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Archive - 2016-11-21
NA passes Council for Science and Technology Bill
Pakistan

NA passes Council for Science and Technology Bill

ISLAMABAD: National Assembly on Monday unanimously passed a bill for constitution of Pakistan Council for Science and Technology (PCST), "the Pakistan Council for Science and Technology Bill 2016.
Published 21 Nov, 2016 04:00pm
COAS delivers farewell address to Gujranwala, Mangla corps
Pakistan Top News

COAS delivers farewell address to Gujranwala, Mangla corps

RAWALPINDI: Chief of Army Staff (COAS) General Raheel Sharif, on the second leg of his farewell visits on Monday arrived in Gujranwala Cantonment and addressed officers and troops of Mangla and Gujranwala Corps.
Published 21 Nov, 2016 03:58pm
Atiqa Odho to produce film
Life & Style

Atiqa Odho to produce film

LAHORE: Prominent artiste Atiqa Odho has said that Pakistani film industry's revival has started and that is why she has decided to produce her own film.
Published 21 Nov, 2016 03:56pm
NAB submits replies in SHC against Pir Mazhar, others
General News

NAB submits replies in SHC against Pir Mazhar, others

KARACHI: The National Accountability Bureau (NAB) Monday submitted its replies in the Sindh High Court (SHC) against Pir Mazhar ul Haq, the former provincial education minister, and others for their alleged involvement in 13,000 illegal appointments in Si
Published 21 Nov, 2016 03:47pm
MAJU convocation on Tuesday
Arts

MAJU convocation on Tuesday

KARACHI: The 6th convocation of Mohammad Ali Jinnah University (MAJU) Karachi will be held here on Tuesday at Convention Centre, PAF Museum.
Published 21 Nov, 2016 03:12pm
444 officials serving at 10 Pakistani missions: NA told
General News

444 officials serving at 10 Pakistani missions: NA told

ISLAMABAD: Advisor to the Prime Minister on Foreign Affairs Sartaj Aziz Monday informed the National Assembly that a total 444 Pakistani officials and employees are serving in nine countries including United States, London and some Middle East countries.
Published 21 Nov, 2016 03:07pm
Pakistan condemns suicide attack in Kabul
General News

Pakistan condemns suicide attack in Kabul

ISLAMABAD: The Government of Pakistan Monday strongly condemned the suicide attack at the Baqir-ul- Ulum Mosque in Kabul that led to loss of a number of precious lives and left many others injured.
Published 21 Nov, 2016 03:06pm
Trump readies cabinet announcement soon
North America

Trump readies cabinet announcement soon

NEW YORK: US President-elect Donald Trump prepared Monday to announce a new slate of cabinet picks some time soon, following a busy weekend of meetings with hopefuls at his golf club retreat outside New York.
Published 21 Nov, 2016 03:05pm
Sri Lankan rupee firmer after IMF loan
Financial

Sri Lankan rupee firmer after IMF loan

COLOMBO: The Sri Lankan rupee ended firmer on Monday as exporter dollar sales surpassed early greenback demand from importers on worries capital outflows would increase as incoming US President Donald Trump's policies were seen guiding US rates higher
Published 21 Nov, 2016 02:35pm
Kashagan oil field starts commercial output
Energy

Kashagan oil field starts commercial output

ASTANA: The Kashagan oil field has started commercial output, Kazakhstan's energy minister said on Monday, marking a milestone for $55 billion project which is more than a decade behind its original production plan.
Published 21 Nov, 2016 02:29pm
US wheat stays firm on planting doubts, crop data eyed
Commodities

US wheat stays firm on planting doubts, crop data eyed

PARIS/SYDNEY: US wheat touched its highest level in more than a week on Monday as expectations for reduced plantings and risks to crops from dry weather lent support to a market that has been weighed down by large inventories.
Published 21 Nov, 2016 02:29pm
Euro climbs as political uncertainty seen easing a touch
Financial

Euro climbs as political uncertainty seen easing a touch

LONDON: The euro rose from an 11-month low against a broadly weaker dollar on Monday with political developments seen easing uncertainty surrounding next year's German and French elections, lending some support to the currency.
Published 21 Nov, 2016 02:26pm
Gold bounces off 5-1/2-month low as dollar retreats
Commodities

Gold bounces off 5-1/2-month low as dollar retreats

LONDON: Gold rose on Monday, rebounding from 5-1/2 month lows as the dollar shed some of the hefty gains made the previous week on bets that US president-elect Donald Trump's plans for fiscal stimulus would prove inflationary.
Published 21 Nov, 2016 02:16pm
Citi becomes first US bank supervised by ECB since Brexit vote
Europe

Citi becomes first US bank supervised by ECB since Brexit vote

FRANKFURT: The US bank Citi on Monday became the first global lender to come under European Central Bank supervision since Britain's vote to leave the European Union - an option several UK-based companies are exploring to keep their access to the sing
Published 21 Nov, 2016 02:13pm
8 private members' bills introduced in Senate
Pakistan

8 private members' bills introduced in Senate

ISLAMABAD: Eight private members' bills were introduced in the Senate on Monday and seven of them were referred to the concerned standing committees and remaining one was deferred.
Published 21 Nov, 2016 01:56pm
Messi set for Celtic return
Football

Messi set for Celtic return

BARCELONA: Lionel Messi looks set to return for Barcelona's Champions League trip to Celtic on Wednesday after overcoming a sickness bug that forced the Argentine to miss Barca's 0-0 draw with Malaga on Saturday.
Published 21 Nov, 2016 01:08pm
Erdogan demands support against PKK at NATO meeting
Europe

Erdogan demands support against PKK at NATO meeting

ISTANBUL: Turkish President Recep Tayyip Erdogan on Monday urged the European Union and West to step up backing of Ankara's fight against Kurdish militants, as he addressed a meeting of NATO lawmakers.
Published 21 Nov, 2016 01:06pm
ZTBL to set up 10 more branches in country
Top News

ZTBL to set up 10 more branches in country

LAHORE: The Zarai Taraqiati Bank Limited (ZTBL) will expand its branch network by opening 10 new branches in the country in the current year.
Published 21 Nov, 2016 12:48pm
Xi says China-US Tourism Year helps improve ties
Asia

Xi says China-US Tourism Year helps improve ties

WASHINGTON: Chinese President Xi Jinping said Sunday that the China-US Tourism Year has helped expand people-to-people exchanges and given fresh impetus to bilateral relations.
Published 21 Nov, 2016 12:35pm
Exporters striving to enhance exports volume
Business & Economy

Exporters striving to enhance exports volume

SIALKOT: President Sialkot Chamber of Commerce and Industry (SCCI), Majid Raza Bhutta has said that business community of this city was making adequate efforts for enhancing export volume despite some obstacles which could be removed by authorities.
Published 21 Nov, 2016 12:31pm
Pakistan lack quality all-rounders: Wasim Akram
Cricket

Pakistan lack quality all-rounders: Wasim Akram

ISLAMABAD: Former skipper Wasim Akram Monday said there was a shortage of quality all-rounders in the national cricket team stating that their absence was felt strongly in the Christchurch Test.
Published 21 Nov, 2016 12:25pm
Tremors jolt Quetta, Pishin, Mastung
General News

Tremors jolt Quetta, Pishin, Mastung

QUETTA: Moderate tremors were felt in the provincial capital Quetta, Pishin, Khanozai, Kuchlak, Saranan, Yaro, Mastung, Hana Orak, Rod Mullazai, Muslim Bagh and adjoining areas, on Monday.
Published 21 Nov, 2016 12:06pm
One killed in Chaman roadside blast
General News

One killed in Chaman roadside blast

CHAMAN: A passerby was killed as a remote-controlled bomb blast took placed on Boghra Road in the border town when vehicle of a law enforcement agency was passing by, here on Monday.
Published 21 Nov, 2016 12:06pm
Nigeria says economy shrinks by 2.2pc in Q3
World

Nigeria says economy shrinks by 2.2pc in Q3

ABUJA: Nigeria's economy contracted in the third quarter as rebels continued to bomb oil pipelines in the restive south and businesses struggled to access foreign exchange, official data showed Monday.
Published 21 Nov, 2016 12:05pm
Marriyum Aurangzeb condoles over Sadpara's demise
Life & Style

Marriyum Aurangzeb condoles over Sadpara's demise

ISLAMABAD: Minister of State for Information, Broadcasting and National Heritage, Marriyum Aurangzeb on Monday expressed her deep grief and sorrow over the sad demise of world famous Pakistani mountaineer, Hassan Sadpara.
Published 21 Nov, 2016 11:59am
Misbah suspended, fined
Cricket

Misbah suspended, fined

ISLAMABAD: Pakistan captain Misbah-ul-Haq has been suspended for one Test and fined 40 per cent of his match fee, while his players have been fined 20 per cent of their match fees, for maintaining a slow over-rate during New Zealand's eight-wicket vic
Published 21 Nov, 2016 11:54am
England paid for a lack of intent, says India's Kohli
Cricket

England paid for a lack of intent, says India's Kohli

VISAKHAPATNAM: England openers Alastair Cook and Haseeb Hameed made India's bowlers toil without success for 50 overs on Sunday but their lack of intent to score runs made the team's survival even more difficult, the hosts' captain Virat Kohli
Published 21 Nov, 2016 10:17am
Gen. Raheel kick starts farewell visits
Front Top News

Gen. Raheel kick starts farewell visits

ISLAMABAD: Chief of Army Staff General Raheel Sharif on Monday kick started his farewell visits beginning from Lahore Garrison, Director General Inter Services Public Relations Lt.
Published 21 Nov, 2016 09:35am
PCB have been exposed: Aamer Sohail
Cricket

PCB have been exposed: Aamer Sohail

ISLAMABAD: Former captain Aamer Sohail believes failing to find skipper Misbah-ul-Haq's successor has exposed the Pakistan Cricket Board's (PCB) weak spots.
Published 21 Nov, 2016 09:34am
New Zealand brings major changes against Pakistan
Cricket

New Zealand brings major changes against Pakistan

New Zealand outperformed Pakistan in the first Test match at Christchurch, winning it by eight wickets, as the hosts exploited the conditions better and achieved 1-0 lead in the two Test match series.
Published 21 Nov, 2016 09:14am
India skittle England to grab series lead
Cricket

India skittle England to grab series lead

VISAKHAPATNAM: Ravichandran Ashwin finished with a match haul of eight wickets as England collapsed on the last day of the second Test to hand India a thumping 246-run win and a series lead on Monday.
Published 21 Nov, 2016 08:34am
Clashes as Yemen ceasefire nears end
Middle East

Clashes as Yemen ceasefire nears end

SANAA: Yemeni government forces and rebels were engaged in fierce fighting as a 48-hour ceasefire declared by the pro-government Arab coalition approached its end Monday, military officials said.
Published 21 Nov, 2016 08:30am
Zimbabwe bat first against Sri Lanka
Cricket

Zimbabwe bat first against Sri Lanka

BULAWAYO: Zimbabwe won the toss and elected to bat first in Monday's one-day international against Sri Lanka at Queens Sports Club as they looked to keep their triangular series hopes alive.
Published 21 Nov, 2016 08:25am
Obama returns home from last foreign trip
North America

Obama returns home from last foreign trip

WASHINGTON: President Barack Obama returned to the White House early Monday, ending the last foreign tour of his tenure as he prepares to hand power over to Donald Trump, amid unease about the Republican's volatility and isolationist rhetoric.
Published 21 Nov, 2016 08:24am
Hong Kong stocks end slightly higher
Financial

Hong Kong stocks end slightly higher

HONG KONG: Hong Kong stocks closed another volatile day with a small gain Monday as investors brushed off a sell-off on Wall Street, although worries persist about the outlook under a Donald Trump presidency.
Published 21 Nov, 2016 08:24am
Shipping activity at Port Qasim
Business & Economy

Shipping activity at Port Qasim

KARACHI: Three ships Xpress Kailash, Lia-M and Octaden carrying containers, canola seeds and chermicals were allotted berths at Qasim international Container Terminal, Grain & Fertilizer Terminal and Engro Vopak Terminal respectively on Sunday.
Published 21 Nov, 2016 08:21am
CEO EDB's appointment process to initiate next month
Business & Economy

CEO EDB's appointment process to initiate next month

MUSHTAQ GHUMMAN%D%AISLAMABAD: Ministry of Industries and Production (MoI&P) has reportedly decided to initiate the process of appointing a new Chief Executive Officer (CEO) for Engineering Development Board (EDB) next month as the contract of the incumben
Published 21 Nov, 2016 07:22am
India close in on victory as England slump
Cricket

India close in on victory as England slump

VISAKHAPATNAM: India were on the cusp of a 1-0 series lead after England's batsmen buckled under pressure to lose five wickets on the final day of the second Test in Visakhapatnam on Monday.
Published 21 Nov, 2016 06:57am
England 142-7 at lunch in second India Test
Cricket

England 142-7 at lunch in second India Test

VISAKHAPATNAM: England were staring down the barrel at 142 for seven at lunch on the fifth and final day of the second Test against India in Visakhapatnam on Monday.
Published 21 Nov, 2016 06:50am
India train disaster toll rises to 142, more dead feared
World Top News

India train disaster toll rises to 142, more dead feared

PUKHRAYAN: The death toll from India's rail disaster rose to 142 on Monday after workers toiled through the night removing victims from the wreckage, with grim warnings that more bodies were trapped inside.
Published 21 Nov, 2016 06:48am
IT Ministry issues advisory over WhatsApp scam
Industries & Sectors

IT Ministry issues advisory over WhatsApp scam

Taking note of the malicious messages relating to invitations for activating video calling feature on the popular messaging app, Ministry of Information technology and Telecommunications Sunday issued a Web user advisory to inform the general public about
Published 21 Nov, 2016 06:47am
SECP announces two years NTN exemption
Pakistan Top News

SECP announces two years NTN exemption

SOHAIL SARFRAZ%D%AISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has announced general exemption-- for a period of two years-- to all small-size companies, including new Agriculture Promotion Companies, from the requirement of Nation
Published 21 Nov, 2016 06:39am
Japan logs $4.47bn trade surplus in October
World

Japan logs $4.47bn trade surplus in October

TOKYO: Japan saw its second consecutive trade surplus in October, official data showed on Monday, though it came in below expectations as a strong yen dented exports.
Published 21 Nov, 2016 06:23am
Obama reassures Japan PM after Trump win
North America

Obama reassures Japan PM after Trump win

LIMA: President Barack Obama offered assurances Sunday to Japanese Prime Minister Shinzo Abe of "enduring US commitment" to close ally Tokyo after Donald Trump's shock election victory, an official said.
Published 21 Nov, 2016 05:41am
Tokyo stocks up on weaker yen by break
Financial

Tokyo stocks up on weaker yen by break

TOKYO: Tokyo stocks rose Monday morning to a 10-month high as the dollar soared against the yen on expectations the Federal Reserve will hike interest rates next month.
Published 21 Nov, 2016 05:40am
Hong Kong stocks up by break
Financial

Hong Kong stocks up by break

HONG KONG: Hong Kong stocks ended the morning on a high Monday, reversing early losses as bargain-buyers moved in after last week's sell-off.
Published 21 Nov, 2016 05:39am
Japan's Abe heads to Argentina on trade
Asia

Japan's Abe heads to Argentina on trade

BUENOS AIRES: After the APEC summit in Lima, Japan's Prime Minister Shinzo Abe heads to Argentina on Monday to bolster bilateral trade and investment ties with Latin America's third largest economy.
Published 21 Nov, 2016 05:38am
Thailand's economic growth slows in third quarter
World

Thailand's economic growth slows in third quarter

BANGKOK: Thailand's economic growth slowed in the third quarter, data showed Monday, with fears of further pain to come in a nation plunged into mourning following the death of its long-serving King Bhumibol Adulyadej.
Published 21 Nov, 2016 05:38am
China's Xi calls on HK leader to maintain stability
Asia

China's Xi calls on HK leader to maintain stability

BEIJING/HONG KONG: Chinese President Xi Jinping has called on Hong Kong Chief Executive Leung Chun-ying to uphold national unity and maintain social and political stability, state news agency Xinhua said on Monday.
Published 21 Nov, 2016 05:15am
London copper climbs with oil on reflation trade
Financial

London copper climbs with oil on reflation trade

MELBOURNE: London copper rose on Monday, rebounding from a weekly decline last week, and other metals also gained as investors poured into the sector on the prospects for higher inflation in line with rising oil prices next year.
Published 21 Nov, 2016 05:12am
China's yuan weakens to nearly 8-1/2 year lows
Financial

China's yuan weakens to nearly 8-1/2 year lows

SHANGHAI: China's yuan weakened to near its lowest in 8 1/2 years on Monday, weighed down by the dollar's continuing strength as overseas investors bet the Trump administration will implement expansionary fiscal policies.
Published 21 Nov, 2016 05:04am
Obama 'not optimistic' on Syria as Aleppo pummelled
Pakistan Top News

Obama 'not optimistic' on Syria as Aleppo pummelled

DAMASCUS: US President Barack Obama said he is "not optimistic" about Syria's future, as the UN warned time is running out to avoid a humanitarian catastrophe in Aleppo which has been pounded by air strikes for nearly a week.
Published 21 Nov, 2016 03:15am
Murray eyes long reign at the top
Sports

Murray eyes long reign at the top

LONDON: Andy Murray has warned Novak Djokovic he is ready to embark on a sustained period of dominance after the Scot crowned a golden season by finishing on top of the world.
Published 21 Nov, 2016 03:11am
Meninga sets 'awesome' Australia World Cup goal
Sports

Meninga sets 'awesome' Australia World Cup goal

LIVERPOOL: Mal Meninga wants Australia to build on their legacy at next year's World Cup after admitting to being in "awe" of them in their Four Nations demolition of New Zealand.
Published 21 Nov, 2016 03:09am
Tokyo stocks open higher on weaker yen
Financial

Tokyo stocks open higher on weaker yen

TOKYO: Tokyo stocks rose on Monday, extending a 10-month high as the yen remained under pressure on market expectations for a US interest rate hike next month.
Published 21 Nov, 2016 03:07am
Ex-Greek President Stephanopoulos dead at 90
Europe

Ex-Greek President Stephanopoulos dead at 90

ATHENS: Costis Stephanopoulos, Greek president between 1995 and 2005, died aged 90 of pneumonia in an Athens hospital overnight Sunday, a source at the hospital confirmed.
Published 21 Nov, 2016 03:06am
English glee as Aussies turn to 'Pom' Renshaw
Cricket

English glee as Aussies turn to 'Pom' Renshaw

SYDNEY: Australia are banking on English-born opener Matt Renshaw as part of their rescue package for the crisis-hit Test team, much to the glee of their arch cricketing rivals.
Published 21 Nov, 2016 03:03am
Obama defends free trade at Asia-Pacific summit rattled by Trump
Front Top News

Obama defends free trade at Asia-Pacific summit rattled by Trump

LIMA: US President Barack Obama on Sunday defended free trade as fellow Asia-Pacific leaders vowed to fight protectionism after Donald Trump's shock election victory sparked fears for the future of global commerce.
Published 21 Nov, 2016 03:02am
Naval Chief visits Chinese ship

Naval Chief visits Chinese ship

Chief of the Naval Staff Admiral Muhammad Zakaullah visited Chinese Navy Ship HANDAN on Sunday at sea during the ongoing PN-PLA(N) bilateral exercise. The exercise is being held in Arabian Sea between the two brotherly navies from November 19-21 and cover
Published 21 Nov, 2016 12:00am
Naval Chief visits Chinese ship

Naval Chief visits Chinese ship

Chief of the Naval Staff Admiral Muhammad Zakaullah visited Chinese Navy Ship HANDAN on Sunday at sea during the ongoing PN-PLA(N) bilateral exercise. The exercise is being held in Arabian Sea between the two brotherly navies from November 19-21 and cover
Published 21 Nov, 2016 12:00am
THE RUPEE: falling trend
Currency

THE RUPEE: falling trend

The rupee failed to come out of recent weakness against the dollar on the money market during the week, ended on November 19, 2016. In the interbank market, the rupee shed three paisas in relation to the dollar for buying and selling at Rs 104.84 and Rs 1
Published 21 Nov, 2016 12:00am
THE RUPEE: falling trend
Currency

THE RUPEE: falling trend

The rupee failed to come out of recent weakness against the dollar on the money market during the week, ended on November 19, 2016. In the interbank market, the rupee shed three paisas in relation to the dollar for buying and selling at Rs 104.84 and Rs 1
Published 21 Nov, 2016 12:00am
Asia-Pacific leaders defend trade against Trump tide

Asia-Pacific leaders defend trade against Trump tide

Asia-Pacific leaders are expected to send a strong message in defence of free trade Sunday as they wrap up a summit that has been overshadowed by US President-elect Donald Trump's protectionism.
Published 21 Nov, 2016 12:00am
Asia-Pacific leaders defend trade against Trump tide

Asia-Pacific leaders defend trade against Trump tide

Asia-Pacific leaders are expected to send a strong message in defence of free trade Sunday as they wrap up a summit that has been overshadowed by US President-elect Donald Trump's protectionism.
Published 21 Nov, 2016 12:00am
Asia-Pacific leaders defend trade against Trump tide

Asia-Pacific leaders defend trade against Trump tide

Asia-Pacific leaders are expected to send a strong message in defence of free trade Sunday as they wrap up a summit that has been overshadowed by US President-elect Donald Trump''s protectionism.
Published 21 Nov, 2016 12:00am
Over Rs 19 billion inconsistency in subsidy of urea, DAP

Over Rs 19 billion inconsistency in subsidy of urea, DAP

There is an inconsistency of over Rs 19 billion in the subsidy for urea and DAP in the current fiscal year between what was budgeted by the Ministry of Finance and what is in documents of the Ministry of National Food, Security and Research (MNFS&R).
Published 21 Nov, 2016 12:00am
Over Rs 19 billion inconsistency in subsidy of urea, DAP

Over Rs 19 billion inconsistency in subsidy of urea, DAP

There is an inconsistency of over Rs 19 billion in the subsidy for urea and DAP in the current fiscal year between what was budgeted by the Ministry of Finance and what is in documents of the Ministry of National Food, Security and Research (MNFS&R).
Published 21 Nov, 2016 12:00am
Over Rs 19 billion inconsistency in subsidy of urea, DAP

Over Rs 19 billion inconsistency in subsidy of urea, DAP

There is an inconsistency of over Rs 19 billion in the subsidy for urea and DAP in the current fiscal year between what was budgeted by the Ministry of Finance and what is in documents of the Ministry of National Food, Security and Research (MNFS&R).
Published 21 Nov, 2016 12:00am
Whatsapp video calling invite scam: IT Ministry issues advisory

Whatsapp video calling invite scam: IT Ministry issues advisory

Taking note of the malicious messages relating to invitations for activating video calling feature on the popular messaging app, Ministry of Information technology and Telecommunications Sunday issued a Web user advisory to inform the general public about
Published 21 Nov, 2016 12:00am
Whatsapp video calling invite scam: IT Ministry issues advisory

Whatsapp video calling invite scam: IT Ministry issues advisory

Taking note of the malicious messages relating to invitations for activating video calling feature on the popular messaging app, Ministry of Information technology and Telecommunications Sunday issued a Web user advisory to inform the general public about
Published 21 Nov, 2016 12:00am
Whatsapp video calling invite scam: IT Ministry issues advisory

Whatsapp video calling invite scam: IT Ministry issues advisory

Taking note of the malicious messages relating to invitations for activating video calling feature on the popular messaging app, Ministry of Information technology and Telecommunications Sunday issued a Web user advisory to inform the general public about
Published 21 Nov, 2016 12:00am
Index remains under pressure

Index remains under pressure

Pakistan Stock Exchange (PSX) remained under pressure during the outgoing week ended November 18, 2016 due to hefty foreign selling and political uncertainty in the country. The benchmark KSE-100 index declined by 524.18 points or 1.2 percent on week-on-w
Published 21 Nov, 2016 12:00am
Index remains under pressure

Index remains under pressure

Pakistan Stock Exchange (PSX) remained under pressure during the outgoing week ended November 18, 2016 due to hefty foreign selling and political uncertainty in the country. The benchmark KSE-100 index declined by 524.18 points or 1.2 percent on week-on-w
Published 21 Nov, 2016 12:00am
Index remains under pressure

Index remains under pressure

Pakistan Stock Exchange (PSX) remained under pressure during the outgoing week ended November 18, 2016 due to hefty foreign selling and political uncertainty in the country. The benchmark KSE-100 index declined by 524.18 points or 1.2 percent on week-on-w
Published 21 Nov, 2016 12:00am
Futures spread increases by 237 basis poins

Futures spread increases by 237 basis poins

The futures spread increased by 237bps to 6.92 percent during the outgoing week ended November 18, 2016. Trading activities on the futures counter remained dull as the average daily trading volumes declined by 42.6 percent to 49.81 million shares.
Published 21 Nov, 2016 12:00am
Futures spread increases by 237 basis poins

Futures spread increases by 237 basis poins

The futures spread increased by 237bps to 6.92 percent during the outgoing week ended November 18, 2016. Trading activities on the futures counter remained dull as the average daily trading volumes declined by 42.6 percent to 49.81 million shares.
Published 21 Nov, 2016 12:00am
Futures spread increases by 237 basis poins

Futures spread increases by 237 basis poins

The futures spread increased by 237bps to 6.92 percent during the outgoing week ended November 18, 2016. Trading activities on the futures counter remained dull as the average daily trading volumes declined by 42.6 percent to 49.81 million shares.
Published 21 Nov, 2016 12:00am
Futures spread increases by 237 basis poins

Futures spread increases by 237 basis poins

The futures spread increased by 237bps to 6.92 percent during the outgoing week ended November 18, 2016. Trading activities on the futures counter remained dull as the average daily trading volumes declined by 42.6 percent to 49.81 million shares.
Published 21 Nov, 2016 12:00am
All small-size companies: SECP announces NTN exemption for two years

All small-size companies: SECP announces NTN exemption for two years

The Securities and Exchange Commission of Pakistan (SECP) has announced general exemption-- for a period of two years-- to all small-size companies, including new Agriculture Promotion Companies, from the requirement of National Tax Number (NTN) at the ti
Published 21 Nov, 2016 12:00am
All small-size companies: SECP announces NTN exemption for two years

All small-size companies: SECP announces NTN exemption for two years

The Securities and Exchange Commission of Pakistan (SECP) has announced general exemption-- for a period of two years-- to all small-size companies, including new Agriculture Promotion Companies, from the requirement of National Tax Number (NTN) at the ti
Published 21 Nov, 2016 12:00am
All small-size companies: SECP announces NTN exemption for two years

All small-size companies: SECP announces NTN exemption for two years

The Securities and Exchange Commission of Pakistan (SECP) has announced general exemption-- for a period of two years-- to all small-size companies, including new Agriculture Promotion Companies, from the requirement of National Tax Number (NTN) at the ti
Published 21 Nov, 2016 12:00am
All small-size companies: SECP announces NTN exemption for two years

All small-size companies: SECP announces NTN exemption for two years

The Securities and Exchange Commission of Pakistan (SECP) has announced general exemption-- for a period of two years-- to all small-size companies, including new Agriculture Promotion Companies, from the requirement of National Tax Number (NTN) at the ti
Published 21 Nov, 2016 12:00am
Trump meets Romney, Mattis

Trump meets Romney, Mattis

James Mattis, the blunt-spoken retired Marine Corps general who headed the US military command covering the Middle East and Afghanistan, emerged on Sunday as a top candidate for defence secretary, with President-elect Donald Trump calling him "very impres
Published 21 Nov, 2016 12:00am
Trump meets Romney, Mattis

Trump meets Romney, Mattis

James Mattis, the blunt-spoken retired Marine Corps general who headed the US military command covering the Middle East and Afghanistan, emerged on Sunday as a top candidate for defence secretary, with President-elect Donald Trump calling him "very impres
Published 21 Nov, 2016 12:00am
Erdogan warns Nato on sheltering 'terrorist' plotters

Erdogan warns Nato on sheltering 'terrorist' plotters

Turkish President Recep Tayyip Erdogan on Sunday warned Nato against sheltering "terrorist" soldiers after Turkish officers in the alliance's command reportedly sought asylum after a failed putsch.
Published 21 Nov, 2016 12:00am
Erdogan warns Nato on sheltering 'terrorist' plotters

Erdogan warns Nato on sheltering 'terrorist' plotters

Turkish President Recep Tayyip Erdogan on Sunday warned Nato against sheltering "terrorist" soldiers after Turkish officers in the alliance's command reportedly sought asylum after a failed putsch.
Published 21 Nov, 2016 12:00am
16 killed in Senegal pilgrimage road accidents

16 killed in Senegal pilgrimage road accidents

At least 16 people have been killed and hundreds of others injured in accidents in Senegal in recent days as pilgrims headed to a major Sufi Muslim religious gathering, fire-fighters said Sunday. Millions of people were making their journey home from the
Published 21 Nov, 2016 12:00am
Crunch talks on Cyprus unity resume in Switzerland

Crunch talks on Cyprus unity resume in Switzerland

Rival Cypriot leaders on Sunday resumed UN-backed talks on ending the island's 42-year-old division, with hopes of breakthrough high but a key territory dispute unsettled. Greek Cypriot leader Nicos Anastasiades and his Turkish Cypriot counterpart Mustafa
Published 21 Nov, 2016 12:00am
Cargo ship evacuated off England's storm-hit southern coast

Cargo ship evacuated off England's storm-hit southern coast

Emergency services rescued 11 people from the Saga Sky cargo ship on Sunday after it collided with a barge carrying rocks and started to take on water as Storm Angus battered England's southern coast. The Coastguard said the remaining 12 people on the Sag
Published 21 Nov, 2016 12:00am
British navy warns Spanish ship with flares near Gibraltar

British navy warns Spanish ship with flares near Gibraltar

A British navy patrol boat fired flares Sunday to warn off a Spanish ship which entered disputed waters off Gibraltar, officials said, the latest in a series of maritime face-offs between the two sides. The Angeles Alvarino, a survey ship operated by Spai
Published 21 Nov, 2016 12:00am
Indian cease-fire violations: Pakistan hands over dossier to UNMOGIP

Indian cease-fire violations: Pakistan hands over dossier to UNMOGIP

Pakistan has handed over a dossier to United Nations Military Observer Group (UNMOGIP) on martyrdom of four children by India forces at Khuiratta sector of Line of Control and asked the Observer Group to investigate the incident, according to media report
Published 21 Nov, 2016 12:00am
Indian cease-fire violations: Pakistan hands over dossier to UNMOGIP

Indian cease-fire violations: Pakistan hands over dossier to UNMOGIP

Pakistan has handed over a dossier to United Nations Military Observer Group (UNMOGIP) on martyrdom of four children by India forces at Khuiratta sector of Line of Control and asked the Observer Group to investigate the incident, according to media report
Published 21 Nov, 2016 12:00am
Merkel tells party ready to seek fourth term as chancellor

Merkel tells party ready to seek fourth term as chancellor

German Chancellor Angela Merkel told her party Sunday she will seek re-election next year, a move likely to be welcomed in many capitals as a sign of stability following poll triumphs for Brexit and Donald Trump.
Published 21 Nov, 2016 12:00am
Merkel tells party ready to seek fourth term as chancellor

Merkel tells party ready to seek fourth term as chancellor

German Chancellor Angela Merkel told her party Sunday she will seek re-election next year, a move likely to be welcomed in many capitals as a sign of stability following poll triumphs for Brexit and Donald Trump.
Published 21 Nov, 2016 12:00am
At least 120 killed as Indian train derails

At least 120 killed as Indian train derails

Emergency workers raced to find any more survivors in the mangled wreckage of an Indian train that derailed Sunday, killing at least 120 people, in the worst disaster to hit the country's ageing rail network in recent years.
Published 21 Nov, 2016 12:00am
At least 120 killed as Indian train derails

At least 120 killed as Indian train derails

Emergency workers raced to find any more survivors in the mangled wreckage of an Indian train that derailed Sunday, killing at least 120 people, in the worst disaster to hit the country's ageing rail network in recent years.
Published 21 Nov, 2016 12:00am
Duterte meets 'hero' Putin

Duterte meets 'hero' Putin

Philippine President Rodrigo Duterte on Saturday met the man he calls his hero, Russian President Vladimir Putin, and unburdened his gripes about US "hypocrisy," "bullying" and foreign wars.
Published 21 Nov, 2016 12:00am
Duterte meets 'hero' Putin

Duterte meets 'hero' Putin

Philippine President Rodrigo Duterte on Saturday met the man he calls his hero, Russian President Vladimir Putin, and unburdened his gripes about US "hypocrisy," "bullying" and foreign wars.
Published 21 Nov, 2016 12:00am
Zardari says will come back to Pakistan soon

Zardari says will come back to Pakistan soon

Former president Asif Ali Zardari on Sunday said that he has not been in exile and will come back to Pakistan in a few weeks. The former president was talking to a private TV channel on Sunday.
Published 21 Nov, 2016 12:00am
Zardari says will come back to Pakistan soon

Zardari says will come back to Pakistan soon

Former president Asif Ali Zardari on Sunday said that he has not been in exile and will come back to Pakistan in a few weeks. The former president was talking to a private TV channel on Sunday.
Published 21 Nov, 2016 12:00am
Eight dead in fighting in Myanmar town on China border

Eight dead in fighting in Myanmar town on China border

Eight people were killed Sunday when fighting broke out in a northern Myanmar town on the border with China, a region long plagued by ethnic rebel insurgencies. The clashes are another blow to civilian leader Aung San Suu Kyi's hopes of forging a nation-w
Published 21 Nov, 2016 12:00am
Eight dead in fighting in Myanmar town on China border

Eight dead in fighting in Myanmar town on China border

Eight people were killed Sunday when fighting broke out in a northern Myanmar town on the border with China, a region long plagued by ethnic rebel insurgencies. The clashes are another blow to civilian leader Aung San Suu Kyi's hopes of forging a nation-w
Published 21 Nov, 2016 12:00am
Sarkozy faces exit in French rightwing primary

Sarkozy faces exit in French rightwing primary

Former president Nicolas Sarkozy risked a humiliating exit in the first round of France's rightwing presidential primary on Sunday as he was placed third with more than half of polling stations reporting. Sarkozy's former prime minister Francois Fillon to
Published 21 Nov, 2016 12:00am
Sarkozy faces exit in French rightwing primary

Sarkozy faces exit in French rightwing primary

Former president Nicolas Sarkozy risked a humiliating exit in the first round of France's rightwing presidential primary on Sunday as he was placed third with more than half of polling stations reporting. Sarkozy's former prime minister Francois Fillon to
Published 21 Nov, 2016 12:00am
South Korea's Park colluded with aide in graft scandal

South Korea's Park colluded with aide in graft scandal

South Korean prosecutors said Sunday that President Park Geun-Hye colluded with her close confidante in a corruption and influence-peddling scandal that has sparked massive nation-wide protests and calls for her impeachment.
Published 21 Nov, 2016 12:00am
South Korea's Park colluded with aide in graft scandal

South Korea's Park colluded with aide in graft scandal

South Korean prosecutors said Sunday that President Park Geun-Hye colluded with her close confidante in a corruption and influence-peddling scandal that has sparked massive nation-wide protests and calls for her impeachment.
Published 21 Nov, 2016 12:00am
Prices of kitchen items in Peshawar depict upward trend

Prices of kitchen items in Peshawar depict upward trend

Prices of important kitchen items, including vegetables, pulses, sugar, chicken, eggs, have marginally increased, according to a survey conducted by the Business Recorder here on Sunday.
Published 21 Nov, 2016 12:00am
Anti-state elements out to make CPEC controversial: Durrani

Anti-state elements out to make CPEC controversial: Durrani

Federal Minister for Housing, Akram Khan Durrani has said that JUI-F is playing crucial role in the implementation of China-Pakistan Economic Corridor (CPEC), but some anti-state elements for the achievement of their nefarious designs are out to make it c
Published 21 Nov, 2016 12:00am
Khattak directs timely completion of Peshawar Zoo

Khattak directs timely completion of Peshawar Zoo

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has directed to ensure timely completion the construction work, evergreen plantation, the walk in aviary, Butterfly Park, carnivores and other allied facilities in the Peshawar Zoo.
Published 21 Nov, 2016 12:00am
Political leaders, workers attend Haji Adeel's qul

Political leaders, workers attend Haji Adeel's qul

The Qul ceremony of senior ANP leader late Hajji Mohammad Adeel was held here at his residence at Gunner Lane, Peshawar Cantonment on Sunday. A large number of political leaders and workers from different political parties continued visiting the residence
Published 21 Nov, 2016 12:00am
MCCI appreciates commencement of Gwadar port

MCCI appreciates commencement of Gwadar port

Khawaja Jalaluddin Roomi, President of the Multan Chamber of Commerce & Industry (MCCI) has hailed the arrival of first Chinese trade convoys carrying goods being exported to Middle East and African Countries through the Gwadar Port developed under the Ch
Published 21 Nov, 2016 12:00am
World urged to take notice of India's belligerence

World urged to take notice of India's belligerence

Minister for Kashmir Affairs Chaudhary Barjees Tahir said India has committed naked aggression by targeting unarmed civilians and innocent children on the LoC and Working Boundary. In a statement on Sunday, he said Pakistan has the right to respond Indian
Published 21 Nov, 2016 12:00am
Universal Children's Day celebrated

Universal Children's Day celebrated

Child Right Movement Khyber Pakhtunkhwa (CRM-KP) celebrated the Universal Children's Day, with objective to promote child rights and resolve child related issues in the province. Shakeel Khan (Coordinator Child Rights Movement KP), while speaking at a fun
Published 21 Nov, 2016 12:00am
Economic Corridor: Muqam welcomes Khattak's statement

Economic Corridor: Muqam welcomes Khattak's statement

Pakistan Muslim League-N has appreciated a statement of Chief Minister Pervez Khattak for admitting that Khyber Pakhtunkhwa province has got its due share in China Pakistan Economic Corridor and urged the CM to keep his words in this regard.
Published 21 Nov, 2016 12:00am
Gangwar suspect killed, 16 taken into custody

Gangwar suspect killed, 16 taken into custody

At least one Lyari gang-war affiliate was gunned down in a police shootout in Maripur, in the wee hours of Sunday, says Police. The authorities said that the suspect has been identified as Asghar alias Haikal, who was the member of Ashok Group of Chanesar
Published 21 Nov, 2016 12:00am
Rich tributes paid to Ahmed Nadeem Qasmi

Rich tributes paid to Ahmed Nadeem Qasmi

Pakistan National Council of Arts (PNCA) on Sunday organized special event to celebrate 100th birthday of (Late) Ahmed Nadeem Qasmi, veteran literary scholar, poet and story writer. Renowned writers, intellectuals and poets including Professor Fateh Muham
Published 21 Nov, 2016 12:00am
.FC personnel: funeral prayer offered

.FC personnel: funeral prayer offered

The funeral prayer of Frontier Corps Balochistan's personnel, who were martyred yesterday, was offered in FC headquarters, Quetta on Sunday. Corps Commander Southern Command Lieutenant General Aamir Riaz, the Inspector General Frontier Corps Balochistan M
Published 21 Nov, 2016 12:00am
Contempt case: LHC issues notice to FBR chief

Contempt case: LHC issues notice to FBR chief

Lahore High Court (LHC) has issued a notice to Chairman Federal Board of Revenue (FBR) to appear before the court on November 22, 2016 in a contempt of court case for violation of Right to Information laws and non-implementation of high court's order. It
Published 21 Nov, 2016 12:00am
Foolproof security in Karachi on Chehlum

Foolproof security in Karachi on Chehlum

The Chehlum of Hazrat Imam Hussain (R.A.) and companion Shuhada of Karbala would be observed on Monday. The main congregation in the metropolis would be held at Nishter Park where Allama Talib Jauhri would address the Majlis. Later, a mourning procession
Published 21 Nov, 2016 12:00am
Government committed to solving people's problems: Asif

Government committed to solving people's problems: Asif

Defence Minister Khawaja Muhammad Asif on Sunday said that government was mobilizing all available resources to address the problems of masses on priority basis. Talking to PML- N workers and notables at Pakistan Muslim House he said that government had a
Published 21 Nov, 2016 12:00am
UN warns time 'running out' as fresh fighting hits Aleppo

UN warns time 'running out' as fresh fighting hits Aleppo

The UN's envoy warned Sunday that time was "running out" for efforts to avoid a humanitarian catastrophe in Syria's war-battered Aleppo, as fresh fighting there killed at least eight schoolchildren. Staffan de Mistura met Foreign Minister Walid Muallem in
Published 21 Nov, 2016 12:00am
70,000 homes without power in storm-hit France

70,000 homes without power in storm-hit France

Winds gusting to hurricane force left nearly 70,000 homes in western and north-western France without power Sunday, the national electricity grid Enedis said. The national weather agency Meteo France said winds powering to 160 kilometres (100 miles) per h
Published 21 Nov, 2016 12:00am
20 dead as Libya tribes clash 'after monkey incident'

20 dead as Libya tribes clash 'after monkey incident'

More than 20 people were killed in fighting this week between rival tribes in southern Libya, a medical official said Sunday, in violence reportedly sparked by an incident involving a monkey. Witnesses said several homes were hit by rockets and shells in
Published 21 Nov, 2016 12:00am
Pentagon, intelligence leaders seek NSA chief's removal

Pentagon, intelligence leaders seek NSA chief's removal

Top US military and intelligence leaders are pushing President Barack Obama to fire National Security Agency chief Admiral Michael Rogers, US media reported Saturday, even as Rogers is apparently being considered for a senior position in the Trump adminis
Published 21 Nov, 2016 12:00am
Russian spaceship delivers three astronauts to space station

Russian spaceship delivers three astronauts to space station

Russia's Soyuz spacecraft arrived at the International Space Station on Saturday, carrying a European, a Russian and an American astronaut for a six-month mission at the orbiting outpost. "Capture confirmed," said a NASA commentator as the spacecraft dock
Published 21 Nov, 2016 12:00am
Mozambique fuel tanker blast toll hits 73

Mozambique fuel tanker blast toll hits 73

The death toll from a petrol tanker blast in Mozambique has risen to 73, with dozens of people still being treated in hospital for severe burns, an official said Sunday. The explosion occurred last Thursday when people were trying to syphon off petrol fro
Published 21 Nov, 2016 12:00am
Turkey protesters rally against crackdown on pro-Kurds

Turkey protesters rally against crackdown on pro-Kurds

Thousands of opposition protesters demonstrated in Istanbul on Sunday against a crackdown on MPs from Turkey's main pro-Kurdish party and municipal chiefs in the south-east. At least 5,000 people - mainly supporters of the pro-Kurdish Peoples' Democratic
Published 21 Nov, 2016 12:00am
Haitians vote hoping to restore constitutional order

Haitians vote hoping to restore constitutional order

Haitians went to the polls Sunday to elect a president and members of the legislature in hopes of restoring constitutional order in the impoverished Caribbean country after more than a year of political crisis. Nearly 6.2 million voters are eligible to ca
Published 21 Nov, 2016 12:00am
Erdogan says Turkey can spurn EU and join Shanghai Pact

Erdogan says Turkey can spurn EU and join Shanghai Pact

President Recep Tayyip Erdogan says Turkey should not be "fixated" on joining the EU and has reiterated the idea of joining Russia and China in a Eurasian security group, local media reported Sunday. His comments come as Turkey's decades-long hopes of joi
Published 21 Nov, 2016 12:00am
Nepal PM admits 'delays' in justice for Maoist war victims

Nepal PM admits 'delays' in justice for Maoist war victims

Nepal Sunday marked the 10th anniversary of the peace deal that ended a bloody Maoist insurgency as the prime minister admitted that justice for its victims has been delayed. In a TV show late Saturday, Prime Minister Pushpa Kamal Dahal - who led the guer
Published 21 Nov, 2016 12:00am
Trump victory pushing US fund managers into small-cap shares

Trump victory pushing US fund managers into small-cap shares

President-elect Donald Trump's victory last week is pushing US fund managers into the shares of small, domestic-oriented companies that they expect to benefit should Trump cut back on regulations and renegotiate free trade agreements as promised.
Published 21 Nov, 2016 12:00am
Emerging markets may submerge again in 2017, top funds fear

Emerging markets may submerge again in 2017, top funds fear

The year threatens to end as it began for emerging markets - with losses. After spectacular returns between end-January and October, emerging market stocks and bonds are again in retreat, disappointing investors who had hoped the sector had finally turned
Published 21 Nov, 2016 12:00am
Emerging markets may submerge again in 2017, top funds fear

Emerging markets may submerge again in 2017, top funds fear

The year threatens to end as it began for emerging markets - with losses. After spectacular returns between end-January and October, emerging market stocks and bonds are again in retreat, disappointing investors who had hoped the sector had finally turned
Published 21 Nov, 2016 12:00am
Egyptian pound weakens
Currency

Egyptian pound weakens

The Egyptian pound weakened significantly on Sunday as banks scrambled to meet a surge in demand for dollars and the central bank held benchmark interest rates steady. The pound was trading at between 17.25 and 17.75 against the dollar by 1138 (0938 GMT),
Published 21 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 Sunday. 78.58-78.58 (previous 78.58-78.58).
Published 21 Nov, 2016 12:00am
Abu Dhabi shares hit after bank merger talk quashed
Cotton

Abu Dhabi shares hit after bank merger talk quashed

Shares of three of Abu Dhabi's top lenders pulled back on Sunday after the banks denied they were in merger talks, while Saudi shares were hit by profit taking. Egypt's stock market gained as foreign funds continued to accumulate blue chips.
Published 21 Nov, 2016 12:00am
US prime money fund assets rise 1st time since July

US prime money fund assets rise 1st time since July

Assets of US prime money market funds for large investors posted their first weekly increase in four months, snapping a protracted drop due to regulations that went into effect in October, the Money Fund Report said on Wednesday.
Published 21 Nov, 2016 12:00am
US prime money fund assets rise 1st time since July

US prime money fund assets rise 1st time since July

Assets of US prime money market funds for large investors posted their first weekly increase in four months, snapping a protracted drop due to regulations that went into effect in October, the Money Fund Report said on Wednesday.
Published 21 Nov, 2016 12:00am
Deutsche, Citi team up on risk-retention CMBS

Deutsche, Citi team up on risk-retention CMBS

Deutsche Bank and Citigroup have teamed up to offer a new US $975m CMBS they hope will satisfy new risk-retention rules that take effect next month, two sources told IFR. The banks plan to keep at least 5% of each class of the securitisation, from the top
Published 21 Nov, 2016 12:00am
Comments on Companies Ordinance, 2016

Comments on Companies Ordinance, 2016

The companies' law is the primary and mother law for the businesses to be run under the corporate sector. Other laws, including banking laws etc rely on this primary law with respect to corporate regulations.
Published 21 Nov, 2016 12:00am
Comments on Companies Ordinance, 2016

Comments on Companies Ordinance, 2016

The companies' law is the primary and mother law for the businesses to be run under the corporate sector. Other laws, including banking laws etc rely on this primary law with respect to corporate regulations.
Published 21 Nov, 2016 12:00am
Social sector - II: 7.3 Poverty and income inequality

Social sector - II: 7.3 Poverty and income inequality

One of the direct results of high fertility rates and the country's inability to reap the economic benefits of the demographic dividend is poverty and income inequality. Official data shows that the number of people living in absolute poverty has been alm
Published 21 Nov, 2016 12:00am
Sanofi, GSK expect further price pressure, more M&A under Trump

Sanofi, GSK expect further price pressure, more M&A under Trump

Two of Europe's biggest drugmakers warned on Tuesday there would be no let up in pressure on US medicine prices after presidential election win for Republican Donald Trump, which sent pharmaceutical and biotech shares soaring.
Published 21 Nov, 2016 12:00am
Tesco recovery gains pace with fastest sales growth in three years

Tesco recovery gains pace with fastest sales growth in three years

Tesco's sales are rising at the fastest pace for three years, industry data showed on Tuesday, signalling the recovery at Britain's biggest supermarket group is gathering pace. Shares in the company climbed as much as 4 percent after market researcher Kan
Published 21 Nov, 2016 12:00am
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