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May 22, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2018-06-01
Early trade in New York: dollar vulnerable as Italy crisis cools

Early trade in New York: dollar vulnerable as Italy crisis cools

The US dollar was pushed lower on Thursday as the euro rallied on news that Italian parties made last-ditch efforts to form a government and avert snap elections, going some way toward easing concerns about a political crisis in the euro zone's third-larg
Published 01 Jun, 2018 12:00am
Dollar falls, euro recovers in New York

Dollar falls, euro recovers in New York

The euro on Wednesday recorded its second-biggest daily rise against the dollar this year following reports that Italy's biggest party would make a renewed attempt to form a coalition government and end months of political turmoil. A source close to 5-Sta
Published 01 Jun, 2018 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 83.70-83.70 (Previous 83.70-83.70).
Published 01 Jun, 2018 12:00am
Sri Lankan rupee hits record low
Currency

Sri Lankan rupee hits record low

The Sri Lankan rupee touched a record closing low on Thursday on strong dollar demand from foreign banks and importers while exporters stayed on the sidelines expecting the rupee to weaken further in line with other emerging market currencies. The spot ru
Published 01 Jun, 2018 12:00am
Most Asian currencies rise

Most Asian currencies rise

Most Asian currencies recovered on Thursday as the dollar dipped and the euro gained after news that Italy's political turmoil may be easing with the resumption of coalition talks between anti-establishment parties. Global sentiment was battered on Wednes
Published 01 Jun, 2018 12:00am
Yuan springs back
Currency

Yuan springs back

China's yuan rebounded against the dollar on Thursday, snapping four days of losses helped by firmer official guidance and as the greenback retreated on easing concerns over Italy's political crisis. The Chinese currency, however, remains on course for it
Published 01 Jun, 2018 12:00am
Sterling edges higher on dollar weakness

Sterling edges higher on dollar weakness

Sterling rose above $1.33 on Thursday as the dollar fell across the board, with traders identifying little in the way of UK-specific drivers as worries about an Italian political crisis and new US trade tariffs dominated market trading.
Published 01 Jun, 2018 12:00am
Turkish lira recovery stalls
Currency

Turkish lira recovery stalls

Turkey's lira stalled in its recovery on Thursday, backtracking after three straight days of advances against the dollar, as investors looked ahead to inflation data next week that could boost expectations of another rate hike. The lira's rare recovery th
Published 01 Jun, 2018 12:00am
Aussie, kiwi rebound from lows
Currency

Aussie, kiwi rebound from lows

The Australian dollar bounced off key chart support on Thursday but stayed trapped in a narrow band, while its New Zealand counterpart hovered near a three-week top as global risk appetite improved amid signs of easing political turmoil in Italy. The Aust
Published 01 Jun, 2018 12:00am
Dubai and Saudi bourses lead Gulf gains, Egypt sinks

Dubai and Saudi bourses lead Gulf gains, Egypt sinks

Gulf markets mostly gained on Thursday, led by Dubai, which was carried upward by renewed buying of shares in heavyweight Dubai Islamic Bank (DIB) , and Saudi Arabia. The Dubai index closed up 1.9 percent, with gains led by a 5.9 percent spike in DIB shar
Published 01 Jun, 2018 12:00am
Hong Kong shares rise

Hong Kong shares rise

Hong Kong shares rose on Thursday, aided by strong China manufacturing data, while worries over Italy cooled. The Hang Seng index rose +1.4 percent, to 30,468.56, while the China Enterprises Index gained +1.8 percent, to 11,978.30 points. China's vast man
Published 01 Jun, 2018 12:00am
Tokyo stocks higher on bargain-hunting

Tokyo stocks higher on bargain-hunting

Tokyo stocks gained ground Thursday on bargain-hunting, rebounding from the previous day's losses that were driven by worries over Italian political turmoil. The benchmark Nikkei 225 index rose 0.83 percent, or 183.30 points, to 22,201.82 while the broade
Published 01 Jun, 2018 12:00am
Wall Street rebounds as Italy worries ease

Wall Street rebounds as Italy worries ease

US stocks ended higher on Wednesday, and the S&P 500 and Dow registered their biggest daily percentage gains since May 4, on signs of easing political turmoil in Italy and as a surge in oil prices boosted energy stocks. The S&P 500's gains erased the loss
Published 01 Jun, 2018 12:00am
Australian shares up; New Zealand posts bumper month

Australian shares up; New Zealand posts bumper month

Australian shares rode broad-based gains led by materials stocks to close higher on Thursday, tracking a global rally in equities as Italy's political turmoil receded, but health stocks were hit by US President Donald Trump's talk of "voluntary massive dr
Published 01 Jun, 2018 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Wednesday, reversing sharp losses the previous session fuelled by the Italian political crisis, as financial markets stabilized after Italy sought to end its turmoil with a plan for a new government. US benchmark 10-year yields,
Published 01 Jun, 2018 12:00am
Treasury yields rise

Treasury yields rise

US Treasury yields rose on Wednesday, reversing sharp losses the previous session fuelled by the Italian political crisis, as financial markets stabilized after Italy sought to end its turmoil with a plan for a new government. US benchmark 10-year yields,
Published 01 Jun, 2018 12:00am
Indian shares rise
Currency

Indian shares rise

Indian shares rose more than 1 percent on Thursday and posted their highest close in two weeks, with financials such as HDFC Bank Ltd accounting for about two-thirds of the gains, ahead of key economic growth data later in the day. Gross domestic product
Published 01 Jun, 2018 12:00am
China stocks rebound

China stocks rebound

China stocks rebounded on Thursday, encouraged by strong data that helped ease concerns about an economic slowdown amid trade tensions and as worries over Italy cooled, while MSCI's inclusion of Chinese shares in its global indexes from Friday also booste
Published 01 Jun, 2018 12:00am
European shares fall on trade tensions, Deutsche troubles

European shares fall on trade tensions, Deutsche troubles

European shares fell on Thursday as trade war concerns weighed and Deutsche Bank tumbled to a record low after a report the US Fed last year deemed its US operations as troubled. Germany's DAX was the worst performer among the main country indexes, down 1
Published 01 Jun, 2018 12:00am
Sri Lankan shares fall

Sri Lankan shares fall

Sri Lankan shares fell for a fourth straight session on Thursday and posted their lowest close in five months, dragged by conglomerate John Keells Holdings Plc on foreign investor selling. Foreign investors sold shares of John Keells following reports tha
Published 01 Jun, 2018 12:00am
Southeast Asia markets gain as Italy concerns wane

Southeast Asia markets gain as Italy concerns wane

Most Southeast Asian stock markets closed higher on Thursday, with Vietnam gaining nearly 2.5 percent, as the political turmoil in Italy that roiled global financial markets showed signs of easing. A degree of calm returned with the two anti-establishment
Published 01 Jun, 2018 12:00am
FTSE 100 down but ends May with biggest gain in Europe

FTSE 100 down but ends May with biggest gain in Europe

Britain's top share index ended May as the month's best-performing major European index, shrugging off worries over a political crisis in Italy as commodities-related stocks rallied. The blue chip FTSE 100 index ended the day down 0.2 percent at 7,678.2 p
Published 01 Jun, 2018 12:00am
China factory activity rises at fastest pace in eight months

China factory activity rises at fastest pace in eight months

Activity in China's factories expanded at its fastest pace for eight months in May, official data showed Thursday, as demand at home and overseas improved despite brewing trade tensions with the United States. The purchasing managers index came in at 51.9
Published 01 Jun, 2018 12:00am
China lowers tariffs, rejects US trade war escalation

China lowers tariffs, rejects US trade war escalation

China said Thursday it wanted to avoid an escalation of trade tensions with the United States, as the two sides held new talks and Beijing decided to lower some tariffs. The overture came two days after the White House said its planned trade sanctions aga
Published 01 Jun, 2018 12:00am
US consumer spending accelerates; job market strengthening

US consumer spending accelerates; job market strengthening

US consumer spending posted its biggest gain in five months in April, a further sign that economic growth was regaining momentum early in the second quarter, while inflation continued to rise steadily. Other data on Thursday showed a bigger-than-expected
Published 01 Jun, 2018 12:00am
India's annual growth slows to 6.7 percent
Currency

India's annual growth slows to 6.7 percent

India's growth expanded to 7.7 percent in the fourth quarter of the financial year, official data showed Thursday, as Asia's third-largest economy continues to recover from the fallout of several disruptive economic initiatives.
Published 01 Jun, 2018 12:00am
EU hands Macron modest eurozone budget bid
Currency

EU hands Macron modest eurozone budget bid

The EU on Thursday unveiled a modest plan to answer French President Emmanuel Macron's ambitious call for a eurozone-wide budget. The proposal is nevertheless likely to face strong reservations from Germany and richer EU countries such as the Netherlands,
Published 01 Jun, 2018 12:00am
WTO chief agrees on need to reform organization

WTO chief agrees on need to reform organization

The head of the World Trade Organization agreed Thursday with a call from French President Emmanuel Macron for reform, saying he saw a need to "strengthen" the body and "make it more effective". WTO Director-General Roberto Azevedo has in recent months wa
Published 01 Jun, 2018 12:00am
Eurozone inflation leaps higher delivering 'headache' to ECB
Currency

Eurozone inflation leaps higher delivering 'headache' to ECB

Inflation in the eurozone leaped to the ECB's target in May, data showed on Thursday, fuelled by a huge increase in oil prices as the US decided to pull out of a nuclear deal with Iran. The EU's statistics authority, Eurostat, said inflation in the eurozo
Published 01 Jun, 2018 12:00am
UAE sentences prominent activist to decade in jail

UAE sentences prominent activist to decade in jail

An Emirati court has sentenced an award-winning human rights activist to 10 years in prison for insulting the state, pro-government media and rights groups reported Thursday. Amnesty International said Ahmed Mansoor was fined one million dirhams ($272,245
Published 01 Jun, 2018 12:00am
Trump awaits Kim letter as nuclear talks make progress

Trump awaits Kim letter as nuclear talks make progress

President Donald Trump said Thursday he expects a letter from Kim Jong Un confirming plans for their historic nuclear summit, as their top envoys thrashed out details at New York talks. As Secretary of State Mike Pompeo held talks in a New York apartment
Published 01 Jun, 2018 12:00am
Brazil strikes recede, but now government has to pay

Brazil strikes recede, but now government has to pay

Brazilian oil workers called off a three-day strike Thursday, bringing relief to state energy giant Petrobras and the embattled center-right government, still reeling from a truckers' strike that brought Latin America's biggest economy to a standstill. Br
Published 01 Jun, 2018 12:00am
UN plane crashes in DRC injuring five

UN plane crashes in DRC injuring five

Five people were injured when a small plane operated by the UN's humanitarian air service overturned on the runway in the Democratic Republic of Congo on Wednesday, the organisation said. The accident happened during take off on a remote runway in Kamonia
Published 01 Jun, 2018 12:00am
Protests paralyse top Johannesburg hospital

Protests paralyse top Johannesburg hospital

One of South Africa's largest hospitals on Thursday was barricaded and protesting workers set car tyres on fire blocking ambulance access, creating chaos for patients and reportedly disrupting operations. More than 100 support staff stopped work to demand
Published 01 Jun, 2018 12:00am
Denmark bans Islamic full-face veil in public spaces

Denmark bans Islamic full-face veil in public spaces

Denmark on Thursday became the latest European country to ban the Islamic full-face veil in public spaces in a move slammed by human rights campaigners as "a violation of women's rights". "Anyone who wears a garment that hides the face in public will be p
Published 01 Jun, 2018 12:00am
Assad threatens force against US-backed Kurds

Assad threatens force against US-backed Kurds

Syrian President Bashar al-Assad has warned US-backed Kurdish forces he would not hesitate to use force to retake the third of the country they control. "The only problem left in Syria is the SDF," Assad told Russia Today in an interview aired Thursday, r
Published 01 Jun, 2018 12:00am
China rejects US accusations it seeks hegemony in Asia

China rejects US accusations it seeks hegemony in Asia

China on Thursday rejected accusations from top US officials that it seeks hegemony in Asia and is pushing militarisation in the South China Sea. Outgoing US Navy Admiral Harry Harris, set to become Washington's ambassador in South Korea, had said Wednesd
Published 01 Jun, 2018 12:00am
Spanish PM faces defeat in no-confidence motion

Spanish PM faces defeat in no-confidence motion

Spanish Prime Minister Mariano Rajoy is poised to be ousted from office after a Basque party on Thursday gave its decisive support to a no-confidence motion over a corruption case, making it all but certain to succeed. Bar any last minute u-turns, this wi
Published 01 Jun, 2018 12:00am
Nato tells Russia to stop meddling, in first talks since Skripal case

Nato tells Russia to stop meddling, in first talks since Skripal case

Nato told Russia to put a stop to its "malign activities" against the alliance as the two sides met Thursday for their first political talks since the nerve agent attack on a former Kremlin double agent in Britain. The 29 members of the US-led alliance de
Published 01 Jun, 2018 12:00am
Zinc dips as inventories rise, China data lifts other metals

Zinc dips as inventories rise, China data lifts other metals

Zinc slipped on Thursday after inventories rose, indicating supplies were healthy. Aluminium gained after the United States imposed tariffs, while other metals were supported by strong manufacturing data in top metals consumer China.
Published 01 Jun, 2018 12:00am
US oil output jumps to record 10.47m bpd in March

US oil output jumps to record 10.47m bpd in March

US crude oil production jumped 215,000 barrels per day (bpd) to 10.47 million bpd in March, the highest on record, the Energy Information Administration (EIA) said in a monthly report on Thursday. Production in Texas rose by 4 percent to almost 4.2 millio
Published 01 Jun, 2018 12:00am
US crude tumbles, widening Brent's premium to three-year high

US crude tumbles, widening Brent's premium to three-year high

US oil fell nearly 2 percent on Thursday, despite a larger-than-expected decline in US crude inventories, while global benchmark Brent was little changed, pushing the spread between the two to its widest in more than three years. US crude stockpiles fell
Published 01 Jun, 2018 12:00am
Rubber falls

Rubber falls

Benchmark Tokyo rubber futures slid after edging up in early trade on Thursday, as trade tensions between China and the United States lingered. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for rubber prices in Southeast Asia, followed loss
Published 01 Jun, 2018 12:00am
Palm oil benchmark futures fall
Vegetable Oil

Palm oil benchmark futures fall

Malaysian palm oil benchmark futures fell on Thursday as a weak demand outlook continued to put pressure on prices of the vegetable oil. The palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was down 0.45 percent to 2,429 ri
Published 01 Jun, 2018 12:00am
New York cocoa at seven-week low; coffee, sugar at multimonth highs

New York cocoa at seven-week low; coffee, sugar at multimonth highs

New York cocoa futures fell to the lowest level in more than seven weeks on Thursday, pressured by speculative selling and waves of automatic sell orders, while the spot contract made its biggest monthly drop in more than two years. Meanwhile, coffee and
Published 01 Jun, 2018 12:00am
Gold moves up in NY

Gold moves up in NY

Gold prices edged higher on Wednesday as the dollar wilted after US data showed the US economy slowed slightly more than initially expected in the first quarter while political uncertainty lingered in Italy. US gross domestic product increased at a 2.2 pe
Published 01 Jun, 2018 12:00am
Gold rises in Asia

Gold rises in Asia

Gold prices rose on Thursday, as the dollar eased from 6-1/2-month highs hit earlier this week, with prices further supported by concerns over US-China trade.Spot gold rose 0.4 percent to $1,305.87 per ounce by 0652 GMT, but was down 0.7 percent for the m
Published 01 Jun, 2018 12:00am
Gold gains in Europe

Gold gains in Europe

Gold prices edged up on Thursday as a dollar rally came off the boil, though upside momentum in the precious metal, seen as a safe haven asset, was capped by an easing of political tensions in Italy. Italy's two anti-establishment parties have renewed att
Published 01 Jun, 2018 12:00am
US MIDDAY: soyabeans lower

US MIDDAY: soyabeans lower

US soyabean futures fell Thursday on worries about global trade tensions, analysts said, while wheat and corn firmed on bargain-buying and fears of tightening global supplies. As of 12:23 p.m. CDT (1723 GMT), Chicago Board of Trade July soyabeans were dow
Published 01 Jun, 2018 12:00am
US MIDDAY: gold flat

US MIDDAY: gold flat

Gold prices were flat on Thursday even though the US dollar rally lost steam, as safe haven bids for bullion declined after political tensions in Italy eased, which also lifted the euro. "The situation in Italy is fading. We're not seeing much of a safe h
Published 01 Jun, 2018 12:00am
Work on all CPEC projects ahead of schedule: PM

Work on all CPEC projects ahead of schedule: PM

Prime Minister Shahid Khaqan Abbasi on Thursday said that work on all projects related to China-Pakistan Economic Corridor (CPEC), including the western route, is ahead of the schedule, which would play pivotal role in the socio-economic development, once
Published 01 Jun, 2018 12:00am
To the people of Punjab

To the people of Punjab

Today, I look back at my abruptly terminated first term as your Chief Minister in 1997-1999, followed by over one year in various prisons across Pakistan, until I was 'forced' against my will to board an aircraft into exile.
Published 01 Jun, 2018 12:00am
LHC to set up model family & civil appellate courts

LHC to set up model family & civil appellate courts

Expanding the project of model courts further, the Chief Justice Lahore High Court has decided to establish model family and civil appellate courts in all the 32 districts in Punjab excluding Muzaffargarh, Jhelum, Rawalpindi and Bahawalnagar. Model sessio
Published 01 Jun, 2018 12:00am
Beyond entitlement: CJP orders to impound government vehicles

Beyond entitlement: CJP orders to impound government vehicles

The Supreme Court of Pakistan on Tuesday ordered confiscation of all government vehicles given to ministers and government officials without official entitlement. A three-member bench headed by Chief Justice of Pakistan Mian Saqib Nisar passed this order
Published 01 Jun, 2018 12:00am
First-ever 'Punjab IT Policy 2018' approved

First-ever 'Punjab IT Policy 2018' approved

The Province of the Punjab's first ever IT Policy 2018 premised upon five pillars include support to the industry, bridging the digital divide, e-governance, citizen centric services and entrepreneurship was approved by the Provincial Cabinet in its last
Published 01 Jun, 2018 12:00am
First-ever 'Punjab IT Policy 2018' approved

First-ever 'Punjab IT Policy 2018' approved

The Province of the Punjab's first ever IT Policy 2018 premised upon five pillars include support to the industry, bridging the digital divide, e-governance, citizen centric services and entrepreneurship was approved by the Provincial Cabinet in its last
Published 01 Jun, 2018 12:00am
CM inaugurates sports complex in Kasur

CM inaugurates sports complex in Kasur

Punjab Chief Minister Shahbaz Sharif on Thursday inaugurated the Shahbaz Sharif Sports Complex in Kasur. He inspected various sections and talked to hockey players. Talking on the occasion, the Chief Minister said that hockey and cricket stadiums and Kabb
Published 01 Jun, 2018 12:00am
Dengue effectively controlled, claims minister

Dengue effectively controlled, claims minister

Provincial Minister for Specialized Healthcare and Medical Education Kh Salman Rafiq has said the issue of dengue was effectively controlled due to strong commitment of the political leadership and continued hard work of the public sector departments. In
Published 01 Jun, 2018 12:00am
Punjab made tremendous economic development: WB official

Punjab made tremendous economic development: WB official

A delegation of World Bank, led by Country Director South Asia Region Patchamuthu Illangovan called on Punjab Chief Minister Shahbaz Sharif, here on Thursday and discussed ongoing programmes aimed at social sector improvement came under discussion.
Published 01 Jun, 2018 12:00am
Rice growers advised for sowing approved varieties

Rice growers advised for sowing approved varieties

The Punjab Agriculture Department (PAD) has advised the rice growers to sow approved varieties Irri-6, KS-282, KSK-133, KSK-434, Nayyab Irri-9, Nayyab 2013 till June 07 to get maximum yield. In an advisory issued here on Thursday, a spokesman of the depar
Published 01 Jun, 2018 12:00am
Delay in elections not good omen politically: Shahbaz

Delay in elections not good omen politically: Shahbaz

Punjab Chief Minister Muhammad Shahbaz Sharif Thursday said that resolution of Balochistan Assembly asking for postponing the general elections is not a "good omen politically." While talking to a delegation of the Lahore Press Club (LPC), which led by it
Published 01 Jun, 2018 12:00am
FCCI hails PM's Export Package extension

FCCI hails PM's Export Package extension

Faisalabad Chamber of Commerce & Industry (FCCI) has welcomed the extension in Prime Minister Export Package for next three years, saying it will help in bridging gap between imports and exports which is a prerequisite to further strengthen the national e
Published 01 Jun, 2018 12:00am
Delimitation of constituencies: IHC turns down 23 petitions

Delimitation of constituencies: IHC turns down 23 petitions

The Islamabad High Court (IHC) on Thursday turned down 23 petitions against delimitation of constituencies from different districts all over Pakistan while nullified the delimitation of district Kharan.
Published 01 Jun, 2018 12:00am
Dastgir casts doubts on US war against Terrorism

Dastgir casts doubts on US war against Terrorism

Foreign Minister Khurram Dastgir Khan on Thursday cast doubts on the US war against terrorism, saying Washington stopped supporting Islamabad when decisive counterterrorism operations were launched against the terrorists in the country after 2014.
Published 01 Jun, 2018 12:00am
Provisional collection exceeds Rs 3.27 trillion

Provisional collection exceeds Rs 3.27 trillion

The Federal Board of Revenue (FBR) has provisionally collected over Rs 3,274 billion during July-May (2017-18) and the Board is now required to collect Rs 661 billion in June 2018 to meet the annual revised target of Rs 3,935 billion.
Published 01 Jun, 2018 12:00am
Heat wave set to strike Punjab, upper Sindh

Heat wave set to strike Punjab, upper Sindh

Intense heat weaves are expected to grip the most parts of the country with temperature surpassing over 40 degrees Celsius in the next five days, the Met Office has said. However, the sizzling hot weather is now likely to subside gradually in Karachi with
Published 01 Jun, 2018 12:00am
SEP intends to buy 66.4 percent share of Abraaj in KE

SEP intends to buy 66.4 percent share of Abraaj in KE

The Shanghai Electric Power Company Ltd (SEP) has reportedly indicated it would purchase 66.4 percent share of Abraaj Group in K-Electric through a Dubai-based Special Purpose Vehicle (SPV), well-informed sources told Business Recorder.
Published 01 Jun, 2018 12:00am
SC cancels bail of blind man

SC cancels bail of blind man

The Supreme Court on Thursday cancelled bail of a blind man, who is accused of firing at a girl in the jurisdiction of Rawalpindi's Waris Khan police station last year, and directed police to arrest him. A three-member bench comprising Justice Mushir Alam
Published 01 Jun, 2018 12:00am
Violence against women: Call for strict implementation of laws in KP

Violence against women: Call for strict implementation of laws in KP

Representatives of civil society organisations have demanded the strict implementation of laws to end the growing gender-based violence against women in the province. Speaking at a news conference at Peshawar Press Club on Thursday, Qamar Naseem, Programm
Published 01 Jun, 2018 12:00am
RD on export of copper scrap a serious budget anomaly: OASIS

RD on export of copper scrap a serious budget anomaly: OASIS

The Federal Board of Revenue (FBR) has created a major budget anomaly by partially imposing 25 percent regulatory duty on export of only waste and scrap of copper (excluding brass), resulting in severe shortage of brass in domestic market.
Published 01 Jun, 2018 12:00am
PSRA launches crackdown on private schools

PSRA launches crackdown on private schools

Private Schools Regulatory Authority (PSRA) Khyber Pakthunkhwa on Thursday launched crackdown against schools charging additional fees from students and closed down several schools at University Town, Dalazak Road and Faqirabad locality.
Published 01 Jun, 2018 12:00am
Modern facilitation centre inaugurated in Islamabad

Modern facilitation centre inaugurated in Islamabad

Minister for Interior Ahsan Iqbal has inaugurated the modern facilitation centre here at sector F-6/1 from where vehicles, driving licences as well as other police verification reports and the copies of first information reports (FIRs) lodged at police st
Published 01 Jun, 2018 12:00am
Tariq Banuri takes charge of HEC chairperson

Tariq Banuri takes charge of HEC chairperson

Dr Tariq Banuri has taken the charge of chairperson of the Higher Education Commission (HEC). The newly appointed chairperson was welcomed by Dr Arshad Ali, Executive Director, HEC, senior management and employees of HEC.
Published 01 Jun, 2018 12:00am
SECP signs MoU with Pakistan-China Institute

SECP signs MoU with Pakistan-China Institute

The Securities and Exchange Commission of Pakistan (SECP) and the Pakistan-China Institute (PCI) signed an MoU at the SECP head office. Shauzab Ali, Commissioner, Investor Education and International Relations, SECP and Mustafa Hyder Sayed, Executive Dire
Published 01 Jun, 2018 12:00am
Federal government accounts: AGP recovers embezzled Rs 330 billion

Federal government accounts: AGP recovers embezzled Rs 330 billion

The Department of Auditor General of Pakistan (AGP) on the directives of Public Accounts Committee (PAC) has recovered an amount of Rs 330 billion during 2013-18 out of irregularities amounting to Rs 8.276 trillion in the accounts of the federal governmen
Published 01 Jun, 2018 12:00am
Protest against killing of Charanjeet held

Protest against killing of Charanjeet held

Members of Sikh Community and civil society on Thursday staged a protest demonstration outside local press club here against the killing of Sardar Charanjeet Singh, who was gunned down by unknown armed persons in Peshawar on Tuesday (May 29).
Published 01 Jun, 2018 12:00am
Pakistani prisoner passes away in Jakarta

Pakistani prisoner passes away in Jakarta

Zulfiqar Ali, a Pakistani prisoner on a death row in Indonesia, passed away in Jakarta. Zulfiqar Ali was arrested by the Indonesian police in 2004 and convicted by a lower court in 2005. His appeal against the sentence was rejected by the Supreme Court of
Published 01 Jun, 2018 12:00am
'Trade opportunities far better than ever before'

'Trade opportunities far better than ever before'

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said the number of tourists is increasing significantly, opportunities of trade and industry are far better at present than ever before.
Published 01 Jun, 2018 12:00am
'World No Tobacco Day' marked

'World No Tobacco Day' marked

The menace of tobacco engulfs 7 million lives annually including 165,000 in Pakistan. Ironically, however, tobacco is still accepted as a norm in our society. World No Tobacco Day is a stark reminder for all of us that we are lagging behind the rest of th
Published 01 Jun, 2018 12:00am
Forced disappearances: SBC to go on strike today

Forced disappearances: SBC to go on strike today

Sindh Bar Council has announced to go on strike on Friday (today) against the forced disappearances and delay in the recovery of missing person in the country. The decision of strike was taken at a joint meeting of lawyer associations led by Sindh Bar Cou
Published 01 Jun, 2018 12:00am
Resuming Cathay Pacific Airlines proposed

Resuming Cathay Pacific Airlines proposed

Pak-China Joint Chamber of Commerce and Industry (PCJCCI) President SM Naveed, in a meeting with the Chinese Ambassador Yao Jing has proposed to restart the operations of Cathay Pacific Airlines which was ceased in 2014.
Published 01 Jun, 2018 12:00am
SBP's forex reserves further decline

SBP's forex reserves further decline

The State Bank of Pakistan's foreign exchange reserve further declined by $286 million during last week. According to weekly foreign exchange reserves report issued Thursday, the country's total liquid forex reserves stood at $16.407 billion as on May 25,
Published 01 Jun, 2018 12:00am
Nisar expresses surprise over Shahbaz's statement

Nisar expresses surprise over Shahbaz's statement

Former Interior Minister Chaudhry Nisar Ali Khan Thursday sharply reacted to remarks attributed to him by PML-N President Shahbaz Sharif and expressed surprise over the statement against him. The estranged PML-N leader, through a statement, responded to S
Published 01 Jun, 2018 12:00am
SC seeks cost, contract details of Nandipur Power Project

SC seeks cost, contract details of Nandipur Power Project

The three-member bench led by Chief Justice of Pakistan Mian Saqib Nisar while proceeding with Nandipur Power Project sought comprehensive details regarding the cost and contract made with a Chinese company. The court barred the posting of Wapda officials
Published 01 Jun, 2018 12:00am
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