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Archive - 2017-02-16
Lahore Qalandars beat Kings by seven runs
Cricket

Lahore Qalandars beat Kings by seven runs

DUBAI: Lahore Qalandars beat Karachi kings by seven runs and get two important points in 8th match of HBL Pakistan Super League II (PSL) here at Sharjah Cricket Association Stadium on Thursday night.
Published 16 Feb, 2017 08:05pm
Lal Shahbaz bombing: IS claims responsibility of suicide attack
Pakistan Top News

Lal Shahbaz bombing: IS claims responsibility of suicide attack

KARACHI: A suicide bomber attacked a crowded Sufi shrine in Sehwan Sharif on Thursday, killing at least 72 people and wounding dozens more in the deadliest of a wave of bombings across the South Asian nation this week.
Published 16 Feb, 2017 06:29pm
Trump: 'I inherited a mess'
North America

Trump: 'I inherited a mess'

WASHINGTON: US President Donald Trump said Thursday the United States faces a host of problems at home and abroad, declaring: "I inherited a mess.
Published 16 Feb, 2017 06:26pm
Trump: 'I inherited a mess'
North America

Trump: 'I inherited a mess'

WASHINGTON: US President Donald Trump said Thursday the United States faces a host of problems at home and abroad, declaring: "I inherited a mess.
Published 16 Feb, 2017 06:24pm
Lahore Qalandar set 180 runs target against Kings
Cricket

Lahore Qalandar set 180 runs target against Kings

DUBAI: Karachi Kings were able to restrict the Lahore Qalandar on 179 runs at the loss of nine wickets, during the eight day of the ongoing second edition of the Pakistan Super League II (PSL) on Thursday.
Published 16 Feb, 2017 05:58pm
Each drop of nation's blood to be revenged: COAS
Pakistan Top News

Each drop of nation's blood to be revenged: COAS

Pakistan Chief of Army Staff, Gen Qamar Javed Bajwa has vowed revenge against the terrorists outfits involved in recent wake of terrorism activities on Thursday.
Published 16 Feb, 2017 05:12pm
PM, President condemn attack on Lal Shahbaz Qalandar's shrine
Pakistan Top News

PM, President condemn attack on Lal Shahbaz Qalandar's shrine

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif and President Mamnoon Hussain on Thursday strongly condemned the terror attack on the shrine of Lal Shahbaz Qalandar and expressed grief over the lose of precious lives.
Published 16 Feb, 2017 04:47pm
COAS Bajwa appeals nation 'to stay calm'
Pakistan Top News

COAS Bajwa appeals nation 'to stay calm'

Pakistan Chief of Army Staff, Gen Qamar Javed Bajwa has called the nation to stay calm, in wake of recent terrorist attacks.
Published 16 Feb, 2017 04:33pm
Kings to field first against Qalandars
Cricket

Kings to field first against Qalandars

DUBAI: Karachi Kings captain Kumar Sangakkara won the toss and elected to field first against Lahore Qalandars on eight day of the ongoing edition of the Pakistan Super League II (PSL) on Thursday.
Published 16 Feb, 2017 03:50pm
Lal Shahbaz shrine catastrophe: At least 40 dead, casualties feared
Pakistan Top News

Lal Shahbaz shrine catastrophe: At least 40 dead, casualties feared

SEHWAN SHARIF: A suicide bomber attacked a crowded Sufi shrine of Lal Shahbaz Qalandar at Sehwan Sharif on Thursday, with media reports reporting that at least 40 people were killed and dozens more wounded in the latest in a wave of bombings this week.
Published 16 Feb, 2017 03:41pm
Prices ease after rally as export data in focus
Commodities

Prices ease after rally as export data in focus

PARIS/SINGAPORE: Chicago wheat futures inched lower on Thursday as the market took a breather after a day-earlier rally, but remained underpinned by healthy export demand and an expected drop in US acreage that could help trim hefty wheat stocks.
Published 16 Feb, 2017 02:49pm
Dollar knocked back after 11 days of gains
Financial

Dollar knocked back after 11 days of gains

LONDON: The dollar broke an 11-day winning streak on Thursday, falling against the euro, yen and the basket of currencies that measures its broader strength, after hitting its highest in a month a day earlier.
Published 16 Feb, 2017 02:44pm
ECB minutes suggest little appetite to curb stimulus
Money & Banking

ECB minutes suggest little appetite to curb stimulus

FRANKFURT: European Central Bank policymakers called for a steady-hand approach at last month's rate meeting, the minutes of the gathering showed, suggesting little appetite for dialling back stimulus while Europe gears up for high-stakes elections.
Published 16 Feb, 2017 02:39pm
Oil rises after news OPEC could extend output cuts
Energy

Oil rises after news OPEC could extend output cuts

LONDON: Oil prices rose on Thursday after OPEC sources said the group could extend its oil supply-reduction pact with non-members and might even apply deeper cuts if global crude inventories failed to drop to a targeted level.
Published 16 Feb, 2017 02:32pm
JPMorgan, DRW, others back fintech company OpenFin
Money & Banking

JPMorgan, DRW, others back fintech company OpenFin

NEW YORK: Financial services software developer OpenFin has raised $15 million in a funding round that included JPMorgan Chase & Co and the venture capital arms of high-speed trading firm DRW Trading Group and interdealer broker NEX Group Plc, the company
Published 16 Feb, 2017 02:26pm
Sami dedicates success to legendry Wasim Akram
Cricket

Sami dedicates success to legendry Wasim Akram

The second edition of the Pakistan Super League (PSL) is in full swing, with emerging players eyeing to cement their position in the national squad, some of the veterans too are using this platform as a comeback lunch-pad.
Published 16 Feb, 2017 02:03pm
US jobless claims edge upward in mid-February
World

US jobless claims edge upward in mid-February

WASHINGTON: New US claims for jobless benefits edged up in the second week of February but continued their record streak of low levels, the Labor Department reported Thursday.
Published 16 Feb, 2017 02:01pm
Iran says Israel 'biggest threat' to world peace
World Top News

Iran says Israel 'biggest threat' to world peace

TEHRAN: Iran said Thursday that Israel's atomic arsenal is the biggest danger to world peace, a day after US President Donald Trump vowed to prevent Iran developing a nuclear weapon.
Published 16 Feb, 2017 12:59pm
European stocks stage pullback
Financial

European stocks stage pullback

LONDON: Europe's main stock markets and the dollar pulled lower Thursday as investors cashed in recent gains and eyed upcoming US data.
Published 16 Feb, 2017 12:44pm
Journey Home by Florian Wenzel
Featured Photos

Journey Home by Florian Wenzel

Photo Credit: Florian Wenzel%Dlorian Wenzel is a talented twenty years old photographer, filmmaker and traveler based in Ulm, Germany.
Published 16 Feb, 2017 12:08pm
Cloudy Sunset by Dylan Schwartz
Featured Photos

Cloudy Sunset by Dylan Schwartz

Photo Credit: Dylan Schwartz%Dylan Schwartz is a superb talented art director, designer, filmmaker and photographer from Los Angeles, who currently works at Saatchi & Saatchi.
Published 16 Feb, 2017 12:06pm
Subway Tunnel by Jutiar Salman
Featured Photos

Subway Tunnel by Jutiar Salman

Photo Credit: Jutiar Salman%D%AJutiar Salman, is a London based portrait and landscape photographer.
Published 16 Feb, 2017 12:04pm
Lomography by Antoine Henault
Featured Photos

Lomography 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 16 Feb, 2017 11:56am
PSL II: Karachi Kings to lock horns with Lahore Qalandars
Cricket

PSL II: Karachi Kings to lock horns with Lahore Qalandars

SHARJAH: The second edition of the ongoing Pakistan Super League (PSL), would witness the reemergence of the age old rivalry between Karachi and Lahore, as Sangakkara led Karachi Kings would take on McCullum Qalandars tonight at Sharjah.
Published 16 Feb, 2017 11:53am
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 49588.
Published 16 Feb, 2017 10:59am
All eyes on Tillerson's debut at G20 in Germany
Europe

All eyes on Tillerson's debut at G20 in Germany

BONN: US Secretary of State Rex Tillerson makes his diplomatic debut at a G20 gathering in Germany Thursday, where his counterparts hope to find out what "America First" means for the rest of the world.
Published 16 Feb, 2017 10:51am
CTD raids hideout of militants behind surge of attacks; six dead
Pakistan Top News

CTD raids hideout of militants behind surge of attacks; six dead

LAHORE: Counter-terrorism Department (CTD) raided a militant hideout and killed six suspected members of a Taliban faction that has launched a new campaign of violence against the government, police said on Thursday.
Published 16 Feb, 2017 10:43am
Favor Green by Sara Tasker
Featured Photos

Favor Green by Sara Tasker

Photo Credit: Sara Tasker%D%ASara Tasker is a talented self-taught photographer, writer and blogger who currently lives and works in rural Yorkshire, England with her daughter Orla.
Published 16 Feb, 2017 10:22am
Cottage industry being encouraged to boost economy
Industries & Sectors

Cottage industry being encouraged to boost economy

LAHORE: Provincial Minister for Industries, Commerce and Investment Sheikh Alauddin on Thursday said that the government is taking solid steps to strengthen cottage industry in order to provide job opportunities to the people within their cities.
Published 16 Feb, 2017 10:18am
Abandoned Joy by Francesco Margaroli
Featured Photos

Abandoned Joy by Francesco Margaroli

Photo Credit: Francesco Margaroli %Drancesco Margaroli is a freelance 33-year old self taught photographer based between Genoa and Milan, Italy.
Published 16 Feb, 2017 09:20am
King Abdullah helped buying offshore property, says Musharraf
Front Top News

King Abdullah helped buying offshore property, says Musharraf

Former president General (retd) Pervez Musharraf disclosed that he had received millions of US dollars from Abdullah bin Abdulaziz Al Saud of Saudi Arabia back in 2009 to purchase apartments in London and Dubai.
Published 16 Feb, 2017 09:15am
Indie Autos by Ben Brown
Featured Photos

Indie Autos by Ben Brown

Photo Credit: Ben Brown %Den Brown is a talented self-taught photographer, filmmaker, youtuber and adventurer currently based in London, UK.
Published 16 Feb, 2017 09:12am
Petrol, HSD prices rise by Re1/litre
Business & Economy

Petrol, HSD prices rise by Re1/litre

ABDUL RASHEED AZAD%D%A%D%AISLAMABAD: The government on Wednesday while revising the prices of petroleum products for the next fortnight has increased the prices of petrol and high speed diesel (HSD) by Rs1 per litre each, effective from February 16.
Published 16 Feb, 2017 08:04am
Dispersed Illusion by Audun Rikardsen
Featured Photos

Dispersed Illusion 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 16 Feb, 2017 07:58am
US, Venezuela tensions soar as Trump, Maduro spar
World

US, Venezuela tensions soar as Trump, Maduro spar

WASHINGTON:- Tensions flared once again Wednesday between the United States and Venezuela as Donald Trump called for the release of a jailed foe of President Nicolas Maduro, who warned the new US leader not to provoke him.
Published 16 Feb, 2017 07:23am
Trump ducks questions as Russia scandal deepens
North America

Trump ducks questions as Russia scandal deepens

WASHINGTON: US President Donald Trump dodged questions Wednesday about ties with Russia, railed against intelligence leaks and defended the national security advisor he just fired, as crisis engulfed his fledgling administration.
Published 16 Feb, 2017 06:53am
Trump drops US commitment to 'two-state' Mideast deal
Front Top News

Trump drops US commitment to 'two-state' Mideast deal

WASHINGTON: US President Donald Trump shelved Washington's years-long quest for a two-state solution to the Israeli-Palestinian conflict Wednesday, saying he would back a single state if it led to peace.
Published 16 Feb, 2017 06:47am
CPEC: No trade concessions to China: Dastgir
Business & Economy

CPEC: No trade concessions to China: Dastgir

MUSHTAQ GHUMMAN%D%A%D%AISLAMABAD: Commerce Minister Engineer Khurram Dastgir Khan said on Wednesday that Pakistan will not extend trade concessions to China under the game changer China Pakistan Economic Corridor (CPEC).
Published 16 Feb, 2017 06:43am
Bouchard pays off blind date bet at NBA game
Football

Bouchard pays off blind date bet at NBA game

NEW YORK: Canadian tennis star Eugenie Bouchard paid off her lost Super Bowl bet Wednesday by joining blind date John Goehrke at a Brooklyn Nets NBA home game against Milwaukee.
Published 16 Feb, 2017 06:43am
South Korea court mulls fresh bid to arrest Samsung heir
Asia

South Korea court mulls fresh bid to arrest Samsung heir

SEOUL: The scion of South Korean giant Samsung appeared in court Thursday as judges deliberate a second attempt by prosecutors to arrest him over a corruption scandal embroiling impeached President Park Geun-Hye.
Published 16 Feb, 2017 06:42am
Slipping fiscal deficit
Miscellaneous

Slipping fiscal deficit

Slowdown in non-tax revenues coupled with high development expenditure seem to have put a strain on the fiscal accounts.
Published 16 Feb, 2017 05:35am
Century Paper and Board Mills Limited
Miscellaneous

Century Paper and Board Mills Limited

Century Paper and Board Mills Limited (PSX: CEPB ) announced its result yesterday which showed impressive topline growth amounting to an increase in revenue by 11 percent year-on-year.
Published 16 Feb, 2017 05:30am
Issue of land for generals echoes in Senate

Issue of land for generals echoes in Senate

The allotment of huge chunks of agricultural land to top military generals on their retirement as reward for their services echoed in the Senate today (Wednesday) when Sen Farhatullah Babar pressed for examination of the matter. In a carefully-worded spee
Published 16 Feb, 2017 12:00am
KP raises security force for CPEC projects, routes

KP raises security force for CPEC projects, routes

Chief Minister of Khyber Pakhtunkhwa Pervez Khattak has said that the provincial government would raise a force of 2600 personnel for the security and safety of CPEC-related projects and routes. He directed to negotiate with NHA for the management and roa
Published 16 Feb, 2017 12:00am
Neelum Jhelum project to be inaugurated next year: Wapda chief

Neelum Jhelum project to be inaugurated next year: Wapda chief

Chairman Water and Power Development Authority (WAPDA), Lieutenant General Muzammil Hussain (retd) on Wednesday said that Neelum Jhelum Hydroelectric Project will be ready for inauguration on February 28, 2018. According to a statement, he was briefing Pr
Published 16 Feb, 2017 12:00am
9th Pakistan Energy Forum on 23rd in Islamabad

9th Pakistan Energy Forum on 23rd in Islamabad

Ninth Pakistan Energy Forum 2017 would be held on February 23 in Islamabad. A SHAMROCK Conference International press release said that the theme of the conference is "Approaching New Frontiers in Energy Efficiency" and will dilate on critical current tre
Published 16 Feb, 2017 12:00am
FTB meets today to discuss PM's package
Cotton

FTB meets today to discuss PM's package

The Federal Textile Board (FTB) will meet today (Thursday), after the meeting was rescheduled twice, for threadbare discussion on Prime Minister's Incentives Package, plan to enhance textile exports and formulation of long-term plan for the development of
Published 16 Feb, 2017 12:00am
LTUs, RTOs directed to overcome revenue shortfall

LTUs, RTOs directed to overcome revenue shortfall

Chairman FBR/Secretary Revenue Division Dr Muhammad Irshad Wednesday directed chief commissioners of Large Taxpayer Units (LTUs) and regional tax offices (RTOs) to overcome revenue shortfall by expediting cases involving Rs 300 billion stuck up in differe
Published 16 Feb, 2017 12:00am
Korean Exim Bank VP due next week

Korean Exim Bank VP due next week

The vice president of Korean Exim Bank is arriving Pakistan next week to sign a loan agreement of around $50 million for establishment of the first state-of-the-art software technology park. The construction of the park on 45 acres of land at Chak Shahzad
Published 16 Feb, 2017 12:00am
Dar assures KE team of resolving issues with government entities

Dar assures KE team of resolving issues with government entities

A delegation of the K-Electric Wednesday met with Minister for Finance Ishaq Dar and requested him for the settlement pending against NTDC, SSGC and others. Federal Minister for Water & Power Khawaja Muhammad Asif was also present during the meeting in wh
Published 16 Feb, 2017 12:00am
BISP launches door-to-door survey in Lakki Marwat

BISP launches door-to-door survey in Lakki Marwat

Minister of State and Chairperson of Benazir Income Support Program (BISP), MNA Marvi Memon launched door to door survey in Lakki Marwat, in presence of all stakeholders on Wednesday Lakki Marwat is one of the 12 pilot phase door to door districts of the
Published 16 Feb, 2017 12:00am
Government to move SZAB medical university bill: NA body told

Government to move SZAB medical university bill: NA body told

National Assembly Standing Committee on Cabinet Secretariat Wednesday rejected "The Shaheed Zulfiqar Ali Bhutto Medical University, Islamabad (Amendment) Bill, 2014" after it was told that the government has decided to introduce a similar bill for legisla
Published 16 Feb, 2017 12:00am
PTI urged to announce Fata organising body

PTI urged to announce Fata organising body

Activists of Pakistan Tehreek-i-Insaf (PTI) from various agencies of Fata have demanded form the party's central leadership to announce the Fata organising committee without further delay, to strengthen the party in tribal region.
Published 16 Feb, 2017 12:00am
Pakistan, Indonesia holding another round of talks on PTA today

Pakistan, Indonesia holding another round of talks on PTA today

Pakistan and Indonesia are holding another round of talks on Preferential Trade Agreement (PTA) on February 16-17 in Islamabad aimed at deepening concessions bilaterally, well informed sources told Business Recorder. Indonesia recently lifted seaso
Published 16 Feb, 2017 12:00am
Heads of unions invited to discuss WWF-related issues

Heads of unions invited to discuss WWF-related issues

A Sub-Committee of Functional Committee on Devolution has invited heads of all worker unions from the provinces to discuss the issues relating to Workers Welfare Fund (WWF). The Sub-Committee met with Senator Muhammad Usman Khan Kakar in the chair at Paki
Published 16 Feb, 2017 12:00am
MWM leader hurt in firing

MWM leader hurt in firing

Unidentified armed men shot and injured Secretary General Majlis-e-Wahdat-ul-Muslimeen (MWM) Allama Syed Tasawar Hussain Naqvi al-Jawadi here on Wednesday. Police said that unknown miscreants opened fire at Allama Syed Tasawar Hussain Naqvi al-Jawadi, at
Published 16 Feb, 2017 12:00am
Icflix strengthens partnership with PTCL

Icflix strengthens partnership with PTCL

Icflix the Middle East and North Africa's leading Internet streaming service is reinforcing its position in Pakistan and further strengthening its partnership with PTCL. PTCL customers will be able to enjoy high-quality entertainment of ICFLIX content on
Published 16 Feb, 2017 12:00am
President visits ITP to obtain driving license

President visits ITP to obtain driving license

President Mamnoon Hussain on Wednesday visited Islamabad Traffic Police Office (ITP) to get a driving license. Upon arrival, the President was received by IG Islamabad Tariq Masood Yasin and SSP Islamabad Traffic Police Malik Matloob Ahmed. The President
Published 16 Feb, 2017 12:00am
'Federal government officers allowed to exercise Ombudsman's powers

'Federal government officers allowed to exercise Ombudsman's powers

Officers from almost 83 departments of federal government have been allowed to exercise powers of Federal Ombudsman in order to resolve the public complaints of mal-administration related to their concerned department positively within 15 days, disclosed
Published 16 Feb, 2017 12:00am
US diplomat appreciates steps for women empowerment

US diplomat appreciates steps for women empowerment

US Consul General Yuiry Fedkiw called on the Punjab Minister for Women Development Department Hameeda Waheed-ud-Din, here Wednesday and discussed matters of mutual interest. US diplomat on the occasion condemned the bomb blast incident outside the Punjab
Published 16 Feb, 2017 12:00am
Gas cylinder blast: toll mounts to seven

Gas cylinder blast: toll mounts to seven

Death toll into Bahawalnagar gas cylinder blast has climbed to seven as another teenager girl expired during treatment on Wednesday. Roof of a house came down and walls of four adjacent houses collapsed when a powerful blast caused by gas leakage ripped t
Published 16 Feb, 2017 12:00am
TDAP organises training on PPRA rules and tendering

TDAP organises training on PPRA rules and tendering

Pakistan's procurement practices are governed by a set of outdated rules and regulations while public procurement suffers from inefficiency and poor management. Guest Speaker Sheikh Afzaal Raza, an HRM Officer of the Auditor General of Pakistan having spe
Published 16 Feb, 2017 12:00am
CCP, PPRA sign MoU

CCP, PPRA sign MoU

The Competition Commission of Pakistan (CCP) and the Pakistan Procurement Regulatory Authority (PPRA) signed a Memorandum of Understanding (MoU) for strengthening public procurement and combating anti-competitive practices. The MoU was signed by Vadiyya K
Published 16 Feb, 2017 12:00am
Mall blast: CTD moves proposal for JIT

Mall blast: CTD moves proposal for JIT

The Counter Terrorism Authority (CTD) Punjab has moved a proposal to the Punjab Home Department for constituting a joint investigation team (JIT) to launch a through probe into the incident of bomb blast at The Mall Lahore, said sources on Wednesday.
Published 16 Feb, 2017 12:00am
Lahore blast suspect had three accomplices: report

Lahore blast suspect had three accomplices: report

The initial investigation into Lahore blast that killed thirteen people and left 86 injured has revealed that the suicide bomber was not alone and was roaming on Mall Road with three accomplices. According to details, police and intelligence agencies have
Published 16 Feb, 2017 12:00am
Interior ministry urged to delete Hafiz Saeed's name from ECL

Interior ministry urged to delete Hafiz Saeed's name from ECL

Jamaat-ud-Dawa (JuD) chief Hafiz Muhammad Saeed and 37 other individuals affiliated with the organisation have asked the Ministry of Interior to remove their names from the Exit Control List (ECL). In a letter forwarded to the ministry, AK Dogar advocate
Published 16 Feb, 2017 12:00am
UVAS organises stakeholders meeting

UVAS organises stakeholders meeting

The University of Veterinary and Animal Sciences (UVAS) Lahore organised stakeholders meeting to identify priorities initiatives proposal for the year ADP 2017-18 here on Wednesday in city campus Lahore.
Published 16 Feb, 2017 12:00am
Workshop on teaching, research techniques held at UAF

Workshop on teaching, research techniques held at UAF

The Department of Anatomy, University of Agriculture Faisalabad (UAF) on Wednesday arranged a national workshop on the teaching and research techniques in anatomy. The inaugural session was chaired by UAF Vice Chancellor Professor Dr Iqrar Ahmad Khan whil
Published 16 Feb, 2017 12:00am
Shakarganj Limited
Cotton

Shakarganj Limited

The flagship company of the Shakarganj group, Shakarganj Limited (PSX: SML) is one of the country's largest sugar manufacturer and bio-fuel producer. Incorporated in 1967, the company also operates in bio-power, building materials, textile, and farming. I
Published 16 Feb, 2017 12:00am
Shakarganj Limited
Cotton

Shakarganj Limited

The flagship company of the Shakarganj group, Shakarganj Limited (PSX: SML) is one of the country's largest sugar manufacturer and bio-fuel producer. Incorporated in 1967, the company also operates in bio-power, building materials, textile, and farming. I
Published 16 Feb, 2017 12:00am
Pakistan considers expanding Mi-35 contract with Russia

Pakistan considers expanding Mi-35 contract with Russia

Pakistan is considering the expanding of the contract on the delivery of the Mi-35 helicopters from Russia. "Pakistan considers expanding the existing Mi-35 helicopters contract with Russia, a number of additional machines will depend on our budget. Accor
Published 16 Feb, 2017 12:00am
300 processed tobacco bales seized by Rawalpindi RTO

300 processed tobacco bales seized by Rawalpindi RTO

Rawalpindi's Regional Tax Office announced Wednesday that it has seized over 300 bales of processed tobacco. According to official sources, the department had received information that a huge quantity of processed tobacco was stocked inside four warehouse
Published 16 Feb, 2017 12:00am
Students urged to establish own businesses

Students urged to establish own businesses

The scholars from University of Malaysia, Perlis have urged the students to explore possibilities of establishing entrepreneurship and small businesses. They stated this while addressing a seminar titled "Malaysian Higher Education: Quality Assurance, Iss
Published 16 Feb, 2017 12:00am
FBR to set up network to intensify enforcement actions

FBR to set up network to intensify enforcement actions

Chairman FBR/Secretary Revenue Division Dr Muhammad Irshad Wednesday decided to set up "Inland Revenue Enforcement Network" on national level to intensify enforcement activities of Inland Revenue, particularly in the area of tobacco and cigarettes. Source
Published 16 Feb, 2017 12:00am
Bacha Khan Airport: renovation work to be completed by November 2017

Bacha Khan Airport: renovation work to be completed by November 2017

Renovation work on Bacha Khan International Airport, Peshawar, will be completed by November 2017, a parliamentary panel was told on Wednesday. The officials of Civil Aviation Authority (CAA) Wednesday told a Special Committee formed on the matter that re
Published 16 Feb, 2017 12:00am
US MIDDAY: gold falls

US MIDDAY: gold falls

Gold fell after stronger than expected US inflation and retail sales on Wednesday added to expectations of near-term US interest rate rises, driving the dollar to a one-month high. US Federal Reserve Chair Janet Yellen said on Tuesday that delaying increa
Published 16 Feb, 2017 12:00am
US MIDDAY: soya, corn and wheat bounce

US MIDDAY: soya, corn and wheat bounce

Chicago Board of Trade soyabean, corn and wheat futures firmed on Wednesday, recovering from weakness in the overnight trading session on a round of technical buying, traders said. Corn futures staked out a fresh top, peaking at its highest since June 30
Published 16 Feb, 2017 12:00am
Gold dips in Europe
Currency

Gold dips in Europe

Gold's spot price slipped on Wednesday, paring the previous day's slim gains, after Federal Reserve Chair Janet Yellen's suggestion that US interest rates could rise sooner rather than later drove the dollar to a 3-1/2 week high. Yellen told the Senate ba
Published 16 Feb, 2017 12:00am
Gold edges lower in Asia

Gold edges lower in Asia

Gold prices edged lower on Wednesday after US Federal Reserve Chair Janet Yellen hinted at a hike in interest rates in an upcoming meeting of the central bank. Spot gold fell 0.2 percent to $1,225.96 per ounce at 0530 GMT, while US gold futures rose 0.1 p
Published 16 Feb, 2017 12:00am
Gold pares gains in New York

Gold pares gains in New York

Gold came off its highs on Tuesday, as the dollar advanced after US Federal Reserve Chair Janet Yellen said the central bank will likely need to raise interest rates at an upcoming meeting with the economy expanding further. The Federal Reserve chair stru
Published 16 Feb, 2017 12:00am
Sugar prices climb, New York cocoa rebounds from 2008 low

Sugar prices climb, New York cocoa rebounds from 2008 low

Sugar prices on the ICE futures market rose on Wednesday, boosted partly by demand from Myanmar, while New York cocoa turned higher after earlier falling to its lowest level in more than eight years. Raw sugar futures were higher with March up 0.21 cents,
Published 16 Feb, 2017 12:00am
Malaysian palm oil rebounds

Malaysian palm oil rebounds

Malaysian palm oil futures saw their strongest daily gains in nearly two weeks on Wednesday after hitting a near three-month low in the previous session, aided by positive export numbers. Benchmark palm oil futures for April delivery on the Bursa Malaysia
Published 16 Feb, 2017 12:00am
Rubber down

Rubber down

Benchmark Tokyo rubber futures ended down on Wednesday as investors locked in profits from recent gains, taking a cue from weak Shanghai futures. Tokyo Commodity Exchange (TOCOM) futures, which set the tone for tyre rubber prices in Southeast Asia, pared
Published 16 Feb, 2017 12:00am
Copper gains as Chile strike talks delayed, nickel rises

Copper gains as Chile strike talks delayed, nickel rises

Copper rose on Wednesday on upbeat signals for the US economy and as talks to end a major strike in Chile were delayed, while nickel rose on continued supply disruptions in the Philippines. US President Donald Trump repeated his promise of tax cuts, boost
Published 16 Feb, 2017 12:00am
Shanghai copper slips

Shanghai copper slips

Shanghai Futures Exchange copper slid 2.4 percent to 48,740 yuan ($7,095) a tonne on Wednesday shrugging off a stronger dollar and finding support from supply disruptions at the world's two biggest mines. Throwing up headwinds for commodities, the dollar
Published 16 Feb, 2017 12:00am
Cotton edges downward on firmer dollar
Cotton

Cotton edges downward on firmer dollar

ICE cotton futures edged lower on Tuesday in subdued trading, weighed down by a firmer dollar. "The market is over-bought. We don't have anymore fund rolling going on. Also, not many people are coming into to buy the May contract," said Louis Rose, an ind
Published 16 Feb, 2017 12:00am
Sharjeel and Latif punishment to be made exemplary, says PCB chief

Sharjeel and Latif punishment to be made exemplary, says PCB chief

Pakistan Cricket Board (PCB) Chairman Shaharyar Khan Wednesday said that cricketers Sharjeel Khan and Khalid Latif who were provisionally suspended will be awarded the harshest punishment, if charge of their alleged involvement in fixing during the Pakist
Published 16 Feb, 2017 12:00am
PCB cancels round table moot of cricketers

PCB cancels round table moot of cricketers

Owing to the recent development in Pakistan cricket, Pakistan Cricket Board (PCB) management has decided to cancel the round table conference of cricketers planned by the board in Lahore in March 2017 aimed at improvement of cricket in the country. Instea
Published 16 Feb, 2017 12:00am
Israel bars basketball team from Turkey away game

Israel bars basketball team from Turkey away game

Israel's domestic security service said on Wednesday it had barred the country's Ironi Nahariya basketball team from playing a Europe Cup match in Turkey, due to "exceptional" safety concerns. Nahariya had been scheduled to play Gaziantep away in a round
Published 16 Feb, 2017 12:00am
Turkey confirms bid to host Euro 2024

Turkey confirms bid to host Euro 2024

Turkey's football authorities confirmed Wednesday the country was bidding to host the Euro 2024 football tournament, which would be the biggest sporting event it has ever held. Turkey in 2014 withdrew its bid to host final stage matches of Euro 2020 - whi
Published 16 Feb, 2017 12:00am
Di Maria stars as PSG stun Barcelona

Di Maria stars as PSG stun Barcelona

Angel Di Maria scored a brilliant brace on his birthday as Paris Saint-Germain sensationally destroyed Barcelona 4-0 at the Parc des Princes in their Champions League last 16 first leg on Tuesday. Di Maria, the former Real Madrid star, opened the scoring
Published 16 Feb, 2017 12:00am
Ashwin 'Bradman of bowling', says Steve Waugh

Ashwin 'Bradman of bowling', says Steve Waugh

Former skipper Steve Waugh has warned that Australia's only hope of beating India in their upcoming series is by taming Ravichandran Ashwin, branding the record-breaking spinner "the Bradman of bowling". After the off spinner became the fastest bowler to
Published 16 Feb, 2017 12:00am
Sri Lanka beat PM XI in T20 series warmup

Sri Lanka beat PM XI in T20 series warmup

Opener Upul Tharanga hit an unbeaten 47 and Vikum Sanjaya captured three wickets as Sri Lanka beat a Prime Minister's XI by five wickets in their Twenty20 series warmup in Canberra on Wednesday. Skipper Tharanga won the toss and sent the PM XI into bat an
Published 16 Feb, 2017 12:00am
Manchester City sign US women's star Lloyd

Manchester City sign US women's star Lloyd

FIFA Women's Player of the Year Carli Lloyd has joined Manchester City on a short-term contract, the English club announced on Wednesday. The 34-year-old United States captain arrives from the Houston Dash and will play in the 2017 Spring Series, the FA W
Published 16 Feb, 2017 12:00am
Root vows to captain England 'his way'

Root vows to captain England 'his way'

Joe Root insisted he would captain England "his way" as he gave his first insight into how he would lead the Test side. Two days on from being named as the successor to former England Test skipper Alastair Cook, Yorkshire batsman Root outlined his approac
Published 16 Feb, 2017 12:00am
Squash Complex at KPK unveiled

Squash Complex at KPK unveiled

Khyber Pakhtunkhwa Sports Minister Mahmood Khan along with former World Champion Qamar Zaman Wednesday inaugurated international standard Squash Complex named after Qamar Zaman at a cost of Rs 100 million at vicinity of the Qayyum Sports Complex. Squash C
Published 16 Feb, 2017 12:00am
Lakki Marwat take U-23 Inter-District Games trophy

Lakki Marwat take U-23 Inter-District Games trophy

Lakki Marwat won the overall trophy with 118 points after winning nine gold and four silver medals in the KP Under-23 Inter-District Games concluded at Bannu amidst tight security, fun and joys. Director General Sports Khyber Pakhtukhwa Miss Rashida Ghazn
Published 16 Feb, 2017 12:00am
Norway jails two former players for match-fixing

Norway jails two former players for match-fixing

A Norwegian appeals court on Wednesday sentenced two former football players and a punter to prison in a match-fixing case involving two third division teams. The case dates back to two matches in June, 2012. In the first game, Follo lost 4-3 to Ostsiden
Published 16 Feb, 2017 12:00am
Aussie up, kiwi down
Currency

Aussie up, kiwi down

The Australian dollar held near a 3-month high on the greenback on Wednesday, struggling to break above 77 US cents which is proving to be a major hurdle even as it scaled multi-month peaks on the yen and the euro. The Australian dollar stood at $0.7656,
Published 16 Feb, 2017 12:00am
Sterling hits one-week lows against dollar
Currency

Sterling hits one-week lows against dollar

Sterling touched one-week lows against a broadly stronger dollar on Wednesday after US consumer prices had their biggest jump in nearly four years and retail numbers beat expectations. The US Labor Department said the Consumer Price Index rose 0.6 percent
Published 16 Feb, 2017 12:00am
Asian currencies sag
Currency

Asian currencies sag

Some emerging Asian currencies edged lower on Wednesday after Federal Reserve Chair Janet Yellen's comments on the monetary policy outlook were seen as more hawkish than expected, boosting the dollar. But losses in Asian currencies were mild, with the Sou
Published 16 Feb, 2017 12:00am
Sri Lankan rupee down
Currency

Sri Lankan rupee down

The Sri Lankan rupee ended weaker on Wednesday, hurt by importer dollar demand even as concerns of further depreciation continued to weigh, dealers said. The market has factored in a gradual depreciation risk for the rupee and expects a 4-5 percent fall i
Published 16 Feb, 2017 12:00am
Bangladesh's inter-bank forex rates

Bangladesh's inter-bank forex rates

Inter-bank buy/sell rates for the taka against the dollar on Wednesday. 79.30-79.30 (previous 79.23-79.25).
Published 16 Feb, 2017 12:00am
Dollar index rises in New York
Currency

Dollar index rises in New York

The dollar climbed on Tuesday to a three-week peak against a basket of major currencies as investors raised their outlook on a faster pace of US interest rate increases following comments from Federal Reserve Chair Janet Yellen. Yellen's remarks reinforce
Published 16 Feb, 2017 12:00am
Dollar notches longest run of gains in five years in Europe
Currency

Dollar notches longest run of gains in five years in Europe

The dollar chalked up its 11th straight daily rise on Wednesday, as investors' focus moved to inflation data in the United States for more support for the idea of a rise in Federal Reserve interest rates next month. European trade in the major currencies
Published 16 Feb, 2017 12:00am
Dollar hovers near 3-1/2 weeks high in Asia
Currency

Dollar hovers near 3-1/2 weeks high in Asia

The dollar held gains near a 3-1/2-week high on Wednesday after Federal Reserve Chair Janet Yellen signalled a faster pace of US interest rate hikes. Yellen told the US Senate Banking Committee the central bank will likely need to raise interest rates at
Published 16 Feb, 2017 12:00am
FTSE hits one-month high on stronger financials and miners

FTSE hits one-month high on stronger financials and miners

Britain's top share index climbed to a new one-month high on Wednesday as investors bet on financial stocks after US Federal Reserve Chief Janet Yellen's hawkish tone suggested US interest rates would rise. A rally in mining shares on the back of stronger
Published 16 Feb, 2017 12:00am
Southeast Asian markets: Vietnam hits nine-year high

Southeast Asian markets: Vietnam hits nine-year high

Vietnam shares hit their highest since February 2008 on Wednesday, led by gains in financials, while most other Southeast Asian markets rose ahead of key US economic data that could influence Federal Reserve's rate hike decision. The consumer price index
Published 16 Feb, 2017 12:00am
Australian shares at near two-year high

Australian shares at near two-year high

Australian shares closed at their highest in over 21 months on Wednesday with financials leading the gains, helped by a rise in Commonwealth Bank of Australia shares after it reported robust half-year earnings. The S&P/ASX 200 index ended up 0.9 percent,
Published 16 Feb, 2017 12:00am
European bank shares climb to three-week high

European bank shares climb to three-week high

European shares ended higher on Wednesday in another session dominated by earnings, as French lender Credit Agricole led banking stocks to a three-week high. The pan-European STOXX 600 index rose 0.3 percent with the banking index the top sector, up 1.4 p
Published 16 Feb, 2017 12:00am
China stocks fall

China stocks fall

China stocks reversed earlier gains to end lower on Wednesday, as technology and resource stocks took a breather after their recent strong rally. The blue-chip CSI300 index fell 0.4 percent, to 3,421.71 points, while the Shanghai Composite Index shed 0.2
Published 16 Feb, 2017 12:00am
Indian shares tumble

Indian shares tumble

Indian shares ended at their lowest in two weeks on Wednesday, with Tata Motors pulling the indexes down after posting disappointing results. The benchmark BSE index fell 0.65 percent to 28,155.56, its lowest since February 1. The broader NSE index fell 0
Published 16 Feb, 2017 12:00am
Sri Lankan shares climb
Currency

Sri Lankan shares climb

Sri Lankan shares hit a four-week closing high on Wednesday, rising for a third straight session, as investors picked up large cap shares such as Ceylon Tobacco Company Plc, brokers said. The Colombo stock index ended 0.43 percent firmer at 6,175.50, its
Published 16 Feb, 2017 12:00am
Taiwan stocks rise

Taiwan stocks rise

Taiwan stocks rose on Wednesday, buoyed by strength in overseas markets and on foreign investor buying. Asian stocks were up after Wall Street set record highs overnight on increased expectations for an interest rate hike next month.
Published 16 Feb, 2017 12:00am
Treasury yields jump

Treasury yields jump

US Treasury yields jumped on Tuesday after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates, striking a more hawkish tone than investors expected. The US central bank will likely need to raise rates at an
Published 16 Feb, 2017 12:00am
Treasury yields jump

Treasury yields jump

US Treasury yields jumped on Tuesday after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates, striking a more hawkish tone than investors expected. The US central bank will likely need to raise rates at an
Published 16 Feb, 2017 12:00am
Hong Kong stocks surge
Currency

Hong Kong stocks surge

Hong Kong stocks hit a five-month high on Wednesday, after Federal Reserve Chair Janet Yellen's comments on the US economy and rising interest rate hike expectations sent Wall Street to record highs. The benchmark Hang Seng index climbed to the highest si
Published 16 Feb, 2017 12:00am
Apple, banks push Wall Street to all-time high

Apple, banks push Wall Street to all-time high

Major US stock indexes established record highs on Tuesday, led by bank stocks after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates. Apple racked up a record high close for the second straight session,
Published 16 Feb, 2017 12:00am
Wednesday's early trade: record-setting run enters into fifth day

Wednesday's early trade: record-setting run enters into fifth day

Wall Street's record-setting run entered its fifth day on Wednesday, as President Donald Trump repeated his promise of tax cuts and on upbeat economic data that increased the odds of a rate hike and lifted bank stocks. Trump, in a meeting with top executi
Published 16 Feb, 2017 12:00am
Tokyo stocks up, Toshiba dives on loss fears

Tokyo stocks up, Toshiba dives on loss fears

Tokyo stocks jumped on a weak yen Wednesday as Federal Reserve boss Janet Yellen signalled that US interest rates could rise at any time, but Toshiba tumbled again as it warned of massive losses. Yellen presented an upbeat view of the world's largest econ
Published 16 Feb, 2017 12:00am
Gulf markets mostly firm, Egypt slips after breaking technical support

Gulf markets mostly firm, Egypt slips after breaking technical support

Most Gulf stock markets rose on Wednesday on the back of strong global equity prices, while Egypt's bourse continued to pull back on profit-taking, breaking technical support. The Saudi index added 0.6 percent as real estate developer Dar Al Arkan, the mo
Published 16 Feb, 2017 12:00am
US data points to strengthening domestic demand and inflation

US data points to strengthening domestic demand and inflation

US retail sales rose more than expected in January as households bought electronics and a range of other goods, pointing to sustained domestic demand that should bolster economic growth in the first quarter. The economy's improving prospects were also und
Published 16 Feb, 2017 12:00am
Berlin vows to protect jobs if Opel-PSA merger goes ahead

Berlin vows to protect jobs if Opel-PSA merger goes ahead

Berlin will intervene to protect German jobs and factories at carmaker Opel, government spokespeople said Wednesday, responding to news that France's PSA is in talks to buy the General Motors subsidiary. "From our perspective, Opel is an innovative compan
Published 16 Feb, 2017 12:00am
Lufthansa agrees pay hike for pilots

Lufthansa agrees pay hike for pilots

German airline Lufthansa said Wednesday it had agreed to boost pilots' salaries by 8.7 percent over four years, hoping to end years of disputes and costly walkouts by air crew. Pilots' first pay increase will be backdated to January 1, 2016 and the last i
Published 16 Feb, 2017 12:00am
Danone to slash costs as sales growth slows

Danone to slash costs as sales growth slows

French dairy giant Danone unveiled a one-billion-euro ($1.1-billion) cost-cutting programme Wednesday as it said that sales growth slowed last year. Danone said in a statement that although it turned in a "robust" performance last year, it needed to impro
Published 16 Feb, 2017 12:00am
Historic Greek newspaper back in kiosks

Historic Greek newspaper back in kiosks

Greece's best-selling daily newspaper Ta Nea, whose publication was suspended last week, is back on news stands after a judicial decision authorised its financing. Debt-ridden owner Lambrakis Press Group (DOL) had halted circulation after a court ruling i
Published 16 Feb, 2017 12:00am
Moscovici urges quick Greece debt compromise

Moscovici urges quick Greece debt compromise

Top EU economics official Pierre Moscovici urged Greece and its creditors Wednesday to try and reach a compromise over the cash-strapped country's bailout terms in the next few "key days". The former French finance minister spoke during a visit to Athens
Published 16 Feb, 2017 12:00am
Moscovici urges quick Greece debt compromise

Moscovici urges quick Greece debt compromise

Top EU economics official Pierre Moscovici urged Greece and its creditors Wednesday to try and reach a compromise over the cash-strapped country's bailout terms in the next few "key days". The former French finance minister spoke during a visit to Athens
Published 16 Feb, 2017 12:00am
Pepsi blames global macro concerns for weak outlook
Currency

Pepsi blames global macro concerns for weak outlook

PepsiCo Inc forecast 2017 adjusted earnings below analysts' estimates, citing weakness in its international markets, particularly in developing regions such as Asia, Middle East and North Africa. The company said it expected organic sales growth of 3 perc
Published 16 Feb, 2017 12:00am
British unemployment rate holds at 11-year low

British unemployment rate holds at 11-year low

Britain's jobless rate remains at an 11-year low of 4.8 percent despite looming Brexit, and wages are growing in real terms, official data showed Wednesday.
Published 16 Feb, 2017 12:00am
Credit Agricole profit falls less than forecast

Credit Agricole profit falls less than forecast

Credit Agricole exceeded market forecasts on Wednesday, despite a 491 million euro ($519 million) writedown causing a sharp fall in the French bank's fourth quarter profit. Shares in Credit Agricole, which said the writedown on the value of its French ret
Published 16 Feb, 2017 12:00am
Credit Agricole profit falls less than forecast

Credit Agricole profit falls less than forecast

Credit Agricole exceeded market forecasts on Wednesday, despite a 491 million euro ($519 million) writedown causing a sharp fall in the French bank's fourth quarter profit. Shares in Credit Agricole, which said the writedown on the value of its French ret
Published 16 Feb, 2017 12:00am
Big banks avoid hiring spree despite trading boom
Currency

Big banks avoid hiring spree despite trading boom

Market trading is booming at US and European banks thanks to Donald Trump and Brexit, and yet the glory days of dealing rooms the size of football pitches remain as distant as ever. Scarred by the 2007-09 global financial crisis and a subsequent regulator
Published 16 Feb, 2017 12:00am
Glencore buys DR Congo mine shares from Israeli magnate

Glencore buys DR Congo mine shares from Israeli magnate

Mining giant Glencore said Monday it had struck a deal worth nearly $1 billion to purchase shares of two mines in the Democratic Republic of Congo from a controversial Israeli magnate. Switzerland-based Glencore said it will pay Israeli billionaire Dan Ge
Published 16 Feb, 2017 12:00am
Glencore buys DR Congo mine shares from Israeli magnate

Glencore buys DR Congo mine shares from Israeli magnate

Mining giant Glencore said Monday it had struck a deal worth nearly $1 billion to purchase shares of two mines in the Democratic Republic of Congo from a controversial Israeli magnate. Switzerland-based Glencore said it will pay Israeli billionaire Dan Ge
Published 16 Feb, 2017 12:00am
Swiss inflation turns positive for first time since August 2014

Swiss inflation turns positive for first time since August 2014

Swiss consumer prices rose year-on-year for the first time since 2014 in January, though another negative core reading showed the scale of the task the central bank faces in trying to break an underlying cycle of deflation. Prices have declined in recent
Published 16 Feb, 2017 12:00am
China new bank loans surge in January to $300 billion

China new bank loans surge in January to $300 billion

Chinese bank lending surged in January, the central bank said Tuesday, as concerns grow that a flood of credit is increasing financial risks in the world's second-largest economy. New loans extended by banks rose to 2.03 trillion yuan ($300 billion), near
Published 16 Feb, 2017 12:00am
Ukraine's economy grows by nearly five percent

Ukraine's economy grows by nearly five percent

Ukraine said Tuesday its economy expanded at a surprisingly fast pace of nearly five percent in the fourth quarter as it continued its steady climb out of a two-year recession. The State Statistics Service said gross domestic product (GDP) growth reached
Published 16 Feb, 2017 12:00am
Kazakhstan sets aside $6.2 billion to buy out banks' bad loans

Kazakhstan sets aside $6.2 billion to buy out banks' bad loans

Kazakhstan plans to inject 2 trillion tenge ($6.2 billion) into its state-owned 'bad bank', the Problem Loans Fund, in order to buy distressed assets from local banks, central bank deputy chairman Oleg Smolyakov said on Monday. The capital injection will
Published 16 Feb, 2017 12:00am
Travel giant TUI cuts losses in 'good start' to 2017

Travel giant TUI cuts losses in 'good start' to 2017

German tourism giant TUI said Tuesday it sharply reduced first quarter losses and confirmed growth forecasts for the financial year 2016-17, although terrorism fears continued to weigh on business. TUI reported a loss of 117.5 million euros ($125 million)
Published 16 Feb, 2017 12:00am
BMW recalls over 41,500 cars in China for faulty airbags

BMW recalls over 41,500 cars in China for faulty airbags

German luxury carmaker BMW will recall around 41,500 vehicles in China due to faulty airbags, according to the country's quality regulator. Some 3,926 cars produced between January-December 2012, and a second group of 37,759 vehicles produced between Janu
Published 16 Feb, 2017 12:00am
Aetna, Humana walk away from $34 billion deal after court ruling

Aetna, Humana walk away from $34 billion deal after court ruling

Health insurers Aetna Inc and Humana Inc walked away from their $34 billion merger deal on Tuesday, after a US judge ruled in January the combination would stifle competition in the private Medicare Advantage program for retirees. After the January 23 cou
Published 16 Feb, 2017 12:00am
US FOB Gulf soyabean offers firmer

US FOB Gulf soyabean offers firmer

Export premiums for soyabeans shipped from the US Gulf Coast were steady to firmer on Tuesday on rising CIF basis values and higher premiums for Brazilian new-crop supplies, traders said. Crush margins in China have narrowed, slowing purchases by the top
Published 16 Feb, 2017 12:00am
Cotton prices firm on sustained buying
Cotton

Cotton prices firm on sustained buying

The firmness prevailed on the cotton market on Wednesday as the both mills and spinners strived to replenish their stocks, dealers said. The official spot rate was unchanged at Rs 6700, they said. In Sindh, seed cotton prices were at Rs 3200-3500, they sa
Published 16 Feb, 2017 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 141,076 tonnes of cargo comprising 127,757 tonnes of import cargo and 13,319 tonnes of export cargo including 5,748 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
Published 16 Feb, 2017 12:00am
US natural gas futures slip to lowest since November

US natural gas futures slip to lowest since November

US natural gas futures on Tuesday slipped to their lowest since November on forecasts for moderating weather and light heating demand over the next two weeks and the rest of the winter. Front-month gas futures for March delivery on the New York Mercantile
Published 16 Feb, 2017 12:00am
CBOT wheat futures fall on technical selling

CBOT wheat futures fall on technical selling

Chicago Board of Trade soft red winter wheat futures fell on Tuesday, breaking a streak of five straight higher closes on technical selling, traders said. MGEX spring wheat and K.C. hard red winter wheat also closed lower. Signs that the recent rally was
Published 16 Feb, 2017 12:00am
EU wheat prices little changed

EU wheat prices little changed

European wheat prices ended little changed on Tuesday with a softer euro helping to offset weakness in Chicago. March milling wheat on Paris-based Euronext settled at an unchanged 173.00 euros after earlier peaking at 173.25 euros, a price not seen since
Published 16 Feb, 2017 12:00am
Vietnam's domestic coffee slow as farmers hold beans

Vietnam's domestic coffee slow as farmers hold beans

Vietnam's domestic coffee was slow as farmers held beans fearing crop failure even as stockpile averted exporters from buying further, traders said on Tuesday. Coffee prices in Daklak, Vietnam's largest growing province rose to 45,000-47,000 dong ($1.98-$
Published 16 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 3,164. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 8.80 billion and the number of lots traded was 18,389. Major business was contributed by go
Published 16 Feb, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 16 Feb, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 16 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 16 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 16 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 15, 2017).

Published 16 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 15, 2017).

Published 16 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 15, 2017).

Published 16 Feb, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Wednesday (February 15, 2017).
Published 16 Feb, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Wednesday (February 15, 2017).

Published 16 Feb, 2017 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 15, 2017).

Published 16 Feb, 2017 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 15, 2017).

Published 16 Feb, 2017 12:00am
JLI Managed Growth Fund Rates

JLI Managed Growth Fund Rates

Jubilee Life Insurance Managed Growth Fund Rates on Wednesday (February 15, 2017).

Published 16 Feb, 2017 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (February 15, 2017).

Published 16 Feb, 2017 12:00am
One dead as suicide bomber targets judges

One dead as suicide bomber targets judges

A suicide bomber from the Pakistani Taliban militant group attacked a van carrying judges in Peshawar on Wednesday, wounding several judges and killing the driver, police said. It was the region's second attack of the day in a new surge in militant violen
Published 16 Feb, 2017 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (February 15, 2017).

Published 16 Feb, 2017 12:00am
One dead as suicide bomber targets judges

One dead as suicide bomber targets judges

A suicide bomber from the Pakistani Taliban militant group attacked a van carrying judges in Peshawar on Wednesday, wounding several judges and killing the driver, police said. It was the region's second attack of the day in a new surge in militant violen
Published 16 Feb, 2017 12:00am
JLI Capital Growth Fund Rates

JLI Capital Growth Fund Rates

Jubilee Life Insurance Capital Growth Fund Rates on Wednesday (February 15, 2017).

Published 16 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (February 15, 2017).

Published 16 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (February 15, 2017).

Published 16 Feb, 2017 12:00am
EU Parliament backs landmark Canada trade deal

EU Parliament backs landmark Canada trade deal

The European Parliament backed a contested EU-Canada free trade deal on Wednesday, facing down protests by activists and Donald Trump-inspired calls for protectionism. MEPs hailed the deal as a rare victory for an imperilled global trade system that is un
Published 16 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Wednesday (February 15, 2017).

Published 16 Feb, 2017 12:00am
EU Parliament backs landmark Canada trade deal

EU Parliament backs landmark Canada trade deal

The European Parliament backed a contested EU-Canada free trade deal on Wednesday, facing down protests by activists and Donald Trump-inspired calls for protectionism. MEPs hailed the deal as a rare victory for an imperilled global trade system that is un
Published 16 Feb, 2017 12:00am
EU Parliament backs landmark Canada trade deal

EU Parliament backs landmark Canada trade deal

The European Parliament backed a contested EU-Canada free trade deal on Wednesday, facing down protests by activists and Donald Trump-inspired calls for protectionism. MEPs hailed the deal as a rare victory for an imperilled global trade system that is un
Published 16 Feb, 2017 12:00am
Ukraine declares state of energy emergency

Ukraine declares state of energy emergency

Ukraine on Wednesday announced a state of emergency for its energy sector that could result in rolling blackouts as officials try to sharply curtail electricity use by consumers. The decision was made at a cabinet meeting to work out a response to a two-w
Published 16 Feb, 2017 12:00am
Prime Minister reviews security situation

Prime Minister reviews security situation

Prime Minister Nawaz Sharif chaired a meeting to review the security situation in the country at PM House, Islamabad on Wednesday. The meeting was attended by Interior Minister Chaudhry Nisar Ali Khan, Minister for Finance Muhammad Ishaq Dar, Chief of Arm
Published 16 Feb, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Wednesday (February 15, 2017).

Published 16 Feb, 2017 12:00am