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Archive - 2017-01-19
FBR seeks budget estimates from field offices
Budgets

FBR seeks budget estimates from field offices

ISLAMABAD: The Federal Board of Revenue (FBR) has directed all its field offices to submit their estimates for upcoming budget (2017-18) as well as for Medium-Term Budget (2017-20).
Updated 25 May, 2017 10:24am
'Cool' Washington bids Obama farewell
North America

'Cool' Washington bids Obama farewell

WASHINGTON: Ten days before his 2009 inauguration, Barack Obama stopped at Ben's Chili Bowl, a favorite eatery in Washington's U Street corridor, for a beloved chili half-smoke sausage.
Published 19 Jan, 2017 06:08pm
Timeline of events for Trump's inauguration
Front Top News

Timeline of events for Trump's inauguration

WASHINGTON: The inauguration of Donald Trump as America's 45th president is the highlight of several days of pomp and circumstance in the US capital.
Published 19 Jan, 2017 06:04pm
Mali blast death toll rises to over 70
Africa

Mali blast death toll rises to over 70

BAMAKO: More than 70 people died in a suicide bomb attack in Mali targeting militia groups committed to restoring peace in the African country, according to an updated toll Thursday.
Published 19 Jan, 2017 06:03pm
Trump speech to be personal, philosophical
Front Top News

Trump speech to be personal, philosophical

WASHINGTON: Donald Trump's inaugural address will be a personal and philosophical one that lays out how he sees America, rather than push his agenda as president, his spokesman said Thursday.
Published 19 Jan, 2017 05:51pm
Alibaba's Ma makes star turn as Davos pivots to China
World Top News

Alibaba's Ma makes star turn as Davos pivots to China

DAVOS: President Xi Jinping wowed the audience in Davos with his exaltation of globalisation, but China's real "Davos Man" may be the omnipresent and deal-hungry founder of Alibaba, Jack Ma.
Published 19 Jan, 2017 05:48pm
PPP rally reaches Faisalabad
Pakistan Top News

PPP rally reaches Faisalabad

FAISALABAD: The Pakistan Peoples Party (PPP) rally led by its Chairman Bilawal Bhutto Zardari started from Bilawal House Lahore on Thursday morning reached here.
Published 19 Jan, 2017 05:37pm
C$ hits 2-week low as greenback climbs
Financial

C$ hits 2-week low as greenback climbs

TORONTO: The Canadian dollar weakened to a two-week low against its US counterpart on Thursday, one day after the Bank of Canada left the door open to cutting interest rates, as broader gains for the greenback offset higher oil prices and firm domestic da
Published 19 Jan, 2017 05:03pm
Nadal smashes through Baghdatis to reach third round
Sports

Nadal smashes through Baghdatis to reach third round

MELBOURNE: Hours after reigning champion Novak Djokovic crashed out of the Australian Open on Thursday, Rafael Nadal raised hopes of filling the power vacuum after demolishing Marcos Baghdatis 6-3 6-1 6-3 to reach the third round.
Published 19 Jan, 2017 05:03pm
ECB maintains stimulus, tells critics: Be Patient
Money & Banking

ECB maintains stimulus, tells critics: Be Patient

FRANKFURT: The European Central Bank kept its super-easy monetary policy unchanged as expected on Thursday and its president, Mario Draghi, told critics of his stimulus path to be patient and wait for the euro zone's recovery to take firm hold.
Published 19 Jan, 2017 05:00pm
Army mutiny exposes cracks in Ivory Coast success story
Africa

Army mutiny exposes cracks in Ivory Coast success story

ABIDJAN: Ivory Coast's President Alassane Ouattara has seduced foreign investors with his single-minded focus on economic reform and growth but entrenched problems within the security forces threaten to undermine a much-lauded recovery.
Published 19 Jan, 2017 05:00pm
Egypt tumbles on stamp duty worry, Q4 earnings support Saudi
Financial

Egypt tumbles on stamp duty worry, Q4 earnings support Saudi

DUBAI: Egypt's blue-chip stock index tumbled on Thursday after Reuters reported that authorities were considering temporarily reintroducing a stamp duty on stock market transactions, while Saudi Arabia was supported by quarterly corporate earnings.
Published 19 Jan, 2017 04:54pm
Euro zone inflation rise not convincing: Draghi
World

Euro zone inflation rise not convincing: Draghi

FRANKFURT: Rising inflation in the euro zone is primarily being driven by fluctuating energy prices and there are no signs it is sustainable, European Central Bank President Mario Draghi said on Thursday.
Published 19 Jan, 2017 04:52pm
Brazil's central bank says inflation fight on right path
World

Brazil's central bank says inflation fight on right path

BRASILIA: Brazil is going in the right direction in terms of inflation and inflation expectations, central bank governor Ilan Goldfajn said on Thursday, after mid-January data showed prices rose at the slowest pace in nearly three years.
Published 19 Jan, 2017 04:49pm
OPEC output cuts under scrutiny as market tightens
Energy

OPEC output cuts under scrutiny as market tightens

LONDON: World oil markets are slowly tightening as demand rises while investors wait to see if production cuts agreed by OPEC and other producers will be implemented as promised, the International Energy Agency (IEA) said on Thursday.
Published 19 Jan, 2017 04:44pm
India beat England in 2nd ODI, clinch series
Cricket

India beat England in 2nd ODI, clinch series

CUTTACK: Veterans Yuvraj Singh and Mahendra Singh Dhoni turned back the clock with blistering centuries to set up India's series clinching 15-run win against England in the second one-day international in Cuttack on Thursday.
Published 19 Jan, 2017 04:21pm
Pakistan offers investment friendly environment: PM
Pakistan Top News

Pakistan offers investment friendly environment: PM

DAVOS: Prime Minister Muhammad Nawaz Sharif Thursday said his government had devised a comprehensive plan to create investment friendly environment and was liberalizing its policies to welcome foreign entrepreneurs.
Published 19 Jan, 2017 02:40pm
Finance Minister to visit FPCCI, PSX on Jan 20
General News

Finance Minister to visit FPCCI, PSX on Jan 20

KARACHI: Federal Minister for Finance and Economic Affairs Senator Muhammad Ishaq Dar will visit Pakistan Stock Exchange (PSX), and Federation of Pakistan Chambers of Commerce and Industry on Friday.
Published 19 Jan, 2017 02:35pm
Nadal blitzes Baghdatis to reach third round
Sports

Nadal blitzes Baghdatis to reach third round

MELBOURNE: Rafael Nadal set up an enticing third-round showdown with rising German star Alexander Zverev after powering past Marcos Baghdatis at the Australian Open on Thursday.
Published 19 Jan, 2017 02:19pm
US jobless claims fall in mid-January
World

US jobless claims fall in mid-January

WASHINGTON: New claims for US unemployment benefits fell in the second week of January, pulling the four-week average down to a 43-year low, the Labor Department reported Thursday.
Published 19 Jan, 2017 02:18pm
Honouring IWT in interest of both Pakistan and India: Dar
Pakistan Top News

Honouring IWT in interest of both Pakistan and India: Dar

ISLAMABAD: Finance Minister, Mohammad Ishaq Dar said Thursday that it was in the interest of both the countries (Pakistan and India) to continue to honour and implement the terms of the Indus Waters Treaty (IWT).
Published 19 Jan, 2017 01:34pm
WATCH: Misbah ul Haq and Ali Zafar compete in push-ups contest
Cricket

WATCH: Misbah ul Haq and Ali Zafar compete in push-ups contest

As Pakistan Super Leagues second edition nears, its high time for superstar Ali Zafar and Pakistan cricket test skipper Misbah ul Haq to reignite the spirit of cricket, after the actor uploaded a video on his social media account showing him doing push-up
Published 19 Jan, 2017 01:32pm
SC to stop political comments outside court, Saad appeals
Front Top News

SC to stop political comments outside court, Saad appeals

ISLAMABAD: Minister for Railways, Khawaja Saad Rafique, Thursday appealed to the Supreme Court (SC) to take notice of comments being made by the political parties outside SC over its observations, remarks and questions during the proceeding of the Panama
Published 19 Jan, 2017 01:20pm
Iran looks to Syria talks to boost regional clout
World Top News

Iran looks to Syria talks to boost regional clout

TEHRAN: Iran is looking to Syria peace talks next week as a chance to build on its regional clout, experts say, as Tehran, Moscow and Ankara all stake out claims for influence.
Published 19 Jan, 2017 12:52pm
India post 381-6 in second England ODI
Cricket

India post 381-6 in second England ODI

CUTTACK: Centuries from veterans Yuvraj Singh and Mahendra Singh Dhoni helped India post a mammoth 381 for six against England in their second one-day international in Cuttack on Thursday.
Published 19 Jan, 2017 12:22pm
Dominant Serena powers on in Melbourne
Sports

Dominant Serena powers on in Melbourne

MELBOURNE: Powerhouse Serena Williams swept past Lucie Safarova and into the Australian Open third round on Thursday to keep her Grand Slam record hunt firmly on track.
Published 19 Jan, 2017 11:57am
Eclectic Resonance by Audun Rikardsen
Featured Photos

Eclectic Resonance by Audun Rikardsen

Photo Credit: Audun Rikardsen%Dudun Rikardsen is a talented self-taught photographer, who raised in a fishing community in northern Norway and has always been fascinated by the Arctic coasts wildlife.
Published 19 Jan, 2017 11:51am
Fragmented Cognizance by Audun Rikardsen
Featured Photos

Fragmented Cognizance by Audun Rikardsen

Photo Credit: Audun Rikardsen%Dudun Rikardsen is a talented self-taught photographer, who raised in a fishing community in northern Norway and has always been fascinated by the Arctic coasts wildlife.
Published 19 Jan, 2017 11:49am
France says 'no punishment' over Brexit
Europe

France says 'no punishment' over Brexit

PARIS: France has no intention of "punishing" Britain over Brexit, the French foreign minister said Thursday in response to comments from his British counterpart Boris Johnson.
Published 19 Jan, 2017 11:46am
Blue Streak by Audin Rikardsen
Featured Photos

Blue Streak by Audin Rikardsen

Photo Credit: Audin Rikardsen%Dudun Rikardsen is a talented self-taught photographer, who raised in a fishing community in northern Norway and has always been fascinated by the Arctic coasts wildlife.
Published 19 Jan, 2017 11:44am
Paradigm Lost by Chris Becker
Featured Photos

Paradigm Lost by Chris Becker

Photo Credit: Chris Becker%Dhris Becker is a 46-year-old fine art and documentary photographer, who was born and raised in Minnesota and currently lives and works in Kennebunkport, ME, USA.
Published 19 Jan, 2017 11:39am
Arctic Burst by Chris Becker
Featured Photos

Arctic Burst by Chris Becker

Photo Credit: Chris Becker%Dhris Becker is a 46-year-old fine art and documentary photographer, who was born and raised in Minnesota and currently lives and works in Kennebunkport, ME, USA.
Published 19 Jan, 2017 11:37am
Sunset Ride by Chris Becker
Featured Photos

Sunset Ride by Chris Becker

Photo Credit: Chris Becker%Dhris Becker is a 46-year-old fine art and documentary photographer, who was born and raised in Minnesota and currently lives and works in Kennebunkport, ME, USA.
Published 19 Jan, 2017 11:34am
Decaying Cityscapes by Charles Lawson
Featured Photos

Decaying Cityscapes by Charles Lawson

Photo Credit: Charles Lawson%Dharles Lawson is a talented 28-year-old freelance photographer, designer and architect from Ghana, West Africas Gulf of Guinea.
Published 19 Jan, 2017 11:30am
Djokovic suffers biggest loss of his career
Sports

Djokovic suffers biggest loss of his career

MELBOURNE: Novak Djokovic suffered arguably the biggest defeat of his career when he crashed out of the Australian Open to 117th-ranked Uzbek Denis Istomin on Thursday, extending his mystifying slump in form.
Published 19 Jan, 2017 11:29am
Ollie by Charles Lawson
Featured Photos

Ollie by Charles Lawson

Photo Credit: Charles Lawson%Dharles Lawson is a talented 28-year-old freelance photographer, designer and architect from Ghana, West Africas Gulf of Guinea.
Published 19 Jan, 2017 11:19am
RECORDER REPORT-PSX close of day
Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Thursday having 49013.
Published 19 Jan, 2017 11:01am
Pakistan ready to do business with the world: PM
Pakistan Top News

Pakistan ready to do business with the world: PM

DAVOS: Prime Minister Muhammad Nawaz Sharif said that Pakistan was being now on the track of sustainable growth and was "ready to do business with the world".
Published 19 Jan, 2017 10:49am
PM seeking constitutional immunity: Imran Khan
Front Top News

PM seeking constitutional immunity: Imran Khan

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan once again fired on the prime minister in a media talk, calling him the most corrupt man of the country.
Published 19 Jan, 2017 10:46am
Zardari attends Trump pre-inauguration oath ceremony
Pakistan Top News

Zardari attends Trump pre-inauguration oath ceremony

ISLAMABAD: Former president Asif Ali Zardari has attended the pre-inauguration oath ceremony of President elect of United State of America Donald Trump in Washington DC.
Published 19 Jan, 2017 10:17am
Legendry football star placed on Terror List
Football

Legendry football star placed on Terror List

Cairo: An Egyptian court has added former football star Mohammad Abu Trika to the authorities terror list, his lawyer said, based on suspicions he financed the banned Muslim Brotherhood.
Published 19 Jan, 2017 10:08am
Goldman Sachs to slash London presence due to Brexit
Europe

Goldman Sachs to slash London presence due to Brexit

FRANKFURT AM MAIN: US bank Goldman Sachs will move 1,000 staff from London to Frankfurt as part of a post-Brexit reorganisation that will reduce its City headcount by half, German business daily Handelsblatt reported Thursday.
Published 19 Jan, 2017 10:01am
Bilawal Punjab Movement reaches Sheikhupura
Pakistan Top News

Bilawal Punjab Movement reaches Sheikhupura

LAHORE: Pakistan People's Party (PPP), rally led by Chairman Bilawal Bhutto Zardari, started from Bilawal House here on Thursday has reached Sheikhupura.
Published 19 Jan, 2017 09:58am
Nawaz at WEF: wants good ties with all
Front Top News

Nawaz at WEF: wants good ties with all

DAVOS: Pakistan wants good ties with all countries in its region, Prime Minister Nawaz Sharif expressed on Wednesday in a meeting with his Sri Lankan counterpart on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland.
Published 19 Jan, 2017 09:43am
PPL - positive prospects outweigh negativities
Miscellaneous

PPL - positive prospects outweigh negativities

Finally, Pakistan Petroleum Limited (PSX: PPL) announced itsFY16 financial performance, and to no ones surprise, the oil and gas exploration and production company posted a decline in earnings for the year bitten largely by low crude oil prices.
Published 19 Jan, 2017 08:35am
Textile machinery: A look forward
Miscellaneous

Textile machinery: A look forward

Continuing our conversation on textile machinery imports (see yesterdays column), todays article looks at some underlying issues that have gone unsaid.
Published 19 Jan, 2017 08:34am
Thai Airways to probe Rolls-Royce corruption
Industry

Thai Airways to probe Rolls-Royce corruption

BANGKOK: Thailand's flagship airline on Thursday said it had launched a probe into revelations that Rolls-Royce paid millions of dollars in bribes to win contracts, including to airline employees and government officials.
Published 19 Jan, 2017 08:10am
Panamagate Case: Maryam Nawaz submits property details
Front Top News

Panamagate Case: Maryam Nawaz submits property details

ISLAMABAD: Maryam Nawazs counsel Shahid Hamid presented the details of the assets purchased in his clients name at the Supreme Court o Thursday, during the ongoing hearing of Panamagate case.
Published 19 Jan, 2017 07:57am
South Korea court rejects arrest warrant for Samsung heir
Front Top News

South Korea court rejects arrest warrant for Samsung heir

SEOUL: A South Korean court on Thursday refused to authorise the arrest of the heir to the Samsung business empire, in a setback to prosecutors probing a corruption scandal engulfing President Park Geun-Hye.
Published 19 Jan, 2017 07:48am
Hotly tipped Pliskova beginning to believe
Sports

Hotly tipped Pliskova beginning to believe

MELBOURNE: Fifth seed Karolina Pliskova continued her impressive march through the Australian Open Thursday, and is beginning to believe she could be on track for a Grand Slam to remember.
Published 19 Jan, 2017 07:44am
ECB enters 2017 in battle to hold steady course
Money & Banking

ECB enters 2017 in battle to hold steady course

FRANKFURT AM MAIN: The European Central Bank will not deviate from its ultra-loose monetary policy at its first 2017 meeting Thursday, analysts predicted, in the face of calls to tighten from critics alarmed by rising inflation.
Published 19 Jan, 2017 07:33am
Babar smashes record books yet again
Cricket

Babar smashes record books yet again

Pakistani batsman Babr Azam recorded his name in history books on Thursday , after he became the fastest Pakistani ever to reach 1,000 runs milestone in One Day Internationals (ODIs) %Dabar Azam who had a pretty off season with the bat in the recently con
Published 19 Jan, 2017 07:33am
German MPs to grill VW ex-boss over 'Dieselgate'
Industry

German MPs to grill VW ex-boss over 'Dieselgate'

BERLIN: Disgraced former Volkswagen boss Martin Winterkorn faces a grilling by German lawmakers Thursday, as accusations grow of top executives at the beleaguered auto giant colluding to cover up emissions cheating.
Published 19 Jan, 2017 07:31am
Extinct Wild Caspian Tiger to be brought back from the dead
Technology

Extinct Wild Caspian Tiger to be brought back from the dead

A subspecies of tigers, Panthera Tirgris Virgata or more commonly dubbed as the Caspian Tiger went extinct back in the 1960s, these mammoth sized wild cats could weigh more than 136 kilograms and were amongst the category of largest cats to have ever exis
Published 19 Jan, 2017 07:27am
Popular Sufi leader in Morocco dies

Popular Sufi leader in Morocco dies

The head of one of Morocco's biggest Sufi orders, with tens of thousands of followers at home and abroad, died Wednesday aged 95, an official and local media said. Sheikh Sidi Hamza al-Qadiri al-Boutchichi was the spiritual leader of the Qadiriya Boutchic
Published 19 Jan, 2017 12:00am
Merkel welcomes May's Brexit 'clarity', vows European unity

Merkel welcomes May's Brexit 'clarity', vows European unity

German Chancellor Angela Merkel on Wednesday welcomed the "clarity" provided by British Prime Minister Theresa May's speech laying out her plans for Brexit. After talks with Italian Prime Minister Paolo Gentiloni in Berlin, the leader of Europe's top econ
Published 19 Jan, 2017 12:00am
Quake-hit Italy reeling again as Italy hit by quake triple-punch

Quake-hit Italy reeling again as Italy hit by quake triple-punch

Central Italy was left reeling again Wednesday as a new wave of earthquakes brought fresh terror to a snowbound mountainous area still recovering from deadly tremors last year. Four shocks measuring more than five magnitude struck in the space of four hou
Published 19 Jan, 2017 12:00am
Caroline Kennedy steps down as US ambassador to Japan

Caroline Kennedy steps down as US ambassador to Japan

Caroline Kennedy on Wednesday stepped down as US ambassador to Japan, the embassy said, ending a three-year tenure for the rookie envoy who was welcomed into the job with movie-star fanfare. The sole surviving child of assassinated US president John F. Ke
Published 19 Jan, 2017 12:00am
US congresswoman Gabbard makes secret trip to Syria

US congresswoman Gabbard makes secret trip to Syria

A US congresswoman made a rare secret visit to Syria as part of her effort toward ending the years-long conflict in the Middle Eastern nation, her office said Wednesday. House Democrat Tulsi Gabbard, an Iraq war veteran, made a fact-finding mission to the
Published 19 Jan, 2017 12:00am
UAE court jails three on terror charges

UAE court jails three on terror charges

A UAE court on Wednesday sentenced three people to up to five years in prison after convicting them of belonging to a "terrorist organisation," state media said. The Abu Dhabi-based Federal Supreme Court handed two Emiratis jail terms ranging from one to
Published 19 Jan, 2017 12:00am
No cakewalk for birthday girl Kerber, Federer

No cakewalk for birthday girl Kerber, Federer

Roger Federer was made to work by 200th-ranked Noah Rubin at the Australian Open on Wednesday - and it was no cakewalk for birthday girl Angelique Kerber either.
Published 19 Jan, 2017 12:00am
Nishikori continues to fly Asia flag in 'home' grand slam

Nishikori continues to fly Asia flag in 'home' grand slam

Kei Nishikori swept into the third round of "The Grand Slam of the Asia-Pacific", then lamented the fact the world's most populous continent was still struggling to produce more players capable of ending their grand slam men's singles drought.
Published 19 Jan, 2017 12:00am
Berdych pulls out of Davis Cup tie

Berdych pulls out of Davis Cup tie

Tomas Berdych became the latest player to pull out of Czech Republic's first-round Davis Cup tie in Australia on March 3-5, he announced after making it through to the third round of the Australian Open on Wednesday. The 31-year-old world number 10 beat R
Published 19 Jan, 2017 12:00am
FIFA's van Basten reveals radical vision

FIFA's van Basten reveals radical vision

Time penalties instead of yellow cards, no off-side rule and more substitutions: legendary ex-striker Marco van Basten, FIFA's technical director, has a radical vision of football's future. "We must keep looking for ways to improve the game, to make it mo
Published 19 Jan, 2017 12:00am
Toure turned down huge offer from China

Toure turned down huge offer from China

Manchester City midfielder Yaya Toure has turned down a 520,000 pounds ($643,812) a week offer to play in China, his agent told Sky Sports on Tuesday. Dimitri Seluk said the 33-year-old was targeted by Chinese club Jiangsu Suning in the winter transfer wi
Published 19 Jan, 2017 12:00am
Murray hands out masterclass to reach third round

Murray hands out masterclass to reach third round

Andy Murray looked every bit the world number one as he gave Russian teenager Andrey Rublev a lesson in grand slam tennis to reach the third round of the Australian Open with a 6-3 6-0 6-2 win on Wednesday. Only a nasty tumble in the third set on Rod Lave
Published 19 Jan, 2017 12:00am
Xabi Alonso to retire in June

Xabi Alonso to retire in June

Spanish World Cup winner and double European champion Xabi Alonso is set to retire at the end of the season when his Bayern Munich contract expires, a report in Germany said. Leaders Bayern kick off the second half of the Bundesliga season at Freiburg on
Published 19 Jan, 2017 12:00am
Over 200 clubs 'impacted' in sex abuse scandal

Over 200 clubs 'impacted' in sex abuse scandal

The number of football clubs who have been brought up in the historic sex abuse enquiry which has rocked the sport has risen by 100 in the past month to 248 in figures released on Wednesday. The clubs range from Premier League to amateur level and the Nat
Published 19 Jan, 2017 12:00am
Manchester United 'first' to appoint counter-terror chief

Manchester United 'first' to appoint counter-terror chief

Manchester United have appointed a counter-terrorism manager and believe they are the first Premier League club to do so, reports said on Wednesday. The English football giants, who suffered two embarrassing security blunders in recent months, appointed a
Published 19 Jan, 2017 12:00am
PSF to hold 22 events including 10 solely for women this year

PSF to hold 22 events including 10 solely for women this year

Former World Champion and Vice President Pakistan Squash Federation Qamar Zaman Wednesday said that 22 tournaments including 10 exclusively for female would be organised this year. This he said while addressing a press conference here at Media Center of t
Published 19 Jan, 2017 12:00am
Egypt held on Cup of Nations return

Egypt held on Cup of Nations return

Essam El Hadary became the oldest player ever to appear at the Africa Cup of Nations as Egypt drew 0-0 with Mali on their return to the tournament on Tuesday. The 44-year-old goalkeeper came off the bench in the first half to replace the injured Ahmed El
Published 19 Jan, 2017 12:00am
Aussie, kiwi at multi-week highs
Currency

Aussie, kiwi at multi-week highs

The Australian dollar held near two-month highs on Wednesday as traders unwound their long positions in the greenback after US president-elect Donald Trump expressed concerns at the currency's strength. The Australian dollar stood at $0.7542, a level not
Published 19 Jan, 2017 12:00am
Pound turns around after best day since 1990s
Currency

Pound turns around after best day since 1990s

Sterling dropped back on Wednesday after making its biggest one-day gain since at least 1998 on Tuesday as Prime Minister Theresa May outlined Britain's hopes for its exit from the European Union.Sterling sliced almost 1 percent off the 3 percent surge it
Published 19 Jan, 2017 12:00am
Sri Lankan rupee weakens
Currency

Sri Lankan rupee weakens

The Sri Lankan rupee closed weaker on Wednesday due to dollar demand from importers, dealers said, as the local currency snapped two days of gains on dollar selling by foreign banks. The rupee has been under pressure due to rising imports and net selling
Published 19 Jan, 2017 12:00am
Asian currencies rise after Trump's comments
Currency

Asian currencies rise after Trump's comments

Emerging Asian currencies rose broadly on Wednesday after the dollar was pressured by US President-elect Donald Trump's comments showing concern over the greenback's strength. The Thai baht climbed to around 35.22 per US dollar at one point, its highest l
Published 19 Jan, 2017 12:00am
China's yuan, money rates firm

China's yuan, money rates firm

China's yuan firmed against the dollar on Wednesday, supported by a surge in onshore forwards late in the afternoon on expectations of tighter liquidity over the long Lunar New Year holidays. In the spot market, the yuan clawed back early losses. It opene
Published 19 Jan, 2017 12:00am
Bangladesh's inter-bank forex rates

Bangladesh's inter-bank forex rates

Inter-bank buy/sell rates for the taka against the dollar on Wednesday. 78.93-78.95 (previous 78.88-78.92).
Published 19 Jan, 2017 12:00am
Trump comments, sterling's record rise sting dollar in New York
Currency

Trump comments, sterling's record rise sting dollar in New York

The dollar fell to a four-week low on Tuesday, moving lower against all Group of 10 currencies with sterling leading the charge after a soothing speech on Brexit from British Prime Minister Theresa May triggered the pound's largest one-day percentage gain
Published 19 Jan, 2017 12:00am
Dollar recovers some ground in Europe
Currency

Dollar recovers some ground in Europe

The dollar rebounded on Wednesday after falling for five days in a row against its currency basket, as investors awaited a speech by the head of the Federal Reserve later in the day and looked to US inflation data for clues on the path of interest rates.
Published 19 Jan, 2017 12:00am
Dollar pulls away from lows in Asia
Currency

Dollar pulls away from lows in Asia

The dollar took a breather on Wednesday after falling to a seven-week low against the yen as investors await Federal Reserve Chair Janet Yellen's speech on monetary policy, while sterling gave back some of the previous session's rally. The greenback added
Published 19 Jan, 2017 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks fell on Wednesday tracking overnight weakness on Wall Street and pressured by financials such as Cathay Financial Holding. As of 0230 GMT, the main TAIEX index was down 0.2 percent at 9,338.14 points. The electronics subindex fell 0.1 percen
Published 19 Jan, 2017 12:00am
China stocks rise

China stocks rise

China's main stock indexes rose on Wednesday as some industrial heavyweights forecast sharply higher profits for 2016, but small caps wobbled near a 16-month low. The blue-chip CSI300 index rose 0.4 percent to 3,339.37 points, while the Shanghai Composite
Published 19 Jan, 2017 12:00am
Indian shares edge up

Indian shares edge up

Indian shares ended higher on Wednesday on the back of an upbeat start to the corporate earnings season and ahead of quarterly results from major banks. The broader NSE index closed up 0.23 percent at 8,417, its highest since November 10, 2016, while the
Published 19 Jan, 2017 12:00am
Sri Lankan shares down
Currency

Sri Lankan shares down

Sri Lankan stocks closed slightly weaker on Wednesday, falling for a third straight session, as investor sentiment took a hit on uncertainty over foreign investments and rising yields on short-term government securities. Yields on treasury bill auctions r
Published 19 Jan, 2017 12:00am
Australian shares drift lower

Australian shares drift lower

Australian shares tipped into negative territory on Wednesday, after Wall Street financials, transports and other big post-election gainers lost ground as earnings season kicked into gear. The S&P/ASX 200 index ended 0.36 percent, or 20.62 points, lower a
Published 19 Jan, 2017 12:00am
Treasury prices gain
Currency

Treasury prices gain

US Treasury prices gained on Tuesday on concerns about protectionist trade policies by US President-elect Donald Trump, which hurt the US dollar and increased demand for US bonds. In comments to the Wall Street Journal, Trump said a key part of the House
Published 19 Jan, 2017 12:00am
Treasury prices gain
Currency

Treasury prices gain

US Treasury prices gained on Tuesday on concerns about protectionist trade policies by US President-elect Donald Trump, which hurt the US dollar and increased demand for US bonds. In comments to the Wall Street Journal, Trump said a key part of the House
Published 19 Jan, 2017 12:00am
Hong Kong share index tops key level

Hong Kong share index tops key level

Hong Kong stocks closed at 2-1/2 month highs on Wednesday and rose above the psychologically key 23,000 level unseen in six weeks. The Hang Seng index added 1.1 percent, to 23,098.26 points, while the Hong Kong China Enterprises Index gained 1.0 percent,
Published 19 Jan, 2017 12:00am
Wall Street falls with financials, other post-election gainers

Wall Street falls with financials, other post-election gainers

US stocks fell on Tuesday, with financials, transports and other big post-election gainers losing ground as earnings season kicked into gear. Also weighing on stocks were concerns about protectionist trade policies planned by US President-elect Donald Tru
Published 19 Jan, 2017 12:00am
Wednesday's early trade: stocks little changed

Wednesday's early trade: stocks little changed

Wall Street was little changed on Wednesday as gains in technology and financial stocks offset losses in shares of retailers. The S&P 500 consumer discretionary sector was the biggest drag on the broader index, falling 0.3 percent as Target weighed. The b
Published 19 Jan, 2017 12:00am
Tokyo stocks higher
Currency

Tokyo stocks higher

Tokyo stocks closed higher Wednesday, reversing early losses on bargain hunting and as the yen retreated from a rally against the dollar. The market got off to a weak start after US President-elect Donald Trump's comment that the dollar was too strong lif
Published 19 Jan, 2017 12:00am
Saudi Electricity weighs on Riyadh index, Egypt pulls back

Saudi Electricity weighs on Riyadh index, Egypt pulls back

Shares in Saudi Electricity Co (SEC) weighed on Saudi Arabia's stock market on Wednesday after the company reported a wider net loss for the fourth quarter, while Egypt's index pulled back as local traders booked gains in blue chips.
Published 19 Jan, 2017 12:00am
Higher gasoline, rental costs boost US consumer inflation

Higher gasoline, rental costs boost US consumer inflation

US consumer prices rose in December as households paid more for gasoline and rental accommodation, leading to the largest year-on-year increase in 2-1/2 years and signalling that inflation pressures could be building.
Published 19 Jan, 2017 12:00am
Over 80 percent of US firms feel less welcome in China: survey

Over 80 percent of US firms feel less welcome in China: survey

More than 80 percent of American companies feel China is less welcoming to foreign businesses than in the past, a US business lobby group reported Wednesday, as trade tensions surge between the world's top two economies.
Published 19 Jan, 2017 12:00am
British unemployment rate at 11-year low

British unemployment rate at 11-year low

Britain's jobless rate has held steady at an 11-year low of 4.8 percent, official data showed Wednesday. The Office for National Statistics (ONS) said the September-November figure was unchanged from the reading for the quarter to the end of October.
Published 19 Jan, 2017 12:00am
Hong Kong regulator sues Standard Chartered, UBS over IPO

Hong Kong regulator sues Standard Chartered, UBS over IPO

Hong Kong's stock market regulator has filed a lawsuit against major banks Standard Chartered and UBS along with consultancy firm KPMG over a 2009 initial public offering on the city's bourse. A writ of summons to the High Court filed by the Securities an
Published 19 Jan, 2017 12:00am
Nigeria's efforts to secure international loans hit deadlock

Nigeria's efforts to secure international loans hit deadlock

Nigeria's efforts to secure funds from international lenders to help haul it out of recession have stalled because it has not submitted the required economic reform plans, according to one of the banks and sources close to the matter.
Published 19 Jan, 2017 12:00am
China 2016 home prices surge most in 5 years

China 2016 home prices surge most in 5 years

Prices of new homes in China grew last year at the fastest rate since 2011, but moderated enough in December to calm fears of a speculative bubble bursting with disastrous economic consequences.
Published 19 Jan, 2017 12:00am
Global growth outlook shaky on trade protectionism fears

Global growth outlook shaky on trade protectionism fears

The global economic outlook remains shaky, despite recent pockets of resilience, according to the overwhelming majority of economists polled by Reuters who said a rise in protectionist trade policies would hamper growth.
Published 19 Jan, 2017 12:00am
Trump traffic blamed for weak Tiffany holiday sales

Trump traffic blamed for weak Tiffany holiday sales

Donald Trump's election to the presidency weighed on holiday sales at Tiffany's flagship store on Fifth Avenue next to Trump Tower in New York, the jeweller said Tuesday.
Published 19 Jan, 2017 12:00am
Portugal squeezes deficit back under EU limit

Portugal squeezes deficit back under EU limit

Portugal managed to reduce its public deficit to 2.3 percent of its economic output last year, Prime Minister Antonio Costa said Tuesday, bringing the country back under the EU limit of 3.0 percent.
Published 19 Jan, 2017 12:00am
Cyprus enjoyed record tourist arrivals in 2016

Cyprus enjoyed record tourist arrivals in 2016

More than three million tourists visited Cyprus in 2016, data showed Tuesday, making it a record year for the Mediterranean island seen as a regional safe haven.
Published 19 Jan, 2017 12:00am
Spain 'broadly' passes budget test: EU

Spain 'broadly' passes budget test: EU

The European Commission said Tuesday that Spain's 2017 budget was "broadly" in line with EU deficit rules but the government should be ready to take more remedial action if needed.
Published 19 Jan, 2017 12:00am
Canada central bank maintains key lending rate

Canada central bank maintains key lending rate

Canada's central bank maintained its key lending rate at 0.5 percent on Wednesday, citing uncertainty over the impact of incoming US President Donald Trump's policies on the global economy.
Published 19 Jan, 2017 12:00am
Kerry defends global trade against populist anger

Kerry defends global trade against populist anger

Outgoing US Secretary of State John Kerry delivered a stark warning of the dangers of economic populism on Tuesday, insisting on the greater benefits of global trade and co-operation. Kerry made his last annual pilgrimage as Washington's top diplomat to t
Published 19 Jan, 2017 12:00am
China's commodities appetite shows little sign of waning in December

China's commodities appetite shows little sign of waning in December

China's commodity imports jumped again in December, pushing 2016 shipments of goods from crude to iron ore to record levels and boosting expectations that lower domestic output will help prolong the months-long buying binge. For 2016, shipments of oil, ir
Published 19 Jan, 2017 12:00am
Canada's Goldcorp to sell Mexican mine

Canada's Goldcorp to sell Mexican mine

Canada's Goldcorp Inc, the world's No 3 gold miner by market value, said on Thursday it would sell its Los Filos mine in Mexico to Leagold Mining Corp for in a deal worth $438 million. Vancouver-based Goldcorp said it would be paid $279 million in cash an
Published 19 Jan, 2017 12:00am
Gold slips in Europe

Gold slips in Europe

Gold retreated on Wednesday from the previous day's eight-week high as data showing the biggest pick-up in consumer prices in 2-1/2 years lifted the dollar and US Treasury yields. Moves were muted however as the markets awaited a speech by Federal Reserve
Published 19 Jan, 2017 12:00am
Gold falls in Asia

Gold falls in Asia

Gold prices on Wednesday fell from eight-week highs hit in the previous session as the dollar recovered from lows and investors booked profits ahead of Donald Trump's inauguration as US president later this week. Spot gold fell 0.3 percent to $1,212.43 pe
Published 19 Jan, 2017 12:00am
Gold jumps in New York

Gold jumps in New York

Gold jumped more than 1 percent to an eight-week high on Tuesday as stocks and the dollar fell after US President-elect Donald Trump said the greenback was "too strong" and British Prime Minister Theresa May promised a parliamentary vote on Brexit.
Published 19 Jan, 2017 12:00am
Arabica coffee dips, cocoa eyes Ivorian unrest

Arabica coffee dips, cocoa eyes Ivorian unrest

Arabica coffee fell on Wednesday on a stronger dollar and expectations for ample supply, while London cocoa gained on renewed unrest in top producer Ivory Coast. March arabica futures were down 1.95 cents, or 1.3 percent, to $1.4795 per lb at 1552 GMT.
Published 19 Jan, 2017 12:00am
Malaysian palm oil declines

Malaysian palm oil declines

Malaysian palm oil futures fell on Wednesday evening on a strengthening ringgit and forecasts of higher production. The ringgit, in which palm is traded, gained 0.4 percent against the dollar to 4.4430, its highest in more than a month.
Published 19 Jan, 2017 12:00am
Rubber up

Rubber up

Benchmark Tokyo rubber futures erased early losses to end slightly higher on Wednesday in line with Shanghai futures, helped by concerns about tightness in supply. The Tokyo Commodity Exchange rubber contract for June delivery finished 1.2 yen higher at 3
Published 19 Jan, 2017 12:00am
Copper steadies after biggest fall in a month

Copper steadies after biggest fall in a month

Copper steadied on Wednesday after its biggest fall in a month in the previous session when US President-elect Donald Trump rattled investors by saying the dollar was too strong. Ahead of Trump's inauguration on Friday his comments revived fears that he w
Published 19 Jan, 2017 12:00am
Shanghai copper down

Shanghai copper down

The most-traded copper contract on the Shanghai Futures Exchange was down by 1.5 percent at 46,600 yuan ($6,807) a tonne on Wednesday on uncertainties over US President-elect Donald Trump's economic programme. Copper and other base metals initially gained
Published 19 Jan, 2017 12:00am
Cotton hits near two-week low in cautious trading
Cotton

Cotton hits near two-week low in cautious trading

ICE cotton futures edged lower on Tuesday to hit a near two-week low as traders treaded cautiously following the bearish supply-and-demand report released by the US Department of Agriculture on Thursday. The March cotton contract on ICE Futures US hit a s
Published 19 Jan, 2017 12:00am
US natural gas futures lower on warmer weather

US natural gas futures lower on warmer weather

US natural gas futures edged lower as forecasts for warmer weather for much of the rest of the winter offset expectations for colder temperatures at the end of January.
Published 19 Jan, 2017 12:00am
Cotton prices higher on PCGA report
Cotton

Cotton prices higher on PCGA report

Prices tended higher on the cotton market on Wednesday just after the release of the Pakistan Cotton Ginners Association (PCGA) report, depicting an increase of 11 percent against the last year, dealers said. The official spot rate after maintaining a sta
Published 19 Jan, 2017 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 187,949 tonnes of cargo comprising 157,048 tonnes of import cargo and 30,901 tonnes of export cargo including NA loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday.
Published 19 Jan, 2017 12:00am
EU wheat futures rise on Chicago rally

EU wheat futures rise on Chicago rally

Euronext wheat futures rose on Tuesday as a rally in Chicago offset a sharp rise in the euro against the dollar. March milling wheat, the benchmark contract on the Paris-based Euronext exchange, was up 1.25 euros, or 0.7 percent, at 170.75 euros a tonne b
Published 19 Jan, 2017 12:00am
CBOT wheat futures higher on short-covering

CBOT wheat futures higher on short-covering

Wheat futures on the Chicago Board of Trade rose on Tuesday on fund-driven short-covering and a softer dollar, which tends to make US grains more attractive on the world market, traders said. CBOT March wheat settled up 7-1/2 cents at $4.33-1/2 per bushel
Published 19 Jan, 2017 12:00am
US FOB Gulf soyabean offers steady on light demand

US FOB Gulf soyabean offers steady on light demand

Export premiums for soyabeans shipped from the US Gulf Coast were mostly steady on Tuesday as seasonally slowing demand capped nearby offers and concerns about Argentine production underpinned deferred values, traders said. Soya demand from top importer C
Published 19 Jan, 2017 12:00am
Vietnamese coffee prices jump to record high

Vietnamese coffee prices jump to record high

Vietnam's domestic coffee prices jumped to a record peak, following London futures higher, while the market slowed as farmers held off from sales in expectation of better prices, traders said on Tuesday. Coffee prices in Daklak, the country's largest robu
Published 19 Jan, 2017 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Tuesday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,120. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 8.72 billion and the number of lots traded was 15,855. Major business was contributed by cu
Published 19 Jan, 2017 12:00am
Message from Group Chairman

Message from Group Chairman

Today marks the dawn of a new era for PIONEER CEMENT, on this auspicious occasion I would like to thank the Almighty for His blessings enabling us to reach this new milestone. We are today inaugurating a progressive self-sustaining 12 MW WASTE HEAT RECOVE
Published 19 Jan, 2017 12:00am
Message from Director

Message from Director

It is with great pleasure I congratulate our Team at Pioneer Cement and our Partners CITIC China for commissioning and installing the 12 MW dual waste heat recovery (WHRPP) and coal-fired power plant at our cement manufacturing facility.
Published 19 Jan, 2017 12:00am
Message from Chief Executive Officer and Managing Director

Message from Chief Executive Officer and Managing Director

It is a moment of pride and joy for me and my entire team on successful installation of waste heat recovery (WHR) plant in a record time. WHR plant will not only be beneficial to the Company in the form of substantial savings in power cost, but will also
Published 19 Jan, 2017 12:00am
Message from Managing Director EKL

Message from Managing Director EKL

On behalf of the EKL Board of Directors, Project Team and entire staff, I heartily welcome the completion of Pioneer Cement Waste Heat Recovery Power Plant Project. As MD of EKL, I am thankful to the Almighty Allah, Who blessed upon us to fulfil our commi
Published 19 Jan, 2017 12:00am
Pioneer Cement: A greener environment-friendly plant

Pioneer Cement: A greener environment-friendly plant

Doing our best to ensure environment friendly Operations and Products, we at, Pioneer Cement, fully understand the complexities of cement manufacturing process and its impact on environment. Equipment and practices aimed at reducing dust emissions during
Published 19 Jan, 2017 12:00am
CSR: Pioneer playing its role in social development

CSR: Pioneer playing its role in social development

Pioneer Cement Limited is committed to playing an active role in supporting and working for sustainable community and social development of the country especially in the area surrounding the plant. Corporate Social Responsibility (CSR) is one of Pioneer's
Published 19 Jan, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 19 Jan, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 19 Jan, 2017 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 19 Jan, 2017 12:00am
First 'Silk Road' train arrives in UK from China

First 'Silk Road' train arrives in UK from China

After an 18-day, 12,000-kilometre (7,450-mile) intercontinental journey, the first freight train from China arrived in Britain on Wednesday. The lengthy journey is the latest manifestation of China's drive to strengthen trade links with western Europe alo
Published 19 Jan, 2017 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 19 Jan, 2017 12:00am
First 'Silk Road' train arrives in UK from China

First 'Silk Road' train arrives in UK from China

After an 18-day, 12,000-kilometre (7,450-mile) intercontinental journey, the first freight train from China arrived in Britain on Wednesday. The lengthy journey is the latest manifestation of China's drive to strengthen trade links with western Europe alo
Published 19 Jan, 2017 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 (January 18, 2017).

Published 19 Jan, 2017 12:00am
First ''Silk Road'' train arrives in UK from China

First ''Silk Road'' train arrives in UK from China

After an 18-day, 12,000-kilometre (7,450-mile) intercontinental journey, the first freight train from China arrived in Britain on Wednesday. The lengthy journey is the latest manifestation of China''s drive to strengthen trade links with western Europe al
Published 19 Jan, 2017 12:00am
SC asks how Hussain remitted money to Nawaz

SC asks how Hussain remitted money to Nawaz

Supreme Court on Wednesday inquired about the source through which Hussain Nawaz sent remittances to his father, prime minister Nawaz Sharif from 2011 to 2014. Appearing before a five-member larger bench led by Justice Asif Saeed Khan Khosa in the Panamag
Published 19 Jan, 2017 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 (January 18, 2017).

Published 19 Jan, 2017 12:00am
SC asks how Hussain remitted money to Nawaz

SC asks how Hussain remitted money to Nawaz

Supreme Court on Wednesday inquired about the source through which Hussain Nawaz sent remittances to his father, prime minister Nawaz Sharif from 2011 to 2014. Appearing before a five-member larger bench led by Justice Asif Saeed Khan Khosa in the Panamag
Published 19 Jan, 2017 12:00am
Details of 67 Pakistani residents sought

Details of 67 Pakistani residents sought

Directorate General of Intelligence and Investigation Inland Revenue (IR) has sought details from National Database and Registration Authority (NARDA) of 67 Pakistani residents having offshore companies to trace such owners who are not available at the de
Published 19 Jan, 2017 12:00am
Details of 67 Pakistani residents sought

Details of 67 Pakistani residents sought

Directorate General of Intelligence and Investigation Inland Revenue (IR) has sought details from National Database and Registration Authority (NARDA) of 67 Pakistani residents having offshore companies to trace such owners who are not available at the de
Published 19 Jan, 2017 12:00am
Details of 67 Pakistani residents sought

Details of 67 Pakistani residents sought

Directorate General of Intelligence and Investigation Inland Revenue (IR) has sought details from National Database and Registration Authority (NARDA) of 67 Pakistani residents having offshore companies to trace such owners who are not available at the de
Published 19 Jan, 2017 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 (January 18, 2017).

Published 19 Jan, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (January 18, 2017).
Published 19 Jan, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (January 18, 2017).

Published 19 Jan, 2017 12:00am
Goldman Sachs, Citigroup earnings confirm Trump effect on banks

Goldman Sachs, Citigroup earnings confirm Trump effect on banks

Goldman Sachs and Citigroup closed earnings season on a good note Wednesday, as major US banks saw profits boosted by the election victory of Donald Trump, who promised to dismantle financial regulations. Goldman announced 2016 net profit for shareholders
Published 19 Jan, 2017 12:00am
Goldman Sachs, Citigroup earnings confirm Trump effect on banks

Goldman Sachs, Citigroup earnings confirm Trump effect on banks

Goldman Sachs and Citigroup closed earnings season on a good note Wednesday, as major US banks saw profits boosted by the election victory of Donald Trump, who promised to dismantle financial regulations. Goldman announced 2016 net profit for shareholders
Published 19 Jan, 2017 12:00am
Goldman Sachs, Citigroup earnings confirm Trump effect on banks

Goldman Sachs, Citigroup earnings confirm Trump effect on banks

Goldman Sachs and Citigroup closed earnings season on a good note Wednesday, as major US banks saw profits boosted by the election victory of Donald Trump, who promised to dismantle financial regulations. Goldman announced 2016 net profit for shareholders
Published 19 Jan, 2017 12:00am
Goldman Sachs, Citigroup earnings confirm Trump effect on banks

Goldman Sachs, Citigroup earnings confirm Trump effect on banks

Goldman Sachs and Citigroup closed earnings season on a good note Wednesday, as major US banks saw profits boosted by the election victory of Donald Trump, who promised to dismantle financial regulations. Goldman announced 2016 net profit for shareholders
Published 19 Jan, 2017 12:00am
Equities mixed

Equities mixed

A mixed trend persisted on Pakistan Stock Exchange (PSX). The benchmark KSE-100 index moved between 48,971.01 points intra-day high and 48,502.43 points intra-day low level to close at 48,642.21 points, down 36.44 points on Wednesday. Foreign investors re
Published 19 Jan, 2017 12:00am
Equities mixed

Equities mixed

A mixed trend persisted on Pakistan Stock Exchange (PSX). The benchmark KSE-100 index moved between 48,971.01 points intra-day high and 48,502.43 points intra-day low level to close at 48,642.21 points, down 36.44 points on Wednesday. Foreign investors re
Published 19 Jan, 2017 12:00am
Equities mixed

Equities mixed

A mixed trend persisted on Pakistan Stock Exchange (PSX). The benchmark KSE-100 index moved between 48,971.01 points intra-day high and 48,502.43 points intra-day low level to close at 48,642.21 points, down 36.44 points on Wednesday. Foreign investors re
Published 19 Jan, 2017 12:00am
BRIndex30 up 60.58 points

BRIndex30 up 60.58 points

On Wednesday, BRIndex30 opened at 27,106.12 points. It touched an intraday high of 27,358.12 points and an intraday low of 27,099.38 points and closed at 27,166.70 points which was 60.58 points or 0.22 percent higher than previous close. Total volume was
Published 19 Jan, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (January 18, 2017).

Published 19 Jan, 2017 12:00am
BRIndex30 up 60.58 points

BRIndex30 up 60.58 points

On Wednesday, BRIndex30 opened at 27,106.12 points. It touched an intraday high of 27,358.12 points and an intraday low of 27,099.38 points and closed at 27,166.70 points which was 60.58 points or 0.22 percent higher than previous close. Total volume was
Published 19 Jan, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (January 18, 2017).

Published 19 Jan, 2017 12:00am
ECC takes decision on financial matters of PIACL, PSM

ECC takes decision on financial matters of PIACL, PSM

A meeting of the Economic Co-ordination Committee (ECC) of the Cabinet has approved additional guarantees of Rs 10.5 billion to meet the financial needs of Pakistan International Airline Company Limited (PIACL), besides sanctioning one month's salary for
Published 19 Jan, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (January 18, 2017).

Published 19 Jan, 2017 12:00am
ECC takes decision on financial matters of PIACL, PSM

ECC takes decision on financial matters of PIACL, PSM

A meeting of the Economic Co-ordination Committee (ECC) of the Cabinet has approved additional guarantees of Rs 10.5 billion to meet the financial needs of Pakistan International Airline Company Limited (PIACL), besides sanctioning one month's salary for
Published 19 Jan, 2017 12:00am
ECC takes decision on financial matters of PIACL, PSM

ECC takes decision on financial matters of PIACL, PSM

A meeting of the Economic Co-ordination Committee (ECC) of the Cabinet has approved additional guarantees of Rs 10.5 billion to meet the financial needs of Pakistan International Airline Company Limited (PIACL), besides sanctioning one month''s salary for
Published 19 Jan, 2017 12:00am
Alibaba Group eyes e-Commerce platform

Alibaba Group eyes e-Commerce platform

Chairman Alibaba Group Jack Ma Wednesday evinced keen interest in investing in Pakistan and to build an e-Commerce platform to further promote online business ventures. The Chairman met Prime Minister Muhammad Nawaz Sharif in Davos on the sidelines of the
Published 19 Jan, 2017 12:00am
Alibaba Group eyes e-Commerce platform

Alibaba Group eyes e-Commerce platform

Chairman Alibaba Group Jack Ma Wednesday evinced keen interest in investing in Pakistan and to build an e-Commerce platform to further promote online business ventures. The Chairman met Prime Minister Muhammad Nawaz Sharif in Davos on the sidelines of the
Published 19 Jan, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (January 18, 2017).

Published 19 Jan, 2017 12:00am
Alibaba Group eyes e-Commerce platform

Alibaba Group eyes e-Commerce platform

Chairman Alibaba Group Jack Ma Wednesday evinced keen interest in investing in Pakistan and to build an e-Commerce platform to further promote online business ventures. The Chairman met Prime Minister Muhammad Nawaz Sharif in Davos on the sidelines of the
Published 19 Jan, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (January 18, 2017).

Published 19 Jan, 2017 12:00am