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Archive - 2017-03-13
Turkey blocks return of Dutch envoy, suspends high-level ties
Europe

Turkey blocks return of Dutch envoy, suspends high-level ties

ANKARA: Turkey will not allow the Dutch ambassador to Ankara to return and will suspend high-level ties until The Netherlands meets Turkey's conditions over holding rallies abroad ahead of a referendum, Deputy Prime Minister Numan Kurtulmus said Monday.
Published 13 Mar, 2017 09:33pm
Women's rights under assault worldwide: UN chief
North America

Women's rights under assault worldwide: UN chief

UNITED NATIONS: Women's rights are under fresh assault worldwide, UN Secretary-General Antonio Guterres warned Monday as a two-week conference kicked off at the United Nations to take stock of the fight for gender equality.
Published 13 Mar, 2017 08:10pm
Nisar directs to facilitate Afghans for visa extension
General News

Nisar directs to facilitate Afghans for visa extension

ISLAMABAD: Minister for Interior Chaudhry Nisar Ali Khan Monday directed the director general passport to facilitate Afghan nationals for extension in visa especially at Bannu, Swat, Abbottabad, Mardan and Peshawar passport offices.
Published 13 Mar, 2017 08:06pm
Nisar, Zubair discuss law and order in Karachi, Sindh
General News

Nisar, Zubair discuss law and order in Karachi, Sindh

ISLAMABAD: Minister for Interior Chaudhry Nisar Ali Khan held a meeting with Governor Sindh Muhammad Zubair here Monday and exchanged views on ongoing measures for establishing law and order in Sindh particularly Karachi and political situation in the pro
Published 13 Mar, 2017 07:52pm
NA Speaker chairs meeting on military courts
General News

NA Speaker chairs meeting on military courts

ISLAMABAD: National Assembly Speaker Sardar Ayaz Sadiq on Monday chaired a consultative meeting of parliamentary leaders of political parties here at its chamber on the issue of military courts.
Published 13 Mar, 2017 07:46pm
Marriyum Aurangzeb slams PTI for vilification campaign against PM, family
Pakistan Top News

Marriyum Aurangzeb slams PTI for vilification campaign against PM, family

ISLAMABAD: Minister of State for Information, Broadcasting and National Heritage Marriyum Aurangzeb on Monday slammed the Pakistan Tehreek-e-Insaf (PTI) for running a vilification campaign against Prime Minister Nawaz Sharif and his family in an effort to
Published 13 Mar, 2017 07:38pm
CM Sindh calls for arrangements for BRT buses at Numaish
General News

CM Sindh calls for arrangements for BRT buses at Numaish

KARACHI: Sindh Chief Minister Syed Murad Ali Shah on Monday said that there was a dire need to make a comprehensive arrangement of parking, intersection and mobility of public at Numaish where all the BRT buses would stop and interchange.
Published 13 Mar, 2017 07:38pm
Iran signs $1 billion deal to develop Mehdiabad zinc mine
World

Iran signs $1 billion deal to develop Mehdiabad zinc mine

LONDON: Iran has signed a $1 billion deal with private investors to develop Mehdiabad, one of the world's largest zinc mines, which it expects to go on stream in the next four years and produce 800,000 tonnes of zinc concentrate per year.
Published 13 Mar, 2017 06:48pm
Fillon's campaign relaunch marred by gifts of luxury suits
Europe

Fillon's campaign relaunch marred by gifts of luxury suits

PARIS: Francois Fillon outlined his plans to streamline the state's role in France's economy on Monday as he sought to revive his faltering presidential campaign, but again found himself on the defensive, this time over expensive suits he accepted as gift
Published 13 Mar, 2017 06:46pm
Japan PM Abe seeks Saudi support for Aramco listing in Tokyo
Asia

Japan PM Abe seeks Saudi support for Aramco listing in Tokyo

TOKYO: Japan's Prime Minister Shinzo Abe asked Saudi Arabia's King Salman on Monday to support a listing of oil giant Aramco's shares in Tokyo, as financial centres in Asia and elsewhere step up efforts to win the coveted $100 billion listing.
Published 13 Mar, 2017 02:06pm
Egyptian prosecutor allows for release of Hosni Mubarak: lawyer
World Top News

Egyptian prosecutor allows for release of Hosni Mubarak: lawyer

CAIRO: An Egyptian prosecutor allowed Monday for Hosni Mubarak to be released, his lawyer said, after an appeals court acquitted the ex-president of involvement in the killing of protesters during the 2011 uprising.
Published 13 Mar, 2017 02:00pm
Euro zone bond yields fall, spotlight on Draghi
Managed Funds

Euro zone bond yields fall, spotlight on Draghi

LONDON: Euro zone government bond yields retreated from multi-week highs on Monday as investors looked to a speech by European Central Bank chief Mario Draghi for more policy details after he signalled last week that the urgency for further action was wan
Published 13 Mar, 2017 01:59pm
US stocks flat ahead of Fed meeting
Financial

US stocks flat ahead of Fed meeting

NEW YORK: Wall Street stocks were essentially flat in early trading Monday to open a newsy weak that includes a likely Federal Reserve interest rate hike.
Published 13 Mar, 2017 01:56pm
Trump expected to announce vehicle emissions rules review
North America

Trump expected to announce vehicle emissions rules review

WASHINGTON: US President Donald Trump is expected to visit the Detroit area on Wednesday to hold an event with the chief executives of US automakers to announce a restart of a review of vehicle fuel efficiency rules sought by the industry, according to tw
Published 13 Mar, 2017 01:48pm
Europe to tell G20 it will resist protectionism
Europe

Europe to tell G20 it will resist protectionism

BRUSSELS: European Union finance ministers will tell a G20 meeting this week that they will resist protectionism and that financial rules introduced after the 2008 crisis must be kept in place.
Published 13 Mar, 2017 01:27pm
Peru strike helps lift copper
Financial

Peru strike helps lift copper

LONDON: Copper rose 1 percent on Monday, buoyed mostly by supply disruptions after workers at Peru's top copper miner downed tools indefinitely late last week.
Published 13 Mar, 2017 01:26pm
US anti-doping chief says WADA is fox guarding hen house
Sports

US anti-doping chief says WADA is fox guarding hen house

LAUSANNE: The World Anti-Doping Agency (WADA) is not an independent body and in its current state cannot police sport as it lacks the powers of a global regulator, US Anti-Doping Agency chief Travis Tygart said on Monday.
Published 13 Mar, 2017 01:25pm
NATO urges Turkey, allies to 'de-escalate' tensions
World Top News

NATO urges Turkey, allies to 'de-escalate' tensions

BRUSSELS: NATO chief Jens Stoltenberg on Monday urged Turkey and its NATO allies to reduce tensions stoked by Ankara's demands that it be allowed to send government officials to rally Turks living in Germany and The Netherlands.
Published 13 Mar, 2017 12:47pm
Women MPs can effectively support legislative business: Ayaz
Pakistan

Women MPs can effectively support legislative business: Ayaz

ISLAMABAD: National Assembly Speaker Sardar Ayaz Sadiq on Monday said that women parliamentarian networks could build alliances to effectively support their oversight, legislative and representative roles at the parliament for achieving social justice for
Published 13 Mar, 2017 12:43pm
More than 320,000 dead in six years of Syria war: monitor
World Top News

More than 320,000 dead in six years of Syria war: monitor

BEIRUT: Syria's war has killed just over 320,000 people since it erupted six years ago, a monitor said Monday, noting that a fragile ceasefire had helped to slow the rising death toll.
Published 13 Mar, 2017 12:11pm
PM directs to expedite progress on NAP
Front Top News

PM directs to expedite progress on NAP

Prime Minister Muhammad Nawaz Sharif Monday expressed satisfaction on progress made by Pakistan Army and other Law Enforcement Agencies against the miscreants and directed to further expedite the pace of implementation on National Action Plan
Published 13 Mar, 2017 12:03pm
Malala gets conditional offer to study PPE at Oxford
Arts

Malala gets conditional offer to study PPE at Oxford

%D%AThe youngest Nobel Prize winning activist from Pakistan, Malala Yousafzai has revealed that she intends to study at a British university and striving to get three As in her A Level exams to get enrolled at the prestigious, Oxford University.
Published 13 Mar, 2017 11:17am
Afghan batsman overtakes Kohli, Akmal in T20Is
Cricket

Afghan batsman overtakes Kohli, Akmal in T20Is

Team Afghanistan has been on a roll recently as they trumped Ireland in the recently concluded series, beating the giant slayers by 28 runs in the last match to seal a 3-0 whitewash, and with that taking their unbeaten streak to a record 11 games in T20Is
Published 13 Mar, 2017 11:03am
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 Monday having 48621.
Published 13 Mar, 2017 10:59am
Turkey summons Dutch envoy for third time
Europe

Turkey summons Dutch envoy for third time

ANKARA: Turkey on Monday summoned the Dutch charge d'affaires for the third day in a row, foreign ministry sources said, as a diplomatic feud between the NATO allies deepened.
Published 13 Mar, 2017 10:49am
PRA to launch new tax system for beauty salons
Top News

PRA to launch new tax system for beauty salons

LAHORE: After successful roll-out of RIMS (Restaurant Invoice Monitoring System), the Punjab Revenue Authority (PRA) has now developed Beauty Parlours Invoice Monitoring System (BIMS) which has been made in collaboration with Punjab Information Technology
Published 13 Mar, 2017 10:39am
Karachi matric exams to be held in two phases due to census
General News

Karachi matric exams to be held in two phases due to census

%D%AMUHAMMAD SHAFA %D%AKARACHI: Chairman of Board of Secondary Education Karachi (BSEK) Professor Dr Saeeduddin said on Sunday that the exams of matriculation would be held in two phases from March 28 to May 3, 2017 because of shortage of teachers who wil
Published 13 Mar, 2017 09:49am
Powerful Saudi prince to meet Trump
Front Top News

Powerful Saudi prince to meet Trump

RIYADH: Saudi Arabia's powerful Deputy Crown Prince Mohammed bin Salman, seeking foreign investment in an economic reform plan, left for the US Monday to meet President Donald Trump, state media said.
Published 13 Mar, 2017 09:46am
Science suggests muslim prayer over yoga practice
Technology

Science suggests muslim prayer over yoga practice

A recent new study suggests that movement and motions involved in daily muslim prayers may offer relief from lower back pain quite akin to physical therapy and yoga. The research also proposed that regularly practicing the respective motions could immense
Published 13 Mar, 2017 09:46am
PSL fixing row: Irfan to appear before PCB today
Cricket

PSL fixing row: Irfan to appear before PCB today

Muhammad Irfan, the tall Pakistani fast bowler, will be presented before the Pakistan Cricket Boards (PCB) anti-corruption unit on Monday in relation to the alleged corruption in the Pakistan Super League (PSL) second edition.
Published 13 Mar, 2017 09:29am
Iran FM says Netanyahu faking history and Jewish faith
Asia

Iran FM says Netanyahu faking history and Jewish faith

TEHRAN: Iran's Foreign Minister Mohammad Javad Zarif accused Israel's Benjamin Netanyahu of ignorance about history and the Jewish faith on Tuesday after he said ancient Persian rulers tried to destroy the Jews.
Published 13 Mar, 2017 09:02am
Hong Kong stocks start week with a rally
Financial

Hong Kong stocks start week with a rally

HONG KONG: Hong Kong shares rallied more than one percent Monday as data showing a better-than-expected jump in US jobs creation highlighted the ongoing improvements in the world's top economy.
Published 13 Mar, 2017 09:00am
Brexit set to begin as bill enters final stages
Europe

Brexit set to begin as bill enters final stages

LONDON: Prime Minister Theresa May is expected to trigger Brexit this week by formally informing the European Union of Britain's intention to leave the bloc, sending her country into uncharted waters.
Published 13 Mar, 2017 08:39am
Russia's 1917 revolutions in five key moments
Life & Style

Russia's 1917 revolutions in five key moments

MOSCOW: Russia this year marks the 100th anniversary of the 1917 February and October revolutions that saw the Bolsheviks come to power, dismantling the Tsarist empire and paving the way to the Soviet Union's creation.
Published 13 Mar, 2017 08:33am
Patient's brain keeps functioning post-death
Technology

Patient's brain keeps functioning post-death

The human brain, the intricate organ that it is, to this day keeps on baffling the scientific community across the world. Whilst learning of its many mysteries, scientists have just discovered that the human brain keeps on functioning for as long as 10 mi
Published 13 Mar, 2017 08:31am
China's Wanda aborts bid for US TV producer
Industry

China's Wanda aborts bid for US TV producer

BEIJING: A $1 billion bid by China's Wanda Group for the operator of the Golden Globe awards has been aborted, the US firm's parent has said, following reports that it was a victim of a Chinese clampdown on overseas investments.
Published 13 Mar, 2017 08:14am
Tokyo stocks hit 15-month high after US jobs data
Financial

Tokyo stocks hit 15-month high after US jobs data

TOKYO: Tokyo stocks hit a 15-month high Monday after solid US jobs data all but guaranteed a Federal Reserve rate hike this week, while struggling Toshiba rallied after saying it planned to announce a delayed earnings report this week.
Published 13 Mar, 2017 08:01am
Pakistan to kick off first census in 19 years
Pakistan Top News

Pakistan to kick off first census in 19 years

ISLAMABAD: Pakistan will this week embark on the enormous task of conducting its first census in almost two decades, after years of bickering between politicians concerned about power bases and federal funding.
Published 13 Mar, 2017 07:57am
Cement: Slippery slope
Miscellaneous

Cement: Slippery slope

The cement sector is not in trouble yet but there are misgivings about certain trends that are emerging now, that warrant a deeper look.
Published 13 Mar, 2017 05:38am
Oil retracing back
Oil and Gas

Oil retracing back

The post-OPEC agreement honeymoon period for oil seems to be over as the price of crude futures retreats below $50.
Published 13 Mar, 2017 05:37am
Karigar's bit in vocational training
Miscellaneous

Karigar's bit in vocational training

With industrial activities picking up and China Pakistan Economic Corridor (CPEC) knocking our doors, there has been a lot of debate around the availability of skilled human resource availability in Pakistan.
Published 13 Mar, 2017 05:37am
Woman and two daughters among four killed in accident

Woman and two daughters among four killed in accident

A bus driver and three passengers were killed while two others injured, when a private passenger bus-bound for Faisalabad from Fort Abbas collided with a wagon at Rajana-Samundri Road here on Sunday.
Published 13 Mar, 2017 12:00am
Rising debt of SOEs

Rising debt of SOEs

The accumulation of debt of state-owned entities (SOEs) continues unabated and State Bank of Pakistan's Statistical Bulletin March 2017 indicates that Rs 168.5 billion was added to this debt in one year - 2016 - giving a grand total of Rs 628 billion by D
Published 13 Mar, 2017 12:00am
Biotech moot held in Peshawar

Biotech moot held in Peshawar

The Directorate of Science and Technology, the government of Khyber Pakhtunkhwa in collaboration with the Institute of Integrative Biosciences (IIB), CECOS University organised a one day "Biotech Young Leaders Conference" at a local hotel in Peshawar.
Published 13 Mar, 2017 12:00am
Unfair distribution of development projects

Unfair distribution of development projects

Talking to Balochistan Chief Minister the other day, Prime Minister Nawaz Sharif stated the obvious when he averred Pakistan cannot become a prosperous country without the development of all its federating units. Many though would disagree with his claim
Published 13 Mar, 2017 12:00am
An unsavoury spectacle

An unsavoury spectacle

The manner in which on Thursday two MNAs behaved outside the National Assembly can be expected from street urchins, but not from members of the nation's highest legislative forum. According to reports, first, PTI's legislator, Murad Saeed, criticised the
Published 13 Mar, 2017 12:00am
Inefficiencies of power sector

Inefficiencies of power sector

There is a general perception in political circles - be they politicians or analysts - that if the Sharif administration is successful in reducing load shedding appreciably - as high as over 8 to 16 hours in urban and rural centres respectively during the
Published 13 Mar, 2017 12:00am
Blast damages bridge in Gwadar

Blast damages bridge in Gwadar

A bridge was partially damaged when a bomb explosion took place under the bridge on main Sur Bandar road in Gwadar on Sunday morning. According to police sources, police received information regarding presence of a bomb under a bridge. However, it went of
Published 13 Mar, 2017 12:00am
Habib Jalib's 24th death anniversary observed

Habib Jalib's 24th death anniversary observed

The 24th death anniversary of renowned revolutionary poet Habib Jalib was observed on Sunday. Habib Jalib was born on March 24, 1928, in a village near Hoshiarpur in British India and died on March 12, 1993, private news channel reported.
Published 13 Mar, 2017 12:00am
Ivanka Trump is exception to dad's 'Buy American' rule
Currency

Ivanka Trump is exception to dad's 'Buy American' rule

In his January inauguration speech, US President Donald Trump made a seemingly straightforward pledge: "We will follow two simple rules: buy American and hire American." His daughter is the exception: even as he spoke, at least eight shipments of Ivanka T
Published 13 Mar, 2017 12:00am
HCCI executive committee meeting held

HCCI executive committee meeting held

Turab Ali Khoja Acting President Hyderabad Chamber of Commerce & Industry (HCCI) presided over the Executive Committee meeting on Sunday. The Executive Committee meeting co-opt Iqbal Hussain Baig and Zulfiqar Ali Chohan on the two vacant seats of Executiv
Published 13 Mar, 2017 12:00am
Double whammy of lower exports, reduced remittances

Double whammy of lower exports, reduced remittances

This is apropos a Business Recorder news item "July-Feb workers' remittances down 2.47pc" carried by the newspaper on Saturday. It has been reported that workers' remittances maintained a downward trend declining slightly by 2.47 percent during the
Published 13 Mar, 2017 12:00am
Vegetable growth plan finalised

Vegetable growth plan finalised

Punjab government has finalised necessary arrangements for plan for launching "Vegetable Growth" in Punjab shortly. Sources in Agriculture department told Business Recorder here Sunday that the basic concept of this proposed programme was to provid
Published 13 Mar, 2017 12:00am
NAB conducts raid on education official's house

NAB conducts raid on education official's house

NAB Karachi conducted a raid and search operation, on a tip off, at the residence of accused namely Bachu Mal within limits of Market Police Station Jail Road at Hyderabad yesterday evening. Bachu Mal is serving as Office Superintendent (BPS-16) at the of
Published 13 Mar, 2017 12:00am
Karachi Mayor lying to hide failures: PPP

Karachi Mayor lying to hide failures: PPP

Pakistan Peoples Party (PPP) has criticised Karachi Mayor Waseem Akhtar over what the PPP officials said his 'failure' during the 100-day cleanliness campaign.
Published 13 Mar, 2017 12:00am
Efforts under way to improve healthcare facilities

Efforts under way to improve healthcare facilities

Punjab Specialised Healthcare & Medical Education Department (PSHMED) is implementing a comprehensive plan of reforms and revamping in tertiary care hospitals of the province for improving healthcare delivery services.
Published 13 Mar, 2017 12:00am
Women are integral part of economy: Zubair

Women are integral part of economy: Zubair

Governor Sindh Mohammad Zubair Sunday said that there is a need to create awareness about the role of women in the society so as to protect them and utilise their capabilities in more effective manner. This he said while addressing the 9th Anniversary of
Published 13 Mar, 2017 12:00am
Work on Mardan Sports' Complex in full swing

Work on Mardan Sports' Complex in full swing

Work on the construction on Rs 280 million Mega Sports' Complex Mardan is in full swing and the Provincial Minister for Elementary and Secondary Education, Mohammad Atif Khan has directed the acceleration of the pace of work on the project.
Published 13 Mar, 2017 12:00am
Maleeha praises DIL for promoting education in Pakistan

Maleeha praises DIL for promoting education in Pakistan

Pakistan's Ambassador to the United Nations Maleeha Lodhi told a packed hall of overseas Pakistanis in London that education was a great challenge in Pakistan but it was also an opportunity.
Published 13 Mar, 2017 12:00am
Landslide at Ethiopia garbage dump kills at least 46

Landslide at Ethiopia garbage dump kills at least 46

At least 46 people died and dozens more were hurt in a giant landslide at Ethiopia's largest rubbish dump outside Addis Ababa, a tragedy squatters living there blamed on a biogas plant being built nearby.
Published 13 Mar, 2017 12:00am
Imran opens Qazi Hussain Ahmed hospital in Naushera

Imran opens Qazi Hussain Ahmed hospital in Naushera

Chairman Pakistan Tehrik-e-Insaf (PTI) Imran Khan on Sunday inaugurated a 350 bedded Qazi Hussain Ahmed Hospital and Medical College in Naushera. Chief Minister Khyber Pakhtunkhwa Pervez Khattak and other provincial ministers were also present on the occa
Published 13 Mar, 2017 12:00am
UK political parties warned of Russian hacking threat

UK political parties warned of Russian hacking threat

A British intelligence agency has told political parties to protect themselves against potential cyber attacks, citing allegations that Russian hackers tried to influence last year's US presidential election.
Published 13 Mar, 2017 12:00am
Your rupee last week
Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (March 6 to 10, 2017).

Published 13 Mar, 2017 12:00am
Belarus detains opposition leaders: rights group

Belarus detains opposition leaders: rights group

Police in Belarus have detained a group of opposition leaders at anti-government protests that have rocked the country after an outcry over a "tax on freeloaders", a prominent local human group rights said.
Published 13 Mar, 2017 12:00am
The Weather

The Weather

The weather report on Sunday (March 12, 2017) and the forecast for Monday (March 13, 2017).

Published 13 Mar, 2017 12:00am
Italy vows to uphold free speech after clashes

Italy vows to uphold free speech after clashes

Italy's government vowed Sunday to defend far-right Northern League leader Matteo Salvini's right to free speech after violent clashes marred his first rally in Naples, proud capital of the country's poor south. "Something very important happened yesterda
Published 13 Mar, 2017 12:00am
Poland accuses EU of 'cheating', after defeat in Tusk vote

Poland accuses EU of 'cheating', after defeat in Tusk vote

Poland, which lost a diplomatic campaign to oust its former premier Donald Tusk from his post as European Council president, has now accused the EU of "cheating" and announced a "negative" policy towards Brussels.
Published 13 Mar, 2017 12:00am
Germany hunts possible contacts of mall attack plotter

Germany hunts possible contacts of mall attack plotter

German police were searching Sunday for possible contacts of an IS fighter believed to be behind a terror plot against a major shopping mall. Authorities had ordered the Limbecker Platz mall in the central city of Essen shut on Saturday over "concrete inf
Published 13 Mar, 2017 12:00am
Two killed at outdoor rock concert in Argentina

Two killed at outdoor rock concert in Argentina

Two people were killed and many more injured when a crush of patrons thronged a rock concert in Argentina early Sunday, officials said. Authorities said some 250,000 people attended the open air concert featuring the popular singer Indio Solari and his ba
Published 13 Mar, 2017 12:00am
FX strategists set to evade research crackdown, at a price
Currency

FX strategists set to evade research crackdown, at a price

Banks' currency trading arms believe they can exempt teams of strategists from new European rules on research by changing their job titles and imposing hard limits on what they can say in public. The MiFID II directive, due to be implemented by the end of
Published 13 Mar, 2017 12:00am
Vietnam state coffee firm plans 35 percent stake sale in IPO

Vietnam state coffee firm plans 35 percent stake sale in IPO

Vietnam National Coffee Corporation (Vinacafe), the top state-owned coffee company, plans to sell a 35-percent stake in an initial public offering (IPO) either later this year or early next year, its chairman said on Sunday.
Published 13 Mar, 2017 12:00am
Vietnam state coffee firm plans 35 percent stake sale in IPO

Vietnam state coffee firm plans 35 percent stake sale in IPO

Vietnam National Coffee Corporation (Vinacafe), the top state-owned coffee company, plans to sell a 35-percent stake in an initial public offering (IPO) either later this year or early next year, its chairman said on Sunday.
Published 13 Mar, 2017 12:00am
Czech crown seen surging, outperforming region
Currency

Czech crown seen surging, outperforming region

The Czech crown could surge almost five percent against the euro in the next 12 months, well outperforming Central European peers, as the central bank is seen removing its cap on the crown's value, a Reuters poll of analysts showed on Tuesday.
Published 13 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 Sunday. 79.50-79.50 (previous 79.50-79.50).
Published 13 Mar, 2017 12:00am
Oil price slide hits Saudi index, Dubai's Shuaa soars on M&A
Currency

Oil price slide hits Saudi index, Dubai's Shuaa soars on M&A

Major Gulf stock market indexes mostly closed lower on Sunday after oil prices plunged at the end of last week to a three-month low, but shares in Dubai's Shuaa Capital and Saudi Arabia's Bank Aljazira surged in response to company-specific news.
Published 13 Mar, 2017 12:00am
Millennial love for Snapchat extends to the stock

Millennial love for Snapchat extends to the stock

For some millennial investors, loyalty to one of their favourite apps matters more than financial details in the case of Snap Inc. The stock of Snapchat's parent company has been on a roller-coaster ride since its market debut last week, surging more than
Published 13 Mar, 2017 12:00am
California gives green light to self-driving car tests

California gives green light to self-driving car tests

The US state of California is easing its rules for autonomous car testing, by allowing testing of vehicles in which there is no human driver. The new rules have yet to be submitted for public consultation, with a final version expected by the end of the y
Published 13 Mar, 2017 12:00am
China's industrial output grows over six percent

China's industrial output grows over six percent

China's industrial output grew more than 6 percent in January and February, a vice chairman of the state economic planner said on Sunday, adding that the survey-based unemployment rate in 31 major cities was about 5 percent for the two-month period.
Published 13 Mar, 2017 12:00am
China vows zero tolerance for faked data

China vows zero tolerance for faked data

China's top statistician said on Sunday anyone caught falsifying economic data would face zero tolerance and be punished under the law. There has long been scepticism about the reliability of Chinese data, especially as the government has sought to reduce
Published 13 Mar, 2017 12:00am
Hyundai in $3.2 billion Iran deal

Hyundai in $3.2 billion Iran deal

An Iranian investment fund signed a deal with Korea's Hyundai Engineering Co. on Sunday for a 3 billion euro ($3.2 billion) petrochemical project, which is awaiting financing by Korean banks, the oil ministry's website SHANA said.
Published 13 Mar, 2017 12:00am
Sudan inflation hits 33.53 percent
Currency

Sudan inflation hits 33.53 percent

Sudan's annual rate of inflation rose to 33.53 percent in February from 32.86 percent the previous month, as food and energy prices kept rising after subsidies were cut in early November, the Central Statistics Office said on Sunday.
Published 13 Mar, 2017 12:00am
UAE wants closer trade ties with Asia, Africa

UAE wants closer trade ties with Asia, Africa

The United Arab Emirates, one of the Middle East's largest economies, wants to expand trade ties with faster growing nations in Asia and Africa, a senior official said on Sunday. Rich Gulf Arab states are looking at ways to diversify their economies, incl
Published 13 Mar, 2017 12:00am
India gold recycling plan fails to tempt households
Currency

India gold recycling plan fails to tempt households

India's ambitious plan to recycle thousands of tonnes of gold lying idle in temples and households looks to have foundered on concerns over high costs and slight returns, in a blow to government hopes of cutting imports of the metal. After 16 months, temp
Published 13 Mar, 2017 12:00am
Egypt's capital set to grow by half a million in 2017

Egypt's capital set to grow by half a million in 2017

Cairo's population is set to grow by 500,000 this year, more than any other city in the world, adding to the pressure on an Egyptian economy struggling to recover from six years of political turmoil. Greater Cairo, a metropolitan area including Cairo and
Published 13 Mar, 2017 12:00am
Warner bites his tongue, hopes to let bat do the talking

Warner bites his tongue, hopes to let bat do the talking

Australia's David Warner is refusing to take the bait after being publicly sledged by India's cricketers, but even if he wanted to fire back the struggling opening batsman has few runs to back up any fighting words. The lefthander has cobbled together jus
Published 13 Mar, 2017 12:00am
Du Plessis surprise at ICC over India spat

Du Plessis surprise at ICC over India spat

South Africa captain Faf du Plessis said Sunday he was surprised no one had been charged by the ICC after the ugly spat which blighted the Australia-India Test series. "I was, yes. Purely from the reason of what I went through in Australia for something I
Published 13 Mar, 2017 12:00am
Top-ranked Murray toppled by qualifier Pospisil

Top-ranked Murray toppled by qualifier Pospisil

World number one Andy Murray crashed out of the ATP Indian Wells Masters on Saturday, sent spinning in straight sets by Canadian qualifier Vasek Pospisil. Pospisil, ranked 129th in the world, triumphed 6-4, 7-6 (7/5), sealing the biggest win of his career
Published 13 Mar, 2017 12:00am
Lewandowski double sends Bayern 10 points clear

Lewandowski double sends Bayern 10 points clear

Striker Robert Lewandowski scored twice to help Bayern Munich beat Eintracht Frankfurt 3-0 on Saturday and open up a 10-point lead at the top of the Bundesliga. Playing their fifth game in 16 days and four days after their 5-1 Champions League demolition
Published 13 Mar, 2017 12:00am
Venus, Kerber advance at Indian Wells

Venus, Kerber advance at Indian Wells

Venus Williams saved three match points as she roared back for a 1-6, 7-6 (7/5), 6-1 victory over old foe Jelena Jankovic on Saturday and a place in the third round at Indian Wells. The seven-time Grand Slam champion, her right arm bandaged and her serve
Published 13 Mar, 2017 12:00am
England retain Six Nations title

England retain Six Nations title

England secured a second consecutive Six Nations title in emphatic style on Saturday by thrashing a supposedly resurgent Scotland 61-21 with a scintillating display encapsulated by a superb hat-trick by recalled centre Jonathan Joseph.
Published 13 Mar, 2017 12:00am
Master Paints, Barry's win in Bank Alfalah Polo

Master Paints, Barry's win in Bank Alfalah Polo

Newage/Master Paints and Barry's carved out sensational victories in the five-chukker in Bank Alfalah National Open Polo Championship for Quaid-i-Azam Gold Cup 2017 here at the jam-packed Lahore Polo Club ground on Sunday.
Published 13 Mar, 2017 12:00am
Son shines but Kane injury mars Spurs stroll

Son shines but Kane injury mars Spurs stroll

Son Heung-Min's hat-trick fired Tottenham into the FA Cup semi-finals, but his side's 6-0 victory against Millwall was overshadowed by Harry Kane's potentially serious ankle injury. Kane limped off in the 10th minute at White Hart Lane after his ankle twi
Published 13 Mar, 2017 12:00am
Barca suffer PSG hangover in Deportivo defeat

Barca suffer PSG hangover in Deportivo defeat

Barcelona suffered a hangover from their remarkable Champions League comeback against Paris Saint-Germain as Alex Bergantinos's winner 16 minutes from time handed Deportivo la Coruna a famous 2-1 win on Sunday. Joselu had fired Deportivo into a first-half
Published 13 Mar, 2017 12:00am
Remarkable Chawrasia retains Indian Open crown

Remarkable Chawrasia retains Indian Open crown

Local favourite SSP Chawrasia made history after retaining his title at the Hero Indian Open with a remarkable seven-stroke win in New Delhi on Sunday. Chawrasia, 38, became the first Indian to successfully defend a European Tour title and the first playe
Published 13 Mar, 2017 12:00am
AIG to set up EU subsidiary in Luxembourg

AIG to set up EU subsidiary in Luxembourg

US insurer AIG plans to set up a European Union subsidiary in Luxembourg, the biggest financial services firm so far to announce plans to establish an EU hub as a response to Britain's decision to leave the regional bloc. Several other insurers have said
Published 13 Mar, 2017 12:00am
Adidas US push keeps up pressure on Nike, Under Armour
Currency

Adidas US push keeps up pressure on Nike, Under Armour

The new boss of Adidas increased sales and profit targets on Wednesday, sending shares in the German sportswear firm to a record high as he pledged to keep investing heavily in the key US market and do more to boost ecommerce sales. The more ambitious tar
Published 13 Mar, 2017 12:00am
Inmarsat's earnings boosted by governments, airlines

Inmarsat's earnings boosted by governments, airlines

British satellite company Inmarsat said strong demand from governments and aviation customers in the final quarter of 2016 helped core earnings for the year to rise 9.5 percent to $795 million, sending its shares to a two-month high.
Published 13 Mar, 2017 12:00am
Credit Agricole watching M&A opportunities in Italy

Credit Agricole watching M&A opportunities in Italy

Credit Agricole is watching for opportunities in Italy's banking consolidation as it pursues plans to acquire Unicredit's asset manager Pioneer. Credit Agricole has sold assets and pulled out of markets such as Greece to meet tougher post-crisis regulatio
Published 13 Mar, 2017 12:00am
Sanofi gears up for European generic drugs unit sale

Sanofi gears up for European generic drugs unit sale

French drug maker Sanofi is looking to hire advisers for the sale of its European generic drug business by the end of the month, sources told Reuters, ahead of an auction process which is set to start after the summer.
Published 13 Mar, 2017 12:00am
Autos bosses focus on tech, play down PSA-Opel impact

Autos bosses focus on tech, play down PSA-Opel impact

The auto industry is facing seismic changes with the rise of electric vehicles, automated driving and car sharing, and adapting to these will eclipse even big mergers such as PSA's purchase of Opel, executives at the Geneva auto show said.
Published 13 Mar, 2017 12:00am
Hugo Boss to make online push to help revive sales
Currency

Hugo Boss to make online push to help revive sales

Hugo Boss said on Thursday that improving its online business will be a top priority this year as the struggling German fashion house hopes to avoid another decline in sales and cement a recovery in China. The company known for its smart men's suits is in
Published 13 Mar, 2017 12:00am
Google vows to fix 'inappropriate' search results

Google vows to fix 'inappropriate' search results

Google said Monday it was working to fix a search algorithm glitch that produced "inappropriate and misleading" results from its search engine and connected speaker. The internet giant reacted after a blog post highlighted unsubstantiated search results i
Published 13 Mar, 2017 12:00am
SAP to offer its business apps on Google Cloud

SAP to offer its business apps on Google Cloud

Germany's SAP is teaming up with Silicon Valley giant Google to allow customers to run SAP's big business applications on Google's cloud while offering Google's suite of web-based desktop apps to users, the company said on Wednesday. Appearing on stage at
Published 13 Mar, 2017 12:00am
Offline AI revolution awaits smartphones

Offline AI revolution awaits smartphones

The smartphone revolution is poised to go onto the next level - with "superphones" equipped with artificial intelligence now on the horizon. By learning their owners' habits, these new phones will be able to carry out tasks even when they're offline.
Published 13 Mar, 2017 12:00am
African Union launches .africa for the continent

African Union launches .africa for the continent

In the beginning was .com, followed by a host of other .somethings, but on Friday, 32 years after the world's first domain name was registered, the African Union has launched .africa for the continent. Africans who want to register a website will be able
Published 13 Mar, 2017 12:00am
China's Didi launches Silicon Valley research hub

China's Didi launches Silicon Valley research hub

Chinese ridesharing leader Didi Chuxing has opened a Silicon Valley research hub, where it will join the race with other tech companies for autonomous driving. The Didi Labs center in Mountain View - which is also the home of Google - will focus on "intel
Published 13 Mar, 2017 12:00am
Virtual-reality hype fades, 3D printing solidifies

Virtual-reality hype fades, 3D printing solidifies

Virtual-reality hype is fading while 3D printing solidifies. Tepid sales, legal questions and immature technology are putting dreams of imminent immersive digital worlds on the back shelf. Meanwhile, steady progress is burning away disillusionment over di
Published 13 Mar, 2017 12:00am
Cybercriminals focusing on data-rich smartphones

Cybercriminals focusing on data-rich smartphones

Smartphones have become a mine of personal information, holding bank data, credit card information and addresses, making them the preferred target for cybercriminals, experts warn. "Cybercriminals go where there is value, and they have understood that the
Published 13 Mar, 2017 12:00am
Internet-connected 'smart' devices are dunces about security

Internet-connected 'smart' devices are dunces about security

These days, it's possible to use your phone and sometimes just your voice to control everything from your TV to your lights, your thermostat and shades, even your car or medical device. (At least, once you have gadgets that can listen.)
Published 13 Mar, 2017 12:00am
Second consecutive year: Australia's GBR faces mass coral bleaching

Second consecutive year: Australia's GBR faces mass coral bleaching

Australia's Great Barrier Reef is experiencing an unprecedented second straight year of mass coral bleaching, scientists said on Friday, warning many species would struggle to fully recover. The 2,300-kilometre (1,400-mile) reef suffered its most severe b
Published 13 Mar, 2017 12:00am
Unhealthy eating linked to 400,000 US deaths a year

Unhealthy eating linked to 400,000 US deaths a year

Unhealthy eating habits can be blamed for more than 400,000 US deaths a year due to heart disease and related illnesses, researchers said on Thursday. The problem is twofold: Americans are eating too much salty, fatty and sugary fare, and not enough fruit
Published 13 Mar, 2017 12:00am
Soy tied to longer life after breast cancer

Soy tied to longer life after breast cancer

Eating more soy may be tied to better survival odds for many women with breast cancer and may not be harmful for patients treated with hormones, a new study suggests. Previous nutrition research has linked soy to a longer life, but prior studies have also
Published 13 Mar, 2017 12:00am
Deadly yellow fever may spread to Brazil's big cities: WHO

Deadly yellow fever may spread to Brazil's big cities: WHO

The entire Brazilian state of Espirito Santo is now considered at risk for yellow fever transmission, the World Health Organisation says, raising concerns the deadly virus could spread to the nation's biggest cities.
Published 13 Mar, 2017 12:00am
Polluted environment kills 1.7 million children a year: WHO

Polluted environment kills 1.7 million children a year: WHO

A quarter of all global deaths of children under five are due to unhealthy or polluted environments including dirty water and air, second-hand smoke and a lack or adequate hygiene, the World Health Organisation (WHO) said on Monday. Such unsanitary and po
Published 13 Mar, 2017 12:00am
'Rang Do Multan' drive in pre-final phase

'Rang Do Multan' drive in pre-final phase

'Rang Do Multan' campaign, a project funded by Italian Government to protect walls of the city of Garma, Gard and Goristan presents an eye catching view of wearing rainbow around the oldest walled city buildings reflecting multi-shades of colours in sun l
Published 13 Mar, 2017 12:00am
4th Women Trade Fair to begin on March 14

4th Women Trade Fair to begin on March 14

The 4th Women Trade Fair will begin from March 14 in local hotel in Peshawar, aiming at showcasing the women handicraft and market in befitting manner. According to an official communiqué, the Tourism Corporation Khyber Pakhtunkhwa (TCKP) in joint collabo
Published 13 Mar, 2017 12:00am
Hindu community celebrates Holi

Hindu community celebrates Holi

As elsewhere, the Hindu community in the metropolis on Sunday celebrated Holi, the festival of colours. The event began on Sunday evening and will continue till the evening of Monday. Holi signifies the victory of good over evil and also heralds the adven
Published 13 Mar, 2017 12:00am
Shahbaz felicitates Hindu community on Holi

Shahbaz felicitates Hindu community on Holi

Punjab Chief Minister Shahbaz Sharif felicitated the Hindu community of Pakistan on the festival of Holi. In his felicitation message on Sunday, Punjab Chief Minister said that the Holi festival spreads brotherhood feelings and goodwill gesture and this c
Published 13 Mar, 2017 12:00am
Minister attends Holy festival

Minister attends Holy festival

Provincial Minister for Human Rights and Minorities Affairs Khalil Tahir Sandhu has felicitated the Hindu Community of the province on the eve of Holi. The Minister also participated in the main celebrations of Holi Festival at Krishna Mandir along with M
Published 13 Mar, 2017 12:00am
JI asks JUI-F to support Fata reforms

JI asks JUI-F to support Fata reforms

Provincial Ameer, Jamaat-e-Islami (JI), Khyber Pakhtunkhwa, Mushtaq Ahmad Khan has urged the JUI-F Chief, Maulana Fazlur Rehman to support recently announced FATA reforms and demanded local government elections in FATA as soon as possible. Addressing a pr
Published 13 Mar, 2017 12:00am
WoB to perform bell ringing ceremony at PSX

WoB to perform bell ringing ceremony at PSX

The activists and supporters of Women on Board (WoB) Pakistan shall perform the 'opening bell ringing ceremony' at Pakistan Stock Exchange to express their commitment for improving the acute under-representation levels of women in the country's publicly l
Published 13 Mar, 2017 12:00am
Jordan releases soldier who killed 7 Israeli schoolgirls

Jordan releases soldier who killed 7 Israeli schoolgirls

A Jordanian soldier who shot dead seven Israeli schoolgirls in 1997 was released from prison Sunday after serving out his life sentence, sparking outrage from the families of those killed. In March 1997, Ahmad Dakamseh fired an automatic weapon at schoolg
Published 13 Mar, 2017 12:00am
Bus in Haiti flees accident, kills 34

Bus in Haiti flees accident, kills 34

A bus speeding away from the scene of a hit-and-run accident plowed into dozens of street musicians in the Haitian city of Gonaives on Sunday, killing a total of 34 people, officials said.
Published 13 Mar, 2017 12:00am
Palestinian police use tear gas, batons to disperse protest

Palestinian police use tear gas, batons to disperse protest

Palestinian security forces used tear gas and batons to disperse a protest Sunday at a court involved in the case of five Palestinians, including one recently killed by Israeli forces, activists and lawyers said.
Published 13 Mar, 2017 12:00am
Russian private security firm says it had armed men in east Libya

Russian private security firm says it had armed men in east Libya

A force of several dozen armed private security contractors from Russia operated until last month in a part of Libya that is under the control of regional leader Khalifa Haftar, the head of the firm that hired the contractors told Reuters.
Published 13 Mar, 2017 12:00am
Russian private security firm says it had armed men in east Libya

Russian private security firm says it had armed men in east Libya

A force of several dozen armed private security contractors from Russia operated until last month in a part of Libya that is under the control of regional leader Khalifa Haftar, the head of the firm that hired the contractors told Reuters.
Published 13 Mar, 2017 12:00am
Saudi king arrives in Tokyo for four-day visit

Saudi king arrives in Tokyo for four-day visit

Saudi Arabia's King Salman arrived in Tokyo Sunday, making the first visit to Japan by a monarch from the oil-rich nation in nearly five decades. The 81-year-old king, who was greeted by Japan's Crown Prince Naruhito at Haneda airport, will meet Prime Min
Published 13 Mar, 2017 12:00am
Dozens injured in Georgia riot

Dozens injured in Georgia riot

Nearly two dozen people were hospitalised Sunday in Georgia's Black Sea port of Batumi after police used tear gas and rubber bullets against hundreds of stone-throwing rioters, local media reported. The violent clashes reportedly followed a spontaneous pr
Published 13 Mar, 2017 12:00am
South Korea impeached former president leaves Blue House

South Korea impeached former president leaves Blue House

South Korea's impeached ex-president Park Geun-Hye left the Blue House Sunday, issuing an apology for not completing her full term as she arrived back at her private residence. Park vacated the presidential complex, accompanied by tight security, two days
Published 13 Mar, 2017 12:00am
Fillon under scrutiny over cash for bespoke suits

Fillon under scrutiny over cash for bespoke suits

Conservative French presidential hopeful Francois Fillon, already dogged by a fake jobs scandal, faced new scrutiny Sunday over a mystery benefactor reportedly paying for his bespoke suits.
Published 13 Mar, 2017 12:00am
Rising debt of SOEs

Rising debt of SOEs

The accumulation of debt of state-owned entities (SOEs) continues unabated and State Bank of Pakistan's Statistical Bulletin March 2017 indicates that Rs 168.5 billion was added to this debt in one year - 2016 - giving a grand total of Rs 628 billion by D
Published 13 Mar, 2017 12:00am
Unfair distribution of development projects

Unfair distribution of development projects

Talking to Balochistan Chief Minister the other day, Prime Minister Nawaz Sharif stated the obvious when he averred Pakistan cannot become a prosperous country without the development of all its federating units. Many though would disagree with his claim
Published 13 Mar, 2017 12:00am
An unsavoury spectacle

An unsavoury spectacle

The manner in which on Thursday two MNAs behaved outside the National Assembly can be expected from street urchins, but not from members of the nation's highest legislative forum. According to reports, first, PTI's legislator, Murad Saeed, criticised the
Published 13 Mar, 2017 12:00am
Inefficiencies of power sector

Inefficiencies of power sector

There is a general perception in political circles - be they politicians or analysts - that if the Sharif administration is successful in reducing load shedding appreciably - as high as over 8 to 16 hours in urban and rural centres respectively during the
Published 13 Mar, 2017 12:00am
Ivanka Trump is exception to dad's 'Buy American' rule
Currency

Ivanka Trump is exception to dad's 'Buy American' rule

In his January inauguration speech, US President Donald Trump made a seemingly straightforward pledge: "We will follow two simple rules: buy American and hire American." His daughter is the exception: even as he spoke, at least eight shipments of Ivanka T
Published 13 Mar, 2017 12:00am
Double whammy of lower exports, reduced remittances

Double whammy of lower exports, reduced remittances

This is apropos a Business Recorder news item "July-Feb workers' remittances down 2.47pc" carried by the newspaper on Saturday. It has been reported that workers' remittances maintained a downward trend declining slightly by 2.47 percent during the
Published 13 Mar, 2017 12:00am
Karachi Mayor lying to hide failures: PPP

Karachi Mayor lying to hide failures: PPP

Pakistan Peoples Party (PPP) has criticised Karachi Mayor Waseem Akhtar over what the PPP officials said his 'failure' during the 100-day cleanliness campaign.
Published 13 Mar, 2017 12:00am
Women are integral part of economy: Zubair

Women are integral part of economy: Zubair

Governor Sindh Mohammad Zubair Sunday said that there is a need to create awareness about the role of women in the society so as to protect them and utilise their capabilities in more effective manner. This he said while addressing the 9th Anniversary of
Published 13 Mar, 2017 12:00am
Work on Mardan Sports' Complex in full swing

Work on Mardan Sports' Complex in full swing

Work on the construction on Rs 280 million Mega Sports' Complex Mardan is in full swing and the Provincial Minister for Elementary and Secondary Education, Mohammad Atif Khan has directed the acceleration of the pace of work on the project.
Published 13 Mar, 2017 12:00am
Maleeha praises DIL for promoting education in Pakistan

Maleeha praises DIL for promoting education in Pakistan

Pakistan's Ambassador to the United Nations Maleeha Lodhi told a packed hall of overseas Pakistanis in London that education was a great challenge in Pakistan but it was also an opportunity.
Published 13 Mar, 2017 12:00am
Imran opens Qazi Hussain Ahmed hospital in Naushera

Imran opens Qazi Hussain Ahmed hospital in Naushera

Chairman Pakistan Tehrik-e-Insaf (PTI) Imran Khan on Sunday inaugurated a 350 bedded Qazi Hussain Ahmed Hospital and Medical College in Naushera. Chief Minister Khyber Pakhtunkhwa Pervez Khattak and other provincial ministers were also present on the occa
Published 13 Mar, 2017 12:00am
Your rupee last week
Currency

Your rupee last week

Following currency fluctuations took place in foreign exchange rates during the last week. (March 6 to 10, 2017).

Published 13 Mar, 2017 12:00am
The Weather

The Weather

The weather report on Sunday (March 12, 2017) and the forecast for Monday (March 13, 2017).

Published 13 Mar, 2017 12:00am
Erdogan warns Netherlands will 'pay price'

Erdogan warns Netherlands will 'pay price'

Turkish President Recep Tayyip Erdogan on Sunday warned the Netherlands would pay for blocking his ministers from holding rallies to win support in a referendum on expanding his powers, as a crisis escalated with Turkey's key EU partners. Erdogan also rep
Published 13 Mar, 2017 12:00am
Erdogan warns Netherlands will 'pay price'

Erdogan warns Netherlands will 'pay price'

Turkish President Recep Tayyip Erdogan on Sunday warned the Netherlands would pay for blocking his ministers from holding rallies to win support in a referendum on expanding his powers, as a crisis escalated with Turkey's key EU partners. Erdogan also rep
Published 13 Mar, 2017 12:00am
Advanced Chinese surface-to-air missile added to system

Advanced Chinese surface-to-air missile added to system

Pakistan has added Chinese made LY-80 Surface-to-Air Missile to its defence system, said Inter-Services Public Relations (ISPR). A statement from the military's public affairs wing said Army Chief General Qamar Javed Bajwa was the chief guest at the cerem
Published 13 Mar, 2017 12:00am
Advanced Chinese surface-to-air missile added to system

Advanced Chinese surface-to-air missile added to system

Pakistan has added Chinese made LY-80 Surface-to-Air Missile to its defence system, said Inter-Services Public Relations (ISPR). A statement from the military's public affairs wing said Army Chief General Qamar Javed Bajwa was the chief guest at the cerem
Published 13 Mar, 2017 12:00am
THE RUPEE: moves up slightly
Currency

THE RUPEE: moves up slightly

The rupee posted fresh gains cautiously against the dollar on the money market during the wweek, ended on March 11, 2017.
Published 13 Mar, 2017 12:00am
THE RUPEE: moves up slightly
Currency

THE RUPEE: moves up slightly

The rupee posted fresh gains cautiously against the dollar on the money market during the wweek, ended on March 11, 2017.
Published 13 Mar, 2017 12:00am
Shipping companies to collect 'Port Congestion Charge'

Shipping companies to collect 'Port Congestion Charge'

In an astonishing move, the shipping companies have announced to begin collecting 'Port Congestion Charge' from importers from March 22, 2017. According to the client advisory issued by the shipping lines, Containers Imbalance Charge (CIC) or Port Congest
Published 13 Mar, 2017 12:00am
Shipping companies to collect 'Port Congestion Charge'

Shipping companies to collect 'Port Congestion Charge'

In an astonishing move, the shipping companies have announced to begin collecting 'Port Congestion Charge' from importers from March 22, 2017. According to the client advisory issued by the shipping lines, Containers Imbalance Charge (CIC) or Port Congest
Published 13 Mar, 2017 12:00am
Shipping companies to collect ''Port Congestion Charge''

Shipping companies to collect ''Port Congestion Charge''

In an astonishing move, the shipping companies have announced to begin collecting ''Port Congestion Charge'' from importers from March 22, 2017. According to the client advisory issued by the shipping lines, Containers Imbalance Charge (CIC) or Port Conge
Published 13 Mar, 2017 12:00am
Article four consultations with IMF from March 28

Article four consultations with IMF from March 28

Article 4 consultations with senior officials of International Monetary Fund (IMF) will be held in Dubai from March 28 to April 5. According to a Finance Ministry spokesman, an IMF delegation was invited for the consultations, which was scheduled to visit
Published 13 Mar, 2017 12:00am
Article four consultations with IMF from March 28

Article four consultations with IMF from March 28

Article 4 consultations with senior officials of International Monetary Fund (IMF) will be held in Dubai from March 28 to April 5. According to a Finance Ministry spokesman, an IMF delegation was invited for the consultations, which was scheduled to visit
Published 13 Mar, 2017 12:00am
Article four consultations with IMF from March 28

Article four consultations with IMF from March 28

Article 4 consultations with senior officials of International Monetary Fund (IMF) will be held in Dubai from March 28 to April 5. According to a Finance Ministry spokesman, an IMF delegation was invited for the consultations, which was scheduled to visit
Published 13 Mar, 2017 12:00am
SBP bans particular foreign trips of banks

SBP bans particular foreign trips of banks

The State Bank of Pakistan (SBP) has barred commercial banks from undertaking some specific foreign trips. Sources told Business Recorder on Sunday that SBP has also called a meeting of the heads of the commercial banks at SBP head office Karachi t
Published 13 Mar, 2017 12:00am
SBP bans particular foreign trips of banks

SBP bans particular foreign trips of banks

The State Bank of Pakistan (SBP) has barred commercial banks from undertaking some specific foreign trips. Sources told Business Recorder on Sunday that SBP has also called a meeting of the heads of the commercial banks at SBP head office Karachi t
Published 13 Mar, 2017 12:00am
Uncertainty hits equities

Uncertainty hits equities

Pakistan Stock Exchange (PSX) remained under pressure during the outgoing week ended on March 10 and the benchmark KSE-100 index declined by 432.06 points or 0.87 percent on week-on-week basis to close at 49,191.75 points.
Published 13 Mar, 2017 12:00am
Uncertainty hits equities

Uncertainty hits equities

Pakistan Stock Exchange (PSX) remained under pressure during the outgoing week ended on March 10 and the benchmark KSE-100 index declined by 432.06 points or 0.87 percent on week-on-week basis to close at 49,191.75 points.
Published 13 Mar, 2017 12:00am
Uncertainty hits equities

Uncertainty hits equities

Pakistan Stock Exchange (PSX) remained under pressure during the outgoing week ended on March 10 and the benchmark KSE-100 index declined by 432.06 points or 0.87 percent on week-on-week basis to close at 49,191.75 points.
Published 13 Mar, 2017 12:00am
Futures spread down by 60 basis points

Futures spread down by 60 basis points

The futures spread declined by 60bps to 6.04 percent during the outgoing week ended on March 10. Trading activities on the futures counter remained low as average daily trading volumes decreased by 21.9 percent to 37.39 million shares.
Published 13 Mar, 2017 12:00am