News Archives for Print - 2017-06-12

Trillium Information Security Systems (TISS), incorporated in 2005, is Pakistan's first Information Assurance focused organization. Its operating principle is continuous improvement through acquisition and deployment of knowledgeable professionals backed

Published 12 Jun, 2017 12:00am

Message from Chairman Pak-Russia Business Council FPCCI

It is a great honor and pleasure for me to extend my views on the auspicious occasion of National Day of Russian Federation the 12th June. History has proved that Russia has always come forward to assist Pakistan in its difficult times, be it industrializ

Published 12 Jun, 2017 12:00am

Exchange

Message from Consul General of the Russian Federation in Karachi

It is with great pleasure that I address the readers of this newspaper on the occasion of the Day of Russia. This day symbolizes the resurgence of Russia as a nation which is destined to play a significant role in reshaping the global order in a just mann

Published 12 Jun, 2017 12:00am

Message from Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the Islamic Republic of Pakistan

THE DAY OF RUSSIA The Day of Russia is the main national holiday of our country, the state with centuries-old historical and cultural traditions. It dates back to June 12, 1990, when the "Declaration of State Sovereignty of Russia" was proclaimed.

Published 12 Jun, 2017 12:00am

Chronic pain tied to faster memory decline in old age

Older people who suffer from persistent pain may experience a faster deterioration of memory and a greater risk of dementia as they age compared to peers who are not in chronic pain, a recent study suggests. For the study, researchers examined data from m

Published 12 Jun, 2017 12:00am

Zika affects five percent of babies with confirmed infections: CDC

The first report on how the Zika virus affected U.S. territories showed that 5 percent of women with confirmed infections had babies with birth defects, U.S. health officials said on Thursday. The report from the Centers for Disease Control and Prevention

Published 12 Jun, 2017 12:00am

Plastic in rivers major source of ocean pollution

Plastic that is dumped in rivers and then ends up in the world's oceans is one of the major sources of marine pollution, a new study said last week, with Asian waterways the main culprits. Researchers at The Ocean Cleanup - a Dutch foundation developing n

Published 12 Jun, 2017 12:00am

Childhood brain injury tied to adult anxiety, depression

Children who sustained traumatic brain injuries may experience psychological effects like anxiety, phobias and depression more than a decade later, researchers say. "The study suggests that brain injury is in some way related to longer-term anxiety sympto

Published 12 Jun, 2017 12:00am

New app helps Mali skin doctors reach out to distant patients

In Mali, where skin conditions are widespread and skin doctors are scarce, physicians have turned to technology to treat patients remotely. From his Bamako office, Professor Ousmane Faye, one of a small number of dermatologists in Mali, examines photos of

Published 12 Jun, 2017 12:00am

AI 'good for the world'... says ultra-lifelike robot

Sophia smiles mischievously, bats her eyelids and tells a joke. Without the mess of cables that make up the back of her head, you could almost mistake her for a human. The humanoid robot, created by Hanson robotics, is the main attraction at a UN-hosted c

Published 12 Jun, 2017 12:00am

Exchange

Apple unveils VR features on Mac, new iPhone software

Apple nodded to several up-and-coming technology trends, unveiling new device features touching on virtual reality, online privacy and a form of artificial intelligence called machine learning. New iMacs unveiled Monday at Apple's annual conference for so

Published 12 Jun, 2017 12:00am

Apple 'HomePod' speaker to take on Amazon, Google

Apple will later this year release a "HomePod" music-centric smart home speaker, challenging a market currently dominated by Amazon and Google in its latest move to weave deeper into people's lives. HomePod, aided by Apple's Siri digital assistant, will b

Published 12 Jun, 2017 12:00am

Samsung to double mobile phone capacity at main Indian factory

Samsung Electronics plans to double the production capacity for mobile phones and fridges at its main factory in India, expanding in a country where U.S. rival Apple Inc has started assembling phones. The South Korean company said in a statement on Wednes

Published 12 Jun, 2017 12:00am

Kerb

Facebook launches disaster maps to help aid workers save lives

Facebook on Wednesday launched disaster maps - an initiative aimed at helping humanitarian organisations save lives in emergencies. "When there's a flood, earthquake, fire or other natural disaster, response organisations need accurate information quickly

Published 12 Jun, 2017 12:00am

BlackBerry offers software for running computer systems on cars

BlackBerry Ltd said on Wednesday it has developed new software for running complex computer systems on vehicles, giving the once dominant smartphone maker a leg up in a burgeoning segment of the technology market. The company declined to name any automake

Published 12 Jun, 2017 12:00am

Mavenir launches multi ID for innovation in voice, video and messaging

Mavenir, the leader in accelerating and redefining network transformation for Communication Service Providers (CSPs), announces the live US commercial deployment in a Tier-1 operator and market launch of its unique and game-changing programmable cloud com

Published 12 Jun, 2017 12:00am

Foreign bidding war for Rio's Australia coal mines

A multi-billion dollar bidding war for most of Rio Tinto's Australian coal mines has broken out between China-backed Yancoal and Glencore after the Swiss commodities giant made an unexpected offer. Rio, the world's second-largest miner, is exiting coal mi

Published 12 Jun, 2017 12:00am

After oil drop, some Opec delegates question if supply cut deal enough

Two weeks after an Opec-led deal to extend oil output cuts until March, some Opec delegates are questioning whether the agreement will be enough to reduce a glut in supplies and lift prices. Prices have fallen more than 10 percent to below $50 a barrel si

Published 12 Jun, 2017 12:00am

Airbus may look beyond UK unless Brexit demands met

Airbus could move production of new aircraft models out of Britain if the European plane-maker's "non-negotiable" demands over the free movement of people and trade tariffs are not delivered in upcoming Brexit talks, the Sunday Times reported. Britain is

Published 12 Jun, 2017 12:00am

Price of Saudi cigarettes doubles as first tax hits

The price of a pack of cigarettes doubled for Saudi Arabian smokers on Sunday under first-time tax measures to help the kingdom cope with a drop in oil revenues. Residents of the world's biggest oil exporter long enjoyed a tax-free and heavily subsidised

Published 12 Jun, 2017 12:00am

Price of Saudi cigarettes doubles as first tax hits

The price of a pack of cigarettes doubled for Saudi Arabian smokers on Sunday under first-time tax measures to help the kingdom cope with a drop in oil revenues. Residents of the world's biggest oil exporter long enjoyed a tax-free and heavily subsidised

Published 12 Jun, 2017 12:00am

Exchange

Dollar shortages hit Qatar exchange houses as foreign banks scale back ties

Shortages of US dollars hit money exchange houses in Qatar on Sunday, making it harder for worried foreign workers to send money home, as foreign banks scaled back business with Qatari institutions because of the region's diplomatic crisis. "We have no do

Published 12 Jun, 2017 12:00am

European mobile operators brace for end of roaming charges

Long an important source of revenue for telecom companies, roaming charges will be lifted in Europe starting June 15, raising pressure on operators in a tight market. Roaming charges within and outside Europe account for an average of around five percent

Published 12 Jun, 2017 12:00am

Germany calls for 10 billion euro permanent UN crisis fund

German Development Minister Gerd Mueller, citing hunger crises in eastern Africa, said the United Nations should create a permanent 10 billion euro crisis fund, with contributions to be based on a country's financial strength."The catastrophe is already u

Published 12 Jun, 2017 12:00am

Germany calls for 10 billion euro permanent UN crisis fund

German Development Minister Gerd Mueller, citing hunger crises in eastern Africa, said the United Nations should create a permanent 10 billion euro crisis fund, with contributions to be based on a country's financial strength."The catastrophe is already u

Published 12 Jun, 2017 12:00am

Sibanye Gold strike continues, 138 arrested

A wildcat strike at Sibanye Gold's Cooke operations west of Johannesburg continued on Sunday and 138 illegal miners there have been arrested since the stoppage began Tuesday, a company spokesman said. Sibanye said the strike, which has seen 16 miners assa

Published 12 Jun, 2017 12:00am

US Fed to raise rates despite sluggish economic data

For the second time this year, the US central bank appears poised to raise interest rates despite fresh signs the world's largest economy is not in peak condition. The recent soft numbers on the economy may have weakened the case for an increase in the be

Published 12 Jun, 2017 12:00am

Exchange

U-20 World Cup Football final: England win first world title in 51 years

Dominic Calvert-Lewin scored and Freddie Woodman saved a penalty as England beat Venezuela 1-0 to win the Under-20 World Cup on Sunday, ending the nation's 51-year wait for a global trophy. Everton striker Calvert-Lewin became only the third England playe

Published 12 Jun, 2017 12:00am

Injured Sharapova out of Wimbledon

Maria Sharapova withdrew from Wimbledon on Saturday after failing to recover from a thigh injury, dealing another blow to the superstar's bid to rebuild her career following a doping ban. The 30-year-old Russian, who was champion at the All England Club i

Published 12 Jun, 2017 12:00am

Nadal takes record breaking 10th French Open

Rafael Nadal coasted to a record 10th French Open title on Sunday, demolishing Stan Wawrinka in a brutally one-sided final which also earned the Spaniard a 15th Grand Slam crown. Nadal, 31, triumphed 6-2, 6-3, 6-1 to become the first man in history to win

Published 12 Jun, 2017 12:00am

FR Eagles win Ramazan Floodlight T20 Cup

FR Eagles securing 16 runs victory against Pakhtun Zalmi in the ongoing Peshawar Premier League Ramazan Floodlight Twenty20 Cricket Tournament being played at Arbab Niaz Cricket Stadium, here on Sunday. FR Eagles skipper won the toss and decided to bat fi

Published 12 Jun, 2017 12:00am

Bolt shakes off nerves to win final race on Jamaican soil

Usain Bolt partied with his devoted fans in an emotional farewell at the National Stadium on Saturday as the world's fastest man ran his final race on Jamaican soil. Bolt wanted to go out in a blaze of glory as he won the 100 metre "Salute to a Legend" ra

Published 12 Jun, 2017 12:00am

Stokes can 'go through roof' after downing Australia: Morgan

Eoin Morgan said the potential of Ben Stokes is "through the roof" after having the best view in the house as the all-rounder's stunning century helped England knock Australia out of the Champions Trophy. England, already through to the semi-finals of a t

Published 12 Jun, 2017 12:00am

Motorcycling: Dovizioso stays cool to win scorching Catalan GP

Italy's Andrea Dovizioso sealed back-to-back MotoGP wins by cruising to victory under searing temperatures at the Catalan GP on Sunday. Dovizioso, who won just his third MotoGP race on home soil at the Italian Grand Prix last weekend, led home Honda's Spa

Published 12 Jun, 2017 12:00am

Hafeez relishes 'unpredictable' tag

Mohammad Hafeez has no problems with Pakistan being known as "unpredictable", saying he "loves" the tag that is so often applied to the team. The Pakistan all-rounder is set to feature in a virtual Champions Trophy quarter-final against Sri Lanka when the

Published 12 Jun, 2017 12:00am

India cruise into Champions Trophy semis

India swept into the Champions Trophy semi-finals and eliminated woeful South Africa as Shikhar Dhawan and Virat Kohli inspired the holders' eight-wicket victory on Sunday. Kohli's side avoided the embarrassment of an early exit as they survived a do or

Published 12 Jun, 2017 12:00am

Embraer's biggest passenger jet may be its best seller

The biggest passenger jet ever made by Brazil's Embraer SA may become its top-selling model, emerging from the shadows of smaller siblings due to extra rows and big wings that have changed its economics, a senior executive told Reuters. The first generati

Published 12 Jun, 2017 12:00am

Exchange

Bayer cuts Covestro stake in transactions worth 2.5 billion euros

Bayer AG set out on Tuesday to reduce its stake in plastics and chemicals subsidiary Covestro further from 53.3 percent, part of a plan to sever ownership ties completely in the medium term. Bayer said in a statement after the market close it was placing

Published 12 Jun, 2017 12:00am

Exchange

Bayer cuts Covestro stake in transactions worth 2.5 billion euros

Bayer AG set out on Tuesday to reduce its stake in plastics and chemicals subsidiary Covestro further from 53.3 percent, part of a plan to sever ownership ties completely in the medium term. Bayer said in a statement after the market close it was placing

Published 12 Jun, 2017 12:00am

Deutsche Bank to support China's 'Belt and Road'

Deutsche Bank, Germany's biggest lender, said on Wednesday it would support three billion dollars' worth of development projects in partnership with China Development Bank (CDB). "CDB and Deutsche Bank agreed to work together over the next five years with

Published 12 Jun, 2017 12:00am

GTCR, Carlyle to buy contract research firm Albany Molecular

Contract drug manufacturer and research company Albany Molecular Research Inc said on Tuesday it had agreed to be taken private by buyout firms Carlyle Group LP and GTCR LLC for about $922 million in cash. The deal comes amid consolidation in the contract

Published 12 Jun, 2017 12:00am

Exchange

Emaar to IPO real estate development business in Dubai

Emaar Properties, the builder of the world's tallest tower, plans to offer up to 30 percent of its United Arab Emirates real estate development business in what would be the first listing on the Dubai exchange in two and a half years. The developer, whose

Published 12 Jun, 2017 12:00am

Investors struggle to figure out ProSieben's digital strategy

In November last year, the head of Germany's ProSiebenSat.1 went cap in hand to his biggest investors looking to raise more than half a billion euros. The cash was to be used to finance the company's further shift away from relying on its television adver

Published 12 Jun, 2017 12:00am

Vietnam's FLC Group plans to lease seven planes from Airbus for new carrier

Vietnam property company, FLC Group, which aims to start a new airline that could take to the skies for the first time early next year, is working with Airbus to lease about seven aircraft by 2018, the company's chairman said on Saturday. FLC's board deci

Published 12 Jun, 2017 12:00am

Foreign investors to pour nearly $1trillion into emerging markets in 2017: IIF

Non-resident capital inflows to emerging markets should reach $970 billion this year, a 35 percent increase from 2016, the Institute of International Finance (IIF) said in a report released on Tuesday. The projection follows a strong first quarter for eme

Published 12 Jun, 2017 12:00am

Foreign investors to pour nearly $1trillion into emerging markets in 2017: IIF

Non-resident capital inflows to emerging markets should reach $970 billion this year, a 35 percent increase from 2016, the Institute of International Finance (IIF) said in a report released on Tuesday. The projection follows a strong first quarter for eme

Published 12 Jun, 2017 12:00am

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Sunday. 80.60-80.60 (previous 80.59-80.60).

Published 12 Jun, 2017 12:00am

Loonie seen further clipped as speculators sell Canada

The Canadian dollar could have further to fall over the coming weeks now that speculators have turned bearish on the country and as the currency nears the C$1.40 level targeted by some investors. The loonie has performed worst among G10 currencies this ye

Published 12 Jun, 2017 12:00am

Exchange

In China, some firms ask workers to buy shares in a bid to raise stock price

Around two dozen mainly small listed Chinese companies have taken the unusual step of urging their employees to buy shares in a bid to prop up stock prices and help fend off collateral calls on stock-backed loans. In many cases, workers are stepping up, a

Published 12 Jun, 2017 12:00am

Russia to raise FX purchases

Russia's Finance Ministry said on Monday it would increase its purchases of foreign currency on the domestic market more than fivefold in June to 45.1 billion roubles ($797.4 million). The daily purchases will amount to around 2.1 billion roubles between

Published 12 Jun, 2017 12:00am

Exchange

Russia's plan to borrow in yuan stumbled over Panda bonds

Russia put off its plans to borrow in yuan the last minute as it did not meet a condition laid down by Beijing - to borrow by issuing Panda bonds on China's domestic market, Russia's deputy finance minister said. Russia trumpeted its intention and ability

Published 12 Jun, 2017 12:00am

Exchange

Russia's plan to borrow in yuan stumbled over Panda bonds

Russia put off its plans to borrow in yuan the last minute as it did not meet a condition laid down by Beijing - to borrow by issuing Panda bonds on China's domestic market, Russia's deputy finance minister said. Russia trumpeted its intention and ability

Published 12 Jun, 2017 12:00am

Qatari banks fall after UAE red flag

Shares in Qatari banks fell on Sunday after the United Arab Emirates central bank ordered UAE banks to be wary of accounts which they hold with six Doha-based lenders, while Dana Gas and Drake & Scull outperformed in the UAE. As the diplomatic crisis in t

Published 12 Jun, 2017 12:00am

Exchange

Nigeria imposes new spread limit in bid to increase liquidity

Nigeria's central bank introduced a new spread limit on interbank transactions on Monday, it said in a statement, in an attempt to boost liquidity in the currency market. All interbank transactions will be subject to a maximum spread of 1 naira ($0.0033),

Published 12 Jun, 2017 12:00am

Exchange

China should reform FX system to promote yuan flexibility

China should urgently reform its foreign exchange rate system or risk impeding the economy and plans for the yuan to play a larger role on the global stage, a central bank adviser said on Wednesday. Huang Yiping, a member of the central bank's monetary po

Published 12 Jun, 2017 12:00am

Greece targeting below five percent yields for market return

Greece will return to markets once its borrowing costs drop below 5 percent, sources told Reuters, which could happen if the European Central Bank includes Greek bonds in its 2.3 trillion euro asset purchase programme. That important caveat depends primar

Published 12 Jun, 2017 12:00am

Greece targeting below five percent yields for market return

Greece will return to markets once its borrowing costs drop below 5 percent, sources told Reuters, which could happen if the European Central Bank includes Greek bonds in its 2.3 trillion euro asset purchase programme. That important caveat depends primar

Published 12 Jun, 2017 12:00am

Maldives sees higher growth lowering future bond borrowing costs

Strong economic growth in the Maldives is expected to help lower the nation's borrowing costs in future, the government said on Tuesday, after the Indian Ocean archipelago raised $200 million via a debut sovereign bond last week. The government issued the

Published 12 Jun, 2017 12:00am

Maldives sees higher growth lowering future bond borrowing costs

Strong economic growth in the Maldives is expected to help lower the nation's borrowing costs in future, the government said on Tuesday, after the Indian Ocean archipelago raised $200 million via a debut sovereign bond last week. The government issued the

Published 12 Jun, 2017 12:00am

Japan fund managers trim equity exposure in May

Japanese fund managers trimmed their model portfolios' exposure to equities in May, a Reuters poll found, in a month in which US political turmoil curtailed institutional investors' appetite for riskier assets. The survey of five Japan-based fund managers

Published 12 Jun, 2017 12:00am

Japan fund managers trim equity exposure in May

Japanese fund managers trimmed their model portfolios' exposure to equities in May, a Reuters poll found, in a month in which US political turmoil curtailed institutional investors' appetite for riskier assets. The survey of five Japan-based fund managers

Published 12 Jun, 2017 12:00am

Exchange

Wall Street week ahead: regional banks may keep lagging without Washington lift

A rough few months for most US bank stocks has been particularly unkind to regional banks, and that's not likely to change soon as hopes dim for higher long-term interest rates and timely policy relief from Washington. While some investors see bargains in

Published 12 Jun, 2017 12:00am

Exchange

FIR registered over attempt on MQM-P MPA's life

A First Information Report (FIR) has been filed in the Shahrah-e-Noor Jahan police station against the person who attempted a fatal assault at Jamal Ahmed, a member of Sindh Assembly belonging to Muttahida Qaumi Movement-Pakistan (MQM-P), near his North N

Published 12 Jun, 2017 12:00am

CM satisfied with working of Ramazan Bazaar

Punjab Chief Minister Shahbaz Sharif paid a surprise visit to a Ramazan Bazaar in Johar Town on Sunday evening to inspect the items and rates. "CM Punjab passed through security check installed for the security of the people visiting bazaar," social media

Published 12 Jun, 2017 12:00am

Karachi Mayor calls for enhanced security at markets

Karachi Mayor Waseem Akhtar has expressed concern over increasing street crimes during the holy month of Ramazan in the metropolitan city. He urged the Sindh Chief Minister Syed Murad Ali Shah to take notice of the rising street crimes and order enhanced

Published 12 Jun, 2017 12:00am

Shehbaz vows to eradicate child labour from Punjab

Punjab Chief Minister Muhammad Shahbaz Sharif has said that child labour is a social and economic issue which is result of different aspects. Elimination of child labour is a form of worship and mission of Punjab government, he added. He said that childre

Published 12 Jun, 2017 12:00am

Power shortfall spikes to 5,500 megawatts

12-hour long power outages have darkened houses in rural areas as shortfall has hit 5,500 Mega Watt (MW) on Sunday around a week after Prime Minister (PM) Nawaz Sharif directed authorities to ensure uninterrupted supply in Ramazan. Reportedly, rural areas

Published 12 Jun, 2017 12:00am

An interview with Shamim Zafar, Chief Executive, Karigar Training Institute: 'Vocational training needs wider government patronage'

Karigar Training Institute (KTI) is a vocational training institute imparting varied technical courses primarily for electricians, plumbers, refrigeration and air conditioning mechanics and motorbike technicians, purely on non-commercial basis. Formed in

Published 12 Jun, 2017 12:00am

An interview with Shamim Zafar, Chief Executive, Karigar Training Institute: 'Vocational training needs wider government patronage'

Karigar Training Institute (KTI) is a vocational training institute imparting varied technical courses primarily for electricians, plumbers, refrigeration and air conditioning mechanics and motorbike technicians, purely on non-commercial basis. Formed in

Published 12 Jun, 2017 12:00am

KP government sets ambitious targets for social sectors

The Khyber Pakhtunkhwa government has set ambitious targets in the social sectors in the fiscal year 2017-18 including the creation of more than 28,000 jobs for youth. Titled the 'Citizens' Budget: Putting People First' the document released by the financ

Published 12 Jun, 2017 12:00am

Cotton

New cotton variety developed

Experts at the Cotton Research Institute Faisalabad have developed a new cotton variety 'FH-326'. Funding for the project was provided by the Punjab Agricultural Research Board (PARB). The new variety of cotton would need less water. Director Cotton Resea

Published 12 Jun, 2017 12:00am

Bilawal summons party leaders meeting tomorrow

Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari has summoned party meeting in Zardari House Islamabad on Tuesday in the context of Panama JIT and current political scenario. Senior party leaders from all over the country will participate in

Published 12 Jun, 2017 12:00am

KP government working on investment policy to facilitate foreigners

The provincial government of Khyber Pakhtunkhwa is preparing first-ever foreign investment policy to facilitate investment processes and investor groups in the province. For this purpose, the provincial had tasked Planning and Development (P&D) Department

Published 12 Jun, 2017 12:00am

Gift arrangements: FBR cell intensifies efforts to finalise cases of money laundering

The Anti-Money Laundering Cell of the Directorate General of Intelligence and Investigation Islamabad has intensified efforts to finalise cases of money laundering committed through gift arrangements by 2,785 individuals. It is learnt that the Anti-Money

Published 12 Jun, 2017 12:00am

Robbers' gang arrested

Police on Sunday arrested a gang of dacoits and its ringleader and recovered looted money and items worth millions of rupees. According to detail, a team was constituted by DPO District Nowshera Wahid Mehmood comprising DSP Pabbi Circle Luqman Khan, SHO P

Published 12 Jun, 2017 12:00am

Exchange

Another Kashmiri martyred in fake encounter

Indian troops, in their fresh act of state terrorism in Indian occupied Kashmir martyred one more Kashmiri youth in Bandipora district on Sunday raising the number of killed in fake encounters in the territory to seven since yesterday. The troops martyred

Published 12 Jun, 2017 12:00am

Two youth drown while fishing at Mai Kolachi

Two youth drowned while fishing at Mai Kolachi sea shore here on Sunday. Bodies of Hassan and Usman have been pulled out from the sea. The two boys who got drowned at Mai Kolachi had gone for fishing with their friend Tahir who was with them at the time t

Published 12 Jun, 2017 12:00am

KP Assembly improves working hours, legislative output

The Provincial Assembly of the Khyber Pakhtunkhwa (KP) registered an increase in its annual working hours, participation of lawmakers, legislative output and the executive oversight during the fourth parliamentary year. However, no improvement was seen in

Published 12 Jun, 2017 12:00am

Pakistan to emerge as an economic power in next five years: Mamnoon

President Mamnoon Hussain says Pakistan will emerge as a strong economic power in the next five years due to the government's effective economic reforms. Talking to newspersons in Madina Munawara, he said reforms have been introduced in every sector, whic

Published 12 Jun, 2017 12:00am

'World Day Against Child Labour' today

June 12 is being observed as World Day Against Child Labour every year. The Global Slavery Index, 2016, ranked Pakistan at six out of 167 countries. According to the Index, 58% of people living under slavery reside in 5 countries, namely: India, China, Pa

Published 12 Jun, 2017 12:00am

SBP's SMS service for issuing fresh currency notes begins today

State Bank of Pakistan, through its subsidiary SBP Banking Services Corporation (SBPBSC) has re-launched the SMS service for issuance of fresh currency notes to the general public. According to a SBP communication the fresh notes will be available from Ju

Published 12 Jun, 2017 12:00am

TI seeks removal of Salman Farooqui

Transparency International (TI) Pakistan has approached Prime Minister Nawaz Sharif for removal of Salman Farooqui as Federal Ombudsman and cancellation of other illegal appointments in Wafaqi Mohtasib (federal ombudsman) office. According to a letter wri

Published 12 Jun, 2017 12:00am

CM okays plan to set up gastrointestinal teaching units

Punjab Chief Minister Shahbaz Sharif has accorded approval to the establishment plan of Gastrointestinal Teaching Units and Hepatitis Clinics in autonomous medical institutions of the province. The CM presided over a three hours long meeting which evaluat

Published 12 Jun, 2017 12:00am

28 posts of MLOs lying vacant in government hospitals

There are no less than 28 posts of medico-legal officers (MLOs) lying vacant in different government hospitals in Karachi. There were total 71 sanctioned posts in the medical-legal departments of major hospitals of the mega city and 28 of them, including

Published 12 Jun, 2017 12:00am

Marriyum condemns murder of journalist at Haripur

Minister of State for Information, Broadcasting and National Heritage Marriyum Aurangzeb Sunday strongly condemned the heinous murder of a Haripur- based senior journalist Bakhshish Elahi which reportedly was an act of target killing. Expressing her heart

Published 12 Jun, 2017 12:00am

NFL, Reckitt Benckiser sign MoU

National Foods Limited signed a Memorandum of Understanding (MoU) with Reckitt Benckiser Pakistan on Thursday 25th May 2017 at National Food's Corporate Office. The MoU was signed by Abrar Hasan, CEO National Foods Limited and Shahzeb Mahmood, CEO Reckitt

Published 12 Jun, 2017 12:00am

PML-N government will turn country into a welfare state: Zubair

Sindh Governor Muhammad Zubair has said that Pakistan Muslim League-Nawaz (PML-N) government is making all out efforts to turn the country into a welfare state through series of measures that were adopted for socio-economic reforms. "Restoration of peace

Published 12 Jun, 2017 12:00am

Fruit Market body denies any role in price fixation

Chairman, Karachi Fruit Market Committee (KFMA), Haji Ali Ahmed Jokhio here on Sunday said the committee had no role in fixing the wholesale or retail prices for fruits auctioned at Karachi Sabzi Mandi. Addressing a press conference, he said the committee

Published 12 Jun, 2017 12:00am

KU cancels admission of 18 students

Karachi University has cancelled admission of 11 of its morning program students and seven pertaining to evening session for submitting forged mark-sheets. Dr Khalid Iraqi, Director Administration, Karachi University in a statement issued Sunday said as p

Published 12 Jun, 2017 12:00am

Three security personnel injured in Kalat IED blast

Three security personnel were injured after a vehicle of security forces was targeted through an improvised explosive device (IED) here on Sunday. Security sources said that an IED planted by the road side in Johan area of Kalat district exploded when a s

Published 12 Jun, 2017 12:00am

Qadri terms JIT PML-N's 'election cell'

Prominent cleric and head of Pakistan Awami Tehreek (PAT) Tahirul Qadri Sunday alleged that the joint investigation team (JIT) probing allegations of money laundering against the Sharif family is working as an 'election cell' for the ruling PML-N. Qadri,

Published 12 Jun, 2017 12:00am

Body of Lahore UC chairman's son recovered, step-mother held

Tortured body of Union Council-130 Chairman's abducted son has been recovered on Sunday while police have detained late minor's step-mother for alleged murder. The 4-year-old child who had 'gone missing' in Baghbanpura was allegedly tortured by his step-m

Published 12 Jun, 2017 12:00am

Justice Raja Saeed takes oath as acting CJ AJK

Senior Judge Azad Jummu and Kashmir (AJK) Supreme Court (SC), Raja Saeed Ikram Khan Sunday took oath as acting Chief Justice of the apex court. The oath was administered by President of Azad Jummu and Kashmir Sardar Masood Ahmed Khan here at Kashmir House

Published 12 Jun, 2017 12:00am

Posting of officers: FBR turns a deaf ear to FTO's directives

The Federal Board of Revenue (FBR) has failed to implement a key recommendation of the Federal Tax Ombudsman (FTO) to frame a uniform policy for the posting of all those officers whose tenure at a place, particularly at a native station, is more than an a

Published 12 Jun, 2017 12:00am

Over 0.9 million eye-patients benefited from Al-Shifa Trust

Over 0.9 million people benefited from the services of the leading state of the art four eye care hospitals of Al-Shifa Trust at Rawalpindi, Sukkur, Kohat and Muzaffarabad in one year.

Published 12 Jun, 2017 12:00am

Currency	Rate
USD PKR Interbank Selling / May 31	278.42
USD PKR Interbank Buying / May 31	278.22
USD to Japanese Yen / May 31	157.31
USD to Swiss Franc / May 31	0.90
Pound Sterling to USD / May 31	1.27
Euro to USD / May 31	1.08

Stock	Volume
S&P 500 / May 31	5277.51
India Sensex / May 31	73961.31
Tokyo Nikkei / May 31	38487.90
Nasdaq / May 31	16735.02
Hang Seng / May 31	18079.61
FTSE 100 / May 31	8275.38
Dow Jones / May 31	38686.32
Germany DAX 30 / May 31	18497.94

Item	Value
Crude Oil USD/Barrel / May 31	76.99
Karachi Cotton PKR/37.32 KG / May 31	19935
Gold 10 Grams PKR / May 31	207219
Gold Spot USD/Ounce / May 31	2327.33
Cotton US¢/pound / May 31	75.11
Petrol/Litre / Jun 2	268.36

Stock	Price
786 Invest Ltd / Jun 2 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Jun 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Jun 2 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Jun 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Jun 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Jun 2 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Jun 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Jun 2 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Jun 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Jun 2 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Jun 2 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Jun 2 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Jun 2 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Jun 2 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Jun 2 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Jun 2 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Jun 2 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Jun 2 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Jun 2 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Jun 2 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Jun 2 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Jun 2 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Jun 2 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Jun 2 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Jun 2 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Jun 2 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Jun 2 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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