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Apr 27, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-06-30
Euro down in Europe but showing few signs of panic over Greece
Currency

Euro down in Europe but showing few signs of panic over Greece

The euro proved broadly resilient on Monday to Greece's moving one step closer to an exit from the single currency, helped by intervention by the Swiss National Bank and investors concluding that the situation in Athens still has some way to run. Greece l
Published 30 Jun, 2015 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Interbank buy/sell rates for the taka against the dollar on Monday. 77.80-77.81 (previous 77.80-77.80). Call Money Rates: 05.25-6.75 percent (Previous 05.25-06.75 percent).
Published 30 Jun, 2015 12:00am
South Africa's rand weakens
Currency

South Africa's rand weakens

South Africa's rand weakened on Monday as the threat of a debt default by Greece sapped market appetite for risky assets, dragging the local currency to a one month low to the dollar. By 1545 the rand had recovered some ground, weakening 0.7 percent to 12
Published 30 Jun, 2015 12:00am
Asian currencies: ringgit at 10-year low
Currency

Asian currencies: ringgit at 10-year low

Most emerging Asian currencies lost ground on Monday, with the Malaysian ringgit trading at a 10-year low, as Greece looked to be heading for a default on its debt, causing investors to head for safer assets. China's central bank cut lending rates on Satu
Published 30 Jun, 2015 12:00am
Sri Lankan spot rupee ends steady
Currency

Sri Lankan spot rupee ends steady

The Sri Lankan rupee ended steady in dull trade on Monday as a state-run bank, through which the central bank usually directs the market, sold dollars at 133.70, but the supply of greenbacks did not meet demand by importers, dealers said. "The state bank
Published 30 Jun, 2015 12:00am
Aussie and New Zealand dollar steady

Aussie and New Zealand dollar steady

The Australian and New Zealand dollars steadied on Monday as demand against the euro helped the pair regain early losses, while bonds stayed bid on the mounting risk of a Greek default. The Aussie was at $0.7656 having bounced from an 11-week trough aroun
Published 30 Jun, 2015 12:00am
Sterling hits highest in over seven years
Currency

Sterling hits highest in over seven years

Sterling hit a 7 1/2-year high against the euro on Monday as investors veered towards currencies perceived to be a safe haven after Greece imposed capital controls. The pound fell from those highs in afternoon trade but was still firmer on the day, with t
Published 30 Jun, 2015 12:00am
Canadian dollar falls on Greece worries
Currency

Canadian dollar falls on Greece worries

The Canadian dollar weakened against its US counterpart on Monday as global uncertainty mounted after Greece shut its banks, but losses were limited. At 9:14 am EDT (1314 GMT), the Canadian dollar was trading at C$1.2371 to the greenback, or 80.83 US cent
Published 30 Jun, 2015 12:00am
Egypt restricts GDR deals to pounds for local investors
Currency

Egypt restricts GDR deals to pounds for local investors

Egypt's bourse on Monday ordered that Egyptian investors who buy global depository receipts (GDRs) by purchasing shares on the Cairo exchange in Egyptian pounds may only receive their returns in that same local currency. The move appeared aimed at elimina
Published 30 Jun, 2015 12:00am
Czech legend Josef Masopust dies

Czech legend Josef Masopust dies

Legendary Czech midfielder Josef Masopust, the 1962 Ballon d'Or winner, died aged 84 on Monday, following a long illness, Petr Prochazka from the Josef Masopust Friends Club told AFP. "The knight of sport Josef Masopust died quietly in his flat, surrounde
Published 30 Jun, 2015 12:00am
Cech joins Arsenal from Chelsea

Cech joins Arsenal from Chelsea

Petr Cech has agreed to join Arsenal from Premier League champions Chelsea on a "long-term contract for an undisclosed fee", the Gunners announced on their website on Monday. The 33-year-old Czech international goalkeeper made over 400 appearances during
Published 30 Jun, 2015 12:00am
Homeless Sierra Leone suffer in Africa

Homeless Sierra Leone suffer in Africa

Sierra Leone bowed out of 2016 African Nations Championship (CHAN) qualifying at the weekend as playing 'home' matches away because of the Ebola epidemic took its toll. The west Africans lost 2-0 in Mauritania and were eliminated 4-1 on aggregate from the
Published 30 Jun, 2015 12:00am
Gillespie defends 'Dad's Army' comment

Gillespie defends 'Dad's Army' comment

Jason Gillespie insisted Monday he was simply giving an honest answer to a question when he highlighted the ages of several players in Australia's squad ahead of their Ashes series against England. Gillespie's comments led current Australia coach Darren L
Published 30 Jun, 2015 12:00am
Singapore billionaire acquires Ronaldo image rights

Singapore billionaire acquires Ronaldo image rights

Singaporean billionaire Peter Lim, the owner of Spanish club Valencia, has expanded into sports marketing by acquiring the image rights for football superstar Cristiano Ronaldo, it was announced Monday. Mint Media, a Hong Kong-based firm owned by Lim, sai
Published 30 Jun, 2015 12:00am
Rahane to lead second-string India in Zimbabwe

Rahane to lead second-string India in Zimbabwe

Middle-order batsman Ajinkya Rahane was Monday named captain of a second-string Indian team for a short limited-overs tour of Zimbabwe as the selectors rested key players including captain Mahendra Singh Dhoni. Virat Kohli, Rohit Sharma, Ravichandran Ashw
Published 30 Jun, 2015 12:00am
Sri Lanka chase down 153, level Pakistan series

Sri Lanka chase down 153, level Pakistan series

Dimuth Karunaratne hit 50 off 56 balls as Sri Lanka trounced Pakistan by seven wickets in the second Test in Colombo on Monday to square the three-match series 1-1. Chasing 153 to win, the hosts made light of a delayed start of 30 minutes due to a wet out
Published 30 Jun, 2015 12:00am
Yemen's Houthis shell Aden refinery for second time in 3 days

Yemen's Houthis shell Aden refinery for second time in 3 days

Houthi forces in Yemen shelled the oil refinery in the southern city of Aden on Monday for the second time in three days, an official at the facility said, hitting an empty fuel tank with a rocket. The Houthis, who took over the capital Sanaa last Septemb
Published 30 Jun, 2015 12:00am
Ex-senator charged in case of journalist's murder in Poland

Ex-senator charged in case of journalist's murder in Poland

Polish prosecutors on Monday charged former senator and millionaire businessman Aleksander Gawronik with incitement to murder in the 1992 disappearance of an investigative journalist. Jaroslaw Zietara was investigating tax evasion by businesses involving
Published 30 Jun, 2015 12:00am
UAE sentences Emirati woman to death for killing US teacher

UAE sentences Emirati woman to death for killing US teacher

A United Arab Emirates court on Monday sentenced a UAE woman to death for the Islamist-inspired killing of an American kindergarten teacher in December, the state news agency WAM said. The teacher, identified as Romanian-born Ibolya Ryan, a mother of 11-y
Published 30 Jun, 2015 12:00am
US Supreme Court backs use of controversial lethal injection drug

US Supreme Court backs use of controversial lethal injection drug

The US Supreme Court on Monday upheld the use of a controversial sedative in executions by lethal injection, saying it does not violate the Constitution. In a 5-4 ruling, its five conservative-leaning justices said that the plaintiffs - death row inmates
Published 30 Jun, 2015 12:00am
US Supreme Court rejects EPA mercury emissions limits

US Supreme Court rejects EPA mercury emissions limits

The US Supreme Court on Monday rejected federal environmental regulations requiring power plants to limit emissions of mercury and other pollutants, in a defeat for the Obama administration. In a 5-4 decision split along conservative and liberal lines, Am
Published 30 Jun, 2015 12:00am
Two Uber bosses taken into custody in France

Two Uber bosses taken into custody in France

Two top Uber bosses were taken into custody in France Monday as part of a probe into their ride-booking app which has sparked violent protests from regular taxi drivers, the company said. An investigation was opened in 2014 into the UberPOP application wh
Published 30 Jun, 2015 12:00am
Grenade blasts and boycott in Burundi's polls

Grenade blasts and boycott in Burundi's polls

Burundians voted Monday in controversial elections marked by grenade attacks, an opposition boycott and international condemnation, with the election commission claiming an "enormous" turnout despite many polling stations remaining quiet. Assailants threw
Published 30 Jun, 2015 12:00am
Tunisia arrests suspects associated with beach hotel attacker
Currency

Tunisia arrests suspects associated with beach hotel attacker

Tunisian authorities have arrested a group of suspects associated with the gunman who killed 39 people, mainly British tourists, in a beach hotel attack claimed by Islamic State, the interior minister said on Monday. British interior minister Theresa May,
Published 30 Jun, 2015 12:00am
Solar-powered plane takes off from Japan

Solar-powered plane takes off from Japan

A solar-powered plane took off from Japan on Monday on the seventh leg of its journey round the world, a trans-Pacific crossing expected to be the toughest part of the trip. The Solar Impulse 2 left Nanjing, China, on May 31 for Hawaii, but was forced to
Published 30 Jun, 2015 12:00am
Facebook opens first Africa office

Facebook opens first Africa office

Facebook announced Monday it had opened its first African office in Johannesburg as part of its efforts "to help people and businesses connect" on the continent. The office will be headed by Nunu Ntshingila, a former executive at the advertising agency Og
Published 30 Jun, 2015 12:00am
Western Europe bakes in heatwave

Western Europe bakes in heatwave

Temperatures soared above 40 degrees (104 degrees Fahrenheit) in Spain and Portugal on Monday prompting health concerns and the scorching heat was expected to move north to France and Britain later in the week. The soaring temperatures prompted Spain's na
Published 30 Jun, 2015 12:00am
Syrian army retakes parts of Hasakeh from IS: monitor

Syrian army retakes parts of Hasakeh from IS: monitor

Syrian regime forces took back several parts of a neighbourhood in the north-eastern city of Hasakeh from the Islamic State group on Monday, but heavy clashes continued, a monitor said. The Syrian Observatory for Human Rights, a Britain-based monitor, sai
Published 30 Jun, 2015 12:00am
In turf war with Afghan Taliban, Islamic State loyalists gain ground

In turf war with Afghan Taliban, Islamic State loyalists gain ground

Fighters loyal to Islamic State have seized substantial territory in Afghanistan for the first time, witnesses and officials said, wresting areas in the east from rival Taliban insurgents in a new threat to stability. Witnesses who fled fighting in Nangar
Published 30 Jun, 2015 12:00am
IS militants are plotting 'terrible' UK attacks: Cameron

IS militants are plotting 'terrible' UK attacks: Cameron

Prime Minister David Cameron warned on Monday that Islamic State militants based in Syria and Iraq were planning specific attacks against Britain and posed an existential threat to the West. Cameron was speaking after an Islamist gunman killed up to 30 Br
Published 30 Jun, 2015 12:00am
France pushes new Quartet-plus for ME peace

France pushes new Quartet-plus for ME peace

France wants a new international group made up of the United States, European powers and Arab countries to be set up to revive Israeli-Palestinian peace talks, Foreign Minister Laurent Fabius said Monday. "It could be a sort of Quartet-plus," Fabius told
Published 30 Jun, 2015 12:00am
Israel bars foreign activist flotilla from reaching Gaza

Israel bars foreign activist flotilla from reaching Gaza

Israel said on Monday it had blocked a boat leading a four-vessel protest flotilla of foreign activists from reaching the Gaza Strip and forced it to sail to an Israeli port. An Israeli military statement said there was no violence in the incident, in whi
Published 30 Jun, 2015 12:00am
Israel snubs UN rights body over Gaza war report

Israel snubs UN rights body over Gaza war report

Israel snubbed a United Nations Human Rights Council session Monday debating a scathing report detailing likely war crimes committed during last year's Gaza war, with Israel's ambassador slamming the body as "morally flawed". "I am out here and not in the
Published 30 Jun, 2015 12:00am
Over 500 arrested in Europol organised crime swoops

Over 500 arrested in Europol organised crime swoops

European police have arrested over 500 suspects, seized over 2.8 tonnes of cocaine and hundreds of vehicles in a series of raids against organised crime, Europol said on Monday. Police from all 28 European Union countries and elsewhere carried out the rai
Published 30 Jun, 2015 12:00am
Suicide blast in Chad capital kills 11

Suicide blast in Chad capital kills 11

Suspected Boko Haram fighters blew themselves up during a police raid in Chad's capital early on Monday, killing five officers and six militants, police and government officials said. The raid of an illegal arms cache was part of a security operation aime
Published 30 Jun, 2015 12:00am
US says there's a way to give UN access to Iran sites

US says there's a way to give UN access to Iran sites

Global powers negotiating with Iran have put forward proposals to give the UN atomic watchdog access to all suspect Iranian sites as part of the outlines of a deal, a senior US official said Monday. "We have worked out a process that we believe will ensur
Published 30 Jun, 2015 12:00am
Hundreds protest against Dalai Lama in Britain

Hundreds protest against Dalai Lama in Britain

Hundreds of Buddhist protesters demonstrated against the Dalai Lama on Monday as the spiritual leader arrived in the British army town of Aldershot, where many current and former Nepalese Gurkha soldiers live. The demonstrators were Shugden Buddhists, who
Published 30 Jun, 2015 12:00am
Pace of climate talks far too slow: UN chief

Pace of climate talks far too slow: UN chief

UN Secretary-General Ban Ki-moon said Monday that negotiations on climate change were moving too slowly and urged governments to quicken the pace ahead of the December conference on reaching a new global deal. French Foreign Minister Laurent Fabius echoed
Published 30 Jun, 2015 12:00am
Anti-terror fight enters final phase

Anti-terror fight enters final phase

Army is preparing for a final push in the coming weeks in its fight against militants, but there are concerns that rights are being rolled back in the name of defeating terror. A year on from the launch of a major offensive to eradicate strongholds of Tal
Published 30 Jun, 2015 12:00am
CM Punjab reviews implementation of NAP

CM Punjab reviews implementation of NAP

Punjab Chief Minister Muhammad Shahbaz Sharif presided over a high level meeting here on Monday which reviewed the law and order situation in the province, project of setting up Punjab Police Integrated Command, Control and Communication Center and measur
Published 30 Jun, 2015 12:00am
Jica provides colourful books to PEF students

Jica provides colourful books to PEF students

The Japan International Co-operation Agency (Jica) has provided colourful books to students enrolled in evening schooling project of the Punjab Education Foundation (PEF). A book distribution ceremony took place on Monday at the Foundation's head office w
Published 30 Jun, 2015 12:00am
ET dismisses application of PPP leader

ET dismisses application of PPP leader

An election tribunal while dismissing an application of PPP leader Imtiaz Safdar Warraich against election of PML-N Tariq Mahmood held that alleged rigging was not found in the constituency concerned NA-98. The defence counsel told to the tribunal judge t
Published 30 Jun, 2015 12:00am
Bilawal asks Sindh government departments to present performance reports

Bilawal asks Sindh government departments to present performance reports

Pakistan People's Party chairman Bilawal Bhutto Zardari has asked all government departments to submit performance report on Monday. The PPP chairman decided to check the performance of all departments thoroughly. Nisar Khuhro and Murad Ali Shah have met
Published 30 Jun, 2015 12:00am
JI chief blames PPP, PML-N for problems in Sindh

JI chief blames PPP, PML-N for problems in Sindh

Jamaat-e-Islami Chief Senator Sirajul Haq has blamed the Pakistan Peoples' Party and Pakistan Muslim League-Nawaz for being jointly responsible for problems being faced by the Sindh province. He was critical of the Karachi situation, telling a press confe
Published 30 Jun, 2015 12:00am
Government committed to enhancing educational ratio: minister

Government committed to enhancing educational ratio: minister

Provincial Minister for Labour & HR Raja Ashfaq Sarwer alongwith Federal Minister for Defence Production, Science & Technology Rana Tanveer Hussain has said that present government is fully committed to enhance educational ratio, supporting private sector
Published 30 Jun, 2015 12:00am
Eid shopping yet to gain momentum

Eid shopping yet to gain momentum

Eid shopping spree has not yet gained momentum in the city in the wake of hot and sultry weather persisting in the city since last Saturday. The searing heatwave that had already claimed more than 1200 lives in the metropolis has, so far, kept the shopper
Published 30 Jun, 2015 12:00am
36 more people die of heatstroke in Karachi

36 more people die of heatstroke in Karachi

As many as 36 more people died of heatstroke on Monday brining the death tally to 1219 in the city, official data said. According to Director General Health Sindh Hassan Murad Shah, ongoing heatwave has claimed 1,229 lives across Sindh province so far, ou
Published 30 Jun, 2015 12:00am
Three killed in tractor-trolley collision

Three killed in tractor-trolley collision

At least three people including a minor died in collision between tractor trolley and auto-rickshaw here on Monday. Police said that the accident occurred at Areeja Road in Larkana where an over speeding tractor trolley hit an auto-rickshaw. Three persons
Published 30 Jun, 2015 12:00am
PACRA maintains NIB Bank ratings

PACRA maintains NIB Bank ratings

The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of NIB Bank Limited (NIB) at "AA-"(Double A Minus) and "A1+" (A One Plus), respectively. These ratings denote a very low expectation of credit risk. The r
Published 30 Jun, 2015 12:00am
PACRA maintains NIB Bank ratings

PACRA maintains NIB Bank ratings

The Pakistan Credit Rating Agency (PACRA) has maintained the long-term and short-term entity ratings of NIB Bank Limited (NIB) at "AA-"(Double A Minus) and "A1+" (A One Plus), respectively. These ratings denote a very low expectation of credit risk. The r
Published 30 Jun, 2015 12:00am
New de-limitation: PTI's petition referred to LHC CJ

New de-limitation: PTI's petition referred to LHC CJ

Justice Ijazul Hassan of the Lahore High Court on Monday referred a petition of Pakistan Tehreek-i-Insaf leader Jahangir Tareen against new delimitation to chief justice for fixing it before some other bench. Tareen had challenged the new delimitation don
Published 30 Jun, 2015 12:00am
J.D.W. Sugar Mills Limited

J.D.W. Sugar Mills Limited

J.D.W Sugar Mills Limited was founded in 1990 in Rahim Yar Khan. Its market capitalisation is north of Rs 18 billion, making it the only sugar company in the KSE100. As far as sugar companies go, the next-largest by market cap is Habib Sugar with just ove
Published 30 Jun, 2015 12:00am
J.D.W. Sugar Mills Limited

J.D.W. Sugar Mills Limited

J.D.W Sugar Mills Limited was founded in 1990 in Rahim Yar Khan. Its market capitalisation is north of Rs 18 billion, making it the only sugar company in the KSE100. As far as sugar companies go, the next-largest by market cap is Habib Sugar with just ove
Published 30 Jun, 2015 12:00am
ISE approves REIT listing

ISE approves REIT listing

The Islamabad Stock Exchange Limited has approved the application for formal listing and quotation of Units of Dolmen City REIT on completion of all formalities required under the Listing Regulations of the Exchange w.e.f June 26, 2015.
Published 30 Jun, 2015 12:00am
September 30th deadline: Late filers face USAS disqualification

September 30th deadline: Late filers face USAS disqualification

To avoid disqualification of Universal Self Assessment Scheme (USAS) along with payment of huge penalty for late filing, taxpayers have been advised to timely file their income tax returns for the Tax Year 2015 by September 30 deadline this year.
Published 30 Jun, 2015 12:00am
Agents for allowing private trucks to carry export goods

Agents for allowing private trucks to carry export goods

A delegation of Frontier Customs Agents Group, Khyber Pakhtunkhwa called on Collector Customs, Peshawar Qurban Ali Khan and demanded allowing Custom Squad accompanied private trucks to carry Afghanistan bound export goods. The delegation headed by chairma
Published 30 Jun, 2015 12:00am
AIIB to pose challenge to WB, ADB: experts

AIIB to pose challenge to WB, ADB: experts

The establishment of Asian Infrastructure Investment Bank (AIIB) may be a matter of concern for the World Bank (WB) and Asian Development Bank (ADB) as it would limit their leverage and monopoly in infrastructure sector, according to economists.
Published 30 Jun, 2015 12:00am
PTCL signs agreement with Samba Bank

PTCL signs agreement with Samba Bank

Pakistan Telecommunication Company Limited (PTCL) has signed an agreement with Samba Bank Limited - owned subsidiary of Samba Financial Group - for provision of Data Center Services. The agreement was inked by Kamal Ahmed, CDSO PTCL and Shahid Sattar, Pre
Published 30 Jun, 2015 12:00am
TTP's terror plot foiled; 4 killed: Khanzada

TTP's terror plot foiled; 4 killed: Khanzada

Provincial Home Minister Shuja Khanzada has said that a terrorist attempt by Tehreek-e-Taliban Pakistan was foiled as security forces in a joint operation in Kala Shah Kaku area killed four TTP terrorists and arrested two others in injured condition. "Thi
Published 30 Jun, 2015 12:00am
SECP approves 2015 Book Building Regulations

SECP approves 2015 Book Building Regulations

As part of its mandate to promote the primary market and to extend maximum facilitation to initial public offerings (IPOs) in Pakistan, the Policy Board of the Securities and Exchange Commission of Pakistan (SECP) has approved the 2015 Book-Building Regul
Published 30 Jun, 2015 12:00am
Chaudhry Zulfiqar murder case Accused applies for bail

Chaudhry Zulfiqar murder case Accused applies for bail

An accused in the murder case of Chaudhry Zulfiqar Ali has applied for bail before the Islamabad High Court (IHC). Earlier, IHC took up the petition seeking cancellation of bail of Abdullah Umar, an accused in the murder of special prosecutor of the Feder
Published 30 Jun, 2015 12:00am
Swiss CG calls on DG CAA

Swiss CG calls on DG CAA

Consul General of Switzerland Emil Wyss called on Director General Civil Aviation Authority (CAA) Air Marhsal Muhammad Yousaf (Retd) and apprised him about the progress of the 100 days "Pakistan-Switzerland Friendship Exhibition" held here at the Jinnah I
Published 30 Jun, 2015 12:00am
ATC extends remand of Saffora attack suspects

ATC extends remand of Saffora attack suspects

An Anti-Terrorism Court (ATC) extended on Monday physical remand of three suspects and handed them over to police till 13th July 2015 for their alleged involvement in Saffora bus carnage. The police produced the accused alleged master mind of attack Tahir
Published 30 Jun, 2015 12:00am
Handmade carpets showcased at Xining Exhibition

Handmade carpets showcased at Xining Exhibition

The Xining International Carpet Exhibition 2015, held on June 25-29 in Qinghai, provided an excellent opportunity to showcase the unique quality Pakistani handmade carpets to the Chinese market, the major potential market of Pakistani hand-knotted carpets
Published 30 Jun, 2015 12:00am
Illegal appointments SHC summons NAB officer

Illegal appointments SHC summons NAB officer

The Sindh High Court on Monday summoned the National Accountability Bureau's officer investigating a case pertaining to illegal appointment of 26 officers in the minority affairs department, along with the material of the case. A division bench headed by
Published 30 Jun, 2015 12:00am
Heatwave deaths: people call for stern action against K-Electric

Heatwave deaths: people call for stern action against K-Electric

Citizens have asked the Federal government to take stern action against K-Electric, saying that hundreds of innocent citizens lost their precious lives due to suffocation inside their homes and apartments caused by prolonged load shedding during the recen
Published 30 Jun, 2015 12:00am
Model Customs Collectorates to open today

Model Customs Collectorates to open today

The Federal Board of Revenue (FBR) has directed to keep all Model Customs Collectorates open on June 30 till 12:00 (midnight) to facilitate taxpayers in the last two days of the current financial year. All Model Customs Collectorates will observe extended
Published 30 Jun, 2015 12:00am
Heatstroke deaths: SHC issues notices to respondents

Heatstroke deaths: SHC issues notices to respondents

The Sindh High Court on Monday issued notices to the federal and provincial law officers on a petition seeking action against all those responsible for over 1000 deaths caused by punishing heatwave, loadshedding and water shortage. A division bench, heade
Published 30 Jun, 2015 12:00am
Hot and humid weather forecast for Karachi

Hot and humid weather forecast for Karachi

The Met Office on Monday forecast a hot and humid weather for Karachi with maximum 38 degree Celsius temperature in the next 24 hours. In the last 24 hours, the city's temperature soared to 37 degree Celsius with 66 percent humidity in the air, the office
Published 30 Jun, 2015 12:00am
Extra-ordinary performance D I Khan police awarded

Extra-ordinary performance D I Khan police awarded

The Inspector General of Police (IGP) Khyber Pakhtunkhwa, Nasir Khan Durrani awarded D.I.Khan police on extra-ordinary performance of bravery shown against dreaded terrorists in a ceremony held at CPO Peshawar Monday. According to details the other day a
Published 30 Jun, 2015 12:00am
CDA announces Rs 37.69 billion budget

CDA announces Rs 37.69 billion budget

The Capital Development Authority (CDA) on Monday announced Rs 37.69 billion budget for financial year 2015-2016, which is 18 percent less than the current financial year budget 2014-15. A senior official of CDA while quoting the budget document said that
Published 30 Jun, 2015 12:00am
CDA announces Rs 37.69 billion budget

CDA announces Rs 37.69 billion budget

The Capital Development Authority (CDA) on Monday announced Rs 37.69 billion budget for financial year 2015-2016, which is 18 percent less than the current financial year budget 2014-15. A senior official of CDA while quoting the budget document said that
Published 30 Jun, 2015 12:00am
KMC imposes ban on use of air conditioners

KMC imposes ban on use of air conditioners

KMC Administrator Roshan Ali Shaikh has imposed a ban on the usage of air-conditioner in all KMC offices before 11am and also in the absence of the officers concerned. Addressing a meeting in Civic Centre, he directed the officers that due to current load
Published 30 Jun, 2015 12:00am
Ministry notifies heat-wave probe body

Ministry notifies heat-wave probe body

The Ministry of Climate Change has notified a heat-wave probe committee on the directions of the Federal minister for Climate Change, which will delve into the causes of heat-wave spell in the country, particularly in Karachi. Former Director General of P
Published 30 Jun, 2015 12:00am
Faysal Bank, dealtoday.pk sign strategic alliance

Faysal Bank, dealtoday.pk sign strategic alliance

Faysal Bank Limited (FBL), one of the leading banks in Pakistan now becomes a pioneer for introducing the first ever online payment solution and instalment booking plans for its credit card customers in collaboration with dealtoday.pk, one of Pakistan's p
Published 30 Jun, 2015 12:00am
Pacra maintains ratings of Pak Libya Holding Company

Pacra maintains ratings of Pak Libya Holding Company

The Pakistan Credit Rating Agency Limited (PACRA) has maintained the long-term and short-term entity ratings of Pak Libya Holding Company (Private) Limited at AA- (Double A minus) and A1+ (A one plus), respectively. Ratings of PPTFCs of Rs 750 million an
Published 30 Jun, 2015 12:00am
Pacra maintains ratings of Pak Libya Holding Company

Pacra maintains ratings of Pak Libya Holding Company

The Pakistan Credit Rating Agency Limited (PACRA) has maintained the long-term and short-term entity ratings of Pak Libya Holding Company (Private) Limited at AA- (Double A minus) and A1+ (A one plus), respectively. Ratings of PPTFCs of Rs 750 million an
Published 30 Jun, 2015 12:00am
Pacra maintains entity, instrument ratings of Bank AL-Habib

Pacra maintains entity, instrument ratings of Bank AL-Habib

The Pakistan Credit Rating Agency (PACRA) has maintained long-term and short-term entity ratings of Bank AL Habib Limited (BAHL) at "AA+" (Double A Plus) and "A1+" (A One Plus), respectively. The rating of one privately placed, unsecured subordinated TFC
Published 30 Jun, 2015 12:00am
Pacra maintains entity, instrument ratings of Bank AL-Habib

Pacra maintains entity, instrument ratings of Bank AL-Habib

The Pakistan Credit Rating Agency (PACRA) has maintained long-term and short-term entity ratings of Bank AL Habib Limited (BAHL) at "AA+" (Double A Plus) and "A1+" (A One Plus), respectively. The rating of one privately placed, unsecured subordinated TFC
Published 30 Jun, 2015 12:00am
Pacra assigns positive outlook to BoP ratings

Pacra assigns positive outlook to BoP ratings

The Pakistan Credit Rating Agency (PACRA) has assigned 'Positive Outlook' to the long-term and short-term entity ratings of 'AA-' (Double A minus) and 'A1+' (A one plus), respectively, of The Bank of Punjab. The ratings denote a very low expectation of cr
Published 30 Jun, 2015 12:00am
Pacra assigns positive outlook to BoP ratings

Pacra assigns positive outlook to BoP ratings

The Pakistan Credit Rating Agency (PACRA) has assigned 'Positive Outlook' to the long-term and short-term entity ratings of 'AA-' (Double A minus) and 'A1+' (A one plus), respectively, of The Bank of Punjab. The ratings denote a very low expectation of cr
Published 30 Jun, 2015 12:00am
Philippines opens quota of 50,000MT of rice

Philippines opens quota of 50,000MT of rice

Philippines opened a quota of 50,000 MT of rice for Pakistan, which is likely to earn a foreign exchange of some $19 million by exporting this quantity, REAP said. Previously, Pakistan exported rice to Philippines in 2010, however for the first time Pakis
Published 30 Jun, 2015 12:00am
Indus Hospital Citibank N A celebrates 10th Global Community Day

Indus Hospital Citibank N A celebrates 10th Global Community Day

Citibank N.A., Pakistan in Karachi celebrated its 10th Global Community Day at the Indus Hospital with around 600 patients and their families. Indus Hospital is a state of the art facility that provides health facilities free of cost to everyone. The even
Published 30 Jun, 2015 12:00am
Rehan Faiz appointed GM of PC Karachi

Rehan Faiz appointed GM of PC Karachi

Hashoo Group Hospitality Division has announced the appointment of Rehan Faiz Pirzada as General Manager of Pearl Continental Hotel Karachi. According to a statement issued here Monday, Pirzada is a seasoned hotelier, having more than 20 years experience
Published 30 Jun, 2015 12:00am
ATC grants bail to Amir Khan

ATC grants bail to Amir Khan

An Anti-Terrorism Court (ATC) on Monday granted bail to senior Muttahida Qaumi Movement (MQM) leader Aamir Khan in a case pertaining to instigating terrorism and harbouring criminals. Aamir Khan was produced before the ATC judge amid tight security. The c
Published 30 Jun, 2015 12:00am
Dawood Public School organises summer camp

Dawood Public School organises summer camp

As part of its philanthropic endeavours and an aim to promote education across all segments of society, Dawood Public School recently launched a Summer Camp for the children of its support staff at the school premises. Keeping in view the spirit of Ramada
Published 30 Jun, 2015 12:00am
KP CM Secretariat Impression of increased expenses dispelled

KP CM Secretariat Impression of increased expenses dispelled

A spokesman for the Khyber Pakhtunkhwa Chief Minister Secretariat has dispelled the impression of increase in the expenditure of the secretariat and said that the provincial government has curtailed the expenses. Clarifying the factual position a spokesma
Published 30 Jun, 2015 12:00am
KP government prepares comprehensive mineral investment policy

KP government prepares comprehensive mineral investment policy

Khyber Pakhtunkhwa Minister for Mineral Development Ziaullah Afridi has said that the provincial government had prepared a comprehensive policy for promotion of investment in mineral sectors. He said that besides the exploration of the new mineral reserve
Published 30 Jun, 2015 12:00am
PAEL offers deal to NBP

PAEL offers deal to NBP

Pak Elektron (PAEL), one of country's pioneer manufacturers of electrical goods, has decided to issue 40 million shares to National Bank of Pakistan (NBP) to swap its Rs 3.2 billion debt into equity. The decision was taken by the company's Board of Direct
Published 30 Jun, 2015 12:00am
K-Electric asks customers to avoid using unnecessary power equipment

K-Electric asks customers to avoid using unnecessary power equipment

K-Electric in its recent press statement has requested its valued customers to avoid using unnecessary electricity equipment at this time of excessive heatwave in Karachi. KE said that with the rise of temperature and increasing demand of electricity has
Published 30 Jun, 2015 12:00am
CIMA elects Myriam Madden as new president

CIMA elects Myriam Madden as new president

CIMA, the Chartered Institute of Management Accountants, has elected Myriam Madden FCMA, CGMA as President for the forthcoming year following the annual general meeting on 29 June. Myriam is an experienced Director of Finance, specialising in finance and
Published 30 Jun, 2015 12:00am
SNGPL awards Rs 2.5 billion contract to Crescent Steel

SNGPL awards Rs 2.5 billion contract to Crescent Steel

The Sui Northern Gas Pipelines Limited (SNGPL) has awarded Rs 2.537 billion contracts to Crescent Steel and Allied Products Limited for the supply of bare pipes. The monetary value of the SNGPL's orders, the steel producer in a stock filing Monday said, i
Published 30 Jun, 2015 12:00am
SNGPL awards Rs 2.5 billion contract to Crescent Steel

SNGPL awards Rs 2.5 billion contract to Crescent Steel

The Sui Northern Gas Pipelines Limited (SNGPL) has awarded Rs 2.537 billion contracts to Crescent Steel and Allied Products Limited for the supply of bare pipes. The monetary value of the SNGPL's orders, the steel producer in a stock filing Monday said, i
Published 30 Jun, 2015 12:00am
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