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Apr 28, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-05-03
Diamonds bought with stolen 1MDB money to be handed to US

Diamonds bought with stolen 1MDB money to be handed to US

Diamond jewellery worth $1.7 million, allegedly bought by a Malaysian financier for his mother with money stolen from scandal-hit fund 1MDB, will be handed over to the US government, a report said Thursday. Billions of dollars were allegedly pilfered from
Published 03 May, 2019 12:00am
Lloyds bank cautions on Brexit as profits climb

Lloyds bank cautions on Brexit as profits climb

Britain's state-rescued Lloyds Banking Group on Thursday logged rising first-quarter net profits but warned on the impact Brexit could have on the nation's economy. Profits after tax rose two percent to £1.2 billion ($1.6 billion, 1.4 billion euros) in th
Published 03 May, 2019 12:00am
Aussie banks earmark billions to repay customers

Aussie banks earmark billions to repay customers

Australia's big banks - once among the world's most profitable - are being forced to amass war chests worth billions of dollars to reimburse customers for years of dodgy fees. Industry heavyweight the National Australia Bank on Thursday became the latest
Published 03 May, 2019 12:00am
France and Germany power up electric battery alliance

France and Germany power up electric battery alliance

France and Germany on Thursday unveiled a multibillion-euro alliance to develop next-generation batteries for electric vehicles, hoping to break the grip Asian producers have on a vital component for European carmakers as they shift away from combustion m
Published 03 May, 2019 12:00am
Shareholders rebuke UBS management following French fine

Shareholders rebuke UBS management following French fine

UBS shareholders on Thursday dealt the bank's directors and executives a rare rebuke, refusing to release them from personal liability over a massive fine imposed by France earlier this year, in a signal of deep investor frustration. The so-called dischar
Published 03 May, 2019 12:00am
Rick Perry says US gas more reliable for Europe than Russia's

Rick Perry says US gas more reliable for Europe than Russia's

US Energy Secretary Rick Perry on Thursday pitched American liquified natural gas exports to Europe as more reliable than Russia's, even if they are more expensive. Gas exports from the United States to the EU have surged since European Commission Preside
Published 03 May, 2019 12:00am
Shell profit edges higher

Shell profit edges higher

Energy giant Royal Dutch Shell on Thursday said its net profit edged higher to $6 billion in the first quarter, with gains capped by cooler oil prices and a dip in production. Profit after tax climbed two percent compared with the first three months of 20
Published 03 May, 2019 12:00am
Shell profit edges higher

Shell profit edges higher

Energy giant Royal Dutch Shell on Thursday said its net profit edged higher to $6 billion in the first quarter, with gains capped by cooler oil prices and a dip in production. Profit after tax climbed two percent compared with the first three months of 20
Published 03 May, 2019 12:00am
Volkswagen dodges weak auto market to accelerate in Q1

Volkswagen dodges weak auto market to accelerate in Q1

German car behemoth Volkswagen on Thursday reported a slip in profits in the first quarter, but defied a soft patch in the global car market with rising revenues. Net profits at the group fell 7.5 percent between January and March, to just over three bill
Published 03 May, 2019 12:00am
US Q1 productivity strongest since 2014, labour costs subdued

US Q1 productivity strongest since 2014, labour costs subdued

US worker productivity increased at its fastest pace in more than four years in the first quarter, depressing labour costs and suggesting inflation could remain benign for a while. The report from the Labour Department on Thursday came on the heels of dat
Published 03 May, 2019 12:00am
Magical Messi double leaves Liverpool on the brink

Magical Messi double leaves Liverpool on the brink

Lionel Messi left Liverpool needing a miracle to reach their second Champions League final in as many years as his brace helped Barcelona win a pulsating Champions League semi-final first leg 3-0 on Wednesday. Barca have one foot in next month's final ahe
Published 03 May, 2019 12:00am
Hamid leaves for ITF U-14 series in Uzbekistan

Hamid leaves for ITF U-14 series in Uzbekistan

Pakistan's promising Hamid Israr after giving matchless performance in the Division-B Circuit, took berth into International Tennis Federation (ITF) Under-14 Development Series to be commencing from May 4 at Uzbekistan. Hamid Israr is the only Pakistani p
Published 03 May, 2019 12:00am
Physical disability cricket team for World Series named

Physical disability cricket team for World Series named

Pakistan Disabled Cricket Association (PDCA) on Thursday announced 15-member Pakistan physical disability cricket team to feature in Physical Disability World Series being played in Worcestershire, England from August 5 to 13. On behalf of Iqbal Imam, chi
Published 03 May, 2019 12:00am
Rafum Punjab Junior Tennis Championship begins

Rafum Punjab Junior Tennis Championship begins

The Rafum Punjab Junior Tennis Championship 2019 will get underway here at Punjab Tennis Academy Bagh-e-Jinnah from Friday (today). PLTA Secretary Rashid Malik said that the players from all corners of Punjab will take part in the championship. "To give m
Published 03 May, 2019 12:00am
Warm welcome to KP gold medal winning team

Warm welcome to KP gold medal winning team

Secretary Pakistan Archery Federation Muhammad Wisal Khan warmly received and garlanded the Khyber Pakhtunkhwa archery team soon after arrival at Qayyum Sports Complex here on Thursday. Team coach and head of the first Archery Academy situated in Pakistan
Published 03 May, 2019 12:00am
Babar century lifts Pakistan in tour stroll

Babar century lifts Pakistan in tour stroll

Pakistan opener Babar Azam smashed his first Twenty20 hundred to inspire his country's 58-run win over Leicestershire in a tour match on Wednesday. Azam hit two sixes and 13 fours in his 63-ball innings of 101 at Grace Road. He put on an opening stand of
Published 03 May, 2019 12:00am
Finch tips fired-up Warner to dominate

Finch tips fired-up Warner to dominate

Australia captain Aaron Finch believes David Warner will enter this year's World Cup desperate to prove himself as the disgraced batsman prepares to rejoin his teammates after a ball-tampering ban. Warner has been in red-hot form in the India Premier Leag
Published 03 May, 2019 12:00am
Morgan slams Hales's disregard of team values

Morgan slams Hales's disregard of team values

England captain Eoin Morgan has accused disgraced Alex Hales of "complete disregard" for team values following the Nottinghamshire batsman's exile from the tournament hosts ' World Cup squad. Hales was dropped from all England squads, including the provis
Published 03 May, 2019 12:00am
Lebanese pound is and will remain stable: central bank

Lebanese pound is and will remain stable: central bank

The Lebanese pound is stable and will remain so, central bank Governor Riad Salameh said on Thursday after meeting President Michel Aoun, according to a statement sent by the Lebanese Presidency. "The Lebanese lira (pound) is stable and will remain stable
Published 03 May, 2019 12:00am
Dollar consolidates in Asia
Currency

Dollar consolidates in Asia

The dollar was content to consolidate in Asia on Thursday after recovering from a brief spill overnight when markets were whipsawed by mixed messages on policy from the Federal Reserve. Trading ranges were again tight with both Japan and China on holiday
Published 03 May, 2019 12:00am
Dollar falls in Europe
Currency

Dollar falls in Europe

The dollar resumed its decline on Thursday, shrugging off Fed Chair Jerome Powell's relatively confident comments on the US economy as survey figures suggested fears of a broadening economic weakness in Europe could be exaggerated.
Published 03 May, 2019 12:00am
Early trade in New York: Dollar rises against most currencies
Currency

Early trade in New York: Dollar rises against most currencies

The dollar gained against most currencies on Thursday as traders pared their bets of an interest rate cut from the Federal Reserve following Fed Chairman Jerome Powell's comment about US inflation. The pound slipped after the Bank of England lifted its gr
Published 03 May, 2019 12:00am
Dollar rises against currencies basket in New York

Dollar rises against currencies basket in New York

The dollar rose against a basket of other currencies on Wednesday as US Federal Reserve Chairman Jerome Powell said the central bank's current policy stance is appropriate, reducing expectations for a rate cut. The greenback rebounded from earlier losses
Published 03 May, 2019 12:00am
Aussie, kiwi up

Aussie, kiwi up

The Australian and New Zealand dollars crawled higher on Thursday, trying to recoup losses suffered after the US Federal Reserve said a pullback in inflation was temporary and there was no need for lower interest rates. The Aussie dollar nudged up to $0.7
Published 03 May, 2019 12:00am
Asia forex trading light; South Korean won up

Asia forex trading light; South Korean won up

The South Korean won strengthened sharply on Thursday while trading remained light across Asia, with the Federal Reserve signalling no appetite to adjust US rates any time soon and two pivotal Asian markets - China and Japan - shut for holidays.
Published 03 May, 2019 12:00am
Latam FX weaken

Latam FX weaken

Latin American currencies softened against a solid US dollar on Thursday, a day after the US Federal Reserve kept interest rates steady and its Chair Jerome Powell said policymakers saw no strong reason to raise or lower rates.
Published 03 May, 2019 12:00am
Sterling slips
Currency

Sterling slips

Sterling slipped from a two-week high on Thursday after the Bank of England lifted its growth forecasts but warned Brexit continued to cloud the outlook for monetary policy. The BoE voted unanimously to keep interest rates steady at 0.75 percent but stuck
Published 03 May, 2019 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,792. The traded value of Metals, Energy and COTS/FX was recorded at PKR 11.035 billion and the number of lots traded 16,923. Major business was contributed by NSDQ100 a
Published 03 May, 2019 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell on Wednesday to fresh contract lows, pressured by a lack of progress in resolving a trade dispute with China and weakness in soy markets. Technical selling added further pressure to canola, a trader said. The Canadian gove
Published 03 May, 2019 12:00am
CBOT soyabean futures fall to contract lows

CBOT soyabean futures fall to contract lows

Chicago Board of Trade soyabean futures fell to contract lows for a third straight day on Wednesday, pressured by weak US exports and plentiful global supplies of the oilseed. Rainy weather around the US Midwest is delaying corn seeding and potentially sh
Published 03 May, 2019 12:00am
Asia's naphtha falls

Asia's naphtha falls

Asia's naphtha crack ended the month at a two-week low of $48.70 a tonne on the back of muted demand ahead of Labour Day while gasoline fell to a two-session low of $6.66 a barrel. Spot premiums were however comparatively stronger last week versus the wee
Published 03 May, 2019 12:00am
CBOT corn futures jump

CBOT corn futures jump

Chicago Board of Trade (CBOT) corn futures jumped on Wednesday as rains throughout the US Midwest and forecasts for more rain over the next two weeks fuelled worries about delayed spring planting, traders said. Short-covering also lifted futures. Commodit
Published 03 May, 2019 12:00am
European wheat prices touch new contract lows
Currency

European wheat prices touch new contract lows

European wheat prices touched new contract lows on Tuesday, pressured by a sharp fall on US markets after better than expected crop ratings and a stronger euro against the dollar. New crop September milling wheat on Paris-based Euronext was down 1 percent
Published 03 May, 2019 12:00am
CBOT wheat futures rise

CBOT wheat futures rise

US wheat futures ended higher on Wednesday in a short-covering recovery following several days of contract lows in both spring and winter wheat futures. Commodity funds hold a massive net short position in wheat futures markets, leaving them susceptible t
Published 03 May, 2019 12:00am
China's iron ore marks fifth monthly gain

China's iron ore marks fifth monthly gain

China's iron ore futures rose on Tuesday and posted their fifth straight monthly gain, while construction steel marked its best month since July 2018, buoyed by hopes that demand will remain firm after the Labour Day holidays. Declining iron ore and steel
Published 03 May, 2019 12:00am
Activities at Karachi and Qasim Ports

Activities at Karachi and Qasim Ports

The Karachi Port handled 171,240 tonnes of cargo comprising 129,381 tonnes of import cargo and 41,859 tonnes of export cargo including 11,104 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargos of
Published 03 May, 2019 12:00am
Cotton spot rate falls ahead of PCGA report
Cotton

Cotton spot rate falls ahead of PCGA report

The official spot rate failed to halt further slide on the cotton market on Thursday ahead of the Pakistan Cotton Ginners Association (PCGA), dealers said. The official spot rate dropped by Rs 50 to Rs 8900, they added.
Published 03 May, 2019 12:00am
Asia's crude oil imports from Iran rise to eight-month high

Asia's crude oil imports from Iran rise to eight-month high

Asia's crude oil imports from Iran rose to the highest in eight months in March as buyers rushed for more cargoes to take advantage of waivers to the sanctions the United States imposed, data from government and trade sources showed on Thursday. Asia's to
Published 03 May, 2019 12:00am
Maduro exhorts Venezuela military to fight 'any coup' as deaths rise

Maduro exhorts Venezuela military to fight 'any coup' as deaths rise

Venezuelan President Nicolas Maduro on Thursday called on the armed forces to oppose "any coup plotter" after a failed military uprising by forces supporting opposition leader Juan Guaido left four protesters dead following two days of clashes.
Published 03 May, 2019 12:00am
Cyprus justice minister resigns over serial killings

Cyprus justice minister resigns over serial killings

Cyprus Justice Minister Ionas Nicolaou said he resigned on Thursday after a public outcry over the botched response to the serial killing of seven foreign women and girls. Nicolaou said he tendered his resignation to President Nicos Anastasiades for reaso
Published 03 May, 2019 12:00am
Sri Lanka arrests Reuters journalist

Sri Lanka arrests Reuters journalist

Sri Lankan police arrested a Reuters news agency journalist Thursday while he was covering the aftermath of Easter bombings and remanded him in custody for two weeks on a charge of trespassing, officials said. New Delhi-based photographer Danish Siddiqui
Published 03 May, 2019 12:00am
Sexual assault increased in US military in 2018

Sexual assault increased in US military in 2018

Acting Defense Secretary Patrick Shanahan called for tougher action against sexual assault in the US military Thursday after an annual Pentagon report said the number of assaults in 2018 had risen from recent years. Sexual assaults reported by Defense Dep
Published 03 May, 2019 12:00am
Missile contracts surge as US exits arms treaty

Missile contracts surge as US exits arms treaty

Washington has signed more than $1 billion in new missile contracts in the three months since it announced plans to withdraw from a key Cold War-era arms treaty, campaigners said Thursday. "The withdrawal from the INF Treaty has fired the starting pistol
Published 03 May, 2019 12:00am
Senate upholds Trump veto of bill to end US support in Yemen war

Senate upholds Trump veto of bill to end US support in Yemen war

President Donald Trump's embattled Yemen policy received a lifeline Thursday as the US Senate failed to override his veto of a measure that would end American support for the Saudi-led coalition in a country devastated by war.
Published 03 May, 2019 12:00am
Mali parties sign governance accord

Mali parties sign governance accord

Mali's new Prime Minister Boubou Cisse signed an accord with opposition and majority parties in Bamako Thursday that paved the way for the formation of a new government. Cisse's predecessor Soumeylou Boubeye Maiga resigned on April 18 with his entire cabi
Published 03 May, 2019 12:00am
Voters oust criminal MP in UK first

Voters oust criminal MP in UK first

Voters in eastern England will elect a new member of parliament next month after ejecting the incumbent in the first move of its kind, it was announced Thursday. Fiona Onasanya lost her seat after voters in the city of Peterborough signed a recall petitio
Published 03 May, 2019 12:00am
Carnival sued in US over seized property in Cuba, in a first

Carnival sued in US over seized property in Cuba, in a first

Carnival, the US cruise line, was sued Thursday over its use of port facilities in Cuba seized after the 1959 revolution, in the first such action under a previously unenforced US law. President Donald Trump's administration announced last month it would
Published 03 May, 2019 12:00am
Zinc hits 1-1/2 months low, other metals recover

Zinc hits 1-1/2 months low, other metals recover

Zinc prices hit their lowest since mid-March on worries about global demand and as inventories climbed, but other metals were supported by hopes that a US-China trade deal would be agreed. Investors have been worried after data on Tuesday showed factory g
Published 03 May, 2019 12:00am
Oil drops 3 percent on oversupply worries

Oil drops 3 percent on oversupply worries

Oil plunged Thursday, with US crude dropping more than 3 percent as the market grappled with oversupply fears as increased US sanctions on Iran had more incremental impact than expected and US crude oil inventories rose sharply. US crude was down $2.24, o
Published 03 May, 2019 12:00am
Malaysian palm oil falls 3 percent

Malaysian palm oil falls 3 percent

Malaysian palm oil futures fell nearly 4 percent on Thursday evening to their lowest in almost five months, weighed down by weakness in US soyaoil prices on the Chicago Board of Trade and weak demand sentiment. The benchmark palm oil contract for July del
Published 03 May, 2019 12:00am
Gold slumps in Europe

Gold slumps in Europe

Gold prices slumped to an over four-month low on Thursday after the US Federal Open Market Committee (FOMC) axed any hopes for a rate cut in the near term, subduing demand for the non-interest bearing bullion.
Published 03 May, 2019 12:00am
US MIDDAY: soyabeans post new low

US MIDDAY: soyabeans post new low

US soyabean futures posted contract lows for a fourth straight session on Thursday after weak US Department of Agriculture (USDA) export sales data and amid ongoing concerns that rain-delayed corn sowing would increase soya plantings.
Published 03 May, 2019 12:00am
US MIDDAY: gold drops to 4-month low

US MIDDAY: gold drops to 4-month low

Gold prices slumped to an over four-month low on Thursday after the US Federal Open Market Committee (FOMC) axed any hopes for a rate cut in the near term, subduing demand for the non-interest bearing bullion.
Published 03 May, 2019 12:00am
State of media

State of media

Pakistan Press Foundation (PPF) has investigated over 200 cases of murdered media workers and determined that 48 were deliberately targeted and murdered for their work from 2002 to present. Another 24 were killed while on assignments but not targeted duri
Published 03 May, 2019 12:00am
Child health: USAID-funded digital system launched in Punjab

Child health: USAID-funded digital system launched in Punjab

New software and a related mobile app developed with support from the United States Agency for International Development (USAID) will strengthen the maternal and child health sector in Punjab by digitizing the reporting, processing, and archiving of healt
Published 03 May, 2019 12:00am
Financial literacy a must to boost capital market: Shafqat
Mutual Funds

Financial literacy a must to boost capital market: Shafqat

Federal Education Minister Shafqat Mahmood Thursday conveyed to the financial sector and the Securities and Exchange Commission of Pakistan (SECP) that corporate regulatory body has to play a major role in creating financial literacy among masses to attra
Published 03 May, 2019 12:00am
Zubaida represents Pakistan at IDEF-2019

Zubaida represents Pakistan at IDEF-2019

Minister for Defence Production Zubaida Jalal Khan on Thursday represented Pakistan at the opening session of the four-day 14th International Defence Industry Fair 2019 in Turkey. Turkish President Recep Tayyip Erdogan inaugurated the fair. IDEF 2019 is b
Published 03 May, 2019 12:00am
Seminar on Allama Iqbal's ideology held at UAF

Seminar on Allama Iqbal's ideology held at UAF

Experts at a seminar held at University of Agriculture Faisalabad on Thursday said that the ideology of Khudi has given a message of exploring inner capabilities, self-reliance, self-esteem, and excellence.
Published 03 May, 2019 12:00am
PTI firmly believes in freedom of expression: CM

PTI firmly believes in freedom of expression: CM

Felicitating the Prime Minister and the whole nation on laying the foundation stone of Mohmand Dam Hydropower Project, Punjab Chief Minister Sardar Usman Buzdar said this dam will be a milestone in national development.
Published 03 May, 2019 12:00am
Experts for improving civic space in interest of economy, human rights

Experts for improving civic space in interest of economy, human rights

A research study "Defining National Interest in Human Development" authored by Dr Qais Aslam and Peter Jacob, assessing the impact of Pakistan's INGOs/NGOs regulation Policy in the Economic, Developmental and Relational Markers was launched at the auspice
Published 03 May, 2019 12:00am
SMEDA draft reviewed for new SME Policy 2019

SMEDA draft reviewed for new SME Policy 2019

The National Steering Committee on SME Policy reviewed a draft developed by Small and Medium Enterprises Development Authority (SMEDA) for the new "SME Policy 2019" at a meeting presided over by Advisor to Prime Minister on Commerce, Textile, Industries &
Published 03 May, 2019 12:00am
Jallianwala Bagh massacre's documents

Jallianwala Bagh massacre's documents

On the centenary of Jallianwala Bagh massacre, the archives department of Punjab government has put on display the official government documents about the massacre at an exhibition at the Government College University, Lahore.
Published 03 May, 2019 12:00am
Partly Facetious : PM speaks about inflation

Partly Facetious : PM speaks about inflation

"The Khan was comparing the average inflation rate during the first ten months of the current year with the average of the first year of the Zardari led government and the first year of the Dar led years."
Published 03 May, 2019 12:00am
Pakistan, China sign space exploration accord

Pakistan, China sign space exploration accord

A newly signed space exploration agreement between China and Pakistan on manned space missions manifests their more profound cooperation on the peaceful use of outer space, experts said. The agreement, marking that cooperation between the two neighbours i
Published 03 May, 2019 12:00am
PM attends sports festival in Tirah valley

PM attends sports festival in Tirah valley

Prime Minister Imran Khan on Thursday attended 'Bagh-e-Aman Mela' a sports festival organised under the auspices of the Pakistan Army in Tirah valley in Khyber Pakhtunkhwa.
Published 03 May, 2019 12:00am
IsDB team meets Hafeez

IsDB team meets Hafeez

An Islamic Development Bank (IsDB) delegation, led by President Dr Bandar M H Hajjar, called on Adviser to Prime Minister on Finance, Revenue and Economic Affairs, Dr Abdul Hafeez Shaikh. The meeting was preceded by signing of grant agreements for "Operat
Published 03 May, 2019 12:00am
Pakistan, US hold consultations under TIFA

Pakistan, US hold consultations under TIFA

As part of ongoing efforts to create jobs and economic growth in Pakistan and the United States, both the countries on May 2nd held regular consultations under the US-Pakistan Trade and Investment Framework Agreement (TIFA). The goal of the TIFA meetings
Published 03 May, 2019 12:00am
Czech Republic companies invited to invest in KP SEZs

Czech Republic companies invited to invest in KP SEZs

Sarhad Chamber of Commerce and Industry (SCCI) has invited the Czech Republic companies to make investment in Special Economic Zones (SEZs) under the China Pakistan Economic Corridor as well as other potential sectors in Khyber Pakhtunkhwa. The invitation
Published 03 May, 2019 12:00am
Government ready to sit with opposition for reforming NAB laws: Qureshi

Government ready to sit with opposition for reforming NAB laws: Qureshi

Foreign Minister Shah Mahmood Qureshi said on Thursday that the government is ready to sit with the opposition parties to bring reforms in the National Accountability Bureau (NAB) law and ensure that process of accountability moves ahead transparently.
Published 03 May, 2019 12:00am
Sherpao for bringing merger of former Fata to logical conclusion

Sherpao for bringing merger of former Fata to logical conclusion

Qaumi Watan Party (QWP) Chairman Aftab Ahmad Khan Sherpao on Thursday said the government should take the merger of the former Federally Administered Tribal Areas (Fata) to its logical conclusion. He was addressing a gathering to mark the death anniversar
Published 03 May, 2019 12:00am
Ratio of Pakistanis having heart diseases on the rise: PCS

Ratio of Pakistanis having heart diseases on the rise: PCS

Pakistani children and youngsters are programmed to have heart diseases, diabetes mellitus and hypertension as compared to other ethnic groups in the world due to their genes. At the same time, because of their unhealthy lifestyle, children as young as 12
Published 03 May, 2019 12:00am
SHC seeks details of all inquiries in corruption cases

SHC seeks details of all inquiries in corruption cases

Sindh High Court (SHC) on Thursday sought the details of all inquiries in corruption cases to the tune of Rs 100 million in the province. A division bench of the SHC headed by Chief Justice Ahmed Ali M Sheikh also directed Director Generals (DGs) National
Published 03 May, 2019 12:00am
ABC hosts first annual CSR Day

ABC hosts first annual CSR Day

The American Business Council of Pakistan (ABC) hosted its first annual CSR Day. This year's them was "Impacting Futures - Building Communities" and showcased the work being carries out in the field of Corporate Social Responsibility by American companies
Published 03 May, 2019 12:00am
CM's directive for ensuring cleanliness in Karachi

CM's directive for ensuring cleanliness in Karachi

Sindh Chief Minister Syed Murad Ali Shah on Thursday directed Sindh Solid Waste Management Authority (SSWMA) to improve sweeping and garbage lifting work in the areas assigned to it.
Published 03 May, 2019 12:00am
April, 2019: Revenue collection of RTO-II Karachi up by 20 percent

April, 2019: Revenue collection of RTO-II Karachi up by 20 percent

Regional Tax Office (RTO)-II, Karachi has witnessed 20 percent growth in revenue collection during April, 2019. According to provisional statistics, the RTO-II, Karachi has collected Rs 6.755 billion in April as compared to Rs 5.628 billion collected duri
Published 03 May, 2019 12:00am
Fawad asks PSQCA to develop liaison with consumer courts

Fawad asks PSQCA to develop liaison with consumer courts

Federal Minister for Science and Technology (MoST) Fawad Ahmed Chaudhry on Thursday asked Pakistan Standards and Quality Control Authority (PSQCA) to develop liaison with consumer courts to entertain consumers' complaints. On his first visit to PSQCA Comp
Published 03 May, 2019 12:00am
Accountability process to continue till recovery of looted money: Saeed

Accountability process to continue till recovery of looted money: Saeed

Minister for Communications and Postal Services Murad Saeed has said that the process of accountability would continue till retrieval of looted public money. Talking to media persons outside the Parliament House here on Thursday, he said the entire nation
Published 03 May, 2019 12:00am
IHC rejects plea seeking action against Aurat March organizers

IHC rejects plea seeking action against Aurat March organizers

The Islamabad High Court (IHC) Thursday turned down a petition that sought legal action against the organisers of Aurat March. A single bench of IHC comprising Chief Justice Athar Minallah dismissed the plea after preliminary arguments of the petitioner's
Published 03 May, 2019 12:00am
Sanjrani refers issue of 5 billion trees to Senate body

Sanjrani refers issue of 5 billion trees to Senate body

Chairman Senate Sadiq Sanjrani on Thursday referred the issue of plantation of 5 billion trees in Khyber Pakhtunkhwa, as mentioned by Prime Minister Imran Khan in his speech in China, to the House committee concerned to probe it and report back to the Hou
Published 03 May, 2019 12:00am
WB official urges govt to improve water management system
Cotton

WB official urges govt to improve water management system

World Bank Country Director Patchamuthu Illangovan has urged policy planners of the government of Pakistan to reorient water practices to cut back losses and potentially transform Pakistan into a $2 trillion economy through improved water management syste
Published 03 May, 2019 12:00am
FM's Sri Lanka's visit put off: FO

FM's Sri Lanka's visit put off: FO

Foreign Minister Shah Mahmood Qureshi's visit to Sri Lanka was postponed due to the security situation, Foreign Office sources said. "Foreign Minister Shah Mehmood Qureshi was looking forward to his visit to Sri Lanka. In view of the recent development in
Published 03 May, 2019 12:00am
PTI government slamed for taking credit of PML-N's projects

PTI government slamed for taking credit of PML-N's projects

Pakistan Muslim League-Nawaz (PML-N) leaders Khawaja Muhammad Asif and Ahsan Iqbal have berated the Pakistan Tehrik-e-Insaf (PTI) government for what they said claiming the credit for Diamer-Bhasha and Mohmand dams projects which previous PML-N government
Published 03 May, 2019 12:00am
Fake accounts case: NAB gets physical remand of three accused till May 9

Fake accounts case: NAB gets physical remand of three accused till May 9

The Accountability Court hearing fake bank accounts case Thursday granted physical remand of three accused, including an accountant of a firm owned by former President and Co-Chairman Pakistan Peoples Party (PPP) Asif Ali Zardari to National Accountabilit
Published 03 May, 2019 12:00am
Country's largest solar wall opens at UET

Country's largest solar wall opens at UET

Provincial Minister for Energy Dr Muhammad Akhtar Malik inaugurated Pakistan's largest solar wall at Centre for Energy Research and Development (CERAD) University of Engineering and Technology (UET) Kala Shah Kaku Campus. Vice Chancellor UET Lahore Prof.
Published 03 May, 2019 12:00am
'High Achievers' ceremony held at NUST

'High Achievers' ceremony held at NUST

With a view to paying a felicitous tribute to the outstanding accomplishments of Nustians at various national and international competitions and events, National University of Sciences & Technology (NUST) held a High Achievers Ceremony at its main campus.
Published 03 May, 2019 12:00am
KP government to take legal action against striking doctors

KP government to take legal action against striking doctors

The Khyber Pakhtunkhwa government has decided to take legal action against striking doctors in the province. Chairing a meeting, provincial health minister Dr Hisham Inamullah Khan directed the top officials of the government hospitals in the province to
Published 03 May, 2019 12:00am
Senate body okays bill of making thalassaemia test mandatory

Senate body okays bill of making thalassaemia test mandatory

The Senate Standing Committee on National Health Services and Regulations on Thursday approved 'The Compulsory Blood Test of the Spouses and Proposed Spouses for Thalassaemia Disease Bill, 2019.' The parliamentary panel met with Mian Muhammad Ateeq Shaikh
Published 03 May, 2019 12:00am
Vodafone, Huawei enter strategic agreement

Vodafone, Huawei enter strategic agreement

Vodafone Qatar and Huawei have entered into a strategic agreement to significantly expand and enhance Vodafone's wireless network infrastructure including a largescale 5G technology rollout. This agreement will see two industry leaders at the forefront of
Published 03 May, 2019 12:00am
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