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Nov 26, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-08-05
Most Southeast Asian stocks edge up

Most Southeast Asian stocks edge up

Most Southeast Asian stock markets ended higher on Friday tracking peers in Asia, with the Philippines leading the pack on bargain-hunting. MSCI's broadest index of Asia-Pacific shares outside Japan was marginally higher ahead of the US jobs report later
Published 05 Aug, 2017 12:00am
FTSE marks best week in 2017 as dollar earners, financials shine

FTSE marks best week in 2017 as dollar earners, financials shine

The UK's top share index enjoyed its best week so far in 2017 as gains among big defensive overseas earners on Friday outweighed falls for housebuilding stocks. Britain's blue chip FTSE 100 index ended the session up 0.5 percent at 7,511.71 points after a
Published 05 Aug, 2017 12:00am
Dollar struggles in Asia

Dollar struggles in Asia

The dollar struggled near a 2-1/2-year low against the euro and a seven-week trough versus the yen on Friday in the wake of weak US data, with traders awaiting the closely watched non-farm jobs report later in the session for potential relief. The dollar
Published 05 Aug, 2017 12:00am
Dollar slips against trade-weighted currencies basket in Europe

Dollar slips against trade-weighted currencies basket in Europe

The dollar fell on Friday against a trade-weighted basket of currencies and is poised for a fourth consecutive weekly loss, as investors mulled over the impact of rising political uncertainty on growth before key jobs data later in the day. The ailing gre
Published 05 Aug, 2017 12:00am
Early trade in NY: dollar index surges on US jobs data, Cohn comments

Early trade in NY: dollar index surges on US jobs data, Cohn comments

The US dollar was on course for its biggest one-day gain against a basket of major rivals so far this year after a strong US July payrolls report and comments from National Economic Council director Gary Cohn that the US administration is working on a tax
Published 05 Aug, 2017 12:00am
Dollar falls against euro, yen in New York

Dollar falls against euro, yen in New York

The dollar fell against the euro on Thursday after softer-than-expected US services sector data, then briefly fell more and hit a seven-week low against the yen after a report that a grand jury will investigate allegations of Russian meddling in the 2016
Published 05 Aug, 2017 12:00am
Yuan eases, but set for fourth winning week

Yuan eases, but set for fourth winning week

China's yuan weakened against the dollar on Friday weighed by corporate demand for the greenback, while traders awaited US jobs data later in the global session for clues on the timing of the Federal Reserve's plans for further monetary tightening. The Ch
Published 05 Aug, 2017 12:00am
Sri Lanka rupee little changed

Sri Lanka rupee little changed

The Sri Lankan rupee ended little changed on Friday, as mild importer demand for the dollar offset light greenback sales by banks in dull trade ahead of a long weekend, dealers said. Analysts said the market shrugged off Thursday's policy decision by the
Published 05 Aug, 2017 12:00am
Most Asian currencies move higher

Most Asian currencies move higher

Most emerging Asian currencies edged higher on Friday, while the peso climbed to its strongest level in over a month, as the dollar sagged in the wake of disappointing US economic data and fresh political turmoil in Washington. The dollar struggled after
Published 05 Aug, 2017 12:00am
Sterling set for biggest two-day fall in seven weeks

Sterling set for biggest two-day fall in seven weeks

Sterling fell on Friday and is poised to post its biggest two-day decline in seven weeks after a strong US July payrolls report prompted investors to cut some of their heavy bets against the dollar versus a basket of currencies. The jobs figure beat expec
Published 05 Aug, 2017 12:00am
Aussie, kiwi run into resistance

Aussie, kiwi run into resistance

The Australian and New Zealand dollars were poised to snap their three-week winning streaks on Friday as the rapid pace of recent gains and the proximity of major chart resistance encouraged a bout of profit-taking. The Aussie dollar eased back to $0.7951
Published 05 Aug, 2017 12:00am
Netherlands sink England, face Denmark in final

Netherlands sink England, face Denmark in final

Arsenal duo Vivianne Miedema and Danielle van de Donk and Millie Bright's own goal handed hosts Netherlands a 3-0 win over England in the women's Euro semi-final at Enschede on Thursday. In Sunday's final, the Netherlands will face Denmark, who beat Austr
Published 05 Aug, 2017 12:00am
Halep advances, Petkovic bounces Bouchard

Halep advances, Petkovic bounces Bouchard

World number two Simona Halep battled through extreme heat to reach the quarter-finals of the WTA Citi Open while Canada's Eugenie Bouchard was ousted Thursday by Germany's Andrea Petkovic. French Open runner-up Halep, the top-seeded woman on the Washingt
Published 05 Aug, 2017 12:00am
South Africa stop England in their tracks

South Africa stop England in their tracks

South Africa checked England's progress with two wickets in quick succession after lunch on the first day of the fourth Test at Old Trafford on Friday. England were 260 for six after winning the toss at stumps. Jonny Bairstow was 33 not out, with nightwat
Published 05 Aug, 2017 12:00am
Mata to donate one percent of wages to charity

Mata to donate one percent of wages to charity

Manchester United attacking midfielder Juan Mata vowed on Friday to donate one percent of his salary to charity and called on other professional footballers to follow suit. The Spain international, 29, has signed up to a scheme called Common Goal created
Published 05 Aug, 2017 12:00am
Khan and Joshua in Twitter infidelity row

Khan and Joshua in Twitter infidelity row

British boxers Amir Khan and Anthony Joshua became embroiled in an explosive Twitter spat on Friday after Khan appeared to accuse Joshua of having a relationship with his wife. Khan, who is currently on holiday in Dubai, said he was splitting up with his
Published 05 Aug, 2017 12:00am
Disappointment as Davis Cup reform flops

Disappointment as Davis Cup reform flops

The head of tennis's governing body expressed disappointment on Friday as a key move to revamp the Davis Cup and Fed Cup competitions failed to win approval. International Tennis Federation (ITF) president David Haggerty said he had concerns over the futu
Published 05 Aug, 2017 12:00am
Ashwin strikes dent Sri Lanka reply

Ashwin strikes dent Sri Lanka reply

Off-spinner Ravichandran Ashwin claimed two early wickets to put India on top of the second Test after the visitors posted 622-9 declared against Sri Lanka in Colombo on Friday. Ashwin got rid of openers Upul Tharanga for nought and Dimuth Karunaratne for
Published 05 Aug, 2017 12:00am
Tahir Khan wins Youm-e-Shuhada-e-Police Badminton title

Tahir Khan wins Youm-e-Shuhada-e-Police Badminton title

Tahir Khan clinched the trophy of the Youm-e-Shuhada-e-Police Badminton Championship, which concluded here at Wadood Indoor Hall, Peshawar Sports Complex on Friday. Director General Sports KP, Junaid Khan was the chief guest on this occasion. Secretary KP
Published 05 Aug, 2017 12:00am
Neymar prepares for 'bigger challenge' after PSG unveiling

Neymar prepares for 'bigger challenge' after PSG unveiling

Neymar was unveiled as a Paris Saint-Germain player on Friday following his sensational world record transfer saying he had left Barcelona not for money but a "bigger challenge" in France. The 25-year-old Brazilian superstar flew into Le Bourget airport,
Published 05 Aug, 2017 12:00am
ANC warns against dumping South Africa president

ANC warns against dumping South Africa president

South Africa's ruling ANC party warned its legislators on Friday that voting for a motion of no confidence against President Jacob Zuma next week would be a disaster for the country. "Voting in favour of this motion will be tantamount to throwing a nuclea
Published 05 Aug, 2017 12:00am
Venezuela's controversial new assembly holds first session

Venezuela's controversial new assembly holds first session

A controversial new Venezuelan assembly packed with allies of unpopular President Nicolas Maduro held its first session on Friday, deepening a rift with the opposition and in the teeth of international criticism from the US, the EU and major Latin America
Published 05 Aug, 2017 12:00am
Rwanda counts votes as Kagame eyes third-term

Rwanda counts votes as Kagame eyes third-term

Rwandan election officials tallied votes on Friday from a presidential poll expected to hand strongman Paul Kagame a massive victory and third term at the helm of the east African nation. "Kagame, Paul. Kagame, Paul," read out election officials from the
Published 05 Aug, 2017 12:00am
Duterte orders free state college education

Duterte orders free state college education

President Rodrigo Duterte has signed a law making education at all state universities free, a palace official said Friday, despite warnings from his economic advisors that the Philippines cannot afford it. Duterte, who is known for his populist leanings,
Published 05 Aug, 2017 12:00am
Senegalese singer arrested for criticising President Sall

Senegalese singer arrested for criticising President Sall

A popular Senegalese singer was arrested over "offensive" remarks widely shared online which attack President Macky Sall and the organisation of recent elections, police said Friday. Amy Colle Dieng was arrested on Thursday for "offending the head of stat
Published 05 Aug, 2017 12:00am
Plane crash at Swiss camp kills teens, pilot

Plane crash at Swiss camp kills teens, pilot

A plane crash at a Swiss summer camp on Friday killed two 14-year-old campers and the pilot, while leaving a third teenager seriously injured, police said. The flight was meant to be the highlight activity at the end of the week-long camp, where youngster
Published 05 Aug, 2017 12:00am
Germany's SPD suffers fresh blow ahead of September poll

Germany's SPD suffers fresh blow ahead of September poll

Germany's Social Democrats saw their coalition in a key state collapse Friday, compounding the party's woes as it fights an uphill battle to unseat Chancellor Angela Merkel in next month's general election. The SPD, junior partners in Merkel's right-left
Published 05 Aug, 2017 12:00am
Russia's diamond giant says nine missing after mine flooded

Russia's diamond giant says nine missing after mine flooded

Rescuers at one of Russia's largest diamond mines were searching Friday for 9 miners still unaccounted for after water leaked into an underground shaft with more than 100 workers inside. Alrosa, Russia's largest diamond producer, said in a statement that
Published 05 Aug, 2017 12:00am
Ethiopia ends state of emergency imposed after protests

Ethiopia ends state of emergency imposed after protests

Ethiopia's parliament on Friday lifted a nationwide state of emergency decreed last year after Africa's second most-populous country was rocked by months of protests. The state of emergency was allowed to expire, ending 10 months of heightened restriction
Published 05 Aug, 2017 12:00am
Bulgaria unveils 'high level' corruption court

Bulgaria unveils 'high level' corruption court

Bulgaria on Friday announced the creation of a special court to tackle high-level corruption, despite objections from campaigners who fear it could end up being used to settle political scores. Part of a package of measures in what is considered one of th
Published 05 Aug, 2017 12:00am
Foiled Australia plane plot directed by Islamic State

Foiled Australia plane plot directed by Islamic State

A senior Islamic State commander directed a group of Australian men to build a bomb destined for an Etihad Airways flight out of Sydney, with a second poisonous gas plot also in the works, police alleged Friday. The improvised explosive device was due to
Published 05 Aug, 2017 12:00am
Rockets, gunfire test new Russia-backed truce near Syria's Homs
Exchange

Rockets, gunfire test new Russia-backed truce near Syria's Homs

Warring sides exchanged rocket and gunfire north of the Syrian city of Homs overnight, hours after a Russia-backed truce took effect, a war monitor said on Friday, while heavy rocket fire also marred a similar deal east of the capital Damascus. Russia, an
Published 05 Aug, 2017 12:00am
Australia PM brushes off leaked Trump phone transcript
Exchange

Australia PM brushes off leaked Trump phone transcript

Australia's prime minister Friday sought to downplay an unflattering account of a controversial refugee swap deal which emerged in a leaked transcript of a bad-tempered phone call with US President Donald Trump. The Washington Post published the full deta
Published 05 Aug, 2017 12:00am
EU slaps new sanctions on Russia over Crimea turbines

EU slaps new sanctions on Russia over Crimea turbines

The EU expanded its Russia sanctions blacklist Friday, targeting three people including the deputy energy minister and three companies involved in diverting gas turbines sold by German firm Siemens to Russian-annexed Crimea. Under the 28-nation European U
Published 05 Aug, 2017 12:00am
Shots fired as Myanmar forces raid Rohingya village

Shots fired as Myanmar forces raid Rohingya village

Myanmar security forces fired warning shots during a day-long sweep of a Rohingya village to arrest alleged militants, Aung San Suu Kyi's office said late Friday, as violence again tremored through Rakhine State. The northwestern area has been beset by un
Published 05 Aug, 2017 12:00am
Britain lifts laptop ban on flights from Jordan

Britain lifts laptop ban on flights from Jordan

Britain on Friday lifted a ban on personal electronic devices for flights from Amman's Queen Alia International Airport to the United Kingdom, the national carrier Royal Jordanian said. "Effective August 4, 2017, Royal Jordanian passengers are allowed to
Published 05 Aug, 2017 12:00am
UN reports 251 killings in DR Congo's Kasai, 62 children among dead

UN reports 251 killings in DR Congo's Kasai, 62 children among dead

The UN on Friday detailed more than 250 "extrajudicial or targeted killings" in the Democratic Republic of Congo's Kasai region from mid-March to mid-June, counting dozens of children among the dead. The findings, based on interviews with refugees from Ka
Published 05 Aug, 2017 12:00am
DR Congo warlord handed over to Kinshasa authorities

DR Congo warlord handed over to Kinshasa authorities

A Congolese rebel warlord wanted for crimes against humanity including mass rape was handed over to the authorities in Kinshasa on Friday, a UN spokeswoman said. Ntabo Ntaberi Sheka "has been handed over to the authorities at Kinshasa," Fabienne Pompey, s
Published 05 Aug, 2017 12:00am
Two Qantas planes turn back to Australia over safety concerns

Two Qantas planes turn back to Australia over safety concerns

Two international Qantas flights suffered mid-air mechanical problems Friday and had to turn back to Sydney, with one unable to retract wing flaps and another suffering a cracked window pane, the Australian carrier said. Flight QF7 was enroute to Dallas,
Published 05 Aug, 2017 12:00am
South Korea spy agency admits attempting to rig election

South Korea spy agency admits attempting to rig election

South Korea's spy agency has admitted that it had engaged in a far-reaching attempt to manipulate voters as it sought to help conservatives win parliamentary and presidential elections. In-house investigators from the National Intelligence Service (NIS) c
Published 05 Aug, 2017 12:00am
Cotton marks highest since mid-June
Cotton

Cotton marks highest since mid-June

ICE cotton futures rose to their highest levels since mid-June on Friday, supported by strong demand for the US crop. The December cotton contract on ICE Futures settled up 0.46 cent, or 0.66 percent, at 70.62 cents per lb. It hit its highest since June 1
Published 05 Aug, 2017 12:00am
Shanghai copper rises
Exchange

Shanghai copper rises

Base metals mostly traded mixed in Asia as investors digested bearish Chinese and US economic data and awaited monthly US nonfarm payrolls data due out later on Friday. The most-traded copper contract on the Shanghai Futures Exchange closed 0.18 percent h
Published 05 Aug, 2017 12:00am
Zinc climbs as Chinese steel prices surge to new peaks
Exchange

Zinc climbs as Chinese steel prices surge to new peaks

Zinc prices clawed higher on Friday, getting a boost from another surge in Chinese steel prices and from investors who are still bullish about shortages of the metal developing. Zinc pared gains, however, and other metals were pressured into negative terr
Published 05 Aug, 2017 12:00am
Oil prices rise on strong US jobs data

Oil prices rise on strong US jobs data

Oil prices rose on Friday after a strong US jobs report bolstered hopes for growing energy demand, but crude prices declined for the week, pressured by rising Opec exports and strong US output. US employers hired more workers than expected in July and rai
Published 05 Aug, 2017 12:00am
Tokyo rubber rises
Exchange

Tokyo rubber rises

Benchmark Tokyo rubber futures hit a one-week high on Friday in line with a jump in Shanghai futures, brokers said. The Tokyo Commodity Exchange rubber contract for January delivery finished 4.9 yen higher at 206.8 yen ($1.88) per kg, ending the week with
Published 05 Aug, 2017 12:00am
Palm oil recovers
Exchange

Palm oil recovers

Malaysian palm oil futures recovered from their lowest in 1-1/2 weeks on Friday to trade slightly higher in the evening, underpinned by an improving export demand. The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exch
Published 05 Aug, 2017 12:00am
New York cocoa drops below $2,000, sugar down

New York cocoa drops below $2,000, sugar down

New York cocoa futures on ICE dropped more than 3 percent on Friday, extending losses after falling to $2,000 per tonne as market participants exited positions ahead of the weekend. Sugar consolidated lower while coffee also fell. September New York cocoa
Published 05 Aug, 2017 12:00am
Gold stabilises in New York

Gold stabilises in New York

Gold steadied on Thursday, hovering below Tuesday's seven-week high, as investors awaited US jobs data for further clues on the outlook for interest rates. Gold rallied through most of July as the dollar fell on reduced expectations for a third US rate in
Published 05 Aug, 2017 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold held steady on Friday, close to a seven-week high hit earlier this week, as the dollar eased to hover near multi-month lows ahead of monthly US nonfarm payrolls data due later and amid continuing US political uncertainty. Spot gold had risen 0.1 perc
Published 05 Aug, 2017 12:00am
Gold falls in Europe

Gold falls in Europe

Gold fell on Friday after better than expected US jobs data boosted the beleaguered dollar, clearing the way for the Federal Reserve to announce next month a plan to start shrinking its balance sheet. US employer payrolls increased by 209,000 jobs last mo
Published 05 Aug, 2017 12:00am
US MIDDAY: corn, soya up; wheat weakens

US MIDDAY: corn, soya up; wheat weakens

US corn and soyabean futures edged higher on Friday, supported by a round of bargain buying, traders said. Chicago Board of Trade soft red winter wheat futures were weaker, weighed by weak demand on the export market for US supplies.
Published 05 Aug, 2017 12:00am
US MIDDAY: gold slips

US MIDDAY: gold slips

Gold fell 1 percent on Friday after better-than-expected US jobs data boosted the beleaguered dollar and potentially cleared the way for the US Federal Reserve to raise interest rates for a third time this year. US employers hired more workers than expect
Published 05 Aug, 2017 12:00am
PPL donates Rs 6.85 million to ACELP

PPL donates Rs 6.85 million to ACELP

Pakistan Petroleum Limited (PPL) donated Rs 6.85 million to Association for Children with Emotional and Learning Problems (ACELP) for equipment of vocational training workshops and a student transport vehicle. MD and CEO of PPL Syed Wamiq Bokhari handed o
Published 05 Aug, 2017 12:00am
Elder of Jirga threatens to demolish Gulalai's house

Elder of Jirga threatens to demolish Gulalai's house

Elder of grand tribal 'jirga' from North Waziristan Agency (NWA), Malik Jalal Khan Wazir has warned that they would demolish the house of Ayesha Gulalai, if she doesn't present the proofs regarding her allegations, leveled against PTI chairman Imran Khan
Published 05 Aug, 2017 12:00am
NHA briefs PM: over Rs 58 billion saved in 64 different projects

NHA briefs PM: over Rs 58 billion saved in 64 different projects

Prime Minister Shahid Khaqan Abbasi chaired a high level meeting wherein he was briefed about various road connectivity projects undertaken by the National Highways Authority (NHA). Chairman NHA Shahid Ashraf Tarar briefed the Prime Minister. The meeting
Published 05 Aug, 2017 12:00am
Mazari calls for inquiry against Asif

Mazari calls for inquiry against Asif

Pakistan Tehreek-e-Insaf's chief whip in the National Assembly Shireen Mazari called for formation of a committee to conduct inquiry against foreign minister Khawaja Asif for making offensive remarks about her and another PTI female leader. Reacting to Pr
Published 05 Aug, 2017 12:00am
Rizvi censures nomination of SC judge to monitor cases against Sharifs

Rizvi censures nomination of SC judge to monitor cases against Sharifs

Terming constructive criticism of legal fraternity over judicial decisions as a lawyer's privilege, President Supreme Court Bar Association Rasheed A Rizvi censured recent nomination of an apex court judge to monitor proceedings against ousted Prime Minis
Published 05 Aug, 2017 12:00am
Pakistan, Bangladesh apex courts coincidentally assert powers in July

Pakistan, Bangladesh apex courts coincidentally assert powers in July

It is a coincidence that Supreme Courts of Pakistan and Bangladesh asserted their jurisdiction and powers simultaneously in the month of July 2017 striping the ruling parties of much of their unbridled authorities, corruption and stick method of governanc
Published 05 Aug, 2017 12:00am
Police Martyrs Day observed at NHMP

Police Martyrs Day observed at NHMP

The National Highways and Motorway Police (NHMP) observed 'Youm-e-Shuhada-e-Police' today to honour the sacrifices rendered by police officers in the line of duty, says a press release. Prayer ceremonies and vigils were arranged at NHMP Lines Headquarters
Published 05 Aug, 2017 12:00am
LCCI lauds new Commerce minister

LCCI lauds new Commerce minister

The Lahore Chamber of Commerce and Industry has congratulated the new Commerce Minister Pervez Malik and hoped that he would evolve a comprehensive strategy with the consultation of business community to increase the exports. LCCI President Abdul Basit, S
Published 05 Aug, 2017 12:00am
Domestic consumption of cement increases by 55 percent

Domestic consumption of cement increases by 55 percent

The cement sector celebrated the first month of current fiscal with a bang posting a cumulative growth of 45 percent in the month of July compared with corresponding month of last fiscal; with domestic consumption increasing by 55 percent and exports by 2
Published 05 Aug, 2017 12:00am
SCBA, LHCBA denounce Asma's remarks against SC's verdict

SCBA, LHCBA denounce Asma's remarks against SC's verdict

Leaders of Supreme Court Bar Association (SCBA) and Lahore High Court Bar Association (LHCBA) on Friday denounced the remarks of senior lawyer and human rights activist Asma Jahangir against Supreme Court's verdict in the Panama Papers case. Addressing a
Published 05 Aug, 2017 12:00am
Shahbaz likely to become PML-N President

Shahbaz likely to become PML-N President

The central working committee of the Pakistan Muslim League-Nawaz (PML-N) is all set to select Shehbaz Sharif as new president of the party in a meeting likely to be held next week. Party sources told Business Recorder that a ceremonious title of '
Published 05 Aug, 2017 12:00am
PCJCCI seeks details of SEZs to be set up under CPEC project

PCJCCI seeks details of SEZs to be set up under CPEC project

Pak-China Joint Chamber of Commerce and Industry (PCJCCI) on Friday stressed the need for taking representatives of all relevant organizations on board including the Pak-China-specialized chamber to decide the exact number and types of special economic zo
Published 05 Aug, 2017 12:00am
Punjab and KP: Bilawal to launch public contact drive from next week

Punjab and KP: Bilawal to launch public contact drive from next week

Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto will launch public contact campaign in Punjab and Khyber Pakhtunkhwa from next week, said party sources. According to the sources, the party chairman has decided to stay among the people of Pakistan in
Published 05 Aug, 2017 12:00am
'Police Shuhda Day' observed

'Police Shuhda Day' observed

Punjab Inspector General of Police (IGP) Arif Nawaz Khan has said that it is a matter of honour and pride for him for being the commander of a force which is heir of more than 1400 martyrs. The IGP said this while addressing a ceremony titled 'National Po
Published 05 Aug, 2017 12:00am
PITB's App OCAS: 323 colleges receive 63,139 online applications

PITB's App OCAS: 323 colleges receive 63,139 online applications

Out of 716 public colleges registered for online admission, so far 323 colleges across Punjab have received 63139 applications since the launch of admission cycle 2017 on July 27, 2017 through Punjab Information Technology Board (PITB) Online College Admi
Published 05 Aug, 2017 12:00am
PPDWP approves two projects

PPDWP approves two projects

The Punjab Provincial Development Working Party approved two development schemes with an estimated cost of Rs 1566.254 million in its eighth meeting of current fiscal year 2017-18 presided over by Chairman P&D Muhammad Jahanzeb Khan here on Friday. Secret
Published 05 Aug, 2017 12:00am
IPAD holds awareness session on Zakat, donations

IPAD holds awareness session on Zakat, donations

Business Community of Faisalabad is fully aware of its religious as well as national obligations while donating Zakat and skins of sacrificial animals and it is in this context that Faisalabad is comparatively save from the clutches of terrorists, said Mu
Published 05 Aug, 2017 12:00am
PTI accuses PML-N of running dirty campaign against Imran

PTI accuses PML-N of running dirty campaign against Imran

Pakistan Tehreek-e-Insaf (PTI) senior leader Shafqat Mahmood has accused the ruling party of running a dirty campaign against PTI chief Imran Khan through Ayesha Gulalai. Addressing a press conference here on Friday, he said the PML-N is behind Gulalai an
Published 05 Aug, 2017 12:00am
LPC holds reference

LPC holds reference

Lahore Press Club here on Friday held a reference on the demise of Senior Journalist Asif Ali Pota. A large number of journalists on the occasion applauded role of late journalist for journalism.
Published 05 Aug, 2017 12:00am
PM briefed about foreign policy

PM briefed about foreign policy

Foreign Secretary Tehmina Janjua Friday briefed the Prime Minister on Pakistan's Foreign Relations at the Prime Minister House. Minister for Foreign Affairs, Khawaja Muhammad Asif was also present. The briefing covered in detail, issues of importance in P
Published 05 Aug, 2017 12:00am
Wheat storage facility lacking

Wheat storage facility lacking

Sindh's senior minister for food, Nisar Ahmed Khuhro, has said that the Sindh government lacks the capacity of wheat storage and added that 50 percent of wheat procured lying under the open sky with the possibility of damage. He stressed the need for incr
Published 05 Aug, 2017 12:00am
Imran condemns attack on Rasheed's house

Imran condemns attack on Rasheed's house

Condemning an attack at Sheikh Rasheed's residence in Rawalpindi, PTI chairman Imran Khan said that the ruling PML-N is trying to intimidate its political opponents. "We strongly condemn attack on Sh Rasheed at Lal Haveli by PMLN hoodlums waving guns/pelt
Published 05 Aug, 2017 12:00am
'Say No To Corruption' campaign showing good results: NAB

'Say No To Corruption' campaign showing good results: NAB

National Accountability Bureau (NAB) has engaged different organizations, civil society and other segments of society to aware people about ill effects of corruption under its special campaign across the country. Chairman NAB, Qamar Zaman Chaudhry said th
Published 05 Aug, 2017 12:00am
'Balochistan faces dearth of qualified human resources'

'Balochistan faces dearth of qualified human resources'

Founder President of the Quetta Women Chamber of Commerce & Industry, and senior leader of Pakistan Tehreek Insaf (PTI) Balochistan, Fehmida Jamali said Balochistan is facing a dearth of qualified human resources in the public and private sectors, which n
Published 05 Aug, 2017 12:00am
Dar, US official discuss security situation

Dar, US official discuss security situation

Alice G Wells, US Assistant Secretary for South and Central Asia and Acting Special Representative for Afghanistan and Pakistan called on Finance Minister Senator Ishaq Dar and discussed matters of bilateral interest. Dar, who is also Chairman Parliamenta
Published 05 Aug, 2017 12:00am
Health Asia Expo from August 22

Health Asia Expo from August 22

Sindh governor Muhammad Zubair is expected to inaugurate the three-day 13th Health Asia & Pharma Asia 2017 International Exhibition and Conferences on August 22 at the Karachi Expo Centre. It will bring together more than 50,000 healthcare industry profes
Published 05 Aug, 2017 12:00am
KE's generation fleet efficiency increased 22 percent

KE's generation fleet efficiency increased 22 percent

With an investment of over Rs 130 billion since 2009, K-Electric (KE) has added 1,057 megawatts to its generation capacity including its flagship 560 MW Bin Qasim Power Plant-II commissioned in 2012. Moreover, through various measures, overall generation
Published 05 Aug, 2017 12:00am
Complaint against attack on Sheikh Rashid's home lodged

Complaint against attack on Sheikh Rashid's home lodged

Awami Muslim League (AML) chief Sheikh Rashid Ahmed's nephew on Friday informed police that a number of Pakistan Muslim League-Nawaz (PML-N) workers launched attacked on Lal Haveli. Sheikh Shafique, the nephew of Sheikh Rashid, submitted an application at
Published 05 Aug, 2017 12:00am
KP government departments directed to enforce financial discipline

KP government departments directed to enforce financial discipline

Khyber Pakhtunkhwa Assembly's Public Accounts Committee (PAC) on Friday issued stern directives to the government organizations to ensure enforcement of financial discipline for bringing transparency in their accounts. The meeting of the PAC KP Assembly h
Published 05 Aug, 2017 12:00am
Official visits abroad: ministers no more require PM's prior permission

Official visits abroad: ministers no more require PM's prior permission

Prime Minister Shahid Khaqan Abbasi Friday allowed the federal ministers to travel abroad for their official duties without seeking his prior permission. According to a PM House statement, the ministers may only inform the Prime Minister Office about the
Published 05 Aug, 2017 12:00am
LHC suspends LLB five-year course in private law colleges

LHC suspends LLB five-year course in private law colleges

A full bench of the Lahore High Court here on Friday suspended Literally Legum Baccalaureus (LLB) five years program in private law colleges and restored evening classes of LLB. The bench headed by Chief Justice Syed Mansoor Ali Shah however allowed the u
Published 05 Aug, 2017 12:00am
PM asked to announce development package for Karachi

PM asked to announce development package for Karachi

Karachi Mayor Waseem Akhtar on Friday urged the newly-elected Prime Minister Shahid Khaqan Abbasi to announce a development package for Karachi. "Karachi has always given support to entire country for the last seventy years and contributed largely to the
Published 05 Aug, 2017 12:00am
Sugar shortage likely to persist

Sugar shortage likely to persist

Traders on Friday feared about sugar shortage in the city following a suspension by the mills to the wholesale market. Chairman Karachi Wholesale Grocers Association (KWGA), Anis Majeed said the mills have stopped supplies of sugar that is feared to creat
Published 05 Aug, 2017 12:00am
Air Freight Unit: proposal to increase working hours sent to FBR

Air Freight Unit: proposal to increase working hours sent to FBR

The proposal floated by the customs agents to extend the working hours at the Air Freight Unit (AFU), Karachi, to 24/7 has been forwarded to the Federal Board of Revenue (FBR) for approval. Speaking to the Business Recorder, Chairman FPCCI Standing Commit
Published 05 Aug, 2017 12:00am
New body formed to probe into misappropriation of SU funds

New body formed to probe into misappropriation of SU funds

Registrar University of Sindh Jamshoro has issued order to re-constitute a committee to enquire the matter regarding alleged misappropriation in funds of general branch, University of Sindh by Ghulam Muhammad Bhutto, Director HR (Ex-Registrar), Ghulam Hyd
Published 05 Aug, 2017 12:00am
No conspirator can stop us from public service: Shahbaz

No conspirator can stop us from public service: Shahbaz

Punjab Chief Minister Shahbaz Sharif said on Friday that elements incurring losses to the "development journey" will not even be able to show their faces to the people. "We are committed to serve the public and no conspirator can stop us from public servi
Published 05 Aug, 2017 12:00am
Polio virus found in sewage samples in Karachi

Polio virus found in sewage samples in Karachi

Sewage samples taken from three areas of Karachi have tested positive for the polio virus on Friday. The samples collected were taken from Khameeso Goth, Gadap Town, Machar Colony and Sohrab Goth. A six-day polio campaign has been initiated by Sindh emerg
Published 05 Aug, 2017 12:00am
Engro Fertilizers Limited records Rs 2,445.715 millions PAT

Engro Fertilizers Limited records Rs 2,445.715 millions PAT

The profit after tax of Engro Fertilizers Limited has increased to Rs 2,445.715 million in the quarter ended June 30, 2017 as compared to Rs 672.537 million earned in the corresponding period in 2016. The company's earning per share (basic) surged to Rs 1
Published 05 Aug, 2017 12:00am
Engro Fertilizers Limited records Rs 2,445.715 millions PAT

Engro Fertilizers Limited records Rs 2,445.715 millions PAT

The profit after tax of Engro Fertilizers Limited has increased to Rs 2,445.715 million in the quarter ended June 30, 2017 as compared to Rs 672.537 million earned in the corresponding period in 2016. The company's earning per share (basic) surged to Rs 1
Published 05 Aug, 2017 12:00am
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