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Archive - 2017-02-07
PM to launch National Green Day on Thursday
General News

PM to launch National Green Day on Thursday

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif, along with 20 Special Children, will inaugurate the National Green Day on Thursday (Feb 9)%D%ANational Green Day is being celebrated across the country under the Prime Minister's Green Pakistan Programm
Published 07 Feb, 2017 06:33pm
Du Plessis dazzles as South Africa post 367-5
Cricket

Du Plessis dazzles as South Africa post 367-5

CAPE TOWN: Faf du Plessis hit his second century of the series as Sri Lanka's struggling cricketers found themselves on the end of another battering in the fourth one-day international against South Africa at Newlands on Tuesday.
Published 07 Feb, 2017 06:32pm
Greece bailout 'credible' despite IMF criticism: EU
World

Greece bailout 'credible' despite IMF criticism: EU

BRUSSELS: The EU on Tuesday insisted Greece's economy remained on track despite a withering opinion by the IMF that Athens's debt was "unsustainable" and calling for further European debt relief.
Published 07 Feb, 2017 06:17pm
UK speaker criticised over Trump parliament tirade
Europe

UK speaker criticised over Trump parliament tirade

LONDON: The Speaker of Britain's House of Commons came under fire from government MPs on Tuesday for saying he was "strongly opposed" to Donald Trump addressing parliament during the US president's state visit later this year.
Published 07 Feb, 2017 06:16pm
France's Fillon tries to revive scandal-hit campaign
World Top News

France's Fillon tries to revive scandal-hit campaign

PARIS: Francois Fillon sought to revive his scandal-hit bid for the French presidency Tuesday as yet more allegations about his wife's job as a parliamentary aide emerged.
Published 07 Feb, 2017 06:05pm
Strong earnings boost European shares, but France lags
Financial

Strong earnings boost European shares, but France lags

MILAN/LONDON: European shares rose on Tuesday, helped by some encouraging company results, but French stocks slipped after earnings at BNP Paribas disappointed and election jitters weighed on the country's sovereign bonds.
Published 07 Feb, 2017 05:55pm
Fatemi stresses upon broadening of Pak-Romania economic ties
Pakistan

Fatemi stresses upon broadening of Pak-Romania economic ties

ISLAMABAD: Special Assistant to the Prime Minister on Foreign Affairs Syed Tariq Fatemi Tuesday underscored the need for enhanced efforts to add greater content in the Pak- Romania bilateral ties by broadening the scope of economic and trade cooperation.
Published 07 Feb, 2017 05:07pm
Bullion Prices on Tuesday
Markets

Bullion Prices on Tuesday

KARACHI: Following were the Bullion Prices in Karachi, Hyderabad, Multan and Lahore on Tuesday.
Published 07 Feb, 2017 05:03pm
Pakistan's economy is a pleasant surprise: Bloomberg report
Front Top News

Pakistan's economy is a pleasant surprise: Bloomberg report

ISLAMABAD: Describing the country "a clear winner" of this year in terms of the world's most underrated economies, a report carried by Bloomberg said Pakistan, contrary to the predictions about its progress, was one of the world's most pleasant su
Published 07 Feb, 2017 04:06pm
US 2016 trade deficit highest in four years
Front Top News

US 2016 trade deficit highest in four years

WASHINGTON: The US trade deficit in 2016 expanded to its highest level in four years as exports fell faster than imports, the Commerce Department reported Tuesday.
Published 07 Feb, 2017 03:04pm
Russia calls regional conference on Afghanistan
World Top News

Russia calls regional conference on Afghanistan

MOSCOW: Russia on Tuesday said it was convening a conference of leading regional powers on Afghanistan and pushed again for talks with the Taliban.
Published 07 Feb, 2017 02:26pm
Russia calls regional conference on Afghanistan
World Top News

Russia calls regional conference on Afghanistan

MOSCOW: Russia on Tuesday said it was convening a conference of leading regional powers on Afghanistan and pushed again for talks with the Taliban.
Published 07 Feb, 2017 02:25pm
Asia Distillates-Jet fuel firms as cooler weather supports
Energy

Asia Distillates-Jet fuel firms as cooler weather supports

SINGAPORE: Asia's jet fuel cash differential strengthened on the back of demand boosted by colder-than-expected weather, with the discount narrowing to 17 cents a barrel on Tuesday from a 21 cent discount in the previous session.
Published 07 Feb, 2017 02:07pm
Euro, European bonds unnerved by French politics
Financial

Euro, European bonds unnerved by French politics

LONDON: The increasingly unpredictable French presidential election race unnerved European financial markets on Tuesday, tipping the euro towards its biggest fall this year and driving investors away from French government bonds.
Published 07 Feb, 2017 01:49pm
Romania's Leu currency extends rebound as protests persist
Financial

Romania's Leu currency extends rebound as protests persist

BUDAPEST: The leu extended its recovery on Tuesday after its sharp fall during mass protests last week, outperforming other Central European currencies as Romania's healthy growth outlook offset uncertainty surrounding public calls for the government
Published 07 Feb, 2017 01:34pm
The Capitol by Ben Geier
Featured Photos

The Capitol by Ben Geier

Photo Credit: Ben Geier%Den Geier is a professional digital and film photographer, art director and designer currently based in Batavia, IL, USA.
Published 07 Feb, 2017 01:12pm
Assad says 'defending' Syria more important than UN tribunal
Front Top News

Assad says 'defending' Syria more important than UN tribunal

DAMASCUS: Syrian President Bashar al-Assad has said that "defending" his country in a time of war was more important than any international tribunal that may be brought against his government later.
Published 07 Feb, 2017 12:37pm
Trump reveals America's 'real face': Khamenei
World Top News

Trump reveals America's 'real face': Khamenei

TEHRAN: Iran's supreme leader Ayatollah Ali Khamenei said on Tuesday he was grateful to US President Donald Trump for revealing "the real face of America".
Published 07 Feb, 2017 12:35pm
Take The Plunge by Kat Irlin
Featured Photos

Take The Plunge by Kat Irlin

Photo Credit: Kat Irlin %D%AKat Irlin is a talented Russian self-taught fashion, lifestyle and portrait photographer who currently lives and works in New York City.
Published 07 Feb, 2017 12:17pm
Embrace by Lea Godoy
Featured Photos

Embrace by Lea Godoy

Photo Credit: Lea Godoy%D%ALea Godoy is a multi-talented artist, filmmaker and photographer from Philippines, who currently lives and works in Seattle, Washington.
Published 07 Feb, 2017 11:35am
RECORDER REPORT-PSX close of day
Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Tuesday having 49859.
Published 07 Feb, 2017 11:08am
Grace's Hands by Antoine Henault
Featured Photos

Grace's Hands by Antoine Henault

Photo Credit: Antoine Henault%Dntoine Henault is a talented 22 years old self taught film photographer currently based in Brittany, in the west of France.
Published 07 Feb, 2017 10:45am
Dozens of Indian commandos desert CRPF before first assignment
Front Top News

Dozens of Indian commandos desert CRPF before first assignment

ISLAMABAD: Much to the embarrassment of Indian armed forces, 59 commandos of Central Reserve Police Force have gone missing from a train just before they were to report for duty in Bihar as part of their first deployment.
Published 07 Feb, 2017 10:39am
PSL II: Sarfraz determined to clinch title
Cricket

PSL II: Sarfraz determined to clinch title

Pakistan Super League (PSL) franchise, the Quetta Gladiators was one of the success stories of the last years tournament as the lowly rated team managed to hit above their weight and made it into the finals.
Published 07 Feb, 2017 10:17am
Pup Snack by Christian Vieler
Featured Photos

Pup Snack by Christian Vieler

Photo Credit: Christian Vieler%Dhristian Vieler is a talented 46-year-old animal and pet photographer and journalist based in Waltrop, Germany.
Published 07 Feb, 2017 10:15am
Bahawalnagar gun attack case registered against Ijazul Haq
General News

Bahawalnagar gun attack case registered against Ijazul Haq

%D%AMONITORING DESK%D%A%D%AKARACHI: PML-Zia leader and Member of National Assembly Ijazul Haq, the son of former military ruler General Ziaul Haq, and six others were nominated as accused in the FIR of attack on PPP leader Shaukat Basra in which he was in
Published 07 Feb, 2017 10:05am
Ambassador Jillani upbeat on future of US-Pakistan ties
Front Top News

Ambassador Jillani upbeat on future of US-Pakistan ties

WASHINGTON: Pakistani Ambassador in the United States of America Jalil Abbas Jillani said on Monday that the US-Pak relations successfully achieved stability in recent years.
Published 07 Feb, 2017 09:47am
London Feed by Kristina Makeeva
Featured Photos

London Feed by Kristina Makeeva

Photo Credit: Kristina Makeeva%D%AKristina Makeeva is a talented self-taught photographer and engineer who currently lives and works in Moscow, Russia.
Published 07 Feb, 2017 09:31am
Arctic Coast's Wildlife by Audun Rikardsen
Featured Photos

Arctic Coast's Wildlife by Audun Rikardsen

Photo Credit: Audun Rikardsen%Dudun Rikardsen is a talented self-taught photographer, who raised in a fishing community in northern Norway and has always been fascinated by the Arctic coasts wildlife.
Published 07 Feb, 2017 09:09am
LEAs sacrifices for Karachi peace won't go in vain: Zubair
Pakistan Top News

LEAs sacrifices for Karachi peace won't go in vain: Zubair

KARACHI: Governor of Sindh, Muhammad Zubair in a meeting with Corps Commander (Five), Lt-Gen Shahid Baig Mirza here on Tuesday extensively discussed matters related to law and order situation in the province.
Published 07 Feb, 2017 09:00am
Quetta Gladiators get major boost ahead of PSL II
Cricket

Quetta Gladiators get major boost ahead of PSL II

The second edition of the Pakistan Super League (PSL) is just days away to begin, at the Dubai International Cricket Stadium (DIC), the franchises now set their eyes on the Spirit Trophy unveiled on Monday.
Published 07 Feb, 2017 08:34am
UAE launches new visa entry system to attract global talent
Middle East

UAE launches new visa entry system to attract global talent

ISLAMABAD: The UAE Cabinet, presided over by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, approved an integrated entry visa scheme to attract qualified and highly talented professionals to UAE.
Published 07 Feb, 2017 08:26am
PM chairs cabinet meeting to discuss 33-point agenda
Pakistan Top News

PM chairs cabinet meeting to discuss 33-point agenda

ISLAMABAD: The Federal Cabinet on Tuesday met here under the chairmanship of Prime Minister Nawaz Sharif to discuss a number of issues including Repatriation and Management Policy for Afghan Refugees and Electoral Reforms.
Published 07 Feb, 2017 08:26am
IMF board says Greece needs further debt relief
World

IMF board says Greece needs further debt relief

WASHINGTON: The International Monetary Fund's board agreed late Monday that Greece likely will need further debt relief, but there remains a split over the appropriate goal for the country's finances.
Published 07 Feb, 2017 08:12am
CPEC: Xinjiang to inject over $24bn on building highway network
Asia

CPEC: Xinjiang to inject over $24bn on building highway network

KARACHI: As a number of projects under China Pakistani Economic Corridor (CPEC) initiative were emerging into reality, the Chinese government also decided putting in huge amount on laying highway network for improved connective between the two countries.
Published 07 Feb, 2017 08:10am
Saleem Shahzad not coming to PSP: Kamal
Front Top News

Saleem Shahzad not coming to PSP: Kamal

PESHAWAR: Muttahida Qaumi Movement (MQM) leader Saleem Shahzad has no place in Pak Sarzameeen Party (PSP), said PSP chairman Mustafa Kamal on Tuesday.
Published 07 Feb, 2017 08:05am
Wind tariff: A welcome move
Miscellaneous

Wind tariff: A welcome move

The tariff methodology in Pakistan is currently undergoing a positive shift towards competitive bidding from the former upfront tariff mechanism.
Published 07 Feb, 2017 07:50am
PSO: A bitter sweet 1HFY17
Miscellaneous

PSO: A bitter sweet 1HFY17

Pakistan State Oil (PSX: PSO) announced its financial performance for the first half of FY17 yesterday, and where the firms earnings took a leap forward, no dividend announcement left a shareholder unhappy as the stock price nosedived.
Published 07 Feb, 2017 07:49am
EPQL FY16: A mediocre year
Miscellaneous

EPQL FY16: A mediocre year

Engro Powergen Qadirpur Limited (EPQL) released it financial result for FY16 yesterday which showed a marginal decline in its bottomline as compared to the previous year.
Published 07 Feb, 2017 07:48am
Trump administration defends 'lawful' travel ban
Front Top News

Trump administration defends 'lawful' travel ban

WASHINGTON: The US government on Monday defended President Donald Trump's travel ban as a "lawful exercise" of his authority, and urged an appeals court to reinstate the suspended measure in the interests of national security.
Published 07 Feb, 2017 07:20am
As it happened: National Assembly passes Companies Bill
Front Top News

As it happened: National Assembly passes Companies Bill

NAVEED BUTT & AAMIR SAEED%D%A%D%AISLAMABAD: The National Assembly on Monday unanimously passed The Companies Bill, 2016, besides two other bills, to provide relief and incentives to corporate sectors, especially small and medium-sized companies, and curb
Published 07 Feb, 2017 06:54am
Trump says he respects killer Putin
North America

Trump says he respects killer Putin

United States: President Donald Trump is drawing fire from Republicans and Democrats alike after playing down political assassinations in Russia and Moscows invasion of Ukraine.
Published 07 Feb, 2017 06:51am
Sindh government mulling setting up curriculum authority

Sindh government mulling setting up curriculum authority

"We are considering establishment of a Provincial Curriculum Authority," saidProvincial Minister for Education and Literacy Jam Mehtab Hussain Dahar. He said in a meeting with Shazad Roy, founder of Zindagi Trust, that responsibilities for education and h
Published 07 Feb, 2017 12:00am
SRK says will make 'Don 3' soon

SRK says will make 'Don 3' soon

In a live Facebook appearance with the team of The Viral Fever videos over a week ago, Shahrukh Khan has stated he would soon be making 'Don 3'. In a social media interaction hosted by Jeetu of TVF fame, SRK replied to one of the fan-queries about possibi
Published 07 Feb, 2017 12:00am
Convention urges government to implement Fata reforms

Convention urges government to implement Fata reforms

The leading and prominent tribal elders and parliamentarians on Monday called upon the government to immediately implement the Fata reforms with a view to merge the tribal areas into Khyber Pakhtunkhwa and do away with 100 years old draconian laws - Front
Published 07 Feb, 2017 12:00am
Flight safety is collective responsibility: CAS

Flight safety is collective responsibility: CAS

Chief of Air Staff (CAS) Air Chief Marshal Sohail Aman on Monday terming flight safety as collective responsibility said, 'We need to train and empower people at all levels to achieve uncompromising standards that would ultimately result in better flight
Published 07 Feb, 2017 12:00am
NA extends solidarity with people of IHK

NA extends solidarity with people of IHK

The National Assembly on Monday unanimously passed a resolution extending solidarity with the people of Indian-held Kashmir in their just struggle for their right to self-determination in line with the United Nations Security Council (UNSC) resolutions. T
Published 07 Feb, 2017 12:00am
Shaukat Basra hurt, secretary killed in attack

Shaukat Basra hurt, secretary killed in attack

A man was killed and three others were wounded in a gun attack on a sit-in staged by Pakistan People's Party (PPP) against local police on Monday. It should be mentioned here that one of central Punjab leaders Shaukat Basra is among the wounded in a prote
Published 07 Feb, 2017 12:00am
Opposition boycotts Punjab Assembly proceedings

Opposition boycotts Punjab Assembly proceedings

In protest against attack on former PPP MPA Shaukat Basra in Bahawalnagar and the biased attitude of the Speaker Punjab Assembly Rana Muhammad Iqbal, the opposition in the Punjab Assembly boycotted the proceedings on Monday.
Published 07 Feb, 2017 12:00am
Ahsan appreciates role of NLC in national development

Ahsan appreciates role of NLC in national development

The 60th meeting of the National Logistic Board (NLB) was held here on Monday. Federal Minister for Planning, Development & Reform and Chairman NLB Ahsan Iqbal presided over the meeting which was attended by other members of the apex logistics body.
Published 07 Feb, 2017 12:00am
CTD claims to arrest five TTP terrorists

CTD claims to arrest five TTP terrorists

5 suspected terrorists were arrested after Counter-Terrorist Department (CTD) raided a house near the Sahu Chowk, Mati Tal road Multan. CTD official said here today. Police officials raided after a tips and arrested 5 men recovering a large number of weap
Published 07 Feb, 2017 12:00am
Zardari, Bilawal condemn attack

Zardari, Bilawal condemn attack

Former President Asif Ali Zardari has condemned the brutal attack on PPP South Punjab leader Shaukat Basra Monday morning in Haroonabad Bahawalnagar and called for the immediate arrest and punishment according to the law to the culprits involved.
Published 07 Feb, 2017 12:00am
Wheat exporters concerned over delay in payments

Wheat exporters concerned over delay in payments

The Pakistan Flour Mills Association (PFMA-Punjab) has claimed that delay in release of guarantee money is causing severe liquidity crunch for exporters and they are forced to withdraw themselves from this process. PFMA expressed concerns on what it says
Published 07 Feb, 2017 12:00am
NAB moves LHC against stay order

NAB moves LHC against stay order

The National Accountability Bureau (NAB) has approached the Lahore High Court against an order restraining the bureau from holding an inquiry into privatisation of Muslim Commercial Bank. A single bench had stayed the NAB inquiry proceedings in response t
Published 07 Feb, 2017 12:00am
Report sought from CS over boat overturning incident

Report sought from CS over boat overturning incident

The Lahore High Court on Monday sought report from the chief secretary Punjab within a fortnight in a petition seeking judicial inquiry into the incident of boat overturning at Nankana. The petitioner, Yousaf Javed advocate, submitted that more than 100 p
Published 07 Feb, 2017 12:00am
CM Punjab reviews arrangements for investment seminar

CM Punjab reviews arrangements for investment seminar

Punjab Chief Minister Mian Shahbaz Sharif presided over a high-level meeting on Monday and reviewed the arrangements of 2nd international seminar pertaining to investment opportunities in Punjab by Punjab government at Lahore. Addressing the meeting, the
Published 07 Feb, 2017 12:00am
Envoy, CM discuss wind power projects

Envoy, CM discuss wind power projects

Ambassador of Denmark in Pakistan, Ole Thonke met Punjab Chief Minister Mian Shahbaz Sharif here on Monday. Matters of mutual interest, promotion of bilateral relations and co-operation in different sectors were discussed. Wind power project being set up
Published 07 Feb, 2017 12:00am
Taxation measures: NA panel to examine veracity of estate agents' claims

Taxation measures: NA panel to examine veracity of estate agents' claims

With the help of the Federal Board of Revenue (FBR), a panel of National Assembly Monday decided to cross-check the claims made by property estate agents that realty sector is heading to a collapse following taxation measures on buying/selling of immovabl
Published 07 Feb, 2017 12:00am
Speakers for community-based research for social change

Speakers for community-based research for social change

Speakers at a two-week training workshop on Monday called for research for bringing about social change in Pakistan, saying that the country will be unable to compete with the developing world if its universities failed to undertake the research which pro
Published 07 Feb, 2017 12:00am
New Sindh governor lends a helping hand to businesspeople

New Sindh governor lends a helping hand to businesspeople

Sindh Governor Muhammad Zubair has said that the business community will be facilitated to play their due role in the national development because their role is very important in the economic development. "Government will sort out the problems of business
Published 07 Feb, 2017 12:00am
'Higher taxation on telecom sector poses challenges'

'Higher taxation on telecom sector poses challenges'

The visiting VimpelCom's Co-Founder and Chairman Augie K Fabela said on Monday that higher taxation on telecom sector in Pakistan poses challenges and it is not yet decided whether or not they are participating in the upcoming spectrum auction. "We have a
Published 07 Feb, 2017 12:00am
PSO's profit soars to Rs 5.63 billion

PSO's profit soars to Rs 5.63 billion

The profit after-tax of Pakistan State Oil Company (PSO) rose to Rs 5.639 billion in the quarter ended December 31, 2016 as compared to Rs 3.473 billion earned in the corresponding quarter in 2015. The board of directors of the company in its meeting here
Published 07 Feb, 2017 12:00am
Fashion magazine giant Grazia to launch in Pakistan

Fashion magazine giant Grazia to launch in Pakistan

Italy's glossy style magazine Grazia will launch in Pakistan, publishers said Monday. The first issue of Grazia Pakistan will go on sale this month, Saif Publishing said, with plans to double the initial run of 20,000 copies within six months. "Pakistan's
Published 07 Feb, 2017 12:00am
Cement sector posts nominal increase in despatches

Cement sector posts nominal increase in despatches

Cement sector posted a nominal increase of 0.78 percent in local cement dispatches while export dispatches declined by 2.71 percent in January 2017 compared to the same month last year. Industry sources said that due to heavy rains and snowfall across the
Published 07 Feb, 2017 12:00am
Sipri report explains why India fears CPEC

Sipri report explains why India fears CPEC

One of the most influential global think tanks sought to dig into the Indian hostility towards the China-Pakistan Economic Corridor (CPEC) and inferred that fear of internationalisation of the Kashmir dispute and the growing influence of China in the Indi
Published 07 Feb, 2017 12:00am
SAFA confers award on KE for second consecutive year

SAFA confers award on KE for second consecutive year

Further endorsing K-Electric's best practices of disclosure and transparency in its financial reporting, the South Asian Federation of Accountants (SAFA) conferred the 'Best Presented Annual Report Award' for the second consecutive year to KE. Muhammad Ri
Published 07 Feb, 2017 12:00am
Saleem Shahzad taken into custody at Karachi airport

Saleem Shahzad taken into custody at Karachi airport

Former leader of Muttahida Qaumi Movement (MQM) Saleem Shahzad was taken into custody on Monday upon his arrival at Jinnah International Airport, Karachi from Dubai. According to details, Senior Superintendent of Police (SSP) Malir, Rao Anwar along with h
Published 07 Feb, 2017 12:00am
Sindh government bans internet cafes without video surveillance

Sindh government bans internet cafes without video surveillance

The Sindh government, under Section 144 (6) Cr. PC, has imposed ban on internet cafes operating without proper video surveillance and recording system. The internet cafes shall be required to preserve the recording for one year. Moreover the owners of all
Published 07 Feb, 2017 12:00am
Rotary Pakistan hosts fundraising concert

Rotary Pakistan hosts fundraising concert

Rotary Pakistan hosted a fund raising concert with world renowned singer Ustad Rahat Fateh Ali Khan at DHA Golf Club Karachi for supporting Literacy and Education in Pakistan. Rotary Pakistan Literacy Mission (RPLM) has adopted more than 100 government sc
Published 07 Feb, 2017 12:00am
Auction for last spectrum of 10MHz in 1800MHz all set to go

Auction for last spectrum of 10MHz in 1800MHz all set to go

The government on Monday decided to go for auction of the last available spectrum of 10MHz in 1800MHz in the current financial year. Prime Minister Nawaz Sharif has constituted an advisory committee for auction of this spectrum which is headed by Minister
Published 07 Feb, 2017 12:00am
FBR moot to chalk out revenue collection strategy
Currency

FBR moot to chalk out revenue collection strategy

The Federal Board of Revenue (FFBR) has called a conference of collectors of customs on Wednesday (tomorrow) to chalk out a comprehensive strategy for meeting the annual revenue collection target for 2016-17. Sources told Business Recorder here on
Published 07 Feb, 2017 12:00am
Prime Minister for further enhancing Pakistan-Bahrain ties

Prime Minister for further enhancing Pakistan-Bahrain ties

Prime Minister Nawaz Sharif on Monday underscored the importance of expanding bilateral trade between Pakistan and Bahrain. He was talking to Shaikh Khalid Bin Ahmad Al Khalifa, Foreign Minister of Bahrain, who called on him at PM House in Islamabad. The
Published 07 Feb, 2017 12:00am
President AJK leaves for Brussels

President AJK leaves for Brussels

President Azad Jammu and Kashmir (AJK) Sardar Muhammad Masood Khan on Monday left for Brussels on his four days official visit from Benazir Bhutto International Airport, Islamabad. During his stay in Brussels, he would have meetings with Brussels regional
Published 07 Feb, 2017 12:00am
Removal of corrupt officials demanded

Removal of corrupt officials demanded

Elders from Khawga Khel tribe of Landi Kotal, Khyber Agency have alleged the political Moharar and Tehsildar for forcibly collecting bribe from them, and involving in corruption, and warned to start protest movement, if the corrupt officials didn't remove
Published 07 Feb, 2017 12:00am
Japan's envoy seeks status of new entrant for Pak Suzuki

Japan's envoy seeks status of new entrant for Pak Suzuki

Japanese ambassador to Pakistan Takashi Kurai has reportedly approached Prime Minister Nawaz Sharif to seek status of new entrant for M/s Pak Suzuki which intends to invest $ 460 million for new plant, well-informed sources told Business Recorder.
Published 07 Feb, 2017 12:00am
Chinese State Commissioner, Fatemi discuss CPEC security

Chinese State Commissioner, Fatemi discuss CPEC security

Chinese State Commissioner for Counter Terrorism and Security Cheng Guoping called on Syed Tariq Fatemi, Special Assistant to the Prime Minister (SAPM) on Foreign Affairs, at the Foreign Office on Monday. He is on a three-day visit to Pakistan. The meetin
Published 07 Feb, 2017 12:00am
PTI leader Tahir Khan Umarzai joins PML-N

PTI leader Tahir Khan Umarzai joins PML-N

Pakistan Tehreek-i-Insaf (PTI) stalwart and bigwig from district Charsadda, Tahir Khan Umarzai and his son Babar Khan Umarzai along with friends and family members, joined the Pakistan Muslim League-Nawaz. He made this announcement during a news conferenc
Published 07 Feb, 2017 12:00am
India leaves Pakistan far behind in telecom sector: experts

India leaves Pakistan far behind in telecom sector: experts

Massive incentives in the Indian budget 2017-18 coupled with providing a level playing field for information technology have left Pakistan far behind in the digitization race on all indexes, said telecom experts. India is among the world's leading telecom
Published 07 Feb, 2017 12:00am
Fauji Fertilizer Company Limited

Fauji Fertilizer Company Limited

The domestic fertilizer industry is dominated by 3 groups holding the majority market share. These include Fauji group, Fatima group and Engro Corporation. Fauji Fertilizer Company Limited is Pakistan's largest urea manufacturing company. The urea market
Published 07 Feb, 2017 12:00am
Fauji Fertilizer Company Limited

Fauji Fertilizer Company Limited

The domestic fertilizer industry is dominated by 3 groups holding the majority market share. These include Fauji group, Fatima group and Engro Corporation. Fauji Fertilizer Company Limited is Pakistan's largest urea manufacturing company. The urea market
Published 07 Feb, 2017 12:00am
Bank Alfalah, PBC sign accord

Bank Alfalah, PBC sign accord

Bank Alfalah Limited has signed an agreement with Punjab Beverages Company (PBC) to initiate a pilot to digitise the last mile retailer in the PBC supply chain. The main objective of the project is to digitize incentive payouts and expense reimbursements
Published 07 Feb, 2017 12:00am
Japanese calendar 2017 exhibition kicks off at SU

Japanese calendar 2017 exhibition kicks off at SU

An exhibition of Japanese Calendars 2017 has kicked off at Institute of Art and Design, University of Sindh, Jamshoro, which was jointly inaugurated by Vice-Chancellor, University of Sindh Professor Dr Fateh Muhammad Burfat and Consul General of Japan in
Published 07 Feb, 2017 12:00am
Screening of first-ever Balochi film 'Hammal O Mahganj' on February 28

Screening of first-ever Balochi film 'Hammal O Mahganj' on February 28

The Baloch Culture Day "Baloch festival - 2017" is going to be held on February 28 at Arts Council of Pakistan, Karachi with the screening of Pakistan's first ever Balochi film "Hammal O Mahganj". Renowned actor Anwar Iqbal Monday at a press conference at
Published 07 Feb, 2017 12:00am
Islamic State on the defensive: UN report

Islamic State on the defensive: UN report

The Islamic State group is militarily on the defensive, facing a drop in revenue from oil and extortion and a shrinking ability to attract new recruits, according to a new UN report released Monday. UN Secretary-General Antonio Guterres warned however in
Published 07 Feb, 2017 12:00am
Fillon apologises for expenses scandal but refuses to step aside

Fillon apologises for expenses scandal but refuses to step aside

French rightwing presidential candidate Francois Fillon on Monday apologised for hiring his wife as a parliamentary aide, admitting he made an "error" but refusing to quit the race. Fillon's presidential bid has been floundering since it emerged that his
Published 07 Feb, 2017 12:00am
Troubled 'space junk' mission fails

Troubled 'space junk' mission fails

An experimental Japanese mission to clear 'space junk' or rubbish from the Earth's orbit has ended in failure, officials said Monday, in an embarassment for Tokyo. Over 100 million pieces of garbage are thought to be whizzing around the planet, including
Published 07 Feb, 2017 12:00am
Iran imports 149 tonnes of uranium from Russia: atomic chief

Iran imports 149 tonnes of uranium from Russia: atomic chief

Iran will receive the final part of a 149-tonne shipment of uranium from Russia as part of its nuclear deal with world powers, it was announced on Monday. "The first shipment arrived on January 26 by plane and the last will arrive tomorrow, Tuesday," said
Published 07 Feb, 2017 12:00am
Kuwait minister quits

Kuwait minister quits

Kuwait's information and youth minister submitted his resignation Monday, two days before he was scheduled to face a confidence vote over a sports ban, a government source and parliamentarians said. Sheikh Salman Humoud Al-Sabah's move comes after around
Published 07 Feb, 2017 12:00am
Researchers unveil advances in cancer diagnostics

Researchers unveil advances in cancer diagnostics

Scientists unveiled a test Monday for detecting pancreatic cancer, one of the deadliest forms, in less than a drop of blood. The diagnostic method is fast, cheap and ultra-sensitive, and can be adapted to test for other diseases whose fingerprints are det
Published 07 Feb, 2017 12:00am
Bus-truck crash kills 23 in Honduras

Bus-truck crash kills 23 in Honduras

A crash between a bus and a truck just outside the Honduran capital Tegucigalpa killed 23 people and injured 34 others, officials said Monday. The accident occurred late Sunday when the truck, carrying melons, lost control and swerved into the oncoming tr
Published 07 Feb, 2017 12:00am
Australian dies in jet ski crash

Australian dies in jet ski crash

A 21-year-old Australian woman was killed in a jet ski crash after she collided with her boyfriend off the coast of Thailand's Phuket island, police said Monday. The woman, identified as Emily Collie, was brought to the shore of Kata beach after the accid
Published 07 Feb, 2017 12:00am
Merkel unites conservatives for 'toughest race yet'

Merkel unites conservatives for 'toughest race yet'

German Chancellor Angela Merkel formally united her conservative block behind her re-election bid Monday, despite discord over migrant policy, as she faces tough challenges from both the right and left. While a huge refugee influx has fuelled the rise of
Published 07 Feb, 2017 12:00am
Indian commandos go missing en masse

Indian commandos go missing en masse

Dozens of trainee commandos from India's elite jungle warfare unit have gone missing on the eve of their first deployment to a restive region considered a stronghold of left-wing rebels. The soldiers were on their way to India's eastern Bihar state by tra
Published 07 Feb, 2017 12:00am
On trial, former Catalan chief defends independence vote

On trial, former Catalan chief defends independence vote

Tens of thousands of supporters protested Monday in Barcelona as Catalonia's former leader Artur Mas went on trial for holding a non-binding independence referendum in 2014 - a move he defended as legitimate. The trial has stoked pro-independence fervour
Published 07 Feb, 2017 12:00am
Syrian refugee sues Facebook

Syrian refugee sues Facebook

A Syrian refugee whose selfie with German Chancellor Angela Merkel has been repeatedly manipulated to link him to violent jihad, took Facebook to court on Monday for spreading defamatory fake news. Anas Modamani, 19, says the US social media giant has fai
Published 07 Feb, 2017 12:00am
Volvo Car's industrial site hit by 'violent' fire

Volvo Car's industrial site hit by 'violent' fire

A fire broke out Monday inside the world's largest Volvo Cars industrial site in Gothenburg, authorities said, prompting an evacuation of the industrial premises.
Published 07 Feb, 2017 12:00am
Palestinians set vote timetable despite Hamas rejection

Palestinians set vote timetable despite Hamas rejection

The Palestinian electoral commission announced Monday a calendar for delayed municipal elections, despite Gaza rulers Hamas rejecting them. The commission said on its website that voter registration would end on 25 February, while registration of candidat
Published 07 Feb, 2017 12:00am
Israel starts demolition of West Bank Jewish outpost

Israel starts demolition of West Bank Jewish outpost

Israel began dismantling and demolishing an illegal Jewish outpost in the occupied West Bank on Monday, four days after evicting its residents. A number of caravan-homes were carried away by cranes, while other buildings were demolished, an AFP reporter a
Published 07 Feb, 2017 12:00am
Israel hits Hamas after 'projectile' fired: army

Israel hits Hamas after 'projectile' fired: army

Israel struck a number of positions of Islamist movement Hamas in Gaza after a "projectile" fired from the Palestinian enclave on Monday hit a border area, the Israeli army said. One Palestinian was injured and taken to hospital, according to medical sour
Published 07 Feb, 2017 12:00am
Britain, Spain advance in Davis Cup, rain halts Argentina

Britain, Spain advance in Davis Cup, rain halts Argentina

Britain was defaulted into the Davis Cup quarter-finals Sunday while Spain edged Croatia to advance and defending champion Argentina battled Italy into a decisive fifth match at a rain-hit tie. Canada's Denis Shapovalov hit chair umpire Arnaud Gabas in th
Published 07 Feb, 2017 12:00am
Faisal Bank Solitaire Polo Cup begins

Faisal Bank Solitaire Polo Cup begins

The Faisal Bank Solitaire Polo Cup 2017 will roll into action here at the Lahore Polo Club (LPC) ground from Tuesday (today). Lahore Polo Club President Irfan Ali Hyder said that as many as six top teams have been featuring in this 12-goal tournament, whi
Published 07 Feb, 2017 12:00am
Accused Hickey bows out as Irish Olympics chief

Accused Hickey bows out as Irish Olympics chief

Pat Hickey formally left as president of the Olympic Council of Ireland (OCI) on Monday in a long statement reflecting on 28 years in the role - but failing to acknowledge a ticketing scandal. The 71-year-old was due to step down following last year's Oly
Published 07 Feb, 2017 12:00am
'Sad' Cook quits as England Test captain

'Sad' Cook quits as England Test captain

Alastair Cook resigned as England Test captain on Monday after a record 59 matches in the role, saying it was "a sad day" but the right decision for the team. Yorkshire batsman Joe Root is the strong favourite to take over with an announcement expected in
Published 07 Feb, 2017 12:00am
Aboubakar delivers Cup of Nations for Cameroon

Aboubakar delivers Cup of Nations for Cameroon

Vincent Aboubakar came off the bench to score a stunning winner with two minutes left as Cameroon fought back from behind to beat Egypt 2-1 in a thrilling Africa Cup of Nations final on Sunday. Arsenal midfielder Mohamed Elneny had given Egypt the lead mi
Published 07 Feb, 2017 12:00am
How Indian power play helped Bangladesh rise

How Indian power play helped Bangladesh rise

When India host a Test match against Bangladesh for the first time this week, it marks the culmination of a political power play which helped change the dynamics of world cricket. The invitation to the one-off match in Hyderabad was a long time coming but
Published 07 Feb, 2017 12:00am
Leaked emails tarnish golden-boy Beckham

Leaked emails tarnish golden-boy Beckham

David Beckham's squeaky-clean image as a British cultural icon has taken a battering following the leaking of expletive-strewn emails in which he apparently raged about not receiving a knighthood. The former England football captain is said to have sworn
Published 07 Feb, 2017 12:00am
Injured Imrul ruled out of historic India Test

Injured Imrul ruled out of historic India Test

Bangladesh suffered a blow before their maiden Test match in India when opening batsman Imrul Kayes was ruled out Monday due to injury. "Imrul pulled his thigh muscle while fielding today during the two-day warm-up match against the India A team," said ch
Published 07 Feb, 2017 12:00am
Aussie slips, kiwi up

Aussie slips, kiwi up

The Australian dollar slipped on Monday after making a three-month peak last week, as data showing December retail sales below expectations raised concerns over the economy's lack of momentum. The Australian dollar eased 0.3 percent to $0.7666 after the d
Published 07 Feb, 2017 12:00am
Sterling dips to one-week low
Currency

Sterling dips to one-week low

Sterling hit a one-week low against the dollar on Monday as Prime Minister Theresa May faced challenges over her legislative plan for taking Britain out of the European Union. A three-day debate on a law giving May the right to trigger Brexit began on Mon
Published 07 Feb, 2017 12:00am
China's yuan rises

China's yuan rises

China's yuan rose against a subdued dollar in light trading on Monday after the central bank set a firmer official midpoint than markets had expected, traders said. The People's Bank of China set the midpoint rate at 6.8606 per dollar prior to market open
Published 07 Feb, 2017 12:00am
Asian currencies rise against dollar

Asian currencies rise against dollar

Asian currencies rose against the dollar on Monday after disappointing US wage growth reinforced expectations for the Federal Reserve to wait until the second quarter before raising interest rates. The Taiwan dollar touched a 19-month high of 30.83 per US
Published 07 Feb, 2017 12:00am
Sri Lankan rupee slips
Currency

Sri Lankan rupee slips

The Sri Lankan rupee closed slightly weaker on Monday 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 151.18/25, compared
Published 07 Feb, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Monday. 79.14-79.15 (previous 79.15-79.15).
Published 07 Feb, 2017 12:00am
Euro fades in Europe in face of French election risks
Currency

Euro fades in Europe in face of French election risks

The euro fell around half a percent on Monday as concerns over French politics ahead of presidential elections set for April and May drew investors' focus back to a year of political risks to Europe's established order. The dollar was broadly steadier aft
Published 07 Feb, 2017 12:00am
Dollar subdued in Asia after US wage growth disappoints
Currency

Dollar subdued in Asia after US wage growth disappoints

The dollar started the week on the back foot on Monday, after US data showed a smaller-than-expected rise in wages in January that reinforced expectations the Federal Reserve will refrain from raising interest rates next month. The dollar index, which tra
Published 07 Feb, 2017 12:00am
FTSE lower after two-week high, housebuilders slip

FTSE lower after two-week high, housebuilders slip

Britain's top equity index ended slightly lower on Monday after hitting a two-week high earlier in the session, with a fall in energy and housebuilding stocks outpacing a rally in shares of precious metals miners. The blue-chip FTSE 100 index closed 0.2 p
Published 07 Feb, 2017 12:00am
Australian shares slip

Australian shares slip

Australian shares slipped on Monday, with financial stock gains on US President Donald Trump's order to review banking regulations offset by losses in the basic materials sector. The S&P/ASX 200 index drifted 0.11 percent, or 5.982 points lower to 5,615.6
Published 07 Feb, 2017 12:00am
Taiwan stocks up
Currency

Taiwan stocks up

Taiwan stocks and currency rose on Monday following gains on Wall Street and regional bourses, with financial firms such as Cathay Financial Holding leading the gainers. As of 0226 GMT, the main TAIEX index rose 0.6 percent to 9,514.77, after closing at 9
Published 07 Feb, 2017 12:00am
European shares supported by good earnings updates; Ryanair dips

European shares supported by good earnings updates; Ryanair dips

European shares edged up in choppy trade on Monday with better- than-expected corporate results helping support the market, but a disappointing update at Ryanair weighed on shares in the budget airline. The pan-European STOXX 600 index was up 0.2 percent
Published 07 Feb, 2017 12:00am
China stocks up

China stocks up

China stocks rose on Monday in thin activity as investors stayed largely cautious over the central bank's policy tightening after it surprisingly raised short-term interest rates last week. The bluechip CSI300 index rose 0.3 percent, to 3,373.21 points, w
Published 07 Feb, 2017 12:00am
Indian shares remain higher

Indian shares remain higher

Indian shares rose on Monday for a fourth consecutive session to hit four-month highs, boosted by gains in lenders such as ICICI Bank, as investors bet the central bank would cut interest rates at its policy review later this week. The broader NSE index c
Published 07 Feb, 2017 12:00am
Sri Lankan shares hit 10-month low

Sri Lankan shares hit 10-month low

Sri Lankan shares fell on Monday to an over 10-month closing low, dragged down by beverage and banking stocks, as investors awaited cues from the central bank's monetary policy review on Tuesday. The Colombo stock index ended 0.8 percent lower at 6,068.31
Published 07 Feb, 2017 12:00am
Southeast Asian markets largely up
Currency

Southeast Asian markets largely up

Most Southeast Asian stock markets rose on Monday, with the Philippines gaining the most ahead of a central bank policy meeting later this week where it is expected to keep rates unchanged. There has been little indication from the central bank that any m
Published 07 Feb, 2017 12:00am
Hong Kong stocks snap four-day losing streak

Hong Kong stocks snap four-day losing streak

Hong Kong stocks rebounded on Monday, drawing inspiration from a firmer Wall Street and helped by rising capital inflows from the mainland. The benchmark Hang Seng index added 1.0 percent, to 23,348.24 points. The Hong Kong China Enterprises Index, which
Published 07 Feb, 2017 12:00am
Tokyo stocks soar

Tokyo stocks soar

Tokyo stocks closed higher Monday with investors buoyed by solid US job growth while banks rallied on President Donald Trump's move to roll back financial regulations. US non-farm payrolls for January came in above forecast at 227,000 new jobs on Friday,
Published 07 Feb, 2017 12:00am
UAE bourses outperform in an otherwise flat Gulf; Egypt dips

UAE bourses outperform in an otherwise flat Gulf; Egypt dips

Most stock markets in the Gulf moved little on Monday but United Arab Emirates bourses outperformed with mid-to-large sized companies boosting Dubai, while Egypt's index slipped in thin volume. Dubai's main index added 1.2 percent as Emaar Properties gain
Published 07 Feb, 2017 12:00am
Inflation won't lead ECB to change course soon: Draghi
Currency

Inflation won't lead ECB to change course soon: Draghi

Spiking inflation will not prompt the European Central Bank to end its ultra-loose monetary policy sooner than planned, its president Mario Draghi said Monday. "Support from our monetary policy measures is still needed" to drive inflation towards the ECB'
Published 07 Feb, 2017 12:00am
Toyota lifts annual outlook
Currency

Toyota lifts annual outlook

Japanese auto giant Toyota on Monday revised up its full-year forecast but warned of an uncertain outlook with the car industry bracing for possible protectionist policies under US President Donald Trump. The company, which lost its crown as the world's t
Published 07 Feb, 2017 12:00am
Toyota lifts annual outlook
Currency

Toyota lifts annual outlook

Japanese auto giant Toyota on Monday revised up its full-year forecast but warned of an uncertain outlook with the car industry bracing for possible protectionist policies under US President Donald Trump. The company, which lost its crown as the world's t
Published 07 Feb, 2017 12:00am
China services sector extends strong growth

China services sector extends strong growth

Growth in China's services sector remained robust in January as companies reported a solid increase in orders, though the pace of expansion eased from the previous month, a private business survey showed. The services PMI fell marginally to 53.1 in Januar
Published 07 Feb, 2017 12:00am
China to improve foreign permanent residence policies

China to improve foreign permanent residence policies

China will improve its rules for issuing permanent residence status to foreigners, state media said on Monday, in an effort to boost the country's talent pool. China is striving to create millions of jobs in urban areas in coming years, even as its econom
Published 07 Feb, 2017 12:00am
Crop-destroying Armyworm 'major threat' to world farming: NGO

Crop-destroying Armyworm 'major threat' to world farming: NGO

A crop-destroying caterpillar native to the Americas is "spreading rapidly" in Africa and threatens farming world-wide, the Centre for Agriculture and Bioscience International (CABI) warned on Monday. Two species of the fall armyworm, which can devastate
Published 07 Feb, 2017 12:00am
Goldman economists see more risks for US economy

Goldman economists see more risks for US economy

A fiscal boost to the United States is more likely in 2018 than this year, according to Goldman Sachs economists, as "the balance of risks is somewhat less positive" one month into the new year and as US President Donald Trump's growth-boosting agenda cou
Published 07 Feb, 2017 12:00am
UK new car sales rise in January

UK new car sales rise in January

British new car registrations rose 3 percent in January according to a car industry body's figures, spurred on by the first annual increase in demand from private consumers since March despite fears Brexit would hit sales. A total of 174,564 new cars were
Published 07 Feb, 2017 12:00am
UniCredit kicks off record $14 billion cash call to rebuild capital

UniCredit kicks off record $14 billion cash call to rebuild capital

UniCredit began Italy's biggest corporate share sale on Monday in an attempt to raise 13 billion euros ($14 billion) to rebuild the bank's capital after a balance sheet clean up. Banks in Italy have been struggling to deal with bad loans left behind by a
Published 07 Feb, 2017 12:00am
Australia cracks down on illegal home buying by foreigners

Australia cracks down on illegal home buying by foreigners

Australia has forced the sale of more than Aus$100 million (US$76 million) worth of residential property bought illegally by foreigners since it introduced a robust investment regime, the government said Monday. Canberra established new rules in December
Published 07 Feb, 2017 12:00am
Australia fourth quarter retail sales hit two-year high

Australia fourth quarter retail sales hit two-year high

Australian retailers boasted their best quarter of sales in two years, a sign that the economy had likely averted its first recession in 25 years, though shoppers turned frugal into the Christmas holiday season. Data from the Australian Bureau of Statisti
Published 07 Feb, 2017 12:00am
Tata completes purge of Mistry

Tata completes purge of Mistry

Indian salt-to-steel giant Tata completed its purge of former chairman Cyrus Mistry on Monday by removing him from the board of the conglomerate's holding company. Mistry was axed as chairman of the holding company Tata Sons in October and then forced out
Published 07 Feb, 2017 12:00am
Tata completes purge of Mistry

Tata completes purge of Mistry

Indian salt-to-steel giant Tata completed its purge of former chairman Cyrus Mistry on Monday by removing him from the board of the conglomerate's holding company. Mistry was axed as chairman of the holding company Tata Sons in October and then forced out
Published 07 Feb, 2017 12:00am
Nigerians take to the streets to protest economic policy
Currency

Nigerians take to the streets to protest economic policy

Hundreds of Nigerians took to the streets in Lagos on Monday to protest against the government's handling of the country's economic crisis and to demand solutions to a crippling recession. Some 500 people gathered from early morning at the National Stadiu
Published 07 Feb, 2017 12:00am
US Midwest corn, soya bids mixed

US Midwest corn, soya bids mixed

Spot basis bids for corn and soyabeans were steady to mixed in the US Midwest on Friday as declines in futures limited farmer sales while some processors already had ample supplies on hand, grain merchants said. Soyabean bids fell by 6 cents per bushel at
Published 07 Feb, 2017 12:00am
Activities of Karachi Port

Activities of Karachi Port

The Karachi Port handled 417,816 tonnes of cargo comprising 297,797 tonnes of import cargo and 120,019 tonnes of export cargo including 11,855 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 2
Published 07 Feb, 2017 12:00am
Freight rates for VLCC fall to four-month low

Freight rates for VLCC fall to four-month low

Freight rates for very large crude carriers (VLCCs), which hit a four-month low on Thursday, are likely to hold around current levels or nudge higher as charterers fix the final charters in February's loading programme from the Middle East. Brokers howeve
Published 07 Feb, 2017 12:00am
Rhine water levels rise; shipping returns to normal

Rhine water levels rise; shipping returns to normal

Rising water levels on the Rhine and Danube in Germany are allowing shipping to return to normal on much of the rivers after two months of disruption caused by shallow water, traders said on Friday. The Rhine is an important shipping route for commodities
Published 07 Feb, 2017 12:00am
US wheat futures fall on profit-taking

US wheat futures fall on profit-taking

US wheat futures fell on Friday as investors locked in profits after the most-actively traded Chicago Board of Trade soft red winter wheat contract hit its highest since August on Thursday. Easing concerns about a cold snap damaging the dormant crop in ke
Published 07 Feb, 2017 12:00am
HRW wheat bids weaker

HRW wheat bids weaker

Spot basis bids for hard red winter wheat shipped by rail to the US Gulf Coast eased by 1 cent per bushel on Friday while bids were unchanged at elevators in the southern Plains amid ample supplies and slow farmer sales, grain merchants said. K.C. March w
Published 07 Feb, 2017 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Friday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,153. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 8.14 billion and the number of lots traded was 16,357.
Published 07 Feb, 2017 12:00am
Listless business on cotton market
Cotton

Listless business on cotton market

Trading activity could not pick up on cotton market amid cautious selling by ginners due to little stock with them, dealers said on Monday. The official spot rate was unmoved at Rs 6700, dealers said. In Sindh, seed cotton prices were at Rs 3200-3550, the
Published 07 Feb, 2017 12:00am
EU wheat prices fall in thin trade

EU wheat prices fall in thin trade

European wheat prices edged lower in thin trade on Friday, weighed by a decline in Chicago grains and a firmer euro. Dealers said an annual durum wheat event in France kept some participants away from their desks. March milling wheat on Paris-based Eurone
Published 07 Feb, 2017 12:00am
US natural gas futures fall to lowest since November

US natural gas futures fall to lowest since November

US natural gas futures on Friday fell to their lowest levels since November on forecasts continuing to call for mostly warmer-than-normal weather for the rest of the winter. Front-month gas futures fell 12.4 cents, or 3.9 percent, to settle at $3.063 per
Published 07 Feb, 2017 12:00am
Palm oil eases on EU vegoils market

Palm oil eases on EU vegoils market

Palm oil on the European vegetable oils market eased on Friday in a technical rebound from recent gains and because of bearish comments from a leading industry analyst. Asking prices for palm oil were between $2.50 and $10 a tonne down from Thursday after
Published 07 Feb, 2017 12:00am
US FOB Gulf soyabean offers flat

US FOB Gulf soyabean offers flat

Export premiums for soyabeans shipped from the US Gulf Coast were unchanged on Friday, anchored by seasonally slowing demand as competition from South American new-crop supplies rises, traders said. Brazilian soyabean crop forecasts are increasing amid la
Published 07 Feb, 2017 12:00am
Russia to ban beef imports from New Zealand

Russia to ban beef imports from New Zealand

Russia plans to ban temporarily imports of beef and beef products from New Zealand from February 6 after finding the feed additive ractopamine in some samples, Russia's agriculture safety watchdog said in a statement on Thursday. The watchdog, known as Ro
Published 07 Feb, 2017 12:00am
Message from President Islamic Republic of Pakistan

Message from President Islamic Republic of Pakistan

I am delighted to witness a new benchmark of efficiency and technical expertise introduced by the Fauji Coal Power Plant Project in our great country Pakistan. Congratulations to the Fauji Group on this proud achievement. The development of this Coal Powe
Published 07 Feb, 2017 12:00am
Message from Chief Executive & Managing Director

Message from Chief Executive & Managing Director

It gives me immense pleasure to convey my warm felicitations at the inauguration ceremony of 118 MW FFBL Coal Power Plant. This unique FPCL project is the first power plant in our country that has been executed through non-EPC approach. I am proud to lead
Published 07 Feb, 2017 12:00am
Message from Chief Executive & Managing Director Designate

Message from Chief Executive & Managing Director Designate

Today marks a significant achievement in the lifespan of FFBL and I am privileged to have joined this reputable organisation. Within a short span of time that I have spent here, I have witnessed the exceptional hard work and dedication of my colleagues to
Published 07 Feb, 2017 12:00am
Message from SYED AAMIR AHSAN, GGMF

Message from SYED AAMIR AHSAN, GGMF

It is gratifying to see the outstanding result of the efforts put in by FFBL and FPCL project teams. This accomplishment stands as a testament to what can be achieved through visionary leadership, committed management and a devoted workforce.
Published 07 Feb, 2017 12:00am
Message from ANWAR MEHMOOD SHAHID, GGMP

Message from ANWAR MEHMOOD SHAHID, GGMP

I am pleased to extend my warmest congratulations to the whole team of FPCL on the inauguration of Coal Power Plant. I am proud to have been part of this hardworking and dedicated team. It is a moment of great pride for all of us that we have translated o
Published 07 Feb, 2017 12:00am
MOKARRAM MIRZA, General Manager (Power)

MOKARRAM MIRZA, General Manager (Power)

It is a moment of great pride for all of us that FFBL and Fauji Group has added yet another feather in its cap by developing this 118MW Coal Power Plant. This impressive project has the capability to use both imported and indigenous coal and shall supply
Published 07 Feb, 2017 12:00am
Success Story of FPCL Coal Shed Construction

Success Story of FPCL Coal Shed Construction

Introduction: FPCL has safely completed the construction of Pakistan's largest storage shed of Lattice Grid Space Frame design, the designer and supplier of which is Xuzhou Zm-Besta Heavy Steel Structure, China. This shed is being used for storage of semi
Published 07 Feb, 2017 12:00am
Message from Project Manager FPCL

Message from Project Manager FPCL

My life's philosophy has always reflected a principle tenet of Islam, that is "Struggle is the meaning of life; defeat or victors is in the hands of God. But struggle itself is man's duty and should be his joy" (Al-Quran).
Published 07 Feb, 2017 12:00am
Message from Chief Executive Officer, K-Electric

Message from Chief Executive Officer, K-Electric

It gives me great pleasure to congratulate FFBL Power Company Limited on the inauguration of a state-of-the-art 118 MW Coal-Fired Power Plant at Bin Qasim, Karachi. The successful completion of the plant within the envisioned time is a testament of the pr
Published 07 Feb, 2017 12:00am
Message from Chief Generation & Transmission Officer, K-Electric

Message from Chief Generation & Transmission Officer, K-Electric

It is an honour to witness the inauguration of cutting-edge Coal Power Plant (CCP) today. Timely completion of the project has been achieved with the sound management practices of FFBL Power Company and its technical team. This further strengthens my beli
Published 07 Feb, 2017 12:00am
SHIFTING THE ENERGY GAME

SHIFTING THE ENERGY GAME

Pakistan is an agricultural country and substantial contribution to the GDP is through agriculture business. Increasing the yield of agricultural production is directly linked with Fertilizer production and its usage. Natural gas is the core ingredient of
Published 07 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 07 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 07 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 Monday (February 06, 2017).

Published 07 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 Monday (February 06, 2017).

Published 07 Feb, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Monday (February 06, 2017).
Published 07 Feb, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Monday (February 06, 2017).

Published 07 Feb, 2017 12:00am