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Print - 2018-07-12
Aussie, kiwi down
Currency

Aussie, kiwi down

The Australian and New Zealand dollars were dealt a blow on Wednesday after the United States threatened to slap further import duties on Chinese goods, fuelling fears of a full-blown trade war. Washington decided to impose tariffs on an extra $200 billio
Published 12 Jul, 2018 12:00am
Rand ends winning streak
Currency

Rand ends winning streak

South Africa's rand retreated more than one percent on Wednesday as fears of a trade war between the United States and China hit global demand for emerging market currencies. Stocks also weakened with commodity stocks taking the hardest knock.
Published 12 Jul, 2018 12:00am
Sterling edges lower against dollar
Currency

Sterling edges lower against dollar

The pound edged down from $1.33 on Wednesday as investors tried to gauge whether the resignation of two ministers over Prime Minister Theresa May's Brexit plans would affect an expected interest rate hike this summer. The currency's weakness was limited,
Published 12 Jul, 2018 12:00am
Gulf markets end mixed as oil prices fall on US tariff threat

Gulf markets end mixed as oil prices fall on US tariff threat

Gulf stock markets ended mixed on Wednesday as sentiment was hurt by a more than $2 a barrel drop in Brent crude after United States President Donald Trump threatened new tariffs on China. Qatar shares, down 0.4 percent, and Oman's index, 1 percent lower,
Published 12 Jul, 2018 12:00am
Indian shares flat

Indian shares flat

Indian shares ended largely unchanged on Wednesday as threats of a new tariff imposition on Chinese goods by the United States hurt sentiment, but losses were curbed as technology stocks such as Tata Consultancy Services Ltd gained after posting a record
Published 12 Jul, 2018 12:00am
Wednesday's early trade: stocks fall over trade worries

Wednesday's early trade: stocks fall over trade worries

US stocks fell on Wednesday and looked set to snap their four-day winning streak after Washington's threat to impose tariffs on an additional $200 billion worth of Chinese goods raised fears of an escalating trade war. China responded to Trump's threats b
Published 12 Jul, 2018 12:00am
S&P 500 posts highest close since February

S&P 500 posts highest close since February

The S&P 500 rose on Tuesday to post its highest closing level since February 1, the day before the market began a sharp extended selloff, as strong results from PepsiCo boosted optimism about the earnings season. The consumer staples index climbed 1.3 per
Published 12 Jul, 2018 12:00am
Australian, New Zealand shares dips

Australian, New Zealand shares dips

Escalating trade tensions knocked Australian shares on Wednesday, as Washington's threat to impose tariffs on a further $200 billion of Chinese imports rang alarm bells across financial markets. Broad-based losses pushed the S&P/ASX 200 index 0.7 percent
Published 12 Jul, 2018 12:00am
US yield curve flattest since 2007

US yield curve flattest since 2007

Yields on shorter-dated Treasuries hit session highs following a weak auction of 3-year notes that left the yield curve at its flattest in over a decade. The auction for $33 billion in 3-year notes in the afternoon had the lowest bid-to-cover ratio since
Published 12 Jul, 2018 12:00am
US yield curve flattest since 2007

US yield curve flattest since 2007

Yields on shorter-dated Treasuries hit session highs following a weak auction of 3-year notes that left the yield curve at its flattest in over a decade. The auction for $33 billion in 3-year notes in the afternoon had the lowest bid-to-cover ratio since
Published 12 Jul, 2018 12:00am
Sri Lankan shares up

Sri Lankan shares up

Sri Lankan shares closed firmer on Wednesday as investors bought beaten-down blue chips, while many market participants remained on the sidelines due to a lack of bullish news amid concerns over political uncertainty, stockbrokers said.
Published 12 Jul, 2018 12:00am
China shares drop
Currency

China shares drop

China's stocks slumped Wednesday after three days of gains and the yuan weakened as the United States threatened more import duties on Chinese goods, sharply escalating the trade conflict between the world's two biggest economies.
Published 12 Jul, 2018 12:00am
TSX rises

TSX rises

The Toronto Stock Exchange's S&P/TSX rose 96.38 points, or 0.59 percent, to 16,548.72 on Tuesday. TSX posts second-straight record closing high. The biggest contributor to the TSX gain was Alimentation Couche-Tard Inc with 11.9 net index points. Energy wa
Published 12 Jul, 2018 12:00am
FTSE 100 miners, energy stocks slide on new US tariff list

FTSE 100 miners, energy stocks slide on new US tariff list

British shares sold off on Wednesday as the United States threatened to slap 10 percent tariffs on a list of $200 billion worth of Chinese imports, escalating a trade war and sending jitters across global markets. The blue-chip FTSE 100 index fell 1.3 per
Published 12 Jul, 2018 12:00am
Libya resumes oil exports from key eastern ports

Libya resumes oil exports from key eastern ports

Libya is resuming oil exports from its eastern production heartland, its National Oil Corporation said Wednesday after a showdown between the war-torn country's rival authorities. The internationally recognised NOC was handed back control of four terminal
Published 12 Jul, 2018 12:00am
Canada's central bank raises key interest rate to 1.5 percent

Canada's central bank raises key interest rate to 1.5 percent

The Bank of Canada on Wednesday hiked its benchmark interest rate to 1.5 percent, the first increase since mid-January, as the Group of Seven economy tries to tame inflation. The interest rate increase of 25 basis points - which was expected by analysts -
Published 12 Jul, 2018 12:00am
ECB unveils compromise solution for banks' soured loan problem

ECB unveils compromise solution for banks' soured loan problem

European Central Bank supervisors will give euro zone banks extra time to set cash aside against their bad loans if their pile of soured debt is particularly high, the ECB said on Wednesday. It was announcing long-delayed guidelines aimed at bringing down
Published 12 Jul, 2018 12:00am
Canada coffee chain Tim Hortons to open 1,500 stores in China

Canada coffee chain Tim Hortons to open 1,500 stores in China

Canadian coffee shop chain Tim Hortons announced Wednesday it will open more than 1,500 branches in China over the next decade. "China's population and vibrant economy represent an excellent growth opportunity for Tim Hortons in the coming years," said Al
Published 12 Jul, 2018 12:00am
Brexit to create 3,500 finance jobs in Paris: industry group

Brexit to create 3,500 finance jobs in Paris: industry group

Britain's moves towards exiting the European Union are already expected to create some 3,500 finance and banking jobs in Paris as leading players in the sector move their operations out of London, an industry group said Wednesday.
Published 12 Jul, 2018 12:00am
Malaysia's holds its policy interest rate at 3.25 percent

Malaysia's holds its policy interest rate at 3.25 percent

Malaysia's central bank kept its key interest rate at 3.25 percent on Wednesday, as expected, as inflation is not a threat and there's no pressure at present to raise rates. All 10 economists polled by Reuters had forecast that Bank Negara Malaysia (BNM)
Published 12 Jul, 2018 12:00am
EU and BoE clash over fate of financial contracts after Brexit

EU and BoE clash over fate of financial contracts after Brexit

The European Commission said on Wednesday that existing financial contracts, such as derivatives or insurance, are unlikely to be affected by Britain's departure from the European Union - a view the Bank of England described as "wrong headed".
Published 12 Jul, 2018 12:00am
EU and BoE clash over fate of financial contracts after Brexit

EU and BoE clash over fate of financial contracts after Brexit

The European Commission said on Wednesday that existing financial contracts, such as derivatives or insurance, are unlikely to be affected by Britain's departure from the European Union - a view the Bank of England described as "wrong headed".
Published 12 Jul, 2018 12:00am
India's Vistara places $3.1 billion order with Airbus, Boeing

India's Vistara places $3.1 billion order with Airbus, Boeing

India's newest airline Vistara said on Wednesday it had ordered 19 jets from Boeing and Airbus for a combined $3.1 billion as it prepares to launch international flights. As the country enjoys a boom in air travel owing to its growing middle class, airlin
Published 12 Jul, 2018 12:00am
US producer inflation rises on strong services gains

US producer inflation rises on strong services gains

US producer prices increased more than expected in June amid gains in the cost of services and motor vehicles, leading to the biggest annual increase in 6-1/2 years. The report published by the Labour Department on Wednesday also showed a pickup in underl
Published 12 Jul, 2018 12:00am
Trade war could impede US transport infrastructure growth: Fitch

Trade war could impede US transport infrastructure growth: Fitch

An escalating trade war between the United States and some of its major trading partners would impair growth for US airports, toll roads and ports over time if it slows the economy or triggers a recession, Fitch Ratings said on Wednesday.
Published 12 Jul, 2018 12:00am
Shanghai metals fall

Shanghai metals fall

On the Shanghai Futures Exchange, the most-traded copper fell as far as 47,800 yuan ($7,175) a tonne on Wednesday, its weakest since June 23 last year. Zinc was also hard hit, with the metal dropping by its 6 percent downside limit in Shanghai to 20,620 y
Published 12 Jul, 2018 12:00am
Metals slide on escalating trade war; consumers dip in

Metals slide on escalating trade war; consumers dip in

Industrial metals tumbled on Wednesday, with copper, zinc and lead sinking to the lowest in about a year as speculators unleashed selling on the back of a further escalation in the US-Chinese trade conflict. Prices bounced off their lows, however, as some
Published 12 Jul, 2018 12:00am
Cotton futures dip over 2 percent
Cotton

Cotton futures dip over 2 percent

ICE cotton futures slipped over 2 percent on Wednesday, to mark its biggest one-day percentage decline in three weeks, as trade tensions grew with the United States threatening 10 percent tariffs on $200 billion of imported Chinese goods.
Published 12 Jul, 2018 12:00am
Crude oil benchmark Brent sees biggest one-day fall in two years

Crude oil benchmark Brent sees biggest one-day fall in two years

Global benchmark Brent crude oil had its biggest one-day drop in two years on Wednesday as escalating US-China trade tensions threatened to hurt oil demand, and news that Libya would reopen its ports raised expectations of growing supply.
Published 12 Jul, 2018 12:00am
Rubber slides

Rubber slides

Benchmark Tokyo rubber futures slid on Wednesday amid a broad selloff in commodities after the United States threatened to levy new tariffs on China, deepening trade tensions that could depress global economic growth. The Tokyo Commodity Exchange (TOCOM)
Published 12 Jul, 2018 12:00am
Malaysian palm oil drops over 2 percent
Vegetable Oil

Malaysian palm oil drops over 2 percent

Malaysian palm oil futures fell over 2 percent to a two-year low on Wednesday evening, tracking weakness in related oils on China's Dalian Commodity Exchange and as an escalating US-China trade conflict weighed on the market.
Published 12 Jul, 2018 12:00am
Coffee, sugar and cocoa settle lower

Coffee, sugar and cocoa settle lower

Coffee and sugar prices settled lower on Wednesday, dragged down by losses elsewhere in commodity markets linked to an escalation in a trade conflict betweenn the United States and China September arabica coffee settled down 2.75 cents, or 2.4 percent, at
Published 12 Jul, 2018 12:00am
Gold lower in New York

Gold lower in New York

Gold prices fell on Tuesday, weighed down by a stronger US dollar, and may re-test a seven-month low after a failed attempt to break higher in the previous session. Spot gold was down 0.2 percent at $1,255.09 an ounce by 1:33 p.m. EDT (1733 GMT), after re
Published 12 Jul, 2018 12:00am
Gold down in Asia

Gold down in Asia

Gold prices fell on Wednesday as the dollar firmed against the yuan after the United States threatened to impose additional tariffs on Chinese goods, escalating trade tensions between the world's two largest economies.
Published 12 Jul, 2018 12:00am
Gold slips in Europe

Gold slips in Europe

Gold prices slipped on Wednesday as US threats of tariffs on an additional $200 billion of Chinese goods pushed safe-haven flows to the dollar and dashed hopes that Washington will eventually step back from the escalating row.
Published 12 Jul, 2018 12:00am
US MIDDAY: soya, corn hit new lows

US MIDDAY: soya, corn hit new lows

US soyabean futures dropped to contract lows on Wednesday as an escalating trade war with China stoked worries about long-term export demand from the world's top importer of the oilseed. Favorable crop weather in the US Midwest weighed on soyabeans and co
Published 12 Jul, 2018 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold prices slipped on Wednesday as US threat of tariffs on an additional $200 billion of Chinese goods pushed safe-haven flows to the US dollar and dashed hopes that Washington would eventually step back from the escalating row. US President Donald Trump
Published 12 Jul, 2018 12:00am
Afghan deported from Germany commits suicide in Kabul hotel

Afghan deported from Germany commits suicide in Kabul hotel

An Afghan man deported from Germany has been found dead in a hotel room in Kabul after committing suicide, officials said Wednesday. The 23-year-old man, who has not been identified, was forcibly returned to the Afghan capital on July 4 along with 68 othe
Published 12 Jul, 2018 12:00am
One dead, one missing as Spanish fishing boat sinks

One dead, one missing as Spanish fishing boat sinks

One person has died and another is missing after a Spanish fishing vessel sank off Argentina on Wednesday, but 25 crew members have been rescued, the Argentine Navy said. The crew of the Dorneda were found at dawn in two rafts and a small boat, 308 nautic
Published 12 Jul, 2018 12:00am
India SC slams BJP government for ignoring upkeep of Taj Mahal

India SC slams BJP government for ignoring upkeep of Taj Mahal

India's top court on Wednesday slammed the federal government for a second time within weeks for being slow in taking steps to protect the Taj Mahal, the shining white monument to love. The Supreme Court ordered the government to furnish full details of t
Published 12 Jul, 2018 12:00am
Israel Patriot missile intercepts unarmed drone from Syria

Israel Patriot missile intercepts unarmed drone from Syria

Israel fired a Patriot missile on Wednesday to intercept what initial findings showed was an unarmed Syrian drone that may have been on an intelligence mission, the army said. It was not clear if the unmanned aerial vehicle, or UAV, strayed across Syria's
Published 12 Jul, 2018 12:00am
11 killed in attack on Afghan education office

11 killed in attack on Afghan education office

At least 11 people were killed after gunmen stormed an education department compound in eastern Afghanistan Wednesday, officials said, sparking an hours-long battle with security forces in the latest attack in the restive region.
Published 12 Jul, 2018 12:00am
At least 11 dead in Iran bus collision with tanker

At least 11 dead in Iran bus collision with tanker

At least 11 people died Wednesday when a fuel tanker collided with a bus in western Iran, state media reported. The vehicles crashed shortly after midnight (1900 GMT Tuesday) in Sanandaj, the capital of Iran's Kurdistan province, around 400 kilometres (25
Published 12 Jul, 2018 12:00am
Britain to send extra 440 troops to Afghanistan

Britain to send extra 440 troops to Afghanistan

British Prime Minister Theresa May will pledge to send 440 extra troops to Afghanistan during the NATO summit in Brussels on Wednesday as US President Donald Trump urges allies to contribute more. The extra troops will be from the Welsh Guards regiment, w
Published 12 Jul, 2018 12:00am
15 dead in monsoon floods, landslides in India

15 dead in monsoon floods, landslides in India

At least 15 people died in floods and landslides in India on Wednesday, officials said, pushing the death toll from the annual monsoon rains pounding the country closer to 200. Landslides swept at least nine people to their deaths in Manipur in India's re
Published 12 Jul, 2018 12:00am
Turkey jails mine bosses over 2014 disaster that killed 301

Turkey jails mine bosses over 2014 disaster that killed 301

A Turkish court on Wednesday handed jail terms of up to 22 years to five top managers convicted of negligence over Turkey's worst ever mining disaster, which claimed hundreds of lives. The accident in May 2014 killed 301 people when one of the pits of the
Published 12 Jul, 2018 12:00am
Indian police charge ruling party lawmaker with teen rape

Indian police charge ruling party lawmaker with teen rape

Indian federal investigators Wednesday charged a politician from Prime Minister Narendra Modi's party with raping a teenager whose plight was ignored by police until she tried to set herself alight. The Central Bureau of Investigation charged Kuldeep Sing
Published 12 Jul, 2018 12:00am
Trump stuns NATO with demand to double defence spending

Trump stuns NATO with demand to double defence spending

US President Donald Trump shocked allies at a fraught NATO summit on Wednesday by suddenly demanding that members double their defence spending commitments. Trump's surprise demand came after he clashed with Chancellor Angela Merkel, calling Germany a "ca
Published 12 Jul, 2018 12:00am
FBR extends anti-smuggling powers of FC, Rangers
Currency

FBR extends anti-smuggling powers of FC, Rangers

The anti-smuggling powers of Pakistan Rangers and Frontier Corps of Balochistan and Khyber Pakhtunkhwa (North/South), including Federally Administered Tribal Areas (FATA), have been extended up to June 2019, enabling them to physically examine/search pers
Published 12 Jul, 2018 12:00am
LPG policy, rules: Ogra issues strict warnings to violators

LPG policy, rules: Ogra issues strict warnings to violators

Taking serious notice of growing incidents of LPG cylinder blasts in various parts of country, Oil and Gas Regulatory Authority (Ogra) has issued strict warnings to violators. According to Ogra, for safety reasons, installation of LPG cylinder or tank on
Published 12 Jul, 2018 12:00am
NCCPL launches mobile app for capital market investors

NCCPL launches mobile app for capital market investors

With the increasing influence of technological improvements and making business more user-friendly for the consumers, National Clearing Company of Pakistan Limited (NCCPL) has announced the launch of new Mobile Application, exclusively for the capital mar
Published 12 Jul, 2018 12:00am
International cooperation BRI to promote, build a new platform: report

International cooperation BRI to promote, build a new platform: report

The Belt and Road Initiative (BRI) of China would promote and build a new platform for international cooperation and create new drivers of shared development with Pakistan, as China-Pakistan Economic Corridor (CPEC) is one of the examples of BRI.
Published 12 Jul, 2018 12:00am
Hi-Tech Lubricants Limited
Mutual Funds

Hi-Tech Lubricants Limited

Hi-Tech Lubricants Limited (PSX: HTL) has been marketing lubricants in Pakistan for the past two decades. The firm has been involved in the sale of imported lubricants, greases, specialty oils etc manufactured by S.K Lubricants, Korea under the brand name
Published 12 Jul, 2018 12:00am
Hi-Tech Lubricants Limited
Mutual Funds

Hi-Tech Lubricants Limited

Hi-Tech Lubricants Limited (PSX: HTL) has been marketing lubricants in Pakistan for the past two decades. The firm has been involved in the sale of imported lubricants, greases, specialty oils etc manufactured by S.K Lubricants, Korea under the brand name
Published 12 Jul, 2018 12:00am
Balochistan minister calls on Askari

Balochistan minister calls on Askari

Caretaker Balochistan Health Minister Faiz Muhammad Kakar called on Caretaker Punjab Chief Minister Dr Hasan Askari, here on Wednesday and matters of mutual interest including promotion of inter-provincial harmony came under discussion.
Published 12 Jul, 2018 12:00am
FFC wins RCCI's award-2018

FFC wins RCCI's award-2018

Fauji Fertilizer Company Limited (FFCL) has been conferred "Eminence of the Year" Award by Rawalpindi Chamber of Commerce & Industry (RCCI) in recognition of company's contributions in terms investment and payment of taxes among other factors.
Published 12 Jul, 2018 12:00am
Minister praises UVAS labs, clinical facilities

Minister praises UVAS labs, clinical facilities

The Minister for Livestock & Dairy Development Department Punjab Mian Nauman Kabir paid a visit of the University of Veterinary and Animal Sciences (UVAS) Lahore's Ravi Campus Pattoki. Minister visited along with UVAS Vice-Chancellor Meritorious Professor
Published 12 Jul, 2018 12:00am
LCCI, PCBC ink MoU to enhance Pak-Canada trade

LCCI, PCBC ink MoU to enhance Pak-Canada trade

The Lahore Chamber of Commerce and Industry (LCCI) and Pakistan-Canada Business Chamber (PCBC) on Wednesday inked a memorandum of understanding to work jointly for expansion of trade and economic ties between the two countries. According to the Lahore Cha
Published 12 Jul, 2018 12:00am
Shahbaz slams Imran for delaying Lahore Orange Train project

Shahbaz slams Imran for delaying Lahore Orange Train project

Pakistan Muslim League-Nawaz President Shahbaz Sharif on Wednesday said the people of Lahore will take revenge from Imran Khan and his party PTI on July 25, for causing unnecessary delay to Lahore Orange Train Project. Addressing a convention of local bod
Published 12 Jul, 2018 12:00am
PML-N poised to give tough time to rivals

PML-N poised to give tough time to rivals

With focus on the slogan of -Give respect to vote-Give vote to service, the Pakistan Muslim League-Nawaz (PML-N) candidates are running their election campaign for Lahore's 14 national and 30 provincial assemblies seats, amid hopes of giving a tough time
Published 12 Jul, 2018 12:00am
SNGPL staff donate for dams' construction

SNGPL staff donate for dams' construction

Sui Northern Gas Pipelines Limited (SNGPL) announced to contribute funds to the Diamer Bhasha & Mohmand Dam Fund - 2018 for national cause. In this regard, officers of SNGPL will donate their two days salary while subordinate staff will donate one day sal
Published 12 Jul, 2018 12:00am
Nadeem Qureshi made acting chief of LCCI

Nadeem Qureshi made acting chief of LCCI

In the absence of president, senior vice president and vice president of the Lahore Chamber of Commerce and Industry (LCCI) who are abroad on trade visits, the LCCI executive committee member Muhammad Nadeem Qureshi will perform as acting president to loo
Published 12 Jul, 2018 12:00am
FFCEL extends contract with DPS

FFCEL extends contract with DPS

Descon Power Solutions (DPS) successfully completed Operations & Maintenance (O&M) project with FFC Energy Limited (FFCEL). The successful completion of the five year contract led to the O&M contract being extended by three additional years. This was the
Published 12 Jul, 2018 12:00am
CS for protection of archaeological, historical sites

CS for protection of archaeological, historical sites

The Chief Secretary has urged the relevant departments to work hard for ensuring protection of sites of archaeological, historical and cultural importance and seek help of international experts and agencies for this purpose. Chief Secretary Punjab Akbar D
Published 12 Jul, 2018 12:00am
Minister appreciates role of PFA

Minister appreciates role of PFA

Punjab Minister for Food Sardar Tanveer Ilyas Khan and Punjab Food Secretary Shoukat Ali on Wednesday visited the Punjab Food Authority Head office and appreciated the role of PFA for eliminating the menace practice of adulteration. Director General PFA L
Published 12 Jul, 2018 12:00am
Anti-dengue campaign: all private housing societies to be included

Anti-dengue campaign: all private housing societies to be included

Commissioner Lahore Division, Dr Muhammad Mujtaba Paracha has directed to Divisional Anti Dengue Incharge to include all private housing societies in anti dengue campaign and prevention move. He said that private societies must depute their own staff for
Published 12 Jul, 2018 12:00am
APTMA for enabling environment to boost investment in textile

APTMA for enabling environment to boost investment in textile

All Pakistan Textile Mills Association (APTMA) Chairman Aamir Fayyaz has sought enabling environment to boost much-needed investment in textile industry. He urged the Minister for Finance, Revenue and Economic Affairs Dr Shamshad Akhtar to take steps to b
Published 12 Jul, 2018 12:00am
Low to medium flooding expected in River Chenab this week: NDMA

Low to medium flooding expected in River Chenab this week: NDMA

National Disaster Management Authority (NDMA) on Wednesday stated that low to medium flooding is expected in River Chenab along with associated nullahs of Rivers Ravi and Chenab as monsoon is likely to remain active during the week.
Published 12 Jul, 2018 12:00am
CoAS condoles death of Haroon Bilour

CoAS condoles death of Haroon Bilour

Chief of Army Staff (COAS), General Qamar Javed Bajwa on Wednesday expressed condolence over the death of Awami National Party (ANP) leader, Haroon Bilour and other victims of Peshawar blast. According to a tweet by DG ISPR, Qamar Bajwa shared the grief o
Published 12 Jul, 2018 12:00am
PTI announces one-day mourning

PTI announces one-day mourning

Pakistan Tehreek-i-Insaf (PTI) has announced one-day mourning in Khyber Pakhtunkhwa following the Peshawar blast that martyred at least 20 people including Haroon Bilour, an Awami National Party (ANP) leader. PTI spokesperson Fawad Chaudhry termed the att
Published 12 Jul, 2018 12:00am
ANP announces three-day mourning

ANP announces three-day mourning

ANP president Asfandyar Wali Khan has announced three-day mourning against the assassination of Haroon Bilour in suicide attack on a rally in connection with election campaign at Yakatooth area of Peshawar Tuesday night. Talking to the media here at Bilou
Published 12 Jul, 2018 12:00am
Population dynamics pose challenge to national development: experts

Population dynamics pose challenge to national development: experts

The rising population numbers are likely to outstrip developmental gains, besides adversely affecting the economy, environment, health, education and quality of life of all citizens, said experts on Wednesday. Pakistan is the sixth most populous country i
Published 12 Jul, 2018 12:00am
ECP postpones election in PK-78

ECP postpones election in PK-78

The Election Commission of Pakistan (ECP) on Wednesday postponed polls in PK-78 (Peshawar-XIII) constituency after the death of Awami National Party leader Haroon Bilour in a suicide blast. Bilour and 19 others were killed in the blast in Peshawar on Tues
Published 12 Jul, 2018 12:00am
Mass Circular Project: MoR gives technical advice to TMTD

Mass Circular Project: MoR gives technical advice to TMTD

A Joint Core Committee (JCC) on Great Peshawar Region Mass Circular Project took place between Ministry of Railways (MoR) and Transport and Mass Transit Department (TMTD), Government of Khyber Pakhtunkhwa (GoK) on Wednesday.
Published 12 Jul, 2018 12:00am
KPT employees announce donation for dams

KPT employees announce donation for dams

As a demonstration of strong support to raise major water reservoirs, the Chairman KPT Rear Admiral Jamil Akhter responding to the positive gesture of Chief Justice of Supreme Court, Justice Saqib Nisar, has announced that officers and employees of Karach
Published 12 Jul, 2018 12:00am
Auto sales post: 20 percent growth YoY

Auto sales post: 20 percent growth YoY

Pakistan auto sales including Light Commercial Vehicles (LCVs) vans and jeeps have witnessed 20 percent growth YoY, following supportive macroeconomic environment and upcoming general elections 2018. According to the auto data released by Pakistan Automot
Published 12 Jul, 2018 12:00am
Missing persons case: SHC annoyed over transfer of IOs

Missing persons case: SHC annoyed over transfer of IOs

A divisional bench of Sindh High Court (SHC) on Wednesday expressed displeasure over transfer of investigation officers in missing persons case and sought the progress report from law enforcing agencies by August 16. The divisional bench headed by Justice
Published 12 Jul, 2018 12:00am
Facebook collaborates with ECP to prevent abuse

Facebook collaborates with ECP to prevent abuse

Ahead of Pakistan's elections, Facebook has ramped up its efforts to ensure they doing everything they can to prevent abuse, working in collaboration with the Election Commission of Pakistan to better understand and address the specific challenges faced h
Published 12 Jul, 2018 12:00am
Boy dies in IHK explosion

Boy dies in IHK explosion

A young boy was killed and four others wounded Wednesday in Indian-held Kashmir when an "unknown object" they were playing with exploded, police said. The children were playing in Shopian, a volatile district where Indian soldiers martyred two suspected f
Published 12 Jul, 2018 12:00am
NAB recovers assets worth Rs 1.3 billion from Mushtaq Raisani

NAB recovers assets worth Rs 1.3 billion from Mushtaq Raisani

The National Accountability Bureau (NAB) on Wednesday recovered assets worth Rs1.3 billion from former Balochistan finance secretary Mushtaq Raisani, sources said. In May 2016, NAB officials raided Raisani's office and formally placed him under arrest. Th
Published 12 Jul, 2018 12:00am
Minister offers condolence with family of late Bashir Bilour

Minister offers condolence with family of late Bashir Bilour

Caretaker Minister for Information Jameel Yusuf while condemning the Peshawar bomb blast incident has expressed his profound grief over the incident and sympathized with the family of late Bashir Bilour, ANP leader in which Haroon Bilour, his son has also
Published 12 Jul, 2018 12:00am
Physical remand of Lawai, Taha Raza extended

Physical remand of Lawai, Taha Raza extended

A local court of Karachi extended the remand of Hussain Lawai and Taha Raza on the request of FIA prosecutor today till July 14. Accused arrested in money laundering case, Hussain Lawai and Taha Raza were presented in the court on Wednesday, Hyder Imam Ri
Published 12 Jul, 2018 12:00am
Met office warns of urban flooding in some parts

Met office warns of urban flooding in some parts

The Met Office has forecast a 'good' rainfall for the northern half of the country with a warning of urban floods in some parts but Sindh and Balochistan are likely to receive below normal rains in July. In the weather outlook for July 2018, it said that
Published 12 Jul, 2018 12:00am
Fund for two dams: NBP employees donate one-day salary

Fund for two dams: NBP employees donate one-day salary

The employees of National Bank of Pakistan on the persuasion of Saeed Ahmad, President, National Bank of Pakistan have decided voluntarily to contribute one day salary for the construction of 'Diamer Bhasha and Mohmand Dam Fund 2018.' This nationally impo
Published 12 Jul, 2018 12:00am
Peshawar blast: SBC to observe mourning today

Peshawar blast: SBC to observe mourning today

Sindh Bar Council (SBC) announced on Wednesday that it would observe one-day mourning today (Thursday) over Peshawar suicide attack, claiming around 20 human lives including Barrister Haroon Bilour, Awami National Party (ANP) candidate for provincial asse
Published 12 Jul, 2018 12:00am
IoBM study finds Pak-Qatar Takaful as top of mind brand in Pakistan

IoBM study finds Pak-Qatar Takaful as top of mind brand in Pakistan

Institute of Business Management (IoBM) University (formerly known as CBM) as part of Capstone Marketing Research program conducted a comprehensive perception mapping study of Pak-Qatar Takaful Group existing and potential corporate sector customers (Taka
Published 12 Jul, 2018 12:00am
IoBM study finds Pak-Qatar Takaful as top of mind brand in Pakistan

IoBM study finds Pak-Qatar Takaful as top of mind brand in Pakistan

Institute of Business Management (IoBM) University (formerly known as CBM) as part of Capstone Marketing Research program conducted a comprehensive perception mapping study of Pak-Qatar Takaful Group existing and potential corporate sector customers (Taka
Published 12 Jul, 2018 12:00am
Minister for issuing smart card to each registered worker

Minister for issuing smart card to each registered worker

Caretaker Minister for Labour & Human Resources, Simon John Daniel has said that a smart card on the pattern of CNIC should be issued to each registered worker which would be valid for availing labour department, Sindh Employees Social Security Institutio
Published 12 Jul, 2018 12:00am
Saad's appeal: SC to announce verdict today

Saad's appeal: SC to announce verdict today

The Supreme Court of Pakistan will announce its verdict today on appeal of former railway minister Khwaja Saad Rafiq against decision of an election tribunal which ordered fresh election in his constituency NA-125.
Published 12 Jul, 2018 12:00am
HEC committed to capacity building of varsities: Chairperson

HEC committed to capacity building of varsities: Chairperson

"The Higher Education Commission (HEC) is committed to capacity building of universities and building centres of excellence in all fields of national importance." This was stated by Dr Tariq Banuri, Chairperson, HEC here at a consultative meeting of HEC a
Published 12 Jul, 2018 12:00am