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Jun 09, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2013-08-22
Southeast Asia Stocks: Indonesian stocks rebound; Malaysian flat

Southeast Asia Stocks: Indonesian stocks rebound; Malaysian flat

Indonesian stocks rebounded in strong trade on Wednesday as the government's plan on a policy package to combat inflation and job losses cheered investors, while Malaysian market ended nearly unchanged in a range bound session before a key economic data.
Published 22 Aug, 2013 12:00am
Britain's FTSE falls for third day ahead of Fed minutes

Britain's FTSE falls for third day ahead of Fed minutes

Britain's benchmark equity index fell for the third straight day on Wednesday to six-week lows, with investors anxious over the prospect of a forthcoming scaling back of US monetary stimulus. The market also took a technical hit as a clutch of companies i
Published 22 Aug, 2013 12:00am
Indian rupee plunges to record low

Indian rupee plunges to record low

The Indian rupee plunged to a record low on Wednesday on heavy dollar demand from importers and as traders fretted over mixed signals from the central bank over its efforts to prop up the currency without choking off economic growth. The rupee fell 2 perc
Published 22 Aug, 2013 12:00am
Dollar hovers near six-month low in Asia

Dollar hovers near six-month low in Asia

The dollar edged higher versus the yen, but hovered near a six-month low against the euro on Wednesday as investors awaited minutes of the US Federal Reserve's latest meeting for clues on its policy outlook. Speculation that the US central bank is poised
Published 22 Aug, 2013 12:00am
Dollar edges higher in London

Dollar edges higher in London

The dollar edged higher from a six-month low against the euro and gained versus the yen on Wednesday as traders bet Federal Reserve minutes due out later in the day will reinforce expectations of a pullback in stimulus next month. The minutes of the Fed's
Published 22 Aug, 2013 12:00am
Early trade in New York: dollar rises versus euro, yen

Early trade in New York: dollar rises versus euro, yen

The dollar edged higher from a six-month low against the euro and gained versus the yen on Wednesday as traders bet Federal Reserve minutes due later in the day will reinforce expectations of a pullback in stimulus next month. The euro was down 0.4 percen
Published 22 Aug, 2013 12:00am
Dollar slides against euro, yen

Dollar slides against euro, yen

The dollar fell on Tuesday to a six-month low against the euro and a two-month trough against the Swiss franc, as US Treasury yields retreated and the timing of the Federal Reserve's reduction in its stimulus efforts remained uncertain. Yields on the US b
Published 22 Aug, 2013 12:00am
Bangladesh's interbank forex, interest rates

Bangladesh's interbank forex, interest rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 77.75-77.80 (77.75-77.75). Call Money Rates: 07.50-08.25 percent (previous 07.15-09.25 percent).
Published 22 Aug, 2013 12:00am
Swiss franc idles against dollar

Swiss franc idles against dollar

The Swiss franc idled against the dollar as investors' awaited minutes of the US Federal Reserve's latest meeting for clues on its policy outlook. The dollar held steady against the yen and hovered near a half-year low against the euro, with many currency
Published 22 Aug, 2013 12:00am
Yuan edges up

Yuan edges up

China's yuan edged up on Wednesday after the central bank set a slightly higher official midpoint to reflect the dollar's fall in global markets and also on recent signs that the Chinese currency may appreciate moderately, traders said. Spot yuan changed
Published 22 Aug, 2013 12:00am
Indonesian rupiah low; ringgit weaker

Indonesian rupiah low; ringgit weaker

The Indonesian rupiah hit a four-year low on Wednesday on bond outflows and dollar demand from importers amid thin greenback liquidity, while investors kept an eye on the psychologically important 11,000 support level. The Malaysian ringgit turned weaker
Published 22 Aug, 2013 12:00am
Sterling touches two-month high versus dollar

Sterling touches two-month high versus dollar

Sterling hit a two-month high against the dollar on Wednesday after an industry survey provided more evidence of a UK recovery, bolstering the view that interest rates may rise sooner than the Bank of England has indicated. A Confederation of British Indu
Published 22 Aug, 2013 12:00am
Real Sociedad and Zenit win, Milan held by PSV

Real Sociedad and Zenit win, Milan held by PSV

Real Sociedad scored two brilliant goals to win 2-0 against a stunned Olympique Lyonnais side who finished with 10 men while AC Milan held PSV Eindhoven to a 1-1 draw in Champions League playoff first legs on Tuesday. Zenit St Petersburg midfielder Roman
Published 22 Aug, 2013 12:00am
Serena favoured but Azarenka threatens at US Open

Serena favoured but Azarenka threatens at US Open

World number one Serena Williams enters the US Open as a heavy favourite to defend her title, but second-ranked Victoria Azarenka leads a host of rivals looking to dethrone her. Williams is seeking her 17th Grand Slam singles crown and fifth US Open title
Published 22 Aug, 2013 12:00am
Afghan heroes feted after defeat of Pakistan

Afghan heroes feted after defeat of Pakistan

Afghanistan's victorious football team met President Hamid Karzai at his palace Wednesday to receive official congratulations for their 3-0 defeat of neighbouring Pakistan. Karzai praised the players for their slick dispatch of the visitors, which trigger
Published 22 Aug, 2013 12:00am
World Cup 2015 best opportunity for youngsters: Inzamam

World Cup 2015 best opportunity for youngsters: Inzamam

Former captain Inzamam-ul-Haq has said that World Cup 2015 will be a stage for youngsters to make names for themselves and earn the respect and recognition of the cricket mentors. Talking to a private news channel, former great advised youngsters to work
Published 22 Aug, 2013 12:00am
Babar hits ton as Pakistan U23s notchees big win over Nepal in ACC Cup

Babar hits ton as Pakistan U23s notchees big win over Nepal in ACC Cup

Teenager Babar Azam smashed a specatcular unbeaten century to propel Pakistan Under-23 to an emphatic nine wickets victory over Nepal in Asian Cricket Council (ACC) Emerging Players Cup at Padang Ground Singapore on Wednesday. 18-year-old from Lahore, Bab
Published 22 Aug, 2013 12:00am
Johnson upsets second seed Seppi

Johnson upsets second seed Seppi

US qualifier Steve Johnson upset second-seeded Italian Andreas Seppi 6-7 (5/7), 6-4, 7-5 to reach the third round of the ATP Winston-Salem Open on Tuesday. "Definitely played really well today," said Johnson, a two-time US collegiate champion who needed t
Published 22 Aug, 2013 12:00am
Misbah calls for Pakistan Twenty20 league

Misbah calls for Pakistan Twenty20 league

Pakistan captain Misbah-ul Haq urged his country's cricket chiefs Wednesday to revive plans for an IPL-style Twenty20 league to get his players sharp for international competition. Misbah, who leads the side in Tests and one-day internationals, is worried
Published 22 Aug, 2013 12:00am
Five players restored to Zimbabwe squad to face Pakistan

Five players restored to Zimbabwe squad to face Pakistan

Opener Tino Mawoyo has recovered from injury and joined experienced bowlers Graeme Cremer and Shingi Masakadza in being recalled on Wednesday to Zimbabwe's 20-man squad for the upcoming series against Pakistan. Wicketkeeper Regis Chakabva and all-rounder
Published 22 Aug, 2013 12:00am
Al Shabab hold Kashiwa in AFC quarters

Al Shabab hold Kashiwa in AFC quarters

Saudi Arabia's Al Shabab held Kashiwa Reysol to a 1-1 away draw Wednesday to raise their hopes of reaching the AFC Champions League semi-finals for the first time. A super strike from Brazilian midfielder Fernando Menegazzo cancelled out Masato Kudo's ope
Published 22 Aug, 2013 12:00am
Wasim announces marriage with Shaniera Thompson

Wasim announces marriage with Shaniera Thompson

Former skipper and cricket legend Wasim Akram Wednesday announced that he had married his Australian girlfriend, Shaniera Thompson, last week in a simple ceremony that was kept highly private with only family members. Nikah ceremony took place in Lahore l
Published 22 Aug, 2013 12:00am
Seven killed, oil pipeline bombed in Iraq violence

Seven killed, oil pipeline bombed in Iraq violence

Attacks in Iraq killed seven people, damaged an oil pipeline and hit a Shia shrine on Wednesday, as the country grapples with a months-long spike in violence. Prime Minister Nuri al-Maliki has vowed to press operations to try to stem the bloodshed, which
Published 22 Aug, 2013 12:00am
Turkey urges Iraq to stop militants bombing pipeline

Turkey urges Iraq to stop militants bombing pipeline

Iraq must take serious steps to stop militants attacking an oil export pipeline running to Turkey, a senior Turkish official said on Wednesday, after two bombs disrupted exports for at least the sixth this month. The pipeline, running from the Kirkuk oilf
Published 22 Aug, 2013 12:00am
Indian state pushes anti-black magic law after activist's death

Indian state pushes anti-black magic law after activist's death

An Indian state government Wednesday approved legislation banning superstition and black magic, an official said, a day after a prominent champion of the bill was shot dead. Atheist Narendra Dabholkar, who for years campaigned for such a law, was killed o
Published 22 Aug, 2013 12:00am
Cameron under pressure on Snowden files ultimatum

Cameron under pressure on Snowden files ultimatum

Prime Minister David Cameron on Wednesday faced calls to address parliament on why Britain's top civil servant pressured the Guardian newspaper to destroy or return Edward Snowden's leaked files. The call from a senior lawmaker came as Deputy Prime Minist
Published 22 Aug, 2013 12:00am
18 dead as Indonesia bus plunges into river

18 dead as Indonesia bus plunges into river

Eighteen people were killed and dozens injured Wednesday when a bus plunged into a river as it returned from a church outing on Indonesia's main island of Java, police said. The bus was carrying passengers from a Jakarta church back to the capital after a
Published 22 Aug, 2013 12:00am
Yemeni 9/11 suspect cites 'torture' over Gitmo food

Yemeni 9/11 suspect cites 'torture' over Gitmo food

A Yemeni accused of the September 11 attacks walked out of a courtroom at Guantanamo Bay on Tuesday, claiming that the lack of food he received amounts to "psychological torture." Ramzi Binalshibh, one of five men on trial over the hijacking and crashing
Published 22 Aug, 2013 12:00am
Iran's envoy to UN nuclear agency to leave post

Iran's envoy to UN nuclear agency to leave post

Iran's envoy to the UN atomic agency will leave his post next month, in what may be a further sign of new President Hassan Rouhani's desire for a fresh start with the outside world over its disputed nuclear programme. Ali Asghar Soltanieh's surprise depar
Published 22 Aug, 2013 12:00am
New Zealand passes law allowing domestic spying

New Zealand passes law allowing domestic spying

New Zealand passed legislation Wednesday allowing its main intelligence agency to spy on residents and citizens, despite opposition from rights groups, international technology giants and the legal fraternity. The bill to expand the power of the Governmen
Published 22 Aug, 2013 12:00am
Palestinians threaten action over Israeli Settlements

Palestinians threaten action over Israeli Settlements

The Palestinians threatened Wednesday to sue Israel through international bodies if it continues expanding settlements in the occupied territories, warning it was an issue that could torpedo fledgling peace talks. "These are not just dots on a map," PLO e
Published 22 Aug, 2013 12:00am
Floods kill nearly 200, displace millions in Asia

Floods kill nearly 200, displace millions in Asia

Nearly 200 people were killed and more than 1.8 million displaced as severe flooding hit Asia, including China which is battling the worst floods in a decade, officials said. About 170 people had been reported killed in China, while nearly 200 were still
Published 22 Aug, 2013 12:00am
Anger as German neo-Nazis protest against refugee camp

Anger as German neo-Nazis protest against refugee camp

German neo-Nazis have protested against a new political refugee centre in Berlin, seeking to stoke anti-foreigner sentiment a month before elections and sparking large counter-demonstrations. The far-right National Democratic Party of Germany (NPD) tried
Published 22 Aug, 2013 12:00am
Disasters cost insurers $20 billion in first half of 2013: Swiss Re

Disasters cost insurers $20 billion in first half of 2013: Swiss Re

Catastrophes cost global insurers more than $20 billion (15 billion euros) in just the first six months of 2013, including $17 billion for natural disasters alone, Switzerland-based reinsurance giant Swiss Re said on Wednesday. While the insurance bill is
Published 22 Aug, 2013 12:00am
APGMJA demands removal of ban on gold import

APGMJA demands removal of ban on gold import

All Pakistan Gems Merchants and Jewellers Association (APGMJA) threatened to observe strike if the government did not lift ban from gold import. The gold and gems traders demanded of the government to review its decision to remove the restriction it recen
Published 22 Aug, 2013 12:00am
'KMC facing severe financial crisis'

'KMC facing severe financial crisis'

Karachi Metropolitan Corporation (KMC) is facing severe financial crises due to paucity of funds which resulted delay in payment of salaries to the employees, said KMC Administrator Saqib Soomro while a addressing a news conference at Civic Centre here on
Published 22 Aug, 2013 12:00am
Tackling terrorism: government capable to meet security situation: Nisar

Tackling terrorism: government capable to meet security situation: Nisar

In a retaliatory response to opposition criticism in Senate over a dramatic five hours long stand-off in capital, interior minister Chaudhary Nisar Ali Khan on Wednesday stood his ground, saying the government is fully capable to meet worsening security s
Published 22 Aug, 2013 12:00am
FUUAST announcement

FUUAST announcement

Federal Urdu University of Arts, Science and Technology (FUUAST) has appointed Assistant Professor of Computer Science Dr Kamaran Ahsan as director of Quality Enhancement Cell (QEC). Dr Kamran had also served as Deputy Director QEC for eight month.
Published 22 Aug, 2013 12:00am
Small traders reject new tax form

Small traders reject new tax form

Small traders and cottage industry on Wednesday rejected the new tax form, warning the FBR of resistance if it retained the income tax levy through this form. Talking to Business Recorder on Wednesday, President Karachi chapter of All Pakistan Orga
Published 22 Aug, 2013 12:00am
Punjab sets 1,000 megawatts power generation target in a year

Punjab sets 1,000 megawatts power generation target in a year

Punjab Chief Minister Shahbaz Sharif has set a target of generating 1,000 megawatt electricity within a year and said all concerned departments should work round the clock for achieving the target. He said that the Punjab government will have to take a le
Published 22 Aug, 2013 12:00am
Six killed in Karachi violence

Six killed in Karachi violence

At least six people lost their lives while five others were injured in different incidents of violence in Karachi on Wednesday. According to police and rescue sources, Yousaf, 45 son of Inayatullah was killed by unknown assailants at Al-Asif Square near S
Published 22 Aug, 2013 12:00am
Packages Limited

Packages Limited

Established in 1957, Packages Ltd began as a joint venture between the Ali group of Pakistan and Akerlund and Rausing of Sweden to convert paper and paper board into packaging material for the consumer industry. In 1968 the firm began its expansion by int
Published 22 Aug, 2013 12:00am
Packages Limited

Packages Limited

Established in 1957, Packages Ltd began as a joint venture between the Ali group of Pakistan and Akerlund and Rausing of Sweden to convert paper and paper board into packaging material for the consumer industry. In 1968 the firm began its expansion by int
Published 22 Aug, 2013 12:00am
Cotton futures drop about 4 percent for second day on long liquidation

Cotton futures drop about 4 percent for second day on long liquidation

Cotton futures sank almost 4 percent on Wednesday, on track for the biggest two-day drop in more than a year, as an investor sell-off continued, with losses picking up on sell stops, dealers said. The most-active December cotton contract on ICE Futures US
Published 22 Aug, 2013 12:00am
Shanghai copper flat

Shanghai copper flat

The most-traded December copper contract on the Shanghai Futures Exchange was flat at 52,470 yuan ($8,600) a tonne. In other metals, the global nickel market was in surplus by 74,200 tonnes in the first six months of the year, a monthly bulletin from the
Published 22 Aug, 2013 12:00am
Copper falls on jitters before Fed minutes

Copper falls on jitters before Fed minutes

Copper fell on Wednesday as the dollar strengthened and due to uncertainty across financial markets about the timing of the US retreat from monetary stimulus and the strength of a recovery in top metals consumer China. Volumes were thin on the London Meta
Published 22 Aug, 2013 12:00am
Oil falls, WTI leads decline as crude flows back to Cushing

Oil falls, WTI leads decline as crude flows back to Cushing

Global oil prices slipped on Wednesday, with losses in US crude widening the trans-Atlantic spread for a second day, amid signs that Libyan exports might resume and indications that oil was flowing into the depleted Cushing storage hub. The spread between
Published 22 Aug, 2013 12:00am
Tokyo rubber futures lower

Tokyo rubber futures lower

Benchmark Tokyo rubber futures edged lower on Wednesday with investors hesitant to take major positions as they awaited the minutes from US central bank's latest meeting and clues on its policy outlook. Tokyo Commodity Exchange (TOCOM) futures, which set
Published 22 Aug, 2013 12:00am
Corn and soya slip

Corn and soya slip

Chicago Board of Trade (CBOT) soyabean futures eased on Tuesday after climbing to a two-month high in the previous session, with the market pressured by profit-taking and prospects for a big US soyabean harvest. Corn also sagged from a four-week peak on M
Published 22 Aug, 2013 12:00am
Palm oil edges up

Palm oil edges up

Malaysian palm oil futures edged higher on Wednesday, as a weaker ringgit fuelled hopes of greater export demand, although gains were held in check by a soft soy market. The US soy market edged lower after a tour of the grain belt pegged higher crop yield
Published 22 Aug, 2013 12:00am
ICE coffee at four-year low

ICE coffee at four-year low

Arabica coffee on ICE Futures US settled at a four-year low on Wednesday, falling for the fifth straight day in heavy volume on plentiful global supplies and weakness in Brazil's currency that attracted selling in the world's biggest grower.
Published 22 Aug, 2013 12:00am
Gold turns higher in New York

Gold turns higher in New York

Gold prices rose on Tuesday as the dollar weakened and US Treasury bond yields retreated on lingering uncertainty over when the Federal Reserve will reduce its economic stimulus programme. Gold fell almost 1 percent earlier in the session, then turned hig
Published 22 Aug, 2013 12:00am
Gold eases in Asia

Gold eases in Asia

Gold slipped on Wednesday on uncertainty over whether the US Federal Reserve would begin curbing its commodities-friendly economic stimulus from next month. Investor sentiment towards the precious metal, however, seems to be more positive now than earlier
Published 22 Aug, 2013 12:00am
Gold prices ease ahead of Fed minutes

Gold prices ease ahead of Fed minutes

Gold prices fell on Wednesday, under pressure from gains in the dollar and uncertainty over whether the US Federal Reserve will begin curbing its bullion-friendly economic stimulus next month. Investors are cautiously awaiting the 1800 GMT release of minu
Published 22 Aug, 2013 12:00am
Soya rises

Soya rises

Chicago Board of Trade (CBOT) soyabean futures rose to a two-month high on Wednesday on forecasts for warmer and drier weather that poses a threat to the developing US soyabean crop. "Weather models turned drier and even warmer for next week, and that wil
Published 22 Aug, 2013 12:00am
Gold prices flat

Gold prices flat

Gold was largely flat on Wednesday as traders digested the minutes from the latest Federal Reserve policy meeting which showed few clues about the timing to scale back its bond-buying stimulus. Trading was choppy in a less-liquid afternoon session in New
Published 22 Aug, 2013 12:00am
NA elects 33 standing committees

NA elects 33 standing committees

The National Assembly Wednesday elected as many as 33 standing committees including the Public Accounts Committee (PAC) for various ministries and one special committee on Kashmir, proposed by the government.
Published 22 Aug, 2013 12:00am
Gas theft case: CNG station owner's bail plea dismissed

Gas theft case: CNG station owner's bail plea dismissed

The Lahore High Court here on Wednesday dismissed bail petition of a CNG station owner Malik Nadir Hussain involved in gas theft case. The SNGPL authorities served detection bill of Rs 18.2 million and also imposed fine on applicant after theft of the gas
Published 22 Aug, 2013 12:00am
Sybrid, McDonald's Emirates sign agreement

Sybrid, McDonald's Emirates sign agreement

Sybrid Private Limited, a global Business Process Outsourcing (BPO) company, and McDonald's Emirates on Wednesday signed a comprehensive contact centre agreement for food delivery operations all over the UAE. According to an announcement of Sybrid Private
Published 22 Aug, 2013 12:00am
Growing cases of kidnapping: ministry asked to chalk out strategy

Growing cases of kidnapping: ministry asked to chalk out strategy

Members of the Senate Standing Committee on Interior and Narcotics Control Wednesday expressing concern over the growing cases of kidnapping for ransom across the country, recommended the Ministry of Interior to chalk out a joint strategy in consultation
Published 22 Aug, 2013 12:00am
JI concerned at border violations by India

JI concerned at border violations by India

Ameer, Jamaat-i-Islami, Pakistan, Syed Munawwar Hasan, expressed deep concern over the Indian army bombing in the Skardu sector resulting in the martyrdom of an army Captain and injuries to two soldiers. In a statement here on Wednesday, he said for the l
Published 22 Aug, 2013 12:00am
Islamabad stand-off: Akhtar remanded to police custody

Islamabad stand-off: Akhtar remanded to police custody

An Anti-Terrorism Court (ATC) on Wednesday remanded to Akhtar police custody. Akhtar is accused of providing weapons to Sikandar, a lone gunman who paralysed the capital for over five hours on August 15. Police produced Akhtar before ATC Judge Atiq-ur-Reh
Published 22 Aug, 2013 12:00am
PU announces BA/BSc results

PU announces BA/BSc results

Punjab University on Wednesday announced results of BA/BSc Annual Examination 2013 and a BSc student, Sadaf of Punjab College for Women, Gujranwala got overall first position and obtained 706 marks out of 800. Punjab College of Science Faisalabad's BSc st
Published 22 Aug, 2013 12:00am
Special envoy of Japanese Prime Minister calls on Nawaz

Special envoy of Japanese Prime Minister calls on Nawaz

Prime Minister Nawaz Sharif has said that Pakistan attaches high priority to its relations with Japan and both the countries need to take these relations to further heights as these have been consolidated over the decades. The Prime Minister expressed the
Published 22 Aug, 2013 12:00am
Foreign Contribution Bill, 2013: SECP finalises Recommendations

Foreign Contribution Bill, 2013: SECP finalises Recommendations

The Securities and Exchange Commission of Pakistan (SECP) has finalised recommendations on Foreign Contribution Bill 2013, proposing a foolproof mechanism to regulate the foreign funding to NGOs, institutions and organisations.
Published 22 Aug, 2013 12:00am
HEC confers Best University Teacher Award on 63 faculty members

HEC confers Best University Teacher Award on 63 faculty members

The Higher Education Commission (HEC) Wednesday conferred Best University Teacher Award on 63 faculty members of public and private sector universities in recognition of their efforts for playing an important role for enhancing the academic atmosphere in
Published 22 Aug, 2013 12:00am
Zero-rated sectors: FPCCI seeks removal of anomaly in sales tax regime

Zero-rated sectors: FPCCI seeks removal of anomaly in sales tax regime

Exporters are confused over the levy of sales tax on zero-rated sectors by provincial revenue board/authority, creating legal problems for export-oriented sectors governed under Federal Sales Tax Rules. It is learnt on Wednesday that the Federal Board of
Published 22 Aug, 2013 12:00am
Meezan Bank plans first airtime Sukuk in Q4

Meezan Bank plans first airtime Sukuk in Q4

Meezan Bank plans to arrange the country's first airtime-based Sukuk (Islamic bond), a format favoured by telecommunications operators wishing to tap liquidity in the Islamic capital markets. The local-currency issuance would have a tenor of between five
Published 22 Aug, 2013 12:00am
Meezan Bank plans first airtime Sukuk in Q4

Meezan Bank plans first airtime Sukuk in Q4

Meezan Bank plans to arrange the country's first airtime-based Sukuk (Islamic bond), a format favoured by telecommunications operators wishing to tap liquidity in the Islamic capital markets. The local-currency issuance would have a tenor of between five
Published 22 Aug, 2013 12:00am
Absence of treatment plants hits Punjab mango exports

Absence of treatment plants hits Punjab mango exports

Absence of treatment plants to meet quarantine requirements of foreign buyers is impacting exports of mango from Punjab. To cater to the hungry markets of Australia and Japan, installation of treatment plants, particularly in Multan and Lahore, needs the
Published 22 Aug, 2013 12:00am
LHC CJ extends scope of election liaison cell

LHC CJ extends scope of election liaison cell

The Lahore High Court Chief Justice, Umar Ata Bandial here on Wednesday further extended the scope of Election Liaison Cell to redress the complaints during by-elections. The election control room established at LHC under the supervision of District and S
Published 22 Aug, 2013 12:00am
Chenab at Panjnad likely to be in high flood tomorrow

Chenab at Panjnad likely to be in high flood tomorrow

The Flood Forecasting Division has issued red alert that the River Chenab at Panjnad is likely to attain medium to high flood level ranging between 275000 to 325000 cusecs from August 23 to 24, in Bahawalpur / Rahimyar Khan districts on the border of Sind
Published 22 Aug, 2013 12:00am
NA-5, Nowshera-I: PTI, ANP candidates heading for tough contest

NA-5, Nowshera-I: PTI, ANP candidates heading for tough contest

The candidates of Pakistan Tehrik-e-Insaf (PTI) and Awami National Party (ANP) on NA-5, Nowshera-I are heading for a tough electoral contest in the by-elections scheduled for Thursday (today). The seat was vacated by Chief Minister, General Secretary, PTI
Published 22 Aug, 2013 12:00am
Students, teachers furious over US 'terrorist' tag

Students, teachers furious over US 'terrorist' tag

Students and teachers at a Madrassah designated as a "terrorist training centre" by the United States furiously rebutted the charges Wednesday and said they had not had a chance to defend themselves against the accusations. The US Treasury imposed economi
Published 22 Aug, 2013 12:00am
Measures taken to curb grey trafficking: PTA

Measures taken to curb grey trafficking: PTA

Pakistan Telecommunication Authority (PTA) has claimed to have taken numerous measures to curb the menace of grey trafficking that is resulting in huge revenue losses to the exchequer. According to the official documents available with Business Recorde
Published 22 Aug, 2013 12:00am
Cop killed in encounter, another hurt

Cop killed in encounter, another hurt

A constable Mumtaz Ahmed was killed and another cop Mubarak Ali injured when Police raided at Eisan Wala to arrest a notorious criminal Javed Lashari who was involved in a number of murders, robberies and other crimes. The police were tipped off that Jave
Published 22 Aug, 2013 12:00am
Qurratulain Hyder remembered

Qurratulain Hyder remembered

Qurratulain Hyder, an influential Urdu novelist and short story writer, and a journalist remembered on Wednesday on her death anniversary. Hyder was born on January 20 1926, in Aligarh, Uttar Pradesh. She is one of the most outstanding literary names in U
Published 22 Aug, 2013 12:00am
Chinese engineers assured of foolproof security

Chinese engineers assured of foolproof security

Federal Secretary Communications Muhammad Arshad Bhatti said under the directives of Prime Minister Nawaz Sharif foolproof security will be provided to the Chinese engineers. In this connection an agreement has been struck between Inspector General of Pol
Published 22 Aug, 2013 12:00am
Khyber Pakhtunkhwa to establish two modern mega cities

Khyber Pakhtunkhwa to establish two modern mega cities

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has said that two mega cities of international standards with all the facilities of modern lifestyle are being established on Motorway M-1 near Colonel Sher Khan Shaheed Interchange and at Abbottabad.
Published 22 Aug, 2013 12:00am
UNDP holds seminar to highlight importance of RTI law

UNDP holds seminar to highlight importance of RTI law

United Nations Development Programme (UNDP) organised a seminar on Right to Information (RTI) Ordinance here at Peshawar Press Club (PPC) to highlight the importance of this law. Secretary of Information, Khyber Pakhtunkhwa, Azmat Hanif Orakzai, who is al
Published 22 Aug, 2013 12:00am
Couple killed in Bolan

Couple killed in Bolan

A couple who entered into love marriage two months ago was killed by their relatives in Balanarri area here on Wednesday. According to Levies sources, a girl and a boy entered wedlock through court marriage against their parents' consent. Their relatives
Published 22 Aug, 2013 12:00am
Government of Pakistan Market Treasury Bills

Government of Pakistan Market Treasury Bills

Tenders for Sale of 3-Month, 6-Month & 12-Month Government of Pakistan Market Treasury Bills were invited by the State Bank of Pakistan, Karachi through Primary Dealers on August 21, 2013. Bids were opened at 12:00 hours on August 21, 2013 which was recei
Published 22 Aug, 2013 12:00am
Government of Pakistan Market Treasury Bills

Government of Pakistan Market Treasury Bills

Tenders for Sale of 3-Month, 6-Month & 12-Month Government of Pakistan Market Treasury Bills were invited by the State Bank of Pakistan, Karachi through Primary Dealers on August 21, 2013. Bids were opened at 12:00 hours on August 21, 2013 which was recei
Published 22 Aug, 2013 12:00am
Flood threats: DCs asked to get katcha areas evacuated

Flood threats: DCs asked to get katcha areas evacuated

The Divisio-nal Commissioner Hyderabad Jamal Mustafa Syed has directed the Deputy Commissioners of the districts along Indus River to warn the people residing in katcha areas (river-bed) to evacuate and move to safer places immediately. In his order, issu
Published 22 Aug, 2013 12:00am
DGI&I accused of harassing importers

DGI&I accused of harassing importers

Directorate General Intelligence and Investigation (DGI&I), which is supposed to be a watchdog to prevent tax evasion and corruption, was reportedly involved in harassing importers for undue gains; it was learnt here on Wednesday. According to sources, th
Published 22 Aug, 2013 12:00am
NIB Bank''s first half results announced

NIB Bank''s first half results announced

NIB Bank announced financial results for the H1 2013 on Wednesday. Importantly, the Bank has posted a H1 2013 revenue of Rs 2.96 billion, representing not only a 21 per cent growth over H1 2012 but an impressive revenue growth in the last six quarters. Th
Published 22 Aug, 2013 12:00am
NIB Bank's first half results announced

NIB Bank's first half results announced

NIB Bank announced financial results for the H1 2013 on Wednesday. Importantly, the Bank has posted a H1 2013 revenue of Rs 2.96 billion, representing not only a 21 per cent growth over H1 2012 but an impressive revenue growth in the last six quarters. Th
Published 22 Aug, 2013 12:00am
NIB Bank's first half results announced

NIB Bank's first half results announced

NIB Bank announced financial results for the H1 2013 on Wednesday. Importantly, the Bank has posted a H1 2013 revenue of Rs 2.96 billion, representing not only a 21 per cent growth over H1 2012 but an impressive revenue growth in the last six quarters. Th
Published 22 Aug, 2013 12:00am
Minor girl electrocuted

Minor girl electrocuted

A minor girl was electrocuted when her head touches the electric wire here on Wednesday. According to the police sources, deceased was identified as Faiza Kousar d/o Bashir (10). Deputy Commissioner, Masood-ur-Rahman on the spot paid compensation of Rs 15
Published 22 Aug, 2013 12:00am
ICAP-ICMAP best corporate report awards today

ICAP-ICMAP best corporate report awards today

The Institute of Chartered Accountants of Pakistan (ICAP) and the Institute of Cost and Management Accountants of Pakistan (ICMAP) have been awarding the best corporate report awards for more than a decade. This award has been instrumental in encouraging
Published 22 Aug, 2013 12:00am
Telenor sponsoring Digital Punjab Conference on August 24

Telenor sponsoring Digital Punjab Conference on August 24

In line with its vision to help empower digital generation in the country, Telenor Pakistan is sponsoring Digital Punjab Conference being organised by the Lahore Chamber of Commerce and Industry (LCCI) on August 24 at Expo Centre Punjab. The conference is
Published 22 Aug, 2013 12:00am
PJBF hosts joint meeting of Bilateral Forums

PJBF hosts joint meeting of Bilateral Forums

Pakistan-Japan Business Forum (PJBF) hosted a meeting by inviting the heads of other Bilateral Forums to discuss and initiate measures to address the issues related to trade and investments by their respective countries. Sohail P Ahmed, Chairman of PJBF s
Published 22 Aug, 2013 12:00am
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