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May 19, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-02-27
China stocks rebound, down over three percent for week
Currency

China stocks rebound, down over three percent for week

China stocks rebounded on Friday as markets took a breather after sharp losses in the previous session, while investors awaited policy messages from Chinese and global leaders gathering in Shanghai for a G20 meeting. The CSI300 index of the largest listed
Published 27 Feb, 2016 12:00am
Miners help drive European shares to three-week high

Miners help drive European shares to three-week high

European equities rallied on Friday to reach a three-week high, as a jump in metals prices boosted miners and some encouraging company updates also supported the market. However, state-backed Royal Bank of Scotland slumped more than 7 percent after report
Published 27 Feb, 2016 12:00am
TSX makes slight gain
Exchange

TSX makes slight gain

Canada's main stock index notched a small gain on Thursday as two major banks rose after reporting quarterly numbers, while energy stocks weighed despite a late rally in crude prices. Shares in Canadian Imperial Bank of Commerce jumped 2.5 percent to C$89
Published 27 Feb, 2016 12:00am
Hong Kong shares up two percent

Hong Kong shares up two percent

Hong Kong shares rose more than 2 percent on Friday, buoyed by a rebound in mainland China markets that prompted investors to hunt for bargains after losses in the previous session. The Hang Seng index surged 2.5 percent to 19,364.15 points, its best day
Published 27 Feb, 2016 12:00am
FTSE rallies for second week, RBS plummets
Exchange

FTSE rallies for second week, RBS plummets

British shares rallied on Friday and posted a second week of gains in a row, boosted by a rally in publisher Pearson and London Stock Exchange Group , though Royal Bank of Scotland reported its eighth full-year loss in a row. RBS shares plunged 7.1 percen
Published 27 Feb, 2016 12:00am
China's yuan edges lower

China's yuan edges lower

China's yuan eased against the dollar on Friday as the central bank was believed to stay on the sidelines amid a flurry of messages coming out of central bankers and finance ministers from the G20 meeting, traders said. The People's Bank of China set the
Published 27 Feb, 2016 12:00am
Dollar falls in Asia
Exchange

Dollar falls in Asia

The dollar edged down on Friday but was still on track for weekly gains against its major counterparts, as investors focused on the two-day Group of 20 nations' currency and economic talks that kicked off in Shanghai. The dollar index, which tracks the gr
Published 27 Feb, 2016 12:00am
Yen gains against dollar in Europe
Currency

Yen gains against dollar in Europe

The yen gained against the dollar on Friday and with one more trading day to go was on track for its best month in 7-1/2 years, as investors eyed a G20 summit they did not expect to produce any agreement to stop competitive currency devaluations. Sterling
Published 27 Feb, 2016 12:00am
Early trade in New York: dollar gains across the board
Currency

Early trade in New York: dollar gains across the board

The dollar gained across the board on Friday after generally upbeat US economic data revived some expectations that the Federal Reserve could consider raising interest rates again this year. The dollar index, a measure of the greenback's value against six
Published 27 Feb, 2016 12:00am
Dollar up against most currencies in New York
Currency

Dollar up against most currencies in New York

The dollar edged higher against most currencies, including the safe-haven yen, on Thursday after strong US manufacturing data pointed to a recovery in the sector, reviving risk appetite across markets. The strong data came as doubts grew whether the Feder
Published 27 Feb, 2016 12:00am
Sri Lankan spot rupee hits record low
Currency

Sri Lankan spot rupee hits record low

The Sri Lankan spot rupee, which resumed trading on Friday after almost a month, hit a record low of 144.65 per dollar, hurt by importer dollar demand a day after the central bank said it had stopped significant intervention in the market. Central Bank Go
Published 27 Feb, 2016 12:00am
Serbia's central bank sells euros to bolster dinar
Exchange

Serbia's central bank sells euros to bolster dinar

The Serbian central bank sold euros on the local market to bolster the dinar, dealers said on Friday, with the intervention coinciding with an IMF assessment that the bank should allow greater daily flexibility in the exchange rate. The bank intervened wi
Published 27 Feb, 2016 12:00am
Asia FX slightly up
Exchange

Asia FX slightly up

Most emerging Asian currencies rose on Friday and were on the course for weekly gains with pressure mounting on policymakers of the world's 20 rich countries to corporate, tackle global market turmoil and economic slowdown. The Singapore dollar advanced w
Published 27 Feb, 2016 12:00am
Sterling hits seven-year low, caps ugly week on Brexit concerns
Currency

Sterling hits seven-year low, caps ugly week on Brexit concerns

Sterling hit a seven-year low against the dollar on Friday, dogged by persistent worries about a possible British exit from the European Union which left the currency on track for its biggest weekly loss since 2009. Sterling fell 0.65 percent to $1.3867,
Published 27 Feb, 2016 12:00am
Aussie, kiwi near eight-week peaks

Aussie, kiwi near eight-week peaks

The New Zealand and Australian dollars held near this year's highest levels on Friday following upbeat data and improving risk sentiment, putting them on track for hefty weekly gains. The New Zealand dollar powered up 0.6 percent and touched an eight-week
Published 27 Feb, 2016 12:00am
Wawrinka into Dubai final as injured Kyrgios withdraws

Wawrinka into Dubai final as injured Kyrgios withdraws

Stan Wawrinka reached his second final of the season as Nick Kyrgios retired injured from their semi-final at the ATP Dubai Championships on Friday. The Australian quit due to back pain while trailing 6-4, 3-0, having had on-court treatment after the seve
Published 27 Feb, 2016 12:00am
Warner hits out at 'vulgar' New Zealand fan abuse

Warner hits out at 'vulgar' New Zealand fan abuse

David Warner has hit out at "derogatory and vulgar" taunts from New Zealand fans during their recent tour while making clear Australia will not be toning down their on-field aggression. Australia sealed a 2-0 series victory over New Zealand to reach the t
Published 27 Feb, 2016 12:00am
Shabbir shines as Zaman Memorial Open Golf opens

Shabbir shines as Zaman Memorial Open Golf opens

The third J. A. Zaman Memorial Open Golf Championship was started at the historic par 72, Lahore Gymkhana Golf Course on Friday. After the completion of first 18 holes in this three days 54 holes competition, Muhammed Shabbir Iqbal produced a round of exc
Published 27 Feb, 2016 12:00am
Army Remounts, Master Paints reach final of polo cup

Army Remounts, Master Paints reach final of polo cup

The Army Remounts and the Dollar East/Master Paints qualified for the Borjan Punjab Polo Cup 2016 main finals while Master Paints/Habib Metro and Barry's will contest in subsidiary final. In the first match, Barry's defeated Al-Khan/Guard Group 7-6 after
Published 27 Feb, 2016 12:00am
Eto'o wins kiss-and-tell book ban appeal

Eto'o wins kiss-and-tell book ban appeal

A French court on Friday upheld a ban against a kiss-and-tell book written by a former mistress of Cameroon star Samuel Eto'o. The Paris High Court originally banned publication of the book, entitled 'Revenge Porn - Football, sex, money: the testimony of
Published 27 Feb, 2016 12:00am
Islamabad, KP White register win in U-20 hockey

Islamabad, KP White register win in U-20 hockey

Islamabad and Khyber Pakhtunkhwa White recorded victories against their respective rivals in the ongoing National Junior Under-20 Boys Hockey Championship being played here at Lala Ayub Hockey Stadium on Friday. Former World Champion Qamar Zaman was the c
Published 27 Feb, 2016 12:00am
Pakistan Veterans' beat England North in Veterans Mini Cup

Pakistan Veterans' beat England North in Veterans Mini Cup

Pakistan veterans' maintained their winning streak in the over fifty Veterans Mini World Cricket Cup beating England North by 52 runs to get their fourth consecutive win on Friday at Colombo Cricket Ground. According to information made available to APP f
Published 27 Feb, 2016 12:00am
United, Liverpool and Tottenham sweep into Europa League last 16

United, Liverpool and Tottenham sweep into Europa League last 16

Manchester United came from behind to beat Midtjylland 5-1 with a brace from debut striker Marcus Rashford while Tottenham beat Fiorentina 3-0 and Liverpool squeezed past Augsburg to make the last 16 of the Europa League on Thursday. United had been trail
Published 27 Feb, 2016 12:00am
Bangladesh post big win over UAE

Bangladesh post big win over UAE

Bowlers made a combined effort as Bangladesh shrugged off a poor batting display to beat the United Arab Emirates (UAE) by 51 runs in the Asia Cup in Dhaka on Friday. Mashrafe Mortaza, Mustafizur Rahman, Mahmudullah Riyad and Shakib Al Hasan each grabbed
Published 27 Feb, 2016 12:00am
Pakistan face India in Asia Cup opener today

Pakistan face India in Asia Cup opener today

Pakistan Twenty20 skipper Shahid Afridi on Friday brushed aside his retirement talks to focus on the Asia Cup and next month's ICC World Twenty20 in India. Pakistan are set for a cracker of a contest in their Asia Cup opener when they face arch-rivals Ind
Published 27 Feb, 2016 12:00am
US, backed by China, proposes tough North Korea sanctions at UN

US, backed by China, proposes tough North Korea sanctions at UN

The United States presented a draft Security Council resolution on Thursday it negotiated with China that would dramatically tighten existing restrictions on North Korea after its January 6 nuclear test and create the toughest UN sanctions regime in over
Published 27 Feb, 2016 12:00am
At least 12 dead in Mogadishu hotel attack

At least 12 dead in Mogadishu hotel attack

At least 12 people were killed Friday in an attack in the heart of the Somali capital Mogadishu that was claimed by Islamist Shebab militants, a police official said. "One of the blasts took place near the Peace Gardens (park) and the other near the SYL h
Published 27 Feb, 2016 12:00am
Austerity-weary Ireland votes in uncertain election

Austerity-weary Ireland votes in uncertain election

Ireland voted on Friday in an election which could make it the latest eurozone country to face political instability as anger over austerity erodes support for traditional parties. A steady turnout was reported as families, pensioners and people coming fr
Published 27 Feb, 2016 12:00am
Balkan nations cap migrant numbers as EU warns of 'disaster'
Exchange

Balkan nations cap migrant numbers as EU warns of 'disaster'

Balkan countries on Friday announced a daily cap on migrant numbers, threatening to worsen a row between Austria and Greece over border restrictions, as the EU warned that failure of an upcoming migration summit with Turkey would spell "disaster". Sloveni
Published 27 Feb, 2016 12:00am
Reputed former IRA chief jailed for tax evasion

Reputed former IRA chief jailed for tax evasion

A man reputed to be the former chief of the Provisional Irish Republican Army paramilitary group was on Friday jailed for 18 months for tax evasion in Ireland. At a hearing at Dublin's Special Criminal Court, Thomas Murphy, nicknamed "Slab", was sentenced
Published 27 Feb, 2016 12:00am
Niger president to face run-off vote: official results

Niger president to face run-off vote: official results

Niger's President Mahamadou Issoufou took a clear lead in the country's February 21 presidential election but will face a run-off against jailed opposition leader Hama Amadou, official results showed Friday. The CENI election commission said the 63-year-o
Published 27 Feb, 2016 12:00am
Palestinian shot dead

Palestinian shot dead

A Palestinian tried to stab Israeli soldiers on Friday at a checkpoint near Ramallah in the occupied West Bank and was shot dead, the army said. The army "thwarted the attack, firing towards the assailant, resulting in his death", it said in a statement.
Published 27 Feb, 2016 12:00am
Palestinian wanted by Israel found dead in Bulgaria

Palestinian wanted by Israel found dead in Bulgaria

A Palestinian activist wanted by Israel over the killing of a Jewish settler 30 years ago was found dead Friday in Bulgaria, local police and the Palestinian Authority said. Omar Nayef Zayed, 51, was discovered in the courtyard of the Palestinian embassy
Published 27 Feb, 2016 12:00am
France's Total fined 750,000 euros over Iraq 'oil for food' graft

France's Total fined 750,000 euros over Iraq 'oil for food' graft

French energy giant Total was ordered on appeal Friday to pay 750,000 euros for siphoning cash from the UN "oil-for-food" programme that aided sanctions-hit Iraq under Saddam Hussein. Total was among more than a dozen individuals and companies that had be
Published 27 Feb, 2016 12:00am
Saudi jets arrive in Turkey to strike IS hours before truce

Saudi jets arrive in Turkey to strike IS hours before truce

Saudi jets on Friday arrived at a Turkish base to join the air campaign against Islamic State jihadists in Syria only hours before a ceasefire is to take force, Turkish and Saudi media reported. Four F-15 jets landed at Incirlik air base in the Adana prov
Published 27 Feb, 2016 12:00am
Three British tourists found dead near Vietnam waterfall

Three British tourists found dead near Vietnam waterfall

Vietnamese police on Friday found the bodies of three British tourists near tiered waterfalls in the country's central highlands, an area popular with adventure travellers. The trio, a man and two women, were found amid rocks and pools of water near the f
Published 27 Feb, 2016 12:00am
Libya deal spoilers could face 'measures': Med ministers

Libya deal spoilers could face 'measures': Med ministers

Mediterranean foreign ministers said Friday that European countries could take unspecified "measures" against parties in Libya who block a UN-backed unity government initiative for the war-torn nation. France, meanwhile, has said it would support economic
Published 27 Feb, 2016 12:00am
EU vote is no 'parlour game', UK finance minister warns
Currency

EU vote is no 'parlour game', UK finance minister warns

Finance minister George Osborne warned Friday that the prospect of Britain leaving the EU was not a "parlour game", adding that slowing global growth meant it was the "very worst time" to gamble on a Brexit. Speaking to the BBC in Shanghai, where he is at
Published 27 Feb, 2016 12:00am
FFC gets excellence award

FFC gets excellence award

Management Association of Pakistan (MAP) awards Fauji Fertilizer Company (FFC) fertilizer sector excellence award for the year 2015 as an acknowledgement to exemplary management standards upheld by FFC in the industry. The award was presented during "31st
Published 27 Feb, 2016 12:00am
PFA seals four food outlets

PFA seals four food outlets

The Punjab Food Authority (PFA) has sealed four food outlets after charging them with flouting the hygiene rules and lacking staff medical certificates. Teams led by Operations Director Ayesha Mumtaz on Friday sealed off the Pearl Foods Factory producing
Published 27 Feb, 2016 12:00am
LHCBA elections today

LHCBA elections today

As many as 12,879 registered members of the Lahore High Court Bar Association are voting today (Saturday) to pick their representatives. Among eligible voters, 8,536 bar members have failed to get registered and 5,223 are ineligible because of their pendi
Published 27 Feb, 2016 12:00am
Sindh law, order: extensive police reforms suggested

Sindh law, order: extensive police reforms suggested

Speakers at a session titled "dialogue with media on rule of law reforms" held here on Friday under the aegis of Pakistan Institute of Legislative Development and Transparency (PILDAT) suggested extensive police reforms to strengthen rule of law in the Si
Published 27 Feb, 2016 12:00am
NA-245: ECP re-fixes date of by-election

NA-245: ECP re-fixes date of by-election

The Election Commission of Pakistan (ECP) on Friday re-fixed date of by-election on National Assembly seat NA-245. The bye election will be held on April 7, instead of April 4, due to the administrative issues, said a notification issued here. However, th
Published 27 Feb, 2016 12:00am
Money confiscated from MQM buildings: London open court starts hearing

Money confiscated from MQM buildings: London open court starts hearing

An open court hearing took place on Friday at West London Magistrates' Court about the seized money during raids on the Muttahida Qaumi Movement (MQM) office and the residence of its chief, Altaf Hussain. Sarfraz Merchant appeared before the court along w
Published 27 Feb, 2016 12:00am
Corporate governance: SECP approves framework for insurers
Exchange

Corporate governance: SECP approves framework for insurers

The Securities and Exchange Commission of Pakistan (SECP) has approved the promulgation of the Code of Corporate Governance for Insurers, 2016, after consulting stakeholders vide SRO 1096(I)/2015 dated November 9, 2015. On February 24, 2016, the SECP appr
Published 27 Feb, 2016 12:00am
PCDMA opposes proposed anti-dumping duty

PCDMA opposes proposed anti-dumping duty

Pakistan Chemical and Dyes Merchant Association (PCDMA) has strongly opposed the proposed anti-dumping duty on hydrogen peroxide, saying it was an important raw material for the export-oriented industries. In a letter sent to National Tariff Commission (N
Published 27 Feb, 2016 12:00am
Funds allocated to develop Karachi fish harbour; Sindh Assembly told

Funds allocated to develop Karachi fish harbour; Sindh Assembly told

The Sindh government has earmarked funds to develop Karachi fisheries harbour and upgrade its key facilities, Sindh Senior Parliamentary Affairs Minister Nisar Khuhro told provincial legislature on Friday. The minister, who also holds education ministry's
Published 27 Feb, 2016 12:00am
FUI signs MoU with SLUC of China
Exchange

FUI signs MoU with SLUC of China

The Foundation University Islamabad (FUI) and Shanghai Lixin University of Commerce (SLUC), China inked a Memorandum of Understanding (MoU) to foster cooperation between the two Institutions of higher learning. The MoU was signed by Guoming ZHOU, Vice Pre
Published 27 Feb, 2016 12:00am
K-Electric installs ABC at Rehmat Chowk Orangi

K-Electric installs ABC at Rehmat Chowk Orangi

The K-Electric has successfully installed the Aerial Bundle Cable (ABC) at Rehmat Chowk in Oragni here. An official of the organisation said Friday that the area was previously infested with illegal wiring and theft and is now a Low-Loss area with Zero Lo
Published 27 Feb, 2016 12:00am
Call for constituting joint working group of Pak-Afghan MPs
Exchange

Call for constituting joint working group of Pak-Afghan MPs

Parliamentarians from Pakistan and Afghanistan on Friday called for constituting a joint working group of parliamentarians of both the countries with a view to remove the mistrust between the people of the two countries and suggest measures for further im
Published 27 Feb, 2016 12:00am
PU signs MoU with Chinese University

PU signs MoU with Chinese University

Professor Fang Hao, Vice President, China University of Geosciences, Wuhan, D. Xiaoqing Xie, School of Public Administration, Dr Changqian Ma, Professor of Petrology and Yuang Jiang, Director International Students Office, China University of Geosciences
Published 27 Feb, 2016 12:00am
UAE's Business Group offers vocational training institute in KPK

UAE's Business Group offers vocational training institute in KPK

Head of UAE's Business Group and Chairman of Al-Zarooni Foundation Suhail Mohd Al-Zarooni, while referring to a recommendation by Acting Governor KPK Asad Qaiser, offered assistance to Pakistan's Khyber Pakhtunkhwa (KPK) province for setting up a vocation
Published 27 Feb, 2016 12:00am
IB Governance seminar on March 4

IB Governance seminar on March 4

Representatives of 30 national private and public schools, members of the Association of IB World Schools in Pakistan (IBPAK), from 5 cities, will attend the bi-annual meeting and an IB Governance seminar being held in Lahore on March 04, 2016.
Published 27 Feb, 2016 12:00am
Prime Minister meets cancer patient

Prime Minister meets cancer patient

Prime Minister Muhammad Nawaz Sharif on Friday met a cancer patient Anwarullah Afridi, to fulfil his most cherished wish to meet him. The prime minister warmly met Anwarullah and inquired about his health and spent some cheerful moments filled with motiva
Published 27 Feb, 2016 12:00am
Bethak School's students shine at flower show

Bethak School's students shine at flower show

Under privileged students studying at Bethak School have grabbed the lime light at a flower show, being organised by the Pakistan Horticulture Society at DHA, Karachi. The students, belonging to poor families managed to secure first position and were awar
Published 27 Feb, 2016 12:00am
Stern action against black economy urged

Stern action against black economy urged

Pakistan Businessmen and Intellectuals Forum's (PBIF) president Mian Zahid Hussain has demanded of the government to discourage the menace of smuggling, under invoicing and money laundering by taking stern action against the black economy. "Reducing size
Published 27 Feb, 2016 12:00am
Bus project may reduce 21 percent carbon emissions: WWF-Pakistan

Bus project may reduce 21 percent carbon emissions: WWF-Pakistan

The WWF-Pakistan on Friday said the proposed Green Line BRT project would help scale down 21 percent carbon emission in the city. In this connection, WWF-Pakistan organised a consultative workshop on findings of a study conducted on Carbon Emissions Reduc
Published 27 Feb, 2016 12:00am
Pappu murder case's accused handed over to Rangers

Pappu murder case's accused handed over to Rangers

Pakistan Rangers, Sindh, on Friday produced former police Inspector Chand Khan Niazi, a key accused in Arshad Pappu murder case, before the administrative judge of Anti-Terrorism Courts, who handed over the accused to the paramilitary force on 90-day prev
Published 27 Feb, 2016 12:00am
CM Sindh wants Green Line Bus project to be extended to Saddar

CM Sindh wants Green Line Bus project to be extended to Saddar

Chief Minister of Sindh Syed Qaim Ali Shah showed disappointment over the short length of Green Line Bus Rapid Transit System. He said that Green Line bus project should touch Saddar. The chief minister welcomed the project and thanked the Prime Minister
Published 27 Feb, 2016 12:00am
FTA with Pakistan likely by year-end: Thailand CG

FTA with Pakistan likely by year-end: Thailand CG

Consul General of Thailand in Karachi, Suwat Kaew Sook has said that Free Trade Agreement (FTA) between Pakistan and Thailand was likely by the end of current year (2016) which would facilitate trade and will help in betterment of existing trade ties betw
Published 27 Feb, 2016 12:00am
205 vehicles fined

205 vehicles fined

Traffic Police Hyderabad fined 205 commercial vehicles during checks for not having valid route permits, fitness certificate and driving licences. The amount of Rs 62300 was recovered as fine from them and the campaign was launched on the directives of RT
Published 27 Feb, 2016 12:00am
REAP demands zero-rated status for rice exports

REAP demands zero-rated status for rice exports

Rice Exporters Association of Pakistan (REAP) requesting zero rated status for Rice has urged Mian Muhammad Nawaz Sharif Prime Minister of Pakistan to declare rice exports as industry. Abdul Rahim Janoo Chief Patron and Noman Ahmed Shaikh acting Chairman
Published 27 Feb, 2016 12:00am
Oil slump: Byco decides to lay off hundreds of employees
Exchange

Oil slump: Byco decides to lay off hundreds of employees

The so-called "oil layoffs" trend, which since June 2014 is said to have claimed 100,000 employments globally, has finally landed in the tightly-regulated Pakistan energy market. Byco Petroleum Pakistan Limited, which posted Rs 1.16 billion operating prof
Published 27 Feb, 2016 12:00am
To post or not to post: Defiant teens' growing dilemma

To post or not to post: Defiant teens' growing dilemma

A pretty 15-year-old girl strikes a pose and pouts at the camera on her phone, so far so Generation Z, but unlike her teenage counterparts in the West, she stops short of posting the photo on social media, restricted in part by Pakistan's social mores.
Published 27 Feb, 2016 12:00am
YBG, Korean firm sign MoU to develop 215 megawatts power

YBG, Korean firm sign MoU to develop 215 megawatts power

Yunus Brothers Group has signed a Memorandum of Understanding (MoU) with a Korean company South Eastern Power Company to develop 215 MWs hydro electricity power project. This is a run of the river project titled Asrit Kedam Hydro Power Project at the Swat
Published 27 Feb, 2016 12:00am
Customs 'seize' heroin worth Rs 190 million at Karachi Airport

Customs 'seize' heroin worth Rs 190 million at Karachi Airport

Pakistan Customs on Friday claimed to have seized unprecedented quantity of heroin worth Rs 190 million at Karachi airport. This was stated by Muhammad Zahid Khokar, Chief Collector along with Tariq Huda, Collector Preventive, at a press conference held a
Published 27 Feb, 2016 12:00am
Pakistan Auto Show 2016 from March 4

Pakistan Auto Show 2016 from March 4

The Pakistan Auto Show 2016 will be held from 4th to 6th March 2016 at the Expo Centre in Lahore. This annual event is organised by the Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM).
Published 27 Feb, 2016 12:00am
Alamgir Khan released on bail

Alamgir Khan released on bail

Social activist Alamgir Khan, who had spearheaded a campaign for cleanliness and sanitation titled 'FixIt', was released on bail on Friday, a day after he was arrested by police officials after he attempted to set up a symbolic garbage bin outside the CM
Published 27 Feb, 2016 12:00am
Provision of Rs 67.6 million interest-free loans to 30 doctors approved

Provision of Rs 67.6 million interest-free loans to 30 doctors approved

The Finance and Technical Committee of the Punjab Health Foundation has approved provision of interest-free loans of up to Rs 67.6 million to 30 doctors for setting up clinics and buying equipment. On Friday, Federation Managing Director Izhar Ahmad Sheik
Published 27 Feb, 2016 12:00am
Australian HC visits USPCAS-W at MUET
Exchange

Australian HC visits USPCAS-W at MUET

Australian High Commissioner to Pakistan Margaret Adamson visited US-Pakistan Centre for Advanced Studies in Water (USPCAS-W) at Mehran University of Engineering and Technology Jamshoro and met with USPCAS-W and MUET officials at vice chancellor secretari
Published 27 Feb, 2016 12:00am
No amendment being made in NAB Act: minister

No amendment being made in NAB Act: minister

The Punjab law minister has made it clear that no amendment is being carried out in the National Accountability Bureau Act. Minister Rana Sanaullah speaking with newsmen on Friday said, "The bureau is authorised to initiate indiscriminate action in the Pu
Published 27 Feb, 2016 12:00am
PMD's special advisory

PMD's special advisory

In a special advisory for the people suffering respiratory disease, the Pakistan Meteorological Department (PMD) has said that harsh winter is over and spring has set in. Day and night temperatures are gradually picking up their normal rhythm giving rise
Published 27 Feb, 2016 12:00am
VTC Scheme: FCCI for extending deadline till April 30

VTC Scheme: FCCI for extending deadline till April 30

Chaudhary Muhammad Nawaz, President Faisalabad Chamber of Commerce and Industry (FCCI), has demanded extension in date for filling returns under Voluntary Tax Compliance Scheme 2016 till April 30, 2016. Talking to newsmen here on Friday, he said that the
Published 27 Feb, 2016 12:00am
PPDWP approves welfare schemes worth Rs 7.165 billion

PPDWP approves welfare schemes worth Rs 7.165 billion

The Punjab Provincial Development Working Party approved seven development schemes of various Development Sector with an estimated cost of Rs 7.165 billion including Establishment of Emergency Service in 62 remaining Tehsils (Phase-III) at the cost of Rs
Published 27 Feb, 2016 12:00am
Tribal jirga vows full support to security forces

Tribal jirga vows full support to security forces

A jirga of Haleemzai tribe of Mohmand Agency on Friday pledged to extend full support to the local administration and the security forces in eliminating militants from the area. Addressing the jirga, Political Agent Mehmood Aslam Wazir said that it was ou
Published 27 Feb, 2016 12:00am
Nisar meets Shahbaz

Nisar meets Shahbaz

Federal Interior Minister Chaudhry Nisar Ali Khan met Punjab Chief Minister Muhammad Shahbaz Sharif here on Friday. Matters regarding steps against terrorism under National Action Plan beside overall situation of the country were discussed in the meeting.
Published 27 Feb, 2016 12:00am
'Effective measures needed for women political participation'

'Effective measures needed for women political participation'

KP Acting Governor Asad Qaiser has said that political participation of women has increased but there is still need of effective measures to ensure their effective participation. He expressed these views while talking to a multi-party delegation, which ca
Published 27 Feb, 2016 12:00am
US musical band performs in Karachi
Exchange

US musical band performs in Karachi

The Ari Roland Jazz Quartet brought smiles to the faces of 250 young children from Karachi's Dar ul Khushnud and Trinity Methodist schools. For many of the youngsters, the concert was their first experience with live American music. The US State Departmen
Published 27 Feb, 2016 12:00am
I&P Directorate launches crackdown on passport agents

I&P Directorate launches crackdown on passport agents

Following the directives of Interior Minister Chaudhry Nisar Ali Khan, the Directorate of Immigration & Passport (I&P) has launched a crackdown against agents and tout mafia roaming outside its offices across the country. An official said that during the
Published 27 Feb, 2016 12:00am
Is FBR timely placing on ATL names of taxpayers/traders?

Is FBR timely placing on ATL names of taxpayers/traders?

A legal question has been raised whether Federal Board of Revenue (FBR) is timely placing names of taxpayers/traders on Active Taxpayer List (ATL) where acknowledgement of the returns filed under Voluntary Tax Compliance Scheme (VTCS) has been received.
Published 27 Feb, 2016 12:00am
Pakistan Post Office deficit increases to Rs 6.5 billion per annum: DG

Pakistan Post Office deficit increases to Rs 6.5 billion per annum: DG

Pakistan Post Office deficit increased to Rs 6.5 billion per annum, Director General Fakir Syed Shaharyaruddin revealed this while briefing a parliamentary panel here on Friday. However, the department has submitted a reform agenda to the Prime Minister f
Published 27 Feb, 2016 12:00am
DN takes notice of encroachments on graveyards

DN takes notice of encroachments on graveyards

District Nazim, Peshawar, Mohammad Asim Khan has taken stern notice of encroachments on graveyards in Beri Bagh localities of the provincial metropolis and directed immediate demolition of the shops illegally established. The District Nazim while expressi
Published 27 Feb, 2016 12:00am
Investment by OMCs: Bakri seeks tax incentives for first three years

Investment by OMCs: Bakri seeks tax incentives for first three years

Managing Director, Bakri Pakistan, Mirza Shakeel Baig has urged the government to extend tax incentives for first three years to encourage foreign investment by new Oil Marketing Companies (OMCs) along with one window facility. Addressing Pakistan Energy
Published 27 Feb, 2016 12:00am
Investment by OMCs: Bakri seeks tax incentives for first three years

Investment by OMCs: Bakri seeks tax incentives for first three years

Managing Director, Bakri Pakistan, Mirza Shakeel Baig has urged the government to extend tax incentives for first three years to encourage foreign investment by new Oil Marketing Companies (OMCs) along with one window facility. Addressing Pakistan Energy
Published 27 Feb, 2016 12:00am
KP WPA decides to hold caucus election next month

KP WPA decides to hold caucus election next month

A meeting of Women Parliamentary Association (WPA) of Khyber Pakhtunkhwa Assembly chaired by Provincial Minister for Labour, Anisa Zeb Takir Kheli Friday concurred to hold its caucus election in next month. The meeting among others was attended by Patron-
Published 27 Feb, 2016 12:00am
Punjab Governor meets President
Exchange

Punjab Governor meets President

Punjab Governor Rafique Rajwana met President Mamnoon Hussain on Friday to exchange views over politics and the Punjab law and order. Sources said the governor informed president about various development initiatives in his province though other important
Published 27 Feb, 2016 12:00am
Pakistan welcomes Syria ceasefire agreement

Pakistan welcomes Syria ceasefire agreement

Reiterating its principled position of neutrality, impartiality and respect of territorial integrity and sovereignty of Syria, Pakistan on Friday welcomed the agreement reached between Russia and United States on cessation of hostilities in the war-torn S
Published 27 Feb, 2016 12:00am
Zong to invest $400 million to expand its 3G, 4G services

Zong to invest $400 million to expand its 3G, 4G services

Zong Friday announced to expand the scope of its 3G and 4G services across the country by ensuring 100 percent 3G and 60 percent 4G coverage by pumping $300-$400 million in the current year. With over $1 billion already invested and more than 250 cities c
Published 27 Feb, 2016 12:00am
Oil ends down on profit-taking but still up strongly on week

Oil ends down on profit-taking but still up strongly on week

Oil prices fell on Friday as investors cashed out big weekly profits after a rally driven by disruptions to crude supplies and Wall Street's gains from US economic data. Prices turned negative soon after the release of weekly US oil rig data by industry f
Published 27 Feb, 2016 12:00am
Soya, corn prices fall
Cotton

Soya, corn prices fall

US corn and soyabean prices fell on Thursday as commodity traders reacted to forecasts of increased corn plantings and grain production, as well as predictions of falling prices in the coming growing season. But wheat futures bounced back during the day's
Published 27 Feb, 2016 12:00am
Travesty of the situation

Travesty of the situation

This is apropos a news item 'US dominates arms trade as Asia, Mid-East boost imports', carried by Business Recorder on February 23. That the title or caption of this news item is profound is a fact that has found its best expression in the current
Published 27 Feb, 2016 12:00am
Pratt & Whitney A320neo engine suffers new test snag

Pratt & Whitney A320neo engine suffers new test snag

Pratt & Whitney has suffered a fresh problem during testing of new aircraft engines for the Airbus A320neo, but flight trials of the latest version of Europe's best-selling airliner are continuing, people familiar with the matter said. The problem occurre
Published 27 Feb, 2016 12:00am
Thar coal - separating fact from fiction

Thar coal - separating fact from fiction

Ever since Thar's vast coal resources were discovered in the early 1990s, concerns have been raised regarding their potential to generate electricity, their economic viability and sustainability, the coal quality and the adverse environmental impact it mi
Published 27 Feb, 2016 12:00am
Testing times for government

Testing times for government

The year 2016 started with some tough rides for the federal government in power. The first one being the unprecedented strike by unions at PIA, which paralysed the aviation sector of the country and unnerved the government to the extent that it opted to s
Published 27 Feb, 2016 12:00am
Undemocratic parties in a democratic system

Undemocratic parties in a democratic system

Although vote bank of the Jamaat-e-Islami is quite small, it happens to be most democratic internally. It holds regular elections, quite often precipitating changes at the top and takes positions on vital national issues after intense deliberations at the
Published 27 Feb, 2016 12:00am
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