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Archive - 2017-03-21
Gulf War by David C. Turnley
Featured Photos

Gulf War by David C. Turnley

Gulf War World Press Photo of the Year, prize singles 27-02-1991 While being evacuated to a hospital by he
Updated 25 Mar, 2017 06:10am
Bullion Prices on Tuesday
Markets

Bullion Prices on Tuesday

KARACHI: Following were the Bullion Prices inKarachi, Hyderabad, Multan and Lahore on Tuesday.KARACHI: (per 10 gram)Gold
Updated 22 Mar, 2017 09:17am
Bullion rates in Multan
Markets

Bullion rates in Multan

MULTAN: Following are the bullion rates received from markets, here on Tuesday. BULLION (PER 10 GRAM) =====
Updated 21 Mar, 2017 03:44pm
European markets mostly climb
Financial

European markets mostly climb

LONDON: European stock markets mostly rose on Tuesday, after gains across most of Asia, but London fell as surging infla
Updated 21 Mar, 2017 03:30pm
CDNS achieves Rs 161 billion mark
Top News

CDNS achieves Rs 161 billion mark

ISLAMABAD: Central Directorate of National Savings (CDNS) has achieved Rs 161 billion savings till last week of third qu
Updated 21 Mar, 2017 03:27pm
Saudi outgoing envoy meets PM
Pakistan

Saudi outgoing envoy meets PM

ISLAMABAD: Abdullah Marzouk, Ambassador of Saudi Arabia made a farewell call on Prime Minister Muhammad Nawaz Sharif h
Updated 21 Mar, 2017 10:23am
Migrating from Mac to Windows?
Technology

Migrating from Mac to Windows?

Software giant Microsoft has quietly released new migration software that makes it easier to switch data from Mac to Surface devices. %D%A%D%A
Published 21 Mar, 2017 08:39am
Spina Bifida by George Steinmetz
Featured Photos

Spina Bifida by George Steinmetz

Photo Credit: George Steinmetz%D%ASince 1986, George has completed more than 40 major photo essays for National Geographic and 25 stories for GEO magazine in Germany.
Published 21 Mar, 2017 08:20am
Ivanka Trump gets office in White House
North America

Ivanka Trump gets office in White House

US President Donald Trump's daughter, Ivanka Trump, now holds her own office in the White House West Wing, - the hub of US executive power, confirms an administration official.
Published 21 Mar, 2017 08:08am
Inlandsis Expedition by Philippe Bourseiller
Featured Photos

Inlandsis Expedition by Philippe Bourseiller

Photo Credit: Philippe Bourseiller%D%APhilippe Bourseiller travels through the vast open spaces that Nature has created on our planet with his Canon in hand.
Published 21 Mar, 2017 07:57am
Lawn lunacy!
Miscellaneous

Lawn lunacy!

Finders keepers, losers weepers, just rightly describes lawn buyers every summers; the airy, and untextured fabric is a plain weave textile, chiefly cotton, and perfect for the harsh summer weather of the country.
Published 21 Mar, 2017 06:53am
Current account report
Miscellaneous

Current account report

The current account continues its slippery path; some grace is saved upon receiving CSF money in the last week of February; the deficit stands at $744 million in February, while it was $1.
Published 21 Mar, 2017 06:53am
Pakgen Power Limited
Power Generation

Pakgen Power Limited

Pakgen Power Limited (PKGP) announced its FY16 result yesterday which saw the companys bottomline dip by 68 percent on a year-on-year basis.
Published 21 Mar, 2017 06:53am
FBI chief confirms probe of possible Russia links to Trump team

FBI chief confirms probe of possible Russia links to Trump team

FBI Director James Comey confirmed for the first time Monday that the agency is investigating Russian interference in last year's presidential election and notably Moscow's possible collusion with President Donald Trump's campaign. He also rejected Trump'
Published 21 Mar, 2017 12:00am
Hides and skin rates

Hides and skin rates

Hides and skin rates in rupees prevailing on the commodity markets in Karachi on Monday (March 20, 2017).

Published 21 Mar, 2017 12:00am
FBI chief confirms probe of possible Russia links to Trump team

FBI chief confirms probe of possible Russia links to Trump team

FBI Director James Comey confirmed for the first time Monday that the agency is investigating Russian interference in last year's presidential election and notably Moscow's possible collusion with President Donald Trump's campaign. He also rejected Trump'
Published 21 Mar, 2017 12:00am
Merkel says Germany could ban Turkish campaign events

Merkel says Germany could ban Turkish campaign events

Chancellor Angela Merkel warned Monday that Germany could ban future campaign events by Turkish politicians on its soil unless Ankara stops "Nazi" jibes aimed at Berlin. Turkey and the European Union - especially its top economy Germany, with its large Tu
Published 21 Mar, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Monday (March 20, 2017)

Published 21 Mar, 2017 12:00am
Merkel says Germany could ban Turkish campaign events

Merkel says Germany could ban Turkish campaign events

Chancellor Angela Merkel warned Monday that Germany could ban future campaign events by Turkish politicians on its soil unless Ankara stops "Nazi" jibes aimed at Berlin. Turkey and the European Union - especially its top economy Germany, with its large Tu
Published 21 Mar, 2017 12:00am
344,597 CNICs of suspects blocked so far, NA told

344,597 CNICs of suspects blocked so far, NA told

The government has, so far, blocked 344,597 Computerised National Identity Cards (CNICs) of suspected persons from all four provinces, Azad Kashmir and Gilgit-Baltistan, besides cancelling 30,400 fake passports. Interior Minister Chaudhry Nisar Ali Khan r
Published 21 Mar, 2017 12:00am
344,597 CNICs of suspects blocked so far, NA told

344,597 CNICs of suspects blocked so far, NA told

The government has, so far, blocked 344,597 Computerised National Identity Cards (CNICs) of suspected persons from all four provinces, Azad Kashmir and Gilgit-Baltistan, besides cancelling 30,400 fake passports. Interior Minister Chaudhry Nisar Ali Khan r
Published 21 Mar, 2017 12:00am
Big banks back off calls for euro-dollar parity
Currency

Big banks back off calls for euro-dollar parity

US bank Citi has abandoned its prediction of a fall for the euro to below parity against the dollar, the latest major lender to capitulate on long-term forecasts for a historic change in one of the world's big currency equilibriums. The shift, sent to cli
Published 21 Mar, 2017 12:00am
Big banks back off calls for euro-dollar parity
Currency

Big banks back off calls for euro-dollar parity

US bank Citi has abandoned its prediction of a fall for the euro to below parity against the dollar, the latest major lender to capitulate on long-term forecasts for a historic change in one of the world's big currency equilibriums. The shift, sent to cli
Published 21 Mar, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Monday (March 20, 2017).

Published 21 Mar, 2017 12:00am
Big banks back off calls for euro-dollar parity
Currency

Big banks back off calls for euro-dollar parity

US bank Citi has abandoned its prediction of a fall for the euro to below parity against the dollar, the latest major lender to capitulate on long-term forecasts for a historic change in one of the world''s big currency equilibriums. The shift, sent to cl
Published 21 Mar, 2017 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 21 Mar, 2017 12:00am
Budget blues

Budget blues

Almost every government tries to garner votes by manipulating the budget in an election year. Believing in this pattern, a guesstimate has been made by this newspaper to speculate about the likely strategy to be adopted by the present government during fi
Published 21 Mar, 2017 12:00am
LME official prices

LME official prices

The following were Friday official prices.

Published 21 Mar, 2017 12:00am
Civil service promotions and appointments

Civil service promotions and appointments

The arbitrary manner in which the federal and provincial governments decide appointments and promotions of senior civil servants and particularly the recent decisions by the federal government in this respect has sparked a public controversy as well as le
Published 21 Mar, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (March 20, 2017).

Published 21 Mar, 2017 12:00am
Falling remittances
Currency

Falling remittances

Home remittances to Pakistan have started falling after many years of double-digit growth. They fell by 7% in February 2017 in comparison to the level in February 2016. Overall, for the first eight months of 2016-17 the decline is 2%. A not so well known
Published 21 Mar, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Monday (March 20, 2017).

Published 21 Mar, 2017 12:00am
China: Belt and Road Initiative

China: Belt and Road Initiative

China's role in the global context has grown in terms of its output, trade and now its voice and leadership in sustainable and inclusive development, and resolve to pursue low carbon pathways. A further paradigm shift is anticipated in the role and influe
Published 21 Mar, 2017 12:00am
The Weather

The Weather

The weather report on Monday (March 20, 2017) and the forecast for Tuesday (March 21, 2017).

Published 21 Mar, 2017 12:00am
Compliance in banks and fintech/regtech

Compliance in banks and fintech/regtech

Compliance is the latest of challenges that the boards and management of banks and financial institutions (FIs) now face worldwide. A decade ago, compliance used to be a small task taken care of by one person or a small team, usually in the legal departme
Published 21 Mar, 2017 12:00am
Sugar export

Sugar export

Sugarcane is an important cash crop of Pakistan. It is sown on a large area of the country. Linked with it is a viable industry. Sugar industry is the second largest agro based industry in the country, producing refined sugar from the sugarcane. Also, som
Published 21 Mar, 2017 12:00am
Pakistan faces no security threats: A Q Khan

Pakistan faces no security threats: A Q Khan

Renowned nuclear scientist Dr Abdul Qadeer Khan on Monday said that Pakistan is free from all sorts of security threats due to its nuclear weapons. Addressing at the prize distribution ceremony of the poster competition organised by Dr AQ Khan Institute (
Published 21 Mar, 2017 12:00am
Tribesmen stage protest against proposed sell-off of hospital

Tribesmen stage protest against proposed sell-off of hospital

Dozens of tribesmen staged a protest demonstration against proposed privatisation of Agency Headquarter Hospital, Landi Kotal on Monday. Dozens of tribal elders, political workers and health officials while holding placards and banner inscribed with sloga
Published 21 Mar, 2017 12:00am
PCJCCI conducts Chinese language proficiency test

PCJCCI conducts Chinese language proficiency test

The Pak-China Joint Chamber of Commerce and Industry has left no stone unturned to empower people with Chinese language through a validated and sustainable Chinese language program. According to the PCJCCI spokesman, the chamber has efficaciously conducte
Published 21 Mar, 2017 12:00am
Saad approves restructuring of legal & IT departments

Saad approves restructuring of legal & IT departments

Minister for Railways Khawaja Saad Rafique has approved restructuring and strengthening of Legal and IT Departments after Property and Land Departments in three consecutive meetings at Pakistan Railways Headquarters, says a press release issued here on Mo
Published 21 Mar, 2017 12:00am
Business community in held Kashmir keen to become part of CPEC

Business community in held Kashmir keen to become part of CPEC

Leaders of the business community in Indian occupied Kahmsir (IOK) are keen to become part of the multi-billion dollar China-Pakistan Economic Corridor (CPEC). Chairman of Kashmir Economic Alliance (KEA) Mohammad Yasin Khan in a media interview said that
Published 21 Mar, 2017 12:00am
Party title: Naheed approaches SC against LHC verdict

Party title: Naheed approaches SC against LHC verdict

A close aide of slain PPP Chairperson Benazir Bhutto on Monday invoked the Supreme Court appellant jurisdiction against Islamabad High Court's decision that rejected Naheed Khan's plea for seeking the party title to her name. Earlier, Naheed Khan, a polit
Published 21 Mar, 2017 12:00am
PPP challenges ongoing population census in SHC

PPP challenges ongoing population census in SHC

Pakistan Peoples Party (PPP) on Monday challenged ongoing population census in Sindh High Court (SHC) saying that the process was not transparent and certain formation was being kept secret. "Petition narrates secrecy in population census as unconstitutio
Published 21 Mar, 2017 12:00am
Pakistanis much happier than Indians: report

Pakistanis much happier than Indians: report

It has been revealed through the World Happiness Report 2017 released by a UN Agency that a Pakistan citizen continues to be happier than an Indian. As per details, Pakistan has been ranked 80th while India stands at 122 in the World Happiness Report 2017
Published 21 Mar, 2017 12:00am
Citizens of 150 countries in more debt than Pakistanis

Citizens of 150 countries in more debt than Pakistanis

A recent study has disclosed Japan as most indebted nation in world. Every Japanese owes a debt of about $85,700. Pakistan, surprisingly is below 150 countries in the list. Report states that every Pakistani owes just $800 in debt. Likewise, every Indian
Published 21 Mar, 2017 12:00am
Nisar explains approach to challenges of terrorism, sectarianism

Nisar explains approach to challenges of terrorism, sectarianism

Clarifying his position in response to joint opposition's motion in the Senate on Monday, Interior Minister Chaudhry Nisar Ali Khan denied having talked about going soft against those involved in sectarianism. However, he point out certain loopholes urgin
Published 21 Mar, 2017 12:00am
CEO Clubs Worldwide president visits FPCCI

CEO Clubs Worldwide president visits FPCCI

President and Founder of CEO Clubs Worldwide, USA, Dr Joseph Mancuso, along with his 15-member delegation of different Chapters of the world, visited the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) for exploring and getting essence of
Published 21 Mar, 2017 12:00am
TCS holds symposium on 'Early Years Education'

TCS holds symposium on 'Early Years Education'

Children only get one chance at childhood and it is both our privilege and our duty, whether as educators or parents, to ensure that they spend their childhood actively learning and not passively doing, Philip Hallworth, Director Academics, The City Schoo
Published 21 Mar, 2017 12:00am
BUET, SU sign strategic alliance

BUET, SU sign strategic alliance

The University of Sindh (SU) has entered into a strategic agreement with Balochistan University of Engineering & Technology (BUET) Khuzdar in a move to boost nationalization efforts in country's higher education sector. The BUET Vice Chancellor Brigadier
Published 21 Mar, 2017 12:00am
Declining exports, remittances widen C/A deficit: SBP

Declining exports, remittances widen C/A deficit: SBP

Pakistan's current account deficit has increased to $5.47 billion due to declining exports and workers' remittances in the eight months of running fiscal year. According to data issued by the State Bank of Pakistan, the current account deficit was recorde
Published 21 Mar, 2017 12:00am
SU gives away scholarship cheques to 75 students

SU gives away scholarship cheques to 75 students

As many as 75 students of the Sindh University (SU) received cheques under the HEC need-based and districts Zakat Ushr scholarships at a ceremony held at Senate Hall, Ghulam Mustafa Shah Administration Building of University of Sindh Jamshoro here on Mond
Published 21 Mar, 2017 12:00am
Bilawal concerned at abduction of engineer in Sudan

Bilawal concerned at abduction of engineer in Sudan

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari Monday expressed deep concern over the kidnapping of Pakistani engineer Ayaz Jamali and others in Sudan.In a statement, he asked the Federal government for immediate steps to ensure safe recover
Published 21 Mar, 2017 12:00am
Khushhali Microfinance Bank opens Attock branch

Khushhali Microfinance Bank opens Attock branch

A new branch was inaugurated by Khushhali Microfinance Bank on Monday in Attock, for customer facilitation in the area. This new branch will allow residents of Attock and adjacent areas an easy access to finance for their financial needs. President Khushh
Published 21 Mar, 2017 12:00am
Shaheen Insurance's rating upgraded

Shaheen Insurance's rating upgraded

PACRA has upgraded the Insurer Financial Strength (IFS) rating of Shaheen Insurance Company Ltd to "A" with stable outlook. Shaheen Insurance rating reflects significant improvement in its liquidity profile. The company has sustained market share keeping
Published 21 Mar, 2017 12:00am
Rains, thunderstorm likely tomorrow

Rains, thunderstorm likely tomorrow

The Met Office on Monday forecast rain, thunderstorm and gusty winds for over upper parts of the country in the next two days. It said that a system is expected to enter Pakistan on Tuesday to influence the weather system to unleash rain and thunderstorm
Published 21 Mar, 2017 12:00am
11th Food Technology Asia-2017 kicks off

11th Food Technology Asia-2017 kicks off

As many as 200 international and domestic exhibitors are showcasing their products and services in the 11th Food Technology Asia-2017 which began here at Karachi Expo Centre on Monday. The three-day mega show, the event organisers said, would see visits o
Published 21 Mar, 2017 12:00am
ET initiates 'road checking' campaign

ET initiates 'road checking' campaign

Excise and Taxation department has initiated Road Checking Campaign to nab the tax defaulting vehicles across the province. The campaign has been instead on the directive of Provincial Minister for Excise and Taxation Mukesh Kumar Chawla and it will conti
Published 21 Mar, 2017 12:00am
First license for ferry cruise service issued

First license for ferry cruise service issued

Ministry of Ports and Shipping has granted first ever license to operate ferry service for domestic and international passengers and cargo. According to a statement issued here on Monday, the Federal Minister for Ports and Shipping Senator Mir Hasil Khan
Published 21 Mar, 2017 12:00am
Insurance business has promising future: PBIF chief

Insurance business has promising future: PBIF chief

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has urged the government to establish a separate regulator for the micro-insurance sector and provide incentives to the private sector so that it can step in the segment as
Published 21 Mar, 2017 12:00am
Insurance business has promising future: PBIF chief

Insurance business has promising future: PBIF chief

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has urged the government to establish a separate regulator for the micro-insurance sector and provide incentives to the private sector so that it can step in the segment as
Published 21 Mar, 2017 12:00am
Parkash appointed FPCCI body chief

Parkash appointed FPCCI body chief

President FPCCI Zubair F. Tufail has appointed once again Atam Parkash as Chairman FPCCI Standing Committee on Minority Affairs for the year 2017. Atam Parkash, while expressing his determination said he will make efforts to resolve the issues, problems a
Published 21 Mar, 2017 12:00am
Ground-breaking of 1320 megawatts coal-fired power plant in Hub today

Ground-breaking of 1320 megawatts coal-fired power plant in Hub today

The ground-breaking of 1320 MW Coal Fired Power Plant in District Hub, Balochistan will take place on Tuesday, March 21, 2017. The project is being constructed by China Power Hub Generation Company (CPHGC) a joint venture project company setup by The Hub
Published 21 Mar, 2017 12:00am
Wathra meets CEOs of commercial banks, QCCI representatives

Wathra meets CEOs of commercial banks, QCCI representatives

Governor State Bank of Pakistan (SBP) Ashraf Mahmood Wathra spent a busy day in provincial capital Quetta and held meetings with CEOs of commercial banks and representatives of Quetta Chamber of Commerce & Industry (QCCI). Governor, State Bank of Pakistan
Published 21 Mar, 2017 12:00am
2016-2023: Nepra announces multi-year KE tariff

2016-2023: Nepra announces multi-year KE tariff

The National Electric Power Regulatory Authority (Nepra) has announced integrated multiyear tariff of K-Electric Limited (KE) for seven years, ie, (2016-2023) slashing average tariff by Rs 3.50 per unit due to reduction in losses and improvement in effici
Published 21 Mar, 2017 12:00am
Shahbaz inaugurates feeder bus service in Lahore

Shahbaz inaugurates feeder bus service in Lahore

Chief Minister of Punjab Mian Shahbaz Sharif has inaugurated Lahore Feeder Bus Service, in the provincial metropolis on Monday. While addressing at the inaugural ceremony, the Chief Minister said 200 air conditioned busses will ply from 6 am to 11 pm at n
Published 21 Mar, 2017 12:00am
Al Meezan attains highest management quality rating

Al Meezan attains highest management quality rating

Al Meezan Investments (Al Meezan), Pakistan's largest asset management company has achieved the highest possible Management Quality Rating of AM1 which denotes "Asset manager exhibit Excellent management characteristics". Al Meezan is the only Asset Manag
Published 21 Mar, 2017 12:00am
Al Meezan attains highest management quality rating

Al Meezan attains highest management quality rating

Al Meezan Investments (Al Meezan), Pakistan's largest asset management company has achieved the highest possible Management Quality Rating of AM1 which denotes "Asset manager exhibit Excellent management characteristics". Al Meezan is the only Asset Manag
Published 21 Mar, 2017 12:00am
Tehmina to assume office of Foreign Secretary today

Tehmina to assume office of Foreign Secretary today

The newly appointed Foreign Secretary, Tehmina Janjua will assume the charge of her office today (Monday) at the Foreign Office, it was learnt. Foreign Office sources said that Junjua has arrived from Geneva on Sunday and she will assume the charge of her
Published 21 Mar, 2017 12:00am
Municipal lawlessness: CJ seeks detailed report from CDA

Municipal lawlessness: CJ seeks detailed report from CDA

Chief Justice Mian Saqib Nisar has taken notice of municipal lawlessness in Bani Gala, Islamabad, says a press release issued here on Monday. The notice was taken on a complaint filed by Chairman Pakistan Tahreek-e-Insaf Imran Khan, highlighting continuou
Published 21 Mar, 2017 12:00am
NH&MP initiates training programme for motorcyclists

NH&MP initiates training programme for motorcyclists

National Highways & Motorway Police (NH&MP) N-5 South Zone has initiated motorcyclists' training program at road safety training institute (RSTI) of Motorway Police here. Nasir Mehmood Sati, DIG NH&MP N-5 South Zone in a statement said group wise batches
Published 21 Mar, 2017 12:00am
Military courts: Parliamentary parties to vote today

Military courts: Parliamentary parties to vote today

Parliamentary parties will vote today (Tuesday) in the National Assembly in favour of extension in tenure of military courts for a period of another two years despite expressing their reservations on the issue on the floor of the House.
Published 21 Mar, 2017 12:00am
Mamnoon for linguistic experiments to facilitate mutual contacts

Mamnoon for linguistic experiments to facilitate mutual contacts

President Mamnoon Hussain on Monday underscored the need for new linguistic experiments to facilitate mutual contacts between regional countries in order to make China-Pakistan Economic Corridor (CPEC) successful for which Urdu language provides an excell
Published 21 Mar, 2017 12:00am
Shaheen Air inducts third Airbus into fleet

Shaheen Air inducts third Airbus into fleet

In line with its commitment of enhancing Pakistan's aviation sector, Shaheen Air International (SAI) has inducted a third Airbus A319 into its fleet. The new aircraft comes wrapped in a new livery that builds on the revamped brand identity and philosophy
Published 21 Mar, 2017 12:00am
Rape case: Teacher sentenced to 40 years in prison

Rape case: Teacher sentenced to 40 years in prison

A local court in Karachi on Monday sentenced school teacher to 40 years in prison along with Rs 50,000 fine in student rape case. According to details, Additional District and Session Judge has announced verdict in a case pertaining to kidnapping and rapi
Published 21 Mar, 2017 12:00am
NFC Award: Federal government urged to avoid procrastination
Cotton

NFC Award: Federal government urged to avoid procrastination

Provincial governments have accused the Finance Ministry of deliberately not convening a meeting to begin negotiations on the National Finance Commission (NFC) award for distribution of resources from the divisible pool. Member NFC Khyber Pakhtunkhwa (KPK
Published 21 Mar, 2017 12:00am
Out-of-turn promotion: SC seeks service profiles of 8 police officers

Out-of-turn promotion: SC seeks service profiles of 8 police officers

The Supreme Court on Monday issued directives to the Punjab government to submit service profile of eight police officers who were given out of turn promotion. Resuming the hearing of the matter, a three-member bench led by Justice Amir Hani Muslim also i
Published 21 Mar, 2017 12:00am
NA-110: SC turns down plea

NA-110: SC turns down plea

The Supreme Court on Monday turned down plea of Pakistan Tehreek-e-Insaf leader Usman Dar, seeking revisit of apex court's verdict which found no irregularities in success of incumbent Defence Minister Khawaja Asif in general election 2013.
Published 21 Mar, 2017 12:00am
Afridi to set up sports foundation

Afridi to set up sports foundation

Owner of Peshawar Zalmi, Champion Pakistan Super League (PSL) 2nd edition, Javed Afridi has announced to establish a sports foundation to promote the grooming talent in tribal areas and Khyber Pakhtunkhwa. Speaking at a "Meet the Press" programme, organiz
Published 21 Mar, 2017 12:00am
Missing clerics return India

Missing clerics return India

The two Indian clerics of Hazrat Nizamuddin Dargah, who went missing from Karachi, on Monday reached back to Delhi. External Affairs Minister Sushma Swaraj had informed about their safe arrival on Sunday on her Twitter handle. She met the two Sufi clerics
Published 21 Mar, 2017 12:00am
Traders condemn drive against encroachments

Traders condemn drive against encroachments

Traders and businessmen have expressed great resentment over crackdown against shopkeepers and harassing them under garb of anti-encroachment campaign by district administration in city, and demanded of the government to take business community and trader
Published 21 Mar, 2017 12:00am
SC suspends SHC's verdict on liquor sale

SC suspends SHC's verdict on liquor sale

The top court on Monday suspended Sindh High Court's verdict of March 02 for bringing liquor selling in the province in violation of the Hudood Ordinance of 1979 to an end. Resuming the hearing of an appeal filed by wine vendors against SHC decision to se
Published 21 Mar, 2017 12:00am
UoP arranges study tour on post-disaster recovery

UoP arranges study tour on post-disaster recovery

The Centre for Disaster Preparedness and Management (CDPM), University of Peshawar arranged a study tour for the students of MSc Final Disaster Management to State Disaster Management Authority (SDMA)-AJK and Balakot Town. The basic aim of the study tour
Published 21 Mar, 2017 12:00am
Census worker's death: Dar announces Rs one million for family

Census worker's death: Dar announces Rs one million for family

Finance Minister, Senator Mohammad Ishaq Dar has announced special compensation worth Rs 10,00,000 (ten lac rupees) for the family of Abdul Qadir, an official deputed on Census duty, who died in a fatal accident in village Neen Ban, Mansehra Distt last we
Published 21 Mar, 2017 12:00am
Pakistan's resolution adopted

Pakistan's resolution adopted

On the occasion of its sixtieth anniversary session, the United Nations Commission on Narcotic Drugs (CND) has adopted, by consensus, a resolution tabled by Pakistan on the theme of "strengthening international cooperation to assist the States most affect
Published 21 Mar, 2017 12:00am
Political Tehsildar injured during Jirga

Political Tehsildar injured during Jirga

Political Tehsildar of Ambar tehsil was injured during the tribesmen Jirga at Lower Sub-Division of Ekkaghundin tribal Mohmand Agency on Monday. A political administration official said that a jirga of Adam kor and Sghatimeena tribesmen was in progress wi
Published 21 Mar, 2017 12:00am
PITB's e-Stamping project fetches Rs 20.131 billion revenue

PITB's e-Stamping project fetches Rs 20.131 billion revenue

Punjab Information Technology Board's (PITB) flagship project e-Stamping has shown remarkable results in the shortest span of eight months' time by fetching the revenue worth Rs 20,313,111,567. A number of 897,276 people visited the respective website whi
Published 21 Mar, 2017 12:00am
FBR lauded for planning incentives for new filers

FBR lauded for planning incentives for new filers

The Pakistan Industrial and Traders Associations Front (PIAF) has welcomed the Federal Board of Revenue (FBR) for planning to give some incentives like tax credits to new filers and existing filers of income tax returns to ensure timely return of filing a
Published 21 Mar, 2017 12:00am
ACCA launches research report, online certificates

ACCA launches research report, online certificates

ACCA Pakistan held an exclusive event to reveal the key findings of its latest research report, 50 drivers of change in the public sector, published in December 2016. To help professional accountants and leaders in the public sector prepare for an uncerta
Published 21 Mar, 2017 12:00am
Criminal record system: IGP issues directions for NADRA's help

Criminal record system: IGP issues directions for NADRA's help

Inspector General of Police (IGP) Punjab Mushtaq Ahmad Sukhera has said that the missing CNIC numbers of criminals in Criminal Record Management System (CRMS) should be obtained from NADRA by providing their photos, names, parentage and addresses. He said
Published 21 Mar, 2017 12:00am
Final draft on IPRs likely by year-end: Dastgir

Final draft on IPRs likely by year-end: Dastgir

Federal Minister for Commerce Engr. Khurram Dastgir Khan has said that all the stakeholders were being consulted on the issue of intellectual property rights and a final draft in this regard would come forth by end of the current year. The Minister stated
Published 21 Mar, 2017 12:00am
Zakat funds distributed among students under SEEP

Zakat funds distributed among students under SEEP

The financial assistance of Rs 1.94 million out of Zakat funds has been distributed among the 46 deserving students of Punjab Vocational Institutions in the district under Sustainable Economic Empowerment Programme (SEEP) for self employment.
Published 21 Mar, 2017 12:00am
Poetry collection of Munazza Batool launched

Poetry collection of Munazza Batool launched

A poetry collection of renowned poetess Munazza Batool was launched here at Multan Chamber of Commerce and Industry (MCCI) on Monday evening. Munazza Batool's poetry book titled "Meray Jaisay ho Tum" ceremony was a ceremony full of joy and happiness, whic
Published 21 Mar, 2017 12:00am
Faysal Bank HomeStyles launched

Faysal Bank HomeStyles launched

Faysal Bank Limited (FBL), one of the leading banks in Pakistan announced the launch of the Faysal Bank HomeStyles in partnership with leading home improvement brands to provide home appliances and furniture products on installments. Faysal Bank HomeStyle
Published 21 Mar, 2017 12:00am
Commissionerate system renders 'Beggars' Home' dysfunctional

Commissionerate system renders 'Beggars' Home' dysfunctional

After implementation of the commissionerate system in Punjab, the 'Beggars' Home Lahore' is lying dysfunctional as there is no authority to arrest beggars and hand them over to the Social Welfare & Bait-ul-Maal department for taking legal action and rehab
Published 21 Mar, 2017 12:00am
Agriauto Industries Limited

Agriauto Industries Limited

Agriauto Industries (PSX: AGIL) was incorporated in 1981 and is one of the leading automotive parts manufacturer in the Pakistan. The company over the years has done technical collaborations with various international companies and is the first company in
Published 21 Mar, 2017 12:00am
Agriauto Industries Limited

Agriauto Industries Limited

Agriauto Industries (PSX: AGIL) was incorporated in 1981 and is one of the leading automotive parts manufacturer in the Pakistan. The company over the years has done technical collaborations with various international companies and is the first company in
Published 21 Mar, 2017 12:00am
Smuggling: FBR criticised for failing to make report public

Smuggling: FBR criticised for failing to make report public

Senator Kamil Agha said on Monday that Federal Board of Revenue (FBR) has a detailed report on menace of smuggling but cannot make it public due to pressure from mafias. "The FBR had prepared a comprehensive report about the menace of smuggling, but no ma
Published 21 Mar, 2017 12:00am
FO explains reasons behind India's confusion

FO explains reasons behind India's confusion

Foreign Office spokesperson Nafees Zakaria on Monday said that India has become confused as a result of Pakistan's economic stability. In a telephonic conversation with a private TV news channel, Zakaria affirmed that India's efforts to create economic in
Published 21 Mar, 2017 12:00am
PSX providing relief to victims of M R Securities

PSX providing relief to victims of M R Securities

The Pakistan Stock Exchange Limited (PSX) is working relentlessly to provide relief to all victims of M R Securities (SMC-Pvt) Ltd (MRSPL) whose TRE Certificate was forfeited by PSX, due to among other things for its failure to resolve increasing number o
Published 21 Mar, 2017 12:00am
Dawood University holds fourth convocation

Dawood University holds fourth convocation

Some 229 graduates were conferred degrees in engineering and Architecture disciplines at the 4th convocation of Dawood University of Engineering and Technology (DUET) held at university's Jinnah Campus on Monday. Fazeela Niazi, an Energy and Environment s
Published 21 Mar, 2017 12:00am
Strikes pound east Damascus after rebel assault

Strikes pound east Damascus after rebel assault

Syrian government forces clashed with rebels and hammered opposition-held areas of east Damascus on Monday, before calm returned to the capital after a surprise assault. In the north of the country, meanwhile, a Kurdish militia said the Russian military i
Published 21 Mar, 2017 12:00am
Syria Kurds say will get training from Russian forces

Syria Kurds say will get training from Russian forces

Russia's military will train Kurdish forces in Syria, the militia's spokesman said Monday, in Moscow's first agreement of its kind with the group that controls large parts of the country's north. The move by Russia, a longtime ally of President Bashar al-
Published 21 Mar, 2017 12:00am
Mandela's eldest grandchild ditches his ANC party

Mandela's eldest grandchild ditches his ANC party

Nelson Mandela's eldest grandchild has publicly ditched the ruling African National Congress party over its damaging and seemingly endless scandals. Nelson Mandela led the ANC from 1991 to 1997, carrying the party to an historic election victory at the en
Published 21 Mar, 2017 12:00am
Israeli PM visits China

Israeli PM visits China

Visiting Israeli Prime Minister Benjamin Netanyahu met his Chinese counterpart Monday and called for efforts to promote global stability, amid political turmoil back home. There is a "great deal of convulsion in the world", Netanyahu told Li Keqiang befor
Published 21 Mar, 2017 12:00am
Plane crash-lands in South Sudan with 45 onboard

Plane crash-lands in South Sudan with 45 onboard

A passenger jet carrying 45 people crash-landed in South Sudan's northwestern city of Wau on Monday, leaving at least 14 people injured, government and airport officials said. Hours after the accident, there was still no official confirmation of whether t
Published 21 Mar, 2017 12:00am
Norway tops world's happiest countries list

Norway tops world's happiest countries list

A chilly climate isn't keeping Norway from basking in the glow of being named the world's happiest country on Monday. It surged from fourth place in last year's UN assessment all the way to the top spot, according to the World Happiness Report 2017. Other
Published 21 Mar, 2017 12:00am
Baghdad car bomb kills at least 15

Baghdad car bomb kills at least 15

A car bombing on Monday evening in the Iraqi capital Baghdad killed at least 15 people and wounded 33, an interior ministry official told AFP. The blast happened at around 7:00 pm (1600 GMT) in the busy business district of Hay al-Amel in the west of the
Published 21 Mar, 2017 12:00am
UK names new spy chief amid dispute with Washington

UK names new spy chief amid dispute with Washington

Britain on Monday named a new head for its communications spying agency GCHQ, which has been embroiled in a rare public row with Washington over allegations that it was used to snoop on Donald Trump. Jeremy Fleming, currently deputy director-general of th
Published 21 Mar, 2017 12:00am
Sri Lanka ex-leader's brother 'led death squad': court

Sri Lanka ex-leader's brother 'led death squad': court

Former Sri Lanka president Mahinda Rajapakse's brother Gotabhaya directed a top-secret death squad which targeted journalists and dissidents, a court was told Monday. Criminal Investigations Department (CID) told the Mount Lavinia magistrate's court that
Published 21 Mar, 2017 12:00am
Iran's supreme leader calls for 'resistance economy'

Iran's supreme leader calls for 'resistance economy'

Iran's supreme leader Ayatollah Ali Khamenei on Monday reiterated a call for a "resistance economy" that prioritises domestic production. In a televised message to mark Nowruz, the Persian New Year, he urged officials to "focus on the key issues of domest
Published 21 Mar, 2017 12:00am
UNESCO raises $75.5 million to protect heritage from war, terror

UNESCO raises $75.5 million to protect heritage from war, terror

Seven countries and an American donor on Monday pledged $75.5 million (70 million euros) to a UNESCO-backed fund aimed at protecting the world's cultural heritage against war and terrorism. French President Francois Hollande hosted the gathering at the Lo
Published 21 Mar, 2017 12:00am
Export bans hit Brazil's meat industry after scandal

Export bans hit Brazil's meat industry after scandal

The fallout from Brazil's rotten meat scandal gathered force Monday when China, a huge market, suspended imports and the European Union called for a partial ban. A charm offensive by President Michel Temer, who even invited foreign ambassadors to a tradit
Published 21 Mar, 2017 12:00am
Irfan, Khalid appear before FIA in spot-fixing scandal

Irfan, Khalid appear before FIA in spot-fixing scandal

Pacer Mohammad Irfan and batsman Khalid Latif, who are among the five cricketers provisionally suspended over alleged corruption during Pakistan Super League(PSL) 2017, appeared on Monday before the Federal Investigation Agency (FIA) officials in Lahore.
Published 21 Mar, 2017 12:00am
Bank of Punjab Polo Cup begins

Bank of Punjab Polo Cup begins

The Bank of Punjab (BoP) Polo Cup 2017 will roll into action here at the Lahore Polo Club ground from Tuesday (today). The 8-12 goal event will be participated by three teams including Dollar East/Newage, Total Nutrition and Master Paints (Black).
Published 21 Mar, 2017 12:00am
Jeep rally to be held on Pakistan Day in Kohat

Jeep rally to be held on Pakistan Day in Kohat

To mark the Pakistan Day celebrations, the Tourism Corporation Khyber Pakhtunkhwa (TCKP) and the Frontier Club will jointly organize a jeep rally at Tanda Dam in Kohat on March 23. Besides jeep rally, water sports, kite flying, archery and folk music prog
Published 21 Mar, 2017 12:00am
Federer takes fifth Indian Wells title

Federer takes fifth Indian Wells title

Roger Federer claimed a record-equalling fifth ATP Indian Wells Masters title on Sunday, continuing his career resurgence with a 6-4, 7-5 victory over Stan Wawrinka. Federer, sidelined some six months after knee surgery last year, returned to win his 18th
Published 21 Mar, 2017 12:00am
Vesnina beats Kuznetsova to win Indian Wells WTA title

Vesnina beats Kuznetsova to win Indian Wells WTA title

Elena Vesnina capped a stellar Indian Wells campaign with a hard-fought 6-7 (6/8), 7-5, 6-4 triumph over fellow Russian Svetlana Kuznetsova on Sunday. Playing in her first final at the elite Premier Mandatory level, world number 15 Vesnina battled through
Published 21 Mar, 2017 12:00am
FIFA bans Ghanaian referee for life for match fixing

FIFA bans Ghanaian referee for life for match fixing

Ghanaian referee Joseph Odartei Lamptey was on Monday banned for life by world football's governing body FIFA for match fixing. The Confederation of African Football (CAF) had already slapped a three-month ban on Lamptey after he awarded South Africa a co
Published 21 Mar, 2017 12:00am
Duminy withdraws from IPL

Duminy withdraws from IPL

South Africa's J P Duminy has withdrawn from the upcoming edition of the lucrative Indian Premier League Twenty20 tournament, the all-rounder and his franchise said Monday. The 32-year-old, who plays for the Delhi Daredevils, said he was skipping the tour
Published 21 Mar, 2017 12:00am
Messi double edges six-goal thriller Barca's way

Messi double edges six-goal thriller Barca's way

Barcelona closed to within two points of Real Madrid at the top of La Liga as Lionel Messi scored twice in a thrilling 4-2 win over 10-man Valencia at Camp Nou on Sunday. Earlier, Antoine Griezmann scored a stunning free-kick as Atletico Madrid compounded
Published 21 Mar, 2017 12:00am
Marsh, Handscomb help Australia draw Ranchi Test

Marsh, Handscomb help Australia draw Ranchi Test

Skipper Steve Smith said the momentum was now firmly with Australia in their battle against India after a fine final-day rearguard action by his batsmen saw the visitors draw the third Test Monday. Australia, who began their second innings 152 runs adrift
Published 21 Mar, 2017 12:00am
Balochistan Football Cup 2017 enters into final round

Balochistan Football Cup 2017 enters into final round

Pakistan Petroleum Limited (PPL) Balochistan Football Cup 2017 ? the country's largest-ever sponsored football tournament ? entered its final round on March 20 following conclusion of qualification round matches in six provincial divisions of Quetta, Kala
Published 21 Mar, 2017 12:00am
Aussie, kiwi gain

Aussie, kiwi gain

The Australian and New Zealand dollars rose on Monday as the greenback weakened and investors unwound previous bets the Federal Reserve would hike US interest rates at an aggressive pace this year. The Australian dollar inched 0.25 percent higher to $0.77
Published 21 Mar, 2017 12:00am
Sterling slips against dollar
Currency

Sterling slips against dollar

Sterling fell from a three-week high against the dollar on Monday, on the news Prime Minister Theresa May will trigger Britain's divorce proceedings with the European Union on March 29, launching two years of negotiations. May's government said her perman
Published 21 Mar, 2017 12:00am
Canadian dollar weakens
Currency

Canadian dollar weakens

The Canadian dollar weakened on Monday against its US counterpart as lower oil prices offset strong domestic wholesale trade data, while investors weighed the G20's decision to drop a pledge to resist trade protectionism. Financial leaders of the world's
Published 21 Mar, 2017 12:00am
Asian currencies rise broadly; Taiwan dollar jumps
Currency

Asian currencies rise broadly; Taiwan dollar jumps

Asian currencies pushed higher on Monday, as the dollar remained under pressure after the US Federal Reserve last week signalled fewer interest rate hikes this year than some investors had expected. The Taiwan dollar, hit its highest level in about 22 mon
Published 21 Mar, 2017 12:00am
Sri Lankan rupee rises
Currency

Sri Lankan rupee rises

The Sri Lankan rupee closed slightly higher on Monday on dollar selling by banks late in the day, while increased imports and selling of rupee bonds by foreign investors weakened the outlook for the currency, dealers said. Rupee forwards were active, with
Published 21 Mar, 2017 12:00am
Dollar dips in Europe after G20 trade message
Currency

Dollar dips in Europe after G20 trade message

The dollar dipped for the fourth day running against the basket of currencies used to measure its broader strength on Monday, as reaction to a G20 summit dominated by the Trump administration's protectionist bent extended last week's sales. The greenback
Published 21 Mar, 2017 12:00am
Early trade in NY: Dollar falls to six-week low
Currency

Early trade in NY: Dollar falls to six-week low

The dollar dipped to a six-week low against a basket of currencies on Monday, extending weakness from last week, following recent interest-rate guidance from the US Federal Reserve that was less "hawkish" than many had expected. The greenback has been on
Published 21 Mar, 2017 12:00am
Dollar on defensive in Asian trade
Currency

Dollar on defensive in Asian trade

The dollar stayed on the defensive in Asia on Monday with bulls still nursing a grudge after the Federal Reserve's rate guidance last week proved to be less "hawkish" than many had wagered on. There was scant reaction to the Group of 20 meeting over the w
Published 21 Mar, 2017 12:00am
China's yuan down

China's yuan down

China's yuan fell slightly against the US dollar on Monday after a weaker official midpoint fixing, and on views that the central bank will stick to a very modest and gradual pace of monetary tightening to avoid hurting economic growth. China's central ba
Published 21 Mar, 2017 12:00am
FTSE rises to record close after Article 50 trigger date set

FTSE rises to record close after Article 50 trigger date set

Britain's top share index inched higher to set a record closing level on Monday, as falling energy stocks and banks were outweighed by rising consumer staples stocks. The blue chip FTSE 100 index was up 0.1 percent, slipping from the record 7,447.00 point
Published 21 Mar, 2017 12:00am
Australian, New Zealand shares lower

Australian, New Zealand shares lower

Australian shares ended lower on Monday, on worries over global trade protectionism with financials and real estate stocks leading the losses. The S&P/ASX 200 index slid 0.4 percent or 20.75 points, to 5,778.90 at the close of trade.
Published 21 Mar, 2017 12:00am
Hong Kong shares hit a 19-month high

Hong Kong shares hit a 19-month high

Hong Kong stocks powered to 19-month closing highs on Monday, as surges in energy and tech shares helped sustain optimism sparked last week by belief the Federal Reserve won't raise US interest rates too aggressively this year. But an index tracking mainl
Published 21 Mar, 2017 12:00am
European shares slip from 15-month highs as oils, banks fall

European shares slip from 15-month highs as oils, banks fall

European shares retreated slightly from 15-month highs on Monday with lower crude prices weighing on oil stocks and Deutsche Bank dragging banks lower one day before the start of its 8 billion-euro cash call. The pan-European STOXX 600 index ended 0.2 per
Published 21 Mar, 2017 12:00am
China stocks up as energy offsets fresh property curbs

China stocks up as energy offsets fresh property curbs

China stocks recouped earlier losses to end slightly higher on Monday, as strong gains in energy stocks offset weakness in developers following fresh measures to cool the property market. The blue-chip CSI300 index rose 0.1 percent, to 3,449.61 points, wh
Published 21 Mar, 2017 12:00am
Indian shares head for first fall in three sessions; Idea slumps

Indian shares head for first fall in three sessions; Idea slumps

Indian shares were headed for their first drop in three sessions on Monday, taking a breather after the NSE index scaled an all-time high last week, as software services exporters remained under pressure on worries about a stronger rupee.
Published 21 Mar, 2017 12:00am
Southeast Asian stocks: Indonesia, Philippines fall on profit-taking

Southeast Asian stocks: Indonesia, Philippines fall on profit-taking

Indonesian and Philippine shares fell on Monday as investors chose to book profit after recent gains, while Malaysia hit its highest in nearly 22 months on the back of gains in telecom stocks. The Jakarta Composite Index closed 0.1 percent lower following
Published 21 Mar, 2017 12:00am
Taiwan stocks down

Taiwan stocks down

Taiwan stocks hit a near two-year high on Monday before reversing gains as investors locked in profits, while overall sentiment remained cautious.
Published 21 Mar, 2017 12:00am
Snap snaps back after analyst assigns first 'buy' rating

Snap snaps back after analyst assigns first 'buy' rating

Snap Inc stock rose on Monday after the Snapchat owner received its first "buy" rating from a Wall Street analyst following a $3.4 billion public listing this month that raised the eyebrows of many on Wall Street. The social media company's public listing
Published 21 Mar, 2017 12:00am
Snap snaps back after analyst assigns first 'buy' rating

Snap snaps back after analyst assigns first 'buy' rating

Snap Inc stock rose on Monday after the Snapchat owner received its first "buy" rating from a Wall Street analyst following a $3.4 billion public listing this month that raised the eyebrows of many on Wall Street. The social media company's public listing
Published 21 Mar, 2017 12:00am
Sri Lankan shares edge down

Sri Lankan shares edge down

Sri Lankan shares edged down on Monday, hovering near a one-year closing low hit last week, as expectations of a rate hike continued to weigh on sentiment. The Colombo stock index fell 0.1 percent to finish at 6,041.17, near its lowest close since March 1
Published 21 Mar, 2017 12:00am
IBM launches enterprise-ready blockchain service
Currency

IBM launches enterprise-ready blockchain service

International Business Machines Corp has launched a service that will allow businesses to build applications on its cloud using blockchain code from the Hyperledger Project, the cross-industry group led by the Linux Foundation. The US technology company s
Published 21 Mar, 2017 12:00am
World Bank disburses another $1 billion loan to Egypt

World Bank disburses another $1 billion loan to Egypt

The World Bank has disbursed a further $1 billion in financial assistance to Egypt out of its $3 billion loan programme with the country, The World Bank said in a statement on Monday. Egypt has been negotiating billions of dollars in aid from various lend
Published 21 Mar, 2017 12:00am
Dubai harvests desert sun at vast solar plant

Dubai harvests desert sun at vast solar plant

Dubai on Monday completed a solar plant big enough to power 50,000 homes as part of a plan to generate three-quarters of its energy from renewables by 2050. The 200 megawatt plant sprawls over 4.5 square kilometres (1.73 square miles) of desert and includ
Published 21 Mar, 2017 12:00am
Italy gives final approval to Intesa funding of Russian oil deal

Italy gives final approval to Intesa funding of Russian oil deal

Italy has given its final blessing to a 5.2 billion euro loan made in January by bank Intesa SanPaolo to finance the privatisation of a stake in Russia's biggest oil company, after checking to ensure the deal did not breach sanctions. Russia sold a 19.5 p
Published 21 Mar, 2017 12:00am
Swiss bank UBS to be tried in France over tax fraud

Swiss bank UBS to be tried in France over tax fraud

Swiss banking giant UBS will go on trial in France for establishing a wide-ranging tax fraud scheme worth billions of euros, legal sources told AFP on Monday. UBS will be charged with illegal banking practices and dissimulating tax fraud, the sources said
Published 21 Mar, 2017 12:00am
China home price gains spread in February

China home price gains spread in February

China's red-hot property market picked up pace in February after price gains had slowed in the previous four months, with average new home prices in 70 major cities edging up in spite of a raft of new government curbs aimed at tempering speculative demand
Published 21 Mar, 2017 12:00am
Vodafone, Idea in $23 billion deal to create new Indian telecom leader

Vodafone, Idea in $23 billion deal to create new Indian telecom leader

Britain's Vodafone Group and Idea Cellular agreed on Monday to merge their Indian operations in a $23 billion deal, creating the country's biggest telecoms business after the entry of a new rival sparked a brutal price war. The combined entity would have
Published 21 Mar, 2017 12:00am
Indonesia plans to file WTO complaint over EU biodiesel duties

Indonesia plans to file WTO complaint over EU biodiesel duties

Indonesia plans to file a World Trade Organization complaint this month against European Union anti-dumping duties on biodiesel exports from the Southeast Asian country, trade officials said on Sunday. Indonesia said in a statement the EU duties on biodie
Published 21 Mar, 2017 12:00am
Poland aims to be winner in Brexit battle for banking jobs

Poland aims to be winner in Brexit battle for banking jobs

As Britain prepares to leave the European Union, the country hoping to win the most jobs from London's financial centre is not Germany or France, but Poland. While the likes of Frankfurt and Paris are competing for top investment bankers after Brexit, Pol
Published 21 Mar, 2017 12:00am
Adani to begin work on Australia mine by August

Adani to begin work on Australia mine by August

India's Adani Enterprises says work on a giant coal mine near Australia's Great Barrier Reef will begin in August despite mounting opposition to the long-delayed project, local media reported Sunday. The controversial $16 billion Carmichael mine - destine
Published 21 Mar, 2017 12:00am
Germany's EON clocks up record loss in 2016

Germany's EON clocks up record loss in 2016

German energy giant EON said Wednesday that it booked a record loss of 8.45 billion euros ($9.0 billion) in 2016 after massively overvaluing its fossil fuels division which was spun off late last year. The previous year, EON had already run up a bottom-li
Published 21 Mar, 2017 12:00am
Germany's EON clocks up record loss in 2016

Germany's EON clocks up record loss in 2016

German energy giant EON said Wednesday that it booked a record loss of 8.45 billion euros ($9.0 billion) in 2016 after massively overvaluing its fossil fuels division which was spun off late last year. The previous year, EON had already run up a bottom-li
Published 21 Mar, 2017 12:00am
Top real estate tycoon appointed Dubai Holding chairman

Top real estate tycoon appointed Dubai Holding chairman

One of Dubai's leading real estate tycoons will take charge of Dubai Holding, the investment vehicle of the emirate's ruler which has a $35 billion portfolio of assets in over 20 countries, the Dubai government said on Sunday. Abdulla al-Habbai was chosen
Published 21 Mar, 2017 12:00am
Croatia's Agrokor works on new business model to resolve debts

Croatia's Agrokor works on new business model to resolve debts

Croatian food group Agrokor, which is struggling to resolve major debt problems, said on Sunday it was working on a new business model aimed at protecting employees, suppliers and other partners. Agrokor, the biggest Croatian private company and the bigge
Published 21 Mar, 2017 12:00am
Chile's economy grows 1.6 percent

Chile's economy grows 1.6 percent

Chile's economy contracted 0.4 percent in the final quarter of 2016 compared with the preceding quarter, the central bank said on Monday, as weakness in mining and business services contributed to a worse-than-expected performance. Compared with a year ea
Published 21 Mar, 2017 12:00am
Peugeot family says Opel deal paves way for global expansion

Peugeot family says Opel deal paves way for global expansion

PSA Group's acquisition of General Motors division Opel gives the French carmaker greater scale to pursue global expansion plans, family shareholder Jean-Philippe Peugeot told German paper Welt am Sonntag. Earlier this month, PSA Group agreed to buy Opel
Published 21 Mar, 2017 12:00am
Singapore February exports strongest in five years

Singapore February exports strongest in five years

Singapore's February non-oil domestic exports (NODX) grew at their fastest pace in five years, fuelled by demand for the city state's tech products and a sharp jump in shipments to China. The stronger-than-expected data adds to optimism of a manufacturing
Published 21 Mar, 2017 12:00am
Czech energy group bucks green trend with bet on coal

Czech energy group bucks green trend with bet on coal

Bucking a trend set by its European peers to divest from coal, the Czech energy group EPH is buying coal-fired power plants across the continent to the dismay of environmentalists lobbying for a phase-out of fossil fuels. Its annual production of more tha
Published 21 Mar, 2017 12:00am
US MIDDAY: gold climbs

US MIDDAY: gold climbs

Gold prices edged higher to a two-week peak on Monday as the dollar slid to a six-week low after a G20 weekend summit dominated by the US administration's protectionist stance. The precious metal has been rising since Wednesday, when the dollar dropped af
Published 21 Mar, 2017 12:00am
US MIDDAY: wheat drops

US MIDDAY: wheat drops

US wheat futures fell on Monday, led lower by a 1.9 percent drop in K.C. hard red winter wheat amid forecasts for improving weather for crop development in key US growing areas. "The US Plains were dry over the weekend, but the next precip(itation) chance
Published 21 Mar, 2017 12:00am
Gold hits two-week high in Europe

Gold hits two-week high in Europe

Gold prices scaled a two-week peak on Monday as the dollar slid to a six-week low after a G20 weekend summit dominated by the US administration's protectionist stance on global trade. The precious metal has been rising since Wednesday, when the dollar dro
Published 21 Mar, 2017 12:00am
Gold rises in Asia

Gold rises in Asia

Gold prices hit a two-week high on Monday as the dollar slumped to near 6-week lows after the US Federal Reserve's dovish outlook on the pace of rate increases this year continued to disappoint dollar bulls. Spot gold rose 0.5 percent to $1,234.60 per oun
Published 21 Mar, 2017 12:00am
Palm oil falls

Palm oil falls

Malaysian palm oil futures on Monday slipped to a second session of declines in three on weaker export data, while March output is expected to improve from a month ago. Benchmark palm oil futures for June delivery on the Bursa Malaysia Derivatives Exchang
Published 21 Mar, 2017 12:00am
Sucden sees small global sugar surplus

Sucden sees small global sugar surplus

A small global sugar surplus is forecast for the 2017/18 season although weather risks including a potential El Nino mean it may not materialise, Paris-based commodity trade house Sucres and Denrees (Sucden) said in a quarterly report on Tuesday. Sucden s
Published 21 Mar, 2017 12:00am
Growing US supply concerns keep oil prices under pressure

Growing US supply concerns keep oil prices under pressure

Oil prices slipped on Monday, despite news that Opec was supportive of extending a six-month deal to cut output as investors continue to grapple with worries about growing US oil output and high inventories. Brent crude futures settled at $51.62 a barrel,
Published 21 Mar, 2017 12:00am
Copper slides on supply expectations and inventories

Copper slides on supply expectations and inventories

Copper prices slipped on Monday as worries about demand from top consumer China were reinforced by expectations of ample supplies and higher inventories in exchange-monitored warehouses. Benchmark copper on the London Metal Exchange ended down 0.9 percent
Published 21 Mar, 2017 12:00am
Shanghai copper barely changed

Shanghai copper barely changed

Shanghai Futures Exchange copper was barely changed at 47,980 yuan ($6,948) a tonne on Monday on jitters that Beijing would set down tougher measures to cool its housing sector, although trade was thin as markets digested the results of a meeting of G20 f
Published 21 Mar, 2017 12:00am
Indian soyaoil futures rise

Indian soyaoil futures rise

Indian soyaoil futures were headed for a third straight gaining session on Friday, tracking the soyaoil contract on the Chicago Board of Trade (CBOT) and the Dalian Commodity Exchange, as well as palm oil on the Bursa Malaysia Derivatives Exchange. April
Published 21 Mar, 2017 12:00am
Activities at Karachi and Qasim ports

Activities at Karachi and Qasim ports

The Karachi Port handled 346,409 tonnes of cargo comprising 283,272 tonnes of import cargo and 63,137 tonnes of export cargo including 7,939 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargo of 283
Published 21 Mar, 2017 12:00am
Palm oil stabilises on European vegoils market

Palm oil stabilises on European vegoils market

Palm oil on the European vegetable oils market was little changed on Friday with the market stabilising after rising earlier in the week. Sellers raised asking prices for April crude palm oil by $5 a tonne to $745, a level which traded, but further forwar
Published 21 Mar, 2017 12:00am
PMEX daily trading report
Cotton

PMEX daily trading report

On Friday, at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,018. The total traded value of Metals, Energy and COTS/FX was recorded at PKR 4.31 billion and the number of lots traded was 6,531. Major business was contributed by curr
Published 21 Mar, 2017 12:00am
CBOT wheat futures edge higher

CBOT wheat futures edge higher

Chicago Board of Trade wheat futures edged higher on Friday supported by gains in higher-protein K.C. hard red winter wheat contracts. Traders said there was talk of rising overseas demand for higher protein offerings needed to blend with the soft wheat s
Published 21 Mar, 2017 12:00am
Canadian canola futures fall

Canadian canola futures fall

ICE Canadian canola futures fell for the sixth day in a row, hitting a two-month low on fund selling, traders said. Slow export business also weighed on the canola market, which has fallen 4.5 percent during the losing streak. Most-active May canola shed
Published 21 Mar, 2017 12:00am
Cotton prices rise on cautious selling
Cotton

Cotton prices rise on cautious selling

Rates of cotton showed modest gains on the local market amid cautious selling by ginners after the Pakistan Cotton Ginners Association (PCGA) lower-than-expected report, dealers said. The official spot rate was higher by Rs 50 to Rs 6800, they said. In Pu
Published 21 Mar, 2017 12:00am
European wheat futures edge lower

European wheat futures edge lower

European wheat futures edged lower on Friday as this week's rally in the euro against the dollar continued to dampen sentiment but price movements were limited in thin end-of-week trading. May milling wheat, the most active contract on Paris-based Euronex
Published 21 Mar, 2017 12:00am
India's rapeseed output to jump 20 percent to three-year high

India's rapeseed output to jump 20 percent to three-year high

India rapeseed production in crop year 2016/17 is likely to jump by as much as 20 percent to the highest in three years at 7 million tonnes as farmers expanded the area planted with the oilseed due to ample rainfall and higher prices. Rapeseed, a type of
Published 21 Mar, 2017 12:00am
Russia to export 550,000 tonnes of sugar in 2016-17

Russia to export 550,000 tonnes of sugar in 2016-17

Russia could export 550,000 tonnes of sugar in the 2016/17 marketing year that began on August 1, Andrey Bodin, the head of Russia's Sugar Producers' Union, told a conference in Moscow on Thursday. The country has been increasing production to reduce reli
Published 21 Mar, 2017 12:00am
China to buy Philippine fruits and agri produce

China to buy Philippine fruits and agri produce

China on Wednesday signed deals committing it to buy $1.7 billion worth of fruits and other agricultural products from the Philippines, the latest in a series of agreements in an era of cordial ties under President Rodrigo Duterte. Zhao Jianhua, China's a
Published 21 Mar, 2017 12:00am
Ukraine sows 11 percent of spring grains area

Ukraine sows 11 percent of spring grains area

Farmers in Ukraine have sown 11 percent, or 273,000 hectares, of the country's planned spring grains area since the season began on March 8, the agriculture ministry said on Friday. Ukraine, the world's third-largest grain exporter, expects to sow 7.2 mil
Published 21 Mar, 2017 12:00am
Iran buys 40,000 tonnes of Thai rice

Iran buys 40,000 tonnes of Thai rice

Iran's state grains buyer GTC purchased about 40,000 tonnes of rice from Thailand in an international tender this week, a deal which traders believe shows Iran's purchasing is returning to more normal patters after sanctions were lifted. Traders said Iran
Published 21 Mar, 2017 12:00am
CBOT soyabeans futures fall

CBOT soyabeans futures fall

Chicago Board of Trade soyabean futures fell for the ninth time in ten sessions on Friday, with the ongoing harvest of a massive South American crop hanging over the market, traders said. But declines were limited as investors have already priced in much
Published 21 Mar, 2017 12:00am
Chinese iron ore, steel slip, but post best week in two months

Chinese iron ore, steel slip, but post best week in two months

Chinese steel and iron ore futures dropped on Friday after recent sharp gains that helped both commodities post their biggest weekly increase in two months. Shanghai rebar scaled a three-year high this week on hopes of stronger infrastructure spending and
Published 21 Mar, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 21 Mar, 2017 12:00am
New York cotton

New York cotton

The following were the fluctuations observed during the day:

Published 21 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 21 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 21 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 Monday (March 20, 2017).

Published 21 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 Monday (March 20, 2017).

Published 21 Mar, 2017 12:00am
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