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Print - 2018-06-15
European shares jump after ECB pushes back rate hike bets

European shares jump after ECB pushes back rate hike bets

European shares jumped on Thursday after the European Central Bank said interest rates would stay at record lows at least through the summer of 2019 as it announced an end to its massive stimulus plan. Stock benchmarks across Europe enjoyed their best day
Published 15 Jun, 2018 12:00am
Hong Kong stocks lower

Hong Kong stocks lower

Hong Kong stocks ended down on Thursday, after the US Federal Reserve raised interest rates and struck a more hawkish tone, while downbeat Chinese data and renewed trade war fears curbed risk appetite. The Hang Seng index ended 0.9 percent lower at 30,440
Published 15 Jun, 2018 12:00am
Southeast Asian stocks end lower

Southeast Asian stocks end lower

Southeast Asian stocks ended lower on Thursday ahead of a long weekend for most markets in the region, with the Thai index marking a six-month closing low while resurfacing US-China trade tensions played on investors' minds.
Published 15 Jun, 2018 12:00am
UK stocks join European rally after ECB signals rate hike further away

UK stocks join European rally after ECB signals rate hike further away

Britain's main stock index rose on Thursday after the European Central Bank signalled interest rates would remain steady through next summer, easing investors' concerns about tightening monetary policy. The ECB announced it would end its unprecedented bon
Published 15 Jun, 2018 12:00am
History-making Afghanistan hit back after Dhawan ton in debut Test

History-making Afghanistan hit back after Dhawan ton in debut Test

Afghanistan clawed their way back after India's Shikhar Dhawan hit a blazing century on Thursday as the minnows capped their astonishing rise from war and refugee camps to joining the sport's elite. Test cricket's newest team were on the receiving end of
Published 15 Jun, 2018 12:00am
Turkish president picture puts Ozil under pressure for Germany's opener

Turkish president picture puts Ozil under pressure for Germany's opener

Mesut Ozil has been challenged to do his talking on the pitch in Germany's World Cup opener against Mexico on Sunday after refusing to comment on a political storm triggered by a picture of him with the Turkish president. Arsenal midfielder Ozil and Manch
Published 15 Jun, 2018 12:00am
Speed king Gabriel piles on misery for Sri Lanka

Speed king Gabriel piles on misery for Sri Lanka

Shannon Gabriel's raw pace once again unsettled Sri Lanka's top order as they reached 79 for three at lunch after opting to bat first on the opening day of the second Test against the West Indies at the Darren Sammy Stadium in St Lucia on Thursday.
Published 15 Jun, 2018 12:00am
Ghana great to help run football after bribery scandal

Ghana great to help run football after bribery scandal

Former Ghana captain Abedi Pele has been appointed to help run football in the country in the wake of a corruption scandal that saw the government dissolve the sport's governing body. Pele, a three-time African footballer of the year who played most of hi
Published 15 Jun, 2018 12:00am
Salah declared fit to play Egypt opener

Salah declared fit to play Egypt opener

Mohamed Salah has recovered from his shoulder injury and barring a last-minute hitch the Egyptian star will play in their World Cup opener against Uruguay on Friday, coach Hector Cuper said. The striker's return after weeks of uncertainty is a massive boo
Published 15 Jun, 2018 12:00am
No smoke without ire for Malaysian badminton player

No smoke without ire for Malaysian badminton player

A Malaysian badminton player has been heavily fined for smoking during a tournament, officials said, in the latest untoward incident to hit the sport in the country. Iskandar Zulkarnain Zainuddin, 28, was fined 50 percent of his monthly allowance for ligh
Published 15 Jun, 2018 12:00am
Uruguay coach lavishes praise on 'more mature' Suarez

Uruguay coach lavishes praise on 'more mature' Suarez

Luis Suarez has "matured a great deal" and is primed to lead Uruguay's assault on the World Cup, coach Oscar Tabarez said on the eve of their opening game in Russia. Barcelona striker Suarez, a controversial figure who has had numerous run-ins with footba
Published 15 Jun, 2018 12:00am
Robert Lewandowski gets stamp of approval

Robert Lewandowski gets stamp of approval

Poland striker Robert Lewandowski was honoured on Thursday with his own postage stamp as the national post office kicked off the World Cup with one bearing the Bayern Munich star's portrait. Poland Post said that the 29-year-old "has for years been one of
Published 15 Jun, 2018 12:00am
Russia rout Saudi Arabia in opener

Russia rout Saudi Arabia in opener

Denis Cheryshev struck twice for Russia as the World Cup hosts thumped Saudi Arabia 5-0 in the opening match of the tournament in Moscow on Thursday. Iury Gazinsky scored after 12 minutes and Cheryshev added a second before the break after coming on as an
Published 15 Jun, 2018 12:00am
Russia impress as World Cup kicks off

Russia impress as World Cup kicks off

Russia kicked off their World Cup in style on Thursday, scoring early against Saudi Arabia in front of an ecstatic crowd in Moscow after President Vladimir Putin officially declared the tournament open. After a performance from British pop star Robbie Wil
Published 15 Jun, 2018 12:00am
Hong Kong's central bank raises base rate 25 bps
Currency

Hong Kong's central bank raises base rate 25 bps

The Hong Kong Monetary Authority (HKMA) raised the base rate charged through its overnight discount window by 25 basis points on Thursday to 2.25 percent after the U.S Federal Reserve raised interest rates by a quarter of a percentage point.
Published 15 Jun, 2018 12:00am
Brexit could make UK car sector 'extinct': business lobby

Brexit could make UK car sector 'extinct': business lobby

The president of Britain's main business lobby on Wednesday warned that the country's car industry risked "becoming extinct" outside the EU's customs union. "If we do not have a customs union, there are sectors of manufacturing society in the UK which ris
Published 15 Jun, 2018 12:00am
Canada debt-to-income ratio hits two-year low

Canada debt-to-income ratio hits two-year low

Canadian household debt as a share of income slipped in the first quarter to a two-year low, a development sure to please policymakers worried about the pain that rising interest rates will cause.
Published 15 Jun, 2018 12:00am
VW says will pay 1bn euro German fine over emissions cheating

VW says will pay 1bn euro German fine over emissions cheating

Auto giant Volkswagen said Wednesday it would pay a one billion euro ($1.2 billion) fine imposed by German prosecutors for diesel emissions cheating. "The Braunschweig public prosecutor issues an administrative order against Volkswagen AG in the context o
Published 15 Jun, 2018 12:00am
Dollar slips against yen in Asia
Currency

Dollar slips against yen in Asia

The dollar slipped back from three-week highs against the yen on Thursday, quickly erasing gains made after the Federal Reserve took a slightly more hawkish policy tone in signalling two more rate hikes by year-end. The greenback's bounce faded as traders
Published 15 Jun, 2018 12:00am
Euro slumps in Europe after ECB signals steady rates
Currency

Euro slumps in Europe after ECB signals steady rates

The euro slumped more than half a percent on Thursday after the European Central Bank said it would keep interest rates at record lows through the summer of 2019 and signalled it would end its unprecedented bond purchase scheme by end-2018. After initiall
Published 15 Jun, 2018 12:00am
Dollar mostly up in NY as Fed sees more US rate hikes
Currency

Dollar mostly up in NY as Fed sees more US rate hikes

The dollar ended steady to modestly higher on Wednesday, hitting a three-week high against the yen, as Federal Reserve officials saw the likelihood of two more interest rate increases for a total of four in 2018 based on a solid economic outlook. The gree
Published 15 Jun, 2018 12:00am
Sri Lankan rupee plunges to record low
Currency

Sri Lankan rupee plunges to record low

The Sri Lankan rupee touched a fresh low on Thursday on dollar demand from importers, just days after it slipped to a record low, but a late bout of selling of the US currency by exporters helped cut losses, dealers said. The spot rupee hit an all-time lo
Published 15 Jun, 2018 12:00am
Asian currencies fall after Fed
Currency

Asian currencies fall after Fed

Most Asian currencies edged lower on Thursday after the Federal Reserve raised its interest rates for the second time this year, and struck a more hawkish policy tone. The Fed raised its benchmark overnight lending rate a quarter of percentage point to a
Published 15 Jun, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 83.70-83.70 (Previous 83.70-83.70).
Published 15 Jun, 2018 12:00am
Sterling falls
Currency

Sterling falls

Sterling fell to a seven-day low on Thursday as the dollar rallied broadly on robust US retail sales and the euro floundered. The pound had climbed to a five-day high in early trading after UK retail sales data beat expectations, suggesting the economy ma
Published 15 Jun, 2018 12:00am
Aussie, kiwi hold tight ranges
Currency

Aussie, kiwi hold tight ranges

The Australian and New Zealand dollars held around recent ranges on Thursday after a rollercoaster ride earlier as a hawkish policy tone by the Federal Reserve triggered a brief rally in the US currency. The Australian dollar went as low as 0.7530, a leve
Published 15 Jun, 2018 12:00am
Merkel under pressure in escalating row over immigration

Merkel under pressure in escalating row over immigration

German Chancellor Angela Merkel faced a tense showdown Thursday within her divided conservative camp over the flashpoint issue of immigration that could threaten her political future. Merkel was confronted with an open rebellion by her hardline Interior M
Published 15 Jun, 2018 12:00am
US man wrongly linked to burglary after 'walking dog while black'

US man wrongly linked to burglary after 'walking dog while black'

A black Californian man who was reported to police by a neighbour while out walking his dogs has become one of the latest victims of apparent racial profiling in the United States. Nigerian-born Ike Iloputaife's nightmare, which has grabbed headlines, beg
Published 15 Jun, 2018 12:00am
Two stabbed to death in South Africa mosque, Somali attacker shot dead

Two stabbed to death in South Africa mosque, Somali attacker shot dead

A Somali man stabbed two worshippers to death and wounded two others in a rampage at a mosque in South Africa on Thursday before being shot dead by police, officers said. Police quickly surrounded the building in Malmesbury near Cape Town outside which a
Published 15 Jun, 2018 12:00am
Facebook news use declining, WhatsApp growing

Facebook news use declining, WhatsApp growing

News consumption is increasingly shifting from social media like Facebook to messaging applications like WhatsApp, according to a study published Thursday which also found high levels of international public concern about fake news online.
Published 15 Jun, 2018 12:00am
120 nations at UN condemn Israel over Gaza violence

120 nations at UN condemn Israel over Gaza violence

The UN General Assembly on Wednesday adopted by a strong majority of 120 countries an Arab-backed resolution condemning Israel for Palestinian deaths in Gaza and rejected a US bid to blame Hamas for the violence.
Published 15 Jun, 2018 12:00am
Jordan's new government sworn in after mass protests

Jordan's new government sworn in after mass protests

Jordan's new government was sworn in on Thursday, after mass protests against price rises and austerity measures forced the prime minister's resignation. The new administration led by Harvard-trained economist Omar al-Razzaz has already withdrawn the cont
Published 15 Jun, 2018 12:00am
Germany agrees to lease Israeli-made drones

Germany agrees to lease Israeli-made drones

Germany has agreed a nine year deal worth over half a billion dollars to lease Israeli military reconnaissance drones capable of carrying missiles, the aircraft's manufacturers said Thursday. European aerospace giant Airbus, which signed the $600 million
Published 15 Jun, 2018 12:00am
Egypt changes defence, interior ministers in cabinet overhaul
Currency

Egypt changes defence, interior ministers in cabinet overhaul

Egyptian President Abdel Fattah al-Sisi replaced the interior and defence ministers in a major reshuffle Thursday, with security forces battling an Islamist insurgency at the start of his second term. Sisi, who also named a new finance minister, swept to
Published 15 Jun, 2018 12:00am
Bad weather forces rejected migrant ship's detour

Bad weather forces rejected migrant ship's detour

Huge waves and strong winds forced a migrant rescue ship caught in a major diplomatic row to take a detour Thursday on its way to Spain, with many aboard suffering from seasickness and shock, a French charity said. Spain agreed to take in the Aquarius ves
Published 15 Jun, 2018 12:00am
Britain begins West Africa deployment in support of France

Britain begins West Africa deployment in support of France

The first troops from a 100-member British contingent to be deployed alongside French counter-terrorism forces in West Africa have arrived in the region along with heavy-lift helicopters, the French military said Thursday.
Published 15 Jun, 2018 12:00am
China, US trade barbs on trade, territorial claim

China, US trade barbs on trade, territorial claim

US Secretary of State Mike Pompeo and his Chinese counterpart Wang Yi traded barbs on trade and China's territorial claims Thursday, just as the two seek cooperation on resolving the North Korean nuclear issue. The top American diplomat made a flying visi
Published 15 Jun, 2018 12:00am
IMF warns US fiscal, trade policies create risks to global economy

IMF warns US fiscal, trade policies create risks to global economy

President Donald Trump's aggressive trade policies and expansive tax cut at a time when the US economy is growing, are creating risks that could damage the domestic and global economies, the International Monetary Fund warned Thursday. The tax cuts will g
Published 15 Jun, 2018 12:00am
UK says shut out of EU's Galileo sat-nav contracts

UK says shut out of EU's Galileo sat-nav contracts

Britain has been formally excluded from future contracts for the EU's Galileo satellite-navigation system, the government said on Thursday, condemning the decision as "completely unacceptable". "I think this is really a case of the European Union doing da
Published 15 Jun, 2018 12:00am
US anti-drug efforts in Afghanistan a failure: watchdog

US anti-drug efforts in Afghanistan a failure: watchdog

Poppy cultivation in Afghanistan hit a record high last year, a US government watchdog said Thursday, describing American-funded counternarcotics efforts in the war-torn country as a failure. Since the American-led invasion in late 2001, the US has spent
Published 15 Jun, 2018 12:00am
Battle for Yemen port leaves dozens dead

Battle for Yemen port leaves dozens dead

Yemeni pro-government forces were locked in heavy fighting with rebels that left 39 people dead on Thursday, as they pressed a Saudi and UAE-backed offensive to retake the key aid hub of Hodeida. The clashes came as the UN Security Council prepared to hol
Published 15 Jun, 2018 12:00am
UN envoy sets up talks on new Syria constitution

UN envoy sets up talks on new Syria constitution

The UN envoy for Syria said Thursday he will try to kickstart work towards a new constitution for the war-ravaged country with a series of meetings in the coming weeks. Staffan de Mistura told reporters he plans to sit down with senior officials from Dama
Published 15 Jun, 2018 12:00am
Putin invites Kim to Russia, praises Trump summit

Putin invites Kim to Russia, praises Trump summit

President Vladimir Putin on Thursday conveyed to a senior North Korean official an invitation for Kim Jong Un to visit Russia as he praised the results of his summit with Donald Trump. Hosting Kim Yong Nam, North Korea's ceremonial head of state, Putin sa
Published 15 Jun, 2018 12:00am
Michael Jackson street naming scrapped

Michael Jackson street naming scrapped

An honorary street naming in Detroit for the King of Pop was canceled Wednesday. Michael Jackson Avenue was supposed to be officially unveiled Friday in Motor City, just as the late artist's surviving brothers prepared to perform at a weekend concert. But
Published 15 Jun, 2018 12:00am
Russian embassy holds first official party in occupied Jerusalem

Russian embassy holds first official party in occupied Jerusalem

The Russian embassy in Israel will host a reception for its national day in Jerusalem for the first time on Thursday, instead of Tel Aviv, a Russian official said. It comes in the wake of US President Donald Trump's transfer of the US embassy from Tel Avi
Published 15 Jun, 2018 12:00am
Libya militia 'attacks oil sites' under strongman's control

Libya militia 'attacks oil sites' under strongman's control

A militia opposed to Libyan strongman Khalifa Haftar on Thursday attacked oil sites under his control, a military source said, inflicting fresh disruption on an industry that forms the chaos-hit country's economic backbone. The attack was carried out by t
Published 15 Jun, 2018 12:00am
New York sues Trump for 'illegal conduct' at family foundation

New York sues Trump for 'illegal conduct' at family foundation

New York State filed suit Thursday against President Donald Trump, his sons and daughter, alleging a pattern of "persistently illegal conduct" at their family foundation and seeking the charity's dissolution. The lawsuit accused the Donald J. Trump founda
Published 15 Jun, 2018 12:00am
Swiss court frees Tamil Tiger bankers

Swiss court frees Tamil Tiger bankers

Switzerland's supreme court on Thursday ruled that 13 alleged financiers of the Sri Lankan Tamil Tigers were not guilty of supporting a criminal organisation and let them walk free. Bringing to an end a nine-year process, the court found that prosecutors
Published 15 Jun, 2018 12:00am
Major US military exercises with South Korea 'suspended indefinitely'

Major US military exercises with South Korea 'suspended indefinitely'

The US military has indefinitely postponed major joint exercises with South Korea, an official told AFP on Thursday, acting on President Donald Trump's pledge to halt the "provocative" military drills following his summit with North Korea's Kim Jong Un. T
Published 15 Jun, 2018 12:00am
Pompeo warns North Korea peace efforts still face 'risks'

Pompeo warns North Korea peace efforts still face 'risks'

US Secretary of State Mike Pompeo warned Thursday that peace efforts with North Korea still faced "risks" and insisted that sanctions must be maintained on Pyongyang until it dismantles its nuclear arsenal. Pompeo made the remarks during a regional tour t
Published 15 Jun, 2018 12:00am
Weak China data pushes industrial metals prices lower

Weak China data pushes industrial metals prices lower

Prices of most base metals fell on Thursday after data pointed to a slowing of economic growth in China, the biggest metals consumer. Industrial output, investment and retail sales all grew less than expected in May, suggesting further weakness ahead if c
Published 15 Jun, 2018 12:00am
China's May refinery runs slip from strong April

China's May refinery runs slip from strong April

China's oil refinery throughput rose 8.2 percent in May from a year earlier, but was off April's highs as state-run plants began regular maintenance and some independents cut output ahead of a regional summit in a bid to reduce industrial pollution.
Published 15 Jun, 2018 12:00am
Oil mixed as dollar gains and key Opec meeting looms

Oil mixed as dollar gains and key Opec meeting looms

Oil prices were mixed on Thursday, with Brent slipping and US crude gaining, as a stronger dollar weighed and a key supply-setting meeting of the Organization of the Petroleum Exporting Countries loomed. Brent crude oil lost 80 cents to settle at $75.94 a
Published 15 Jun, 2018 12:00am
Tokyo rubber hits 10-week low

Tokyo rubber hits 10-week low

Benchmark Tokyo rubber futures touched a 10-week low on Thursday, in line with a decline in Shanghai futures that traded near a two-year low hit a day earlier amid concerns about oversupply. The Tokyo Commodity Exchange rubber contract for November delive
Published 15 Jun, 2018 12:00am
Palm oil recovers as traders buy at low prices
Vegetable Oil

Palm oil recovers as traders buy at low prices

Malaysian palm oil futures rose on Thursday, pulling back from a more than 22-month low hit in the previous session, as traders took the opportunity to buy at low prices ahead of Eid festivities during the weekend. The benchmark palm oil contract for Augu
Published 15 Jun, 2018 12:00am
White sugar prices fall on weak euro, New York cocoa rebounds
Currency

White sugar prices fall on weak euro, New York cocoa rebounds

White sugar futures fell on Thursday weighed by selling by European producers as a decline in the value of the euro made dollar-based prices more attractive in local currency terms. August white sugar fell $4.60, or 1.3 percent, to $348.80 a tonne by 1329
Published 15 Jun, 2018 12:00am
Gold reverses gains in New York

Gold reverses gains in New York

Gold prices turned lower on Wednesday after the US Federal Reserve announced it was raising interest rates. The Fed's move was widely expected but marked a milestone in the US central bank's shift from policies used to battle the 2007-2009 financial crisi
Published 15 Jun, 2018 12:00am
Gold rises in Asia

Gold rises in Asia

Gold hit a two-week high on Thursday, supported by a weaker dollar and trade worries between Washington and Beijing, even as the US Federal Reserve forecast a slightly faster pace of interest rate hikes this year. Spot gold rose 0.3 percent to $1,302.50 p
Published 15 Jun, 2018 12:00am
Gold climbs in Europe

Gold climbs in Europe

Gold hit its highest in a month on Thursday after the European Central Bank pledged to keep interest rates steady through next summer and investors fretted over weak Chinese data. The precious metal's upside, however, was capped by a firmer dollar and a s
Published 15 Jun, 2018 12:00am
US MIDDAY: corn, soy, wheat futures fall

US MIDDAY: corn, soy, wheat futures fall

Forecasts for crop-boosting weather in key growing areas of the US Midwest pushed corn and soybean futures to multi-month lows on Thursday, traders said. Wheat futures also were sharply lower, their second straight day of steep declines, with investors co
Published 15 Jun, 2018 12:00am
US MIDDAY: gold hits one-month high

US MIDDAY: gold hits one-month high

Gold prices rose to a one-month high on Thursday after the European Central Bank (ECB) pledged to keep interest rates steady through the summer of 2019 and investors fretted over weak Chinese data. The precious metal's upside, however, was capped by a fir
Published 15 Jun, 2018 12:00am
Prime Minister reviews performance of law & justice div

Prime Minister reviews performance of law & justice div

Interim Prime Minister former Justice Nasir-ul-Mulk chaired a briefing on Thursday on performance of Law & Justice Division at Prime Minister's Office. Minister for Law Syed Ali Zafar, Secretary to Prime Minister Suhail Aamir, Additional Secretary Law Div
Published 15 Jun, 2018 12:00am
UNGA castigates Israel over Gaza deaths, Pakistan hails vote

UNGA castigates Israel over Gaza deaths, Pakistan hails vote

The United Nations General Assembly has adopted a resolution put forward by Turkey and Algeria, with the co-sponsorship of Pakistan and 35 other countries that call for greater protection for Palestinians, and deploring any use of "excessive, disproportio
Published 15 Jun, 2018 12:00am
Pakistan assures Japan: all tax-related issues to be resolved
Currency

Pakistan assures Japan: all tax-related issues to be resolved

Pakistan has assured the Japanese government to resolve all tax related issues raised by Japanese investors, including tax exemption to companies, foolproof security for staff/contractors of Japanese companies, joint ventures (JVs) with renowned Japanese
Published 15 Jun, 2018 12:00am
RO accepts Maryam's papers for NA-127

RO accepts Maryam's papers for NA-127

The nomination papers of Pakistan Muslim League-Nawaz (PML-N) leader Maryam Nawaz for the National Assembly constituency NA-127 has been cleared by the returning officer. Earlier, the returning officer reserved verdict after objection was raised for havin
Published 15 Jun, 2018 12:00am
PAD provides lentil seeds on subsidized rates

PAD provides lentil seeds on subsidized rates

The Punjab Agriculture Department (PAD), in a bid to increase area under sowing of pulses, has started providing lentil seeds on subsidized rates to the farmers.
Published 15 Jun, 2018 12:00am
Nawaz, Maryam off to London

Nawaz, Maryam off to London

Former Prime Minister Nawaz Sharif and his daughter Maryam Nawaz Thursday left here for London, to celebrate Eid there with ailing Kulsoom Nawaz and other members of Sharif family. While speaking informally to the media before departure to London, Maryam
Published 15 Jun, 2018 12:00am
IPR report throws light on Fata-KP merger issues

IPR report throws light on Fata-KP merger issues

Institute for Policy Reforms on Thursday released a brief titled "Progress and Challenges for the Tribal Districts", regarding issues in FATA's merger with KPK. The IPR Brief brings together views of two renowned experts with vast experience and knowledge
Published 15 Jun, 2018 12:00am
Corp Commander Lahore meets CM Askari

Corp Commander Lahore meets CM Askari

Corp Commander Lahore Lieutenant-General Amir Riaz called on caretaker Punjab Chief Minister Dr Hasan Askari Rizvi here on Thursday. During the meeting, the chief minister paid rich tributes to the sacrifices of Pak army in the war against terrorism and l
Published 15 Jun, 2018 12:00am
Tax deduction on mobile phone top-up cards comes to a halt

Tax deduction on mobile phone top-up cards comes to a halt

The cellular companies have stopped charging central and provincial taxes on pre-paid calling cards from Thursday, said the Federal Board of Revenue (FBR) sources. Chief Justice of Pakistan (CJP) Saqib Nisar had suspended the 'exorbitant tax deductions' f
Published 15 Jun, 2018 12:00am
Rich tributes paid to outgoing Punjab IGP

Rich tributes paid to outgoing Punjab IGP

Senior police officers paid rich tributes to the services rendered by former Punjab Inspector General of Police (IGP) Arif Nawaz Khan in a farewell ceremony held here at the Central Police Office (CPO) on Thursday.
Published 15 Jun, 2018 12:00am
Siraj felicitates nation on Eidul Fitr

Siraj felicitates nation on Eidul Fitr

While congratulating the nation on the auspicious occasion of Eid-ul-Fitr, chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq has urged the nation to rise with a fresh determination to build Pakistan as a true Islamic welfare state according to the s
Published 15 Jun, 2018 12:00am
Punjab CM reviews provision of facilities at polling stations

Punjab CM reviews provision of facilities at polling stations

Caretaker Punjab Chief Minister Dr Hasan Askari Rizvi chaired a high-level meeting, here on Thursday and reviewed matters concerning provision of facilities at polling stations to be set up in public schools for upcoming general elections and other arrang
Published 15 Jun, 2018 12:00am
Dr Mubbsher named PU faculty dean

Dr Mubbsher named PU faculty dean

Punjab University Hailey College of Banking & Finance Principal Prof Dr Mubbsher Munawar Khan has been appointed as Dean, Faculty of Commerce, University of the Punjab by the Governor/Chancellor. Dr Khan has done his PhD from Vienna University of Economic
Published 15 Jun, 2018 12:00am
Rain forecast during Eid holidays

Rain forecast during Eid holidays

Spokesman of Met-Office has stated that pre monsoon rain is likely to start from Saturday in Pakistan. Moist currents will start to penetrate on Friday and rain-thundershower is expected in the country. He said Rain-thundershower with gusty winds and dust
Published 15 Jun, 2018 12:00am
Student stabbed 23 times fights to see her attacker jailed

Student stabbed 23 times fights to see her attacker jailed

A law student has emerged as a women's rights crusader after she was stabbed 23 times in a busy street only to see her alleged attacker walk free, igniting outrage across the deeply patriarchal country. Khadija Siddiqui, 23, survived the frenzied attack i
Published 15 Jun, 2018 12:00am
FBR likely to miss even revised revenue target

FBR likely to miss even revised revenue target

Federal Board of Revenue (FBR) is likely to miss its revised revenue target of Rs 3.935 trillion by Rs 139 billion, it is learnt. Rupees 4.013 trillion was the actual annual revenue target that was earlier fixed for tax year 2017-18 but it had to be revis
Published 15 Jun, 2018 12:00am
Gang of six thieves busted

Gang of six thieves busted

A gang of six thieves involved in theft of electricity strung conductors has been arrested by the local police with the help of NTDC and contractor's security teams near Trimu Head Works in Jhang district. According to details, a dacoit gang equipped with
Published 15 Jun, 2018 12:00am
Sattar slams political parties for indulging in rhetorics

Sattar slams political parties for indulging in rhetorics

Muttahida Qaumi Movement-Pakistan leader Dr Farooq Sattar on Thursday said that election is not the only solution to problems faced by the public, administrative and constitutional amendments should also be considered alongside. While speaking to media pe
Published 15 Jun, 2018 12:00am
Thousands of beggars storm city ahead of Eidul Fitr

Thousands of beggars storm city ahead of Eidul Fitr

A large number of beggars have stormed the city in order to make money by exploiting religious sentiments of the people in the city ahead of Eid-ul-Fitr. Besides, most of the baggers from upcountry also arrived in the city to get alms.
Published 15 Jun, 2018 12:00am
Millat Tractors sets new production & sales record

Millat Tractors sets new production & sales record

Millat Tractors Limited set a new record of production and sales in the tractor industry by producing and selling over 42,500 tractors during the fiscal year 2017-18, thus surpassing its own previous production and sales record of 42,188 and 42,011 units
Published 15 Jun, 2018 12:00am
Naqvi's letter to friends of Abraaj

Naqvi's letter to friends of Abraaj

Dear Friend of Abraaj, as you have seen in the press these last few months have been extremely difficult for all of us at Abraaj. As an important stakeholder in our ecosystem, I wanted to bring you up to date personally on where we stand.
Published 15 Jun, 2018 12:00am
Pesco sets up crisis management cell

Pesco sets up crisis management cell

Peshawar Electric Supply Company (Pesco) has established a crisis management cell to deal with any emergency situations on eve of Eid-ul-Fitr. According to statement issued here on Thursday said that a crisis management cell has been established at Wapda
Published 15 Jun, 2018 12:00am
Reserves up by $37.5 million

Reserves up by $37.5 million

The country's total liquid foreign reserves were mounted up by $37.5 million to $16.457 billion during the last week up from $14.419 billion. According to the State Bank of Pakistan's weekly report issued on Thursday, reserves held by SBP gone up by $24 m
Published 15 Jun, 2018 12:00am
Gang of car thieves busted

Gang of car thieves busted

Anti-Car Lifting Cell (ACLC) Karachi claimed to have busted a gang of car thieves in the metropolis. The ACLC officials said that the gang was active for last six years and had stolen about 100 vehicles from Karachi Defence, Clifton and Shahra-e-Faisal.
Published 15 Jun, 2018 12:00am
Fauzia Kasuri to contest from NA-247 against Arif Alvi

Fauzia Kasuri to contest from NA-247 against Arif Alvi

Pak Sarzameen Party leader Fauzia Kasuri has filed her nomination papers for National Assembly Constituency NA-247 Karachi (previously NA-250). If chosen as her party's candidate, Kasuri is expected to contest against Dr Arif Alvi from her former party Pa
Published 15 Jun, 2018 12:00am
July-May rice exports up by 31 percent

July-May rice exports up by 31 percent

Pakistan's rice exports witnessed a hefty growth of 31 percent in the eleven months (Jul-May) of current fiscal year (FY18) as compared to the same period of last fiscal year (FY17). Pakistan has exported overall 3.51 million metric tons of rice amounting
Published 15 Jun, 2018 12:00am
Import of mobile phones surges by 19 percent in 10MFY18

Import of mobile phones surges by 19 percent in 10MFY18

The country's import of mobile phones surged to $678.607 million in July-April 2017-18, up by 19 percent, official figures say. Increase in import of cellular handsets now stands at $106.227 million in July-April 2017-18 from $572.380 million in July-Apri
Published 15 Jun, 2018 12:00am
KTBA urges FBR to extend date of e-filing

KTBA urges FBR to extend date of e-filing

Karachi Tax Bar Association (KTBA) has requested the Federal Board of Revenue (FBR) to extend the date of e-filing both the income tax withholding statement and of the sales tax monthly return of May 2018 till 25th June 2018.
Published 15 Jun, 2018 12:00am
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