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Archive - 2017-02-09
PSL II: Pakistan biggest cricket spectacle kicks off in Dubai
Pakistan Top News

PSL II: Pakistan biggest cricket spectacle kicks off in Dubai

Cricket world most awaited tournament is finally here, after the second edition of the Pakistan Super League (PSL) officially kicked off here at the Dubai International Cricket Stadium, on Thursday.
Published 09 Feb, 2017 05:00pm
Nadal needs rest instead of Rotterdam
Sports

Nadal needs rest instead of Rotterdam

MADRID: Rafael Nadal has confirmed he will sit out the upcoming Rotterdam Open after doctors told him he needed rest after his run to the Australian Open final.
Published 09 Feb, 2017 04:30pm
Iran's Rouhani says military power 'purely defensive'
World Top News

Iran's Rouhani says military power 'purely defensive'

TEHRAN: President Hassan Rouhani said Thursday Iran's military power was "purely defensive", after tensions with the United States over its missile programme and a nuclear deal soared following Donald Trump's inauguration.
Published 09 Feb, 2017 04:28pm
Putin, Erdogan to 'enhance' Syria coordination: Kremlin
Europe

Putin, Erdogan to 'enhance' Syria coordination: Kremlin

MOSCOW: Russian President Vladimir Putin and his Turkish counterpart Tayyip Recip Erdogan on Thursday agreed to bolster military coordination in Syria, the Kremlin said, after a Russian strike killed three Turkish soldiers.
Published 09 Feb, 2017 04:25pm
Trump disputes account of US Supreme Court pick's remarks
World Top News

Trump disputes account of US Supreme Court pick's remarks

WASHINGTON: President Donald Trump on Thursday disputed accounts that his Supreme Court pick was disheartened by the Republican president's attacks on judges, saying Judge Neil Gorsuch's comments were misrepresented.
Published 09 Feb, 2017 02:30pm
Soybeans see pause in rally ahead of USDA data
Commodities

Soybeans see pause in rally ahead of USDA data

PARIS/SINGAPORE: Chicago soybean futures edged lower on Thursday, snapping three sessions of gains that had taken it to a two-week high, as investors adjusted positions ahead of a closely watched global crop report from the US government.
Published 09 Feb, 2017 02:28pm
Spain's Telefonica in talks to sell Telxius stake
Industry

Spain's Telefonica in talks to sell Telxius stake

MADRID: Spain's Telefonica is in talks with private equity firms KKR, CVC and Ardian as well as sovereign fund GIC about the sale of a 49 percent stake in its telecom masts subsidiary Telxius, four sources said.
Published 09 Feb, 2017 02:26pm
Reserves decreases by $376 million
Top News

Reserves decreases by $376 million

KARACHI: State Bank of Pakistan on Thursday announced that the total liquid foreign reserves held by the country stood at US$22,031.
Published 09 Feb, 2017 02:17pm
Copper slips from highs but supply risks lend support
Commodities

Copper slips from highs but supply risks lend support

LONDON: Copper eased on Thursday as concerns over whether the supply and demand backdrop justified its recent rally prompted some to cash in the previous day's gains, though it remained underpinned by the threat of supply disruptions.
Published 09 Feb, 2017 01:52pm
Fillon seeks party unity as scandal weighs on campaign
Europe

Fillon seeks party unity as scandal weighs on campaign

PARIS: French presidential candidate Francois Fillon pressed on with his scandal-hit campaign on Thursday, seeking to rally his team, reverse opinion polls that show him trailing badly, and put a two week-old 'fake jobs' affair behind him.
Published 09 Feb, 2017 01:48pm
India applies to extradite Kingfisher tycoon Mallya from UK
Asia

India applies to extradite Kingfisher tycoon Mallya from UK

NEW DELHI: India said on Thursday it had applied to Britain to extradite Vijay Mallya to face trial after the liquor and aviation tycoon was charged with conspiracy and fraud over a loan to his defunct Kingfisher Airlines.
Published 09 Feb, 2017 01:38pm
Japan's Abe heads for Trump summit with jobs package
Asia

Japan's Abe heads for Trump summit with jobs package

TOKYO: Japan's Prime Minister Shinzo Abe headed to Washington on Thursday with a massive investment package for Donald Trump, possibly designed to inoculate his country against presidential criticism.
Published 09 Feb, 2017 12:55pm
India give Bangladesh harsh introduction
Cricket

India give Bangladesh harsh introduction

HYDERABAD: Blazing centuries from Virat Kohli and Murali Vijay powered India to a commanding 356 for three against a hapless Bangladesh bowling attack on the opening day of the one-off Test in Hyderabad Thursday.
Published 09 Feb, 2017 12:52pm
Multinational Naval Exercise - AMAN 2017 from Feb 10
Pakistan Top News

Multinational Naval Exercise - AMAN 2017 from Feb 10

KARACHI: Naval platforms of nine participating countries arrived here Thursday to participate in Multinational Naval Exercise AMAN 2017 organized by Pakistan Navy.
Published 09 Feb, 2017 12:11pm
RECORDER REPORT-PSX close of day
Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Thursday having 49908.
Published 09 Feb, 2017 11:15am
Azhar relinquishes one-day captaincy
Cricket

Azhar relinquishes one-day captaincy

DUBAI: Azhar Ali stepped down as Pakistan one-day captain after a string of poor results and will be replaced by Sarfraz Ahmed, the head of Pakistan's cricket board told AFP.
Published 09 Feb, 2017 10:46am
9/11 mastermind tells Obama attacks were America's fault
Front Top News

9/11 mastermind tells Obama attacks were America's fault

%D%AWASHINGTON: The self-proclaimed mastermind of the September 11 attacks wrote to former president Barack Obama to tell him 9/11 was a direct result of American foreign policy and the deaths of innocent people it has caused.
Published 09 Feb, 2017 10:27am
PSL II: Players to watch out for
Cricket

PSL II: Players to watch out for

The second edition of the Pakistan Super league (PSL) is set to kick off tonight (Thursday); the T20 tournament is expected to be yet another entertainment packed spectacle of cricket.
Published 09 Feb, 2017 10:14am
Chinese bank financing Orange Line project in Lahore
Pakistan Top News

Chinese bank financing Orange Line project in Lahore

KARACHI: China's largest commercial bank has announced that it provided short-term financing of $20 million for a rapid transit line project in Pakistan last month.
Published 09 Feb, 2017 09:46am
Sugarcane's popularity
Miscellaneous

Sugarcane's popularity

Earlier this week this column shed light on the area under major crops in Pakistan with an emphasis on wheat (published Monday).
Updated 09 Feb, 2017 09:46am
Mustafa Kamal claims Indian PM protected MQM founder
General News

Mustafa Kamal claims Indian PM protected MQM founder

PESHAWAR: Chief of Pak Sarzameen Party (PSP) Syed Mustafa Kamal conducted a press conference on Wednesday in the provincial capital of Khyber Pakhtunkhwa and claimed that Muttahida Qaumi Movement (MQM) founder Altaf Hussain was protected by India.
Published 09 Feb, 2017 08:41am
Pakistan set on track of sustainable growth: PM
Pakistan Top News

Pakistan set on track of sustainable growth: PM

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Thursday said Pakistan was set on track of sustainable growth and was ready to do business with the world.
Published 09 Feb, 2017 08:38am
FBR told to make proposals for greater transparency
Business & Economy

FBR told to make proposals for greater transparency

SOHAIL SARFRAZ%D%A%D%AISLAMABAD: Special Assistant to the Prime Minister on Revenue, Haroon Akhtar Khan on Wednesday directed the Federal Board of Revenue (FBR) to make policy proposals for bringing transparency in audit selection procedure and disclosure
Published 09 Feb, 2017 07:44am
Robusta coffee eases as Brazil import hopes fade

Robusta coffee eases as Brazil import hopes fade

Robusta coffee futures slipped on Wednesday as hopes faded that tight supplies would convince Brazil to import for the first time in decades. The sugar market set its focus on upcoming expiries, while New York cocoa slumped to its weakest in more than fiv
Published 09 Feb, 2017 12:00am
Malaysian palm oil hits two-week high

Malaysian palm oil hits two-week high

Malaysian palm oil futures hit a two-week high on Wednesday, stretching gains into a third session on expectations of a drop in stockpiles amid strong exports by the world's second-largest producer of the tropical oil. Benchmark palm oil futures for April
Published 09 Feb, 2017 12:00am
Rubber climbs

Rubber climbs

Benchmark Tokyo rubber futures climbed for a second session on Wednesday as investors looked for bargains after recent losses, while rising Shanghai futures and soft yen also lent support, dealers said. "Higher Shanghai market prompted buys in Tokyo," sai
Published 09 Feb, 2017 12:00am
Copper climbs as world's top two mines prepare to cut output

Copper climbs as world's top two mines prepare to cut output

Copper prices rose on Wednesday after the world's top two mines said strikes and permit delays would force them to cut output, squeezing global supply. BHP Billiton began to halt production at Escondida in Chile, the world's biggest copper mine, ahead of
Published 09 Feb, 2017 12:00am
Shanghai copper soars

Shanghai copper soars

Shanghai Futures Exchange copper rose 1.8 percent to 47,660 yuan ($6,923) a tonne on Wednesday, while Comex copper also rallied boosted by supply concerns after the world's top two mines said they planned to cut output due to strikes and permit delays.
Published 09 Feb, 2017 12:00am
Profit-taking pushes cotton down for third straight session
Cotton

Profit-taking pushes cotton down for third straight session

Cotton futures fell for the third straight session on Tuesday and touched a one-week low on liquidation by speculators and index funds. "The market ran out of momentum and when it was unable to push higher the sellers started taking profits," said Peter E
Published 09 Feb, 2017 12:00am
Trump, Erdogan agree Syria cooperation, CIA chief visit

Trump, Erdogan agree Syria cooperation, CIA chief visit

President Donald Trump and Turkey's Recep Tayyip Erdogan have agreed to cooperate in the fight against jihadists in Syria, in their first phone call since the new US leader took office, Ankara said Wednesday. The leaders of the two Nato allies also agreed
Published 09 Feb, 2017 12:00am
Turkey says targeting Raqa, claims progress in Al-Bab battle

Turkey says targeting Raqa, claims progress in Al-Bab battle

Turkey on Wednesday claimed significant progress in the months-long battle to capture the Islamic State (IS) held Syrian town of Al-Bab, signalling it was looking to push to the jihadist stronghold of Raqa in the next stage of the operation. Ankara launch
Published 09 Feb, 2017 12:00am
Somalia votes for president under tight security

Somalia votes for president under tight security

Somali lawmakers were choosing a president under tight security Wednesday, with roads closed and residents urged to remain indoors over fears of a strike on the capital by Shabaab militants. Freshly elected MPs and senators held a first round of voting in
Published 09 Feb, 2017 12:00am
NGOs file Supreme Court challenge to Israel settler law

NGOs file Supreme Court challenge to Israel settler law

Israeli and Palestinian rights groups petitioned the Supreme Court on Wednesday asking it to strike down a new law allowing expropriation of private Palestinian land for Jewish settlers. Israeli group Adalah said that it and the east Jerusalem-based Legal
Published 09 Feb, 2017 12:00am
Jordan says will not invite Syria to Arab summit

Jordan says will not invite Syria to Arab summit

Jordan said Wednesday it would not invite Syria to an Arab summit next month, five years after the bloc suspended Damascus over a harsh crackdown against protesters. Jordan is set to host the Arab League's annual summit near the Dead Sea on March 29. "How
Published 09 Feb, 2017 12:00am
Key Ukraine rebel commander killed in 'act of terror'

Key Ukraine rebel commander killed in 'act of terror'

A military chief of a self-proclaimed Russian-backed republic in eastern Ukraine was killed in an "act of terror" Wednesday, the latest victim of a string of similar attacks, local authorities said. The dead man was Mikhail Tolstykh, 36, head of the notor
Published 09 Feb, 2017 12:00am
EU may punish states for failing to take refugees

EU may punish states for failing to take refugees

The EU warned Wednesday that it will consider punishing member states next month if they fail to share the burden of asylum seekers stranded in Greece and Italy. European Commission vice president Frans Timmermans criticised the bloc for having so far adm
Published 09 Feb, 2017 12:00am
Ageing Europe needs immigration: EU foreign affairs chief

Ageing Europe needs immigration: EU foreign affairs chief

With its ageing population, Europe needs immigration and can only resolve the migrant crisis through cooperation and not by "closing its doors," EU foreign affairs chief Federica Mogherini said Wednesday. "I believe Europeans should understand that we nee
Published 09 Feb, 2017 12:00am
Putin foe Navalny given 5-year suspended jail term

Putin foe Navalny given 5-year suspended jail term

Prominent Russian opposition leader Alexei Navalny was convicted on Wednesday of embezzlement and given a five-year suspended sentence in a ruling that threatens his bid to challenge President Vladimir Putin in next year's presidential poll. The judge in
Published 09 Feb, 2017 12:00am
Fire engulfs Philippine slum, thousands homeless

Fire engulfs Philippine slum, thousands homeless

As many as 15,000 people are homeless after a huge fire engulfed an overcrowded slum in Manila, destroying thousands of homes and sending residents fleeing with their few possessions. The inferno started in a sprawling slum near the port late Tuesday and
Published 09 Feb, 2017 12:00am
UN appeals for $2.1 billion for Yemen aid

UN appeals for $2.1 billion for Yemen aid

The UN appealed Wednesday for $2.1 billion to provide desperately needed aid to millions of people in war-ravaged Yemen this year, warning the country could soon face famine. "Two years of war have devastated Yemen and millions of children, women and men
Published 09 Feb, 2017 12:00am
HBLPSL season 2 kick-starts in Dubai

HBLPSL season 2 kick-starts in Dubai

HBL brings yet another exciting season of Pakistan's biggest cricket event, HBL Pakistan Super League (HBLPSL). The league kick-starts on Thursday (today) in Dubai with a grand opening ceremony having performances by acclaimed Jamaican reggae singer Shagg
Published 09 Feb, 2017 12:00am
India axe triple centurion for Bangladesh Test

India axe triple centurion for Bangladesh Test

India captain Virat Kohli insisted Wednesday that his record-breaking side weren't taking their debut home Test against Bangladesh lightly - despite dropping a batsman who scored a triple century on his last outing. After going unbeaten in the last 18 Tes
Published 09 Feb, 2017 12:00am
Neuer's heroics put Bayern into cup quarters

Neuer's heroics put Bayern into cup quarters

Holders Bayern Munich squeezed into the quarter-finals of the German Cup with a 1-0 win over Wolfsburg on Tuesday following Douglas Costa's first-half strike and goalkeeper Manuel Neuer's heroics. Bayern were coasting at Munich's Allianz Arena after a wel
Published 09 Feb, 2017 12:00am
Gillespie says Root has right stuff

Gillespie says Root has right stuff

Jason Gillespie has no doubt Joe Root is the right man to captain England after overseeing his development with county side Yorkshire. Root is currently England's vice-captain and is the overwhelming favourite to replace Alastair Cook, who resigned as Tes
Published 09 Feb, 2017 12:00am
39 sixes as Indian batsman hits T20 triple ton

39 sixes as Indian batsman hits T20 triple ton

A little-known batsman made headlines across India on Wednesday after scoring an unbeaten triple century in a Twenty20 match, a knock which included a staggering 39 sixes. Mohit Ahlawat also smashed 14 fours in his 72-ball 300 - thought to be the first T2
Published 09 Feb, 2017 12:00am
Olympic champ Harper-Nelson gets three-month doping ban

Olympic champ Harper-Nelson gets three-month doping ban

Dawn Harper-Nelson, who won 2008 Beijing Olympic gold in the women's 100-meter hurdles, has accepted a three-month ban from the US Anti-Doping Agency (USADA) after testing positive for a banned substance. USADA announced Tuesday that Harper-Nelson tested
Published 09 Feb, 2017 12:00am
Tokyo 2020 bid chief quizzed over payments

Tokyo 2020 bid chief quizzed over payments

Japanese prosecutors have questioned Japan's Olympic chief and other officials over millions of dollars in payments made during Tokyo's successful bid to host the 2020 Olympics, reports said Wednesday. Japanese Olympic Committee (JOC) president Tsunekazu
Published 09 Feb, 2017 12:00am
Lahm to retire at end of season

Lahm to retire at end of season

Germany's World Cup winning captain Philipp Lahm on Tuesday confirmed he will retire at the end of the season and leave Bayern Munich, having rejected a role as sports director. "I have decided to stop playing football at the end of the season," Lahm said
Published 09 Feb, 2017 12:00am
Japan golf club 'baffled' over sexism row

Japan golf club 'baffled' over sexism row

The chairman of the Japanese golf club set to host the sport at the 2020 Tokyo Olympics said they are bewildered by requests to lift its ban on women becoming full members. Kasumigaseki Country Club in Saitama, north of Tokyo, postponed a decision to revi
Published 09 Feb, 2017 12:00am
Suarez sent-off as Barca oust Atletico to reach final

Suarez sent-off as Barca oust Atletico to reach final

Luis Suarez booked Barcelona's place in a fourth consecutive Copa del Rey final but was sent off as a bad-tempered 1-1 draw with Atletico Madrid on Tuesday secured a 3-2 aggregate win. Suarez's second goal of the tie looked to have put the semi-final beyo
Published 09 Feb, 2017 12:00am
Aussie, kiwi down
Currency

Aussie, kiwi down

The Australian dollar inched lower on Wednesday for its third straight day of losses after repeatedly failing to breach a key chart resistance level and on broad greenback strength. The Aussie was down 0.1 percent at $0.7621, drifting away from a three-mo
Published 09 Feb, 2017 12:00am
Sterling weathers economic warnings to hold above $1.25
Currency

Sterling weathers economic warnings to hold above $1.25

Sterling held above $1.25 on Wednesday as warnings about the economic impact of Brexit failed to reverse the positive effect of suggestions that Britain's economy could sustain interest rate rises. A Bank of England survey on Wednesday indicated that empl
Published 09 Feb, 2017 12:00am
China's yuan up

China's yuan up

China's yuan firmed slightly against the dollar on Wednesday, in part supported by corporate dollar sales after the greenback climbed to one-week highs overnight in global markets. Traders said the market took in stride the larger-than-expected fall in Ch
Published 09 Feb, 2017 12:00am
Asian currencies take breather

Asian currencies take breather

Most Asian currencies were steady to firmer on Wednesday, but still nursed losses from the previous day when they fell on worries over European political risks and after data showed a drop in China's foreign exchange reserves. South Korea's won edged up 0
Published 09 Feb, 2017 12:00am
Sri Lanka rupee up
Currency

Sri Lanka rupee up

The Sri Lankan rupee rose for the first time in a week on Wednesday as exporter dollar sales surpassed the demand for the US currency from banks to facilitate continuous exit of foreign investors from government securities, dealers said. Rupee forwards we
Published 09 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 Wednesday. 79.20-79.20 (previous 79.18-79.20).
Published 09 Feb, 2017 12:00am
Dollar climbs in New York
Currency

Dollar climbs in New York

The dollar climbed to a more than one-week high on Tuesday as it gained for a fifth straight session, bolstered by technical buying after recent losses as well as political uncertainty in Europe with a slew of elections this year. The greenback posted its
Published 09 Feb, 2017 12:00am
Early trade in New York: Dollar down after Treasury yields fall
Currency

Early trade in New York: Dollar down after Treasury yields fall

The dollar fell on Wednesday after two days of gains, pressured by the decline in US Treasury yields as investors have priced out a March rate hike by the Federal Reserve amid uncertainty about President Donald Trump's economic policies. Joe Manimbo, seni
Published 09 Feb, 2017 12:00am
Political risks weigh on euro, yen gains
Currency

Political risks weigh on euro, yen gains

The euro fell another third of a percent against the dollar on Wednesday, as concerns around a resurgence in political risk to the single currency project drove its worst run of daily losses in almost two months. The yen, however, inched up to 112.20 per
Published 09 Feb, 2017 12:00am
Euro licks its wounds in Asia
Currency

Euro licks its wounds in Asia

The euro nursed losses in Asian trading on Wednesday, pressured by political woes in Europe ahead of elections that checked its recent ascent against the dollar. France's presidential race sank deeper into the mire of scandal after centrist Emmanuel Macro
Published 09 Feb, 2017 12:00am
FTSE steadies as housebuilders offset weaker commodities

FTSE steadies as housebuilders offset weaker commodities

Britain's top share index steadied on Wednesday, underperforming European peers, as a drop in energy stock prices prompted by oil price weakness offset a rally led by housing stocks. The bluechip FTSE 100 index closed flat in percentage terms at 7,188.82
Published 09 Feb, 2017 12:00am
Most Southeast Asian stocks lower

Most Southeast Asian stocks lower

Most Southeast Asian markets ended lower on Wednesday following an overnight plunge in oil prices, while Thai shares gained after the central bank kept interest rate unchanged, but said the economy would recover at a faster pace. MSCI's broadest index of
Published 09 Feb, 2017 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks fell on Wednesday, as heavyweights such as Taiwan Semiconductor Manufacturing Co (TSMC) followed regional markets lower. As of 0230 GMT, the main TAIEX index fell 0.3 percent to 9,524.36 points, after closing at 9,554.56 points in the previo
Published 09 Feb, 2017 12:00am
Earnings support European shares but political jitters hit banks

Earnings support European shares but political jitters hit banks

European shares edged ahead on Wednesday, helped by good earning updates, but bank stocks hit a five-week low on growing concerns over the region's crowded election agenda this year. The STOXX 600 rose 0.3 percent after a volatile session that saw the pan
Published 09 Feb, 2017 12:00am
Tokyo stocks up after seesaw session
Currency

Tokyo stocks up after seesaw session

Tokyo stocks ended higher Wednesday after a seesaw session with the main indexes sitting in negative territory at the lunch break. Japan's main equity markets opened higher on the back of a rise in New York, where the Nasdaq hit a record high after Apple
Published 09 Feb, 2017 12:00am
Shanghai stocks rise to near one-month high

Shanghai stocks rise to near one-month high

Shanghai stocks rose to a near one-month high on Wednesday, as a strong rally in financial shares erased initial worries stemming from data showing the nation's foreign exchange reserves fell below a psychological level. The bluechip CSI300 index rose 0.5
Published 09 Feb, 2017 12:00am
Australian shares advance

Australian shares advance

Financial firms pushed Australian shares higher on Wednesday, in the wake of gains on Wall Street, as the market remained positive following the central bank's upbeat tone on growth. The S&P/ASX 200 index rose 0.52 percent, or 29.476 points, to 5,651.4 at
Published 09 Feb, 2017 12:00am
Treasury yields hit three-week low

Treasury yields hit three-week low

US Treasury yields fell to their lowest in nearly three weeks on Tuesday, drifting past significant technical levels, as fixed-income investors worried that President Donald Trump's pro-growth policies could be hamstrung by his focus on other issues. Trad
Published 09 Feb, 2017 12:00am
Treasury yields hit three-week low

Treasury yields hit three-week low

US Treasury yields fell to their lowest in nearly three weeks on Tuesday, drifting past significant technical levels, as fixed-income investors worried that President Donald Trump's pro-growth policies could be hamstrung by his focus on other issues. Trad
Published 09 Feb, 2017 12:00am
Hong Kong stocks rise

Hong Kong stocks rise

Hong Kong stocks erased early losses and closed at 3-1/2-month highs on Wednesday, boosted by shares of China property developers and brokers. The benchmark Hang Seng index ended up 0.7 percent at 23,485.13 points, while the Hong Kong China Enterprises In
Published 09 Feb, 2017 12:00am
Wall Street edges up as Nasdaq sets record high

Wall Street edges up as Nasdaq sets record high

The S&P 500 ended barely higher on Tuesday while the Nasdaq managed to scratch out a new record as gains in big tech names countered energy declines. The Dow Jones Industrial Average also hit an intraday all-time high just after the market opened, and the
Published 09 Feb, 2017 12:00am
Wednesday's early trade: stocks little changed

Wednesday's early trade: stocks little changed

US stocks were little changed late Wednesday morning as investors assessed a flood of quarterly earnings reports. More than half of the S&P 500 companies have reported results so far, with their combined earnings estimated to have risen 8.2 percent - the
Published 09 Feb, 2017 12:00am
India's NSE up

India's NSE up

Indian shares oscillated in and out of positive terrain on Wednesday amid tepid investor sentiment ahead of the central bank's monetary policy decision later in the day. Analysts expect a close call with 28 of 46 participants in a Reuters poll last week p
Published 09 Feb, 2017 12:00am
US clear pathway for Dakota pipeline

US clear pathway for Dakota pipeline

US authorities said Tuesday they will approve a permit to complete the controversial Dakota Access pipeline to reduce transportation costs and give US producers a boost as they compete against oil from Canada. The decision comes after months of protests b
Published 09 Feb, 2017 12:00am
India to remove cash withdrawal limits
Currency

India to remove cash withdrawal limits

Limits on cash withdrawals will be removed entirely from March 13, India's central bank said Wednesday, as it left interest rates on hold for the second time since a ban on high-value rupee notes. The Reserve Bank of India capped cash withdrawals after Pr
Published 09 Feb, 2017 12:00am
EU to phase out China solar panel duties

EU to phase out China solar panel duties

The EU said Wednesday it aimed to phase out anti-dumping duties on Chinese solar panel imports after 18 months, ending a bitter dispute with one of its largest trading partners. Stung by US President Donald Trump's protectionist stance, the EU has touted
Published 09 Feb, 2017 12:00am
Foreign banks, wealth funds eye cooperation with Turkish wealth fund

Foreign banks, wealth funds eye cooperation with Turkish wealth fund

Foreign banks and sovereign wealth funds are interested in working with Turkey's newly formed wealth fund, which is likely to make its first transaction this year, Turkish Finance Minister Naci Agbal told Reuters on Wednesday. The government said this wee
Published 09 Feb, 2017 12:00am
Foreign banks, wealth funds eye cooperation with Turkish wealth fund

Foreign banks, wealth funds eye cooperation with Turkish wealth fund

Foreign banks and sovereign wealth funds are interested in working with Turkey's newly formed wealth fund, which is likely to make its first transaction this year, Turkish Finance Minister Naci Agbal told Reuters on Wednesday. The government said this wee
Published 09 Feb, 2017 12:00am
Moelis wins advisory role for mammoth Saudi IPO

Moelis wins advisory role for mammoth Saudi IPO

Boutique investment bank Moelis & Co has been chosen as an adviser by Saudi Aramco on what is expected to be the world's biggest initial public share offering, sources familiar with the matter told Reuters. The IPO, which Saudi officials expect to value t
Published 09 Feb, 2017 12:00am
Moelis wins advisory role for mammoth Saudi IPO

Moelis wins advisory role for mammoth Saudi IPO

Boutique investment bank Moelis & Co has been chosen as an adviser by Saudi Aramco on what is expected to be the world's biggest initial public share offering, sources familiar with the matter told Reuters. The IPO, which Saudi officials expect to value t
Published 09 Feb, 2017 12:00am
Qatar keen on US energy market

Qatar keen on US energy market

Gas-rich Qatar is looking for opportunities to invest in the US energy market, the Gulf state's Energy Minister Mohammed Saleh al-Sada said on Wednesday. Sada said Qatar wanted to build on Doha's good ties with Washington and shrugged off fears about any
Published 09 Feb, 2017 12:00am
South Africa introduces $260 a month minimum wage

South Africa introduces $260 a month minimum wage

South Africa will introduce a national minimum wage of 3,500 rand ($261) per month in 2018, Deputy President Cyril Ramaphosa said on Wednesday, following protracted negotiations between the government and labour unions. Supporters of a minimum wage say it
Published 09 Feb, 2017 12:00am
Sri Lanka to raise $2.5 billion through foreign loans

Sri Lanka to raise $2.5 billion through foreign loans

Sri Lanka's central bank Wednesday announced plans to raise $2.5 billion in foreign loans, a month after Finance Minister Ravi Karunanayake said the country was struggling under a "gigantic debt trap". The nation is struggling to repay billions of dollars
Published 09 Feb, 2017 12:00am
Japan logs biggest current account surplus since 2007
Currency

Japan logs biggest current account surplus since 2007

Japan attained its second-biggest current account surplus on record in 2016, Ministry of Finance data showed on Wednesday, just days before the US and Japanese leaders meet for talks with trade surpluses and currency valuations expected to be high on the
Published 09 Feb, 2017 12:00am
Malaysia's exports up 10.7 percent

Malaysia's exports up 10.7 percent

Malaysia's exports grew for a second consecutive month in December on strong demand for electrical and electronic goods, and commodities, government data showed on Wednesday. Exports in December expanded 10.7 percent from a year earlier, faster than the 9
Published 09 Feb, 2017 12:00am
Canadian January housing starts rise, driven by Ontario

Canadian January housing starts rise, driven by Ontario

Canadian housing starts unexpectedly rose in January as Ontario saw a strong increase on ground breaking of new homes, suggesting home construction got off to a strong start in 2017. The seasonally adjusted annualized rate of housing starts rose to 207,40
Published 09 Feb, 2017 12:00am
India central bank signals end to rate cuts as inflation risks rise

India central bank signals end to rate cuts as inflation risks rise

India's central bank kept its policy rate on hold on Wednesday and unexpectedly signalled an end to its longest easing cycle since the global financial crisis, saying inflation poses a bigger threat to the economy than a crackdown on "black money."
Published 09 Feb, 2017 12:00am
Ukraine's economy surged at end of last year

Ukraine's economy surged at end of last year

Ukraine's economy grew as much as 4.8 percent year-on-year in the fourth quarter, the state statistics agency's chief said on Wednesday, citing preliminary data that suggests a stronger-than-expected recovery towards the end of the year. The improvement w
Published 09 Feb, 2017 12:00am
Brazil's plunging inflation fuels rate cut bets

Brazil's plunging inflation fuels rate cut bets

Consumer prices rose less than expected in Brazil in January for the fifth straight month, increasing the chances of steeper interest rate cuts and a stronger economic recovery as the inflation rate falls toward the government's long-missed target. The an
Published 09 Feb, 2017 12:00am
China says risks from cross-border capital flows under control
Currency

China says risks from cross-border capital flows under control

China's foreign exchange regulator said on Wednesday that risks from cross-border capital flows will be generally under control in 2017, a day after the country reported that its forex reserves had fallen to near six-year lows. Chinese authorities have ta
Published 09 Feb, 2017 12:00am
Volkswagen mulls slashing executive pay

Volkswagen mulls slashing executive pay

German car giant Volkswagen is considering a cap on executive pay and bonuses in the wake of its "dieselgate" scandal, AFP learned Tuesday. A salary cap "may be on the agenda" for a supervisory board meeting on February 24, a VW source told AFP, partially
Published 09 Feb, 2017 12:00am
Palm oil mostly firmer on European vegoils market
Currency

Palm oil mostly firmer on European vegoils market

Palm oil on the European vegetable oils market offered mostly firmer, tracking Malaysian palm oil futures on expectations for tighter supplies against improved demand in the monthly Malaysian Palm Oil Board supply/demand report due at the end of the week.
Published 09 Feb, 2017 12:00am
Cotton prices higher on renewed buying interest
Cotton

Cotton prices higher on renewed buying interest

Prices gained momentum on the cotton market on Wednesday on emergence of renewed buying by mills and spinners, dealers said. The official spot rate was unmoved at Rs 6700, dealers said. In Sindh, seed cotton prices were at Rs 3200-3500, they said. In Punj
Published 09 Feb, 2017 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 176,275 tonnes of cargo comprising 146,404 tonnes of import cargo and 29,871 tonnes of export cargo including 6,791 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
Published 09 Feb, 2017 12:00am
EU wheat futures edge higher on weak euro

EU wheat futures edge higher on weak euro

European wheat futures edged higher on Tuesday, boosted by a slide in the euro and soybean-led gains in Chicago futures although gains were capped by large stocks. March milling wheat on Paris-based Euronext ended 0.75 euros, or 0.45 percent, higher at 16
Published 09 Feb, 2017 12:00am
US FOB Gulf soyabean offers jump on Chinese demand

US FOB Gulf soyabean offers jump on Chinese demand

Export premiums for soyabeans shipped from the US Gulf Coast were steady to mostly higher on Tuesday, supported by limited near-term loading capacity and good demand for summertime shipments from top importer China, traders said.
Published 09 Feb, 2017 12:00am
Russian wheat prices stable on good weather

Russian wheat prices stable on good weather

Russian wheat prices were stable as a cold spell last week did not damage winter grain sowings and the weather was expected to be favourable for the crop in coming days, an analyst said on Monday. Black Sea prices for Russian wheat with 12.5 percent prote
Published 09 Feb, 2017 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Tuesday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,136. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 6.13 billion and the number of lots traded was 13,390. Major business was contributed by cu
Published 09 Feb, 2017 12:00am
Iran at a glance

Iran at a glance

Tourism in the Islamic Republic of Iran is diverse, providing a range of activities from hiking and skiing in the Alborz mountains, to beach holidays by the Persian Gulf and the Caspian Sea. Luckily, Iran as a historical and religious country, is among th
Published 09 Feb, 2017 12:00am
Message from Consul General of the Islamic Republic of Iran

Message from Consul General of the Islamic Republic of Iran

My dear Pakistani sisters and brothers the greate people of the Islamic Republic of Pakistan, Assalam-o-alykom! As the new Consul General of the Islamic Republic of Iran in Karachi, in to the first week of my arrival here, it gives me great pleasure to co
Published 09 Feb, 2017 12:00am
Message from Chairman Pakistan Cricket Board

Message from Chairman Pakistan Cricket Board

Cricket holds a unique power in Pakistan; one that transcends all boundaries. We have wanted to launch the PSL for a long time now. Finally, all of the pieces in the puzzle are coming together. The League became the talk of the town and invited great inte
Published 09 Feb, 2017 12:00am
Message from Chairman HBL Pakistan Super League

Message from Chairman HBL Pakistan Super League

HBL Pakistan Super League is more than just an international tournament; it is Pakistan's only global sporting league. With record-breaking attendance figures and sky-rocketing television ratings, it was a spectacle unheard of in the country. Witnessing t
Published 09 Feb, 2017 12:00am
Message from Tournament Director PSL Director Marketing PCB

Message from Tournament Director PSL Director Marketing PCB

With the dawn of 2017, as we look forward to the second edition of the HBL PSL, I would like to thank the HBL PSL Governing Council, the Franchisees, our Sponsors , Broadcasters , my team members and all other partners for making this tournament a huge su
Published 09 Feb, 2017 12:00am
Message from Iqbal Qasim

Message from Iqbal Qasim

Iqbal Qasim needs no second introduction. The hero of Bangalore played 50 test matches for Pakistan and secured 171 wickets at a miserly average. Qasim, on his credit, also has one shy of thousand first class wickets. He has also served as the Chairman of
Published 09 Feb, 2017 12:00am
Message from Tauseef Ahmed

Message from Tauseef Ahmed

Tauseef Ahmed is a former Pakistan Test player and was a canny off-spinner, with 148 international wickets to his credit. His test bowling average was better than the likes of Abdul Qadir, which tells just how good he was. Tauseef shared his views on the
Published 09 Feb, 2017 12:00am
Message from Saleem Jaffer

Message from Saleem Jaffer

Saleem Jaffer was a tall lanky left arm fast bowler, who opened the bowling for Pakistan with the likes of Wasim Akram and Imran Khan. Saleem played 53 international matches for Pakistan, and has served the PCB as a selection committee member. He currentl
Published 09 Feb, 2017 12:00am
Message from Mohyuddin A. Khan

Message from Mohyuddin A. Khan

Mohyuddin A. Khan is a former first class cricketer. Left Arm all Rounder. His career started in 1975 and spanned over 16 years. Mohyuddin has 200 First Class wickets to his credit. He also played in English county leagues. He shared his candid views on P
Published 09 Feb, 2017 12:00am
Message from Ghulam Ali

Message from Ghulam Ali

Ghulam Ali is a former international player who played 3 ODIs for Pakistan between 1993 and 1995. Ali, to his credit, has almost 10,000 first class runs with a healthy average of 40. He represented the strong PIA cricket team for a long period, and has be
Published 09 Feb, 2017 12:00am
Message from Mahmood Hamid

Message from Mahmood Hamid

Mahmood Hamid is a former international player, who played a solitary ODI for Pakistan back in 1995. His first class career spanned over 20 years, where he scored 22 centuries. Hamid also coached the Pakistan International Airlines cricket team. Hamid she
Published 09 Feb, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 09 Feb, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 09 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 09 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 09 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 Wednesday (February 08, 2017).

Published 09 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 Wednesday (February 08, 2017).

Published 09 Feb, 2017 12:00am
Bill buying rates per unit of currency
Currency

Bill buying rates per unit of currency

Bill Buying Rates per unit of currency -- issued by the Treasury Management Division of the National Bank of Pakistan on Wednesday (February 08, 2017).

Published 09 Feb, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (February 08, 2017).
Published 09 Feb, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (February 08, 2017).

Published 09 Feb, 2017 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 08, 2017).

Published 09 Feb, 2017 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 08, 2017).

Published 09 Feb, 2017 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 08, 2017).

Published 09 Feb, 2017 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (February 08, 2017).

Published 09 Feb, 2017 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (February 08, 2017).

Published 09 Feb, 2017 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (February 08, 2017).

Published 09 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (February 08, 2017).

Published 09 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (February 08, 2017).

Published 09 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (February 08, 2017).

Published 09 Feb, 2017 12:00am
British MPs approve bill to start Brexit

British MPs approve bill to start Brexit

British MPs overwhelmingly backed a bill on Wednesday empowering Prime Minister Theresa May to start negotiations on leaving the European Union, bringing Brexit a significant step closer. Members of the House of Commons voted by 494 votes to 122 for a law
Published 09 Feb, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (February 08, 2017).

Published 09 Feb, 2017 12:00am
British MPs approve bill to start Brexit

British MPs approve bill to start Brexit

British MPs overwhelmingly backed a bill on Wednesday empowering Prime Minister Theresa May to start negotiations on leaving the European Union, bringing Brexit a significant step closer. Members of the House of Commons voted by 494 votes to 122 for a law
Published 09 Feb, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (February 08, 2017).

Published 09 Feb, 2017 12:00am
British MPs approve bill to start Brexit

British MPs approve bill to start Brexit

British MPs overwhelmingly backed a bill on Wednesday empowering Prime Minister Theresa May to start negotiations on leaving the European Union, bringing Brexit a significant step closer. Members of the House of Commons voted by 494 votes to 122 for a law
Published 09 Feb, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (February 08, 2017).

Published 09 Feb, 2017 12:00am
Trump terms courts 'so political'

Trump terms courts 'so political'

An appeals court weighing whether to reinstate President Donald Trump's executive order closing US borders to refugees and nationals from seven Muslim-majority countries said it did not plan to hand down its ruling on Wednesday. "The court will not be iss
Published 09 Feb, 2017 12:00am
Trump terms courts 'so political'

Trump terms courts 'so political'

An appeals court weighing whether to reinstate President Donald Trump's executive order closing US borders to refugees and nationals from seven Muslim-majority countries said it did not plan to hand down its ruling on Wednesday. "The court will not be iss
Published 09 Feb, 2017 12:00am
UK Foreign minister renounces US citizenship

UK Foreign minister renounces US citizenship

British Foreign minister Boris Johnson, who was born in New York, has renounced his US citizenship, a United States Treasury Department document said on Wednesday. Alexander Boris Johnson figured in the Treasury list of people who had given up their US ci
Published 09 Feb, 2017 12:00am
UK Foreign minister renounces US citizenship

UK Foreign minister renounces US citizenship

British Foreign minister Boris Johnson, who was born in New York, has renounced his US citizenship, a United States Treasury Department document said on Wednesday. Alexander Boris Johnson figured in the Treasury list of people who had given up their US ci
Published 09 Feb, 2017 12:00am
May invited to attend 'One Belt, One Road' summit

May invited to attend 'One Belt, One Road' summit

China has invited British Prime Minister Theresa May to attend a major summit in May on its "One Belt, One Road" initiative to build a new Silk Road, diplomatic sources told Reuters, as London said she would visit China this year. "One Belt, One Road" is
Published 09 Feb, 2017 12:00am
May invited to attend 'One Belt, One Road' summit

May invited to attend 'One Belt, One Road' summit

China has invited British Prime Minister Theresa May to attend a major summit in May on its "One Belt, One Road" initiative to build a new Silk Road, diplomatic sources told Reuters, as London said she would visit China this year. "One Belt, One Road" is
Published 09 Feb, 2017 12:00am
May invited to attend ''One Belt, One Road'' summit

May invited to attend ''One Belt, One Road'' summit

China has invited British Prime Minister Theresa May to attend a major summit in May on its "One Belt, One Road" initiative to build a new Silk Road, diplomatic sources told Reuters, as London said she would visit China this year. "One Belt, One Road" is
Published 09 Feb, 2017 12:00am
Military leadership discusses security situation

Military leadership discusses security situation

The 199th Corps Commanders' conference held here on Wednesday at the General Headquarters (GHQ) reviewed the country's security environment and challenges. The conference presided over by the Chief of Army Staff (CoAS), General Qamar Javed Bajwa, viewed c
Published 09 Feb, 2017 12:00am
Military leadership discusses security situation

Military leadership discusses security situation

The 199th Corps Commanders' conference held here on Wednesday at the General Headquarters (GHQ) reviewed the country's security environment and challenges. The conference presided over by the Chief of Army Staff (CoAS), General Qamar Javed Bajwa, viewed c
Published 09 Feb, 2017 12:00am
Index modestly up

Index modestly up

Pakistan Stock Exchange (PSX) witnessed a highly volatile session Wednesday. The benchmark KSE-100 index kept moving between 50,037.11 points intra-day high and 49,742.78 points intra-day low level. The index closed at 49,874.96 points with a modest gain
Published 09 Feb, 2017 12:00am
Index modestly up

Index modestly up

Pakistan Stock Exchange (PSX) witnessed a highly volatile session Wednesday. The benchmark KSE-100 index kept moving between 50,037.11 points intra-day high and 49,742.78 points intra-day low level. The index closed at 49,874.96 points with a modest gain
Published 09 Feb, 2017 12:00am
Index modestly up

Index modestly up

Pakistan Stock Exchange (PSX) witnessed a highly volatile session Wednesday. The benchmark KSE-100 index kept moving between 50,037.11 points intra-day high and 49,742.78 points intra-day low level. The index closed at 49,874.96 points with a modest gain
Published 09 Feb, 2017 12:00am
BRIndex30 loses 118.31 points

BRIndex30 loses 118.31 points

On Wednesday, BRIndex30 opened at 28,947.41 points. It touched an intraday high of 29,163.78 points and an intraday low of 28,803.54 points and closed at 28,829.10 points which was -118.31 points or -0.41 percent lower than previous close. Total volume wa
Published 09 Feb, 2017 12:00am
BRIndex30 loses 118.31 points

BRIndex30 loses 118.31 points

On Wednesday, BRIndex30 opened at 28,947.41 points. It touched an intraday high of 29,163.78 points and an intraday low of 28,803.54 points and closed at 28,829.10 points which was -118.31 points or -0.41 percent lower than previous close. Total volume wa
Published 09 Feb, 2017 12:00am
Government faces tough questions on 2013 debt settlement

Government faces tough questions on 2013 debt settlement

Coming out clean on the issue of payment of Rs 480 billion to the power sector for settlement of circular debt in 2013 seems to be a can of worms for the government, as officials of the Ministry of Water and Power Wednesday failed to satisfy a parliamenta
Published 09 Feb, 2017 12:00am
Government faces tough questions on 2013 debt settlement

Government faces tough questions on 2013 debt settlement

Coming out clean on the issue of payment of Rs 480 billion to the power sector for settlement of circular debt in 2013 seems to be a can of worms for the government, as officials of the Ministry of Water and Power Wednesday failed to satisfy a parliamenta
Published 09 Feb, 2017 12:00am
Government faces tough questions on 2013 debt settlement

Government faces tough questions on 2013 debt settlement

Coming out clean on the issue of payment of Rs 480 billion to the power sector for settlement of circular debt in 2013 seems to be a can of worms for the government, as officials of the Ministry of Water and Power Wednesday failed to satisfy a parliamenta
Published 09 Feb, 2017 12:00am
Government faces tough questions on 2013 debt settlement

Government faces tough questions on 2013 debt settlement

Coming out clean on the issue of payment of Rs 480 billion to the power sector for settlement of circular debt in 2013 seems to be a can of worms for the government, as officials of the Ministry of Water and Power Wednesday failed to satisfy a parliamenta
Published 09 Feb, 2017 12:00am
Payment made after taking undertaking, parliamentary panel told

Payment made after taking undertaking, parliamentary panel told

Ministry of Water and Power has informed a parliamentary panel that payment to the independent power producers (IPPs) was made after taking a written undertaking for operating power plants at optimal generation capacity, etc. A sub-committee of Senate Sta
Published 09 Feb, 2017 12:00am
Payment made after taking undertaking, parliamentary panel told

Payment made after taking undertaking, parliamentary panel told

Ministry of Water and Power has informed a parliamentary panel that payment to the independent power producers (IPPs) was made after taking a written undertaking for operating power plants at optimal generation capacity, etc. A sub-committee of Senate Sta
Published 09 Feb, 2017 12:00am
Payment made after taking undertaking, parliamentary panel told

Payment made after taking undertaking, parliamentary panel told

Ministry of Water and Power has informed a parliamentary panel that payment to the independent power producers (IPPs) was made after taking a written undertaking for operating power plants at optimal generation capacity, etc. A sub-committee of Senate Sta
Published 09 Feb, 2017 12:00am
CCoP seeks early transaction of Kapco

CCoP seeks early transaction of Kapco

Cabinet Committee on Privatisation (CCoP) has directed Privatisation Commission and Ministry of Water and Power to finalise a detailed comfort letter for early transaction of Kot Addu Power Company (Kapco), well-informed sources in Water and Power Ministr
Published 09 Feb, 2017 12:00am
CCoP seeks early transaction of Kapco

CCoP seeks early transaction of Kapco

Cabinet Committee on Privatisation (CCoP) has directed Privatisation Commission and Ministry of Water and Power to finalise a detailed comfort letter for early transaction of Kot Addu Power Company (Kapco), well-informed sources in Water and Power Ministr
Published 09 Feb, 2017 12:00am
CCoP seeks early transaction of Kapco

CCoP seeks early transaction of Kapco

Cabinet Committee on Privatisation (CCoP) has directed Privatisation Commission and Ministry of Water and Power to finalise a detailed comfort letter for early transaction of Kot Addu Power Company (Kapco), well-informed sources in Water and Power Ministr
Published 09 Feb, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 09 Feb, 2017 12:00am
Pakistan summons Indian envoy over ceasefire violation

Pakistan summons Indian envoy over ceasefire violation

Pakistan on Wednesday summoned an Indian diplomat over the recent cross Line of Control (LoC) firing, officials said. The army says that a 25-year-old labourer, who was working for a construction company, was martyred as a result of unprovoked Indian in t
Published 09 Feb, 2017 12:00am
Civil court stays Lahore Gymkhana Club's election

Civil court stays Lahore Gymkhana Club's election

A civil court has stayed election of Lahore Gymkhana Club, scheduled for March 7, and issued notices to the club management for February 10. Aslam Chaudhry, a member of the club contended that the incumbent secretary of the club convened an annual general
Published 09 Feb, 2017 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 09 Feb, 2017 12:00am
Mahbooba assumes charge as DG Withholding

Mahbooba assumes charge as DG Withholding

Mahbooba Razzaq has assumed the charge of the post of Director General (Withholding), Federal Board of Revenue (FBR). According to a notification issued on Wednesday, Ms . Mahbooba Razzaq , BS-20 officer of Inland Revenue Service has relinquished the char
Published 09 Feb, 2017 12:00am
Board Meetings
Cotton

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 09 Feb, 2017 12:00am
Strong 6.3 quake strikes off Balochistan coast

Strong 6.3 quake strikes off Balochistan coast

A strong 6.3-magnitude earthquake struck off the coast of Pakistan early Wednesday, the US Geological Survey (USGS) said, but there were no immediate reports of injuries. The shallow quake struck at 3:03 am (2203 GMT Tuesday), with the epicentre 23 kilome
Published 09 Feb, 2017 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 09 Feb, 2017 12:00am
Strong 6.3 quake strikes off Balochistan coast

Strong 6.3 quake strikes off Balochistan coast

A strong 6.3-magnitude earthquake struck off the coast of Pakistan early Wednesday, the US Geological Survey (USGS) said, but there were no immediate reports of injuries. The shallow quake struck at 3:03 am (2203 GMT Tuesday), with the epicentre 23 kilome
Published 09 Feb, 2017 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 09 Feb, 2017 12:00am
Qatar spending $500 million a week on World Cup projects

Qatar spending $500 million a week on World Cup projects

High-spending World Cup 2022 hosts Qatar are splurging almost $500 million every week on major infrastructure projects for football's biggest tournament, the country's finance minister said on Tuesday. That eye-watering level of spending could continue un
Published 09 Feb, 2017 12:00am
Qatar spending $500 million a week on World Cup projects

Qatar spending $500 million a week on World Cup projects

High-spending World Cup 2022 hosts Qatar are splurging almost $500 million every week on major infrastructure projects for football's biggest tournament, the country's finance minister said on Tuesday. That eye-watering level of spending could continue un
Published 09 Feb, 2017 12:00am
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