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Archive - 2017-02-04
New Zealand beat India in Davis Cup doubles
Sports

New Zealand beat India in Davis Cup doubles

NEW DELHI: New Zealand's Artem Sitak and Michael Venus beat India's Leander Paes and Vishnu Vardhan on Saturday in the Davis Cup doubles rubber in Pune, with the host's still leading the Asia/Oceania Group I tie 2-1.
Published 04 Feb, 2017 04:38pm
Bees stop play for an hour in S.Africa ODI
Cricket

Bees stop play for an hour in S.Africa ODI

JOHANNESBURG: A swarm of bees halted play for over an hour and left the teams prone on the pitch during the third one-day international between South Africa and Sri Lanka on Saturday.
Published 04 Feb, 2017 03:38pm
ICC moves closer to Test shake-up
Cricket

ICC moves closer to Test shake-up

LONDON: The International Cricket Council has moved closer to a radical shake-up to pave the way for Afghanistan and Ireland to become Test nations and restrict the power of the 'Big Three' India, England and Australia.
Published 04 Feb, 2017 03:37pm
Merkel hopes for 'fair' EU-Mercosur trade deal
Europe

Merkel hopes for 'fair' EU-Mercosur trade deal

BERLIN: German Chancellor Angela Merkel said Saturday that she would work toward securing a "fair" free-trade deal between the EU and Mercosur, the South American economic bloc.
Published 04 Feb, 2017 03:01pm
South Africa launches 'global' T20 league
Cricket

South Africa launches 'global' T20 league

JOHANNESBURG: Cricket South Africa on Saturday announced plans for a Twenty20 league which it hopes will attract major international investment and big-name players.
Published 04 Feb, 2017 01:14pm
Bombshell Betty by Stephen Crosson
Featured Photos

Bombshell Betty by Stephen Crosson

Photo Credit: Stephen Crosson%D%AStephen Crosson is a photographer based in Southfield, Michigan who loves to travel to capture moments in life from a different perspective.
Published 04 Feb, 2017 12:32pm
Police kill two separatists in IoK
Front Top News

Police kill two separatists in IoK

SRINAGAR: Two suspected separatists were killed Saturday in Indian occupied Kashmir (IoK) in a firefight that broke out when government forces intercepted a vehicle they were travelling in, police said.
Published 04 Feb, 2017 12:30pm
UN lifts sanctions on Gulbuddin Hekmatyar
World Top News

UN lifts sanctions on Gulbuddin Hekmatyar

KABUL: The UN Security Council has lifted sanctions on the notorious Afghan warlord Gulbuddin Hekmatyar, previously branded "a global terrorist" and accused of war crimes.
Published 04 Feb, 2017 12:23pm
Grandiose Expression by Steve Jenness
Featured Photos

Grandiose Expression by Steve Jenness

Photo Credit: Steve Jenness%D%ASteve Jenness is a talented 25-year-old self taught photographer, traveler and outdoor nerd based out of Boston, Massachusetts.
Published 04 Feb, 2017 12:21pm
Orla In Infancy by Sara Tasker
Featured Photos

Orla In Infancy by Sara Tasker

Photo Credit: Sara Tasker%D%ASara Tasker is a talented self-taught photographer, writer and blogger who currently lives and works in rural Yorkshire, England with her daughter Orla.
Published 04 Feb, 2017 12:17pm
Rhododendron Gunki by Stephen Voss
Featured Photos

Rhododendron Gunki by Stephen Voss

Photo Credit: Stephen Voss%D%AStephen Voss is a professional photographer based in Washington, DC who takes memorable photographs for magazines, newspapers and organizations around the world.
Published 04 Feb, 2017 12:11pm
Sunny Apricot by Roeselien Raimond
Featured Photos

Sunny Apricot by Roeselien Raimond

Photo Credit: Roeselien Raimond %D%ARoeselien Raimond is a talented Dutch photographer and artist based in the crowded centre of the Netherlands.
Published 04 Feb, 2017 11:58am
Defiant Iran in missile exercise day after US sanctions
Front Top News

Defiant Iran in missile exercise day after US sanctions

TEHRAN: Iran is to deploy missiles for a Revolutionary Guards exercise Saturday in a show of defiance a day after the United States imposed sanctions over a ballistic missile test launch last weekend.
Published 04 Feb, 2017 10:11am
ICC signals the end of Big Three
Cricket

ICC signals the end of Big Three

DUBAI: Test match and one-day international cricket is braced for a radical shake-up which could also see Afghanistan and Ireland eventually grabbing Test status, a report claimed.
Published 04 Feb, 2017 10:02am
1711 illegal Pakistanis deported from EU
General News

1711 illegal Pakistanis deported from EU

ISLAMABAD: The newly developed Standard Operating Procedures (SOPs) by Ministry of Interior have helped in reducing number of illegal Pakistani immigrants from European countries which was 5279 in 2013 and reached 1711 till November 2016.
Published 04 Feb, 2017 09:44am
Amreli: Weak first half
Miscellaneous

Amreli: Weak first half

Amreli Steels (PSX: ASTL) announced its half-year accounts ending December 2016 marking a less than encouraging period for the company this fiscal year.
Published 04 Feb, 2017 08:46am
Trump orders review of Dodd-Frank financial reforms
World

Trump orders review of Dodd-Frank financial reforms

WASHINGTON: President Donald Trump on Friday ordered a review of key reforms enacted after the 2008 financial crisis, in the first step towards scaling back toughened regulations on the banking industry.
Published 04 Feb, 2017 08:44am
Trumps travel ban will not affect Pakistan
Front Top News

Trumps travel ban will not affect Pakistan

WASHINGTON: The travel ban imposed by the United States President Donald Trump on seven Muslim-majority countries will not affect Pakistan.
Published 04 Feb, 2017 08:43am
Indians go to the polls in test for Modi's cash ban
Asia

Indians go to the polls in test for Modi's cash ban

NEW DELHI: Millions of Indians began voting Saturday in regional elections seen as the first major test of Prime Minister Narendra Modi's party after his controversial move to ban all high-value notes last year.
Published 04 Feb, 2017 08:34am
Disputed islands are covered by US-Japan treaty
Asia

Disputed islands are covered by US-Japan treaty

TOKYO: An island chain at the centre of a festering dispute between Japan and China is covered by an American military guarantee, Donald Trump's new defence secretary said Saturday.
Published 04 Feb, 2017 08:29am
China warns US after Mattis says Senakus covered by treaty
Asia

China warns US after Mattis says Senakus covered by treaty

BEIJING: China warned the United States Saturday not to destabilise East Asia after Donald Trump's new defence secretary said an island chain claimed by both Tokyo and Beijing was covered by a US-Japan military accord.
Published 04 Feb, 2017 08:28am
Trump slaps sanctions on Iran as tension mounts
Front Top News

Trump slaps sanctions on Iran as tension mounts

WASHINGTON: US President Donald Trump slapped fresh sanctions on Iran's weapons procurement network, provoking an angry response from Tehran in what is an increasingly tense stand-off.
Published 04 Feb, 2017 08:07am
US revoks 60,000 visas
Front Top News

US revoks 60,000 visas

WASHINGTON: The United States revoked 60,000 travel visas after President Donald Trump ordered a ban on visitors from seven mainly-Muslim countries, the State Department said Friday.
Published 04 Feb, 2017 07:55am
Pakistan victorious start to Davis Cup
Sports

Pakistan victorious start to Davis Cup

ISLAMABAD: Pakistan welcomed a victorious return of international tennis after a 12-year hiatus on Friday, taking a 2-0 lead against Iran in a group II Davis Cup match in Islamabad.
Published 04 Feb, 2017 07:39am
SBS to conduct CMI from February

SBS to conduct CMI from February

Sindh Bureau of Statistics (SBS) in collaboration with Pakistan Bureau of Statistics, Islamabad is going to conduct "Census of Manufacturing Industries (CMI) 2015-16" from February 2017, in the province of Sindh.
Published 04 Feb, 2017 12:00am
Kashmiris should be granted right of plebiscite: Fazl

Kashmiris should be granted right of plebiscite: Fazl

Chairman Special Committee of the Parliament on Kashmir Maulana Fazl-Ur-Rahman, Friday said Pakistan would continue its support to Kashmiri brethren for their just struggle to right to self determination. Addressing a seminar on "Solidarity of Kashmir" he
Published 04 Feb, 2017 12:00am
LTU Islamabad adopts illegal way to collect tax from steel sector

LTU Islamabad adopts illegal way to collect tax from steel sector

Large Taxpayer Unit (LTU) Islamabad has adopted an illegal way to collect sales tax from steel sector resulting in double taxation on steel melters and re-rolling mills. Sources toldBusiness Recorder here on Friday that a full bench of Appellate Tr
Published 04 Feb, 2017 12:00am
PTA issues 'illegal' notices to ISPs

PTA issues 'illegal' notices to ISPs

Pakistan Telecommunication Authority (PTA) has issued notices to some service providers for providing satellite-based internet services illegally in the country, it is reliably learnt. Official sources revealed toBusiness Recorder on Friday that so
Published 04 Feb, 2017 12:00am
About 10.63 million bales of cotton reach ginneries
Cotton

About 10.63 million bales of cotton reach ginneries

Pakistan Cotton Ginners Association (PCGA) has issued the figures of cotton arrival up to January 31st, 2017. Seed cotton (Phutti) equivalent to over 10,634,627 bales of cotton have reached ginneries across Pakistan as of January 31st, showing an increase
Published 04 Feb, 2017 12:00am
JCR-VIS assigned rating to Sindh Modaraba

JCR-VIS assigned rating to Sindh Modaraba

JCR-VIS has assigned long term and short term credit rating of A+ and A1 respectively to Sindh Modaraba with a stable outlook. Sindh Modaraba, floated in Jan-2015 with a paid-up capital of Rs 450 million, is managed by Sindh Modaraba Management Limited, a
Published 04 Feb, 2017 12:00am
JCR-VIS assigned rating to Sindh Modaraba

JCR-VIS assigned rating to Sindh Modaraba

JCR-VIS has assigned long term and short term credit rating of A+ and A1 respectively to Sindh Modaraba with a stable outlook. Sindh Modaraba, floated in Jan-2015 with a paid-up capital of Rs 450 million, is managed by Sindh Modaraba Management Limited, a
Published 04 Feb, 2017 12:00am
LHC seeks reply against ban on Indian content on TV

LHC seeks reply against ban on Indian content on TV

The Chief Justice of Lahore High Court issued notices on Friday to the federal government and Pakistan Electronic Media Regulatory Authority (PEMRA) for February 9 in a petition challenging ban on broadcasting of Indian content on television.
Published 04 Feb, 2017 12:00am
Samsung launches Galaxy A3/A5/A7 series

Samsung launches Galaxy A3/A5/A7 series

Samsung Electronics has launched the new range of Galaxy A3/A5/A7 2017 smartphones in Pakistan at a ceremony held here on Friday. Speaking the launching ceremony, the Samsung Pakistan President JH Lee briefed the participants about the salient features of
Published 04 Feb, 2017 12:00am
EU leaders slam Trump, ink Libya migrant deal

EU leaders slam Trump, ink Libya migrant deal

European Union leaders agreed a plan to curb mass migration from Libya at a special summit in Malta Friday that was overshadowed by the challenges of Donald Trump and Brexit. Faced with a surge in migrants this spring, the 28 leaders backed steps includin
Published 04 Feb, 2017 12:00am
Journalist killed in Bangladesh

Journalist killed in Bangladesh

A Bangladeshi journalist was killed while covering clashes between two factions of the ruling Awami League party in a northern district, police officials said Friday. Abdul Hakim Shimul, a correspondent in Sirajganj in northern Bangladesh for Bangla daily
Published 04 Feb, 2017 12:00am
Angola President Dos Santos to step down after 37 years

Angola President Dos Santos to step down after 37 years

Veteran Angolan President Jose Eduardo dos Santos announced Friday he will not run in August elections, signalling the end to 37 years in power and naming his defence minister as the candidate to succeed him. The autocratic 74-year-old has been the oil-ri
Published 04 Feb, 2017 12:00am
Dutch city unveils 'largest ever Mondrian painting'

Dutch city unveils 'largest ever Mondrian painting'

Dutch officials unveiled Friday what they called "the largest Mondrian painting in the world" to celebrate The Netherlands' best-known abstract artist, who helped found an influential art movement a century ago. The replica "painting" made from thin stick
Published 04 Feb, 2017 12:00am
Former Norwegian Prime Minister held in US over Iran visa

Former Norwegian Prime Minister held in US over Iran visa

A former Norwegian prime minister said he was held at a Washington airport for one hour because of an Iranian visa in his passport, an incident he described as "provocative". "There is no reason to be afraid of a former head of government who has been on
Published 04 Feb, 2017 12:00am
Norway picks German subs amid Russia tensions

Norway picks German subs amid Russia tensions

Norway has chosen Germany's Thyssenkrupp (TKMS) to deliver four submarines to its navy, its defence minister said Friday, amid concerns over Russia's military activities in the far north.
Published 04 Feb, 2017 12:00am
US stands '100 percent shoulder-to-shoulder' with Japan: Mattis

US stands '100 percent shoulder-to-shoulder' with Japan: Mattis

US Defense Secretary James Mattis said Friday that the United States stands "100 percent" with Japan on a visit to reassure Asian allies rattled by President Donald Trump's isolationist rhetoric. Mattis spoke in Tokyo on the first overseas tour by a senio
Published 04 Feb, 2017 12:00am
Radiation level in Fukushima plant at record high

Radiation level in Fukushima plant at record high

Radiation levels inside a stricken reactor at Japan's Fukushima nuclear plant have hit a record high capable of shutting down robots, in the latest challenge to efforts aimed at dismantling the disaster-hit facility. Radiation levels inside the plant's No
Published 04 Feb, 2017 12:00am
Machete attacker shot at Louvre in Paris

Machete attacker shot at Louvre in Paris

A French soldier patrolling at the Louvre museum shot and seriously injured a machete-wielding attacker on Friday, thrusting security and the terror threat back into the limelight three months before elections. Police held hundreds of tourists in secure a
Published 04 Feb, 2017 12:00am
Trump blast rattles alliance with Australia

Trump blast rattles alliance with Australia

Australia on Friday was scrambling to come to terms with the realisation that decades as one of the closest of US allies may count for little in the "America First" vision of President Donald Trump. Australia has fought alongside the United States in most
Published 04 Feb, 2017 12:00am
Saudi diplomat jailed in Singapore

Saudi diplomat jailed in Singapore

A Beijing-based Saudi diplomat was sentenced in Singapore Friday to more than two years in jail and four strokes of a cane for molesting a hotel intern. Bander Yahya A. Alzahrani, 39, was sentenced to 26 months and one week in prison after being convicted
Published 04 Feb, 2017 12:00am
Tigerair Australia axes Bali flights

Tigerair Australia axes Bali flights

Tigerair Australia has scrapped all flights to the resort island of Bali, the airline said Friday, after failing to obtain regulatory approval from Indonesian authorities. Hundreds of tourists were stranded in Bali last month when the carrier's flights we
Published 04 Feb, 2017 12:00am
Davis Cup returns to victorious Pakistan

Davis Cup returns to victorious Pakistan

Pakistan on Friday welcomed the return of international tennis after a 12-year hiatus, taking a 2-0 lead against Iran in a group II Davis Cup match in Islamabad. International sporting events have been rarely held in the country which has fought a home-gr
Published 04 Feb, 2017 12:00am
India lead New Zealand 2-0

India lead New Zealand 2-0

Yuki Bhambri and Ramkumar Ramanathan on Friday notched up straight-set victories to give India a commanding 2-0 lead over New Zealand in the Davis Cup Asia/Oceania Group I tie in Pune. The left-handed Bhambri eased past Finn Tearney 6-4, 6-4, 6-3 in the o
Published 04 Feb, 2017 12:00am
Olympia win in Rafi Polo Cup

Olympia win in Rafi Polo Cup

Olympia defeated Guard Group/Dascon Construction by 7-6 to qualify for the Rafi Group Polo Cup 2017 main final here at the Lahore Polo Club (LPC) ground on Friday. Guard Group opened their account through Saqib Khan Khakwani to take lead but soon Olympia
Published 04 Feb, 2017 12:00am
Australia take command over Czechs

Australia take command over Czechs

Nick Kyrgios conceded just seven games in powering Australia to a 2-0 rubber lead over the Czech Republic after the first day of the Davis Cup World Group tie in Melbourne on Friday. The controversial world number 15 took just 95 minutes to reel off a 6-2
Published 04 Feb, 2017 12:00am
Clinical France batter Japan in Davis Cup singles

Clinical France batter Japan in Davis Cup singles

France took an early stranglehold on their Davis Cup first-round tie against Japan on Friday as Richard Gasquet and Gilles Simon dominated the opening day's singles matches. Former Wimbledon semi-finalist Gasquet swept past Taro Daniel 6-2, 6-3, 6-2 in To
Published 04 Feb, 2017 12:00am
All Chitral Football Tournament concluded

All Chitral Football Tournament concluded

All Chitral Football Tournament, which was organised in Peshawar, concluded on Friday. The final match of the tournament was played at Afghan Stadium where Hayat Club defeated Naujawanan Nishkoh Club 1-0 after a tough contest. Peshawar district nazim, Arb
Published 04 Feb, 2017 12:00am
Fahad, Kainat take Iran's Day TT titles

Fahad, Kainat take Iran's Day TT titles

International Fahad Khawaja and Kainat Malik clinched the titles of the Iran's National Day Table Tennis Boys and Girls singles played here at Consulate General Peshawar premises on Friday.
Published 04 Feb, 2017 12:00am
French clubs now among biggest spenders

French clubs now among biggest spenders

French clubs splashed out 156 million euros ($168 million) in the winter transfer window, third only to the big-spending Premier League and Chinese Super League, French league officials said on Friday.
Published 04 Feb, 2017 12:00am
Pietersen pulls out of IPL auction

Pietersen pulls out of IPL auction

Former England captain Kevin Pietersen ruled himself out Friday of the lucrative Indian Premier League Twenty20 tournament, saying he needed a breather after a packed schedule in recent months.
Published 04 Feb, 2017 12:00am
Pietersen fined over Big Bash comment

Pietersen fined over Big Bash comment

Former England captain Kevin Pietersen has been charged with a code of conduct breach in Australia's Twenty20 Big Bash League and fined, Cricket Australia said on Friday. He was reported for breaching CA's code of conduct in making a comment detrimental t
Published 04 Feb, 2017 12:00am
Bolt in hurry to bring T20 success to track

Bolt in hurry to bring T20 success to track

The athletics world is hoping to cash in on the success of cricket's high-octane Twenty20 format with a new team event spearheaded by Usain Bolt which starts Saturday in Australia. The inaugural Nitro Athletics in Melbourne, which will also be held on Feb
Published 04 Feb, 2017 12:00am
Svitolina reaches Taiwan Open semi-finals

Svitolina reaches Taiwan Open semi-finals

Top seed Elina Svitolina of Ukraine won a tough battle against Tunisia's Ons Jabeur to reach the Taiwan Open semi-finals on Friday. Struggling with a flu since arriving in Taipei, Svitolina, ranked 13th, narrowly defeated the 181th-ranked Jabeur 6-1, 3-6,
Published 04 Feb, 2017 12:00am
Aussie, kiwi near multi-month peaks

Aussie, kiwi near multi-month peaks

The Australian dollar held near 12-week peaks against the US dollar on Friday, still basking in the glow of the country's biggest ever trade surplus and the promise of more to come. The Australian dollar stood at $0.7655, having climbed 1 percent on Thurs
Published 04 Feb, 2017 12:00am
Sterling slips after weak services sector data
Currency

Sterling slips after weak services sector data

Sterling slipped on Friday, heading for its first week of falls in three with investors having pushed back their expectations for a Bank of England interest rate hike and after disappointing services sector data. The latest numbers came in the closely wat
Published 04 Feb, 2017 12:00am
South Korea unlikely to be labelled currency manipulator by US
Currency

South Korea unlikely to be labelled currency manipulator by US

South Korea cannot be designated as a currency manipulator by the United States based on current US government criteria, South Korea's finance minister said on Friday. Finance Minister Yoo Il-ho told reporters the United States was unlikely to make 'carel
Published 04 Feb, 2017 12:00am
Asia forex: Taiwan dollar hits 19-month high

Asia forex: Taiwan dollar hits 19-month high

The Taiwan dollar set a 19-month high on Friday and most Asian currencies were on track for weekly gains as worries about US President Donald Trump's policy priorities helped weigh on the greenback. The Taiwan dollar breached the key 31.00 per US dollar l
Published 04 Feb, 2017 12:00am
Sri Lankan rupee falls
Currency

Sri Lankan rupee falls

The Sri Lankan rupee fell on Friday due to dollar demand from importers and banks as foreign investors continued to sell government securities, dealers said. Rupee forwards were active with two-week forwards ending at 151.15/20, compared with Thursday's c
Published 04 Feb, 2017 12:00am
Dollar rebounds on dip-buying, ruble surges in NY

Dollar rebounds on dip-buying, ruble surges in NY

The US dollar rebounded from its weakest level against a basket of major rivals since mid-November on views that the greenback's longer-term upward trend remained intact, while the ruble surged after the US Treasury adjusted sanctions on a Russian spy age
Published 04 Feb, 2017 12:00am
Early trade in NY: Dollar weakens as data shows soft US wage growth

Early trade in NY: Dollar weakens as data shows soft US wage growth

The dollar fell on Friday in choppy trading after the US employment report showed a smaller-than-expected rise in wages last month despite strong jobs gains, likely prompting the Federal Reserve to be less aggressive in raising interest rates this year. T
Published 04 Feb, 2017 12:00am
Dollar gets pre-payrolls lift in Europe
Currency

Dollar gets pre-payrolls lift in Europe

The dollar inched fractionally higher on Friday and limped towards US jobs data facing its fourth straight weekly fall, adding to what has already been its worst start to a year in three decades. The US currency has been hit hard by worries about both Don
Published 04 Feb, 2017 12:00am
Dollar gains on yen in Asia
Currency

Dollar gains on yen in Asia

The recently beleaguered dollar rose to its session high against the yen on Friday after the Bank of Japan offered to buy Japanese government bonds in a surprise operation aimed at bringing down JGB yields, as investors awaited US jobs data later in the s
Published 04 Feb, 2017 12:00am
FTSE enjoys best day of 2017 as oils and banks rally

FTSE enjoys best day of 2017 as oils and banks rally

Britain's top share index climbed to a one-week high on Friday and recorded its best one-day rise so far this year, with a rally in energy and banking stocks eclipsing weaker miners. Energy shares were supported by a rise in oil prices amid speculation ab
Published 04 Feb, 2017 12:00am
SE Asian markets largely tepid

SE Asian markets largely tepid

Most Southeast Asian stock markets marked time on Friday ahead of the release of the US monthly jobs report that will set the tone for the Federal Reserve's rate hike outlook. Nonfarm payrolls probably increased by 175,000 jobs in January, picking up from
Published 04 Feb, 2017 12:00am
Australian shares slip

Australian shares slip

Australian shares finished lower on Friday, with the mining index seeing its biggest fall in two months, after the China's central bank unexpectedly raised its short-term interest rates. The S&P/ASX 200 index closed down 0.4 percent, or 23.834 points, to
Published 04 Feb, 2017 12:00am
China stocks fall

China stocks fall

China stocks snapped a five-day winning streak on Friday after Beijing unexpectedly raised short-term interest rates on the first trading day after the Lunar New Year holiday, in a further sign it has moved to a tightening policy bias. The blue-chip CSI30
Published 04 Feb, 2017 12:00am
China billionaire-linked stocks plunge

China billionaire-linked stocks plunge

Stocks linked to missing Chinese billionaire Xiao Jianhua tumbled Friday as investors ignored a statement saying business at his vast empire was "normal" following reports of his abduction from Hong Kong by security agents.
Published 04 Feb, 2017 12:00am
Hong Kong stocks fall

Hong Kong stocks fall

Hong Kong stocks suffered their fourth consecutive session of declines on Friday, as a robust post-Christmas rebound appears to be losing steam amid uncertainty over global growth and fresh signs of policy tightening in China. Sentiment was also depressed
Published 04 Feb, 2017 12:00am
Treasuries steady

Treasuries steady

US Treasuries were steady as investors waited on Friday's employment data for January, which will be evaluated for any new indications on when the Federal Reserve is likely to next raise interest rates. The US central bank's meeting on Wednesday was viewe
Published 04 Feb, 2017 12:00am
Treasuries steady

Treasuries steady

US Treasuries were steady as investors waited on Friday's employment data for January, which will be evaluated for any new indications on when the Federal Reserve is likely to next raise interest rates. The US central bank's meeting on Wednesday was viewe
Published 04 Feb, 2017 12:00am
Sri Lankan shares hit 10-month low

Sri Lankan shares hit 10-month low

Sri Lankan shares fell to a 10-month low on Friday, dragged down by banking and beverage stocks, as investors awaited cues from the central bank's monetary policy review due early next week. Sri Lankan stocks, which have been declining since October, have
Published 04 Feb, 2017 12:00am
Wall Street stalls as market, Trump priorities diverge

Wall Street stalls as market, Trump priorities diverge

US stocks ended little changed on Thursday as the recent rally continued to stall following President Donald Trump's latest comments on trade and the policies he will pursue. The S&P 500 traded at levels it was six weeks ago, losing steam as investors foc
Published 04 Feb, 2017 12:00am
Tokyo stocks end tough week with minor gain
Currency

Tokyo stocks end tough week with minor gain

Tokyo shares ended flat Friday, with early losses erased by a retreat in the yen while investors were also looking ahead to the release of key US jobs data later in the day. The small gain was not enough to drag the Nikkei out of negative territory for a
Published 04 Feb, 2017 12:00am
Indian shares flat; post second weekly gain

Indian shares flat; post second weekly gain

Indian shares closed flat on Friday on caution ahead of the central bank's policy meeting next week, but indexes ended a second straight week with gains after the federal budget, aimed at accelerating economic growth, boosted sentiment. The broader NSE in
Published 04 Feb, 2017 12:00am
Germany will not accept tougher rules for its small banks: Bundesbank

Germany will not accept tougher rules for its small banks: Bundesbank

New global banking rules should not make banks hold more capital than already required and should ease the regulations on smaller lenders, Germany's central bank said on Thursday. Bundesbank board member Andreas Dombret said Germany would rather have no d
Published 04 Feb, 2017 12:00am
Canada risks missing expected infrastructure boost: watchdog

Canada risks missing expected infrastructure boost: watchdog

Canada's government has found projects for only a small amount of its planned infrastructure spending, putting at risk the likelihood the economy will see as much of a boost as expected, the country's parliamentary budget watchdog said on Thursday.
Published 04 Feb, 2017 12:00am
Facebook vows aggressive investment as earnings surge

Facebook vows aggressive investment as earnings surge

Facebook shares bounced Wednesday with word that profit more than doubled in the final quarter of last year, coming back down after a vow to spend heavily on the future. In earnings that topped most forecasts, Facebook said it made a net profit of $3.7 bi
Published 04 Feb, 2017 12:00am
Switzerland sanctions Coutts bank over 1MBD scandal

Switzerland sanctions Coutts bank over 1MBD scandal

Switzerland on Thursday slapped penalties on British bank Coutts & Co, saying it "seriously breached money laundering regulations" in connection with the scandal-tainted Malaysian state fund 1MDB. Switzerland's financial market regulator Finma ordered Cou
Published 04 Feb, 2017 12:00am
US job growth accelerates in January, but wages lag

US job growth accelerates in January, but wages lag

US job growth surged more than expected in January as construction firms and retailers ramped up hiring, which likely gives the Trump administration a head start as it seeks to boost the economy and employment.
Published 04 Feb, 2017 12:00am
Turkey's annual inflation edges towards double-digit
Currency

Turkey's annual inflation edges towards double-digit

Turkey's consumer prices jumped more than expected in January on the back of higher food and energy costs and lira depreciation, pushing annual inflation towards double-digits and putting further pressure on central bank monetary policy. Monthly prices ro
Published 04 Feb, 2017 12:00am
ECB calls for national bad banks to soak up unpaid loans

ECB calls for national bad banks to soak up unpaid loans

The European Central Bank's Vice President called on Friday for the creation of government-backed bad banks to help buy some of the 1 trillion euros in unpaid loans that have weighed on euro zone banks since the financial crisis. With lenders in Italy and
Published 04 Feb, 2017 12:00am
Eurozone businesses stay buoyant at start of 2017

Eurozone businesses stay buoyant at start of 2017

Eurozone businesses started 2017 by increasing activity at the same multi-year record pace they set in December and faster growth in demand suggested the good times will continue, a survey showed on Friday.
Published 04 Feb, 2017 12:00am
UK services activity slows as price pressures rocket: Markit

UK services activity slows as price pressures rocket: Markit

Growth in Britain's services sector slowed for the first time in four months in January as businesses battled the sharpest rise in their costs in more than five years, a closely watched survey showed on Friday. Britain's economy outpaced its main peers la
Published 04 Feb, 2017 12:00am
Mexico consumer confidence hits record low

Mexico consumer confidence hits record low

Mexico's consumer confidence index fell to its lowest level on record in January, the government said on Friday, amid accelerating inflation and an uncertain economic outlook after Donald Trump became president of the United States.
Published 04 Feb, 2017 12:00am
China raises short-term interest rates in fresh tightening sign

China raises short-term interest rates in fresh tightening sign

China's central bank surprised financial markets on Friday by raising short-term interest rates on the first day back from a long holiday, in a further sign of policy tightening as the economy shows signs of steadying.
Published 04 Feb, 2017 12:00am
Canadian job growth revised up

Canadian job growth revised up

The Canadian economy created slightly more jobs than previously thought in 2016, with much of the growth coming from part-time employment, though economists expect some of that deterioration in the quality of jobs to dissipate this year.
Published 04 Feb, 2017 12:00am
France's Areva picks up Japanese investors

France's Areva picks up Japanese investors

France's troubled nuclear energy company Areva announced Friday that two Japanese companies would take equity stakes as part of its restructuring as investors approved a state bailout.
Published 04 Feb, 2017 12:00am
Boeing's space taxis to use more than 600 3D-printed parts

Boeing's space taxis to use more than 600 3D-printed parts

Boeing Co has hired a small company to make about 600 3D-printed parts for its Starliner space taxis, meaning key components in the United States manned space program are being built with additive manufacturing.
Published 04 Feb, 2017 12:00am
CBOT wheat futures higher on technical buying

CBOT wheat futures higher on technical buying

Chicago Board of Trade wheat futures closed higher Wednesday for a second straight session, lifted by technical buying including short-covering, and spillover strength from soybeans and corn, traders said.
Published 04 Feb, 2017 12:00am
Cotton prices rise to seasonal high
Cotton

Cotton prices rise to seasonal high

Cotton prices touched seasonal high on the cotton market on sustained buying amid hovering fears of short supply in the coming days, dealers said on Friday.
Published 04 Feb, 2017 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 119,947 tonnes of cargo comprising 111,996 tonnes of import cargo and 7,951 tonnes of export cargo including 4,370 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday.
Published 04 Feb, 2017 12:00am
Asian gasoline crack hits one-year high

Asian gasoline crack hits one-year high

Asia's gasoline crack hit a one-year high of $12.43 a barrel on Wednesday, supported by squeezed supplies in Asia and stronger sentiment in the West, traders said.
Published 04 Feb, 2017 12:00am
Palm oil mixed on European vegoils market
Currency

Palm oil mixed on European vegoils market

Front month palm oil on the European vegetable oils market were offered firmer, while more deferred contracts were quoted slightly lower due to a lack of direction from Malaysian palm oil futures which were closed for a public holiday.
Published 04 Feb, 2017 12:00am
US FOB Gulf corn offers fall on light demand

US FOB Gulf corn offers fall on light demand

Export premiums for corn shipped from the US Gulf Coast were weaker on Wednesday amid easing CIF barge basis values and generally light demand, traders said.
Published 04 Feb, 2017 12:00am
Brazil's soyabean exports up 97 percent from a year ago

Brazil's soyabean exports up 97 percent from a year ago

The lineup of vessels expected to load soyabeans at Brazilian ports over the next month shows a spike in shipments to around twice the level of a year ago due to a speedy harvest and strong global demand.
Published 04 Feb, 2017 12:00am
Soyameal down on European feeds market

Soyameal down on European feeds market

Soyameal on the European meals and feeds market continued to fall on Wednesday on expectations of improving South American soyabean yields as crop weather improved.
Published 04 Feb, 2017 12:00am
US Plains HRW wheat bids flat

US Plains HRW wheat bids flat

Spot basis bids for hard red winter wheat were unchanged in the southern US Plains on Wednesday as K.C. wheat futures gained more than 1 percent but failed to entice significant sales from farmers, grain merchants said. K.C. March wheat was up 5-1/4 cents
Published 04 Feb, 2017 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Thursday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,167. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 8.13 billion and the number of lots traded was 17,242.
Published 04 Feb, 2017 12:00am
Who writes history?

Who writes history?

History is perceived as a record of past events. However, whatever is chronicled could be a fact or could be fiction.As Napoleon Bonaparte had once said, "What is history, but a fable agreed upon?".
Published 04 Feb, 2017 12:00am
KARACHI CHRONICLE: Of course, fair is beautiful

KARACHI CHRONICLE: Of course, fair is beautiful

Of course, fair is beautiful. Unfortunately mothers-in-law demand 'gori larki' for their sons' brides. They have made girls with dark complexion afraid of being left on the shelf. In desperation, the girls use beauty products that promise to make them fai
Published 04 Feb, 2017 12:00am
Art Facts: Sense of pride

Art Facts: Sense of pride

Aiming to promote a positive image of our country local art, culture and society was celebrated at Studio Seven gallery, Karachi by exhibiting diverse artworks of 26 artists in a group show. The participating artists belonged to three generations from sen
Published 04 Feb, 2017 12:00am
Freezing fat: what's new in beauty

Freezing fat: what's new in beauty

Move over liposuction, the new fad in fat is freezing it. As plastic surgeons, dermatologists and beauticians from around the world gather in Paris to analyse trends at the IMCAS aesthetic congress, here is some of what's new:
Published 04 Feb, 2017 12:00am
Kuwaitis seek roots in upmarket tents under the stars

Kuwaitis seek roots in upmarket tents under the stars

Nostalgic for their Bedouin roots, Kuwaitis like Ahmad al-Shimmari are following in the footsteps of their desert-dwelling ancestors living in tents under the stars - but with a touch of modern luxury.
Published 04 Feb, 2017 12:00am
Quality education: right of all children

Quality education: right of all children

The right to access quality education is a fundamental human right because it is the road that a learner follows to reach his full potential in life. Quality education helps to create ladder of opportunity for students. According to UNICEF, a quality educ
Published 04 Feb, 2017 12:00am
Tao, 98-year-old poster child for yoga and wellness

Tao, 98-year-old poster child for yoga and wellness

She is the 'World's Oldest Yoga Teacher' who, at age 98, still teaches five classes a week. But above all, Tao Porchon-Lynch is a poster child for health and positivity in a world obsessed by wellness and longevity. The former model and Hollywood contract
Published 04 Feb, 2017 12:00am
New wave of robots set to deliver the goods

New wave of robots set to deliver the goods

The robots of the future will be coming soon, rolling along at a lumbering pace with those goods you just ordered. The six-wheeled, knee-high robots from startup Starship Technologies are part of a new wave of automated systems taking aim at the "last mil
Published 04 Feb, 2017 12:00am
Undersea mystery: seahorse secrets unveiled

Undersea mystery: seahorse secrets unveiled

Scientists have unlocked some of the genetic secrets of the weird and wondrous seahorse including its exotic eccentricity of male pregnancy. Researchers said on Wednesday they sequenced the genome of a seahorse species for the first time and identified th
Published 04 Feb, 2017 12:00am
Almodovar: flamboyant free spirit of Spanish cinema

Almodovar: flamboyant free spirit of Spanish cinema

Born in the dark days of Franco's dictatorship, Pedro Almodovar has depicted the freeing up of Spanish society across 20 colourful films powered by quirky and dramatic heroines.
Published 04 Feb, 2017 12:00am
So bad, they're good: Madrid celebrates trash films

So bad, they're good: Madrid celebrates trash films

You'd think the prospect of bad acting, a terrible script and rock-bottom directing would put movie buffs off. But if Madrid's CutreCon trash film festival is anything to go by - you'd be wrong.
Published 04 Feb, 2017 12:00am
BRIDGE NOTES: Swim against the tide

BRIDGE NOTES: Swim against the tide

Duplicate Bridge is all about outplaying the opponents holding your cards to give you the above par result. Therefore, playing a pairs tournament, the dummy play becomes, all important. The one vital factor should always be kept in mind when playing a han
Published 04 Feb, 2017 12:00am
Brand Beckham? No, we stay together for love, says David

Brand Beckham? No, we stay together for love, says David

Former England football captain David Beckham has rejected suggestions he and wife Victoria stay together for commercial reasons - the Beckham "brand" - saying they simply love each other. The A-list celebrity, who helped Manchester United achieve an unpr
Published 04 Feb, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 04 Feb, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 04 Feb, 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 04 Feb, 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 04 Feb, 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 03, 2017).

Published 04 Feb, 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 03, 2017).

Published 04 Feb, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (January 03, 2017).
Published 04 Feb, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (January 03, 2017).

Published 04 Feb, 2017 12:00am
US tightens Iran sanctions, Tehran hits back

US tightens Iran sanctions, Tehran hits back

The Trump administration on Friday imposed sanctions on 25 individuals and entities, ratcheting up pressure on Iran in what it said were just "initial steps" and said it would no longer turn a "blind eye" to Iran's hostile actions. "The Trump Administrati
Published 04 Feb, 2017 12:00am
US tightens Iran sanctions, Tehran hits back

US tightens Iran sanctions, Tehran hits back

The Trump administration on Friday imposed sanctions on 25 individuals and entities, ratcheting up pressure on Iran in what it said were just "initial steps" and said it would no longer turn a "blind eye" to Iran's hostile actions. "The Trump Administrati
Published 04 Feb, 2017 12:00am
US revoks 60,000 visas

US revoks 60,000 visas

The United States revoked 60,000 travel visas after President Donald Trump ordered a ban on visitors from seven mainly-Muslim countries, the State Department said Friday. "Fewer than 60,000 individuals' visas were provisionally revoked to comply with the
Published 04 Feb, 2017 12:00am
US revoks 60,000 visas

US revoks 60,000 visas

The United States revoked 60,000 travel visas after President Donald Trump ordered a ban on visitors from seven mainly-Muslim countries, the State Department said Friday. "Fewer than 60,000 individuals' visas were provisionally revoked to comply with the
Published 04 Feb, 2017 12:00am
Chinese companies eye more land, businesses

Chinese companies eye more land, businesses

Chinese companies are in talks to snap up more businesses and land in Pakistan after sealing two major deals in recent months, a sign of deepening ties after Beijing vowed to plough $57 billion into a new trade route across the South Asian nation. A dozen
Published 04 Feb, 2017 12:00am
Chinese companies eye more land, businesses

Chinese companies eye more land, businesses

Chinese companies are in talks to snap up more businesses and land in Pakistan after sealing two major deals in recent months, a sign of deepening ties after Beijing vowed to plough $57 billion into a new trade route across the South Asian nation. A dozen
Published 04 Feb, 2017 12:00am
Chinese companies eye more land, businesses

Chinese companies eye more land, businesses

Chinese companies are in talks to snap up more businesses and land in Pakistan after sealing two major deals in recent months, a sign of deepening ties after Beijing vowed to plough $57 billion into a new trade route across the South Asian nation. A dozen
Published 04 Feb, 2017 12:00am
Prime Minister inaugurates 75km section of M-9

Prime Minister inaugurates 75km section of M-9

Prime Minister Nawaz Sharif on Friday inaugurated one of the first highway sections of his government's planned $11.5 billion spending plan on roads intended to expand trade and speed up economic growth. Sharif gave a speech and then drove in a convoy dow
Published 04 Feb, 2017 12:00am
Prime Minister inaugurates 75km section of M-9

Prime Minister inaugurates 75km section of M-9

Prime Minister Nawaz Sharif on Friday inaugurated one of the first highway sections of his government's planned $11.5 billion spending plan on roads intended to expand trade and speed up economic growth. Sharif gave a speech and then drove in a convoy dow
Published 04 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (February 03, 2017).

Published 04 Feb, 2017 12:00am
Prime Minister inaugurates 75km section of M-9

Prime Minister inaugurates 75km section of M-9

Prime Minister Nawaz Sharif on Friday inaugurated one of the first highway sections of his government''s planned $11.5 billion spending plan on roads intended to expand trade and speed up economic growth. Sharif gave a speech and then drove in a convoy do
Published 04 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (February 03, 2017).

Published 04 Feb, 2017 12:00am
Tariq Bajwa made Secretary Finance

Tariq Bajwa made Secretary Finance

Tariq Bajwa, a BS-22 officer of Secretariat Group, has been made new Secretary Finance after the retirement of Dr Waqar Masood. According to a Cabinet Division notification issued on Friday, Tariq Bajwa who was working as Secretary Economic Affairs Divisi
Published 04 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (February 03, 2017).

Published 04 Feb, 2017 12:00am
Tariq Bajwa made Secretary Finance

Tariq Bajwa made Secretary Finance

Tariq Bajwa, a BS-22 officer of Secretariat Group, has been made new Secretary Finance after the retirement of Dr Waqar Masood. According to a Cabinet Division notification issued on Friday, Tariq Bajwa who was working as Secretary Economic Affairs Divisi
Published 04 Feb, 2017 12:00am
Tariq Bajwa made Secretary Finance

Tariq Bajwa made Secretary Finance

Tariq Bajwa, a BS-22 officer of Secretariat Group, has been made new Secretary Finance after the retirement of Dr Waqar Masood. According to a Cabinet Division notification issued on Friday, Tariq Bajwa who was working as Secretary Economic Affairs Divisi
Published 04 Feb, 2017 12:00am
Trump moves to roll back financial regulation

Trump moves to roll back financial regulation

President Donald Trump took the first step Friday to undoing key reforms enacted after the 2008 financial crisis, aiming to scale back regulatory burdens on the banking industry. The initiative aims to scrap parts of the so-called Dodd-Frank law, which ba
Published 04 Feb, 2017 12:00am
Trump moves to roll back financial regulation

Trump moves to roll back financial regulation

President Donald Trump took the first step Friday to undoing key reforms enacted after the 2008 financial crisis, aiming to scale back regulatory burdens on the banking industry. The initiative aims to scrap parts of the so-called Dodd-Frank law, which ba
Published 04 Feb, 2017 12:00am
Trump moves to roll back financial regulation

Trump moves to roll back financial regulation

President Donald Trump took the first step Friday to undoing key reforms enacted after the 2008 financial crisis, aiming to scale back regulatory burdens on the banking industry. The initiative aims to scrap parts of the so-called Dodd-Frank law, which ba
Published 04 Feb, 2017 12:00am
Iran denies US wrestling team visas

Iran denies US wrestling team visas

Iran has refused visas for US athletes due to compete in an international wrestling tournament in response to President Donald Trump's travel ban on predominantly Muslim countries, the foreign ministry said Friday. "Considering the policies adopted by the
Published 04 Feb, 2017 12:00am
'Dying' carpet sector ignored by ministry

'Dying' carpet sector ignored by ministry

Ministry of Commerce (MoC) has issued a Statutory Regulatory Order (SRO) for drawback of local taxes and levies on non textile sectors but ignored the "dying" carpet sector weeks after the announcement of Rs 180 billion export incentives package by the Pr
Published 04 Feb, 2017 12:00am
'Dying' carpet sector ignored by ministry

'Dying' carpet sector ignored by ministry

Ministry of Commerce (MoC) has issued a Statutory Regulatory Order (SRO) for drawback of local taxes and levies on non textile sectors but ignored the "dying" carpet sector weeks after the announcement of Rs 180 billion export incentives package by the Pr
Published 04 Feb, 2017 12:00am
''Dying'' carpet sector ignored by ministry

''Dying'' carpet sector ignored by ministry

Ministry of Commerce (MoC) has issued a Statutory Regulatory Order (SRO) for drawback of local taxes and levies on non textile sectors but ignored the "dying" carpet sector weeks after the announcement of Rs 180 billion export incentives package by the Pr
Published 04 Feb, 2017 12:00am
GST, petroleum levy on kerosene oil, LDO abolished

GST, petroleum levy on kerosene oil, LDO abolished

The government has abolished General Sales Tax (GST) and Petroleum Levy (PL) on Kerosene Oil (KO) and Light Diesel Oil (LDO), while it has reduced PL on Motor Gasoline from Rs 4 per litre to Rs 2.25 per litre to pass on the lower international fuel price
Published 04 Feb, 2017 12:00am
GST, petroleum levy on kerosene oil, LDO abolished

GST, petroleum levy on kerosene oil, LDO abolished

The government has abolished General Sales Tax (GST) and Petroleum Levy (PL) on Kerosene Oil (KO) and Light Diesel Oil (LDO), while it has reduced PL on Motor Gasoline from Rs 4 per litre to Rs 2.25 per litre to pass on the lower international fuel price
Published 04 Feb, 2017 12:00am
GST, petroleum levy on kerosene oil, LDO abolished

GST, petroleum levy on kerosene oil, LDO abolished

The government has abolished General Sales Tax (GST) and Petroleum Levy (PL) on Kerosene Oil (KO) and Light Diesel Oil (LDO), while it has reduced PL on Motor Gasoline from Rs 4 per litre to Rs 2.25 per litre to pass on the lower international fuel price
Published 04 Feb, 2017 12:00am
GST, petroleum levy on kerosene oil, LDO abolished

GST, petroleum levy on kerosene oil, LDO abolished

The government has abolished General Sales Tax (GST) and Petroleum Levy (PL) on Kerosene Oil (KO) and Light Diesel Oil (LDO), while it has reduced PL on Motor Gasoline from Rs 4 per litre to Rs 2.25 per litre to pass on the lower international fuel price
Published 04 Feb, 2017 12:00am
Country receives $27.76 billion in loans, grants in three years

Country receives $27.76 billion in loans, grants in three years

The government received $27.76 billion in loans and grants from 12 countries and 16 organisations, including $6.4 billion from the International Monetary Fund (IMF), during the last three years (01-12-2013 to 30-11-2016). Minister for Finance, Revenue and
Published 04 Feb, 2017 12:00am
Country receives $27.76 billion in loans, grants in three years

Country receives $27.76 billion in loans, grants in three years

The government received $27.76 billion in loans and grants from 12 countries and 16 organisations, including $6.4 billion from the International Monetary Fund (IMF), during the last three years (01-12-2013 to 30-11-2016). Minister for Finance, Revenue and
Published 04 Feb, 2017 12:00am
Country receives $27.76 billion in loans, grants in three years

Country receives $27.76 billion in loans, grants in three years

The government received $27.76 billion in loans and grants from 12 countries and 16 organisations, including $6.4 billion from the International Monetary Fund (IMF), during the last three years (01-12-2013 to 30-11-2016). Minister for Finance, Revenue and
Published 04 Feb, 2017 12:00am
Dar reviews MoF programmes and activities

Dar reviews MoF programmes and activities

Finance Minister Ishaq Dar Friday chaired a meeting to review the progress on various programmes and activities of the Ministry of Finance. The newly-appointed Secretary Finance Tariq Bajwa also participated in the meeting. The Finance Minister felicitate
Published 04 Feb, 2017 12:00am
Dar reviews MoF programmes and activities

Dar reviews MoF programmes and activities

Finance Minister Ishaq Dar Friday chaired a meeting to review the progress on various programmes and activities of the Ministry of Finance. The newly-appointed Secretary Finance Tariq Bajwa also participated in the meeting. The Finance Minister felicitate
Published 04 Feb, 2017 12:00am
Dar reviews MoF programmes and activities

Dar reviews MoF programmes and activities

Finance Minister Ishaq Dar Friday chaired a meeting to review the progress on various programmes and activities of the Ministry of Finance. The newly-appointed Secretary Finance Tariq Bajwa also participated in the meeting. The Finance Minister felicitate
Published 04 Feb, 2017 12:00am
Stocks snap winning streak

Stocks snap winning streak

Pakistan Stock Exchange witnessed a volatile session as the benchmark KSE-100 index traded between 49,779.53 intraday high, up 114 points and 49,429.42 intraday low, down 235 points. The index closed at the level of 49,555.83 points with a net loss of 110
Published 04 Feb, 2017 12:00am
Stocks snap winning streak

Stocks snap winning streak

Pakistan Stock Exchange witnessed a volatile session as the benchmark KSE-100 index traded between 49,779.53 intraday high, up 114 points and 49,429.42 intraday low, down 235 points. The index closed at the level of 49,555.83 points with a net loss of 110
Published 04 Feb, 2017 12:00am
Stocks snap winning streak

Stocks snap winning streak

Pakistan Stock Exchange witnessed a volatile session as the benchmark KSE-100 index traded between 49,779.53 intraday high, up 114 points and 49,429.42 intraday low, down 235 points. The index closed at the level of 49,555.83 points with a net loss of 110
Published 04 Feb, 2017 12:00am
BRIndex30 falls 122.18 points

BRIndex30 falls 122.18 points

On Friday, BRIndex30 opened at 28,683.83 points. It touched an intraday high of 28,921.15 points and an intraday low of 28,356.73 points and closed at 28,561.65 points which was -122.18 points or -0.43 percent lower than previous close. Total volume was 2
Published 04 Feb, 2017 12:00am
BRIndex30 falls 122.18 points

BRIndex30 falls 122.18 points

On Friday, BRIndex30 opened at 28,683.83 points. It touched an intraday high of 28,921.15 points and an intraday low of 28,356.73 points and closed at 28,561.65 points which was -122.18 points or -0.43 percent lower than previous close. Total volume was 2
Published 04 Feb, 2017 12:00am
More lives lost in Ukraine as US presses Russia

More lives lost in Ukraine as US presses Russia

Clashes between Ukrainian forces and Moscow-backed rebels left two more dead in a flashpoint town Friday and five others elsewhere in bloodshed that has prompted the US to condemn Russia's "aggressive" stance. The latest reports from both sides take the d
Published 04 Feb, 2017 12:00am
High Court rejects Brexit EEA challenge

High Court rejects Brexit EEA challenge

England's High Court on Friday blocked a legal challenge to force the government to seek parliamentary approval before pulling out of the European Economic Area as a part of Brexit. "The current claims are premature and for that reason, permission to appl
Published 04 Feb, 2017 12:00am
Hundreds likely killed in Myanmar's Rohingya crackdown: UN

Hundreds likely killed in Myanmar's Rohingya crackdown: UN

Myanmar's military crackdown on Rohingya Muslims has likely killed hundreds of people, with children slaughtered and women gang-raped in a campaign that may amount to ethnic cleansing, the UN said Friday. Soldiers have fired on civilians from helicopters
Published 04 Feb, 2017 12:00am
Hundreds likely killed in Myanmar's Rohingya crackdown: UN

Hundreds likely killed in Myanmar's Rohingya crackdown: UN

Myanmar's military crackdown on Rohingya Muslims has likely killed hundreds of people, with children slaughtered and women gang-raped in a campaign that may amount to ethnic cleansing, the UN said Friday. Soldiers have fired on civilians from helicopters
Published 04 Feb, 2017 12:00am
SBP directs banks to focus on agriculture financing

SBP directs banks to focus on agriculture financing

Governor State Bank of Pakistan Ashraf Mahmood Wathra has urged the banks to understand the needs of the economy and focus on agri financing as it is a viable business activity having huge cash flows, and significant contribution in GDP with strong backwa
Published 04 Feb, 2017 12:00am
SBP directs banks to focus on agriculture financing

SBP directs banks to focus on agriculture financing

Governor State Bank of Pakistan Ashraf Mahmood Wathra has urged the banks to understand the needs of the economy and focus on agri financing as it is a viable business activity having huge cash flows, and significant contribution in GDP with strong backwa
Published 04 Feb, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 04 Feb, 2017 12:00am
SBP directs banks to focus on agriculture financing

SBP directs banks to focus on agriculture financing

Governor State Bank of Pakistan Ashraf Mahmood Wathra has urged the banks to understand the needs of the economy and focus on agri financing as it is a viable business activity having huge cash flows, and significant contribution in GDP with strong backwa
Published 04 Feb, 2017 12:00am
Hyundai to assemble cars in venture with textile group

Hyundai to assemble cars in venture with textile group

Hyundai Motor Company plans to set up a car assembly plant in Pakistan in a joint venture with local textile firm Nishat Mills, an official from Nishat said on Friday. Hyundai's return to Pakistan will boost the government's efforts to shake up the Japane
Published 04 Feb, 2017 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 04 Feb, 2017 12:00am
Hyundai to assemble cars in venture with textile group

Hyundai to assemble cars in venture with textile group

Hyundai Motor Company plans to set up a car assembly plant in Pakistan in a joint venture with local textile firm Nishat Mills, an official from Nishat said on Friday. Hyundai's return to Pakistan will boost the government's efforts to shake up the Japane
Published 04 Feb, 2017 12:00am
ATC issues 'permanent' warrants for Imran, Qadri

ATC issues 'permanent' warrants for Imran, Qadri

An antiterrorism court in Islamabad on Friday issued 'permanent' arrest warrants for Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan and Pakistan Awami Tehreek (PAT) leader Dr Tahir-ul-Qadri. The warrants were issued in a case relating to SSP Asmatulla
Published 04 Feb, 2017 12:00am
ATC issues 'permanent' warrants for Imran, Qadri

ATC issues 'permanent' warrants for Imran, Qadri

An antiterrorism court in Islamabad on Friday issued 'permanent' arrest warrants for Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan and Pakistan Awami Tehreek (PAT) leader Dr Tahir-ul-Qadri. The warrants were issued in a case relating to SSP Asmatulla
Published 04 Feb, 2017 12:00am
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