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Archive - 2016-12-22
Pak-Qatar agree to cooperate in diverse fields
Pakistan Top News

Pak-Qatar agree to cooperate in diverse fields

ISLAMABAD: Pakistan-Qatar Joint Ministerial Commission Thursday agreed to cooperate in diverse fields including infrastructure, agriculture, ports and shipping, oil and gas exploration, banking, defence production and information technology.
Published 22 Dec, 2016 05:52pm
US stocks decline after data deluge
Financial

US stocks decline after data deluge

NEW YORK: Wall Street stocks retreated early Thursday following a deluge of US economic data, including a modest upgrade to the estimate for third-quarter economic growth.
Published 22 Dec, 2016 05:49pm
PAF acts as front-line force to deal with challenges: Air Chief
Pakistan Top News

PAF acts as front-line force to deal with challenges: Air Chief

ISLAMABAD: Chief of Air Staff Air Chief Marshal Sohail Aman Thursday said in all types of crisis, the PAF always acted as front-line force whether it was threat on our eastern border or counter terrorism operations.
Published 22 Dec, 2016 05:47pm
PML-N wins elections on top slots in Multan
Pakistan

PML-N wins elections on top slots in Multan

MULTAN: Pakistan Muslim League-N and allied groups have won election of District Council Chairman, Chairmen Municipal Committees district Multan and Municipal Corporation of Multan city with a thumping majority.
Published 22 Dec, 2016 05:44pm
Senate passes National Command Authority Bill 2016
Pakistan Top News

Senate passes National Command Authority Bill 2016

ISLAMABAD: The Senate on Thursday passed National Command Authority (amendment) Bill 2016 giving the powers of disbursement of funds to the federal government instead of finance division.
Published 22 Dec, 2016 05:29pm
Riba-free banking gains confidence of business community: Akram Ansari
Top News

Riba-free banking gains confidence of business community: Akram Ansari

HYDERABAD: President Hyderabad Chamber of Small Traders and Small Industry Muhammad Akram Ansari has said that riba-free banking gained confidence of the people and business community as they were doing their business through Islamic Banking.
Published 22 Dec, 2016 05:25pm
PPP KP to observe death anniversary of Benazir Bhutto
General News

PPP KP to observe death anniversary of Benazir Bhutto

PESHAWAR: The PPP Khyber Pakhtunkhwa chapter has finalized programs to observe the ninth death anniversary of former Prime Minister Benazir Bhutto on December 27 (Tuesday) and celebration of birth anniversary of late Zulifiqar Ali Bhutto on January 5, 201
Published 22 Dec, 2016 05:11pm
Khurram for establishing Pak-Uzbek JBC to increase coop
Pakistan Top News

Khurram for establishing Pak-Uzbek JBC to increase coop

ISLAMABAD: Minister for Commerce, Engineer Khurram Dastgir Khan Thursday stressed the need for establishing Pakistan-Uzbekistan Joint Business Council (JBC) to increase cooperation between the private sectors of the two countries.
Published 22 Dec, 2016 04:47pm
US durable goods orders drop; jobless claims up
World

US durable goods orders drop; jobless claims up

WASHINGTON: New orders for durable goods manufactured in the United States fell in November, capping a four-month streak of increases, according to Commerce Department figures released Thursday.
Published 22 Dec, 2016 04:31pm
Steps demanded to boost worker remittances
Business & Economy

Steps demanded to boost worker remittances

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday said country is paying half of the import bill through remittances therefore this sector should be given extra attention.
Published 22 Dec, 2016 04:22pm
Govt bans import of old auto parts
Business & Economy

Govt bans import of old auto parts

ISLAMABAD: Minister of State Engineer Muhammad Baligh ur Rahman on Thursday told in the Senate that import of old and used auto parts including serviceable auto parts imported as steel scrap is banned in terms of IPO 2016.
Published 22 Dec, 2016 04:19pm
UN chief calls for India, Pakistan dialogue to resolve differences
World Top News

UN chief calls for India, Pakistan dialogue to resolve differences

UNITED NATIONS: Outgoing UN Secretary-General Ban Ki-moon has again called on India and Pakistan to resolve their differences through dialogue and expressed concern over the tensions along the Line of Control in the disputed Kashmir region.
Published 22 Dec, 2016 10:56am
NAB clears Mushtaq Raisani after Rs2 billion plea bargain
Front Top News

NAB clears Mushtaq Raisani after Rs2 billion plea bargain

ISLAMABAD: The National Accountability Bureau (NAB) on Thursday accepted the plea bargain of former finance secretary of Balochistan Mushtaq Raisani who has offered to return Rs2 billion.
Published 22 Dec, 2016 10:39am
Atleast 150 martyred, 10,000 missing in IoK: FO
Pakistan Top News

Atleast 150 martyred, 10,000 missing in IoK: FO

ISLAMABAD: The Foreign Office Thursday said that since the murder of Kashmiri youth leader Muzaffar Wani on July 8, more than 150 Kashmiris have been killed while above 10,000 have been arrested by the Indian security forces besides another 600 suffering
Published 22 Dec, 2016 10:36am
No Pakistani in controversial ICC teams of 2016
Cricket

No Pakistani in controversial ICC teams of 2016

The International Cricket Council on Thursday announced the ICCs Test and One Day International (ODI) teams of the year, and unfortunately no Pakistani cricketer was deemed fit enough by the crickets governing body in both formats to make it to the list.
Published 22 Dec, 2016 10:01am
Eight killed after Taliban storm Afghan MP's house
Asia

Eight killed after Taliban storm Afghan MP's house

KABUL: Eight people were killed when Taliban suicide bombers stormed the residence of an Afghan lawmaker in the capital Kabul, officials said after the attackers were gunned down early Thursday following a nearly 10-hour siege.
Published 22 Dec, 2016 09:36am
Aleppo evacuations continue, 'last convoys' expected
Pakistan Top News

Aleppo evacuations continue, 'last convoys' expected

ALEPPO: Evacuations from rebel-held parts of Aleppo continued overnight with dozens of vehicles leaving the city and the operation likely to end on Thursday, aid workers said.
Published 22 Dec, 2016 09:31am
Sterling slips to two-week low vs euro
Financial

Sterling slips to two-week low vs euro

LONDON: Sterling fell to a two-week low against the euro on Thursday after a survey of British consumers showing a gloomy view of the economy's prospects next year kept it on the defensive against a perky single currency.
Published 22 Dec, 2016 09:24am
Hunt continues for Tunisian asylum-seeker over Berlin market attack
Front Top News

Hunt continues for Tunisian asylum-seeker over Berlin market attack

BERLIN: German police are looking for a Tunisia asylum-seeker after finding an identity document under the driver's seat of a truck that plowed into a Berlin Christmas market, killing 12 people and injuring at least 48 others on Monday.
Published 22 Dec, 2016 09:19am
PM visits Bosnian war memorial
General News

PM visits Bosnian war memorial

SARAJEVO: Prime Minister Muhammad Nawaz Sharif Thursday visited Kovaci memorial, the largest cemetery of the fallen soldiers in Bosnia and Herzegovina during the 1992-95 war.
Published 22 Dec, 2016 09:18am
Dar for further easing doing business in country
Business & Economy

Dar for further easing doing business in country

ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar Thursday, while appreciating the efforts of the Finance Division and State Bank of Pakistan (SBP), stressed the need for further improving the ease of doing business in the country.
Published 22 Dec, 2016 09:17am
Batu Cave by Grey Chow
Featured Photos

Batu Cave by Grey Chow

Photo Credit : Grey Chow%D%AGrey Chow is a talented self-taught landscape photographer from Kuala Lumpur, Malaysia.
Published 22 Dec, 2016 08:31am
Misbah writes history, wins 'ICC Spirit of the Cricket Award'
Pakistan Top News

Misbah writes history, wins 'ICC Spirit of the Cricket Award'

Pakistan Test captain Misbash ul Haq, already ranked among the greatest of all skippers to lead the countrys cricket team, lifting a down and out team to become one of the dominant forces in world cricket.
Published 22 Dec, 2016 08:28am
Tokyo Street Photography by Lee Chapman
Featured Photos

Tokyo Street Photography by Lee Chapman

Photo Credit : Lee Chapman%D%ALee Chapman is a talented photographer based in Japan, who captures the frenetic atmosphere of everyday life in Tokyo through beautiful and amazing images.
Published 22 Dec, 2016 08:26am
Stunning Aerial Photography by Tommy Clarke
Featured Photos

Stunning Aerial Photography by Tommy Clarke

Photo Credit : Tommy Clarke%D%ATommy Clarke is a talented 29-year-old self taught photographer and filmmaker from the English seaside town of Bournemouth, who currently based in London, UK.
Published 22 Dec, 2016 08:16am
Find myself by Hannes Flo
Featured Photos

Find myself by Hannes Flo

Photo Credit : Hannes Flo%D%AHannes flo is a 23-year-old from Austria and is an avid music enthusiast.
Published 22 Dec, 2016 08:13am
Heather Kemesky by Boo George II for Porter #16 Fall 2016
Featured Photos

Heather Kemesky by Boo George II for Porter #16 Fall 2016

Photo Credit : Boo George%D%AHeather Kemesky, the 27-year-old beauty model who hails from Orange County, enjoys in The Country Girl, photographed by Boo George and styled by Cathy Kasterine for Porter #16 Fall 2016.
Published 22 Dec, 2016 08:05am
Stunning Travel Instagrams by Ian Harper
Featured Photos

Stunning Travel Instagrams by Ian Harper

Photo Credit : Ian Harper%D%AIan Harper is a talented self-taught photographer, who developed his passion for photography during a year-out, after completing his undergraduate degree at The University of Birmingham.
Published 22 Dec, 2016 08:03am
A Determined Man Series by Kazunori Nagashima
Featured Photos

A Determined Man Series by Kazunori Nagashima

Photo Credit : Kazunori Nagashima%D%AKazunori Nagashima is an professional 44-year old photographer currently based in Yokohama, Kanagawa Prefecture, Japan.
Published 22 Dec, 2016 08:00am
Bruised Amir set for Boxing Day Test
Cricket

Bruised Amir set for Boxing Day Test

MELBOURNE: Pakistan spearhead Mohammad Amir is expected to play the Boxing Day Test against Australia despite stiffness and a bruised thigh, officials said Thursday.
Published 22 Dec, 2016 07:44am
Most Asia markets lower after US losses
Financial

Most Asia markets lower after US losses

HONG KONG: Asian markets mostly turned lower Thursday following a rare drop for this month on Wall Street, with concerns about Italy's banking sector denting confidence.
Published 22 Dec, 2016 07:36am
Won and Taiwan dollar hit multi-month lows
Financial

Won and Taiwan dollar hit multi-month lows

SINGAPORE: The South Korean won hit a more than nine-month low and the Taiwan dollar touched a near five-month trough on Thursday, as the outlook for Asian currencies remained clouded by expectations the Fed could raise rates at a faster pace next year.
Published 22 Dec, 2016 07:13am
Kashmiri struggle to cope with tide of trauma
Life & Style

Kashmiri struggle to cope with tide of trauma

SRINAGAR: In a consultation in hospitals room in occupied Kashmir, Parvaiz Ahmed struggles to find the words to describe how his interrogation at the hands of India's security forces seven years ago has left him traumatised.
Published 22 Dec, 2016 06:29am
France, Britain push for helicopter ban, sanctions on Syria
Front Top News

France, Britain push for helicopter ban, sanctions on Syria

UNITED NATIONS: France and Britain are pushing the UN Security Council to ban the sale of helicopters to Syria and to impose the first sanctions over the use of chemical weapons in the five-year war.
Published 22 Dec, 2016 06:16am
Asia markets mostly down after US losses
Financial

Asia markets mostly down after US losses

HONG KONG: Asian markets mostly turned lower Thursday following a rare drop for this month on Wall Street, with concerns about Italy's banking sector denting confidence.
Published 22 Dec, 2016 05:59am
Japan cabinet approves biggest defence budget
Asia

Japan cabinet approves biggest defence budget

TOKYO: Prime Minister Shinzo Abe's cabinet on Thursday approved Japan's biggest annual defence budget in the face of North Korea's nuclear and missile threats and a territorial row with China.
Published 22 Dec, 2016 05:57am
Tokyo stocks end morning session lower
Financial

Tokyo stocks end morning session lower

TOKYO: Tokyo stocks retreated Thursday, having hit a 12-month high this week, while traders tracked losses on Wall Street ahead of a long, holiday weekend.
Published 22 Dec, 2016 05:56am
Hong Kong stocks sharply down by break
Financial

Hong Kong stocks sharply down by break

HONG KONG: Hong Kong stocks ended the morning session sharply lower Thursday following losses on Wall Street, with financials hit by worries over Italy's struggling banking sector.
Published 22 Dec, 2016 05:56am
Hong Kong stocks sharply down by break
Financial

Hong Kong stocks sharply down by break

HONG KONG: Hong Kong stocks ended the morning session sharply lower Thursday following losses on Wall Street, with financials hit by worries over Italy's struggling banking sector.
Published 22 Dec, 2016 05:55am
Muslim woman attacked in NYC coffee shop

Muslim woman attacked in NYC coffee shop

As hate crimes in the US continue to exacerbate, especially after President-elect Donald Trump won the 2016 US elections, another Muslim woman became victim on Wednesday when a homeless man splashed piping hot coffee on her. The store employee who witness
Published 22 Dec, 2016 12:00am
MCCI SVP terms SME sector backbone of economy

MCCI SVP terms SME sector backbone of economy

Mian Bakhtawar Tanvir Sheikh, Senior Vice President of Multan Chamber of Commerce & Industry (MCCI) has said that SME sector is the backbone of Pakistan's economy in terms of its contribution towards GDP, employment generation and export development. Fina
Published 22 Dec, 2016 12:00am
Immovable properties: seminar on tax held

Immovable properties: seminar on tax held

A seminar held on tax relating to immovable properties held at the Income Tax office the other day. A detailed presentation was organised by the Zone-V, CRTO Lahore on Section 236W and its salient features besides a difference in between Sections 236C & 2
Published 22 Dec, 2016 12:00am
Immovable properties: seminar on tax held

Immovable properties: seminar on tax held

A seminar held on tax relating to immovable properties held at the Income Tax office the other day. A detailed presentation was organised by the Zone-V, CRTO Lahore on Section 236W and its salient features besides a difference in between Sections 236C & 2
Published 22 Dec, 2016 12:00am
Minister lauds DICE for promoting entrepreneurial spirit

Minister lauds DICE for promoting entrepreneurial spirit

Distinguis-hed Innovations, Collabor-ation and Entrepreneurship (DICE-2016), an event aimed at building a culture of innovation and entrepreneurship in Pakistan, kicked off at the main campus of NUST here on Wednesday. Federal Minister for Planning Develo
Published 22 Dec, 2016 12:00am
Nafisa Shah's book on honour killings launched

Nafisa Shah's book on honour killings launched

Nafisa Shah's landmark study on honour-related violence Honour Unmasked: Gender Violence, Law, and Power in Pakistan published by Oxford University Press (OUP) was launched at an event held at the Arts Council. The book is a sensitive, scholarly, and luci
Published 22 Dec, 2016 12:00am
KP to issue short-term mining permits to land owners: Anisa

KP to issue short-term mining permits to land owners: Anisa

KP Minister for Mineral Development, Anisa Zeb Tahirkheli on Wednesday said that under the Mines and Mineral Development and Regulations Bill, 2016, the government has decided the issuance of short-term mining permit to land owners.
Published 22 Dec, 2016 12:00am
Aziz dismisses allegations of inconclusive evidence about Kulbhushan

Aziz dismisses allegations of inconclusive evidence about Kulbhushan

Adviser to the Prime Minister on Foreign Affairs, Sartaj Aziz on Wednesday rejected media reports attributed to him regarding "inconclusive evidence" to finalise dossier against arrested RAW agent Kulbhushan Yadav, and said some additional information has
Published 22 Dec, 2016 12:00am
EOBI will be devolved only after court's verdict, Senate told

EOBI will be devolved only after court's verdict, Senate told

The Senate was informed on Wednesday that Employees Old-age Benefits Institution (EOBI) would be devolved only after the court gives its verdict in response to petitions filed by Khyber Pakhtunkhwa and Balochistan.
Published 22 Dec, 2016 12:00am
Turkish family health experts due on December 24

Turkish family health experts due on December 24

A 16-member Turkish delegation of family health and drug tracking system experts led by Minister for Health Republic of Turkey Dr Recep Akdag reaching here on December 24. The delegation will give a final shape to the measures for implementation of Memora
Published 22 Dec, 2016 12:00am
Farmers warned of continuing dry weather spell

Farmers warned of continuing dry weather spell

The Met Office on Wednesday warned the farmers of the continuing dry weather spell, saying that the growers should evolve plans to irrigate crops in the lean period. The Met said that the dry weather was expected to continue till the end of December. Farm
Published 22 Dec, 2016 12:00am
Death anniversary of Hafeez Jalandhari observed

Death anniversary of Hafeez Jalandhari observed

The 34th death anniversary of the writer of Pakistani National Anthem, Hafeez Jalandhri was observed on Wednesday across the country. Jalandhri was born in Jalandhar, Punjab, British India on January 14, 1900. After the independence of Pakistan in 1947, h
Published 22 Dec, 2016 12:00am
DHA high school's annual day function held

DHA high school's annual day function held

Annual Day Function of Defence Authority High School Phase-IV was held at School's premises with great fanfare. Brigadier Shahid Hassan Ali, Administrator DHA was the chief guest of the function. The students on the occasion presented a fabulous variety p
Published 22 Dec, 2016 12:00am
MTB cut-off yield slightly up

MTB cut-off yield slightly up

The cut-off yield on short-term government papers rose slightly in the auction held Wednesday. The State Bank of Pakistan (SBP) conducted the auction for the sale of 3-month, 6-month and 12-month Market Treasury Bills (MTBs) auction and accordingly receiv
Published 22 Dec, 2016 12:00am
MTB cut-off yield slightly up

MTB cut-off yield slightly up

The cut-off yield on short-term government papers rose slightly in the auction held Wednesday. The State Bank of Pakistan (SBP) conducted the auction for the sale of 3-month, 6-month and 12-month Market Treasury Bills (MTBs) auction and accordingly receiv
Published 22 Dec, 2016 12:00am
Promotion of Riba-free banking system discussed

Promotion of Riba-free banking system discussed

Meezan Bank's senior management team held a meeting with Sardar Muhammad Yousaf, the Federal Minister of Religious Affairs & Inter Faith Harmony and his Ministry team to hold a discussion on the promotion of Riba-free banking system in the country.
Published 22 Dec, 2016 12:00am
Chikungunya virus spreads to other parts of city

Chikungunya virus spreads to other parts of city

Another 700 people were admitted to Saudabad Hospital in 24 hours over complaints with Chikungunya virus in Malir. According to details, Chikungunya virus has spread to adjoining areas of Malir including Korangi, Madina Colony, Liaquat Market and Khokhrap
Published 22 Dec, 2016 12:00am
IGP wasn't sent on forced leave, claims Murad

IGP wasn't sent on forced leave, claims Murad

Sindh Chief Minister Syed Murad Ali Shah has ruled out conflict with the federal government except the acceptance of four-point demands of PPP Chairman Bilawal Bhutto Zardari which he said would strengthen the federation and the country.
Published 22 Dec, 2016 12:00am
Xinjiang region eyes joint ventures in Pakistan

Xinjiang region eyes joint ventures in Pakistan

Leader of 16-member delegation from Xinjiang region, China Zhang Shaoyun, who is deputy director general of the Department of Commerce, Government of Xinjiang, has expressed his keen interest in joint ventures and business to business contacts with Pakist
Published 22 Dec, 2016 12:00am
APBF lauds decision to increase trade with Italy

APBF lauds decision to increase trade with Italy

Ibrahim Qureshi, President All Pakistan Business Forum (APBF) has lauded decision made by the Pakistan-Italy 'Joint Economic Commission' (JEC) for promotion of bilateral trade. Pakistan and Italy have recently agreed to increase bilateral trade to $1.5 bi
Published 22 Dec, 2016 12:00am
Rao Anwar gets clean chit from investigators

Rao Anwar gets clean chit from investigators

SSP Rao Anwar, who was suspended for arresting Muttahida Qaumi Movement (MQM) Pakistan leader Khawaja Izharul Hassan among other charges, has been handed a clean chit after completion of investigation. According to reports, an investigative team, formed a
Published 22 Dec, 2016 12:00am
Operation in Sindh to continue: DG Rangers

Operation in Sindh to continue: DG Rangers

Director General Rangers Sindh Major General Muhammad Saeed on Wednesday said that the operation against miscreants and terrorists who want to create obstacle to restoration of peace across Sindh including Karachi will continue. According Rangers spokesma
Published 22 Dec, 2016 12:00am
218 exhibitors will participate in Heimtextil Fair

218 exhibitors will participate in Heimtextil Fair

A total of 218 Pakistani exhibitors will participate in the forthcoming Heimtextil Fair, Frankfurt Exhibition being held in Germany from 10-13th January 2017. Around 55 Pakistani companies will participate under the TDAP pavilion Heimtextil, Frankfurt is
Published 22 Dec, 2016 12:00am
Murad, Shahid discuss operation against terrorists

Murad, Shahid discuss operation against terrorists

Corps Commander Karachi Lieutenant General Shahid Baig Mirza called on Sindh Chief Minister Syed Murad Ali Shah at Chief Minister's House in Karachi on Wednesday. According to the spokesman of the Chief Minister's House, they discussed the strategy to con
Published 22 Dec, 2016 12:00am
Tevta's efforts towards promoting Chinese language lauded

Tevta's efforts towards promoting Chinese language lauded

Chinese Consul General Yu Boren said on Wednesday that promotion of Chinese language in Pakistan is our priority. China appreciates the efforts of Technical Education and Vocational Training Authority (TEVTA) Punjab to promote Chinese language programme a
Published 22 Dec, 2016 12:00am
First instalment of Rs 12 million for ostrich farming project released

First instalment of Rs 12 million for ostrich farming project released

The Punjab Livestock & Dairy Development Department (L&DDD) has received the first trenches of Rs 12 million from the provincial finance department to launch 'ostrich farming' in the province with the objectives of addressing food security through sharing
Published 22 Dec, 2016 12:00am
Speaker NA vows to resolve all issues of businessmen

Speaker NA vows to resolve all issues of businessmen

Speaker National Assembly Sardar Ayaz Sadiq has promised to resolve the issues being faced by the business community. "All sector-specific efforts are being made to turn the country into an economic giant," he said while addressing a delegation of Lahore
Published 22 Dec, 2016 12:00am
Cement industry's contribution to exchequer highlighted

Cement industry's contribution to exchequer highlighted

The cement industry is among the highest contributors to the national exchequer over the last four years and has paid Rs 189 billion in taxes. The contribution has more than doubled from 39 billion rupees in 2012-13 to approximately 83 billion rupees in 2
Published 22 Dec, 2016 12:00am
'Shahbaz for according top priority to public facilitation'

'Shahbaz for according top priority to public facilitation'

"Chief Minister Punjab Shahbaz Sharif has directed for according top priority to public facilitation during execution of work on Package-II of Lahore Orange Line Metro Train Project (LOMTP), from Chouburji to Ali Town, by removing heaps of debris and othe
Published 22 Dec, 2016 12:00am
APTMA urges PM to announce textile package

APTMA urges PM to announce textile package

All Pakistan Textile Mills Association (APTMA) central Chairman Aamir Fayyaz has said the export data for the month of November does not reflect the ground realities of textile industry, which is terribly plagued with high cost of doing business all acros
Published 22 Dec, 2016 12:00am
Pakistan's HC urges British companies to cash in on CPEC opportunity

Pakistan's HC urges British companies to cash in on CPEC opportunity

Pakistan High Commissioner to the UK Syed Ibne Abbas has said that the British companies and firms have enormous opportunities for investment and consultancy in Pakistan with the advent of China Pakistan Economic Corridor (CPEC) project. He made these rem
Published 22 Dec, 2016 12:00am
Prime accused in murder case of PTI leader arrested

Prime accused in murder case of PTI leader arrested

The homicide unit of Special Investigative Unit (SIU) of Islamabad Police has claimed to have arrested the prime accused in murder case of Pakistan Tehreek-e-Insaf (PTI) local leader in the city. Chaudhry Nisar-ul-Haq, a local leader of PTI from Gujar Kha
Published 22 Dec, 2016 12:00am
Promotion of two-way trade mutually beneficial: US envoy

Promotion of two-way trade mutually beneficial: US envoy

David Hale, Ambassador of the US to Pakistan, said on Wednesday that Pakistan was an important ally of US against war on terror and his country wanted to further enhance trade with it as promotion of two-way trade would be mutually beneficial for both cou
Published 22 Dec, 2016 12:00am
Border management with Afghanistan being improved: Fatemi

Border management with Afghanistan being improved: Fatemi

Special Assistant to the Prime Minister on Foreign Affairs Tariq Fatemi says hundreds of terrorists' safe havens have been destroyed, which will help establish peace in Pakistan and the whole region. In an interview, he said border management with Afghani
Published 22 Dec, 2016 12:00am
Call for changes in minorities' marriage, divorce acts

Call for changes in minorities' marriage, divorce acts

A leader of Pakistan's Hindu community called on Wednesday for the government to carry out amendments to the divorce and marriage acts covering Pakistan's religious minorities, some of the legislations as ancient as the late 19th century. Haroon Sarbdiyal
Published 22 Dec, 2016 12:00am
Interfaith harmony can put country on path of progress: Sadiq

Interfaith harmony can put country on path of progress: Sadiq

Speaker National Assembly Sardar Ayaz Sadiq on Wednesday said that Pakistan could be steered on the path of progress and prosperity by promotion of interfaith harmony in the country. He expressed these views while addressing a reception organised for Chri
Published 22 Dec, 2016 12:00am
OGDCL, HEC launch higher education scholarship programme

OGDCL, HEC launch higher education scholarship programme

Oil +ACY- Gas Development Company limited (OGDCL) in collaboration with The Higher Education Commission (HEC) has launched a programme of 260 scholarships for the studious and under privileged students of different Pakistani universities. Under the higher
Published 22 Dec, 2016 12:00am
Customs values of synthetic soda ash fixed

Customs values of synthetic soda ash fixed

The Directorate General of Customs Valuation Karachi Wednesday fixed the customs values (C&F) on the import of synthetic soda ash of all origin within the range of US $0.200 to 0.255 per kilogram. According to new valuation ruling of the directorate, in e
Published 22 Dec, 2016 12:00am
CCP holds seminar on competition law at NUST

CCP holds seminar on competition law at NUST

The Competition Commission of Pakistan (CCP) held a seminar at the National University of Science & Technology Islamabad (NUST) as part of the "Competition Advocacy Academia Drive" started by CCP to create awareness of the competition law. Senior faculty
Published 22 Dec, 2016 12:00am
International Industries Limited (IIL)

International Industries Limited (IIL)

International Industries Limited (IIL) was established in 1948 as Sultan Chinoy & Company and later next year incorporated as International Industries Limited (IIL). Initially a trading company, IIL went through several stages of expansions where in 1
Published 22 Dec, 2016 12:00am
International Industries Limited (IIL)

International Industries Limited (IIL)

International Industries Limited (IIL) was established in 1948 as Sultan Chinoy & company and later next year incorporated as International Industries Limited (IIL). Initially a trading company, IIL went through several stages of expansions where in 1
Published 22 Dec, 2016 12:00am
FPCCI electoral group concerned on dismal economic situation

FPCCI electoral group concerned on dismal economic situation

Chairman of the Businessmen Panel and Pakistan Business Group Alliance of the FPCCI, Mian Zahid Hussain, the group's presidential contestant Abdul Rahim Janoo and Mian Anjum Nisar, contender for senior vie president's post in the FPCCI elections (for the
Published 22 Dec, 2016 12:00am
The plight of Pakistanis in Egypt

The plight of Pakistanis in Egypt

At least eighteen Pakistanis are reportedly adrift in Suez Canal of Egypt while affected families in Pakistan have demanded the government to take necessary steps. Reportedly, the eighteen member staff of cargo ship including Captain of the ship has not b
Published 22 Dec, 2016 12:00am
IT&T attached departments causing negative influence on projects

IT&T attached departments causing negative influence on projects

The attached departments of Ministry of Information Technology and Telecommunication are being run on ad hoc basis, hampering its performance in execution of important projects, it is learnt. The matters at the IT&T attached departments are left at the me
Published 22 Dec, 2016 12:00am
US home sales near 10-year high as mortgage rates rise

US home sales near 10-year high as mortgage rates rise

US home resales unexpectedly rose in November, reaching their highest level in nearly 10 years, likely as buyers rushed into the market to lock in mortgage rates in anticipation of further increases in borrowing costs. The third straight monthly increase
Published 22 Dec, 2016 12:00am
Investors shun Monte Paschi's share offer

Investors shun Monte Paschi's share offer

Ailing Italian bank Monte dei Paschi di Siena has been unable to find an anchor investor willing to put money in its privately funded rescue plan, less than 24 hours before the offer ends, two sources close to the matter said on Wednesday. The bank needs
Published 22 Dec, 2016 12:00am
Investors shun Monte Paschi's share offer

Investors shun Monte Paschi's share offer

Ailing Italian bank Monte dei Paschi di Siena has been unable to find an anchor investor willing to put money in its privately funded rescue plan, less than 24 hours before the offer ends, two sources close to the matter said on Wednesday. The bank needs
Published 22 Dec, 2016 12:00am
Thai central bank holds key rate

Thai central bank holds key rate

Thailand's central bank on Wednesday maintained its economic growth outlook for this year and next as risks increased, although it was more positive on exports and left its policy interest rate unchanged again. Policymakers are counting on government spen
Published 22 Dec, 2016 12:00am
India rolls back latest curbs on deposits of banned notes

India rolls back latest curbs on deposits of banned notes

India's central bank on Wednesday rolled back an order restricting deposits of banned rupee bills into bank accounts, after the move sparked a huge public backlash. Prime Minister Narendra Modi unleashed chaos last month with his shock move to withdraw hi
Published 22 Dec, 2016 12:00am
Ukraine adopts austerity budget along IMF lines

Ukraine adopts austerity budget along IMF lines

Ukraine's parliament on Wednesday approved an austerity federal budget for 2017 that doubles minimum wages but keeps the deficit in line with the target set by the International Monetary Fund. Lawmakers haggled over the bill into the early morning hours b
Published 22 Dec, 2016 12:00am
Ukraine adopts austerity budget along IMF lines

Ukraine adopts austerity budget along IMF lines

Ukraine's parliament on Wednesday approved an austerity federal budget for 2017 that doubles minimum wages but keeps the deficit in line with the target set by the International Monetary Fund. Lawmakers haggled over the bill into the early morning hours b
Published 22 Dec, 2016 12:00am
World Bank approves second $1 billion loan tranche to Egypt
Currency

World Bank approves second $1 billion loan tranche to Egypt

The World Bank's board of executive directors approved on Tuesday a second $1 billion disbursement from a $3 billion loan to Egypt to support its economic reform programme. Egypt has been negotiating billions of dollars in aid from various lenders to help
Published 22 Dec, 2016 12:00am
Japan government raises view on economy for first time since March 2015

Japan government raises view on economy for first time since March 2015

Japan's government upgraded its overall assessment of the economy on Wednesday, echoing the Bank of Japan's more upbeat view, in a sign the economy may be steadying. The government also upgraded its view of household spending, exports and business sentime
Published 22 Dec, 2016 12:00am
EU Commission favours keeping limits on Chinese solar panels

EU Commission favours keeping limits on Chinese solar panels

The European Commission has recommended keeping import duties and a minimum price for solar panels and cells from China for two more years, according to documents seen by Reuters. The European Union and China came close to a trade war in 2013 over EU alle
Published 22 Dec, 2016 12:00am
Cold snap drives China LNG imports to record in November

Cold snap drives China LNG imports to record in November

China's liquefied natural gas (LNG) imports jumped 47 percent in November from a year earlier to a record 2.66 million tonnes, data showed on Wednesday, as a cold snap spurred demand for gas to use in heating. China's buying spree, along with Japanese dem
Published 22 Dec, 2016 12:00am
Saudi budget to boost spending, raise domestic fuel prices

Saudi budget to boost spending, raise domestic fuel prices

Saudi Arabia's state budget for 2017, which is expected to be released on Thursday, will boost spending to support economic growth while raising domestic energy prices to ease the government's subsidy burden, sources told Reuters. The government is expect
Published 22 Dec, 2016 12:00am
Volkswagen launches Kenya plant

Volkswagen launches Kenya plant

Volkswagen on Wednesday inaugurated a new assembly plant in Kenya, returning to the East African country after four decades as it seeks to take advantage of surging car sales on the continent. The German car manufacturer's return to Kenya comes just weeks
Published 22 Dec, 2016 12:00am
Spanish banks face $4.2 billion hit from European court's loan ruling

Spanish banks face $4.2 billion hit from European court's loan ruling

Spanish banks must repay customers more than 4 billion euros ($4.2 billion) after Europe's top court unexpectedly overturned a Spanish ruling that capped liabilities relating to a disputed mortgage clause, posing a new challenge to some lenders.
Published 22 Dec, 2016 12:00am
Aleppo evacuation resumes after day-long hold-up

Aleppo evacuation resumes after day-long hold-up

Buses carrying Syrian civilians and fighters began leaving the last rebel-held enclave of Aleppo on Wednesday after being stalled for a day, aid officials and pro-government media reports said. Obstacles hindering evacuations from east Aleppo and from two
Published 22 Dec, 2016 12:00am
Four Turkish soldiers killed in fight for Syria IS-held town

Four Turkish soldiers killed in fight for Syria IS-held town

Four Turkish soldiers were killed and 15 wounded in clashes with Islamic State (IS) jihadists in Syria on Wednesday as the military faced increasing resistance from the extremists in a battle to take a key town, state media said. The IS-held town of Al Ba
Published 22 Dec, 2016 12:00am
Gambia president rejects calls to step down

Gambia president rejects calls to step down

Defeated Gambian President Yahya Jammeh has again vowed not to leave office at the end of his mandate in January, saying a court first must rule on his challenge to the outcome of a hotly disputed election. Jammeh, who has been in power for 22 years, has
Published 22 Dec, 2016 12:00am
Japan, Indonesia to cooperate on maritime security

Japan, Indonesia to cooperate on maritime security

Japan and Indonesia agreed Wednesday to cooperate on maritime security at a time when both countries are embroiled in sea rows with China. Beijing asserts sovereignty over almost all of the resource-rich South China Sea, despite rival claims from Southeas
Published 22 Dec, 2016 12:00am
Almost 300 arrested as anti-president protests subside in Congo

Almost 300 arrested as anti-president protests subside in Congo

Police said they had arrested 275 people across Democratic Republic of Congo as two days of protests against President Joseph Kabila appeared to subside on Wednesday. Sporadic gunfire rang out over the capital and witnesses reported clashes in the southea
Published 22 Dec, 2016 12:00am
Putin backs tougher alcohol laws after 62 die from toxic bath essence

Putin backs tougher alcohol laws after 62 die from toxic bath essence

Russian President Vladimir Putin on Wednesday ordered tighter regulations on alcohol as the death toll among those who drank bath essence containing toxic methanol rose to 62 in Siberia. Putin ordered the government to introduce tougher laws by next July
Published 22 Dec, 2016 12:00am
Britain, Argentina agree on identifying Falklands war dead

Britain, Argentina agree on identifying Falklands war dead

Britain and Argentina have signed an agreement to exhume and identify 123 Argentine soldiers buried on the Falkland Islands following mediation by the International Committee of the Red Cross, the British government said. Graves at the Argentine memorial
Published 22 Dec, 2016 12:00am
Yemen drone strike 'kills three Qaeda members'

Yemen drone strike 'kills three Qaeda members'

A drone strike, likely carried out by US forces, has killed three suspected al Qaeda members in southern Yemen, local security sources said on Wednesday. The strike on Tuesday night targeted a vehicle in Shabwa province and incinerated the bodies of the t
Published 22 Dec, 2016 12:00am
Malaysia air force plane crashes at air base

Malaysia air force plane crashes at air base

A military plane crashed at an air base in northern Malaysia on Wednesday, leaving one dead and three injured. The air force said an investigation team would be formed to look into the crash in the town of Butterworth involving the Beechcraft B200T turbop
Published 22 Dec, 2016 12:00am
EU court says mass data retention illegal

EU court says mass data retention illegal

The mass retention of data is illegal, the European Union's highest court said on Wednesday, dealing a blow to Britain's newly passed surveillance law and signalling that security concerns do not justify excessive privacy infringements. The Court of Justi
Published 22 Dec, 2016 12:00am
EU to tighten screws on terror financing

EU to tighten screws on terror financing

The European Union on Wednesday proposed tighter checks on cash and gold transfers as part of a crackdown on terrorist financing across a bloc grappling with a wave of terrorism. EU officials put forward greater powers to freeze or seize assets of suspect
Published 22 Dec, 2016 12:00am
Four killed in China as van crashes into farmers' market

Four killed in China as van crashes into farmers' market

A van crashed into a farmers' market on the outskirts of the Chinese capital Beijing on Wednesday, killing four people and injuring "many", local police said. There were no immediate indications that the incident was linked to terrorism. On Monday a truck
Published 22 Dec, 2016 12:00am
Israel former president freed after rape term

Israel former president freed after rape term

Israeli ex-president Moshe Katsav was freed from prison Wednesday after prosectors declined to appeal a parole board decision to release him after he served five years of a seven-year term for rape. Katsav, 71, did not speak to a crowd of journalists gath
Published 22 Dec, 2016 12:00am
Afridi says arrest of Indian fan 'shameful'

Afridi says arrest of Indian fan 'shameful'

Pakistan all-rounder Shahid Afridi said Wednesday the arrest of an Indian student for wearing a shirt bearing his name was "shameful", but would not deter the subcontinent's cricket-mad fans from supporting rival players. Ripon Chowdhury, 21, was arrested
Published 22 Dec, 2016 12:00am
Big Bash bans Russell's black bat

Big Bash bans Russell's black bat

Cricket officials Wednesday banned a black bat used by West Indian Andre Russell in Australia's T20 Big Bash League because its colour marks the ball. The Sydney Thunder star used the bat with a black blade and pink handle during Tuesday night's opening B
Published 22 Dec, 2016 12:00am
Monaco forced to pay millions in tax to Spain

Monaco forced to pay millions in tax to Spain

French Ligue 1 side Monaco were forced to pay almost 12 million euros to Spain's tax authorities over the transfers of stars including Colombian James Rodriguez, the Football Leaks investigation said on Wednesday. The Principality outfit had to pay an est
Published 22 Dec, 2016 12:00am
Australian Open prize money rises to $36 million

Australian Open prize money rises to $36 million

Next month's Australian Open will offer Aus$50 million (US $36.25 million) in prize money, with the men's and women's singles champions both netting a cool $3.7 million, organisers said on Wednesday. The tournament-record purse, up 14 percent on the 2016
Published 22 Dec, 2016 12:00am
Frankfurt go third after downing 10-man Mainz

Frankfurt go third after downing 10-man Mainz

Eintracht Frankfurt went third in the Bundesliga with a 3-0 victory over 10-man Mainz on Tuesday, their first win in four on the final round of 2016 matches. There was a minute's silence, followed by loud applause, before kick-off at each of the four grou
Published 22 Dec, 2016 12:00am
Milan set for Doha Super Cup after delay

Milan set for Doha Super Cup after delay

Milan will fly to Doha on Wednesday for the Italian Super Cup final against league and Cup winners Juventus after a 24-hour delay due to technical problems, the club said. CEO Adriano Galliani was fuming on Tuesday after Milan, the beaten Cup finalists la
Published 22 Dec, 2016 12:00am
Du Plessis loses ball-tampering appeal

Du Plessis loses ball-tampering appeal

South Africa captain Faf du Plessis has had his appeal against a ball tampering fine dismissed, the International Cricket Council (ICC) said on Wednesday. Du Plessis had been fined 100 percent of his match fee last month after being caught on camera durin
Published 22 Dec, 2016 12:00am
Punjab University win women hockey championship

Punjab University win women hockey championship

Punjab University has won title of third All Pakistan HEC Inter University Women Hockey Championship 2016-17 played here at Johar Town Hockey Stadium. The final was played between Punjab University and Lahore College for Women University. Punjab Universit
Published 22 Dec, 2016 12:00am
Tokyo Olympics 2020 slashes budget to $17 billion

Tokyo Olympics 2020 slashes budget to $17 billion

Tokyo Olympics organisers unveiled a smaller budget of up to $17 billion on Wednesday after coming under pressure to cut ballooning costs. The figure, down from last month's pledge to cap spending at $17.78 billion, follows warnings that the bill for the
Published 22 Dec, 2016 12:00am
Omni Motorsport brings International Motorsport to Pakistan

Omni Motorsport brings International Motorsport to Pakistan

The groundbreaking ceremony of the Omni Karting Circuit was held at the Airmen Golf Club & Recreation Park at Korangi Creek, here on Wednesday. The ribbon cutting and groundbreaking was performed by the Chief Guest, Air Officer Commanding Southern Air Com
Published 22 Dec, 2016 12:00am
Cook heads home with calls of his resignation

Cook heads home with calls of his resignation

England captain Alastair Cook heads home for Christmas with calls for his resignation ringing in his ears after what turned into an embarrassing subcontinental tour. Cook flagged his possible departure before the five-Test tour of India and it was a quest
Published 22 Dec, 2016 12:00am
Aussie, kiwi slip

Aussie, kiwi slip

The Australian and New Zealand dollars held near seven-month lows on Wednesday, weighed down by a strengthening greenback as traders anticipated multiple United States interest rate hikes in 2017 after this year's single move. The Australian dollar stood
Published 22 Dec, 2016 12:00am
Sterling down against dollar
Currency

Sterling down against dollar

Sterling edged close to a one-month low against the dollar on Wednesday, kept under pressure by uncertainty over Brexit negotiations and by a greenback buoyed by expectations for faster US monetary tightening than previously forecast. Data showing Britain
Published 22 Dec, 2016 12:00am
Yuan weakens

Yuan weakens

China's yuan oscillated between gains and losses on Wednesday, as the market lost direction before the December holiday period, traders said. The People's Bank of China set the midpoint at 6.9489 per dollar prior to the market opening, weaker than the pre
Published 22 Dec, 2016 12:00am
Sri Lankan rupee lower
Currency

Sri Lankan rupee lower

The Sri Lankan rupee closed weaker on Wednesday due to dollar demand from importers and capital outflows from government securities, dealers said, as the greenback hovered near 14-year peaks against a basket of major currencies. The US currency has chalke
Published 22 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. 78.80-78.85 (previous 78.85-78.85).
Published 22 Dec, 2016 12:00am
Dollar rises to 14-year high, yen falls in New York
Currency

Dollar rises to 14-year high, yen falls in New York

The dollar climbed to a 14-year high on Tuesday as Federal Reserve Chair Janet Yellen's comments on jobs reinforced the notion of faster US interest rate hikes next year than had been expected. In light trading, the greenback strengthened against major cu
Published 22 Dec, 2016 12:00am
Swedish crown has best day in 6 months, dollar recovers in Europe

Swedish crown has best day in 6 months, dollar recovers in Europe

The dollar took a breather on Wednesday after reaching a 14-year high the previous day, while the Swedish crown chalked up its biggest rise in six months after the Riksbank voted to ease policy further only by the narrowest of margins. Sweden's central ba
Published 22 Dec, 2016 12:00am
Dollar holds gains in Asian trade
Currency

Dollar holds gains in Asian trade

The dollar hovered near a 14-year high against the euro on Wednesday, supported by expectations of US interest rates rising more rapidly during the incoming Trump Administration. In thin trading ahead of year-end holidays, the euro last stood at $1.0413 a
Published 22 Dec, 2016 12:00am
Britain's top share index holds close to two-month high

Britain's top share index holds close to two-month high

Britain's top share index ended little changed on Wednesday after reaching a two-month high, though a rise in Ashtead Group and bottler Coca-Cola Hellenic provided support. The FTSE 100 was flat at 7,041.42 points at its close, with trading volume low.
Published 22 Dec, 2016 12:00am
Southeast Asian markets: Indonesia hits near four-week low

Southeast Asian markets: Indonesia hits near four-week low

Indonesian shares hit a near 4-week closing low on Wednesday, falling for a seventh straight session as investors stayed on the sidelines due to a lack of positive triggers, while Thai shares lost ground for a third day. The Jakarta Composite Index closed
Published 22 Dec, 2016 12:00am
Australian shares at over 16-month high

Australian shares at over 16-month high

Australian shares closed at their highest in more than 16 months in thin trade on Wednesday, led by materials and financial stocks as investor sentiment was boosted by Wall Street's record run overnight. The NASDAQ Composite rose to record highs while the
Published 22 Dec, 2016 12:00am
European shares ease as Monte Paschi, Spanish lenders slump

European shares ease as Monte Paschi, Spanish lenders slump

European shares inched lower on Wednesday but stayed close to their highest in over 11 months as merger and acquisition activity propped up the market, while Monte dei Paschi slumped to fresh record lows on worries over its rescue. The pan-European STOXX
Published 22 Dec, 2016 12:00am
China stocks climb

China stocks climb

China stocks rebounded on Wednesday, as fears of a liquidity squeeze in the banking system subsided after risks from a bond scandal appeared contained, and on a pledge to deepen reforms in state-owned sectors. The bluechip CSI300 index rose 0.9 percent, t
Published 22 Dec, 2016 12:00am
Indian shares fall

Indian shares fall

Indian shares erased early gains to close lower on Wednesday, posting their sixth straight session of declines, dragged down by major IT stocks such as Infosys Ltd and Tata Consultancy Services Ltd. The 30-stock BSE index ended down 0.25 percent at 26,242
Published 22 Dec, 2016 12:00am
Spanish bond yields hit five-week low

Spanish bond yields hit five-week low

Spanish government bond yields hit five-week lows on Wednesday as investors shifted money out of similarly rated Italian debt where bank bailouts and political uncertainty have created what ING strategists called a "dangerous cocktail". The gap between yi
Published 22 Dec, 2016 12:00am
Spanish bond yields hit five-week low

Spanish bond yields hit five-week low

Spanish government bond yields hit five-week lows on Wednesday as investors shifted money out of similarly rated Italian debt where bank bailouts and political uncertainty have created what ING strategists called a "dangerous cocktail". The gap between yi
Published 22 Dec, 2016 12:00am
Treasury prices fall

Treasury prices fall

US Treasury prices fell on Tuesday as stocks gained, reducing demand for safe-haven assets, and with no new economic data to give further indications of the strength of the US economy. Both the Dow and the Nasdaq hit record highs on Tuesday, and the bluec
Published 22 Dec, 2016 12:00am
Treasury prices fall

Treasury prices fall

US Treasury prices fell on Tuesday as stocks gained, reducing demand for safe-haven assets, and with no new economic data to give further indications of the strength of the US economy. Both the Dow and the Nasdaq hit record highs on Tuesday, and the bluec
Published 22 Dec, 2016 12:00am
Hong Kong stocks up

Hong Kong stocks up

Hong Kong stocks broke a four-day losing streak and advanced on Wednesday, thanks to support from the mainland and Wall Street. The Hang Seng index erased some gains in the morning session and added 0.4 percent to 21,809.80 points at the close, after hitt
Published 22 Dec, 2016 12:00am
Nasdaq rises to record, Dow bats eyes at 20,000

Nasdaq rises to record, Dow bats eyes at 20,000

The Dow and Nasdaq Composite rose to record highs on Tuesday in a rally fuelled by optimism about US President-elect Donald Trump's policies. The Dow Jones industrial average ended just 25 points shy of 20,000, a level it has never breached, helped by a 1
Published 22 Dec, 2016 12:00am
Wednesday's early afternoon trade: stocks little changed

Wednesday's early afternoon trade: stocks little changed

US stocks were little changed in muted pre-holiday trading on Wednesday as investors paused, a day after the Nasdaq Composite and the Dow Jones Industrial Average hit record highs. The Dow came within 15 points of hitting 20,000, the historic level it has
Published 22 Dec, 2016 12:00am
Tokyo stocks lower, slipping off one-year high

Tokyo stocks lower, slipping off one-year high

Tokyo's benchmark index closed lower on Wednesday, slipping off a one-year high hit the previous day as investors shuffle their positions before the holiday season. The Nikkei 225 rose in early trade after gains on Wall Street and as Japan's top central b
Published 22 Dec, 2016 12:00am
Sri Lankan shares tumble

Sri Lankan shares tumble

Sri Lankan shares closed at their lowest in more than eight months in thin trade on Wednesday ahead of the Christmas weekend, falling for a seventh straight session led by bluechips and large caps, stockbrokers said. The Colombo stock index ended 0.12 per
Published 22 Dec, 2016 12:00am
Saudi market rises before 2017 budget, Egypt index extends bull run

Saudi market rises before 2017 budget, Egypt index extends bull run

Saudi Arabia's stock market rose on Wednesday on the eve of the government's release of its 2017 budget, and Egypt's extended a bull run fuelled by foreign money and last month's float of the Egyptian pound. The Saudi stock index climbed 0.4 percent, thou
Published 22 Dec, 2016 12:00am
Croatia's economic institute less optimistic on growth, budget

Croatia's economic institute less optimistic on growth, budget

Croatia's growth in the coming years is likely to be slower than the government hopes for, while fiscal consolidation may also lag behind government projection, one of the country's leading economic think tanks, said on Wednesday.
Published 22 Dec, 2016 12:00am
Economic 'shock' from Indian cash ban to last until March

Economic 'shock' from Indian cash ban to last until March

The negative shock from India's ban on high-value banknotes will last until the end of March but improved growth next year should fully compensate for the loss, a top economic adviser to Prime Minister Narendra Modi told Reuters. Bibek Debroy, a member of
Published 22 Dec, 2016 12:00am
How North Korean seafood ends up in countries that ban it

How North Korean seafood ends up in countries that ban it

The brightly coloured packages advertising "Walleye Pollock" at the West Market in Yanji, a Chinese city near the border with North Korea, say the fish came from China. But 15 vendors interviewed at the market say the fish came in from North Korea to be p
Published 22 Dec, 2016 12:00am
Italy lawmakers approve 20 billion euro plan to prop up banks

Italy lawmakers approve 20 billion euro plan to prop up banks

Italy's parliament gave the green light on Wednesday for a 20 billion euro ($20.8 billion) plan to prop up the country's weaker banks, starting with a bailout as early as this week for the third largest, Monte dei Paschi di Siena. The Tuscan lender, recen
Published 22 Dec, 2016 12:00am
Argentina central bank keeps key rate unchanged

Argentina central bank keeps key rate unchanged

Argentina's central bank kept its benchmark 35-day interest rate at 24.75 percent for the third week in a row on Tuesday, saying inflation was falling closer to its target. The bank has a goal of average monthly inflation of 1.5 percent for the final thre
Published 22 Dec, 2016 12:00am
G3 Global to proceed with grain terminal at Vancouver port

G3 Global to proceed with grain terminal at Vancouver port

Canada's G3 Global Holdings LP will build a grain terminal at Port Metro Vancouver by 2020, increasing the flow of wheat and canola to Asia and Latin America, the company said on Wednesday. The Winnipeg-based partnership of Saudi Arabian agriculture compa
Published 22 Dec, 2016 12:00am
Gold rises in Europe

Gold rises in Europe

Gold rose on Wednesday as a retreat in the dollar from the previous session's 14-year peak prompted some buyers to hunt bargains after the metal's sharp slide from its November high. The metal had been hit hard by a surge in the dollar after the November
Published 22 Dec, 2016 12:00am
Gold up in Asia

Gold up in Asia

Gold rose on Wednesday to reverse earlier losses, with the US dollar edging away from 14-year highs touched the day before. Spot gold was up 0.4 percent at $1,135.83 an ounce by 0621 GMT. It fell 0.6 percent in the previous session. US gold futures were a
Published 22 Dec, 2016 12:00am
Gold falls in New York
Currency

Gold falls in New York

Gold fell on Tuesday as the dollar rose and investors sold on expectations of stronger global economic growth and higher US interest rates, while deadly incidents in Turkey and Germany failed to spur safe-haven buying.
Published 22 Dec, 2016 12:00am
New York cocoa recovers ground, sugar consolidates

New York cocoa recovers ground, sugar consolidates

Raw sugar futures were slightly higher on Wednesday, consolidating modest gains made the past two days, with small volumes traded as the market was winding down for the year end. March raws were up 0.03 cents, or 0.2 percent, at 18.28 cents at 1507 GMT.
Published 22 Dec, 2016 12:00am
Malaysian palm oil rebounds from three-day fall

Malaysian palm oil rebounds from three-day fall

Malaysian palm oil futures edged up on Wednesday, breaking a three-day losing streak as traders look to square their positions ahead of the holidays. Benchmark palm oil futures for March delivery rose 0.65 percent on the Bursa Malaysia Derivatives Exchang
Published 22 Dec, 2016 12:00am
Rubber rises

Rubber rises

Benchmark Tokyo rubber futures ended up 1.6 percent on Wednesday as investors bought back after two days of declines, supported by gains in Shanghai futures. The benchmark TOCOM rubber contract for May delivery finished 4.3 yen higher at 271 yen ($2.30) p
Published 22 Dec, 2016 12:00am
Copper steadies, but worries about oversupply weigh
Currency

Copper steadies, but worries about oversupply weigh

Copper prices held steady on Wednesday but remained under pressure from worries about an oversupplied market and funds cutting bets on higher prices over coming days. Benchmark copper on the London Metal Exchange ended up 0.2 percent at $5,515 a tonne. Th
Published 22 Dec, 2016 12:00am
Shanghai copper climbs

Shanghai copper climbs

Shanghai Futures Exchange copper climbed 0.8 percent to 45,330 yuan ($6,523) a tonne on Wednesday with investors betting that stronger US and China economies next year would bolster demand for industrial metals. Chinese metal exports fell in November, wit
Published 22 Dec, 2016 12:00am
Cotton futures fall
Cotton

Cotton futures fall

ICE cotton futures fell to a five-week low on Tuesday, as investors continued to liquidate long positions and the dollar gained in strength. The March cotton contract on ICE Futures US ended down for the third straight session and dropped to a low of 69.3
Published 22 Dec, 2016 12:00am
Brazil's winter corn crop seen at record 59.9 million tonnes

Brazil's winter corn crop seen at record 59.9 million tonnes

Brazil's 2016/17 winter corn crop is estimated at a record 59.9 million tonnes, up from 40.7 million tonnes in the previous season, private consultant AgRural said on Monday. The country's total corn crop is projected at 88.3 million tonnes, an increase o
Published 22 Dec, 2016 12:00am
US wheat futures edge lower

US wheat futures edge lower

US wheat futures fell slightly on Tuesday, easing to a near two-week low on pressure from warming temperatures in the central part of the country that reduced the risk of freeze damage for dormant winter wheat plants, traders said. Most-active CBOT March
Published 22 Dec, 2016 12:00am
Thin business seen on cotton market
Cotton

Thin business seen on cotton market

Thin business activity was witnessed on the cotton market on Wednesday as few numbers of leading buyers took part in fresh deals to meet urgent requirements, dealers said. The official spot rate was unchanged at Rs 6250, dealers said. In Sindh, seed cotto
Published 22 Dec, 2016 12:00am
Activity at Karachi & Qasim ports

Activity at Karachi & Qasim ports

The Karachi Port handled 215,235 tonnes of cargo comprising 183,259 tonnes of import cargo and 31,976 tonnes of export cargo including 6,599 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
Published 22 Dec, 2016 12:00am
US natural gas falls to lowest since late November

US natural gas falls to lowest since late November

US natural gas futures on Tuesday settled at the lowest level since late November on forecasts for warmer-than-normal weather and light heating demand through the first week of January. Front-month gas futures fell 12.9 cents, or 3.8 percent, to settle at
Published 22 Dec, 2016 12:00am
US FOB Gulf soya offers steady

US FOB Gulf soya offers steady

Export premiums for soyabeans shipped from the US Gulf Coast were steady on Tuesday, capped by seasonally slowing export demand amid the approaching harvest of a bumper South American crop, traders said. Several analysts have raised their Brazilian soyabe
Published 22 Dec, 2016 12:00am
US Midwest corn, soya bids steady

US Midwest corn, soya bids steady

Spot basis bids for corn and soyabeans at elevators and processors around the US Midwest were generally steady on Tuesday, grain merchants said. Fallen Chicago Board of Trade corn and soyabean futures, on improved main prospects in Argentina, minimized fa
Published 22 Dec, 2016 12:00am
European wheat prices mostly flat
Currency

European wheat prices mostly flat

European wheat prices were mostly unchanged on Tuesday despite weaker US grains markets, supported by the fall of the euro against the dollar to a new 14-year low. Traders were also awaiting the results of Egypt's tender to buy wheat for shipment between
Published 22 Dec, 2016 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Tuesday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,021. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 3.15 billion and the number of lots traded was 9,320. Major business was contributed by curr
Published 22 Dec, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 22 Dec, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 22 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 22 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 22 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 21, 2016).

Published 22 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 21, 2016).

Published 22 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 21, 2016).

Published 22 Dec, 2016 12:00am
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