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May 01, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2016-04-12
Indian stocks gain

Indian stocks gain

Indian shares gained in line with global markets on Monday, though caution crept in, as market awaits March-quarter earnings for companies, beginning with Infosys on Friday. The broader NSE index closed 1.54 percent higher at 7,671.40, while the benchmark
Published 12 Apr, 2016 12:00am
Tokyo stocks slip as exporters hit by strong yen
Currency

Tokyo stocks slip as exporters hit by strong yen

Japanese stocks fell on Monday, with exporters hit by a strong yen despite attempts by officials to talk the currency down. Concerns about the global economy and the likelihood that US interest rates will not rise until at least June have sent investors r
Published 12 Apr, 2016 12:00am
Hong Kong shares edge up

Hong Kong shares edge up

Hong Kong stocks edged up on Monday, aided by a bullish mainland market after China's March inflation came in lower than forecast and fanned optimism Beijing will keep monetary policy loose. The Hang Seng index rose 0.4 percent, to 20,440.81, while the Ch
Published 12 Apr, 2016 12:00am
South East Asian stocks mixed

South East Asian stocks mixed

Southeast Asian stocks traded mixed on Monday as global uncertainties lingered, with Indonesia posting its biggest single day loss in seven weeks ahead of the release of economic data later in the week and on concerns over company earnings. Malaysia's sto
Published 12 Apr, 2016 12:00am
China stocks surge

China stocks surge

China stocks ended more than 1 percent higher on Monday, led by resource shares, as lower-than-forecast inflation data fanned optimism Beijing will continue with loose monetary policies. The bluechip CSI300 index rose 1.4 percent, to 3,230.10, while the S
Published 12 Apr, 2016 12:00am
European shares led higher by Italy banks, miners

European shares led higher by Italy banks, miners

European shares rose on Monday, reversing earlier losses thanks in part to gains in Italian banks and mining stocks. The pan-European FTSEurofirst 300 index was up 0.3 percent at 1,308.14 points by the close, after advancing 1.2 percent in the previous se
Published 12 Apr, 2016 12:00am
Sri Lankan shares steady

Sri Lankan shares steady

Sri Lankan shares ended steady on Monday, with big gains in Lanka Orix Leasing Company Plc erasing early losses as concerns over macroeconomic stability continued to weigh on sentiment, dealers said. The benchmark stock index ended unchanged at 6,275.62,
Published 12 Apr, 2016 12:00am
Australian, New Zealand shares lower

Australian, New Zealand shares lower

Australian and New Zealand shares were held back on Monday, with gains in natural resources stocks undermined by shares of financial firms that have been dogged by an increase in poorly performing loans and a scandal over interest rate fixing. The S&P/ASX
Published 12 Apr, 2016 12:00am
FTSE falls, underperforms rival European markets

FTSE falls, underperforms rival European markets

Britain's top shares index fell on Monday to underperform gains elsewhere in Europe, as a drop in housebuilding stocks took the shine off a rise in banking and mining stocks. The bluechip FTSE 100 index closed 0.1 percent lower at 6,200.12 points, which c
Published 12 Apr, 2016 12:00am
Russian rouble lower
Currency

Russian rouble lower

The Russian rouble edged lower on Monday as falling oil prices reflected lingering doubts over the prospects for an output freeze deal between leading world oil producers. At 0725 GMT, the rouble was 0.2 percent weaker against the dollar at 67.27 and had
Published 12 Apr, 2016 12:00am
Yuan firms on stronger midpoint, shaky dollar
Exchange

Yuan firms on stronger midpoint, shaky dollar

The yuan inched up against the dollar on Monday, supported by a stronger central bank midpoint and as the greenback struggled to bounce from last week's lows. The dollar index, which tracks the US unit against a basket of six major currencies, was off 0.2
Published 12 Apr, 2016 12:00am
Yen touches fresh 17-month highs in Asia
Exchange

Yen touches fresh 17-month highs in Asia

Demand for the yen showed little signs of abating on Monday, with the currency reaching a fresh 17-month high, prompting the Japanese government to warn that it could take steps to weaken the exchange rate. Chief Cabinet Secretary Yoshihide Suga told a ne
Published 12 Apr, 2016 12:00am
Early trade in New York: Dollar recoups some losses versus yen
Exchange

Early trade in New York: Dollar recoups some losses versus yen

The dollar pared losses after hitting 17-month lows against the yen on Monday, as Japan again warned that it could intervene in the market to weaken the Japanese currency. Gains in global stock markets and a rebound in oil prices have also diminished the
Published 12 Apr, 2016 12:00am
Tokyo warns again on yen strength
Currency

Tokyo warns again on yen strength

Some cautious gains for European stock markets hauled the yen down off a 17-month high against the dollar on Monday after Japanese officials warned again that they could intervene against the currency's "one-sided" rally. Chief Cabinet Secretary Yoshihide
Published 12 Apr, 2016 12:00am
Nigeria to devalue naira
Exchange

Nigeria to devalue naira

Nigeria's government will probably give in to calls to devalue its naira currency by September, a Reuters poll taken over the past week indicated, as a shortage of dollars reveals deeper problems in its sluggish economy. The currency has been trapped betw
Published 12 Apr, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Monday. 78.40-78.40 (previous 78.40-78.40).
Published 12 Apr, 2016 12:00am
Emerging Asian currencies as dollar falls broadly
Currency

Emerging Asian currencies as dollar falls broadly

Emerging Asian currencies rose on Monday as the dollar broadly fell, staying around a 17-month low against the yen, while China's economic data indicated a sign of easing deflationary pressures. South Korea's won hit its strongest level in more than a wee
Published 12 Apr, 2016 12:00am
Aussie, kiwi edge up

Aussie, kiwi edge up

The Australian and New Zealand dollars edged up on Monday, helped by a rally in commodities, but gains were muted by a rising yen. The Australian dollar rose to $0.7566, having slipped 1.6 percent last week in the second-largest weekly loss this year. It
Published 12 Apr, 2016 12:00am
Sterling rebounds as markets regain a little risk appetite
Currency

Sterling rebounds as markets regain a little risk appetite

Sterling recorded its best daily performance against the euro in a month on Monday, climbing almost 1 percent as stronger risk appetite across markets gave the currency a break from a brutal sell-off driven largely by jitters about a possible Brexit.
Published 12 Apr, 2016 12:00am
Sri Lanka five-day rupee forwards end weaker
Currency

Sri Lanka five-day rupee forwards end weaker

Sri Lankan five-day rupee forwards edged down on Monday due to late importer dollar demand ahead of holidays for the Sinhala-Tamil new year later this week, dealers said. The forwards, which are called spot next and act as a proxy for the spot currency, e
Published 12 Apr, 2016 12:00am
Pietersen mulls playing for South Africa

Pietersen mulls playing for South Africa

Former England batsman Kevin Pietersen has said he is considering playing international cricket for his native South Africa after he was sacked from the England side two years ago. The flamboyant batsman, who was born in Pietermaritzburg but left for Engl
Published 12 Apr, 2016 12:00am
Leak reveals Neymar's 45.9 million Barca deal

Leak reveals Neymar's 45.9 million Barca deal

Barcelona star Neymar will make a minimum 45.9 million euros ($52.3 million) from his five-year contract with the European champions, football whistleblowing site Football Leaks revealed on Monday. The Brazilian's bonus incentivised deal also commits the
Published 12 Apr, 2016 12:00am
Messi remains world's top paid footballer

Messi remains world's top paid footballer

Argentina and Barcelona star Lionel Messi remains the world's highest paid footballer with an annual income of 74 million euros ($84.3 million, £59.3 million), according to a report set to appear in Tuesday's edition of France Football magazine. Messi's e
Published 12 Apr, 2016 12:00am
Italy rejoices as Ranieri proves critics wrong

Italy rejoices as Ranieri proves critics wrong

Once rejected by Juventus and Inter Milan, Leicester manager Claudio Ranieri has been given the royal seal of approval by Italy's coaching hierarchy as the Foxes continue their unlikely run to the Premier League title. Another fairytale weekend of footbal
Published 12 Apr, 2016 12:00am
Murree Brewery Polo concludes

Murree Brewery Polo concludes

The finals of the historic and one of the most prestigious polo trophies, MP Bhandara Memorial were held on Sunday and a great number of polo enthusiast and notable members of society such as the chief guests for the event Portuguese ambassador Costa and
Published 12 Apr, 2016 12:00am
Spin bowling camp under way

Spin bowling camp under way

Spin bowling consultant of the national cricket team, a specialised camp of promising spin bowlers, is underway at the National Cricket Academy. Mushtaq Ahmed is supervising the camp which will continue till April 14. Spin bowlers are receiving technical,
Published 12 Apr, 2016 12:00am
PCB honours deaf cricket team

PCB honours deaf cricket team

Pakistan Cricket Board (PCB) Chairman Shaharyar Khan honoured Pakistan Deaf cricket team which won the four-nation inaugural DICC Championship 2016 held from March 7 to 15, 2016 in the UAE. Pakistani team won three out of their four matches in the tournam
Published 12 Apr, 2016 12:00am
Pakistan Cup 2016 from April 19

Pakistan Cup 2016 from April 19

Fresh from successfully organising the HBL Pakistan Super League, Pakistan Cricket Board (PCB) has announced plans for the Pakistan Cup 2016 from April 19 to May 1, 2016 in Faisalabad. Pakistan's 75 top cricketers will take part in the Pakistan Cup 2016,
Published 12 Apr, 2016 12:00am
Flag day for English golfers at Masters

Flag day for English golfers at Masters

English golfers enjoyed their finest-ever day at the Masters on Sunday with Danny Willett winning and five Englishmen finishing in the top 10. Willett, who overturned a five-shot deficit on defending champion Jordan Spieth on the back nine to win his firs
Published 12 Apr, 2016 12:00am
Equatorial Guinea women expelled from 2020 Olympics

Equatorial Guinea women expelled from 2020 Olympics

Equatorial Guinea have been expelled from the qualifying competition for the women's football tournament at the 2020 Olympics in Tokyo, FIFA announced on Monday. The Disciplinary Committee of world football's governing body threw out the African nation "f
Published 12 Apr, 2016 12:00am
France announces aid to youths

France announces aid to youths

The French government announced about half a billion euros in aid for students on Monday in an attempt to defuse anger from protesters who said they would gather again on a central Paris square for the 12th night in a row. The "Nuit Debout"(Up All Night)
Published 12 Apr, 2016 12:00am
Sweden military servers hacked, used in 2013 attack on US banks

Sweden military servers hacked, used in 2013 attack on US banks

Swedish military computers were hacked and used in an attack targeting major US banks in 2013, the armed forces said on Monday. The attack knocked out the web pages of as many as 20 major US banks and financial institutions, sometimes for several days.
Published 12 Apr, 2016 12:00am
Microsoft offers first major endorsement of new EU-US data pact

Microsoft offers first major endorsement of new EU-US data pact

Microsoft became on Monday the first major US tech company to say it would transfer users' information to the United States using a new transatlantic commercial data pact and would resolve any disputes with European privacy watchdogs. Data transfers to th
Published 12 Apr, 2016 12:00am
Iran says Russia delivers first part of S-300 defence system

Iran says Russia delivers first part of S-300 defence system

Russia has delivered the first part of an advanced missile defence system to Iran, Iranian media reported on Monday, starting to equip Tehran with technology that was blocked before it signed a deal with world powers on its nuclear programme. The S-300 su
Published 12 Apr, 2016 12:00am
UK finance minister publishes tax details

UK finance minister publishes tax details

Britain's finance minister and the head of the main opposition Labour party on Monday released details of their most recent tax returns after days of controversy following the publication of the so-called Panama Papers. Finance minister George Osborne had
Published 12 Apr, 2016 12:00am
Cameron faces down critics over offshore dealings

Cameron faces down critics over offshore dealings

Prime Minister David Cameron defended his tax affairs and announced a deal to open up Britain's overseas tax havens on Monday as he confronted critics of his offshore dealings for the first time in parliament. Cameron this weekend became the first British
Published 12 Apr, 2016 12:00am
Netanyahu admits Israel hit Hezbollah-bound arms in Syria

Netanyahu admits Israel hit Hezbollah-bound arms in Syria

Prime Minister Benjamin Netanyahu openly admitted Monday for the first time that Israel had attacked dozens of convoys transporting weapons in Syria destined for the Jewish state's arch-enemy Hezbollah. It was the first clear public acknowledgement by the
Published 12 Apr, 2016 12:00am
Divisive Fujimori faces runoff battle to lead Peru

Divisive Fujimori faces runoff battle to lead Peru

Keiko Fujimori has vowed to unite Peru after her first-round presidential election victory, but she faces a fierce runoff battle to overcome the divisive legacy of her jailed father. The 40-year-old conservative candidate claimed a boost from Sunday's vot
Published 12 Apr, 2016 12:00am
US Navy officer charged with handing secrets to China, Taiwan

US Navy officer charged with handing secrets to China, Taiwan

A decorated US Navy officer faces espionage and other charges after allegedly passing defence secrets to China and Taiwan - and possibly other nations, a US official said Monday. Speaking on condition of anonymity, the official told AFP the sailor is Lieu
Published 12 Apr, 2016 12:00am
Yemen ceasefire takes hold, raising hopes for talks

Yemen ceasefire takes hold, raising hopes for talks

A UN-brokered ceasefire was taking hold in Yemen on Monday despite sporadic clashes, raising hopes that peace talks due next week may finally resolve the country's devastating conflict. Forces loyal to President Abedrabbo Mansour Hadi, the Shiite Huthi re
Published 12 Apr, 2016 12:00am
Trump rips 'rigged' US election system after Colorado loss

Trump rips 'rigged' US election system after Colorado loss

Fresh from being soundly defeated in Colorado, Republican presidential frontrunner Donald Trump took a swipe at the US election process Monday, saying "the system is rigged" and undemocratic. Trump's main rival, ultra-conservative Senator Ted Cruz, swept
Published 12 Apr, 2016 12:00am
A new Companies Law: Dar must hasten slowly!

A new Companies Law: Dar must hasten slowly!

Finance Minister Ishaq Dar gave a detailed presentation of his Government's achievements and plans at an SECP seminar on 26 March at Islamabad. The occasion was presentation of the Draft Companies Law-2016. It was an impressive show in which professional
Published 12 Apr, 2016 12:00am
Nestle Pakistan Limited (NESTLE)

Nestle Pakistan Limited (NESTLE)

Nestle Pakistan Limited (NESTLE), over the years, has become one of the biggest FMCG company in Pakistan. The Company is serving Pakistani consumers since 1988, when its parent company, the Switzerland-based Nestlé SA, first acquired a share in Milkpak Lt
Published 12 Apr, 2016 12:00am
Nestle Pakistan Limited (NESTLE)

Nestle Pakistan Limited (NESTLE)

Nestle Pakistan Limited (NESTLE), over the years, has become one of the biggest FMCG company in Pakistan. The Company is serving Pakistani consumers since 1988, when its parent company, the Switzerland-based Nestlé SA, first acquired a share in Milkpak Lt
Published 12 Apr, 2016 12:00am
Senior leaders of MQM's student wing join PSP

Senior leaders of MQM's student wing join PSP

Senior leaders of All Pakistan Muttahida Students' Organisation (APMSO), the student wing of MQM, Muhammad Raza and Waheeduz Zaman along with several workers joined Mustafa Kamal-led Pak Sarzameen Party (PSP). "We welcome APMSO's senior leader Muhammad Ra
Published 12 Apr, 2016 12:00am
Receipts/tax collection: SBP appoints BoP as agent

Receipts/tax collection: SBP appoints BoP as agent

The State Bank of Pakistan (SBP) has appointed Bank of Punjab (BoP) as its agent for collecting provincial receipts and taxes of Government of Punjab (GoP) in a signing ceremony held Monday at SBP Karachi. The appointment is part of SBP's strategy to faci
Published 12 Apr, 2016 12:00am
Cinepax to launch Pakistan Film Fund venture

Cinepax to launch Pakistan Film Fund venture

Cinepax Cinema, Pakistan's largest entertainment company, is all set to launch their new venture, Pakistan Film Fund. Pakistan Film Fund will be Pakistan's first professionally managed fund to invest in and promote the Pakistani film industry. With commit
Published 12 Apr, 2016 12:00am
Portion of Pacca Qilla wall collapses

Portion of Pacca Qilla wall collapses

Around five to six auto rickshaws parked in a workshop were buried in the debris when a portion of outer wall of Pacca Qilla caved in near Goods Naka side here on Monday noon. The auto rickshaws were parked inside the workshop when a 20 to 25 feet portion
Published 12 Apr, 2016 12:00am
'HMC providing relief to business community'

'HMC providing relief to business community'

Administrator Hyderabad Municipal Corporation Barkatullah Memon has informed that the HMC management has been engaged in providing maximum relief to business community of Hyderabad with objective to gear up the economic activities in historic city of Sind
Published 12 Apr, 2016 12:00am
Qaim praises Zardari for 'expelling' Musharraf

Qaim praises Zardari for 'expelling' Musharraf

Sindh Chief Minister Syed Qaim Ali Shah on Monday paid tribute to his party's founder and former premier Z A Bhutto for being the architect of the 1973 Constitution. However, the opposition in the Sindh Assembly alleged the ruling PPP of "corruption" and
Published 12 Apr, 2016 12:00am
APMSPIDA, MAAC China sign MoU
Exchange

APMSPIDA, MAAC China sign MoU

All Pakistan Motorcycle Spare Parts Importers and Dealers Association (APMSPIDA) and Motorcycle Accessories Association of Chongqing (MAAC) have signed Memorandum of Understanding (MOU) for cooperation and collaboration. A 16-member Chinese delegation is
Published 12 Apr, 2016 12:00am
AKUH introduces advanced brain surgery technology

AKUH introduces advanced brain surgery technology

The Aga Khan University Hospital has introduced new extraordinarily-advanced brain surgery technology to Pakistan - and the only hospital outside North America with this equipment. The technology - with its highly detailed 3D imaging and robotic positioni
Published 12 Apr, 2016 12:00am
Rs 12 million amphetamine seized from two passengers at airport

Rs 12 million amphetamine seized from two passengers at airport

Model Collectorate of Customs (MCC), Preventive on Monday claimed to have seized 1,200 grams of amphetamine crystal from two passengers at the departure hall of Jinnah International Airport (JIAP). Speaking at a press conference held at Air Freight Unit (
Published 12 Apr, 2016 12:00am
Business community gives mixed reaction to MPS

Business community gives mixed reaction to MPS

The business community has welcomed the monetary policy announced by the State Bank of Pakistan (SBP) on Saturday. The business leaders including Maqsood Ismail, President Lasbela Chamber of Commerce and Industry (LCCI) and Chairman, Pakistan Tanners Asso
Published 12 Apr, 2016 12:00am
Research journal published

Research journal published

The annual research journal of the Institute of Sindhology University of Sindh Jamshoro titled "Sindhi Adab" has been published for researchers. The In-charge Director Institute of Sindhology Saeed Ahmed Mangi informed here on Monday that 16 research pape
Published 12 Apr, 2016 12:00am
Uzair Baloch: joint interrogation not carried out

Uzair Baloch: joint interrogation not carried out

Joint interrogation has not been carried out with the leader of Lyari Gang War Uzair Baloch who is under the custody of Rangers from January 29 2016. The joint interrogation team was formed under the supervision of Senior Superintendent of Police (SSP) Ci
Published 12 Apr, 2016 12:00am
Partly Facetious: Nawaz elected PM of Pakistan

Partly Facetious: Nawaz elected PM of Pakistan

"So what did you think of Imran Khan's address to the nation carried by the privately owned channels, not the channel that is run from our tax money?"
Published 12 Apr, 2016 12:00am
Visits to Europe: SC urged to summon Ayyan

Visits to Europe: SC urged to summon Ayyan

The Supreme Court was urged on Monday to summon supermodel Ayyan Ali in person to submit an affidavit about her visits to London and Monte Carlo in 2010. Without naming Arsalan Iftikhar, the son of former Chief Justice of Pakistan who reportedly accompani
Published 12 Apr, 2016 12:00am
IESCO apprehends six power thieves

IESCO apprehends six power thieves

Islamabad Electric Supply Company (IESCO) apprehended six electricity thieves upon the special directives of Chief Executive Officer Dr Rana Abdul Jabbar Khan in different areas of IESCO Region. According to the details, six culprits were caught red hande
Published 12 Apr, 2016 12:00am
'Mishandled' grenade explodes; two injured

'Mishandled' grenade explodes; two injured

The detonator of a hand grenade exploded during a demonstration requested by a judge in an anti-terror court on Monday, injuring two people and throwing the judge off his chair. The dramatic incident, which wounded a policeman and a court assistant, occur
Published 12 Apr, 2016 12:00am
Real estate sector: government working on plan to regulate FDI
Exchange

Real estate sector: government working on plan to regulate FDI

The government is working on a plan to regulate Foreign Direct Investment (FDI) in real estate sector of Pakistan. The Securities and Exchange Commission of Pakistan (SECP) is framing a single legal framework for real estate sector and the State Bank of P
Published 12 Apr, 2016 12:00am
JF-17 Thunder inducted into No 2 Multirole Squadron

JF-17 Thunder inducted into No 2 Multirole Squadron

The JF-17 Thunder has been formally inducted in the prestigious No 2 Multirole Squadron of Pakistan Air Force. To mark this historic event, an induction ceremony was held at PAF Base, Masroor. A PAF statement on Monday said that Khawaja Muhammad Asif, Min
Published 12 Apr, 2016 12:00am
Islamic Banking & Takaful: Mehmood reappointed Chairman FPCCI body

Islamic Banking & Takaful: Mehmood reappointed Chairman FPCCI body

President FPCCI Abdul Rauf Alam has reappointed Mehmood Arshad as Chairman FPCCI Standing Committee on "Islamic Banking & Takaful" for 2016, in recognition of his services as chairman of the same committee during preceding year. His nomination is reflecti
Published 12 Apr, 2016 12:00am
Vegetables: Sri Lanka to facilitate imports from Pakistan

Vegetables: Sri Lanka to facilitate imports from Pakistan

Sri Lanka will facilitate the import of vegetables including potato and onion from Pakistan. The issue of exempting imported consignments of vegetables from regularity duties will be taken up in the next cabinet meeting as the duties are imposed to save l
Published 12 Apr, 2016 12:00am
NBP, Citibank Pakistan enter into a customer facilitation agreement

NBP, Citibank Pakistan enter into a customer facilitation agreement

Citibank N.A., Pakistan (Citi) has entered into a Tax Payment Facilitation Agreement with National Bank of Pakistan (NBP). This arrangement will enable value-added services to be provided to Citi's customers by NBP by replacing manual instruments with a m
Published 12 Apr, 2016 12:00am
Panama Papers: PPP demands judicial commission

Panama Papers: PPP demands judicial commission

Pakistan Peoples Party on Monday demanded the government to constitute a judicial commission led by Chief Justice of Pakistan and having assistance of a foreign forensic team and Stolen Asset Recovery Initiative of World Bank to probe assets of Sharif fam
Published 12 Apr, 2016 12:00am
Flower & Pet Show inaugurated

Flower & Pet Show inaugurated

Wah Cantonment is considered one of the most beautiful cantonment of the country and POF management has embarked upon a comprehensive plan to enhance its beautification. These views were expressed by Lieutenant General Omar Mahmood Hayat, Chairman POF Boa
Published 12 Apr, 2016 12:00am
Staffer accused of molesting girl at PIMS

Staffer accused of molesting girl at PIMS

A 22-year old paralysed girl was allegedly sexually assaulted by a male nursing staffer at Pakistan Institute of Medical Sciences (PIMS) hospital in Islamabad, officials said here on Monday. According to a spokesman for the PIMS, the girl, a resident of S
Published 12 Apr, 2016 12:00am
Electoral reforms: Concern voiced over performance of Parliamentary body

Electoral reforms: Concern voiced over performance of Parliamentary body

Serious concerns were expressed over the slow progress in the electoral reform process by members of the Parliamentary Committee on Electoral Reforms with several maintaining that if this pace is maintained 2018 elections may not be any better than the 20
Published 12 Apr, 2016 12:00am
Budget proposals: FPCCI delegation briefs Dar

Budget proposals: FPCCI delegation briefs Dar

Finance Minister Senator Mohammad Ishaq Dar here on Monday held a meeting with delegation of FPCCI at the FBR headquarters. The FPCCI delegation gave a detailed briefing on their tax proposals for Budget 2016-17. The Finance Minister said that the PML-(N)
Published 12 Apr, 2016 12:00am
Nisar underscores need for accountability for all

Nisar underscores need for accountability for all

The federal government fully supports a thorough probe into the Panama leaks but all the parliamentarians, both from the treasury and opposition, must volunteer to make themselves accountable in order to "clear the dust once and for all," said Interior Mi
Published 12 Apr, 2016 12:00am
CPEC projects: KP government irked by federal government's reply

CPEC projects: KP government irked by federal government's reply

Khyber Pakhtunkhwa government has expressed its disappointment over the federal government's reply to its demands, which it made through a letter regarding the China-Pakistan Economic Corridor projects and warned that if the KP was continuously ignored in
Published 12 Apr, 2016 12:00am
Budget proposals: PBC against tax amnesty schemes and waivers

Budget proposals: PBC against tax amnesty schemes and waivers

Pakistan Business Council (PBC) has proposed discontinuation of the permanent amnesty schemes; cap on explained remittances beyond a threshold and advance tax collection to discourage 'whitening' in upcoming budget (2017-18). According to the budget propo
Published 12 Apr, 2016 12:00am
Budget proposals: PBC against tax amnesty schemes and waivers

Budget proposals: PBC against tax amnesty schemes and waivers

Pakistan Business Council (PBC) has proposed discontinuation of the permanent amnesty schemes; cap on explained remittances beyond a threshold and advance tax collection to discourage 'whitening' in upcoming budget (2017-18). According to the budget propo
Published 12 Apr, 2016 12:00am
Power shut down notice

Power shut down notice

According to IESCO spokesman, due to electricity maintenance/development work the power supply of the following feeders/grid stations would remain suspended as under: On 12 April 09:00am 05:00pm, Khanna Road, CNC, SPD-II, Gulshan Colony, Hamuyun Road, Reh
Published 12 Apr, 2016 12:00am
Joint Sitting: National Assembly Speaker refers bills to committee

Joint Sitting: National Assembly Speaker refers bills to committee

Speaker National Assembly Sardar Ayaz Sadiq on Monday referred two bills "The Criminal Law (Amendment) (Anti-Rape) Bill, 2016" and "The Anti-Honour Killings Laws (Criminal Laws Amendment) Bill 2015" to Committee of the Joint Sitting on Bills for further d
Published 12 Apr, 2016 12:00am
Parliamentarians should investigate Panama leak: Rehman

Parliamentarians should investigate Panama leak: Rehman

Pakistan People's Party (PPP) leader Senator Rehman Malik on Monday demanded the government to form a committee headed by chairman Senate Raza Rabbani comprising parliamentarians belonging to all political parties to probe into Panama Papers' leaks. Talki
Published 12 Apr, 2016 12:00am
Axact case: Supreme Court issues notices to AGP, AG Sindh

Axact case: Supreme Court issues notices to AGP, AG Sindh

The Supreme Court on Monday issued notices to principal law officer of the country and provincial law officer of the Sindh in response to pleas of M/s Axact Private Limited and its chief executive officer Shoaib Ahmed Sheikh challenging the freezing of co
Published 12 Apr, 2016 12:00am
PSO clarification

PSO clarification

Apropos the news article titled "Increase in rent of outlets: PSO accused of harassing CNG operators" published in "Business Recorder" on 9th April, 2016; Pakistan State Oil (PSO) categorically refutes the false statements and allegations levelled by Abid
Published 12 Apr, 2016 12:00am
Peshawar operation 120 Afghans among 300 suspects held

Peshawar operation 120 Afghans among 300 suspects held

Police claimed on Monday that they have arrested at least 300 suspected people including 120 Afghan nationals during a search operation against terrorists in Peshawar's suburb areas. According to details, police have conducted a search operation in Hayata
Published 12 Apr, 2016 12:00am
Pesco chief suspends XEN, 5 SDOs

Pesco chief suspends XEN, 5 SDOs

An important meeting presided over by Chief Executive, Pesco, Anwar UlHaq Yousafzai was held at Wapda House Peshawar. Superintending Engineers of Peshawar, Khyber, Bannu, Swat, Mardan and Hazara Circles attended the meeting. The CEO Pesco viewed very seri
Published 12 Apr, 2016 12:00am
KP government capable to put province on track of development: Khattak

KP government capable to put province on track of development: Khattak

Chief Minister Khyber Pakhtunkhwa Pervez Khattak said the provincial government has the capacity to put the province on the track of sustainable economic growth. The reforms introduced in health and education, the revamping of public sector institutions a
Published 12 Apr, 2016 12:00am
KP government capable to put province on track of development: Khattak

KP government capable to put province on track of development: Khattak

Chief Minister Khyber Pakhtunkhwa Pervez Khattak said the provincial government has the capacity to put the province on the track of sustainable economic growth. The reforms introduced in health and education, the revamping of public sector institutions a
Published 12 Apr, 2016 12:00am
KP government capable to put province on track of development: Khattak

KP government capable to put province on track of development: Khattak

Chief Minister Khyber Pakhtunkhwa Pervez Khattak said the provincial government has the capacity to put the province on the track of sustainable economic growth. The reforms introduced in health and education, the revamping of public sector institutions a
Published 12 Apr, 2016 12:00am
PIAF underscores need for tax-free budget

PIAF underscores need for tax-free budget

The Pakistan Industrial and Traders Associations Front (PIAF) on Monday called for a tax-free budget for the year 2016-17 to achieve high economic growth. PIAF Chairman Irfan Iqbal Sheikh while talking to newsmen said the increase in number of taxes alway
Published 12 Apr, 2016 12:00am
LTU crosses collection target by Rs 9.26 billion

LTU crosses collection target by Rs 9.26 billion

Lahore's Large Taxpayer Unit (LTU) of the Federal Board of Revenue has crossed a revenue collection target fixed for the first nine months of the current financial year by Rs 9.26 billion as it collected Rs 151.53 billion against the target of Rs 142.27 b
Published 12 Apr, 2016 12:00am
KOSGEB model TEVTA to send delegation to Turkey for survey

KOSGEB model TEVTA to send delegation to Turkey for survey

A Punjab government delegation will soon visit to Turkey for a comprehensive survey of the KOSGEB model to promote entrepreneurship technology development, access to capital and business incubation facilities in the Punjab. The Technical Education and Voc
Published 12 Apr, 2016 12:00am
Women on Wheels programme launched in Faisalabad

Women on Wheels programme launched in Faisalabad

Punjab government has launched "Women on Wheels" programme on Monday to encourage female bike riding in Faisalabad after Lahore. The launching ceremony was held at University of Agriculture Faisalabad. Punjab Law Minister Rana Sanuallah was the chief gues
Published 12 Apr, 2016 12:00am
Chinese company offers cheap electric buses to Peshawar

Chinese company offers cheap electric buses to Peshawar

Chinese Company Star Asia has offered the provision of cheap electric buses for the people of Peshawar. The offer was made in a meeting of the delegation of Chinese company with District Nazim Peshawar, here on Monday. The delegation comprised company's V
Published 12 Apr, 2016 12:00am
Wapda hydel power generation up by 18 percent in Q3

Wapda hydel power generation up by 18 percent in Q3

Pakistan Water and Power Development Authority (Wapda) hydel power stations delivered as many as 4.731 billion units of low-cost hydel electricity to the national grid during the third quarter of the current fiscal year. It was due to better hydrological
Published 12 Apr, 2016 12:00am
APBF calls for probe into offshore wealth

APBF calls for probe into offshore wealth

The All Pakistan Business Forum (APBF) on Monday said that Panama Leaks exposed the corruption of both current as well as the former rulers of the country, asking the authorities to launch an investigation about the offshore wealth of all, who are involve
Published 12 Apr, 2016 12:00am
Entry of heavy vehicles barred

Entry of heavy vehicles barred

Entry of heavy vehicles (Truck, Trailers. Mazda & Dumper) have been barred in 10-kilometer area of salt range, Keller Kasha on M-2 due to construction of road. Therefore, the heavy traffic coming from Lahore towards Islamabad would be departed from Lila i
Published 12 Apr, 2016 12:00am
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