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Nov 28, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-08-26
Retailers wilt on Amazon threat as FTSE inches lower

Retailers wilt on Amazon threat as FTSE inches lower

Britain's leading share index edged lower on Friday as strength in banks and energy firms was not enough to offset a drop in retailers, which fell back as concern over competition from Amazon reared its head again. Britain's FTSE 100 ended the week 0.1 pe
Published 26 Aug, 2017 12:00am
Dollar supported in Asia as spotlight falls on monetary policy

Dollar supported in Asia as spotlight falls on monetary policy

The dollar was buoyant against the yen on Friday as some participants bought back the currency to square positions ahead of a meeting of central bankers in Jackson Hole, Wyoming. While Federal Reserve Chair Janet Yellen and European Central Bank President
Published 26 Aug, 2017 12:00am
Dollar mixed in Europe before Jackson Hole speeches

Dollar mixed in Europe before Jackson Hole speeches

The dollar gained against the yen but inched down against the euro on Friday, as traders cleared the decks for speeches by Federal Reserve chief Janet Yellen and her euro zone counterpart Mario Draghi at a central bank meeting in Jackson Hole, Wyoming. A
Published 26 Aug, 2017 12:00am
Early trade in New York: dollar slides against euro, yen

Early trade in New York: dollar slides against euro, yen

The dollar fell to a three-week low against the euro and a one-week trough versus the yen on Friday after Federal Reserve Chair Janet Yellen made no reference to US monetary policy in her speech at the annual central bank research conference in Jackson Ho
Published 26 Aug, 2017 12:00am
Dollar rises broadly in New York

Dollar rises broadly in New York

The dollar edged higher on Thursday after another politically-driven slide against the euro and yen the previous session, as investors shifted focus away from government tension in Washington to an upcoming globaal central bankers' gathering But the dolla
Published 26 Aug, 2017 12:00am
Sri Lankan rupee ends lower

Sri Lankan rupee ends lower

The Sri Lankan rupee closed slightly weaker on Friday as importer demand for the US currency surpassed exporteer dollar sales, dealers said. The spot rupee ended at 152.95/153.00 per dollar, compared with Thursday's close of 152.90/95. "There was bit of a
Published 26 Aug, 2017 12:00am
Most Asian currencies set to end the week with gains
Exchange

Most Asian currencies set to end the week with gains

Asian currencies were mostly steady on Friday as investors cautiously awaited a global central bank conference, but most regional units were poised to end the week with solid gains. The South Korean won was up nearly 1 percent for the week as tensions on
Published 26 Aug, 2017 12:00am
China's yuan weakens

China's yuan weakens

China's yuan eased against the US dollar on Friday on slightly heavier corporate demand for the greenback, but losses were capped as market participants awaited a central bankers' conference for clues on further US monetary tightening. The Chinese currenc
Published 26 Aug, 2017 12:00am
Sterling bounces after Yellen speech though outlook bleak

Sterling bounces after Yellen speech though outlook bleak

Sterling jumped on Friday to its highest level in four days after Federal Reserve Chair Janet Yellen made no reference to US monetary policy in her speech, though analysts warned the outlook remained bleak for the British currency.
Published 26 Aug, 2017 12:00am
Kiwi posts worst week in four months, Aussie muted

Kiwi posts worst week in four months, Aussie muted

The New Zealand dollar hovered near two-month lows on Friday and was on track for its worst weekly performance since end-April, while its Australian counterpart had another lacklustre week. The New Zealand dollar stood at $0.7209, not far from the previou
Published 26 Aug, 2017 12:00am
Badminton Championships: Japanese top seeds survive doubles scare

Badminton Championships: Japanese top seeds survive doubles scare

Top seeds Misaki Matsutomo and Ayaka Takahashi survived a real scare in the quarter-finals of the women's doubles at the World Badminton Championships in Glasgow on Friday. The Japanese pair looked to be on course for an easy win when they took the first
Published 26 Aug, 2017 12:00am
Radwanska, Cibulkova reach New Haven semis

Radwanska, Cibulkova reach New Haven semis

Top seeds Agnieszka Radwanska and Dominika Cibulkova booked their semi-final berths Thursday at the WTA hardcourt tournament in New Haven, the final tuneup for the US Open. Poland's Radwanska, the defending champion, defeated eighth-seeded Peng Shuai of C
Published 26 Aug, 2017 12:00am
Gabriel stars as West Indies stun England

Gabriel stars as West Indies stun England

Shannon Gabriel led a much-improved West Indies bowling effort as England struggled to 156 for six at tea and were dismissed for 258 after winning the toss on the first day of the second Test against the West Indies at Headingley on Friday. West Indies we
Published 26 Aug, 2017 12:00am
Southeast Asian Games: 'Little Mermaid' splashes to seven golds

Southeast Asian Games: 'Little Mermaid' splashes to seven golds

Vietnam's "Little Mermaid" Nguyen Thi Anh Vien clinched a swimming double to reach seven golds at the Southeast Asian Games on Friday, helping her country stay on Malaysia's tail on the overall medals table. The shy 20-year-old won the women's 200m indivi
Published 26 Aug, 2017 12:00am
Tamim 'proud' of World XI call-up in Pakistan

Tamim 'proud' of World XI call-up in Pakistan

Bangladesh opening batsman Tamim Iqbal said Friday he is proud to be part of the World XI team that will play three Twenty20 matches in Pakistan next month as part of an effort to revive cricket in the trouble-torn country. Pakistan Cricket Board (PCB) ch
Published 26 Aug, 2017 12:00am
Farah ends track career in style, Gatlin slumps

Farah ends track career in style, Gatlin slumps

Four-time Olympic champion Mo Farah ended his track career in thrilling fashion on Thursday with victory in the 5,000m at the Diamond League final in Zurich while world 100m champion Justin Gatlin slumped to defeat. The 34-year-old Farah, also a six-time
Published 26 Aug, 2017 12:00am
Flower wants Pakistan fans to 'see their heroes'

Flower wants Pakistan fans to 'see their heroes'

World XI coach Andy Flower is looking forward to being involved in a series that enables Pakistan fans to "see their heroes" after years of being "starved" of international cricket, he told AFP on Friday. The former Zimbabwe batsman and ex-England coach w
Published 26 Aug, 2017 12:00am
Tharanga handed two-ODI ban

Tharanga handed two-ODI ban

Sri Lanka limited-overs captain Upul Tharanga was Friday handed a two-match ban for a slow over-rate offence during his side's second straight loss to India in the ongoing one-day series. Middle-order batsman Chamara Kapugedara will lead the hosts in the
Published 26 Aug, 2017 12:00am
DIK, Bannu advance in KP Inter-District Football Championship

DIK, Bannu advance in KP Inter-District Football Championship

Dera Ismail Khan and Bannu recorded victories against their respective rivals in the ongoing Khyber Pakhtunkhwa Inter-District Football Championship being played here at Sumbal Khan Football Ground, Qayyum Sports Complex on Friday. International footballe
Published 26 Aug, 2017 12:00am
Hafeez, Kamran, Wahab out as squad for World XI series announced

Hafeez, Kamran, Wahab out as squad for World XI series announced

Pakistan left out experienced allrounder Mohammad Hafeez and mis-firing opener Kamran Akmal from the 16-man squad for the three-match Twenty20 series against a World XI next month. Also out from that squad are Sohail Tanveer and Wahab Riaz. The series, to
Published 26 Aug, 2017 12:00am
Japan hits nuclear-armed North Korea with fresh sanctions

Japan hits nuclear-armed North Korea with fresh sanctions

Japan said Friday it will impose fresh sanctions on North Korea by freezing the assets of Chinese and Namibian firms doing business with the nuclear-armed state. The move against a half dozen organisations and a couple of individuals comes days after Wash
Published 26 Aug, 2017 12:00am
At least 17 die in Russia as bus plunges into sea

At least 17 die in Russia as bus plunges into sea

At least 17 people died in southern Russia on Friday after a bus carrying construction workers veered off a pier and plunged into the Black Sea. The bus was carrying people from their shift constructing the jetty for the Tamanneftegaz oil company in the p
Published 26 Aug, 2017 12:00am
Children among 14 dead in new air strike in Sanaa

Children among 14 dead in new air strike in Sanaa

Children were among at least 14 people killed in an air strike that toppled residential blocks in Yemen's capital Sanaa on Friday, witnesses and medics said. The attack was the latest in a wave of deadly raids on residential areas of Yemen blamed on a Sau
Published 26 Aug, 2017 12:00am
US won't pull back from South China Sea operations: general

US won't pull back from South China Sea operations: general

An American general insisted Friday the United States would not pull back from operations in the disputed South China Sea to combat Beijing's territorial claims despite a series of accidents involving US warships. General Terrence O'Shaughnessy, Pacific A
Published 26 Aug, 2017 12:00am
Hungary recalls Dutch envoy in diplomatic spat

Hungary recalls Dutch envoy in diplomatic spat

Budapest has recalled its ambassador in The Hague after the Dutch envoy to Hungary accused Prime Minister Viktor Orban's government of using tactics similar to Islamist terrorists, state media reported Friday. The controversial remarks drew the wrath of H
Published 26 Aug, 2017 12:00am
Iraqi forces zero in on IS-held citadel of Tal Afar

Iraqi forces zero in on IS-held citadel of Tal Afar

Iraqi forces and pro-government paramilitary units said Friday their sights are on the jihadist-held citadel in the centre of Tal Afar after recapturing several districts from the Islamist State group. "The Iraqi flag has been hoisted in Al-Nasr district,
Published 26 Aug, 2017 12:00am
Maduro calls for military loyalty after US threat

Maduro calls for military loyalty after US threat

Venezuelan President Nicolas Maduro on Thursday warned the armed forces in his crisis-hit country against "fissures" in their ranks, ahead of war games seen as a show of strength after US President Donald Trump's threat of military action. Maduro launched
Published 26 Aug, 2017 12:00am
Taiwan ex-leader Ma found not guilty in leaks case

Taiwan ex-leader Ma found not guilty in leaks case

A Taiwanese court Friday found former president Ma Ying-jeou not guilty in a political leaks case, his second acquittal in a raft of lawsuits brought against him since he stepped down last year. Ma was cleared of charges of leaking secrets and instructing
Published 26 Aug, 2017 12:00am
Turkey dismisses over 900 public sector workers: decree

Turkey dismisses over 900 public sector workers: decree

Turkey has dismissed over 900 public sector officials in the latest wave of the purge that followed last year's failed coup, according to an emergency decree published Friday. A second decree said Turkey's National Intelligence Organisation (MIT), which w
Published 26 Aug, 2017 12:00am
'Disaster' looms as Hurricane Harvey bears down on Texas

'Disaster' looms as Hurricane Harvey bears down on Texas

Hundreds of thousands of people on the US Gulf Coast were urged to flee the path of Hurricane Harvey Friday as Texas and Louisiana braced for "catastrophic" flooding from the powerful category two storm barreling in to shore. Roaring towards land with win
Published 26 Aug, 2017 12:00am
'Very big gap' ahead of Brexit talks: EU official

'Very big gap' ahead of Brexit talks: EU official

Britain and the EU are very far apart on the main issues just days ahead of crunch Brexit talks, EU officials said Friday, blaming London's "lack of substance" for holding up progress. The two sides are due to hold a third round of negotiations next week
Published 26 Aug, 2017 12:00am
Cotton falls as crop damage worries fade
Cotton

Cotton falls as crop damage worries fade

ICE cotton fell on Friday, after hitting an over two-week high earlier in the session, and snapped six straight sessions of gains as concerns of crop damage due to Hurricane Harvey faded in top US producing regions. "The track of Harvey was changed from g
Published 26 Aug, 2017 12:00am
Shanghai copper rises
Exchange

Shanghai copper rises

The most-traded copper contract on the Shanghai Futures Exchange rose 2 percent to close at 52,770 yuan ($7,917.84) a tonne on Friday, after peaking at 52,840 yuan intraday, its loftiest since March 2013. Shanghai aluminium futures rose 0.4 percent to 16,
Published 26 Aug, 2017 12:00am
Copper retreats from November 2014 peak ahead of long weekend
Exchange

Copper retreats from November 2014 peak ahead of long weekend

Copper futures retreated from their highest levels in 33 months on Friday as investors locked in profits from a rally and adjusted positions before a long weekend. "I think we're seeing some profit-taking and book-squaring ahead of the holiday weekend," a
Published 26 Aug, 2017 12:00am
Oil rises as dollar drops, US Gulf Coast braces for hurricane

Oil rises as dollar drops, US Gulf Coast braces for hurricane

Oil prices rose nearly 1 percent on Friday as the dollar fell and the US Gulf Coast braced for Hurricane Harvey, which could become the biggest storm to hit the United States mainland in more than a decade. The dollar, in which oil is priced, fell after F
Published 26 Aug, 2017 12:00am
Rubber rises
Exchange

Rubber rises

Benchmark Tokyo rubber futures rose on Friday, closing at their highest level in three months, helped by a firmer Shanghai futures and fresh buys from some funds. The Tokyo Commodity Exchange (TOCOM) rubber contract for January delivery finished 2.6 yen,
Published 26 Aug, 2017 12:00am
Raw sugar turns lower as short-covering rally stalls

Raw sugar turns lower as short-covering rally stalls

Raw sugar futures on ICE turned lower on Friday as a short-covering rally ran out of steam while coffee and cocoa prices edged higher. London-based white sugar, robusta coffee and cocoa contracts will be shut on Monday for a public holiday in Britain.
Published 26 Aug, 2017 12:00am
Gold eases in New York

Gold eases in New York

Gold prices drifted lower on Thursday, pressured by a firmer dollar as investors awaited cues on further interest rate hikes from central bankers meeting in Jackson Hole this week. Losses were limited, however, after a threat by US President Donald Trump
Published 26 Aug, 2017 12:00am
Gold unchanged in Asia

Gold unchanged in Asia

Gold prices were mostly unchanged on Friday, with investors waiting for cues from speeches by US Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi at a gathering of central bankers in the United States. Spot gold was unch
Published 26 Aug, 2017 12:00am
Gold steadies in European trade

Gold steadies in European trade

Gold steadied on Friday before speeches by US Federal Reserve Chair Janet Yellen and European Central Bank President Mario Draghi that were expected to give more clues on monetary policy. Gold is highly sensitive to rising interest rates, as these increas
Published 26 Aug, 2017 12:00am
US MIDDAY: corn falls

US MIDDAY: corn falls

Chicago Board of Trade corn futures fell to contract lows on Friday, pressured by technical selling and abundant global grain supplies ahead of another bumper US harvest, traders and analysts said. Soyabean futures also eased, declining from Thursday's tw
Published 26 Aug, 2017 12:00am
US MIDDAY: gold moves up after Yellen speech

US MIDDAY: gold moves up after Yellen speech

Gold firmed on Friday after US Federal Reserve Chair Janet Yellen made no mention of monetary policy in her much-anticipated speech, while investors awaited clues from European Central Bank President Mario Draghi. US short-term interest rate futures rose
Published 26 Aug, 2017 12:00am
Dar greets National Savings on winning global award

Dar greets National Savings on winning global award

Finance Minister, Senator Mohammad Ishaq Dar has felicitated National Savings on being honoured with award for "Outstanding Contribution to Financial Inclusion Pakistan 2017" by the prestigious CFI.co Magazine Awards Programme, UK.
Published 26 Aug, 2017 12:00am
Pakistan's yearly wheat consumption 26.19 tons, Senate informed

Pakistan's yearly wheat consumption 26.19 tons, Senate informed

The Upper House of Parliament was informed on Friday that average consumption of wheat in the country on an annual basis is approximately 26.19 million tons. The House was informed during the question hour that Punjab was at the top with consumption of 13
Published 26 Aug, 2017 12:00am
Punjab Judicial Academy delegates visit KP Judicial Academy

Punjab Judicial Academy delegates visit KP Judicial Academy

Second 15-member delegation of Punjab Judicial Academy Lahore visited KP Judicial Academy Peshawar here on Friday. The delegation was headed by the Director Administration, Punjab Judicial Academy , Chaudry Muhammad Saleem and other members of the delegat
Published 26 Aug, 2017 12:00am
Over-charging: ITP deploys special squads at bus, wagon stands

Over-charging: ITP deploys special squads at bus, wagon stands

Various special squads of Islamabad Traffic Police (ITP) have been constituted to monitor the bus & wagon stands in the capital city and impose fine upon those transporters who would be found involved in overloading and charging extra fares to the passeng
Published 26 Aug, 2017 12:00am
FIA arrests two persons on charges of fraud

FIA arrests two persons on charges of fraud

Federal Investigation Agency (FIA) Friday arrested two persons on charges of fraud while offering fake job in China-Pakistan Economic Corridor (CPEC) to a university professor and taking a huge amount from him as a processing fee for the job. An official
Published 26 Aug, 2017 12:00am
'Pakistan can cultivate tea on 64,000 hectares in KP, Azad Kashmir'

'Pakistan can cultivate tea on 64,000 hectares in KP, Azad Kashmir'

Pakistan can overcome its tea import bill that now stands at around Rs 50 billion per annum if the crop is cultivated on 64,000 hectares of land found suitable for it in Khyber Pakhtunkhwa and Azad Jammu and Kashmir. Dr Farukh Siyar Hamid, Director Nation
Published 26 Aug, 2017 12:00am
Rangers nab four said to be behind targeted killings

Rangers nab four said to be behind targeted killings

Rangers conducted a targeted operation in Karachi on Thursday night and arrested at least four target killers. According to details, rangers carried out the targeted operation at Jahangir Road in Karachi and arrested four target killers belonging to the m
Published 26 Aug, 2017 12:00am
Ahsan pays surprise visit to Aabpara police station

Ahsan pays surprise visit to Aabpara police station

Interior Minister Ahsan Iqbal carried out a surprised visit of Aabpara Police station here on Friday. The interior minister listened the grievances of citizens there and issued directions to address there issues. "The police are bound to perform due role
Published 26 Aug, 2017 12:00am
KP to commercially launch five SEZs by financial year's end

KP to commercially launch five SEZs by financial year's end

Khyber Pakhtunkhwa Economic Zones Development and Management Company (KPEZDMC) has said that land for the establishment of Special Economic Zones (SEZs) D.I.Khan, Nowshera, Chitral, Bannu and Buner has been acquired and commercial launching of these zones
Published 26 Aug, 2017 12:00am
Call for mass multi-sectoral efforts against malnutrition

Call for mass multi-sectoral efforts against malnutrition

Health and nutrition experts have stressed need for mass multi-sectoral efforts to create awareness against malnutrition in Khyber Pakhtunkhwa. They were addressing an awareness and sensitization session for print and electronic media in Khyber Pakhtunkhw
Published 26 Aug, 2017 12:00am
Tourism department spending Rs 2.5 billion in Naran, Kalam

Tourism department spending Rs 2.5 billion in Naran, Kalam

The Tourism Department is spending Rs 2.5 billion on beautification and infrastructure development projects in the scenic Naran and Kalam valleys of Khyber Pakhtunkhwa to facilitate tourists. Speaking at a meeting, Secretary Sports, Tourism, Museums, Arch
Published 26 Aug, 2017 12:00am
PTI dissident moves motion against KP CM

PTI dissident moves motion against KP CM

PTI dissident Member of Khyber Pakhtunkhwa Assembly, Ziaullah Afridi has submitted resolution in the Provincial Assembly Secretariat for asking Ehtesab Commission for taking against the government functionaries including Chief Minister Pervez Khattak in i
Published 26 Aug, 2017 12:00am
KP government asked to establish dengue cells across province

KP government asked to establish dengue cells across province

The Peshawar High Court (PHC) on Friday ordered the government of Khyber Pakhtunkhwa to establish dengue cells in hospitals across the province against the outbreak. The court also ordered DG Health Khyber Pakhtunkhwa to submit report pertaining to the de
Published 26 Aug, 2017 12:00am
NDMA, LEAD ink MoU on disaster-risk reduction
Exchange

NDMA, LEAD ink MoU on disaster-risk reduction

The National Disaster Management Authority (NDMA) and Leadership for Environment and Development (LEAD) have inked a memorandum of understanding (MoU) on disaster risk reduction (DRR) and climate change adaptation for vulnerable population. Chairman NDMA
Published 26 Aug, 2017 12:00am
ANF arrests 20 drug suppliers to academic institutions

ANF arrests 20 drug suppliers to academic institutions

The Anti-Narcotics Force (ANF) in its focused drive to apprehend drug suppliers to students of academic institutions across the country has arrested 20 persons including a woman and recovered 6.4 kg drugs worth Rs 7 million. The recovered drugs include 6.
Published 26 Aug, 2017 12:00am
APBF urges government to take steps to raise exports, reduce import

APBF urges government to take steps to raise exports, reduce import

All Pakistan Business Forum (APBF) has urged the government to take concrete measures that would facilitate a significant increase in exports from Pakistan and reduce the volume of imports that lead to a big trade-deficit. The government must provide more
Published 26 Aug, 2017 12:00am
UVAS, Four Brothers Group sign MoU

UVAS, Four Brothers Group sign MoU

The University of Veterinary and Animal Sciences (UVAS) Lahore and Four Brothers Group (Agriculture Division) signed a memorandum of understanding (MoU) to check the bio equivalency of locally marketed product of 4B Group to enhance the results and qualit
Published 26 Aug, 2017 12:00am
Shahbaz for gratefully closing US aid chapter

Shahbaz for gratefully closing US aid chapter

Chief Minister Punjab, Muhammad Shahbaz Sharif Friday said, "It is time for Pakistan to politely and gratefully close the chapter on US assistance so that the bilateral relationship can be freed from the shadow of continuously repeated the contemptuous ta
Published 26 Aug, 2017 12:00am
Two killed as roof of factory collapses

Two killed as roof of factory collapses

At least two young laborers were killed and another injured when the roof of a paint making factory accidentally collapsed on Outfall Road, police said on Friday. The deceased were identified as Falak Sher, 13, and Hamza, 14, who were working on the roof
Published 26 Aug, 2017 12:00am
Officers' capacity-building: Azad Kashmir government seeks Punjab's help

Officers' capacity-building: Azad Kashmir government seeks Punjab's help

Azad Jammu & Kashmir government has sought the Punjab government's help in capacity-building of its employees. Additional Chief Secretary Punjab Shamail Ahmad Khawaja and Additional Chief Secretary Azad Jammu & Kashmir Farhat Ali Meer held a meeting on Fr
Published 26 Aug, 2017 12:00am
Temperature drops after heavy rain in central Punjab

Temperature drops after heavy rain in central Punjab

As the monsoon currents are penetrating upper parts of the country, a much needed good spell of rain over central Punjab on Friday dropped the maximum temperature between 27 degree Celsius and 31 degree giving much relief to the people hit by hot and humi
Published 26 Aug, 2017 12:00am
PPP for deployment of army in NA-120 by-poll

PPP for deployment of army in NA-120 by-poll

The PPP candidate in NA-120 Faisal Mir said the PML-N has engaged goons and gangsters from all across the Punjab to harass voters therefore the PPP would soon demand deployment of army in the constituency. He was addressing a press conference here on Frid
Published 26 Aug, 2017 12:00am
Youth must be equipped with necessary skills: FCCI
Exchange

Youth must be equipped with necessary skills: FCCI

Vice President Faisalabad Chamber of Commerce & Industry (FCCI) and Chairman Board of Management (BoM) of Punjab Vocational Training Council Faisalabad, Engineer Ahmed Hassan said that private sector should also supplement the efforts of public sector ins
Published 26 Aug, 2017 12:00am
Punjab government to engage private sector in policymaking

Punjab government to engage private sector in policymaking

The Punjab government has decided to actively engage private sector/businesses in policy making and economic reforms in the province. This was stated by Chairman Planning & Development Muhammad Jahanzeb Khan while chairing second meeting of Public-Private
Published 26 Aug, 2017 12:00am
Minister pays surprise visit to THQ hospital

Minister pays surprise visit to THQ hospital

Punjab Minister for Primary & Secondary Health, Khawaja Imran Nazir paid a surprise visit to Tehsil Headquarter Hospital Raiwind on Friday and reviewed the available facilities at the emergency department, pharmacy, medical stores and wards. He also inspe
Published 26 Aug, 2017 12:00am
738 dengue cases, five deaths reported in KP so far: NIH

738 dengue cases, five deaths reported in KP so far: NIH

National Institute of Health (NIH) on Friday said that total 738 dengue cases have been reported so far from Khyber Pakhtunkhwa (KP) during the year. According to an official of NIH, five deaths have been reported and in total 706 cases were reported from
Published 26 Aug, 2017 12:00am
Meezan Bank, CDC launch e-IPO facility for customers
Exchange

Meezan Bank, CDC launch e-IPO facility for customers

Meezan Bank, Pakistan's first and largest Islamic bank has successfully launched electronic-Initial Public Offering (e-IPO) subscription facility to its customers through a joint venture with the Central Depository Company (CDC), the sole securities depos
Published 26 Aug, 2017 12:00am
Three children crushed to death in Muzaffargarh

Three children crushed to death in Muzaffargarh

Three children were crushed to death by an over speeding trailer here on Friday. Police said that an over speeding trailer ran over three children in Khanpur Bagga Sher area of Muzaffargarh. All the three children died on the spot in the accident and the
Published 26 Aug, 2017 12:00am
Man seeks government's help against land mafia

Man seeks government's help against land mafia

One Nazir Ahmed of Hasanabad, Darya Khan tehsil seeks government's protection from the police and land mafia who have connived to grab his family's land. Nazir Ahmed alleged that the police have implicated him and his family members in fake cases at the b
Published 26 Aug, 2017 12:00am
Model Town Report: LHC seeks reply from Punjab government

Model Town Report: LHC seeks reply from Punjab government

The Lahore High Court on Friday sought reply from Punjab government by September 12 in a petition filed by families of Model Town incident's victims for the release of a judicial inquiry report into killing of Pakistan Awami Tehreek's workers.
Published 26 Aug, 2017 12:00am
LHC restrains medical colleges from collecting additional fee

LHC restrains medical colleges from collecting additional fee

The Lahore High Court on Friday granted stay to the students having dual nationality against collection of additional fee by public sector medical and dental colleges and sought reply from the Punjab government by fortnightly.
Published 26 Aug, 2017 12:00am
International children's film festival begins at SU

International children's film festival begins at SU

Third International Children's Film Festival 2017 was opened on Friday at a ceremony held at Institute of Art & Design, University of Sindh Jamshoro. Two-day festival has been organized by the institute in collaboration with The Little Art, a Lahore-based
Published 26 Aug, 2017 12:00am
Hot and humid likely in next 24 hours

Hot and humid likely in next 24 hours

The Met Office on Friday forecast mainly hot and humid weather for the most parts of the country in the next 24 hours. However, it said, an isolated rain-thunderstorm is expected in D G Khan Division, Kashmir and Gilgit-Baltistan over the period.
Published 26 Aug, 2017 12:00am
Imran turns his guns on Zardari in Sukkur rally

Imran turns his guns on Zardari in Sukkur rally

The PTI Chairman Imran Khan turned his guns towards PPP co-chairman and former president Asif Ali Zardari on Friday. Addressing a large public gathering in Sukkur, Imran paid tribute to the crowd and praised them for showing up in huge numbers despite the
Published 26 Aug, 2017 12:00am
Telecom imports up

Telecom imports up

Pakistan's telecom imports soared to $114.015 million in July 2017 - the first month of new fiscal year 2018, up by 54 percent, official figures say. Increase in telecom imports now came to the tune of $39.753 million in July 2017 from $74.262 million in
Published 26 Aug, 2017 12:00am
EFP chief meets ILO Better Work's team

EFP chief meets ILO Better Work's team

"Pakistani readymade garments manufacturers are ready and willing to participate in the ILO Better Work programme and geared up to meet the requirements in order to enhance their exports and transform their units to comply with all conditionalities. Emplo
Published 26 Aug, 2017 12:00am
Resolving SMEs issues will help in growth of economy: Ateeq

Resolving SMEs issues will help in growth of economy: Ateeq

Prominent businessman and SME representative Ateeq Ur Rehman has pointed out few major hurdles being faced by the local small and medium enterprises (SMEs) which, he said, needed urgent attention of the relevant higher authorities.
Published 26 Aug, 2017 12:00am
Summit Bank's authorized capital to be raised to Rs 28 billion
Exchange

Summit Bank's authorized capital to be raised to Rs 28 billion

The board of directors of Summit Bank has approved the increase in the authorized capital of the bank from Rs 25 billion to Rs 28 billion, subject to the approval of the regulatory authorities and the shareholders of the bank. The board further approved t
Published 26 Aug, 2017 12:00am
PIA starting three weekly flights to Bangkok from September 16

PIA starting three weekly flights to Bangkok from September 16

Pakistan International Airlines (PIA) is going to commence three weekly flights from Karachi to Bangkok, Thailand from Sep 16, 2017. According to official details, this announcement was made at PIA head office on Friday after completing all formalities. T
Published 26 Aug, 2017 12:00am
Five of a family killed in road accident

Five of a family killed in road accident

Five member the same family including three women were killed and two others were wounded when an ambulance collided with a tractor trolley near Fakhar Town area in Depalpur on Friday. According to details, the ill-fated ambulance was carrying a patient t
Published 26 Aug, 2017 12:00am
Amateur drivers prone to mishaps, a threat to others' lives: KCCI

Amateur drivers prone to mishaps, a threat to others' lives: KCCI

The traffic chaos being witnessed on the streets of Karachi is mainly due to sheer violation of traffic rules by the citizens themselves who recklessly drive on the streets of Karachi without a valid driving license. As a matter of fact citizens alone can
Published 26 Aug, 2017 12:00am
KE shares customer engagement model with PITC, other DISCOs

KE shares customer engagement model with PITC, other DISCOs

A delegation comprising representatives of PITC, IESCO, Lesco and Hesco visited K-Electric's state-of-the-art contact centre to study KE's customer engagement model. Power Information Technology Company (PITC) is an autonomous body providing ICT related s
Published 26 Aug, 2017 12:00am
PA & AS: Audit, accounts welfare fund to be established

PA & AS: Audit, accounts welfare fund to be established

The Sindh chapter of Pakistan Audit and Accounts Services Association (PA & AS) has resolved to all available options to maintain sanctity of the association. In a meeting here on Thursday, the PA & AS office bearers discussed various options and challeng
Published 26 Aug, 2017 12:00am
Bank Alfalah bags two consumer choice awards

Bank Alfalah bags two consumer choice awards

Cementing its standing as the customers' first preference, Pakistan's leading banking institution, Bank Alfalah has been recognized for its innovative cards services at the 12th Annual Consumer Choice Awards held by the Consumer Association of Pakistan. B
Published 26 Aug, 2017 12:00am
Silkbank continues growth ascend

Silkbank continues growth ascend

The Board of Directors of Silkbank Limited in their meeting held on August 24, 2017 declared an Operating Profit of Rs 887 million, with a Profit after tax of Rs 478.3 million for the Half Year ended June 30, 2017 reflecting a growth of 39% as compared to
Published 26 Aug, 2017 12:00am
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