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Archive - 2017-03-25
SBP keeps policy rate steady at 5.75pc
Pakistan Top News

SBP keeps policy rate steady at 5.75pc

  KARACHI: State Bank of Pakistan maintained its main policy interest rate at 5.75 percent on Saturday, the bank s
Published 25 Mar, 2017 10:45am
Emperor Penguins by Paul Nicklen
Featured Photos

Emperor Penguins by Paul Nicklen

Emperor Penguins Nature, first prize stories November 14, 2011 Ross Sea, Antarctica  Emperor penguins
Published 25 Mar, 2017 10:00am
Ebola in Sierra Leone by Pete Muller
Featured Photos

Ebola in Sierra Leone by Pete Muller

Ebola in Sierra Leone General News, first prize stories August 19, 2014 Residents of the town of Kailahun
Published 25 Mar, 2017 09:08am
Kitchen Table by Sergei Ilnitsky
Featured Photos

Kitchen Table by Sergei Ilnitsky

Kitchen Table General News, first prize singles August 26, 2014 A kitchen table in Donetsk, on 26 August,
Updated 25 Mar, 2017 08:19am
Rescue Operation by Massimo Sestini
Featured Photos

Rescue Operation by Massimo Sestini

Rescue Operation General News, second prize singles June 7, 2014 Refugees crowd on board a boat some 25 ki
Updated 25 Mar, 2017 08:17am
Side Effects by Kacper Kowalski
Featured Photos

Side Effects by Kacper Kowalski

Side Effects Long-Term Projects, second prize stories January 27, 2010 54°15’24.24”N 18°56’47.80â€
Published 25 Mar, 2017 08:10am
Centre, KP take up new: CPEC projects, PSDP

Centre, KP take up new: CPEC projects, PSDP

The federal and Khyber Pakhtunkhwa governments have discussed new projects the provincial government intends to make part of the China-Pakistan Economic Corridor (CPEC) as well as PSDP allocations in the next fiscal year for the ongoing projects in the pr
Published 25 Mar, 2017 12:00am
FO confirms participation in Afghan moot in Moscow

FO confirms participation in Afghan moot in Moscow

Foreign Office on Friday confirmed Pakistan's participation in 12 countries' conference on Afghanistan scheduled for April 14, 2017 in Moscow which is likely to be attended by representatives of the Afghan Taliban. In his weekly media briefing, Foreign Of
Published 25 Mar, 2017 12:00am
FO confirms participation in Afghan moot in Moscow

FO confirms participation in Afghan moot in Moscow

Foreign Office on Friday confirmed Pakistan's participation in 12 countries' conference on Afghanistan scheduled for April 14, 2017 in Moscow which is likely to be attended by representatives of the Afghan Taliban. In his weekly media briefing, Foreign Of
Published 25 Mar, 2017 12:00am
Irsa increases water releases for Sindh, Punjab

Irsa increases water releases for Sindh, Punjab

Indus River System Authority (Irsa) has increased water releases for Sindh and Punjab by 77 percent and 26.6 percent respectively from Saturday (today) due to better inflows in reservoirs, citing increase in temperature and recent rains in catchment areas
Published 25 Mar, 2017 12:00am
Irsa increases water releases for Sindh, Punjab

Irsa increases water releases for Sindh, Punjab

Indus River System Authority (Irsa) has increased water releases for Sindh and Punjab by 77 percent and 26.6 percent respectively from Saturday (today) due to better inflows in reservoirs, citing increase in temperature and recent rains in catchment areas
Published 25 Mar, 2017 12:00am
Irsa increases water releases for Sindh, Punjab

Irsa increases water releases for Sindh, Punjab

Indus River System Authority (Irsa) has increased water releases for Sindh and Punjab by 77 percent and 26.6 percent respectively from Saturday (today) due to better inflows in reservoirs, citing increase in temperature and recent rains in catchment areas
Published 25 Mar, 2017 12:00am
'New war' could break out in the Balkans: Juncker

'New war' could break out in the Balkans: Juncker

European Commission President Jean-Claude Juncker has asked Donald Trump's administration not to encourage other EU-member countries to leave the bloc or "a new war" may break out in the Balkans. In an interview published Friday in the Financial Times, Ju
Published 25 Mar, 2017 12:00am
'New war' could break out in the Balkans: Juncker

'New war' could break out in the Balkans: Juncker

European Commission President Jean-Claude Juncker has asked Donald Trump's administration not to encourage other EU-member countries to leave the bloc or "a new war" may break out in the Balkans. In an interview published Friday in the Financial Times, Ju
Published 25 Mar, 2017 12:00am
Equities extend losses

Equities extend losses

Pakistan Stock Exchange opened on a positive note and the benchmark KSE-100 index hit 49,138.40 points intra-day high. However, the market witnessed selling pressure in the second session that pushed the index into the negative zone to hit 48,928.44 point
Published 25 Mar, 2017 12:00am
Equities extend losses

Equities extend losses

Pakistan Stock Exchange opened on a positive note and the benchmark KSE-100 index hit 49,138.40 points intra-day high. However, the market witnessed selling pressure in the second session that pushed the index into the negative zone to hit 48,928.44 point
Published 25 Mar, 2017 12:00am
Equities extend losses

Equities extend losses

Pakistan Stock Exchange opened on a positive note and the benchmark KSE-100 index hit 49,138.40 points intra-day high. However, the market witnessed selling pressure in the second session that pushed the index into the negative zone to hit 48,928.44 point
Published 25 Mar, 2017 12:00am
BRIndex30 up 363.23 points

BRIndex30 up 363.23 points

On Friday, BRIndex30 opened at 26,839.68 points and remained positive throughout the trading session. It touched an intraday high of 27,328.93 points and an intraday low of 26,839.68 points and closed at 27,202.91 points which was 363.23 points or 1.35 pe
Published 25 Mar, 2017 12:00am
BRIndex30 up 363.23 points

BRIndex30 up 363.23 points

On Friday, BRIndex30 opened at 26,839.68 points and remained positive throughout the trading session. It touched an intraday high of 27,328.93 points and an intraday low of 26,839.68 points and closed at 27,202.91 points which was 363.23 points or 1.35 pe
Published 25 Mar, 2017 12:00am
PPP defends letter to FO on visas for Americans

PPP defends letter to FO on visas for Americans

Spokesperson Pakistan Peoples Party Senator Farhatullah Babar has said that there was nothing new or wrong in the 2010 letter of PM House to the Foreign Office reported in the media on Friday. However its regurgitation at this time is politically motivate
Published 25 Mar, 2017 12:00am
PPP defends letter to FO on visas for Americans

PPP defends letter to FO on visas for Americans

Spokesperson Pakistan Peoples Party Senator Farhatullah Babar has said that there was nothing new or wrong in the 2010 letter of PM House to the Foreign Office reported in the media on Friday. However its regurgitation at this time is politically motivate
Published 25 Mar, 2017 12:00am
'This was to speed up process': Gilani

'This was to speed up process': Gilani

Former prime minister Yousaf Raza Gilani on Friday said his government followed rules and procedures in visa issuance. Addressing a press conference in Multan, he said that the letter directs the ambassador to ensure timely visas not bypass visa condition
Published 25 Mar, 2017 12:00am
'This was to speed up process': Gilani

'This was to speed up process': Gilani

Former prime minister Yousaf Raza Gilani on Friday said his government followed rules and procedures in visa issuance. Addressing a press conference in Multan, he said that the letter directs the ambassador to ensure timely visas not bypass visa condition
Published 25 Mar, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 25 Mar, 2017 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 25 Mar, 2017 12:00am
Imran says PTI to move court against LNG deal

Imran says PTI to move court against LNG deal

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Friday announced that he would file a case against ruling government over giving the contract of Port Qasim to Qatari "business partner" for Rs 200 billion. Imran Khan was talking to media at Lahore Ai
Published 25 Mar, 2017 12:00am
Imran says PTI to move court against LNG deal

Imran says PTI to move court against LNG deal

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Friday announced that he would file a case against ruling government over giving the contract of Port Qasim to Qatari "business partner" for Rs 200 billion. Imran Khan was talking to media at Lahore Ai
Published 25 Mar, 2017 12:00am
Imran says PTI to move court against LNG deal

Imran says PTI to move court against LNG deal

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Friday announced that he would file a case against ruling government over giving the contract of Port Qasim to Qatari "business partner" for Rs 200 billion. Imran Khan was talking to media at Lahore Ai
Published 25 Mar, 2017 12:00am
Imran says PTI to move court against LNG deal

Imran says PTI to move court against LNG deal

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Friday announced that he would file a case against ruling government over giving the contract of Port Qasim to Qatari "business partner" for Rs 200 billion. Imran Khan was talking to media at Lahore Ai
Published 25 Mar, 2017 12:00am
WAPDA interfering in distribution of water: Khuhro

WAPDA interfering in distribution of water: Khuhro

The President of Pakistan People's Party (PPP), Sindh and senior provincial minister Nisar Ahmed Khuhro has said that it is responsibility of IRSA to fairly distribute water in the country, but right now WAPDA is interfering in the distribution of water,
Published 25 Mar, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (March 24, 2017).

Published 25 Mar, 2017 12:00am
ELN leader killed by Colombian security forces

ELN leader killed by Colombian security forces

A leader of the ELN, Colombia's last remaining active rebel force, has been killed in an operation by security forces, President Juan Manuel Santos said on Thursday. "I congratulate our Public Forces for neutralising Alvaro Gelves Ortega, alias Jairo, 1st
Published 25 Mar, 2017 12:00am
Zardari describes former CJP as 'political judge'

Zardari describes former CJP as 'political judge'

Pakistan People's Party Co-chairman and former president Asif Ali Zardari has claim that former chief justice Iftikhar Chaudhry wanted to become President of Pakistan. Asif Ali Zardari said that he always told his aides that former CJP Iftikhar Chaudhry w
Published 25 Mar, 2017 12:00am
Zardari describes former CJP as 'political judge'

Zardari describes former CJP as 'political judge'

Pakistan People's Party Co-chairman and former president Asif Ali Zardari has claim that former chief justice Iftikhar Chaudhry wanted to become President of Pakistan. Asif Ali Zardari said that he always told his aides that former CJP Iftikhar Chaudhry w
Published 25 Mar, 2017 12:00am
IS claims 'suicide' blast near Bangladesh airport

IS claims 'suicide' blast near Bangladesh airport

The Islamic State group claimed responsibility late Friday for a suspected suicide bomb attack outside the Bangladeshi capital's main international airport, according to the SITE Intelligence Group, which monitors jihadist communications. A bomber was kil
Published 25 Mar, 2017 12:00am
IS claims 'suicide' blast near Bangladesh airport

IS claims 'suicide' blast near Bangladesh airport

The Islamic State group claimed responsibility late Friday for a suspected suicide bomb attack outside the Bangladeshi capital's main international airport, according to the SITE Intelligence Group, which monitors jihadist communications. A bomber was kil
Published 25 Mar, 2017 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

The rupee managed to hold steadier trend against the dollar on the money market on Friday in the process of trading, dealers said. The rupee inched up by one paisa versus the dollar for buying and selling at Rs 104.84 and Rs 104.85 respectively, they said
Published 25 Mar, 2017 12:00am
Six Russian troops killed as rebels attack Chechen base

Six Russian troops killed as rebels attack Chechen base

Russia said on Friday that six of its soldiers had been killed after successfully repelling an assault on a military facility in Chechnya, an attack the Islamic State militant group said it had carried out. The National Guard of Russia said in a statement
Published 25 Mar, 2017 12:00am
THE RUPEE: steadier trend
Currency

THE RUPEE: steadier trend

The rupee managed to hold steadier trend against the dollar on the money market on Friday in the process of trading, dealers said. The rupee inched up by one paisa versus the dollar for buying and selling at Rs 104.84 and Rs 104.85 respectively, they said
Published 25 Mar, 2017 12:00am
Six Russian troops killed as rebels attack Chechen base

Six Russian troops killed as rebels attack Chechen base

Russia said on Friday that six of its soldiers had been killed after successfully repelling an assault on a military facility in Chechnya, an attack the Islamic State militant group said it had carried out. The National Guard of Russia said in a statement
Published 25 Mar, 2017 12:00am
Russia denies supplying Taliban after Nato claim

Russia denies supplying Taliban after Nato claim

Russia on Friday denied allegations by the commander of Nato that Moscow may be assisting the Taliban as the insurgents fight US and Nato forces in Afghanistan. "These claims are absolutely false," Zamir Kabulov, head of the Russian foreign ministry's dep
Published 25 Mar, 2017 12:00am
Russia denies supplying Taliban after Nato claim

Russia denies supplying Taliban after Nato claim

Russia on Friday denied allegations by the commander of Nato that Moscow may be assisting the Taliban as the insurgents fight US and Nato forces in Afghanistan. "These claims are absolutely false," Zamir Kabulov, head of the Russian foreign ministry's dep
Published 25 Mar, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 24, 2017).

Published 25 Mar, 2017 12:00am
Forex reserves down by $224 million

Forex reserves down by $224 million

The country's total liquid foreign reserves decreased by $224 million to $22.050 billion during the week ended March 17, 2017. According to State Bank of Pakistan report issued on Friday, the foreign reserves held by the SBP decreased by $278 million to $
Published 25 Mar, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (March 24, 2017).

Published 25 Mar, 2017 12:00am
Forex reserves down by $224 million

Forex reserves down by $224 million

The country's total liquid foreign reserves decreased by $224 million to $22.050 billion during the week ended March 17, 2017. According to State Bank of Pakistan report issued on Friday, the foreign reserves held by the SBP decreased by $278 million to $
Published 25 Mar, 2017 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (March 24, 2017).

Published 25 Mar, 2017 12:00am
Forex reserves down by $224 million

Forex reserves down by $224 million

The country''s total liquid foreign reserves decreased by $224 million to $22.050 billion during the week ended March 17, 2017. According to State Bank of Pakistan report issued on Friday, the foreign reserves held by the SBP decreased by $278 million to
Published 25 Mar, 2017 12:00am
Spot-fixing allegations: PCB, FIA agree to work together

Spot-fixing allegations: PCB, FIA agree to work together

Pakistan Cricket Board (PCB) and Federal Investigation Agency (FIA) have agreed to work together to investigate spot-fixing allegations in Pakistan Super League (PSL). An official source told Business Recorder on condition of anonymity that senior
Published 25 Mar, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (March 24, 2017)

Published 25 Mar, 2017 12:00am
Spot-fixing allegations: PCB, FIA agree to work together

Spot-fixing allegations: PCB, FIA agree to work together

Pakistan Cricket Board (PCB) and Federal Investigation Agency (FIA) have agreed to work together to investigate spot-fixing allegations in Pakistan Super League (PSL). An official source told Business Recorder on condition of anonymity that senior
Published 25 Mar, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (March 24, 2017).

Published 25 Mar, 2017 12:00am
Widening C/A deficit

Widening C/A deficit

It is depressing to see that current account (C/A) deficit of the country continues to increase. According to the latest data released by the State Bank, the C/A deficit widened by more than 120 percent to dollar 5.47 billion during the first eight months
Published 25 Mar, 2017 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 25 Mar, 2017 12:00am
The menu peuple?

The menu peuple?

Discriminatory attitudes towards religious minorities do not only emanate from extremists and terrorists. An even more invidious, almost subconscious discriminatory profiling seems to be second nature in our society. To expect then that the authorities wo
Published 25 Mar, 2017 12:00am
LME official prices

LME official prices

The following were Thursday official prices.

Published 25 Mar, 2017 12:00am
Loans upon loans
Currency

Loans upon loans

Pakistan will have to cough up $7 million to the Asian Development Bank as fine if it does not use the $4.5 billion in loans the ADB gave to Pakistan for various projects. The federal government has used less than half that amount, or $1.80 billion. The A
Published 25 Mar, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (March 24, 2017).

Published 25 Mar, 2017 12:00am
Standby letters of credit in international business transactions

Standby letters of credit in international business transactions

All imports in the country are regulated by the Import and Export Control Act 1950; regulations under the said Act are enacted in the form of Import policy order or notifications. As per para 4 of the import policy order, imports from world-wide sources a
Published 25 Mar, 2017 12:00am
The Weather

The Weather

The weather report on Friday (March 24, 2017) and the forecast for Saturday (March 25, 2017).

Published 25 Mar, 2017 12:00am
Short-sighted policies in power distribution sector

Short-sighted policies in power distribution sector

When the PML-N government assumed power, one of the major challenges it faced in the energy sector was a huge circular debt amounting to over Rs 500 billion. The debt had accumulated over the years due to the previous government's inability to raise the p
Published 25 Mar, 2017 12:00am
'PSM: Story of sell-off not over yet'

'PSM: Story of sell-off not over yet'

This is apropos a Business Recorder news item "PSM: Story of sell-off not over yet" carried by the newspaper on Thursday. According to it, Secretary Privatisation Commission, Sardar Ahmad Nawaz Sukhera has revealed that the federal government is wo
Published 25 Mar, 2017 12:00am
Oil rises in late trade, still down on the week as glut weighs

Oil rises in late trade, still down on the week as glut weighs

Oil rose modestly on Friday in a spate of late-day activity, but fell on the week as concerns persisted over an excess of crude. US West Texas Intermediate (WTI) crude futures settled up 27 cents to $47.97 a barrel, but lost 0.5 percent on the week. About
Published 25 Mar, 2017 12:00am
Cotton up on mill buying, down one percent for the week
Cotton

Cotton up on mill buying, down one percent for the week

ICE cotton futures crawled higher on Friday, supported by mill fixations, but were down 1 percent for the week. "The market is supported by the need for mills to fix on-call sales," said Louis Rose, an independent cotton trader and consultant with Risk An
Published 25 Mar, 2017 12:00am
Pakistan an attractive destination for foreign investors: PM

Pakistan an attractive destination for foreign investors: PM

Prime Minister Muhammad Nawaz Sharif on Friday said Pakistan was an attractive destination for foreign investors and the government had provided comprehensive facilitation and protection for their financial returns.He was talking to Iftikhar Aziz, Preside
Published 25 Mar, 2017 12:00am
Pakistan, Malaysia agree to cooperate in more defence joint ventures

Pakistan, Malaysia agree to cooperate in more defence joint ventures

Lieutenant General Zamir Ul Hassan Shah (retd), Secretary Defence Pakistan on a five-day visit to Malaysia attended the 14th Langkawi International Maritime and Aerospace (LIMA) Exhibition held from March 20-24, in Langkawi, Malaysia. During the visit Sec
Published 25 Mar, 2017 12:00am
Pakistan, Malaysia agree to cooperate in more defence joint ventures

Pakistan, Malaysia agree to cooperate in more defence joint ventures

Lieutenant General Zamir Ul Hassan Shah (retd), Secretary Defence Pakistan on a five-day visit to Malaysia attended the 14th Langkawi International Maritime and Aerospace (LIMA) Exhibition held from March 20-24, in Langkawi, Malaysia. During the visit Sec
Published 25 Mar, 2017 12:00am
JUI-F to protest razing of billboards

JUI-F to protest razing of billboards

Jamiat Ulema-e-Islam (JUI-F) District Peshawar chapter has announced protest demo against provincial government over razing of bill boards carrying advertisements about holding of World Centennial Congregation of JUI-F scheduled in Nowshera next month. Di
Published 25 Mar, 2017 12:00am
Blasphemy case: three accused handed over to FIA on physical remand

Blasphemy case: three accused handed over to FIA on physical remand

An anti-terrorism court (ATC) on Friday handed over three accused to the Federal Investigation Agency (FIA) on a seven-day remand for allegedly posting blasphemous contents on social media websites. ATC Judge Kausar Abbas Zaidi has directed the authoritie
Published 25 Mar, 2017 12:00am
Bahria Town hands over apartments' keys to owners

Bahria Town hands over apartments' keys to owners

The joy of Pakistan Day celebrations multiplied for the families who received the keys of their apartments in Bahria Apartments project at a graceful possession handing over ceremony held at Bahria Town Karachi. Bahria Apartments is a project of Bahria To
Published 25 Mar, 2017 12:00am
PPP Chakwal office-bearers announced

PPP Chakwal office-bearers announced

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari on Thursday approved his Party office bearers for Chakwal district of Central Punjab with immediate effect. As per details issued from PPP media cell, Sardar Azhar Abbas has been nominated as Pr
Published 25 Mar, 2017 12:00am
Foreign investors keen to invest in various sectors: Marriyum

Foreign investors keen to invest in various sectors: Marriyum

The entire world is acknowledging Pakistan as an emerging economy while international investors are keen to invest in various sectors of the country due to increased confidence, said Minister of State for Information and Broadcasting, Marriyum Aurangzeb.
Published 25 Mar, 2017 12:00am
Clerics' rally against social media activists prevented

Clerics' rally against social media activists prevented

Police blocked a rally on Friday by clerics seeking to press their calls for the death of social media activists accused of insulting Islam. Hundreds of security forces sealed off and surrounded the Red Mosque, home of a religious leader, Maulana Abdul Az
Published 25 Mar, 2017 12:00am
SC dismisses contempt plea against anchorperson

SC dismisses contempt plea against anchorperson

The Supreme Court on Friday dismissed contempt plea seeking action against anchorperson Aamir Liaqat Hussain on the grounds of insufficient evidence. Heading a three-judge bench Justice Ejaz Afzal Khan resumed the hearing of a plea filed by one Jibran Nas
Published 25 Mar, 2017 12:00am
Dar reviews progress of ongoing census

Dar reviews progress of ongoing census

Finance Minister, Ishaq Dar here on Friday chaired a meeting to review the progress of ongoing housing and population census 2017. Minister for Law and Justice Zahid Hamid, Special Assistant to the Prime Minister on Law Barrister Zafarullah Khan, Special
Published 25 Mar, 2017 12:00am
Health experts call for free treatment of TB

Health experts call for free treatment of TB

Health experts have said that tuberculosis is a curable disease, which can be prevented by proper treatment. They urged the media for creating public awareness in detecting and bringing all tuberculosis patients under cost-free treatment facilities to mak
Published 25 Mar, 2017 12:00am
Pakistani drug dealer beheaded in Saudi Arabia

Pakistani drug dealer beheaded in Saudi Arabia

A Pakistani man, who was found guilty in drug trafficking case, was beheaded in Saudi Arabia. According to Saudi Press Agency, two convicts one Saudi Arabian national Nasser Harshan and one Pakistani national Namtallah Khasta Qul were given death sentence
Published 25 Mar, 2017 12:00am
Census for second block of first phase to start from March 31

Census for second block of first phase to start from March 31

The 6th population census exercise is continuing in a smooth manner as per the calendar and the process for second block of first phase would start from March 31. According to a statement of Pakistan Bureau of Statistics (PBS), during first phase the cens
Published 25 Mar, 2017 12:00am
Two cops killed in firing

Two cops killed in firing

Two policemen were killed when unidentified armed motorcyclists opened fire at them here on Friday. The patrolling police signalled to stop 2 suspected motorcycles carrying 4 people in Chak Daida locality in suburbs of Kasur. The motorcyclists instead of
Published 25 Mar, 2017 12:00am
AIGP, Nespak discuss strategy for safe city project

AIGP, Nespak discuss strategy for safe city project

A four-member team of National Engineering Services Pakistan (NESPAK) called on the Acting Inspector General of Police (AIGP) Khyber Pakhtunkhwa, Syed Akhtar Ali Shah at Central Police Office Peshawar on Friday. Acting IGP Syed Akhtar Ali Shah in a meetin
Published 25 Mar, 2017 12:00am
Pakistan to chair Mutual Exchange Forum on MEFIN: SECP

Pakistan to chair Mutual Exchange Forum on MEFIN: SECP

The Securities and Exchange Commission of Pakistan (SECP) is pleased to announce that Pakistan will have the privilege of chairing the Mutual Exchange Forum on Inclusive Insurance Network (MEFIN) for the year 2017. MEFIN is a peer network of insurance pol
Published 25 Mar, 2017 12:00am
Pakistan to chair Mutual Exchange Forum on MEFIN: SECP

Pakistan to chair Mutual Exchange Forum on MEFIN: SECP

The Securities and Exchange Commission of Pakistan (SECP) is pleased to announce that Pakistan will have the privilege of chairing the Mutual Exchange Forum on Inclusive Insurance Network (MEFIN) for the year 2017. MEFIN is a peer network of insurance pol
Published 25 Mar, 2017 12:00am
Mainly dry weather likely today

Mainly dry weather likely today

The Met Office on Friday forecast mainly dry weather for the most parts of the country in the next 24 hours. It said that a light rain-thunderstorm is expected at few places of Quetta Division besides FATA, while hot weather in Sindh and Southern Balochis
Published 25 Mar, 2017 12:00am
Road accident: four bodies recovered from river Panjkora

Road accident: four bodies recovered from river Panjkora

The bodies of four persons of traffic incident a day before were recovered on Friday from the river Panjkora after hectic efforts of the locals while search for another missing person continues. According to details a non-custom paid (NCP) vehicle of the
Published 25 Mar, 2017 12:00am
Pakistan Day: Army Chief thanks all participants

Pakistan Day: Army Chief thanks all participants

Chief of Army Staff General Qamar Javed Bajwa thanked all participants for their video messages on Pakistan's day. In a tweet, DG ISPR Major General Asif Ghafoor, on behalf of the Army Chief, thanked Pakistani media for making "Hum Sab Ka Pakistan" a succ
Published 25 Mar, 2017 12:00am
Two workers die after falling from rooftops

Two workers die after falling from rooftops

Two labourers died after falling from roofs while working in the metropolis on Friday, rescue sources said. A 22-year-old man, Muhammad Aqeel, was killed after falling during work on the roof of under-construction building near Korangi Crossing. The body
Published 25 Mar, 2017 12:00am
Pakistan Day celebrated in Poland

Pakistan Day celebrated in Poland

The National Day of Pakistan was celebrated at a graceful ceremony at embassy of Pakistan in Warsaw, said a press release on Friday. The Ambassador of Pakistan to Poland, Dr Khalid Hussain Memon raised the Pakistan flag on the tune of the National Anthem
Published 25 Mar, 2017 12:00am
Climate change act, reviving hopes - and skepticism

Climate change act, reviving hopes - and skepticism

Parliament has passed a climate change bill that officials promise "will fast-track measures needed to implement actions on the ground" in a country that has so far lagged on climate action. The new law establishes a policy-making Climate Change Council,
Published 25 Mar, 2017 12:00am
NAB Karachi, KU organise seminar

NAB Karachi, KU organise seminar

Under the directives and vision of Chairman NAB Qamar Zaman Chaudhry on zero tolerance against corruption and creating awareness amongst masses and youth in particular, a Seminar on the topic of "Role of Youth in Fight against Corruption" was organised by
Published 25 Mar, 2017 12:00am
Alleged illegal allotment: SHC grants bail to CDGK's former-official

Alleged illegal allotment: SHC grants bail to CDGK's former-official

The Sindh High Court (SHC) on Monday restrained the National Accountability Bureau (NAB) from arresting former additional EDO Revenue of defunct City District government Karachi (CDGK) Mustafa Jamal Kazi granting him an interim pre-arrest bail.
Published 25 Mar, 2017 12:00am
Provision of quality education core responsibility: Jhagra

Provision of quality education core responsibility: Jhagra

KP Governor Engineer Iqbal Zafar Jhagra has said that enabling the new generation to benefit from the quality educational facilities is our core responsibility. Both the private and public sectors, he added, should play their significant role in this resp
Published 25 Mar, 2017 12:00am
Greenstar sets up free hepatitis test camps

Greenstar sets up free hepatitis test camps

Greenstar Social Marketing (Greenstar) setup a free Hepatitis Testing and Vaccination Camp at its Mother and Child Health Model Clinic situated in Korangi Karachi with support from Sind Lab. More than 400 residents of the area were served at the camp thro
Published 25 Mar, 2017 12:00am
Women councillors complain gender-based discrimination

Women councillors complain gender-based discrimination

Women District Councilors elected on reserved seats in District Council Chitral have alleged gender based discrimination and hatred with them in matters relating to the distribution of annual development funds. For highlighting the issue the women Council
Published 25 Mar, 2017 12:00am
Shahbaz to open 'Daad Rasi' centre today

Shahbaz to open 'Daad Rasi' centre today

Chief Minister Shehbaz Sharif will formally open "Daad Rasi" centre for women in the city on Saturday (today)) to check violence against women and provide justice to them under one roof. The initiative was taken under Chief Minister's Strategic Reforms Un
Published 25 Mar, 2017 12:00am
LHC dismisses petition

LHC dismisses petition

The Lahore High Court on Friday dismissed petition of an Afghan national Gul Rehman challenging the suspension of his and his family's Pakistani national identification cards.
Published 25 Mar, 2017 12:00am
Rs 10 million paid to USA-based Pakistani

Rs 10 million paid to USA-based Pakistani

As a result of the efforts made by Overseas Pakistanis Commission (OPC) Punjab, payment of rupees 10 million has been made to a USA-based Overseas Pakistani. Commissioner OPC Afzaal Bhatti while giving details in this regard informed that Muhammad Afzal o
Published 25 Mar, 2017 12:00am
'740 factories established at SIE so far'

'740 factories established at SIE so far'

As many as 740 factories have so far been set up with an investment of Rs 40 billion at the Sundar Industrial Estate. The Punjab Industrial Estates Development and Management Company (PIEDMC) chairman Rizwan Khalid Butt revealed this while speaking at the
Published 25 Mar, 2017 12:00am
SBP decision to resume banking channel with Iran lauded

SBP decision to resume banking channel with Iran lauded

The business community of Southern Punjab has hailed the decision of the Central Bank of Pakistan to allow banks to resume ties with Iranian counterparts after the government's recent lifting of sanctions on the neighbouring Persian Gulf country. They sai
Published 25 Mar, 2017 12:00am
Fourth batch of Khyber Levies passes out

Fourth batch of Khyber Levies passes out

The fourth batch passing out parade of 38 recruits of Khyber Levies was held here in forces cantonment of tehsil LandiKotal on Friday. Besides Political Agent (PA) Khyber who was also commandant of Khyber Levies as chief guest, Assistant Political Agent (
Published 25 Mar, 2017 12:00am
Huge foreign currency seized from two female passengers
Currency

Huge foreign currency seized from two female passengers

Model Customs Collectorate (MCC), Preventive on Friday claimed to have recovered substantial quantity of foreign currency from two female passengers travelling to UAE. According to details, both female passengers, who were travelling to UAE via flight EK-
Published 25 Mar, 2017 12:00am
Newborn baby kidnapped from hospital recovered

Newborn baby kidnapped from hospital recovered

Police on Friday recovered a newborn from Sohrab Goth area in Karachi after he was kidnapped from Qatar hospital. The child was kidnapped from the hospital a day before after which police initiated a search into matter.
Published 25 Mar, 2017 12:00am
JI rejects KE's new power tariffs

JI rejects KE's new power tariffs

Jamaat-e-Islami on Friday rejected the K-Electric's new tariff slab that the National Electric Power Regulatory Authority (NEPRA) announced for the city's power consumers. The JI warned that it would stage a campaign to protest the KE and NEPRA 'excesses'
Published 25 Mar, 2017 12:00am
PPP petition on census: SHC issues notices to federal, Sindh governments

PPP petition on census: SHC issues notices to federal, Sindh governments

Sindh High Court (SHC) on Friday issued notices to federal and Sindh governments for April 3, on a petition filed by Pakistan Peoples Party (PPP) challenging the procedure of the ongoing population census. A division bench of the SHC was hearing the petit
Published 25 Mar, 2017 12:00am
Metro Cash & Carry, P&G partner for safe drinking water program

Metro Cash & Carry, P&G partner for safe drinking water program

P&G, the maker of world renowned products such as Pampers, Always, Safeguard, Ariel, Head & Shoulders and Pantene, has collaborated with Metro Cash & Carry and Health Oriented Preventive Education (HOPE) to provide clean drinking water to Pakistani commun
Published 25 Mar, 2017 12:00am
Imran urges youth not to compromise on vision

Imran urges youth not to compromise on vision

The leading investors announced investments in Pakistani start-ups at a conference where 175 start-ups from all over Pakistan participated. Umar Saif, CIO of the Government of Punjab and Chairman PITB inaugurated the Start-ups Conference that was organise
Published 25 Mar, 2017 12:00am
Blood donation camp at KCCI today

Blood donation camp at KCCI today

The Management of Afzaal Memorial Thalassemia Foundation (AMTF) will set up a 'Blood Donation Camp' at Karachi Chamber of Commerce and Industry (KCCI) on Saturday (today). In addition to it, a medical team from Dr Essa Laboratory will also be available to
Published 25 Mar, 2017 12:00am
FPCL to commence operations by end-April

FPCL to commence operations by end-April

FFBL Power Company Limited (FPCL) as subsidiary of Fauji Fertilizer Bin Qasim Limited (FFBL) is expected to commence its commercial operations by the end of April 2017 instead of first quarter 2017. FFBL said this in a material information sent to Pakista
Published 25 Mar, 2017 12:00am
Need to promote Sindh's folk art, literature stressed

Need to promote Sindh's folk art, literature stressed

The intellectuals, poets, writers and social scientists of Sindh and Baluchistan have demanded the establishment of an independent institution for preservation and promotion of culture, language and folk arts of Sindh. They called for recognition of Sindh
Published 25 Mar, 2017 12:00am
Country's telecom imports fall by five percent

Country's telecom imports fall by five percent

Pakistan's overall telecom imports declined by five percent to $882.613 million in July-February 2017, official figures say. Telecom imports fall stands at $42.367 million in July-February 2017 from $924.980 million in July-February 2016, Pakistan Bureau
Published 25 Mar, 2017 12:00am
TEVTA to train 10,000 youth of South Punjab

TEVTA to train 10,000 youth of South Punjab

Technical Education and Vocational Training Authority (TEVTA) will train 10,000 youth of four districts of Southern Punjab. This training will be given according to Punjab Youth Workforce Development program (PYWDP) to provide employment opportunities in
Published 25 Mar, 2017 12:00am
NAVTTC, Bait-ul-Mal join hands on skill development

NAVTTC, Bait-ul-Mal join hands on skill development

To encourage NAVTTC's trainees in the field of business and entrepreneurship for achieving economic stability, a meeting was held on Friday at National Vocational & Technical Training Commission (NAVTTC) head quarters. The meeting was attended by Executiv
Published 25 Mar, 2017 12:00am
US CG calls on minister

US CG calls on minister

The Punjab government has laid the foundation of international quality educational and research facilities in higher education institutions, as the quality education helps to develop educated leadership in different sectors to guide the development proces
Published 25 Mar, 2017 12:00am
CIRTCS to be established at UAF

CIRTCS to be established at UAF

The Centre for Integrated Research, Technology and Complete Solutions will be established at the University of Agriculture Faisalabad (UAF) under Higher Education Commission's (HEC) CPEC programme to address the issues of farming community. It was discuss
Published 25 Mar, 2017 12:00am
PPSC to be equipped with modern techonology: CM

PPSC to be equipped with modern techonology: CM

Punjab Chief Minister Muhammad Shahbaz Sharif presided over a meeting to review the performance of Punjab Public Service Commission (PPSC) in which Chairman PPSC Lieutenant General Sajjad Akram (retd) presented the performance report for the year 2016. Th
Published 25 Mar, 2017 12:00am
Flour mills: PFD urged to stop supply of substandard wheat

Flour mills: PFD urged to stop supply of substandard wheat

Pakistan Flour Mills Association (PFMA-Punjab) Chairman Riaz Ullah Khan and Group leader Asim Raza have called upon the Provincial Food Department (PFD) to immediately stop supply of substandard wheat to the flour mills. They said that flour millers were
Published 25 Mar, 2017 12:00am
UVAS distributes Rs 1.5 million subsidy among ostrich farmers

UVAS distributes Rs 1.5 million subsidy among ostrich farmers

The University of Veterinary and Animal Sciences Lahore has distributed cheques worth Rs 1.5 million as subsidy among ostrich farmers under its project titled "Developing of Ostrich Farming in Punjab. Minister for Livestock & Dairy Development Punjab Asif
Published 25 Mar, 2017 12:00am
PIAF asks members to renew memberships

PIAF asks members to renew memberships

Pakistan Industrial and Traders Associations Front (PIAF) has asked all its members to get renewed their membership of the Association and the Lahore Chamber of Commerce and Industry and PIAF before March 31, 2017. The process of membership renewal is cur
Published 25 Mar, 2017 12:00am
LCCI, Punjab Tuberculosis Control Programme sign MoU

LCCI, Punjab Tuberculosis Control Programme sign MoU

The Punjab government has declared the Tuberculosis (TB) as notifiable disease. All doctors, homeopaths, hakims and quacks would be bound to report TB patients to the Punjab Tuberculosis Control Program (PTCP) that would help weed out this deadly menace o
Published 25 Mar, 2017 12:00am
Chinese Communist Party team meets Shahbaz

Chinese Communist Party team meets Shahbaz

A high-level delegation led by Secretary Chinese Communist Party Hubei, Provincial Commission on Discipline Inspection Houchangan called on the Chief Minister Punjab Shehbaz Sharif on Friday. Matters related to mutual interest, CPEC projects, promotion of
Published 25 Mar, 2017 12:00am
Jimmy's solo art show attracts crowd

Jimmy's solo art show attracts crowd

World renowned Pakistani artist Jimmy Engineer's solo art show at the prestigious Zhengyanmen Administration Museum in Beijing, is drawing good crowed of artists, art lovers, diplomats and people from all walks of life and all the visitors are appreciatin
Published 25 Mar, 2017 12:00am
NAB examining complaint against KP speaker

NAB examining complaint against KP speaker

The National Accountability Bureau (NAB) has started investigating a complaint filed against Speaker Khyber Pakhtunkhwa Assembly Asad Qaiser for his alleged involvement in massive irregularities and accumulation of assets beyond known sources of income. T
Published 25 Mar, 2017 12:00am
Centre approves remodelling of Warsak Gravity, Lift Canal

Centre approves remodelling of Warsak Gravity, Lift Canal

The federal government on Friday approved and signed the revised PC-1 of 'Remodelling of Warsak Gravity Canal and Warsak Lift Canal Systems. The Government has already started work over the project which will increase water flow from the current 500 cusec
Published 25 Mar, 2017 12:00am
Fata reforms body to meet soon: Sartaj

Fata reforms body to meet soon: Sartaj

Chairperson of Committee on FATA Reforms Sartaj Aziz, responding to certain points raised in the Cabinet of Khyber Pakhtunkhwa, said that the two main demands raised in the meeting have already been accepted. The Federal Cabinet, at its meeting held on 2
Published 25 Mar, 2017 12:00am
UN secretary general attends Pakistan Day celebrations in US

UN secretary general attends Pakistan Day celebrations in US

Pakistan Day was celebrated with fervour and enthusiasm at the Pakistan House in New York and Pakistan Embassy in Washington on Thursday attended by UN Secretary General and State Department officials. Ambassador and Permanent Representative to the United
Published 25 Mar, 2017 12:00am
French Embassy hails adoption of Climate Change Act

French Embassy hails adoption of Climate Change Act

The Embassy of France in Pakistan warmly welcomes the adoption of the Climate Change Act, which has been recently passed by both the chambers of Parliament. Pakistan has thus become the fifth country in the world to adopt a specific legislation on climate
Published 25 Mar, 2017 12:00am
PIA losses soar to Rs 103 billion during PML-N government tenure

PIA losses soar to Rs 103 billion during PML-N government tenure

Pakistan International Airlines (PIA) losses have risen by Rs 103 billion during the tenure of the current Pakistan Muslim League-N government. PIA accumulated losses and liabilities include over Rs 186 billion bank loans, Rs 40 billion dues of Civil Avia
Published 25 Mar, 2017 12:00am
Prime Minister inaugurates Forest Services Academy

Prime Minister inaugurates Forest Services Academy

Prime Minister Nawaz Sharif on Friday inaugurated the Forest Services Academy at Ghora Gali, under the PM's Green Pakistan Programme. The Prime Minister unveiled the plaque of the Forest Services Academy, which will provide in-service and post-graduate tr
Published 25 Mar, 2017 12:00am
Serena Hotel presents first-ever Thai food festival

Serena Hotel presents first-ever Thai food festival

The Islamabad Serena Hotel, in collaboration with the Royal Embassy of Thailand, the Okura Prestige Bangkok and Thai Airways presents a first-ever international food festival at its signature restaurant Wild Rice. The opening was attended by Ambassador of
Published 25 Mar, 2017 12:00am
Misuse of GDs: Lahore LTU confirms legal action of DGI&I IR against OMC

Misuse of GDs: Lahore LTU confirms legal action of DGI&I IR against OMC

An assessment order of Large Taxpayer Unit (LTU) Lahore has endorsed the legal action of the Directorate of Intelligence and Investigation Inland Revenue (IR) Karachi against an Oil Marketing Company (OMC) for non-payment of sales tax by not declaring goo
Published 25 Mar, 2017 12:00am
ICC awards 'symbolic' $250 each to Congo war crimes victims

ICC awards 'symbolic' $250 each to Congo war crimes victims

In its first such decision, the International Criminal Court on Friday awarded $250 dollars as "symbolic" damages to each victim of a former Congolese warlord, a sum swiftly dismissed as meaningless by those who lost homes and loved ones in a militia atta
Published 25 Mar, 2017 12:00am
Putin meets France's Le Pen in Moscow

Putin meets France's Le Pen in Moscow

President Vladimir Putin met French far-right presidential candidate Marine Le Pen as she visited Moscow on Friday, with the Russian leader stressing that the Kremlin does not meddle in France's politics. Le Pen's meeting with Putin - their first, accordi
Published 25 Mar, 2017 12:00am
12 dead as migrant boat sinks off Turkey coast

12 dead as migrant boat sinks off Turkey coast

Twelve Syrian refugees including five children drowned and three were missing after a migrant boat sank off Turkey's Aegean coast on Friday, local media reported. The bodies of the dead, also including two women, were discovered along the shore in the wes
Published 25 Mar, 2017 12:00am
Israel, US end talks without settlement agreement

Israel, US end talks without settlement agreement

Israel and the United States concluded talks in Washington on advancing peace with the Palestinians, without agreeing on one of the thorniest issues - Israeli settlements in occupied Palestinian territories. The US delegation, led by President Donald Trum
Published 25 Mar, 2017 12:00am
Student dies in violent Sierra Leone university protests

Student dies in violent Sierra Leone university protests

A student has been killed and several others injured at a university near Sierra Leone's southern city of Bo after police fired tear gas and live bullets during protests over a lecturers' strike, police sources told AFP. Lecturers at Njala University have
Published 25 Mar, 2017 12:00am
US sanctions 30 firms, individuals over Iran, North Korea arms plan

US sanctions 30 firms, individuals over Iran, North Korea arms plan

The United States has imposed sanctions on 30 foreign companies or individuals for transferring sensitive technology to Iran for its missile program or for violating export controls on Iran, North Korea and Syria, the State Department said on Friday. Elev
Published 25 Mar, 2017 12:00am
Indian airline bars lawmaker after shoe attack

Indian airline bars lawmaker after shoe attack

An Indian airline said Friday it had cancelled a booking by a Hindu nationalist lawmaker who repeatedly hit an Air India steward with his sandal in a row over which seat to take. Ravindra Gaikwad has admitted to hitting the 60-year-old employee of the nat
Published 25 Mar, 2017 12:00am
Syria army retakes Damascus areas

Syria army retakes Damascus areas

Syrian government troops on Friday recaptured all points taken by rebels in a surprise offensive launched late last week in the east of the capital Damascus, state media said. "The army has retaken all the areas infiltrated by the terrorists in the area b
Published 25 Mar, 2017 12:00am
Hosni Mubarak freed from detention

Hosni Mubarak freed from detention

Hosni Mubarak, the former Egyptian autocrat toppled during the 2011 Arab Spring, was freed Friday from the military hospital where he spent much of the past six years in detention. The release of the 88-year-old who ruled Egypt for three decades would hav
Published 25 Mar, 2017 12:00am
South China Sea installations 'primarily' civilian: Li

South China Sea installations 'primarily' civilian: Li

China is not militarising the disputed South China Sea, the country's premier said Friday in Australia, claiming defence equipment Beijing has installed on artificial islands is "primarily" for civilian use. The sea is a source of growing regional tension
Published 25 Mar, 2017 12:00am
Trump 'unbelievably healthy': Treasury Secretary

Trump 'unbelievably healthy': Treasury Secretary

Treasury Secretary Steven Mnuchin on Friday lauded President Donald Trump, saying the 70-year-old in the White House had the hardy good health to excel in his new job. "He's got perfect genes. He has incredible energy and he's unbelievably healthy," Mnuch
Published 25 Mar, 2017 12:00am
Spacewalk a success for French, US astronauts

Spacewalk a success for French, US astronauts

A French and an American astronaut floated outside the International Space Station Friday on a successful spacewalk to upgrade the orbiting outpost for the arrival of future space crews. Outfitted in bulky white spacesuits, helmets and gloves, France's Th
Published 25 Mar, 2017 12:00am
West Indies look to revive fortunes against Pakistan

West Indies look to revive fortunes against Pakistan

World champions West Indies will be seeking to erase the recent memory of a pitiful showing in the United Arab Emirates when they commence a T20 International series against Pakistan at Kensington Oval in Barbados on Sunday.
Published 25 Mar, 2017 12:00am
South Africa 'not good enough', say du Plessis

South Africa 'not good enough', say du Plessis

Faf du Plessis criticised South Africa's performances against New Zealand as "not good enough" Friday, despite going into the final Test in Hamilton with an unbeatable 1-0 lead in the series. The South African captain said he was also expecting injured wi
Published 25 Mar, 2017 12:00am
Qatar's World Cup dreams turn to dust

Qatar's World Cup dreams turn to dust

Qatar's 1-0 home defeat against Iran on Thursday has left the hugely ambitious country's 2018 World Cup dreams in tatters. The result means Qatar, chosen as the host of football's biggest tournament in 2022, are bottom of Group A with just four points fro
Published 25 Mar, 2017 12:00am
Kohli in doubt for fourth Test

Kohli in doubt for fourth Test

Injured Indian skipper Virat Kohli said Friday he would play the fourth Test against Australia only if he was 100 percent fit, keeping up the suspense over his participation in the series decider. Kohli, who injured his shoulder during the drawn third Tes
Published 25 Mar, 2017 12:00am
David eager to follow in Billie Jean's footsteps

David eager to follow in Billie Jean's footsteps

Nicol David, the squash great whose nine-year stint as world number one may never be surpassed, wants to follow the example of women's sports pioneer Billie Jean King when her playing days are done. Although the 33-year-old Malaysian reached the quarter-f
Published 25 Mar, 2017 12:00am
Manohar to stay on as ICC chairman

Manohar to stay on as ICC chairman

India's Shashank Manohar has deferred his resignation as the chairman of the International Cricket Council to see through a reform programme, the game's world governing body said Friday. Manohar quit earlier this month in the middle of an overhaul of the
Published 25 Mar, 2017 12:00am
Ex-Germany striker Kuranyi retires

Ex-Germany striker Kuranyi retires

Former Germany international striker Kevin Kuranyi said Friday he was calling time on his career despite money-spinning offers to play overseas in Qatar and China. The 35-year-old, who scored 19 goals in 52 appearances for Germany, had been a free agent s
Published 25 Mar, 2017 12:00am
Brazil on brink, Messi revives Argentina

Brazil on brink, Messi revives Argentina

Brazil thrashed Uruguay to move to the brink of the World Cup finals on Thursday as Lionel Messi got Argentina's faltering qualification campaign back on track with the only goal to sink Chile. A superb hat-trick from China-based midfielder Paulinho power
Published 25 Mar, 2017 12:00am
Pliskova eases through in Miami

Pliskova eases through in Miami

Second seed Karolina Pliskova cruised into the third round of the Miami Open, the Czech beating American qualifier Madison Brengle 6-1, 6-3 on Thursday. While her serve was not at its best, the 25-year-old Pliskova never looked in danger, comfortably domi
Published 25 Mar, 2017 12:00am
Balochistan Football: Sherani-Nushki, Turbat-Quetta results in draw

Balochistan Football: Sherani-Nushki, Turbat-Quetta results in draw

Chasing moves together were seen in the intense matches of Sherani versus Nushki and Turbat versus DFA Quetta, though both resulting in a draw on the third day of the final round of the PPL Balochistan Football Cup 2017. Muhammad Yaqoob of Nushki was the
Published 25 Mar, 2017 12:00am
Aussie and kiwi slip
Currency

Aussie and kiwi slip

The Australian and New Zealand dollars skidded to one-week lows on Friday as investors fretted about the outlook for US fiscal stimulus as President Donald Trump struggled to get his healthcare bill passed. The Australian dollar slipped for a fourth strai
Published 25 Mar, 2017 12:00am
Canadian dollar dips
Currency

Canadian dollar dips

The Canadian dollar weakened on Thursday against the greenback with a fall in oil prices, but losses were muted a day after the Canadian budget as investors grappled with an uncertain outlook for the policies of US President Donald Trump. The Canadian dol
Published 25 Mar, 2017 12:00am
Brexit risks, BoE's Vlieghe pull sterling off highs
Currency

Brexit risks, BoE's Vlieghe pull sterling off highs

Sterling fell against the dollar and euro on Friday, retreating from the previous session's one-month highs, as investors braced for Britain beginning the formal process of leaving the European Union next week. An interview with Bank of England policymake
Published 25 Mar, 2017 12:00am
China's yuan weakens
Currency

China's yuan weakens

China's yuan weakened against the US dollar on Friday as the global dollar index rose overnight, but the Chinese currency is set to end stronger for the week. The People's Bank of China set the midpoint rate at 6.8845 per dollar prior to market open, firm
Published 25 Mar, 2017 12:00am
Mexican peso at four-month peak

Mexican peso at four-month peak

The Mexican peso firmed on Friday to its strongest in four months ahead of a key vote on the US healthcare overhaul plan seen as a test of President Donald Trump's self-described skills as a negotiator. The peso strengthened 0.5 percent, touching levels l
Published 25 Mar, 2017 12:00am
Most Asian currencies down

Most Asian currencies down

Most Asian currencies were steady to slightly lower on Friday, ahead of a US vote on a healthcare bill that is seen as a gauge of the Trump administration's ability to implement its policy goals. US President Donald Trump's struggles to secure passage of
Published 25 Mar, 2017 12:00am
Sri Lankan rupee falls
Currency

Sri Lankan rupee falls

The Sri Lankan rupee closed lower on Friday on importer dollar demand, even as the country's central bank raised benchmark interest rates by 25 basis points in a move also aimed at easing pressure on the currency. The central bank raised interest rates fo
Published 25 Mar, 2017 12:00am
Dollar trades in tight range in New York

Dollar trades in tight range in New York

The dollar hovered near a four-month low against the Japanese yen on Thursday ahead of a vote on a US Republican healthcare plan seen as a litmus test of President Donald Trump's ability to pass key policies such as tax cuts through Congress. Trump was se
Published 25 Mar, 2017 12:00am
Dollar rises against yen, euro in Asia
Currency

Dollar rises against yen, euro in Asia

The dollar edged up against the yen and euro on Friday, pulling away from recent lows, but gains were capped as investors focused on a showdown between US President Donald Trump and members of his own party over a new healthcare bill. Trump warned House R
Published 25 Mar, 2017 12:00am
Southeast Asian stocks take pause

Southeast Asian stocks take pause

Southeast Asian stock markets took a breather on Friday ahead of a crucial vote on a US healthcare bill that could show whether President Donald Trump can muster the backing needed to push through fiscal measures key to his economic agenda. All eyes in gl
Published 25 Mar, 2017 12:00am
Banks lift Australian shares; New Zealand tumbles

Banks lift Australian shares; New Zealand tumbles

Australian shares rose on Friday, with financials accounting for about half of the gains after banks hiked mortgage rates for speculative buyers as part of a campaign by regulators to cool a hot housing market. Australia and New Zealand Banking raised its
Published 25 Mar, 2017 12:00am
European shares inch lower before US healthcare vote

European shares inch lower before US healthcare vote

European shares fell slightly on Friday, with eyes on a vote on US President Donald Trump's healthcare bill, while technology companies outperformed. The pan-European STOXX 600 was down 0.2 percent, and closed the week 0.5 percent lower, while Britain's F
Published 25 Mar, 2017 12:00am
China stocks rise

China stocks rise

China stocks rose on Friday as strong gains in the infrastructure sector offset concerns over tightening liquidity in the country's banking system, increased regulation and fresh curbs on property investment. The bluechip CSI300 index rose 0.8 percent to
Published 25 Mar, 2017 12:00am
Indian shares gain

Indian shares gain

Indian shares rose for a second consecutive session on Friday as lenders rallied after Finance Minister Arun Jaitley said the government would soon announce new measures to tackle bad debt, but indexes posted their first weekly loss in three. The broader
Published 25 Mar, 2017 12:00am
Hong Kong shares up; Huishan Dairy plummets

Hong Kong shares up; Huishan Dairy plummets

Hong Kong stocks eked out marginal gains on Friday, with investors awaiting corporate earnings and a vote on a new US healthcare bill seen as President Donald Trump's first policy test. The benchmark Hang Seng index added 0.1 percent, to 24,358.27 points
Published 25 Mar, 2017 12:00am
Treasury prices fall

Treasury prices fall

US Treasury prices fell on Thursday as investors waited for a vote by lawmakers on a bill to replace the Obamacare healthcare law, which is seen as a gauge of the Trump administration's ability to implement near-term goals. President Donald Trump made a f
Published 25 Mar, 2017 12:00am
Treasury prices fall

Treasury prices fall

US Treasury prices fell on Thursday as investors waited for a vote by lawmakers on a bill to replace the Obamacare healthcare law, which is seen as a gauge of the Trump administration's ability to implement near-term goals. President Donald Trump made a f
Published 25 Mar, 2017 12:00am
Sri Lankan shares up

Sri Lankan shares up

Sri Lankan shares edged up on Friday from a more than one-year closing low as foreign investors picked up battered shares in a market that had already factored in a monetary policy tightening by the central bank, dealers said. The central bank raised its
Published 25 Mar, 2017 12:00am
Wall Street down; lawmakers delay vote on Trump healthcare bill

Wall Street down; lawmakers delay vote on Trump healthcare bill

Wall Street declined on Thursday after lawmakers delayed a vote on a healthcare bill seen as President Donald Trump's first policy test. Failure to pass the American Health Care Act would cast doubt on Trump's ability to deliver other parts of his agenda
Published 25 Mar, 2017 12:00am
Tokyo stocks soar
Currency

Tokyo stocks soar

Tokyo stocks rose Friday as a cheaper yen lifted exporters, while troubled Toshiba soared on renewed optimism it will be able to work through huge losses at its US nuclear unit. Markets are also keeping a close eye on last-minute negotiations among US Rep
Published 25 Mar, 2017 12:00am
Taiwan stocks flat

Taiwan stocks flat

Taiwan stocks were little changed on Friday as investors remained cautious after the government announced a stimulus package amid uncertainty from trading partners the United States and China, and the central bank left its policy rate steady as expected.
Published 25 Mar, 2017 12:00am
Signals back to green for Deutsche Bahn

Signals back to green for Deutsche Bahn

Publicly-owned German rail operator Deutsche Bahn said Thursday it returned to profit in 2016 after its first loss in 12 years, vowing that it would push on with reform under a new boss. Net profit stood at 716 million euros ($773 million) last year, a re
Published 25 Mar, 2017 12:00am
Brazil tries to rescue meat industry from scandal

Brazil tries to rescue meat industry from scandal

Brazil's government fought Wednesday to save the country's meat industry from getting burned in a corruption scandal that has prompted several countries to pull Brazilian beef and chicken from the menu. Agriculture Minister Blairo Maggi did not mince his
Published 25 Mar, 2017 12:00am
Think tanks raise economic growth forecasts for Austria

Think tanks raise economic growth forecasts for Austria

Austria's two main economic think tanks have raised their forecasts for the country's economic growth this year, saying domestic demand should remain robust and trading partners' economic recovery should revive exports. The Wifo think tank, which compiles
Published 25 Mar, 2017 12:00am
Asia firms' confidence hits near two-year high on US, China pick-up

Asia firms' confidence hits near two-year high on US, China pick-up

Business sentiment at Asia's top companies rose to its highest in almost two years in the first quarter of 2017, buoyed by positive economic signs from the United States and China that underpinned improved global demand, a Thomson Reuters/INSEAD survey sh
Published 25 Mar, 2017 12:00am
Philippine keeps rates steady, trims inflation outlook

Philippine keeps rates steady, trims inflation outlook

The Philippine central bank left its benchmark interest rate unchanged on Thursday, and dampened expectations for an imminent policy tightening after it lowered the outlook on inflation. The policy-making Monetary Board kept the overnight borrowing rate s
Published 25 Mar, 2017 12:00am
China to encourage financial innovation, control risks

China to encourage financial innovation, control risks

China will encourage financial innovation and will control potential risks arising from the process, Wang Zhaoxing, vice chairman of the China Banking Regulatory Commission (CBRC), told a forum in Beijing on Friday. "In the context of putting more emphasi
Published 25 Mar, 2017 12:00am
IMF holds talks with Zambia over possible aid programme

IMF holds talks with Zambia over possible aid programme

The International Monetary Fund (IMF) said on Friday it held talks with Zambian authorities over the possibility of an aid programme, and said there was a range of facilities available for the southern African country. Zambia began talks with the IMF in M
Published 25 Mar, 2017 12:00am
Eurozone economy sparkles, lights way for ECB pull-back
Currency

Eurozone economy sparkles, lights way for ECB pull-back

If the latest surveys of business intentions are to be believed, the eurozone economy is sparkling, growing at a pace that easily explains the hints from some European Central Bank policymakers of a pull-back from their easy-money regime. IHS Markit's eur
Published 25 Mar, 2017 12:00am
Deutsche Bank picks new London Headquarters

Deutsche Bank picks new London Headquarters

Germany's Deutsche Bank revealed Friday that it has picked a site for its new British headquarters, highlighting its commitment to London despite looming Brexit. The lender has entered into exclusive talks with British property developer Land Securities o
Published 25 Mar, 2017 12:00am
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