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Print - 2018-05-26
Sterling trades near 2018 low

Sterling trades near 2018 low

The pound traded near a five-month low of $1.33 on Friday, weighed down by worries over Brexit and signs of sustained weakness in Britain's economy. Sterling had been one of the best-performing currencies in 2018, but weak economic data and a recent surge
Published 26 May, 2018 12:00am
Aussie, kiwi ease

Aussie, kiwi ease

The Australian and New Zealand dollars stepped back on Friday as risk appetite soured after US President Donald Trump scrapped a key summit with North Korea, although Pyongyang's measured response to the cancellation helped calm nerves. The Australian dol
Published 26 May, 2018 12:00am
Palestinian hurt in Israel-Gaza border clashes dies

Palestinian hurt in Israel-Gaza border clashes dies

A Palestinian man shot by Israeli forces in recent clashes along the Gaza border died Friday, the health ministry in the Hamas-run enclave announced. Yasser Habib, 24, was wounded several days ago east of Gaza City, the ministry said. It did not give deta
Published 26 May, 2018 12:00am
EU to 'rapidly' adopt Venezuela sanctions

EU to 'rapidly' adopt Venezuela sanctions

EU foreign ministers will agree next week that they are ready to "rapidly" adopt sanctions against Venezuelan officials involved in Nicolas Maduro's re-election, European sources said Friday. The ministers meeting in Brussels on Monday are set to give the
Published 26 May, 2018 12:00am
Dutch, Australia name Russia as behind MH17 downing

Dutch, Australia name Russia as behind MH17 downing

The Netherlands and Australia on Friday took the first step towards dragging Russia to court over the shooting down of flight MH17, accusing Moscow of being responsible for the disaster over war-torn eastern Ukraine in 2014.
Published 26 May, 2018 12:00am
Iran nuclear deal 'in intensive care' as signatories meet in Vienna

Iran nuclear deal 'in intensive care' as signatories meet in Vienna

Signatories of the Iran nuclear deal met in Vienna on Friday in a bid to save the agreement, as Iran warned the deal had been put "in intensive care" by Washington's dramatic withdrawal earlier this month. For the first time since the Joint Comprehensive
Published 26 May, 2018 12:00am
In South Africa, a unique telescope link-up scans deep space

In South Africa, a unique telescope link-up scans deep space

Scientists in South Africa on Friday launched the world's first optical telescope linked to a radio telescope, combining "eyes and ears" to try to unravel the secrets of the universe. The device forms part of the Square Kilometre Array (SKA) project in th
Published 26 May, 2018 12:00am
'Unprecedented' foreign interference in Australia: spy chief

'Unprecedented' foreign interference in Australia: spy chief

Australia's spy chief has issued a new warning that foreign interference and espionage in the country had reached "unprecedented" levels that could cause "catastrophic harm" to Canberra's interests. Duncan Lewis, head of the Australian Security Intelligen
Published 26 May, 2018 12:00am
French, British air chiefs say Western dominance slipping

French, British air chiefs say Western dominance slipping

The heads of the British and French air forces warned Friday that Western dominance in the skies is increasingly under threat as rival powers develop new defence capabilities. Head of the Royal Air Force, Stephen Hillier, referred to the development of ne
Published 26 May, 2018 12:00am
Facebook, Twitter tighten rules for political ads
Kerb

Facebook, Twitter tighten rules for political ads

Twitter on Thursday announced new guidelines to clearly mark political ads on its platform as Facebook said it began implementing a policy requiring labeling and verification of identities of those paying for political messages. The moves by the two socia
Published 26 May, 2018 12:00am
Indonesia passes tougher terror law after suicide attacks

Indonesia passes tougher terror law after suicide attacks

Indonesia passed a new law Friday that will give police more power to take pre-emptive action against terror suspects following the country's deadliest Islamist attacks in years. The bill had been stalled for almost two years as parliament wrangled over k
Published 26 May, 2018 12:00am
Britain hits back at 'not helpful' EU fantasy comments

Britain hits back at 'not helpful' EU fantasy comments

British finance minister Philip Hammond hit back at EU remarks dismissing London's Brexit plans as "fantasy" but admitted that the talks needed to make progress. Hammond was reacting to comments by a senior EU official on Thursday who said that negotiatio
Published 26 May, 2018 12:00am
Weinstein posts $1 million cash bail on rape, sex crime charges

Weinstein posts $1 million cash bail on rape, sex crime charges

Disgraced Hollywood mogul Harvey Weinstein was charged with rape and a sex crime in New York on Friday, posting a $1 million cash bail nearly eight months after his career imploded under bombshell accusations that triggered the MeToo movement. The former
Published 26 May, 2018 12:00am
Iraq carries out more air strikes against IS in Syria

Iraq carries out more air strikes against IS in Syria

Iraq announced Friday it had carried out air strikes against the Islamic State group in Syria, the third cross border aerial operation inside a month in its war-torn neighbour. "Iraqi F-16 planes carried out (Thursday) morning raids against the headquarte
Published 26 May, 2018 12:00am
Saudi Arabia says new Yemen missile intercepted

Saudi Arabia says new Yemen missile intercepted

Saudi air defences on Friday intercepted a ballistic missile over the southern city of Najran after it was fired from rebel-held territory in neighbouring Yemen, a Saudi-led military coalition said. Debris from the missile landed in residential areas of N
Published 26 May, 2018 12:00am
France arrests two spies for passing secrets to China

France arrests two spies for passing secrets to China

Two former French spies have been arrested after being accused of passing classified information to China, officials revealed on Friday, highlighting what experts see as Beijing's push to develop its foreign intelligence capabilities. The suspected double
Published 26 May, 2018 12:00am
Two injured in Indiana school shooting, suspect arrested

Two injured in Indiana school shooting, suspect arrested

Two people were injured in a shooting at a school in the US state of Indiana on Friday, with a suspect taken into custody, police said. The two victims were transported to a hospital from Noblesville West Middle School in a suburb of the state capital Ind
Published 26 May, 2018 12:00am
One dead as Cyclone Mekunu hits Oman

One dead as Cyclone Mekunu hits Oman

Cyclone Mekunu gathered strength Friday as it lashed southern Oman with high winds and rain, killing at least one person a day after wreaking havoc on the Yemeni island of Socotra. "Latest observations show that tropical Cyclone Mekunu has intensified to
Published 26 May, 2018 12:00am
Trump says North Korea summit could still happen

Trump says North Korea summit could still happen

One day after abruptly pulling the plug on a high-stakes summit with North Korea, US President Donald Trump said Friday the meeting with Kim Jong Un could go ahead after all - possibly even on the originally scheduled date of June 12. The summit would be
Published 26 May, 2018 12:00am
Taiwan scrambles fighter jets to track China bomber drill

Taiwan scrambles fighter jets to track China bomber drill

Taiwan on Friday scrambled fighter jets to shadow Chinese bombers conducting a drill around the island, just hours after Beijing welcomed Burkina Faso's move to sever diplomatic ties with Taipei. Taiwan's defence ministry said it had dispatched fighter je
Published 26 May, 2018 12:00am
White House has deal to lift sanctions on China's ZTE

White House has deal to lift sanctions on China's ZTE

The White House says it has reached a deal with Chinese telecoms giant ZTE that would lift crippling sanctions slapped on the company, The New York Times reported Friday. The news comes as the US prepares to send a trade delegation back to Beijing next we
Published 26 May, 2018 12:00am
Ireland votes in historic abortion referendum

Ireland votes in historic abortion referendum

People in Ireland on Friday voted in a landmark referendum on whether the traditionally Catholic country should liberalise some of the strictest abortion laws in Europe. A bitter campaign has dominated public debate in Ireland over recent months as nearly
Published 26 May, 2018 12:00am
US websites blacked out in Europe on 'Happy GDPR Day'

US websites blacked out in Europe on 'Happy GDPR Day'

The EU's flagship new data protection laws came into effect on Friday but hit an early hitch as several major US news websites were blocked to European users. The Los Angeles Times and Chicago Tribune newspapers were among those inaccessible on the other
Published 26 May, 2018 12:00am
New benchmark copper and aluminium warrant prices at ShFE

New benchmark copper and aluminium warrant prices at ShFE

The Shanghai Futures Exchange (ShFE) has set the benchmark price of copper warrants on its new physical trading platform at 51,350 yuan ($8,041.91) a tonne. The benchmark aluminium warrant price has been set at 14,725 yuan a tonne, according to an exchang
Published 26 May, 2018 12:00am
Lead cedes ground but still posts biggest weekly rise in eight months

Lead cedes ground but still posts biggest weekly rise in eight months

Lead fell on Friday as some buyers cashed in on a recent rally but the metal still posted its biggest weekly rise since September after this week's drop in available stocks, and as investors positioned for a market in deficit. Despite Friday's move lower,
Published 26 May, 2018 12:00am
July Brent crude's premium to Dubai crude falls

July Brent crude's premium to Dubai crude falls

Brent crude oil's premium to Dubai crude fell to the lowest in more than two months after the international benchmark weakened on the prospect of Russia and OPEC adding more supplies, Reuters data showed on Friday. The prompt July Brent-Dubai EFS was at $
Published 26 May, 2018 12:00am
SocGen ups 2018, 2019 Brent crude price view

SocGen ups 2018, 2019 Brent crude price view

Societe Generale on Friday raised its 2018 and 2019 Brent crude price forecasts, citing stronger oil market fundamentals on the back of falling production from the Organization of the Petroleum Exporting Countries. "The declines in OPEC output, over and a
Published 26 May, 2018 12:00am
Oil prices slump as OPEC and Russia consider output boost

Oil prices slump as OPEC and Russia consider output boost

Oil prices fell more than $2 per barrel on Friday as Saudi Arabia and Russia discussed easing production cuts that have helped push crude prices to their highest since 2014. Brent crude futures fell $2.35, or 3 percent, to settle at $76.44 a barrel. The g
Published 26 May, 2018 12:00am
Tokyo rubber keep falling

Tokyo rubber keep falling

Benchmark Tokyo rubber futures fell for a fourth straight session on Friday, as worries over excess supplies weighed on the market. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia, stood 15 percent below th
Published 26 May, 2018 12:00am
Palm oil posts sharpest drop in seven weeks
Vegetable Oil

Palm oil posts sharpest drop in seven weeks

Malaysian palm oil futures saw their sharpest fall in seven weeks on Friday evening, weighed down by weak export demand and losses in related edible oils on the US Chicago Board of Trade and China's Dalian Commodity Exchange. The palm oil contract for Aug
Published 26 May, 2018 12:00am
Raw sugar see biggest weekly gain this year, cocoa drops

Raw sugar see biggest weekly gain this year, cocoa drops

ICE raw sugar edged higher in mixed trade on Friday, ending the week up nearly 7 percent as investors continued to cover a bearish stance amid persistent concerns over a trucker strike in Brazil. Cocoa futures and arabica coffee both retreated. New York a
Published 26 May, 2018 12:00am
Gold jumps in New York

Gold jumps in New York

Gold prices surged on Thursday, propelled above $1,300 per ounce as the US dollar faded after US President Donald Trump called off a summit with North Korea, stoking political tensions. Trump canceled the meeting with Kim Jong Un, planned for June 12, eve
Published 26 May, 2018 12:00am
Gold eases in Asia

Gold eases in Asia

Gold prices eased on Friday on profit-taking, after breaking above $1,300 in the previous session when US President Donald Trump's decision to call off a meeting with North Korean leader Kim Jong Un triggered safe-haven buying. Spot gold was down 0.2 perc
Published 26 May, 2018 12:00am
Gold steadies in European trade

Gold steadies in European trade

Gold prices steadied on Friday after Donald Trump said a meeting with North Korea's leader could still go ahead, easing concerns that had driven gold above $1,300 an ounce the previous session when the US president said the meeting was off. Spot gold was
Published 26 May, 2018 12:00am
US MIDDAY: wheat jumps

US MIDDAY: wheat jumps

US wheat futures jumped nearly 2 percent on Friday and were on track for a second straight weekly advance as worries about dry weather in key global production regions fueled short-covering and speculative buying. Soyabeans advanced for the fifth time in
Published 26 May, 2018 12:00am
US MIDDAY: gold dips

US MIDDAY: gold dips

Gold prices dropped slightly on Friday, but still remained above $1,300 per ounce as investors digested news of US President Donald Trump saying a meeting with North Korea's leader could still go ahead. Spot gold lost 0.1 percent at $1,303.34 per ounce by
Published 26 May, 2018 12:00am
Parliament's SDGs Secretariat and SDPI sign MoU

Parliament's SDGs Secretariat and SDPI sign MoU

Speaker National Assembly Sardar Ayaz Sadiq has said that Parliament will continue to play its role in capacity building of its members and staff. He was speaking at a ceremony of signing a memorandum of understanding (MoU) between the Parliament's Sustai
Published 26 May, 2018 12:00am
Rs 2.534 billion allocated for AJK, GB's small hydel power projects

Rs 2.534 billion allocated for AJK, GB's small hydel power projects

The government has allocated Rs 2.534 billion in next fiscal year budget for small hydel power projects in Azad Kashmir and Gilgit-Baltistan with the objective to increase hydel power share in the energy mix. A meeting of National Assembly's Standing Comm
Published 26 May, 2018 12:00am
Affairs of Mohmand Marble City reviewed

Affairs of Mohmand Marble City reviewed

Governor Khyber Pakhtunkhwa Engr Iqbal Zafar Jhagra presided over a meeting regarding Mohmand Marble City at Governors House Peshawar on Friday. During meeting energizing and operationalizing of the Mohmand Marble City was discussed in detail. On the occa
Published 26 May, 2018 12:00am
Draft rules unveiled: FBR facilitates vendors of DTRE users

Draft rules unveiled: FBR facilitates vendors of DTRE users

The Federal Board of Revenue (FBR) has allowed Duty & Tax Remission for Exporters (DTRE) users to remove input or semi-finished goods out of their premises for manufacturing or processing by the vendors after intimating the Collector of Customs. The FBR h
Published 26 May, 2018 12:00am
Seed Processing & Storage Complex opens at NARC

Seed Processing & Storage Complex opens at NARC

Federal Minister for National Food Security and Research, Sikandar Hayat Bosan on Friday inaugurated "Seed Processing and Storage Complex" at National Agriculture Research Centre (NARC). The Seed Processing and Storage Complex facility consists of a multi
Published 26 May, 2018 12:00am
Anti-polio drive's May round ends successfully

Anti-polio drive's May round ends successfully

The May round of anti-polio drive successfully concluded in selected districts of Khyber Pakhtunkhwa with 99.25 percent vaccination status reflecting the hard work and commitment of the teams on ground that brave many challenges to vaccinate the target ch
Published 26 May, 2018 12:00am
FBR unveils procedure to regulate sale of confiscated vehicles

FBR unveils procedure to regulate sale of confiscated vehicles

The Federal Board of Revenue (FBR) will give first priority for allocation of tampered vehicles for operational purposes to the field formations of Customs Department, enabling them to perform anti-smuggling, anti-evasion, enforcement and other operationa
Published 26 May, 2018 12:00am
Sindh's first-every youth policy announced

Sindh's first-every youth policy announced

Sindh Youth Minister Abid Hussain Bhayo has announced that under the Sindh Youth Policy, a Youth Development Commission and a Youth Venture Capital Fund will be established by the government. "Student Unions will be revived and remodelled to promote pro-p
Published 26 May, 2018 12:00am
Politicians, civil society hail mainstreaming of Fata

Politicians, civil society hail mainstreaming of Fata

People of different walks of life including politicians, legislators' civil society from Federally Administered Tribal Areas (FATA) have welcomed passage of KP-Fata Merger Bill from Parliament and termed it historic step towards mainstreaming of the regio
Published 26 May, 2018 12:00am
SCO-RATS legal experts group's meeting concludes

SCO-RATS legal experts group's meeting concludes

The Legal Experts Group Meeting of the Shanghai Cooperation Organization-Regional Anti-Terrorist Structure (SCO-RATS) took place in Islamabad from 23-25 May 2018. This was the first ever SCO meeting that was held in Pakistan since becoming member of SCO i
Published 26 May, 2018 12:00am
PM to inaugurate M-5, Shaheed Benazir Bhutto Bridge today

PM to inaugurate M-5, Shaheed Benazir Bhutto Bridge today

Prime Minister Shahid Khaqan Abbasi will inaugurate Multan-Shujaabad section of Sukkur-Multan Motorway (M-5) as well as Shaheed Benazir Bhutto Bridge over River Indus, which will connect N-5 with N-55, today (Saturday). Talking to Business Recorder, Spoke
Published 26 May, 2018 12:00am
APNS awards ceremony to be held on May 30

APNS awards ceremony to be held on May 30

The 23rd APNS annual awards ceremony is now scheduled to be held on May 30, 2018 at 9:00 a.m. at Prime Minister Auditorium Islamabad, says a press release. The Prime Minister of Pakistan Shahid Khaqan Abbasi has consented to grace the occasion. The awards
Published 26 May, 2018 12:00am
Mango production competition planned

Mango production competition planned

The Punjab government has announced to organise 'mango production competition 2018-19' with the aim to introduce a healthy competitive environment among mango growers with ultimate objective of producing best quality and best varieties of mangoes. The Spo
Published 26 May, 2018 12:00am
LHC to take up petition against Nawaz, Abbasi next week

LHC to take up petition against Nawaz, Abbasi next week

A Lahore High Court bench will take up on next Tuesday a petition seeking action against Prime Minister Shahid Khaqan Abbasi for disclosing minutes and details of National Security Council meeting to former premier Nawaz Sharif. A civil society member Ami
Published 26 May, 2018 12:00am
Inspectest celebrates 20 years

Inspectest celebrates 20 years

Founded in 1998, Inspectest celebrated 20 years of excellence in providing integrated services of inspection, testing and certification to leading local and foreign companies across Pakistan. Inspectest was established with the aim of providing high quali
Published 26 May, 2018 12:00am
Collectorate empowered to conduct audit of EPZ units

Collectorate empowered to conduct audit of EPZ units

The concerned Collectorate of Customs has been empowered to conduct annual audit of units operating in Export Processing Zone (EPZ). The FBR has issued SRO 648(I)/2018 here on Friday to propose amendments to the Customs Rules, 2001. According to the FBR,
Published 26 May, 2018 12:00am
Ramazan transmissions: IHC accepts PBA's plea

Ramazan transmissions: IHC accepts PBA's plea

A division bench of Islamabad High Court on Friday accepting the appeal of Pakistan Broadcasters Association (PBA) suspended the order of the single bench regarding Ramazan transmission. The IHC Division Bench comprising Justice Aamer Farooq and Justice M
Published 26 May, 2018 12:00am
Tevta and 'Yeh Ghar App' sign MoU

Tevta and 'Yeh Ghar App' sign MoU

Chairman Technical Education and Vocational Training Authority (TEVTA) Irfan Qaiser Sheikh has said that Pakistan can also overcome with not only unemployment but also can raise the standards of lives of people just by giving importance to technical and v
Published 26 May, 2018 12:00am
Present economic crisis due to prolonged political turmoil: Malik

Present economic crisis due to prolonged political turmoil: Malik

SAARC Chamber's Senior Vice President Iftikhar Ali Malik said on Friday that with the term of the present government coming to an end, Pakistan is facing a huge economic crisis due to the prolonged political turmoil, absence of viable business oriented po
Published 26 May, 2018 12:00am
Tax to GDP ratio may jump to 6 percent in next decade: Haroon

Tax to GDP ratio may jump to 6 percent in next decade: Haroon

Special Assistant to Prime Minister on Revenue and Minister of State Haroon Akhtar Khan said Friday that tax to GDP ratio can increase to 6 percent in next 10 years subject to availability of good leadership in the country. "Already, we have increased tax
Published 26 May, 2018 12:00am
Federal and provincial departments owe Rs 4 billion to Lesco

Federal and provincial departments owe Rs 4 billion to Lesco

The Lahore Electric Supply Company (LESCO) has issued reminders to both federal and provincial departments for defaults worth Rs 1.11 billion and Rs 2.91 billion, respectively. Meanwhile, the LESCO has also disconnected power supply to the Kot Lakhpat Jai
Published 26 May, 2018 12:00am
Cyclone Mekunu poses no threat to Pakistan's coastal areas: Met

Cyclone Mekunu poses no threat to Pakistan's coastal areas: Met

Pakistan Meteorological department warned on Friday that the Very Severe Cyclonic Storm (MEKUNU) has intensified into an Extremely Severe Tropical Cyclone and now lies (0900 UTC) closed to southern coast of Oman, near 16.0° N and 54.4° E, at 115 km southe
Published 26 May, 2018 12:00am
PPDWP approves three welfare schemes

PPDWP approves three welfare schemes

Punjab Provincial Development Working Party approved three development schemes of Health & Urban Development Sectors with an estimated cost of Rs 2652.46 million at its 68th meeting of current fiscal year presided over by Chairman P&D Muhammad Jahanzeb Kh
Published 26 May, 2018 12:00am
Qatar urged to float tender for buying Super Basmati

Qatar urged to float tender for buying Super Basmati

Rice Exporters Association of Pakistan (REAP) has requested the Qatar government to issue a tender by its Central Tender Committee (CTC) for buying of Pakistani Super Basmati rice. 'Qatar government buy 50,000 tons of rice every year but Pakistan is not i
Published 26 May, 2018 12:00am
Discusses Punjab's caretaker setup with opposition leader

Discusses Punjab's caretaker setup with opposition leader

Opposition leader in the Punjab Assembly Mian Mehmood-ur-Rasheed met with Punjab Chief Minister Muhammad Shahbaz Sharif at Model Town on Friday and held consultation regarding caretaker Chief Minister of Punjab. Sources said the meeting held in a cordial
Published 26 May, 2018 12:00am
Shahbaz vows to surpass Modi's India after five years

Shahbaz vows to surpass Modi's India after five years

Punjab Chief Minister Muhammad Shahbaz Sharif said on Friday that if they continued working with zeal, commitment, passion and hard work, Pakistan shall surpass Modi's India after five years. Talking to media after inauguration of the revamped DHQ Hospita
Published 26 May, 2018 12:00am
ACCA leads in developing 100,000 SAP professionals

ACCA leads in developing 100,000 SAP professionals

ACCA and Excellence Delivered (ExD) the only Platinum Partner of SAP in Pakistan launched the initiative to develop 100,000 SAP professionals in the next three years in Pakistan. This event took place at the Board of Investment (BOI) office in Islamabad i
Published 26 May, 2018 12:00am
Habib Metro Bank signs MoU with Ria

Habib Metro Bank signs MoU with Ria

Habib Metro Bank and Ria Money Transfer ("Ria"), a global leader in money transfer services, have partnered to offer remittance payout services in Pakistan.
Published 26 May, 2018 12:00am
ABL organises seminar in Gujranwala

ABL organises seminar in Gujranwala

As part of its corporate social responsibility, Allied Bank recently organized a seminar on "Transition of family owned structure to corporate structure" at Gujranwala, which was conducted by the renowned economist Dr Ishrat Husain (Ex-Governor SBP).
Published 26 May, 2018 12:00am
Tharparkar's wheat distribution system irks SHC

Tharparkar's wheat distribution system irks SHC

Sindh High Court (SHC) Chief Justice Ahmed Ali Sheik on Friday showed dissatisfaction over the arrangements for provision of free wheat to deserving persons in Tharparkar district and directed to depute a judicial magistrate to review the arrangements.
Published 26 May, 2018 12:00am
Labourer dies in Karachi

Labourer dies in Karachi

A labourer died while three others were injured after an elevator plunged during construction work here on Friday. Rescue sources said that labourers engaged in work on an under construction building at Do Darya Karachi was lifting construction material w
Published 26 May, 2018 12:00am
SECP receives complaint against Halal products

SECP receives complaint against Halal products

The Securities and Exchange Commission of Pakistan (SECP) has received complaint of Mian Nasser Hayatt Maggo against M/s Halal Products and Services Association of Pakistan regarding providing fake, fraudulent and fabricated list of members.
Published 26 May, 2018 12:00am
Terrorist killed in raid near Mastung

Terrorist killed in raid near Mastung

A terrorist has been killed in an exchange of fire with security forces during a raid near Mastung, Balochistan on Friday. According to a spokesperson of Frontier Corps, the raid was conducted on a tip-off in the mountains near Mastung. Subsequently, an e
Published 26 May, 2018 12:00am
IOCO officers to perform duties under Customs Act

IOCO officers to perform duties under Customs Act

All officers including the sector specialists appointed in the Directorate General of Input Output Coefficient Organization (IOCO) shall exercise the powers and discharge duties conferred or imposed under the Customs Act throughout Pakistan. The Federal B
Published 26 May, 2018 12:00am
TDAP holds meetings to set up date processing plant at DIK

TDAP holds meetings to set up date processing plant at DIK

In order to establish date processing plant at D I Khan under directives from Standing Committee on Commerce & Textiles, Trade Development Authority of Pakistan had convened meetings with relevant members of working group associated with DPP at Circuit Ho
Published 26 May, 2018 12:00am
PBIF chief highlights Chaman's economic value

PBIF chief highlights Chaman's economic value

Pakistan Businessmen and Intellectuals Forum (PBIF) president Zahid Hussain has said the nostalgic city Chaman can reach to the heights of economic growth resulting in prosper Pakistan and growth of the entire region, leading towards Central Asia. Strateg
Published 26 May, 2018 12:00am
SBP revises policy, O/N reverse repo rates

SBP revises policy, O/N reverse repo rates

The State Bank of Pakistan (SBP) has decided to increase its Policy Rate (target rate) from 6.00 percent to 6.50 percent. According to DMMD Circular No. 12 of 2018, the SBP Overnight Reverse Repo (Ceiling) rate will be at 7.00 percent, ie, 50 bps above th
Published 26 May, 2018 12:00am
Sindh Assembly adopts resolution to protect jobs of SBCA employees

Sindh Assembly adopts resolution to protect jobs of SBCA employees

The Sindh Assembly on Friday adopted a resolution unanimously to protect the jobs of all employees working at the Sindh Building Control Authority (SBCA). The resolution presented by lawmakers from both sides of the house, voiced concerns over the feared
Published 26 May, 2018 12:00am
IHC jettisons Rashid's petition

IHC jettisons Rashid's petition

The Islamabad High Court (IHC) on Friday turned down Sheikh Rashid Ahmad's petition against elimination of some clauses from nomination form in the Election Act 2017. A single bench of IHC comprising Justice Athar Minallah after hearing the arguments dism
Published 26 May, 2018 12:00am
Xi hopes to have deep judicial cooperation with Pakistan

Xi hopes to have deep judicial cooperation with Pakistan

President Xi Jinping said he expects deepened judicial cooperation with Pakistan and with other regional countries within the framework of Shanghai Cooperation Organization (SCO) to fight crime and resolve disputes more effectively. Xi said this in a cong
Published 26 May, 2018 12:00am
Dual nationality case: SC nullifies proceedings against legislators

Dual nationality case: SC nullifies proceedings against legislators

The Supreme Court nullified proceedings and conviction against the MNAs, MPAs and senators who were disqualified in view of the apex court September 20, 2012 order for holding dual nationality. "Any proceedings at whatever stage and any convictions whethe
Published 26 May, 2018 12:00am
FIA issues cyber alert

FIA issues cyber alert

The Federal Investigation Agency (FIA) has issued cyber alert and suggested the people not to take calls or respond to messages from unknown numbers, claiming to be representatives of Pakistan Army and bank officials. An official said it has been observed
Published 26 May, 2018 12:00am
JI seeks special package for tribal areas

JI seeks special package for tribal areas

While greeting the tribal people on merger of Federally Administrated Tribal Areas (FATA) with Khyber Pakhtunkhwa (KPK), Emir Jamaat-e-Islami (JI) Senator Sirajul Haq has stressed upon the federal government to give special package for the overall uplift
Published 26 May, 2018 12:00am
LNG cargo: all charges under OSA to be computed at actual price

LNG cargo: all charges under OSA to be computed at actual price

The federal government has reportedly decided that all transportation, re-gasified and tolling charges of LNG under Operation and Services Agreement (OSA) will be computed at actual price, well-informed sources told Business Recorder. Pakistan is c
Published 26 May, 2018 12:00am
PM's generosity to government employees at the fag end of PML-N's regime

PM's generosity to government employees at the fag end of PML-N's regime

Prime Minister Shahid Khaqan Abbasi has showered generosity on government employees by announcing three months salary to them ahead of less than one week before leaving the office on completion of government tenure. Secretary to the Prime Minister through
Published 26 May, 2018 12:00am
Senate team visits Ottawa

Senate team visits Ottawa

A delegation from Senate of Pakistan led by Deputy Chairman Saleem Mandviwalla, currently visiting Ottawa at the invitation of Forum of Federations met with the High Commissioner Tariq Azim Khan on Friday. Senator Muhammad Javed Abbasi and Senator Aurangz
Published 26 May, 2018 12:00am
Caretaker PM: Nisar declares Tassaduq Jillani favourite candidate

Caretaker PM: Nisar declares Tassaduq Jillani favourite candidate

Former interior minister Chaudhry Nisar on Friday declared Tassaduq Jillani as favourite candidate for the caretaker PM. Talking to media here on Friday, he said that there was no doubt that the matter would go to the Parliamentary Committee.
Published 26 May, 2018 12:00am
Credit of Fata's merger with KP goes to Nawaz: Abbasi

Credit of Fata's merger with KP goes to Nawaz: Abbasi

Prime Minister Shahid Khaqan Abbasi said on Friday that credit of merging FATA with Khyber Pakhtunkhwa goes to former Prime Minister and supreme leader of the PML-N Nawaz Sharif who constituted FATA reforms committee. While addressing a public gathering a
Published 26 May, 2018 12:00am
Adding to country's indebtedness

Adding to country's indebtedness

A government that is left with a less than one week of its tenure is raising a $ 200 million syndicated loan with three United Arab Emirates (UAE) banks to stave off the pressure of balance of payments. The loan, with a one-year maturity, is said to be ar
Published 26 May, 2018 12:00am
The Weather

The Weather

The weather report on Friday (May 25, 2018) and the forecast for Saturday (May 26, 2018).

Published 26 May, 2018 12:00am
Married to an 'alien'

Married to an 'alien'

The threat of extremism appeared on the horizon about a decade and a half ago, plunging Pakistan into a different kind of war. The Armed Forces until then, had been concerned with tackling and keeping malicious forces in check at the borders, but now they
Published 26 May, 2018 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (May 25, 2018).

Published 26 May, 2018 12:00am
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