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Archive - 2017-02-22
Trump to unveil first budget 'mid-March'
North America

Trump to unveil first budget 'mid-March'

WASHINGTON: US President Donald Trump in mid-March will unveil his first government budget, a keystone statement of his priorities for the coming years, the White House said Wednesday.
Published 22 Feb, 2017 08:25pm
Erdogan hosts family dinner for Nawaz Sharif
Front Top News

Erdogan hosts family dinner for Nawaz Sharif

ANKARA: Turkish President Recep Tayyip Erdogan on Wednesday hosted a family dinner in honour of Prime Minister Muhammad Nawaz Sharif.
Published 22 Feb, 2017 07:32pm
Sterling slips after weak UK business investment data
Financial

Sterling slips after weak UK business investment data

LONDON: Sterling fell on Wednesday after data showed UK business investment fell in the fourth quarter of 2016 and indicated tougher economic times lie ahead, despite overall growth hitting its fastest pace for a year.
Published 22 Feb, 2017 07:27pm
Brazil coffee roasters change blends as robustas wane
Commodities

Brazil coffee roasters change blends as robustas wane

SAO PAULO: Brazilian coffee roasters are changing their production blends, using a larger share of arabica beans due to the scarcity of robustas, the head of local roasters association Abic, Nathan Herszkowicz, said on Wednesday.
Published 22 Feb, 2017 07:19pm
TSX pulls back from record high as resource shares fall
Financial

TSX pulls back from record high as resource shares fall

TORONTO: Canada's main stock index fell on Wednesday, pulling back from a record high hit the day before, as lower commodity prices weighed on shares of energy and materials companies and domestic retail sales fell the most in nine months.
Published 22 Feb, 2017 04:35pm
Global stocks ease after records, dollar gains
Financial

Global stocks ease after records, dollar gains

NEW YORK: Global stocks pulled back from record highs on Wednesday while the dollar rose ahead of minutes from the US Federal Reserve's January policy meeting, which could offer clues about the next interest rate rise.
Published 22 Feb, 2017 04:34pm
Trump-fuelled stocks rally slows
Financial

Trump-fuelled stocks rally slows

LONDON: A strong run for world equities since Donald Trump's election showed signs of reversing Wednesday as Wall Street posted losses and European equities trod water.
Published 22 Feb, 2017 04:06pm
VW looks to east Germany in switch to electric cars
Industry

VW looks to east Germany in switch to electric cars

DRESDEN: Volkswagen wants to build more electric cars in eastern Germany and backs a Tesla-style expansion of charging stations in the city of Dresden, evidence of efforts to reshape its business after a diesel emissions scandal.
Published 22 Feb, 2017 02:09pm
WTO chief does not foresee unmanageable US trade policy
Europe

WTO chief does not foresee unmanageable US trade policy

GENEVA: World Trade Organization chief Roberto Azevedo said on Wednesday he has not yet had any conversations about trade with the new US administration but he was confident that the WTO could cope with any new US trade policy.
Published 22 Feb, 2017 02:04pm
PTI only wants to defame Sharif family: Saad Rafique
Pakistan Top News

PTI only wants to defame Sharif family: Saad Rafique

ISLAMABAD: Minister for Railways Khawaja Saad Rafique on Wednesday said that PTI was afraid of economic achievements of Prime Minister Muhammad Nawaz Sharif, therefore, it was targeting him.
Updated 22 Feb, 2017 02:03pm
Time for ECB to address repo crunch roiling markets
Money & Banking

Time for ECB to address repo crunch roiling markets

LONDON: The European Central Bank should reassure investors it is seeking to ease a squeeze in short-term funding markets that has helped push the price of bonds to unprecedented levels this week, a top industry lobbyist told Reuters on Wednesday.
Published 22 Feb, 2017 01:37pm
Oil slips on dollar strength but cushioned by OPEC optimism
Energy

Oil slips on dollar strength but cushioned by OPEC optimism

LONDON: Global oil prices slipped on Wednesday as the US dollar, in which payments for crude are made, rose but they traded broadly at multi-week highs after OPEC signalled optimism over its deal with other producers to curb output.
Published 22 Feb, 2017 01:36pm
Govt determined to financial, digital inclusion: Dar
Front Top News

Govt determined to financial, digital inclusion: Dar

ISLAMABAD: Minister for Finance Muhammad Ishaq Dar on Wednesday reiterated the government's resolve for providing broadband facilities to all uncovered areas by next fiscal year in order to fulfill the government's vision of financial and digital
Published 22 Feb, 2017 12:49pm
'EPHEMERON' Series by Pistol Wish
Featured Photos

'EPHEMERON' Series by Pistol Wish

Photo Credit: Pistol Wish%D%APistol Wish is a talented photographer currently based in Los Angeles, California, U.
Published 22 Feb, 2017 12:34pm
Berlin's Architectural by Simon Alexander
Featured Photos

Berlin's Architectural by Simon Alexander

Photo Credit: Simon Alexander%D%ASimon Alexander, a talented self-taught photographer and designer currently living in Kaunas, Lithuania.
Published 22 Feb, 2017 12:32pm
EU says Germany should do more to help economy
World Top News

EU says Germany should do more to help economy

BRUSSELS: Europe's top economy Germany should help its EU partners out, the European Commission said Wednesday, after the Trump administration attacked Berlin for using the bloc to boost exports unfairly.
Published 22 Feb, 2017 12:30pm
Macro Photography by Shihya Kowatari
Featured Photos

Macro Photography by Shihya Kowatari

Photo Credit: Shihya Kowatari%D%AShihya Kowatari is a talented self taught photographer and artist based in Aomori, Japan.
Published 22 Feb, 2017 11:59am
Equilibrium by Jose Marla Perez
Featured Photos

Equilibrium by Jose Marla Perez

Photo Credit: Jose Marla Perez%D%AJose Marla Perez is a brilliant self-taught photographer hailing from Argentina.
Published 22 Feb, 2017 11:39am
Romanian shephard by Gutescu Eduard
Featured Photos

Romanian shephard by Gutescu Eduard

Photo Credit: Getuscu Eduard%D%AGetuscu Eduard is a brilliant self-taught photographer hailing from romania.
Published 22 Feb, 2017 11:07am
Shahid Afridi and his list of world records
Cricket

Shahid Afridi and his list of world records

Pakistan all rounder Shahid Khan Afridi, announced his retirement from international cricket, doing so closed the doors to one of the most illustrious careers, the cricketing world has ever seen.
Published 22 Feb, 2017 10:39am
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 Wednesday having 48985.
Published 22 Feb, 2017 10:35am
Facilitators of Tangi blasts apprehended
General News

Facilitators of Tangi blasts apprehended

PESHAWAR: The district Charsadda police have arrested three alleged facilitators of terrorists involved in attack on lower courts in Tangi tehsil of Charsadda from areas adjacent to Tangi.
Published 22 Feb, 2017 10:22am
Territorial by Steve Zeinner
Featured Photos

Territorial by Steve Zeinner

Photo Credit: Steve Zeinner%D%ASteve Zeinner is a photographer, filmmaker and painter based in Cincinnati, Ohio.
Published 22 Feb, 2017 10:14am
PM leaves for Turkey to attend HLSCC meeting
Pakistan Top News

PM leaves for Turkey to attend HLSCC meeting

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Wednesday left here for Turkey's capital Ankara to participate in the 5th Session of the Pakistan-Turkey High Level Strategic Cooperation Council (HLSCC).
Published 22 Feb, 2017 10:07am
NAB arrests XEN C&W, contractor in corruption case
General News

NAB arrests XEN C&W, contractor in corruption case

PESHAWAR: The NAB Khyber Pakhtunkhwa Wednesday arrested Executive Engineer (XEN), Highway Division Kurram Agency C&W Department Faiz Muhammad and Contractor Nadir Khan for their alleged involvement in embezzlement of Rs 60 million.
Published 22 Feb, 2017 09:56am
California Juniper Bonsai by Stephen Voss
Featured Photos

California Juniper Bonsai by Stephen Voss

Photo Credit: Stephen Voss%D%AStephen Voss, a professional photographer based in Washington, DC who does unforgetable magazine, newspaper work while serving with his acute skills, serves various organizations across the world.
Published 22 Feb, 2017 09:19am
Airbus says profits hit by military plane woes
Industry

Airbus says profits hit by military plane woes

PARIS: European airplane maker Airbus said Wednesday that its profits nosedived last year as charges related to problems with its A400M military cargo transport plane sent earnings into a tailspin.
Published 22 Feb, 2017 08:52am
More than half of foreign players would play PSL final: PCB
Front Top News

More than half of foreign players would play PSL final: PCB

ISLAMABAD: More than 50 percent of the foreign players representing the five Pakistan Super League (PSL) franchises have agreed to play the Twenty20 tournaments final in Lahore on March 5.
Published 22 Feb, 2017 08:30am
Hobby Buddies: 'Merriment Pipe Smokers Club'
Featured Photos

Hobby Buddies: 'Merriment Pipe Smokers Club'

Photo Credit: Andi Cotellini & Ursula Sprecher%D%AHobby Buddies is a stunning portraitature series by Swiss photographers Ursula Sprecher & Andi Cortellini.
Published 22 Feb, 2017 08:18am
Sharif family took loan on foreign currency accounts: Attorney General
Front Top News

Sharif family took loan on foreign currency accounts: Attorney General

ISLAMABAD: The Attorney General Ashtar Ausaf Ali informed the Supreme Court that the Sharif family took loan on foreign currency accounts, during the resumed hearing by a SC five-member larger bench of the Panama Leaks case on Wednesday.
Published 22 Feb, 2017 08:13am
British bank Lloyds says net profit rockets to 2.0bn
Front Top News

British bank Lloyds says net profit rockets to 2.0bn

LONDON: Lloyds Banking Group announced soaring annual profits Wednesday on lower charges linked to an insurance scandal, as it awaits a full return to the private sector following a state bailout.
Published 22 Feb, 2017 08:11am
US targets millions in sweeping deportation plan
Front Top News

US targets millions in sweeping deportation plan

WASHINGTON: The Trump administration issued tough new orders Tuesday for a sweeping crackdown on illegal immigrants, putting nearly all of the country's 11 million undocumented foreigners in its crosshairs.
Published 22 Feb, 2017 06:25am
The ideological wall
Miscellaneous

The ideological wall

Thinking about moving to the land of opportunities? Sorry, the doors are closing in on that dream.
Published 22 Feb, 2017 04:20am
KAPCO - earnings slip
Miscellaneous

KAPCO - earnings slip

The financial performance of the countrys largest IPP, Kot Addu Power Company Limited (PSX: KAPCO) took a beating in the second quarter of FY17, which resulted in overall sluggish bottomline for 1HFY17 vis--vis 1HFY16.
Published 22 Feb, 2017 04:19am
Thinking in DC
Miscellaneous

Thinking in DC

Nawaz Sharif hasnt received a telephone call from President Donald Trump yet.
Published 22 Feb, 2017 03:49am
Gnawing circular debt
Miscellaneous

Gnawing circular debt

Even after the controversial repayment back in 2013 when the government took office, circular debt has remained an unbridled threat; and the threat has now blown into a full-fledged debacle as it is back to high levels.
Published 22 Feb, 2017 03:46am
NML's 1HFY17
Miscellaneous

NML's 1HFY17

After a promising first quarter, Nishat Mill Limited (PSX: NML) has slightly underwhelmed investors in the second quarter.
Published 22 Feb, 2017 03:44am
Marriyum condemns Charsadda attack

Marriyum condemns Charsadda attack

Condemning the Charsadda terror attack, Minister of State for Information and Broadcasting Marriyum Aurangzeb said that such cowardly acts can not deter the resolve of the nation to stand against terrorism. Talking to media on Tuesday, she said the govern
Published 22 Feb, 2017 12:00am
Rabbani says has no Twitter account

Rabbani says has no Twitter account

Chairman Senate Mian Raza Rabbani on Tuesday said that he has no account on Twitter or any other social website. "Chairman Senate, Senator Mian Raza Rabbani is not having or operating any Twitter or any other social media account whatsoever and the accoun
Published 22 Feb, 2017 12:00am
PML-N leaders term Imran's allegations against PM baseless

PML-N leaders term Imran's allegations against PM baseless

Leaders of Pakistan Muslim League-Nawaz (PML-N) Tuesday said that Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan is levelling baseless allegations against Prime Minister Nawaz Sharif and his family in relation to Panama Papers. Addressing a news confe
Published 22 Feb, 2017 12:00am
Senate panel slams cross-border terrorist attacks on Pakistan

Senate panel slams cross-border terrorist attacks on Pakistan

The Senate Standing Committee on Interior and Narcotics Control on Tuesday condemned the cross-border terrorist attacks on Pakistan. The committee met with Senator Abdul Rehman Malik in the chair and unanimously passed two resolutions condemning the recen
Published 22 Feb, 2017 12:00am
KP's first-ever CALC inaugurated in Swabi

KP's first-ever CALC inaugurated in Swabi

The first-ever Computerised Arms License Centre (CALC) of Khyber Pakhtunkhwa was inaugurated in district Swabi on Tuesday. Provincial Senior Minister for Information Technology Shahram Khan Tarakai formally inaugurated the centre by unveiling the plaque.
Published 22 Feb, 2017 12:00am
Body to conduct comparative study of 4G benchmarking

Body to conduct comparative study of 4G benchmarking

Fearing poor response from the upcoming spectrum auction (4G), the Advisory Committee for the Auction Tuesday decided to have further comparative study of benchmarking from local and regional telecom markets. The government is planning to auction the rema
Published 22 Feb, 2017 12:00am
Jhagra stresses need for strengthening education system

Jhagra stresses need for strengthening education system

Khyber Pakhtunkhwa Governor, Engr. Iqbal Zafar Jhagra has said that quality education bears inevitable role towards development and prosperity of any society. Therefore, he added, the education system needs to be strengthened in line with the present age
Published 22 Feb, 2017 12:00am
Torkham border authorities deport 59 Afghan citizens

Torkham border authorities deport 59 Afghan citizens

Around 59 Afghan citizens including 4 women and 8 children were deported to Afghanistan by the Pak border Torkham authorities at Torkham border on Tuesday. Sources informed that following suspension of the Torkham border, the 51 Afghan nationals who tried
Published 22 Feb, 2017 12:00am
PM leaves for Turkey today

PM leaves for Turkey today

Prime Minister Nawaz Sharif will embark on a three-day [February 22 to 24] official visit to Turkey today (Wednesday) to attend the 5th Session of the Pakistan-Turkey High Level Strategic Co-operation Council (HLSCC). According to Foreign Office Spokesper
Published 22 Feb, 2017 12:00am
President urges Muslim scholars to foster Islam's positive image

President urges Muslim scholars to foster Islam's positive image

President Mamnoon Hussain on Tuesday said extremist mindset and terrorism had left painful imprints on humanity and called upon the Muslim scholars to foster positive impression about Islam as a religion of peace. Addressing at International Islamic Unive
Published 22 Feb, 2017 12:00am
Pak-Afghan border: goods worth millions of dollars remain stuck

Pak-Afghan border: goods worth millions of dollars remain stuck

Goods worth millions of dollars remain stuck on both sides of the countries as Pak-Afghan border remained closed on Tuesday. Trade estimates reveal that in five days approximately goods worth 300 million dollars worth are stuck at the border. The Governme
Published 22 Feb, 2017 12:00am
GSP Plus status to remain intact by 2023: Dastgir
Cotton

GSP Plus status to remain intact by 2023: Dastgir

"The GSP Plus status will remain intact by December 31, 2023 and hence Pakistani exporters should fully concentrate on enhancing their exports to the potential markets of EU countries." Federal Minister for Commerce, Engineer Khurram Dastgir said this whi
Published 22 Feb, 2017 12:00am
International Livestock Nutrition Summit opens at UVAS

International Livestock Nutrition Summit opens at UVAS

The University of Veterinary & Animal Sciences (UVAS) Lahore in collaboration with Nutritionists Association of Pakistan (NAP) organised a two-day International Livestock Nutrition Summit with the theme "Feed, Farm, Food & Innovations" on Tuesday.
Published 22 Feb, 2017 12:00am
SME development: Minister invites Oman's private sector

SME development: Minister invites Oman's private sector

The Federal Minister Industries and Production, Ghulam Murtaza Khan Jatoi has invited the private sector of Oman to join hands with the Pakistani counterparts for SME development in both countries. According to the Small and Medium Enterprise Development
Published 22 Feb, 2017 12:00am
Nepal offers on-arrival visa to businessmen

Nepal offers on-arrival visa to businessmen

Nepali Ambassador to Pakistan Sewa Lamsal Adhikari said on Tuesday that his government would offer visa to the Pakistani businessmen on their arrival in his country. The ambassador stated this during her visit to the Federation of Pakistan Chamber of Comm
Published 22 Feb, 2017 12:00am
PPDWP approves three development schemes

PPDWP approves three development schemes

The Punjab Provincial Development Working Party (PPDWP) approved three development schemes of various sectors with an estimated cost of Rs 1291.228 million. These schemes were approved in the 55th meeting of PPDWP of current fiscal year 2016-17 presided o
Published 22 Feb, 2017 12:00am
Young doctors hold protest

Young doctors hold protest

Young doctors on Tuesday held a protest against the Anti-Corruption Establishment (ACE) Punjab officials for their attempt to arrest Dr Atif in a corruption case. On the call of Young Doctors Association (YDA), OPDs of the city hospitals like Mayo, Jinnah
Published 22 Feb, 2017 12:00am
India conspiring to sabotage CPEC: Masood Khan

India conspiring to sabotage CPEC: Masood Khan

President Azad Jammu and Kashmir Sardar Masood Khan has said that India has launched a drive to sabotage China Pakistan Economic Corridor; China and Russia must convince India not to make such efforts to derail the project and realize her benefits of CPEC
Published 22 Feb, 2017 12:00am
Misuse of powers: Businessmen protest against FBR

Misuse of powers: Businessmen protest against FBR

Hundreds of businessmen on Tuesday staged a demonstration against the Federal Board of Revenue (FBR)'s anti-business policies including bank account attachments, misuse of discretionary powers under section 38-B and raids at the business premises.
Published 22 Feb, 2017 12:00am
India carries out terror acts thru Afghanistan: Elahi

India carries out terror acts thru Afghanistan: Elahi

Pakistan Muslim League-Q senior leader Chaudhry Parvez Elahi said on Tuesday that India is involved in acts of terrorism in Pakistan through Afghanistan. "There are proofs that RAW is carrying out bomb explosions and other acts of terrorism in Pakistan th
Published 22 Feb, 2017 12:00am
Treet Corporation Limited

Treet Corporation Limited

Treet Corporation Limited is one of the oldest business groups in Pakistan. The company finds its roots before the partition of subcontinent almost a century ago, when it was established as a diversification from canteen and agricultural business. After t
Published 22 Feb, 2017 12:00am
Treet Corporation Limited

Treet Corporation Limited

Treet Corporation Limited is one of the oldest business groups in Pakistan. The company finds its roots before the partition of subcontinent almost a century ago, when it was established as a diversification from canteen and agricultural business. After t
Published 22 Feb, 2017 12:00am
Number of companies registered with SECP stand at 77,473

Number of companies registered with SECP stand at 77,473

The number of companies registered with the Securities and Exchange Commission of Pakistan (SECP) stand at 77,473 till February 2017. Sources toldBusiness Recorder here on Tuesday that the year-wise data revealed the number of registered companies
Published 22 Feb, 2017 12:00am
Financial aid, medal for martyred BDS man announced

Financial aid, medal for martyred BDS man announced

Federal Interior Minister, Chaudhry Nisar Ali Khan has announced financial assistance and medal for martyred of Quetta bomb disposal squad (BDS). Chaudhry Nisar on Tuesday said that people like martyred BDS personnel, Abdul Razzaq were pride for entire na
Published 22 Feb, 2017 12:00am
Khamenei backs liberation from Israel 'tumour'

Khamenei backs liberation from Israel 'tumour'

Iran's supreme leader Ayatollah Ali Khamenei called on Tuesday for the "complete liberation" of Palestine from the "tumour" of Israel, renewing his regime's refusal to recognise Israel's right to exist. Khamenei was speaking at the sixth international con
Published 22 Feb, 2017 12:00am
Israeli soldier gets 18 months for killing Palestinian

Israeli soldier gets 18 months for killing Palestinian

An Israeli military court on Tuesday sentenced a soldier to 18 months in prison for shooting dead a wounded Palestinian assailant who lay on the ground, sparking criticism from rights groups. Defence lawyers announced an appeal and right-wing Israeli mini
Published 22 Feb, 2017 12:00am
IS won't be defeated unless corruption tackled: report

IS won't be defeated unless corruption tackled: report

Western governments need to step up their efforts to combat corruption if they are to defeat jihadists such as the Islamic State group and Boko Haram, Transparency International warned Tuesday. Corrupt practices in states such as Nigeria, Libya and Iraq a
Published 22 Feb, 2017 12:00am
Azerbaijan strongman appoints wife vice president

Azerbaijan strongman appoints wife vice president

Azerbaijan's President Ilham Aliyev on Tuesday appointed his glamorous wife as first vice president, the latest move seen as tightening the family's iron grip on the oil-rich Caspian nation. The elevation of Mehriban Aliyeva - a prominent socialite and la
Published 22 Feb, 2017 12:00am
Journalists face rising threats in trouble spots: watchdog

Journalists face rising threats in trouble spots: watchdog

Journalists in conflict zones are facing unprecedented threats amid a rise in violent non-state actors, a decline in rule of law and increased reliance on freelancers, a media watchdog said Tuesday. The New York-based Committee to Protect Journalists said
Published 22 Feb, 2017 12:00am
Five die as plane crashes into Melbourne shopping centre

Five die as plane crashes into Melbourne shopping centre

A light aircraft smashed into shops and exploded into a "massive fireball" killing all five on board, including four American passengers reportedly golfers on the trip of a lifetime, officials in Australia said Tuesday. The twin-engined Beechcraft plane v
Published 22 Feb, 2017 12:00am
Iran, Turkey trade barbs over Syria

Iran, Turkey trade barbs over Syria

Diplomatic tensions escalated Tuesday between Turkey and Iran as the countries traded accusations over their roles in the Syria conflict and the Middle East. The pair have been regional rivals for centuries but have sought to forge a pragmatic relationshi
Published 22 Feb, 2017 12:00am
Nepal to hold first local elections in 20 years

Nepal to hold first local elections in 20 years

Nepal will hold its first local elections in two decades in May, the government has announced, a key moment in the country's fraught transition to democracy. The impoverished Himalayan nation emerged from a brutal decade-long civil war in 2006, which brou
Published 22 Feb, 2017 12:00am
Germany to boost troops as US urges more defence spending

Germany to boost troops as US urges more defence spending

Germany will increase its military to nearly 200,000 troops over the next seven years, the defence ministry said Tuesday, a day after US Vice President Mike Pence urged European allies to boost their defence spending. Berlin had already announced last May
Published 22 Feb, 2017 12:00am
Britain's Brexit bill to be 'very hefty': Juncker

Britain's Brexit bill to be 'very hefty': Juncker

Britain will have to pay a "very hefty" bill to leave the European Union and negotiating a new relationship with the bloc will take years, European Commission chief Jean-Claude Juncker warned Tuesday. Prime Minister Theresa May hopes to trigger the Brexit
Published 22 Feb, 2017 12:00am
Flooding hits Jakarta, one dead

Flooding hits Jakarta, one dead

Widespread flooding hit the Indonesian capital Tuesday after hours of torrential rain, with thousands of homes inundated, cars stranded and at least one person killed. Water up to 1.5 metres (five feet) deep swamped parts of the Indonesian capital and nea
Published 22 Feb, 2017 12:00am
Mugabe marks 93rd birthday with faltering TV interview

Mugabe marks 93rd birthday with faltering TV interview

Zimbabwean President Robert Mugabe, the world's oldest national ruler, turned 93 on Tuesday, using a long and occasionally rambling interview to vow to remain in power despite growing signs of frailty. He celebrated with his staff in a private ceremony in
Published 22 Feb, 2017 12:00am
Thousands of anti-Trump protesters say 'not my president'

Thousands of anti-Trump protesters say 'not my president'

About 10,000 anti-Trump protesters marched in New York to shouts of "not my president!" Monday, joined by others in cities across the United States on its Presidents Day holiday. After a raucous first month in office, President Donald Trump returned to Wa
Published 22 Feb, 2017 12:00am
Trump names McMaster as national security advisor

Trump names McMaster as national security advisor

Donald Trump tapped respected Army lieutenant general H.R. McMaster as his national security advisor Monday, hoping to course correct after his first pick resigned and his second turned down the vital post. Trump announced the counterinsurgency strategist
Published 22 Feb, 2017 12:00am
Pliskova dumped out of Dubai second round

Pliskova dumped out of Dubai second round

Three of the top five seeds were bundled out of the Dubai Tennis Championships Tuesday with US Open finalist Karolina Pliskova among the victims. The Czech second seed, weekend Doha WTA winner, was dumped out of the second round in straight sets by France
Published 22 Feb, 2017 12:00am
Venezuela skier says France deported him before contest

Venezuela skier says France deported him before contest

French police deported a Venezuelan man heading to compete in a skiing competition in Finland because they didn't believe he was a cross-country skier, the sportsman told AFP. Adrian Solano, 22, said he finally managed to make the journey on Monday having
Published 22 Feb, 2017 12:00am
PAF win football series against Lankan Air Force

PAF win football series against Lankan Air Force

One goal each by star forward Mujahid, promising Irfan and Sohail guided Pakistan Air Force to clinch the three matches bilateral Football Series against visiting Sri Lankan Air Force team in a match played here at PAF Academy Risalpur on Tuesday.
Published 22 Feb, 2017 12:00am
Generation's School hosts 17th GenFajr Annual Athletic Sports Day

Generation's School hosts 17th GenFajr Annual Athletic Sports Day

Generation's School proudly hosted its 17th GenFajr Annual Athletic Sports day for its junior section, in the South Campus. The event showcased the talents of over 860 young athletes from the ages of eight till twelve, and was attended by over 1,600 spect
Published 22 Feb, 2017 12:00am
Incredible Hulk blasts Shanghai to victory

Incredible Hulk blasts Shanghai to victory

Brazilian forward Hulk blasted Shanghai SIPG to a 1-0 victory over FC Seoul but the big-spending Chinese giants needed to survive a penalty and a red card before winning their AFC Champiions League opener on Tuesday Hulk's rocket of a strike on 53 minutes
Published 22 Feb, 2017 12:00am
Sri Lanka's Dickwella banned after T20 dissent

Sri Lanka's Dickwella banned after T20 dissent

Sri Lanka's Niroshan Dickwella was suspended for two limited-overs matches on Tuesday after he was punished for dissent during last week's pulsating Twenty20 win over Australia. The wicketkeeper and opening batsman was docked two demerit points and fined
Published 22 Feb, 2017 12:00am
Bangladesh recall Mustafizur for Sri Lanka Tests

Bangladesh recall Mustafizur for Sri Lanka Tests

Bangladesh on Tuesday recalled their left-arm fast bowler Mustafizur Rahman in a 16-man squad for the upcoming two-Test series in Sri Lanka after his prolonged injury lay-off. The 21-year-old has not played a Test since his debut series against South Afri
Published 22 Feb, 2017 12:00am
No Samuels in West Indies ODI squad for England series

No Samuels in West Indies ODI squad for England series

West Indies all-rounder Marlon Samuels has been left out of their 15-man squad for the upcoming One Day International (ODI) series against England. The batsman last played for West Indies against Pakistan late last year but was then left out of the squad
Published 22 Feb, 2017 12:00am
OCA chief tentatively backs dual host city awards

OCA chief tentatively backs dual host city awards

Asia's most powerful sports official has given tentative support to the notion that the International Olympic Committee (IOC) should award the host cities for both the 2024 and 2028 Olympics later this year, an idea which appears to be gaining momentum. T
Published 22 Feb, 2017 12:00am
Former policeman appointed new anti-doping chairman

Former policeman appointed new anti-doping chairman

Retired former senior policeman Trevor Pearce is to replace David Kenworthy as chairman of United Kingdom Anti-Doping (UKAD) it was announced by the Secretary of State for Culture, Media and Sport Karen Bradley on Tuesday. Pearce, who retired from the for
Published 22 Feb, 2017 12:00am
China league like 'lightning in a bottle': Brighton chief

China league like 'lightning in a bottle': Brighton chief

China's astonishing spending spree on foreign players could all end in tears like the United States' first foray into building a football league in the 1970's, according to Brighton chief executive Paul Barber. Barber, whose side are on course for promoti
Published 22 Feb, 2017 12:00am
Peshawar University Annual Sports conclude

Peshawar University Annual Sports conclude

Post Graduate Department University of Peshawar clinched the overall trophy after securing 74 points while Faris John of the same and Hilal of Govt Degree College Hayatabad were declared best athletes of the Year-2017 in an Annual Sports Day Inter-College
Published 22 Feb, 2017 12:00am
Aussie up, kiwi falls

Aussie up, kiwi falls

The Australian dollar held near a 3-1/2 month peak on Tuesday as traders waited on fresh catalysts from a slew of data and central bank events, while the New Zealand dollar was subdued ahead of a global dairy auction. The Australian dollar was 0.2 percent
Published 22 Feb, 2017 12:00am
Sterling hits two-month high against euro
Currency

Sterling hits two-month high against euro

Sterling rose almost 1 percent against the euro on Tuesday, to its highest in two months, after another opinion poll showing far-right French presidential candidate Marine Le Pen gaining ground hit the single currency. The pound rose as high as 84.45 penc
Published 22 Feb, 2017 12:00am
Canadian dollar weakens

Canadian dollar weakens

The Canadian dollar weakened on Tuesday to a 12-day low against its US counterpart, whose gains against a basket of major currencies offset higher prices for oil, a major export for Canada. The greenback climbed after two Federal Reserve policymakers poin
Published 22 Feb, 2017 12:00am
Asian currencies ease

Asian currencies ease

Most emerging Asian currencies eased against a broadly firmer dollar on Tuesday, with the Philippine peso plumbing 10-year lows having breached a key support level of 50 per dollar. The Philippine peso slipped to 50.355 per dollar at one point on Tuesday,
Published 22 Feb, 2017 12:00am
China's yuan slips

China's yuan slips

China's yuan slipped against the US dollar on Tuesday, after the global dollar index rose to nearly one-week highs, but much of the focus was on offshore trade as yuan deposit rates in Hong Kong spiked to more than 6 percent. Offshore yuan liquidity was s
Published 22 Feb, 2017 12:00am
Hints of March rate rise drive dollar higher in Europe
Currency

Hints of March rate rise drive dollar higher in Europe

The dollar rose broadly on Tuesday after two Federal Reserve policymakers pointed to a potential US interest rates rise next month, turning attention to the bullish fundamentals of the world's biggest economy. The move, a more than half percent gain for t
Published 22 Feb, 2017 12:00am
Dollar rises in Asia, underpinned by higher Treasury yields

Dollar rises in Asia, underpinned by higher Treasury yields

The dollar gained on Tuesday, taking its cue from higher US Treasury yields as investors awaited minutes from the Federal Reserve's latest meeting for signals to the pace of interest rate hikes. The dollar rose 0.5 percent to 113.64 yen, moving back towar
Published 22 Feb, 2017 12:00am
Sri Lankan rupee falls
Currency

Sri Lankan rupee falls

The Sri Lankan rupee declined for a fifth straight session on Tuesday as offshore investors sold government securities amid concerns over further depreciation in the local currency, dealers said. Dollar demand from importers and foreign banks also weighed
Published 22 Feb, 2017 12:00am
HSBC pulls FTSE lower

HSBC pulls FTSE lower

British shares fell 0.3 percent on Tuesday, dragged down by banking stocks as a week of full-year earnings releases for major listed banks began with a profit slump for HSBC. The blue-chip FTSE index fell 0.3 percent, with HSBC down 6.5 percent, its worst
Published 22 Feb, 2017 12:00am
Growth surprise raises another French debt dilemma

Growth surprise raises another French debt dilemma

Rebounding euro zone growth data gave investors another reason to sell French bonds on Tuesday as the prospect of the European Central Bank winding down its monetary stimulus combined with nervousness ahead of the French presidential elections. Investors
Published 22 Feb, 2017 12:00am
Taiwan stocks fall

Taiwan stocks fall

Taiwan stocks fell on Tuesday, reversing early gains on profit-taking although losses were checked by data showing export orders in January grew for a sixth consecutive month. Overall trading was muted with lack of cues from US markets, which were shut on
Published 22 Feb, 2017 12:00am
European shares climb to 14-month high on positive surveys, HSBC slumps

European shares climb to 14-month high on positive surveys, HSBC slumps

European shares rose to their highest in over 14 months on Tuesday, with optimism generated by encouraging manufacturing surveys outpacing a steep decline in HSBC shares after a slump in the heavyweight bank's annual pre-tax profit. Europe's biggest bank
Published 22 Feb, 2017 12:00am
China stocks approach three-month highs

China stocks approach three-month highs

China stocks extended gains on Tuesday to close at a near three-month high, as expectations for big flows into stock markets from pension funds continued to improve risk appetite. The blue-chip CSI300 index rose 0.3 percent, to 3,482.82 points, while the
Published 22 Feb, 2017 12:00am
Indian shares surge

Indian shares surge

Indian shares closed at their highest level since September as Axis Bank surged on a media report it would become the target of a take-over, although telecom firms fell after Reliance Jio Infocomm unveiled a sharply discounted tariff plan. The benchmark B
Published 22 Feb, 2017 12:00am
Most Southeast Asian markets subdued

Most Southeast Asian markets subdued

Southeast Asian stock markets, except Vietnam, were subdued on Tuesday due to a lack of global cues ahead of the release of minutes from a US Federal Reserve meeting and a series of speeches by Fed officials this week. The heads of five regional US Fed br
Published 22 Feb, 2017 12:00am
Hong Kong stocks fall

Hong Kong stocks fall

Hong Kong stocks suffered their biggest one-day loss in a month on Tuesday, hurt by index heavyweight HSBC Holdings PLC after it posted a bigger-than-expected drop in its 2016 profit. The benchmark Hang Seng index erased early gains and ended down 0.8 per
Published 22 Feb, 2017 12:00am
Tokyo shares up on automaker, bank rally

Tokyo shares up on automaker, bank rally

Tokyo stocks rose Tuesday, with automakers and banks leading the way while a dip in the yen supported exporters. Investors were encouraged by Greece's decision on Monday to discuss new bailout reforms in a bid to break a deadlock with its EU-IMF creditors
Published 22 Feb, 2017 12:00am
Australian shares lower; New Zealand up

Australian shares lower; New Zealand up

Australian shares declined marginally on Tuesday, their third straight down day, as gains in basic material stocks were outweighed by losses in other sectors due to disappointing earnings. The S&P/ASX 200 index closed down 0.07 percent, or 4.065 points, t
Published 22 Feb, 2017 12:00am
Sri Lankan shares rise

Sri Lankan shares rise

Sri Lankan shares hit a more than one-week closing low on Tuesday, their fourth straight session of losses, as investors sold shares of blue chip companies such as John Keells Holdings Plc amid concerns over rising interest rates. The Colombo stock index
Published 22 Feb, 2017 12:00am
Dubai index plummets as Arabtec slides, Egypt rebounds
Currency

Dubai index plummets as Arabtec slides, Egypt rebounds

Dubai's stock market fell on Tuesday, breaking technical support as construction firm Arabtec continued to slide, while Egypt rebounded from a drop triggered by foreign investors' selling. Dubai's index sank 1.2 percent to 3,560 points, confirming a break
Published 22 Feb, 2017 12:00am
Saudi Arabia sees first deflation in over a decade

Saudi Arabia sees first deflation in over a decade

Consumer price deflation hit Saudi Arabia in January for the first time in over a decade, official data showed on Tuesday, but plans for increased state revenues mean prices are unlikely to continue falling for more than a few months. Prices fell 0.4 perc
Published 22 Feb, 2017 12:00am
Wal-Mart scores solid US sales; earnings dip

Wal-Mart scores solid US sales; earnings dip

Wal-Mart Stores on Tuesday reported a strong gain in domestic store sales during the key holiday-shopping quarter, although earnings fell on higher expenses. The world's biggest retailer reported fourth-quarter net income of $3.8 billion, down 17.9 percen
Published 22 Feb, 2017 12:00am
Wal-Mart scores solid US sales; earnings dip

Wal-Mart scores solid US sales; earnings dip

Wal-Mart Stores on Tuesday reported a strong gain in domestic store sales during the key holiday-shopping quarter, although earnings fell on higher expenses. The world's biggest retailer reported fourth-quarter net income of $3.8 billion, down 17.9 percen
Published 22 Feb, 2017 12:00am
Yahoo slashes price of Verizon deal $350 million after data breaches

Yahoo slashes price of Verizon deal $350 million after data breaches

Yahoo slashed the price of the sale of its core Internet business to Verizon by $350 million following a pair of major data breaches at Yahoo, the two companies announced Tuesday. Under the revised terms of the deal, Verizon's purchase the Yahoo assets wi
Published 22 Feb, 2017 12:00am
Peugeot in 'fruitful' talks with Merkel over Opel merger

Peugeot in 'fruitful' talks with Merkel over Opel merger

French carmaker PSA on Tuesday said its chief executive Carlos Tavares had held a "fruitful discussion" with German Chancellor Angela Merkel over his firm's planned take-over of General Motors subsidiary Opel. Tavares "presented the rationale to create th
Published 22 Feb, 2017 12:00am
Britons say economy their top concern, overtaking immigration: poll

Britons say economy their top concern, overtaking immigration: poll

Britons are now more concerned about the economy than they are about terrorism or immigration, a survey showed on Tuesday, another sign that consumers are feeling increasingly worried about Britain's decision to leave the European Union. The survey by dat
Published 22 Feb, 2017 12:00am
German job vacancies hit record high in fourth quarter

German job vacancies hit record high in fourth quarter

Job vacancies in Germany rose to more than one million in the final three months of 2016 to hit a record high, data showed on Tuesday, in a further sign of improved labour demand in Europe's biggest economy. Total job vacancies jumped by about 80,000 to 1
Published 22 Feb, 2017 12:00am
EU profits as Trump turns away from trade, says Commissioner

EU profits as Trump turns away from trade, says Commissioner

The United States' new hostility to free trade deals under President Donald Trump is benefiting the European Union, the bloc's top trade official said Tuesday. After Trump's withdrawal from the Trans-Pacific Partnership trade deal in late January, "many c
Published 22 Feb, 2017 12:00am
EU banking watchdog eases payments rules to boost competition

EU banking watchdog eases payments rules to boost competition

The European Union's banking watchdog has eased its proposed rules for increasing choice in how people pay for products and services after the sector warned of unfair competition. The European Banking Authority Chairman Andrea Enria said changes have been
Published 22 Feb, 2017 12:00am
France joins the party as eurozone economic outlook shines
Currency

France joins the party as eurozone economic outlook shines

The eurozone's economy improved sharply this month and enjoyed some rare positive news about jobs, with French business activity unexpectedly matching that in big beast Germany just as its presidential race heats up. Preliminary purchasing manager surveys
Published 22 Feb, 2017 12:00am
World's biggest miner BHP posts soaring half-year profit

World's biggest miner BHP posts soaring half-year profit

Mining giant BHP Billiton reported Tuesday a dramatic rebound in half-yearly profits on the back of surging coal and iron ore prices and improved productivity. The underlying profit of US $3.2 billion and earnings before tax of US $9.9 billion for the las
Published 22 Feb, 2017 12:00am
Anglo American aims to resume dividend, no longer a forced seller

Anglo American aims to resume dividend, no longer a forced seller

Anglo American aims to reinstate dividends at the end of this year after rising commodity prices helped it to boost earnings and cut debt, it said on Tuesday, adding it would only sell more assets to sharpen its focus and not because it needed money. The
Published 22 Feb, 2017 12:00am
Anglo American aims to resume dividend, no longer a forced seller

Anglo American aims to resume dividend, no longer a forced seller

Anglo American aims to reinstate dividends at the end of this year after rising commodity prices helped it to boost earnings and cut debt, it said on Tuesday, adding it would only sell more assets to sharpen its focus and not because it needed money. The
Published 22 Feb, 2017 12:00am
Ethiopia buys about 400,000 tonnes of wheat

Ethiopia buys about 400,000 tonnes of wheat

The Ethiopian government has bought about 400,000 tonnes of wheat in a tender for the same volume, European traders said on Monday. The wheat is from optional origins but likely to include the Black Sea region as a source, they said.
Published 22 Feb, 2017 12:00am
Soyameal prices down on European feeds market

Soyameal prices down on European feeds market

Soyameal prices on the European meals and feeds market were mostly easier on Monday because of expectations for a bumper South American soyabean harvest. "Harvest pressure keeps dominating the market at the moment, especially because of the absence of a d
Published 22 Feb, 2017 12:00am
No change witnessed on cotton market
Cotton

No change witnessed on cotton market

No visible change was witnessed on the cotton market on Tuesday in the process of trading activity, dealers said. The official spot rate was unmoved at Rs 6650, they said. In Sindh, seed cotton prices were lower by Rs 100 to Rs 3300-3400, they said. In Pu
Published 22 Feb, 2017 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 118,873 tonnes of cargo comprising 92,391 tonnes of import cargo and 26,482 tonnes of export cargo including NA loaded and empty containers during the last 24 hours ending at 0700 hours on Tuesday. The total import cargo of 92,391
Published 22 Feb, 2017 12:00am
EU wheat extends retreat in US holiday lull

EU wheat extends retreat in US holiday lull

Euronext wheat futures edged lower on Monday to extend a retreat from a six-month high struck last week, with a holiday closure on US markets helping European prices to consolidate. May milling wheat, the most active contract on the Paris-based Euronext e
Published 22 Feb, 2017 12:00am
Palm oil keeps falling on European vegoils market

Palm oil keeps falling on European vegoils market

Palm oil on the European vegetable oils market eased again on Monday on the back of an outlook for rising production. Asking prices for palm oil were between $5 and $12.50 a tonne down from Friday after Malaysian palm oil futures closed between six and 26
Published 22 Feb, 2017 12:00am
Russian wheat prices climb on Egyptian demand

Russian wheat prices climb on Egyptian demand

Russian wheat prices have risen for the fifth week in a row, boosted by a stronger rouble and demand from Egypt, the world's largest wheat importer, analysts said on Monday. Egypt's state grain buyer, the General Authority for Supply Commodities (GASC), s
Published 22 Feb, 2017 12:00am
Sri Lanka's January tea output falls
Currency

Sri Lanka's January tea output falls

Sri Lanka's tea output fell 15.3 percent in January due to adverse weather, poor application of fertilisers and a government ban on pesticides, the state-run Tea Board said on Monday. "Mainly it is the weather; in addition to that, other factors like (poo
Published 22 Feb, 2017 12:00am
PMEX daily trading report

PMEX daily trading report

On Monday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,137. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 2.93 billion and the number of lots traded was 6,963. Major business was contributed by gold
Published 22 Feb, 2017 12:00am
US sets plan for sweeping crackdown on nearly all illegal immigrants

US sets plan for sweeping crackdown on nearly all illegal immigrants

The Department of Homeland Security issued tough new orders Tuesday to begin a sweeping crackdown on illegal immigrants, putting nearly all of the country's 11 million undocumented foreigners in their cross-hairs. Two memos issued by DHS Secretary John Ke
Published 22 Feb, 2017 12:00am
US sets plan for sweeping crackdown on nearly all illegal immigrants

US sets plan for sweeping crackdown on nearly all illegal immigrants

The Department of Homeland Security issued tough new orders Tuesday to begin a sweeping crackdown on illegal immigrants, putting nearly all of the country's 11 million undocumented foreigners in their cross-hairs. Two memos issued by DHS Secretary John Ke
Published 22 Feb, 2017 12:00am
TRANSPARENCY AND DEVELOPMENT SPEEDY PUNJAB

TRANSPARENCY AND DEVELOPMENT SPEEDY PUNJAB

Pakistan Muslim League-N government has always given top priority to progress and transparency. Merit and transparency is such a policy of Punjab government which is appreciated and admitted at different forums including impartial local and foreign instit
Published 22 Feb, 2017 12:00am
Italy rescues 630 migrants

Italy rescues 630 migrants

Italy's coast guard has rescued about 630 migrants off the coast of Libya who were trying to cross the Mediterranean.
Published 22 Feb, 2017 12:00am
Italy rescues 630 migrants

Italy rescues 630 migrants

Italy's coast guard has rescued about 630 migrants off the coast of Libya who were trying to cross the Mediterranean.
Published 22 Feb, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 22 Feb, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 22 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 22 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 22 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 Tuesday (February 21, 2017).

Published 22 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 Tuesday (February 21, 2017).

Published 22 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 Tuesday (February 21, 2017).

Published 22 Feb, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Tuesday (February 21, 2017).
Published 22 Feb, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Tuesday (February 21, 2017).

Published 22 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (February 21, 2017).

Published 22 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (February 21, 2017).

Published 22 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Tuesday (February 21, 2017).

Published 22 Feb, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Tuesday (February 21, 2017).

Published 22 Feb, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Tuesday (February 21, 2017).

Published 22 Feb, 2017 12:00am
JLI MANAGED TAKAFUL FUND

JLI MANAGED TAKAFUL FUND

JLI Managed Takaful Fund Rates on Tuesday (February 21, 2017).

Published 22 Feb, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 22 Feb, 2017 12:00am
BOARD MEETINGS
Cotton

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 22 Feb, 2017 12:00am