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Archive - 2016-12-10
RugbyU: Saracens run riot in European Cup
Sports

RugbyU: Saracens run riot in European Cup

PARIS: Defending champions Saracens romped to a six-try, 50-3 win over English rivals Sale on Saturday to take a huge step closer to the European Cup quarter-finals.
Published 10 Dec, 2016 08:54pm
Car bomb in Istanbul, nearly 20 police wounded: minister
World Top News

Car bomb in Istanbul, nearly 20 police wounded: minister

ISTANBUL: A car bomb ripped through a crowd in the heart of Istanbul Saturday, wounding around 20 police officers, the interior minister said, quoted by the official Anadolu news agency.
Published 10 Dec, 2016 08:35pm
Vardy savours first Leicester hat-trick
Football

Vardy savours first Leicester hat-trick

LEICESTER: Jamie Vardy admitted he was relieved to end his goal drought and get Leicester back on track as the striker's hat-trick inspired a 4-2 win against Manchester City on Saturday.
Published 10 Dec, 2016 08:07pm
Spanish La Liga table
Football

Spanish La Liga table

MADRID: Spanish league table before Saturday's late match (played, won, drawn, lost, goals for, goals against, point
Published 10 Dec, 2016 08:05pm
US National Security Adviser expresses concern over LoC escalation
World Top News

US National Security Adviser expresses concern over LoC escalation

WASHINGTON: US National Security Adviser Dr Susan Rice on Friday expressed concern over the increasing escalation at the Line of Control (LoC) and said the United States stood for dialogue and meaningful cooperation among the countries of the region.
Published 10 Dec, 2016 06:53pm
Messi double brings Barca relief
Football

Messi double brings Barca relief

MADRID: Lionel Messi struck twice as Barcelona recorded their first win in four La Liga games to close to within three points of Real Madrid at the top of La Liga with a 3-0 win at Osasuna.
Published 10 Dec, 2016 05:55pm
PTI's popularity dropped due to its backtacking on commission: Asif
Front Top News

PTI's popularity dropped due to its backtacking on commission: Asif

SIALKOT: Federal Minister for Defence, Water and Power Khwaja Muhammad Asif Saturday said the popularity graph of Pakistan Tehreek-e-Insaf (PTI) had further dropped due to its backtracking on the formation a judicial commission to investigate the Panama P
Published 10 Dec, 2016 05:51pm
CTD officer shot dead in Peshawar
Pakistan Top News

CTD officer shot dead in Peshawar

%D%APESHAWAR: An anti-terror police officer was shot dead by unidentified gunmen on a motorbike in Peshawar on Saturday, police said.
Published 10 Dec, 2016 03:06pm
Pak-Turkey ties beneficial for Ummah: President
Pakistan

Pak-Turkey ties beneficial for Ummah: President

ISLAMABAD: President Mamnoon Hussain Saturday said Pakistan and Turkey enjoyed friendly and brotherly relations and hoped that this bilateral cooperation would be beneficial for Muslim Ummah and humanity.
Published 10 Dec, 2016 11:15am
Govt determined on establishing equality for all: PM
World Top News

Govt determined on establishing equality for all: PM

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Saturday said the government is steadfastly working towards establishing equality for all human beings, besides creating an environment of peaceful co-existence and non-discrimination on the basis of caste,
Published 10 Dec, 2016 11:14am
Int'l community should take notice of human rights violations in IoK
Pakistan Top News

Int'l community should take notice of human rights violations in IoK

ISLAMABAD: President Mamnoon Hussain Saturday urged the international community to take notice of the gross human rights violations against Kashmiris in Indian Occupied Kashmir (IoK) and Palestinians who are deprived of their right to self-determination.
Published 10 Dec, 2016 11:13am
Panamagate case back to square one?
Front Top News

Panamagate case back to square one?

%D%AKHUDAYAR MOHLA %D%A%D%AISLAMABAD: The refusal of Pakistan Tehreek-e-Insaf (PTI) to avail the judicial commissions option for holding an investigation into a Panama leaks case coupled with the retirement of Chief Justice Anwar Zaheer Jamali on Friday h
Published 10 Dec, 2016 09:40am
Ancient dinosaur tail discovery opens new doors
Arts

Ancient dinosaur tail discovery opens new doors

A partial tail of an ancient feathered dinosaur preserved in amber 99 million years ago was just discovered by researchers in Burma, according to a study released on Thursday.%D%A%D%A
Published 10 Dec, 2016 09:35am
Wasim Akram out of IPL 2017
Cricket

Wasim Akram out of IPL 2017

Pakistans bowling legend Wasim Akram would not participate in the upcoming edition of Indian Premier League (IPL) in 2017, citing professional reasons behind his withdrawal.
Published 10 Dec, 2016 09:16am
Govt adopts all possible measures to safeguard rights of citizens: President
Front Top News

Govt adopts all possible measures to safeguard rights of citizens: President

ISLAMABAD: President Mamnoon Hussain has said the Constitution of Pakistan guarantees freedom to its citizens regardless of their caste, color or creed and Government is adopting all possible measures to safeguard fundamental rights of every citizen of th
Published 10 Dec, 2016 09:08am
Pentagon chief announces 200 more US troops for Syria
Pakistan Top News

Pentagon chief announces 200 more US troops for Syria

DUBAI: Washington will send another 200 troops to Syria to help an alliance of Kurdish and Arab fighters seize the Islamic State group bastion of Raqa, Defence Secretary Ashton Carter said on Saturday.
Published 10 Dec, 2016 08:46am
45,000 left homeless after Indonesia quake
Front Top News

45,000 left homeless after Indonesia quake

JAKARTA: Tens of thousands of people have been displaced after a devastating earthquake in Indonesia killed more than 100 people, an official said Saturday, leaving communities in ruins as aid trickled into the disaster-stricken province.
Published 10 Dec, 2016 08:45am
Pakistan to impose NTMs on Indonesia
Pakistan Top News

Pakistan to impose NTMs on Indonesia

MUSHTAQ GHUMMAN%D%AISLAMABAD: Pakistan is all set to impose Non-Tariff Measures (NTMs) on Indonesia on a reciprocal basis aimed at making import of palm oil more restrictive like Jakarta did with Islamabad, well-informed sources told Business Recorder.
Published 10 Dec, 2016 08:03am
OPEC to push for non-member oil cuts
Energy

OPEC to push for non-member oil cuts

VIENNA: OPEC will seek Saturday to persuade other oil producers to lower production as part of a newly struck global pact to stem a crude glut and lift painfully low prices.
Published 10 Dec, 2016 07:17am
Turkey to submit Erdogan powers bill to parliament
Europe

Turkey to submit Erdogan powers bill to parliament

ISTANBUL: Turkey's ruling party is to submit a bill to parliament on Saturday expanding the powers of President Recep Tayyip Erdogan, a move supporters believe will streamline the political system but opponents fear will lead to one-man rule.
Published 10 Dec, 2016 07:15am
India 247-2 at lunch in fourth India Test
Cricket

India 247-2 at lunch in fourth India Test

MUMBAI: Opening batsman Murali Vijay hit an unbeaten century as India raced to 247-2 at lunch on day three of the fourth Test against England in Mumbai on Saturday.
Published 10 Dec, 2016 07:14am
Record-equalling Howell scorches into contention
Sports

Record-equalling Howell scorches into contention

HONG KONG: David Howell came from nowhere to shoot a record-equalling 63 at the Hong Kong Open Saturday, as the former Ryder Cup player rediscovered long-lost form to surge up the leaderboard.
Published 10 Dec, 2016 06:30am
Russia interfered in US election to help Trump win: report
World Top News

Russia interfered in US election to help Trump win: report

WASHINGTON: A secret CIA assessment has found that Russia sought to tip last month's US presidential election in Donald Trump's favor, The Washington Post reported Friday, a conclusion that drew an extraordinary rebuke from the president-elect&#39
Published 10 Dec, 2016 06:28am
Southeast Asian stocks take marginal gains

Southeast Asian stocks take marginal gains

Southeast Asian markets notched up marginal gains in subdued trade on Friday as the European Central Bank's decision to extend its debt-buying programme did little to boost investor sentiment. The ECB trimmed back its asset buys in a surprise move on Thur
Published 10 Dec, 2016 12:00am
European shares see strongest week since January 2015

European shares see strongest week since January 2015

European shares rallied near 11-month highs on Friday after a strong week, helped by gains among media companies after a takeover bid ignited Sky's shares, though Italian banks were under pressure. The STOXX 600 marked its fifth session of straight gains
Published 10 Dec, 2016 12:00am
China's bluechip index moves up

China's bluechip index moves up

China's bluechip index ended higher on Friday, thanks to better-than-expected inflation data pointing to signs of a stabilising economy, but it snapped an eight-week winning streak after a top regulator warned against "barbaric" takeover deals. For the da
Published 10 Dec, 2016 12:00am
Sri Lankan shares hit over one-week low

Sri Lankan shares hit over one-week low

Sri Lankan shares closed at their lowest in more than a week on Friday as investors sold large-cap shares such as Ceylon Tobacco Company Plc and Conglomerate John Keells Holdings Plc amid subdued sentiment. The Colombo stock index ended down 0.2 percent a
Published 10 Dec, 2016 12:00am
Nikkei index closes at fresh year high

Nikkei index closes at fresh year high

Tokyo's benchmark stock index on Friday closed at a fresh high for the year, continuing a global rally sparked by the European Central Bank's decision extend its stimulus programme. Investors cheered dovish aspects of the ECB's decision, including the pre
Published 10 Dec, 2016 12:00am
US bond yields climb on ECB's plan

US bond yields climb on ECB's plan

US Treasury yields rose on Thursday in line with their European counterparts after the European Central Bank prolonged its bond purchase program, as expected, but stunned traders by scaling back on how much bonds it will buy each month. The ECB said it wo
Published 10 Dec, 2016 12:00am
US bond yields climb on ECB's plan

US bond yields climb on ECB's plan

US Treasury yields rose on Thursday in line with their European counterparts after the European Central Bank prolonged its bond purchase program, as expected, but stunned traders by scaling back on how much bonds it will buy each month. The ECB said it wo
Published 10 Dec, 2016 12:00am
Indian shares up

Indian shares up

Indian shares ended higher on Friday, recording their biggest weekly gain in more than three months, as additional stimulus from the European Central Bank helped offset disappointment about the Reserve Bank of India's decision to hold rates. The broader N
Published 10 Dec, 2016 12:00am
Wall Street again marks new highs in post-election run

Wall Street again marks new highs in post-election run

Major US stock indexes climbed again on Thursday and set fresh record highs as a month-long rally following the presidential election of Donald Trump rolled on. Investors have driven up equities since Trump's November 8 election over optimism about domest
Published 10 Dec, 2016 12:00am
Friday's midday trade: indexes hit record high for third day in a row

Friday's midday trade: indexes hit record high for third day in a row

Wall Street's major indexes hit record highs for the third day in a row on Friday as the post-election rally got a lift from healthcare and technology stocks. The "Trump rally" has been roaring ahead since the November 8 vote on bets that President-elect
Published 10 Dec, 2016 12:00am
Irish, Portuguese bonds singled out as QE losers

Irish, Portuguese bonds singled out as QE losers

Bond yields in Ireland and Portugal surged to two-week highs on Friday as investors singled out countries that may face a scarcity of eligible debt for the European Central Bank's asset purchase programme. A day after the ECB announced it would extend qua
Published 10 Dec, 2016 12:00am
Irish, Portuguese bonds singled out as QE losers

Irish, Portuguese bonds singled out as QE losers

Bond yields in Ireland and Portugal surged to two-week highs on Friday as investors singled out countries that may face a scarcity of eligible debt for the European Central Bank's asset purchase programme. A day after the ECB announced it would extend qua
Published 10 Dec, 2016 12:00am
Bulgaria seeks investor to revive nuclear project

Bulgaria seeks investor to revive nuclear project

Bulgaria is looking for an investor ready to revive a long-delayed project for a new nuclear power plant on the Danube, the government announced Friday. The announcement comes after Bulgaria's state-owned National Electricity Company on Thursday paid Russ
Published 10 Dec, 2016 12:00am
Turkey to tighten belt, offer easier credit as growth stalls
Currency

Turkey to tighten belt, offer easier credit as growth stalls

Turkey's prime minister said on Thursday the government would make no unnecessary spending next year but would offer easier credit for the private sector as he announced measures to boost a stalling economy and shore up the lira. The steps outlined by Bin
Published 10 Dec, 2016 12:00am
Egypt sees 'three-year strategy' to revive economy
Currency

Egypt sees 'three-year strategy' to revive economy

Egypt has an ambitious three-year reform plan that, with foreign help, can revive its struggling economy, the minister of international co-operation told AFP. In an interview, Sahar Nasr said the "three-year strategy" will lead to a return of investments,
Published 10 Dec, 2016 12:00am
Denmark sees higher deficit in next year's central government budget

Denmark sees higher deficit in next year's central government budget

Denmark expects a higher deficit in next year's central government budget than it did in August and this could increase the country's borrowing need and bond issuance, documents obtained from the Finance Ministry showed on Friday. The 2017 deficit is now
Published 10 Dec, 2016 12:00am
Japan's big manufacturers' mood improves as companies cut capex
Currency

Japan's big manufacturers' mood improves as companies cut capex

Large Japanese manufacturers turned more optimistic about economic conditions in the fourth quarter but they lowered their capital expenditure plans for the current fiscal year, suggesting firms remain wary over future business conditions. Large manufactu
Published 10 Dec, 2016 12:00am
Airlines soaring to record profits: IATA

Airlines soaring to record profits: IATA

The aviation industry is set to post record net earnings this year and is expected to remain profitable in 2017, despite rising oil prices and global political turbulence, its trade association said Thursday. "Airlines continue to deliver strong results.
Published 10 Dec, 2016 12:00am
Airlines soaring to record profits: IATA

Airlines soaring to record profits: IATA

The aviation industry is set to post record net earnings this year and is expected to remain profitable in 2017, despite rising oil prices and global political turbulence, its trade association said Thursday. "Airlines continue to deliver strong results.
Published 10 Dec, 2016 12:00am
Surprise, surprise: India central bank wrong-foots investors again

Surprise, surprise: India central bank wrong-foots investors again

When it comes to interest rate decisions under Reserve Bank of India's new governor, Urjit Patel, the only certainty seems to be that nothing is certain. Both of Patel's policy reviews so far have wrong-footed investors, raising frustration that they are
Published 10 Dec, 2016 12:00am
French central bank trims growth forecasts, citing Brexit

French central bank trims growth forecasts, citing Brexit

France's central bank trimmed its growth forecasts for 2016 and 2017 on Friday, citing a deterioration in the global economy and Britain's decision to leave the European Union. The Bank of France revised its 2016 and 2017 growth forecast down to 1.3 perce
Published 10 Dec, 2016 12:00am
Sumitomo gobbles Europe's top banana giant Fyffes

Sumitomo gobbles Europe's top banana giant Fyffes

Japanese conglomerate Sumitomo agreed Friday to swallow European banana king Fyffes for 751 million euros in a takeover of one of Ireland's biggest companies. The Dublin-based fruit importer and distributor, best known for its Fyffes-branded bananas, acce
Published 10 Dec, 2016 12:00am
ECB rejects Monte Paschi's request for more time to raise cash

ECB rejects Monte Paschi's request for more time to raise cash

The European Central Bank has rejected a request by Italy's Monte dei Paschi di Siena for more time to raise capital, a source said on Friday, a decision that piles pressure on the Rome government to bail out the lender. Italy's third-largest bank, and th
Published 10 Dec, 2016 12:00am
Fairfax unit sells more shares in Bank of Ireland

Fairfax unit sells more shares in Bank of Ireland

A subsidiary of Fairfax Financial Holdings, one of the shareholders who helped keep Bank of Ireland out of state hands in 2011, is selling half of its remaining stake in the Irish lender, the bank managing the sale said on Friday. Hamblin Watsa, the subsi
Published 10 Dec, 2016 12:00am
German exports struggle to recover in uncertain global market

German exports struggle to recover in uncertain global market

German exports rebounded by less than expected in October, dampening hopes that trade will make a significant contribution to a predicted expansion in Europe's biggest economy in the final quarter of this year. The data suggests that German industry, whos
Published 10 Dec, 2016 12:00am
Germany facing labour market bottlenecks: Bundesbank

Germany facing labour market bottlenecks: Bundesbank

Germany's economy is on a solid upward path but weakening consumption growth and labour market bottlenecks could constrain its expansion in the coming years, the country's central bank said on Friday. The state budget, already in the black, will continue
Published 10 Dec, 2016 12:00am
China factory-gate inflation hits five-year high
Currency

China factory-gate inflation hits five-year high

Chinese producer prices rose at their fastest pace for five years in November, Beijing said Friday, fuelling hopes that the world's factory can export inflation into a lacklustre global economy. The forecast-beating figures mark an acceleration from the p
Published 10 Dec, 2016 12:00am
China to launch direct yuan trading with seven currencies
Currency

China to launch direct yuan trading with seven currencies

China has agreed to establish direct trading between its yuan currency and seven foreign currencies, the China foreign exchange trading platform operator said on Friday. Trading between the yuan and currencies including the Norwegian krone, Mexican peso a
Published 10 Dec, 2016 12:00am
US wholesale inventories fall in October

US wholesale inventories fall in October

US wholesale inventories fell as previously reported in October amid a surge in sales, supporting views that inventory investment would provide a modest boost to economic growth in the fourth quarter. The Commerce Department said on Friday that wholesale
Published 10 Dec, 2016 12:00am
EU upsets China with new steel price investigation

EU upsets China with new steel price investigation

The European Union has launched a new investigation into whether Chinese manufacturers are selling steel into Europe at unfairly low prices, angering China which says Europe's steel problems are due to the region's own economic weakness. The European Comm
Published 10 Dec, 2016 12:00am
US MIDDAY: soyabeans trim gains

US MIDDAY: soyabeans trim gains

US soyabean futures were about flat on Friday, paring earlier gains after the US Department of Agriculture left its domestic supply outlook unchanged. Chicago Board of Trade corn and wheat futures were also little changed in subdued trading following the
Published 10 Dec, 2016 12:00am
Output for Brazil's main sugar cane belt falls in early November

Output for Brazil's main sugar cane belt falls in early November

Brazil's center-south region produced 1.36 million tonnes of sugar in the first half of November, down from the 2.05 million tonnes in the second half of October, as the country's main cane belt winds down its crushing season early, the sugar and ethanol
Published 10 Dec, 2016 12:00am
Centerra Gold suspends dividends as cash flow tightens

Centerra Gold suspends dividends as cash flow tightens

Cash-strapped Centerra Gold Inc said on Friday that it will suspend its third-quarter and future dividends, citing financial restrictions by Kyrgyzstan on its key subsidiary, Kumtor Gold Co. The company, whose stock dropped as much as 7.15 percent to C$6.
Published 10 Dec, 2016 12:00am
Dollar shortage to cut Sudan's white sugar imports
Currency

Dollar shortage to cut Sudan's white sugar imports

White sugar imports into Sudan are set to drop in the coming year as higher prices and a hard currency crunch hit demand, a Sudanese sugar industry official said on Tuesday. Sudan's economy has struggled since South Sudan seceded in 2011, taking with it t
Published 10 Dec, 2016 12:00am
Rubber up

Rubber up

Benchmark Tokyo rubber futures ended up 2.1 percent on Friday, erasing early losses as Shanghai futures turned higher supported by firm oil prices. Tokyo Commodity Exchange (TOCOM) futures also found support as the dollar rose broadly along with US bond y
Published 10 Dec, 2016 12:00am
Copper clocks weekly gain on China recovery signs

Copper clocks weekly gain on China recovery signs

Copper ended the week higher on Friday after robust data from China offered more evidence the world's second biggest economy is recovering, even though moves by Chinese authorities to tame speculation made some cautious. Producer prices in China, the worl
Published 10 Dec, 2016 12:00am
Shanghai copper down

Shanghai copper down

Shanghai Futures Exchange copper pared earlier losses to close at 47,390 yuan ($6,869) a tonne, down 0.3 percent on Friday after robust China imports in November offered more evidence that the world's No 2 economy is on a recovery track. China's imports g
Published 10 Dec, 2016 12:00am
CBOT wheat falls on heavy global supplies

CBOT wheat falls on heavy global supplies

Wheat futures on the Chicago Board of Trade fell more than 1 percent on Wednesday on technical selling and plentiful global supplies, traders said. CBOT March wheat settled down 5-3/4 cents at $4.01 per bushel. Contract lows were set in back months, start
Published 10 Dec, 2016 12:00am
The cotton market: prices firm onselective buyingof quality lint
Cotton

The cotton market: prices firm onselective buyingof quality lint

A selective buying of quality lint helped rates to retain present levels on the cotton market on Friday in the process of trading, dealers said. The official spot rate was unchanged at Rs 6300, dealers said. In Sindh, seed cotton prices were at Rs 2600-32
Published 10 Dec, 2016 12:00am
Activities of Karachi and Port Qasim

Activities of Karachi and Port Qasim

The Karachi Port handled 152,011 tonnes of cargo comprising 133,558 tonnes of import cargo and 18,453 tonnes of export cargo including 6,774 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 133
Published 10 Dec, 2016 12:00am
US natural gas futures ease on mixed weather

US natural gas futures ease on mixed weather

US natural gas futures on Wednesday eased for a second day in a row as the market takes a break from a big rally on mixed weather forecasts. Traders noted prices started to ease from a near two-year high around noon on Wednesday because an early run of th
Published 10 Dec, 2016 12:00am
US FOB,: Gulf soyabean offers firmer

US FOB,: Gulf soyabean offers firmer

Export premiums for soyabeans shipped from the US Gulf Coast were steady to firm on Wednesday, supported by good export demand from China, which has booked several purchases in recent days amid profitable domestic processing margins, traders said. CIF soy
Published 10 Dec, 2016 12:00am
European wheat prices ease on large global supply

European wheat prices ease on large global supply

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 10 Dec, 2016 12:00am
Daily trading report of PMEX
Cotton

Daily trading report of PMEX

On Thursday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,052. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 4.98 billion and the number of lots traded was 11,593. Major business was contributed by cu
Published 10 Dec, 2016 12:00am
Gulgee's everlasting creations

Gulgee's everlasting creations

Ismail Gulgee once said, "I find it difficult to speak about my paintings because the act of putting together words only explains and cannot make real the experience, which for me, is the only reality, the only value that gives meaning to my life. I live
Published 10 Dec, 2016 12:00am
Megacities key to reaching global climate goals

Megacities key to reaching global climate goals

The world's big cities must collectively cut their carbon footprint by nearly half within a decade if global climate goals are to be met, according to an analysis unveiled Thursday. Without aggressive measures by cities, the 196-nation Paris Agreement to
Published 10 Dec, 2016 12:00am
Art Facts: Beauty - a vague form in shadows

Art Facts: Beauty - a vague form in shadows

Beauty is a vague form in the shadows of a person's imagination. Imrana Tanveer brought into question the indistinct understanding of beauty in this world and beyond through her solo exhibition of paintings at Sanat Gallery, Karachi. Beauty is highly comp
Published 10 Dec, 2016 12:00am
Setting winter wardrobe
Cotton

Setting winter wardrobe

Every season has its must-have wardrobe items. Although, Karachiites are still waiting for the wintry weather, once winter hits, you will want warmth right away. Therefore, it is right time to get your wardrobe ready for upcoming winter season in Karachi.
Published 10 Dec, 2016 12:00am
Book Reviews: Human resources management system under focus

Book Reviews: Human resources management system under focus

The Higher Education Commission (HEC) has recently published a text book Human Resources Management in Industries of Pakistan. The book has been authored by Lieutenant Colonel Raza Kamal (Retd), a leading specialist in this field, with several years of ex
Published 10 Dec, 2016 12:00am
Polar sea ice the size of India vanishes in record heat

Polar sea ice the size of India vanishes in record heat

Sea ice off Antarctica and in the Arctic is at record lows for this time of year after declining by twice the size of Alaska in a sign of rising global temperatures, climate scientists say. Against a trend of global warming and a steady retreat of ice at
Published 10 Dec, 2016 12:00am
Emergency department workers face high stress, burnout

Emergency department workers face high stress, burnout

Emergency department workers face high job stress, but there is little effort to relieve their suffering, researchers say. A review of past research on doctors, nurses and other staff in emergency departments (ED) found plenty of sources of stress, but on
Published 10 Dec, 2016 12:00am
Little African primate's talents inspire leaping robot

Little African primate's talents inspire leaping robot

Inspired by the remarkable jumping ability of an African primate called a galago, scientists have fashioned a small robot with unique leaping capabilities they hope can someday be used in tricky search-and-rescue situations.
Published 10 Dec, 2016 12:00am
'Loving:' how an interracial couple's love changed history

'Loving:' how an interracial couple's love changed history

Just as a caustic election has laid bare loose threads in the US social fabric, a new film has returned to the country's all-too-recent era of deep racial segregation. "Loving" follows the romance of a black woman and a white man in mid-20th century Ameri
Published 10 Dec, 2016 12:00am
The indie child star who loves playing oddballs

The indie child star who loves playing oddballs

He isn't quite a household name yet but, at the age of 19, child star-turned-teen heartthrob Asa Butterfield has built up a resume a Hollywood veteran would envy. The British actor has worked with Martin Scorsese and Tim Burton, starring alongside some of
Published 10 Dec, 2016 12:00am
Bridge Notes: Locating missing high cards

Bridge Notes: Locating missing high cards

Dummy play is successful only if the declarer is alert enough to pick the opening lead and subsequent revelations of defenders signals and has to investigate what evidence can come before him to enable him to make the right judgement. It is only when the
Published 10 Dec, 2016 12:00am
'I Am Bolt' movie offers glimpse into sprinter's racing life

'I Am Bolt' movie offers glimpse into sprinter's racing life

Jamaican sprinter Usain Bolt swaps the race track for the red carpet last Monday for the premiere of a new film looking at his record-breaking career. "I Am Bolt" follows the nine-times Olympic gold medalist in his gruelling training and competing as well
Published 10 Dec, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 10 Dec, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 10 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 10 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 10 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 Friday (December 09, 2016).

Published 10 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 Friday (December 09, 2016).

Published 10 Dec, 2016 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (December 09, 2016).
Published 10 Dec, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (December 09, 2016).

Published 10 Dec, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (December 09, 2016).

Published 10 Dec, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (December 09, 2016).

Published 10 Dec, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (December 09, 2016).

Published 10 Dec, 2016 12:00am
Bilal Akbar among Major-Generals promoted

Bilal Akbar among Major-Generals promoted

Pakistan Army Friday promoted seven major generals including Major General Bilal Akbar Director General Rangers (Sindh) and IG FC Balochistan, Sher Afgun to Lieutenant General. The decision has been taken by Chief of Army Staff General Qamar Jawed Bajwa.
Published 10 Dec, 2016 12:00am
Bilal Akbar among Major-Generals promoted

Bilal Akbar among Major-Generals promoted

Pakistan Army Friday promoted seven major generals including Major General Bilal Akbar Director General Rangers (Sindh) and IG FC Balochistan, Sher Afgun to Lieutenant General. The decision has been taken by Chief of Army Staff General Qamar Jawed Bajwa.
Published 10 Dec, 2016 12:00am
Pakistan all set to impose NTMs on Indonesia

Pakistan all set to impose NTMs on Indonesia

Pakistan is all set to impose Non-Tariff Measures (NTMs) on Indonesia on a reciprocal basis aimed at making import of palm oil more restrictive like Jakarta did with Islamabad, well-informed sources told Business Recorder. Indonesia is the biggest
Published 10 Dec, 2016 12:00am
Pakistan all set to impose NTMs on Indonesia

Pakistan all set to impose NTMs on Indonesia

Pakistan is all set to impose Non-Tariff Measures (NTMs) on Indonesia on a reciprocal basis aimed at making import of palm oil more restrictive like Jakarta did with Islamabad, well-informed sources told Business Recorder. Indonesia is the biggest
Published 10 Dec, 2016 12:00am
Pakistan all set to impose NTMs on Indonesia

Pakistan all set to impose NTMs on Indonesia

Pakistan is all set to impose Non-Tariff Measures (NTMs) on Indonesia on a reciprocal basis aimed at making import of palm oil more restrictive like Jakarta did with Islamabad, well-informed sources told Business Recorder. Indonesia is the biggest
Published 10 Dec, 2016 12:00am
Pakistan all set to impose NTMs on Indonesia

Pakistan all set to impose NTMs on Indonesia

Pakistan is all set to impose Non-Tariff Measures (NTMs) on Indonesia on a reciprocal basis aimed at making import of palm oil more restrictive like Jakarta did with Islamabad, well-informed sources told Business Recorder. Indonesia is the biggest
Published 10 Dec, 2016 12:00am
SECP seeks powers to conduct CMCs' inspection

SECP seeks powers to conduct CMCs' inspection

The Securities and Exchange Commission of Pakistan (SECP) has sought powers to conduct the inspection of collateral management companies (CMCs) and proposed to make it mandatory for CMCs to obtain licenses from the commission to perform the activities of
Published 10 Dec, 2016 12:00am
SECP seeks powers to conduct CMCs' inspection

SECP seeks powers to conduct CMCs' inspection

The Securities and Exchange Commission of Pakistan (SECP) has sought powers to conduct the inspection of collateral management companies (CMCs) and proposed to make it mandatory for CMCs to obtain licenses from the commission to perform the activities of
Published 10 Dec, 2016 12:00am
SECP seeks powers to conduct CMCs'' inspection

SECP seeks powers to conduct CMCs'' inspection

The Securities and Exchange Commission of Pakistan (SECP) has sought powers to conduct the inspection of collateral management companies (CMCs) and proposed to make it mandatory for CMCs to obtain licenses from the commission to perform the activities of
Published 10 Dec, 2016 12:00am
CEO of AFD hails pace of economic progress

CEO of AFD hails pace of economic progress

Finance Minister Ishaq Dar met with Remy Rioux, Chief Executive Officer of French Development Agency (AFD) in Paris. The CEO of AFD appreciated the progress that Pakistan has made in stabilising the economy and taking it to a higher trajectory of growth.
Published 10 Dec, 2016 12:00am
CEO of AFD hails pace of economic progress

CEO of AFD hails pace of economic progress

Finance Minister Ishaq Dar met with Remy Rioux, Chief Executive Officer of French Development Agency (AFD) in Paris. The CEO of AFD appreciated the progress that Pakistan has made in stabilising the economy and taking it to a higher trajectory of growth.
Published 10 Dec, 2016 12:00am
CEO of AFD hails pace of economic progress

CEO of AFD hails pace of economic progress

Finance Minister Ishaq Dar met with Remy Rioux, Chief Executive Officer of French Development Agency (AFD) in Paris. The CEO of AFD appreciated the progress that Pakistan has made in stabilising the economy and taking it to a higher trajectory of growth.
Published 10 Dec, 2016 12:00am
Expatriates remit $7.8 billion in five months

Expatriates remit $7.8 billion in five months

Workers remittance posted a slight decline of 2.45 percent during the first five months (July-Nov) of this fiscal year (FY17). Overseas Pakistani workers remitted $7.874 billion in July to November of FY17, compared to $8.072 billion received during the s
Published 10 Dec, 2016 12:00am
Expatriates remit $7.8 billion in five months

Expatriates remit $7.8 billion in five months

Workers remittance posted a slight decline of 2.45 percent during the first five months (July-Nov) of this fiscal year (FY17). Overseas Pakistani workers remitted $7.874 billion in July to November of FY17, compared to $8.072 billion received during the s
Published 10 Dec, 2016 12:00am
Expatriates remit $7.8 billion in five months

Expatriates remit $7.8 billion in five months

Workers remittance posted a slight decline of 2.45 percent during the first five months (July-Nov) of this fiscal year (FY17). Overseas Pakistani workers remitted $7.874 billion in July to November of FY17, compared to $8.072 billion received during the s
Published 10 Dec, 2016 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all banks will remain closed on December 12, 2016 (Monday) on the occasion of Eid Milad-un-Nabi (PBUH).
Published 10 Dec, 2016 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all banks will remain closed on December 12, 2016 (Monday) on the occasion of Eid Milad-un-Nabi (PBUH).
Published 10 Dec, 2016 12:00am
Bank holiday

Bank holiday

The State Bank of Pakistan and all banks will remain closed on December 12, 2016 (Monday) on the occasion of Eid Milad-un-Nabi (PBUH).
Published 10 Dec, 2016 12:00am
Index crosses 45,000-level

Index crosses 45,000-level

Pakistan Stock Exchange (PSX) Friday achieved another milestone as the benchmark KSE-100 index, for the first time in its history, crossed 45,000 points psychological level on the back of continuous buying by local investors and institutions. The index cl
Published 10 Dec, 2016 12:00am
Index crosses 45,000-level

Index crosses 45,000-level

Pakistan Stock Exchange (PSX) Friday achieved another milestone as the benchmark KSE-100 index, for the first time in its history, crossed 45,000 points psychological level on the back of continuous buying by local investors and institutions. The index cl
Published 10 Dec, 2016 12:00am
Index crosses 45,000-level

Index crosses 45,000-level

Pakistan Stock Exchange (PSX) Friday achieved another milestone as the benchmark KSE-100 index, for the first time in its history, crossed 45,000 points psychological level on the back of continuous buying by local investors and institutions. The index cl
Published 10 Dec, 2016 12:00am
BRIndex30 gains 342.88 points

BRIndex30 gains 342.88 points

On Friday, BRIndex30 opened at 25,185.84 points. It touched an intraday high of 25,642.70 points and an intraday low of 25,181.05 points and closed at 25,528.72 points which was 342.88 points or 1.36 percent higher than previous close. Total volume was 21
Published 10 Dec, 2016 12:00am
BRIndex30 gains 342.88 points

BRIndex30 gains 342.88 points

On Friday, BRIndex30 opened at 25,185.84 points. It touched an intraday high of 25,642.70 points and an intraday low of 25,181.05 points and closed at 25,528.72 points which was 342.88 points or 1.36 percent higher than previous close. Total volume was 21
Published 10 Dec, 2016 12:00am
Panamagate case goes nowhere?

Panamagate case goes nowhere?

The refusal of Pakistan Tehreek-e-Insaf (PTI) to avail the judicial commission's option for holding an investigation into a Panama leaks case coupled with the retirement of Chief Justice Anwar Zaheer Jamali on Friday has reportedly led to prolong adjudica
Published 10 Dec, 2016 12:00am
Panamagate case goes nowhere?

Panamagate case goes nowhere?

The refusal of Pakistan Tehreek-e-Insaf (PTI) to avail the judicial commission's option for holding an investigation into a Panama leaks case coupled with the retirement of Chief Justice Anwar Zaheer Jamali on Friday has reportedly led to prolong adjudica
Published 10 Dec, 2016 12:00am
Imran hints at relaunching protest

Imran hints at relaunching protest

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Friday said that his party would not let the Panama leaks case die down, and would take to the streets if needed. "The production of evidence has nearly ended...we will not let this case be forgotten..
Published 10 Dec, 2016 12:00am
Imran hints at relaunching protest

Imran hints at relaunching protest

Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Friday said that his party would not let the Panama leaks case die down, and would take to the streets if needed. "The production of evidence has nearly ended...we will not let this case be forgotten..
Published 10 Dec, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 10 Dec, 2016 12:00am
China fails to block UN meeting on North Korea rights abuses

China fails to block UN meeting on North Korea rights abuses

The UN Security Council on Friday met to discuss North Korea's "appalling" human rights situation, overriding a bid by China, Russia and three other countries to block the meeting. It was the third time Beijing has failed to stop the annual discussion at
Published 10 Dec, 2016 12:00am
South Korean parliament votes overwhelmingly to impeach President

South Korean parliament votes overwhelmingly to impeach President

South Korean lawmakers voted overwhelmingly on Friday to impeach President Park Geun-hye over an influence-peddling scandal, setting the stage for her to become the country's first elected leader to be expelled from office in disgrace. The impeachment mot
Published 10 Dec, 2016 12:00am
South Korean parliament votes overwhelmingly to impeach President

South Korean parliament votes overwhelmingly to impeach President

South Korean lawmakers voted overwhelmingly on Friday to impeach President Park Geun-hye over an influence-peddling scandal, setting the stage for her to become the country's first elected leader to be expelled from office in disgrace. The impeachment mot
Published 10 Dec, 2016 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 10 Dec, 2016 12:00am
Obama orders 'full review' of 2016 election cyberattacks

Obama orders 'full review' of 2016 election cyberattacks

President Barack Obama has ordered a review of all cyberattacks that took place during the 2016 election cycle, the White House said Friday, amid allegations of Russian interference. "The president has directed the intelligence community to conduct a full
Published 10 Dec, 2016 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 10 Dec, 2016 12:00am
Army's stay in Islamabad extended by 90 days

Army's stay in Islamabad extended by 90 days

The federal government has extended the stay of Pakistan Army in federal Capital for 90 days in aid of the civil law enforcement agencies (LEAs). According to notification issued by the Ministry of Interior, the government has extended the stay of Pakista
Published 10 Dec, 2016 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 10 Dec, 2016 12:00am
Army's stay in Islamabad extended by 90 days

Army's stay in Islamabad extended by 90 days

The federal government has extended the stay of Pakistan Army in federal Capital for 90 days in aid of the civil law enforcement agencies (LEAs). According to notification issued by the Ministry of Interior, the government has extended the stay of Pakista
Published 10 Dec, 2016 12:00am
Japan ratifies TPP despite Trump's opposition

Japan ratifies TPP despite Trump's opposition

Japan's parliament ratified the Trans-Pacific Partnership (TPP) free-trade deal on Friday, but it was largely viewed as an empty gesture owing to opposition by US President-elect Donald Trump. A majority of upper house lawmakers, led by Prime Minister Shi
Published 10 Dec, 2016 12:00am
Japan ratifies TPP despite Trump's opposition

Japan ratifies TPP despite Trump's opposition

Japan's parliament ratified the Trans-Pacific Partnership (TPP) free-trade deal on Friday, but it was largely viewed as an empty gesture owing to opposition by US President-elect Donald Trump. A majority of upper house lawmakers, led by Prime Minister Shi
Published 10 Dec, 2016 12:00am
Lieutenant-General Nadeem made Comd 10 Corps

Lieutenant-General Nadeem made Comd 10 Corps

Army Chief approved appointment of Lieutenant General Nadeem Raza as Comd 10 Corps. According to ISPR, Lieutenant General Zafar Iqbal now Comd 10 Corps has been posted as Director General JS at JSHQ. In another move Lieutenant General Sarfraz Sattar has p
Published 10 Dec, 2016 12:00am
Lieutenant-General Nadeem made Comd 10 Corps

Lieutenant-General Nadeem made Comd 10 Corps

Army Chief approved appointment of Lieutenant General Nadeem Raza as Comd 10 Corps. According to ISPR, Lieutenant General Zafar Iqbal now Comd 10 Corps has been posted as Director General JS at JSHQ. In another move Lieutenant General Sarfraz Sattar has p
Published 10 Dec, 2016 12:00am
FBR wing pursuing biggest money laundering case
Currency

FBR wing pursuing biggest money laundering case

The Directorate General of Intelligence and Investigation Inland Revenue (IR) is strongly pursuing biggest money laundering case against two businessmen of electronics, etc, involving $94 million, which resulted in bailable arrest warrants of both accused
Published 10 Dec, 2016 12:00am
FBR wing pursuing biggest money laundering case
Currency

FBR wing pursuing biggest money laundering case

The Directorate General of Intelligence and Investigation Inland Revenue (IR) is strongly pursuing biggest money laundering case against two businessmen of electronics, etc, involving $94 million, which resulted in bailable arrest warrants of both accused
Published 10 Dec, 2016 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Wednesday (November 09, 2016).

Published 10 Dec, 2016 12:00am
FBR wing pursuing biggest money laundering case
Currency

FBR wing pursuing biggest money laundering case

The Directorate General of Intelligence and Investigation Inland Revenue (IR) is strongly pursuing biggest money laundering case against two businessmen of electronics, etc, involving $94 million, which resulted in bailable arrest warrants of both accused
Published 10 Dec, 2016 12:00am
FBR, PRAs move to deduct GST on NTS fees

FBR, PRAs move to deduct GST on NTS fees

The Federal Board of Revenue (FBR), Punjab Revenue Authority (PRA) and Sindh Revenue Board (SRB) have issued notices to National Testing Service-Pakistan (NTS), demanding deduction of sales tax, on behalf of the federal and provincial governments, from al
Published 10 Dec, 2016 12:00am
FBR, PRAs move to deduct GST on NTS fees

FBR, PRAs move to deduct GST on NTS fees

The Federal Board of Revenue (FBR), Punjab Revenue Authority (PRA) and Sindh Revenue Board (SRB) have issued notices to National Testing Service-Pakistan (NTS), demanding deduction of sales tax, on behalf of the federal and provincial governments, from al
Published 10 Dec, 2016 12:00am
FBR, PRAs move to deduct GST on NTS fees

FBR, PRAs move to deduct GST on NTS fees

The Federal Board of Revenue (FBR), Punjab Revenue Authority (PRA) and Sindh Revenue Board (SRB) have issued notices to National Testing Service-Pakistan (NTS), demanding deduction of sales tax, on behalf of the federal and provincial governments, from al
Published 10 Dec, 2016 12:00am
Germany launches 150 million euro aid package for returning migrants

Germany launches 150 million euro aid package for returning migrants

Germany has pledged to spend 150 million euros ($189 million) helping migrants return home, the minister of development said in an interview published Friday. The aid fund will benefit both failed asylum seekers and migrants who choose to return to their
Published 10 Dec, 2016 12:00am
THE RUPEE: rates slip
Currency

THE RUPEE: rates slip

The rupee fell modestly against the dollar on the money market on Friday in the process of trading, dealers said. The rupee shed two paisas in relation to the dollar for buying and selling at Rs 104.78 and Rs 104.80 respectively, they said.
Published 10 Dec, 2016 12:00am
Germany launches 150 million euro aid package for returning migrants

Germany launches 150 million euro aid package for returning migrants

Germany has pledged to spend 150 million euros ($189 million) helping migrants return home, the minister of development said in an interview published Friday. The aid fund will benefit both failed asylum seekers and migrants who choose to return to their
Published 10 Dec, 2016 12:00am
THE RUPEE: rates slip
Currency

THE RUPEE: rates slip

The rupee fell modestly against the dollar on the money market on Friday in the process of trading, dealers said. The rupee shed two paisas in relation to the dollar for buying and selling at Rs 104.78 and Rs 104.80 respectively, they said.
Published 10 Dec, 2016 12:00am
Rs 3.159 billion duty collected from HSD in first quarter

Rs 3.159 billion duty collected from HSD in first quarter

The government collected custom duty of Rs 3.159 billion from high speed diesel (HSD) during the first quarter (July-September) of the current fiscal year, showing highest collection of import duty from the POL product during this period, official documen
Published 10 Dec, 2016 12:00am
Rs 3.159 billion duty collected from HSD in first quarter

Rs 3.159 billion duty collected from HSD in first quarter

The government collected custom duty of Rs 3.159 billion from high speed diesel (HSD) during the first quarter (July-September) of the current fiscal year, showing highest collection of import duty from the POL product during this period, official documen
Published 10 Dec, 2016 12:00am
Rs 3.159 billion duty collected from HSD in first quarter

Rs 3.159 billion duty collected from HSD in first quarter

The government collected custom duty of Rs 3.159 billion from high speed diesel (HSD) during the first quarter (July-September) of the current fiscal year, showing highest collection of import duty from the POL product during this period, official documen
Published 10 Dec, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 09, 2016).

Published 10 Dec, 2016 12:00am
Rs 3.159 billion duty collected from HSD in first quarter

Rs 3.159 billion duty collected from HSD in first quarter

The government collected custom duty of Rs 3.159 billion from high speed diesel (HSD) during the first quarter (July-September) of the current fiscal year, showing highest collection of import duty from the POL product during this period, official documen
Published 10 Dec, 2016 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (December 09, 2016).

Published 10 Dec, 2016 12:00am
Turkey court drops case against Israelis

Turkey court drops case against Israelis

An Istanbul court on Friday dropped a case against four top former Israeli commanders who were being tried in absentia over the 2010 deadly storming of a Turkish ship bound for Gaza, a lawyer said. An arrest warrant for the four was also withdrawn, Gulden
Published 10 Dec, 2016 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Friday (December 09, 2016).

Published 10 Dec, 2016 12:00am
Turkey court drops case against Israelis

Turkey court drops case against Israelis

An Istanbul court on Friday dropped a case against four top former Israeli commanders who were being tried in absentia over the 2010 deadly storming of a Turkish ship bound for Gaza, a lawyer said. An arrest warrant for the four was also withdrawn, Gulden
Published 10 Dec, 2016 12:00am
Trade in services: absence of CSF inflows

Trade in services: absence of CSF inflows

Over the past 20 years, it is argued, that trade in services has become the most dynamic segment of global trade, growing more quickly than trade in goods. It is also plausibly argued that services are increasingly becoming "tradable" thanks to advancemen
Published 10 Dec, 2016 12:00am
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