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Archive - 2017-02-25
Pak-US cooperation in trade, energy to be enhanced
Business & Economy

Pak-US cooperation in trade, energy to be enhanced

ISLAMABAD: Pakistan's ambassador-designate to US Aizaz Chaudhry who is all set to leave for Washington soon for the challenging assignment Saturday said that improving Pakistan's image and enhancing cooperation in trade, energy and security would
Published 25 Feb, 2017 02:50pm
Boosting Erdogan powers will 'stabilise' Turkey: PM
World Top News

Boosting Erdogan powers will 'stabilise' Turkey: PM

ANKARA: Prime Minister Binali Yildirim urged Turks to say "yes" to boosting President Recep Tayyip Erdogan's powers on Saturday, saying it would strengthen Turkey at the ruling party's first pro-referendum rally.
Published 25 Feb, 2017 12:33pm
Saudi FM in landmark visit to Iraq
Middle East

Saudi FM in landmark visit to Iraq

BAGHDAD: Saudi Foreign Minister Adel al-Jubeir was in Baghdad for talks on Saturday, the first such visit by a chief diplomat from the kingdom in years, Iraqi officials said.
Published 25 Feb, 2017 10:56am
Divided Oscars: Hollywood still struggles with race
Movies & Music

Divided Oscars: Hollywood still struggles with race

LOS ANGELES: On their way to this year's Oscars, Dev Patel searched for his Indian roots, Denzel Washington wrestled with racism as an angry African-American patriarch and Octavia Spencer became a top black female mathematician.
Published 25 Feb, 2017 10:53am
Chinese delegation of CPIFA meets Sartaj Aziz
Pakistan Top News

Chinese delegation of CPIFA meets Sartaj Aziz

ISLAMABAD: Adviser to the Prime Minister on Foreign Affairs, Sartaj Aziz has said that friendship with China is the cornerstone of Pakistan's foreign policy as Pakistan and China are time-tested friends and this friendship is based on mutual trust and
Published 25 Feb, 2017 10:47am
13th ECO Summit proceedings starts from Sunday
Pakistan Top News

13th ECO Summit proceedings starts from Sunday

ISLAMABAD: Pakistan is hosting the 13th ECO Summit here on 1 March and it would be preceded by the Senior Officials' Meeting (SOM) on February 26-27, and Council of Foreign Ministers' Meeting (COM) on February 28.
Published 25 Feb, 2017 10:33am
Clooney blasts Trump at 'French Oscars'
Movies & Music

Clooney blasts Trump at 'French Oscars'

PARIS: Isabelle Huppert and her hit thriller "Elle" were the big winners late Friday at the "French Oscars" -- the Cesars -- in a highly political ceremony marked by Hollywood star George Clooney warning that freedom had to be defended in the face of Dona
Published 25 Feb, 2017 09:54am
Right on track of PSL final: Sethi
Cricket

Right on track of PSL final: Sethi

Chairman Pakistan Super League (PSL) Najam Sethi has reaffirmed that they are right on track for final of the tournament in Lahore on March 5 (Sunday).
Published 25 Feb, 2017 09:45am
Pele's son turns self in for Brazil prison sentence
World

Pele's son turns self in for Brazil prison sentence

SAO PAULO: The son of football legend Pele turned himself in late Friday after being ordered by a Brazilian court to begin serving a nearly 13-year prison sentence for money laundering and drug trafficking.
Published 25 Feb, 2017 09:41am
Punjab govt, PCB indecisive about PSL final
Cricket

Punjab govt, PCB indecisive about PSL final

MUHAMMAD SALEEM%D%A%D%ALAHORE: After having a meeting with Punjab Chief Minister, Pakistan Super League (PSL) Chairman Najam Sethi said that they were on track for final of the PSL in Lahore.
Published 25 Feb, 2017 09:31am
SBP takes big step to narrow trade deficit
Top News

SBP takes big step to narrow trade deficit

RIZWAN BHATTI%D%A%D%AKARACHI: The State Bank of Pakistan (SBP) Friday imposed a 100 percent cash margin requirement on the import of some 404 items with immediate effect.
Published 25 Feb, 2017 09:26am
Suicide attacks on bases in Syria's Homs kill 42
Front Top News

Suicide attacks on bases in Syria's Homs kill 42

BEIRUT: Suicide attacks on two security service bases in the heart of Syria's government-held third city of Homs killed 42 people on Saturday, overshadowing peace talks in Geneva, state television and a monitor said.
Published 25 Feb, 2017 09:11am
Iran requests 950 tonnes of uranium from Kazakhstan
Front Top News

Iran requests 950 tonnes of uranium from Kazakhstan

TEHRAN: Iran's nuclear chief said Saturday that the country had requested to buy 950 tonnes of uranium concentrate from Kazakhstan over the next three years to help develop its civil reactor programme.
Published 25 Feb, 2017 08:59am
PSL II: Arch rivals to clash in playoffs decider
Cricket

PSL II: Arch rivals to clash in playoffs decider

DUBAI: The Karachi Kings would take on arch rivals Lahore Qalandars today (Saturday) at Dubai , in the match that could potentially decide which of the two sides would make into the play offs of the Pakistan Super League (PSL) 2017.
Published 25 Feb, 2017 08:55am
US MIDDAY: gold climbs

US MIDDAY: gold climbs

Gold reached its highest in 3-1/2 months on Friday as the dollar fell to a one-week low after the new US Treasury chief poured cold water on the "Trumpflation trade" that had boosted the greenback this year. Treasury Secretary Steven Mnuchin said on Thurs
Published 25 Feb, 2017 12:00am
US MIDDAY: wheat and corn fall

US MIDDAY: wheat and corn fall

US wheat futures fell to a two-week low on Friday and corn hit a 2-1/2-week low on technical selling including fund long liquidation, analysts said. Soyabeans were modestly higher, bouncing after the spot March contract hit a six-week low. As of 11:58 a.m
Published 25 Feb, 2017 12:00am
Oil slips nearly one percent on concerns over rising US output

Oil slips nearly one percent on concerns over rising US output

Oil prices fell about 1 percent on Friday as worries about rising US supplies outweighed OPEC pledges to boost compliance with output curbs. But crude prices were on track for a weekly rise as traders have begun to pull out barrels from pricey storage, wi
Published 25 Feb, 2017 12:00am
Women trafficking: SC seeks report from IGs of Islamabad, Punjab

Women trafficking: SC seeks report from IGs of Islamabad, Punjab

Springing into action over heinous crime of women sex trafficking in the federal capital as well as adjacent Rawalpindi, the Supreme Court on Friday sought report from inspector generals of Islamabad and Punjab police within three days. Chief Justice Mian
Published 25 Feb, 2017 12:00am
'NAB adopts zero tolerance policy across the board'

'NAB adopts zero tolerance policy across the board'

Major Shabbir Ahmed (retd) after taking over charge as DG NAB Karachi while addressing all investigation officers, prosecutors & staff of the NAB Karachi said that NAB under the leadership of Chairman NAB, Qamar Zaman Chaudhry is committed to eradicate co
Published 25 Feb, 2017 12:00am
Iran's solo exhibition opens

Iran's solo exhibition opens

A four-day Solo Exhibition of Iranian products began at the Expo Centre today (Friday), with as many as 60 companies participating in the fair to showcase their products. Iran has held a single country exhibition in Karachi after 15 years, mainly due to t
Published 25 Feb, 2017 12:00am
Hamdard to send 9 workers on Hajj, 2 on Umrah

Hamdard to send 9 workers on Hajj, 2 on Umrah

Hamdard Pakistan, as usual, will send its 9 workers to perform Hajj and 2 for Umrah this year of 2017 - 1438 Hijri. The selection of workers has been made through ballot, held yesterday at Al-Majeed Hamdard Centre, Nazimabad Karachi. Mrs. Sadia Rashid, Ch
Published 25 Feb, 2017 12:00am
Islamabad Police decide to extend search operation to rural areas

Islamabad Police decide to extend search operation to rural areas

Islamabad police on Friday decided to extend search operation to the rural areas of the federal capital and cancelled holidays of police personnel to ensure foolproof security in the city. A senior official said the decision to this effect was taken at a
Published 25 Feb, 2017 12:00am
'Pak-Turk schools shouldn't be handed over to Al-Maarif Foundation'

'Pak-Turk schools shouldn't be handed over to Al-Maarif Foundation'

A group calling itself the Pak-Turk International Schools and Colleges Parent-Teacher Association demanded on Friday that schools should not be handed over to the Al-Maarif Foundation. Qadeer Hussain Khan said this while addressing a press conference alon
Published 25 Feb, 2017 12:00am
Model Town incident: LHC suspends ATC court decision

Model Town incident: LHC suspends ATC court decision

A division bench of the Lahore High Court (LHC) on Friday suspended an order of an anti-terrorism court wherein provisions of terrorism were ordered to be removed from Model Town incident case against workers of the Pakistan Awami Tehreek (PAT). The bench
Published 25 Feb, 2017 12:00am
Government urged to pay rebate on export of surplus wheat

Government urged to pay rebate on export of surplus wheat

The business community of Southern Punjab urged the government to pay rebate on the export of surplus wheat to ensure the disposal of stock before the coming wheat season otherwise there would be no space to store the wheat in the country. Pakistan Flour
Published 25 Feb, 2017 12:00am
Power shutdown notice for Peshawar, Haripur, Kohat

Power shutdown notice for Peshawar, Haripur, Kohat

Power supply from 132 KV Peshawar Fort Grid Station will remain suspended due to maintenance work on February 25 and 26, 2017 from 8:00 am to 6:00 pm resultantly consumers of 11 KV Bashirabad, Jail Express, Shahi Bagh feeders will face inconvenience.
Published 25 Feb, 2017 12:00am
Military courts: government fails to get PTI, PPPP support

Military courts: government fails to get PTI, PPPP support

The government on Friday has failed once again to garner support of Pakistan Peoples Party Parliamentarians (PPPP) and Pakistan Tehreek-e-Insaf (PTI) on the proposed draft to revive special military courts for trying civilians charged with terrorism, pote
Published 25 Feb, 2017 12:00am
Workshop

Workshop

The Tourism Corporation Khyber Pakhtunkhwa (TCKP) and the Astognah Creators jointly organised a workshop on the best "Gardens & Gardening" at Nishtar Hall.
Published 25 Feb, 2017 12:00am
FESCO's BoDs meeting held

FESCO's BoDs meeting held

A meeting of Faisalabad Electric Supply Company (FESCO) Board of Directors (BODS) held here at FESCO Headquarters under the chair of Chairman Board Khurram Mukhtar. Board unanimously approved the shifting of LT & HT electricity lines passing through roofs
Published 25 Feb, 2017 12:00am
Mobile phone imports register over 20 percent increase in January

Mobile phone imports register over 20 percent increase in January

Mobile phone imports in Pakistan registered massive increase of over 20 percent in the month of January 2017 as compared to the same period of the last year ie January 2016. However, mobile phone imports registered decline of over 7 percent in the first s
Published 25 Feb, 2017 12:00am
P&D approves Rs 964 million for renovation of Lahore Fort

P&D approves Rs 964 million for renovation of Lahore Fort

Planning and Development (P&D) department has approved Rs 964 million for renovation of the Lahore Fort. A meeting of the Provincial Development Working Committee discussed in detail various components of the project and accordingly approved the PC-I for
Published 25 Feb, 2017 12:00am
Nisar for extension of stranded Afghan nationals' visas

Nisar for extension of stranded Afghan nationals' visas

Interior Minister Chaudhry Nisar Ali Khan Friday took notice of problems being faced by Afghan nationals in the wake of closure of Pak-Afghan border, following a series of terror attacks in the country. Nisar directed Regional Passport Office Peshawar to
Published 25 Feb, 2017 12:00am
150,000 tonnes of sugar sold for export

150,000 tonnes of sugar sold for export

Producers have sold at least 150,000 tonnes of sugar for export since late January after the government allowed sales abroad, traders said on Friday. The sales have mostly been to neighbouring Afghanistan but also to buyers in Saudi Arabia and elsewhere i
Published 25 Feb, 2017 12:00am
Rs 6 billion funds allocated for drainage projects in Lahore

Rs 6 billion funds allocated for drainage projects in Lahore

A fund of Rs 6 billion has been allocated for drainage projects in the city and PCC pipes would be laid down in 13 constituencies of the city under the project, said sources. Sources said the initiative has been taken on special direction from the Chief M
Published 25 Feb, 2017 12:00am
Pakistan wants to contribute to Afghan development: PM

Pakistan wants to contribute to Afghan development: PM

Prime Minister Nawaz Sharif Friday said that Pakistan was a well-wisher of Afghanistan and always desired its peace and stability besides wanting to contribute for country's development. "Afghanistan should realise that Pakistan is its well-wisher," he sa
Published 25 Feb, 2017 12:00am
Bilawal felicitates PLU on winning PQA's CBA referendum

Bilawal felicitates PLU on winning PQA's CBA referendum

Chairman Pakistan Peoples Party (PPP), Bilawal Bhutto Zardari, has felicitated the Peoples Labour Union (PLU) over its victory in referendum for Port Qasim Authority (PQA) Collective Bargaining Agent (CBA). A Bilawal House Media Cell statement here on Fri
Published 25 Feb, 2017 12:00am
Pathological lab to be established at Jinnah Hospital

Pathological lab to be established at Jinnah Hospital

A state-of-the-art pathological lab will be established at Jinnah Hospital under public-private partnership (PPP) to provide best quality of diagnostic facilities to the people while other hospitals will also be attached to this lab. Secretary Specialised
Published 25 Feb, 2017 12:00am
Stakeholders stress economic security for journalists

Stakeholders stress economic security for journalists

As many as 105 journalists lost their lives in the line of duty in six years in Pakistan (2010-16) that has been regarded as one of the most dangerous countries for the media persons. The state and media industry need to come together to take steps on war
Published 25 Feb, 2017 12:00am
ADB delegation visits Fesco headquarters

ADB delegation visits Fesco headquarters

A delegation of Asian Development Bank (ADB) headed by Country Director Donath Walton visited the Faisalabad Electric Supply Company (FESCO) Headquarters here on Friday. Delegation reviewed the different electricity projects being completed with support o
Published 25 Feb, 2017 12:00am
ADB delegation visits Fesco headquarters

ADB delegation visits Fesco headquarters

A delegation of Asian Development Bank (ADB) headed by Country Director Donath Walton visited the Faisalabad Electric Supply Company (FESCO) Headquarters here on Friday. Delegation reviewed the different electricity projects being completed with support o
Published 25 Feb, 2017 12:00am
'Export target can't be achieved under present economic trends'

'Export target can't be achieved under present economic trends'

President of Pakistan Tehreek Insaf (PTI) Balochistan women wing, Fehmida Jamali is not optimistic that Pakistan would be able to achieve exports of $35 billion by 2018, stressing that the global economic slowdown and failure of Trade Development Authorit
Published 25 Feb, 2017 12:00am
KP government starts IT labs in schools for girls

KP government starts IT labs in schools for girls

In an effort to eliminate unemployment and poverty in the Khyber Pakhtunkhwa, the Government of Khyber Pakhtunkhwa Elementary and Secondary Education (E&SE) Department, along with the Directorate of IT has taken an additional significant step to prioritie
Published 25 Feb, 2017 12:00am
OPC, LDA join hands to resolve expatriates' issues

OPC, LDA join hands to resolve expatriates' issues

The Overseas Pakistanis Commission (OPC) and the Lahore Development Authority (LDA) have joined hands to jointly resolve the issues being faced by the expatriates pertaining to property. A meeting to review the resolution mechanism of the complaints of ex
Published 25 Feb, 2017 12:00am
Transfers, postings in FBR

Transfers, postings in FBR

Federal Board of Revenue (FBR) has made transfers/ postings of eight officers of Pakistan Customs Service (BS-19-20) with immediate effect and until further orders.
Published 25 Feb, 2017 12:00am
Child labour: Shahbaz, UK minister decide to enhance cooperation

Child labour: Shahbaz, UK minister decide to enhance cooperation

UK Minister for International Development Priti Patel called on Punjab Chief Minister Shahbaz Sharif here Friday and discussed the enhancement of bilateral cooperation in education, health, skill development and other sectors. During the meeting it was al
Published 25 Feb, 2017 12:00am
LLF begins today

LLF begins today

The fifth home edition of the annual Lahore Literary Festival (LLF) takes place on Saturday (today), at local hotel. Originally programmed as a three-day event, LLF 2017 has been revised into a single-day, free festival at the historic hotel. "The revised
Published 25 Feb, 2017 12:00am
Saad visits Lahore's blast site

Saad visits Lahore's blast site

Federal Minister for Railways Khawaja Saad Rafique on Friday visited the defence blast side along with senior police officers, who briefed him about the initial results of investigation. Speaking on the occasion, the Federal Minister claimed that the gove
Published 25 Feb, 2017 12:00am
SME Bank welcomes LCCI's proposals

SME Bank welcomes LCCI's proposals

SME Bank is ready to provide all types of facilitation to the small and medium enterprises and it will also welcome the Lahore Chamber of Commerce and Industry's proposals in this regard. President SME Bank Ihsan-ul-Haq Khan stated this while talking to L
Published 25 Feb, 2017 12:00am
PSQCA launches crackdown on uncertified bottled-water makers

PSQCA launches crackdown on uncertified bottled-water makers

Pakistan Standard & Quality Control Authority (PSQCA) has launched a crackdown against the sub-standard and uncertified manufacturers of bottled water and in this connection two manufacturing units have been sealed with immediate effect.
Published 25 Feb, 2017 12:00am
PPDWP approves five uplift schemes

PPDWP approves five uplift schemes

The Punjab Provincial Development Working Party (PPDWP) has accorded approval to five development schemes of various sectors with an estimated cost of Rs 3045.869 million. These schemes were approved in the 56th meeting of PPDWP of current fiscal year 201
Published 25 Feb, 2017 12:00am
Six terrorists killed in 'shootout' with CTD police

Six terrorists killed in 'shootout' with CTD police

Six suspected terrorists were killed in a gun-battle with police in Muzaffargarh district, said the Counter Terror­ism Department (CTD) of Punjab police early on Friday. A spokesman of the CTD said that a team of the CTD Multan raided a hideout of militan
Published 25 Feb, 2017 12:00am
Marble, granite giving boost to Faisalabad market

Marble, granite giving boost to Faisalabad market

Use of marble, granite and other ornamental stones in construction has paved way for the expeditious development of stone market in Faisalabad, said Mian Muhammad Adrees Chairman Faisalabad Industrial Estate Development and Management Company (FIEDMC). In
Published 25 Feb, 2017 12:00am
PU teachers protest over 'illegal' appointment

PU teachers protest over 'illegal' appointment

Punjab University Institute of Geology senior teachers addressed a press conference against vice chancellor Dr Zafar Mueen Nasir and Registrar Dr Naeem Khan for the illegal appointment of new director at the Institute of Geology in sheer violation of the
Published 25 Feb, 2017 12:00am
Total Parco inaugurates T-Air design petrol pump in Lahore

Total Parco inaugurates T-Air design petrol pump in Lahore

Total Parco Pakistan unveiled its new retail station design (T-AIR) on Zahoor Elahi Road-Lahore, at a ceremony held on the premises of Total Parco Royal Filling Station. The new-look, ultra-modern design petrol station promises a warm welcome, highest lev
Published 25 Feb, 2017 12:00am
144 imposed within FUUAST premises

144 imposed within FUUAST premises

Section 144 has been imposed within the premises of Gulshan-e-Iqbal Campus and Maulvi Abdul Haq Campus of Federal Urdu University. University spokesman said that all kinds of gatherings and functions have been banned for an indefinite period. The spokesma
Published 25 Feb, 2017 12:00am
Two die in Cessna crash

Two die in Cessna crash

Cessna Aircraft of Shaheen Air flying training school Faisalabad on Friday noon crashed soon after takeoff. According to the CAA, at around 1240 hours, Cessna Aircraft of Shaheen Air flying training school crashed soon after takeoff. The rescue and fire f
Published 25 Feb, 2017 12:00am
Bank Alfalah posts Rs 7.9 billion profit after tax

Bank Alfalah posts Rs 7.9 billion profit after tax

Bank Alfalah has announced its financial results for the year ended 31 December 2016, with the bank registering profit after tax of Rs 7.9 billion in December 2016 as against Rs 7.5 billion in December 2015, improving by 5 percent. Earnings per share were
Published 25 Feb, 2017 12:00am
Bank Alfalah posts Rs 7.9 billion profit after tax

Bank Alfalah posts Rs 7.9 billion profit after tax

Bank Alfalah has announced its financial results for the year ended 31 December 2016, with the bank registering profit after tax of Rs 7.9 billion in December 2016 as against Rs 7.5 billion in December 2015, improving by 5 percent. Earnings per share were
Published 25 Feb, 2017 12:00am
BMG, KCCI grieved over death of Paracha

BMG, KCCI grieved over death of Paracha

The leadership of Businessmen Group (BMG) & Office Bearers of the Karachi Chamber of Commerce & Industry (KCCI) have expressed deep grief and sorrow on sad demise of Moazzam Hayat Paracha, who lost his life in a mysterious blast in Defense Z Block, Lahore
Published 25 Feb, 2017 12:00am
Pakistan will achieve success in Radd-ul-Fasaad: Zardari

Pakistan will achieve success in Radd-ul-Fasaad: Zardari

Co-chairman of Pakistan Peoples Party (PPP) Asif Ali Zardari has said that the country will achieve success in Operation Radd-ul-Fasaad against terrorists. He made the statement while meeting Opposition leader in National Assembly Syed Khursheed Ahmed Sha
Published 25 Feb, 2017 12:00am
Karachi Mayor allowed to travel abroad

Karachi Mayor allowed to travel abroad

Anti-Terrorism Court (ATC) on Friday permitted Karachi Mayor Waseem Akhtar to fly abroad and ordered authorities to return his passport over surety bond of Rs 20 lacs. According to details, the court heard a plea filed by Waseem Akhtar seeking permission
Published 25 Feb, 2017 12:00am
Heroin worth Rs 10 million seized

Heroin worth Rs 10 million seized

Model Collectorate of Customs (MCC), Preventive on Friday claimed to have confiscated fine quality of heroin worth Rs 10 million from Colombo bound passenger. According to details, the staff posted at the departure hall of Karachi airport intercepted a pa
Published 25 Feb, 2017 12:00am
Qazi Shahid new Sindh Home Secretary

Qazi Shahid new Sindh Home Secretary

The Sindh Home Department has notified that an officer of Pakistan Administrative Service (BS-20) Qazi Shahid Pervez has assumed the charge of the post of Secretary Home Sindh on February 21, 2017. This was announced in an official statement on Friday.
Published 25 Feb, 2017 12:00am
Sindh CM, Corps Commander decide to intensify crackdown on terrorists

Sindh CM, Corps Commander decide to intensify crackdown on terrorists

Chief Minister of Sindh Syed Murad Ali Shah and Corps Commander Karachi Lieutenant General Shahid Baig Mirza decided on Friday to further intensify the crackdown against terrorists, their facilitators and against the drug mafia who were trying to create l
Published 25 Feb, 2017 12:00am
IMC earns Rs 6.1 billion profit after tax

IMC earns Rs 6.1 billion profit after tax

Indus Motor Company Limited (IMC) held its Board of Directors (BoD) meeting on Friday. The company's financial and operating performance for the 6-month period ending December 31, 2016 was reviewed. Various gains resulting from improvements in production,
Published 25 Feb, 2017 12:00am
IMC earns Rs 6.1 billion profit after tax

IMC earns Rs 6.1 billion profit after tax

Indus Motor Company Limited (IMC) held its Board of Directors (BoD) meeting on Friday. The company's financial and operating performance for the 6-month period ending December 31, 2016 was reviewed. Various gains resulting from improvements in production,
Published 25 Feb, 2017 12:00am
Seafood export grows by 11 percent

Seafood export grows by 11 percent

Despite a winter slowdown in fishing, the country fetched $210.664 million of seafood export during July-January 2017, harbour officials said on Friday. Seafood export grows by 11 percent or $20.184 million in July-January 2017 from $190.480 million in Ju
Published 25 Feb, 2017 12:00am
Label Chamber suggests steps to stop exports' downward trend

Label Chamber suggests steps to stop exports' downward trend

President of the Lasbela Chamber of Commerce and Industry (LCCI), Ismail Suttar, has suggested some measures that the government can take to stop the downward trend in exports and increase them. Expressing his concern over the alarmingly lost about $4 bil
Published 25 Feb, 2017 12:00am
Islamic Finance Centre successfully disburses finances of Rs 14 million

Islamic Finance Centre successfully disburses finances of Rs 14 million

The recently established Islamic Finance Center has disbursed finances worth Rs 14 million to common people in first two months. The financing was made under Ijarah mode of Islamic financing for purchase of motorcycles and other products. The SECP Chairma
Published 25 Feb, 2017 12:00am
First batch of 22 lady officers earn PARA wings

First batch of 22 lady officers earn PARA wings

A batch of 22 lady officers and 39 male officers and airmen successfully completed their basic airborne training at the Pakistan Air Force (PAF) Academy Risalpur on Friday. The wing award ceremony of 26th Basic Airborne course, conducted by PAF's PARA Tra
Published 25 Feb, 2017 12:00am
KP constitutes panel for public safety commission

KP constitutes panel for public safety commission

In pursuance of Khyber Pakhtunkhwa Police Ordinance 2016, the provincial government has constituted Scrutiny Committee comprising Justice Syed Afsar Shah, Judge Peshawar High Court Nazim, District Govt Peshawar, Fida Wazir, Additional Chief Secretary, FAT
Published 25 Feb, 2017 12:00am
IT firm suggests tax survey

IT firm suggests tax survey

An information technology (IT) firm has offered Federal Board of Revenue (FBR) to carry out a national tax survey to register new retailers, retail companies and unregistered retail outlets with the FBR under government policy to expand the tax net.
Published 25 Feb, 2017 12:00am
LPG prices increased by Rs 10 per domestic cylinder

LPG prices increased by Rs 10 per domestic cylinder

The Oil and Gas Regulatory Authority (OGRA) increased prices of liquefied petroleum gas (LPG) on Friday at the rate of Rs 10 per domestic cylinder. According to an OGRA notification, the new price for 11.8-kg domestic cylinder is now Rs 910. The producer
Published 25 Feb, 2017 12:00am
FBR to pursue input tax adjustment cases in high courts

FBR to pursue input tax adjustment cases in high courts

The Federal Board of Revenue (FBR) has directed field formations to strongly pursue cases of input tax adjustment on packing material to exporters in high courts and get the stay vacated for recovery of input tax adjusted on account of tax paid on purchas
Published 25 Feb, 2017 12:00am
CM KP sets timeline for rapid bus transit

CM KP sets timeline for rapid bus transit

Chief Minister Khyber Pakhtunkhwa, Pervez Khattak has given a time line for the different packages of the rapid bus transit Peshawar. He directed the concerned to fulfil all requirements for the rapid bus transit project and expedite the completion of pro
Published 25 Feb, 2017 12:00am
SECP harassing stock brokers, says Mandviwalla

SECP harassing stock brokers, says Mandviwalla

Senate Standing committee on Finance and Revenue Chairman Senator Saleem Mandviwalla Friday criticized the recent move of the Securities and Exchange Commission of Pakistan (SECP) against the stock brokers of Pakistan Stock Exchange (PSX). In a statement,
Published 25 Feb, 2017 12:00am
Zardari condoles Mian Khalid's death

Zardari condoles Mian Khalid's death

Former President of Pakistan and President Pakistan People's Party Parliamentarians Asif Ali Zardari has expressed condolence over the death of Party ticket holder from constituency 122 Lahore Mian Khalid Saeed who passed away in Lahore on Friday after su
Published 25 Feb, 2017 12:00am
Brazil soyabean crop seen at record 104.7 million tonnes

Brazil soyabean crop seen at record 104.7 million tonnes

Brazil's 2016-17 soyabean crop will reach a record 104.7 million tonnes, favoured by good weather as the harvest gains pace in important growing regions, according to an average of 19 analysts and groups polled by Reuters on Wednesday. The latest estimate
Published 25 Feb, 2017 12:00am
Gold hits 3-1/2-month high in Europe

Gold hits 3-1/2-month high in Europe

Gold hit its highest in 3-1/2 months on Friday as the dollar hit a one week low after the new US finance chief poured cold water on the "Trumpflation trade" that had boosted the greenback this year. Treasury Secretary Steven Mnuchin said on Thursday that
Published 25 Feb, 2017 12:00am
Gold climbs in Asia

Gold climbs in Asia

Gold hit its highest in about 3-1/2-months on Friday, on a weaker dollar and as uncertainties surrounding US President Donald Trump's policies and elections in Europe fueled safe-haven demand. Spot gold was up 0.4 percent at $1,254.10 per ounce at 0809 GM
Published 25 Feb, 2017 12:00am
Gold jumps in New York

Gold jumps in New York

Gold prices rose 1 percent to a 3-1/2-month high on Thursday after minutes from the latest Federal Reserve policy meeting further dampened expectations for an interest rate hike in March, lowering US bond yields and pressuring the dollar. Spot gold was on
Published 25 Feb, 2017 12:00am
Cocoa down on Ivorian oversupply, raw sugar at seven-week low

Cocoa down on Ivorian oversupply, raw sugar at seven-week low

Cocoa futures eased on Friday, pressured by enduring worries about oversupply in top grower Ivory Coast, while raw sugar fell to its weakest in nearly two months on weak technicals. May New York cocoa was down $21, or 1 percent, at $2,005 a tonne by 1519
Published 25 Feb, 2017 12:00am
Malaysian palm oil recovers on better demand

Malaysian palm oil recovers on better demand

Malaysian palm oil futures recovered in late trade on Friday on forecasts of stronger export data and short-covering ahead of the weekend. Benchmark palm oil futures for May on the Bursa Malaysia Derivatives Exchange rose 0.9 percent to 2,806 ringgit ($63
Published 25 Feb, 2017 12:00am
Rubber extends decline

Rubber extends decline

Benchmark Tokyo rubber futures fell for an eighth straight session on Friday, marking their longest losing streak in three years, pressured by declining Shanghai futures. The Tokyo Commodity Exchange rubber contract for August delivery finished 2.3 yen, o
Published 25 Feb, 2017 12:00am
Copper recovers some lost ground but demand concerns weigh

Copper recovers some lost ground but demand concerns weigh

Copper clawed back some of the previous session's hefty losses on Friday as supply disruptions in Chile and Indonesia lent support, but still posted a second straight weekly drop as concerns over the demand outlook weighed. The metal used in construction
Published 25 Feb, 2017 12:00am
Shanghai copper down

Shanghai copper down

The most-traded copper contract on the Shanghai Futures Exchange was down 1.67 percent at 47,760 yuan ($6,950) a tonne on Friday. The contract dipped by as much as 2.9 percent at the open. Lead and zinc were each up about 1 percent after closing lower ove
Published 25 Feb, 2017 12:00am
Victory for May as Labour suffers historic defeat

Victory for May as Labour suffers historic defeat

Britain's main opposition Labour Party defeated UKIP's leader in a Brexit bastion, but in a second by-election suffered a landmark defeat to Prime Minister Theresa May's governing Conservatives on Friday. The results saw the Brexit-championing UK Independ
Published 25 Feb, 2017 12:00am
Suicide bomber kills 51 near Syria town taken from IS

Suicide bomber kills 51 near Syria town taken from IS

A suicide bomber attacked Turkish-backed rebels outside the Syrian town of Al-Bab Friday, killing 51 people in a major blow just hours after they hailed its capture from the Islamic State group. The bomber blew up a vehicle packed with explosives outside
Published 25 Feb, 2017 12:00am
Russia will veto Syria sanctions over chemical weapons

Russia will veto Syria sanctions over chemical weapons

Russia said Friday it will use its veto to block a proposed UN resolution drafted by the United States, France and Britain that would impose sanctions on Syria for the use of chemical weapons. "I just explained our position very clearly to our partners. I
Published 25 Feb, 2017 12:00am
Kansas man charged in shooting of two Indians in possible hate crime

Kansas man charged in shooting of two Indians in possible hate crime

A Kansas man has been charged with killing an Indian software engineer and wounding two other men when he opened fire in a bar in what federal authorities probed on Friday as a possible hate crime that shocked the victim's home country. The shooting led n
Published 25 Feb, 2017 12:00am
South African police fire rubber bullets at anti-immigrant march

South African police fire rubber bullets at anti-immigrant march

South African police fired rubber bullets, tear gas and stun grenades to break up clashes between local protesters and immigrants in Pretoria on Friday at a march against foreigners. Shops and homes owned by migrants have been looted and torched over the
Published 25 Feb, 2017 12:00am
Jordan warplane crashes in Saudi Arabia, pilot survives

Jordan warplane crashes in Saudi Arabia, pilot survives

A Jordanian F-16 warplane crashed in Saudi Arabia on Friday but its pilot survived, the Saudi-led military coalition fighting Shiite Huthi rebels in neighbouring Yemen said. "Technical reasons" caused the crash of the US-built aircraft in the Najran distr
Published 25 Feb, 2017 12:00am
Russian cargo ship docks with space station

Russian cargo ship docks with space station

A Russian cargo ship carrying food and equipment for astronauts docked successfully with the International Space Station on Friday after a similar craft crashed back to Earth in December. Russia's space agency said the unmanned Progress freighter carrying
Published 25 Feb, 2017 12:00am
Trump badmouths Sweden, Germany, Paris

Trump badmouths Sweden, Germany, Paris

US President Donald Trump intensified his verbal attacks on Sweden, France and Germany Friday, painting swaths of Europe as a jihadist-infested hellscape. Firing-up victory-drunk conservatives at a rally outside Washington, Trump trashed long-time allies
Published 25 Feb, 2017 12:00am
Iran complying with nuclear deal: watchdog

Iran complying with nuclear deal: watchdog

Iran is complying with the landmark nuclear deal it sealed with major world powers in 2015, according to a report from the UN watchdog seen by AFP on Friday. The International Atomic Energy Agency addressed key limits set under the agreement, which is und
Published 25 Feb, 2017 12:00am
Yemen fighting and suicide bomb kill 48

Yemen fighting and suicide bomb kill 48

A suicide bomber killed eight people at a Yemeni army base Friday as clashes between pro-government forces and Huthi rebels left 35 dead and five civilians died in shelling, security and local officials said. The bomber blew up his vehicle at the entrance
Published 25 Feb, 2017 12:00am
North Korea steps up sanctions-busting: UN report
Currency

North Korea steps up sanctions-busting: UN report

North Korea is flouting tougher new UN sanctions with more ingenuous tactics, circumventing trade bans by relying on middlemen and front companies, notably in Malaysia and China, a report by UN sanctions experts says. The 100-page report, obtained by AFP,
Published 25 Feb, 2017 12:00am
Belgium to offer terror attack victims special help

Belgium to offer terror attack victims special help

Belgium's government approved special help for terror victims Friday, as the country prepares to mark the first anniversary of deadly Islamic State-claimed attacks in Brussels which killed 32 people. Under the proposed "national solidarity" law, victims w
Published 25 Feb, 2017 12:00am
Israel to deny Human Rights Watch visas over 'bias'

Israel to deny Human Rights Watch visas over 'bias'

Israel will stop issuing work visas to Human Rights Watch foreign staff, the NGO said Friday, with the Jewish state accusing the group of being "fundamentally biased" against it. The New York-based watchdog, which has written critical reports about the Is
Published 25 Feb, 2017 12:00am
Aid donors pledge $672 million to prevent Lake Chad famine

Aid donors pledge $672 million to prevent Lake Chad famine

Donor countries on Friday pledged $672 million in emergency aid for people threatened by famine after eight years of Boko Haram violence in the Lake Chad region, but the sum is just a fraction of what the UN says is needed. Fourteen countries meeting in O
Published 25 Feb, 2017 12:00am
O'Keefe, Smith flatten India in first Test

O'Keefe, Smith flatten India in first Test

Australian spinner Steve O'Keefe Friday said he expected India to come back fighting after his career-best haul of 6-35 left the hosts on the ropes in the first Test in Pune. An unbeaten half century from skipper Steve Smith helped the tourists reach 143-
Published 25 Feb, 2017 12:00am
Ferrari unveil new F1 car to rival Mercedes

Ferrari unveil new F1 car to rival Mercedes

Ferrari unveiled a faster and visibly changed new single seater car on Friday in which Sebastian Vettel and Kimi Raikkonen will bid to rival Mercedes next season. The Italian constructor struggled last season finishing behind Mercedes and Red Bull in the
Published 25 Feb, 2017 12:00am
Del Potro books quarter-final clash with Querrey

Del Potro books quarter-final clash with Querrey

Juan Martin Del Potro turned back a challenge by Damir Dzumhur Thursday to book a quarter-final clash with defending champion Sam Querrey at the ATP Delray Beach Open. Argentina's Del Potro, the 2011 Delray Beach champion playing just his second match of
Published 25 Feb, 2017 12:00am
Barcelona launch major academy in China

Barcelona launch major academy in China

Ronaldinho launched a Barcelona academy for about 1,000 students in China on Friday as the world's most populous nation pursues its grand ambitions in the world's most popular sport. The Barcelona and Brazil great and club president Josep Maria Bartomeu m
Published 25 Feb, 2017 12:00am
PSL final to be held in Lahore: Berjees Tahir

PSL final to be held in Lahore: Berjees Tahir

The final of Pakistan Super League (PSL) would be held in Lahore at every cost and the people would witness the match in a large number to give the message to the world that Pakistanis are peace loving nation, Federal Minister for Kashmir Affairs, said.
Published 25 Feb, 2017 12:00am
Aibak Polo Cup: Ittehad Textiles, Master Paints/Newage post wins

Aibak Polo Cup: Ittehad Textiles, Master Paints/Newage post wins

Ittehad Textiles and Master Paints/Newage qualified for the Hamdan Holdings Aibak Polo Cup 2017 main final after defeating their respective opponents here at the Lahore Polo Club on Friday. The first encounter of the day was played between Master Paints (
Published 25 Feb, 2017 12:00am
Morkel back for South African Test

Morkel back for South African Test

Fast bowler Morne Morkel has been included in South Africa's squad for three Test matches in New Zealand starting on March 8. Morkel, 32, last played in an international match in June and since then has struggled with a persistent back injury which threat
Published 25 Feb, 2017 12:00am
Leicester sack Ranieri nine months after stunning triumph

Leicester sack Ranieri nine months after stunning triumph

Premier League champions Leicester City sacked Italian manager Claudio Ranieri on Thursday, nine months after he clinched one of soccer's most remarkable triumphs but with the team now hovering above the relegation zone. Ranieri's side stunned the sportin
Published 25 Feb, 2017 12:00am
United draw delights Rostov in Europa League last-16

United draw delights Rostov in Europa League last-16

Favourites Manchester United were drawn on Friday to face faraway Russian outfit Rostov, who unlike Jose Mourinho were delighted with the Europa League last-16 tie. Mourinho's side beat French club Saint-Etienne 4-0 on aggregate in the last 32 and the Eng
Published 25 Feb, 2017 12:00am
Wozniacki moves into second straight WTA final

Wozniacki moves into second straight WTA final

Caroline Wozniacki reached her second final in as many weeks on Friday as she beat Anastasija Sevastova 6-3, 6-4 at the Dubai Tennis Championships. Denmark's former world number one, currently 15th, took just 90 minutes to beat her Latvian opponent and mo
Published 25 Feb, 2017 12:00am
Aussie, kiwi ease
Currency

Aussie, kiwi ease

The Australian and New Zealand dollars took a breather on Friday against their US counterpart after running into light profit-taking, while staying on track for solid weekly gains versus the euro. The Australian dollar eased to $0.7712, from a three-month
Published 25 Feb, 2017 12:00am
Sterling dips at end of strongest week since January

Sterling dips at end of strongest week since January

Sterling slid from a 2-week high to the dollar on Friday but was still on track for its strongest weekly showing in a month as concerns about politics in the United States and Europe took investors' focus off immediate Brexit worries. Besides the Brexit b
Published 25 Feb, 2017 12:00am
Asian currencies up; won scales four-month high
Currency

Asian currencies up; won scales four-month high

Asian currencies edged higher on Friday, with the South Korean won hitting a four-month high, as uncertainty over details of the Trump administration's tax reform plan weighed on the dollar. The Chinese yuan edged up 0.1 percent against the greenback, sho
Published 25 Feb, 2017 12:00am
China's yuan surges

China's yuan surges

China's yuan firmed against the US dollar on Friday, after the central bank set a stronger midpoint, and was on track to end the week virtually flat as traders hunted for clues where it will move. The People's Bank of China set the midpoint rate at 6.8655
Published 25 Feb, 2017 12:00am
Dollar dips against basket of currencies in New York
Currency

Dollar dips against basket of currencies in New York

The US dollar fell against a basket of major currencies on Thursday on a perceived lack of progress on US tax reform, while Wednesday's more dovish-than-expected Federal Reserve meeting minutes continued to weigh on the greenback. The dollar fell as much
Published 25 Feb, 2017 12:00am
Dollar down in Europe as 'Trumpflation trade' fades
Currency

Dollar down in Europe as 'Trumpflation trade' fades

The dollar hit a one-week low on Friday and was set for its first week of falls in three, as the "Trumpflation trade" that took the greenback to 14-year highs earlier this year faded, and as worries over France's presidential election eased. The euro, mea
Published 25 Feb, 2017 12:00am
Dollar recovers in Asia

Dollar recovers in Asia

The dollar clawed back some ground on Friday after skidding to a two-week low against the yen, but was still on track for weekly losses after the Federal Reserve meeting minutes disappointed dollar bulls. The greenback inched 0.1 percent higher to 112.76
Published 25 Feb, 2017 12:00am
FTSE posts first weekly loss in a month on weak banks and miners

FTSE posts first weekly loss in a month on weak banks and miners

Britain's top share index hit a two-week low on Friday and ended a run of three straight weeks of gains, with lenders Standard Chartered and RBS among the biggest fallers. The blue-chip FTSE 100 index closed 0.4 percent down, having touched its lowest sin
Published 25 Feb, 2017 12:00am
SE Asian stocks lower
Currency

SE Asian stocks lower

Southeast Asian stock markets, except Indonesia, closed lower on Friday, with investor sentiment in export-reliant Asian economies jittery as US President Donald Trump again accused China of being a currency manipulator. In an exclusive interview with Reu
Published 25 Feb, 2017 12:00am
Australian and New Zealand shares end lower

Australian and New Zealand shares end lower

Australian shares finished lower on Friday, as sliding iron ore and copper prices dragged down the materials sector. The S&P/ASX 200 index ended down 0.8 percent, or 45.66 points, at 5,739 by the close of trade. The benchmark was off 0.4 percent on Thursd
Published 25 Feb, 2017 12:00am
European shares close at three-week low as banks, miners wobble
Currency

European shares close at three-week low as banks, miners wobble

European shares dropped on Friday with banks and miners falling as a raft of disappointing earnings updates and political worries dented sentiment. The STOXX 600 was down 0.8 percent at its close, erasing gains made earlier in the week and snapping a two-
Published 25 Feb, 2017 12:00am
China stocks up for third week as risk appetite improves

China stocks up for third week as risk appetite improves

China stocks were largely unchanged on Friday, reversing earlier losses, as reform hopes underpinned the market, with the main indexes up for the third straight week thanks to improving risk appetite. The blue-chip CSI300 index was unchanged at 3,473.85 p
Published 25 Feb, 2017 12:00am
Biggest weekly fall in German two-year bond yields since 2011

Biggest weekly fall in German two-year bond yields since 2011

German short-dated government bond yields fell to record lows on Friday, recording their biggest weekly drop since 2011. The European Central Bank's bond-buying programme and speculation that it will buy more shorter-dated debt for the scheme have helped
Published 25 Feb, 2017 12:00am
Biggest weekly fall in German two-year bond yields since 2011

Biggest weekly fall in German two-year bond yields since 2011

German short-dated government bond yields fell to record lows on Friday, recording their biggest weekly drop since 2011. The European Central Bank's bond-buying programme and speculation that it will buy more shorter-dated debt for the scheme have helped
Published 25 Feb, 2017 12:00am
Treasury debt yields fall

Treasury debt yields fall

US Treasury debt yields fell on Thursday as investors fretted about the lack of clarity in the Trump administration's policies and doubted whether its proposed reforms would have as big an impact as many initially thought they would. "There are more quest
Published 25 Feb, 2017 12:00am
Treasury debt yields fall

Treasury debt yields fall

US Treasury debt yields fell on Thursday as investors fretted about the lack of clarity in the Trump administration's policies and doubted whether its proposed reforms would have as big an impact as many initially thought they would. "There are more quest
Published 25 Feb, 2017 12:00am
Hong Kong stocks slide

Hong Kong stocks slide

Hong Kong stocks fell for a second day on Friday, as resource firms were hit by weak commodities markets in China and a sharp drop in money inflows from Shanghai. The benchmark Hang Seng index dropped 0.6 percent, to 23,965.70, while the Hong Kong China E
Published 25 Feb, 2017 12:00am
US stocks soar; S&P inches up after Trump jobs pledge

US stocks soar; S&P inches up after Trump jobs pledge

US stocks edged higher on Thursday, buoyed by energy stocks and a renewed pledge by President Donald Trump to chief executives of major US companies to bring back millions of jobs to the United States. At a meeting with about two dozen chief executives, T
Published 25 Feb, 2017 12:00am
Friday's early afternoon trade: Dow on track to break 10-day record run

Friday's early afternoon trade: Dow on track to break 10-day record run

The Dow was on track to break its 10-day record-setting streak on Friday, as investors turned cautious after recent comments from Trump administration suggested that pro-growth policies may take longer to be implemented. Wall Street is trading at record l
Published 25 Feb, 2017 12:00am
Tokyo stocks fall as automakers, banks end in the red

Tokyo stocks fall as automakers, banks end in the red

Tokyo stocks lost ground Friday as a strong yen dragged Toyota and other major exporters into negative territory while Japan's big banks also ended the day lower. The benchmark Nikkei 225 closed down for the third day, despite another record close for the
Published 25 Feb, 2017 12:00am
US new home sales rebound; consumer sentiment ebbs

US new home sales rebound; consumer sentiment ebbs

New US single-family home sales rose less than expected in January, likely hurt by flooding in California, but continued to point to a strengthening housing market despite higher prices and mortgage rates. Other data on Friday showed a dip in consumer sen
Published 25 Feb, 2017 12:00am
Standard Chartered reports profit of $409 million

Standard Chartered reports profit of $409 million

Asia-focused bank Standard Chartered on Friday announced it swung back to profitability, after it was able dampen the effect of bad loans. Chief executive Bill Winters described the results as "good progress", but said the figures were still not up to scr
Published 25 Feb, 2017 12:00am
Standard Chartered reports profit of $409 million

Standard Chartered reports profit of $409 million

Asia-focused bank Standard Chartered on Friday announced it swung back to profitability, after it was able dampen the effect of bad loans. Chief executive Bill Winters described the results as "good progress", but said the figures were still not up to scr
Published 25 Feb, 2017 12:00am
Boeing picks UK for first European factory

Boeing picks UK for first European factory

Boeing has chosen to open its first European factory in Britain, the US aircraft giant said Friday, in a boost for UK manufacturing ahead of Brexit. The 20 million-pound ($25-million, 23 million-euros) facility employing 30 people will be in the city of S
Published 25 Feb, 2017 12:00am
Jordanians protest price hikes, demand ouster of government

Jordanians protest price hikes, demand ouster of government

Hundreds of Jordanians protested Friday across the kingdom against the government's decision to impose new taxes on a string of goods and services, calling on the cabinet to resign. The government earlier this month imposed new sales taxes on internet and
Published 25 Feb, 2017 12:00am
Brazil unemployment hits new record high

Brazil unemployment hits new record high

Brazil's unemployment rate hit a new record high of 12.6 percent between November and January, official data showed Friday, despite government assertions of economic recovery. That meant 12.9 million out of work, deepening the sense of crisis for ordinary
Published 25 Feb, 2017 12:00am
China steams past US, France to be Germany's biggest trading partner

China steams past US, France to be Germany's biggest trading partner

China for the first time became Germany's most important trading partner in 2016, overtaking the United States, which fell back to third place behind France, data showed on Friday. German imports from and exports to China rose to 170 billion euros ($180 b
Published 25 Feb, 2017 12:00am
Alphabet accuses Uber of stealing self-driving car technology

Alphabet accuses Uber of stealing self-driving car technology

The race to develop self-driving vehicles took a new turn on Thursday when Google's parent company Alphabet filed a lawsuit against Uber, accusing it of stealing technology. Alphabet contends that a manager at its autonomous car subsidiary Waymo took tech
Published 25 Feb, 2017 12:00am
China names new planning chief, commerce minister
Currency

China names new planning chief, commerce minister

China has appointed a new head for its top economic planning agency and a new commerce minister as part of a reshuffle ahead of a crucial Communist Party meeting later this year. He Lifeng, a vice chairman of the National Development and Reform Commission
Published 25 Feb, 2017 12:00am
Canada's annual inflation hits two-year high

Canada's annual inflation hits two-year high

Canada's annual inflation rate jumped to a stronger-than-expected 2.1 percent in January, its highest for more than two years, government data showed on Friday, bolstering the Canadian dollar. Analysts said that the rise was unlikely to affect the Bank of
Published 25 Feb, 2017 12:00am
CBOT soyabeans futures fall

CBOT soyabeans futures fall

Soyabean futures on the Chicago Board of Trade fell to a three-week low on Wednesday, pressed by technical selling and expectations of a large South American soya harvest, traders said. The CBOT March soyabean contract settled down 3-1/2 cents at $10.22-3
Published 25 Feb, 2017 12:00am
Sluggish business on cotton market
Cotton

Sluggish business on cotton market

The sluggish business was again witnessed on the cotton market on Friday amid short supply of quality lint, dealers said. The official spot rate was unchanged at Rs 6650, they said. In Sindh, seed cotton prices were at Rs 3300-3400, in Punjab phutti rates
Published 25 Feb, 2017 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 188,239 tonnes of cargo comprising 141,186 tonnes of import cargo and 47,053 tonnes of export cargo including 4,010 loaded and empty containers during the last 24 hours ending at 0700 hours on Friday. The total import cargo of 141
Published 25 Feb, 2017 12:00am
Chinese iron ore lower but stays near record high

Chinese iron ore lower but stays near record high

Chinese iron ore futures edged lower on Wednesday but stayed near a record high amid firm demand for high-grade material that has helped push spot prices to a 30-month peak near $100 a tonne. A strong Chinese steel market has spurred a rally in iron ore,
Published 25 Feb, 2017 12:00am
Palm oil prices firm on European vegoils market

Palm oil prices firm on European vegoils market

Palm oil prices on the European vegetable oils market firmed on Wednesday as Malaysian palm oil futures rebounded on bargain buying. Asking prices for palm oil were between $5 and $25 a tonne up from Tuesday after Malaysian palm oil futures closed between
Published 25 Feb, 2017 12:00am
EU wheat prices rise on weaker euro
Currency

EU wheat prices rise on weaker euro

European wheat prices rose on Wednesday, underpinned by an export-boosting fall of the euro to a six-week low against the dollar and technical chart support, traders said. Benchmark May milling wheat on the Paris-based Euronext exchange unofficially close
Published 25 Feb, 2017 12:00am
Canadian canola futures rise

Canadian canola futures rise

ICE Canada canola futures rose on Wednesday, halting a three-day skid, as farmers limited selling to the cash market. March canola gained $1.60 at $518.30 per tonne. Most-active May canola added 90 cents to $523.50 per tonne. March-May canola spread trade
Published 25 Feb, 2017 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Thursday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,134. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 8.21 billion and the number of lots traded was 21,381. Major business was contributed bygo
Published 25 Feb, 2017 12:00am
Asian gasoline crack falls

Asian gasoline crack falls

Asia's gasoline crack fell 18 percent to a two-month low of $8.91 a barrel as heavy stocks in the United States and Europe countered demand in Asia and the Middle East and Africa. US refiners are now cutting output to reverse slumping profit margins due t
Published 25 Feb, 2017 12:00am
Bouygues Telecom returns to profit

Bouygues Telecom returns to profit

Bouygues Telecom said Thursday it had picked up one million new mobile phone customers last year, allowing the French telecom operator to return to profit. Net profit came in at 83 million euros ($87.5 million), after a loss of 59 million euros in 2015. T
Published 25 Feb, 2017 12:00am
Bouygues Telecom returns to profit

Bouygues Telecom returns to profit

Bouygues Telecom said Thursday it had picked up one million new mobile phone customers last year, allowing the French telecom operator to return to profit. Net profit came in at 83 million euros ($87.5 million), after a loss of 59 million euros in 2015. T
Published 25 Feb, 2017 12:00am
Vale announces earnings boost in 2016

Vale announces earnings boost in 2016

Brazil's Vale, the biggest iron ore miner in the world, on Thursday announced a strong earnings boost for the fourth quarter and over 2016 as a whole. The company cited record production and a rally in metals prices. Profits before interest, taxes, deprec
Published 25 Feb, 2017 12:00am
Vale announces earnings boost in 2016

Vale announces earnings boost in 2016

Brazil's Vale, the biggest iron ore miner in the world, on Thursday announced a strong earnings boost for the fourth quarter and over 2016 as a whole. The company cited record production and a rally in metals prices. Profits before interest, taxes, deprec
Published 25 Feb, 2017 12:00am
Bonus squeeze as Europe's investment banks feel investor ire

Bonus squeeze as Europe's investment banks feel investor ire

Most European investment bankers received smaller bonuses in 2016 as their employers cut costs and sought to meet shareholder demands for a greater share of profits. But while bankers' pay has been the target of political and public anger, the financial s
Published 25 Feb, 2017 12:00am
BAE Systems eyes defence spending by Trump

BAE Systems eyes defence spending by Trump

BAE Systems on Thursday delivered an optimistic outlook on government defence spending, in particular by the new US administration led by President Donald Trump. Posting flat annual profits of £913 million ($1.14 billion, 1.1 billion euros) a day after an
Published 25 Feb, 2017 12:00am
Glencore returns to profit, capping turnaround

Glencore returns to profit, capping turnaround

Mining giant Glencore Thursday reported a swing back into profit, completing a dramatic turnaround driven by aggressive cost-cutting and helped by rising commodities prices. The Switzerland-based company posted a 2016 profit of $1.4 billion (1.3 billion e
Published 25 Feb, 2017 12:00am
Glencore returns to profit, capping turnaround

Glencore returns to profit, capping turnaround

Mining giant Glencore Thursday reported a swing back into profit, completing a dramatic turnaround driven by aggressive cost-cutting and helped by rising commodities prices. The Switzerland-based company posted a 2016 profit of $1.4 billion (1.3 billion e
Published 25 Feb, 2017 12:00am
Natural disasters dampen Swiss Re profits

Natural disasters dampen Swiss Re profits

Re-insurance giant Swiss Re reported weaker profits Thursday, hit by payouts for natural disasters including Hurricane Matthew in the United States. Net profit fell 23 percent to $3.5 billion, below analyst expectations. Wildfires in Canada and an earthqu
Published 25 Feb, 2017 12:00am
Natural disasters dampen Swiss Re profits

Natural disasters dampen Swiss Re profits

Re-insurance giant Swiss Re reported weaker profits Thursday, hit by payouts for natural disasters including Hurricane Matthew in the United States. Net profit fell 23 percent to $3.5 billion, below analyst expectations. Wildfires in Canada and an earthqu
Published 25 Feb, 2017 12:00am
Australia Post chief resigns

Australia Post chief resigns

The man credited with saving Australia's government-owned postal service announced his resignation Thursday after a slap down from politicians over his Aus$5.6 million (US$4.3 million) pay packet. Ahmed Fahour said he was stepping down as chief executive
Published 25 Feb, 2017 12:00am
Air New Zealand flies into turbulence

Air New Zealand flies into turbulence

Air New Zealand reported a 24 percent fall in interim net profit Thursday amid increased competition in the domestic aviation market. New Zealand's flag carrier said net profit for the six months to December 31 was NZ$256 million (US$184 million), compare
Published 25 Feb, 2017 12:00am
KARACHI CHRONICLE: Why is basic literacy more important than ever?

KARACHI CHRONICLE: Why is basic literacy more important than ever?

Fourteen-year-old Asim was back selling vegetables at his family-owned shop after an absence of a whole year. It was a sight for sore eyes. There he sat boastfully reading the headlines from an Urdu newspaper to the chicken seller who shares shop space. A
Published 25 Feb, 2017 12:00am
The biggest players today on Wall Street? Algorithms

The biggest players today on Wall Street? Algorithms

They are agnostic on market direction, but ubiquitous in markets. Firms like Goldman Sachs and Morgan Stanley may get the headlines, but algorithms are the real force today on Wall Street. The mysterious programs were at the center of the so-called "Flash
Published 25 Feb, 2017 12:00am
ART FACTS: Unspoken words

ART FACTS: Unspoken words

Inspired by Mughal era both artists Atif Khan and Asif Ahmed presented different perspectives of our society through their works in a two-person exhibition titled "Silent Conversation" at Art Chowk Gallery, Karachi. Just like unspoken words the works of t
Published 25 Feb, 2017 12:00am
SPF is best way to communicate sunscreen effectiveness

SPF is best way to communicate sunscreen effectiveness

Even dermatologists are best able to compare the effectiveness of sunscreens when presented with SPF values, a recent study suggests. The doctors tended to underestimate the effectiveness of sunscreens when they were presented with information on how much
Published 25 Feb, 2017 12:00am
Fathers too get depressed during and after pregnancy

Fathers too get depressed during and after pregnancy

Women aren't the only ones who may feel depressed when welcoming a newborn: a new study from New Zealand says some men also experience depression during and after their female partners' pregnancies. In the study of almost 4,000 men, about 6 percent had el
Published 25 Feb, 2017 12:00am
Smartphones are revolutionising medicine

Smartphones are revolutionising medicine

Smartphones are revolutionising the diagnosis and treatment of illnesses, thanks to add-ons and apps that make their ubiquitous small screens into medical devices, researchers say. "If you look at the camera, the flash, the microphone... they all are gett
Published 25 Feb, 2017 12:00am
Climate science bedevilled by 'tipping points'

Climate science bedevilled by 'tipping points'

Of the many things that keep climate scientists awake at night, tipping points may be the scariest. To start with, these thresholds for deep, sometimes catastrophic change in the complex web of Earth's natural forces, caused by man-made global warming, ar
Published 25 Feb, 2017 12:00am
Making pizza at home

Making pizza at home

Pizza is one of the world's most popular foods. This super-easy meal has a special place in our diet. The combination of a yeasted bread, malty cheese, and variety of toppings makes it hard to pass up. Homemade pizza has plenty of healthy nutrients perfec
Published 25 Feb, 2017 12:00am
All-star drama demands new look at Partition

All-star drama demands new look at Partition

Gurinder Chadha, the woman behind "Bend It Like Beckham", demands British "accountability" for the humanitarian disaster triggered by the Indian subcontinent's partition, in her new all-star drama at the Berlin film festival.
Published 25 Feb, 2017 12:00am
'La La Land' has Hollywood singing a different tune on musicals

'La La Land' has Hollywood singing a different tune on musicals

From "Singin' in the Rain" to "The Wizard of Oz," musicals haven't traditionally seen much love from the Oscars. But "La La Land" has changed all that, tapping into a desire for escapism and sending Hollywood scrambling to dust off its dancing shoes.
Published 25 Feb, 2017 12:00am
Streaming revolution reaches Grammys

Streaming revolution reaches Grammys

Streaming has rapidly transformed the music industry and if there is to be a single moment to confirm the format's arrival, it may be the Grammy Awards. The music industry's most prestigious awards, which take place last Sunday in a star-studded gala in L
Published 25 Feb, 2017 12:00am
Hungarian slaughterhouse love story wins Berlin fest's Golden Bear

Hungarian slaughterhouse love story wins Berlin fest's Golden Bear

Hungary's "On Body and Soul", a tender love story set in a slaughterhouse, won the Golden Bear top prize last Saturday at the Berlin film festival, Europe's first major cinema showcase of the year. The drama by Ildiko Enyedi, one of four female filmmakers
Published 25 Feb, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 25 Feb, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 25 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 25 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 25 Feb, 2017 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Friday (February 24, 2017).

Published 25 Feb, 2017 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Friday (February 24, 2017).

Published 25 Feb, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Friday (February 24, 2017).
Published 25 Feb, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Friday (February 24, 2017).

Published 25 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (February 24, 2017).

Published 25 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (February 24, 2017).

Published 25 Feb, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Friday (February 24, 2017).

Published 25 Feb, 2017 12:00am
Interpol seeks details of sedition charges against Altaf

Interpol seeks details of sedition charges against Altaf

Interpol has sought details of the sedition charges against MQM founder Altaf Hussain as it sent a response to Pakistan government's request regarding red warrant for arrest of MQM's founder Altaf Hussain. Aaj News reported on Friday that Interpol
Published 25 Feb, 2017 12:00am
LIRBP work cost soars to Rs 13 billion, Ecnec told

LIRBP work cost soars to Rs 13 billion, Ecnec told

The cost of Lower Indus Right Bank Irrigation and Drainage Project (LIRBP) has increased to Rs 17 billion from Rs 4 billion primarily due to inordinate delay in its completion. Sources said that last meeting of the Executive Committee of National Economic
Published 25 Feb, 2017 12:00am
LIRBP work cost soars to Rs 13 billion, Ecnec told

LIRBP work cost soars to Rs 13 billion, Ecnec told

The cost of Lower Indus Right Bank Irrigation and Drainage Project (LIRBP) has increased to Rs 17 billion from Rs 4 billion primarily due to inordinate delay in its completion. Sources said that last meeting of the Executive Committee of National Economic
Published 25 Feb, 2017 12:00am
LIRBP work cost soars to Rs 13 billion, Ecnec told

LIRBP work cost soars to Rs 13 billion, Ecnec told

The cost of Lower Indus Right Bank Irrigation and Drainage Project (LIRBP) has increased to Rs 17 billion from Rs 4 billion primarily due to inordinate delay in its completion. Sources said that last meeting of the Executive Committee of National Economic
Published 25 Feb, 2017 12:00am
NAB chief summoned over Nandipur

NAB chief summoned over Nandipur

The parliamentary panel on Friday summoned Chairman National Accountability Bureau (NAB) for not filing references against former law minister and top officials accused of involvement in Nandipur power plant scam that led to Rs 113 billion loss to the nat
Published 25 Feb, 2017 12:00am
NAB chief summoned over Nandipur

NAB chief summoned over Nandipur

The parliamentary panel on Friday summoned Chairman National Accountability Bureau (NAB) for not filing references against former law minister and top officials accused of involvement in Nandipur power plant scam that led to Rs 113 billion loss to the nat
Published 25 Feb, 2017 12:00am
NAB chief summoned over Nandipur

NAB chief summoned over Nandipur

The parliamentary panel on Friday summoned Chairman National Accountability Bureau (NAB) for not filing references against former law minister and top officials accused of involvement in Nandipur power plant scam that led to Rs 113 billion loss to the nat
Published 25 Feb, 2017 12:00am
SBP takes big step to narrow trade deficit

SBP takes big step to narrow trade deficit

The State Bank of Pakistan (SBP) Friday imposed a 100 percent cash margin requirement on the import of some 404 items with immediate effect. The SBP issued a circular to all banks to formally announce the imposition of 100 percent cash margin on the impor
Published 25 Feb, 2017 12:00am
SBP takes big step to narrow trade deficit

SBP takes big step to narrow trade deficit

The State Bank of Pakistan (SBP) Friday imposed a 100 percent cash margin requirement on the import of some 404 items with immediate effect. The SBP issued a circular to all banks to formally announce the imposition of 100 percent cash margin on the impor
Published 25 Feb, 2017 12:00am
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