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Archive - 2016-12-28
Pakistan to secure $1bn in Chinese financing for roads
Pakistan Top News

Pakistan to secure $1bn in Chinese financing for roads

KARACHI: Pakistan expects to secure soft loans from China totalling around $1 billion for three road projects in the China-Pakistan Economic Corridor (CPEC), a Pakistani official said on Tuesday.
Published 28 Dec, 2016 05:59pm
Settlement program threatens Israel's future: Kerry
World Top News

Settlement program threatens Israel's future: Kerry

WASHINGTON: US Secretary of State John Kerry warned Wednesday that Israel's settlement building in the West Bank threatens both hope for peace with the Palestinians and the country's own future as a democracy.
Published 28 Dec, 2016 05:54pm
Trump slams 'inflammatory' Obama
North America

Trump slams 'inflammatory' Obama

PALM BEACH: US President-elect Donald Trump poured kerosene on a simmering dispute with Barack Obama Wednesday, accusing him of derailing a smooth transition with "inflammatory" statements and "roadblocks.
Published 28 Dec, 2016 05:47pm
FPCCI launches research report on CPEC
Business & Economy

FPCCI launches research report on CPEC

KARACHI: Federation of Pakistan Chambers of Commerce and Industry on Wednesday launched a report showing FPCCI's stance on China-Pakistan Economic Corridor ; emphasizing that the government should take into confidence private sector of the country on
Published 28 Dec, 2016 04:43pm
Dar reviews proposals for AJK Budget
General News

Dar reviews proposals for AJK Budget

ISLAMABAD: Federal Finance Minister Senator Mohammad Ishaq Dar chaired a meeting here on Wednesday to review proposals of the Azad Jammu and Kashmir Council for the AJK budget 2016-17.
Published 28 Dec, 2016 04:39pm
Death toll rises to 45, five in critical condition
World Top News

Death toll rises to 45, five in critical condition

TOBA TEK SINGH: The death toll of toxic liquor incident in Muhallah Mubarikabad rose to 45 on Wednesday, while the condition of five others was stated to be serious.
Published 28 Dec, 2016 04:36pm
ECC approves supply of 50 MMCFD gas to Guddu Power Station
Pakistan Top News

ECC approves supply of 50 MMCFD gas to Guddu Power Station

ISLAMABAD: Economic Coordination Committee (ECC) Wednesday approved a proposal of ministry of petroleum and natural resources regarding allocation of additional 50 MMCFD available gas from Habib Rahi Limestone (HRL) reservoir to Thermal Power Station Gudd
Published 28 Dec, 2016 04:31pm
C$ modestly stronger as oil remains firm
Financial

C$ modestly stronger as oil remains firm

TORONTO: The Canadian dollar firmed slightly on Wednesday against its US counterpart as the price of oil, a key Canadian export, held near highs not seen since 2015.
Published 28 Dec, 2016 03:41pm
Maduro will survive, just, on Venezuelan tightrope
World

Maduro will survive, just, on Venezuelan tightrope

NEW YORK: Venezuela's economy is a wreck, but the Bolivarian revolution's inept leader, President Nicolas Maduro, has probably done just enough to avoid being forced from office in 2017, unless by Chavista colleagues.
Published 28 Dec, 2016 03:41pm
Death toll from Pakistan toxic liquor incident rises to 34
Pakistan Top News

Death toll from Pakistan toxic liquor incident rises to 34

ISLAMABAD: Thirty-four people have now died after drinking toxic home-made liquor on Christmas Eve in central Pakistan, officials said Wednesday, one of the deadliest cases of mass alcohol poisoning in the country.
Published 28 Dec, 2016 02:31pm
Toshiba shares fall 20pc after it flags one-off loss
Financial

Toshiba shares fall 20pc after it flags one-off loss

TOKYO: Toshiba shares dived more than 20 percent Wednesday in their second straight double-digit plunge, as the company said it may book a one-time loss of several billion dollars over its US nuclear business.
Published 28 Dec, 2016 02:27pm
Israel postpones vote on new East Jerusalem homes before Kerry speech
World Top News

Israel postpones vote on new East Jerusalem homes before Kerry speech

%D%AJERUSALEM: Israel pulled back from approving hundreds of new homes for Israelis in annexed East Jerusalem on Wednesday before a speech in which the US Secretary of State was to give further voice to international opposition to settlement building.
Published 28 Dec, 2016 02:20pm
Euro forefather Tietmeyer dies aged 85
Money & Banking

Euro forefather Tietmeyer dies aged 85

FRANKFURT AM MAIN: Former Bundesbank president Hans Tietmeyer, a key architect of the euro who oversaw its introduction in Germany, has died at the age of 85, the central bank announced Wednesday.
Published 28 Dec, 2016 02:15pm
OSCE confirms 'major' cyber attack
World Top News

OSCE confirms 'major' cyber attack

VIENNA: International observer body the Organization for Security and Co-operation in Europe (OSCE) confirmed Wednesday being the victim of a "major" cyber attack.
Published 28 Dec, 2016 02:12pm
US denies Erdogan accusations of 'supporting IS'
Europe

US denies Erdogan accusations of 'supporting IS'

ANKARA: The United States embassy in Ankara on Wednesday denied Washington had ever supported Islamic State (IS) militants in the Syrian conflict after Turkish President Recep Tayyip Erdogan claimed the extremists had enjoyed US backing.
Published 28 Dec, 2016 02:08pm
RECORDER REPORT: PSX close of day
World Top News

RECORDER REPORT: PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Wednesday having 47424.
Published 28 Dec, 2016 11:07am
Shipping activity at Port Qasim
Business & Economy

Shipping activity at Port Qasim

KARACHI: Eight ships Maersk Kensington, CMA CGM Thames, Allience Fairfax, Georgia-T Ginga Ocelot, Gemini Gas, Al- Gashamiya and Bahra carrying containers, vehicles, canola seeds, chemicals, LPG, LNG and diesel oil were allotted berths at Qasim Internation
Published 28 Dec, 2016 10:45am
Russia, Turkey 'agree Syria ceasefire plan'
Front Top News

Russia, Turkey 'agree Syria ceasefire plan'

%D%AISTANBUL: Turkey and Russia have agreed a ceasefire plan for all of Syria that should come into force this evening at midnight, Turkish state media said on Wednesday, as Ankara and Moscow tighten cooperation to find an end to the civil war.
Published 28 Dec, 2016 10:36am
Govt mulling striking down Article 25-A of NAB law on plea bargain
Front Top News

Govt mulling striking down Article 25-A of NAB law on plea bargain

%D%AZULFIQAR AHMAD & FAZAL SHER%D%A%D%AISLAMABAD: The government is seriously considering striking down Article 25-A of National Accountability Ordinance, 1999 that deals with voluntary return (plea bargain) after the top anti-graft body cleared Mushtaq R
Published 28 Dec, 2016 10:03am
Zardari criticizes LNG deal with Qatar
Front Top News

Zardari criticizes LNG deal with Qatar

MONITORING DESK%D%AKARACHI: Former president Asif Ali Zardari has accused Prime Minister Nawaz Sharif of putting the national security at stake by energy deals with Qatar.
Published 28 Dec, 2016 09:53am
Outdoor Adventure Photography by Emmett Sparling
Featured Photos

Outdoor Adventure Photography by Emmett Sparling

Photo Credit : Emmet Sparling%Dmmett Sparling is a talented young photographer and filmmaker currently based in Vancouver, British Columbia, Canada.
Published 28 Dec, 2016 09:48am
Tokyo ends flat as Toshiba shares plunge again
Financial

Tokyo ends flat as Toshiba shares plunge again

HONG KONG: Hong Kong stocks rose Wednesday to rebound from recent lows as Tokyo shares ended flat despite Toshiba's second straight double-digit plunge, in quiet Asian trading before the New Year.
Published 28 Dec, 2016 09:44am
Death toll from toxic liquor incident rises to 34
Front Top News

Death toll from toxic liquor incident rises to 34

ISLAMABAD: Thirty-four people have now died after drinking toxic home-made liquor on Christmas Eve in central Pakistan, officials said Wednesday, one of the deadliest cases of mass alcohol poisoning in the country.
Published 28 Dec, 2016 09:43am
Beautiful Cityscapes by David Schermann
Featured Photos

Beautiful Cityscapes by David Schermann

Photo Credit : David Shermann%David Schermann is a talented 24-year old self taught photographer and artist based in Vienna, Austria.
Published 28 Dec, 2016 09:31am
Awesome Conceptual Portraits by Dennis Elliott
Featured Photos

Awesome Conceptual Portraits by Dennis Elliott

Photo Credit : Dennis Elliot%Dennis Elliott is a talented 21-year old portrait photographer, designer and social media content creator based in Chicago, IL, USA.
Published 28 Dec, 2016 09:17am
PM questions predecessors over 'pushing country into darkness'
World Top News

PM questions predecessors over 'pushing country into darkness'

CHASHMA: Prime Minister Muhammad Nawaz Sharif on Wednesday criticizing the previous governments for pushing the country into darkness of loadshedding said "those responsible must be questioned over their grave negligence".
Published 28 Dec, 2016 09:03am
Records shattered by Azhar Ali at MCG
Cricket

Records shattered by Azhar Ali at MCG

Pakistan opening batsman Azhar Ali scaled new heights this morning (Wednesday) at one of crickets most celebrated venues the MCG, after he scored his double hundred against the Aussies.
Published 28 Dec, 2016 08:36am
Gold prices extend gains in technical rebound
Commodities

Gold prices extend gains in technical rebound

BENGALURU: Gold prices rose on Wednesday, extending gains after it hit a near two-week high in the previous session, on a technically-driven rebound in thin volume amid a slightly weaker dollar.
Published 28 Dec, 2016 07:07am
MoC agrees to support sugar export
Business & Economy

MoC agrees to support sugar export

MUSHTAQ GHUMMAN%D%AISLAMABAD: Ministry of Commerce (MoC) has reportedly agreed to support export of 225,000 tons of sugar on the recommendation of Sugar Advisory Board (SAB) by March 31, 2017 without any export rebate, well-informed sources told Business
Published 28 Dec, 2016 06:47am
60-paisa increase in KE tariff
Front Top News

60-paisa increase in KE tariff

MUSHTAQ GHUMMAN%D%AISLAMABAD: National Electric Power Regulatory Authority (Nepra) on Tuesday approved a refund of Rs 3.
Published 28 Dec, 2016 06:37am
Abe, Obama hail reconciliation at Pearl Harbor
World Top News

Abe, Obama hail reconciliation at Pearl Harbor

PEARL HARBOR: The leaders of war-time enemies America and Japan made a poignant joint pilgrimage to Pearl Harbor Tuesday, issuing symbolic declarations about the power of reconciliation and warning against the drumbeat of conflict.
Published 28 Dec, 2016 05:38am
Tokyo shares flat at noon
Financial

Tokyo shares flat at noon

TOKYO: Tokyo shares were flat in thin holiday trading, with Toshiba nosediving 20 percent after the firm said it might book a massive one-time loss.
Published 28 Dec, 2016 05:35am
Azhar hits epic 205 as Pakistan declare at 443-9
Cricket

Azhar hits epic 205 as Pakistan declare at 443-9

MELBOURNE: Pakistan declared at 443 for nine in their first innings with Azhar Ali unbeaten on 205 shortly after lunch on the third day of the second Test against Australia in Melbourne on Wednesday.
Published 28 Dec, 2016 05:27am
Rubber rebounds

Rubber rebounds

Benchmark Tokyo rubber futures rose on Tuesday, rebounding from a 2-week low hit earlier in the session, as investors covered short positions after the US dollar inched higher against the yen. The Tokyo Commodity Exchange (TOCOM) rubber contract for June
Published 28 Dec, 2016 12:00am
Oil jumps 1.7 percent, adds to year's gains ahead of Opec cuts

Oil jumps 1.7 percent, adds to year's gains ahead of Opec cuts

Oil jumped 1.7 percent Tuesday, continuing its year-end rally with support from expectations of tighter supply once the first output cut deal between Opec and non-Opec producers in 15 years takes effect on Sunday. US crude prices have surged 25 percent si
Published 28 Dec, 2016 12:00am
Venezuela says to cut 95,000 bpd crude output

Venezuela says to cut 95,000 bpd crude output

Venezuela said on Tuesday it will cut 95,000 barrels per day of oil production in the New Year in fulfillment of a producers' deal to reduce global output and strengthen prices. January 1 marks the start of the pact by the Organisation of the Petroleum Ex
Published 28 Dec, 2016 12:00am
Peru president proposes dredging reservoir for gold

Peru president proposes dredging reservoir for gold

President Pedro Pablo Kuczynski proposed dredging a reservoir in a dry northern region of Peru to extract what he described as "much more gold" than what the country's biggest gold mine holds, according to an interview with a local newspaper. Kuczynski sa
Published 28 Dec, 2016 12:00am
Erdogan accuses West of backing IS, breaking promises in Syria

Erdogan accuses West of backing IS, breaking promises in Syria

Turkish President Recep Tayyip Erdogan on Tuesday said the West was breaking promises in Syria, accusing Ankara's partners of backing "terror groups" including IS jihadists in the country. At least 37 Turkish soldiers have died in Turkey's major incursion
Published 28 Dec, 2016 12:00am
40 killed in Yemen anti-rebel offensive

40 killed in Yemen anti-rebel offensive

At least 28 Huthi insurgents and 12 Yemeni soldiers were killed Tuesday in the southern province of Shabwa as government forces pushed to capture a rebel enclave, military officials said. The fighting flared when forces loyal to President Abedrabbo Mansou
Published 28 Dec, 2016 12:00am
Indian passenger plane skids off runway, injuring 15

Indian passenger plane skids off runway, injuring 15

An Indian plane carrying 161 passengers and crew skidded off the runway at Goa airport early Tuesday, injuring 15 people. The Indian Navy, which runs the airport in western India, said it was not yet clear what caused the Jet Airways plane to veer off the
Published 28 Dec, 2016 12:00am
Israel pushing for more settler homes despite UN vote

Israel pushing for more settler homes despite UN vote

Israel could advance plans this week for thousands more settlement homes in annexed east Jerusalem in defiance of a landmark UN resolution demanding an end to such activity. It would mark the first such approvals since Friday's UN Security Council vote de
Published 28 Dec, 2016 12:00am
South Korea plans nuclear push in 2017: top defector

South Korea plans nuclear push in 2017: top defector

North Korean leader Kim Jong-Un is planning a "prime time" nuclear weapons push in 2017 to take advantage of leadership transitions in South Korea and the United States, a high-ranking defector said Tuesday. In his first press conference since fleeing his
Published 28 Dec, 2016 12:00am
Egypt sets up government-picked council to oversee media

Egypt sets up government-picked council to oversee media

Egyptian President Abdel Fattah al-Sisi has approved a law to set up a council headed by his appointees that oversees the media and ensures compliance with "national security" requirements. The law, passed by parliament and published in the official gazet
Published 28 Dec, 2016 12:00am
Iraqi Prime Minister says needs three months to eliminate IS

Iraqi Prime Minister says needs three months to eliminate IS

Iraq's premier said on Tuesday security forces need another three months to eliminate the Islamic State group from the country after launching their offensive against IS in October. "The available data indicate that Iraq requires three months to eliminate
Published 28 Dec, 2016 12:00am
Pioneering astrophysicist Vera Rubin dies

Pioneering astrophysicist Vera Rubin dies

Groundbreaking astrophysicist Vera Rubin, who confirmed that the bulk of the universe is made up of invisible dark matter, has died in Princeton, New Jersey aged 88. "Vera Rubin was a national treasure as an accomplished astronomer and a wonderful role mo
Published 28 Dec, 2016 12:00am
'Star Wars' actress Carrie Fisher dies

'Star Wars' actress Carrie Fisher dies

Hollywood star Carrie Fisher - best known for her portrayal of Princess Leia in the wildly popular "Star Wars" films - died Tuesday, days after suffering a heart attack on a transatlantic flight. The 60-year-old actress had been in intensive care in a Los
Published 28 Dec, 2016 12:00am
Abe, Obama make Pearl Harbor 'pilgrimage'

Abe, Obama make Pearl Harbor 'pilgrimage'

Japanese Prime Minister Shinzo Abe and US President Barack Obama were to make a joint pilgrimage to the site of the Pearl Harbor attack on Tuesday to celebrate "the power of reconciliation." The Japanese attack on an unsuspecting US fleet moored at Pearl
Published 28 Dec, 2016 12:00am
Somalia swears in new MPs amid vote criticism

Somalia swears in new MPs amid vote criticism

Somalia on Tuesday swore in new lawmakers after weeks of voting in a complex political process seen as its most democratic election in nearly five decades, despite significant flaws. The new parliament was inaugurated under tight security in Mogadishu two
Published 28 Dec, 2016 12:00am
DR Congo opposition activists released

DR Congo opposition activists released

Nineteen pro-democracy activists arrested during a protest against the Democratic Republic of Congo's President Joseph Kabila were released Tuesday, their organisation and a UN official said. "Lucha confirms that 18 comrades arrested during a sit-in in Go
Published 28 Dec, 2016 12:00am
Azhar hits ton amid rain in Melbourne Test

Azhar hits ton amid rain in Melbourne Test

Opening batsman Azhar Ali led the way as Pakistan consolidated their first innings on a rain-hit second day of the second Test against Australia in Melbourne on Tuesday. Only 50.3 overs were possible after 50.5 overs were bowled on Monday's opening day as
Published 28 Dec, 2016 12:00am
ZTBL, Pebble Breakers earn victories in Pak-Suzuki Motor Polo Cup

ZTBL, Pebble Breakers earn victories in Pak-Suzuki Motor Polo Cup

ZTBL and Pebble Breakers won their matches on the opening day of the Pak-Suzuki Motor Polo Cup 2016-17 here at the Lahore Polo Club (LPC) ground on Tuesday. In the first match of the day, one and half goal handicap advantage helped ZTBL beat Momin Ghee by
Published 28 Dec, 2016 12:00am
Arifa, Urooj Gul Rukh in KP Open Badminton quarters

Arifa, Urooj Gul Rukh in KP Open Badminton quarters

Arifa Hassan, Urooj Gul, Gul Rukh, Kainat Khan, Bena and Aqsa moved to the quarter-finals of the ongoing 5th KP Open Badminton Championship being played here at Wadood Hall, Qayyum Sports Complex on Tuesday. In the first pre-quarter-final Arifa recorded v
Published 28 Dec, 2016 12:00am
Shiffrin wins rare giant slalom

Shiffrin wins rare giant slalom

American slalom queen Mikaela Shiffrin registered a rare giant slalom success at the Austrian resort of Semmering on Tuesday. Olympic champion Shiffrin, 21, notched up her 24th overall World Cup success but only her second in the discipline with a time of
Published 28 Dec, 2016 12:00am
Big Bash allow Russell to use black bat

Big Bash allow Russell to use black bat

West Indian Andre Russell will be allowed to use a black bat in Australia's T20 Big Bash League after making modifications, Cricket Australia said Tuesday. The Sydney Thunder star used the bat with a black blade and pink handle during last week's opening
Published 28 Dec, 2016 12:00am
Cricket championship: SSGC strengthens position for semi final

Cricket championship: SSGC strengthens position for semi final

SSGC cricket team won its match against NBP and strengthened its position for the semi finals of National One day Cricket Championship. In its match played at UBL cricket ground here on Tuesday in Karachi. SSGC cricket team scored 250 runs for the loss of
Published 28 Dec, 2016 12:00am
Hamza, Humam advance in NBP Junior Squash

Hamza, Humam advance in NBP Junior Squash

Top seed Muhammad Hamza and Humam Ahmad advanced to next round after securing victories against their respective rivals on the opening day of the 5th NBP National Junior Boys Squash Championship, which got under way here at PAF Hashim Khan Squash Complex
Published 28 Dec, 2016 12:00am
De Silva defies South African pace attack

De Silva defies South African pace attack

Dhananjaya de Silva kept Sri Lanka's hopes alive with a defiant innings on the second day of the first Test against South Africa at St George's Park on Tuesday. De Silva made 43 not out as Sri Lanka struggled to 181 for seven - still 105 runs behind South
Published 28 Dec, 2016 12:00am
Boxing Day body blow as leaders Newcastle lose

Boxing Day body blow as leaders Newcastle lose

Championship leaders Newcastle United suffered a Boxing Day setback as Sheffield Wednesday earned a 1-0 victory at St James' Park on Monday. A Glenn Loovens header eight minutes into the second half silenced the home crowd and proved enough to keep the vi
Published 28 Dec, 2016 12:00am
Young at heart Toure happy to come in from the cold

Young at heart Toure happy to come in from the cold

Yaya Toure admits he feels reborn after returning from exile to play a key role in Manchester City's Premier League title challenge. Toure, 33, appeared destined to leave City after being frozen out by new manager Pep Guardiola earlier in the season. But
Published 28 Dec, 2016 12:00am
Brighton sink QPR to take top spot

Brighton sink QPR to take top spot

Brighton claimed top spot in the Championship with an emphatic 3-0 win over 10-man QPR at the Amex Stadium on Tuesday. Chris Hughton's team moved above previous leaders Newcastle, who were beaten by Sheffield Wednesday on Monday, thanks to goals from Sam
Published 28 Dec, 2016 12:00am
Yuan weakens slightly
Currency

Yuan weakens slightly

China's yuan was slightly weaker against the dollar by midday on Tuesday, having fluctuated in a narrow range. The People's Bank of China set the midpoint rate at 6.9462 per dollar prior to the market opening, weaker than the previous fix of 6.9459. The s
Published 28 Dec, 2016 12:00am
Aussie, kiwi seen soft
Currency

Aussie, kiwi seen soft

Analysts see the Australian and New Zealand dollars staying low, reflecting expectations of US dollar strength on wagers of higher inflation and interest rate in the United States. A Reuters poll of 51 analysts saw the Aussie slipping to $0.7400 in one mo
Published 28 Dec, 2016 12:00am
Ukraine to defend hryvnia with $80 million sale
Currency

Ukraine to defend hryvnia with $80 million sale

The Ukrainian central bank said it would sell up to $80 million on Tuesday to defend the hryvnia from seasonal swings, adding that it had sufficient tools to smooth excessive fluctuations in the currency. The hryvnia traded at an average of 26.63 to the d
Published 28 Dec, 2016 12:00am
Ukraine to defend hryvnia with $80 million sale
Currency

Ukraine to defend hryvnia with $80 million sale

The Ukrainian central bank said it would sell up to $80 million on Tuesday to defend the hryvnia from seasonal swings, adding that it had sufficient tools to smooth excessive fluctuations in the currency. The hryvnia traded at an average of 26.63 to the d
Published 28 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 Tuesday 78.70-78.80 (previous 78.78-78.80).
Published 28 Dec, 2016 12:00am
Asia forex: Won hits 9-1/2 month low
Currency

Asia forex: Won hits 9-1/2 month low

The South Korean won touched a nine-and-a-half-month low against the dollar on Tuesday, with most Asian currencies retreating as a rise in US bond yields helped bolster the greenback. The won led losses among Asian currencies with a drop of 0.4 percent on
Published 28 Dec, 2016 12:00am
Sri Lankan rupee ends steady
Currency

Sri Lankan rupee ends steady

The Sri Lankan rupee ended steady on Tuesday after earlier falling on thin importer dollar demand, dealers said, even as the market looked for cues after the central bank said currency depreciation was not necessarily negative for the economy. The central
Published 28 Dec, 2016 12:00am
Dollar gains, sterling slides in Europe
Currency

Dollar gains, sterling slides in Europe

The dollar inched higher against the yen and a handful of other major currencies in holiday-thinned trade on Tuesday, with sterling by far the biggest faller as concerns over next year's Brexit negotiations continued to weigh heavily. Going into the final
Published 28 Dec, 2016 12:00am
Early trade in New York: Dollar gains against yen
Currency

Early trade in New York: Dollar gains against yen

The US dollar rose against the yen on Tuesday on stronger-than-expected US housing data and expectations for a hawkish Federal Reserve, but remained below a recent 10-month high in thin holiday trading. The S&P CoreLogic Case-Shiller composite index of ho
Published 28 Dec, 2016 12:00am
Dollar edges up in Asia
Currency

Dollar edges up in Asia

The dollar inched up against the yen and euro on Tuesday as some investors emerged out of the holiday lull to hunt for bargains as the market entered the last trading stretch of the year. The euro slipped 0.2 percent to $1.0435 after climbing overnight to
Published 28 Dec, 2016 12:00am
Canadian dollar set to rebound
Currency

Canadian dollar set to rebound

The Canadian dollar will strengthen over the coming year, paring some recent losses, as higher oil prices offset higher interest rates from the US Federal Reserve and a more dovish stance from the Bank of Canada, a Reuters poll found. The currency is fore
Published 28 Dec, 2016 12:00am
European shares steady in quiet trade, Parmalat soars

European shares steady in quiet trade, Parmalat soars

European shares steadied on Tuesday as trading in some markets resumed after the Christmas break, with Parmalat soaring after its French owner announced a buyout of the Italian dairy group. The pan-European STOXX 600 index was up 0.1 percent at its close
Published 28 Dec, 2016 12:00am
Bosnia region raises $21.3 million via three-year bond

Bosnia region raises $21.3 million via three-year bond

Bosnia's autonomous Bosniak-Croat Federation raised 40 million Bosnian marka ($21.3 million) on Tuesday via an auction of three-year domestic bonds to help plug a budget gap. Bids totalled 99.5 million marka, data from the Sarajevo Stock Exchange (SASE) s
Published 28 Dec, 2016 12:00am
Bosnia region raises $21.3 million via three-year bond

Bosnia region raises $21.3 million via three-year bond

Bosnia's autonomous Bosniak-Croat Federation raised 40 million Bosnian marka ($21.3 million) on Tuesday via an auction of three-year domestic bonds to help plug a budget gap. Bids totalled 99.5 million marka, data from the Sarajevo Stock Exchange (SASE) s
Published 28 Dec, 2016 12:00am
China stocks down

China stocks down

China's main stock indexes inched down in light trading on Tuesday as many investors shrugged off data showing solid profit growth for the industrial sector in November. The CSI300 index fell 0.2 percent, to 3,316.65 points, while the Shanghai Composite I
Published 28 Dec, 2016 12:00am
Indian shares rise; IT, pharma stocks boost
Currency

Indian shares rise; IT, pharma stocks boost

India's NSE index rose half a percent on Tuesday, rebounding from a seven-month low hit in the previous session, as investors bought into shares of companies such as drug makers that were hit recently. Indian shares had declined in eight out of the previo
Published 28 Dec, 2016 12:00am
Brazil stocks rise, supported by miners and steelmakers
Currency

Brazil stocks rise, supported by miners and steelmakers

Brazilian stocks rose on Tuesday, supported by shares of miners and steelmakers as iron ore prices broke a nine-day losing streak. China-listed iron ore future contracts eked out gains after falling for nine straight days. Concerns over economic growth in
Published 28 Dec, 2016 12:00am
Belgian bonds resilient as market ignores surprise downgrade

Belgian bonds resilient as market ignores surprise downgrade

Belgian bonds on Tuesday weathered an unexpected rating downgrade, highlighting a divergence between how the market and some credit agencies view the country's debt profile. Italian bonds lagged, however, with the 10-year yield rising 4 bps to 1.85 percen
Published 28 Dec, 2016 12:00am
Belgian bonds resilient as market ignores surprise downgrade

Belgian bonds resilient as market ignores surprise downgrade

Belgian bonds on Tuesday weathered an unexpected rating downgrade, highlighting a divergence between how the market and some credit agencies view the country's debt profile. Italian bonds lagged, however, with the 10-year yield rising 4 bps to 1.85 percen
Published 28 Dec, 2016 12:00am
J.P Morgan, Goldman Sachs expected to lead Altice USA listing

J.P Morgan, Goldman Sachs expected to lead Altice USA listing

Investment banks J.P. Morgan and Goldman Sachs are in pole position to be mandated to lead the initial public offering (IPO) of shares in Altice USA, three sources familiar with the matter said. In October Reuters exclusively reported that Altice USA, the
Published 28 Dec, 2016 12:00am
J.P Morgan, Goldman Sachs expected to lead Altice USA listing

J.P Morgan, Goldman Sachs expected to lead Altice USA listing

Investment banks J.P. Morgan and Goldman Sachs are in pole position to be mandated to lead the initial public offering (IPO) of shares in Altice USA, three sources familiar with the matter said. In October Reuters exclusively reported that Altice USA, the
Published 28 Dec, 2016 12:00am
Southeast Asian markets: Indonesia snaps nine-session losing streak

Southeast Asian markets: Indonesia snaps nine-session losing streak

All Southeast Asian stock markets finished in positive territory on Tuesday, with Indonesia rising 1.5 percent after nine consecutive sessions of falls. The dollar inched up against the yen and euro as some investors emerged out of the holiday lull to hun
Published 28 Dec, 2016 12:00am
Sri Lankan shares hit more than eight-month low

Sri Lankan shares hit more than eight-month low

Sri Lankan shares closed at their weakest in more than eight months in typical year-end holiday-thinned trading on Tuesday, with turnover slumping to a near 33-month low as investors stayed away. The Colombo stock index ended 0.22 percent lower at 6,202.8
Published 28 Dec, 2016 12:00am
Monday's early afternoon trade: industrials keep Dow away from 20,000

Monday's early afternoon trade: industrials keep Dow away from 20,000

US stocks pared some gains in afternoon trading on Tuesday, pulling the Dow Jones Industrial Average away from the elusive 20,000 mark as losses in industrials slightly offset gains in technology and financial shares. The bluechip index, which came within
Published 28 Dec, 2016 12:00am
Tokyo stocks snap three-day decline in thin holiday trade
Currency

Tokyo stocks snap three-day decline in thin holiday trade

Tokyo stocks ended a three-day decline Tuesday as a sliding yen encouraged investors to look for bargains, but several Asian markets remained closed for the long holiday weekend. Japanese stocks eked out a small rise, although Toshiba shares dived nearly
Published 28 Dec, 2016 12:00am
Taiwan stocks mostly flat

Taiwan stocks mostly flat

Taiwan stocks were largely flat on Tuesday in light trading ahead of the year-end, amid a lack of cues to provide direction as some major overseas markets were shut for holiday. As of 0318 GMT, the main TAIEX index was mostly unchanged at 9,114.04 points,
Published 28 Dec, 2016 12:00am
Banks boost Saudi bourse to high for year, rest of Gulf markets sluggish

Banks boost Saudi bourse to high for year, rest of Gulf markets sluggish

Banking shares boosted Saudi Arabia's stock index on Tuesday to its highest level this year, while other Gulf markets moved little in quiet trade with some foreign investors absent for New Year holidays. The Saudi index closed up 1.3 percent at 7,257 poin
Published 28 Dec, 2016 12:00am
Thai economy to expand 3.3 percent this year, higher 2017 growth

Thai economy to expand 3.3 percent this year, higher 2017 growth

Thailand's economy can still expand 3.3 percent this year thanks to short-term stimulus measures, and extra fiscal spending should lift the growth rate to 3.6-3.7 percent next year, the finance minister said on Wednesday. Since taking power in May 2014 to
Published 28 Dec, 2016 12:00am
China, El Salvador ties unchanged despite Taiwan visit: El Salvador

China, El Salvador ties unchanged despite Taiwan visit: El Salvador

China has not signalled a desire to change its relationship with El Salvador, El Salvador's foreign Minister said on Monday, as his country prepares to host Taiwan's president after she held a controversial call with US President-elect Donald Trump. Taiwa
Published 28 Dec, 2016 12:00am
Poland expects more foreign owners to sell banks in 2017

Poland expects more foreign owners to sell banks in 2017

Poland expects more foreign bank owners to sell their holdings in the country in 2017 following UniCredit's sale of the country's second largest lender, Deputy Prime Minister Mateusz Morawiecki said on Wednesday. Raiffeisen has so far failed to find a buy
Published 28 Dec, 2016 12:00am
No sign of eurozone fiscal stimulus in 2017 borrowing estimates

No sign of eurozone fiscal stimulus in 2017 borrowing estimates

Calls for euro zone governments to ramp up spending to bolster their economies are falling on deaf ears, estimates of member states' borrowing in bond markets next year suggest. Commerzbank, Morgan Stanley and ING expect debt sales to rise by 20-40 billio
Published 28 Dec, 2016 12:00am
US consumers ebullient; home prices gain

US consumers ebullient; home prices gain

US consumer confidence shot to its highest in more than 15 years in December as Americans saw more strength ahead in business conditions, stock prices and the job market following the election of Donald Trump as president in November. House prices continu
Published 28 Dec, 2016 12:00am
Brazil posts worst-ever primary deficit for November

Brazil posts worst-ever primary deficit for November

Brazil posted its worst-ever primary budget deficit for the month of November, erasing all of the gains recorded in the previous month and highlighting the government's lingering challenge to rebalance the depleted public accounts. The country's primary b
Published 28 Dec, 2016 12:00am
Cuba's economy shrinks

Cuba's economy shrinks

Cuba's economy shrank 0.9 percent this year due to a fall in exports to its oil-producing allies as they struggled with the long slump in global fuel prices, its economy minister told the National Assembly on Tuesday in a closed-door speech. The figure su
Published 28 Dec, 2016 12:00am
Bangladesh factories sack 1,500 workers after protests

Bangladesh factories sack 1,500 workers after protests

Bangladesh garment manufacturers have sacked at least 1,500 workers, police said Tuesday, after protests over pay led to a week-long shutdown at dozens of factories supplying top Western brands. Tens of thousands of workers walked out of factories in the
Published 28 Dec, 2016 12:00am
Tata sues ex-chief for alleged breach of confidentiality

Tata sues ex-chief for alleged breach of confidentiality

Indian salt-to-steel conglomerate Tata upped the ante in their bitter dispute with ousted former chairman Cyrus Mistry on Tuesday, saying they were suing him for breach of confidentiality. Tata Sons, the holding company of India's sprawling $103 billion T
Published 28 Dec, 2016 12:00am
Japan logs ninth monthly price fall in November

Japan logs ninth monthly price fall in November

Japan's consumer prices fell for the ninth straight month in November, official data showed Tuesday, while household spending declined and unemployment ticked up. It was a further blow to efforts from the government and the Bank of Japan to pump up the wo
Published 28 Dec, 2016 12:00am
India bans foreign funds of 20,000 charities

India bans foreign funds of 20,000 charities

India's government has banned some 20,000 charities from accepting overseas funds because they failed to comply with the rules, a home ministry official said Tuesday. KS Dhatwalia, a spokesman for the federal home ministry which revoked the licences, told
Published 28 Dec, 2016 12:00am
Single bidder for Korean shipbuilder STX French unit

Single bidder for Korean shipbuilder STX French unit

A South Korean court handling the bankruptcy case of STX Offshore and Shipbuilding Co, said Tuesday that only a single bidder had submitted a binding proposal to buy the shipyard's profitable French unit. Italian shipbuilding giant Fincantieri SpA, Nether
Published 28 Dec, 2016 12:00am
Expect the unexpected in 2017, German industry leaders warn

Expect the unexpected in 2017, German industry leaders warn

The Brexit vote, the US presidential election and nationalism and terror attacks at home are all casting shadows on Germany's economic outlook for 2017, several industry leaders said in a Reuters survey. The leaders of the German Industry Association (BDI
Published 28 Dec, 2016 12:00am
Vietnamese coffee prices dip in holiday season

Vietnamese coffee prices dip in holiday season

Vietnamese coffee prices dipped in a quiet market amid the holiday season, while traders were concerned over bean quality due to rain earlier this month, traders said on Tuesday. Prolonged rain in Vietnam's Central Highlands coffee belt earlier this month
Published 28 Dec, 2016 12:00am
Cotton prices fall modestly on lacklustre business
Cotton

Cotton prices fall modestly on lacklustre business

As a result of ginners' reluctance in fresh purchasing, caused decline in rates on the cotton market on Tuesday, dealers said. The official spot rate after maintaining a stable trend for a long time came down modestly, shedding Rs 50 to Rs 6200, dealers s
Published 28 Dec, 2016 12:00am
Activities of Karachi Port

Activities of Karachi Port

The Karachi Port handled 82,833 tonnes of cargo comprising 64,019 tonnes of import cargo and 18,814 tonnes of export cargo including 3,125 loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 64,0
Published 28 Dec, 2016 12:00am
Chinese coking coal, coke prices extend losses on profit taking

Chinese coking coal, coke prices extend losses on profit taking

Chinese coke and coking coal futures sank for a fourth straight session, as speculative investors continued to take profits from the weeks-long rally in steelmaking raw materials amid concerns about demand as Beijing cracks down on excess steel capacity.
Published 28 Dec, 2016 12:00am
Mexico's January gasoline prices to rise over 20 percent

Mexico's January gasoline prices to rise over 20 percent

Mexico's finance ministry said on Tuesday local gasoline prices will rise by as much as 20.1 percent from January 1 as part of a fuel sector liberalisation program that seeks to end years of government-set pump prices. In a statement, the ministry said th
Published 28 Dec, 2016 12:00am
Low water hindering Rhine and Danube shipping in Germany

Low water hindering Rhine and Danube shipping in Germany

Shallow water after dry weather over the past few weeks is continuing to prevent cargo vessels from sailing fully loaded on the Rhine and Danube rivers in Germany, traders said on Tuesday. Loads having to be divided among several vessels instead of being
Published 28 Dec, 2016 12:00am
Indian soyaoil futures rise

Indian soyaoil futures rise

Indian soyaoil futures rose on Tuesday, tracking gains in Malaysian palm oil and other overseas markets. The Dalian soyabean oil contract for May rose 1.8 percent, while the March soyabean oil contract on the Chicago Board Of Trade was up 1.3 percent. Mal
Published 28 Dec, 2016 12:00am
German roaster raises coffee prices

German roaster raises coffee prices

Leading German coffee roaster Tchibo said on Tuesday it is increasing its retail coffee prices because of high coffee futures and the weaker euro. As an example, the price for a 500 gramme pack of Tchibo's top selling brand, Fine Mild, will rise on Januar
Published 28 Dec, 2016 12:00am
Weather good for Ivorian main cocoa crop

Weather good for Ivorian main cocoa crop

Patchy light rains mixed with hot weather and mild Harmattan winds last week in most of Ivory Coast's main cocoa growing regions should boost next year's crop, farmers said on Tuesday, but demand from buyers has slackened due to low global prices. The Har
Published 28 Dec, 2016 12:00am
Asian naphtha crack nears four-week high

Asian naphtha crack nears four-week high

Asia's naphtha crack rebounded on Tuesday to reach an almost four-week high of $74.45 a tonne, supported by gasoline and steady demand from North Asian petrochemical makers. Taiwanese Formosa Petrochemical Corp, Asia's top naphtha importer, was seeking th
Published 28 Dec, 2016 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,028. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 2.08 billion and the number of lots traded was 5,926. Major business was contributed by curre
Published 28 Dec, 2016 12:00am
PPIB bringing the generation adequacy

PPIB bringing the generation adequacy

Private Power & Infrastructure Board (PPIB), since its creation in 1994 as "One Stop Organisation" on behalf of Government of Pakistan with the mandate to promote private investment in Power Sector, has been significantly contributing in economic developm
Published 28 Dec, 2016 12:00am
NTDC committed to meeting the mammoth tasks

NTDC committed to meeting the mammoth tasks

The government of Pakistan is all set to eliminate interminable energy crisis from the country. In a bid to increase power generation, the government has launched several Coal Fired, Hydropower, RLNG, Solar and Wind power projects with cumulative capacity
Published 28 Dec, 2016 12:00am
The Hub Power Company Limited

The Hub Power Company Limited

The Hub Power Company Ltd is the largest independent Power Producer (IPP) in the country with a combined power generation capacity of over 1601 MW. Our Hub Plant, situated at Mouza Kund, Hub in Baluchistan, is one of the most efficient RFO fired thermal p
Published 28 Dec, 2016 12:00am
Functions of PPIB

Functions of PPIB

MISSION STATEMENT: To promote and facilitate private sector participation in the Pakistan Power Sector in an efficient, fair and transparent manner, with coherent efforts of key stakeholders, in line with the Private Power Policies of GOP and the electric
Published 28 Dec, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 28 Dec, 2016 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 28 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 28 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 28 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 Tuesday (December 27, 2016).

Published 28 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 Tuesday (December 27, 2016).

Published 28 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 Tuesday (December 27, 2016).

Published 28 Dec, 2016 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (December 27, 2016).
Published 28 Dec, 2016 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (December 27, 2016).

Published 28 Dec, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (December 26, 2016).

Published 28 Dec, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (December 26, 2016).

Published 28 Dec, 2016 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (December 26, 2016).

Published 28 Dec, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Tuesday (December 26, 2016).

Published 28 Dec, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Tuesday (December 26, 2016).

Published 28 Dec, 2016 12:00am
Bilawal shows he's learning the ropes fast enough

Bilawal shows he's learning the ropes fast enough

Chairman Pakistan People's Party (PPP) Bilawal Bhutto Zardari has said that his party has planned to hold a 'long march' in order to get his four demands met by the government. He was addressing a gathering in connection with 9th death anniversary of his
Published 28 Dec, 2016 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Tuesday (December 26, 2016).

Published 28 Dec, 2016 12:00am
Bilawal shows he's learning the ropes fast enough

Bilawal shows he's learning the ropes fast enough

Chairman Pakistan People's Party (PPP) Bilawal Bhutto Zardari has said that his party has planned to hold a 'long march' in order to get his four demands met by the government. He was addressing a gathering in connection with 9th death anniversary of his
Published 28 Dec, 2016 12:00am
Zardari, son decide to contest National Assembly by-elections

Zardari, son decide to contest National Assembly by-elections

Former president and co-chairman Pakistan People's Party (PPP) Asif Ali Zardari announced on Tuesday that he along with party chairman Bilawal Bhutto Zardari will be contesting National Assembly elections to be a part of the parliament. The PPP co-chairma
Published 28 Dec, 2016 12:00am
Zardari, son decide to contest National Assembly by-elections

Zardari, son decide to contest National Assembly by-elections

Former president and co-chairman Pakistan People's Party (PPP) Asif Ali Zardari announced on Tuesday that he along with party chairman Bilawal Bhutto Zardari will be contesting National Assembly elections to be a part of the parliament. The PPP co-chairma
Published 28 Dec, 2016 12:00am
LNG deal with Qatar criticised

LNG deal with Qatar criticised

Former president Asif Ali Zardari has accused Prime Minister Nawaz Sharif of putting the national security at stake by energy deals with Qatar. Aaj News reported on Tuesday that Zardari expressed these views while speaking at a public meeting of the suppo
Published 28 Dec, 2016 12:00am
LNG deal with Qatar criticised

LNG deal with Qatar criticised

Former president Asif Ali Zardari has accused Prime Minister Nawaz Sharif of putting the national security at stake by energy deals with Qatar. Aaj News reported on Tuesday that Zardari expressed these views while speaking at a public meeting of the suppo
Published 28 Dec, 2016 12:00am
LNG deal with Qatar criticised

LNG deal with Qatar criticised

Former president Asif Ali Zardari has accused Prime Minister Nawaz Sharif of putting the national security at stake by energy deals with Qatar. Aaj News reported on Tuesday that Zardari expressed these views while speaking at a public meeting of the suppo
Published 28 Dec, 2016 12:00am
LNG deal with Qatar criticised

LNG deal with Qatar criticised

Former president Asif Ali Zardari has accused Prime Minister Nawaz Sharif of putting the national security at stake by energy deals with Qatar. Aaj News reported on Tuesday that Zardari expressed these views while speaking at a public meeting of the suppo
Published 28 Dec, 2016 12:00am
Government spending Rs 70 billion to raise civil armed forces: Nisar

Government spending Rs 70 billion to raise civil armed forces: Nisar

Interior Minister Chaudhry Nisar Ali Khan has said Rs 70 billion is being spent by the federal government to raise wings of civil armed forces for effective border management and internal security. The Interior Minister was briefing Prime Minister Nawaz S
Published 28 Dec, 2016 12:00am
Government spending Rs 70 billion to raise civil armed forces: Nisar

Government spending Rs 70 billion to raise civil armed forces: Nisar

Interior Minister Chaudhry Nisar Ali Khan has said Rs 70 billion is being spent by the federal government to raise wings of civil armed forces for effective border management and internal security. The Interior Minister was briefing Prime Minister Nawaz S
Published 28 Dec, 2016 12:00am
Toxic liquor kills 31 in Toba Tek Singh

Toxic liquor kills 31 in Toba Tek Singh

The death toll of the people who consumed toxic liquor in Toba Tek Singh on Christmas Eve reached to 31 on Tuesday as two more victims died in the central Punjab city, police officials said. Around 40 people affected and scores of them said to be in a cri
Published 28 Dec, 2016 12:00am
Toxic liquor kills 31 in Toba Tek Singh

Toxic liquor kills 31 in Toba Tek Singh

The death toll of the people who consumed toxic liquor in Toba Tek Singh on Christmas Eve reached to 31 on Tuesday as two more victims died in the central Punjab city, police officials said. Around 40 people affected and scores of them said to be in a cri
Published 28 Dec, 2016 12:00am
MoC agrees to support sugar export

MoC agrees to support sugar export

Ministry of Commerce (MoC) has reportedly agreed to support export of 225,000 tons of sugar on the recommendation of Sugar Advisory Board (SAB) by March 31, 2017 without any export rebate, well-informed sources told Business Recorder. Commerce Mini
Published 28 Dec, 2016 12:00am
MoC agrees to support sugar export

MoC agrees to support sugar export

Ministry of Commerce (MoC) has reportedly agreed to support export of 225,000 tons of sugar on the recommendation of Sugar Advisory Board (SAB) by March 31, 2017 without any export rebate, well-informed sources told Business Recorder. Commerce Mini
Published 28 Dec, 2016 12:00am
MoC agrees to support sugar export

MoC agrees to support sugar export

Ministry of Commerce (MoC) has reportedly agreed to support export of 225,000 tons of sugar on the recommendation of Sugar Advisory Board (SAB) by March 31, 2017 without any export rebate, well-informed sources told Business Recorder. Commerce Mini
Published 28 Dec, 2016 12:00am
Influence of IS increasing in Afghanistan

Influence of IS increasing in Afghanistan

Russia, China and Pakistan warned on Tuesday that the influence of Islamic State (IS) was growing in Afghanistan and that the security situation there was deteriorating. Representatives from the three countries, meeting in Moscow, also agreed to invite th
Published 28 Dec, 2016 12:00am
Influence of IS increasing in Afghanistan

Influence of IS increasing in Afghanistan

Russia, China and Pakistan warned on Tuesday that the influence of Islamic State (IS) was growing in Afghanistan and that the security situation there was deteriorating. Representatives from the three countries, meeting in Moscow, also agreed to invite th
Published 28 Dec, 2016 12:00am
Influence of IS increasing in Afghanistan

Influence of IS increasing in Afghanistan

Russia, China and Pakistan warned on Tuesday that the influence of Islamic State (IS) was growing in Afghanistan and that the security situation there was deteriorating. Representatives from the three countries, meeting in Moscow, also agreed to invite th
Published 28 Dec, 2016 12:00am
Italy set to pump 6.5 billion euros into Monte Paschi rescue

Italy set to pump 6.5 billion euros into Monte Paschi rescue

The Italian government is likely to put in around 6.5 billion euros ($6.8 billion) to rescue the country's third biggest lender Monte dei Paschi di Siena, more than initially expected, sources close to the matter said on Tuesday. The higher cost of the st
Published 28 Dec, 2016 12:00am
Italy set to pump 6.5 billion euros into Monte Paschi rescue

Italy set to pump 6.5 billion euros into Monte Paschi rescue

The Italian government is likely to put in around 6.5 billion euros ($6.8 billion) to rescue the country's third biggest lender Monte dei Paschi di Siena, more than initially expected, sources close to the matter said on Tuesday. The higher cost of the st
Published 28 Dec, 2016 12:00am
Italy set to pump 6.5 billion euros into Monte Paschi rescue

Italy set to pump 6.5 billion euros into Monte Paschi rescue

The Italian government is likely to put in around 6.5 billion euros ($6.8 billion) to rescue the country''s third biggest lender Monte dei Paschi di Siena, more than initially expected, sources close to the matter said on Tuesday. The higher cost of the s
Published 28 Dec, 2016 12:00am
IPC ministry to be renamed at CCI Secretariat

IPC ministry to be renamed at CCI Secretariat

The government has decided to rename the Ministry of Inter-Provincial Co-ordination (IPC) as Council of Common Interests (CCI) Secretariat with a view to reflecting its functions, official sources told Business Recorder. Federal Cabinet, sources sa
Published 28 Dec, 2016 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 28 Dec, 2016 12:00am
IPC ministry to be renamed at CCI Secretariat

IPC ministry to be renamed at CCI Secretariat

The government has decided to rename the Ministry of Inter-Provincial Co-ordination (IPC) as Council of Common Interests (CCI) Secretariat with a view to reflecting its functions, official sources told Business Recorder. Federal Cabinet, sources sa
Published 28 Dec, 2016 12:00am
IPC ministry to be renamed at CCI Secretariat

IPC ministry to be renamed at CCI Secretariat

The government has decided to rename the Ministry of Inter-Provincial Co-ordination (IPC) as Council of Common Interests (CCI) Secretariat with a view to reflecting its functions, official sources told Business Recorder. Federal Cabinet, sources sa
Published 28 Dec, 2016 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 28 Dec, 2016 12:00am
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