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Apr 27, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-06-23
Slovakia's unemployment rate hits six-year low

Slovakia's unemployment rate hits six-year low

Slovakia's unemployment rate dipped to a six-year low of 11.48 percent in May thanks to an upswing in seasonal work, the government reported Monday. "May is when seasonal work is in full swing and unemployment is down," Slovak social affairs minister Jan
Published 23 Jun, 2015 12:00am
Cuban economy growing 4 percent, aided by detente with US

Cuban economy growing 4 percent, aided by detente with US

Detente with the United States appears to have helped Cuba's communist economy, which officials expect to grow 4 percent in the first half of 2015, in line with official forecasts. Economy Minister Marino Murrillo delivered an update on the economy to the
Published 23 Jun, 2015 12:00am
Eurozone consumer confidence stable in June

Eurozone consumer confidence stable in June

Eurozone consumer confidence was unchanged in June, figures released on Monday showed. The European Commission said a flash estimate showed the euro zone consumer morale indicator was -5.6 points. The May figure was revised down to that level because of a
Published 23 Jun, 2015 12:00am
HSBC says becomes Swiss Re's custodian bank in China

HSBC says becomes Swiss Re's custodian bank in China

HSBC will store Swiss Re's Chinese securities as part of a plan to enable foreign investors to use offshore yuan to buy stocks and bonds in mainland China, the British bank on Monday. The investment scheme, known as the Renminbi Qualified Foreign Institut
Published 23 Jun, 2015 12:00am
Kazakhstan hails completion of 'historic' WTO accession talks

Kazakhstan hails completion of 'historic' WTO accession talks

Kazakhstan's president on Monday hailed the "new horizons" opening up to his country after the former Soviet state completed nearly two decades of talks on joining the World Trade Organisation. The energy-rich nation of 17 million people began accession t
Published 23 Jun, 2015 12:00am
Etisalat to allow foreign share ownership

Etisalat to allow foreign share ownership

Etisalat, the United Arab Emirates' former telecoms monopoly, said on Monday restrictions on who could own its shares would be partly lifted, opening the Gulf state's largest stock to foreign and institutional ownership for the first time. The telecoms op
Published 23 Jun, 2015 12:00am
GE reaches tentative labour agreement with US unions

GE reaches tentative labour agreement with US unions

General Electric Co said it has reached tentative agreement with its two biggest US unions on a four-year national labour contract after three weeks of talks. The agreements were announced late Sunday night with the IUE-CWA and the United Electrical, Radi
Published 23 Jun, 2015 12:00am
Japan's fiscal strategy takes flexible approach to spending curbs

Japan's fiscal strategy takes flexible approach to spending curbs

Japan's government said on Monday it would adopt a flexible approach rather than fix a mandatory cap to curb the annual increase in budget spending, as it tries to reduce a mountain of debt. Releasing a blueprint of its fiscal strategy for the coming year
Published 23 Jun, 2015 12:00am
Japan's fiscal strategy takes flexible approach to spending curbs

Japan's fiscal strategy takes flexible approach to spending curbs

Japan's government said on Monday it would adopt a flexible approach rather than fix a mandatory cap to curb the annual increase in budget spending, as it tries to reduce a mountain of debt. Releasing a blueprint of its fiscal strategy for the coming year
Published 23 Jun, 2015 12:00am
First-time buyers lift US home sales to 5-1/2-year high

First-time buyers lift US home sales to 5-1/2-year high

US home resales surged to a 5-1/2-year high in May as first-time buyers stepped into the market, the latest indication that housing and overall economic activity were gathering steam in the second quarter. The strengthening economic outlook likely keeps t
Published 23 Jun, 2015 12:00am
Greece hopes lift most of Gulf markets

Greece hopes lift most of Gulf markets

Most Gulf stock markets rose on Monday on hopes that Greece would avoid defaulting on its debt, but Saudi Arabia continued dropping after breaking technical support. Egypt fell after a major brokerage issued a bearish technical report. The chief of staff
Published 23 Jun, 2015 12:00am
Indian shares rise as monsoon aids rate-cut hopes

Indian shares rise as monsoon aids rate-cut hopes

Indian shares rose more than 1.5 percent on Monday, heading towards their biggest daily gain in about 1-1/2 months as rate sensitive stocks rose on hopes monsoon may lead to an earlier-than-expected rate cut by the central bank. The south-west monsoon rai
Published 23 Jun, 2015 12:00am
Sri Lankan shares edge up

Sri Lankan shares edge up

Sri Lankan shares inched up on Monday, recovering from a two-month low hit in the previous session, led by large caps, but trading was choppy as political woes ahead of an announcement on parliamentary election date weighed on sentiment. The main stock in
Published 23 Jun, 2015 12:00am
Southeast Asian markets: Thai index bounces off two-week low

Southeast Asian markets: Thai index bounces off two-week low

Thai shares rebounded on Monday, helped by short-covering in aviation and tourism-related stocks, while most others in Southeast Asia gained, in line with Asian stock markets amid hopes for a Greek debt deal. Bangkok's SET index closed the day up 0.8 perc
Published 23 Jun, 2015 12:00am
Tokyo stocks up 1.26 percent
Currency

Tokyo stocks up 1.26 percent

Tokyo stocks rose 1.26 percent Monday as Greece presented its creditors with new proposals to reform its bailout, fuelling hopes it will avert a default and a possible exit from the eurozone. The Nikkei 225 index at the Tokyo Stock Exchange added 253.95 p
Published 23 Jun, 2015 12:00am
Hong Kong's stocks soar

Hong Kong's stocks soar

Hong Kong's benchmark Hang Seng Index rose on Monday thanks to a firmer tone in overseas markets on hopes Greece would be able to avoid defaulting on its debt, with insurers and resources stocks leading the surge. The Hang Seng index jumped 1.2 percent to
Published 23 Jun, 2015 12:00am
FTSE sees biggest gain since May on Greek deal hopes

FTSE sees biggest gain since May on Greek deal hopes

Britain's benchmark FTSE 100 equity index rallied on Monday as bid speculation boosted media group Sky and utility Severn Trent , while hopes of a Greek debt deal lifted stock markets world-wide. The bluechip index rose 115.22 points, or 1.7 percent, to 6
Published 23 Jun, 2015 12:00am
Chinese markets closed

Chinese markets closed

Financial, stocks and commodity markets in China are closed on Monday for a public holiday.
Published 23 Jun, 2015 12:00am
Australian shares slightly up

Australian shares slightly up

Australian shares edged up 0.2 percent on Monday as many investors stuck to the sidelines as they awaited the outcome of Greece's new proposals to creditors in a last-ditch bid to stave off a debt default. The S&P/ASX 200 index rose 11.506 points to close
Published 23 Jun, 2015 12:00am
Bets on Greek progress boost European shares, ATG index surges

Bets on Greek progress boost European shares, ATG index surges

European shares climbed to their highest level in more than a week on Monday, anticipating some progress on Greece's debt crisis after months of wrangling with international creditors. The telecoms sector outperformed the broader market after a takeover b
Published 23 Jun, 2015 12:00am
Atlantic Council urges China to be clearer over plans for yuan
Currency

Atlantic Council urges China to be clearer over plans for yuan

The increasing use of the yuan internationally could lead to a healthier global economy, but if Beijing fails to handle the project successfully it could spark currency wars and create systemic risk in financial markets, the Atlantic Council warned on Mon
Published 23 Jun, 2015 12:00am
Aussie, New Zealand dollar inch ahead with Greek talks
Currency

Aussie, New Zealand dollar inch ahead with Greek talks

The Australian and New Zealand dollars crept higher on Monday amid hopes progress might be made at the latest Greek debt talks, with a resulting boost to risk appetite globally. The Aussie inched ahead to $0.7780, from an early $0.7766 and back toward res
Published 23 Jun, 2015 12:00am
Euro surges in Asia
Currency

Euro surges in Asia

The euro rose against the dollar on Monday on a glimmer of hope that Greece may avert a debt default after Athens offered new proposals to foreign creditors ahead of the emergency euro zone summit later in the day. The common currency ticked up 0.3 percen
Published 23 Jun, 2015 12:00am
Early trade in NY: Euro rises against safe-haven currencies
Currency

Early trade in NY: Euro rises against safe-haven currencies

The euro edged higher against the US dollar, yen and Swiss franc on Monday as a new cash-for-reforms offer from Greece raised hopes a tangible deal is taking shape that will help Athens avoid a default on its debts. Euro zone finance ministers left a meet
Published 23 Jun, 2015 12:00am
Euro rises against yen, franc in Europe on Greece optimism
Currency

Euro rises against yen, franc in Europe on Greece optimism

The euro rose against the safe-haven yen and Swiss franc on Monday, as a new Greek offer for a cash-for-reforms deal raised hopes of an agreement between the debt-laden country and its creditors, boosting investors' risk appetite. Euro zone leaders began
Published 23 Jun, 2015 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 Monday. 77.80-77.80 (previous 77.80-77.80). Call Money Rates: 05.25-6.75 percent (Previous 05.25-06.75 percent).
Published 23 Jun, 2015 12:00am
Hopes on Greece deal support Asia FX
Currency

Hopes on Greece deal support Asia FX

Most emerging Asian currencies rose on Monday as hopes emerged for a deal to avert a debt default by Greece after Athens made new proposals to foreign creditors before the emergency euro zone summit later in the day. South Korea's won hit a near one-month
Published 23 Jun, 2015 12:00am
South Africa's rand firmer

South Africa's rand firmer

South Africa's rand on Monday climbed to its strongest against the dollar in more than three weeks, helped, like otheremerging currencies, by cautious optimism that talks aimed at averting a Greek debt default will succeed. Traders said domestic news head
Published 23 Jun, 2015 12:00am
Canadian dollar gains as markets bet on Greek debt deal
Currency

Canadian dollar gains as markets bet on Greek debt deal

The Canadian dollar gained ground against its US counterpart on Monday as optimism that Greece and its creditors were on their way to a breakthrough debt deal kept it strong even after oil prices turned lower and the greenback reversed early losses. Price
Published 23 Jun, 2015 12:00am
Sterling falls as Greek hopes grow
Currency

Sterling falls as Greek hopes grow

Sterling stepped back from a seven-year high against a trade-weighted basket of currencies on Monday as some investors put money back into the euro on hopes of a deal over Greece. The pound was one of the refuges investors found earlier this year when the
Published 23 Jun, 2015 12:00am
Sri Lankan rupee up
Currency

Sri Lankan rupee up

The Sri Lankan spot rupee continued its recovery against the dollar on Monday from last week's record lows as a state bank, through which the central bank usually directs the market, offered dollars at 133.90 rupees, dealers said. The bank had lowered its
Published 23 Jun, 2015 12:00am
Australia won't cross sledging line, vows Clarke

Australia won't cross sledging line, vows Clarke

Australia captain Michael Clarke has insisted his side "won't overstep the mark" when it comes to the vexed question of 'sledging' during the upcoming Ashes series. England and New Zealand have just completed an enthralling Test and one-day international
Published 23 Jun, 2015 12:00am
Brazil into Copa quarters

Brazil into Copa quarters

Brazil shrugged off the absence of suspended captain Neymar to reach the Copa America quarter-finals here Sunday with a 2-1 victory over Venezuela. Goals in each half from Paris Saint-Germain star Thiago Silva and Bundesliga-based striker Roberto Firmino
Published 23 Jun, 2015 12:00am
Maradona to stand for FIFA presidency

Maradona to stand for FIFA presidency

Diego Maradona will stand for the presidency of scandal-tainted FIFA presidency, a Uruguayan journalist who presents a television show with the Argentine football legend, said Monday. "'I am candidate' are the words that Diego Maradona used when I asked h
Published 23 Jun, 2015 12:00am
Pakistan savour record-breaking Galle Test win

Pakistan savour record-breaking Galle Test win

Former Pakistan greats Monday hailed their country's come-from-behind victory in the first Test against Sri Lanka at Galle, which gave them the Asian record for most victories in the game's longest format. Pakistan beat Sri Lanka by ten wickets in a match
Published 23 Jun, 2015 12:00am
Former world champ boxer stabbed to death

Former world champ boxer stabbed to death

Former world champion boxer Juan Jose Estrada was stabbed to death over the weekend in what was believed to be a family quarrel in the Mexican border city of Tijuana, authorities said Monday. Estrada, nicknamed "Dinamita," won the WBC International world
Published 23 Jun, 2015 12:00am
Russia slash World Cup budget by 30 billion roubles

Russia slash World Cup budget by 30 billion roubles

Russia have slashed their budget for the 2018 World Cup by almost 30 billion roubles (490 million euros, $560 million), the government said on Monday, without giving a reason. The budget has been cut from 660.6 billion roubles to 631.5 billion roubles, a
Published 23 Jun, 2015 12:00am
Hafeez hauled up again for suspect action

Hafeez hauled up again for suspect action

Pakistan off-spinner Mohammad Hafeez may face a lengthy ban from bowling after the International Cricket Council said on Monday his action had been reported for the second time in seven months. The umpires reported Hafeez after Pakistan's 10-wicket victor
Published 23 Jun, 2015 12:00am
China rewards World Cup women with 'highest ever' bonus

China rewards World Cup women with 'highest ever' bonus

China will pay their women's football team the "highest ever" bonus as a reward for reaching the quarter-finals of the World Cup in Canada, state media reported Monday. The bonus of around one million yuan ($160,000) will be paid to the players who made i
Published 23 Jun, 2015 12:00am
Canada, Australia, France through as Marta's Brazil sent packing

Canada, Australia, France through as Marta's Brazil sent packing

Canada kept their Women's World Cup title dream alive with a 1-0 win over Switzerland on Sunday to reach the last eight along with France and Australia as star-studded Brazil were toppled. A Josee Belanger second-half goal was enough to secure the hosts a
Published 23 Jun, 2015 12:00am
Three Spanish mountain climbers die in avalanche

Three Spanish mountain climbers die in avalanche

Three young Spanish climbers died in an avalanche while climbing in Kyrgyzstan, their mountaineering club said Monday. The three men, aged between 18 and 24, died on Sunday while climbing a rock face in the Central Asian country's Ala Archa National Park,
Published 23 Jun, 2015 12:00am
Swiss court maintains freeze on Assad's wealthy cousin

Swiss court maintains freeze on Assad's wealthy cousin

The financial assets of one of Syria's wealthiest men - a cousin of Syrian President Bashar al-Assad - will remain frozen in Switzerland, the Swiss Federal Administrative Court said in a statement. The court rejected an appeal by billionaire Rami Makhlouf
Published 23 Jun, 2015 12:00am
War crimes likely by both sides in 2014 Gaza war: UN

War crimes likely by both sides in 2014 Gaza war: UN

Both Israel and Palestinian militants may have committed war crimes during last year's Gaza war, a widely anticipated United Nations report said Monday, decrying "unprecedented" devastation and human suffering. The Commission of Inquiry on the 2014 Gaza c
Published 23 Jun, 2015 12:00am
China says improved docking technology will help future space missions

China says improved docking technology will help future space missions

Chinese scientists have improved the technology needed to carry out docking between vessels in space with the development of an "eye" guidance system that will make the procedure more efficient and safer, state news agency Xinhua said on Monday. Advancing
Published 23 Jun, 2015 12:00am
Nato head says alliance to more than double size of rapid response force

Nato head says alliance to more than double size of rapid response force

Nato head Jens Stoltenberg said Monday the alliance will approve plans this week to more than double the size of its rapid response force, having already created a special spearhead unit in the fallout from the Ukraine crisis. "Nato defence ministers ...
Published 23 Jun, 2015 12:00am
Russia eyes Kazakh cosmonaut as space tourist

Russia eyes Kazakh cosmonaut as space tourist

Russia on Monday proposed sending a Kazakh cosmonaut to the International Space Station in place of a space tourist in September after a Japanese candidate formally dropped out. Satoshi Takamatsu, a Japanese businessman, was gearing up to go to space afte
Published 23 Jun, 2015 12:00am
Merkel, Hollande see 'insufficient' Ukraine progress after Putin call

Merkel, Hollande see 'insufficient' Ukraine progress after Putin call

Francois Hollande and German Chancellor Angela Merkel lamented the "insufficient" progress in resolving the Ukraine crisis after a telephone conversation Monday with Russian President Vladimir Putin, according to a source close to the French president.
Published 23 Jun, 2015 12:00am
European cyber police unit to take on Islamic State propaganda

European cyber police unit to take on Islamic State propaganda

European police agency Europol said Monday it was launching a continent-wide cybercrime unit to combat social media accounts promoting jihadist propaganda, particularly those of the Islamic State (IS) group. The unit, set to start operating from Europol's
Published 23 Jun, 2015 12:00am
French convict on Indonesian death row loses clemency appeal

French convict on Indonesian death row loses clemency appeal

An Indonesian court rejected a French national's last-ditch appeal against the death sentence on Monday, making him the latest foreigner to face execution for drug offences and prompting a message of support for the prisoner from France. Serge Atlaoui had
Published 23 Jun, 2015 12:00am
Apple bows to Taylor Swift on paying for all music streaming

Apple bows to Taylor Swift on paying for all music streaming

Apple Inc reversed its policy and said it would now pay artists during free trials of its new Apple Music streaming service, after pop star Taylor Swift said she would hold back her latest hit album "1989" from the service. Apple is offering users a three
Published 23 Jun, 2015 12:00am
EU prolongs Russian economic sanctions for six months

EU prolongs Russian economic sanctions for six months

EU foreign ministers formally agreed Monday to prolong to January 2016 damaging economic sanctions against Russia to ensure it fully implements Ukraine peace accords, officials said. "EU has extended economic sanctions against Russia until 31 January 2016
Published 23 Jun, 2015 12:00am
PPA urges government to withdraw import duty on soybean oil

PPA urges government to withdraw import duty on soybean oil

Pakistan Poultry Association (Northern Zone) Chairman Dr Mustafa Kamal welcoming the decision of the federal government to withdraw proposal of levying of 5 per cent sales tax on poultry industry has urged the government to withdraw also the proposal of 1
Published 23 Jun, 2015 12:00am
EDO Sheikhupura asked to step up dengue control efforts

EDO Sheikhupura asked to step up dengue control efforts

Advisor to Chief Minister Punjab on Health Khawaja Salman Rafique has directed all the concerned departments to continue their vigorous anti-dengue activities including outdoor and indoor surveillance to overcome dengue issue during and after coming rainy
Published 23 Jun, 2015 12:00am
Zardari urges Prime Minister to help resolve power crisis

Zardari urges Prime Minister to help resolve power crisis

Former president and Pakistan People's Party Co-Chairperson Asif Ali Zardari has urged Prime Minister Nawaz Sharif to help resolve Sindh's frequent and prolonged loadshedding issue as it has aggravated considerably in the current hot and humid weather.
Published 23 Jun, 2015 12:00am
Three drown in River Indus in Rajanpur

Three drown in River Indus in Rajanpur

Three including two women and a girl drowned in an attempt to save a drowning girl here on Monday. Bodies were recovered and handed over to their heirs. Sources said that women of Shabhani Tribe belonging to Marghai area of Rajanpur were present by bank o
Published 23 Jun, 2015 12:00am
LHC dismisses petition seeking Zardari's trial under Article 6

LHC dismisses petition seeking Zardari's trial under Article 6

The Lahore High Court (LHC) on Monday declared a petition filed against former president Asif Ali Zardari seeking his trial under article 6 as inadmissible. A leader of All Pakistan Muslim League Ilyas Gujjar had filed a petition stating that Asif Ali Zar
Published 23 Jun, 2015 12:00am
Loadshedding: JI chief criticises government's claim

Loadshedding: JI chief criticises government's claim

Jamaat e Islami Chief Senator Siraj-ul-Haq has criticised the government over claims of tackling power-cuts, saying the claims "have gone to the winds" and that the death of around 260 people in Karachi was a big tragedy.
Published 23 Jun, 2015 12:00am
KPCCI slams prolonged electricity outages

KPCCI slams prolonged electricity outages

Khyber Pakhtunkhwa Chamber of Commerce and Industry has slammed the prolonged electricity loadshedding in industrial estates, which have been adversely affecting productivity and caused job-losses in the province. It urged the federal government and Minis
Published 23 Jun, 2015 12:00am
NA-122 case: ET adjourns proceedings to today

NA-122 case: ET adjourns proceedings to today

An election tribunal (ET) on Monday adjourned the proceedings of a petition against Speaker National Assembly Sardar Ayaz Sadiq for Tuesday (today) and asked the counsel for Chairman Pakistan Tehrik-e-Insaf Imran Khan to conclude his arguments on next dat
Published 23 Jun, 2015 12:00am
LESCO, GEPCO regions Electricity supply stabilises

LESCO, GEPCO regions Electricity supply stabilises

Electricity demand and supply position stabilised in the Lahore Electric Supply Company (LESCO) and Gujranwala Electric Power Company (GEPCO) regions on Monday as there was no forced load-shedding during Iftar, Tarawee and Sehri timing except the normal o
Published 23 Jun, 2015 12:00am
Murree Brewery Company

Murree Brewery Company

Murree Brewery Company Limited (MUREB) is the oldest Pakistani firm. The company has accumulated more than 150 years of brewing experience. MUREB was founded in 1860 and is based in Rawalpindi, Pakistan. The British - who had established this brewery in 1
Published 23 Jun, 2015 12:00am
Murree Brewery Company

Murree Brewery Company

Murree Brewery Company Limited (MUREB) is the oldest Pakistani firm. The company has accumulated more than 150 years of brewing experience. MUREB was founded in 1860 and is based in Rawalpindi, Pakistan. The British - who had established this brewery in 1
Published 23 Jun, 2015 12:00am
Mitsubishi Corp delegation visits PMEX

Mitsubishi Corp delegation visits PMEX

A delegation of Japanese trading house, Mitsubishi Corporation, visited Pakistan Mercantile Exchange Limited (PMEX) to get acquainted with the operations of the Exchange and to gain a better understanding of commodities trading in Pakistan. Mitsubishi Cor
Published 23 Jun, 2015 12:00am
KP CM threatens to stage sit-in against Pesco

KP CM threatens to stage sit-in against Pesco

KP Chief Minister Pervez Khattak Monday warned Chief Executive Officer (CEO), Peshawar Electricity Supply Company (PESCO) for provision of 13% share of the power generation in the province within a period of one week. Otherwise, he along with opposition p
Published 23 Jun, 2015 12:00am
In-charge Investigation Mundan Bannu Police Station awarded

In-charge Investigation Mundan Bannu Police Station awarded

Inspector General of Police (IGP) Khyber Pakhtunkhwa Nasir Khan Durrani awarded in charge investigation police station Mundan Bannu on convicting and sentenced to death an accused from the court in a ceremony held at CPO Peshawar on Monday. As per details
Published 23 Jun, 2015 12:00am
Court urged to cancel bail of accused

Court urged to cancel bail of accused

The Islamabad High Court (IHC) on Monday issued a notice to the government on a petition seeking cancellation of a bail to an accused allegedly involved in killing a prosecutor of the Federal Investigation Agency (FIA). IHC division bench comprising Justi
Published 23 Jun, 2015 12:00am
19 arrested, 393 fined for profiteering

19 arrested, 393 fined for profiteering

The Islamabad Capital Territory (ICT) administration on Monday imposed fine of Rs 0.36 million on 393 shopkeepers involved in over-charging and not displaying rate lists of food items. An official of the ICT administration said that the price checking tea
Published 23 Jun, 2015 12:00am
ATC sentences accused to 5-year RI

ATC sentences accused to 5-year RI

An Anti-Terrorism Court Quetta on Monday sentenced an accused along with co-accused absconding to five years rigorous imprisonment (RI) in a case of threatening a doctor of abducting his son. The Judge of ATC Aftab Loon hearing the case sentenced accused
Published 23 Jun, 2015 12:00am
Oktopus 360 Media holds ballot for Umrah

Oktopus 360 Media holds ballot for Umrah

The 10th balloting for Umrah Package to one of the employees, was held on 1st of Ramazan (19th June 2015) at the office of Oktopus 360 Media (Formerly Kimco Advertising Pvt Ltd) The lucky draw ceremony was held after Juma Prayers. Waqar H. Haidri, Group C
Published 23 Jun, 2015 12:00am
KP PA passes budget amid opposition boycott

KP PA passes budget amid opposition boycott

Khyber Pakhtunkhwa Assembly Monday passed annual budget for financial year 2015-16 as joint opposition continued boycott of the session against alleged rigging and mismanagement in the recent local bodies' polls in the province. A budget of Rs 487.884 bil
Published 23 Jun, 2015 12:00am
NAB KP arrests DRO, Tehsildar for alleged illegal allotment

NAB KP arrests DRO, Tehsildar for alleged illegal allotment

National Accountability Bureau (NAB) Khyber Pakhtunkhwa Monday arrested accused Khalid Saleem Marwat District Revenue Officer (BPS-18) and Samiullah Tehsildar Abbottabad who illegally allotted measuring 28 Kanal Land situated at Mauza Shahdhand Peshawar i
Published 23 Jun, 2015 12:00am
Government urged to set up 'Rice Development Board'

Government urged to set up 'Rice Development Board'

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the government to set up a Rice Development Board to deal with issues of development and promotion of all varieties of rice in the country, especially the Basmati rice. In a le
Published 23 Jun, 2015 12:00am
Call to rationalise duty on motorcycle spare parts

Call to rationalise duty on motorcycle spare parts

All Pakistan Motorcycle Spare Parts Imports and Dealers Association (APMSPIDA) has urged the federal finance minister to bring the motorcycle spare parts in maximum customs duty slab in the larger interest of the country. The association noted that that i
Published 23 Jun, 2015 12:00am
Two bodies recovered in Turbat

Two bodies recovered in Turbat

The Levies men recovered two bullet riddled bodies here on Monday. Levies sources said that during routine patrolling in Mand area of Turbat, two bullet riddled bodies were found which were shifted to hospital for medico-legal formalities. They were ident
Published 23 Jun, 2015 12:00am
Gun battle in Indian held Kashmir kills three

Gun battle in Indian held Kashmir kills three

Two suspected militants and a civilian were killed in a gun battle in Indian held Kashmir that lasted more than 15 hours, police said on Monday. The shooting began Sunday when government forces cordoned off a village on a tip-off that armed militants were
Published 23 Jun, 2015 12:00am
UNHCR chief meets Sartaj

UNHCR chief meets Sartaj

The UN High Commissioner for Refugees, António Guterres, called on Sartaj Aziz, Adviser to the Prime Minister on National Security and Foreign Affairs, at the Foreign Office today. António Guterres is on a 3-day 'Ramazan Solidarity' visit to the Islamic R
Published 23 Jun, 2015 12:00am
GST cut on oilseeds to cost exchequer Rs 8 billion

GST cut on oilseeds to cost exchequer Rs 8 billion

The reduction of sales tax rate from 17 to 7 percent on the import of canola and sunflower oilseed as well as 6 to 5 percent sales tax cut on the import of soybean oilseed to have an estimated revenue loss of Rs 8 billion to the exchequer. Experts said on
Published 23 Jun, 2015 12:00am
GST cut on oilseeds to cost exchequer Rs 8 billion

GST cut on oilseeds to cost exchequer Rs 8 billion

The reduction of sales tax rate from 17 to 7 percent on the import of canola and sunflower oilseed as well as 6 to 5 percent sales tax cut on the import of soybean oilseed to have an estimated revenue loss of Rs 8 billion to the exchequer. Experts said on
Published 23 Jun, 2015 12:00am
Commissioner can issue notices to taxpayers for audit: FBR

Commissioner can issue notices to taxpayers for audit: FBR

The Federal Board of Revenue (FBR) has declared that commissioner has the jurisdiction to issue notices in exercise of his powers under section 177 of the Income Tax Ordinance, 2001 without selection of a person for audit by FBR under section 214C of the
Published 23 Jun, 2015 12:00am
SHC issues notice on petition of Khalid Shamim's wife

SHC issues notice on petition of Khalid Shamim's wife

The Sindh High Court (SHC) on Monday issued notice to the federal authorities to explain whether an alleged suspect behind the murder of Muttahida Qaumi Movement (MQM) leader Dr Imran Farooq will be transferred outside the country for interrogation. A div
Published 23 Jun, 2015 12:00am
Dar to leave for China

Dar to leave for China

Finance Minister Ishaq Dar would be visiting China from June 28-30 to sign an article of agreement for the Asian Infrastructure Investment Bank (AIIB), it was learnt. Sources said Pakistan would be represented by the Finance Minister and the signing cerem
Published 23 Jun, 2015 12:00am
Overseas Pakistanis PTI's plea rejected

Overseas Pakistanis PTI's plea rejected

Islamabad High Court (IHC) on Tuesday dismissed Pakistan Tehreek-i-Insaaf's (PTI) plea to grant electoral rights to Overseas Pakistanis declaring it premature. A division bench comprising Justice Shaukat Aziz Siddiqui and Justice Athar Minallah took up th
Published 23 Jun, 2015 12:00am
Heatwave in Karachi consequence of global warming: experts

Heatwave in Karachi consequence of global warming: experts

The current heat wave registered in Karachi and other parts of Sindh is a consequence of Global Warming and is closely linked to Global Climate Change related "Time Mover" phenomenon, said experts on Monday. Talking to journalists they reminded that the s
Published 23 Jun, 2015 12:00am
Spell of heat waves: Demand for electronic home appliances skyrockets

Spell of heat waves: Demand for electronic home appliances skyrockets

The continuing historic spell of heat waves has driven out markets of electronic home appliances mainly used for cooling and controlling humidity. The appliances' prices also posted a 50 percent surge due to hot season in the last three days. For the last
Published 23 Jun, 2015 12:00am
Army Education Program 4,000 Balochistan children studying

Army Education Program 4,000 Balochistan children studying

Four thousands children of Balochistan have been getting education in schools under Southern Command- 41 division including 3,500 in Kohlu and Loralai and 500 in Quetta and other cities. According to a press release issued by ISPR, here on Monday, address
Published 23 Jun, 2015 12:00am
Khurshid lashes out at government over loadshedding

Khurshid lashes out at government over loadshedding

Opposition Leader in the National Assembly Syed Khurshid Shah on Monday lashed out at the government for prolong load shedding, adding that it seems the incumbent government might not be able to fulfil its claim to end power crisis by 2018. Talking to med
Published 23 Jun, 2015 12:00am
Rangers set up 10 'heatstroke relief centres'

Rangers set up 10 'heatstroke relief centres'

The Pakistan Rangers (Sindh) has established ten "Heat Stroke Relief Centres" at different locations in the metropolis to provide relief to the people affected by the ongoing heat wave. The doctors and para-medical staff equipped with modern medical facil
Published 23 Jun, 2015 12:00am
Emergency declared at KMC hospitals

Emergency declared at KMC hospitals

In view of the prevailing heat wave in the city as well as forecast for rains, emergency has been declared at the hospitals of Karachi Metropolitan Corporation (KMC). A directive to this effect has been issued by the Administrator of KMC. The hospitals in
Published 23 Jun, 2015 12:00am
Two civilians killed in clash at refugee camp

Two civilians killed in clash at refugee camp

At least two civilians were killed and eight injured in a clash with soldiers at a camp for internally displaced people in North West, officials said on Monday. The incident occurred on Friday at the Bakkakhel refugee camp in the Khyber-Pakhtunkhwa region
Published 23 Jun, 2015 12:00am
KU awards 47 PhD, seven MPhil degrees

KU awards 47 PhD, seven MPhil degrees

The Board of Advanced Studies and Research (BASR), University of Karachi, in its meeting on June 19, 2015, under the chairmanship of KU Vice-Chancellor Professor Muhammad Qaiser, awarded 47 PhD and seven MPhil degrees in various disciplines. According to
Published 23 Jun, 2015 12:00am
Rs 439.8 billion agriculture loans disbursed during July-May

Rs 439.8 billion agriculture loans disbursed during July-May

The banks have disbursed Rs 439.8 billion during the first eleven months (July- May) of the current fiscal year (FY15). The disbursed amount is 88 percent of the overall annual target of Rs 500 billion and 31.4 percent higher than disbursement of Rs 334.7
Published 23 Jun, 2015 12:00am
Foreigners' security cell to be strengthened

Foreigners' security cell to be strengthened

The foreigners' security cell would be strengthened further. This was decided in a high level meeting held at the Central Police Office here on Monday. The Inspector General of Police (IGP), Sindh, Ghulam Haider Jamali, presided. It reviewed security matt
Published 23 Jun, 2015 12:00am
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