05242016Tue
Last update: Tue, 24 May 2016 01pm

Top News

Top News - World Top News

Zarb-e-Azb produced positive results; normalcy returning to FATA agencies: President ISLAMABAD: President Mamnoon Hussain Monday said that operation Zarb-e-Azb had produced positive results and situation was returning to normalcy in seven agencies of Federally Administered Tribal Areas (FATA).Talking to a delegation of tribal elders from FATA that called on him at the Aiwan-e-Sadr, here, the President said the government had allocated a large sum for resettlement of displaced persons.Senator Mushahid Ullah Khan and tribal elders from seven agencies were present on the occasion.He said that the return of displaced persons to their homes of three agencies of tribal areas had been completed while the return of the people of other three agencies would be completed soon.President Mamnoon lauded the immense sacrifices of the people of FATA and said that reforms committee of the government was working on priority basis for the betterment of FATA."The situation of FATA will improve further after introducing reforms there" the President remarked.He emphasized that no ...

Top News - Pakistan Top News

Afghan Taliban meet on succession as Obama confirms leader's death KABUL/HANOI: Senior Afghan Taliban figures were meeting on Monday to agree on a successor to Mullah Akhtar Mansour, the leader of the militant movement who U.S. President Barack Obama confirmed had been killed in an American air strike at the weekend.The Taliban have so far made no official statement on the fate of Mansour, who assumed the leadership only last year.But senior members have confirmed that their main shura, or leadership council, has been meeting ...

Top News - Front Top News

Pakistan to start ‘soft-marketing’ state airline stake sale in June LONDON: Pakistan will next month begin the marketing process for selling a 49 percent stake in Pakistan International Airlines, and also plans to list shares in several power utility firms this year, privatisation minister Mohammad Zubair said on Monday."We are going to start the soft marketing in June," he told Reuters in an interview on the sidelines of an investment conference organised by Renaissance Capital."We have to understand the market, and what the market is ...

Top News - World Top News

Pakistan to sell 40pc of stock exchange end-2016/early-2017 LONDON: Pakistan plans to sell a 40 percent stake in its stock exchange in coming months, and Turkey's Borsa Istanbul has expressed some initial intent, the head of the bourse said on Monday.The sale will happen at the end of this year or in early-2017, Pakistan Stock Exchange Managing Director Nadeem Naqvi told an investment conference organised by Renaissance Capital in London.Naqvi said the bourse would launch an official process over the next two weeks ...

Top News - Pakistan Top News

RECORDER REPORT-PSX close of day KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Monday having 36721.25 points with a positive change of 27.75 and volume of 168,732,320 shares.High and Low were 36752.62 and 36433.48 respectively. Total volume traded in the market was 265,548,070 shares with 349 total traded companies out of which 180 were up 150 were down and 19 were unchanged. POWER GENERATION & DISTRIBUTION was the top traded sector with total traded volume of 59,302,000 shares. ...