Terming agriculture credit cards scheme as an innovative step of the PTI government, Punjab Chief Minister Sardar Usman Buzdar Thursday said that farmers will be directly paid the price of wheat, sugarcane and other crops. "The farmers will also be provid
Punjab Minister for Housing and Urban Development Mian Mehmood-ur-Rasheed has directed to launch Rural Housing Pilot Project on emergent basis for providing low-cost houses in the rural areas of the province. He was presiding over a meeting of Punjab Hous
There is a huge growth potential in the Pakistani e-commerce industry, but to unleash this potential government intervention in the form of tax relief is needed, said Ehsan Saya, Managing Director of Daraz Pakistan.
The Pakistan Peoples Party (PPP) Punjab has condemned arrest of former premier Shahid Khaqan Abbasi, saying consecutive arrests of opposition leaders suggest that the country is heading towards dictatorship. Secretary Information PPP Punjab Syed Hassan Mu
The Kissan Board Pakistan (KBP) will soon announce a movement against corruption after consultation between office-bearers of all the four provincial organizations of the Board. The Board also announced to fully participate in "Corruption Free Pakistan" c
The Supreme Court on Thursday sought reply form Tehreek-i-Labbaik Pakistan (TLP) Chief Maulana Khadim Hussain Rizvi within a week on the Punjab government's appeal for cancellation of his bail. Earlier, the Additional Prosecutor General argued that the La
The Punjab Provincial Development Working Party approved three development schemes of energy and fisheries sectors with an estimated cost of Rs 7.667 billion. The approved development schemes included retrofitting of public institutes as a part of World B
Haleeb Foods one of the leading food and Beverages Company of Pakistan won prestigious accolade in the food category at the 16th Annual Environment Excellence Awards for being committed to be at the forefront of the environmental protection in Pakistan.
"Japan's technical support has helped local auto parts manufacturers to get prepared for export market by improving quality and productivity of their products as per world's requirements." Small and Medium Enterprises Development Authority (Smeda) General
The Lahore Electric Supply Company (Lesco) has charged 17 percent GST to zero-rated industrial consumers of electricity without tariff notification/direction by the government to withdraw the facility of zero rating and charge GST from them. The Lesco sta
A spokesman of Board of Intermediate & Secondary Education Lahore in his statement issued on Thursday said that smoke was seen rising from first floor of old building of BISE and as a result of which paper waste kept in the varanda catch fire during last
"One victory over so many, many defeats, we should savour it, and I mean the Yadav decision by the international court." "Indeed, though the defeats are too many - the billions of dollars that we would have to pay due to losing cases in the international
Stocks in the United Arab Emirates surged on Thursday, outperforming most major Gulf markets, boosted by strong earnings at top lenders. In Abu Dhabi, the index closed 2.7% higher, buoyed by First Abu Dhabi Bank (FAB), which rose 4% to its highest level s
Japanese shares recorded their biggest one-day fall in nearly four months on Thursday as dismal export data and weak US corporate earnings raised fresh worries about fallout from the Sino-US trade war. The Nikkei share average fell 1.97% to 21,046.24 poin
Wall Street's main indexes were set for their third day of losses on Thursday, as Netflix reported a surprise fall in US subscribers in a downbeat start to results from high-growth companies. Shares of the streaming pioneer tumbled 11.1% to their lowest s
US stock indexes fell on Wednesday as weak results from CSX Corp stoked concerns that the protracted trade war between the United States and China could hurt corporate earnings. CSX shares tumbled 10.3%, their biggest one-day drop since 2008, after the ra
Indian shares snapped three sessions of gains to end lower on Thursday, dragged by financials, mainly Yes Bank Ltd that saw heavy selling throughout the session following poor quarterly results. The benchmark BSE index closed down 0.81% at 38,897.46 but h
US Treasury yields fell on Wednesday as concerns about the US-China trade war boosted demand for safe haven debt and after data showed weakness in the US housing market. US President Donald Trump said on Tuesday the United States still had a long way to g
US Treasury yields fell on Wednesday as concerns about the US-China trade war boosted demand for safe haven debt and after data showed weakness in the US housing market. US President Donald Trump said on Tuesday the United States still had a long way to g
Energy and commodity-related firms led losses on the Australian benchmark share index on Thursday, while renewed concerns over US-China trade relations kept investor risk appetite in check. The S&P/ASX 200 index ended 0.4% lower at 6,649.10. The benchmark
China stocks fell on Thursday as investors prepared for tepid results from the ongoing earnings season, as weak corporate earnings trends in the US underscored the impact of the trade standoff beetween Beijing and Washington Shenzhen's tech-heavy board Ch
European stocks ended lower on Thursday, as earnings worries ran high after poor results from software firm SAP sank technology shares, although hopes of looser monetary policy from the European Central Bank helped indexes bounce off early lows. After fal
Malaysian shares fell for the third straight session on Thursday to close at their lowest in a month, while most other Southeast Asian stock markets were subdued as renewed Sino-US trade concerns weighed on risk sentiment in the region. The Wall Street Jo
Britain's FTSE 100 followed other major stock markets lower on Thursday as initial batches of corporate earnings jangled nerves over global growth, while losses for London's mid-cap index were capped by a buyout of pub operator Ei Group. All but two of th
Morgan Stanley reported a drop in quarterly profit Thursday, hit by lower market activity amid global trade tensions and expectations for US interest rate cuts. It was the last big US bank to report earnings in a quarter that exposed weaknesses in Wall St
Morgan Stanley reported a drop in quarterly profit Thursday, hit by lower market activity amid global trade tensions and expectations for US interest rate cuts. It was the last big US bank to report earnings in a quarter that exposed weaknesses in Wall St
Former auto titan Carlos Ghosn, currently under house arrest in Tokyo, is suing Nissan and Mitsubishi in a Dutch court for "improper termination" of his contract, French newspaper Le Figaro reported Wednesday. Ghosn is accusing the Japanese manufacturers
Digital currencies such as Facebook's planned Libra raise serious concerns and must be regulated as tightly as possible to ensure they do not upset the world's financial system, Group of Seven finance ministers and central bankers said on Thursday. Financ
Digital currencies such as Facebook's planned Libra raise serious concerns and must be regulated as tightly as possible to ensure they do not upset the world's financial system, Group of Seven finance ministers and central bankers said on Thursday. Financ
French car giant Renault plans to assemble two low-cost vehicles in Nigeria via a joint venture with the local conglomerate Coscharis, a Renault statement said Thursday. Renault, which claims an 18 percent share of the African auto market, wants to "respo
French car giant Renault plans to assemble two low-cost vehicles in Nigeria via a joint venture with the local conglomerate Coscharis, a Renault statement said Thursday. Renault, which claims an 18 percent share of the African auto market, wants to "respo
Britain might be entering a full-blown recession and a no-deal Brexit could more than double the country's budget deficit next year, the watchdog for public finances said on Thursday. The Office for Budget Responsibility said the world's fifth-biggest eco
The EU hit US chipmaking giant Qualcomm with an antitrust fine of 242 million euros ($271 million) Thursday, in another blow against a tech titan that is fighting competition battles in Asia and the US. The fine is the second mega penalty levelled against
The EU hit US chipmaking giant Qualcomm with an antitrust fine of 242 million euros ($271 million) Thursday, in another blow against a tech titan that is fighting competition battles in Asia and the US. The fine is the second mega penalty levelled against
Boasting the priciest designer stores, no expense was spared when Dubai built the swanky Gate Avenue mall, positioned to serve affluent bankers who always had money to burn. But the downtown mall gleaming with marble in the Middle East's biggest financial
South Africa's central bank on Thursday cut its key interest rate for the first time since March 2018 as it sought to boost the contracting economy. The South African Reserve Bank's (SARB) monetary policy committee "unanimously decided to reduce the repur
The number of Americans filing applications for unemployment benefits increased moderately last week, pointing to still strong labour market conditions despite signs that economic activity was slowing. Other data on Thursday showed factory activity in the
Juventus announced the signing of Dutch teenager Matthijs de Ligt from Ajax Amsterdam on Thursday, having secured one of the most sought-after young players in world soccer for 75 million euros ($84.25 million). The 19-year-old Netherlands international,
Tiger Woods made a horrible start to his bid for a 16th major title at the British Open on Thursday, slipping to six-over par after only 10 holes of his opening round. Struggling off the tee, the 43-year-old American, followed by swathes of spectators, st
David Duval hit the worst round at the British Open for 22 years on Thursday after carding a 14 on the par-five seventh to languish at the bottom of pack on 20 over par at Royal Portrush. Duval's Open win in 2001 ensures he is invited back as a former cha
Former Liverpool striker Daniel Sturridge has been fined and suspended for six weeks for breaching betting rules, the Football Association announced on Thursday. An independent regulatory commission found that 29-year-old Sturridge, capped 26 times by Eng
Britain's Simon Yates won stage 12 of the Tour de France on Thursday, beating two other survivors of a mass breakaway in the Pyrenees. Defending champion Geraint Thomas and current overall leader Julian Alaphilippe finished the slog over two tough climbs
Sam Curran believes England's historic World Cup triumph will inspire the Ashes team as attention turns towards their attempt to regain the urn. Sunday's dramatic end to the 50-over tournament has overshadowed the build-up to the five-Test showdown agains
A group of rueful New Zealand players touched down on home soil on Thursday, still coming to terms with the gut-wrenching defeat to England in the World Cup final. Pace bowler Trent Boult was among six Black Caps players making a low-key homecoming at Auc
FIFA president Gianni Infantino has rejected comments that the global soccer body has taken a "colonialist" attitude towards African football and its governing organisation CAF (Confederation of African Football). FIFA last month took the unprecedented mo
Tokyo is facing a shortage of accommodation when Olympic fans pour into the Japanese capital for next year's Games so officials are looking offshore - to moored cruise ships operating as floating hotels. Despite a construction boom, Tokyo could be short a
International cricket chiefs on Thursday suspended Zimbabwe over a failure to keep the sport free from government interference, putting in doubt their participation in qualifiers for the World T20. The decision means ICC funding to Zimbabwe Cricket will b
The dollar slipped on Thursday as risk aversion in the broader markets pushed benchmark US yields to a nine-day low. The dollar index versus a basket of six major currencies was down 0.2% at 97.081. The index had climbed to a one-week peak of 97.444 the p
The dollar slipped for a second day against its rivals on Thursday on the back of softer US Treasury yields after weak housing data as investors geared up for a policy meeting next week where officials are set to cut interest rates for the first time in a
The euro dipped on Thursday following a report the European Central Bank staff is studying a potential change to its inflation goal, while the dollar was little changed amid bets the Federal Reserve would lower interest rates in two weeks. Sterling rose f
The dollar softened against most major currencies on Wednesday in step with lower US bond yields and expectations the Federal Reserve would lower interest rates, reversing some of the prior day's gains tied to stronger-than-forecast retail sales data. The
South Africa's rand rallied against the dollar on Thursday and bond yields fell after the central bank cut its main lending rate by 25 basis points in a widely expected move to counter floundering economic growth. At 1600 GMT, the rand was 0.93% higher at
Most emerging Asian currencies rose against the dollar on Thursday, with the Korean won leading the gains after a surprise rate cut by the nation's central bank was seen by traders as positive move for a stuttering economy. The dollar index eased slightly
The Turkish lira firmed on Thursday afternoon after US President Donald Trump said the United States is not currently looking at sanctioning Turkey over its purchase of Russian air defence systems. The currency was steady earlier in the day, shrugging off
The pound rebounded on Thursday after stronger-than-expected retail sales numbers, also finding support from a vote by lawmakers to make it harder for Britain's next prime minister to try to force a no-deal Brexit. MPs approved the final wording of the pl
The Australian dollar inched ahead on Thursday as mixed jobs data offered no new incentive to wager on a rate cut in the near term, while bonds rallied as US markets narrowed the odds on an aggressive easing from the Federal Reserve. The Aussie was 0.3% f
On Wednesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 4,029. The traded value of Metals, Energy and COTS/FX was recorded at PKR 9.620 billion and the numbers of lots traded were 9,183.
Chicago Board of Trade soft red winter wheat futures and K.C. hard red winter wheat futures fell on Wednesday as US harvests progressed, traders said. CBOT September soft red winter wheat ended down 2 cents at $5.05-1/2 per bushel. K.C. September hard red
Chicago Board of Trade (CBOT) soyabean futures sagged on Wednesday on technical selling and expectations that cooler temperatures will ease stress on US crops next week, traders said. CBOT August soyabeans settled down 5-1/4 cents at $8.82-1/2 a bushel. N
Asia's naphtha crack recovered to a two-session high of $27.40 a tonne after falling to a 2-1/2 week low in the previous session as weaker Brent crude prices gave refiners some reprieve. Gasoline crack also recovered to a two-session high of $7.57 a barre
European wheat futures edged higher on Wednesday, underpinned by chart support and a one-week low for the euro, as traders awaited a clearer picture of the summer harvest in Europe. December milling wheat, the most active contract on Paris-based Euronext,
The Karachi Port handled 100,383 tonnes of cargo comprising 84,951 tonnes of import cargo and 15,432 tonnes of export cargo including 7,454 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargos of 8
Steady trend was seen on the cotton market on Thursday in the process of improved trading activity, dealers said. The official spot rate was unchanged at Rs 8300, they added. In ready session, around 8,000 bales of cotton changed hands between Rs 8400-857
Iron ore futures in China dropped 1.2% on Wednesday as market participants took a breather after the steelmaking raw material's sustained rally that had brought it to the highest level since the 2013 launch of the index. The pullback followed news about a
Thousands marched in Puerto Rico for a fifth day on Wednesday demanding the resignation of Governor Ricardo Rossello, following corruption accusations and the leak of text chats in which he made sexist and homophobic remarks.
Canadian Prime Minister Justin Trudeau launched the Canada-EU summit Wednesday by praising the "progress" resulting from CETA, their free trade deal, while European Council president Donald Tusk called Ottawa the bloc's "closest transatlantic partner."
Sri Lankan detectives Thursday arrested the chief executive at the police watchdog over his alleged involvement in a multi-million dollar gun-running racket and sought international help to trace four other suspects.
A suspected arson attack at an animation production company in Japan killed 33 people and injured dozens more on Thursday, after a man reportedly doused the building with flammable liquid and shouted "drop dead." A motive for the apparent attack remained
An Indian restaurant tycoon known as the "Dosa King" died in hospital Thursday, a week after beginning a life sentence for the murder of a love rival. P. Rajagopal, 71, was convicted for the murder of his love interest's husband in 2004, but only went to
At least 11 people were killed and scores more wounded Thursday when the Taliban attacked a police headquarters in the southern city of Kandahar, officials and the insurgents said.