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Archive - 2016-12-08
Security arrangements finalized for Eid Milad un Nabi (SAW)
General News

Security arrangements finalized for Eid Milad un Nabi (SAW)

MIRPURKHAS: Deputy Inspector General of Police (DIGP) Mirpurkhas range, Javaid Aalam Odho, has said that security arrangements in connection with Eid Milad un Nabi (SAW) have been finalized As many as 2363 police personnel were deputed to ensure fool proo
Published 08 Dec, 2016 05:38pm
COAS visits National Counter Terrorism Training Centre
Pakistan Top News

COAS visits National Counter Terrorism Training Centre

ISLAMABAD: Chief of Army Staff (COAS) General Qamar Javed Bajwa visited National Counter Terrorism Training Centre (NCTC), Pabbi and spent his day witnessing concluding sessions of high profile training events.
Published 08 Dec, 2016 04:49pm
Top seeds move to quarterfinals of BB Shaheed Tennis Tourney
Sports

Top seeds move to quarterfinals of BB Shaheed Tennis Tourney

ISLAMABAD: Top seed Aqeel Khan, second Seed Muhammad Abid Yasir Khan, Ahmed Ch, Shahzad Khan, Heera Ashiq, Muzammil Murtaza and Muzammil Murtaza moved into the quarterfinals of Men's Singles by beating their respective opponents on Thursday in the Sec
Published 08 Dec, 2016 04:31pm
Candle light vigil for plane crash victims
Life & Style

Candle light vigil for plane crash victims

MULTAN: A candle light vigil was organized by Pakistan Muslim League-N youth wing in the honour of victims of Wednesday's tragic plane crash in which 48 people including Junaid Jamshed alongwith his wife were killed.
Published 08 Dec, 2016 04:17pm
IS kills 26 Syria regime fighters in Homs: monitor
World Top News

IS kills 26 Syria regime fighters in Homs: monitor

BEIRUT: Islamic State group militants killed at least 26 members of Syrian government forces on Thursday in an assault on regime positions in the central province of Homs, a monitor said.
Published 08 Dec, 2016 04:16pm
Three Chinese exchanges eye 40pc stake in Pakistani bourse
Pakistan Top News

Three Chinese exchanges eye 40pc stake in Pakistani bourse

KARACHI: Three of China's financial market operators intend to buy jointly a combined stake of up to 40 percent in the Pakistan Stock Exchange (PSX), a person with close knowledge of the potential deal told China Daily.
Published 08 Dec, 2016 04:12pm
PM to PlayStation: Renzi retreats to plot comeback
Europe

PM to PlayStation: Renzi retreats to plot comeback

ROME: Matteo Renzi was planning to spend Thursday competing with his kids on PlayStation, sharpening reflexes Italy's commentators say the ousted premier will need as he plots his comeback.
Published 08 Dec, 2016 03:54pm
ECB surprises markets with bond buying slowdown
Money & Banking

ECB surprises markets with bond buying slowdown

FRANKFURT AM MAIN: The European Central Bank on Thursday extended its mass bond-buying programme to underpin a eurozone economy rattled by political uncertainties, but surprised markets by slowing the pace of its asset purchases.
Published 08 Dec, 2016 03:46pm
Sterling edges up after weakest daily performance in 2 months
Financial

Sterling edges up after weakest daily performance in 2 months

LONDON: Sterling edged up on Thursday, recovering from its worst daily performance in two months on a trade-weighted basis, after weak industrial data and a parliamentary vote to stick to the British prime minister's Brexit timetable weighed on the cu
Published 08 Dec, 2016 03:28pm
Carlos Slim's Telekom Austria to buy Croatia's Metronet
Industry

Carlos Slim's Telekom Austria to buy Croatia's Metronet

ZURICH: Telekom Austria Group said on Thursday it had agreed to buy a controlling stake in Croatian communications and computing group Metronet Telekomunikacije, which last year generated revenues of around 28 million euros ($30.
Published 08 Dec, 2016 03:27pm
23 boxes shifted to PIMS
Pakistan Top News

23 boxes shifted to PIMS

ISLAMABAD: As many as 23 boxes containing bodies of the Pakistan International Airlines (PIA) plane crash victims had been shifted to Pakistan Institute of Medical Sciences (PIMS).
Published 08 Dec, 2016 03:14pm
Arsenal won't lose Ozil, Sanchez early: Wenger
Football

Arsenal won't lose Ozil, Sanchez early: Wenger

LONDON: Arsenal lynchpins Alexis Sanchez and Mesut Ozil will not be allowed to leave the club before their contracts expire in 18 months' time, manager Arsene Wenger said on Thursday.
Published 08 Dec, 2016 03:09pm
Ashwin fights back for India after Jennings' debut ton
Cricket

Ashwin fights back for India after Jennings' debut ton

MUMBAI: England opener Keaton Jennings struck a century on debut before off-spinner Ravichandran Ashwin led an Indian fightback with late wickets to leave the visitors 288 for five on the first day of the fourth test at the Wankhede Stadium on Thursday.
Published 08 Dec, 2016 02:27pm
Despite Brexit, EU makes progress on capital market plan
Europe

Despite Brexit, EU makes progress on capital market plan

BRUSSELS: A European Union plan to bolster its capital markets received a boost from two preliminary deals to revive the credit sector, EU officials said on Thursday, a sign that Britain's vote to leave the bloc may not hamper the project.
Published 08 Dec, 2016 02:13pm
SECP initiated 54 show-cause proceedings in Oct, Nov
Business & Economy

SECP initiated 54 show-cause proceedings in Oct, Nov

ISLAMABAD: During October and November 2016, the Securities and Exchange Commission of Pakistan (SECP) initiated 54 show-cause proceedings and concluded 50 current proceedings, against the erring management and companies' auditors for various violatio
Published 08 Dec, 2016 02:03pm
Pakistan court postpones star's murder trial
General News

Pakistan court postpones star's murder trial

MULTAN: The brother of a Pakistani social media starlet, who confessed to strangling his sister in a so-called "honour killing" was due to be brought to court with two alleged accomplices on Thursday, but the trial was postponed because of a lawyers'
Published 08 Dec, 2016 01:52pm
Shanghai Electric to invest $9bn in Karachi power upgrades
Pakistan Top News

Shanghai Electric to invest $9bn in Karachi power upgrades

KARACHI: China's Shanghai Electric plans to spend $9 billion overhauling electricity infrastructure in Karachi, a minister told AFP, just months after the multinational revealed it was buying a Pakistan power company.
Published 08 Dec, 2016 01:49pm
Iraq yet to buy after 10,000 T sunflower oil tender
Commodities

Iraq yet to buy after 10,000 T sunflower oil tender

HAMBURG: Iraq's trade ministry has not yet made a purchase in an international tender to buy at least 10,000 tonnes of sunflower oil sourced from any origin worldwide apart from China, European traders said on Thursday.
Published 08 Dec, 2016 01:02pm
PIA plane issued Mayday call before deadly crash
Front Top News

PIA plane issued Mayday call before deadly crash

%D%ASADDHA BATOLNI: A Pakistani aircraft carrying 47 people issued a Mayday call before losing radar contact and crashing into a mountain, killing everyone on board, authorities said, as they began collecting DNA Thursday to identify victims.
Published 08 Dec, 2016 10:59am
RECORDER REPORT: PSX close of day
Pakistan Top News

RECORDER REPORT: PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Thursday having 44741.
Published 08 Dec, 2016 10:55am
Australia unchanged for first Pakistan Test
Cricket

Australia unchanged for first Pakistan Test

SYDNEY: Australia named an unchanged squad Thursday for the opening day-night Test against Pakistan as they look to build on progress made after a team clear-out following a horror run of five defeats.
Published 08 Dec, 2016 10:49am
Tokyo's Nikkei index closes at highest this year
Financial

Tokyo's Nikkei index closes at highest this year

TOKYO: Tokyo's key stock index on Thursday chalked up its best close this year, tracking Wall Street's surge to another fresh record high and as investors eye a key European Central Bank meeting.
Published 08 Dec, 2016 10:15am
NIB Bank-MCB Bank merger approved
Top News

NIB Bank-MCB Bank merger approved

RECORDER REPORT%D%AISLAMABAD: The board of directors of MCB Bank on Wednesday approved and recommended the Scheme of amalgamation of NIB Bank with and into MCB by way of amalgamation/merger of NIB with and into MCB through a share swap arrangement, accord
Published 08 Dec, 2016 09:58am
Black box of ill fated PK-661 recovered
Front Top News

Black box of ill fated PK-661 recovered

Islamabad: The black box of Pakistan International Airline (PIA) flight PK-661 that crashed near Havelian on Wednesday has been recovered.
Published 08 Dec, 2016 09:40am
Pakistan committed to SAARC objectives for prosperous region: PM
Pakistan Top News

Pakistan committed to SAARC objectives for prosperous region: PM

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif, Thursday said that Pakistan believe in the viability of SAARC (South Asian Association for Regional Cooperation) to achieve the cherished goal of a prosperous and developed South Asia.
Published 08 Dec, 2016 09:29am
Shipping activity at Port Qasim
Business & Economy

Shipping activity at Port Qasim

KARACHI: Two ships Northern Jamborne and Imari carrying containers and project cargo were berthed at Qasim International Container Terminal and Multi Purpose Terminal respectively on Wednesday.
Published 08 Dec, 2016 09:26am
Nikkei closes over 11-month high on upbeat China data
Financial

Nikkei closes over 11-month high on upbeat China data

TOKYO: Japan's Nikkei share average closed at the highest level since last December on Thursday as upbeat Chinese trade data boosted sentiment, while Tepco shares soared on news Japan will increase an interest-free loan related to its Fukushima costs.
Published 08 Dec, 2016 09:08am
Mahira Khan to promote Raees in India
Life & Style

Mahira Khan to promote Raees in India

After imposing ban on Pakistani talent working in Bollywood film industry, team Raees came out in support of Pakistani actress and said that Mahira Khan will surely be invited to promote the film in India (if required).
Published 08 Dec, 2016 08:54am
Japan Q3 growth slashed as capex, inventories shrink
World

Japan Q3 growth slashed as capex, inventories shrink

TOKYO: Japan's economy grew much slower than initially estimated in the third quarter, revised data showed, as capital expenditure dried up and companies ran down inventories - renewing concerns about Japan's growth prospects.
Published 08 Dec, 2016 08:27am
Turkish PM to hold news conference on economy measures: sources
Europe

Turkish PM to hold news conference on economy measures: sources

ANKARA: Turkish Prime Minister Binali Yildirim was set to announce measures on Thursday to boost the slowing economy and shore up the recently battered lira, with sources in his office saying a news conference would be held at 3 pm (1200 GMT).
Published 08 Dec, 2016 08:24am
PIA plane crash: PM, President extend condolences to families
Front Top News

PIA plane crash: PM, President extend condolences to families

ISLAMABAD: Prime Minister Nawaz Sharif has expressed grief over deaths in Havelian plane crash and directed the concerned departments to accelerate rescue operation at the site and cooperate with family members of passengers.
Published 08 Dec, 2016 08:14am
Harvard University launches BBLP

Harvard University launches BBLP

Harvard University on Wednesday launched Benazir Bhutto Leadership Program (BBLP), an initiative for the people assuming leadership posts in Muslim countries. The program was started by social welfare service organisation Class Achieving Change Together (
Published 08 Dec, 2016 12:00am
Rafia first Pakistani, Asian woman to become BDU member

Rafia first Pakistani, Asian woman to become BDU member

Khyber Pakhtunkhwa's Rafia Qaseem Baig has become the first Pakistani and Asian woman to become a member of the Bomb Disposal Unit (BDU). 29-year-old Rafia joined police force seven years ago and will now be working in BDU after completing her 15-day trai
Published 08 Dec, 2016 12:00am
Sugarcane payments cleared on time, says PSMA chairman

Sugarcane payments cleared on time, says PSMA chairman

Chairman Pakistan Sugar Mills Association (PSMA) Javed Kayani said that sugarcane payments were being cleared on time. In a statement issued on Wednesday, he said last year sugar industry made payments of Rs 240 billion to sugarcane growers. Chairman PSMA
Published 08 Dec, 2016 12:00am
Pakistan Petroleum Limited

Pakistan Petroleum Limited

Petroleum Limited (PSX: PPL) has been a frontline player in the energy sector since the mid-1950s. As a major supplier of natural gas, the company contributed to over 20 percent of the country's total natural gas supplies besides producing crude oil,
Published 08 Dec, 2016 12:00am
Pakistan Petroleum Limited

Pakistan Petroleum Limited

Petroleum Limited (PSX: PPL) has been a frontline player in the energy sector since the mid-1950s. As a major supplier of natural gas, the company contributed to over 20 percent of the country's total natural gas supplies besides producing crude oil,
Published 08 Dec, 2016 12:00am
NAB, FIA holding probe into USC matters

NAB, FIA holding probe into USC matters

A parliamentary panel was informed on Wednesday that National Accountability Bureau (NAB) and Federal Investigating Agency (FIA) were probing 124 corruption related matters in Utility Stores Corporation (USC) of Pakistan. Briefing the Senate Standing Comm
Published 08 Dec, 2016 12:00am
Terrorism, sectarian killings are part of politics: Sherani

Terrorism, sectarian killings are part of politics: Sherani

Chairman of the Council of Islamic Ideology (CII), Maulana Mohammad Khan Sherani said on Wednesday that Pakistan as a nation has to figure out whether terrorism and sectarian killings are part of religion or politics. Sherani while addressing the National
Published 08 Dec, 2016 12:00am
PPP's Khursheed Shah urges appointment of foreign minister

PPP's Khursheed Shah urges appointment of foreign minister

The Pakistan People Party has once again called for appointment of full time foreign minister while the Opposition Leader in National Assembly Khursheed Shah on Wednesday said, "The party's four demands are simple and have no political aims". On the occas
Published 08 Dec, 2016 12:00am
Air Chief visits Nigerian Air Force HQs

Air Chief visits Nigerian Air Force HQs

Air Chief Marshal Sohail Aman, Chief of the Air Staff, Pakistan Air Force visited the Nigerian Air Force Headquarters. On his arrival, he was received by Air Chief Marshal SB Abubakar, Chief of the Air Staff, Nigerian Air Force. A smartly turned out conti
Published 08 Dec, 2016 12:00am
NCHR directed to conduct external audit with AGP's consultation

NCHR directed to conduct external audit with AGP's consultation

The National Assembly Standing Committee on Human Rights Wednesday directed National Commission for Human Rights (NCHR) to conduct its external audit of administrative financial expenditure with the consultation of Auditor General of Pakistan (AGP).
Published 08 Dec, 2016 12:00am
Senate body briefed on LoC situation in in-camera meeting

Senate body briefed on LoC situation in in-camera meeting

Minister for Defence Khawaja Muhammad Asif and Advisor to the Prime Minister on Foreign Affairs Sartaj Aziz here on Wednesday briefed the Senate's Committee about latest situation at the Line of Control(LoC) and developing situation in Indian Occupied Kas
Published 08 Dec, 2016 12:00am
Mongolia Mining Corp could see debt deal before year-end

Mongolia Mining Corp could see debt deal before year-end

Mongolian Mining Corporation's debt restructuring talks with its creditors are progressing well and a deal could be reached before the end of the year, the country's Vice Minister Badamsuren Khookhor said on Monday. Hong Kong-listed Mongolian Mining Corp
Published 08 Dec, 2016 12:00am
China trumps Trump over outlook for industrial commodities

China trumps Trump over outlook for industrial commodities

The election of Donald Trump as US president has added froth to prices for metals and bulk commodities, but the real driver is, and will remain, the outlook for China. While price volatility associated with the somewhat surprising election of the brash re
Published 08 Dec, 2016 12:00am
Chile rejects attempt to block modified Barrick Gold mine project

Chile rejects attempt to block modified Barrick Gold mine project

Chile has rejected an attempt by local communities to block modifications needed to keep Barrick Gold Corp's controversial Pascua Lama project alive, a resolution by the ministerial committee involved showed on Wednesday. The Pascua Lama gold and silver p
Published 08 Dec, 2016 12:00am
European palm oil down on technical correction in futures

European palm oil down on technical correction in futures

Palm oil on the European market eased on Wednesday with Malaysian palm oil futures, which encountered a technical correction after recent gains on concerns over falling production. Palm oil was mostly offered between $2.50 and $10 a tonne down from Tuesda
Published 08 Dec, 2016 12:00am
Large global wheat supplies weigh on European prices

Large global wheat supplies weigh on European prices

European wheat prices eased on Wednesday as prospects of ample global supplies continued to weigh on the market, traders said. March milling wheat, the most active position on Paris-based Euronext, was down 0.15 percent by 1655 GMT at 162.75 euros a tonne
Published 08 Dec, 2016 12:00am
Tokyo rubber rises

Tokyo rubber rises

Benchmark Tokyo rubber futures ended up 1 percent, after hitting a one-week high on Wednesday, as a weaker yen and firm Shanghai futures provided support. Tokyo Commodity Exchange (TOCOM) and Shanghai futures have been moving in tandem, and the market is
Published 08 Dec, 2016 12:00am
Copper leads metals lower despite demand prospects

Copper leads metals lower despite demand prospects

Copper gave up earlier gains on Wednesday as concerns that the metal's rally had become overstretched outweighed prospects of higher demand from the world's largest economies. "Most of the move has been Chinese speculatively driven, particularly the move
Published 08 Dec, 2016 12:00am
Shanghai copper climbs

Shanghai copper climbs

Shanghai Futures Exchange copper climbed 0.8 percent to 48,350 yuan ($7,018) a tonne on Wednesday buoyed by signs that global manufacturing activity will return to a firmer footing next year and as metals attracted fresh interest from investors. A trader
Published 08 Dec, 2016 12:00am
Cotton gains on mill buying
Cotton

Cotton gains on mill buying

Cotton futures edged higher on Tuesday and marked its highest one-day percentage rise in about a week, on buying by mills, but gains were capped by a stronger dollar. "There is lot of support under the market from mill fixations," said Peter Egli, directo
Published 08 Dec, 2016 12:00am
US, Britain and France lead call for Aleppo ceasefire

US, Britain and France lead call for Aleppo ceasefire

The United States, Britain and France led a call Wednesday from six countries for an immediate ceasefire to allow aid into the besieged Syrian city of Aleppo. A statement jointly issued with Canada, Germany and Italy also hit out at the regime in Damascus
Published 08 Dec, 2016 12:00am
Swiss unveil stratospheric solar plane

Swiss unveil stratospheric solar plane

Just months after two Swiss pilots completed a historic round-the-world trip in a Sun-powered plane, another Swiss adventurer on Wednesday unveiled a solar plane aimed at reaching the stratosphere. The SolarStratos, a sleek, white two-seater aircraft with
Published 08 Dec, 2016 12:00am
Merkel urges Germans to stick to facts on refugee crime

Merkel urges Germans to stick to facts on refugee crime

Chancellor Angela Merkel insisted Wednesday that Germany's record refugee influx last year had not led to a surge in violent crime, despite a rash of headline-grabbing cases. Asked about the rape-murder of a German student allegedly committed by a teenage
Published 08 Dec, 2016 12:00am
Nato urges continued sanctions on Russia over Ukraine

Nato urges continued sanctions on Russia over Ukraine

Damaging economic sanctions imposed on Russia over the Ukraine crisis must be kept in place to force Moscow to meet its Minsk ceasefire commitments, Nato head Jens Stoltenberg said Wednesday. "The international community must keep pressure on Russia to re
Published 08 Dec, 2016 12:00am
Doris Leuthard voted Swiss president, for second time

Doris Leuthard voted Swiss president, for second time

The Swiss parliament on Wednesday elected Energy Minister Doris Leuthard to serve in 2017 in the largely symbolic position of president of Switzerland, for a second time. The choice of the 53-year-old was all but certain, since it was her turn among the s
Published 08 Dec, 2016 12:00am
EU border agency launches emergency rapid response unit

EU border agency launches emergency rapid response unit

Europe's border agency Frontex on Wednesday announced the launch of a rapid response unit to be deployed to the EU rim to cope with migration emergencies. The "rapid reaction pool" will comprise 1,500 guards, including finger-scanning and nationality scre
Published 08 Dec, 2016 12:00am
Turkish soldier killed in bomb attack in Syria

Turkish soldier killed in bomb attack in Syria

A Turkish soldier was killed Wednesday in a car bomb attack in northern Syria where troops are helping Syrian rebels capture a key town from Islamic State jihadists, the army said. The attack took place near the town of Al Bab, 25 kilometres (15 miles) fr
Published 08 Dec, 2016 12:00am
Four migrants drown off Morocco coast, 34 rescued

Four migrants drown off Morocco coast, 34 rescued

Four sub-Saharan African migrants drowned on Wednesday after their boat capsized off the Moroccan coast, local media reported. A further 34 people including five women were rescued during a joint operation by local police and rescue services, semi-officia
Published 08 Dec, 2016 12:00am
Dark matter 'smoother' than we thought

Dark matter 'smoother' than we thought

Dark matter, the mysterious substance believed to comprise a quarter of our Universe, is spread out more smoothly than previously thought, said a study Wednesday that may challenge some tenets of physics. The finding may throw into question what little we
Published 08 Dec, 2016 12:00am
Terror fight needs coalitions, no 'false promises': Obama

Terror fight needs coalitions, no 'false promises': Obama

President Barack Obama on Tuesday used his final address on global terror to defend his approach to the fight, calling for coalition-building to continue battlefield successes while rejecting the use of torture. Highlighting the lines drawn during his eig
Published 08 Dec, 2016 12:00am
BBC under investigation for profile of new Thai king

BBC under investigation for profile of new Thai king

Thai authorities are investigating the BBC over a Thai-language profile of the new king, officials said Wednesday, after the article outraged ultra-royalists in a country where criticism of the monarchy is outlawed. A harsh royal defamation law has been u
Published 08 Dec, 2016 12:00am
Ghana votes in tight election amid economic slump

Ghana votes in tight election amid economic slump

Ghanaians voted Wednesday in tight presidential and parliamentary polls seen as a litmus test of stability for one of Africa's most secure democracies as it wrestles with a stumbling economy and corruption scandals. Once praised by US President Barack Oba
Published 08 Dec, 2016 12:00am
Renewed fighting hits Libya's key oil region

Renewed fighting hits Libya's key oil region

Islamist militias attacked Libya's key oil-producing region on Wednesday and were repelled by forces commanded by controversial general Khalifa Haftar, military sources told AFP. The Benghazi Defence Brigades attacked Ben Jawad town near the coastal "oil
Published 08 Dec, 2016 12:00am
Britain seeks deeper ties with South Africa post-Brexit: Hammond

Britain seeks deeper ties with South Africa post-Brexit: Hammond

Finance minister Philip Hammond on Wednesday said Britain was working on strengthening ties with non-EU partners before exiting the European Union. After a string of "constructive" talks with top political and business leaders, the Chancellor of the Exche
Published 08 Dec, 2016 12:00am
Jennings to debut for 're-energised' England

Jennings to debut for 're-energised' England

Batsman Keaton Jennings will make his Test debut against India on Thursday, becoming the latest South Africa-born cricketer to pull on an England jersey, captain Alastair Cook announced. "Yeah he is going to play. He's going to open the batting. It will b
Published 08 Dec, 2016 12:00am
IOC extends sanctions against Russia over doping

IOC extends sanctions against Russia over doping

The International Olympic Committee (IOC) on Wednesday extended sanctions against Russia over doping until further notice.The IOC first imposed sanctions on Russia in July in the wake of Richard McLaren's report for the World Anti-Doping Agency (WADA) tha
Published 08 Dec, 2016 12:00am
IAAF extends ban on Coe's aide in corruption probe

IAAF extends ban on Coe's aide in corruption probe

One of IAAF president Sebastian Coe's closest aides, Nick Davies, on Wednesday had his suspension extended until January 31 as the investigation continues into corruption at the heart of track and field's world governing body linked to the Russian doping
Published 08 Dec, 2016 12:00am
Le Tissier had 'very wrong' naked massage by alleged abuser

Le Tissier had 'very wrong' naked massage by alleged abuser

Ex-England star Matthew Le Tissier became the highest profile former footballer to allege inappropriate behaviour involving children, saying he received "a really disgusting" naked massage from a former Southampton youth coach. Le Tissier, a Southampton l
Published 08 Dec, 2016 12:00am
Olympia, Subway earn victories in Magic River Polo

Olympia, Subway earn victories in Magic River Polo

Olympia and Subway registered victories in the Magic River Polo Cup 2016 Pool-B matches played here at the Lahore Polo Club (LPC) ground on Wednesday. In the first match of the day, Olympia played well against Rijas and outclassed them by 7-2. The superb
Published 08 Dec, 2016 12:00am
Becker criticises Djokovic following split

Becker criticises Djokovic following split

Novak Djokovic failed to train hard enough and will not regain the top world ranking unless he "puts in the hours", former coach Boris Becker says, after the pair split. Djokovic has won 12 Grand Slam titles - six under Becker - but on Tuesday the Serb co
Published 08 Dec, 2016 12:00am
Spanish minister challenges 'Football Leaks' gag order

Spanish minister challenges 'Football Leaks' gag order

Spain's sports minister said Wednesday he was "surprised" by a Spanish judge's decision to seek a gag order on 12 European media outlets that alleged massive football fraud, saying it would "have no effect." The first batch of so-called "Football Leaks" u
Published 08 Dec, 2016 12:00am
Diamond League adopts championship model

Diamond League adopts championship model

The IAAF Diamond League, the 14-meeting elite circuit in the world athletics season, has adopted a championship-style model with the finalists competing for a prize pool of $3.2 million, organisers announced Wednesday. In previous seasons, athletes accumu
Published 08 Dec, 2016 12:00am
Napoli, Benfica through as Arsenal pinch top spot

Napoli, Benfica through as Arsenal pinch top spot

Napoli and Benfica clinched places in the Champions League last 16 on Tuesday as nine-man Besiktas capitulated at Dynamo Kiev, while Arsenal snatched first place away from Paris Saint-Germain in Group A. Jose Callejon and Dries Mertens scored second-half
Published 08 Dec, 2016 12:00am
Indonesia win over Vietnam for the Suzuki Cup final

Indonesia win over Vietnam for the Suzuki Cup final

Vietnam and Indonesia drew 2-2 after extra time at the second leg of the Suzuki Cup semi-finals Wednesday, ensuring the Garuda a spot in the final after a hard-fought battle against the Golden Stars. Indonesia's top striker Stefano Lilipaly drew first blo
Published 08 Dec, 2016 12:00am
Dubai Masters suspended after death of caddie

Dubai Masters suspended after death of caddie

The first round of the Dubai Ladies Masters, the season-ending championship of the Ladies European Tour, was suspended Wednesday after the death of a caddie. Austrian Maximillian Zechmann, a former caddie on the European Tour, collapsed on the 13th fairwa
Published 08 Dec, 2016 12:00am
Yuan weakens

Yuan weakens

China's yuan weakened against the US dollar on Wednesday, after the central bank set a noticeable weaker midpoint to reflect global dollar index strength. The People's Bank of China set the midpoint rate at 6.8808 per dollar prior to market open, weaker t
Published 08 Dec, 2016 12:00am
Sterling tumbles against dollar, euro
Currency

Sterling tumbles against dollar, euro

Sterling posted its biggest slide in two months on Wednesday after poor British industrial output data added to the sense that a month-long recovery in the currency may have run its course. Sterling fell as much as 0.7 percent to touch a one-week low agai
Published 08 Dec, 2016 12:00am
Brazil real up

Brazil real up

The Brazilian real strengthened on Wednesday as concerns eased that the ouster of Senate President Renan Calheiros could potentially delay the approval of fiscal measures. Major newspapers reported Brazil's Supreme Court is seeking an agreement that would
Published 08 Dec, 2016 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Wednesday. 78.80-78.82 (previous 78.79-78.80).
Published 08 Dec, 2016 12:00am
Asian currencies mixed
Currency

Asian currencies mixed

Emerging Asian currencies were mixed on Wednesday as cautious investors waited for clues about the future of the European Central Bank's asset-purchase programme from a policy meeting that is to be held this week. The Chinese yuan eased as the People's Ba
Published 08 Dec, 2016 12:00am
Aussie slips, kiwi steadies

Aussie slips, kiwi steadies

The Australian dollar slipped on Wednesday after data showed the economy shrank for the first time since 2011, raising the spectre of a possible recession following 25 years of growth. The Australian dollar fell to $0.7425, from $0.7460 early, pulling clo
Published 08 Dec, 2016 12:00am
Euro slips in New York
Currency

Euro slips in New York

The euro slipped from three-week highs against the US dollar on Tuesday, following a strong rally on Monday, as investors awaited Thursday's highly anticipated European Central Bank policy meeting. The euro gained on Monday after Italian Prime Minister Ma
Published 08 Dec, 2016 12:00am
Early trade in New York: Euro gains against dollar

Early trade in New York: Euro gains against dollar

The euro gained slightly on the dollar on Wednesday as investors focused on Thursday's European Central Bank meeting for possible indications on when the central bank may begin paring bond purchases under its quantitative easing program. The euro has been
Published 08 Dec, 2016 12:00am
Major currencies tread water in Europe
Currency

Major currencies tread water in Europe

Most major currencies treaded water on Wednesday with traders looking ahead to a meeting of the European Central Bank on Thursday that could set the tone for markets after the sharp moves in the wake of last month's US elections. The ECB is widely expecte
Published 08 Dec, 2016 12:00am
Dollar, euro steady in Asian trade
Currency

Dollar, euro steady in Asian trade

The euro and dollar were steady on Wednesday as traders paused for the outcome of Thursday's European Central Bank policy meeting, which may set the tone for currency markets after the sharp moves in the wake of last month's US election. The euro was litt
Published 08 Dec, 2016 12:00am
FTSE hits one-month high as banks and miners lead cyclical charge

FTSE hits one-month high as banks and miners lead cyclical charge

Britain's top share index rose to a one-month high on Wednesday, rallying for a third straight session as investors snapped up bank and mining stocks and rotated out of more "defensive" parts of the market. The British FTSE 100 was up 1.8 percent to 6,902
Published 08 Dec, 2016 12:00am
Most Southeast Asian stocks higher

Most Southeast Asian stocks higher

Most Southeast Asian markets ended higher on Wednesday tracking Asian peers with investors awaiting the upcoming European Central Bank (ECB) policy meeting for cues. The ECB is expected to announce a six-month extension to its quantitative easing programm
Published 08 Dec, 2016 12:00am
Australian shares rise

Australian shares rise

Australian shares ended Wednesday higher on the back of Wall Street's record close, led by the financial and materials sectors, even after news that the Australian economy contracted last quarter. The S&P/ASX 200 index closed 49.4 points, 0.9 percent, hig
Published 08 Dec, 2016 12:00am
European shares hit Q4 high as banks advance further

European shares hit Q4 high as banks advance further

European shares climbed on Wednesday, with the regional banking index hitting an 11-month peak after Credit Suisse announced further cost cuts and Italian banks surged in their best two-day run since mid-2011. The STOXX Europe 600 Banks index was up 2.3 p
Published 08 Dec, 2016 12:00am
China stocks snap losing streak

China stocks snap losing streak

China stocks snapped a three-day streak of losses on Wednesday, helped by a rally in resources shares. The bluechip CSI300 index rose 0.5 percent, to 3,475.75 points, while the Shanghai Composite Index gained 0.7 percent to 3,222.24 points. The indexes we
Published 08 Dec, 2016 12:00am
Indian shares lower

Indian shares lower

Indian shares snapped two sessions of gains to close lower on Wednesday after the Reserve Bank of India unexpectedly kept its repo rate unchanged, despite calls for action as an intense cash shortage threatens the economy. The broader NSE index fell as mu
Published 08 Dec, 2016 12:00am
US bond yields little changed

US bond yields little changed

Most US Treasury yields were little changed on Tuesday, holding in narrow ranges as traders awaited possible clues from the European Central Bank on its bond purchase program following its policy meeting on Thursday. There was no major news to weaken the
Published 08 Dec, 2016 12:00am
US bond yields little changed

US bond yields little changed

Most US Treasury yields were little changed on Tuesday, holding in narrow ranges as traders awaited possible clues from the European Central Bank on its bond purchase program following its policy meeting on Thursday. There was no major news to weaken the
Published 08 Dec, 2016 12:00am
Hong Kong stocks edge up

Hong Kong stocks edge up

Hong Kong stocks rose for the second day on Wednesday, lifted by energy and raw materials sectors, but trading was thin as investors were cautious ahead of the European Central Bank's policy meeting on Thursday. Both the benchmark Hang Seng index and the
Published 08 Dec, 2016 12:00am
Banks, telecoms lead Wall Street up; another Dow record

Banks, telecoms lead Wall Street up; another Dow record

Wall Street climbed on Tuesday as telecom stalwarts AT&T and Verizon gained and bank shares added to their torrid post-election rally, helping the Dow set another record closing high. The S&P financial sector rose nearly 1 percent, lifted by a 2.2 percent
Published 08 Dec, 2016 12:00am
Tokyo stocks surge

Tokyo stocks surge

Tokyo stocks ended higher Wednesday after another record close on Wall Street and as SoftBank soared in response to Donald Trump's announcement of a $50 billion investment by the telecoms and internet giant. Dealers are also looking ahead to a meeting Thu
Published 08 Dec, 2016 12:00am
Taiwan stocks soar

Taiwan stocks soar

Taiwan stocks edged higher on Wednesday, mainly tracking overseas markets although trading was cautious ahead of the release of the island nation's exports data due after market hours. Exports likely rose for a second month in a row in November from a yea
Published 08 Dec, 2016 12:00am
UAE bourse outperforms region, profit-taking hits Saudi, Egypt

UAE bourse outperforms region, profit-taking hits Saudi, Egypt

Stock markets in the United Arab Emirates outperformed the region on Wednesday while investors booked profits in Saudi Arabian petrochemical shares and Egyptian bluechips. Dubai's main index closed 1.3 percent higher in healthy volume as some large and mi
Published 08 Dec, 2016 12:00am
British watchdog fines Pfizer

British watchdog fines Pfizer

Britain's competition watchdog said Wednesday it had fined Pfizer £84 million after the US pharmaceutical giant hiked massively the price of an anti-epilepsy drug, heavily impacting the tax-funded National Health Service.
Published 08 Dec, 2016 12:00am
Fixed income attracts $132 billion in third quarter

Fixed income attracts $132 billion in third quarter

Fixed income products attracted $132 billion of net inflows in the third quarter, the latest data from research provider eVestment showed on Tuesday. Although there has been talk of a "great rotation" out of deflation plays such as bonds and into assets e
Published 08 Dec, 2016 12:00am
Fixed income attracts $132 billion in third quarter

Fixed income attracts $132 billion in third quarter

Fixed income products attracted $132 billion of net inflows in the third quarter, the latest data from research provider eVestment showed on Tuesday. Although there has been talk of a "great rotation" out of deflation plays such as bonds and into assets e
Published 08 Dec, 2016 12:00am
India keeps rates unchanged
Currency

India keeps rates unchanged

India's central bank unexpectedly kept its key policy rate unchanged at 6.25 percent on Wednesday, despite calls for action in the face of an intense cash shortage that threatens to slam the brakes on the world's fastest-growing large economy. The Reserve
Published 08 Dec, 2016 12:00am
Paris chokes under worst winter air pollution in decade

Paris chokes under worst winter air pollution in decade

Paris choked Wednesday under its worst winter pollution in a decade, with commuters enjoying free public transport and half of the cars ordered off the road in an effort clear the air. The surge in pollution has been driven by cold weather and near windle
Published 08 Dec, 2016 12:00am
South Korea fines Volkswagen $32 million for false advertising

South Korea fines Volkswagen $32 million for false advertising

Seoul's anti-trust agency slapped the South Korean unit of German carmaker Volkswagen with a 37.3 billion won ($32 million) fine Wednesday for false advertising over the carmaker's emissions fraud scandal. The Fair Trade Commission (FTC) said it would als
Published 08 Dec, 2016 12:00am
BMW to compensate thousands of Australian clients in loan scam

BMW to compensate thousands of Australian clients in loan scam

German car giant BMW has agreed to pay Aus$77 million (US $57 million) to compensate thousands of Australians who were misled into taking loans they could not afford in the country's largest consumer payback scheme. The Australian Securities and Investmen
Published 08 Dec, 2016 12:00am
China warns against 'irrational' overseas acquisitions

China warns against 'irrational' overseas acquisitions

China has urged domestic companies to avoid "irrational" overseas investments following a record-setting buying spree that has worried authorities about capital outflows and rash spending. The rebuke carried by the Xinhua news agency did not single out pa
Published 08 Dec, 2016 12:00am
Iran plans to revalue, rename rial currency
Currency

Iran plans to revalue, rename rial currency

Iran plans to revalue its rial tenfold and revert to the currency's old name, the toman, according to a bill approved on Wednesday by President Hassan Rouhani's cabinet, the official Islamic Republic News Agency (IRNA) said. The currency was called the to
Published 08 Dec, 2016 12:00am
Iran to sign oil, gas deals with Shell

Iran to sign oil, gas deals with Shell

Iran was set to sign a preliminary agreement with Shell on Wednesday to develop major oil and gas fields as it seeks to boost its output, an oil official said. The deals include a $10-12 billion expansion of the South Azadegan oil field and another projec
Published 08 Dec, 2016 12:00am
China forex reserves plunge amid surging dollar
Currency

China forex reserves plunge amid surging dollar

China's foreign exchange reserves plunged by $69 billion in November to a five-year low, according to central bank data released Wednesday, as policy-makers battled to support the yuan currency against a resurgent dollar. The world's largest hard-currency
Published 08 Dec, 2016 12:00am
Credit Suisse to cut deeper

Credit Suisse to cut deeper

Credit Suisse, Switzerland's second-biggest bank, said Wednesday it was stepping up its cost cutting drive as market turbulence would crimp the performance of its wealth management units. The bank said it now aims to make 4.2 billion Swiss francs (3.8 bil
Published 08 Dec, 2016 12:00am
Most Mexican banks have enough capital in stress tests: central bank

Most Mexican banks have enough capital in stress tests: central bank

Mexico's banking system maintains reasonable capital levels when subject to adverse scenarios in recent stress tests, the central bank said on Monday, but added that some institutions could show capital deficiencies under certain conditions. In an annual
Published 08 Dec, 2016 12:00am
Canada central bank maintains key lending rate at 0.5 percent

Canada central bank maintains key lending rate at 0.5 percent

Canada's central bank maintained its key lending rate at 0.5 percent Wednesday, citing uncertainty dampening investment and business confidence in the country's major trading partners, despite a strengthening global economy. Trade is crucial for the Canad
Published 08 Dec, 2016 12:00am
Ageing Mugabe salutes Zimbabweans' economic resilience
Currency

Ageing Mugabe salutes Zimbabweans' economic resilience

President Robert Mugabe used his state of the nation address Tuesday to praise Zimbabweans for showing "resilience" through economic troubles, but he avoided mention of the country's controversial new currency. Since last week, Zimbabweans withdrawing mon
Published 08 Dec, 2016 12:00am
Taiwan November exports grow at fastest rate in nearly four years

Taiwan November exports grow at fastest rate in nearly four years

Taiwan's exports in November grew at their strongest pace in nearly four years, as global retailers stocked up on the island's hi-tech gadgets for the year-end shopping season, but analysts said momentum will fade as seasonal demand peaks. The better-than
Published 08 Dec, 2016 12:00am
Canada steps back in October from record trade deficit

Canada steps back in October from record trade deficit

Canada posted a Can$1.1 billion (US $827 million) trade deficit in October, stepping back from a record shortfall the previous month, the government statistical agency said Tuesday. The figure beat analysts' predictions of Can$2.1 billion after a record d
Published 08 Dec, 2016 12:00am
Russian economic recovery encouraging: central banker
Currency

Russian economic recovery encouraging: central banker

Russia's economy is displaying "encouraging signs" of recovery and should return to growth in the first quarter of 2017, though it will take years for inflation expectations to be anchored, the central bank's first deputy governor said on Tuesday.
Published 08 Dec, 2016 12:00am
United Airlines mechanics ratify new contract

United Airlines mechanics ratify new contract

Union mechanics at United Airlines on Monday ratified a six-year joint collective bargaining agreement with the airline, marking the end to several years of contract talks between the two parties. The agreement, approved by United mechanics who are repres
Published 08 Dec, 2016 12:00am
Brazil's Temer unveils pension reform

Brazil's Temer unveils pension reform

Brazil President Michel Temer appealed to political leaders on Monday to back his unpopular proposal to reform the country's costly pension system that would force Brazilians to work more years before being eligible for full retirement benefits.
Published 08 Dec, 2016 12:00am
Activities of Karachi Port and Port Qasim

Activities of Karachi Port and Port Qasim

The Karachi Port handled 139,049 tonnes of cargo comprising 94,493 tonnes of import cargo and 44,556 tonnes of export cargo including 7,652 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of 9
Published 08 Dec, 2016 12:00am
HRW wheat bids steady

HRW wheat bids steady

Hard red winter (HRW) wheat cash basis bids in the southern US Plains were steady on Tuesday amid light farmer sales and uneven demand from domestic millers, said merchants. Premiums for wheat shipped to and through Kansas City on Monday were down 3 cents
Published 08 Dec, 2016 12:00am
US FOB Gulf soyabean offers hold steady

US FOB Gulf soyabean offers hold steady

Export premiums for soyabeans shipped from the US Gulf Coast held steady on Tuesday, underpinned by persistent demand from China but capped by ample supplies in the export pipeline, traders said. Expectations for a seasonal slowdown in demand as South Ame
Published 08 Dec, 2016 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,051. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 3.60 billion and the number of lots traded was 12,907. Major business was contributed by cru
Published 08 Dec, 2016 12:00am
US natural gas futures fall after two-year high

US natural gas futures fall after two-year high

US natural gas futures edged lower after rising to a near two-year high on Tuesday, in a break from a two-week rally, despite forecasts for colder weather and higher heating demand through late December. After rising 21 percent over the past two weeks, fr
Published 08 Dec, 2016 12:00am
Sheikh Tamim bin Hamad bin Khalifa Al Thani, Emir of State of Qatar

Sheikh Tamim bin Hamad bin Khalifa Al Thani, Emir of State of Qatar

Sheikh Tamim bin Hamad Al Thani is the eighth and current Emir of Qatar. He is the fourth son of the previous Emir, Hamad bin Khalifa Al Thani. He became Emir of Qatar on 25 June 2013 after his father's abdication. Tamim has held a variety of government p
Published 08 Dec, 2016 12:00am
Message from Consul General of the State of Qatar in Karachi

Message from Consul General of the State of Qatar in Karachi

On this auspicious occasion I hereby extend my felicitations to His Highness Sheikh Tamim Bin Hamad Al Thani Emir of the State of Qatar and His Highness the Father Emir Sheikh Hamad Bin Khalifa Al Thani. I also extend my gratitude for the co-operation ext
Published 08 Dec, 2016 12:00am
PAK-QATAR TAKAFUL GROUP: Pak-Qatar Family Takaful Limited

PAK-QATAR TAKAFUL GROUP: Pak-Qatar Family Takaful Limited

Pak-Qatar Family Takaful Limited, the pioneers of Family Takaful, is a progressive and a technology-driven Shari'ah Compliant company providing innovative Takaful solutions in Pakistan. Incorporated in 2006, and beginning operations in 2007, the company i
Published 08 Dec, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 08 Dec, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 08 Dec, 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 08 Dec, 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 08 Dec, 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 Wednesday (December 07, 2016).

Published 08 Dec, 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 Wednesday (December 07, 2016).

Published 08 Dec, 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 Wednesday (December 07, 2016).

Published 08 Dec, 2016 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (December 07, 2016).
Published 08 Dec, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (December 07, 2016).

Published 08 Dec, 2016 12:00am
Appointment of Justice Saqib as new CJP notified

Appointment of Justice Saqib as new CJP notified

President Mamnoon Hussain Wednesday notified the appointment of Justice Saqib Nisar as Chief Justice of Pakistan (CJP) starting December 31. CJP Anwar Zaheer Jamali is set to retire by the end of the year. Justice Mian Saqib Nisar was born on January 18,
Published 08 Dec, 2016 12:00am
Appointment of Justice Saqib as new CJP notified

Appointment of Justice Saqib as new CJP notified

President Mamnoon Hussain Wednesday notified the appointment of Justice Saqib Nisar as Chief Justice of Pakistan (CJP) starting December 31. CJP Anwar Zaheer Jamali is set to retire by the end of the year. Justice Mian Saqib Nisar was born on January 18,
Published 08 Dec, 2016 12:00am
Britain will help Gulf 'push back' against Iran aggression: May

Britain will help Gulf 'push back' against Iran aggression: May

Britain will help Gulf states "push back" against aggressive regional actions by Iran, Prime Minister Theresa May told the Gulf Co-operation Council in Bahrain on Wednesday in a televised address. Iran's alleged "interference" in the region is a central p
Published 08 Dec, 2016 12:00am