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July 15, 2018 12:00 AM Terror attacks: Askari announces one-day mourning

LAHORE: Interim Chief Minister Punjab Dr Hasan Askari, expressing profound grief and sorrow over the loss of human lives in Mastung and Bannu, announced one-day mourning on Sunday (today). The national flag will remain at half-mast. Talking to the media during his visit to Peshawar, he said the Punjab government would provide free medical treatment to those 1

July 15, 2018 12:00 AM Chitral, Tank districts have one seat each in both NA, KP Assembly

PESHAWAR: There are two districts in Khyber Pakhtunkhwa (KP) where the number of votes for the National Assembly and provincial assembly seats is the same. Chitral, the northern-most district of Pakistan and Tank, the southern-most district in the province, have one seat each in the National Assembly and Khyber Pakhtunkhwa Assembly. This makes the two districts 1

July 13, 2018 12:00 AM SECP confirms PIF, PGF conversion into open-end funds

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has approved the conversion of PICIC Investment Fund (PIF) and PICIC Growth Fund (PGF), being managed by HBL AMC into open-end funds, an announcement said on Thursday. The corporate sector regulator in a statement said it managed to bring this longstanding issue to a successful conclusion 3

July 12, 2018 4:19 PM German envoy shares memories made during Shandor Polo Festival

CHITRAL: The German Ambassador to Pakistan Martin Kobler has been in full spirits during his visit to three-day Shandor Polo Festival in Chitral and it's all evident on social media . Kobler, alongside Marion Pfennigs, youth ambassador of the German Embassy, watched Chitral defeat Gilgit-Baltistan with 10-5 goals in the one-sided match held at world’s 5

July 11, 2018 12:00 AM Stocks inch up as value hunters go for oversold oil, financial shares

Stocks closed up on Tuesday following a volatile session as undervalued oil and financial scrips attracted institutional buyers and an assurance of timely elections by director general of the Inter-Services Public Relations (ISPR) restored some confidence among investors, dealers said. Analyst Ahsan Mehanti from Arif Habib Corporation said stocks closed 1

July 8, 2018 4:25 PM Maryam Nawaz shares flight details

KARACHI: Maryam Nawaz, daughter of ousted Prime Minister Nawaz Sharif, has confirmed she will be returning to Pakistan on July 13. The PML-N leader, who has been sentenced to eight years in prison in the Avenfield corruption reference, shared her flight details on Twitter, confirming her homecoming after nearly three-week stay in London. Maryam Nawaz 11

July 8, 2018 12:00 AM EchoStar drops $3.2bln bid for Inmarsat

LONDON: U.S. satellite group EchoStar dropped a $3.2 billion takeover approach for Inmarsat on Friday after failing with a late attempt to persuade the British company into talks.EchoStar, which is chaired by billionaire entrepreneur Charlie Ergen, said it would not table a formal offer for the UK satellite operator after the FTSE 250 company rejected 1

July 6, 2018 2:40 PM Pakistan Stock Exchange closes flat after see-saw session

The Pakistan Stock Exchange (PSX) landed flat on Friday after a see-saw session affected by political noise following the verdict announced by accountability court against Nawaz Sharif in Avenfield reference case. The benchmark KSE-100 index closed 45 points above yesterday's close at 40,284, after losing over 200 points within the first half hour of trading 5

July 4, 2018 12:25 PM PSX experiences worst slide in months as KSE-100 index loses 1,218 points

A bloodbath was observed at the Pakistan Stock Exchange (PSX) as the market saw its worst slide in months with the benchmark KSE-100 index losing 1,219 points. A day after the accountability court in Islamabad announced the date for the announcement of verdict on Avenfield references against Sharifs, the index slid to 40,346 points. The volumes remained 16

June 30, 2018 12:00 AM Khuhro’s papers rejected, daughter to contest from seat

SUKKUR: The PPPP President Sindh, Nisar Ahmad Khuhro, has bowed out of the electoral race following rejection of his nomination papers, while the fate of Manzoor Hussain Wasan and Muhammed Bakhash Mahr hangs in the balance. The SHC on Friday upheld the decision of the RO and the appellate election tribunal, which had rejected the nomination papers of Nisar