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Jun 15, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-07-01
Tokyo stocks lower

Tokyo stocks lower

Tokyo stocks closed lower Friday after big drops on overseas markets, with technology firms among those hit hardest. US and European stocks tumbled Thursday following hawkish commentary from central banks signalling an end to the loose monetary policy put
Published 01 Jul, 2017 12:00am
Indian shares up, but post first monthly loss this year

Indian shares up, but post first monthly loss this year

Indian shares erased early losses and ended higher on Friday as some consumer goods firms expected to benefit from the launch of a unified goods and services tax gained, offsetting declines in sectors such as autos that would be hit. But the indexes still
Published 01 Jul, 2017 12:00am
Wall Street hit hard as tech softness continues
Exchange

Wall Street hit hard as tech softness continues

Wall Street fell sharply on Thursday, with the S&P 500 and the Dow industrials suffering their worst daily percentage drops in about six weeks, as a recent decline in technology shares deepened and outweighed strength in bank shares. The technology sector
Published 01 Jul, 2017 12:00am
China blue-chips have best month since November

China blue-chips have best month since November

China stocks gains for a second straight week, as MSCI's decision to include mainland shares in a key index fuelled a buying spree for blue-chips, even as concerns lingered over a slowdown in the world's second largest economy. The blue-chip CSI300 index
Published 01 Jul, 2017 12:00am
Treasury yields rise

Treasury yields rise

Benchmark US Treasury yields rose to six-week highs on Thursday on the likelihood that central banks in Europe will become less accommodative, before bonds pared price losses as stocks declined. European Central Bank President Mario Draghi said on Tuesday
Published 01 Jul, 2017 12:00am
Treasury yields rise

Treasury yields rise

Benchmark US Treasury yields rose to six-week highs on Thursday on the likelihood that central banks in Europe will become less accommodative, before bonds pared price losses as stocks declined. European Central Bank President Mario Draghi said on Tuesday
Published 01 Jul, 2017 12:00am
Australian shares post biggest falls in seven months; New Zealand down

Australian shares post biggest falls in seven months; New Zealand down

Australian shares fell sharply on Friday, recording their biggest percentage fall since November 2016, following Wall Street's slump overnight. It was the Australian market's first quarterly loss in five quarters after a broad based sell-off. The S&P/ASX
Published 01 Jul, 2017 12:00am
Sri Lankan shares at 18-month high

Sri Lankan shares at 18-month high

Sri Lankan stocks rose to an 18-month high on Friday led by blue-chips as foreign buying continued, brokers said. Analysts said concerns over a proposed tax bill weighed on overall investor sentiment. The Colombo stock index ended up 0.66 percent at 6,747
Published 01 Jul, 2017 12:00am
Most Southeast Asian stocks down

Most Southeast Asian stocks down

Most Southeast Asian stock markets fell on Friday, tracking weak global peers, as a slew of hawkish comments from central banks signalled that the era of cheap money was coming to an end. Global equities took a hit after the Bank of England Governor Mark
Published 01 Jul, 2017 12:00am
Euro rises; China PMI lifts Aussie in Asia

Euro rises; China PMI lifts Aussie in Asia

The euro traded near a 14-month high on Friday and was on track for its best quarter in nearly 7 years, lifted by growing expectations that the European Central Bank is preparing to scale back its monetary stimulus. The euro has risen rapidly after Tuesda
Published 01 Jul, 2017 12:00am
Dollar racks up worst quarter in seven years in Europe
Exchange

Dollar racks up worst quarter in seven years in Europe

The dollar was on course for its worst quarter in seven years on Friday, recovering only marginally against some of its major peers after a week of hawkish central bank jawboning on inflation that has shaken currency markets. The greenback gained around 0
Published 01 Jul, 2017 12:00am
Early trade in New York: dollar recovers slightly

Early trade in New York: dollar recovers slightly

The US dollar recovered slightly on Friday but remained set for its biggest quarterly decline against a basket of rival currencies in nearly seven years after hawkish signals from foreign central banks this week pressured the greenback further.
Published 01 Jul, 2017 12:00am
Dollar downdraft persists in New York
Exchange

Dollar downdraft persists in New York

The US dollar held around a nearly 14-month low against the euro on Thursday on growing expectations of more hawkish monetary policies in Europe and Canada and on skepticism of another Federal Reserve interest rate increase this year. The euro jetted to $
Published 01 Jul, 2017 12:00am
Sri Lankan rupee ends lower

Sri Lankan rupee ends lower

The Sri Lankan rupee ended marginally lower on Friday as importer dollar demand surpassed greenback sales by exporters and banks while expectations of a rise in imports pressured the local currency, dealers said. The spot rupee, which has been trading for
Published 01 Jul, 2017 12:00am
Asian forex: yuan on track for best quarter since 2008

Asian forex: yuan on track for best quarter since 2008

China's yuan extended gains for a fourth straight session on Friday and was headed for its best quarter since June 2008, helped by a weaker dollar and better-than-expected manufacturing data. The People's Bank of China set the yuan midpoint at 6.7744 per
Published 01 Jul, 2017 12:00am
Sterling dips after UK data

Sterling dips after UK data

Sterling edged to just below $1.30 on Friday after data showed British consumers have suffered the longest decline in spending power since the 1970s, though it stayed close to a six-week high on bets for interest rate hikes in the coming months. The lates
Published 01 Jul, 2017 12:00am
Aussie soars, kiwi stays strong

Aussie soars, kiwi stays strong

The Australian dollar soared to a more than three-month peak on Friday and was set for its best weekly performance since mid-March, supported by a survey showing solid manufacturing growth in top trading partner China. A gauge of manufacturing activity in
Published 01 Jul, 2017 12:00am
Martial arts: South Korea takes fifth gold

Martial arts: South Korea takes fifth gold

Two-time Olympic gold medal winner Jade Jones of Great Britain had to settle for bronze on the final day of the 2017 World Taekwondo Championships Friday as Lee Ah-reum gave South Korea a fifth gold on home soil. In the city of Muju, 240 kilometres to the
Published 01 Jul, 2017 12:00am
Rapid-fire Goretzka puts Germany in Confederations Cup final

Rapid-fire Goretzka puts Germany in Confederations Cup final

Germany booked their place in the Confederations Cup final as Leon Goretzka scored twice in a devastating opening spell to Thursday's 4-1 semi-final win over Mexico. Attacking midfielder Goretzka ran riot in Sochi with goals on six and eight minutes befor
Published 01 Jul, 2017 12:00am
English cricket secures billion pound TV contract

English cricket secures billion pound TV contract

English cricket's finances received a major boost on Friday with a new TV contract netting the governing body the England and Wales Cricket Board (ECB) over a billion pounds. Sky Sports saw off strong competition from BT Sports for the most expensive part
Published 01 Jul, 2017 12:00am
Wozniacki douses British hopes at Eastbourne
Kerb

Wozniacki douses British hopes at Eastbourne

Caroline Wozniacki extinguished British hopes at the Eastbourne pre-Wimbledon event on Friday, knocking out Heather Watson to reach the final after a back injury forced Johanna Konta to withdraw. Seventh-ranked Konta, who suffered a nasty fall in Thursday
Published 01 Jul, 2017 12:00am
King sets American 50 breast record for US title

King sets American 50 breast record for US title

Lilly King set an American record in the 50-meter breaststroke Thursday at the US Swim Championships in Indianapolis, a qualifying meet for next month's World Championships in Budapest, Hungary. King won the final in 29.66 seconds, beating runner-up Katie
Published 01 Jul, 2017 12:00am
Football unforgiving towards mental illness, says Caulker

Football unforgiving towards mental illness, says Caulker

Football is a hard world when it comes to players admitting to mental illness, once-capped England defender Steven Caulker told The Guardian on Friday. The 25-year-old, who also played for the British team at the 2012 London Olympics, gave a frank and mov
Published 01 Jul, 2017 12:00am
Olympics chiefs insist Tokyo 2020 stadium will be ready

Olympics chiefs insist Tokyo 2020 stadium will be ready

The International Olympic Committee (IOC) insisted Friday the showpiece venue for the Tokyo 2020 Summer Games would be completed on schedule after a disastrous rollout of the initial plans. Japanese Prime Minister Shinzo Abe tore up the blueprints for the
Published 01 Jul, 2017 12:00am
Venus Williams allegedly 'at fault' in fatal car crash

Venus Williams allegedly 'at fault' in fatal car crash

Tennis star Venus Williams was "at fault" in a Florida traffic accident that resulted in the death of a 78-year-old man, police said in a report obtained Thursday by AFP. Williams, 37, slowed in the middle of an intersection when her vehicle was hit by a
Published 01 Jul, 2017 12:00am
Tottenham sign lucrative Nike kit contract

Tottenham sign lucrative Nike kit contract

Premier League runners-up Tottenham Hotspur will wear Nike kits from next season after agreeing a multi-year deal worth a reported £30million ($38.9 million, 34 million euros) per season, the club said on Friday. Spurs, who will play their home games at W
Published 01 Jul, 2017 12:00am
Zimbabwe thrash 'pathetic' Sri Lanka in one day battle

Zimbabwe thrash 'pathetic' Sri Lanka in one day battle

Solomon Mire smashed his maiden one-day century on Friday to take Zimbabwe to a historic six wicket win over Sri Lanka and pile pressure on the beleaguered Asian nation. Mire hit 112 off 96 balls as Zimbabwe reached 322-4 to pass Sri Lanka's 316-5 with mo
Published 01 Jul, 2017 12:00am
UN chief urges Cyprus leaders to strike 'historic' peace deal

UN chief urges Cyprus leaders to strike 'historic' peace deal

United Nations chief Antonio Guterres called Friday on rival Cypriot leaders to seize a "historic opportunity" to bring peace to their island, at negotiations aimed at ending its 40-year division. Cyprus is one of the world's longest-running political cri
Published 01 Jul, 2017 12:00am
Germany legalises same-sex marriage despite Merkel's objections

Germany legalises same-sex marriage despite Merkel's objections

Germany legalised same-sex marriage Friday despite the personal objections of Chancellor Angela Merkel, as the nation joined many other western democracies in granting gay and lesbian couples full rights including adoption. The election-year bill was push
Published 01 Jul, 2017 12:00am
UN agrees to draw down Darfur peacekeeping force

UN agrees to draw down Darfur peacekeeping force

The UN Security Council on Thursday agreed to a major drawdown of peacekeepers in Sudan's troubled region of Darfur after US pressure led to a $600-million cut in the UN budget for peace operations. The council unanimously adopted a British-drafted resolu
Published 01 Jul, 2017 12:00am
I still don't have a smartphone, admits EU's Juncker

I still don't have a smartphone, admits EU's Juncker

European Commission chief Jean-Claude Juncker admitted Friday that he had not yet joined the smartphone revolution, as he helped launch the EU presidency of digital-savvy Estonia. "I shouldn't say but I have to say it, I still don't have a smartphone," th
Published 01 Jul, 2017 12:00am
Trump, hosting Moon, sees 'many options' on North Korea

Trump, hosting Moon, sees 'many options' on North Korea

President Donald Trump welcomed South Korea's Moon Jae-In Friday for White House talks on how to rein in Pyongyang's nuclear and ballistic missile programs, with the leaders at odds on whether to isolate or engage the regime. "We are in the process of dis
Published 01 Jul, 2017 12:00am
Japan reveals plans to put a man on moon by 2030

Japan reveals plans to put a man on moon by 2030

Japan has revealed ambitious plans to put an astronaut on the Moon around 2030 in new proposals from the country's space agency. This is the first time the Japan Aerospace Exploration Agency (JAXA) has said it aims to send an astronaut beyond the Internat
Published 01 Jul, 2017 12:00am
German tourists wounded in Tunisia stabbing

German tourists wounded in Tunisia stabbing

A "mentally disturbed" man stabbed and wounded two German tourists on Friday in a Tunisian marketplace near the northeastern beach resort of Hammamet, the government said. The attack on a mother and her 27-year-old daughter took place in the arts and craf
Published 01 Jul, 2017 12:00am
Renovators at UK blaze tower were asked to cut costs

Renovators at UK blaze tower were asked to cut costs

Contractors working on the renovation of London's Grenfell Tower were asked by the building's managers to reduce costs, with cheaper exterior cladding suggested as one alternative, The Times reported Friday. At least 80 people were killed in the blaze tha
Published 01 Jul, 2017 12:00am
Hungary NGO hub faces closure amid government crackdown

Hungary NGO hub faces closure amid government crackdown

A major NGO centre in Budapest said Friday could be forced to close after authorities withdrew its trading licences, in what observers say is another attack on US billionaire George Soros. Set in a shabby outer district of the Hungarian capital, the Jewis
Published 01 Jul, 2017 12:00am
French political icon Simone Veil eulogised as 'best of France'

French political icon Simone Veil eulogised as 'best of France'

Simone Veil, the Auschwitz survivor who became a towering figure in French politics after legalising abortion despite fierce opposition, was hailed as "the best of France" Friday following her death at 89. Veil, a women's rights icon who served as the fir
Published 01 Jul, 2017 12:00am
Trump sows uncertainty on health care as bill teeters

Trump sows uncertainty on health care as bill teeters

US President Donald Trump, after insisting a "fantastic" health care overhaul was imminent, injected more confusion Friday by suggesting if the current Senate bill fails they should immediately repeal Obamacare and pass a replacement later. Republican lea
Published 01 Jul, 2017 12:00am
Some 60 people missing, feared drowned after boat sinks off Libya

Some 60 people missing, feared drowned after boat sinks off Libya

Some 60 people are missing and believed drowned after the dinghy they were on sank off Libya, the International Organization for Migration said Friday, citing survivor testimony. The inflatable had been carrying 140-150 people including women when it bega
Published 01 Jul, 2017 12:00am
Marine Le Pen charged over EU funding scandal

Marine Le Pen charged over EU funding scandal

French far-right leader Marine Le Pen was charged Friday over claims her party illegally claimed millions of euros from the European Parliament to pay for France-based staff. Rodolphe Bosselut said Le Pen had been summoned by investigating magistrates in
Published 01 Jul, 2017 12:00am
Zuma admits ANC damaged by corruption

Zuma admits ANC damaged by corruption

South African President Jacob Zuma admitted Friday the ruling ANC party is beset by corruption and divisions that could threaten its uninterrupted hold on power since the end of apartheid. Zuma, who has himself been at the centre of several major corrupti
Published 01 Jul, 2017 12:00am
Israeli army raids Palestinian city to remove memorial to attacker

Israeli army raids Palestinian city to remove memorial to attacker

Israeli bulldozers entered a major West Bank city to remove a memorial to a Palestinian assailant Friday, sparking clashes in which six Palestinians were wounded, the army and a local mayor said. The memorial to Khaled Nazzal, a high profile Palestinian f
Published 01 Jul, 2017 12:00am
Most jihadist attacks in West not coordinated by IS

Most jihadist attacks in West not coordinated by IS

Jihadists in Europe and the US are overwhelmingly men in their late 20s with criminal records who act independently of IS, a study of the atrocities in the West has found. The report, presented late Thursday, found that since the so-called Islamic State (
Published 01 Jul, 2017 12:00am
Moscow says 'questionable data' in chemical watchdog's Syria report

Moscow says 'questionable data' in chemical watchdog's Syria report

Russia on Friday dismissed a report by the UN's chemical weapons watchdog that sarin was used as a chemical weapon in a April 4 attack in the Syrian town of Khan Sheikhun. The United States and its allies have accused the Moscow-backed Syrian regime of be
Published 01 Jul, 2017 12:00am
Israeli plane hits Syrian army in latest Golan exchange
Exchange

Israeli plane hits Syrian army in latest Golan exchange

An Israeli warplane struck a Syrian army post on Friday, the Israeli military said, hours after stray fire from Syria's civil war hit the Israeli-occupied Golan Heights. "In response to the projectile launched earlier today at Israel from Syria, an Israel
Published 01 Jul, 2017 12:00am
Burundi king's remains reburied in Switzerland

Burundi king's remains reburied in Switzerland

After five years of legal limbo, the remains of Burundi's deposed king Mwambutsa IV, who died 40 years ago, were reburied in Switzerland on Friday. The small, intimate ceremony in a Geneva cemetery was conducted under police protection, the ATS news agenc
Published 01 Jul, 2017 12:00am
Five militants blow themselves up killing child in Lebanon

Five militants blow themselves up killing child in Lebanon

A child was killed and seven Lebanese soldiers wounded on Friday when five militants blew themselves up and a sixth threw a grenade during raids on two refugee camps near the Syrian border, the army said. The civil war, which has raged in Syria since Marc
Published 01 Jul, 2017 12:00am
Mosul victory in 'days' as IS falls back in Syria

Mosul victory in 'days' as IS falls back in Syria

Iraq will declare victory over the Islamic State group in Mosul during the "next few days," a senior commander said Friday, as the jihadists fell back in neighbouring Syria. IS, which declared a cross-border "caliphate" encompassing swathes of Iraq and Sy
Published 01 Jul, 2017 12:00am
Nisar condoles death of Mushahid's father

Nisar condoles death of Mushahid's father

Interior Minister Chaudhry Nisar Ali Khan Friday visited Senator Mushahid Hussain Sayed and expressed condolence over demise of his father Colonel (Retd) Amjad Hussain. During the visit, Chaudhry Nisar expressed grief and sorrow over the demise and prayed
Published 01 Jul, 2017 12:00am
Two cops held for misbehaving with woman

Two cops held for misbehaving with woman

Two policemen have been taken in custody on Friday for allegedly misbehaving with a woman in Khayaban-e-Shujaat, Defence Housing Authority (DHA). According to an official handout, Home Minister Sohail Anwer Sial took notice of the news that got viral afte
Published 01 Jul, 2017 12:00am
Nisar takes notice of Afghan citizen's appointment as AD

Nisar takes notice of Afghan citizen's appointment as AD

Interior Minister Chaudhry Nisar Ali Khan on Friday took notice of alleged appointment of Afghan citizen as Assistant Director in Directorate of Immigration and Passports. A spokesman of ministry of interior said the minister has taken notice of the issue
Published 01 Jul, 2017 12:00am
PHMA voices concern over constant decline in textile exports
Cotton

PHMA voices concern over constant decline in textile exports

Pakistan Hosiery Manufacturers and Exporters Association (PHMA) Chairman Adil Butt has expressed deep concern over decline in textile exports which have decreased by 1.98% during the first eleven months of the current fiscal year, widening trade deficit b
Published 01 Jul, 2017 12:00am
Sindh cabinet okays partial repeal of NAO, 1999
Cotton

Sindh cabinet okays partial repeal of NAO, 1999

The Sindh cabinet on Friday approved repeal of the National Accountability Ordinance, 1999, to the extent of its applicability to the province of Sindh and decided to introduce an amendment in the ordinance for approval by the provincial assembly. The age
Published 01 Jul, 2017 12:00am
Murderer gets death penalty

Murderer gets death penalty

Additional District and Session Judge, Shahzad Raza on Friday awarded death sentence to an accused involved in a murder case of Sahiwal police station. Court sources said that accused Wajid along with his accomplices Tehzeeb and Ismail gunned down a woman
Published 01 Jul, 2017 12:00am
JCR-VIS Credit Rating Co terms NBP as 'Stable Outlook'

JCR-VIS Credit Rating Co terms NBP as 'Stable Outlook'

JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the entity ratings of National Bank of Pakistan (NBP) at 'AAA/A-1+' (Triple A/A-One Plus) with `Stable Outlook'. The previous rating action was announced on June 28, 2016, said a news release
Published 01 Jul, 2017 12:00am
JCR-VIS Credit Rating Co terms NBP as 'Stable Outlook'

JCR-VIS Credit Rating Co terms NBP as 'Stable Outlook'

JCR-VIS Credit Rating Company Limited (JCR-VIS) has reaffirmed the entity ratings of National Bank of Pakistan (NBP) at 'AAA/A-1+' (Triple A/A-One Plus) with `Stable Outlook'. The previous rating action was announced on June 28, 2016, said a news release
Published 01 Jul, 2017 12:00am
Jirga assures support to security forces in maintaining peace

Jirga assures support to security forces in maintaining peace

A Jirga of about 150 notables, of two sects ulemas was held by Frontier Corps KP at HQ Thall Scouts, Thall on Friday. The Jirga was chaired by Commandant Thall Scouts and attended by DPO Hangu, DC Hangu and AC Thall. Speaking on the occasion, Commandant T
Published 01 Jul, 2017 12:00am
'CPEC to strengthen economy, promote industrialisation'

'CPEC to strengthen economy, promote industrialisation'

Federal Minister for Religious Affairs Sardar Muhammad Yousuf on Friday said China Pakistan Economic Corridor (CPEC) will bring massive economic opportunities besides expediting pace of economic development in the country. He said this while addressing st
Published 01 Jul, 2017 12:00am
LHC moved against Ahmadpur East incident

LHC moved against Ahmadpur East incident

Lahore High Court Chief Justice Syed Mansoor Ali Shah issued notices for July 6 in a petition seeking investigation and fixing responsibility of the Ahmadpur East incident. The petitioner also prayed to call the record of burn units in public hospitals of
Published 01 Jul, 2017 12:00am
Judges meet Jamshed Dasti in jail

Judges meet Jamshed Dasti in jail

Following the directions of Chief Justice Lahore High Court, Sessions Judge and anti-terrorism court judge on Friday visited District Jail Sargodha and met Member National Assembly (MNA) Jamshed Dasti. The judges also reviewed the progress on provision of
Published 01 Jul, 2017 12:00am
IG Sindh's powers further curtailed

IG Sindh's powers further curtailed

The rift between Inspector General Police (IGP) Sindh AD Khawaja and home department has further deepened when Sindh government has deprived off IG Sindh from transfers and appointments of the police officials. In a notification, chief secretary Sindh sai
Published 01 Jul, 2017 12:00am
17 people killed in Hub's rain-related incidents

17 people killed in Hub's rain-related incidents

At least 17 people were killed in rain-related incident in Hub area of the district while nine bodies were found. Deputy Commissioner Lasbella Mujeeb Qambrani told APP that the flash flood water accumulated near Pathar Colony, Jangi Goth, Zehri Goth and M
Published 01 Jul, 2017 12:00am
Van blaze at Shahkot: death toll rises to six

Van blaze at Shahkot: death toll rises to six

The death toll from passenger van blaze at Shahkot on Faisalabad-Shekhupura Road has reached up to six, while nine persons still admitted in Burn Unit of Allied hospital Faisalabad and three of them reported to be serious. The latest two more deaths were
Published 01 Jul, 2017 12:00am
International education moot to begin on October 5

International education moot to begin on October 5

Provincial Minister for Schools Education Rana Mashhood Ahmad has said that 2-day International Conference on Education will be held on 5th and 6th October in Lahore. Representatives of renowned development agencies and educationists from across the globe
Published 01 Jul, 2017 12:00am
LCCI for more trade with Australia

LCCI for more trade with Australia

Lahore Chamber of Commerce & Industry (LCCI) President Abdul Basit and Pakistan High Commissioner in Australia Naela Chauhan Friday in a meeting in Canberra decided to further cement trade and economic relations between Pakistan and Australia. There was a
Published 01 Jul, 2017 12:00am
PDMA Punjab in close contact with Meteorological department

PDMA Punjab in close contact with Meteorological department

Provincial Disaster Management Authority (PDMA) Punjab is in close contact with Meteorological department and getting updates regarding weather situation on daily basis. Director General PDMA Punjab Mudassar Waheed Malik said here Friday the authority is
Published 01 Jul, 2017 12:00am
Envoy stresses need for cementing economic ties between Iran & Pakistan

Envoy stresses need for cementing economic ties between Iran & Pakistan

Consul General of Iran in Lahore Muhammad Hussain Bani Asadi has called upon the business community, especially rice exporters, to play their role in further strengthening the bilateral economic relations between Iran and Pakistan. Speaking at a reception
Published 01 Jul, 2017 12:00am
Medical board rules out Dasti's claim of torture

Medical board rules out Dasti's claim of torture

Incarcerated lawmaker Jamshed Dasti, who is facing multiple criminal charges, was not subjected to physical torture, said a medical board formed by the government to examine his health in the wake of his allegations of torture and maltreatment by prison a
Published 01 Jul, 2017 12:00am
Bhalwal Industrial Estate to be declared as SEZ

Bhalwal Industrial Estate to be declared as SEZ

The Board of Investment Pakistan is set to declare the status of special economic zone for Bhalwal Industrial Estate that has become big attraction for foreign investors due to its strategic location on Lahore-Islamabad Motorway. The Punjab Industrial Est
Published 01 Jul, 2017 12:00am
'EXIM Bank Pakistan will play major role in enhancing exports'

'EXIM Bank Pakistan will play major role in enhancing exports'

EXIM (Export and Import) Bank Pakistan will play a major role in enhancing exports by providing capital at cheep and affordable markup rate, said Engineer Muhammad Saeed Sheikh, President of Faisalabad Commerce and Industry (FCCI). He said that various co
Published 01 Jul, 2017 12:00am
FCCI chief grieved over Ahmed Pur Sharqia tragedy

FCCI chief grieved over Ahmed Pur Sharqia tragedy

President Faisalabad Chamber of Commerce and Industry (FCCI) Muhammad Saeed Sheikh has express deep sense of sorrow and grief over the tragic incident of oil tanker near Ahmed Pur Sharqia in which around 180 innocent persons were burnt alive. In a stateme
Published 01 Jul, 2017 12:00am
Cylinder blasts: Government urged to ban LPG for public transport

Cylinder blasts: Government urged to ban LPG for public transport

All Pakistan CNG Association (APCNGA) has urged the government to strictly ban the use of LPG as fuel in public transport due to increasing incidents of cylinder blasts in the public transport vehicles. Ghiyas Abdullah Paracha, Central Chairman APCNGA tol
Published 01 Jul, 2017 12:00am
PFA confiscates 37,000 litres of substandard juice

PFA confiscates 37,000 litres of substandard juice

The Punjab Food Authority (PFA) confiscated 37,000 litres of substandard juice following a raid at a factory here on Friday which was producing it in the name of various brands behind the locked doors. PFA Director Operations Rafia Haider said the authori
Published 01 Jul, 2017 12:00am
Policy of balanced development under way: Shahbaz

Policy of balanced development under way: Shahbaz

Punjab Chief Minister Muhammad Shehbaz Sharif has said that the Pakistan Muslim League-N government is following the policy of balanced development and uplift of rural areas. While talking to MNA Sardar Muhammad Jaffar Khan Leghari, who belongs to Rajanpu
Published 01 Jul, 2017 12:00am
FC foils bid to blow up Jaffer Express in Mach

FC foils bid to blow up Jaffer Express in Mach

FC Balochistan on Friday foiled an attempt to blow up Jaffer Express going to Rawalpindi from Quetta in Mach. As per details, on presence of a suspicious bag on the track, FC was intimated about. The FC Balochistan while responding to the information rush
Published 01 Jul, 2017 12:00am
Jhagra takes notice of frequent outages

Jhagra takes notice of frequent outages

Governor, Khyber Pakhtunkhwa, Engineer Iqbal Zafar Jhagra while taking strong notice of the public complaints with regard to unannounced and prolonged power outages in the province has asked the PESCO authorities to take urgent measures to ease the curren
Published 01 Jul, 2017 12:00am
IGP KP suspends SDPO Pharpur, SHO Panyala

IGP KP suspends SDPO Pharpur, SHO Panyala

The Inspector General of Police (IGP) Khyber Pakhtunkhwa, Salahuddin Khan Mehsud has suspended SDPO Pharpur and SHO Panyala (D.I.Khan) who failed to keep the protesters against Wapda load shedding peaceful in the area. According to details the participant
Published 01 Jul, 2017 12:00am
Haji Arshad passes away

Haji Arshad passes away

Haji Arshad Ahmed of Farhan Hosiery breathed his last here yesterday. He was brother in law of Haji Muhammad Saleem former executive member Faisalabad Chamber of Commerce and Industry (FCCI). The funeral prayer of Haji Arshad Ahmed was offered in necropol
Published 01 Jul, 2017 12:00am
PAD launches fruit fly management project

PAD launches fruit fly management project

The Punjab Agriculture Department (PAD) has launched a project worth Rs 222.610 million for fruit fly management aimed at enhancing the production of different fruits including mangoes, citrus and guava. According to a departmental spokesman, this project
Published 01 Jul, 2017 12:00am
LHC issues notice in contempt petition

LHC issues notice in contempt petition

Lahore High Court Chief Justice Syed Mansoor Ali Shah on Friday issued notice to the secretary labour Punjab for July 14 in a contempt petition for not complying with the court order of framing policy for domestic workers. The Chief Justice also directed
Published 01 Jul, 2017 12:00am
Entire nation united against terrorism: Muqam

Entire nation united against terrorism: Muqam

Advisor to the Prime Minister and PMLN KP President, Engr Amir Muqam has said the entire nation was united against menace of terrorism and extremism in the country and would give every sacrifice for protection of motherland. In an exclusive chat with APP
Published 01 Jul, 2017 12:00am
Commission opposes five year LLB programme

Commission opposes five year LLB programme

A commission on law colleges on Friday informed the Lahore High Court that 5-year degree programme of Bachelor in Legislative Law (LLB) was a poor program and dangerous for the future of coming generations. The full bench was hearing a number of petitions
Published 01 Jul, 2017 12:00am
Lawyers to launch movement for Prime Minister's resignation

Lawyers to launch movement for Prime Minister's resignation

The lawyers fraternity is going to launch a movement against Prime Minister Nawaz Sharif to press him for resignation in the wake of Panama case with a maiden meeting of the National Action Committee convened for next week.
Published 01 Jul, 2017 12:00am
Zardari condoles

Zardari condoles

Former President of Pakistan and President Pakistan People's Party Parliamentarians Asif Ali Zardari has condoled with former federal minister Chaudhry Ahmed Mukhtar over the death of his mother. In his condolence message, he expressed his profound grief
Published 01 Jul, 2017 12:00am
Wife of Farooq Allahwala passes away

Wife of Farooq Allahwala passes away

Sister in law of Nadeem Allah Wala, former senior vice president and wife of Farooq Allahwala former executive member Faisalabad Chamber of Commerce and Industry (FCCI) has passed away after protracted illness. Her funeral procession was taken out from th
Published 01 Jul, 2017 12:00am
Rs 67 billion spent on rural roads programme: Chief Minister

Rs 67 billion spent on rural roads programme: Chief Minister

Punjab Chief Minister Muhammad Shehbaz Sharif said that Khadim-e-Punjab Rural Roads Programme has proved 'game-changer' for the promotion of rural economy. While talking to a delegation of Pakistan Muslim League-N, Shehbaz claimed that this programme is a
Published 01 Jul, 2017 12:00am
'Pakistan in dangerous zone of climate change'
Cotton

'Pakistan in dangerous zone of climate change'

Pakistan is in the dangerous zone of climate change due to multiple causes including population explosion, emission of greenhouse gases, deforestation, mass migration to cities, low technical and financial capacity and least political will to avoid its ad
Published 01 Jul, 2017 12:00am
Gandhara artefacts, sculptures on display in Korea

Gandhara artefacts, sculptures on display in Korea

Over 40 artefacts and sculptures of Gandhara art displayed in Seoul, South Korea which attracted people from around the world. A spokesman of Tourism Corporation Khyber Pakhtunkhwa (TCKP) said that Director General (DG) Archeology, Samad Khan also partici
Published 01 Jul, 2017 12:00am
Bad weather hampers search for two climbers missing on 'Killer Mountain'

Bad weather hampers search for two climbers missing on 'Killer Mountain'

The chances of survival for two climbers missing on a treacherous peak in northern area known as "Killer Mountain" have faded as bad weather hampers search and rescue efforts, police said Friday. The two climbers, Alberto Zerain, a Spanish alpinist, and M
Published 01 Jul, 2017 12:00am
'Pakistan experiencing robust growth for the last four years'

'Pakistan experiencing robust growth for the last four years'

Ambassador of Pakistan to France Moin-ul-Haque on Friday said that Pakistan is on an upward growth trajectory since last four years and experiencing robust growth since last four years. He expressed these views during his meeting with Francois Turcas, Pre
Published 01 Jul, 2017 12:00am
ADB approves $335 millions loan for Peshawar's urban transport system

ADB approves $335 millions loan for Peshawar's urban transport system

The Asian Development Bank's (ADB) Board of Directors has approved a $335 million loan to help the Government of Pakistan and Khyber Pakhtunkhwa government to develop a sustainable urban transport system in Peshawar through the creation of the city's firs
Published 01 Jul, 2017 12:00am
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