlHuda CIBE's "Executive Dipl
Published 03 Aug, 2017 12:00am
Police, Rangers conduct joint search operation

Police, Rangers conduct joint search operation

Personnel of police and Rangers on Wednesday conducted a joint search operation in the limits of Shamas Colony police station and conducted checking of 200 persons, besides impounding two bikes. An official said that Islamabad police, rangers and other se
Published 03 Aug, 2017 12:00am
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