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May 30, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2014-09-03
Inflation in leading economies slows

Inflation in leading economies slows

Inflation in advanced democracies slowed in the year to July but was well above the eurozone level now flirting with deflation, OECD data showed on Tuesday. Inflation across the OECD 34 members was 1.9 percent in the year to July from 2.1 percent in June.
Published 03 Sep, 2014 12:00am
Cheap energy pulls down eurozone producer prices drop

Cheap energy pulls down eurozone producer prices drop

A drop in the highly volatile energy prices depressed euro zone producer prices in July as expected, underlining disinflationary pressures in the single currency area ahead of the European Central Bank's monetary policy meeting on Thursday. Prices at fact
Published 03 Sep, 2014 12:00am
Britain rejects London mayor's 'Boris Island' airport plan

Britain rejects London mayor's 'Boris Island' airport plan

A plan to build a major new airport to the east of London was rejected by a government-appointed commission on Tuesday, dealing a blow to its high-profile backer, the city's mayor Boris Johnson. The Airports Commission said having dropped the idea of buil
Published 03 Sep, 2014 12:00am
Portugal bank got Goldman Sachs loan before collapse

Portugal bank got Goldman Sachs loan before collapse

Goldman Sachs stands to lose money on a multi-million euro loan it made to one of Portugal's largest banks a month before it collapsed, the Wall Street Journal reported on Tuesday. The US investment bank made the $835-million (635-million-euro) loan in Ju
Published 03 Sep, 2014 12:00am
Modi courts investors during Japan trip

Modi courts investors during Japan trip

Indian Prime Minister Narendra Modi on Tuesday sought to reassure investors that his reformist agenda would translate into better governance for Asia's third-largest economy. During an official visit to Japan, the Indian leader told business leaders in To
Published 03 Sep, 2014 12:00am
Manufacturing, construction data point to sturdy US growth

Manufacturing, construction data point to sturdy US growth

US manufacturing activity hit a nearly 3-1/2-year high last month and construction spending rebounded strongly in July, signs the economy entered the third quarter on strong footing. Tuesday's upbeat data added to reports on employment and housing that ha
Published 03 Sep, 2014 12:00am
Egypt's bourse rises on real estate; Saudi, Dubai pull back

Egypt's bourse rises on real estate; Saudi, Dubai pull back

Egypt's bourse outperformed an otherwise sluggish region on Tuesday on the back of property firms and other bluechips, while banks dragged down Saudi Arabia after the kingdom's central bank tightened consumer lending regulations. The Cairo index rose 1.8
Published 03 Sep, 2014 12:00am
Tokyo stocks climb

Tokyo stocks climb

Tokyo stocks closed at their highest level in over seven months on Tuesday with the benchmark Nikkei index adding 1.24 percent as a sharp drop in the yen lifted exporter shares. The Nikkei rose 192.00 points to 15,668.60, its best finish since late Januar
Published 03 Sep, 2014 12:00am
Sri Lankan stocks slip

Sri Lankan stocks slip

Sri Lankan stocks slipped for a second straight session on Tuesday, moving further away from a more than three-year high hit on Friday, led by conglomerate John Keells Holdings Plc and Dialog Axiata Plc. The main stock index fell 0.09 percent, or 6.07 poi
Published 03 Sep, 2014 12:00am
South East Asian markets higher

South East Asian markets higher

Southeast Asian stock markets rose on Tuesday amid inflows into selected large caps, with the Philippine index extending its gains for a second day, the Indonesian benchmark climbing to a near two-week high and the Thai key index hitting a 15-month high.
Published 03 Sep, 2014 12:00am
Hong Kong stocks flat, China jumps

Hong Kong stocks flat, China jumps

Hong Kong shares ended flat Tuesday as early gains were pared by profit-taking, while investors are also concerned about the state of the Chinese economy. The Hang Seng Index edged down 3.07 points to 24,749.02 on turnover of HK$70.56 billion ($9.10 billi
Published 03 Sep, 2014 12:00am
India's BSE index surges past 27,000 mark

India's BSE index surges past 27,000 mark

India's benchmark BSE index on Tuesday surged past the psychologically key level of 27,000 to a third consecutive record high as bluechips such as HDFC Bank gained after recent data raised hopes about the economy. The BSE milestone comes a day after the b
Published 03 Sep, 2014 12:00am
Weaker healthcare stocks weigh on European equities

Weaker healthcare stocks weigh on European equities

A fall in major healthcare stocks, after drugmaker AstraZeneca tried to play down speculation about a new bid from Pfizer, pegged back European stock markets on Tuesday. Equity investors were also cautious pending any clues on policy from the European Cen
Published 03 Sep, 2014 12:00am
Taiwan stocks edge lower

Taiwan stocks edge lower

Taiwan stocks fell 0.66 percent in morning trade on Tuesday, largely in line with other regional bourses as further uncertainties over Europe's economic situation kept investors skittish. As of 0155 GMT, the main TAIEX index was down 62.91 points at 9,450
Published 03 Sep, 2014 12:00am
Australian shares up

Australian shares up

Australian shares gave up early losses to finish 0.51 percent higher on Tuesday helped by solid building approvals data and a better-than-expected balance of payments, while after the central bank left monetary policy unchanged. The Reserve Bank of Austra
Published 03 Sep, 2014 12:00am
FTSE steadies near two-month high, miners up

FTSE steadies near two-month high, miners up

Britain's top share index steadied near a two-month high on Tuesday, with some caution before the European Central Bank's policy meeting on Thursday offsetting a rally in miners prompted by stronger metals prices. Basic resources stocks were the biggest g
Published 03 Sep, 2014 12:00am
Indian rupee stays weak for fourth day

Indian rupee stays weak for fourth day

The Indian rupee weakened for a fourth consecutive session on Tuesday, dropping the most in three weeks, tracking weaker Asian currencies amid caution ahead of key events including a European Central Bank meeting and US monthly jobs data. Data showing the
Published 03 Sep, 2014 12:00am
Dollar tests 2014 high against yen in Asia

Dollar tests 2014 high against yen in Asia

The dollar took advantage of thin conditions to overcome an options barrier and ascend to its highest level since January against the yen on Tuesday, while the languishing euro plumbed one-year lows against the greenback on expectations of easier euro zon
Published 03 Sep, 2014 12:00am
Early trade in New York: euro hits one-year low versus dollar

Early trade in New York: euro hits one-year low versus dollar

The euro sagged on Tuesday to fresh one-year lows against the dollar on bets the European Central Bank will do more to help a wobbly euro zone economy, while the pound fell to a near five-month low versus the greenback on worries about a Scottish secessio
Published 03 Sep, 2014 12:00am
Dollar jumps against yen, euro struggles in London

Dollar jumps against yen, euro struggles in London

The dollar hit its highest since January against the yen on Tuesday while a struggling euro sank to a one-year low against the greenback on expectations of a more aggressive easing programme in the euro zone. The European Central Bank will hold a policy m
Published 03 Sep, 2014 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Inter-bank buy/sell rates for the taka against the dollar on Tuesday. 77.40-77.40 (previous 77.40-77.40). Call Money Rates: 05.50-06.75 percent (Previous 05.45-06.75 percent). ( revised).
Published 03 Sep, 2014 12:00am
Sri Lankan rupee steady

Sri Lankan rupee steady

The Sri Lankan rupee ended little changed against the dollar on Tuesday as inward remittances and sales of the greenback by exporters offset demand from importers, dealers said. They expect the local currency to remain steady for the rest of the year afte
Published 03 Sep, 2014 12:00am
Ringgit leads Asia FX losses

Ringgit leads Asia FX losses

The Malaysian ringgit led losses among emerging Asian currencies on Tuesday as the dollar's broad strength caused investors to book profits from recent gains in the regional units against the greenback. Offshore funds sold the ringgit and the South Korean
Published 03 Sep, 2014 12:00am
Australian dollar dips

Australian dollar dips

The Australian and New Zealand dollars lost some ground versus a broadly stronger US dollar on Tuesday, while the Reserve Bank of Australia (RBA) offered no surprise in its monthly policy statement and refrained from talking down the currency. The Austral
Published 03 Sep, 2014 12:00am
Sterling falls, implied volatility jumps

Sterling falls, implied volatility jumps

Sterling fell against both the euro and the dollar on Tuesday, coming under pressure as support for Scottish independence rose dramatically with less than three weeks to go before a referendum that poses considerable risk for the currency. The cost of hed
Published 03 Sep, 2014 12:00am
Ivory Coast approves match amid Ebola fears

Ivory Coast approves match amid Ebola fears

The Ivory Coast government on Tuesday relented and agreed to let the national football team play an Africa Cup of Nations match against Sierra Leone that it had banned because of Ebola virus fears. Ivory Coast had been warned they could be excluded from t
Published 03 Sep, 2014 12:00am
English clubs lead the way in summer spending spree

English clubs lead the way in summer spending spree

English Premier League soccer clubs spent a record 835 million pounds ($1.4 billion) on hiring players during the summer transfer window as they reinvested cash from the latest round of broadcast deals. That total was almost double the 425 million paid ou
Published 03 Sep, 2014 12:00am
Kabir Khan resigns as Afghanistan coach

Kabir Khan resigns as Afghanistan coach

Afghanistan's cricket coach resigned Tuesday, saying the job was putting too much strain on his family, dealing the side a major blow in its preparations for next year's World Cup. Kabir Khan, who played four Tests and 10 one-day internationals for Pakist
Published 03 Sep, 2014 12:00am
Serena reaches quarters, sick Bouchard out

Serena reaches quarters, sick Bouchard out

Five-time champion Serena Williams reached her first Grand Slam quarter-final of 2014 at the US Open Monday but Canadian poster girl Eugenie Bouchard, struggling in the heat and humidity, was knocked out. World number one Williams, the two-time defending
Published 03 Sep, 2014 12:00am
Djokovic, Murray book blockbuster quarter-final

Djokovic, Murray book blockbuster quarter-final

Former champions Novak Djokovic and Andy Murray booked a tantalizing US Open quarter-final duel on Monday with straight-sets fourth-round victories. World number one and top seed Djokovic didn't let Philipp Kohlschreiber stand in the way of another Grand
Published 03 Sep, 2014 12:00am
Oldest former Test cricketer Gordon dies

Oldest former Test cricketer Gordon dies

South African Norman Gordon, who was the oldest former Test cricketer, died Tuesday aged 103 in Johannesburg. The former fast bowler played in the famous 'timeless' 1939 Durban Test, which lasted 10 days before being drawn because England had to catch a b
Published 03 Sep, 2014 12:00am
Schweinsteiger named Germany captain

Schweinsteiger named Germany captain

Bayern Munich midfielder Bastian Schweinsteiger was on Tuesday named the new captain of world champions Germany by manager Joachim Loew. Loew turned to the 30-year-old to succeed Philipp Lahm, who stepped down from international duty after skippering Germ
Published 03 Sep, 2014 12:00am
McGrath to train India's fast bowlers

McGrath to train India's fast bowlers

Australian great Glenn McGrath said on Tuesday he had signed up to guide India's current and future fast bowlers for the next five years, giving a boost to the country's young talent. McGrath will train the likes of Umesh Yadav and Varun Aaron alongside p
Published 03 Sep, 2014 12:00am
Australia beat South Africa, reach triangular series final

Australia beat South Africa, reach triangular series final

An eye-catching all-round performance by Mitchell Marsh carried Australia to a 62-run victory over South Africa on Tuesday to secure their place in the triangular series final. Marsh struck a brutal 86 not out from 51 balls to boost the Australian total t
Published 03 Sep, 2014 12:00am
Rahane seals India rout of England

Rahane seals India rout of England

Ajinkya Rahane's maiden one-day international hundred set the seal on a crushing nine-wicket series-clinching win over England in the fourth ODI at Edgbaston on Tuesday. Victory saw world champions India take an unbeatable 3-0 lead in the five-match serie
Published 03 Sep, 2014 12:00am
Misbah offers mea culpa after Sri Lanka disaster

Misbah offers mea culpa after Sri Lanka disaster

Pakistan's cricket captain Misbah-ul Haq on Tuesday admitted his failure with the bat was a "big factor" in his team's disastrous tour of Sri Lanka. Pakistan were beaten 2-0 in the Tests and lost the three match one-day series 2-1 in August. Veteran Misba
Published 03 Sep, 2014 12:00am
Hong Kong pro-democracy group admits likely defeat

Hong Kong pro-democracy group admits likely defeat

Organisers of a pro-democracy group who vowed to take over Hong Kong's streets admitted Tuesday they were powerless to change China's plan to vet candidates for the city's next leader, but said their protest would go ahead. The admission came after activi
Published 03 Sep, 2014 12:00am
Home Depot possible hacking victim

Home Depot possible hacking victim

US home improvement chain Home Depot said Tuesday it was investigating a possible attempt to hack its computer systems that may have targeted customer data. The company said it was working with law enforcement officials to determine if there was a breach,
Published 03 Sep, 2014 12:00am
Turkey hosts Internet forum despite 'abysmal' record

Turkey hosts Internet forum despite 'abysmal' record

Turkey on Tuesday began hosting a major UN-backed forum on Internet governance despite criticism of its "abysmal" record for limiting Internet rights. The Internet Governance Forum (IGF) is an annual global gathering that aims to bring together government
Published 03 Sep, 2014 12:00am
Europe farmers 'not to get full Russian sanction compensation'

Europe farmers 'not to get full Russian sanction compensation'

Germany's agriculture minister warned on Tuesday that European farmers hit by a Russian import ban would not receive full compensation, ahead of talks with his French and Polish counterparts. "Compensation in the sense of support, yes. To better get a gri
Published 03 Sep, 2014 12:00am
Iran has 'ideas' on how to reach nuclear deal

Iran has 'ideas' on how to reach nuclear deal

Iran has plenty of ideas on how to reach a nuclear deal with world powers before a November 24 deadline, Tehran's lead negotiator said Tuesday during a visit to France. "We are serious, determined and we have ideas for each and every problem which exists
Published 03 Sep, 2014 12:00am
US targets Shebab leader in Somalia air strike

US targets Shebab leader in Somalia air strike

US forces have carried out air strikes against the leader of Somalia's al Qaeda-linked Shebab rebels, with casualties reported but uncertainty hanging over the fate of the main target, officials said Tuesday. The Pentagon confirmed an "operation" was carr
Published 03 Sep, 2014 12:00am
Eleven dead, 27 missing in China rainstorms

Eleven dead, 27 missing in China rainstorms

Eleven people died and 27 others are missing after torrential rains battered southwest China's Chongqing municipality, causing thousands of houses to collapse, state media said late Tuesday. Nearly 40,000 people have been evacuated from their homes, the o
Published 03 Sep, 2014 12:00am
Chile fines British-South African copper mine $4.5 million

Chile fines British-South African copper mine $4.5 million

Chilean authorities Tuesday fined mining giant Anglo American Sur $4.5 million dollars for violating environmental rules at its El Soldado copper mine. They said the British-South African-owned mining company committed the violations in 2013. "They were r
Published 03 Sep, 2014 12:00am
Scotland Yard put up for sale

Scotland Yard put up for sale

A piece of criminal history can be yours for £250 million (315 million euros, $412 million) - London's world-famous Scotland Yard police force put its headquarters up for sale Tuesday. The 22-storey, 600,000-square-foot (56,000-square-metre) office block,
Published 03 Sep, 2014 12:00am
British police apologise to singer

British police apologise to singer

British police apologised to veteran singer Cliff Richard on Tuesday over the handling of a search of his property during an investigation into a sex crime allegation. The BBC filmed the search by helicopter after police informed them in advance when it w
Published 03 Sep, 2014 12:00am
Record 4.1 million in Syria got food aid

Record 4.1 million in Syria got food aid

A record 4.1 million people in Syria received food rations in August due to more convoys being able to cross front lines and borders from Turkey and Jordan, the UN's World Food Programme (WFP) said on Tuesday. "We are reaching more people every day with u
Published 03 Sep, 2014 12:00am
Dutch foreign minister named for EU Commission job

Dutch foreign minister named for EU Commission job

The Netherlands has named Foreign Minister Frans Timmermans as its candidate to be a commissioner in the new administration of EU President Jean-Claude Juncker, Dutch Prime Minister Mark Rutte said Tuesday. "The cabinet has nominated Frans Timmermans as t
Published 03 Sep, 2014 12:00am
Radioactive material goes missing in Kazakhstan

Radioactive material goes missing in Kazakhstan

Authorities in Kazakhstan are on high alert after a container holding the highly radioactive and dangerous substance caesium-137 disappeared in the west of the country, police said Tuesday. A police spokesman for the Mangistau region said the material - u
Published 03 Sep, 2014 12:00am
Japanese scientists unveil asteroid hunting probe

Japanese scientists unveil asteroid hunting probe

Japanese space scientists have unveiled the asteroid hunting space probe they hope to launch later this year on a mission to mine a celestial body. The probe, named Hayabusa-2, is expected to be flung into space on a rocket for a mammoth four year voyage
Published 03 Sep, 2014 12:00am
Candidates may submit scrutiny forms from today

Candidates may submit scrutiny forms from today

Candidates having appeared in Intermediate (Pre-Engineering/Science) or Intermediate (General) Examination 2014, conducted by Board of Intermediate Education-Karachi (BIE-K) and desire to get scrutinised their answer sheets following recent announcement o
Published 03 Sep, 2014 12:00am
Transfers, postings of 11 judicial officers

Transfers, postings of 11 judicial officers

Chief Justice of the Lahore High Court made transfers and postings among eleven judicial officers. According to a notification issued here on Tuesday Additional District and Sessions Judge (AD&SJ) Muhammad Iqbal Goraya has been transferred from Sammundari
Published 03 Sep, 2014 12:00am
RCB to place 150 new trash trolleys

RCB to place 150 new trash trolleys

The Rawalpindi Cantonment Board (RCB) in its effort to provide better sanitary environment to the residents will place 150 new trash trolleys at garbage collection points in different localities of the Cantonment. Cantt Executive Officer (CEO) Faheem Zafa
Published 03 Sep, 2014 12:00am
Communication Design category LG gets 9 Red Dot Awards

Communication Design category LG gets 9 Red Dot Awards

LG Electronics (LG) took home a total of nine Red Dot Awards in the Communication Design category. Among these, Smart Keyboard, Knock Code TM and the graphic user interface (GUI) in the acclaimed LG G3 smart-phone received "Best of the Best" awards.
Published 03 Sep, 2014 12:00am
SHC grants stay on recruitments in E&T Department

SHC grants stay on recruitments in E&T Department

The Sindh High Court has granted a stay order against recent recruitment in the Sindh Excise and Taxation (E&T) Department. The higher court had also sought explanation from the Sindh Chief Secretary and E&T Director. The higher court passed this order wh
Published 03 Sep, 2014 12:00am
Windmill projects: COO Nordex briefs Pakistani ambassador

Windmill projects: COO Nordex briefs Pakistani ambassador

Chief Operating Officer (COO) of Nordex, Lars Bondo Krogsgaard has briefed Pakistan ambassador in Berlin, Germany Syed Hasan Javed about windmill projects being executed in Pakistan in collaboration with the local partners to augment energy shortfall.
Published 03 Sep, 2014 12:00am
PIAF-Founder Alliance opens election office

PIAF-Founder Alliance opens election office

The PIAF-Founder Alliance has inaugurated its election office for election campaign for the Lahore Chamber of Commerce and Industry (LCCI) elections 2014. The Alliance leaders Mian Anjum Nisar, Mian Muhammad Ashraf, Shahzada Alam Mannu, and Tahir Javed Ma
Published 03 Sep, 2014 12:00am
Attock Petroleum Limited

Attock Petroleum Limited

Higher petroleum sales have positively affected the oil marketing companies (OMCs) like Attock Petroleum Limited, especially after the settlement of the circular debt in the latter half of 2013. The Attock Petroleum Limited (APL) was incorporated in 1998.
Published 03 Sep, 2014 12:00am
Attock Petroleum Limited

Attock Petroleum Limited

Higher petroleum sales have positively affected the oil marketing companies (OMCs) like Attock Petroleum Limited, especially after the settlement of the circular debt in the latter half of 2013. The Attock Petroleum Limited (APL) was incorporated in 1998.
Published 03 Sep, 2014 12:00am
Oreo biscuits sales cross Rs one billion in 10 months

Oreo biscuits sales cross Rs one billion in 10 months

Oreo, the world's favourite biscuit has become an overwhelming success in the Pakistan market as it crossed the sales mark of one billion rupees in just ten months. Continental Biscuits Ltd (CBL), the makers in Pakistan of the LU brand of biscuits and an
Published 03 Sep, 2014 12:00am
Oreo biscuits sales cross Rs one billion in 10 months

Oreo biscuits sales cross Rs one billion in 10 months

Oreo, the world's favourite biscuit has become an overwhelming success in the Pakistan market as it crossed the sales mark of one billion rupees in just ten months. Continental Biscuits Ltd (CBL), the makers in Pakistan of the LU brand of biscuits and an
Published 03 Sep, 2014 12:00am
IGP's assurance to KCCI

IGP's assurance to KCCI

The Inspector General of Police, Sindh, Ghulam Haider Jamali, has said efforts were being made to provide conducive business environment so that local and foreign investors should give preference to invest in Karachi. Speaking at a meeting of Karachi Cham
Published 03 Sep, 2014 12:00am
Zaib made Qesco Deputy Manager

Zaib made Qesco Deputy Manager

Aurang Zaib Khosa assumed charge as Deputy Manager Admin in Quetta Electricity Supply Company (Qesco). It was said in an officially notification by QESCO on Tuesday.
Published 03 Sep, 2014 12:00am
City School PAF Chapter: Japanese CG holds 'school visit programme'

City School PAF Chapter: Japanese CG holds 'school visit programme'

The Consulate-General of Japan at Karachi on August 28, arranged a school visit programme for City School PAF Chapter, Karachi. The school visit programme by the Consulate-General of Japan is designed to introduce Japan and Japanese culture to Pakistani s
Published 03 Sep, 2014 12:00am
KMC to computerise all record, linkage with IT department

KMC to computerise all record, linkage with IT department

In a bid to respond citizens' complaints, the Karachi Metropolitan Corporation (KMC) has decided to expedite computerisation of all departmental records of KMC and its linkage with the central system of IT Department. In this connection, the Administrator
Published 03 Sep, 2014 12:00am
Lucky Cement records Rs 11.34 billion highest-ever PAT

Lucky Cement records Rs 11.34 billion highest-ever PAT

Lucky Cement Limited recorded its highest ever profit after tax of Rs 11.344 billion for the year ending June 30, which is 16.4 percent higher than last year's net profit of Rs 9.748 billion. The cement giant announced a cash dividend of Rs 9 per share as
Published 03 Sep, 2014 12:00am
Lucky Cement records Rs 11.34 billion highest-ever PAT

Lucky Cement records Rs 11.34 billion highest-ever PAT

Lucky Cement Limited recorded its highest ever profit after tax of Rs 11.344 billion for the year ending June 30, which is 16.4 percent higher than last year's net profit of Rs 9.748 billion. The cement giant announced a cash dividend of Rs 9 per share as
Published 03 Sep, 2014 12:00am
First-ever 'cargo express' train inaugurated

First-ever 'cargo express' train inaugurated

The first ever 'cargo express' train after revamping the Railway's falling system was inaugurated here on Tuesday. Additional General Manager, Pakistan Railways Mehmood-ul-Hassan alongwith other officers performed formal inauguration of Cargo Express whic
Published 03 Sep, 2014 12:00am
NBP posts Rs 8.13 billion profit after tax

NBP posts Rs 8.13 billion profit after tax

National Bank of Pakistan has yet again surpassed analyst expectations by posting stellar half-yearly results for the year 2014. NBP posted profit after tax (PAT) of Rs 8.13 billion, translating into earnings per share (EPS) of Rs 3.82, showing 42 percent
Published 03 Sep, 2014 12:00am
NBP posts Rs 8.13 billion profit after tax

NBP posts Rs 8.13 billion profit after tax

National Bank of Pakistan has yet again surpassed analyst expectations by posting stellar half-yearly results for the year 2014. NBP posted profit after tax (PAT) of Rs 8.13 billion, translating into earnings per share (EPS) of Rs 3.82, showing 42 percent
Published 03 Sep, 2014 12:00am
AMANTECH joins hands with IBA Sukkur

AMANTECH joins hands with IBA Sukkur

AMANTECH proudly announces a partnership with IBA Sukkur to establish vocational trades at their Khairpur and NowsheroFeroze community colleges. As part of this partnership, AMANTECH is happy to announce its first Model Implementation project with IBA Suk
Published 03 Sep, 2014 12:00am
Nadra's clarification

Nadra's clarification

This refers to the news item published in Business Recorder on September 2 captioned "TI-Pakistan lodges complaint against Nadra". "This is to clarify that no illegal procurement has been made by NADRA with regard to Safe City Islamabad Project. Wh
Published 03 Sep, 2014 12:00am
PTCL introduces Nitro Cloud Share device

PTCL introduces Nitro Cloud Share device

Pakistan Telecommunication Company Limited (PTCL) has introduced its new EVO Nitro Cloud Share device which provides powerful wireless connectivity and data sharing over WiFi. The sleek and portable battery powered hotspot connects to multiple WiFi device
Published 03 Sep, 2014 12:00am
Call for enforcement of laws to control counterfeit goods

Call for enforcement of laws to control counterfeit goods

A strict and forceful enforcement of existing laws is needed to control the proliferation of counterfeit products which put human lives at risk. Proliferation of fake and modified goods is not only hurting the consumers and genuine producers of goods, it
Published 03 Sep, 2014 12:00am
ANF seizes 3534kg of Charas, arrests 5 persons

ANF seizes 3534kg of Charas, arrests 5 persons

ANF recovered 3534-kg Charas, 19-Kg Heroin and 2.4-kg Opium in 6 different operations launched at Islamabad, Lahore, Haripur, Sukkur, Qilla Abdullah and Turbat, besides apprehending five persons. According to details, ANF Quetta in intelligence led operat
Published 03 Sep, 2014 12:00am
Chinese scholars attach high importance to President Xi's visit

Chinese scholars attach high importance to President Xi's visit

Chinese scholars and members of think-tanks are attaching high importance to President Xi Jinping's forthcoming visit to Pakistan and believe the visit will be another milestone in the development of their bilateral ties, particularly addressing common ch
Published 03 Sep, 2014 12:00am
OS to reduce revenue loss due to grey traffic on the anvil

OS to reduce revenue loss due to grey traffic on the anvil

An operative system (OS) is being designed to collect and analyse data from various sources and provide effective solutions to reduce loss of revenue incurred due to grey traffic. The system will consist of four major building blocks whose purpose will be
Published 03 Sep, 2014 12:00am
Sukkur DCs asked to collect agriculture, revenue taxes

Sukkur DCs asked to collect agriculture, revenue taxes

Commissioner Sukkur Muhammad Abbas Baloch on Tuesday directed all the Deputy Commissioners (DCs) of Sukkur division to collect agricultural and revenue taxes by achieving the target and pay full attention to cleanliness and development schemes in the dist
Published 03 Sep, 2014 12:00am
PTI workers: petition dismissed against alleged detention

PTI workers: petition dismissed against alleged detention

The Lahore High Court here on Tuesday dismissed a petition against alleged detention of PTI workers in different districts of Punjab. Justice Ijazul Ahsan took up the petition as objection case and observed that objection made on the maintainability of th
Published 03 Sep, 2014 12:00am
Disqualification of Dasti: LHC overrules office objection

Disqualification of Dasti: LHC overrules office objection

The Lahore High Court here on Tuesday overruled an objection put by the court office on a petition demanding disqualification of Member of National Assembly Jamshed Ahmad Dasti. Justice Shams Mahmood Mirza took up the petition as an "objection case" and s
Published 03 Sep, 2014 12:00am
Education Sindh chief minister orders allocation of additional funds

Education Sindh chief minister orders allocation of additional funds

Sindh Chief Minister Syed Qaim Ali Shah has directed the Finance Department to allocate additional funds in Maintenance and Repair (M&R) head of the Education Sector in the forthcoming fiscal year 2014-15. He also directed for establishment of Sindh Educa
Published 03 Sep, 2014 12:00am
Training session on 'IRCA Auditor Course of ISO Standard' held

Training session on 'IRCA Auditor Course of ISO Standard' held

TUV Austria Bureau of Inspection and Certification (Pvt) Ltd organised a five-day training session on "IRCA Registered Lead Auditor Course of ISO 9001:2008 Standard" here on Tuesday. The Quality Management System Instructors Shiraz Majeed and Khawar Zubai
Published 03 Sep, 2014 12:00am
Workshop

Workshop

A week-long workshop on Designing Interactive Learning Applications commenced at Information Technology University (ITU). This workshop puts together pedagogy, technology, multimedia, innovation, entrepreneurship, art, drama and story-telling to give part
Published 03 Sep, 2014 12:00am
Transfers, postings in LDA

Transfers, postings in LDA

Lahore Development Authority (LDA) carried transfers and postings on Tuesday. According to a LDA's spokesperson, LDA Director General Ahad Khan Cheema ordered transfer and postings of three Deputy Directors. Mehfooz-ul-Haq, working in Directorate of Katch
Published 03 Sep, 2014 12:00am
Heavy rainfall, flash flood predicted

Heavy rainfall, flash flood predicted

In a significant weather forecast, the Meteorological department has said that heavy rainfall is expected at isolated places in Mirpurkhas, Sukkur, Bahawalpur, Sibbi, Naseerabad divisions from Wednesday to Thursday. It further stated that heavy rainfall i
Published 03 Sep, 2014 12:00am
Ufone launches 3G-based activity management system for CDA

Ufone launches 3G-based activity management system for CDA

Ufone, with its mission of penetrating technology in Pakistan and empowering institutions through their 3G technology base, has recently launched a 3G based activity management system for Capital Development Authority (CDA). The project will allow CDA man
Published 03 Sep, 2014 12:00am
No rise in fees for medical colleges in Sindh

No rise in fees for medical colleges in Sindh

Sindh Minister for Health, Dr Saghir Ahmed here on Tuesday said the existent fee structure for the government owned medical college is not being revised nor any raise in the fee itself is being contemplated. Chairing a high level meeting in his office, th
Published 03 Sep, 2014 12:00am
Forex rules-related cases: ADs asked to ensure proper scrutiny

Forex rules-related cases: ADs asked to ensure proper scrutiny

The State Bank of Pakistan Tuesday directed Authorised Dealers to ensure proper review/scrutiny of all Foreign Exchange Regulations-related cases/references before sending them to Exchange Policy Department. The SBP has also asked ADs for suitable trainin
Published 03 Sep, 2014 12:00am
PIA operates 21 pre-Hajj flights so far

PIA operates 21 pre-Hajj flights so far

PIA has so far operated 21 pre-Hajj flights and carried more than 7,000 intending Hajj pilgrims to Saudi Arabia with on time flight departures and arrivals, PIA spokesman said here on Saturday. On Tuesday, PIA operated five pre-Hajj flights that included
Published 03 Sep, 2014 12:00am
Army jawan laid to rest in Loi

Army jawan laid to rest in Loi

Body of an army Jawan who laid down his life fighting against terrorists and militants in Mohamand Agency was laid to rest on Tuesday in his native village Loi, Taluka Faiz Gunj, district Khairpur with full military honour. Sajjad Hussain Shar had joined
Published 03 Sep, 2014 12:00am
FOD Walk at Jinnah Airport observed

FOD Walk at Jinnah Airport observed

A Foreign Object Debri (FOD) Walk at the apron of Jinnah International Airport was observed under the umbrella of Safety & Quality Management System Branch of Civil Aviation Authority. Airport Manager CAA, Asghar Fahim Khattak, concerned officers of airli
Published 03 Sep, 2014 12:00am
Mild tremors felt in Swat, adjoining areas

Mild tremors felt in Swat, adjoining areas

Tremors of mild intensity hit Swat and its adjoining areas on Tuesday, however, no casualty and damage to property has been reported so far. According to the details, an earthquake of 4.4 on Richter scale hit Swat valley that created panic and forced the
Published 03 Sep, 2014 12:00am
Tribute paid to Mirza Qaleech Baig

Tribute paid to Mirza Qaleech Baig

Many scholars and intellectuals who read papers at a moot on Shamsul Ulema Mirza Qaleech Baig's contribution to Sindhi language and society on Tuesday paid homage to the great scholar and said that literature was essential to bring change in society and p
Published 03 Sep, 2014 12:00am
Sindh chief minister convenes cabinet meeting today

Sindh chief minister convenes cabinet meeting today

Chief Minister (CM) Sindh, Syed Qaim Ali Shah convenes provincial cabinet meeting on Wednesday. Sources said Qaim Ali Shah calls provincial cabinet meeting to consider the prevailing situation in the country in general and Sindh in particular. The meeting
Published 03 Sep, 2014 12:00am
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