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Nov 13, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-08-10
Tokyo stocks tumble
Exchange

Tokyo stocks tumble

Tokyo stocks dropped Wednesday as investors pressed the sell button in response to soaring tensions between the United States and North Korea. The yen jumped against the dollar - a negative for Japanese shares - as traders looked for safe investments afte
Published 10 Aug, 2017 12:00am
Wall Street swings lower after Trump warns North Korea
Exchange

Wall Street swings lower after Trump warns North Korea

US stocks closed lower on Tuesday after a late afternoon selling spree as investors fled for safety after US President Donald Trump vowed to respond aggressively to any threats from North Korea. After scaling back from record highs earlier in the session,
Published 10 Aug, 2017 12:00am
Hong Kong shares lower

Hong Kong shares lower

Hong Kong shares closed lower, mirroring regional peers hurt by mounting tensions on the Korean peninsula, but property firms rose, encouraged by a spin-off plan by a local developer. The Hang Seng index fell 0.4 percent to 27,757.09 points, easing off mo
Published 10 Aug, 2017 12:00am
Treasury yields climb

Treasury yields climb

US Treasury yields rose on Tuesday, bolstered by strong demand for three-year notes in an overall quiet market as investors awaited the sale of more debt securities this week and the expected reduction of the Federal Reserve's balance sheet next month.
Published 10 Aug, 2017 12:00am
Treasury yields climb

Treasury yields climb

US Treasury yields rose on Tuesday, bolstered by strong demand for three-year notes in an overall quiet market as investors awaited the sale of more debt securities this week and the expected reduction of the Federal Reserve's balance sheet next month.
Published 10 Aug, 2017 12:00am
Australian, New Zealand stocks up

Australian, New Zealand stocks up

Australian shares ended higher on Wednesday, supported by gains in financials and material stocks, with upbeat profit numbers by Commonwealth Bank of Australia boosting its stock even as the bank struggled to shake off a money laundering scandal. The S&P/
Published 10 Aug, 2017 12:00am
Financials pull down China stocks

Financials pull down China stocks

Banks dragged China's stock markets lower on Wednesday amid concerns that regulators will continue to clamp down on debt risks, but strong gains in consumer staples left major indexes only slightly lower on the day. The blue-chip CSI300 was unchanged at 3
Published 10 Aug, 2017 12:00am
European shares fall on Paris incident, North Korea worries

European shares fall on Paris incident, North Korea worries

European shares fell back on Wednesday as geopolitical tensions sent all major benchmarks into negative territory, accompanied by a slight uptick in volatility in what is typically a quiet period of summer trading for the market. Risky assets were hit glo
Published 10 Aug, 2017 12:00am
Indian shares fall

Indian shares fall

Indian shares ended lower on Wednesday, their third straight session of falls, dragged down by healthcare and financial stocks amid mounting tensions between the United States and North Korea. The benchmark BSE index closed down 0.68 percent at 31,797.84,
Published 10 Aug, 2017 12:00am
Southeast Asian stocks largely down

Southeast Asian stocks largely down

Most Southeast Asian stock markets closed lower on Wednesday as mounting tensions between North Korea and the United States prompted investors to hop on to safe-haven assets. North Korea said it is considering plans for a missile strike on the US Pacific
Published 10 Aug, 2017 12:00am
FTSE down in the dumps as G4S dives, precious metals miners shine

FTSE down in the dumps as G4S dives, precious metals miners shine

Britain's top share index was shaken from its summer lull on Wednesday as geopolitical tensions hit equity markets globally, sending investors into safe-havens such as gold mining stocks, while an earnings update weighed on shares in G4S. Britain's blue c
Published 10 Aug, 2017 12:00am
Yen hits eight-week high against dollar in Asia

Yen hits eight-week high against dollar in Asia

The yen hit an eight-week high against the dollar and made broad gains against other peers on Wednesday, reacting to the latest bout of geopolitical tensions stemming from the Korean Peninsula. North Korea said on Wednesday it is "carefully examining" pla
Published 10 Aug, 2017 12:00am
Swiss franc posts biggest daily rise in 2-1/2 years in Europe

Swiss franc posts biggest daily rise in 2-1/2 years in Europe

The Swiss franc on Wednesday held near the day's highs after posting its biggest single-day rise against the euro since the central bank removed its cap on the currency in January 2015. Despite the spike, broader market volatility was broadly muted with a
Published 10 Aug, 2017 12:00am
Dollar rises in New York after upbeat US job data
Exchange

Dollar rises in New York after upbeat US job data

The dollar shook off early weakness to rise to more than a one-week high on Tuesday, after data showing US job openings surging to a record in June reinforced Friday's robust payrolls data. The dollar index, which tracks the greenback against six major ri
Published 10 Aug, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 80.70-80.70 (previous 80.70-80.70).
Published 10 Aug, 2017 12:00am
Sri Lanka rupee weakens

Sri Lanka rupee weakens

The Sri Lankan rupee ended slightly weaker on Wednesday, as late importer dollar demand surpassed the greenback selling by banks, while the market expected the local currency to appreciate due to inflows, dealers said. The spot rupee ended at 153.22/28 pe
Published 10 Aug, 2017 12:00am
Most Asian currencies stumble

Most Asian currencies stumble

Most Asian currencies stumbled on Wednesday with the Korean won destined for its biggest fall in nearly eight weeks as North Korea warned it is "carefully examining" plans for a missile strike on the US Pacific territory of Guam. The won was trading down
Published 10 Aug, 2017 12:00am
China's yuan soars

China's yuan soars

China's yuan firmed against the US dollar on Wednesday, setting it up for a third straight day of gains on the back of a stronger fixing and continued corporate dollar selling. Prior to market opening, the People's Bank of China set the yuan midpoint at 6
Published 10 Aug, 2017 12:00am
Sterling slips back below $1.30

Sterling slips back below $1.30

Sterling slipped back below $1.30 in quiet trade on Wednesday, nearing a 2-1/2-week low, as investors looked to key data due next week for clues on the health of the British economy as the country prepares to leave the European Union. The pound had been s
Published 10 Aug, 2017 12:00am
Aussie, kiwi under pressure

Aussie, kiwi under pressure

The Australian and New Zealand dollars were under pressure on Wednesday as a flare-up in tensions over North Korea sparked a shift to currencies considered safer harbours, most notably the Japanese yen. The Aussie dollar recoiled 0.5 percent on its US cou
Published 10 Aug, 2017 12:00am
Isco magic wins Super Cup for Real Madrid

Isco magic wins Super Cup for Real Madrid

A delightful goal by Isco proved the difference as Real Madrid survived a Manchester United fightback to win 2-1 and lift the UEFA Super Cup in the Macedonian capital Skopje on Tuesday. Casemiro put the reigning European champions in front on 24 minutes o
Published 10 Aug, 2017 12:00am
Makwala given thumbs-up by IAAF to run 200 metres

Makwala given thumbs-up by IAAF to run 200 metres

Botswanan star Isaac Makwala will be able to compete in the 200 metres at the world championships in London, after the IAAF decided to allow him to run a solo time-trial on Wednesday after missing Monday's heats. The International Association of Athletics
Published 10 Aug, 2017 12:00am
Federer cruises in Montreal

Federer cruises in Montreal

Roger Federer got his US Open preparations off to an imperious start at the ATP Montreal Masters on Wednesday, dismantling Canada's Peter Polansky in straight sets to advance to the third round. The Swiss star, who celebrated his 36th birthday on Tuesday,
Published 10 Aug, 2017 12:00am
Ranatunga urges ICC to probe Sri Lanka chief

Ranatunga urges ICC to probe Sri Lanka chief

Former skipper Arjuna Ranatunga has blamed Sri Lanka's string of humiliating defeats on the country's cricket chief and demanded his investigation by the International Cricket Council. In what could be the opening shots of a new bid to head Sri Lanka Cric
Published 10 Aug, 2017 12:00am
Home court no help as Bouchard falls in Toronto
Kerb

Home court no help as Bouchard falls in Toronto

Home support proved no help as Eugenie Bouchard's struggles continued Tuesday with a straight-sets loss to qualifier Donna Vekic at the WTA hardcourt tournament in Toronto. Croatia's Vekic powered to a 6-3, 6-4 victory, to the disappointment of a partisan
Published 10 Aug, 2017 12:00am
UBL ninth Independence Day Cup Open Golf Championship begins

UBL ninth Independence Day Cup Open Golf Championship begins

United Bank Limited (UBL) and the Defence Authority Country & Golf Club (DAC&GC) has announced the commencement of the UBL-9th Independence Day Cup Open Golf Championship from 10-13 August 2017 at Defence Authority Country and Golf Club, Karachi. A total
Published 10 Aug, 2017 12:00am
Wapda set to win upcoming National Games

Wapda set to win upcoming National Games

Pakistan Water and Power Development Authority (Wapda) is all set to make a record by winning the 33rd National Games, scheduled to be held in Quetta in October this year. This was briefed by the officials of Wapda Sports Board (WSB) in a meeting chaired
Published 10 Aug, 2017 12:00am
KP Azadi Cup Falak Sher Junior Squash from August 11, 2017

KP Azadi Cup Falak Sher Junior Squash from August 11, 2017

To celebrate the 70th Independence Day, the Khyber Pakhtunkhwa Azadi Cup Falak Sher Junior Squash Tournament for both boys and girls under the aegis of KP Squash Association would start from August 11, 2017 here at PAF Hashim Khan Squash Complex. This was
Published 10 Aug, 2017 12:00am
Najam Sethi elected PCB chairman

Najam Sethi elected PCB chairman

Pakistan Super League (PSL) Chairman Najam Sethi has been elected unopposed as the 30th chairman of the Pakistan Cricket Board (PCB) amid high hopes of revival of international cricket in Pakistan. He was elected in a meeting of the Board of Governors (Bo
Published 10 Aug, 2017 12:00am
Rouhani names female VPs as reformists slam all-male ministers

Rouhani names female VPs as reformists slam all-male ministers

Iranian President Hassan Rouhani appointed two female vice presidents on Wednesday but continued to take flak from reformists for nominating no women ministers. The appointments came a day after the moderate president announced his all-male list of minist
Published 10 Aug, 2017 12:00am
Two shot dead as protests erupt over disputed Kenya poll

Two shot dead as protests erupt over disputed Kenya poll

Two protesters were shot dead by police in the Kenyan capital Wednesday as unrest broke out after opposition claims of massive rigging in an election that President Uhuru Kenyatta looked certain to win. An AFP photographer saw one of the victims, a young
Published 10 Aug, 2017 12:00am
Venezuela political tensions simmer

Venezuela political tensions simmer

Political tensions in crisis-wracked Venezuela simmered Wednesday as the opposition-controlled legislature was to convene, after a rival assembly loyal to President Nicolas Maduro created a "truth commission" seen as targeting lawmakers. The establishment
Published 10 Aug, 2017 12:00am
Saga over for Spanish rescue vessel as Italy opens port

Saga over for Spanish rescue vessel as Italy opens port

A Spanish ship with three Libyan migrants onboard was finally allowed Wednesday to dock in Sicily after a diplomatic spat between Italy and Malta left it in limbo. The Golfo Azzurro, chartered by Spain's Proactiva Open Arms NGO, had rescued the migrants o
Published 10 Aug, 2017 12:00am
Palestinian Authority slashes permits for sick Gazans: WHO

Palestinian Authority slashes permits for sick Gazans: WHO

The Palestinian Authority has dramatically reduced financial support for Gazans seeking medical care outside the blockaded Gaza Strip, WHO figures showed Wednesday, as president Mahmud Abbas seeks to squeeze the Hamas-run enclave. The number of financial
Published 10 Aug, 2017 12:00am
North Korea threatens missile strike near US territory Guam: KCNA

North Korea threatens missile strike near US territory Guam: KCNA

North Korea said Wednesday that it is considering strikes near US strategic military installations in Guam with its intermediate range ballistic missiles, state news agency KCNA reported. The threat came hours after US President Donald Trump threatened Py
Published 10 Aug, 2017 12:00am
Mozilla and fact-checker engine join fight on fake news

Mozilla and fact-checker engine join fight on fake news

Mozilla, the non-profit which runs the Firefox internet browser, said Wednesday it was launching a drive against "fake news" as fact-checking software backed by eBay founder Pierre Omidyar got its first run-out in public. The US-based open source group sa
Published 10 Aug, 2017 12:00am
Thousand migrants saved after being left in Niger desert: UN

Thousand migrants saved after being left in Niger desert: UN

Rescue teams have saved a thousand African migrants abandoned by people smugglers in the Niger part of the Sahara desert in recent months, the UN's International Office of Migration (IOM) said Wednesday. "A total of 1,000 migrants have been rescued since
Published 10 Aug, 2017 12:00am
Six Red Cross workers killed in Central African Republic

Six Red Cross workers killed in Central African Republic

Six Red Cross workers were killed last week amid violent clashes in southern Central African Republic, the International Committee of the Red Cross (ICRC) said Wednesday in an updated toll. The bloodshed occurred last Thursday at a health centre in Gambo,
Published 10 Aug, 2017 12:00am
Mattis warns North Korea against risking 'destruction of its people'

Mattis warns North Korea against risking 'destruction of its people'

Defense Secretary Jim Mattis warned North Korea Wednesday that it would be "grossly" outmatched in any conflict with the US, telling Pyongyang to stop considering any action that risked "the destruction of its people". "The DPRK (Democratic People's Repub
Published 10 Aug, 2017 12:00am
Trump boasts of US nuclear arsenal in new North Korea warning

Trump boasts of US nuclear arsenal in new North Korea warning

President Donald Trump on Wednesday ratcheted up his war of words with North Korea, declaring that America's nuclear arsenal was "more powerful than ever" - even as his team insisted there was no imminent threat of danger. Hours after putting Pyongyang on
Published 10 Aug, 2017 12:00am
Cotton futures end near flat ahead of WASDE report
Cotton

Cotton futures end near flat ahead of WASDE report

ICE cotton futures ended almost flat in low volume trading on Wednesday as markets waited for the key supply and demand estimates report on Thursday. Cotton contracts for December settled down 0.02 cent, or 0.03 percent, at 71.11 cents per lb. The contrac
Published 10 Aug, 2017 12:00am
Shanghai aluminium, copper surge

Shanghai aluminium, copper surge

Shanghai aluminium and copper roared to the highest in around five years on Wednesday as investors flooded into metals on expectations of capacity cuts in coal and aluminium in China. Shanghai copper ended up 1.1 percent at 51,250 yuan a tonne, having ear
Published 10 Aug, 2017 12:00am
Capacity cut talk drives aluminium to highest since 2014
Exchange

Capacity cut talk drives aluminium to highest since 2014

Aluminium prices climbed to their highest in more than two years on Wednesday as expectations of capacity cuts in top producer China, where the government is waging a war on pollution, were reinforced by a lower dollar. Benchmark aluminium on the London M
Published 10 Aug, 2017 12:00am
Oil inches higher after data points to declining US inventories

Oil inches higher after data points to declining US inventories

Oil prices were about 1 percent higher on Wednesday after a report showed US refineries processed record amounts of crude in the latest week, eating into inventories, although a surprise jump in gasoline stockpiles limited price gains. US crude inventorie
Published 10 Aug, 2017 12:00am
Rubber rises
Exchange

Rubber rises

Benchmark Tokyo rubber futures rose nearly three percent on Wednesday to hit a two-week high as a rally in Shanghai futures prompted a flurry of buying, dealers said. The Tokyo Commodity Exchange (TOCOM) rubber contract for January delivery finished 5.6 y
Published 10 Aug, 2017 12:00am
Malaysian palm oil rises to one-week top
Exchange

Malaysian palm oil rises to one-week top

Malaysian palm oil futures rose to a one-week high on Wednesday evening, tracking stronger related edible oils, but pared some gains late in the session as the market traded cautiously ahead of the release of industry data. Cargo surveyors Intertek Testin
Published 10 Aug, 2017 12:00am
Arabica coffee nears 4-1/2-month top, raw sugar down
Exchange

Arabica coffee nears 4-1/2-month top, raw sugar down

Arabica coffee futures on ICE hovered below a 4-1/2-month high on Wednesday, taking a breather as prices reached technically overbought levels after supply concerns from top grower Brazil helped lift prices more than 25 percent. Raw sugar futures fell for
Published 10 Aug, 2017 12:00am
Gold falls in New York
Exchange

Gold falls in New York

Gold fell to a two-week low on Tuesday after US jobs data came in better than expected and the dollar turned positive, while investors awaited US inflation figures later this week for further clues about the pace of interest rate rises. Spot gold was down
Published 10 Aug, 2017 12:00am
Gold rises in Asia

Gold rises in Asia

Gold prices rose early Wednesday amid rising tensions between the United States and North Korea after the North responded to warnings from US President Donald Trump with a threat to strike the US territory of Guam. "We've had some competing forces play ou
Published 10 Aug, 2017 12:00am
Gold climbs in Europe

Gold climbs in Europe

Gold hit a near two-month peak on Wednesday, after North Korea said it is considering an attack on the US Pacific territory of Guam and US president Donald Trump boasted of the strength of the American nuclear arsenal. The tensions rattled global markets,
Published 10 Aug, 2017 12:00am
US MIDDAY: corn, wheat and soya up
Exchange

US MIDDAY: corn, wheat and soya up

US wheat, corn and soyabean futures were modestly higher on Wednesday as traders awaited key supply/demand reports due from the US Department of Agriculture on Thursday. The reports will include the USDA's first assessments of the 2017 US corn and soyabea
Published 10 Aug, 2017 12:00am
US MIDDAY: gold at near-two-month peak

US MIDDAY: gold at near-two-month peak

Gold rose to the highest in nearly two months on Wednesday, after North Korea said it is considering an attack on the US Pacific territory of Guam and US President Donald Trump boasted of the strength of the American nuclear arsenal. Bullion was on track
Published 10 Aug, 2017 12:00am
PM briefed on energy sector's issues

PM briefed on energy sector's issues

Prime Minister Shahid Khaqan Abbasi chaired a meeting on issues of energy sector at PM Office on Wednesday. The meeting was attended by Minister for Finance Ishaq Dar, Minister of State for Petroleum Jam Kamal Khan and senior officials. Secretary Power Di
Published 10 Aug, 2017 12:00am
UK looks forward to working with PM: May

UK looks forward to working with PM: May

British Prime Minister Theresa May has said that the United Kingdom looks forward to working with newly elected Prime Minister Shahid Khaqan Abbasi "to build a secure, stable and prosperous Pakistan." May, in a letter to the premier, congratulated him on
Published 10 Aug, 2017 12:00am
Attock Cement Pakistan Limited (ACPL)
Exchange

Attock Cement Pakistan Limited (ACPL)

Background Attock Cement was established in 1981 as a result of a joint venture with an initial capital outlay of Rs 1.5 billion including a foreign exchange component of $45 million. The company started commercial production in 1988 with a plant c
Published 10 Aug, 2017 12:00am
Attock Cement Pakistan Limited (ACPL)
Exchange

Attock Cement Pakistan Limited (ACPL)

Background Attock Cement was established in 1981 as a result of a joint venture with an initial capital outlay of Rs 1.5 billion including a foreign exchange component of $45 million. The company started commercial production in 1988 with a plant c
Published 10 Aug, 2017 12:00am
PCMA seeks joint ventures with Chinese firms

PCMA seeks joint ventures with Chinese firms

Pakistan Chemical Manufacturers Association (PCMA) has stressed the need for setting up joint ventures with the Chinese counterparts to make the local chemical sector a self-reliant industry. In this regard, the Association's Secretary General Iqbal Kidwa
Published 10 Aug, 2017 12:00am
Fertilizer dealers voice concern over NTN's 'restrictive' clause

Fertilizer dealers voice concern over NTN's 'restrictive' clause

Welcoming the issuance of fertilizer subsidy notification by the federal government, the fertilizer industry has expressed its reservation over a clause where the government asks for National Tax Number (NTN) of every fertilizer dealer. This clause is cer
Published 10 Aug, 2017 12:00am
British delegation calls on Bilawal

British delegation calls on Bilawal

A British Parliamentary delegation called on Chairman Pakistan Peoples Party Bilawal Bhutto Zardari at Zardari House Islamabad on Wednesday. The delegation was comprised of Andrew Gwynne MP, Asim Rashid Raja and Najabat Hussain. Relations between Pakistan
Published 10 Aug, 2017 12:00am
Ready to contest NA-120 by-poll, says Kulsoom

Ready to contest NA-120 by-poll, says Kulsoom

Former first lady, Begum Kulsoom Nawaz has said that she is ready to take part in by-election of NA-120 if she is nominated as candidate for the constituency. According to Urdu language national daily the wife of former prime minister Nawaz Sharif, said t
Published 10 Aug, 2017 12:00am
Minister sacrifices animals as 'sadqa' for Nawaz Sharif

Minister sacrifices animals as 'sadqa' for Nawaz Sharif

Punjab Minister for Excise, Information and Culture Mian Mujtaba Shuja-ur-Rehman on Wednesday sacrificed animals as "sadqa" for Nawaz Sharif. In a gathering at his residence, Mujtaba also prayed for the security of participants of PML-N rally which starte
Published 10 Aug, 2017 12:00am
Newly-inducted doctors resume duties as YDA strike continues

Newly-inducted doctors resume duties as YDA strike continues

The young doctors continued their strike for the 9th consecutive day on Wednesday, creating hardships for patients as well as their attendants. The OPDs of various public sector hospitals are shut across the province despite claims of the government of ma
Published 10 Aug, 2017 12:00am
PG candidates' list for teaching hospitals issued

PG candidates' list for teaching hospitals issued

Postgraduate Induction Committee has issued waiting list of PG ship candidates of all the teaching hospitals in 487 different programmes. The committee has issued the list according to the district headquarter hospitals and specialty wise. Candidates can
Published 10 Aug, 2017 12:00am
Korean firms keen to have joint ventures: Sye Kyun

Korean firms keen to have joint ventures: Sye Kyun

Pakistan's economic growth has impressed the Korean companies who are eager to establish and develop their business operations here in collaboration with their Pakistani counterparts. Speaker of the South Korean National Assembly Chung Sye Kyun expressed
Published 10 Aug, 2017 12:00am
FAU acting VC restrained from working

FAU acting VC restrained from working

The Lahore High Court on Wednesday restrained acting Vice Chancellor Faisalabad Agriculture University Professor Dr Iqrar Ahmad Khan from functioning and directed its Pro-Vice Chancellor Professor Dr Zafar Iqbal to look after the varsity's affairs. Profes
Published 10 Aug, 2017 12:00am
PBC takes notice of lawyers' hooliganism

PBC takes notice of lawyers' hooliganism

The Pakistan Bar Council on Wednesday took serious notice of lawyers' hooliganism outside the courtroom of Lahore High Court Chief Justice Syed Mansoor Ali Shah over incident of misbehaving with a judge in Multan. PBC vice-chairman Ahsan Bhoon also direct
Published 10 Aug, 2017 12:00am
Peaceful, developed & prosperous Pakistan is our mission: Shahbaz

Peaceful, developed & prosperous Pakistan is our mission: Shahbaz

Punjab Chief Minister Muhammad Shehbaz Sharif said on Wednesday that peaceful, developed and prosperous Pakistan is our mission. "There is no room for political jugglers in Pakistani politics while claimants of new Pakistan have defaced the country. Decei
Published 10 Aug, 2017 12:00am
Railways seek foolproof security for Azadi Train

Railways seek foolproof security for Azadi Train

Pakistan Railways has sought help from Pakistan Rangers, FC, Police and Punjab police to ensure foolproof security of "Azadi Train" starting from august 14. Police Commandos will be deployed and SP level officers will also be deputed in the trains.
Published 10 Aug, 2017 12:00am
ACCA signs MoU with Telenor to promote shared services

ACCA signs MoU with Telenor to promote shared services

The benefits of stand-alone shared services and outsourcing are well understood and proven. They typically include cost reduction, enhanced efficiency, improved control, better quality and service levels, and a greater focus on the core business.
Published 10 Aug, 2017 12:00am
Nawaz accused of playing 'key role' in toppling three PMs

Nawaz accused of playing 'key role' in toppling three PMs

Opposition leader in Senate Aitzaz Ahsan on Wednesday accused former Prime Minister Nawaz Sharif of playing a 'key role' in toppling three democratically elected prime ministers in connivance with 'military establishment and judiciary. Taking part in the
Published 10 Aug, 2017 12:00am
Veterinary teams at cattle market

Veterinary teams at cattle market

The Sindh government's Livestock and Animal Husbandry Department has assigned veterinary teams to examine sacrificial animals at Sohrab Goth, Asia's largest cattle market. The teams will work round the clock to facilitate traders and to ensure that the an
Published 10 Aug, 2017 12:00am
Repairing of embankments under way: Murad

Repairing of embankments under way: Murad

Chief Minister Syed Murad Ali Shah said on Wednesday that repair and maintenance work on embankments (bunds), particularly the more vulnerable points, is going in full swing. Presiding over a meeting at the Chief Minister's House, he said that he had held
Published 10 Aug, 2017 12:00am
Fulfillment of defence requirements top priority: Dar

Fulfillment of defence requirements top priority: Dar

Finance Minister, Senator Mohammad Ishaq Dar on Wednesday said that fulfilling defence requirements was the top priority of the PML-N Government. The Finance Minister was talking to Chief of the Air Staff, Air Chief Marshal Sohail Aman who called on him h
Published 10 Aug, 2017 12:00am
PAD to hold rice yield competition

PAD to hold rice yield competition

Punjab Agriculture department (PAD) is finalizing necessary arrangements for holding "Rice Yield Competition 2017-18" in Punjab. Sources in agriculture department told Business Recorder on Wednesday that agriculture implements worth hundreds of tho
Published 10 Aug, 2017 12:00am
EFU Life 'Meri Shaan Mera Pakistan' inaugurated

EFU Life 'Meri Shaan Mera Pakistan' inaugurated

EFU Life, the leading life insurance provider in Pakistan is committed to serving the people of Pakistan and believes in giving back to the society through its various CSR initiatives. 'Meri Shaan Mera Pakistan' is a CSR initiative by EFU Life in collabor
Published 10 Aug, 2017 12:00am
PAC body declares Thalian joint venture Housing Project 'impractical'

PAC body declares Thalian joint venture Housing Project 'impractical'

A special committee of Public Accounts Committee (PAC) while rejecting explanation of Federal Government Employees Housing Foundation (FGEHF) on Thalian Joint Venture Housing Project has declared the project as impractical because the entire process was c
Published 10 Aug, 2017 12:00am
KP Police establish Internal Accountability Branch

KP Police establish Internal Accountability Branch

Inspector General of Police (IGP) Khyber Pakhtunkhwa, Salahuddin Khan under the Section 41 of Police Act 2017 has established Internal Accountability Branch and issued proper order in this connection here on Wednesday. According to a notification issued f
Published 10 Aug, 2017 12:00am
Government urged to evolve integrated media policy

Government urged to evolve integrated media policy

Speakers at a discussion arranged by the Shura-e-Hamdard have urged the government to evolve an integrated media policy framework which should focus on social responsibility. Shura-e-Hamdard of the Hamdard Foundation conducts a monthly discussion that spo
Published 10 Aug, 2017 12:00am
Safe Roads & Safe City under CPEC UET, Tsinghua University sign MoU

Safe Roads & Safe City under CPEC UET, Tsinghua University sign MoU

University of Engineering and Technology (UET) Peshawar and Institute of Public Safety Research (IPSR), Tsinghua University, Beijing China have signed a memorandum of understanding on mutually agreed projects related to public safety along the CPEC route
Published 10 Aug, 2017 12:00am
KP minister directs demolition of 300 dilapidated schools

KP minister directs demolition of 300 dilapidated schools

Provincial Minister for Elementary and Secondary Education, Khyber Pakhtunkhwa, Mohammad Atif Khan has sternly directed the department for the demolition of the buildings of 300 dilapidated schools to start reconstruction work on them with immediate effec
Published 10 Aug, 2017 12:00am
855 PGs join teaching hospitals

855 PGs join teaching hospitals

Newly selected 855 postgraduate trainee doctors have joined different teaching hospitals across the province. A total 878 PGRs were selected in the third round of online central induction policy of Specialized Healthcare & Medical Education Department in
Published 10 Aug, 2017 12:00am
Pak-Afghan JEC may be held in Kabul next month

Pak-Afghan JEC may be held in Kabul next month

Ambassador of Afghanistan Hazrat Omar Zakhilwal called on Finance Minister Ishaq Dar here on Wednesday. They discussed various issues of mutual interest, including current state of Pak-Afghan bilateral relations, especially in the context of economic coop
Published 10 Aug, 2017 12:00am
Name those hatching conspiracies, asks Kaira

Name those hatching conspiracies, asks Kaira

Pakistan Peoples Party (PPP) leader Qamar Zaman Kaira said that disqualified prime minister Nawaz Sharif should disclose the names of those who are hatching conspiracies. Addressing a press conference in Lahore, the former information minister said that S
Published 10 Aug, 2017 12:00am
Elders of Khyber Agency seek permission to constitute 'Shalgoon Force'

Elders of Khyber Agency seek permission to constitute 'Shalgoon Force'

Tribal elders of Bara tehsil of Khyber Agency have sought permission from political administration for formation of "Shalgoon Force" which will make efforts for sustainable peace and resolution of issues. "Shalgoon" is a force derived from the number twen
Published 10 Aug, 2017 12:00am
PPP slams Khattak for criticizing Bilawal

PPP slams Khattak for criticizing Bilawal

Pakistan Peoples' Party (PPP) provincial deputy secretary information Gohar Inqlabi has taken exception to the criticism of KP Chief Minister Pervez Khattak against Bilawal Bhutto Zardari and asked him to first answer the allegations of corruption against
Published 10 Aug, 2017 12:00am
PTI councillors seek vote of no-trust against Karak's Nazim

PTI councillors seek vote of no-trust against Karak's Nazim

Following the presentation of the annual budget for the year 2017-18, the crisis of district government in Karak has further intensified as Pakistan Tehreek-e-Insaf district councilors along with independent district councilor submitted vote of no confide
Published 10 Aug, 2017 12:00am
Fata's security situation improves slightly: report

Fata's security situation improves slightly: report

A slight improvement in security has been noticed during the second quarter of 2017, since violent incident have declined by 19 percent, compared to the first quarter of 2017, FATA security report revealed. In its quarterly FATA Security Report issued, th
Published 10 Aug, 2017 12:00am
Lesco fails to manage load with rise in mercury

Lesco fails to manage load with rise in mercury

The Lahore Electric Supply Company (LESCO) has failed to manage load with rise in mercury as no power supply could be made possible from four grid stations. Power supply remained suspended throughout the day. The consumers said no one from the sub-divisio
Published 10 Aug, 2017 12:00am
Amir Muqam leads PML-N rally

Amir Muqam leads PML-N rally

Pakistan Muslim League-Nawaz (PML-N) Provincial president, Amir Amir Muqam has said on Wednesday that the party workers live and die for Nawaz Sharif. According to details, the charged up workers of Pakistan Muslim League-Nawaz (PML-N) left Peshawar to ex
Published 10 Aug, 2017 12:00am
Kati chief voices concern over piling up of circular debts

Kati chief voices concern over piling up of circular debts

The president of the Korangi Association of Trade and Industry (KATI), Masood Naqi, has expressed concern over the piling up of circular debts of the power sector. Citing media reports, he said the circular debt of the power sector has once again accumula
Published 10 Aug, 2017 12:00am
Islamic banking: NBP president for clarifying misconception

Islamic banking: NBP president for clarifying misconception

Saeed Ahmad President and CEO of National Bank of Pakistan (NBP) has emphasized upon the need to clarify misconception about Islamic banking and create awareness among public. Addressing a seminar for awareness of Islamic Banking & Finance, he said that r
Published 10 Aug, 2017 12:00am
SBI, Saint Petersburg to sign mutual cooperation accord

SBI, Saint Petersburg to sign mutual cooperation accord

Sindh Board of Investment (SBI) has discussed the programme of signing an agreement on mutual cooperation between the Sindh government and government of Saint Petersburg-Russian federation. According to details, the proposed agreement was discussed betwee
Published 10 Aug, 2017 12:00am
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