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Archive - 2016-11-09
Clinton offers to work with Trump
World Top News

Clinton offers to work with Trump

NEW YORK: Democratic presidential candidate Hillary Clinton on Wednesday conceded her election loss to Republican Donald
Published 09 Nov, 2016 05:35pm
World leaders take stock of Trump win
World Top News

World leaders take stock of Trump win

PARIS: Politicians worldwide took stock Wednesday of Donald Trump's shock US election victory, with the president-el
Published 09 Nov, 2016 01:43pm
Shock and angst in Asia as Trump rises
World Top News

Shock and angst in Asia as Trump rises

KUALA LUMPUR: Donald Trump's stunning performance in the US presidential election triggered shock and angst in Asia,
Published 09 Nov, 2016 06:20am
SBP sets up data portal for youth loan
Top News

SBP sets up data portal for youth loan

RIZWAN BHATTIKARACHI: The State Bank of Pakistan (SBP) has announced setting up of a central portal for Prime Minister Y
Published 09 Nov, 2016 05:47am
CPEC: Western route issue to be resolved in parliamentary body: Ahsan

CPEC: Western route issue to be resolved in parliamentary body: Ahsan

Minister for Planning, Development and Reform Ahsan Iqbal on Tuesday said that western route issue of ChinaPakistan Economic Corridor (CPEC) should be resolved in the parliamentary committee instead of taking it to courts or discuss in media. He expressed
Published 09 Nov, 2016 12:00am
Energy sector scheme worth Rs 165 million approved

Energy sector scheme worth Rs 165 million approved

The Punjab Provincial Development Working Party (PPDWP) approved the development scheme of energy sector with an estimated cost of Rs 165 million. The schemes were approved in the 28th meeting of Provincial Development Working Party (PDWP) of the current
Published 09 Nov, 2016 12:00am
Chinese firm to lift Karachi's garbage

Chinese firm to lift Karachi's garbage

The Sindh Solid Waste Management Board (SSWMB) has entered into an agreement with the Chinese firms M/S Shangahi Canghi Sanitation Engineering. An official of the provincial Government said here on Tuesday that the agreement pertains to cleanliness in Dis
Published 09 Nov, 2016 12:00am
Lasbela-CCI president proposes HITE phase-2 be declared SEZ

Lasbela-CCI president proposes HITE phase-2 be declared SEZ

President of Lasbela Chamber of Commerce and Industry (LCCI) Ismail Suttar has urged the government to declare Hub Industrial and Trading Estate (HITE) Phase 2 as a Special Economic Zone (SEZ). This term is used for designated areas with special economic
Published 09 Nov, 2016 12:00am
Security concerns: educational institutes closed in Quetta

Security concerns: educational institutes closed in Quetta

Several educational institutions in Quetta have been closed due to a terror threat alert in the region. Schools under the Catholic Board of Education as well as several other private schools, IT and women's universities were closed over security concerns
Published 09 Nov, 2016 12:00am
Shehla Raza receives 'threat'

Shehla Raza receives 'threat'

Pakistan People's Party leader and Deputy Speaker of Sindh Assembly Shehla Raza received a life threatening letter, here on Tuesday. The letter, a copy of which available with Business Recorder stated: "Give me Rs 500 million, or else, I would blow
Published 09 Nov, 2016 12:00am
Iqbal Day: All schools across Sindh to remain closed today

Iqbal Day: All schools across Sindh to remain closed today

All public and private schools across Sindh will remain closed on Wednesday, November 9 on account of Iqbal Day. The announcement comes after the federal government declared November 9 a public holiday. Last year, the federal government abolished the publ
Published 09 Nov, 2016 12:00am
SU holds seminar on Chinese scholarship opportunities

SU holds seminar on Chinese scholarship opportunities

A seminar to raise awareness regarding Chinese Scholarship opportunities was held at Institute of Business Administration, University of Sindh. Director IBA, Professor Imamuddin Khoso was the chief guest. A huge number of students from different departmen
Published 09 Nov, 2016 12:00am
Separate politics from economy, says President PAJCCI

Separate politics from economy, says President PAJCCI

President of Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI), Zubair Motiwala has emphasised that segregation of politics from business is a dire need for reducing trust deficit and creating confidence for strong economic cooperation across the
Published 09 Nov, 2016 12:00am
Government urged to finance SMEs

Government urged to finance SMEs

Senior Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Shaikh Khalid Tawab has expressed his concern over the low and insignificant level of financing of Small and Medium Enterprises (SMEs) which otherwise might have
Published 09 Nov, 2016 12:00am
Swiss Business Council elects office-bearers for 2016-17

Swiss Business Council elects office-bearers for 2016-17

Subsequent to the eight Annual General Meeting (AGM) of Swiss Business Council (SBC) held in Karachi on 31 October 2016, the board elected SBC office bearers for the term year 2016-17. Farhat Ali was elected as the President SBC, Shahab Rizvi as the vice
Published 09 Nov, 2016 12:00am
Two cameramen of TV channel robbed

Two cameramen of TV channel robbed

Unidentified men on Tuesday robbed two cameramen of a TV channel here on Tuesday. The two journalists-Noman Ahmad Nizami and Tauseef Ahmad- were going back to their homes from KPC. The incident occurred near Capri Cinema on M A Jinnah road. The robbers fl
Published 09 Nov, 2016 12:00am
PIA expands operations to Kabul

PIA expands operations to Kabul

Pakistan International Airlines (PIA) on Tuesday announced to expand its operations up to six flights in a week to Kabul, Afghanistan. According to details, the airline has decided to add more flights to six flights in a week from Islamabad to Kabul, Afgh
Published 09 Nov, 2016 12:00am
Five plazas sealed, 156 held for encroachments

Five plazas sealed, 156 held for encroachments

City District Government and district administration Tuesday joined hands for cleansing the city from encroachments and sealed five plazas besides arresting 156 persons for establishing encroachments.
Published 09 Nov, 2016 12:00am
NA panel approves two bills

NA panel approves two bills

National Assembly Standing Committee on Human Rights Tuesday approved two bills unanimously with some amendments while deferred another for further discussion. The meeting of the committee was held at Committee Room of Ministry of Human Rights under the c
Published 09 Nov, 2016 12:00am
US announces 'Integrated Energy Resource Planning' activity

US announces 'Integrated Energy Resource Planning' activity

The United States is strengthening Pakistan's energy sector through improved sector-wide planning. The United States Agency for International Development (USAID) and Ministry of Planning, Development and Reforms, entered into a memorandum of understanding
Published 09 Nov, 2016 12:00am
Errors in property valuation tables being rectified: FBR Member

Errors in property valuation tables being rectified: FBR Member

Federal Board of Revenue (FBR) Member Dr Muhammad Iqbal Tuesday said the Board has started work on rectifying errors in the FBR's notified valuation tables of immovable properties and the is committed to removing anomalies on the request of real estate se
Published 09 Nov, 2016 12:00am
Collusive activities: CCP issues show-cause notice to Pharma Bureau

Collusive activities: CCP issues show-cause notice to Pharma Bureau

The Competition Commission of Pakistan (CCP) has completed an inquiry and issued a show cause notice to the Pharma Bureau for prima facie engaging in collusive activities in violation of Section 4 of the Competition Act, 2010. Pharma Bureau is the associa
Published 09 Nov, 2016 12:00am
PTA devises Spectrum Trading Framework

PTA devises Spectrum Trading Framework

Pakistan Telecommunication Authority (PTA) has devised Spectrum Trading Framework to allow markets to determine the best use of spectrum. The goal of the Telecom Policy 2015 with reference to spectrum is: "Allocation and assignment of spectrum to maximise
Published 09 Nov, 2016 12:00am
CPEC ownership be given to private sector: FPCCI

CPEC ownership be given to private sector: FPCCI

China-Pakistan Economic Corridor (CPEC) is a game changer but it is also an issue directly related to the business community, hence its ownership should be given to private sector of Pakistan, demanded Rauf Alam, President Federation of Pakistan's Chamber
Published 09 Nov, 2016 12:00am
World Bank mission meets Shahbaz

World Bank mission meets Shahbaz

World Bank mission met Punjab Chief Minister Shehbaz Sharif, here on Tuesday. Measures regarding urban development and improvement of civic facilities came under discussion during the meeting. World Bank Mission assured provision of cooperation with regar
Published 09 Nov, 2016 12:00am
Development projects: Shahbaz reviews pace of progress

Development projects: Shahbaz reviews pace of progress

Punjab Chief Minister Shehbaz Sharif presided over a high-level meeting, here on Tuesday which reviewed pace of progress of ongoing development programmes for welfare of people of the province. Addressing the meeting, Chief Minister said that under Annual
Published 09 Nov, 2016 12:00am
Government urged to unveil 'bailout' package for textile industry

Government urged to unveil 'bailout' package for textile industry

Khawaja Muhammad Younas Chairman of All Pakistan Bed sheet and Upholstery Manufacturers Association (APBUMA)'has urged upon the government to immediately unveil the bailout package of Rs 170 billion for textile industry. In a statement issued here on Tues
Published 09 Nov, 2016 12:00am
Young doctors protest against suspension, transfers

Young doctors protest against suspension, transfers

Young doctors staged a sit-in in front of Chief Minister's Secretariat on Tuesday to protest against the suspension and transfers of their colleagues and also pressed the government for acceptance of their demands. Due to the protest, traffic on the Mall
Published 09 Nov, 2016 12:00am
Punjab to launch 'discount cards' for police officials

Punjab to launch 'discount cards' for police officials

The Punjab police department is launching 'discount cards' for its officials who would help them procure essential daily items on subsidised rates. Deputy Inspector General Operations (DIG) Dr Haidar Ashraf has started negotiations with different imported
Published 09 Nov, 2016 12:00am
Minister for early completion of development schemes

Minister for early completion of development schemes

Provincial Minister for Labour and Human Resource Raja Ashfaq Sarwar has stressed upon the need to boost up pace of work of on-going residential and development schemes for labourers and their families with the direction to maintain strict transparency an
Published 09 Nov, 2016 12:00am
139th birth anniversary of Allama Iqbal today

139th birth anniversary of Allama Iqbal today

The 139th birth anniversary of Poet, Philosopher and thinker Allama Muhammad Iqbal is being marked with traditional zeal and fervour today. The day will dawn with special prayers for the peace, national integrity, prosperity and development of the country
Published 09 Nov, 2016 12:00am
'Tevta offering 15 demand-driven short courses to prisoners'

'Tevta offering 15 demand-driven short courses to prisoners'

"Technical Education and Vocational Training Authority (TEVTA) is offering vocational training in 15 demands driven short courses to prisoners." Chairperson TEVTA Irfan Qaiser Sheikh said this while meeting with Inspector General Prisons Mian Farooq Nazee
Published 09 Nov, 2016 12:00am
Pakistan Telecommunication Company Limited

Pakistan Telecommunication Company Limited

More than a decade after the 2003-04 deregulation of Pakistan's telecom sector, Pakistan Telecommunication Company Limited (PSX: PTC) - a long-time state monopoly that is now run by private management - continues to be the largest telecom carrier in Pakis
Published 09 Nov, 2016 12:00am
Pakistan Telecommunication Company Limited

Pakistan Telecommunication Company Limited

More than a decade after the 2003-04 deregulation of Pakistan's telecom sector, Pakistan Telecommunication Company Limited (PSX: PTC) - a long-time state monopoly that is now run by private management - continues to be the largest telecom carrier in P
Published 09 Nov, 2016 12:00am
Meezan Bank awarded 1st prize in Best HRM Practices 2016 by EFP

Meezan Bank awarded 1st prize in Best HRM Practices 2016 by EFP

Meezan Bank, Pakistan's first and largest Islamic bank, has been acknowledged with first position for Best HRM Practices in 2016 in the category of 'Large National Companies' by Employers Federation of Pakistan (EFP). The award was announced at the Intern
Published 09 Nov, 2016 12:00am
Towel export slumps by 17 percent

Towel export slumps by 17 percent

Pakistan's towel export plunged to $177.900 million in July-September 2016, down by over 17 percent, official figures say. Thus, towel export fall comes to the tune of $36.554 million in July-September 2016 from $214.454 million in July-September 2015, Pa
Published 09 Nov, 2016 12:00am
Wake-up call for the corrupt - II

Wake-up call for the corrupt - II

PPP leaders are wrongly mentioning Inquiry Commission Act, 1956, whereas the petition is under Article 184 (3) where Supreme Court has complete power to do justice and establish any kind of inquiry commission like it did in the past known as 'Shoaib Suddl
Published 09 Nov, 2016 12:00am
Kurds seize IS-held town near Mosul

Kurds seize IS-held town near Mosul

Iraqi Kurdish forces have seized the town of Bashiqa near Mosul from the Islamic State group, an official said Tuesday, as US-backed militia forces advanced on the jihadists' Syrian stronghold Raqa. Capturing Bashiqa would be one of the final steps in sec
Published 09 Nov, 2016 12:00am
Thousands of civilians forced to join IS retreat in Iraq: UN

Thousands of civilians forced to join IS retreat in Iraq: UN

Islamic State fighters forced thousands of civilians to retreat with them from Hamam al-Alil as Iraqi police were recapturing the town, and moved them towards Mosul airport, the UN said Tuesday. Iraqi forces retook the key town from the jihadists on Monda
Published 09 Nov, 2016 12:00am
Southeast Asia pirates shift from hijackings to kidnappings

Southeast Asia pirates shift from hijackings to kidnappings

Pirates are shifting from hijacking cargo ships to the more lucrative crime of kidnapping for ransom, a report said Tuesday, days after Philippine Islamic militants killed one German sailor and kidnapped another. "Piracy has changed in the past three year
Published 09 Nov, 2016 12:00am
Israel claims blocked Palestinian Interpol bid

Israel claims blocked Palestinian Interpol bid

Israel claimed victory Tuesday in blocking a Palestinian bid to join the International Criminal Police Organisation (Interpol). The body's annual conference decided Tuesday to suspend the Palestinian bid, instead appointing an advisor to review the applic
Published 09 Nov, 2016 12:00am
Gandhi's grandson dies

Gandhi's grandson dies

Mahatma Gandhi's grandson Kanu Gandhi died at the age of 87 late Monday, two weeks after being admitted to hospital in western Gujarat state following a stroke. One of several grandchildren of India's famous independence leader, Kanu was a scientist for N
Published 09 Nov, 2016 12:00am
Marcos allowed hero's burial

Marcos allowed hero's burial

Ex-Philippine dictator Ferdinand Marcos can be given a hero's burial, the Supreme Court decided Tuesday in a hugely controversial ruling which critics said would whitewash his crimes and divide the nation. The justices overwhelmingly endorsed President Ro
Published 09 Nov, 2016 12:00am
Juncker warns Turkey slipping away from EU

Juncker warns Turkey slipping away from EU

European Commission head Jean-Claude Juncker on Tuesday warned President Recep Tayyip Erdogan against moving Turkey further away from Europe and jeopardising its EU membership bid. Juncker was speaking as EU member states expressed "great concern" about t
Published 09 Nov, 2016 12:00am
UK banker murder victim felt 'haunted'

UK banker murder victim felt 'haunted'

An Indonesian woman brutally murdered by a British banker in his upmarket Hong Kong apartment told her family days before her death she felt haunted and threatened, her father said Tuesday. Sumarti Ningsih was one of two Indonesian women murdered by Rurik
Published 09 Nov, 2016 12:00am
Prince Harry slams 'abuse' of actress girlfriend

Prince Harry slams 'abuse' of actress girlfriend

Britain's Prince Harry confirmed Tuesday he is dating US actress Meghan Markle as he blasted the racist "wave of abuse and harassment" directed towards her since their relationship began. In what Kensington Palace admitted was an "unusual" statement, the
Published 09 Nov, 2016 12:00am
US election 2016

US election 2016

Is the US election a slam dunk? It is for Barack Obama, who early on election day Tuesday took part in a ritual game of basketball as Americans flocked to the polls. In keeping with a 2008 and 2012 tradition, Obama hit the court with friends. Obama had al
Published 09 Nov, 2016 12:00am
NASA astronaut casts lone vote from space

NASA astronaut casts lone vote from space

In a US presidential election that's already been out of this world, the lone American astronaut in outer space has cast his vote, NASA said Monday. Shane Kimbrough became the latest astronaut to join in a long tradition of voting while floating above the
Published 09 Nov, 2016 12:00am
Asia sees changed US relationship, whoever wins
Currency

Asia sees changed US relationship, whoever wins

Win or lose, Donald Trump's campaign has changed the way countries in Asia view their relationships with Washington. Final polling suggests the most likely outcome is a victory for Hillary Clinton. But even Clinton, an architect of the US strategic pivot
Published 09 Nov, 2016 12:00am
Mexicans on US border fear economic catastrophe if Trump wins

Mexicans on US border fear economic catastrophe if Trump wins

Mexicans on the US border anxiously awaited the outcome of the US presidential election on Tuesday, plagued by fears of economic disaster if Republican Donald Trump wins and tries to choke local industry, isolate the country and deport millions. Trump's c
Published 09 Nov, 2016 12:00am
Clinton has 90 percent chance of winning: poll

Clinton has 90 percent chance of winning: poll

With hours to go before Americans vote, Democrat Hillary Clinton has about a 90 percent chance of defeating Republican Donald Trump in the race for the White House, according to the final Reuters/Ipsos States of the Nation project. Her chances are roughly
Published 09 Nov, 2016 12:00am
India Test threat lifted after funds released

India Test threat lifted after funds released

India's cash-rich cricket board Tuesday lifted a threat to cancel the start of its Test series against England after judges eased banking restrictions which had triggered a funding crisis. Less than 24 hours before the high-profile series was due to begin
Published 09 Nov, 2016 12:00am
Cook hints he's nearing end as England captain

Cook hints he's nearing end as England captain

Alastair Cook has indicated the upcoming Test series against India could be his last as England captain. But the 31-year-old Essex left-hander said that whatever his future as skipper, he would like to continue his Test career purely as an opening batsman
Published 09 Nov, 2016 12:00am
Women Karate Championship begins

Women Karate Championship begins

The 10th National Women Karate Championship has been started here at Gymnasium Hall of Nishter Park Sports Complex, here on Tuesday. Teams from all the affiliated units of Pakistan Karate Federation ie, Army, Wapda, Railways, Punjab, Sindh, Khyber Pakhtun
Published 09 Nov, 2016 12:00am
'Baby Boycott' Hameed to make England debut

'Baby Boycott' Hameed to make England debut

Teen sensation Haseeb Hameed will make his Test debut against India, England announced Tuesday, capping a fairytale rise for a player dubbed the "Baby Boycott" for his uunflappable batting style. At 19 years, Hameed will become the youngest player to open
Published 09 Nov, 2016 12:00am
Albania-Israel match moved over attack fears

Albania-Israel match moved over attack fears

Albanian football officials said Tuesday that the country's 2018 World Cup qualifier with Israel this weekend would be moved for "security reasons", following reports of a planned attack. The national football federation said in a statement that Saturday'
Published 09 Nov, 2016 12:00am
Four matches decided in Season Canola Polo

Four matches decided in Season Canola Polo

Four matches were played on the opening day of the Season Canola Polo Cup 2016 here at the Lahore Polo Club ground on Tuesday. The first match of the day remained very entertaining and high-scoring as Learning Alliance proved too hot for Sapphire and outc
Published 09 Nov, 2016 12:00am
Herath joins five-wicket Test elite

Herath joins five-wicket Test elite

Rangana Herath became just the third bowler to pick up five-wicket hauls against all nine Test opponents to earn Sri Lanka a big first-innings lead before Zimbabwe bounced back on the third day of the third Test at Harare Sports Club on Tuesday.
Published 09 Nov, 2016 12:00am
Amir signs for Essex in 2017

Amir signs for Essex in 2017

Pakistan fast bowler Mohammad Amir will continue his career rehabilitation with Essex in 2017 after the English county announced his signature for the second half of next season on Tuesday. The 24-year-old left-arm seamer, who completed a five-year ban fo
Published 09 Nov, 2016 12:00am
Aussie, kiwi up
Currency

Aussie, kiwi up

The Australian dollar stood near 2-1/2 week highs on Tuesday s the market's favoured status-quo candidate, Democrat Hillary Clinton, appeared more likely to win a close US presidential election. With hours to go before Americans vote, Clinton has about a
Published 09 Nov, 2016 12:00am
Sterling rises against dollar
Currency

Sterling rises against dollar

Sterling rose against the dollar in nervous trade on Tuesday as Hillary Clinton and Donald Trump approached the finishing line in a tight US presidential election race. Last minute jitters over the vote overshadowed British industrial output data that sho
Published 09 Nov, 2016 12:00am
Egyptian pound down
Currency

Egyptian pound down

The Egyptian pound edged down in early interbank trade on Tuesday following the central bank's decision to float the currency at the end of last week, but trading volumes remained tiny as banks were uncertain about supply and demand. The pound was quoted
Published 09 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 Tuesday. 78.47-78.49 (previous 78.47-78.48).
Published 09 Nov, 2016 12:00am
Clinton victory hopes give Asia FX cautious support
Currency

Clinton victory hopes give Asia FX cautious support

Most emerging Asian currencies edged up in subdued trading hour ahead of the US presidential election on Tuesday, with risk sentiment supported by the growing prospect of a victory for Democratic candidate Hillary Clinton. Despite South Korean President P
Published 09 Nov, 2016 12:00am
Sri Lankan rupee soar

Sri Lankan rupee soar

The Sri Lankan rupee edged up on Tuesday as dollar selling by exporters outpaced demand for the greenback from importers, dealers said. Rupee forwards were active with one-week forwards trading at 148.15/25 per dollar at 0610 GMT, compared with Monday's c
Published 09 Nov, 2016 12:00am
Dollar strengthens in New York trade
Currency

Dollar strengthens in New York trade

The dollar rose on Monday after the FBI decided that US Democratic presidential nominee Hillary Clinton will not face criminal charges, which was seen as a boost to her chances of winning Tuesday's contest with Republican rival Donald Trump. The greenback
Published 09 Nov, 2016 12:00am
Dollar down in Europe, all eyes on US voting
Currency

Dollar down in Europe, all eyes on US voting

The dollar inched lower ahead of voting in the US presidential election on Tuesday, a sign of last-minute nerves over the chances of a victory for Donald Trump that traders and analysts say would knock several percent off the greenback's value. On Monday,
Published 09 Nov, 2016 12:00am
Dollar steadies in Asia
Currency

Dollar steadies in Asia

The dollar steadied in Asia on Tuesday, keeping previous session gains as markets wagered on a victory for Hillary Clinton in the US presidential election after the FBI cleared her of any wrongdoing in its latest probe of her use of a private email server
Published 09 Nov, 2016 12:00am
FTSE supported by AB Foods as US election looms

FTSE supported by AB Foods as US election looms

Britain's top share index was steady on Tuesday before the US presidential election, with better-than expected-results from Primark-owner AB Foods helping to support shares. AB Foods jumped 8.4 percent after the group said it expected to benefit from Brit
Published 09 Nov, 2016 12:00am
Southeast Asian stocks move higher

Southeast Asian stocks move higher

Southeast Asian stock markets ended higher on Tuesday, in line with their Asian counterparts, on global improved sentiments around Democrat Hillary Clinton's prospects of winning the US presidential vote. Clinton, who is seen as a candidate of status quo,
Published 09 Nov, 2016 12:00am
Australian shares rise

Australian shares rise

Australian shares ended marginally higher on Tuesday as gains in materials offset declines in financial stocks, with investors cautiously optimistic Democrat Hillary Clinton would win the US presidential election. The S&P/ASX 200 index shed some early gai
Published 09 Nov, 2016 12:00am
European shares up in cautious trading, focus on US vote

European shares up in cautious trading, focus on US vote

European shares edged higher in cautious trading on Tuesday, with encouraging updates from some companies underpinning the broader market on a day when investors' main focus stayed on the election battle in the United States. The pan-European STOXX 600 in
Published 09 Nov, 2016 12:00am
China stocks rise

China stocks rise

China stocks rose to a 10-month high, as Wall Street rallied overnight thanks to a growing sense of relief that Hillary Clinton will likely win the US Presidential election. The upbeat mood counteracted worries from worse-than-expected China trade data.
Published 09 Nov, 2016 12:00am
Indian shares remain higher

Indian shares remain higher

Indian shares rose for a second consecutive session on Tuesday as investors were cautiously optimistic that Democrat Hillary Clinton would win the US elections. The broader NSE index ended 0.55 percent higher at 8,543.55, while the benchmark BSE index clo
Published 09 Nov, 2016 12:00am
Sri Lankan shares down

Sri Lankan shares down

Sri Lankan shares ended marginally lower on Tuesday, down from a more than two-week closing high hit in the previous session, as investors turned cautious ahead of the national budget scheduled on November 10. Sri Lanka's 2017 budget plan will seek to boo
Published 09 Nov, 2016 12:00am
US yields advance

US yields advance

US Treasury yields rose on Monday, as risk appetite improved after the Federal Bureau of Investigation cleared Democratic presidential candidate Hillary Clinton of any wrongdoing in the use of a private email server. US long-dated yields, which move inver
Published 09 Nov, 2016 12:00am
US yields advance

US yields advance

US Treasury yields rose on Monday, as risk appetite improved after the Federal Bureau of Investigation cleared Democratic presidential candidate Hillary Clinton of any wrongdoing in the use of a private email server. US long-dated yields, which move inver
Published 09 Nov, 2016 12:00am
Hong Kong stocks up

Hong Kong stocks up

Hong Kong shares firmed on Tuesday as investors looked past China's worse-than-expected trade amid signs that Hillary Clinton will likely win the US Presidential election. The Hang Seng index rose 0.5 percent, to 22,909.47, while the China Enterprises Ind
Published 09 Nov, 2016 12:00am
Wall Street soars as investors see higher chance of Clinton win

Wall Street soars as investors see higher chance of Clinton win

Wall Street surged on the eve of the US presidential election, with Democratic nominee Hillary Clinton's prospects brightening after the FBI said it would not press criminal charges against her over the use of a private email server. US stocks on Monday r
Published 09 Nov, 2016 12:00am
Tuesday's afternoon trade: stocks surge as voters head to polls

Tuesday's afternoon trade: stocks surge as voters head to polls

US stock markets reversed an early fall Tuesday and surged sharply higher as voters headed to polls to choose between Hillary Clinton and Donald Trump for their next president. Adding to Monday's 2 percent gains, which came as Democrat Clinton's chances f
Published 09 Nov, 2016 12:00am
Tokyo stocks flat

Tokyo stocks flat

Tokyo stocks ended flat Tuesday as a wait-and-see mood prevailed hours before the US votes in its nail-biter presidential election. The Tokyo market got off to a firm start but eventually gave up early gains as caution set in. "It's difficult to say until
Published 09 Nov, 2016 12:00am
Egyptian stock index surges to highest since June 2008

Egyptian stock index surges to highest since June 2008

Egypt's bluechip stock index surged in early trade on Tuesday to its highest level since June 2008, buoyed by hopes for inflows of foreign capital after the Egyptian pound was devalued at the end of last week. The EGX30 index rose 3.2 percent to 10,165 po
Published 09 Nov, 2016 12:00am
Taiwan exports jump at fastest pace in two years

Taiwan exports jump at fastest pace in two years

Taiwan's exports rose at their fastest rate in over two years in October, signalling strong year-end shopping demand for hi-tech goods remains on track, powered by Apple Inc's latest smartphones. Shipments related to microchips and smartphone components r
Published 09 Nov, 2016 12:00am
Australia business conditions falter in October

Australia business conditions falter in October

Australian business conditions faltered in October as sales growth slowed while weakness in retail prices pointed to still-low inflation and the chance interest rates may yet have to be eased further. National Australia Bank's monthly survey of more than
Published 09 Nov, 2016 12:00am
Sentix index rises in November

Sentix index rises in November

Investor sentiment in the euro zone improved further in November, reaching its highest level for the year and easing pressure for further stimulus measures by the European Central Bank, a survey showed on Monday. The euro zone index produced by the Frankf
Published 09 Nov, 2016 12:00am
Turkish industrial output slides, growth forecasts lowered

Turkish industrial output slides, growth forecasts lowered

Turkish industrial production shrank 3.1 percent year-on-year in September, official data showed on Tuesday, prompting economists to cut their growth forecasts and adding to concern about an outlook marred by political uncertainty. Alongside the grim econ
Published 09 Nov, 2016 12:00am
EU examining Nissan UK investment deal

EU examining Nissan UK investment deal

EU regulators are taking a closer look at an investment deal between Britain and Japanese auto maker Nissan that keeps production of two key models in the UK despite Brexit. "We have seen press reports regarding this issue. As a result, the Commission at
Published 09 Nov, 2016 12:00am
Polish banks report fall in demand for credit: central bank survey

Polish banks report fall in demand for credit: central bank survey

Demand for both corporate and domestic credit in Poland fell in the third quarter compared with the previous three months, with demand for housing loans falling at its fastest pace since 2003, a central bank survery of banks showed on Monday. The survey,
Published 09 Nov, 2016 12:00am
China exports drop for seventh straight month in October
Currency

China exports drop for seventh straight month in October

Chinese exports sank for a seventh consecutive month in October, data showed Tuesday, as weak global demand dealt a blow to the world's number two economy following recent signs of stability. The result, which missed forecasts, comes as the country's expo
Published 09 Nov, 2016 12:00am
Brazil government freezes Rio state accounts

Brazil government freezes Rio state accounts

Brazil's federal government froze 170 million reais ($53.12 million) of Rio de Janeiro state's assets after it missed a series of debt payments, the state finance secretariat said on Monday. The asset freeze adds to the financial challenges facing the sta
Published 09 Nov, 2016 12:00am
South Africa's big four banks to see rise in problem loans: Moody's

South Africa's big four banks to see rise in problem loans: Moody's

South Africa's big four banks will see a rise in problem loans in the next 12 to 18 months as the economy struggles to grow, but this poses only a moderate risk to profits, ratings agency Moody's said on Tuesday. Sluggish economic growth, forecast by the
Published 09 Nov, 2016 12:00am
Saree-clad May says post-Brexit opportunities in India

Saree-clad May says post-Brexit opportunities in India

British Prime Minister Theresa May said Tuesday there was a "world of opportunities" for post-Brexit Britain in India, as she donned a saree during a temple charm offensive in Bangalore. May said that Britain would not need to ease visa restrictions - a k
Published 09 Nov, 2016 12:00am
Marks and Spencer says to shut 100 stores in overhaul

Marks and Spencer says to shut 100 stores in overhaul

British retailer Marks and Spencer said Tuesday it will shut more than 100 stores, among them many foreign shops including its Champs Elysees branch in Paris, in order to cut costs after posting a first-half loss. M&S, regarded as a barometer of UK consum
Published 09 Nov, 2016 12:00am
Marks and Spencer says to shut 100 stores in overhaul

Marks and Spencer says to shut 100 stores in overhaul

British retailer Marks and Spencer said Tuesday it will shut more than 100 stores, among them many foreign shops including its Champs Elysees branch in Paris, in order to cut costs after posting a first-half loss. M&S, regarded as a barometer of UK consum
Published 09 Nov, 2016 12:00am
Nissan aims cheap electric car in China

Nissan aims cheap electric car in China

The Nissan-Renault alliance aims to launch a new electric car in the "booming" China market costing just $8,000 within two years, chief executive Carlos Ghosn said Tuesday. "What's interesting is that China today represents more than one-third of the (glo
Published 09 Nov, 2016 12:00am
WTO panel to rule on US, China raw materials dispute

WTO panel to rule on US, China raw materials dispute

The World Trade Organisation said Tuesday it will set up a panel to resolve an escalating dispute between the United States and China over Beijing's export barriers for raw materials. Washington claims that China's export duties, export quotas and limitat
Published 09 Nov, 2016 12:00am
Third quarter bears e-commerce boon for Deutsche Post
Currency

Third quarter bears e-commerce boon for Deutsche Post

Logistics provider Deutsche Post beat expectations on Wednesday by delivering strong third-quarter results, with online shopping continuing to bolster its bottom line. Between July and September, the Bonn-based group - which also owns courier service DHL
Published 09 Nov, 2016 12:00am
Iran signs major gas deal with Total

Iran signs major gas deal with Total

Iran signed a deal with France's Total on Tuesday to develop a major offshore gas field, its first big contract with a Western energy firm since sanctions were loosened in January. Total will lead a consortium also including China National Petroleum Corpo
Published 09 Nov, 2016 12:00am
Opec says climate effort won't quench oil thirst

Opec says climate effort won't quench oil thirst

A global pact to battle global warming entered into force last week, but the latest long-term look into the energy market by the Opec oil cartel sees climate change measures failing to quench the world's thirst for crude. Each year Opec releases a report
Published 09 Nov, 2016 12:00am
RBS bank to compensate SMEs over financial crisis 'mistakes'

RBS bank to compensate SMEs over financial crisis 'mistakes'

British bank RBS said Tuesday it would pay out £400 million ($495 million, 450 million euros) to compensate some of its business customers amid allegations of mistreatment following the global financial crisis. Royal Bank of Scotland pledged it would auto
Published 09 Nov, 2016 12:00am
Toyota profit tumbles on strong yen, but lifts full-year view
Currency

Toyota profit tumbles on strong yen, but lifts full-year view

Toyota said Tuesday its April-September net profit dived 25 percent, hit by a sharp rally in the yen and another fall in North American sales, but it upgraded its full-year outlook. The world's biggest automaker reported a net profit of 946.1 billion yen
Published 09 Nov, 2016 12:00am
CBOT wheat futures hit one-week low

CBOT wheat futures hit one-week low

Chicago Board of Trade wheat futures fell to the lowest levels in more than a week on Monday, pressured by gains in the dollar that made US wheat more expensive in global export markets, traders said. Wheat trimmed its losses late in the session as invest
Published 09 Nov, 2016 12:00am
Cotton market: no change seen in present outlook
Cotton

Cotton market: no change seen in present outlook

No change was seen in the present outlook on the cotton market on Tuesday, dealers said. The official spot rate was firm at Rs 5950, dealers said. In Sindh, seed cotton prices moved up slightly at Rs 2200-3100, they said, in Punjab, phutti rates were at R
Published 09 Nov, 2016 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 181,129 tonnes of cargo comprising 139,051 tonnes of import cargo and 42,078 tonnes of export cargo including 4,067 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday The total import cargo of 139
Published 09 Nov, 2016 12:00am
US natural gas futures up on cooler weather

US natural gas futures up on cooler weather

US natural gas futures on Monday ended a week of declines to edge higher on forecasts for less mild weather and rising heating demand over the next two weeks. After falling 11 percent last week in its biggest weekly loss since January, front-month gas fut
Published 09 Nov, 2016 12:00am
US FOB Gulf soyabean offers flat on Chinese good demand

US FOB Gulf soyabean offers flat on Chinese good demand

Export premiums for soyabeans shipped from the US Gulf Coast were mostly unchanged on Monday amid lower CIF barge basis values and strong demand from top importer China, traders said. CIF basis bids fell 1 to 4 cents a bushel on Monday, largely due to fal
Published 09 Nov, 2016 12:00am
US Plains HRW wheat bids unchanged

US Plains HRW wheat bids unchanged

Basis bids for hard red winter wheat in the southern US Midwest were unchanged on Monday as softer grain futures deterred farmer sales, dealers said. Ample domestic and global supplies, along with uneasiness ahead of Wednesday's monthly US Department of A
Published 09 Nov, 2016 12:00am
European wheat falls to three weeks low

European wheat falls to three weeks low

European wheat fell to a more than three week low on Monday in the wake of US markets, but activity was low as traders awaited the results of the US presidential election and the release of a USDA report later in the week. December milling wheat on Paris-
Published 09 Nov, 2016 12:00am
US Midwest corn bids mixed

US Midwest corn bids mixed

Spot basis bids for corn were mixed in the US Midwest on Monday, while those for soyabeans were mostly steady to higher, grain merchants said. Corn basis bids were eased by 1 to 5 cents per bushel at elevators and processors near Chicago and in Nebraska.
Published 09 Nov, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 09 Nov, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 09 Nov, 2016 12:00am
State Bank of Pakistan conversion rates
Currency

State Bank of Pakistan conversion rates

Rates applicable for conversion into rupees of Foreign Currency Deposits, Dollar Bearer Certificates, Foreign Currency Bearer Certificates, Special US Dollar bonds and profits thereon by all banks and also for providing forward cover on foreign currency d
Published 09 Nov, 2016 12:00am
Barclays bid rates and maximum rates for payment of interest

Barclays bid rates and maximum rates for payment of interest

Barclays bid rates, maximum rates for payment of interest by authorised dealers on deposits (other than those brought under FE Circular No: 45 of 1985) and on deposits (brought under FE Circular No: 45 of 1985) - issued by the Foreign Exchange Rates Commi
Published 09 Nov, 2016 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Tuesday (November 08, 2016).

Published 09 Nov, 2016 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Tuesday (November 08, 2016).

Published 09 Nov, 2016 12:00am
Bill buying rates per unit of currency
Currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Tuesday (November 08, 2016).

Published 09 Nov, 2016 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (November 08, 2016).
Published 09 Nov, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (November 08, 2016).

Published 09 Nov, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (November 08, 2016).

Published 09 Nov, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (November 08, 2016).

Published 09 Nov, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (November 08, 2016).

Published 09 Nov, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Tuesday (November 08, 2016).

Published 09 Nov, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Tuesday (November 08, 2016).

Published 09 Nov, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Tuesday (November 08, 2016).

Published 09 Nov, 2016 12:00am
Clinton or Trump? Dave Clark

Clinton or Trump? Dave Clark

Eager voters crowded into polling stations to choose a new US president Tuesday after a wild and bitter contest between the billionaire populist Donald Trump and Hillary Clinton, the Democrat seeking to become the first woman to win the White House. In Vi
Published 09 Nov, 2016 12:00am
Clinton or Trump? Dave Clark

Clinton or Trump? Dave Clark

Eager voters crowded into polling stations to choose a new US president Tuesday after a wild and bitter contest between the billionaire populist Donald Trump and Hillary Clinton, the Democrat seeking to become the first woman to win the White House. In Vi
Published 09 Nov, 2016 12:00am
Indian diplomat summoned

Indian diplomat summoned

Pakistan on Tuesday summoned top Indian diplomat and lodged a strong protest over the killing of three civilians and injuries to four others as a result of the continued unprovoked firing by Indian forces on the Line of Control (LoC). According to Foreign
Published 09 Nov, 2016 12:00am
Indian diplomat summoned

Indian diplomat summoned

Pakistan on Tuesday summoned top Indian diplomat and lodged a strong protest over the killing of three civilians and injuries to four others as a result of the continued unprovoked firing by Indian forces on the Line of Control (LoC). According to Foreign
Published 09 Nov, 2016 12:00am
Prime Minister forms body to finalise PIA's financial plan

Prime Minister forms body to finalise PIA's financial plan

Prime Minister Nawaz Sharif has constituted a committee to finalize the financial plan of Pakistan International Airlines (PIA) after the national flag carrier management requested finances to procure 13 new aircraft, sources said. Sources told Busines
Published 09 Nov, 2016 12:00am
Prime Minister forms body to finalise PIA's financial plan

Prime Minister forms body to finalise PIA's financial plan

Prime Minister Nawaz Sharif has constituted a committee to finalize the financial plan of Pakistan International Airlines (PIA) after the national flag carrier management requested finances to procure 13 new aircraft, sources said. Sources told Busines
Published 09 Nov, 2016 12:00am
Prime Minister forms body to finalise PIA''s financial plan

Prime Minister forms body to finalise PIA''s financial plan

Prime Minister Nawaz Sharif has constituted a committee to finalize the financial plan of Pakistan International Airlines (PIA) after the national flag carrier management requested finances to procure 13 new aircraft, sources said. Sources told Busines
Published 09 Nov, 2016 12:00am
India pulls 500, 1,000 rupee notes to tackle corruption
Currency

India pulls 500, 1,000 rupee notes to tackle corruption

Indian Prime Minister Narendra Modi ordered the withdrawal of 500 and 1,000 rupee notes from circulation on Tuesday in a shock announcement designed to tackle widespread corruption and tax evasion. Modi said that while people could exchange their old note
Published 09 Nov, 2016 12:00am
India pulls 500, 1,000 rupee notes to tackle corruption
Currency

India pulls 500, 1,000 rupee notes to tackle corruption

Indian Prime Minister Narendra Modi ordered the withdrawal of 500 and 1,000 rupee notes from circulation on Tuesday in a shock announcement designed to tackle widespread corruption and tax evasion. Modi said that while people could exchange their old note
Published 09 Nov, 2016 12:00am
India pulls 500, 1,000 rupee notes to tackle corruption
Currency

India pulls 500, 1,000 rupee notes to tackle corruption

Indian Prime Minister Narendra Modi ordered the withdrawal of 500 and 1,000 rupee notes from circulation on Tuesday in a shock announcement designed to tackle widespread corruption and tax evasion. Modi said that while people could exchange their old note
Published 09 Nov, 2016 12:00am
LHC declares special tax scheme for retailers illegal

LHC declares special tax scheme for retailers illegal

The Lahore High Court (LHC) has declared special tax scheme for retailers notified under SRO 608(I)/2014 as ultra vires to the constitution. According to comments on SRO 608(I)/2014 issued by Naveed Zafar Ashfaq Jaffery & Co, Chartered Accountants, the LH
Published 09 Nov, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 09 Nov, 2016 12:00am
LHC declares special tax scheme for retailers illegal

LHC declares special tax scheme for retailers illegal

The Lahore High Court (LHC) has declared special tax scheme for retailers notified under SRO 608(I)/2014 as ultra vires to the constitution. According to comments on SRO 608(I)/2014 issued by Naveed Zafar Ashfaq Jaffery & Co, Chartered Accountants, the LH
Published 09 Nov, 2016 12:00am
LHC declares special tax scheme for retailers illegal

LHC declares special tax scheme for retailers illegal

The Lahore High Court (LHC) has declared special tax scheme for retailers notified under SRO 608(I)/2014 as ultra vires to the constitution. According to comments on SRO 608(I)/2014 issued by Naveed Zafar Ashfaq Jaffery & Co, Chartered Accountants, the LH
Published 09 Nov, 2016 12:00am
PSX marginally down

PSX marginally down

Pakistan Stock Exchange (PSX) Tuesday opened on a positive note and the benchmark KSE-100 index hit 42,411.96 points, up 278.42 points in the intra-day trade. However, the investors opted for profit-taking after the mid-session pushing the index in negati
Published 09 Nov, 2016 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 09 Nov, 2016 12:00am
PSX marginally down

PSX marginally down

Pakistan Stock Exchange (PSX) Tuesday opened on a positive note and the benchmark KSE-100 index hit 42,411.96 points, up 278.42 points in the intra-day trade. However, the investors opted for profit-taking after the mid-session pushing the index in negati
Published 09 Nov, 2016 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 09 Nov, 2016 12:00am
PSX marginally down

PSX marginally down

Pakistan Stock Exchange (PSX) Tuesday opened on a positive note and the benchmark KSE-100 index hit 42,411.96 points, up 278.42 points in the intra-day trade. However, the investors opted for profit-taking after the mid-session pushing the index in negati
Published 09 Nov, 2016 12:00am
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