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Nov 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-05-16
Hong Kong stocks lower

Hong Kong stocks lower

Hong Kong stocks snapped a six-day winning streak to end lower on Tuesday, amid renewed fears of a Sino-US trade fear and worries about China economy. The Hang Seng index ended 1.2 percent down at 31,152.03, while the China Enterprises Index closed down 0
Published 16 May, 2018 12:00am
Tokyo stocks down

Tokyo stocks down

Tokyo stocks fell on Tuesday as investors cashed in profits following three straight days of gains. The benchmark Nikkei 225 index lost 0.21 percent, or 47.84 points, to close at 22,818.02 while the broader Topix index edged down 0.04 percent, or 0.77 poi
Published 16 May, 2018 12:00am
Tuesday's early trade: Wall Street slips

Tuesday's early trade: Wall Street slips

Wall Street slipped on Tuesday after retail sales data pointed to a steady rise in inflation, reviving fears of faster interest rate hikes, while a lack of progress in US-China trade talks continued to weigh on the market. After the data, which supports e
Published 16 May, 2018 12:00am
Indian shares flat

Indian shares flat

Indian shares shed early gains to end largely flat on Tuesday after the main opposition Congress party said it would form an alliance with the Janata Dal (Secular) party to rival Prime Minister Narendra Modi's Bharatiya Janata Party (BJP) in the assembly
Published 16 May, 2018 12:00am
Treasury yields edge up

Treasury yields edge up

Treasury yields edged up on Monday, extending weekend gains as trade tensions eased a day after President Donald Trump pledged to help Chinese telecommunications company ZTE Corp, which has been penalized for violating US sanctions with Iran. US Commerce
Published 16 May, 2018 12:00am
Treasury yields edge up

Treasury yields edge up

Treasury yields edged up on Monday, extending weekend gains as trade tensions eased a day after President Donald Trump pledged to help Chinese telecommunications company ZTE Corp, which has been penalized for violating US sanctions with Iran. US Commerce
Published 16 May, 2018 12:00am
Emaar sends Dubai up; other Gulf markets close mixed

Emaar sends Dubai up; other Gulf markets close mixed

Dubai led a rise in United Arab Emirates (UAE) markets on Tuesday, closing more than 1 percent up, backed by solid gains in blue chips, while Saudi and Qatar reversed earlier gains and closed on a slightly negative note. The Dubai index closed 1.1 percent
Published 16 May, 2018 12:00am
China stocks surge

China stocks surge

China stocks ended higher on Tuesday, underpinned by a rally in late trade, as optimism towards MSCI inclusion of 234 Chinese large caps helped overcome worries about China economy and Sino-US trade war. The blue-chip CSI300 index ended 0.4 percent higher
Published 16 May, 2018 12:00am
European shares buoyed by oil stocks

European shares buoyed by oil stocks

European shares inched up on Tuesday after a choppy session as higher Brent crude prices lifted oil stocks to their highest level since September 2014, offsetting a drop in telecoms. The STOXX 600 index rose 0.1 percent, reversing weakness seen in morning
Published 16 May, 2018 12:00am
FTSE gets energy boost while Vodafone flags

FTSE gets energy boost while Vodafone flags

Britain's top share index hit a four-month high on Tuesday as oil majors rallied, though Vodafone's shares struggled after the world's second largest mobile operator said its boss was leaving. The FTSE blue-chip benchmark ended the day up 0.2 percent, whi
Published 16 May, 2018 12:00am
EU, Cuba build ties in face of US pressure

EU, Cuba build ties in face of US pressure

The EU and Cuba are to sign a renewable energy deal on Tuesday, a step towards normalising relations in defiance of Washington's continuing hardline stance on Havana. As it scrabbles to save the Iran nuclear deal after US President Donald Trump ditched it
Published 16 May, 2018 12:00am
BMW to be first foreign firm to test self-driving car in China

BMW to be first foreign firm to test self-driving car in China

Shanghai has granted BMW a licence for self-driving car testing, setting up the German luxury brand to become the first foreign automaker to test autonomous vehicles on the road in China. As global car giants race for an advantage in the world's largest c
Published 16 May, 2018 12:00am
China's industrial output jumps but sales slump

China's industrial output jumps but sales slump

China's industrial output beat forecasts in April but retail sales slumped, official data showed Tuesday, as the world's second largest economy faces headwinds from its debt battle and US trade frictions. Output at factories and workshops expanded 7.0 per
Published 16 May, 2018 12:00am
Vodafone returns to profit, announces CEO departure

Vodafone returns to profit, announces CEO departure

British telecoms giant Vodafone on Tuesday announced a return to annual profit, as it revealed that long-serving chief executive Vittorio Colao will step down later this year. Group Chief Financial Officer Nick Read will succeed Colao from October, with t
Published 16 May, 2018 12:00am
Vodafone returns to profit, announces CEO departure

Vodafone returns to profit, announces CEO departure

British telecoms giant Vodafone on Tuesday announced a return to annual profit, as it revealed that long-serving chief executive Vittorio Colao will step down later this year. Group Chief Financial Officer Nick Read will succeed Colao from October, with t
Published 16 May, 2018 12:00am
Jobs surge points to firmer UK economy, wage signals mixed

Jobs surge points to firmer UK economy, wage signals mixed

British employers hired many more workers than expected in early 2018, a tentative sign that the economy's weak start to the year may be temporary, as the Bank of England hopes. Employment rose by 197,000 during the first quarter, the biggest jump since l
Published 16 May, 2018 12:00am
Seattle taxes businesses to fight homelessness

Seattle taxes businesses to fight homelessness

The City Council in Seattle, home to Amazon, Starbucks and other major companies, has passed an ordinance that would tax businesses in a bid to fight homelessness. The legislation, passed on Monday by a 9-0 vote, would impose an annual tax of $275 per ful
Published 16 May, 2018 12:00am
US hits Iran central bank governor with sanctions
Currency

US hits Iran central bank governor with sanctions

The United States slapped sanctions Tuesday on Valiollah Seif, the governor of the Central Bank of Iran, accusing him of helping the country's Revolutionary Guard Corps transfer millions of dollars to Lebanon's Hezbollah. In the second move in a week taki
Published 16 May, 2018 12:00am
Air France-KLM names interim leaders after CEO's quick exit

Air France-KLM names interim leaders after CEO's quick exit

Air France-KLM named chief financial officer Frederic Gagey as its interim CEO on Tuesday following Jean-Marc Janaillac's sudden exit in a bitter dispute over salaries in the group's French wing. Former French minister Anne-Marie Couderc was named non-exe
Published 16 May, 2018 12:00am
US consumer spending picking up, gasoline prices a threat

US consumer spending picking up, gasoline prices a threat

US retail sales increased marginally in April as rising gasoline prices cut into discretionary spending, but consumer spending appeared on track to accelerate after slowing sharply in the first quarter. The economic outlook got a boost from other data on
Published 16 May, 2018 12:00am
Mancini confirmed as Italy head coach

Mancini confirmed as Italy head coach

Roberto Mancini has been officially appointed as the new head coach of Italy, the Italian football federation (FIGC) confirmed on Monday. The 53-year-old former Manchester City and Inter Milan manager, who left Zenit Saint Petersburg at the weekend, will
Published 16 May, 2018 12:00am
19 years on, Bangladesh bury hatchet with ex-coach Greenidge

19 years on, Bangladesh bury hatchet with ex-coach Greenidge

Bangladesh have finally buried the hatchet with West Indies batting great Gordon Greenidge - nearly two decades after unceremoniously sacking him as head coach in the middle of the 1999 World Cup. The Bangladesh Cricket Board hosted a reception for Greeni
Published 16 May, 2018 12:00am
England recall Buttler for first Pakistan Test

England recall Buttler for first Pakistan Test

England recalled batsman Jos Buttler in a 12-man squad announced Tuesday for the first Test against Pakistan at Lord's on May 24. In the first England squad since former Test batsman Ed Smith took over as national selector, Somerset off-spinner Dom Bess w
Published 16 May, 2018 12:00am
English football club install safe-standing area

English football club install safe-standing area

English League One side Shrewsbury have begun work to install safe-standing rail seats at their ground, nearly 30 years after the Hillsborough disaster left scores of Liverpool fans dead. Clubs in England's top two divisions have been legally required to
Published 16 May, 2018 12:00am
Ball-tamperer Bancroft cleared to play club cricket

Ball-tamperer Bancroft cleared to play club cricket

Cameron Bancroft has been cleared to play club cricket in Western Australia while serving his ban for ball-tampering in South Africa, as he looks for redemption over a scandal that tarnished his name. The 25-year-old opening batsman was suspended for nine
Published 16 May, 2018 12:00am
Injured Neuer in German World Cup squad as frictions stir

Injured Neuer in German World Cup squad as frictions stir

Injured Manuel Neuer was named in Germany's extended 27-man World Cup squad for Russia 2018, despite not playing since September, as political frictions threw a shadow over Tuesday's announcement. Both midfielders Mesut Ozil and Ilkay Gundogan are include
Published 16 May, 2018 12:00am
Manohar re-elected as ICC chairman

Manohar re-elected as ICC chairman

India's Shashank Manohar has been re-elected chairman of the International Cricket Council for another two years, the sport's world governing body said Tuesday. Manohar, who became the ICC's first independent chairman in 2016, was elected unopposed for a
Published 16 May, 2018 12:00am
Former Aston Villa defender Samuel killed in car crash

Former Aston Villa defender Samuel killed in car crash

Former Aston Villa and Bolton defender Jlloyd Samuel died in a car crash on Tuesday at the age of 37, Cheshire Police confirmed. Samuel, who also won two international caps for Trinidad and Tobago, was involved in a collision with a truck in High Legh, no
Published 16 May, 2018 12:00am
Bajaur Levies win Bajaur Cricket Super League

Bajaur Levies win Bajaur Cricket Super League

Bajaur Super League, the first ever private grand cricket festival in the agency concluded here Tuesday. Bajaur Levies Cricket Association won the BSL tournament by defeating Bajaur Green in the final match played at Bajaur sports complex. The Bajaur Supe
Published 16 May, 2018 12:00am
Imam-ul-Haq sees Pakistan to victory over Ireland

Imam-ul-Haq sees Pakistan to victory over Ireland

Pakistan debutant Imam-ul-Haq saw his side to victory as Ireland's first match in men's Test cricket ended in a gallant last-day defeat by five wickets at Malahide on Tuesday. Pakistan, set a seemingly modest 160 to win, after earlier making Ireland follo
Published 16 May, 2018 12:00am
Bahrain strips 115 of nationality over 'terrorism'

Bahrain strips 115 of nationality over 'terrorism'

A Bahrain court on Tuesday sentenced 115 Bahrainis to jail terms ranging from three years to life and stripped them of their nationality for forming an Iran-linked "terrorist" group, the public prosecutor said. A judicial source told AFP the group were al
Published 16 May, 2018 12:00am
Dutch government dropping Kaspersky software over spying fears

Dutch government dropping Kaspersky software over spying fears

The Dutch government is phasing out the use of anti-virus software made by Russian firm Kaspersky Lab amid fears of possible spying, despite vehement denials by the Moscow-based cyber security company. The Dutch Justice and Security ministry said in a sta
Published 16 May, 2018 12:00am
Missing Commonwealth Games athletes resurface, want asylum in Australia

Missing Commonwealth Games athletes resurface, want asylum in Australia

A number of African athletes who went missing from the Commonwealth Games last month have resurfaced seeking advice on gaining asylum in Australia, refugee advocates said Tuesday. More than a dozen were suspected of fleeing during the showpiece event on t
Published 16 May, 2018 12:00am
Iran upbeat on nuclear deal hopes after EU talks

Iran upbeat on nuclear deal hopes after EU talks

Iran's foreign minister said Tuesday that efforts to save the nuclear deal after the abrupt US withdrawal were "on the right track" as he began talks with European powers in Brussels. Mohammad Javad Zarif met EU foreign policy chief Federica Mogherini ahe
Published 16 May, 2018 12:00am
Putin drives across new bridge linking Moscow-annexed Crimea to Russia

Putin drives across new bridge linking Moscow-annexed Crimea to Russia

Russian President Vladimir Putin drove a truck across a new bridge linking mainland Russia to Moscow-annexed Crimea on Tuesday, triggering a fierce reaction from Kiev. Russian state television showed Putin dressed in jeans and a casual jacket sit behind t
Published 16 May, 2018 12:00am
Tom Wolfe, author of 'The Right Stuff' dies

Tom Wolfe, author of 'The Right Stuff' dies

Tom Wolfe, the groundbreaking American journalist and novelist best known for "The Right Stuff" and "The Bonfire of the Vanities," has died, US media reported on Tuesday. He was 88. Wolfe's agent Lynn Nesbit told several media the author died Monday in a
Published 16 May, 2018 12:00am
Saudi Arabia says intercepts missile fired from Yemen

Saudi Arabia says intercepts missile fired from Yemen

Saudi air defences on Tuesday intercepted a ballistic missile fired into the south of the kingdom from Huthi rebel-held territory in neighbouring Yemen, said a spokesman for the Saudi-led coalition. Debris from the missile landed in residential areas of t
Published 16 May, 2018 12:00am
Facebook shut 583 million fake accounts

Facebook shut 583 million fake accounts

Facebook axed 583 million fake accounts in the first three months of 2018, the social media giant said Tuesday, detailing how it enforces "community standards" against sexual or violent images, terrorist propaganda or hate speech. Responding to calls for
Published 16 May, 2018 12:00am
Protests break out in London as Erdogan meets Queen, May

Protests break out in London as Erdogan meets Queen, May

Angry protests greeted Turkish President Recep Tayyip Erdogan on Tuesday as he met Queen Elizabeth II and held talks with Prime Minister Theresa May. Minor scuffles broke out as pro-Erdogan counter-protesters walked in front of Kurdish demonstrators outsi
Published 16 May, 2018 12:00am
Gap 'terribly sorry' over China map shirt omitting Taiwan

Gap 'terribly sorry' over China map shirt omitting Taiwan

US clothing retailer Gap has apologised to China over a T-shirt with a map showing the mainland but omitting Taiwan, becoming the latest foreign firm to run afoul of Beijing's policy on the self-ruling island. China, which considers Taiwan a rebel provinc
Published 16 May, 2018 12:00am
North Korea to join efforts for total nuclear weapons test ban

North Korea to join efforts for total nuclear weapons test ban

North Korea plans to join international efforts to implement a total ban on nuclear weapons tests, it told the United Nations disarmament body Tuesday. "DPRK will join international desires and efforts for a total ban on nuclear tests," North Korea's amba
Published 16 May, 2018 12:00am
Copper falls as dollar and inventories climb
Currency

Copper falls as dollar and inventories climb

Copper fell on Tuesday under pressure from negative sentiment fuelled by a higher dollar and rising inventories, though upbeat industrial production data from China offered some support. Benchmark copper on the London Metal Exchange ended down 1.1 percent
Published 16 May, 2018 12:00am
China refinery runs hit second-highest mark

China refinery runs hit second-highest mark

China's refinery runs rose nearly 12 percent in April compared with the same month a year ago, hitting the second-highest level on record on a daily basis, buoyed by generous government quotas and healthy refining margins, data showed on Tuesday. April th
Published 16 May, 2018 12:00am
Oil supported by Iran sanction fears, holds near 2014 highs

Oil supported by Iran sanction fears, holds near 2014 highs

Oil prices ended a shade firmer after retreating from multi-year highs hit early in the day on Tuesday, supported by concerns that US sanctions on Iran are likely to restrict crude exports from one of the biggest producers in the Middle East. Brent crude
Published 16 May, 2018 12:00am
Tokyo rubber falls on weak Shanghai

Tokyo rubber falls on weak Shanghai

Benchmark Tokyo rubber futures, which set the tone for rubber prices in Southeast Asia, slid on Tuesday tracking Shanghai, as some investors took short positions amid high inventories of the tyre-making commodity. The Tokyo Commodity Exchange (TOCOM) rubb
Published 16 May, 2018 12:00am
Palm oil extends gains on weaker ringgit
Vegetable Oil

Palm oil extends gains on weaker ringgit

Malaysian palm oil futures rose on Tuesday evening for a second straight session of gains, supported by a weaker ringgit and slight strength in CBOT soyaoil futures. Weakness in the ringgit typically boosts demand by making the tropical oil cheaper for ho
Published 16 May, 2018 12:00am
New York cocoa takes biggest tumble in six weeks, raw sugar up

New York cocoa takes biggest tumble in six weeks, raw sugar up

New York cocoa futures on ICE took their biggest one-day fall in six weeks on Tuesday, pressured by the weak British pound and layers of automatic sell orders, potentially signalling that this year's strong advance may be starting to run out of steam. Jul
Published 16 May, 2018 12:00am
Gold dips in New York

Gold dips in New York

Gold slipped on Monday as the US dollar strengthened and precious metals prices remained within a tight range as investors awaited key US data. Spot gold lost 0.3 percent at $1,314.17 per ounce by 2:31 p.m. EDT (1831 GMT), erasing earlier gains after the
Published 16 May, 2018 12:00am
Gold unchanged in Asia

Gold unchanged in Asia

Gold traded sideways in Asian hours on Tuesday, buoyed by safe-haven demand with upside potential restricted by a firm dollar and outlook for higher interest rates in the United States. Spot gold was nearly unchanged at $1,311.51 per ounce at 0619 GMT. US
Published 16 May, 2018 12:00am
Gold slips in Europe
Currency

Gold slips in Europe

Gold slid more than 1 percent on Tuesday, falling for a third day to hit its lowest this year as a rise in US borrowing costs pushed up the dollar and overshadowed the impact of strife in Gaza. Downward momentum in gold picked up after the metal broke bel
Published 16 May, 2018 12:00am
US MIDDAY: wheat down

US MIDDAY: wheat down

US wheat futures fell on Tuesday, extending a losing streak that pushed prices for hard red winter wheat contracts to a three-week low amid improving crop conditions, traders said. Soyabean futures eased on a technical selling while corn futures firmed, w
Published 16 May, 2018 12:00am
US MIDDAY: gold hits fresh 2018 low
Currency

US MIDDAY: gold hits fresh 2018 low

Gold slid more than 1 percent on Tuesday, falling for a third day to hit its lowest this year as a rise in US borrowing costs pushed up the dollar and overshadowed the impact of strife in Gaza. Downward momentum in gold picked up after the metal broke bel
Published 16 May, 2018 12:00am
SBI, NLC sign MoU for setting up logistics park

SBI, NLC sign MoU for setting up logistics park

Sindh Board of Investment (SBI) and National Logistics Cell (NLC) have signed a Memorandum of Understanding (MoU) to promote setting up a logistics park at proposed China-Pakistan Special Economic Zone, Dhabeji, Thatta. The MoU was signed by Director Gene
Published 16 May, 2018 12:00am
Pakistan Petroleum Limited
Mutual Funds

Pakistan Petroleum Limited

Pakistan Petroleum Limited (PSX: PPL) is a key supplier of natural gas in the country. The company is engaged in conducting exploration, prospecting, development and production of oil and natural gas resources. PPL and its subsidiaries hold a portfolio of
Published 16 May, 2018 12:00am
Pakistan Petroleum Limited
Mutual Funds

Pakistan Petroleum Limited

Pakistan Petroleum Limited (PSX: PPL) is a key supplier of natural gas in the country. The company is engaged in conducting exploration, prospecting, development and production of oil and natural gas resources. PPL and its subsidiaries hold a portfolio of
Published 16 May, 2018 12:00am
PU Ramazan timings

PU Ramazan timings

Punjab University has issued notification of office timings during the month of Ramzan-ul-Mubarik. The PU will remain opened from 8 a.m. to 2 p.m. (Monday to Thursday) while 8am to 12 noon on Friday. While the University Health Centre and the essential se
Published 16 May, 2018 12:00am
Fund-raising campaign: Coca-Cola partners with Edhi Foundation

Fund-raising campaign: Coca-Cola partners with Edhi Foundation

Following last year's exceptional response to Coca-Cola Pakistan's fund-raising campaign supporting the Edhi Foundation, the Company has once again announced their partnership with Pakistan's leading humanitarian and social welfare services organization f
Published 16 May, 2018 12:00am
Call to withdraw WHT on bank transactions

Call to withdraw WHT on bank transactions

Founders Group at the Lahore Chamber of Commerce and Industry has demanded of the government to withdraw withholding tax on bank transactions as it is not only jacking up the cost of doing business but also promoting trust deficit between the government a
Published 16 May, 2018 12:00am
FCCI proposes incubation centre for business starters

FCCI proposes incubation centre for business starters

Faisalabad Chamber of Commerce & Industry (FCCI) is actively considering a proposal to setup an incubation centre for business starters of this region, said Shabbir Hussain Chawla President FCCI. He was giving briefing to a delegation of Sahiwal Chamber o
Published 16 May, 2018 12:00am
Vietnam, Pakistan to sign FTA soon: envoy

Vietnam, Pakistan to sign FTA soon: envoy

Ambassador of Vietnam to Pakistan Pham Hong Kim on Monday said that Vietnam and Pakistan are actively considering signing "Free Trade Agreement" for boosting bilateral trade between the two countries. Addressing the members of Sialkot Chamber of Commerce
Published 16 May, 2018 12:00am
Circular debt crosses massive Rs 500 billion mark

Circular debt crosses massive Rs 500 billion mark

Some 48 percent of the Independent Power Producers (IPPs) are non-operational due to the non-payment of dues, said power sector sources. It may be noted that the circular debt has crossed the magical figure of Rs 500 billion and is further likely to grow
Published 16 May, 2018 12:00am
PCMA signs MoU with ACC

PCMA signs MoU with ACC

Pakistan Chemical Manufacturers' Association (PCMA) Tuesday signed a memorandum of understanding (MoU) with the American Chemistry Council (ACC) to manage certification of the global Responsible Care Program "RC 14001" within Pakistan.
Published 16 May, 2018 12:00am
Punjab to launch anti-measles drive in five districts

Punjab to launch anti-measles drive in five districts

In the wake of surge in measles cases, the Punjab government is going to launch a measles mop-up campaign in the selected union councils (UCs) of five districts of the province of Punjab including Lahore, Rawalpindi, Attock, Gujranwala and Rajanpur.
Published 16 May, 2018 12:00am
Shahbaz slams Israeli aggression against Palestinians

Shahbaz slams Israeli aggression against Palestinians

Pakistan Muslim League-Nawaz (PML-N) President Muhammad Shahbaz Sharif has strongly condemned the unprovoked firing of Israeli army and bombardment at Palestinians in Gaza. Extending sympathies to the heirs of martyred Palestinians, Shahbaz prayed for ear
Published 16 May, 2018 12:00am
Rain with gusty winds likely for up-country

Rain with gusty winds likely for up-country

The Met Office said on Tuesday that a westerly wave is affecting upper parts of the country and likely to persist during next 3-4 day. It said more rain-thundershower with gusty winds/dust-storm is expected today (Wednesday) at scattered places of Malakan
Published 16 May, 2018 12:00am
Shahbaz accuses PTI of ruining KP

Shahbaz accuses PTI of ruining KP

Pakistan Muslim League-Nawaz (PML-N) President Muhammad Shahbaz Sharif has said the PTI has devastated the province of KPK and the whole city of Peshawar has also been defaced. In his telephonic address at a public meeting at Butgram district of KPK on Tu
Published 16 May, 2018 12:00am
Opposition leader slams Nawaz for rejecting NSC declaration

Opposition leader slams Nawaz for rejecting NSC declaration

Opposition leader in the Punjab Assembly Mian Mahmood-ur-Rashid on Tuesday protested against the rejection of declaration of National Security Council by Nawaz Sharif and demanded that Prime Minister Shahid Khaqan Abbasi should resign immediately. The ses
Published 16 May, 2018 12:00am
Senate body condemns killing of 70 Palestinians

Senate body condemns killing of 70 Palestinians

Senate Standing Committee on Foreign Affairs Tuesday strongly condemned the killing of over 70 Palestinians by Israeli forces and shifting of the US Embassy to Jerusalem. The committee, which organized a seminar titled 'Kashmir and Palestine: 70 years UN
Published 16 May, 2018 12:00am
KP minister submits resolution against ex-PM

KP minister submits resolution against ex-PM

Khyber Pakhtunkhwa Minister for Information, Shah Farman Tuesday submitted a resolution with provincial assembly for condemning the interview of the former Prime Minister Nawaz Sharif. The resolution submitted with the provincial assembly secretariat said
Published 16 May, 2018 12:00am
Around six million children enrolled in schools, claims minister

Around six million children enrolled in schools, claims minister

Federal Minister for Education Engr Muhammad Baligh-Ur-Rehman on Tuesday claimed that around six million children were enrolled in schools during the last five years while number of school leaving children decreased significantly. "After the 18th Constitu
Published 16 May, 2018 12:00am
Educational reforms: Government urged to implement Article 25-A in Fata

Educational reforms: Government urged to implement Article 25-A in Fata

Speakers at seminar have urged the government to take meaningful steps to implement Article 25-A, Right to Education in Federally Administered Tribal Areas to ensure free and compulsory education facility for all in the tribal region. The seminar on title
Published 16 May, 2018 12:00am
Sindh & Punjab: Water shortage for kharif season soars to 41 percent

Sindh & Punjab: Water shortage for kharif season soars to 41 percent

The shortage of water for early Kharif season for Punjab and Sindh has increased from over 35 per cent to 41 per cent from projected 31 per cent due to lower inflows than estimates firmed up by the water regulator in consultation with Pakistan Metrologica
Published 16 May, 2018 12:00am
Prize distribution ceremony of FICS held at NUST

Prize distribution ceremony of FICS held at NUST

Grand Finale and Prize Distribution Ceremony of Finding Innovative & Creative Solutions for Society (FICS'18), was held at National University of Sciences & Technology (NUST) on Tuesday.
Published 16 May, 2018 12:00am
Gas schemes: Distribution companies told to follow timelines

Gas schemes: Distribution companies told to follow timelines

The National Assembly's Standing Committee on Energy met under the chairmanship of Rana Afzaal Hussain at the Parliament House Tuesday. The committee discussing the implementation status of its previous recommendations directed the gas distribution compan
Published 16 May, 2018 12:00am
IHC resumes hearing of Grand Hyatt Hotel case

IHC resumes hearing of Grand Hyatt Hotel case

Islamabad High Court (IHC) here on Tuesday resumed hearing of Grand Hyatt Hotel apartments' case. Two-member bench of IHC comprising Justice Mohsin Akhtar Kiyani and Justice Amir Farooq heard the arguments submitted by the counsel of the said hotel projec
Published 16 May, 2018 12:00am
UNDP to help BoI set up first Impact Investment Fund

UNDP to help BoI set up first Impact Investment Fund

United Nations Development Program (UNDP) will support Board of Investment (BoI) in establishment of Pakistan's first Impact Investment Fund. This partnership is considered to leverage the private sector and capital markets to support SDGs-aligned financi
Published 16 May, 2018 12:00am
ANF activates public complaint number

ANF activates public complaint number

Anti Narcotics Force has activated public complaint number 1415, which will be operational 24/7 for registration of complaints and facilitation of the general public to supplement its efforts to make Pakistan Drug Free Society. ANF spokesman said on Monda
Published 16 May, 2018 12:00am
Petition in SHC: PTI seeks to book Nawaz under Article 6

Petition in SHC: PTI seeks to book Nawaz under Article 6

Pakistan Tehreek-e-Insaf (PTI) leader Haleem Adil Sheikh on Tuesday filed a petition in Sindh High Court against former prime minister Nawaz Sharif to seek registration of a treason case against him for his May 12 interview, in which he put the blame of M
Published 16 May, 2018 12:00am
CM foresees Sindh students to compete at global level

CM foresees Sindh students to compete at global level

Sindh Chief Minister Syed Murad Ali Shah has said that around Rs 3 billion are being spent on the enrolment, registration and examination fees and cash prize distribution among the position holders of all the educational boards in Sindh. He said this, spe
Published 16 May, 2018 12:00am
PSP chief blames Nawaz for endangering national security

PSP chief blames Nawaz for endangering national security

Pak Sarzameen Party (PSP) chairman Mustafa Kamal on Tuesday demanded that a commission be formed to put the record straight vis-à-vis the statement of former prime minister Nawaz Sharif about Mumbai attacks because it has endangered national security and
Published 16 May, 2018 12:00am
PPP assailed over corruption in Sindh Assembly session

PPP assailed over corruption in Sindh Assembly session

Opposition in the Sindh Assembly on Tuesday slammed the PPP led government over alleged 'corruption' in MPAs annual budgetary development funds, saying that it has failed to solve public problems in its decade-long rule in the province. As debate on the b
Published 16 May, 2018 12:00am
Islamabad devises special security plan for Ramazan

Islamabad devises special security plan for Ramazan

Around 2000 personnel including policemen, security guards and mosques guards will perform security duties during the holy month of Ramazan and to ensure elaborate arrangements in coordination with the notables of various areas. According to plan chalked
Published 16 May, 2018 12:00am
KP NAB approves inquiries against WSSP officials, others

KP NAB approves inquiries against WSSP officials, others

Regional Board Meeting (RBM) of National Accountability Bureau (NAB), Khyber Pakhtunkhwa on Tuesday authorized inquiries against officers and officials of Water Supply & Sanitation Programme (WSSP) and others regarding misuse of authority. The subjects ar
Published 16 May, 2018 12:00am
Sindh E&T collection shows 12 percent growth
Cotton

Sindh E&T collection shows 12 percent growth

Sindh Excise & Taxation (E&T) department on Tuesday claimed to have made Rs 53.05 billion revenue collection during last 10 months of current fiscal year, depicting 12 percent growth as compared to last corresponding period. The department has collected R
Published 16 May, 2018 12:00am
Women on Wheels Programme: motorbikes distributed among 30 women

Women on Wheels Programme: motorbikes distributed among 30 women

Under the arrangements of Chief Minister Strategic Reform Unit's women-on-wheels programme, the campaign has been started to distribute the motor bikes among the women on subsidized rates. In the first phase, 30 motorbikes and its documents were distribut
Published 16 May, 2018 12:00am
Faisalabad university declared smoke and drug-free institution

Faisalabad university declared smoke and drug-free institution

The University of Faisalabad has been declared as smoke and drug free by the Drug Advisory Training Hub (DATH), a non-government organisation working on abuse of drugs. In this context, a memorandum of understanding (MoU) has been signed between both the
Published 16 May, 2018 12:00am
Turkish Prime Minister invites Abbasi to OIC session

Turkish Prime Minister invites Abbasi to OIC session

Turkish Prime Minister Binali Yildrim talked to Prime Minister Shahid Khaqan Abbasi on Tuesday. During the telephonic call, the Turkish Prime Minister extended invitation to the Prime Minister for participation in the Extraordinary Session of the OIC conv
Published 16 May, 2018 12:00am
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