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May 24, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2015-11-20
Ukraine to cap wheat exports at 16.6 million tonnes in 2015-16

Ukraine to cap wheat exports at 16.6 million tonnes in 2015-16

The Ukrainian agriculture ministry and traders have agreed to cap wheat exports at 16.6 million tonnes this season, leaving enough stock to meet domestic demand, Minister Oleksiy Pavlenko said on Thursday. State forecasters have said severe drought across
Published 20 Nov, 2015 12:00am
US clears oil service giant Schlumberger to buy Cameron

US clears oil service giant Schlumberger to buy Cameron

Schlumberger, the world's leading oilfield services company, said Wednesday it had received US regulatory clearance to acquire equipment maker Cameron. Franco-American Schlumberger announced the deal, valued at $14.8 billion (13 billion euros), in August.
Published 20 Nov, 2015 12:00am
UK Mail's pretax profit slumps on lower parcels margin

UK Mail's pretax profit slumps on lower parcels margin

UK Mail Group Plc reported a 56 percent slump in first-half pretax profit, hurt by inefficiencies in its new automated hub and a lower contribution from its parcels unit. UK Mail also said its expectations for the next financial year have softened slightl
Published 20 Nov, 2015 12:00am
UK Mail's pretax profit slumps on lower parcels margin

UK Mail's pretax profit slumps on lower parcels margin

UK Mail Group Plc reported a 56 percent slump in first-half pretax profit, hurt by inefficiencies in its new automated hub and a lower contribution from its parcels unit. UK Mail also said its expectations for the next financial year have softened slightl
Published 20 Nov, 2015 12:00am
Target's online sales growth slows; margins pressured

Target's online sales growth slows; margins pressured

Target Corp faces margin pressure and will not meet its fiscal-year forecast for online sales growth, which slowed in the latest quarter, the discount retailer said on Wednesday, sending its shares down more than 5 percent. Digital sales, which include on
Published 20 Nov, 2015 12:00am
Target's online sales growth slows; margins pressured

Target's online sales growth slows; margins pressured

Target Corp faces margin pressure and will not meet its fiscal-year forecast for online sales growth, which slowed in the latest quarter, the discount retailer said on Wednesday, sending its shares down more than 5 percent. Digital sales, which include on
Published 20 Nov, 2015 12:00am
Best Buy sales down; outlook for holiday season weak
Currency

Best Buy sales down; outlook for holiday season weak

Best Buy Co Inc forecast a revenue decline for the crucial holiday quarter and reported lower-than-expected quarterly sales due to weak demand for mobile phones, tablets, repair services and warranties. Shares of the No 1 US consumer electronics chain fel
Published 20 Nov, 2015 12:00am
Best Buy sales down; outlook for holiday season weak
Currency

Best Buy sales down; outlook for holiday season weak

Best Buy Co Inc forecast a revenue decline for the crucial holiday quarter and reported lower-than-expected quarterly sales due to weak demand for mobile phones, tablets, repair services and warranties. Shares of the No 1 US consumer electronics chain fel
Published 20 Nov, 2015 12:00am
Lowe's sales top estimates amid strengthening US housing market

Lowe's sales top estimates amid strengthening US housing market

Lowe's Cos Inc followed larger rival Home Depot Inc in reporting better-than-expected quarterly profit and same-store sales, and the company said it expects higher spending on home improvement to continue until 2017 at least. Strong results from the top t
Published 20 Nov, 2015 12:00am
Johnson Matthey to pay out $466 million to shareholders, cut costs

Johnson Matthey to pay out $466 million to shareholders, cut costs

Johnson Matthey, the world's biggest maker of metal catalysts for car emission-control devices, will pay 305 million pounds ($466 million) to shareholders as a special dividend after selling two businesses. Reporting a dip in half-year profits, the compan
Published 20 Nov, 2015 12:00am
Saudi firm injects 49 million euros into Euro Disney

Saudi firm injects 49 million euros into Euro Disney

A firm owned by a Saudi prince said Wednesday it has injected 49.2 million euros ($52.37 million) into the struggling Euro Disney theme park operator under a recapitalisation plan. Riyadh-based Kingdom Holding Co, 95 percent owned by the billionaire Princ
Published 20 Nov, 2015 12:00am
Saudi Arabia says oil price slump should not stop investment

Saudi Arabia says oil price slump should not stop investment

Saudi Oil Minister Ali al-Naimi called for sustained investment in new output capacity Thursday despite the slump in world prices. Naimi said global production lost four million barrels per day due to natural depreciation and predicted an increase in dema
Published 20 Nov, 2015 12:00am
Purchasing power in Syria drops 80 percent since war
Currency

Purchasing power in Syria drops 80 percent since war

Residents of war-torn Syria have seen their purchasing power drop by an estimated 80 percent since the beginning of the country's conflict in 2011, the Al-Watan daily said on Thursday. Jamal al-Satal, head of Syria's Consumer Protection Society, told the
Published 20 Nov, 2015 12:00am
US approves genetically modified salmon for food

US approves genetically modified salmon for food

US regulators on Thursday approved a type of genetically modified salmon, saying it is safe to eat and making it the first transgenic animal destined for American dinner tables. The Food and Drug Administration's decision came after years of controversy o
Published 20 Nov, 2015 12:00am
Egypt, Russia sign deal to build a nuclear power plant

Egypt, Russia sign deal to build a nuclear power plant

Moscow and Cairo signed an agreement on Thursday for Russia to build a nuclear power plant in Egypt, with Russia extending a loan to Egypt to cover the cost of construction. A spokesman for Russia's state-owned nuclear firm Rosatom said the plant, Egypt's
Published 20 Nov, 2015 12:00am
Fairly upbeat US data highlight economy's resilience

Fairly upbeat US data highlight economy's resilience

New US applications for unemployment benefits fell last week while a gauge of US economic activity rebounded in October, signs of a healthy labour market and economy that could give the Federal Reserve confidence to raise interest rates next month. Other
Published 20 Nov, 2015 12:00am
Largest diamond in over century found in Botswana

Largest diamond in over century found in Botswana

A 1,111 carat "high quality diamond" has been discovered at a mine in Botswana, said to be the biggest find in more than a century, according to the mine company. The gem, only second in size to the Cullinan diamond which was unearthered in South Africa i
Published 20 Nov, 2015 12:00am
Banks charge over seven percent to transfer money internationally

Banks charge over seven percent to transfer money internationally

US and UK banks charge on average more than 7 percent for international money transfers worth $1000, several times the average cost at a new group of web providers, the first detailed study of the market showed on Thursday. The report by FXCompared.com be
Published 20 Nov, 2015 12:00am
Volkswagen puts off China investment amid costly emissions scandal

Volkswagen puts off China investment amid costly emissions scandal

German automaker Volkswagen, tainted by an emissions scandal expected to cost it billions, said Thursday it had postponed a planned investment in China. "In light of the current situation and the review of our investments, the company has decided to delay
Published 20 Nov, 2015 12:00am
China's central bank cuts borrowing costs

China's central bank cuts borrowing costs

China will lower lending rates for loans made under the standing lending facility (SLF), a policy tool to inject cash into the banking system, in the latest step to support the slowing economy. The overnight rate would be cut to 2.75 percent and the seven
Published 20 Nov, 2015 12:00am
BoJ keeps policy steady despite recession

BoJ keeps policy steady despite recession

The Bank of Japan kept its monetary stimulus programme unchanged on Thursday, with Governor Haruhiko Kuroda holding fast to his view that the corporate capital expenditure vital to economic growth will pick up - suggesting that no new monetary easing is i
Published 20 Nov, 2015 12:00am
German exporters shrug off China woes as US demand soars
Currency

German exporters shrug off China woes as US demand soars

German exports to the United States and Britain surged in the first three quarters as the euro weakened, data showed on Thursday, helping companies in Europe's largest economy to shrug off weaker demand from China and Russia. Between January and September
Published 20 Nov, 2015 12:00am
Japan, Philippines agree on defence equipment transfer

Japan, Philippines agree on defence equipment transfer

Japan "agreed in principle" on Thursday to transfer defence equipment to the Philippines, as the two countries expressed concern over China's islandd-building in disputed waters Following a bilateral meeting in Manila, Japanese Prime Minister Shinzo Abe a
Published 20 Nov, 2015 12:00am
Asia Pacific leaders urge ramped-up terror fight

Asia Pacific leaders urge ramped-up terror fight

Asia Pacific leaders called Thursday for more global cooperation in the struggle against terrorism, as a wave of deadly attacks claimed by the Islamic State group dominated the final day of a regional trade summit. The annual 21-member Asia-Pacific Econom
Published 20 Nov, 2015 12:00am
Saudi's Ma'aden helps lift index after loan, most ME markets rise

Saudi's Ma'aden helps lift index after loan, most ME markets rise

Saudi Arabian Mining Co (Ma'aden) jumped to a three-month high on Thursday after the company secured a major loan, while most Middle East shares firmed as a steady oil price encouraged bargain hunters. Ma'aden shares were up 5.5 percent after local, regio
Published 20 Nov, 2015 12:00am
Tokyo stocks jump on US rate talk

Tokyo stocks jump on US rate talk

Tokyo shares rose more than one percent on Thursday following solid gains in New York as minutes from the Federal Reserve showed policymakers were increasingly confident in the outlook for the US economy. The yen picked up from a three-month low against t
Published 20 Nov, 2015 12:00am
Wall Street rallies after Fed minutes solidify rate hike bets

Wall Street rallies after Fed minutes solidify rate hike bets

US stocks closed higher on Wednesday and investors appeared positively inclined toward higher rates after minutes from the Federal Reserve October meeting showed a solid core of officials rallied behind a possible December rate hike. Central bankers at th
Published 20 Nov, 2015 12:00am
US yield curve flattens

US yield curve flattens

Longer-dated US Treasuries fared better than shorter-dated issues on Wednesday after the release of the minutes of the Federal Reserve's policy meeting in October signalled a likely glacial rise in interest rates once lift-off begins. This curve-flattenin
Published 20 Nov, 2015 12:00am
US yield curve flattens

US yield curve flattens

Longer-dated US Treasuries fared better than shorter-dated issues on Wednesday after the release of the minutes of the Federal Reserve's policy meeting in October signalled a likely glacial rise in interest rates once lift-off begins. This curve-flattenin
Published 20 Nov, 2015 12:00am
Hong Kong shares rise

Hong Kong shares rise

Hong Kong shares ended more than 1 percent higher on Thursday, encouraged by a rally on Wall Street and a robust rebound in mainland markets. The Hang Seng index rose 1.4 percent, to 22,500.22, while the China Enterprises Index also gained 1.4 percent, to
Published 20 Nov, 2015 12:00am
China stocks rise on small caps

China stocks rise on small caps

China stocks ended higher on Thursday, with a sharp rebound in small-caps offsetting the drag from property shares and investor caution ahead of a flurry of new listings. The bluechip CSI300 index rose 1.6 percent, to 3,774.97, while the Shanghai Composit
Published 20 Nov, 2015 12:00am
Indian stocks climb

Indian stocks climb

Indian shares rose over 1 percent on Thursday, posting their biggest single-day percentage gain in nearly seven weeks, tracking higher Asian markets on bets the US Federal Reserve would raise rates in December but proceed cautiously on more tightening. Th
Published 20 Nov, 2015 12:00am
European shares touch three-month high as Sodexo surges

European shares touch three-month high as Sodexo surges

European shares touched three-month highs on Thursday, helped by food and facilities group Sodexo rallying after a solid update and a share buyback announcement. The market was also buoyed by indications from the US Federal Reserve late on Wednesday that
Published 20 Nov, 2015 12:00am
Australian shares higher

Australian shares higher

Australian shares rose 2.13 percent on Thursday with broad-based gains as investors took a positive view on minutes of the Federal Reserve's October monetary meeting. The minutes, which suggested an interest rate hike in December was firmly on the cards,
Published 20 Nov, 2015 12:00am
Southeast Asian markets: Singapore leads regional rebound

Southeast Asian markets: Singapore leads regional rebound

Southeast Asian stock markets mostly rebounded in light trading volumes on Thursday on bargain hunting in battered large caps as investors in emerging markets braced for a possible US Fed rate lift-off in December. Singapore outperformed with the Straits
Published 20 Nov, 2015 12:00am
Johnson Matthey and Royal Mail updates boost FTSE

Johnson Matthey and Royal Mail updates boost FTSE

Britain's top share index climbed to a one-week high on Thursday, tracking a rally in global equities, boosted by strong updates from companies like Johnson Matthey and Royal Mail and by a rally in miners. The bluechip FTSE 100 index ended 0.8 percent hig
Published 20 Nov, 2015 12:00am
Dollar takes breather in Asia
Currency

Dollar takes breather in Asia

The dollar pulled back in Asian trading on Thursday as investors took profits following its rise to seven-month highs, as Federal Reserve officials' comments as well as minutes from the central bank's latest meeting hinted that an interest rate hike could
Published 20 Nov, 2015 12:00am
Fed minutes fail to push dollar higher in Europe

Fed minutes fail to push dollar higher in Europe

The dollar fell against most other major currencies on Thursday, with some analysts arguing that it will now take more than next month's expected action on US monetary policy to drive it higher. The Japanese yen gained almost half a percent after the Bank
Published 20 Nov, 2015 12:00am
Early trade in New York: Dollar slides broadly
Currency

Early trade in New York: Dollar slides broadly

The dollar weakened across the board on Thursday after rising for four straight sessions, as investors cashed in recent gains driven by widespread expectations of a US Federal Reserve interest rate increase next month. The minutes of the latest Federal Re
Published 20 Nov, 2015 12:00am
Dollar rises in New York as Fed minutes suggest December move
Currency

Dollar rises in New York as Fed minutes suggest December move

The dollar hit a seven-month peak against a currency basket on Wednesday in choppy trading after minutes of the last Federal Reserve policy meeting suggested that a December rate increase was on the cards given the improvement in global market conditions
Published 20 Nov, 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 Thursday. 78.81-78.83 (previous 78.74-78.75). 02.50-04.50 percent (Previous 02.50-04.50 percent).
Published 20 Nov, 2015 12:00am
Sri Lankan rupee edges down

Sri Lankan rupee edges down

The Sri Lankan rupee edged lower on Thursday as importer dollar demand surpassed mild greenback sales by exporters, dealers said, a day ahead of 2016 budget presentation. Dealers said nobody was trading below 142.35, a level which is seen as the central b
Published 20 Nov, 2015 12:00am
Emerging Asian currencies rise
Currency

Emerging Asian currencies rise

Emerging Asian currencies rose on Thursday, as investors cut some bearish bets on regional units based on indications the Federal Reserve will only raise US interest rates gradually after the first hike in years. Fed officials on Wednesday continued to su
Published 20 Nov, 2015 12:00am
China's yuan soars
Currency

China's yuan soars

China's yuan edged up against the dollar on Thursday after the central bank set a stronger midpoint for only the second time this month. The People's Bank of China (PBOC) set the midpoint rate at 6.3791 per dollar prior to market open, 0.01 percent firmer
Published 20 Nov, 2015 12:00am
Sterling eases
Currency

Sterling eases

Sterling eased from three-month highs against the euro on Thursday, weighed down by subdued British retail sales data which underpinned expectations that interest rates are likely to stay lower for longer. Data showed retail sales fell more than expected
Published 20 Nov, 2015 12:00am
Aussie, kiwi rise

Aussie, kiwi rise

The Australian and New Zealand dollars crawled upward on Thursday after minutes of the US Federal Reserve signalled a likely slow rise in interest rates once lift-off begins. In early trade, the Australian dollar rose to $0.7144 from $0.7097 as investors
Published 20 Nov, 2015 12:00am
Lin Dan crashes out of Hong Kong Open

Lin Dan crashes out of Hong Kong Open

Chinese badminton superstar Lin Dan crashed out of the second round of the Hong Kong Open Thursday to little-known hometown player Ng Ka-Long, raising questions about whether the two-time Olympic champion's dominance on court is waning. Lin, considered by
Published 20 Nov, 2015 12:00am
Fit-again Pattinson ready to seize Test chance

Fit-again Pattinson ready to seize Test chance

Australian paceman James Pattinson said Thursday he was ready to seize his unexpected chance in next week's historic New Zealand third Test following the retirement of Mitchell Johnson. The 25-year-old played the last of his 13 Tests against South Africa
Published 20 Nov, 2015 12:00am
Buffon hailed as goalkeeping great reaches Serie A landmark

Buffon hailed as goalkeeping great reaches Serie A landmark

Gianluigi Buffon celebrated 20 years of playing in Serie A on Thursday as the Juventus and Italy goalkeeping great was hailed by his fellow professionals. Buffon, whose performances at the 2006 World Cup helped Italy to their fourth triumph in the competi
Published 20 Nov, 2015 12:00am
Clarke slams team-mates, Buchanan in new book

Clarke slams team-mates, Buchanan in new book

Former Australia skipper Michael Clarke Thursday broke his silence on the criticism he received after announcing his retirement during the recent Ashes series loss in England. Both former team-mates Andrew Symonds and Matthew Hayden publicly questioned Cl
Published 20 Nov, 2015 12:00am
Federer eliminates Nishikori

Federer eliminates Nishikori

Roger Federer knocked Japan's Kei Nishikori out of the ATP Tour Finals and guaranteed top spot in his group with a 7-5, 4-6, 6-4 victory on Thursday. Federer had already clinched a record 13th Tour Finals semi-final place after ending Novak Djokovic's thr
Published 20 Nov, 2015 12:00am
Inter-departmental Sports Gala begins

Inter-departmental Sports Gala begins

Inter-Departmental Sports Gala 2015 kicked off at the National University of Modern Languages (NUML) on Thursday, in which 33 sports events including Athletics, Cricket, Table Tennis, football, volleyball, tug of war, body building, Badminton and basketba
Published 20 Nov, 2015 12:00am
Corruption 'systemic' in football: FIFA reform boss

Corruption 'systemic' in football: FIFA reform boss

Corruption is "systemic" in football, the head of FIFA's audit watchdog said Thursday, calling for football's world body to be more transparent in its reform moves. "We have to accept that corruption is systemic in football. If we accept this, we can solv
Published 20 Nov, 2015 12:00am
French anthem to be played at Premier League games

French anthem to be played at Premier League games

The French national anthem will be played before all English top-flight games this weekend as a mark of solidarity over the Paris attacks, the Premier League announced on Thursday. It comes after fans joined together to sing 'La Marseillaise' prior to Eng
Published 20 Nov, 2015 12:00am
IAAF calls for 'immediate' anti-doping sanctions in Russia

IAAF calls for 'immediate' anti-doping sanctions in Russia

The IAAF on Thursday called for "immediate" sanctions against Russian athletes and coaches caught doping as a condition for the drugs-tainted national federation to regain membership of world athletics' ruling body. It also demanded a law in Russia to cri
Published 20 Nov, 2015 12:00am
Austrian ex-world champion suspended in doping scandal

Austrian ex-world champion suspended in doping scandal

Austria's cross-country team skidded deeper into an ongoing doping scandal Thursday, with the national ski federation (OeSV) announcing the suspension of ex-junior world champion Harald Wurm over his alleged use of banned substances. The federation also r
Published 20 Nov, 2015 12:00am
Fame Football League begins

Fame Football League begins

The Round B of the second Annual Fame Football League-2015 begins today (Friday) at the Fame Sports Football Ground in Model Town in Lahore. The Fame Sports Football Academy and Club has organised the event. During Round B, 44 matches between qualifiers f
Published 20 Nov, 2015 12:00am
Tanzania names little known bureaucrat as prime minister

Tanzania names little known bureaucrat as prime minister

Tanzania's parliament on Thursday voted in a little-known politician to be the east African country's prime minister, former teacher Kassim Majaliwa. President John Magufuli, who himself took power earlier this month after winning October 25 elections, no
Published 20 Nov, 2015 12:00am
347 rescued from French cruise ship after fire on board

347 rescued from French cruise ship after fire on board

Britain rescued 347 passengers and crew from the French cruise ship Le Boreal after a fire broke out as it was sailing close to the British-ruled Falkland Islands, officials and the operator said on Thursday. Two Royal Air Force Sea King helicopters and t
Published 20 Nov, 2015 12:00am
Balkans limit entry on migrant route to war refugees

Balkans limit entry on migrant route to war refugees

Countries along the migrant route through the Balkans have begun tightening restrictions by accepting only those fleeing war, causing a backlog of hundreds of people Thursday on the Greek-Macedonian border. Hundreds of thousands of migrants fleeing confli
Published 20 Nov, 2015 12:00am
France says new security to cost 600 million euros in 2016

France says new security to cost 600 million euros in 2016

France revealed Thursday it will spend an extra 600 million euros ($641 million) next year to ramp up security after the Paris attacks. President Francois Hollande announced this week that France is freezing plans to cut troop numbers through 2019. At the
Published 20 Nov, 2015 12:00am
Kuwait busts international IS support cell

Kuwait busts international IS support cell

Kuwaiti security authorities have busted an international cell led by a Lebanese man that was sending air defence systems and funds to the Islamic State group, the interior ministry said Thursday. The cell's chief, who was not named, confessed that he rai
Published 20 Nov, 2015 12:00am
Two killed in Tel Aviv stabbing

Two killed in Tel Aviv stabbing

A stabbing attack in Tel Aviv killed two people on Thursday, while the Palestinian assailant was injured and arrested, Israeli police said, in the first such incident in several days. Police described the attacker as a 24-year-old from the Hebron area in
Published 20 Nov, 2015 12:00am
'Cam Force One': UK prime minister to get own jet

'Cam Force One': UK prime minister to get own jet

Britain is to spend up to £10 million ($15 million, 14 million euros) converting a military plane for official use by Prime Minister David Cameron, Downing Street confirmed Thursday. The government argues that having an aircraft similar to the US presiden
Published 20 Nov, 2015 12:00am
US bank issues first debit cards for use in Cuba

US bank issues first debit cards for use in Cuba

A US bank announced Thursday it has begun offering its American clients debit cards they can use in Cuba for the first since the two Cold War foes moved to normalise relations nearly a year ago. Florida-based Stonegate bank said its US clients can use the
Published 20 Nov, 2015 12:00am
Taiwan, Philippines ink fishing agreement over disputed waters

Taiwan, Philippines ink fishing agreement over disputed waters

Taiwan and the Philippines have signed an agreement pledging non-violence in disputed fishing zones, Taiwanese authorities announced Thursday, in what analysts say is an important step to defuse tensions over territorial maritime disputes. The pact, signe
Published 20 Nov, 2015 12:00am
Junior doctors vote to strike in UK

Junior doctors vote to strike in UK

Junior doctors in Britain voted Thursday to stage their first "all-out" strikes in the history of the National Health Service (NHS) in a fierce pay row with the government. Almost 28,000 junior doctors cast their vote, with 98 percent in favour of strikes
Published 20 Nov, 2015 12:00am
UN votes in record number to condemn North Korea rights violations

UN votes in record number to condemn North Korea rights violations

A UN General Assembly committee on Thursday adopted by a record majority a resolution condemning "gross" widespread human rights violations in North Korea. The measure now goes to the full General Assembly for a vote next month, but the strong endorsement
Published 20 Nov, 2015 12:00am
US House passes bill to rein in Federal Reserve

US House passes bill to rein in Federal Reserve

A proposed law which critics say will politicise Federal Reserve policy-making and could even harm the US economy passed the House of Representatives on strong Republican support Thursday. But the legislation has little chance in the near future of becomi
Published 20 Nov, 2015 12:00am
PSM clarification

PSM clarification

This is with reference to our Press Release dated 18th November 2015. It is clarified that Director namely Sardar Ahmed Nawaz Sukhera, Secretary Privatisation Commission, could not attend the meeting of Board of Directors of Pakistan Steel held on 18.11.2
Published 20 Nov, 2015 12:00am
PGBC to hold global expo from November 27

PGBC to hold global expo from November 27

Pakistan Green Building Council (PGBC) is organising a global expo and conference in the provincial metropolis from November 27 to 29, to introduce, promote and advocate sustainable concepts and practices to transform the way building and communities are
Published 20 Nov, 2015 12:00am
SHC directives: valuation rulings older than 90 days being revised

SHC directives: valuation rulings older than 90 days being revised

The Directorate General of Customs Valuation (DGCV) has started revising valuation rulings older than 90 days under Sindh High Court (SHC) directives. The SHC in CP No D-6918/2015 ordered the DGCV that in cases where the valuation ruling is more than 90 d
Published 20 Nov, 2015 12:00am
'Ya Qurban' music competitions enthral audience

'Ya Qurban' music competitions enthral audience

The "Ya Qurban" music competitions held in Mardan and Abbottabad which mesmerised the audience and participants. In Mardan, a total of 91 contestants participated in the event in which Zarnosh got first prize of Rs 100,000, while second prize of Rs 75,000
Published 20 Nov, 2015 12:00am
Son of former India Prime Minister: Shastri calls on Senate body members

Son of former India Prime Minister: Shastri calls on Senate body members

Former Indian Prime Minister Lal Bahadur Shastri's son Anil Shastri and his spouse on Thursday met members of the Senate Standing Committee on Foreign Affairs. Anil Shastri accompanied by his wife and a retired Indian military officer, whose name could no
Published 20 Nov, 2015 12:00am
NAB decides to file references, inquiries against big wigs

NAB decides to file references, inquiries against big wigs

The Executive Board Meeting (EBM) of the National Accountability Bureau (NAB) was held under the chairmanship of Qamar Zaman Chaudhry, Chairman NAB at NAB headquarters. The following decisions were made during the Executive Board Meeting (EBM). The Execut
Published 20 Nov, 2015 12:00am
Ufone, Meezan Bank launch Islamic branchless banking

Ufone, Meezan Bank launch Islamic branchless banking

Abdul Aziz, President & CEO Ufone, on Thursday said that Ufone alliance with Meezan Bank for the launch of Islamic Branchless Banking will bring innovative products for the customers. Addressing the launching ceremony of the Islamic Branchless Banking "Me
Published 20 Nov, 2015 12:00am
Ufone, Meezan Bank launch Islamic branchless banking

Ufone, Meezan Bank launch Islamic branchless banking

Abdul Aziz, President & CEO Ufone, on Thursday said that Ufone alliance with Meezan Bank for the launch of Islamic Branchless Banking will bring innovative products for the customers. Addressing the launching ceremony of the Islamic Branchless Banking "Me
Published 20 Nov, 2015 12:00am
Seafood export to EU may remain suspended

Seafood export to EU may remain suspended

Pakistan's seafood export to the EU is expected to remain suspended as flaws at the auction halls and managerial shortcomings still exist, fisheries sources said Thursday. Marine Fisheries Department (MFD) - a fisheries export regulator, which is a part o
Published 20 Nov, 2015 12:00am
Deficit likely to be larger than 4.3% of GDP: IPR

Deficit likely to be larger than 4.3% of GDP: IPR

Think Tank Institute for Policy Reforms on Thursday relased a fact sheet on budgetary outcome in first quarter of 2015-16. According to this fact sheet, the results of fiscal operations of the federal and provincial governments in the first quarter of 201
Published 20 Nov, 2015 12:00am
Deficit likely to be larger than 4.3% of GDP: IPR

Deficit likely to be larger than 4.3% of GDP: IPR

Think Tank Institute for Policy Reforms on Thursday relased a fact sheet on budgetary outcome in first quarter of 2015-16. According to this fact sheet, the results of fiscal operations of the federal and provincial governments in the first quarter of 201
Published 20 Nov, 2015 12:00am
Oman Air, INJAZ to hold competition-2015 in Muscat

Oman Air, INJAZ to hold competition-2015 in Muscat

Oman Air Pakistan and INJAZ Pakistan have collaborated together for the first time, for The INJAZ Al-Arab Young Entrepreneurs Competition 2015, with Oman Air sponsoring tickets to the students who are participating in the Competition to be held in Muscat
Published 20 Nov, 2015 12:00am
Kati chief for no more additional taxes

Kati chief for no more additional taxes

President Korangi Association of Trade and Industry (KATI) Zahid Saeed has expressed that the policymaker and tax officials must realise that general public and industry cannot bear more burden of taxes. He said that government indicated to levy Rs 40 bil
Published 20 Nov, 2015 12:00am
Taxpayers facing problems in filing ST returns online

Taxpayers facing problems in filing ST returns online

Registered taxpayers are facing problems in filing their monthly sales tax returns due to non-acceptance of excel-based files by FBR's electronic web portal 'e.fbr.gov.pk' with the objection "Invalid Type Description". Tax experts highlighted the problems
Published 20 Nov, 2015 12:00am
Operation against terrorists to continue till logical end: President

Operation against terrorists to continue till logical end: President

Operation against criminals and terrorists in Karachi as well as in other parts of the country will continue till eradication of terrorism from country, said President Mamnoon Hussain here on Thursday. Addressing the 27th convocation of Pakistan Navy Engi
Published 20 Nov, 2015 12:00am
LB polls in Hyderabad: SUP leader killed in attack on camp

LB polls in Hyderabad: SUP leader killed in attack on camp

Local leader of Sindh United Party (SUP) Anwar Leghari was killed and two including a candidate of local bodies (LB) election and a party worker were injured when unidentified armed men opened fire at election campaign camp here Wednesday-Thursday night.
Published 20 Nov, 2015 12:00am
PBIF concerned at slow pace of privatisation

PBIF concerned at slow pace of privatisation

Pakistan Businessmen and Intellectuals Forum (PBIF) president Mian Zahid Hussain expressed concern over slow pace of privatisation which is irking investors while keeping much-needed local and foreign investment away. He said that foreign investment has a
Published 20 Nov, 2015 12:00am
PNSC swaps loan of Rs 3.3 billion with another soft loan

PNSC swaps loan of Rs 3.3 billion with another soft loan

Pakistan National Shipping Corporation (PNSC) has successfully swapped its Rs 3.3 billion loan with another loan on soft terms, with a repayment period of four years on low mark-up and thus PNSC has saved tens of millions of rupees. In this regard, a sign
Published 20 Nov, 2015 12:00am
Drug smuggling case: PIA removes three staffers

Drug smuggling case: PIA removes three staffers

During the joint investigation of PIA and Anti Narcotics Force (ANF) three low ranking staff members of PIA have been found guilty in attempted drug smuggling case on PK 211 on November 4, 2015. The three staffers including one daily wager have also given
Published 20 Nov, 2015 12:00am
634 awarded degrees at MAJU Convocation

634 awarded degrees at MAJU Convocation

The 11th Convocation of Muhammad Ali Jinnah University (MAJU) Islamabad was held at Jinnah Convention Centre here on Thursday. Over 634 graduates including BBA, MBA, BS, MS and PhD in the fields of Management Sciences, Electronic Engineering, Mechanical E
Published 20 Nov, 2015 12:00am
Reham slams 'negative' propaganda

Reham slams 'negative' propaganda

Reham Khan, the former wife of Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan, has criticised the negative propaganda and social media campaign over her separation with Imran saying that divorce is though social issue but divorcees are not criminals.
Published 20 Nov, 2015 12:00am
Ban on YouTube: Supreme Court issues notices to all parties

Ban on YouTube: Supreme Court issues notices to all parties

The Supreme Court on Thursday issued notices to the parties in response to plea urging for unblocking video-sharing website "YouTube" in Pakistan. Pakistan had blocked You Tube in September 2012, over hosting of a blasphemous movie "Innocence of Muslims"
Published 20 Nov, 2015 12:00am
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