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May 14, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-03-23
Cabinet approves law to allow central bank to invest in equity

Cabinet approves law to allow central bank to invest in equity

Thailand's cabinet on Tuesday approved a law change to allow the central bank to invest international reserves in equity instruments overseas to help diversify risks, the central bank governor said. The main purpose of the change was to broaden the invest
Published 23 Mar, 2016 12:00am
Revolutionary Guards look to play bigger role in Iran's economy

Revolutionary Guards look to play bigger role in Iran's economy

A senior member of Iran's Revolutionary Guards urged the government on Tuesday to follow its supreme leader's vision for a self-reliant economy and said the Guards wanted to play a bigger role to make that happen. Ayatollah Ali Khamenei, Iran's most power
Published 23 Mar, 2016 12:00am
China widens ban on ivory imports

China widens ban on ivory imports

China said Tuesday it has widened a ban on ivory imports as it comes under pressure to restrict a trade which sees thousands of African elephants slaughtered every year. Imports of all ivory and ivory products acquired before 1975 will be banned until the
Published 23 Mar, 2016 12:00am
Saudi policy-making body approves economic reforms

Saudi policy-making body approves economic reforms

One of Saudi Arabia's most influential economic policy-making bodies has approved 133 recommendations on improving the competitiveness of the kingdom's economy, which will be announced within the next six months. The comments, by Abdullatif al-Othman, gov
Published 23 Mar, 2016 12:00am
Breaking Citi in two could unlock US $72 billion for shareholders

Breaking Citi in two could unlock US $72 billion for shareholders

Breaking Citigroup in two could unlock US $72bn in market value, according to Keefe, Bruyette & Woods analyst Brian Kleinhanzl. Last week the bank brushed off a shareholder proposal to split itself up, but as calls for a two Citi solution grow, the bank m
Published 23 Mar, 2016 12:00am
Bertelsmann profits up
Exchange

Bertelsmann profits up

German media group Bertelsmann on Tuesday reported a 4.7 percent rise in full-year core profit and reiterated it wanted to raise its stake in Penguin Random House, the book publisher which helped to drive the earnings increase. Bertelsmann controls media
Published 23 Mar, 2016 12:00am
Bertelsmann profits up
Exchange

Bertelsmann profits up

German media group Bertelsmann on Tuesday reported a 4.7 percent rise in full-year core profit and reiterated it wanted to raise its stake in Penguin Random House, the book publisher which helped to drive the earnings increase. Bertelsmann controls media
Published 23 Mar, 2016 12:00am
Hungary central bank pushes rate into negative territory for first time

Hungary central bank pushes rate into negative territory for first time

Hungary's central bank said Tuesday it had lowered one of its interest rates into negative territory for the first time, faced with a drastically weaker inflation outlook. The rate for funds parked by commercial banks with the central bank overnight now s
Published 23 Mar, 2016 12:00am
Brazil markets see 3.6 percent recession in 2016

Brazil markets see 3.6 percent recession in 2016

Brazil's political crisis is increasing pessimism about Latin America's largest economy on the markets, which now expect a recession of 3.6 percent this year, the central bank said Monday. The forecast was based on a weekly survey of 100 analysts and trad
Published 23 Mar, 2016 12:00am
Bang & Olufsen sounded out for takeover by Chinese group

Bang & Olufsen sounded out for takeover by Chinese group

Bang & Olufsen, the Danish maker of upmarket sound systems and televisions, said on Tuesday it was in talks to be taken over by Chinese luxury goods distributor Sparkle Roll. "A condition for making an offer is that we are comfortable it will be possible
Published 23 Mar, 2016 12:00am
Eurozone banks' provisions versus bad loans 'reasonable': ECB's Nouy

Eurozone banks' provisions versus bad loans 'reasonable': ECB's Nouy

Provisions against bad loans at euro zone banks are "reasonable", the European Central Bank's head of supervision said on Tuesday, adding a planned clean-up of lenders' balance sheets would take into account their difficulties. The ECB has made tackling n
Published 23 Mar, 2016 12:00am
Thomas Cook holiday demand falls

Thomas Cook holiday demand falls

British holiday company Thomas Cook said customers were delaying booking holidays, uncertain of making plans as they see previously popular destinations such as Turkey as less safe. Thomas Cook said bookings for the summer period, when it makes all its pr
Published 23 Mar, 2016 12:00am
Middle East markets mixed as Saudi, Egypt bourses make late dip
Currency

Middle East markets mixed as Saudi, Egypt bourses make late dip

Middle East markets were mixed on Tuesday as the later-closing Saudi Arabia and Egypt bourses gave back initial gains following a renewed drop in oil prices. Brent crude, which had risen more than 50 percent from 12-year lows in January, was down 0.8 perc
Published 23 Mar, 2016 12:00am
India's BSE index gains

India's BSE index gains

India's BSE index closed at its highest in 11 weeks on Tuesday, as hopes of aggressive rate cuts by India's central bank offset both profit-taking and global uncertainty after two explosions tore through Brussels airport on Tuesday morning killing 13 peop
Published 23 Mar, 2016 12:00am
Wall Street little changed as recent rally spurs caution
Exchange

Wall Street little changed as recent rally spurs caution

Wall Street closed little changed on Monday as investors searched for fresh catalysts and showed concerns about fully-extended share prices after a five-week rally. The session, which closed slightly higher and opened slightly lower, followed a market-fri
Published 23 Mar, 2016 12:00am
Australian shares flat; New Zealand hits another record

Australian shares flat; New Zealand hits another record

Australian shares finished flat on Tuesday with Wall Street offering no lead and bulls chastened by the repeated failure to break major chart resistance in the past week. The S&P/ASX 200 index finished at 5,166 points at the close of trade. It fell 0.3 pe
Published 23 Mar, 2016 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Monday after two Federal Reserve officials made bullish comments on inflation, less than a week after the US central bank was seen striking a dovish tone at its March policy meeting. Richmond Fed President Jeffrey Lacker said in
Published 23 Mar, 2016 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Monday after two Federal Reserve officials made bullish comments on inflation, less than a week after the US central bank was seen striking a dovish tone at its March policy meeting. Richmond Fed President Jeffrey Lacker said in
Published 23 Mar, 2016 12:00am
Hong Kong shares lower

Hong Kong shares lower

Hong Kong shares finished slightly lower on Tuesday with financial shares leading indexes down, in line with a sell-off in mainland China markets. The Hang Seng index fell 0.1 percent to 20,666.75 points, while the China Enterprises Index lost 0.3 percent
Published 23 Mar, 2016 12:00am
Tokyo shares jump

Tokyo shares jump

Tokyo stocks rose sharply on Tuesday, fuelled by weakness in the yen, but broader Asian markets were subdued as last week's rally waned. A sense of stability has returned to global markets following the Federal Reserve's decision last week to scale back i
Published 23 Mar, 2016 12:00am
China stocks fall

China stocks fall

China stocks closed lower on Tuesday, dragged down by a sell-off of finance industry shares. The CSI300 index of the largest listed companies in Shanghai and Shenzhen fell 0.7 percent, to 3,225.79, while the Shanghai Composite Index lost 0.6 percent, to 2
Published 23 Mar, 2016 12:00am
Travel stocks weigh on European shares after Brussels attacks
Exchange

Travel stocks weigh on European shares after Brussels attacks

European shares fell on Tuesday, with travel and leisure stocks leading the market lower after the deadly attacks in Brussels. At least 30 people were killed in attacks on Brussels airport and a rush-hour metro train in the Belgian capital, triggering sec
Published 23 Mar, 2016 12:00am
FTSE up as investors seek safe haven assets after Brussels attacks

FTSE up as investors seek safe haven assets after Brussels attacks

Britain's top share index inched higher on Tuesday, as investors flocked to safe haven assets after travel and leisure stocks fell following explosions at Brussels airport and a metro station in the city. The FTSE 350 Travel and Leisure sector was 0.7 per
Published 23 Mar, 2016 12:00am
Egypt central bank keeps pound stable
Exchange

Egypt central bank keeps pound stable

Egypt's central bank kept the pound stable at 8.78 per dollar at its regular foreign currency auction on Tuesday, its first since cutting the number of auctions to once a week from three, but the pound weakened on the black market as demand exceeds supply
Published 23 Mar, 2016 12:00am
Dollar rises in Asia

Dollar rises in Asia

The dollar held firm on Tuesday, retaining its rebound from a five-month low as two Federal Reserve officials supported the an interest rate hike in coming months while the Australian dollar gained on comments from that country's central bank chief. The d
Published 23 Mar, 2016 12:00am
Yen and Swiss franc gain in Europe
Currency

Yen and Swiss franc gain in Europe

The yen and the Swiss franc rose while the euro fell on Tuesday after explosions in Brussels spurred flows into safe-haven currencies and assets. European shares were subdued, dragged down by airline and travel stocks, souring overall sentiment towards hi
Published 23 Mar, 2016 12:00am
Early trade in New York: dollar rises as euro weakens
Currency

Early trade in New York: dollar rises as euro weakens

The dollar rose on Tuesday as the euro and sterling weakened following attacks in Brussels that left at least 34 dead, weighing on investor risk sentiment and bolstering the view that Britain was more likely to vote to exit the European Union. Sterling fe
Published 23 Mar, 2016 12:00am
Dollar rises in New York
Exchange

Dollar rises in New York

The dollar edged up on Monday after multiple Federal Reserve officials in separate appearances sounded a hawkish tone, suggesting US interest rate increases were a "live" possibility at the central bank's upcoming meeting in April. The US central bank sur
Published 23 Mar, 2016 12:00am
Yuan barely budges
Exchange

Yuan barely budges

China's yuan was little changed against the dollar in onshore trade on Tuesday despite the central bank's setting of a softer midpoint, but edged lower offshore to converge with levels on the mainland. The People's Bank of China set the midpoint rate at 6
Published 23 Mar, 2016 12:00am
Asia FX resists revived Fed rate jitters
Exchange

Asia FX resists revived Fed rate jitters

Most emerging Asian currencies firmed on Tuesday, shrugging off a bounce in the dollar as investors remained doubtful the US Federal Reserve will raise interest rates soon. Malaysia's ringgit hit its strongest in more than seven months after oil prices ro
Published 23 Mar, 2016 12:00am
Bangladesh's interbank forex and interest rates

Bangladesh's interbank forex and interest rates

Inter-bank buy/sell rates for the taka against the dollar on Tuesday. 78.40-78.40 (previous 78.40-78.40). 02.50-04.50 percent (Previous 02.25-04.50 percent).
Published 23 Mar, 2016 12:00am
Sterling falls against dollar, euro
Currency

Sterling falls against dollar, euro

Sterling sank more than 1 percent against the dollar on Tuesday, hit by worries that deadly attacks in Brussels would boost the campaign to take Britain out of the European Union. Bookmakers' odds on Britain choosing to leave the EU in a June 23 referendu
Published 23 Mar, 2016 12:00am
Aussie, kiwi subdued
Currency

Aussie, kiwi subdued

The Australian and New Zealand dollars were subdued on Tuesday after recent hefty gains left the currencies overstretched, with investors awaiting comments from the head of the Reserve Bank of Australia (RBA). The Australian dollar eased to $0.7572, its t
Published 23 Mar, 2016 12:00am
Cech wins Czech award for eighth time

Cech wins Czech award for eighth time

Czech Republic international goalkeeper Petr Cech was named Czech player of the year for the eighth time on Monday, in a vote by coaches, players and club officials. The 33-year-old Arsenal player - capped 118 times since making his international debut in
Published 23 Mar, 2016 12:00am
Indian Wells chief quits in gender storm

Indian Wells chief quits in gender storm

Indian Wells tournament director Raymond Moore quit under heavy fire on Monday after he said women players owe their success to men, sparking a furious gender row that has divided the sport. Moore stepped down as a backlash led by Serena Williams and Mart
Published 23 Mar, 2016 12:00am
Haripur take overall trophy in Athletic Meet

Haripur take overall trophy in Athletic Meet

Haripur bagged overall trophy of the Athletic Meet as Ali Raza of the same district declared best athlete in the Hazara Region Inter-District Games being played at different venues in Abbottabad on Tuesday. Former International Athlete M. Iqbal, was the c
Published 23 Mar, 2016 12:00am
Equal prize money defended as Miami Open begins

Equal prize money defended as Miami Open begins

Top tennis bosses defended prize money equality for men and women as turmoil continued across the tennis scene ahead of Tuesday's start of the ATP and WTA Miami Open. World number one Serena Williams, a loser in back-to-back finals for the first time sinc
Published 23 Mar, 2016 12:00am
Gold medallist Nasir named coach of Motel Town Football Club

Gold medallist Nasir named coach of Motel Town Football Club

Gold medallist Nasir Hussain has been appointed as coach of the Model Town Football Club. "I need to make a change or advancement in my career or profession as the set-up of the Model Town Football Club is well-equipped with infrastructure, latest facilit
Published 23 Mar, 2016 12:00am
Balijee Bridge Championship moves into final phase

Balijee Bridge Championship moves into final phase

The 14th Balijee Bridge Championship, in progress at the Lahore Gymkhana bridge tables moves into the final phase with the final sessions to be contested on Wednesday (today). On Tuesday, a total of 20 teams occupied the bridge tables and all teams sought
Published 23 Mar, 2016 12:00am
India have 'no room for error' against Bangladesh

India have 'no room for error' against Bangladesh

Veteran fast bowler Ashish Nehra said India can't afford any slip-ups against Bangladesh on Wednesday if they are to avoid a humiliating early exit from the World Twenty20 on home soil. The hosts are precariously placed in fourth spot of Group Two after o
Published 23 Mar, 2016 12:00am
England determined to avoid fresh humiliation

England determined to avoid fresh humiliation

Skipper Eoin Morgan vowed that England would not take lowly Afghanistan lightly in a must-win World Twenty20 tie on Wednesday after exiting their last two major tournaments with egg on their face. England's 2014 World T20 campaign ended in an embarrassing
Published 23 Mar, 2016 12:00am
New Zealand beat Pakistan to storm into semi-finals

New Zealand beat Pakistan to storm into semi-finals

New Zealand stormed into the semi-finals of the World Twenty20 Tuesday after opener Martin Guptill smacked 80 off 48 balls to set up a 22-run win against a wayward Pakistan. The Black Caps posted a strong 180 for five before restricting Pakistan to 158-5
Published 23 Mar, 2016 12:00am
'I believe in the Cuban people': Obama

'I believe in the Cuban people': Obama

US President Barack Obama told Cubans in an unprecedented live television address Tuesday that he had come to the communist island to "bury" decades of Cold War conflict. Speaking from Havana's ornate Gran Teatro on the last day of his historic visit - th
Published 23 Mar, 2016 12:00am
Tunisia extends state of emergency

Tunisia extends state of emergency

Tunisia on Tuesday extended by three months a state of emergency imposed following jihadist attacks and hosted talks with Libya's neighbours on the growing threat posed by the Islamic State group. Authorities also decided to reopen the border with Libya,
Published 23 Mar, 2016 12:00am
Russia court hands Ukraine pilot 22-year sentence

Russia court hands Ukraine pilot 22-year sentence

A Russian court on Tuesday sentenced Ukrainian military pilot Nadiya Savchenko to 22 years in prison over the killing of two journalists, in a ruling set to exacerbate Moscow's feud with Kiev and the West. Judge Leonid Stepanenko found the 34-year-old gui
Published 23 Mar, 2016 12:00am
Brazil police arrest dozens as scandal escalates

Brazil police arrest dozens as scandal escalates

Brazilian police arrested dozens of corruption suspects Tuesday as the scandal around state oil company Petrobras continued to escalate, and with it the threat to President Dilma Rousseff's government. Federal police said they had uncovered a "professiona
Published 23 Mar, 2016 12:00am
UN slams migrant 'detention facilities' in Greece

UN slams migrant 'detention facilities' in Greece

The UN refugee agency on Tuesday harshly criticised an EU-Turkey deal on curbing the influx of migrants to Greece, saying reception centres had become "detention facilities", and suspended some activities in the country. "Under the new provisions, these s
Published 23 Mar, 2016 12:00am
Israel arrests 1,200 unauthorised Palestinian workers

Israel arrests 1,200 unauthorised Palestinian workers

Israeli police said Tuesday that they had arrested 1,200 Palestinian workers without permits, under a crackdown aimed at helping to quell a five-month wave of violence. The unauthorised workers were detained along with 150 employers over the past two week
Published 23 Mar, 2016 12:00am
US commander apologises for Afghan hospital bombing

US commander apologises for Afghan hospital bombing

The new commander of US and Nato forces in Afghanistan apologised Tuesday to the victims of a devastating bombing raid on a Doctors Without Borders (MSF) hospital last October which left 42 people dead. General John Nicholson's apology comes after US offi
Published 23 Mar, 2016 12:00am
Congo's longtime ruler secures huge lead

Congo's longtime ruler secures huge lead

Congo's veteran leader Denis Sassou Nguesso has secured 67 percent of votes in his bid to extend his 32-year-old rule, partial results showed Tuesday, after a tense weekend poll. The results covered 69 percent of the total electorate, the chief of the ele
Published 23 Mar, 2016 12:00am
Blocked from presidency, Suu Kyi to be Myanmar foreign minister

Blocked from presidency, Suu Kyi to be Myanmar foreign minister

Aung San Suu Kyi will be foreign minister in Myanmar's first civilian government for decades, her party said Tuesday, giving the democracy champion a formal post despite being blocked from the presidency. The Nobel laureate has already vowed to rule above
Published 23 Mar, 2016 12:00am
Slovak parties sign pact to give PM Fico third term

Slovak parties sign pact to give PM Fico third term

Slovakia's ruling leftist party Smer and three small centrist and nationalist partners signed a coalition agreement on Tuesday, paving the way for a new government to be sworn in later this week. Prime Minister Robert Fico's Smer won the most votes in a M
Published 23 Mar, 2016 12:00am
Dozens dead or wounded in coalition raids in Yemen

Dozens dead or wounded in coalition raids in Yemen

Saudi-led coalition air strikes hit an al Qaeda training camp in the network's south-eastern Yemen stronghold on Tuesday, killing and wounding dozens, government officials in the region said. "An Arab coalition air force targeted an al Qaeda training camp
Published 23 Mar, 2016 12:00am
UN lifts North Korea sanctions imposed on four ships

UN lifts North Korea sanctions imposed on four ships

The UN Security Council agreed Tuesday to a request from China to lift sanctions imposed on four ships that had been blacklisted over North Korea's weapons program, diplomats said. They were affected when the UN Security Council on March 2 imposed tough s
Published 23 Mar, 2016 12:00am
Parliamentary body urges KPT to cooperate in inquiry

Parliamentary body urges KPT to cooperate in inquiry

A parliamentary body on Tuesday urged the Karachi Port Trust (KPT) authorities to cooperate with it in an inquiry against KPT for not holding an external audit of its accounts for the last five years otherwise they would send the case for investigation to
Published 23 Mar, 2016 12:00am
Modi reiterates desire to build good relations

Modi reiterates desire to build good relations

Indian Prime Minister Narendra Modi has greeted Prime Minister Nawaz Sharif on the eve of Pakistan Day being celebrated on March 23 (today) and also reiterated his country's desire of good neighbourly relations with Pakistan as well as resolving all outst
Published 23 Mar, 2016 12:00am
Pakistan Day parade amid security today

Pakistan Day parade amid security today

A joint military parade of Pakistan's armed forces will take place on Wednesday (today) in the connection with Pakistan Day celebration amidst tight security arrangement in the federal capital. Battalions of the Punjab, Baloch, and Sindh Regiments, Specia
Published 23 Mar, 2016 12:00am
Army Chief spends day with troops, elders in NWA

Army Chief spends day with troops, elders in NWA

General Raheel Sharif, Chief of Army Staff (CoAS) visited North Waziristan Agency (NWA) and spent his day with troops and tribal elders on Tuesday. CoAS was briefed in detail by the formation commander about progress of ongoing operation Zarb-e-Azb, retur
Published 23 Mar, 2016 12:00am
Prime Minister condemns Brussels terror attacks

Prime Minister condemns Brussels terror attacks

Prime Minister Muhammad Nawaz Sharif on Tuesday strongly condemned the incident of terrorism in Belgium's capital Brussels and said the world must put up a joint resistance against terrorism. The Prime Minister said terrorism was a threat not only to a si
Published 23 Mar, 2016 12:00am
Availability of essential drugs: drug body seeks report from experts

Availability of essential drugs: drug body seeks report from experts

Essential Drugs Committee on Tuesday sought report from experts on measures for availability of essential drugs in public sector hospitals and clinics, drugs pricing and quality control mechanism of essential drugs procedures in 45 days. It also sought to
Published 23 Mar, 2016 12:00am
Six bills referred to Special Committee

Six bills referred to Special Committee

As opposition parties and the government reach a consensus through hectic negotiations, Speaker National Assembly Sardar Ayaz Sadiq on Tuesday referred six bills to a special parliamentary committee for further consultations. Shortly after joint sitting o
Published 23 Mar, 2016 12:00am
PS-23 Naushahro Feroze V: polling for by-polls held peacefully: ECP

PS-23 Naushahro Feroze V: polling for by-polls held peacefully: ECP

Polling for by-elections on Sindh Assembly constituency PS-23 (Naushahro Feroze V) was held peacefully, according to Election Commission of Pakistan (ECP) According to ECP, voting began at 8 am and continued till 5 pm amid tight security. Police and Range
Published 23 Mar, 2016 12:00am
Corps Commander calls on Governor Sindh

Corps Commander calls on Governor Sindh

Corps Commander Karachi, Lieutenant General Naveed Mukhtar on Tuesday called on Governor Sindh, Dr Ishrat ul Ebad Khan, at the Governor House here. A statement issued from the Governor House said that the law and order in the province especially in the me
Published 23 Mar, 2016 12:00am
Non-payment of refunds hits economy: PBIF chief

Non-payment of refunds hits economy: PBIF chief

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that continued delay in payment of refund claims is hurting economy and the export sector. He said that deferral in payment of refunds despite repeated promises by
Published 23 Mar, 2016 12:00am
Sindh government launches 'Dengue Se Paak Pakistan' campaign

Sindh government launches 'Dengue Se Paak Pakistan' campaign

Sindh government in collaboration with Plan International Pakistan and Reckitt Benckiser has launched "Dengue Se Paak Pakistan" campaign to further the cause of a dengue-free Pakistan. Dr Shireen Narejo, Special Secretary Health Sindh said this during a p
Published 23 Mar, 2016 12:00am
Gulzar reappointed

Gulzar reappointed

Gulzar Firoz, Chairman, PTA has been once again appointed as Chairman for the Desk of "GSP Plus" for the year 2016 by Abdul Rauf Alam, President, FPCCI. He had the same portfolio last year. He is also the Chairman of Standing Committee on Environment of F
Published 23 Mar, 2016 12:00am
Meeting of academic council of LUMHS held

Meeting of academic council of LUMHS held

The 40th meeting of the Academic Council of Liaquat University of Medical & Health Sciences was convened under the chair of Pro- Chancellor/ Minister Health Dr Jam Mehtab Dahar at LUMHS Jamshoro, on Tuesday. The meeting was called to discuss the day-to-da
Published 23 Mar, 2016 12:00am
Heatwaves: KMC taking preventive measures: Administrator

Heatwaves: KMC taking preventive measures: Administrator

Administrator Karachi Roshan Ali Shaikh has said that the government is making serious efforts towards reducing the effects of heat waves. Speaking as a chief guest at a seminar jointly organised by Farozan and Pakistan Medical Association on the occasion
Published 23 Mar, 2016 12:00am
Speakers for measures to achieve gender parity

Speakers for measures to achieve gender parity

Speakers at the International Women's Day conference called for concrete measures to achieve gender parity through gender balance leadership by developing more inclusive and flexible work culture by routing out workplace biases. International Women's Day
Published 23 Mar, 2016 12:00am
CM to be approached for new recruitments in police: IGP

CM to be approached for new recruitments in police: IGP

Inspector General of Police (IGP) Sindh A. D. Khawaja has said that police department will soon approach Chief Minister Sindh to allow new recruitment in police to overcome manpower shortage. Addressing members of Korangi Association of Trade and Industry
Published 23 Mar, 2016 12:00am
PPF to train trainers on journalism

PPF to train trainers on journalism

Pakistan Press Foundation (PPF) in collaboration with DANIDA and International Media Support (IMS) is conducting trainings of trainers on journalism skills and journalism thematic reporting in Karachi. International trainer from Sri Lanka Ranga Kalansoori
Published 23 Mar, 2016 12:00am
Engro observes global Earth Hour

Engro observes global Earth Hour

To commemorate the global Earth Hour campaign, Engro participated in the Earth Hour celebration to raise awareness and reiterate their commitment towards an eco-efficient world. Through the Earth Hour and related events, Engro aims to play its role in cre
Published 23 Mar, 2016 12:00am
DG Rangers takes notice of threats to Waseem Akhtar

DG Rangers takes notice of threats to Waseem Akhtar

Director General (DG) Pakistan Rangers (Sindh) Major-General Bilal Akbar Tuesday took notice of life threats to Waseem Akhtar, the MQM's contestant for Mayor of Karachi. In a statement issued here, the DG Rangers asked Mr Akhtar to apprise him of the deta
Published 23 Mar, 2016 12:00am
Section 144 imposed

Section 144 imposed

Divisional Commissioner Hyderabad Qazi Shahid Pervaiz has imposed the section of 144 during the annual exams of 9th and 10th and 11th and 12th for preventing the copy culture. According the a handout received here on Tuesday, the divisional commissioner H
Published 23 Mar, 2016 12:00am
Knowledge, research main steps towards peace, development: KP Governor

Knowledge, research main steps towards peace, development: KP Governor

Governor Khyber Pakhtunkhwa Eng. Iqbal Zafar Jhagra has said knowledge and research was the main step for the peace and development of any nation. He said education is prerequisite for achieving prosperity and development. He further said youth of the cou
Published 23 Mar, 2016 12:00am
Rangers get 90-day custody of MQM's Saeed Bharam

Rangers get 90-day custody of MQM's Saeed Bharam

An Anti-Terrorism Court (ATC) allowed Pakistan Rangers (Sindh) on Tuesday to detain Ahmed Saeed alias Bharam, an activist of Muttahida Qaumi Movement (MQM), for 90 days for questioning. The Rangers along with its counsel produced Bharam before the adminis
Published 23 Mar, 2016 12:00am
SAU celebrates World Water Day

SAU celebrates World Water Day

Sindh Agriculture University Tandojam has celebrated World Water Day under the theme "Better water, Better jobs" with a large number of peasant women, farmers, fishermen, economists, researchers, academia and representatives of International Labour Organi
Published 23 Mar, 2016 12:00am
Sodium Bicarbonate New customs values on import issued

Sodium Bicarbonate New customs values on import issued

Directorate General of Customs Valuation Karachi has issued new customs values on the import of Sodium Bicarbonate (Food Grade) and Sodium Bicarbonate (Pharma Grade) from Turkey, China, Korea and UK/EU.
Published 23 Mar, 2016 12:00am
NAB decides to investigate two corruption cases

NAB decides to investigate two corruption cases

The Executive Board Meeting (EBM) of National Accountability Bureau (NAB) was held under the chairmanship of Qamar Zaman Chaudhry, Chairman NAB at NAB Headquarter. The following decisions were made during the Executive Board Meeting (EBM). The Executive B
Published 23 Mar, 2016 12:00am
Pakistan to construct customs complex at Torkham border

Pakistan to construct customs complex at Torkham border

The government of Pakistan is constructing a big and state-of-the-art Border Custom Complex at Torkham border to enhance trade with Afghanistan and Central Asian Republics (CARs) by speeding the clearance of goods. "The state-of-the-art border complex is
Published 23 Mar, 2016 12:00am
Suspected terrorist arrested

Suspected terrorist arrested

The Counter-Terrorism Department (CTD) on Tuesday arrested a suspected terrorist during a raid in Tangi Tehsil of district Charsadda. According to CTD sources, arms and ammunition were also recovered during the raid.
Published 23 Mar, 2016 12:00am
World Water Day: Coca-Cola's water interventions changing lives

World Water Day: Coca-Cola's water interventions changing lives

Coca-Cola Pakistan has brought a positive change in the lives of thousands of people by providing access to clean drinking water and better sanitation services through various projects in the country, stated a press release issued by the company on World
Published 23 Mar, 2016 12:00am
PHC stays execution awarded by military court

PHC stays execution awarded by military court

Peshawar High Court (PHC) on Tuesday suspended the execution of a militant awarded death sentence by a military court for involvement in terrorism. A two member bench of the PHC, comprising Justice Mahzar Alam Main Khel and Justice Younis Thaheem, heard t
Published 23 Mar, 2016 12:00am
Commemorative postage stamp

Commemorative postage stamp

An eight-rupee commemorative postage stamp about water conservation is being released to mark the World Water Day (WWD), which is celebrated on March 22 every year world-wide, following an initiative by the Pakistan Water and Power Development Authority.
Published 23 Mar, 2016 12:00am
KP chief minister's message

KP chief minister's message

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has said that Muslims of the Sub-Continent demanded a separate homeland only to experience there a system based on justice, fraternity and equality according to the teaching of Islam. This, he said in a mes
Published 23 Mar, 2016 12:00am
ZTBL takes agriculture credit to farmers' doorsteps

ZTBL takes agriculture credit to farmers' doorsteps

The Zarai Taraqiati Bank Limited President Syed Talat Mahmood has said the present management was making constant efforts to take the agri-credit facility at the door steps of farmers. In this regard, he said, the ZTBL has marked a milestone in history of
Published 23 Mar, 2016 12:00am
Governor summons Punjab Assembly

Governor summons Punjab Assembly

The Governor of Punjab has summoned the session of Punjab Assembly on Wednesday 30the March 2016 at 2:00 PM. Punjab Assembly Secretariat has issued notification in this regard. Speaker Rana Muhammad Iqbal will chair the 20th session of the provincial asse
Published 23 Mar, 2016 12:00am
Pakistan Day: Shahbaz felicitates nation

Pakistan Day: Shahbaz felicitates nation

Punjab Chief Minister, Muhammad Shahbaz Sharif has felicitated the entire nation on Pakistan Day and said that the resolution adopted in the historic meeting of Minto Park was practical shape of Allama Iqbal's dream of creation of a separate country for M
Published 23 Mar, 2016 12:00am
Vendors reject auto policy

Vendors reject auto policy

Condemning the Auto policy-2016 Auto vending industry has totally rejected the long-awaited auto policy describing it one-sided and new-entrants oriented policy and vendors have expressed their concerns on certain contents of the auto policy announced aft
Published 23 Mar, 2016 12:00am
OICCI concerned over falling FDI
Exchange

OICCI concerned over falling FDI

Overseas Investors Chamber of Commerce and Industry, (OICCI) has expressed its concern over the diminishing foreign direct investment despite the improved business environment and better law and order situation in Pakistan. Though, the security situation
Published 23 Mar, 2016 12:00am
IESCO arrests power thieves

IESCO arrests power thieves

Islamabad Electric Supply Company (IESCO) apprehended four culprits for electricity theft upon the special directives of Chief Executive Officer Dr Rana Abdul Jabbar Khan in different areas of IESCO Region. According to details, four culprits were caught
Published 23 Mar, 2016 12:00am
Tribal women demand abolishment of FCR

Tribal women demand abolishment of FCR

Tribal women from various agencies of Fata, have demanded the abolishment of Frontier Crimes Regulation (FCR), to ensure all constitutional rights to them in tribal region and called for merging of Fata into the Khyber Pakhtunkhwa. Speaking at a news conf
Published 23 Mar, 2016 12:00am
APTMA for addressing issues of textile industry
Cotton

APTMA for addressing issues of textile industry

The All Pakistan Textile Mills Association Chairman Tariq Saud has said the Strategic Trade Policy Framework 2015-18 have no mentioning of the textile industry, which constitutes 57 percent of the country's exports. "How the government can achieve a targe
Published 23 Mar, 2016 12:00am
Registration procedure: FBR amends ST Rules 2006

Registration procedure: FBR amends ST Rules 2006

The Federal Board of Revenue (FBR) has made it mandatory for the Inland Revenue officers (Assistant Commissioners) to complete physical verification of declared premises within three working days in case of manufacturer and within seven days in case of no
Published 23 Mar, 2016 12:00am
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