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Nov 27, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-08-23
BHP returns to profit

BHP returns to profit

BHP reported a return to profit Tuesday as strong commodity prices helped it bounce back from a large loss last year, with the mining giant also flagging the sale of its US shale assets. The world's largest miner recorded an annual net profit of $5.89 bil
Published 23 Aug, 2017 12:00am
EU opens probe into Bayer takeover of Monsanto

EU opens probe into Bayer takeover of Monsanto

The European Commission said Tuesday that it was opening an in-depth investigation into the proposed $66 billion (56-billion-euro) takeover of US seed and pesticide supplier Monsanto by Germany's Bayer, citing concerns it could reduce competition in key p
Published 23 Aug, 2017 12:00am
South Korea says no agreement to renegotiate US trade deal

South Korea says no agreement to renegotiate US trade deal

South Korea and the US have reached no agreement on renegotiating their free trade pact, a top Seoul official said Tuesday after meeting US counterparts. The US administration under President Donald Trump has been seeking to revise the pact, signed by for
Published 23 Aug, 2017 12:00am
Britain posts first July budget surplus in 15 years, outlook darker

Britain posts first July budget surplus in 15 years, outlook darker

Britain unexpectedly posted its first budget surplus for any July since 2002 according to official data on Tuesday, welcome news for finance minister Philip Hammond in what still looks likely to be a difficult financial year for the government. The surplu
Published 23 Aug, 2017 12:00am
Al Rajhi Bank, Ma'aden boost Saudi index; Dubai outperforms

Al Rajhi Bank, Ma'aden boost Saudi index; Dubai outperforms

Saudi Arabia's stock market rose on Tuesday on the back of gains by Al Rajhi Bank and mining firm Ma'aden, while Dubai also outperformed most Gulf bourses although trading was thin. The Saudi stock index climbed 0.4 percent with Al Rajhi up 2.2 percent to
Published 23 Aug, 2017 12:00am
Tuesday's early afternoon trade: Tech stocks up 1.27 percent
Exchange

Tuesday's early afternoon trade: Tech stocks up 1.27 percent

US stocks were higher in early afternoon trading on Tuesday, with all the three major indexes poised for their best one-day percentage gains in more than a week, led by technology stocks. Nine of the 11 major S&P sectors were higher, with the heavyweight
Published 23 Aug, 2017 12:00am
S&P 500 gains after two days of declines; energy falls

S&P 500 gains after two days of declines; energy falls

The S&P 500 ended up slightly on Monday after two days of declines, though simmering tensions between the United States and North Korea kept investors on edge and a drop in oil prices weighed on energy shares. Investors began to turn their focus to the Ja
Published 23 Aug, 2017 12:00am
Indian shares up

Indian shares up

Indian shares ended with marginal gains on Tuesday, as markets remained range-bound with investors keeping to the sidelines due to a lack of triggers.
Published 23 Aug, 2017 12:00am
Hong Kong shares get boost from property developers

Hong Kong shares get boost from property developers

Hong Kong stocks ended higher for a second straight day on Tuesday, supported by upbeat earnings at some Chinese developers and modest gains on Wall Street. The Hang Seng index rose 0.9 percent, to 27,401.67 points, while the China Enterprises Index gaine
Published 23 Aug, 2017 12:00am
Treasuries steady

Treasuries steady

US Treasuries were steady on Monday as investors awaited speeches by top global central bankers later this week for further signals about monetary policy, with no major data releases to set market direction. Investors were focused on this week's annual ce
Published 23 Aug, 2017 12:00am
Treasuries steady

Treasuries steady

US Treasuries were steady on Monday as investors awaited speeches by top global central bankers later this week for further signals about monetary policy, with no major data releases to set market direction. Investors were focused on this week's annual ce
Published 23 Aug, 2017 12:00am
China shares higher

China shares higher

China stocks ended higher as a unit of China Unicom surged by the daily limit for a second day, and as financial and materials firms also experienced strong gains. The blue-chip CSI300 index rose 0.3 percent, to 3,752.57 points, while the Shanghai Composi
Published 23 Aug, 2017 12:00am
Tokyo stocks flat

Tokyo stocks flat

Tokyo stocks slightly lower on Tuesday as investors cast a wary eye on geopolitical crises and looked ahead to a key central banker meeting later in the week. The benchmark Nikkei 225 index fell for the fifth consecutive day as worries about a US-North Ko
Published 23 Aug, 2017 12:00am
Miners bolster European shares, Provident Financial plummets

Miners bolster European shares, Provident Financial plummets

A flurry of results for heavyweight mining stocks and a plunge in Provident Financial shares injected some energy into European shares on Tuesday, with the region's benchmark indexes ending a three-day losing streak. The pan-European STOXX 600 rose 0.8 pe
Published 23 Aug, 2017 12:00am
Australian shares up; New Zealand flat

Australian shares up; New Zealand flat

Australian shares ended higher on Tuesday, supported by gains in materials and industrial stocks after BHP Billiton posted robust annual earnings and said it was putting its underperforming US shale assets up for sale. The S&P/ASX 200 index rose 24.25 poi
Published 23 Aug, 2017 12:00am
Most southeast Asian stocks soar

Most southeast Asian stocks soar

Most Southeast Asian stock markets ended higher on Tuesday as Wall Street recorded modest overnight gains, underpinning sentiment in Asia. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.5 percent on Tuesday, after Wall Street's benchmar
Published 23 Aug, 2017 12:00am
FTSE gains clouded by Provident Financial's 'catastrophic' slump

FTSE gains clouded by Provident Financial's 'catastrophic' slump

A fall of more than 60 percent by subprime lender Provident Financial following another profit warning dominated London trading on Tuesday, although the broader market was supported by stronger commodities and a weaker pound. The blue-chip FTSE 100 index
Published 23 Aug, 2017 12:00am
China's yuan rises against US dollar
Exchange

China's yuan rises against US dollar

China's yuan firmed against the US dollar on Tuesday after the central bank set the midpoint at its firmest in 11 months, as the Chinese currency continued to benefit from a soft dollar. Prior to market opening, the People's Bank of China set the yuan's m
Published 23 Aug, 2017 12:00am
Dollar index inches higher in Asia

Dollar index inches higher in Asia

The dollar inched higher against a basket of currencies on Tuesday, with traders focusing on the annual central banking conference in Jackson Hole this week for insights into the outlook for monetary policy. The dollar index, which measures the greenback'
Published 23 Aug, 2017 12:00am
Euro wilts against broadly resurgent dollar in Europe

Euro wilts against broadly resurgent dollar in Europe

The euro fell against the dollar on Tuesday, retracing most of its overnight gains as a broadly resurgent greenback prompted investors to square positions in a thin market before a central bank conference this week. The single currency slipped 0.6 percent
Published 23 Aug, 2017 12:00am
Early trade in New York: dollar rebounds ahead of Jackson Hole meeting

Early trade in New York: dollar rebounds ahead of Jackson Hole meeting

The dollar rallied on Tuesday after falling for two straight days, benefiting from the euro's decline following weaker-than-expected euro zone data as well as investors adjusting positions ahead of a global central bankers' conference later this week. Cau
Published 23 Aug, 2017 12:00am
Dollar falters in New York as North Korea weighs

Dollar falters in New York as North Korea weighs

The dollar slumped on Monday amid geopolitical tension in North Korea, as investors braced for the annual central banking conference in Jackson Hole this week where the world's top central bankers may signal their next policy actions. The US currency has
Published 23 Aug, 2017 12:00am
Asian currencies edge higher
Exchange

Asian currencies edge higher

Asian currencies edged up on Tuesday, with the dollar in a more defensive stance, but analysts said regional currencies' short-term fate could be decided by the annual central banking conference in Jackson Hole this week. The dollar index inched up after
Published 23 Aug, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Inter-bank buy/sell rates for the taka against the dollar on Tuesday. 80.70-80.70 (previous 80.70-80.70).
Published 23 Aug, 2017 12:00am
Sterling sinks to eight-week low against dollar

Sterling sinks to eight-week low against dollar

Broad gains for the dollar pushed sterling back towards lows from early July on Tuesday, the British currency weighed down by an uncertain economic outlook that has quashed expectations of a rise in Bank of England interest rates. The pound has fallen alm
Published 23 Aug, 2017 12:00am
Aussie, kiwi steady

Aussie, kiwi steady

The Australian and New Zealand dollars hardly budged on Tuesday as traders were wary of geopolitical tensions in North Korea and held their bets ahead of an annual gathering of central bankers at Jackson Hole later in the week. The Australian dollar inche
Published 23 Aug, 2017 12:00am
Suspended Shahzeb Hassan going abroad

Suspended Shahzeb Hassan going abroad

The Lahore High Court on Tuesday allowed suspended cricketer Shahzeb Hassan, who is facing trial on charges of spot fixing before an anti-corruption tribunal, to go abroad. Shahzeb had challenged the ministry's order and sought removal of his name from th
Published 23 Aug, 2017 12:00am
22 women short-listed for RCA Abbottabad team

22 women short-listed for RCA Abbottabad team

Pakistan Cricket Board (PCB) Cricket Coordinator in Mardan and former national cricketer Asia Noor Tuesday said that a total of 22 women players were short-listed for the final phase of trials to select women Under-21 cricket team for Regional Cricket Ass
Published 23 Aug, 2017 12:00am
England legend Boycott apologises for 'unacceptable'remar

England legend Boycott apologises for 'unacceptable'remar

Controversial England batting legend Geoff Boycott made a grovelling apology on Tuesday for remarking he needed to "black up his face" to get a knighthood at an event last week. The 76-year-old astonished his audience with his comment during a question an
Published 23 Aug, 2017 12:00am
Azarenka withdraws from US Open

Azarenka withdraws from US Open

Two-time US Open runner-up Victoria Azarenka confirmed her withdrawal from the tournament on Monday amid a custody battle concerning her eight-month-old son. Azarenka, who signalled last week she may miss the tournament rather than travel to New York with
Published 23 Aug, 2017 12:00am
Sterling rescue act spares 10-man Manchester City

Sterling rescue act spares 10-man Manchester City

Raheem Sterling came on to score an 82nd-minute equaliser as 10-man Manchester City rescued a 1-1 draw against Everton in their opening Premier League home game on Monday. Wayne Rooney put Everton ahead with his 200th Premier League goal before City home
Published 23 Aug, 2017 12:00am
Southeast Asian Games: Schooling golden, teen crowned fastest man

Southeast Asian Games: Schooling golden, teen crowned fastest man

Olympic swimming champion Joseph Schooling grabbed his second gold of the Southeast Asian Games on Tuesday as hosts Malaysia capped a medal-laden day when teenager Khairul Hafiz was crowned the region's fastest man. Schooling, Singapore's first Olympic go
Published 23 Aug, 2017 12:00am
Mardan stun Karak in KP Inter-District Football Championship

Mardan stun Karak in KP Inter-District Football Championship

In a thrilling encounter Mardan staged a strong comeback by surprising Karak 4-3 in the ongoing Khyber Pakhtunkhwa Inter-District Football Championship being played in front of a good number of vociferous crowd here at Sumbal Khan Football ground, Qayyum
Published 23 Aug, 2017 12:00am
One-third of known French radicals are mentally disturbed: minister

One-third of known French radicals are mentally disturbed: minister

Nearly a third of people on a French terror watchlist are believed to have psychiatric disorders, Interior Minister Gerard Collomb said Tuesday, a day after a mentally ill man went on a rampage in a stolen van in Marseille. The incident, in which the man
Published 23 Aug, 2017 12:00am
Dozens reported dead in US-led strikes as battle nears Raqa heart

Dozens reported dead in US-led strikes as battle nears Raqa heart

Dozens of civilians have died in two days of intense US-led strikes on Raqa, a monitor said Tuesday, as fighting to retake the Syrian city from jihadists nears its densely populated centre. The coalition acknowledges it has pounded the city and surroundin
Published 23 Aug, 2017 12:00am
Erdogan vows to thwart any 'Kurdish state' in Syria

Erdogan vows to thwart any 'Kurdish state' in Syria

President Recep Tayyip Erdogan on Tuesday vowed Turkey would thwart any attempt by a Kurdish militia it deems "terrorists" to carve out a Kurdish state in northern Syria. Ankara views the Kurdish Peoples' Protection Units (YPG) and the Kurdish Democratic
Published 23 Aug, 2017 12:00am
Former Libya PM kidnapped in Tripoli: family

Former Libya PM kidnapped in Tripoli: family

Libya's former prime minister Ali Zeidan has been kidnapped by an armed group in war-torn Tripoli and not been heard from in nine days, family members and friends said Tuesday. Zeidan, who became premier in November 2012, was dismissed by Libya's parliame
Published 23 Aug, 2017 12:00am
Iran denies joint operation against Kurds with Turkey

Iran denies joint operation against Kurds with Turkey

Iran's Revolutionary Guards on Tuesday denied claims by Turkey that the two countries were planning joint military operations against Kurdish rebels in Iraq. "We have not planned any operations outside Iran's borders," said a statement from the Guards' re
Published 23 Aug, 2017 12:00am
Fukushima reactor 'ice wall' nearly finished

Fukushima reactor 'ice wall' nearly finished

Fukushima's operator on Tuesday started freezing the last section of a $320 million ice wall designed to combat widespread water contamination at the site of the worst nuclear accident in a generation. Tokyo Electric Power (TEPCO) began pumping coolant in
Published 23 Aug, 2017 12:00am
Remains of US sailors found on warship that collided off Singapore

Remains of US sailors found on warship that collided off Singapore

Divers have found the remains of some of the 10 sailors who went missing when a US destroyer collided with a tanker off Singapore, the navy said Tuesday, the latest deadly accident involving an American warship. The US Navy has announced a fleet-wide glob
Published 23 Aug, 2017 12:00am
Pentagon chief in Baghdad: IS jihadists 'on the run'

Pentagon chief in Baghdad: IS jihadists 'on the run'

US Defence Secretary Jim Mattis said Tuesday that the Islamic State group is "on the run" in Iraq and that security is returning after a four year battle against the jihadists. As Iraqi forces battled the group inside its northern stronghold of Tal Afar,
Published 23 Aug, 2017 12:00am
Qatar, US stage joint military exercise

Qatar, US stage joint military exercise

Qatari and US paratroopers held a joint training exercise in crisis-hit Doha on Tuesday which American officials said reinforced "the enduring military-to-military" partnership between the two countries. The "Friendship Jump" comes at a time of high polit
Published 23 Aug, 2017 12:00am
US sanctions Chinese, Russians over North Korea support
Exchange

US sanctions Chinese, Russians over North Korea support

The United States on Tuesday slapped sanctions on 16 Chinese and Russian individuals and companies, accusing them of supporting North Korea's nuclear program and attempting to evade US sanctions. The sanctions are part of a broader US effort to disrupt th
Published 23 Aug, 2017 12:00am
Cotton rises on crop damage concerns due to storm in Texas
Cotton

Cotton rises on crop damage concerns due to storm in Texas

ICE cotton gained on Tuesday, propped up by fears of crop damage in South Texas from a potential storm in the region, even as department of Agriculture data showed strong crop progress in the natural fibre growing regions. "Prices might go a little bit hi
Published 23 Aug, 2017 12:00am
Shanghai copper, nickel up
Exchange

Shanghai copper, nickel up

Shanghai Futures Exchange copper rallied 1.9 percent to 52,190 yuan ($7,841) having struck its strongest since March 2013 at 52,210 yuan on Tuesday after a string of results from mining companies buoyed sentiment towards the sector, which also found wider
Published 23 Aug, 2017 12:00am
Copper pulls back from three-year high
Exchange

Copper pulls back from three-year high

Copper retreated from a three-year high on Tuesday, and other base metals also fell or trimmed gains, as speculators and funds locked in some profits after a steep rally. Earlier in the session, metals were on the rise against a backdrop of strong results
Published 23 Aug, 2017 12:00am
Oil prices climb as traders eye another US crude drawdown

Oil prices climb as traders eye another US crude drawdown

Oil inched up on Tuesday, lifted by expectations of another crude stockpile drawdown in the United States but price gains were limited amid the reopening of Libya's largest oil field. US crude inventories were expected to have fallen for an eighth straigh
Published 23 Aug, 2017 12:00am
Rubber down
Exchange

Rubber down

Benchmark Tokyo rubber futures inched lower on Tuesday, pressured by weaker oil prices overnight, but losses were partially offset by healthy sentiment in the industrial metals market. The Tokyo Commodity Exchange (TOCOM) rubber contract for January deliv
Published 23 Aug, 2017 12:00am
Palm oil reaches five-month high
Vegetable Oil

Palm oil reaches five-month high

Malaysian palm oil futures extended gains on Tuesday evening to five-month highs on concerns about production, and tracking advances in related edible oils. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange w
Published 23 Aug, 2017 12:00am
Arabica coffee hits five-week low, raw sugar dips
Exchange

Arabica coffee hits five-week low, raw sugar dips

Arabica coffee futures on ICE US hit a five-week low on Tuesday, as the dollar strengthened and harvests near completion. Raw sugar dipped as earlier fund buying subsided and speculators exited short positions. December arabica coffee settled down 1.05 ce
Published 23 Aug, 2017 12:00am
Gold rises in New York

Gold rises in New York

Gold rose on Monday as geopolitical tensions over North Korea fuelled safe-haven demand, while doubts about US President Donald Trump's ability to enact pro-business policies pushed US bond yields and the dollar lower. Investors braced for North Korea's r
Published 23 Aug, 2017 12:00am
Gold falls in Asia

Gold falls in Asia

Gold prices slipped on Tuesday, pressured by a stronger dollar, while investors focused on North Korea tensions and remained cautious ahead of an annual central banking meeting in Jackson Hole later this week. Spot gold was down 0.4 percent at $1,285.48 a
Published 23 Aug, 2017 12:00am
Gold slides, palladium hits highest since 2001 in Europe

Gold slides, palladium hits highest since 2001 in Europe

Gold prices fell on Tuesday, under pressure from a stronger dollar ahead of an annual meeting of central bankers this week, while speculative buying pushed palladium to its highest since February 2001. Spot gold was down 0.2 percent at $1,288.39 an ounce
Published 23 Aug, 2017 12:00am
US MIDDAY: wheat sinks

US MIDDAY: wheat sinks

US wheat futures sank to contract lows on Tuesday, weighed down by abundant global supplies and technical selling as prices extended a fall that started in early July. Chicago Board of Trade corn futures weakened slightly to the lowest levels in about a y
Published 23 Aug, 2017 12:00am
US MIDDAY: gold eases, palladium falls

US MIDDAY: gold eases, palladium falls

Gold prices fell on Tuesday, pressured by the stronger US dollar ahead of an annual meeting of central bankers this week, while palladium fell from its highest level since February 2001. Spot gold was down 0.4 percent at $1,285.25 an ounce by 2:15 pm EDT
Published 23 Aug, 2017 12:00am
CPEC: whose project is this?

CPEC: whose project is this?

The current regime which took charge of the state of affairs in June 2013, has been claiming to have launched the China-Pakistan Economic Corridor (CPEC). The then Prime Minister has even called the CPEC as a gift from China to his government. The CPEC ha
Published 23 Aug, 2017 12:00am
Export sector: FPCCI for Rs 3 per unit reduction in power tariff

Export sector: FPCCI for Rs 3 per unit reduction in power tariff

President Federation of Pakistan Commerce and Industry, Zubair Tufail has demanded that price of gas should be brought down significantly while the power tariff for the exports sector should be immediately slashed by Rs 3 per unit so that export sector ca
Published 23 Aug, 2017 12:00am
Abbott Laboratories Pakistan
Mutual Funds

Abbott Laboratories Pakistan

Abbot Laboratories Pakistan (PSX: ABOT) ranks second in the pharmaceutical company of Pakistan by market share. The company started its operations in Pakistan in 1948 and is listed on the Pakistan Stock Exchange. Abbott is involved in the manufacturing of
Published 23 Aug, 2017 12:00am
Abbott Laboratories Pakistan
Mutual Funds

Abbott Laboratories Pakistan

Abbot Laboratories Pakistan (PSX: ABOT) ranks second in the pharmaceutical company of Pakistan by market share. The company started its operations in Pakistan in 1948 and is listed on the Pakistan Stock Exchange. Abbott is involved in the manufacturing of
Published 23 Aug, 2017 12:00am
UN slams use of children in Nigeria bombings

UN slams use of children in Nigeria bombings

The United Nations voiced alarm Tuesday at Boko Haram jihadists' surging use of children, mainly girls, as human bombs in northeastern Nigeria, describing the practice as an "atrocity". The Islamists have for several years been using children to attack cr
Published 23 Aug, 2017 12:00am
Uzbekistan releases UN staffer after 11 years in prison

Uzbekistan releases UN staffer after 11 years in prison

Uzbekistan has released a former United Nations employee held for 11 years over treason, the UN said Tuesday, the latest sign of thawing autocracy in the secretive ex-Soviet country. Erkin Musaev, an Uzbek citizen, was running a joint UN-European Union pr
Published 23 Aug, 2017 12:00am
Last child saved after quake hits Italian island

Last child saved after quake hits Italian island

Rescuers on the Italian holiday island of Ischia pulled the last trapped child from rubble Tuesday after a magnitude-4.0 earthquake toppled buildings and left two people dead. Firefighters dug with their bare hands to reach 11-year old Ciro, the last of t
Published 23 Aug, 2017 12:00am
Top US commander calls for diplomacy in North Korea tensions

Top US commander calls for diplomacy in North Korea tensions

The head of the US military's Pacific Command on Tuesday stressed the importance of diplomacy, rather than a preemptive military strike, to address North Korea's growing nuclear and missile threats. Tensions rose after the North last month tested two inte
Published 23 Aug, 2017 12:00am
Sindh minister's son kidnapped

Sindh minister's son kidnapped

Special Assistant to Sindh Chief Minister and Minister for Katchi Abadis Ghulam Murtaza Baloch's son Hayat Baloch was kidnapped from Karachi's Gadap Town on Tuesday. As per details, some unidentified armed assailants kidnapped the son of Special Assistant
Published 23 Aug, 2017 12:00am
KBP general council meets today

KBP general council meets today

Kissan Board Pakistan (KBP) has convened meeting of its General Council (GC) on August 23, 2017 in Lahore to chalk out strategy for forcing the government to accept its charter of demand which include clearance of payments to growers by the sugar mills an
Published 23 Aug, 2017 12:00am
Philips Lighting to illuminate LuckyOne shopping mall

Philips Lighting to illuminate LuckyOne shopping mall

Philips Lighting (Euronext Amsterdam ticker: LIGHT) announced the illumination of one the largest shopping malls in Pakistan, LuckyOne in Karachi, with architectural LED lighting technology. Transforming Karachi's skyline. The dynamic LED lighting, which
Published 23 Aug, 2017 12:00am
SEDC, PCSW inaugurate summer trainee programme

SEDC, PCSW inaugurate summer trainee programme

The Social Enterprise Development Centre (SEDC) at the Suleman Dawood School of Business (SDSB), Lahore University of Management Sciences (LUMS) inaugurated six-week Summer Trainee Programme recently, in collaboration with the Punjab Commission on the Sta
Published 23 Aug, 2017 12:00am
USDA experts to conduct workshop on 'water-resource'

USDA experts to conduct workshop on 'water-resource'

Three experts from the United States Department of Agriculture (USDA) are conducting water-resource workshop in Islamabad this week to support the Pakistan Water Dialogue Project (PWDP). Eighty-five senior officials and technical experts from the federal
Published 23 Aug, 2017 12:00am
CSOs voice concern over curtailment of NCHR's powers

CSOs voice concern over curtailment of NCHR's powers

The Representatives of civil society organizations (CSO) have voiced concerns over the curtailment of powers of National Commission for Human Rights by making amendments into the relevant rules. They demanded of the federal government to ensure administra
Published 23 Aug, 2017 12:00am
Nestlé records 10 percent revenue growth in 1H17

Nestlé records 10 percent revenue growth in 1H17

Nestlé Pakistan recorded a positive first half, posting a growth of 10%, and an overall increase in its total revenue by Rs 5.64 billion. The company reported overall earnings of Rs 7.93 billion for the six months ended on June 30, 2017 as compared to Rs
Published 23 Aug, 2017 12:00am
Nestlé records 10 percent revenue growth in 1H17

Nestlé records 10 percent revenue growth in 1H17

Nestlé Pakistan recorded a positive first half, posting a growth of 10%, and an overall increase in its total revenue by Rs 5.64 billion. The company reported overall earnings of Rs 7.93 billion for the six months ended on June 30, 2017 as compared to Rs
Published 23 Aug, 2017 12:00am
Lawyers' protest against MBA president's arrest warrants continues

Lawyers' protest against MBA president's arrest warrants continues

The lawyers continued their protest against issuance of arrest warrants of President Multan Bar Association Sher Zaman Qureshi here on Tuesday. They also created hostile conditions for media persons restricting them from their protest for, what they claim
Published 23 Aug, 2017 12:00am
Emirates to deploy extra flights for upcoming Hajj season

Emirates to deploy extra flights for upcoming Hajj season

Emirates, a national UAE airline, will be operating extra flights to Jeddah to facilitate travel for thousands of pilgrims this year heading to and from the Kingdom of Saudi Arabia for Hajj. "Karachi is one of the top inbound destinations Emirates is expe
Published 23 Aug, 2017 12:00am
Punjab University, PSQCA sign MoU

Punjab University, PSQCA sign MoU

Punjab University (PU) and Pakistan Standards and Quality Control Authority (PSQCA) have signed a Memorandum of Understanding (MoU) to promote need-based/demand driven standardization, quality control/assurance education programmes and transfer of technol
Published 23 Aug, 2017 12:00am
D G Khan canal: remodelling of hill torrent crossings approved

D G Khan canal: remodelling of hill torrent crossings approved

The Punjab Provincial Development Working Party has approved remodelling of six hill torrent crossings over D G Khan Canal at the cost of Rs 1135.39 million. The scheme was approved in the PDWP's 13th meeting of the current fiscal year 2017-18 presided ov
Published 23 Aug, 2017 12:00am
PPP compelled US to apologize for Salala attack: Bilawal

PPP compelled US to apologize for Salala attack: Bilawal

Chairman Pakistan People's Party Bilawal Bhutto on Tuesday said that the PPP was the only government that compelled the US to apologize for attacking Salala check post. "PPP would not only be a threat to the terrorists but would also talk to the enemies o
Published 23 Aug, 2017 12:00am
'International Poultry Expo' to begin tomorrow

'International Poultry Expo' to begin tomorrow

Pakistan Poultry Association (PPA) is holding 'International Poultry Expo-2017' from August 24 to 26, 2017 in the provincial metropolis at the Expo Center Lahore. The three-day annual feature of the Association will be housing 150 exhibitors and 50 of the
Published 23 Aug, 2017 12:00am
PML-N's agenda aimed at improving standard of life: CM

PML-N's agenda aimed at improving standard of life: CM

Punjab Chief Minister Shahbaz Sharif on Tuesday said that bringing marked improvement in living standard of the people of impecunious strata is an important agenda of Pakistan Muslim League-N government. While talking to elected representatives of Souther
Published 23 Aug, 2017 12:00am
Setting up of apparels export council on the cards: PRGMEA chief

Setting up of apparels export council on the cards: PRGMEA chief

Central Chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Ijaz A. Khokhar has said that PRGMEA is actively considering establishing "Pakistan Apparels Export Council" to facilitate the business community of the country.
Published 23 Aug, 2017 12:00am
LABARD, Faysal Bank join hands to serve special persons

LABARD, Faysal Bank join hands to serve special persons

Lahore Businessmen Association for Rehabilitation of Disabled (LABARD) and Faysal Bank on Tuesday joined hands to serve the special people in a better way. Faysal Bank has also donated a modern vehicle to the Association for easy movement of the special c
Published 23 Aug, 2017 12:00am
Dengue claims two more lives in Peshawar

Dengue claims two more lives in Peshawar

A petition has been filed in the Peshawar High Court (PHC) seeking handing over of the Khyber Pakhtunkhwa Health Department to Punjab and stopping its minister and secretary from work. Saifullah Mohib, a lawyer from Peshawar, has said in his petition that
Published 23 Aug, 2017 12:00am
Miftah, APOTA to discuss issues today

Miftah, APOTA to discuss issues today

A meeting between the newly appointed Special Assistant to Prime Minister on Economic Affairs Dr Miftah Ismail and All Pakistan Oil Tankers Association (APOTA) will be held to resolve issues faced by the oil tankers operators today (Wednesday).
Published 23 Aug, 2017 12:00am
PPP KP's advice to Imran: Abandon all activities & control dengue

PPP KP's advice to Imran: Abandon all activities & control dengue

Provincial President PPP, Khyber Pakhtunkhwa, Mohammad Humayun Khan has expressed serious concern over the outbreak of Dengue virus in parts of the province and termed it a failure of the provincial government. In a statement issued here Tuesday, the PPP
Published 23 Aug, 2017 12:00am
Imam-e-Kaaba visits Pak pilgrims in Makkah

Imam-e-Kaaba visits Pak pilgrims in Makkah

Imam-e-Kaaba Shaikh Faisal Al Ghazzawi paid a visit to a building inhabited by Pakistani pilgrims at Batha Quresh in Makkah Mukarramah during which he elaborated Hajj rituals and their significance. In his oration on the occasion, he said we should perfor
Published 23 Aug, 2017 12:00am
UN chief mourns death of Pakistani soldiers in Congo

UN chief mourns death of Pakistani soldiers in Congo

UN Secretary-General Antonio Guterres has expressed his "heartfelt condolences" on the recent deaths of two Pakistani soldiers who were killed during a UN peacemaking mission in the Democratic Republic of Congo (DRC). The two soldiers, Sepoys Muhammad Ish
Published 23 Aug, 2017 12:00am
Misbah appointed chairman NSPC

Misbah appointed chairman NSPC

The Establishment Division Tuesday notified appointment of Muhammad Misbah, a BS-21 officer of Pakistan Administrative Service, as Chairman of National Security Printing Company (NSPC). "Misbah has been appointed as Director on the Board of Directors of N
Published 23 Aug, 2017 12:00am
Dengue victims Khattak announces compensation for families

Dengue victims Khattak announces compensation for families

KP Chief Minister Pervez Khattak on Tuesday announced compensation package of Rs 500,000 to each family with a member who fell prey to the dengue virus. The CM along with Health Minister Shahram Khan Tarakai and MPA Yasin Khalil visited the dengue-affecte
Published 23 Aug, 2017 12:00am
High-powered delegation calls on OPF MD

High-powered delegation calls on OPF MD

A high-powered delegation comprising of Andrew Gwynne, MP for Denton and Reddish, UK, Wajid Khan Member European Parliament, Aasim Rashid Councillor Rochdale, UK and Raja Najabat Hussain, Chairman Jammu and Kashmir Self-Determination Movement called upon
Published 23 Aug, 2017 12:00am
JUI-F KP reviews prevailing political situation

JUI-F KP reviews prevailing political situation

A meeting of the executive council JUI-F Khyber Pakhtunkhwa was held here with Provincial Ameer, Maulana Gul Naseeb in the chair in Sahibzada House, Sakhakot, district Malakand on Tuesday. Those attended the meeting included Mufti Kifayatullah, Shuja-ul-M
Published 23 Aug, 2017 12:00am
CJCS Jordan meets CoAS

CJCS Jordan meets CoAS

Chairman Joint Chiefs of Staff Jordan Armed Forces, Lieutenant General Mahmoud A Fraihat called on Chief of Army Staff (CoAS) General Qamar Javed Bajwa at GHQ on Tuesday. Matters of mutual interest, including strengthening of bilateral security and defenc
Published 23 Aug, 2017 12:00am
NAB initiates probe into illegal land allotment in Gwadar

NAB initiates probe into illegal land allotment in Gwadar

National Accountability Bureau Balochistan has launched an inquiry into the multibillion scam of illegal allotment of land in the port city of Gwadar. Some private persons having the patronage of influential people allegedly got allotted some 3,167 acres
Published 23 Aug, 2017 12:00am
Gwadar Port to be fully operational within three to four years: envoy

Gwadar Port to be fully operational within three to four years: envoy

Pakistan Ambassador to China, Masood Khalid on Tuesday said the development work is in progress on Gwadar Port and expressed the confidence that it would be fully operational in three to four years. A power plant is being set up there to provide electrici
Published 23 Aug, 2017 12:00am
Education minister's directive

Education minister's directive

The provincial minister for education and literacy, Jam Mehtab Hussain Dahar, has directed the regional director of colleges in Karachi to complete the admission process for first year in colleges on schedule so that students' time is wasted. Presiding ov
Published 23 Aug, 2017 12:00am
Peek Freans Sooper break Guinness World Records title

Peek Freans Sooper break Guinness World Records title

Peek Freans Sooper has officially broken the Guinness World Records title for the Largest Cookie Mosaic in the shape of Pakistan's flag made with 150,000+ cookies measuring 226.51 m2 (2,438.15 ft2). Peek Freans Sooper perfectly embodies the spirit of the
Published 23 Aug, 2017 12:00am
Customs value of medical equipment revised

Customs value of medical equipment revised

Directorate General Customs Valuation (DGCV) has revised the customs values of different types of medical items/equipment under section 25-A of the Customs Act, 1969. According to details, the Directorate has earlier circulated reference customs values of
Published 23 Aug, 2017 12:00am
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