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May 05, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-07-27
Iran accuses Bahrain of stoking Gulf tensions

Iran accuses Bahrain of stoking Gulf tensions

Iran on Sunday accused Sunni-ruled Bahrain of stoking tensions in the Gulf by making unfounded allegations against it, the official IRNA news agency reported. "It is clear that the government of Bahrain, by repeating unfounded allegations, seeks to create
Published 27 Jul, 2015 12:00am
Pope signs up for World Youth Day using iPad

Pope signs up for World Youth Day using iPad

Pope Francis on Sunday became the first person registered for next year's World Youth Day festivities, using an iPad to sign up while addressing thousands of pilgrims and tourists in Saint Peter's Square.
Published 27 Jul, 2015 12:00am
Trump tops CNN poll of 2016 Republicans, says he leads 'movement'

Trump tops CNN poll of 2016 Republicans, says he leads 'movement'

Real estate magnate Donald Trump moved to the top of the 2016 Republican presidential field in a CNN poll released on Sunday, edging rival Jeb Bush and gaining support from Republicans in the last month despite a series of controversial statements.
Published 27 Jul, 2015 12:00am
Tells Kenyans they can succeed, sees challenges

Tells Kenyans they can succeed, sees challenges

US President Barack Obama told Kenyans on Sunday on his first presidential trip to his father's homeland there was "no limit to what you can achieve" but said they had to deepen democracy, tackle corruption and end exclusion based on gender or ethnicity.
Published 27 Jul, 2015 12:00am
Obama begins Ethiopia, African Union visit

Obama begins Ethiopia, African Union visit

US President Barack Obama landed in Ethiopia on Sunday, beginning a two-day stay and becoming the first American leader to visit Africa's second most populous nation. Air Force One touched down at Addis Ababa's international airport after a short flight n
Published 27 Jul, 2015 12:00am
Russia revises navy doctrine over Nato's 'inadmissible' expansion

Russia revises navy doctrine over Nato's 'inadmissible' expansion

Russia aims to boost the strategic positions of its navy on the Black Sea and seek to maintain an Atlantic and Mediterranean presence, according its latest naval doctrine which has been revised over NATO's "inadmissible" expansion.
Published 27 Jul, 2015 12:00am
Rains, floods leave seven dead in Muzaffargarh district

Rains, floods leave seven dead in Muzaffargarh district

A youth Bagh Ali Langah alias Bagha and his father Muhammad Yaquob Langah have died of lightning when they were shifting their belongings to safe places in a boat from the flood-hit area, told DPO Muzaffargarh Awais Ahmed Malik. He said that another two p
Published 27 Jul, 2015 12:00am
Six flood-hit districts: 133 medical teams providing facilities

Six flood-hit districts: 133 medical teams providing facilities

Advisor to Chief Minister Punjab on Health Khawaja Salman Rafique has said that 133 medical teams of Health Department are busy to provide medical facilities to the flood affectees in 67 union councils of six districts ie Dera Ghazi Khan, Muzaffargarh, La
Published 27 Jul, 2015 12:00am
'Construction of dams vital to country'

'Construction of dams vital to country'

Central leader of the Businessman Panel and former vice president FPCCI Khurram Sayeed has said Pakistan cannot become a stable country without construction of big dams. He said that masses would not have faced the problem of floods, if mega dams were con
Published 27 Jul, 2015 12:00am
Traders reiterate pro-Kalabagh Dam Demand

Traders reiterate pro-Kalabagh Dam Demand

The business community of Southern Punjab has reiterated its demand for construction of Kalabagh Dam and a dam in Chiniot on river Chenab immediately as devastating flash floods have brought out the intensive need for new dams. It is a good omen that poli
Published 27 Jul, 2015 12:00am
Balochi, Wakhi courses start today at Lok Virsa

Balochi, Wakhi courses start today at Lok Virsa

A summer camp offering courses for regional languages, including Wakhi and Balochi, for students will start here at the National Institute of Folk and Traditional Heritage (Lok Virsa) on Monday. The camp will also introduce the students aged 6-12 years be
Published 27 Jul, 2015 12:00am
Railways urged to operate 'coal train' for Faisalabad

Railways urged to operate 'coal train' for Faisalabad

Dedicated coal train should be started to ensure coal supplies to the industrial units housed in Faisalabad, demanded Engineer Rizwan Ashraf president Faisalabad Chamber of Commerce and Industry (FCCI).
Published 27 Jul, 2015 12:00am
Former FCCI chief recovering after surgery

Former FCCI chief recovering after surgery

Zahid Aslam former President Faisalabad Chamber of Commerce and Industry (FCCI) is fast recovering after his cardiac surgery. According to his family sources, he is now fast recovering.
Published 27 Jul, 2015 12:00am
Maintaining policy rate: SBP's decision hailed

Maintaining policy rate: SBP's decision hailed

Multan Chamber of Commerce and Industry (MCCI) welcomed the decision of State Bank of Pakistan to maintaining its policy rate of 6.5 percent for the next two months and hoped that policy rate would be at 6 percent if the federal government stopped to borr
Published 27 Jul, 2015 12:00am
Maintaining policy rate: SBP's decision hailed

Maintaining policy rate: SBP's decision hailed

Multan Chamber of Commerce and Industry (MCCI) welcomed the decision of State Bank of Pakistan to maintaining its policy rate of 6.5 percent for the next two months and hoped that policy rate would be at 6 percent if the federal government stopped to borr
Published 27 Jul, 2015 12:00am
Qadri appoints Noorullah as PAT information secretary

Qadri appoints Noorullah as PAT information secretary

The chairman of Pakistan Awami Tehreek Dr Tahirul Qadri has appointed Noorullah Siddique as the Central Secretary Information Pakistan Awami Tehreek and member of the Central Core Committee of the party.
Published 27 Jul, 2015 12:00am
Chinese fisheries' team visits UVAS Lahore

Chinese fisheries' team visits UVAS Lahore

A four-member delegation from the Pearl River Fisheries Research Institute (PRFRI), Guangzhou, China, visited the University of Veterinary and Animal Sciences (UVAS) Lahore on Friday and discussed progress on their collaboration in fisheries sector in a m
Published 27 Jul, 2015 12:00am
Rulers trying to delay LB elections: Sarwar

Rulers trying to delay LB elections: Sarwar

Pakistan Tehreek-e-Insaf Punjab Organiser Chaudhry Mohammad Sarwar has said the rulers can never absolve themselves from the crime of rigging in the last general elections 2013. He said that the rulers were seeing their defeat in the upcoming local body e
Published 27 Jul, 2015 12:00am
Illegal construction: RCB issues 20 notices to property owners

Illegal construction: RCB issues 20 notices to property owners

Rawalpindi Cantonment Board (RCB) has issued notices to 20 property owners for illegal construction. According to RCB spokesman, several raids have been conducted by RCB, building control department teams and the owners of buildings and structures constru
Published 27 Jul, 2015 12:00am
Chief minister takes notice of display of weapons

Chief minister takes notice of display of weapons

Punjab Chief Minister Muhammad Shahbaz Sharif has taken strict notice of display of fire arms during bye-election of Kamonki and sought a report from RPO Gujranwala. The Chief Minister ordered legal action against the responsible persons and said that act
Published 27 Jul, 2015 12:00am
PML-N wins Gujranwala by-election

PML-N wins Gujranwala by-election

Pakistan Muslim League- Nawaz (PML-N) candidate Rana Akhtar Ali has on Sunday defeated Pakistan Tehreek-i-Insaf (PTI) candidate Ehsanullah Virk by massive margin in PP-100 by-election. Rana Akhtar Ali defeated Virk by over 21,000 votes in the by-election.
Published 27 Jul, 2015 12:00am
Four fishermen missing

Four fishermen missing

As many as four fishermen went missing while three others were rescued when a boat capsized here on Sunday. According to details, a boat with seven fishermen on board capsized in open sea some 32 kilometer off Pasni, Balochistan. The divers managed to res
Published 27 Jul, 2015 12:00am
FBR clarifies tax rates
Mutual Funds

FBR clarifies tax rates

There has been no change in tax charged under Section 5 and withholding tax under Section 150 of the Income Tax Ordinance and both tax rates still remain at 7.5 percent in cases of dividends declared or distributed by purchaser of a power project privatis
Published 27 Jul, 2015 12:00am
Cuba marks Castro uprising anniversary with call for US embargo end

Cuba marks Castro uprising anniversary with call for US embargo end

Cuba marked the anniversary of Fidel Castro's first armed uprising 62 years ago Sunday with calls for an end to the US embargo and the return of the US naval base at Guantanamo. The ceremony - attended by Cuban president Raul Castro and some 10,000 of the
Published 27 Jul, 2015 12:00am
Cuba marks Castro uprising anniversary with call for US embargo end

Cuba marks Castro uprising anniversary with call for US embargo end

Cuba marked the anniversary of Fidel Castro's first armed uprising 62 years ago Sunday with calls for an end to the US embargo and the return of the US naval base at Guantanamo. The ceremony - attended by Cuban president Raul Castro and some 10,000 of the
Published 27 Jul, 2015 12:00am
Sugar rates: Ministry officials to be quizzed today

Sugar rates: Ministry officials to be quizzed today

A National Assembly panel headed by Asad Umar is to quiz top brass of Ministry of Industries and Production (MoI&P) on Monday (today) for procurement and transportation of sugar at `exorbitant'' rates as well as the appointment of Chief Executive Officer
Published 27 Jul, 2015 12:00am
Sugar rates: Ministry officials to be quizzed today

Sugar rates: Ministry officials to be quizzed today

A National Assembly panel headed by Asad Umar is to quiz top brass of Ministry of Industries and Production (MoI&P) on Monday (today) for procurement and transportation of sugar at `exorbitant' rates as well as the appointment of Chief Executive Officer (
Published 27 Jul, 2015 12:00am
Sugar rates: Ministry officials to be quizzed today

Sugar rates: Ministry officials to be quizzed today

A National Assembly panel headed by Asad Umar is to quiz top brass of Ministry of Industries and Production (MoI&P) on Monday (today) for procurement and transportation of sugar at `exorbitant' rates as well as the appointment of Chief Executive Officer (
Published 27 Jul, 2015 12:00am
Civilian killed by Indian border fire

Civilian killed by Indian border fire

Officials on Sunday accused Indian troops of killing a civilian in "unprovoked firing" along LoC. The latest incident took place overnight in Chirikot sector on the Line of Control (LoC), military said in a statement on Sunday. "A civilian Muhammad Waseem
Published 27 Jul, 2015 12:00am
Civilian killed by Indian border fire

Civilian killed by Indian border fire

Officials on Sunday accused Indian troops of killing a civilian in "unprovoked firing" along LoC. The latest incident took place overnight in Chirikot sector on the Line of Control (LoC), military said in a statement on Sunday. "A civilian Muhammad Waseem
Published 27 Jul, 2015 12:00am
New Scottish independence vote 'inevitable' says former leader

New Scottish independence vote 'inevitable' says former leader

Former Scottish nationalist leader Alex Salmond said Sunday that another referendum on independence from the United Kingdom was "inevitable" because of policies pursued by Prime Minister David Cameron's government in London. "I think a second independence
Published 27 Jul, 2015 12:00am
New Scottish independence vote 'inevitable' says former leader

New Scottish independence vote 'inevitable' says former leader

Former Scottish nationalist leader Alex Salmond said Sunday that another referendum on independence from the United Kingdom was "inevitable" because of policies pursued by Prime Minister David Cameron's government in London. "I think a second independence
Published 27 Jul, 2015 12:00am
Passenger subdued after arson attempt on Chinese plane

Passenger subdued after arson attempt on Chinese plane

A man who tried to set fire to the cabin of a plane with more than 100 people aboard as it was landing in southern China early Sunday was overpowered by fellow passengers and crew, reports said. Two of the 95 passengers suffered injuries and were taken to
Published 27 Jul, 2015 12:00am
Passenger subdued after arson attempt on Chinese plane

Passenger subdued after arson attempt on Chinese plane

A man who tried to set fire to the cabin of a plane with more than 100 people aboard as it was landing in southern China early Sunday was overpowered by fellow passengers and crew, reports said. Two of the 95 passengers suffered injuries and were taken to
Published 27 Jul, 2015 12:00am
Israel police enter Al-Aqsa mosque

Israel police enter Al-Aqsa mosque

Israeli police entered one of Islam's holiest places - annexed east Jerusalem's Al-Aqsa mosque -- on Sunday to tackle suspected Palestinian rioters, police said. The compound, which is also revered by Jews, is one of the biggest flashpoints in the Middle
Published 27 Jul, 2015 12:00am
Israel police enter Al-Aqsa mosque

Israel police enter Al-Aqsa mosque

Israeli police entered one of Islam's holiest places - annexed east Jerusalem's Al-Aqsa mosque -- on Sunday to tackle suspected Palestinian rioters, police said. The compound, which is also revered by Jews, is one of the biggest flashpoints in the Middle
Published 27 Jul, 2015 12:00am
Turkey army blames PKK for deadly attack as truce unravels

Turkey army blames PKK for deadly attack as truce unravels

The Turkish army on Sunday blamed PKK militants for a deadly car bomb attack that killed two of its soldiers in the Kurdish-dominated south-east, as a fragile truce risked collapsing after Ankara's air strikes on rebel positions in Iraq.
Published 27 Jul, 2015 12:00am
Turkey army blames PKK for deadly attack as truce unravels

Turkey army blames PKK for deadly attack as truce unravels

The Turkish army on Sunday blamed PKK militants for a deadly car bomb attack that killed two of its soldiers in the Kurdish-dominated south-east, as a fragile truce risked collapsing after Ankara's air strikes on rebel positions in Iraq.
Published 27 Jul, 2015 12:00am
Gunmen kill US embassy staffer in Islamabad

Gunmen kill US embassy staffer in Islamabad

A Pakistani man working at the United State embassy in Islamabad was shot dead by unknown gunman on Sunday morning. Police identified the dead employee as Iqbal Baig, saying he worked for the US Drug Enforcement Agency. They say Baig was killed early Sund
Published 27 Jul, 2015 12:00am
Gunmen kill US embassy staffer in Islamabad

Gunmen kill US embassy staffer in Islamabad

A Pakistani man working at the United State embassy in Islamabad was shot dead by unknown gunman on Sunday morning. Police identified the dead employee as Iqbal Baig, saying he worked for the US Drug Enforcement Agency. They say Baig was killed early Sund
Published 27 Jul, 2015 12:00am
France plans extension of green energy tax

France plans extension of green energy tax

The French government is considering a reform of the tax levied on power bills to fund renewable energy that would see it extended to natural gas and road fuels, a source close to the matter said on Sunday. "A reform of the CSPE tax is planned, its basis
Published 27 Jul, 2015 12:00am
THE RUPEE: bulls dominate
Currency

THE RUPEE: bulls dominate

The rupee moved cautiously against the dollar amid shortened week due to Eid-ul-Fitr holidays, ended on July 25, 2015. In the interbank market, the rupee picked up three paisas versus the dollar for buying and selling at Rs 101.84 and the national currenc
Published 27 Jul, 2015 12:00am
THE RUPEE: bulls dominate
Currency

THE RUPEE: bulls dominate

The rupee moved cautiously against the dollar amid shortened week due to Eid-ul-Fitr holidays, ended on July 25, 2015. In the interbank market, the rupee picked up three paisas versus the dollar for buying and selling at Rs 101.84 and the national currenc
Published 27 Jul, 2015 12:00am
Indus at Kalabagh may attain high flood level from today

Indus at Kalabagh may attain high flood level from today

According to latest Meteorological and Hydrological conditions observed by Flood Forecasting Division Lahore, River Indus at Kalabagh is likely to attain high flood level ranging between 550,000 cusecs to 600,000 cusecs during the period from 1400 PST of
Published 27 Jul, 2015 12:00am
Indus at Kalabagh may attain high flood level from today

Indus at Kalabagh may attain high flood level from today

According to latest Meteorological and Hydrological conditions observed by Flood Forecasting Division Lahore, River Indus at Kalabagh is likely to attain high flood level ranging between 550,000 cusecs to 600,000 cusecs during the period from 1400 PST of
Published 27 Jul, 2015 12:00am
Indus at Kalabagh may attain high flood level from today

Indus at Kalabagh may attain high flood level from today

According to latest Meteorological and Hydrological conditions observed by Flood Forecasting Division Lahore, River Indus at Kalabagh is likely to attain high flood level ranging between 550,000 cusecs to 600,000 cusecs during the period from 1400 PST of
Published 27 Jul, 2015 12:00am
With nuclear deal done, Iran sets out to reassure wary Gulf Arabs

With nuclear deal done, Iran sets out to reassure wary Gulf Arabs

Iran's foreign minister called on Sunday for a united front among Middle Eastern nations to fight militancy, in his first regional trip since Iran reached an agreement with world powers on the country's nuclear programme - an agreement that raised fears a
Published 27 Jul, 2015 12:00am
With nuclear deal done, Iran sets out to reassure wary Gulf Arabs

With nuclear deal done, Iran sets out to reassure wary Gulf Arabs

Iran's foreign minister called on Sunday for a united front among Middle Eastern nations to fight militancy, in his first regional trip since Iran reached an agreement with world powers on the country's nuclear programme - an agreement that raised fears a
Published 27 Jul, 2015 12:00am
Iran under-estimates its assets in overseas banks?

Iran under-estimates its assets in overseas banks?

Iran has assets of $29 billion in overseas banks that could be unlocked under a nuclear deal - far less than reported estimates of over $100 billion, the country''s central bank chief said. Valiollah Seif told state television late Saturday that the holdi
Published 27 Jul, 2015 12:00am
Iran under-estimates its assets in overseas banks?

Iran under-estimates its assets in overseas banks?

Iran has assets of $29 billion in overseas banks that could be unlocked under a nuclear deal - far less than reported estimates of over $100 billion, the country's central bank chief said. Valiollah Seif told state television late Saturday that the holdin
Published 27 Jul, 2015 12:00am
Iran under-estimates its assets in overseas banks?

Iran under-estimates its assets in overseas banks?

Iran has assets of $29 billion in overseas banks that could be unlocked under a nuclear deal - far less than reported estimates of over $100 billion, the country's central bank chief said. Valiollah Seif told state television late Saturday that the holdin
Published 27 Jul, 2015 12:00am
Lots of euphoria but little growth

Lots of euphoria but little growth

The State Bank of Pakistan (SBP) has kept the policy rate unchanged at 6.5 percent. In the previous policy it had reduced the ceiling of interest rates corridor by 100 bps to seven percent. It had also introduced a new target rate which it termed as polic
Published 27 Jul, 2015 12:00am
Lots of euphoria but little growth

Lots of euphoria but little growth

The State Bank of Pakistan (SBP) has kept the policy rate unchanged at 6.5 percent. In the previous policy it had reduced the ceiling of interest rates corridor by 100 bps to seven percent. It had also introduced a new target rate which it termed as polic
Published 27 Jul, 2015 12:00am
Lots of euphoria but little growth

Lots of euphoria but little growth

The State Bank of Pakistan (SBP) has kept the policy rate unchanged at 6.5 percent. In the previous policy it had reduced the ceiling of interest rates corridor by 100 bps to seven percent. It had also introduced a new target rate which it termed as polic
Published 27 Jul, 2015 12:00am
Futures spreads up by 178 basis points

Futures spreads up by 178 basis points

The futures spreads increased by 178 basis points (bps) to 10 percent from 8.23 percent of the preceding week. During the week that ended on July 24, the trading turnover averaged on 27.75 million shares, up about five percent compared to 26.49 million a
Published 27 Jul, 2015 12:00am
Futures spreads up by 178 basis points

Futures spreads up by 178 basis points

The futures spreads increased by 178 basis points (bps) to 10 percent from 8.23 percent of the preceding week. During the week that ended on July 24, the trading turnover averaged on 27.75 million shares, up about five percent compared to 26.49 million a
Published 27 Jul, 2015 12:00am
Futures spreads up by 178 basis points

Futures spreads up by 178 basis points

The futures spreads increased by 178 basis points (bps) to 10 percent from 8.23 percent of the preceding week. During the week that ended on July 24, the trading turnover averaged on 27.75 million shares, up about five percent compared to 26.49 million a
Published 27 Jul, 2015 12:00am
Futures spreads up by 178 basis points

Futures spreads up by 178 basis points

The futures spreads increased by 178 basis points (bps) to 10 percent from 8.23 percent of the preceding week. During the week that ended on July 24, the trading turnover averaged on 27.75 million shares, up about five percent compared to 26.49 million a
Published 27 Jul, 2015 12:00am
Equities remain range-bound
Mutual Funds

Equities remain range-bound

Karachi bourse appeared record-breaking during the short week post-Eid-ul-Fitr with equity investors positively eyeing gains from strong corporate announcements in selected scrips. KSE-100 index, however, ended the week in red shedding 0.3 percent Week-on
Published 27 Jul, 2015 12:00am
Equities remain range-bound
Mutual Funds

Equities remain range-bound

Karachi bourse appeared record-breaking during the short week post-Eid-ul-Fitr with equity investors positively eyeing gains from strong corporate announcements in selected scrips. KSE-100 index, however, ended the week in red shedding 0.3 percent Week-on
Published 27 Jul, 2015 12:00am
Equities remain range-bound
Mutual Funds

Equities remain range-bound

Karachi bourse appeared record-breaking during the short week post-Eid-ul-Fitr with equity investors positively eyeing gains from strong corporate announcements in selected scrips. KSE-100 index, however, ended the week in red shedding 0.3 percent Week-on
Published 27 Jul, 2015 12:00am
Fury after Salman Khan says Yakub Memon innocent

Fury after Salman Khan says Yakub Memon innocent

Bollywood superstar Salman Khan urged India's top court Sunday to spare the life of a convicted bomb plotter due to be hanged this week, declaring him innocent and sparking a political furore. The Supreme Court is expected on Monday to hear a last-ditch a
Published 27 Jul, 2015 12:00am
Fury after Salman Khan says Yakub Memon innocent

Fury after Salman Khan says Yakub Memon innocent

Bollywood superstar Salman Khan urged India's top court Sunday to spare the life of a convicted bomb plotter due to be hanged this week, declaring him innocent and sparking a political furore. The Supreme Court is expected on Monday to hear a last-ditch a
Published 27 Jul, 2015 12:00am
Special tax powers of ECC withdrawn

Special tax powers of ECC withdrawn

The government has withdrawn tax exemption powers of Economic Co-ordination Committee (ECC) of the Cabinet as per agreement with the lenders including the International Monetary Fund (IMF). Finance Minister Senator Ishaq Dar, who is also the chairman of t
Published 27 Jul, 2015 12:00am
Special tax powers of ECC withdrawn

Special tax powers of ECC withdrawn

The government has withdrawn tax exemption powers of Economic Co-ordination Committee (ECC) of the Cabinet as per agreement with the lenders including the International Monetary Fund (IMF). Finance Minister Senator Ishaq Dar, who is also the chairman of t
Published 27 Jul, 2015 12:00am
Special tax powers of ECC withdrawn

Special tax powers of ECC withdrawn

The government has withdrawn tax exemption powers of Economic Co-ordination Committee (ECC) of the Cabinet as per agreement with the lenders including the International Monetary Fund (IMF). Finance Minister Senator Ishaq Dar, who is also the chairman of t
Published 27 Jul, 2015 12:00am
The Weather

The Weather

The weather report on Sunday (July 12, 2015) and the forecast for Monday (July 13, 2015).

Published 27 Jul, 2015 12:00am
Your rupee last week
Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (July 22 - 24 2015).

Published 27 Jul, 2015 12:00am
Strike in IHK against anti-Muslim activities

Strike in IHK against anti-Muslim activities

Complete shutdown was observed in Indian Held Kashmir against anti-Muslim activities of extremist Hindu bodies, Rashtriya Swayamsevak Sangh, Vishwa Hindu Parishad, Bajrang Dal and Shiv Sena in Rajouri and other areas of Held Jammu region.
Published 27 Jul, 2015 12:00am
With rains turn weather pleasant citizens throng parks and Sea View

With rains turn weather pleasant citizens throng parks and Sea View

A large number of citizens including women and children thronged parks and recreational places on Sunday following the city received light rain, turning the weather pleasant and lovely. The areas, which received rain included Liaqatabad, Saddar, Malir, Gu
Published 27 Jul, 2015 12:00am
BISE exams: Siraj congratulates position holders

BISE exams: Siraj congratulates position holders

Chief of Jamaat-e-Islami, Pakistan, Senator Sirajul Haq, has congratulated top position holders in the examinations of Board of Intermediate and Secondary Education all over the Punjab on their success and said they were the future of the nation. He has e
Published 27 Jul, 2015 12:00am
USD-PKR parity
Currency

USD-PKR parity

There are economists who often underscore the need for PKR depreciation. There is a lack of understanding/knowledge about exchange rate and its working, which is debatable. Its working may vary from one country to another, but there is no single recipe th
Published 27 Jul, 2015 12:00am
General Electric aims big in energy storage after battery step back

General Electric aims big in energy storage after battery step back

General Electric Co wants to be a "sizable" player in the market for systems that store energy to manage power volatility, a sector the company expects to quadruple to $6 billion by 2020, the head of GE's energy storage business told Reuters.
Published 27 Jul, 2015 12:00am
Ambitious trade talks head to Hawaii for final stage

Ambitious trade talks head to Hawaii for final stage

Negotiators from the US, Japan and 10 other Pacific Rim countries could put the finishing touches on the most ambitious trade and investment deal in decades when they meet this week in Hawaii.
Published 27 Jul, 2015 12:00am
Is privatisation always a success? - I

Is privatisation always a success? - I

This is a two-part article. Focused on privatisation as a viable policy tool - part-1 will look at global literature on the subject while part-2 will look at examples of privatisation in the UK and Pakistan's experience with privatisation.
Published 27 Jul, 2015 12:00am
Rationalising number of holidays

Rationalising number of holidays

In Pakistan, for greater part of the year we are on leave from work. It is either a National Day or a Public Holiday. Or, it may just be a Regional Holiday to observe a 'Festival of Kites'. And then, there are 104-plus Saturdays and Sundays when the gover
Published 27 Jul, 2015 12:00am
Energy imperative

Energy imperative

The state of affairs in the energy sector is getting messier and the country is digging itself into a deeper hole as the PML-N government has miserably failed to turn the corner by addressing the root causes. Private sector was expected to lead the way; h
Published 27 Jul, 2015 12:00am
Female suicide bombers kill dozens in Cameroon, Nigeria

Female suicide bombers kill dozens in Cameroon, Nigeria

A 12-year-old girl suicide bomber killed 20 people in an attack on a bar in Maroua in Cameroon, while in a crowded market in neighbouring Nigeria a "mentally handicapped" female attacker killed 14.
Published 27 Jul, 2015 12:00am
Manhunt in Paris after car smashes Tour de France barrier

Manhunt in Paris after car smashes Tour de France barrier

French police were searching Sunday for the driver of a car that smashed through a security barrier in central Paris near the finish line of cycling's Tour de France. Police opened fire on the car, failing to stop it from speeding away after the incident
Published 27 Jul, 2015 12:00am
Arrests made at Cambodia NGO law protest

Arrests made at Cambodia NGO law protest

Cambodian authorities briefly detained six demonstrators Sunday as they protested against the recent passage of a controversial law regulating non-governmental organisations, officials and a rights group said. The five men and a woman were among dozens wh
Published 27 Jul, 2015 12:00am
Senior British lord quits post after drugs video

Senior British lord quits post after drugs video

A senior British lord quit his post on Sunday and will face a police investigation after a tabloid newspaper released a video showing him semi-naked and snorting white powder through a banknote while partying with two women.
Published 27 Jul, 2015 12:00am
Iraqi forces retake university on edge of Ramadi

Iraqi forces retake university on edge of Ramadi

Iraqi government forces recaptured a university campus Sunday on the outskirts of Ramadi from the Islamic State group, seizing a key position for any offensive to retake the city, officials said. Iraqi forces had recaptured parts of Anbar University in Ma
Published 27 Jul, 2015 12:00am
Negotiations on Greek bailout deal to begin Monday

Negotiations on Greek bailout deal to begin Monday

Representatives of Greece's creditors will begin talks in Athens Monday on a third bailout package to the debt-swamped Greek government, the IMF and European Commission said.
Published 27 Jul, 2015 12:00am
Taliban seize Afghan police base, push closer to strategic pass

Taliban seize Afghan police base, push closer to strategic pass

Taliban militants have captured a large police base in north-east Afghanistan, forcing the mass surrender of more than a hundred policemen and pushing closer to a strategic pass at the border with Pakistan, local officials and security sources said on Sun
Published 27 Jul, 2015 12:00am
Egypt prolongs Sinai emergency rule, bomb wounds 18

Egypt prolongs Sinai emergency rule, bomb wounds 18

Egypt extended a state of emergency in parts of the Sinai Peninsula for three months, as a roadside bomb attack claimed by Islamic State jihadists wounded 18 policemen Sunday in the insurgency-wracked region. The attack happened near El-Arish, the capital
Published 27 Jul, 2015 12:00am
Trans-Pacific trade negotiators face high-wire act in Hawaii

Trans-Pacific trade negotiators face high-wire act in Hawaii

Pacific Rim officials meet in Hawaii this week for talks that could make or break an ambitious trade deal which aims to boost growth and set common standards across a dozen economies ranging from the United States to Brunei.
Published 27 Jul, 2015 12:00am
Army, Kurds advance against IS in Syria's Hasakeh

Army, Kurds advance against IS in Syria's Hasakeh

Syrian government troops and Kurdish forces advanced Sunday against Islamic State group fighters in the north-eastern city of Hasakeh, a monitor and state media said. The Syrian Observatory for Human Rights, a Britain-based monitor, said IS forces were no
Published 27 Jul, 2015 12:00am
Pro-government forces advance in south Yemen ahead of truce

Pro-government forces advance in south Yemen ahead of truce

Pro-government forces battled retreating rebels on the northern outskirts of Yemen's second city Aden Sunday ahead of a humanitarian truce declared by the Saudi-led coalition bombing the Iran-backed insurgents. Troops loyal to exiled President Abedrabbo M
Published 27 Jul, 2015 12:00am
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