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Apr 28, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2019-06-08
Most Brazilians think Neymar is 'innocent': poll

Most Brazilians think Neymar is 'innocent': poll

Most Brazilians believe Neymar did not rape a woman who has accused him of sexual assault, a poll showed Friday, with more than 60 percent of respondents declaring him innocent. The injured star striker has been flooded with messages of support on social
Published 08 Jun, 2019 12:00am
Zampa censured over obscenity

Zampa censured over obscenity

Adam Zampa has been reprimanded by the International Cricket Council after using an "audible obscenity" in Australia's battling 15-run World Cup win over the West Indies. The incident happened at the end of the 29th over of the West Indies innings at Tren
Published 08 Jun, 2019 12:00am
Coulter-Nile sparks Australia revival win over West Indies

Coulter-Nile sparks Australia revival win over West Indies

Nathan Coulter-Nile's record-breaking innings laid the platform for Australia's 15-run victory over the West Indies on Thursday as the World Cup holders bounced back from a top-order collapse to make it two successive wins. Australia were in dire straits
Published 08 Jun, 2019 12:00am
Global economic outlook turns sour as trade war drags on

Global economic outlook turns sour as trade war drags on

The synchronised global economic expansion, cheered on by investors who pushed Wall Street stocks to a record high last month, has started to sour and is increasingly at risk from a developing trade war between the world's two largest economies.
Published 08 Jun, 2019 12:00am
Thousands protest price hikes, corruption in Liberia

Thousands protest price hikes, corruption in Liberia

Thousands of people took to the streets of Liberia's capital Monrovia Friday to protest rising prices and corruption, posing a key political test for President George Weah. The football icon is being challenged over the same issues on which he campaigned
Published 08 Jun, 2019 12:00am
Gas surges globally as green groups cry foul

Gas surges globally as green groups cry foul

2018 was a "golden year" for natural gas with demand surging worldwide, the International Energy Agency (IEA) said Friday, prompting concern from environmental groups over the climate impact of the world's new favourite fuel. Demand for gas grew 4.6 perce
Published 08 Jun, 2019 12:00am
China has tools to handle trade war: central bank chief
Exchange

China has tools to handle trade war: central bank chief

China's central bank chief said Friday the country has plenty of policy tools left to handle the trade war with the United States. There is "tremendous" room to counter the deepening trade war, People's Bank of China governor Yi Gang said in an interview
Published 08 Jun, 2019 12:00am
Walmart one-ups Amazon with deliveries direct to refrigerator

Walmart one-ups Amazon with deliveries direct to refrigerator

Walmart said Friday it was readying a new home delivery service where its employees could come inside and stock up customers' refrigerators. The new "InHome" service expected to launch this year in several US cities aims to outdo retail rival Amazon, whic
Published 08 Jun, 2019 12:00am
Banning Huawei would cost EU telcos up to 55 billion euros

Banning Huawei would cost EU telcos up to 55 billion euros

Banning Huawei and fellow Chinese equipment maker ZTE from Europe's roll-out of 5G telecom networks would cost EU mobile operators up to 55 billion euros ($62 billion), according to an industry body's internal assessment seen by AFP Friday. The operators
Published 08 Jun, 2019 12:00am
Canada jobless rate hits all-time low

Canada jobless rate hits all-time low

Canada added a higher-than-expected 27,700 net new jobs in May and the unemployment rate dipped to a record low of 5.4%, official data showed on Friday, helping push the Canadian dollar up to a seven-week high. Analysts in a Reuters poll had predicted a g
Published 08 Jun, 2019 12:00am
Mexico tariffs on track to take effect Monday

Mexico tariffs on track to take effect Monday

The United States intends to apply punitive tariffs on imports from Mexico on Monday despite progress in talks on stemming migration, White House spokeswoman Sarah Sanders said Friday. "Our position hasn't changed," Sanders told reporters heading on Air F
Published 08 Jun, 2019 12:00am
Weak US employment report casts pall over economy

Weak US employment report casts pall over economy

US job growth slowed sharply in May and wages rose less than expected, raising fears that a loss of momentum in economic activity could be spreading to the labour market, which could put pressure on the Federal Reserve to cut interest rates this year. The
Published 08 Jun, 2019 12:00am
Nikkei moves up

Nikkei moves up

Japan's Nikkei rose on Friday as reports that Washington is considering a delay in tariffs on Mexican imports eased wider concerns about weakening global trade. The Nikkei share average ended 0.5% higher at20,884.71. For the week, the index rose 1.4%. The
Published 08 Jun, 2019 12:00am
Record lows for eurozone bond yields

Record lows for eurozone bond yields

A rally swept across European government bond markets on Friday, pushing French 10-year bond yields to record lows for the first time after a weak US jobs report re-ignited bets that the Federal Reserve could deliver a rate cut soon. Bonds yields from Cyp
Published 08 Jun, 2019 12:00am
Record lows for eurozone bond yields

Record lows for eurozone bond yields

A rally swept across European government bond markets on Friday, pushing French 10-year bond yields to record lows for the first time after a weak US jobs report re-ignited bets that the Federal Reserve could deliver a rate cut soon. Bonds yields from Cyp
Published 08 Jun, 2019 12:00am
Wall Street rises with hopes of Mexican tariffs delay
Exchange

Wall Street rises with hopes of Mexican tariffs delay

Wall Street's main indexes closed higher after a choppy session on Thursday as investors grew more optimistic on trade after reports that the United States is considering a delay in imposing tariffs on Mexican imports. The market added to gains after a Bl
Published 08 Jun, 2019 12:00am
Indian shares surge

Indian shares surge

Indian shares closed higher on Friday, a day after the central bank lowered interest rates by 25 basis points and changed its stance to "accommodative." The broader NSE index ended up 0.2% at 11,870.65, while the benchmark BSE index closed 0.2% higher at
Published 08 Jun, 2019 12:00am
Treasury yield curve flattens

Treasury yield curve flattens

The US Treasury yield curve flattened on Thursday as the European Central Bank committed to leaving interest rates alone into the first half of 2020, disappointing traders who had bet on a rate cut. Most yields ended the day higher in the wake of a Bloomb
Published 08 Jun, 2019 12:00am
Treasury yield curve flattens

Treasury yield curve flattens

The US Treasury yield curve flattened on Thursday as the European Central Bank committed to leaving interest rates alone into the first half of 2020, disappointing traders who had bet on a rate cut. Most yields ended the day higher in the wake of a Bloomb
Published 08 Jun, 2019 12:00am
Australian, New Zealand shares higher

Australian, New Zealand shares higher

Australian shares rose for a fourth straight session on Friday, led by resource stocks as investors shrugged off trade war concerns and focused on the prospects of looser monetary policy at home and abroad. Australia's S&P/ASX 200 index finished 1%, or 60
Published 08 Jun, 2019 12:00am
European stocks clock best weekly showing in two months

European stocks clock best weekly showing in two months

European stocks posted their best weekly performance since early April on Friday, aided by strong gains in Paris, against a backdrop of hope among investors that central banks would support global growth with more accommodative policies. The Bundesbank sl
Published 08 Jun, 2019 12:00am
Sri Lankan stocks edge up

Sri Lankan stocks edge up

Sri Lankan shares ended a shade firmer, snapping a four-session losing streak to edge up from the lowest close in nearly three weeks the previous session, while the rupee ended slightly weaker on mild importer dollar demand, market sources said. The bench
Published 08 Jun, 2019 12:00am
Southeast Asian stocks rise on rate-cut hopes

Southeast Asian stocks rise on rate-cut hopes

Southeast Asian stock markets closed slightly higher on Friday on prospects of global central banks easing monetary policy to prop up economic growth, but trading volumes across the region were low with China and Hong Kong markets closed for holidays. Aft
Published 08 Jun, 2019 12:00am
FTSE 100 marks best week in four months

FTSE 100 marks best week in four months

Expectations of an interest rate cut after disappointing US jobs data fuelled a rally in UK shares, helping London's FTSE 100 rise for the fifth straight session on Friday, while Millennium & Copthorne Hotels gained one-third in value after a takeover bid
Published 08 Jun, 2019 12:00am
South Africa's rand set for weekly losses
Currency

South Africa's rand set for weekly losses

South Africa's rand firmed in afternoon trade on Friday thanks to a weakening US dollar, but the local currency was on track to end the week on a weaker footing after a row over the central bank's mandate rattled investors, while stocks also gained. At 15
Published 08 Jun, 2019 12:00am
Zimbabwe president promises new currency
Exchange

Zimbabwe president promises new currency

Zimbabwean President Emmerson Mnangagwa on Friday promised to introduce a new national currency, 10 years after hyperinflation rendered the Zimbabwean dollar worthless. The country has since used US dollars, the South African rand and, in recent years, tw
Published 08 Jun, 2019 12:00am
Dollar steadies in Asia before US jobs data
Currency

Dollar steadies in Asia before US jobs data

The dollar was set for its worst week since March as it trod water on Friday ahead US jobs data that is seen supporting chances of a US interest rate cut, while the euro held gains made after a less dovish than expected central bank policy review. The US
Published 08 Jun, 2019 12:00am
Euro heads for best week in Europe

Euro heads for best week in Europe

The euro was headed for its best week since September on Friday, largely due to weakness in the dollar which could fall later in the day if US jobs data disappoints. US non-farm payrolls data for May due out at 1230 GMT are expected to show a drop in hiri
Published 08 Jun, 2019 12:00am
Early trade in New York: dollar falls to 2-1/2 month low
Exchange

Early trade in New York: dollar falls to 2-1/2 month low

The US dollar index fell on Friday morning to its lowest since March 26 after the Labour Department's employment report showed that job growth slowed sharply in May and wages rose less than expected. The weak data suggest that the loss of momentum in econ
Published 08 Jun, 2019 12:00am
Dollar dips in New York ahead of US jobs data
Exchange

Dollar dips in New York ahead of US jobs data

The dollar dipped in Thursday afternoon trade ahead of Friday's US government jobs report, which is forecast to show slowed growth and will inform market expectations of interest-rate cuts in 2019. The US Labour Department's non-farm payrolls report inclu
Published 08 Jun, 2019 12:00am
Most Latam FX up

Most Latam FX up

Most Latin American currencies firmed on Friday as the dollar was pressured by much weaker-than-expected US jobs data, while Mexico's peso was little changed ahead of trade and migration talks between Mexico and United States set to resume for a third day
Published 08 Jun, 2019 12:00am
Asian forex: Malaysian ringgit up; others lacklustre
Currency

Asian forex: Malaysian ringgit up; others lacklustre

The Malaysian ringgit climbed against the dollar on Friday, thanks to higher oil prices, however most other currencies were tepid ahead of the release of a US jobs report later in the session. A sharp fall in the US non-farm payrolls for May could bolster
Published 08 Jun, 2019 12:00am
Turkish lira weakens again on concerns over US ties
Exchange

Turkish lira weakens again on concerns over US ties

The Turkish lira weakened more than 0.5% on Friday as the United States raised pressure on Turkey over its plans to install Russian S-400 air defences, marking the currency's second day of losses after its longest winning streak since May 2014. The curren
Published 08 Jun, 2019 12:00am
Canadian dollar climbs to two-week high
Currency

Canadian dollar climbs to two-week high

The Canadian dollar strengthened to a two-week high against its US counterpart on Thursday, as the greenback broadly declined and trade data added to evidence that Canada's economy is picking up. Rising exports and falling imports helped shrink Canada's t
Published 08 Jun, 2019 12:00am
Aussie, kiwi hold weekly gains

Aussie, kiwi hold weekly gains

The Australian and New Zealand dollars held firm on Friday, clutching onto gains made as markets moved swiftly to price in a run of rate cuts in the United States as trade tensions escalated. The Aussie dollar was steady at $0.6975, sandwiched between sup
Published 08 Jun, 2019 12:00am
Sterling jumps against dollar after weak US jobs data
Currency

Sterling jumps against dollar after weak US jobs data

Sterling rose to a two-week high on Friday after weak US jobs data weighed on the dollar and bolstered the case for a Federal Reserve interest rate cut. The opposition Labour Party beat off the insurgent Brexit Party - which has sought to seize on anger w
Published 08 Jun, 2019 12:00am
Police raids on Aussie media fuel calls for journalist protections

Police raids on Aussie media fuel calls for journalist protections

Australia's democratic credentials have been called into question following police raids on major media organisations this week, sparking urgent calls for greater protection of journalists and their sources. Police searched the home of a prominent Canberr
Published 08 Jun, 2019 12:00am
Legendary pianist Dr John dies

Legendary pianist Dr John dies

Dr John, the American jazz musician who delighted fans for decades with his legendary piano riffs and unmistakable hoarse voice, died Thursday, his family said. The New Orleans blues pianist, whose real name Malcolm John Rebennack was shortened to "Mac" b
Published 08 Jun, 2019 12:00am
Trump says deal possible with Mexico in migration row

Trump says deal possible with Mexico in migration row

US President Donald Trump said Friday that there is a "good chance" that a deal can be reached with Mexico on controlling migrants to avert the imposition of trade tariffs. But Trump warned that if an agreement cannot be reached in crunch talks between US
Published 08 Jun, 2019 12:00am
Iran rejects French idea of re-opening nuclear talks

Iran rejects French idea of re-opening nuclear talks

Iran on Friday rejected an idea mooted by France of re-opening nuclear talks, warning that seeking to broaden an existing landmark treaty could lead to its collapse. President Emmanuel Macron said Thursday that his goal of "regional peace" would require n
Published 08 Jun, 2019 12:00am
US hits Iran petrochemical group PGPIC with sanctions

US hits Iran petrochemical group PGPIC with sanctions

The United States has hit Iran's petrochemical group PGPIC with economic sanctions due to its ties with the country's Revolutionary Guards (IRGC), the Treasury Department announced on Friday. The move aims to choke off financing to the country's largest a
Published 08 Jun, 2019 12:00am
Russian reporter's arrest sparks outrage

Russian reporter's arrest sparks outrage

Russia has detained an investigative journalist for drugs offences, triggering protests on Friday, with supporters claiming the charges were trumped-up and a punishment for his reporting. Meduza, an independent Russian-language media outlet, said that one
Published 08 Jun, 2019 12:00am
Capsized ocean rescue vessel leaves three dead in French storm

Capsized ocean rescue vessel leaves three dead in French storm

Three rescuers from the French ocean rescue service died Friday when their vessel capsized in rough seas as a giant storm pummelled the country's Atlantic coast. "In late morning, a boat from the SNSM capsized 800 metres from the coast around Les Sables d
Published 08 Jun, 2019 12:00am
Syria flare-up kills over 100 fighters

Syria flare-up kills over 100 fighters

Fierce clashes between Russia-backed government forces and jihadists have killed more than 100 combatants in northwestern Syria in the past 24 hours, a war monitor said on Friday. The clashes on the edge of the jihadist-controlled Idlib region have killed
Published 08 Jun, 2019 12:00am
Three Britons die after eating pre-packed sandwiches

Three Britons die after eating pre-packed sandwiches

Three Britons have died of food poisoning after eating pre-packaged sandwiches, UK health authorities said Friday, stressing that the risk to the wider public remained "low". The patients died of listeriosis, a rare bacterial infection that is especially
Published 08 Jun, 2019 12:00am
NASA to open International Space Station to tourists from 2020

NASA to open International Space Station to tourists from 2020

NASA said Friday it will open up the International Space Station to business ventures including space tourism - with stays priced at $35,000 a night - as it seeks to financially disengage from the orbiting research lab. "NASA is opening the International
Published 08 Jun, 2019 12:00am
Russia plans to deliver S-400s to Turkey in two months

Russia plans to deliver S-400s to Turkey in two months

Russia will begin delivering S-400 air defence systems to Turkey in two months, the head of state-owned defence conglomerate Rostec said on Friday. "Everything is on track with the Turks. I hope that we will begin to deliver in about two months," Sergei C
Published 08 Jun, 2019 12:00am
Cotton slumps over 4 percent
Cotton

Cotton slumps over 4 percent

Cotton sunk over 4% on Friday as investors' sentiment soured on Washington's plans to impose tariffs on Mexico, while rains in major crop planting areas in the United States added pressure on the natural fibre.
Published 08 Jun, 2019 12:00am
Copper stumbles towards eighth consecutive weekly loss
Exchange

Copper stumbles towards eighth consecutive weekly loss

Copper prices were set for their eighth straight weekly fall after trade disputes, signs of slowing global economic growth and disappointing US jobs data weakened the demand outlook for metals. Benchmark copper on the London Metal Exchange (LME) traded do
Published 08 Jun, 2019 12:00am
Oil rises nearly 3 percent as Saudi Arabia signals Opec deal extension

Oil rises nearly 3 percent as Saudi Arabia signals Opec deal extension

Oil prices rose nearly 3% on Friday, climbing further from five-month lows hit this week, after Saudi Arabia said Opec was close to agreeing to extend an output production cut beyond June and as Wall Street rallied. Brent crude futures gained $1.62, or 2.
Published 08 Jun, 2019 12:00am
Tokyo rubber marks biggest weekly gain in two years
Exchange

Tokyo rubber marks biggest weekly gain in two years

Tokyo Commodity Exchange (TOCOM) futures extended gains into a third straight session on Friday, hitting 3-month highs and marking their biggest weekly gains in nearly 2 years, amid trade optimism and aggressive buying by foreign funds. The benchmark TOCO
Published 08 Jun, 2019 12:00am
Malaysian palm oil falls
Exchange

Malaysian palm oil falls

Malaysian palm oil futures dropped to their lowest in two weeks on Friday, hit by a stronger ringgit and market talk of lower exports. The benchmark palm oil contract for August delivery on the Bursa Malaysia Derivatives Exchange was 1.4% lower at 2,027 r
Published 08 Jun, 2019 12:00am
Arabica coffee slips, New York cocoa hits 11-month high

Arabica coffee slips, New York cocoa hits 11-month high

Arabica coffee futures on ICE slipped on Friday, with the market back on the defensive as excess global supplies came back into focus, while New York cocoa futures rose to an 11-month high. July arabica coffee settled down 1.1 cent, or 1.1%, at $1.0095 pe
Published 08 Jun, 2019 12:00am
Gold gains in New York

Gold gains in New York

Gold prices rose on Thursday, as fears about the impact of trade wars on the global economy, and rising expectations for a US interest rate cut enhanced the metal's appeal. Spot gold rose 0.7% to $1,338.65 per ounce as of 1:48 pm. EDT (1748 GMT), while US
Published 08 Jun, 2019 12:00am
Gold steadies in Asia

Gold steadies in Asia

Gold prices steadied on Friday, but remained on course for their best week since March 2018, after rising expectations for a US rate cut and concerns that trade tussles could hit global growth boosted demand for safe-haven bullion. However, having failed
Published 08 Jun, 2019 12:00am
Gold rallies to 14-month crest in Europe

Gold rallies to 14-month crest in Europe

Gold prices jumped 1% on Friday to their highest levels since April 2018 as a sharp slowdown in US jobs growth sent the dollar lower on growing expectations that the Federal Reserve would cut interest rates this year. Gold also has benefited from concerns
Published 08 Jun, 2019 12:00am
US MIDDAY: wheat rises, corn and soya slip

US MIDDAY: wheat rises, corn and soya slip

Chicago Board of Trade wheat futures stayed on track for a fourth weekly gain in choppy trading on Friday, as lack of rain in Russia raised concerns over reduced yields in the world's top exporter of the grain. Support also came from fears of production l
Published 08 Jun, 2019 12:00am
US MIDDAY: gold jumps

US MIDDAY: gold jumps

Gold prices jumped 1% on Friday to their highest levels since April 2018 as a sharp slowdown in US jobs growth sent the dollar lower on growing expectations that the Federal Reserve would cut interest rates this year. Gold also has benefited from concerns
Published 08 Jun, 2019 12:00am
Buzdar offers Eid prayers in Lahore
Exchange

Buzdar offers Eid prayers in Lahore

Punjab Chief Minister Sardar Usman Buzdar offered Eid-ul-fitr prayer at Police Lines, here on Wednesday. Police personnel and other from various walks of life also offered Eid prayer with the chief minister. On this occasion, special prayers were offered
Published 08 Jun, 2019 12:00am
Eid holidays: Pakistan Post rest houses witness 100 percent booking

Eid holidays: Pakistan Post rest houses witness 100 percent booking

The rest houses of Pakistan Post, opened by the government for general public across the country last month, have witnessed 100 percent booking during the Eid-ul-Fitr holidays due to affordable rates and improved facilities for tourists.
Published 08 Jun, 2019 12:00am
Government will present people-friendly budget: Khattak
Exchange

Government will present people-friendly budget: Khattak

Defence Minister, Pervez Khattak has said that the federal government will present peoples' friendly and balanced budget without shifting any burden to the people. He was talking to various delegations in his residence at Manki Sharif, Nowshera district,
Published 08 Jun, 2019 12:00am
Residents throng parks to celebrate Eid

Residents throng parks to celebrate Eid

The residents of the city and adjoining areas Thursday thronged different parks to enjoy the second day of Eid-ul-Fitr. Families along with children were seen at the city parks and picnic spots. There was also rush at restaurants to enjoy dishes of differ
Published 08 Jun, 2019 12:00am
Maryam should not prefer father over country: Firdous

Maryam should not prefer father over country: Firdous

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan Thursday said Maryam Safdar should not give preference to his father over the country and the nation.
Published 08 Jun, 2019 12:00am
Kashmir dispute needs peaceful, political solution: Mirwaiz

Kashmir dispute needs peaceful, political solution: Mirwaiz

The Chairman of Hurriyat forum, Mirwaiz Umar Farooq, in Indian occupied Kashmir, while calling upon Pakistan and India to forget the bitterness of the past and start a new chapter has made it clear to the Narendra Modi-led government in New Delhi that the
Published 08 Jun, 2019 12:00am
Top 10 contributors to dams fund

Top 10 contributors to dams fund

Employees of the government of Punjab are major contributor to the Supreme Court of Pakistan and Prime Minister (SCP & PM) Diamiar Bhasha and Mohmand Dam Fund with a total contribution of Rs 1,091,455,518 up to January 21, 2019, revealed the information s
Published 08 Jun, 2019 12:00am
PM to inaugurate Sir Syed Express on 30th: Rashid

PM to inaugurate Sir Syed Express on 30th: Rashid

Prime Minister Imran Khan would inaugurate an Express Train service between Rawalpindi and Karachi on June 30. Talking to media here at Rawalpindi Railway station, Federal Minister for Railways Sheikh Rashid Ahmad Thursday said the Sir Syed Express woulld
Published 08 Jun, 2019 12:00am
Festival to be organised in Koh-e-Suleman: Buzdar

Festival to be organised in Koh-e-Suleman: Buzdar

Punjab Chief Minister Sardar Usman Buzdar reached DG Khan from his ancestral area Barthi on the third day of Eid and chaired a meeting in the Circuit House. According to a DGPR handout issued here, the chief minister was briefed about the ongoing and new
Published 08 Jun, 2019 12:00am
Qureshi urges India to stop brutalities against Muslims

Qureshi urges India to stop brutalities against Muslims

Foreign Minister of Pakistan Shah Mehmood Qureshi has urged Indian government to stop rights violations of Muslim minorities in the country. "Indian Muslims are being subjected to torture by Hindu extremists in India", Qureshi said while talking to journa
Published 08 Jun, 2019 12:00am
Transporters return additional fare charged on Eid

Transporters return additional fare charged on Eid

Transporters returned additional fare charged from passengers on Eid, as the district administration took action against them on a direction from the Chief Minister Punjab Usman Buzdar. It may be noted that the Chief Minister Punjab had taken notice of th
Published 08 Jun, 2019 12:00am
Government urged to protect taxpayers' rights

Government urged to protect taxpayers' rights

Friends of Economic and Business Reforms (FEBR) has urged the government to introduce legislation for protection of the existing taxpayers' rights. Friends of Economic and Business Reforms (FEBR) President Kashif Anward said that non-filers, who are outsi
Published 08 Jun, 2019 12:00am
Talks with government: PRGMEA distances itself from APTMA

Talks with government: PRGMEA distances itself from APTMA

Representatives of five zero rated sectors (value added textile, carpet, leather, sports goods and surgical goods) have distanced themselves from All Pakistan Textile Mills Association (APTMA) after a news circulated by APTMA leadership regarding negotiat
Published 08 Jun, 2019 12:00am
Punjab can generate close to $2 billion by tourism annually: PGS

Punjab can generate close to $2 billion by tourism annually: PGS

Punjab can generate close to US $ 2 billion worth of income by tourism annually; the domestic tourism in alone has a potential close to $1 billion a year and it will create 243,000 jobs. This was revealed in recently released "Punjab Growth Strategy 2023"
Published 08 Jun, 2019 12:00am
PGS 2023 promises increase of 3.5 million housing stock in five years

PGS 2023 promises increase of 3.5 million housing stock in five years

Terming construction and housing sector as an integral part of the growth objectives of the Punjab government, the Punjab Growth Strategy (PGS) 2023, promises an increase of 3.5 million housing stock by the year 2023 in the province. The increase is the p
Published 08 Jun, 2019 12:00am
Dr Anwar Sajjad laid to rest

Dr Anwar Sajjad laid to rest

Funeral prayers were offered for acclaimed playwright, author, actor and critic Dr Anwar Sajjad on Friday. He was laid to rest later. Dr Sajjad passed away on Thursday evening after a prolonged illness, spending his final hours at his residence at Raiwind
Published 08 Jun, 2019 12:00am
Arrest of Zardari and Bilawal cannot stop them from politics: Kaira

Arrest of Zardari and Bilawal cannot stop them from politics: Kaira

The Pakistan Peoples Party (PPP) Punjab President Qamar Zaman Kaira said Saturday that the government cannot stop Asif Zardari and Bilawal Bhutto from politics by arresting them. He added that the opposition was not in favour of removing the government su
Published 08 Jun, 2019 12:00am
Governor offers Eid prayers at Badshahi Mosque
Exchange

Governor offers Eid prayers at Badshahi Mosque

Governor Punjab Chaudhry Muhammad Sarwar offered Eid prayers here at Badshahi Mosque on Wednesday. He also exchanged Eid greetings with the people after offering Eid prayers. The governor prayed for country's prosperity and stability. After offering Eid p
Published 08 Jun, 2019 12:00am
PCGA final report puts cotton production at 10.777 million bales
Cotton

PCGA final report puts cotton production at 10.777 million bales

Seed cotton (phutti) equivalent to 10.777 million or 10,777,818 bales reached ginneries across Pakistan till June 1, 2019, says final report of Pakistan Cotton Ginners Association (PCGA) showing national cotton production for the year 2018-19. Out of tota
Published 08 Jun, 2019 12:00am
Ex-rulers responsible for current price hike: Firdous

Ex-rulers responsible for current price hike: Firdous

Special Assistant to Prime Minister on Information and Broadcasting Dr Firdous Ashiq Awan said that opposition was trying to create chaos for its personal gains. The past rulers were responsible for current price hike due to which the whole nation was rea
Published 08 Jun, 2019 12:00am
Eid-ul-Fitr celebrated with fervour in Sialkot

Eid-ul-Fitr celebrated with fervour in Sialkot

Eid-ul-Fitr was celebrated with usual fervour in Sialkot, Daska, Pasrur, Zafarwal, Sambrial and Ugoki areas of Sialkot district. Eid prayers were offered at different mosques and open places in the city and other parts of the district. On this occasion st
Published 08 Jun, 2019 12:00am
July-June period: textile machinery import falls to $434.786 million

July-June period: textile machinery import falls to $434.786 million

The country's textile machinery import declined to $434.786 million in July-June 2018-19, down by 8 percent, official figures say. Fall in the textile machinery import now stands at $59.521 million in July-June 2018-19 as against the machinery import of $
Published 08 Jun, 2019 12:00am
Sindh government released only 50 percent of KMC's share: mayor

Sindh government released only 50 percent of KMC's share: mayor

Mayor Karachi Waseem Akhtar said that Sindh Government has released only 50 percent of the total KMC's share of district ADP for the financial year 2018-19, putting additional monetary burden on the already ailing civic body. In a letter to the Chief Mini
Published 08 Jun, 2019 12:00am
62 criminals arrested

62 criminals arrested

Lahore Police (Model Town Division) has arrested as many as 62 criminals and seized nine pistols, one kilogram of hashish and 1100 liters of liquor from their custody. A spokesperson for the DIG Operations said on Friday that SP Model Town Division Imran
Published 08 Jun, 2019 12:00am
Woman among three killed in blast

Woman among three killed in blast

At least three persons including a woman died and three other sustained injuries in blast near Kharwari Baba area of Ziarat district on Friday. According to Assistant Commissioner (AC) Ziarat Major Kabir Zarkon, a vehicle carrying people was on its way to
Published 08 Jun, 2019 12:00am
Alvi condoles death of Quddus Bizenjo's father

Alvi condoles death of Quddus Bizenjo's father

President Dr Arif Alvi along with Governor Sindh Imran Ismail on Friday visited the house of Speaker Balochistan Assembly Mir Abdul Quddus Bizenjo at Hub to condoled with him over death of his father. The President and the Governor Sindh offered condolenc
Published 08 Jun, 2019 12:00am
President pledges to facilitate investors
Exchange

President pledges to facilitate investors

President Arif Alvi on Thursday assured that the federal government will fully facilitate the investors for flourishing economic activities in the country. These views were expressed by him while talking to traders and businessmen who called on him in Kar
Published 08 Jun, 2019 12:00am
Eid days Around 400,000 tourists visited Naran, Kaghan valleys

Eid days Around 400,000 tourists visited Naran, Kaghan valleys

Naran and Kaghan valleys received 300,000 to 400,000 tourists during three days of Eid from different parts of the country, President of Kaghan Valley Hotels Association Saith Matiullah said on Friday. Talking to APP from Naran, he appreciated arrangement
Published 08 Jun, 2019 12:00am
Trader robbed of cash and jewellery

Trader robbed of cash and jewellery

Armed bandits entered in a house and looted valuables in Bahadarabad locality on Friday. According to details, four dacoits entered the house of a trader in Bahadarabad. They take the house owner hostage and looted jewellery, cash, mobile phones and other
Published 08 Jun, 2019 12:00am
KU VC condoles death of Anwar Shoaib

KU VC condoles death of Anwar Shoaib

The Vice Chancellor, University of Karachi, Professor Dr Khalid Mahmood Iraqi has expressed his condolence on the demise of Assistant Professor Anwar Shoaib. The KU VC attended the funeral and prayed for the eternal peace of the departed soul. Professor A
Published 08 Jun, 2019 12:00am
Budget 2019-20: government urged not to impose new taxes on beverages

Budget 2019-20: government urged not to impose new taxes on beverages

Chairman Businessmen Group (BMG) and Former President of the Karachi Chamber of Commerce & Industry (KCCI) Siraj Kassam Teli has urged the government not to impose any additional and new taxes or Federal Excise Duty (FED) on beverages and juices in the ne
Published 08 Jun, 2019 12:00am
Families throng Peshawar Zoo during Eid holidays

Families throng Peshawar Zoo during Eid holidays

Families of Children visited Peshawar Zoo in droves to various wild animals and big cats during the Eidul Fitr holidays. Not only the residents of Peshawar, rather families from Kohat, Charsadda, Peshawar, Nowshera, Swabi, Mohmand and Khyber districts als
Published 08 Jun, 2019 12:00am
Key accused in triple murder case sent to physical remand

Key accused in triple murder case sent to physical remand

The key accused involved in killing of three brothers in district Charsadda on Friday handed over into police custody on four-day physical remand. Peer Mohammad is key accused in killing of three brothers in Charsadda district over a property dispute, was
Published 08 Jun, 2019 12:00am
35 rescued, three bodies fished out as boat capsizes in Kundal Dam

35 rescued, three bodies fished out as boat capsizes in Kundal Dam

The dead bodies of three sisters were fished out where as 35 others were rescued safely when a tourist boat with 38 people onboard capsized in Kundal Dam in Swabi on Friday. According to police, 35 of the 38 passengers on board were rescued a day earlier,
Published 08 Jun, 2019 12:00am
Asghar Khan case: SC to resume hearing from 12th

Asghar Khan case: SC to resume hearing from 12th

The Supreme Court will resume hearing of famous Asghar Khan Case, involving alleged distribution of Rs 140 million by the Inter-Services Intelligence (ISI) among a group of politicians to manipulate the 1990 general elections, from June 12.
Published 08 Jun, 2019 12:00am
Hot and dry weather expected

Hot and dry weather expected

Mainly hot and dry weather is expected in most parts of the country, while it would be very hot in central/southern Punjab, eastern Balochistan and Sindh on Saturday. However, dust-thunderstorm/rain is expected at isolated places. Meanwhile, continental a
Published 08 Jun, 2019 12:00am
Sharif family to meet Nawaz in jail today

Sharif family to meet Nawaz in jail today

Members of Sharif family are meeting with the former PM Nawaz Sharif here at Kot Lakhpat Prison today. Sources claimed that Maryam Nawaz, Nawaz's mother Begum Shamim Akhter, nephew Hamza Shahbaz and others are expected to meet him today. They are going to
Published 08 Jun, 2019 12:00am
Electricity theft: PM praises minister for launching drive

Electricity theft: PM praises minister for launching drive

Prime Minister Imran Khan has congratulated Minister for Power Omar Ayub and Secretary Irfan Ali for launching a campaign against the electricity thieves and working towards removing bottlenecks in the power transmission.
Published 08 Jun, 2019 12:00am
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