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Oct 25, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-06-23
Greece 'turning a page' as eurozone declares crisis over

Greece 'turning a page' as eurozone declares crisis over

Greek Prime Minister Alexis Tsipras on Friday said his country was "turning a page" after eurozone ministers declared its crisis over as they granted Athens debt relief under a bailout exit strategy. The eurozone ministers' agreement comes nearly a decade
Published 23 Jun, 2018 12:00am
Malaysia picks 1MDB investigator as central bank chief

Malaysia picks 1MDB investigator as central bank chief

A Malaysian official who probed the 1MDB mega-scandal which helped topple the corruption-plagued former regime has been appointed as the new central bank governor, the government said Friday. Nor Shamsiah Mohamad Yunus is returning to Bank Negara Malaysia
Published 23 Jun, 2018 12:00am
Mongolia builds first refinery to ease Russian fuel dependence

Mongolia builds first refinery to ease Russian fuel dependence

Mongolia broke ground on Friday for the construction of the country's first oil refinery with the help of a $1 billion loan from India to ease its dependence on Russian fuel. India's Home Minister Rajnath Singh attended the ceremony along with Mongolian P
Published 23 Jun, 2018 12:00am
YouTube offers creators new ways to earn money

YouTube offers creators new ways to earn money

YouTube, often criticized for not compensating creators well enough, will allow them to set up paid channel memberships, the company said on Thursday. Currently the vast majority of revenue at the Google-owned service comes from advertising and that will
Published 23 Jun, 2018 12:00am
China, Nepal to build Tibet-Kathmandu rail link

China, Nepal to build Tibet-Kathmandu rail link

China and Nepal have agreed to build a railway connecting Tibet with Kathmandu, among a raft of deals signed during the Nepali prime minister's visit to Beijing, reports said Friday. Nepal is seeking closer ties and much-needed energy and infrastructure i
Published 23 Jun, 2018 12:00am
Largest US banks would survive recession: Fed

Largest US banks would survive recession: Fed

The largest US banks are "strongly capitalized" and would survive a severe global economic recession, the Federal Reserve announced Thursday. So-called stress testing by the central bank showed that in the event of pronounced economic troubles - in which
Published 23 Jun, 2018 12:00am
Paris slams brakes on electric car-sharing scheme

Paris slams brakes on electric car-sharing scheme

The city of Paris is pulling the plug on an electric car-sharing system once hailed as the future of urban transport, with officials voting to cancel the contract in the face of mounting losses. The more than 4,000 silver Autolib hatchbacks had become a f
Published 23 Jun, 2018 12:00am
EU slaps tariffs on US as trade war erupts

EU slaps tariffs on US as trade war erupts

The European Union slapped revenge tariffs on iconic US products including bourbon, jeans and motorcycles on Friday in its opening salvo in a trade war with President Donald Trump. Within hours, Trump responded with a threat to impose a 20 percent tariff
Published 23 Jun, 2018 12:00am
Sri Lankan stocks steady

Sri Lankan stocks steady

Sri Lankan shares ended steady on Friday, staying close to the 14-month low hit this week and marking their fifth straight week of losses. The Colombo stock index ended 0.01 percent weaker at 6,228.15, hovering near its lowest close since April 2017 hit o
Published 23 Jun, 2018 12:00am
Hong Kong stocks post biggest weekly loss in three months

Hong Kong stocks post biggest weekly loss in three months

Hong Kong's benchmark stock index ended slightly higher on Friday, but posted its biggest weekly loss in three months amid escalating trade tensions between Beijing and Washington. The Hang Seng index rose 0.2 percent to 29,338.70, while the China Enterpr
Published 23 Jun, 2018 12:00am
Tokyo stocks lower

Tokyo stocks lower

Tokyo stocks closed lower on Friday as a higher yen weighed on the market, reflecting worries over escalating trade tensions. The benchmark Nikkei 225 index lost 0.78 percent or 176.21 points to 22,516.83. Over the week, the index fell 1.47 percent.
Published 23 Jun, 2018 12:00am
Dow drops eighth straight session on trade worry; Amazon slips

Dow drops eighth straight session on trade worry; Amazon slips

US stocks fell on Thursday, with the Dow slumping for an eighth straight decline as industrials wobbled again on trade war concerns while Amazon and other online retailers weakened after a US Supreme Court ruling on state sales tax collection.
Published 23 Jun, 2018 12:00am
Australian shares slip; New Zealand steady

Australian shares slip; New Zealand steady

Australian bank shares rallied after Australia and New Zealand Banking Group doubled its share-buyback programme, but the overall market slipped as trade tensions between China and the United States damaged prospects for export-focussed firms. The S&P/ASX
Published 23 Jun, 2018 12:00am
Treasury yields slip

Treasury yields slip

US Treasury yields fell on Thursday on worries about a continuing US trade battle with China that prompted German carmaker Daimler AG to cut its 2018 profit forecast, and as US data fell below expectations. Benchmark US 10-year note and 30-year bond yield
Published 23 Jun, 2018 12:00am
Treasury yields slip

Treasury yields slip

US Treasury yields fell on Thursday on worries about a continuing US trade battle with China that prompted German carmaker Daimler AG to cut its 2018 profit forecast, and as US data fell below expectations. Benchmark US 10-year note and 30-year bond yield
Published 23 Jun, 2018 12:00am
China stocks have worst week in nearly five months

China stocks have worst week in nearly five months

China stocks managed to end higher on Friday, but posted their worst weekly loss since early February, as lingering concerns over a potential full-blown trade war between China and the United States dampened investor sentiment. The blue-chip CSI300 index
Published 23 Jun, 2018 12:00am
Indian shares rise

Indian shares rise

Indian shares closed higher on Friday, marking their fifth straight winning week, led by gains in financials such as Housing Development Finance Corp Ltd. The broader NSE index closed 0.75 percent higher at 10,821.85, while the benchmark BSE index ended u
Published 23 Jun, 2018 12:00am
Brazil's Bovespa rebounds

Brazil's Bovespa rebounds

Brazil's benchmark Bovespa equities index roared back to life on Friday after tanking almost 3 percent on Thursday as traders bought back into stocks across sectors, seeking bargains amid relative global calm and a solid day on Wall Street.
Published 23 Jun, 2018 12:00am
European shares bounce but trade jitters linger on

European shares bounce but trade jitters linger on

Better-than-expected eurozone economic data and energy stocks galvanised by an Opec agreement on a modest increase in oil production helped drive a bounce in European shares at the end of a tumultuous week marred by trade war worries.
Published 23 Jun, 2018 12:00am
South East Asian stocks subdued

South East Asian stocks subdued

Southeast Asian stock markets were subdued on Friday as investors assessed the likely fallout of US-China trade tensions on corporate results, while Malaysia snapped nine sessions of losses led by gains in financial and energy stocks.
Published 23 Jun, 2018 12:00am
Oil majors push FTSE higher after Opec agreement

Oil majors push FTSE higher after Opec agreement

Britain's top share index rebounded on Friday to post a weekly gain as oil majors got a boost from an Opec deal to modestly raise output, helping to soothe fears over a trade war and the revived prospect of an interest rate hike in August.
Published 23 Jun, 2018 12:00am
Roy runs riot again as England go 4-0 up over Australia

Roy runs riot again as England go 4-0 up over Australia

Jason Roy scored his second hundred of the series as England beat Australia by six wickets at Chester-le-Street on Thursday to move within one win of their first-ever 5-0 one-day international clean sweep of their arch-rivals. England, fresh from their 48
Published 23 Jun, 2018 12:00am
Waqar, Tendulkar urge two-ball rethink

Waqar, Tendulkar urge two-ball rethink

Indian and Pakistani legends Sachin Tendulkar and Waqar Younis on Friday joined calls to scrap the practice of using two new balls in one-day international cricket following a string of mammoth scores. Tendulkar, the highest scoring batsman of all time, w
Published 23 Jun, 2018 12:00am
Boris Becker denies claims diplomatic passport is 'fake'

Boris Becker denies claims diplomatic passport is 'fake'

Tennis legend Boris Becker on Friday insisted that his Central African Republic diplomatic passport, which he claims entitles him to immunity in bankruptcy proceedings, was real despite the country's leaders calling it a "fake". "I have received this pass
Published 23 Jun, 2018 12:00am
PCB chief condoles Jamsheed Marker death

PCB chief condoles Jamsheed Marker death

Pakistan Cricket Board (PCB) Chairman Najam Sethi has offered his sincerest condolence on the death of legendary cricket commentator Jamsheed Marker.
Published 23 Jun, 2018 12:00am
UCI to ban analgesic Tramadol from 2019

UCI to ban analgesic Tramadol from 2019

The International Cycling Union (UCI) is to ban analgesic Tramadol and tighten rules on glucocorticoids - a class of corticosteroids, from next year. The UCI said in a statement released Thursday that it would impose the measures for in-competition use st
Published 23 Jun, 2018 12:00am
Hafeez returns as teams for Zimbabwe tour announced

Hafeez returns as teams for Zimbabwe tour announced

Pakistan recalled Mohammad Hafeez to their Twenty20 and one-day squads Friday for the tour of Zimbabwe after the all-rounder's bowling action was cleared last month. The 37-year-old had his bowling reported as suspect during the one-day series against Sri
Published 23 Jun, 2018 12:00am
Djokovic joins 800-win club with Queen's masterclass

Djokovic joins 800-win club with Queen's masterclass

Novak Djokovic joined the 800-win club as the former world number one moved into the Queen's Club semi-finals with a 7-5, 6-1 victory over Adrian Mannarino on Friday. Djokovic took just 78 minutes to crush Mannarino at the Wimbledon warm-up event, in the
Published 23 Jun, 2018 12:00am
Musa's double downs Iceland as Nigeria come alive

Musa's double downs Iceland as Nigeria come alive

Ahmed Musa struck twice to become the first Nigerian to score at two World Cups Friday as the Super Eagles secured a crucial 2-0 win over Iceland, who missed a penalty. The African side will secure a spot in the knockout stage if they beat Argentina on Tu
Published 23 Jun, 2018 12:00am
Federer reaches Halle semi-finals

Federer reaches Halle semi-finals

Roger Federer stepped up his grass game as the start of Wimbledon looms, holding off Australian Matt Ebden 7-6 (7/2), 7-5 in their quarter-final at the ATP Halle tournament on Friday. With his world number one ranking on the line, the Swiss is sparing no
Published 23 Jun, 2018 12:00am
Argentina deny reports players want Sampaoli out

Argentina deny reports players want Sampaoli out

Argentina denied reports Friday that players want coach Jorge Sampaoli sacked before their final World Cup group game against Nigeria after a humbling 3-0 defeat by Croatia. "It's absolutely false," read a statement from an Argentine team official. "All t
Published 23 Jun, 2018 12:00am
Brazil edge towards knockouts after Costa Rica late show

Brazil edge towards knockouts after Costa Rica late show

Neymar broke down in tears, Brazil breathed a sigh of relief and their coach Tite pulled a muscle as he celebrated a last-gasp 2-0 win over Costa Rica on Friday. Philippe Coutinho finally broke a dogged Costa Rica's resistance in the 91st minute before Ne
Published 23 Jun, 2018 12:00am
ECB sets aside 69 million euros after Steinhoff loss

ECB sets aside 69 million euros after Steinhoff loss

The European Central Bank has set aside 68.9 million euros ($79.83 million) to cover the loss on a corporate bond bought as part of its stimulus programme, the Banque de France said on Wednesday. It was probably related to debt issued by Steinhoff, which
Published 23 Jun, 2018 12:00am
US leaks 60 percent more methane than government says

US leaks 60 percent more methane than government says

The US oil and gas industry leaks 60 percent more methane than official government estimates, a report said Thursday, warning of this potent greenhouse gas's effect on the environment. US industry emits some 13 million metric tons each year, far more than
Published 23 Jun, 2018 12:00am
Shell sells $1.3 billion of oil and gas assets in Norway, Malaysia

Shell sells $1.3 billion of oil and gas assets in Norway, Malaysia

Royal Dutch Shell announced the sale on Wednesday of oil and gas assets in Norway and Malaysia for over $1.3 billion, bringing it closer to a target of $30 billion in disposals by year-end. The Anglo-Dutch company agreed to sell to OKEA, a Norwegian produ
Published 23 Jun, 2018 12:00am
Canada rate hike in question as data disappoints

Canada rate hike in question as data disappoints

An unexpected plunge in Canada's retail sales in April and flat inflation figures for May drove the Canadian dollar to a year-low on Friday and cut expectations for a July rate hike to 50-50 at best. Retail sales fell 1.2 percent in April, the largest dro
Published 23 Jun, 2018 12:00am
BP axes purchase of Australian petrol pump network

BP axes purchase of Australian petrol pump network

British energy giant BP has axed its planned $1.3-billion purchase of a network of Australian petrol stations, it said Thursday. "BP Australia will not continue with the proposed acquisition of Woolworths' retail fuel and convenience business," it said in
Published 23 Jun, 2018 12:00am
Poland says eurozone budget could spell 'end of EU'
Currency

Poland says eurozone budget could spell 'end of EU'

Poland on Thursday warned that a eurozone budget proposed by France and Germany to bolster the 19-member currency bloc could spell the end of the European Union should it drain resources from the shared budget of all members. France's President Emmanuel M
Published 23 Jun, 2018 12:00am
UBS and Credit Suisse must work on TBTF emergency plans

UBS and Credit Suisse must work on TBTF emergency plans

Switzerland's two biggest banks, UBS and Credit Suisse, have more work to do on emergency planning to meet new too-big-to-fail rules by the end of 2019, the Swiss National Bank said on Thursday. "Since publication of the last Financial Stability Report, t
Published 23 Jun, 2018 12:00am
UBS and Credit Suisse must work on TBTF emergency plans

UBS and Credit Suisse must work on TBTF emergency plans

Switzerland's two biggest banks, UBS and Credit Suisse, have more work to do on emergency planning to meet new too-big-to-fail rules by the end of 2019, the Swiss National Bank said on Thursday. "Since publication of the last Financial Stability Report, t
Published 23 Jun, 2018 12:00am
Dollar index flat in Asia
Currency

Dollar index flat in Asia

The dollar pulled back from an 11-month peak against a basket of major currencies on Friday as investors took profits after the currency's earlier rally, while sterling rebounded from a seven-month low after a slightly hawkish tilt from the Bank of Englan
Published 23 Jun, 2018 12:00am
Euro trims early gains in Europe
Currency

Euro trims early gains in Europe

The euro trimmed some early gains on Friday as concerns of a growing trade conflict between the world's two biggest economies kept a lid on appetite for taking large risky bets. In early trading, the single currency had rallied half a percent after strong
Published 23 Jun, 2018 12:00am
Dollar retreats from 11-month high in New York
Currency

Dollar retreats from 11-month high in New York

The dollar fell from an 11-month high against a basket of major currencies on profit-taking on Thursday, while sterling recovered from a seven-month low as the Bank of England's top economist unexpectedly supported an interest rate hike.
Published 23 Jun, 2018 12:00am
Yuan eases again
Currency

Yuan eases again

China's yuan fell to its lowest in more than five months against the dollar on Friday, hit by weaker central bank guidance and continuous seasonal corporate demand for the greenback. The Chinese currency, set for its worst week since November 2016, has er
Published 23 Jun, 2018 12:00am
Most Asian currencies set for losing week
Currency

Most Asian currencies set for losing week

Most Asian currencies trod water on Friday, and with the exception of the Indian rupee they were set to end the week lower, partly due to concerns over a brewing trade war and caution ahead an Opec meeting later in the day. The Chinese yuan eased about 0.
Published 23 Jun, 2018 12:00am
Sri Lankan rupee up
Currency

Sri Lankan rupee up

The Sri Lankan rupee ended firmer on Friday, further pulling away from a record-low, as exporters sold the US dollar and foreign investors bought government securities a day after the island nation received more than half a billion dollars from a Chinese
Published 23 Jun, 2018 12:00am
Sterling hits six-day high
Currency

Sterling hits six-day high

The pound rose to a six-day high on Friday after a Bank of England meeting revived expectations of a rate hike this year, but fears of a breakdown in Brexit talks next week limited sterling's gains. The British currency has struggled through much of June,
Published 23 Jun, 2018 12:00am
Aussie, kiwi crawl off lows
Currency

Aussie, kiwi crawl off lows

The Australian and New Zealand dollars on Friday recouped a little of their recent hefty losses as their US counterpart ran into profit-taking, though both remained vulnerable to a return oof trade friction at any time The Australian dollar inched up to $
Published 23 Jun, 2018 12:00am
Weak monsoon delays cotton, soyabean sowing in India
Cotton

Weak monsoon delays cotton, soyabean sowing in India

Sowing of summer-sown crops such as soyabean, cotton, corn and pulses has been delayed in India due to the slow progress of monsoon rains in central and western parts of the country, raising concerns over output, industry officials told Reuters.
Published 23 Jun, 2018 12:00am
Zinc hits 10-month low, copper prices flat

Zinc hits 10-month low, copper prices flat

Zinc prices hit their lowest in 10 months on Friday as traders eyed rising stocks and bet on increased mine supply, while bellwether copper clocked a second week of falls on fears a trade war between Washington and Beijing would hit demand. Zinc stocks in
Published 23 Jun, 2018 12:00am
Oil jumps as Opec agrees to modest output hikes

Oil jumps as Opec agrees to modest output hikes

Oil prices soared on Friday after oil producers agreed to modest crude output increases to compensate for losses in production at a time of rising global demand. The Organization of the Petroleum Exporting Countries and other top crude producers, meeting
Published 23 Jun, 2018 12:00am
Rubber falls

Rubber falls

Benchmark Tokyo rubber futures declined slightly on Friday, even as Shanghai rubber recovered from a sharp drop. The Tokyo Commodity Exchange rubber contract for November delivery finished 0.8 yen ($0.0073) lower at 173.4 yen per kg, ending the week with
Published 23 Jun, 2018 12:00am
Palm oil sees strongest gain in almost three weeks
Vegetable Oil

Palm oil sees strongest gain in almost three weeks

Malaysian palm oil futures snapped snap a four-session decline on Friday evening, seeing its strongest gains in nearly three weeks, on a weaker production outlook and tracking overnight gains in US soyaoil. The benchmark palm oil contract for September de
Published 23 Jun, 2018 12:00am
Raw sugar climbs, spot London cocoa premium surges

Raw sugar climbs, spot London cocoa premium surges

Raw sugar futures rose on Friday, boosted by signs of weaker monsoon rains in No. 2 grower India and spillover support from larger commodities, while the spot London cocoa contract's premium over September vaulted. The 19-market Thomson Reuters CoreCommod
Published 23 Jun, 2018 12:00am
Gold slightly higher in New York
Currency

Gold slightly higher in New York

The price of gold rose slightly on Thursday, lifted off an early six-month low as the US dollar fell from an 11-month high, with traders saying they heard Russia had bid for bullion. Spot gold was up 0.2 percent at $1,265.4 an ounce at 1501 GMT but off a
Published 23 Jun, 2018 12:00am
Gold edge up in Asia

Gold edge up in Asia

Gold prices inched higher on Friday after hitting a six-month trough in the previous session, as the US dollar pulled back from a 11-month peak on profit-booking. Spot gold was up 0.2 percent at $1,269.46 an ounce, as of 0644 GMT. In the prior session, bu
Published 23 Jun, 2018 12:00am
Gold rises in Europe

Gold rises in Europe

Gold prices edged up from six-month lows on Friday as the dollar slipped, but the modest nature of the recovery suggested speculators might still be poised to punish the metal further. Spot gold was up 0.2 percent at $1,268.84 an ounce, by 1345 GMT. In th
Published 23 Jun, 2018 12:00am
US MIDDAY: soya, corn steady
Cotton

US MIDDAY: soya, corn steady

US soyabean and corn futures stabilized on Friday but remained on course for their fourth consecutive week of losses due to concerns over the escalating trade dispute between the United States and China. Soya prices advanced after plunging to their lowest
Published 23 Jun, 2018 12:00am
US MIDDAY: gold claws higher

US MIDDAY: gold claws higher

Gold prices rose from six-month lows on Friday as the dollar slipped, but the modest nature of the recovery suggested speculators might still be poised to punish the metal further. Spot gold gained 0.2 percent at $1,268.76 per ounce by 1:34 pm EDT (1734 G
Published 23 Jun, 2018 12:00am
US imposes sanctions on top DR Congo officials for graft

US imposes sanctions on top DR Congo officials for graft

The US State Department says it has imposed sanctions and visa bans on top DR Congo officials for corruption linked to long-delayed elections due in December and for rights abuses. It asked President Joseph Kabila, in power since 2001, to ensure a peacefu
Published 23 Jun, 2018 12:00am
Civilians flee combat zones around Yemen's Hodeida

Civilians flee combat zones around Yemen's Hodeida

Clashes between Yemeni government forces and Huthi rebels around the Red Sea port city of Hodeida eased Friday as more civilians fled the combat zones for fear of a fierce showdown, a UN humanitarian agency said. "More people are fleeing areas of conflict
Published 23 Jun, 2018 12:00am
US Supreme Court says warrant needed to get cell phone location data

US Supreme Court says warrant needed to get cell phone location data

In a landmark digital privacy case, the US Supreme Court ruled Friday that police need a warrant before obtaining cell phone location data about a suspect from telecom companies. In a 5-4 decision, the nation's highest court said such data is protected un
Published 23 Jun, 2018 12:00am
Demographic gap widens between eastern, western Europe

Demographic gap widens between eastern, western Europe

A demographic gulf has opened up in Europe since the fall of the Iron Curtain, with migration behind a population decline in many eastern European countries, according to a report published Friday. While the population grew by 12 percent between 1990 and
Published 23 Jun, 2018 12:00am
Former guerilla sworn in as East Timor leader

Former guerilla sworn in as East Timor leader

East Timor swore in a new government led by former guerilla fighter Taur Matan Ruak on Friday following a protracted political crisis that has paralysed the tiny Southeast Asian nation. Ruak heads the second government in less than a year in the impoveris
Published 23 Jun, 2018 12:00am
Five charity workers gang-raped in India

Five charity workers gang-raped in India

Five women working for a charity in remote eastern India were abducted and gang-raped at gunpoint, police said Friday, in the latest horrific sex assault in the country. The women said in their complaint they were performing a play to raise awareness abou
Published 23 Jun, 2018 12:00am
Italy doubles down on anti-migrant stance ahead of EU summit

Italy doubles down on anti-migrant stance ahead of EU summit

Italy doubled down Friday on its new tough stance against migrants, insisting it could not take "one more" refugee and warning the migration crisis could put the bloc's survival at stake. Just two days before a mini summit on the issue in Brussels, Italy'
Published 23 Jun, 2018 12:00am
Refugee returns to Syria must be coordinated with UN: Merkel

Refugee returns to Syria must be coordinated with UN: Merkel

The return of Syrian refugees to their homeland can only happen in coordination with the United Nations, German Chancellor Angela Merkel said on Friday during her two-day visit to Lebanon. Refugee returns have been a hot-button issue in Lebanon, a small c
Published 23 Jun, 2018 12:00am
Powerful 6.1-magnitude quake strikes Vanuatu: USGS

Powerful 6.1-magnitude quake strikes Vanuatu: USGS

A powerful 6.1-magnitude earthquake hit Vanuatu Friday, US seismologists said, but there were no immediate reports of damage and no tsunami warning issued. The quake struck at a depth of 21 kilometers (13 miles) some 30 kilometers west of the Pacific nati
Published 23 Jun, 2018 12:00am
EU fears 'devastating humanitarian consequences' in south Syria

EU fears 'devastating humanitarian consequences' in south Syria

The European Union warned Friday of "devastating humanitarian consequences" in rebel-held southern Syria as President Bashar al-Assad's regime and his allies pound the region. The EU's diplomatic arm called for protecting civilians and allowing humanitari
Published 23 Jun, 2018 12:00am
UN slams Trump over child detentions

UN slams Trump over child detentions

The UN on Friday acknowledged Washington's decision to stop separating migrant families at the US-Mexico border but insisted that detaining children with their parents was not the solution. "Children should never be detained for reasons related to their o
Published 23 Jun, 2018 12:00am
Trump urges Republican lawmakers to drop immigration bill effort

Trump urges Republican lawmakers to drop immigration bill effort

President Donald Trump urged Republican lawmakers on Friday to drop their efforts to pass comprehensive immigration legislation until after the November elections, sending mixed signals to his party amid an ongoing crisis over his border policies.
Published 23 Jun, 2018 12:00am
230 awarded degrees at KUST convocation

230 awarded degrees at KUST convocation

Governor Khyber Pakhtunkhwa Engr Iqbal Zafar Jhagra has said we are passing through a very tough phase of our history but the history reveals that all great nations do go through such disorders and it is not at all unusual, adding that we are neither the
Published 23 Jun, 2018 12:00am
IEEEP Fair to begin on July 31 at Expo Centre

IEEEP Fair to begin on July 31 at Expo Centre

IEEEP Fair 2018 is going to be held from 31st July to 2nd August 2018 at Karachi Expo Centre. IEEEP Fair 2018 is organized by Institute of Electrical and Electronics Engineers of Pakistan (IEEEP) Karachi Centre, an association of Engineers of Pakistan, in
Published 23 Jun, 2018 12:00am
KWSB to ensure equal distribution of water in all districts: MD

KWSB to ensure equal distribution of water in all districts: MD

Karachi Water and Sewerage Board (KW&SB) Managing Director Khalid Mehmood Shaikh on Friday said that water in the Hub Dam is at low level that has affected water supply to different areas, particularly the Central and West Districts of the metropolis.
Published 23 Jun, 2018 12:00am
Nomination papers of several politicians challenged

Nomination papers of several politicians challenged

The nomination papers of Imran Khan, Maryam Nawaz, Sardar Ayaz Sadiq, Khwaja Asif, Pervez Malik, Aleem Khan, Dr Firdous Ashiq Awan, and others have been challenged before the election tribunals. The time limit to challenge the candidates' nomination paper
Published 23 Jun, 2018 12:00am
PSX holds briefing on Tax Amnesty Scheme

PSX holds briefing on Tax Amnesty Scheme

Pakistan Stock Exchange Limited on Friday arranged a briefing on Tax Amnesty Scheme for its TRE certificate holders and market participants. The panelists on the occasion included Syed Muhammad Shabbar Zaidi, Senior Partner and Chairman A.F. Fergusons (PW
Published 23 Jun, 2018 12:00am
PSX holds briefing on Tax Amnesty Scheme

PSX holds briefing on Tax Amnesty Scheme

Pakistan Stock Exchange Limited on Friday arranged a briefing on Tax Amnesty Scheme for its TRE certificate holders and market participants. The panelists on the occasion included Syed Muhammad Shabbar Zaidi, Senior Partner and Chairman A.F. Fergusons (PW
Published 23 Jun, 2018 12:00am
AlifAilaan launches 'Taleem Do' mobile app

AlifAilaan launches 'Taleem Do' mobile app

AlifAilaan has recently launched a citizen reporting mobile app and online platform "Taleem Do!" AlifAilaan is an education campaign that has been working for the last five years to make sure that Pakistan's leaders understand the urgency of the education
Published 23 Jun, 2018 12:00am
PRA collects Rs 100.3 billion from July 2017 to May 2018

PRA collects Rs 100.3 billion from July 2017 to May 2018

Punjab Revenue Authority collected Rs 100.3 billion revenue from July 2017 till May 2018 through its various innovative schemes to motivate the citizens for payment of their due taxes. Chairman Punjab Revenue Authority Dr Raheel Ahmed Siddiqui said these
Published 23 Jun, 2018 12:00am
WCLA partially demolishes 4 plazas inside Masti Gate

WCLA partially demolishes 4 plazas inside Masti Gate

The Walled City of Lahore Authority (WCLA) has partially demolished four illegal plazas inside Masti Gate besides demolishing a numbeer of encroachments on Friday The operations were carried out with the support of local police and the staff of Building C
Published 23 Jun, 2018 12:00am
Joanne Wagner new US CG in Karachi

Joanne Wagner new US CG in Karachi

Joanne Wagner assumed her position as the United States Consul General in Karachi, on June 21, 2018. A career member of the United States Senior Foreign Service, she most recently served in Washington, DC with the Board of Examiners, helping to select the
Published 23 Jun, 2018 12:00am
Punjab caretaker government preparing next four months' budget

Punjab caretaker government preparing next four months' budget

Caretaker Provincial Minister for Agriculture, Food and Planning & Development Sardar Tanvir Ilyas Khan said here on Friday that as the current financial year is ending on 30th June, the interim government is preparing budget for next four months about wh
Published 23 Jun, 2018 12:00am
Xiaomi joins hands with Airlink to market products in Pakistan

Xiaomi joins hands with Airlink to market products in Pakistan

Global technology leader Xiaomi, which is known for its range of amazing products at reasonable prices, has joined hands with Airlink Communications as its second distributor in Pakistan. "The partnership between Xiaomi and Airlink Communications is a rec
Published 23 Jun, 2018 12:00am
Obituary

Obituary

Syed Sadiq Ali Shah Father of Syed Khalid Mehmood Shah Executive Member Faisalabad Chamber of Commerce & Industry (FCCI) breathed his last here yesterday.
Published 23 Jun, 2018 12:00am
Amnesty Scheme: FAQs
Currency

Amnesty Scheme: FAQs

The following is the text of the FREQUENTLY ASKED QUESTIONS (FAQS) distributed by the Federal Board of Revenue (FBR) during press conference of FBR Official Spokesperson & Member Policy Dr Muhammad Iqbal on amnesty scheme here on Friday:
Published 23 Jun, 2018 12:00am
Amnesty Scheme: FAQs
Currency

Amnesty Scheme: FAQs

The following is the text of the FREQUENTLY ASKED QUESTIONS (FAQS) distributed by the Federal Board of Revenue (FBR) during press conference of FBR Official Spokesperson & Member Policy Dr Muhammad Iqbal on amnesty scheme here on Friday:
Published 23 Jun, 2018 12:00am
Amnesty Scheme: FAQs
Currency

Amnesty Scheme: FAQs

The following is the text of the FREQUENTLY ASKED QUESTIONS (FAQS) distributed by the Federal Board of Revenue (FBR) during press conference of FBR Official Spokesperson & Member Policy Dr Muhammad Iqbal on amnesty scheme here on Friday:
Published 23 Jun, 2018 12:00am
Uzbek envoy invites private sector for joint ventures

Uzbek envoy invites private sector for joint ventures

Ambassador of Uzbekistan Furqat Sidiqov has invited Pakistani private sector to join hands with Uzbek businessmen in the fields of pharmaceutical, textile, fertilizer and other sectors of economy. While speaking at the Lahore Chamber of Commerce and Indus
Published 23 Jun, 2018 12:00am
Single country exhibitions to be held in Canada

Single country exhibitions to be held in Canada

President Pakistan Canadian Business Chamber Shafqat Bashir has said that single country exhibitions are due to be held in Toronto and Montreal in September of this year. While talking to the senior vice president of the Lahore Chamber of Commerce and Ind
Published 23 Jun, 2018 12:00am
PAT forms Pakistan Awami Lawyers Movement

PAT forms Pakistan Awami Lawyers Movement

Pakistan Awmi Tehreek (PAT) has formed Pakistan Awami Lawyers Movement (PALM), with senior advocate Lehrasib Gondal as central president and Muhammad Hussain Shad as secretary General.
Published 23 Jun, 2018 12:00am
Ayaz Sadiq demands removal of RO NA-129

Ayaz Sadiq demands removal of RO NA-129

Former speaker of the National Assembly Sardar Ayaz Sadiq, who is contesting upcoming election against PTI leader Aleem Khan from Lahore, has demanded removal of NA-129 Returning Officer (RO) Ghulam Murtaza Uppal.
Published 23 Jun, 2018 12:00am
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