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Jun 15, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-07-29
Robust traffic helps Air France-KLM profit take off

Robust traffic helps Air France-KLM profit take off

Robust traffic and filling more seats on its planes helped Air France-KLM switch into profit in the first half of this year, the airline said Friday, a day after it announced alliances to strengthen its position in North America and Asia. A capital increa
Published 29 Jul, 2017 12:00am
Robust traffic helps Air France-KLM profit take off

Robust traffic helps Air France-KLM profit take off

Robust traffic and filling more seats on its planes helped Air France-KLM switch into profit in the first half of this year, the airline said Friday, a day after it announced alliances to strengthen its position in North America and Asia. A capital increa
Published 29 Jul, 2017 12:00am
US economy speeds up in Q2, wages continue to lag

US economy speeds up in Q2, wages continue to lag

The US economy accelerated in the second quarter as consumers ramped up spending and businesses invested more on equipment, but persistent sluggish wage gains cast a dark shadow over the growth outlook. Gross domestic product increased at a 2.6 percent an
Published 29 Jul, 2017 12:00am
Australian, New Zealand shares down

Australian, New Zealand shares down

Australian shares snapped a three-day winning streak and ended lower on Friday, as investors grew cautious ahead of upcoming earnings as well as second quarter US economic growth data. The S&P/ASX 200 index fell 1.4 percent, or 82.21 points to 5,702.8 at
Published 29 Jul, 2017 12:00am
Tokyo stocks lower

Tokyo stocks lower

Tokyo stocks closed lower Friday as the market was dragged down by disappointing earnings reports and sentiment hurt by a fall in US technology shares. The tech-heavy Nasdaq's streak of all-time high closes ended Thursday with Apple, Google-parent Alphabe
Published 29 Jul, 2017 12:00am
Tech, transports drag on Wall Street; Dow hits record
Exchange

Tech, transports drag on Wall Street; Dow hits record

A swoon in technology and transportation shares led the S&P 500 slightly lower on Thursday on a day full of corporate earnings reports, but the Dow industrials set a record closing high, helped by a jump in Verizon. The Dow Jones Transport Average, often
Published 29 Jul, 2017 12:00am
German bond yield climbs near 19 months high after inflation surprise

German bond yield climbs near 19 months high after inflation surprise

Europe's benchmark bond yield approached levels not seen since January 2016 on Friday after data showed higher-than-expected inflation in the bloc's largest economy. A preliminary reading showed Germany's year-on-year inflation at 1.5 percent in July, mat
Published 29 Jul, 2017 12:00am
German bond yield climbs near 19 months high after inflation surprise

German bond yield climbs near 19 months high after inflation surprise

Europe's benchmark bond yield approached levels not seen since January 2016 on Friday after data showed higher-than-expected inflation in the bloc's largest economy. A preliminary reading showed Germany's year-on-year inflation at 1.5 percent in July, mat
Published 29 Jul, 2017 12:00am
Hong Kong shares lower

Hong Kong shares lower

Hong Kong shares ended lower on Friday as investors took profit after strong gains earlier in the week, and following weakness overnight in US technology stocks. The Hang Seng index fell 0.6 percent, or 151.78 points, to 26,979.39 points, with losses cent
Published 29 Jul, 2017 12:00am
Treasury prices fall, yield curve steepens

Treasury prices fall, yield curve steepens

US Treasury prices fell on Thursday as the market was weighed down by government and corporate debt supply, and as investors evaluated the Federal Reserve's statement that it is closer to paring its balance sheet. The Treasury Department sold $28 billion
Published 29 Jul, 2017 12:00am
Treasury prices fall, yield curve steepens

Treasury prices fall, yield curve steepens

US Treasury prices fell on Thursday as the market was weighed down by government and corporate debt supply, and as investors evaluated the Federal Reserve's statement that it is closer to paring its balance sheet. The Treasury Department sold $28 billion
Published 29 Jul, 2017 12:00am
China stocks gain

China stocks gain

China stocks ended higher on Friday, with the Shanghai benchmark index recording the sixth consecutive week of gains, bolstered by recent solid economic data and the country's pledge to persist with supply-side reforms. The blue-chip CSI300 index rose 0.3
Published 29 Jul, 2017 12:00am
Tech and tobacco depress European shares on busy earnings day

Tech and tobacco depress European shares on busy earnings day

Drops among tech stocks, tobacco firms and banks led European shares lower on Friday as company results failed to provide support for the market. The region's tech index, the top performer so far this year, was down 1.3 percent, helping drag the pan-Europ
Published 29 Jul, 2017 12:00am
Sri Lankan shares end steady

Sri Lankan shares end steady

Sri Lankan shares ended little changed in thin trade on Friday, as gains in financials and telecom shares were offset by losses in beverage stocks, even as foreign investors continued to be net buyers. The Colombo stock index ended almost unchanged at 6,6
Published 29 Jul, 2017 12:00am
Indian shares fall

Indian shares fall

Indian shares ended lower on Friday, after hitting record highs in each of the previous four sessions, as disappointing quarterly earnings weighed on bank and pharmaceutical shares. The broader NSE index closed down 0.06 percent at 10,014.50, but was up 1
Published 29 Jul, 2017 12:00am
Cigarette stocks slump, earnings see FTSE 100 mark worst week in a month

Cigarette stocks slump, earnings see FTSE 100 mark worst week in a month

Britain's major share index posted its first weekly loss since June on Friday after a late-session slump in tobacco stocks, falls among banking stocks and a disappointing update from telecoms firm BT. The FTSE 100 ended the session 1 percent lower at 7,36
Published 29 Jul, 2017 12:00am
Dollar dips against major peers in Asia

Dollar dips against major peers in Asia

The dollar dipped against its major peers on Friday, its mild bounce earlier petering out ahead of the second quarter US economic growth data due later in the session. The dollar index against a basket of six major currencies was a shade lower at 93.826 a
Published 29 Jul, 2017 12:00am
Swiss franc set for biggest monthly drop against euro in Europe

Swiss franc set for biggest monthly drop against euro in Europe

The Swiss franc fell for a fourth consecutive day on Friday and is on track to post its biggest monthly drop in six years against the euro as some hedge funds sold the currency after it broke through major technical levels this week. The franc's drop agai
Published 29 Jul, 2017 12:00am
Early trade in New York: broadly lower as GDP data underwhelms

Early trade in New York: broadly lower as GDP data underwhelms

The US dollar was broadly lower on Friday as a combination of underwhelming US economic data and political uncertainty kept traders biased toward the euro and other world currencies. The euro hit a session high after the release of US second-quarter gross
Published 29 Jul, 2017 12:00am
Dollar bounces back in New York trade

Dollar bounces back in New York trade

The US dollar rallied on Thursday after solid US economic data, bouncing back from months- and years-long lows plumbed in early trading that followed Wednesday's Federal Reserve policy statement. Data released on Thursday showed US durable goods orders ro
Published 29 Jul, 2017 12:00am
China's yuan eases

China's yuan eases

China's yuan edged down on Friday after the central bank fixed a weaker mid-point and the dollar eased off multi-month lows, but it will likely stay under pressure on corporate dollar demand. Before the market opened, the People's Bank of China set the mi
Published 29 Jul, 2017 12:00am
Asian currencies edge down

Asian currencies edge down

Asian currencies stepped back from the previous session's highs on Friday, as investors awaited second quarter US economic growth data due later in the day. Asian currencies had rallied on Thursday after the US Federal Reserve's cautious inflation assessm
Published 29 Jul, 2017 12:00am
Sterling climbs back towards 10-month high against dollar

Sterling climbs back towards 10-month high against dollar

The pound climbed back towards its highest levels in 10 months against the dollar on Friday, boosted by hopes that Britain will exit the European Union under a transitional deal, and as the greenback fell broadly. Finance minister Philip Hammond said on F
Published 29 Jul, 2017 12:00am
Aussie, kiwi set for a third winning week

Aussie, kiwi set for a third winning week

The Australian and New Zealand dollars held near two-year peaks on Friday, on track for their third straight weekly gain as the greenback stayed saddled with a snail-paced Federal Reserve. The Australian dollar stood at $0.7962, having reached $0.8066 on
Published 29 Jul, 2017 12:00am
Neymar event off amid transfer talk

Neymar event off amid transfer talk

A promotional event in China featuring Neymar was cancelled because he and his advisers are "busy with transfer issues", organisers said, amid frenzied speculation about a record-breaking move. The Brazilian star forward, who is reportedly mulling a massi
Published 29 Jul, 2017 12:00am
Hope Junior Table Tennis from August 5

Hope Junior Table Tennis from August 5

National Hope Junior Table Tennis Championship will be organized from August 5-8, 2017 at Makan Bagh Sports Complex, Mingora Swat. According to Kifayat Ullah, Secretary, KP Table Tennis Association teams from the four provinces and all affiliated departme
Published 29 Jul, 2017 12:00am
Kimura stuns China's Zou to win WBO flyweight title

Kimura stuns China's Zou to win WBO flyweight title

Japan's unheralded Sho Kimura stunned Chinese star Zou Shiming with an 11th-round knockout that saw the part-time restaurant worker snatch the WBO world flyweight title in Shanghai on Friday. Zou burst into tears afterwards and at 36 the shock defeat coul
Published 29 Jul, 2017 12:00am
Australia cricket manager hopeful of Bangladesh visit

Australia cricket manager hopeful of Bangladesh visit

Australia's cricket authorities are hopeful that a Bangladesh tour due to start in less than a month will go ahead despite a player rebellion over pay, a senior team official said. The scheduled two-Test series has been placed in jeopardy by the long-runn
Published 29 Jul, 2017 12:00am
Kohli puts India on target for crushing win

Kohli puts India on target for crushing win

Virat Kohli and Abhinav Mukund fired quick runs off dispirited Sri Lankan bowlers on Friday to power India to a hefty second-innings lead of nearly 500 in the first Test. Skipper Kohli hit an unbeaten 76 and Mukund was out for 81 on what turned out to be
Published 29 Jul, 2017 12:00am
Farah pushes back track finish to Zurich: organisers

Farah pushes back track finish to Zurich: organisers

Four-time Olympic champion Mo Farah will delay his impending track retirement by a few days to compete at the Zurich Diamond League final, organisers said on Friday. The British five-time world champion had originally been due to bow out at home in London
Published 29 Jul, 2017 12:00am
Warner hits back in bitter Australia pay row

Warner hits back in bitter Australia pay row

Australia vice-captain Dave Warner has accused Cricket Australia of wrongly blaming players for not resolving a bitter pay dispute saga which threatens next month's Test tour to Bangladesh. CA chief executive James Sutherland upped the ante on Thursday wh
Published 29 Jul, 2017 12:00am
Manuel adds world title to Olympic crown

Manuel adds world title to Olympic crown

Simone Manuel of the United States won the women's 100m freestyle final at the world championships on Friday to add to her Olympic gold from Rio de Janeiro. Manuel touched the wall at 52.27 seconds with Sarah Sjostrom of Sweden, the world-record holder, a
Published 29 Jul, 2017 12:00am
Drained Rylov wins men's 200 metres back world gold

Drained Rylov wins men's 200 metres back world gold

Russia's Evgeny Rylov admitted he was physically spent after winning the men's 200m backstroke title at the world championships on Friday. Rylov clocked one minute, 53.61 seconds to take gold with Olympic champion Ryan Murphy of the United States second a
Published 29 Jul, 2017 12:00am
Motor racing: Le Mans giants Porsche switch to Formula E

Motor racing: Le Mans giants Porsche switch to Formula E

Porsche on Friday announced they were pulling the plug on the World Endurance Championship's top LMP1 category to focus on Formula E from 2019. The German car manufacturer's move comes weeks after they captured their 19th Le Mans 24 Hour title Porsche dir
Published 29 Jul, 2017 12:00am
Ton-up Stokes punishes South Africa in Oval Test

Ton-up Stokes punishes South Africa in Oval Test

Ben Stokes's century against a depleted South Africa attack left England in a commanding position at tea on Friday's second day of the third Test at The Oval. South Africa were 126 for eight in reply to England's first innings 353, a deficit of 227 runs,
Published 29 Jul, 2017 12:00am
Crimea brought to standstill after Russian power shutdown

Crimea brought to standstill after Russian power shutdown

The annexed Crimea peninsula was brought to a standstill for two hours Friday after a shutdown in Russia hit supplies there, officials said, the latest in a series of cuts. Russian state television reported that the outage caused havoc around the region a
Published 29 Jul, 2017 12:00am
Britain lifts laptop ban for some flights from Turkey

Britain lifts laptop ban for some flights from Turkey

Britain on Friday lifted a ban on personal electronic devices for flights from Istanbul's Sabiha Gokcen airport but will keep restrictions for Egypt, Jordan, Lebanon, Saudi Arabia, Tunisia and other Turkish hubs. Britain's transport ministry said passenge
Published 29 Jul, 2017 12:00am
Irish PM rules out economic border after Brexit

Irish PM rules out economic border after Brexit

Irish Prime Minister Leo Varadkar said Ireland would not accept an economic border with Northern Ireland after Brexit and urged Britain to come up with alternatives in an unusually blunt statement. "As far as this government is concerned there shouldn't b
Published 29 Jul, 2017 12:00am
Brexit transition could last until 2022: UK minister

Brexit transition could last until 2022: UK minister

Britain will try to keep as many aspects of its EU membership in place as possible during a transition period of up to three years after Brexit, finance minister Philip Hammond said on Friday. But Hammond told BBC radio that EU nationals would have to reg
Published 29 Jul, 2017 12:00am
Qatar refuses to 'outsource foreign policy' in Gulf crisis

Qatar refuses to 'outsource foreign policy' in Gulf crisis

Qatar refuses to bow to Saudi-led demands to "outsource" its foreign policy to resolve the Gulf crisis, its government spokesman told AFP in an interview. Sheikh Saif bin Ahmed Al-Thani, who holds ministerial rank, accused Doha's adversaries in the crisis
Published 29 Jul, 2017 12:00am
Romania blocks Russia minister plane to Moldova

Romania blocks Russia minister plane to Moldova

Romania said Friday it had blocked a Moldova-bound plane carrying Russia's deputy prime minister Dmitry Rogozin from entering its airspace because of an EU travel ban linked to sanctions over the Ukraine crisis. "We confirm that the plane was not allowed
Published 29 Jul, 2017 12:00am
54 people injured in Barcelona train crash

54 people injured in Barcelona train crash

A commuter train slammed into the end of the platform during the morning rush hour at a busy station in Barcelona on Friday, leaving 54 people injured, emergency services said. One person was seriously injured, 19 were injured "less seriously" including t
Published 29 Jul, 2017 12:00am
One dead, four wounded in Hamburg supermarket knife attack

One dead, four wounded in Hamburg supermarket knife attack

A man killed one person and wounded four others in a knife attack at a supermarket in the German city of Hamburg Friday before being detained by police. "There is no valid information yet on the motive" of the man, who "entered a supermarket and suddenly
Published 29 Jul, 2017 12:00am
Uzbekistan jails ex-president's daughter

Uzbekistan jails ex-president's daughter

Uzbekistan said Friday it has jailed the eldest daughter of late President Islam Karimov, Gulnara Karimova - once a prominent socialite, fashion designer and singer - after charging her with massive fraud and money laundering. In a statement the Uzbekista
Published 29 Jul, 2017 12:00am
Japan sanctions Chinese firms to pressure North Korea

Japan sanctions Chinese firms to pressure North Korea

Japan on Friday slapped sanctions on two Chinese firms, including a bank accused of laundering North Korean cash, amid concerns Pyongyang is prepping for another missile test, the government said. Japan has stepped up calls for further sanctions against N
Published 29 Jul, 2017 12:00am
France's only de-radicalisation centre closes its doors

France's only de-radicalisation centre closes its doors

France's first jihadist de-radicalisation centre is set to close after less than a year, the government said on Friday. The centre in Pontourny, western France, which opened in September 2016, was aimed at convincing radicalised 18 to 30-year-olds to turn
Published 29 Jul, 2017 12:00am
Japan defence chief quits

Japan defence chief quits

Japan's hawkish defence minister resigned Friday over a long-brewing scandal involving the handling of military documents, in a major political blow to Prime Minister Shinzo Abe. Abe, who has seen his popularity plummet in recent weeks over several contro
Published 29 Jul, 2017 12:00am
North Korea launches another ballistic missile: US

North Korea launches another ballistic missile: US

North Korea launched a ballistic missile Friday, the Pentagon said, just weeks after Pyongyang tested an intercontinental rocket capable of hitting parts of the United States. South Korea's military and Japanese Prime Minister Shinzo Abe also confirmed th
Published 29 Jul, 2017 12:00am
Cotton futures end steady, gain for second straight week
Cotton

Cotton futures end steady, gain for second straight week

ICE cotton futures closed nearly unchanged in light trade on Friday after hitting more than five-week highs in the previous session, posting their second straight week of gains. The December cotton contract on ICE Futures settled down 0.09 cent, or 0.13 p
Published 29 Jul, 2017 12:00am
Oil hits two-month high in strongest week of the year

Oil hits two-month high in strongest week of the year

Oil ended its strongest week this year with a surge on Friday, built on receding fears of oversupply, as US crude came within striking distance of $50 a barrel for the first time since the end of May. Traders attributed the activity to short-covering of p
Published 29 Jul, 2017 12:00am
Nickel rises, copper down
Exchange

Nickel rises, copper down

Nickel prices hit a 3-1/2 month peak on Friday as investors shifted from zinc after a build-up in zinc inventories indicated that shortages had eased. Rising physical demand from top consumer China also helped lift nickel. Both metals are mainly used in t
Published 29 Jul, 2017 12:00am
Gold climbs in Europe
Exchange

Gold climbs in Europe

Gold prices rose to a six-week high on Friday after weaker than expected US inflation dampened expectations that the US Federal Reserve will aggressively raise interest rates. Data on US second quarter gross domestic product (GDP) and labour costs also pu
Published 29 Jul, 2017 12:00am
US MIDDAY: gold hits six-week high

US MIDDAY: gold hits six-week high

Gold prices rose to a six-week high on Friday after weaker than expected US inflation dampened expectations that the US Federal Reserve will aggressively raise interest rates and North Korea fired a ballistic missile, triggering safe-haven buying. Data on
Published 29 Jul, 2017 12:00am
The text of judgement
Exchange

The text of judgement

JUDGEMENT This judgment is in continuation of our judgments dated 20.04.2017 in Constitution Petitions No. 29, 30 of 2016 and Constitution Petition No. 03 of 2017 which ended up in the following order of the Court :
Published 29 Jul, 2017 12:00am
The text of judgement
Exchange

The text of judgement

JUDGEMENT This judgment is in continuation of our judgments dated 20.04.2017 in Constitution Petitions No. 29, 30 of 2016 and Constitution Petition No. 03 of 2017 which ended up in the following order of the Court :
Published 29 Jul, 2017 12:00am
Sindh PA's briefest session

Sindh PA's briefest session

The Sindh Assembly on Friday stood just for two minutes, as Speaker, Aga Siraj Durrani adjourned the sitting till Monday morning for 'short' attendance of legislators. The sitting that was rescheduled from 10 am to 3 pm poorly failed to attract the legisl
Published 29 Jul, 2017 12:00am
Graduation ceremony held at SAFTS

Graduation ceremony held at SAFTS

In line with its vision of setting the highest standards of professionalism in the local aviation industry, the first batch of commercial pilots graduated from Shaheen Air Flying Training School (SAFTS) in a ceremony held in Faisalabad. The first batch co
Published 29 Jul, 2017 12:00am
PSX stock brokers elect office-bearers

PSX stock brokers elect office-bearers

In accordance with Articles of the Memorandum and Articles of Association of "PSX Stockbrokers Association,", Annual General Meeting was held on Thursday July 27, 2017. The General Body approved the report about the activities and Financial Statement of t
Published 29 Jul, 2017 12:00am
PIA inducts 12th Boeing 777 aircraft

PIA inducts 12th Boeing 777 aircraft

Pakistan International Airlines (PIA) has inducted 12th Boeing 777 aircraft in its fleet on the other day. According to details, the aircraft has been obtained on Dry lease for a period of six years from Ireland based leasing company Macquarie. With the i
Published 29 Jul, 2017 12:00am
LUMHS organises walk to mark 'World Hepatitis Day'

LUMHS organises walk to mark 'World Hepatitis Day'

To mark the World Hepatitis Day, which falls on 28th July each year, the Department of Medicine and Gastroenterology Liaquat University of Medical & Health Sciences (LUMHS) Jamshoro arranged a "Public Awareness Walk" followed by a Seminar at LUMHS Jamshor
Published 29 Jul, 2017 12:00am
'Dates Show' held in Gwadar
Exchange

'Dates Show' held in Gwadar

Trade Development Authority of Pakistan (TDAP) has organized a first ever Date Show and Seminar in Gwadar. The objective is to provide technical awareness on Dates Sector of Balochistan to growers and to promote export of dates from Balochistan. Baluchist
Published 29 Jul, 2017 12:00am
Ontex invests over $18 million in last five years

Ontex invests over $18 million in last five years

Ontex has invested over $18m in the last five years in its Pakistan operations, making it the first multinational company in the baby diapers category to establish a local manufacturing facility in Pakistan. While briefing a group of journalists during th
Published 29 Jul, 2017 12:00am
Dewan Motors, JS Bank gifts BMW to Sarfraz

Dewan Motors, JS Bank gifts BMW to Sarfraz

Dewan Motors and JS Bank take immense pleasure in presenting the all-new BMW X1, Sport Activity Vehicle to our national hero Sarfraz Ahmed, Captain of the Pakistan Cricket Team. "On behalf of our Chairman, Dewan Yousuf Farooqui and our CEo, Nabiha D Yousu
Published 29 Jul, 2017 12:00am
PDP-BJP pursuing RSS's agenda in IHK

PDP-BJP pursuing RSS's agenda in IHK

The civil society and business community have said that the Peoples Democratic Party- Bharatiya Janata Party (PDP-BJP) regime is leaving no stone unturned to fulfill the agenda of extremist Hindu organization, Rashtriya Swayamsevak Sangh (RSS) in the terr
Published 29 Jul, 2017 12:00am
50 percent oil tankers sans safety measures: Khaqan

50 percent oil tankers sans safety measures: Khaqan

Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi on Friday said that 50 percent of oil tankers lack minimum safety measures and quality standards which are posing serious hazards and threats to the precious lives of civilian. He w
Published 29 Jul, 2017 12:00am
APAT chief slams Dar

APAT chief slams Dar

The All Pakistan Anjuman-e-Tajran has welcomed the Supreme Court's decision in the Panama case, saying it has proved that Finance Minister Ishaq Dar is a 'thief' of the national kitty. Talking to Business Recorder, President All Pakistan Anjuman-e-Tajran
Published 29 Jul, 2017 12:00am
KP business community demands incentives to meet CPEC's challenges

KP business community demands incentives to meet CPEC's challenges

Members of business community in Khyber Pakhtunkhwa have sought the level playing field and equal incentives to harvest the benefits of the China-Pakistan Economic Corridor. They also called to formulate a solid strategy to protect indigenous industry and
Published 29 Jul, 2017 12:00am
Workshop on ECEL held at Quaid-e-Azam Academy

Workshop on ECEL held at Quaid-e-Azam Academy

The two days Interactive workshop on Early Childhood Experiential Learning (ECEL) in collaboration with Punjab Education Foundation (PEF) and UNICEF was held in Quaid-e-Azam Academy for Education Department (formerly Directorate for Staff Development) wit
Published 29 Jul, 2017 12:00am
Awareness walk to mark 'World Hepatitis Day' held

Awareness walk to mark 'World Hepatitis Day' held

Under the arrangements of District Health Authority an awareness walk held in connection with World Hepatitis Day to raise awareness and understanding of viral hepatitis and its complication among public. Deputy Commissioner Salman Ghani led the walk. CEO
Published 29 Jul, 2017 12:00am
Neelum Jhelum project to be completed soon

Neelum Jhelum project to be completed soon

The strategically important Neelum Jhelum Hydropower Project (NJHP) is fast heading towards its completion and it is scheduled to start electricity generation with commissioning of its first generating unit by February 2018. NJHP Board of Management (BoM)
Published 29 Jul, 2017 12:00am
Post-verdict issues: Biggest challenge for Nawaz to keep PML-N intact

Post-verdict issues: Biggest challenge for Nawaz to keep PML-N intact

After disqualification of Prime Minister Nawaz Sharif by the Supreme Court, the biggest challenge for him is to keep the Pakistan Muslim League-Nawaz (PML-N) intact. Political analysts believe that after disqualification of Nawaz Sharif by the apex court,
Published 29 Jul, 2017 12:00am
Punjab plans to set up 1200 megawatt gas power plant

Punjab plans to set up 1200 megawatt gas power plant

The Punjab government has decided to establish a new gas power plant of 1200-megawatt capacity to meet future energy needs. A high-level meeting was held here on Saturday with Punjab Chief Minister Muhammad Shehbaz Sharif in the chair. During the meeting,
Published 29 Jul, 2017 12:00am
PPP Lahore hails SC's decision

PPP Lahore hails SC's decision

PPP Lahore President Aziz-ur-Rehman Chan has welcomed Supreme Court verdict, saying that the ruling party should accept it without excuse. He said the apex court verdict has proved that the disqualification of a Prime Minister Nawaz Sharif has posed no th
Published 29 Jul, 2017 12:00am
Panama Papers case: Shujaat terms SC's verdict 'historic'

Panama Papers case: Shujaat terms SC's verdict 'historic'

Welcoming the decision of Supreme Court (SC) in Panama case, Pakistan Muslim League-Q (PML-Q) President Chaudhry Shujat Hussain has termed decision of the Supreme Court in Panama case as historic saying the entire nation should be proud of its apex court.
Published 29 Jul, 2017 12:00am
Pakistan, Russia agree to push rice trade on mega level

Pakistan, Russia agree to push rice trade on mega level

Igor Kolesov, Head of Business Club, Organizational Department, Moscow, and Guard Agricultural Research & Services have agreed to push rice trade between the two countries on mega level in future. He also announced that Russian inspectors will soon visit
Published 29 Jul, 2017 12:00am
PML-N workers express anger over SC verdict
Exchange

PML-N workers express anger over SC verdict

After the historic verdict announced by Supreme Court against the sitting prime minister, supporters of the Pakistan Muslim League-Nawaz (PML-N) took to the streets to protest in Multan. They wore black armbands and burnt tyres at Chowk Kutchehry disrupti
Published 29 Jul, 2017 12:00am
Ustad Mehr Ali, Sher Ali paid tributes

Ustad Mehr Ali, Sher Ali paid tributes

Renowned artists paid rich tributes to the well known Qawals Ustad Mehr Ali Khan and Ustad Sher Ali Khan in a book launching ceremony held here at a local hotel. The ceremony was presided over by known Sufi leader Hazrat Khawja Ghulam Qutubud Din Faridi o
Published 29 Jul, 2017 12:00am
Swabi based SMEs asked to benefit from ERKF project

Swabi based SMEs asked to benefit from ERKF project

Provincial Chief/General Manager Out-Reach (GMOR), Small and Medium Enterprises Development Authority (SMEDA), Javed Iqbal Khattak has said that first phase of the Economic Revitalization of Khyber Pakhtunkhwa and FATA (ERKF) has been completed successful
Published 29 Jul, 2017 12:00am
PKLI to start functioning this year: minister

PKLI to start functioning this year: minister

Punjab Minister for Specialized Healthcare and Medical Education Khawaja Salman Rafique has said that first phase of 100-bed Pakistan Kidney, Liver & Research Institute (PKLI) will start functioning by the end of this year. He was speaking at a seminar co
Published 29 Jul, 2017 12:00am
Musharraf welcomes SC verdict

Musharraf welcomes SC verdict

Former President Pervez Musharraf on Friday welcomed and supported the Supreme Court verdict to disqualify Nawaz Sharif and called for his punishment. "The court has delivered a bold decision which is based on justice," Musharraf said in a video message p
Published 29 Jul, 2017 12:00am
KP minister terms SC's decision a 'victory of justice'

KP minister terms SC's decision a 'victory of justice'

Khyber Pakhtunkhwa Minister for Information and Public Health Shah Farman on Friday termed Supreme Court's decision in Panama case as victory of "Justice" and said it would bring real change in the country. In a statement issued here he said that it was f
Published 29 Jul, 2017 12:00am
Workshop on 'Safe charity practices' held

Workshop on 'Safe charity practices' held

In the wake of growing threats of terrorism in the country, it is the prime responsibility of every citizen to be vigilant before giving charity so it may not end up in wrong hands, said participants of a workshop on Friday. While speaking at a training s
Published 29 Jul, 2017 12:00am
Activists demand early approval of transgender protection policy

Activists demand early approval of transgender protection policy

Political activists, members of the provincial assembly and political party representatives on Friday called on provincial government to consider the human rights of transgender and intersex people as the provincial protection policy awaits approval of th
Published 29 Jul, 2017 12:00am
Three members of a family killed in Mohmand Agency

Three members of a family killed in Mohmand Agency

Unknown miscreants gunned down three members of a family including a woman in the Shani Khel village of Haleemzai tehsil of Mohmand agency. Local residents and local administration told that the unknown miscreants entered a house of one Sadiq Khan at midn
Published 29 Jul, 2017 12:00am
Multi-storey building: UET Peshawar to conduct first large scale test

Multi-storey building: UET Peshawar to conduct first large scale test

The first large scale test on multi-storey reinforced concrete building will be conducted under the supervision of Dr Khan Shahzada, Associate Professor Civil Engineering Department, supervisor of PhD Engineering student Syed Azmat and co-supervised by Dr
Published 29 Jul, 2017 12:00am
NUST initiates coaching programme for Fata students

NUST initiates coaching programme for Fata students

In continuation of its efforts to bring students from the underprivileged areas into the mainstream of education, National University of Sciences and Technology (NUST) has initiated a coaching program for the intermediate students from the Federally Admin
Published 29 Jul, 2017 12:00am
Sherpao hails Panama case verdict as 'historic'

Sherpao hails Panama case verdict as 'historic'

Qaumi Watan Party's Chairman Aftab Ahmad Khan said on Friday that apex court verdict on the Panama case was a historical judgment and all people should accept it that this had changed the political course of history and the political process should contin
Published 29 Jul, 2017 12:00am
TDAP assures support to hosiery manufacturers

TDAP assures support to hosiery manufacturers

Trade Development Authority of Pakistan (TDAP) will extend support to Pakistan Knitwear Training Institute (PKTI) in their efforts to upgrade and repair the dilapidated condition of PKTI building so that the skilled labour could be provided to knitwear se
Published 29 Jul, 2017 12:00am
Chinese agriculture scientists meet VC UAF
Exchange

Chinese agriculture scientists meet VC UAF

The value addition to date production will help the country get heavy foreign exchange, said University of Agriculture Faisalabad Vice Chancellor Professor Dr Iqrar Ahmad Khan. Coconut Research Institute Chinese Academy of Tropical Agriculture Sciences de
Published 29 Jul, 2017 12:00am
Political temperature stays cool in Lahore

Political temperature stays cool in Lahore

Political temperature in Sharif family's stronghold and the provincial capital Lahore remained conspicuously cool and normal after Supreme Court's unanimous and stunning verdict disqualifying Nawaz Sharif to hold public office under Article 62 (1)(F) and
Published 29 Jul, 2017 12:00am
Nawaz will come back with a big mandate: Marriyum

Nawaz will come back with a big mandate: Marriyum

Despite disqualification for life, former state minister for information Marriyum Aurangzeb on Friday claimed that Nawaz Sharif would come back with higher mandate and greater force to become the prime minister for yet another term. Talking to journalists
Published 29 Jul, 2017 12:00am
FBR issues IT return form's draft for AoPs

FBR issues IT return form's draft for AoPs

The Federal Board of Revenue (FBR) has issued draft income tax return form for Association of Persons (AoPs) for Tax Year 2017. In this regard, the FBR has issued SRO.708(I)/2017 here on Friday. The draft will be taken into consideration by the FBR within
Published 29 Jul, 2017 12:00am
PBEA for accountability of all segments of society

PBEA for accountability of all segments of society

Shabir Ahmed, Patron in Chief, Pakistan Bedwear Exporters Association has urged for accountability for all segments of the society to bring the country on right track. While commenting on the Panama Case verdict, he said the judgment had confirmed that th
Published 29 Jul, 2017 12:00am
Indigenously-built 'PNS Himmat' commissioned in Pakistan Navy

Indigenously-built 'PNS Himmat' commissioned in Pakistan Navy

Commissioning and induction ceremony of Fast Attack Craft (Missile) PNS HIMMAT built at Karachi Shipyard & Engineering Works Limited (KS&EW) for Pakistan Navy, was held at Pakistan Navy Dockyard Karachi. Admiral Muhammad Zakaullah, Chief of the Naval Staf
Published 29 Jul, 2017 12:00am
Maryam confident of Nawaz's 'resounding return' in 2018 elections

Maryam confident of Nawaz's 'resounding return' in 2018 elections

Deploring the Supreme Court's verdict in the Panamagate case, Nawaz Sharif's daughter Maryam Nawaz on Friday said its 'also' unprecedented that Pakistan Muslim League-Nawaz (PML-N) is still united and unfazed in wake of the apex court's disqualification j
Published 29 Jul, 2017 12:00am
SC verdict will help curb corruption in the country: Bilawal

SC verdict will help curb corruption in the country: Bilawal

Pakistan Peoples Party (PPP) chairman Bilawal Bhutto-Zardari on Friday said that Supreme Court's verdict to disqualify Nawaz Sharif from premiership would help curbing corruption on a higher level in the country. Addressing a press conference here he said
Published 29 Jul, 2017 12:00am
Shireen Mazari barred from entering SC

Shireen Mazari barred from entering SC

Pakistan Tehreek-e-Insaf (PTI) leader Shireen Mazari on Friday was barred from entering the Supreme Court (SC) for not carrying entry pass. On the occasion, Shireen Mazari said that her name is on the list but the security personnel are not letting her en
Published 29 Jul, 2017 12:00am
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