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Jun 15, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-03-24
US home sales constrained by tight supply of properties

US home sales constrained by tight supply of properties

US home resales rebounded modestly in February against the backdrop of a persistent shortage of properties on the market, a trend that could undermine the spring selling season. Sluggish home sales are another sign that economic activity slowed sharply in
Published 24 Mar, 2015 12:00am
Dubai's Arabtec helps UAE outperform sluggish Gulf markets

Dubai's Arabtec helps UAE outperform sluggish Gulf markets

A rebound by Dubai builder Arabtec lifted the mood of investors in the United Arab Emirates stock markets on Monday, while other bourses in the Middle East moved very little as oil once again halted its advance. Brent oil slipped 0.2 percent and traded ne
Published 24 Mar, 2015 12:00am
Tokyo shares soar

Tokyo shares soar

Tokyo stocks rose 0.99 percent to a fresh 15-year high Monday, as global markets get a boost from speculation that the US Federal Reserve will not rush to hike interest rates. The Nikkei 225 index at the Tokyo Stock Exchange added 194.14 points to close a
Published 24 Mar, 2015 12:00am
Indian shares fall; Jindal Steel slumps

Indian shares fall; Jindal Steel slumps

Indian shares fell for the fourth straight session on Monday dragged down by Jindal Steel and Power after the government rejected its bids for three coal mines put up for auction. Caution also prevailed ahead of the expiry of monthly derivatives contracts
Published 24 Mar, 2015 12:00am
Monday's midday trade: Wall Street little changed as energy pares gains

Monday's midday trade: Wall Street little changed as energy pares gains

US stocks were little changed on Monday, following strong gains in major indexes the previous week, as investors assessed gyrations in the dollar and crude prices and their impact on equities. Gains expanded and contracted, tracking the behaviour of energ
Published 24 Mar, 2015 12:00am
Sri Lankan shares slip

Sri Lankan shares slip

Sri Lankan shares ended a tad weaker on Monday in thin volume led by select shares such as Access Engineering Plc, while investors awaited cues on interest rates. The main stock index ended 0.17 percent, or 12.28 points, weaker at 7,042.3, hovering near i
Published 24 Mar, 2015 12:00am
SE Asian stocks mostly retreat

SE Asian stocks mostly retreat

Most Southeast Asian stock markets fell on Monday, surrendering their early gains, with the Thai index dropping to a near one-week closing low, led by telecoms. The Thai SET index declined 0.7 percent, marking its lowest close since March 17, with a 3.9 p
Published 24 Mar, 2015 12:00am
Hong Kong shares up

Hong Kong shares up

Hong Kong stocks rose on Monday, taking cues from bullish mainland China shares, which extended their winning streak to a ninth straight session. Strength in the Hong Kong market also reflected gains in Wall Street and European markets on Friday.
Published 24 Mar, 2015 12:00am
China stocks rise

China stocks rise

China stocks rose for their ninth straight session on Monday, closing at fresh near seven-year highs, as bullish investors chased stocks after regulators said the market's recent rally is "inevitable and rational." Deng Ke, spokesman of the China Securiti
Published 24 Mar, 2015 12:00am
Bricolage shares suspended

Bricolage shares suspended

Shares in French home improvement retailer Mr Bricolage were suspended on Monday at the request of the company and pending the release of a statement, Euronext said on Monday. In April 2014 Kingfisher, Europe's No. 1 home improvement retailer, made a bid
Published 24 Mar, 2015 12:00am
European shares slip off multi-year highs

European shares slip off multi-year highs

European shares slipped from multi-year highs on Monday, with car stocks hurt by a rise in the euro and lingering worries over Greece leading investors to book profits. The STOXX Europe 600 Autos Index, which has risen around 30 percent this year, underpe
Published 24 Mar, 2015 12:00am
South African shares slip

South African shares slip

South African share prices eased slightly on Monday with heavy hitters such as MTN Group trading ex-dividend and despite higher copper prices boosting producers of the metal. Africa's largest telecoms provider MTN gave up the most value on the blue chip l
Published 24 Mar, 2015 12:00am
Australian shares end lower

Australian shares end lower

Australian shares edged closer to the crucial 6,000 level before retreating on Monday as investors shrugged off an upbeat lead from offshore markets and cashed in profits from the previous week's rally. The S&P/ASX 200 index hit an intraday high of 5,995.
Published 24 Mar, 2015 12:00am
Miners, StanChart help FTSE to set new record high

Miners, StanChart help FTSE to set new record high

Britain's blue chip share index set a record high on Monday as mining stocks rallied with firmer metals prices, outpacing weakness in shares such as Weir Group. The UK mining index gained 2.2 percent as copper hit a two-month high, driven by a weaker doll
Published 24 Mar, 2015 12:00am
Pakistan keen to settle all issues with India, including Kashmir: Basit

Pakistan keen to settle all issues with India, including Kashmir: Basit

Pakistan's High Commissioner to India Abdul Basit on Monday said his country was keen to settle all issues with India, including the disputed issue of Jammu and Kashmir through dialogue, and underlined the importance of both countries working together for
Published 24 Mar, 2015 12:00am
Air Chief leads fly-past on Pakistan Day Parade

Air Chief leads fly-past on Pakistan Day Parade

Chief of Air Staff, Pakistan Air Force (PAF), Air Chief Marshal Sohail Aman led the fly-past on the Pakistan Day Parade here on Monday. The Air Chief, who assumed command of the PAF on March 19, is well-known for his professional acumen and passion for fl
Published 24 Mar, 2015 12:00am
Soldiers lay wreath at Army Shuhada memorial

Soldiers lay wreath at Army Shuhada memorial

The Pakistan Army soldiers on Monday laid wreath at the Army Shuhada memorial in connection with Pakistan Day. According to the details, the soldiers at the army base in Landi Kotal Tehsil laid wreath at the Pakistan Army Shuhada memorial and prayed for t
Published 24 Mar, 2015 12:00am
KP and FATA: rallies, functions held to mark Pakistan Day

KP and FATA: rallies, functions held to mark Pakistan Day

Likewise, other parts' of the country, Pakistan Day was celebrated in Khyber Pakhtunkhwa and Fata with national zeal and fervour on Monday. Different political parties, traders and religious groups held meetings, processions, seminars and rallies in the p
Published 24 Mar, 2015 12:00am
Pakistan Day celebrated in Paris

Pakistan Day celebrated in Paris

Pakistan's Ambassador to Paris Ghalib Iqbal Monday said that Pakistan was the home of the most resilient people across the globe that had proved time and again that they could not be deterred under any circumstances. He was speaking at the flag hoisting c
Published 24 Mar, 2015 12:00am
Somerset sign Gayle

Somerset sign Gayle

Somerset have pulled off a coup by signing all-action West Indies batsman Chris Gayle for this year's domestic T20 Blast competition, the English county announced on Monday.
Published 24 Mar, 2015 12:00am
Pakistan- Bangladesh series: PCB security team to leave for Bangladesh

Pakistan- Bangladesh series: PCB security team to leave for Bangladesh

After getting go ahead signal from government for Pak-Bangladesh cricket series in Bangladesh in mid April, Pakistan Cricket Board (PCB) is learnt to have sending its security team for reviewing the venues of matches and submitting its security report ahe
Published 24 Mar, 2015 12:00am
OMG! Crowe hails 'courageous' Guptill

OMG! Crowe hails 'courageous' Guptill

New Zealand great Martin Crowe on Monday praised Martin Guptill's record-breaking World Cup feats after helping the batsman reinvent himself late in his career. Crowe, who is battling terminal cancer, also tipped another of his proteges Ross Taylor to com
Published 24 Mar, 2015 12:00am
'No one can stop us', says South Africa skipper de Villiers

'No one can stop us', says South Africa skipper de Villiers

After years of South Africa being lumbered with the "chokers" tag, captain AB de Villiers boldly declared Monday the World Cup was theirs for the taking this time. De Villiers was in a confident mood on the eve of the semi-final in Auckland against New Ze
Published 24 Mar, 2015 12:00am
Lethal Suarez gives Barcelona 2-1 win over Real

Lethal Suarez gives Barcelona 2-1 win over Real

A lethal finish from Luis Suarez gave Barcelona a 2-1 victory over Real Madrid in a typically frantic 'Clasico' on Sunday as they stretched their lead over their rivals at the top of La Liga to four points. While the personal battle between Lionel Messi a
Published 24 Mar, 2015 12:00am
Gladbach stage sensation with 2-0 win at Bayern

Gladbach stage sensation with 2-0 win at Bayern

Borussia Moenchengladbach's Raffael scored twice to secure a shock 2-0 win at Bundesliga leaders Bayern Munich, who suffered their first home league loss in almost a year. The Brazilian beat keeper Manuel Neuer with a half-volley against the run of play a
Published 24 Mar, 2015 12:00am
New Zealand v South Africa head-to-head

New Zealand v South Africa head-to-head

Head-to-head record for New Zealand and South Africa who meet in the World Cup semi-finals at Eden Park on Tuesday (14:00 local/01:00GMT):
Published 24 Mar, 2015 12:00am
Djokovic defends Indian Wells title, earns 50th win

Djokovic defends Indian Wells title, earns 50th win

Novak Djokovic defeated Roger Federer 6-3, 6-7 (5/7), 6-2 to successfully defend his Indian Wells crown and claim his 50th career ATP title on Sunday. The 27-year-old world number one from Serbia also captured his fourth Indian Wells crown and is now tied
Published 24 Mar, 2015 12:00am
Halep beats Jankovic for Indian Wells title

Halep beats Jankovic for Indian Wells title

Simona Halep claimed the biggest title of her career on Sunday, lifting the Indian Wells WTA trophy with a 2-6, 7-5, 6-4 victory over former champion Jelena Jankovic. The hard-fought triumph over the former world number one from Serbia made Romania's 23-y
Published 24 Mar, 2015 12:00am
Milne out of World Cup

Milne out of World Cup

New Zealand fast bowler Adam Milne has been ruled out of Tuesday's World Cup semi-final against South Africa at Eden Park, with coach Mike Hesson calling up Matt Henry to join the squad. Hesson said Monday that a left heel injury had forced Milne out of t
Published 24 Mar, 2015 12:00am
New Zealand, South Africa rule out sledging

New Zealand, South Africa rule out sledging

Four years after New Zealand beat South Africa in a spiteful World Cup clash, rival captains Brendon McCullum and AB de Villiers were pledging nothing but niceness on the eve of a crucial semi-final. In the 2011 edition, their quarter-final in Dhaka erupt
Published 24 Mar, 2015 12:00am
Egyptian pound steady

Egyptian pound steady

Egypt's central bank kept the pound steady at 7.53 pounds to the dollar at a foreign exchange auction on Monday, while the domestic currency strengthened slightly on the black market. The central bank has kept the official exchange rate steady for more th
Published 24 Mar, 2015 12:00am
Rand strongest in two weeks on buoyant euro

Rand strongest in two weeks on buoyant euro

South Africa's rand climbed to its strongest level in two weeks against US dollar on Monday, tracking a buoyant euro and breaking through a key psychological technical resistance point. By 1515 GMT the rand had gained 0.81 percent to 11.9520 per dollar fo
Published 24 Mar, 2015 12:00am
Euro's weakness feeds robust Germany's concerns

Euro's weakness feeds robust Germany's concerns

The euro's slide towards the symbolic level of parity with the dollar is more a source of concern than optimism in Europe's export engine, Germany, analysts say. The country's visceral attachment to a strong euro likely stems from its post-war prosperity
Published 24 Mar, 2015 12:00am
Yuan firms as PBOC sets stronger midpoint

Yuan firms as PBOC sets stronger midpoint

China's yuan rose against the dollar on Monday after the central bank set the strongest official midpoint in a month to reflect a softer US dollar. The People's Bank of China fixed the midpoint rate at 6.1448 per dollar prior to market open, firmer than t
Published 24 Mar, 2015 12:00am
Dollar softens versus euro and yen in Asia

Dollar softens versus euro and yen in Asia

The dollar started trade in Asia on Monday on the defensive, after a volatile few days in the wake of the Federal Reserve's dovish comments, which cast doubts on a June rate increase and bullish positions in the greenback. The dollar index eased 0.1 perce
Published 24 Mar, 2015 12:00am
Early trade in New York: dollar falls against majors

Early trade in New York: dollar falls against majors

The US dollar fell for a second straight session against a basket of major currencies on Monday after traders unwound bullish dollar positions on the likelihood that Federal Reserve policy will be accommodative over the near term. The dollar added to its
Published 24 Mar, 2015 12:00am
Euro rises in Europe after Fed officials' comments

Euro rises in Europe after Fed officials' comments

The euro rose on Monday, reversing early losses to build on its best weekly performance since late 2011 versus the dollar, which came under pressure after comments by US Federal Reserve officials. St Louis Fed President James Bullard told CNBC on Monday t
Published 24 Mar, 2015 12:00am
Sri Lankan rupee forwards slightly weaker

Sri Lankan rupee forwards slightly weaker

Sri Lankan rupee forwards ended slightly weaker on Monday due to mild importer dollar demand in thin trade, with the market awaiting cues on the direction of interest rates, dealers said. Actively traded two-week rupee forwards ended at 133.87/95 per doll
Published 24 Mar, 2015 12:00am
Daily FX volumes plunge in February after volatile start to year

Daily FX volumes plunge in February after volatile start to year

Average daily volumes in the global foreign exchange market fell in February after soaring the previous month in the wake of Switzerland's shock removal of its currency cap, data from FX settlement system CLS showed on Monday.
Published 24 Mar, 2015 12:00am
New Zealand $ at record peak versus Aussie

New Zealand $ at record peak versus Aussie

The Australian and New Zealand dollars held hefty gains versus a broadly weaker US counterpart on Monday, while the kiwi scaled an all-time peak against its Australian neighbour. The kiwi edged up to $0.7561, having jumped more than 2 percent on Friday to
Published 24 Mar, 2015 12:00am
Canadian $ strengthens slightly

Canadian $ strengthens slightly

The Canadian dollar continued to strengthen against the greenback on Monday as last week's US dollar selloff against major currencies was given another push by comments from a US Federal Reserve official. The greenback has struggled since a Fed statement
Published 24 Mar, 2015 12:00am
Weak dollar powers Asia FX

Weak dollar powers Asia FX

Emerging Asian currencies started the week on a firm tone as the dollar's broad weakness prompted investors cut bearish bets in regional units, and helped global stocks rise. Malaysia's ringgit was set to post the best day in about seven weeks. The South
Published 24 Mar, 2015 12:00am
Sterling down against euro

Sterling down against euro

Sterling fell to a three-week low against the euro on Monday, weighed down by doubts over whether British interest rates will rise any time soon and worries over the outcome of a national election in early May. Bank of England Chief Economist Andy Haldane
Published 24 Mar, 2015 12:00am
Russia fines Sakharov rights centre as 'foreign agent'

Russia fines Sakharov rights centre as 'foreign agent'

A Moscow court on Monday fined the prominent Sakharov Centre, a human rights group seeking to preserve the legacy of a Nobel Prize-winning Soviet-era dissident, for failing to declare itself a "foreign agent". The organisation was slapped with a 300,000-r
Published 24 Mar, 2015 12:00am
Uber drivers assaulted in Belgium: police

Uber drivers assaulted in Belgium: police

Uber drivers in Belgium were assaulted by fake clients this weekend, including by at least one cabbie angered by the lower cost rival, Belgian police said on Monday. "Four individuals, including employees of the Uber company, were assaulted by four to six
Published 24 Mar, 2015 12:00am
US helicopter crashes into home, three killed

US helicopter crashes into home, three killed

Three people were killed when a helicopter crashed into a guest house in an upscale neighbourhood of Orlando, Florida, police said Monday. Police said the pilot, his wife and a friend of the couple were killed in the crash, which occurred late Sunday shor
Published 24 Mar, 2015 12:00am
Sultan back in Oman after 'successful' treatment

Sultan back in Oman after 'successful' treatment

Sultan Qaboos of Oman flew home on Monday after spending more than eight months in Germany for medical treatment that was completely successful, state television reported. Qaboos returned after "having completed medical treatment in Germany whose results
Published 24 Mar, 2015 12:00am
Sri Lanka hands back army occupied land in former war zone

Sri Lanka hands back army occupied land in former war zone

Sri Lanka's new President Maithripala Sirisena Monday launched a program to hand over military-occupied land in the country's battle-scarred north back to its original Tamil owners, the government said.
Published 24 Mar, 2015 12:00am
Iran deal must halt nuclear plan for 'decades': US lawmakers

Iran deal must halt nuclear plan for 'decades': US lawmakers

Any nuclear accord must constrain Iran's nuclear infrastructure for "decades" before the US Congress will lift sanctions, 80 percent of the House of Representatives told President Barack Obama on Monday. The 367 representatives, Democrats and Republicans,
Published 24 Mar, 2015 12:00am
Yemen militia sends forces south as UN warns of civil war

Yemen militia sends forces south as UN warns of civil war

Yemen's Shia militia sent reinforcements south and clashed with local fighters on Monday after the United Nations warned the country is on the brink of a protracted civil war. Security sources said the militiamen, known as Huthis, had sent thousands of tr
Published 24 Mar, 2015 12:00am
Senegal former president's high-flying son jailed for graft

Senegal former president's high-flying son jailed for graft

Karim Wade, the high-flying son of former Senegal president Abdoulaye Wade bidding to follow his father to the top office, was sentenced Monday to six years in prison in a deeply divisive graft case. The 46-year-old flamboyant former minister was found gu
Published 24 Mar, 2015 12:00am
Peru bus pile-up kills 37

Peru bus pile-up kills 37

At least 37 people were killed when a bus swerved into oncoming traffic in Peru Monday, leading to a multi-vehicle collision involving two other buses and a truck, authorities said. Health Minister Anibal Velasquez, who was on his way to the crash site ne
Published 24 Mar, 2015 12:00am
Netanyahu apologises publicly for Arab Israeli remarks

Netanyahu apologises publicly for Arab Israeli remarks

Israeli Prime Minister Benjamin Netanyahu apologised publicly on Monday for saying Arab Israelis were voting in "droves" in election day comments that drew condemnation, including from the United States.
Published 24 Mar, 2015 12:00am
Netanyahu wins clear majority to form next government

Netanyahu wins clear majority to form next government

Israeli Prime Minister Benjamin Netanyahu is to be tasked with forming the next coalition government this week after winning on Monday a clear majority of support from newly elected MPs. Netanyahu's surprise victory in last week's snap election has paved
Published 24 Mar, 2015 12:00am
Erdogan rift with Turkey government widens

Erdogan rift with Turkey government widens

Turkish President Recep Tayyip Erdogan dug in his heels Monday in what appears to be a widening rift with his own government over the Kurdish peace process. In a sign of simmering tensions at the top, Erdogan's long-time deputy Bulent Arinc told the presi
Published 24 Mar, 2015 12:00am
Former tennis star Bob Hewitt guilty of raping girls in South Africa

Former tennis star Bob Hewitt guilty of raping girls in South Africa

Australian-born former tennis Grand Slam champion Bob Hewitt was found guilty Monday in South Africa of raping and assaulting young girls he was coaching there in the early 1980s. Hewitt, 75, had pleaded not guilty to the two charges of rape and one of in
Published 24 Mar, 2015 12:00am
Obama urges Nigeria to reject election violence

Obama urges Nigeria to reject election violence

US President Barack Obama on Monday called on Nigerians to reject violence in this weekend's general election, describing the vote as a "historic opportunity" for progress in Africa's most populous country. "I call on all Nigerians to peacefully express y
Published 24 Mar, 2015 12:00am
Prime Minister condoles Lee's death

Prime Minister condoles Lee's death

Prime Minister Nawaz Sharif on Monday expressed his deep condolence over the death of Lee Kuan Yew, former Prime Minister and the founder of modern Singapore. The Prime Minister, in his message, said that he was "deeply saddened" by the demise of Lee.
Published 24 Mar, 2015 12:00am
Import of NPB arms: Customs told to update MoC and banks after clearance

Import of NPB arms: Customs told to update MoC and banks after clearance

The Federal Board of Revenue (FBR) has directed Collectors of Customs to update authorised banks and ministry of commerce after clearance of every imported consignment of arms and ammunition of non-prohibited bore for providing them up-to-date quota infor
Published 24 Mar, 2015 12:00am
PML-Q holds boat rally to celebrate Pakistan Day

PML-Q holds boat rally to celebrate Pakistan Day

The Sindh chapter of Pakistan Muslim League-Q (PML-Q) celebrated the Pakistan Day by arranging a unique boat rally in the open sea here on Monday. The rally named 'Caravan-e-Bahar' started from Ibrahim Hyderi, an old coastal locality of Karachi. Many boat
Published 24 Mar, 2015 12:00am
Pulses import rises by 37 percent: PBS

Pulses import rises by 37 percent: PBS

The country's pulses import mounted by 37 percent to 254.557 million dollars in July-February 2014-15, official figures mentioned. Thus, the import showed an increase of US 68.105 million dollars during July-February 2014-15 as compared to the commodity's
Published 24 Mar, 2015 12:00am
83 shopkeepers fined in Karachi

83 shopkeepers fined in Karachi

The divisional and district administrations of Karachi have challaned 83 shopkeepers and imposed fines of Rs 109,500 for overcharging and profiteering. During the crackdown, the administration fined 37 milk sellers, four fruit sellers, 15 grocers, 21 chic
Published 24 Mar, 2015 12:00am
Non-availability of seats in Business Class irks PIA engineers

Non-availability of seats in Business Class irks PIA engineers

Pakistan International Airlines (PIA) appears uncertain about abolishing intransigence from its highly privileged staff - pilots and engineers, causing besmirch to the airline. This was the second time during last 45 days, when aircraft engineers left the
Published 24 Mar, 2015 12:00am
Foreign investors: government urged to provide special security

Foreign investors: government urged to provide special security

Chairman, Al-Zarooni Foundation, Suhail A. Al-Zarooni, has urged federal and Sindh governments to provide special security to foreign investors, businessmen and prominent dignitaries so that they could fearlessly tour Pakistan, which would help restoring
Published 24 Mar, 2015 12:00am
100 alleged criminals arrested in Karachi

100 alleged criminals arrested in Karachi

The city police on Monday claimed to have arrested 100 alleged criminals in different targeted raids and encounters conducted at various parts of Karachi during last 24 hours. The police said in 82 raids and five encounters carried out as part of the on-g
Published 24 Mar, 2015 12:00am
Karachiites observe Pakistan Day with traditional zeal

Karachiites observe Pakistan Day with traditional zeal

People from all walks of life celebrated Pakistan Day with traditional zeal and fervour, here on Monday. Impressive ceremonies were organized to commemorate the historic event of passage of Pakistan Resolution some 75 years ago on 23rd March 1940 at Lahor
Published 24 Mar, 2015 12:00am
Harassment by police: mother seeks justice from PHC CJ

Harassment by police: mother seeks justice from PHC CJ

A mother from Akora Khattak, whose son allegedly picked up by the police, has appealed to the Chief Justice of Peshawar High Court (PHC) and police high-ups, to provide her justice by releasing her son Habib Gul.
Published 24 Mar, 2015 12:00am
Shahbaz lauds police for recovery of kidnapped girl

Shahbaz lauds police for recovery of kidnapped girl

Chief Minister Shahbaz Sharif has hailed the performance of the Police Operations Inspector General and the police following the discovery of a three-year-old girl named Laiba who was kidnapped in Gulberg. In a meeting with the girl and her parents, the c
Published 24 Mar, 2015 12:00am
Pakistan Day celebrated in Singapore

Pakistan Day celebrated in Singapore

National Day of Pakistan was celebrated with due exuberance, national spirit and fervour at Embassy Residence here on Monday. Members of Pakistani community and families of High Commission's staff attended the ceremony, said a press release received here.
Published 24 Mar, 2015 12:00am
Qadri forms body for contesting LB polls

Qadri forms body for contesting LB polls

The Chairman of Pakistan Awami Tehreek Dr Tahirul Qadri has formed a nine-member committee to be headed by PAT President Dr Raheeq Ahmed Abbasi for contesting the Local Bodies elections in the 42 cantonments of the country. This was disclosed in the state
Published 24 Mar, 2015 12:00am
LTIA hails power tariff cut

LTIA hails power tariff cut

The Lahore Township Industries Association (LTIA) acting chairman has welcomed the reduction of Rs 2.50 per unit in tariff by the LESC and demanded that the increases made by the company under the head of fuel adjustments in the past be dropped.
Published 24 Mar, 2015 12:00am
Power shortage brings per capita electricity consumption down

Power shortage brings per capita electricity consumption down

An unprecedented power shortage in Pakistan has brought the per capita electricity consumption down to 449 kWh against 2700 kWh in Turkey, 4250 kWh in Malaysia and 13,250 kWh in USA. The power sector circles have maintained that one major reason of low pe
Published 24 Mar, 2015 12:00am
1000 teachers discover true genius

1000 teachers discover true genius

On a bright sunny morning, one thousand teachers collected for the launch of Project Butterfly. The not-for-profit social enterprise is chaired by the inventor of Mind Maps, Professor Tony Buzan and founded by Tariq Qureshi, CEO Vantage and CEO 100 percen
Published 24 Mar, 2015 12:00am
Traders and industrialists hail interest rate cut

Traders and industrialists hail interest rate cut

Progressive Group a representative platform of traders and industrialists have welcomed the reduction of 50 basis points from 8.5 percent to 8 percent, announced in the State Bank of Pakistan's (SBP) Monetary Policy on Saturday.
Published 24 Mar, 2015 12:00am
Mastung district: miscreants torch five oil tankers, kidnap four drivers

Mastung district: miscreants torch five oil tankers, kidnap four drivers

Armed men set on fire five oil tankers in Balochistan's Mastung district on Monday and also kidnapped four drivers before fleeing from the scene. Levies sources said that armed men opened indiscriminate fire on five oil tankers in Kirdi Gap area of Mastun
Published 24 Mar, 2015 12:00am
Sarwar urges parties to eliminate criminals from their ranks

Sarwar urges parties to eliminate criminals from their ranks

The Pakistan Tehreek-e-Insaf senior member and a former Punjab governor has urged the elimination of criminals, saying it is important for all political parties to eliminate any kind of criminal elements from their ranks for democracy to progress and cont
Published 24 Mar, 2015 12:00am
Sindh Governor, Corps Commander discuss Karachi operation

Sindh Governor, Corps Commander discuss Karachi operation

Corps Commander Karachi Lt General Naveed Mukhtar had a meeting with Governor Sindh Ishratul Ibad here on Sunday. According to reports, they discussed the operation against criminals and law and order situation in Sindh in general and Karachi in particula
Published 24 Mar, 2015 12:00am
Economic Corridor project a splendid gift of Chinese government: Shahbaz

Economic Corridor project a splendid gift of Chinese government: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif has said Pak-China Economic Corridor project is a splendid gift of the Chinese government for people of Pakistan. Infrastructure, transport as well as energy projects are included in the economic corridor. He
Published 24 Mar, 2015 12:00am
Citi confirms Argentina bonds exit after two more payments

Citi confirms Argentina bonds exit after two more payments

Citibank NA confirmed Monday that it would pull out of its Argentina custody business after being permitted by a US court to process two more payments on Argentine law exchange bonds. The Citigroup unit said that a New York judge''''s ruling Friday that i
Published 24 Mar, 2015 12:00am
Citi confirms Argentina bonds exit after two more payments

Citi confirms Argentina bonds exit after two more payments

Citibank NA confirmed Monday that it would pull out of its Argentina custody business after being permitted by a US court to process two more payments on Argentine law exchange bonds. The Citigroup unit said that a New York judge''s ruling Friday that it
Published 24 Mar, 2015 12:00am
Citi confirms Argentina bonds exit after two more payments

Citi confirms Argentina bonds exit after two more payments

Citibank NA confirmed Monday that it would pull out of its Argentina custody business after being permitted by a US court to process two more payments on Argentine law exchange bonds. The Citigroup unit said that a New York judge's ruling Friday that it c
Published 24 Mar, 2015 12:00am
Citi confirms Argentina bonds exit after two more payments

Citi confirms Argentina bonds exit after two more payments

Citibank NA confirmed Monday that it would pull out of its Argentina custody business after being permitted by a US court to process two more payments on Argentine law exchange bonds. The Citigroup unit said that a New York judge's ruling Friday that it c
Published 24 Mar, 2015 12:00am
Saudi Arabia says Iran should not get 'undeserved' nuclear deals

Saudi Arabia says Iran should not get 'undeserved' nuclear deals

Saudi Foreign Minister Prince Saud al-Faisal said on Monday that Iran, which is negotiating with world powers on its nuclear programme, should not get "undeserved deals". "It is impossible that Iran should get undeserved deals," Prince Saud said at a join
Published 24 Mar, 2015 12:00am
Saudi Arabia says Iran should not get 'undeserved' nuclear deals

Saudi Arabia says Iran should not get 'undeserved' nuclear deals

Saudi Foreign Minister Prince Saud al-Faisal said on Monday that Iran, which is negotiating with world powers on its nuclear programme, should not get "undeserved deals". "It is impossible that Iran should get undeserved deals," Prince Saud said at a join
Published 24 Mar, 2015 12:00am
ADB steps up Islamic finance efforts, eyes infrastructure

ADB steps up Islamic finance efforts, eyes infrastructure

The Asian Development Bank (ADB) is stepping up efforts to assist member countries to use Islamic finance in areas such as infrastructure financing, ranging from technical assistance to providing credit guarantees, an ADB official said. The Manila-based d
Published 24 Mar, 2015 12:00am
ADB steps up Islamic finance efforts, eyes infrastructure

ADB steps up Islamic finance efforts, eyes infrastructure

The Asian Development Bank (ADB) is stepping up efforts to assist member countries to use Islamic finance in areas such as infrastructure financing, ranging from technical assistance to providing credit guarantees, an ADB official said. The Manila-based d
Published 24 Mar, 2015 12:00am
ADB steps up Islamic finance efforts, eyes infrastructure

ADB steps up Islamic finance efforts, eyes infrastructure

The Asian Development Bank (ADB) is stepping up efforts to assist member countries to use Islamic finance in areas such as infrastructure financing, ranging from technical assistance to providing credit guarantees, an ADB official said. The Manila-based d
Published 24 Mar, 2015 12:00am
Qatar upholds death sentence for British teacher murder

Qatar upholds death sentence for British teacher murder

A Qatari court on Monday upheld a death sentence against a local man convicted of the murder of British school teacher Lauren Patterson. Doha's Court of Appeal confirmed the sentence against Badr Hashim Khamis Abdallah al-Jabar as Patterson's mother Aliso
Published 24 Mar, 2015 12:00am
Qatar upholds death sentence for British teacher murder

Qatar upholds death sentence for British teacher murder

A Qatari court on Monday upheld a death sentence against a local man convicted of the murder of British school teacher Lauren Patterson. Doha's Court of Appeal confirmed the sentence against Badr Hashim Khamis Abdallah al-Jabar as Patterson's mother Aliso
Published 24 Mar, 2015 12:00am
US and Israel snub UN rights council session on Gaza war

US and Israel snub UN rights council session on Gaza war

US and Israeli envoys refused to attend a UN Human Rights Council special session Monday on the situation in the Palestinian territories in the aftermath of the 2014 Gaza conflict. The US decision will disappoint those who hoped the recent disagreement be
Published 24 Mar, 2015 12:00am
US and Israel snub UN rights council session on Gaza war

US and Israel snub UN rights council session on Gaza war

US and Israeli envoys refused to attend a UN Human Rights Council special session Monday on the situation in the Palestinian territories in the aftermath of the 2014 Gaza conflict. The US decision will disappoint those who hoped the recent disagreement be
Published 24 Mar, 2015 12:00am
Afghan President gives heartfelt thanks to US troops

Afghan President gives heartfelt thanks to US troops

Afghan President Ashraf Ghani offered deep thanks Monday to US troops for more than a decade of sacrifice, at the start of a visit aimed at turning the page on past strained US ties. "We do not now ask what the United States can do for us," said Ghani, tu
Published 24 Mar, 2015 12:00am
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