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Dec 05, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-03-03
Early trade in New York: dollar slips against most currencies
Currency

Early trade in New York: dollar slips against most currencies

The US dollar fell against most currencies on Friday, dropping to its lowest in more than two years against the yen, as President Donald Trump's proposal to impose hefty tariffs on steel and aluminum imports raised prospects of a trade war that could prov
Published 03 Mar, 2018 12:00am
Dollar falls against yen, euro in New York
Currency

Dollar falls against yen, euro in New York

The dollar fell to two-week lows against the yen and dropped from seven-week highs versus the euro on Thursday on fears of an imminent trade war after President Donald Trump said the United States would impose tariffs on steel and aluminum. The greenback
Published 03 Mar, 2018 12:00am
Sri Lankan rupee lower
Exchange

Sri Lankan rupee lower

The Sri Lankan rupee ended weaker on Friday as dollar demand from importers and banks outpaced inward remittances and the selling of the US currency by exporters, dealers said. The rupee closed at 155.15/25 per dollar, compared with Wednesday's close of 1
Published 03 Mar, 2018 12:00am
Emerging Asian currencies edge up
Currency

Emerging Asian currencies edge up

Most emerging currencies edged higher on Friday as the dollar pulled sharply back from six-week highs after US President Donald Trump's imposed tariffs on steel and aluminium, sparking fears of a global trade war. The dollar index against a basket of six
Published 03 Mar, 2018 12:00am
Sterling edges down after PM May's Brexit speech

Sterling edges down after PM May's Brexit speech

Sterling slipped against the euro and dollar on Friday after Prime Minister Theresa May urged the European Union to show more flexibility in talks on a future relationship but failed to convince investors a smooth Brexit transition deal is assured. In a w
Published 03 Mar, 2018 12:00am
Aussie falters, kiwi shines
Currency

Aussie falters, kiwi shines

The Australian dollar hovered near recent lows led by a broad risk-off move after US President Donald Trump imposed a tariff on imported steel and aluminium, triggering fears of a global trade war. Australia, as an open economy, relies heavily on internat
Published 03 Mar, 2018 12:00am
Zverev powers into Acapulco semi-finals

Zverev powers into Acapulco semi-finals

Third-seeded German Alexander Zverev reached his first ATP semi-final of the season on Thursday, beating Ryan Harrison 6-4, 6-1 to set up a clash with Juan Martin del Potro in Acapulco. World number five Zverev, 20, is the highest-ranked player left in th
Published 03 Mar, 2018 12:00am
Hangu upset Kohat in U-23 Games

Hangu upset Kohat in U-23 Games

Spirited Hangu upset Kohat in the Volleyball and Hockey events part of the going 3rd edition of the Under-23 Games in scenic Kohat Sports Complex on Friday. Additional Deputy Commissioner Shahibzada Najeeb Ullah was the chief guest on this occasion. Direc
Published 03 Mar, 2018 12:00am
Starc five-for puts Australia in total control

Starc five-for puts Australia in total control

The spin of Nathan Lyon and the reverse swing of Mitchell Starc sent South Africa crashing on the second day of the first Test against Australia at Kingsmead on Friday. South Africa were bowled out for 162 shortly before the close, giving Australia a lead
Published 03 Mar, 2018 12:00am
Severe weather takes its toll on British sports fixtures

Severe weather takes its toll on British sports fixtures

A European-wide deep freeze that shows no sign of stopping anytime soon led Friday to the postponement of several British sports fixtures this weekend. And while no games in English football's elite Premier League have yet been called off (pitches at most
Published 03 Mar, 2018 12:00am
SAI to hold first-ever Ice Hockey event in Pakistan

SAI to hold first-ever Ice Hockey event in Pakistan

Shaheen Air International (SAI) has completed its 25 years in the air as first private airline of Pakistan, established in 1993. Marking decades of successful operations the Second National Carrier of Pakistan has announced to launch Ice Hockey in the cou
Published 03 Mar, 2018 12:00am
Man City cruise past Arsenal again

Man City cruise past Arsenal again

Manchester City piled more misery on beleaguered Arsenal manager Arsene Wenger with a 3-0 humbling of the Gunners on Thursday to open up a 16-point lead at the top of the Premier League. Four days on from crumbling meekly to a 3-0 defeat as City won their
Published 03 Mar, 2018 12:00am
Dibaba strikes again, Russians take high jumps

Dibaba strikes again, Russians take high jumps

Ethiopia's serial record holder Genzebe Dibaba won a fourth consecutive world indoor title when she romped to victory in the 3,000m in Birmingham on Thursday. In a memorable opening night of track and field for Russians cleared to compete as neutrals in t
Published 03 Mar, 2018 12:00am
Brazil waits nervously for Neymar's foot operation

Brazil waits nervously for Neymar's foot operation

Brazilian superstar Neymar was due to fly into Belo Horizonte later Friday for surgery to mend a broken bone in his right foot, while an anxious footballing nation wondered if its World Cup build-up will also need urgent care. Neymar, the world's most exp
Published 03 Mar, 2018 12:00am
La Liga begins training referees in VAR

La Liga begins training referees in VAR

La Liga began training officials in the video assistant referee (VAR) system on Friday ahead of the technology's expected introduction next season. The Spanish Football Federation (RFEF) has announced it is seeking approval from the International Football
Published 03 Mar, 2018 12:00am
Thompson sails through but Taplin disqualified

Thompson sails through but Taplin disqualified

Double Olympic sprint champion Elaine Thompson led a host of favourites through opening heats of the women's 60m at the world indoors on Friday, but there was drama in the men's 400m as in-form Grenadan Bralon Taplin was disqualified. Thompson has not com
Published 03 Mar, 2018 12:00am
49 dead in new flare-up of ethnic unrest in DR Congo's Ituri

49 dead in new flare-up of ethnic unrest in DR Congo's Ituri

At least 49 people were killed in a fresh outbreak of ethnic violence overnight in the Democratic Republic of Congo's troubled Ituri province, a senior charity official said on Friday. The latests killings were part of a cycle of unrest between the Hema a
Published 03 Mar, 2018 12:00am
25 dead in Azerbaijan drug rehab centre fire

25 dead in Azerbaijan drug rehab centre fire

Twenty-five people perished in a fire which tore through a drug rehabilitation clinic in the Azerbaijani capital Baku early Friday, with activists saying safety standards had not been met. Video footage broadcast on local television showed huge flames lea
Published 03 Mar, 2018 12:00am
US shrinks its Cuba mission after mystery 'attacks'

US shrinks its Cuba mission after mystery 'attacks'

The United States is to permanently scale back its mission to Cuba after what it alleges were series of mystery "attacks" on the health diplomats, the State Department said Friday. The Havana embassy had already been operating with a reduced staff since S
Published 03 Mar, 2018 12:00am
West ups heat on Damascus as Ghouta civilians wait for aid

West ups heat on Damascus as Ghouta civilians wait for aid

Western powers turned up the heat on Damascus on Friday as tens of thousands of civilians in Syria's battered rebel enclave of Eastern Ghouta awaited desperately needed aid. More than 600 civilians have been killed in the enclave outside Damascus since Ru
Published 03 Mar, 2018 12:00am
Kremlin says no interest in US arms race

Kremlin says no interest in US arms race

The Kremlin on Friday said Russia will not be part of a new arms race as the United States and Nato voiced concern over Vladimir Putin's boasts of new "invincible" weapons. Putin stunned the West - and many in Russia - on Thursday by using his state of th
Published 03 Mar, 2018 12:00am
Dozens dead or injured in attacks on Burkina military HQ, French embassy

Dozens dead or injured in attacks on Burkina military HQ, French embassy

Armed men attacked the French embassy in Burkina Faso and the country's military headquarters on Friday before being repelled in a battle that left dozens dead or injured. A government source said 16 attackers and defenders died, while other sources reach
Published 03 Mar, 2018 12:00am
British PM admits 'hard facts' in Brexit trade deal

British PM admits 'hard facts' in Brexit trade deal

Prime Minister Theresa May called Friday for a wide-ranging free trade deal with the EU after Brexit, but admitted it was time to face the "hard facts" about the economic consequences of leaving the bloc. In a detailed speech just weeks before starting ne
Published 03 Mar, 2018 12:00am
Storm brings wind, flooding and snow to US Northeast

Storm brings wind, flooding and snow to US Northeast

A major winter storm pounded the US East Coast on Friday, whipping up strong winds and dumping heavy rain and snow, forcing the cancellation of several thousand flights and the closure of federal government offices in Washington.
Published 03 Mar, 2018 12:00am
Catalan separatists hunt for new leader

Catalan separatists hunt for new leader

Catalan separatists began the challenging search for a new candidate to lead their region on Friday after deposed president Carles Puigdemont, in self-exile in Belgium and wanted in Spain, abandoned his comeback bid. In his place, Puigdemont, who led Cata
Published 03 Mar, 2018 12:00am
White House admits lax handling of classified information

White House admits lax handling of classified information

White House Chief of Staff John Kelly on Friday admitted the Trump administration's early handling of classified information and gatekeeping of sensitive secrets was not up to snuff. Kelly told journalists that he had his "eyes opened," after joining the
Published 03 Mar, 2018 12:00am
Two shot dead at US university, suspect at large

Two shot dead at US university, suspect at large

Two people were shot dead Friday on the campus of a university in the US state of Michigan, setting off a manhunt for the suspected gunman. Central Michigan University said the two people killed at a campus dormitory were not students or staff, but did no
Published 03 Mar, 2018 12:00am
Shanghai aluminium down
Exchange

Shanghai aluminium down

Shanghai aluminium prices edged down on Friday after earlier hitting over two-week highs following US President Donald Trump's pledge to impose a 10 percent tariff on imports of the metal. The most-traded April aluminium contract on the Shanghai Futures E
Published 03 Mar, 2018 12:00am
Aluminium prices steady, copper declines
Exchange

Aluminium prices steady, copper declines

London aluminium prices steadied on Friday, helped by a weaker dollar and a scramble to deliver more of the metal to the United States before President Donald Trump imposes hefty new tariffs on imports. Trump said on Thursday he would impose tariffs of 10
Published 03 Mar, 2018 12:00am
Partners in Kenya's first oil project eye pipeline deal by mid-2018

Partners in Kenya's first oil project eye pipeline deal by mid-2018

Companies developing Kenya's first oilfields expect to conclude agreement on construction of an export pipeline by the middle of this year, according to Toronto-listed Africa Oil, one of the partners. Oil could account for about a tenth of Kenya's governm
Published 03 Mar, 2018 12:00am
Oil up but set for weekly drop as tariff plan, US output weigh

Oil up but set for weekly drop as tariff plan, US output weigh

Oil prices rose on Friday as Wall Street stocks bounced off session lows, but crude benchmarks were still poised for their first weekly fall in three weeks on fears US plans to impose tariffs on steel and aluminium could squeeze economic growth, and as US
Published 03 Mar, 2018 12:00am
Tokyo rubber down
Exchange

Tokyo rubber down

Benchmark Tokyo rubber futures extended declines on Friday as the market came under pressure from a stronger yen and weaker Japanese equities and Shanghai futures. The Tokyo Commodity Exchange rubber contract for August delivery finished 1 yen lower at 19
Published 03 Mar, 2018 12:00am
Palm oil slumps
Vegetable Oil

Palm oil slumps

Malaysian palm oil futures slumped up to 3.2 percent on Friday evening, the sharpest intraday drop in about three-and-a-half months, after top consumer India raised import tax to the highest level in more than a decade. India, the world's biggest edible o
Published 03 Mar, 2018 12:00am
New York cocoa sets 15-month high as Ivorian crop outlook dims

New York cocoa sets 15-month high as Ivorian crop outlook dims

New York cocoa on ICE rallied on Friday, reaching the highest level in 15 months following a reduced crop outlook in top grower Ivory Coast and on chart-based buy signals above the psychological resistance level of $2,300 per tonne. May New York cocoa set
Published 03 Mar, 2018 12:00am
Gold bounces off lows in New York

Gold bounces off lows in New York

Gold prices fell about 1 percent on Thursday and hit two-month lows during the session, pressured as the dollar shot to a six-week high and investors braced for expected US interest rate hikes after Federal Reserve Chairman Jerome Powell testified before
Published 03 Mar, 2018 12:00am
Gold inches up in Asia

Gold inches up in Asia

Gold prices rose slightly on Friday as the dollar eased on fears of an imminent trade war following US President Donald Trump's decision to impose steep tariffs on imported steel and aluminium. Spot gold had risen by 0.1 percent to $1,317.29 an ounce by 0
Published 03 Mar, 2018 12:00am
Trade war talk pushes gold prices higher in Europe
Exchange

Trade war talk pushes gold prices higher in Europe

Gold prices rose on Friday as the threat of a global trade war pushed shares and the dollar lower and spurred demand for assets such as bullion that are seen as safer investments. US President Donald Trump's decision on Thursday to place tariffs on import
Published 03 Mar, 2018 12:00am
US MIDDAY: wheat futures sink

US MIDDAY: wheat futures sink

Chicago Board of Trade wheat futures sank 4.0 percent on Friday, setting back from a six-day rally that pushed prices to their highest in 7-1/2 months, traders said. The sharp decline in wheat weighed on the corn market, which sagged after peaking at its
Published 03 Mar, 2018 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold prices rose on Friday as the threat of a global trade war pushed equities and the US dollar lower and spurred demand for assets such as bullion that are broadly seen as safe-haven investments. US President Donald Trump's decision on Thursday to place
Published 03 Mar, 2018 12:00am
Solving the energy conundrum via LNG

Solving the energy conundrum via LNG

Recently while flipping through the archives section of a newspaper, I came across a 1968 print advertisement of the then Karachi Gas Company. The body copy of the ad confidently boasted, 'Sui Gas is always there, whenever you need it. Turn on the tap and
Published 03 Mar, 2018 12:00am
Imran himself guilty of forgery: Marriyum

Imran himself guilty of forgery: Marriyum

Imran Khan who has been crying hoarse from every convenient roof-top promising to end corruption in the country is himself guilty of forgery. Minister of State for Information, Broadcasting, National History and Literary Heritage Marriyum Aurangzeb talkin
Published 03 Mar, 2018 12:00am
Jam for expediting work on LPG-air mix plants in Balochistan

Jam for expediting work on LPG-air mix plants in Balochistan

The Minister of State for Petroleum Division, Jam Kamal Khan has stressed on the need to expedite work on LPG-Air Mix Plants for the betterment of the residents of Balochistan. He expressed his views at a meeting held recently in Islamabad to discuss matt
Published 03 Mar, 2018 12:00am
FBR fetes Member (Taxpayers Audit) on retirement

FBR fetes Member (Taxpayers Audit) on retirement

The 7th meeting of the Board-in-Council of FBR was held here with Chairman FBR Tariq Mahmood Pasha in the chair to bid farewell to Rahmatullah Khan Wazir, Member Taxpayers Audit FBR, on his retirement from service.
Published 03 Mar, 2018 12:00am
Shariah audit must for each financial year

Shariah audit must for each financial year

Every Shariah compliant company, Islamic financial institution and company issuing Shariah compliant security shall be subject to Shariah Audit for every financial year which is undertaken by an independent External Shariah Auditor.
Published 03 Mar, 2018 12:00am
Cement exports increase by 18.41 percent in February

Cement exports increase by 18.41 percent in February

Cement exports in the month of February 2018 have gone up by 18.41 percent as compared to same month last year, giving hope to the industry that is suffering due to declining exports for years. Though the local cement consumption continued to grow robustl
Published 03 Mar, 2018 12:00am
CIA arrests 29 members of seven criminal gangs

CIA arrests 29 members of seven criminal gangs

The Crime Investigation Agency (CIA) Lahore has arrested 29 members of seven "well-organised criminal gangs" and recovered valuables worth over Rs 8.2 million from their possession. While addressing a press conference on Friday, Superintendent of Police C
Published 03 Mar, 2018 12:00am
Opposition protests against Punjab Assembly resolution

Opposition protests against Punjab Assembly resolution

Opposition in Punjab Assembly on Friday protested against the passage of a resolution against the National Accountability Bureau (NAB) and for not being allowed by the Speaker to talk on recent increase in the prices of petroleum products. Speaking on a p
Published 03 Mar, 2018 12:00am
Excise department to conduct audit of motor branches

Excise department to conduct audit of motor branches

After unearthing of a fraud relating to fake updating of token tax of 643 vehicles, the Excise Department has decided to conduct audit of all the motor branches throughout the province of Punjab. According to sources, a departmental audit team had unearth
Published 03 Mar, 2018 12:00am
Steps underway for uplift of health sector

Steps underway for uplift of health sector

Punjab Minister for Specialized Healthcare & Medical Education (SH&ME) Khawaja Salman Rafique has said that present government has discovered new horizons in the field of health while new initiatives have been taken for the health sector development. Whil
Published 03 Mar, 2018 12:00am
Delay in approval of service structure criticized

Delay in approval of service structure criticized

Land revenue officials have expressed serious concern over the delay in approval of service structure and demanded of the provincial government to revise the allowances from the patwar rank to tehsildar. Speaking at a press conference at Peshawar Press Cl
Published 03 Mar, 2018 12:00am
Hashoo Foundation holds first Youth Entrepreneur Awards

Hashoo Foundation holds first Youth Entrepreneur Awards

The UN Resident Coordinator for Pakistan, Neil Bhune was the chief guest at the Hashoo Foundation's (HF) first Youth Entrepreneur Awards (YEA) held Friday at here at a hotel, while Sheryar Afridi, Member National Assembly was the Guest of Honour, says a p
Published 03 Mar, 2018 12:00am
Convocation of Fazaia College held

Convocation of Fazaia College held

The third convocation ceremony was held at Fazaia College of Education for Women Lahore here on Friday. Punjab Education Minister Rana Mashood Ahmad Khan was the chief guest. Air Vice Marshal (Retd) Faaiz Amer, Vice Chancellor Air University, presided ove
Published 03 Mar, 2018 12:00am
Pakistan Auto Show opens at Expo Centre

Pakistan Auto Show opens at Expo Centre

The three-day Pakistan Auto Show 2018 Friday commenced with the theme of "Make in Pakistan" here at the Expo Centre in which over 200 local and international auto sector companies are taking part. MNA Shaista Pervez Malik, Italian Ambassador in Pakistan S
Published 03 Mar, 2018 12:00am
ECP de-seats PkMAP MPA

ECP de-seats PkMAP MPA

Just hours before Senate elections, the Election Commission of Pakistan (ECP) on Friday de-seated the member of the Balochistan provincial assembly, Manzoor Khan Kakar. The ECP gave this verdict on a petition of Pakhtunkhwa Milli Awami Party (PkMAP) chief
Published 03 Mar, 2018 12:00am
Senate elections: Sattar convenes party leaders meeting

Senate elections: Sattar convenes party leaders meeting

Chief of Muttahida Qaumi Movement-Pakistan's BIP faction, Dr Farooq Sattar Friday summoned party leaders for holding a consultative meeting over upcoming Senate election. While talking to the media persons outside the ECP after having a meeting with the c
Published 03 Mar, 2018 12:00am
PM to inaugurate work on dualization of Pindi-Kahuta Road

PM to inaugurate work on dualization of Pindi-Kahuta Road

Prime Minister Shahid Khaqan Abbasi will inaugurate the work on dualization, rehabilitation and improvement of Rawalpindi-Kahuta Road today (Saturday). The project for dualization of 28km long section is divided into two packages. Under the first package,
Published 03 Mar, 2018 12:00am
Export, import of goods: clearing process resumes at Torkham

Export, import of goods: clearing process resumes at Torkham

The clearing process of export and import goods was resumed following successful dialogue between the office holders of Torkham Clearing Agents Association and the officials, which was remained suspended for last four days.
Published 03 Mar, 2018 12:00am
PIA earns another new ISO standard for QMS

PIA earns another new ISO standard for QMS

PIA has earned another 'First' in the region to make a transition to the new standard ISO 9001:2015 - for Quality Management System (QMS).
Published 03 Mar, 2018 12:00am
PM to leave for Nepal on March 5
Exchange

PM to leave for Nepal on March 5

Prime Minister Shahid Khaqan Abbasi will leave for Nepal on a two-day visit from March 05 to hold talks with his Nepalese counterpart on issue of mutual interest. Sources said that the Prime Minister on his first visit to Katmandu would also congratulate
Published 03 Mar, 2018 12:00am
Country's future rests in hands of youth: NA speaker

Country's future rests in hands of youth: NA speaker

Sardar Ayaz Sadiq, Speaker National Assembly has said that future of the country rests in hands of the youth and our young people has all the potential and abilities to combat the challenges confronted to our Nation to steer the county to future glory. He
Published 03 Mar, 2018 12:00am
MPA Rubina Qaimkhani's son dies in road mishap

MPA Rubina Qaimkhani's son dies in road mishap

The son of PPP MPA Rubina Qaimkhani lost his life in a very unfortunate road accident here on Friday. The deceased Hamza Qaimkhani and his friend sustained critical injuries when the vehicle they were traveling in overturned at the Seaview. They were rush
Published 03 Mar, 2018 12:00am
Matco Foods Limited announces financial results

Matco Foods Limited announces financial results

Matco Foods Limited announces the Company's financial results for the quarter and six months ended December 31, 2017. Matco is actively pursuing new avenues for growth and development including new product developments and expansion of rice glucose projec
Published 03 Mar, 2018 12:00am
Zubair launches Karachi Research Chair at Greenwich University

Zubair launches Karachi Research Chair at Greenwich University

Governor of Sindh Mohammad Zubair launched Karachi Research Chair (KRC) on Wednesday at Greenwich University, Pakistan. The Governor of Sindh graced the occasion as chief guest along with guests of honour Senator Abdul Haseeb Khan, Dr Sirajuddin Aziz and
Published 03 Mar, 2018 12:00am
Ceremony to launch PN's 32-ton BP tug held at KS&EW

Ceremony to launch PN's 32-ton BP tug held at KS&EW

Launching ceremony of 32 tons Bollard Pull (BP) tug built for Pakistan Navy was held at Karachi Shipyard & Engineering Works (KS&EW) on Friday. Lieutenant General Muhammad Ijaz Chaudhry (retd) HI (M), Secretary, Ministry of Defence Production, graced the
Published 03 Mar, 2018 12:00am
Pak, Turkish travel agents urged to promote tourism

Pak, Turkish travel agents urged to promote tourism

The newly-appointed Turkish Consul General in Karachi Tolga Ucak has urged Pakistani travel agents to create a liaison with Turkish counterparts to promote Pakistan tourism in Turkey. Speaking at Turkish Airlines Agency Award Ceremony 2017 held here, he u
Published 03 Mar, 2018 12:00am
Sindh Assembly adopts Public-Private Partnership Bill 2018

Sindh Assembly adopts Public-Private Partnership Bill 2018

The Sindh Assembly on Friday adopted 'the Sindh Public Private Partnership (Amendment) Bill 2018 to set up a Project Support Facility to help the shared development initiatives. The setting up of the proposed facility will help support projects under publ
Published 03 Mar, 2018 12:00am
KATI officials seek decrease in pol prices

KATI officials seek decrease in pol prices

President of Korangi Association of Trade and Industry (KATI), Tariq Malik, has urged the Prime Minster Shahid Khaqan Abbasi to direct relevant authorities to revise the decision of increase in petroleum prices.
Published 03 Mar, 2018 12:00am
SHC turns down Sharjeels' bail application

SHC turns down Sharjeels' bail application

The Sindh High Court on Friday turned down bail plea of former provincial minister Sharjeel Inam Memon in a case pertaining to the Rs 5.76 billion corruption in the Sindh information department. A two-member judge bench headed by Justice Iqbal Ahmed Kalho
Published 03 Mar, 2018 12:00am
Baloch Cultural Day: three-day Makran Festival begins

Baloch Cultural Day: three-day Makran Festival begins

Opening ceremony of three days Makran Festival 2018 was held at Kech Stadium, Turbat on Friday, and Commander Southern Command Lieutenant General Asim Saleem Bajwa was the chief guest. The event was organised in connection with Baloch Cultural Day in orde
Published 03 Mar, 2018 12:00am
IBA CEIF to organise course on 'Trade Finance - the Islamic Way'

IBA CEIF to organise course on 'Trade Finance - the Islamic Way'

IBA Centre for Excellence in Islamic Finance (IBA-CEIF) has announced two-day course on 'Trade Finance - the Islamic Way.' The two-day course to be held April 3 and 4, 2018 is aimed at familiarizing the participants with trade finance mechanisms in Islami
Published 03 Mar, 2018 12:00am
Speakers term Shaikh Ayaz a trend setter of modern Sindhi verse

Speakers term Shaikh Ayaz a trend setter of modern Sindhi verse

The speakers labelled the legendary poet of Sindh, Mubarak Ali Ayaz popularly known as Shaikh Ayaz, a poet who introduced innovative trends in Sindhi poetry on account of his vast study of occidental poetic tradition, his immense power of imagination and
Published 03 Mar, 2018 12:00am
Af-Pak trade: uninterrupted power supply for Torkham's WeBOC demanded

Af-Pak trade: uninterrupted power supply for Torkham's WeBOC demanded

President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has said it is necessary to meet the pre-requisites of the Web Based One Custom (WeBOC) system ie uninterrupted electricity and stable internet service without which it wo
Published 03 Mar, 2018 12:00am
PML-N MNA Jatt joins PTI

PML-N MNA Jatt joins PTI

Pakistan Tehreek-e-Insaf has taken yet another wicket of the ruling party as the PML-N Member National Assembly from NA-81 Faisalabad Nisar Ahmed Jatt has announced to join PTI. According to details issued by party's Central Media Department, another PML-
Published 03 Mar, 2018 12:00am
CJCSC meets Naval Chief

CJCSC meets Naval Chief

Chairman Joint Chiefs of Staff Committee, General Zubair Mahmood Hayat called on Chief of the Naval Staff Admiral Zafar Mahmood Abbasi here at Naval Headquarters on Friday. During the meeting, professional matters of mutual interest and overall security e
Published 03 Mar, 2018 12:00am
Pakistan can do more to combat terrorism: US

Pakistan can do more to combat terrorism: US

The United States (US) says Pakistan has an opportunity to do more to fight terrorism. "With respect to Pakistan, we believe that Pakistan can do more to combat terrorism. This is an inflection point and this is an opportunity and Pakistan has an opportun
Published 03 Mar, 2018 12:00am
Tehmina Janjua to leave for US on March 6

Tehmina Janjua to leave for US on March 6

Foreign Secretary Tehmina Janjua will leave for the United States on March 06 on a three-day visit where she would hold talks with senior officials at the State Department on issues of mutual interest. Sources said that during her three days stay at the U
Published 03 Mar, 2018 12:00am
Chinese New Year & Spring Festival celebrated
Exchange

Chinese New Year & Spring Festival celebrated

Ambassador of China to Pakistan Yao Jing on Friday conveyed a message to young Pakistani students that current developing relations and collaboration between China and Pakistan in the field of education could be termed as China Pakistan Education Corridor
Published 03 Mar, 2018 12:00am
Ministry to conduct another Hajj balloting

Ministry to conduct another Hajj balloting

The Ministry of Religious Affairs and Interfaith Harmony will conduct another hajj balloting immediately after winning the 17 percent Hajj quota case from the Islamabad High Court (IHC). A spokesman of Ministry of Religious Affairs and Interfaith Harmony
Published 03 Mar, 2018 12:00am
Shahbaz vows to work for well-being of masses
Exchange

Shahbaz vows to work for well-being of masses

Punjab Chief Minister Shahbaz Sharif in a meeting with the Punjab governor Rafique Rajwana, here on Friday, has expressed his firm resolve to channelize all the resources and energies for the uplift and well being of the people. During the meeting, matter
Published 03 Mar, 2018 12:00am
Nawaz visits Blue Area market
Exchange

Nawaz visits Blue Area market

Former Prime Minister Nawaz Sharif paid a visit to marketplace in Blue Area on Friday and exchanged views with common people in the federal capital. On a rainy Friday, the deposed prime minister accompanied by his daughter, Maryam Nawaz, went for shopping
Published 03 Mar, 2018 12:00am
FBR receives 1,260,181 returns by February 28

FBR receives 1,260,181 returns by February 28

Federal Board of Revenue (FBR) has received 1,260,181 income tax returns for the tax year 2017 (till February 28, 2018), which are 246,945 more than the 1,013,528 returns received for the tax year 2016 by the same date ie 28th of February 2017. FBR has re
Published 03 Mar, 2018 12:00am
Killings of Syrian people: PUC announces countrywide protests

Killings of Syrian people: PUC announces countrywide protests

Pakistan Ulema Council (PUC) Friday announced to hold countrywide protests from tomorrow (Sunday) against the non-stop killings of Syrian people. Talking to media persons here, senior leader of PUC Pakistan Maulana Abdul Hamid Sabri along with other leade
Published 03 Mar, 2018 12:00am
Indian diplomat summoned again over ceasefire violations

Indian diplomat summoned again over ceasefire violations

Pakistan on Friday summoned top Indian diplomat over the continued ceasefire violations on the Line of Control by using heavy mortars. According to a Foreign Office statement, the Acting Director General South Asia and SAARC summoned Indian Deputy High Co
Published 03 Mar, 2018 12:00am
'Bureaucratic belligerence'

'Bureaucratic belligerence'

This is apropos a Business Recorder op-ed "Bureaucratic belligerence" carried by the newspaper yesterday. The writer appears to be highly dismissive of the role bureaucrats play in state governance. Not only has he described the protesting civil se
Published 03 Mar, 2018 12:00am
The art and science of 'hawala' transactions
Exchange

The art and science of 'hawala' transactions

Definition of 'hawala' transaction: Interpol has defined 'hawala' transaction as "Money Transfer without money movement". This appears to be the most appropriate description of prevalent practice as used in South East Asia and Middle East for certa
Published 03 Mar, 2018 12:00am
The FATF challenge
Exchange

The FATF challenge

The official version is out. Pakistan is set to be put on the 'grey list' of the Financial Action Task Force (FATF) in June. "Pakistan will be assigned to the 'grey list' in June, once an Action Plan has been mutually negotiated. The FATF demarcates the c
Published 03 Mar, 2018 12:00am
Yet more terrorist violence

Yet more terrorist violence

Although relative calm prevails in the rest of the country, there is no let-up in violence perpetrated by religious extremists in Balochistan, especially in and around its capital Quetta. In two back-to-back attacks on Wednesday, four FC personnel and two
Published 03 Mar, 2018 12:00am
Politics and the judiciary

Politics and the judiciary

The Central Working Committee of the PML-N has unanimously and enthusiastically declared former Prime Minister, Nawaz Sharif, its Quaid (leader) for life while electing his younger brother and Punjab Chief Minister Shahbaz Sharif its interim president. Th
Published 03 Mar, 2018 12:00am
Israeli police grill Netanyahu on new fraud case
Exchange

Israeli police grill Netanyahu on new fraud case

Israeli police questioned Prime Minister Benjamin Netanyahu and his wife for several hours on Friday over corruption allegations that threaten the right-wing premier's long tenure. The questioning, the eighth such session since 2017, came after police las
Published 03 Mar, 2018 12:00am
Israeli police grill Netanyahu on new fraud case
Exchange

Israeli police grill Netanyahu on new fraud case

Israeli police questioned Prime Minister Benjamin Netanyahu and his wife for several hours on Friday over corruption allegations that threaten the right-wing premier's long tenure. The questioning, the eighth such session since 2017, came after police las
Published 03 Mar, 2018 12:00am
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