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Archive - 2017-03-03
Peshawar Zalmi beat Karachi Kings in PSL Semi Final
Pakistan Top News

Peshawar Zalmi beat Karachi Kings in PSL Semi Final

DUBAI: Peshawar Zalmi thrash Karachi Kings by 24 runs in the third and final play off of Pakistan Super League 2017 and qualify for the final to face Quetta Gladiators.
Published 03 Mar, 2017 07:56pm
Trump to host Merkel at White House in mid-March
Europe

Trump to host Merkel at White House in mid-March

BERLIN: Chancellor Angela Merkel is planning to hold her first meeting with US President Donald Trump in Washington on March 14, the White House and a German government source said Friday.
Published 03 Mar, 2017 07:00pm
VW's 'dieselgate' scandal
Industry

VW's 'dieselgate' scandal

FRANKFURT AM MAIN: Volkswagen's "dieselgate" emissions cheating scandal, revealed in September 2015, rocked the German auto giant but has also had an impact on public health, a new study says.
Published 03 Mar, 2017 07:00pm
Tennis: Nishikori, Del Potro, Venus in New York Showdown
Sports

Tennis: Nishikori, Del Potro, Venus in New York Showdown

NEW YORK: Japan's fifth-ranked Kei Nishikori, seven-time Grand Slam champion Venus Williams and reigning French Open champion Garbine Muguruza were among players announced for Monday's 10th Tennis Showdown in New York.
Published 03 Mar, 2017 06:55pm
US stocks little changed ahead of Yellen speech
Financial

US stocks little changed ahead of Yellen speech

NEW YORK: Wall Street stocks were little changed early Friday ahead of an address by Federal Reserve Chair Janet Yellen that will be closely watched for clues about the near-term prospects for higher interest rates.
Published 03 Mar, 2017 06:13pm
ECO summit to promote intra-regional trade: President
Front Top News

ECO summit to promote intra-regional trade: President

ISLAMABAD: President Mamnoon Hussain Friday said recently held Economic Cooperation Organization (ECO) summit in Islamabad would promote and enhance intra-regional trade.
Published 03 Mar, 2017 05:12pm
Power crisis to become part of history in 2018: PM
Pakistan Top News

Power crisis to become part of history in 2018: PM

SPINWAM: Prime Minister Muhammad Nawaz Sharif on Friday reiterated his resolve to end electricity loadshedding in 2018, after completion of the ongoing hydro power projects initiated by the federal government.
Published 03 Mar, 2017 04:33pm
SC forms four benches for next week
General News

SC forms four benches for next week

ISLAMABAD: Chief Justice of Pakistan, Mian Saqib Nisar Friday constituted four benches at the principal seat to hear a number of important cases during the next week.
Published 03 Mar, 2017 04:31pm
E-commerce to surpass US$1 bn by 2020
Pakistan Top News

E-commerce to surpass US$1 bn by 2020

ISLAMABAD: Finance Minister, Senator Muhammad Ishaq Dar said Friday that E-Commerce sector had been doubling in size every year and was projected to surpass US $ 1 billion in 2020.
Published 03 Mar, 2017 04:26pm
Power theft main reason of loadsheding: HESCO Chief
General News

Power theft main reason of loadsheding: HESCO Chief

HYDERABAD: Chief Executive Officer (CEO) of Hyderabad Electric Supply Company (HESCO) Asadullah said power theft was the main reason of loadsheding and this problem could not be effectively controlled until the culture of electricity theft was completely
Published 03 Mar, 2017 04:26pm
Bilawal for saving flora, fauna in Pakistan
General News

Bilawal for saving flora, fauna in Pakistan

KARACHI: The Chairman of Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari has said that protection of wildlife is a collective human responsibility to nature and called for more effective efforts to save the flora and fauna in Pakistan.
Published 03 Mar, 2017 04:17pm
Gulberg blast: PEMRA to fine channels for airing fake news
General News

Gulberg blast: PEMRA to fine channels for airing fake news

ISLAMABAD: Pakistan Electronic Media Regulatory Authority (PEMRA) Friday unanimously decided to impose a fine Rs 1 million on each national private television channel and Rs 500,000 on regional for airing fake news of a bomb blast in Gulberg, Lahore on Fe
Published 03 Mar, 2017 04:16pm
Merkel says Tunisia agrees to take back 1,500 migrants
Africa

Merkel says Tunisia agrees to take back 1,500 migrants

TUNIS: Chancellor Angela Merkel said on Friday Tunisia had agreed to take back 1,500 rejected Tunisian migrants from Germany, after an attack by a Tunisian on a Christmas market in Berlin which killed 12 people.
Published 03 Mar, 2017 03:33pm
C$ stabilizes with oil after hitting near 2-month low
Financial

C$ stabilizes with oil after hitting near 2-month low

TORONTO: The Canadian dollar stabilized on Friday after hitting a nearly two-month low against its US counterpart, helped by a recovery in oil prices, while the greenback pared some recent gains ahead of a speech by Federal Reserve Chair Janet Yellen%D%AY
Published 03 Mar, 2017 03:33pm
TSX rises as higher oil prices help energy shares
Financial

TSX rises as higher oil prices help energy shares

TORONTO: Canada's main stock index rose on Friday, led by the energy group as oil prices recovered some lost ground, while financial shares seesawed ahead of a speech by Federal Reserve Chair Janet Yellen.
Published 03 Mar, 2017 03:30pm
Deutsche Bank shares fall on capital increase report
Money & Banking

Deutsche Bank shares fall on capital increase report

FRANKFURT: Deutsche Bank is expected to decide on strategy adjustments including a possible capital increase around the end of March following a regular supervisory-board meeting on March 16-17, a source familiar with the matter said on Friday.
Published 03 Mar, 2017 03:29pm
Wall St slightly up with Yellen speech in focus
Financial

Wall St slightly up with Yellen speech in focus

NEW YORK: US stocks were marginally up on Friday, as investors focused on Federal Reserve Chair Janet Yellen's speech for clues on the possibility of an interest rate hike later this month.
Published 03 Mar, 2017 03:26pm
Oil edges higher on weaker dollar after sell-off
Energy

Oil edges higher on weaker dollar after sell-off

LONDON: Oil prices rose on Friday, recouping some of the previous session's losses, as a weaker dollar encouraged buying but investors remained cautious after Russian production figures showed weak compliance with a global deal to cut output.
Published 03 Mar, 2017 03:24pm
India to host Dalai Lama in disputed territory, defying China
Asia

India to host Dalai Lama in disputed territory, defying China

%D%ANEW DELHI: Indian federal government representatives will meet the Dalai Lama when he visits a sensitive border region controlled by India but claimed by China, officials said, despite a warning from Beijing that it would damage ties.
Published 03 Mar, 2017 01:57pm
PM Nawaz breaks ground for Kurram Tangi Dam project
Pakistan Top News

PM Nawaz breaks ground for Kurram Tangi Dam project

ISLAMABAD: Prime Minister Nawaz Sharif presided over a groundbreaking ceremony on Friday to mark the beginning of construction of the US-funded Kaitu Weir component of the Kurram Tangi Dam project.
Published 03 Mar, 2017 01:16pm
Gold heads for weekly drop on talk of March rate rise
Commodities

Gold heads for weekly drop on talk of March rate rise

LONDON: Gold fell more than half a percent on Friday and was on track for its biggest weekly loss in nearly four months as speculation grew that the Federal Reserve would press ahead with an increase to US interest rates this month.
Published 03 Mar, 2017 12:40pm
Sterling hits 7-week low after weak UK services PMI data
Financial

Sterling hits 7-week low after weak UK services PMI data

LONDON: Sterling fell to a seven-week low on Friday, as a survey showed growth in Britain's dominant services sector cooling and British Prime Minister Theresa May played down talk of a fresh Scottish independence vote as the UK prepares to leave the
Published 03 Mar, 2017 12:32pm
TAPI gas pipeline project enters practical phase in Pakistan
Front Top News

TAPI gas pipeline project enters practical phase in Pakistan

ISLAMABAD: The multi-billion dollars Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project entered its practical phase in Pakistan after the process of initiating front-end-engineering-and-design (FEED) route survey, was formally inaugurated
Updated 03 Mar, 2017 12:29pm
SWAN LAKE 'Series' by Pistol Wish
Featured Photos

SWAN LAKE 'Series' by Pistol Wish

Photo Credit: Pistol Wish%D%APistol Wish is a talented photographer currently based in Los Angeles, California, U.
Published 03 Mar, 2017 12:19pm
Moscow oil refinery halts CDU-3 unit until mid-April
Energy

Moscow oil refinery halts CDU-3 unit until mid-April

MOSCOW: Moscow oil refinery, controlled by Gazprom Neft, has shut its Crude Distillation Unit-3 for an unplanned maintenance, completely halting production of oil products umtill mid-April, industry sources told Reuters on Friday.
Published 03 Mar, 2017 12:18pm
EU to set up joint command centre for foreign missions
Europe

EU to set up joint command centre for foreign missions

BRUSSELS: European Union states are expected to decide on Monday to create a joint command centre for the bloc's foreign training missions in Mali, Somalia and Central African Republic, a senior EU official in Brussels said.
Published 03 Mar, 2017 12:16pm
RECORDER REPORT-PSX close of day
Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed lower on Friday having 49623.
Published 03 Mar, 2017 12:07pm
OILS 'Series' by Pistol Wish
Featured Photos

OILS 'Series' by Pistol Wish

Photo Credit: Pistol Wish%D%APistol Wish is a talented photographer currently based in Los Angeles, California, U.
Published 03 Mar, 2017 12:06pm
Warm Interiors by Pia Ulin
Featured Photos

Warm Interiors by Pia Ulin

Photo Credit: Pia Ulin%D%APia Ulin, born in 1965 in Sundsvall, Sweden, has worked as a professional photographer for more than 20 years.
Published 03 Mar, 2017 11:53am
LHC orders sealing of Sharif family's two sugar mills
Pakistan Top News

LHC orders sealing of Sharif family's two sugar mills

%D%ARECORDER REPORT %D%ALAHORE: A division bench of the Lahore High Court on Thursday ordered the sealing of Haseeb Waqas Sugar Mills and Chaudhry Sugar Mills owned by the ruling Sharif family which were shifted to new locations in violation of stay order
Published 03 Mar, 2017 11:32am
Christ The Redeemer - Rio De Janeiro by Oliver Curtis
Featured Photos

Christ The Redeemer - Rio De Janeiro by Oliver Curtis

Photo Credit: Oliver Curtis%D%AOver four years Oliver Curtis has turned his back on the most famous landmarks in the world such as the Eiffel Tower, the White House and Stonehenge, to create a fascinating collection that promotes a new perspective on tour
Published 03 Mar, 2017 11:09am
Scale The Wall by Rainer Eder
Featured Photos

Scale The Wall by Rainer Eder

Photo Credit: Rainer Eder%D%AStunning Climbing Photography%D%ARainer Eder, a talented photographer and enthusiastic climber, was born in Austria and has lived in Switzerland for over 20 years now.
Published 03 Mar, 2017 10:35am
Khurram stresses for trade liberalization in ECO countries
Pakistan Top News

Khurram stresses for trade liberalization in ECO countries

ISLAMABAD: Minister for Commerce, Eng Khurram Dastgir Khan on Friday stressed the need for trade liberalization and for resolving VISA issues in Economic Cooperation Organization (ECO) countries for enhancing the trade volume.
Published 03 Mar, 2017 10:30am
Radd-ul-Fasaad to continue until targets achieved: PM
Pakistan Top News

Radd-ul-Fasaad to continue until targets achieved: PM

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Friday chaired a high-level security meeting at PM House to review Operation Radd-ul-Fasaad and expressed resolve to continue the offensive until all targets are achieved.
Published 03 Mar, 2017 10:20am
Pakistan, Turkey to ink Free Trade Agreement in May
Pakistan Top News

Pakistan, Turkey to ink Free Trade Agreement in May

ISLAMABAD: Free Trade Agreement (FTA) between Pakistan and Turkey to be signed in the month of May 2017, which would enhance bilateral trade between the two countries.
Published 03 Mar, 2017 10:11am
Socialist Korea by Raphael Olivier
Featured Photos

Socialist Korea by Raphael Olivier

Photo Credit: Raphael Olivier%D%AVintage Socialist Architecture of North Korea%Dommercial photographer Raphael Olivier recently travelled to Pyongyang and created a fantastic photo essay exploring the suspended reality of North Koreas vintage socialist ar
Published 03 Mar, 2017 09:23am
Robotic services available in Multani pizzeria
Technology

Robotic services available in Multani pizzeria

A pizzeria in Multan has become the talk of town as it has begun providing robotic waiter service to its customers. The icing on the cake however is the fact that the robot and all its tech is all made in Pakistan.%D%A%D%A
Published 03 Mar, 2017 09:01am
Photos of young PM Justin Trudeau go viral
Life & Style

Photos of young PM Justin Trudeau go viral

Justin Trudeau has emerged as the heartthrob of world politics, since his inauguration as the Canadian Prime Minister, Trudeau has been in media limelight more for his good looks than his politics.
Published 03 Mar, 2017 08:52am
Abstract Structural by Nikola Olic
Featured Photos

Abstract Structural by Nikola Olic

Photo Credit: Nikola Olic%Dbstract and Structural Architecture Photography%D%ANikola Olic is a talented photographer who was born in Belgrade, Serbia and currently lives and works in Dallas, Texas.
Published 03 Mar, 2017 08:40am
Ifran breaks five records in 40 days
Sports

Ifran breaks five records in 40 days

ISLAMABAD: Pakistan's Muhammad Ifran Mehsud name has been added to the Guinness World Record (GWR) for his unbeatable Kung Fu skills for breaking five records consecutively in just 40 days in the year 2016.
Published 03 Mar, 2017 08:40am
Investment policy designed to attract FDI: PM
Pakistan Top News

Investment policy designed to attract FDI: PM

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif Friday said the country's investment policy had been designed to provide a comprehensive framework for creating conducive business environment for attraction of Foreign Direct Investment (FDI).
Published 03 Mar, 2017 08:31am
Japan inflation ticks up after nearly one-year slide
World

Japan inflation ticks up after nearly one-year slide

TOKYO: Japanese consumer prices picked up in January for the first time in almost a year, government data showed Friday, halting a long string of declines as Tokyo struggles to put deflation in the rear view mirror.
Published 03 Mar, 2017 08:10am
Djokovic upset, Nadal reaches semis
Football

Djokovic upset, Nadal reaches semis

ACAPULCO: Rafael Nadal booked his semi-final spot at the Mexico Open by battling past Yoshihito Nishioka in straight sets, while top seed Novak Djokovic suffered another stunning exit in a shaky start to 2017.
Published 03 Mar, 2017 07:48am
Peshawar Zalmi coming to Lahore, if qualifies
Cricket

Peshawar Zalmi coming to Lahore, if qualifies

Pakistan Super League (PSL) is moving towards the concluding stages, with Quetta Gladiators already into the finals, the Karachi Kings and Peshawar Zalmi would lock horns tonight to decide the second finalist of the tournament.
Published 03 Mar, 2017 06:00am
OMC volumes: Up they remain
Oil and Gas

OMC volumes: Up they remain

Petroleum product sales by the oil marketing sector remain upbeat in 8MFY17; volumes sold by the OMCs in 8MFY17 were over their five and ten-year compound annual growth rates.
Published 03 Mar, 2017 05:01am
Freedom under siege
Miscellaneous

Freedom under siege

The past year saw wide swept advances by populist and nationalist political forces across the globe with staggering events such as Brexit and the election of Donald Trump marking a shift in the existing global political and economic landscape that has bee
Published 03 Mar, 2017 05:01am
Rs 31.58 billion approved for uplift projects of CA&DD

Rs 31.58 billion approved for uplift projects of CA&DD

National Assembly Standing Committee on Cabinet Secretariat has approved Rs 31.58 billion for development projects of Capital Administration and Development Division (CA&DD) under Public Sector Development Programme (PSDP) in the budget for fiscal year 20
Published 03 Mar, 2017 12:00am
Potential of upgraded officers: experts raise eyebrows over FBR failure

Potential of upgraded officers: experts raise eyebrows over FBR failure

Tax experts, consultants and lawyers have raised eyebrows over failure of the Federal Board of Revenue (FBR) in utilising the real potential of its officers despite that it had upgraded five posts from BS-21 to BS-22 on the plea that these are specialised
Published 03 Mar, 2017 12:00am
UBL reaffirms commitment to 'Service Excellence'

UBL reaffirms commitment to 'Service Excellence'

UBL, Pakistan's Best Bank 2016, actively participated in an interactive session on Service Excellence with Ron Kaufman, the world's leading expert in service partnerships and customer focus. Entitled "Uplifting Service," this session was held recently in
Published 03 Mar, 2017 12:00am
FHM receives Corporate Excellence Award

FHM receives Corporate Excellence Award

The Management Association of Pakistan has awarded Corporate Excellence Certificate award to First Habib Modaraba (FHM) in their ceremony held on February 28, 2017 at Karachi. This award was given within the "Financial Category". The said category consist
Published 03 Mar, 2017 12:00am
FHM receives Corporate Excellence Award

FHM receives Corporate Excellence Award

The Management Association of Pakistan has awarded Corporate Excellence Certificate award to First Habib Modaraba (FHM) in their ceremony held on February 28, 2017 at Karachi. This award was given within the "Financial Category". The said category consist
Published 03 Mar, 2017 12:00am
CPEC to spell out future development status of KP: Khattak

CPEC to spell out future development status of KP: Khattak

Chief Minister Khyber Pakhtunkhwa Pervez Khattak has said that CPEC would spell out the future development status of Khyber Pakhtunkhwa province. "His government fully understood the far reaching impact of CPEC and the level of prosperity it would bring a
Published 03 Mar, 2017 12:00am
Media urged to project positive side of Pakistan

Media urged to project positive side of Pakistan

Minister for Higher Education Syed Raza Ali Gillani Thursday said that the Pakistani media should always remember that national interest and integrity of the country reign supreme. While addressing the prize distribution ceremony of annual sports day at G
Published 03 Mar, 2017 12:00am
Wapda's clarification

Wapda's clarification

Pakistan Water and Power Development Authority spokesman has clarified a news item appeared inBusiness Recorder on March 1, 2017 entitled "MoW&P asked to submit report about Wapda dues against Sindh govt." wherein it has been reported that 'The Nat
Published 03 Mar, 2017 12:00am
Investment inflows spur corporate sukuk market

Investment inflows spur corporate sukuk market

Growth of shariah-compliant investment funds in Pakistan is helping fuel demand for sukuk, or Islamic bonds, giving local firms new funding options while strengthening the case for Islamic pensions in other majority-Muslim countries. Strong demand for Isl
Published 03 Mar, 2017 12:00am
Investment inflows spur corporate sukuk market

Investment inflows spur corporate sukuk market

Growth of shariah-compliant investment funds in Pakistan is helping fuel demand for sukuk, or Islamic bonds, giving local firms new funding options while strengthening the case for Islamic pensions in other majority-Muslim countries. Strong demand for Isl
Published 03 Mar, 2017 12:00am
PDWP okays 22 uplift schemes

PDWP okays 22 uplift schemes

The Provincial Development Working Party (PDWP) held its meeting under the Chairmanship of Muhammad Azam Khan, Additional Chief Secretary Khyber Pakhtunkhwa on Thursday. The meeting was attended by its members and respective administrative Secretaries. Th
Published 03 Mar, 2017 12:00am
NA body defers IRSA (Amendment) Bill

NA body defers IRSA (Amendment) Bill

National Assembly Standing Committee on Water and Power on Thursday deferred "Indus River System Authority (IRSA) (Amendment) Bill, 2017" due to the absence of the mover. The committee which met under the chairmanship of Junaid Anwar Chaudhary decided to
Published 03 Mar, 2017 12:00am
Nasir Kazmi remembered on his death anniversary

Nasir Kazmi remembered on his death anniversary

Famous Urdu poet Nasir Kazmi was remembered on his death anniversary on Thursday. Born on December 8, 1925 at Ambala in British India, Nasir Kazmi was one of the greatest poets of his era. He was educated at Ambala, Simla and Lahore. After the creation of
Published 03 Mar, 2017 12:00am
Alteration in auto policy not possible: minister

Alteration in auto policy not possible: minister

The dissolved sub-committee of Economic Co-ordination Committee (ECC) of the Cabinet headed by Minister for Water and Power, Khawaja Asif on Thursday disrupted the new business plans of M/s Pak Suzuki Motors and M/s Faw Motors as greenfield and brownfield
Published 03 Mar, 2017 12:00am
PDWP regularises services of 20 physiotherapists

PDWP regularises services of 20 physiotherapists

The Provincial Development Working Party (PDWP) on Thursday approved regularization of services of 20 district physiotherapists (DPs) who were appointed on test basis by Khyber Pakthunkhwa (KP) government and approved 30 more vacancies of district physiot
Published 03 Mar, 2017 12:00am
Afghanistan, Pakistan, US wary of Islamic State expansion

Afghanistan, Pakistan, US wary of Islamic State expansion

An Islamic State offshoot based near the Afghan-Pakistan border is expanding to new areas, recruiting fighters and widening the reach of attacks in the region, members of the movement and Afghan officials said. Some members of the so-called "Khorasan Prov
Published 03 Mar, 2017 12:00am
Private media kept away from ECO Summit for security reasons

Private media kept away from ECO Summit for security reasons

The government's decision not to allow private media to cover the 13th Economic Co-operation Organisation (ECO) Summit visibly minimised the international exposure of the mega event. However, Foreign Office sources clarified that the decision not to issue
Published 03 Mar, 2017 12:00am
Ten-year-old boy becomes youngest computer lecturer

Ten-year-old boy becomes youngest computer lecturer

A fifth grade student in Peshawar has become the youngest lecturer of computer. The 10-year-old boy Sabawan teaches students older than him in a private academy and earns Rs 24000 monthly. He has command over a number of languages which include English, P
Published 03 Mar, 2017 12:00am
No suspension of audit: FBR

No suspension of audit: FBR

Federal Board of Revenue (FBR) has clarified a news item published in a section of the press claiming that the FBR has decided to suspend the audit of taxpayers for 30 days. In a statement released here on Thursday, the FBR has clarified that the Chairman
Published 03 Mar, 2017 12:00am
Dr Khalid appointed PU Registrar

Dr Khalid appointed PU Registrar

Punjab University Vice Chancellor Professor Dr Zafar Mueen Nasir has appointed Hailey College of Commerce's Assistant Professor and Director Human Resource Dr Khalid Khan as registrar of the university. A notification has been issued in this regard.
Published 03 Mar, 2017 12:00am
MoDP directed to submit long-term budgetary plan

MoDP directed to submit long-term budgetary plan

A parliamentary panel on Thursday directed Ministry of Defence Production to submit a long-term budgetary plan to meet the needs of the industry. The committee met in the chair of Senator Lieutenant General Abdul Qayyum (retd). The committee discussed mid
Published 03 Mar, 2017 12:00am
Shahbaz urged to apologise for crackdown against Pakhtuns

Shahbaz urged to apologise for crackdown against Pakhtuns

Qaumi Watan Party (QWP) has asked Punjab Chief Minister Shahbaz Sharif to apologise for the crackdown launched against Pakhtuns by his government and announced launching a protest campaign from Saturday (March 5) if the ethnic-based operation is not stopp
Published 03 Mar, 2017 12:00am
Mahesh Bhatt, Alia receive death threat

Mahesh Bhatt, Alia receive death threat

Extortionist reportedly had threatened Mahesh Bhatt on his death on Wednesday and warned him of harm to Alia among his family members if he does not pay Rs 5 million. However, the threat call was traced to Uttar Pradesh prompting law enforcers to detain a
Published 03 Mar, 2017 12:00am
India involved in terrorist activities: Zahid

India involved in terrorist activities: Zahid

Minister for Law and Justice Zahid Hamid has said that India was involved in terrorist activities in Pakistan. The Minister was addressing the High Level Segment of the 34th Session of the United Nations Human Rights Council (UNHCR) in Geneva, the Foreign
Published 03 Mar, 2017 12:00am
Siraj to convene jirga on racial profiling of Pakhtuns

Siraj to convene jirga on racial profiling of Pakhtuns

Jamaat-e-Islami ameer, Senator Sirajul Haq has criticised the Punjab government over racial profiling of Pakhtuns and announced that his party will hold a jirga of Pakhtuns at its headquarters, Mansoora, Lahore on Friday (today) to discuss all serious iss
Published 03 Mar, 2017 12:00am
BoG of Wah university approves various academic programmes

BoG of Wah university approves various academic programmes

The eighth meeting of Board of Governors of University of Wah was held on 28 February, 2017 at UW Seminar Hall. Chairman POFs Board and Chairman Board of Governors, University of Wah, Lieutenant General Omar Mahmood Hayat HI (M) presided over the meeting.
Published 03 Mar, 2017 12:00am
MoTI pessimistic about instant growth in textile exports

MoTI pessimistic about instant growth in textile exports

Ministry of Textile Industry as well as industry stakeholders are pessimistic about an instant growth in textile exports, saying it would take around six months time to avail and utilise incentives announced by the government. Prime Minister Nawaz Sharif
Published 03 Mar, 2017 12:00am
Concept of beneficial ownership in the Companies Bill 2016 - II

Concept of beneficial ownership in the Companies Bill 2016 - II

Concept of lifting the veil If the situations of a natural person are read with that of a non-natural person then a practical proposition will emerge. Under this proposition, if Mr X, a shareholder, in a company hereinafter referred to as Company A
Published 03 Mar, 2017 12:00am
Ivory Coast weather to boost cocoa mid-crop

Ivory Coast weather to boost cocoa mid-crop

Rain last week in most of Ivory Coast's main cocoa growing regions will help produce an abundant April-to-September mid-crop, farmers said on Monday, though dry, hot weather was damaging flowers in the east. The dry season in the world's top cocoa produce
Published 03 Mar, 2017 12:00am
Gold slips in Europe

Gold slips in Europe

Gold prices fell on Thursday, pressured by a stronger dollar on rising expectations of a US rate hike in March amid buoyant US economic data. Spot gold was down 0.8 percent at $1,239.47 per ounce by 1345 GMT. On Monday, the metal rose to $1,263.80, its hi
Published 03 Mar, 2017 12:00am
Gold drops in Asia

Gold drops in Asia

Gold prices dropped on Thursday as the dollar firmed on hawkish comments from US Federal Reserve officials that stoked expectations of a US interest rate hike in March. Spot gold fell 0.4 percent to $1,244.72 per ounce by 0715 GMT. On Monday, the metal ro
Published 03 Mar, 2017 12:00am
Gold pares losses in New York

Gold pares losses in New York

Gold gave back most of its losses on Wednesday as the dollar pared gains and bullion shrugged off earlier pressure from US Federal Reserve officials' comments that raised expectations of an interest rate hike in March. New York Fed President William Dudle
Published 03 Mar, 2017 12:00am
New York cocoa falls to 9-1/2 year low as ample supplies weigh

New York cocoa falls to 9-1/2 year low as ample supplies weigh

New York cocoa futures slid to their weakest in almost a decade on Thursday as the prospect of a large global surplus weighed on sentiment, while arabica coffee tumbled on weak technicals. May New York cocoa futures were down $25 or 1.32 percent at $1,872
Published 03 Mar, 2017 12:00am
Palm oil near two-week high

Palm oil near two-week high

Malaysian palm oil futures recorded a third consecutive day of gains on Thursday, reaching a near two-week high as a technical rebound saw the spread with soyaoil widen. Benchmark palm oil futures for May on the Bursa Malaysia Derivatives Exchange were up
Published 03 Mar, 2017 12:00am
Rubber gains

Rubber gains

Benchmark Tokyo rubber futures extended gains on Thursday on the back of a weaker yen and low inventories in Japan. The Tokyo Commodity Exchange rubber contract for August delivery finished 2.9 yen higher at 274.7 yen ($2.41) per kg. The most-active rubbe
Published 03 Mar, 2017 12:00am
EU awards Ukraine wheat, barley quota imports

EU awards Ukraine wheat, barley quota imports

The European Union awarded this week licences to import 13,790 tonnes of Ukrainian wheat and 11,760 tonnes of Ukrainian barley under annual tariff-free quotas, official data showed on Thursday. There remained 154,298 tonnes available under the Ukrainian w
Published 03 Mar, 2017 12:00am
Saudi Arabia lowers Arab: Light crude OSP to Asia

Saudi Arabia lowers Arab: Light crude OSP to Asia

Saudi Arabia has cut its April price for its Arab Light grade for Asian customers by $0.30 a barrel versus March to a discount of $0.15 a barrel to the Oman/Dubai average, its national oil company said on Thursday. The cut is a surprise as Saudi Arabia wa
Published 03 Mar, 2017 12:00am
Copper hit by dollar and profit-taking

Copper hit by dollar and profit-taking

Copper fell on Thursday as a stronger dollar weighed and recent gains tempted bullish investors to book profits despite manufacturing reports from China and elsewhere that pointed to firmer demand for the metal. China's factory activity expanded faster th
Published 03 Mar, 2017 12:00am
Shanghai copper rises

Shanghai copper rises

Shanghai Futures Exchange copper finished up 0.8 percent at 48,690 yuan ($7,072) a tonne on Thursday as a strong dollar weighed against improving manufacturing reports out of Asia and the United States that brightened the outlook for demand. China's facto
Published 03 Mar, 2017 12:00am
Turkey minister cancels Germany trip over rally ban

Turkey minister cancels Germany trip over rally ban

Turkey's justice minister said Thursday he scrapped a visit to Germany after authorities there blocked a rally promoting a referendum that could expand President RRecep Tayyip Erdogan's powers The latest spat adds to tensions between Turkey and Germany ov
Published 03 Mar, 2017 12:00am
Pro-Kurd party rallies against boosting Erdogan powers

Pro-Kurd party rallies against boosting Erdogan powers

Turkey's pro-Kurdish party Thursday launched its campaign for a "No" vote in April's referendum on whether to give President Recep Tayyip Erdogan more powers as its two leaders remained imprisoned. Hundreds of people turned out for the Peoples' Democratic
Published 03 Mar, 2017 12:00am
Al Qaeda confirms coalition strike killed top leader in Syria

Al Qaeda confirms coalition strike killed top leader in Syria

Al Qaeda has confirmed that top leader Abu Khayr al-Masri, believed to be the organisation's number two, was killed in a drone strike by the US-led coalition in Syria. The killing of Masri, described by analysts as "jihadi royalty," could serve as a major
Published 03 Mar, 2017 12:00am
Syria army retakes ancient Palmyra

Syria army retakes ancient Palmyra

Syrian troops backed by Russian jets completed the recapture of the historic city of Palmyra from the Islamic State group Thursday, the Kremlin and the army said, in another blow to the jihadists. Bolstered by air strikes and ground troops from their ally
Published 03 Mar, 2017 12:00am
Gene therapy relieves sickle cell in world first

Gene therapy relieves sickle cell in world first

Scientists have used gene therapy to relieve the symptoms of a teenager suffering from sickle cell disease (SCD) in a world-first breakthrough, they reported on Thursday. SCD is an inherited disease caused by a gene mutation that results in red blood cell
Published 03 Mar, 2017 12:00am
Eastern members oppose 'multi-speed' EU

Eastern members oppose 'multi-speed' EU

Prime ministers from four eastern EU members on Thursday rejected a future "multi-speed" bloc and demanded Brussels have an agreement on its post-Brexit future hammered out before a key summit in Rome later this month. "We do not agree for there to be any
Published 03 Mar, 2017 12:00am
Merkel in Egypt to reduce migrant flows

Merkel in Egypt to reduce migrant flows

German Chancellor Angela Merkel held talks Thursday with Egyptian President Abdel Fattah al-Sisi on stemming illegal migration to her country, during a two-day trip that will also include Tunisia. Turmoil exploited by people smugglers since the 2011 overt
Published 03 Mar, 2017 12:00am
Deadly blast rips through Ukraine coal mine

Deadly blast rips through Ukraine coal mine

Eight miners died Thursday when a methane gas explosion tore through a pit in western Ukraine, in the latest mine disaster in the ex-Soviet state. Rescuers said they had managed to save an additional 20 miners who were trapped underground when the blast h
Published 03 Mar, 2017 12:00am
EU Parliament wants US citizens to get visas

EU Parliament wants US citizens to get visas

The European Parliament on Thursday said US citizens should have to get visas to visit the EU as long as Washington refuses to allow permit-free travel for five of the bloc's countries. A non-binding resolution passed by a show of hands said the European
Published 03 Mar, 2017 12:00am
PSL final in Lahore a good omen for Pakistan cricket, says Sarfraz Ahmed

PSL final in Lahore a good omen for Pakistan cricket, says Sarfraz Ahmed

Quetta Gladiators skipper Sarfraz Ahmed Thursday said that holding of final of Pakistan Super League in Lahore is a good omen for Pakistani cricket. Talking to media on arrival here along with nine other players to play the PSL final on Sunday, Sarfraz sa
Published 03 Mar, 2017 12:00am
Tickets no more available

Tickets no more available

All the tickets for Pakistan Super League (PSL) final ranging from Rs 500 to 8,000 have been sold out within just two days and presently no more ticket are available with the Bank of Punjab. Sources in the Bank of Punjab said they are not selling tickets
Published 03 Mar, 2017 12:00am
IOC gets tough with Tokyo 2020 golf venue

IOC gets tough with Tokyo 2020 golf venue

The International Olympic Committee (IOC) on Thursday issued a sharp warning to the private club set to host golf at the 2020 Tokyo Games: admit women or you're out. On a visit to Tokyo to check on the city's Olympic preparations, IOC vice president John
Published 03 Mar, 2017 12:00am
PPL Balochistan Football Cup 2017 trophy unveiled

PPL Balochistan Football Cup 2017 trophy unveiled

Managing Director and Chief Executive Officer of Pakistan Petroleum Limited (PPL) Syed Wamiq Bokhari, Chairman Organising Committee PPL Balochistan Football Cup 2017, Sardar Naveed Haider Khan and President, Balochistan Football Association Rauf Notezai u
Published 03 Mar, 2017 12:00am
Kohat take trophy as U-23 Boys Games end

Kohat take trophy as U-23 Boys Games end

Kohat clinched the overall trophy of by securing 85 points in the ongoing Khyber Pakhtunkhwa Inter-District Kohat Region Boys Games concluded here on Thursday. Deputy Commissioner Kohat Muhammad Akmal Khan, Director Operation Tariq Mehmood gave away troph
Published 03 Mar, 2017 12:00am
Argentina pays players to avert strike

Argentina pays players to avert strike

Argentina's government said Thursday it paid $22 million dollars to the country's Football Association to avert a players' strike over unpaid wages that threatened to disrupt the new season. The Argentina Footballers' Union (AFA) had threatened to strike
Published 03 Mar, 2017 12:00am
Tendulkar backs India to rebound in Bangalore

Tendulkar backs India to rebound in Bangalore

Sachin Tendulkar expects India to hit back hard in the second Test against Australia beginning Saturday in Bangalore after their shock defeat in the opening encounter. Australia's crushing 333-run win in the first Test in Pune last weekend was the tourist
Published 03 Mar, 2017 12:00am
Nadal rolls into Mexico Open quarter-finals

Nadal rolls into Mexico Open quarter-finals

Second-seeded Rafael Nadal cruised into the quarter-finals of the ATP Acapulco tournament on Wednesday with a comprehensive 6-1, 6-1 victory over Paolo Lorenzi. Spain's Nadal, a two-time winner in Acapulco who is playing his first tournament since falling
Published 03 Mar, 2017 12:00am
FIFA dismisses Confederations Cup security, pitch fears

FIFA dismisses Confederations Cup security, pitch fears

FIFA on Thursday shrugged off hooliganism and pitch fears for the Confederations Cup in Russia this June, insisting the World Cup warm-up event will be a "festival of football". "We trust in the arrangements that the authorities are going to put in place
Published 03 Mar, 2017 12:00am
Madrid draw sends Barca top as Enrique confirms exit

Madrid draw sends Barca top as Enrique confirms exit

Barcelona moved top of La Liga on the night Luis Enrique confirmed he will not continue as coach next season as Gareth Bale was sent-off in Real Madrid's thrilling 3-3 draw at home to Las Palmas. Enrique announced his decision to step down after Barca's 6
Published 03 Mar, 2017 12:00am
Leicester make £16.4 million profit from title season

Leicester make £16.4 million profit from title season

Leicester City made a pre-tax profit of £16.4 million ($20.1 million, 19.1 million euros) in the season of their fairytale Premier League title win, the club announced on Thursday. Prize money from winning the 2015-16 title saw the Thai-owned club's turno
Published 03 Mar, 2017 12:00am
Aussie rangebound, kiwi down

Aussie rangebound, kiwi down

The Australian dollar held its own on Thursday, despite the greenback hitting a 7-week high elsewhere, as optimism over global growth underpinned equities and commodity prices. The Australian dollar stood at $0.7658, down a slight 0.2 percent. It traded i
Published 03 Mar, 2017 12:00am
Sterling hits six-week low as data paints mixed picture
Currency

Sterling hits six-week low as data paints mixed picture

Sterling slipped to a six-week low against the dollar on Thursday after data painted a mixed picture of Britain's economic outlook, with the construction industry picking up slightly in February but new orders slowing. Data also showed growth in housebuil
Published 03 Mar, 2017 12:00am
China's yuan falls

China's yuan falls

China's yuan fell against the US dollar on Thursday after the greenback climbed to seven-week highs, boosted by growing expectations that the US central bank will raise interest rates later this month. The People's Bank of China set the yuan's midpoint ra
Published 03 Mar, 2017 12:00am
Asia currencies slip
Currency

Asia currencies slip

Asian currencies slipped on Thursday as the dollar rose on expectations of a Federal Reserve rate hike in March, although some pared their losses on risk taking by investors. The South Korean won fell more than one percent at one point but later trimmed l
Published 03 Mar, 2017 12:00am
Sri Lankan rupee falls
Currency

Sri Lankan rupee falls

The Sri Lankan rupee fell on Thursday in dull trade, snapping four consecutive sessions of gains, as importer dollar demand surpassed greenback sales by exporters, dealers said. Rupee forwards were active with two-week forwards ending at 151.90/152.00 per
Published 03 Mar, 2017 12:00am
Bangladesh's interbank forex rates

Bangladesh's interbank forex rates

Interbank buy/sell rates for the taka against the dollar on Thursday. 79.40-79.40 (previous 79.38-79.39).
Published 03 Mar, 2017 12:00am
Dollar jumps in New York as Fed interest rate hike seen nearer
Currency

Dollar jumps in New York as Fed interest rate hike seen nearer

The dollar hit a seven-week high on Wednesday after hawkish comments from two Federal Reserve officials late on Tuesday boosted expectations that the US central bank is closer to raising interest rates. New York Fed President William Dudley, a permanent v
Published 03 Mar, 2017 12:00am
Dollar rises in Europe
Currency

Dollar rises in Europe

Further signs that the US Federal Reserve is swinging toward a March rise in interest rates kept the dollar rising against the yen and a handful of other major currencies on Thursday, although the pace against a resilient euro was slower. Governor Lael Br
Published 03 Mar, 2017 12:00am
Dollar stands tall in Asia
Currency

Dollar stands tall in Asia

The dollar hovered near a seven-week high on Thursday on increasing signs given by Federal Reserve officials that the US central bank is seriously considering raising interest rates this month. Federal Reserve Governor Lael Brainard said late on Wednesday
Published 03 Mar, 2017 12:00am
FTSE steadies; Capita slumps

FTSE steadies; Capita slumps

Britain's top share index steadied after hitting a record high on Thursday, with strong gains in companies such as ConvaTec offset by firms like Capita, which slumped after missing its profit target and announcing the departure of its chief executive. The
Published 03 Mar, 2017 12:00am
Southeast Asian stocks surge

Southeast Asian stocks surge

Most Southeast Asian stock markets rose on Thursday, tracking Asian shares and Wall Street overnight, as investors took heart from US President Donald Trump's pledge to invest heavily in infrastructure, cut corporate taxes and ease regulations. Singapore
Published 03 Mar, 2017 12:00am
European shares down

European shares down

European shares edged back on Thursday after a strong rally in the previous session, though there were strong gains from Britain's Melrose and Norway's Subsea after well-received results. The pan-European STOXX 600 index was down 0.1 percent. Utilities st
Published 03 Mar, 2017 12:00am
China stocks fall

China stocks fall

China stock fell on Thursday, buyers retreated on speculation of a possible US interest rate hike later this month and concerns liquidity could tighten as Beijing's steps up its fight against leverage. The blue-chip CSI300 index fell 0.7 percent, to 3,435
Published 03 Mar, 2017 12:00am
Treasury yields rise broadly

Treasury yields rise broadly

US Treasury yields rose broadly on Wednesday, with the 2-year's hitting a more than seven-year high, on increased expectations that the Federal Reserve will raise US overnight interest rates at its March meeting. Fed funds futures prices showed investors
Published 03 Mar, 2017 12:00am
Treasury yields rise broadly

Treasury yields rise broadly

US Treasury yields rose broadly on Wednesday, with the 2-year's hitting a more than seven-year high, on increased expectations that the Federal Reserve will raise US overnight interest rates at its March meeting. Fed funds futures prices showed investors
Published 03 Mar, 2017 12:00am
Indian shares reverse gains

Indian shares reverse gains

Indian shares retreated from near two-year highs to end lower on Thursday as investors booked profit in pharmaceutical and realty stocks such as Sun Pharmaceutical Industries and DLF Ltd. The broader NSE index closed down 0.51 percent at 8,899.75 after ri
Published 03 Mar, 2017 12:00am
Hong Kong stocks down

Hong Kong stocks down

Hong Kong stocks, which joined a regional rally in the morning, erased earlier gains and ended Thursday lower, as some investors took advantage of the morning rebound to dump shares. The Hang Seng index ended the session down 0.2 percent, at 23,728.07, wh
Published 03 Mar, 2017 12:00am
Dow pierces 21,000 after Trump speech, rate-hike chatter

Dow pierces 21,000 after Trump speech, rate-hike chatter

The Dow on Wednesday blasted through the 21,000 mark for the first time after US President Donald Trump's measured tone in his first speech to Congress lifted optimism and investors viewed a looming interest rate hike as a glass half full. The three main
Published 03 Mar, 2017 12:00am
Thursday's early trade: stocks slip; Snap set to start trading

Thursday's early trade: stocks slip; Snap set to start trading

US stocks slipped on Thursday as investors booked profits after a record day on Wall Street that propelled the Dow Jones Industrial Average above 21,000 for the first time ever. Wall Street's main indexes on Wednesday posted their best day since the Novem
Published 03 Mar, 2017 12:00am
Tokyo stocks soar

Tokyo stocks soar

Tokyo stocks hit a two-month high Thursday, extending a global rally driven by renewed hopes for US President Donald Trump's economic growth plans. Japanese shares were also boosted by the dollar's gains on the yen - a plus for exporters' profits - fuelle
Published 03 Mar, 2017 12:00am
Australian shares spring back

Australian shares spring back

Australian shares snapped a five-day losing streak with a sharp bounce on Thursday, as sentiment was supported by a combination of stronger global manufacturing activity and a pledge by US President Donald Trump to boost economic growth. In his first spee
Published 03 Mar, 2017 12:00am
Gradual tax plan boosts Egypt, former dividend shares hit Dubai

Gradual tax plan boosts Egypt, former dividend shares hit Dubai

Egypt's stock market rose sharply on Thursday after the finance minister said he would propose only a gradual introduction of a stamp duty on transactions, while stocks going ex-dividend dragged down Dubai. The Egyptian index climbed 2.6 percent as blue c
Published 03 Mar, 2017 12:00am
Gradual tax plan boosts Egypt, former dividend shares hit Dubai

Gradual tax plan boosts Egypt, former dividend shares hit Dubai

Egypt's stock market rose sharply on Thursday after the finance minister said he would propose only a gradual introduction of a stamp duty on transactions, while stocks going ex-dividend dragged down Dubai. The Egyptian index climbed 2.6 percent as blue c
Published 03 Mar, 2017 12:00am
US jobless claims near 44-year-low

US jobless claims near 44-year-low

The number of Americans filing for unemployment benefits fell to near a 44-year-low last week, pointing to further tightening of the labour market even as economic growth appears to have remained moderate in the first quarter.
Published 03 Mar, 2017 12:00am
German new car sales fall back in February

German new car sales fall back in February

German new car sales fell back in February, official data showed Thursday, although the decrease was not big enough to cancel out a sharp rise the previous month. The KBA transport authority said 243,600 vehicles were registered in February, 2.6 percent f
Published 03 Mar, 2017 12:00am
MTN posts first ever loss
Currency

MTN posts first ever loss

South African telecoms giant MTN said Thursday that it made a $200 million loss in 2016 - the company's first - after suffering a huge fine in Nigeria and currency challenges in key markets. "MTN Group's financial results for 2016 reflect the most challen
Published 03 Mar, 2017 12:00am
MTN posts first ever loss
Currency

MTN posts first ever loss

South African telecoms giant MTN said Thursday that it made a $200 million loss in 2016 - the company's first - after suffering a huge fine in Nigeria and currency challenges in key markets. "MTN Group's financial results for 2016 reflect the most challen
Published 03 Mar, 2017 12:00am
Eurozone inflation tops ECB target
Currency

Eurozone inflation tops ECB target

Eurozone inflation in February topped the European Central Bank's near-2.0 percent target for the first time since 2013 as its massive economic stimulus appeared to be finally paying off, figures showed Thursday. Unemployment in the 19-country single curr
Published 03 Mar, 2017 12:00am
Pay slashed for eight top Wells Fargo executives after scandal

Pay slashed for eight top Wells Fargo executives after scandal

Wells Fargo slashed compensation for eight top executives Wednesday in its latest move to try to restore customer confidence after a fake accounts scandal. Wells Fargo, a major retail bank and a giant in mortgage lending, will withhold 2016 cash bonuses f
Published 03 Mar, 2017 12:00am
Brexit vote hits Deutsche Telekom profits

Brexit vote hits Deutsche Telekom profits

German telecommunications giant Deutsche Telekom said Thursday net profits fell in 2016, as its stake in Britain's BT lost value in the wake of last year's Brexit vote. Net profits were down 18 percent to 2.67 billion euros ($2.8 billion), the company sai
Published 03 Mar, 2017 12:00am
Brexit vote hits Deutsche Telekom profits

Brexit vote hits Deutsche Telekom profits

German telecommunications giant Deutsche Telekom said Thursday net profits fell in 2016, as its stake in Britain's BT lost value in the wake of last year's Brexit vote. Net profits were down 18 percent to 2.67 billion euros ($2.8 billion), the company sai
Published 03 Mar, 2017 12:00am
Foreign investors tout role in Poland's economy

Foreign investors tout role in Poland's economy

Foreign investors have been key to Poland's economic expansion, a report said Thursday, released amid allegations by some rightwing politicians that Poles are being exploited by foreign capital. Inflows from abroad have boosted growth by more than 15 perc
Published 03 Mar, 2017 12:00am
China's new bank regulator vows real estate, shadow banking crackdown

China's new bank regulator vows real estate, shadow banking crackdown

The newly appointed head of China's banking watchdog said Thursday he would crackdown on real estate speculation and the country's shadow banking sector, promising an end to regulatory "chaos". The primary mission of banks must be to "support the real eco
Published 03 Mar, 2017 12:00am
Job losses, low wages add to Venezuela economic hardship
Currency

Job losses, low wages add to Venezuela economic hardship

On a recent morning, Venezuelan mother Rossana Suarez took her three children to work with her because school was cancelled. In an unfortunate twist, they would witness her being dismissed as a receptionist for a medical equipment company and joining the
Published 03 Mar, 2017 12:00am
Fewer workers, higher wages: Japan Inc feels demographic pinch

Fewer workers, higher wages: Japan Inc feels demographic pinch

Ask the president of Japan's largest daycare chain what his biggest headache is, and Kazuhiro Ogita doesn't hesitate: workers and wage costs. Not enough of one, too much of the other. Unable to hire enough employees to staff its nurseries at a time of str
Published 03 Mar, 2017 12:00am
Consumers, exports fuel Spanish economy in fourth quarter

Consumers, exports fuel Spanish economy in fourth quarter

Spending by Spanish households kept the economy on a solid footing in the fourth quarter of last year with exports also fuelling growth ahead of what may be a trickier 2017, data showed on Thursday. The Spanish economy expanded by 0.7 percent between Octo
Published 03 Mar, 2017 12:00am
Cotton prices rise globally
Cotton

Cotton prices rise globally

According to the traders in Karachi, cotton prices have tightened in major producing origins which have also impacted the local prices accordingly. Thus lint prices have reportedly moved up in China, the United States, India and Pakistan. The Karachi Cott
Published 03 Mar, 2017 12:00am
Cotton prices rise globally
Cotton

Cotton prices rise globally

According to the traders in Karachi, cotton prices have tightened in major producing origins which have also impacted the local prices accordingly. Thus lint prices have reportedly moved up in China, the United States, India and Pakistan. The Karachi Cott
Published 03 Mar, 2017 12:00am
Prices soar on renewed buying interest
Cotton

Prices soar on renewed buying interest

Prices gained strength on the cotton market on Thursday on renewed buying by mills and spinners in the process of trading, dealers said. The official spot rate was higher by Rs 50 to Rs 6700, they said. In Punjab prices were higher by Rs 200 to Rs 3500-37
Published 03 Mar, 2017 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 154,739 tonnes of cargo comprising 119,121 tonnes of import cargo and 35,618 tonnes of export cargo including c loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday. The total import cargo of 119,1
Published 03 Mar, 2017 12:00am
European gasoline margins fall

European gasoline margins fall

Gasoline refining margins in north-west Europe slipped on Tuesday as a drop in US gasoline prices put the arbitrage flow west in doubt. The head of the Renewable Fuels Association said on Tuesday that US President Donald Trump's administration would lift
Published 03 Mar, 2017 12:00am
Soyameal prices firmer on European feeds market
Currency

Soyameal prices firmer on European feeds market

Soyameal prices on the European meals and feeds market were slightly firmer on Tuesday because of a dip in the dollar after CBOT soyameal futures closed barely changed from the day before. "It was mostly currencies that gave direction to prices as it seem
Published 03 Mar, 2017 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Wednesday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,135. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 8.03 billion and the number of lots traded was 17,211. Major business was contributed by
Published 03 Mar, 2017 12:00am
Asian naphtha crack gains to five-session high

Asian naphtha crack gains to five-session high

Asia's naphtha crack extended gains to reach a five-session high of $90.05 a tonne on Tuesday due to recent firm demand and slow-moving eastbound cargoes from the West, including Europe. India's naphtha exports were seen above 600,000 tonnes for March ver
Published 03 Mar, 2017 12:00am
Bangladesh tea prices down

Bangladesh tea prices down

Tea prices in Bangladesh dipped more than 7 percent at a weekly auction on Tuesday, dragged down by inferior-quality leaf, following a small rise in the previous auction. Bangladeshi tea fetched an average of 126.56 taka ($1.6) per kg at the auction, down
Published 03 Mar, 2017 12:00am
South Korea's exports post best growth in five years

South Korea's exports post best growth in five years

South Korean exports grew at their fastest pace in five years in February in a further sign that global demand is strengthening, even as trade-reliant economies brace for a possible rise in US protectionism. Both exports and imports grew more than expecte
Published 03 Mar, 2017 12:00am
Nissan calls for government help to meet 'Made in Britain' rule

Nissan calls for government help to meet 'Made in Britain' rule

Nissan wants the British government to help it source more components in Britain to ensure the carmaker complies with "rules of origin" if the country leaves the European Union's customs union. Nearly 60 percent of the parts in an average British-assemble
Published 03 Mar, 2017 12:00am
China to cut 500,000 steel and coal jobs this year

China to cut 500,000 steel and coal jobs this year

China said Wednesday it will cut 500,000 jobs in the steel and coal industries this year as it continues to trim excess capacity in the smokestack sectors amid a slowing economy. Minister of Human Resources Yin Weimin, in announcing the cuts at a press co
Published 03 Mar, 2017 12:00am
Australian economy extends recession-free run with solid Q4 growth

Australian economy extends recession-free run with solid Q4 growth

Australia's economy rebounded sharply last quarter as commodity exports boomed while consumers and the government lifted spending, extending the resource rich nation's 25-year streak of uninterrupted expansion. The recovery saved the political blushes of
Published 03 Mar, 2017 12:00am
Traders in southern India call for ban on Pepsi, Coke

Traders in southern India call for ban on Pepsi, Coke

Shopkeepers in a southern Indian state began removing Pepsi and Coke from their shelves Wednesday after unions called for a boycott of the softdrink giants, urging consumers to shun foreign brands. Pepsi and Coke sell a range of products across India, inc
Published 03 Mar, 2017 12:00am
Ahold Delhaize posts drop in profits after merger

Ahold Delhaize posts drop in profits after merger

Newly-formed Dutch-Belgian retail giant Ahold Delhaize said Wednesday it was pleased with its 2016 results, despite a drop in overall profits, and the integration of the two businesses was progressing well. Presenting the first set of full results of the
Published 03 Mar, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 03 Mar, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 03 Mar, 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 03 Mar, 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 03 Mar, 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 Thursday (March 02, 2017).

Published 03 Mar, 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 Thursday (March 02, 2017).

Published 03 Mar, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (March 02, 2017).
Published 03 Mar, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (March 02, 2017).

Published 03 Mar, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (March 02, 2017).

Published 03 Mar, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (March 02, 2017).

Published 03 Mar, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (March 02, 2017).

Published 03 Mar, 2017 12:00am