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Archive - 2017-03-17
Police release Dr. Farooq Sattar within an hour
Pakistan Top News

Police release Dr. Farooq Sattar within an hour

Karachi: Police release Muttahida Qaumi Movement Pakistan leader, Dr Farooq Sattar with in an hour after being arrested on charge over hate speech.
Published 17 Mar, 2017 08:54pm
Dar reviews CDA development activities
General News

Dar reviews CDA development activities

ISLAMABAD: Finance Minister, Senator Muhammad Ishaq Dar on Friday called upon senior officials of the Capital Development Authority (CDA) to put in their best for development of the federal capital, besides ensuring an attractive and serene environment fo
Published 17 Mar, 2017 08:06pm
CPEC opens ways for other foreign investment: CM
Pakistan Top News

CPEC opens ways for other foreign investment: CM

LAHORE: Punjab Chief Minister Muhammad Shehbaz Sharif on Friday said the CPEC was a progressive venture for the success of individuals of Pakistan.
Published 17 Mar, 2017 07:17pm
Japan, US agree to abide by G7, G20 FX agreement
Front Top News

Japan, US agree to abide by G7, G20 FX agreement

BADEN-BADEN: Japanese Finance Minister Taro Aso said he agreed with his US counterpart Steven Mnuchin on the need to abide by the G7 and G20 agreements on currency policy, including a warning that excess currency volatility is undesirable.
Published 17 Mar, 2017 05:35pm
Brazil stocks fall; JBS, BRF slump on police raids
Financial

Brazil stocks fall; JBS, BRF slump on police raids

SAO PAULO: Brazilian stocks fell on Friday as shares of meatpackers JBS SA and BRF SA slumped after federal police targeted their offices as part of an investigation into alleged bribery of food inspectors and politicians.
Published 17 Mar, 2017 05:32pm
Irish PM tells Trump: St. Patrick was 'an immigrant'
Front Top News

Irish PM tells Trump: St. Patrick was 'an immigrant'

WASHINGTON: Irish Prime Minister Enda Kenny caused a stir at the White House on the eve of Saint Patrick's day Friday, pointedly telling President Donald Trump that the festival is in honor of an immigrant.
Published 17 Mar, 2017 03:57pm
Rebel missiles kill 26 Yemen soldiers in camp: medics
World Top News

Rebel missiles kill 26 Yemen soldiers in camp: medics

ADEN: A rebel missile attack killed at least 26 members of pro-government forces in a camp Friday east of the Yemeni capital Sanaa, hospital officials in the town of Marib said.
Published 17 Mar, 2017 03:55pm
At least six dead in Burundi floods
Africa

At least six dead in Burundi floods

NAIROBI: At least six people have died in Burundi in a night of torrential rain and flooding that triggered landslides and caused widespread damage, the government said Friday.
Published 17 Mar, 2017 03:48pm
'Unfit' Umar Akmal smashes impressive ton
Cricket

'Unfit' Umar Akmal smashes impressive ton

Pakistan batsman Umar Akmal has smashed an impressive century at Patrons Trophy (Grade-II), just days after he was dropped by the Pakistan Cricket Board (PCB) for the West Indies tour over fitness issues.
Updated 17 Mar, 2017 02:10pm
The Orfei by Massimo Siragusa
Featured Photos

The Orfei by Massimo Siragusa

Photo Credit: Massimo Siragusa%Dorn in Catania in 1958, Massimo Siragusa lives in Rome where he teaches photography at IED, European Institute Of Design.
Published 17 Mar, 2017 01:07pm
Millennuim Dome by Gideon Mendel
Featured Photos

Millennuim Dome by Gideon Mendel

Photo Credit: Gideon Mendel%Dorn in Johannesburg in 1959, he studied psychology and African history at the University of Cape Town.
Published 17 Mar, 2017 12:49pm
Carnegie Hall by Sylwia Kapuscinski
Featured Photos

Carnegie Hall by Sylwia Kapuscinski

Photo Credit: Sylwia Kapuscinski%D%ASylwia Kapuscinski was born in Krosno, Poland, in 1972.
Published 17 Mar, 2017 12:28pm
MS Dhoni escapes unhurt from Delhi hotel fire
Cricket

MS Dhoni escapes unhurt from Delhi hotel fire

Former India captain Mahendra Singh Dhoni managed to escape unhurt after a fire broke out at the hotel, where he was staying in Indian capital Delhis Dwarka neighborhood on Friday.
Published 17 Mar, 2017 10:16am
Tokyo shares close lower, eyes on G20
Financial

Tokyo shares close lower, eyes on G20

TOKYO: Tokyo stocks slipped Friday with focus turning to a weekend G20 finance ministers' meeting, but Toshiba rebounded on reports the government may help fund the embattled firm's turnaround.
Published 17 Mar, 2017 09:53am
Hong Kong stocks close week with gain
Financial

Hong Kong stocks close week with gain

HONG KONG: Hong Kong stocks ended the week with a minor gain Friday, extending the previous day's rally but the advance was limited owing to concerns about a lack of detail from Donald Trump on his tax reform and spending plans.
Published 17 Mar, 2017 09:53am
Pakistan calls for elimination of international criminal nexus
Pakistan Top News

Pakistan calls for elimination of international criminal nexus

UNITED NATIONS: Pakistan has warned against the growing nexus between trans-national organized criminal gangs engaged in human trafficking and terrorists, saying their connection was of global concern as it bears on international peace and security.
Published 17 Mar, 2017 08:20am
Trump hosts Merkel after snowstorm delay
North America

Trump hosts Merkel after snowstorm delay

WASHINGTON: Donald Trump hosts Germany's Angela Merkel at the White House Friday, a meeting delayed by a snowstorm and still clouded by a storm of words between the two ostensible allies.
Published 17 Mar, 2017 07:35am
Carreno Busta reaches Indian Wells semi-finals
Football

Carreno Busta reaches Indian Wells semi-finals

INDIAN WELLS: Three-time Grand Slam champion Stan Wawrinka reached the semi-finals of the ATP Indian Wells Masters for the first time on Thursday with a hard-fought three-set victory over eighth-seeded Dominic Thiem.
Published 17 Mar, 2017 07:19am
Tillerson seeks new North Korea plan on Seoul visit
Asia

Tillerson seeks new North Korea plan on Seoul visit

SEOUL: Washington's top diplomat visited the Demilitarised Zone dividing the two Koreas to gaze on the North for himself Friday, a day after he declared 20 years of efforts to denuclearise it had failed.
Published 17 Mar, 2017 07:18am
FIA jumps into PSL spot-fixing scandal
Cricket

FIA jumps into PSL spot-fixing scandal

The Federal Investigation Agency (FIA) has issued notices to four Pakistani cricketers, involved in the ongoing Pakistan Super League (PSL) spot fixing scandal.
Published 17 Mar, 2017 07:15am
Israel carries out air strikes on Syria
Middle East

Israel carries out air strikes on Syria

JERUSALEM: Israeli aircraft carried out several strikes on Syria overnight, prompting the launch of ground-to-air missiles in response, one of which was intercepted, the army said on Friday.
Published 17 Mar, 2017 07:06am
US claims deadly north Syria strike, denies targeting mosque
Front Top News

US claims deadly north Syria strike, denies targeting mosque

BEIRUT: The US military says it carried out an air strike in northern Syria against an Al-Qaeda target, but denies deliberately targeting a mosque where at least 42 people were killed according to an independent monitor.
Published 17 Mar, 2017 07:06am
Is eight-months FDI really up?
Banking

Is eight-months FDI really up?

Business headlines in Pakistan today would likely read that FDI inflow in the country in the first eight months of current fiscal year was up 6 percent year-on-year.
Published 17 Mar, 2017 06:01am
Haqqani a worthless man, says Gilani

Haqqani a worthless man, says Gilani

Former Prime Minister (PM) Yousaf Raza Gilani on Thursday said that Hussain Haqqani has no worth and significance. While talking to media after hearing in Karachi's anti-corruption court, Gilani asserted that Pakistan Peoples Party (PPP) should not adopt
Published 17 Mar, 2017 12:00am
Anti-ship missile: navy conducts successful test launch

Anti-ship missile: navy conducts successful test launch

Pakistan Navy conducted successful test launch of land based anti-ship missile on Thursday. The missile has advanced technology and avionics, which enable engagement of targets at sea with high accuracy. The trial was conducted from coastal region and mis
Published 17 Mar, 2017 12:00am
Import of New Holland Brand Combine Harvester

Import of New Holland Brand Combine Harvester

Al-Ghazi Tractors has decided importing New Holland Brand Combine Harvester to facilitate farmer community in Pakistan. According to the official announcement, this equipment after demonstration will initially be imported and introduce in Pakistan on comm
Published 17 Mar, 2017 12:00am
Sindh government to attain SDGs 2030 targets: Bijarani

Sindh government to attain SDGs 2030 targets: Bijarani

Provincial Minister for Planning and Development Mir Hazar Khan Bijarani has said that Sindh government is fully committed to achieve the targets set in the Sustainable Development Goals (SDGs) 2030.
Published 17 Mar, 2017 12:00am
Customs values of different IT gadgets, e-devices increased

Customs values of different IT gadgets, e-devices increased

Directorate General Customs Valuation (DGCV) has increased the customs values of different IT gadgets and electronics devices. According to separate revised valuation rulings, the Directorate in order to determine the customs values of USB, flash drive, k
Published 17 Mar, 2017 12:00am
Kwick High Tech & Solutions signs contract with Wi-Tribe

Kwick High Tech & Solutions signs contract with Wi-Tribe

Official MoU signing ceremony for LTE SIM Manufacturing between Kwick High Tech & Solutions (Pvt) Ltd and Wi-tribe. Kwick High Tech & Solutions (Pvt) Ltd is one of Pakistan leading IT solutions, Integrator for embedded Solutions & Pioneer SIM Manufacturer
Published 17 Mar, 2017 12:00am
Soneri Bank collaborates with 'Chalay Thay Saath'

Soneri Bank collaborates with 'Chalay Thay Saath'

With our brand promise of 'Roshan Har Qadam', Soneri Bank has collaborated with Hot Water Bottle Films for the most anticipated upcoming feature film "Chalay Thay Saath" which will release on April 21, 2017.
Published 17 Mar, 2017 12:00am
World Bank approves $450 million to help poorest and needy people

World Bank approves $450 million to help poorest and needy people

The World Bank has approved a package of measures worth $450 million to help the poorest and needy people in Pakistan. The initiatives include expanding banking services and financial access, strengthening the social safety net to improve the quality of c
Published 17 Mar, 2017 12:00am
Report along with RTI draft bill submitted to Senate

Report along with RTI draft bill submitted to Senate

A report along with the draft of Right to Information (RTI) Bill 2016 was laid in the Senate on Thursday. The RTI Bill is aimed at enabling citizens to access information about federal government departments, Parliament, judiciary and government-funded NG
Published 17 Mar, 2017 12:00am
Dairy products' revenue falls to $1.04 million in three years

Dairy products' revenue falls to $1.04 million in three years

The revenue earned through export of dairy products has fallen from $28.37 million to $1.04 million in last three years of the present government while the country's estimated annual gross milk production was recorded 54.328 million tons during 2015-16.
Published 17 Mar, 2017 12:00am
Aafia Nathaniel's film 'Dukhtar' attracts large audience at UN

Aafia Nathaniel's film 'Dukhtar' attracts large audience at UN

A screening of Aafia Nathaniel's feature film Dukhtar was held at the United Nations on Wednesday evening before a large and distinguished audience. Organised by Pakistan's Mission to the UN, it was a side event in the spacious Trusteeship Council Chamber
Published 17 Mar, 2017 12:00am
'Billion tree tsunami' surges across northern areas'

'Billion tree tsunami' surges across northern areas'

One of country's greenest provinces is becoming greener still: In just a year it has added three-quarters of a billion new trees, as part of a "tree tsunami" aimed at reversing worsening forest loss.
Published 17 Mar, 2017 12:00am
SE Asian stocks higher

SE Asian stocks higher

Southeast Asian stock markets ended higher on Thursday with Indonesia closing at its highest in nearly two years, as the US Federal Reserve raised rates but signalled a more gradual pace of monetary tightening this year than many had expected.
Published 17 Mar, 2017 12:00am
India's: NSE index at record high

India's: NSE index at record high

India's NSE index closed at a record high on Thursday after the US Federal Reserve suggested a more gradual pace of monetary tightening this year than many had expected. The NSE index closed at 9,153.7, up 0.76 percent.
Published 17 Mar, 2017 12:00am
European shares at 15-month high

European shares at 15-month high

European shares hit their highest level in 15 months on Thursday after the Federal Reserve signalled no pick-up in the pace of monetary tightening and centre-right Prime Minister Mark Rutte won elections in the Netherlands.
Published 17 Mar, 2017 12:00am
Shanghai share index at 14-week high
Currency

Shanghai share index at 14-week high

Shanghai stocks climbed to a 14-week high on improved risk appetites after the US Federal Reserve, while raising rates, dampened expectations of more aggressive tightening ahead. The blue-chip CSI300 index rose 0.5 percent to 3,481.51 points, and the Shan
Published 17 Mar, 2017 12:00am
Australian and New Zealand shares soar

Australian and New Zealand shares soar

Australian shares ended higher for a third straight session on Thursday as gains in commodity prices boosted mining and oil stocks such as BHP Billiton and Rio Tinto. The S&P/ASX 200 index rose 0.2 percent, or 11.8 points, to 5,785.8 at the close of trade
Published 17 Mar, 2017 12:00am
Sri Lankan shares hit one-year low

Sri Lankan shares hit one-year low

Sri Lankan shares hit a one-year closing low on Thursday, falling for an eighth straight session, as concerns the central bank would raise rates next week weighed on sentiment after the International Monetary Fund urged it to tighten monetary policy.
Published 17 Mar, 2017 12:00am
Treasury yields plunge after Fed hikes rates

Treasury yields plunge after Fed hikes rates

US Treasury yields plummeted on Wednesday after the Federal Reserve raised interest rates for the second time in three months as expected, but did not flag any plan to accelerate the pace of monetary tightening.
Published 17 Mar, 2017 12:00am
Treasury yields plunge after Fed hikes rates

Treasury yields plunge after Fed hikes rates

US Treasury yields plummeted on Wednesday after the Federal Reserve raised interest rates for the second time in three months as expected, but did not flag any plan to accelerate the pace of monetary tightening.
Published 17 Mar, 2017 12:00am
Hang Seng Index at 19-month high

Hang Seng Index at 19-month high

Hong Kong's benchmark Hang Seng Index closed at a 19-month high on Thursday after the Federal Reserve hiked interest rates, as expected, but signalled no pick-up in the pace of tightening. Investors had feared the Fed was considering faster hikes that buo
Published 17 Mar, 2017 12:00am
Wall Street up as Fed raises rates, flags no changes to path

Wall Street up as Fed raises rates, flags no changes to path

US stocks were near session highs in afternoon trading on Wednesday after the Federal Reserve raised interest rates for the second time in three months, as expected. The Fed, which raised its target rate by 25 basis points to 0.75 to 1.00 percent, did not
Published 17 Mar, 2017 12:00am
Tokyo stocks surge

Tokyo stocks surge

Tokyo shares closed slightly higher Thursday but the gains were capped by a stronger yen after the Federal Reserve hinted at a slower pace of interest rate hikes this year. An upbeat assessment of the Japanese economy by the country's central bank provide
Published 17 Mar, 2017 12:00am
Egypt leads as Middle East markets surge on Fed

Egypt leads as Middle East markets surge on Fed

Middle Eastern stock markets rose on Thursday, led by Egypt, after the US Federal Reserve hiked interest rates as expected but signalled no acceleration in the pace of monetary tightening. But Gulf bourses lagged emerging markets in general because of con
Published 17 Mar, 2017 12:00am
Bank of England holds interest rate at 0.25 percent

Bank of England holds interest rate at 0.25 percent

The Bank of England has voted to keep its main interest rate at a record-low 0.25 percent despite concerns over rising inflation, the BoE said Thursday after a regular meeting.
Published 17 Mar, 2017 12:00am
Toyota investing $293 million in Britain plant despite Brexit

Toyota investing $293 million in Britain plant despite Brexit

Toyota announced a £240 million ($293 million) investment in a car assembly plant in central England on Thursday, despite uncertainty over Britain's looming exit from the European Union. The Japanese auto giant said the fresh funds, which will include £21
Published 17 Mar, 2017 12:00am
Turkey keeps headline interest rate stable ahead of vote

Turkey keeps headline interest rate stable ahead of vote

The Turkish central bank on Thursday kept its headline interest rate steady despite persistently high inflation, as Ankara seeks to maintain growth ahead of a referendum next month on expanding the powers of President Recep Tayyip Erdogan.
Published 17 Mar, 2017 12:00am
Saudi king's China trip nets agreements 'worth billions'

Saudi king's China trip nets agreements 'worth billions'

China and Saudi Arabia signed agreements potentially worth tens of billions of dollars on Thursday, Beijing said, as President Xi Jinping welcomed Saudi King Salman on a state visit. The visit by the 81-year-old king comes as China pursues a charm offensi
Published 17 Mar, 2017 12:00am
Eurostar's profits derailed by terror attacks

Eurostar's profits derailed by terror attacks

The Eurostar high-speed train service said Thursday that its earnings performance last year was derailed by the terror attacks in Paris and Brussels. Eurostar, the cross-channel service owned by the French national rail operator SNCF, said that it booked
Published 17 Mar, 2017 12:00am
US housing, factory data underscore economy's resilience

US housing, factory data underscore economy's resilience

US homebuilding jumped in February as unseasonably warm weather boosted the construction of single-family houses to near a 9-1/2-year high, suggesting the economy remained on solid ground despite an apparent slowdown in the first quarter.
Published 17 Mar, 2017 12:00am
Ukraine imposes sanctions on Russian state-owned banks

Ukraine imposes sanctions on Russian state-owned banks

Ukraine slapped sanctions on Russian state-owned banks operating in the country on Thursday, ratcheting up tensions with Moscow amid a bitter trade war with Kremlin-backed rebels in the east.
Published 17 Mar, 2017 12:00am
EU gives Ukraine 600 million euros to help steady economy

EU gives Ukraine 600 million euros to help steady economy

The EU agreed Thursday to give Ukraine 600 million euros in loans as a deadly conflict with pro-Russian rebels continues to sap efforts to stabilise its economy, a statement said. The payment brings total EU macro-financial assistance (MFA) for Ukraine to
Published 17 Mar, 2017 12:00am
Supreme Court seeks details about locally produced stents

Supreme Court seeks details about locally produced stents

Adjourning the hearing of a suo motu case over inflated price of cardiac stents in the country on Thursday, the Supreme Court sought report from the authorities concerned pertaining to detail of locally manufactured stents.
Published 17 Mar, 2017 12:00am
Government urged to take steps for promoting human rights

Government urged to take steps for promoting human rights

Participants of a seminar on Thursday urged the government to take effective steps for protection and promotion of human rights enshrined in the Constitution as well as international treaties rectified by Pakistan.
Published 17 Mar, 2017 12:00am
Huge quantity of cigarettes seized

Huge quantity of cigarettes seized

Directorate of Intelligence & Intelligence Inland Revenue (IR) Hyderabad Thursday conducted raid and seized huge number of counterfeit and duty/taxes unpaid cigarettes in Hyderabad city.
Published 17 Mar, 2017 12:00am
Telecom sector: GSMA expects some major changes in tax policy

Telecom sector: GSMA expects some major changes in tax policy

Global Mobile Association (GSMA) is expecting some major changes in tax policy for the telecom sector in the coming budget (2017-18) after holding meeting with Federal Board of Revenue (FBR) on budget proposals for next fiscal year.
Published 17 Mar, 2017 12:00am
Telecom sector: GSMA expects some major changes in tax policy

Telecom sector: GSMA expects some major changes in tax policy

Global Mobile Association (GSMA) is expecting some major changes in tax policy for the telecom sector in the coming budget (2017-18) after holding meeting with Federal Board of Revenue (FBR) on budget proposals for next fiscal year.
Published 17 Mar, 2017 12:00am
Single-stage taxation regime: FBR wing unearths GST evasion by paint

Single-stage taxation regime: FBR wing unearths GST evasion by paint

The Directorate of Intelligence and Investigation Inland Revenue (IR) Lahore has unearthed a unique case of sales tax evasion by a leading paint manufacturer, which deliberately misused the facility of 'single stage taxation' regime to avoid sales tax pay
Published 17 Mar, 2017 12:00am
FC, Hubco to set up coal-based power plant

FC, Hubco to set up coal-based power plant

Pakistan's largest fertilizer producer, Fauji Fertilizer Company Limited (FFCL) is entering into a strategic alliance with the Hub Power Company Limited (HUBCO) to set up a 330 MW coal-based power plant in Thar. The announcement came after FFC Board of Di
Published 17 Mar, 2017 12:00am
'Solar Pakistan 2017' inaugurated

'Solar Pakistan 2017' inaugurated

The 6th international renewable energy exhibition and conference 'Solar Pakistan 2017' was inaugurated on Thursday with participation of more than 150 exhibitors from 15 countries.
Published 17 Mar, 2017 12:00am
Business community's issues to be resolved on merit: Collector

Business community's issues to be resolved on merit: Collector

Collector Customs (Appraisement) Jamil Nasir has said that the business community's issues would be resolved on merit. Clearance of trading goods is one of his priorities as undue delay adds to the cost of doing business.
Published 17 Mar, 2017 12:00am
PHIMC signs contract with BISP, NADRA

PHIMC signs contract with BISP, NADRA

The Punjab Health Initiative Management Company (PHIMC) signed a contract with the Benazir Income Support Programme (BISP) and NADRA for expansion of pro-poor health insurance scheme to remaining 32 districts of the Punjab.
Published 17 Mar, 2017 12:00am
Spadework initiated to enhance Pak-Belarus trade: Ermolovich

Spadework initiated to enhance Pak-Belarus trade: Ermolovich

Ambassador of Belarus Andrei Ermolovich said that spade work has been initiated to enhance the trade volume between Pakistan and Belarus up to one billion US dollar. He said that in this connection the central banks of both countries have already inked Me
Published 17 Mar, 2017 12:00am
CTO suspends nine traffic wardens

CTO suspends nine traffic wardens

Chief Traffic Officer (CTO) Lahore Rai Ejaz Ahmed taking disciplinary action against nine traffic wardens suspended them on Wednesday on charges of violating rules and regulations. He also sought reply from a Deputy Superintendent of Police (DSP) on the s
Published 17 Mar, 2017 12:00am
RECORDER REPORT

RECORDER REPORT

The world renowned artist, social crusader and peace activist, Jimmy Engineer, is all set to add another feather in his cap by becoming the first Pakistani artist to display his creative art in Beijing, China.
Published 17 Mar, 2017 12:00am
AT&T's $85.4 billion deal for Time Warner wins EU thumbs-up

AT&T's $85.4 billion deal for Time Warner wins EU thumbs-up

AT&T Inc has won approval from the European Commission for its planned $85.4 billion acquisition of Time Warner Inc, the No. 2 US wireless carrier said on Wednesday. The merger was widely expected to be cleared in Europe but still requires approval from t
Published 17 Mar, 2017 12:00am
Sweden wants new tax on airline tickets

Sweden wants new tax on airline tickets

Sweden's government said Wednesday it plans to propose a controversial tax on airline tickets to compensate for the lack of VAT on international flights and the low price airlines pay for greenhouse gas emissions.
Published 17 Mar, 2017 12:00am
Canada home resales rise, debt-to-income hits fresh record

Canada home resales rise, debt-to-income hits fresh record

Canada's housing market continued to gain speed in February, led by the hot Toronto market, while consumer debt rose to a fresh record in the fourth quarter, according to separate reports on Wednesday reinforcing concern about household debt.
Published 17 Mar, 2017 12:00am
IMF sees Thai economic recovery advancing at moderate pace

IMF sees Thai economic recovery advancing at moderate pace

Thailand's economic recovery is expected to advance at a moderate pace in the near and medium term and it has policy space and ample buffers to minimise the risk of a low-inflation, low-growth trap, the International Monetary Fund (IMF) said on Tuesday.
Published 17 Mar, 2017 12:00am
Deutsche Bank names new head of Wall Street business

Deutsche Bank names new head of Wall Street business

Deutsche Bank is replacing its US chief Bill Woodley with the global head of its stock-trading business, Thomas Patrick, people close to the matter said, in a sign of its intent to restructure its Wall Street business. The bank announced earlier this mont
Published 17 Mar, 2017 12:00am
Smith and Maxwell power Australia to 299-4

Smith and Maxwell power Australia to 299-4

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. The visitors were 299 for four at stumps after el
Published 17 Mar, 2017 12:00am
Balochistan Football: Loralai, Sibi and Khuzdar win

Balochistan Football: Loralai, Sibi and Khuzdar win

Exciting matches were witnessed on the sixth day of PPL Balochistan Football Cup 2017, says a press released issued here on Thursday. Loralai won against Sherani with 1-0, Sibi took a lead against Harnai with 2-1 and Khuzdar emerged winner against Washuk
Published 17 Mar, 2017 12:00am
Bangladesh player freed in girlfriend snaps case

Bangladesh player freed in girlfriend snaps case

Bangladeshi cricketer Arafat Sunny was released on bail two months after being charged with posting intimate photos of his girlfriend on social media, his lawyers said Thursday. Police arrested the 30-year-old cricketer in a Dhaka suburb in January after
Published 17 Mar, 2017 12:00am
Nicholls answers critics with rescue ton

Nicholls answers critics with rescue ton

Henry Nicholls answered his critics with a maiden century to rescue New Zealand on a torrid first day for batsmen in the second Test against South Africa on Thursday. New Zealand, on the back of Nicholls' 118, recovered from 21 for three to be all out for
Published 17 Mar, 2017 12:00am
PSL live streaming break records

PSL live streaming break records

The Pakistan Super League (PSL) has undeniably been a gigantic success for brand Pakistan- both locally and internationally. No other sports event in Pakistan's history has had a digital footprint as large as that of PSL.
Published 17 Mar, 2017 12:00am
Africa elects new football chief after three decades

Africa elects new football chief after three decades

Madagascan Ahmad Ahmad was elected president of the Confederation of African Football Thursday, ousting veteran leader Issa Hayatou after 29 years in office to usher in a "new dawn" for the sport on the continent.
Published 17 Mar, 2017 12:00am
IOC clashes with US over anti-doping reform

IOC clashes with US over anti-doping reform

The top Olympics body rejected American proposals for reforming the World Anti-Doping Agency on Thursday, as one of its members stirred controversy by comparing a ban on Russian athletes to the Holocaust.
Published 17 Mar, 2017 12:00am
Monaco stun City to reach Champions League quarters

Monaco stun City to reach Champions League quarters

Tiemoue Bakayoko's superb header fired Monaco into the Champions League quarter-finals as Wednesday's 3-1 victory condemned Pep Guardiola's Manchester City to a painful exit on away goals.
Published 17 Mar, 2017 12:00am
Sri Lanka rattle Bangladesh with late strikes

Sri Lanka rattle Bangladesh with late strikes

Sri Lanka took a flurry of late wickets to put the brakes on Bangladesh at the second Test in Colombo Thursday after the tourists made a promising start to their first innings with a 95-run partnership.
Published 17 Mar, 2017 12:00am
Kyrgios stuns Djokovic again, Federer races past Nadal

Kyrgios stuns Djokovic again, Federer races past Nadal

Nick Kyrgios overpowered Novak Djokovic for the second time in as many weeks on Wednesday to book an Indian Wells quarter-final against Roger Federer, who swatted aside old foe Rafael Nadal.
Published 17 Mar, 2017 12:00am
Tepid tone on cotton market
Cotton

Tepid tone on cotton market

Barring some higher grades of leftover cottons, most of the remaining lint from the current crop (August 2016/July 2017) is of lower quality as we approach the tailend of the season. Traders said on Thursday that less than half a million bales (155 Kgs) o
Published 17 Mar, 2017 12:00am
Tepid tone on cotton market
Cotton

Tepid tone on cotton market

Barring some higher grades of leftover cottons, most of the remaining lint from the current crop (August 2016/July 2017) is of lower quality as we approach the tailend of the season. Traders said on Thursday that less than half a million bales (155 Kgs) o
Published 17 Mar, 2017 12:00am
Prices fall modestly in thin trade
Cotton

Prices fall modestly in thin trade

After maintaining a stable trend for a long time, cotton prices fell modestly on Thursday in the process of thin trading activity, dealers said. The official spot rate was down by Rs 50 to Rs 6750, they said. In Punjab prices of seed cotton were unchanged
Published 17 Mar, 2017 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 208,125 tonnes of cargo comprising 156,002 tonnes of import cargo and 52,123 tonnes of export cargo including 9,503 loaded and empty containers during the last 24 hours ending at 0700 hours on Thursday.
Published 17 Mar, 2017 12:00am
Soyameal dips on European feeds market

Soyameal dips on European feeds market

Soyameal on the European meals and feeds market eased slightly on Tuesday on pressure from prospects for a record-large South American soyabean harvest. "Slow demand also weighed, but as long as buyers believe the market can come down further on South Ame
Published 17 Mar, 2017 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Wednesday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,000. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 9.70 billion and the number of lots traded was 19,239. Major business was contributed by
Published 17 Mar, 2017 12:00am
US soyabean prices fall to two-month low

US soyabean prices fall to two-month low

US soyabean prices dropped to a two-month low on Tuesday, dragged down by expectations for record South American production in a global market that is already amply supplied. Wheat edged away from a one-month low touched in the previous session, while cor
Published 17 Mar, 2017 12:00am
US MIDDAY: gold rallies

US MIDDAY: gold rallies

Gold rallied for the second straight session on Thursday, climbing to its highest level in over a week after the US central bank signaled only gradual rate tightening and the dollar slid to its lowest in five weeks. Spot gold gained 0.7 percent at $1,227.
Published 17 Mar, 2017 12:00am
US MIDDAY: corn climbs

US MIDDAY: corn climbs

US corn futures on Thursday climbed on better-than-expected weekly export sales data and bargain buying after the May contract hit a two-month low this week, analysts said. Soyabeans and wheat also rebounded after lows set this week.
Published 17 Mar, 2017 12:00am
Gold climbs in Europe

Gold climbs in Europe

Gold climbed to its highest level in over a week on Thursday after the US central bank signalled only gradual rate tightening and the dollar slid to its lowest in a month. Spot gold had gained 0.9 percent to $1,229.31 per ounce at 1508 GMT after touching
Published 17 Mar, 2017 12:00am
Gold rises in Asia

Gold rises in Asia

Gold hit a one-week high on Thursday after the US Federal Reserve signaled a cautious stance on interest rate policy this year, pushing the dollar to its lowest in a month. The Fed on Wednesday raised interest rates for the second time in three months, wi
Published 17 Mar, 2017 12:00am
Gold rallies over 1.5 percent in New York

Gold rallies over 1.5 percent in New York

Gold rallied more than 1.5 percent to a one-week high on Wednesday, as the US Federal Reserve called for gradual monetary tightening after raising interest rates by an expected 25 basis points for the second time in three months.
Published 17 Mar, 2017 12:00am
Palm oil up on improving exports
Currency

Palm oil up on improving exports

Malaysian palm oil futures rose on Thursday evening, driven by improving exports and lowered production forecasts and despite a strengthening ringgit, which typically weighs on prices.
Published 17 Mar, 2017 12:00am
Tokyo rubber down
Currency

Tokyo rubber down

Benchmark Tokyo rubber futures ended down 0.8 percent on Thursday, dragged lower by a sharp rise in yen against the dollar after the US Federal Reserve signalled no pick-up in the pace of monetary tightening this year.
Published 17 Mar, 2017 12:00am
Oil slips despite weak dollar as US stockpiles remain high

Oil slips despite weak dollar as US stockpiles remain high

Oil prices slipped on Thursday, as support from a weaker dollar was offset by US crude inventories near record high levels that again raised concerns whether OPEC-led output cuts were starting to drain a global glut.
Published 17 Mar, 2017 12:00am
Copper rises as dollar dips after Fed rate increase

Copper rises as dollar dips after Fed rate increase

world's biggest mines raised supply concerns and a weaker dollar made metals cheaper for holders of foreign currencies. The dollar sank to a four-week low against a basket of currencies after the US Federal Reserve raised interest rates for the second tim
Published 17 Mar, 2017 12:00am
Shanghai copper rises

Shanghai copper rises

Shanghai Futures Exchange copper rose 1.5 percent to 48,040 yuan ($6,969) a tonne on Thursday after a hike in near-term interest rates in China to hit its highest in more than a week on Thursday, with the dollar dropping after the US raised rates but show
Published 17 Mar, 2017 12:00am
Money laundering: SBP's sane advice

Money laundering: SBP's sane advice

Briefing the media after a meeting with the heads of all banks on 13th March, 2017, SBP Governor, Ashraf Mehmood Wathra, disclosed that he had discussed a number of issues with bankers today but the prime and dominating subject was money laundering on whi
Published 17 Mar, 2017 12:00am
Pak nukes are not for others

Pak nukes are not for others

As the Trump administration firms up its foreign policy objectives, quite a few lobbyists are working overtime to get Pakistan declared a state sponsor of terrorism. And among them, no wonder, is Pakistan's former ambassador to the United States, Hussain
Published 17 Mar, 2017 12:00am
Verdict awaited - I

Verdict awaited - I

In the wake of 'The Panama Papers: how the world's rich and famous hide their money offshore' (The Guardian, April 3, 2016), a debate is going on endlessly in Pakistan about the role of institutions that are supposed to check abuse of power, money launder
Published 17 Mar, 2017 12:00am
The 'deep state'

The 'deep state'

Writing in the New York Times (NYT), Amanda Taub and Max Fisher talked about shadowy networks within government bureaucracies, referred to as "Deep States", undermining and coercing elected governments very much like the spate of leaks be-devilling the Tr
Published 17 Mar, 2017 12:00am
Trump, Saudi Arabia in mutual embrace

Trump, Saudi Arabia in mutual embrace

US President Donald Trump may not be popular in much of the Muslim world but he has been embraced by Saudi Arabia and, in turn, has reached out to the oil-rich kingdom. A meeting on Tuesday in Washington between Trump and the powerful Saudi Deputy Crown P
Published 17 Mar, 2017 12:00am
FTAs AND PTAs

FTAs AND PTAs

Sanity, it seems, is ultimately gaining ground as the government has decided to give a serious consideration to every Preferential Trade Agreement (PTA) and Free Trade Agreement (FTA) before it decides to ink such accords. It is therefore heartening to no
Published 17 Mar, 2017 12:00am
Country receives $200 million under CSF

Country receives $200 million under CSF

Another tranche of Coalition Support Fund (CSF), amounting to $200 million, was received by Pakistan, last week. The country was expecting over $1 billion CSF inflows during the current fiscal year and the amount received last week was the second tranche
Published 17 Mar, 2017 12:00am
CPEC will prove game changer: CS

CPEC will prove game changer: CS

Chief Secretary Punjab Capt Zahid Saeed (r) has said that there are great business opportunities in the Punjab province for the foreigners. The China Pakistan Economic Corridor (CPEC) will be the game changer and new era of progress and prosperity will st
Published 17 Mar, 2017 12:00am
HCBF students visit PSE Lahore chapter

HCBF students visit PSE Lahore chapter

Punjab University Hailey College of Banking & Finance (HCBF) students visited Pakistan Stock Exchange (PSE), Lahore chapter. The purpose of visit was to provide the students an opportunity to have practical exposure on the market trading and an insight on
Published 17 Mar, 2017 12:00am
PM taking steps for Sindh's progress on priority: Zubair

PM taking steps for Sindh's progress on priority: Zubair

Governor Sindh Muhammad Zubair on Thursday said Prime Minister Nawaz Sharif is taking steps on priority basis for development of Sindh. He was talking to Senior Vice President Pakistan Muslim League Nawaz Sindh Syed Shah Mohammad in Karachi.
Published 17 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 17 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 17 Mar, 2017 12:00am
Exchange rates: buying and selling

Exchange rates: buying and selling

Exchange rates issued by the Treasury Management Division of National Bank of Pakistan on Thursday (March 16, 2017).

Published 17 Mar, 2017 12:00am
Currency notes: exchange rates
Currency

Currency notes: exchange rates

Exchange rates for Currency Notes issued by the Treasury Management Division of National Bank of Pakistan (NBP) here on Thursday (March 16, 2017).

Published 17 Mar, 2017 12:00am
Money Market Report
Currency

Money Market Report

Money market report by Khadim Ali Shah Bukhari & Co on Thursday (March 16, 2017).
Published 17 Mar, 2017 12:00am
Spot dollar rates

Spot dollar rates

Spot Dollar rates from Khadim Ali Shah Bukhari & Co Ltd on Thursday (March 16, 2017).

Published 17 Mar, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (March 16, 2017).

Published 17 Mar, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (March 16, 2017).

Published 17 Mar, 2017 12:00am
JLI MEESEQ Fund Rates

JLI MEESEQ Fund Rates

JLI Meeseq Fund Rates on Thursday (March 16, 2017).

Published 17 Mar, 2017 12:00am
Proposed right issues

Proposed right issues

Right issues proposed by companies listed on Karachi Stock Exchange.

Published 17 Mar, 2017 12:00am
Dividend/Bonus Announcements

Dividend/Bonus Announcements

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

Published 17 Mar, 2017 12:00am
Board Meetings

Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 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 17 Mar, 2017 12:00am
BOARD MEETINGS

BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

Published 17 Mar, 2017 12:00am
Consensus reached on military courts

Consensus reached on military courts

The government and political parties finally reached a consensus on giving a two-year "conditional" extension to military courts on Thursday, as Pakistan People's Party (PPP) agreed on withdrawing its five proposals out of nine it had linked to its suppor
Published 17 Mar, 2017 12:00am
Consensus reached on military courts

Consensus reached on military courts

The government and political parties finally reached a consensus on giving a two-year "conditional" extension to military courts on Thursday, as Pakistan People's Party (PPP) agreed on withdrawing its five proposals out of nine it had linked to its suppor
Published 17 Mar, 2017 12:00am
NA body for probe into export slide
Cotton

NA body for probe into export slide

National Assembly's Standing Committee on Finance has termed the $20 billion trade deficit during eight months of the current fiscal year as "scary" for the economy as well as balance of payment position (BoP), calling for a commission to establish the re
Published 17 Mar, 2017 12:00am
NA body for probe into export slide
Cotton

NA body for probe into export slide

National Assembly's Standing Committee on Finance has termed the $20 billion trade deficit during eight months of the current fiscal year as "scary" for the economy as well as balance of payment position (BoP), calling for a commission to establish the re
Published 17 Mar, 2017 12:00am
Ministry recommends exporting 0.2 million tons of sugar

Ministry recommends exporting 0.2 million tons of sugar

An inter-ministerial panel headed by Commerce Minister Engineer Khurram Dastgir has recommended export of an additional quantity of 0.2 million tons of sugar by April 30, 2017 against 0.4 million tons recommended by the Sugar Advisory Board (SAB), a body
Published 17 Mar, 2017 12:00am
Ministry recommends exporting 0.2 million tons of sugar

Ministry recommends exporting 0.2 million tons of sugar

An inter-ministerial panel headed by Commerce Minister Engineer Khurram Dastgir has recommended export of an additional quantity of 0.2 million tons of sugar by April 30, 2017 against 0.4 million tons recommended by the Sugar Advisory Board (SAB), a body
Published 17 Mar, 2017 12:00am
Ministry recommends exporting 0.2 million tons of sugar

Ministry recommends exporting 0.2 million tons of sugar

An inter-ministerial panel headed by Commerce Minister Engineer Khurram Dastgir has recommended export of an additional quantity of 0.2 million tons of sugar by April 30, 2017 against 0.4 million tons recommended by the Sugar Advisory Board (SAB), a body
Published 17 Mar, 2017 12:00am
Disabled, transgender: Supreme Court orders inclusion of column

Disabled, transgender: Supreme Court orders inclusion of column

The Supreme Court on Thursday issued directives to the government to include a column for the disabled and the transgender in the population census form. Disposing of a plea, seeking inclusion of a column relating to the disabled in the census form, a thr
Published 17 Mar, 2017 12:00am
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