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Archive - 2017-03-16
Somali pirates release hijacked oil tanker, hostages
Africa

Somali pirates release hijacked oil tanker, hostages

MOGADISHU: Somali pirates on Thursday handed over an oil tanker and eight Sri Lankan hostages captured just days ago, the Oceans Beyond Piracy NGO told AFP, bringing to a close the first such attack since 2012.
Published 16 Mar, 2017 11:32pm
JPMorgan Chase names new head of retail brokerage
Industry

JPMorgan Chase names new head of retail brokerage

NEW YORK: JPMorgan Chase & Co named the head of its Latin America Private Bank as the new chief executive of its New York-based retail brokerage, JPMorgan Securities, the bank said on Thursday.
Published 16 Mar, 2017 11:19pm
Dollar slides, yields rise as investors digest Fed
Financial

Dollar slides, yields rise as investors digest Fed

NEW YORK: The dollar sank to a five-week low on Thursday while US bond yields rose as investors digested the recent US interest rate increase and indications there would be no pick-up in the pace of monetary tightening.
Published 16 Mar, 2017 10:53pm
French teen school shooter tackled by 'hero' teacher
Europe

French teen school shooter tackled by 'hero' teacher

GRASSE: A disturbed teenager with guns and grenades opened fire in a school in southern France on Thursday, slightly wounding four people, officials said, rattling nerves in a country scarred by militants attacks.
Published 16 Mar, 2017 10:40pm
ECP decision not clean chit to Imran, Tareen: Marriyum
Pakistan Top News

ECP decision not clean chit to Imran, Tareen: Marriyum

ISLAMABAD: Minister of State, Marriyum Aurangzeb Thursday said the Election Commission has disposed off the disqualification references against PTI chairman Imran Khan and his deputy Jehangir Tareen on technical grounds and it should not be construed as c
Published 16 Mar, 2017 10:11pm
Sartaj Aziz, Sir Mark Lyall Grant discuss Pak-UK ties in London
Front Top News

Sartaj Aziz, Sir Mark Lyall Grant discuss Pak-UK ties in London

ISLAMABAD: Adviser to the Prime Minister on Foreign Affairs, Sartaj Aziz met Sir Mark Lyall Grant, British National Security Advisor at his office in London on Thursday and discussed Pak-UK ties and cooperation.
Published 16 Mar, 2017 09:46pm
CM directs for ensuring missing facilities in schools
General News

CM directs for ensuring missing facilities in schools

PESHAWAR: Khyber Pakhtunkhwa Chief Minister, Pervaiz Khattak Thursday expressing satisfaction over upgradation of schools and directed authorities to ensure missing facilities in 28,000 educational institutions till end of his government's tenure.
Published 16 Mar, 2017 09:45pm
Aitzaz Ahsan hosts luncheon for APA members
General News

Aitzaz Ahsan hosts luncheon for APA members

ISLAMABAD: Leader of Opposition in the Senate Chaudhry Aitzaz Ahsan Thursday hosted a luncheon for the participants of a three-day meeting of the Asian Parlaimentary Assembly (APA)'s Special Committee on Creation of Asian Parliament and Asian Parliamentar
Published 16 Mar, 2017 09:33pm
Merkel, Xi defend free trade ahead of G20 meet
Europe

Merkel, Xi defend free trade ahead of G20 meet

BERLIN: German Chancellor Angela Merkel and Chinese President Xi Jinping Thursday stressed their commitment to free trade ahead of a G20 finance ministers' meeting set to be dominated by debate on protectionism.
Published 16 Mar, 2017 09:26pm
JI favors probe commission in Haqqani Leaks
General News

JI favors probe commission in Haqqani Leaks

LAHORE: Secretary General, Jamaat e Islami, Liaqat Baloch, has supported the demand for setting up a commission to probe the Hussain Haqqani Leaks and for awarding exemplary punishments to the elements undermining national security.
Published 16 Mar, 2017 09:18pm
US stocks pressured as oil rally fizzles
Financial

US stocks pressured as oil rally fizzles

NEW YORK: The Dow and S&P 500 dipped Thursday as a rally in oil prices fizzled and concerns about inaction on key legislative priorities in Washington pressured sentiment.
Published 16 Mar, 2017 09:00pm
Trump budget 'cripples' environment, science, critics say
World Top News

Trump budget 'cripples' environment, science, critics say

MIAMI: US President Donald Trump's proposed 2018 budget would slash funding for science, health and environmental programs at home and abroad, sparking outcry among experts who say the cuts would endanger the planet.
Published 16 Mar, 2017 08:23pm
White House vows to appeal 'flawed' travel ban ruling
Front Top News

White House vows to appeal 'flawed' travel ban ruling

WASHINGTON: The White House said Thursday that Donald Trump's administration would "vigorously defend" a ban on migrants from six majority Muslim nations, and would battle its suspension in the federal courts.
Published 16 Mar, 2017 08:17pm
Macron in Berlin touts 'common ground' with Merkel
Europe

Macron in Berlin touts 'common ground' with Merkel

BERLIN: French presidential hopeful Emmanuel Macron stressed his "common ground" with German Chancellor Angela Merkel on economic reform, fiscal discipline and Europe's future after talks on Thursday.
Published 16 Mar, 2017 07:56pm
Kohli injury not serious says India board
Cricket

Kohli injury not serious says India board

RANCHI: Skipper Virat Kohli was Thursday cleared by the Indian board's medical team to participate in the ongoing third Test against Australia after injuring himself on the opening day in Ranchi.
Published 16 Mar, 2017 07:54pm
Facebook for removing reservations on objectionable material
Pakistan Top News

Facebook for removing reservations on objectionable material

ISLAMABAD: The management of social networking website Facebook Thursday agreed to send a delegation to Pakistan for removing reservations of the government regarding objectionable material.
Published 16 Mar, 2017 07:46pm
One hurt by letter bomb at IMF's Paris office
Front Top News

One hurt by letter bomb at IMF's Paris office

PARIS: A letter bomb exploded at the Paris offices of the International Monetary Fund on Thursday, injuring a secretary who suffered burns to her hands and face.
Published 16 Mar, 2017 07:28pm
UN drugs body takes aim at fentanyl
North America

UN drugs body takes aim at fentanyl

VIENNA: A UN drugs body moved Thursday to crack down on the production of chemicals made to use illicit fentanyl, a powerful synthetic opioid killing thousands in the United States.
Published 16 Mar, 2017 07:18pm
Model Kendall Jenner victim of $200K jewelry theft: TMZ
Life & Style

Model Kendall Jenner victim of $200K jewelry theft: TMZ

LOS ANGELES: Months after her sister Kim Kardashian was robbed at gunpoint in Paris of nearly $10 million in jewels, supermodel Kendall Jenner has reported the theft of jewelry worth $200,000 from her Los Angeles home, celebrity website TMZ reported.
Published 16 Mar, 2017 07:14pm
Ronaldinho, James to play exhibition games in Pakistan
Pakistan Top News

Ronaldinho, James to play exhibition games in Pakistan

KARACHI: Brazil's Ronaldinho, England's David James and Dutch star George Boateng will be among seven top former players to feature in exhibition games in Pakistan in July, organizers said Thursday.
Published 16 Mar, 2017 07:04pm
Yields rise as traders reverse reaction to Fed decision
Managed Funds

Yields rise as traders reverse reaction to Fed decision

NEW YORK: US Treasury yields rose on Thursday from more than one-week lows on the view that they had fallen too sharply in the prior session after the Federal Reserve maintained its outlook for only a gradual pace of interest rate increases this year.
Published 16 Mar, 2017 04:34pm
Merkel to make rare Russia visit for Putin talks
World Top News

Merkel to make rare Russia visit for Putin talks

MOSCOW: Germany's Angela Merkel will visit Moscow for talks on May 2, Russian President Vladimir Putin said on Thursday, the chancellor's first trip to Russia in nearly two years.
Published 16 Mar, 2017 04:24pm
TSX rises as financials, Canada Goose climb
Financial

TSX rises as financials, Canada Goose climb

TORONTO: Canada's main stock index rose on Thursday, led by gains for financials as bond yields rose, while luxury parka maker Canada Goose Holdings Inc made its stock market debut, trading well above the price of its initial public offering.
Published 16 Mar, 2017 04:23pm
Smith, Maxwell power Australia to 299-4
Cricket

Smith, Maxwell power Australia to 299-4

RANCHI: Australian skipper Steve Smith silenced his critics with a gritty century on Thursday's opening day of the third Test against India, before declaring he had moved on from his war of words with Virat Kohli.
Published 16 Mar, 2017 03:57pm
COAS holds meetings with Chinese senior political, military leadership
Pakistan Top News

COAS holds meetings with Chinese senior political, military leadership

BEIJING: Chief of Army Staff (COAS) General Qamar Javed Bajwa here on Thursday met the Chinese senior political and military leadership and discussed matters related to regional security, economy, defence cooperation and mutual interest.
Published 16 Mar, 2017 03:10pm
Erdogan accuses EU of launching anti-Islam 'crusade'
World Top News

Erdogan accuses EU of launching anti-Islam 'crusade'

ISTANBUL: Turkey's president Thursday accused the EU's top court of starting a "crusade" against Islam after a ruling allowing European companies to ban employees from wearing religious or political symbols including the headscarf.
Published 16 Mar, 2017 01:56pm
Circular Debt soars to Rs.393bn
Pakistan Top News

Circular Debt soars to Rs.393bn

ISLAMABAD: A sub-committee of the Senate on Water and Power was informed Thursday that the circular debt has increased to Rs.
Published 16 Mar, 2017 01:01pm
Government to think FTA matters through: Dastgir
General News

Government to think FTA matters through: Dastgir

MUSHTAQ GHUMMAN%D%A%D%AISLAMABAD: Commerce Minister Engineer Khurram Dastgir Khan said on Wednesday that Nawaz Sharif government will not sign any Free Trade Agreement (FTA) that does not safeguard the countrys interests.
Published 16 Mar, 2017 11:36am
RECORDER REPORT-PSX close of day
Pakistan Top News

RECORDER REPORT-PSX close of day

KARACHI: Karachi Stock Exchange (KSE) 100 index closed higher on Thursday having 48289.
Published 16 Mar, 2017 11:03am
Census of Manufacturing Industries
General News

Census of Manufacturing Industries

SIALKOT: Pakistan Bureau of Statistic (PBS) is conducting five-yearly census of Manufacturing Industries (CMI) across Pakistan for the financial year 2015-16 in collaboration with its provincial partners.
Published 16 Mar, 2017 10:47am
THONIS by Christoph Gerick
Featured Photos

THONIS by Christoph Gerick

Photo Credit: Christoph Gerick%Dhristoph Gerick, a brilliant under-water marine photographer was born in Germany in 1965 and currently resides in France.
Published 16 Mar, 2017 09:18am
Hong Kong stocks rally on Fed rate call
Financial

Hong Kong stocks rally on Fed rate call

HONG KONG: Hong Kong stocks surged more than two percent on Thursday after the Federal Reserve hiked interest rates but signalled a slower pace of monetary tightening through the year.
Published 16 Mar, 2017 08:28am
Big Cat In My Backyard by Nayan Khanolkar
Featured Photos

Big Cat In My Backyard by Nayan Khanolkar

Photo Credit: Nayan Khanolkar%D%ANayan Khanolkar is a self-taught avid nature photographer, who has been traveling the length and breadth of India to document Indian wildlife for over a decade and a half.
Published 16 Mar, 2017 08:16am
CEO PIA Hildenbrand put on ECL
Front Top News

CEO PIA Hildenbrand put on ECL

ISLAMABAD: The name of Pakistan International Airlines (PIA) CEO Bernd Hildenbrand has been put on the Exit Control List (ECL).
Published 16 Mar, 2017 07:59am
Monarchs In the Snow by Jamie Rojo
Featured Photos

Monarchs In the Snow by Jamie Rojo

Photo Credit: Jamie Rojo%D%AJaime Rojo is a Spanish photographer based in Mexico City that combines his passion for wild nature, his storytelling skills and a background in conservation biology to create conservation campaigns that engage the public in th
Published 16 Mar, 2017 07:52am
World Bank approves $450mn for Pakistan
Pakistan Top News

World Bank approves $450mn for Pakistan

WASHINGTON: The World Bank has approved a package worth $450 million to support the government efforts for helping the poorest and vulnerable people in Pakistan.
Published 16 Mar, 2017 07:34am
With eye on future, Saudi King kicks off visit to China
Asia

With eye on future, Saudi King kicks off visit to China

BEIJING: King of Saudi Arabia Salman bin Abdulaziz Al Saud's state visit to China experts said signals Saudi Arabia's determination to treat China as a reliable and strong partner at a time Saudi-US ties are experiencing difficulties.
Published 16 Mar, 2017 07:28am
Rhino Wars by Brent Stirton
Featured Photos

Rhino Wars by Brent Stirton

Photo Credit: Brent Stirton%Drent Stirton is the senior correspondent for Getty Images and Verbatim Photo.
Published 16 Mar, 2017 07:25am
IFC investing $100mn in Karot power project in Pakistan
Pakistan Top News

IFC investing $100mn in Karot power project in Pakistan

WASHINGTON: International Finance Corporation (IFC), a member of the World Bank, is investing $100 million in the 720-megawatt Karot run-of-river hydro project in Pakistan that will help boost power supply.
Published 16 Mar, 2017 07:05am
IPPs roundup
Power Generation

IPPs roundup

Weak, lacklustre, sluggish these are the kind of adjectives used for the performance of power sector IPPs in 1HFY17.
Published 16 Mar, 2017 06:42am
Auto: Riding on potential
Automobile

Auto: Riding on potential

The automotive sectors performance is not dismal, but the past year has been a bit anticlimactic given how much the growth potential was talked about.
Published 16 Mar, 2017 06:40am
Troubled waters? India fast-tracks hydro projects in IoK
Front Top News

Troubled waters? India fast-tracks hydro projects in IoK

NEW DELHI: India has fast-tracked hydropower projects worth $15 billion in Indian occupied Kashmir (IoK) in recent months, three federal and state officials said, ignoring warnings from Islamabad that power stations on rivers flowing into Pakistan will di
Published 16 Mar, 2017 06:30am
Gold little changed in New York

Gold little changed in New York

Gold prices were little changed on Tuesday as an expected US interest rate hike boosted the dollar and weighed on the precious metal, but political risks in Europe provided safe-haven support. The dollar index climbed, making dollar-priced gold costlier f
Published 16 Mar, 2017 12:00am
Cocoa falls back from five-week highs

Cocoa falls back from five-week highs

Cocoa futures on ICE reversed course on Wednesday after climbing to their highest in more than five weeks, as short-covering petered out after lifting prices around 8 percent over the past three sessions. The May London contract settled down 13 pounds, or
Published 16 Mar, 2017 12:00am
Malaysian palm oil stays higher

Malaysian palm oil stays higher

Malaysian palm oil futures rose on Wednesday evening, their strongest daily rise in four months and a second consecutive session of gains on support from improving exports and strong physical prices. The market was also supported by concerns about a poten
Published 16 Mar, 2017 12:00am
Tokyo rubber at one-week high

Tokyo rubber at one-week high

Benchmark Tokyo rubber futures closed up 1.5 percent at a one-week high on Wednesday, buoyed by a jump in oil prices, which had tumbled to a three-month low in the previous session. Healthy gains in crude prices helped ease the downward pressure on rubber
Published 16 Mar, 2017 12:00am
Copper climbs for fourth session on dollar, supply issues

Copper climbs for fourth session on dollar, supply issues

Copper prices advanced on Wednesday for the fourth straight session, bolstered by a weaker dollar and continuing supply problems, including stoppages at the world's two biggest mines. Three-month copper on the London Metal Exchange closed 0.8 percent high
Published 16 Mar, 2017 12:00am
Shanghai copper up

Shanghai copper up

Shanghai Futures Exchange copper was trading up 0.7 percent at 47,670 yuan ($6,8945) a tonne on Wednesday ahead of the outcome of a US Federal Reserve meeting that is expected to dictate the direction of the dollar, with dissipating concerns over mine sup
Published 16 Mar, 2017 12:00am
South Korea buys corn, feed wheat

South Korea buys corn, feed wheat

South Korea's largest feedmaker Nonghyup Feed Inc (NOFI) bought 199,000 tonnes of corn and 65,000 tonnes of feed wheat, both to be sourced from optional origins in an international tender which closed on Tuesday, European traders said. The corn was purcha
Published 16 Mar, 2017 12:00am
Cotton prices steady on modest trade activity
Cotton

Cotton prices steady on modest trade activity

Prices were steady on the cotton market on Wednesday in the process of modest trade activity, dealers said. The official spot rate was unchanged at Rs 6800, they said. In Punjab prices of phutti were unchanged at Rs 3750-3800, as per 40 kg, they said. In
Published 16 Mar, 2017 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 156,123 tonnes of cargo comprising 122,216 tonnes of import cargo and 33,907 tonnes of export cargo including 7,741 loaded and empty containers during the last 24 hours ending at 0700 hours on Wednesday. The total import cargo of
Published 16 Mar, 2017 12:00am
Chinese steel, iron ore futures climb about four percent

Chinese steel, iron ore futures climb about four percent

Chinese steel and iron ore futures climbed about 4 percent on Tuesday, extending steep gains from the previous session after a spike in property sales in the first two months of the year suggested steel demand will remain supported. Expectations that Chin
Published 16 Mar, 2017 12:00am
CBOT soyabean falls for seventh straight session

CBOT soyabean falls for seventh straight session

Soyabean futures on the Chicago Board of Trade declined on Tuesday for a seventh straight session, with the May contract dropping below psychological support at $10 a bushel on hefty South American harvests, traders said. CBOT May soyabeans settled down 6
Published 16 Mar, 2017 12:00am
EU wheat prices fall on ample global supplies

EU wheat prices fall on ample global supplies

European wheat prices fell on Tuesday, pressured by the prospect of ample global supplies, which pushed US markets to test some technical support levels, although firm demand limited the fall, traders said. May milling wheat on Paris-based Euronext, was d
Published 16 Mar, 2017 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Tuesday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 2,992. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 4.29 billion and the number of lots traded was 12,732. Major business was contributed by cu
Published 16 Mar, 2017 12:00am
CBOT corn higher from two-month low

CBOT corn higher from two-month low

Corn futures on the Chicago Board of Trade closed higher on Tuesday, snapping a six-session slide and rebounding from a two-month low on fresh export sales and bargain-buying, traders said. CBOT May corn settled up 1-1/4 cents at $3.62-1/4 per bushel, ral
Published 16 Mar, 2017 12:00am
Palm oil firmer on European vegoils market

Palm oil firmer on European vegoils market

Palm oil on the European vegetable oils market was offered mostly firmer on Tuesday, tracking Malaysian palm oil futures on expectations for stronger demand. Asking prices for palm oil were between $2.50 a tonne down and $10 up after Malaysian palm oil fu
Published 16 Mar, 2017 12:00am
Message from President of Pakistan

Message from President of Pakistan

My Dear fellow citizens, today I want to speak to every one of you; today I want to tell you that today our country starts to undertake an important, an essential national exercise: the 2017 Housing and Population Census. The census is the unique tool tha
Published 16 Mar, 2017 12:00am
Message from Prime Minister of Pakistan

Message from Prime Minister of Pakistan

It is a real pleasure for me to announce the commencement of the Housing and Population Census 2017. Pakistan as a modern and forward-looking country has previously undertaken several population counts. Now, it is time for us to run our Sixth Housing and
Published 16 Mar, 2017 12:00am
Message from Finance Minister of Pakistan

Message from Finance Minister of Pakistan

I am pleased to share with you the news about launch of Census 2017 from 15th March 2017 with the house numbering and house listing campaign. The Pakistan Bureau of Statistics under the aegis of Ministry of Finance has been working whole heartedly for the
Published 16 Mar, 2017 12:00am
Message from Secretary, Statistics Division

Message from Secretary, Statistics Division

We are going to render a national duty of historic significance ie 6th Census Pakistan-2017. It will be undertaken in two phases. First Phase which will be held during 15th March 2017 to 13th April, 2017 and the second phase will be held in the months of
Published 16 Mar, 2017 12:00am
Message from Chief Census Commissioner

Message from Chief Census Commissioner

As the Census Pakistan is the biggest field operation activity in the country, it would involve mobilisation of about 11800 enumerators and supervisors for specific time period. Each enumerator will work in two blocks, during census operation one uniform
Published 16 Mar, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

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

New York cotton

The following were the fluctuations observed during the day:

Published 16 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 16 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 16 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 Wednesday (March 15, 2017).

Published 16 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 Wednesday (March 15, 2017).

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

Money Market Report

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

Spot dollar rates

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

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

JLI MEESEQ Fund Rates

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

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

JLI MEESEQ Fund Rates

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

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

JLI MEESEQ Fund Rates

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

Published 16 Mar, 2017 12:00am
Prime Minister directs early completion of Gwadar projects

Prime Minister directs early completion of Gwadar projects

Prime Minister Muhammad Nawaz Sharif has directed to complete all development projects in Gwadar at the earliest. He was speaking at a briefing about development projects in Gwadar on Wednesday.He said the government would allocate an ample amount in the
Published 16 Mar, 2017 12:00am
Prime Minister directs early completion of Gwadar projects

Prime Minister directs early completion of Gwadar projects

Prime Minister Muhammad Nawaz Sharif has directed to complete all development projects in Gwadar at the earliest. He was speaking at a briefing about development projects in Gwadar on Wednesday.He said the government would allocate an ample amount in the
Published 16 Mar, 2017 12:00am
Prime Minister directs early completion of Gwadar projects

Prime Minister directs early completion of Gwadar projects

Prime Minister Muhammad Nawaz Sharif has directed to complete all development projects in Gwadar at the earliest. He was speaking at a briefing about development projects in Gwadar on Wednesday.He said the government would allocate an ample amount in the
Published 16 Mar, 2017 12:00am
Prime Minister-led HPSB's decision set aside

Prime Minister-led HPSB's decision set aside

Supreme Court on Wednesday set aside the decision of High Powered Selection Board (HPSB) led by Prime Minister Nawaz Sharif on promotion of officers from grade 21 to grade 22. A grade 21 officer of Inland Revenue Service (IRS), Raana Ahmed, filed a plea u
Published 16 Mar, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 16 Mar, 2017 12:00am
Prime Minister-led HPSB's decision set aside

Prime Minister-led HPSB's decision set aside

Supreme Court on Wednesday set aside the decision of High Powered Selection Board (HPSB) led by Prime Minister Nawaz Sharif on promotion of officers from grade 21 to grade 22. A grade 21 officer of Inland Revenue Service (IRS), Raana Ahmed, filed a plea u
Published 16 Mar, 2017 12:00am
Prime Minister-led HPSB''s decision set aside

Prime Minister-led HPSB''s decision set aside

Supreme Court on Wednesday set aside the decision of High Powered Selection Board (HPSB) led by Prime Minister Nawaz Sharif on promotion of officers from grade 21 to grade 22. A grade 21 officer of Inland Revenue Service (IRS), Raana Ahmed, filed a plea u
Published 16 Mar, 2017 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

Dividend/Bonus announcements by the companies listed on the Karachi Stock Exchange.

Published 16 Mar, 2017 12:00am
Prime Minister-led HPSB''''s decision set aside

Prime Minister-led HPSB''''s decision set aside

Supreme Court on Wednesday set aside the decision of High Powered Selection Board (HPSB) led by Prime Minister Nawaz Sharif on promotion of officers from grade 21 to grade 22. A grade 21 officer of Inland Revenue Service (IRS), Raana Ahmed, filed a plea u
Published 16 Mar, 2017 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Mar, 2017 12:00am
Haqqani's assertions: Asif for formation of commission

Haqqani's assertions: Asif for formation of commission

Defence Minister Khawaja Asif Wednesday demanded the formations of a parliamentary commission to investigate the assertions made by former ambassador Hussain Haqqani in his write-up carried by the Washington Post. In the Haqqani admitted facilitating the
Published 16 Mar, 2017 12:00am
Board meetings in progress

Board meetings in progress

Board Meetings in Progress of Companies listed on the Karachi Stock Exchange.

Published 16 Mar, 2017 12:00am
Haqqani's assertions: Asif for formation of commission

Haqqani's assertions: Asif for formation of commission

Defence Minister Khawaja Asif Wednesday demanded the formations of a parliamentary commission to investigate the assertions made by former ambassador Hussain Haqqani in his write-up carried by the Washington Post. In the Haqqani admitted facilitating the
Published 16 Mar, 2017 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 16 Mar, 2017 12:00am
Petitioner for registration of case under high treason charges

Petitioner for registration of case under high treason charges

Former Senator of Pakistan Muslim League-Nawaz Syed Zafar Ali Shah on Wednesday invoked Supreme Court jurisdiction, seeking court directives for registration of criminal cases against former president Asif Ali Zardari, the then prime minister Yousaf Raza
Published 16 Mar, 2017 12:00am
Petitioner for registration of case under high treason charges

Petitioner for registration of case under high treason charges

Former Senator of Pakistan Muslim League-Nawaz Syed Zafar Ali Shah on Wednesday invoked Supreme Court jurisdiction, seeking court directives for registration of criminal cases against former president Asif Ali Zardari, the then prime minister Yousaf Raza
Published 16 Mar, 2017 12:00am
SC moved against Haqqani

SC moved against Haqqani

The Supreme Court has been urged to bring former ambassador to US Hussain Haqqani back to Pakistan, making him join the memogate proceedings. Zafarullah Khan of Watan Party has made this request through an application filed in a pending petition on the is
Published 16 Mar, 2017 12:00am
SC moved against Haqqani

SC moved against Haqqani

The Supreme Court has been urged to bring former ambassador to US Hussain Haqqani back to Pakistan, making him join the memogate proceedings. Zafarullah Khan of Watan Party has made this request through an application filed in a pending petition on the is
Published 16 Mar, 2017 12:00am
Stocks shed more weight

Stocks shed more weight

Pakistan Stock Exchange remained under selling pressure on the fifth consecutive day Wednesday. The benchmark KSE-100 index lost another 233.23 points to close at 48,305.83 points. Daily trading volumes fell slightly to 206.112 million shares as compared
Published 16 Mar, 2017 12:00am
Stocks shed more weight

Stocks shed more weight

Pakistan Stock Exchange remained under selling pressure on the fifth consecutive day Wednesday. The benchmark KSE-100 index lost another 233.23 points to close at 48,305.83 points. Daily trading volumes fell slightly to 206.112 million shares as compared
Published 16 Mar, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Saturday (March 11, 2017).

Published 16 Mar, 2017 12:00am
Stocks shed more weight

Stocks shed more weight

Pakistan Stock Exchange remained under selling pressure on the fifth consecutive day Wednesday. The benchmark KSE-100 index lost another 233.23 points to close at 48,305.83 points. Daily trading volumes fell slightly to 206.112 million shares as compared
Published 16 Mar, 2017 12:00am
BRIndex30 sheds 525.68 points

BRIndex30 sheds 525.68 points

On Wednesday, BRIndex30 opened at 27,532.24 points. It touched an intraday high of 27,704.07 points and an intraday low of 26,936.21 points and closed at 27,006.56 points which was -525.68 points or -1.91 percent lower than previous close. Total volume wa
Published 16 Mar, 2017 12:00am
BRIndex30 sheds 525.68 points

BRIndex30 sheds 525.68 points

On Wednesday, BRIndex30 opened at 27,532.24 points. It touched an intraday high of 27,704.07 points and an intraday low of 26,936.21 points and closed at 27,006.56 points which was -525.68 points or -1.91 percent lower than previous close. Total volume wa
Published 16 Mar, 2017 12:00am
Fiscal Year 2018 current expenditure likely to receive boost

Fiscal Year 2018 current expenditure likely to receive boost

Current expenditure is expected to receive a boost in election year's budget 2017-18 with a higher outlay on subsidies for the power sector to enable the poorly performing Gencos to minimise load shedding and a minimum of Rs 50 million is likely to be all
Published 16 Mar, 2017 12:00am
Fiscal Year 2018 current expenditure likely to receive boost

Fiscal Year 2018 current expenditure likely to receive boost

Current expenditure is expected to receive a boost in election year's budget 2017-18 with a higher outlay on subsidies for the power sector to enable the poorly performing Gencos to minimise load shedding and a minimum of Rs 50 million is likely to be all
Published 16 Mar, 2017 12:00am
THE RUPEE: slight fall
Currency

THE RUPEE: slight fall

The rupee slid slightly against the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee shed one paisa against the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively, they said.
Published 16 Mar, 2017 12:00am
Fiscal Year 2018 current expenditure likely to receive boost

Fiscal Year 2018 current expenditure likely to receive boost

Current expenditure is expected to receive a boost in election year''s budget 2017-18 with a higher outlay on subsidies for the power sector to enable the poorly performing Gencos to minimise load shedding and a minimum of Rs 50 million is likely to be al
Published 16 Mar, 2017 12:00am
THE RUPEE: slight fall
Currency

THE RUPEE: slight fall

The rupee slid slightly against the dollar on the money market on Wednesday in the process of trading, dealers said. The rupee shed one paisa against the dollar for buying and selling at Rs 104.85 and Rs 104.86 respectively, they said.
Published 16 Mar, 2017 12:00am
FBR decides to conduct national survey of retailers

FBR decides to conduct national survey of retailers

The Federal Board of Revenue (FBR) has decided to conduct a national survey of retailers to collect information of all retail outlets across the country. According to the details of the retailers' survey issued by the FBR here on Wednesday, the FBR is pla
Published 16 Mar, 2017 12:00am
FBR decides to conduct national survey of retailers

FBR decides to conduct national survey of retailers

The Federal Board of Revenue (FBR) has decided to conduct a national survey of retailers to collect information of all retail outlets across the country. According to the details of the retailers' survey issued by the FBR here on Wednesday, the FBR is pla
Published 16 Mar, 2017 12:00am
FBR decides to conduct national survey of retailers

FBR decides to conduct national survey of retailers

The Federal Board of Revenue (FBR) has decided to conduct a national survey of retailers to collect information of all retail outlets across the country. According to the details of the retailers'' survey issued by the FBR here on Wednesday, the FBR is pl
Published 16 Mar, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 15, 2017).

Published 16 Mar, 2017 12:00am
Meeting on sugar export today

Meeting on sugar export today

Ministry of Industries and Production has convened a meeting of Sugar Advisory Board (SAB) on Thursday (today) to discuss approval of further export of 0.5 million tons of sugar on the request of Pakistan Sugar Mills Association (PSMA). To be presided ove
Published 16 Mar, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Wednesday (March 15, 2017).

Published 16 Mar, 2017 12:00am
Meeting on sugar export today

Meeting on sugar export today

Ministry of Industries and Production has convened a meeting of Sugar Advisory Board (SAB) on Thursday (today) to discuss approval of further export of 0.5 million tons of sugar on the request of Pakistan Sugar Mills Association (PSMA). To be presided ove
Published 16 Mar, 2017 12:00am
Pakistan Mercantile Exchange - PMEX
Cotton

Pakistan Mercantile Exchange - PMEX

Pakistan Mercantile Exchange - PMEX (Formerly National Commodity Exchange Limited - NCEL) Trading Summary on Wednesday (March 15, 2017).

Published 16 Mar, 2017 12:00am
Meeting on sugar export today

Meeting on sugar export today

Ministry of Industries and Production has convened a meeting of Sugar Advisory Board (SAB) on Thursday (today) to discuss approval of further export of 0.5 million tons of sugar on the request of Pakistan Sugar Mills Association (PSMA). To be presided ove
Published 16 Mar, 2017 12:00am
Government to think FTA matters through: Dastgir

Government to think FTA matters through: Dastgir

Commerce Minister Engineer Khurram Dastgir Khan said on Wednesday that Nawaz Sharif government will not sign any Free Trade Agreement (FTA) that does not safeguard the country's interests. He made these comments during a press conference convened to annou
Published 16 Mar, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Wednesday (March 15, 2017)

Published 16 Mar, 2017 12:00am
Government to think FTA matters through: Dastgir

Government to think FTA matters through: Dastgir

Commerce Minister Engineer Khurram Dastgir Khan said on Wednesday that Nawaz Sharif government will not sign any Free Trade Agreement (FTA) that does not safeguard the country's interests. He made these comments during a press conference convened to annou
Published 16 Mar, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Wednesday (March 15, 2017).

Published 16 Mar, 2017 12:00am
Government to think FTA matters through: Dastgir

Government to think FTA matters through: Dastgir

Commerce Minister Engineer Khurram Dastgir Khan said on Wednesday that Nawaz Sharif government will not sign any Free Trade Agreement (FTA) that does not safeguard the country''s interests. He made these comments during a press conference convened to anno
Published 16 Mar, 2017 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 16 Mar, 2017 12:00am
Chinese premier warns US against 'trade war'
Currency

Chinese premier warns US against 'trade war'

Chinese Premier Li Keqiang on Wednesday warned the United States against starting a trade war while expressing optimism that the world's two largest economies could keep relations steady despite Trump-era frictions. "We don't want to see any trade war bre
Published 16 Mar, 2017 12:00am
LME official prices

LME official prices

The following were Tuesday official prices.

Published 16 Mar, 2017 12:00am
Chinese premier warns US against 'trade war'
Currency

Chinese premier warns US against 'trade war'

Chinese Premier Li Keqiang on Wednesday warned the United States against starting a trade war while expressing optimism that the world's two largest economies could keep relations steady despite Trump-era frictions. "We don't want to see any trade war bre
Published 16 Mar, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Wednesday (March 15, 2017).

Published 16 Mar, 2017 12:00am
Ryanair to launch flights to Ukraine

Ryanair to launch flights to Ukraine

Irish low cost airline Ryanair announced Wednesday its first flights to Ukraine, with four new routes departing from Britain, Sweden and the Netherlands. Europe's busiest carrier said it would operate 15 weekly flights, with five of them from Kiev airport
Published 16 Mar, 2017 12:00am