AIRLINK 75.25 Decreased By ▼ -0.18 (-0.24%)
BOP 5.11 Increased By ▲ 0.04 (0.79%)
CNERGY 4.60 Decreased By ▼ -0.15 (-3.16%)
DFML 32.53 Increased By ▲ 2.43 (8.07%)
DGKC 90.35 Decreased By ▼ -0.13 (-0.14%)
FCCL 22.98 Increased By ▲ 0.08 (0.35%)
FFBL 33.57 Increased By ▲ 0.62 (1.88%)
FFL 10.04 Decreased By ▼ -0.01 (-0.1%)
GGL 11.05 Decreased By ▼ -0.29 (-2.56%)
HBL 114.90 Increased By ▲ 1.41 (1.24%)
HUBC 137.34 Increased By ▲ 0.83 (0.61%)
HUMNL 9.53 Decreased By ▼ -0.37 (-3.74%)
KEL 4.66 No Change ▼ 0.00 (0%)
KOSM 4.70 Increased By ▲ 0.01 (0.21%)
MLCF 40.54 Decreased By ▼ -0.56 (-1.36%)
OGDC 139.75 Increased By ▲ 4.95 (3.67%)
PAEL 27.65 Increased By ▲ 0.04 (0.14%)
PIAA 24.40 Decreased By ▼ -1.07 (-4.2%)
PIBTL 6.92 No Change ▼ 0.00 (0%)
PPL 125.30 Increased By ▲ 0.85 (0.68%)
PRL 27.55 Increased By ▲ 0.15 (0.55%)
PTC 14.15 Decreased By ▼ -0.35 (-2.41%)
SEARL 61.85 Increased By ▲ 1.65 (2.74%)
SNGP 72.98 Increased By ▲ 2.43 (3.44%)
SSGC 10.59 Increased By ▲ 0.03 (0.28%)
TELE 8.78 Decreased By ▼ -0.11 (-1.24%)
TPLP 11.73 Decreased By ▼ -0.05 (-0.42%)
TRG 66.60 Decreased By ▼ -1.06 (-1.57%)
UNITY 25.15 Decreased By ▼ -0.02 (-0.08%)
WTL 1.44 Decreased By ▼ -0.04 (-2.7%)
BR100 7,806 Increased By 81.8 (1.06%)
BR30 25,828 Increased By 227.1 (0.89%)
KSE100 74,531 Increased By 732.1 (0.99%)
KSE30 23,954 Increased By 330.7 (1.4%)
May 14, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-02-17
Sri Lankan rupee forwards steady
Currency

Sri Lankan rupee forwards steady

Sri Lankan rupee forwards ended steady on Tuesday, recouping early losses as dollar sales by a foreign bank offset importer dollar demand, dealers said. Dealers expect the currency to depreciate further due to rising imports, selling of government securit
Published 17 Feb, 2016 12:00am
Yuan eases against dollar
Exchange

Yuan eases against dollar

China's yuan eased against the dollar on Tuesday, guided by the central bank's weaker midpoint setting one day after the currency's jump. The People's Bank of China set the midpoint rate at 6.513 per dollar prior to market open, 0.02 percent softer than M
Published 17 Feb, 2016 12:00am
Dollar stands tall against yen, euro in Asia
Currency

Dollar stands tall against yen, euro in Asia

The dollar stood tall against the yen and euro on Tuesday as a bounce in equities and crude oil prices tempered global risk aversion that battered the greenback last week. The dollar was little changed at 114.63 yen, having gained more than 1 percent over
Published 17 Feb, 2016 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 Tuesday. 78.50-78.50 (previous 78.50-78.50). 03.00-04.50 percent (* Previous 02.75-04.50 percent). (* revised).
Published 17 Feb, 2016 12:00am
Asian forex Won near 5-1/2-year low
Exchange

Asian forex Won near 5-1/2-year low

South Korea's won fell to near a 5-1/2-year low on Tuesday, leading losses among emerging Asian currencies, on expectations of a central bank rate cut and growing tensions with the North. Most regional currencies also eased on the dollar's broad strength.
Published 17 Feb, 2016 12:00am
Sterling losses deepen, hits two-week low against dollar

Sterling losses deepen, hits two-week low against dollar

Sterling fell on Tuesday, as appetite for riskier assets waned and worries about Britain's future in the European Union grew, overshadowing data that showed British annual inflation edging up to a 12-month high last month. The safe-haven yen and the low-y
Published 17 Feb, 2016 12:00am
Kiwi sinks on inflation blow, Aussie up

Kiwi sinks on inflation blow, Aussie up

The New Zealand dollar took a spill on Tuesday after inflation expectations in the country slumped to their lowest on record, piling pressure on policy makers for further cuts in interest rates. The kiwi dollar sank half a US cent to $0.6617 in a matter o
Published 17 Feb, 2016 12:00am
New Zealand want greener wicket for second Test

New Zealand want greener wicket for second Test

Despite being thrashed in the first Test against Australia after batting first on a green wicket, New Zealand want an even greener surface for the second Test. New Zealand asked for a green top in Wellington, lost the toss and paid the ultimate price as t
Published 17 Feb, 2016 12:00am
China's Shenhua terminates Cahill's contract

China's Shenhua terminates Cahill's contract

Australia's top goalscorer Tim Cahill has had his contract terminated by Chinese club Shanghai Greenland Shenhua, he said Tuesday, a year after he joined. The 36-year-old veteran and former Everton star agreed to extend his stay just months ago, but said
Published 17 Feb, 2016 12:00am
Brazil court blocks Neymar from using assets

Brazil court blocks Neymar from using assets

A federal court in Sao Paulo has blocked Barcelona striker Neymar from using almost $50 million worth of assets - including a yacht, a jet and properties, officials told Reuters on Tuesday. The move was taken as the 24-year-old Brazilian is accused of tax
Published 17 Feb, 2016 12:00am
Platini says hopes to be back at UEFA for Euro 2016

Platini says hopes to be back at UEFA for Euro 2016

Banned UEFA president Michel Platini said he hoped to clear his name in time for the 2016 European Championship soccer tournament in June after attending a hearing on Monday to appeal against his suspension. Platini was banned for eight years in December
Published 17 Feb, 2016 12:00am
Cholistan Jeep Rally receives warm response

Cholistan Jeep Rally receives warm response

The 11th Cholistan Jeep Rally (CJR) has received overwhelming response from motor-sports enthusiasts, despite serious administrative glitches. The 11th CJR was organised by Tourism Development Corporation of Punjab (TDCP) on February 13-14. This event is
Published 17 Feb, 2016 12:00am
Iranian clubs threaten to quit Champions League over Saudi row

Iranian clubs threaten to quit Champions League over Saudi row

Iran may withdraw its teams from Asia's biggest club tournament if they are blocked from hosting matches against Saudi Arabian clubs due to the breakdown in relations between the regional rivals, an official with Iranian soccer champions Sepahan said. Fou
Published 17 Feb, 2016 12:00am
Flu forces Serena out of Qatar Open

Flu forces Serena out of Qatar Open

World number one Serena Williams on Tuesday become the latest high-profile name to pull out of the Qatar Open, citing flu for her withdrawal. It is the latest blow for organisers coming less than a week after Maria Sharapova pulled out of the Doha tournam
Published 17 Feb, 2016 12:00am
Pakistan to field six paddlers in World Team Championship

Pakistan to field six paddlers in World Team Championship

Six Pakistani paddlers will feature in the 2016 World Table Tennis Team Championship, scheduled to be staged at Kuala Lumpur, Malaysia from February 28 to March 6. "Our six-member team, comprising three male and as many female paddlers will depart from La
Published 17 Feb, 2016 12:00am
India-Pakistan WT20 game in Dharamsala will be high-scoring: Curator

India-Pakistan WT20 game in Dharamsala will be high-scoring: Curator

The most anticipated clash of the upcoming ICC World Twenty20 2016 between India and Pakistan is expected to be a high-scoring game, according to the ground's curator of Dharamsala. The high-voltage Indo-Pak match is scheduled to take place on March 19 at
Published 17 Feb, 2016 12:00am
Watson confident of fitness for World T20

Watson confident of fitness for World T20

Australia all-rounder Shane Watson is confident he will be fit for the World Twenty20 in India despite an abdominal strain cutting short his campaign in the Pakistan Super League. The 34-year-old suffered the injury bowling for Islamabad in the T20 tourna
Published 17 Feb, 2016 12:00am
Ivanovic starts Dubai with dynamic win

Ivanovic starts Dubai with dynamic win

Ana Ivanovic followed up last week's semi-final in Russia with a dynamic start at the Dubai Tennis Championships as the former world number one crushed Australian Daria Gavrilova 6-1, 6-0. The first-round rout for the Serb required just 53 minutes as she
Published 17 Feb, 2016 12:00am
Viv Richards keen to serve Pakistan team as coach

Viv Richards keen to serve Pakistan team as coach

Legendary West Indies cricketer Sir Viv Richards said he is ready to offer the Pakistan cricket team as a coach though he feels that the current coach Waqar Younis is doing a "great job". Arguably one of the destructive batsman of all time, the 63-year ol
Published 17 Feb, 2016 12:00am
Dutch fighter jets strike first IS targets in Syria

Dutch fighter jets strike first IS targets in Syria

Dutch F-16 fighter jets have bombed Islamic State targets for the first time in Syria since broadening its mission in the US-led air campaign, the defence ministry said on Tuesday. "Dutch F-16s carried out around 10 missions over Iraq and eastern Syria,"
Published 17 Feb, 2016 12:00am
Aid convoy to Syria besieged to test warring parties: UN

Aid convoy to Syria besieged to test warring parties: UN

UN envoy Staffan de Mistura announced that aid convoys will be sent Wednesday to besieged towns in Syria to test the resolve of warring parties to allow in humanitarian supplies. "It is clear it is the duty of the government of Syria to want to reach ever
Published 17 Feb, 2016 12:00am
Turkey wants Syria ground operation with allies

Turkey wants Syria ground operation with allies

Turkey called on Tuesday for a ground operation with its international allies to end the war in Syria, as a UN envoy held talks in Damascus aimed at salvaging an increasingly beleaguered cease-fire plan. Tensions escalated over Russia's air war in support
Published 17 Feb, 2016 12:00am
Charities urge European leaders to keep aid for poorest, not refugees

Charities urge European leaders to keep aid for poorest, not refugees

Hundreds of millions of people in developing countries will lose out if European governments raid their aid budgets to cover the costs of hosting refugees and tightening border security, a coalition of charities said on Tuesday. They issued their warning
Published 17 Feb, 2016 12:00am
Bahrain frees four American journalists

Bahrain frees four American journalists

Bahrain has freed an American journalist and her camera crew after accusing them of participating in an illegal gathering, and they are expected to fly out of the country shortly, the group's lawyer said on Tuesday. Bahraini lawyer Mohammed al-Jishi and m
Published 17 Feb, 2016 12:00am
Greece hits out at EU migrant criticism

Greece hits out at EU migrant criticism

Greece on Tuesday hit back at EU criticism of its handling of the massive migrant influx, saying the time for blaming Athens was "over" as it prepared to open new centres to register refugees. Athens has come under heavy pressure from fellow EU members to
Published 17 Feb, 2016 12:00am
Austria deals blow to EU with new southern border controls

Austria deals blow to EU with new southern border controls

The Austrian government announced Tuesday it would step up border controls at checkpoints along its southern frontier with Italy, Slovenia and Hungary in a bid to slow the migrant influx. "There will be different structural measures from containers to fur
Published 17 Feb, 2016 12:00am
South China Sea takes centre stage at US-ASEAN summit

South China Sea takes centre stage at US-ASEAN summit

US President Barack Obama and allies from Southeast Asia will turn their attention to China on Tuesday on the second day of a summit intended to improve commercial links and provide a united front on maritime disputes with Beijing. After a first day focus
Published 17 Feb, 2016 12:00am
Indian teachers strike to protest at student's arrest

Indian teachers strike to protest at student's arrest

Hundreds of teachers at one of India's top universities went on strike Tuesday to protest at the arrest of a student on a controversial sedition charge that has sparked mass protests. Student union leader Kanhaiya Kumar was arrested on Friday for allegedl
Published 17 Feb, 2016 12:00am
Ukraine PM Yatsenyuk survives no confidence vote

Ukraine PM Yatsenyuk survives no confidence vote

Ukraine's embattled Prime Minister Arseniy Yatsenyuk survived a no confidence vote in his government Tuesday that came just hours after the president asked him to stand down. The motion to oust the pro-Western government leader collected only 194 of a req
Published 17 Feb, 2016 12:00am
Canada tightening visa-free travel to its shores

Canada tightening visa-free travel to its shores

Canada will tighten its rules on entering the country next month, adding a layer of security that will impact Europeans and others previously allowed to visit without a travel visa. Formerly visa-exempt foreign nationals, including those passing through o
Published 17 Feb, 2016 12:00am
Canada tightening visa-free travel to its shores

Canada tightening visa-free travel to its shores

Canada will tighten its rules on entering the country next month, adding a layer of security that will impact Europeans and others previously allowed to visit without a travel visa. Formerly visa-exempt foreign nationals, including those passing through o
Published 17 Feb, 2016 12:00am
Iraq Kurds made $3.94 billion from direct oil sales in 2015

Iraq Kurds made $3.94 billion from direct oil sales in 2015

Iraq's autonomous Kurdish region announced on Tuesday that it made over $3.94 billion last year from direct oil export sales that the country's federal government considers illegal. The region is facing a financial crisis despite the substantial oil reven
Published 17 Feb, 2016 12:00am
Israel slams French peace plan

Israel slams French peace plan

Israeli Prime Minister Benjamin Netanyahu on Tuesday slammed France's diplomatic plan for an international conference on Middle East peace with recognition of a Palestinian state if talks fail. Netanyahu called it "mystifying" and counterproductive, argui
Published 17 Feb, 2016 12:00am
US restores regular flights to Cuba

US restores regular flights to Cuba

The United States and Cuba signed an agreement Tuesday authorising daily US commercial flights to the communist-ruled island for the first time in more than 50 years. The deal allows up to 110 daily flights to Havana and nine other destinations in Cuba. "
Published 17 Feb, 2016 12:00am
US restores regular flights to Cuba

US restores regular flights to Cuba

The United States and Cuba signed an agreement Tuesday authorising daily US commercial flights to the communist-ruled island for the first time in more than 50 years. The deal allows up to 110 daily flights to Havana and nine other destinations in Cuba. "
Published 17 Feb, 2016 12:00am
Car with 1592 smuggled mobile phones impounded

Car with 1592 smuggled mobile phones impounded

The custom officials impounded a car with 1592 smuggled mobile phones and arrested an accused here on Tuesday. Sources said that the custom officials during search of a Karachi bound car coming from Chaman near the provincial capital Quetta recovered 1592
Published 17 Feb, 2016 12:00am
KP chief minister announces internal security allowance for FC QRF

KP chief minister announces internal security allowance for FC QRF

Chief Minister Khyber Pakhtunkhwa Pervez Khattak while lauding the contribution of Frontier Constabulary has said that the force has set unprecedented example of gallantry in combating terrorism in country and that is why government and people were proud
Published 17 Feb, 2016 12:00am
Secret ballot: Sindh government's plea dismissed

Secret ballot: Sindh government's plea dismissed

Sindh High Court (SHC) on Tuesday dismissed the plea of Sindh government that sought suspension of the court's order in which Election Commission of Pakistan (ECP) was directed to conduct the elections for the representatives of local governments in the p
Published 17 Feb, 2016 12:00am
SCBA president for regular meetings of CCI

SCBA president for regular meetings of CCI

Barrister Syed Ali Zafar, President SCBA (Supreme Court Bar Association) stated that under Article 153 of the Constitution, it is the responsibility of the Prime Minister of Pakistan and the government to hold the meeting of CCI (Council of Common Interes
Published 17 Feb, 2016 12:00am
Munawwar Hasan inaugurates Book Fair 2016

Munawwar Hasan inaugurates Book Fair 2016

Former chief of Jamaat-e-Islami Syed Munawwar Hasan inaugurated the "Book Fair 2016" being organised by Islami Jamiat Talba(IJT) Karachi University chapter on Tuesday. More than 60 national and international stalls of books were set up in which books of K
Published 17 Feb, 2016 12:00am
Tobacco use not permissible in Islam: minister

Tobacco use not permissible in Islam: minister

Federal Minister for Religious Affairs Sardar Muhammad Yousaf said that tobacco use is not permissible in Islam and the federal government is doing a lot to control this menace, including work towards introducing a legislation, and will be doing same to b
Published 17 Feb, 2016 12:00am
Customs assures resolution to WeBOC- related problems

Customs assures resolution to WeBOC- related problems

Collector Customs, Peshawar, Qurban Ali Khan has assured clear agents of Torkham border for the resolution of problems relating to the clearance of goods through WeBOC system as soon as possible. Addressing a certificate distribution for the clearing agen
Published 17 Feb, 2016 12:00am
Efforts on to establish Customs court in Multan

Efforts on to establish Customs court in Multan

Director General Customs Intelligence & Investigation Imtiaz Ahmed Khan has said that necessary measures would be taken for the establishment of Customs court in Multan to hear the cases of Southern Punjab while a check post at Sadiqabad would start funct
Published 17 Feb, 2016 12:00am
ECNEC to take up five projects today

ECNEC to take up five projects today

A meeting of the Executive Committee of National Economic Council would meet today (Wednesday) to take up five projects including three 3800 MW energy sector projects and two transport and communication sector projects. Finance Minister Ishaq Dar would ch
Published 17 Feb, 2016 12:00am
Orix Leasing Pakistan Limited
Exchange

Orix Leasing Pakistan Limited

Orix Leasing Pakistan Limited (PSX:OLPL), the country's top leasing pure-play, was established in 1986 as a joint venture of Orix Corporation Japan and local players. The former, a financial services giant in the far east, has an asset base of $95 billion
Published 17 Feb, 2016 12:00am
Orix Leasing Pakistan Limited
Exchange

Orix Leasing Pakistan Limited

Orix Leasing Pakistan Limited (PSX:OLPL), the country's top leasing pure-play, was established in 1986 as a joint venture of Orix Corporation Japan and local players. The former, a financial services giant in the far east, has an asset base of $95 billion
Published 17 Feb, 2016 12:00am
Heath visits US Educational Foundation College fair

Heath visits US Educational Foundation College fair

US Consul General Brian Heath visited a college fair on Tuesday featuring representatives from 22 US universities as part of the United States Educational Foundation in Pakistan (USEFP) and EducationUSA's eighth South Asia Tour to promote US study among P
Published 17 Feb, 2016 12:00am
WWF, KE launch tree plantation campaign

WWF, KE launch tree plantation campaign

As part of its 'Earth Hour City Challenge-2016', WWF-Pakistan in collaboration with K-Electric (KE) has launched a 'tree plantation campaign' with an objective to work towards greener Karachi. During the launch ceremony of the campaign at WWF-Pakistan's W
Published 17 Feb, 2016 12:00am
Khaqan to address Pakistan Energy Forum on February 25

Khaqan to address Pakistan Energy Forum on February 25

Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi will deliver the keynote address at the forthcoming 8TH Pakistan Energy Forum 2016 being organised by SHAMROCK Conferences International on February 25, at a local hotel in Islamaba
Published 17 Feb, 2016 12:00am
Call to include Lasbela in CPEC project

Call to include Lasbela in CPEC project

President Lasbela Chamber of Commerce and Industry (LCCI), Maqsood Ismail has demanded of the government to include Lasbela in China Pakistan Economic Corridor (CPEC) in order to practically involve Balochistan in this project. Maqsood Ismail and former p
Published 17 Feb, 2016 12:00am
Argentinean envoy praises Pakistan's fight against terrorism, extremism

Argentinean envoy praises Pakistan's fight against terrorism, extremism

Calling upon Pakistan to look beyond neighbouring China, Europe and the United States to his Latin American region for the promotion of her international relations, Ambassador of Argentina Rodolfo J Martin-Saravia on Tuesday said that the terrorism-hit co
Published 17 Feb, 2016 12:00am
Former bonded labourers demand government announce land reforms
Cotton

Former bonded labourers demand government announce land reforms

A large number of freed bonded labourers, hailing from different Hari camps around Kotri, Hyderabad Umerkot, Sanghar and other areas of Sindh participated in a rally on Tuesday (yesterday) to highlight demands of implementation of land reforms, setting up
Published 17 Feb, 2016 12:00am
Sindh Education Foundation signs MoU with EFS

Sindh Education Foundation signs MoU with EFS

Sindh Education Foundation (SEF) and Education Fund for Sindh (EFS) have signed a Memorandum of Understanding (MoU) to provide an access to quality education to out-of-school children in the province. Both the organisations will combine their resources un
Published 17 Feb, 2016 12:00am
Government urged to announce long-term auto policy

Government urged to announce long-term auto policy

Parvez Ghias, CEO, Indus Motor Company Limited (IMC), has urged the government to announce long term auto policy for sustainable growth in auto sector. Speaking to media persons on the sidelines of 11th Cholistan Jeep Rally (CJR) held on February 13-14, G
Published 17 Feb, 2016 12:00am
Two alleged kidnappers held

Two alleged kidnappers held

Rangers on Tuesday claimed to have arrested two alleged kidnappers here. According to a paramilitary spokesman, the Rangers conducted a targeted raid at Yousuf Goth area and arrested two kidnappers. They were moved to undisclosed location for interrogatio
Published 17 Feb, 2016 12:00am
Penalties for tax evasion must be enhanced: PBIF chief

Penalties for tax evasion must be enhanced: PBIF chief

President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has suggested that punishment and penalties for tax evasion must be enhanced. He said exports continue to fall despite massive investment therefore government should focus
Published 17 Feb, 2016 12:00am
Bestway Cement wins three CSR Awards

Bestway Cement wins three CSR Awards

Bestway Cement and its subsidiary, Pakcem have once again been recognised for environmental stewardship and social responsibility efforts in Pakistan. At the 5th Corporate Social Responsibility Awards Summit on 11 February, Bestway Cement and Pakcem won t
Published 17 Feb, 2016 12:00am
BankIslami, FAW Motors ink strategic alliance

BankIslami, FAW Motors ink strategic alliance

BankIslami Pakistan Limited & Al-Haj FAW Motors Pvt Limited signed an agreement whereby both BankIslami & FAW Motors would mutually work together for the sales of FAW vehicles through BankIslami's Islami Auto Ijarah. This alliance will also help customers
Published 17 Feb, 2016 12:00am
Scientists urged to show excellence in research

Scientists urged to show excellence in research

"Quest for quality is a continuous journey without limits of space and time. Young scientists should come forward to achieve heights in their fields." This was stated by Mazharul Haq Siddiqui, former vice chancellor, University of Sindh, speaking as chief
Published 17 Feb, 2016 12:00am
1HFY16: PSO announces upswing in profitability

1HFY16: PSO announces upswing in profitability

The Board of Management (BOM) of Pakistan State Oil Company Limited (PSOCL) convened on Monday at the PSO head office to review the performance of the Company for the first half of financial year 2015-16 (1HFY16). During the period under review ie 1HFY16;
Published 17 Feb, 2016 12:00am
UBL Funds appoints Yasir Qadri as new Chief Executive
Exchange

UBL Funds appoints Yasir Qadri as new Chief Executive

The Board of Directors of UBL Fund Managers Limited (UBL Funds) announced the appointment of Yasir Qadri as the new Chief Executive. Qadri takes over the Company from outgoing CEO Mir Muhammad Ali, who served UBL Fund Managers for more than a decade. Unde
Published 17 Feb, 2016 12:00am
UBL Funds appoints Yasir Qadri as new Chief Executive
Exchange

UBL Funds appoints Yasir Qadri as new Chief Executive

The Board of Directors of UBL Fund Managers Limited (UBL Funds) announced the appointment of Yasir Qadri as the new Chief Executive. Qadri takes over the Company from outgoing CEO Mir Muhammad Ali, who served UBL Fund Managers for more than a decade. Unde
Published 17 Feb, 2016 12:00am
Muhammad Samiullah appointed FPCCI's committee chairman

Muhammad Samiullah appointed FPCCI's committee chairman

The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has formulated during the current year an "FPCCI Standing Committee on NBFIs & Modarabas" and appointed Muhammad Samiullah, Secretary General, NBFI & Modaraba Association of Pakistan as Ch
Published 17 Feb, 2016 12:00am
OGDCL earns Rs 34.205 billion profit

OGDCL earns Rs 34.205 billion profit

The Oil and Gas Development Company Ltd (OGDCL) net sales generated total revenue of Rs 86.186 billion, with profit after tax of Rs 34.205 billion translating into earnings per share of Rs 7.95 during first six months of current fiscal year. The financial
Published 17 Feb, 2016 12:00am
MCB Bank PMI for January 2016 increases
Cotton

MCB Bank PMI for January 2016 increases

Economic activity in the manufacturing sector expanded in January 2016 at a faster pace than in November 2015, according to company executives surveyed in the MCB Bank Purchasing Managers Index (PMI). The PMI for the month of January registered a value of
Published 17 Feb, 2016 12:00am
Mock counter-terror drill staged

Mock counter-terror drill staged

The soldiers of Pakistan Army conducted a mock counter-terrorism exercise at Malir Cantonment on Tuesday to create awareness among the students. The soldiers displayed their formidable skills to the students belonging to different universities so that the
Published 17 Feb, 2016 12:00am
IoBM organises 8th edition of CBMUN'16

IoBM organises 8th edition of CBMUN'16

The Literary and Public Speaking Society of the Institute of Business Management (IoBM) organised its eighth edition of 'College of Business Model United Nations (CBMUN'16). CBMUN'16 seeks to pave the way for curtailing conflicts and reconciling nations t
Published 17 Feb, 2016 12:00am
Hate speeches: ATC re-issues non-bailable warrants for MQM chief, others

Hate speeches: ATC re-issues non-bailable warrants for MQM chief, others

An Anti-Terrorism Court (ATC) on Tuesday issued Non Bail-able Warrants (NBWs) for the arrest of Muttahida Qaumi Movement (MQM) chief Altaf Hussain and other party leaders for delivering and facilitating hate speeches. MQM Chief Altaf Hussain was accused o
Published 17 Feb, 2016 12:00am
DC Malir inspects polio drive

DC Malir inspects polio drive

Deputy Commissioner (DC) Malir, Muhammad Ali Shah, who personally monitoring the campaign also visited various parts of the district and inspected the vaccination process. Representatives of World Health Organisation (WHO) led by Vachagan from Geneva PEI
Published 17 Feb, 2016 12:00am
MQM lawmaker resigns from NA seat

MQM lawmaker resigns from NA seat

Muttahida Qaumi Movement's (MQM) Parliamentarian Rehan Hashmi on Tuesday tendered his resignation from the National Assembly seat. According to sources, he will be appointed as the administrator of the district municipal corporation (DMC) in district cent
Published 17 Feb, 2016 12:00am
Biradari system will play dominant role in AJ&K elections

Biradari system will play dominant role in AJ&K elections

With canvassing for Azad Jammu and Kashmir (AJK) legislative elections in full swing analysts maintain that clan affiliations/biradari system will play a critical role in upcoming elections likely to take place by end of May. Sources added that almost all
Published 17 Feb, 2016 12:00am
NAB arrests two accused involved in housing scam

NAB arrests two accused involved in housing scam

The NAB Rawalpindi has arrested two accused persons Malik Muhammad Azam S/o Muhammad Khan and Khalid Shah S/o Nazakat Shah in Lake Vista Residencia" located at Mouza Abdullah, Rawalpindi housing scam. After producing before the Accountability Court, Islam
Published 17 Feb, 2016 12:00am
Two fake NAB 'officers' arrested

Two fake NAB 'officers' arrested

NAB has arrested two impersonators pretending themselves as officers of NAB, here on Tuesday. They demanded Rs 30 million from a government contractor for disposal of inquiry pending against him in NAB. NAB has caught the front man namely Jawad Ahmed Khan
Published 17 Feb, 2016 12:00am
Senate body approves bill on un-attended orphans

Senate body approves bill on un-attended orphans

The Senate Standing Committee on Law and Justice on Tuesday unanimously passed un-attended orphans (rehabilitation and welfare) act, 2013 with some amendments in order to project rights and ensure provisions of basic rights to un-attended orphans and unkn
Published 17 Feb, 2016 12:00am
CPEC: FPCCI says transparency, clarity must be maintained

CPEC: FPCCI says transparency, clarity must be maintained

China Pakistan Economic Corridor (CPEC) will be a milestone for Pakistan's economy while transparency, clarity and synchronisation on CPEC must be maintained to resolve the controversial issues and to develop national consensus on CPEC. This was stated by
Published 17 Feb, 2016 12:00am
'Need to resolve issues of food security, water, energy on priority'

'Need to resolve issues of food security, water, energy on priority'

Minister for Planning, Development and Reform Ahsan Iqbal said on Tuesday that if the issues related to food security, water and energy were not resolved in the shortest possible time then it would further exacerbate the situation. He expressed these view
Published 17 Feb, 2016 12:00am
Three militants held in Torghar

Three militants held in Torghar

Counter Terrorism Department (CTD) has arrested three militants in Torghar area and seized 6kg explosives from their possession on Tuesday. The counter terror forces foiled a terror bid in Torghar district. Reportedly, arrested terrorists were entering To
Published 17 Feb, 2016 12:00am
FBR bids farewell to three members

FBR bids farewell to three members

A meeting of the Board-in-Council was held on Tuesday in FBR House, Islamabad which was chaired by Nisar Muhammad Khan, Chairman FBR. In line with the tradition in FBR, the following officers recently retired in BS-21 (in FBR HQ), Aftab Ahmad, Member FBR;
Published 17 Feb, 2016 12:00am
President confers Nishan-i-Imtiaz (M) on Turkish naval commander

President confers Nishan-i-Imtiaz (M) on Turkish naval commander

President Mamnoon Hussain on Tuesday conferred the award of Nishan-i-Imtiaz (Military) on Admiral Bulent Bostangolu, Commander of the Turkish Naval Forces at a special ceremony held here at the Aiwan-e-Sadr. The President decorated Admiral Bulent B
Published 17 Feb, 2016 12:00am
Pak-Qatar LNG deal: agreement yet to be placed on official websites

Pak-Qatar LNG deal: agreement yet to be placed on official websites

The government has yet to place Pakistan Qatar Liquefied Natural Gas (LNG) deal signed on February 10, 2016 on the websites of either Public Procurement Regulatory Authority (PPRA) or Pakistan State Oil (PSO), a legal requirement. When the concerned offic
Published 17 Feb, 2016 12:00am
Audit accounts: PAC displeased with MD OPF

Audit accounts: PAC displeased with MD OPF

Public Accounts Committee (PAC) has expressed its utter displeasure to Managing Director Overseas Pakistanis Foundation (OPF) on concealing the actual amount in its books from the Federal Board of Revenue (FBR). While examining the audit accounts of the O
Published 17 Feb, 2016 12:00am
NTC, LMKT (Pvt) launch GoSmart mobile application

NTC, LMKT (Pvt) launch GoSmart mobile application

NTC in collaboration with LMKT (Pvt) Ltd has launched a GoSmart application for Government customers, all over Pakistan. Azmat Ali Ranjha, secretary IT, MoIT while speaking at the launching ceremony appreciated the efforts of the Chairman NTC for introduc
Published 17 Feb, 2016 12:00am
Sumaira's disqualification case: SC accepts PFSA report

Sumaira's disqualification case: SC accepts PFSA report

The Supreme Court on Tuesday accepted Punjab Forensic Science Agency (PFSA) report in disqualified Pakistan Muslim League-Nawaz' (PML-N) Member National Assembly Sumaira Malik review petition and asked the office concerned to provide the report copy to pa
Published 17 Feb, 2016 12:00am
Esakhelvi to contest in PTI intra-party polls

Esakhelvi to contest in PTI intra-party polls

Attaullah Khan Esakhelvi has on Tuesday announced to contest for Pakistan Tehreek-e-Insaf Mianwali President in party's intra party elections. Attaullah Khan Esakhelvi had started his carrier from Radio Pakistan in 1976 and sung more than 40,000 of songs
Published 17 Feb, 2016 12:00am
Nestle Pakistan crosses Rs 100 billion mark

Nestle Pakistan crosses Rs 100 billion mark

Nestlé Pakistan crossed the 100 billion mark in 2015, boosting its overall earnings by 10.5 percent for year ended on December 31, 2015. Despite prevalent socio-political situation of the country and the energy crisis, Nestlé Pakistan has witnessed an ove
Published 17 Feb, 2016 12:00am
Nestle Pakistan crosses Rs 100 billion mark

Nestle Pakistan crosses Rs 100 billion mark

Nestlé Pakistan crossed the 100 billion mark in 2015, boosting its overall earnings by 10.5 percent for year ended on December 31, 2015. Despite prevalent socio-political situation of the country and the energy crisis, Nestlé Pakistan has witnessed an ove
Published 17 Feb, 2016 12:00am
Jamaat e Islami urges rulers to shelve Privatization plan

Jamaat e Islami urges rulers to shelve Privatization plan

Chief of Jamaat e Islami, Pakistan, Senator Sirajul Haq, has said that the JI was against the nationalisation of private industries as well as the Privatization of state owned institutions. While addressing the central working committee of the National La
Published 17 Feb, 2016 12:00am
'Masses will have modern facility after completion of OLMT project'

'Masses will have modern facility after completion of OLMT project'

PML-N Lahore President Mohammad Pervez Malik has said that not only masses would have a modern journey facility after completion of Orange Line Metro Train project but it would give a clear message to the world that Pakistan is well on the way of progress
Published 17 Feb, 2016 12:00am
Opposition not allowed to speak on orange train project

Opposition not allowed to speak on orange train project

Opposition members in Punjab Assembly protesting on not being given permission to speak on issue of 'Orange Line Train' by the chair tore copies of agenda in the house. The opposition legislators also raised slogans against the government.
Published 17 Feb, 2016 12:00am
UAF to hold spring festival from February 28

UAF to hold spring festival from February 28

The University of Agriculture Faisalabad (UAF) is holding a spring festival from February 28 to March 10, 2016. The festival was meant for providing a platform to enhance the interaction among farming, researchers and industry that will help increase the
Published 17 Feb, 2016 12:00am
Previous Day