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Print - 2017-08-23
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
Senate body for revival of student unions

Senate body for revival of student unions

The Senate Committee of the Whole on Tuesday adopted a resolution, calling for revival of student unions in educational institutions across the country. The committee which met here with Raza Rabbani in the chair discussed the draft resolution for revival
Published 23 Aug, 2017 12:00am
Senate body for revival of student unions

Senate body for revival of student unions

The Senate Committee of the Whole on Tuesday adopted a resolution, calling for revival of student unions in educational institutions across the country. The committee which met here with Raza Rabbani in the chair discussed the draft resolution for revival
Published 23 Aug, 2017 12:00am
India using TTP against Pakistan: ISPR

India using TTP against Pakistan: ISPR

The Army Spokesman Major General Aif Ghafoor said Tuesday that Pakistan never levelled allegations against Afghan government or the Afghan army for supporting Pakistani terrorists but it was stated that terrorists are using Afghan soil to target Pakistan.
Published 23 Aug, 2017 12:00am
India using TTP against Pakistan: ISPR

India using TTP against Pakistan: ISPR

The Army Spokesman Major General Aif Ghafoor said Tuesday that Pakistan never levelled allegations against Afghan government or the Afghan army for supporting Pakistani terrorists but it was stated that terrorists are using Afghan soil to target Pakistan.
Published 23 Aug, 2017 12:00am
External account

External account

In a much-delayed meeting chaired by Federal Finance Minister Ishaq Dar the reasons behind the worsening current account deficit were examined though, unfortunately, no specific decisions targeted to deal with this growing crisis were taken. The three wee
Published 23 Aug, 2017 12:00am
CCI reconstitution

CCI reconstitution

Prime Minister Shahid Khaqan Abbasi has reconstituted the Council of Common Interests, but the move has raised some questions that need answering. In the first place, contrary to the provisions of Articles 153(1) and 154(3), which lay down that the Counci
Published 23 Aug, 2017 12:00am
Curing corruption
Exchange

Curing corruption

The way many in Pakistan have been focusing on corruption since the Panama Papers hit the headlines in April last year it seems they all have persuaded themselves into believing that the expulsion of one individual or a few associated with him at the top
Published 23 Aug, 2017 12:00am
The biggest problem

The biggest problem

Education, the lack thereof actually, is the undisputed, numero uno impediment to Pakistan's economic growth, political stability and everything else wrong with the country today, at least in my opinion. Unfortunately, since disagreeing with everything wi
Published 23 Aug, 2017 12:00am
China has more room to tackle debt - if it wants to

China has more room to tackle debt - if it wants to

Rising corporate profits are providing Chinese policymakers with room to do more to tackle the country's growing debt problems without inflicting major damage on the economy. Profits are increasing even though financial conditions are tightening in some s
Published 23 Aug, 2017 12:00am
'Balochistan needs attention'

'Balochistan needs attention'

This is apropos a letter "Balochistan needs attention" carried by this newspaper yesterday. That Balochistan needs attention because of a variety of reasons is a fact. The prime reason is the China Pakistan Economic Corridor (CPEC). Its successful executi
Published 23 Aug, 2017 12:00am
US no more an important ally of Pakistan, says ex-envoy

US no more an important ally of Pakistan, says ex-envoy

Former Pakistan's Ambassador to the US says US used to be an important ally for Pakistan in past but now the situation has changed and Pakistan is not ready to put all its eggs in the US basket. In an interview with Iranian media, Syeda Abida Hussain said
Published 23 Aug, 2017 12:00am
Dialogue under way for 'Grand National Alliance': Daniyal

Dialogue under way for 'Grand National Alliance': Daniyal

Pakistan Muslim League-Nawaz (PML-N) leader Daniyal Aziz has claimed that no rigging took place in general election 2013. While addressing a press conference here on Tuesday, Minister for Privatization Daniyal Aziz lashed out at Pakistan Tehreek-e-Insaf (
Published 23 Aug, 2017 12:00am
Imran lambastes Trump for his harsh words against Pakistan

Imran lambastes Trump for his harsh words against Pakistan

Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan lambasted US President Donald Trump for his harsh words against Pakistan, saying the time has come for Pakistan to stop fighting 'others wars for the lure of dollars.' In a tweet, he said that people of P
Published 23 Aug, 2017 12:00am
NHN in collaboration with NDMA, ADPC launch project
Exchange

NHN in collaboration with NDMA, ADPC launch project

National Humanitarian Network (NHN) Pakistan in collaboration with National Disaster Management Authority (NDMA) and Asian Preparedness Center (ADPC) on Tuesday launched the project titled 'strengthening emergency response capacity of local humanitarian a
Published 23 Aug, 2017 12:00am
Marriyum throws light on 'Right to Information Bill'

Marriyum throws light on 'Right to Information Bill'

State Minister for Information, Broadcasting and National Heritage, Marriyum Aurangzeb on Tuesday said that the right to information bill is of significant importance and it will give every person access to information. While talking to the media outside
Published 23 Aug, 2017 12:00am
Afghan media team visits ISPR

Afghan media team visits ISPR

A nine-member Afghan media delegation visited Inter-Services Public Relations (ISPR), said a statement issued by the military media wing on Tuesday. According to the statement, the delegation visited ISPR and interacted with Director General ISPR, Lieuten
Published 23 Aug, 2017 12:00am
Japanese envoy calls on Asif

Japanese envoy calls on Asif

Takashi Kurai, Ambassador of Japan to Pakistan, paid a courtesy call on the Foreign Minister Khawaja Muhammad Asif at the Ministry of Foreign Affairs on Tuesday, says a press release issued here. The foreign minister emphasized that Pakistan attaches grea
Published 23 Aug, 2017 12:00am
Money laundering: SC rejects bail application of accused

Money laundering: SC rejects bail application of accused

Rejecting post-arrest bail application of an accused involved in money laundering of 300,000 Saudi Riyals, the Supreme Court on Tuesday asked the trial court to conclude adjudication in three months, failing which the bail would be the matter of right to
Published 23 Aug, 2017 12:00am
Shah urges PML-N government to take Trump's statement seriously

Shah urges PML-N government to take Trump's statement seriously

Leader of Opposition in the National Assembly Syed Khursheed Ahmed Shah Tuesday urged the Pakistan Muslim League-Nawaz (PML-N) government to take US President Donald Trump's statement about Pakistan seriously and react on it effectively.
Published 23 Aug, 2017 12:00am
Dastgir rejects Trump's allegations
Exchange

Dastgir rejects Trump's allegations

Defence Minister Khurram Dastgir on Wednesday rejected the US President Donald Trump's allegations of terrorists' 'safe havens' in Pakistan, saying the country has been taking actions against all type of militant groups without any discrimination. He was
Published 23 Aug, 2017 12:00am
Tehmina Janjua gets additional charge of Secretary NSD

Tehmina Janjua gets additional charge of Secretary NSD

Ms Tehmina Janjua, a BS-22 officer of Foreign Service of Pakistan, has been assigned to look after charge of the post of Secretary National Security Division(NSD). Tehmina Janjua is presently posted as Secretary Foreign Affairs Division. According to Esta
Published 23 Aug, 2017 12:00am
Kulsoom Nawaz diagnosed with throat cancer: British doctor

Kulsoom Nawaz diagnosed with throat cancer: British doctor

Begum Kulsoom Nawaz, wife of ousted Prime Minister Nawaz Sharif, has been diagnosed with throat cancer, doctors in the United Kingdom told private on Tuesday. According to British doctors treating the former premier's wife, her cancer can be treated.
Published 23 Aug, 2017 12:00am
AGP detects irregularities of over Rs 90 billion in USF

AGP detects irregularities of over Rs 90 billion in USF

The Auditor General of Pakistan (AGP) has unearthed irregularities, accumulation of unused funds, unlawful payment and non-recovery of over Rs 90 billion in Universal Service Fund (USF). The audit report on the accounts of telecommunication sector for aud
Published 23 Aug, 2017 12:00am
AGP detects Rs 275,557 millions malfeasance by FBR arm

AGP detects Rs 275,557 millions malfeasance by FBR arm

The Auditor General of Pakistan (AGP) has detected irregularities of Rs 275,557.50 million committed by Inland Revenue Department of the Federal Board of Revenue (FBR) during 2016-17. The malfeasance includes short levy of Super Tax, non-deduction of with
Published 23 Aug, 2017 12:00am
Al Meezan Investments, PAF sign MoU

Al Meezan Investments, PAF sign MoU

Al Meezan Investments (Al Meezan) and Pakistan Air Force (PAF) have signed a memorandum of understanding (MoU) which will enable Al Meezan, one of the largest asset management companies in Pakistan, to offer Shariah Compliant investment management service
Published 23 Aug, 2017 12:00am
Bank Alfalah to open Dubai branch
Exchange

Bank Alfalah to open Dubai branch

The Central Bank of UAE has granted license to Bank Alfalah Limited to open a Wholesale Banking Branch and conduct business in Dubai. This was said by Bank Alfalah in material information sent to Pakistan Stock Exchange on Tuesday. According to the materi
Published 23 Aug, 2017 12:00am
Habib Metro Bank earns Rs 4.09 billion profit in 1H

Habib Metro Bank earns Rs 4.09 billion profit in 1H

In a meeting of Habib Metropolitan Bank's Board of Directors, held on Thursday August 17, 2017,the financial results of the Bank for the year ended June 30, 2017 were approved. The Bank posted a profit-before-tax of Rs 4.09 billion for the first half of 2
Published 23 Aug, 2017 12:00am
Habib Metro Bank earns Rs 4.09 billion profit in 1H

Habib Metro Bank earns Rs 4.09 billion profit in 1H

In a meeting of Habib Metropolitan Bank's Board of Directors, held on Thursday August 17, 2017,the financial results of the Bank for the year ended June 30, 2017 were approved. The Bank posted a profit-before-tax of Rs 4.09 billion for the first half of 2
Published 23 Aug, 2017 12:00am
NAB can arrest, forfeit property of a non-cooperator

NAB can arrest, forfeit property of a non-cooperator

The ousted Prime Minister Muhammad Nawaz Sharif and members of his family have so far not appeared before the NAB investigating team to answer questions about their off-shore assets, it is pertinent to state the powers of Chairman NAB under the NAB Ordina
Published 23 Aug, 2017 12:00am
Soneri Bank announces 2Q 2017 results

Soneri Bank announces 2Q 2017 results

Soneri Bank Limited posted profit before tax of Rs 1,449.97 million and profit after tax of Rs 811.85 million for the half year ended 30 June 2017. This translates into earning per share of Re. 0.74 versus Rs 1.07 in the corresponding period last year. Th
Published 23 Aug, 2017 12:00am
Soneri Bank announces 2Q 2017 results

Soneri Bank announces 2Q 2017 results

Soneri Bank Limited posted profit before tax of Rs 1,449.97 million and profit after tax of Rs 811.85 million for the half year ended 30 June 2017. This translates into earning per share of Re. 0.74 versus Rs 1.07 in the corresponding period last year. Th
Published 23 Aug, 2017 12:00am
KAPC's PAT increased to Rs 9.447 billion
Exchange

KAPC's PAT increased to Rs 9.447 billion

The profit after tax of Kot Addu Power Company (KAPC) has increased to Rs 9.447 billion in the year ended June 30, 2017 as compared to Rs 9.071 billion earned in corresponding period in 2016. The company's earning per share increased to Rs 10.73 in the pe
Published 23 Aug, 2017 12:00am
KAPC's PAT increased to Rs 9.447 billion
Exchange

KAPC's PAT increased to Rs 9.447 billion

The profit after tax of Kot Addu Power Company (KAPC) has increased to Rs 9.447 billion in the year ended June 30, 2017 as compared to Rs 9.071 billion earned in corresponding period in 2016. The company's earning per share increased to Rs 10.73 in the pe
Published 23 Aug, 2017 12:00am
Hajj flights should not be disturbed, remarks SHC

Hajj flights should not be disturbed, remarks SHC

The Sindh High Court (SHC) remarked on Tuesday that Hajj flights should be carried out without any hindrance. The SHC bench, headed by Justice Munib Akhtar was hearing the Regular Public Transport (RPT) license case between Shaheen Air International (SAI)
Published 23 Aug, 2017 12:00am
Zafar Hasan given additional charge

Zafar Hasan given additional charge

Zafar Hasan, a BS-21 officer of Secretariat Group, has been assigned to look after the charge of post of Secretary Planning, Development and Reforms Division. Zafar Hasan is presently posted as Additional Secretary Planning Development and Reforms Divisio
Published 23 Aug, 2017 12:00am
MQM-P postpones MPC amid major parties' boycott

MQM-P postpones MPC amid major parties' boycott

Muttahida Qaumi Movement Pakistan (MQM-P) postponed the Tuesday's multiparty conference after major political parties refused to attend it. The major political parties who turned down the MQM-P's invitation to attend its conference included Pakistan Peopl
Published 23 Aug, 2017 12:00am
War against terrorism: Pakistan has sacrificed more than US: Zardari

War against terrorism: Pakistan has sacrificed more than US: Zardari

Former President and co-Chairman Pakistan People's Party Asif Zardari Tuesday strongly reacted to the US policy towards Afghanistan and Pakistan, saying that Pakistan has rendered sacrifices of thirty to forty thousand lives against the deaths of merely 2
Published 23 Aug, 2017 12:00am
PBIF proposes supply of LPG through cylinders

PBIF proposes supply of LPG through cylinders

President of the Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has urged the government to supply LPG to isolated communities through cylinders because local piped gas networks would increase cost and risks as LPG is heavier than
Published 23 Aug, 2017 12:00am
POs among 50 suspects held, arms recovered

POs among 50 suspects held, arms recovered

The police arrested 50 suspects including proclaimed offenders (POs) and recovered arms from their custody here on Tuesday. District Police Office (DPO) said that the police conducted search operations against outlaws in different localities of Hangu. He
Published 23 Aug, 2017 12:00am
Consensus over protection of wildlife

Consensus over protection of wildlife

Wildlife Department Punjab, Environment Protection Department and World Wide Fund (WWF) for Nature have developed consensus to work for the protection of wildlife especially 'Urial' in Kala Chitta National Park (Attock). Consensus to this effect was reach
Published 23 Aug, 2017 12:00am
Partly Facetious : What are these SOPs?

Partly Facetious : What are these SOPs?

"I can't believe this Election Commission of Pakistan (ECP). I mean after all that Mian sahib claims he has done for this country and it's not even letting the party that he gave his name to and painstakingly transformed into the largest party in the coun
Published 23 Aug, 2017 12:00am
Sindh government bans cattle markets within city limits

Sindh government bans cattle markets within city limits

The Sindh Government has imposed ban on establishment of cattle markets within the local limits/jurisdiction of the Karachi Division except at Superhighway, Malir 15 Asoo Goth, Cattle Mandi Landhi, Rice Godown Landhi Near Babar Market, Hamdard University
Published 23 Aug, 2017 12:00am
13th Health Asia & Pharma Asia exhibition kicks off at Expo Centre

13th Health Asia & Pharma Asia exhibition kicks off at Expo Centre

Sindh Governor Muhammad Zubair has said that positive impact of the CPEC on all segment of the economy is being witnessed. Speaking at the inaugural ceremony of the 13th Health Asia & Pharma Asia 2017 International Exhibition and Conferences at the Karach
Published 23 Aug, 2017 12:00am
Rain causes power breakdown, disrupts water supply in Hyderabad

Rain causes power breakdown, disrupts water supply in Hyderabad

The Deputy Commissioner Hyderabad Dr Saleem Rajput set the task for concerned departments to drain out the rainwater within 24 hours from low lying areas and important public places of the district. The district administration, therefore, has started effo
Published 23 Aug, 2017 12:00am
AC grants one-time exemption to Dr Asim from appearance

AC grants one-time exemption to Dr Asim from appearance

An accountability court on Tuesday granted one time exemption to former Petroleum minister and Pakistan Peoples Party leader Dr Asim Hussain from appearance in two corruption references. The accountability court heard two corruption references against Dr
Published 23 Aug, 2017 12:00am
Scattered rain, thunderstorm likely across up-country

Scattered rain, thunderstorm likely across up-country

The Met Office on Wednesday said that scattered rain-thunderstorm is expected across upcountry in the next 24 hours. Rains are likely to shower Rawalpindi, Lahore, Gujranwala, Faisalabad Sargodha, Malakand, Hazara, Peshawar, Kohat and Mardan Divisions, be
Published 23 Aug, 2017 12:00am
Interim order against 'anti-NAB' law to continue, observes SHC

Interim order against 'anti-NAB' law to continue, observes SHC

The Sindh High Court (SHC) reiterated on Tuesday its earlier interim order directing the National Accountability Bureau (NAB) to continue its investigations in the province despite a provincial law on the contrary. The SHC, hearing a petition by oppositio
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
'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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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