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Archive - 2016-11-04
Eight Indian embassy officials involved in terror activities: FO

Eight Indian embassy officials involved in terror activities: FO

Foreign Office on Thursday formally named eight diplomats and officials of Indian High Commission, belonging to Research and Analysis Wing (RAW) and Indian Intelligence Bureau (IB), to have involved in terror and subversive activities inside Pakistan.
Published 04 Nov, 2016 12:00am
Eight Indian embassy officials involved in terror activities: FO

Eight Indian embassy officials involved in terror activities: FO

Foreign Office on Thursday formally named eight diplomats and officials of Indian High Commission, belonging to Research and Analysis Wing (RAW) and Indian Intelligence Bureau (IB), to have involved in terror and subversive activities inside Pakistan.
Published 04 Nov, 2016 12:00am
22 killed, over 60 injured as trains collide

22 killed, over 60 injured as trains collide

A deadly collision of two passengers' trains on Thursday left at least 22 people dead and over 60 others injured near Landhi Railways Station, officials said. Both trains were en route to Karachi when a running Bahauddin Zakaria Express banged the station
Published 04 Nov, 2016 12:00am
22 killed, over 60 injured as trains collide

22 killed, over 60 injured as trains collide

A deadly collision of two passengers' trains on Thursday left at least 22 people dead and over 60 others injured near Landhi Railways Station, officials said. Both trains were en route to Karachi when a running Bahauddin Zakaria Express banged the station
Published 04 Nov, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 04 Nov, 2016 12:00am
PSEs under MoF control: Dar obtains powers to appoint members of BoDs

PSEs under MoF control: Dar obtains powers to appoint members of BoDs

Finance Minister, senator Ishaq Dar has reportedly obtained powers to appoint Members of the Board of Directors in public sector organisations falling under the administrative control of the Finance Ministry thereby adhering to the Supreme Court's verdict
Published 04 Nov, 2016 12:00am
PSEs under MoF control: Dar obtains powers to appoint members of BoDs

PSEs under MoF control: Dar obtains powers to appoint members of BoDs

Finance Minister, senator Ishaq Dar has reportedly obtained powers to appoint Members of the Board of Directors in public sector organisations falling under the administrative control of the Finance Ministry thereby adhering to the Supreme Court's verdict
Published 04 Nov, 2016 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Nov, 2016 12:00am
PSEs under MoF control: Dar obtains powers to appoint members of BoDs

PSEs under MoF control: Dar obtains powers to appoint members of BoDs

Finance Minister, senator Ishaq Dar has reportedly obtained powers to appoint Members of the Board of Directors in public sector organisations falling under the administrative control of the Finance Ministry thereby adhering to the Supreme Court''s verdic
Published 04 Nov, 2016 12:00am
UK court says Brexit needs parliament's approval

UK court says Brexit needs parliament's approval

A British court ruled on Thursday that the government needs parliamentary approval to start the process of leaving the European Union, potentially delaying Prime Minister Theresa May's Brexit plans.
Published 04 Nov, 2016 12:00am
UK court says Brexit needs parliament's approval

UK court says Brexit needs parliament's approval

A British court ruled on Thursday that the government needs parliamentary approval to start the process of leaving the European Union, potentially delaying Prime Minister Theresa May's Brexit plans.
Published 04 Nov, 2016 12:00am
BoK raises UK growth forecast

BoK raises UK growth forecast

The Bank of England on Thursday hiked its economic growth forecast for next year, as it froze its key interest rate at a record-low 0.25 percent and left stimulus unchanged. The BoE, revealing its quarterly outlook alongside the rate decision, raised its
Published 04 Nov, 2016 12:00am
BoK raises UK growth forecast

BoK raises UK growth forecast

The Bank of England on Thursday hiked its economic growth forecast for next year, as it froze its key interest rate at a record-low 0.25 percent and left stimulus unchanged. The BoE, revealing its quarterly outlook alongside the rate decision, raised its
Published 04 Nov, 2016 12:00am
BoK raises UK growth forecast

BoK raises UK growth forecast

The Bank of England on Thursday hiked its economic growth forecast for next year, as it froze its key interest rate at a record-low 0.25 percent and left stimulus unchanged. The BoE, revealing its quarterly outlook alongside the rate decision, raised its
Published 04 Nov, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Thursday (November 03, 2016).

Published 04 Nov, 2016 12:00am
Banks lead smart rally

Banks lead smart rally

Pakistan Stock Exchange (PSX) witnessed another bullish session Thursday and the benchmark KSE-100 index rose by 231.71 points to close at fresh high of 41,974.46 points.
Published 04 Nov, 2016 12:00am
Banks lead smart rally

Banks lead smart rally

Pakistan Stock Exchange (PSX) witnessed another bullish session Thursday and the benchmark KSE-100 index rose by 231.71 points to close at fresh high of 41,974.46 points.
Published 04 Nov, 2016 12:00am
Banks lead smart rally

Banks lead smart rally

Pakistan Stock Exchange (PSX) witnessed another bullish session Thursday and the benchmark KSE-100 index rose by 231.71 points to close at fresh high of 41,974.46 points.
Published 04 Nov, 2016 12:00am
BRIndex30 sheds 46 points

BRIndex30 sheds 46 points

On Thursday, BRIndex30 opened at 23,807.69 points. It touched an intraday high of 23,880.76 points and an intraday low of 23,734.12 points and closed at 23,761.69 points which was -46 points or -0.19 percent lower than previous close. Total volume was 253
Published 04 Nov, 2016 12:00am
BRIndex30 sheds 46 points

BRIndex30 sheds 46 points

On Thursday, BRIndex30 opened at 23,807.69 points. It touched an intraday high of 23,880.76 points and an intraday low of 23,734.12 points and closed at 23,761.69 points which was -46 points or -0.19 percent lower than previous close. Total volume was 253
Published 04 Nov, 2016 12:00am
THE RUPEE: steady trend
Currency

THE RUPEE: steady trend

The rupee maintained a firm posture in relation to the dollar on the money market on Thursday in the process of trading activity, dealers said.
Published 04 Nov, 2016 12:00am
IMF chief heaps praise on government

IMF chief heaps praise on government

The International Monetary Fund (IMF) Managing Director, Christine Lagarde, has said that IMF-supported economic reform programme helped restore macroeconomic stability and strengthened Pakistan economy's resilience.
Published 04 Nov, 2016 12:00am
THE RUPEE: steady trend
Currency

THE RUPEE: steady trend

The rupee maintained a firm posture in relation to the dollar on the money market on Thursday in the process of trading activity, dealers said.
Published 04 Nov, 2016 12:00am
IMF chief heaps praise on government

IMF chief heaps praise on government

The International Monetary Fund (IMF) Managing Director, Christine Lagarde, has said that IMF-supported economic reform programme helped restore macroeconomic stability and strengthened Pakistan economy's resilience.
Published 04 Nov, 2016 12:00am
IMF chief heaps praise on government

IMF chief heaps praise on government

The International Monetary Fund (IMF) Managing Director, Christine Lagarde, has said that IMF-supported economic reform programme helped restore macroeconomic stability and strengthened Pakistan economy''s resilience.
Published 04 Nov, 2016 12:00am
Gas price to stay unchanged: Khaqan

Gas price to stay unchanged: Khaqan

The government has decided not to increase gas price for domestic consumers against the recommendations of Oil and Gas Regulatory Authority (Ogra), which last month approved up to 36 percent increase in gas tariff for 2016-17.
Published 04 Nov, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (November 03, 2016).

Published 04 Nov, 2016 12:00am
Gas price to stay unchanged: Khaqan

Gas price to stay unchanged: Khaqan

The government has decided not to increase gas price for domestic consumers against the recommendations of Oil and Gas Regulatory Authority (Ogra), which last month approved up to 36 percent increase in gas tariff for 2016-17.
Published 04 Nov, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Thursday (November 03, 2016).

Published 04 Nov, 2016 12:00am
Gas price to stay unchanged: Khaqan

Gas price to stay unchanged: Khaqan

The government has decided not to increase gas price for domestic consumers against the recommendations of Oil and Gas Regulatory Authority (Ogra), which last month approved up to 36 percent increase in gas tariff for 2016-17.
Published 04 Nov, 2016 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Thursday (November 03, 2016).

Published 04 Nov, 2016 12:00am
PM's children asked to file replies by November 7

PM's children asked to file replies by November 7

Prime Minister Mian Nawaz Sharif on Thursday denied ownership of any offshore company and claimed that he never declared any of his children, including Maryam Nawaz, his dependent.
Published 04 Nov, 2016 12:00am
PM's children asked to file replies by November 7

PM's children asked to file replies by November 7

Prime Minister Mian Nawaz Sharif on Thursday denied ownership of any offshore company and claimed that he never declared any of his children, including Maryam Nawaz, his dependent.
Published 04 Nov, 2016 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Thursday (November 03, 2016)

Published 04 Nov, 2016 12:00am
Maryam as trustee: Imran claims to have documentary proof

Maryam as trustee: Imran claims to have documentary proof

The Pakistan Tehrik-Insaf has copies of the Prime Minister's nomination papers for 2013 elections in which he declared Maryam Nawaz as a dependent which led to questions of irregularities subsequent to the Panama papers which showed her as a trustee of of
Published 04 Nov, 2016 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Thursday (November 03, 2016).

Published 04 Nov, 2016 12:00am
Maryam as trustee: Imran claims to have documentary proof

Maryam as trustee: Imran claims to have documentary proof

The Pakistan Tehrik-Insaf has copies of the Prime Minister's nomination papers for 2013 elections in which he declared Maryam Nawaz as a dependent which led to questions of irregularities subsequent to the Panama papers which showed her as a trustee of of
Published 04 Nov, 2016 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 04 Nov, 2016 12:00am
PTI files comprehensive ToRs

PTI files comprehensive ToRs

After Supreme Court ordered the parties to submit their terms of reference (ToRs), Pakistan Tehreek-e-Insaf (PTI), a lead petitioner in the case, submitted its ToRs on Thursday for the proposed judicial commission that will hold a probe into the Panama le
Published 04 Nov, 2016 12:00am
LME official prices

LME official prices

The following were Wednesday official prices.

Published 04 Nov, 2016 12:00am
PTI files comprehensive ToRs

PTI files comprehensive ToRs

After Supreme Court ordered the parties to submit their terms of reference (ToRs), Pakistan Tehreek-e-Insaf (PTI), a lead petitioner in the case, submitted its ToRs on Thursday for the proposed judicial commission that will hold a probe into the Panama le
Published 04 Nov, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (November 03, 2016).

Published 04 Nov, 2016 12:00am
Shell companies' owners: Draft Cos Bill to allow SECP to seek details

Shell companies' owners: Draft Cos Bill to allow SECP to seek details

Securities and Exchange Commission of Pakistan (SECP) Chairman Zafar Hijazi Thursday said the draft Companies Bill 2016 would allow SECP to seek details of beneficial owners of foreign companies including offshore companies incorporated in Pakistan.
Published 04 Nov, 2016 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Thursday (November 03, 2016).

Published 04 Nov, 2016 12:00am
Shell companies' owners: Draft Cos Bill to allow SECP to seek details

Shell companies' owners: Draft Cos Bill to allow SECP to seek details

Securities and Exchange Commission of Pakistan (SECP) Chairman Zafar Hijazi Thursday said the draft Companies Bill 2016 would allow SECP to seek details of beneficial owners of foreign companies including offshore companies incorporated in Pakistan.
Published 04 Nov, 2016 12:00am
The Weather

The Weather

The weather report on Thursday (November 03, 2016) and the forecast for Friday (November 04, 2016).

Published 04 Nov, 2016 12:00am
Shell companies'' owners: Draft Cos Bill to allow SECP to seek details

Shell companies'' owners: Draft Cos Bill to allow SECP to seek details

Securities and Exchange Commission of Pakistan (SECP) Chairman Zafar Hijazi Thursday said the draft Companies Bill 2016 would allow SECP to seek details of beneficial owners of foreign companies including offshore companies incorporated in Pakistan.
Published 04 Nov, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 04 Nov, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 04 Nov, 2016 12:00am
PERA 1992: SBP objects to proposed amendments
Currency

PERA 1992: SBP objects to proposed amendments

State Bank of Pakistan has reportedly objected to some amendments proposed by Chairman Senate Standing Committee on Finance to the Protection of Economic Reforms Act (PERA) 1992 and stated that these would create problems for regulators from foreign excha
Published 04 Nov, 2016 12:00am
PERA 1992: SBP objects to proposed amendments
Currency

PERA 1992: SBP objects to proposed amendments

State Bank of Pakistan has reportedly objected to some amendments proposed by Chairman Senate Standing Committee on Finance to the Protection of Economic Reforms Act (PERA) 1992 and stated that these would create problems for regulators from foreign excha
Published 04 Nov, 2016 12:00am
PERA 1992: SBP objects to proposed amendments
Currency

PERA 1992: SBP objects to proposed amendments

State Bank of Pakistan has reportedly objected to some amendments proposed by Chairman Senate Standing Committee on Finance to the Protection of Economic Reforms Act (PERA) 1992 and stated that these would create problems for regulators from foreign excha
Published 04 Nov, 2016 12:00am
US airstrikes kill 30 Afghan civilians

US airstrikes kill 30 Afghan civilians

US airstrikes early Thursday killed at least 30 Afghan civilians, including women and children, in the volatile northern province of Kunduz, officials said, after a Taliban assault left two American soldiers dead.
Published 04 Nov, 2016 12:00am
US airstrikes kill 30 Afghan civilians

US airstrikes kill 30 Afghan civilians

US airstrikes early Thursday killed at least 30 Afghan civilians, including women and children, in the volatile northern province of Kunduz, officials said, after a Taliban assault left two American soldiers dead.
Published 04 Nov, 2016 12:00am
Over 100 dead in new migrant tragedy, second wreck feared

Over 100 dead in new migrant tragedy, second wreck feared

At least 110 people are feared to have drowned off Libya when a migrant boat capsized, and more may have died in another stricken vessel, the UN's refugee agency said Thursday, citing survivor testimonies.
Published 04 Nov, 2016 12:00am
Over 100 dead in new migrant tragedy, second wreck feared

Over 100 dead in new migrant tragedy, second wreck feared

At least 110 people are feared to have drowned off Libya when a migrant boat capsized, and more may have died in another stricken vessel, the UN's refugee agency said Thursday, citing survivor testimonies.
Published 04 Nov, 2016 12:00am
OGDC encounters hydrocarbons in three fields in Sindh

OGDC encounters hydrocarbons in three fields in Sindh

The Oil and Gas Development Company (OGDC) has encountered hydrocarbons from it new discoveries at its three fields in Sindh province. According to a notice sent to Pakistan Stock Exchange, OGDC has encountered hydrocarbons at its fileds including Gundanw
Published 04 Nov, 2016 12:00am
OGDC encounters hydrocarbons in three fields in Sindh

OGDC encounters hydrocarbons in three fields in Sindh

The Oil and Gas Development Company (OGDC) has encountered hydrocarbons from it new discoveries at its three fields in Sindh province. According to a notice sent to Pakistan Stock Exchange, OGDC has encountered hydrocarbons at its fileds including Gundanw
Published 04 Nov, 2016 12:00am
OGDC encounters hydrocarbons in three fields in Sindh

OGDC encounters hydrocarbons in three fields in Sindh

The Oil and Gas Development Company (OGDC) has encountered hydrocarbons from it new discoveries at its three fields in Sindh province. According to a notice sent to Pakistan Stock Exchange, OGDC has encountered hydrocarbons at its fileds including Gundanw
Published 04 Nov, 2016 12:00am
Pakistan's foreign exchange reserves down by $137 million

Pakistan's foreign exchange reserves down by $137 million

The country's total liquid foreign reserves declined slightly by $137 million during last week. According to State Bank of Pakistan (SBP), the country's foreign exchange reserves stood at $24.189 billion as on October 28, 2016 compared to $24.327 billion
Published 04 Nov, 2016 12:00am
Pakistan's foreign exchange reserves down by $137 million

Pakistan's foreign exchange reserves down by $137 million

The country's total liquid foreign reserves declined slightly by $137 million during last week. According to State Bank of Pakistan (SBP), the country's foreign exchange reserves stood at $24.189 billion as on October 28, 2016 compared to $24.327 billion
Published 04 Nov, 2016 12:00am
Pakistan''s foreign exchange reserves down by $137 million

Pakistan''s foreign exchange reserves down by $137 million

The country''s total liquid foreign reserves declined slightly by $137 million during last week. According to State Bank of Pakistan (SBP), the country''s foreign exchange reserves stood at $24.189 billion as on October 28, 2016 compared to $24.327 billio
Published 04 Nov, 2016 12:00am
Obama fires up Democratic base for Clinton in Florida

Obama fires up Democratic base for Clinton in Florida

President Barack Obama cut loose with a barn-burner campaign appearance Thursday, energising tepid Florida Democrats to get out, vote and give Hillary Clinton the chance to take up his mantle.
Published 04 Nov, 2016 12:00am
Obama fires up Democratic base for Clinton in Florida

Obama fires up Democratic base for Clinton in Florida

President Barack Obama cut loose with a barn-burner campaign appearance Thursday, energising tepid Florida Democrats to get out, vote and give Hillary Clinton the chance to take up his mantle.
Published 04 Nov, 2016 12:00am
Three more dengue cases surface in Tharparkar

Three more dengue cases surface in Tharparkar

Three new dengue cases surfaced in Tharparkar on Thursday after which the tally has reached to 153. Hospital sources said that three people shifted to different hospital of Tharparkar were found affected with dengue virus. With the new cases, the tally of
Published 04 Nov, 2016 12:00am
Air Chief meets his Chinese counterpart

Air Chief meets his Chinese counterpart

Chief of the Air Staff Sohail Aman had a meeting with General Ma Xiaotian, Commander of the Chinese PLA Air Force in Chinese City Zhuhai and discussed areas of bilateral interests. General Ma Xiaotian reiterated strong desire of his country to further dee
Published 04 Nov, 2016 12:00am
KP police chief inaugurates Model Police Station

KP police chief inaugurates Model Police Station

The Inspector General of Police (IGP) Khyber Pakhtunkhwa, Nasir Khan Durrani has that the establishment of Model Police Station, in the province reflect the real changes in thinking, behaviour and priorities of the police.
Published 04 Nov, 2016 12:00am
Applications for Chevening Scholarships close on November 8

Applications for Chevening Scholarships close on November 8

With just a few days to go, potential Chevening Scholars from Pakistan have been urged to submit their applications before the deadline closes on 8th November 2016, by the British Deputy High Commissioner, Patrick Moody at the British High Commission in I
Published 04 Nov, 2016 12:00am
JCP approves 14 names for additional judges of LHC

JCP approves 14 names for additional judges of LHC

Judicial Commission of Pakistan (JCP) on Thursday approved names of four district & sessions judges and ten advocates for their appointment as additional judges of the Lahore High Court. The commission headed by Chief Justice of Pakistan Anwar Zaheer Jama
Published 04 Nov, 2016 12:00am
Exercise Cambrian Patrol: COAS praises Army team for winning gold medal

Exercise Cambrian Patrol: COAS praises Army team for winning gold medal

Chief of Army Staff (COAS), General Raheel Sharif on Thursday met with Pakistan Army team which won gold medal in "Exercise Cambrian Patrol" held in UK from 14-23 October. A total of 122 teams participated in the event known as one of the toughest patroll
Published 04 Nov, 2016 12:00am
Bachelor Degree Programmes: SU changes date of pre-entry test

Bachelor Degree Programmes: SU changes date of pre-entry test

A meeting of convenors of various committees constituted to ensure fool-proof preparations for Pre-Entry Test of Bachelor Degree Programmes 2017 was held under the chairmanship of Professor Dr Muneeruddin Soomro, Dean, Faculty of Commerce & Business Admin
Published 04 Nov, 2016 12:00am
Construction of infrastructure of HSEZ in final stages

Construction of infrastructure of HSEZ in final stages

Khyber Pakhtunkhwa Economic Zones Development & Management Company (KPEZDMC) is delivering its promises as the construction of infrastructure of the Hattar Special Economic Zone (HSEZ) is in final stages. The Company held the groundbreaking ceremony of HS
Published 04 Nov, 2016 12:00am
SMEs: Ateeq for resolution of issues

SMEs: Ateeq for resolution of issues

Member KCCI and Executive Director AMTF, Ateeq ur Rehman has said Small and Medium Enterprise (SMEs) are still unable to receive their due share from financial institutions as SME finance portfolio and capacity to finance is missing from banks. For a fac
Published 04 Nov, 2016 12:00am
Four terrorists arrested in Multan

Four terrorists arrested in Multan

Four terrorists and five suspects were taken into custody during separate operations conducted by law enforcement agencies in Multan on Wednesday night. According to details, Counter Terrorism Department (CTD) conducted a raid on a house near Bahauddin Za
Published 04 Nov, 2016 12:00am
Smoggy conditions in Punjab and KP may persist

Smoggy conditions in Punjab and KP may persist

The Met Office has said that the smoggy condition in Punjab and Upper Khyber Pakhtunkhwa were likely to persist due to the current atmospheric pattern. It said that a shallow westerly wave would produce light to moderate rain in Northeast Punjab and Upper
Published 04 Nov, 2016 12:00am
PPP to protest if demands not met: Khursheed

PPP to protest if demands not met: Khursheed

Opposition leader in the National Assembly (NA) Khursheed Shah on Thursday warned the government that if Pakistan People's Party (PPP) questions were not answered regarding national security, failure in foreign policy and corruption revealed in the Panama
Published 04 Nov, 2016 12:00am
Jica holds workshop on apparels' export

Jica holds workshop on apparels' export

Japan International Cooperation Agency (Jica) organised a workshop on export of apparel at a local hotel on Thursday which was participated by the members of Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) and PHMA.
Published 04 Nov, 2016 12:00am
MIEA elects office-bearers for two years

MIEA elects office-bearers for two years

Dr Khurram Tariq, the CEO Kay & Emms (Pvt) Ltd, has been elected as Chairman, while Hamid Rashid CEO S M Textile and Muhammad Idrees Pansota, Director Lyallpur Fashions as Vice Chairmen of Millat Industrial Estate Association(MIEA) for two years term (201
Published 04 Nov, 2016 12:00am
Sartaj, Chinese FM meet in Bishkek

Sartaj, Chinese FM meet in Bishkek

Adviser to the Prime Minister on Foreign Affairs and Chinese Foreign Minister Wang Yi met on the sidelines of 15th SCO Heads of Government Council Meeting in Bishkek, Kyrgyzstan on Thursday. The two leaders held detailed discussions on the entire range of
Published 04 Nov, 2016 12:00am
PCJCCI facilitating Chinese language learning

PCJCCI facilitating Chinese language learning

Pakistani citizens by learning Chinese language can avail business and professional opportunities created by China Pakistan Economic Corridor (CPEC), Wang Zihai, President, Pak-China Joint Chamber of Commerce and Industry (PCJCCI) said.
Published 04 Nov, 2016 12:00am
Fight to the end, Baghdadi urges Mosul jihadists

Fight to the end, Baghdadi urges Mosul jihadists

The reclusive leader of the Islamic State group broke a nearly year-long silence as Iraqi forces closed in on Mosul Thursday, urging his jihadists to hold their ground.
Published 04 Nov, 2016 12:00am
Ukraine's leader speaks to 'fake' Kyrgyz president

Ukraine's leader speaks to 'fake' Kyrgyz president

Ukrainian president spoke to what he thought was his Kyrgyz counterpart by phone this week - only to discover that the person on the other end was someone else entirely. Details of the exchange between Petro Poroshenko and a man thought at the time to be
Published 04 Nov, 2016 12:00am
Iran commander says US in 'strong decline'

Iran commander says US in 'strong decline'

A senior Iranian military official welcomed Thursday what he said was the "strong decline" of the United States, during celebrations marking the start of the 1979 US embassy siege. "America is no longer number one and the first power of the world," deputy
Published 04 Nov, 2016 12:00am
Rebels renew Aleppo attack before Russia cease-fire

Rebels renew Aleppo attack before Russia cease-fire

Syrian rebels renewed their bid to break a government siege of eastern Aleppo on Thursday, shelling regime-held parts of the city hours before a brief Russian-declared cease-fire was due to begin.
Published 04 Nov, 2016 12:00am
Erdogan accuses Germany of 'harbouring terrorists'

Erdogan accuses Germany of 'harbouring terrorists'

Turkish President Recep Tayyip Erdogan on Thursday accused Germany of being one of the worst countries in the world for harbouring "terrorists", saying Berlin had not responded to requests to hand over suspects from the July 15 failed coup. Erdogan said t
Published 04 Nov, 2016 12:00am
Yemenis protest UN peace roadmap

Yemenis protest UN peace roadmap

Thousands of Yemenis protested Thursday against a new UN plan to end the devastating conflict between rebels and the Saudi-backed government, saying it would legitimise the insurgents' power grab.
Published 04 Nov, 2016 12:00am
Palestinian killed

Palestinian killed

Israeli troops on Thursday shot dead a Palestinian who tried to stab a soldier near the West Bank settlement of Ofra, the army said. "Palestinian assailant armed with a knife attempted to stab an Israel Defence Forces soldier guarding a bus stop near the
Published 04 Nov, 2016 12:00am
Climate pact goes live, turning up heat at UN talks

Climate pact goes live, turning up heat at UN talks

Just days after the landmark Paris climate pact comes into force Friday, diplomats from 196 nations gathering in Marrakesh will face intense pressure to translate its planet-saving promise into action.
Published 04 Nov, 2016 12:00am
Google rejects new EU charges

Google rejects new EU charges

US Internet giant Google on Thursday rejected new EU accusations that it illegally abuses its market dominance, in its formal reaction to anti-trust allegations by Brussels earlier this year. Google filed objections against beefed up charges made by hard-
Published 04 Nov, 2016 12:00am
Aussie tentative, kiwi up
Currency

Aussie tentative, kiwi up

The Australian dollar treaded water on Thursday as a tightening US presidential race rattled financial markets globally, although its New Zealand counterpart rose to a one-month peak. The Australian dollar was up 0.03 percent at $0.7661, after touching a
Published 04 Nov, 2016 12:00am
Sterling surges after Brexit ruling

Sterling surges after Brexit ruling

Sterling surged to a four-week high on Thursday after England's High Court ruled that the government needed parliamentary approval to trigger Brexit and the Bank of England scrapped plans to cut interest rates.
Published 04 Nov, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 78.45-78.46 (previous 78.44-78.46).
Published 04 Nov, 2016 12:00am
Asia FX gains amid US election jitters
Currency

Asia FX gains amid US election jitters

Most emerging Asian currencies gained on Thursday due to a weaker dollar, but the neck-and-neck battle for votes in the US presidential race kept investors on edge and away from riskier assets.
Published 04 Nov, 2016 12:00am
Early trade in New York: dollar recovers from multi-week lows
Currency

Early trade in New York: dollar recovers from multi-week lows

The US dollar stabilised from multi-week lows against a basket of major currencies on Thursday on reduced US election fears after a poll showed US Democratic presidential candidate Hillary Clinton maintained a narrow lead, while the Mexican peso rallied.
Published 04 Nov, 2016 12:00am
Politics dominate currency markets in Europe
Currency

Politics dominate currency markets in Europe

Politics dominated currency markets on Thursday as US election worries kept the dollar weak against the yen while sterling rose more than one percent after a UK court ruled parliament would have to approve the start of Brexit talks.
Published 04 Nov, 2016 12:00am
Dollar skids in Asia
Currency

Dollar skids in Asia

The dollar's losses deepened on Thursday as positioning for next week's US presidential election overshadowed the Federal Reserve's latest review, where policymakers signalled they were on track to hike rates next month. The dollar shed its early modest g
Published 04 Nov, 2016 12:00am
Russian trade representative seeks direct banking channel

Russian trade representative seeks direct banking channel

Trade Representative of Russian Federation in Pakistan Yury M. Kozlov has said that the lack of direct banking channel between Pakistan and Russia was a problem which had to be addressed by the two sides.
Published 04 Nov, 2016 12:00am
PIA begins row-wise boarding

PIA begins row-wise boarding

Pakistan International Airlines (PIA) has started row-wise boarding on all flights (except ATR flights) at Karachi, Lahore and Islamabad, on the directions of Chief Executive Officer Bernd Hildenbrand. Keeping the said development in view, PIA spokesman r
Published 04 Nov, 2016 12:00am
Dar reviews progress of NFC's Working Groups

Dar reviews progress of NFC's Working Groups

Finance Minister Senator Ishaq Dar chaired a meeting on Thursday to review progress so far achieved by the Working Groups constituted by the National Finance Commission for the next NFC Award.
Published 04 Nov, 2016 12:00am
Training under IOBM Outreach Program 2016 begins

Training under IOBM Outreach Program 2016 begins

Institute of Business Management held a welcome ceremony for 43 students from districts of rural Sindh including Badin, Sanghar, Umerkot, Tharparkar and Lasbela who joined the 4-Week Training Program under the IoBM Outreach Program 2016 aimed at inducting
Published 04 Nov, 2016 12:00am
Man commits suicide after killing brother

Man commits suicide after killing brother

A man on Thursday shot to death his brother, injured his sister-in-law, and committed suicide over the domestic issue in Baladia Ittehed Town area of Karachi. As per details, a man namely Muhammad Jan, resident of Baldia Ittehad Town, opened firing, criti
Published 04 Nov, 2016 12:00am
Panama Papers: PML-N accuses PTI of causing dealy

Panama Papers: PML-N accuses PTI of causing dealy

The ruling Pakistan Muslim League (PML-N) on Thursday flayed chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan, it was the opposition which delayed probe into Panama under one pretext or another. Addressing a press conference PML-N leaders including Stat
Published 04 Nov, 2016 12:00am
National Security & War Course participants visit SBP

National Security & War Course participants visit SBP

A delegation of National Security and War Course 2017 led by Major General Khalid Zia on Thursday visited State Bank of Pakistan. The delegation consisted of more than 100 senior military officials of Pakistan armed forces and 40 foreign countries to get
Published 04 Nov, 2016 12:00am
Wheat sowing advisory issued to avoid yield loss
Cotton

Wheat sowing advisory issued to avoid yield loss

The Met Office has asked the farmers of rains dependent areas to sow wheat till November 15 to avoid a yield loss. It warned that cultivation latter than November 5 would reduce wheat output. It asked the farmers of irrigated areas in Punjab, Sindh and Kh
Published 04 Nov, 2016 12:00am
May 12 mayhem: Waseem Akhtar granted bail in four cases

May 12 mayhem: Waseem Akhtar granted bail in four cases

An Anti-Terrorism Court-III (ATC-III) on Thursday granted bail to Mayor Karachi Waseem Akhtar in four cases pertaining to the May 12, 2007 mayhem and the incendiary speeches. According to prosecution, ATC Karachi also ordered the release of MQM leader.
Published 04 Nov, 2016 12:00am
Gulf Air increases direct flights to Pakistan

Gulf Air increases direct flights to Pakistan

Gulf Air, the national carrier of Bahrain, is set to increase its direct Sialkot service from two to four weekly flights starting from December 1 to meet high passenger demand, Bahrain News Agency (BNA) reports.
Published 04 Nov, 2016 12:00am
'Establishment of DHA Suffa University a dynamic initiative'

'Establishment of DHA Suffa University a dynamic initiative'

The strength of a nation is directly proportional to the educational prowess of its people. DHA aware of its corporate responsibilities and accords highest priority to promotion of quality education at all levels.
Published 04 Nov, 2016 12:00am
Azim Abbas made head of PIA Food Division

Azim Abbas made head of PIA Food Division

Pakistan International Airlines (PIA) on Thursday appointed Azim Abbas as head of Food Services Division after promoting him as General Manager (GM). According to details, CEO Bernd Hildenbrand is laying special emphasis on revitalizing the food Services
Published 04 Nov, 2016 12:00am
FPCCI concerned at rising public debt

FPCCI concerned at rising public debt

Federation of Pakistan Chambers of Commerce & Industry (FPCCI) expressed its serious concern over the rising of the public debt to GDP ratio of Pakistan.
Published 04 Nov, 2016 12:00am
Telenor Pakistan holds special roadshow with OPEN Silicon Valley

Telenor Pakistan holds special roadshow with OPEN Silicon Valley

In a bid to turbocharge its digital inclusion initiatives in the country, Pakistan's foremost telecom services provider Telenor Pakistan is seeking to build a long-term knowledge and experience sharing channel with the Silicon Valley.
Published 04 Nov, 2016 12:00am
Legal trade of gemstones: Customs to establish special desk at Torkham

Legal trade of gemstones: Customs to establish special desk at Torkham

Pakistan Customs has agreed for establishment of desk to give legal cover to gemstones transported to Pakistan illegally and increase in the revenue. All Pakistan Commercial Exporters Association (APCEA) has been given assurance that the desk would soon b
Published 04 Nov, 2016 12:00am
FTSE falls after UK govt loses Brexit ruling, BoE decision

FTSE falls after UK govt loses Brexit ruling, BoE decision

Britain's top share index fell on Thursday after the government lost a court case on how to trigger the process for leaving the European Union and the Bank of England shifted away from cutting interest rates further. The blue chip FTSE 100 index was down
Published 04 Nov, 2016 12:00am
South East Asian markets down

South East Asian markets down

Southeast Asian stock markets ended lower on Thursday, as investors remained cautious ahead of the US presidential election, with the Philippine index falling more than 1 percent to its lowest close in nearly six months.
Published 04 Nov, 2016 12:00am
Australian shares flat; New Zealand down

Australian shares flat; New Zealand down

Australian shares closed flat on Thursday, after rising marginally earlier, with investors maintaining caution and opting for less risky assets ahead of next week's hotly contested US presidential election. The S&P/ASX 200 index ended down 0.06 pct at 5,2
Published 04 Nov, 2016 12:00am
European shares end losing streak but Brexit ruling, CS losses weigh

European shares end losing streak but Brexit ruling, CS losses weigh

European shares ended flat on Thursday, giving up early gains as a London court ruling complicated the Brexit process, boosting the pound and sending British blue chips to a five-week low. The pan-European STOXX 600 ended flat after eight sessions of loss
Published 04 Nov, 2016 12:00am
Indian shares fall to 3-1/2 month lows

Indian shares fall to 3-1/2 month lows

Indian shares fell for a third consecutive session on Thursday to hit more than 3-1/2 month lows, as investor sentiment remained weak over uncertainties about the outcome of the US elections next week. The BSE index fell 0.35 percent to 27,430.28, after e
Published 04 Nov, 2016 12:00am
Hong Kong shares lower

Hong Kong shares lower

Hong Kong stocks closed at a 2-1/2-month low on Thursday, as worries over the tightening US presidential election race outweighed optimism generated by an upbeat China service sector survey. The Hang Seng index fell 0.6 percent to 22,683.51 points, while
Published 04 Nov, 2016 12:00am
US bonds gain safety bid on US election jitters

US bonds gain safety bid on US election jitters

US Treasury yields fell to their lowest in a week on Wednesday as uncertainty ahead of next week's US presidential election enhanced the appeal of safe-haven bonds, and the Federal Reserve did not commit to an imminent interest rate hike.
Published 04 Nov, 2016 12:00am
US bonds gain safety bid on US election jitters

US bonds gain safety bid on US election jitters

US Treasury yields fell to their lowest in a week on Wednesday as uncertainty ahead of next week's US presidential election enhanced the appeal of safe-haven bonds, and the Federal Reserve did not commit to an imminent interest rate hike.
Published 04 Nov, 2016 12:00am
Japanese markets closed

Japanese markets closed

The stocks, financial and commodity markets in Japan were closed on Thursday for a public holiday.
Published 04 Nov, 2016 12:00am
Wall Street lower as Fed sets stage for December rate hike

Wall Street lower as Fed sets stage for December rate hike

Wall Street stayed weak on Wednesday after the Federal Reserve kept interest rates unchanged but signalled it could hike in December, as equities remained pressured by uncertainty over the impending US elections. The S&P 500 was headed toward its seventh
Published 04 Nov, 2016 12:00am
China stocks soar

China stocks soar

China stocks rose after a private survey showed more signs of economic stability on Thursday, with sentiment also spurred by the upcoming Shenzhen-Hong Kong Stock Connect scheme. The blue-chip CSI300 index rose 1 percent, to 3,365.09, while the Shanghai C
Published 04 Nov, 2016 12:00am
US services sector slows; jobless claims rise

US services sector slows; jobless claims rise

US services industry activity cooled in October amid a slowdown in new orders and hiring, suggesting a moderation in economic growth early in the fourth quarter.
Published 04 Nov, 2016 12:00am
Turkish consumer prices jump
Currency

Turkish consumer prices jump

A sharp seasonal rise in clothing prices drove Turkish consumer prices up 1.44 percent in October, official data showed on Thursday, but a fall in annual core inflation could support the case for the central bank to resume interest rate cuts.
Published 04 Nov, 2016 12:00am
Eurozone unemployment holds steady
Currency

Eurozone unemployment holds steady

Unemployment in the eurozone held steady at 10 percent in September, official data showed on Thursday, as the recovery in the European jobs market continued to haltingly improve. The rate fell in with analyst forecasts as the eurozone continues a painfull
Published 04 Nov, 2016 12:00am
Paper giant UPM cuts 275 jobs in Germany, Austria

Paper giant UPM cuts 275 jobs in Germany, Austria

The world's leading magazine paper maker, Finnish UPM-Kymmene, announced Thursday 275 job losses in Germany and Austria, in further cuts to its European paper production hit by readers going digital.
Published 04 Nov, 2016 12:00am
'An open letter to the IMF': MoF's response

'An open letter to the IMF': MoF's response

Dr Ashfaque H. Khan, Dr Hafiz A. Pasha and Dr Salman Shah in their article titled "The other side of Picture: An open letter to the IMF" published in the Business Recorder dated 24-10-2016 have tried to present the other side of the picture on succ
Published 04 Nov, 2016 12:00am
Train tragedy: Initial inquiry to be completed within 72 hours: Saad

Train tragedy: Initial inquiry to be completed within 72 hours: Saad

Announcing compensation for families of victims and the injured in Thursday's train collision in Karachi, Railways Minister Khawaja Saad Rafique said that initial inquiry into the accident would be carried out within 72 hours while detailed inquiry will t
Published 04 Nov, 2016 12:00am
6.95 million bales of cotton reach ginneries
Cotton

6.95 million bales of cotton reach ginneries

Pakistan Cotton Ginners Association (PCGA) has issued the figures of cotton arrival up to October 31st, 2016. Seed cotton (Phutti) equivalent to over 69,48,381 bales of cotton have reached ginneries across Pakistan as of October 31st showing an increase o
Published 04 Nov, 2016 12:00am
Fatemi briefs OIC envoys on HR violations in IoK

Fatemi briefs OIC envoys on HR violations in IoK

The Special Assistant to the Prime Minister (SAPM) on Foreign Affairs Tariq Fatemi on Thursday briefed the Islamabad-based OIC Ambassadors on the continuing grave human rights violations in the Indian occupied Jammu and Kashmir (IoK), being committed by t
Published 04 Nov, 2016 12:00am
PBIF president calls for increasing oil storage capacity

PBIF president calls for increasing oil storage capacity

President of Pakistan Businessmen and Intellectuals Forum (PBIF) Mian Zahid Hussain has said that oil storage capacity in Pakistan is very low which must be increased to twenty days storage.
Published 04 Nov, 2016 12:00am
Nisar defends DPC's public gathering, rejects criticism

Nisar defends DPC's public gathering, rejects criticism

While rejecting criticism against the government for permitting Difa-e-Pakistan Council (DPC) to hold public gathering in Islamabad despite imposition of section 144, Interior Minister Chaudhry Nisar Ali Khan on Thursday said that the council had sought p
Published 04 Nov, 2016 12:00am
Weather outlook: water shortages feared

Weather outlook: water shortages feared

Pakistan Metrological Department (PMD) has submitted weather outlook for November and December 2016, according to which water shortages are expected in both months due to climate forcing.
Published 04 Nov, 2016 12:00am
Indian journalist refuses to receive award from Modi

Indian journalist refuses to receive award from Modi

Akshaya Mukul, a journalist from The Times of India, refused to receive the celebrated Ramnath Goenka Excellence in Journalism Award for 2016 on the grounds that it was being given away by Prime Minister Narendra Modi. According to a report, Mukul boycott
Published 04 Nov, 2016 12:00am
Gadani tragedy: PPP submits calling attention notice in NA Secretariat

Gadani tragedy: PPP submits calling attention notice in NA Secretariat

Paksitan People's Party (PPP) on Thursday submitted a calling attention notice in the National Assembly Secretariat regarding the explosion in an oil tanker at Gadani ship-breaking yard in which more than 18 people were killed and many sustained serious i
Published 04 Nov, 2016 12:00am
TAPI project: Pakistan to get 13.8bn cubic meters gas

TAPI project: Pakistan to get 13.8bn cubic meters gas

The TAPI gas pipeline's early completion would bring 13.8 billion cubic meters gas from Turkmenistan to Pakistan to cater for its growing energy demand and strengthen the country's energy security.
Published 04 Nov, 2016 12:00am
Nadra employee in Kuwait booked for Rs 8.2 million fraud

Nadra employee in Kuwait booked for Rs 8.2 million fraud

Following the directives of Interior Minister Chaudhry Nisar Ali Khan, a case has been registered against an employee of National Database and Registration Authority (Nadra) in Pakistan embassy in Kuwait over embezzlement of Rs8.2 million.
Published 04 Nov, 2016 12:00am
KP CM urged to remove lacunae from MTI Act, 2015

KP CM urged to remove lacunae from MTI Act, 2015

Provincial Doctors' Association (PDA) has asked Chief Minister Pervez Khattak for removing of lacunas from Medical Teaching Institutions Act 2015 and for this they had submitted a formal written application with the later.
Published 04 Nov, 2016 12:00am
Ryanair plants new low-cost foothold in Frankfurt

Ryanair plants new low-cost foothold in Frankfurt

Irish low-cost airline Ryanair on Wednesday said it would base two aircraft at Frankfurt airport, Germany's busiest, serving sun-soaked tourist destinations in Portugal and Spain - sparking outrage among German competitors. Ryanair hopes to bring 400,000
Published 04 Nov, 2016 12:00am
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