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Archive - 2017-01-28
Putin, Trump agree to develop relations 'as equals': Kremlin
Europe

Putin, Trump agree to develop relations 'as equals': Kremlin

MOSCOW: Russian President Vladimir Putin and his new US counterpart Donald Trump agreed on Saturday to develop relations "as equals" and to establish "real coordination" against the Islamic State group in Syria, the Kremlin said.
Published 28 Jan, 2017 09:01pm
Trump, Merkel agree on NATO's 'fundamental importance'
North America

Trump, Merkel agree on NATO's 'fundamental importance'

WASHINGTON: President Donald Trump and Germany Chancellor Angela Merkel agreed during a telephone call Saturday that NATO is "fundamental," the White House said, despite the American leader's past characterization of the transatlantic military allianc
Published 28 Jan, 2017 09:00pm
UN urges Trump to keep door open for refugees
North America

UN urges Trump to keep door open for refugees

UNITED NATIONS: Two United Nations humanitarian agencies on Saturday urged the administration of US President Donald Trump to continue providing asylum to vulnerable people, a day after the new leader signed an order severely restricting access to asylum
Published 28 Jan, 2017 06:46pm
Pakistan to continue journey towards progress, prosperity: Asif
Pakistan Top News

Pakistan to continue journey towards progress, prosperity: Asif

SIALKOT: Federal Minister for Defence, Water and Power Khawaja Muhammad Asif Saturday said now the time had come for the nation to see a "Roshan Pakistan" as the government put the country on way to progress and prosperity.
Published 28 Jan, 2017 06:07pm
Pakistan now viable, safe for investment: Khurram
Pakistan Top News

Pakistan now viable, safe for investment: Khurram

LAHORE: Federal Commerce Minister Engineer Khurram Dastgir Khan said on Saturday that all economic indicators of the country showed positive trends during last year, as Pakistan had now become a viable and safe place for local and foreign investment.
Published 28 Jan, 2017 05:56pm
Nawaz serving nation as Imran doing politics of anarchy: Marriyum
Pakistan Top News

Nawaz serving nation as Imran doing politics of anarchy: Marriyum

ISLAMABAD: Minister of State for Information, Broadcasting and National Heritage Marriyum Aurangzeb said on Saturday that Prime Minister Nawaz Sharif was doing the politics of serving the nation while PTI Chairman Imran Khan was doing the politics of base
Published 28 Jan, 2017 04:47pm
TV celebrity Waqar Zaka confirms Karachi assault
Life & Style

TV celebrity Waqar Zaka confirms Karachi assault

Pakistani TV host and media celebrity Waqar Zaka on Saturday confirmed that he was beaten up by unidentified assailants on the streets of Karachi, an incident that came fore through a video that went viral on social media earlier today.
Published 28 Jan, 2017 02:08pm
Europe must have 'firm' response to Trump: Hollande
Europe

Europe must have 'firm' response to Trump: Hollande

LISBON: French President Francois Hollande on Saturday urged Europe to be "firm" in its response to new US President Donald Trump, who has called Britain's exit from the bloc a "wonderful thing".
Published 28 Jan, 2017 02:02pm
When Trump finally met his match
Sports

When Trump finally met his match

US President Donald Trump has been the newsmaker for the past year or so, from trumpeting at election rallies to taking over the White House, Trump has maintained his no holds barred-right in your face attitude.
Published 28 Jan, 2017 01:07pm
Serena tops sister to win record 23rd Grand Slam
Sports

Serena tops sister to win record 23rd Grand Slam

MELBOURNE: Serena Williams rewrote history Saturday to surpass Steffi Graf and capture a record 23rd Grand Slam title as well as the world number one ranking by beating her sister Venus in the Australian Open final.
Published 28 Jan, 2017 11:08am
Despite new lows, Inzamam defends selection
Cricket

Despite new lows, Inzamam defends selection

Despite the embarrassing thrashing Down Under, Pakistans chief selector Inzamam ul Haq has defended his selection, saying that the body sent the best team to New Zealand and Australia.
Published 28 Jan, 2017 10:35am
Activist Salman Haider returns home 'safe'
Front Top News

Activist Salman Haider returns home 'safe'

ISLAMABAD: Activist and blogger Salman Haider, who mysteriously went missing earlier this month, returned home here on Saturday morning.
Published 28 Jan, 2017 10:34am
Five Indian soldiers trapped under snow in IoK
Asia

Five Indian soldiers trapped under snow in IoK

SRINAGAR: Five Indian soldiers were trapped under heavy snow in Indian occupied Kashmir (IoK) on Saturday just days after another 20 people were killed by avalanches in the disputed territory, a military spokesman said.
Published 28 Jan, 2017 09:59am
'Not the time to build walls': Rouhani to Trump
Front Top News

'Not the time to build walls': Rouhani to Trump

TEHRAN: Iranian President Hassan Rouhani criticised his US counterpart Donald Trump on Saturday, saying now was "not the time to build walls between nations".
Published 28 Jan, 2017 09:58am
Panamagate buck seems to have stopped with Ishaq Dar
Front Top News

Panamagate buck seems to have stopped with Ishaq Dar

%D%AKHUDAYAR MOHLA%D%A%D%AISLAMABAD: The Supreme Court on Friday sought Federal Finance Minister Ishaq Dars confession record when he was behind the bars after Gen Pervez Musharrafs military coup in October 1999.
Published 28 Jan, 2017 09:45am
'Boombastic' Shaggy to fire up PSL 2
Arts

'Boombastic' Shaggy to fire up PSL 2

After a dismal show by Pakistan against Australia in the recently concluded series, the Pakistani fans would be eyeing towards the upcoming Pakistan Super League (PSL), which is all set to begin on 9th Feb I Dubai.
Published 28 Jan, 2017 09:34am
Russia launches Soviet Soyuz Satellite into Orbit
Technology

Russia launches Soviet Soyuz Satellite into Orbit

Russia just built a soviet Soyuz rocket, which they launched and blasted off from the French Guiana and successfully placed into orbit at a Spanish telecommunication satellite according to the French Launch company, Arianespace.%D%A%D%A
Published 28 Jan, 2017 09:32am
Govt to appoint Muhammad Zubair as Sindh Governor
Front Top News

Govt to appoint Muhammad Zubair as Sindh Governor

ISLAMABAD: The federal government has decided to appoint Federal Minister and Chairman Privatization Commission, Muhammad Zubair as Sindh governor.
Published 28 Jan, 2017 08:42am
Trump to call Japan's Abe, other world leaders Saturday
Front Top News

Trump to call Japan's Abe, other world leaders Saturday

WASHINGTON: US President Donald Trump will call almost half a dozen counterparts from around the globe Saturday, among them Japanese Prime Minister Shinzo Abe, the first foreign leader with whom he met after his election.
Published 28 Jan, 2017 08:26am
Trump, Mexican leader speak to mend rift over wall
North America

Trump, Mexican leader speak to mend rift over wall

MEXICO CITY: Mexican President Enrique Pena Nieto and US President Donald Trump sought to tone down diplomatic tensions over the Republican's planned border wall on Friday, agreeing to seek a resolution to the thorny dispute.
Published 28 Jan, 2017 08:25am
Theresa May eyes stronger Turkey ties after Trump summit
Front Top News

Theresa May eyes stronger Turkey ties after Trump summit

ANKARA: Fresh from talks with US President Donald Trump, British Prime Minister Theresa May will meet Turkish leaders in Ankara Saturday, hoping to expand ties and seal a new trading relationship before Britain leaves the EU.
Published 28 Jan, 2017 08:25am
Japan says foreign workers top record 1 million
Asia

Japan says foreign workers top record 1 million

TOKYO: The number of foreign workers in Japan topped 1 million for the first time last year, the government has said, as the country looks overseas to offset labour shortages.
Published 28 Jan, 2017 08:20am
China accuses EU of protectionism over new steel taxes
Front Top News

China accuses EU of protectionism over new steel taxes

BEIJING: Beijing has accused the European Union of "protectionist" behaviour after Brussels imposed anti-dumping duties on Chinese steel products, as it seeks to protect struggling steel makers in Europe.
Published 28 Jan, 2017 08:12am
Achakzai says Prime Minister fails to deliver on CPEC route promise
Front Top News

Achakzai says Prime Minister fails to deliver on CPEC route promise

ZULFIQAR AHMAD%D%AISLAMABAD: The Senate Standing Committee on Communication noted on Friday that the government is ignoring the parliamentary panel's recommendations, saying the government is giving priority to other routes instead of western route of
Published 28 Jan, 2017 07:25am
FBR refuses to share audit parameters
Business & Economy

FBR refuses to share audit parameters

RECORDER REPORT%D%AISLAMABAD:Federal Board of Revenue (FBR) has refused to share risk-based parameters used for selection of cases for audit (Tax Year 2015) under a new audit policy and stated that parameters were declared confidential through an amendmen
Published 28 Jan, 2017 07:00am
APL's PAT increased

APL's PAT increased

The profit after tax of Attock Petroleum Limited has increased to Rs 1,593.679 million in the quarter ended December 31, 2016 as compared to Rs 949.273 million in the corresponding quarter in 2015. The company's earning per share surged to Rs 19.21 in the
Published 28 Jan, 2017 12:00am
ARL's profit after tax surges

ARL's profit after tax surges

The profit after tax of Attock Refinery Limited (ARL) has increased to Rs 1,510.688 million in the quarter ended in December 31, 2016 as compared to Rs 500.911 million earned in the corresponding quarter in 2015. The board of directors of the company in i
Published 28 Jan, 2017 12:00am
ARL's profit after tax surges

ARL's profit after tax surges

The profit after tax of Attock Refinery Limited (ARL) has increased to Rs 1,510.688 million in the quarter ended in December 31, 2016 as compared to Rs 500.911 million earned in the corresponding quarter in 2015. The board of directors of the company in i
Published 28 Jan, 2017 12:00am
Keel laying ceremony of 1,500 tons MPV held at KS&EW

Keel laying ceremony of 1,500 tons MPV held at KS&EW

Keel Laying Ceremony of 1,500 tons Maritime Patrol Vessel (MPV) being built for Pakistan Maritime Security Agency (PMSA) was held at Karachi Shipyard & Engineering Works Limited (KS&EW) on Friday. Federal Minister for Defence Production, Rana Tanveer Huss
Published 28 Jan, 2017 12:00am
NRL posts Rs 2.062 billion PAT

NRL posts Rs 2.062 billion PAT

National Refinery Limited (NRL) has posted Rs 2.062 billion as profit after tax for the quarter ended December 31, 2016 as compared to Rs 2.478 billion earned in the corresponding period in 2015. The board of directors of the company in its meeting held a
Published 28 Jan, 2017 12:00am
NRL posts Rs 2.062 billion PAT

NRL posts Rs 2.062 billion PAT

National Refinery Limited (NRL) has posted Rs 2.062 billion as profit after tax for the quarter ended December 31, 2016 as compared to Rs 2.478 billion earned in the corresponding period in 2015. The board of directors of the company in its meeting held a
Published 28 Jan, 2017 12:00am
Anti-terror court orders MQM's Kunwar Naveed released

Anti-terror court orders MQM's Kunwar Naveed released

An anti-Terrorism Court on Friday while accepting the surety bond submitted by MQM MNA Kunwar Naveed Jamil in media house attack and anti-Pakistan sloganeering cases has issued his release order. The ACT heard the case pertaining to attacks on media house
Published 28 Jan, 2017 12:00am
Real estate wobbles with aftershocks of imposed taxes

Real estate wobbles with aftershocks of imposed taxes

After the implementation of the new tax regime, the situation in the realty sector of Pakistan took a turn for the worse, both in terms of sale-purchase activity and property prices. Although the aftershocks of the newly imposed taxes can still be felt, m
Published 28 Jan, 2017 12:00am
Rwanda market being neglected by Pakistan, complains honorary CG

Rwanda market being neglected by Pakistan, complains honorary CG

Honorary Consul General of Rwanda Farooq Aazam Khawaja has urged the business and industrial community to effectively explore the untapped and huge market of Africa that has a massive population of more than 1.25 billion in 55 countries.
Published 28 Jan, 2017 12:00am
FFL's dairy processing facility inaugurated

FFL's dairy processing facility inaugurated

After a year-long project to completely revamp & modernise the former Noon Pakistan Ltd, the Fauji Foods Limited (FFL) dairy processing facility has been inaugurated on Friday. This is a state of the art dairy processing facility, first of its kind in Pak
Published 28 Jan, 2017 12:00am
IMF says Greece debt 'explosive' in long term

IMF says Greece debt 'explosive' in long term

Greece's government debt remains "highly unsustainable," and will be "explosive" in the longer run, requiring a more credible debt relief plan from Europe, the International Monetary Fund said in a report obtained by AFP. Addressing the debt burden of the
Published 28 Jan, 2017 12:00am
US anti-abortion camp rallies in DC with Trump's backing

US anti-abortion camp rallies in DC with Trump's backing

Anti-abortion advocates descended on the US capital on Friday for an annual march expected to draw the largest crowd in years, with the White House spotlighting the cause and throwing its weight behind the campaign. "The MarchForLife is so important. To a
Published 28 Jan, 2017 12:00am
Date for next Syria talks thrown into question

Date for next Syria talks thrown into question

The timing of the next Syria talks in Geneva was thrown into doubt on Friday after the UN said it could not confirm a Russian announcement that they had been postponed. Meeting in Moscow with minor Syrian opposition figures, Foreign Minister Sergei Lavrov
Published 28 Jan, 2017 12:00am
Turkish air strikes kill 10 civilians in IS-held Syria

Turkish air strikes kill 10 civilians in IS-held Syria

Ten civilians, including a child, have been killed in Turkish air strikes and shelling in and around a Syrian town held by the Islamic State group, a monitor said Friday. The bombardment hit the northern town of Al-Bab and the nearby area of Tadif, both h
Published 28 Jan, 2017 12:00am
EU must help 'abused' migrant children: commissioner

EU must help 'abused' migrant children: commissioner

EU countries must do more to stop the trafficking of unaccompanied migrant children, some of whom are suffering sexual abuse, the bloc's migration commissioner warned Friday. EU Commissioner Dimitris Avramopoulos urged politicians in the 28 member states
Published 28 Jan, 2017 12:00am
Indian governor resigns after womanising claims

Indian governor resigns after womanising claims

The governor of an Indian state has resigned after dozens of his staff signed a petition calling for his removal, alleging that he is a serial womaniser. V. Shanmuganathan, 67, handed in his notice as governor of Meghalaya late Thursday after the petition
Published 28 Jan, 2017 12:00am
Afghanistan seeks more women to join its army

Afghanistan seeks more women to join its army

Afghanistan has announced fresh initiatives to bring more women into the army, weeks after the country's first female pilot sparked a national debate on insecurity and women's rights by seeking asylum in the US. The defence ministry wants to boost the pro
Published 28 Jan, 2017 12:00am
Trump, Mexican leader speak by phone amid rift

Trump, Mexican leader speak by phone amid rift

Mexican President Enrique Pena Nieto and Donald Trump spoke by telephone on Friday after the US president's border wall plan sparked the biggest diplomatic crisis between the neighbours in decades. "I can confirm that they spoke," the official from Pena N
Published 28 Jan, 2017 12:00am
Norway appoints first female air force chief

Norway appoints first female air force chief

Norway, one of the world's most gender equal nations, on Friday announced its first-ever appointment of a woman to head the air force. The appointment of Tonje Skinnarland, promoted at the age of 49 to the rank of major general, comes as the nation's air
Published 28 Jan, 2017 12:00am
International warrant issued for Brazil magnate

International warrant issued for Brazil magnate

Police have issued an international arrest warrant for Brazilian magnate Eike Batista who is wanted over money-laundering accusations, officials said Friday, branding him a fugitive. A source in Brazil's federal police told AFP that cross-border agency In
Published 28 Jan, 2017 12:00am
Nadal wins classic to set up 'special' Federer final

Nadal wins classic to set up 'special' Federer final

Rafael Nadal set up an Australian Open final against his great rival Roger Federer after edging Grigor Dimitrov in a classic five-set semi-final which stretched for nearly five hours on Friday. The 14-time Grand Slam champion pulled off one of his toughes
Published 28 Jan, 2017 12:00am
7 teams move into Inter-Divisional Basketball quarters

7 teams move into Inter-Divisional Basketball quarters

Peshawar, Quetta, Islamabad, Rawalpindi, Karachi, FATA and Bannu moved to the quarter-finals of the ongoing National Inter-Division Men Basketball Championship being played here at PASB Coaching Center on Friday. Director PSB Coaching Center Peshawar Mumt
Published 28 Jan, 2017 12:00am
Formula One: Manor team goes out of business

Formula One: Manor team goes out of business

The Manor Formula One team's troubled history came to an end on Friday as its operating company Just Racing Services Limited (JRSL) ceased trading. Administrators appointed this month announced they had failed to find any new investors and as a result had
Published 28 Jan, 2017 12:00am
Mehboob brothers in Senior Squash final

Mehboob brothers in Senior Squash final

World No 66 Farhan Mehboob setup final show down against his younger brother Waqar Mehboob on Friday in the ongoing National Senior Squash Championship being played here at PAF Hashim Khan Squash Complex. The final will be played on Saturday at 3.00 pm.
Published 28 Jan, 2017 12:00am
Shaggy to light-up PSL 2017 opening ceremony

Shaggy to light-up PSL 2017 opening ceremony

The opening ceremony of HBL Pakistan Super League (PSL) 2017 promises to be another glittering affair as internationally acclaimed singer Shaggy confirms his participation for the event set to take place at the Dubai International Cricket Stadium (DICS) o
Published 28 Jan, 2017 12:00am
Shabbir shines in Garrison Open Golf

Shabbir shines in Garrison Open Golf

The All Pakistan Garrison Open Golf Championship 2017 got off to a superb start at the Lahore Garrison Golf Course, as the national number one ranked golf professional of the country, Shabbir Iqbal displayed incredible brilliance and over the first 18 hol
Published 28 Jan, 2017 12:00am
Azhar Ali suspended for slow over rate

Azhar Ali suspended for slow over rate

Pakistan's skipper Azhar Ali has been suspended for one match for a slow over rate during the fifth one-day international against Australia in Adelaide, the International Cricket Council (ICC) said Friday.The suspension means Azhar will miss Pakistan's ne
Published 28 Jan, 2017 12:00am
Wade replaces injured Smith as New Zealand tour skipper

Wade replaces injured Smith as New Zealand tour skipper

Australian wicketkeeper Matthew Wade has assumed captaincy duties for the upcoming New Zealand tour after injury ruled out Steve Smith, with youngster Sam Heazlett called up as his replacement, Cricket Australia said Friday.
Published 28 Jan, 2017 12:00am
England young guns Hameed and Duckett get MCC call

England young guns Hameed and Duckett get MCC call

England internationals Haseeb Hameed and Ben Duckett have both been selected in Marylebone Cricket Club's XI for their Champion County against Middlesex in March. Both batsmen made their England Test debuts during the recent tour of Bangladesh and India.
Published 28 Jan, 2017 12:00am
Rio boxing judges suspension lifted

Rio boxing judges suspension lifted

All 36 referees and judges used at the 2016 Games and suspended since October would now be eligible for reinstatement "on a case by case basis", the International Boxing Association (AIBA) said. "Not all of them will be reinstated," an AIBA spokesman told
Published 28 Jan, 2017 12:00am
Manchester United reach League final

Manchester United reach League final

Manchester United survived a scare to reach the League Cup final after Oumar Niasse's late goal earned Hull City a 2-1 victory in Thursday's semi-final second leg. Leading 2-0 from the first leg, United saw their advantage at an ice-cold KCOM Stadium halv
Published 28 Jan, 2017 12:00am
Injured Hales out of England squad for West Indies one-dayers

Injured Hales out of England squad for West Indies one-dayers

Alex Hales was left out of England's one-day squad for March's three-match series in the West Indies announced Friday because of a broken hand, with Test spearhead Stuart Broad also omitted. Hales's absence was the only change to the 15-man squad that rec
Published 28 Jan, 2017 12:00am
Aussie, kiwi subdued
Currency

Aussie, kiwi subdued

The Australian and New Zealand dollars meandered in holiday-thinned trade on Friday, with the kiwi heading for a week of solid gains while the its Aussie cousin was poised to end four weeks of rises. Markets in China, South Korea and Taiwan were shut for
Published 28 Jan, 2017 12:00am
Most Asian currencies lower

Most Asian currencies lower

Most emerging Asian currencies edged lower in holiday-thinned trade on Friday, after the dollar rebounded on the back of optimism over the US economic outlook and corporate earnings. The Thai baht and Philippine peso eased 0.1 percent, while the Indonesia
Published 28 Jan, 2017 12:00am
Sri Lankan rupee ends steady
Currency

Sri Lankan rupee ends steady

The Sri Lankan rupee ended steady in thin trade on Friday as dollar selling by exporters and inward remittances offset demand for the US currency from importers, dealers said. Rupee forwards were active, with two-week forwards closing at 150.85/95 per dol
Published 28 Jan, 2017 12:00am
Canadian dollar weakens
Currency

Canadian dollar weakens

The Canadian dollar weakened against its US counterpart on Thursday, pulling back from a one-week high as the greenback recovered some lost ground against a basket of major currencies. The loonie had rallied this week as investor fears of a more unfavoura
Published 28 Jan, 2017 12:00am
Dollar recovers from seven-week low in New York
Currency

Dollar recovers from seven-week low in New York

The dollar rebounded from a seven-week low on Thursday, still feeling the positive effects of a record-setting Dow Jones Industrial Average the day before, although gains were tempered by persistent uncertainty surrounding the new US administration's econ
Published 28 Jan, 2017 12:00am
Early trade in New York: dollar advances against yen

Early trade in New York: dollar advances against yen

The dollar rose to a one-week high against the yen on Friday, once again buoyed by expectations that US President Donald Trump would deliver on his campaign promise to put policies in place to further bolster an economy that has improved but has sputtered
Published 28 Jan, 2017 12:00am
Dollar recovers ground against majors in Europe
Currency

Dollar recovers ground against majors in Europe

The dollar recovered more ground against a basket of currencies on Friday, catching up with rises in US stock markets and bond yields as the trade on US President Donald Trump's growth policies moved back to pole position in investors' thinking.
Published 28 Jan, 2017 12:00am
Mexican peso tumbles, dollar up in Asia

Mexican peso tumbles, dollar up in Asia

The dollar perked up on Friday, rebounding from a seven-week low on optimism over the US economic outlook and corporate earnings, while the Mexican peso fell after the White House floated the idea of a 20 percent tax on Mexican goods to pay for a border w
Published 28 Jan, 2017 12:00am
Sterling flops after strong week of gains
Currency

Sterling flops after strong week of gains

Sterling slipped from a five-week high on Friday but remained on track for one of its strongest weeks since mid-November, with investors setting aside their Brexit concerns to focus on signs the British economy is growing robustly. Consumer confidence sho
Published 28 Jan, 2017 12:00am
European shares lower as UBS weighs on banks; Tesco surges

European shares lower as UBS weighs on banks; Tesco surges

European shares pulled back on Friday with UBS dragging bank stocks lower after posting a drop in full-year profit, while Britain's biggest supermarket Tesco surged after a 3.7 billion-pound take-over deal to buy a supplier. The pan-European STOXX 600 ind
Published 28 Jan, 2017 12:00am
Australia shares climb; New Zealand hits three-month high

Australia shares climb; New Zealand hits three-month high

Australian shares ended higher on Friday with financials leading the gains after all three major indices on Wall Street hit life-time intraday highs. The S&P/ASX 200 index rose 0.8 percent or 42.49 points to finish the session at 5,714.00. The index recor
Published 28 Jan, 2017 12:00am
Sri Lankan shares higher

Sri Lankan shares higher

Sri Lankan stocks ended firmer on Friday, moving further away from a near 10-month low, as investors picked up beaten down shares, including beverages and diversified counters. Political instability and a rise in interest rates however capped gains, broke
Published 28 Jan, 2017 12:00am
Tokyo stocks higher as banks lead the charge

Tokyo stocks higher as banks lead the charge

Tokyo stocks ended higher Friday with banks leading the charge while exporters were boosted by a slide in the yen. It was the Japanese market's third straight rise, as the Dow on Thursday extended gains after breaking 20,000 for the first time on Wednesda
Published 28 Jan, 2017 12:00am
Indian shares rise; post biggest weekly gain in 8 months

Indian shares rise; post biggest weekly gain in 8 months

Indian shares rose for a fourth consecutive sesssion on Friday to post their biggest weekly gain in eight months, helped by a rally in financial firms and optimism ahead of the annual federal budget next week. The broader NSE index ended 0.45 percent high
Published 28 Jan, 2017 12:00am
Hong Kong stocks ease off three-month high

Hong Kong stocks ease off three-month high

Hong Kong stocks slipped on Friday, ending four straight days of gains but only easing slightly from three-month highs as investors took profit ahead of the holiday weekend. The market had opened firmer, underpinned by the Dow Jones Industrial Average hol
Published 28 Jan, 2017 12:00am
US bond yields fall after solid 7-year auction

US bond yields fall after solid 7-year auction

US Treasury yields fell on Thursday with benchmark yields retreating from a four-week high, after strong investor demand at a $28 billion auction of seven-year notes, part of this week's $88 billion coupon-bearing government debt supply.
Published 28 Jan, 2017 12:00am
US bond yields fall after solid 7-year auction

US bond yields fall after solid 7-year auction

US Treasury yields fell on Thursday with benchmark yields retreating from a four-week high, after strong investor demand at a $28 billion auction of seven-year notes, part of this week's $88 billion coupon-bearing government debt supply.
Published 28 Jan, 2017 12:00am
China markets closed

China markets closed

China's stocks, financial and commodity markets were closed on Friday for the Lunar New Year holidays. Markets will be closed from January 27 to February 2. South Korea and Taiwan markets were also shut due to Lunar New Year holidays.
Published 28 Jan, 2017 12:00am
Wall Street little changed; Dow stays above 20,000

Wall Street little changed; Dow stays above 20,000

US stocks were little changed on Thursday as investors paused following a two-day rally that pushed the Dow Jones Industrial Average above the 20,000 mark, while the latest wave of earnings rolled in. Qualcomm weighed on both the S&P 500 and Nasdaq as the
Published 28 Jan, 2017 12:00am
Friday's early trade: stocks slip as earnings, GDP data disappoint

Friday's early trade: stocks slip as earnings, GDP data disappoint

Wall Street was slightly lower on Friday, weighed down by underwhelming corporate earnings and gross domestic product data. US economic growth slowed more than expected in the fourth quarter, with GDP rising at a 1.9 percent annual rate, below the 2.2 per
Published 28 Jan, 2017 12:00am
SE Asian markets soft in holiday-thinned trade

SE Asian markets soft in holiday-thinned trade

Most Southeast Asian stock markets were sluggish in lacklustre trade on Friday ahead of the Chinese new year holidays, as investors failed to capitalise on a global equity markets rally overnight. A key index of global equity markets hit a near 2-year hig
Published 28 Jan, 2017 12:00am
Bunds set for worst week since US election as Trump takes charge

Bunds set for worst week since US election as Trump takes charge

Benchmark German bonds are headed for their worst week since November's US election on Friday, as Donald Trump's first week in office fuels expectations of inflation and growth-boosting policies in the world's biggest economy.
Published 28 Jan, 2017 12:00am
Bunds set for worst week since US election as Trump takes charge

Bunds set for worst week since US election as Trump takes charge

Benchmark German bonds are headed for their worst week since November's US election on Friday, as Donald Trump's first week in office fuels expectations of inflation and growth-boosting policies in the world's biggest economy.
Published 28 Jan, 2017 12:00am
US economy slows on wider trade gap; business spending rises

US economy slows on wider trade gap; business spending rises

US economic growth slowed sharply in the fourth quarter as a plunge in shipments of soyabeans weighed on exports, but steady consumer spending and rising business investment pointed to sustained strength in domestic demand. Gross domestic product increase
Published 28 Jan, 2017 12:00am
Tesco buys wholesaler Booker for £3.7 billion

Tesco buys wholesaler Booker for £3.7 billion

Britain's biggest retailer Tesco agreed Friday to buy wholesaler Booker for £3.7 billion in a surprise play to become the nation's top food business, slash costs and take on German-owned discounters. The purchase, worth $4.7 billion or 4.4 billion euros,
Published 28 Jan, 2017 12:00am
Eurozone lending picks up

Eurozone lending picks up

Businesses and households in the eurozone borrowed more in December, data released Friday by the European Central Bank showed, suggesting the institution's loose monetary policy is reaching the real economy. Loans to households grew at 2.0 percent year-on
Published 28 Jan, 2017 12:00am
Swiss bank UBS says annual profit plunged 46 percent

Swiss bank UBS says annual profit plunged 46 percent

Swiss banking giant UBS said Friday its net profit plunged 46 percent in 2016 under the weight of restructuring costs and a downturn for its investment bank in difficult market conditions. Switzerland's largest bank reported its net profits for the year w
Published 28 Jan, 2017 12:00am
Swiss bank UBS says annual profit plunged 46 percent

Swiss bank UBS says annual profit plunged 46 percent

Swiss banking giant UBS said Friday its net profit plunged 46 percent in 2016 under the weight of restructuring costs and a downturn for its investment bank in difficult market conditions. Switzerland's largest bank reported its net profits for the year w
Published 28 Jan, 2017 12:00am
Japan logs first annual price decline in four years

Japan logs first annual price decline in four years

Japan on Friday logged its first annual consumer price decline in four years, underscoring the challenges facing Tokyo's fight to rid the world's number three economy of deflation. Government data showed prices dropped 0.3 percent in 2016 from a year earl
Published 28 Jan, 2017 12:00am
Britain will 'abide by EU rules' on trade deals: Hammond

Britain will 'abide by EU rules' on trade deals: Hammond

Britain will continue to obey EU rules on negotiating trade deals as long as it remains a full-fledged member of the bloc, finance minister Philip Hammond said on Friday. Chancellor of the Exchequer Hammond said playing by the rules was in "our DNA," just
Published 28 Jan, 2017 12:00am
Microsoft profit up as demand for cloud service soars
Currency

Microsoft profit up as demand for cloud service soars

Microsoft Corp reported a 3.6 percent rise in fiscal second-quarter profit on Thursday, helped by growth in its fast-growing cloud computing business, but it saw a slight decline in margins in the unit that includes its flagship cloud platform Azure. Shar
Published 28 Jan, 2017 12:00am
EU slaps China with new steel anti-dumping duties

EU slaps China with new steel anti-dumping duties

The EU slapped definitive anti-dumping duties on steel products from China and Taiwan on Friday, as it broadens its campaign to protect struggling steel manufacturers in Europe. The measure is part of an EU push against China, which makes more than half t
Published 28 Jan, 2017 12:00am
EU slaps China with new steel anti-dumping duties

EU slaps China with new steel anti-dumping duties

The EU slapped definitive anti-dumping duties on steel products from China and Taiwan on Friday, as it broadens its campaign to protect struggling steel manufacturers in Europe. The measure is part of an EU push against China, which makes more than half t
Published 28 Jan, 2017 12:00am
EU nurses registering in UK falls by 90 percent post-Brexit

EU nurses registering in UK falls by 90 percent post-Brexit

The number of European nurses registering to work in Britain has fallen by more than 90 percent since last June's Brexit vote, the British Nursing and Midwifery Council (NMC) told AFP on Friday. A total of 101 nurses and midwives from EU nations registere
Published 28 Jan, 2017 12:00am
China punishes firms for illegal stock trades

China punishes firms for illegal stock trades

The Asset Management Association of China has punished seven Chinese companies for illegal stock trades, state news agency Xinhua said on Friday. The association has cancelled registration qualifications for private equity managers at six companies after
Published 28 Jan, 2017 12:00am
China punishes firms for illegal stock trades

China punishes firms for illegal stock trades

The Asset Management Association of China has punished seven Chinese companies for illegal stock trades, state news agency Xinhua said on Friday. The association has cancelled registration qualifications for private equity managers at six companies after
Published 28 Jan, 2017 12:00am
Alphabet profit up as 'big bets' show promise

Alphabet profit up as 'big bets' show promise

Google parent Alphabet on Thursday reported that its profit in the final three months of last year climbed on growth in mobile search and video-sharing service YouTube. For earnings purposes, Alphabet separates operations such as self-driving cars and Nes
Published 28 Jan, 2017 12:00am
Alphabet profit up as 'big bets' show promise

Alphabet profit up as 'big bets' show promise

Google parent Alphabet on Thursday reported that its profit in the final three months of last year climbed on growth in mobile search and video-sharing service YouTube. For earnings purposes, Alphabet separates operations such as self-driving cars and Nes
Published 28 Jan, 2017 12:00am
Caterpillar sees modest mining uptick after big Q4 loss

Caterpillar sees modest mining uptick after big Q4 loss

Caterpillar pointed to signs of modest recovery in its long-beleaguered mining and resources division amid better prices, even as it reported a steep loss in the fourth quarter Thursday. Caterpillar, which manufacturers equipment for the construction, min
Published 28 Jan, 2017 12:00am
Caterpillar sees modest mining uptick after big Q4 loss

Caterpillar sees modest mining uptick after big Q4 loss

Caterpillar pointed to signs of modest recovery in its long-beleaguered mining and resources division amid better prices, even as it reported a steep loss in the fourth quarter Thursday. Caterpillar, which manufacturers equipment for the construction, min
Published 28 Jan, 2017 12:00am
Singapore factory output records strongest rise in 5 years

Singapore factory output records strongest rise in 5 years

Singapore's industrial production in December grew at the strongest pace in five years as electronics output surged, raising the chances of an upward revision to fourth-quarter growth. Manufacturing output in December jumped 21.3 percent from a year earli
Published 28 Jan, 2017 12:00am
SK Hynix Q4 profit jump on rising chip prices

SK Hynix Q4 profit jump on rising chip prices

South Korean chipmaker SK Hynix saw Q4 profits leap nearly 90 percent, it said Thursday, fuelled by a pickup in global demand from smartphone manufacturers coupled with rising chip prices. In a statement, SK Hynix said it posted 1.63 trillion won ($1.41 b
Published 28 Jan, 2017 12:00am
SK Hynix Q4 profit jump on rising chip prices

SK Hynix Q4 profit jump on rising chip prices

South Korean chipmaker SK Hynix saw Q4 profits leap nearly 90 percent, it said Thursday, fuelled by a pickup in global demand from smartphone manufacturers coupled with rising chip prices. In a statement, SK Hynix said it posted 1.63 trillion won ($1.41 b
Published 28 Jan, 2017 12:00am
ExxonMobil names climate scientist to its board

ExxonMobil names climate scientist to its board

Oil giant ExxonMobil, long criticised over its stance on climate change and production of fossil fuels, has appointed a leading climate scientist to its board of directors. Susan Avery, an atmospheric physicist and former president of the famed Woods Hole
Published 28 Jan, 2017 12:00am
Ericsson profits plunge in 2016
Currency

Ericsson profits plunge in 2016

Swedish telecoms equipment maker Ericsson said Thursday its earnings plunged in 2016 on weak demand for mobile broadband networks in its developing markets, which were hit by economic slumps. While the earnings report was gloomy reading, including a loss
Published 28 Jan, 2017 12:00am
Ericsson profits plunge in 2016
Currency

Ericsson profits plunge in 2016

Swedish telecoms equipment maker Ericsson said Thursday its earnings plunged in 2016 on weak demand for mobile broadband networks in its developing markets, which were hit by economic slumps. While the earnings report was gloomy reading, including a loss
Published 28 Jan, 2017 12:00am
Black South Africans still earn far less than whites

Black South Africans still earn far less than whites

Black South Africans earned on average only about one-fifth as much as their white counterparts in 2015, according to data published by Statistics South Africa on Friday. Annual household income for blacks stood at an average of 92,893 rand (about $7,000)
Published 28 Jan, 2017 12:00am
Spanish retail sales rise 2.9 percent

Spanish retail sales rise 2.9 percent

Spanish retail sales rose 2.9 percent in December on a seasonally-adjusted annual basis, capping a strong year for consumer spending in spite of a period of political uncertainty, the National Statistics Institute (INE) said on Friday. December's reading
Published 28 Jan, 2017 12:00am
Asian naphtha in steep backwardation on supply crunch

Asian naphtha in steep backwardation on supply crunch

The Asian naphtha inter-month spread was steep in backwardation because of squeezed supplies after a refinery fire, lack of alternative feedstock and low European cargoes arriving in Asia next month. A backwardated market occurs when the prompt-month pric
Published 28 Jan, 2017 12:00am
Prices of seed cotton hit season's high
Cotton

Prices of seed cotton hit season's high

Prices of Phutti (seed cotton) touched season's record level on the cotton market on Friday as buyers were active to replenish their stock, dealers said. The official spot rate recovered by Rs 100 to Rs 6600, dealers said. In Sindh, seed cotton prices wer
Published 28 Jan, 2017 12:00am
US natural gas futures edge up on cold weather

US natural gas futures edge up on cold weather

US natural gas futures on Wednesday edged up to a near one-week high on forecasts for steady, colder-than-normal weather and higher heating demand into the second week of February. Front-month gas futures for February delivery on the New York Mercantile E
Published 28 Jan, 2017 12:00am
China's corn prices rise by talk of regional stockpiler

China's corn prices rise by talk of regional stockpiler

China's corn futures are on track to rise almost 3 percent this month, on speculation that major corn-growing provinces in the world's top producer are preparing to buy grain in a bid to support farmers as demand is expected to drop, analysts said.
Published 28 Jan, 2017 12:00am
European wheat futures fall slightly

European wheat futures fall slightly

Benchmark Euro-pean wheat futures fell slightly on Wednesday as weaker Chicago prices pressured a market otherwise lacking impetus. March milling wheat, the most active contract on Paris-based Euronext, settled 0.50 euros, or 0.3 percent, lower at 169.50
Published 28 Jan, 2017 12:00am
US FOB Gulf corn, soya offers steady

US FOB Gulf corn, soya offers steady

Export premiums for corn and soyabeans shipped from the US Gulf Coast stayed mostly unchanged on Wednesday amid steady demand, traders said. Private exporters struck deals to sell 141,224 tonnes of US corn to unknown destinations for delivery in the 2016/
Published 28 Jan, 2017 12:00am
US Plains HRW wheat bids steady

US Plains HRW wheat bids steady

Hard red winter wheat (HRW) cash basis bids around the southern US Plains held steady on Wednesday, underpinned by reduced farmer sales as futures grind lower, said merchants. Abundant old-crop supplies weighed on Chicago Board of Trade Kansas City wheat
Published 28 Jan, 2017 12:00am
Activities of Karachi Port

Activities of Karachi Port

The Karachi Port handled 95,482 tonnes of cargo comprising 79,049 tonnes of import cargo and 16,433 tonnes of export cargo including 4,336 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 79,04
Published 28 Jan, 2017 12:00am
Chinese steel, iron ore rise for second day on demand hopes

Chinese steel, iron ore rise for second day on demand hopes

Steel and iron ore futures in China rose for a second day on Wednesday, supported by hopes that demand for both commodities will strengthen after the Lunar New Year holiday. Trading activity in the physical iron ore market has been slow ahead of the week-
Published 28 Jan, 2017 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Thursday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,122. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 8.26 billion and the number of lots traded was 17,412.
Published 28 Jan, 2017 12:00am
Message from Chairman - Fauji Foundation

Message from Chairman - Fauji Foundation

Today marks yet another milestone of the Fauji Group: the inauguration of Fauji Foods Limited's (FFL) world class Dairy Processing Facility. As Chairman of Pakistan's largest conglomerate, it is reassuring to see the growth and our diversification strateg
Published 28 Jan, 2017 12:00am
Message from Chief Executive & Managing Director

Message from Chief Executive & Managing Director

It gives me great pleasure to announce the inauguration of FFL's new Dairy Processing Facility. I feel an immense sense of pride to be able to witness firsthand, outcome of the hard work put in by each and every member of the team of Fauji Foods since its
Published 28 Jan, 2017 12:00am
Message from Chief Financial Officer

Message from Chief Financial Officer

The inauguration of the Fauji Foods dairy processing facility is a matter of great pride for the Fauji Group; I congratulate the entire team. The company turnaround has been achieved in a record time of 12 months through successful BMR, new brand launches
Published 28 Jan, 2017 12:00am
Message from Chief Operating Officer

Message from Chief Operating Officer

It is an honor to commemorate this milestone in the history of both FFL and the Fauji Group, and to be a part of this dedicated team. Pakistan's Dairy Food Processing industry is a competitive one and challenges have been laid out for us from the start. T
Published 28 Jan, 2017 12:00am
Karachi Chronicle: Unsuitable, unacceptable language in Sindh Assembly

Karachi Chronicle: Unsuitable, unacceptable language in Sindh Assembly

The unsavoury episode began when NusratSeherAbbasi of Pakistan Muslim League-Functional put a question to PPP Minister for Works and Services, one ImdadPitafi, who responded with a sexually suggestive remark, inviting MsAbbasi to his chamber where he woul
Published 28 Jan, 2017 12:00am
'I love the man': Trump supporters celebrate government change

'I love the man': Trump supporters celebrate government change

Donald Trump took the oath of office and stepped to the podium facing the west lawn of the Capitol and look out onto a sea of humanity - mostly supporters. Sixteen minutes later he completed his inaugural speech with a campaign slogan, which thousands in
Published 28 Jan, 2017 12:00am
ART FACTS: Connecting and disconnecting

ART FACTS: Connecting and disconnecting

Nazia Ejaz's bold coloured paintings with cultural patterns and shapes that relate an individual to its surrounding captured the viewer's attention in a solo exhibition at Canvas Gallery, Karachi. Titled "The Green Room" the show presented a world created
Published 28 Jan, 2017 12:00am
For white-collar staff, AI threatens new workplace revolution

For white-collar staff, AI threatens new workplace revolution

If your job involves inputting reams of data for a company, you might want to think about retraining in a more specialised field. Or as a plumber. After industrial robots and international trade put paid to many manufacturing jobs in the West, millions of
Published 28 Jan, 2017 12:00am
Tease your taste buds

Tease your taste buds

The Karachi Eat Food Festival was organised to the joys of fun and food loving Karachiites this year also but the food-crazy people of this city of lights enjoyed their much awaited food festival with a delay of a week due to heavy rain in the city.
Published 28 Jan, 2017 12:00am
'Droneboarding' takes off in Latvia

'Droneboarding' takes off in Latvia

Skirted on all sides by snow-clad pine forests, Latvia's remote Lake Ninieris would be the perfect picture of winter tranquillity - were it not for the huge drone buzzing like a swarm of angry bees as it zooms above the solid ice surface.
Published 28 Jan, 2017 12:00am
Ugandans invent 'smart jacket' to diagnose pneumonia

Ugandans invent 'smart jacket' to diagnose pneumonia

A team of Ugandan engineers has invented a "smart jacket" that diagnoses pneumonia faster than a doctor, offering hope against a disease which kills more children worldwide than any other.
Published 28 Jan, 2017 12:00am
Nasty or nice? Study links personality to brain shape

Nasty or nice? Study links personality to brain shape

Personality traits such as moodiness or open-mindedness are linked to the shape of one's brain, a study said Wednesday. Researchers said they found a striking correlation between structural brain differences and five main personality types.
Published 28 Jan, 2017 12:00am
Man of the hour Casey Affleck goes back to indie roots

Man of the hour Casey Affleck goes back to indie roots

Casey Affleck's stock is at an all-time high after his acclaimed performance in Kenneth Lonergan's "Manchester by the Sea" made him one of Hollywood's most recognisable faces. Yet the enigmatic 41-year-old - a best actor Golden Globe winner and a frontrun
Published 28 Jan, 2017 12:00am
BRIDGE NOTES: The brilliance of Bridge coups

BRIDGE NOTES: The brilliance of Bridge coups

In a trump contract declarer usually has a wider spectrum to cover for unlike a no trump contract where there is a straight forward race between declarer and the defence in trying to knock out first the other sides stopper to make or break the contract, i
Published 28 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 28 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 28 Jan, 2017 12:00am
Trump hails 'most special relationship' with Britain

Trump hails 'most special relationship' with Britain

President Donald Trump hailed a "most special relationship" with Britain and threw his support behind Brexit Friday, as he hosted British Prime Minister Theresa May for his debut on the diplomatic stage. At a tense moment in trans-Atlantic relations, Trum
Published 28 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 Friday (January 27, 2017).

Published 28 Jan, 2017 12:00am
Trump hails 'most special relationship' with Britain

Trump hails 'most special relationship' with Britain

President Donald Trump hailed a "most special relationship" with Britain and threw his support behind Brexit Friday, as he hosted British Prime Minister Theresa May for his debut on the diplomatic stage. At a tense moment in trans-Atlantic relations, Trum
Published 28 Jan, 2017 12:00am
Panamagate buck seems to have stopped with Dar
Currency

Panamagate buck seems to have stopped with Dar

The Supreme Court on Friday sought Federal Fin-ance Minister Ishaq Dar's confession record when he was behind the bars after General Pervez Musharraf's military coup in October 1999. According to reports, on April 25, 2000, Federal Investigation Agency br
Published 28 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 Friday (January 27, 2017).

Published 28 Jan, 2017 12:00am
Panamagate buck seems to have stopped with Dar
Currency

Panamagate buck seems to have stopped with Dar

The Supreme Court on Friday sought Federal Fin-ance Minister Ishaq Dar's confession record when he was behind the bars after General Pervez Musharraf's military coup in October 1999. According to reports, on April 25, 2000, Federal Investigation Agency br
Published 28 Jan, 2017 12:00am
FBR refuses to share audit parameters

FBR refuses to share audit parameters

Federal Board of Revenue (FBR) has refused to share risk-based parameters used for selection of cases for audit (Tax Year 2015) under a new audit policy and stated that parameters were declared confidential through an amendment in the Finance Bill 2013. A
Published 28 Jan, 2017 12:00am
FBR refuses to share audit parameters

FBR refuses to share audit parameters

Federal Board of Revenue (FBR) has refused to share risk-based parameters used for selection of cases for audit (Tax Year 2015) under a new audit policy and stated that parameters were declared confidential through an amendment in the Finance Bill 2013. A
Published 28 Jan, 2017 12:00am
FBR refuses to share audit parameters

FBR refuses to share audit parameters

Federal Board of Revenue (FBR) has refused to share risk-based parameters used for selection of cases for audit (Tax Year 2015) under a new audit policy and stated that parameters were declared confidential through an amendment in the Finance Bill 2013. A
Published 28 Jan, 2017 12:00am
China's Ant Financial buys MoneyGram

China's Ant Financial buys MoneyGram

Ant Financial Services Group, a Chinese firm controlled by Alibaba founder Jack Ma, agreed to buy US-based payments operator MoneyGram for about $880 million, the companies announced Thursday. Ant is behind Alipay, a platform that accounts for 80 percent
Published 28 Jan, 2017 12:00am
China's Ant Financial buys MoneyGram

China's Ant Financial buys MoneyGram

Ant Financial Services Group, a Chinese firm controlled by Alibaba founder Jack Ma, agreed to buy US-based payments operator MoneyGram for about $880 million, the companies announced Thursday. Ant is behind Alipay, a platform that accounts for 80 percent
Published 28 Jan, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (January 27, 2017).
Published 28 Jan, 2017 12:00am
China''s Ant Financial buys MoneyGram

China''s Ant Financial buys MoneyGram

Ant Financial Services Group, a Chinese firm controlled by Alibaba founder Jack Ma, agreed to buy US-based payments operator MoneyGram for about $880 million, the companies announced Thursday. Ant is behind Alipay, a platform that accounts for 80 percent
Published 28 Jan, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (January 27, 2017).

Published 28 Jan, 2017 12:00am
Stocks pare gains

Stocks pare gains

Pakistan Stock Exchange (PSX) Friday witnessed a highly volatile session due to impact of rollover week that dented the investor sentiment. The market started on a positive note and the benchmark KSE-100 index hit 50,887.61 points intra-day high, up 695.2
Published 28 Jan, 2017 12:00am
Stocks pare gains

Stocks pare gains

Pakistan Stock Exchange (PSX) Friday witnessed a highly volatile session due to impact of rollover week that dented the investor sentiment. The market started on a positive note and the benchmark KSE-100 index hit 50,887.61 points intra-day high, up 695.2
Published 28 Jan, 2017 12:00am
Stocks pare gains

Stocks pare gains

Pakistan Stock Exchange (PSX) Friday witnessed a highly volatile session due to impact of rollover week that dented the investor sentiment. The market started on a positive note and the benchmark KSE-100 index hit 50,887.61 points intra-day high, up 695.2
Published 28 Jan, 2017 12:00am
BRIndex30 gains 308.41 points

BRIndex30 gains 308.41 points

On Friday, BRIndex30 opened at 28,747.16 points and remained positive throughout the trading session. It touched an intraday high of 29,530.95 points and an intraday low of 28,747.16 points and closed at 29,055.57 points which was 308.41 points or 1.07 pe
Published 28 Jan, 2017 12:00am
BRIndex30 gains 308.41 points

BRIndex30 gains 308.41 points

On Friday, BRIndex30 opened at 28,747.16 points and remained positive throughout the trading session. It touched an intraday high of 29,530.95 points and an intraday low of 28,747.16 points and closed at 29,055.57 points which was 308.41 points or 1.07 pe
Published 28 Jan, 2017 12:00am
Senators say consumers won't repent for government's Nandipur sin

Senators say consumers won't repent for government's Nandipur sin

A parliamentary panel headed by Senator Nauman Wazir said on Friday that it would not allow the government to pass on additional cost of Rs 36 billion of 425 MW Nandipur power project on to consumers through tariff. During the meeting, Asif Sheikh, Additi
Published 28 Jan, 2017 12:00am
Senators say consumers won't repent for government's Nandipur sin

Senators say consumers won't repent for government's Nandipur sin

A parliamentary panel headed by Senator Nauman Wazir said on Friday that it would not allow the government to pass on additional cost of Rs 36 billion of 425 MW Nandipur power project on to consumers through tariff. During the meeting, Asif Sheikh, Additi
Published 28 Jan, 2017 12:00am
Senators say consumers won''t repent for government''s Nandipur sin

Senators say consumers won''t repent for government''s Nandipur sin

A parliamentary panel headed by Senator Nauman Wazir said on Friday that it would not allow the government to pass on additional cost of Rs 36 billion of 425 MW Nandipur power project on to consumers through tariff. During the meeting, Asif Sheikh, Additi
Published 28 Jan, 2017 12:00am
Wind power tariff announced

Wind power tariff announced

National Electric Power Regulatory Authority (Nepra) has announced benchmark levelised tariff of 6.7467 cents per unit KWh for wind power plant on 100% foreign financing discounted at 10% per annum and 7.7342 cents per unit on 100% local financing. The ne
Published 28 Jan, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (January 27, 2017).

Published 28 Jan, 2017 12:00am
Wind power tariff announced

Wind power tariff announced

National Electric Power Regulatory Authority (Nepra) has announced benchmark levelised tariff of 6.7467 cents per unit KWh for wind power plant on 100% foreign financing discounted at 10% per annum and 7.7342 cents per unit on 100% local financing. The ne
Published 28 Jan, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (January 27, 2017).

Published 28 Jan, 2017 12:00am
Wind power tariff announced

Wind power tariff announced

National Electric Power Regulatory Authority (Nepra) has announced benchmark levelised tariff of 6.7467 cents per unit KWh for wind power plant on 100% foreign financing discounted at 10% per annum and 7.7342 cents per unit on 100% local financing. The ne
Published 28 Jan, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (January 27, 2017).

Published 28 Jan, 2017 12:00am
NPLs of housing finance down 12 percent in July-September

NPLs of housing finance down 12 percent in July-September

Non-Performing Loans (NPLs) of housing finance shrank by 12 percent during the July-September 2016. The total number of borrowers classified as NPLs also declined to 35,105, out of total 65,830 borrowers. According to State Bank of Pakistan (SBP), NPLs of
Published 28 Jan, 2017 12:00am
NPLs of housing finance down 12 percent in July-September

NPLs of housing finance down 12 percent in July-September

Non-Performing Loans (NPLs) of housing finance shrank by 12 percent during the July-September 2016. The total number of borrowers classified as NPLs also declined to 35,105, out of total 65,830 borrowers. According to State Bank of Pakistan (SBP), NPLs of
Published 28 Jan, 2017 12:00am
NPLs of housing finance down 12 percent in July-September

NPLs of housing finance down 12 percent in July-September

Non-Performing Loans (NPLs) of housing finance shrank by 12 percent during the July-September 2016. The total number of borrowers classified as NPLs also declined to 35,105, out of total 65,830 borrowers. According to State Bank of Pakistan (SBP), NPLs of
Published 28 Jan, 2017 12:00am
NPLs of housing finance down 12 percent in July-September

NPLs of housing finance down 12 percent in July-September

Non-Performing Loans (NPLs) of housing finance shrank by 12 percent during the July-September 2016. The total number of borrowers classified as NPLs also declined to 35,105, out of total 65,830 borrowers. According to State Bank of Pakistan (SBP), NPLs of
Published 28 Jan, 2017 12:00am
Meeting over National Assembly scuffle ends inclusively

Meeting over National Assembly scuffle ends inclusively

A meeting of parliamentary party leaders chaired by National Assembly Speaker Sardar Ayaz Sadiq over Thursday's brawl and scuffle between Pakistan Tehreek-e-Insaf (PTI) and Pakistan Muslim League-Nawaz (PML-N) lawmakers in the lower house of the Parliamen
Published 28 Jan, 2017 12:00am
Meeting over National Assembly scuffle ends inclusively

Meeting over National Assembly scuffle ends inclusively

A meeting of parliamentary party leaders chaired by National Assembly Speaker Sardar Ayaz Sadiq over Thursday's brawl and scuffle between Pakistan Tehreek-e-Insaf (PTI) and Pakistan Muslim League-Nawaz (PML-N) lawmakers in the lower house of the Parliamen
Published 28 Jan, 2017 12:00am
Strategic sale of Kapco considered

Strategic sale of Kapco considered

Cabinet Committee on Privatisation (CCOP) has considered the strategic sale of Kot Addu Power Company Limited (Kapco) and directed Ministry of Water & Power and Privatisation Commission to complete all formalities before seeking a formal approval. A meeti
Published 28 Jan, 2017 12:00am
Strategic sale of Kapco considered

Strategic sale of Kapco considered

Cabinet Committee on Privatisation (CCOP) has considered the strategic sale of Kot Addu Power Company Limited (Kapco) and directed Ministry of Water & Power and Privatisation Commission to complete all formalities before seeking a formal approval. A meeti
Published 28 Jan, 2017 12:00am
Strategic sale of Kapco considered

Strategic sale of Kapco considered

Cabinet Committee on Privatisation (CCOP) has considered the strategic sale of Kot Addu Power Company Limited (Kapco) and directed Ministry of Water & Power and Privatisation Commission to complete all formalities before seeking a formal approval. A meeti
Published 28 Jan, 2017 12:00am
Census: CoAS okays deployment of 200,000 troops

Census: CoAS okays deployment of 200,000 troops

Chief of Army Staff (CoAS) General Qam-ar Javed Bajwa has approved the deployment of up to 200,000 troops for forthcoming sixth national population census, said Inter-Services Public Relations (ISPR). According to the ISPR, the troops will be deployed whi
Published 28 Jan, 2017 12:00am
Census: CoAS okays deployment of 200,000 troops

Census: CoAS okays deployment of 200,000 troops

Chief of Army Staff (CoAS) General Qam-ar Javed Bajwa has approved the deployment of up to 200,000 troops for forthcoming sixth national population census, said Inter-Services Public Relations (ISPR). According to the ISPR, the troops will be deployed whi
Published 28 Jan, 2017 12:00am
SHC orders CS to de-notify Murtaza Wahab as adviser

SHC orders CS to de-notify Murtaza Wahab as adviser

Sindh High Court has ordered Sindh chief secretary to de-notify the appointment of Murtaza Wahab as the adviser to the Sindh Chief Minister on Law immediately and produce notification of his removal. Aaj News reported on Friday night that the SHC also war
Published 28 Jan, 2017 12:00am
Top general resigns in NATO member Poland

Top general resigns in NATO member Poland

Poland's top general resigned on Friday, the latest senior military figure to quit at a time when US and NATO troops are deploying in the country to reinforce the alliance's eastern flank. The surprise resignations of several key generals over the last ye
Published 28 Jan, 2017 12:00am
Achakzai says Prime Minister fails to deliver on CPEC route promise

Achakzai says Prime Minister fails to deliver on CPEC route promise

The Senate Standing Committee on Communication noted on Friday that the government is ignoring the parliamentary panel's recommendations, saying the government is giving priority to other routes instead of western route of China-Pakistan Economic Corridor
Published 28 Jan, 2017 12:00am
Achakzai says Prime Minister fails to deliver on CPEC route promise

Achakzai says Prime Minister fails to deliver on CPEC route promise

The Senate Standing Committee on Communication noted on Friday that the government is ignoring the parliamentary panel's recommendations, saying the government is giving priority to other routes instead of western route of China-Pakistan Economic Corridor
Published 28 Jan, 2017 12:00am
Achakzai says Prime Minister fails to deliver on CPEC route promise

Achakzai says Prime Minister fails to deliver on CPEC route promise

The Senate Standing Committee on Communication noted on Friday that the government is ignoring the parliamentary panel''s recommendations, saying the government is giving priority to other routes instead of western route of China-Pakistan Economic Corrido
Published 28 Jan, 2017 12:00am
US man charged with attacking Muslim airline worker

US man charged with attacking Muslim airline worker

A US man has been charged with attacking a Muslim airline employee in New York, allegedly unleashing a tirade of abuse, kicking her and threatening that President Donald Trump would "get rid of all of you." The 57-year-old man from Massachusetts is accuse
Published 28 Jan, 2017 12:00am
US man charged with attacking Muslim airline worker

US man charged with attacking Muslim airline worker

A US man has been charged with attacking a Muslim airline employee in New York, allegedly unleashing a tirade of abuse, kicking her and threatening that President Donald Trump would "get rid of all of you." The 57-year-old man from Massachusetts is accuse
Published 28 Jan, 2017 12:00am
NTDC connects 1320 megawatts SCFPP to national grid

NTDC connects 1320 megawatts SCFPP to national grid

National Transmission and Despatch Company Ltd (NTDC) has connected 1320 MW Sahiwal Coal Fired Power Plant with national grid through a 500 kV transmission line under China Pakistan Economic Corridor (CPEC) framework. Construction work of the 5 km long tr
Published 28 Jan, 2017 12:00am
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