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Print - 2016-02-18
Investors more downbeat but not despondent on Swiss economy
Exchange

Investors more downbeat but not despondent on Swiss economy

Investor expectations for the Swiss economy slipped in February as uncertainty over global economies and falling prices came to the fore. But even at -5.9 points on the Swiss ZEW index - down from -3.0 in January - investor sentiment remained a far cry fr
Published 18 Feb, 2016 12:00am
Credit Agricole's plan to fix 'unbearable paradox' lifts shares

Credit Agricole's plan to fix 'unbearable paradox' lifts shares

Credit Agricole's plan to simplify its complex structure, with a promise of stable investor returns and stronger capital base, lifted its share price by 14 percent on Wednesday to eclipse Societe Generale as France's second-biggest bank by market capitali
Published 18 Feb, 2016 12:00am
Credit Agricole's plan to fix 'unbearable paradox' lifts shares

Credit Agricole's plan to fix 'unbearable paradox' lifts shares

Credit Agricole's plan to simplify its complex structure, with a promise of stable investor returns and stronger capital base, lifted its share price by 14 percent on Wednesday to eclipse Societe Generale as France's second-biggest bank by market capitali
Published 18 Feb, 2016 12:00am
South Africa inflation breaks central bank target
Currency

South Africa inflation breaks central bank target

South Africa's annual headline inflation rate jumped to 6.2 percent in January, breaking through the top end of the central bank's target range, official statistics showed Wednesday. A sharp fall in the rand currency and the worst drought in a century pus
Published 18 Feb, 2016 12:00am
Strong US industrial output bolsters growth picture

Strong US industrial output bolsters growth picture

US industrial production in January rose by the most in 14 months as manufacturing and utilities output increased, the latest sign the economy regained some ground early in the year. While other data on Wednesday showed a surprise decline in housing start
Published 18 Feb, 2016 12:00am
Tokyo stocks plunge
Currency

Tokyo stocks plunge

Tokyo stocks fell Wednesday, ending a two-day rally as a pick-up in the yen held back exporters and uncertainty hung over world oil output. The Japanese market was also weighed down by profit-taking after two days of gains, including a more than seven per
Published 18 Feb, 2016 12:00am
Wall Street climbs again; consumer, industrial shares surge
Exchange

Wall Street climbs again; consumer, industrial shares surge

Wall Street minted its second straight session of solid gains on Tuesday, as investors snatched up beaten-down consumer discretionary, industrial and tech shares. All 10 S&P sectors closed higher following an extended holiday weekend. Financials, healthca
Published 18 Feb, 2016 12:00am
US bonds fall on stock rally

US bonds fall on stock rally

US Treasury debt prices fell on Tuesday as a rally in Wall Street stocks and competing corporate bond supply led by Apple trimmed safe-haven demand for bonds, lifting benchmark yields further from their near 3-1/2-year lows set last week. US and other maj
Published 18 Feb, 2016 12:00am
US bonds fall on stock rally

US bonds fall on stock rally

US Treasury debt prices fell on Tuesday as a rally in Wall Street stocks and competing corporate bond supply led by Apple trimmed safe-haven demand for bonds, lifting benchmark yields further from their near 3-1/2-year lows set last week. US and other maj
Published 18 Feb, 2016 12:00am
Late recovery in banks help lift Indian shares

Late recovery in banks help lift Indian shares

India's NSE index rose on Wednesday, recovering from earlier falls of as much as 1.2 percent, as battered lenders such as State Bank of India recovered on value buying, while sentiment was also bolstered after European markets rallied. Oil, seen these day
Published 18 Feb, 2016 12:00am
Hong Kong stocks fall

Hong Kong stocks fall

Hong Kong stocks lost ground on Wednesday as a two-day solid rally petered out, thanks in part to slumping energy shares that dragged down the market. The Hang Seng index fell 1.0 percent, to 18,924.57, while the China Enterprises Index lost 1.2 percent,
Published 18 Feb, 2016 12:00am
China stocks rise to fresh three-week high
Currency

China stocks rise to fresh three-week high

China stocks rose again on Wednesday to a fresh three-week high, as demand for infrastructure shares helped the market maintain a rebound fuelled by economic stimulus hopes, although some analysts warned the relief rally could soon peter out. The CSI300 i
Published 18 Feb, 2016 12:00am
Credit Agricole, Glencore lead European share rally

Credit Agricole, Glencore lead European share rally

European stocks rose sharply on Wednesday, helped by stronger crude oil prices on optimism over an output deal, and boosted by a rise in the shares of French bank Credit Agricole and miner Glencore. The pan-European FTSEurofirst 300 index was up 2.4 perce
Published 18 Feb, 2016 12:00am
New Zealand stocks extend gains, Australia flat

New Zealand stocks extend gains, Australia flat

Australian shares ran out of puff on Wednesday following a two-day rally, but New Zealand eked out a third session of gains as solid profits whipped a2 Milk Company's stock price into a froth. Australia's S&P/ASX 200 index was a touch lower at 4,909.90 by
Published 18 Feb, 2016 12:00am
Southeast Asian stocks: Singapore pulls back; Indonesia up

Southeast Asian stocks: Singapore pulls back; Indonesia up

Most Southeast Asian stock markets retreated, in line with Asia on Wednesday, with Singapore snapping a three-day rising streak after downbeat exports data in January, but foreign inflows helped bring Indonesian benchmark to a near one-week high. Losses i
Published 18 Feb, 2016 12:00am
FTSE lifted by recovery in Glencore

FTSE lifted by recovery in Glencore

Britain's top share index rallied for a fourth straight session on Wednesday as appetite grew for underperformers in the mining sector, led by a surge in miner Glencore. The FTSE 100 was up 2.9 percent at 6,030.32 points at its close, taking gains over th
Published 18 Feb, 2016 12:00am
Yen edges higher in Asia
Currency

Yen edges higher in Asia

The yen retook some ground against the dollar on Wednesday after a recent rebound in crude oil prices fizzled and revived demand for the safe-haven Japanese currency. The dollar fell 0.3 percent to 113.74 yen, pulling away from a one-week high of 114.875
Published 18 Feb, 2016 12:00am
Yen gives up gains in Europe
Currency

Yen gives up gains in Europe

The yen gave up gains on Wednesday as oil prices and stock markets in Europe ticked higher, removing some of the appeal of the safe-haven Japanese currency. Earlier, the yen had strengthened as Asian stock markets fell and oil prices slipped. In addition,
Published 18 Feb, 2016 12:00am
Early trade in New York: Yen, Swiss franc slip
Currency

Early trade in New York: Yen, Swiss franc slip

The yen and Swiss franc on Wednesday surrendered gains and turned lower as a rise in oil prices and a recovery in European stock markets and US equity futures dimmed the appeal of these safe-haven currencies. Earlier, the yen had strengthened as Asian sto
Published 18 Feb, 2016 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 Wednesday. 78.50-78.50 (previous 78.50-78.50). 03.00-04.50 percent (* previous 02.75-04.50 percent) (* revised).
Published 18 Feb, 2016 12:00am
Most emerging Asian currencies slip
Exchange

Most emerging Asian currencies slip

Most emerging Asian currencies slid on Wednesday with South Korea's won at a 5-1/2-year low on some doubts over sustainability of an oil rebound, while a weaker Chinese yuan further hurt sentiment on regional units. The yuan slid on increasing dollar dema
Published 18 Feb, 2016 12:00am
Indian rupee nears record low
Exchange

Indian rupee nears record low

The Indian rupee fell to near record lows against the dollar on Wednesday, forcing the central bank to intervene to stem further falls on a tough day for Asian currencies. The rupee fell to as low as 68.67 to the dollar, not far from a record low of 68.85
Published 18 Feb, 2016 12:00am
Sterling strengthens
Exchange

Sterling strengthens

Sterling edged up from a two-week low against the dollar on Wednesday after mixed data from the UK labour market showed wage growth slowing but the number of people in employment reaching a record high. Though sterling initially dipped after the numbers,
Published 18 Feb, 2016 12:00am
Yuan inches down
Currency

Yuan inches down

The yuan slipped against the dollar on Wednesday as dollar demand surged after the long Lunar New Year holiday in China last week and after the central bank fixed a weaker midpoint. The People's Bank of China set the midpoint rate at 6.5237 per dollar pri
Published 18 Feb, 2016 12:00am
Aussie, kiwi on guard ahead of Fed

Aussie, kiwi on guard ahead of Fed

The Australian and New Zealand dollars ran out of puff on Wednesday after more wild swings in oil prices weighed on commodity currencies, while investors were cautious ahead of the minutes of the Federal Reserve's last policy meeting. The Australian dolla
Published 18 Feb, 2016 12:00am
Four cities open campaign to host 2024 Olympics

Four cities open campaign to host 2024 Olympics

Candidature files from Paris, Rome, Los Angeles and Budapest to host the 2024 Olympic Games, sport's most glittering event, were all delivered on schedule, the International Olympic Committee (IOC) confirmed on Wednesday. The new Candidature Process encou
Published 18 Feb, 2016 12:00am
UEFA charge Lokomotiv's Tarasov over Putin Turkey t-shirt show

UEFA charge Lokomotiv's Tarasov over Putin Turkey t-shirt show

UEFA on Wednesday charged Lokomotiv Moscow midfielder Dmitry Tarasov with improper conduct after he stripped off to reveal a t-shirt supporting Russian President Vladimir Putin in a politically charged gesture after a match in Turkey.
Published 18 Feb, 2016 12:00am
FIFA sanctions Beckenbauer over World Cup bidding probe

FIFA sanctions Beckenbauer over World Cup bidding probe

FIFA's ethics committee on Wednesday sanctioned German football legend Franz Beckenbauer with a warning and a light fine for failing to cooperate with a probe into the bidding for the 2018 and 2022 World Cups. The investigation into the controversial deci
Published 18 Feb, 2016 12:00am
Monfils named in France Davis Cup team

Monfils named in France Davis Cup team

France's new Davis Cup captain Yannick Noah has retained Gael Monfils in his team to play Canada in a World Group first round match next month despite the player's criticisms over staging the tie in Guadeloupe. Monfils was named along with Jo-Wilfried Tso
Published 18 Feb, 2016 12:00am
PUTD win 68th inter-collegiate girls contest

PUTD win 68th inter-collegiate girls contest

Punjab University Teaching Department (PUTD) has clinched first position in the 68th Inter-collegiate Girls Championship securing 147 points on Wednesday. The two-day championship was organised by Punjab University Department of Sports at Punjab Hockey St
Published 18 Feb, 2016 12:00am
Wapda players help Pakistan take third position in South Asian Games

Wapda players help Pakistan take third position in South Asian Games

The Pakistan Water and Power Development Authority (Wapda) players, represented the country in 12th South Asian Games held in India, brought Pakistan one step up on 3rd position by wining 44% of overall in medal tally of 106. Previously Pakistan was at 4t
Published 18 Feb, 2016 12:00am
PSG edge Chelsea 2-1 in first leg of Champions League

PSG edge Chelsea 2-1 in first leg of Champions League

The much-maligned Edinson Cavani came off the bench to score the winner as Paris Saint-Germain edged Chelsea 2-1 in the first leg of their Champions League last-16 tie on Tuesday. Cavani beat the excellent Thibaut Courtois in the 78th minute at the Parc d
Published 18 Feb, 2016 12:00am
Del Potro makes winning return in Florida

Del Potro makes winning return in Florida

Juan Martin del Potro made a winning return to tennis on Tuesday after a 11-month injury layoff, romping past America's Denis Kudla in straight sets in the first round of the Delray Beach Open. The injury-plagued 27-year-old Argentine faced an uncertain f
Published 18 Feb, 2016 12:00am
I've relearnt everything through variations in bowling: Ajmal

I've relearnt everything through variations in bowling: Ajmal

Pakistan off-spinner Saeed Ajmal has stated that he has relearned everything with his aspects in bowling. The 38-year-old is currently playing in the Twenty20 domestic Pakistan Super League. "I have relearned everything. Even with my body, I have had to s
Published 18 Feb, 2016 12:00am
Bracewell out of second Test

Bracewell out of second Test

Struggling New Zealand suffered another injury blow Wednesday, with a shoulder strain ruling paceman Doug Bracewell out of the second Test against Australia. Already missing batsman Ross Taylor and spinner Mitchell Santner, the Black Caps said a scan had
Published 18 Feb, 2016 12:00am
McKenzie joins South Africa as batting coach

McKenzie joins South Africa as batting coach

South Africa have appointed former player Neil McKenzie as batting coach until the end of next month's World Twenty20 in India. McKenzie, 40, retired as a player last month and has been roped in to help South African batting line-up that has looked fragil
Published 18 Feb, 2016 12:00am
Cooper reported for suspected illegal bowling action in PSL

Cooper reported for suspected illegal bowling action in PSL

Lahore Qalandars player Kevin Cooper has been reported for a suspected illegal bowling action during Tuesday night's HBL Pakistan Super League Twenty20 game against the Quetta Gladiators at the Dubai International Cricket Stadium in Dubai. "Kevin Cooper i
Published 18 Feb, 2016 12:00am
Protesters rally on Kosovo independence day

Protesters rally on Kosovo independence day

Thousands of protesters marched through Kosovo's capital Wednesday on the eighth anniversary of independence from Serbia, calling for the government to step down and hold snap elections. After a morning of official anniversary celebrations in the capital
Published 18 Feb, 2016 12:00am
Suicide bomber kills at least 13 recruits at Yemen army camp

Suicide bomber kills at least 13 recruits at Yemen army camp

A suicide bomber killed at least 13 recruits at a Yemeni army camp run by President Abd-Rabbu Mansour Hadi's government in the southern port city of Aden on Wednesday, medical sources and a security official said. Islamic State claimed responsibility for
Published 18 Feb, 2016 12:00am
White House opposes bill to rename Chinese Embassy address

White House opposes bill to rename Chinese Embassy address

The White House said Tuesday that President Barack Obama is prepared to veto legislation that would rename part of a Washington street after an imprisoned Chinese Nobel laureate. The bill - introduced by Republican presidential candidate Ted Cruz - would
Published 18 Feb, 2016 12:00am
Russia sues Ukraine in London

Russia sues Ukraine in London

Russia has filed a lawsuit against Ukraine at the High Court in London over a disputed $3 billion loan that Moscow says Kiev has refused to pay back, the finance minister said Wednesday. "Today the Russian finance ministry filed the lawsuit against Ukrain
Published 18 Feb, 2016 12:00am
Austria sets asylum limit as Eastern Europe hikes pressure

Austria sets asylum limit as Eastern Europe hikes pressure

Austria announced Wednesday a daily limit for the number of asylum requests as eastern EU members set a mid-March deadline for a German-backed plan on Turkey sealing its borders to migrants to bear fruit. On the eve of an EU summit, Germany's Chancellor A
Published 18 Feb, 2016 12:00am
Aid enters besieged Syrian town in 'test' for warring sides

Aid enters besieged Syrian town in 'test' for warring sides

A convoy carrying food and medicine entered a besieged rebel-held town near Damascus Wednesday in what the United Nations described as a test for the country's warring sides ahead of a hoped-for cease-fire. The Red Crescent said trucks laden with supplies
Published 18 Feb, 2016 12:00am
IS shoots down Iraqi army helicopter killing one

IS shoots down Iraqi army helicopter killing one

The Islamic State jihadist group shot down an Iraqi military helicopter west of Baghdad on Wednesday, killing at least one person, officials said. The helicopter - the second lost by Iraq in two days - went down near Amriyat al-Fallujah, though officials
Published 18 Feb, 2016 12:00am
Fighting at Indian court hearing divisive student sedition case

Fighting at Indian court hearing divisive student sedition case

Fighting broke out on Wednesday at an Indian court hearing a case against a left-wing student leader accused of sedition, a charge that has sparked protests across university campuses and criticism the government is curtailing free speech. Kanhaiya Kumar,
Published 18 Feb, 2016 12:00am
Appeals court upholds Apple e-book settlement

Appeals court upholds Apple e-book settlement

A US appeals court rejected Wednesday a challenge to a settlement between Apple and consumers which could have voided a $450 million payout deal in the Apple e-books antitrust case. A three-judge panel dismissed criticism of the settlement by plaintiff Jo
Published 18 Feb, 2016 12:00am
Israel army chief warns troops to use only 'necessary' force

Israel army chief warns troops to use only 'necessary' force

Israel's top soldier is warning his troops not to use excessive firepower in combating a wave of Palestinian violence in which many youthful attackers have died in the act. In remarks to high-school seniors heading for compulsory military service, he spok
Published 18 Feb, 2016 12:00am
WHO seeks $56 million for plan to combat Zika virus

WHO seeks $56 million for plan to combat Zika virus

The World Health Organisation (WHO) said on Wednesday that $56 million would be needed until June to fund a strategy to combat the Zika virus which has spread to 39 countries and has been linked to birth defects in Brazil. The funds sought, including $25
Published 18 Feb, 2016 12:00am
PM's remarks on: NAB shouldn't be mere eyewash: Bilawal

PM's remarks on: NAB shouldn't be mere eyewash: Bilawal

Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari has said that Prime Minister Nawaz Sharif's remarks against the harassment of government officers and innocent persons at the hands of NAB officials shouldn't be mere eyewash as the attempts to
Published 18 Feb, 2016 12:00am
Exhibition of thesis work held at SU

Exhibition of thesis work held at SU

An exhibition of thesis work by final year's students of Institute of Art and Design, University of Sindh was organised here. Professor Dr Muhammad Siddique Kalhoro, Acting Vice Chancellor, University of Sindh inaugurated the event. In the exhibition, the
Published 18 Feb, 2016 12:00am
Forged mark sheets: KU cancels admission of students

Forged mark sheets: KU cancels admission of students

Director Admissions, University of Karachi, Professor Dr Khalid Iraqi, has notified that after verification from the Board of Intermediate Education Karachi, the mark sheets of some students have been found forged/tempered, therefore their admission are c
Published 18 Feb, 2016 12:00am
Linde Pakistan Limited

Linde Pakistan Limited

Linde Pakistan Limited (LPL) is primarily involve in manufacturing and distribution of industrial, medical and speciality gases as well as welding products. It also provides a broad range of related services including the installation of on-site plants, g
Published 18 Feb, 2016 12:00am
Linde Pakistan Limited

Linde Pakistan Limited

Linde Pakistan Limited (LPL) is primarily involve in manufacturing and distribution of industrial, medical and speciality gases as well as welding products. It also provides a broad range of related services including the installation of on-site plants, g
Published 18 Feb, 2016 12:00am
WWF-Pakistan, PMSA sign Letter of Cooperation

WWF-Pakistan, PMSA sign Letter of Cooperation

WWF-Pakistan and Pakistan Maritime Security Agency (PMSA) signed Letter of Cooperation for management of fisheries in coastal and offshore waters of Pakistan. In this context, a signing ceremony was held at PMSA's headquarter, here on Wednesday. Rear Admi
Published 18 Feb, 2016 12:00am
Health Ministry, Danish firm agree to improve diabetes awareness

Health Ministry, Danish firm agree to improve diabetes awareness

The Ministry of National Health Services, Government of Pakistan has signed a Letter of Understanding (LoU) with Danish pharma company Novo Nordisk Pakistan to improve awareness and education on diabetes. The long-term mutual strategic cooperation aims to
Published 18 Feb, 2016 12:00am
Jamal Mustafa made Secretary Home Sindh

Jamal Mustafa made Secretary Home Sindh

Jamal Mustafa Syed, an officer of Pakistan Administrative Service (BS-20), has assumed the charge of Secretary, Home Department Sindh. This was stated in a handout issued here on Wednesday.
Published 18 Feb, 2016 12:00am
Intel officials honoured

Intel officials honoured

Intel's Roz Hudnell and Carolyn Duran were named to the Fast Company Most Creative People in Business 1000 list, an exclusive community of influencers in business from around the world. The list features movers and shakers across industries, including tec
Published 18 Feb, 2016 12:00am
Sindhi & Urdu versions of Entomology books launched

Sindhi & Urdu versions of Entomology books launched

Sindhi and Urdu versions of two books on Entomology translated by Dr Imran Khatri, have been launched by Vice Chancellor of Sindh Agriculture University Tandojam, Dr Mujeeb Sahrai. Speaking to a launching ceremony held at his office on Wednesday, the vice
Published 18 Feb, 2016 12:00am
Slumbering PSM shows why state sell-offs are stalled

Slumbering PSM shows why state sell-offs are stalled

Once the producer of almost half the country's steel needs, state-owned Pakistan Steel Mills' (PSM) cavernous factory buildings on the outskirts of Karachi stand eerily still. A 4.5 km-long (2.8 mile) conveyor belt that once carried coal from the nearby p
Published 18 Feb, 2016 12:00am
KE signs accord with Attock Cement

KE signs accord with Attock Cement

K-Electric has signed an accord with Attock Cement Limited for providing additional 16MW electricity to the cement manufacturer. A useful and economical methodology was constructed via a one-window operation for serving the additional 16MW to Attock Cemen
Published 18 Feb, 2016 12:00am
KE signs accord with Attock Cement

KE signs accord with Attock Cement

K-Electric has signed an accord with Attock Cement Limited for providing additional 16MW electricity to the cement manufacturer. A useful and economical methodology was constructed via a one-window operation for serving the additional 16MW to Attock Cemen
Published 18 Feb, 2016 12:00am
IBA Karachi wins 8th CFA Institute Research Challenge

IBA Karachi wins 8th CFA Institute Research Challenge

IBA Karachi won the local final of 8th CFA Institute Research Challenge (IRC) held at a local hotel. Renowned financial sector professionals belonging to top-tier banks, DFIs, AMCs and Brokerage Houses attended the annual event hosted by the CFA Society P
Published 18 Feb, 2016 12:00am
Argentine's envoy underscores need for better trade ties

Argentine's envoy underscores need for better trade ties

Argentine's Ambassador to Pakistan Rodolfo J. Martin Saravia has advised Pakistani business community to explore trade opportunities in various sectors in his country. Speaking at a meeting of Karachi Chamber of Commerce & Industry (KCCI), he said that th
Published 18 Feb, 2016 12:00am
Three shot dead

Three shot dead

At least three persons of Muree tribe were short dead and four others injured in firing incident here on Wednesday. According to police sources, some unidentified armed men entered into house of Muree tribal leader Mozai Muree and opened fire at the famil
Published 18 Feb, 2016 12:00am
Sharmeen appointed Honorary Ambassador for Blood Safety

Sharmeen appointed Honorary Ambassador for Blood Safety

Internation-ally acclaimed and Oscar Award winner Pakistani Sharmeen Obaid-Chinoy has been appointed "Ambassador for Blood Safety" (honorary) by the Government of Pakistan. "To promote the national blood safety program in Pakistan, Sharmeen has been appoi
Published 18 Feb, 2016 12:00am
CM, Corps Commander discuss implementation of NAP

CM, Corps Commander discuss implementation of NAP

Sindh Chief Minister Syed Qaim Ali Shah has said that Sindh government was working hard to implement National Action Plan (NAP) in its true letter and spirit. "The operation against terrorists would continue till the last terrorist for which the role of p
Published 18 Feb, 2016 12:00am
Prime Minister for expansion of CDA rescue services

Prime Minister for expansion of CDA rescue services

Prime Minister Muhammad Nawaz Sharif Wednesday desired that the Capital Development Authority (CDA) should immediately undertake necessary expansion in its rescue services to cover the entire Islamabad Capital Territory (ICT). The Prime Minister observed
Published 18 Feb, 2016 12:00am
KP government reaffirms support for CDLD-related initiatives

KP government reaffirms support for CDLD-related initiatives

Khyber Pakhtunkhwa Senior Minister for Local Government, Elections and Rural Development, Inayatullah Khan has reaffirmed support and resolve on behalf of the provincial government for the Community-Driven Local Development (CDLD) related programme initia
Published 18 Feb, 2016 12:00am
President approves Rs 11 million for artists, writers

President approves Rs 11 million for artists, writers

President Mamnoon Hussain on Wednesday approved Rs 11.7 million financial assistance for 43 deserving artists and writers from across the country. The President gave the approval while chairing a meeting of the Steering Committee of Federal Government Art
Published 18 Feb, 2016 12:00am
Non-implementation of proposals causes huge revenue loss: PCA

Non-implementation of proposals causes huge revenue loss: PCA

The new team of the Federal Board of Revenue (FBR) can effectively benefit from the taxation proposals of Pakistan computer industry to increase revenue collection, expand retail base and end smuggling of the IT-related products during remaining two quart
Published 18 Feb, 2016 12:00am
BISP aims to achieve SDGs of poverty reduction: Marvi

BISP aims to achieve SDGs of poverty reduction: Marvi

Benizir Income Support Program (BISP) is a model social safety net programme which aims to achieve SDGs of poverty reduction, zero hunger and women empowerment. This was stated by BISP Chairperson, Marvi Memon, in her welcome note, during an event organis
Published 18 Feb, 2016 12:00am
Technical training can help quadruple remittances: NAVTTC

Technical training can help quadruple remittances: NAVTTC

Pakistan's forex remittances can be increased four times, besides overcoming the extremism issue by promoting technical training/education which has so far been neglected. Executive Director National Vocational & Technical Training Commission (NAVTTC) Zul
Published 18 Feb, 2016 12:00am
Pesco drive in full swing

Pesco drive in full swing

On the directives of Chief Executive, Peshawar Electric Supply Company (Pesco) Anwar Ul Haq Yousafzai, a drive against illegal use of electricity is in full swing throughout Khyber Pakhtunkhwa. In this connection Pesco Wapda House Peshawar Surveillance te
Published 18 Feb, 2016 12:00am
Profiteers, encroachment mafia 101 held during crackdown in Peshawar

Profiteers, encroachment mafia 101 held during crackdown in Peshawar

District administration Peshawar arrested 101 persons during crackdown against profiteers and encroachment mafia in different parts of the district. According to details, on the directives of the Deputy Commissioner (DC), Riaz Khan Meshud, Additional Assi
Published 18 Feb, 2016 12:00am
Afghan Army team visits Southern Command HQs

Afghan Army team visits Southern Command HQs

A nine-member delegation of Afghan National Army headed by Corps Commander Lieutenant General Mohammad Munin Faqir on Wednesday visited Southern Command (SC) Headquarters and called on Lieutenant General Aamer Riaz Commander SC. According to Inter Service
Published 18 Feb, 2016 12:00am
'Strength of judges must be determined only after consultations with SC'

'Strength of judges must be determined only after consultations with SC'

The Pakistan Bar Council held an emergent meeting at Islamabad on Wednesday under chairmanship of Senator Barrister Dr Muhammad Farogh Naseem, Vice-Chairman, Pakistan Bar Council and the same was attended by Abdul Fayaz, Chairman, Executive Committee and
Published 18 Feb, 2016 12:00am
Dual nationality case: hearing adjourned

Dual nationality case: hearing adjourned

Adjourning the hearing of dual nationality matter of more than 24 parliamentarians for a month on Wednesday the Supreme Court asked the respondents to engage counsel in the case. Appearing before a three-member bench led by Justice Azmat Saeed Sheikh in t
Published 18 Feb, 2016 12:00am
TRIC, FBR decide to implement TRC's short-term proposals

TRIC, FBR decide to implement TRC's short-term proposals

Tax Reform Implementation Committee (TRIC) and Federal Board of Revenue (FBR) have decided to implement short-term recommendations of the Tax Reform Commission (TRC) including accurate valuation of properties to control under-valuation of immovable proper
Published 18 Feb, 2016 12:00am
Kwick High Tech organises event for earthquake victims

Kwick High Tech organises event for earthquake victims

Kwick High Tech & Solutions (Pvt) Ltd recently organised an event for the contributions for the earthquake victims of Gilgit-Baltistan and Chitral. The ceremony was been attended by Ina Lepel Ambassador of Germany as Chief Guest, Chairman PTA Dr Syed Isma
Published 18 Feb, 2016 12:00am
Two-day weekly gas supply to industries in Punjab restored

Two-day weekly gas supply to industries in Punjab restored

The Sui-Northern Gas Pipelines Limited (SNGPL) has restored two day weekly gas supply to general industries in Punjab after three months. According to revised gas load-management plan of the SNGPL issued here on Wednesday, gas supply has been restored to
Published 18 Feb, 2016 12:00am
Tax authorities urged to increase number of compliant taxpayers

Tax authorities urged to increase number of compliant taxpayers

Chas Roy-Chowdhury, Head of Taxation Association of Chartered Certified Accountants (ACCA), has said that Pakistani tax authorities should take steps to increase number of compliant taxpayers to avoid policy of higher rates of withholding taxes on non-fil
Published 18 Feb, 2016 12:00am
Two suspects held at Benazir Bhutto Airport

Two suspects held at Benazir Bhutto Airport

Two passengers involved in a murder case whose names were put in the Exit Control List (ECL) landed at Benazir Bhutto International Airport from Muscat were taken into custody by Federal Investigation Agency (FIA) here on Wednesday. Arrested suspects Abdu
Published 18 Feb, 2016 12:00am
Prime Minister directs early restoration of Lal Suhanara Park's beauty

Prime Minister directs early restoration of Lal Suhanara Park's beauty

Prime Minister Muhammad Nawaz Sharif Wednesday directed for early restoration of Lal Suhanara National Park by removing any bottlenecks in its uplift. According to a press release the prime minister also directed for early completion of the ongoing projec
Published 18 Feb, 2016 12:00am
Assemblies will play role towards achieving targets of SDGs: speaker

Assemblies will play role towards achieving targets of SDGs: speaker

Speaker National Assembly Sardar Ayaz Sadiq has said that national and provincial assemblies would play their role to achieve the targets of 'Sustainable Development Goals" (SDGs). The Speaker said this while inaugurating the secretariat of Sustainable De
Published 18 Feb, 2016 12:00am
War on terror: $107 billion losses suffered: Sartaj
Currency

War on terror: $107 billion losses suffered: Sartaj

Pakistan has suffered economic losses of around $107 billion in war against terrorism. Pakistan's exports have registered a sharp decline since the last financial year as they have plummeted from historic $25.11 billion to $23.88 billion in fiscal year 20
Published 18 Feb, 2016 12:00am
CPEC components: National Assembly panel seeks briefing from Minister

CPEC components: National Assembly panel seeks briefing from Minister

The National Assembly's Standing Committee on Planning and Development Wednesday flayed Minister for Planning Ahsan Iqbal and the Secretary Planning for ignoring the parliamentary committee and stated that "the minister attended only one meeting of the co
Published 18 Feb, 2016 12:00am
DG Rangers concerned over delay in formation of JITs

DG Rangers concerned over delay in formation of JITs

The Director General of Pakistan Rangers, Sindh, Major General Bilal Akbar presided over a high-level meeting, here on Wednesday. The meeting held at the Rangers Headquarters was attended by senior staff officers, prosecution officers and Rangers' law off
Published 18 Feb, 2016 12:00am
Engro Fertilizers to redeem Rs 2 billion TFCs

Engro Fertilizers to redeem Rs 2 billion TFCs

Engro Fertilizers Limited (EFL) has decided to redeem its entire outstanding amount of the listed privately-placed Term Finance Certificates (TFC-V). As a company stock filing shows, the aggregate redeemable sum of EFL stands at Rs 2 billion which is incl
Published 18 Feb, 2016 12:00am
DGKCL investing Rs 1.26 billion in Adamjee Insurance

DGKCL investing Rs 1.26 billion in Adamjee Insurance

D G Khan Cement Company Limited (DGKCL) has decided to increase its investment in Adamjee Insurance Company by Rs 1.26 billion, said a stock filing. The fresh investment will be made through purchase of Adamjee shares at the prevailing stock market rate.
Published 18 Feb, 2016 12:00am
Margin on MTB down 4 basis points

Margin on MTB down 4 basis points

Margin on short-term government papers declined slightly in the auction held Wednesday. The State Bank of Pakistan (SBP), on February 17, conducted the auction for sale of 3-, 6- and 12-month Market Treasury Bills (MTBs) and received bids amounting to Rs
Published 18 Feb, 2016 12:00am
Margin on MTB down 4 basis points

Margin on MTB down 4 basis points

Margin on short-term government papers declined slightly in the auction held Wednesday. The State Bank of Pakistan (SBP), on February 17, conducted the auction for sale of 3-, 6- and 12-month Market Treasury Bills (MTBs) and received bids amounting to Rs
Published 18 Feb, 2016 12:00am
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