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Nov 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-05-11
Rates continue to fall
Cotton

Rates continue to fall

Cotton prices continued decline for the second day owing to sluggish buying interest by spinners, dealers said. The official spot rate dropped further by Rs 100 to Rs 7400, they added. In the ready session, approximately, 2200 bales of cotton changed hand
Published 11 May, 2018 12:00am
CBOT soyabean futures rise on bargain buying

CBOT soyabean futures rise on bargain buying

Chicago Board of Trade soyabean futures settled higher Tuesday on a mix of bargain buying after Monday's one-month low in the July contract and worries about US planting weather, traders said. CBOT July soyabeans settled up 8-3/4 cents at $10.20-1/4 a bus
Published 11 May, 2018 12:00am
Cotton prices drop in weak market
Cotton

Cotton prices drop in weak market

Ready cotton prices on the domestic market took a dip this week conceding anywhere from Rs 200 to Rs 300 per maund (37.32 Kgs). The turnover was reported to be moderate on Thursday as traders disclosed that most of the mills are well covered already havin
Published 11 May, 2018 12:00am
Cotton prices drop in weak market
Cotton

Cotton prices drop in weak market

Ready cotton prices on the domestic market took a dip this week conceding anywhere from Rs 200 to Rs 300 per maund (37.32 Kgs). The turnover was reported to be moderate on Thursday as traders disclosed that most of the mills are well covered already havin
Published 11 May, 2018 12:00am
Prominent Australian trainer gets life ban over doping scandal

Prominent Australian trainer gets life ban over doping scandal

Prominent horse trainer Robert Smerdon was banned for life Thursday along with two stablehands over a major Australian doping scandal involving more than 100 races over several years. Two other trainers, Stuart Webb and Tony Vasil, were handed suspensions
Published 11 May, 2018 12:00am
English cricket to adopt NFL-style 'Rooney Rule'

English cricket to adopt NFL-style 'Rooney Rule'

The England and Wales Cricket Board is to adopt the "Rooney Rule" as part of an action plan aimed at boosting engagement with south Asian communities. Cricket's version of the Rooney Rule, named after the former owner of the Pittsburgh Steelers in the Nat
Published 11 May, 2018 12:00am
Australian skipper Paine denies Warner rift

Australian skipper Paine denies Warner rift

Australian skipper Tim Paine Thursday denied David Warner was a divisive figure widely disliked within the team, insisting he would be welcomed back after his ban for a cheating scandal. Disgraced former vice-captain Warner is serving a year-long suspensi
Published 11 May, 2018 12:00am
Imam-ul-Haq set for Test debut against Ireland

Imam-ul-Haq set for Test debut against Ireland

Imam-ul-Haq is set to make his Test debut when Pakistan face Ireland in Dublin on Friday. Pakistan captain Sarfraz Ahmed told reporters at the Malahide ground on Thursday that the tourists would field the same side as played in their preceding nine-wicket
Published 11 May, 2018 12:00am
Juventus take fourth consecutive Italian Cup

Juventus take fourth consecutive Italian Cup

Juventus crushed AC Milan 4-0 on Wednesday at the Stadio Olimpico to win a fourth consecutive Italian Cup. It was the 13th Cup win for Juventus, who are also poised to become the first Italian team to complete the double for four years in a row. Massimili
Published 11 May, 2018 12:00am
Lehmann to coach young Aussie talent

Lehmann to coach young Aussie talent

Former national coach Darren Lehmann, who quit in the wake of a ball-tampering scandal, will take on a new role working with young talent under Australia's National Performance Program (NPS), officials said Thursday. Lehmann, 48, was contracted as nationa
Published 11 May, 2018 12:00am
UAE coach suspended over spot fixing offer to Pakistan's skipper

UAE coach suspended over spot fixing offer to Pakistan's skipper

United Arab Emirates based coach Irfan Ansari was suspended following allegations from Pakistan's captain Sarfraz Ahmed that he was approached to participate in a spot fixing scheme, Cricket's administrative body said on Thursday. The International Cricke
Published 11 May, 2018 12:00am
Man City smash Premier League points record

Man City smash Premier League points record

Manchester City crowned a remarkable Premier League season on Wednesday by smashing records for points earned, goals scored and number of wins with a 3-1 victory against Brighton. City took their goals tally for the campaign to 105, their points total to
Published 11 May, 2018 12:00am
FATA, Faisalabad students play friendly cricket match

FATA, Faisalabad students play friendly cricket match

The 50 student delegation of FATA arrived here on two-day visit and accorded warmed welcome by the District Administration Faisalabad during the visit the youth from FATA also played a friendly T10 cricket match at Iqbal Stadium. They were very enthusiast
Published 11 May, 2018 12:00am
Pliskova ousts Halep to reach Madrid semi-finals

Pliskova ousts Halep to reach Madrid semi-finals

Defending champion Simona Halep lost her first match at the Madrid Open in three years on Thursday as Karolina Pliskova produced an inspired performance to reach the semi-finals. Halep had won the title here both in 2016 and 2017 but the world number one
Published 11 May, 2018 12:00am
Arda Turan banned for 16 games by Turkey after attacking referee

Arda Turan banned for 16 games by Turkey after attacking referee

Turkish football authorities on Thursday banned the country's best known player Arda Turan, on loan at Super Lig contenders Basaksehir from Barcelona, for 16 games after he attacked a referee in the last minutes of a game. Turan was banned for 10 matches
Published 11 May, 2018 12:00am
Dollar up in Asia

Dollar up in Asia

The dollar held firm on Thursday after the 10-year US bond yield popped above the psychologically important 3 percent mark and investors looked to US consumer price data later in the day that could show an acceleration in inflation. The dollar index stood
Published 11 May, 2018 12:00am
Euro up as dollar's rally stalls in Europe
Currency

Euro up as dollar's rally stalls in Europe

The dollar's rally paused on Thursday as Treasury yields dipped and traders looked to US consumer price data later in the day that could show an acceleration in inflation. Ten-year Treasury yields, which have been pushing the greenback higher, slid back b
Published 11 May, 2018 12:00am
Early trade in New York: CPI miss keeps dollar in check, sterling falls

Early trade in New York: CPI miss keeps dollar in check, sterling falls

The US dollar fell on Thursday against a basket of currencies, holding below its 2018 peak, as a smaller-than-expected increase in consumer prices reduced bets that inflation is accelerating, which could push the Federal Reserve to hike interest rates fas
Published 11 May, 2018 12:00am
Dollar dips in New York
Currency

Dollar dips in New York

The dollar fell on Wednesday from its strongest levels in 2018 against a basket of currencies due to mild profit-taking, but is expected to resume its rise on solid US economic growth and more interest rate increases anticipated from the Federal Reserve.
Published 11 May, 2018 12:00am
Sri Lankan rupee tumble
Currency

Sri Lankan rupee tumble

The Sri Lankan rupee closed marginally weaker on Thursday and ended at a record closing low, prompting the central bank to sell dollars to support the domestic currency, dealers said. The rupee ended at its record closing low of 157.90/158.10 per dollar,
Published 11 May, 2018 12:00am
Asian forex: Malaysian ringgit dips in offshore trade
Currency

Asian forex: Malaysian ringgit dips in offshore trade

The Malaysian ringgit fell in offshore trading on Thursday on news of a shock election victory for opposition party leader Mahathir Mohamad. Mahathir's Pakatan Harapan Alliance scored a wholly unexpected win over Prime Minister Najib Razak's Barisan Nasio
Published 11 May, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Inter-bank buy/sell rates for the taka against the dollar on Thursday. 83.10-83.10 (Previous 83.10-83.10).
Published 11 May, 2018 12:00am
Sterling slides after BoE holds rates
Currency

Sterling slides after BoE holds rates

The pound fell sharply on Thursday to a fresh four-month low against the dollar after the Bank of England held rates steady as expected but cut its growth and inflation projections for this year and next. Sterling also dropped as much as one percent versu
Published 11 May, 2018 12:00am
Kiwi down, Aussie unchanged

Kiwi down, Aussie unchanged

The New Zealand dollar hit a five-month low on Thursday as the country's central bank wrongfooted hawks by keeping interest rates steady and saying the next move might be a cut or a hike. The kiwi dollar went as deep as $0.6934, a level not seen since ear
Published 11 May, 2018 12:00am
Saudi petrochemicals surge as politics pulls down most ME markets

Saudi petrochemicals surge as politics pulls down most ME markets

Saudi Arabian petrochemical shares surged on Thursday as Brent oil hit $78 a barrel, while most of the region's stock markets fell because of geopolitical tensions after Israeli forces traded fire with Iranian forces in Syria.
Published 11 May, 2018 12:00am
Hong Kong stocks rise

Hong Kong stocks rise

Hong Kong stocks rose on Thursday, after data showed China's industrial demand remains resilient even as trade tensions ratchet up with the United States. The Hang Seng index rose 0.9 percent to 30,809.22, while the China Enterprises Index gained 0.4 perc
Published 11 May, 2018 12:00am
Tokyo stocks soar

Tokyo stocks soar

Tokyo stocks closed higher on Thursday, taking a positive lead from Wall Street, but investors remained cautious amid a Japanese corporate earnings season. The benchmark Nikkei 225 index rose 0.39 percent or 88.30 points to 22,497.18 while the broader Top
Published 11 May, 2018 12:00am
Thursday's early afternoon trade: Stocks jump on tepid inflation data

Thursday's early afternoon trade: Stocks jump on tepid inflation data

US stocks rose sharply on Thursday, with the benchmark S&P 500 topping a key technical level for the second straight day, after tepid inflation data eased worries of faster interest rate hikes this year. The Labour Department's consumer price index increa
Published 11 May, 2018 12:00am
Wall Street surges on higher oil

Wall Street surges on higher oil

Wall Street surged on Wednesday as surging oil prices boosted energy stocks following US President Donald Trump's decision the previous day to quit a nuclear agreement with Iran. Gains were broad and volume was high, with all but the utilities and telecom
Published 11 May, 2018 12:00am
Sri Lankan shares down

Sri Lankan shares down

Sri Lankan shares ended marginally lower on Thursday, near a four-week low, weighed down by losses in shares of diversified companies such as Distillers Sri Lanka Plc. The market was also looking for the central bank decision on key monetary policy rates
Published 11 May, 2018 12:00am
Benchmark yield rises over three percent

Benchmark yield rises over three percent

The yield on the benchmark US government note rose back above the psychologically significant level of 3 percent on Wednesday afternoon following fair investor demand at auction for $25 billion in new 10-year notes. The possibility of a 3 percent coupon f
Published 11 May, 2018 12:00am
Australian, New Zealand shares climb

Australian, New Zealand shares climb

Australian shares ended at a more than three-month high on Thursday, boosted by energy and mining companies as rising commodity prices led to increased interest in material stocks. The S&P/ASX 200 index rose 0.18 percent, or 10.7 points, to 6,118.7 at the
Published 11 May, 2018 12:00am
Indian shares lower

Indian shares lower

Indian equities pared early gains and ended lower for the first time in four sessions on Thursday, with shares of pharmaceutical companies such as Sun Pharmaceutical Industries losing further ground. The benchmark BSE index closed down 0.21 percent at 35,
Published 11 May, 2018 12:00am
China stocks edge up

China stocks edge up

China stocks rose slightly on Thursday, after data showing the country's industrial demand remained resilient even as trade tensions ratchet up with the United States. The CSI300 index rose 0.1 percent, to 3,876.49 at the end of the morning session, while
Published 11 May, 2018 12:00am
European shares weighed by BT, utilities

European shares weighed by BT, utilities

European shares pulled lower on Thursday, weighed down by losses in BT following a disappointing update and weakness among utilities stocks, while political jitters hit Italian stocks. The banking sector was a bright spot, however, with gains in RBS follo
Published 11 May, 2018 12:00am
Most South East Asia stocks fall

Most South East Asia stocks fall

Most Southeast Asian stock markets fell on Thursday, with Vietnam sliding 2.7 percent weighed down by lenders, while Philippines shares ended marginally higher after data showed first-quarter economic growth was in line with expectations. The Philippines
Published 11 May, 2018 12:00am
Britain's FTSE sails on sterling slide after BoE

Britain's FTSE sails on sterling slide after BoE

The UK's top share index hit a fresh 3-1/2 month high on Thursday after a decision by the Bank of England to keep rates on hold pushed sterling lower, while shares in Royal Bank of Scotland surged after it settled a probe in the United States. The FTSE in
Published 11 May, 2018 12:00am
BT to cut 13,000 jobs as it tackles bloated legacy

BT to cut 13,000 jobs as it tackles bloated legacy

BT will cut 13,000 managerial and back-office jobs and move to a smaller London base in the latest attempt by the boss of Britain's biggest telecoms group to rebuild from an accounting scandal and multiple pressures on its business. Chief Executive Gavin
Published 11 May, 2018 12:00am
Hong Kong's 'Superman' Li Ka-shing bows out

Hong Kong's 'Superman' Li Ka-shing bows out

Hong Kong's richest man Li Ka-shing on Thursday brought down the curtain on a storied career, saying he had done "the best I can". The 89-year old, known affectionately in the financial hub as Superman for his business acumen, stepped down as chairman of
Published 11 May, 2018 12:00am
RBS agrees to $4.9 billion fine in US

RBS agrees to $4.9 billion fine in US

The Royal Bank of Scotland has agreed to pay US regulators $4.9 billion in fines to settle litigation over subprime mortgage products it sold before the 2008 financial meltown, the Financial Times reported Thursday. The US attorney's Office in Massachuset
Published 11 May, 2018 12:00am
China's ZTE teeters as US ban hits operations

China's ZTE teeters as US ban hits operations

Chinese telecom giant ZTE faces a grim future after ceasing major operations due to a US ban on American sales of critical technology to the company, raising the stakes in a trade spat between the world's two largest economies. The firm's fate has added a
Published 11 May, 2018 12:00am
US files complaint against India in WTO

US files complaint against India in WTO

The United States on Wednesday lodged a complaint against India over indications the country has underreported its price support for grains. Both the underreporting and the excess price support would violate the rules of the World Trade Organization, the
Published 11 May, 2018 12:00am
US hopes to narrow wide gap in China talks

US hopes to narrow wide gap in China talks

US Commerce Secretary Wilbur Ross said Thursday he hopes to see progress to reduce large differences with China in trade talks where hundreds of billions of dollars in commerce are at stake. "The gap is wide," Ross said in congressional testimony, a week
Published 11 May, 2018 12:00am
Philippine growth surges, central bank hikes rates

Philippine growth surges, central bank hikes rates

The Philippine economy was one of Asia's best performers in the first quarter of 2018, data showed Thursday, but concerns over inflation pushed the central bank to lift interest rates. The 6.8 percent expansion, which tied it with China and was only eclip
Published 11 May, 2018 12:00am
China producer inflation picks up for first time in seven months

China producer inflation picks up for first time in seven months

China's producer inflation picked up for the first time in seven months in April, bolstered by surging commodities prices and suggesting its industrial demand remains resilient even as trade tensions ratchet up with the United States. But consumer inflati
Published 11 May, 2018 12:00am
General Motors, Seoul agree to $7 billion bailout for South Korea unit

General Motors, Seoul agree to $7 billion bailout for South Korea unit

US auto giant General Motors and Seoul have agreed on a multi-billion-dollar bailout for the firm's troubled South Korean unit, a government minister said Thursday. GM is the largest US automaker and one of the biggest players in the global industry but i
Published 11 May, 2018 12:00am
US consumer prices rise; labour market tightening

US consumer prices rise; labour market tightening

US consumer prices rose less than expected in April, suggesting that inflation was increasing at a moderate pace, which could allow the Federal Reserve to continue gradually raising interest rates. But with the labour market tightening and oil prices risi
Published 11 May, 2018 12:00am
At least five killed in Mali violence

At least five killed in Mali violence

Gunmen killed at least five people near Mali's troubled northeastern border with Niger, several sources said Thursday. A vehicle travelling from Indelimane to a market in Menaka on Wednesday "was attacked by armed men", a local elected official told AFP o
Published 11 May, 2018 12:00am
Romanian ex-Prime Minister cleared of fraud charges

Romanian ex-Prime Minister cleared of fraud charges

Former Romanian prime minister Victor Ponta was on Thursday cleared of fraud and other charges by the country's high court after a corruption probe. Ponta, 45, had been accused of 17 separate counts of forgery, complicity in tax evasion and money launderi
Published 11 May, 2018 12:00am
'King of Danish painting' dies

'King of Danish painting' dies

Danish painter Per Kirkeby, one of the most influential European artists of the post-war period, has died aged 79, according to his gallery. Widely known as a sculptor, filmmaker and an author whose work focused on landscapes, light and colour, Kirkeby di
Published 11 May, 2018 12:00am
UK apologises to former Libyan dissident Belhaj over rendition

UK apologises to former Libyan dissident Belhaj over rendition

Britain apologised on Thursday for contributing to the mistreatment of Abdel Hakim Belhaj, a former Islamist fighter turned politician who was kidnapped and handed over to Libya in 2004 and subsequently tortured, in an unprecedented admission of culpabili
Published 11 May, 2018 12:00am
Syria rebels exit towns near Damascus, leaving only IS

Syria rebels exit towns near Damascus, leaving only IS

Hundreds of Syrian rebels left an area south of Damascus on Thursday, a monitor and state media said, leaving the capital threatened only by the Islamic State group. Fifteen buses carrying hundreds of fighters and their relatives left the towns of Yalda,
Published 11 May, 2018 12:00am
Hungary's Orban sworn in as premier, eyes 20 years in power

Hungary's Orban sworn in as premier, eyes 20 years in power

Fresh from a landslide election win in April, Hungary's combative premier Viktor Orban was formally sworn in as prime minister Thursday, and hinted at designs on power until at least 2030. "I feel that when we set large goals for ourselves,... we are on t
Published 11 May, 2018 12:00am
UN makes first step toward future environmental pact

UN makes first step toward future environmental pact

The United Nations General Assembly adopted Thursday a framework toward creating a future Global Pact for the Environment as a follow-up to the Paris Agreement on climate change. A majority of 143 of the 193 UN member states adopted a resolution on the Fr
Published 11 May, 2018 12:00am
Mahathir sworn in as world's oldest leader

Mahathir sworn in as world's oldest leader

Ninety-two-year-old Mahathir Mohamad was Thursday sworn in as the world's oldest elected leader after a stunning election win that swept Malaysia's establishment from power after more than six decades. In a huge political upset, former strongman Mahathir'
Published 11 May, 2018 12:00am
At least 41 dead as Kenya dam bursts after torrential rains

At least 41 dead as Kenya dam bursts after torrential rains

At least 41 people died after a dam burst in central Kenya, police said Thursday, as residents described muddy waters ripping through their homes in what one survivor called "hell on earth". After a severe drought, weeks of torrential rains in Kenya have
Published 11 May, 2018 12:00am
Australian centenarian commits assisted suicide in Switzerland

Australian centenarian commits assisted suicide in Switzerland

A 104-year-old Australian scientist on Thursday committed assisted suicide in Switzerland where he went to die after his home country denied him the right to seek help in taking his own life. David Goodall did not have a terminal illness but said his qual
Published 11 May, 2018 12:00am
Macron to Merkel: 'Don't wait, act now' for Europe
Currency

Macron to Merkel: 'Don't wait, act now' for Europe

France's President Emmanuel Macron on Thursday pressed German Chancellor Angela Merkel to move decisively and quickly on reforming the European Union, warning that the bloc stands at a critical juncture as a United States led by Donald Trump turns inward.
Published 11 May, 2018 12:00am
Shanghai copper up; zinc output rises

Shanghai copper up; zinc output rises

The most-traded July copper contract on the Shanghai Futures Exchange ended 0.3 percent higher at 51,070 yuan ($8,036.82) a tonne on Thursday on falling inventories and signs of strong demand in top consumer China, while aluminium retreated for the first
Published 11 May, 2018 12:00am
Aluminium weighed down by options activity, copper gains

Aluminium weighed down by options activity, copper gains

Aluminium fell on Thursday after three sessions of gains, pressured by trade selling and bearish options activity, while copper gained on lower inventories and speculative buying. Benchmark aluminium on the London Metal Exchange closed down 1.4 percent at
Published 11 May, 2018 12:00am
Oil slips on profit-taking from Iran-based rally

Oil slips on profit-taking from Iran-based rally

Crude prices slipped on Thursday, giving up early gains as investors took profit on a rally triggered by potential disruption to oil flows from major exporter Iran in the face of US sanctions. Losses, however, were limited as the market contended with con
Published 11 May, 2018 12:00am
Brazil center-south cane millers to produce lowest sugar

Brazil center-south cane millers to produce lowest sugar

Millers in Brazil's center-south cane belt will divert less of a smaller-than-expected crush to sugar than previously forecast this year, causing output to fall 14 percent from the prior season, commodity brokerage INTL FC Stone said on Tuesday. Brazil's
Published 11 May, 2018 12:00am
Tokyo, Shanghai rubber up
Currency

Tokyo, Shanghai rubber up

Benchmark Tokyo rubber futures ended higher on Thursday, supported by a weaker yen against the dollar and strength in Shanghai futures. "Despite the gains, the worries over weak fundamentals remained, as rubber stockpiles are pretty high," said a Japanese
Published 11 May, 2018 12:00am
Malaysia's end-April palm stocks fall to seven-month low

Malaysia's end-April palm stocks fall to seven-month low

Malaysia's palm oil inventories fell to a seven-month low at end-April, declining for a fourth straight month as exports and domestic consumption outpaced production, official data showed on Thursday. End-stocks in Malaysia, the world's second largest pal
Published 11 May, 2018 12:00am
Arabica coffee rebounds, sugar dips
Currency

Arabica coffee rebounds, sugar dips

Arabica coffee futures on ICE rebounded from a two-week low on Thursday, up for the first time in five sessions on support from a stronger Brazilian currency, while sugar prices dipped after data showed a strong start to the 2018/19 cane crush there. Braz
Published 11 May, 2018 12:00am
Gold slips in New York

Gold slips in New York

Gold prices dipped on Wednesday as safe-haven buying failed to kick in after the United States withdrew from the Iranian nuclear accord, and as rising US Treasury yields added pressure. Dismayed European allies sought to salvage the international nuclear
Published 11 May, 2018 12:00am
Gold unchanged in Asia

Gold unchanged in Asia

Gold traded sideways in a tight range on Thursday as the dollar held firm near its 2018 peak on strong US bond yields, with investors also keeping an eye out for any further impact from US President Donald Trump's decision to pull out of a nuclear deal wi
Published 11 May, 2018 12:00am
Gold surges in Europe

Gold surges in Europe

Gold rose on Thursday as the dollar edged away from 2018 highs after weaker than forecast US inflation data and as simmering tensions between the United States and Iran lent the precious metal further support. The dollar slipped from a 4-1/2 month peak af
Published 11 May, 2018 12:00am
US MIDDAY: wheat down

US MIDDAY: wheat down

Chicago Board of Trade wheat futures fell to a near two-week low on Thursday after the US Department of Agriculture's first official estimate of the 2018-19 US wheat harvest came in above trade expectations. Corn futures followed wheat lower, while soyabe
Published 11 May, 2018 12:00am
US MIDDAY: gold rises

US MIDDAY: gold rises

Gold rose on Thursday as the US dollar backed away from 2018 highs after weaker-than-forecast US inflation data and as tensions between the United States and Iran also supported the precious metal. The dollar slipped from a 4-1/2-month peak after US data
Published 11 May, 2018 12:00am
Pakistan HC to open Muhammad Ali Jinnah Park in Canada

Pakistan HC to open Muhammad Ali Jinnah Park in Canada

High Commissioner of Pakistan Tariq Azim Khan to inaugurate first ever Muhammad Ali Jinnah Park in Canada at the invitation of Government of Manitoba and Pakistani Canadian community, Winnipeg. The High Commissioner of Pakistan Tariq Azim Khan will be vis
Published 11 May, 2018 12:00am
SECP, 1Link sign accord for ease-of-doing-business

SECP, 1Link sign accord for ease-of-doing-business

As part of doing business reforms agenda, the Securities and Exchange Commission of Pakistan (SECP) and 1Link (Guarantee) Limited (1Link) signed an agreement on Thursday to develop a facility to enable the users of SECP's eSevices to pay fees using intern
Published 11 May, 2018 12:00am
SECP appellant bench sets aside Insurance Division's order

SECP appellant bench sets aside Insurance Division's order

While dismissing an order of Securities and Exchange Commission of Pakistan (SECP) against statutory auditors of an international Islamic insurance company, the Appellant Bench SECP observed that it is correct that the auditor should maintain his professi
Published 11 May, 2018 12:00am
PTA launches DIRBS system

PTA launches DIRBS system

Pakistan Telecommunication Authority (PTA) on Thursday launched Device Identification, Registration and Blocking System (DIRBS) to automatically identify substandard, fake and illegally imported mobile phones as well as to register and block non-compliant
Published 11 May, 2018 12:00am
UNODC leading global efforts against drug trafficking: Cesar

UNODC leading global efforts against drug trafficking: Cesar

The UNODC Country Office in Pakistan and the Embassy of Japan hosted a play-up media event for UNODC projects aimed at enhancing air cargo security, combating transnational organized crime, strengthening border security against illicit drug trafficking an
Published 11 May, 2018 12:00am
Pakistan Pavilion opens at Qatar exhibition

Pakistan Pavilion opens at Qatar exhibition

The Ambassador of Pakistan Shahzad Ahmad inaugurated the Pakistan Pavilion at the 15th Edition of Project Qatar Exhibition being held at the Doha Exhibition & Convention Centre (DECC) from 7th to 10th May, 2018, at a simple but impressive ceremony.
Published 11 May, 2018 12:00am
Another quake hits various parts of Khyber Pakhtunkhwa

Another quake hits various parts of Khyber Pakhtunkhwa

An earthquake of 5.3 magnitude struck the federal capital, various parts of Khyber Pakhtunkhwa (KP) and upper parts of the country on Thursday, said National Seismic Monitoring Centre of Pakistan Meteorological Department. The earthquake's epicenter was t
Published 11 May, 2018 12:00am
Discussions on Fata reforms remain inconclusive

Discussions on Fata reforms remain inconclusive

A huddle of parliamentary leaders and representatives of various political parties on the Federally Administered Tribal Areas (FATA) reforms remained inclusive on Thursday. A meeting presided over by Prime Minister Shahid Khaqan Abbasi was held in his cha
Published 11 May, 2018 12:00am
Seminar on present and future of strategic export controls ends

Seminar on present and future of strategic export controls ends

A two-day international seminar on 'The Present and Future of Strategic Export Controls' organized by Strategic Export Control Division, Ministry of Foreign Affairs, concluded here on Thursday. The seminar was aimed at reinforcing networking among the exp
Published 11 May, 2018 12:00am
Concrete steps needed to increase trade with Azerbaijan: minister
Cotton

Concrete steps needed to increase trade with Azerbaijan: minister

Azerbaijan ambassador Ali Alizada and Romanian ambassador Nicolae Gola on Thursday called on the Federal Minister for Commercee and Textile, Pervaiz Malik. The Commerce Minister said that there exists a great potential between Azerbaijan and Pakistan but
Published 11 May, 2018 12:00am
Jirga asks government to allow PTM's rally in Karachi

Jirga asks government to allow PTM's rally in Karachi

The Jirga, formed to hold talks with Pashtun Tahaffuz Movement (PTM), has asked the Sindh government to allow the movement to hold rally in Karachi on May 13 in a democratic manner. Briefing media after the Jirga meeting in Hayatabad, Peshawar, Jirga memb
Published 11 May, 2018 12:00am
KBP to attend MMA public meeting

KBP to attend MMA public meeting

The Kissan Board Pakistan (KBP) has decided to fully participate in the Mutthida Majlis-e-Amal (MMA) public meeting scheduled for May 13, 2018. KBP Central President Chaudhry Nisar Ahmad undertook a tour of all the districts of the Punjab province to conv
Published 11 May, 2018 12:00am
Haveli Bahadur Shah power plant starts operations

Haveli Bahadur Shah power plant starts operations

National Power Parks Management Company Limited (NPPMCL), GE and SEPCOIII Electric Power Construction Co., Ltd. Thursday announced that the Haveli Bahadur Shah (HBS) power plant has completed all commissioning activities and has now started combined cycle
Published 11 May, 2018 12:00am
Pakistan, Uzbekistan to have cooperation in cotton production
Cotton

Pakistan, Uzbekistan to have cooperation in cotton production

Visa Consular Shukhrat Zaripov and Commercial Attache Jasur Saydakhmedov from Uzbekistan Embassy in Pakistan said that Uzbekistan was listed on top among countries producing the best quality cotton and talks were underway for cooperation with Pakistan on
Published 11 May, 2018 12:00am
PSKA to develop modern graveyards in other districts also

PSKA to develop modern graveyards in other districts also

The Punjab Shehr-e-Khamoshan Authority (PSKA) is currently running Model Cemeteries in Lahore, Sargodha and Faisalabad and is soon to expand its initiatives to other districts. The PSKA has constructed state-of-the-art Model Cemeteries to facilitate citiz
Published 11 May, 2018 12:00am
Punjab and Sindh police ink accord for data sharing

Punjab and Sindh police ink accord for data sharing

The Punjab Police on Thursday inked an agreement with the Sindh police to enhance mutual sharing of criminals' data committing inter-provincial crimes by devising digitalized software of criminals which will also enable the law enforcers to restrict movem
Published 11 May, 2018 12:00am
Drugs worth Rs 2.39 billion seized

Drugs worth Rs 2.39 billion seized

Anti Narcotics Force Pakistan seized 226kg narcotics valuing Rs 2.39 billion internationally, arrested 30 persons including 3 women involved in drug smuggling and impounded 7 vehicles while conducting 27 counter-narcotics strikes across the country recent
Published 11 May, 2018 12:00am
Oil gas energy industry: Three-day exhibition opens

Oil gas energy industry: Three-day exhibition opens

Punjab Minister for Investment, Commerce and Trade Sheikh Alla uddin on Thursday inaugurated the three-day 16th international exhibition for the gas and oil energy industry, POGEE-2018, here at the Expo Centre. Over 300 companies from different countries
Published 11 May, 2018 12:00am
'Industry-academia linkage vital to promote modern agriculture'

'Industry-academia linkage vital to promote modern agriculture'

Monsanto's Vice President ASEAN & Pakistan, Lance Wang has said that considering the challenges related to food security, climatic conditions, and water scarcity, it's time to embrace more technologically advanced approaches to agriculture for allowing us
Published 11 May, 2018 12:00am
Sowing of rice: Action plan for minimising water usage urged

Sowing of rice: Action plan for minimising water usage urged

Speakers at a seminar stressed the need for developing an action plan which can ensure minimum usage of water for sowing of rice without compromising on yield or quality. The seminar "Water Productivity and Sustainable Rice Production" was organised by Ri
Published 11 May, 2018 12:00am
Newly-imposed restrictions: Local auto industry's sale may decline

Newly-imposed restrictions: Local auto industry's sale may decline

The local auto industry may suffer decline in its sales in case the newly-imposed restriction comes into effect that only filers are allowed to buy locally manufactured motor vehicles. As per estimates of the auto industry, the loss to the industry revenu
Published 11 May, 2018 12:00am
SECP urges NA to exempt AOB from income tax

SECP urges NA to exempt AOB from income tax

The Securities and Exchange Commission of Pakistan (SECP) has requested the National Assembly to recommend granting tax exemption to Audit Oversight Board (AOB) by including it into the Second Schedule to the Income Tax Ordinance, 2001 as a part of budget
Published 11 May, 2018 12:00am
SC disallows IHC, LHC judges plea for open court proceedings

SC disallows IHC, LHC judges plea for open court proceedings

Disposing of the constitution petitions of Justice Shaukat and Justice Muhammad Farrukh Irfan Khan, the apex court said the question regarding conduct of proceedings through open justice needs to be revisited and decided afresh by the Supreme Judicial Cou
Published 11 May, 2018 12:00am
JPTC Phase II groundbreaking ceremony held

JPTC Phase II groundbreaking ceremony held

The American Embassy's International Narcotics and Law Enforcement Affairs Section (INL) Director Gregory Schiffer held a joint groundbreaking ceremony on Thursday with Khyber Pakhtunkhwa (KP) Police Additional IGP Dr Muhammad Naeem Khan for Phase II cons
Published 11 May, 2018 12:00am
Drive to enrol children in Fata schools launched

Drive to enrol children in Fata schools launched

Governor Khyber Pakhtunkhwa Iqbal Zafar Jhagra formally launched children enrollment drive in Federally Administered Tribal Area (FATA) here at Governor's House Thursday. Besides, Secretary Social Sector FATA Yousaf Raheem and Director Education FATA Hash
Published 11 May, 2018 12:00am
Sindh budget 2018-19: Over Rs 96 billion earmarked for health sector

Sindh budget 2018-19: Over Rs 96 billion earmarked for health sector

Sindh government has allocated Rs 96.38 billion for health sector in the budget for financial year 2018-19. "Apart from rupees 12.2 billion for non-development side, rupees 12.50 billion has been allocated in the head of development," Sindh Chief Minister
Published 11 May, 2018 12:00am
Sindh budget 2018-19: Over Rs 96 billion earmarked for health sector

Sindh budget 2018-19: Over Rs 96 billion earmarked for health sector

Sindh government has allocated Rs 96.38 billion for health sector in the budget for financial year 2018-19. "Apart from rupees 12.2 billion for non-development side, rupees 12.50 billion has been allocated in the head of development," Sindh Chief Minister
Published 11 May, 2018 12:00am
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