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Nov 17, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-10-01
Poland to roll out mobile phone ID cards in 2018

Poland to roll out mobile phone ID cards in 2018

Polish citizens will be able to carry around electronic versions of their ID cards on their mobile phones starting next year, Digital Minister Anna Strezynska said Friday. "I hope that Poles, who are known in Europe for their open-mindedness regarding new
Published 01 Oct, 2017 12:00am
Vietnam economy grows, boosted by exports

Vietnam economy grows, boosted by exports

Vietnam's economy surged more than seven percent in the third quarter according to data Friday, but officials warned the communist country may still fall short of its annual target. Communist Vietnam has been one of the region's best performing economies
Published 01 Oct, 2017 12:00am
Greek bank shares jump as IMF says no need for asset quality check

Greek bank shares jump as IMF says no need for asset quality check

The International Monetary Fund (IMF) on Thursday backed away from a demand for an asset quality check on Greece's banks after a proposal by the European Central Bank to bring forward planned stress tests next year, driving a rebound in the shares.
Published 01 Oct, 2017 12:00am
Greek bank shares jump as IMF says no need for asset quality check

Greek bank shares jump as IMF says no need for asset quality check

The International Monetary Fund (IMF) on Thursday backed away from a demand for an asset quality check on Greece's banks after a proposal by the European Central Bank to bring forward planned stress tests next year, driving a rebound in the shares.
Published 01 Oct, 2017 12:00am
Tesco former executives accused of 'cooking the books'

Tesco former executives accused of 'cooking the books'

Three former top Tesco executives were accused of "cooking the books" to overestimate profits by £250 million (283 million euros, $334 million), prosecutors said at the start of their trial in London on Friday. Tesco, the world's third-biggest supermarket
Published 01 Oct, 2017 12:00am
Former Uber chief names two directors, surprises board
Exchange

Former Uber chief names two directors, surprises board

Former Uber CEO Travis Kalanick on Friday unilaterally appointed two new members to the board of directors in a surprise move that increased tension within the leadership of the popular ride service. Kalanick, who was pressured to resign in June as head o
Published 01 Oct, 2017 12:00am
World Bank in talks with Uzbekistan over reform support
Currency

World Bank in talks with Uzbekistan over reform support

The World Bank is discussing with Uzbekistan the details of support for reforms implemented by President Shavkat Mirziyoyev's government, the global lender said on Saturday. A source close to the government told Reuters on Friday the Central Asian nation
Published 01 Oct, 2017 12:00am
Audi says resolves dispute with former engineer in dieselgate case

Audi says resolves dispute with former engineer in dieselgate case

Audi said it had resolved a legal dispute with a former engineer who sued the carmaker for wrongful dismissal and re-employment after he was fired amid investigations into the diesel emissions scandal. Volkswagen's luxury division admitted in November 201
Published 01 Oct, 2017 12:00am
Japan economic data boost PM ahead of vote

Japan economic data boost PM ahead of vote

A raft of broadly positive economic data gave Japan's Prime Minister Shinzo Abe a boost on Friday, as he kicked off an election campaign in which the health of the world's third-biggest economy will play a major role. Factory output grew more than expecte
Published 01 Oct, 2017 12:00am
Shell takes venture fund into 'explosive' Chinese market

Shell takes venture fund into 'explosive' Chinese market

Royal Dutch Shell is opening the first Chinese office of its venture capital fund and recruiting three local investment staff there to tap a market where it sees "explosive" growth, the head of the business told Reuters on Thursday.
Published 01 Oct, 2017 12:00am
Charity seeks footballers to tackle Vietnamese slave trade

Charity seeks footballers to tackle Vietnamese slave trade

An anti-slavery charity is looking for Premier League footballers to front a campaign to prevent human trafficking, which it says is destroying Vietnam's future. Large numbers of Vietnamese are trafficked abroad every year, predominantly within Asia but a
Published 01 Oct, 2017 12:00am
Brazil's unemployment rate falls for fifth straight month

Brazil's unemployment rate falls for fifth straight month

Brazil's unemployment rate fell more than expected in the three months through August, extending a run of good news in the labour market as economic growth picks up. The jobless rate declined to 12.6 percent from 13.3 percent in the three months through M
Published 01 Oct, 2017 12:00am
S&P keeps Spain's BBB+ debt rating, warns on Catalonia tensions

S&P keeps Spain's BBB+ debt rating, warns on Catalonia tensions

The ratings agency S&P maintained Spain's investment-grade sovereign credit rating Friday, but warned tensions between Madrid and Catalonia could weaken growth prospects if left unchecked. Catalonia is due to hold an independence referendum on Sunday that
Published 01 Oct, 2017 12:00am
S&P keeps Spain's BBB+ debt rating, warns on Catalonia tensions

S&P keeps Spain's BBB+ debt rating, warns on Catalonia tensions

The ratings agency S&P maintained Spain's investment-grade sovereign credit rating Friday, but warned tensions between Madrid and Catalonia could weaken growth prospects if left unchecked. Catalonia is due to hold an independence referendum on Sunday that
Published 01 Oct, 2017 12:00am
Fujairah Shipping targets trade growth despite Gulf tensions

Fujairah Shipping targets trade growth despite Gulf tensions

  • Maritime services company Fujairah National Shipping (FNS) is stepping up investments in the emirate, aiming to benefit from expanding Gulf shipping trade despite tensions in the region and the diplomatic crisis with Qatar, its chief executive said. Fuj
Published 01 Oct, 2017 12:00am
Credit Agricole buys three small Italian banks

Credit Agricole buys three small Italian banks

Italy solved one of its remaining banking headaches on Friday as France's Credit Agricole agreed to take over three small ailing banks for 130 million euros ($153 million). The sale is part of a rescue deal that sees Italy's healthy lenders shoulder the b
Published 01 Oct, 2017 12:00am
US is a 'danger to the world', warns top economist

US is a 'danger to the world', warns top economist

A global push to end poverty and hunger, and combat climate change by 2030 is at risk from American "militarism", powerful business interests and the actions of President Donald Trump, said leading US economist and UN special adviser Jeffrey Sachs. The Co
Published 01 Oct, 2017 12:00am
Palm oil down on European vegetable oils market
Vegetable Oil

Palm oil down on European vegetable oils market

Palm oil on the European vegetable oils market continued to ease on Thursday, tracking weaker rival soyaoil, which also dragged down Malaysian palm oil futures along with a dip in palm olein on China's Dalian Commodity Exchange. Asking prices for palm oil
Published 01 Oct, 2017 12:00am
US natural gas futures up to highest level

US natural gas futures up to highest level

US natural gas futures jumped to their highest level in a week on Thursday on a smaller-than-expected storage build and as the November contract moved into front-month status. The US Energy Information Administration said utilities added 58 billion cubic
Published 01 Oct, 2017 12:00am
Weather mostly good for Ivory Coast's cocoa main crop

Weather mostly good for Ivory Coast's cocoa main crop

The size and quality of Ivory Coast's cocoa main crop will be boosted by last week's mixture of sunshine and rain in primary cocoa-growing regions, farmers said on Monday, though too much rain has caused black pod disease to spread in other areas. Harvest
Published 01 Oct, 2017 12:00am
US FOB Gulf soyabean bids higher on strong demand

US FOB Gulf soyabean bids higher on strong demand

Basis bids for soyabean barges shipped to the US Gulf Coast were mostly higher on Thursday, supported by strong export demand and tight supplies of export-grade beans at the Gulf, traders said. Soyabean export premiums were firmer amid strong demand, nota
Published 01 Oct, 2017 12:00am
Coffee markets stay muted in Vietnam, Indonesia on low supply

Coffee markets stay muted in Vietnam, Indonesia on low supply

Asian coffee markets remained subdued this week due to low supplies at the end the crop season in Vietnam and the harvest period in Indonesia, traders said on Thursday. In line with a drop in London prices, domestic coffee prices in Vietnam's Daklak provi
Published 01 Oct, 2017 12:00am
Euronext wheat futures edge lower

Euronext wheat futures edge lower

Euronext wheat futures edged lower on Thursday after their recent rally ran out of steam with traders awaiting U.S crop data. December milling wheat on Paris-based Euronext settled down 0.50 euros, or 0.3 percent, at 166.50 euros ($196.14) a tonne, after
Published 01 Oct, 2017 12:00am
Brazil's center-south to raise cane output in 2018-2019

Brazil's center-south to raise cane output in 2018-2019

Brazil's center-south region should increase cane production in the next season, due to better crop care and wider renovation of cane fields, consultancy Agroconsult said on Tuesday. It said in a preliminary projection for the 2018/2019 crop year that mil
Published 01 Oct, 2017 12:00am
Rice prices fall in India and Thailand
Currency

Rice prices fall in India and Thailand

Rice prices dipped this week in the Asian hubs of India and Thailand, but prospects of new deals with flood-ravaged Bangladesh could reinvigorate sluggish markets for the staple grain amongst top exporters in the region. Bangladesh, which has emerged as a
Published 01 Oct, 2017 12:00am
Hong Kong Exchange Fund assets HK$3.91 trillion end-August
Currency

Hong Kong Exchange Fund assets HK$3.91 trillion end-August

Assets at the Exchange Fund, which is used to back the Hong Kong dollar, totalled HK$3,912.4 billion ($501.01 billion) at the end of August, the Hong Kong Monetary Authority (HKMA) said on Friday. The figure was HK$0.2 billion higher than the total at the
Published 01 Oct, 2017 12:00am
Canadian dollar weakens as prospects dim on rate hike
Currency

Canadian dollar weakens as prospects dim on rate hike

The Canadian dollar weakened against the greenback on Friday after domestic data showed the economy stalled in July, further dampening prospects of a another interest rate hike by the Bank of Canada next month. Speculators have raised bullish bets on the
Published 01 Oct, 2017 12:00am
Global banks sharpen focus on yuan offerings
Currency

Global banks sharpen focus on yuan offerings

Global banks including Citigroup and HSBC are boosting their staff and presence for offerings in yuan - from capital market solutions to hedging - as China's drive to build a modern Silk Road fuels demand. The push rides on hopes Chinese President Xi Jinp
Published 01 Oct, 2017 12:00am
Dollar index on track for largest weekly rise of 2017
Currency

Dollar index on track for largest weekly rise of 2017

The dollar was little changed against a basket of major currencies on Friday after conflicting US economic data, leaving it on course for its largest weekly rise in 2017 amid a rise in expectations for inflation and US interest rate hikes. The one-week ri
Published 01 Oct, 2017 12:00am
US exchange withdraws SEC request to list bitcoin fund
Kerb

US exchange withdraws SEC request to list bitcoin fund

An effort to allow investors to trade digital currencies as easily as stocks stumbled when a US exchange withdrew its application for government approval to list a bitcoin fund. Grayscale Investments LLC said Intercontinental Exchange Inc's NYSE Arca exch
Published 01 Oct, 2017 12:00am
Speculators up US dollar net short bets to highest in five years

Speculators up US dollar net short bets to highest in five years

Speculators' net short bets on the US dollar rose to their largest since late September 2012, according to calculations by Reuters and Commodity Futures Trading Commission data released on Friday. The value of the dollar's net short position was $17.36 bi
Published 01 Oct, 2017 12:00am
Royal Bank of Canada using blockchain for US/Canada payments
Currency

Royal Bank of Canada using blockchain for US/Canada payments

Royal Bank of Canada is experimenting with blockchain to help move payments between its US and Canadian banks, one of the bank's senior executives told Reuters on Thursday. Martin Wildberger, RBC's executive vice president for innovation and technology, s
Published 01 Oct, 2017 12:00am
Crypto-currencies can't salvage hedge-fund junkies
Currency

Crypto-currencies can't salvage hedge-fund junkies

Hedge-fund star Mike Novogratz thinks he has crypto-currencies figured out. The one-time manager of Fortress Investment Group's flagship macro fund is pinning his comeback hopes on digital coins. Their volatility is alluring when tranquil markets are depr
Published 01 Oct, 2017 12:00am
Sharapova takes revenge on Sevastova in Beijing
Kerb

Sharapova takes revenge on Sevastova in Beijing

Former world number one Maria Sharapova avenged her US Open loss to Anastasija Sevastova with a 7-6(3) 5-7 7-6(7) victory over the Latvian in the China Open first round on Saturday. The 30-year-old Russian, returning to court for the first time since her
Published 01 Oct, 2017 12:00am
South Africa on top against battling Bangladesh

South Africa on top against battling Bangladesh

Bangladesh had their best day in three Test series in South Africa but could not prevent the hosts from moving into a dominant position on the third day of the first Test at Senwes Park on Saturday. Mominul Haque and Mahmudullah hit half-centuries to enab
Published 01 Oct, 2017 12:00am
PCB disbands selection body, names Bismah new ODI skipper

PCB disbands selection body, names Bismah new ODI skipper

Pakistan Cricket Board (PCB) has disbanded the Women Selection Committee and the process of appointing new members of the committee will be started soon. The decision was taken following a review of the current women cricket structure after a dismal perfo
Published 01 Oct, 2017 12:00am
Hamilton turns tables on Vettel in Malaysia

Hamilton turns tables on Vettel in Malaysia

World championship leader Lewis Hamilton hailed an amazing turnaround Saturday after taking pole for the Malaysian Grand Prix with title rival Sebastian Vettel condemned to the back of the grid. Hamilton had been off the pace all weekend in practice but h
Published 01 Oct, 2017 12:00am
Garcia overpowers Barty to take Wuhan title

Garcia overpowers Barty to take Wuhan title

Caroline Garcia overpowered Australia's Ashleigh Barty 6-7 (3/7), 7-6 (7/4), 6-2 to claim her first Wuhan Open title on Saturday in a thrilling see-saw final in the Chinese city. Ranked 20 in the world, Garcia battled her way through two tight sets agains
Published 01 Oct, 2017 12:00am
England win ODI series 4-0

England win ODI series 4-0

Jonny Bairstow hit an unbeaten century to lead England to a thumping nine-wicket victory over the West Indies in Southampton on Friday, in a low-key fifth and final one-day international overshadowed by the Ben Stokes scandal. Bairstow struck 141 not out
Published 01 Oct, 2017 12:00am
Red hot United rout Palace, Kane stars for Spurs

Red hot United rout Palace, Kane stars for Spurs

Romelu Lukaku extended his hot streak as Manchester United powered to a 4-0 victory against Crystal Palace, while Harry Kane inspired Tottenham's 4-0 demolition of Huddersfield on Saturday. With Manchester City facing champions Chelsea at Stamford Bridge
Published 01 Oct, 2017 12:00am
Azhar defies Sri Lanka; joins 5,000 Test club

Azhar defies Sri Lanka; joins 5,000 Test club

Azhar Ali once more rescued Pakistan's batting with a fighting half century on the third day of the first Test against Sri Lanka in Abu Dhabi on Saturday. The one-drop batsman was unbeaten on 74 but saw Babar Azam fell for 28 in the last over of the day a
Published 01 Oct, 2017 12:00am
SpaceX's Musk unveils plan to reach Mars by 2022

SpaceX's Musk unveils plan to reach Mars by 2022

Futurist and inventor Elon Musk unveiled ambitious plans Friday to send cargo ships to Mars in five years and use rockets to carry people between Earth's major cities in under half-an-hour. The founder of SpaceX said a planned interplanetary transport sys
Published 01 Oct, 2017 12:00am
Catalan leader 'won't give up' as police seal off polling stations

Catalan leader 'won't give up' as police seal off polling stations

Catalan leader Carles Puigdemont said Saturday he and his supporters would not "give up" their rights, speaking on the eve of an independence vote that Madrid has banned and is trying hard to block. By Saturday, the interior ministry said it had sealed mo
Published 01 Oct, 2017 12:00am
Thousands march in Dublin against Irish abortion laws

Thousands march in Dublin against Irish abortion laws

Thousands of demonstrators marched in Dublin on Saturday in favour of liberalising Ireland's tight abortion laws ahead of a planned referendum on the fiercely-debated issue. Protesters chanted, "My body, my choice" and waved placards reading "Not the chur
Published 01 Oct, 2017 12:00am
Smooth moves deemed key for EU agency bidders after Brexit

Smooth moves deemed key for EU agency bidders after Brexit

The fight to host major EU agencies leaving London after Brexit reached a milestone Saturday as Brussels gave its assessment of individual bids, though it stopped short of ranking them. One regulator has warned that the wrong choice could see a mass exodu
Published 01 Oct, 2017 12:00am
Dozens arrested in Sweden as neo-Nazis, anti-fascists clash with police

Dozens arrested in Sweden as neo-Nazis, anti-fascists clash with police

More than 30 people were arrested on Saturday as both neo-Nazis and anti-fascists clashed with police during a march by the extreme right-wing Nordic Resistance Movement (NMR) in the Swedish city of Gothenburg, police said. The NMR gathered hundreds of pe
Published 01 Oct, 2017 12:00am
Two thousand Rohingya mass on Myanmar coast to join exodus

Two thousand Rohingya mass on Myanmar coast to join exodus

More than 2,000 Rohingya have massed along Myanmar's coast this week after trekking from inland villages in Rakhine state to join the refugee exodus to Bangladesh, state media reported Saturday. They follow more than half a million fellow Rohingya who hav
Published 01 Oct, 2017 12:00am
Trump accuses Puerto Ricans of wanting 'everything done for them'

Trump accuses Puerto Ricans of wanting 'everything done for them'

President Donald Trump on Saturday accused Puerto Ricans of wanting "everything to be done for them," even as criticism grew that federal relief efforts amid devastating hurricane damage have fallen desperately short. While much of the US territory remain
Published 01 Oct, 2017 12:00am
Qatar Airways expects Meridiana to be Italy's 'real' national carrier

Qatar Airways expects Meridiana to be Italy's 'real' national carrier

Qatar Airways will back Meridiana to be Italy's top airline, supplying it with wide and narrow bodied jets to help expand its network, the Middle East carrier's chief executive said on Saturday. Qatar Airways announced on Thursday it had acquired a 49 per
Published 01 Oct, 2017 12:00am
Air strikes in Idlib kill 28

Air strikes in Idlib kill 28

Overnight air strikes killed 28 people, including four children, in a village in rebel-held Idlib province, the Syrian Observatory for Human Rights said on Saturday. Rescue workers have said Syria and Russia have killed scores of civilians in air strikes
Published 01 Oct, 2017 12:00am
Air strikes force hospital closures in northwest Syria: MSF

Air strikes force hospital closures in northwest Syria: MSF

A surge in bombing raids has forced hospitals to close in northwestern Syria, medical charity Doctors Without Borders (MSF) said Friday. The raids in the Idlib region and northern Hama have intensified since they began on September 19, and hospitals are c
Published 01 Oct, 2017 12:00am
Germany arrests suspected baby food poisoner

Germany arrests suspected baby food poisoner

German police announced Saturday the arrest of a 53-year-old man "strongly suspected" of poisoning baby food and threatening to contaminate other products in stores nationwide and across Europe. The man was detained by officers near Tubingen, south of Stu
Published 01 Oct, 2017 12:00am
Ariane five rocket puts satellites into orbit on second attempt

Ariane five rocket puts satellites into orbit on second attempt

An Ariane 5 rocket put two commercial satellites into orbit after an initial attempt was aborted earlier this month, operator Arianespace said early Saturday. The rocket launched successfully from the Kourou Space Centre in French Guiana on Friday, carryi
Published 01 Oct, 2017 12:00am
Kyrgyzstan accuses opposition MP of planning riots, coup

Kyrgyzstan accuses opposition MP of planning riots, coup

Kyrgyzstan's state security service said on Saturday it had detained an opposition lawmaker just two weeks before presidential elections, and accused him of planning riots and a violent coup. The GKNB security service said in a statement that deputy Kanat
Published 01 Oct, 2017 12:00am
US carrier navigates crowded waters as North Korea tensions mount

US carrier navigates crowded waters as North Korea tensions mount

As the commanders of the largest US warship in Asia seek to maintain operational readiness amid protracted tensions over North Korea, they find themselves keeping one eye on China, too. On Saturday, as F-18 Super Hornet jet fighters roared from the decks
Published 01 Oct, 2017 12:00am
Monarch Airlines' package holiday arm could face administration

Monarch Airlines' package holiday arm could face administration

The package holiday arm of Britain's Monarch Airlines is likely to be placed into administration within days if the regulator does not grant the business an extension to its tour operator's licence, Sky News reported on Saturday. The Civil Aviation Author
Published 01 Oct, 2017 12:00am
Iran puts economic squeeze on Iraqi Kurds

Iran puts economic squeeze on Iraqi Kurds

Iraq and Iran have turned to economic weapons in retaliation for Iraqi Kurdistan's independence referendum, with Baghdad closing the Kurds' airspace to international flights and Tehran freezing trade in fuels. After the autonomous Kurdish region's controv
Published 01 Oct, 2017 12:00am
Russia keeps spot as China's top oil supplier for sixth month

Russia keeps spot as China's top oil supplier for sixth month

Russia beat Saudi Arabia to become China's top crude oil supplier for a sixth month in August, as independent refiners ramped up purchases and as state-owned refiners bought seaborne shipments from the Russian Far East port of Kozmino.
Published 01 Oct, 2017 12:00am
Global trade upturn aids oil market rebalancing

Global trade upturn aids oil market rebalancing

Global trade is growing at the fastest rate for six years - which is both a symptom and a cause of the recovery in commodity markets. World trade volumes were up almost 5 percent year-on-year from May to July, according to estimates compiled by government
Published 01 Oct, 2017 12:00am
EU parliament may deny access to Monsanto

EU parliament may deny access to Monsanto

The European Parliament has been asked by its political leaders to deny access to executives and lobbyists for US agro-chemicals giant Monsanto, a parliament spokesman said Friday. The leaders of the parliament's political groups issued the appeal after t
Published 01 Oct, 2017 12:00am
Strong winter grain sowing in Russia, Ukraine paves way for bumper crop

Strong winter grain sowing in Russia, Ukraine paves way for bumper crop

Major Black Sea grain producers Russia and Ukraine are likely to keep their winter grain sowing area stable this autumn, paving the way for another large crop in 2018, analysts said. Plantings in both countries are running ahead of last year's pace with a
Published 01 Oct, 2017 12:00am
Australian wheat output seen shrivelling to 10-year low on dry weather

Australian wheat output seen shrivelling to 10-year low on dry weather

Australia's wheat production is likely to fall to its lowest since 2007/08 amid persistent dry weather, missing official forecasts made earlier this month as well as the US Department of Agriculture's latest estimate, a Reuters poll showed. The median of
Published 01 Oct, 2017 12:00am
Aluminium may test resistance at $2,330 in three months

Aluminium may test resistance at $2,330 in three months

LME aluminium may test a resistance at $2,330 per tonne in three months, a break above which could open the way towards the next resistance at $2,480. The resistance is identified as the 50 percent Fibonacci retracement of the downtrend from the July 2008
Published 01 Oct, 2017 12:00am
Cotton futures dip in low-volume trade
Cotton

Cotton futures dip in low-volume trade

ICE cotton futures fell in low-volume trade on Friday, pressured by the approaching harvest in the United States and fading weather concerns in top producing state Texas. Cotton contracts for December settled down 0.52 cent, or 0.75 percent, at 68.45 cent
Published 01 Oct, 2017 12:00am
Brazil cuts estimate for coffee production in 2017

Brazil cuts estimate for coffee production in 2017

Brazil's government on Thursday cut its projections for coffee output this year, especially for arabica, due to unfavorable weather and an insect infestation in the world's largest exporter. According to a report by the country's agricultural statistics a
Published 01 Oct, 2017 12:00am
Top cocoa producers to create buffer stock to influence world prices

Top cocoa producers to create buffer stock to influence world prices

Ivory Coast and Ghana, the world's top cocoa producers, plan to create a buffer stock of beans with the aim of exerting more influence over world prices, a senior Ivorian government official told Reuters on Thursday. The two West African neighbours produc
Published 01 Oct, 2017 12:00am
Palm oil may retest 2,905 ringgit in three months

Palm oil may retest 2,905 ringgit in three months

Palm oil may retrace into a range of 2,537-2,606 ringgit per tonne, before retesting a resistance at 2,905 ringgit in three months, as suggested by its wave pattern and a Fibonacci retracement analysis. The contract is riding on a wave C, the third wave o
Published 01 Oct, 2017 12:00am
Rising demand for US corn, soyabeans no match for massive supplies

Rising demand for US corn, soyabeans no match for massive supplies

The massive stockpiles of US corn and soyabeans left over following a summer of voracious demand raise the specter that huge supplies will continue to haunt the grain markets even as global usage continues to grow. In its quarterly stocks report released
Published 01 Oct, 2017 12:00am
Three killed, 12 hurt as jeep falls into ravine

Three killed, 12 hurt as jeep falls into ravine

Three people killed and 12 others injured in a road accident in Jagran Area in Neelum Valley in Azad Kashmir. As per details, a jeep fell into a ravine in Jagran area in Neelum Valley. As a result, three people were killed and 12 other injured. Soon after
Published 01 Oct, 2017 12:00am
Prices of tomato skyrocketed in Islamabad

Prices of tomato skyrocketed in Islamabad

The prices of tomato, a key kitchen staple, have soared to an all-time high of Rs2,400 per box in wholesales market, while prices of other vegetables, have witnessed a mixed trend, a survey carried out by Business Recorder revealed here on Saturday
Published 01 Oct, 2017 12:00am
'Qasr-e-Behbood' handed over to Social Welfare department

'Qasr-e-Behbood' handed over to Social Welfare department

The three story building of Qasr-e-Behbood, which has been completed at the cost of Rs.150 million, for the welfare and economic empowerment of women is handed over to the Social Welfare Department for initiating different trade courses for the training o
Published 01 Oct, 2017 12:00am
Special anti-narcotics courts empowered to freeze assets of accused

Special anti-narcotics courts empowered to freeze assets of accused

Special Anti-Narcotics Courts established under the draft KP Control of Narcotics Substances Law may order the freezing of the assets of the accused, his relatives and associates. Where, in the opinion of the Director General (DG), Narcotics Control Wing,
Published 01 Oct, 2017 12:00am
Rangers recover arms from Paposh area

Rangers recover arms from Paposh area

Sindh Rangers claimed to have recovered arms from Muttahida Qaumi Movement-London (MQM-L) unit 181 in the limits of Paposh Nagar area of the city on Saturday. According to Rangers Spokesperson, Sindh Rangers team conducted a raid on a report of spy in Pap
Published 01 Oct, 2017 12:00am
Ninth Muharram procession culminates

Ninth Muharram procession culminates

The 9th Muharram procession on Saturday concluded peacefully, amid tight security arrangements. The main procession started from Nishtar Park, passing through Mehfil-e-Shah-e-Khurasaan, Saddar, Preedy Street, Baba-e-Urdu Road and M.A. Jinnah Road, culmina
Published 01 Oct, 2017 12:00am
Security forces apprehend 27 suspects in Punjab

Security forces apprehend 27 suspects in Punjab

The operations were carried out by Punjab Rangers in coordination with other law enforcement agencies on Saturday to ensure law and order in the province of Punjab. At least twenty-seven suspects were apprehended in joint raids in different cities of the
Published 01 Oct, 2017 12:00am
JI for following golden example set by Imam Husain (RA)

JI for following golden example set by Imam Husain (RA)

Deputy Chief of the Jamaat-e-Islami, Hafiz Muhammad Idrees, has said that the message of the martyrdom of Imam Husain was to lay down one's life instead of surrendering to the forces of falsehood. He said that the need of the hour was to follow the golden
Published 01 Oct, 2017 12:00am
Punjab CM reviews Muharram security arrangements

Punjab CM reviews Muharram security arrangements

Punjab Chief Minister Shahbaz Sharif on Saturday chaired a meeting of the Provincial Cabinet Committee on Law and Order and reviewed security arrangements made in Lahore and other parts of the province in connection with the Youm-e-Ashura.
Published 01 Oct, 2017 12:00am
Khursheed accuses PTI of dividing 'united' Opposition

Khursheed accuses PTI of dividing 'united' Opposition

Leader of the Opposition in the National Assembly Khursheed Shah on Saturday said that Pakistan Tehreek-e-Insaf (PTI) has divided the united opposition. Talking to media persons, he said that the PTI has caused a "major breach" in the opposition benches o
Published 01 Oct, 2017 12:00am
House of PTI chief's political secretary burgled

House of PTI chief's political secretary burgled

Burglars broke into the home of Pakistan Tehreek-e-Insaf (PTI) chairman's political secretary Aun Chaudhry in the wee hours of Saturday and took away 3 cell phones and Rs 55,000 cash. Chaudhry said the burglary at his home in Bani Gala took place at aroun
Published 01 Oct, 2017 12:00am
Qureshi for understanding philosophy of Imam Hussain's martyrdom

Qureshi for understanding philosophy of Imam Hussain's martyrdom

Central leader Pakistan Tehreek-e-Insaf Makhdoom Shah Mehmood Qureshi said on Saturday that there was a need to understand the philosophy of martyrdom of Hazrat Imam Hussain (AS). Addressing the 39th Hussainia Conference, he said that Hazrat Imam Hussain
Published 01 Oct, 2017 12:00am
Sindh minister pledges to implement minority's job quota

Sindh minister pledges to implement minority's job quota

Sindh Minister for Information Syed Nasir Hussain Shah has said that jobs quota of minorities would be fully implemented. This he said while talking in a delegation of minorities here in his office. It was led by Anthoni Naveed, said a statement issued on
Published 01 Oct, 2017 12:00am
Zardari for emulating Imam Hussain's example of resisting tyranny

Zardari for emulating Imam Hussain's example of resisting tyranny

On the eve of Yom-e-Ashur tomorrow on Sunday former President Asif Ali Zardari has called upon the people to emulate the example of the great Imam in resisting tyranny and injustice. In a message the President Pakistan People's Party Parliamentarians said
Published 01 Oct, 2017 12:00am
Youm-e-Ashur: security arrangements finalised in Faisalabad

Youm-e-Ashur: security arrangements finalised in Faisalabad

Youm-e-Ashur would be observed with religious reverence throughout the district. The district administration and police had made elaborate security and administrative arrangements for the observance of Youm-e-Ashur in a peaceful manner. Deputy Commissione
Published 01 Oct, 2017 12:00am
Punjab government to set up hi-tech agriculture machinery centre

Punjab government to set up hi-tech agriculture machinery centre

The Punjab government is setting up 'hi-tech agricultural machinery centre' at a cost of Rs 1.80 billion to promote mechanized farming aimed at helping growers to increase their farm output. These centers will be set up in public private partnership to pr
Published 01 Oct, 2017 12:00am
FPCCI felicitates newly-elected office-bearers of chambers

FPCCI felicitates newly-elected office-bearers of chambers

President Federation of Pakistan Chamber of Commerce and Industry Zubair Tufail on Saturday felicitated the all newly-elected office-bearers of chambers across the country and hoped they would address the issues being confronted by business community on p
Published 01 Oct, 2017 12:00am
'FWCCI to involve women entrepreneurs in national mainstream'

'FWCCI to involve women entrepreneurs in national mainstream'

Establishment of Faisalabad Women Chamber of Commerce & Industry (FWCCI) is right step to involve women entrepreneurs in national mainstream by exploiting their skills, said Mian Muhammad Adrees, former president Federation of Pakistan Chambers of Commerc
Published 01 Oct, 2017 12:00am
Turkish firms evince interest in Punjab's healthcare system

Turkish firms evince interest in Punjab's healthcare system

Turkish companies have shown keen interest for making investment in healthcare sector of Punjab. The interest was shown by a Turkish health sector delegation led by Mehmet Dal with Punjab Chief Minister Shahbaz Sharif who called on him in Lahore on Saturd
Published 01 Oct, 2017 12:00am
Neelum-Jhelum hydro project progressing fast: Wapda chief

Neelum-Jhelum hydro project progressing fast: Wapda chief

Water and Power Development Authority (Wapda) chairman Lt Gen Muzammil Hussain (retd) has said that the 969 megawatt Neelum-Jhelum Hydropower Project is fast heading towards completion and dry testing of electro-mechanical equipments installed at the powe
Published 01 Oct, 2017 12:00am
Pharmaceutical factory sealed in Lahore

Pharmaceutical factory sealed in Lahore

Provincial Minister Imran Nazir along with Chief Minister's Task Force sealed a pharmaceutical factory, here on Saturday. Team also confiscated the medicines, raw and printing material and machinery of the factory. While talking to the media, Imran Nazir
Published 01 Oct, 2017 12:00am
Drive to install fire extinguishers in PSVs launched

Drive to install fire extinguishers in PSVs launched

National Highways and Motorway Police (NH&MP) (N-5 North Zone) have launched a drive to make fire extinguishers and first aid boxes available in public service vehicles (PSV) for the safety of passengers and road users. Deputy Inspector General (DIG) Abba
Published 01 Oct, 2017 12:00am
Glowing tributes paid to martyrs of Karbala

Glowing tributes paid to martyrs of Karbala

Governor of Sindh, Muhammad Zubair, has said that Hazrat Imam Hussain (RA) and his companions of Karbala offered supreme sacrifices for the lofty principles of Islam. In a message on Saturday on the eve of Youm-e-Ashur, he said that the sacrifices of mart
Published 01 Oct, 2017 12:00am
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