Five-time gold medallist Leander Paes has pulled out of the Asian Games in a row over his doubles partner, dealing a heavy blow to India's tennis hopes. Paes, who has 18 Grand Slam doubles titles and eight Asian Games medals in all, had been paired with S

Chief Coordinator Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Ijaz A Khokhar on Friday said business community was making hectic efforts to enhance export volume despite certain serious constrains. The exporters and manufa

The Punjab Provincial Development Working Party (PPDWP) has approved Rs 5 billion for completion of drinking water reservoir for Rawalpindi city based on Chahan Dam, particularly to new areas added to WASA's jurisdiction as part of development scheme of u

Suppliers and Vendors Defence Exhibition (SAVDEX-2018) on its second day on Friday remained great attraction for local and foreign visitors. Various public and private defence manufacturers displayed their state-of-the-art product/equipment at over 250 st

A meeting of the Board of Directors of The Bank of Punjab was held on August 17, 2018 to consider and approve un-audited Financial Statements of the Bank for the half year ended June 30, 2018.

A meeting of the Board of Directors of The Bank of Punjab was held on August 17, 2018 to consider and approve un-audited Financial Statements of the Bank for the half year ended June 30, 2018.

Terming the change in Pakistan's political scenario as a special moment, former Indian cricketer-turned-politician Navjot Singh Sidhu said that he had come to Pakistan with a message of love, adding that he considered these moments very special as a chang

A fire broke out at Registrar office of the Punjab Cooperative Societies located at The Road on Friday morning. The blaze which erupted on sixth floor of the building was extinguished after two hours of rescue operation. According to rescuers, over a doze

A meeting of textile mills that use polyester fibre as basic raw material was held in All Pakistan Textile Mills Association (APTMA) on Friday to consider the market situation. Great dismay was shown over the unsustainable hike in prices of polyester stap

President Pakistan Muslim League-Q and former Prime Minister Ch Shujat Hussain and the newly elected speaker Punjab Assembly Ch Parvez Elahi have lauded performance of the care-taker Punjab government on successfully holding of impartial elections in the

In a bid to formulate the Punjab's first antibiotics policy, that would propose guidelines to tackle the misuse of antibiotics, the University of Health Sciences (UHS) has formed a working group of experts.

Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan) and the Employers' Federation of Pakistan (EFP) have joined hands to collaborate with each other and to promote industry-academia linkages to prepare management accounting profession

As Pakistan celebrates its 71 years of independence, BankIslami Pakistan Ltd, one of the leaders of Islamic Banking in Pakistan, has given a meaningful spin to the Independence Day celebrations through its 'Plantation for the Nation' campaign where bank's

Under its Plant for Pakistan initiative which emphasizes environmental sustainability through tree plantation, K-Electric organized a tree plantation drive at St. Patrick's Cathedral, with the newly-appointed Cardinal, His Eminence Joseph Coutts, in atten

Pakistan's largest microfinance bank, Khushhali Microfinance Bank (KMBL) celebrated its 18th anniversary on August 11, 2018. Inaugurated in 2000, Khushhali Microfinance Bank operates through a network of 158 branches and 28 service centres across Pakistan

The children of Prime Minister-elect Imran Khan will not be attending the oath taking ceremony of their father, which is set to take place today (Saturday) at the President House.

Pakistan Muslim League -Q (PML) President and former Prime Minister Ch Shujaat Hussain and Speaker Punjab Assembly Ch Parvez Elahi have heartily felicitated Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan on being elected as the Prime Minister of Pakis

EMI Pakistan has released KAYA the band's latest music video called Tera Des. Tera Des was released as Pakistan geared up to celebrate its 71st Independence Day. The song focuses on Pakistani's who are away from home.

Chief of Army Staff General Qamar Javed Bajwa (CoAS) hosted a banquet dinner in the honour of leading Christian clergy in Pakistan. The dinner was attended, among others, by Cardinal Joseph Coutts and Right Reverend Humphrey Sarfraz Peter, according to me

A sub-committee of Senate House Committee on Friday directed an inquiry into the allegations of alcohol drinking and other immoral activities in Parliament Lodges. The sub-committee of the Senate House Committee met with its Convener Senator Kalsoom Perve

The Board of Directors of Bank AL Habib Limited (the Bank) announced the financial results of the Bank for the half year ended 30 June, 2018. As per the results, the Bank declared pre-tax profit of Rs 7.08 billion for the half year ended 30 June, 2018 as

The Board of Directors of Bank AL Habib Limited (the Bank) announced the financial results of the Bank for the half year ended 30 June, 2018. As per the results, the Bank declared pre-tax profit of Rs 7.08 billion for the half year ended 30 June, 2018 as

"The economic growth of the country is dependent on the inflows of foreign capital from international corporate sector and the SECP is keen to accommodate international companies through liberalization of stringent restrictions. In the past as well, the S

Khaadi has announced to Khaadi to donate 50 percent of Independence Day 14th August's sales to dams. The announcement was made at the company's 14th August celebration "As long as Khaadi exists, 14th August sales will go back to Pakistan" "said Khaadi's f

Jaffer Business Systems (JBS) has started the drive to make Pakistan Green. On the occasion of our 71st Independence Day, as part of its CSR, JBS has gifted thousands of marigold flower seeds to its customers along with a greeting card to spread greenery

State Counsellor and Foreign Minister Wang Yi has assured that China will work with Prime Minister Imran Khan with same spirit and zeal, taking all-round their strategic partnership to a new height. He held out this assurance while talking with the Pakist

MIGA, a member of the World Bank Group, has issued guarantees worth US $66 million in support of the design, construction and operation of the Hyundai-Nishat Motor vehicle assembly plant in M3 Industrial City, Faisalabad. The guarantees cover investments

The Lahore Electric Supply Company (LESCO) has announced zero loadshedding during the Eid holidays. The Company spokesman said the Company would not observe loadshedding from 21st of August to 23rd of August. Further, he said special teams have been const

Bangladesh leads both India and Pakistan in terms of tax receipts as well development spending, said tax experts. An interesting study on regional comparative national budget suggests that Bangladesh received 64.1 percent in the shape of tax receipts agai

The interim chief minister Punjab Dr Hasan Askari on Friday said that necessary steps have been taken by the caretaker setup for improving the healthcare sector and to provide best medical facilities to the people.

The need for an autonomous and independent Pakistan Bureau of Statistics (PBS) has been emphasized to ensure credible economic data for future planning and policymaking of the country. This was underlined during a meeting of Senate Committee on Statistics

Small and Medium Enterprises Development Authority (SMEDA) has established Regional Business Coordination (RBC) Office at Sarhad Chamber of Commerce and Industry (SCCI) to facilitate visiting SMEs to the trade body. The office was inaugurated by Chief Exe

Prominent jurists, thinkers, journalists, analysts and academics have stressed the need for unity and harmony among various sections of society to meet the challenges external and internal debt, law and order, increasing poverty, growing population and un

Gold recovered some ground on Friday as a weakening US dollar relieved pressure on prices, but the precious metal remained near 19-month lows and looked poised for its biggest weekly drop since May 2017.

US wheat futures jumped to their highest prices in more than a week on Friday, supported by concerns that Russia may consider curbs on grain exports, traders said. Talk of potential limits on shipments from Russia, the world's top wheat exporter, fuelled

Gold recovered some ground on Friday as a weakening US dollar relieved pressure on prices, but the metal remained near 19-month lows and looked set for its biggest weekly fall since May 2017. Gold has tumbled 14 percent from its April high as a rally in t

Gold eked out small gains in Asian trade on Friday after declining to a 19-month low in the previous session, but the metal remained on track for its biggest weekly decline since mid-2017. Spot gold was up 0.1 percent at $1,175.22 an ounce, as of 0637 GMT

Spot gold prices bounced from 19-month lows on Thursday, as the US dollar slipped on news that China and the United States will hold trade talks this month, although sentiment remained negative. Gold futures settled slightly down as the US dollar came off

Arabica coffee and raw sugar on ICE Futures US both hit their lowest levels since 2008 on Friday, under pressure as the Brazilian real resumed its retreat against the US dollar and hefty supplies weighed. Cocoa also fell. ICE second-month arabica coffee s

Malaysian palm oil futures rose by more than 1 percent on Friday, tracking strength in related edible oils on the US Chicago Board of Trade and China's Dalian Commodity Exchange. The benchmark palm oil contract for November delivery on the Bursa Malaysia

The following were Friday's Rotterdam vegetable oil prices at 1600 GMT:

The following were Friday's Rotterdam vegetable oil prices at 1600 GMT:

Benchmark Tokyo rubber futures ended flat in thin trade on Friday, posting a weekly loss and settling near a 22-month low hit in the previous session, amid lingering worries over the Sino-US trade spat and bearish sentiment in commodities. The Tokyo Commo

Crude prices rose on Friday, but declined on the week on worries that oversupply would weigh on the US market while trade disputes and slowing global economic growth would dampen demand for oil. US crude declined for the seventh consecutive week, and glob

Copper inched lower on Friday, posting its largest weekly fall since early July as strikes, including at the world's largest mine, seemed mostly resolved but a weaker dollar provided some support. Benchmark copper ended 0.2 percent lower at $5,927 per ton

The Shanghai Futures Exchange added 0.3 percent to 47,850 yuan ($6,950.70) a tonne on Friday as concerns eased about supply disruptions. Deliverable zinc inventories in warehouses monitored by the Shanghai Futures Exchange (ShFE) fell 29.1 percent from th

French President Emmanuel Macron and German Chancellor Angela Merkel voiced concern Friday about the humanitarian situation in the rebel-held Syrian region of Idlib, which is shaping up be the country's next big battleground. In a telephone call the two l

Air strikes on a holdout of the Islamic State group in Syria near the Iraqi border have killed 18 jihadists, including a senior Iraqi commander, a monitor said Friday. Those killed late Thursday in the village of Sousa in the eastern province of Deir Ezzo

The United States said Friday it is suspending $230 million budgeted for stabilisation projects in Syria, citing the aid pledged by other partners in the coalition fighting the Islamic State group. Secretary of State Mike Pompeo has "redirected" the funds

The United Nations has invited Yemen's government and Iran-backed Huthi rebels to Geneva next month for talks on resolving the country's civil war, a spokeswoman said Friday. "I can confirm that the Office of the Special Envoy sent out invitations to the

North Korean leader Kim Jong Un attacked "hostile forces" over "brigandish" sanctions, state media reported on Friday, as Washington seeks to maintain pressure on Pyongyang over its nuclear programme. Kim and US President Donald Trump held a groundbreakin

Nepal introduced a new criminal code on Friday that makes sharing confidential information a jailable offence, sparking concerns among journalists that the laws could be used to muzzle the press. Media have warned that the Communist-led government, which

A Chinese passenger jet slid off the runway as it landed at Manila airport in torrential rain forcing dozens of flight cancellations on Friday, as engineers struggled to remove the stricken aircraft. The Xiamen Airlines plane, carrying 157 passengers and

Serbian authorities on Friday ordered the closure of a controversial "patriotic youth camp", where teens were handling fake weapons and dressing in army uniforms as part of military-style training.

Saudi Arabia on Friday pledged $100 million to reconstruct areas of northeastern Syria formerly held by the Islamic State group, in a move sharply criticised by President Bashar al-Assad's regime. The kingdom said the 88-million-euro contribution would go

A bomb scare that forced a German passenger jet carrying 250 people to make an emergency landing on the Greek island of Crete was false, local police said Friday. The plane took off from the Egyptian Red Sea resort of Hurghada on Thursday and was en route

The US government on Friday hit four Myanmar military commanders and two military units with punitive sanctions, accusing them of "serious human rights abuses" and "ethnic cleansing" in violently expelling minority Rohingya from their homes. Military and

New York University said Thursday it would offer all its current and future medical school students free tuition in an effort to tackle soaring debt levels and encourage more applicants. The move - which it said was financed by the generosity of the unive

The Swiss city of Lausanne has blocked a Muslim couple's bid to become Swiss nationals over their refusal to shake hands with members of the opposite sex. The municipality said it refused to grant the couple's citizenship application over their lack of re

The British pound inched higher on Friday as the dollar fell across the board, and some traders saw a buying opportunity after data this week pointed to the UK economy holding up relatively well. Worries about whether Britain can agree a trade deal with t

The Australian and New Zealand dollars held above recent lows on Friday as China sought to stabilise its yuan and strains in emerging markets eased for a moment, though risks still looked to be loaded to the downside. The Aussie dollar edged up to $0.7270

Most Asian currencies firmed on Friday as the Turkish lira recovered and investors scanned the horizon for cues from Sino-US negotiations. News of proposed negotiations between Beijing and Washington lifted spirits in what has been a grim week for regiona

The Sri Lankan rupee closed weaker and near its all-time low on Friday due to importer dollar demand and foreign outflows from equities and government securities, dealers said. Absence of dollar conversions by exporters and remittances also pushed the rup

The US dollar slipped below a 13-1/2 month peak on Thursday, while the Chinese yuan recovered from its weakest level since January 2017 on news China and the United States will hold a new round of trade talks later this month. The development between the

The dollar fell against a basket of peers on Friday, amid lower demand for the safe-haven greenback, as traders hoped next week's trade talks between the United States and China would ease tensions between the two countries. Easing worries over the fallou

The euro rose for a second day in a row on Friday as hopes that next week's talks between the United States and China will ease trade tensions between the two limited dollar demand, although a fresh dive in the Turkish lira kept investors edgy.

The dollar stepped back from 13-1/2-month highs against other major currencies on Friday as talks next week between China and the United States offered some hope that the world's two largest economies will find a way to head off a full-blown trade war. Th

The eurozone's surplus for goods traded with the rest of the world fell by less than forecast in June, European statistics office Eurostat said on Thursday, suggesting the bloc may be weathering international trade frictions better than expected.

The Philippine central bank does not expect inflation to reach 6 or even 7 percent, and is optimistic that it will ease after peaking either in August or September, its governor said on Friday. The central bank has raised rates by 100 basis points since M

Canada's annual inflation rate surged to 3.0 percent in July, its highest level in nearly seven years, raising expectations that the Bank of Canada might raise interest rates again as soon as next month and pushing the Canadian dollar higher.

Export-reliant Taiwan raised its 2018 economic growth forecast on Friday for the third time this year, despite worries about global trade frictions and softening demand for its hi-tech gadgets. The statistics agency raised its full-year outlook to 2.69 pe

A majority of Britons do not trust banks and think they did not face severe enough penalties for their part in the 2008 financial crisis, a survey showed on Thursday. Next month will mark the tenth anniversary of the collapse of investment bank Lehman Bro

Australia's dominant telecommunications company Telstra Thursday warned of "enormous challenges" ahead as it posted an 8.9 percent slump in annual profit. Its net result in the year to June 30 fell to Aus$3.52 billion (US$2.54 billion), while revenue was

Australia's dominant telecommunications company Telstra Thursday warned of "enormous challenges" ahead as it posted an 8.9 percent slump in annual profit. Its net result in the year to June 30 fell to Aus$3.52 billion (US$2.54 billion), while revenue was

Business confidence among Japanese manufacturers was at its highest in seven months in August thanks to a firm global economy, a Reuters poll showed on Friday, but the service sector's mood hit its lowest since 2016, casting doubt on the robustness of dom

England have recalled Ben Stokes to their starting XI for the third Test against India at Trent Bridge just 72 hours after he was cleared in a trial for affray, captain Joe Root announced Friday.

India captain Virat Kohli said "the only option is to win this game" as he urged his side to make a virtue of their dire position heading into the third Test against England. The tourists will start Saturday's fixture at Nottingham's Trent Bridge 2-0 down

Game Development Officer of Pakistan Squash Federation Flt Lieutenant Aamir Iqbal on Friday said that 11 members Pakistan squash team left for the forthcoming 18th Asian Games to be commencing from August 18 to September 2, 2018 at Jakarta, Indonesia.

Conversion for foreign currency deposits, DBC/FCBC, special USD bond & profits thereon (excluding FE-25 deposits) on Friday (August 17, 2018).

Life; a bitter reality and an even bitter lie! Each one of us goes through the exact same phase. You may be a one in 4 trillion chances of life but you are exactly like those trillions. We are making a fool of ourselves daily. Some wear a mask of richness

From hand-held copters that zoom around the living room to high-speed craft offering the sensation of flying over the countryside, drones have won over legions of fans - and are proving a growing challenge for security authorities. Experts say models read

Burned-out doctors are more likely to make major medical errors, regardless of workplace safety measures, new research shows. "Just trying to fix the setting of health care environments in order to prevent errors is not sufficient. We also need to address

Imbued with design and culture the two person show at Canvas Gallery, Karachi attracted the art lover's attention. The artworks were visually appealing and symbolically derived from different aspects of life. Both the artists Affan Baghpati and Raheela Ab

All the artworks were ambiguous and open-ended in a group exhibition titled "Ever Let the Fancy Roam", at Chawkandi Art Gallery, Karachi. While going through the paintings one feel that each work has its own narrative and it was on the viewer's judgement

Open air rock paintings in the world's driest desert pay testament to the importance of the llama to millennia-old cultures that traversed the inhospitable terrain. Conservationists working in Chile's Atacama Desert want UNESCO to recognize the Taira Vall

Eid feast is incomplete without minced meat. Meat in mince form can be used to make variety of dishes. On the occasion of Eid, women prepare several dishes with mined meat or qeema and treat their family members, relatives, and friends. According to a res

Italian mosaics, once all the rage in France, fell into neglect and ruin by the 1970s, when homeowners began covering them up with parquet floors or even linoleum.

Whether by brazenly injecting sex in the public sphere, adopting gay subculture for mainstream audiences or becoming the top-selling female musician of all time, Madonna has asserted an incalculable influence. The pop superstar turned 60 on August 16 and

A glance through the summer movie schedules reveals one rather depressing common denominator: every single big budget release is a sequel apart from one. Dwayne Johnson cuts a solitary figure in that all-important late May to early August period when movi

Glenn Close may be known for playing strong, often ruthless women, but like her long subdued character in "The Wife" she says she's only just starting to feel comfortable in her own skin. Close plays Joan, the self-effacing spouse of a successful novelist

Bridge has its own techniques to handle certain situations where a judgment is called for. Of all the several techniques ranging from the sophisticated trump coup to the several end play situations, counting technique is perhaps the earliest and yet often

British actor Idris Elba fuelled speculation on Sunday that he may be named the first black James Bond, with a cryptic tweet. "My name's Elba, Idris Elba," he tweeted, echoing the super spy's famous catchline, "The name is Bond, James Bond."

All timings are in PST (Pakistan Standard Time).

The following were the fluctuations observed during the day:

The following were the fluctuations observed during the day:

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (August 17, 2018).

London Interbank Offered Rates (LIBOR) on Friday (August 17, 2018).

Jubilee Life Insurance Managed Growth Fund Rates on Friday (August 17, 2018).